Tuesday, December 6, 2011

Borrow. Borrow. And Borrow Some More.

People take out mortgages, for example, rather than buying houses with credit cards. When mortgage rates fall, there?s a rush to refinance. Cheap money is better than expensive money. But what you never get is an offer of free money. The idea, always, is that someone will give you some money today and in exchange you have to give him back more money later on. Unless, that is, you?re the government of the United States of America, and lenders are willing to pay for the privilege of lending you money.

Source: http://feeds.slate.com/click.phdo?i=59592130cc51a26e8bebdca79d147113

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Video: This Week in Europe

Will the ECB issue euro-bonds to stem the crisis? Antonio Garcia Pascual, Barclays Capital economist, says markets are ready for action. But he adds, "We're not expecting a large bazooka."

Related Links:

Business & financial news headlines from msnbc.com

Source: http://video.msnbc.msn.com/cnbc/45550163/

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Monday, December 5, 2011

Summary Box: UK spies ask hackers to crack code (AP)

CLOAK: Britain's electronic listening agency, GCHQ, is trying to reach individuals with "a keen interest in code breaking and ethical hacking" for new career opportunities. Officials say they need people to counter "threats to information and computer technology." However, anyone who has hacked illegally need not apply, according to GCHQ.

DAGGER: The agency revealed it is behind an online campaign to find the next generation of cyber spooks. It launched a cryptic website last month featuring a box of code made up of numbers and letters. There is no branding on the site, only the phrase "Can you crack it?"

POCKET PROTECTORS: More than 50 people have successfully cracked the code so far ? of which 80 percent have submitted an application.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20111202/ap_on_bi_ge/eu_britain_spy_games_summary_box

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Sunday, December 4, 2011

UN rights chief urges ICC referral of Syria crimes

In this photo taken during a government-organized tour for the media, Georgina Mtanious al-Jammal, the mother of Sari Saoud a 9-year-old boy who was shot dead in Homs three days ago while he was buying cookies from a shop, holds her son's portarit as she mourns at her house, in the village of Kfarbo in Hama province, Syria, on Thursday Dec. 1, 2011. Georgina blamed "armed terrorists" for killing her son. Syria's opposition called a general strike Thursday over President Bashar Assad's deadly crackdown on an 8-month-old revolt, ramping up efforts to persuade the country's business elite to abandon their long-standing ties to the regime. (AP Photo/Bassem Tellawi)

In this photo taken during a government-organized tour for the media, Georgina Mtanious al-Jammal, the mother of Sari Saoud a 9-year-old boy who was shot dead in Homs three days ago while he was buying cookies from a shop, holds her son's portarit as she mourns at her house, in the village of Kfarbo in Hama province, Syria, on Thursday Dec. 1, 2011. Georgina blamed "armed terrorists" for killing her son. Syria's opposition called a general strike Thursday over President Bashar Assad's deadly crackdown on an 8-month-old revolt, ramping up efforts to persuade the country's business elite to abandon their long-standing ties to the regime. (AP Photo/Bassem Tellawi)

(AP) ? Syrian authorities cracking down on opposition protesters have killed at least 307 children, the U.N.'s human rights chief said Friday, urging world powers to refer these and other allegations of Syrian "crimes against humanity" to the International Criminal Court.

Navi Pillay, the U.N. High Commissioner for Human Rights, said fresh reports from the country ? including the updated death toll for children from less than a week ago ? reinforced the need for the Security Council to submit the situation in Syria to the Hague-based court.

"In light of the manifest failure of the Syrian authorities to protect their citizens, the international community needs to take urgent and effective measures to protect the Syrian people," Pillay told an emergency meeting of the U.N. Human Rights Council in Geneva.

A draft resolution backed by African, European, Asian, Arab and American members of the 47-nation rights council calls for the establishment of a special investigator on Syria, but leaves open the issue of whether the Security Council, the U.N.'s most powerful arm, should refer the country to the ICC.

The council's session Friday comes amid mounting international pressure on Syria. The U.N. says the nation is on the verge of civil war, and the Arab League, European Union, Turkey and the United States have all approved measures to sanction the Syrian economy, which relies on oil and tourism.

Russia and China have held back support for the resolution. The two permanent members of the Security Council have condemned the bloodshed, but are staunchly resisting further international pressure on Syria.

Russia's ambassador Valery Loshchinin, whose nation has delivered arms to Syria, claimed Friday that opposition groups are getting weaponry from outside forces.

