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Wednesday, March 6, 2013

Venezuela announces death of President Chavez

AAA??Mar. 5, 2013?5:30 PM ET
Venezuela announces death of President Chavez
By FABIOLA SANCHEZ and FRANK BAJAKBy FABIOLA SANCHEZ and FRANK BAJAK, Associated Press? THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES

THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES

In this photo released by Miraflores Presidential Press Office, Venezuela's Vice President Nicolas Maduro, right, addresses the nation from Miraflores presidential palace as Governor Adan Chavez, the older brother of President Hugo Chavez, looks on in Caracas, Venezuela, Tuesday, March 5, 2013. Maduro met with top Venezuelan government ministers, the military high command and all 20 loyalist governors in Caracas following word of President Hugo Chavez's deteriorating health. (AP Photo/Miraflores Presidential Press Office)

People sit in a restaurant where a TV on the wall shows a live image of Venezuela's Vice President Nicolas Maduro addressing the nation on state television during a government meeting in Caracas, Venezuela, Tuesday, March 5, 2013. Maduro met with top Venezuelan government ministers, the military high command and all 20 loyalist governors in Caracas following word of President Hugo Chavez's deteriorating health. (AP Photo/Ariana Cubillos)

In this photo released by Miraflores Presidential Press Office, Venezuela's Vice President Nicolas Maduro, top center in white, addresses the nation from Miraflores presidential palace during a meeting with top government ministers, the military high command and all 20 loyalist governors in Caracas, Venezuela, Tuesday, March 5, 2013. Maduro says the government of President Hugo Chavez plans to expel a U.S. Embassy official for meeting with military officers and planning to destabilize the country. Maduro spoke hours after the government said Chavez was in "very delicate" health after undergoing cancer surgery in December. The large images on display in the room are of Venezuela's independence hero Simon Bolivar. (AP Photo/Miraflores Presidential Press Office)

A student protestor demanding more information about President Hugo Chavez's health reads a newspaper with a front page headline that reads in Spanish; "The President worsens," in Caracas, Venezuela, Tuesday, March 5, 2013. A brief statement read on national television by Communications Minister Ernesto Villegas late Monday carried the sobering news about the charismatic 58-year-old leader's deteriorating health. Villegas said Chavez is suffering from "a new, severe infection." The state news agency identified it as respiratory. (AP Photo/Fernando Llano)

A poster of Venezuela's President Hugo Chavez is seen through a cross-shaped window, from inside the military hospital's chapel, in Caracas, Venezuela, Tuesday, March 5, 2013. A brief statement read on national television by Communications Minister Ernesto Villegas late Monday carried the sobering news about the charismatic 58-year-old leader's deteriorating health. Villegas said Chavez is suffering from "a new, severe infection." The state news agency identified it as respiratory. (AP Photo/Ariana Cubillos)

CARACAS, Venezuela (AP) ? Venezuela's defense minister is pledging that the military will remain loyal to the constitution in the wake of President Hugo Chavez's death.

Admiral Diego Molero appeared on national television to appeal for "unity, tranquility and understanding" among Venezuelans.

He says troops will safeguard the sovereignty of the country.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-05-Venezuela-Chavez/id-6652d77b875c46daa63acabf572754bc

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Republicans unveil government funding measure

President Barack Obama welcomes his new Defense Secretary Chuck Hagel, right, as he speaks to members of the media at the start of a cabinet meeting in the Cabinet Room of the White House in Washington, Monday, March 4, 2013. From left are, Education Secretary Arne Duncan, Health and Human Services Secretary Kathleen Sebelius, Obama and Hagel. (AP Photo/Pablo Martinez Monsivais)

WASHINGTON (AP) ? Republicans controlling the House moved Monday to ease a crunch in Pentagon readiness while limiting the pain felt by such agencies as the FBI and the Border Patrol from the across-the-board spending cuts that are just starting to take effect.

The effort is part of a huge spending measure that would fund day-to-day federal operations through September ? and head off a potential government shutdown later this month.

