Wednesday, August 31, 2011

Hens eject sperm from low-status roosters

Chickens have their own battle of the sexes, and scientists have discovered a secret strategy used by hens to control who fertilizes their eggs: After mating, hens can eject the sperm of less desirable, low-status roosters.

A new study has shown that, during an average ejection, a hen jettisons 80 percent of the sperm a rooster deposits in her reproductive tract. This has a huge impact on the competition among males fighting to father her future chicks, according to study researcher Tommaso Pizzari, an evolutionary biologist and university lecturer at Oxford University in the United Kingdom. ?

"It is beginning to appear females can play a much more subtle, but powerful, role in the battle for fertilization," Pizzari told LiveScience.com.

A few things to know about chicken sex : Both sexes are promiscuous, mating with multiple partners. Hens, however, often don't have a choice in mates. They prefer males at the top of the pecking order, but other roosters with lower status will force the hens ? about half their size ? to mate. Rather than attempt to fight off the undesirable mates, hens appear to have developed a more subtle way to reject them.

Scientists already knew that hens could eject sperm, but in the recent study, they set out to find evidence that hens were actively using this technique to control fertilization.

Using chickens from a flock that lived in a semi-feral setting, similar to their wild ancestors, the red jungle fowl, Pizzari and other scientists led by Rebecca Dean, who conducted the study while at Oxford and is now at University of Uppsala in Sweden, mated hens with various roosters; the scientists ranked roosters' social status from 1 to 6, with 1 being the most dominant. They then videotaped any sperm ejection that followed the mating and collected the results. To determine how this compared with the total sperm the roosters had deposited, the researchers captured all of their semen during another set of controlled mating attempts.

Their results confirmed that sperm from the least desirable, low-status roosters suffered the most for several reasons.

When mating with a series of roosters, hens ejected more semen from the later mates. Since lower-status roosters don't get the first shot at the hens, for this reason alone, their sperm are more likely to be ejected, Pizzari explained. But even controlling for mating order, status had a strong effect on whose sperm the hens kept. In addition, lower status roosters were more likely to ejaculate more semen in one shot, and the team found that hens were more likely to eject larger ejaculations.

"It is likely in more natural situations, subdominant males are disadvantaged in many ways," Pizzari said.

The study appears in the September 2011 issue of the journal The American Naturalist.

You can follow LiveSciencewriter Wynne Parry on Twitter @Wynne_Parry. Follow LiveScience for the latest in science news and discoveries on Twitter @livescience and on Facebook.

? 2011 LiveScience.com. All rights reserved.

Source: http://www.msnbc.msn.com/id/44329902/ns/technology_and_science-science/

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Tabarly Movie ? Travel and leisure Europe

One of the greatest ways to get a worldly view in any short amount almost daily is to travel Europe. Europe incorporates a rich multicultural history that will books often abandon. This is normally the chance to realize insight into many of the most interesting sections of human history since you travel The european countries. Each united states has its own unique story of distinctive ethnic communities just waiting so that you can explore.

Scandinavia offers Denmark, Finland, Iceland, Norwegian, and Sweden. While Danish, Complete, Icelandic, Norwegians and even Swedes make most. The Sami people on the far north are a small small section group. Their common clothing is actually a rich assortment of colors with the help of beautiful behaviours interwoven within the cloth. When you will travel Europe you obtain an opportunity to see the approach to life very few are aware of. Be sure to bring a coarse coat and even hat given that the far northern of Scandinavia is definitely cold anytime.

Europe is actually a never ending experience due to its amazing mixed and exhilarating countries. Europe is definitely noted to remain just about the most favored destinations on the globe. Europe expedition package delivers all vital information towards envisage special occasions in The european countries. Rijeka Croatia vacations It has become the continents on the world that is gifted with hundreds of richness and even beauty with almost any field on the life. The european countries tour bundle offers astounding architecture, the spectacular landscapes and many others in your voyage towards Europe.

Vienna is paradise to get music lovers as it had various top class musicians prefer Mozart and even Johan Strauss. Arequipa Peru holiday deals Typically the major destinations of Vienna will be Wienerwald, palace of Shonbrunn, Donau dog park, St. Stephans cathedral, prater additionally, the Karlskirche that happens to be very comman one of several forigeners. Tuscany is definitely another usually visited destinations in The european countries, it is found in the Linguarian sea additionally, the Tyrrhenian water. World famous tower about Pisa is the major attraction on the place. Almost all of the sky scrapers from this place are constructed of marbles. Eastern Thailand travel Usually visited towns, cities of Tuscany will be Florence, San Gimignano, Volterra and even Lucca.

Speed right from London merely under 200 miles sixty minutes to enjoy the excitement about Disneyland Paris, and afterward arrive back in London in period for toy tea and sleep!

Now I?m sure you might have done the software by plane replicate new train network beginning, but located at nearly 200 miles by the hour and absolutely no having to go to the station with a least not one but two hours to get security clearance is the reason why day travels and oh no- any of these 100 destinations can be performed faster as compared with by ticket!

Sometimes it is really nice towards just get away from it all of, and some travel agency will do just that. Before you will visit 1, though, consider this particular so you can get the most beneficial deal:

First, make of course you choose prepared. For those who show in place and fully understand nothing around airfare and even travel, the professional is more unlikely that to provide the most beneficial deal. Should you be spouting through facts (both declared and covered as questions), the person will give good results harder to obtain you the most affordable flight practical.

Source: http://www.tabarly-lefilm.com/2011/08/travel-and-leisure-europe/

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PFT: Bears try to clear up Taylor confusion

P. Hillis

The new Madden game is released at midnight, and it features Browns running back Peyton Hillis on the cover.

But Hillis says he isn?t thinking about the fact that his face will be on a plastic box that will get cast aside in millions of homes after the contents are placed in one of the various consoles on which it can be played.

?No, just because we are in the middle of football now and the regular season is in a couple of weeks,? Hillis said Monday.? ?We have our last preseason game.? I am more focused on that right now instead of the game.?

Still, he likes the fact that he was voted by fans to appear on the cover.

?It?s exciting,? Hillis.? ?I?ve been very blessed and I am kind of speechless at times, but you never can lose focus.? You never can stay enough humbled.? You just have to go out there and do what you can.? I am very grateful for the opportunity that I had, but it?s time to move on and get focused on more important things.?

Helping Hillis stay focused is the presence of Montarrio Hardesty, a second-round pick in 2010 who missed all of his rookie season with a knee injury.? Coach Pat Shurmur recently gushed about Hardesty?s potential.

?I know why [G.M.] Tom [Heckert] drafted him because I evaluated him when he came out,? Shurmur said Saturday.? ?I just had a different mailing address.? I think we?re starting to see what he is and was in college.? I?m hopeful that he?s going to get to that level.?

