Today on New Scientist: 30 January 2013

Timbuktu's precious scientific texts must be saved

Islamist militants in Mali have burned documents that attest to science in Africa before European colonisation - what remains must be protected

Think that massage feels good? Try adding drugs

Nerve bundles that respond to stroking have been identified and chemically activated in mice

How Obama will deliver his climate promise

The US is set to meet - and maybe exceed - Obama's pledge to cut US emissions by 17 per cent, which could give a boost to international climate talks

Minimum booze price will rein in alcohol abuse

Evidence suggests the UK government's proposal to set a minimum price for alcohol could save thousands of lives, and billions of pounds of public money

First real time-travel movies are loopers

Hollywood has played with time travel for decades, but now physicists have the first movies of what travelling to the past actually looks like

Surfer rides highest wave ever caught

Garret McNamara of Hawaii claims to have ridden the highest wave ever caught by a surfer, a 30-metre monster off the coast of Nazar?, Portugal

Infrared laptop trackpad ignores accidental touches

Longpad is a touchpad that extends the full width of your laptop and uses infrared sensors to ignore any unwanted touches

Close call coming: Averting the asteroid threat

With an errant space rock heading this way, just how good are our asteroid defences - and how do we avert the cataclysm?

The right to fight: women at war

The US military has accepted women into combat. What can science tell us about how women deal with being in the line of fire? And are they any different to men?

Earth and others lose status as Goldilocks worlds

Several planets are taking a hit thanks to a redefinition of the habitable zone - the area around a star in which liquid water can theoretically exist

The 10,000-year bender: Why humans love a tipple

Our taste for alcohol results from an evolutionary tussle between humans and yeast - one in which the microbes have often had the upper hand

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Volkswagen?s Super Bowl Ad Isn?t Racist (OliverWillisLikeKryptoniteToStupid)

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Hagel says military view shaped by Vietnam

FILE - In this Jan. 7, 2013 file photo, President Barack Obama shakes hands with Defense Secretary-nominee, former Nebraska Sen. Chuck Hagel, in the East Room of the White House in Washington. Hagel says his months fighting in Vietnam alongside his brother Tom shaped his view of what it?s like to be a soldier in war, an experience that will inform his work if the Senate confirms him to be defense secretary. While Hagel, who was twice wounded, suggests caution when using military force, he also adopts a hard line toward Iran. His nomination hearings begin Thursday. (AP Photo/Pablo Martinez Monsivais. File)

FILE - In this Jan. 7, 2013 file photo, President Barack Obama shakes hands with Defense Secretary-nominee, former Nebraska Sen. Chuck Hagel, in the East Room of the White House in Washington. Hagel says his months fighting in Vietnam alongside his brother Tom shaped his view of what it?s like to be a soldier in war, an experience that will inform his work if the Senate confirms him to be defense secretary. While Hagel, who was twice wounded, suggests caution when using military force, he also adopts a hard line toward Iran. His nomination hearings begin Thursday. (AP Photo/Pablo Martinez Monsivais. File)

FILE - This Jan. 7, 2013 file photo shows former Nebraska Sen. Chuck Hagel, President Barack Obama's choice for defense secretary, speaking in the East Room of the White House in Washington. (AP Photo/Carolyn Kaster, File)

WASHINGTON (AP) ? Chuck Hagel says his experience fighting in Vietnam alongside his younger brother will shape any decision he makes to unleash military force if the Senate confirms him to be President Barack Obama's defense secretary.

On the eve of his confirmation hearing, Hagel offered his opinions on a long list of issues, from cuts in defense spending and women in combat to penalties against Iran, in a 112-page response to a questionnaire from the Senate Armed Services Committee.

It was the first time that Hagel's voice had been heard in such detail since Obama announced nominees for his second-term national security team on Jan. 7.

"I understand what it is like to be a soldier in war," wrote Hagel. "I also understand what happens when there is poor morale and discipline among the troops and a lack of clear objectives, intelligence, and command and control from Washington. I believe that experience will help me as secretary of defense to ensure we maintain the best fighting force in the world, protect our men and women in uniform and ensure that we are cautious and certain when contemplating the use of force."

If confirmed, the former two-term Republican senator from Nebraska would be the first enlisted man to serve as defense secretary.

Hagel described volunteering for Vietnam, serving a 12-month tour that included the Tet Offensive in 1968 ? a series of surprise North Vietnamese attacks on South Vietnam and its U.S. ally during a holiday cease-fire ? and rising to the rank of infantry sergeant.

In his responses, Hagel adopted a hard line on Iran and its possible pursuit of a nuclear weapon. He echoed Obama's view that all options are feasible to stop Tehran, praised the rounds of penalties and warned of "severe and growing consequences" if Iran balks at international demands.

Hagel has faced a barrage of criticism that he is not sufficiently pro-Israel or tough enough on Iran. In the past, Hagel has questioned the efficacy of unilateral sanctions on Iran, arguing that penalties in conjunction with international partners made more sense.

"If Iran continues to flout its international obligations, it should continue to face severe and growing consequences," Hagel said. "While there is time and space for diplomacy, backed by pressure, the window is closing. Iran needs to demonstrate it is prepared to negotiate seriously."

The United States and other Western nations have demanded that Iran stopped its uranium-enrichment program, which they perceive as a precursor to production of nuclear warhead-grade material. Iran insists that its program is for peaceful purposes.

The most recent round of negotiations ended in a stalemate last June.

Questioned about all options, Hagel said, "If confirmed, I will focus intently on ensuring that U.S. military is in fact prepared for any contingency."

He said that he would continue to put in place the "smart, unprecedented and effective sanctions against the Iranian regime" that Congress and the Obama administration have adopted in recent years.

Hagel was in line for hard questions from the 26-member Senate committee at a confirmation hearing Thursday that was expected to be a determining factor in the vote of several senators.

Democrats have rallied to support Obama's nominee. More than a dozen are announced backers, and at least one Republican senator has said he will vote for his former GOP colleague ? Sen. Thad Cochran of Mississippi, the top Republican on the Senate Appropriations Committee and its defense subcommittee.

But GOP-leaning outside groups have waged an unprecedented campaign of critical ads and statements against a president's Cabinet choice. Six Republican senators have said they will vote against Hagel, including some who opposed him even before Obama's announcement, in a fresh sign of the fierce partisan politics.

Hagel's opponents have focused on his past statements about Israel, Iran, gay rights and the influence of a "Jewish lobby," a comment for which he's apologized. They also worry about his support for cuts in nuclear weapons.

