Friday, 26 April 2013

Osborne: First quarter GDP growth points to economic recovery

LONDON (Reuters) - Chancellor George Osborne welcomed first-quarter economic growth data on Thursday that showed the country avoided a return to recession.

"Today's figures are an encouraging sign the economy is healing. Despite a tough economic backdrop, we are making progress," Osborne said in a statement.

Britain's gross domestic product rose 0.3 percent in the first quarter after shrinking by 0.3 percent quarter-on-quarter in late 2012, official data showed.

(Reporting by William Schomberg; Editing by Susan Fenton)

Source: http://news.yahoo.com/osborne-first-quarter-gdp-growth-points-economic-recovery-085047927--business.html

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Microsoft is desperately trying to steal users away from Android

WARSAW, April 25 (Reuters) - Borussia Dortmund striker Robert Lewandowski played down his stunning one-man demolition of Real Madrid, saying he had played better than Wednesday's four-goal masterclass. The Poland international scored all his team's goals in a 4-1 win over the nine-times champions in their Champions League semi-final first leg. "In the second half Real Madrid did not know how they should play, at some moments they were helpless," Lewandowski told the Polish pay-TV platform nc+. "We took the first step (towards the final). "I felt confident, but there were even better matches. ...

Source: http://news.yahoo.com/microsoft-desperately-trying-steal-users-away-android-194004253.html

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Drinking one 12-ounce sugar-sweetened soft drink a day can increase the risk of type 2 diabetes by 22 percent, study suggests

Apr. 24, 2013 ? Drinking one (or one extra)* 12oz serving size of sugar-sweetened soft drink a day can be enough to increase the risk of developing type 2 diabetes by 22%, a new study suggests. The research is published in Diabetologia (the journal of the European Association for the Study of Diabetes) and comes from data in the InterAct consortium**.

The research is by Dr Dora Romaguera, Dr Petra Wark and Dr Teresa Norat, Imperial College London, UK, and colleagues.

Since most research in this area has been conducted in North American populations, the authors wanted to establish if a link between sweet beverage consumption and type 2 diabetes existed in Europe. They used data on consumption of juices and nectars, sugar-sweetened soft drinks and artificially sweetened soft drinks collected across eight European cohorts participating in the European Prospective Investigation into Cancer and Nutrition (EPIC study; UK, Germany, Denmark, Italy, Spain, Sweden, France, Italy, Netherlands)***, covering some 350,000 participants.

As part of the InterAct project, the researchers did a study which included 12,403 type 2 diabetes cases and a random sub-cohort of 16,154 identified within EPIC. The researchers found that, after adjusting for confounding factors, consumption of one 12oz (336ml) serving size of sugar-sweetened soft drink per day increased the risk of type 2 diabetes by 22%. This increased risk fell slightly to 18% when total energy intake and body-mass index (BMI) were accounted for**** (both factors that are thought to mediate the association between sugar-sweetened soft drink consumption and diabetes incidence). This could indicate that the effect of sugar-sweetened soft drink on diabetes goes beyond its effect on body weight.

The authors also observed a statistically significant increase in type 2 diabetes incidence related to artificially sweetened soft drink consumption, however this significant association disappeared after taking into account the BMI of participants; this probably indicates that the association was not causal but driven by the weight of participants (i.e. participants with a higher body weight tend to report higher consumption of artificially sweetened drinks, and are also more likely to develop diabetes). Pure fruit juice and nectar***** consumption was not significantly associated with diabetes incidence, however it was not possible using the data available to study separately the effect of 100% pure juices from those with added sugars.

The authors say the increased risk of diabetes among sugar-sweetened soft drink consumers in Europe is similar to that found in a meta-analysis of previous studies conducted mostly in North America (that found a 25% increased risk of type 2 diabetes associated with one 12 oz daily increment of sugar-sweetened beverage consumption).

Dr Romaguera concludes: "Given the increase in sweet beverage consumption in Europe, clear messages on the unhealthy effect of these drinks should be given to the population."

Notes

*The increased risk of 22% is for each extra 12oz sugar sweetened drink, so would apply to someone who had 1 drink versus someone who had 0, or someone who had 2 drinks versus someone who had 1, etc.

**The InterACT consortium is investigating, among other things, nutritional factors and physical activity to study the association of nutritional, dietary and physical activity behaviours with incident diabetes in the nested case-cohort study and to contribute to the analysis of gene-lifestyle interaction. It is a sub-division of the EPIC study, which was designed to investigate the relationships between diet, nutritional status, lifestyle and environmental factors and the incidence of cancer and other chronic diseases.

***The centres involved were France, Italy, Spain, Denmark, UK (Oxford, Cambridge), Netherlands (Bilthoven, Utrecht), Germany (Heidelberg, Potsdam), Sweden (Umea, Malmo)

****Extra info from Dr Romaguera: The 22% figure is used as the top line because it is widely accepted by the scientific community that these models should not be adjusted for BMI. In the meta-analysis comparison with other studies from the USA, the risk is those studies is NOT adjusted by BMI. That makes it possible to compare the two sets of results (25% increased risk in North American studies versus 22% in Europe).

*****nectars (UK and USA definition) are fruit juices that have been diluted to some extent and may contain additives (sugar or sweeteners)

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Story Source:

The above story is reprinted from materials provided by Diabetologia, via EurekAlert!, a service of AAAS.

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


Journal Reference:

  1. The InterAct consortium. Consumption of sweet beverages and type 2 diabetes incidence in European adults: results from EPIC-InterAct. Diabetologia, 2013 (in press) DOI: 10.1007/s00125-013-2899-8

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://feeds.sciencedaily.com/~r/sciencedaily/~3/3I2YnuZPQ6w/130424185205.htm

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Thursday, 25 April 2013

Was that the president in my Beijing taxi?

A rumor that Chinese President Xi Jinping traveled undetected among the commoners of Beijing sparked enormous interest, echoing popular lore of?Chinese emperors moving about in disguise.

By Peter Ford,?Staff Writer / April 18, 2013

China's President Xi Jinping speaks during a meeting with Bill Gates (not in picture), on April 8, 2013.

Tyrone Siu/Reuters

Enlarge

When was the last time the Chinese president hailed a Beijing taxi?

Skip to next paragraph Peter Ford

Beijing Bureau Chief

Peter Ford is The Christian Science Monitor?s Beijing Bureau Chief. He covers news and features throughout China and also makes reporting trips to Japan and the Korean peninsula.

