Tuesday, 31 January 2012

Politicians, union hail RBS CEO's bonus refusal (AP)

LONDON ? Britain's leaders, politicians and union leaders on Monday welcomed the decision by the chief executive of nationalized Royal Bank of Scotland to refuse, under huge media pressure, a million-pound ($1.6 billion) bonus.

The bank, which is 82 percent-owned by taxpayers, announced Sunday that Stephen Hester would not accept a bonus of 3.6 million shares after calls to do so grew from politicians, labor unions and the media.

The bonus would have been on top of Hester's annual salary of 1.2 million pounds for leading the restructuring of RBS, which the government spent 45 billion pounds to rescue and nationalize during the global credit crunch.

Prime Minister David Cameron urged the bank to show restraint in its bonus payments to Hester's senior colleagues in the coming weeks, and suggested it do a better job to explain how executive pay is linked to performance.

"They have got to have proper regard in terms of restraint when they have had so much money from the taxpayer and they have made so many mistakes in the past," Cameron told reporters in Brussels, where he was attending a summit of European leaders.

Cameron's comments came after Foreign Secretary William Hague said Hester's decision was "sensible and welcome," while David Fleming, national officer of the Unite union, called it "better late than never."

The opposition Labour Party had been planning to force a vote in the House of Commons on a motion demanding that Hester be stripped of the bonus.

"I don't think this can be just a one-off episode, because if we don't deal with this systematically, if we don't deal with the issue of bankers' bonuses in a proper way, this kind of thing is just going to re-occur," said Labour Party leader Ed Miliband.

He said banks "need real change in the boardroom and new rules and real change from the government to, say, tax the bankers' bonuses until we see the change in behavior that we need."

The pressure on Hester to forego his bonus, however, raised doubts on the bank's longer-term ability to retain high-level executives.

"The ongoing politicization of contractually owed bonuses can only serve to increase the risk that management will ultimately decide to leave, severely hampering the prospects of a further recovery," said Gary Goodwood, analyst at Shore Capital Stockbrokers.

"This is one of a number of reasons why we think it is still too early to take a positive stance on Royal Bank of Scotland shares."

Bruce Packard at Seymour Pierce took a contrary view, saying any move to "more clearly align incentives with actual share price performance ? RBS shares fell by a third in the last year ? ought to be taken as good news for owners of the business."

The government will only recover its investment in RBS if the company's stock rises to around 50 pence. On Monday, it was down 2.4 percent at 27 pence.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20120130/ap_on_bi_ge/eu_britain_rbs

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Friday, 27 January 2012

Celeb birthdays for the week of Jan. 29-Feb. 4 (AP)

Jan. 29: Actor-singer Noel Harrison is 78. Actress Katharine Ross is 72. Actor Tom Selleck is 67. Singer Bettye LaVette is 66. Actor Marc Singer is 64. Actress Ann Jillian is 62. Drummer Tommy Ramone of The Ramones is 60. Drummer Louie Perez of Los Lobos is 59. Singer Charlie Wilson of The Gap Band is 59. Talk-show host Oprah Winfrey is 58. Country singer Irlene Mandrell is 56. Actress Diane Delano ("The Ellen Show," "Northern Exposure") is 55. Actress Judy Norton Taylor ("The Waltons") is 54. Guitarist Johnny Spampinato (NRBQ) is 53. Drummer David Baynton-Power of James is 51. Bassist Eddie Jackson of Queensryche is 51. Actor Nicholas Turturro is 50. Singer-guitarist Roddy Frame of Aztec Camera is 48. Director-actor Ed Burns is 44. Actress Heather Graham is 42. Actor Sharif Atkins is 37. Actress Sara Gilbert is 37. Actor Andrew Keegan ("Party of Five") is 33. Guitarist Jonny Lang is 31.

Jan. 30: Actor Gene Hackman is 82. Actress Tammy Grimes is 78. Actress Vanessa Redgrave is 75. Country singer Jeanne Pruett is 75. Country singer Norma Jean is 74. Singer Marty Balin of Jefferson Airplane/Jefferson Starship is 70. Horn player William King of The Commodores is 63. Musician Phil Collins is 61. Actor Charles S. Dutton ("Roc") is 61. Comedian Brett Butler ("Grace Under Fire") is 54. Singer Jody Watley is 53. Country singer Tammy Cochran is 40. Actor Christian Bale is 38. Singer Josh Kelley is 32. Actor Wilmer Valderrama is 32. Actor Jake Thomas ("Lizzie McGuire," "AI") is 22.