So what does Shurmur like about Hardesty?? ?I think he?s quick,? Shurmur said.? ?I think he?s got excellent vision.? Again, much like a lineman blocking in there, the holes and creases aren?t always large and you?ve got to be able to press it and jump through it.? I think he can do that well.? He has the instinct to run to daylight. I think he?s a solid guy in terms of his physique where he can be a good pass protector and I think he also catches the ball well.? That?s what we expect to see.?

If Hardesty stays healthy, the Browns could end up having a Warrick Dunn/Mike Alstott dynamic, possibly with both players on the field at the same time.? (Actually, given Hardesty?s size, it could be more like a Mike Alstott/Mike Alstott dynamic.)

?I think we?ve put in packages of plays that we can either run with a fullback and a traditional tailback, two tailbacks or two fullbacks,? Shurmur said.? ?How we use those guys would be based on who?s healthy and available each week.? If we have a roster where we?re going in and playing a game where Montario and Peyton are both available I think it makes sense to put them in there a small percentage of the time.?

For now, Shurmur can experiment with his H&H formations on Madden; Hillis provided the coach with a free copy of the game.

The only problem?? Hillis gave Shurmur a copy of the game for a system other than the system that Shurmur?s kid uses.

Source: http://profootballtalk.nbcsports.com/2011/08/29/lovie-smith-tries-to-explain-chester-taylor-confusion/related/

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Tuesday, August 30, 2011

Revive Your Relationships > Free Love & Relationships Ebook ...

Free?Love & Relationships ebook ?Revive Your Relationships? includes chapters on: Basic Needs of Relationships, Making Your Husband Wife Relationship Stronger, Improving Adolescent, 6 Tips for Strengthening Your Relationships, Secrets of Strong And Healthy Families and Things to Avoid Break Ups. Ebook comes with give away rights. Click ? Revive Your Relationships ? to download (406 KB pdf) or view this free Love & Relationship ebook.

Free Ebook Revive Your Relationships

Source: http://free-ebooks-canada.com/?p=2174

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Video: Weakness in Semis

Sorry, Readability was unable to parse this page for content.

Source: http://www.msnbc.msn.com/id/21134540/vp/44333571#44333571

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Obama says will unveil jobs plan next week (Reuters)

WASHINGTON (Reuters) ? President Barack Obama said Monday he would unveil proposals next week aimed at spurring job growth in part through infrastructure improvements.

Obama made the comment as he announced he had picked Princeton economist Alan Krueger as the new chief of the Council of Economic Advisers.

He said next week he would lay out a series of steps that the U.S. Congress can take immediately to put more money in the pockets of middle class families and put construction crews to work.

(Reporting by Steve Holland and Jeff Mason, Editing by Sandra Maler)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20110829/pl_nm/us_obama_economy_krueger_jobs

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Business Mortgage Loan On the web : Writing and Speaking

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Industrial Home mortgage Online
An industrial home finance loan is a home finance loan come to enhance your enterprise, to purchase new business oriented house while using the possible aid of ones current And innovative business oriented property as collateral for that bank loan pay back. A really personal loan is a great method of financing the new company or generating small business extension actions. A poster house loan on the web is an internet type of the house loan. It is easier technique for carrying out securing a home financing mainly because all the required information is readily available from the comfort of enhanced comfort the house while not having to stop by different companies physically.
A search on the net will provide you with numerous business banking companies that will provide you with a coordinator involving alternatives on that the best interest prices as well advice on any type of business oriented home loan online you possibly can utilize. Right until the past solely greater providers using a n established past document can get hold of industrial home loans. Though the world wide web movement right now you are aware about quite a few these kinds of professional banking entities prepared to give possibly small enterprises as well as people that have industrial mortgages on the internet.
There are many benefits of putting on and seeking to get company mortgage loan financial on the net. By using a web based research a person relates to recognize every one of the providers little or big which offer organization mortgage loan on the web. Additionally in the variety of organizations the marketplace is definitely an competing a single thus it can be known as the consumers current market right here, in which every single lender vies using the some other in supplying you with a company home finance loan home refinance on the net.
The standards regarding acquiring company house loans on the net, will be needless to say just like those of fliers and business cards. The actual pay day loan agency will verify your current monetary condition as well as value of the house which is to be mortgaged to the firm right up until the time scale with repayment. Informed advantage here as well, just like the industrial banking institutions authenticate you actually; the lending company will be able to examine a references, individual references plus the attention that business financial is it being naturally all on line.
Within the medieval times due to the stiffness regarding lending institutions, many companies were expected to depend on highly-priced short-run finances however with internet industrial loans the actual avoid is packed to get lesser companies. The web based information mill brimming with practitioner mortgage lenders who are able to provide the mortgage requirements of small business owners operator very.
The main a look at searching online, independent of the inconveniences associated with going to lenders is actually acquiring multiple quotes for a industrial loan for the mouse click. In fact it?s possible to spend less some huge cash plus worries through seeking a web based quotation. Most lenders using an on-line existence have an on the web style that you simply ought to refill and you will have a price through the company within time. Some websites offer a mortgage loan calculator where one can complete how much money is you desire and estimate by yourself the total amount you should pay by using month to month, every quarter or perhaps twelve-monthly instalments.
The methods with acquiring and also realizing your current private home loan, is pretty an uncomplicated on the net method. Some things illustrate a pace by means of move course of action with having a web-based industrial home finance loan.
Fill up a web based variety within the company?s website
* Refinance home finance loan officials determine your individual needs, after which match them with the best deal from the table connected with loan providers.
In the event the mortgage loan is approved, the violence of the consent with rule will be send out for your requirements occasionally in just 24 hours of the app.
3 . Professional underwriters in that case show you through the personal loan practice; briefing yourself many of the personal facts along with documents necessary when giving you the loan you wish within the speediest probable moment.
One of the benefits with regards to picking an industrial mortgage on the internet is that one could take a look at and try away numerous corporations as you would like without having sense cumbersome or becoming within any liability. Additionally the approval process happens to be absolutely free. Therefore just take advantage of the effortless processing on-line in obtaining an industrial mortgage loan on line.

Written by: Dan on August 29, 2011.

Posted by Dan on Monday, August 29, 2011 at 1:27 pm?
Filed under Article Marketing ? Tagged with Bank Loan, Best Interest, Business Banking, Business Mortgage, Calculator Mortgage, Commercial Mortgage Calculator, Current Market, Different Companies, Finance Loan, Home Finance, Home Financing, Home Loans, Home Mortgage, Innovative Business, Internet Type, Mortgage Loan, New Business, Personal Loan, Web Based Research, Web Movement

Source: http://www.theyellowads.com/writing_speaking/business-mortgage-loan-on-the-web

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Monday, August 29, 2011

How To Settle The Problem Of Excessive Addiction - Articles-now.com

The talk about addiction never seems to cover being addicted to the chocolate which is one of the most affordable and socially acceptable items on earth. Whenever one thinks of the word ?addiction,? people start imagining hard chemical stuff and they cannot see a picture of a person who is so dependent on chocolates that they actually need help and support. Here are three tips on how to get a chocolate addict on a road to kicking off addiction for good.

