Canon earnings outlook falters, president steps down (Reuters)

TOKYO (Reuters) ? Canon Inc's 76-year-old chairman and CEO will take on the additional role of president after the $60 billion Japanese camera and printer maker forecast weak earnings growth and said its current president was stepping down.

Like other export-focused Japanese manufacturers, Canon, which makes 80 percent of its revenue overseas, has been hit by a strong yen and a weak economy, on top of last year's floods in Thailand that closed a printer plant and ruptured supply lines.

Canon said Tuneji Uchida, 70, will resign as of March 29, and be replaced by Fujio Mitarai, who served as president from 1995-2006 and has since held the post of chairman.

"Mitarai was at the centre of management, so I don't think there will be any sudden changes," said Naoki Fujiwara, a fund manager at Shinkin Asset Management, which manages about 500 billion yen ($6.5 billion) in assets.

"They do need to hand over to the next generation at some stage, so we're interested to see when that will happen."

Canon forecast 2012 operating profit of 390 billion yen ($5.1 billion), up from last year's 378.1 billion yen, but some way below the average forecast of 470 billion yen from 20 analysts surveyed by Thomson Reuters I/B/E/S.

Profit in 2010 was 387.5 billion yen.

Chief Financial Officer Toshizo Tanaka told reporters on Monday the company would work towards handing over to the next generation over the next three years. For now, given the uncertain economy, choosing a company veteran to replace Uchida, who had asked to step down, was the best option, he said.

Mitarai stepped down as president when he was appointed head of Japan's biggest business lobby, Nippon Keidanren, but he continued to play an active role and was named among the world's 30 best CEOs by Barron's magazine every year between 2008 and 2011.

A nephew of Takeshi Mitarai, among the first executives to head the company, Mitarai joined in 1961 after graduating from law school.

CAUTIOUS OUTLOOK

Canon posted a 14 percent increase in fourth-quarter operating profit, to 94.6 billion yen, in line with consensus estimates, after a fresh round of cost-cutting.

"They're forecasting a rise in 2012 earnings, but given the impact of exchange rates, they're taking a harsh outlook on profits," said Mizuho Research Institute senior economist Koji Takeuchi. "It's not negative overall, but Canon's indication of a cautious view will not be lost on the market."

Canon, which made its first camera in 1933 and now has its IXUS and PowerShot cameras competing against Nikon and Sony Corp, aims to sell 22 million compact cameras and 9.2 million interchangeable lens cameras this year, up from 18.7 million and 7.2 million, respectively, last year.

Nikon said in November it expected to sell 16 million compact cameras in the year to end-March, and 4.7 million digital SLR cameras.

Canon also competes with Xerox in printers.

Xerox lowered its 2012 outlook this month, predicting its business would feel the impact from the European debt crisis.

Canon shares have fallen about 18 percent since the start of last year, slightly underperforming the benchmark Nikkei average's 14 percent decline. The stock closed down 1 percent at 3,435 yen on Monday ahead of the earnings.

($1 = 76.67 yen)

(Reporting by Isabel Reynolds and Takeshi Yoshiike; Editing by Muralikumar Anantharaman, Edwina Gibbs and Ian Geoghegan)

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/nm/20120130/bs_nm/us_canon_results

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February Movies (omg!)

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Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_february_movies184151302/44357409/*http%3A//omg.yahoo.com/news/february-movies-184151302.html

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Barack Obama Brings Us Closer to the Magic Number (ContributorNetwork)

COMMENTARY | It won't be long now. We are almost at the point where more than half our population receives some kind of government handout, whether welfare, Social Security, unemployment, disability or food stamps. According to the latest census data as published on Investors.com, 49 percent of all households have at least one member who is collecting something from an entitlement.

These programs have greatly increased since Barack Obama took office all under his vision of "shared responsibility," his new campaign mantra. What he really means is taking someone else's money to give to another, more commonly known as income redistribution.

There are two reasons this is a problem. The first is that once someone begins to receive any kind of entitlement, they are reluctant to give them up. Any attempts to lower these benefits, control them or impose restrictions such as drug testing or earning them through some type of work program, will be fought by the recipients. And once they have a majority of 51 percent, they will vote any of these measures down. They will also vote for those politicians who will continue to give them entitlements and who promise to raise these benefits.

This also affects the other half of the people, as their taxes are increased to provide these others with the increased benefits, they will reach a point where they will no longer decide it is in their best interest to continue to work and will go on the public dole as well.

Which leads to the second problem: Where does the money come from? The government produces nothing. All of its money comes from the taxpayers, whether through a personal income tax, corporate taxes or sales taxes. The government does not sell anything or make anything on its own. Whenever a person decides to stop working to collect government money for not doing anything, it increases the burden on the rest. If the tax burden for businesses becomes too high, eventually the business will go out of business and will no longer contribute as well. Sooner or later the money will run out.

Then what? What will happen then? We will be at the total mercy of others. We will become a socialist or communist state where we no longer have the freedom of choice, we will be told what we can buy, where we can work and what we can do with our personal time. This is the direction Obama and the left are leading us and we are not that far away.

We can say it will never happen here and go around with our heads in the sand, but ignore it at your own peril.

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/ac/20120130/pl_ac/10905215_barack_obama_brings_us_closer_to_the_magic_number

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NFL Communications - NFL Introduces Communications System For ...

\ '); $('#wpl-mustlogin').hide().slideDown('fast'); } ); $('#wpl-mustlogin input.input').live( 'focus', function() { $(this).prev().hide(); }).live( 'blur', function() { if ( $(this).val() == '' ) $(this).prev().show(); }); $('#wpl-mustlogin input#wp-submit').live( 'click', function(e) { e.preventDefault(); $.post( 'http://nflcommunications.com/wp-admin/admin-ajax.php', { 'action': 'wpl_record_stat', 'stat_name': 'loggedout_login_submit' }, function() { $('#wpl-mustlogin form').submit(); } ); }); $('#wpl-mustlogin a#wpl-signup-link').live( 'click', function(e) { e.preventDefault(); var link = $(this).attr('href'); $.post( 'http://nflcommunications.com/wp-admin/admin-ajax.php', { 'action': 'wpl_record_stat', 'stat_name': 'loggedout_signup_click' }, function() { location.href = link; } ); }); }); /* ]]> */

Source: http://nflcommunications.com/2012/01/30/nfl-introduces-communications-system-for-super-bowl-xlvi-ticket-holders/

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Gingrich says space exploration in US tradition (AP)

STUART, Fla. ? Republican presidential contender Newt Gingrich says critics of his call to ramp up U.S. space exploration don't understand the power of science, technology and entrepreneurship to change the future.

