Sunday, January 29, 2012

WrestleMania XXVIII Axxess tickets now available

The ultimate interactive WWE fan experience ? WrestleMania Axxess ? is coming to Miami from March 29 - April 1 at the Miami Beach Convention Center (Hall D). This is one event WWE fans of all ages will want to be part of! (WATCH)

TICKETS
Available now at:
?- Ticketmaster
?- Ticketmaster.com
?- Charge by phone: 800-745-3000

ATTRACTIONS
?- Live matches
?- Superstar Q&A's
?- Superstar signings
?- Photo stations
?- WWE Shop
?- Undertaker's Graveyard
?- WWE Championship Titles
?- Memorabilia Display
????? And much more! ?

LIMITED VIP TICKETS - $95*

VIP TICKETS INCLUDE:
?- Autograph from designated Superstar at VIP Autograph Stage
?- Entrance to VIP standing area next to ring at WrestleMania Axxess
?- 8x10 Superstar Photo
?- VIP wristband required for meet & greet (wristband will be provided once tickets are scanned on site)

VIP MEET & GREET WITH AUTOGRAPH SIGNING AND MORE!
Thursday, March 29 - Meet WWE Superstar CM Punk - SOLD OUT
Thursday, March 29 - Meet 2012 WWE Hall of Famer Edge - SOLD OUT
Friday, March 30 - Meet WWE Superstar Triple H - SOLD OUT
Friday, March 30 - Meet WWE Superstar John Cena - SOLD OUT
Saturday, March 31 - Meet WWE Superstar Randy Orton - SOLD OUT
Saturday, March 31 - Meet 2011 WWE Hall of Famer Shawn Michaels - SOLD OUT
Saturday, March 31 - Meet WWE Superstar Chris Jericho - SOLD OUT
Saturday, March 31 - Meet WWE Legend Mick Foley
Sunday, April 1 - Meet WWE Superstar Sheamus
Sunday, April 1 - Meet WWE Superstar?Big Show
Sunday, April 1 - Meet WWE Superstar Rey Mysterio - SOLD OUT

GENERAL ADMISSION TICKETS - $40*

SESSION SCHEDULE & TIMES
Thursday, March 29
6:00 p.m. - 10:00 p.m.

Friday, March 30
6:00 p.m. - 10:00 p.m.

Saturday, March 31
? Session 1: 8:00 a.m. - 12:00 p.m.
? Session 2: 1:00 p.m. - 5:00 p.m.
? Session 3: 6:00 p.m. - 10:00 p.m.

Sunday, April 1
? Session 1: 8:00 a.m. - 12:00 p.m.
? Session 2: 12:30 p.m. - 4:30 p.m.

Children 3 years and under - FREE

*Prices are PER SESSION and do not include applicable fees or sales tax.

WrestleMania XXVII Axxess photos
Day 1 | Day 2 | Day 3 | Day 4

Source: http://www.wwe.com/shows/wrestlemania/28/axxess-tickets

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Saturday, January 28, 2012

As US slows, P&G turns to developing markets

This Jan. 23, 2012 photo, shows a travel-size tube of Crest toothpaste and toothbrush in a Moreland Hills, Ohio home. Procter & Gamble Co. said Friday Jan. 27, 2012 its net income fell 49 percent in the fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions for the year. (AP Photo/Amy Sancetta)

This Jan. 23, 2012 photo, shows a travel-size tube of Crest toothpaste and toothbrush in a Moreland Hills, Ohio home. Procter & Gamble Co. said Friday Jan. 27, 2012 its net income fell 49 percent in the fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions for the year. (AP Photo/Amy Sancetta)

A travel size bottle of Scope is seen in a home in Moreland Hills, Ohio on Monday, Jan. 23, 2012. Procter & Gamble Co. says its net income fell 49 percent in the fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions for the year. (AP Photo/Amy Sancetta)

In this Jan. 23, 2012 photo, Cover Girl make up Lash Blast mascara and applicator are displayed in a home in Moreland Hills, Ohio. Procter & Gamble Co. said Friday Jan. 27, 2012 its net income fell 49 percent in the fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions for the year. (AP Photo/Amy Sancetta)

(AP) ? Emerging markets are playing a bigger role in Procter & Gamble Co.'s growth, in another sign that U.S. companies are courting new customers overseas as American shoppers get tapped out.

The maker of Tide laundry detergent, Crest toothpaste and Pampers diapers said Friday that its market value grew 9 percent in developing countries over the latest quarter, but just 2 percent in North America and 0.5 percent in Western Europe. That news came as P&G reported a 49 percent drop in profit for the second fiscal quarter, hobbled by higher costs for materials and a big write-down on the value of two of its business units.

Developing markets like Africa and parts of Latin America and Asia now make up almost 37 percent of P&G's sales, up from 27 percent five years ago. That growth was buoyed by recent expansions like toothpaste offerings in Nigeria and fabric softener in Indonesia. In the same period, the share of sales that P&G makes in the U.S. dropped to 37 percent from 43 percent.

"We are shifting the footprint of the company to take advantage of the growth where the growth occurs," CEO Bob McDonald said in a call with analysts.

He noted that P&G has closed technical centers in Western Europe and North America but recently broke ground on a new center in Singapore and doubled the size of another in Beijing. Of the roughly 19 plants the company had under construction in the last six months, only one was in the U.S.

That adaptability has helped P&G gain revenue no matter the economic climate in the U.S., McDonald said. For example, while some competitors have blamed slowing diaper sales on a drop in the U.S. birth rate, P&G has focused on selling baby products to fast-growing populations in Asia. P&G's baby care revenue rose 6 percent in the quarter, while overall revenue rose 4 percent.

The globally focused strategy isn't without challenges. In some cases, P&G has to convince a new crop of customers that they need a product they'd previously lived without, like disposable diapers. The products sold in places like Africa and Latin America are usually lower cost, which means they typically carry lower profit margins.

But P&G also is keenly aware of the fragility of recession-weary customers in the U.S. and Western Europe. This quarter, it took big write-downs on the value of its salon professional unit and the appliances unit, which mostly sells electric razors.

The company noted that discretionary purchases are a tougher sell in a weak economy. It also noted that Western Europe, where concerns about a debt crisis are crimping consumer confidence, accounts for about half the sales for both units.

P&G is also raising prices across the globe to make up for its own higher costs for many raw materials like alcohol and the resin used in making diapers. In the last quarter, it raised prices an average of 4 percent.