The measure would leave in place automatic cuts of 5 percent to domestic agencies and 7.8 percent to the Pentagon ordered by President Barack Obama Friday night after months of battling with Republicans over the budget. But the House Republicans' legislation would award the Defense and Veterans Affairs departments their detailed 2013 budgets, giving those agencies more flexibility on where money is spent, while other agencies would be frozen at 2012 levels ? and then bear the across-the-board cuts.

The impact of the new cuts was proving slow to reach the broader public as Obama convened the first Cabinet meeting of his second term to discuss next steps.

The Pentagon did say it would furlough thousands of military school teachers around the world and close commissaries an extra day each week. And Homeland Security Secretary Janet Napolitano said the spending cuts were causing delays in customs lines at airports including Los Angeles International and O'Hare International in Chicago.

Obama said he was continuing to seek out Republican partners to reach a deal to ease or head off the cuts, but there was no sign that a breakthrough was in the works to reverse them.

The new GOP funding measure is set to advance through the House on Thursday. It's aimed at preventing a government shutdown when a six-month spending bill passed last September runs out March 27.

The latest measure would provide a $10 billion increase for military operations and maintenance efforts and a boost for veterans' health programs, but would put most the rest of the government on budget autopilot. Military operations in Afghanistan and Iraq would be cut to $87 billion ? down from $115 billion last year ? reflecting ongoing troop withdrawals from Afghanistan.

"It is clear that this nation is facing some very hard choices, and it's up to Congress to pave the way for our financial future," said bill sponsor Harold Rogers, R-Ky., chairman of the House Appropriations Committee. "But right now, we must act quickly and try to make the most of a difficult situation. This bill will fund essential federal programs and services, help maintain our national security, and take a potential shutdown off the table.

Senate Democrats want to add more detailed budgets for domestic Cabinet agencies but it'll take GOP help to do so. The House measure denies money sought by Obama and his Democratic allies to implement the signature 2010 laws overhauling the health care system and financial regulation.

After accounting for the across-the-board cuts, domestic agencies would face reductions exceeding 5 percent when compared with last year. But Republicans would carve out a host of exemptions seeking to protect certain functions, including federal prisons and fire-fighting efforts in the West, and to provide new funding for embassy security and modernizing the U.S. nuclear arsenal. The FBI and the Border Patrol would be able to maintain current staffing levels and would not have to furlough employees.

The legislation would provide about $2 billion more than the current level to increase security at U.S. embassies and diplomatic missions worldwide. Last September, a terrorist attack on the U.S. diplomatic mission in Benghazi, Libya, killed Ambassador Chris Stevens and three other Americans.

A project to repair the Capitol Dome in Washington could stay on track, and NASA's space flight budget would be protected from the harshest effects of the automatic cuts, known in Washington as a sequester. An initiative to upgrade the Coast Guard fleet would be funded as well.

The across-the-board cuts would carve $85 billion in spending from the government's $3.6 trillion budget for this year, concentrating the cuts in the approximately $1 trillion allocated to the day-to-day agency operating budgets set by Congress each year. Those so-called discretionary accounts received big boosts in the first two years of Obama's presidency when Democrats controlled Congress but have borne the brunt of the cuts approved as Obama and Republicans have grappled over the budget.

Both Democrats and Republicans for months have warned the cuts are draconian and would slow the growth of the economy and cost hundreds of thousands of jobs. The nonpartisan Congressional Budget Office, for instance, says they would slow the economy by 0.6 percent and cost about 750,000 jobs.

Obama presided Monday over the first meeting of his new-look Cabinet in a sobering climate of fiscal belt-tightening, urging humane management of spending cuts for communities and families that are "going to be hurting."

"We can manage through it," the president told reporters. Obama and members of his Cabinet had been warning for weeks that the cuts would be painful, but the fact is they will be slow to take effect, with the first furloughs of government workers not due until next month. Cuts to many programs may go unnoticed entirely.

The White House budget office's 83-page sequestration order was released Friday evening, detailing the cuts to more than 1,000 separate government accounts, big and small. Cuts of 7.8 percent that are set to strike defense accounts include $5.2 billion for construction at Army bases. Other accounts are far smaller, like $32 million to operate and maintain the St. Lawrence Seaway.

