Thursday, January 31, 2013

Israel hits Syria arms convoy to Lebanon - sources

BEIRUT/AMMAN | Thu Jan 31, 2013 7:40am GMT

BEIRUT/AMMAN (Reuters) - Israeli warplanes bombed a convoy near Syria's border with Lebanon, sources told Reuters, apparently targeting weapons destined for Hezbollah in what some called a warning to Damascus not to arm Israel's Lebanese enemy.

Syrian state television accused Israel of bombing a military research centre at Jamraya, between Damascus and the nearby border, but Syrian rebels disputed that, saying their forces had attacked the site. No source spoke of a second Israeli strike.

"The target was a truck loaded with weapons, heading from Syria to Lebanon," said one Western diplomat, echoing others who said the convoy's load may have included anti-aircraft missiles or long-range rockets. Several sources ruled out the presence in the convoy of chemical weapons, about which Israel has also raised concerns.

Diplomatic sources from three countries told Reuters that chemical weapons were believed to be stored at Jamraya, and that it was possible that the convoy was near the large site when it came under attack early on Wednesday.

However, there was no suggestion that the vehicles themselves had been carrying chemical weapons.

The raid followed warnings from Israel that it was ready to act to prevent the revolt against President Bashar al-Assad leading to Syria's chemical weapons and modern rockets reaching either his Hezbollah allies or his Islamist enemies.

A source among Syrian rebels said an air strike around dawn (4:30 a.m. British time) blasted a convoy near the border. "It attacked trucks carrying sophisticated weapons from the regime to Hezbollah," the source said, adding that it took place inside Syria.

Syrian state television said two people were killed in a dawn raid on the military site at Jamraya, which lies in the 25-km (15-mile) strip between Damascus and the Lebanese border. It described it as a scientific research centres "aimed at raising the level of resistance and self-defence".

It did not mention specific retaliation but said "these criminal acts" would not weaken Syria's support for Palestinians and other groups engaged in "resistance" to Israel.

Several rebel sources, however, including a commander in the Damascus area, accused the authorities of lying and said the only attacks at Jamraya had been mortar attacks by insurgents.

A regional security source said Israel's target was weaponry given by Assad's military to fellow Iranian ally Hezbollah.

"This episode boils down to a warning by Israel to Syria and Hezbollah not to engage in the transfer of sensitive weapons," the source said. "Assad knows his survival depends on his military capabilities and he would not want those capabilities neutralised by Israel - so the message is this kind of transfer is simply not worth it, neither for him nor Hezbollah."

With official secrecy shrouding the event, few details were corroborated by multiple sources. All those with knowledge of the events - from several countries - spoke anonymously.

"MOCK RAIDS"

There was no comment from Hezbollah or the Israeli government. Hezbollah's Al-Manar TV said only that Israeli warplanes had carried out "mock raids" over southern Lebanon on Wednesday night, close to the Syrian border.

Israel's ally the United States declined all comment. A Lebanese security source said its territory was not hit, though the army also reported a heavy presence of Israeli jets through the night after days of unusually frequent incursions.

Such a strike or strikes would fit Israel's policy of pre-emptive covert and overt action to curb Hezbollah and does not necessarily indicate a major escalation of the war in Syria. It does, however, indicate how the erosion of the Assad family's rule after 42 years is seen by Israel as posing a threat.

Israel this week echoed concerns in the United States about Syrian chemical weapons, but its officials say a more immediate worry is that the civil war could see weapons that are capable of denting its massive superiority in airpower and tanks reaching Hezbollah; the group fought Israel in 2006 and remains a more pressing threat than its Syrian and Iranian sponsors.

Israeli officials have said they feared Assad may be losing his grip on some chemical weapons, including around Damascus, to rebel groups which are also potentially hostile to Israel. U.S. and European security sources told Reuters they were confident that chemical weapons were not in the convoy which was bombed.

Wednesday's action could have been a rapid response to an opportunity. But a stream of Israeli comment on Syria in recent days may have been intended to limit surprise in world capitals.

The head of the Israeli air force said only hours before the attack that his corps, which has an array of the latest jet bombers, attack helicopters and unmanned drones at its disposal, was involved in a covert "campaign between wars".