"Sen. Hagel has no credibility on perhaps the biggest foreign policy challenge facing the Obama administration's second term and on American national security interests in the Middle East and around the world," Sen. John Cornyn, R-Texas, an opponent of the nominee, said Wednesday on the Senate floor.

The criticism has surprised some of Hagel's strongest backers.

"This idea that's being propagated that he might be soft on adversaries. Chuck Hagel's not soft on anybody, particularly himself," said Sen. Jack Reed, D-R.I., a member of the Armed Services Committee, in a conference call with Hagel allies. "He drives hard. He's someone who searches for the right approach and the right policy."

Reed complained that Hagel had been pilloried by false attacks and revisionist theories about his career.

In the questionnaire, Hagel said that as long as nuclear weapons exist, the United States must have a "safe, secure and effective nuclear arsenal."

He insisted that he will implement the military's policy allowing gays to serve openly and move ahead on opening combat roles to women.

He expressed his opposition to the automatic, across-the-board budget cuts that will hit the Pentagon on March 1 if Congress fails to come up with an alternative. At the same time, he indicated that some reductions are inevitable.

"We will continue to need the best Army in the world. But the best Army does not mean the largest. We must have the Army be appropriately sized for the contingencies we deem likely, and it also must be trained and modernized," he said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-01-30-Hagel/id-8b320bf873984d3c941ec46e20511de5

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Man with child hostage in Alabama holing up in bunker, police say

MOBILE, Alabama (Reuters) - A standoff continued early on Wednesday with a gunman who boarded an Alabama school bus and fatally shot the driver before fleeing with a young child and holing up in an underground bunker, authorities said.

Dale County Coroner Woodrow Hilboldt confirmed the bus driver had been killed in the shooting Tuesday afternoon as children were being ferried home from school.

The gunman fled to a bunker on his property after the shooting, Alabama media reported. Hilboldt said it was his understanding that the child, variously identified by local media as 5 or 6 years old, was barricaded with the gunman in "some kind of a tornado bunker."

Local law enforcement gave scant details about the incident, but confirmed that one person had been killed and a child was present at the scene in Midland City.

Hilboldt said both the gunman and bus driver were in their 60s.

Law enforcement officials from multiple agencies were convened near the bunker on Wednesday as the standoff with the shooter continued overnight, said Dothan Police Sergeant Rachel David.

The shooting comes as national debate rages over gun violence, especially in schools, after a gunman shot dead 20 students and six staff members at a Connecticut elementary school last month.

Alabama media reported that the incident on Tuesday happened at approximately 4 p.m. local time when the suspect demanded the driver let a student off the bus.

When the driver refused, the man boarded the bus, then shot the driver before taking the child and fleeing the scene.

"I spoke to about three or four of the students," Michael Senn, a local minister whose church is near the scene, told Alabama NBC affiliate WSFA.

"One of them was a young lady and she told me that when the man entered the bus ... he told most of them to get off the bus and he grabbed a 5-year-old little boy," Senn said.

"From what I understand, kids were running down the road behind the church trying to get to safety."

One resident of the area who arrived quickly on the scene said he tried to chase the suspect before he realized that the gunman had taken cover in his own private bunker.

The sheriff's department said multiple agencies were assisting with the incident, and local schools would be closed on Wednesday.

(Reporting by Kaija Wilkinson; Additional reporting and writing by Colleen Jenkins; Editing by Barbara Goldberg and Nick Zieminski)

Source: http://news.yahoo.com/man-shoots-school-bus-driver-alabama-child-seized-015512702.html

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Khloe Kardashian: Happy Being Heavier!

Source: http://www.thehollywoodgossip.com/2013/01/khloe-kardashian-happy-being-heavier/

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Martin Luther King Jr. Speeches Still Hold Significance Today (VIDEO)

Dr. Martin Luther King Jr. would have celebrated his 84th birthday this year, and despite his assassination more than four decades ago, his speeches still resonate.

With an ongoing unemployment crisis, a divided government and a society that is far from post-racial, King's words take on contemporary meaning.

Below are some of King's most famous speeches in which he foresees great social progress, rails against the evils of war and warns that American freedoms guaranteed on paper are not granted to all.

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Source: http://www.huffingtonpost.com/2013/01/21/martin-luther-king-jr-speeches_n_2476512.html

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Aviation technology advances, FAA tries to keep up

1 hr.

David Koenig , The Associated Press

After two separate and serious battery problems aboard Boeing 787s, it wasn't U.S. authorities who acted first to ground the plane. It was Japanese airlines.

The unfolding saga of Boeing's highest-profile plane has raised new questions about federal oversight of aircraft makers and airlines.

Some aviation experts question the ability of the Federal Aviation Administration to keep up with changes in the way planes are being made today ? both the technological advances and the use of multiple suppliers from around the globe. Others question whether regulators are too cozy with aircraft manufacturers.

Even as they announced a broad review of the 787 earlier this month, top U.S. transportation regulators stood side-by-side with a Boeing executive and declared the plane safe ? saying that they would gladly fly in one. Transportation Secretary Ray LaHood repeated his endorsement Wednesday.

A few hours later, the FAA issued an emergency order grounding the planes.

Despite their concerns, many safety experts still believe that the current regulatory process works ? the 787s were grounded before any accidents occurred.

The Dreamliner is the first airliner whose structure is made mostly from composite materials rather than aluminum. The plane relies more than previous airliners on electrical systems rather than hydraulic or mechanical ones, and it's the first airliner to make extensive use of lithium-ion batteries to power cabin-pressurization and other key functions.

Such technological advances may force the FAA to re-examine the way it does its job.

"We've gone from aviation to aerospace products that are much more complex," said Richard Aboulafia, an aviation analyst with the Teal Group. "The FAA is equipped for aviation. Aerospace is another matter."

Former National Transportation Safety Board member Kitty Higgins said the FAA must consider whether changes in its certification process would have turned up the problems in the Dreamliner battery systems.

"They need to make sure the certification process stays current with the industry and the new technology," she said.

An FAA spokeswoman declined to comment for this article, referring instead to statements made during a news conference last week. Officials said then that the review of the 787 wouldn't be limited to the Dreamliner's batteries. FAA Administrator Michael Huerta said that the agency would "make sure that the approved quality control procedures are in place and that all of the necessary oversight is done."

The FAA has said that its technical experts logged 200,000 hours testing and reviewing the plane's design before certifying the plane in August 2011. Boeing defended the process and the plane.

