Sunday, June 30, 2013

Is that bacteria dead yet? Nano and laser technology packed into small device tests antibiotic treatment in minutes

June 30, 2013 ? Researchers at EPFL have built a matchbox-sized device that can test for the presence of bacteria in a couple of minutes, instead of up to several weeks. A nano-lever vibrates in the presence of bacterial activity, while a laser reads the vibration and translates it into an electrical signal that can be easily read -- the absence of a signal signifies the absence of bacteria. Thanks to this method, it is quick and easy to determine if a bacteria has been effectively treated by an antibiotic, a crucial medical tool especially for resistant strains. Easily used in clinics, it could also prove useful for testing chemotherapy treatment.

The research is published in the latest issue of Nature Nanotechnology.

"This method is fast and accurate. And it can be a precious tool for both doctors looking for the right dosage of antibiotics and for researchers to determine which treatments are the most effective," explains Giovanni Dietler.

Laser and nanotechnology read the bacteria's metabolic activity

It currently takes a long time to measure a bacterial infection's response to antibiotic treatment. Clinicians must culture the bacteria and then observe its growth, sometimes for almost a month, as is the case with tuberculosis, in order to determine if the treatment has been effective.

Thanks to advances in laser and optical technology, the EPFL team of physicists has reduced this time to a couple of minutes. To do so, Giovanni Dietler, Sandor Kasas and Giovanni Longo have exploited the microscopic movements of a bacterium's metabolism.

These vital signs are almost unperceivable. In order to test for them, the researchers place the bacteria on an extremely sensitive measuring device that vibrates a small lever -- only slightly thicker than a strand of hair -- in the presence of certain activity. The lever then vibrates under the metabolic activity of the germs. These infinitely small oscillations, on the order of one millionth of a millimeter, determine the presence or absence of the bacteria.

To measure these vibrations, the researchers project a laser onto the lever. The light is then reflected back and the signal is converted into an electrical current to be interpreted by the clinician or researcher. When the electrical current is a flat line, one knows that the bacteria are all dead; it is as easy to read as an electrocardiogram.

A promising method for cancer treatment

The researchers have miniaturized the tool -- it is currently the size of a matchbox. "By joining our tool with a piezoelectric device instead of a laser, we could further reduce its size to the size of a microchip," says Giovanni Dietler. They could then be combined together to test a series of antibiotics on one strain in only a couple of minutes.

The researchers are currently evaluating the tool's potential in other fields, notably oncology. They are looking into measuring the metabolism of tumor cells that have been exposed to cancer treatment to evaluate the efficiency of the treatment. "If our method also works in this field, we really have a precious tool on our hands that can allow us to develop new treatments and also test both quickly and simply how the patient is reacting to the cancer treatment," says Sandor Kasas.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_environment/~3/1zTXeSe2UBI/130630145006.htm

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BlueStacks introduces the GamePop Mini, its first subscription ...

In an effort to outdo itself, BlueStacks is announcing the GamePop Mini for the cube-averse. The biggest difference between the Mini (seen above on the left) and the cube (the... uh... cube above) isn't the form factor; it's in pricing. Where the regular GamePop is $129 (unless you act soon) the Mini is "free" after a 12-month subscription of $7 per-month, or $84 total. At this price, it costs less than an OUYA, but slightly more than a GameStick. "If you keep it more than 12 months, you keep it forever," BlueStacks' Head of Marketing and Business Development John Gargiulo told us. Of course, there's not much to do with the Mini without a subscription. "It'd be like if Netflix did it this way and had hardware -- the unit would be useless without the subscription," he added. Additionally, if you return the Mini inside of 12 months, there's a $25 restocking fee.

The subscription gives users access to a plethora of games from 500 "popular mobile game partners." Those partners include the teams behind Jetpack Joyride and Fieldrunners. "Getting the kind of developer support we've gotten, it sets us apart," Gargiulo said. "We saw what happened with the Dreamcast and we saw what happened with the Wii U. You need to have good launch titles; there needs to be games everyone recognizes and wants to play."

