Saturday, October 19, 2013

Live Chat: UFC 166 preview, Bellator pay-per-view and more


I can only speak from personal experience and due to the volume of combat sports I watch, very little of it gets me excited or out of my chair. I can also say without hesitation UFC 166 is one such an event.


Ultimately, we'll have to see how the fights play out, but in terms of pre-fight anticipation, this one is most certainly forcing me to think about what could happen, what it all might mean and how fun it all might be. That's what a special event should and does do.


However, there's some hand wringing going on about Bellator's pay-per-view. Innumerable questions and claims are made about the event and how, if it goes poorly, it would spell the end for Bellator. None of this could be further from the truth.


There's a lot going on, so join me today to discuss all of this and more. In terms of today's chat, anything is up for discussion, but I will lead with this and it all kicks off at 1 p.m. ET.


As is customary, I'll post the video window here as the event draws near and I'll answer any questions you may have if you post them in the comments section below. Be sure that you click the 'rec' button for those comments/questions you believe most deserve a response.


Be sure to link this page and use the hashtag #chatwrappers on Twitter or even Facebook when you're watching this to let everyone know you're taking part is this activity of ours.


Talk with you all at 1 p.m. ET.


Source: http://www.mmafighting.com/2013/10/16/4844320/live-chat-ufc-166-preview-bellator-pay-per-view-and-more
Tags: Tomas Hertl   rosh hashanah   Frank Castillo   regions   heidi klum  

UK court blocks WSJ story on rate rigging

LONDON (AP) — The publisher of the Wall Street Journal pledged Friday to fight an injunction preventing publication of the names of traders who may be implicated in the rate-rigging case involving the London interbank offered rate, or LIBOR.


Dow Jones & Co. said it had published on several of its platforms the names of about two dozen traders and brokers whom British prosecutors are expected to identify. The journal says the story noted that the list could change, and inclusion didn't mean the individuals would be charged with a crime.


"This injunction is a serious affront to press freedom," the company said in a statement. "We have been left with no choice but to remove the previously published story from WSJ.com and to withhold publication from the print edition of The Wall Street Journal Europe. However, we will continue to vigorously fight the injunction in the coming days."


The order applies to publication in England and Wales. The newspaper's article on the issue said that while the story was taken down from its website, it appeared in print editions of the newspaper published in the United States and in Asia.


British authorities routinely impose reporting restrictions to safeguard rights of defendants and to prevent the emergence of details that could derail investigations.


The order was issued on an interim basis until a court hearing at London's Southwark Crown Court next week.


LIBOR is a benchmark rate that underpins trillions of dollars in transactions all over the world. It is an average measuring how much banks expect to charge each other for loans. It is used in calculating borrowing costs of loans and investments such as bonds, auto loans and derivatives.


The scandal shook the financial world when it emerged that banks — including Royal Bank of Scotland, Barclays and UBS — were submitting false data to gain market advantages.


Source: http://news.yahoo.com/uk-court-blocks-wsj-story-rate-rigging-150331995--finance.html
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Friday, October 18, 2013

Commuter chaos in San Francisco area train strike

Roxanne Sanchez, left, president of Service Employees International Union Local 1021, left, speaks during a news conference on Thursday, Oct. 17, 2013, in Oakland, Calif. San Francisco Bay Area Rapid Transit workers may go on strike at midnight unless management agrees to enter into arbitration to resolve a remaining issue, a union leader said Thursday. (AP Photo/Ben Margot)







Roxanne Sanchez, left, president of Service Employees International Union Local 1021, left, speaks during a news conference on Thursday, Oct. 17, 2013, in Oakland, Calif. San Francisco Bay Area Rapid Transit workers may go on strike at midnight unless management agrees to enter into arbitration to resolve a remaining issue, a union leader said Thursday. (AP Photo/Ben Margot)







Federal mediator George Cohen, right, exits a building where contract negotiations were taking place between Bay Area Rapid Transit management and local union leaders on Thursday, Oct. 17, 2013, in Oakland, Calif. San Francisco Bay Area Rapid Transit workers may go on strike at midnight unless management agrees to enter into arbitration to resolve a remaining issue, a union leader said Thursday. (AP Photo/Ben Margot)