"We are confident in the regulatory process that has been applied to the 787 since its design inception," said Boeing Co. spokesman Marc Birtel. "With this airplane, the FAA conducted its most robust certification process ever."

A week ago, FAA's Huerta and Transportation Secretary LaHood endorsed the Dreamliner's safety even as they ordered a new review of its design and construction following a fire in a lithium-ion battery on a 787 that had landed in Boston. Then, this past Wednesday, after a battery malfunction on a second plane resulted in an emergency landing, they grounded Dreamliner flights in the U.S.

In certifying new planes, the FAA relies heavily on information from the manufacturers. That system has worked ? the U.S. commercial airline fleet is safer than ever ? but it is coming under renewed scrutiny after the 787 incidents.

Experts say that FAA officials have no choice but to rely on information from aircraft manufacturers as key systems of the plane are designed and built.

"As a practical matter, they can't do the testing," said longtime aviation consultant Daniel Kasper of Compass Lexecon. "They don't have the expertise in aircraft design, and they don't have the budget ? it would be too costly. They would have to be involved in every step."

Thomas Anthony, director of the aviation-safety program at the University of Southern California, said many new planes have flaws that are only discovered once they go into service, and that the regulatory process worked the way it was supposed to with the Dreamliner.

"The FAA used to be accused of 'blood priority'" ? acting only after a disaster, Anthony said. "In this case, it's not true. The regulators are taking their job seriously. There were no accidents, there were no injuries, there were no fatalities."

That has not always been the case. In 1979, authorities grounded the McDonnell Douglas DC-10 for five weeks after an engine tore loose from the wing of an American Airlines plane, causing a crash that killed 273 in Chicago. And there were other incidents that occurred after the DC-10 was introduced in 1971, including cargo-door problems that forced one emergency landing and caused a Turkish Airlines crash that killed 346 in 1974.

Boeing, based in Chicago, is racing to find a fix to the Dreamliner's battery systems and get the planes back in the air. It is still producing 787s but has stopped delivering them to customers.

Bloomberg News reported that Boeing has tried to persuade FAA to end the groundings by proposing a variety of inspections and having pilots monitor electronic signals from the batteries to prevent fires. The FAA has been reluctant to approve those steps without a clear idea of what caused the defects and how they can be prevented.

The National Transportation Safety Board said in a statement issued Sunday that its own investigation continues into the Jan. 7 fire aboard the Japan Airlines Boeing 787 at Boston's Logan International Airport. An NTSB statement said the lithium-ion battery that powered the auxiliary power unit had been disassembled and examined at an agency laboratory. It added that the battery was X-rayed and CT scans were generated and certain components would undergo further scrutiny.

It also said investigators have examined several other components taken from the plane, including wire bundles and battery management circuit boards, adding test plans were being developed for those and other components removed from the aircraft. According to the statement, several other components were sent for further examination at Boeing's facility in Seattle and the manufacture's facilities in Japan.

AP Airlines Writer Joshua Freed contributed to this story from Minneapolis.

? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.nbcnews.com/technology/technolog/aviation-technology-advances-faa-tries-keep-1B8038212

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Superstar hand jive: 15 hand signals that'll get you places

All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE, Inc. and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners. ? 2012 WWE, Inc. All Rights Reserved. This website is based in the United States. By submitting personal information to this website you consent to your information being maintained in the U.S., subject to applicable U.S. laws. U.S. law may be different than the law of your home country. WrestleMania XXIX (NY/NJ) logo TM & ? 2012 WWE. All Rights Reserved. The Empire State Building design is a registered trademark and used with permission by ESBC.

Source: http://www.wwe.com/inside/superstar-hand-jive

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Hypertension Diet Tips | Leisure Fitness Equipment

Article by everdayhealth.com, Recommended by Jessica Loeser, Wellness Outreach Team

If you have hypertension, you?ll need to take action to protect your health and reduce your chances of developing serious, even fatal, health issues. And while medication can bring high blood pressure down, there?s more that you can do to improve your condition, like sticking to a diet that is known to help control hypertension.

Foods to Avoid When You Have High Blood Pressure

Your doctor probably already told you to lay off fattening hamburgers and salty fries as part of your hypertension diet, but there are foods you may not consider harmful that can wreak havoc on your blood pressure. The main culprit when it comes to skyrocketing blood pressure levels is sodium, found in more foods that you might expect.

Steer clear of or limit these high-sodium foods in your hypertension diet:

Dried, preserved, or salted meats, like bacon, ham, beef jerky, and pepperoni
Heavily salted snacks, like peanuts, chips, or crackers
Canned foods and meals, including vegetables and soups
Frozen foods and dinners
Sauces, condiments, and marinades
Table salt or salty seasonings
Foods That Help Manage High Blood Pressure

There are plenty of foods that can actually help lower high blood pressure. Studies show that potassium is very important in helping to lower high blood pressure and is a key ingredient in a diet that helps reduce hypertension. Choose these high-potassium, low-sodium fruits and vegetables:

Raisins, prunes and prune juice
Citrus fruits and juices
Honeydew, cantaloupe, and watermelons
Avocados
Apples and apple juice
Bananas
Fresh corn
Cooked squash, eggplant, cabbage, and cauliflower
Lima beans and peas
Peppers and radishes
Baked or boiled potatoes

A good way to make sure you?re getting exactly what you need to normalize your blood pressure is to follow the Dietary Approaches to Stop Hypertension diet (DASH). The DASH eating plan was developed to help lower blood pressure and boost heart health, based on research supported by the National Heart, Lung, and Blood Institute. Here are the key parts of the DASH hypertension diet:

Two to three daily servings of low-fat or fat-free dairy products (serving sizes include 1 cup milk or yogurt)
Four to five daily servings of fruits and vegetables (serving sizes include 1 cup leafy vegetable, 1 medium-size fruit, one-half cup juice)
Six to eight daily servings of whole grains (serving sizes include 1 slice of bread, 1 ounce dry cereal)
-Less than six daily servings of lean protein (serving sizes include 1 egg, 1 ounce cooked meat or fish)
Two to three daily servings of healthy fats and oils (serving sizes include 1 teaspoon vegetable oil or soft margarine, 1 tablespoon mayonnaise)
Four to five weekly servings of seeds, nuts, and legumes (serving sizes include 2 tablespoons peanut butter or seeds)
No more than five weekly servings of desserts and sweets (serving sizes include 1 tablespoon sugar or jam)

Managing hypertension with diet is all about reading the labels ? it helps to know what you?re putting into your body, and how food affects blood pressure.

