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..

TSX off 10-month high, energy weakness offsets RIM jump

TORONTO (Reuters) – Canada‘s main stock index finished short of a 10-month high on Monday as investor optimism for Research In Motion Ltd shares over the upcoming launch of its BlackBerry 10 devices was offset by falling energy shares.

Weakness in the materials sector, which includes mining stocks, also added pressure, while volatile oil prices were a drag on the energy sector. The two heavyweight sectors kept an otherwise positive index in check.

RIM shares extended a 13-percent gain made on Friday. The stock added 10.44 percent to C$ 14.70 and helped the information technology sector gain 2.48 percent.

“The investor confidence is brought about simply because of hope, and hope that the new BlackBerry 10 is going to be an answer to their prayers,” said Fred Ketchen, director of equity trading at ScotiaMcLeod.

“There has been some talk that this is a revival of RIM. We’ll have to wait and see,” he added.

The Toronto Stock Exchange‘s S&P/TSX composite index <.gsptse> finished little changed, up a 0.91 of a point, or 0.01 percent, at 12,603.09. Earlier, it touched 12,636.68, its highest since March 5, 2012.</.gsptse>

The index, which marked its fifth consecutive day of gains, swung back and forth between positive and negative territories in choppy trade.

“There’s a lot of indecisiveness out there. People don’t really know which way to go and you’re getting these markets that aren’t really doing much of anything,” said Julie Brough, vice president at Morgan Meighen & Associates.

Investors kept a close watch on the U.S. debt ceiling talks, seen as a significant catalyst for the markets, with hopes that a compromise will be reached. “There is reasonable optimism that it would be resolved,” Brough said.

The energy sector was down 0.5 percent, with Canadian Natural Resources Ltd slipping 1.81 percent to C$ 29.26 and Talisman Energy Inc falling 2.64 percent to C$ 11.78. Oil prices were volatile, with Brent crude rising to $ 112 on supply concerns.

Encana Corp shares dropped 2.31 percent to C$ 19.05 after the surprise resignation of the chief executive officer of Canada’s largest natural gas producer.

The three energy companies were the three biggest drags on the index.

Materials stocks, home to mining firms, was down 0.3 percent amid a slew of deals within the sector.

Miner Alamos Gold Inc said it will buy Aurizon Mines Ltd for about C$ 780 million ($ 793 million) in cash and stock to get access to Aurizon’s only operating gold mine, Casa Berardi, in northern Quebec. Aurizon shares jumped 34 percent to C$ 4.57, while Alamos Gold fell 11.94 percent to C$ 14.90.

Russia’s state uranium firm agreed to pay $ 1.3 billion to take Canada’s Uranium One Inc private, as the successor to the Soviet Union’s nuclear industry seeks to strengthen its grip on supplies. Uranium One’s stock rose 14.52 percent to C$ 2.76.

In other company news, shares of Harry Winston Diamond Corp rose 4.41 percent to C$ 14.90 on the company’s plans to sell its high-end watches-to-necklaces division to Swatch Group in a $ 750 million cash deal that expands the Swiss watchmaker’s luxury offering and lets the Canadian group concentrate on its diamond mines.

(Additional reporting by Solarina Ho; Editing by James Dalgleish and Nick Zieminski)

Gadgets News Headlines – Yahoo! News

Title Post: TSX off 10-month high, energy weakness offsets RIM jump
Url Post: http://www.news.fluser.com/tsx-off-10-month-high-energy-weakness-offsets-rim-jump/
Link To Post : TSX off 10-month high, energy weakness offsets RIM jump
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..

Jodie Foster Kicks Open the Closet Door – What It Means for Gays in Hollywood

LOS ANGELES (TheWrap.com) – Jodie Foster spoke frankly about her life as a lesbian Sunday night in a Golden Globes speech that thrust her into the center of the gay rights debate whether she likes it or not.

By deciding to address the subject of her sexuality in a spectacularly public setting, while also articulating a defense of personal privacy, she upended the casual way that other gay movie and music stars have been revealing their orientation in recent years.

They chose to nudge the closet door ajar by dropping the “g” word in interviews – like “The Big Bang Theory” star Jim Parsons – or by tweeting pictures of their significant others lounging on a couch, as “Kyle XY” actor Matt Dallas did last week.

But Foster made coming out a big deal again, shattering her glass closet, while never actually saying the words, “I’m gay.”

