A slew of psychology studies, some dating as far back as the 1920s, suggest that if you want to stick to your New Year?s diet ? or whatever your big 2012 goal may be ? you might want to shut up about it, already.
Source: http://www.msnbc.msn.com/id/3036697/vp/45819118#45819118
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What happens when you let two bots have a conversation? Cornell researchers Igor Labutov, Jason Yosinski and Hod Lipson find out. Follow the links at the bottom of this post for more about "AI vs. AI."
By Alan Boyle
Laughing babies, talking dogs and Rebecca Black may be Internet sensations, but if you want to add something more substantive?to your viral video diet, turn your dial to dueling chatbots, dancing Ph.D. theses and other highlights from the past year's surfeit of science videos.
Talking bots can be just as surprising and silly as talking dogs. Take "AI vs. AI," for example. Cornell researchers Igor Labutov, Jason Losinski and Hod Lipson took two Cleverbot artificial-intelligence programs, hooked them up to each other, and typed in "Hi" as an ice-breaker. Hilarity ensues.
"We just assembled the pieces, the audio and the avatars, and let the program run," Lipson, an associate professor at the Cornell Creative Machines Lab, told me today.
The funniest line in the video comes when one AI program tells the other that they're chatting together as robots. The other bot replies, "I am not a robot, I am a unicorn." Where did that come from?
"The conversations are based on millions of conversations that it had before," Lipson said. "Probably this term is something it had encountered in some conversation with a human." The best guess is that someone made a reference to the unicorn from Lewis Carroll's "Through the Looking Glass," and somehow that stuck in the Cleverbot's electronic brain.
The takeaway is that artificially intelligent chatbots can become as?petulant and irrational as the?humans who made them. This Cleverbot conversation provides further evidence of that. ("I'm talking about you ... how you are a creep," one clone-bot tells another.)
Here are?10 other clever and creepy science videos from 2011 to while away the minutes with. I've added links to more information about each of them at the bottom of this item:
Science educator James Drake put together 600 pictures from the International Space Station to create this video view of an orbital night flight. It's been viewed more than 6 million times on YouTube since September. Follow the links at the bottom for more night-flight videos.
One of the year's most trafficked videos is "A Day Made of Glass," which depicts Corning's vision for a glassy future. It's been viewed more than 16 million times on YouTube since February. Follow the links at the bottom of this story for more about the future of glass.
An octopus rises from the deep at the Fitzgerald Marine Reserve in California ... and walks over land on its legs. It turns out this behavior is not all that uncommon. The video is among Txchnologist's top 10 science videos. Follow the links at the bottom for more about walking octopi and the Txchnologist list..
Speaking of octopi, here's a soft robot that crawls along a surface like an octopus out of water. Follow the links at the bottom to see more videos from Chemical & Engineering News.
Soft robots may look cute, but this hard-charging AlphaDog Proto looks downright creepy. It's being developed by Boston Dynamics with funding from DARPA and the U.S. Marine Corps. The first version of the complete robot will be ready in 2012. Follow the links at the bottom to learn more about AlphaDog.
Minute Physics focuses on the faster-than-light neutrino research in its latest video. Follow the links listed below for more from Minute Physics.
Quantum levitation sounds like a science-fiction phenomenon, but the Superconductivity Group at the University of Tel Aviv shows that it really, really works. Watch this report from TODAY.com's Dara Brown, and follow the links at the bottom of this post to learn more.
In one of a series of math-themed videos, Vi Hart takes potshots at pi and talks up tau instead. And she proves she can make a cherry pie. Follow the links at the bottom for more about Hart and Tau Day.
Update for 8:35 p.m. ET: For 10 more must-see, humorous science videos, check out this?Tree of Life blog posting by UC-Davis biologist Jonathan A. Eisen. He says his No. 1 pick, ?the "Bad Project" Lady Gaga parody, is "simply awesome" ? and I simply agree.
More about the videos:
More year-end reviews:
Alan Boyle is msnbc.com's science editor. Connect with the Cosmic Log community by "liking" the log's Facebook page, following @b0yle on Twitter and adding the Cosmic Log page to your Google+ presence. You can also check out "The Case for Pluto," my book about the controversial dwarf planet and the search for new worlds.?
Source: http://cosmiclog.msnbc.msn.com/_news/2011/12/29/9805608-must-see-science-videos-of-2011
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WASHINGTON - The Rangers applied pressure in the third period Wednesday night while trailing the Capitals, 3-1, but when Ryan Callahan appeared to have narrowed the deficit, replays showed he had kicked in the rebound of a Brad Richards shot from the point, and the goal was disallowed.
It was the right call, but it also pushed the Blueshirts power play to one-for-its last 16, and 0-for-8 in two games since the Christmas break.
Richards, one of the captains of that lifeless power play, registered four shots on goal in 19:32 of ice time, but he was a minus-three and committed that crucial turnover that led to Alexander Semin's goal to make it 3-1 in the second period. Not only that, but check out this stat: since Richards' fluky backhanded goal in the final second of a 3-2 win in Phoenix on Dec. 17, Richards has zero points. Five games, zero points.
Before John Tortorella gave his morning skate interview at the Verizon Center on Wednesday, he stopped in the hallway to talk to Richards, who was standing near one of the workout bikes with Ryan Callahan. Tortorella spoke to Richards for about 30 to 45 seconds, appearing to instruct him on strategy for the night's game. It was a constructive, back-and-forth conversation between a few of the team's leaders and veterans. But clearly, whatever message was delivered then did not sink in at game time.