"This campaign is 24/7, 365 days a year," Major-General Amir Eshel told a conference on Tuesday. "We are taking action to reduce the immediate threats, to create better conditions in which we will be able to win the wars, when they happen."

On Sunday, Prime Minister Benjamin Netanyahu, set for a new term after an election, told his cabinet that Iran and turmoil in Arab states meant Israel must be strong: "In the east, north and south, everything is in ferment, and we must be prepared, strong and determined in the face of all possible developments."

Israel's refusal to comment on Wednesday is usual in such cases; it has, for example, never admitted a 2007 air strike on a suspected Syrian nuclear site despite U.S. confirmation of it.

By not acknowledging that raid, Israel may have ensured that Assad did not feel obliged to retaliate. For 40 years, Syria has offered little but bellicose words against Israel.

(Additional reporting by Mariam Karouny and Oliver Holmes in Beirut, Myra MacDonald in London, Mark Hosenball in Washington and Reuters bureaux; Writing by Alastair Macdonald; Editing by David Stamp)

Source: http://feeds.reuters.com/~r/Reuters/UKTopNews/~3/LWoFkoQ4Zrs/uk-syria-israel-attack-idUKBRE90T0K320130131

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Yoga may aid people with irregular heart rhythm

NEW YORK (Reuters Health) - Regular yoga classes could help people with a common heart rhythm problem manage their symptoms while also improving their state of mind, a new study suggests.

According to the American Heart Association, about 2.7 million people in the U.S. have atrial fibrillation (AF), in which the heart's upper chambers quiver chaotically instead of contracting normally.

People with AF are often prescribed drugs such as beta blockers to help control their heart rate and rhythm. But the medicines don't alleviate symptoms for all patients, researchers noted - which is where add-ons like yoga could come in.

"This may be something they should consider," said W. Todd Cade, a physical therapy researcher from Washington University School of Medicine in St. Louis.

"Yoga could be a beneficial treatment for people with atrial fibrillation. Obviously they should talk to their doctor before they start a program," Cade, who wasn't involved in the new research, told Reuters Health.

"There are a lot of other benefits of yoga, and there aren't a lot of negatives," he added.

The new study included 49 people who'd had AF for an average of five years. For three months, researchers led by Dr. Dhanunjaya Lakkireddy from the University of Kansas Medical Center in Kansas City tracked study volunteers' heart symptoms and their blood pressure and heart rate, as well as their anxiety, depression and general quality of life.

For the second phase of the study, the same participants went to group yoga classes at least twice a week for an additional three months, again reporting on their symptoms and quality of life.

All of the patients were on stable medications throughout the study period.

Nonetheless, the number of times they reported heart quivering - which was confirmed by a heart monitor - dropped from almost four times during the first three months to twice during the yoga intervention phase. Their average heart rate also fell from 67 beats per minute at the start of the study to between 61 and 62 bpm post-yoga.

Participants' anxiety scores declined from an average of 34, on a scale of 20 to 80, to 25 after three months of yoga. Depression and general mental health improved as well, Lakkireddy and his colleagues reported Wednesday in the Journal of the American College of Cardiology.

"People feel more empowered, they feel better, they feel stronger," Cade said. "There are probably a lot of benefits of the yoga besides on atrial fibrillation."

Lakkireddy told Reuters Health that to be helpful, yoga has to be incorporated into daily life - not just picked up for a few months at a time.

He said people with AF shouldn't expect a cure, but that regular yoga may make their arrhythmia "more tolerable" and reduce visits to the emergency room when symptoms flare up.

"A lot of people ask, 'Can I just do yoga and do nothing else?'" Lakkireddy said. "I think that's the wrong approach to take. Yoga is not a cure in itself... it is a good adjunct to what else these patients should be doing."

Cade said future studies could look at whether yoga might help people with AF safely cut back on some of their medications.

Still, he noted, the effect of yoga seen here wasn't "huge," and any possible benefits among heart patients will need to be confirmed - and better explained - in further research.

Dr. Renato Lopes, who studies AF at the Duke Clinical Research Institute in Durham, North Carolina, agreed, adding that based on these findings, it's unclear exactly how yoga might work in the body to improve symptoms.

