Wednesday, October 17, 2012

St. Jude 3Q earnings decline but beat estimates

ST. PAUL, Minn. (AP) ? Medical device maker St. Jude Medical Inc. reported third-quarter earnings Wednesday that beat expectations, though company shares slumped as the executives warned that the company could receive a regulatory warning over a California manufacturing plant.

On a conference call with analysts Chief Executive Dan Starks warned that the company's California-based defibrillator plant was inspected by Food and Drug Administration staffers. Starks said the visit could result in a warning letter to the company, which could negatively impact sales.

St. Jude shares fell $2.74, or 6.4 percent, to $42.94 in morning trading.

The company said sales fell 4 percent in the third quarter to $1.33 billion, due to austerity measures in Europe and a decrease in heart procedures in the U.S. Sales of the company's best-selling products, implantable heart defibrillators, fell 7 percent to $412 million. The devices use electrical shocks to correct dangerous irregular heartbeats that can cause heart attacks.

Net income fell to $176 million, or 56 cents per share, from $227 million, or 69 cents per share, a year earlier. Excluding various one-time expenses and charges, the company would have earned 83 cents per share. That was slightly better than the average forecast of analysts polled by FactSet for earnings of 81 cents per share on revenue of $1.34 billion.

St. Jude narrowed its full-year earnings guidance to between $3.42 and $3.44 per share. Previously, the company forecast earnings between $3.40 and $3.45. Analysts expect full-year earnings per share of $3.43, on average.

The company also announced it would repurchase up to $300 million in shares from investors.

Source: http://news.yahoo.com/st-jude-3q-earnings-decline-beat-estimates-152531033--finance.html

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Tuesday, October 16, 2012

Default Tricks ? Self Improvement Inspiration: Unlock The Good Life

Have you ever taken a long, laborious take a look at your life and felt depressed when you thought about issues that it lacked? Chances are high, you have. No one has an ideal life. There are countless and fixed methods by which a person can improve. Self-improvement motivation comes from a spot inside each of us that desires to be a greater person. There are several parts which might be thought-about a part of self-enchancment motivation.

Among the hottest are:

- Look enchancment ? Intellectual enchancment ? Financial enchancment

Dress to impress: Look enchancment is without doubt one of the hottest types of self-improvement motivation. For many people, there?s all the time a pound to be lost, a gray hair to be covered up, or new clothes to be purchased. Different folks get extremely obsessive about appearance improvement, paying thousands of dollars for nose jobs, liposuction, collagen implants, hair substitute, or different such procedures. Because of the media and the influence of Hollywood stars, people who find themselves young, old, male, and feminine have grow to be appearance improvement crazy. These are the often the identical people who really feel that look is all that matters in life.

Self-improvement motivation by the books: Intellectual motivation is another key element of self-enchancment motivation. The desire to turn into more educated or achieve extra knowledge on a subject drives many minds. Effectively-knowledgeable persons are usually perceived as powerful people. In any case, data is power.

In the present day, it?s no surprise that more and more center-aged adults are going again to high school to get their bachelor?s or grasp?s degrees. This need to get more training typically stems from the truth that most firms have an interest with workers who know tips on how to use the latest and biggest software and computer programs. Companies are additionally all in favour of workers which have an up-to-date education. Many companies, especially larger ones, pays for workers to return to highschool or be educated for a selected job.

Most faculties and universities even have persevering with schooling programs. These applications allow non-traditional college students to find out about a subject or grow to be educated on how to use applications for computers.

Financial improvement: One other essential aspect of self-enchancment motivation is monetary motivation. In actuality, most people need to have more cash than they have at present time. Perhaps an individual desires to buy a home, car, or an education. Maybe somebody needs to pay medical bills or authorized charges, or raise a child. Finances are key to surviving in right now?s world. Monetary self-enchancment motivation usually comes within the type of taking over a second or third job, investing in shares or bonds, or studying how to save money wisely. Monetary self-enchancment motivation may additionally embody asking a present employer for a promotion or a raise.

General, anything that motivates and in flip improves the physical, material, or psychological a part of a person is a type of self-enchancment motivation. Nobody is perfect, however many people can attempt to get as shut as we can.

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Source: http://www.defaulttricks.com/self-improvement-inspiration-unlock-the-good-life/

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Ice sheet retreat controlled by the landscape

ScienceDaily (Oct. 16, 2012) ? Ice-sheet retreat can halt temporarily during long phases of climate warming, according to scientists.

