Tuesday, January 31, 2012

Clio Grabs $6 Million To Help Bring Small Legal Practices To The Cloud

Screen shot 2012-01-30 at 3.46.07 AMLawyers have long been the punchline for jokes, whether it be for their ambulance chasing ways, or for having a penchant for greed and chaos, or charging an armload for their services. However, there are a number of services out there that are trying to make the legal profession's web presences less of a laughing matter. While there's a perception that most lawyers work in big law firms, 80 percent of the legal market is comprised of solo practitioners or small firms. With meager support staffs and no IT departments to speak of, these solo practitioners and small firms quickly become over-burdened with the administrative side of their business.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/KGzf1hQHKig/

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Homeless Science Whiz Goes to Washington

[unable to retrieve full-text content]Intel Science Talent Search semifinalist Samantha Garvey got a grand tour of Washington this week.

Source: http://feeds.nytimes.com/click.phdo?i=19c8336e9e51cd79548b1a1b88b0efaf

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Monday, January 30, 2012

Yemen's Saleh heads for United States (Reuters)

ADEN (Reuters) ? President Ali Abdullah Saleh was heading to the United States on Saturday, Yemen's state news agency said, a week after leaving for Oman under a plan for him to step down to end a year of protests against his rule.

In London, a foreign office official said Saleh's plane had stopped at a British airport en route to the United States.

The state news agency said he had left the Omani capital Muscat, his home for the past week, to receive medical treatment.

Saleh has transferred some powers to his deputy and enjoys immunity from prosecution under a deal meant to end increasing instability in Yemen.

The deal also established a transitional government including the opposition and envisions restructuring Yemen's armed forces, key units of which are led by Saleh's relatives.

The United States, which endorsed the plan to coax Saleh out of office by granting him immunity from prosecution over the deaths of protesters, had defended its decision to issue him a visa, despite criticism that it would be seen as sheltering him.

Saleh had originally been expected to stop only briefly in Oman after leaving the Yemeni capital Sanaa last Sunday. He had said in a parting speech he would return to Yemen.

A foreign diplomat in Oman said, however, that Saleh had sought permission to reside there. An Omani government source declined to confirm or deny receiving such a request, but said Oman would be reluctant to agree to it in case this harmed future ties with Yemen.

The United States and Saudi Arabia fear protracted political upheaval in Yemen could give al Qaeda's regional wing a foothold near oil shipping routes through the Red Sea.

Underlining the continued violence, Yemeni troops killed four Islamist fighters in the southern town of Zinjibar, a local official said on Saturday.

He said the four fighters from Ansar al-Shariah were killed in a skirmish on the eastern edge of Zinjibar, which Islamists fighters overran last May. One soldier was killed in the fighting late on Friday, he said.

A spokesman for the Islamist group said his side had suffered no casualties, but confirmed the account of a soldier's death.

Saleh's foes accuse him of deliberately ceding territory to Islamists to make himself indispensable to his former U.S. patrons, and of ultimately aiming to sabotage the political transition and retain power for his inner circle.

(Additional reporting by Mohammed Ghobari and Tom Finn in Sanaa; Writing by Joseph Logan; Editing by Myra MacDonald)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20120128/wl_nm/us_yemen_fighting

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Hands on with the Jot Touch, a pressure sensitive stylus by Adonit

The folks at Adonit have been working hard on their new product, the Jot Touch, a pressure sensitive stylus with a built-in antenna and a free SDK kit for drawing


Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/wwTWPW0bwTA/story01.htm

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Sunday, January 29, 2012

Private investors near deal on Greek debt

Charles Dallara, left and Jean Lemiere from the Institute of International Finance leave Maximos Mansion after meeting Greek Prime Minister Lucas Papademos and Greek Finance Minister Evangelos Venizelos in Athens on Saturday Jan. 28 2012. Talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close, according to the creditors' representatives. (AP Photo)

Charles Dallara, left and Jean Lemiere from the Institute of International Finance leave Maximos Mansion after meeting Greek Prime Minister Lucas Papademos and Greek Finance Minister Evangelos Venizelos in Athens on Saturday Jan. 28 2012. Talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close, according to the creditors' representatives. (AP Photo)

Greek Finance Minister Evangelos Venizelos leaves Maximos Mansion after a meeting with Greek Prime minister Lucas Papademos, Charles Dallara and Jean Lemiere from the Institute of International Finance in Athens on Saturday Jan. 28 2012. Talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close, according to the creditors' representatives. (AP Photo)

Greek Prime Minister Lucas Papademos, left, and Greek Finance Minister Evangelos Venizelos leave Maximos Mansion after a meeting Charles Dallara and Jean Lemiere from the Institute of International Finance in Athens on Saturday Jan. 28 2012. Talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close, according to the creditors' representatives. (AP Photo)

Charles Dallara, left and Jean Lemiere from the Institute of International Finance leave Maximos Mansion after meeting Greek Prime Minister Lucas Papademos and Greek Finance Minister Evangelos Venizelos in Athens on Saturday Jan. 28 2012. Talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close, according to the creditors' representatives. (AP Photo)

Charles Dallara managing director of the Institute of International Finance arrives at Maximos Mansion for a meeting with Greek Prime Minister Lucas Papademos and Finance Minister Evangelos Venizelos in Athens on Saturday Jan. 28 2012. Talks between Greece and private creditors on halving the country's privately held debt load have ended and a deal is very close, according to the creditors' representatives. (AP Photo)

(AP) ? A disorderly and potentially devastating Greek debt default is looking much less likely.