"We really would like to see a randomized, well-controlled study to really be able to assess the treatment effect of yoga in patients with atrial fibrillation," said Lopes, who wasn't part of the research team.

"Yoga is something that seems to be a good thing to do, regardless of if you have (AF)," he told Reuters Health. But, "To make a formal recommendation for patients with (AF) to do yoga, just based on this study, seems to be a little bit premature for me."

SOURCE: http://bit.ly/P8Btq1 Journal of the American College of Cardiology, online January 30, 2013.

Source: http://news.yahoo.com/yoga-may-aid-people-irregular-heart-rhythm-203904258.html

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Wednesday, January 30, 2013

New record for the biggest wave ever surfed? (+video)

Garrett McNamara may have set a new world record for the largest wave ever surfed. Garrett McNamara surfed a wave off Portugal that was about 100-feet high.

By Staff,?CSMonitor.com / January 30, 2013

Was Garrett McNamara humming 'Oops, I did it again?" as he rode a 100-foot wave off Portugal?

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On Monday, McNamara may have broken his own record for the largest wave ever surfed. McNamara returned to Nazar?, Portugal, where he set a record a little more than a year ago.

As The Christian Science Monitor reported last May: The Guinness World Records recognized a 44-year-old Hawaii pro surfer for catching a 78-foot wave off the coast of Portugal, saying the November [2011] feat beats a 2008 record for the biggest ridden by more than 1 foot.

Nazare is known as a prime spot for big rides.? The waves roll in off the Atlantic Ocean and travel along an undersea canyon that generate some of the biggest waves on the planet. The Nazare canyon is about 16,000 feet deep in places, and about 140?miles long.

On Monday, :"The conditions in Nazar? were heavenly perfect. Light southern winds and strong swell coming from northwest and hitting the local canyon as it should," according to SurferToday.com.

McNamara is waiting confirmation of the size of the latest wave and whether a new record was set.

McNamara, who began surfing at age 11 and went pro at 17, said the achievement became more important to him when he realized it could help him urge more people to follow their passions.

"The world would be a much better place if everyone was doing what they wanted to do," he told the Associated Press last year after he set the record.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/G2035O-paWY/New-record-for-the-biggest-wave-ever-surfed-video

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Animation blog

Hey guys im a regular roleplayer here, I just thought i'd share one of my other interests animation and 3D modelling. If you guys could have a peak at my blog where I put my work and if you have a Wordpress account maybe give me a follow. It would be handy to have some opinions on my work. Thanks guys.

http://boultinator93.wordpress.com/

Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/CEJj99mhoRY/viewtopic.php

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Dow Chemical withdraws from natural gas export project

Dow Chemical publicly disavowed?a $6.5 billion project for a natural gas export terminal that it partly owns, Alic writes.?Dow is opposed to this project because its senior management believes high volumes of LNG exports will lead to higher prices at home.

By Jen Alic,?Guest blogger / January 28, 2013

The liquefied natural gas tanker Inigo Tapias makes its way through Boston Harbor past downtown Boston. Dow Chemical opposes the natural gas export project because its senior management believes high volumes of LNG exports will lead to higher prices at home, Alic writes, which would bode ill for the future construction of chemical plants and Dow?s overall bottom line.

Michael Dwyer/AP/File

Enlarge

Dow Chemical CO. (NYSE:DOW) is opposed to the idea of unlimited US natural gas exports, and this opposition has led it most recently to completely disown a $6.5 billion project for a Texas export terminal that it partly owns.

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offers extensive coverage of all energy sectors from crude oil and natural gas to solar energy and environmental issues. To see more opinion pieces and news analysis that cover energy technology, finance and trading, geopolitics, and sector news, please visit?Oilprice.com.

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Earlier this week, Dow management publicly disavowed Texas-based Freeport LNG, which it partly owns with a limited partner status.

Dow vice president of energy and climate change George Biltz told?Bloomberg: ?Dow is not going to be part of the new investment. We have taken no role and haven?t worked with them at all? on the export proposal.?

The Freeport LNG export terminal is hoping for federal permission to cool 1.4 billion cubic feet of gas into liquid natural gas (LNG) daily. This LNG would be transported to overseas markets.?(Related Article:?Betting on Mediterranean Shale: 3 Plays, 1 Winner)?

