Monday, February 25, 2013

Japan PM Abe keeps ratings high as he pushes reflation steps

TOKYO (Reuters) - Voter support for Japanese Prime Minister Shinzo Abe rose to 70 percent or more in two weekend opinion polls, signaling that his drastic economic policies are winning backing and giving him a shot at becoming a rare long-term leader.

Abe, who took office in December after his conservative Liberal Democratic Party's massive election win, has promised to beat deflation and revive the long-stagnant economy with a mix of hyper-easy monetary policy and big fiscal spending.

Abe, just back from a summit in Washington with U.S. President Barack Obama, is set to nominate Asian Development Bank President Haruhiko Kuroda, a supporter of his aggressive monetary easing stance, as the next Bank of Japan (BOJ) governor, sources said on Monday.

Seventy percent of voters backed Abe in a survey by the Nikkei business daily, up two percentage points, while Kyodo news agency put his rating at 72.8 percent, up 6.1 points. Fifty-eight percent in the Nikkei survey agreed the next BOJ governor should be a proponent of drastic monetary easing.

The consistent high levels of support are rare for a Japanese leader, whose ratings often start high but then sink. That fate befell Abe during his troubled 2006-2007 first term.

Abe is Japan's seventh premier since popular Junichiro Koizumi ended a rare five-year term in 2006.

Abe's LDP and its junior partner have a huge majority in parliament's lower house but need to win a majority in a July upper house election to cement their hold on power.

The Nikkei survey showed that 48 percent of voters were in favor of Japan joining talks on a U.S.-led trade pact, the Trans-Pacific Partnership (TPP), while 33 percent were opposed.

Abe could announce a decision to join the TPP negotiations -- staunchly opposed by Japan's powerful farm lobby -- as early as this week, media said.

(Reporting by Linda Sieg; Editing by Paul Tait)

Source: http://news.yahoo.com/japan-pm-abe-keeps-ratings-high-pushes-reflation-004208368--business.html

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Gold And Silver - The Market Oracle

Global Financial and Commodity Markets 2013

Commodities / Gold and Silver 2013 Feb 24, 2013 - 01:21 PM GMT

By: Michael_Noonan

Commodities

Developing market activity is the best and most reliable source for market information. All you have to do is follow what the activity is saying, and you will have the clearest idea of where the market is headed. For the near term, of heightened concern for many, the market says the current decline is far from over. Price may not be far from the low of the decline, but the trend is down, and it takes time to turn a trend around, so do not expect to see a dramatic rise in the price of either gold or silver.

Our downside target of $1600 gold has been exceeded, while the $28 target for silver has not been met, although in horseshoes, it would be a leaner. [See Decline Not Over, 1st and 3rd charts, click on http://bit.ly/WWXFlt]. Next week, who knows?

The biggest advantage in letting the market speak loudest is that all one need do is follow its path, for it always leads to a logical conclusion. The conclusion may not fit with one's hopes or expectations, many times, but the market never misleads in its intent. It is not always easy to read, occasionally, so during those times, it is best to do nothing until a clearer direction becomes more discernible.

This week, the silver charts lead because we see them as more telling than gold. The monthly is our starting point. It will become apparent why silver warrants more focus when compared to gold as you view the respective charts.

We continue to mention the bullish spacing because it puts the metals into an important context from a larger perspective, and the spacing lets us know that silver and gold remain in uptrends with gold net stronger, but just not for the near term. A look at the monthly gold chart will make that perfectly clear.

This does not mean gold/silver will not still go lower. For now, developing market activity continues to point in that direction. Prices may be at or near a low, but we see no ending action that says one has been reached.

There is a very positive development in silver, even after last week's sharp decline. An important change in behavior occurred in August 2012 when silver rallied out of the doldrums for two strong months, "2" on the chart. What is somewhat impressive about the current decline is how it has been labored relative to the two month rally in mid-2012. After 4+ months, [it says 5* on the charts, the * signifying the 5th month is not over, and no one knows where it will end], that breakout area is still holding.

Compare the two strong rally bars with the 5 overlapping decline bars. They tells us sellers are expending a lot more effort to drive price down to the starting level where buyers took over last August.

It could be that February will continue to fall and go under the 26 level, we do not know. All we can do is look at what is known, to date, and draw some conclusions. Seeing more detail in the weekly and daily charts may help.

