Wednesday, January 11, 2012

IMF head says Hungary cental bank bill is key issue: CNN (Reuters)

BUDAPEST (Reuters) ? Hungary's legislation on its central bank will be a key issue at the country's talks next week with the International Monetary Fund, the Fund's Managing Director Christine Lagarde said.

A new bill affecting the Hungarian central bank has been criticized by the European Union and the European Central Bank for possibly hurting the bank's independence.

The bill adds two members to the seven-seat central bank monetary council, including a new deputy governor.

Lagarde said in an interview published on CNN's website at the weekend that she was looking forward to meeting Hungarian officials who will arrive at the IMF in the coming days.

"We are obviously very concerned that whatever Hungarian legislation is voted by the Hungarian authorities is in compliance with the European requirements," she added.

"We are looking into it, I know that the European Commission is looking into it, and I certainly hope that the Hungarian authorities will be very keen to have their legislation in compliance with European regulation as well, particularly when it concerns the independence of their central bank," she said.

The debt rating of EU member Hungary was cut to BB+ by Fitch on Friday, the third downgrade to "junk" by international rating agencies since November.

The country will have to roll over debt worth 3.95 trillion forints ($3.82 billion) this year.

A financial backstop from the IMF and the European Union could help the forint and Hungarian government bonds recover from sharp falls suffered in the past weeks, which also spilled over into other markets in Central Europe.

The market falls forced the government to pledge flexibility at the upcoming credit talks.

But investors fear that the country is still unwilling to give up some of its unorthodox policy measures criticized by the rating agencies and the European Union, including the bill passed late last month which the EU has said could threaten central bank independence.

Earlier informal talks with the IMF and the EU were cut short late last year.

A Hungarian government delegation is expected to meet IMF officials on Wednesday to discuss possible future debt talks.

When asked whether the IMF would be willing to compromise or whether the central bank independence issue was particularly critical, Lagarde said:

"We are not complacent, we don't compromise but equally we never leave the table." ($1 = 248.9775 Hungarian forints)

(Reporting by Sandor Peto. Editing by Jane Merriman)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20120108/bs_nm/us_hungary_imf

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Monday, January 9, 2012

NKorean TV shows young Kim threatening war in 2009 (AP)

SEOUL, South Korea ? North Korea's new leader vowed in 2009 to wage war if the country's enemies shot down its long-range rocket, footage aired on state television showed Sunday in the first official word of his role in military operations before his father's death.

The documentary is the second in a week seeking to highlight Kim Jong Un's experience in leading North Korea's 1.2 million-strong military and was aimed at showing that he was in charge of the armed forces long before his father, former leader Kim Jong Il, died of a heart attack last month.

The son, who is in his late 20s, has moved swiftly into the role of "supreme leader" of the people, the ruling Workers' Party and the military despite questions abroad about how easily he could assume power with only a few years of grooming behind him. Kim Jong Il, in contrast, had 20 years of training when his father, North Korea founder Kim Il Sung, died of a heart attack in 1994.

Where a North Korea under Kim Jong Un is headed is deemed crucial because the country is locked in a long-running standoff over its nuclear ambitions and is grappling with chronic food shortages. North Korea has tested two atomic devices and is believed to be working toward mounting a bomb on a missile capable of reaching the U.S.

After years of acrimony, Pyongyang and Washington had begun discussions about food aid and how to restart nuclear disarmament talks that were suspended when Kim died last month. The U.S. and North Korea fought on opposite sides of the 1950-53 Korean War, and do not have formal diplomatic relations.

Sunday's footage ? shown on a day believed to be Kim Jong Un's birthday ? confirmed that he was being groomed as early as 2009 to succeed Kim Jong Il. The choice of Kim Jong Un as successor among the elder Kim's three known sons was not revealed publicly until state media reported in September 2010 that he had been made a four-star general and a vice chairman of the Central Military Commission of the Workers' Party.

The video showed Kim Jong Un shaking hands with officials at a satellite control center after scientists launched a rocket in April 2009 that stoked regional tensions and earned North Korea international sanctions and condemnation.

"I had decided to wage a real war if the enemies shot down" the rocket, Kim Jong Un was quoted as saying. A voice-over described Kim Jong Il as saying his son was in charge of the military's anti-rocket interception operations at the time.

North Korea has said it successfully sent a satellite into orbit as part of a peaceful bid to develop its space program. U.S. and South Korean officials, however, said no satellite or other object reached orbit, and accused the North of using the launch to test its long-range missile technology.

At the time, Japan had threatened to shoot down any debris from the rocket if the launch went awry. U.S. lawmakers also urged their military to shoot the rocket down.