P&G knows it must proceed carefully or risk driving away customers. In the last earnings call, it said the higher prices hurt its market share in Western Europe and North America.

But Friday, executives sounded more optimistic. They said more competitors were following suit and raising their prices as well, which should stem any loss of market share. For example, Colgate-Palmolive Co. announced Thursday it had raised prices in North America after more than two years of cutting them.

Stifel Nicolaus analyst Mark Astrachan, who described the quarter as "not a terrible result," said P&G should lower prices in some categories to gain back lost market share.

McDonald said P&G closely watches whether other companies follow its price increases, and if they don't, "then we react to resume the value equation we had when we were growing share."

P&G also noted that, like other U.S. companies that do business in foreign markets, it is no longer benefiting from favorable foreign currency exchanges. When the dollar is weak, as it was for much of last year, revenue a company raises overseas translates into more dollars when converted at headquarters. But now, many foreign currencies are slipping.

As a result, P&G lowered its per-share earnings estimate for the fiscal year, to $4 to $4.10 per share from $4.15 to $4.33.

For the quarter, net income fell 49 percent, to $1.69 billion from $3.33 billion, on the higher materials costs and the write-downs of the appliance business and the salon business. But after stripping out the one-time charges like the write-downs, net income was $1.10 per share, beating the $1.07 predicted by analysts polled by FactSet.

Revenue grew 4 percent to $22.1 billion, helped by the higher prices. That was roughly in line with analysts' expectations.

P&G's stock fell half a percent at mid-day to $64.45.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-27-Earns-Procter%20and%20Gamble/id-72eb7523ae9c486db496d357290d6b34

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Israel announces plans to build national broadband network, increases fiber intake

Israel is home to a burgeoning tech industry, but the country's broadband infrastructure hasn't really been able to keep pace. In terms of broadband penetration, in fact, Israel ranks just 21st out of 34 developed nations, according to statistics gathered by the OECD. All this may be changing, however, now that the country's state-run electric company has announced plans to create a new national broadband network. According to the AP, the forthcoming network will use so-called fiber to the home (FTTH) technology, which is capable of providing connections at speeds of between 100Mbps and 1Gbps. That would be about ten to 100 times faster than the connections most Israelis have today, and could offer obvious benefits to a wide array of businesses and industries. The electric company is aiming to have 10 percent of the country connected to its new network by next year, and to have two-thirds covered within the next seven years.

Israel announces plans to build national broadband network, increases fiber intake originally appeared on Engadget on Fri, 27 Jan 2012 19:35:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceAP (The Australian)  | Email this | Comments

Source: http://www.engadget.com/2012/01/27/israel-announces-plans-to-build-national-broadband-network-incr/

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Friday, January 27, 2012

Video: Cargo ship slams into Kentucky bridge

The ship was traveling upriver when it hit the aging Eggner Ferry Bridge, the steel wrapping around the ship?s hull. NBC?s Brian Williams reports.

>>> transportation officials in kentucky are trying to figure out how this happened. that's the eggnor fairy bridge . that is a huge cargo ship that slammed into it last night. nobody was hurt, but at least one guy driving across it in the rain says he didn't realize a 20-foot section was missing until he slammed on the brakes with five feet to spare. something else here, the barge was carrying atlas rocket components to a launch site.

Source: http://video.msnbc.msn.com/nightly-news/46169761/

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Monica Clears Air About Girl Crush on Blakeley (omg!)

Monica Clears Air About Girl Crush on Blakeley

On the season premiere of The Bachelor, 25 beautiful women lined up to lure Ben Flajnik into their lair. It took viewers by surprise when two of the beauties became affectionate with one another instead. Newly-eliminated Monica Spannbauer told ET about her innocent intentions with the frail Blakeley.

J.P. and Ashley Give Wedding Update

Forging a quick friendship while sharing a limo to the Malibu mansion, Monica claims to have been "comforting" Blakeley in their cuddle session on the couch. "Was it under the context of me being bisexual or into her? Absolutely not," Monica denies of the insinuations in the rumor mill.

Emily Maynard Confirmed as 'Bachelorette'

Differing opinions of emerging front-runner Courtney has split the household. Monica quite harshly assessed, "They deserve each other if he's that shallow and she's that manipulative? I really hope he doesn't choose Kacie B. [He's] not deserving of her. He'll break her heart."

The ousted gal had an "intuitive feeling" that her road to love with Ben would be coming to an end at this past Monday's rose ceremony. Monica insists that she encountered a wonderful side of Ben while filming, but as she is seeing the show unravel on TV, she doesn't like how Ben is portraying himself in regards to the Courtney romance. 'Being that he's The Bachelor, the namesake of the show, I think he should make decisions for himself," Monica quipped. After watching his family in the audience of The Ellen DeGeneres Show earlier this week, she doesn't think his mom and sister would approve of Courtney's antics.

'Bachelor''s Great Debate: Emily vs. Courtney

Courtney leaves nothing to the imagination on this upcoming Monday's episode of The Bachelor on ABC when she invites Ben to go skinny dipping with her in Puerto Rico. "I feel like she'll pull out any gun and any arrow," Monica said. "Everything Courtney does is to spite the women." Was Ben impressed with Courtney's complete package? Tune in to see if she got yet another rose.

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_monica_clears_air_girl_crush_blakeley063400355/44323434/*http%3A//omg.yahoo.com/news/monica-clears-air-girl-crush-blakeley-063400355.html

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Thursday, January 26, 2012

Gingrich vows to establish a colony on the moon (AP)

COCOA, Fla. ? Newt Gingrich is promising to establish a permanent base on the moon by 2020 if he's elected president.

Gingrich, the former House speaker, told an overflow crowd gathered on Florida's space coast Wednesday that he wants to develop a robust commercial space industry in line with the airline boom of the 1930s. He also wants to expand exploration of Mars.

The pronouncements appeared to thrill the crowd of roughly 700 people. Florida's space coast is still suffering from a recent round of federal cuts to the space program.

But how would Gingrich pay for it?