Tuesday, January 29, 2013

Hating Hollywood

Hating Hollywood

Love and hate is on the set for the next big hollywood movie! Do you have what it takes to be in?

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This topic is an Out Of Character part of the roleplay, ?Hating Hollywood?. Anything posted here will also show up there.

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Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.
This is the auto-generated OOC topic for the roleplay "Hating Hollywood"

You may edit this first post as you see fit.

Richard B. Riddick: You made three mistakes. First, you took the job. Second, you came light. A four man crew for me? Fucking insulting. But the worst mistake you made...
[Toombs darts for the gun rack which he finds to be empty while Riddick smiles]
Richard B. Riddick: ...empty gun rack.

User avatar
austyn101
Member for 2 years



Is it possible for me to steal Sky? I'll be submitting a sheet in a few minutes :3

"She offered herself to the big, bad wolf and didn't scream when he took the first bite."

User avatar
bandgeek
Member for 1 years


You got it! Sky is all yours!

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austyn101
Member for 2 years



Post a reply

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Economists feeling more optimistic about 2013

16 hrs.

Economists are increasingly optimistic about growth in the year ahead with hiring expected to pick up in coming months.?

A quarterly survey by the National Association for Business Economists released Monday shows half of the economists polled now expect real gross domestic product ? the value of all goods and services produced in the United States ? to grow between 2 and 4 percent in 2013. That's up from 36 percent of respondents who felt the same way three months earlier.?

About half expect sluggish or negative performance, down from 65 percent in October.?

The latest survey was conducted between Dec. 20 and Jan. 8 and asked 65 economists and others who use economics in the workplace about conditions at their firms or industries. It found that 34 percent of firms now expect to expand their payrolls in the next six months, the highest percentage since April of last year. Meanwhile, 2 percent said they expect their companies to cut payrolls through layoffs, while 14 percent see payrolls trimmed through attrition.?

A quarter of respondents also said employment grew at their firms in the fourth quarter, which is comparable to the levels seen in the first half of 2012. The same percentage also reported a rise in wages at their firms in the final three months of the year, up 10 percentage points from the last survey.?

Overall sales growth was stable in the fourth quarter with results mixed across industries. For instance, growth slowed in the services, finance, insurance and real estate sectors, but rose in the transportation, utilities, information and communications sectors.?

Timothy Gill, chair of NABE's survey committee and director of economics at the National Electrical Manufacturers Association, noted that sales growth was stable despite "widespread uncertainty surrounding the potential impact of the fiscal cliff."?

The "fiscal cliff" refers to the steep tax hikes and spending cuts that were to take effect Jan. 1 unless the White House and Congress reached an agreement to avoid them. The survey found that 27 percent of respondents postponed at least some hiring and capital spending during the quarter as a result, while 72 percent said the issue didn't affect hiring.?

Despite stable sales growth, survey respondents noted that profit margins deteriorated in the fourth quarter, with 25 percent saying their margins increased, down from 27 percent in October. On the flipside, 18 percent reported declining profit margins, compared with 15 percent a year ago. Over the next three months slightly more than a third said they expect primary non-labor costs to rise. That's down from 43 percent in the previous survey.?

Expectations for capital spending over the next year weakened from the last survey. Only 40 percent expect their firms to grow capital spending, down from 52 percent.?

For consumers, the survey suggests modest inflation could be in the works, with two-fifths of respondents ? the highest share over the past year ? saying they expect prices to rise in coming months. Most of those expecting hike prices think the increases will be less than 5 percent.?

Source: http://www.nbcnews.com/business/economywatch/economists-feeling-more-optimistic-about-2013-1C8137827

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Phase 3 Results Announced for Neulasta in Colorectal Cancer - MPR

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Monday, January 28, 2013

F-16 fighter jet missing over Adriatic Sea

An F-16 fighter jet went missing Monday after losing connection with its base in Italy around 8 p.m. local time, the U.S. Air Force said in a statement.

Pentagon officials confirm the plane, out on night operations training, is down in the Adriatic Sea, the body of water that separates the Italian peninsula from Croatia and Albania.?

The pilot is missing, according to Pentagon officials.

Search efforts are underway, the Air Force said.

--Reporting by Jim Miklaszewski and Isolde Raftery of NBC News.

