creel jerome: March 2013

Thursday, March 28, 2013

Stocks end day mixed; S&P slightly below record

JeeYeon Park , CNBC ? ? ? 8 hrs.

Stocks recovered most of their earlier losses to close narrowly mixed Wednesday, with the S&P 500 finishing slightly below its closing high, as ongoing economic and political concerns over Europe kept a lid on gains.

(Read More: It's Back! Dark Clouds From Europe Stall US Bull Run)

The Dow Jones Industrial Average shaved most of its early losses. JPMorgan led the blue-chip laggards, while Intel gained. The Dow was down as much as 120 points earlier before recovering.

The S&P 500 and the Nasdaq erased most of their losses to close narrowly mixed. The S&P has zigzagged between gains and losses for the last seven sessions.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near.

Major averages ended near their best ever levels on Tuesday, with the Dow posting a new high and S&P 500 finishing less than 2 points from its closing peak.

(Read More:Bulls Revved Up to Take Out Next Stocks Milestone)

Among key S&P sectors, telecoms were lower, while health care rose.

On the economic front, pending home sales slid 0.4 percent in February, according to the National Association of Realtors. Economists polled by Reuters expected a 0.2 percent decline, compared with a 4.5 percent rise in the prior month.

(Read More: Housing Headwinds Still Exist: Shiller)

In Europe, political deadlock continued in Italy as the country's main leadership candidate Pier Luigi's Bersani reportedly said that only an "insane person" would want to govern the nation now, adding that Italy is "in a mess and faces a difficult year ahead."

Bersani made the remark after the anti-establishment "Five Star Movement" party headed by comedian Beppe Grillo again refused to form a coalition government with Bersani, thwarting his latest attempts to form a governing alliance.

(Read More: Hey Euro Zone, You Overrate Yourself: Moody's)

A political stalemate since its inconclusive elections in late February has spiked concerns over how the country will handle its growing debt problems. Italy paid more to borrow over five years than it has since October at its latest auction, indicating worries over its financial situation.

The euro extended its losses below $1.28 against the U.S. greenback, its lowest level since late November.

Elsewhere in Europe, Cyprus is finalizing financial control measures to prevent a run on its banks, which have been shut for a week since the country agreed to a conditional 10 billion euro ($12.8 billion) bailout from international lenders. Cypriots have been lining up to withdraw cash from ATMs, with limits at 100 euros a day for some banks.

"Banks will open on Thursday ... We will look at the best way to limit the possibility of large sums of money leaving, and not imposing punitive conditions on the economy, businesses and individuals," Cypriot Finance Minister Michael Sarris said in an interview on Cypriot television.

"Cyprus is a reason to remind investors that Europe is a source of risk, but I'm not sure Cyprus itself is going to be enough [for a market pullback from the recent run-up]," said Thomas Lee, chief U.S. equity strategist at JPMorgan. "The big picture still points to a major secular bull market being underway, with at least another four years left, led by durable goods."

Trading is likely to be thin ahead of the three-day Easter weekend. U.S. markets will be closed Friday for Good Friday.

Comcast edged higher after the Supreme Court ruled in favor of the cable company in an antitrust case over how much the company charged subscribers. (Comcast is the parent company of NBCUniversal.)

Wal-Mart declined after the world's largest retailer said that probes into alleged foreign bribery at its stores are likely to result in a financial loss. Separately, the company said it would start using stores to get Internet orders to shoppers faster, amid growing competition from online rivals such as Amazon.com.

Boeing edged lower as its 787 Dreamliners face a temporary ban on some of the transocean flights, which would be a costly new challenge for the company.

Cliffs Natural Resources plunged to lead the S&P 500 laggards after Morgan Stanley downgraded the iron ore and metallurgical coal producer to "underweight" from "equal-weight." Rivals Alpha Natural Resources and Peabody Energy also traded lower.

Mattress Firm soared more than 10 percent after the mattress maker provided solid guidance for fiscal 2013. In addition, Raymond James upgraded the company to "outperform" from "market perform." Other mattress companies bounced higher, including Tempur-Pedic and Select Comfort.

Weekly mortgage applications rebounded last week as interest rates pulled back for the first time in three weeks, according to the Mortgage Bankers Association.

Paychex and Red Hat are among notable companies scheduled to report earnings after the closing bell.

Earlier, Boston Fed President Eric Rosengren supported the central bank's asset purchase program, saying it is having the desired impact of speeding up the pace of the recovery and should be continued through the end of the year. Meanwhile, Cleveland Fed President Sandra Pianalto said the Federal Reserve should consider tapering off the pace of its bond-buying stimulus plan if the U.S. economy continues to show signs of improvement.

And Minneapolis Fed President Narayana Kocherlakota said the Fed should ease monetary policy further to bring the unemployment rate down at a faster rate. Kocherlakota expects the jobless rate to be close to 7 percent by the end of 2014, and forecasts growth around 2.5 percent this year and 3 percent next year.

Treasury prices held their gains after the government auctioned $35 billion in 5-year notes at a high yield of 0.760 percent. The bid-to-cover ratio, an indicator of demand, was 2.73.

(Read More: Global 'Triple-A Ratings Club' Shrinks 60 Percent)

?By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Source: http://feeds.nbcnews.com/c/35002/f/653351/s/2a110053/l/0L0Snbcnews0N0Cbusiness0Cstocks0Eend0Eday0Emixed0Esp0Eslightly0Ebelow0Erecord0E2B910A4578/story01.htm

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Citigroup looks to cut cash holdings to boost earnings

By David Henry

NEW YORK (Reuters) - Citigroup Inc is considering cutting its cash on hand by about $35 billion, which should help the bank buy higher yielding assets or redeem expensive debt to boost earnings.

Making the change will signal that the management of the third-largest U.S. bank by assets, which had to be rescued three times by the U.S. government in the financial crisis, is increasingly confident that its worst troubles are well behind it.

The move could give a 2 percent boost to Citigroup's bottom line this year and keep the bank's lending margins relatively strong even as competitors suffer from low interest rates.

The bank has enough liquid assets to cover an estimated 37 days of the cash drain expected in a scenario of acute stress under pending new regulations, based on Citi's financial reports through December. Treasurer Eric Aboaf and other executives would like to reduce that to about 33 days of coverage, or 10 percent more than is to be required under the new international rules known as the Basel III liquidity coverage ratio.

"In the framework of managing a company efficiently, that would be a good thing to do" over the next year or so, Aboaf told Reuters in an interview.

While the move would reduce the bank's pool of cash and liquid assets by about 10 percent, Citigroup would still have 10 percent more liquidity than regulators say they will demand. JPMorgan Chase & Co, which analysts and investors often see as a stronger bank than Citigroup, is below the pending regulatory minimum.

Citigroup may feel more confident, but the bank is also leaving itself a little more vulnerable to big swings in markets and economies around the world. Cash on hand is critical for staving off runs on the bank during bad times.