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Just a few weeks ago, if taxi driver Guo Lixin is to be believed. Mr. Guo told a Hong Kong newspaper on Thursday that President Xi Jinping took an incognito ride in his cab last month, and chatted about ? what else? ? air pollution.

The news sparked enormous interest on the Chinese Internet, with most of those posting comments on Twitter-like social media platforms apparently believing the tale, but many skeptical about the value of the president?s alleged outing.

Stories about Chinese emperors passing disguised amongst their subjects, so as to learn first hand about their lives, are a staple of Chinese TV soap operas. The official media have recently made a point of presenting Mr. Xi as a ?man of the people.?

According to Ta Kung Pao, the Hong Kong daily to whom Mr. Guo gave his account, two men got into his taxi on the evening of March 1. One of them, he said, looked uncommonly like Xi, head of China?s ruling Communist Party and on the verge of being elected the country?s president.

When he commented on the fact, his mystery passenger replied ?you are the first taxi driver to recognize me,? Guo said, before writing a note wishing the driver ?safe and smooth journeys.?

There are those who saw the story as a PR exercise, pointing out that Ta Kung Pao is a strongly pro-Beijing paper. Official Chinese websites ran the story, too, giving it a degree of credibility, or at least of government approval.

Other observers were dubious about the real identity of Guo?s passenger because the handwriting of his note had nothing in common with handwriting that the verified President Xi has left in visitors? books around the country.

The story sat well, however, with the Communist Party?s propaganda efforts to build the president?s image as a forthright, honest fellow with the common touch. Xi has attracted attention by ordering the police not to block the traffic near places he is visiting just to let his motorcade past. Last week he mingled with fisherfolk on the southern island of Hainan, discussing their catch in the same way that a Western politician might on a flesh-pressing jaunt.

Not everyone is impressed, however. ?The most effective plainclothes visit is to look at Weibo every day,? commented Feng Xincheng, a well known newspaper editor, referring to Sina Weibo, a censored but nonetheless lively Twitter-like service where public criticism of the authorities is common.

It did not seem from taxi driver Guo?s account that Xi (if it was indeed he) learned much that he did not already know. As soon as he recognized his passenger Guo broke out in a cold sweat, he said, and told the distinguished man in the front passenger seat that he thought the Communist Party and government policies were correct, if not always well implemented.

?Xi,? meanwhile, fed his ordinary citizen interlocutor the same pap as government officials feed the public about how long it will take and how hard it will be to clean up Beijing?s pollution.

Neither the alleged president nor his driver ended up much the wiser, it seems. And then on Thursday evening, the official Xinhua news agency stamped on all the speculation with a terse one line announcement.

Ta Kung Pao?s report, said Xinhua, ?has proven to be a fake story.??

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/gKlDEKXBPOw/Was-that-the-president-in-my-Beijing-taxi

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Wednesday, 24 April 2013

Deep, permeable soils buffer impacts of crop fertilizer on Amazon streams

Apr. 24, 2013 ? The often damaging impacts of intensive agriculture on nearby streams, rivers, and their wildlife has been well documented in temperate zones, such as North America and Europe.

Yet a new study in an important tropical zone -- the fast-changing southern Amazon, a region marked by widespread replacement of native forest by cattle ranches and more recently croplands -- suggests that at least some of those damaging impacts may be buffered by the very deep and highly permeable soils that characterize large areas of the expanding cropland.

The study, led by Christopher Neill, director of the Ecosystems Center at the Marine Biological Laboratory (MBL), is published this week in the journal Philosophical Transactions of the Royal Society B. This entire journal issue is devoted to the consequences of massive land-use changes in Mato Grosso, Brazil, the Amazon's biggest and most dynamic agricultural frontier.

"Over the past two decades, Mato Grosso has experienced both the highest rates of deforestation (mostly for pasture and soya bean expansion) and the greatest reduction in deforestation rates (associated with [government] policies and macroeconomic factors) in the Amazon," write the editors of the issue, who include Neill's collaborator Michael T. Coe of Woods Hole Research Center. "The regional focus of this issue allows for a deep assessment of the complex ecological and social changes related to agricultural transformation of a tropical forest environment."

Neill's study looked specifically at the impacts of soybean agriculture on water quality and quantity at Tanguro Ranch, a nearly 200,000-acre farm similar in climate and geography to large tracts of the Amazon where soybean production, largely for export as animal feed, is expanding rapidly.

The ranch has watersheds that are entirely forested, as well as watersheds that are now entirely soybean cropland, allowing for a comparison.

"We were surprised to find that, despite intensive agriculture at Tanguro Ranch, the streams do not appear to be receiving a significant amount of either nitrogen or phosphorus, despite a high application of phosphorus fertilizer to adjacent cropland," says Neill.

This is in contrast to many Northern Hemisphere cropland areas where fertilizers are known to add nutrients to the soil that, with rainfall, run off into freshwater streams and rivers, leading to over-fertilization and low-oxygen conditions that endanger fish and other aquatic life.

At Tanguro Ranch, however, "the soils are old and highly weathered, very deep, and likely to be fairly uniform over great depths," Neill says. "Water infiltrates the soil very rapidly, and the soil has a great capacity to absorb the nutrients. It appears to act as an enormous buffer."

However, this situation is in transition, he notes. "The southeastern Amazon is a very fast-moving environment of change. Right now, most soybean fields are not fertilized with nitrogen. But that will change because the Amazon is poised for large increases in nitrogen fertilizer use as double-cropping (soybeans plus corn) becomes more prevalent," Neill says. "So it's quite possible we will see greater effects on water quality in the future."

The study also noted impacts of deforestation on the quantity of water entering streams. Typically, after a forest is cut down,

about four times more surface water runs off into small streams because of reduced evaporation to the atmosphere. However, at Tanguro Ranch, rainfall infiltrates quickly into the soil and streams are fed predominantly by groundwater, so stream levels don't fluctuate dramatically, during either the wet and dry seasons, even in cropland watersheds.

"We don't see large changes to the structure of stream channels in small headwater streams, " Neill says. "But in the bigger rivers, we see a cumulative impact of all the extra water from those small streams piling up. When larger rivers have to handle that extra water caused by deforestation, they change geomorphically; their floodplains get re-arranged. Those are also rivers that people use for water supplies, fishing, and transportation. "

Finally, the study showed that the agricultural streams were warmer than the forested streams, caused both by a reduction in bordering forest and the presence of impoundments (small human-made dams).