Campaign rival Mitt Romney was referring to Gingrich earlier this week when he said that if any business executive recommended spending huge sums on colonizing the moon, he'd fire him.

But Gingrich said Abraham Lincoln recommended building a transcontinental railroad at a time necessary technology didn't exist, and a decade later the job was done. And that when President Kennedy started a program to put a man on the moon in the early 1960s the same thing happened.

Gingrich spoke on the 26th anniversary of the explosion that destroyed the space shuttle Challenger 73 seconds into flight, killing all seven aboard.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120128/ap_on_sc/us_gingrich_space

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Capturing Inner Beauty: Medical Imagery That Delves into the Aesthetic [Slide Show]

Web Exclusives | More Science

Norm Barker's photographs lie at the interface of art and science

By Rose Eveleth ?| January 28, 2012

Petri Dishes Image: Norm Barker

February's issue of Scientific American features a beautiful close-up image of a placenta taken by Norm Barker, associate professor of pathology and art as applied to medicine at the Johns Hopkins University School of Medicine. Barker specializes in photo-microscopy and natural science photography, and his work appears in the permanent collections of more than 40 museums, including the Smithsonian, the American Museum of Natural History and the Science Museum in London.

Barker's most recent book, Paleobotanical Splendor, documents fossilized plant material. His next opus?to be published later this year?explores medicine and pathology.

Here, SA showcases several more of Barker's photographs, which reveal the hidden beauty of medical implements as well as bodily organs such as muscles, brains, livers and kidneys.

? View the Medical Imagery Slide Show

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Leadership scramble: GOP rivals vie for title

Evelyn Solomon of Boca Raton, Fla., a supporter of Republican presidential candidate former House Speaker Newt Gingrich waits during a Republican Jewish Coalition rally at the South County Civic Center, Friday, Jan. 27, 2012, in Delray Beach, Fla. Romney and Gingrich square off over immigration and other issues as they look to woo Hispanics a day after a feisty, final debate before Tuesday?s Florida primary. (AP Photo/Matt Rourke)

Evelyn Solomon of Boca Raton, Fla., a supporter of Republican presidential candidate former House Speaker Newt Gingrich waits during a Republican Jewish Coalition rally at the South County Civic Center, Friday, Jan. 27, 2012, in Delray Beach, Fla. Romney and Gingrich square off over immigration and other issues as they look to woo Hispanics a day after a feisty, final debate before Tuesday?s Florida primary. (AP Photo/Matt Rourke)

Audience members cheer as Republican presidential candidate, former Massachusetts Gov. Mitt Romney, campaigns at Astrotech Space Operations in Cape Canaveral, Fla., Friday, Jan. 27, 2012. (AP Photo/Charles Dharapak)

WASHINGTON (AP) ? The Republican presidential contenders are making a pitch to voters that sounds a lot like a children's game: Follow the leader.

When Mitt Romney and Newt Gingrich aren't puffing up their own leadership credentials, they're running down the leadership skills of one another and President Barack Obama.

If anyone missed Monday's conference call from the Romney campaign about Gingrich's record as a "failed leader," not to worry. They could have tuned in to Tuesday's conference call. Or Wednesday's. Or Thursday's. Or checked out the "unreliable leader" banner splashed across a Romney news release that labeled Gingrich "unhinged." Romney's political biography, meanwhile, is all about his leadership as a businessman, Massachusetts governor and savior of the 2002 Olympic Games.

It's hard to miss Gingrich's frequent broadsides at Romney, meanwhile, for failing to provide consistent, visionary leadership. Or the former House speaker's pronouncements that he, by contrast, offers "exactly the kind of bold, tough leader the American people want." Or Gingrich's muscular descriptions of all that was accomplished in his four years as speaker in the 1990s.

Former Pennsylvania Sen. Rick Santorum, lagging them in the polls, keeps trying to muscle his way into the leader palooza by offering himself as the steady bet who can be counted on to offer more reliable conservative leadership than "erratic" Gingrich or "moderate" Romney.

In a race where all the candidates are trying to out-conservative one another, stressing leadership credentials gives the GOP rivals a way to try to distinguish themselves. And in a year when Obama's own leadership skills are seen as one of his weakest qualities, it gives the Republicans another arrow in their quiver as they argue over who would be most electable in a matchup with Obama come November.

Leadership is always a part of the equation in presidential elections. In 2008, for example, the candidates all were abuzz with claims that they offered "transformational" leadership. Obama announced he was running by declaring, "I want to transform this country."

This year, leadership is getting an extra dose of attention, perhaps because of statistics such as this: The share of Americans who view Obama as a strong leader slipped from 77 percent at the start of his presidency to 52 percent in a Pew Research Center poll released this month. And among Republicans, only about a fourth of those surveyed in the most recent poll viewed Obama as a strong leader, compared with 80 percent of Democrats.

At a campaign debate last week in Tampa, Fla., Gingrich and Romney both turned a question about electability into an answer about the L-word.

"This is going to come down a question of leadership," Romney said. Then the former Massachusetts governor recited his track record as a leader in business and government and took a dig at Gingrich for having to "resign in disgrace" when he was speaker in the 1990s.

Gingrich, answering the same question, aligned himself with the leadership record of conservative hero Ronald Reagan and offered himself as someone "prepared to be controversial when necessary" to bring about great change.

The answers offer a window into how differently the two candidates define leadership ? Romney more as a manager with business school credentials, Gingrich more as a big-thinking visionary.