Antonette Bryant, president of Amalgamated Transit Union Local 1555, center, speaks during a news conference on Thursday, Oct. 17, 2013, in Oakland, Calif. San Francisco Bay Area Rapid Transit workers may go on strike at midnight unless management agrees to enter into arbitration to resolve a remaining issue, a union leader said Thursday. (AP Photo/Ben Margot)







A Bay Area Rapid Transit train leaves the station Tuesday, Oct. 15, 2013, in Oakland, Calif. A recipe for gridlock was brewing in the San Francisco Bay Area, as two of the region's major transit agencies teetered on the brink of commute-crippling strikes. While talks between the Bay Area Rapid Transit agency and its unions to avoid the second walk-off in four months were set to resume on Tuesday, workers at a major regional bus line said they would go on strike in 72 hours. (AP Photo/Ben Margot)







A Bay Area Rapid Transit train arrives at a station Tuesday, Oct. 15, 2013, in Oakland, Calif. A recipe for gridlock was brewing in the San Francisco Bay Area, as two of the region's major transit agencies teetered on the brink of commute-crippling strikes. While talks between the Bay Area Rapid Transit agency and its unions to avoid the second walk-off in four months were set to resume on Tuesday, workers at a major regional bus line said they would go on strike in 72 hours. (AP Photo/Ben Margot)







(AP) — Commuters in the San Francisco Bay Area got up before dawn on Friday and endured heavy traffic on roadways, as workers for the region's largest transit system walked off the job for the second time in four months.

People were lined up well before 5 a.m. Friday at a Bay Area Rapid Transit train station in Walnut Creek for one of the charter buses BART was running into San Francisco. And traffic at the San Francisco-Oakland Bay Bridge toll plaza into San Francisco and the roads leading to it was backed up for miles.

At the West Oakland BART station, a frazzled Tatiana Marriott raced to board a free charter bus to San Francisco shortly after 6 a.m. She had to be at work by 7 a.m.

"I probably should've gotten up a half-hour earlier," Marriott, 21, a seamstress, said, conceding that she would be late for work. "I just want BART and the unions to figure it out. I just want to get to work."

Other alternatives to BART include ferries and Alameda-Contra Costa Transit District buses.

"It's very frustrating," said Mary Nelson, a retail worker, as she waited for a ferry in Oakland. "I feel like they should be able to come to an agreement. I don't understand why they're holding a lot of hardworking people hostage."

The walkout began at midnight Thursday, the culmination of six months of on-again, off-again talks that fell apart. BART and the unions came "extremely close" to agreement on economic, health care and pension issues, but the parties were far apart on work rule issues, said Roxanne Sanchez, president of Service Employees International Union Local 1021.

The impasse came after a marathon negotiating session with the participation of federal mediators.

About 400,000 riders take BART every weekday on the nation's fifth-largest commuter rail system. The system carries passengers from the farthest reaches of the densely populated eastern suburbs to San Francisco International Airport across the bay.

SEIU said it was fighting to prevent BART from changing employees' fixed work schedules. Some employees work four-day, 10-hour shifts while others work five-day, eight-hour shifts. Union officials said BART wanted to schedule people as they saw fit.

BART officials say work rules refer to past practices that require approval from unions and management to change. The rules make it difficult to implement technological changes or add extra service on holidays because of a special event, the agency says.

Sanchez said SEIU and the Amalgamated Transit Union suggested taking the remaining issues to arbitration but management refused.

BART General Manager Grace Crunican countered that the agency needed to alter some of those rules to run the system efficiently. She said BART also needed to control costs to help pay for new rail cars and other improvements.

"We are not going to agree to something we can't afford. We have to protect the aging system for our workers and the public," Crunican said.

She urged the union leaders to let their members vote on management's offer by Oct. 27.

A four-day strike in July saw commuters lining up early in the morning for BART's charter buses and ferries across the bay, and enduring heavy rush-hour traffic.