Each agency is supposed to apportion the cuts equally to each "program, project and activity" within the broader accounts, which gives agency heads some flexibility since it's up to them to define what that means. And it's not clear what recourse others would have if they disagreed with an agency's choices.

"That leaves it pretty much to the administrators in the agency in which that account falls to determine how he's planning on applying it," said G. William Hoagland, a budget expert with the Bipartisan Policy Center. "I don't know that anybody's going to be held accountable if some administrator defines a project the way he wants to define it."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-03-04-Budget%20Battle/id-e5ef0e94d3df4cf7a47e58fabba9fbb3

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Friday, March 1, 2013

RESTAURANTS AND FOOD IN CORK: Food and Drink Spotting

Food and Drink Spotting

Foll?in No Added Sugar Jams
Couldn?t have been better timed by the folks at Foll?in. A couple of samples of their new No Added Sugar Range of jams arrived in the post this morning, just as my previous marmalade reached the end of the jar. Luckily, they had included Marmalade and that pot got an immediate test! And passed, with flying colours.

Like the jams in the range, the marmalade has no sugar added. Only the natural sweetness of concentrated grape juice is used. This natural grape juice sweetness produces a delicious fresh taste! And that trademark tang of the orange is still there. And the blackcurrant is brilliant also, a terrific balance of tasty fruit and flavour

The No Added Sugar range includes that Orange Marmalade and the following jams: Blackcurrant, Blackberry, Raspberry, Strawberry, Rhubarb & Vanilla and Apricot. Must get my hands on the Blackberry (my favourite of the regular range) and also on the Apricot which has won the Gold Medal at the UK Great Taste Awards!

Health & Nutrition: When it comes to eating healthy, Foll?in No Added Sugar and Salt range of preserves and relishes are very convenient for those wishing to reduce the salt and sugar content of their diet. They are also recommended for diabetics wishing to use a no added sugar jam or marmalade. The Foll?in No Added Sugar/Salt Range are 100% natural, made from fresh fruit prepared meticulously by hand and contain no added sugar, no artificial colours or preservatives and are sweetened naturally with grape juice. They are also gluten free.

?15 grams of Foll?in No Added Sugar jam or marmalade only contains approximately 25 kcal and 5 grams of carbohydrate. Compare this with a normal jam or marmalade where a similar amount (15 grams) contains approximately 40kcal and 10 grams of carbohydrate.?

For lots of info on Foll?in Preserves (they also do some great relishes), and more info from their consultant nutritionist Niamh O?Connor, check out their website here . They also have a lively Facebook page with lots of recipes (just in case you thought jam was something you just spread on bread) and the link is https://www.facebook.com/FollainIrishPreserves?fref=ts

Celebration Stout

I am constantly trying to find an ale that I can really call my own but, almost effortlessly, I keep finding great stouts. The latest is the Porterhouse Celebration Stout (Imperial Irish Stout), available in bottle (33cl) in Bradley?s. North Main Street, Cork.

This is just the job. It comes with a lasting creamy head with a smooth flavoursome body and quite a dry finish. What?s not to like? Well, maybe a bigger bottle. Then again, it is 7% abv.

Treyvaud's Restaurant

Treyvauds is located in Killarney Co Kerry and one of Munster's leading restaurant. Paul Treyvaud has set up their own video channel. ?We like to show you how to cook amazing food but also how to make it fun. Join us and please subscribe to ...?http://www.youtube.com/user/branson47?feature&view

Killavullen Farmers' Market (via Facebook)

Next Farmers Market is this coming Saturday, March 2, at 10.30am. ?We're under cover so don't let the threat of wet weather stop you from coming out!! We would love to see you.?

