Stan Musial dies at 92; Cardinals' Hall of Fame hitter

To generations of baseball fans, he was simply "Stan the Man."

Stan Musial, a legendary slugger for the St. Louis Cardinals who came to embody one of the sport's most successful franchises, died Saturday. He was 92.

Musial, who had Alzheimer's disease, died at his home in the St. Louis suburb of Ladue, the Cardinals announced.

During his 22 seasons, all with the Cardinals, Musial won seven National League batting titles and three most valuable player awards. A career .331 hitter, he was inducted into the Hall of Fame in 1969, becoming only the fourth player chosen in his first year of eligibility.

"Stan Musial was the greatest player in Cardinals history and one of the best players in the history of baseball," William DeWitt Jr., the Cardinals' chairman, said Saturday in a statement.

Musial's nickname was inspired by Brooklyn Dodger fans who marveled at his mastery of the Dodgers at Ebbets Field and complained, "Here comes the man again."

Don Newcombe, a star pitcher for the Dodgers, told Sports Illustrated in 2010: "I could have rolled the ball up there against Musial, and he would have pulled out a golf club and hit it out."

Stanley Frank Musial was born Nov. 21, 1920, in Donora, Pa., to Lukasz and Mary Lancos Musial, the fifth of their six children.

In high school, Musial was a two-sport star. He could have played college basketball on scholarship but signed with the Cardinals as a pitcher in 1938.

He was so wild in Williamson, W.Va., the lowest level of the Cardinals' minor league system, that his manager suggested he be released. But another player's injury gave him a chance to play outfield, and he saved his career by hitting .352. The next season in Daytona Beach, Fla., Musial hurt his left shoulder diving for a ball in center field, ending his pitching career.

"My arm never did get better," he told the St. Louis Post-Dispatch in 2002. "I couldn't throw hard from then on. But it never bothered my hitting."

In 1941, he reached the majors despite starting the season on a lowly minor league team in Springfield, Mo. He hit .426 in 12 games late in the season for St. Louis, and the Cardinals finished second to the Dodgers. Musial had a remarkable season, hitting a combined .364 after jumping through the St. Louis minor league system. "Facing oblivion in the spring, he reached stardom," according to the 2001 book "Musial: From Stash to Stan the Man."

With Musial in the lineup beginning in 1942, the Cardinals reached the World Series in three consecutive seasons, winning in 1942 and 1944.

"The '42 Cardinal club was the best I was with. If the war hadn't come along, I feel we could have won maybe six or seven pennants in a row," St. Louis outfielder Terry Moore said in the 1994 book "Stan the Man Musial: Born to Be a Ballplayer."

In 1943, Musial won his first batting title and MVP award when the Cardinals lost the series to the New York Yankees.

Musial said he "memorized the speed at which every pitcher in the league threw his fastball, curve and slider. Then I'd pick up the speed and rotation of the ball in the first 30 feet of its flight and knew how it would move once it approached the plate."

Leo Durocher, who faced Musial as a player and manager, once said the only way to pitch him was "under the plate."

Musial's signature feature was a distinct batting stance that Chicago White Sox pitcher Ted Lyons once said made him look like "a kid peeking around the corner to see if the cops are coming." Former St. Louis Manager Whitey Herzog had told Musial, "I tried to have your stance and I was in the minors for eight years."

After spending 1945 in the Navy, Musial again led the Cardinals to the World Series in 1946, when they defeated the Boston Red Sox in seven games. Musial and Red Sox star Ted Williams struggled in the series, each hitting only .222. It was Musial's last World Series.

His best season may have been 1948, when he was named the league's most valuable player for the third time. Healthy after having appendicitis in 1947, Musial led the league in almost every offensive category, including his .376 batting average and 131 runs batted in. He just missed winning the triple crown with 39 home runs, one short of the league lead.

He hit five home runs during a doubleheader in 1954 and reached a career milestone in 1958 with his 3,000th hit.

Musial retired after the 1963 season and spent a year as the Cardinals' general manager. He remained a celebrity in St. Louis, running Stan Musial & Biggie's Restaurant, which he opened in 1949.

At baseball's 2009 All-Star game in St. Louis, Musial received a standing ovation when he was driven onto the field before the game. He handed a ball to President Obama, who threw out the ceremonial first pitch.

When Musial received the Presidential Medal of Freedom, the nation's highest civilian honor, in 2011, Obama noted that "his brilliance could come in blinding bursts" and said he "remains to this day an icon, untarnished … a gentleman you'd want your kids to emulate."

Musial's wife of 72 years, Lillian, died in May. He is survived by their son, Richard; daughters, Gerry Ashley, Janet Schwarze and Jean Edmonds; 11 grandchildren; and 12 great-grandchildren.

"He had greatness and warmth and affection and appreciation," sportscaster Bob Costas, whose career started in St. Louis, told Scripps Howard News Service in 2003. "But there wasn't a specific thing for people to hang their hat on — other than those who really followed him and saw him play.... All he was was incredibly good for an incredibly long time and an unbelievably nice guy."

Thursby is a former Times staff writer.

news.obits@latimes.com

Read More..

Timeline: Kim Dotcom’s year, from Megaupload to Mega

AUCKLAND (Reuters) – Here are the milestones in the past year for Megaupload founder Kim Dotcom. Dotcom plans to launch on January 20 a new online file storage system, known as Mega.

January 20, 2012 – Seventy armed New Zealand police raid Megaupload founder Kim Dotcom’s mansion outside Auckland, acting on a request from the U.S. Federal Bureau of Investigation.

Dotcom and his colleagues Finn Batato, Mathias Ortmann and Bram van der Kolk are served extradition and search warrants, arrested, and taken into custody. As operators of the website, they are charged with online piracy, fraud and money laundering, and their computers and files are seized. Megaupload is closed down. The raid occurs on the same day U.S. lawmakers axe anti-piracy legislation following heavy public opposition.

February 22 – Dotcom is released on bail, but his movements are restricted and he is prohibited from leaving New Zealand. His bail conditions are eventually relaxed to allow him free movement within the country, while the millionaire is given some access to his frozen funds to pay his legal team and living costs.

June 28 – A New Zealand court rules that search warrants used by local police to raid the Dotcom mansion were illegal, and moves by the FBI to copy data from Dotcom’s computers to take offshore were also unlawful. The court’s action is seen by many as weakening the extradition case against Megaupload.

August 16 – U.S. efforts to extradite Dotcom are dealt another blow as a New Zealand court rules that prosecutors must show evidence to support charges of internet piracy and copyright breaches. The judge in the case says withholding evidence from Dotcom would give Washington a significant advantage in the extradition hearing. She also rules that the document used to order his extradition was illegal.

September 27 – New Zealand’s Prime Minister admits that the country’s spy agency illegally carried out surveillance on Dotcom, a resident of the country, despite a law which prohibits monitoring citizens and residents.

October 10 – A U.S. federal judge rules that the U.S. government’s criminal case against Megaupload will proceed, while leaving open the option of dismissing the case at a later date on grounds including the possibility that delays in proceedings have denied Megaupload to its right to due process.

January 20, 2013 – Dotcom is due to launch his new cyberlocker, Mega.co.nz, whose encryption system is designed to offer water-tight privacy protection of user files. The launch comes as Dotcom and his colleagues await their extradition hearing, which has been delayed until August.

(Reporting by Naomi Tajitsu)

Internet News Headlines – Yahoo! News

Title Post: Timeline: Kim Dotcom’s year, from Megaupload to Mega
Url Post: http://www.news.fluser.com/timeline-kim-dotcoms-year-from-megaupload-to-mega/
Link To Post : Timeline: Kim Dotcom’s year, from Megaupload to Mega
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

“Beasts of Southern Wild,” “Les Miz” among Costume Designer Award nominees

LOS ANGELES (TheWrap.com) – Films as diverse as “Beast of the Southern Wild” and “Les Miserables” were among the nominees for the 15th annual Costume Designers Guild Awards announced Thursday by the organization.

Stephani Lewis was nominated for “Beasts” in the contemporary film category, along with Louise Stjernsward for “The Best Exotic Marigold Hotel,” Mark Bridges for “Silver Linings Playbook,” Jany Temime for “Skyfall” and George L. Little for “Zero Dark Thirty.”

Paco Delgado was nominated in the period film group, along with Jacqueline West for “Argo,” Jacqueline Durran for “Anna Karenina,” Joanna Johnston for “Lincoln” and Kasia Walicka-Maimone for “Moonrise Kingdom.”

The winners of the seven competitive awards will be announced at a gala on Tuesday, February 19, at the Beverly Hilton Hotel.

