Saturday, December 31, 2011

How Animals Stay Warm with Blubber

blubber warmth Can landlubbers use blubber?: Discover one of the tricks some animals have evolved to keep warm in chilly waters. Image: George Retseck

Key concepts
Temperature
Heat transfer
Adaptation
Insulation
Fatty tissue

Introduction
Have you ever wondered how whales and other marine mammals survive and keep warm in the cold oceans? Warm-blooded mammals can live in these chilly conditions because their bodies have some cool warmth-saving adaptations, thanks to generations of natural selection.

In other words, to pass on characteristics (via their genes), the predecessors of modern marine mammals had to overcome different challenges to reproduce, and their descendants received the genes that allowed for their survival. This kind of change in organisms over time is what fuels evolution. An important adaptation for marine mammals is blubber, a thick, insulating layer of fat beneath the skin that helps to keep body warmth in and the cold of the air or water out. Will a layer of fake blubber?in the form of shortening?help you keep from getting cold?

Background
Mammals that have evolved to live in cold waters, such as whales, seals, sea lions and polar bears, commonly have a layer of blubber. Whether they are living in cold waters near the North Pole or around Antarctica or are visiting the deep ocean, these animals' blubber is vital to their survival. During the winter, the air in the Arctic (the northernmost part of the world) is often below ?40 degrees Celsius (?40 degrees Fahrenheit). Antarctica, the coldest place in the world, can be below ?60 degrees C (?76 degrees F). Depending on the species, whales dive more than 400 or 500 meters (about one fourth of a mile) deep in the ocean, where the water can be colder than 12 degrees C (54 degrees F).

Blubber helps these marine mammals from getting too cold. (Cold-blooded marine animals, such as fish, sharks or crabs, do not need to stay warm and can let their body temperatures get closer to that of the water. Thus, they do not need to have this extra insulation.) Blubber is a thick layer of fat (adipose) tissue. Animals store extra digested food in the form of adipose tissue, which contains molecules called lipids. Adipose tissue has a relatively low thermal conductivity, which means that it does not transfer heat as well as other tissues and materials?such as muscle or skin. That way, it helps to insulate an animal's body.

Materials
??? ?Two bowls
??? ?Cold water
??? ?Warm water
??? ?Ice cubes
??? ?Shortening (such as Crisco)
??? ?Paper towels
??? ?Stopwatch
??? ?Thermometer
??? ?A partner

Preparation
??? ?Put an equal number of ice cubes into each bowl without filling either bowl too full. Add cold water to each bowl.
??? ?Measure the temperature of the water in each bowl with a thermometer. They should be the same temperature. When the temperature levels off (which should happen quickly), the water is ready for the test.

Procedure
??? ?Cover your pointer finger on one hand with a thick layer of shortening, covering the entire area that will be submerged in the water. Leave your other pointer finger clean and bare.
??? ?Have your partner prepare the stopwatch. When he or she is ready, put the pointer finger of each hand into one of the bowls of ice water and have your partner start timing you. As soon as your finger feels too cold to keep it in the water any longer, take it out. How long did you leave each finger in the bowl?
??? ?Let your fingers warm up and return to their normal color. If any shortening came off of the covered finger, reapply it.
??? ?Have your partner help you pour the cold water down the sink and refill the two bowls with warm water (make sure it is warm but not hot enough to burn the skin).
??? ?Measure the temperature of the water in each bowl with a thermometer. They should be about the same. In the warm water, do you think you'll see the same result?
??? ?Have your partner time how long you can leave each finger in the bowls of warm water. How long did you leave each finger in the bowl? Was the time difference between the two fingers larger or smaller than when you put your fingers in the ice-cold water?? ?
??? ?Extra: How consistent are your results? You can repeat this activity two or three times, recording the temperature of the different waters tested and the time each finger was in the water. Then make a graph out of your results. In which environment did the shortening "adaptation" consistently give an advantage?


Source: http://rss.sciam.com/click.phdo?i=65c42ba5b56c4a4f64f6e4d7985dde62

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The most-viewed business stories of 2011

Jeff Chiu / AP

Apple co-founder Steve Jobs inspired strong reactions in life, and this year, in death.

By Rob Neill

The year in business, 2011, was filled with big stories and storylines. The wafer-thin U.S. economic recovery. A public debate on economic inequality that manifested itself as the Occupy movement. And a debt crisis in Europe that, despite numerous ?fixes? applied by Eurozone leaders, still threatens the global economy.

But in the eyes of msnbc.com readers, all that may pale compared to an ATM receipt, and grocers getting rid of self-checkout.

Ok, that may be putting too fine a point on it, but the top 10 viewed business stories of the year generally avoided the more high falutin subjects. Here they are:

10. ?Little Darth Vader? reveals the face behind The Force. Volkswagen?s ad featuring a kid in a Sith costume trying ? mostly in vain ? to use the dark side on among other things, the washing machine and ?the family dog, was the smash hit of Super Bowl Sunday. You can check out all its competition here.? But readers were particularly interested when child actor Max Page visited TODAY to disclose, among other things, he?s never actually seen ?Star Wars.? He thinks it might be too scary for him.

9. Apple cofounder Steve Jobs dies. ?The news was unsurprising, since the CEO had longstanding health issues and stepped down from the job in August. He was immediately praised around the world by Apple Store shoppers and world leaders. President Barack Obama said he ?exemplified the spirit of American ingenuity." Jobs had his detractors, but it?s inarguable that he changed how the world felt about, and approached, tech products ? altering them from digital devices to highly anticipated fashion accessories.

8. Warren Buffett says tax the super-rich more. "My friends and I have been coddled long enough by a billionaire-friendly Congress. It's time for our government to get serious about shared sacrifice," the 80-year-old "Oracle of Omaha" wrote in an opinion article in The New York Times. Although the sentiment wasn?t particularly out of character for the world?s third-richest man, it sparked a debate that seemed to resonate with many. And it may have helped begin the Occupy movement. That debate at times got pretty heated, and dumb. Just check the 691,000 links Google returns for ?Warren Buffett socialist.?

7. Supreme Court sides with Wal-Mart in sex bias case. The court didn?t rule on the validity of up to 1.6 million women?s claims they were denied promotions and suffered through different working conditions than men. It did say the group was too large and diverse to wrap into one class action. Legal observers say it may make it difficult to mount large-scale claims against the biggest companies.

6. Whistle-blowing witch grounded by TSA.? Step onto the mat. Make sure you have no liquids on your person. Take off those shoes. And for heaven?s sake, DO NOT cast spells. As if the Transportation Security Administration didn?t seem to already have a list of misplaced priorities, it canned Carole A. Smith, an agent at New York?s Albany International Airport, despite generally good job performance. Smith practices Wicca. And she has a broom. But she denied putting a hex on a coworker?s car, telling msnbc.com ?If I had that kind of power, I wouldn't be working for TSA. I would go buy lottery tickets and put a spell on the balls.?

5. Co-founder of social network Diaspora dies. Ilya Zhitomirskiy was 22. CNN reported it was a suicide. The social networking site was started by four students in a New York University computer lab. This story seemed unusually popular, given that the service, which emphasizes privacy and user control, has only more than 200,000 users, is non-profit and, according to Wikipedia, makes its money off donations and T-shirt sales. Maybe people read the headline too quickly and thought about that other guy who founded another social networking site.