IKEA Meatballs (from Australia) http://www.foodspotting.com/reviews/3191950

Bia S?sta via Facebook

A garden workshop is coming up @ The Cottage (headquarter of Bia S?sta) on 23rd March. Learn how to grow your own vegetables, the easy way. Tips & tricks from a pro - Kitty Scully. Email biasasta@hotmail.com for further details https://www.facebook.com/pages/Bia-S%C3%A1sta/251338791605913

Source: http://www.corkbilly.com/2013/02/food-and-drink-spotting_28.html

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Thursday, February 28, 2013

FCC to Hold Hearing on Network Resilience and Reliability

The Federal Communications Commission (FCC) has announced its second National Field Hearing on Thursday, Feb. 28th, to examine challenges to the nation?s communications systems during natural disasters and other times of crisis. An agenda has not yet been released. This FCC public hearing is one of the first times in recent years a national hearing on reliability and resilience of communications systems is being held on the West Coast.

FCC?National Field Hearing Details

When:?Thursday, Feb. 28th
Where:?NASA Ames Research Center at Moffett Field, California
Time: 1 p.m. to 3:30 p.m. PST

The FCC sets policy in the public safety emergency communications areas, particularly for 9-1-1 and E9-1-1, emergency alerting, operability and interoperability of public safety communications, communications infrastructure protection and disaster response, and network security and reliability. In a major natural disaster or other crisis rising to the level of a national emergency, the FCC?s mission is to ensure continuous operations and restore critical communications systems and services. Examples of the FCC?s work include:

The Emergency Alert System, a national public warning system requiring TV and radio broadcasters, cable television operators, satellite digital audio radio providers, and direct broadcast satellite operators to provide communications capability for the President to address the nation;
9-1-1 and E9-1-1 emergency alert and warning systems about impending disasters and other emergencies, using multiple communications technologies to reach the public, including wireless communications devices;
An interoperable public safety communications system for users, using the 700 MHz spectrum, the 800 MHz spectrum and VHF/UHF narrowbanding; and
During an emergency, the FCC collects outage data, working with the communications sector to understand what is operational versus non-operational due to the disaster, and to assist in restoration of the critical services.

In the last few years, the FCC has increased its activity in this area, particularly after the Japanese 9.0 earthquake and the 23-foot tsunami that followed on March 11, 2011. Best practices were sought to be learned from Japanese officials after that major disaster.

The FCC says it is looking at ways to strengthen the reliability and resiliency of the nation?s communications system, especially during this time of rapid transition from legacy networks (landline telephone or cable networks) to new broadband technology.

Reliability of communication systems is of great importance to public safety, health-care providers and the financial sector, not to mention educational institutions, business and consumers. In the last few years, the FCC opened dockets to look at existing efforts by the affected industries to address continuity of communications service during major disasters, standards for broadband networks, and the FCC?s role and legal authority in this area.

This story was originally published at Techwire.net

Main image courtesy of Shutterstock

Source: http://www.govtech.com/public-safety/FCC-to-Hold-Hearing-on-Network-Resilience-and-Reliability.html

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Pistorius representatives name substance found

FILE - In this photo taken Friday, Feb. 22, 2013 Olympic athlete, Oscar Pistorius, in court in Pretoria, South Africa, for his bail hearing charged with the shooting death of his girlfriend, Reeva Steenkamp. Even if Pistorius is acquitted of murder, firearms and legal experts in South Africa believe that, by his own account, the star violated basic gun-handling regulations by shooting into a closed door without knowing who was behind it, exposing himself to the lesser but still serious charge of culpable homicide. (AP Photo/Themba Hadebe, File)

FILE - in this photo taken Friday, Feb. 22, 2013 Olympic athlete Oscar Pistorius stands in the dock during his bail hearing at the magistrate court in Pretoria, South Africa. Even if Pistorius is acquitted of murder, firearms and legal experts in South Africa believe that, by his own account, the star violated basic gun-handling regulations by shooting into a closed door without knowing who was behind it, exposing himself to the lesser but still serious charge of culpable homicide. (AP Photo/Themba Hadebe-File)

FILE - In this photo taken Friday, Feb. 22, 2013 Olympic athlete Oscar Pistorius stands in the dock during his bail hearing at the magistrate court in Pretoria, South Africa. Even if Pistorius is acquitted of murder, firearms and legal experts in South Africa believe that, by his own account, the star violated basic gun-handling regulations by shooting into a closed door without knowing who was behind it, exposing himself to the lesser but still serious charge of culpable homicide. (AP Photo/Themba Hadebe-File)

JOHANNESBURG (AP) ? Oscar Pistorius' representatives have named the substance found in his bedroom after the shooting death of his girlfriend as Testis compositum and said Wednesday it is an herbal remedy used "in aid of muscle recovery."