The Federal Reserve has not commented publicly on Citigroup's liquidity, but earlier in March it approved the company's capital plan as strong enough to withstand a stress test. The U.S. regulator is part of the international body that has drafted the new liquidity requirement that Citigroup exceeds.

"At the moment it is appropriate for Citi to take down their cash, but if we end up with very volatile capital markets and Citi is caught in that, then people will start to question them," said Charles Peabody of Portales Partners, a research firm for institutional investors.

Given Citi's huge problems in recent years it might seem surprising that it has so much leeway to reduce cash. By contrast JPMorgan, which maneuvered through the financial crisis less scathed than most major U.S. banks, has estimated it is 17 percent short of the expected Basel III levels, which are to be phased in by 2019.

Citigroup has had to be more conservative than JPMorgan because investors and regulators were less confident in it, but Citi's fortunes have turned, thanks in part to the U.S. housing market stabilizing.

During the financial crisis, while Citigroup struggled to survive, the U.S. authorities turned to JPMorgan to help them salvage failed financial institutions.

Even as recently as a year ago, Moody's Investors Service cut Citigroup's ratings as part of a broader financial services review globally. In March of last year, the Federal Reserve publicly rejected Citigroup's capital plan. It was a blow to confidence in the bank, as well as a sign of Citigroup's strained relationships with regulators. Executives at Citigroup had other reasons to be cautious too, including the European debt crisis, and the bank's portfolio of troubled mortgage assets left from the financial crisis.

But in recent months, the tide has turned. The bank has changed its leadership, pushing out Vikram Pandit and bringing in Michael Corbat, who has been assiduously building bridges with regulators. With the U.S. housing market starting to recover, the bank's losses on its portfolio of bad assets are abating, and the bank passed the Fed's stress test this year. In fact, that test suggested that Citigroup is safer than JPMorgan now. The regulator approved a plan for Citigroup to return $1.2 billion of additional capital to shareholders.

The bank's liquidity pool has reflected this shift. At the end of March 2012, Citigroup had $421 billion of cash on deposit at central banks and other unencumbered liquid assets, enough to cover about 43 days of acute stress and equal to about 22 percent of the bank's total assets, more than twice the percentage at the end of 2007 when the financial crisis had just taken hold.

In the middle of last year, as things started looking up for the bank, it quietly began to tap its liquidity, a move that accelerated in the fourth quarter as the company reduced its long-term debt by $32 billion and cut interest expense.

The draw left Citigroup's pool of liquid assets at $354 billion at year-end, $67 billion less than in March last year, but still at a level that CreditSights senior analyst David Hendler calls "robust."

"You really don't need that much liquidity," said a bond investor at a large money management firm who buys Citi debt and who declined to be named. He called the pile "excessive."

Citigroup had $1.86 trillion of assets at the end of December.

TURNING TIDE

With Citigroup lowering its cash holdings in the fourth quarter, the bank managed to lift its interest profit margin, known as its net interest margin, even as JPMorgan's margin fell.

Much the same could happen in coming quarters. While Citigroup has not committed to exactly when it will bring its liquidity down and by how much, the company, in contrast to JPMorgan, has guided analysts to expect steady interest profit margins, in the face of industry-wide low rates.

Those stable margins will help the bottom line. Drawing down the $35 billion of excess liquidity could easily save $350 million of interest expense, or about two percent of 2013 earnings, said Moshe Orenbuch, a bank analyst at Credit Suisse. The gains could be greater if the company were able to use the cash to make loans with attractive yields, he said.

In contrast, JPMorgan, which has not been under pressure to hold so much cash, is now increasing its holdings. Its Chief Financial Officer Marianne Lake told analysts in February that the company can quickly reach the liquidity requirements by steps including cashing out longer-term securities and taking in more deposits. JPMorgan intends to reach the minimum by year-end, the company said in a filing. But a measure of the bank's lending profitability, known as net interest margin, will suffer as a result, Lake said.

JPMorgan has accelerated plans to meet other upcoming Basel III requirements since losing $6.2 billion in its "London Whale" derivatives trades last year.

A JPMorgan spokesman declined to comment for this story.

Morgan Stanley has said its liquidity exceeds 100 percent of the new Basel III requirement, while Bank of America Corp and Goldman Sachs Group Inc have yet to disclose their liquidity scores under the new requirements.

How good the regulators' new liquidity requirements are at showing which banks are safe won't be known for sure until they are tested in a crisis, analysts said.

The new requirements were drafted after the 2008 bankruptcy of Lehman Brothers, which happened as executives of the investment bank insisted they had more than enough liquidity.

But the sums Lehman said were available included securities that were pledged as collateral on derivatives trades, as well as instruments that could not be quickly turned into cash to pay creditors, according to a report by an examiner appointed by the bankruptcy court in the case.

Aboaf of Citigroup, which held some of Lehman's collateral, said none of the assets his bank counts as liquid are encumbered. (Reporting by David Henry in New York; Editing by Claudia Parsons)

Source: http://news.yahoo.com/citigroup-looks-cut-cash-holdings-boost-earnings-065958504--sector.html

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Saturday, March 23, 2013

American Idol Results: Who's Out? Who's in the Top 8?

Source: http://www.thehollywoodgossip.com/2013/03/american-idol-results-whos-out-whos-in-the-top-8/

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Want To See Pictures Of Twitter's Office Visitors? Meet @Twisitor

There are Twitter accounts for almost everything these days. Some people I know have accounts set up for their pets, then there are toasters, beds, drones and so on. The company itself has a fun account called @Twisitor, which was a project built during one of Twitter’s quarterly hackweeks. There’s a camera in the lobby of Twitter’s new San Francisco office and it will snap a photo of anyone who stands in front of it. Once it does that, guess what’s next? You guessed it, a tweet goes out from the Twisitor account. It’s a great representation of the culture at Twitter, where its employees eat its own dogfood, or in this case…birdfood. Its first tweet was from January 11th, so it’s still relatively new. I’ve been to quite a few tech startup offices and each has its own bit of style and flair. When you go to Facebook, there’s always a video of someone on the team talking about the company, at Google there’s usually some comfy couches to sit on with free WiFi to use but Twitter takes the cake with Twisitor. Here are a few sample tweets from those who have visited the flock: There’s even an account that follows Twisitor, called TwisitorCameo, which points out all of the people that were unnamed in the background of photos. It’s interesting to see internal culture showcased publicly on the service that these employees work really hard on building. The hacked project was built by Mo Kudeki, an International Engineer at Twitter, along with @nick, @wyz, @marcelduran and a few other folks. The neat part about hackweek, I’m told, is that teams are comprised of employees all over the company. I’ve been hot on Twisitor’s tracks for some time, but this tweet from her filled in some color as to where the camera is in the lobby, nestled inside of a birdhouse, where people stand to get their picture taken: If you’d like to see tweets from other parts of Twitter’s office, you can follow Twoffice and Lawrence T. Bird.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/a4-0XoVuKVY/

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Friday, March 22, 2013

The Democrats? Job-Destroying, Wealth-Destroying Budget (Powerlineblog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/293498879?client_source=feed&format=rss

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China's glamorous new first lady an instant internet hit

By Ben Blanchard

BEIJING (Reuters) - With a smile on her face, dressed in a simple black peacoat and carrying an elegant unbranded bag, China's new first lady, Peng Liyuan, stepped into the international limelight on Friday and became an instant internet sensation back home.