4. Major grocer getting rid of self-checkout lanes. The pageviews were considerable, but the 170,000-plus votes and 21 pages of comments from readers was notable for a story that was just 12 paragraphs long. Of course, the debate wasn?t about Albertsons LLC?s decision, it was a referendum on whether self-checkout was boon or a sign of the Apocalypse. Our personal preference is to have both options ? and a special cage for people who write checks.

3. U.S. falls to 5th in global competitiveness. Another short story, this one seemed to be a touchstone for a ?What?s wrong with America?? debate ? in this case all 2,492 comments. Backers of President Obama generally said the blame should not go to President Obama. Opponents of the president generally said the president should be blamed.

2. Huguette Clark, reclusive copper heiress, dies at 104. This story was the biggest showing on the subject, though other pieces on the ongoing legal travails of sorting out who is due what from her estate continue to do well. The combination of her long, full life, massive wealth, and the intrigue about dividing it seemed the stuff of Hollywood drama.

1. $100 million savings receipt left in ATM. Sometimes, it seems despite world events, there is no substitute for a man-bites-dog story.??

Source: http://bottomline.msnbc.msn.com/_news/2011/12/28/9773359-what-downturn-the-most-viewed-business-stories-of-2011

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Friday, December 30, 2011

1.4-Meter Organic LED TV Sets to Be Unveiled at Consumer Tech Extravaganza

For years manufacturers have tantalized consumers with the promise of organic light-emitting diode (OLED) televisions capable of delivering more brilliant colors (including deeper blacks), and greater levels of contrast and brightness than any other television screen?all with rapid video response rate. OLEDs are already in regular use to provide crystal-clear screens for smart phones, car stereos and digital cameras.

Still, if you went shopping this year for an affordable OLED TV with a display big enough for any room other than a closet, you were sorely disappointed because it doesn?t exist. The situation is likely to change in 2012 when LG and rival Samsung unveil competing 140-centimeter OLED displays?the largest ever made?at next month?s Consumer Electronics Show (CES) in Las Vegas.

What?s the big deal? OLEDs are made by placing thin films of carbon-based materials between two conductors and applying an electrical current to generate a bright light. This makes OLEDs thinner, lighter and more flexible than the crystalline layers in an LED or LCD. Whereas LCDs work by selectively blocking areas of light generated at the back of the display, OLEDs generate light themselves (each pixel is a small light-emitting diode). Because they don?t need to be backlit they consume less power than LCDs.

In terms of pure entertainment value, a 140-centimeter OLED TV is more than three and a half times the size of any other OLED on the market. (LG sells a 38-centimeter display in Europe and its native South Korea for as much as $2,600.) Sony (pdf) and others are developing OLED TVs, but nothing as big as what LG and Samsung are promising. Both models are expected to be available by mid 2012, in time for the Summer Olympics in London.

LG claims that its new OLED TV, which is only five millimeters thick, will have a contrast ratio of more than 100,000:1. The contrast ratio is the proportion of the luminance of a display?s brightest white to that of its darkest black. The higher the ratio the better the viewing experience. To put this in perspective, under optimal (dark) conditions, a movie theater screen achieves a contrast ratio of 500:1. Living rooms are rarely dark enough for a traditional TV to pull off even that level of contrast.

However, complexity and cost of materials have helped keep OLED screen sizes small and prices high. Because an OLED TV has a transistor backplane that controls the brightness of each pixel, millions of these transistors are required to create images on the screen. An OLED is more energy efficient and produces a clearer picture than an LCD screen because it deposits red, green and blue pixels where each of these transistors is positioned. LG claims to have simplified the design of its 140-centimeter display in part by using white OLEDs with color filters. The use of these filters?as well as cheaper, more efficient materials to make the transistors?is helping the company to scale up the size of its OLED displays without a commensurate rise in cost. Neither LG nor Samsung have announced pricing for their new OLED displays.

Image of Sony?s 28-centimeter XEL-1 OLED TV (circa 2007) courtesy of Steve Liao, via Flickr

Source: http://rss.sciam.com/click.phdo?i=e3d0934b01f5b2a2e6cfdbbd6305a818

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Before sounding an alarm, chimps consider information available to their audience

ScienceDaily (Dec. 29, 2011) ? Wild chimpanzees monitor the information available to other chimpanzees and inform their ignorant group members of danger.

Many animals produce alarm calls to predators, and do this more often when kin or mates are present than other audience members. So far, however, there has been no evidence that they take the other group members' knowledge state into account. Researchers from the Max Planck Institute for Evolutionary Anthropology in Leipzig, Germany, and the University of St. Andrews, Great Britain, set up a study with wild chimpanzees in Uganda and found that chimpanzees were more likely to alarm call to a snake in the presence of unaware than in the presence of aware group members, suggesting that they recognize knowledge and ignorance in others. Furthermore, to share new information with others by means of communication represents a crucial stage in the evolution of language. This study thus suggests that this stage was already present when our common ancestor split off from chimps 6 million years ago.

The ability to recognize another individuals' knowledge and beliefs may be unique to humankind. Tests of a "theory of mind" in animals have been mainly conducted in captivity and have yielded conflicting results: Some non-human primates can read others' intentions and know what others see, but they may not understand that, in others, perception can lead to knowledge. When there are negative results, however, the question remains whether chimpanzees really cannot do the task or whether they simply do not understand it. "The advantage of addressing these questions in wild chimpanzees is that they are simply doing what they always do in an ecologically relevant setting," says Catherine Crockford, a researcher at the University of St. Andrews.

Catherine Crockford, Roman Wittig and colleagues set up a study with wild chimpanzees in Budongo Forest, Uganda. They presented them with models of dangerous venomous snakes, two gaboon vipers and one rhinoceros viper. "As these highly camouflaged snakes sit in one place for weeks, it pays for the chimp who discovers it to inform other community members about the danger," says Crockford.

The researchers have monitored the behavior of 33 different chimpanzees, who saw one of three snake models and found that alarm calls were produced more when the caller was with group members who had either not seen the snake or had not been present when alarm calls were emitted. "Chimpanzees really seem to take another's knowledge state into account and voluntarily produce a warning call to inform the others of a danger that they [the others] do not know about," says Roman Wittig of the Max Planck Institute for Evolutionary Anthropology and the University of St. Andrews. "In contrast, chimpanzees were less likely to inform audience members who already know about the danger."

This study shows that these are not only intentionally produced alert calls, but that they are produced more when the audience is ignorant of the danger. "It is as if the chimpanzees really understand that they know something the audience does not AND they understand that by producing a specific vocalization they can provide the audience with that information," concludes Wittig. Some scientists suggest that providing group members with missing information by means of communication is a crucial stage in the evolution of language: why inform audience members if you do not realize they need the information? Until now it was not clear at what point in hominoid or hominid evolution this stage evolved. It has been assumed that it was more likely to be during hominid evolution. This study suggests, however, that it was already present when our common ancestor split off from chimps 6 million years ago.

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Story Source:

The above story is reprinted from materials provided by Max-Planck-Gesellschaft.

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


Journal Reference:

  1. Catherine Crockford, Roman M. Wittig, Roger Mundry, and Klaus Zuberb?hler. Wild Chimpanzees Inform Ignorant Group Members of Danger. Current Biology, December 29, 2011 DOI: 10.1016/j.cub.2011.11.053

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/~3/EZfZHqmr4bc/111229131234.htm

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Thursday, December 29, 2011

NBA: Hornets 85, Suns 84: New Hornet stings Suns

PHOENIX - Eric Gordon made a 20-footer from the top of the key with 4.2 seconds to play in his New Orleans debut to give the Hornets an 85-84 victory over the Phoenix Suns in their season opener Monday night.

