‘Planetary Parks’ Could Protect Space Wilderness

It’s a wilderness out there in outer space. And as robotic surrogates set the stage for human footprints on Mars and other planetary bodies, just how much respect for other worlds should we have?

One suggested response would establish planetary parks for the solar system, an answer that ties together space science and exploration, ethics, law, policy, diplomacy and communications.

The parks would be organized under a single management system, with clear regulations for protection and use. But just what are the benefits of establishing a park system on target planets and moons before starting an intense program of exploration, and exploitation, of bodies in our solar system?

Planetary protection

A system of planetary parks fits with the ideas of such groups as the Committee on Space Research, advocates of the proposal note. COSPAR’s long list of agenda items includes an active discussion of planetary protection.

COSPAR’s objectives are to promote, on an international level, scientific research in space, with emphasis on the exchange of results, information and opinions. The organization also aims to provide a forum, open to all scientists, for the discussion of problems that may affect scientific space research.

Indeed, participants broached the planetary parks idea in June 2010 during COSPAR’s Workshop on Ethical Considerations for Planetary Protection in Space Exploration, held at Princeton University.

Why now?

“I think the concept is a useful one, and as we know more about planets like Mars, there is even more reason to think about developing planetary parks as we have the information to define where they might go,” said Charles Cockell, a professor of astrobiology at the University of Edinburgh in Scotland, and a leading proponent of the notion.

A network of parks on Mars would aim to preserve different regions on the Red Planet because of the variety of environments it contains.

Mars is home to deserts, extinct shield volcanoes, canyons and polar ice caps. By preserving representative portions of these features, a diversity of planetary parks with different features of outstanding beauty and intrinsic, natural worth could be established. The parks would also allow for maximum preservation of scientific heritage, both geologically and — perhaps — biologically. [6 Most Likely Places for Alien Life in the Solar System]

Red Planet rules

Space preservationists could apply such a system elsewhere, including the moon, and on asteroids and satellites of the giant planets. But, specifically for Martian parks, the following rules might apply:

• No spacecraft or vehicle parts to be left within the park


• No landing of unmanned spacecraft within the park


• No waste to be left within the park


• Access only on foot or via surface vehicle along predefined routes, or by landing in a rocket-powered vehicle in predefined landing areas


• All suits, vehicles and other machines used in the park to be sterilized on their external surfaces to prevent microbial shedding

As for those dismissive of the idea, Cockell told SPACE.com that he thinks such reactions occur primarily because there isn’t anyone on Mars or anywhere else beyond Earth orbit at the moment — so why would you want to set up parks?  

Partly scientific, partly ethical

A few reasons explain why parks are a good idea, even without any people on Mars, advocates say.

“I think the reasons are two-fold. It is partly scientific and partly ethical,” Cockell said, pointing out:

• One scientific argument is that it’s useful to keep areas of other planetary bodies free of human activity, to maintain pristine conditions that can be used to answer scientific questions. This may turn out to be essential if researchers discover life elsewhere. It’s also consistent with existing COSPAR planetary-protection policies that seek to prevent harmful contamination of other planetary bodies in order to preserve their scientific potential.


• One ethical argument is that it says something about our species that we think about our actions elsewhere and attempt to mitigate our impact prior to establishing a permanent presence beyond the Earth. We might want to preserve some places in pristine condition for future generations. We may also want to protect unknown benefits that could potentially be gained from places in space that human activity has not altered.

Expansion of private enterprise

“I think now is the time to do this because we are entering into a new era of both government and private exploration, which promises the possibility of many new organizations developing a spacefaring capability,” Cockell said. “It would seem then that now is a good time to think about these questions afresh.”

Cockell said that the idea is not to restrict space exploration, but rather to ensure that it is done in a thoughtful and far-sighted manner.

“By establishing parks, we might better be able to define those areas that should be left free of regulations and free for commercial development,” Cockell said. “So they can be used as an impetus to help us think about places that should be left to ensure the unfettered expansion of private enterprise into space, as well as places we might want to turn into our first planetary parks.”

Potential-use conflicts

Another leading thinker in this area is Gerda Horneck, at the Institute of Aerospace Medicine at the German Aerospace Center (DLR) in Cologne, Germany. While not expressing an official view of DLR, she sees the initiative as analogous to national park systems right here on Earth.

“A planetary park system could extend the reasons for practical protection policies beyond the utilitarian protection of scientific resources emphasized by planetary protection … into other utilitarian and intrinsic value arguments,” Horneck told SPACE.com.

She added that such planetary park systems could still allow for the development of non-park areas by commercial enterprises, while incorporating regional protection for other objectives: scientific interest and use, preservation of historic value or natural beauty, or preservation for future generations.

“Thus, a strategy of planetary parks for the solar system could help solve future potential-use conflicts, incorporate both utilitarian and intrinsic-value arguments and be organized under a single management system, with clear regulations for protection and use,” Horneck said.

Such an approach would also address considerations about moral and legal definitions of wilderness on other planetary bodies, Horneck added, “and would allow us to express a respect for other worlds.”

Leonard David has been reporting on the space industry for more than five decades. He is former director of research for the National Commission on Space and a past editor-in-chief of the National Space Society’s Ad Astra and Space World magazines. He has written for SPACE.com since 1999.

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News

Title Post: ‘Planetary Parks’ Could Protect Space Wilderness
Url Post: http://www.news.fluser.com/planetary-parks-could-protect-space-wilderness/
Link To Post : ‘Planetary Parks’ Could Protect Space Wilderness
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..

Chinese, U.S. data push global shares to twenty-month high

LONDON (Reuters) - World shares hit a 20-month high on Friday as encouraging data from the United States and China boosted prospects for the global economy, while the yen hit new lows ahead of next week's Bank of Japan meeting.

China's economy grew at a slightly faster-than-expected 7.9 percent in the fourth quarter of 2012, the latest sign it is pulling out of a post-global financial crisis slowdown that produced its weakest year of economic growth since 1999.

The positive news came on top of strong U.S. labor and housing market reports on Thursday, providing fresh impetus to a recent strong and broad financial market rally.

MSCI's index of leading world shares <.miwd00000pus> was at it highest level since May 2011 at 551.90 points as trading got underway in Europe and after Tokyo and Hong Kong stock markets surged and the S&P 500 in New York hit a five-year high.

"We've got good numbers out of China, we had some good numbers out of U.S. yesterday ... The general sentiment is pretty good," said Neil Marsh, strategist at Newedge.

"There will probably be some phases of consolidation as we go forward, but the markets remain pretty resilient. More people are putting their cash to work now in riskier assets like equities, and there is no sign of that stopping at the minute."

European stocks opened higher, with London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> up between 0.2 and 0.3 percent <.l><.eu><.n>. The region's data highlight of the day comes from British retail figures.

Industrial commodities jumped, leaving platinum and palladium near multi-month highs hit on Thursday, while oil prices edged up, with U.S. crude up 0.1 percent at $95.61 a barrel and Brent futures adding 0.2 percent to $111.27.

YEN SLIDE RESUMES

The strong U.S. data and mounting expectations for more aggressive easing by the Bank of Japan (BOJ) next week lifted the dollar to its highest since June 2010 of 90.21 yen, and the euro to its peak since May 2011 of 120.73 yen.

The single currency was steady against the dollar at $1.3378.

Expectations that the new Japanese government will pursue massive fiscal spending and push for more aggressive BOJ easing to drive Japan out of years of deflation and economic slump have spurred heavy yen selling since November.

Sources told Reuters the BOJ will at its January 21-22 meeting consider removing the 0.1 percent floor on short-term interest rates and commit to open-ended asset buying until the 2 percent inflation target is reached.