The leadership argument is a particularly potent campaign weapon for Romney because a number of Republicans who served in Congress with Gingrich have been happy to describe his shortcomings in running the House.

"If you were somebody trying to serve with him, you were always sort of left standing with your hands empty in terms of moving forward with an actual plan or putting a plan to paper," Rep. Mary Bono Mack, R-Calif., said of Gingrich on a Romney campaign conference call on Thursday. "So for me, it's an example that he's just not an effective leader. I think Mitt has the temperament and the ability to lead."

Gingrich, who resigned after a spate of ethics problems and a poor showing for House Republicans in the 1998 elections, managed to turn even his resignation as speaker into evidence that he's a strong leader.

"I took responsibility for the fact that our results weren't as good as they should be," he said in the Tampa debate. "I think that's what a leader should do."

As for the turbulence of his tenure as speaker, Gingrich casts that, too, as evidence of his bold leadership.

"Look, I wish everybody had loved me, but I'd rather be effective representing the American people than be popular inside Washington," he said earlier in the campaign.

Stephen Wayne, a presidential scholar at Georgetown University, said the harsh judgment of Obama's presidential leadership by Republicans and even some Democrats in part is due to the high hopes that he raised during the 2008 campaign. Obama the president has been measured against the words of Obama the candidate ever since.

Now that it's campaign season again, says Wayne, "he's not competing against his own image, he's competing against a real life person that has frailties. ... In a sense, that lowers the bar for Obama."

___

AP Deputy Polling Director Jennifer Agiesta contributed to this report.

___

Follow Nancy Benac at http://www.twitter.com/nbenac

Associated Press

Source: http://hosted2.ap.org/apdefault/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-28-GOP-Follow%20the%20Leader/id-4296a33af707494cb8870640cc77c466

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Peter, Paul and Mary bassist Dick Kniss dies at 74

In this undated photo provided by Gloria Jean, Dick Kniss plays the acoustic bass. Kniss, who performed for five decades with Peter, Paul and Mary and co-wrote the John Denver hit "Sunshine on My Shoulders," died on Wednesday, Jan. 27, 2012 in Saugerties, N.Y. He was 74. (AP Photo/Gloria Jean) NO SALES

In this undated photo provided by Gloria Jean, Dick Kniss plays the acoustic bass. Kniss, who performed for five decades with Peter, Paul and Mary and co-wrote the John Denver hit "Sunshine on My Shoulders," died on Wednesday, Jan. 27, 2012 in Saugerties, N.Y. He was 74. (AP Photo/Gloria Jean) NO SALES

SAUGERTIES, N.Y. (AP) ? Dick Kniss, a bassist who performed for five decades with the folk trio Peter, Paul and Mary and co-wrote the John Denver hit "Sunshine on My Shoulders," has died. He was 74.

Kniss died Wednesday of pulmonary disease at a hospital near his home in the Hudson Valley town of Saugerties, his wife, Diane Kniss said.

Kniss was born in Portland, Ore., and was an original member of Denver's 1970s band. He also played with jazz greats including Herbie Hancock and Woody Herman.

Active in the 1960s civil rights movement, Kniss performed at benefits for a range of causes and played during the first celebration of Martin Luther King Jr.'s birthday as a national holiday.

Peter, Paul and Mary's Peter Yarrow said in a statement that Kniss was "our intrepid bass player for almost as long as we performed together.

"He was a dear and beloved part of our closest family circle and his bass playing was always a great fourth voice in our music as well as, conceptually, an original and delightfully surprising new statement added to our vocal arrangements," Yarrow said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-01-27-Obit-Kniss/id-797cfe96f5d842a8adac0acbddc042d0

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AP Interview: Wikipedia founder hails role in US

Jimmy Wales, founder of Wikipedia gestures during an interview with the Associated Press at the World Economic Forum, WEF, in Davos, Thursday, Jan. 26, 2012. Wales is fighting to stop a recent US plan to tighten anti-piracy laws and his vision for the open-source online encyclopedia. (AP Photo/Anja Niedringhaus)

Jimmy Wales, founder of Wikipedia gestures during an interview with the Associated Press at the World Economic Forum, WEF, in Davos, Thursday, Jan. 26, 2012. Wales is fighting to stop a recent US plan to tighten anti-piracy laws and his vision for the open-source online encyclopedia. (AP Photo/Anja Niedringhaus)

Jimmy Wales, founder of Wikipedia gestures during an interview with the Associated Press at the World Economic Forum, WEF, in Davos, Thursday, Jan. 26, 2012. Wales is fighting to stop a recent US plan to tighten anti-piracy laws and his vision for the open-source online encyclopedia. (AP Photo/Anja Niedringhaus)

DAVOS, Switzerland (AP) ? The founder of Wikipedia hailed the online encyclopedia's role in helping halt U.S. legislation aimed at cracking down on Internet piracy, saying the proposed bills needed to be stopped because they were flawed.

The idea to black out Wikipedia's English pages for 24 hours came from the site's volunteer editors, who voted overwhelmingly in favor of the move.

Wikipedia was among a number of sites that argued the Stop Online Piracy Act and the Protect Intellectual Property Act would hurt technological innovation and infringe on free-speech rights. But the protest by Wikipedia, which has 470 million visitors each month, was the most high-profile stunt last week before Congress postponed the legislation indefinitely.

"Ordinary users of the Internet who really use it for doing their own creative work and sharing it with others, really believe very strongly in the importance of Net freedom," Wikipedia's Jimmy Wales told The Associated Press in an interview Thursday.

The bills, he said, were "very badly designed, technologically incompetent, and just something that we felt needed to be stopped."

Wales said campaigners against the bills were told that with bipartisan support and strong lobbying by the movie and music industries, ? who claim U.S. companies lose billions of dollars to piracy every year ? meant the legislation would almost certainly pass.

"I just thought: 'You know, I don't think that's true, I think we can do something about it.' So we did. And it worked," he said.

Some of Wikipedia's editors criticized the decision to take a political stance, saying it might hurt the site's credibility as an impartial source of information.