You must first come to terms with the realities of the situation. It is usually said that whatever happens in this life has a root cause. Addiction to chocolate is quite the same.

So face the situation frankly and sincerely that there is need for something to be done and open a page where you can record every step of the journey to self improvement. Well, eating chocolate is nothing one should be ashamed of till it starts to get out of hand.

Self reflection and realization will show you how and why you started this habit. On checking back, you will certainly see how the addictive pattern is repeatedly manifesting and what actually triggers it. It could be something to do with the emotions and feelings. For example if you notice that you have this craving at certain periods only; during which you would reach for a bar of chocolates and afterwards would feel perfectly alright.

Immediately you get to this realization, you begin to see how the patterns in your life like loneliness, heartbreak, and melancholy for example were responsible for your predicament. These are the things you need to put down on paper from today so that you can now start taking new steps towards a wholesome life.

It is some of these feelings in your past that you would have to jot down on the notepad this very instant so that the work of recovery may begin straight away.

It is worthwhile to know that this is the beginning of a journey to self fulfillment because you will now be able to deal successfully with the root cause of the addiction.

The journey might take several weeks or months, but your satisfaction should lie in the fact that finally you are dealing with a situation in your life that could have led to disastrous results.

The writer also frequently writes regarding products including DLP lamp replacements and overhead projector bulbs.

Source: http://www.articles-now.com/2011/08/how-to-settle-the-problem-of-excessive-addiction-to-chocolates/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-settle-the-problem-of-excessive-addiction-to-chocolates

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A look at Irene's wake _ and what's ahead (Providence Journal)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/128220321?client_source=feed&format=rss

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Sunday, August 28, 2011

Spice up Thursday with Art After Dark at Norton Museum | Palm ...

By Post Staff ??|??Arts and Culture??|??August 26, 2011

Where do culture and entertainment meet?

At the Norton Museum of Art on Thursday nights.

The popular Thursday evening event Art After Dark continues from 5 to 9 p.m. with another creative alternative for your same-old-thing Thursday. This family-friendly event can help introduce your child to the world of fine visual art with docent-led tours and do-it-yourself art activities.

This week, from 5-7 p.m., Micheal McCleary performs an acoustic set. The Datura Street Band takes over at 7 p.m.

The 5:30 p.m. pbpulse tour features Out of This World: Extraordinary Costumes from Film and Television, which closes Sept. 4. The 6:30 p.m. docent-led tour features Impressionism in France and the United States.

And Caf? 1451 can be counted on for something delicious. This week they?ll have a happy hour menu with two-for-one drinks.

When: 5-9 p.m. Thursday

Where: 1451 S. Olive Ave., West Palm Beach

Admission: Free for members; $12 adults, $5 ages 13-21, free for younger than 13

Info: (561) 832-5196; norton.org

Source: http://www.pbpulse.com/arts-and-culture/2011/08/26/spice-up-thursday-with-art-after-dark-at-norton-museum/

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Fahrenheit 451, A Dystopian Vision of Future ? International Business

Ray Bradbury, who authored books in genres like scholarship fiction, anticipation and horror, including Fahrenheit 451, incited 91 on Aug. 22.

Fahrenheit 451, a dystopian novel, was primarily published in a shorter form as The Fireman in 1953. The tiny novel presents a destiny American multitude in which the masses are riotous.

ac840 150881 Fahrenheit 451, A Dystopian Vision of Future ? International Business Times

Ray Bradbury

The plot is set at a destiny time when anarchy is prevalent in American streets. From teenagers shrill automobiles into crowds, to firemen sport animals for the elementary and unusual pleasure of examination them die, it is a multitude that has mislaid self control.

Books are banned, and anyone trapped reading or possessing one is cramped to a mental hospital.

Bradbury was ?raised in libraries,? aspired to be a illusionist and a writer, and yes, he prefabricated his dream come right. He became both.

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Bradbury, who served as the artistic consultant on the United Says Pavilion at the 1964 World?s Honest, hosted the syndicated TV array The Ray Bradbury Theatre, from 1985 to 1992. Many of his works are famous to have desirous films, TV scripts, broadcasting programs and comic books.

In 2000, the Illinois local was awarded the National Book Foundation?s Medal for Distinguished Contribution to American Letters.

Tags : Business, dystopian novel, fahrenheit 451, form, Future, ray bradbury, ray bradbury theatre, science fiction fantasy, society, Times

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Source: http://stevenhilldesign.info/fahrenheit-451-a-dystopian-vision-of-future-%E2%80%93-international-business-times-148.php?utm_source=rss&utm_medium=rss&utm_campaign=fahrenheit-451-a-dystopian-vision-of-future-%25e2%2580%2593-international-business-times

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Real estate Investing Business Plan

If you would like to turn out to be a real estate giant, you need to comprehend how to prepare a real estate investing enterprise program. It aids you realize zadaszenia basenow success within stipulated time.
Property is among the booming sectors and all people wants to generate a mark here. There is many contest and solely individuals using vision, interests, and capacity to do the job challenging can realize this success. In this area, among the a lot crucial items a businessman should be aware of, is a real estate investing enterprise program. It basically comes with making a published outline that evaluates the economic viability of the enterprise undertaking being founded on real estate investment. It aids you describes the objectives, that is which you would want to realize from this particular enterprise undertaking. It also aids you focus on the objectives, goals and targets.

A carefully created real estate investing enterprise program can also assist you attract more lenders, investors, and banking institutions. It can make you look neat, home and reliable, which is very important for the investors so that they can belief you and think in the abilities. It also aids you find out probable weaknesses and weaknesses in the program that you can boost upon. So you comprehend how crucial is a enterprise program for real estate investing. Due to below is a enterprise program web theme that may assist you produce the own.

Sample Property Investing Business enterprise Strategy

Executive Summary
In this area, you are meant to draft the over the long term vision and mission of the enterprise undertaking. Here the could provide the reader using campaign brief intro to the total enterprise program. As the identify suggests, you could pen lower the overall enterprise program in a summarized manner. You need to also point out the objectives and start-up details as well as most common information about the enterprise.

Producer Qualifications
In this area, you could draft about the total background of the company, the individuals associated using the company and its voyage so far. The kind of ownership of the company, something about the proprietors of the company, and so forth., also should be talked about here. Successes of the company so far. If its a new company, then why and how the company is established, who is it inspired by, and so forth., should be talked about in this area.

Marketplace Explore and Business enterprise Strategies
Here you could draft about the target marketplace, potential clients and real estate funding status, and so forth. You could give the in depth outline of the real estate investing marketplace you would like to help. Apart from this, you could also point out about the knowledge about the marketplace and how may you prefer to help the difference. You could also draft about the enterprise model you possess currently established or preparing to design. Additionally point out the enterprise approaches you possess created being founded on the marketplace research analysis.

