Monday, October 14, 2013

Three U.S. Economists Win Nobel Prize


Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.


The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.


While it's hard to predict whether stock or bond prices will go up or down in the short term, it's possible to foresee movements over periods of three years or longer, the academy said.


"These findings, which might seem surprising and contradictory, were made and analyzed by this year's laureates," the academy said.


Fama, 74, and Hansen, 60, are associated with the University of Chicago. Shiller, 67, is a professor at Yale University.


American researchers have dominated the economics awards in recent years; the last time there was no American among the winners was in 1999.


The Nobel committees have now announced all six of the annual $1.2 million awards for 2013.


The economics award is not a Nobel Prize in the same sense as the medicine, chemistry, physics, literature and peace prizes, which were created by Swedish industrialist Alfred Nobel in 1895. Sweden's central bank added the economics prize in 1968 as a memorial to Nobel.


Source: http://www.npr.org/2013/10/14/233889206/three-u-s-economists-win-nobel-prize?ft=1&f=1006
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Friday, October 11, 2013

Poll: Americans find little to like in Washington

Graphic shows AP-GfK poll on government approval; 2c x 6 1/2 inches; 96.3 mm x 165 mm;







Graphic shows AP-GfK poll on government approval; 2c x 6 1/2 inches; 96.3 mm x 165 mm;







(AP) — Americans are fed up with Washington and spreading derision around to President Barack Obama and both political parties, according to a new poll that could sound a warning for incumbents of all political stripes going into next year's midterm election.

Negativity historically hurts the party in power — particularly when it occurs in the second term of a presidency — but this round seems to be hitting everyone, and Republicans even harder. The AP-GfK poll finds about 7 in 10 view the Republican Party and the tea party movement unfavorably, while about half have an unfavorable view of the president and his Democratic Party.

The numbers offer warning signs for every lawmaker running for re-election, and if these angry sentiments stretch into next year, the 2014 elections could feel much like the 2006 and 2010 midterms when being affiliated with Washington was considered toxic by many voters. In 2006, voters booted Republicans from power in the House and Senate, and in 2010, they fired Democrats who had been controlling the House.

"There needs to be a major change," said Pam Morrison, 56, of Lincoln, Neb., among those who were surveyed. "I'm anxious for the next election to see what kind of new blood we can get."

The poll taken Oct. 3-7 finds few people approve of the way Obama is handling most major issues, and most people say he's not decisive, strong, honest, reasonable or inspiring.

In the midst of the government shutdown and Washington gridlock, the president is faring much better than his party, with large majorities of those surveyed finding little positive to say about Democrats. The negatives are even higher for the Republicans across the board, with 4 out of 5 people describing the GOP as unlikeable and dishonest and not compassionate, refreshing, inspiring or innovative.

More people now say they see bigger differences between the two parties than before Obama was elected, yet few like what either side is offering. A big unknown: possible fallout from the unresolved budget battle in Washington.

Morrison describes herself as a conservative Republican and said she is very concerned about how her adult children are going to afford insurance under Obama's health care law. She places most of the blame for the shutdown on the president, but she also disapproves of the job Congress is doing. "I don't think they're working together," Morrison said.

"Congress needs to take a look at their salaries, they need to take a cut to their salaries and they need to feel some of the pain the American people are feeling," said Morrison, who is married to a government worker who, she said, has been deemed essential and is still on the job.

People across the political spectrum voiced disappointment.

Suzanne Orme, a 74-year-old retiree and self-described liberal who lives in California's Silicon Valley, says the shutdown is more the Republican Party's fault. "The Republicans seem to be a bunch of morons who aren't going to give in for anything. I just don't get it with them. They are just crazy," she said.

But she also said she strongly disapproves of the way Obama is handling his job and doesn't find him likable, decisive, strong, honest, compassionate, refreshing, ethical, inspiring or reasonable. The only positive attribute she gave him was innovative.

"It sounds like he's kind of weak. He says one thing and does another," Orme said after taking the survey. For example, she said Obama hasn't made good on his promise to close the detention center at Guantanamo Bay, Cuba, and changed his position on whether people should be penalized for failing to get health insurance.

"I voted for him, and he's turned out to be a big disappointment," she said. "I mean, what's the alternative?" Orme said it just seems to her that Washington is run by lobbyists and consumed by financial greed.

A bad sign for Democrats is that Obama has bled support among independents — 60 percent disapprove of the way Obama is handling his job, while only 16 percent approve. As he began his second term in January, independents tilted positive, 48 percent approved and 39 percent disapproved.