But Wales said that most of those involved with Wikipedia had been supportive.

"The drive to do this came from our community," he said. "A very long discussion and debate ensued that culminated in a vote that was overwhelmingly in favor."

Wales spoke during a visit to the World Economic Forum in Davos, Switzerland, where business and political leaders are meeting this week to discuss the state of the world. The Wikipedia founder has been a regular visitor in recent years along with a handful of artists, activists and innovators who are allowed to join the annual event in the Swiss Alps.

With Wikipedia's influence as a repository of facts continuing to grow, some big corporations have been tempted to edit their own entries in the online encyclopedia to remove unflattering information.

The worldwide CEO of public relations firm Burson-Marsteller, Mark Penn, told the AP earlier this week that companies "have to be vigilant for wildly inaccurate information."

Wales cautioned corporations against attempting to do any editing themselves.

"Never edit the entry about your company," he said, noting that Wikipedia has put in place a system for alerting its volunteers to inaccurate information. "If you're a PR firm, never edit an entry about one of your clients. Instead approach the community transparently."

Wikipedia is in the process of making changes to its site to encourage more people without computer coding skills to edit its pages, said Wales.

"We think (this) is going to bring in a whole new category of editors who are geeks, but not computer geeks, which we think is very important," he said. "Two years from now for sure you'll have a very different environment."

Wikipedia and its commercial sister-site Wikia are also investing in technology to make them easier to use on mobile devices.

Wales said the sites are becoming increasingly popular as a means of looking up quick facts while watching TV or playing video games ? a phenomenon known as 'second screen' use.

"Something like 'Lost' with a huge ensemble cast, a lot of subplots, a lot of symbolism and arcane bits of knowledge in the show. It's a really perfect companion for a wiki," he said. "What we've found is that maybe people are watching TV but they're reading about the show and looking up information as they watch it."

___

Frank Jordans can be reached on Twitter at http://www.twitter.com/wirereporter

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2012-01-26-Davos%20Forum-Wikipedia/id-eb33a8d397524adcbb6ef8a40077dc6b

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States with the most, and least, credit card debt

AFP - Getty Images

Experts disagree on whether rising credit card debt is a good or bad indicator for a state's economy.

By Charles B. Stockdale, 24/7 Wall St.

Americans cut down their credit card debt by 11 percent last year, compared to 2010, according to a new report by Credit Karma. 24/7 Wall St. looked at the average credit card debt owed by the residents of each state to determine the five states with the most and the least debt as of December 2011.

Credit card debt is a measure of the economy, and some analysts are suggesting that the decrease in the debt is a positive sign. But not all agree. Ken Lin, CEO of Credit Karma, told CNNMoney that the drop in debt is the result of weak consumer confidence, resulting in slower spending, tighter lending on the part of banks and lower credit limits.

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One of the driving factors for states whose residents owe the most in credit card debt is that they are wealthy states. Nine out of the 10 states with the most in credit card debt have among the highest median household incomes. Alternatively, six of the 10 states with the smallest amounts of credit card debt have among the lowest median incomes.

Other than high median income, many high-debt states also have high costs of living relative to other states. Seven of the 10 with the highest rates of debt are within the 15 states with the highest costs of living. When people must pay more for consumer goods, they often end up with larger amounts of debt. The opposite case is also true. States whose residents pay less for goods have less debt. Four of the 10 states with the lowest amounts of debt are within the 15 states with the lowest costs of living in the country.

Corresponding with wealth, many of the states with high levels of debt have above-average credit scores. In fact, six of the 10 states with the most debt are among the 15 states with the highest average credit scores. Six of the 10 with the least debt are among the 15 states with the lowest credit scores.

States with the least credit card debt

5. Louisiana

• ?Credit card debt: $5,856
• ?Median household income: $42,505 (10th lowest)
• ?Average credit score: 635 (3rd lowest)
• ?Cost of living: 20th lowest

Louisiana is a relatively poor state, with the 10th-lowest median household income in the country. The low income keeps spending levels low too. The average credit card debt among Louisiana residents is the fifth-lowest in the country. This does not prevent state residents from having financial troubles?? their average credit score of 635 is the third worst in the country. Two Louisiana cities? ? Shreveport and Monroe? ? were recently included in a list of the largest U.S. cities with the lowest credit scores in the country.

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4. Utah

• ?Credit card debt: $5,816
• ?Median household income: $54,744 (13th highest)
• ?Average credit score: 673 (5th highest)
• ?Cost of living: 5th lowest

Utah is relatively wealthy, with a median household income of nearly $55,000. Despite this, the cost of living in the state is the fifth-lowest in the country. With high incomes and a low cost of living, Utahns maintain conservative personal debt, illustrated by their fifth-highest average credit score.

3. Alabama

• ?Credit card debt: $5,770
• ?Median household income: $40,474 (5th lowest)
• ?Average credit score: 637 (5th lowest)
• ?Cost of living: 12th lowest

Alabama is another poor southern state. Each household makes approximately $40,500 ? the fifth-lowest median income in the country. A relatively low cost of living may have contributed to Alabama residents having one of the lowest levels of credit card debt in the country, but it did not help their credit scores. Alabama has one of the lowest average credit score in the country. Alabama was named by?U.S. News?as one of the most frugal states in the country.

2. Mississippi

• ?Credit card debt: $5,276
• ?Median household income: $36,851 (the lowest)
• ?Average credit score: 652 (18th highest)
• ?Cost of living: 10th lowest

Mississippi residents have the second-lowest amount of credit card debt in the country. They also have the lowest median household income, at $36,851. On top of this, the cost of living in the state is the 10th lowest. Unlike Alabama, however, residents manage to maintain relatively high credit scores ? the state average is the nation?s 18th highest. Mississippi also was named as one of the most frugal states by?U.S. News.