Marketing plan
Here you could fototapety point out everything about real estate marketing strategy which includes how you are heading to marketplace the new enterprise. Offer in depth information about marketing and marketing approaches, which includes which channel you will choose to advertise, how generally you may interact in this activity, how considerably finances is designated for advertising, and so forth. And to determine these items you need to study the opponents and determine the USP and program accordingly. All this has be talked about in this program so that audience come to comprehend about the viability of the enterprise program.

Financial Strategy
You need to draft how you are heading to begin this enterprise undertaking and from where the initial income returning from. You also need to point out the probable revenue and loss you are expecting. You need to characterize the total begetting program using satisfactory details. Additionally point out the sales projection and implementation plans of all the projects. Doing so aids the investors ensure that you are not involved in any illegal endeavours and its secure to be associated using you.

Assumptions
In this area you may point out the assumptions connected with the enterprise undertaking and the marketplace. For example, you can generate assumptions about the interest percentages or growth percentages and so forth being founded on the background research of the marketplace and the enterprise program. Doing so aids the investors realizes the confidence level and the calculated risk calculation abilities. It also give them a chance to comprehend about the considering approach and the perception about the marketplace.

Management Summary
In this summary you could enchantment and inspire the individuals to help you. Doing so is rather related to cinching statement where you could point out that objectives are practical and you possess the workforce and approaches to travel these objectives. You have to draft this endure piece in such way that the faith in this enterprise undertaking should be viewed obviously from the words. You could encouraging and regressive vocabulary that may generate the audience stay the dream.

It is possible to obrazy personalize the over real estate investing enterprise program web theme as per the must and choice. Use a catchy and easy vocabulary that is straightforward to understand. A rightly and precisely created created real estate investing enterprise program is sure fetch great success to you.

Related posts:

  1. Investing For The Rest of Us: Estate Taxes And Your Government Absent From Function
  2. Totally Free Worldwide Real Estate Listings For Traders And These Considering Renting
  3. Obtain Funded through Angel Match Traders Who Match Your Business Plan
  4. Are You Searching For an Alternative to Your Real Estate Property Employment?
  5. The purchase of a Bank Real estate foreclosure ? Can it be a lot?

Source: http://www.erikgoldhar.com/real-estate-investing-business-plan/

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Saturday, August 27, 2011

21st Century Astrology [VHS] | Arts & Entertainment

[unable to retrieve full-text content]Year of the Rabbit Personal Characteristics Silk Screened on the Back as follows: RABBIT: 1915 1927 1939 1951 1963 1975 1987 1999 2011 2023 Wise and.

Source: http://artsentertainment.mambablogs.com/astrology/21st-century-astrology-vhs/?utm_source=rss&utm_medium=rss&utm_campaign=21st-century-astrology-vhs

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Investors sanguine as Apple's Jobs steps aside (Reuters)

SAN FRANCISCO/NEW YORK (Reuters) ? Apple Inc's first day without Steve Jobs as chief executive looked awfully similar to most other days: its share price beat the broader stock market.

In announcing he could no longer fulfill his duties and would resign as chief executive, Jobs made headlines worldwide and raised questions about the future of a $350 billion company that revolutionized computing and consumer electronics.

One headline, in Brazil's O Globo newspaper, declared: "Steve Jobs created our world."

Investors took the shift in stride, expressing confidence in Apple's product pipeline, managers and newly appointed CEO Tim Cook, who promised the company would stay the course.

"Steve built a company and culture that is unlike any other in the world and we are going to stay true to that -- it is in our DNA," Cook, 50, wrote in a memo to staff.

Shares closed down less than 1 percent at $373.62 and outperformed the major stock indexes. Shares are up nearly 57 percent in the past year and remain a favorite of analysts even in the absence of Jobs. At least 13 brokerages maintained their stock price targets in research notes issued Thursday.

Often mentioned in the same breath as Henry Ford, Thomas Edison or Walt Disney, Jobs is credited with bringing Apple back from the brink of disaster. Since his return to Apple in 1996, after an absence of more than a decade, the company's stock price has climbed roughly 9,000 percent.

In recent years, Jobs' battle with pancreatic cancer has been of deep concern to Apple fans and investors. Jobs, 56, who has been on medical leave since January, will become chairman.

"Over the course of last year, investors have become more comfortable with the idea of life after Jobs," said Edward Jones analyst Bill Kreher. "I think it is encouraging that he will remain with the company as chairman, but the real story is that Tim Cook has emerged as a capable successor."

Cook, a former Compaq executive and an acknowledged master of supply-chain management, has taken over the helm in each of Jobs' three health-related absences, including his most recent one starting January 17.

His first big test could come as early as next month, when, according to a source, Apple is planning to introduce the iPhone 5 -- the sort of occasion that Jobs the showman could turn into a spectacle.

Cook, who was chief operating officer, is typically more low-key in public and around the office, according to those who have worked for him.

"Tim is an extremely analytical, methodical leader, data-driven, objective and unemotional," said one former Apple executive. "That is in contrast to his former boss."

Jobs briefly emerged from his leave in March to unveil the latest version of the iPad and later to attend a dinner hosted by President Barack Obama for technology leaders.

Yet his gaunt appearance sparked questions about how bad his illness was, and his ability to continue at Apple.

"I will say to investors: 'Don't panic and remain calm -- it's the right thing to do. Steve will be chairman and Cook is CEO," said BGC Financial analyst Colin Gillis.

Jobs did not give details on the state of his health. But oncologists who have not treated the Apple founder said he could be facing several problems tied to his rare form of pancreatic cancer and subsequent liver transplant.

Such problems include possible hormone imbalances or a recurrence of cancer that is harder to fight once the body has been weakened.

Jobs' privacy when it came to health matters often frustrated investors and employees. Even board members have confided to friends their concern that Jobs, in his quest for privacy, was not being forthcoming with directors about the true condition of his health.

"I think a lack of clarity of its succession plan in the past has been a distraction so we appreciate that this plan represents a smooth and orderly transition," Edward Jones' Kreher said.

As Apple chief, Jobs earned a reputation for commanding every aspect of operations -- from day-to-day running to broad strategic decisions. Even the front yard of his home in Palo Alto, California, is dotted with Apple trees.

In the process, he won widespread respect from rivals and drew comparisons to other iconic business leaders.

"As a competitor, Jobs has clearly raised the bar for all of us in the industry and helped reset what personal computing is," said Todd Bradley, executive vice president of Hewlett-Packard's Personal Systems Group.

"At the same time, Steven's board have built a transition plan and we will continue to view them as an aggressive competitor."

