Saturday, April 27, 2013

Not 'brainwashed': American women who converted to Islam speak out

S. Deneen Photography

Lauren Schreiber, 26, converted to Islam in 2010 after a study-abroad trip. She and others want to dispel stereotypes that have sprung up after news reports about Katherine Russell, 24, the U.S.-born wife of suspected Boston bomber Tamerlan Tsarnaev.

By JoNel Aleccia, Senior Writer, NBC News

When an American convert to Islam was revealed as the wife of the dead Boston bombing suspect, Lauren Schreiber wasn?t surprised at what came next.

Comments from former acquaintances and complete strangers immediately suggested that 24-year-old Katherine Russell, a New England doctor?s daughter, must have been coerced and controlled by her husband, Tamerlan Tsarnaev, who died last week in a firefight with police.

?She was a very sweet woman, but I think kind of brainwashed by him,? reported the Associated Press, quoting Anne Kilzer, a Belmont, Mass., woman who said she knew Russell and her 3-year-old daughter.

That kind of assumption isn?t new to Schreiber, 26, a Greenbelt, Md., woman who became a Muslim in 2010.

?The moment you put on a hijab, people assume that you?ve forfeited your free will,? says Schreiber, who favors traditional Islamic dress. ?

The Boston terror attack and the questions about whether Russell knew about her husband?s deadly plans have renewed stereotypes and misconceptions that U.S. women who have chosen that faith say they want to dispel.

?It?s not because somebody made me do this,? explains Schreiber, who converted after a college study-abroad trip to West Africa. ?It?s what I choose to do and I?m happy.?

Rebecca Minor

Rebecca Minor, 28, of West Hartford, Conn., converted to Islam five years ago. Wearing a hijab "reminds me to be a good person," she said.

Her view is echoed by Rebecca Minor, 28, of West Hartford, Conn., a special education teacher who converted to Islam five years ago. When her students, ages 5 to 8, ask why she wears a headscarf, she always says the same thing:?"It's something that's important to me and it reminds me to be a good person," says Minor, who is secretary for the Muslim Coalition of Connecticut.?

Muslims make up less than 1 percent of the U.S. population, according to studies by the Pew Forum on Religion and Public Life. In 2011, about 1.8 million U.S. adults were Muslim, and about 20 percent had converted to the faith, Pew researchers say. Of those converts, about 54 percent were men and 46 percent were women. About 1 in 5 converts mentioned family factors, including marrying a Muslim, as a reason for adopting the faith.?

Accusations are 'harsh'
Women convert for a wide range of reasons -- spiritual, intellectual and romantic -- says Yvonne Haddad, a professor of the history of Islam and Christian-Muslim relations at Georgetown University.

?Islam is attractive to women that the feminist movement left behind,? says Haddad, who co-authored a 2006 book, ?Muslim Women in America: The Challenge of Islamic Identity Today.?

Women like Lindsey Faraj, 26, of Charlotte, N.C., say that wearing a headscarf and other traditional Islamic garb in public often leads people to assume she sacrificed her American life to please a man.

?'You must have converted in order to marry him,' I hear it all the time,? says Faraj, who actually converted simultaneously with her husband, Wathek Faraj, who is from Damascus, about four years ago.?

She?s also heard people say that her husband is allowed to beat her, that she?s not free to get a divorce, that she and her two children, ages 4 months and 2, are subservient to the man. Such concepts are untrue, of course, she says.

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Lindsey Faraj, 26, of Charlotte, N.C., converted to Islam four years ago. She says it was thoughtful, heart-felt choice that changed her life.

?In the beginning, it did offend me a lot,? says Faraj, who grew up in a Christian family in Florida. ?But now as my sense of my new self has grown, I don?t feel offended.?

She?s able to joke, for instance, about the woman who screamed insults from a passing car.

?They screamed: ?Go back to your own country? and I thought, ?It doesn?t get more white than this, girl,?? says Faraj, indicating her fair features.?

Like all stereotypes, such views are steeped in fear, says Haddad.

?Accusations of brainwashing are harsh,? she says. ?They cover up the fact that we don?t comprehend why people like ?us? want to change and be like ?them.??

All three women say they came to Islam after much thought and spiritual searching.