Gordon, who came to New Orleans in the trade that sent Chris Paul to the Los Angeles Clippers, gave his team its only lead since the first two minutes of the second half.

Suns rookie Markieff Morris threw the ball away on Phoenix's final possession.

Gordon scored 20 points. Carl Landry added 14 and Trevor Ariza 13 for New Orleans.

Robin Lopez scored 22 points, more than he had in any game last season, for the Suns. Steve Nash had 14 points and 12 assists but was scoreless in the final quarter.

Marcin Gortat added 13 for Phoenix.

Both teams were awful from three-point range, the Suns going 5 of 25 and New Orleans 2 of 16.

The Hornets were within one seven times in the final seven minutes before Gordon's game-winning shot.

Ariza drove the lane and was fouled by Morris with 35.4 seconds to go and the Suns up 84-83, but he missed both free throws and the Suns' Jared Dudley grabbed the rebound and called time. Dudley, though, missed a fading 10-footer in the lane with 16.9 seconds to go to give New Orleans its shot at the game winner.

Gordon dribbled downcourt and let fly from the top of the key to put his team ahead. There was plenty of time for Phoenix to respond. But after a timeout, the ball was inbounded to Morris, who tried to throw the ball to Nash, but tossed it out of bounds instead with a half-second to play.

Down by as many as nine late in the first half, the Suns opened the third quarter with a 9-2 run, Nash's 21-footer putting Phoenix up 50-49 with 9:48 left in the period. After Greivis Vasquez tied it at 54-54 with a three-point play, Nash scored the next five on a driving layup through traffic and a three-pointer, giving Phoenix a 59-54 with 6:06 to go in the quarter. The Suns led after that, until the final New Orleans shot, but never by more than six.

The Hornets led most of the first half.

Gordon's 10-foot floater capped an 8-2 spurt that put New Orleans up 41-34 with 2:10 left in the half. The run reached 14-6 when a layup gave the Hornets their biggest lead of the half at 47-38 31.1 seconds before the break. Lopez's three-point play cut the lead to 47-41 at the half.

Rim shots

? Despite giveaway promotions, the Suns did not sell out their home opener Monday night for the first time since 2005.

? The Suns began the season with the same starting lineup that finished last season for the first time since 1990. Then, it was Kevin Johnson, Jeff Hornacek, Kurt Rambis, Tom Chambers and Mark West.

Up next

? Who: 76ers at Suns

? When: 7 p.m. Wednesday

? TV: FSAZ

The Arizona Republic

Source: http://c.moreover.com/click/here.pl?r5667094367

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Northeastern University Expands Its Geographic Reach

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Source: www.nytimes.com --- Wednesday, December 28, 2011
Northeastern University, based in Boston, opened its first satellite campus, which combines virtual and in-person instruction, this year in Charlotte, N.C. Seattle is next. ...

Source: http://feeds.nytimes.com/click.phdo?i=1cd842debac3f4a70cd418531e7b8764

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Wednesday, December 28, 2011

Mike Ragogna: Better Late Than Never: A Conversation With Buffy Sainte-Marie

Better Late Than Never...

A little over a year ago, I interviewed Buffy Sainte-Marie for the second time with the intention of posting it immediately. For whatever reason, this one got lost and after coming across it recently, I read the transcript for the first time and felt pretty bad that this one somehow flew under the radar. Considering its content and the amount of education Buffy dispensed during our conversation, even though it's ridiculously late in posting, I'd still like to share her thoughts with everyone. Apologies to Buffy. Finally, here is the interview...

2011-12-28-61Jhrc0SpDL._SL500_AA300_.jpg

A Conversation with Buffy Sainte-Marie

Mike Ragogna: Hello, Buffy.

Buffy Sainte-Marie: Hi, Mike.

MR: Thank you so much for your time.

BSM: Oh, my pleasure.

MR: The last time we spoke, we talked about your Running For The Drum album.

BFS: It was just coming out then.

MR: It was just coming out, and there was a DVD component that I actually had never seen at the time. Could you talk about how that DVD married with the album?
BFS: I had completed the album and we had completed the DVD, and I had been asked in the past by lots of the usual suspects to do a film or TV biography, but I was never turned on by it because it always seemed to be just from the point of view of the past according to what people knew about me in the West. Of course, I was kind of taken out of the game in the US, but continued on in Asia and Europe and Canada to have a real active career, which I have still today. So, when a Canadian company who really understood a lot more about me than just "Buffy from the sixties" showed an interest in giving people a portrait of myself, not just a as songwriter but also as an educator and a digital artist and a person who's still in love with the world and traveling and interested in both learning and teaching, I said "yes," and so the bio-documentary is called Buffy Sainte Marie: A Multi Media Life, and it was done in Canada by CineFocus.

MR: Did you find yourself looking at some of that information and going, "Wow, what a trip this has been."

BFS: It really has been, but I'm a lucky person, as I said then. I've been traveling since the sixties--lots and lots of airplanes, lots of countries--so what that does for me is it gives me a lot of reflection time. As a writer, traveling often alone, I appreciate both the outside world and my own head for the reinterpreting of the outside world into the little movies that become my songs and also the non-fiction part that turns into multi-media curriculum. So, it was really nice to able to work with a team who were appreciated of that. It wasn't a great surprise, suddenly you turn around and you look back on your life and you see it all laid out, because as a traveling person, I think I'm just kind of a note-taker. But it was wonderful to be able to put it all together in a documentary that really reflected my personal life in Canada and in Hawaii and all the professional things too.

MR: Now, I guess before we go all retro and ask you some questions about the past, I would love to know what you've been up to since the release of the CD/DVD because you're a very busy woman.

BFS: I travel with three other musicians and a road manager. Our whole band--we're all Canadian, Aboriginal Canadian, and the guys in my band are Ojibwe, and Lakota, and Soto, but they're all from reservations around Manitoba, Canada--so, traveling with this kind of band, guys in their late thirties who have experienced the stuff that my songs are about is really, really nourishing for me. It makes the show that much richer. They're all rockers, but of course, my show covers lots of different styles of music. But to be traveling with other aboriginal performers from a generation behind me, it is really an eye-opener, I think, for the audience. It gives the show a lot of both perspective and energy and it's real contemporary. The live show we did all over Europe...oh gosh, we did lots and lots of concerts in England, lots in Germany. We were in France, Belgium, Holland, Scotland, and just traveling around in Europe with a young aboriginal band was just... I'm glad you mentioned the future because as a songwriter, I'm not looking behind very much since I get to include all my favorite songs in the concert, but I'm always writing new things, and to have them tied in via concerts with the stuff I've always done, it just makes a very rich package for me to continually experience. The life of the artist is such an incredible privilege, and it's just so rich and dense with content and information that keeps happening.

MR: Speaking of your being a songwriter, you had such big hits with "Universal Soldier," "Until It's Time For You To Go," and "Up Where We Belong," that you co-wrote that with Will Jennings and Jack Nitzsche in the eighties. That's a huge credit, what's the story behind the song?

BFS: I had already written that melody, and I had never presented it to anybody, but Jack Nitzsche was looking for a main theme for An Officer And A Gentleman and he hadn't come up with something, so I played him the melody "da da da da da da," and he loved it and presented it to Taylor Hackford who was the director and it became not only the main theme but, of course, a huge hit for Joe Cocker and Jennifer Warnes.

