Monday, October 8, 2012

Large anti-austerity protest in 56 Spanish cities

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Secondhand Clothing Marketplace Twice Is Putting Up $1M To Acquire YC, TechStars Or 500 Startups-Backed Companies

twice-logoTwice, a secondhand clothing marketplace?with $4 million in funding, has come up with a creative way to hire new talent. The company is now putting up $1 million to acquire any Y Combinator, 500 Startups or TechStars company, or any similarly qualified team. Twice is calling this hiring initiative the "Restart Fund," a tongue-in-cheek play on "Start Fund," the joint venture that currently provides $150,000 to every graduating YC startup. The $1 million is coming out of the $4 million Twice raised in August, but will be a mixture of cash and equity, explains?CEO Noah Ready-Campbell.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/B8MoFHzUAes/

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Romney Proposes New Sanctions on Iran, New Help for Syrian Rebels

LEXINGTON, Va. ? Republican nominee Mitt Romney will accuse President Obama of ?passive? leadership in the Middle East in a foreign-policy speech Monday at Virginia Military Institute. ?Hope is not a strategy,? he will say, according to excerpts released in advance of the late-morning address.

Romney plans to call for more direct intervention in Syria, including making sure anti-government opposition forces have weapons. He also plans to criticize the Obama administration for its initial focus on an anti-Islamic video as the trigger for an attack that killed four Americans in Benghazi, Libya, including U.S. ambassador Chris Stevens.

The renewed focus on foreign policy comes after several weeks of unrest in the Middle East resulting in widespread protests, attacks on multiple American embassies, and the deadly attacks in Benghzai. Romney plans to call the recent attacks ?expressions of a larger struggle that is playing out across the broader Middle East? and argue for changing course in the region. ?

Romney, who has little foreign policy experience on his resume, has been criticized for some of his previous statements on international affairs.? An overseas trip he took in July was largely overshadowed by negative reaction to comments he made about England?s lack of preparation for the Olympics and a perceived slight of Palestinians, whom he implied were culturally inferior to their Jewish neighbors.?He took heat for an inaccurate, premature attack on the Obama administration as events were unfolding in Libya. Most recently, he offended Spanish leaders when he said in the debate that he doesn?t want the U.S. to ?go down the path of Spain.?

The VMI speech gives Romney an opportunity to make ?voters comfortable with Romney as commander in chief,? said Republican strategist and former McCain adviser Ford O'Connell.? He pointed to a recent Gallup poll that shows Obama with higher foreign policy approval ratings than Romney and said the goal of the speech is also to ?close that gap a little bit.?

Here are some of the areas Romney will address during his speech, according to experts released in advance:

LIBYA

?The attack on our Consulate in Benghazi on September 11th, 2012 was likely the work of the same forces that attacked our homeland on September 11th, 2001. This latest assault cannot be blamed on a reprehensible video insulting Islam, despite the administration?s attempts to convince us of that for so long.?No, as the administration has finally conceded, these attacks were the deliberate work of terrorists who use violence to impose their dark ideology on others, especially women and girls; who are fighting to control much of the Middle East today; and who seek to wage perpetual war on the West.? ?

Romney is expected to say that he will support ?the Libyan people?s efforts to forge a lasting government that represents all of them,? while also pursuing those who attacked the consulate.?This position is the same as Obama?s.

SYRIA

On Syria, Romney plans to directly call for the United States to help arm the Syrian opposition. ?In Syria, I will work with our partners to identify and organize those members of the opposition who share our values and ensure they obtain the arms they need to defeat Assad?s tanks, helicopters, and fighter jets,? Romney will say.

Romney has previously said the U.S. needs to ?be ready to take whatever action is necessary to ensure that we do not have-- any kind of weapon of mass destruction falling into the hands of terrorists,? but has not yet said so specifically that he would help the opposition fighters obtain weapons.

The Obama administration is providing non-lethal aid such as intelligence, and The New York Times reported that the CIA is helping allies make sure they are sending arms to fighters who are not terrorists.

IRAN

?I will not hesitate to impose new sanctions on Iran, and will tighten the sanctions we currently have. I will restore the permanent presence of aircraft carrier task forces in both the Eastern Mediterranean and the Gulf the region?and work with Israel to increase our military assistance and coordination,? Romney will say.