(Additional reporting by Bill Rigby, Alexei Oreskovic, Sarah McBride and Jim Christie in San Francisco; Edwin Chan, Lisa Richwine and Nichola Groom in Los Angeles; Peter Lauria, Liana B. Baker, Jennifer Saba and Tiffany Wu in New York; Brian Winter in Sao Paulo; Tarmo Virki in Helsinki; and Georgina Prodhan in London)

(Editing by Maureen Bavdek, Derek Caney and Robert MacMillan)

Source: http://us.rd.yahoo.com/dailynews/rss/enindustry/*http%3A//news.yahoo.com/s/nm/20110826/media_nm/us_apple

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A few Fantastic Health and fitness Suggestions | Sildenafil | Viagra

Posted on August 24, 2011

by:bimaToH68

Overview of hypertension.Maintaining healthful is important, no matter what age that you are. It really is important to take steps to be effective in your physical fitness throughout your entire life. Questioning where one can commence? Nicely, allow me to share A few fantastic health and fitness guidelines that you can use to successfully remain healthy and also match all your life.

Tip #1 * Get Moving * To begin with, if you need to stay healthy and also healthful, you need to get moving. Each day you have to think about ways you can planning buy a body who is fit. There are many small things that you can do to keep transferring each day. Although exploring gymnasium a very good idea, you don?t need to commit one hour that the gym has in order to get your activity that you need. Take the time to accept puppy for the go walking, trim your own personal garden, go ahead and take steps, car park even further within the car park, or perhaps to try out along with your children. This will help you to get the physical exercise that you need often which is additionally just the thing for reducing your tension amount also.

Overview of hypertension.Tip #2 * Cut Back body fat * Another critical tip to keep in mind to keep fit and also health would be to just be sure you reduce the fat in your daily diet. Bad body fat can result in a variety of different actual problems that could end up haunting a person because you age group. Consequently, commence reducing your deep-fried food from the diet, along with take out and even fulfills that are greasy, for example lean beef, sausage, salami, and even crazy. You should restriction dairy food too and also take in lower fat goods rather. Reduce your sauces, lunchtime meats, butter, and also mayonnaise that you just take in too. Actually eat low fat and you?ll definitely harvest the huge benefits.

Tip #3 * De-Stress * Get eliminate some of the tension in your life. Anxiety can result in a variety of medical problems. Invest some time enjoying yourself each day, for example playing songs, having a scorching bath tub, a long go walking, or perhaps reading. Meditation will also help you out of trouble too.

Tip #4 * Stop Smoking ? One of the most severe issues that that you can do to improve your health would be to smoking. If you wish to become better, then one of the most useful issues that that you can do to improve your health would be to give up smoking. Whenever you smoking a person enhance the risk for the various horrible illnesses, thus go ahead and take actions to give up as soon as you could.

Tip #5 * Beverage More Normal water * A lot of people will not consume adequate drinking water each day also it shows inside their physical fitness. If you wish to become healthy and fit, and then drinking water is an important part of one?s diet. You ought to be drinking no less than 8-10 cups each day, plus much more when you?re exercising. One?s body needs drinking water to get healthful, as well as the much more a person stay hydrated, your better you will end up.

Overview of hypertension.These are simply A few fantastic health and fitness guidelines that could really make a difference in your life. Nothing at all could exchange your wellbeing, thus take time to try this advice so that you can improve your health forever.

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  5. Improve Your Health and Physical Fitness With These Top Tips

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Source: http://www.sildenafil.vg/2011/08/a-few-fantastic-health-and-fitness-suggestions/

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Russian cargo flight to space station crashes: report

MOSCOW | Wed Aug 24, 2011 12:17pm EDT

MOSCOW (Reuters) - A Russian spacecraft supplying six astronauts aboard the International Space Station failed to reach orbit on Wednesday and burned up in the atmosphere, its debris crashing in Siberia, Interfax news reported.

"The cargo spacecraft Progress, which did not reach orbit, crashed on the territory of (Russia's) Altai republic," Interfax quoted a local law enforcement source as saying.

The agency earlier reported a space industry source as saying that an "emergency situation" had arisen shortly after the cargo ship's launch from the Russian-leased Baikonur launchpad in Kazakhstan at 1300 GMT (9 a.m. ET) on Wednesday.

(Reporting by Alissa de Carbonnel, editing by Thomas Grove)

Source: http://feeds.reuters.com/~r/reuters/scienceNews/~3/NTLCxtueLhI/us-russia-space-idUSTRE77N4F520110824

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Friday, August 26, 2011

Fast Ethernet And Its Different Uses | Telecommunications, Internet ...

Fast Ethernet was initially created in nineteen ninety five as a quicker version of Ethernet. It operates about ten times as quickly as the original version was able to. Since it was created a new faster form of the technology called the gigabit has been created. It is a key part in making the local area network function properly.

The technology was first created by the Xerox Company. Data is passed through networks using special fiber optic cables. This technology has significantly improved the way that we communicate with each other within a network. It is the part that connects the people as well as the different devices in the networks. People can now view information from across the country instantly by utilizing the system.

Personal use of the technology is being used throughout households now. It can be used to sync up multiple computers that a house may have. This enables a connection to the internet on more than one computer in the house. Other household devices like printers are also connected with this technology. From large companies, to schools, or just the average household, many people perform many of their function by utilizing this technology.

The system was first developed because somebody over at Xerox wanted their printer to be able to communicate with their computer. The technology allowed them to just that as well as allow people to sent different types of data to each other. It was made more efficient with the introduction of Ethernet addresses. It operates much like a home address except it is for computers and various networking devices.

Most computer devices today utilize this technology in some way or another. The cable is the most widely used and understood form of the technology. It is the cable for the most part that was and in many cases is the foundation of the system. Networks use the cable to transport data to different users and devices. The cable is probably the most well used form of the technology however other products are also used.

The cable can be thought of as the hardware of this technology. Along with most hardware there is usually some sort of software. The protocol or code that is used could be referred as the systems software. The system needs to know where to send the data to. This is where a computer or a devices address comes into play. If you send a piece of mail without an address the postal worker would not know where to send it, computers are the same way.

With all of the different networks and hardware out there the amount of cable can some times get out of hand. Today there are wireless versions of the technology being made. You may have heard of a wireless printer or mouse. If you are dealing with a very complicated network system this could make things much easier. Wireless can be much easier as well as more convenient to use.

Fast Ethernet has been utilized by a large amount of networks no matter what their size may be. It has become the backbone through which computers as well as computer operated devices are able to function properly.

Source: http://solveforce.com/telecom-blog/2011/08/26/fast-ethernet-and-its-different-uses/

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Source: http://pets69.com/pet-article/dog/cheap-and-cheerful-pet-dogs-grooming/

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Panel: Captain who made videos can stay in Navy (AP)

NORFOLK, Va. ? The former commander of a nuclear-powered aircraft carrier who produced raunchy videos aboard the USS Enterprise can remain in the Navy despite a finding that he committed misconduct, a Navy panel ruled Wednesday.