To make GamePop more enticing to developers, BlueStacks created Looking Glass -- proprietary tech allowing iOS-only apps to run on its Android-4.2-based console. When an iOS app makes calls to Apple's hardware, Looking Glass interprets those calls and translates them to the GamePop Mini's hardware. Of course, a few changes within the code are necessary. "[Porting is] not easy, but I would submit it's not hard, relatively speaking," Gargiulo said.

BlueStacks isn't ready to divulge the list of currently iOS-only developers it's courting, but those it's working with are allegedly impressed. "I've had many developers call our engineer or chief tech officer because they haven't built their games to run fullscreen on big screens without pixelation or loss of quality." According to Gargiulo, no custom work is needed for the games to look how they do on a TV.

"If you're a developer and you've built your app and put it on iOS, it's your app. You built it, you own the bits and you own all the intellectual property. If you apply Looking Glass' layer, you can put [your app] on a TV with us," he said.

Perhaps what sets the GamePop Mini apart from its Android-console competition the most is its target demographic: kids. "We have 7-year-olds in our office that know every single title that we're bringing onboard, but couldn't care less about Call of Duty, Shadowgun or that kind of stuff." However, Gargiulo is quick to add that there's no reason preventing BlueStacks from putting games like that on its console. "It's not that we're only going to have Wii-styled kids titles, but that's definitely a demographic we're focusing on because they play a lot of games."

Kids are also why BlueStacks is choosing its business model. Gargiulo posits that paying a lump sum up front for a console and then paying X amount of dollars per game isn't how kids experience games anymore. "They have 150 games on their phones. If they paid $10 each for those, they wouldn't be so psyched [about gaming]. We want to give all-you-can-eat access to all the best games for a small monthly fee," Gargiulo said. We'll see how the company's strategy fares "this winter" when it's slated to launch.

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GamePop Launches 'Forever Free' GamePop Mini
First ever free hardware with subscription; GamePop service to be available across multiple form factors

Palo Alto, CA June 28, 2013 ? Mobile company BlueStacks has announced a second vehicle to deliver its new GamePop mobile gaming service, the GamePop Mini. Like the recently announced $129 GamePop, the new device will also run Jelly Bean 4.2, connect to TV via a supplied HDMI cable and include a curated group of 500 popular mobile game partners. Announced partners include HalfBrick (Fruit Ninja, Jetpack Joyride), Glu (Blood Brothers), #1 Kids app developer Intellijoy and more. BlueStacks says the 6.99/month subscription will include access to over $200 in paid games for free.

"We have always planned on having a free console option," said BlueStacks CEO, Rosen Sharma. "The biggest value of the GamePop service is its content ? not the box. Hardware costs have come down so fast that we're able to undercut the rest of the market. With the free promotion we've been doing in June we're already seeing a ton of adoption. That volume then attracts more developers and therefore more and better content. It's building momentum."

In addition to announcing a lineup of several popular Google Top Developers, BlueStacks also came out with its "Looking Glass" technology earlier this month. Looking Glass will allow iOS-only developers to easily launch on GamePop. Titles such as iOS's first major franchise the Fieldrunners series will be able to come to TVs this way.

"We want to make things as easy as possible for app developers to come on board," said Ben Armstrong of the company's developer relations team. "There is a virtuous circle between great content and volume that we're having a lot of early success jumpstarting that so far. The launch titles a service comes with are critical." Pre-orders went on sale May 9 for GamePop at Gamepop.tv and while not releasing specific numbers, the company reports they are stronger than expected. The free promotion for the GamePop console will end June 30, when it will go back to its regular price of $129. The GamePop Mini will be available for pre-order July 1. It is slated to ship this winter.

Source: http://www.engadget.com/2013/06/28/gamepop-mini/

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Apple Remains No.1 Smartphone Maker As Android Leads In The OS Market Share In U.S.

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Source: www.ibtimes.com --- Saturday, June 29, 2013
Apple ranks as the leading smartphone maker in the U.S., while Android remains the nation’s top smartphone platform, according to comScore. ...