A special Lacoste Spotlight Award will be presented to Anne Hathaway. Producer, writer, comedian and creator of “Saturday Night Live” Lorne Michaels will receive the Distinguished Collaborator Award. Honorary Career Achievement Awards will be presented to costume designers Judianna Makovsky and Eduardo Castro for their outstanding work in film and television.

The other nominees:

Fantasy Film

“Cloud Atlas,” Kym Barret, Pierre-Yves Gayraud;

“The Hunger Games,” Judianna Makovsky;

“Mirror Mirror,” Eiko Ishioka;

“Snow White and the Huntsman,” Colleen Atwood

Contemporary TV Series

“Girls,” Jennifer Rogien;

“Nashville,” Susie DeSanto;

“Revenge,” Jill Ohanneson;

“Smash,” Molly Maginnis;

“Treme,” Alonzo Wilson, Ann Walters

Period/fantasy TV Series

“Boardwalk Empire,” John Dunn, Lisa Padovani;

“Downton Abbey,” Caroline McCall;

“Game of Thrones,” Michele Clapton;

Made for TV Movie or Mini Series

“American Horror Story: Asylum, Season 2,” Lou Eyrich;

“Hatfields & McCoys,” Karri Hutchinson;

“Hemingway & Gellhorn,” Ruth Myers

Commercials

Capital One: Couture, Roseanne Fiedler;

Captain Morgan Black, Judianna Makovsky;

Dos Equis: Most Interesting Man in the World, Julie Vogel

Movies News Headlines – Yahoo! News

Read More..

The Boss: New Leaders Inc. C.E.O. on Giving Children a Chance

I AM the youngest of 10 children in my family, and the only one born in the United States. My father was a municipal judge who fled Haiti during the Duvalier regime. He and my mother settled in the Bedford-Stuyvesant area of Brooklyn, but could not initially afford to bring over my four brothers and five sisters, who stayed in Haiti with relatives.

Jean S. Desravines is the chief executive of New Leaders Inc. in New York.

AGE 41

FAVORITE PASTIMES Karate and taekwondo

MEMORABLE BOOK "How Children Succeed: Grit, Curiosity and the Hidden Power of Character," by Paul Tough

Since he did not speak English fluently, my father worked as a janitor and had a second job as a hospital security guard. He later took a third job driving a taxi at night to pay for my tuition at Nazareth Regional High School, a Roman Catholic school in Brooklyn. My parents were determined that I was going to get a good education, and wanted to keep me away from local troubles, which did claim two of my childhood friends.

Working so many jobs overwhelmed my father. He had a heart attack and died at age 59 behind the wheel of his taxi. My mother found it difficult to cope without my father and moved back to Haiti in 1989 with two of my siblings. I thought I would have to leave school because I had no money for tuition, but Nazareth agreed to pay my way.

I wound up sleeping in my car for almost three months, showering at school after my track team’s practice. I also held down two jobs, both in retailing, and one of my sisters and I rented a basement apartment in East Flatbush.

After graduating from high school in 1990, I attended St. Francis College in Brooklyn, on athletic and academic scholarships. I worked first at the New York City Board of Education, where H. Carl McCall was president, then in his office after he became New York State comptroller. I later worked in the office of Ruth Messinger, then the Manhattan borough president.

I broadened my nonprofit organization experience at the Faith Center for Community Development while earning my master’s of public administration at New York University. I married my high school sweetheart, Melissa, and we now have two children.

In 2001, I began to work toward my original goal — improving educational opportunities for children — and joined the city’s Department of Education. I was later recruited under the new administration of Mayor Michael R. Bloomberg to help start a program as part of his Children First reforms.

In 2003, I became the Department of Education’s executive director for parent and community engagement, and, two years later, senior counselor to Joel I. Klein, then the school chancellor. He taught me a great deal about leadership and how to change the education system. But I began to realize public education could not be transformed without great principals who function like C.E.O.’s of their schools.

So in 2006 I returned to the nonprofit world, to New Leaders, a national organization founded in 2000 to recruit and develop leaders to turn around low-performing public schools. Initially, I managed city partnerships and expanded our program in areas like New Orleans and Charlotte, N.C.

In 2011, I became C.E.O., and revamped our program to produce even stronger student achievement results, streamlined our costs, diversified funding sources and forged new partnerships. We have an annual budget of $31.5 million, which comes from foundations, businesses, individuals and government grants, and a staff of about 200 people at a dozen locations.

We have a new partnership with Pearson Education to provide greater learning opportunities to public school principals. The goal of these efforts is to have a great principal in each of our nation’s public schools — to make sure that, just as I did, all kids get a chance at success.

As told to Elizabeth Olson.

Read More..

Obama loyalists are now Organizing for Action

WASHINGTON — Underscoring its potential to become a political heavyweight, a new advocacy group launched Friday to push President Obama's second-term agenda will be guided by his most-trusted strategists and have access to his reelection campaign's most-prized assets, including its intricately detailed voter databases.

In an email to supporters with the subject line "Say you're in," Obama vowed that the group, Organizing for Action, would be "an unparalleled force in American politics."

"It will work to turn our shared values into legislative action — and it'll empower the next generation of leaders in our movement," the president wrote.

Jim Messina, who managed Obama's 2012 campaign, will be chairman of the board, and longtime Obama advisor David Axelrod will serve as a consultant. David Plouffe, Obama's top political advisor, will also have a role when he leaves the White House, a move expected to happen soon.

"If we can take the enthusiasm and passion that people showed throughout the campaign and channel it into the work ahead of us, we will be unstoppable," Messina wrote in an email to campaign donors.

To accomplish that, however, the organization must avoid the fate of a previous effort Obama officials made in 2009 to transform his first presidential campaign into a permanent advocacy force. That project, the similarly named Organizing for America, was criticized by many Democrats for failing to effectively harness the president's grass-roots supporters.

The new group, unlike its predecessor, will be independent of the Democratic National Committee. It is being run by Jon Carson, who most recently directed the White House Office of Public Engagement. Based in Chicago and Washington, the organization's board is stocked with veteran Obama aides Robert Gibbs, Stephanie Cutter, Jennifer O'Malley Dillon, Erik Smith and Julianna Smoot, as well as technology entrepreneur Frank White, a top campaign fundraiser.

Set up as an tax-exempt advocacy group, Organizing for Action will have freer rein to operate, as well as the ability to deploy the sophisticated databases and software developed for Obama's reelection campaign. The campaign will lease those valuable assets to the advocacy group, retaining control for the foreseeable future.

The arrangement gives Obama allies supervision over the campaign's voter files, technology and email lists, which are coveted by other Democratic candidates and interest groups. The campaign has not yet made any decisions about who else will get access to them.

The decision about how — and if — the campaign's infrastructure will be shared is one of the most pressing questions being raised in Democratic circles in the wake of the group's launch.

"We've never had a presidential campaign that created and retained the kind of information that the Obama 2012 campaign built," said Democratic strategist Steve Hildebrand, who served as a top Obama campaign official in 2008. "So it's going to take more than a few weeks to figure this new environment out and how it should apply to future elections."

Those assets could give other candidates a strong edge, and party strategists warn of a backlash if the Obama campaign does not share its resources. But deciding who would get to use them could be tricky — particularly in the fight for the 2016 Democratic presidential nomination, which could see Vice President Joe Biden competing against Secretary of State Hillary Rodham Clinton.

The current arrangement raises many questions, including whether the campaign will have the funds for the costly project of keeping the files current. "They are a hot commodity right now, but these lists quickly become like stinky cheese," said Steve Rosenthal, a veteran Democratic organizer. "If you don't keep updating them, they have pretty limited value."

Officials said Friday that Organizing for Action, which was set up under the tax code's section 501(c)4 as a nonprofit social welfare organization, will accept unlimited individual and corporate donations but not contributions from lobbyists, similar to the self-imposed rules governing the 2013 Presidential Inaugural Committee.

The organization plans to disclose its donors, as the inaugural committee does, even though tax-exempt advocacy groups are not required to do so. But it remains to be seen how frequently Organizing for Action will share that information and whether it will reveal the amount of the donations.

matea.gold@latimes.com

Read More..

Twitter co-founders move Obvious Corp into spacious new digs

SAN FRANCISCO (Reuters) – Evan Williams and Biz Stone, the co-founders of Twitter, have leased three sprawling floors in a historic downtown San Francisco tower for their low-profile start-up incubator, The Obvious Corporation.

Obvious said Friday it leased 75,000 square feet at the busy 760 Market Street location – known as the Phelan Building – in one of the city’s larger commercial real estate deals in recent months.

The downtown space will be able to hold roughly 500 employees and signals ambitions at Obvious, which was re-constituted when Williams and Stone both left Twitter in 2011.

The incubator, with no more than two dozen employees, has mostly stayed out of the press except when it unveiled two new blogging platforms called Medium and Branch last September.