"Warmer water has implications for the fish," Neill says, "because it holds less oxygen. Warmer water also increases fish metabolism, so fish need more food. We don't know if warming and other changes associated with expanding cropland also increase fish food supply -- if they don't, some fish may not have enough energy to survive."

Neill has been working at Tanguro Ranch since 2007 with collaborators from Woods Hole Research Center, Brown University, the Amazon Environmental Research Institute (IPAM), and the University of S?o Paulo. Other authors in this journal issue include MBL Senior Scientist Linda Deegan; Shelby Riskin and Gillian Galford, both of whom graduated from the Brown-MBL Graduate Program in Biological and Environmental Sciences; and Brown-MBL faculty members Stephen Porder, Leah VanWey, and Jack Mustard.

"Tanguro Ranch is the focus of a huge amount of the science on land transitions and social-ecological dynamics in the Amazon," says Marty Downs, associate director of Brown University's Environmental Change Initiative.

Neill's study was funded by grants from the National Science Foundation, the Fundac?o de Amparo ? Pesquisa do Estado de S?o Paulo, the Packard Foundation, the Gordon and Betty Moore Foundation, and the Brazilian Council for Scientific and Technological Development.

Theme Issue Ecology, economy and management of an agroindustrial frontier landscape in the southeast Amazon, compiled and edited by Paulo M. Brando, Michael T. Coe and Ruth DeFries. Phil. Trans. Roy. Soc. B, June 5, 2013.

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Story Source:

The above story is reprinted from materials provided by Marine Biological Laboratory. The original article was written by Diana Kenney.

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


Journal Reference:

  1. C. Neill, M. T. Coe, S. H. Riskin, A. V. Krusche, H. Elsenbeer, M. N. Macedo, R. McHorney, P. Lefebvre, E. A. Davidson, R. Scheffler, A. M. e. S. Figueira, S. Porder, L. A. Deegan. Watershed responses to Amazon soya bean cropland expansion and intensification. Philosophical Transactions of the Royal Society B: Biological Sciences, 2013; 368 (1619): 20120425 DOI: 10.1098/rstb.2012.0425

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/qTiynJImWjs/130424112312.htm

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Monday, 22 April 2013

Taliban capture 9 from helicopter in Afghanistan

A taxi tries to make its way through a sandstorm that obscures the city of Kanadahar, Afghanistan, Sunday April 21, 2013. (AP Photo/Anja Niedringhaus)

A taxi tries to make its way through a sandstorm that obscures the city of Kanadahar, Afghanistan, Sunday April 21, 2013. (AP Photo/Anja Niedringhaus)

(AP) ? A civilian transport helicopter was forced to make an emergency landing in a Taliban-controlled area of eastern Afghanistan, and the insurgents took all nine people who were on board hostage, officials said Monday.

The aircraft landed in strong winds and heavy rain on Sunday in a village in the Azra district of Logar province, southeast of Kabul and about 30 kilometers (or 20 miles) from the Pakistan border, said district governor Hamidullah Hamid.

Taliban fighters then captured all nine aboard the helicopter and took them from the area, Hamid told The Associated Press. He said the crew members and passengers are all civilian, but he did not know their identities or nationalities.

NATO confirmed the helicopter went down on Sunday, but the International Security Assistance Force did not have any other details. ISAF spokeswoman Erin Stattel said the coalition was assisting in the recovery of the aircraft. She could not say whether the aircraft had made a precautionary landing or whether the Taliban had forced it down.

In Ankara, the Turkish Foreign Ministry said it was asking officials in Afghanistan to check unconfirmed news reports that some or all of the nine people aboard the helicopter were Turkish citizens.

Logar deputy police chief Rais Khan Abdul Rahimzai said the helicopter is owned by a company named Khaorasan. He first identified it as an Afghan company, but later said he didn't know where it is based. Rahimzai said he didn't know what kind of cargo the aircraft was carrying, where it was headed, or whether it was working for NATO.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-04-22-AS-Afghanistan/id-dc5024e19c094dd0b7c215947e9db4b8

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Saturday, 20 April 2013

5-Year-Old Indian Girl In Critical Condition After Alleged Raped, Days Of Torture

A 5-year-old girl is in critical condition at an Indian hospital after a man allegedly raped and tortured her over the course of several days, according to multiple reports.

The Times of India writes that the girl, who doctors said weighed under 50 lbs when she was admitted to the hospital, had an infection and had to have surgery to remove a candle and a bottle of hair oil that were found inside her.

The girl was located Wednesday in an apartment of the New Delhi building where she lived with her family, The Indian Express reports, noting that she had cuts on her neck and bite marks on her face and chest, presumably from her attacker.

Moreover, the medical superintendent of the hospital said she had a fever and that her blood pressure was "way below normal" when she was examined, per The Hindustan Times.

The girl had been missing for two days (four days, The Times of India says) when neighbors told her parents they heard screams from a first-floor apartment and kicked in the door, The Indian Express reports.

Her mother says the girl was kidnapped by a neighbor and raped, but that the neighbor has since absconded, according to The Times of India. The Indian Express notes that police have identified a 24-year-old suspect who lives in the building and are currently tracking him down.

The girl's father claims that city police initially refused to file a crime report and later attempted to buy his family's silence on the matter by giving him 2,000 Rupees (about $37), The Times Of India reported. An inquiry has been opened to investigate police misconduct, and three New Delhi police officials have been suspended, New Delhi Police Commissioner Neeraj Kumar said, according to The Indian Express.

India's Prime Minister Manmohan Singh said Friday that he was "deeply disturbed" by the crime. That same day, a protest erupted outside the New Delhi Hospital where the girl was recovering.

India has received much international attention in the wake of a young student's death after a brutal gang rape in December 2012, which also happened in New Delhi. The 23-year-old physiotherapy student's attackers inserted a metal rod inside her that had pulled out most of her intestines when it was removed, one of her doctors said in December.

In early February, India passed a series of measures into law, imposing harsher penalties for convicted rapists. Among other things, the new laws dramatically increase prison terms for rape and also outlaw sexual assault and stalking.

But the recent measures, which were rammed through the legislature to quench public desire for reform, fall short of outlawing marital rape and cannot be used to prosecute members of the army.

Related on HuffPost:

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Source: http://www.huffingtonpost.com/2013/04/19/5-year-old-india-rape-torture_n_3118340.html

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Mead Johnson Nutrition' s Stock Is Now Efficiently Valued - Minyanville

Mead Johnson Nutrition (NYSE:MJN) is up 19% since being recommended at $68 in early December 2012. $81 was my price target, based on a 9% five-year EPS growth rate.