Islam 'entered my heart'
Schreiber, who is a community outreach and events coordinator for the Council on American-Islamic Relations, says she was drawn to the religion after meeting other Muslims on her trip abroad before graduating from St. Mary's College of Maryland in 2009.?

She grew up in an agnostic family where she was encouraged to discover her own faith.?

"It was, whatever you decide to do -- temple, church, mosque -- I support you finding yourself," says Schreiber. She's now married to a Muslim man, Muhammad Oda, 27, whose parents were both converts to Islam. She said came to the faith before the relationship.??

Faraj, a stay-at-home mom, says she never saw herself "as a religious person, in the least," but became enthralled after trying to learn more about Islam before a visit to see her husband's family.?

?The concept of Islam hit me,? Faraj recalls. ?It was just something that entered my heart.?

Minor, who is single, says she was intrigued by Islam in college, when she was?close friends with?a deployed?American Marine but had Muslim friends at school.

"I saw a huge discrepancy in the negative things I heard coming from my?(friend)?and the actions I could see in my co-workers," she recalls. After spending 18 months learning about Islam, she decided to convert.?

The response from family and friends has been overwhelmingly supportive, Minor says.?

"The more you can do to educate people about Islam, not by preaching, but by actions, the better," she says.?

Reports that Katherine Russell might have been embroiled in an abusive relationship, or that her husband intimidated her aren?t an indictment of Islam, Haddad says.?

"Abusive men come in all colors, nationalities, ethnicities and from all religions," she says. "No one says that Christianity teaches abuse of women because some Christian men are abusive."

Schreiber says she frequently gets comments from people surprised to see her fair skin and hear her American accent from beneath a scarf. She says she appreciates it when people actually ask questions instead of making assumptions.

?I just want people to know that there are American Muslim women who wear hijab by choice because they believe in it and it feels right to them, not because anyone tells them to.?

Related stories:?

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Source: http://usnews.nbcnews.com/_news/2013/04/26/17897741-not-brainwashed-american-women-who-converted-to-islam-speak-out

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Max Clifford charged with 11 sex assaults

LONDON (Reuters) - Celebrity publicist Max Clifford on Friday became the first high profile figure to be charged in a wide-ranging investigation into a sex scandal that has grabbed front page headlines in Britain in recent months.

Clifford, 70, was charged with 11 counts of indecent assault, prosecutors said, including on two underage girls, after being arrested in December as part of an investigation into sex crime allegations against the late Jimmy Savile.

Savile, one of Britain's biggest TV stars in the 1970s and 1980s, was after his death last year found to have carried out sex crimes on an unprecedented scale over six decades, triggering an inquiry that has snared several other celebrities.

Clifford, whose clients have included "The X Factor" reality TV creator Simon Cowell, is best known in Britain for selling "kiss and tell" stories about the rich and famous to scandal-hungry tabloid newspapers.

"Having completed our review, we have concluded that there is sufficient evidence and it is in the public interest for Mr Clifford to be charged with 11 offences of indecent assault relating to seven complainants," the Crown Prosecution Service's Alison Saunders said in a statement.

Clifford, whose alleged crimes were committed between 1966 and 1985, is expected to appear at Westminster Magistrates' Court on May 28. One of the assaults relates to a girl aged 14, and another to girl aged 15.

Lawyers for Clifford were not immediately available to comment, but a statement from the publicist carried by Sky News said he was living a "24/7 nightmare".

"I have never indecently assaulted anyone in my life and this will become clear during the course of the proceedings," he said.

Other celebrities arrested in the Savile probe, codenamed Operation Yewtree, include glam-rock singer Gary Glitter, comedian Freddie Starr and children's' TV show presenter Rolf Harris, who all deny any wrongdoing.

Earlier this month David Smith, a former BBC driver, became the first to have charges brought against him, including two counts of indecent assault, two of gross indecency, and one of buggery, all in 1984, prosecutors said.

Police say Savile committed 214 offences, including 34 rapes or serious sexual assaults, beginning as long ago as 1955.

The scandal forced former BBC Director-General George Entwistle to stand down after only 54 days in the top job.