The Blueshirts also have fallen into second place in the Eastern Conference, after Boston defeated Phoenix, 2-1, in a 9 p.m. start. The Bruins now have 49 points, one more than the Rangers.
The Blueshirts will practice at the Kettler Capitals Iceplex in Arlington, Va. on Thursday afternoon before flying to Fort Lauderdale for Friday's game in Sunrise, Fla. against the Panthers. In the meantime, here are the postgame quotes from Wednesday's 4-1 loss to the Caps:
RANGERS POSTGAME TRANSCRIPT ? JOHN TORTORELLA, RYAN McDONAGH, MARTIN BIRON, BRIAN BOYLE
?
JOHN TORTORELLA
On whether he was disappointed with the defensive effort: ?I wouldn?t say it?s defensive. I?d say it?s some brain-dead plays at our blue line as far as turnovers. It?s unfortunate with Del Z, he loses the puck there on the first one. But a turnover by Mitch and turnover by Richie, not against their third or fourth line, against their top line. It kills us. That?s what?s frustrating. I thought we beat ourselves a little bit there in those situations. They?re an opportunistic team. They don?t want to defend. They want nothing to do with it. So what do we do. We don?t allow them to defend on those plays and they go score goals and they get rolling. That?s where they gained their momentum. So that?s what?s frustrating.
?
RYAN McDONAGH
On what turned the momentum, whether it was lack of puck discipline: ?Yeah I think we definitely wanted some plays back in the second period there. They were coming with good speed. A couple times they catch us and they made us pay for it. We?ve had great goaltending and they can only do so much when you keep giving them breakaways and odd-man rushes, especially with this team they?re gonna score. We didn?t protect the puck as well as we wanted to, but I thought we kept with it in the third period and gave it a good effort there.?
?
On whether allowing Caps get out on rush was the difference between this loss and the win in November: ?Yeah, that?s the thing. That team?s got a lot of talent and speed and they thrive on transition game. Tonight we didn?t get pucks in when we needed to or were trying to look for something prettier, caught out there in shifts, especially on the second it was a long chance. We got pinned in our zone a couple times, and they made us pay.?
?
BRIAN BOYLE
On whether Rangers got away from their trademark forecheck/dump and chase: ?You want to be able to make plays. We want to grind them down, that?s what?s made us successful. We?ve done a pretty good job of that, but sometimes you make mistakes. This was a good team. They countered on us pretty good. But our main focus is we don?t want to give the puck away. You want to make them take it from us, putting it in good areas so we can get it back. It?s not like we didn?t do it at all tonight. We had some really good shifts. In the first period we did a pretty good job of that. But if you let them bring it like that, if it ends up turnovers and they score, we?ve got to come back and score, and we obviously didn?t. We had our chances. It?s frustrating.
?
On not scoring on McDonagh?s rebound midway through the third period with a bouncing puck: ?Well sure it?s bouncing but I?ve got to put that in. We?re supposed to be NHL players and I should handle that. It?s tough. When I got back to the bench, I was pissed. Tried to come back and we got a couple more chances after that, but ??
?
On earning time on the power play: ?Yeah, we?re just trying to play the same way. If we take care of the puck, we had a big responsibility tonight trying to stop that (Ovechkin) line. I turned one over in the D zone, we had a little mishap in the neutral zone, stuff like that. One mistake will kill you. But like I said, I had a chance to make a big play and it?s hard not to get frustrated. You want to stay positive. It?s been a while. It?s tough. I accept that. That?s a lot of responsibility and if I?m going to play these minutes, I want to score. I feel like I?m going to though. We kept coming and kept having shifts. I?m not saying my confidence is sky-high right now offensively, but I?m just trying to keep it positive and I should have buried that.?
?
On earning more minutes even though he?s not scoring: ?When they?re not going in, you can?t give ?em up.?
?
MARTIN BIRON
On what shifted the momentum: ?Obviously little things in the game will make a difference. We all know as a team what those little things were tonight. I?m sure the coaching staff knows. We?ve just got to have the attitude that the little bit of room that we gave their top line, we?ve just got to be careful in the next games, because those are big points and big guys that you?re playing against. You?ve got to be able to control the play against a line like that. So they were able to come back and get a couple good goals and that really made the difference in the second, when we couldn?t sustain the pressure that we had in the first period.?
?
On his own performance: ?Right now, it?s extremely disappointing, knowing that we come in here and this was a big opportunity for us to get a couple points and we just needed to ? I don?t know. It?s just disappointing when you?re gonna chew on that for a little bit here. But tomorrow you?ve got to forget about it. And that?s probably the attitude you?ve got to have.?
?
Have a question about the Blueshirts or a comment? Find Pat on Twitter at @NYDNRangers.