Although still thinly staffed, Obvious’s new space is larger than start-up Pinterest’s recently inked lease in the city.

“We need the right space from which to grow the Medium team and position Obvious to focus on bringing our new ideas to life,” Obvious CEO Williams said in a statement Friday about the new lease.

The company will occupy the seventh, eighth and ninth floors of the triangular building, which wraps around a central courtyard, said Jenny Haeg, a real estate agent who has brokered leases for Square Inc, Dropbox, Airbnb and other large tech startups.

(Reporting by Gerry Shih; Editing by Bob Burgdorfer)

Internet News Headlines – Yahoo! News

Title Post: Twitter co-founders move Obvious Corp into spacious new digs
Url Post: http://www.news.fluser.com/twitter-co-founders-move-obvious-corp-into-spacious-new-digs/
Link To Post : Twitter co-founders move Obvious Corp into spacious new digs
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

John Powers, author who wrote about growing up Catholic, dies

(Reuters) – John Powers, a U.S. author and motivational speaker who wrote about his experiences growing up Catholic in Chicago including the novel “Do Black Patent Leather Shoes Really Reflect Up?” has died, his family said on Thursday.

Powers, 67, died late Wednesday of natural causes at his home in Lake Geneva, Wisconsin, his daughter Jacey Powers said.

A product of a working-class neighborhood, Powers wrote what he called humorous social portraits in columns to novels, a musical based on “Black Patent Leather Shoes” and more recently wrote and performed one-man shows.

“He cherished every moment and lived with tremendous passion and motivated others to do the same,” Jacey Powers said.

Powers lived the last 25 years in Lake Geneva, spending almost all of his time writing on the front porch, she said.

“He had just finished rewriting his one-man show and wanted to put it up,” Jacey Powers said. “(He) was always looking for new ways to reinvent himself and to find the next challenge and to live life better.”

A self-described “horrible” student at a Catholic high school – his motivational speaking website says he graduated in the bottom 3 percent of his class – he liked to say he was the only student in school history to fail music appreciation.

Powers went on to earn a bachelor’s degree from Loyola University Chicago, and a master’s and doctorate from Northwestern University and became a college professor himself for six years.

Other books by Powers include “The Last Catholic in America” and “The Unoriginal Sinner and the Ice-Cream God.”

Visitation and services are planned for Sunday at The Chapel on the Hill in Lake Geneva.

Powers is survived by his wife, JaNelle Powers, and daughters Jacey Powers and Joy Powers.

(Reporting by David Bailey in Minneapolis; Editing by Lisa Shumaker)

Celebrity News Headlines – Yahoo! News

Title Post: John Powers, author who wrote about growing up Catholic, dies
Url Post: http://www.news.fluser.com/john-powers-author-who-wrote-about-growing-up-catholic-dies/
Link To Post : John Powers, author who wrote about growing up Catholic, dies
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Well: A Great Grain Adventure

This week, the Recipes for Health columnist Martha Rose Shulman asks readers to go beyond wild rice and get adventurous with their grains. She offers new recipes with some unusual grains you may not have ever cooked or eaten. Her recipes this week include:

Millet: Millet can be used in bird seed and animal feed, but the grain is enjoying a renaissance in the United States right now as a great source of gluten-free nutrition. It can be used in savory or sweet foods and, depending on how it’s cooked, can be crunchy or creamy. To avoid mushy millet, Ms. Shulman advises cooking no more than 2/3 cup at a time. Toast the seeds in a little oil first and take care not to stir the millet once you have added the water so you will get a fluffy result.

Triticale: This hearty, toothsome grain is a hybrid made from wheat and rye. It is a good source of phosphorus and a very good source of magnesium. It has a chewy texture and earthy flavor, similar to wheatberries.

Farro: Farro has a nutty flavor and a chewy texture, and holds up well in cooking because it doesn’t get mushy. When using farro in a salad, cook it until you see that the grains have begun to splay so they won’t be too chewy and can absorb the dressing properly.

Buckwheat: Buckwheat isn’t related to wheat and is actually a great gluten-free alternative. Ms. Shulman uses buckwheat soba noodles to add a nutty flavor and wholesomeness to her Skillet Soba Salad.

Here are five new ways to cook with grains.

Skillet Brown Rice, Barley or Triticale Salad With Mushrooms and Endive: Triticale is a hybrid grain made from wheat and rye, but any hearty grain would work in this salad.

---

Skillet Beet and Farro Salad: This hearty winter salad can be a meal or a side dish, and warming it in the skillet makes it particularly comforting.

---

Warm Millet, Carrot and Kale Salad With Curry-Scented Dressing: Millet can be tricky to cook, but if you are careful, you will be rewarded with a fluffy and delicious salad.

---

Skillet Wild Rice, Walnut and Broccoli Salad: Broccoli flowers catch the nutty, lemony dressing in this winter salad.

---

Skillet Soba, Baked Tofu and Green Bean Salad With Spicy Dressing: The nutty flavor of buckwheat soba noodles makes for a delicious salad.

---

Read More..

DealBook: Despite Improving Profits, Morgan Stanley's Path Is Uncertain

8:40 p.m. | Updated

Morgan Stanley has taken aggressive action to bolster profit. Over the last year, the Wall Street bank has cut thousands of employees, sold costly assets and retooled major businesses.

Those efforts worked. In the fourth quarter, Morgan Stanley reported earnings of $481 million, in contrast to a loss of $275 million in 2011. Profit was equally strong for the year.

But the path to future growth is less clear. While the financial firm can find other ways to cut costs, its core operations face significant challenges, from both internal and external forces. Reflecting those issues, revenue was flat last year, excluding charges related to its debt.

“They are doing everything they can to boost returns,” said Glenn Schorr, an analyst at the Japanese bank Nomura. “But given the environment and the state of their franchise, they can only do so much.”

Investors are assessing the progress versus the prospects.

After Morgan Stanley beat analysts’ expectations, the bank’s shares increased nearly 8 percent, to close at $22.38 on Friday. Morgan Stanley’s stock is up nearly 50 percent since early 2012.

“The company has been steadily chipping away at areas of investor concern, and has shown evidence of that progress,” Roger Freeman, a Barclays analyst, wrote in a note to investors.

Still, investors don’t value the investment bank as highly as some of its peers.

Morgan Stanley is trading at approximately 70 percent of its book value, a crucial financial measure that refers to the liquidation value of a company’s assets if it were forced to sell everything. Goldman, in contrast, is trading at book value.

More than four years after the financial crisis, Morgan Stanley has emerged as a much stronger, albeit smaller, bank.

After getting badly bruised during the crisis, Morgan Stanley, under the leadership of James P. Gorman, the chief executive, has moved to remake itself. He has diversified operations, emphasizing less risky businesses like wealth management.

That group was a particular bright spot. In the latest quarter, wealth management, with its 16,780 financial advisers, posted decent revenue growth. Pretax profit margin rose to 17 percent, up from 7 percent a year ago. That trumped the firm’s internal goals of 15 percent.

Investment banking, too, showed signs of strength. The group posted revenue of $1.23 billion in the fourth quarter, up 26 percent from the previous year.

The bank has also cut expenses significantly to help drive profitability. In 2012, Morgan Stanley reduced its head count by 7 percent, to 57,061 employees. It laid off 1,600 people this month.

The firm has also been bringing its pay levels down modestly. The firm’s compensation ratio, excluding certain charges, came in at roughly 51 percent, down from 57 percent a year ago.

Such efforts will most likely continue. On Friday, the bank said it might cut expenses by as much as $1.6 billion over the next two years.

Mr. Gorman called this quarter “pivotal,” on Friday. “I am confident we are on the path to increasing shareholder value that will be evident regardless of the macro environment,” he said in a statement.

Even so, the latest results underscored the growing gap between the bank and its rivals.

Revenue was flat for the quarter at Morgan Stanley, while it increased by 19 percent at Goldman Sachs during the same period. Excluding charges related to its debt, Morgan Stanley’s return on equity, a measure of profitability, was 5 percent. That compares with 10.7 percent at Goldman. To simply cover its debt expenses and other capital costs, Morgan Stanley needs to achieve a return on equity closer to 10 percent.

The firm’s problem child is the fixed income department.

Fourth-quarter revenue from fixed income sales and trading, headed by Ken deRegt, was $811 million, excluding the charges related to the firm’s debt. This was well below analysts’ forecasts. The bank was hurt by poor results in commodities trading, Mr. Gorman said in an interview on CNBC. He said it was a “terrible quarter,” citing factors like Hurricane Sandy, adding that it was one of the worst for the commodities business since 1995.

Despite its successes, Morgan Stanley faces a tough road.

The bank, which has had its credit rating cut deeper than its rivals, is also adjusting to a new regulatory environment. It now has to put up more capital against its operations, forcing the bank to leave certain businesses, reducing profitability.