When you compare the weekly gold chart to silver, you will see how gold is weaker for the near term. We do not follow any fundamentals, but it could well be that the underlying supply/demand factors for silver, with its industrial use, are far more important than viewing silver as a poor man's gold substitute as a store of wealth. Similar usage demands do not exist for gold.

Price remains in a down channel, just it is slightly under, and it is also near the breakout level from August 2012, both concurrently offering potential support in this negative market.

An explanation is provided in the left corner of the chart concerning the dashed portion of the lines. They extend from 3 and 2, respectively, at the point in time just after swing high 3 is known. How price reacts to these lines provides important market information.

In the previous article, Decline Not Over, http://bit.ly/WWXFlt, also on the third chart we commented how price failed to reach the upper channel line, see arrows below, and maybe head back toward $28? This is how one pays attention to the market's message in order to avoid surprises or be on the wrong side.

One reason why we say silver may be at/near a low point is the climatic volume, three days ago, which also drove price under the lower channel oversold line. Markets often end in excess, and sharply higher volume always warrants attention for it almost always entails a transfer of risk from weak into strong hands. Smart money buys bottoms, and they show their hand by increased volume.

The volume from last Wednesday is mostly all short-covering. Net new buying usually comes in after a bottom is confirmed, and that is a caveat for acknowledging that price can still go lower, maybe not by much, but sill lower, to whatever degree. There has been no indication of confirmed ending action, yet.

The last two trading days have much smaller ranges and overlapping bars. The market is telling us there was zero downside follow-through after Wednesday, and overlapping bars reflect a balance between buyers and sellers at a point where sellers have been in total control. These are littler messages, and they need confirmation before acting on them.

It is interesting to note how price stopped just above the $28 support. Why? Why not just crush buyers even more, while sellers have so much control? The questions address what we implied above, are sellers still in total control?

For different reasons, as explained so may times before, buy physical silver, especially at these lower levels. As to futures, stay away from the long side. Picking bottoms is one of the surest ways of losing money. Better to just give your broker a big check and make at least one person happy. You also limit your "loss" to the size of the check.

The trend is down. Consistent money is not made trading against the trend. Period.

The monthly gold chart screams bull market! The bullish spacing is huge. As a reminder, bullish spacing exists when the current swing low remains above the last swing high, and we have drawn heavy lines for each. When smart money is so positive on a market, there is no waiting to see how the last swing high will be retested. The urgency to buy is so strong that a "space" is left behind, and it says how strong is the buyers' conviction to the long side.

Context is important. Price could break the $1520+ lows and gold would still be in a very strong uptrending market. It will simply take more time to overcome resistance from the $1900 highs established in September 2011.

An important point to keep in mind: the market does not care about your timetable. In fact, it does not even know what your expectations are. All it does is provide price and volume information. It is otherwise neutral. How you choose to respond to the flow of information is up to you. For now, it is telling everyone that it will be some time before an uptrend resumes.

Here is where you can see how gold is weaker relative to silver. We placed a box around the four-month activity that is acting as a buffer to the current price decline, in addition to the previous occasions when this level held, forming strong support.

This is our read of what the market is saying, right now. Focus on the last two weekly bars. The last one is just slightly smaller than the second one, but the volume was greater. The energy behind a price move is volume. When you see greater volume but with a bar that is smaller than the previous one, it is saying buyers were entering and meeting the effort of sellers. This is what prevented the range of the last bar from extending lower. It is a small "tell," as it were, but worth noting.

We think there are no accidents in the market, which is why we pointed to the wide range up bar from August. It began an important rally, and gold's decline just happened to stop at that level. Were gold to continue lower next week and erase that support, then that low would lose its potential significance. Everything must be confirmed by subsequent action.

Observing the second and third bars from the end, the high volume on the third bar shows buyers were present, based on the location of the close, off the lows. The second to last bar made a new low, just barely, but closed on the high of the range and above the previous day's close, telling us buyers won the battle that day. This is another indication of buyers overcoming effort of sellers at a point where sellers are supposed to be in total control.

This may not turn the tide yet, but there is some evidence that buyers are making a show not seen in the past several trading days. As to the last bar, it was lower on the day, but not very deep into the last two days' lows, and that says a weak effort from sellers.

Buy physical gold, without blinking. Stay away from the long side of futures. Only some unexpected surprise can turn these markets around on a dime, and anything can happen, but barring that, it takes time for a trend to turn, and without evidence that the lows for this down swing are confirmed, gold and silver have a lot of work to do.