Source: http://blog.leisurefitness.com/2013/01/hypertension-diet-tips/

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Baseball reflects on HOF pair Weaver, Musial

FILE - In this March 1958 file photo, St. Louis Cardinals' Stan Musial, with bat in hand, poses for a photo during spring training baseball in Florida. Musial, one of baseball's greatest hitters and a Hall of Famer with the Cardinals for more than two decades, died Saturday, Jan. 19, 2013, the team announced. He was 92. (AP Photo/File)

FILE - In this March 1958 file photo, St. Louis Cardinals' Stan Musial, with bat in hand, poses for a photo during spring training baseball in Florida. Musial, one of baseball's greatest hitters and a Hall of Famer with the Cardinals for more than two decades, died Saturday, Jan. 19, 2013, the team announced. He was 92. (AP Photo/File)

FILE - In this July 13, 1974 file photo, Baltimore Orioles manager Earl Weaver literally "flips his lid" as he protests a call by home plate umpire Marty Springstead during a baseball game against the Chicago White Sox in Chicago. Weaver, the fiery Hall of Fame manager who won 1,480 games with the Baltimore Orioles, has died, the team announced Saturday, Jan. 19, 2013. He was 82. (AP Photo/File)

One was born in St. Louis, the other became a star there.

Aside from that, Earl Weaver and Stan Musial were about as different as two Hall of Famers could be.

"Talk about your odd couple," said George Vecsey, the longtime sports columnist for The New York Times who wrote a recent biography of Musial.

Weaver was a 5-foot-6 rabble rouser whose penchant for quarreling with umpires belied a cerebral approach to managing that has stood the test of time. Musial was a humble slugger with a funky batting stance who was beloved by Cardinals fans and respected by pretty much everyone else.

Saturday began with news of Weaver's death at age 82, and by the end of the night Musial had died, too, leaving baseball to reflect on two distinguished careers rich in contrasts.

"Earl was well known for being one of the game's most colorful characters with a memorable wit, but he was also amongst its most loyal," Commissioner Bud Selig said.

Selig later released a statement after Musial's death at age 92.

"Stan's life embodies baseball's unparalleled history and why this game is the national pastime. As remarkable as 'Stan the Man' was on the field, he was a true gentleman in life," Selig said.

A three-time MVP and seven-time National League batting champion, Musial helped the Cardinals win three World Series championships in the 1940s. His popularity in St. Louis can be measured by the not one, but two statues that stand in his honor outside Busch Stadium. After his death Saturday, Cardinals of more recent vintage began offering condolences almost immediately.

"Sad to hear about Stan the Man, it's an honor to wear the same uniform," said a message posted on the Twitter account of Cardinals outfielder Matt Holliday.

Albert Pujols, who led St. Louis to World Series titles in 2006 and 2011 before leaving as a free agent before last season, offered prayers for Musial's family via Twitter.

"I will cherish my friendship with Stan for as long as I live," said a message posted on Pujols' site. "Rest in Peace."

Weaver was born in St. Louis, but his greatest success came as a manager in Baltimore. He took the Orioles to the World Series four times, winning one title in 1970.

Never a fan of small-ball strategies like bunting and stealing bases, Weaver preferred to wait for a three-run homer, always hoping for a big inning that could break the game open.

"No one managed a ballclub or pitching staff better than Earl," said Davey Johnson, who played under Weaver with the Orioles.

Johnson now manages the Washington Nationals and ran the Orioles from 1996-97.

"He was decades ahead of his time," Johnson said. "Not a game goes by that I don't draw on something Earl did or said. I will miss him every day."

While Musial could let his bat do the talking, Weaver was more than willing to shout to be heard. His salty-tongued arguing with umpires will live on through YouTube, and Orioles programs sold at the old Memorial Stadium frequently featured photos of Weaver squabbling.

Former umpire Don Denkinger remembered a game in which the manager disputed a call with Larry McCoy at the plate.

"Earl tells us, 'Now I'm gonna show you how stupid you all are.' Earl goes down to first base and ejects the first base umpire. Then he goes to second base and ejects the second base umpire. I'm working third base and now he comes down and ejects me," Denkinger said.

Musial was a quieter type who spent his career far removed from the bright lights of places like New York and Boston. But his hitting exploits were certainly on par with contemporaries Joe DiMaggio and Ted Williams.

"I knew Stan very well. He used to take care of me at All-Star games, 24 of them," Hall of Famer Willie Mays said. "He was a true gentleman who understood the race thing and did all he could. Again, a true gentleman on and off the field ? I never heard anybody say a bad word about him, ever."

Dave Anderson of The New York Times recalled growing up in Brooklyn, rooting for Musial. Those Dodgers crowds helped give Musial his nickname, Stan the Man.

"I thought he was going to knock the fence down in Brooklyn, he'd hit it so often," Anderson said.

Musial did it despite an odd left-handed stance ? with his legs and knees close together, he would cock the bat near his ear and twist his body away from the pitcher before uncoiling when the ball came.

If that was a lasting snapshot of Musial, the images of Weaver will stay just as fresh ? the feisty manager, perhaps with his hat turned backward, looking up at an umpire and screaming at him before kicking dirt somewhere and finally leaving the field.

None of those histrionics should obscure the fact that in the end, Weaver often had the last laugh ? to the tune of a .583 career winning percentage.

"When you discuss our game's motivational masters, Earl is a part of that conversation," Hall of Fame President Jeff Idelson said. "He was a proven leader in the dugout and loved being a Hall of Famer. Though small in stature, he was a giant as a manager."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-01-20-Stan%20and%20Earl%20Remembered/id-62bb9b1cd19d4510aa42ba9e93f977c0

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Chastain bests Arnold, Wahlberg at box office

NEW YORK (AP) ? Jessica Chastain easily outmuscled Arnold Schwarzenegger and Mark Wahlberg over the weekend, topping the box office with her supernatural horror film "Mama."

According to studio estimates Sunday, "Mama" earned $28.1 million. Chastain held the top two spots with both "Mama" and the Osama bin Laden manhunt drama "Zero Dark Thirty," for which she's nominated by the best actress Oscar. In its second week of wide release, "Zero Dark Thirty" took in $17.6 million.

Schwarzenegger's post-governorship comeback got off to a poor start. His action flick "The Last Stand" opened with just $6.3 million, one of the worst debuts for the brawny 65-year-old star.