In bond markets, German two-year government bond yields rose 0.25 percent to near their highest in nearly 10 months, with traders citing growing concerns in money markets over early bank repayments of three-year European Central Bank loans.

Banks can start making repayments on January 30, and the ECB will publish how much will be repaid then on January 25. A larger-than-expected repayment of around 400 billion euros would effectively tighten conditions and push up interbank rates.

(Reporting by Marc Jones; Editing by Will Waterman)

Read More..

NASA, Europeans uniting to send spaceship to moon

CAPE CANAVERAL, Fla. (AP) — NASA is teaming up with the European Space Agency to get astronauts beyond Earth’s orbit.

Europe will provide the propulsion and power compartment for NASA’s new Orion crew capsule, officials said Wednesday. This so-called service module will be based on Europe’s supply ship used for the International Space Station.

Orion’s first trip is an unmanned mission in 2017. Any extra European parts will be incorporated in the first manned mission of Orion in 2021.

NASA’s human exploration chief, Bill Gerstenmaier, said both missions will be aimed at the vicinity of the moon. The exact details are being worked out; lunar fly-bys, rather than landings, are planned.

NASA wants to ultimately use the bell-shaped Orion spacecraft to carry astronauts to asteroids and Mars. International cooperation will be crucial for such endeavors, Gerstenmaier told reporters.

The United States has yet to establish a clear path forward for astronauts, 1½ years after NASA’s space shuttles stopped flying. The basic requirements for Orion spacecraft are well understood regardless of the destination, allowing work to proceed, Gerstenmaier said.

“You don’t design a car to just go to the grocery store,” he told reporters.

Getting to 2017 will be challenging, officials for both space programs acknowledged. Gerstenmaier said he’s not “100 percent comfortable” putting Europe in such a crucial role. “But I’m never 100 percent comfortable” with spaceflight, he noted. “We’ll see how it goes, but we’ve done it smartly.”

The space station helped build the foundation for this new effort, he said.

Former astronaut Thomas Reiter, Europe’s director of human spaceflight, said it makes sense for the initial Orion crew to include Europeans. For now, though, the focus is on the technical aspects, he said. NASA will supply no-longer-used space shuttle engines for use on the service modules.

Reiter put the total European contribution at nearly $ 600 million.

Orion originally was part of NASA’s Constellation program that envisioned moon bases in the post-shuttle era. President Barack Obama canceled Constellation, but Orion was repurposed and survived.

A test flight of the capsule is planned for next year; it will fly 3,600 miles away and then return.

___

Online:

NASA: http://www.nasa.gov/exploration/systems/mpcv/index.html

European Space Agency: http://bit.ly/ZXPuqg

Space and Astronomy News Headlines – Yahoo! News

Title Post: NASA, Europeans uniting to send spaceship to moon
Url Post: http://www.news.fluser.com/nasa-europeans-uniting-to-send-spaceship-to-moon/
Link To Post : NASA, Europeans uniting to send spaceship to moon
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..

European shares retreat on corporate worries, growth outlook

LONDON (Reuters) - European shares edged down on Thursday as concerns grow over the outlook for growth and corporate earnings, while oil prices gained support after Islamist militants attacked an Algerian gas field.

Worries about the global economic outlook have revived since the World Bank cut its 2013 forecast for global growth to 2.4 percent from its previous estimate of 3 percent, citing the prospect of poor performance across the developed world.

A massive $14 billion writedown at global mining giant Rio Tinto amid fears weak growth in the fourth quarter of 2012 will result in poor corporate results has further undermined investor confidence.

"The market will remain predominantly in a consolidation mood following a cautious outlook on earnings. I think European companies will disappoint a bit," said Christian Stocker, equity strategist at UniCredit in Munich.

The FTSEurofirst 300 index <.fteu3> of top European shares slipped nearly 0.1 percent to 1,159.00 points in early trade. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were flat to 0.3 percent lower.

"There's been a mixed bag on the earnings front so far," said Darren Easton, director of trading at Logic Investments.

"In the short-term, we're in the bear camp," he added.

MSCI's broadest index of Asian shares outside Japan <.miapj0000pus> fell 0.2 percent, extending declines for a third consecutive session.

The falls were led by a slump in Chinese stocks as investors retreated ahead a slew of key economic data due on Friday including fourth-quarter GDP, December industrial output, retail sales and house prices.

Oil prices, which are under pressure from the prospects of weaker demand in 2013, gained support from concerns about supplies being affected by military activity in Algeria and Mali.

Islamist fighters seized dozens of Western and Algerian hostages in a dawn raid on a natural gas facility deep in the Sahara on Wednesday and demanded France halt a new offensive against rebels in neighboring Mali.

Brent added 2 cents to $109.70 a barrel, though U.S. oil slipped 10 cents to $94.14.

In the debt market, yields on safe-have German bonds were creeping lower as equity markets softened, but investors were reluctant to make big bets before a Spanish debt sale.

Spain plans to tap the market for up to 4.5 billion euros in short and long-term bonds and is expected to see good demand and sharply lower yields as the European Central Bank's promise to support the debt of struggling nations has encouraged investors.

The dollar and the euro were choppy, as both currencies pared back some of their recent big gains against the yen after a Japanese official this week expressed concerns about excessive yen weakness.

The yen is expected to remain on a weakening trend amid expectations for bolder BOJ monetary easing measures at its January 21-22 policy meeting as part of the new government's push to drive Japan out of years of deflation and economic slump.

The dollar rose 0.25 percent to 88.60 yen, off its peak since June 2010 of 89.67 touched on Monday, while the euro gained 0.4 percent to 117.95 yen, after surging to its highest since May 2011 of 120.13 yen on Monday.

"The BOJ will probably disappoint to some degree. They'll deliver what the market expects but no more than that," said Gareth Berry, G10 FX strategist for UBS in Singapore.

(Reporting by Richard Hubbard; Editing by Will Waterman)

Read More..

World shares slip as growth concerns re-emerge

LONDON (Reuters) - World shares slipped while safe-haven bonds and gold firmed on Wednesday as poor economic data from Europe rekindled investors' caution about the health of the global economy.

The euro was under pressure following weak German GDP figures on Tuesday and a warning from the chairman of the euro zone finance ministers' group, Jean-Claude Juncker, that the common currency was now "dangerously high".

Germany's economy shrank at the fastest pace in almost three years in the final part of 2012, and data on Wednesday showed demand for new cars in Europe fell in December to the lowest level since 1995.

"Following the German growth numbers yesterday there is simply a realization the recession in the euro zone in the fourth quarter will be much bigger than the previous consensus and that is pushing up German (bond) yields and putting downward pressure on equities," said Daiwa Securities economist Tobias Blattner.

The MSCI world equity index <.miwd00000pus> was down 0.3 percent at around 349 points, while Europe's FTSE Eurofirst 300 index <.fteu3> of top shares dipped roughly 0.2 percent in choppy early trade to 1,158.52 points.

London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were flat to 0.3 percent lower.

Following the data and Juncker's comments, the euro was roughly 0.2 percent lower against the dollar at $1.3283 by 0815 GMT down 1 percent against the yen at 116.95 yen.

The yen - which had been sharply sliding against the dollar in recent weeks on expectations of aggressive Japanese policy easing under new Prime Minister Shinzo Abe - rose for a second day after a Japanese cabinet minister warned of the possible harm of excessive yen weakness.

Bond markets in Europe were largely quiet before Germany's first sale of the year of benchmark 10-year bonds.

Bund yields, which have risen to attractive levels compared with recent months, are expected to draw in buyers. Yields rose as much as 23 basis points during early January before retracing slightly as buyers re-emerged.

Wall Street posted modest gains on Tuesday after encouraging retail sales data although futures prices point to it giving back some of those gains on Wednesday.