Morgan Stanley is also trying to build market share in less-capital-intensive businesses like interest rates trading. But it is a highly competitive area, with lower margins.

“They have made some clear progress, but still have their work cut out for them in fixed income,” said Mr. Schorr of Nomura.

Read More..

White House launches campaign for support of gun control measures

WASHINGTON — A day after President Obama announced a wide-ranging series of gun-control initiatives, the administration kicked off its campaign to create public support and pressure lawmakers to pass the most comprehensive legislation since the mid-1990s.

"We're going to take this fight to the halls of Congress. We're going to take it beyond that," Vice President Joe Biden told the U.S. Conference of Mayors on Thursday. "We're going to take it to the American people. We're going to go around the country making our case, and we're going to let the voice of the American people be heard."

The administration will use Obama's fearsome campaign infrastructure to try to galvanize supporters around an issue that faces a protracted fight on Capitol Hill. To do so, the administration will pit its own grass-roots network against gun-rights groups, such as the National Rifle Assn.

"If you think we've suffered too much pain to allow this to continue, put down the paper, turn off the computer, and get your members of Congress on record," Obama wrote in an opinion piece in the Connecticut Post. "Ask them why getting an A-grade from the gun lobby is more important than giving parents some peace of mind when they drop their child off for first grade."

The newspaper is based in Bridgeport, near Newtown, the site of last month's school shooting that left 20 children and six staff members dead and set off calls for new gun laws.

The mobilization efforts by the president's campaign committee began in earnest Thursday, with campaign manager Jim Messina emailing supporters an online petition and urging them to "stand with the president."

Biden, in his speech to the mayors, acknowledged that there may not be "absolute unanimity" on how to mitigate gun violence, but emphasized consensus.

"Everyone acknowledges we have to do something.... I hope we all agree that mass shootings like the ones that we witnessed in Newtown 34 days ago cannot continue to be tolerated," he said.

Biden outlined many of the initiatives announced by Obama on Wednesday, including administrative actions to improve federal research on gun-related violence and to direct the attorney general to reevaluate the categories of people who should be prohibited from owning a gun. And he made a forceful pitch for the policies that must pass Congress, including a universal background-check system for every gun sale and a ban on high-capacity magazines.

"High-capacity magazines don't have a practical sporting purpose or hunting purpose. As one hunter told me, if you got 12 rounds, it means you've already missed the deer 11 times," Biden said. "You should pack the sucker in at that point."

But Biden spent much less time speaking about an assault weapons ban, which will face stiff opposition in Congress. He also contended that the gun industry would exploit any loopholes in a new law to continue to manufacture the weapons.

"I know as well as anyone, having written the first assault weapons ban, that the industry will do whatever it can to get around it, and they'll figure out a way," the vice president said. "But I also know we have to try."

Chris Koos, the mayor of Normal, Ill., said a "surprising" number of his constituents have voiced support for an assault weapons ban. "I thought there'd be some push-back," Koos said, in his city of 52,000 people in a rural region. But he said Vietnam veterans have been particularly outspoken in their support for a ban, having used similar firearms in combat.

"They know what they are for," Koos said.

But Betsy Price, mayor of Fort Worth, Texas, said most residents of her city were opposed to bans on assault weapons or high-capacity magazines.

"Good, outstanding citizens really want to keep their guns," she said.

But Price praised the president's efforts to improve mental health treatment and record-keeping, especially the executive action informing healthcare providers that they are not prevented from sharing relevant information about people who are prohibited from owning guns for mental health reasons.

Biden took pains to assert that the White House respected the 2nd Amendment.

Omaha Mayor Jim Suttle said that message may resonate in his state. "Nebraska is certainly a very, very conservative state. A red state, solid. But when you start polling people, particularly my constituents, you start seeing there is a public concern about the gun violence," he said.

"That's what the vice president is trying to do," Suttle said. "He's saying, 'Hey, the 2nd Amendment is your right. It's our right. Let's move on to the other aspects.'"

Dick Moore, the mayor of Elkhart, Ind., said Biden's choice for his first day on the stump was a savvy one. "He just sent a whole bunch of emissaries back home with what he said," Moore said. "Whether you're for or you're against, you get the word around the country pretty fast this way."

melanie.mason@latimes.com

Read More..

Ex-Red Sox pitcher Schilling puts bloody sock up for auction after video game company collapse

PROVIDENCE, R.I. – Former Boston Red Sox pitcher Curt Schilling — whose video game company underwent a spectacular collapse into bankruptcy last year — is selling the blood-stained sock he wore during the 2004 World Series.

Chris Ivy, director of sports for Texas-based Heritage Auctions, says online bidding begins around Feb. 4. Live bidding will take place Feb. 23.

The sock previously had been on loan to the National Baseball Hall of Fame and Museum. It has been at Heritage’s Dallas headquarters for several weeks and will be displayed at the auction house’s Manhattan office before it is sold, according to Ivy.

He said the sock is expected to fetch at least $ 100,000, though he described that as a conservative estimate.

“I do expect the bidding to be very spirited,” Ivy said.

Schilling’s company, 38 Studios, was lured to Providence, R.I., from Massachusetts with a $ 75 million loan guarantee in 2010. In May, it laid off all its employees and it filed for bankruptcy in June. The state is now likely responsible for some $ 100 million related to the deal, including interest.

Schilling also had personally guaranteed loans to the company and listed the sock as bank collateral in a September filing with the Massachusetts secretary of state’s office.

Messages left for his publicist were not immediately returned.

The bloody sock is one of two that sent Schilling into the annals of baseball lore in 2004.

The other was from Game 6 of the American League Championship Series, when Schilling pitched against the New York Yankees with an injured ankle. That sock is said to have been discarded in the trash at Yankees Stadium.

The one being sold is from the second game of the World Series, which the Red Sox won that year for the first time in 86 years.

Schilling has said he invested as much as $ 50 million in 38 Studios and has lost all his baseball earnings. He told WEEI-AM in Boston last year that possibly having to sell the sock was part of “having to pay for your mistakes.”

“I’m obligated to try and make amends and, unfortunately, this is one of the byproducts of that,” he told the station.

Brad Horn, a spokesman for the hall of fame in Cooperstown, N.Y., said the loaned sock was returned in December under the terms of the hall’s agreement with Schilling. The hall had had it since 2004.

The Feb. 23 live bidding will be held at the Fletcher-Sinclair mansion in New York City, now home to the Ukrainian Institute of America. The auction will feature other “five- and six-figure items,” including a jersey and cap worn by New York Yankees great Lou Gehrig, Ivy said.

Heritage last May auctioned off the so-called “Bill Buckner ball,” which rolled through the legs of the Red Sox first baseman in the 1986 World Series. Ivy said that item, like Schilling’s sock, was listed at the time as being expected to bring in “$ 100,000-plus,” but it was sold to an anonymous bidder for $ 418,000.

Gaming News Headlines – Yahoo! News

Read More..

Eclectic opening for Sundance with films about Mideast, Chile, U.S. Southwest

PARK CITY, Utah (Reuters) – The Sundance Film Festival opens Thursday with movies and documentaries from around the world, including a feature that examines the cultural divide between the Middle East and the United States.

The 10-day Sundance Film Festival, founded by actor-director Robert Redford and now in its 35th year, will showcase 119 films from 32 countries.

“May in the Summer,” the U.S. dramatic competition opener, comes from writer-director Cherien Dabis, who caught the eye of Sundance organizers in 2009 with her directorial debut “Amreeka,” about a Palestinian family‘s experiences living in post 9/11 America.

Palestinian-American Dabis, 36, reverses the perspective on the Middle East, showing a Jordanian woman who has established a successful life in America but undergoes an identity crisis when she returns to her family in Jordan to plan her wedding.

“May in the Summer” will join U.S. documentary “Twenty Feet from Stardom” about back-up singers, Chilean drama “Crystal Fairy,” “Who is Dayani Cristal,” about a mysterious corpse found in the Arizona desert, and five short films as part of the opening day roster at the world’s leading independent film festival.

“We want the kind of films that will really set the tone for the rest of the festival. Those four films do that perfectly. They’re very different in what they are, but they collectively represent what’s going to be unfolding over the next days,” festival director John Cooper told Reuters.

OPENING UP TO THE WORLD

Festival organizers are making efforts this year to encourage more international stories and filmmakers to come to Sundance.

“They saw the value in the continuing changing world we live in and that even American stories are coming from all over the world,” Dabis said.

“The movie is a universal story that’s set in the Middle East, and we all know the Middle East is a place where we all need to expand our perceptions of what life is like there,” she added.

Sundance founder Robert Redford said the festival was all about encouraging diversity in filmmaking.