Source: http://www.ibtimes.comhttp:0//www.ibtimes.co.in/articles/484696/20130629/apple-no-1-smartphone-maker-u-s-apple-top-smartphone-manufacturer-in-u-s-apple-u-s-smartphone-market.htm

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Friday, June 28, 2013

Goodbye M&M's, hello granola bars as school snacks

FILE - In this May 3, 2006 file photo, a student purchases a brown sugar Pop-Tart from a vending machine in the hallway outside the school cafeteria, in Wichita, Kan. High-calorie sports drinks and candy bars will be removed from school vending machines and cafeteria lines as soon as next year, replaced with diet drinks, granola bars and other healthier items the Agriculture Department said Thursday June 27, 2013.(AP Photo/The Wichita Eagle, Mike Hutmacher, File)

FILE - In this May 3, 2006 file photo, a student purchases a brown sugar Pop-Tart from a vending machine in the hallway outside the school cafeteria, in Wichita, Kan. High-calorie sports drinks and candy bars will be removed from school vending machines and cafeteria lines as soon as next year, replaced with diet drinks, granola bars and other healthier items the Agriculture Department said Thursday June 27, 2013.(AP Photo/The Wichita Eagle, Mike Hutmacher, File)

(AP) ? Kids, your days of blowing off those healthier school lunches and filling up on cookies from the vending machine are numbered. The government is onto you.

For the first time, the Agriculture Department is telling schools what sorts of snacks they can sell. The new restrictions announced Thursday fill a gap in nutrition rules that allowed many students to load up on fat, sugar and salt despite the existing guidelines for healthy meals.

"Parents will no longer have to worry that their kids are using their lunch money to buy junk food and junk drinks at school," said Margo Wootan, a nutrition lobbyist for the Center for Science in the Public Interest who pushed for the new rules.

That doesn't mean schools will be limited to doling out broccoli and brussels sprouts.

Snacks that still make the grade include granola bars, low-fat tortilla chips, fruit cups and 100 percent fruit juice. And high school students can buy diet versions of soda, sports drinks and iced tea.

But say goodbye to some beloved school standbys, such as doughy pretzels, chocolate chip cookies and those little ice cream cups with their own spoons. Some may survive in low-fat or whole wheat versions. The idea is to weed out junk food and replace it with something with nutritional merit.

The bottom line, says Wootan: "There has to be some food in the food."

Still, 17-year-old Vanessa Herrera is partial to the Cheez-It crackers and sugar-laden Vitaminwater in her high school's vending machine. Granola bars and bags of peanuts? Not so much.

"I don't think anyone would eat it," said Herrera of Rockaway, N.J.

There are no vending machines at Lauren Jones' middle school in Hoover, Ala., but she said there's an "a la carte" stand that sells chips, ice cream and other snacks.

"Having something sweet to go with your meal is good sometimes," the 13-year-old said, although she also thinks that encouraging kids to eat healthier is worthwhile.

The federal snack rules don't take effect until the 2014-15 school year, but there's nothing to stop schools from making changes earlier.

Some students won't notice much difference. Many schools already are working to improve their offerings. Thirty-nine states have some sort of snack food policy in place.

Rachel Snyder, 17, said earlier this year her school in Washington, Ill., stripped its vending machines of sweets. She misses the pretzel-filled M&M's.

"If I want a sugary snack every now and then," Snyder said, "I should be able to buy it."

The federal rules put calorie, fat, sugar and sodium limits on almost everything sold during the day at 100,000 schools ? expanding on the previous rules for meals. The Agriculture Department sets nutritional standards for schools that receive federal funds to help pay for lunches, and that covers nearly every public school and about half of private ones.

One oasis of sweetness and fat will remain: Anything students bring from home, from bagged lunches to birthday cupcakes, is exempt from the rules.

The Agriculture Department was required to draw up the rules under a law passed by Congress in 2010, championed by first lady Michelle Obama, as part of the government's effort to combat childhood obesity.