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1. Wisconsin

• ?Credit card debt: $5,062
• ?Median household income: $49,001 (22nd highest)
• ?Average credit score: 662 (14th highest)
• ?Cost of living: 25th lowest

Wisconsin has the lowest average credit card debt in the country. This appears to be the result of frugality. The state has a higher median household income than many other states with low average credit card debts. The low level of credit card debt in the state cannot be simply explained by a low cost of living as it is not especially low in the state. The fiscal responsibility of Wisconsinites is fairly high, demonstrated by their average credit score, which is the country?s 14th highest.

States with the most credit card debt

5. Colorado

• ?Credit card debt: $7,533
• ?Median household income: $54,046 (15th highest)
• ?Average credit score: 669 (11th highest)
• ?Cost of living: 19th highest

Colorado is not quite as wealthy as the other states with the highest average credit card debt. But it still has the 15th-highest median household income in the country. The cost of living in the state is comparable to the state?s median income. Despite the high level of debt, residents are generally living within their means, as exemplified by the state?s high average credit score.

4. New Jersey

• ?Credit card debt: $7,608
• ?Median household income: $67,681 (2nd highest)
• ?Average credit score: 679 (the highest)
• ?Cost of living: 6th highest

New Jersey has the sixth-highest cost of living in the country. Residents, though, have the money to spend and accumulate debt. With a median household income that is the second-highest in the country, it is not surprising that residents have racked up such a high average credit card debt. Despite the high debt levels, however, personal finances are managed well the average credit score for New Jersey is the highest among all states.

3. Connecticut

• ?Credit card debt: $7,730
• ?Median household income: $64,032 (4th highest)
• ?Average credit score: 672 (9th highest)
• ?Cost of living: 4th highest

Connecticut is often recognized as one of the country?s wealthiest states. This is a well-earned reputation. The state has the fourth-highest median household income. The cost of living is also higher than that in all but three states. Residents, therefore, spend more than those in most other states. Average credit card debt is the third highest in the country, but not surprising, their credit scores are also high.

2. New Hampshire

• ?Credit card debt: $7,748
• ?Median household income: $61,042 (7th highest)
• ?Average credit score: 659 (19th highest)
• ?Cost of living: 10th highest

New Hampshire is another New England state with a high median household income and a high cost of living. Its median income is the seventh-highest in the country and cost of living is the 10th-highest. Residents of the ?Live Free or Die? state use this affluence to manage the high costs, racking up the second highest rate of credit card debt.

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1. Alaska

• ?Credit card debt: $7,937
• ?Median household income: $64,576 (3rd highest)
• ?Average credit score: 659 (21st highest)
• ?Cost of living: 2nd highest

Alaska is the third wealthiest state in the country by median household income. It is also the second most expensive state, due in large part to its distance from the continental U.S. Residents of the state had nearly $8,000 in average credit card debt as of December 2011. The average credit score in the state is not among the highest, but it is not exceptionally low either.

Source: http://bottomline.msnbc.msn.com/_news/2012/01/19/10191533-plastic-fanatics-states-with-the-most-and-least-credit-card-debt

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Soldiers overthrow Papua New Guinea defense chief (AP)

PORT MORESBY, Papua New Guinea ? Rebel soldiers have staged an apparently bloodless mutiny in the Papua New Guinea capital on Thursday and installed a new military leader, a news agency and Australian officials reported.

The new crisis comes during a turbulent period in the South Pacific's most populous island nation, where two political leaders claim to be the rightful prime minister. Australian Broadcasting Corp. reported that the rebel troops are loyal to ousted prime minister Sir Michael Somare, but it is unclear whether the mutiny amounts to an attempted coup.

Between 12 and 20 soldiers overpowered guards at the Taurama Barracks in Port Moresby before dawn, ABC reported, citing an unnamed senior source in the Papua New Guinea defense force.

The rebel soldiers then moved to the military headquarters at Murray Barracks and placed the head of the Papua New Guinea Defense Force, Brigadier General Francis Agwi, under house arrest.

Papua New Guinea's former defense attache to Indonesia, Colonel Safa, has declared himself defense chief, ABC reported. There have been no reports of bloodshed.

Australia's Department of Foreign Affairs and Trade, which has the largest diplomatic mission of any country in Port Moresby, confirmed that the defense chief had been overthrown.

"We are concerned about these developments overnight in Port Moresby," the department said in a statement, without detailing those developments.

"We urge that the situation be resolved as soon as possible, and that the PNGDF chain of command is restored," it added.

New Guinea's Prime Minister Peter O'Neill had told Australia ? Papua New Guinea's former colonial master and main provider of foreign aid ? that "authorities were taking steps to manage the situation," the department said.

O'Neill had yet to publicly comment on the situation, his office told The Associated Press.

A reporter at the Papua New Guinea's leading Post-Courier newspaper told the AP that the newspaper is still trying to figure out exactly what has taken place.

There has been a power struggle going on for months in Papua New Guinea between Somare and O'Neill.

Last month, the country's Supreme Court and Governor-General Sir Michael Ogio backed Somare, who the court ruled was illegally removed as prime minister while getting medical treatment outside the country.

But Ogio changed his mind days later, saying bad legal advice had led him to incorrectly reinstate Somare as prime minister.

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_re_as/as_papua_new_guinea_mutiny

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Netflix Decides to Ditch Video Game Rentals [NetFlix]

Oh come on! The best part about the mess that was Qwikster was the possibility of renting games from Netflix. Now they take that away from us too? That new season of Arrested Development better be amazing. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/GYuWqa5tWBE/netflix-decides-to-ditch-video-game-rentals

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Dow approaches highest level since 2008 crisis (AP)

The Dow Jones industrial average was trading near its highest close since the 2008 financial crisis Thursday afternoon after solid news on factory orders and strong earnings from U.S. manufacturers highlighted the economy's growing momentum.

Broader market indexes edged lower, though they are also sharply higher this year. Traders appear less afraid of spillover damage from the European debt crisis, and data on jobs and manufacturing have been consistently strong.

"With global risk off center stage and attention going back to the fundamentals, this market was ready to explode, which is exactly what it is doing," said Doug Cote, chief market strategist with ING Investment Management.

Before the market opened, the government reported that unemployment claims rose only modestly last week after a steep decline the week before. The long-term trend still indicates an improving job market.