The video also showed Kim Jong Un navigating a tank, observing fighter jets and firing exercises, and posing for photographs with soldiers. He is shown seated in the tank's cockpit and speaking to officers with the hatch cover open. He later drove it on a snow-covered road as his father watched from a reviewing stand.

Both father and son wore heavy winter parkas. State TV did not say when the video was taken.

For two years, North Koreans were told that Kim Jong Un, who graduated from Kim Il Sung Military University, was a military genius, Pyongyang residents have told The Associated Press.

Sunday's documentary said Kim Jong Un had intensified military training, and showed fighter jets tearing through the skies, and soldiers jumping out of planes with parachutes and firing multiple-rocket launchers.

It cited Kim Jong Il as saying, "Our general resembles me. ... I sometimes admire his strong belief, resolve and gut."

Kim is also quoted as saying his son has "outstanding (military) strategies and is well-versed in military tactics. ... He is a man of many abilities and the genius among the geniuses."

Another documentary aired a week ago showed Kim Jong Un visiting a premier tank division with strong historical and family ties in the first solo inspection trip made after his father's death.

Since Kim Jong Il's death on Dec. 17, the process to install his son as leader has been quick, with top military and party officials wasting no time in pledging their loyalty to the third Kim to lead the nation of 24 million since it was founded in 1948.

Kim Jong Un, who was recently named supreme commander of the Korean People's Army, has pledged to uphold Kim Jong Il's "military first" policy.

He is believed to have turned 28 or 29 on Sunday, though his exact birth date has not been confirmed by the government. The birthdays of his father and grandfather are considered the nation's most important holidays, but Kim Jong Un's birthday has not been declared a national holiday.

___

AP Korea bureau chief Jean H. Lee contributed to this report. Follow her at twitter.com/newsjean.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120108/ap_on_re_as/as_nkorea_kim_jong_un

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U.S. taxpayers owe $385 billion in 2006 taxes - IRS (Reuters)

WASHINGTON (Reuters) ? U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006, up about a third from the "tax gap" five years before, the Internal Revenue Service (IRS) said.

Despite the wider shortfall between 2001 and 2006, voluntary compliance remained steady at about 83 percent for both years, the agency said on Friday in its five-year update on the amount of taxes that are never paid.

"On a relative basis, the tax gap is largely in line with the growth in total tax liabilities," the IRS said in a statement.

"In addition, some growth in the tax gap estimate is attributed to better data and improved estimation methods."

The gross tax gap, or the amount that was not paid on time, was estimated at $450 billion in 2006, up from $345 billion in 2001.

The net tax gap, or the amount that was never paid, was $385 billion in 2006, compared with $290 billion five years before, the tax agency said.

Most of the wider tax gap over the five years was concentrated in underreporting and underpayment. The non-filing portion was largely unchanged.

Underreporting climbed to $376 billion from $285 billion, and more than a third of the growth was from corporate income taxes.

Underreporting on corporate income taxes more than doubled to $67 billion, the IRS said.

(Reporting by Ian Simpson)

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/nm/20120107/us_nm/us_irs

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Sunday, January 8, 2012

Food bank grateful for community?s support

Published: January 03, 2012 4:00 PM
Updated: January 03, 2012 4:29 PM

Editor:

As the president of the Richmond Food Bank Society, I have been able to observe and appreciate the way my community supports those in need.

We are a grassroots funded organization and without this tremendous support from individuals, corporations, schools, service groups and so on, the food bank would not be able to keep up with the increasing need for food assistance within Richmond. Unfortunately, this need is increasing at a dramatic rate; in 2008 we were feeding an average of 310 families a week, while earlier last month we hit an all-time high of 585 families. I fear this trend will not reverse in the near future.

As we tally up the year end support in both dollars and food stuffs, I am grateful that I live in such a supportive community.? I would like to thank some special people.

First to each and every one of you that donated a can of food, a loonie at the school fundraiser, a thoughtful cheque? or some other donation?thank you very much.

Also a big thank you to our 130 plus volunteers who create a warm and cheery environment that our clients appreciate. You truly do make a difference to the lives of those in need.

Thanks also to all our community partners who allow us to address the needs of our clients on a holistic basis providing help with social and health care needs. There is still much to do in these areas.

On behalf of the board of directors of the Richmond Food Bank Society, thank you Richmond!

Gary Lake

President, Richmond Food Bank Society

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Source: http://www.richmondreview.com/opinion/letters/136628358.html

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Saturday, January 7, 2012

Survival app aims to help drivers in winter storms (AP)

FARGO, N.D. ? When a powerful blizzard ripped through North Dakota last winter, hundreds of drivers were stranded as white-out conditions shuttered interstates spanning the state. Snow whipped up by wind marred the lines between pavement and grassy drop-offs, leaving some scared motorists unsure what to do.