A product called Testis compositum is also marketed as a sexual enhancer, good for lack of stamina. Some online retailers advertise oral and injectable forms as testosterone boosters and say it can aid sexual performance.

South African police said during Pistorius' bail hearing that they found needles in Pistorius' bedroom along with the substance, which they initially named as testosterone. Prosecutors later withdrew that statement identifying the substance and said it had been sent for laboratory tests and couldn't be named until those tests were completed.

Pistorius family spokesperson Lunice Johnston said in an email to The Associated Press on Wednesday that the athlete's lawyers had confirmed that the substance is Testis compositum. In court last week, Pistorius' defense lawyer Barry Roux said the substance was not banned by sports authorities, but it had been unclear what it was and what the exact name was.

A product called Testis Compositum is made by Biologische Heilmittel Heel GmbH, based in Baden-Baden, Germany. The company website says it is one of the world's leading makers of homeopathic combination medications.

A U.S. subsidiary, Heel USA Inc., markets the product in tablet form only and spokeswoman Joan Sullivan said she didn't know if injectable versions are sold in other countries. Heel USA's website says the product provides temporary relief for men's "sexual weakness" and lack of stamina.

The U.S.-sold tablets contain 23 ingredients, including pig testicles, pig heart, pig embryo and pig adrenal gland, cortisone, ginseng and other botanicals. It also contains several minerals, according to a list Sullivan provided.

Charles Yesalis, a Penn State professor emeritus and expert on steroid use in sports, said animal steroids likely wouldn't have an athletic performance-enhancing effect unless taken in huge quantities. Even so, he said many elite athletes would be wary of using such supplements because they can be laced with banned substances and few would want to risk it.

The company website listed a South African subsidiary as ModHomCo (Pty) Ltd., based in Centurion, near Pretoria. That company couldn't immediately be reached for comment.

Pistorius was charged with premeditated murder in the Feb. 14 shooting death of girlfriend Reeva Steenkamp. He says he shot her by accident after mistaking her for an intruder in his home. Prosecutors allege he intended to kill her.

___

AP Medical Writer Lindsey Tanner in Chicago contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-02-27-Pistorius-Substance/id-a7ae587b686b4261bc161e3fa03ac630

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Friday, February 22, 2013

Scientists make older adults less forgetful in memory tests

Feb. 21, 2013 ? Scientists at Baycrest Health Sciences' Rotman Research Institute (RRI) and the University of Toronto's Psychology Department have found compelling evidence that older adults can eliminate forgetfulness and perform as well as younger adults on memory tests.

Scientists used a distraction learning strategy to help older adults overcome age-related forgetting and boost their performance to that of younger adults. Distraction learning sounds like an oxymoron, but a growing body of science is showing that older brains are adept at processing irrelevant and relevant information in the environment, without conscious effort, to aid memory performance.

"Older brains may be be doing something very adaptive with distraction to compensate for weakening memory," said Ren?e Biss, lead investigator and PhD student. "In our study we asked whether distraction can be used to foster memory-boosting rehearsal for older adults. The answer is yes!"

"To eliminate age-related forgetfulness across three consecutive memory experiments and help older adults perform like younger adults is dramatic and to our knowledge a totally unique finding," said Lynn Hasher, senior scientist on the study and a leading authority in attention and inhibitory functioning in younger and older adults. "Poor regulation of attention by older adults may actually have some benefits for memory."

The findings, published online February 21 in Psychological Science, ahead of print publication, have intriguing implications for designing learning strategies for the mature, older student and equipping senior-housing with relevant visual distraction cues throughout the living environment that would serve as rehearsal opportunities to remember things like an upcoming appointment or medications to take, even if the cues aren't consciously paid attention to.