A UK team led by Durham University has found that the geometry of channels beneath the ice can be a strong control on ice behaviour, temporarily hiding the signals of retreat.

The findings, which provide the first simulation of past ice-sheet retreat and collapse over a 10,000-year period in Antarctica, shed new light on what makes ice stable or unstable and will help refine predictions of future ice extent and global sea-level rise, the researchers say.

The International Panel on Climate Change (IPCC) has stated that one of the main challenges in predicting future sea-level rise is to quantify and model the interactions between evolving ice sheets, oceans, sea level and climate. Significant efforts have been made over the last decade to develop computer models and collect data in order to reduce uncertainties and understand the potential impacts under scenarios of future climate change.

The results of the new research from Durham University, the University of Sheffield, the University of Cambridge, and the British Antarctic Survey are published in the journal Nature Geoscience.

Lead author Dr Stewart Jamieson, a glaciologist at the Department of Geography, Durham University, said: "Our research shows that the physical shape of the channels is a more important factor in controlling ice stability than was previously realised. Channel width can have a major effect on ice flow, and determines how fast retreat, and therefore sea-level rise, can happen.

Although climatic and oceanic changes are crucial drivers of ice loss, the research shows that the landscape below the ice strongly controls the speed of any retreat.

Dr Jamieson said: "Our results suggest that during an overall phase of retreat an ice stream can appear almost stable when in fact, in the longer-term, the opposite may be the case.

"Getting a clearer picture of the landscape beneath the ice is crucial if future predictions of change in the ice-sheets and sea level are to be improved."

Marine-based ice streams are the fast flowing arteries of ice sheets, draining approximately 90 per cent of the ice that reaches the sea. They flow through large channels where the ice can move thousands of metres in a year. According to the scientists, the unpredictable nature of ice streams makes forecasting ice-sheet retreat extremely difficult. If ice streams speed up they can cause sea level to rise.

Durham University co-author Dr Chris Stokes said: "Ice streams are like taps filling a bath, but the problem here is that we do not know if something is suddenly going to turn them up or even turn them down."

Satellite imagery from the last 20 years has led to advances in our knowledge of ice sheet stability and has shown that many ice streams are getting thinner and retreating because the ocean and climate are warming. The new research shows that ice behaviour over thousands of years can successfully be simulated in places where ice streams meet the sea.

The researchers looked at the landscape of the seafloor in Marguerite Bay, in the Antarctic Peninsula, and saw that during a rapid phase of recession 13,000 years ago, retreat paused many times. Using a computer model designed to work in situations of rapid change, they found they could reproduce the same pattern in a series of simulations. These showed that ice dragged on the sides of the channel more where it was narrow, causing retreat to slow and in places temporarily stop for decades to centuries before retreat continued.

Many ice streams are found in channels with beds that are below sea level and that deepen inland. Current theory suggests that ice loss can increase rapidly in deeper water, but the new findings show that channel width plays a crucial role and that narrow bottlenecks in the landscape beneath the ice can cause retreat to slow down.

Dr Andreas Vieli, Department of Geography, Durham University, said: "We can see from our simulations and from new maps of the ocean floor that these bottlenecks occur in the same place as pauses or slowdowns in past ice retreat. This means we should look more closely at the shape of the bed underneath Greenland and Antarctica to better understand how ice might retreat in the future."

The researchers say that understanding ice-stream behaviour and the rate of mass loss from ice sheets and glaciers is essential.

DrClaus-Dieter Hillenbrand, from the British Antarctic Survey, said: "Knowledge of the factors influencing stability and retreat of ice streams is of particular concern because significant portions of the West Antarctic and Greenland ice sheets are currently losing mass that contributes significantly to sea-level rise. Our model results help to explain the apparently time-transgressive retreat of ice streams around Antarctica following the last ice age."

The research was financially supported by the Natural Environment Research Council, UK.

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Story Source:

The above story is reprinted from materials provided by Durham University.