While some consumer staples stocks have gone up more in the search for dividend yield, those stocks still have the private label specter hanging over them and will have continual sales volume pressure in the US and most likely in Europe as well. MJN should not have the pricing pressure as long as prices are not raised, which should make MJN a safer long-term holding than other staples stocks, many of which are overvalued at this point. But Mead Johnson?s 1.8% yield will not be competitive in the shorter term.

The stock had flirted with $81 but fell back to the low 70s when Chinese law changed -- it no longer allows individuals to buy large amounts of Mead?s formula in Hong Kong and take it to the mainland to resell. This sort of distributional curiosity was caused by a consumer overreaction to the sale of formula by domestic Chinese companies that had tainted domestic milk in it. This was about five years ago.? Mead?s Hong Kong formula is imported from The Netherlands, while its formula that is sold in mainland China is manufactured in China, but made from imported milk. A disproportionate amount of Chinese sales were being made via Hong Kong, so sales have been affected.

As a premier formula seller in China, I feel that it is just a matter of time, and some advertising, before sales are back to normal. The stock had been moving up on just that thought, I believe. Then the stock got to $81 after Danone (PINK:DANOY) reported strong formula sales in China and the Far East. Overall pricing was up 9% vs. the Street's expectation of 6%. That makes me feel better about the longer-term pricing level maintenance for Mead, though I would not raise my EPS growth rate for it.?

I would be somewhat leery, however, about the fact that some of the pricing taken by Danone, the No. 2 seller in China, may have come from sales problems at Mead. Danone just came out with some new products, but it also seems too easy to conclude that Mead?s sales adjustment from Hong Kong to mainland China formula has been discounted in one quarter.

Therefore, earnings to be reported on April 25 may be somewhat disappointing vs. the optimism engendered by the Danone report.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Mead-Johnson-Nutrition2527s-Stock-Is-Now/4/18/2013/id/49351

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Depression: Why life can feel out of control

Apr. 18, 2013 ? People with depression often feel their life is out of control. It can evoke feelings that their life is pointless or by merely existing bad things can happen. Research funded by the Economic and Social Research Council (ESRC) suggests that these feeling may be caused by subtle changes in the way depressed people perceive time and process their surroundings.

Experiments by psychology researchers Dr Rachel Msetfi from the University of Limerick, Ireland, and Dr Robin Murphy at the University of Oxford in the UK, used a computer-based task to explore how healthy as well as depressed volunteers responded to simple tasks in which they had varying levels of control.

They were asked to test the reliability of a remote controller in different rooms of a virtual house. The remote would switch on the hi-fi in each room with a certain level of reliability; sometimes the music would come on immediately, sometimes with a slight delay and sometimes it would start even when the volunteer decided not to use the remote.

The experiment was designed so that in different rooms the volunteers had different levels of control. In some rooms pressing the remote control worked well. In other rooms the remote was less reliable, giving the volunteers less control. After many goes at using the remote controller in a room each participant was asked about how much control they felt they had using the remote, and the extent to which the behaviour of the hi-fi was governed by the room, not them pressing the button.

Dr Msetfi's analysis showed that when there were longer delays, either between opportunities to press the remote button or between pressing the button and the music turning on, depressed people responded differently than others. Interestingly, with these longer delays, their judgements were actually more realistic than those of the healthy volunteers.

This finding supports other studies which suggest that people with depression experience time as passing more slowly; they also tend to process cues from their environment and context differently to people without depression.

"When depressed people have more time to process information about cause and effect, due to their slower perception of time they tend to take more notice of their environment which is often beyond their control, hence their feelings of helplessness," says Msetfi. "We see that contrary to the cognitive theory of depression, which emphasises the effects of irrational thought, here very subtle changes in perceptions have a strong knock on effect on other cognitive processes and feelings of control."

Msetfi also suggests that her research may also help to explain why mindfulness therapy is so successful in treating depression and preventing relapse. "Mindfulness is about paying more attention to what is happening right now. If time moves more slowly for people with depression and makes them oversensitive to their surroundings, mindfulness may work because it recalibrates their perceptions to find a better balance."

Further information: http://www.esrc.ac.uk/my-esrc/grants/RES-062-23-2525/read

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The above story is reprinted from materials provided by Economic and Social Research Council (ESRC).

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


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://feeds.sciencedaily.com/~r/sciencedaily/mind_brain/depression/~3/V9CItBWtbao/130418094646.htm

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Friday, 19 April 2013

Judiciary Committee takes up immigration bill

Foreign Relations Committee Chairman Sen. Robert Menendez, D-N.J., at podium, about immigration reform legislation outlined by the Senate's bipartisan "Gang of Eight" Thursday, April 18, 2013, during a news conference on Capitol Hill in Washington. From left are Sen. Jeff Flake, R-Ariz., Menendez, Sen. Marco Rubio, R-Fla., Sen. Charles Schumer, D-N.Y., Sen. John McCain, R-Ariz., and Sen. Michael Bennet, D-Colo. (AP Photo/J. Scott Applewhite)

Foreign Relations Committee Chairman Sen. Robert Menendez, D-N.J., at podium, about immigration reform legislation outlined by the Senate's bipartisan "Gang of Eight" Thursday, April 18, 2013, during a news conference on Capitol Hill in Washington. From left are Sen. Jeff Flake, R-Ariz., Menendez, Sen. Marco Rubio, R-Fla., Sen. Charles Schumer, D-N.Y., Sen. John McCain, R-Ariz., and Sen. Michael Bennet, D-Colo. (AP Photo/J. Scott Applewhite)

Sen. Jeff Sessions, R-Ala., stands with members of law enforcement as he speaks about immigration reform, Thursday, April 18, 2013, on Capitol Hill in Washington. (AP Photo/Charles Dharapak)

WASHINGTON (AP) ? A far-reaching new immigration bill is getting its first test at a Senate Judiciary Committee hearing, where opponents of the legislation will be able to face off with its authors.

The committee includes Sen. Chuck Schumer, D-N.Y., and three other of the eight lawmakers who authored the bill to boost border security, fix legal immigration programs and eventually grant citizenship to some 11 million people here illegally. The panel also includes leading skeptics of the legislation, including Republican Jeff Sessions of Alabama.