MR: And it won the Oscar.

BFS: Uh-huh, it did for "Best Song." We also won the Golden Globe for that, and a British Academy Award. Boy that song went everywhere. Other times you write a song that hardly anyone hears and it's still your favorite, you know? A lot of puppies in the litter.

MR: (laughs) Buffy are you constantly working on songs? Also, I've never asked you this question before, what's your creative process, like how do these songs come to you as a writer?

BFS: They're really kind of like dreams. Anybody would have a dream. You know you have something new appear in your head and you say, "Oh wow, that's interesting," and you know, if I like it, I'll remember it. If I don't care that much about it, I'll forget it. And so many songs just kind of show up almost finished, like "Until It's Time For You To Go," which was a big hit for a lot of people. I wrote that right away, I just had to write it down. But other things, like "Bury My Heart At Wounded Knee" or "No No Keshagesh," it takes a lot of crafting, because what you're trying to do in that case is almost like be a journalist. You're trying to stick to accurate facts but make them exciting enough so that you engage an audience that probably doesn't even want to know about that issue. So, there are different kinds of writing, and the more technical kinds of writing...it's almost like being a college girl writing a thesis and I think that that kind of song really profited by my four years at the University of Massachusetts.

But other songs just happen very naturally, the same way they did when I was a little kid. I'm a totally natural writer. I've never been able to learn how to read music. As a matter of fact, I found out a couple years ago that I'm actually dyslexic in music and I had never heard of such a thing, but it does explain why I can write for an orchestra but then I can't read it back the next day. It's like trying to write with my left hand. It can be done but it doesn't make any sense for me, so I'm totally by ear and I record into anything--a tape recorder, a computer--rather than write things down that I can't read back.

MR: The last time we did an interview, we talked about your wonderful song "No No Keshagesh," but let's discuss your version of "America the Beautiful," which you didn't write, but you explored further.

BFS: Again I expanded on it, as many other songwriters have done. I mean, the melody is so beautiful and the sentiment is so beautiful; lots and lots of people have contributed additional verses. But what I did, I wrote like an introduction and a middle section to it that's truly Native American in feel. I did lobbying on the song; I think a lot of people would like to see that be the National Anthem, but so far, it's not. But in contributing new verses and combing through the various contributions which have been made over the years by other writers, it turns out to have a real Native American feel to it, just the gentleness of it, and the reverence for, not America as nation-state "USA!" but more as "mother country," you know, just the idea of loving America.

MR: You've been representing Native American issues for the longest time. Your love of America and Canada and all things Native America is just amazing. And you have really spent your life fighting for a lot of causes. Are there a couple you've been...

BFS: ...if I can interrupt, Mike? It's not as though I've been fighting for causes. What I've really been trying to do is spotlight things that I think people want to know about. I never really understood the concept of "fighting for peace." I don't do that. I keep it a lot more positive. So, I think that what I'm trying to say is I'm spotlighting the work of local areas and communities that's ongoing all the time, so sometimes, I think I get a little too much credit for that. But I am a fan of the realities of bringing to public awareness the incredible work that's being done in the grassroots Native American community and how much need there is to continue that development on the local level.

MR: Buffy, can you spotlight what's been happening lately that we should be aware of?

BFS: Oh gosh, I would like your listeners and readers to understand some of the organizations that Native American people have been working under for a long time like NARF and Native American Rights Fund, which essentially is dedicated to tribal existence. Every now and then, you'll have somebody come and say, "Well, Indian tribes ought to just be disbanded. They're old-fashioned and blah blah blah," which is totally unknowledgeable, right? Tribal existence and Native rights and natural resources and Native American human rights is sometimes ignored at the local level, and this is all over the country. We're also trying to educate the public all the time through every way. I mean, I do it through songs and writing curriculum. Somebody else does it through some kind of local organization, somebody else is involved nationally and also in the development of Indian law, bringing lawyers to understand what treaty rights are about and what Indian law is about, and how treaty rights are the first law of the land. And in dealing with Native American tribes, the US needs to be cognoscente that this is the same as making a treaty with Russia over bombs. The treaties are in existence and aren't going anywhere. They are the first law of the land. NCAI--which is the National Congress of American Indians--they've been working very hard on tribal law enforcement, because in many cases, tribal policemen, people who are working in the area of tribal law, they don't have the right to see the same information as a non-Indian tribal police would have. You know, it's really old-fashioned and unnecessary, so NCAI is at the moment focusing on that. I'm on the board of another organization which is called "Native Arts and Culture Foundation," and this is a ten-million dollar foundation helped by grants from The Ford Foundation and others, focusing on support to Indian art, Indian culture, Indian artists, craftspeople, sculptors, painters, dancers, and musicians, because there are so many artists in Native America who really don't have any kind of entry either into the business world--like show business, the gallery business, or to the art world, colleges and all--so there's a lot of work to be done there. And it's being done, but you know, there are also a lot of people who deserve the credit for spotlighting the issues and making things better, and the work is ongoing, although it doesn't seem to be a visible priority in the US.

MR: Buffy, who are some of the people out there spotlighting causes like yourself?

BFS: Oh gosh, I can't tell you in the US. I would have to give you a Canadian answer. I don't know whether you could use that. In general, it's not like you would have seen in the seventies when the American Indian Movement was so visible, when you could point to people like John Trudell and other people in the American Indian Movement. Dennis Banks and Russell Means were big names then. It's not so much like that now. I think the real brains of Native America are working within foundations, people like Dr. Valorie Johnson, who's a program officer, working in the area of very young children. She works with the Kellogg Foundation, and was really, really important in establishing grants with the Kellogg Foundation having to do with the American Indian Higher Education Consortium and the American Indian College Fund, which support all the tribal colleges within the confines of the US and a couple in Canada. Winona LaDuke, with Seventh Harvest in the Great Lakes area, continues to amaze me. She's a lawyer, Ojibwe background, and continues to really encompass a lot of different areas having to do with foods, sustainability, Native rights, and education. So, she works on a local level, but she does it in a global way too. The internet has changed things so much and has brought so many people together in networking and given others the ability to have a repository for the ongoing work they do, which continues to develop.

So, there are a lot of people. John Trudell is still out doing concerts, teaches. He's an incredible Lakota orator and poet, and a lot of people recognize his name from the American Indian Movement days. He's continued on despite the fact that his family was burned alive in their home during the FBI and other government agency conflicts with the American Indian Movement in which so many people died. But I think most American people aren't aware either of our history or of our ongoing works the way they are in Canada. It's quite different, Mike. The real point is the farther south you go in the western hemisphere, the worse it gets for Native people. And in Canada, we're everywhere, we're in all the processions. The general public is pretty much aware of Native issues, Native culture, Native artists, and people and law, but in the US, it's still very much under the blanket. But that does not daunt the highly qualified organizations who are working on many fronts, and I'm so proud of the work that goes on, even though it's kind of not visible to the general public because of other issues. They are a very small minority you know.

MR: I think you laid this information out in such a wonderfully linear way that it's more digestible than when it's presented by most others.

BFS: Oh, thank you for saying so because I feel like I'm kind of going on and on, and I hope you're not just being polite.

MR: No, no, no, this is beautiful and inspiring, and I think a lot of listeners and readers will go resource some of the stuff you called out just now even further.

BFS: Oh good, good, yeah, please, in the online version, highlight NARF, Native American Rights Fund. Their website is beautiful. NCAI also has some very in depth things to say, and thank you, Mike.