Jan. 31: Actress Carol Channing is 91. Actor Stuart Margolin ("The Rockford Files") is 72. Actress Jessica Walter ("Arrested Development") is 71. Actor Glynn Turman ("The Wire," "A Different World") is 66. Singer Harry Wayne Casey of KC and the Sunshine Band is 61. Singer Johnny Rotten of the Sex Pistols is 56. Actor Anthony LaPaglia is 53. Actress Kelly Lynch is 53. Singer-guitarist Lloyd Cole is 51. Guitarist Jeff Hanneman of Slayer is 48. Bassist Al Jaworski of Jesus Jones is 46. Actress Minnie Driver is 42. Actress Portia de Rossi is 39. Actress Kerry Washington ("Ray") is 35. Singer Justin Timberlake is 31.

Feb. 1: Actor Stuart Whitman is 84. Actor-comedian Garrett Morris is 75. Singer Don Everly of The Everly Brothers is 75. Singer Ray Sawyer of Dr. Hook and the Medicine Show is 75. Actor Sherman Hemsley is 74. Jazz pianist Joe Sample is 73. Bluegrass singer Del McCoury is 73. Actor-writer-director Terry Jones (Monty Python) is 70. Guitarist Mike Campbell of Tom Petty and the Heartbreakers is 62. Actor-writer-producer Billy Mumy ("Lost in Space") is 58. Singer Exene Cervenka of X is 56. Keyboardist Dwayne Dupuy of Ricochet is 47. Actress Sherilyn Fenn is 47. Singer Lisa Marie Presley is 44. Comedian Pauly Shore is 44. Drummer Patrick Wilson of Weezer is 43. Actor Michael C. Hall is 41. Rapper Big Boi of Outkast is 37. TV personality Lauren Conrad is 26.

Feb. 2: Actress Elaine Stritch is 87. Actor Robert Mandan ("Soap," "Three's a Crowd") is 80. Comedian Tom Smothers is 75. Singer Graham Nash is 70. Actor Bo Hopkins is 70. Singer Howard Bellamy of the Bellamy Brothers is 66. TV chef Ina Garten ("Barefoot Contessa") is 64. Actor Brent Spiner ("Star Trek: The Next Generation") is 63. Bassist Ross Valory of Journey is 63. Model Christie Brinkley is 58. Actor Michael Talbott ("Miami Vice") is 57. Actress Kim Zimmer ("Guiding Light") is 57. Bassist Robert DeLeo of Stone Temple Pilots is 46. Actress Jennifer Westfeldt ("Kissing Jessica Stein") is 42. Rapper T-Mo (Goodie Mob) is 40. Actress Marissa Jaret Winokur is 39. Singer Shakira is 35.

Feb. 3: Comedian Shelley Berman is 87. Actress Blythe Danner is 69. Singer Dennis Edwards (The Temptations) is 69. Guitarist Dave Davies of The Kinks is 65. Singer Melanie is 65. Actress Morgan Fairchild is 62. Actor Nathan Lane is 56. Guitarist Lee Ranaldo of Sonic Youth is 56. Actor Thomas Calabro ("Melrose Place") is 53. Actress Michele Greene ("L.A. Law") is 50. Country singer Matraca Berg is 48. Actress Maura Tierney ("ER," "NewsRadio") is 47. Singer Daddy Yankee is 36. Singer Jessica Harp (The Wreckers) is 30. Rapper Sean Kingston is 22.

Feb. 4: Actor Conrad Bain ("Diff'rent Strokes") is 89. Comedian David Brenner is 76. Actor Gary Conway ("Burke's Law") is 76. Drummer John Steel of The Animals is 71. Singer Florence LaRue of the Fifth Dimension is 68. Singer Alice Cooper is 64. Actor Michael Beck is 63. Actress Lisa Eichhorn is 60. Singer Tim Booth of James is 52. Country singer Clint Black is 50. Guitarist Noodles of The Offspring is 49. Country bassist Dave Buchanan of Yankee Grey is 46. Bassist Rick Burch of Jimmy Eat World is 37. Singer Natalie Imbruglia is 37. Rapper Cam'ron is 36. Singer Gavin DeGraw is 35.