The San Francisco Municipal Transportation Agency said it has developed plans to help people to get around, including providing two expanded carpool locations.

The key issues during most of the talks had been salaries and worker contributions to their health and pension plans.

Talks began in April, three months before the June 30 contract expirations. The unions initially asked for 23.2 percent in raises over three years. BART countered with a four-year contract with 1 percent raises contingent on the agency meeting economic goals.

The unions contended that members made $100 million in concessions when they agreed to a deal in 2009 as BART faced a $310 million deficit. And they said they wanted their members to get their share of a $125 million operating surplus produced through increased ridership.

On Sunday, BART negotiators presented a final offer that includes an annual 3 percent raise over four years and requires workers to contribute 4 percent toward their pension and 9.5 percent toward medical benefits.

The value of BART's proposal is $57 million, BART spokeswoman Alicia Trost said.

Workers represented by the two unions, including more than 2,300 mechanics, custodians, station agents, train operators and clerical staff, now average about $71,000 in base salary and $11,000 in overtime annually, the transit agency said. BART workers currently pay $92 a month for health care and contribute nothing toward their pensions.

____

Associated Press writer Haven Daley contributed to this report.

Associated PressSource: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-10-18-BART%20Strike/id-8792b77af80e418fa67022879165887d
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Gallo Research Center announces new round of awards for $20m US Army-funded research program

Gallo Research Center announces new round of awards for $20m US Army-funded research program


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PUBLIC RELEASE DATE:

18-Oct-2013



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Contact: Peter Farley
peter.farley@ucsf.edu
415-502-6397
University of California - San Francisco






The UCSF-affiliated Ernest Gallo Clinic and Research Center has issued a second round of grants under its U.S. Army-funded research program intended to accelerate the discovery and development of new medications to treat alcohol and substance abuse in the context of post-traumatic stress and combat injury.


The program, known as the Institute for Molecular Neuroscience (IMN), relies on the expertise of a team of national experts who are unaffiliated with grant applicants to conduct an independent peer-review process.


The second round of pilot research grants will support a broad range of projects to investigate potential new treatments for substance abuse, traumatic brain injury and post-traumatic stress. The total funding for this round of awards is $1.25 million. Together with the $3.7 million awarded in round one, the IMN has to date awarded approximately $5 million in proof-of-principle grants.


The IMN Program represents an important new strategy for combating substance abuse and related post-traumatic stress or other combat injuries, said John A. De Luca, PhD, chairman of the board and president of the Gallo Center. These medical conditions are national security health issues. The IMN seeks to address these problems through its multidisciplinary, competitive national research program.


Grant recipients in this round of funding are:














Michael E. Charness

Boston VA Research Institute (Harvard)

$300,000

Lori A. Knackstedt

University of Florida

$306,207

Kenneth M. Lattall

Oregon Health and Science University

$370,881

Eric P. Zorilla

The Scripps Research Institute

$273,088

It is gratifying that Congress and the Defense Department have embraced the IMN Program and its new approach to accelerating the discovery of new medications to address substance abuse, post-traumatic stress and other conditions facing our military personnel and veterans, said William R. Sawyers, chief administrative officer of the IMN and the Gallo Center.


The UCSF-affiliated Gallo Research Center was selected to manage the IMN Program in recognition of its expertise in the neurobiology of addiction and in managing large research projects. The strategy of the IMN, which funds short-term pilot projects, and then selects only the most compelling for advancement, represents a new approach to the development of medications for the U.S. Military.


The IMN Program is comprised of a consortium of 18 leading research universities and research institutions across the country. Institutions which have received IMN funding previously include Columbia University, Oregon Health and Science University, the Medical University of South Carolina, Yale University, the University of Texas, Austin, the Northern California Institute for Research and Education (NCIRE) and UCSF.


Congressional appropriations for the IMN Program to date total $20.1 million, said De Luca. Later this year, the IMN will select the most promising of its first round of pilot projects to be advanced into the next stage of medications development, said Sawyers.