Greece and investors who own its bonds have reached a tentative deal to significantly reduce the country's debt and pave the way for it to receive a much-needed ?130 billion bailout.

Negotiators for the investors announced the agreement Saturday and said it could become final next week. If the agreement works as planned, it will help Greece remain solvent and help Europe avoid a blow to its already weak financial system, even though banks and other bond investors will have to accept multibillion-dollar losses.

Still, it doesn't resolve the weakening economic conditions in Greece and other European nations as they rein in spending to get their debts under control.

Under the agreement, investors holding ?206 billion in Greek bonds would exchange them for new bonds worth 60 percent less.

The new bonds' face value is half of the existing bonds. They would have a longer maturity and pay an average interest rate of slightly less than 4 percent. The existing bonds pay an average interest rate of 5 percent, according to the think tank Re-Define.

The deal would reduce Greece's annual interest expense on the bonds from about $10 billion to about $4 billion. And when the bonds mature, instead of paying bondholders ?206 billion, Greece will have to pay only ?103 billion.

Without the deal, which would reduce Greece's debt load by at least ?120 billion, the bonds held by banks, insurance companies and hedge funds would likely become worthless. Many of these investors also hold debt from other countries that use the euro, which could also lose value in the event of a full-fledged Greek default. This is the scenario analysts fear most and why they hope investors will voluntarily accept a partial loss on their Greek bonds.

The agreement taking shape is a key step before Greece can get a second, ?130 billion bailout from its European Union partners and the International Monetary Fund. Besides restructuring its debt with private investors, Greece must also take other steps before getting aid. It must cut its deficit and boost the competitiveness of its economy through layoffs of government employees and the sale of several state companies, among other moves.

Greece faces a ?14.5 billion bond repayment on March 20, which it cannot afford without additional help.

The country got its first bailout in May 2010 when the EU and the IMF signed off on a ?110 billion aid package, most of which has already been disbursed.

Private investors hold roughly two-thirds of Greece's debt, which has reached an unsustainable level ? nearly 160 percent of the country's annual economic output. By restructuring the debt held by private investors, Greece and its EU partners are hoping to bring that ratio closer to 120 percent by the end of this decade. Without a deal, analysts forecast that ratio ballooning to 200 percent by the end of this year as the Greek economy falters.

Meanwhile, Greece's public creditors ? ? the IMF, the EU and the European Central Bank ? are baffled by the government's repeated failure to meet deficit targets. They want more government wage cuts. That is meeting resistance by Greek politicians afraid of losing an election tentatively scheduled for the spring. But those same politicians also worry that the nation will be denied a second bailout if doesn't reduce its deficit.

Greek Finance Minister Evangelos Venizelos on Saturday night asked those who oppose structural changes to reconsider their stance.

"The coming days will be decisive for the next decade ... We must answer to tough dilemmas and we must do so with foresight and a sense of responsibility and not hide behind each other," he told reporters after meeting with the public creditors.

In return for the first bailout, Greece's public creditors have unprecedented powers over Greek spending. However, Greece's problems will not be fixed simply by cutting government spending. In order to bring its debts to a more manageable level, the country must also find ways boost economic output, which would enable it to collect more taxes.

If no debt-exchange deal is reached with private creditors and Greece is forced to default, it would very likely spook Europe's ? and possibly the world's ? financial markets. It could even lead Greece to withdraw from the euro.

Sarah Ketterer, co-manager of Causeway International Value Fund, a $1.4 billion mutual fund that invests in European stocks, said the region's markets have rebounded this month largely on expectations that negotiators would reach a deal along the lines of the one being finalized now.

Any last-minute breakdown in the talks could trigger a sharp decline in European markets, she said. But a rally is unlikely if negotiations succeed.

"The equity markets have ... largely already discounted this, and you can see that in the confidence that has returned in European equities since the end of December, and especially for financial stocks," Ketterer said.

She said there "really was no other option" than reaching a deal for bondholders to take a haircut of 50 percent or more.

Ketterer said a Greek deal could help restore bond market confidence. That would help Italy manage its own debt crisis ? one that Ketterer views as more critical than Greece's because of Italy's greater size.