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FILE - John Zaller, creative director of Premier Exhibitions, discusses objects from the Titanic's Verandah Cafe on display in the "Titanic: The Artifact Exhibition" at the Discovery Times Square Exposition in New York, in this June 24, 2009 file photo. The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck. The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. A spokeswoman for the auction house and Premier Exhibitions declined Wednesday Dec. 28, 2011 to discuss the auction with The Associated Press until a formal announcement in January. (AP Photo/Richard Drew, File)
FILE - John Zaller, creative director of Premier Exhibitions, discusses objects from the Titanic's Verandah Cafe on display in the "Titanic: The Artifact Exhibition" at the Discovery Times Square Exposition in New York, in this June 24, 2009 file photo. The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck. The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. A spokeswoman for the auction house and Premier Exhibitions declined Wednesday Dec. 28, 2011 to discuss the auction with The Associated Press until a formal announcement in January. (AP Photo/Richard Drew, File)
FILE - In a Friday, Aug 15, 2008 file photo, currency, part of the artifacts collection of the Titanic, is shown at a warehouse in Atlanta. The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck. The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. A spokeswoman for the auction house and Premier Exhibitions declined Wednesday Dec. 28, 2011 to discuss the auction with The Associated Press until a formal announcement in January. (AP Photo/Stanley Leary, File)
FILE - First class tea cup china used by passengers is a part of the artifacts collection of the Titanic which is in a secret hiding place in Atlanta, in this Aug 15, 2008 file photo being prepared for shipping to the Georgia Aquarium for the public to see later. The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck. The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. A spokeswoman for the auction house and Premier Exhibitions declined Wednesday Dec. 28, 2011 to discuss the auction with The Associated Press until a formal announcement in January. (AP Photo/Stanley Leary, File)
FILE - Third-class tea cup china used by passengers and the crew, is shown as part of the artifacts collection at a warehouse in Atlanta, in this Aug 15, 2008 file photo. The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck. The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. A spokeswoman for the auction house and Premier Exhibitions declined Wednesday Dec. 28, 2011 to discuss the auction with The Associated Press until a formal announcement in January. (AP Photo/Stanley Leary, File)
FILE - Third class china used by passengers and the crew, which is part of the artifacts collection of the Titanic which is in a secret hiding place in Atlanta, in this Aug 15, 2008 file photo being prepared for shipping to the Georgia Aquarium for the public to see later. The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck. The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. A spokeswoman for the auction house and Premier Exhibitions declined Wednesday Dec. 28, 2011 to discuss the auction with The Associated Press until a formal announcement in January. (AP Photo/Stanley Leary, File)
RICHMOND, Virginia (AP) ? The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, the 100th anniversary of the world's most famous shipwreck.
More than 5,500 items including fine china, ship fittings and portions of hull that were recovered from the ocean liner have an estimated value of $189 million (146 million euros), according to Premier Exhibitions Inc., parent of RMS Titanic Inc. ? the Titanic's court-approved salvor. That value was based on a 2007 appraisal and does not include intellectual property gathered from a 2010 scientific expedition that mapped the wreck site.
The auction is scheduled for April 1 by Guernsey's, a New York City auction house, according to filings by Premier Exhibitions Inc. with the Securities and Exchange Commission. Results of the auction won't be announced until April 15, the date a century ago the Titanic sank on its maiden voyage after striking an iceberg.
The auction is subject to approval by a federal judge in Virginia whose jurisdiction for years has given oversight to legal issues governing the salvage of the Titanic. The Titanic treasures were amassed during seven perilous trips to the wreck, which rests about 2 1/2 miles below the ocean surface in the North Atlantic.
A spokeswoman for the auction house and Premier Exhibitions declined Wednesday to discuss the auction with The Associated Press until a formal announcement in January.
The Titanic's sinking claimed the lives of more than 1,500 of the 2,228 passengers and crew. An international team led by oceanographer Robert Ballard located the wreckage in 1985, about 400 miles (645 kilometers) off Newfoundland, Canada.
U.S. District Judge Rebecca Beach Smith, who has overseen the case from her Norfolk courtroom, has ruled that RMS Titanic has title to the artifacts and was entitled to full compensation for them. She has not determined how RMS Titanic will be compensated.
Smith, a maritime jurist who has called the Titanic an "international treasure," has approved covenants and conditions that the company previously worked out with the federal government, including a prohibition against selling the collection piecemeal.
The conditions, which accompanied a 2010 ruling, also require RMS to make the artifacts available "to present and future generations for public display and exhibition, historical review, scientific and scholarly research, and educational purposes."
Atlanta-based Premier Exhibitions has been displaying the Titanic artifacts in exhibitions around the world. The items include personal belongings of passengers, such as perfume from a manufacturer who was traveling to New York to sell his samples.
RMS recovered artifacts from the shipwreck in expeditions in 1987, 1993, 1994, 1996, 1998, 2000 and 2004.
In its SEC filing, Premier acknowledged any future owner of the Titanic treasures must abide by the covenants and conditions.
In accordance with court's conditions, "The Property will be sold as a complete collection and offered for sale as one lot," Guernsey's wrote in the SEC filing, which outlines the terms of the auction. The auction house's commission is 8 percent of a successful bid.
In 2010, RMS Titanic collaborated with some of the world's leading experts in the most technologically advanced expedition to the Titanic, undertaking the first comprehensive mapping survey of the vessel with 3-D imagery from bow to stern.
Some of the never-before-seen images were shown in Smith's courtroom. The most striking images involved the 3-D tour of the Titanic's stern, which lies 2,000 feet from the bow.
A camera in a remote-controlled submersible vehicle skimmed over the stern, seemingly transporting viewers through scenes of jagged rusticles sprouting from the deck, a length of chain, the captain's bathtub, and wooden elements that scientists had previously believed had disappeared in the harsh, deep ocean environment.
The cameras did not probe the interior of the wreck. But the expedition fully mapped the 3-by-5-mile (5-by-8 kilometer) wreck site, documenting the entire debris field for the first time.
The new images will ultimately be assembled for public viewing, scientists said, and to help oceanographers and archaeologists explain the ship's violent descent to the ocean bottom. It is also intended to provide answers on the state of the wreck, which scientists say is showing increasing signs of deterioration.
"Titanic" director James Cameron also has led teams to the wreck to record the bow and the stern.
The Titanic exhibit is among several operated by Premier Exhibitions, which bills itself as "a major provider of museum-quality touring exhibitions." Its offerings have included sports memorabilia, a traveling Star Trek homage and "Bodies," an anatomy exhibit featuring preserved human cadavers.