The Republican presidential contender says he wants to offer prizes to help stimulate investment by the private sector.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_el_pr/us_gingrich_moon

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AP source: T'wolves, Love reach 4-year extension

Minnesota Timberwolves forward Kevin Love (42) reacts with guard Wayne Ellington (22) after hitting a three point shot to win the game during the second half of their NBA basketball game against the Los Angeles Clippers, Friday, Jan. 20, 2012, in Los Angeles. The Timberwolves won 101-98. (AP Photo/Mark J. Terrill)

Minnesota Timberwolves forward Kevin Love (42) reacts with guard Wayne Ellington (22) after hitting a three point shot to win the game during the second half of their NBA basketball game against the Los Angeles Clippers, Friday, Jan. 20, 2012, in Los Angeles. The Timberwolves won 101-98. (AP Photo/Mark J. Terrill)

Houston Rockets' Chandler Parsons, left, watches as Minnesota Timberwolves' Kevin Love puts a lay up in during the first half of an NBA basketball game Monday, Jan. 23, 2012, in Minneapolis. (AP Photo/ Jim Mone)

(AP) ? Kevin Love is staying with the Minnesota Timberwolves.

Love and the team agreed to a four-year contract extension worth between $60 million and $62 million, a deal that includes a player option in the final year, according to a person familiar with the situation who spoke Wednesday on condition of anonymity because the deal had not been officially announced.

The All-Star power forward and the team faced an 11 p.m. CST Wednesday deadline to sign an extension. If not, Love would have become a restricted free agent this summer.

Love, who was with the team in Dallas before Wednesday night's game against the Mavericks, said the contract would be signed by tipoff.

"I like the direction the team is headed," Love said. "I like the youth. I like the pieces, like we're knocking at the door and we're close in a lot of games."

He did say he wondered if the deal would get gone.

"I was willing to make a commitment for five years. They thought otherwise," he said. "I'm glad this is out of the way. It was drawn out until 8 a.m., 9 a.m. this morning."

Love ranks fifth in the league with 24.9 points per game, second with 13.9 rebounds and first with 39.4 minutes played. He has emerged as the face of the franchise and is a key building block for the team and new coach Rick Adelman.

The new collective bargaining agreement allows the Timberwolves to offer Love more money than any other team. They chose to offer him a maximum salary contract of four years and roughly $60 million, rather than using their one-time "designated player" contract for five years and around $80 million. Each team can only use one five-year contract during the term of the CBA, so the Wolves wanted to save that chip to give them as much salary cap flexibility in future years as possible.

Love is in his fourth season in the NBA. The son of a former NBA player and nephew of a Beach Boys icon, Love was a high school star in Oregon, an All-American in his only season at UCLA and last year led the NBA in rebounding. He became the first player in more than two decades to have 30 rebounds and 30 points in the same game and became an All-Star in just his third season as a pro.

___

Freelance writer Amit Kaluskar in Dallas contributed to this report.

___

Follow Jon Krawczynski on Twitter: http://www.twitter.com/APkrawczynski

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-01-25-Timberwolves-Love/id-4a71ed5821a74a818bbd54bf47303412

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Wednesday, January 25, 2012

Florida Republican debate: Where and when to watch (Washington Post)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/190546027?client_source=feed&format=rss

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Two car bombs kill 10 in Iraq capital: sources (Reuters)

BAGHDAD (Reuters) ? Bombs in two parked cars exploded in a mainly Shi'ite area of Iraq's capital on Tuesday, killing at least 10 people and wounding 31, police and hospital sources said.

The first blast occurred near a group of laborers gathered to wait for jobs and the second near a traffic intersection, both in the northeastern Sadr City area of Baghdad.

Iraq has been hit by a number of bombings targeting Shi'ites after a political crisis that has threatened to break up its fragile coalition government and raised fears of renewed sectarian violence after U.S. troops pulled out in mid-December.

Violence in Iraq has dropped sharply from the height of sectarian killing in 2006-2007, but insurgents and militias still carry out daily attacks and assassinations in an attempt to undermine the government.

(Reporting by Kareem Raheem; Writing by Aseel Kami; Editing by Louise Ireland)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120124/wl_nm/us_iraq_violence

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Tuesday, January 24, 2012

Polywell Ignition X7900i-3960


The year's most scorching gaming machines on the market tend to arrive hot on the heels of Intel releasing a new flagship processor, and that's certainly true of 2011. In the wake of the debut of the Intel Core i7-3960X, manufacturers are falling over themselves to put out the fastest, most decked-out desktops that anyone living on a trust fund will be dying to have. One such system is the Polywell Ignition X7900i-3960, a $4,599 (street) behemoth bearing the smoking new processing and enough other new hardware to send the most trembling enthusiast into flights of ecstasy. And, oh yeah, it's fast, too. But if you're spending over $4,500 on a desktop, you undoubtedly want the speediest, best-designed, and most feature-packed one you can get. For its numerous virtues and outstanding performance scores, however, the Ignition X7900i-3960 is not quite that.

Design
At least the Ignition X7900i-3960 is an eye-catcher. Its full-size tower case is cast in gleaming, glossy white with sharp accents that give each part of it a uniquely striking appearance. A band of silvery metal wraps around the top and the bottom, though it's interrupted on the latter with a black plastic ventilation grille. You'll find a similar grille at the bottom of the front panel: It's covering the intake fans and is in turn covered by a series of shiny black fins. This look, in turn, is replicated on the top panel; on the two side panels, you'll find the black grille as well, albeit without the fins. The rear panel is solid black metal, though cut with many hexagonal holes for ventilation.

Both the side panels eschew thumbscrews in favor of a key-and-knob locking mechanism. The knob is found on either side of the rear panel: Turn it one way to free the panel, which you can then just pull away; turn it back the other way to secure it shut; or use the keys (on our model, attached via a twist tie to one of the ventilation holes) to prevent anyone from getting into the computer. It's a somewhat bulky and inelegant system, but it works.

Features
Dashing as the Ignition X7900i-3960 may be in the attractiveness department, it's what's inside that counts even more?and there's a lot. In addition to the Core i7-3960X processor cooled by a sedate-looking, Polywell-branded fan?and?heat sink combo, plugged into the Intel Desktop Board DX79SI is a whopping 32GB of 1,600MHz DDR3 memory. Because Intel's new X79 Express chipset supports quad-channel memory, this is divided among eight DIMMs, and there are no free slots for putting in more. (Not that you'll need to upgrade anytime soon, anyway!) Video capabilities come courtesy of two video cards using the Nvidia GeForce GTX 590 GPU design, the fastest the company makes. This gives you an enormous amount of graphics potential, but requires a lot of power?thankfully, this is provided by a 1,250-watt power supply. All these internal components are cooled by four fans: one 150mm for intake, located at the bottom of the internal drive well, and three for exhaust (two in the top panel, one in the rear panel).