Capt. Owen P. Honors let out a sigh of relief after the board of inquiry read its decision, then embraced his wife after months of uncertainty about his career largely came to a close. The board was deciding whether to recommend to Navy Secretary Ray Mabus that Honors should be kicked out of the Navy after nearly three decades of service because of the videos. Among other things, the videos included simulated same-sex shower scenes, anti-gay slurs and references to prostitution in foreign ports.

Honors also faced the possibility of losing hundreds of thousands of dollars in retirement benefits if he had been forced out under a different pay grade.

"O.P. is pleased," Honors' attorney, Charles Gittins, told reporters following the hearing. "Retention is a big deal. He has the advantage now of leaving now on his terms."

Honors was removed as the carrier's top officer in January days before a scheduled deployment after several of the videos were leaked to media outlets. He was reassigned to administrative duties because of the videos and Honors believes an officer he had recently disciplined on the ship was responsible for the leak, which he considers an act of revenge.

It was not immediately clear what jobs Honors' may hold in the future, but it is unlikely he would return to the Enterprise. A new commanding officer took control of the ship last week, replacing the commanding officer who was called in for a six month deployment following Honors' dismissal.

Honors said the videos were made to improve morale while teaching important shipboard lessons, such as water conservation. He helped produce and appeared in the videos that aired on the ship's closed circuit television network between October 2005 and December 2007, when he was the ship's executive officer.

Maintaining morale is part of the executive officer's job and by all accounts the videos were wildly popular with the crew. They were shown to thousands of sailors each Saturday night before a feature length film Honors' had chosen and many sailors proudly agreed to appear in them. One of the women in a same-sex shower scene ? who at the end of the video was shown to be clothed ? said she had even shown the video to her parents.

Honors is one of a number of commanding officers fired from the job by the Navy this year, but his case has drawn by far the most attention. Clips of the videos have appeared on national television, providing a significant source of embarrassment for Navy leaders.

Gittins said convening the board hearing was politically motivated.

"The only reason we are sitting in this room is because the press made a big deal about it," Gittins told the three rear admirals who comprise the board during closing arguments.

In its unanimous decision, the panel agreed that Honors committed conduct unbecoming a naval officer, failure to demonstrate acceptable qualities of leadership and substandard performance.

The board did not elaborate on why it found Honors had committed those offenses but should remain in the Navy. The government had been asking that Honors be honorably discharged.

Cmdr. Michael Luken, who was effectively acting as a type of prosecutor, said during closing arguments that Honors clearly committed conduct unbecoming of a naval officer when he mocked the ship's combat systems officer in front of thousands of sailors viewing the videos aboard the ship. In one video, a toy parrot says he couldn't drink enough alcohol to go get a massage with that officer.

"It is unrefutable that this was inappropriate material for an executive officer to put across the ship," Luken said.

The Navy declined to make Luken available for comment.

Although Honor's career won't come to an abrupt halt for disciplinary reasons, it is still possible he won't remain in the service much longer. Honors is among those the Navy is considering for early retirement as it thins out its ranks to cut costs.

The selective early retirement board reviews certain sailors' service records to determine who should leave the Navy, and a censure letter from Mabus that is already in Honors file because of the videos is likely to work against him. During testimony on Tuesday, Honors said he felt like he had a target on him because of the video incident.

By law, officers selected for early retirement by the board must retire no later than the first day of the seventh month following Mabus' approval of its recommendations. The target date for that approval is Sept. 1.

__

Online: Honors' website: http://captowenhonors.com

USS Enterprise videos and investigation: http://usfleetforcesfoia.info/enterprise_investigation.htm

Brock Vergakis can be reached at http://www.twitter.com/BrockVergakis

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20110824/ap_on_re_us/us_lewd_navy_video

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Thursday, August 25, 2011

Learn English with SpeakingPal English Tutor for iPhone and iPad

SpeakingPal English Tutor is a new iPhone and iPad app that teaches you how to speak English. It uses speech recognition and each session is less than 2 minutes long, making it a quick way to brush up on your English skills. Learning to speak English has... More →

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/s9GmHkXPSmU/

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Middle East Recruitment Consultants in Dubai Advice - Your Foreign ...

?Easy money? will be the allure that captivates several starting Foreign exchange traders. Foreign exchange web sites offer you ?risk-free? investing, ?high returns?, ?low expense.? These statements possess a grain of truth of the matter in them, however the actuality of Foreign exchange is really a bit much more complicated.

Errors From the Starting Trader

You will find two frequent errors that several newbie traders make: investing without having a technique and letting feelings rule their choices. Soon after opening a Foreign exchange account it could be tempting to dive proper in and start out investing. Observing the actions of EUR/USD by way of example, you might really feel which you are letting an chance pass you by in case you do not enter the marketplace right away. You get and view the marketplace shift from you. You panic and promote, only to find out the marketplace recuperate.

This type of undisciplined strategy to Foreign exchange is assured to shed dollars. Foreign exchange traders need to possess a rational investing technique and never make investing choices inside the warmth of your second.

Knowing Marketplace Actions

To create rational investing choices, the Foreign exchange trader need to be nicely educated in marketplace actions. He need to have the ability to use technical research to charts and plot out entry and exit factors. He need to make the most of the a variety of kinds of orders to reduce his threat and increase his earnings.

The very first phase in turning out to be a effective Foreign exchange trader is always to realize the marketplace and also the forces driving it. Who trades Foreign exchange and why? This can permit you to determine effective investing techniques and rely on them.

Accountability

You will find five key teams of traders who take part in Foreign exchange: governments, financial institutions, companies, expense money, and traders. Every single group has its very own goals, but one factor all teams other than traders have in frequent is exterior manage. Just about every business has guidelines and suggestions for investing currencies and might be held accountable for his or her investing choices. Person traders, however, are accountable only to on their own.

Substantial organizations and educated traders strategy the Foreign exchange with techniques, and in case you desire to be successful as being a Foreign exchange trader you have to adhere to fit.

Dollars Administration

Dollars administration is surely an integral component of any investing technique. Aside from realizing which currencies to trade and the way to understand entry and exit indicators, the effective trader needs to handle his sources and integrate dollars administration into his investing program recruitment agencies in the middle east .

You will find a variety of techniques for dollars administration. Several depend around the calculation of core equity ? your beginning stability minus the dollars utilised in open up positions.

Core Equity And Restricted Danger

When getting into a situation attempt to restrict your threat to 1% to 3% of each and every trade. This indicates that should you be investing a normal Foreign exchange great deal of $100,000 you ought to restrict your threat to $1,000 to $3,000. You do that having a quit reduction buy a hundred pips (one pip = $10) over or beneath your entry situation.

As your core equity rises or falls, modify the dollar quantity of the threat. Having a beginning stability of $10,000 and one open up situation, your core equity is $9000. For those who want to include a 2nd open up situation, your core equity would drop to $8000 and you ought to restrict your threat to $900. Danger inside a 3rd situation will need to be restricted to $800 placement consultants in bangalore .