Pillay said her office had received reliable information that the death toll since the start of the eight-month uprising was now "much more" than 4,000.

"The Syrian authorities' continual ruthless repression, if not stopped now, can drive the country into a full-fledged civil war," she said.

An independent panel's report to the Human Rights Council this week said it found widespread evidence of "crimes against humanity" and use of excessive force against civilians.

The chairman of the international commission of inquiry, Paulo Sergio Pinheiro, a Brazilian professor, told the council Friday that the 307 children killed included 262 boys and 45 girls. He said November was the deadliest month so far ? with 56 children killed.

Syria's ambassador to the U.N. in Geneva, Fayssal al-Hamwi, responded that any U.N. action would only deepen the crisis and Pinheiro's panel "fell into the same trap" as other outside observers siding against the government.

"We strongly condemn the fact that the international commission on Syria was not objective in the report," he told diplomats. "The solution cannot come from the corridors of the international community."

But the U.S. ambassador, Eileen Chamberlain Donahoe, and other nations likened the Syrian government's actions to mass atrocities.

"Rather than respond to the legitimate aspirations of the Syrian people, Assad and his inner circle assault a peaceful opposition with escalating violence and terror," Donahoe said.

"The Syrian government stokes fears in minority communities with propaganda about foreign conspiracies and domestic terrorism," she said. "The propaganda is fooling no one: the regime is driving the cycle of violence and sectarianism."

___

Frank Jordans contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-12-02-EU-UN-Rights-Syria/id-59aa4009f92d42b4b8f92566372f93a5

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Saturday, December 3, 2011

Zynga hopes to raise about $1 billion in IPO

(AP) ? Hoping to harvest some fresh cash, the online game company behind "FarmVille" said Friday that it plans to raise $1 billion in an initial public offering of up to 100 million shares.

Zynga Inc. is the latest in a spate of IPOs by Internet companies this year, ranging from professional networking service LinkedIn Corp. to the online deals site Groupon Inc. They're all precursors to Facebook's public debut expected sometime after April next year. Facebook could fetch as much as $10 billion in its offering.

Zynga, whose games are played mainly on Facebook, plans to sell its shares at $8.50 to $10 each. If the shares are priced at $10, Zynga will be valued at $7 billion based on the number of its total shares. That's a smaller valuation that the company's shares have traded recently on SharesPost, a secondary stock exchange used to trade the stock of privately held companies. There, a recent trade valued Zynga at $11.7 billion.

The company expects to sell 14.3 percent of its available stock, according to a filing with the Securities and Exchange Commission. That's a relatively high "float," which could give investors confidence that the company isn't trying to artificially inflate its value. Groupon raised some concerns when it sold just 5.5 percent of its outstanding stock. Though not unprecedented, the amount was below that of many prominent tech companies, such as Google (7.2 percent), Amazon (12.6 percent) and LinkedIn (8.2 percent).

The offering gives investors the option to buy an additional 15 million shares to cover over-allotments, bringing the total number of shares for sale to 115 million.

Newly-public tech companies aren't always a hit after their initial offering. Shares of Internet radio company Pandora Media Inc., are trading below their IPO price and Groupon is slightly above and has fluctuated wildly. Unlike those two, however, Zynga is profitable. The company makes most of its revenue by charging small amounts of money for virtual items in its games. Players pay for new crops in "FarmVille," for example, or new buildings in "CityVille," its most popular game.

The company plans to use the proceeds from the offering for general corporate purposes such as game development, marketing and other expenses. It also plans to use part of it for its philanthropic venture, Zynga.org.

Zynga has about 2,300 employees. It was founded in 2007 by CEO Mark Pincus. Following the IPO, Pincus will continue to be the sole holder of Zynga's Class C stock, each share of which carries 70 votes. After the offering, Pincus, 45, will control about 36.2 percent of the total voting power at Zynga through Class B and Class C shares he owns.

Companies often split their stock into different classes to keep control of the decisions about the company in the hands of founders and early employees. But having a class of shares carry 70 votes is unusual ? about 10 is more common.

__

Associated Press Writer Mae Anderson in New York contributed to this story.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-12-02-Zynga-IPO/id-c603508e117647379a9effaa31c8c76d

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Timing is everything: Bacterial attachment mimics just-in-time industrial model

ScienceDaily (Nov. 30, 2011) ? n the human world of manufacturing, many companies are now applying an on-demand, just-in-time strategy to conserve resources, reduce costs and promote production of goods precisely when and where they are most needed. A recent study from Indiana University Bloomington scientists reveals that bacteria have evolved a similar just-in-time strategy to constrain production of an extremely sticky cement to exactly the appropriate time and place, avoiding wasteful and problematic production of the material.