There's plenty more to be found on the front panel, too. Let's start with the two optical drives: one LG "Super Multi Blue" model that combines Blu-ray playing and DVD recording functionality, and one traditional DVD?RW drive. In another of the 5.25-inch bays you'll find a multiformat card reader. This leaves two bays free, and from them you can directly access the internal storage, all without having to unplug any SATA data or power cables. This gives you 240GB spread across two 120GB solid-state drives (SSDs) and an additional 3TB hard drive.

Only when you get to the collection of front-panel ports do you start to see what you're missing: One eSATA, three USB 2.0, and headphone and microphone jacks flank the power button on the top edge?that's right, no USB 3.0 ports. You'll only find two of those on the rear panel, joining six USB 2.0 ports, two Gigabit LAN jacks, a FireWire port, and S/PDIF digital and 8.1-channel analog audio ports for connecting speakers. Another nice feature is the "back to BIOS" button, which lets you safely roll back any changes you make to your system's configuration (such as overclocking).

A Logitech Cordless Desktop X100 keyboard and an associated OptiMouse complete the hardware side of the spectrum. Two warranties, one for three years for parts and one for five years for labor, should keep you decently protected.

Performance
Polywell Ignition X7900i-3960Any performance tweaking you may want from the X7900i-3960 you will have to do yourself: Polywell has provided no out-of-the-box overclocking for it. The good news is that because the rest of the system?s components are so advanced, you still get amazing frame rates. But overall performance isn?t going to compare with what you?ll see on an overclocked system such as the Falcon Northwest Mach V that uses this same CPU and many similar components?with one big difference that further accelerates its gaming prowess.

That would be its setup of three Nvidia GeForce GTX 580 video cards, which let it deliver results that surpass those of the Polywell. We saw this in every gaming test, whether PCMark 7 (6,154 versus 5,990), 3DMark 11 (6,505 versus 6,148 at the Extreme preset), Crysis at 1,920 by 1,080 with Very High details (75 frames per second, or fps, versus 73fps), or Lost Planet 2 at 1,920 by 1,080 with High details (168fps versus 122fps). And the Falcon Northwest?s overclocking helped it excel at non-gaming tasks, too (on the off chance you?ll ever want to do them), again trumping the Polywell in every match-up.

So if you?re looking for the best Core i7-3960X gaming machine you can find, right now the Editors? Choice Mach V takes the prize?in addition to superior performance, it also gives you more storage space (with the help of two 256GB SSDs), a more forward-thinking case design, and a more adventurous motherboard loaded with features (including a lot more USB 3.0 ports) that Intel?s doesn?t attempt. But it?s important to note that the Mach V also comes with a faint-worthy $6,899 price tag. The Polywell Ignition X7900i-3960 offers an incredibly compelling alternative for $2,300 less, with most of the same pluses and only some minor minuses. The only way it will disappoint is your hunger for speed can only be sated by the most tip of the top desktop out there.

BENCHMARK TEST RESULTS

More desktop reviews:
??? Polywell Ignition X7900i-3960
??? iBuypower Chimera 4-V1
??? Velocity Micro Vector Holiday Edition (2011)
??? Falcon Northwest Mach V (Core i7-3960X)
??? Cybernet ZPC-D5
?? more

Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/fn3RE_Lr4PE/0,2817,2398335,00.asp

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Monday, January 23, 2012

Analysis: Rivals to "The Artist" are down to their last shot (Reuters)

PARK CITY, Utah, Jan 22 (TheWrap.com) ? One more chance.

That's all that remains for the films hoping to throw a roadblock in the way of the inexorable march to the Oscar stage by "The Artist."

When Michel Hazanavicius' black-and-white silent film won the top award from the Producers Guild on Saturday night, it silenced the last nagging notion that the charming film might be too slight to win Oscar's Best Picture award.

Now that the producers have voted it the year's best, on ballots that were tallied using the same system that the Academy uses, it's all but inevitable that Oscar voters will do the same.

The only obstacle that remains is next Saturday's Directors Guild of America Awards, where Hazanavicius will be competing against Woody Allen ("Midnight in Paris"), David Fincher ("The Girl With the Dragon Tattoo"), Alexander Payne ("The Descendants") and Martin Scorsese ("Hugo").

That's a quartet of directors with far more experience in the United States, and far more ties to the other directors, assistant directors, stage managers and directorial team members who make up the DGA.

In that company, the little-known Frenchman seems like an uneasy favorite. But then, Tom Hooper was in the same position last year with "The King's Speech," and he won -- essentially because voters liked his movie better than the other guys' movies, the same way they seem to like "The Artist" better.

But the DGA does offer the possibility of an intriguing scenario, particularly if Scorsese or Payne wins.

In that case, the win could create a clear No. 2, an alternative to "The Artist" for Oscar voters to rally around. And maybe, just maybe, the film's curious aura of inevitability could start to fade.

But for that to happen, either "The Descendants" or "Hugo" would have to establish itself as the alternative. "The Descendants" has come closer than "Hugo" to doing that so far, and it has an outside chance to actually establish a little momentum with a DGA win, a SAG ensemble victory and a Writers Guild Award (for which "The Artist" is ineligible).

But it has to start with the DGA, or the game really will be over.

The tricky thing is that the guy who's the master of the "we're No. 2" strategy, Harvey Weinstein, is the guy who doesn't need to use it this year, because his film is No. 1.

Weinstein began using the strategy when he ran Miramax Films back in 1994, and managed to position a movie that was way too daring for the conservative academy, Quentin Tarantino's "Pulp Fiction," as the chief rival to frontrunner (and eventual winner) "Forrest Gump."

And he did it again and again over the next decade. When "Saving Private Ryan" was the frontrunner in 1998, Miramax kept pushing "Shakespeare in Love," making it the movie of choice for everybody who couldn't quite endorse the war movie -- which, in the end, was enough to give "Shakespeare," and Harvey, a Best Picture victory.

When "American Beauty" had all the momentum but seemed awfully dark and adventurous for the more conservative side of the Academy, Miramax pulled out all the stops to position "The Cider House Rules" as the safer alternative, even if that meant misrepresenting a film whose hero was a drug-addicted doctor who performed abortions.