The investors who own Greek bonds are being represented by Charles Dallara, managing director of the Washington-based Institute of International Finance, and Jean Lemierre, senior adviser to the chairman of the French bank BNP Paribas.

___

AP personal finance writer Mark Jewell in Boston, Elena Becatoros in Athens and Gabriele Steinhauser in Brussels contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-28-Greece-Financial%20Crisis/id-9e04969c89e1476da303b3eb6e78983e

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Saturday, January 28, 2012

TV show choreographer gets 10 years for rape (AP)

LOS ANGELES ? A salsa dance instructor who worked on the TV show "So You Think You Can Dance" has been sentenced in Los Angeles to 10 years in prison for raping one woman and assaulting another.

Prosecutors say Alex Da Silva gave dance lessons at salsa clubs where he met aspiring dancers he assaulted. The assaults were not related to the TV show.

Da Silva was convicted of raping a 22-year-old woman in 2002 and attacking another woman with intent to commit rape in 2009.

The jury deadlocked on four other counts, including two more alleged rapes. Those counts were dismissed.

A defense attorney says the women who accused Da Silva were not telling the truth.

Da Silva will be required to register as a sex offender for life.

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/ap/20120127/ap_en_tv/us_salsa_instructor_charged

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Liam Neeson: 'The ultimate alpha male actor'? (The Week)

New York ? The 59-year-old's intense turn in The Grey is the latest in a string of well-received tough-guy performances from an actor decades older than most action stars

A pack of vicious wolves may dominate the trailer for The Grey, but the film is all about Liam Neeson. (Watch the trailer below.) In the new action thriller, the Oscar winner plays John Ottaway, who survives a plane crash in the snowy mountains of Alaska and attempts to lead a band of survivors to safety ? fighting off blood-hungry lupines along the way. Critics are pleasantly surprised by the "terrifying" and "suspenseful" flick, calling it as "compelling as they come." Credit for its success is being given, almost unanimously, to Neeson?? "a bona fide 59-year-old action hero," who, with recent performances in films like Taken, Unknown, and The A Team, has proven himself more adept in the genre than his younger contemporaries. Is Neeson really that good?

Liam Neeson is Hollywood's best action star: As the leader of a band of frightened, ill-equipped survivors, Neeson leaves absolutely no doubt that he's the man to save them from "the snapping fangs of the wolf pack," says Soren Andersen at The Seattle Times. His winning performance solidifies his status as "the ultimate alpha-male actor in movies today." And his ability to deftly balance "soul-deep anguish" and shattering intensity in one performance is "unmatched by any other Hollywood leading man."
"The Grey: A harshly beautiful, bloody game of man vs. wolves"

Neeson simply brings more to these roles than other actors do:?Neeson shines because he elevates these action roles, masterfully expanding them beyond the typical script's cookie-cutter characterization, says Stephanie Zacharek at Movieline. His character in The Grey is saddled with "absurdly macho" dialogue, but Neeson makes the lines surprisingly poetic. He infuses Ottaway with an emotional complexity that "keeps him from becoming a caricature." As he slowly reveals his character's suffering, you can see "the shifts of dusky feeling that play across his face."
"The Grey is a howl of existential pain, with some action thrown in"

But he's squandering his talent: How the mighty have fallen, says Scott Tobias at The A.V. Club. At the top of his game, Neeson brilliantly played sensitive ? in Woody Allen's Husbands and Wives ? and was perfectly cast as the "vengeful urban hero" in?Darkman, which "emphasized his intense vulnerability and inner torment." Neeson's recent string of "steely, inscrutable tough guy" roles does not play to his strengths. In The Grey, he sounds like "the hard-bitten narrator of a justly forgotten film noir." What a waste.
"The Grey"

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SEE ALSO: Megan Fox's 'bizarre' Brazilian language school ad

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Source: http://us.rd.yahoo.com/dailynews/rss/oped/*http%3A//news.yahoo.com/s/theweek/20120127/cm_theweek/223820

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Lana Del Rey's Born To Die: The Reviews Are In!

Despite all the hype and controversy, critics are pretty impressed by Del Rey's atmospheric music.
By Gil Kaufman


Lana Del Rey's "Born To Die" video
Photo: Interscope

The now-infamous "Saturday Night Live" performance fail. All the hype about her looks, her path to the spotlight and the obligatory album leak a week before her debut dropped.

Lana Del Rey survived a lifetime's worth of slings and arrows before her major-label debut, Born to Die, was even released. But now that it's officially out, critics have had a chance to listen to the atmospheric tracks she's put together, and for the most part, they're pretty impressed.