“When she decided to address her sexuality last night, however indirectly she did it, she was talking about gay rights at a critical moment,” Dustin Lance Black, the openly gay screenwriter behind “Milk,” said. “There is a case in that will be in front of the Supreme Court soon that will decide if gay and lesbian people will be allowed to marry. By coming out she sends a message to the country that we are everyone and everywhere. We’re your friends, your neighbors and we’re the people who have been entertaining you for the last 47 years.”

The speech itself was fascinating, because it was raw, but also grudging. Some gay activists have long agitated for Foster to speak frankly about being a lesbian and at various points, her speech seemed to be a challenge to any group who would seek to exploit her celebrity for its own ends. My life belongs to me, she seemed to be saying.

“I hope you’re not disappointed that there won’t be a big coming-out speech tonight because I already did my coming out about a thousand years ago back in the Stone Age, in those very quaint days when a fragile young girl would open up to trusted friends and family and co-workers and then gradually, proudly to everyone who knew her, to everyone she actually met,” Foster said, as her two sons, Charles, 14, and Kit, 12, looked on from the audience. “But now I’m told, apparently that every celebrity is expected to honor the details of their private life with a press conference, a fragrance and a prime-time reality show.”

Foster turned 50 last November and her discomfort with addressing her orientation may have been entangled in a different era in which being openly gay was a barrier that prevented actors and actresses from getting A-list roles. Over the past half century, acceptance of gays and lesbians has accelerated dramatically.

In a Pew survey conducted last October, 49 percent of respondents favored gay marriage, up from 39 percent four years earlier.

This greater tolerance has left stars like Foster and to a lesser extent people like CNN anchor Anderson Cooper, who acknowledged that he was gay last summer after years of internet speculation, in an awkward position.

“It catches people like Jodie Foster in a bind,” said Larry Gross, the author of “Contested Closets: The Politics and Ethics of Outing” who is also vice dean at USC’s Annenberg School of Communication and Journalism. “What happens to them is at a certain point the culture moved past them and they find themselves standing out there in a semi-opaque glass closet. Everybody in the world knew that she was gay and it was becoming an embarrassment.”

Foster tried to explain her hesitancy while accepting the Cecil B. DeMille career achievement award Sunday by saying that it was related to issues of personal privacy. She noted that she has been in the spotlight for half a century, but also implied that she was uncomfortable with the tabloid coverage of celebrities and their obsession to open their private lives to scrutiny in everything from prime time interviews to personal Twitter streams.

“If you had been a public figure from the time that you were a toddler, if you’d had to fight for a life that felt real and honest and normal against all odds, then maybe you too might value privacy above all else,” she said. “Privacy. Some day, in the future, people will look back and remember how beautiful it once was.”

For the most part, the reaction among prominent members of the gay community has been positive, but there are some who insinuate that the relative safety in which Foster chose to address the issue had been fought and paid for by earlier generations of gay performers who opened up about their homosexuality at a time when their professional lives could have been snuffed out.

Wilson Cruz, the openly gay star of the 1990s drama “My So Called Life” and now a strategic giving officer at the Gay & Lesbian Alliance Against Defamation, said he was heartened by Foster’s remarks, but also conscious of her place in the history of the gay rights movement.

“I applaud anybody who opens up like that in a way that will effect million of people’s lives for the better,” he said. “One thing I did take umbrage with for personal reasons, is that I like to remember people who came out before it was safe. People like Harvey Fierstein, Ian McKellen and John Gielgud who risked their careers and their lives to do so.”

To that end, activists and public relations experts say that they do not anticipate Foster will be riding the main float at Gay Pride festivals anytime soon. Instead, they expect that after Sunday’s air-clearing, the actress will remain fiercely protective of her privacy – something she had done since John W. Hinckley Jr. said that he had tried to assassinate former President Ronald Reagan to impress her while she was still a college student.

“I don’t expect her to be the cover girl for gay and lesbian causes,” Howard Bragman, vice chairman of Reputation.com, and a publicist who has helped over a dozen actors with their coming out announcements, said. “She may show up to a few events, but I don’t think she will be that involved, and that’s fine.”

Bragman said that on the scale of coming out announcements, Foster’s ranked as a “duh.” Though she had never been explicit about her orientation, she hadn’t pretended to be a heterosexual. In fact, she had thanked her former partner Cydney Bernard as far back as 2007 at the Women in Entertainment Breakfast.