Orders to factories for long-lasting manufactured goods increased in December for the second straight month, and a key measure of business investment rose solidly.

That strong demand was apparent in quarterly earnings reports from U.S. manufacturers. 3M stock rose 1.1 percent after its fourth-quarter profit beat Wall Street's estimates.

Caterpillar, the world's biggest heavy equipment maker, soared 3 percent, the most of the 30 companies in the Dow, after beating analysts' estimates last quarter. The company expects to do the same this year as global demand remains high.

The Dow Jones industrial average was up 14 points, or 0.1 percent, at 12,771 shortly after noon. 3M and Caterpillar led the gains.

The Dow is within reach of its post-financial crisis high of 12,810, reached in April 2011. The last time it closed higher than that was on May 20, 2008, when it settled at 12,826. The Dow's post-crisis high during the trading day was 12,928, reached in May 2011.

The Dow is up nearly 5 percent so far this year. The S&P 500 and Nasdaq have gained even more.

The Dow would need to rise another 11 percent to get to its record high close of 14,164, reached on Oct. 9, 2007.

The Standard & Poor's 500 index fell three points to 1,322. It was dragged lower by volatile financial companies and telecommunications firms. The Nasdaq composite index shed seven points to 2,811.

AT&T fell 2 percent, by far the most of the 30 companies in the Dow, after its earnings missed Wall Street's forecasts. The company remains heavily dependent on the Apple iPhone, which it pays to subsidize, but recently lost its exclusive rights to sell the phone in the U.S.

Stocks had their highest close in eight months Wednesday after the Federal Reserve said it plans to keep interest rates extremely low until late 2014 to encourage lending and investment and support the economic recovery.

The announcement lifted investments across many markets and continents. Bond prices rose in the U.S. and Europe. So did commodities, the euro, emerging market currencies and European stocks.

The yield on the 10-year Treasury note fell to 1.95 percent from 1.99 percent late Wednesday. The prospect of more bond-buying by the Fed helped make Treasurys more attractive. A bond's yield falls as demand for it increases.

A strong bond auction by Italy also brightened Europe's outlook, signaling to investors that lenders believe Italy will not be dragged into the debt crisis. And Greece resumed talks with its lenders over writing off some of its crushing debt.

Benchmark indexes in France, England, Germany and Italy closed up 1 to 2 percent.

Among the other U.S. companies making big moves after reporting quarterly earnings:

? Time Warner Cable Inc. rose 7 percent after the company reported earnings that were far above analysts' estimates. The national cable TV provider also raised its dividend 17 percent to 56 cents per share and announced plans to buy back more of its own stock.

? United Continental Holdings, the parent company of United and Continental airlines, surged 7.4 percent. The company's fourth-quarter loss narrowed, its adjusted earnings were more than double what analysts had expected and the cost of integrating the two companies fell.

? Netflix soared 21.5 percent, the most of any stock in the S&P 500, after the video streaming and DVD-by-mail company reported a huge gain in customers and a bigger fourth-quarter profit than analysts had expected.

? Colgate-Palmolive rose 1.3 percent after saying it will raise prices in the U.S. for the first time in years to cover higher costs for materials. The company's profit declined last quarter, but core sales in emerging markets were much stronger.

___

Follow Daniel Wagner at http://www.twitter.com/wagnerreports.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_st_ma_re/us_wall_street

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Genes influence criminal behavior, research suggests

ScienceDaily (Jan. 25, 2012) ? Your genes could be a strong predictor of whether you stray into a life of crime, according to a research paper co-written by UT Dallas criminologist Dr. J.C. Barnes.

The study's findings were detailed in a recent issue of Criminology. The paper was written with Dr. Kevin M. Beaver from Florida State University and Dr. Brian B. Boutwell at Sam Houston State University.

The study focused on whether genes are likely to cause a person to become a life-course persistent offender, which is characterized by antisocial behavior during childhood that can later progress to violent or serious criminal acts later in life.

The framework for the research was based on the developmental taxonomy of anti-social behavior, a theory derived by Dr. Terri Moffitt, who identified three groups, or pathways, found in the population: life-course persistent offenders, adolescent-limited offenders and abstainers. Moffitt suggested that environmental, biological and, perhaps, genetic factors could cause a person to fall into one of the paths.

"That was the motivation for this paper. No one had actually considered the possibility that genetic factors could be a strong predictor of which path you end up on," said Barnes, who is an assistant professor of criminology in the School of Economic, Political and Policy Sciences at UT Dallas. "In her (Moffitt's) theory, she seems to highlight and suggest that genetic factors will play a larger role for the life-course persistent offender pathway as compared to the adolescence-limited pathway."

Adolescent-limited offenders exhibit behaviors such as alcohol and drug use and minor property crime during adolescence. Abstainers represent a smaller number of people who don't engage in any deviant behavior.

Barnes and his co-researchers relied on data from 4,000 people drawn from the National Longitudinal Study of Adolescent Health to identify how people fell into each of the three groups. The researchers then compared the information using what is known as the twin methodology, a study design that analyzed to what extent genetic and environmental factors influenced a trait.

"The overarching conclusions were that genetic influences in life-course persistent offending were larger than environmental influences," he said. "For abstainers, it was roughly an equal split: genetic factors played a large role and so too did the environment. For adolescent-limited offenders, the environment appeared to be most important."

The analysis doesn't identify the specific genes that underlie the different pathways, which Barnes said would be an interesting area for further research.

"If we're showing that genes have an overwhelming influence on who gets put onto the life-course persistent pathway, then that would suggest we need to know which genes are involved and at the same time, how they're interacting with the environment so we can tailor interventions," he said.

Barnes said there is no gene for criminal behavior. He said crime is a learned behavior.

"But there are likely to be hundreds, if not thousands, of genes that will incrementally increase your likelihood of being involved in a crime even if it only ratchets that probability by 1 percent," he said. "It still is a genetic effect. And it's still important."

The link between genes and crime is a divisive issue in the criminology discipline, which has primarily focused on environmental and social factors that cause or influence deviant behavior.