The Mark Wahlberg, Russell Crowe New York crime film "Broken City" didn't fare much better. It premiered with $9.1 million.

Source: http://news.yahoo.com/chastain-bests-arnold-wahlberg-box-office-171326434--finance.html

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After Facebook Graph Search announcement, new discussion of privacy

Facebook has released a new semantic search engine called Graph Search. So what does that mean for Facebook users??

By Matthew Shaer / January 18, 2013

Facebook CEO Mark Zuckerberg listens to a question after introducing a new feature called Graph Search during a media event at Facebook headquarters in Menlo Park, Calif., on Jan. 15.

Reuters

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Earlier this week, Facebook CEO Mark Zuckerberg took the wraps off a Facebook search feature called Graph Search, which harnesses data from your friends' feeds and turns all of Facebook into one giant recommendation engine. Want tips on the best Chinese restaurant within walking distance of your apartment??Done.?Want to find?Star Wars?fans in your area??You can have that too.?

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"You can find people based on things they've shared with you, including their interests and profile info," Facebook reps wrote on the Graph Search promo page. "You'll see results for friends who share their city with you, people whose city is set to Public, and suggested results based on info shared with you."?

Facebook has been extremely careful to stress that Graph Search will not fundamentally affect user privacy: Folks who have zealously guarded their personal information in the past can continue to do so once the new search engine is fully up and running. (It's in beta now.) But as Josh Wolford notes over at WebProNews, it's not quite as simple as that.?

Here's Wolford:?

You probably don?t know this, but as of now, you are unable to opt out of being featured in Facebook search results. You used to be able to do this, but as of mid-December, this option has been taken away from you...?What Facebook has done is disallow users to remove themselves from search a month before releasing a giant new product that relies on user visibility in search. For the Graph Search to be useful to anyone, people have to appear in the results. When I search ?people who went to Harvard and like The Winklevoss Twins,? I expect to turn up at least some results from people whose info is set to public, or ?friends of friends.??Well played, Facebook.

So what's a privacy-minded user to do? Well, Business Insider has a step-by-step guide to shoring up your account ? it's worth reading in full. Alternatively, of course, you could just give in to the machine.?

As Josh Constine notes in a long piece over at TechCrunch, by introducing Graph Search, Facebook has done something really clever: it's made?non-sharers look downright selfish. "If you share openly, you share for the benefit of mankind," Constine writes. "And when you don?t, or share to just a few people, you?re robbing the world of your knowledge, recommendations, and content."?

The whole thing, Constine continues,?"redefines our relationship with the Facebook share box. There?s suddenly a reason to share even if you can?t immediately foresee how or to who it will be valuable."?

Thomas Claburn of Information Week?agrees. Graph Search, he writes, "might encourage Facebook users to share more information about themselves and their affinities, in order to make social search more useful for their friends and for themselves. Being invisible on Facebook could impose an opportunity cost."?

As for people who don't love to share on Facebook, well, they may find themselves simply left behind.?

For more tech news, follow us on?Twitter:?@CSMHorizonsBlog

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/mGv09nr_bs8/After-Facebook-Graph-Search-announcement-new-discussion-of-privacy

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Things To Know Before You Get A Payday Loan - Finance Analysis

Cash advances don?t have to be scary. You can get a payday loan and not have to have a lot of worries in the future, just as long as you are informed on the subject. Continue reading to eliminate any fears about payday advances.

Make sure you are ready for the terms of a payday loan before you sign on the dotted line. You may feel a serious financial crunch, but if repayment is likely to be difficult in the short term, you might incur massive fees and costs that will exacerbate your problems.

Payday Loan

A reputable payday lender will not usually approve a payday loan using only the phone. An online submission of the application is the general procedure these days. After the application is approved, you can finish the transaction by telephone. Any payday loan company should have a phone number for their customer service team.

You might want to ask your boss for an advance on our paycheck. Some employers allow paycheck advances, and that can save you a lot of money and future headaches. Ensure you find out about this before you go ahead and sign for a loan.

Research the fees before you sign payday loan contracts. Sometimes, the fees could run up to 25 percent of the money that you borrow. Over just a few weeks, this means you are paying an annual interest rate of nearly 400 percent. The fees increase if you do not pay the lender back the next time you are paid.

Payday loans are usually a last resort when you are in dire straits. It is okay to use this resource occasionally, but it should never be a consistent means of obtaining funding. Find a solution to prevent the financial issue before it happens in the first place.

There are some online sites that claim they can help you get a loan that are fraudulent. Make sure that you do all of your research. See if the lenders you are considering are on these sites before taking out loans from them. It is important that you borrow from a legitimate, established company that is not attempting to rip you off.

Payday Loan

Do not apply for a payday loan before considering other, less expensive options. Even if you take a cash advance on a credit card, your interest rate will be significantly less than a payday loan. Consider asking for an advance at work or borrowing money from a family member or close friend.

Research any company that you are considering using for your payday loan, as many have hidden fees or extremely high interest rates. Make sure the company has a good track record and has a business history spanning at least 60 months. Educating yourself before accepting a loan can keep you from losing time and money to unscrupulous companies.

A quick check at the website of the BBB (Better Business Bureau) is always a good idea before you finalize your choice of payday loan provider. There are a lot of sketchy companies out there scamming individuals who are really in need of help. It is vital that you take responsibility to learn all that you can about any lender you?re thinking of doing business with.

Look into any guarantees offered by loan companies. They may be withholding part of the truth from you. They know you can?t pay off the loan, but they lend to you anyway. Look for the fine print on any promise that your lender makes to you.

A great way to choose which payday loan you should apply for is to look on various forum and review sites to see which lenders are the most reputable and easy to work with. This way, you can tell which companies it?s safe to trust and which you should avoid.

With all that you read about cash advance loans you should now feel differently about the subject. There is no need to avoid obtaining a payday loan, as doing so is perfectly legal. With any luck, you now have more confidence in dealing with cash advances.

This article has all the blue widget information you require. As you continue learning about stock quotes, your opportunities will also increase. By learning all you can about stock quotes, you can soon become an expert on the topic.

Source: http://eftanalysis.com/2013/01/18/things-to-know-before-you-get-a-payday-loan/

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Alt-week 19.1.13: cloudy lasers, GPS drugs and proving George Lucas wrong

Alt-week takes a look at the best science and alternative tech stories.