The Obama administration has imposed unilateral financial and energy sanctions on Iran over its nuclear program, in addition to four sets of sanctions imposed by the United Nations since 2006.?The sanctions are partially responsible for the Iranian currency dropping by almost 40 percent in value in the past week and are having ?significant? effects on the Iranian people, according to United Nations chief Ban Ki Moon.

AFGHANISTAN

Romney, who just this week conceded that the Afghan surge, approved by Obama in 2009, was a success, will call for ?a real and successful transition to Afghan security forces by the end of 2014.?

While Obama has already called for all American troops to be out of Afghanistan by the end of 2014, Romney has criticized the president for setting a public deadline and disregarding calls by some commanders to allow some troops to stay beyond that deadline.

?I will evaluate conditions on the ground and weigh the best advice of our military commanders,? Romney will say.??And I will affirm that my duty is not to my political prospects, but to the security of the nation.?

ISRAEL/PALESTINIANS

Romney plans to say that he will ?recommit America to the goal of a democratic, prosperous Palestinian state living side by side in peace and security with the Jewish state of Israel.??

In a video of remarks at a private fundraiser that was recently released by Mother Jones magazine, Romney says he is torn by two perspectives of the conflict.? On one hand he describes a view that he?s ?had for some time, which is that the Palestinians have no interest whatsoever in establishing peace.?? Romney goes onto say that in this line of thinking you have to ?sort of live with it, and we kick the ball down the field and hope that ultimately, somehow, something will happen and resolve it.? ?

But he also tells the donors that he had heard from a former secretary of state who believes there is a prospect for a settlement between Israel and the Palestinians.??I always keep open the idea,? he concluded in the taped remarks.

Romney plans to argue at VMI that Obama has failed both Israel and Palestine, saying that ?what should be a negotiation process has devolved into a series of heated disputes at the United Nations. In this old conflict, as in every challenge we face in the Middle East, only a new president will bring the chance to begin anew.?

Source: http://news.yahoo.com/romney-proposes-sanctions-iran-help-syrian-rebels-000503798--politics.html

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Ronaldo to play for Portugal with hurt shoulder

Associated Press Sports

updated 11:52 a.m. ET Oct. 8, 2012

MADRID (AP) -Cristiano Ronaldo has been cleared to play for Portugal in its upcoming World Cup qualifiers despite injuring his left shoulder in Real Madrid's 2-2 draw at Barcelona.

After examining the forward on Monday, team doctors determined that Ronaldo's injury would not prevent him from taking part in international duty.

Ronaldo arrived at Portugal's training camp Monday, and team doctor Henrique Jones said the shoulder injury was "slight."

"We'll do everything we can to get him ready (for the game at Russia on Friday)," Jones said. "We think that's possible, but we'll be checking up on him every day."

Portugal also plays at home against Northern Ireland on Oct. 16.

Ronaldo scored both of Madrid's goals on Sunday to match Lionel Messi's two as the teams split the points. However, he fell hard on his left shoulder after attempting an overhead kick in the second half.

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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Finally! Messi, Ronaldo each score 2

PST: Even if they aren?t Ali-Frazier or Magic-Bird rivals, their stature in world soccer makes discussion inevitable. That will reach a new level after Sunday?s theatrics in Barcelona.

Messi, Ronaldo restore dignity to Barca vs. Madrid

??BARCELONA, Spain (AP) -The meetings between Barcelona and Real Madrid had become less and less about football lately, dominated instead by sideshows centered on ugly accusations, red cards and infamous eye pokes.

Source: http://nbcsports.msnbc.com/id/49327127/ns/sports-soccer/

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Tuesday, October 2, 2012

NY sues JPMorgan over Bear Stearns mortgage securities

NEW YORK (Reuters) - New York Attorney General Eric Schneiderman filed a civil fraud lawsuit against JPMorgan Chase & Co on Monday over mortgage-backed securities packaged and sold by Bear Stearns.

It was the first action to come out of a working group created by President Barack Obama earlier this year to go after wrongdoing that led to the financial crisis.

JPMorgan, which bought Bear Stearns for $10 a share in March 2008, said in a statement it would contest the allegations.