___
Online:
RMST Inc.: http://www.titanic-online.com
___
Steve Szkotak can be reached on Twitter at http://twitter.com/sszkotakap .
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Accidents happen. You?re going along and then suddenly your favorite app is gone.?Whether you?ve purposely or accidently deleted an app from your iPad, it?s a surprisingly simple process to get it back, and you can do it all from your iPad.
Before we get into the process, we do recommend that you back up your iPad in general. This will help prevent loss of data and apps. This is recommended generally for most of your important data carriers like your computer, iPod, smartphone, etc.?
1. Open iTunes on the iPad.
2. Log into your iTunes account. Make sure that it???s the same account that you used to originally purchase the app.
3. Search for the app in the iTunes store and tap it. Tap ???Buy App??
4. Tap ?Okay? when it prompts if you want to download the app again for free.?
5. Again, make sure that you back up the app on your computer to help prevent future issues.
This article was originally posted on Digital Trends
More from Digital Trends
How To: Register an Apple iPad
How to turn off in-app purchases on Apple products
How To: Lock Screen Rotation on the iPad
How To: Make an iPad a Wi-Fi Hotspot
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The Daily Ticker covers the most important business stories of the day -- the economy, investing, corporate leadership and politics. The Daily Ticker picks up where Tech Ticker left off and is hosted by Aaron Task, Henry Blodget and Daniel Gross. Often serious, sometimes irreverent and always interesting, The Daily Ticker gives viewers a unique take on the business world's most crucial stories.
Source: http://finance.yahoo.com/blogs/daily-ticker/occupy-wall-street-2011-reflections-080955204.html
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Hugh Hefner and his ex-fianc Crystal Harris are in the midst of a custody battle over their seriously cute pup.
The former couple, who split just days before their nuptials in June, is at odds over who should get to keep their Cavalier King Charles spaniel, Charlie, according to People.
And the Playboy mogul thinks it's only fair he gets the pooch.
MORE: Crystal Harris Puts Hugh Hefner's Engagement Ring Up for Auction
Although Harris previously claimed Hefner let her keep the dog following their split, Hefner said they're still working out where the dog will stay permanently.
"We both love the puppy," Hefner told People. "I told her if she wants to keep the ring and the Bentley, then maybe I can keep the puppy. I [hope] we will work it out."
"The puppy's valuable, but not $100,000 worth," Hefner went on.
Lesson learned: Next time, get a pup prenup.
PHOTOS: Hugh Hefner's Gorgeous Girls
? 2011 E! Entertainment Television, Inc. All Rights Reserved.
Source: http://today.msnbc.msn.com/id/45791351/ns/today-entertainment/
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Cruising down the 540 in your method to look at the Arkansas Razorbacks just take on rival LSU at War Memorial Stadium just take a seem all around whatsoever the fellow Razorbacks around the street. Likelihood is you may see a whole lot of cardinal red. Glimpse nearer and you?ll in all probability see a diverse crowd in a diverse bunch of cars making the trek into Little Rock.
From 2010 Toyota Corollas to 1996 Ford Windstars, if it?s got wheels and you also are searhing for it you are able to in all probability look for is.gd/INAPwoUB it in Arkansas. Arkansas may be a scorching bed of exercise for automotive sellers. You can discover a automotive for every flavor and need, from new exotics to utilized pickup trucks. In are straightforward to return by and offered at a range of dealerships.
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But there?s a means you are able to look for and preserve major bucks much too, by about to a public auto auction. Quite often the idea of buying a motor vehicle from a car auction will come with ideas of broken down aged clunkers hidden underneath refreshing coats of paint just looking forward to a sucker to just take them residential home. Plenty of shoppers are scared that auction dwelling automobiles are by some means faulty and automatically carrying a bevy of high priced complications underneath the hood. While some auctions do offer in useful junk, the fact is most auto auctions are a terrific location to look for a high quality utilized motor vehicle.
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In case you are out there for any utilized automotive, certainly one of the perfect tactics to look for oneself an outstanding offer is to seem at a . Auctions specializing in repossessed cars typically have recent model automobiles with minimal mileage on hand. In addition these automobiles and trucks tend to be perfectly taken care of and in many scenarios still have the factory guarantee connected. It really is unfortunate any time a individual over-extends their self when buying a different automotive, but the fact is in a sluggish financial state more and more people aren?t capable to generate their automotive payments. As being a end result lenders repossess the motor vehicle and place them up for auction on the greatest bidder. The banks know total perfectly they can?t get high dollar for the repo motor vehicle but they do hope to recoup some of their losses. It is the place a savvy purchaser can leap in and receive terrific minimal mileage cars at incredible price ranges. That savvy purchaser can be you.
There can be a couple of issues make sure you know previously acquiring your following motor vehicle from an auction. For one particular, they primarily do not help you to check drive the automobiles previously the auction. What this means is you will need to can come well prepared and know the motor vehicle and producers background. By using online sites like carfax.com and Shopper Reports it is really pretty straightforward to ascertain when the motor vehicle your fascinated by has a background of complications or is in an accident. Also, most auctions demand possible customers to generate a deposit in an effort to receive a bidders selection. The deposit varies but in just about all scenarios it is entirely refundable for those who do not look for the motor vehicle of the desires. As a final point, auctions shift rapid and it is really straightforward to get missing during the excitement. In case you end up overwhelmed just request a team member for a few help. They are really there to assist you with every little thing from inserting bids to acquiring records plus much more.