"Honestly, I hope people when they read this, take issue and start to debate it and raise criticisms because that means people are considering it and people are thinking about it," Barnes said.

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Story Source:

The above story is reprinted from materials provided by University of Texas at Dallas.

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

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Journal Reference:

1. J.C. Barnes, Kevin M. Beaver, Brian B. Boutwell. Examining the Genetic Underpinnings to Moffitt's Developmental Taxonomy: A Behavior Genetic Analysis. Criminology, 2011; 49 (4): 923 DOI: 10.1111/j.1745-9125.2011.00243.x

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://www.sciencedaily.com/releases/2012/01/120125151841.htm

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Obama: US must reclaim values of fairness for all (AP)

WASHINGTON ? Keeping the American dream alive has become "the defining issue of our time," President Barack Obama says. He's using Tuesday night's State of the Union address to draw a stark election-year line with Republicans over how to keep the United States from eroding further into a nation of haves and have-nots.

In excerpts of his speech released in advance, Obama attacked income equality and offered his own economic revival plan built upon boosting manufacturing, energy and education. He warned Republicans in Congress that he will fight them if they try to obstruct him or restore an economy gutted by "outsourcing, bad debt and phony financial profits."

Driving everything about the speech: Jobs, including Obama's own. He was essentially making his case for re-election as he spelled out where he wants to take the country.

Obama was making his pitch 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.

"No debate is more important," Obama said in the excerpts released by the White House ahead of the 9 p.m. EST speech.

"We can either settle for a country where a shrinking number of people do really well while a growing number barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share and everyone plays by the same set of rules," the president said.

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

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Steven Tyler screeches the National Anthem (Reuters)

LOS ANGELES (TheWrap.com) ? Here's the big question, of course: Would "American Idol" judge Steven Tyler have gotten through to the next round?

Judging by the audience reaction that could be heard during his performance of "The Star Spangled Banner" before Sunday's AFC Championship game -- were those really boos for the Aerosmith legend? -- maybe not.

Tyler's rendition was off-key in places, screechy in most others and he messed up a lyric -- it's "the bombs bursting in air," not "as bomb bursting in air." Though he does get rock star fashion points for the festive scarf he was sporting to support his team, the AFC champion New England Patriots.

You can check out video of the performance at the link below and decide: would you give Tyler a golden ticket to Hollywood based on his national anthem performance?

http://www.thewrap.com/media/article/steven-tyler-screeches-national-anthem-video-34672

(Editing by Chris Michaud)

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/nm/20120123/tv_nm/us_steventyler

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Jay Leno's Mitt Romney joke incenses India's Sikhs (AP)

NEW DELHI ? India's Sikh community isn't finding Jay Leno so funny.

Members of the religious group said they were outraged when the "Tonight Show" host showed a photo of a glittering gold building and claimed it was Republican Mitt Romney's summer home.

It was meant to be a joke about the Republican presidential candidate's wealth. But the building in the photograph is the Golden Temple, the holiest site in the Sikh religion.

Dalbeg Singh, a top Sikh leader, said Tuesday that community leaders would seek an apology from Leno.

India's foreign minister says the government would take the issue up with U.S. authorities.

Source: http://us.rd.yahoo.com/dailynews/rss/tv/*http%3A//news.yahoo.com/s/ap/20120124/ap_en_tv/as_india_leno

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Taliban video highlights revenge on Pakistan military (Reuters)

DERA ISMAIL KHAN, Pakistan (Reuters) ? Fifteen Pakistani soldiers stood blindfolded, handcuffed to each other on a barren hilltop as one of their bearded Taliban captors held an AK-47 rifle and spoke with fury about revenge.

He left no doubt what would come at any second.

Pakistan's Taliban abducted the paramilitary troops on December 23 from near the country's lawless tribal areas to avenge military operations.

Now they have released a video as a warning to Pakistan's 600,000-member army, which has failed to break the back of the insurgents despite superior firepower and a series of offensives against their strongholds in forbidding mountain regions.

"Twelve of our comrades were besieged and mercilessly martyred in the Khyber Agency (area)," said the militant.

"Our pious women were also targeted. To avenge those comrades, we will kill these men. We warn the government of Pakistan that if the killing of our friends is not halted, this will be the fate of you all."

Before death, one of the men described how dozens of Taliban fighters stormed their fort in the northwestern Tank district and kidnapped the soldiers.

"They attacked us with rockets, killed a sentry. One ran away. The Taliban entered the fort and captured us with our weapons," he said, sitting in rows with other soldiers with their arms folded and legs crossed in front of Taliban banners.

"They tied our hands, put us in a Datsun and took us away."

The video then shows the men standing quietly. Taliban chanting can be heard. "We will cross all limits to avenge your blood," it said, referring to fighters killed by Pakistani security forces.

One of the men shoves a clip into his assault rifle and fires a few rounds into the back of the heads of a few of the soldiers. "God is greatest," the Taliban yell.

Other fighters step up and take turns pumping bullets into the men, some wearing green military uniforms. Each time a soldier collapses, the man standing next to him is pulled in that direction by the handcuffs.

The Taliban and Pakistan's military, one of the largest in the world, have entered exploratory peace talks that raised hopes that their conflict, which has killed thousands of people, could ease, or even end one day.

But the talks have faltered, a senior Pakistani security official told Reuters, and the video -- copied to compact discs and distributed in street markets in areas near the porous border with Afghanistan -- is likely to enrage the army.

Formed in 2007, the TTP is an umbrella group of Pakistani militant factions operating in Pakistan's tribal areas.

Allied with the Afghan Taliban and al Qaeda, it pledged to overthrow the Pakistani government after the military started operations against militant groups.

It is blamed for many of the suicide bombings across the country and has carried out audacious attacks, including one on army headquarters near the capital Islamabad in 2009.

After the shooting ends in the video, the Taliban militants stare at the bodies slumped over on the earth.

"If the killing of our friends is not stopped, this will be the fate of all infidel armies, God willing," says one militant.