“As long as we go forward and we adapt to change, we keep in touch with our original purpose which is simply to support and develop new voices to be seen and heard,” Redford told reporters at a news conference on Thursday.

In addition to the usual film competition and premiere categories, festival organizers have expanded their slate of edgier films and projects, including actor James Franco’s sexually explicit films “kink” and “Interior. Leather Bar.”

There is also a thriving short film initiative, with more than 40 films showcased.

Outside of the films, Sundance has become a hot spot for the film industry to escape the hustle of Hollywood’s awards season and relax in Sundance’s more relaxed vibe.

Live music will feature prominently, with a spotlight on electronic dance music and four pop-up clubs featuring DJs such as Nero and Afrojack.

VIPs can take private snowboarding lessons or take part in the culinary event ChefDance, in a fusion of food and film.

(Reporting By Piya Sinha-Roy, editing by Jill Serjeant and Cynthia Osterman)

Movies News Headlines – Yahoo! News

Read More..

Chinese Economy Picks Up Steam in Last Quarter

HONG KONG — The giant Chinese economy picked up some steam during the last few months of 2012, closely watched data from Beijing on Friday confirmed. But at the same time the figures underlined the view that the pace of future growth is likely to remain well below that seen in recent years.

China’s gross domestic product expanded 7.9 percent during the final quarter of last year, compared to a year earlier — slightly better than expectations, and significantly above the 7.4 percent pace recorded during the previous quarter.

Separate data for the month of December also came in a touch better than analysts had forecast: Retail sales expanded 15.2 percent from a year earlier, and industrial output grew 10.3 percent. Both figures were slightly better than those recorded in November, and helped lift stock markets in mainland China and Hong Kong on Friday.

China’s mild re-acceleration has been helped by a gradual recovery in overseas demand for Chinese-made goods in recent months, as well as a string of economic stimulus measures that helped dissipate earlier concerns that China might be headed for a “hard landing” during 2012.

At the same time however, the batch of data released by the Chinese statistics bureau on Friday also underlined that China’s once red-hot economy has now settled into a much lower pace of expansion.

The head of the statistics authority, Ma Jiantang, acknowledged as much at a press conference in Beijing: “I think you could use these two sentences to give a relatively concise assessment of economic performance in 2012,” he said. “First, national economic performance maintained stability while slowing; second, economic and social development made advances while maintaining stability.”

Annual expansion has slowed to around 8 percent — the pace for 2012 was 7.8 percent, according to Friday’s data, and many analysts expect a similar or slightly better pace for 2013 — far below the double-digit rates it enjoyed in the past.

Moreover, analysts believe the pace is likely to slow even further over the coming decade as the authorities pursue a shift towards higher-quality growth, and grapple with the gradual aging of the country’s population.

Friday’s data confirmed “that the worst is probably over for the economy and that China has avoided a hard landing. But it is quite a narrow escape,” commented Xianfang Ren, an economist at IHS Global Insight in Beijing, in a note. “The economy will likely be wiggling within quite a narrow band of growth rates in 2013, as the upside pull only marginally outweighs the downside drag.”

Chris Buckley contributed reporting.

Read More..

State agency says U.S. removed wildlife habitat without permit

A state regulatory agency Wednesday said the U.S. Army Corps of Engineers failed to obtain a required permit before it removed 43 acres of wildlife habitat in the Sepulveda Basin and filled in a pond used by migrating waterfowl.

The Los Angeles Regional Water Quality Control Board has directed the Army Corps to provide information by Feb. 11 about its decision to eliminate woodlands and potentially foul the Los Angeles River with sediment. Sepulveda Basin is an engineered flood control zone for the river.

"The corps did not notify us before it proceeded to destroy wetlands, and that is a great concern to us," said Maria Mehranian, chairwoman of the water quality control board. "The federal Clean Water Act requires anyone working in wetlands to obtain a permit from us. They failed to do so."

The board will determine later whether enforcement actions are needed to prevent such unauthorized activities in the future, the agency said in a letter to the corps.

Col. Mark Toy, head of the corps' Los Angeles District, was unavailable for comment. But corps spokesman Jay Field said, "We are working with the Regional Water Quality Control Board to provide information we believe will address any concerns."

Separately, U.S. Fish and Wildlife Service authorities are looking into possible violations of endangered species protections in the Sepulveda Basin.

On Dec. 10, corps crews cut down the swath of basin greenery just west of Interstate 405 and south of Burbank Boulevard, destroying what had been a lush urban refuge for kingsnakes, bobcats and white pelicans.

The area existed for three decades as a designated wildlife preserve. In 2010 it was reclassified as a corps "vegetation management area" and given a new five-year mission of replacing trees and shrubs with native grasses as part of an effort to improve access for corps staffers, increase public safety and discourage crime.

The management plan has been temporarily halted, pending the outcome of ongoing discussions with the San Fernando Valley Audubon Society and the Sepulveda Basin Wildlife Areas Steering Committee.

Toy has spent much of the last two weeks meeting privately with critics of the project including the Audubon Society, Sierra Club and state Sens. Kevin De Leon (D-Los Angeles) and Fran Pavley (D-Agoura Hills).

On Tuesday, San Fernando Valley Audubon Society President Dave Weeshoff and Conservation Chairman Kris Ohlenkamp asked corps officials in the Pentagon to revoke the 2010 plan and replace it with a new project designed to "return the area to a diverse native habitat that supports wildlife and fulfills the public's need for a natural outdoor experience in the middle of the city."

louis.sahagun@latimes.com

Read More..

Commentary: Background Checks? Yes, but Leave Video Games Alone

COMMENTARY | I have mixed feelings toward the White House‘s gun violence response. I agree that background checks should be required before people are allowed to buy a firearm and that an assault weapon ban should be reinstated into law. While limiting the number of bullets in a weapon’s magazine will decrease the number of deaths in a mass shooting, the public does not need high-capacity magazines. Therefore any weapon using high-capacity magazines should be banned from public use, not just capping the magazines to 10 bullets.

But violent video games and other media images and scenes real-life violence? These media do not kill people. The shooters kill the people. Those who are mentally unstable may not understand that violent video games are not real life and should not be duplicated in real life. As long as gamers understand the difference between video games and real life, that shouldn’t be touched.

– Edmond, Okla.

Gaming News Headlines – Yahoo! News

Title Post: Commentary: Background Checks? Yes, but Leave Video Games Alone
Url Post: http://www.news.fluser.com/commentary-background-checks-yes-but-leave-video-games-alone/
Link To Post : Commentary: Background Checks? Yes, but Leave Video Games Alone
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Pregnant Kim Kardashian wants to be more private

NEW YORK (AP) — As the tabloids speculated about whether Jessica Simpson is expecting again (she is) and the media zeroed in on Kate Middleton‘s acute morning sickness, Kim Kardashian says it was nice to be out of the media spotlight during the early stages of her pregnancy.

“I’m obviously so happy for them, but if anything I loved the privacy,” the 32-year-old reality TV star said in an interview Wednesday.

That bit of privacy went out the window when Kardashian’s boyfriend, Kanye West, revealed during a Dec. 30 concert in Atlantic City, N.J., that they are expecting their first child together.

Now that the word is out, Kardashian says her motherly instincts have made her pull back from being so open about her personal life.

“I think that definitely kicks in where you’re like, ‘OK, I have to go in protect mode,’ and as ironic as it sounds, you live your life on a reality show but then when you grow up … certain things change your life that make you want to be more private and this is definitely one of them.”

The couple went public with their relationship in March.

Kardashian married NBA player Kris Humphries in August 2011 and their divorce is not finalized.

West rarely grants interviews, and the 35-year-old rapper is the ying to the Kardashian family’s “out there” yang. Kardashian says she is somewhat influenced by West’s approach.

“When you spend time with someone, you learn things from them, so I see what (his) views are in wanting to be private, so that’s a choice we make together as a family just in how we’re gonna raise our kid,” she said. “… But my personal experience of having really open relationships on the show, I’ve done that, and for me I feel like I got really scrutinized when people didn’t maybe understand my decisions at some point, so I feel like after that experience I’ve become more private more so than just like Kanye’s views or anything.”

Kardashian is due in July.

A new season of her reality show with her sister Kourtney, “Kourtney and Kim Take Miami,” premieres Sunday on E! (9 p.m. EST).

___

Online:

http://www.eonline.com/shows/kourtney_and_kim_take_miami

___

Alicia Rancilio covers entertainment for The Associated Press. Follow her online at http://www.twitter.com/aliciar

Entertainment News Headlines – Yahoo! News

Title Post: Pregnant Kim Kardashian wants to be more private
Url Post: http://www.news.fluser.com/pregnant-kim-kardashian-wants-to-be-more-private/
Link To Post : Pregnant Kim Kardashian wants to be more private
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Some With Autism Diagnosis Can Recover, Study Finds

Doctors have long believed that disabling autistic disorders last a lifetime, but a new study has found that some children who exhibit signature symptoms of the disorder recover completely.