Nutritional guidelines for subsidized lunches were revised last year and put in place last fall.

Last year's rules making main lunch fare more nutritious faced criticism from some conservatives, including some Republicans in Congress, who said the government shouldn't be telling kids what to eat. Mindful of that backlash, the Agriculture Department left one of the more controversial parts of the rule, the regulation of in-school fundraisers like bake sales, up to the states.

The rules have the potential to transform what many children eat at school.

In addition to meals already subject to nutrition standards, most lunchrooms also have "a la carte" lines that sell other foods ? often greasy foods like mozzarella sticks and nachos. That gives students a way to circumvent the healthy lunches. Under the rules, those lines could offer healthier pizzas, low-fat hamburgers, fruit cups or yogurt and similar fare.

One of the biggest changes will be a near-ban on high-calorie sports drinks. Many beverage companies added sports drinks to school vending machines after sodas were pulled in response to criticism from the public health community.

The rule would only allow sales in high schools of sodas and sports drinks that contain 60 calories or less in a 12-ounce serving, banning the highest-calorie versions of those beverages.

Low-calorie sports drinks ? Gatorade's G2, for example ? and diet drinks will be allowed in high school.

Elementary and middle schools will be allowed to sell only water, carbonated water, 100 percent fruit or vegetable juice, and low fat and fat-free milk, including nonfat flavored milks.

Republicans have continued to scrutinize the efforts to make school foods healthier, and at a House subcommittee hearing Thursday, Rep. Todd Rokita, R-Ind., said the "stringent rules are creating serious headaches for schools and students."

One school nutritionist testified that her school has had difficulty adjusting to the 2012 changes, and the new "a la carte" standards could also be a hardship.

The healthier foods are expensive, said Sandra Ford, president of the School Nutrition Association and director of food and nutrition services for a school district in Bradenton, Fla. She also predicted that her school district could lose $975,000 a year under the new "a la carte" guidelines because they would have to eliminate many of the popular foods they sell.

In a report released at the hearing, the Government Accountability Office said that in some districts students were having trouble adjusting to the new foods, leading to increased waste and kids dropping out of the school lunch program.

The food industry has been onboard with many of the changes, and several companies worked with Congress on the child nutrition law three years ago.

Angela Chieco, a mother from Clifton Park, N.Y., sees the guidelines as a good start but says it will take a bigger campaign to wean kids off junk food.

"I try to do less sugar myself," Chieco said. "It's hard to do."

___

Associated Press writer Stacy A. Anderson contributed to this report.

___

Follow Mary Clare Jalonick on Twitter at http://twitter.com/mcjalonick

Follow Connie Cass on Twitter at http://twitter.com/ConnieCass

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-06-27-US-Healthier-School-Foods/id-c92355a2c2a34c7fbad84bea65310568

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Corkscrew Lasers Are About to Revolutionize Internet Bandwidth

Corkscrew Lasers Are About to Revolutionize Internet Bandwidth

We transmit almost a thousand petabytes of data over the ?nets every month?an amount that?s growing exponentially, thanks to your narcissistic obsession with Snapchat. In fact, we?re quickly closing in on the limits of how much data optical fiber can transmit. Luckily, scientists at Boston University recently unveiled what could be the next generation of bandwidth tech.

Read more...

    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/fM8BRBUu-Cc/corkscrew-lasers-are-about-to-revolutionize-internet-ba-613647720

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Pa. transplant recipient still on breathing tube

PHILADELPHIA (AP) ? The mother of a 10-year-old Pennsylvania girl recovering after a double lung transplant says doctors tried to remove her breathing tube but were forced to reinsert it.

Janet Murnaghan (MUR'-nuh-han) says in a statement provided by a spokeswoman that her daughter, Sarah, "could not handle the reduced support" after the tube was removed Wednesday. She called the day "excruciating" and said it was "impossibly painful" watching her daughter struggle to breathe, so the girl was ultimately sedated and re-intubated.