Stepping off the aircraft in Moscow - the first stop of President Xi Jinping's maiden foreign trip since assuming office - Peng's glamorous appearance and obvious affection for her portly husband caused Chinese microbloggers to swoon.

"So beautiful, Peng Liyuan, so beautiful! How composed, how magnanimous," wrote one user on China's popular Twitter-like service Sina Weibo.

"Who could not love such a lady as this and be insanely happy with her?" wrote another.

Taobao, an online shopping site similar to eBay and Amazon, quickly began offering for sale coats in the same style of Peng's, advertising it as "the same style as the first lady's".

Others wondered what brand her bag and shoes were.

"Her shoes are really classic, and who designed her bag?" wrote a third Weibo user.

Peng is best known in China as a singer, and for many years was arguably better known and certainly more popular than her husband.

People who have met her and know her say that Peng is vivacious and fun to be around, though she was ordered to take a back seat after Xi became vice president in 2008 as he was being groomed for state power.

But she is expected to be given high-profile events of her own to attend on Xi's sweep through Russia, Tanzania, South Africa and the Republic of Congo on a week-long trip, as the government tries to soften the image of China abroad.

Peng has won praise for her advocacy for pet causes, most notably for children living with HIV/AIDS, and may visit charities related to this while abroad.

Unlike the baby-kissing politicians of the West, China's Communist Party works hard to keep its top leaders from appearing too human - to the point that for many, even their official birthdates and the names of their children are regarded as a state secret.

Xi and Peng are different. Their romance has been the subject of dozens of glowing reports and pictorials in state media.

"When he comes home, I've never thought of it as though there's some leader in the house. In my eyes, he's just my husband," Peng gushed in an interview with a state-run magazine in 2007, describing Xi as frugal, hardworking and down-to-earth.

Peng is Xi's second wife, and the two have a daughter studying at Harvard under an assumed name. Xi divorced his first wife, the daughter of a diplomat.

Chinese first wives have traditionally kept a low profile over the past few decades, because of the experience of Jiang Qing, the widow of the founder of Communist China, Mao Zedong.

Jiang was the leader of the "Gang of Four" that wielded supreme power during the 1966-76 Cultural Revolution. She was given a suspended death sentence in 1981 for the deaths of tens of thousands during that period of chaos.

(This story corrects the year Xi became vice president to 2008)

(Additional reporting by Megha Rajagopalan and Beijing newsroom, and Anita Li in SHANGHAI; Editing by Nick Macfie)

Source: http://news.yahoo.com/chinas-glamorous-first-lady-instant-internet-hit-121341338.html

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Pain reliever shows anti-viral activity against flu

Mar. 21, 2013 ? The over-the-counter anti-inflammatory drug naproxen may also exhibit antiviral activity against influenza A virus, according to a team of French scientists. The finding, the result of a structure-based investigation, is published online ahead of print in the journal Antimicrobial Agents and Chemotherapy.

New influenza vaccines must be developed annually, because the surface proteins they target mutate rapidly, the way cars used to get a whole new look every year. The researchers, led by Anny Slama-Schwok of the Institut National de la Recherche Agronomique, Jouy en Josas, France, found a much more stable, reliable target for anti-influenza activity. The so-called ribonucleoprotein complexes are necessary for replication, and the researchers realized they could target the nucleoprotein, preventing assembly of the complexes. Because of its vital function, the nucleoprotein is highly conserved, making it a good potential target for antiviral drugs.

The nucleoprotein's three dimensional structure, solved in 2006, provided the basis for searching for new drugs that could interfere with its action. The researchers did a virtual screening within the Sigma-Aldrich online catalog of biochemicals. That screening identified Naproxen, better known as the over-the-counter pain reliever Aleve, and as expected, it bound to the nucleoprotein, and impeded RNA binding, says Slama-Schwok. In further testing, it reduced the viral load in cells infected with H1N1 and H3N2 influenza A virus, and in mice it demonstrated a therapeutic index against influenza A that was superior to that of any other anti-inflammatory drug.

Specifically, naproxen blocks the RNA binding groove of the nucleoprotein, preventing formation of the ribonucleoprotein complex, thus taking the vital nucleoproteins out of circulation. The researchers write that naproxen is a lead compound for drug development that could be improved by tweaking the molecule to boost its ability to bind to nucleoprotein.

As an already approved drug, naproxen could become a treatment against influenza relatively quickly, the researchers write. Its status as a non-steroidal anti-inflammatory drug (NSAID), which inhibits the COX-2 pathway, as well as an antiviral would boost its efficacy.

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Story Source:

The above story is reprinted from materials provided by American Society for Microbiology, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.

Journal Reference:

N. Lejal, B. Tarus, E. Bouguyon, S. Chenavas, N. Bertho, B. Delmas, R. W. Ruigrok, C. Di Primo, A. Slama-Schwok. Structure-based discovery of the novel antiviral properties of naproxen against the nucleoprotein of Influenza A virus. Antimicrobial Agents and Chemotherapy, 2013; DOI: 10.1128/AAC.02335-12

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

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/BESpgti4aGs/130321151926.htm

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Less-invasive surgery tied to less cost, absenteeism

By Genevra Pittman

NEW YORK (Reuters Health) - Minimally-invasive forms of heart surgery and fibroid removal may be less expensive - and cause patients to take fewer days off from work - than standard versions of the same procedures, a new study suggests.

Researchers looking at six common surgeries found that if every one of them performed in the U.S. in 2009 had used minimally-invasive techniques, health plans would have saved $2.3 billion and employees would have missed about 20,000 fewer days of work.

The researchers pointed out, however, that not all surgeries can be done with smaller incisions. And they didn't have data on how patients fared after standard versus less-invasive procedures.

"We're not saying everyone should get minimally-invasive surgery," said Andrew Epstein, who led the study at the University of Pennsylvania's Perelman School of Medicine in Philadelphia.

"What we are saying, I think, is that at least for these procedures, we've demonstrated there's this other dimension of potential value associated with minimally-invasive procedures," he told Reuters Health.

"At the end of the day, it's still, ?Talk to your physician and decide what's right.'"

Epstein and his colleagues analyzed insurance claims from 322,000 young and middle-aged adults undergoing one of six surgeries in 2001 through 2008. Those included heart and vascular surgeries as well as uterine fibroid treatments and prostate removals.