The 844-page legislation was introduced around 2 a.m. Wednesday, so critics say there's been insufficient time to digest it and they've pushed for more hearings and a long process. Friday's hearing will be the first of two the Judiciary Committee is expected to hold on the bill before it begins amending and voting on it next month.

Homeland Security Secretary Janet Napolitano has been invited to testify, and she's sure to face tough questions from Sessions and other Republicans on conditions along the border, which the Obama administration says is more secure than ever.

Some Republicans disagree and also contend that the immigration bill doesn't do enough to improve border security, even though it requires certain enforcement steps to be taken before any path to citizenship can begin.

Napolitano in the past has criticized the idea of border enforcement "triggers" as a condition of a path to citizenship, putting the Obama administration at odds with the bipartisan Senate plan. But President Barack Obama praised the legislation when it was released this week.

A second panel of witnesses was to include Douglas Holtz-Eakin, a conservative-leaning economist who's argued that immigration brings economic benefits to the U.S.; and Peter Kirsanow, a Republican member of the U.S. Civil Rights Commission who's said that illegal immigration reduces wages and eliminates jobs for low-skilled American workers.

___

Online:

Senate Judiciary Committee: http://www.judiciary.senate.gov

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-04-19-Immigration/id-af97233666df40f4a913ba42bfcc588c

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The Sequester and the Military Budget

Project on Defense Alternatives
April 18, 2013

More than a month after the onset of sequestration, neither the White House nor Congress are any closer to enacting a ?grand bargain? that could replace the nine-year sequester in its entirety or a one-year ?patch? that could be used to offset the FY13 or FY14 sequesters.? In fact, the recently unveiled budget request for Fiscal Year 2014 all but ignored the automatic spending reductions that impact almost every sector of the federal government.? Veteran defense reporter John Bennettbelieves?that the recent budget request has but one purpose for the White House, and that is ?constructing the foundation for a ?grand bargain? fiscal deal with Senate Republicans.?? As a result, sequestration still seems here to stay for the immediate future.

This seeming lack of progress has prompted the chair of the Senate Armed Services Committee, Senator Carl Levin (D-MI), to?advocate for a one-year patch to avoid sequestration in Fiscal Year 2014.? Because both the White House and Congress are budgeting to pre-sequester levels, the military budget faces a more-than $50 billion cut in Fiscal Year 2014.? The FY13 sequester cuts are currently being implemented by the Office of Management and Budget.? If Congress decided to appropriate at the post-sequester spending levels in Fiscal Year 2014, it could avoid another sequester altogether.? Still, it appears as if Congress will continue to ignore sequestration as it drafts its FY14 spending bills.? While Levin remains hopeful that a ?grand bargain? will eventually be enacted, he believes that a one-year patch to avoid the automatic cuts in FY14 is essential.? Last year, Levin rejected similar temporary proposals from Republicans and instead advocated an annual military spending reduction of $10 billion per year for the next decade.

Appearing before the?House Appropriations subcommittee on defense?this week, Secretary of Defense Chuck Hagel announced that the Pentagon is preparing a largereprogramming request?to offset some of the budgetary disruption resulting from the onset of sequestration.? For example, the department is currently facing a $22 billion shortfall in operations and maintenance funding in Fiscal Year 2013.? During the hearing, Pentagon Comptroller Robert Hale noted that the department is planning on reducing its civilian workforce by five to six percent between now and Fiscal Year 2018 in order to keep pace with active duty reductions.? Furthermore, Hale asserted that civilian workforce reductions will need to be coupled with infrastructure downsizing through the Base Realignment and Consolidation (BRAC) process.? The Pentagon?says?that their latest BRAC proposal stems from a 2004 study in which the department found it had 24 percent excess domestic infrastructure. ?Still, Chairman Levin?threw cold water on the proposal, saying he doesn?t think the Senate will be any more receptive to domestic base closures this year than it was last year.

In its recent budget submission, the Army confirmed that the development phase of the new Ground Combat Vehicle program will be delayed by one year.? This delay follows a scathing Congressional Budget Office report that found alternative options to the GCV would be both more capable and less costly than current plans.? The new chair of the House Armed Services subcommittee on tactical air and land forces, Representative Michael Turner (R-OH),?recently told reportersthat he?s keeping a close watch on the Army?s acquisition budget, and especially the Ground Combat Vehicle, to make sure that another F-35-like boondoggle doesn?t emerge.

Last month, Representative Ron Kind (D-WI) introduced?H.R. 1361, the Inefficient Defense Elimination Act of 2013, which would require the Pentagon to follow through on program terminations and the retirement of certain military assets that were included in last year?s budget.? This includes cancellation of the Global Hawk Block 30 drone program, the mothballing of the C-27J Spartan transport aircraft, and the early retirement of seven aging cruisers and two amphibious landing ships.? The Pentagon has included many of the aforementioned recommendations in this year?s budget.? Meanwhile, Senator Jeanne Shaheen (D-NH) has introduced?S. 664, the Government Contractor Accountability Act of 2013, which would require federal agencies to enact the recommendations of Inspectors General with respect to contractor savings and reforms.? ?My bill would ensure [Inspector General] recommendations for cutting costs and rooting out fraud and abuse are given sufficient consideration by the federal agencies,? Shaheen said in a?statement.

Yesterday, Representative Mike Coffman (R-CO) sent a letter to House Appropriations Committee leaders requesting decreased funding for ten military programs as appropriators begin drafting FY14 spending bills.? Among the items recommended for decreased funding, many of which are included in Coffman?s?Smarter Than Sequester Defense Spending Reduction Act, are the Army?s Ground Combat Vehicle, refurbishments for M1 Abrams tanks, military bands, and active duty Marine Corps and Army personnel.? Coffman wrote, ?Our current fiscal situation requires us to identify spending reductions throughout the budget, including the defense budget.? However, we should do so in a responsible manner, with targeted reductions in less critically important areas.?

As early as?this summer, F/A-18 manufacturer?Boeing will introduce an upgraded version of the Super Hornet, which the contractor hopes will be considered as a cheaper alternative to Lockheed Martin?s F-35 Lightning II. The Navy currently plans to buy 260 units of the F-35C variant, a number at risk of being supplanted by the less expensive Super Hornets. Meanwhile, both USMC Commandant Gen. James Amos and Chief of Naval Operations Adm. Jonathan Greenert have reaffirmed their support for the F-35, though both parties acknowledge procurement is moving slowly: Gen. Amos?referred?to the procurement process as ?constipated.? Gen. Amos and Adm. Greenert criticized the increased role of Pentagon program managers and blamed them for clogging procurement reform.? Meanwhile, the Marine Corps recently?announced?that its variant of the F-35 should be ready for initial operations as soon as July 2015.