The Chicago Tribune gave it two out of four stars and said the finished product is not always as interesting as the run-up to its release. "[The album] positions itself as a knowing retro commentary. It borrows heavily from B movies starring various second- and third-level 'Rebel Without a Cause' bad boys on motorcycles, string-drenched 'Last Kiss' pop tunes in which young lovers die in each other's arms, beehived teens-with-attitude declaring, 'He hit me and it felt like a kiss,' " music critic Greg Kot wrote. While Kot said Del Rey wishes to be taken seriously as "the bad girl in a gown, the cabaret singer with a masochistic streak," he said she's not always up to the task, even as he praised her distinctive, draggy vocal delivery and the dramatic, eerie arrangements from producer Emilie Haynie.

Over at BBC, the focus was squarely on the music, saying above and beyond the drama, Born to Die is about "something older and more mysterious than that; the extraordinary, resilient power of the pop song." The reviewer lamented that nothing on the 12-track album quite reaches the exquisite bummerness of lead single "Video Games," with several of the songs running "perilously close, while revealing there's more to her than the love-stunned torch singer [of that song]." What makes the album so fascinating and sets Del Rey apart from the typical "I'm hot, you're hot" pop tart is her "preoccupation with Hollywood archetypes of American femininity, and her ability to shape-shift between them."

MTV News' own James Montgomery believed the hype, writing that the album was "positively brimming with atmospherics — soaring, sonorous strings, echoing electronic boom-bap, morose, maudlin guitar crescendos — all of which imbue it with a truly epic (if not unnecessarily dramatic) scope." For him, the album is a "thrilling headphone experience" that sounds like the $1 million he suspected it cost to make.

The U.K.'s Guardian also praised the "sumptuous" orchestration and Del Rey's "fine" voice. But after being impressed by the "beguiling description of a mundane love" affair in "Video Games," the reviewer said the album's other lyrics are "incredibly heavy-handed in their attempts to convince you that Lana del Rey is the doomed but devoted partner of a kind of Athena poster bad boy, all white vest, cheekbones and dangling ciggie." If anything, the Guardian critic didn't buy the Del Rey tough-girl personality and said the best bet is to mostly ignore the lyrics and focus on "how magnificently most of the melodies have been constructed."

Leave your own review of Born to Die in the comments!

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Source: http://www.mtv.com/news/articles/1678050/lana-del-rey-album-born-to-die-reviews.jhtml

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Friday, January 27, 2012

Review: "The Grey" is more than "Taken" with wolves (Reuters)

LOS ANGELES, Jan 26 (TheWrap.com) ? In a universe where Liam Neeson hadn't become Hollywood's favorite First Quarter Action Star (following early-in-the-year hits "Taken" and "Unknown," which a friend of mine collectively refers to as "Schindler's Pissed"), it's plausible that "The Grey" would be sold as a meditative man-against-nature movie and not as a rousing thriller.

The thrills are there, to be sure, but "The Grey" periodically pauses the action to provide actual character development and dramatic interplay, mostly to the film's benefit.

Neeson stars as Ottway, a man torn apart over the estrangement of his wife (Anne Openshaw, who appears in several flashbacks and dream sequences) and working on an oil field in a remote stretch of Alaska, shooting the native wolves if they get too close.

When an Anchorage-bound airplane carrying Ottway and a bunch of roughnecks on an R&R weekend crashes in the middle of nowhere, the small band of survivors struggle to survive the elements, as well as a pack of wolves that's in pursuit.

Director Joe Carnahan ("Narc," "Smokin' Aces") keeps much of the proceedings brooding and quiet, making loud moments - like the vivid plane crash, a scene that will definitely rattle anyone who's phobic about flying - stand out all the more.

Carnahan's screenplay (written with Ian Mackenzie Jeffers, based on the latter's short story) artfully balances character-based drama with elements of the slasher movie (people get picked off one by one, with Mother Nature instead of Freddy Krueger as the killer) and World War II foxhole epic (Ottway's fellow survivors include the Loud Guy, the Sensitive Guy, the African-American Guy, the Nice Latino, the Selfish Latino and the Dermot Mulroney).

Not all of the characters are quite as interesting or fully fleshed-out as they might be, but "The Grey" gets away with interrupting the tension in an attempt to make its ensemble more human. Ottway, of course, gets the greatest amount of largesse from the screenplay, and we do get one or two third-act revelations about him that are genuinely surprising.

This is one of those movies where it's definitely worth finding a theater with the best sound system possible - that plane crash feels all the more immediate thanks to sound designer Bob Kellough and his team, of course, but their work also makes everything from the relentless wind on the tundra to the distant howls of the hungry wolves rattle through your ribcage.

Apart from one unbelievably superhuman feat (that conveniently takes place off-camera), the men of "The Grey" respond to their peril in all-too-mortal ways, either slipping up, creatively addressing the situation, or even literally giving up the ghost when they realize that they're just too exhausted to continue. The film, however, never lets up, keeping the suspense going even after the closing credits have rolled. (Sit through them for the film's final coda, incidentally.)

Memories of "The Grey" will probably melt away before spring's first sunny day, but it's the kind of movie that will satisfy both fans of Neeson's serious performances in films like "Kinsey" and those who line up for his more recent spate of I-will-kill-everyone flicks.