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Journal Reference:

  1. Stewart S. R. Jamieson, Andreas Vieli, Stephen J. Livingstone, Colm ? Cofaigh, Chris Stokes, Claus-Dieter Hillenbrand, Julian A. Dowdeswell. Ice-stream stability on a reverse bed slope. Nature Geoscience, 2012; DOI: 10.1038/ngeo1600

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/GF3LHS3L4a0/121016173136.htm

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Monday, October 15, 2012

South Africa labor turmoil hitting growth

JOHANNESBURG (Reuters) - Two months of crippling labor turmoil are likely to force South Africa to look again at its economic growth forecasts, the central bank's deputy governor said on Sunday.

Wildcat strikes that started in the platinum mines have left more than 50 people dead and spilled to other industries, undermining investor confidence in Africa's biggest economy and tarnishing President Jacob Zuma's government.

More than 70 miners were arrested after clashes with police over the weekend and workers at Anglo American Platinum pledged to press on with their wildcat strike even after the company dismissed thousands of strikers.

"Growth forecasts will most likely need to be revisited," Reserve Bank Deputy Governor Daniel Mminele said in a speech to a JP Morgan investor seminar in Tokyo that was posted on the central bank's website.

The Reserve Bank's latest economic growth forecasts were for an average 2.6 percent this year and 3.4 percent next - still far short of the rate South Africa reckons it needs to cut unemployment accounting for a quarter of the labor force.

It was not immediately clear whether those growth forecasts, given in September, were the ones Mminele was referring to.

In another knock for South Africa, Standard and Poor's cut its credit rating on Friday, citing the strikes and social tensions. Moody's downgraded South Africa in September.

Reacting to the downgrades, Mminele said they were disappointing, but some of the criticism was valid.

IMPACT OF WAGES

Financial analysts are not only worried by the turmoil, but also by the possible impact on inflation of wage rises that some of the strikers have won - up to 22 percent in the case of Lonmin Plc miners.

The central bank had yet to see evidence that hefty wage increases were becoming the norm, but would have to keep a close eye on them in case they had a spillover in pushing up prices or expectations of price rises, Mminele said.

Clashes continued over the weekend, nearly two months after police shot dead 34 strikers at Lonmin's Marikana mine on August16, the bloodiest security incident in South Africa's post-apartheid history.

Police broke up a sit-in by nearly 600 miners from a Gold Fields mine demanding the release of colleagues at a police station, about 45 km (30 miles) west of Johannesburg. Seventy-two miners were arrested.

Near Rustenburg, in the "platinum belt" about 120 km (75 miles) northwest of Johannesburg, police fired tear gas and rubber bullets after a march on an Anglo American Platinum mine turned violent. Four protesters were arrested.

Miners at Amplats, as the company is known, will continue their strike on Monday, a labor leader said, even after the company sacked 12,000 strikers.

Evans Ramokga said the strike committee would meet on Monday to discuss "how we bring the management closer to us, how we can engage them." But he told Reuters that workers were not afraid of more dismissals.

President Zuma's government has been criticized for allowing the strikes to spread, as well as failure to address yawning class divisions and grinding poverty that still characterize South Africa 18 years after the end of apartheid.

Zuma faces a significant threat from members of the ruling African national Congress who are lobbying for his removal as head of the party at a scheduled leadership election in December. He held a "social dialogue meeting" on Friday with union and business leaders and some cabinet ministers to discuss the economy.

But the meeting appeared to deliver little new: Zuma's office released a statement pushing the need for improved industrial relations and condemning the violent strikes.

Separately, Mines Minister Susan Shabangu was quoted by local media on the need for the ANC to drop talk of nationalization. Some members of the party have lobbied for increased state intervention in the industry.

(Editing by Matthew Tostevin)

Source: http://news.yahoo.com/south-africa-labor-turmoil-hitting-growth-130036417--business.html

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Help Struggling Americans Hold Onto Their Homes: Appoint New ...

By Kevin Rychel

Target: President Obama

Goal:?Replace acting?Federal Home Financial Agency?director Edward DeMarco with someone who has the American people?s best interests in mind

Economists across the political spectrum agree that targeted debt relief ? i.e. reducing the principal (the initial amount borrowed, and therefore owed) on mortgages of American homeowners facing foreclosure ?? would help many Americans keep their homes. This is especially relevant for the 11 million borrowers who owe more on their mortgage than their house is worth.?Nonetheless, current Federal Home Financial Agency (FHFA) director Edward DeMarco refuses to implement this policy citing ?moral hazard? ? or rather, that principal reduction would somehow encourage some borrowers to strategically stop paying their mortgage ? as his excuse. Most economists and legal scholars reject the notion that a significant number of American borrowers would stop paying their mortgages as a result of a targeted debt relief policy. What?s more, the institution headed by DeMarco, the FHFA, itself estimates that principal?reduction could provide up to $500 million worth of relief to taxpayers. The Treasury department estimate is even higher, at $1 billion.