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/ap/20120126/ap_en_ce/us_celeb_birthdays

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Tuesday, 24 January 2012

Obama makes case for fairness; GOP calls it rehash (AP)

WASHINGTON ? President Barack Obama is promising the nation an economy that gives a shot to everyone and not just the rich, using Tuesday night's State of the Union address to draw an election-year battle line with Republicans over fairness and the free market. Driving everything about the speech: jobs, including his own.

Overshadowed for weeks by the fierce race of the Republicans seeking his job, for one night Obama had a grand stage to himself.

He planned to pitch his plans to a bitterly divided Congress and to a country underwhelmed by his handling of the economy. Targeting anxiety about a slumping middle class, Obama was calling for the rich to pay more in taxes. Every proposal was to be underlined by the idea that hard work and responsibility still count.

Tens of millions of people were expected to watch on television, turning an always-political speech into Obama's best chance yet to sell his vision for another four years.

For an incumbent on the attack about income inequality, the timing could not be better.

Ahead of Obama's 9 p.m. EST speech, Republican presidential contender Mitt Romney released his tax returns under political pressure, revealing that he earned nearly $22 million in 2010 and paid an effective tax rate of about 14 percent. That's a lesser rate than many Americans pay because of how investment income is taxed in the United States.

Obama, though, has his own considerable messaging challenges three years into his term.

The economy is improving, but unemployment still stands at the high rate of 8.5 percent. More than 13 million people are out of work. Government debt stands at $15.2 trillion, a record, and up from $10.6 trillion when he took office. Most Americans think the country is on the wrong track.

Obama's relations with Republicans in Congress are poor, casting huge doubt on any of his major ideas for the rest of this year. Republicans control the House and have the votes to stall matters in the Senate, although Obama has tried to take the offensive since a big jobs speech in September and a slew of executive actions ever since.

"It's hard not to feel a sense of disappointment even before tonight's speech is delivered," said Senate Minority Leader Mitch McConnell. "The goal isn't to conquer the nation's problems. It's to conquer Republicans. The goal isn't to prevent gridlock, but to guarantee it."

House Speaker John Boehner, R-Ohio, has called the themes of Obama's speech a "pathetic" rehash of unhelpful policies.

The State of the Union remains one of the most closely watched moments in American politics. Despite the political atmosphere in Washington, the scene is expected to have at least one unifying touch. Outgoing Rep. Gabrielle Giffords, who survived an assassination attempt a year ago, is expected to attend with her colleagues. Her husband, former astronaut Mark Kelly, was attending as a guest of first lady Michelle Obama.

Obama's tone was under as much scrutiny as his proposals.

He was aiming to find all the right balances: offering outreach to Republicans while sharpening his competing vision, outlining re-election themes without overtly campaigning and pledging to work with Congress even as he presses a campaign to act without it.

The context was set not just by the re-election year, but by the awful past year of partisan breakdowns in Washington. The government neared both a shutdown and, even worse, a default on its obligations for the first time in history.

Less than 10 months before Election Day, the presidential race is shaping up as a contest between unmistakably different views of the economy and the role of government.

Obama is campaigning on the idea of helping people at least get a fair shot at a job, a house, a career and a better life. Republicans say he and his philosophy have become a crushing burden on free enterprise and that the president is resorting to what amounts to class warfare to get elected again.

Obama's speech was to feature manufacturing, clean energy, education and American values. He was to unveil new proposals to address the housing crisis that has left many people trapped, and he planned to promote steps to make college education more affordable.

The president was planning a traditional rundown on the state of American security and foreign policy ? and a reminder that he kept a promise to end the Iraq war.

But his driving focus was to secure faith in the economic recovery and in voters' confidence that he is getting the country on the right path.

Obama planned to renew his call for his "Buffet Rule" ? a principle that millionaires should not pay a lower tax rate than typical workers. While middle-income filers fall in the 15 or 25 percent bracket, and millionaires face a 35 percent tax bracket, those who get their income from investments ? not a paycheck ? pay 15 percent.

The president named his idea after billionaire Warren Buffet, who says it is unfair that his secretary pays a higher tax rate than he does. The White House invited Buffett's secretary, Debbie Bosanek, to attend the State of the Union as a special guest.

Obama was to outline a tax system "where everybody is paying their fair share," said senior adviser Valerie Jarrett.