Irrespective of whether your headed down the 540 to Little Rock, or north to Fayetteville, do it in design and preserve a bundle by buying your following ride from a car auction. You can get yourself a terrific selling price and also have a great time. And while using the array of automobiles and trucks to pick from the only point you may be required to concern yourself with is selecting the right ride in Razorback cardinal red.
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This blog features observations from Joplin East Middle School communication arts teacher Randy Turner, formerly an award-winning reporter/editor for various Missouri newspapers. The comments on the blog do not represent the views of the Joplin R-8 School District. Send news items or comments to rturner229@hotmail.com
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FRANKFURT (Reuters) ? The dangers facing Europe's financial system have continued to worsen, Europe's recently created super-watchdog, the European System Risk Board (ESRB), said on Thursday, as it urged the euro zone to get its new rescue fund up and running.
The body, designed to give early warnings and one of Europe's flagship responses to the financial crisis, said the trouble in the euro zone bond markets and the lack of confidence in Europe's banks had made the risks facing the region more acute.
"Overall conditions have worsened as a result of the intensification of negative interlinkages between sovereign risks and the uncertainty about the resilience of the financial system, and on account of deteriorating growth prospects," the ESRB said in a statement.
"Dependence on central banks has risen and signs are intensifying that stressed financial conditions are passing through to the real economy."
It added the resilience of the financial system needed to be improved and called for banks to bolster their balance sheets but without slamming the brakes on lending.
"Strict implementation of EBA criteria to avoid a disorderly or excessive deleveraging process could support the supply of credit and the provision of financial services to the real economy," Mervyn King, the ESRB's Vice Chairman said.
"The core Tier 1 capital ratio of 9 percent should mainly be achieved through an increase in capital levels, also by restricting payouts."
He went on to say the problems that have frozen interbank lending markets needed to be overcome and was something the ESRB would look at, and urged the euro zone to finalize agreements agreed earlier this month at a crisis summit in Brussels.
"The swift and coordinated implementation of those decisions is now of utmost importance."
"It is essential that the EFSF (European Financial Stability Facility) be fully equipped and operational."
END NOT NIGH
The ESRB is made up of mix of central bankers and financial industry bodies and is designed to take a bird's eye view of Europe's economy flag up any emerging problems for relevant authorities to act on.
Critics argue it has no formal teeth and is therefore likely to prove ineffective. The ESRB argues, however, that its ability to issue public warnings gives it the ability to harness the disciplinary forces of the market.
The ESRB's head Mario Draghi, unexpectedly and without explanation did not turn up to the post-meeting news conference. King, standing in for him, replied to a question about whether there was a danger the euro may not survive with an analogy about profocising doommongers.
"I remember as a student going to the centre of London and seeing on the main shopping street a man wearing a sandwich board and across it was written: The end of the world is nigh. The interesting thing was he was still there 20 years later."
Both King and Enria said it was vital that banks did not achieve their debt reduction targets by slashing lending to firms and consumers.
They also underscored the importance of the measures taken by the European Central Bank and the Bank of England to provide banks with secure and cheap funding. The ECB on Wednesday pumped almost half a trillion euros to banks in its latest bid to bolster the system.
King also said that while the idea of a euro break up was absurd, in general, banks needed to be prepared for all circumstances.
"There was no discussion of that (country leaving the euro) at the ESRB and of course all financial institutions are advised to prepare for a wide range of contingencies. But the responsibility of selecting those is up to them," he said.
(Reporting By Marc Jones and Eva Kuehnen; editing by Ron Askew)
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BEIJING ? A Chinese official says authorities have detained a number of people in a seaside town where protests against a planned power plant resulted in clashes with police.
Protesters say the town of Haimen saw a third day of unrest Thursday as thousands of people wanting to block a highway were locked in a standoff with riot police.
A city Communist Party propaganda official surnamed Chen said some people who had participated in "illegal activities that endanger public security" were detained, but said he was uncertain how many.
A resident also surnamed Chen said police set up a roadblock at the highway and threatened to arrest anyone who dared to cross. He said a few thousand people stood on the other side of the roadblock.
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In these roles, your days will consist of: Driving Class 1 or 3 trucks to the job site, on various road conditions; Frequent heavy lifting up to 50 lbs; Consistent pushing and pulling up to 80lbs; 15 days on, 6 days off; On-call 24 hours/day when scheduled.
Key qualifications:
Manpower thanks all applicants for their interest, however, due to the volume of resumes we receive, only selected applicants will be contacted. All other resumes will be retained for future consideration.
Ref: CAN_40068>
Source: http://jobs.manpower.ca/job/Medicine-Hat-Oil-&-Gas-Field-Positions-Job-Albe/1564955/
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Continue reading Ben Heck delivers holiday cheer to gamer with modded macro controller
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European Central Bank (ECB) President Mario Draghi, center, prepares to take his seat during a meeting of the Economic and Financial Committee at the European Parliament in Brussels, Monday, Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)
European Central Bank (ECB) President Mario Draghi, center, prepares to take his seat during a meeting of the Economic and Financial Committee at the European Parliament in Brussels, Monday, Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)
European Central Bank President Mario Draghi speaks during a meeting of the Economic and Financial Committee at the European Parliament in Brussels on Monday Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)
European Central Bank President Mario Draghi speaks during a meeting of the Economic and Financial Committee at the European Parliament in Brussels on Monday Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)
European Central Bank President Mario Draghi speaks during a meeting of the Economic and Financial Committee at the European Parliament in Brussels on Monday Dec. 19, 2011. The ECB has faced calls to step up its bond-buying program in an effort to stem the eurozone debt crisis but appears determined to limit its support for indebted governments as they try to dig their way out of trouble. (AP Photo/Virginia Mayo)
FRANKFURT, Germany (AP) ? The European Central Bank loaned a massive euro489 billion ($639 billion) to 523 banks for an exceptionally long period of three years to steady a financial system that is under pressure from the eurozone debt crisis.