(Editing By Zorianna Kit)

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/nm/20120126/film_nm/us_thegrey_review

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Stocks set to slip in hesitant market

By msnbc.com news services

Stocks are set to slip Wednesday as the market continues to show signs of fatigue after a strong run from late last year.

Apple's quarterly results on Tuesday blew past Wall Street's expectations after U.S. consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8 percent into record territory. Apple was up 7.7 percent to $453 in pre-market trading.

The results were a standout in what has otherwise been a fairly lackluster earnings season. So far 58 percent of companies have beat forecasts while at this stage in the third quarter earnings season, 70 percent beat forecasts.

"Up until now there has been pockets of weakness in a handful companies that have sparked concern among investors," said Andre Bakhos, director of market analytics at Lek Securities in New York.

But he added that lack of direction in the market this week was more likely due to a 22 percent run-up since October lows and that the market was poised to move higher as the economy improved and Europe contained its debt crisis.

"This market is setting itself up for a potent upside move," he said.

The U.S. Federal Reserve, which is holding its regular monetary policy meeting, looks set to keep monetary policy on hold on Wednesday, even as it releases forecasts expected to show interest rates will be near zero for at least two more years.

Roche Holding AG is offering $5.7 billion in cash to buy U.S. gene sequencing company Illumina Inc in a hostile takeover bid that marks a major play by the Swiss drugmaker into the gene technology field. Illumina rose 37 percent to $51.50 in pre-market trade.

U.S. President Barack Obama used his last State of the Union speech before the November election to paint himself as the champion of the middle class, by demanding higher taxes for millionaires and tight reins on Wall Street.

The National Association of Realtors issues Pending Home Sales for December at 10 a.m. (1500 GMT). Economists expect a 1.0 percent fall compared with a 7.3 percent rise in the previous month.

Nordic budget carrier Norwegian Air Shuttle ordered 222 narrow-body aircraft worth a total of $21.5 billion at list prices on Wednesday. It split its order between Boeing Corp and Airbus, part of EADS.

Diversified U.S. manufacturer Textron Inc reported a quarterly loss after taking a hefty charge to write down the value of loans on golf courses -- a hangover from the financial crisis. Its shares were up 6.4 percent to $23 before the open.

Boeing, the world's largest aerospace and defense company, is set to report a sharp decline in fourth-quarter profit. Other companies announcing results include Abbott Laboratories, Automatic Data Processing and Xerox.

European shares fell, weighed by the tech sector after a sharp post-results decline for mobile telecoms network gear maker Ericsson.

U.S. stocks edged lower on Tuesday, ending a five-day rally for the S&P 500, as talks to resolve Greece's debt crisis hit a snag and earnings from a number of blue-chips disappointed investors.

Reuters contributed to this report.

Source: http://bottomline.msnbc.msn.com/_news/2012/01/25/10232885-stocks-set-to-slip-in-hesitant-market

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Thursday, January 26, 2012

Dutch arrest Megaupload suspect at US request (AP)

THE HAGUE, Netherlands ? A prosecutor's office spokeswoman says an Estonian citizen has been jailed for 60 days after being arrested by Dutch police at the request of American authorities investigating file-sharing website Megaupload.

Spokeswoman Marieke van der Molen declined Wednesday to release the man's name in line with Dutch privacy rules, but a U.S. Justice Department official identified him as software programmer Andrus Nomm, 32, a citizen of Estonia and a resident of both Turkey and Estonia.

Van der Molen says the suspect was arrested last Friday and appeared before a judge Monday who ordered him detained for 60 days pending an American extradition request.

New Zealand police arrested four other suspects last week, including Megaupload founder Kim Dotcom.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_re_eu/eu_netherlands_megaupload

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Bank of England chief backs CEO pay restraint (AP)

LONDON ? The governor of the Bank of England has joined calls from government and Parliament for banks and other big businesses to curb lavish executive pay.

Mervyn King also said Tuesday that there is scope for the bank to pour more billions into economic stimulus, a step some analysts believe could come as early as next month.

Speaking in Brighton, King said those who set executive pay need to accept that the market economy relies on a perception that rewards are distributed fairly.

"The legitimacy of a market economy will inevitably be challenged if rewards go disproportionately to a small elite, especially one which benefited from the support of taxpayers," King said.

Major British banks, both those that were bailed out and those which benefited from the implicit support of taxpayers, are now in the spotlight of public concern about high pay and the bonus culture.

British Business Secretary Vince Cable said Monday his government will be making proposals this year to give shareholders more clout to curb excesses.

"The tragedy of the financial crisis is that those who have suffered most have been those who bear no responsibility for it, and who, whether employees or businesses, accepted the disciplines of a market economy only to find that others were excused that discipline because they were 'too important to fail,'" King said, again pointing to the financial sector.