###

The UCSF-affiliated Ernest Gallo Clinic and Research Center is one of the worlds preeminent academic centers for the study of the biological basis of alcohol and substance use disorders. Gallo Center discoveries of potential molecular targets for the development of therapeutic medications are extended through preclinical and proof-of-concept clinical studies.


UCSF is a leading university dedicated to promoting health worldwide through advanced biomedical research, graduate-level education in the life sciences and health professions, and excellence in patient care. It includes top-ranked graduate schools of dentistry, medicine, nursing and pharmacy, a graduate division with nationally renowned programs in basic biomedical, translational and population sciences, as well as a preeminent biomedical research enterprise and two top-ranked hospitals, UCSF Medical Center and UCSF Benioff Childrens Hospital.



Follow UCSF
UCSF.edu | Facebook.com/ucsf | Twitter.com/ucsf | YouTube.com/ucsf




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Gallo Research Center announces new round of awards for $20m US Army-funded research program


[ Back to EurekAlert! ]

PUBLIC RELEASE DATE:

18-Oct-2013



[


| E-mail



| Share Share

]

Contact: Peter Farley
peter.farley@ucsf.edu
415-502-6397
University of California - San Francisco






The UCSF-affiliated Ernest Gallo Clinic and Research Center has issued a second round of grants under its U.S. Army-funded research program intended to accelerate the discovery and development of new medications to treat alcohol and substance abuse in the context of post-traumatic stress and combat injury.


The program, known as the Institute for Molecular Neuroscience (IMN), relies on the expertise of a team of national experts who are unaffiliated with grant applicants to conduct an independent peer-review process.


The second round of pilot research grants will support a broad range of projects to investigate potential new treatments for substance abuse, traumatic brain injury and post-traumatic stress. The total funding for this round of awards is $1.25 million. Together with the $3.7 million awarded in round one, the IMN has to date awarded approximately $5 million in proof-of-principle grants.


The IMN Program represents an important new strategy for combating substance abuse and related post-traumatic stress or other combat injuries, said John A. De Luca, PhD, chairman of the board and president of the Gallo Center. These medical conditions are national security health issues. The IMN seeks to address these problems through its multidisciplinary, competitive national research program.


Grant recipients in this round of funding are:














Michael E. Charness

Boston VA Research Institute (Harvard)

$300,000

Lori A. Knackstedt

University of Florida

$306,207

Kenneth M. Lattall

Oregon Health and Science University

$370,881

Eric P. Zorilla

The Scripps Research Institute

$273,088

It is gratifying that Congress and the Defense Department have embraced the IMN Program and its new approach to accelerating the discovery of new medications to address substance abuse, post-traumatic stress and other conditions facing our military personnel and veterans, said William R. Sawyers, chief administrative officer of the IMN and the Gallo Center.


The UCSF-affiliated Gallo Research Center was selected to manage the IMN Program in recognition of its expertise in the neurobiology of addiction and in managing large research projects. The strategy of the IMN, which funds short-term pilot projects, and then selects only the most compelling for advancement, represents a new approach to the development of medications for the U.S. Military.


The IMN Program is comprised of a consortium of 18 leading research universities and research institutions across the country. Institutions which have received IMN funding previously include Columbia University, Oregon Health and Science University, the Medical University of South Carolina, Yale University, the University of Texas, Austin, the Northern California Institute for Research and Education (NCIRE) and UCSF.


Congressional appropriations for the IMN Program to date total $20.1 million, said De Luca. Later this year, the IMN will select the most promising of its first round of pilot projects to be advanced into the next stage of medications development, said Sawyers.


###

The UCSF-affiliated Ernest Gallo Clinic and Research Center is one of the worlds preeminent academic centers for the study of the biological basis of alcohol and substance use disorders. Gallo Center discoveries of potential molecular targets for the development of therapeutic medications are extended through preclinical and proof-of-concept clinical studies.