Source: http://usnews.nbcnews.com/_news/2013/01/28/16741965-f-16-fighter-jet-missing-over-adriatic-sea?lite

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Celebrity Nude Scenes: Who Uses Body Doubles?

Celebrity Nude Scenes: Who Uses Body Doubles?

Jessica Alba looks gorgeous in black lace at the Guild AwardsMany times when we watch our favorite actor/actress in a movie, we actually believe they are stripping down to reveal their perfect body. However, most Hollywood stars use body doubles that stand-in for them in nude or revealing scenes. Let’s find out who really strips down and who fakes it! Does anyone actually even get ...

Celebrity Nude Scenes: Who Uses Body Doubles? Stupid Celebrities Gossip Stupid Celebrities Gossip News

Source: http://stupidcelebrities.net/2013/01/celebrity-nude-scenes-who-uses-body-doubles/

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SCGS - Family Tree Maker Software User Group - February 10


SCGS Family Tree Maker Software User Group ? Meeting Notice, February 10, 2013

Continuing with charts in the Publish Workspace, we will compare the various chart styles ? Pedigree, Descendant, Bow Tie, Fan, Hourglass, etc.

Additional topics will address PDF output for charts and demonstrate the installation of a free PDF printer driver.

Finally we will review major features of the Plan Workspace and revisit the saving of record images from Ancestry.com, noting the differences between the Standard and Advanced Image Viewers.

For questions, contact Dick Humphrey at rlh1335@gmail.com.

Sunday, February 10, 2013
4:00 p.m.? 6:00 p.m.
Southern California Genealogical Society Family Research Library
417 Irving Drive
Burbank, California 91504

Source: http://scgsgenealogy.blogspot.com/2013/01/scgs-family-tree-maker-software-user.html

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Sunday, January 27, 2013

Stocks approaching 2007 record highs

3 hrs.

NEW YORK?- U.S. stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.

Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.

The Standard & Poor's 500 Index has gained 5 percent this year - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average is less than 3 percent away from all-time highs reached in October 2007.

"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, N.J. "That may be the start of a rise that could take equities near 1,800 within the next few years."

The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is less than 4 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on Oct. 11, 2007.

The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.

That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.

All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.

Energy shares led the way with a gain of 6.6 percent, followed by industrials, up 6.3 percent. Telecom, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.

More than 250 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.

"If you peel back the onion a little bit, you start to look at companies like Precision Castparts, Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minn.

The gains have run across asset sizes as well. The S&P small-cap index has jumped 6.1 percent and the S&P mid-cap index has shot up 6.8 percent so far this year.

Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.

"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.

The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 and in the past, its drop has suffocated stocks' broader gains.

In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.

Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.

The market's resilience could be tested next week with the release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.

"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Ala. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."

A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc, Amazon.com Inc, Ford Motor Co and Pfizer Inc .

On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.

Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.

"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."

Copyright 2013 Thomson Reuters.

Source: http://www.nbcnews.com/business/bears-hibernation-u-s-stocks-near-record-highs-1C8133666

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Senators nearing agreement on broad immigration reform proposal (Washington Post)

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West continues to drift into Democrats' column (The Arizona Republic)

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Saturday, January 26, 2013

Images suggest NKorea ready for nuke test (The Arizona Republic)

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Debunking the personal finance gurus - Fortune Features

By Scott Cendrowski, writer

the_weekly_read_logoFORTUNE -- Managing your own retirement money stinks. I'm decades away from retirement, but every prospective move I consider for my 401(k) fills me with dread. Should I overweight small cap value stocks right now? Can I reasonably keep 20% of my assets in cash? Can I avoid bonds forever? I'm afraid if I get things wrong, I'll end up a beggar. Or worse, I'll be easy prey for the get-rich-quick schemes hawked to retirees whose nest eggs have fallen short.

Surveys of workers near retirement prove I'm not the exception. Millions of amateur investors are living scared like me. In times like these, it's no surprise that the personal finance industry is thriving. Nervous investors holding trillions of dollars in assets make for reliable customers. The problem is, much of the industry's advice has turned out to be questionable. And for investors low on assets, it's often just plain rotten.