And when the battle seemed to be between "The Hurt Locker" and "Avatar" two years ago, Weinstein began trumpeting how his film, "Inglourious Basterds," was actually the one that could pull off the upset.

The strategy doesn't usually work. (It didn't for "Pulp Fiction," "The Cider House Rules" or "Inglourious Basterds.") But when you're dealing with a frontrunner like "The Artist," somebody needs to persuade voters that if you can't fully endorse the silent flick, there's only one real alternative.

And the fact that nobody has done that is one of the main reasons why "The Artist" now seems all but preordained as a winner.

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/nm/20120122/film_nm/us_theartist_oscars

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Look Closer at Those Florida Numbers (talking-points-memo)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/190079390?client_source=feed&format=rss

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Sunday, January 22, 2012

Watch What Happens When You Leave a Bicycle Outside for a Year [Video]

If you leave your bike on the streets of New York, it's eventually going to get stolen. Even if it's locked up. Even if it's a beater. Even if there aren't any tires. It. Will. Get. Stolen. This video shows you the life cycle of a bicycle left outside for an entire year. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/BzRquzE2FKI/watch-what-happens-when-you-leave-a-bicycle-outside-for-a-year

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Marine tape reaction sets Taliban fighters against commanders (Reuters)

KABUL (Reuters) ? Taliban fighters in Afghanistan have been enraged by a video which shows U.S. marines urinating on three corpses, believed to be insurgents, and some say they do not understand their leadership's relatively measured response to the tape.

News of the clip spread fast across Afghanistan, even though only a minority of people have electricity and the internet is restricted to a tiny urban elite.

Radio can reach remote militants and villagers and mobile phones are used by many Afghans, on both sides of the war, for storing and sharing videos even in remote areas with little communications infrastructure.

"I heard from some friends about this shameful act of the U.S. forces but could not see it at first," said one militant who called himself Qari Babar, explaining that a Pashto-language radio broadcast first alerted him to the tape's existence.

The video, posted on YouTube and other websites, shows four Marines in camouflage combat uniforms urinating on three corpses. One of them jokes: "Have a nice day, buddy." Another makes a lewd joke.

Afghan President Hamid Karzai has condemned the video, describing the men's actions as "inhuman" and calling for an investigation. U.S. and NATO military commanders condemned the actions of the men, and Pentagon has acted quickly to respond to the video, in a bid to limit the fallout.

Although a Taliban spokesman criticized it last week, he said it would not harm nascent efforts to broker peace talks.

For some insurgents, their leadership's muted response to the Marines' actions was unwelcome, particularly after reports the Taliban had agreed to open a political office in Qatar to ease possible negotiation with the United States and allies.

"Our leaders overlooked this degrading and inhumane act of American soldiers because they are interested in peace talks," said Mullah Mohammad Gul, a local Taliban commander in southern Helmand province, where the video is believed to have been made.

"Our duty is to defend our sacred religion and our people and we will keep fighting, no matter what."

Insurgent fighters in other parts of the country said the video could undermine discipline and push foot soldiers to ignore orders from higher ranked fighters.

"Until now, we were following guidelines and principles laid down by our senior commanders for us to follow while fighting," said Babar, active in Afghanistan's eastern Nangarhar province.

Young insurgents might ignore orders in future, he added.

U.S. General John Allen, who commands international troops in Afghanistan, accused the Taliban's one-eyed leader, Mullah Muhammad Omar, this week of having "lost all control" of his frontline fighters after several suicide bombings in the restive south killed almost 20 people, mostly civilians.

Babar said he watched the video with around 70 fighters, and said it shocked them even though previous cases of abuse by foreign soldiers in Afghanistan, including the murder of innocent civilians, had been well publicized.

"Every one is now desperately trying to find U.S. soldiers to take revenge for the desecration of the bodies," he added.

HATE WILL GROW

Several commanders also thought the Marines' actions would also help bolster the group's standing with the rural Afghans they fight among.

"It helps us to win the support and sympathy of the Afghan people," Abdul Basit, who fights in eastern Khost province where insurgents have a strong presence, told Reuters.

"You see now the entire nation, even so many people in the government and armed forces, have turned against them because of the atrocities," Basit said.

Basit added that they had been advised by their leaders not to kill their prisoners and spies but after seeing the video, many of them might not control themselves in future.

In the southern town of Marjah, a part of Helmand that has seen heavy fighting and was the centre of a U.S.-led campaign to displace the Taliban in early 2010, another commander agreed.

"It is good that such video has emerged which showed Americans' inhumane acts," Mullah Abdullah told Reuters by satellite phone. He disagreed it would sap discipline, and instead saw a groundswell of greater support.

"From now on, hate against the foreign troops will grow in the hearts of every Muslim, especially in Afghanistan."

(Additional reporting by Jibran Ahmad in PESHAWAR, writing by Emma Graham-Harrison)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120120/wl_nm/us_afghanistan_pakistan_taliban

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Saturday, January 21, 2012

APNewsBreak: Afghan asylum bids hit 10-year high (AP)

KABUL, Afghanistan ? More Afghans fled the country and sought asylum abroad in 2011 than in any other year since the start of the decade-long war, suggesting that many are looking for their own exit strategy as international troops prepare to withdraw.

From January to November, more than 30,000 Afghans applied for political asylum worldwide, a 25 percent increase over the same period the previous year and more than triple the level of just four years ago, according to U.N. statistics obtained by The Associated Press ahead of their scheduled publication later this year.

Many Afghans are turning to a thriving and increasingly sophisticated human smuggling industry to get themselves ? or in most cases, their sons ? out of the country. They pay anywhere from a few hundred dollars to cross into Iran or Pakistan to more $25,000 for fake papers and flights to places like London or Stockholm.

Thousands of refugees also return each year, but their numbers have been dwindling as the asylum applications rise. Both trends highlight worries among Afghans about what may happen after 2014, when American and other NATO troops turn security over to the Afghan army and police.

The true numbers of people leaving is likely even higher ? since those who are successfully smuggled abroad often melt into an underground economy. Still, the jump in a rough indicator like asylum seekers suggests the total numbers are also on the rise.

Smuggling people out of Afghanistan and neighboring Pakistan is a $1 billion-per-year criminal enterprise, the U.N. Office on Drugs and Crime estimates. Those who pay to leave often face a risky journey and detention abroad because many developed countries now see many Afghans who flee as illegal economic migrants, not political refugees.