UCSF is a leading university dedicated to promoting health worldwide through advanced biomedical research, graduate-level education in the life sciences and health professions, and excellence in patient care. It includes top-ranked graduate schools of dentistry, medicine, nursing and pharmacy, a graduate division with nationally renowned programs in basic biomedical, translational and population sciences, as well as a preeminent biomedical research enterprise and two top-ranked hospitals, UCSF Medical Center and UCSF Benioff Childrens Hospital.



Follow UCSF
UCSF.edu | Facebook.com/ucsf | Twitter.com/ucsf | YouTube.com/ucsf




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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.




Source: http://www.eurekalert.org/pub_releases/2013-10/uoc--grc101813.php
Category: blobfish   Angel Dust  

As U.S. averts default, Japan and China brace for next dollar drama


By Wayne Arnold and Leika Kihara


HONG KONG/TOKYO (Reuters) - Deal or no deal, the U.S. Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill.


The 11th-hour agreement on Wednesday between Congressional Republicans and Democrats to raise the limit on U.S. government borrowing and end a 16-day government shutdown also averted a default on U.S. Treasury bonds that had threatened the global economy and financial system.


But Congress gets another chance to hold U.S. creditworthiness hostage early next year ahead of a new February 7 deadline to approve a debt ceiling increase.


"We're glad a deal has been struck," said a Japanese policymaker, who spoke on condition of anonymity. "But the uncertainty will remain and it will be the same thing all over again early next year."


He and other Japanese officials say they have already developed contingency plans that include flooding Japan's banking system with cash to keep markets functioning however panicked investors become. And analysts say China, whose Communist leaders are due to hold a key policy meeting next month, may step up a push for global acceptance of its currency, the yuan or renminbi, as an alternative to the U.S. dollar in international trade.


"They might actually consider accelerating the process," said Vincent Chan, head of equity research at Credit Suisse in Hong Kong. "You strengthen the case of making the renminbi a genuine international currency, because the Americans are unreliable."


NEAR-DEBT EXPERIENCE


Perhaps no two economies outside the United States have more at stake in Washington's recurring drama than Japan and China.


Not only are they the second- and third-largest economies, but they lend Washington more money than any other single nation. China held $1.28 trillion in U.S. Treasury securities at the end of July and Japan owned $1.14 trillion. A default would likely have devastated the value of their holdings.


More than that, though, both nations have adopted policies to revitalize their own economies that to some extent rely on the improving economic appetite, stable currency and increasing indebtedness of the world's largest economy.


China is trying to deflate a dangerous credit bubble and wealth imbalances with a series of reforms that include slowly easing controls on moving money into and out of the country and allowing its currency to gently appreciate.


Analysts predict investors faced with a U.S. default would try to sell dollars for yuan, forcing China's central bank to either buy up dollars at a time when the government issuing them isn't honoring its obligations or allow a rapid increase in the yuan's value that would hurt exports and worsen the country's credit bubble.


In a sign of such market pressure, the yuan hit a record high on Friday for a fifth consecutive day against the dollar, partly as investors worried about the economic impact of the U.S. shutdown.


"If China allows the yuan to rise sharply, it could be very risky given the possible asset bubbles in the country," said He Yifeng, an economist at Hongyuan Securities in Beijing.


Japan, meanwhile, is trying to end 20 years of deflation and anemic growth with a blend of policies named for their chief proponent, Prime Minister Shinzo Abe. "Abenomics" relies on reviving domestic consumption and investment in part by weakening the yen, boosting the earnings and stock prices of giant exporters like Toyota Motors Corp and Hitachi Ltd.


A U.S. default would likely prompt investors to buy yen.


"That would undoubtedly pose a headwind against Abenomics, which has much depended on a weak yen and higher share prices buoyed by the feel-good mood it has generated," said Masamichi Adachi, senior economist at JPMorgan Securities in Tokyo.


QUID PRO QUO


A default also stands to hamper a U.S. recovery and with it a nascent rebound in global exports. A default in the first quarter of 2014 would hit just as Japan's economy girds for an April sales tax increase and as China's economy loses the effects of accelerated public works spending and re-stocking of inventories.