About 60 percent of surgeries were done using minimally-invasive techniques. For three of the procedures - two types of cardiovascular surgery, including stent insertion, and fibroid resection - the less-invasive versions were cheaper by $1,500 to $31,000 each.

Two other surgeries, including prostate removal and stroke-preventing procedures, were more expensive when done less invasively.

Among 24,000 employees with absenteeism data who had surgery, four of the six procedures led to an average of between nine and 38 fewer missed days of work than traditional options, the researchers reported Wednesday in JAMA Surgery.

Those findings held after they took the patients' age, gender and general health into account.

"I don't think the results are shocking, at least in the sense of showing that people with minimally-invasive procedures miss less work," Epstein said. That's consistent with research showing patients have shorter hospital stays following less-invasive procedures, he added.

"From a patient's perspective, whenever you undergo a surgery, you want to get back to your normal life and normal function as fast as you can," said Dr. Jason Wright, a gynecologic surgeon at Columbia University Medical Center in New York.

Still, he added, there's a need for more research on the long-term outcomes of many types of minimally-invasive surgery. And those outcomes may not look the same for every person.

"It's really important for patients, whenever they have a surgery, that they need to sit down and talk with their doctors?about the efficacy of the procedure," Wright, who wasn't involved in the new research, told Reuters Health.

"Each one of these really needs to be individualized," he said. "Patients really need to be aware of their options."

SOURCE: http://bit.ly/JLp3jy JAMA Surgery, online March 20, 2013.

Source: http://news.yahoo.com/less-invasive-surgery-tied-less-cost-absenteeism-201224311.html

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Thursday, March 14, 2013

The HSUS Helps Rescue 100+ Neglected Animals in Ohio : The ...

March?13,?2013

Sheriff asked for help with dogs, horses, goats

The HSUS and Belmont ARL took about 120 animals from the property. Mike McFarland/The HSUS
Mud and other obstacles added to the challenge of the rescue. Mike McFarland/The HSUS
Many animals were underweight and suffering from various ailments. Mike McFarland/The HSUS
It is nearly impossible for a family even to socialize so many animals. Mike McFarland/The HSUS
Some animals seemed thrilled with the attention. Mike McFarland/The HSUS
The HSUS is sheltering and tending the animals until the legal case is resolved. Mike McFarland/The HSUS

The Belmont County, Ohio, Sheriff?s Office called in The Humane Society of the United States and Belmont County Animal Rescue League to assist in the rescue of approximately 120 animals from a Bellaire property.

The sheriff stated that he had been concerned about the animals on this property for some time. Sheriff?s deputies served a search warrant on the property on the 57000 block of Springhill Road and found nearly 60 dogs, about 40 cats, 14 horses, several goats and a number of fowl suffering from a variety of medical conditions and a lack of basic care.

Karen Minton, Ohio state director for The HSUS, said, "I?m so relieved these dogs, cats, horses, and other animals are now receiving the care they so desperately need. The Humane Society of the United States is so grateful to the Belmont County Sheriff?s Office for taking action in this case and for inviting us to help rescue these animals.?

Belmont County Sheriff David Lucas said, "Animals shouldn?t have to suffer in such terrible conditions, so we are thankful to be able to rescue them. We wouldn?t have been able to conduct this rescue without the help of The Humane Society of the United States and the Belmont County Animal Rescue League."

Many of the animals are emaciated and suffering from dental disease, respiratory problems, skin conditions, and other infections. The veterinarians assisting on this case are Brian Wennerstrom, Lisa Shriver, and Jennifer Hayes.

The HSUS?s Animal Rescue Team removed the animals from the property pending the final disposition of this case. At a temporary emergency animal shelter, the animals will be thoroughly examined and receive any necessary immediate medical treatment.

Media contact: Stephanie Twining, 240-751-3943, stwining@humanesociety.org

Source: http://www.humanesociety.org/news/press_releases/2013/03/animal-rescue-ohio-hoarder-031313.html

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Wednesday, March 13, 2013

'The Following': One Of Joe Carroll's Followers Sacrifices Himself To Make Up For His Failure (VIDEO)

"666 Park Avenue"

"666 Park Ave.," ABC Status: Canceled Why: <a href="http://www.huffingtonpost.com/2012/11/16/666-park-avenue-canceled_n_2147290.html">ABC pulled the plug</a> on this supernatural drama earlier in the season.

"The Bachelor"

"The Bachelor," ABC Status: Likely to be renewed Why: While ratings may have dropped, "The Bachelor" will likely see another season on ABC as tabloids and viewers still care about the comings and goings of contestants.

"Body of Proof"

"Body of Proof," ABC Status: On the bubble Why: ABC is keen on this Dana Delany drama, but the ratings for this upcoming third season will be the true test.

"Castle"

"Castle," ABC Status: Likely to be renewed. Why: Strong ratings and a dedicated viewership will keep "Castle" on the schedule.

"Dancing With the Stars"

"Dancing With the Stars," ABC Status: Likely to be renewed Why: The series is hurting in the ratings ... by "DWTS" standards. It's still a strong player for ABC, but the new season hasn't premiered yet.

"Don't Trust The B---- In Apt. 23"

"Don't Trust The B---- In Apt. 23," ABC Status: Canceled Why: <a href="http://www.huffingtonpost.com/2013/01/22/apartment-23-canceled-dont-trust-the-b_n_2528858.html">ABC pulled the low-rated comedy</a> from it schedule and the stars took to Twitter to announce the cancellation.

"Family Tools"

"Family Tools," ABC Status: Too soon to tell Why: This ABC comedy has yet to debut, but a May 1 premiere date doesn't look great.

"Grey's Anatomy"

"Grey's Anatomy," ABC Status: Likely to be renewed Why: America still loves McDreamy and the goings on at Seattle Grace. Expect "Grey's" to return.

"Happy Endings"

"Happy Endings," ABC Status: On the bubble Why: Always the bubble show, never the surefire renewal hit. "Happy Endings" has suffered from many ratings ailments, including bad scheduling (<a href="http://www.huffingtonpost.com/2013/02/14/happy-endings-friday-abc_n_2683091.html">it's moving to Friday night</a>) and lack of promo. But this ahmahzing show has some serious fans that could keep it afloat for another season ... maybe on another network (a la "Cougar Town.")

"How To Live With Your Parents (For The Rest Of Your Life)"

"How To Live With Your Parents (For The Rest Of Your Life)," ABC Status: Too soon to tell Why: The ABC comedy starring Sarah Chalke has yet to debut, but its late season bow doesn't exactly bode well for its future.

"Last Man Standing"

"Last Man Standing," ABC Status: Likely to be renewed Why: Viewers still love Tim Allen! Paired with "Malibu Country," "Last Man Standing" has been performing well on Friday nights and <a href="http://www.huffingtonpost.com/2013/02/14/jonathan-taylor-thomas-last-man-standing-home-improvement_n_2686307.html">will soon see Allen's "Home Improvement" co-star Jonathan Tyler Thomas</a>.