(Reporting by Mohammed Abbas; editing by Mike Collett-White)

Source: http://news.yahoo.com/max-clifford-faces-11-charges-indecent-assault-175205933.html

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Wednesday, April 24, 2013

BlackBerry Q10 will launch in Canada on May 1st for $199.99

BlackBerry on Monday announced that its second BlackBerry 10 smartphone will be available in Canada early next month. The BlackBerry Q10 will arrive on Rogers, Bell and TELUS on May 1st starting at $199 with a three-year service agreement. The smartphone is equipped with a full QWERTY keyboard along with a 3.1-inch 720p touchscreen, a 1.5GHz dual-core TI OMAP 4470 processor, 2GB of RAM, NFC, a microSD slot and an 8-megapixel rear camera. BlackBerry?also announced that the Q10 will be available on smaller carriers such as Virgin Mobile, Fido, Koodo Mobile and Sasktel. The company?s full press release follows below.

The New BlackBerry Q10 Smartphone available in Canada May 1

[More from BGR: A review of Facebook Home ? by someone who can?t stand Facebook]

The new BlackBerry? Q10, the first BlackBerry? 10 smartphone to feature a classic BlackBerry? QWERTY Keyboard, will be available in Canada starting May 1 on Rogers Wireless, Bell Mobility and TELUS. The BlackBerry Q10 combines the power of the BlackBerry 10 platform with a large, re-engineered physical keyboard and stunning touchscreen display ? the largest ever on a BlackBerry QWERTY smartphone.

?We?re thrilled that the BlackBerry Q10 will soon be available to Canadians,? said Andrew MacLeod, Managing Director for Canada. ?The new BlackBerry Q10 combines the power of BlackBerry 10 with a classic BlackBerry keyboard to help people communicate and collaborate faster and more efficiently. We?re seeing strong momentum behind BlackBerry 10 from carriers, customers and partners around the world. The BlackBerry Q10 will accelerate this trend.?

Availability:

The BlackBerry Q10 smartphone will be available in Canada starting May 1 on Rogers Wireless, Bell Mobility and TELUS starting at $199 with a 3 year contract. It will also be available on Virgin Mobile Canada, Fido, Koodo Mobile, and Sasktel, and available in select retail locations, including Best Buy, Future Shop, TBooth Wireless, The Source, Walmart Canada and WIRELESSWAVE.

Highlights of the BlackBerry Q10:

Meticulous attention has been paid to every detail of the BlackBerry Q10 smartphone?s design, from its beautiful and distinctive form to its elegant and ergonomic QWERTY keyboard, which features a wider layout and larger sculpted keys. With the BlackBerry Q10 smartphone?s advanced hardware, communications and multimedia features, along with long battery life, you can confidently stay ahead and take action all day long.

The re-designed, re-engineered and re-invented BlackBerry 10 platform offers you a powerful and unique new mobile computing experience that continuously adapts to your needs. Every feature, every gesture, and every detail is designed to keep you moving forward towards your goal, and includes advancements such as:

? The ever present BlackBerry? Hub, which brings all your conversations together in one easy to manage place that you can access at any time from any app with a simple ?peek?, so you?re always only one swipe away from what matters to you.

? BlackBerry? Balance? technology, which elegantly separates and secures work applications and data from personal content, protecting what?s important to you and the business you work for..

? BBM? (BlackBerry? Messenger), which lets you share things with the people that matter to you in an instant. BBM in BlackBerry 10 includes voice calling and video chat, and lets you share your screen with another BlackBerry 10 contact.

? BlackBerry? Remember, which helps you tackle tasks quickly with a new way to collect, organize and action all the information sitting in different places across your smartphone.

Source: http://news.yahoo.com/blackberry-q10-launch-canada-may-1st-199-99-195041774.html

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Tuesday, April 23, 2013

Decoding touch: Rats detect textures with their whiskers

Apr. 23, 2013 ? With their whiskers rats can detect the texture of objects in the same way as humans do using their fingertips. A study, in which some scientists of SISSA have taken part, shows that it is possible to understand what specific object has been touched by a rat by observing the activation of brain neurons. A further step towards understanding how the brain, also in humans, represents the outside world.