Obama has held onto support from Carol Cox, a 59-year-old independent from Hartville, Ohio, who says she feels the president helps people in need. She is happy to see his health care law that offers coverage to the uninsured and to people with pre-existing conditions, although she thinks the rollout could have been better. "I think he's doing an OK job," she said of the president.

But she is not happy with either party in Congress. She said the shutdown is affecting her family's investments, and she's concerned about the future of Social Security. "I'm really angry and frustrated. I can't believe how mad I am about this."

As for next year's congressional election, she said, "I would love to see just a total turnover."

The AP-GfK Poll was conducted Oct. 3-7, 2013, using KnowledgePanel, GfK's probability-based online panel. It involved online interviews with 1,227 adults and has a margin of sampling error of plus or minus 3.4 percentage points for all respondents.

The survey was designed to be representative of the U.S. population. Respondents to the survey were first selected randomly using phone or mail survey methods and later interviewed online. Those who didn't otherwise have access to the Internet were provided with the ability to get online at no cost.

___

Associated Press News Survey Specialist Dennis Junius contributed to this report.

___

Follow Nedra Pickler on Twitter at https://twitter.com/nedrapickler and Jennifer Agiesta at http://twitter.com/JennAgiesta

Associated PressSource: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-10-11-View%20of%20Washington-Poll/id-63bfb9124e0e42448a60ccd2aaa3309c
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Thursday, August 1, 2013

Damon worked out 4 hours a day for 'Elysium'

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Jennifer Aniston recently confessed she existed on veggies, lean protein and kale to get in shape to play a stripper in "We're the Millers." And now Matt Damon is revealing that he tackled a tough workout schedule to get buff for his new movie, "Elysium."

IMAGE: Matt Damon

Kimberley French / Sony Pictures

Matt Damon bulked up for "Elysium."

"Elysium" director Neill Blomkamp did some makeshift Photoshopping to show Damon, 42, the shape he wanted. Blomkamp "actually had a picture with my face tacked onto this guy with this body, and they literally hired me a trainer and I went to him with the picture," Damon told Variety. "It was four hours a day in the gym -- and I?m not 26 anymore, but I got in shape."

In the sci-fi movie, which opens Aug. 9, Damon plays a factory worker who must break into the protected rich-people space habitat of Elysium, or die trying.

Damon wasn't Blomkamp's first choice to play the role -- rapper Eminem was.?

"That's true -- people have been asking that," Damon acknowledged to the magazine. "Probably half of the movies I do have somebody else's fingerprints on them. It's the nature of the business. I've passed on things other actors have taken. You never know exactly what the alchemy is going to be. Sometimes you end up with somebody and you can't believe that wasn't your first choice the whole time. I've always felt the right actor gets the part."

Source: http://www.today.com/entertainment/matt-damon-worked-out-four-hours-day-bulk-elysium-6C10820774

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GOP: IRS targeted conservatives more than liberals

WASHINGTON (AP) ? Conservative groups seeking tax-exempt status were more closely scrutinized by the Internal Revenue Service than their progressive counterparts, according to a report Tuesday by House Republican investigators.

Tea party and other conservative groups were, on average, asked three times as many questions as progressive groups, said the report by Republicans on the House Ways and Means Committee. Conservative groups were less likely to be approved for tax-exempt status and more likely to have their applications delayed, the report said.

The IRS has been under siege since May when agency officials acknowledged that agents working in a Cincinnati office had improperly targeted tea party groups for extra scrutiny when they applied for tax-exempt status. The IRS has since released documents suggesting that progressive groups may have been targeted, too.

Democrats in Congress have highlighted the possibility that liberal groups were also abused to counter charges by some Republicans that that the targeting was politically motivated.

Congressional investigations have so far shown that IRS supervisors in Washington ? including lawyers in the chief counsel's office ? oversaw the processing of tea party applications. But there has been no evidence that anyone outside the IRS directed the targeting or that agents were politically motivated.

"The facts are very clear ? not only were conservative groups targeted by the IRS, but they received much higher scrutiny than progressives," said Rep. Dave Camp, R-Mich., chairman of the Ways and Means Committee.

"However, this is just the tip of the iceberg," Camp said. "We have received less than 3 percent of the documents responsive to the investigation. So, Congress will continue to investigate how the targeting began, why it was allowed to continue for so long and what the IRS is doing to resolve this. Americans deserve to know the full truth."

The IRS said in a statement that 70 agency lawyers are working full-time to review documents for congressional inquiries.

"The IRS is aggressively responding to the numerous data requests we've received from Congress," IRS spokeswoman Michelle Eldridge said. "We are doing everything we can to fully cooperate with the committees, and we strongly disagree with any suggestions to the contrary."