MR: Of course. Please can we go into "No No Keshagesh" again, even though we spoke about it in your last interview?

BFS: Well, really in sentiment, it's kind of a combination between what I was saying in "Universal Soldier," and the attack on greed that's really at the heart of my song "Little Wheel Spin and Spin." So, it's really about environmental greed, and the word "Keshagesh" is a Cree word, and it literally means "greedy guts." But it's playful and the song is playful even though it's about a serious subject. So, "No No Keshagesh" means...it refers to environmental greed, so it's about the "greedy guts" that are just gobbling up everything and making a war over it. It's a serious subject, but it's a way to put it right in front of the people and let them dance, and yell, and sing along with it, and people are just loving it, not only in the US, but also in Europe, Canada, Asia.

MR: Buffy, there's a student from a local college who I invited to the studio here now. His name is Luke Hillis and he has a question for you.

Luke Hillis: Hi Buffy! I was listening to your song "Now That The Buffalo's All Gone," and there's the line: "Has a change come about dear man, or are you still taking our lands?" There's a current issue in the Black Hills. There's a mining company that's moving in trying to make a uranium mine in the southern part of the Black Hills, which could demolish the water tables, potentially poison the water, and completely desecrate such a sacred land. I was wondering if perhaps you were aware of this issue.

BFS: You know, I'm generally aware of it, and I keep hearing about it. I'm not into the details, Luke, but I'm glad you've just spelled it out like that. I couldn't have done better. It's not only there and it's not only in the western hemisphere. The grab for fancy minerals--like lithium in Afghanistan, uranium in the Americas, and also uranium in Sami country in Scandinavia, where the Sami indigenous people in Lapland--it's very similar and the same thing apparently is going on in Australia where people have discovered uranium on the lands of indigenous people there. So, you know, it doesn't surprise me because greed is greed, and companies involved in natural resources have been extremely aggressive since the early days of Standard Oil. And the Navajo, when the Bureau of Indian Affairs was the "War Department," it suddenly became quite different in description, but it never changed that much. It does seem that certain people in the world, whatever country they come from, don't want Indians or anybody else interfering with their complete control of all available lands and natural resources, and unavailable lands and natural resources. So, it's exactly the same thing as the Gold Rush, which, of course, was done by robber barons and corporations who have become very successful or blue chip companies sometimes were involved in just terrible exploitation and it's something that affects us all. You mentioned one area, but this is generally considered "it's just business," so it's something very big. It's something that affects us all, and just like the song "Universal Soldier" is about individual responsibilities for war, we all are responsible, I think, if we allow greedy guys, whoever they are, wherever they come from, to disempower the future by controlling everything, especially something like uranium, which is so volatile and so involved in bombs and war and cancer. We need to have very smart, heartful, intelligent people sitting on boards instead of people who are just having their bottoms stuck on the bottom line. This kind of stuff is not just about money. It's not. It's too important.

MR: Thanks, Luke. Do you actually have another question?

LH: I just had another bit to say about that. There's a lady on Pine Ridge Reservation and she's single-handedly defending the Black Hills against this, and she's raising money to raise awareness and create a documentary to help save the Black Hills. She has a website, it's BringBackTheWay.com.

BFS: BringBackTheWay.com. Okay, I'm going to look at it.

MR: Thank you for taking the questions, Buffy.

BFS: You know, Mike, while we have a minute, I don't know whether we mentioned this last time, but something that is very important to me. I sing "Universal Soldier" almost every night, and everybody says, "Yeah that really, really makes sense." But as proud as I am of my generation for having helped to stop the Vietnam War--I mean, you have to remember that they were saying there was no war at the time that I wrote "Universal Soldier." They said, "Oh, you hippies are all crazy." But even though we brought that war to an end, all these years later, we still don't have colleges of the caliber of West Point, and Annapolis and the Army College of War and the Air Force Academy...you know, we don't have colleges of this caliber dedicated to alternative conflict resolution. So where's that at? That's a perfect place for young people and experienced people to be putting our energy in developing ways for young people to actually understand how alternative conflict resolution is done. And we do have little classes, little courses, and small departments dedicated to this, but you know, where is our Annapolis for peace? Where's our West Point for alternative conflict resolution? Where do we put our brains if we're dedicated to this?

MR: That's a very good point and great way of looking at it, and we haven't really taken care of business in this respect.

BFS: Eh, no problem, we can still do this. There's still a lot of good work left to be done in the world, so let's not cry about what we haven't done, let's just do it.

MR: Buffy, we've already discussed a couple of songs from your Running For The Drum album, but let's close that out with your thoughts about your song "Working For The Government."

BFS: Listen to the words, it's all about mercenaries, and G.I. Joes, and James Bond types that we put up on a pedestal in our movies and things. Really listen to the words in this song. This is a funny song.

MR: Absolutely. Buffy, we've gotten so much information and we've also talked about your album. Is there something else we should discuss?

BFS: I've got a whole lot of material at my website. We keep it up to date. There's lots to listen to, lots to learn from, and just thank you for the support, even though I've been, you know, made absent by two political administrations in the past, so I kind of lost a whole lot of momentum in the US. There's still a core of supporters who think this way and I really look forward to next year spending more time with American audiences as I've continually done in other parts of the world.

MR: Buffy, what advice would you have for new artists?

BFS: Oh my gosh. Just play. Don't wait for some kind of mythological businessman to come along and recognize you. You're already great. If you're writing songs and playing music, play for your friends, then play for some more friends. Then play for their friends. Play every place that you can and write and don't worry about the music business. I mean, it's almost nonexistent right now. Now is the time to create your works and put them on the internet. It's almost like the sixties. It used to be a very welcoming place for musicians and artists and songwriters in the sixties, and then it closed up and you couldn't get into a gallery, you couldn't get a concert, you couldn't get a record company. All of that is falling away, and it's back in the hands of the people. So, look at each other's music, enjoy each other, put yours out there too. It's a free world.

MR: Beautiful. Buffy, you'll come back again someday?

BFS: I hope so! Thank you.

MR: Buffy, really, it's been a pleasure, thank you so much.

BFS: Thank you too, Mike.

Tracks:
1. No No Keshagesh
2. Cho Cho Fire
3. Working For The Government
4. Little Wheel Spin And Spin
5. Too Much Is Never Enough
6. To The Ends Of The World
7. When I Had You
8. I Bet My Heart On You - with Taj Mahal
9. Blue Sunday
10. Easy Like The Snow Falls Down
11. America The Beautiful
12. Still This Love Goes On

Transcribed by Luke Hillis

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Follow Mike Ragogna on Twitter: www.twitter.com/ragz2008

Source: http://www.huffingtonpost.com/mike-ragogna/better-late-than-never-a_b_1172096.html

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Ron Paul's Extremist Connections Redux (Little green footballs)

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Tuesday, December 27, 2011

Chavez appoints new military intelligence chief

Associated Press

Posted on December 24, 2011 at 8:08 PM

CARACAS, Venezuela (AP) ? Venezuelan President Hugo Chavez has replaced his military intelligence chief.

Chavez says he is appointing Gen. Wilfredo Figueroa Chacin as the new chief of the country's military intelligence agency.

The new appointee replaces Gen. Hugo Carvajal, one of the president's most trusted security chiefs.

Carvajal was one of three close Chavez allies who in 2008 were accused by the U.S. Treasury Department of helping Colombian rebels by supplying arms and aiding drug-trafficking operations.