By Michael Noonan

http://edgetraderplus.com

Michael Noonan, mn@edgetraderplus.com, is a Chicago-based trader with over 30 years in the business. His sole approach to analysis is derived from developing market pattern behavior, found in the form of Price, Volume, and Time, and it is generated from the best source possible, the market itself.

? 2013 Copyright Michael Noonan - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

? 2005-2013 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Source: http://www.marketoracle.co.uk/Article39170.html

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Sunday, February 24, 2013

Microsoft says small number of its computers hacked

SEATTLE (Reuters) - Microsoft Corp said on Friday a small number of its computers, including some in its Mac software business unit, were infected with malware, but there was no evidence of customer data being affected and it is continuing its investigation.

The world's largest software company said the security intrusion was "similar" to recent ones reported by Apple Inc and Facebook Inc.

The incident, reported on one of the company's public blogs happened "recently", but Microsoft said it chose not to make any statement publicly while it gathered information about the attack.

"This type of cyberattack is no surprise to Microsoft and other companies that must grapple with determined and persistent adversaries," said Matt Thomlinson, general manager of Trustworthy Computing Security at Microsoft, in the company's blog post.

Over the past week or so, both Apple and Facebook said computers used by employees were attacked after visiting a software developer website infected with malicious software.

The attacks come at a time of broader concern about computer security.

Newspaper websites, including those of The New York Times, The Washington Post and The Wall Street Journal, have been infiltrated recently. Earlier this month U.S. President Barack Obama issued an executive order seeking better protection of the country's critical infrastructure from cyber attacks.

(Reporting By Bill Rigby; Editing by Gary Hill and Andrew Hay)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp

Copyright 2013 Thomson Reuters.

Source: http://www.nbcnews.com/technology/technolog/microsoft-says-small-number-its-computers-hacked-1C8513890

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Research suggests malaria can be defeated without a globally led eradication program

Research suggests malaria can be defeated without a globally led eradication program

Friday, February 22, 2013

Malaria does not have to be eradicated globally for individual countries to succeed at maintaining elimination of the disease, according to research from the University of Florida's Emerging Pathogens Institute and department of geography, to be published in the journal Science Feb. 22.

Researchers Andrew Tatem and Christina Chiyaka found that those countries that have eliminated malaria have maintained their malaria-free states with remarkable stability, going against traditional theory. Between 1945 and 2010, 79 countries eliminated malaria and 75, or 95 percent, remained malaria-free, shrinking the geographic range of the disease, the researchers said.

For the 99 countries with endemic malaria today, the research by Tatem and his colleagues has important implications for tackling the problem. The elimination of malaria may be less costly to achieve and maintain than previously thought, Tatem said.

"Traditional theory suggests that we have to get rid of malaria completely, all across the world, all at around the same time, to keep new cases from being imported and starting outbreaks in elimination countries all over again," said Tatem, who conducted the research at UF and now is a professor at the University of Southampton in the United Kingdom. Chiyaka also has moved to the United Kingdom with her family.

The researchers found, however, that malaria elimination may be a 'sticky state,' meaning that once elimination is achieved, resurgence becomes a rare event.

"For instance, the United States imports 1,500 cases of malaria per year but has seen very few local outbreaks resulting from these, despite still having mosquitoes capable of spreading malaria," Tatem said. "The United States doesn't have active control measures in place, but does have a well-functioning detection system in place to take care of it."

Tatem said that many factors, working in combination, have likely contributed to the stability of malaria elimination seen in many countries. These include urbanization, which creates environments that are unfavorable for malaria-spreading mosquitoes; improvements in surveillance within health systems to ensure that imported cases are treated promptly and any local outbreaks are controlled early; and travel patterns, with travelers who bring in infections from elsewhere rarely ending up in rural areas where mosquito densities are highest, thus reducing the likelihood of onward spread.

Malaria has long been a global health issue. In 1955, the World Health Organization launched an eradication campaign that eliminated the disease in many temperate and subtropical regions but did not achieve worldwide eradication. The program was scrapped after less than two decades in favor of controlling malaria. However, WHO attributed about 660,000 deaths to the disease in 2010, mostly African children.

###

University of Florida: http://www.ufl.edu

Thanks to University of Florida for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

This press release has been viewed 49 time(s).

Source: http://www.labspaces.net/126977/Research_suggests_malaria_can_be_defeated_without_a_globally_led_eradication_program

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Boeing proposing long-term fix for 787 batteries

WASHINGTON (AP) ? Boeing is proposing a long-term fix for the 787 Dreamliner's troubled batteries that will keep them grounded until April at the earliest, congressional officials said Friday.