The study, posted online on Wednesday by the Journal of Child Psychology and Psychiatry, is the largest to date of such extraordinary cases and is likely to alter the way that scientists and parents think and talk about autism, experts said.

Researchers on Wednesday cautioned against false hope. The findings suggest that the so-called autism spectrum contains a small but significant group who make big improvements in behavioral therapy for unknown, perhaps biological reasons, but that most children show much smaller gains. Doctors have no way to predict which children will do well.

Researchers have long known that between 1 and 20 percent of children given an autism diagnosis no longer qualify for one a few years or more later. They have suspected that in most cases the diagnosis was mistaken; the rate of autism diagnosis has ballooned over the past two decades, and some research suggests that it has been loosely applied.

The new study should put some of that skepticism to rest.

“This is the first solid science to address this question of possible recovery, and I think it has big implications,” said Sally Ozonoff of the MIND Institute at the University of California, Davis, who was not involved in the research. “I know many of us as would rather have had our tooth pulled than use the word ‘recover,’ it was so unscientific. Now we can use it, though I think we need to stress that it’s rare.”

She and other experts said the findings strongly supported the value of early diagnosis and treatment.

In the study, a team led by Deborah Fein of the University of Connecticut at Storrs recruited 34 people who had been diagnosed before the age of 5 and no longer had any symptoms. They ranged in age from 8 to 21 years old and early in their development were in the higher-than-average range of the autism spectrum. The team conducted extensive testing of its own, including interviews with parents in some cases, to gauge current social and communication skills.

The debate over whether recovery is possible has simmered for decades and peaked in 1987, when the pioneering autism researcher O. Ivar Lovaas reported that 47 percent of children with the diagnosis showed full recovery after undergoing a therapy he had devised. This therapy, a behavioral approach in which increments of learned skills garner small rewards, is the basis for the most effective approach used today; still, many were skeptical and questioned his definition of recovery.

Dr. Fein and her team used standardized, widely used measures and found no differences between the group of 34 formerly diagnosed people and a group of 34 matched control subjects who had never had a diagnosis.

“They no longer qualified for the diagnosis,” said Dr. Fein, whose co-authors include researchers from Queens University in Kingston, Ontario; Children’s Hospital of Philadelphia; the Institute of Living in Hartford; and the Child Mind Institute in New York. “I want to stress to parents that it’s a minority of kids who are able to do this, and no one should think they somehow missed the boat if they don’t get this outcome.”

On measures of social and communication skills, the recovered group scored significantly better than 44 peers who had a diagnosis of high-functioning autism or Asperger’s syndrome.

Dr. Fein emphasized the importance of behavioral therapy. “These people did not just grow out of their autism,” she said. “I have been treating children for 40 years and never seen improvements like this unless therapists and parents put in years of work.”

The team plans further research to learn more about those who are able to recover. No one knows which ingredients or therapies are most effective, if any, or if there are patterns of behavior or biological markers that predict such success.

“Some children who do well become quite independent as adults but have significant anxiety and depression and are sometimes suicidal,” said Dr. Fred Volkmar, the director of the Child Study Center at the Yale University School of Medicine. There are no studies of this group, he said.

That, because of the new study, is about to change.

Read More..

DealBook: H.P. Said to Have Suitors for Two Units

Hewlett-Packard has received a number of inquiries from would-be buyers for its Autonomy and Electronic Data Systems units in recent weeks, though the technology company isn’t interested in selling at the moment, a person briefed on the matter said on Wednesday.

The volume of calls from potential suitors and bankers picked up after H.P. filed its annual report with regulators on Dec. 28, this person said. In the securities filing, the company said, “We also continue to evaluate the potential disposition of assets and businesses that may no longer help us meet our objectives.”

That is fairly standard legal boilerplate. But H.P. has been struggling with poor performance at both Autonomy and E.D.S., having significantly written down the value of those acquisitions. The company has also claimed to have found accounting and disclosure issues at Autonomy, and has forwarded findings from an internal inquiry to securities regulators in the United States and the division’s home in Britain.

Some of the expressions of interest may also have arisen amid the sudden flurry of news coverage surrounding a potential leveraged buyout of Dell.

Still, H.P.’s management team, led by its chief executive, Meg Whitman, is not interested in selling what it considers to be “core” businesses. The company is focused on growing its enterprise business, which sells software and services to corporate clients.

Shares in H.P. were up 3 percent by late afternoon on Wednesday, to $17.03, after The Wall Street Journal reported news of the inquiries. The company’s stock remains down some 35 percent for the last 12 months.

Read More..

December home prices jump 19.6% in Southern California

Southern California¿s housing market ended last year with sharp home-price gains and the highest sales for a December in three years.

Southern California's housing market ended the year with sharp gains, rounding out the first solid year of sustained improvement after nearly five years of real estate malaise — and helping set up further improvement in 2013.

The region's median home price registered a sizable 19.6% pop in December compared with the same month last year to hit $323,000, real estate firm DataQuick reported Tuesday. A record level of cash buyers flooded into the market and more move-up homes sold last month.

While Southland housing is on the mend, the steep increase in the region's median price last month probably reflects a variety of factors, such as the mix of what sold in December, and the run-up may not continue at that brisk pace, experts said. The median is the point at which half the homes in the region sold for more and half for less.

"There is no possible way that number can be sustained nor should anybody look at that as a long-term trend," said Stuart Gabriel, director of the Ziman Center for Real Estate at UCLA. "We haven't shifted from bust back to bubble, and nobody should think we have, and nor likely will we."

When compared with the prior month, the median was essentially flat, up only 0.6%. San Bernardino and Riverside counties posted the strongest year-over-year increases, up 20.0% and 19.1%, respectively, indicating that the once hard-hit Inland Empire is now probably in recovery.

The median is heavily influenced by the types of homes selling, and some of last month's pricier sales may have been driven by fears of increased tax burdens on the wealthy, as Washington wrangled with the "fiscal cliff" negotiations.

A rise in prices will mean more homeowners who had been underwater — owing more on their mortgages than their homes are worth, a condition also known as negative equity — can now put their properties on the market. That would help ease the region's inventory squeeze, which is another major factor driving up prices.

Last year was the first year of solid improvement since housing crashed in 2007. The strong performance last month indicates that 2013 will continue to bring home price gains, analysts said.

"Our forecast over the next 12 months is for equally strong appreciation," Zillow.com chief economist Stan Humphries said. "Even though we have got a lot of homes still in negative equity in Southern California, the tight inventory is definitely creating some price appreciation."

An estimated total of 20,274 new and previously owned homes and condominiums sold throughout the six-county region in December. That was a 5.1% increase from November and up 5.3% from December 2011. Last month's tally was the highest for a December since 2009.

The 2012 housing rebound came after foreclosures declined, housing inventory plummeted, mortgage interest rates hit record lows and demand from investors surged last year.

In addition, the overhang of the last housing bust resulted in some unexpected benefits.

For instance, the high number of underwater borrowers actually served as a boost to the market rather than being a drag, as people kept their homes off the market, decreasing inventory.

"The lock-out phenomenon, combined with the rise in investors converting foreclosures into rentals, led to a lack of for-sale inventory," CoreLogic economist Sam Khater wrote in a research note. "With home prices rising in 2012 and 2013, tight for-sale inventory will begin to ease."

Nationally, CoreLogic reported that home prices were on a sharp upward trajectory in November, with almost all states posting gains that month. The firm's home price index report, also released Tuesday, showed that home prices nationwide increased 7.4% year-over-year.

"Consistent price increases throughout 2012 have started the process of lifting households out of negative equity, which will support home sales and refinancing volumes," Paul Diggle, an economist for Capital Economics, wrote in an emailed analysis. "Lower levels of negative equity is good news for housing market activity and sets up a virtuous circle of rising activity leading to rising prices and pushing negative equity down further."

In California, buyers can anticipate a tight market in the near term. A supply of only about 2 1/2 months' worth of single-family homes for sale was available statewide at the end of December, the California Assn. of Realtors reported Tuesday. A supply of six or seven months is considered healthy by most economists.

Supply from distressed sales, particularly from foreclosed homes, will remain limited as those homes are being quickly snapped up by investors while the number of troubled borrowers entering foreclosure continues to decline. The number of notices of default — the first step in the formal foreclosure process — fell 14.5% in December from November and dropped 39.8% from December 2011, according to foreclosure tracker ForeclosureRadar.com.

The decline in foreclosures has been aided by an increase in short sales, as The Times recently reported, as well as other loan aid for borrowers. The drop in foreclosures should continue to help lift prices.