"Last Resort"

"Last Resort," ABC Status: Canceled Why: <a href="http://www.huffingtonpost.com/2012/11/16/last-resort-canceled-abc_n_2147316.html">ABC killed the Shawn Ryan drama</a> in late 2012.

"Malibu Country"

"Malibu Country," ABC Status: Likely to be renewed Why: "Malibu Country" has been performing well on Friday nights. Lesson: Never underestimate the star power of Reba.

"The Middle"

"The Middle," ABC Status: Likely to be renewed Why: Now in its fourth season, "The Middle" is still pulling in more than 8 million viewers an episode as the anchor of ABC's Wednesday comedies.

"Mistresses"

"Mistresses," ABC Status: Too soon to tell Why: The drama, which is based on the UK series of the same name, just got a Monday, May 27 premiere date. Though the scheduling struggle doesn't bode well, the ABC drama does have Alyssa Milano and "Lost" alum Yunjin Kim leading the foursome.

"Modern Family"

"Modern Family," ABC Status: Likely to be renewed Why: A fan favorite and Emmy darling, "Modern Family" will be back and will make ABC lots of money in syndication.

"Nashville"

"Nashville," ABC Status: On the bubble Why: Critical acclaim doesn't always equate to rating success. The show has stabilized in Nielsen ratings, but its future really depends on the strength of ABC's drama pilots.

"The Neighbors"

"The Neighbors," ABC Status: Likely to be renewed Why: One of the few "hits" of the season, "The Neighbors" has found an audience and kept it pretty steadily week after week (<a href="http://www.huffingtonpost.com/2012/06/11/abc-shows-fall-tv-2012-2013_n_1581796.html">much to our dismay</a>).

"Once Upon a Time"

"Once Upon a Time," ABC Status: Likely to be renewed Why: A ratings hit in its second season, "Once Upon a Time" is almost sure to be back for a third season full of fairytale adventures.

"Private Practice"

"Private Practice," ABC Status: Ended Why: The "Grey's Anatomy" spinoff said goodbye in January 2013.

"Red Widow"

"Red Widow," ABC Status: Too soon to tell Why: The show has a late February debut on ABC.

"Revenge"

"Revenge," ABC Status: On the bubble Why: "Revenge" has fallen out of critical favor and seen lower ratings in its new Sunday night home. But none of ABC's freshman dramas are doing well, so that works in the show's favor.

"Rookie Blue"

"Rookie Blue," ABC Status: Renewed Why: The Canadian co-production will return for a fourth season on ABC during the summer of 2013.

"Scandal"

"Scandal," ABC Status: Likely to be renewed Why: Shonda Rhimes has another hit on her hands. Now in its second season, "Scandal" has benefited from word-of-mouth and has been rising in the ratings (even recently beating out its lead in "Grey's Anatomy"). A likable star -- Kerry Washington -- and continued buzz will keep "Scandal" on the schedule.

"Suburgatory"

"Suburgatory," ABC Status: On the bubble Why: The series started Season 2 off strong in the ratings, but its audience has slowly eroded. Its not the worst-performing ABC sitcom, but its buzziness has died down as well.

"Zero Hour"

"Zero Hour," ABC Status: Canceled Why: The Anthony Edwards vehicle debuted to 6.3 million viewers with a 1.3 rating in the key 18-49 demographic, making it <a href="http://www.huffingtonpost.com/2013/02/15/zero-hour-ratings_n_2695800.html">the least-watched premiere for a scripted series in ABC's history</a>. Things only got worse from there.

"2 Broke Girls"

"2 Broke Girls," CBS Status: Likely to be renewed Why: It's not doing "The Big Bang Theory" numbers, but "2 Broke Girls" has maintained a viewership over its two seasons.

"The Amazing Race"

"The Amazing Race," CBS Status: Likely to be renewed Why: As an Emmy and fan favorite, "The Amazing Race" has been a strong player for CBS.

"The Big Bang Theory"

"The Big Bang Theory," CBS Status: Likely to be renewed Why: Now in its sixth season, "Big Bang" is reaching series-high ratings. Even up against reality powerhouse "American Idol," "The Big Bang Theory" has been delivering with crazy high numbers in the 18-49 demographic, beating out what was once Fox's juggernaut.

"Blue Bloods"

"Blue Bloods," CBS Status: Likely to be renewed Why: The Tom Selleck-fronted police drama is a strong ratings performer for CBS on Fridays. It will likely be back to help launch new Friday shows and produce enough episodes to enter syndication.

"Criminal Minds"

"Criminal Minds," CBS Status: Likely to be renewed Why: As one of CBS's strong procedural players, the series has been steady in the ratings and will likely be renewed to help anchor a night and launch a new drama.

"CSI"

"CSI," CBS Status: Likely to be renewed Why: Of the two "CSI" shows on the air, "CSI" is the stronger player in the TV landscape. The show is nowhere near its earlier ratings, but after such a successful run, CBS would be smart to bring the show -- and some old faces back -- for an abbreviated farewell season.

"CSI: NY"

"CSI: NY," CBS Status: On the bubble Why: The spinoff series will be entering Season 10 in the 2013-2014 season. The ratings have faded over the years, but they're still pretty stable, especially for Fridays. It's a toss up, depending on how well CBS's development slate goes.

"Elementary"

"Elementary," CBS Status: Likely to be renewed Why: One of the very few freshman series hits during the 2012-2013 TV season, CBS is very keen on this modern-day take on Sherlock Holmes. The audience has been steady and the network even gave it the post-Super Bowl timeslot.

"Golden Boy"

"Golden Boy," CBS Status: Too soon to tell Why: CBS certainly has a handsome star at the front of this cop drama, but its late season entry and Friday timeslot could be a hint toward CBS's confidence in the show.

"The Good Wife"

"The Good Wife," CBS Status: On the bubble Why: A former ratings champ, "The Good Wife" has slipped to series low ratings on Sunday nights. Blame football overrun, fan-detested storylines or too many guest stars, but "The Good Wife" is certainly in the danger zone. What it has going for it: star power and critical praise, plus its nearing a good syndication sweet spot.

"Hawaii Five-0"

"Hawaii Five-0," CBSStatus: On the bubble Why: Its ratings -- bouncing around 8-10 million viewers an episode, are great ... if you're a show on NBC. By CBS standards, they're kind of meh, but this show has stars with very active fan followings. CBS could axe the drama to make room for new procedurals, or stick with it to get the show close to syndication gold.

"How I Met Your Mother"

"How I Met Your Mother," CBS Status: Renewed Why: CBS handed out a ninth and final season to this comedy with the entire cast returning. Expect to meet the mother, finally.