Two local software developers figured they could help.

Bob Bertsch, an employee with the North Dakota State University Extension Service, and Jake Joraanstad, an NDSU computer engineering major, had just finished developing an app to help residents during floods when the blizzard hit in March, convincing them to shift their attention to winter disasters.

Winter Survival Kit was born. The free program, available for iPhones and Android smartphones, is both a primer to help motorists prepare for winter driving and a beacon when things go badly.

It can pinpoint a motorist's location, call 911, notify friends and family, and monitor how long the gas will hold out. The app also gives potentially life-saving alerts when users tap a big red button on its simple home screen that reads, "I'm Stranded!" Among the advice: stay with your vehicle and keep the tailpipe clear of snow, since a backup can cause carbon monoxide poisoning.

"It's our sincere hope that no one ever has to use it," said Bertsch, an NDSU Extension Service web technology specialist who led the team that developed the app. "But if one person does have to use it and it keeps them in their car or keeps them from succumbing to carbon monoxide poisoning, then it is definitely worth the time and effort that was spent on the app."

The app also helps drivers prepare for bad weather by inputting phone and policy numbers for insurance and roadside assistance, and designated emergency contacts. And it gives guidance on putting together a physical survival kit to keep in vehicles in case of emergencies.

"Any tools developed which arm people with information that will help keep them safe is of value," North Dakota Emergency Services spokeswoman Cecily Fong said.

The app does have limitations. Joraanstad said some especially rural areas of the country ? particularly in the Great Plains ? have shoddy cellphone coverage that could impede some features such as GPS. At that point the app would tell users that their location couldn't be pinpointed and instruct them to call 911.

Still, the app has emergency numbers handy, allowing users to send text messages for help. Text messages often can be sent by weaker signals than are needed for clear phone calls. And the app would give emergency advice on braving the elements ? even telling users how to use parts of a vehicle to keep warm.

The Midwest hasn't seen much heavy snowfall in the last few months, so the app's developers haven't heard of any success ? or horror ? stories yet. But they're convinced that when the time comes, their app will help.

"This app can literally save someone's life. We take great pride in that," said Joraanstad, the 22-year-old chief operating officer for Myriad Devices, a startup company in NDSU's research and technology park that produced the app.

Bertsch, Joraanstad and two colleagues who teach at NDSU have become experts in disaster apps. Last year they developed a program to help residents deal with flooding that has overwhelmed North Dakota in the last few years. The H2O app provides news feeds, river levels, road closure maps and other information.

Winter Survival Kit, which works in the U.S. and Canada, joins several apps from other developers that were designed to help smartphone users in a bind, such as Help I Crashed My Car, Emergency Radio, iMapWeather Radio, iTriage, Close Call and pMonitor. As of this week, there didn't appear to be other winter survival-specific apps in either iTunes' or Android's app stores.

"I think we hit a particular niche," Bertsch said.

About 12,000 people downloaded the app in the first week it was released, and Joraanstad said that at last check, there were another 3,000 downloads. The early returns have been mostly favorable. Out of 16 user reviews on the Android website, 13 gave 5-star ratings. "Practical ... yet simple," reads one review. It had a 4-plus average rating among Apple iPhone users.

People posting lower ratings reported trouble with the app crashing. Joraanstad said those glitches are being addressed as they arise with updates.

The app is being promoted by Texas, where it can be downloaded directly from the Texas Extension Disaster Education Network website. In an unusual climate swap, Texas saw snow this winter before much of the rest of the country.

"With the amount of snow and ice during winter in the Panhandle and North Texas, plus the possibility of unusual cold weather occurrences elsewhere in the state, we felt it would be helpful to many Texans to make this app accessible," said Joyce Cavanagh, Texas extension service spokeswoman.

"People here aren't used to driving in that kind of weather. It gives some peace of mind while traveling," she said.

Cavanagh also said she felt more at ease knowing that many students traveling for the holidays had downloaded the app before hitting the roads.

College student Jessica Rush said she could have used such an app in March. The 21-year-old and a friend were traveling in separate cars in North Dakota when the fast-moving storm left her so blinded that she was on the highway's left shoulder when she thought she was driving over the warning bumps on the right. She figured she was about a half-mile from her friend's car.

"I called my dad and told him I was going to get out and walk to her car and he said, `Do not leave your car. You don't know where she is,'" recalled Rush, who had cellphone coverage where she was stuck.

Rush stayed in her 2000 Oldsmobile Alero for four nerve-racking hours until she was rescued by a truck driver, and she came away with a new appreciation for the dangers of winter driving.

"When your parents tell you not to go somewhere you should probably listen," Rush said. "I guess this app is the next best thing."