A yearlong Senate Armed Services Committee?review?has found that the United States spends more than $10 billion annually to maintain overseas bases in allied countries. Of this total, over seventy percent is distributed to Germany, Japan, and South Korea; where spending is $4 billion, $2 billion and $1.1 billion respectively. Compounding expenses, co-payments by the host countries are often accepted as ?in-kind? payments of services or facilities instead of cash.? Not only have allied payments failed to ?keep up with rapidly rising U.S. costs,? the report notes, but there is scant congressional or Pentagon oversight of the construction projects.

Global military spending dropped in 2012 for the first time since 1998. ?According to a?report?prepared by the Stockholm International Peace Research Institute (SIPRI), the international community spent $1.75 trillion on its military, down 0.5 percent from the year before.? Defense outlays shrank in the West, but rose in?Russia, China, and the Middle East.? The United States retained the highest percentage at 39 percent of all military spending.? SIPRI experts noted that while Chinese military spending has increased over the past year, it has not seen a commensurate improvement in military capability.

Source: http://itsoureconomy.us/2013/04/the-sequester-and-the-military-budget/

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Thursday, 18 April 2013

War medicine now is helping Boston bomb victims

An injured person is helped on the sidewalk near the Boston Marathon finish line following an explosion in Boston, Monday, April 15, 2013. (AP Photo/MetroWest Daily News, Ken McGagh) MANDATORY CREDIT

An injured person is helped on the sidewalk near the Boston Marathon finish line following an explosion in Boston, Monday, April 15, 2013. (AP Photo/MetroWest Daily News, Ken McGagh) MANDATORY CREDIT

FILE - In this Monday, May 28, 2012 file photo, U.S. Army Capt. Dan Berschinski, foreground, uses prosthetic legs to stand on the field before a baseball game between the St. Louis Cardinals and Atlanta Braves in Atlanta. Berschinski lost both legs to an IED blast while serving in Afghanistan in 2009. Nearly 2,000 American troops have lost a leg, arm, foot or hand in Iraq or Afghanistan, and their sacrifices have led to advances in the immediate and long-term care of survivors, as well in the quality of prosthetics that are now so good that surgeons often chose them over trying to save a badly mangled leg. (AP Photo/David Goldman)

FILE - In this Thursday, Oct. 4, 2012 file photo, U.S. Marine Cpl. Daniel Riley, 21, navigates the steps outside his apartment on his prosthetic legs in San Diego, Calif. Riley lost both legs to an IED in Afhganistan. Learning to walk on his prosthetic legs was "like kicking a soccer ball in a swimming pool." Nearly 2,000 American troops have lost a leg, arm, foot or hand in Iraq or Afghanistan, and their sacrifices have led to advances in the immediate and long-term care of survivors, as well in the quality of prosthetics that are now so good that surgeons often chose them over trying to save a badly mangled leg. (AP Photo/Lenny Ignelzi)

The bombs that made Boston look like a combat zone have also brought battlefield medicine to their civilian victims. A decade of wars in Iraq and Afghanistan has sharpened skills and scalpels, leading to dramatic advances that are now being used to treat the 13 amputees and nearly a dozen other patients still fighting to keep damaged limbs after Monday's attack.

"The only field or occupation that benefits from war is medicine," said Dr. David Cifu, rehabilitation medicine chief at the Veterans Health Administration.

Nearly 2,000 U.S. troops have lost a leg, arm, foot or hand in Iraq or Afghanistan, and their sacrifices have led to advances in the immediate and long-term care of survivors, as well as in the quality of prosthetics that are now so good that surgeons often choose them over trying to save a badly mangled leg.

Tourniquets, shunned during the Vietnam War, made a comeback in Iraq as medical personnel learned to use them properly and studies proved that they saved lives. In Boston, as on the battlefield, they did just that by preventing people from bleeding to death.

Military doctors passed on to their civilian counterparts a surgical strategy of a minimal initial operation to stabilize the patient, followed by more definitive ones days later, an approach that offered the best chance to preserve tissue from large and complex leg wounds.

At the same time, wartime demand for prosthetics has led to new innovations such as sophisticated computerized knees that work better than a badly damaged leg ever would again.

"This is a clear case where all of the expertise that was gained by prosthetic manufacturers was gained from the wars. It's astonishing how well they function and the things people can do with these prostheses," said Dr. Michael Yaffe, a trauma surgeon at Beth Israel Deaconess Medical Center in Boston.

The hospital has performed amputations on three blast victims so far. A few other patients there may yet need them. Yaffe is a lieutenant colonel in the Army Reserves, and many other doctors treating Boston blast victims also have had military training.

The military partnered with the American Academy of Orthopaedic Surgeons to train doctors throughout the United States on advances learned from the wars, said Dr. Kevin Kirk, an Army lieutenant colonel who is chief orthopedic surgeon at San Antonio Military Medical Center.

Help, too, has come from Israel, which for decades has dealt with the aftermath of Palestinian bombs, like the ones in Boston, often laden with nails, ball bearings and other metals.

"Unfortunately, we have great expertise," said Dr. Pinchas Halpern, director of emergency medicine at Tel Aviv's Sourasky Medical Center.

Halpern, who gave lectures in 2005 at Brigham and Women's Hospital and Massachusetts General about responding to attacks, has been in email contact with doctors in Boston this week.

Among the topics he covered in his lectures were how to coordinate ambulances to distribute the wounded to area hospitals according to their type of injury, performing more CT scans than usual to locate deep shrapnel wounds and ways to identify and classify wounds.

Dr. Paul Biddinger of Mass General's emergency department said the hospital took much of Halpern's advice.

"We improved our plans for triage, site security, reassessment and inter-specialty coordination" following Halpern's visit, Biddinger said.

Blast victims can be challenging to treat because they typically have multiple complex physical injuries that may include loss of limbs, fractures, brain damage, and vision and hearing impairment, said Dr. Paul Pasquina, chairman of physical medicine and rehabilitation at the Uniformed Services University and Walter Reed National Military Medical Center.

"It's very important that during their acute medical and surgical care that rehabilitation is applied early on, to get them up as soon as possible" to reduce risks from being immobile, including blood clots, deconditioned muscles and other problems that will make recovery more difficult," he said.