You learn how bad it gets in Helaine Olen's Pound Foolish: Exposing the Dark Side of the Personal Finance Industry. Olen spent years as a personal finance columnist at the Los Angeles Times before moving to New York City. It's not just those near retirement who have it hard, she writes. Millions more are being led astray in their day-to-day finances by self-proclaimed experts like Suze Orman and Dave Ramsey.

Olen tours the wrecked finances of America's middle and lower classes, asking not only how we got here, but who's helping us get out? The two themes are enough fodder for separate books, and that's one of my early criticisms. Still, she starts by rightly framing the romantic relationship between Americans and their money during the 1980s and 1990s. "If it wasn't working out for you, you must be doing something wrong," was the prevailing wisdom, she writes, when all your neighbors were getting rich off stocks, and a rich retirement was as certain as Cisco (CSCO) stock going up. She continues, "As the national savings rate plunged over the 1980s and 1990s to near zero by the mid-2000s, instead of examining the rising costs of housing, education, and medical care, a chorus of scolds emerged to call us a nation of overspenders."

pound_foolish_book_coverWhat got us here wasn't the stock market crash or the housing collapse. As Olen writes, it was three decades of growing income inequality, when college tuition rose three times the rate of inflation, stagnant wages made paying the same mortgage more costly, and an astounding 62% of personal bankruptcies -- two-thirds of all filings in 2007 -- were caused by unexpected medical expenses.

These facts alone are enough for Olen to shame one of the most popular personal finance gurus of the '90s. David Bach, a former Morgan Stanley (MS) manager who parlayed his charisma into book deals and Today Show appearances, preached a simple, if specious, concept: that $5 Starbucks tabs were coming between you and retirement riches. As a guy who only drinks Starbucks gratis at work, I'm attracted to his pitch. But not only was it misleading, it ignored what was really hurting Americans.

Bach's argument was that a $5 daily bill at Starbucks (SBUX) adds up to $150 a month, or $2,000 a year. If you assume, as Bach did, that you could invest that money in stocks earning 11% a year, you're talking about $2 million at retirement. Talk about results. Pinch a few pennies and you're rich. This frugal-millionaire concept spawned a whole publishing genre in the 1990s. Among the bestsellers: The Millionaire Next Door, Millionaire Women Next Door, Smart Women Finish Rich, The Millionaire Mind, Stop Acting Rich, The One Minute Millionaire, The Top 10 Distinctions Between Millionaires and the Middle Class, Millionaire By Thirty, The Millionaire Maker, and The Automatic Millionaire, among others.

But Olen proves the weakness of Bach's argument. First, who pays $5 a day, every day, at Starbucks? A latte costs far less. Even if we accept his $5 a day assumption, the total comes to $1,825 at year's end, not $2,000. But it's Bach's assumption of 11% stock returns that dooms him. Historically, stock returns have been a couple points less. When you add in taxes and inflation, your coffee savings turns out to be $173,000 in retirement -- not inconsequential, but far short of the headline-grabbing $2 million.

More important was the fact that Americans didn't have a latte problem -- at least not a big one. They had an everything-else-they-couldn't-control problem. Olen shows that housing, healthcare, and education cost the average family 75% of their discretionary income in the 2000s. Just three decades earlier, the figure was 50%. In other words, the average family spent 50% more in the last decade to go about their same daily business.

After roasting Bach, who may have been the country's most prominent personal finance "expert" for a time, Olen loses steam. This is where the book diverges from the effects of growing income inequality to Olen's research into a smorgasbord of frauds, hucksters, and shams preying on retirees who haven't saved enough.

In successive chapters she takes on poorly constructed 401(k)s, rip-off annuities, whackos at a conference called MoneyShow, and the myth that real estate always makes you rich. Olen serves up a few compelling scenes. One booth at the MoneyShow conference in Orlando has the gall to promise 70% annual returns. Elsewhere, annuity salesmen learn how to "tell a story" to earn higher commissions. Yet much of her material seems stale.

Other reviewers have noticed that the evidence Olen uses to criticize a bevy of experts seems pieced together from web clippings and previous investigative reports. She turns it into a narrative, but one that is often unimaginative and tedious.