The study

In three experiments, healthy younger adults recruited from the University of Toronto (aged 17- 27) and healthy older adults from the community (aged 60 -- 78) were asked to study and recall a list of words after a short delay and again, on a surprise test, after a 15-minute delay.

During the delay period, half of the studied words occurred again as distraction while people were doing a very simple attention task on pictures. Although repeating words as distracters had no impact on the memory performance of young adults, it boosted older adults' memory for those words by 30% relative to words that had not repeated as distraction.

"Our findings point to exciting possibilities for using strategically-placed relevant distraction as memory aids for older adults -- whether it's in classroom, at home or in a long term care environment," said Biss.

While older adults are watching television or playing a game on a tablet, boosting memory for goals (such as remembering to make a phone call or send a holiday card) could be accomplished by something as simple as running a stream of target information across the bottom of their tablet or TV.

The study was supported by a grant from the Canadian Institutes of Health Research and the Natural Sciences and Engineering Research Council of Canada.

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Story Source:

The above story is reprinted from materials provided by Baycrest Centre for Geriatric Care.

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

Journal Reference:

R. K. Biss, K. W. J. Ngo, L. Hasher, K. L. Campbell, G. Rowe. Distraction Can Reduce Age-Related Forgetting. Psychological Science, 2013; DOI: 10.1177/0956797612457386

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

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

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/4h0AXX1deF4/130221143946.htm

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Why Bears May Be Disappointed by Wal-Mart' s Earnings - Minyanville

Wal-Mart Stores, Inc.'s (NYSE:WMT) options pits saw a flurry of put activity on Wednesday, with bearish traders placing last-minute bets ahead of this morning's earnings announcement. Around 31,000 contracts crossed the tape by the time the closing bell rang, more than tripling the average daily put volume. Short-term speculators set their sights on the out-of-the-money 67.50 strike, and scooped up WMT's February 22 67.50-strike puts and March 67.50 puts. A healthy percentage at each strike traded at the ask price, implied volatility ticked higher, and open interest rose overnight, hinting at buy-to-open activity.

The February 22 67.50-strike puts were purchased for a volume-weighted average price (VWAP) of $0.34 per contract. In other words, WMT must fall 5% below current levels by the end of the week -- when the options expire -- to breach breakeven at $67.16 (strike less the VWAP). As of Wednesday's close, delta for this position was perched at negative 0.25, or 25%, meaning the options market is assuming a 1-in-4 chance the puts will finish in the money by Friday's close.

Meanwhile, the March 67.50 puts were exchanged for a VWAP of $0.85, placing breakeven for these further-dated puts at $66.65, or 5.7% south of present levels. This particular group of option traders must be pretty confident in their bearish outlook, considering implied volatility at this put is inflated relative to the stock's 20-day historical (realized) volatility (22% vs. 13.6%). In other words, these speculators ponied up a pricey premium to place these bets; however, their risk is limited to the net debit paid.

Digging deeper into the data reveals that bears have been circling around WMT in recent weeks. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), traders have bought to open nearly two puts for every call during the past 10 sessions. The resultant put/call volume ratio of 1.90 ranks higher than 89% of other such annual readings, pointing to a healthier-than-usual appetite for bearish bets over bullish of late.

On the charts, WMT has added roughly 20% over the past 52 weeks. However, the stock has struggled in recent months, with the shares down around 9% from their all-time high of $77.60, which was reached on October 16.

This downward trajectory has reversed course in today's session, however, after the Dow component reported a fourth-quarter profit that beat analysts' expectations. Additionally, the company raised its annual dividend payment by an historic 18% to $1.88 per share. At last look, WMT was up more than 2% to hover near $70.70.

This article by? Karee Venema was originally published on Schaeffer's Investment Research.

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Twitter: @schaeffers

No positions in stocks mentioned.

Source: http://www.minyanville.com/trading-and-investing/options/articles/Why-Bears-May-Be-Disappointed-by/2/21/2013/id/48291

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