A multidisciplinary approach that involves everyone from plastic and orthopedic surgeons to therapists is important, said Dr. James Ficke, chairman of the department of orthopedics and rehabilitation at San Antonio Military Medical Center. He also advises the U.S. Army Surgeon General on orthopedics.

"As a doctor, one of the lessons I learned most dramatically is, I don't have any preconceptions of what they can or can't do as a patient. There was a patient who lost his leg completely and had no hip joint and recently did a marathon in Austin in 4:33."

John Fergason, chief prosthetist at Center for the Intrepid, an outpatient rehab center that is part of Brooke Army Medical Center, said advances include computerized knees that allow amputees with above-the-knee amputations to walk down steep ramps, to walk up steps and go from a walk to a run.

After every war, "you see a tremendous spike in prosthetic innovation," largely because of increased research money, said Hugh Herr, a prosthetic expert at MIT and a double-amputee himself. Federal funds let his MIT lab do basic research on a bionic foot-ankle-calf system, and he founded a company that has commercialized that device.

If Boston victims are generally healthy and motivated, and their legs are amputated below the knees, or perhaps even above the knees, "it's possible they could run the marathon a year from now," he said. "It would take a lot of effort, but it's indeed possible with today's technology."

One amputee's story is encouraging.

Dan Berschinski, 28, used to run marathons but now works with the Amputee Coalition, an advocacy and support organization based in suburban Washington, D.C. He was an infantry officer in Afghanistan when he stepped on an IED in August 2009. The blast blew off his entire right leg and most of his left leg. After treatment in the field and in Germany, he was sent to Walter Reed.

His biggest initial challenge was intense pain, treated with narcotic painkillers, and phantom leg and foot pain. Doctors used to consider phantom pain a psychological problem but now consider it real, physical pain. Treatment includes nerve blockers.

Recovery and rehab took about three years, including 10 months of daily physical therapy to strengthen his arms and core ? muscle power he'd need to learn to walk on prosthetics.

The bionic legs he uses cost $60,000 apiece, are hydraulically operated and equipped with microchips and a gyroscope that sense when to relax and stiffen to help him walk. Walter Reed was involved in developing the legs, said Zach Harvey, former prosthetics chief at Walter Reed.

Berschinski used to run marathons but now competes in triathlons ? swimming, biking with his arms and racing in a wheelchair.

"I'm very happy with my progress," he said.

___

Associated Press writers Malcolm Ritter in New York, Lindsey Tanner and Sharon Cohen in Chicago, and Daniel Estrin in Jerusalem contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-04-17-Boston%20Marathon-War%20Injuries/id-370e4d18518648c5bef93837b910dd95

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Wednesday, 17 April 2013

Barney Frank on the Boston bombing: Let this serve as a reminder to you, smaller government tax cut zealots! (Michellemalkin)

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48th Annual Small Fry Trout Fishing Derby | Chatham Sports ...

Milton Avenue Elementary School, which serves grades K-3, is located in a residential area toward the north end of the borough. Its property is bordered by trees on one side.

The school district emphasizes a strong arts-related curriculum, and as such, Milton Avenue often brings in experts to teach students vocal music, physical education, health and art.

Milton Avenue is home to the Preschool Readiness and Enrichment Program, which is intended to help three- and four-year-olds who experience delays in developing their learning, social/emotional or motor skills. It also offers special education classes for its elementary school children.

The school's principal is Marion McCarthy.

Source: http://chatham.patch.com/events/48th-annual-small-fry-trout-fishing-derby

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Gold Drops Over 8 Percent in Worst One-day Decline Since 1983 ...

Gold Drops Over 8 Percent in Worst One-day Decline Since 1983Gold suffered its largest one-day drop in 30 years this morning, plunging more than 8 percent in midday trading; that is the largest one-day percentage decline since 1983.?

Gold was at $1,335 an ounce mid-morning, down $166 from Friday?s close of $1,501.

It was the second straight day of losses for gold, which on Friday breached the $1,500 per ounce technical support level after Cyprus said it plans to sell gold in return for bailout money. Continued gains in US equities and a stronger US dollar are other factors pulling investors away from gold.

?All of a sudden, the price is below $1,500, and you have to put up more money,? The Wall Street Journal quoted Jeffrey Christian, chief executive at metals-consulting firm CPM Group, as saying. ?Faced with such choices, more and more investors are choosing to dump their gold holdings rather than risk riding out the selloff.??

The Wall Street Journal said the latest sell-off came after China showed weaker-than-expected growth, leading to concerns that China and India, the two largest gold consumers, could slow bullion purchases.

Gold for June delivery plummeted to $1,335 an ounce for a decline of 9.7 percent in intra-day trading. That?s a 10th of a percentage point more than on February 28, 1983, when the precious metal fell 9.6 percent.

Trading volume also hit an all-time high, exceeding 590,000 contracts, The Wall Street Journal said.

Source: http://resourceinvestingnews.com/53630-gold-drops-over-8-in-worst-one-day-decline-since-1983.html

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Monday, 15 April 2013

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Sunday, 14 April 2013

Disappearing nannies force parents to accept their duties

Apr. 12, 2013 ? Large helpers (nannies) in a cichlid fish allow the dominant male and female to reduce their personal contribution to their offspring and territory, according to new research published today in Functional Ecology.

By removing the large helper for 30 days -- which corresponds to one breeding cycle in this species -- a team from the University of Bristol and the University of Bern (Switzerland) studied the investment strategies of the dominant pair and the survival of their brood, while checking for immigration of new helpers.

Dr Rick Bruintjes, NERC Science & Business Marine Renewable Energy Fellow at the University of Bristol described: "In the cichlid Julidochromis ornatus, one large male helper spends almost all of his time close to the breeding shelter, whereas the dominant pair is only around half of their time. By removing the large helper we found that one day after removal the dominants increased territorial duties, however, seven days after removal the initial higher investment was back to pre-removal levels."

Senior statistician Dr Dik Heg from the University of Bern said: "Already after seven days, 36 per cent of the removal groups had a new large subordinate immigrant. Only with a new immigrant large helper did dominants relax their territorial duties, showcasing the benefit of having a large subordinate for the dominant pair."

MSc Zina Heg-Bachar, research assistant at the University of Bern, explained: "Removal of the nanny did not change survival rates of fry and small fish, most likely because the parents and/or the new nanny compensated for the absence of the original nanny."