Still, the business finds an eager clientele in Afghans such as Ahmad, an unemployed 20-year-old in Kabul. He has agreed to pay a smuggler $400 to take him over the Iranian border, where he hopes to find work and save up to move on to Europe in a few years. He has no money, but his smuggler is giving him credit ? he'll have a month to pay up once he's in Iran.

"I don't think anything will improve in three or five years, so it's better to leave now," said Ahmad, who expects to leave for Iran within a few weeks. He asked to be identified only by his first name for fear of being arrested.

Ahmad's family fled to Iran during the Taliban's late 1990s rule and returned full of hope after the regime fell. But now, he sees no future in his homeland.

"If foreign troops leave, the situation will only get worse, not better," he said.

That's a view shared by many. Tajma Kurt, who manages an International Organization for Migration program helping Afghans who have returned home, says she's noticed a marked change in ordinary Afghans' outlook since roughly 2007, when the Taliban insurgency began to gain strength and violent attacks increased.

"Before, they were looking for a job, discussing buying a house or whatever," Kurt said. "Now, they are all thinking of leaving because the situation has deteriorated dramatically and they don't see that it's going to get much better."

Devastated by decades of war, Afghanistan is already the world's biggest source of refugees, with more than 3 million of its total population of 30 million still outside the country, most in Iran and Pakistan, according to the office of the U.N. High Commissioner of Refugees and the Afghan government.

After the 2001 U.S.-led military intervention that toppled the Taliban, some 5.7 million Afghan refugees returned. The vast majority of those came back in the first five years. The numbers have since dwindled, with about 60,000 refugees returning last year, about half the number as the previous year.

As the pace of returns slowed, the number of Afghans seeking asylum abroad rebounded. In 2011, 30,407 sought asylum through November, the latest available figures.

Driving both trends is not only economic ambition but deep uncertainties about the country's future, says Abdul Samad Hami, deputy minister of Afghanistan's Ministry of Refugees and Repatriation.

"Who knows what happens when foreign troops leave Afghanistan? Is it going to get better or worse? Who knows what happens with the foreign aid to Afghanistan ? going down or increasing?" he said.

Some Afghans fear that once most foreign troops leave, the Taliban will take over more territory and civil war could erupt along ethnic lines, as it did in the 1990s. Others worry the Afghan economy will collapse if foreign aid dries up.

The real number of Afghans leaving is unknown, but undoubtedly higher than the asylum figures. The country's foreign ministry recently said 50,000 Afghans illegally entered Greece in the past two years alone, many of them now stranded without passports or money to move farther into Europe. Most of those arranged their journey with smugglers.

For their money, many endure a perilous journey.

Esmat Adine nearly drowned after the overcrowded boat he was on sank off Indonesia late last year, killing at least 200 fellow asylum-seekers headed for Australia. He says he left his wife and infant son at home in Afghanistan and paid $5,000 to travel to Australia after the Taliban threatened to kill him for working with American aid workers. He flew from Kabul to Dubai, then boarded a plane to Jakarta, Indonesia. From there, he was taken to eastern Java and was packed onto the doomed boat.

When the vessel capsized, Adine managed to survive by swimming to a nearby island.

"I swam and swam until I reached the shore," Adine, 24, told The Associated Press in an Indonesian detention center, where he is awaiting a ruling on his legal status. "I thought of how my wife and children are counting on me, of how I must earn a good life in Australia, free from intimidation."

He says he still hopes to be able to enter Australia and send for his family.

Australia has vowed to crack down on asylum-seekers but has been forced to relax a policy of mandatory detention because its detention camps are dangerously overcrowded.

Hami, the Afghan refugee official, says the country has come a long way and if the transition goes smoothly, fewer people will want to leave. But he conceded that depends on whether the government can provide security and jobs.

"If the situation gets worse, people will go out. If the situation gets better, people will return."

___

Associated Press reporters Massieh Neshat in Kabul and Ali Kotarumalos in Indonesia contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120121/ap_on_re_as/as_afghanistan_more_fleeing

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Saving dogs with spinal cord injuries

ScienceDaily (Jan. 18, 2012) ? Dogs with spinal cord injuries may soon benefit from an experimental drug being tested by researchers at the University of California, San Francisco (UCSF) and Texas A&M College of Veterinary Medicine & Biomedical Sciences -- work that they hope will one day help people with similar injuries.

Funded through a three-year, $750,000 grant from the U.S. Department of Defense, the drug to mitigate damage has already proven effective in mice at UCSF. Now the Texas team will test how it works in previously injured short-legged, long torso breeds of dog like dachshunds, beagles and corgis, who often suffer injuries when a disk in their back spontaneously ruptures, damaging the underlying spinal cord.

About 120 dogs a year that develop sudden onset hind limb paralysis after such injuries are brought to the Small Animal Hospital of Texas A&M University, where they receive surgical and medical treatment similar to that for human spinal cord injury. Now, researchers will test whether the new treatment works on some of these dogs, with their owners' consent.

"It would be phenomenal if it works," said Linda J. Noble-Haeusslein, PhD, a professor in the UCSF departments of Neurological Surgery and Physical Therapy and Rehabilitation Science who designed the intervention. "We are in a unique position of being able to treat a dog population where there are simply no current therapies that could effectively improve their hind limb function."

The new treatment does not seek to regrow injured pathways in the spinal cord. Instead, it aims to mitigate damage secondary to the spinal cord injury. Most spinal cord injuries trigger a cascade of chemical reactions in the spinal cord that collectively damage nearby cells and pathways, contributing to functional deficits including hind limb function.

A few years ago, Noble and her UCSF colleague Zena Werb, PhD, showed how blocking the action of one protein found in the spinal cord of mammals can help mice recover from spinal cord injuries. This protein, called matrix metalloproteinase-9, can degrade pathways within the cord and cause local inflammation, leading to cell death.

The injured dogs offer a great opportunity to take the next step on this treatment because their injuries more closely mimic spontaneous human spinal cord injury and, as is the case with humans, no existing treatment has substantially reduced paralysis. Dog in medical device

Dog in medical device

Noble's co-investigator on the new study, Jonathan Levine, DVM, an assistant professor in neurology at Texas A&M University, will treat the dogs through injections of a protein-blocking drug. He will then help the dogs through rehabilitation and assess their recovery. Ongoing studies at UCSF focus on further refining delivery of the drug so as to optimize recovery.

Other researchers have shown that movement can be preserved if as little as 18 percent to 20 percent of the nerve fiber tracts in the spinal cord remain intact.