"Made In Jersey"

"Made In Jersey," CBS Status: Canceled Why: CBS pulled the plug on this legal drama very early on in the season because of low ratings.

"The Mentalist"

"The Mentalist," CBS Status: On the bubble Why: "The Mentalist" has fallen to mediocre ratings -- by CBS standards -- and could be axed in favor of making room for a new drama.

"Mike & Molly"

"Mike & Molly," CBS Status: Likely to be renewed Why: The ratings are down a little bit from last year, but Melissa McCarthy's star continues to rise. CBS will likely bring the show back for another season.

"NCIS"

"NCIS," CBS Status: Renewed Why: CBS reached a deal with series star Mark Harmon in early 2013, keeping the No. 1 show in America around for a Season 11.

"NCIS: LA"

"NCIS: LA," CBS Status: Likely to be renewed Why: Viewers love their "NCIS," in any form. The ratings have been strong and the network is producing a backdoor spinoff pilot for this spinoff show. A full night of "NCIS" could be in CBS's future.

"Partners"

"Partners," CBS Status: Canceled Why: Low ratings and unfavorable reviews led to the <a href="http://www.huffingtonpost.com/2012/11/16/partners-canceled-cbs_n_2145832.html">early demise</a> of this CBS comedy.

"Person of Interest"

"Person of Interest," CBS Status: Likely to be renewed Why: The series has developed a nice-sized audience, bigger than its first season.

"Rules of Engagement"

"Rules of Engagement," CBS Status: Honestly, who knows Why: This comedy has been on the bubble since it premiered ... yet is now in its seventh season. It's too soon to look at the numbers for this season, but the show has been a midseason success for CBS in the past. However, series co-star <a href="http://insidetv.ew.com/2013/02/07/cbs-orders-comedy-pilot-starring-patrick-warburton/">Patrick Warburton is attached to star in a new pilot</a> ... for CBS.

"Survivor"

"Survivor," CBS Status: Likely to be renewed Why: A strong player for the last 13 years, "Survivor" will likely be back. But due to its <a href="http://www.huffingtonpost.com/2013/02/14/survivor-ratings-lowest-premiere-ever_n_2687591.html">most recent premiere ratings</a>, we might not see it during the fall season, though a midseason or summer return -- with some new gimmick -- is definitely in the cards for the reality series.

"Two and a Half Men"

"Two and a Half Men," CBS Status: Likely to be renewed Why: CBS wants another season of this bawdy hit, it's just a matter of getting its stars to sign back on.

"Undercover Boss"

"Undercover Boss," CBS Status: Likely to be renewed Why: The show is enjoying life in syndication and its Season 4 numbers are better than most of its third season.

"Unforgettable"

"Unforgettable," CBS Status: Uncanceled Why: CBS canceled the Poppy Montgomery drama last season ... and then revived it! Season 2 premieres Sunday, July 28.

"Vegas"

"Vegas," CBS Status: On the bubble Why: Despite star power, the series hasn't been a breakout hit in the ratings. CBS previously canceled "Unforgettable" (then uncanceled it) last season when it was doing about the same as "Vegas."

Source: http://www.huffingtonpost.com/2013/03/12/the-following-sacrifice-to-carroll-video_n_2857806.html

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Leap Motion's Michael Buckwald Lays Out His Vision For Gesture-Based Computer Interaction

While I was at South by Southwest Interactive, I had a chance to meet with the Leap Motion team and try out their upcoming gesture-based controller. We've been writing about the comapny for a while now, but this was a chance to see the technology in-person, and to use it with existing apps. Thankfully, my own feeble attempts to play Cut The Rope using the Leap Motion Controller weren't recorded on camera, but we did film a short demo by Vice President of Product Marketing Michael Zagorsek. He showed off a 3D visualizer that helps developers understand the controller's capabilities, then played Fruit Ninja using a chopstick, and finally used the controller to sculpt a digital clay.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/FRFtQ_rmpsM/

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Good Reads: Saving the Amazon, Kenya's 'Iron Lady,' drones, Depardieu the Russian

This week's round-up of Good Reads includes climate-change diplomacy in the Amazon, a profile of a Kenyan politician to watch beyond the elections, the future of drones, and a look at G?rard Depardieu's new Russian citizenship.

By Allison Terry,?Correspondent / March 11, 2013

Environmental police inspect logs during a raid against illegal logging in Brazil.

Nelson Feitosa/IBAMA/Reuters/File

Enlarge

In efforts to reduce deforestation levels in the Amazon region, Brazil is at the forefront of an experimental climate-change prevention strategy known as ?reducing emissions from deforestation and forest degradation,? or REDD.

Skip to next paragraph Allison Terry

Correspondent

Allison Terry is national news intern for the Christian Science Monitor. She previously worked on the cover page desk and contributed to the culture section of the Monitor.

Kenya's 'Iron Lady'

During the run-up to Kenya?s March 4 presidential election, the media focused on the two front-runners, Raila Odinga and Uhuru Kenyatta. But among the six other candidates, there is one to keep watching: Martha Karua, Kenya?s own ?Iron Lady.?

A profile by Al Jazeera details Ms. Karua?s rise in national politics, from a magistrate to a member of parliament and minister for justice under President Mwai Kibaki. She was the only woman to run in this year?s election, during which she pledged to create a universal health-care system and increase Internet access to 50 percent of Kenyans within five years.

?Her manifesto, perhaps reflecting her legal background, emphasises ?a new spirit of constitutionalism?, prioritising the fight against corruption and respect for national diversity,? Al Jazeera writes.

Her outspoken condemnation of her fellow candidates, particularly those implicated in stoking the postelection violence in 2007, best explains her Iron Lady nickname. She accuses Mr. Odinga of ethnic cleansing, and Mr. Kenyatta is facing charges of crimes against humanity from the International Criminal Court.

She said he should be cleared of those charges before he can be elected president.

?How do you seek votes, yet grave accusations of causing death, arson and mass displacements are on your head?? she told reporters. ?If your cow?s leg is broken, do you strap a plough on it and head to the farm ? or do you first get it treated and allow it time to heal??

Future of drones

Drones have drastically changed the strategy of modern warfare, playing an effective, albeit controversial, role in the US fight against Al Qaeda. The government and private companies are now looking homeward for the next development in drone technology. Potential uses include crop dusting, traffic control, border patrol, and weather forecasting, reports John Horgan in National Geographic. But even with these benefits, people are worried about potential breaches in privacy ? and the possibility for errors.

As new, more sophisticated drones take to the skies in the United States, and in other countries where drones are manufactured (such as China, Israel, and Iran), Mr. Horgan says that limiting risk is crucial.

?The invention that escapes our control, proliferating whether or not it benefits humanity, has been a persistent fear of the industrial age ? with good reason,? Horgan writes. ?Nuclear weapons are too easy an example; consider what cars have done to our landscape over the past century, and it?s fair to wonder who?s in the driver?s seat, them or us."