DeMarco has stated outright that his interests do not lie in providing relief for struggling American homeowners but in ?preserving the assets? of Fannie Mae and Freddie Mac, the two government-owned mortgage-holding banks consolidated under the FHFA. In this sense he is clearly unfit for his position and many (including the Obama administration) have sought to have him removed from his position. However, Senate Republicans have blocked President Obama from appointing someone else to his position.

The President can get rid of Edward DeMarco. Like he did with the appointment of Consumer Financial Protection Bureau director Richard Cordray, the President can use a Senate recess to appoint a new director to the FHFA (DeMarco is the acting director). As long as DeMarco opposes policies that would provide needed relief for homeowners facing foreclosure, he demonstrates his ineptitude as the FHFA acting director. Americans struggling with foreclosure deserve someone who will speak for their interests. Demand that President Obama take action to remove Edward DeMarco.

PETITION LETTER:

Dear President Obama,

American homeowners are in trouble. Foreclosures, both legal and illegal, are going on across the country and Americans are struggling to keep their homes. Economists and policy makers ? including those in your own administration ? agree that principal reduction is the right action to take in the wake of America?s foreclosure crisis. But the acting Federal Home Financial Agency director, Edward DeMarco, continues to oppose this policy on abstract moral grounds that have nothing to do with the problem at hand ? helping struggling Americans hang on to their homes.

I understand the Senate has blocked your attempt to dismiss DeMarco. This isn?t your only course of action though. Like you did with the appointment of Consumer Financial Protection Bureau director Richard Cordray, you can use a recess appointment to appoint a new head for the FHFA.

Mr. President, you can use your power to appoint someone who speaks for the interests of Americans struggling with foreclosure. Please replace Edward DeMarco with someone who cares about struggling homeowners.

Sincerely,

[Your Name Here]

Photo Credit: ProPublica;?Chip Somodevilla/Getty Images

Source: http://forcechange.com/36992/help-struggling-americans-hold-onto-their-homes-appoint-new-federal-home-financial-agency-director/?utm_source=rss&utm_medium=rss&utm_campaign=help-struggling-americans-hold-onto-their-homes-appoint-new-federal-home-financial-agency-director

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Presidential polls: Politics, like Major League Baseball, is numbers-driven

With 23 days and two important debates before Election Day, the presidential race could see major twists and turns. Here are that latest polling data, including an apparent advantage for Obama among early voters.

By Brad Knickerbocker,?Staff writer / October 14, 2012

President Barack Obama and Republican presidential nominee Mitt Romney during their first presidential debate at the University of Denver, Oct. 3. They face off again this coming Tuesday.

Charlie Neibergall/AP

Enlarge

At this point in the presidential race ? 23 days and two important debates until Election Day ? reading public opinion polls can become obsessive. Together with another numbers-driven professional sport ? post-season Major League Baseball ? it?s almost too much to bear for a Decoder scribe with a BA in English and an old Radio Shack calculator.

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But we?ll try to sort out the latest numbers (while waiting for Sunday?s MLB playoff games to begin, wondering how the Yankees will do without injured Derek Jeter and his post-season .364 batting average).

Everyone knows that Republican Mitt Romney has squeezed the race into a dead heat since he bested Democrat Barack Obama in their first debate. The Joe Biden-Paul Ryan vice presidential encounter probably was a draw, although Biden?s eye-rolling, exaggerated sighing mannerisms, and Mr. Buttinski tactic apparently turned off a lot of people.

RELATED:?Presidential debate: 7 defining moments in history (+video)

Still, Sunday morning brought some good news for incumbent Obama, hunkered down in preparation for Tuesday?s town hall-style debate, as is Romney.

According to Reuters/Ipsos polling data compiled in recent weeks, Obama leads?Romney?by 59 percent to 31 percent among early voters ? a 28-point advantage.