If successful, the trials in injured dogs may lead to the development of similar treatments for people who suffer spinal cord injuries, Noble said. These are among the most expensive injuries: every person with an injured spinal cord costs the health care system millions of dollars over his or her lifetime.

Such costs often are overshadowed by the tragic and devastating personal price of the injuries, which dramatically alter lives and most often occur in younger people, with long lives in front of them. According to the National Spinal Cord Injury Statistical Center, based at the University of Alabama, Birmingham, most of the 12,000 Americans who suffer spinal cord injuries are between the ages of 16 and 30.

As of this year, some 265,000 people in the United States are living with such injuries, according to the national center. This includes many wounded soldiers who have returned home from war zones.

UCSF is a leading university dedicated to promoting health worldwide through advanced biomedical research, graduate-level education in the life sciences and health professions, and excellence in patient care.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/6DMV7QRcLuE/120118155338.htm

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Friday, January 20, 2012

Toshiba Portege Z830-S8302


Travelers seeking an executive-class status symbol will be tempted by Toshiba's flagship ultrabook, the Portege Z830-S8302 ($1,429 list). It puts a speedy Intel Core i7 chip into a magnesium alloy chassis that out-diets Apple's MacBook Air 13-inch (Thunderbolt) ($1,299 direct, 4 stars), coming in at 2.5 pounds to the Apple Air's and most Windows ultrabooks' 2.9 pounds or so. It's packed with features ranging from a fingerprint reader to a backlit keyboard.

It's a lot more expensive than its Core i3?powered sibling, the Portege Z835-P330 ($799.99 at Best Buy, 3.5 stars). If all you need in an ultralight is Office and Outlook capability, the slower model is undeniably the, well, better buy. But if you regularly mix some photo editing or occasional video encoding with your word processing and Web surfing, or if you just want ultrabook bragging rights, you'll want to inspect Toshiba's top of the line?although you may find yourself wishing it actually weighed a few ounces more.

Design
Although the Portege's magnesium alloy frame makes its 1.6-by-12.4-by-8.9-inch (HWD) body relatively rigid?you can pick it up by a front corner with no problem?the same isn't true of its super-thin screen. Grasp the latter by the corners and it will wiggle and flex, or start typing with the Toshiba in your lap and the display will vibrate and wobble to an annoying degree. The computer doesn't really feel flimsy, but it definitely feels too flexible.

The screen looks good, though?it's a 13.3-inch, LED-backlit matte panel with the same 1,366-by-768 resolution as every other ultrabook we've tested with the exception of the 1,600-by-900 Asus Zenbook UX31-RSL8 ($1,049 list, 4 stars), with ample brightness, sharp text, and crisp colors. I also liked the Toshiba's touchpad, which works smoothly and responsively apart from two slightly stiff, fingerprint-magnet chrome buttons. The laptop's speakers produce enough volume to fill a room, albeit with sketchy and scratchy audio.

The spill-resistant keyboard is backlit for confident typing in dim rooms and on red-eye flights (the backlight by default turns off after 15 seconds without pressing a key, though you can switch it to be always on or off). It offers a first-rate layout, with Ctrl and Delete keys in their proper lower-left and top-right corners respectively, and dedicated Home, End, PgUp, and PgDn keys as well as cursor arrows. Its typing feel, alas, is less satisfactory?flat and shallow, with a few keys (notably the space bar and left shift) not always registering during the first hours of use. Slowing down and giving the space bar a sharp rap cured the typos, but I'd still rate the keyboard as inferior to that of the Lenovo IdeaPad U300s ($1,495 list, 4 stars)?or the Toshiba Z835-P330, which showed no space-bar problems in our test.

Features
The Z830-S8302 takes a backseat to no ultrabook, however, when it comes to input/output features. Sure, others may match its 802.11n Wi-Fi networking and HDMI video port, but the Portege also has good old-fashioned Ethernet and VGA ports, because connecting to wired office LANs and conference-room projectors can still be pretty darn convenient.

Microphone and headphone jacks are on the left, next to the SD card slot that the Lenovo U300s designers forgot. There's a USB 3.0 port on the right and two USB 2.0 ports, one with Toshiba's "sleep and charge" functionality for recharging phones and other devices, at the rear. Bluetooth is present, though WiMAX is not. Intel's Wireless Display (WiDi) 2.1, which streams the Portege's screen to an HDTV set equipped with a third-party (Netgear, Belkin, or D-Link) adapter, is supported, although our test unit arrived without the WiDi software. We downloaded it (135MB) from Intel's site and configured WiDi with no problems.

Like other ultrabooks, the Z830-S8302 has no optical drive for loading new software, but Toshiba makes up for that with a slew of preloaded software including links to an app store and book store; a scanty 30-day trial of Norton Internet Security; Google Chrome; a Bulletin Board app for arranging notes and other information; and a ReelTime timeline thumbnail view of recently accessed documents and files. The flagship ultrabook is backed by a three-year parts-and-labor warranty.

Considering its price premium over the Z835-P330, you might guess that the Z830-S8302 boasted more storage as well as a faster processor, but you'd be wrong?it's the same 128GB solid-state drive. That's nothing to sneeze at, though, as the SSD helped the Toshiba start up in 25 seconds and wake from sleep in just 3 seconds.

Performance
Toshiba Portege Z830-S8302 The price premium does, however, get you that Core i7 CPU?the same dual-core, four-thread, 1.8GHz Core i7-2677M found in the IdeaPad U300s?as well as 6GB of RAM instead of the usual 4GB. The difference from the Core i3 model is night and day, as the Z830 completed our Adobe Photoshop CS5 test in literally half the time (4 minutes 8 seconds versus 8:17) and pummeled its economical sibling in PCMark 7 (3,366 versus 2,496).

Toshiba Portege Z830-S8302

Actually, that PCMark 7 score was narrowly eclipsed by that of the Asus Zenbook UX31 (3,531), but in most of our other benchmarks, the Toshiba topped its rivals (including the same-CPU'd Lenovo) to become the fastest ultrabook we've yet tested. The Portege whisked through our Handbrake video encoding run in a tick under 2 minutes, roughly 10 seconds ahead of the Asus and MacBook Air. Its score of 2.32 in CineBench R11.5 was half again as much as the Lenovo's 1.55. Only its Intel integrated graphics proved predictably inadequate for serious gaming, falling just short of 20 frames per second in both Crysis and Lost Planet 2.