Chavez has denied those accusations.

The president announced the change during a speech Saturday. He did not say why he made it or what plans he has for Carvajal.

Source: http://www.wvec.com/news/world/136188123.html

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Video: What will New Year bring GOP?

With the Iowa Republican caucuses just a week away, CNBC's John Harwood looks at the GOP field and the importance of getting a good jump out of the primary race gate.

Related Links:

TODAY.com home page

Source: http://video.today.msnbc.msn.com/today/45786955/

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Monday, December 26, 2011

'Games Of Thrones' Director Alan Taylor To Helm 'Thor 2' (omg!)

Chris Hemsworth steps out at the premiere of "Thor" at the El Capitan Theatre in Los Angeles on May 2, 2011 -- Getty Premium

"Thor 2" has found its director.

Alan Taylor will replace Patty Jenkins at the helm of the superhero sequel, according to Deadline, which was first to report the news.

PLAY IT NOW: Trailer: ?The Avengers?

Taylor, an accomplished TV director, is best known for his work on HBO's "Game of Thrones," as well as credits on small screen hits including "Boardwalk Empire," "Mad Men" and "Nurse Jackie."

Jenkins, director of 2003's crime drama "Monster," was originally slated to direct the film, but was removed from the project earlier this month following rumored creative differences with Marvel.

VIEW THE PHOTOS: Superhero Star Chris Evans

The highly anticipated sequel, featuring returning star Chris Hemsworth as the hammer-wielding Norse god, is slated for theatrical release on November 13, 2013.

Copyright 2011 by NBC Universal, Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_games_thrones_director_alan_taylor_helm_thor2_183118021/44007393/*http%3A//omg.yahoo.com/news/games-thrones-director-alan-taylor-helm-thor-2-183118021.html

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Sunday, December 25, 2011

OPEC to accommodate increased Libyan output (AP)

CAIRO ? There is a "gentlemen's agreement" between OPEC members to accommodate increasing output from Libya, the North African country's oil minister said Saturday.

The comments by Abdul-Rahman bin Yazzah indicate that while there is no formal deal among members of the 12-nation Organization of the Petroleum Exporting Countries to cut output, the producer group is willing to take the step as Libya's production ramps up to pre-civil war levels of 1.6 million barrels per day.

"If the situation calls for it, they will meet," bin Yazzah said, adding that the decision is dictated by supply and demand. But "there is a gentlemen's agreement to accommodate Libya's production," he told reporters after a meeting of the Organization of Arab Petroleum Exporting Countries, or OAPEC, in Cairo on Saturday.

OPEC agreed Dec. 14 to raise its production ceiling to about 30 million barrels per day. The decision marked an increase from its earlier output target and was the first time it changed the ceiling in three years.

The producer bloc has grappled for years with noncompliance by member with their allotted quotas. The situation became further muddled over the past year as Libya's civil war ground production from that nation to a near standstill. To offset the drop, other OPEC members, most notably Saudi Arabia, stepped with additional barrels.

Libya is currently producing slightly more than 1 million barrels per day, the chairman of the National Oil Corp. Nouri Berruien said. The country expects to return to full production by mid -2012, he said ? much quicker than analysts had anticipated.

Aside from accommodating increased oil from Libya and Iraq, OPEC must also deal with an economic crunch in Europe where sovereign debt worries are squeezing growth forecasts and, in turn, dampening demand for oil.

If OPEC overproduced, or fails to curb its members' production to adjust for Libya's return to the market it could see prices fall below the $100 per barrel level favored by price hawks like Iran and Venezuela. Others like bloc kingpin Saudi Arabia favor prices between $80-85 per barrel.

The US benchmark crude futures contract on Friday settled at $99.68 per barrel in New York, while it's North Sea counterpart, Brent, settled at $107.96 a barrel in London.

Separately, Syria's oil minister said that international sanction had affected oil production in the country.

Sufian Allaw said that production was down by about 35 percent, reaching 255,000 barrels per day. Allaw said Syria was no longer exporting crude and that European oil companies like Shell and Total had halted their operations in the country because of EU sanctions.

"We have no ability to export now" because of the sanctions, he said.

The measures were imposed as Syria's government comes under tremendous criticism for its deadly approach to dealing with protesters demanding the end of President Bashar Assad's regime. The United Nations says more than 5,000 people have been killed since March, when the uprising began and the regime responded by deploying tanks and troops to crush protests across Syria.

Allaw said that current oil production effectively covered domestic refining capacity and that Syria still needed to import refined fuels.

Source: http://us.rd.yahoo.com/dailynews/rss/mideast/*http%3A//news.yahoo.com/s/ap/20111224/ap_on_bi_ge/ml_mideast_oil

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Obamas spending low-key Christmas Eve in Hawaii (AP)

HONOLULU ? President Barack Obama and his family are easing into vacation mode, spending a low-key Christmas Eve out of the spotlight.

The president spent his first morning in Hawaii at a multimillion-dollar vacation home his family rents in the Kailua Beach area, near Honolulu. He skipped his standard early morning gym workout, and headed to the golf course later Saturday.

First lady Michelle Obama, meanwhile, got into the Christmas spirit by helping track Santa for NORAD. The North American Aerospace Defense Command has been telling anxious children about Santa's whereabouts every year since 1955.

The White House said Mrs. Obama answered several calls from children around the country who wanted to know how close Santa was to their homes.

The Obamas are expected to spend Christmas Eve at home with friends and family.

The president's annual December trip to the state where he was born and mostly raised almost didn't happen. He had planned to arrive in Hawaii on Dec. 17, but delayed his departure while Congress worked its way through a stalemate over extending payroll tax cuts.

A deal was finalized Friday morning. Hours later, the president boarded Air Force One for Hawaii to meet his wife and daughters, who traveled ahead of him.

Obama's first order of business when he arrived was taking his wife out to dinner. The couple joined a few friends at Morimoto restaurant, one of their favorite dining spots on the island of Oahu.

The president has no public events planned in Hawaii. A small group of advisers accompanied him to brief him on domestic and international developments.

The Obamas are expected to return to Washington shortly after New Year's Day.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ap/20111224/ap_on_go_pr_wh/us_obama_hawaii

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Saturday, December 24, 2011

Obama faces battle on new clean-air rules

Reporting from Washington?

The Obama administration has adopted tough new limits on mercury and other toxic emissions from power plants, winning praise from environmentalists and public health advocates but sparking warnings from industry groups that contend the new regulations are too expensive and will place dangerous pressure on the nation's electrical grid.

The update to the Clean Air Act comes after a relentless 20-year battle in Washington. It marks the first time the Environmental Protection Agency has curbed power plant emissions of mercury, a known neurotoxin that can be profoundly harmful to children and pregnant women. The administration said cutting mercury in the air could prevent as many as 11,000 premature deaths a year.


FOR THE RECORD:
Mercury emissions: In the Dec. 22 Section A, an article about a new Environmental Protection Agency rule that would reduce mercury emissions from power plants misstated the stricter emission limit as 1.2 pounds of mercury per million BTUs of energy produced. In fact, it is per trillion BTUs of energy produced. An article in the Dec. 16 LATExtra section included the same error. ?

The announcement marks a strategic shift for the Obama administration, which had labored to mute industry and Republican complaints that environmental rules kill jobs, culminating in a decision this summer to halt standards to cut smog. Since then, the administration has moved to reassure its voter base of its commitment to the environment, most notably by delaying a decision on a controversial oil pipeline from Canada to the Gulf Coast.