Janet Murnaghan says doctors have assured the family that the day's events don't change Sarah's long-term prospects but just mean "she needs more time to regain her strength."

Sarah, who lives in Newtown Square, a Philadelphia suburb, suffers from severe cystic fibrosis. She underwent the transplant after a national debate over the organ allocation process.

Source: http://news.yahoo.com/pa-transplant-recipient-still-breathing-tube-121312706.html

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Thursday, June 27, 2013

Kerry: Urgent progress is needed on Mideast peace

AMMAN, Jordan (AP) ? Secretary of State John Kerry is beginning a new round of Middle East peace diplomacy, arriving Wednesday in Jordan, his base for talks between Israel and the Palestinians.

Kerry is to travel from Amman to Jerusalem on Thursday for dinner with Israeli Prime Minister Benjamin Netanyahu and has a lunch scheduled on Friday in Amman with Palestinian President Mahmoud Abbas.

At a news conference earlier in the day in Kuwait, Kerry expressed hope that two sides could make progress but denied press reports that any three-way meetings with both Netanyahu and Abbas were expected.

Kerry said he's set no specific deadline for making concrete progress in talks between Israel and the Palestinians that he's continuing this week, but that long before September there needs to be some kind of progress shown.

U.N. General Assembly, which reconvenes in September, voted overwhelmingly in November to upgrade the Palestinians from U.N. observer to non-voting member state. The Palestinians have said that if attempts at reaching an accord between the two sides fail, that they'd pursue a strategy of international recognition on their own, which would make finding peace in the decades-long conflict more elusive.

Kerry spoke during a news conference with Kuwait's emir, Sheik Sabah Al Ahmed Al Sabah. It is Kerry's fifth visit to the region since becoming secretary of state earlier this year.

"The time is getting near where we need to make some judgments. Last time, I was here, I said it's time for leaders to make some hard decisions," Kerry said. "That stands. It is time. Why is it urgent? It's urgent because time is the enemy of a peace process."

"I don't want to trap myself or any of the principals in this with arbitrary ? or somewhat ad hoc time limits," Kerry said.

But he added: "Long before September we need to be showing some kind of progress in some way. ...That's why I'm here for this visit and I hope it can be productive."

Kerry has been shuttling between the Israelis and the Palestinians in search of a formula to restart talks. So far, there have been no signs of a breakthrough.

Abbas is being propelled toward a stark choice that could come as soon as next week, define his legacy and set the course for his people in their conflict with Israel. Abbas' aides fear he's being pushed by the U.S. into dropping his conditions for negotiating with Netanyahu

Israeli settlements lies at the heart of the heart of the nearly five-year impasse in Mideast peace efforts. The Palestinians say they will not negotiate while Israel continues to construct settlements in territory they seek for a future state. Netanyahu says the fate of the settlements should be resolved in negotiations, and talks should resume immediately without any preconditions. The Palestinians claim the West Bank and east Jerusalem, which were captured by Israel in the 1967 Mideast war, as parts of a future state.

"We come at this carefully. We have been working towards, hopefully an understanding that allows everybody to move forward, notwithstanding the difficulties that people face in the politics of their own countries," he said. "Why am I confident that something can be down? Because I believe peace is understood by them ? both of them ? to be urgent."

On Syria, Kerry acknowledged that getting a transitional government set up in Syria would be a "hard lift."

But he painted a dire picture of the alternative to convening an international conference to reach a political resolution to the two-year civil war.

"The people of Syria are suffering ... the prospect a long, continued war, which is very possible, means not only will many, many people die, many more homes will be destroyed, cities be destroyed. Not only will you have more atrocities, more violations of human rights, even some small evidence here and there of some ethnic cleansing.

"Not only will you have all that, but you may ultimately have complete destruction of the state of Syria so that the army and the institutions will fall apart and you will have a complete sectarian breakdown and that becomes far more dangerous for all of the region because it will empower extremists as well as create ongoing sectarian strife" in the region.

He reiterated his called for Iran and the Hezbollah fighters, which are bolstering Assad's forces, to leave Syria ? a move he said would make it easier for a political resolution to be reached.