Indiana University biologists and two physicists at Brown University with IU connections have shown that certain bacteria wait until the last minute to synthesize the glue that allows them to attach permanently to surfaces. Binding efficiently to surfaces is extremely important to bacteria in the environment and for bacterial disease agents during the infection process.

The researchers found that bacteria -- including the freshwater bacterium Caulobacter crescentus and the agricultural pathogen Agrobacterium tumefaciens -- first connect to a surface with the cellular equivalents of propellers and cables and that this initial, reversible contact stimulates the synthesis of a sticky glue. This holdfast adhesin, which is composed of polysaccharide sugar molecules, is then released only at the site of surface contact to irreversibly attach the bacteria to host surfaces.

The study, "Surface contact stimulates the just-in-time deployment of bacterial adhesins," was published earlier this month in Molecular Microbiology . It describes how single bacterial cells use their flagella (the propellers) and pili (the cables) to facilitate the timely release of adhesive polysaccharides upon initial contact with other surfaces.

Microbiologists are generally interested in bacterial adhesion and formation of complex microbial communities called biofilms that can clog pipes, slow down ships and establish antibiotic-resistant infections. Efficient surface attachment strategies are advantageous to bacteria as they can increase nutrient access and resistance to environmental stress, including host defenses.

"For bacteria, surface attachment by single cells is the first step to important processes such as biofilm formation and host infection," said IU microbiologist Pamela Brown, one of the project's lead authors. "What we found is that the interaction of bacterial cells with a surface using their flagellum and pili stimulates the on-the-spot production of polysaccharide adhesins, propelling the transition from transient to permanent attachment."

The new findings also suggest that pathogenic bacteria may carefully time adhesin release to protect themselves from premature exposure to a host's immune system during infection.

The team used cutting-edge, high-resolution video microscopy to observe the single-cell attachment process in real time in the presence of a fluorescent stain that decorates the adhesive polysaccharide. They found that when Caulobacter cells are propelled to a surface by their rotating propeller-like single flagellum, the flagellar motor stopped immediately upon contact with the surface. Inhibition of flagellar rotation was quickly followed by the production of the holdfast polysaccharide adhesin, specifically from the cell pole containing the now inactive flagellum, and in contact with the surface.

"We knew that cable-like pili are present at the same pole of the cell as the flagellum, and we hypothesized that they played a key role in the process by interacting with the surface, thereby preventing the free rotation of the flagellum," said IU microbiologist Yves Brun, the project's principal investigator. Indeed, when the team made a mutation that abolished the pili, the cells became tethered to the surface by their flagellum, but its rotation continued and the cell eventually detached.

The team hypothesizes that just-in-time adhesin production may be a general phenomenon since they obtained similar results with two other bacterial species, Agrobacterium tumefaciens and Asticcacaulis biprosthecum.

"What is striking is that we found that this mechanism does more than stimulate binding to inert surfaces. It also operates when the plant pathogen Agrobacterium tumefaciens binds to host tissue," said IU microbiologist Clay Fuqua, who recently discovered the holdfast-type adhesin used by this bacterium to attach to plant tissue. "We think that the ability to rapidly deploy this permanent adhesin may be advantageous for swimming cells attempting to colonize a favorable environment."

Since pathogens such as Escherichia coli and Pseudomonas aeruginosa also attach by their pole prior to their transition from reversible to irreversible attachment, the authors hypothesize that this mechanism could also be at play during the infection process.

"Once we know more about the details of this mechanism, we may be able to design drugs that prevent this adhesin stimulation, therefore reducing the efficiency of infections," Brown said.

Research from Brun's laboratory and that of Brown University physicist Jay Tang on bacterial glues published in 2006 received international attention after they showed that the holdfast "glue" released by the tiny Caulobacter cells was the strongest in nature with a pulling force of 1 micronewton, equivalent to holding three or four cars with glue spread on the surface of a quarter.

"For such a strong adhesive, it may be important to avoid producing it too early because it might lose its efficiency, or it might get the cells irreversibly bound to the wrong surface. The analogy to the human world is amazing: You don't apply glue hours before you want to use it because it cures and hardens," Brun said.