The Keystone XL pipeline decision and now the mercury rule are political gambles for President Obama, since Republican challengers could push the jobs argument in crucial coal-reliant states like Ohio, Indiana and Pennsylvania.

Obama put himself squarely behind the mercury decision, releasing a short video in which he underscored the fact that President George H.W. Bush had signed the "bold and necessary" law authorizing the EPA to reduce toxic substances in the air in 1990.

"Over the years, the law was never fully implemented. Special-interest groups kept delaying the process," Obama said. "Today my administration is saying, 'Enough.' We are announcing new, common-sense, cost-effective standards to dramatically reduce harmful air pollution."

Industry lobbyists and congressional Republicans, who have fought vigorously to halt new clean-air rules, warned of rolling blackouts and massive layoffs in the energy sector if the regulations were implemented. Sen. James Inhofe (R-Okla.) vowed to introduce legislation to halt the mercury rule when Congress returns after the holiday break.

"This rule isn't about public health. It is a thinly veiled electricity tax that continues the Obama administration's war on affordable energy and is the latest in an unprecedented barrage of regulations that make up EPA's job-killing regulatory agenda," Inhofe said in an emailed statement. "I am determined to apply the brakes to President Obama's runaway regulatory agenda before it wrecks our economy."

Inhofe's measure is not likely to progress through the Democratic-controlled Senate, and if it were to get through Congress, Obama almost certainly would veto it.

Environmentalists praised the new standard as a historic leap in efforts to curtail air pollution.

"We can breathe easier today," said Frances Beinecke, president of the Natural Resources Defense Council, in an emailed statement. "Dirty coal-fired power plants will have to clean up the toxic soup of emissions that is polluting our air and making people sick, especially children."

Under the new rule, power plants can emit 1.2 pounds of mercury per trillion BTUs of energy produced. The industry had sought a higher limit, 1.4 pounds. But the EPA arrived at its figure based on a formula set out under the Clean Air Act, and analysts said the agency could not deviate from it. The rule would remove 90% of the mercury spewing into the air, the EPA said.

Companies would have three years to clean up their emissions of mercury, arsenic, acid gases and nearly 70 other toxic substances, and utilities could appeal for at least one more year while they installed the necessary equipment. Much of the industry has argued that the timetable is too tight and could lead to power outages.

The nonpartisan Congressional Research Service found in an August 2011 report, however, that industry had overstated the effects of the mercury rule and others on electricity reliability, noting that many of the inefficient, 50-year-old coal plants were already being replaced.

The industry itself is divided about the costs and benefits of the mercury rule. Most of the utility sector agrees with Scott Segal, director of the lobbying group Electric Reliability Coordinating Council, in his assertion that the mercury rule is the most far-reaching and potentially devastating federal intervention into the power industry to date.

"It will increase the cost of power, undermining the international competitiveness of almost two dozen manufacturing industries, and it will reduce employment upstream in the mining sectors," he wrote in an email. "All told, it is anticipated that the rule will result in the loss of some 1.44 million jobs by 2020."

But about a dozen states have already adopted mercury rules and, according to the EPA, more than half of the country's coal-fired plants already use the pollution-control technology needed to cut mercury.

Some utilities that comply with their states' standards contend that those that don't are trying to stall the inevitable, given how harmful mercury, arsenic and other emissions are. Ralph Izzo, chief executive of Newark-based Public Service Enterprise Group, said industry warnings about reliability were overstated and the time had come to limit mercury.

From 2006 to 2010, his company retrofitted its coal-fired plants, creating local jobs without disrupting reliability, Izzo said.

"Let's hire the engineers and construction crews to get this done," Izzo said, "rather than spending the next two years hiring lawyers" to fight the rule.

neela.banerjee@latimes.com

Source: http://feeds.latimes.com/~r/latimes/news/science/~3/Y3alHh3KZWU/la-na-epa-mercury-20111222,0,3131921.story

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Caring for Low Birth-Weight Baby Hard on Moms: Study (HealthDay)

THURSDAY, Dec. 22 (HealthDay News) -- Women with low birth-weight babies -- those less than about 3.3 pounds -- are more likely to have health problems five years later than mothers of normal birth-weight children, a new study finds.

Researchers from the University of Wisconsin-Madison said that addressing the stress these mothers face could help them avoid future health problems.

"We found that caring for a baby born very low birth weight can have negative downstream effects for maternal health," said the study's leader, Dr. Whitney Witt, an assistant professor of population health sciences at UW School of Medicine and Public Health, in a university news release. "This suggests that mothers of these babies and their families should get help and support both early on and as the child grows up, in order to keep the whole family healthy."

In conducting the study, researchers interviewed about 300 mothers of very low birth-weight babies and 300 mothers of normal-weight babies. They found the mothers of low birth-weight babies have more stress than other mothers, which could take a greater toll on their physical health.

Women whose low birth-weight babies had behavioral problems at age 2 also had worse mental health years later than other women. The researchers noted this also could be due to increased stress.

The study, published online Dec. 10 in the journal Quality of Life Research, also revealed that the longer the babies spent in the neonatal intensive care unit, the greater the negative effect on a mother's health.

"This study suggests that having a child born very low birth weight can have a lasting effect on mothers, and long-term or chronic stress may play a very important role," said Witt. "This is important information for pediatric and family medicine clinicians, so they can monitor, refer and treat these at-risk mothers as needed."

More information

The U.S. Centers for Disease Control and Prevention provides statistics and information on birth weight and gestation.

Source: http://us.rd.yahoo.com/dailynews/rss/parenting/*http%3A//news.yahoo.com/s/hsn/20111222/hl_hsn/caringforlowbirthweightbabyhardonmomsstudy

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Friday, December 23, 2011

NBA Facebook Town Hall

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Community Health Systems Looks Attractive As Market Overreacts To News

What would you think of a company which has a monopoly in a non-elastic market, great growth prospects and a price that implies pre-tax earnings yield of 34.12% and after-tax earnings yield of 23.76% (without pricing in growth)? If you think it might be an opportunity, keep reading, you may be on to something.

The company I'm talking about is Community Health Systems (CYH). This company provides healthcare services through self-owned or leased 131 hospitals in 29 states. For 60% of its hospitals there are no direct competitors. In addition, since it operates mainly in rural areas, it is unlikely for a competitor to move in and build a new hospital to compete with CYH since the market will not be able to sustain them both.

The management is aware of this fact, as shown in the latest annual report, and as a result the company works continuously to strengthen this advantage. It searches mainly for rural hospitals without direct competition, to buy, renovate and expand them. This strategy also provides the company two ways for growth:

  • Keep on buying more and more hospitals.
  • Reduce indirect competition. You see, in the 60% of the markets CYH operates (those markets without direct competitors), it has only 50% market share. The other half goes a long way to other hospitals (urban usually) that are bigger and more equipped to get specific treatment that CYH facilities don?t offer. This means that if CYH expands the services offers in its facilities, it can reduce indirect competition and gain more market share and revenue.

Both those two methods can keep the company growing profitably for years.

Currently, the company has revenue of approximately $150 per share. Operating and net profit margins are 3.9% and 2.7% respectively and they are getting better and better. The company has $1.75 of current assets for $1 of current liabilities which means no liquidity problems. The net asset value (NAV) is $26 and the earnings for 2011 are going to be 3.30 to 3.39 after tax according to management, and for 2012 around $3.60, after tax also.