If you love Suze Orman, Dave Ramsey, CNBC's daytime hosts, or your broker, you owe it to yourself to read Olen's book. You need to challenge your assumptions. These so-called experts who spout investing myths are building their brands and making money, not leading you to financial freedom. Be warned: You won't learn how to manage your investments from Olen's account. (You'll have to visit a site like Vanguard's for that.) But you will learn that saving and investing the right way is tough, and that a lot of "experts" out there make it even harder.

Our Weekly Read column features?Fortune?staffers' and contributors' takes on recently published books about the business world and beyond. We've invited the entire?Fortune?family -- from our writers and editors to our photo editors and designers -- to weigh in on books of their choosing based on their individual tastes or curiosities.

More Weekly Reads

Source: http://features.blogs.fortune.cnn.com/2013/01/25/helaine-olen-pound-foolish/

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A New Study Evaluates Non-Hormonal Treatments For Hot Flashes ...

Whether you have reached a turning point in your life, or whether you just feel like having a change and shaking things up a bit, this is the book for you. Plus-Size-Magazine.com is a site dedicated to women and men?s plus size fashion and we believe that you can look beautiful no matter what size you are.

Follow our EASY steps to looking great. This style guide will show you how to figure out your body shape, choose the right lingerie, style your hair and make-up, customize your clothes to save money, and the best places to shop online and offline.

?Makeovers for women: 40, Curvy, and Ready for a Change? is the best investment a plus size woman can make to gain know-how, tools, and advice on how to look expensive for little money. For instance, we tell you why finding the right bra can benefit both your health and your appearance. We give you easy tips to use immediately and an informative list of resources on how to dress up on the cheap.

As a leading online resource for plus size women seeking advice on Fashion and Lifestyle, we have put together this book to share with you our best secrets to achieving an affordable make-over that will leave you feeling priceless.

With over five years? experience in the plus size fashion industry, we know the trials and tribulations of plus size shopping, and the kind of problems Curvy Women encounter when trying to dress fashionably and on a budget. Fit, price, lack of availability, limited choices.... Sound familiar?

You are not alone in your plus size shopping frustration! Many of our readers have asked us for solutions to their problems, and over the years we have enlisted experts and professionals to help us answer them. Use our fashion advice to arm yourself with actionable tips that fit you body type. Hairstyle makeovers are one the cheapest ways to look better and we have found for you expert advice from a hair stylist that caters to full-figured women with round faces.

No extreme makeovers here, no magic makeover software ! We don?t want you to change, instead we are here to help you become the most magnificent version of yourself, and to show you how you can do all this without breaking the bank. Shopping for plus size clothing to create your own plus size style does not have be difficult.

From accessorizing your plus size dress to applying makeup on a round face, you will be able to change your looks with no diet and no surgery.

Buying countless new items and more and more makeup, might make you feel better, but it won?t help your cost cutting. We have created this book with the knowledge we have gathered together from years in the industry. We bring you insider tips from professionals, as well as fantastic recommendations from our readers.

So what are you waiting for? Get stuck into this book and learn how to make the most of your figure, and save money doing it!

Table of contents:

Source: http://www.jackiesbazaar.com/womensinterests/plus-size/a-new-study-evaluates-non-hormonal-treatments-for-hot-flashes

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Friday, January 25, 2013

Where Are the Ray Krocs of the Social Sector? - Harvard Business ...

If you were offered the opportunity to finance a high risk, low return investment, how eager would you be to write a check? That is exactly the premise of most impact investing opportunities today. Until the return outweighs the risk, impact investing will remain a small niche category. To solve more social challenges in a financially sustainable way, we need to create opportunities with safe, dependable social and financial returns. It's time to bring a proven business model to the social enterprise space: the franchise.

Franchising has a special place in our economic system. It's not sexy, but it's effective. For example, it's much less risky to franchise a restaurant than to start your own. That's what Ray Kroc did: He franchised a McDonald's, bought the company, and grew it to the largest restaurant chain in the world, with over 31,000 locations today, 80 percent of which are franchised. We need to find and support the Ray Krocs of the social sector, who can seek out promising social enterprise ideas sourced by philanthropic capital and take them to scale.