This study shows the importance of large helpers in allowing the dominant pair to reduce their personal contribution to their offspring. Moreover, it highlights the importance of immigration of new helpers to relieve dominants from carrying out parental behaviours in cooperative breeding systems.

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The above story is reprinted from materials provided by University of Bristol.

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Journal Reference:

  1. Rick Bruintjes, Zina Heg-Bachar and Dik Heg. Subordinate removal affects parental investment, but not offspring survival in a cooperative cichlid. Functional Ecology, 2013

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/JRG3PbkSRWk/130412132405.htm

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Explosive device mailed to "America's Toughest Sheriff:" police

(Reuters) - Arizona police late Thursday intercepted a package containing an explosive device that had been sent to Maricopa County Sheriff Joe Arpaio, known for his hard-line approach, the sheriff's office said.

The package was addressed to the Phoenix office of Arpaio, who calls himself "America's toughest sheriff." It was intercepted by law enforcement in Flagstaff, where it was neutralized by a bomb squad.

Investigators said they have some leads as to who may have sent the package but provided no further details on Friday morning. Officials from the Federal Bureau of Investigation, the Flagstaff police and U.S. postal inspectors are on the case.

Arpaio has been controversial for housing county detainees in a Spartan "Tent City" jail and for sweeps targeting undocumented immigrants in Phoenix.

(Reporting by Scott Malone in Boston; Editing by Steve Orlosky)

Source: http://news.yahoo.com/explosive-device-mailed-americas-toughest-sheriff-police-142022979.html

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Saturday, 13 April 2013

In New Jersey, spared by Sandy but paying the price in taxes

By Hilary Russ

BARNEGAT, New Jersey (Reuters) - Philip Checchia's home in Barnegat, New Jersey, escaped undamaged from Hurricane Sandy in October, but the 67-year-old is bracing for a different kind of storm damage - higher property taxes.

New Jersey home owners already pay the highest taxes in the country, with the revenues going to fund schools, police, firefighters, roads, and building projects. When the value of taxable property drops in one area, the burden often shifts to others to make up the difference.

At the epicenter of the problem is Ocean County, where Checchia lives, and where miles of long, fragile barrier islands bore the brunt of the storm's beating. The storm carved $7 billion out of the total value of the county's taxable property.

"You and I are going to pick up for people that chose to buy houses on the water," Checchia said, sitting on the couch in the small two-story home he shares with his wife and grandson in a tidy, tightly packed middle-class neighborhood. His annual tax bill is already about $4,700 on a house valued at about $170,000 - roughly half what it was worth before the housing market collapsed, he said.

Ocean County saw its tax base - the combined value of all real estate subject to property taxes - dwindle to about $90 billion from $100 billion in 2012, said John C. Bartlett, a local elected official who heads the county finance department.

About $7 billion of that is due to Sandy damage, with the remaining $3 billion stemming from ongoing reassessments after the housing market declined, Bartlett said.

Expensive waterfront houses, some of them vacation homes for retirees, generated a large amount of the revenue that funds local schools and towns. "Thirty percent of our tax base was along the coast," Bartlett said.

Five months after the storm, some communities along the Jersey Shore - famous for its boardwalks, beaches and kitsch - are still struggling to rebuild. Workers are trying to repair wrecked boardwalks in time for summer, and a few houses, knocked off their foundations, still lie on their sides.

New Jersey collected $2,819 of state and local property taxes per capita in 2010, the highest rate of any U.S. state, according to the Tax Foundation, a conservative Washington think tank.

Tax bills that take the new home values into account won't be sent out until August. Many local communities and school districts - which stand to lose significant revenues because of the property damage - haven't yet set their budgets.

It could be years before the full financial impact plays out. Many towns still aren't certain how much they could get from federal recovery reimbursements and loans, and homeowners who feel their properties were overvalued after Sandy can appeal.

"The byzantine nature of our property tax system in New Jersey makes it really hard to calculate what the effect is going to be and how soon it will be felt," said Kenneth Pringle, managing partner of the law firm Pringle Quinn Anzano. Pringle served for 20 years as mayor of the Jersey shore town Belmar, in Monmouth County, until 2010.

New Jersey has struggled to meet revenue expectations and the state unemployment rate is stubbornly high. If the shore isn't ready for summer tourists, the state could lose billions in sales tax revenue. Higher local taxes might worsen the drag by taking money out of consumers' pockets.

DOING THE MATH

While much remains uncertain, local officials are starting to run the numbers.

Toms River, the second biggest town in Ocean County, reports a potential $3 billion loss on its $14 billion taxable property that will likely push its tax base down by more than 20 percent, according to Mayor Thomas Kelaher. At least 10,000 homes, about a quarter of the town's housing stock, were damaged.

That will amount to about a $16 million revenue hit against an annual budget of about $100 million. The town is operating on a temporary emergency budget.

Toms River officials are hoping to get a $5 million federal loan and are still waiting to see how much federal recovery aid they will receive. They also got permission to issue up to $27 million of municipal bonds after the storm just to cover operating expenses, Kelaher said. Toms River is rated Aa2 with a negative outlook by Moody's Investors Service.

"Believe me, the last thing we want to do is raise property taxes," said Kelaher, a Republican.

It's a similar story in other shore towns.

Brick Township is estimating a hit of 5.14 percent to its tax base, or nearly $522 million. That means that the local tax rate would have to increase 2.7 cents to 66.3 cents for every $100 of assessed property just to raise the same $67.5 million in revenue that was raised last year, according to business administrator Scott Pezarras.

Brick, like other municipalities, is applying for a federal community disaster loan to help bridge the revenue gap.

Stafford Township is losing 5.5 percent of its base, said town administrator James Moran. Taxes were slated to rise even before the storm because of increasing costs, including gasoline and healthcare, he said.

With a federal loan, Stafford would be able to absorb the $1.5 million loss in tax revenue from its lowered property values this year, Moran said.

The Jersey shore contains some of the few Republican strongholds in an otherwise largely Democratic state.

But even Republican Governor Chris Christie, who tried last year to cut the state's income tax rate by 10 percent, has conceded that higher taxes might be inevitable after Sandy.

Christie campaigned on a pledge to limit property taxes, and the state legislature passed a 2 percent cap on annual property tax increases in 2010. In November, Christie warned that, by law, towns could exceed the cap if there is a natural disaster.

For residents like Checchia, the question is: How much?

(Reporting by Hilary Russ; Editing by Claudia Parsons)

Source: http://news.yahoo.com/jersey-spared-sandy-paying-price-taxes-095531508.html

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