An industry awards gathering, though, is not the same thing as coming out on national television to an audience of 14.8 million viewers. Reaction to Foster’s statements erupted almost immediately on Twitter and on other social media sites, with some griping about her decision to couple her speech about her “modern family” with a plea for privacy.

To Bil Browning, a gay activist and the editor-in-chief of The Bilerico Project, that misses the point. Given Foster’s iconic roles in films like “The Silence of the Lambs,” not to mention her long-standing refusal to address the gay rumors, she had no choice but to command a global platform when the time came for her big reveal.

“Jodie Foster is somebody the gay community has always wanted to be an icon and she came out in a big way and now some people still aren’t satisfied,” Browning said. “Would they have been satisfied if she had just posted a picture of her girlfriend on Instagram? Given her status, I don’t think she would ever have been allowed to just come out casually.”

Gay activists and chroniclers of the movement say that the “coming out” process that has so bedeviled public figures like Foster may soon be an anachronism. As younger actors step into the spotlight, they will do so having grown up in a society that allows gays to serve openly in the military and is weighing the legality of permitting them to marry. The novelty of simply saying, “I’m gay,” could soon seem quaint.

“We’re on the verge of crossing or erasing what was an uncrossable line,” Gross said. “There’s a younger generation of actors, who have been out all their lives and can’t imagine the enforced rigmarole of going on fake dates and ducking questions about their sexuality, who are coming on the stage. Like the Berlin Wall, the barrier is crumbling in front of our eyes.”

Or as Foster herself said in her Golden Globes speech last night, “Change, you gotta love it.”

Movies News Headlines – Yahoo! News

Read More..

Personal Best: Training Insights From Star Athletes

Of course elite athletes are naturally gifted. And of course they train hard and may have a phalanx of support staff — coaches, nutritionists, psychologists.

But they often have something else that gives them an edge: an insight, or even an epiphany, that vaults them from the middle of the pack to the podium.

I asked several star athletes about the single realization that made the difference for them. While every athlete’s tale is intensely personal, it turns out there are some common themes.

Stay Focused

Like many distance swimmers who spend endless hours in the pool, Natalie Coughlin, 30, used to daydream as she swam laps. She’d been a competitive swimmer for almost her entire life, and this was the way she — and many others — managed the boredom of practice.

But when she was in college, she realized that daydreaming was only a way to get in the miles; it was not allowing her to reach her potential. So she started to concentrate every moment of practice on what she was doing, staying focused and thinking about her technique.

“That’s when I really started improving,” she said. “The more I did it, the more success I had.”

In addition to her many victories, Ms. Coughlin won five medals in the 2008 Beijing Olympics, including a gold medal in the 100-meter backstroke.

Manage Your ‘Energy Pie’

In 1988, Steve Spence, then a 25-year-old self-coached distance runner, was admitted into the United States Long Distance Runner Olympic Development Program. It meant visiting David Martin, a physiologist at Georgia State University, several times a year for a battery of tests to measure Mr. Spence’s progress and to assess his diet.

During dinner at Dr. Martin’s favorite Chinese restaurant, he gave Mr. Spence some advice.

“There are always going to be runners who are faster than you,” he said. “There will always be runners more talented than you and runners who seem to be training harder than you. The key to beating them is to train harder and to learn how to most efficiently manage your energy pie.”

Energy pie? All the things that take time and energy — a job, hobbies, family, friends, and of course athletic training. “There is only so much room in the pie,” said Mr. Spence.

Dr. Martin’s advice was “a lecture on limiting distractions,” he added. “If I wanted to get to the next level, to be competitive on the world scene, I had to make running a priority.” So he quit graduate school and made running his profession. “I realized this is what I am doing for my job.”

It paid off. He came in third in the 1991 marathon world championships in Tokyo. He made the 1992 Olympic marathon team, coming in 12th in the race. Now he is head cross-country coach and assistant track coach at Shippensburg University in Pennsylvania. And he tells his teams to manage their energy pies.

Structure Your Training

Meredith Kessler was a natural athlete. In high school, she played field hockey and lacrosse. She was on the track team and the swimming team. She went to Syracuse University on a field hockey scholarship.

Then she began racing in Ironman triathlons, which require athletes to swim 2.4 miles, cycle 112 miles and then run a marathon (26.2 miles). Ms. Kessler loved it, but she was not winning any races. The former sports star was now in the middle of the pack.

But she also was working 60 hours a week at a San Francisco investment bank and trying to spend time with her husband and friends. Finally, six years ago, she asked Matt Dixon, a coach, if he could make her a better triathlete.