___

Associated Press writer Amber Hunt contributed to this report from Sioux Falls, S.D.

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/ap/20120106/ap_on_hi_te/us_winter_survival_app

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Friday, January 6, 2012

Colin Gillis: Yahoo?s Business Model Is ?Looking Increasingly Archaic?

Colin GillisWall Street was not super-impressed with today's announcement of Yahoo's new CEO Scott Thompson. The stock was down 2 percent in the morning and ended the day down 3 percent. I spoke with analyst Colin Gillis of BGC Financial in the video above who says the drumming the stock got was "less a vote on Scott's ability" than a "vote on Yahoo not going private."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Pmi3U4h5Lxo/

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Thursday, January 5, 2012

Bat brains parse sounds for multitasking

ScienceDaily (Jan. 3, 2012) ? Imagine listening to music while carrying on a conversation with friends. This type of multi-tasking is fairly easy to do, right? That's because our brains efficiently and effectively separate the auditory signals -- music to the right side; conversation to the left. But what researchers have not been able to do in humans or animals is to see a parsing of duties at the single neuron level -- until now.

Publishing in the European Journal of Neuroscience, bat researcher Jagmeet Kanwal, PhD, associate professor in the department of neurology at Georgetown University Medical Center, reports on how and in which hemisphere of the brain, bats process incoming signals that allow them to orient and navigate while at the same time, make sense of what other bats are trying to tell them.

To understand auditory brain function, bats are especially interesting animals to study because they process sound through echolocation, which is a kind of biological sonar. Bats emit loud pulses and then listen to their own echoes produced when those pulses bounce off nearby objects. And while bats aren't blind, as is the common myth, they exclusively use echoes to navigate and to hunt while flying.

Not only do the brains of bats have to process a constant stream of pulses and echoes, they also have to simultaneously process the bats' social communications. Bats make angry sounds such as "back off," warning sounds like "watch out!" and other sounds for communicating messages such as "please don't hurt me, or even "I love you!"

In his study, Kanwal shows that neural circuits within the two brain halves allow a bat to navigate or "see" its surroundings and at the same time carry on a conversation, but the division of labor isn't equal, leading to what Kanwal describes as the lopsided brain.

At Washington University in St. Louis, Kanwal inserted a fine tungsten wire (thinner than a human hair) into the brains of awake bats. He presented an array of echolocation signals and communication calls from a digital library of species-specific sounds while recording miniature voltage spikes from neurons -- first in the left side and then the right side of the same bat.

Back at Georgetown University, Kanwal analyzed these data and discovered that neurons in the right cerebral cortex responded more strongly to echolocation than to communication sounds or "calls." This difference was absent on the left side where neurons were more sensitive to changes in the loudness of a call.

Kanwal separated the echolocation sounds into two parts (outgoing pulse and returning echo). Neurons on both sides of the brain responded vigorously to the combination of parts (pulse and echo) and poorly to each part presented by itself, indicating a functional specialization for echolocation. Neurons on the left side of the brain, but not the right, exhibited a similar specialization for processing other bats' social calls.

This phenomenon, known as combination-sensitivity, is ubiquitous in the brains of animals. Kanwal says it is likely the way humans perceive combinations of phonemes (units of speech) as a syllable or word.

"It appears that the cerebral cortex halves are wired differently, allowing one side, usually the left, to more effectively process speech or speech-like communication sounds than the other," Kanwal says. "The right half processes small changes in the pitch of the navigation signals akin to the pitch contour in a melody.

Kanwal says understanding the neurologic basis of speech and music processing is critical for alleviating communication deficits in children (hearing and language impairments, such as dyslexia), and repairing damage to speech areas (aphasias) after a stroke, that otherwise lead to a failure of verbal communication

"This type of lopsided processing has been known in humans for quite some time, but we have not been able to study single neurons at this level of detail in the human brain. Being able to examine the nature of lopsidedness at the level of single neurons in a non-human mammal opens the door to an in-depth understanding of this phenomenon."

Kanwal reports no personal financial interests related to the study. Kanwal would like to acknowledge the contributions of Nobuo Suga, Ph.D., and Kevin Ohlemiller, Ph.D., at Washington University in St. Louis.

Kanwal is author of Bats Sing, Mice Giggle: The Surprising Science of Animals' Inner Lives, first published in 2010 with co-author Karen Shanor, Ph.D.

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The above story is reprinted from materials provided by Georgetown University Medical Center.

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Journal Reference:

  1. Jagmeet S. Kanwal. Right-left asymmetry in the cortical processing of sounds for social communication vs. navigation in mustached bats. European Journal of Neuroscience, 2011; DOI: 10.1111/j.1460-9568.2011.07951.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/2012/01/120103135504.htm

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