A Boeing Commercial Airplanes team led by CEO Ray Conner was scheduled to present the plan in a meeting Friday with Michael Huerta, head of the Federal Aviation Administration. The airliners, Boeing's newest and most technologically advanced, have not been allowed to fly since mid-January following a battery fire in one plane and a smoking battery in another.

The plan calls for revamping the aircraft's two kinds of lithium ion batteries to ensure that any short-circuiting that could lead to a fire won't spread from one battery cell to the others, officials said. That would be achieved by placing more robust ceramic insulation between each of the battery's eight cells. The aim is to contain not only the short-circuiting, but any thermal runaway, a chemical reaction that leads to progressively hotter temperatures.

The additional spacers will enlarge the battery, requiring a bigger battery box to hold the eight cells. That new box would also be more robust, with greater insulation along its sides to prevent any fire from escaping, officials said.

The plan will require testing and partially recertifying the safety of the plane's batteries, said the officials, who spoke on condition of anonymity because they weren't authorized to speak publicly.

The testing and recertification will take time, with engineers currently estimating completion sometime in April, they said.

It's up to Huerta to decide whether to approve the plan. But Boeing's plan is not a surprise, since the company has kept regulators closely informed, the officials said.

Boeing, the FAA and the National Transportation Safety Board still have not identified the root cause of a Jan. 7 fire that erupted in an auxiliary power unit battery of a Japan Airlines 787 about a half hour after the plane landed at Boston's Logan International Airport. The safety board is investigating that incident.

Engineers and battery experts gathered by Boeing developed a list of possible causes for the fire and a plan to modify the batteries to address the spread of a fire created by any of those causes, officials said.

After the Jan. 7 fire and an emergency landing by an All Nippon Airways 787 in Japan, the FAA and aviation authorities overseas ordered the planes grounded. There are a total of 50 of the planes in the fleets of seven airlines in six countries.

On Thursday, United Airlines cut its six 787s from its flying plans at least until June and postponed its new Denver-to-Tokyo flights as airlines continued to tear up their schedules while the plane is out of service. United is the only U.S. carrier with 787s in its fleet.

Among the many unanswered questions is how the 787 battery problems will affect Boeing's effort to win FAA permission for the planes to make flights that venture further from the nearest airport, such as those that travel over wide expanses of ocean. The FAA has tighter requirements for such flights in twin-engine planes because it wants to make sure the plane can keep flying if it loses an engine or encounters other problems far away from a safe landing.

Until it was grounded, the 787 could fly up to three hours away from the nearest airport. That's far enough for flights between the U.S. and Europe and some flights over the Arctic, for instance. But Boeing wants permission for flights up to 5.5 hours from the nearest airport. Its 777 is already certified for such flights.

Boeing said last month that it was close to submitting a plan for those longer flights.

___

Freed reported from Minneapolis.

___

Follow Joan Lowy on Twitter at http://www.twitter.com/AP_Joan_Lowy

Source: http://news.yahoo.com/boeing-proposing-long-term-fix-787-batteries-155748083.html

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Saturday, February 23, 2013

Man sues parents for not loving him enough

By Checkey Beckford, NBCNewYork.com

A 32-year-old Brooklyn man is suing his parents, claiming he wasn't loved enough by them and that their neglect has caused him to be homeless and jobless.

Bernard Bey filed a self-written lawsuit in Brooklyn court earlier this month, accusing his parents of causing him mental anguish and for making him feel "unloved and beaten by the world."

"If you have kids, you're expected to love your children," Bey told NBC 4 New York. "You want the best for your children."

Bey claimed he was physically and emotionally abused and ran away from home when he was 12, and then was in and out of the shelter system after turning 16.

He's spent time in jail and is now homeless, and he believes his parents are at the root of his problems.

Bey is asking the court for more than $200,000 in damages. He wants his parents to mortgage their family home and purchase two franchises like Domino's Pizza.

"I feel like my parents should want the best for their children and grandchildren so we have something to pass down for generations so we don't have to live like this," he said.

Read more from NBCNewYork.com

Bey's parents, who live in public housing, said they're not in a position to give up any money. His stepfather named in the suit, Bernard Manley, had some choice unprintable words and maintained Bey is not his biological son.