We know the world through the sensory representations within our brain. Such "reconstruction" is performed through the electrical activation of neural cells, the code that contains the information that is constantly processed by the brain. If we wish to understand what are the rules followed by the representation of the world inside the brain we have to comprehend how electrical activation is linked to the sensory experience. For this reason, a team of researchers including Mathew Diamond, Houman Safaai and Moritz von Heimendahl of the International School for Advanced Studies (SISSA) of Trieste have analyzed the behavior and the activation of neural networks in rats while they were carrying out tactile object recognition tests.

During the experiments researchers observed the performance of rats -- the animals were discriminating one texture from another -- along with the activation of a group of sensory neurons. "For the first time the study has monitored the activity of multiple neurons, while until now, due to technical limitations, researchers had examined only individual neurons," explains Diamond, who heads up the Tactile Perception and Learning Lab at SISSA. "The activity of such groups of neurons is represented in our model as multi-dimensional clouds, comprising as many dimensions as the number of cells under examination (up to ten). We have observed a different cloud for the contact with each different texture."

By analyzing the "clouds," Diamond and his colleagues were able to successfully decode the object contacted by the rodent. "Our method is so accurate that when the rat would mistake one object for another, the decoding would also indicate a different object from the one actually touched. And this happened because the representation made by the brain -- and, as a consequence, our decoding -- appeared like that of a different object. Hence the error."

Diamond's team has no intention of stopping here. "In real life, we generally recognize objects using more senses all together, in an integrated manner. We use touch and sight at the same time, for instance," explains Diamond. "For this reason we are now working on new experiments employing more neurons, with more complicated stimuli, and more senses, to build 'multimodal' representations of objects."

This kind of "mind reading" carried out on rats' brain by Diamond and his colleagues is important to understand how the brain forms a representation of the world. "Each one of us perceives a physical world outside ourselves, yet actually all we have at our disposal to create an experience of the world is the representation that our brain makes of it through the input of sensory organs" says Diamond.

To understand that such a representation is at the very least partial it is enough to think of all the information about the world that escapes us all the time: for instance, we are blind to infrared and ultraviolet rays, we are unable to hear certain sound frequencies or smell some chemical substances or others. Some details pertaining to the physical world are completely invisible or, to put it better, imperceptible (others are interpreted incorrectly, like visual illusions, for example.)

This is a further demonstration that what we perceive is not the physical world in itself, but the neuronal activation the world evokes inside our brain.

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Story Source:

The above story is reprinted from materials provided by Sissa Medialab, via AlphaGalileo.

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


Journal Reference:

  1. H. Safaai, M. von Heimendahl, J. M. Sorando, M. E. Diamond, M. Maravall. Coordinated Population Activity Underlying Texture Discrimination in Rat Barrel Cortex. Journal of Neuroscience, 2013; 33 (13): 5843 DOI: 10.1523/%u200BJNEUROSCI.3486-12.2013

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/top_news/top_science/~3/HfI6cbZivhg/130423090935.htm

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Sunday, April 21, 2013

Avocado, Tomato and Chicken Wrap Recipe - A Mom's Impression

Avocado Tomato and Chicken Wrap

I love sitting down with my kids and eating lunch together. ?Most of the time I eat what I make for them, but today I wanted something a little bit more ?grown up.? ?My son?s favorite lunch is Tyson Chicken Fries. ?He is a very picky eater, so he asks for these often. ?I personally like to jazz it up a little bit so I made myself an avocado, tomato and chicken wrap, it was delicious!

Avocado, Tomato and Chicken Wrap

Author:?

Recipe type:?Lunch

Cuisine:?American

Prep time:?

Total time:?

?

An easy wrap using Tyson Chicken Fries

Ingredients

  • Tyson Chicken Fries
  • Mixed Greens
  • Avocado
  • Tomato
  • Cheddar Cheese
  • Light Italian Dressing
  • Whole Wheat Tortillas

Instructions

  1. Cook Chicken Fries according to package directions.
  2. Melt cheddar cheese over fries onto tortilla.
  3. Add mixed greens, diced tomato, diced avocado and about a tablespoon of light Italian dressing.
  4. Wrap and enjoy!

3.2.1199

Tyson Chicken Fries

This post is sponsored by Tyson and Social Fabric.