The High Pay Commission, an independent body, reported last year that executive pay in Britain's top 100 corporations had risen far faster than overall pay.

At oil company BP, for instance, the top executive was paid 63 times the company's average pay in 2009-2011. At Barclays bank the multiple was 75 times, as was bailed-out Lloyds Banking Group.

Since December 2009, the Bank of England has spent 275 billion pounds ($430 billion) to buy high-grade assets, including government and corporate bonds, a program known as quantitative easing.

The Bank's Monetary Policy Committee, concerned about the lagging growth of the U.K. economy, authorized the latest injection of 75 billion pounds in October.

"With inflation falling back and wage growth subdued, there is scope for interest rates to remain low, and, if necessary, for further asset purchases, to prevent inflation falling below the 2 percent target," King said.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_bi_ge/eu_britain_economy

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Wednesday, January 25, 2012

Man with locked-in syndrome wants right to die

Former rugby player Tony Nicklinson had a high-flying job as a corporate manager in Dubai, where he went skydiving and bridge-climbing in his free time.

Seven years ago, he suffered a paralyzing stroke. Today he can only move his head, cannot speak and needs constant care.

And he wants to die.

To try to ensure that whoever ends his life won't be jailed, the 57-year-old Nicklinson recently asked Britain's High Court to declare that any doctor who gives him a lethal injection with his consent won't be charged with murder. This week, the court will hold its first hearing on the case.

"Most people who want to die, who are physically able to do so, can lawfully commit suicide," said Nicklinson's lawyer, Saimo Chahal.

But that's not the case for Nicklinson, who has "locked-in syndrome" ? a condition in which a person's body is paralyzed but mind intact.

Under U.K. law, anyone who helps Nicklinson die could be charged with murder, even if they are carrying out his wishes. A murder charge has a mandatory life sentence, regardless of the motive or circumstances.

No one suspected of aiding a loved one's suicide has been charged with such a crime in Britain in recent years. But Nicklinson doesn't want to take any chances. Instead he wants to change the legal definition of murder to exclude euthanasia, arguably a long shot.

Emily Jackson, a medical law expert at London's School of Economics, said Nicklinson may have a plausible case. "He is making a very interesting argument," she said.

Euthanasia is legal in the Netherlands but requires a long-term relationship between doctors and patients, a rule that excludes most foreigners. Assisted suicide is legal in Switzerland, including for foreigners, but Nicklinson does not want to go there to die.

Nicklinson argues that British law hinders his right to "private and family life" ? guaranteed by the European Convention on Human Rights ? on the grounds that being able to choose how to die is a matter of personal autonomy.

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"He argues that it's unfair on him and that a humane legal system would enable somebody in his circumstances, with considerable safeguards, to get help from a doctor to exercise a right, which he has in theory, but is deprived of in practice," Chahal said.

The Ministry of Justice has applied to dismiss Nicklinson's suit since it could involve changing the law ? which must be done by Parliament, not the High Court.

Nicklinson communicates mostly by using a computer that detects his blinking. In a statement, he described his life as "dull, miserable, demeaning, undignified and intolerable."

He has refused since 2007 to take any life-prolonging drugs recommended by doctors, including heart drugs or blood thinners. He only takes medicines to make himself more comfortable, such as those to reduce muscle spasms. His wife, Jane, a trained nurse, said he could be at risk of another stroke or a heart attack.

Jane described her husband as "a real alpha male" who was very active before his stroke. "He was tall, dark and handsome," she says of the night they met on a blind date in Dubai. The two later also lived in Hong Kong, Malaysia and Britain with their two daughters. Nicklinson chaired a sports club that ran rugby events in the United Arab Emirates, mixing with elite players and officials.

"It was a dream come true for him," his wife said.

Jane said she and their two grown daughters didn't initially agree with her husband's choice to die. "It was very upsetting and obviously it's not what we want, but it's what he wants and it's his life," she said.

Nicklinson spends most of his days at a computer he controls by blinking, writing emails and surfing the web. Jane said he rarely leaves his room in their bungalow in rural Wiltshire, southwest England, except to watch television in the evenings. He's also writing his memoirs.

"It's amazing what he remembers," his wife said. "His mind is completely unaffected."

Like the renowned physicist Stephen Hawking, who recently turned 70, Nicklinson has not lost any of his intellectual capacities. Hawking has Lou Gehrig's disease, a degenerative condition that kills most people within a few years. He has repeatedly said he doesn't think about his physical limitations, which haven't prevented him from revolutionizing the understanding of black holes and the origins of the universe.

A recent British commission headed by a former justice secretary concluded there was a strong case for allowing assisted suicide under strict criteria. The commission was set up and funded by campaigners who want the current law changed. The report did not support euthanasia and recommended assisted suicide only be allowed for terminally ill people, which would exclude Nicklinson.