It's 2013 and yet somehow we haven't ascended into a creature made of pure energy, so we'd better put some clothes on and get back to work. We've got lasers that are made from gas, a team of student physicists that are determined to prove George Lucas wrong, the world's oldest underground railway celebrating its sesquicentennial and we'll learn how the NYPD wants to track drug addicts with GPS. If that doesn't sound like the Alt-weekiest Alt-week you ever did see, then we can't be friends.

A team of physicists from the Institut Non Linéaire de Nice have discovered how to produce a laser from a cloud of gas for the first time. Normally, Lasers amplify light by bouncing it around inside a confined space like a crystal, simulating the emission of radiation. While the phenomenon has been found on other planets, reproducing the effect on Earth has been difficult, because gas is less ordered and refined than your average crystal. The team succeeded by using a cloud of rubidium in a magneto-optical trap, and the discovery should help scientists understand more about gas lasers and help them to discover new forms of artificial light.

The world's oldest underground railway had its 150th birthday earlier in the month, and Google celebrated the moment with a Harry Beck-themed doodle. London's Metropolitan railway opened up on January 9th 1863 and has been serving customers ever since. London Underground will also be recreating the journey by pulling a steam locomotive between Paddington and Farringdon -- the hottest ticket in town, give or take the odd show.

The NYPD is working with pharmacies in New York to add GPS trackers to OxyContin bottles in order to track thieves across the city. Commissioner Ray Kelly is announcing a plan that'll give pharmacists "bait" bottles to hand over the next time they're robbed, letting the police know exactly where they end up. Commissioner Kelly is also asking researchers to develop trackers small enough to fit inside an individual pill -- which sounds great for law enforcement officials, but might make the ACLU wince a little.

From Star Wars to that Windows screensaver, everyone knows what Hyperspace looks like. As your vessel makes the jump, the stars instantly become streaks of light that zoom past your eyes. Except a quartet of students from Leicester think that the reality would be closer to staring into a light bulb. Thanks to Doppler blue-shift, visible light would shorten and shift into the X-ray spectrum, while cosmic background radiation would go the other way. The result would be a central disc of bright light that emits so much pressure that it'd feel like you were trapped at the bottom of the ocean. Riley Connors, one of the students determined to disprove George Lucas said that "sunglasses would certainly be advisable," as well as some lead-lined clothes to keep out all of those X-rays.

Seen any other far-out articles that you'd like considered for Alt-week? Working on a project or research that's too cool to keep to yourself? Drop us a line at alt [at] engadget [dot] com.

Filed under: Alt

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/2iADlFTrrFU/

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Small change for big improvement: Halogen bonds and drug discovery

Jan. 18, 2013 ? Halogen bonding has been applied in crystal engineering, materials research, and nanotechnology for some time. Scientists from the Heidelberg Institute for Theoretical Studies (HITS) and the Czech Academy of Science in Prague have now developed a new tool to use halogen bonds for drug discovery applications.

Halogen chemistry has been exploited by medicinal chemists for nearly 70 years. To date, halogens were regarded useful for optimization of so-called ADMET properties (the acronym stands for absorption, distribution, metabolism, excretion, toxicity) -- they improve oral absorption and facilitate crossing biological barriers by prospective drugs, they are useful for filling small hydrophobic cavities present in many protein targets, and they prolong lifetime of the drug. In short: They make compounds of interest more drug-like. However, direct interactions mediated by halogen atoms have been much ignored in pre-clinical drug development.

Recently, scientists from Heidelberg and Prague, working in quantum chemistry and structure-based drug design, have developed a new tool for the usage of halogen bonds for computational medicinal chemistry and drug discovery applications. The study, led by Dr. Agnieszka Bronowska from the Heidelberg Institute for Theoretical Studies (HITS) and conducted in cooperation with scientists from the Czech Academy of Sciences, has been published in Chemical Communication.

Most halogens -- except fluorine -- have unique properties which allow them to stabilize direct interaction between prospective drugs and their protein targets. These properties are of quantum-chemical origin; namely, the anisotropy of charge distribution around the halogen atom, when it is bound to an electron-withdrawing substrate. Unexpectedly, despite of being negatively charged, halogens have regions which remain positively charged (image, left panel). These regions, called sigma-holes, are responsible for the directional and stabilizing character of halogen bonding with other electronegative atoms, such as oxygen or nitrogen. Overlooking sigma-holes leads to errors in predictions of structure and energetics of drug-protein complexes and thus to failure in drug development.

By approximating the positively charged sigma-hole with a massless, charged pseudo-atom (denoted as explicit sigma-hole or ESH), Agnieszka Bronowska and her colleagues incorporated a quantum-chemical effect into faster (and much less accurate) computational methods applicable to structure-based drug design. "We tested nearly a hundred complexes between medicinally relevant proteins and halogenated molecules," Bronowska says. "The results showed significant improvement in the description of such complexes upon introduction of ESH."

The new method is already used by research groups in the Czech Republic, in the United Kingdom and in the U.S. for designing novel compounds to treat chemotherapy-resistant cancers, infectious diseases, and Alzheimer's disease.

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The above story is reprinted from materials provided by Heidelberg Institute for Theoretical Studies.

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

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Journal Reference:

1. Michal Kol??, Pavel Hobza, Agnieszka K. Bronowska. Plugging the explicit ?-holes in molecular docking. Chemical Communications, 2013; 49 (10): 981 DOI: 10.1039/C2CC37584B

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/matter_energy/biochemistry/~3/fIgilyeSN_w/130118064729.htm

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Enjoy 2 Tickets to the World Premiere of Beautiful Creatures on February 6 at the Famous Grauman?s Chinese Theater in Hollywood

Grab a friend and attend the premiere of Beautiful Creatures at the Famous Grauman?s Chinese Theater in Hollywood.

Beautiful Creatures is based on the best-selling book by Kami Garcia and Margaret Stohl. The film is directed by Academy Award Nominee, Richard LaGravenese and stars Alden Ehrenreich, Alice Englert, Academy Award Nominee- Viola Davis, Academy Award Winner Jeremy Irons, Emmy Rossum and Academy Award Winner- Emma Thompson.

A supernatural love story set in the south, Beautiful Creatures tells the tale of 2 star crossed lovers: Ethan and Alice. Together, they uncover dark secrets about their respective families, their history and their town.

Source: http://www.charitybuzz.com/catalog_items/3307223

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Stocks clock third straight week of gains

Stocks closed higher on Wall Street Friday, finishing out a third straight week of gains.?GE led the 30 stocks in the Dow Jones industrial average after the conglomerate reported stronger quarterly earnings.