For the kids I made a fry sauce. ?Where I am from in the Pacific Northwest, we have fry sauce everywhere. ?When I moved to the Midwest, every looked at me strange when I mentioned it. ?Apparently I would have to make my own. ?It is really very simple. ?Mix ketchup with some mayonnaise for a kid friendly version. ?When I make it for myself and my husband I will use?sriracha to spice it up a bit. ?I also add sweet relish when I make it for myself because I am the only one who likes pickles in the family.

Chicken Fries Boy

It is nice that I can count on chicken fries for a tantrum free lunch. Those are rare things these days. ?It is going to be a long summer trying to get my son to eat new foods!

Tyson Chicken Fries and Sauce

We eat a lot of ?Tyson chicken fries so we buy them at our local Sam?s Club. ?You can check out my latest shopping experience on my Google + album. ?Click on the photo below to see everything that we purchased, I found an amazing deal on the cute little Carter?s outfits!

Sams Club Shopping Trip

Be sure to visit Tyson on Facebook?where you can win free tickets to Six Flags for you and your family!

Enjoy the summer with your family.

I am a member of the Collective Bias? ?Social Fabric? Community. ?This shop has been compensated as part of a social shopper insights study for?Collective Bias? ?and?Tyson?#cbias #SocialFabric

Source: http://amomsimpression.com/2013/04/20/avocado-tomato-and-chicken-wrap/

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Saturday, April 20, 2013

Revolutionary new device joins world of smart electronics: New flexible, transparent, photosensitive device

Apr. 19, 2013 ? Smart electronics are taking the world by storm. From techno-textiles to transparent electronic displays, the world of intelligent technology is growing fast and a revolutionary new device has just been added to its ranks. Researchers at the University of Exeter have developed a new photoelectric device that is both flexible and transparent. The device, described in a paper in the journal ACS Nano, converts light into electrical signals by exploiting the unique properties of the recently discovered materials graphene and graphExeter. GraphExeter is the best known room temperature transparent conductor and graphene is the thinnest conductive material.

At just a few atoms thick, the newly developed photoelectric device is ultra-lightweight. This, along with the flexibility of its constituent graphene materials, makes it perfect for incorporating into clothing. Such devices could be used to develop photovoltaic textiles enabling clothes to act as solar panels and charge mobile phones while they are being worn.

Photosensitive materials and devices such as the one developed at Exeter can, in the future, also be used for intelligent windows that are able to harvest electricity and display images while remaining transparent. Smart materials have almost unlimited potential applications from integral iPods and keyboards in clothing to electronic displays on glasses and goggles.

Saverio Russo, Professor of Physics at the University of Exeter said: "This new flexible and transparent photosensitive device uses graphene and graphExeter to convert light into electrical signals with efficiency comparable to that found in opaque devices based on graphene and metals.

"We are only just starting to explore the interfaces between different materials at very small scales and, as this research shows, we are revealing unique properties that we never knew existed. Who knows what surprises are just around the corner."

Metallic nanostructures in smart materials typically cause a haze that prevents them from being truly transparent. The photosensitive device developed at Exeter contains no metals and is therefore completely transparent but, as it can detect light from across the whole visible light spectrum, it is as efficient at sensing light as other recently developed opaque photoelectric devices.

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Story Source:

The above story is reprinted from materials provided by University of Exeter, via EurekAlert!, a service of AAAS.

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


Journal Reference:

  1. Freddie Withers, Thomas Hardisty Bointon, Monica Felicia Craciun, Saverio Russo. All-Graphene Photodetectors. ACS Nano, 2013; : 130418094258009 DOI: 10.1021/nn4005704

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

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/matter_energy/technology/~3/eCtfkj2ncUw/130419121116.htm

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Random walks on DNA: Bacterial enzyme has evolved an energy-efficient method to move long distances along DNA

Apr. 19, 2013 ? Scientists have revealed how a bacterial enzyme has evolved an energy-efficient method to move long distances along DNA. The findings, published in Science, present further insight into the coupling of chemical and mechanical energy by a class of enzymes called helicases, a widely-distributed group of proteins, which in human cells are implicated in some cancers.