Higher Revenue, Higher Danger

You must also increase your threat degree as your core equity rises. Soon after $5,000 earnings, your core equity is now $15,000. You can increase your threat to $1,500 for each transaction. Alternatively, you can threat much more in the earnings than in the authentic beginning stability. Some traders could threat as much as 5% from their recognized earnings ($5,000 on the $100,000 great deal) for higher earnings prospective recruitment companies in dubai .

They are the types of strategic techniques that permit a newbie to obtain a foothold on rewarding investing in Foreign exchange.

Source: http://software45.com/middle-east-recruitment-consultants-in-dubai-advice-your-foreign-exchange-investing-philosophy/

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Brad Pitt models long, scraggly hair for NY mag

Angie's man is growing out his locks ? and he looks like a skater boy!

In a stark new photo shoot for New York magazine, a broody-looking Brad Pitt shows off long, scraggly hair as he looks off into the distance.

PHOTOS: A history of Brad Pitt's facial hair

Pitt, 47, tells the magazine about his long and winding quest to get the flick "Moneyball" ? out this fall ? made.

Angelina Jolie's longtime partner signed on to star in the project back in 2007 and "became obsessed," he admits. "I saw it as a story about justice," he says of the true-life baseball flick. "How is a team with a $40 million payroll going to compete with a team with a $140 million payroll and another $100 million in reserves? Any talent they grow is going to get poached by the rich teams. That became really interesting to me."

PHOTOS: Brad's cutest moments with his eldest son Maddox

Even when his friend, acclaimed director Steven Soderbergh, left the film project after much internal drama, Pitt remained dogged about the film. "I just couldn't let it go ... I don't mind the struggle as long as the work amounts to something in the end."

PHOTOS: His sexiest real-life moments with Angelina

Pitt also has high praise for his costar Jonah Hill. "Jonah's a revelation in this thing ? he's a study in reserve ... really strong work."

Copyright 2011 Us Weekly

Source: http://today.msnbc.msn.com/id/44241842/ns/today-entertainment/

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Wednesday, August 24, 2011

Can Exercise Possibly Be Making Back Pain Worse? ? Health & Fitness

According to a December 16, 2009 article in Science Daily, People who use weight training to ease their low back pain are better off than those who choose other forms of exercise such as jogging, according to a University of Alberta study.

The study that was presented in the Science Daily was done in conjunction with the University of Regina. The research study showed a 60 percent improvement in pain and function levels for people with chronic backaches who took part in a 16-week exercise program of resistance training using dumbbells, barbells and other load-bearing exercise equipment.

?In contrast, people who chose aerobic training such as jogging, walking on a treadmill, or using an elliptical machine to ease their back pain only experienced a 12 percent improvement, said Robert Kell, an Assistant Professor of Exercise Physiology at the University of Alberta, Augustana Campus.? Researchers believe they achieve better pain management results with resistance training because they are using a whole body approach. On the contrary, aerobics training generally works just the lower body.

According to a study done by the University of Alberta, if you suffer with lower back pain, you should exercise more and not less. In this study, 240 men and women with chronic back pain who exercised four days a week had 28% less pain and 36% less disability, while those who exercised two or three days a week did not see this change. Isn?t it amazing what a day or two in the gym can do?

The study showed working with weight resistance four days a week provided the greatest amount of ache relief and quality of life improvement overall. Here is an important note: ?Working with weights? is a very relative term. Before you start any exercise program, you should see a qualified doctor of chiropractic for a pre-workout examination. All workouts should be designed to suite your individual case and needs. The chiropractors at New Century Spine Centers in San Diego help many patients with back and leg pain.

Looking to find the most up to date information on chiropractic, then visit www.BackCareTreatment.com to find the best advice and request a free video on back pain for you.

Source: http://health.blogmeout.net/2011/08/can-exercise-possibly-be-making-back-pain-worse/

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Today?s CBO Report: What Does It Mean? (Powerlineblog)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS and RSS Feed via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/127391627?client_source=feed&format=rss

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Showtime orders new TV pilot programs (Reuters)

NEW YORK (TheWrap.com) ? Cable TV network Showtime has ordered pilot programs from "The Last Exorcism" co-writer Andrew Gurland, "The Pacific" writer-producer Michelle Ashford, and "Southland" creator and "Public Enemies" writer Ann Biderman, the network announced on Monday.

Gurland's project, "Gurland on Gurland," is a half-hour comedy about his real family life and career challenges. The filmmaker won the Grand Jury prize at Sundance for his first film, "Frat House," which he co-directed with "The Hangover"'s Todd Phillips. Glenn Gordon Caron ("Medium," "Moonlighting," "Now and Again") will executive produce the CBS Television Studios production.

Ashford's pilot, "Masters of Sex," follows the unusual relationship of two pioneers in the study of human sexuality who helped set off the sexual revolution. It is based on the book "Masters of Sex: The Life and Times of William Masters and Virginia Johnson, the Couple Who Taught America How to Love" by Thomas Maier. Sarah Timberman and Carl Beverly ("Justified," "A Gifted Man") will executive produce for Timberman-Beverly Productions, and the pilot will be produced by Sony Pictures Television.

Biderman's "Ray Donovan" is a dark but occasionally comedic drama about a Los Angeles "fixer" beleaguered by family problems. Mark Gordon ("Saving Private Ryan," "Criminal Minds," "Grey's Anatomy") will executive produce.

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/nm/20110822/tv_nm/us_showtime

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Illegal immigrant sues Alabama over legal defense | The Associated ...

An illegal immigrant who pleaded guilty to murder is suing Alabama officials, claiming the defense he received at taxpayer expense was inadequate.

The federal lawsuit has some of the defendants scratching their heads.

"There seems to be something wrong when an illegal immigrant can file something with the judicial system when he was illegal to begin with," Houston County Commission Chairman Mark Culver said in Dothan.

Cenobio Sanchez is the lead plaintiff in what he hopes will become a class-action lawsuit on behalf of indigent defendants who have had court-appointed attorneys in Houston County. His attorney, Stephen Etheredge, said the case could have statewide impact because several counties are looking at adopting Houston County's system of indigent defense.

The lawsuit seeks unspecified financial damages, but Etheredge said the real aim is to get a better system in place for representing poor people who can't afford a lawyer.

In Houston County, two attorneys are on contract to handle indigent defense cases for each circuit judge.

Sanchez, 42, of Gordon was charged in 2007 with the stabbing death of his roommate during an argument over the volume of a radio. He pleaded guilty in 2009 to murder and possession of a fake Social Security card and a fake federal work permit. He was sentenced to 40 years for the murder and an additional five years for possession of the forged instruments.

He is suing the governor, the administrator of the state court system, and several Houston County officials. A second plaintiff, Tina Mikel of Cowarts, is also listed in the suit. She pleaded guilty to a drug charge. They are seeking to be representatives in a class-action lawsuit.