"For 2013, we largely expect more of the same," Sean O'Toole, chief executive of ForeclosureRadar, wrote in a blog post this week. "Demand will remain strong thanks to Federal Reserve-manipulated low interest rates and affordability. Housing supply will remain constrained, largely due to government foreclosure intervention. As a result, prices will rise, though likely at a slower pace."

The increase in the median home price in Southern California reflects market dynamics as fewer sales are logged in cheaper neighborhoods and pricier places take off.

Throughout Southern California, sales of mid-to-higher-cost markets rose in December, DataQuick reported. Sales of homes between $300,000 and $800,000, the typical move-up range, jumped 31.4% year-over-year. Sales of homes above $500,000 soared 40.0% year-over-year, while sales of homes of more than $800,000 were up 36.3%.

Meanwhile, cheaper neighborhoods posted weak sales. Most notably, the number of homes throughout the region that sold below $200,000 dropped 28.1% while those below $300,000 fell 18.2%.

Sales of foreclosed homes made up just 14.8% of the market last month, down from 15.4% the month before and 32.4% in December 2011. That compares with a high of 56.7% of the market in February 2009.

Cash buyers and investors are playing a big part in snapping up home inventory. Cash buyers bought up 33.8% of all resale homes last month, while absentee buyers purchased 29.1% of Southland homes in December, DataQuick said.

alejandro.lazo@latimes.com

Read More..

Tablet Too Small? Try Lenovo’s 27-Inch ‘Table PC’

Google’s aptly-named Nexus 7 tablet made a splash when it debuted last year, at $ 199 and with a screen 7 inches across. Apple soon released its own iPad Mini to join the increasingly crowded world of miniature tablets, which — at about half the size of a regular iPad — are so small as to be pocketable.

Other manufacturers, however, aren’t taking the “smaller is better” route. Microsoft‘s Surface tablet debuted with a 10.6-inch screen, almost an inch across more than the iPad. And now at the recent Consumer Electronics Show, at least two companies were showing off “tablets” the size of an HDTV.

The “IdeaCentre Horizon Table PC”

That’s the actual name of Lenovo‘s new product, which Lenovo is calling an “interpersonal PC” (yes, that is an interpersonal Personal Computer, in case you were wondering). It’s a Windows 8 tablet, with a screen 27 inches across. It can apparently serve as an iMac-style, all-in-one desktop just fine, but Lenovo wants people to use it flat on their tables, like in a promo video which evokes the original Microsoft Surface.

A $ 10,000 bathtub

That’s basically what the first Surface amounted to — the Microsoft prototype of years ago, which never saw widespread use. It was a super-expensive, bathtub-sized table, with a Windows Vista PC inside and a camera array which optically scanned its top surface. It wasn’t a true touchscreen, in other words, so much as an expensive hack that was mostly just good for demos and reminding people of the desks in “Tron.”

Lenovo’s “Table PC” is smaller than that Surface, but will also be a lot cheaper when it comes out “beginning in early summer,” at $ 1,699. And like in those giddy tech demos, it’s designed for multiple people to use it at once; for things like sorting through vacation photos, or even playing animated digital board games, using physical accessories like special dice. (Lenovo calls this sort of hybrid activity “phygital,” a name which probably won’t catch on.)

What about the games and apps?

Thanks to Microsoft’s push for developers to make tablet apps, the Windows Market is starting to fill with touch titles. Lenovo is mostly pushing its own shop, however, run in partnership with Intel, which has “5,000+ multi-user entertainment apps.” It’s not clear how many of those are actually designed for the Horizon Table PC, but it comes with a selection of entertainment and children’s titles, and with the built-in BlueStacks player it should be able to run certain Android apps as well.

Is 27 inches a little too big?

The Asus Transformer AiO, also shown off at CES, is based on a similar concept. It’s an 18.4-inch all-in-one Windows 8 PC, where the screen can detach and become a huge (but not as huge) tablet. Most of the hardware is in the base station, but it can connect to it wirelessly inside the home, Wii U style. It also converts to an Android tablet, for use separate from the base station.

Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.

Linux/Open Source News Headlines – Yahoo! News

Title Post: Tablet Too Small? Try Lenovo’s 27-Inch ‘Table PC’
Url Post: http://www.news.fluser.com/tablet-too-small-try-lenovos-27-inch-table-pc/
Link To Post : Tablet Too Small? Try Lenovo’s 27-Inch ‘Table PC’
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Americans favor “Lincoln” for top Oscars: poll

NEW YORK (Reuters) – Director Ben Affleck and “Argo” may have been the big winners at the Golden Globes, but many Americans think Steven Spielberg and “Lincoln” should take home the top Oscars at next month’s awards.

Nearly a quarter of Americans questioned in an Ipsos poll for Reuters thought the Civil War drama “Lincoln” should win the Oscar for best picture at the 85th Academy Awards in Los Angeles on February 24. Spielberg was also their top choice for best director, with 36 percent choosing him.

Only 4 percent of Americans thought “Argo,” which depicts the rescue of American diplomats in Iran in the 1970s, should win the Academy Award for best picture.

The poll results have little if any implication for who will ultimately win the Oscars, which are voted on by movie industry professionals.

The Golden Globes are sometimes looked to for hints on the eventual Oscar victors, the biggest prizes in the film industry, as many Globe winners have gone on to Oscars success. But Affleck is not even in the running for best director after he was snubbed by the Academy of Motion Picture Arts and Sciences which announced its nominations last week.

Americans chose Daniel Day-Lewis as their clear favorite to follow up his Golden Globe win for his portrayal of Abraham Lincoln with a best actor Oscar.

Twenty-two percent chose him over Denzel Washington in “Flight,” who polled 16 percent while Hugh Jackman, who won a Golden Globe for his role in the musical “Les Miserables” was third.

But the choice for best actress was less clear cut. Twelve percent of the 1,158 Americans polled voted for Naomi Watts as the distraught mother in the tsunami drama “The Impossible,” followed by 10 percent for Jennifer Lawrence in “Silver Linings Playbook” and 9 percent for Jessica Chastain in the search for Osama Bin Laden thriller, “Zero Dark Thirty.”

Lawrence won the Golden Globe on Sunday for best actress in a comedy or musical, while Chastain took home the prize for best actress in a drama.

“Lincoln” was also the top choice in the poll for the supporting categories, with Tommy Lee Jones and Sally Field favorites for their performances in the film.

Comedians Tina Fey and Amy Poehler, who won praise for their first stint hosting the Golden Globes, will be a hard act to follow but 42 percent of Americans approved of the choice of outspoken comedian and creator of “Family Guy” Seth MacFarlane to helm the Academy Awards.

If given the opportunity to select the host for the Oscars, 15 of people said they would opt for comedian Billy Crystal, followed by 12 percent who chose Ellen DeGeneres while 10 percent wanted Steve Martin.

To view the full poll results go to http://link.reuters.com/deh35t

The poll, which was conducted online from January 11-15, has a credibility interval of plus or minus 3.3 percentage points.

(Reporting by Patricia Reaney; editing by Cynthia Osterman)

Movies News Headlines – Yahoo! News

Title Post: Americans favor “Lincoln” for top Oscars: poll
Url Post: http://www.news.fluser.com/americans-favor-lincoln-for-top-oscars-poll/
Link To Post : Americans favor “Lincoln” for top Oscars: poll
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment

Read More..

Breaking Link of Violence and Mental Illness

No one but a deeply disturbed individual marches into an elementary school or a movie theater and guns down random, innocent people.

That hard fact drives the public longing for a mental health system that produces clear warning signals and can somehow stop the violence. And it is now fueling a surge in legislative activity, in Washington and New York.

But these proposed changes and others like them may backfire and only reveal how broken the system is, experts said.

“Anytime you have one of these tragic cases like Newtown, it’s going to expose deficiencies in the mental health system, and provide some opportunity for reform,” said Richard J. Bonnie, a professor of public policy at the University of Virginia’s law school who led a state commission that overhauled policies after the 2007 Virginia Tech shootings that left 33 people dead. “But you have to be very careful not to overreact.”

New York State legislators on Tuesday passed a gun bill that would require therapists to report to the authorities any client thought to be “likely to engage in” violent behavior; under the law, the police would confiscate any weapons the person had.

And in Washington, lawmakers said that President Obama was considering a range of actions as part of a plan to reduce gun violence, including more sharing of records between mental health and law enforcement agencies.

The White House plan to make use of mental health data was still taking shape late Tuesday. But several ideas being discussed — including the reporting provision in the New York gun law — are deeply contentious and transcend political differences.

Some advocates favored the reporting provision as having the potential to prevent a massacre. Among them was D. J. Jaffe, founder of the Mental Illness Policy Org., which pushes for more aggressive treatment policies. Some mass killers “were seen by mental health professionals who did not have to report their illness or that they were becoming dangerous and they went on to kill,” he said.