Asian markets largely struggled, with Japan's benchmark Nikkei stock average <.n225> shedding 2.6 percent in its largest daily fall in eight months.

Assets traditionally viewed as offering protection against risk have been boosted this week as U.S. political wrangling has begun again over raising its self-imposed debt limit.

Spot gold was up 0.2 percent to $1,681.55 an ounce, underpinned by the jitters, and the benchmark gold futures contract on the Tokyo Commodity Exchange hit a record high for a third consecutive session.

U.S. crude was up 0.2 percent to $93.44 a barrel while Brent was up 0.3 percent to $110.61.

(editing by David Stamp)

Read More..

EPA changed course after oil company protested

WEATHERFORD, Texas (AP) — When a man in a Fort Worth suburb reported his family’s drinking water had begun “bubbling” like champagne, the federal government sounded an alarm: An oil company may have tainted their wells while drilling for natural gas.

At first, the Environmental Protection Agency believed the situation was so serious that it issued a rare emergency order in late 2010 that said at least two homeowners were in immediate danger from a well saturated with flammable methane. More than a year later, the agency rescinded its mandate and refused to explain why.

Now a confidential report obtained by The Associated Press and interviews with company representatives show that the EPA had scientific evidence against the driller, Range Resources, but changed course after the company threatened not to cooperate with a national study into a common form of drilling called hydraulic fracturing. Regulators set aside an analysis that concluded the drilling could have been to blame for the contamination.

For Steve Lipsky, the EPA decision seemed to ignore the dangers in his well, which he says contains so much methane that the gas in water pouring out of a garden hose can be ignited.

“I just can’t believe that an agency that knows the truth about something like that, or has evidence like this, wouldn’t use it,” said Lipsky, who fears he will have to abandon his dream home in an upscale neighborhood of Weatherford.

The case isn’t the first in which the EPA initially linked a hydraulic fracturing operation to water contamination and then softened its position after the industry protested.

A similar dispute unfolded in west-central Wyoming in late 2011, when the EPA released an initial report that showed hydraulic fracturing could have contaminated groundwater. After industry and GOP leaders went on the attack, the agency said it had decided to do more testing. It has yet to announce a final conclusion.

Hydraulic fracturing — often called “fracking” — allows drillers to tap into oil and gas reserves that were once considered out of reach because they were locked in deep layers of rock.

The method has contributed to a surge in natural gas drilling nationwide, but environmental activists and some scientists believe it can contaminate groundwater. The industry insists the practice is safe.

Range Resources, a leading independent player in the natural gas boom, has hundreds of gas wells throughout Texas, Pennsylvania and other mineral-rich areas of the United States. Among them is a production site — now owned by Legend Natural Gas — in a wooded area about a mile from Lipsky’s home in Weatherford, about a half-hour drive west of Fort Worth.

State agencies usually regulate water and air pollution, so the EPA’s involvement in the Texas matter was unusual from the start. The EPA began investigating complaints about the methane in December 2010, because it said the Texas Railroad Commission, which oversees oil and gas drilling, had not responded quickly enough to the reports of bubbling water.

Government scientists believed two families, including the Lipskys, were in danger from methane and cancer-causing benzene and ordered Range Resources to take steps to clean their water wells and provide affected homeowners with safe water. The company stopped doing that after state regulators declared in March 2011 that Range Resources was not responsible. The dispute between the EPA and the company then moved into federal court.

Believing the case was headed for a lengthy legal battle, the EPA asked an independent scientist named Geoffrey Thyne to analyze water samples taken from 32 water wells. In the report obtained by the AP, Thyne concluded from chemical testing that the gas in the drinking water could have originated from Range Resources’ nearby drilling operation.

Meanwhile, the EPA was seeking industry leaders to participate in a national study into hydraulic fracturing. Range Resources told EPA officials in Washington that so long as the agency continued to pursue a “scientifically baseless” action against the company in Weatherford, it would not take part in the study and would not allow government scientists onto its drilling sites, said company attorney David Poole.

In March 2012, the EPA retracted its emergency order, halted the court battle and set aside Thyne’s report showing that the gas in Lipsky’s water was nearly identical to the gases the Plano, Texas-based company was producing.

“They said that they would look into it, which I believe is exactly what they did,” Poole said. “I’m proud of them. As an American, I think that’s exactly what they should have done.”

The EPA offered no public explanation for its change in thinking, and Lipsky said he and his family learned about it from a reporter. The agency refused to answer questions about the decision, instead issuing a statement by email that said resolving the Range Resources matter allowed the EPA to shift its “focus in this case away from litigation and toward a joint effort on the science and safety of energy extraction.”

Rob Jackson, chairman of global environmental change at Duke University’s Nicholas School of the Environment, reviewed Thyne’s report and the raw data upon which it was based. He agreed the gas in Lipsky’s well could have originated in a rock formation known as the Barnett shale, the same area where Range Resources was extracting gas.

Jackson said it was “premature” to withdraw the order and said the EPA “dropped the ball in dropping their investigation.”

Lipsky, who is still tied up in a legal battle with Range Resources, now pays about $ 1,000 a month to haul water to his home. He, his wife and three children become unnerved when their methane detectors go off. Sometime soon, he said, the family will have to decide whether to stay in the large stone house or move.

“This has been total hell,” Lipsky said. “It’s been taking a huge toll on my family and on our life.”

The confidential report relied on a type of testing known as isotopic analysis, which produces a unique chemical fingerprint that sometimes allows researchers to trace the origin of gas or oil.

Jackson, who studies hydraulic fracturing and specializes in isotopic analysis, acknowledged that more data is needed to determine for certain where the gas came from. But even if the gas came from elsewhere, Range Resources’ drilling could have contributed to the problem in Lipsky’s water because gas migrates, he added.

The company insists the gas in Lipsky’s water is from natural migration and not drilling. Range Resources’ testing indicates the gas came from a different rock formation called Strawn shale and not the deeper Barnett shale, Poole said.

In addition, he said, isotopic analysis cannot be used in this case because the chemical makeup of the gases in the two formations is indistinguishable. A Range Resources spokesman also dismissed Thyne and Jackson as anti-industry.

Range Resources has not shared its data with the EPA or the Railroad Commission. Poole said the data is proprietary and could only be seen by Houston-based Weatherford Laboratories, where it originated. It was analyzed for Range Resources by a Weatherford scientist, Mark McCaffrey, who did not respond to requests for an interview.

Gas has always been in the water in that area, Poole said. And years before Range Resources began drilling, at least one water well in the neighborhood contained so much methane, it went up in flames.

At another home with dangerously high methane levels in the water, the company insisted the gas had been there since the well was first dug many years ago. The homeowner was not aware of anything wrong until Range Resources began drilling in 2009.

Jackson said it was “unrealistic” to suggest that people could have tainted water and not notice.

“It bubbles like champagne or mineral waters,” he said. “The notion that people would have wells and have this in their water and not see this is wrong.”

___

Associated Press writers Nomaan Merchant in Dallas, Allen Breed in Raleigh, N.C., and Michael Rubinkam in Allentown, Pa., contributed to this report.

___

Plushnick-Masti can be followed on Twitter at https://twitter.com/RamitMastiAP

Energy News Headlines – Yahoo! News

Title Post: EPA changed course after oil company protested
Url Post: http://www.news.fluser.com/epa-changed-course-after-oil-company-protested/
Link To Post : EPA changed course after oil company protested
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..

Apple drags on S&P, Nasdaq; Dell jumps after report

NEW YORK (Reuters) - The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments.

Running counter to that was Dell Inc's stock which jumped 13 percent to about a five-month high at $12.29 after Bloomberg reported the No. 3 personal computer maker is in talks with private equity firms to go private. Dell's gains offset some tech-sector weakness.