Sanchez argues that his defense was inadequate because his court-appointed attorney had a private law practice in addition to her county work and was handling 329 felony cases in 2008, plus 53 non-felony cases. He says that far exceeds the levels recommended by legal groups. He complains that his attorney lacked time to meet with him and investigate his case before trial. He says Houston County's system forces people to plead guilty because they know their attorneys will be poorly prepared if they go to trial.

His court-appointed attorney in the murder case, Valerie Judah, said Sanchez wanted to plead guilty because he thought the judge would order him returned to Mexico rather than sentence him to an Alabama prison.

Judah said she and other contract attorneys in Houston County have heavy caseloads. "But we have good win-lose ratios," she said in a phone interview Monday.

After pleading guilty, Sanchez went back to court in Houston County, contending that he lacked adequate legal representation when he entered the plea, but a Houston County judge rejected his argument. Sanchez is appealing .He is currently confined at the Easterling Correctional Facility in Clio, about 30 miles north of Dothan.

Phillip Rawls can be reached at http://www.twitter.com/PhillipRawls

Source: http://washingtonexaminer.com/news/2011/08/illegal-immigrant-sues-alabama-over-legal-defense

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Tuesday, August 23, 2011

UrbanDigs: Mortgage Rates & Confidence / Banks Dont Let Rates Fall

Posted by urbandigs

Mon Aug 22nd, 2011 09:51 AM

A: Few things first. Number one, confidence always trumps lending rates. The data shows that record low mortgage rates are more of a boon to those seeking to refinance. Number two, make no mistake about it that rates are this low because uncertainty is rising and confidence is falling as our economy teeters on the verge of another recession - not the best combination for masses of new buyers to enter the marketplace. Add in a negative wealth effect as markets tend to fall hard when rates get so low and that may give new buyers some pause. So lets at least accept reality and take the good with the bad. Between 2005 and 2006, the peak of the housing markets, 30yr fixed mortgage rates were between 5.5% and 6.5%; and purchase volume was significantly higher as opposed to now with rates so much lower! With 30yr rates at historic lows today around 4.3%, most of the action is in refinancing, not new purchases. I want to quickly discuss why lending rates did not fall as much as Treasury rates over the past 4-6 weeks; where 10YR US Treasury yields declined over 100 basis points.

There are two main reasons why lending rates might diverge from trends in the US Treasury market in times of turbulence...

#1: Mortgage rates are priced off of mortgage bonds, not US Treasury yields, and are exposed to rising levels of credit risk. Higher credit risk, higher rate. Most of us use the 10YR US Treasury yield as an indication to where lending rates are trending, because not many of us out there have access to current pricing on mortgage bonds (you can check out US Govt Agency yields here). In normal times, yes, lending rates will have a relationship to trends in the 10YR Treasury market. However, in times of rising default risk expect a divergence.

#2: Banks can hold rates steady as Fees Rise and new Applications exceed capacity. This applies mostly to refinance applications when rates take a sharp move down. There seems to be fewer new purchase applications as a direct result of declining confidence as macro economic conditions deteriorate causing rates to fall in the first place.

Its item #2 that we have been seeing over the past 4-6 weeks resulting in much lower US Treasury yields, but not a synchronous fall in lending rates. A Streeteasy.com discussion starts out with a user stating:

"I'm set to close next week and the rate we locked in 1 month ago is high compared to what it is today (4.875). We've asked our broker to just let the lock expire so that we can lock in at current rates. She keeps telling us that HER rates haven't changed!"
Oh I believe it and wrote about it a week ago. While every buying situation is unique and exposed to different variables that may affect the lending rate, its the general awareness that lending rates did NOT fall as much as they should have considering the fall in Treasury yields that got this buyer upset. There are very real reasons, as discussed above, for why lending rates did not fall as far as some expected.

MortgageNewsDaily.com discusses, "Refinance Applications Surge on Lower Rates - Purchases Fall":

MBA's Market Composite Index, a measure of mortgage application volume, increased 4.1 percent on a seasonally adjusted basis from one week earlier. This follows a jump of 21.7 percent recorded in the previous week (see chart below).

refinance_chart.jpg

The increases are being driven by refinancing which accounted for 78.8 percent of the market this week and 75.6 percent in the previous week. The refinancing share is the highest it has been since November 2010. "Unprecedented volatility in the stock market last week amid additional signs that the economy has slowed led to further drops in mortgage rates, with the 15-year rate reaching a new low for the MBA survey," said Mike Fratantoni, MBA's Vice President of Research and Economics. "Purchase application activity fell sharply over the previous week, likely the result of potential homebuyers hesitant to purchase in this highly volatile and uncertain environment."

Fratantoni continued, "Refinance application volume increased substantially for the week, although there was substantial variation across the market. In September MBA's Weekly Applications Survey will transition to an expanded sample that covers 75% of the retail market rather than the current sample that covers roughly 50% of the retail market. That expanded sample showed a significantly larger increase in refinance applications than the current sample, with some lenders reporting increases in refinance applications in excess of 50 percent for the week. The big differences in refinance volumes were likely driven by the decisions of some lenders not to drop rates last week, largely due to the need to manage their pipelines."

Its that last sentence that I wanted readers to see. A big reason why lending rates did not fall as far as Treasury yields was due to banks managing the substantial rise in refinancing applications (mostly refinancing requests) and managing their pipeline.

Record low rates should incentivize risk, and should incentivize buyers to take advantage. But it rarely works this way in housing markets due to the elements of 'confidence' and the 'wealth effect'. Rather, investors that are losing confidence in the broader economic picture tend to look at big investments as a potential depreciating asset in troubling times. So, they either wait it out or bid low and try to price in future downside risk. At the beginning of the cycle, sellers hold firm, reluctant to hit a lower bid unless their fear levels are high or forced under a time pressure to liquidate. This 'gap' between bid/ask can cause markets to experience plunging volume making the asset class itself very illiquid - this is exactly what happened to Manhattan in late 2008 into early 2009.

For 5 months between October 2008 and February 2009, we saw monthly new contracts volume below the 500 level (3 months under 360 level) as our market was exposed to plunging confidence, rising uncertainty and a severe negative wealth effect resulting in an absence of bids; see this chart below:

manhatt_downturn.jpg
*Subscribe now to access all of UrbanDigs' Real-time Manhattan tracking tools

Its all about the Bids and that period defined the Manhattan downturn! Looking back, many buyers wished they would have pulled the trigger at that point. But hindsight is 20/20 and if you put yourself back into time & place, fear was just too high to bid without future risks priced in. So the market shut down and when you need to sell something in an illiquid marketplace, a lower price is really your only option. That is how these things become cycles and if you think about it, this really is just one big credit/housing bust cycle that has been going on for years now. Consider this another ripple in the wave and record low rates are one side effect as the markets try to balance themselves to incentivize risk taking.

Source: http://www.urbandigs.com/2011/08/mortgage_rates_confidence_bank.html

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