It was the biggest ECB infusion of credit into the banking system in the 13-year history of the shared euro currency.
Wednesday's loans surpassed the euro442 billion ($578 billion) in one-year loans from June, 2009, when the financial system was reeling from the collapse of U.S. investment bank Lehman Brothers.
The ECB is trying to make sure that banks have enough ready cash so they can keep on lending to businesses. Otherwise, a credit crunch could choke off growth and spread the debt crisis to the wider economy through the banks.
Markets rose modestly on the amount of the loans, which was far higher than the euro300 billion expected. Stocks across Europe were higher while the euro was heading back up towards $1.32.
"The fact that the ECB is taking this step is a good thing," said Louise Cooper, markets analyst at BGC Partners. "It is helping to alleviate some of the strains within the system and does on the margin help banks fund themselves."
Helping the banks may be crucial in the year ahead, as many economists think the eurozone may be headed for recession. Slowing growth would make it even harder for the over-indebted governments that are at the heart of the eurozone's crisis to get a handle on their debt burdens. A default on debt payments by a country such as Italy or Spain could cause a new financial crisis and send the global economy into recession.
The 37-month term of the loans permits the banks to stock up on money for a much longer period and reduces stress on their finances. Many banks have had trouble borrowing from other banks or by issuing bonds as they do in normal times. That is because lenders fear the banks may suffer losses from the crisis and not pay them back.
Additionally, banks need to pay off large amounts of their own maturing debts in the first part of the new year. The concern has been that if they cannot borrow to refinance those obligations they will find the money by cutting back on making loans to businesses. Those loans enable businesses to operate day to day, expand their operations and hire people.
The ECB has served as lender of last resort for banks when they cannot borrow elsewhere. ECB president Mario Draghi has stressed the central bank's role in supporting banks even as the bank has refused to play that role for the indebted governments themselves by buying large amounts of their bonds.
Draghi says governments must be the ones to reduce their spending and deficits, and should not depend on a central bank bailout.
In contrast to its tough line with governments, the bank has made easy and abundant credit to banks its main tool in dealing with the effects of the eurozone's two-year-old financial crisis.
Italy and Spain have been at the center of investor concerns in recent months as their borrowing costs have risen. Those two are considered big to bail out with the current eurozone bailout funds, in contrast to Greece, Ireland and Portugal, which have all sought outside financial help. Italy, for example, has some euro1.9 trillion in outstanding debt.
Alongside its efforts to shore up the banks, the European Central Bank has also been cutting interest rates to support the ailing eurozone economy. It has reduced its main refinancing rate from 1.5 percent to 1.0 percent over the last two monthly meetings in the hope that lower borrowing costs will stimulate growth by making credit cheaper for businesses.
Under the terms of Wednesday's loans, the banks will pay the average refinancing rate over the three years. The ECB reviews the rate each month and it will almost certainly change. Banks also have the flexibility of repaying the money after a year if their situation improves.
Still, the credit infusion only treats one of the worst symptoms of the debt crisis. It does not remove the reason people will not lend to banks ? their thin levels of capital reserves against potential losses.
"I just want to point out that the ECB is not curing the banking illness, it is merely given banks an aspirin to take away the pain," said BGC's Cooper.
European officials are pushing banks to raise more capital ? but it's not an easy task in the current environment. Investors are leery of putting more into banks, and it would be politically unpopular for governments to do it.
The ECB loans also do not do much to reduce heavy levels of government debt. There was some speculation that banks could borrow money cheap from the ECB operation and buy higher-yielding government bonds.
But many analysts think it is unlikely they will increase their exposure to government bonds amid fears of default. Many banks have cut their holdings of debt from governments that are in financial trouble.
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BRUSSELS (Reuters) ? The euro zone will pursue measures to tackle its sovereign debt crisis this week by offering more cash to the IMF and long-term liquidity to banks, while moving towards tighter fiscal rules, after ratings agency Fitch cast doubt on it ability to forge a decisive response.
"We all know that Europe has not been able to convince markets that its governance set-up and its measures against the crisis were enough," Italian Deputy Economy Minister Vittorio Grilli said in a newspaper interview published on Sunday.
"More integration and more effective instruments are needed. We are not yet there," he told Il Sole 24 Ore.
Euro zone leaders agreed on December 9 to write into national constitutions a rule that budgets have to be balanced or in surplus in structural terms. If they are not, automatic corrective measures would follow.
Such rules would sharply limit government borrowing, bring down debt and, euro zone politicians hope, help restore market trust in the sustainability of public finances.
But constitutional changes will take a year or more and markets want reassurance now that money invested in euro zone debt is safe, especially after banks were asked to accept a 50 percent loss on their Greek bonds in October as part of a second bailout of the country which sparked the debt crisis.
European leaders have belatedly insisted that the Greek case was unique and did not set a precedent.
To address market concerns that they do not have enough money to prevent the crisis from engulfing Italy and Spain, euro zone leaders brought forward by one year to July 2012 the launch of their 500 billion euro permanent bailout fund.
They also agreed to offer 150 billion euros in bilateral loans to the IMF to raise its crisis-fighting capacity.
Up to 50 billion euros more might come from non-euro zone European countries and possibly more from outside Europe.
Euro zone finance ministers will discuss at a Monday teleconference the draft text of the new euro zone fiscal compact so that it can be finalized by the end of January, EU officials said.
They will also consider the size of individual bilateral loans to the International Monetary Fund, in talks from 1430 GMT.