And then for three days following his speech, Obama will promote his ideas in five states key to his re-election bid. On Wednesday he'll visit Iowa and Arizona to promote ideas to boost American manufacturing; on Thursday in Nevada and Colorado he'll discuss energy, and in Michigan on Friday he'll talk about college affordability, education and training.

Polling shows Americans are divided about Obama's overall job performance but unsatisfied with his handling of the economy.

The speech Tuesday night comes just one week before the Florida Republican primary that could help set the trajectory for the rest of the race.

Romney, caught up in a tight contest with a resurgent Newt Gingrich, commented in advance to Obama's speech.

"Tonight will mark another chapter in the misguided policies of the last three years ? and the failed leadership of one man," Romney said from Florida.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/ap/20120124/ap_on_go_pr_wh/us_state_of_the_union

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Thursday, 19 January 2012

UConn president defends tuition increase in blog

January 18, 2012

STORRS, Conn.?

University of Connecticut President Susan Herbst is telling students to "hold me and our administration accountable" for the quality of their education, including how money from new tuition increases is spent.

Herbst said in a blog post on UConn's website Wednesday that she recognizes tuition increases are never popular, but that the university must respond to ongoing state budget cuts and enrollment increases.

UConn is increasing tuition between 6 percent and 6.8 percent annually over the next four years.
The money will be used to hire nearly 300 new faculty members, making classes more available so more students can graduate in four years.

Herbst said in Wednesday's post that all great universities continuously evolve, and that adding more faculty members will help UConn boost its research and teaching quality.

AP-WF-01-18-12 1450GMT

Source: http://www.courant.com/news/local/statewire/hc-ap-ct-uconntuitionjan18,0,4283317.story?track=rss

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Wednesday, 18 January 2012

Neural balls and strikes: Where categories live in the brain

Tuesday, January 17, 2012

Hundreds of times during a baseball game, the home plate umpire must instantaneously categorize a fast-moving pitch as a ball or a strike. In new research from the University of Chicago, scientists have pinpointed an area in the brain where these kinds of visual categories are encoded.

While monkeys played a computer game in which they had to quickly determine the category of a moving visual stimulus, neural recordings revealed brain activity that encoded those categories. Surprisingly, a region of the brain known as the posterior parietal cortex demonstrated faster and stronger category-specific signals than the prefrontal cortex, an area that is typically associated with higher level cognitive functions.

"This is as close as we've come to the source of these abstract signals" said David Freedman, PhD, assistant professor of neurobiology at the University of Chicago. "One of the main points this study suggests is that the parietal cortex is more involved in the categorization process than we had expected."

Organizing the chaos of the surrounding world into categories is one of the brain's key functions. For instance, the brain can almost immediately classify a broad range of four-wheeled vehicles into the general category of "car," allowing a person to quickly take the appropriate action. Neuroscientists such as Freedman and his laboratory team are searching for the brain areas responsible for storing and assigning these categories.

"The number of decisions we make per minute is remarkable," Freedman said. "Understanding that process from a basic physiological perspective is bound to lead to ways to improve the process and to help people make better decisions. This is particularly important for patients suffering from neurological illnesses, brain injuries or mental illness that affect decision making."

Ten years ago, experiments by Freedman and his colleagues found neurons were encoding category signals in the prefrontal cortex (PFC), a region thought to control important mental tasks such as decision making, rule learning and short-term memory. But in subsequent experiments, Freedman found a region of the parietal cortex called the lateral intraparietal area (LIP), thought to be primarily involved in basic visual and spatial processing, also encoded category information.

For the new study, to be published in the journal Nature Neuroscience, Freedman and graduate student Sruthi Swaminathan conducted the first direct comparison of prefrontal cortex and parietal cortex during categorization tasks. Monkeys were taught a simple game in which they classified dots moving in different directions into one of two categories. The subjects were shown two sets of moving dots one second apart, then held or released a joystick based on whether the two stimuli belonged to the same category or different categories.

During the task, scientists recorded neural activity in PFC and LIP. Neurons in both areas changed their activity according to the learned categories; for example, increasing firing for one category and decreasing for the other. However, category-specific neurons in LIP exhibited stronger and faster (by about 70 milliseconds) changes in activity during the task than those recorded from PFC.