A report by the IRS inspector general said the agency gave extra scrutiny to 298 groups when they applied for tax exempt status from the spring of 2010 to the spring of 2012.

A total of 104 applications included the labels "conservative," ''tea party," ''patriot" or "9-12" in their names, according to the Ways and Means report, which is consistent with the inspector general's report. Seven included the words "progressive" or "progress."

While processing the applications, IRS agents asked the progressive groups an average of 4.7 questions and eventually approved all seven applications, according to the analysis by Ways and Means Republicans. Some progressive groups, however, complained about lengthy delays.

The conservative groups were asked an average of 14.9 questions and, as of May 31, only 48 applications had been approved. The other 56 applications were either pending or withdrawn. None was denied.

Rep. Sander Levin of Michigan, the top Democrat on the Ways and Means Committee, said the analysis omits other liberal or progressive groups that don't have the word "progressive" in their names.

"This is a recurring problem in this investigation ? the release of incomplete information," Levin said. "Indeed, that is exactly what led to fundamental flaws in the (inspector general's) report."

During the 2010 and 2012 elections, IRS agents singled out groups that had "tea party," ''patriots," and "9-12" in their applications, according to a May report by IRS inspector general J. Russell George. George's report determined that these groups received extra, sometimes burdensome scrutiny that delayed their applications for more than a year.

George's report did not mention progressive groups. He told a congressional committee this month that, despite a yearlong inquiry, the IRS just recently provided him documents suggesting that progressive groups may have been targeted.

The IRS was screening the groups' applications because agents were trying to determine their level of political activity. IRS regulations say tax-exempt social welfare organizations may engage in some political activity, but the activity may not be their primary mission. It is up to the IRS to make that determination.

"The inspector general just testified that his audit was based on an incomplete set of documents that was missing key information about progressive groups, and now House Republicans are making the same mistake," said Rep. Elijah Cummings of Maryland, the top Democrat on the House oversight committee. "Rather than conducting a responsible investigation to determine all of the facts, Republicans are desperate to continue making completely unsubstantiated accusations of political motivation."

___

Follow Stephen Ohlemacher on Twitter: http://twitter.com/stephenatap

Source: http://news.yahoo.com/gop-irs-targeted-conservatives-more-liberals-200339385.html

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40 Years of Nike's Most Iconic Shoe Designs, Visualized

40 Years of Nike's Most Iconic Shoe Designs, Visualized

Nike's impact on both pop culture and the shoe industry is unrivaled. It's consistently one of the most popular brands in the world and has an insane sneakerhead following. But of all the hundreds of shoes released since the 1970s, what are its most iconic designs?

Read more...

    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/G1p7x83JcA0/40-years-of-nikes-most-iconic-shoe-designs-visualized-975114111

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Wednesday, July 31, 2013

1 of 2 northern Indiana teens out of hospital nearly month after Florida parasailing crash


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HUNTINGTON, Indiana ? One of the two northern Indiana teenagers badly hurt in a Florida parasailing crash is out of the hospital nearly a month after the accident.

The parents of 17-year-old Alexis Fairchild say she was released Tuesday from an Indianapolis hospital and returned to the family's Huntington home.

Fairchild faces another surgery in a couple months, along with outpatient physical and speech therapy, her parents said in a statement. Her injuries included broken bones in the upper part of her spine, a skull fracture and a brain injury.

"Our daughter still has a long road to recovery," Michael and Angela Fairchild said.

Fairchild and 17-year-old friend Sidney Good of Roanoke were hurt July 1 after a rope tethering them to a boat snapped and strong winds slammed them into a condominium building, a power line and a parked car at Panama City Beach.

The Coast Guard has said severe weather and the boat's proximity to shore were major factors in the accident.

Good was moved to an Indianapolis rehabilitation hospital last week after surgery for facial fractures.

Both girls were hospitalized in critical condition in the days after the accident but recovered enough to be transferred to Indianapolis a couple weeks later.

"Words cannot express the gratitude we feel for all the prayers and support we have received from around the world," the Fairchilds said. "We would like to thank those who have arranged fundraising events and upcoming blood drives and motorcycle rides in our hometown in honor of our daughter and Sidney Good."

Source: http://www.tribtown.com/view/story/806a75d1b4844891b1c89d31a36b63f2/IN--Parasailing-Crash-Indiana

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Increased fluctuation in blood pressure linked to impaired cognitive function in older people

[unable to retrieve full-text content]Higher variability in visit-to-visit blood pressure readings, independent of average blood pressure, could be related to impaired cognitive function in old age in those already at high risk of cardiovascular disease, suggests a new article.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/vU-Z6CHyYp8/130730193528.htm

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