Depardieu and income inequality

As G?rard Depardieu takes up residency in his newly adopted countries (Belgium and Russia), Lauren Collins in The New Yorker explains why the French have dismissed the once beloved actor.

Mr. Depardieu famously renounced his French citizenship after the government promised to impose a new supertax on the wealthy ? 75 percent on incomes greater than 1 million euros. French Prime Minister Jean-Marc Ayrault called Depardieu?s move ?pathetic.?

This was the ultimate insult for a man who came from a poor background and built his wealth through acting and entrepreneurial ventures. He?s leaving France, he said in a letter to Mr. Ayrault, ?because you believe success, creation, talent, anything different, to be grounds for sanction.?

But 60 percent of his former countrymen support the supertax, drawing ?on the republican ideal of taxation as an institution that would foster social cohesion,?writes Ms. Collins. Taxes on the rich are seen as a way to prevent income disparities.

?There?s a very egalitarian idea of what society should be, whatever hypocrisy it entails,? Christine Ockrent, a veteran journalist, told Collins. ?It dates back to the French Revolution, which, by the way, was a very bourgeois revolution. The myth of equality is something which strangles any discussion about income.?

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/rMFonsfp47c/Good-Reads-Saving-the-Amazon-Kenya-s-Iron-Lady-drones-Depardieu-the-Russian

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Tuesday, March 12, 2013

Small business confidence up, not enough to boost hiring

Heesun Wee , CNBC ? ? ? 6 hrs.

Small-business owners' confidence improved a bit in February, but entrepreneurs still aren't feeling a surge of optimism ? or hiring.

That's the finding of a monthly survey by the National Federation of Independent Business. The group said Tuesday that its small-business optimism index edged up 1.9 points to 90.8 points from 88.9 points in January.

"While the Fortune 500 are enjoying record high earnings, Main Street earnings remain depressed," said NFIB chief economist Bill Dunkelberg in a prepared statement. "Far more firms report sales down quarter over quarter than up."

"Until owners' forecast for the economy improves substantially, there will be little boost to hiring and spending from the small business half of the economy," he said.

The sentiment's slight increase follows a buoyant mood on Wall Street last week as the Dow Jones industrial average reached new all-time highs. A strong employment report helped. The economy created a net 236,000 new jobs and the unemployment rate fell to 7.7 percent.

But Main Street for the most part isn't celebrating just yet. Why?

For one thing, budget cuts related to the sequester are likely to have a rolling, accumulated impact on small business. Companies with U.S. government contracts must decide which workers will likely be laid off as funds to keep them on payroll evaporate. Nervous about fallout from Washington, many small- to mid-sized employers remain cautious on spending and hiring.

Expenses associated with the Affordable Care Act are another reason why small businesses are reluctant to turn temporary workers into full-time, permanent employees.

Under the act, "full-time" is defined as averaging 30 hours per week. Small companies with 50 or more workers will need to provide full-time workers with health insurance or face a fine.

Read more: Who's Hiring: Health Care, Yes; Wall Street, No

Traditional lending options for small-business owners also remain closed. Entrepreneurs are even getting squeezed by tighter restrictions for both credit cards and home equity lines of credits, which small-business owners often fall back on to keep businesses open.

"It's a real struggle for them due to lack of access of capital," said Rohan Mathew, co-founder of the Intersect Fund, a New Brunswick, N.J.-based nonprofit that supports low-income entrepreneurs in the region.

Founded in 2008 when Mathews was a Rutgers University student, Intersect Fund connects newbie upstarts with basic entrepreneurial skills such as registering as a limited liability company or LLC, implementing a bookkeeping system, crafting a marketing plan and creating a website.

The nonprofit also offers loans of up to $25,000 for, say a car, or needed repairs after Super Storm Sandy.

Read more: Youngstown's Story: Rust Belt Turns to 'Tech Belt' in the Name of Jobs

Mathew said many who reach out to the Intersect Fund have lost a wage job and have been without work for months ? even a year or more.

A separate unemployment measure that includes workers no longer looking for jobs and those working part-time for economic reasons hovers at 14.3 percent.

With limited work options and competition fierce, micro small-business owners are hoping to turn a passion ? food catering, styling hair, landscaping, tailoring clothes ? into a micro business, usually with five employees or less.

"They're not going to turn into Google or a billion-dollar business. That's not the point," Mathew said. "If they hire one to two people, that's a success."

The bottom line is support small upstarts, which generate meaningful locals jobs that are an alternative to working at a big-box retailer or fast-food restaurant in the neighborhood, Mathew said.

Looking ahead, few small-business owners anticipate conditions to improve. Three-quarters of small-business owners think business conditions will be the same or worse in six months.

Source: http://www.nbcnews.com/business/economywatch/small-business-confidence-not-enough-boost-hiring-1C8823619

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Silver Investing; Keep It Simple: iShares Silver Trust, ProShares ...

simple GE Christenson:?Nixon dropped the link between the dollar and gold in 1971. Thereafter, the money supply rapidly expanded, consumer price inflation went wild, and both silver and gold increased in price by over a factor of 20 in early 1980.

Volcker raised interest rates, killed both inflation and inflationary expectations, and changed the economic landscape to allow for a nearly 20 year bull market in stocks. Silver and gold dropped below their long-term up-trend. Why put money into silver from 1982 ? 2000 when it was easy to make money in stocks?

The stock market crashed in early 2000, and the world changed after September 2001 (9-11). After that event, borrowing, spending, massive deficits, exploding national debt, war, and even bigger government became the norm. Stocks have gone nowhere, on average, for the last 13 years. Silver and gold, anticipating the massive increases in debt and money supply, woke from a two decade sleep and began a bull market that is likely to run for many more years.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

"I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets -- year-in and year-out."

CLICK HERE to get your Free E-Book, ?The Little Black Book Of Billionaires Secrets?

The correlation is simple. More debt means higher prices for silver. Examine the following graph. Note that RSQ = 0.916 for?smoothed?(13 period moving average) monthly silver prices vs. National Debt ? a close correlation.

You may not believe the bull market in silver will continue, but I suspect that nearly everyone believes that debt will continue to increase ? or until the system resets in some future catastrophic event. I?m not suggesting that increasing debt forever is good or sensible or even possible, but I have seen no evidence that indicates Congress or any president is willing to balance the budget and initiate a sane spending policy.

If silver and gold prices correlate, on average, with the national debt and debt will increase until a crash/implosion/hyperinflation event restructures our economy, then you can bet on much higher silver and gold prices in the future.

Volatility will increase. Gold accelerated into a new high in 2011, and silver almost exceeded its 1980 high that same year. Both markets have been ugly, from a bull?s perspective, since then. Expect future parabolic rallies and vertical drops to become more intense in the next four years.