The suit accuses Bear Stearns of failing to ensure the quality of loans underlying residential mortgage-backed securities it packaged and sold in 2006 and 2007. Investors lost more than $22.5 billion on more than 100 of those securities, or one-quarter of their original value, the lawsuit said.

The lawsuit said there were "serious long-standing concerns" about the quality of reviews done by Bear Stearns, and that defects uncovered among the loans sold to investors were largely ignored.

The due diligence process was compromised "in order to increase their volume of securities", the complaint says.

It also alleged a "systematic abandonment of underwriting guidelines".

JPMorgan noted in its statement that the allegations concern actions by Bear Stearns before the investment bank was acquired by JPMorgan.

"The NYAG civil action relates to Bear Stearns, which we acquired over the course of a weekend at the behest of the U.S. Government. This complaint is entirely about historic conduct by that entity," the statement said.

SIMILAR CASES TO FOLLOW

Schneiderman, a co-chair of the working group, told Reuters on September 20 that his office would take action shortly and that he expected federal authorities to do so as well.

People familiar with the matter said a federal-state announcement was planned for Tuesday and Schneiderman's filing the case on Monday appears to have irked his federal colleagues.

Two federal officials familiar with the investigation said that while the lawsuit was brought under New York State law, much of the investigation was handled at the federal level.

Schneiderman's lawsuit, filed in New York State Supreme Court in Manhattan, was based on the Martin Act, New York State's powerful securities fraud statute, which does not require proof of intent to deceive.

Similar cases against other banks will follow, according to a person familiar with the lawsuit.

This is not the first time Bear Stearns has emerged as a central figure in the financial crisis. In June 2008, two former Bear Stearns hedge fund managers were charged by federal prosecutors with lying to investors about the financial health of their funds, which had invested heavily in mortgage securities backed by subprime loans.

The managers were acquitted in a case that still stands as one of the few criminal prosecutions against Wall Street bankers to emerge from the financial crisis.

Monday's lawsuit comes in a tumultuous year for JPMorgan and Chief Executive Jamie Dimon. Federal authorities are currently investigating a nearly $6 billion trading loss in JPMorgan's chief investment office. Last month, U.S. power regulators asked the bank to demonstrate that it did not violate federal regulations by submitting misleading information and omitting facts in dealings with the regulator and California's electricity grid operator.

The Residential Mortgage-Backed Securities Working Group was formed to probe the pooling and sale of risky mortgages in the run-up to the 2008 financial crisis.

Obama, who is scheduled to debate his Republican rival Mitt Romney on Wednesday night, said in January he was creating the group to "hold accountable those who broke the law" and to "help turn the page on an era of recklessness".

The task force includes the Justice Department, the Securities and Exchange Commission, the Department of Housing and Urban Development and the Internal Revenue Service.

The case is People v. J.P. Morgan Securities LLC, 451556/2012 New York state Supreme Court (New York County).

(Additional reporting by Aruna Viswanatha Editing by Andre Grenon and Edmund Klamann)

Source: http://news.yahoo.com/ny-sues-jpmorgan-over-bear-stearns-mortgage-securities-002646346--sector.html

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Monday, October 1, 2012

Serious child abuse injuries creep up, Yale study shows

Monday, October 1, 2012

A new Yale School of Medicine study shows that cases of serious physical abuse in children, such as head injuries, burns, and fractures, increased slightly by about 5% in the last 12 years. This is in sharp contrast to data from child protective services agencies, which show a 55% decrease in physical abuse cases from 1997 to 2009.

Published in the November issue of the journal Pediatrics, the Yale study is the first to track the occurrence of serious injuries due to physical abuse in hospitalized children. The study raises concerns that results from the U.S. child protective services agencies may be due to changes in reporting of cases to agencies, rather than a true lessening in child abuse cases. One possible reason for the divergent results is that studies by the child protective services agencies included all cases of physical abuse regardless of age or severity. The Yale study focused only on serious physical abuse.

"These results highlight the challenges of helping parents do better by their children and the importance of effective prevention programs to reduce serious abusive injuries in young children," said John M. Leventhal, M.D., professor of pediatrics and nursing at Yale, and director of the Child Abuse Programs at Yale-New Haven Children's Hospital.