With the price of the stock at about $16.5 we have an after tax earnings yield of 20% for 2011 and 21.18% for 2012, which makes for a current P/E ratio of 5 and a forward one of 4.58.

And while all these sound wonderful, every investor in his right mind would ask, "If everything about CYH is so nice why is it priced so cheaply? What's the catch?" Let's see what happened and why the company's stock was hammered from around $40 last April to just $16. All the trouble begun a year ago with an attempt from CYH to acquire Tenet Healthcare Corp. (THC). The whole deal turned ugly when THC rejected the bid and CYH tried unsuccessfully to change THC board. THC responded by suing CYH for overcharging Medicare, something that CYH dismissed and THC watered down after CYH withdraw its bid.

Nevertheless this fight left a scar on CYH stock which continued its decline amidst general worries about a slowdown in healthcare and falling admissions.

The only indisputable reason for worry about CYH is its great amount of long-term debt. The company as of its latest 10Q had $8.8 billions of debt outstanding. Half of this, $4.4 billions come due at 2014, $2.8 billions at 2015 and the rest later. In the case the company fails to refinance its debt at reasonable rates it may have to sell some of its hospitals. Now it's paying around 7.5% interest and if we assume pre-tax profitability at $350 million, the company can stand an interest rate up to 11%.

Even in the extreme event of a liquidation, stockholders have more than a good chance to be paid the company's net asset value which is $26 per share. The reasoning behind this claim is that the bulk of CYH assets (Hospitals) are unique pieces of real-estate with great positioning (since 60% of them are alone in their respective markets) and this will translate into very nice prices for those to be sold.

In conclusion, my case is that the market got over-spooked and is mispricing CYH for issues that do not exist or are not of such great concern. Admissions may fall a little but will come back because healthcare is one of the most basic needs people have. The company is most likely to refinance since it has a pretty stable business, more than enough profits and great assets as collateral for creditors. Finally the THC suit will most likely be dismissed and even if it's not I don't believe any substantial damage will be done.

I believe that below $18 this stock is a screaming buy and I would assume a fair value somewhere between $36 and $53.

All my info comes from the latest 10-Q, 10-K, and Q3 earnings call of the company, and can be found here and here.

Disclosure: I am long CYH.

Source: http://seekingalpha.com/article/315495-community-health-systems-looks-attractive-as-market-overreacts-to-news?source=feed

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Thursday, December 22, 2011

Arrest order for Sunni VP in Iraq raises tensions

Iraqi authorities issued an arrest warrant for Sunni Muslim Vice President Tareq al-Hashemi on Monday for suspected ties to assassinations and bombings, a decision likely to fuel sectarian tensions after the U.S. troop withdrawal.

The move risks unraveling Iraq's fragile power-sharing deal among Shiite, Sunni and Kurdish blocs who have struggled to overcome tensions just a few years after sectarian slaughter drove the country to the edge of a civil war.

Al-Hashemi is the highest ranking Sunni official in the Iraq government.

Interior Ministry spokesman, Major General Adel Daham, told a news conference confessions by suspects identified as Hashemi's bodyguards linked the vice president to killings and attacks on Iraqi government and security officials.

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Iraqi voices: Iraqi voices: For ?the Sheik,? U.S. pullout is cause for alarm

"An arrest warrant was issued for Vice President Tareq al-Hashemi according to Article 4 of the terrorism law and is signed by five judges... this warrant should be executed," Daham said, waving a copy of the document in front of reporters.

The political struggle between Shiite Prime Minister Nuri al-Maliki and his Sunni rivals in the country's delicate power-sharing deal has intensified during the withdrawal of the last U.S. troops nearly nine years after the invasion.

The ministry showed taped confessions, aired on state-run Iraqiya television and other local media, of men it claimed were members of Hashemi's security detail. The men said they had been paid by his office to carry out killings.

The three men shown on television detailed the assassinations they were told to carry out by Hashemi's aides including planting roadside bombs and driveby shootings of security and government officials.

'The war is over': Last US soldiers leave Iraq

One man said he was handed $3,000 as a reward by Hashemi himself.

But the identity of the men could not be independently confirmed.

Hashemi, who could not be contacted for a response, was in Kurdistan, a semi-autonomous enclave in the north, Kurdish political sources said. Kurdistan has its own government and security forces, making Hashemi's immediate arrest unlikely.

In a statement earlier on Monday, Hashemi accused Maliki's government of "deliberate harassment" after his plane was delayed for three hours at Baghdad airport. He had been heading for the Kurdish city of Sulaimaniya to meet the Iraqi president.

Story: 'Iraq War Ledger': The conflict by the numbers

Security forces arrested three Hashemi bodyguards on their way back from the airport, the statement said, adding military forces surrounding Hashemi's house for weeks had been beefed up.

"The vice-president has been very patient and is waiting for a reasonable explanation from the government parties concerned," the statement said.

Deepening crisis
Fearing a deepening crisis that could push Iraq back into sectarian turmoil, senior Iraqi politicians were holding talks with Maliki and other leaders to contain the dispute.

The U.S. ambassador in Iraq was in contact with senior Iraqi leaders, the U.S. embassy in Baghdad said, without providing details on which figures or the matters under discussion.

In Washington, Senators John McCain and Lindsey Graham issued a joint statement late Monday slamming the Obama administration for the development.

"This crisis has been precipitated in large measure by the failure and unwillingness of the Obama administration to reach an agreement with the Iraqi government for a residual presence of U.S. forces in Iraq," the statement obtained by NBC News said.

"A deterioration of the kind we are now witnessing in Iraq was not unforeseen...," the statement said. "We call upon the Obama administration and the Iraqi government to reopen negotiations with the goal of maintaining an effective residual U.S. military presence in Iraq before the situation deteriorates further."

The Obama administration did not immediately respond.

Violence has ebbed sharply since the peak of attacks in 2006-07 when suicide bombings and hit-squads claimed thousands of victims in tit-for-tat killing between Sunni and Shiite communities.

But sectarian tensions are close to the surface and still color many aspects of Iraqi political life.

Story: NC soldier, 23, was last US troop killed in Iraq

The completion of the U.S. withdrawal on Sunday left many Iraqis fearful that a shaky peace deal between majority Shiites and minority Sunnis might collapse and reignite sectarian violence.

Maliki over the weekend asked parliament for a vote of no-confidence against another leading Sunni politician, Saleh al-Mutlaq, who is deputy prime minister, on the grounds that he lacked faith in the political process.

Hashemi and Mutlaq are both leaders of the Iraqiya bloc, a secular group backed by minority Sunnis, which joined Maliki's unity government only reluctantly and recently boycotted parliament sessions after complaining of being marginalized

Many Sunnis, who were in power under Saddam, feel shunted aside by the rise of Shiites after the invasion. Already some Sunni-dominated regions in Iraq are seeking more autonomy from the central government, chaffing against what they see as an increasingly authoritarian tack taken by Maliki.

For over a year now, al-Maliki has effectively controlled the Interior and Defense Ministries, which oversee the police and military, while conflicts between Sunni and Shiite politicians have delayed the appointment of permanent ministers.

The dispute is a reminder that the U.S. left behind an Iraq still riven by sectarian division. The United States completed its withdrawal from the country, with the last troops crossing the border into neighboring Kuwait early Sunday.

Reuters, The Associated Press and NBC News contributed to this report.

Source: http://www.msnbc.msn.com/id/45727998/ns/world_news-mideast_n_africa/

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