The new helicase mechanism discovered in this study, led by researchers from the University of Bristol and the Technische Universit?t Dresden in Germany, may help resolve some of the unexplained roles for helicases in human biology, and in turn help researchers to develop future technological or medical applications.

A commonly held view of DNA helicases is that they move along DNA and "unzip" the double helix to produce single strands of DNA for repair or copying. This process requires mechanical work, so enzyme movement must be coupled to consumption of the chemical fuel ATP. These enzymes are thus often considered as molecular motors.

In the new work, Ralf Seidel and his team at the Technische Universit?t Dresden developed a microscope that can stretch single DNA molecules whilst at the same time observe the movement of single fluorescently-labelled helicases. In parallel, the Bristol researchers in the DNA-Protein Interactions Unit used millisecond-resolution fluorescence spectroscopy to reveal dynamic changes in protein conformation and the kinetics of ATP consumption.

The team studied a helicase found in bacteria that moves along viral (bacteriophage) DNA. The work demonstrated that, surprisingly, the enzyme only consumed ATP at the start of the reaction in order to change conformation. Thereafter long-range movement along the DNA was driven by thermal motion; in other words by collisions with the surrounding water molecules. This produces a characteristic one-dimensional "random walk" (see picture), where the protein is just as likely to move backwards as forwards.

Mark Szczelkun, Professor of Biochemistry from the University's School of Biochemistry and one of the senior authors of the study, said: "This enzyme uses the energy from ATP to force a change in protein conformation rather than to unwind DNA. The movement on DNA thereafter doesn't require an energy input from ATP. Although movement is random, it occurs very rapidly and the enzyme can cover long distances on DNA faster than many ATP-driven motors. This can be thought of as a more energy-efficient way to move along DNA and we suggest that this mechanism may be used in other genetic processes, such as DNA repair."

The work in Bristol has been funded by the Wellcome Trust through a programme grant to Professor Mark Szczelkun from the School of Biochemistry.

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Story Source:

The above story is reprinted from materials provided by University of Bristol.

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


Journal Reference:

  1. F. W. Schwarz, J. Toth, K. van Aelst, G. Cui, S. Clausing, M. D. Szczelkun, R. Seidel. The Helicase-Like Domains of Type III Restriction Enzymes Trigger Long-Range Diffusion Along DNA. Science, 2013; 340 (6130): 353 DOI: 10.1126/science.1231122

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/top_news/top_health/~3/nsYtTkU5VrQ/130419105200.htm

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Tuesday, April 16, 2013

Andy Rubin admits Android was originally intended for cameras, not smartphones

Apr 15 (Reuters) - Leading money winners on the 2013 PGATour on Monday (U.S. unless stated): 1. Tiger Woods $4,139,600 2. Brandt Snedeker $3,137,920 3. Matt Kuchar $2,442,389 4. Adam Scott (Australia) $2,100,469 5. Steve Stricker $1,935,340 6. Phil Mickelson $1,764,680 7. Dustin Johnson $1,748,907 8. Jason Day $1,659,565 9. Hunter Mahan $1,553,965 10. Keegan Bradley $1,430,347 11. Charles Howell III $1,393,806 12. John Merrick $1,375,757 13. Russell Henley $1,331,434 14. Michael Thompson $1,310,709 15. Kevin Streelman $1,310,343 16. Bill Haas $1,271,553 17. Billy Horschel $1,254,224 18. ...

Source: http://news.yahoo.com/andy-rubin-admits-android-originally-intended-cameras-not-151548416.html

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Monday, April 15, 2013

CA-BUSINESS Summary

Analysis: Euro zone bank troublespots don't come down to size

DUBLIN/LONDON (Reuters) - Though the implosion of Cyprus's bloated banking system has put other euro zone economies with outsized financial sectors such as Luxembourg and Malta in the spotlight, loan quality is the real litmus test of a country's financial stability. Attracted by low taxes, high interest rates and light regulation, foreign deposits, largely from Russia and other former Soviet states, pumped up the Cypriot banking sector to nearly eight times annual economic output, more than double the European average of around 3.5 times.