Timing is everything, and with just-in-time adhesive production, cells have a better chance for efficient surface interaction and colonization because the two main factors in reducing adhesion -- curing and coating of glue with small particles -- are inhibitory mechanisms that require time to decrease adhesiveness. The on-the-spot production of adhesins circumvents this problem.

Funding for this research was provided by the National Institutes of Health, the Indiana University Faculty Research Support Program and the Indiana METACyt Initiative of IU.

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The above story is reprinted from materials provided by Indiana University.

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Journal Reference:

  1. Guanglai Li, Pamela J. B. Brown, Jay X. Tang, Jing Xu, Ellen M. Quardokus, Clay Fuqua, Yves V. Brun. Surface contact stimulates the just-in-time deployment of bacterial adhesins. Molecular Microbiology, 2011; DOI: 10.1111/j.1365-2958.2011.07909.x

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

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

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/2vDKcpNTzFE/111130142226.htm

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Friday, December 2, 2011

Grammy Awards nominations in top categories (AP)

LOS ANGELES ? Nominees announced Wednesday in top categories for the 54th annual Grammy Awards:

Record of the Year: "Rolling in the Deep," Adele; "Holocene," Bon Iver; "Grenade," Bruno Mars; "The Cave," Mumford & Sons; "Firework," Katy Perry.

Album of the Year: "21," Adele; "Wasting Light," Foo Fighters; "Born This Way," Lady Gaga; "Doo-Wops & Hooligans," Bruno Mars; "Loud," Rihanna.

Song of the Year: "All of the Lights," Jeff Bhasker, Malik Jones, Warren Trotter and Kanye West, songwriters (performed by Kanye West, Rihanna, Kid Cudi and Fergie); "The Cave," Ted Dwane, Ben Lovett, Marcus Mumford and Country Winston, songwriters (Mumford & Sons); "Grenade," Brody Brown, Claude Kelly, Philip Lawrence, Ari Levine, Bruno Mars and Andrew Wyatt, songwriters (Bruno Mars); "Holocene," Justin Vernon, songwriter (Bon Iver); "Rolling in the Deep," Adele Adkins & Paul Epworth, songwriters (Adele).

New Artist: The Band Perry, Bon Iver, J. Cole, Nicki Minaj, Skrillex.

Pop Vocal Album: "21," Adele; "The Lady Killer," Cee Lo Green; "Born This Way," Lady Gaga; "Doo-Wops & Hooligans," Bruno Mars; "Loud," Rihanna.

Rock Album: "Rock 'n' Roll Party Honoring Les Paul," Jeff Beck; "Wasting Light," Foo Fighters; "Come Around Sundown," Kings of Leon; "I'm With You," Red Hot Chili Peppers; "The Whole Love," Wilco.

R&B Album: "F.A.M.E.," Chris Brown; "Second Chance," El DeBarge; "Love Letter," R. Kelly; "Pieces of Me," Ledisi; "Kelly," Kelly Price.

Rap Album: "Watch the Throne," Jay-Z and Kanye West; "Tha Carter IV," Lil Wayne; "Lasers," Lupe Fiasco; "Pink Friday," Nicki Minaj; "My Beautiful Dark Twisted Fantasy," Kanye West.

Country Album: "My Kinda Party," Jason Aldean; "Chief," Eric Church; "Own the Night," Lady Antebellum; "Red River Blue," Blake Shelton; "Here for a Good Time," George Strait; "Speak Now," Taylor Swift.

Latin Pop, Rock or Urban Album: "Entren Los Que Quieran," Calle 13; "Entre La Ciudad y El Mar," Gustavo Galindo; "Nuestra," La Vida Boh?me; "Not So Commercial," Los Amigos Invisibles; "Drama y Luz," Man?.

Jazz Vocal Album: "`Round Midnight," Karrin Allyson; "The Mosaic Project," Terri Lyne Carrington & Various Artists; "The Gate," Kurt Elling; "American Road," Tierney Sutton (Band); "The Music of Randy Newman," Roseanna Vitro.

Contemporary Classical Composition: "Elmer Gantry," Robert Aldridge and Herschel Garfein; "The Ghosts of Alhambra," George Crumb; "String Quartet No. 3," Jefferson Friedman; "Lonely Motel-Music from Slide," Steven Mackey; "Piano Concerto No. 2," Poul Ruders.

___

Full nominee list available at www.grammy.com

Source: http://us.rd.yahoo.com/dailynews/rss/music/*http%3A//news.yahoo.com/s/ap/20111201/ap_en_mu/us_grammy_nominations_list

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