Expect more frightening and silly?statements from Goldman Sachs?et al about gold going down to $1,200, while they prepare to book fantastic profits from the rally they will encourage, when the time is right for them.?The names differ, the game is the same. It hasn?t changed in hundreds of years.

If you want stress, play the futures market in silver. If you want a long-term investment, buy silver at these low prices and wait for the powers-that-be to devalue the various Dollars, Euros, and Yen that we use. Silver and gold prices will be much higher four years from now, regardless of what you are told via the ?party line? from the Goldmans of the world.

Conclusion

KEEP IT SIMPLE!?Debt is increasing, money supply is increasing, silver and gold prices are increasing.

There is no political will to make any material change in the system until a crisis forces change upon all of us.?After the crisis, would you rather own gold, silver, Goldman promises, paper dollars, or sovereign debt paper issued by an insolvent government?Read?Ten Steps To Safety.

Buy silver at depressed prices (like now).?Sell some, not all, after a big rally, such as in 2004, 2006, 2008, and 2011. Another big rally is coming. Read commentary from?Jim Sinclair.

KISS: Keep Investing and Stacking Silver. Keep It Silver-Simple.

It is your choice. Silver or paper? Physical metal or computer-generated paper equivalents? Thousands of years of history where silver has functioned as a store of value and as valuable money or decades of broken economic promises??Keep Investing and Stacking Silver!

This article is brought to you ?courtesy?of?GE Christenson?from?Deviant Investor.

Related:?ProShares Ultra Silver (NYSEARCA:AGQ), iShares Silver Trust (NYSEARCA:SLV).

NYSE:AGQ, NYSE:SLV

Source: http://etfdailynews.com/2013/03/11/silver-investing-keep-it-simple-ishares-silver-trust-proshares-ultra-silver/

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Trash Talkin? Tuesday

Trash Talkin’ Tuesday

Eva Mendes showed off what God gave her Eva Mendes Pretty in Pink?[The Frisky] One Direction Sends Love to Justin Bieber?[HollyWire] Sonja Morgan a Sloppy Drunk??[Right Celebrity] Jennifer Aniston & Justin Theroux Wedding Details Revealed?[The Celebrity Cafe] Harry Styles Gets New Ink on Chest?[The Blemish] Eva Longoria Sporting a Bikini Baby Bump??[The Huffington Post] Paris Jackson Recruited By NFL?[PopCrunch] Tom Hardy Cuddles With ...

Trash Talkin’ Tuesday Stupid Celebrities Gossip Stupid Celebrities Gossip News

Source: http://stupidcelebrities.net/2013/03/trash-talkin-tuesday-86/

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Monday, March 11, 2013

NJ stringing up dead birds to get rid of buzzards

United States Department of Agriculture Wildlife Biologist Nicole Rein lifts a black vulture carcass in Bridgewater, N.J., Monday, March 11, 2013, as it is hoisted up in a tree in a tried-and-true method of driving away flocks of damaging buzzards. (AP Photo/Mel Evans)

A black vulture carcass is hoisted up in a tree in Bridgewater, N.J., Monday, March 11, 2013, by United States Department of Agriculture Wildlife workers in a tried-and-true method of driving away flocks of damaging buzzards. (AP Photo/Mel Evans)

United States Department of Agriculture Wildlife Specialist Terri Ombrello prepares a line to cast over a tree in Bridgewater, N.J., Monday, March 11, 2013, to hoist a vulture's carcass into a tree in a tried-and-true method of driving away flocks of damaging buzzards. (AP Photo/Mel Evans)

A Turkey Buzzard flies over farm fields in West Amwell, N.J., Monday, March 11, 2013. Large numbers of buzzards have been roosting in neighborhoods recently causing complaints. In Bridgewater Monday, wildlife officers hoisted a vulture's carcass into a tree in a tried-and-true method of driving away flocks of damaging buzzards. (AP Photo/Mel Evans)

Resident Jim Van Allen looks on in Bridgewater, N.J., Monday, March 11, 2013, as United States Department of Agriculture Wildlife Specialist Terri Ombrello, left and United States Department of Agriculture Wildlife Biologist Nicole Rein prepare to hoist a vulture's carcass into a tree in a tried-and-true method of driving away flocks of damaging buzzards. (AP Photo/Mel Evans)

BRIDGEWATER, N.J. (AP) ? The dead vulture's feathers snap and crack, breaking apart as its frozen wings are spread for one last flight.

It will soon soar gracefully ? albeit briefly ? into a tree in this hilly New Jersey suburb, hoisted to a branch where it will hang, upside down, until spring.

Wildlife officials say it's a sure-fire way to get an estimated 100 black and turkey vultures from roosting in the neighborhood, leaving behind foul-smelling and acidic droppings on roofs and lawns, creeping out residents and even their pets.

Before the black vulture's carcass is strung up, nearly a dozen vultures glide over Bridgewater on a cool, gray Monday morning. Some perch in trees. One rests on a chimney-top.

Neighborhood residents watched as wildlife specialist Terri Ombrello launched a weighted fishing line over a branch with a sling shot. She took turns with partner Nicole Rein tying the bird's legs with another line then pulled the bird about 30 feet off the ground.

Vultures may like to eat road kill but it turns out they don't like the sight of their own dead upside down.

"They don't like seeing their own in that unnatural position," Rein said.

Bridgewater, a town of 45,000 about 40 miles west of New York, became at least the seventh New Jersey community this winter to turn to the wildlife services unit of the U.S. Department of Agriculture for buzzard-beating help. Black and red turkey vultures are protected species and cannot be killed without a permit.

The birds roost from November to April, settling down as it gets dark, when they are most visible.

Jim Van Allen, 69, lives across the street where the carcass was strung up in Bridgewater. He's lived in the neighborhood practically his entire life. He said it isn't unusual to see vultures there in this community but not this many. He said the vultures started arriving in November, just after Superstorm Sandy.

"They just glide all around, all day long, I mean, just looking for something dead," he said.

The vultures, which have sometimes lined up eerily on rooftops, have not just spooked residents. Mark Nathan said his yellow lab Callie is afraid of the vultures, especially when they fly low.

"She freaks out about them," Nathan said. The dog "barks at them and then she runs inside as fast as possible," he said.

Scavenging vultures are key to the ecosystem because they feed off dead animals, acting as flying garbage disposals. Still, in densely populated areas where they can thrive, vultures pose a serious nuisance.

"Their feces runs down the roof. It looks bad," Van Allen said.

Residents can expect to see fewer vultures within one to three days. While some may still perch on the tree, Rein said, they will not do so for long.

While some New Jersey towns regard the influx of vultures as a problem at least one community is hoping it will get its birds back.

Wenonah started holding a vulture festival in 2006 after nearly 200 turkey and black vultures made the town their winter home. But the town canceled its festival this year, according to Vulture Festival website, because they're no longer roosting there at night.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-03-11-US-Buzz-Off-Buzzards/id-fb29ca3a93f34822a87011a49658f9c2

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