Bankers count on watered down EU trading tax

LONDON (Reuters) - Bankers are confident they can persuade the European Union that its proposed financial trading tax poses enough risks to struggling economies and banks to warrant being watered down. Their campaign against the tax, which will be imposed by 11 of the EU's 27 countries, focuses on how much it would boost the cost of funding for governments and companies, erode returns earned even by long-term investors, and hurt funding markets which are crucial to the health of the financial system.

Cyprus central bank chief calls for its independence to be respected

NICOSIA (Reuters) - Cyprus's central bank governor said on Sunday he was willing to work with the government to pull the island out of its economic crisis, provided the bank's independence was respected. A rift between Governor Panicos Demetriades, appointed last May by the communist former administration, and the ruling center-right government has deepened and pressure grown on him to resign over his handling of the crisis.

Furs fly as Chinese consumers drive boom in U.S. mink farming

CHICAGO (Reuters) - Battered by the economic downturn and years of animal rights activism in their own backyard, American mink farmers are now in a different sort of quandary: scrambling to keep up with China's demand for all things fur. Driven by a hunger for high-end clothing and luxury home goods among China's burgeoning middle class, U.S. exports of mink pelts to China jumped to a record $215.5 million last year - more than double both the value and volume shipped in 2009.

TSX falls sharply as gold leads broad selloff

TORONTO (Reuters) - Canada's main stock index fell more than 1 percent on Friday, as weak U.S. economic data dulled hopes for the Canada's export sector, while a sharp drop in gold prices pulled mining stocks to multi-year lows. The mining-heavy TSX materials sector dropped 4.21 percent to its lowest level since 2009, fueled by a 4 percent drop in gold prices and sliding copper, while weak oil prices yanked energy stocks down by 1.95 percent.

Sands lawsuits shine harsh light on Macau's casino paradise

MACAU (Reuters) - Casino magnate Sheldon Adelson's reference to triad organized crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp helped transform from a gangland haven into a $38 billion gambling capital. The lawsuit against Sands was brought by Hong Kong businessman Richard Suen, who is seeking $328 million he says he is owed for helping the U.S. firm obtain one of three coveted casino licenses in Macau, now the world's biggest gambling market with annual revenues more than six times Las Vegas's.

FAA sees lessons from Boeing 787 battery woes

NEW YORK/COLORADO SPRINGS, Colorado (Reuters) - U.S. regulators are discussing whether the batteries that burned on Boeing Co's 787 Dreamliner hold any lessons for other aircraft or vehicles. George Nield, associate administrator for commercial space transportation at the Federal Aviation Administration, said a dialogue is taking place about whether the overheating of two lithium-ion batteries on the 787 could have broader implications.

Exclusive: G20 to consider cutting debt to well below 90 percent/GDP: document

DUBLIN (Reuters) - Financial leaders of the world's 20 biggest economies will consider next week in Washington a proposal to cut their public debt over the longer term to well below 90 percent of gross domestic product, a document prepared for the meeting showed. The proposal, prepared by the co-chairs of the G20 Working Group on the Framework for Growth, follows agreement of the leaders of G20 countries in June last year to set ambitious debt reduction targets beyond 2016, when, under an earlier agreement from Toronto in 2010, debt was to stop growing.

Analysis: JPMorgan's lukewarm results put Dimon under more pressure

NEW YORK (Reuters) - JPMorgan Chase & Co Chairman and CEO Jamie Dimon, who came through the financial crisis relatively unscathed, is suddenly looking a little less secure. The top U.S. bank by assets reported tepid first-quarter results on Friday. Income in its biggest businesses - investment banking and consumer lending - fell, excluding accounting adjustments. Outstanding loans grew by just 1 percent, and profit margins on lending narrowed. Stock and bond trading revenue fell.

Troika concludes Greek bailout review, next aid tranche soon: source

DUBLIN/ATHENS (Reuters) - An inspection team of international lenders has finished its review of Greece's austerity program, paving the way for another 10 billion euros aid payment, a source with knowledge of the talks said on Saturday. The deal reached on Friday, concludes the first review by the so-called "troika" of the European Commission, the International Monetary Fund and the European Central Bank since they unlocked fresh aid in December, staving off a chaotic bankruptcy.

Source: http://news.yahoo.com/ca-business-summary-035302275--finance.html

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