Tech heavyweight Apple lost 3.6 percent to $501.75 and was the biggest weight on both the S&P 500 and Nasdaq 100 <.ndx> indexes after reports the company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand. The stock hit a session low of $498.51, the first dip below $500 since February 16.

"With Apple, it seems as if the sentiment has shifted from this being the one stock that everybody wanted to own to people beginning to look at it as a company (whose) business is slowing down somewhat," said Eric Kuby, chief investment officer of North Star Investment Management Corp in Chicago.

Adding to investor unease, fourth-quarter earnings kick into high gear this week. Analyst estimates for the quarter have fallen sharply since October. S&P 500 earnings growth is now seen up just 1.9 percent from a year ago, Thomson Reuters data showed.

The Dow Jones industrial average <.dji> was up 18.89 points, or 0.14 percent, at 13,507.32. The Standard & Poor's 500 Index <.spx> was down 1.37 points, or 0.09 percent, at 1,470.68. The Nasdaq Composite Index <.ixic> was down 8.13 points, or 0.26 percent, at 3,117.50.

Apple suppliers also lost ground, with Cirrus Logic off 9.4 percent at $28.62 and Qualcomm down 1 percent at $64.24.

The Dow fared better than the other two indexes, helped in part by Hewlett-Packard shares, which rose 4.9 percent to $16.95. The stock, up early in the session after JPMorgan upgraded its rating on the shares and raised its price target to $21 from $15, added to gains following the Dell report.

Tech has "become the arena for private equity or other capital-restructuring type of maneuvers because of the way their valuations and their balance sheets are," Kuby said.

Appliance and electronics retailer Hhgregg Inc slumped 5.7 percent to $7.44 after the company cut its same-store sales forecast for the full year.

Earnings reports are due this week from Goldman Sachs , Bank of America , Intel and General Electric , among other companies. Third-quarter reports ended with a gain of just 0.1 percent, the worst for an S&P 500 profit period in three years, according to Thomson Reuters data.

President Barack Obama warned Congress at a news conference on Monday that a refusal to raise the U.S. debt ceiling next month could mean a government shutdown and trigger economic chaos.

S&P futures had little reaction to comments after the bell by Federal Reserve Chairman Ben Bernanke, who urged lawmakers to lift the country's borrowing limit to avoid a debt default.

Volume was roughly 5.6 billion shares traded on the New York Stock Exchange, the Nasdaq and the NYSE MKT, compared with the 2012 average daily closing volume of about 6.45 billion.

Decliners were about even with advancers on the NYSE while decliners outpaced advancers on the Nasdaq by about 12 to 11.

(Additional reporting by Chuck Mikolajczak; Editing by Kenneth Barry, Nick Zieminski and Andrew Hay)

Read More..

NYC Museum Debuts New Shuttle Enterprise Exhibit Thursday

NEW YORK — A new museum exhibit that reveals the history of NASA‘s original space shuttle is opening in New York City this week, just as the prototype orbiter is being put under cover.

The exhibit “Space Shuttle Enterprise: A Pioneer,” which explores the history of Enterprise and its role in NASA’s development of the space shuttle, will debut to the public on Thursday (Jan. 17) at the Intrepid Sea, Air and Space Museum in Manhattan.

The temporary display is hosted on the hangar deck of the converted U.S.S. Intrepid, a World War II aircraft carrier. The exhibit celebrates the people, the pilots and engineers who contributed to the orbiter’s story, as well as made the technological innovations that helped to make Enterprise an icon of the space program.

The icon itself, the Enterprise, is mounted on the Intrepid’s flight deck. The retired prototype orbiter, which never flew in space but was used for a series of critical approach and landing tests in the 1970s, entered the Intrepid’s collection in July 2012. In October, Hurricane Sandy left the shuttle with minor damage and destroyed its display pavilion.

Scaffolding has now been raised around Enterprise and a protective cover will be placed over the orbiter this week. The Intrepid is planning to reopen its shuttle pavilion in the spring.

Until then, the new exhibition has been installed to provide visitors the chance to learn more about the historic winged spacecraft. [Space Shuttle Enterprise's Legacy (Photos)]

“While the shuttle itself is not on display, we really want to give the public what they want and what they appear to want is really interesting stories about the shuttle and new elements as well,” Elaine Charnov, Intrepid museum‘s vice president for exhibits, told collectSPACE.com in an interview.

From the cockpit to the cafeteria

“Space Shuttle Enterprise: A Pioneer” introduces visitors to the Enterprise with artifacts from its era — including wind tunnel test models and examples of where Enterprise crossed into pop culture — as well as archival images and video clips to illustrate the history and significance of the prototype orbiter.

“One of the highlights is the cockpit instrumentation panel, which gives the public a much richer and deeper sense of what the instrumentation looks like and how large that area was [on Enterprise],” Charnov said. “How remarkable it was that these instruments really helped facilitate so many pioneering space efforts.”

The display, which is built into a full scale replica of the forward instrument panel from inside the shuttle’s flight deck, provides an answer to one of the popular questions visitors have been asking since Enterprise first arrived on display at the Intrepid.

“We get a lot of questions from people, ‘How can we see the cockpit?’” explained Eric Boehm, the Intrepid‘s curator of aviation and aircraft restoration. “Future plans include a much more enhanced version of this but in the short term we are getting these instruments on display as soon as possible.” [Space Shuttle Enterprise NYC Exhibit (Video)]

Enterprise arrived in New York City with its cockpit mostly bare. The instrumentation going on display was obtained by the Intrepid through a government surplus sale.

“They could have flown on Enterprise but they may have been repurposed for a simulator at one time,” Boehm said. “There are some tags on them that date them back to that era, but the way that NASA worked, they repurposed stuff all the time.”

“We’re not going to sell [the display] as actual Enterprise instruments, but boy, it is highly likely that these came off Enterprise,” he added.

On the subject of selling, another area of the exhibit picks up where the original pavilion’s displays left off: the space shuttle Enterprise’s crossover into pop culture.

“Expanding what was presented in the original pavilion, we now have a chance to show some of the actual elements,” Charnov said. “It includes a 1977 Enterprise lunchbox and thermos. Who wouldn’t want to have that as a collectible?”

Other artifacts on display include model kits, print ads that incorporated imagery of Enterprise, and the White House briefing document that led to the prototype shuttle being renamed after the starship from “Star Trek” rather than the U.S.S. Constitution, as NASA originally planned.

“[The new exhibit] really illustrates how deeply woven the Enterprise and the shuttle’s story was into daily life and how it was reflected in so many aspects of our consumer culture,” said Charnov.

Intrepid and Enterprise: Truly connected

One other area of the 1,500 square-foot exhibition features artifacts from a pilot who shares connections with both the Intrepid and the Enterprise: Richard “Dick” Truly.

“There is a whole case devoted to Dick Truly,” Boehm told collectSPACE.com . “Dick Truly has a very special meaning for us because he was assigned to Intrepid as a young naval aviator in the early 1960s. He has over 100 ‘traps’ here on our flight deck.”

One of the four NASA astronauts who flew Enterprise’s approach and landing tests in 1977, Truly’s initial tour of duty as a naval aviator was flying F-8 Crusaders aboard the U.S.S. Intrepid and the U.S.S. Enterprise. He made over 300 carrier landings, flew the shuttle Enterprise three times (twice in free flight), and then flew twice into space on the shuttles Columbia and Challenger.

“Space Shuttle Enterprise: A Pioneer” displays the helmet and NASA flight jacket from Truly’s collection.

“He has been donating stuff to us over the past several years and now it is all coming together,” Boehm said.

The exhibition is free, included with the price of admission to the Intrepid. The museum is currently offering a “Gift of Intrepid” buy one, get one free admission ticket promotion to its Facebook and Twitter followers through Feb. 15.