Majeed Marwat, a commander of the Frontier Corps said morale among his men would always remain high despite such videos.

"Our soldiers enlist because they want to sacrifice for the country. We are taking care of the families of the martyred soldiers," he told Reuters. (Writing by Michael Georgy; Editing by Doina Chiacu)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20120121/wl_nm/us_pakistan_military_video

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Physicists use ion beams to detect art forgery

Saturday, January 21, 2012

University of Notre Dame nuclear physicists Philippe Collon and Michael Wiescher are using accelerated ion beams to pinpoint the age and origin of material used in pottery, painting, metalwork and other art. The results of their tests can serve as powerful forensic tools to reveal counterfeit art work, without the destruction of any sample as required in some chemical analysis.

Their research is featured on the front cover of the current issue of Physics Today in an article titled, "Accelerated ion beams for art forensics." Wiescher and Collon say, "Art experts play an important role in identifying the style, history and context of a painting, but a solid scientific basis for the proper identification and classification of a piece of art must rely on information from other sources.

"A host of approaches with origins in biology, chemistry and physics have allowed scientists and art historians not only to look below a painting's or artifact's surface, but also to analyze in detail the pigments used, investigate painting techniques and modifications done by the artist or art restorers, find trace materials that reveal ages and provenances, and more," Wiescher and Collon continue.

The information that is revealed can shed light on trading patterns, economic conditions and other details of history. For example, the amount of silver in Roman coins can indicate the degree of inflation in the ancient economy.

Laboratories in Europe, including several in Italy and one in the basement of the Louvre in Paris, have accelerators dedicated to the forensic analysis of art, and archaeological artifacts. These accelerator-based techniques have allowed not only to analyze the works themselves, but also to determine origin, trade and migration routes as well as dietary information. As an example, the analysis of the ruby eyes in a Babylonian statue of the goddess Ishtar using the Louvre's accelerator showed that the rubies came from a mine in Vietnam, demonstrating that trade occurred between those far-apart regions some 4,000 years ago.

At Notre Dame, researchers are using proton-induced x-ray emission (PIXE) and Accelerator Mass Spectroscopy (AMS) to study artifacts brought by local archeologists, Native American cultures in the American Southwest and the Snite Museum of Art extensive collection of Mezzo-American figurines.

Wiescher, the Frank M. Freimann Professor of Physics, and Collon, associate professor of physics, are using their findings to teach undergraduates. Wiescher initially developed the undergraduate physics class called Physical Methods in Art and Archaeology, and now Collon teaches the class which attracts students from nearly every major. The course covers topics such as X-ray fluorescence and X-ray absorption, proton-induced X-ray emission, neutron-induced activation analysis, radiocarbon dating, accelerator mass spectroscopy, luminescence dating, and methods of archeometry.

###

University of Notre Dame: http://www.nd.edu

Thanks to University of Notre Dame 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/116915/Physicists_use_ion_beams_to_detect_art_forgery

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Swiss econony minister sees franc weakening midterm: paper (Reuters)

ZURICH (Reuters) ? Switzerland's economy minister Johann Schneider-Ammann expects the Swiss franc to weaken to about 1.40 francs per euro in the medium term, he told a Swiss newspaper on Sunday.

"My minimum expectation is that the Swiss National Bank keeps the lower boundary of 1.20 (francs per euro)," he told SonntagsZeitung. "In the midterm I expect purchasing parity to be reestablished. It lies at about 1.40 francs per euro."

The SNB set a cap at 1.20 francs per euro on September 6 to put a halt to the appreciation of the Swiss currency that threatened to tip the Alpine country into recession.

"The risk of a deindustrialization is still there at 1.20. Smaller and midsized companies cannot invest or replace staff," Schneider-Ammann said in the interview.

The franc has been trading in a range of 1.20-1.25 francs per euro since the SNB set its cap. It has gained ground towards the cap since central bank ex-Chairman Philipp Hildebrand stepped down in the wake of a scandal at the beginning of the month.

"The franc's strength has nothing to do with Mr Hildebrand's resignation. It is rather the downgrades by rating agencies that have led to uncertainty, pushing many towards the Swiss franc."

Schneider-Ammann stressed the SNB was independent and remained capable of acting despite the recent crisis.

Swiss industry representatives have repeatedly called for a shift in the euro-franc floor to 1.30 or even 1.40 but Hans Hess, president of industry lobby Swissmem, told SonntagsZeitung in a separate article this scenario was less likely at present.

"The risk of not being able to maintain an exchange rate of 1.30 francs per euro is much bigger than the risk of failing at 1.20," he said, adding that a shift would also mean acknowledging that the September move was not sufficient.

"That would harm the SNB's credibility in international markets that would certainly massively test this new floor."

Gerold Buehrer, head of business lobby economiesuisse who had called for a shift in the cap in the past, said: "The SNB has to defend the rate of 1.20 at all costs, a shift to 1.30 would be difficult given the unsolved euro zone debt crisis."

Only Swiss trade unions continue to plead for a shift in the franc cap, SonntagsZeitung reported.

(Reporting by Silke Koltrowitz; Editing by Hans-Juergen Peters)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120122/bs_nm/us_swiss_econ_min

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[OOC] Tropical Nightmare

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Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.

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Raspberry Pi demos Model B computer's AirPlay capabilities (video)

Just a few days after announcing that production of its Model B Linux computer is underway, Raspberry Pi has now unveiled a preview of what its single board device can do when combined with AirPlay. In a video published this week, a Raspberry Pi developer demonstrated how to stream content from an iPad to the ARM-based Model B, using only an HDMI-equipped TV and an AirPlay app. It's as seamless as dancing cows are beautiful. Still no word yet on when this $35 will begin shipping, but in the meantime, be sure to check out the demo video, after the break.

Continue reading Raspberry Pi demos Model B computer's AirPlay capabilities (video)

Raspberry Pi demos Model B computer's AirPlay capabilities (video) originally appeared on Engadget on Fri, 20 Jan 2012 06:40:00 EDT. Please see our terms for use of feeds.

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