One thing that turned out to be crucial was to understand the principles of training. When she was coaching herself, Ms. Kessler did whatever she felt like, with no particular plan in mind. Mr. Dixon taught her that every workout has a purpose. One might focus on endurance, another on speed. And others, just as important, are for recovery.

“I had not won an Ironman until he put me on that structure,” said Ms. Kessler, 34. “That’s when I started winning.”

Another crucial change was to quit her job so she could devote herself to training. It took several years — she left banking only in April 2011 — but it made a huge difference. Now a professional athlete, with sponsors, she has won four Ironman championships and three 70.3 kilometer championships.

Ms. Kessler’s parents were mystified when she quit her job. She reminded them that they had always told her that it did not matter if she won. What mattered was that she did her best. She left the bank, she said, “to do my best.”

Take Risks

Helen Goodroad began competing as a figure skater when she was in fourth grade. Her dream was to be in the Olympics. She was athletic and graceful, but she did not really look like a figure skater. Ms. Goodroad grew to be 5 feet 11 inches.

“I was probably twice the size of any competitor,” she said. “I had to have custom-made skates starting when I was 10 years old.”

One day, when Helen was 17, a coach asked her to try a workout on an ergometer, a rowing machine. She was a natural — her power was phenomenal.

“He told me, ‘You could get a rowing scholarship to any school. You could go to the Olympics,’ ” said Ms. Goodroad. But that would mean giving up her dream, abandoning the sport she had devoted her life to and plunging into the unknown.

She decided to take the chance.

It was hard and she was terrified, but she got a rowing scholarship to Brown. In 1993, Ms. Goodroad was invited to train with the junior national team. Three years later, she made the under-23 national team, which won a world championship. (She rowed under her maiden name, Betancourt.)

It is so easy to stay in your comfort zone, Ms. Goodroad said. “But then you can get stale. You don’t go anywhere.” Leaving skating, leaving what she knew and loved, “helped me see that, ‘Wow, I could do a whole lot more than I ever thought I could.’ ”

Until this academic year, when she had a baby, Ms. Goodroad, who is 37, was a rowing coach at Princeton. She still runs to stay fit and plans to return to coaching.

The Other Guy Is Hurting Too

In 2006, when Brian Sell was racing in the United States Half Marathon Championships in Houston, he had a realization.

“I was neck-and-neck with two or three other guys with two miles to go,” he said. He started to doubt himself. What was he doing, struggling to keep up with men whose race times were better than his?

Suddenly, it came to him: Those other guys must be hurting as much as he was, or else they would not be staying with him — they would be pulling away.

“I made up my mind then to hang on, no matter what happened or how I was feeling,” said Mr. Sell. “Sure enough, in about half a mile, one guy dropped out and then another. I went on to win by 15 seconds or so, and every race since then, if a withering surge was thrown in, I made every effort to hang on to the guy surging.”

Mr. Sell made the 2008 Olympic marathon team and competed in the Beijing Olympics, where he came in 22nd. Now 33 years old, he is working as a scientist at Lancaster Laboratories in Pennsylvania.

---

This post has been revised to reflect the following correction:

Correction: January 15, 2013

An earlier version of this post misstated the year in which Steve Spence competed in the Olympic marathon, finishing 12th. It was 1992, not 2004. It also misidentified the institution at which he is a coach. It is Shippensburg University, not Shippensburg College.

Read More..

DealBook: The Banker Who Put His Faith in Armstrong

When Lance Armstrong’s interview with Oprah Winfrey about his suspected use of illegal performance-enhancing drugs is broadcast on Thursday, an investment banker will most likely be watching it very carefully (and nervously): Thomas Weisel.

Mr. Weisel is a legend in finance and Silicon Valley. He was the banker behind Yahoo’s public offering and some of the biggest deals during the dot-com bubble. He famously sold the firm he ran, Montgomery Securities, for $1.2 billion in 1997. And he sold his next firm, Thomas Weisel Partners, for $300 million to Stifel Financial in 2010.

But it is Mr. Weisel’s extracurricular activity that connects him to the news of the moment: he was Mr. Armstrong’s biggest financial backer and the single individual most responsible for the money machine that propelled Mr. Armstrong’s career.