There are still doubts about this scheme. German central bank the Bundesbank said last week it would only contribute if non-euro zone and non-European countries did too and the level of outside commitment is not clear.
Another topic for discussion of the ministers on Monday will be the voting method in the euro zone's permanent bailout fund, the European Stability Mechanism (ESM).
Leaders decided on Dec 9 to abolish unanimity in ESM voting to prevent small countries blocking major decisions.
But Finland objects to the change, because to accept it the Finnish government would have to have a two thirds majority in parliament, which it does not have.
Leaders will decide in March if the combined lending capacity of the temporary fund, the 440 billion euro European Financial Stability Facility (EFSF), and the ESM, should be capped at 500 billion, or raised by the amount already spent by the EFSF.
"It is clear that in the short term, to fight the crisis of the single currency, the bailout instruments, such as the EFSF and ESM funds, must be reinforced," Italy's Grilli said.
Italy's austerity budget, vital for Rome's attempts to get its accounts in order and do its part to try to save the euro from collapse, enters its final stretch this week with unions still on the warpath.
SOLUTION "BEYOND REACH"
Market response to the December 9 summit has been cool, mainly because of the reticence of the European Central Bank to step up euro zone bond purchases and declare its willingness to do so.
"While acknowledging the extraordinary measures the ECB has adopted to provide liquidity to the European banking sector, its continued reluctance to countenance a similar degree of support to its sovereign shareholders undermines the efforts by euro area member states to put in place a credible financial 'firewall'," Fitch ratings agency said on Friday.
Other uncertainties also weighed.
"A week after the Brussels summit the basis of the agreement reached there has begun to unravel even more quickly than is normally the case," Emirates NBD bank said in a research note.
"Virtually all aspects of the deal appear to be being pulled and picked apart, from the degree of fiscal integration, the amount of firepower available for the bailout funds, and even to the support pledged to the IMF," the bank said.
"As a result the emphasis is likely to fall even more heavily on the ECB to keep the Eurozone system functioning."
The ECB, which is forbidden by EU law from directly financing government deficits, welcomed the December 9 agreement on more fiscal discipline in the euro zone, but doused expectations it would ramp up sovereign debt buying in return.
As a result, Fitch concluded that a 'comprehensive solution' to the crisis was technically and politically beyond reach.
COMMUNICATIONS NOT POLICY PROBLEM
Euro zone policymakers said ECB's role in the crisis was impossible to communicate clearly because of legal and political constraints. But they said the bank would not, in the end, allow the crisis to threaten the survival of the currency bloc.
A declaration from the ECB that it would buy unlimited amounts of euro zone bonds for as long was necessary would immediately calm markets, but would probably be illegal under EU law and would ease pressure on politicians to reform their economies.
"The ECB simply can't and won't say that, and it's very unreasonable to even expect it," one euro zone official said.
Instead, the bank was likely to keep quietly buying enough Spanish and Italian bonds to keep both countires on the market but with financing costs sufficiently high to pressure their lawmakers to quickly accept tough reforms.
"This is the most expensive approach, also not likely to work in the longer run, but still it is the only one possible," the euro zone official said.
ECB executive board member Lorenzo Bini Smaghi signalled the same in an interview published in Il Sole 24 Ore on Sunday, saying ECB bond interventions were very effective in specific situations when the market risked going into "tailspin".
But at the same time they created "perverse incentives" that reduced the pressure on single governments to adopt financial discipline, he said.
Instead of unlimited bond buying, the ECB will offer banks this week an opportunity to borrow money for three years for the first time, extending the current one year maximum ceiling for refinancing.
France hopes banks will use the money to buy euro zone bonds, and ease the upward pressure on yields, but Italy's Unicredit bank said last week this "wouldn't be logical" for banks under pressure to reduce risk and rebuild capital.
Fitch warned that six euro zone economies including Italy and Spain could be hit with credit downgrades in the near future. This is the second time in two weeks that the euro zone has been threatened with multiple ratings markdowns after a similar statement from Standard & Poor's.
Fitch said it might also cut AAA-rated France within two years. A poll showed French voters overwhelmingly fear serious damage to the economy if France loses its top rating, despite attempts by President Nicolas Sarkozy to reassure them such a blow would be surmountable.