Leventhal and co-author Julie R. Gaither, graduate student in the Yale School of Public Health, studied data from the Kids' Inpatient Database (KID), a sample of discharges from hospitals in the United States. They examined trends in serious injuries related to child abuse from 1997 to 2009. Cases of serious physical injury, such as head injuries, fractures, burns, and abdominal injuries, were identified using different injury codes. The KID also provides information on demographics, including a child's age, gender, race, and health insurance; whether the child died during hospitalization; and the length of hospital stay. Leventhal and Gaither found that the number of children hospitalized due to abuse-related injuries has increased by 4.9 percent over those 12 years.

Leventhal said the difference in results between the two studies highlights the challenge of using a single source of data to track a complex problem such as child abuse. "We also need to develop and fund effective prevention programs," said Leventhal.

###

Yale University: http://www.yale.edu

Thanks to Yale University for this article.

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Source: http://www.labspaces.net/123999/Serious_child_abuse_injuries_creep_up__Yale_study_shows

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'Green Brain' project to create an autonomous flying robot with a honey bee brain

ScienceDaily (Oct. 1, 2012) ? Scientists at the Universities of Sheffield and Sussex are embarking on an ambitious project to produce the first accurate computer models of a honey bee brain in a bid to advance our understanding of Artificial Intelligence (AI), and how animals think.

The team will build models of the systems in the brain that govern a honey bee's vision and sense of smell. Using this information, the researchers aim to create the first flying robot able to sense and act as autonomously as a bee, rather than just carry out a pre-programmed set of instructions.

If successful, this project will meet one of the major challenges of modern science: building a robot brain that can perform complex tasks as well as the brain of an animal. Tasks the robot will be expected to perform, for example, will include finding the source of particular odours or gases in the same way that a bee can identify particular flowers.

It is anticipated that the artificial brain could eventually be used in applications such as search and rescue missions, or even mechanical pollination of crops.

Dr James Marshall, leading the ?1 million EPSRC1 funded project in Sheffield, said: "The development of an artificial brain is one of the greatest challenges in Artificial Intelligence. So far, researchers have typically studied brains such as those of rats, monkeys, and humans, but actually 'simpler' organisms such as social insects have surprisingly advanced cognitive abilities."

Called "Green Brain," and partially supported with hardware donated by NVIDIA Corporation, the project invites comparison with the IBM-sponsored Blue Brain initiative, which is developing brain modeling technologies using supercomputers with the ultimate goal of producing an accurate model of a human brain.

The hardware provided by NVIDIA is based on high-performance processors called "GPU accelerators" that generate the 3D graphics on home PCs and games consoles and power some of the world's highest-performance supercomputers. These accelerators provide a very efficient way of performing the massive calculations needed to simulate a brain using a standard desktop PC -- rather than on a large, expensive supercomputing cluster.

"Using NVIDIA's massively parallel GPU accelerators for brain models is an important goal of the project as they allow us to build faster models than ever before," explained Dr Thomas Nowotny, the leader of the Sussex team. "We expect that in many areas of science this technology will eventually replace the classic supercomputers we use today."

Green Brain's researchers anticipate that developing a model of a honey bee brain will offer a more accessible method of driving forward our knowledge of how a brain's cognitive systems work, leading to advances in understanding animal and human cognition. "Because the honey bee brain is smaller and more accessible than any vertebrate brain, we hope to eventually be able to produce an accurate and complete model that we can test within a flying robot," said Dr Marshall.

"Not only will this pave the way for many future advances in autonomous flying robots, but we also believe the computer modelling techniques we will be using will be widely useful to other brain modelling and computational neuroscience projects," added Dr Nowotny.

Alongside this, the research is expected to provide a greater understanding of the honey bee itself. Because of their role as pollinators, honey bees are vital to many ecosystems, yet their declining population in recent years has given scientists cause for concern. Green Brain's modelling could help scientists to understand why honey bee numbers are dwindling and also contribute to the development of artificial pollinators, such as those being researched by the National Science Foundation-funded Robobees project, led by Harvard University.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/computers_math/information_technology/~3/gJH9sWAKK-k/121001111405.htm

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