Depending on what Mr. Armstrong says in the interview about his purported doping, Mr. Weisel, who was a co-owner of the United States Postal Service Pro Cycling Team through a cycling management firm that he helped found called Tailwind Sports, could be subject along with his partners to lawsuits from corporate sponsors seeking millions of dollars. Already, there is a False Claims Act case contending that Mr. Armstrong and the team defrauded the Postal Service.

Perhaps more anxiety-producing is what Mr. Weisel may have known, or should have known, about a team that for years ran “the most sophisticated, professionalized and successful doping program that sport has ever seen,” according to the United States Anti-Doping Agency.

Its report last year did not name Mr. Weisel, but did say that Mr. Armstrong was assisted by a “small army of enablers, including doping doctors, drug smugglers, and others within and outside the sport and on his team.”

Mr. Armstrong is expected to admit to doping in an effort to persuade officials to lift his lifetime ban from Olympic sports. To do so, however, he would probably need to lay out in explicit detail how the program worked and implicate those who were part of it.

Mr. Weisel is currently not talking. When I called Mr. Weisel seeking a comment, his assistant told me: “He’s not commenting. And he’s not returning any calls.”

For a glimpse of the way Mr. Weisel thinks about performance-enhancing drugs in cycling, here’s what he had to say about the matter four years ago: “Handle the problem below the surface and keep the image of the sport clean,” he told The Wall Street Journal. “In the U.S. sports — baseball, basketball, football — most fans couldn’t care less.”

For Mr. Weisel, the team and Mr. Armstrong were an all-consuming passion. He would go every year to the Tour de France and at times travel in the team’s pacer car, occasionally yelling instructions to Mr. Armstrong over the radio system. He rode the team’s bus, ate meals with them and ultimately celebrated each year’s victory. On the wall of his office in San Francisco, he displayed Mr. Armstrong’s yellow jerseys.

Always the consummate banker, Mr. Weisel even tried to help Mr. Armstrong raise funds to buy the Tour de France itself. (The effort never went anywhere.)

Mr. Weisel’s name has occasionally come up in connection with accusations of doping on the team.

The wife of the famed cyclist Greg LeMond, Kathy, reportedly testified under oath in a deposition in 2006 that she had been told by one of Mr. Armstrong’s mechanics that Mr. Weisel, along with Nike, paid $500,000 though a Swiss bank account to the honorary president of the International Cycling Union to silence a drug test Mr. Armstrong purportedly failed in 1999.

Nike has vehemently denied the contention. So far, Mr. Weisel has not commented publicly.

When Floyd Landis, one of Mr. Armstrong’s former teammates, tested positive in 2006, he denied using performance-enhancing drugs under pressure from Mr. Armstrong. Soon after, Mr. Weisel set up the Floyd Fairness Fund with some of Tailwind’s co-owners to help pay his legal bills. Mr. Landis later confessed to doping in 2010.

Mr. Weisel, a longtime athlete who was a champion speed skater as a teenager, became a cycling enthusiast in the 1980s and took up racing himself. Sports dominated his life: he often said that he liked to hire athletes to work for him at the bank because of their competitive instincts. He was also the chairman of the United States Ski Team Foundation. In 1987, while still working as a banker, he started Montgomery Sports, to begin his first cycling team. In the early 1990s the team was called Subaru-Montgomery; it later became Montgomery-Bell (Bell Sports was a client that he took public) and then was renamed for the Postal Service. (Yahoo, another client, was also a sponsor of the team.)

According to a biography of Mr. Weisel, “Capital Instincts: Life as an Entrepreneur, Financier and Athlete,” he invested more than $5 million in the early teams and lost money on the investment. Mr. Armstrong was one of Mr. Weisel’s early riders for the Subaru-Montgomery team. He later left the team to join the Motorola team. After his bout with cancer, Mr. Armstrong joined what was the Postal Service team in 1998.

Tyler Hamilton, another former teammate of Mr. Armstrong, told “60 Minutes” that the team was pushing performance-enhancing drugs on its cyclists long before Mr. Armstrong battled cancer and then in 1998 rejoined the team.

“I remember seeing some of the stronger guys in the team getting handed these white lunch bags,” Mr. Hamilton said on “60 minutes” about when he joined the team in 1995. “So finally I, you know, started puttin’ two and two together and you know, basically there were doping products in those white lunch bags.”

Given how widespread the doping now appears to have been on the Postal Service team based on testimony of 11 teammates, and charges against the team’s director and several of its doctors, you wonder how much due diligence its founding banker did on the most prominent deal of his career.

Read More..