Yet many patient advocates and therapists strongly disagreed, saying it would intrude into the doctor-patient relationship in a way that could dissuade troubled people from speaking their minds, and complicate the many judgment calls therapists already have to make.

The New York statute requires doctors and other mental health professionals to report any person who “is likely to engage in conduct that would result in serious harm to self or others.”

Under current ethical guidelines, only involuntary hospitalizations (and direct threats made by patients) are reported to the authorities. These reports then appear on a federal background-check database. The new laws would go further.

“The way I read the new law, it means I have to report voluntary as well as involuntary hospitalizations, as well as many people being treated for suicidal thinking, for instance, as outpatients,” said Dr. Paul S. Appelbaum, director of the Division of Law, Ethics, and Psychiatry at Columbia University’s medical school. “That is a much larger group of people than before, and most of whom will never be a serious threat to anyone.”

One fundamental problem with looking for “warning signs” is that it is more art than science. People with serious mental disorders, while more likely to commit aggressive acts than the average person, account for only about 4 percent of violent crimes over all.

The rate is higher when it comes to rampage or serial killings, closer to 20 percent, according to Dr. Michael Stone, a New York forensic psychiatrist who has a database of about 200 mass and serial killers. He has concluded from the records that about 40 were likely to have had paranoid schizophrenia or severe depression or were psychopathic, meaning they were impulsive and remorseless.

“But most mass murders are done by working-class men who’ve been jilted, fired, or otherwise humiliated — and who then undergo a crisis of rage and get out one of the 300 million guns in our country and do their thing,” Dr. Stone said.

The sort of young, troubled males who seem to psychiatrists most likely to commit school shootings — identified because they have made credible threats — often do not qualify for any diagnosis, experts said. They might have elements of paranoia, of deep resentment, or of narcissism, a grandiose self-regard, that are noticeable but do not add up to any specific “disorder” according to strict criteria.

Read More..

Daniel J. Edelman, a Publicity Pioneer, Dies at 92

Daniel J. Edelman, the founder and chairman of one of the largest public relations firms in the world and a groundbreaker in the field, died on Tuesday in Chicago. He was 92.

The cause was congestive heart failure, said his son Richard, president and chief executive of the company.

Daniel Edelman started the company, Edelman, in a small office in Chicago in 1952. It now has 63 offices in 26 countries with more than 4,600 employees and revenue of $660 million last year.

Steve Barrett, editor of the trade publication PRWeek, called Edelman “easily the biggest agency in the world.”

Over the years, Mr. Edelman helped build leading brands like Sara Lee and KFC. The firm’s current clients include Microsoft, Pfizer, General Electric, Wal-Mart Stores, Abbott Laboratories, Samsung, Royal Dutch Shell, Kraft, Johnson & Johnson and Unilever.

In the 1950s, Mr. Edelman arranged for Businessweek and Life magazines to publish articles about the manufacturing and distribution processes at Sara Lee, the baked goods company.

When the California wine industry turned to him in 1966 to promote its products nationwide, Mr. Edelman hired Vincent Price as a spokesman and had him appear on “The Tonight Show.”

Beyond promoting his clients, Mr. Edelman had a significant influence on the methodology of public relations.

“When I teach the modules on the history of public relations, I tell my students that Mr. Edelman was one of our pioneers,” said Maria P. Russell, chairwoman of the public relations department at Syracuse University’s S. I. Newhouse School of Public Communications. “Specifically, he helped public relations professionals move away from being order-takers to respected counselors to business executives and government leaders.”

As an example, Richard Edelman cited his father’s work in the firm’s representation of the Mormon Church for a decade, starting in the mid-1990s. The idea of the publicity campaign, he said, “was that this religion has made a very important contribution to America and had changed from some of its original precepts.”

Daniel Joseph Edelman was born in Manhattan on July 3, 1920, one of five children of Selig and Selma Edelman. His father was a lawyer and his mother was a concert pianist. He graduated from DeWitt Clinton High School in the Bronx and from Columbia University in 1940, then earned a master’s degree in journalism there.

After a stint as a sports reporter at a newspaper in Poughkeepsie, N.Y., he served in an Army psychological warfare unit in World War II, broadcasting in Europe. After the war, he was a night news reporter for CBS in New York, but he soon took a job as a publicist for Musicraft Records, helping to promote jazz stars like Duke Ellington, Sarah Vaughan and Artie Shaw.

By 1947, Mr. Edelman had moved to Chicago to become public relations director for Toni, a home hair care company. The company had an ad campaign featuring identical twins, one with a beauty salon permanent, the other with curls from a Toni do-it-yourself kit. Women were challenged to determine “which twin had the Toni.”

Mr. Edelman’s idea was to send six sets of twins on a media tour to 72 cities. After four years at Toni, he started his own public relations company, with Toni as his first client.

Besides his son Richard, he is survived by his wife of 59 years, the former Ruth Ann Rozumoff; another son, John; a daughter, Renee; and three granddaughters.

Read More..

L.A. County coroner changes Natalie Wood's cause of death

Through three decades of fevered tabloid speculation and whispers of a deeper story, the official account never changed: Natalie Wood drowned accidentally. The 43-year-old star of "West Side Story," who couldn't swim, had been drinking the night before she was found floating face-down in frigid waters off Santa Catalina Island.

When the L.A. County Sheriff's Department reopened the case in November 2011, around the 30th anniversary of her death, skeptics questioned the timing and doubted whether there was anything new to be learned.

Instead of quieting speculation, however, the investigation has raised fresh — and probably unanswerable — questions about one of Hollywood's most enduring puzzles.

PHOTOS: Natalie Wood | 1938-1981

In a report released Monday, the coroner, Lakshmanan Sathyavagiswaran, questioned the original 1981 findings and changed Wood's cause of death from "accidental drowning" to "drowning and other undetermined factors."

The coroner's report cited unexplained fresh bruising on the actress' right forearm, left wrist and right knee, along with a scratch on her neck and a superficial scrape on her forehead. Officials said the wounds open the possibility that she was assaulted before drowning.

"This Examiner is unable to exclude non-accidental mechanism causing these injuries," the report said, adding that evidence suggested the bruising occurred before Wood entered the water.

Sheriff's investigators said that the Wood case remains open but that detectives have reached an impasse. One law enforcement source who has worked on the case said detectives may never have a conclusive answer given that "evidence is stale — with fading memories and incomplete forensics."

The source, who spoke on the condition of anonymity because the case is ongoing, said there was not enough evidence to classify the case a crime, much less a homicide.

Experts said it was highly unusual for coroners to contradict the autopsy findings performed by their own office. Michael Baden, a former New York examiner and noted trial expert witness, said that although both examinations of Wood's body looked at the same evidence, the new report found the bruising to be far more significant — enough to change the cause of death.

"Sathyavagiswaran knows by issuing this opinion that he will unleash criticism on his predecessor and questions over how it handled a celebrity death three decades ago," Baden said. "He knows in saying this he has criticized [former coroner] Dr. [Thomas] Noguchi and the office back in 1981."

Noguchi did not return calls for comment.

The new report noted "conflicting statements" about when Wood disappeared, and whether she had argued with her husband, actor Robert Wagner, who — along Christopher Walken, her co-star in the film "Brainstorm" — were aboard the 60-foot yacht where she was last seen alive Nov. 28, 1981.

Hours before her death, authorities said, the three actors had had dinner at Doug's Harbor Reef restaurant and then returned to the yacht, called the Splendour, where they drank and an argument ensued between Walken and Wagner.

According to the new autopsy report, Wood went missing about midnight, and an analysis of her stomach contents placed her death around that time. The report said Wagner placed a radio call to report her missing at 1:30 a.m.

Roger Smith, the L.A. County rescue boat captain who helped pull Wood's body from the water, said he did not receive a call to look for her until after 5 a.m.

The original investigators believed Wood sustained her bruises after falling off the yacht and struggling to pull herself from the water into a rubber dinghy, whose starboard side bore scratch marks that seemed consistent with that theory.

But in his report, Sathyavagiswaran noted that investigators did not take nail clippings from Wood's body to determine whether she had made the scratch marks, and the dinghy was no longer available to be examined. The coroner believes Wood died soon after entering the water.

In an interview Monday, Smith said he wondered whether Wood might have been found alive if the rescue effort had gotten underway sooner. "There's no question in my mind that he just delayed calling for us," Smith said, referring to Wagner.

Smith said he and a deputy examined Wood's body but saw no bruises."We went over her very closely," said Smith, 68. "When we looked at her, we didn't see any bruises. We were looking for needle marks or anything like that — we didn't see anything."

Read More..