The Intrepid Sea, Air and Space Museum is located at Pier 86 (46th Street and 12th Avenue) in Manhattan.

See collectSPACE.com for a list of the artifacts going on display at the Intrepid Sea, Air and Space Museum as part of “Space Shuttle Enterprise: A Pioneer.” See shuttles.collectspace.com for continuing coverage of the delivery and display of NASA’s retired space shuttles.

Follow collectSPACE on Facebook and Twitter @collectSPACE and editor Robert Pearlman @robertpearlman. Copyright 2012 collectSPACE.com. All rights reserved.

Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News

Title Post: NYC Museum Debuts New Shuttle Enterprise Exhibit Thursday
Url Post: http://www.news.fluser.com/nyc-museum-debuts-new-shuttle-enterprise-exhibit-thursday/
Link To Post : NYC Museum Debuts New Shuttle Enterprise Exhibit Thursday
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..

Stock index futures trade flat to higher

LONDON (Reuters) - Stock index futures pointed to a flat to higher open on Wall Street on Monday, with futures for the S&P 500 up 0.1 percent at 0844 GMT.

Dow Jones and Nasdaq 100 futures were unchanged.

European shares were also flat, with the FTSEurofirst 300 <.fteu3> just shy of a two-year high. The pan-European index has risen almost 3 percent since the start of the year.

The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said on Monday. Evans also forecast the U.S. unemployment rate would be 7.4 percent, easing to about 7 percent in 2014. Fed Chairman Ben Bernanke speaks at 2100 GMT. [ID:nL4N0AJ1JA]

Americans are beginning to feel the pinch from austerity measures. Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers say they are cutting back on spending.

Apple Inc has almost halved its order with suppliers of LCD panels for the iPhone 5 in the current quarter due to weak demand, Japanese daily Nikkei reported on Monday.

Oracle Corp released an update to its Java software for surfing the Web on Sunday, which security experts said fails to protect PCs from attack by hackers intent on committing cyber crimes.

Transocean Ltd said billionaire activist investor Carl Icahn bought a 1.56 percent stake in the offshore rig contractor and is looking to increase his holding.

Japan Airlines Co (JAL) said on Sunday that a Boeing Co 787 Dreamliner jet undergoing checks in Tokyo following a fuel leak at Boston airport last week had leaked fuel during tests earlier in the day.

Pickup truck sales are expected to outpace the broader U.S. auto market this year helped by a recovering housing market and a slew of new models from the three big U.S. automakers, executives and analysts said on Sunday.

American International Group Inc has filed a lawsuit against a vehicle created by the Federal Reserve Bank of New York to help bail out the insurer, in a bid to preserve its right to sue Bank of America Corp and other issuers of mortgage debt that went sour.

Bank of America Corp directors have reached a $62.5 million settlement to resolve investor claims over the bank's acquisition of Merrill Lynch & Co, a person familiar with the matter said, after a federal judge expressed reservations about an earlier version of the accord.

JPMorgan Chase & Co's board is expected to dock the 2012 bonuses of Chief Executive James Dimon and another top executive because of the "London Whale" trading debacle, the Wall Street Journal reported, citing people close to the company.

The first big earnings week of 2013 features major banks Goldman Sachs and JPMorgan Chase & Co, as well as online retailer eBay on Wednesday. Thursday's reports include Citigroup, Bank of America and chip maker Intel . General Electric, the largest U.S. conglomerate, is due to post fourth-quarter earnings on Friday.

The Dow Jones industrial average <.dji> gained 17.21 points, or 0.13 percent, to 13,488.43. The Standard & Poor's 500 Index <.spx> dipped 0.07 points to 1,472.05. The Nasdaq Composite Index <.ixic> added 3.88 points, or 0.12 percent, to 3,125.64.

(Reporting By Francesco Canepa; Editing by John Stonestreet)

Read More..

NH case against 2 big oil companies gets underway

CONCORD, N.H. (AP) — The state of New Hampshire is launching its case against two major oil companies in what is expected to be the longest and most complex trial in state history.

The state’s lawyers say ExxonMobil and Citgo should pay more than $ 700 million in damages to monitor and clean up groundwater contamination caused by the gas additive MTBE — methyl tertiary butyl ether — now banned in New Hampshire.

Lawyers for the oil companies say they have cleaned up their own sites and that contamination elsewhere was caused by third parties not named in the suit.

The lawsuit — filed in 2003 — is the only one brought by a state to reach trial on the issue of MTBE groundwater contamination. Most of the other MTBE cases nationwide were brought by municipalities, water districts or individual well owners, and all but one was settled or dismissed.

The jury trial begins Monday and is expected to last four months. It is being held in a federal courtroom on loan to the state so as not to monopolize one of three courtrooms at Merrimack Superior Court.

More than 50,000 exhibits have been marked and the witness list numbers 230.

It was clear from a pretrial conference Friday that jurors will be confronted with an alphabet soup of acronyms for various funds and agencies, will have to grapple with complex statistical analyses and will hear contradictory testimony by expert witnesses.

MTBE had been used in gasoline since the 1970s to increase octane and reduce smog-causing emissions. While it was credited with cutting air pollution, it was found in the late 1990s to contaminate drinking water when gasoline is spilled or leaks into surface or groundwater. New Hampshire banned its use in 2007.

Roughly 60 percent of New Hampshire’s population gets its drinking water from wells, which drives up the estimated cost to test and treat contaminated water sources.

Energy News Headlines – Yahoo! News

Title Post: NH case against 2 big oil companies gets underway
Url Post: http://www.news.fluser.com/nh-case-against-2-big-oil-companies-gets-underway/
Link To Post : NH case against 2 big oil companies gets underway
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..

Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.

The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.

Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.

An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.

"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.

"What we're looking for is demand. Demand from small business owners, from consumers."

EARNINGS AND ECONOMIC EXPECTATIONS

Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.

Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.

Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.

The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.

Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.

HOUSING, INDUSTRIAL DATA ON TAP

Next week will also feature the release of a wide range of economic data.

Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.

Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.

Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.

"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."

POLITICAL ANXIETY

Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.

The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.

Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.

The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.

"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.

The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.

"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."

(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)

Read More..

EPA issues Shell violation notices

ANCHORAGE, Alaska (AP) — The Environmental Protection Agency has issued Royal Dutch Shell PLC notices of air quality violations for emissions involving its Arctic drilling operation in 2012.

The EPA late Thursday issued the notices saying that Shell violated permits for nitrous oxides emissions coming from its drill rig and drill ship. The federal agency says Shell had multiple permit violations for each ship.

The two ships are the drill rig Kulluk, which recently grounded near Kodiak Island when it was being towed to Seattle for maintenance and broke free in a storm. The damaged drill rig has been refloated and taken to a sheltered harbor. The drill ship Noble Discoverer remains in Seward after the Coast Guard found safety problems.

Shell is trying to revise its air permit to operate in the Arctic.

Energy News Headlines – Yahoo! News

Title Post: EPA issues Shell violation notices
Url Post: http://www.news.fluser.com/epa-issues-shell-violation-notices/
Link To Post : EPA issues Shell violation notices
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..

Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.

The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.

Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.

An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.

"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.

"What we're looking for is demand. Demand from small business owners, from consumers."

EARNINGS AND ECONOMIC EXPECTATIONS

Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.

Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.

Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.

The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.

Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.

HOUSING, INDUSTRIAL DATA ON TAP

Next week will also feature the release of a wide range of economic data.

Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.

Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.

Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.

"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."

POLITICAL ANXIETY

Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.

The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.

Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.

The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.

"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.

The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.

"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."

(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)

Read More..