By Matthew Craft,?AP Business Writer / January 18, 2013

Traders work on the floor of the New York Stock Exchange Friday. Major stock indexes closed out their third straight week of gains Friday.

Brendan McDermid/Reuters

Enlarge

Better earnings from General Electric and Morgan Stanley helped the?stock?market inch higher Friday, as major indexes closed out their third straight week of gains.

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GE led the 30?stocks?in the Dow Jones industrial average after the conglomerate reported stronger quarterly earnings, thanks to orders from Brazil, Angola and other developing countries. Profits increased at all seven of its industrial segments, including oil and gas, energy management, aviation and transportation. GE climbed 74 cents to $22.04.

The Dow gained 53.68 points to end at 13,649.70.

The Standard & Poor's 500 index rose 5.04 points to 1,485.98, while the Nasdaq composite fell 1.30 points to 3,134.70.

Even though investors had plenty of news to digest, trading was largely quiet. "Earnings always matter," said Rex Macey, the chief investment officer of Wilmington Trust Investment Advisors in Atlanta. "But just because we're in the middle of earnings season doesn't mean we're going to get huge market moves."

This earnings season is off to a good start so far. Of the 67 companies in the S&P 500 that have reported, 43 have trumped analysts' estimates.

Solid results this week from JPMorgan Chase and others, along with encouraging news on housing and employment, pushed the S&P 500 index to its latest five-year high.

Morgan Stanley's earnings surged across its many business lines, as more companies hired the investment bank to help it raise money and line up mergers. Morgan Stanley gained 8 percent, rising $1.63 to $22.38.

Intel, the world's biggest chipmaker, said late Thursday that fourth-quarter net income fell 27 percent. A growing preference for smartphones and tablets, instead of personal computers and laptops powered by Intel chips, have made investors wary of the company's?stock. It lost $1.43 to $21.25.

Norwegian Cruise Line soared 30 percent in its first day of trading, the top performance of the three companies making their public debut on Friday. Five companies raised a total of $1.8 billion through initial public offerings this week, making it the best week for IPOs since early October, according to the data provider Ipreo.

American Express fell 96 cents to $59.78. Hefty charges tied to the credit card issuer's plan to cut jobs and reorganize some business lines hurt results, and revenue fell short of estimates.

Analysts forecast that companies in the S&P 500 will report a 4 percent increase in fourth-quarter earnings over the same period the year before, according to a report out Friday from S&P Capital IQ. They say banks and other financial firms should have the strongest profit growth of any industry. Technology companies like Intel are expected to struggle.

Among other companies in the news:

? Capital One lost 7 percent after reporting revenue and earnings that fell short of analysts' estimates. The bank and credit-card company also lowered its forecast for revenue in the months to come, and many brokerages quickly responded by cutting their outlook for the company's?stock. Capital One sank $4.60 to $56.99.

? Life Technologies, a maker of genetic testing equipment, soared 11 percent following reports that it's considering putting itself up for sale. The company's board said it has hired Deutsche Bank Securities and the investment bank Moelis & Co. Life Technologies'?stock?jumped $5.82 to $60.79.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/f4orkuRguD0/Stocks-clock-third-straight-week-of-gains

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Apple adds refurbished 13-inch MacBook Pro to online store, Retina model starting at $1,439

It's been nearly two weeks since Apple made its 15-inch next-generation MacBook Pro available as a refurb and now the 13-inch model's ready to follow suit. Listed on the company's online storefront today, iFans averse to full retail pricing can now snag the base model with a 2.5GHz dual-core Intel Core i5, 4GB RAM and a 500GB HDD for $1,019 (about $180 less). That's if you hate your eyes, but have slightly more respect for your wallet. Or... or you can go for the gloss and get the Retina model with the same processor setup, 8GB RAM and a 128GB SSD (configurations of up to 512GB also available) for $1,439 -- so long as you're willing to pay more of a premium. However it shakes down for you, there's no denying you're in store for savings and the pleasures of a product that's almost brand new.

Filed under: Laptops, Apple

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Via: MacRumours, SlashGear

Source: Apple

Source: http://www.engadget.com/2013/01/17/apple-refurbished-13inch-macbook-pro-retina/

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Evergreen Fire-Rescue Gearing Up for Radio-Frequency Shift ...

Sandy Barnes, The Canyon Courier (Evergreen, Colorado)

Evergreen Fire/Rescue is switching from wide- to narrow-band radio to meet a federal mandate that took effect the first of the year.

Using $700,000 in grant funds from the FCC Public Safety and Homeland Security Bureau and an additional $234,000 recently received, the district is converting its radio program from ultra-high frequency to very-high frequency. ?

?That was the big reason we got the grant,? said Fire Chief Mike Weege.

After applying for federal funding with Clear Creek and Gilpin counties and the Black Hawk Police Department in 2009, the cost of making the change increased, said Weege.

When extra funding became available from the Urban Areas Security Initiative of the Homeland Security Bureau, the project was able to continue, Weege said.

?Working with the federal government is a slow process,? said Weege.

The Evergreen fire district had to match 25 percent of the cost, which totaled $1.2 million.

For the district, an integral part of the process is aligning its frequency with other area emergency services.

?This will help dramatically with wildland fires,? said Weege. ?Everybody around us is VHF.?

After receiving an extension from the Jan. 1 deadline, the fire district?s new deadline for having all equipment purchased and in place is April 30.

To assist with the process, the district hired Pericle Management.

?They came with the design for the system,? said Weege.

Chris Johnson, IT coordinator for Evergreen Fire/Rescue, also has played an important role as the point person for the transition, he added.

?We?ve eliminated risks of the frequencies,? Johnson said while discussing the project at the Jan. 8 meeting of the Evergreen Fire Protection District board. ?It?s a very slow, frustrating process.?

Both Weege and Johnson expressed concern about meeting the April 30 deadline and possibly losing grant funds.

?We may get one more extension on the grant,? said Weege.

?There?s going to be some sprinting at the end,? said Johnson.

Code Red in place

Replacing a problematic emergency-notification program with Code Red a system designed to enable local government officials to quickly record, send and track personalized messages to citizens is going to make a positive difference in emergency communications with residents, said Weege.

?We?re trying to make a big awareness push,? he said. ?For everybody, that will help.??

Copyright ? 2013 LexisNexis, a division of Reed Elsevier Inc. All Rights Reserved.?