Source: http://news.yahoo.com/kerry-urgent-progress-needed-mideast-peace-130625075.html

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HTC 8XT with Windows Phone and BoomSound launching on Sprint this summer

BoomSound comes to Windows Phone with the HTC 8XT, coming to Sprint this summer

HTC's bone-shaking BoomSound front facing speakers are making their way to Windows Phone later this year. The 8XT, which appears to be a slightly tweaked variant of last year's 8S, will launch on Sprint's 4G LTE network for $99.99 with a two-year contract -- after a $50 rebate card. Powered by a 1.4 GHz dual-core Snapdragon 400 processor paired up with 1GB of RAM, we want to say the 8XT has the same 4.3 inch 720p screen as its older cousin, but the spec sheet in our hands merely says "crisp". The front of the phone has a 1.6-megapixel camera, while the rear has an 8-megapixel shooter. You'll also have to make do with 8GB of memory for your music, but microSD expansion means you can easily make room for more.

Update: We can now confirm the 8XT has a 800 x 480 pixel resolution screen.

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Source: Sprint, HTC

Source: http://www.engadget.com/2013/06/26/htc-8xt-sprint/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Tuesday, June 25, 2013

Start spamming your friends today for an early shot at Jay-Z's new album

JAY Z Magna Carta

Samsung is teaming up with rapper Jay-Z to bring 1 million copies of his upcoming album "Magna Carta Holy Grail" a few days before it goes on sale, and the Android app that'll do it for you is now available for download.

You'll need to have the Samsung Galaxy S3, Galaxy S4 or Galaxy Note 2 to participate. And then you'll need to log in using either Facebook or Twitter. And then you'll have to spam share content from the app with your friends. At 12:00:01 a.m. July 4, 1 million lucky fans will get the record that might or might not leak early anyway, a full three days before the official July 7 release.

read more

    


Source: http://feedproxy.google.com/~r/androidcentral/~3/YyYKOds1NZ8/story01.htm

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Qualcomm finishes $120 million investment in Sharp, becomes third-largest investor

Chipmaker Qualcomm has finalized its investment in beleaguered display manufacturer Sharp. Announced back in December 2012 and totaling $120 million, the second portion of the investment was delayed earlier this year when Sharp failed to satisfy conditions for the investment. Sharp's now confirmed the transaction, which gives Qualcomm a 3.53 percent share of the display maker, and will presumably increase its involvement on new screen tech being developed between the two companies. The combination of Qualcomm's MEMs display products and Sharp's high-resolution IGZO screens will apparently make its way into a number of devices in varying sizes. Qualcomm isn't the only company with a vested interest in Sharp's recovery, either -- Samsung also holds a 3 percent stake.

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Source: Sharp (PDF)

Source: http://www.engadget.com/2013/06/24/qualcomm-120-million-investment-in-sharp-complete/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Tuesday, June 18, 2013

Allies of Iran's outgoing president defeated

TEHRAN, Iran (AP) ? Allies of outgoing Iranian President Mahmoud Ahmadinejad have suffered a resounding defeat in local council elections, a clear rejection at the end of his term.

Not a single Ahmadinejad ally won a seat in Tehran. Parvin Ahmadinejad, the president's sister, was among the losers.

Final results were announced on Iranian state TV late Monday.

The 31 seats for the Tehran city council were won by a mix of conservatives and reformists. Local elections were held together with presidential elections on Friday. Relative moderate Hasan Rowhani was elected president without a need for a runoff.

The outcome was widely seen as a sign of public discontent with Ahmadinejad's combative positions, which have fueled fights with the West and punishing economic sanctions from the U.N over Iran's disputed nuclear development program.