Obama’s Ambitious Second-Term Agenda Could Backfire

The White House’s ambitious agenda on gun control, immigration reform, and, perhaps, even climate change is a sign that President Obama believes he locked up precious political capital with his reelection and intends to spend it quickly. But that isn’t welcome news to many of the Democrats who need him the most in the short term–the seven Democratic senators in conservative states facing tough reelection bids.

Just one week into the new year, Obama has already hit some unpleasant stumbling blocks with his own party. On gun control, the White House is now calculating that it will be “exceedingly difficult” to pass broad measures, The New York Times reports, a sharp U-turn from its optimism heading into the new year. Senators from the president’s own party are the ones giving him trouble over his nominee for Defense secretary, former GOP Sen. Chuck Hagel, with one of the president’s most partisan backers privately expressing doubt about whether he’ll support his nomination. 

And on Friday, Sen. Jay Rockefeller, D-W.Va., announced his retirement, making it even more likely that a West Virginia Senate seat will turn Republican for the first time since 1959. Rockefeller’s decision to step down early may give him more flexibility to vote with the White House on its pet initiatives, but it creates major problems for the Democrats looking to succeed him. The White House’s planned agenda for the coming year is awfully inhospitable for a Democrat looking to keep his or her distance from the national party. (Notably, newly minted Democratic Senatorial Campaign Committee Chairman Michael Bennet, in a statement, said he is confident the party will elect an “independent-minded Democrat” to a seat.)

This is just the tip of the iceberg. To maintain their Senate majority in 2014, Democrats need to hold onto seven seats being contested on inhospitable turf–Louisiana, Arkansas, Alaska, Montana, West Virginia, North Carolina, and South Dakota. Obama holds solid approval ratings nationally but, given the state of affairs in our polarized country, is in much more tenuous shape down South. The strategic positioning of Democratic Sens. Mary Landrieu of Louisiana, Mark Pryor or Arkansas, Kay Hagan of North Carolina, and Mark Begich of Alaska will be fascinating to watch over the next year. Immigration, for example, is probably a winning issue for the president overall, but it will be a much tougher sell with Democrats in conservative states and districts. Rockefeller took the easy way out in stepping down.

My National Journal colleagues Ron Fournier and Jill Lawrence have been engaging in a debate over whether Obama is merely a good president, or a potentially great one. I disagree with the premise. I’d argue that given Democratic congressional supermajorities in his first two years and the lingering unpopularity of the Republican Party, he held the potential to accomplish a lot more–and in a more bipartisan fashion, as well. Health care reform was a costly detour from promoting a jobs-centric agenda in the president’s first year. He’s spending significant political capital on Hagel, at a time when the White House desperately needs a united Democratic front on gun control and immigration.

Obama’s predecessor, George W. Bush, learned the hard way about bragging about his mandate, seeing his own ambitious Social Security reforms blow up in his face thanks to recalcitrant Republicans, and watching his approval ratings trend downward from there. Understanding the political limits, while also recognizing strategic opportunities, is an essential part of a president’s job responsibility.

One of the biggest differences between 2012 and 2014 for down-ballot Democrats is that the president doesn’t have the same political imperative to tack to the middle, free to pursue the issues deemed most important. That might be good for the president’s legacy, certainly if he accomplishes his agenda, but the politically at-risk members of his own party are probably having different thoughts.

Weather News Headlines – Yahoo! News

Title Post: Obama’s Ambitious Second-Term Agenda Could Backfire
Url Post: http://www.news.fluser.com/obamas-ambitious-second-term-agenda-could-backfire/
Link To Post : Obama’s Ambitious Second-Term Agenda Could Backfire
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..

World shares at eight-month high, euro rallies on ECB shift

LONDON (Reuters) - European shares consolidated close to two year highs on Friday after Europe's Central Bank expressed cautious optimism on the euro zone's prospects.

Strong Chinese trade data on Thursday also helped lift economists' expectations of a steady global recovery this year, although a pick-up in Chinese inflation on Friday prompted profit-taking on Asia shares outside Japan and dampened oil.

The FTSEurofirst 300 <.fteu3> of top European shares opened in positive territory but had returned to a near-unchanged 1164.42 by 0850 GMT, with London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> all broadly steady. <.l><.eu><.n/>

It pushed the MSCI index of world shares <.miwd00000pus> to 350.08 points, a new eight-month high.

"People are starting to come back to the stock market because they don't have any other option," said Edward Page Croft, managing director at Stockopedia.

"Equities are very overdue a rest but that shouldn't make people through in the towel in my opinion (as) they will continue to be supported by central banks' very accommodative policies."

The major news from the ECB's meeting on Thursday was that none of the bank's policymakers had pushed to cut rates. Last month some had, and the change saw markets largely price out any reduction in rates in the coming months.

It triggered a jump in the euro and the rally resumed as European trading gathered pace, pushing the single currency above $1.3270 and to an 18-month high against the yen and a four-month high versus the Swiss franc.

The dollar, meanwhile, jumped to 89.35 yen, its highest since June 2010, on strengthening speculation new Japanese Prime Minister Shinzo Abe will exert strong pressure on the Bank of Japan to pursue aggressive easing steps.

Japan's cabinet approved on Friday an economic stimulus package in the biggest spending boost since the financial crisis. Abe also said in an interview with the Nikkei newspaper the BOJ should consider maximizing employment as a monetary policy goal to help boost the economy.

In the bond market, German Bund futures extended the previous day's losses after the ECB cooled expectations of a near-term rate cut.

Expectations of a strong Italian bond auction later in the day, after Spain made a successful start to its 2013 fund raising program on Thursday, also eroded demand for low-risk Bunds.

Oil prices reacted to the faster-than-expected Chinese inflation data, with Brent crude futures falling back towards $111 a barrel.

(Additional reporting by Francesco Canepa; editing by Philippa Fletcher)

Read More..

Trapped Killer Whales Free Themselves

The killer whales trapped under ice near a remote Quebec village reached safety today after the floes shifted on Hudson Bay, according to the mayor’s office in Inukjuak.

Water opened up around the area where the orcas had been coming up for air and the winds seemed to have shifted overnight, creating a passageway to the open water six miles away.

“Two men were sent to check on the whales around 8 a.m., and they found that a passage of water had been created, all of the way to the open sea,” Johnny Williams, the town manager, told ABCNews.com. “The wind from the north shifted yesterday.

“This is great news,” Williams said.

He said the local residents are rejoicing now that they’ve learned the news.

“They’re all really happy and really celebrating,” Williams said. “They have smiles, and are saying thank you — everything!”

Williams said he was unsure how far the whales have moved, but that they were definitely not under the ice hole. The mayor, Peter Inukpuk, and others will be flying over the area as soon as a plane arrives from Montreal to see if the whales can be found, Williams said.

PHOTOS: Amazing Animals

Residents in the remote village of Inukjuak had been watching helplessly as at least 12 whales struggled to breathe out of a hole slightly bigger than a pickup truck in a desperate bid to survive.

The community had asked the Canadian government for help in freeing the killer whales, believed to be an entire family. The government denied a request to bring icebreakers Wednesday, saying they were too far away to help. Inukjuak, about 900 miles north of Montreal, was ill-equipped to jump into action.

Joe Gaydos, director and chief scientist at the SeaDoc Society in Eastsound, Wash., said that although the whales can go a long time without food, the length of time they can hold their breath, which they must do underwater, was the question.

“The challenge [was] to figure out where the next hole is,” he told ABCNews.com before the whales found freedom. “If that lake freezes over, it’s an unfortunate situation. It’s a very limited chance. It’s a matter of luck.”

Inukjuak residents posted a video online to show the whales’ struggles. In the clip, the whales are seen taking turns breathing. They can’t bend their necks so they do a “spy-hopping” maneuver, Gaydos said, in order to look for another hole in the ice.