The only test where the high-end Toshiba lost to the value model was our MobileMark 2007 battery rundown, where the Z830-S8302's more potent components drained the sealed 47Wh battery in 6 hours 27 minutes versus 7:35 for the Z835-P330. Still, the deluxe Portege's time is a virtual tie with the Asus UX31's 6:32, and longer life than you see with either the MacBook Air or Lenovo U300s.

The ultrabook market is booming. If you're comparison shopping, $70 more will buy you the Lenovo U300s with a 256GB instead of 128GB SSD; $330 less will buy you the Asus UX31 with a perfectly capable Core i5 and a higher-resolution screen; and of course $630 less will buy you the adequate-for-most-tasks Core i3 Portege. But the Portege Z830-S8302 scores highly in performance, practicality, and sheer sex appeal, though our test unit's so-so space bar was frustrating.

BENCHMARK TEST RESULTS:

COMPARISON TABLE
Compare the Toshiba Portege Z830-S8302 with several other laptops side by side.

More laptop reviews:
??? Toshiba Portege Z830-S8302
??? HP Pavilion dm1-3010nr (Verizon)
??? Dell Latitude E6420 XFR
??? Lenovo IdeaPad U400
??? Gateway ID47H07u
?? more

Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/k83oKAFTn00/0,2817,2398989,00.asp

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Head found by hikers' dogs in Hollywood Hills

Two women walking dogs in the Hollywood Hills found a human head in a plastic bag, Los Angeles police said.

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The women made the discovery on a popular trail below the Hollywood sign Tuesday afternoon, police said.

"Two of the dogs began to play with the bag and what appeared to be an object. While the dogs were playing with it, at some point the object came out of the bag and they discovered that it was a head ? a severed head," Sgt. Mitzi Fierro told KCAL-TV.

The bag was visible from the trail, she said.

The Los Angeles Times cited sources as saying it appeared to be from a man in his 40s with "salt-and-pepper" hair.

Not there long
Police believe the severed head had not been at the site for a long time, based in part on the fact that there were no animal bites on it.

"There's not a lot of signs of decomposition yet," Fierro said.

The women who discovered the bag work as dog walkers and had about nine dogs with them at the time, Officer Karen Rayner said.

Investigators hope to come up with a sketch of the victim in order to identify who he is, Fierro said. Coroner's investigators also will attempt to identify the victim through dental records.

Police used cadaver dogs to assist in the search for further human remains until dusk, when they called off the investigation until daylight returns.

The crime scene was being guarded by police. NBC Los Angeles reported that detectives returned to the site Wednesday morning. The investigation is being handled by LAPD?s Robbery-Homicide Division.

The stretch of road where the head was found is a hiking trail popular with local residents, especially dog walkers.

The trail also passes by the "Batcave," which was used in the original Batman and Robin series.

The Associated Press and Reuters contributed to this report.

Source: http://www.msnbc.msn.com/id/46036506/ns/us_news-crime_and_courts/

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Thursday, January 19, 2012

Forget Space Beer, Order Meteorite Wine Instead

It's official: oenology has veered off into gimmicky homeopathy.

Enology has always been gimmicky homeopathy; it's only fairly recently (last 40-50 years out of a history >2000 years long) that it has been anything but gimmicky homeopathy.

That said, It would be nice if they mentioned what kind of meteorite it is. I mean, I can see a nice iron-nickel meteorite bringing out the grapes' natural terroir of the clean, arid Chilean hills where they grow in the shadow (??) of the great Atacama desert. The complex and subtle mineral flavors imbued by a chondritic meteorite would obviously clash with the natural simplicity of the South American wine, and would be more appropriate for something grown in Napa or Bordeaux (no critique is complete without some form of inter-continental snobbery).

Personally I'd grind up the meteorite and scatter it across the field so I could make up some even better BS about the alien notes introduced by the extra-terrestrial terroir (I like terroir) of the meteorite-imbued (imbue is good, too) soil. I could also produce way more meteorite wine that way than how they are doing it. Amateurs.

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/EjWjoOZlPrk/forget-space-beer-order-meteorite-wine-instead

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Goldman beats Street; net income falls 58 percent (AP)

NEW YORK ? Goldman Sachs' net income fell 58 percent in the last three months of last year because of lower investment banking fees in a quarter marked by choppy financial markets.

The investment bank said Wednesday that it made $1 billion, or $1.84 per share, from October through December. The results beat the estimate of $1.28 per share from analysts surveyed by FactSet, a provider of financial data.

Goldman's quarterly revenue fell 30 percent to $6 billion. It set aside $2.2 billion for pay, 2 percent less than the year before.

Fear about the European debt crisis made the stock and bond markets volatile late last year, and clients of all the major banks shied away from mergers and acquisitions and public offerings of stock.

Goldman took in 43 percent less in the fourth quarter than it did in the same quarter a year earlier from advising companies on mergers and acquisitions and underwriting fees for stock and bond sales.

Goldman has a reputation for outperforming the rest of Wall Street. But its fee decline was roughly in line with Citigroup, its much weaker competitor, where fees declined 45 percent. JPMorgan Chase reported a smaller decline of 39 percent.

CEO Lloyd Blankfein said concerns about the global economy made Goldman's clients less inclined to take risks in 2011. He said the firm saw "encouraging signs" that the economy and financial markets are improving.

Goldman's typical clients are large hedge funds and multinational corporations that need to hedge their bets on foreign currencies, fluctuating interest rates and commodities.

The bumpy financial markets hurt revenue in those parts of Goldman's business. Revenue from client services fell 16 percent to $3.06 billion for the quarter. Transactions in commodities, currency and fixed income fell 17 percent.

Besides conducting large trades for those clients, Goldman has made big profits trading for its own account ? especially when the markets are volatile. But regulations taking effect this year will reduce Goldman's ability to make those trades for the firm.

Another worry is that the near future isn't looking as healthy. The firm's investment banking transaction backlog, an indicator of future revenue and profit, decreased from the quarter before, though it was slightly higher than a year earlier.

For the year, Goldman made $4.4 billion, 47 percent less than in 2010, on revenue of $28.8 billion, down 26 percent from the previous year.

Goldman's stock was up 1 percent at $98.74 in pre-market trading.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120118/ap_on_bi_ge/us_earns_goldman_sachs

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Wednesday, January 18, 2012

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