"The relative timing of signals in the two brain areas gives us an important clue about their roles in solving the categorization task. Since category information appeared earlier in parietal cortex than prefrontal cortex, it suggests that parietal cortex might be more involved in the visual categorization process, at least during this task," Freedman said.

More evidence for the primacy of parietal cortex was provided by an experiment where scientists threw their subjects a curveball. The monkeys were shown an ambiguous set of moving dots on the border between the two learned categories, then asked to compare them with a second set of non-ambiguous dots ? a test with no correct answer. The subjects were required to make a decision about which category the ambiguous stimuli belonged to, and once again LIP neurons corresponded to that decision more closely than PFC.

"During the decision process, parietal cortex activity is not just correlated ? it even predicts ahead of time what the monkey will tell you," Swaminathan said. "You can record neuronal activity in parietal cortex and, in many cases, predict with great reliability what the monkey will report."

In humans, the ambiguous stimuli would be similar to an umpire deciding whether a borderline pitch was a ball or a strike ? a highly specialized real world example of the visual motion categorization task used in these experiments, Freedman said.

"In a lot of ways, that's the process we hope to understand, this umpire calling balls and strikes," he said. "It's an interesting learned behavior that's highly critical for an individual to perform with great reliability, and it's a spatial categorization with a sharp boundary, so we think it's the same process."

Next, Freedman's laboratory hopes to look at how the brain changes during the category-learning process, examining whether the category signals first arise in the parietal cortex or start in the prefrontal cortex before transferring to visual regions of the brain. The results may help scientists reverse engineer some of the brain's most important tasks in daily life.

"Making effective decisions and evaluating every situation that you're in moment by moment is critical for successful behavior," Freedman said. "We're really interested in what changes occur in the brain to allow you to recognize not just the features of a stimulus, but what it is and what it means."

###

University of Chicago Medical Center: http://www.uchospitals.edu

Thanks to University of Chicago Medical Center for this article.

This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.

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Source: http://www.labspaces.net/116737/Neural_balls_and_strikes__Where_categories_live_in_the_brain

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Tuesday, 17 January 2012

Invisible ?Covert? Drawer Lock Uses Magnets

What’s the most secure place to hide something? A place that’s not there, of course. Or the next best thing, a place that appears not to be there. And this is just what Quirky’s invisible Covert drawer lock aspires to be.
As with any magic not involving mirrors, the Covert uses magnets. The gadget consists of [...]

Source: http://feedproxy.google.com/~r/GearFactor/~3/x9ZPzb1ZD30/

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Monday, 16 January 2012

Must See HDTV (January 16th - 22nd)

After a CES related hiatus, we're back, and just in time for the premieres of a few of our favorite shows. Since we've been busy watching demo reels instead of what's on, feel free to let us know if we missed anything important during our Las Vegas trip (is anyone watching The Firm? Is it good?) Look below for the highlights this week, followed after the break by our weekly listing of what to look out for in TV, Blu-ray and videogames.

Alcatraz
The latest show from J.J. Abrams (Lost, Fringe) finds a San Francisco where some of the most dangerous inmates of the infamous prison are suddenly reappearing on the streets. We'd explain the plot further, but given its creator there's probably no point. Given his track record, it's certainly worth given a look, even if only because Jorge Garcia (Hurley from Lost) is in it. The series premiere airs tonight, check out a quick preview trailer embedded after the break.
(January 16th, Fox, 8PM)

Archer
In case you somehow haven't caught on by now, we love Archer. While he's a terribly incompetent spy, Sterling Archer still somehow always completes his mission and in entertaining fashion. Season three is finally getting under way this week, if you've followed our advice you already have the S1 & S2 Blu-ray discs filed away and are ready to go.
(January 19th, FX, 10PM)

Justified
US Marshal Raylan Givens returns this week in season three of Justified, and with the return of his old friend Boyd Crowder to a criminal lifestyle, we're sure it will be an explosive one in Harlan County. After the events of last season, an all new lineup of interesting figures is set to try and take control of criminal enterprises in this tiny corner of the mountains, which will inevitably lead to two things: intricate, flowery dialogue, and people getting shot.
(January 17th, FX, 10PM)

Continue reading Must See HDTV (January 16th - 22nd)

Must See HDTV (January 16th - 22nd) originally appeared on Engadget on Mon, 16 Jan 2012 18:37:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/01/16/must-see-hdtv-january-16th-22nd/

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