A hunter first spotted the pod of trapped whales Tuesday. It is believed that the whales swam into the waters north of Quebec during recent warm weather.

ABC News’ Bethany Owings contributed to this report

Also Read
Animal and Pets News Headlines – Yahoo! News

Title Post: Trapped Killer Whales Free Themselves
Url Post: http://www.news.fluser.com/trapped-killer-whales-free-themselves/
Link To Post : Trapped Killer Whales Free Themselves
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..

Wall Street rises after Alcoa reports earnings

NEW YORK (Reuters) - Stocks rose on Wednesday, rebounding from two days of losses, as investors turned their focus to the first prominent results of the earnings season.

Stocks had retreated at the start of the week from the S&P 500's highest point in five years, hit last Friday, on worries about possible earnings weakness.

Shares of Alcoa Inc were down 0.5 percent to $9.08 after early gains, following the company's earnings release after the bell on Tuesday. The largest U.S. aluminum producer said it expects global demand for aluminum to grow in 2013.

Herbalife Ltd stock rose 4.2 percent to $39.95 in its most active day of trading in the company's history after hedge fund manager Dan Loeb took a large stake in the nutritional supplements seller. Prominent short-seller Bill Ackman had previously accused the company of being a "pyramid scheme," which Herbalife has denied.

Traders have been cautious as the current quarter shaped up like the previous one, with companies recently lowering expectations, said James Dailey, portfolio manager of Team Asset Strategy Fund in Harrisburg, Pennsylvania. Lower expectations leave room for companies to surprise investors even if their results are not particularly strong.

"The big question and focus is on revenue, and Alcoa had better-than-expected revenue," which calmed the market a little, Dailey said.

Overall, corporate profits were expected to beat the previous quarter's meager 0.1 percent rise. Both earnings and revenues in the fourth quarter are expected to have grown by 1.9 percent, according to Thomson Reuters data.

The Dow Jones industrial average <.dji> gained 61.66 points, or 0.46 percent, to 13,390.51. The Standard & Poor's 500 Index <.spx> rose 3.87 points, or 0.27 percent, to 1,461.02. The Nasdaq Composite Index <.ixic> gained 14.00 points, or 0.45 percent, to 3,105.81.

Facebook Inc shares rose above $30 for the first time since July 2012, trading up 5.3 percent at $30.59. Facebook, which has been tight-lipped about its plans after its botched IPO in May, invited the media to its headquarters next week.

Clearwire Corp shares jumped 7.2 percent to $3.13 after Dish Network bid $2.28 billion for the company, beating out a previous Sprint offer and setting the stage for a takeover battle for the wireless service provider that owns crucial mobile spectrum.

Apollo Group Inc slid after heavier early losses, a day after it reported lower student sign-ups for the third straight quarter and cut its operating profit outlook for 2013. Apollo's shares were last off 7.8 percent at $19.32.

Volume was below the 2012 average of 6.42 billion shares traded per day, as 6.10 billion were traded on the New York Stock Exchange, NYSE MKT and Nasdaq.

Advancing stocks outnumbered declining ones on the NYSE by 2,014 to 963, while on the Nasdaq advancers beat decliners 1,603 to 859.

(Reporting by Gabriel Debenedetti; additional reporting by Angela Moon; Editing by Nick Zieminski)

Read More..

Indian park battles poachers targeting rhino horn

KAZIRANGA, India (AP) — Out of the early morning mists and tall grass of northeast India emerges a massive creature with a dinosaur-like face, having survived millions of years despite a curse — literally on its head. As elephant-borne riders approach, the formidable hulk sniffs the air for danger, then resumes its breakfast.

     This is Kaziranga, refuge to more than 2,200 endangered Indian rhinoceros and one of the world’s best-protected wildlife reserves. But even here, where rangers follow shoot-to-kill orders, poachers are laying siege to “Fortress Kaziranga,” attempting to sheer off the animals’ horns to supply a surge in demand for purported medicine in China that’s pricier than gold. At least 18 rhino fell to poachers in and around the park in 2012, compared to 10 in all of India in 2011.

     Insurgents eager to bolster their war chests here in India’s Assam state are also involved, according to police. Authorities are investigating a recent news report that a Chinese company offered two rebel groups a deal: weapons in exchange for horns and body parts of the one-horned species whose scientific name is rhinoceros unicornis.

     Pitted against the poachers, some armed with battlefield rifles, are 152 anti-poaching camps staffed by more than 900 rangers, guards and other personnel — almost one for every square kilometer of the reserve. These include a well-armed task force rushed in when the poaching erupted again early last year. Kaziranga also is ready to deploy drones and satellite surveillance to track the intruders.

     The rhino war is a bloody one on all counts. A number of guards have been killed along with 108 poachers since 1985 while 507 rhino have perished by gunfire, electrocution or spiked pits set by the poachers, according to the park. More than 50 poachers were arrested last year.

      “It’s highly organized crime where someone comes to buy, somebody supplies the arms, someone comes as a shooter and local field men help them,” says veteran park chief N.K. Vasu, as a nighttime operation that nets one poacher gets under way. “If mobilization had not occurred there would have been widespread killings.”   

     Reflecting the globalization of wildlife trafficking, the accelerating slaughter for China’s market occurs wherever one of the world’s oldest and largest mammals are found, especially in southern Africa. In South Africa alone, more than 630 rhinos fell to poachers last year, up from 13 in 2007, according to the country’s Department of Environmental Affairs.

       Driving the killings are soaring prices that China’s growing, moneyed class are willing to pay — up to $ 65,000 per kilogram ($ 30,000 per pound). This has even forced museums in Europe where thefts have occurred to replace real rhino horns with fakes.

      Behind it is a deeply rooted belief among many Chinese that rhino horn — basically compressed hair — can cure everything from rheumatism to cancer, despite admonitions by most medical experts that it has “about as much medicinal value as chewing one’s fingernails.” The product has been struck from the list of officially approved Chinese traditional medicines but is readily available in China and Vietnam, the second largest consumer.

     To date, experts say Asian countries have proved better at protecting their rhinos than Africa, where most of the China-bound horns originate before being smuggled mainly through Southeast Asia by air, land and sea.

     “The bosses of criminal syndicates which control the trafficking go where the cost of business is very low, and that’s now in Africa,” says Christy Williams of the World Wide Fund for Nature. ”If Africa starts to really crack down, then they’ll be moving back to Asia. People are always ready to poach rhino. They are only waiting for an opportunity, for the protection to go down.”

      Kaziranga park statistics since 1980 reflect this ebb and flow, stemming from both demand and the level of protection afforded. The 1990s saw intensive poaching with a high of 48 rhinos killed in 1992. It subsided after 1998 but shot up again this year.

      Williams, who is based in Nepal, says Asian smuggling routes run from India through Nepal to Tibet and into other regions of China or through northern Myanmar to China. “Beyond, when it heads into Tibet, it’s a black hole,” he says.

      China has in the past supported an array of insurgent groups in Assam and other areas of India’s northeast that have sought independence from India, and growing economic and transport links are facilitating wildlife trafficking.

       Last month, Seven Sisters Post, an English-language newspaper in Assam, reported that the United Liberation Front of Assam and another rebel group have been approached several times by the Longhui Pharmaceutical Company, a subsidiary of arms manufacturer Hawk Group, to supply rhino parts in exchange for weapons, something the groups claim they rejected. The web site of Longhui, based in Hainan province, says the company produces rhino horn medicine through “shaving alive rhino horn technology.”

      J.N. Choudhury, Assam’s police chief, declined to comment on the report, which the government is investigating, but said members of the Karbi Longri NC Liberation Front have been arrested in recent weeks on charges of rhino poaching in and around Kaziranga. News reports say other rebel groups are also involved.