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home > Economics papers > The Exploration of Mobile Communications Business Model in the 3G and B3G Period
http://www.economics-papers.com/?p=77855?Abstract? Spectrum is the basic of mobile communications industry and the carrier of the mobile communications service. Be similar to land and oil, spectrum is rare and important strategic resource. With mobile communications industry rapid development and the ?mobile, broadband and multi-media? trends in the evolution of mobile communications ,and applications expansion to radio, television, aviation, transportation and other areas, the demand for spectrum resources grows rapidly, spectrum resource is becoming increasingly scarce. Therefore, the mobile communications business model should have good spectrum economic character. That is, spectrum resource should be rational and effective used, in order to obtain the largest revenue from each Hz of frequency.In recent years mobile communications industry grows rapidly and technology upgrade is fast, the applications become increasingly wide and the demands become increasingly strong. The mobile communications market and operators? revenue keeps steady and rapid growth every year. In the past 1G and 2G period, operators adopt public-oriented and personal consumer applications business model, and this business model success with the industry?s rapid growth.In the coming 3G and B3G period, developing data services and promoting the value of ARPU is operators? primary strategy. With the broadband service scale promotion and the average bandwidth for per user substantial growth, the frequency resource scarcity and the system bandwidth limited problem will be highlighted. At the same time, compared with the narrowband service, broadband service occupied much more bandwidth and spectrum economic dropped significantly. This may leads to operators? revenue stop growing or even decrease. After using new technologies, system capacity increased, broadband services can be supported, but the benefits are less. It violates the original intention that is through the using new technologies to increase revenue, and pose a serious constraint on industry?s healthy, stable and sustainable development.This situation?s primarily source is about public users. As consumers, they care prices and can?t accept high price that matches broadband services? bandwidth. Therefore in the new period, it is necessary take appropriate innovation on the existing business model to maintain operators? revenue steady and rapid growth.This paper presents new business model which takes industry informationization as one of the industry?s future development direction. It will enhance the mobile communications? spectrum economy, increase operators? revenue. What?s more important, it can help to transform traditional industries and integrate information technology and industry production, optimize industry operating processes and improve production efficiency, and ultimately gain more revenue. Mobile communications? function in the country?s economic development will be expand to the entire industry, and then increase industry?s growth rate and enhance industry?s growth quality. In addition, it helps to transform the traditional growth model that mainly depends on the labor and capital to rely on technological upgrading, boosting economic growth transformation and core competitiveness improvement.At the same time, the thesis put forward the following recommendations for mobile communication?s future development: low price for narrowband services to encourage the public users use more such services; high price for broadband services to encourage the industry users use more such services. The public market, industry market forms the pattern that contains public information and industry information. Public network and private network support the public information and industry information of common development. Eventually mobile communication is enabled to promote industrial progress and service the public, achieving economic revenue and social benefit?s both improvements.
http://www.economics-papers.com/?p=77855Source: http://www.economics-papers.com/?p=77855
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DxO is better known for its embedded camera software and image-testing software, but the French company is increasingly sharing its expertise and strong academic ties with digital photographers. The results are little short of amazing, letting you get the most accurate and therefore lifelike images possible from your digital camera. Optics Pro 7 differs from most imaging software, such as Adobe Photoshop ($699, 5 stars) and its little brother, Photoshop Elements ($99.99, 4 stars), which offer lot of doodads to gussy up your photos. It also differs from professional workflow apps like Lightroom ($299, 4.5 stars) which offers an abundance of importing and organizing features. Instead DxO's $99 Optic Pro 7 can be thought of as a dedicated digital photo correction tool. It will be of interest not only to photography professionals, but also to enthusiast who want to get the most accurate images from their digital SLRs or high-end point-and-shoots.
DxO Optics Pro 7 does most of its work with simple-to-use automatic presets. Optics Pro 7's default is to use "modules" developed specifically for your camera body and lens combination.? To jump the gun on my evaluation a bit, my results were remarkable, particularly with raw camera files?the program can benefit JPG shots as well, but results on raw camera files are far more impressive. Optics Pro brought out submerged detail and eliminated obvious image noise and chromatic aberration better than Lightroom's similar equipment-specific correction. Lightroom's profile presets only correct geometric distortion, chromatic aberration, and vignetting. DxO adds noise reduction, color correction, and sharpening to Lightroom's, and DxO actually does a much better job at eliminating chromatic abberation.
Of course, these corrections depend on DxO having the data for your camera and lens in its database. Most popular DSLRs are represented, such as those made by Canon, Nikon, Pentax, and Sony, as well as some point-and-shoot models from the likes of FujiFilm, Panasonic, and Samsung. But if you have a lesser-known or not-really-enthiusast-level point-and-shoot, you're probably better off keeping your $99. The company expects to offer profiles for over 5,000 camera+lens combinations by the end of 2011, and 10,000 in 2012.
Unlike Adobe Lightroom, Optics Pro offers no workflow and few image-collection organization tools: There's no import feature at all?you simply choose a folder from the directory tree in the inaptly named Organize tab, the first one you start working in. Other software like Lightroom and Apple Aperture lets you apply adjustments and tagging during import. As soon as you open an image, Optics Pro applies its best-guess corrections, and if you do nothing more than accept this, your photos will be much improved from the default. I tested using raw image files from a Canon EOS T1i, a 7D, and a Sony a580.
Setup and Interface
DxO Optics Pro 7 comes in both Windows and Mac OS X flavors, and a free trial edition gives you access to its full feature set for 31 days. The 200MB installer creates only a 32-bit app on your system. That's one complaint I have with Optics Pro 7: for working with the huge photo files you get from high-end DSLRs these days, 64-bit would seem desirable. I tested on a quad-core 3.4GHz AMD Windows 7 64-bit system with 4GB RAM.
DxO Optics Pro 7's interface is clear, and mostly self-explanatory, with three tabs for its three modes?Organize (an overstatement), Customize, and Process. The first time you use any of these, an explanatory message box appears as part of the program's "first step wizard." Though it does let you rate images with 1 to 5 stars, DxO Optics Pro doesn't offer tons of organizational tools, the way Adobe Photoshop Elements or Lightroom do?forget things like face recognition, color coding, and extensive tagging.
During your first trips through the app, switching to any of the three modes pops up an explanation box, but you can disable these as you get more comfortable with the interface. As you'd expect, the image takes up the lion's share of the program window in the center, and below this a filmstrip-like image browser tray shows images available in the selected folder. Your mouse wheel zooms the main image view in and out. You can also fit the image to the window, set it to actual pixel size, or use a slider or percentage dropdown to zoom.
Cursor choices include a pointer, hand tool, and magnifier. Clicking the pointer over your image shows you the original, un-optimized image. You may be amazed by how much noise and other distortion appears when you click back to original. A double-image button lets you view the original and corrected images side-by-side, and the final toolbar item lets you choose a preset to apply.
Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/AGfwU8Dyt2M/0,2817,2397431,00.asp
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