In 2009, the British government's top prosecutor said people who helped terminally ill relatives and friends die were unlikely to be charged if they acted out of compassion. From 2009 to 2011, 40 cases of people suspected of helping loved ones die were reported to the government prosecutor; none was charged.

In 2002, the Netherlands became the first country to legalize euthanasia, allowing doctors to end the lives of patients whose suffering is "unbearable and hopeless" ? not just those with terminal illnesses. In recent years, the country's rates of euthanasia and physician-assisted suicide have risen slightly, but still account for less than 3 percent of all deaths.

Switzerland allows doctors to prescribe a fatal dose of medicine for patients to take themselves. Since 2001, more than 160 Britons have traveled to the Dignitas clinic, near Zurich, to die.

Nicklinson considered going to Switzerland, but his wife said he decided against it for several reasons, including the approximately 6,500 pound ($10,000) cost. Nicklinson is currently receiving legal aid from the government to cover most of his lawyer's fees.

Euthanasia is also legal in Belgium, Luxembourg and the state of Oregon in the United States.

Critics of euthanasia say the U.K. should focus more on improving care for the chronically and terminally ill instead of legislating mercy killing.

"I'm massively sympathetic to (Nicklinson's) situation, but I don't think we should change the law when it will impact hundreds of thousands of other people," said Dr. John Wiles, chairman of Care Not Killing, an alliance that opposes euthanasia. He warned that legalizing euthanasia might worsen treatment of elderly people and the terminally ill.

Wiles doubted enough safeguards could ever be in place. "However narrow you try to make it, in principle, we would be allowing the killing of other members of society for the first time," he said. "If we change the law, we'll be saying to people, 'If you don't like the care you're getting, you can just end it.'"

The British Medical Association also opposes any changes that would permit assisted suicide or euthanasia. While patients have the right to their medical records, the group advises doctors to refuse to share such reports if they suspect the information will be used to commit assisted suicide abroad.

Nicklinson's wife, Jane, said her husband simply wants the right to choose when to end his life. She said he began asking to die as soon as he could start communicating after his stroke, once he realized he wouldn't improve.

"I've tried many times to change his mind, but he is adamant to see this through," she said.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.msnbc.msn.com/id/46099909/ns/health-health_care/

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Tuesday, January 24, 2012

New Yahoo CEO says company needs to "do better" (Reuters)

(Reuters) ? Yahoo Chief Executive Scott Thompson tried to manage expectations on his first earnings call as the new CEO, broadly addressing numerous issues the Internet company is grappling with -- from a potential sale to reviving its core display advertising business -- but declined to lay out a detailed strategy.

Analysts prodded Thompson for clues about his plans for Yahoo Inc, which fired former CEO Carol Bartz in September and last week saw co-founder Jerry Yang resign unexpectedly, but all they received were boilerplate comments about how the company needs to "do better" and "get innovative products that matter into the market."

Thompson, along with Chief Financial Officer Tim Morse, gave few hints about the progress of Yahoo's strategic review as well, dashing hopes that his arrival might hasten a transaction.

Morse said talks with Yahoo's Asian partners -- Alibaba and Softbank -- about a restructuring were continuing but beyond that provided little concrete detail on where things stand.

Thompson, who was only hired as CEO two weeks ago, added that the company's board has narrowed down its options to the ones that appear "most promising."

Meanwhile, Yahoo's net revenue and profit fell slightly in the fourth quarter, as it experienced year-over-year declines in both its search and display ad business.

Shares of the company slipped 4 cents to $15.65 in after-hours trade.

Morse said that macroeconomic factors, particularly in Europe, resulted in weaker than expected display advertising revenue in the fourth quarter and continued to be a concern.

"We still look out, especially upon Europe, with some caution," Morse told Reuters in an interview on Tuesday.

But he said Yahoo was seeing some positive trends in the new year, noting that some large advertisers that had limited their ad spending with Yahoo in 2011, had already committed to "meaningful upfronts" in 2012.

The struggling Internet company projected that its net revenue in the first quarter would range between $1.025 billion and $1.105 billion.

The company earned $296 million in net income in the three months ended December 31, or 24 cents a share, compared with $312 million, or 24 cents a share, in the year-ago period.

Analysts polled by Thomson Reuters I/B/E/S were expecting 24 cents per share in profit.

In the fourth quarter, Yahoo reported net revenue, which excludes fees that Yahoo shares with Web partners, of roughly $1.17 billion, compared with $1.205 billion the same time last year.

Display ad revenue, Yahoo's main source of revenue, totaled $612 million for the quarter. Search ad revenue for the quarter came in at $465 million, $48 million of which stemmed from its partnership with Microsoft.

(Reporting By Alexei Oreskovic; Editing by Bernard Orr)

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/nm/20120124/wr_nm/us_earnings_yahoo_options

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Fishbowl Worldwide Media Launches Pets-Centric YouTube ...

FishBowl Worldwide Media has launched a YouTube channel of the pets, for the pets and by the pets using its library of clips from ?America?s Funniest Home Videos.?