Source: http://news.yahoo.com/allies-irans-outgoing-president-defeated-190541945.html

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Friday, June 14, 2013

The Pentagon as a Jobs Program, Part 3

A couple of months ago,?I cited the example of upgraded Abrams tanks?being shoved down the Pentagon?s throat by certain members of Congress because tank production = jobs back in the district. I followed that up with some?historical background on congressional Pentagon pork-barreling?that is discussed in former Reagan budget director David Stockman?s?new book. Yesterday, a?Wall Street Journal article?on congressional resistance to reprioritizing military spending provided a new example:

The battle over the Global Hawk is emblematic of the difficulty the Pentagon faces in trying to reduce its inventory while shifting its focus from the ground war in Afghanistan to emerging threats elsewhere.

The Defense Department has sought to ground the fleet of 18 Global Hawk Block 30 drones, which has been used to conduct surveillance from Afghanistan to Libya. The Air Force says its piloted U-2 planes have better surveillance equipment for the job?and that ending the Global Hawk program can save $2.5 billion over the next four years.

Lawmakers have not only rejected the Pentagon plans, but set aside $443 million to compel the Air Force to buy three more Global Hawks. On Tuesday, the Air Force said it is moving ahead with buying the drones even though it doesn?t want them.

Northrop can rely on bipartisan support. The planes are built in the district represented by Rep. Howard ?Buck? McKeon (R., Calif.), who heads the Armed Services Committee, which will consider a plan to keep Global Hawk running through 2016.

McKeon ??who has issues with numbers when it comes to military spending?? recently made news when it was?discovered by?Politico?that a lobbying firm run by his brother and nephews is taking on military-related companies as clients. In a statement to?Politico, McKeon said that ?We are knowledgeable about the [ethics] rules involved and will be devout in our adherence to both the letter and the spirit of those rules.? Well, that?s good to hear. It?s worth noting, however, that when it comes to congressional ethics rules,?the fox is guarding the henhouse.

Source: http://blog.tenthamendmentcenter.com/2013/06/the-pentagon-as-a-jobs-program-part-3/

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Tuesday, June 11, 2013

Stock futures drop after Bank of Japan disappoints, stoking stimulus jitters

By Leah Schnurr

NEW YORK (Reuters) - Stock futures fell on Tuesday after Japan did not offer new measures to calm its bond market, disappointing U.S. investors who are also trying to gauge the future direction of central bank policy at home.

The Bank of Japan kept monetary policy steady at the end of its two-day meeting, holding off on taking fresh steps to calm bond market volatility.

Japan in April announced a $1.4 trillion stimulus program, adding to central banks' efforts around the world to boost economic conditions.

The lack of further action rattled investors, underscoring worries about what will happen when the stimulus programs eventually go away. At the same time, nervousness remains over when the U.S. Federal Reserve may slow its measures, which have been a significant driver of this year's stock market rally.

"This market has been fed by extremely supportive government policies around the world," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.

"You're getting to that period where investors have to recognize that these policies are beginning to wrap up."

S&P 500 futures fell 14.4 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures dropped 115 points, and Nasdaq 100 futures lost 25.5 points.

The news also sent U.S. Treasury yields higher with the 30-year yield rising to a fresh 14-month high, according to Reuters data. The long bond last traded 31/32 in price with a yield of 3.427 percent.

Shares of Lululemon Athletica slumped 14 percent in premarket trading after the company's chief executive said she will step down. The stock was down at $70.80.

SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion. Sprint was up 4 percent at $7.47.

Dole Food jumped 22.6 percent to $12.50 after the company received an unsolicited buyout offer from its chief executive.

Catamaran Corp climbed after it signed a 10-year agreement with Cigna Corp . Catamaran rose 14.1 percent at $55.50.

Boeing raised its 20-year forecast for airplane demand, saying airlines will need 35,280 new jets worth $4.8 trillion as the world's fleet doubles.

Investors will also be watching a hearing by a German court on the legality of the European Central Bank's bond-buying program.

On the economic calendar, wholesale inventories data for April will be released at 10 a.m. (1400 GMT). Analysts expect inventories rose 0.2 percent in April.

(Editing by Kenneth Barry)

Source: http://news.yahoo.com/stock-futures-drop-bank-japan-disappoints-113007315.html

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