Right now we're effectively asking every social business to start from scratch. We conflate inventors with developers of social enterprises and romanticize the celebrity social entrepreneur. Instead, we should be searching for professional managers and investing in their capacity to turn a social entrepreneur's vision into a scalable, sustainable business. We should package proven social business models that motivated franchisees could copy. These business people would spend their energy building the business in a new market not experimenting with an untested model. This would provide scale to social enterprises and reliable returns to those who invest in them.

If we want to have an impact on a global level, we must stop using one-off social business models and find ways to replicate what works. Take Groupe SOS in France, one of the largest social enterprises in the world with 10,000 employees, one million beneficiaries, and $750 million in annual revenues. Over the past 28 years, they've refined nine different business models to serve traditionally excluded individuals. They're now actively working to franchise these proven models to other geographies, most promisingly in Seoul, South Korea.

To bring the franchise model to the social sector, we need to do four things:

  1. Determine which models work. We know there are great models out there but we need to understand which have gone through the proof of concept phase and are ready to be taken to the next level. To determine which are appropriate for franchising, we need to sift through the multiple channels ? early-stage impact investing funds, academic field research, entrepreneurial competitions ? and find social businesses that are successful and scalable.
  2. Package the essential elements of each model. A restaurant franchise buys the core elements of the business ? brand, menu, advertising. But then they adapt those fundamentals to their environment to make it successful. The core pieces of a winning social enterprise model must be packaged in a way that's portable to different environments. We aren't na?ve to think that one size fits all, but there's a lot to be gained by bringing best practices and proven strategies to new geographies in thoughtful ways.
  3. Educate and "sell" to franchisees. Once the fundamentals of a working model have been packaged, we must help people find the opportunities. We can equip them with ready-to-launch models and the basic management skills to take them to new markets ? everything from impact measurement to supply chain management. We might consider offering a training curriculum within a university or another organization that would educate the franchisee on the business model and effective management, and then provide both start-up and ongoing support.
  4. Support the franchises. Like a restaurant franchise that shares advertising costs, centrally develops new menu items, and shares other resources, we need to provide ongoing support for social impact franchisees. The nature of this support will vary, but this ability to spread the risk, reward, costs, and resources between the home office and independent franchisees is a core benefit. This two-way relationship will also improve the underlying business model as each franchisee provides valuable feedback on what's worked and what hasn't in his or her market.


We need to match the willing, motivated people who can change the world if they're given a blueprint with the vast amount of investment capital that wants the same. Right now we're missing a huge opportunity that's right in front of our noses. Instead of teaspoons of capital being spread across small entrepreneurs all over the world, we need to find proven models, capitalize them, train the management teams, and take them to scale. If we're willing to let go of the artisanal nature of social enterprise, we can have global impact.

Follow the Scaling Social Impact insight center on Twitter @ScalingSocial and register to stay informed and give us feedback.

Scaling Social Impact
Insights from HBR and the Bridgespan Group

Source: http://blogs.hbr.org/cs/2013/01/where_are_the_ray_krocs_of_the.html

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Public Debt Management for the Third Quarter of 2012-13 (Oct-Dec ...




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?The report on Public Debt Management for the third quarter of 2012-13 (Oct-Dec 2012) has been released by the Ministry of Finance and will be placed on the Ministry?s website i.e. www.finmin.nic.in today. The said report is attached here with as well.

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???? The present report pertains to the third quarter of the fiscal year 2012-13, viz., October-December 2012. It gives an account of the debt management and cash management operations during the quarter, and attempts a rationale for major activities. The report also tries to provide detailed information on various aspects of debt management. While all attempts have been made to provide authentic and accurate information, it is possible that some errors might have crept in inadvertently. Readers may inform us of such errors, as indeed their valuable suggestions, at mo-dea@nic.in.

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? The Middle Office was set-up in September 2008 in Department of Economic Affairs, Ministry of Finance, Government of India. With the objective of enhancing transparency of debt management operations, the Middle Office began publishing on its website a quarterly report titled ?Public Debt Management - Quarterly Report? from the first quarter of the fiscal year 2010-11. The previous reports are available on the website of Ministry of Finance (http://finmin.nic.in/reports/Public_Debt_Management.asp).

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Click here to See Report

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DSM/RS/rs

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(Release ID :91803)

Source: http://www.pib.nic.in/newsite/erelease.aspx?relid=91803

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