Bey said he is willing to drop the lawsuit if his family will simply sit down at the dinner table with him.

"Let's work together, and definitely, I'll drop the suit," he said.

Source: http://usnews.nbcnews.com/_news/2013/02/23/17064503-man-sues-parents-for-not-loving-him-enough?lite

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Android 4.2.1 Jelly Bean Firmware Leaked For Samsung Galaxy S3, Official Update Likely After Galaxy S4 Release; How To Install [Tutorial]

SamMobile came up with a report saying it had leaked the Android 4.2.1 Jelly Bean test firmware I9300XXUFMB3 for the Samsung Galaxy S3 (GT-I9300) with the help of XDA-Developers forum member Saturn, who had provided ?the dump files from his device.?

In addition, the report interestingly stated that while Samsung is still testing the Android 4.2.1 Jelly Bean, the official final release of the firmware update for the Galaxy S3 could be expected after the launch of the next-generation Galaxy S smartphone, aka the Galaxy S4.

In terms of the Samsung Galaxy S4 release date, a March 14 event in New York is being highly rumored. However, a recent report has brought in a twist in the tale saying the device might be delayed due to issues with the eight-core Exynos Octa processor.

When it comes to the leaked Android 4.2.1 Jelly Bean firmware in question, it?s available for download. Here?s a list of key enhancements in the Android 4.2.1 Jelly Bean firmware I9300XXUFMB3, provided by SamMobile:

- Android 4.2.1 ? JOP40D

- Improved Ripple effect on Lockscreen

- New Android 4.2.1 Lockscreen with widgets

- Daydream (Settings>Display)

- New Additions in Notification Center

- Notifications are more actionable

- Voice Command (Let?s you control various parts of the phone using voice commands)

According to a report?from Ars Technica, the implementation of the voice command feature will be interesting to see ?considering the handset already uses its native S-voice.?

?There also seems to be new additions to the Notifications center, though we're not too keen on the implementation as seen in the screenshot above because it appears bloated with icons and options. Fortunately, it looks like it will live beyond a second screen in the Notifications shade,? the report added.

Based on the screenshots, provided by SamMobile, the first look of the Android 4.1.2 Jelly Bean seems more like the TouchWiz on Android 4.1 Jelly Bean currently. However, the inclusion of the lockscreen widgets will likely give the oomph!

While all the new features from Android 4.2 are apparently included, the only exception seems to be the Photo Sphere feature. The quick settings panel has also been overhauled with TouchWiz, looking handier than stock Android, Android Community reported.

?All those toggles should really come in handy ? and keep the regular notification pulldown bar clear for those expanding notifications,? said the report.

How To Install

The steps for installing Android 4.1.2 Jelly Bean I9300XXUFMB3 on the Samsung Galaxy S3 (GT-I9300) are given below. But before trying out the tutorial there are some aspects that must be noted:

- Proper backups must be taken for personal data, apps and settings

- The phone must have at least 80 percent of battery power

- The firmware will increase the device?s binary counter

- The firmware will change the device status to modified

- The firmware does not have any modem; therefore the Modem being used before flashing the firmware will remain

- The firmware is a pre-release version, not official from Samsung Kies

- Being a pre-release version, the firmware will likely have some minor bugs

It must be kept in mind that this tutorial is only for Samsung Galaxy S3, model number GT- I9300. In addition, the users must proceed at their own risk. IBTimes cannot be held responsible for anything that goes wrong.

Let?s get started!

Step 1: Download I9300XXUFMB3_I9300OJKFMB3_ILO.zip and unzip the file.

Step 2: Open Odin 3.04 (included in the firmware package).

Step 3: Power off Galaxy S3 and put it on the Download Mode. To do this, press and hold the Volume Down and Home buttons while pressing the Power button until the Samsung Galaxy logo appears on the screen.

Step 4: Connect phone to the computer and wait until you get a blue sign in Odin.

Step 5: Add I9300XXUFMB3_I9300OJKFMB3_HOME.tar.md5 to PDA.

Step 6: Make sure re-partition is NOT ticked.

Step 7: Start flash and wait a few minutes.

Step 8: If you encounter any issues with the firmware boot into recovery mode (Home + power + volume up).

Step 9: Choose to wipe/ factory reset.

Step 10: Choose reboot.

[Source: SamMobile]

Source: http://www.ibtimes.com/android-421-jelly-bean-firmware-leaked-samsung-galaxy-s3-official-update-likely-after-galaxy-s4

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