      Despite such threats both Assam and Nepal — homes to the densest rhino populations in Asia — have notched impressive records in curbing poaching. Rhino tourism in both countries brings in considerable revenue, and the animal is an Assamese icon with the recent spate of poaching sparking a public outcry.  

      Kaziranga itself is regarded as one of the world’s great wildlife conservation victories. From some 20 rhino at the beginning of the 19th century — when maharajas and British colonials shot them by the scores — it now faces the problem of overpopulation. This Asian Eden also shelters healthy numbers of tigers, elephants, the highly endangered swamp deer and some 500 species of birds.

      To keep it that way, Vasu says it’s essential to “dominate every inch of the ground” inside the park and link up with area police and civil authorities, a weakness in the past along with continuing corruption.

      “In one hour you are set for life,” says Polash Bora, a naturalist who has worked in the park for 21 years, referring to the temptation for park guards to abet poaching. He also notes trafficking kingpins rarely get caught in India’s northeast because of their connections with police and other authorities.

       But overall, Kaziranga‘s green front line has drawn widespread praise, patrolling around the clock, living in lonely camps, until recently drawing low pay and regularly attacked, sometimes killed, by tigers, wild buffalo and rhino because they are forbidden to shoot wildlife. The poachers they encounter now wield sophisticated weapons and communications.

     ”It’s hard to catch them, especially since they come at night. You hear a gunshot and in five minutes they cut off the horn and run away into the tall grass and jungle,” says P.K. Barua, a veteran ranger at a four-man camp deep inside the park. When they use silencers on their guns, a recent development, a dead rhino may not be discovered for days.

      “You only know that one has been killed when you see the vultures circling overhead,” he says.

___

Associated Press writer Wasbir Hussain in Gauhati, India, contributed to this report.

Animal and Pets News Headlines – Yahoo! News

Title Post: Indian park battles poachers targeting rhino horn
Url Post: http://www.news.fluser.com/indian-park-battles-poachers-targeting-rhino-horn/
Link To Post : Indian park battles poachers targeting rhino horn
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..

Shares buoyed by Alcoa earnings, dollar gains on yen

LONDON (Reuters) - European shares rose slightly on Wednesday, ending two days of losses after aluminum giant Alcoa opened the U.S. earnings season with an optimistic outlook for world demand.

But with a light data day in prospect for Europe, featuring mainly German and Greek industrial output figures, and with European and UK central banks due to meet on Thursday, market movements were expected to be limited.

Shares in Alcoa, the largest aluminum producer in the United States, rose 1.3 percent in after-hours trade after it reported a fourth-quarter profit in line with Wall Street expectations and revenues which beat forecasts.

"Alcoa's results are generally considered a bellwether for the global economy and the fact that the aluminum giant forecasts higher demand in 2013 appeased investors," Stan Shamu, a market strategist at IG, wrote in a trading note.

The results lifted Asia stock markets and saw Europe's FTSE Eurofirst 300 index <.fteu3> gain around 0.4 percent in early trade. London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> were up to 0.6 percent higher.

U.S. stock futures suggested a firmer Wall Street start with a 0.15 percent gain. <.l><.eu><.n/>

Corporate profits are expected to be higher than the third quarter's lackluster results, but analysts' estimates are down sharply from where they were in October.

"Expectations are quite low going into the earnings season as we saw a lot of downward guidance in the past few months. There is potential for an upside surprise to come through," Robert Parkes, equity strategist at HSBC Securities, said.

In European fixed income markets German Bund prices dipped slightly as investors prepared for the government's auction of 5 billion euros worth of new five year bonds following successful debt sales in Austria, the Netherlands and Ireland on Tuesday.

The dollar meanwhile was stronger against the Japanese yen on expectations of a much bolder monetary easing from the Bank of Japan at its next meeting later this month.

The U.S. currency was up 0.7 percent at 87.65 yen, having hit an intraday low near 86.83 yen in Tokyo, its lowest in nearly a week and a loss of about 1.9 percent from last Friday's peak of 88.48 yen, its highest since July 2010.

The euro held steady against the dollar at $1.3080,

Brent crude oil was also steady below $112 per barrel as the market awaited the latest trade data from China, the world's biggest energy consumer, due on Thursday.

"What we're seeing in the oil markets is the cautious sentiment playing up ahead of some key economic events this week," said Ker Chung Yang, senior investment analyst at Phillips Futures in Singapore.

However, iron ore jumped to its highest since October 2011, stretching a rally that has lifted prices by more than a third since December as China replenished stockpile's and supply in the spot market remained limited.

(Additional reporting by Atul Prakash; editing by Anna Willard)

Read More..

2012 was hottest year on record in U.S., climate agency says

CHICAGO (Reuters) – The year 2012 was the warmest on record for the contiguous United States, beating the previous record by a full degree in temperature, a government climate agency said on Tuesday.

Scientists at the National Oceanic and Atmospheric Administration said the average temperature in 2012 in the contiguous United States was 55.3 degrees Fahrenheit (12.94 degrees Celsius), 3.2 degrees above the average recorded during the 20th century and 1.0 degree above 1998, until now the hottest on record. The contiguous United States excludes Alaska and Hawaii.

The agency also confirmed what many farmers in the nation’s midsection and many residents of the western part of the country already knew: 2012 was drier than average.

The year was 15th driest year on record, it said. At the peak of the heat in July 2012, 61 percent of the country was in drought, NOAA said, including the nation’s breadbasket of the Midwest, as well as the Southwest and Mountain West, where wildfires charred 9.2 million acres.

The agency’s U.S. Climate Extremes Index, which tracks volatility in temperature and precipitation as well as the number of tropical cyclones making landfall, was twice as active as normal in 2012, the agency said. Only 1998 had more extreme weather, NOAA said.

There were 11 weather-related disasters in the continental United States during 2012, with losses topping $ 1 billion, including Hurricanes Sandy and Isaac and a series of tornadoes in the Great Plains, Texas and the Ohio Valley, it said.

Among the other findings released on Tuesday:

* Every state in the contiguous U.S. experienced above-average annual temperatures in 2012. Nineteen had a record warm year and an additional 26 had one of their 10 warmest.

* Spring started off with the warmest March on record, followed by the fourth-warmest April and the second-warmest May. The season’s temperature was 5.2 degrees Fahrenheit above average, making it the warmest spring on record, surpassing the previous record by 2.0 degrees, the agency said.

* The above-average temperatures during the spring continued into summer. The heat peaked in July with an average temperature of 76.9 degrees Fahrenheit (24.94 degrees Celsius), 3.6 degrees above average, making it the hottest month ever observed in the continental United States.

* An estimated 99.1 million people – nearly one-third of the nation’s population – experienced 10 or more days during the summer when temperatures exceeded 100 degrees Fahrenheit, the agency said.

* There were fewer-than-average tornadoes in 2012. Although the season got off to a busy start with large outbreaks in March and April, May and June – typically the most active months of the year – there were fewer than half the normal number of tornados. The final tornado count for 2012 was less than 1,000, NOAA said, the smallest number since 2002.

* While Hawaii and Alaska were outside the area where the hottest weather hit last year, NOAA said those two states had unusual weather of their own during the year. Alaska was cooler and slightly wetter than average during 2012, the agency said. In Hawaii, drought conditions spread during the year, with 63.3 percent of the state experiencing drought by the end of the year.

(Reporting by James B. Kelleher; Editing by Greg McCune and Tim Dobbyn)

Green News Headlines – Yahoo! News

Title Post: 2012 was hottest year on record in U.S., climate agency says
Url Post: http://www.news.fluser.com/2012-was-hottest-year-on-record-in-u-s-climate-agency-says/
Link To Post : 2012 was hottest year on record in U.S., climate agency says
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..