?The sample size of early voters is relatively small, but the Democrat's margin is still well above the poll's credibility interval ? a measurement of polls' accuracy ? of 10 percentage points,? Reuters reported Sunday morning.

Early voting was an important element in Obama?s 2008 win over John McCain, and it may be even more so this year.

?Seven percent of those surveyed said they had already voted either in person or by mail?. Voting is already under way in some form in at least 40 states,? according to Reuters. ?Both the Obama and Romney teams are urging supporters to vote as soon as possible so the campaigns can focus their door-knocking and phone-calling operations on those who are still undecided or need more prodding to get to the polls.?

Both campaigns see the tactical importance here.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/Ri9bQteMWK0/Presidential-polls-Politics-like-Major-League-Baseball-is-numbers-driven

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Sunday, October 14, 2012

Paper Flowers. - Finally saw THE AVENGERS...

...and I honestly can't say anything more coherent outside HOLY SHIT AMAZING.

Things I loved:

-The dialogue. Seriously, considering that we have Joss Whedon writing, we've got a lot of great lines. It's really hard to pick, but some of my favorites include Jonah not being a role model, as well as this exchange:

LOKI: I have an army.

TONY STARK: We have a Hulk.

Speaking of which...

-Though pretty much everyone fucking *owned* in this movie, Tony Stark was one of my favorites. Seriously. He's always been one of my favorites (at least in the movies; I am...not really a comic book reader, normally), but here? He just owned. His talk with Loki, for example -- I mean, you've got someone facing down Loki, of all beings, without so much as batting an eyelash. Not to mention his line: "If we can't protect the earth, you'll be damned well sure we'll avenge it." Not to mention him flying the fucking missile into the heart of the Tesseract before Black Widow closes the breach.

-Speaking of Black Widow, her scene with Loki...holy *shit*. 0.0. I'm going to be free to say that Loki Hannibal Lecturing her really honest to God scared me. Massive kudos to her for not actually losing her cool.?

-Also, Banner chasing after her as the Hulk. Holy *shit*. 0.0. Had to LOL afterwards at that one guy helping Banner out after he changes back from being the Hulk, mostly when he asked if Banner was an alien. It was funny in a really weird way.?

-Also really loved the scene with Black Widow helping Banner out after that whole freak out with the Hulk.

-The Hulk also really, really kicked ass in the climactic fight. I mean, my God! :D Especially what with him royally *beating the shit* out of Loki.

-Speaking of Loki, Tom Hiddleston was absolutely amazing as him. I was actually thinking of seeing THOR if only for him -- I know someone once said that he really liked Loki in THOR just because he was a villain with actual motivations for his actions. And I agree. And in the AVENGERS, I loved the scenes between him and Thor, especially when Thor is just pleading for him to leave the dream of seizing power behind and come back home to Asgard. I...seriously, Chris Hemsworth was absolutely magnificent in that scene.

-The action scenes were fucking *awesome*. Especially that climactic fight in the city against the Tesseract and all its monsters.

-Coulson's death... *Sniffles* Especially in regards to what they say about him next: he died believing in heroes. And even in his last moments how he went out defying Loki. Seriously, awesome.

-I also love the fight in the beginning, what with the fledgling Avengers team kicking ass and taking names. Especially Captain America -- he was awesome! And the quote earlier, with one old man refusing to kneel before Loki because he won't kneel before men like him:

LOKI: There are no men like me.

OLD MAN: There are always men like you.?

+ And the fight between Iron Man and Thor before Captain America breaks it up -- not just because it was very well-done, but because of the sheer emotion behind it in regards to their contrasting goals. Iron Man's mostly trying to get Loki back and thus the Tesseract, while Thor's trying to help Loki.?

* And subsequently, Thor's fight against Loki during the climax.?

+ Honestly, I think amongst my favorite scenes were pretty much everything between Thor and Loki. Seriously.

-Also love Loki's line after he wakes up and finds himself surrounded by the Avengers: "If it's that important to you, I'll have that drink now."

-Also loved the news recap. And yay, a Stan Lee cameo! :D?

-Honestly, all of the ending scene was just...awesome. :3 Hell, the whole movie was just awesome.?

Only Bad Things:

-Didn't stay for the end credits scenes. Hopefully some other time.

So honestly? Loved THE AVENGERS, so very much. Definitely recommend. :3?

Source: http://ladyhadhafang.livejournal.com/322308.html

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