There are no bond markets large enough to give China and Japan an alternative to U.S. Treasuries for the dollars they accumulate selling exports. So the prospect of another U.S. default drama next year is likely to lend new urgency to China's preferred solution: conducting less trade in dollars and more in renminbi.


About 18 percent of China's total trade is settled in yuan and it has registered a sharp increase this year after stagnating for most of last year.


Much of the increase has come in China's trade with economies outside the United States or the European Union, its biggest demand centers, although it accelerated plans to internationalize the currency with agreements this month with Britain and the European Central Bank.


Achieving more trade in yuan, however, means giving China's trading partners a place to invest their renminbi as easily as they invest their dollars in U.S. Treasuries now.


That means opening China further to foreign investment, a realization that could strengthen the hand of officials advocating faster reform.


"China can only be strong when its currency is a real alternative," said Chan at Credit Suisse. "But to be an alternative you have to have an open market."


(Additional reporting by Tetsuchi Kajimoto, Lisa Twaronite and Dominic Lau in TOKYO and Kevin Yao in BEIJING; Editing by Neil Fullick)



Source: http://news.yahoo.com/u-averts-default-japan-china-brace-next-dollar-081452483--business.html
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Harry Belafonte Sues Martin Luther King, Jr. Estate


Harry Belafonte sued the estate of Martin Luther King Jr. Tuesday over the fate of three documents he tried to sell at auction.



The lawsuit in federal court in Manhattan seeks unspecified damages and a court declaration Belafonte is the rightful owner.


The documents are an outline of a Vietnam War speech by King, notes to a speech King never got to deliver in Memphis, Tenn., and a condolence letter from President Lyndon B. Johnson to King's wife after the civil rights leader's 1968 assassination.


PHOTOS: Obama, Oprah, Foxx, Honor Martin Luther King Jr.


According to the lawsuit, Belafonte was preparing to auction the items in 2008 when the estate "astonishingly" blocked it.


The lawsuit cited the close relationship between Belafonte and King, saying the pair "worked on strategies and collaborated on issues that would transform American society" while they "forged a deep and enduring personal friendship." It said King and his widow, Coretta Scott King, gave Belafonte a number of items and it noted that Coretta Scott King, who died in 2006, mentioned Belafonte in her autobiography, saying "whenever we got into trouble or when tragedy struck, Harry has always come to our aid, his generous heart wide open."


Belafonte said he delivered the documents for auction to Sotheby's Inc. in early 2008 and the auction house has held them pending a resolution of the dispute between the estate and Belafonte.


The lawsuit said Belafonte had held the Vietnam War speech outline since 1967, when King left it behind after working on it in Belafonte's apartment. It said the Memphis speech notes were found in King's suit pocket after he was assassinated. According to the lawsuit, Coretta Scott King offered the notes to Belafonte but he suggested they instead be given to one of King's longest-serving confidants. When that man died in 1979, his widow delivered the notes to Belafonte, it said.


STORY: Oliver Stone, Jamie Foxx Circling Martin Luther King Jr. Biopic for DreamWorks, Warner Bros.


The letter from Johnson was given to Belafonte by Coretta Scott King about a decade ago after she admired the collection of historic documents on a wall of his home, the lawsuit said.


The lawsuit said King frequently gave drafts and copies of his speeches, correspondence and working papers to friends and fellow civil rights activists and that his estate has made a series of "disturbing and illegitimate challenges to Dr. King's gift-giving" in recent years.


Miles J. Alexander, a lawyer for the Atlanta-based King estate, said he had not yet seen the lawsuit.


"I have no comment I can make right now," he said.


Source: http://feedproxy.google.com/~r/thr/business/~3/FkFpUhe-Shw/story01.htm
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BitLock offers a bring-your-own-bicycle approach to bike sharing

Unless you're an enraged motorist, there's plenty of good to be found in the current push for big city bike sharing programs. BitLock is certainly in keeping with the spirit of such initiatives, albeit on a much more localized scale. The proposed product is essentially a standard bike U-lock that ...


Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ZgGYgbAa6i0/
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