Source: http://psc.apcointl.org/2013/01/17/evergreen-fire-rescue-gearing-up-for-radio-frequency-shift/

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Biology Molecular Biology - Group Leader ? Membrane Protein ...

Location: Hamburg, Germany
Staff Category: Staff Member
Contract Duration: 5 years
Grading: 9
Closing Date: 17 March 2013
Reference number: HH_00040

Job Description
The European Molecular Biology Laboratory (EMBL) is one of the highest ranked scientific research organisations in the world. The Headquarters Laboratory is located in Heidelberg (Germany), with additional sites in Grenoble (France), Hamburg (Germany), Hinxton (UK) and Monterotondo (Italy).

State-of-the-art infrastructures for applications in life sciences on DESY campus, Hamburg, Germany, provide a world-class environment for most challenging experiments in structural biology with high scientific significance. The Hamburg Unit of EMBL has built an integrated facility in structural biology with three synchrotron radiation beamlines for applications in macromolecular X-ray crystallography and small angle X-ray scattering of biological samples at the new PETRA III ring.?

EMBL is a partner of the future Center for Structural Systems Biology (CSSB) on DESY campus, which will allow highly interdisciplinary research across its members. This group leader position will be associated with EMBL.?

The successful candidate is expected to have his/her research focus matching the following:

• Experience and research projects in membrane protein crystallography
• Medically relevant research interests, preferably in infection biology

It should include:

• Innovative use of synchrotron radiation in structural biology
• Complementary ?hybrid? structural biology approaches
• Interest into Free Electron Laser applications (optionally)
• Plans for complementary functional experiments

The candidate will take a leading role both at CSSB and the EMBL Hamburg Unit. She/he should have a PhD or similar degree in a relevant research area, at least three years of postdoctoral experience, and an excellent research record.

Further information about research at EMBL Heidelberg can be found on the EMBL web page. Application Instructions

Please apply online?by clicking on?the Apply button below.

In your application, please include a Cover Letter, CV and a concise description of research interests & future research plans. Please also arrange for 3 letters of recommendation to be emailed to: references@embl.de at the latest by 17 March 2013. Additional Information For further information about the position please contact recruitment@embl.org.

Interviews are planned for 22 and 23 April 2013 (however, dates can be flexible or subject to change depending on circumstances at the time).

EMBL is an inclusive, equal opportunity employer offering attractive conditions and benefits appropriate to an international research organisation. Information on Team/Group Leader appointments can be found under http://www.embl.org/gl_faq.

Please note that appointments on fixed term contracts can be renewed, depending on circumstances at the time of the review.

Source: http://www.thesciencejobs.com/jobs/biology/144702

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Jamie Dimon will get a pay cut after trading loss

FILE - In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. (AP Photo/Mark Lennihan, File)

FILE - In this May 11, 2012 file photo, people stand in the lobby of JPMorgan Chase headquarters in New York. JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) ? JPMorgan Chase reported a 55 percent jump in earnings for the last three months of 2012 as mortgage fees and other income surged. The bank also released internal reviews of a surprise $6 billion trading loss that has drawn sanctions from regulators and said it would cut its CEO's pay as a result.

JPMorgan, the country's biggest bank by assets, will pay Jamie Dimon $11.5 million for 2012, consisting of $1.5 million in salary and restricted stock awards of $10 million. That's less than half what he made last year, $23 million, which made him the highest-paid chief executive of any of the country's mega-banks.

The bank's board of directors sets the pay for Dimon and other top executives. In a call with reporters, Dimon said he wasn't involved in their decision but respected it. When a reporter asked him for his "gut feeling," he replied, "Nope, you're not gonna get it."

It was just the latest reminder of the long shadow cast by the trading loss, which has tarnished the bank's previously sterling reputation as a responsible risk manager and brought about two congressional hearings. On Monday, the Federal Reserve and the Office of the Comptroller of the Currency, both bank regulators, slapped sanctions on JPMorgan for the trading loss and ordered it to tighten up its risk management procedures. JPMorgan, which neither admitted nor denied wrongdoing with the order, says it is working hard to correct any problems.

The bank's board of directors, explaining its decision to cut Dimon's pay, concluded that last year's trading losses were "a serious mistake." However, the board also praised Dimon for his response to the problem, which included reorganizing lines of business, shuttering the division that was responsible and getting rid of top managers.

"Importantly, once Mr. Dimon became aware of the seriousness of the issues presented by the CIO, he responded forcefully by directing a thorough review and an extensive program of remediation," the bank said. The CIO is the Chief Investment Office, the unit where the bets that led to the loss were made.

Dimon is eager to move past the trading loss. The bank said it experienced a "modest loss" over the quarter on the portion of the CIO portfolio that it moved to its investment bank to get cleaned up, but it didn't give details.

Dimon said the trading loss is "very close to being a non-issue from a trading point" of view.

"Companies have problems," he added. "The problem embarrassed us. We're fixing it."

In its report, the bank's board of directors criticized the CIO's former leaders, saying they did not keep the board informed of potential problems and had used unapproved models for calculating risk. When the Wall Street Journal first reported the losses, at least one CIO executive dismissed it, saying it was "based on an inaccurate market perception that the portfolio was unhedged," or not protected against loss, according to the board.

The trading loss could bring even more regulatory headaches. The bank has said it has received requests for information related to government inquiries and investigations by Congress, the Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the U.K. Financial Services Authority, the state of Massachusetts and others. The bank said it is cooperating with these investigations.

Fourth-quarter earnings shot up 55 percent over the year. The bank made $5.3 billion after paying preferred dividends, compared with $3.4 billion this time a year ago.

Per share, those earnings amounted to $1.40, blowing away the $1.16 expected by analysts polled by FactSet.

Revenue also beat Wall Street's forecasts, rising 10 percent to $24.4 billion, after stripping out an accounting charge. Mortgage originations jumped 33 percent. Dimon said the housing market "has turned," echoing a statement he made in October after its third-quarter earnings report. He cited signs that point to an upturn, including housing prices that are rising in parts of the country and weakening foreclosures.

Earlier this month, JPMorgan and nine other banks agreed to spend a combined $8.5 billion to settle the government's charges that they had wrongfully foreclosed on struggling homeowners. The bank said it took an expense of about $700 million related to the settlement.

The stock fell 45 cents to $45.90 in pre-market trading.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-01-16-Earns-JPMorgan/id-59ad0240b94e40c9b13b2373f6f9d77b

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