?Petsami,? the latest offering from Vin DiBona and Bruce Gersh?s ?next generation studio,? features six new shows all about pets and hosted by pets. The lineup includes a weekly newsmagazine and a program dedicated to funny cat clips. Three more shows are on the way.

Gersh and DiBona founded Fishbowl knowing they had a wealth of user-generated content from the ?America?s Funniest Home Videos? library. Given the types of videos submitted for the hit TV show, Fishbowl has the library to create playlists for any animal one could want.

?Obviously on YouTube and in the production space there are many successful companies producing web content and TV content, but I don?t think they are doing it with the know-how and expertise we have in the UGC space,? Gersh said.

The shows will mix new content filmed for the shows with the clips they already have, and David Beebe, Vice President and General Manager of Fishbowl?s digital studio, said they have already finished 12 episodes of each show.

There will also be a distinct social aspect of every show.

For ?CuteWinTail,? which presents three clips of animals, audiences can pick which was the most ?epic.? For ?KlipKat,? users can submit captions to funny cat clips.

Beebe said all the characters will have their own social media accounts, tweet during the programming and answer questions ?just like you?d have with any actor.?

Want to take a peek? Click here.

Source: http://www.thewrap.com/column-post/fishbowl-worldwide-media-launches-pets-centric-youtube-channel-34697

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Monday, January 23, 2012

High court: warrant needed for GPS tracking

(AP) ? The Supreme Court ruled unanimously Monday that police must get a search warrant before using GPS technology to track criminal suspects.

The decision was a defeat for the government and police agencies, and it raises the possibility of serious complications for law enforcement nationwide, which increasingly relies on high tech surveillance of suspects, including the use of various types of GPS technology.

A GPS device installed by police on Washington, D.C., nightclub owner Antoine Jones' Jeep helped them link him to a suburban house used to stash money and drugs. He was sentenced to life in prison before the appeals court overturned the conviction.

Associate Justice Antonin Scalia said that the government's installation of a GPS device, and its use to monitor the vehicle's movements, constitutes a search, meaning that a warrant is required.

"By attaching the device to the Jeep" that Jones was using, "officers encroached on a protected area," Scalia wrote. He concluded that the installation of the device on the vehicle without a warrant was a trespass and therefore an illegal search.

All nine justices agreed that the GPS monitoring on the Jeep violated the Fourth Amendment's protection against unreasonable search and seizure, a decision the American Civil Liberties Union said was an "important victory for privacy."

Washington lawyer Andy Pincus called the decision "a landmark ruling in applying the Fourth Amendment's protections to advances in surveillance technology." Pincus has argued 22 cases before the Supreme Court and filed a brief in the current case on behalf of the Center for Democracy and Technology, a civil liberties group with expertise in law, technology, and policy.

Scalia wrote the main opinion of three in the case. He was joined by Chief Justice John Roberts and Justices Anthony Kennedy, Clarence Thomas and Sonia Sotomayor.

Sotomayor also wrote one of the two concurring opinions that agreed with the outcome in the Jones case for different reasons.

Justice Samuel Alito wrote, in the other concurring opinion, that the trespass was not as important as the suspect's expectation of privacy. Police monitored the Jeep's movements over the course of four weeks after attaching the GPS device.

"The use of longer term GPS monitoring in investigations of most offenses impinges on expectations of privacy," Alito wrote in an opinion joined by Justices Ruth Bader Ginsburg, Stephen Breyer and Elena Kagan. Sotomayor in her concurring opinion specifically said she agreed with Alito on this conclusion.

Alito added, "We need not identify with precision the point at which the tracking of this vehicle became a search, for the line was surely crossed before the four-week mark."

Regarding the issue of duration, Scalia wrote that "we may have to grapple" with those issues in the future, "but there is no reason for rushing forward to resolve them here."

Alito also said the court should address how expectations of privacy affect whether warrants are required for remote surveillance using electronic methods that do not require the police to install equipment, such as GPS tracking of mobile telephones. Alito noted, for example, that more than 322 million cellphones have installed equipment that allows wireless carriers to track the phone's location.

"If long-term monitoring can be accomplished without committing a technical trespass ? suppose for example, that the federal government required or persuaded auto manufacturers to include a GPS tracking device in every car ? the court's theory would provide no protection," Alito said.

Sotomayor agreed. "It may be necessary to reconsider the premise that an individual has no reasonable expectation of privacy in information voluntarily disclosed to their parties," she said.

A federal appeals court in Washington had overturned Jones's drug conspiracy conviction because police did not have a warrant when they installed a GPS device on his vehicle and then tracked his movements for a month. The Supreme Court agreed with the appeals court.

The case is U.S. v. Jones, 10-1259.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-01-23-Supreme%20Court-GPS%20Tracking/id-6a812d1dee8e440cb1c889e2a93f1ebd

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