Thursday, March 28, 2013

Oil little changed, natural gas steady above $4

NEW YORK (AP) ? The price of oil was little changed Thursday, while natural gas was steady a day after closing above $4 for the first time in a year and a half.

In morning trading in New York, benchmark oil for May delivery was up 12 cents to $96.70 a barrel. Oil has gained more than $4 in less than a week, driven by signs of strength in the U.S. economy.

Natural gas futures were unchanged. Wednesday's close at $4.07 per 1,000 cubic feet was the first above $4 since Sept. 14, 2011.

There are signs the U.S. is whittling away at the glut of supply that built up over the past few years and pushed natural gas prices down to 10-year lows. Data released by the Energy Department Thursday show inventories are about 27 percent below year-ago levels, although still about 4 percent above the five-year average.

The oil market was tempered by caution as Cypriot banks reopened for the first time since March 16. The banks were shut as political leaders negotiated an emergency bailout to prevent a banking collapse. The contentious deal reached Monday will force losses on bigger depositors, which many analysts have said could spark a crisis of confidence in banking across the 17 countries that use the euro.

No disturbances were reported as people across Cyprus formed long but orderly lines at ATMs and banks.

Brent crude, used to price many kinds of oil imported by U.S. refineries, was down 31 cents to $109.38 a barrel on the ICE Futures exchange in London.

In other energy futures trading on the Nymex:

? Wholesale gasoline fell 1 cent to $3.10 a gallon.

? Heating oil was flat at $3.04 a gallon.

___

Pamela Sampson in Bangkok and Pablo Gorondi in Budapest contributed to this report.

Source: http://news.yahoo.com/oil-little-changed-natural-gas-steady-above-4-151551022--finance.html

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Friday, March 8, 2013

Radar reveals traces of Martian mega-flood

NASA / MOLA / Smithsonian

Mars' 600-mile Marte Vallis channel system is filled with young lavas that obscure the source of the channels. This map shows Marte Vallis against the background of an elevation map of the planet, based on readings from the Mars Orbiter Laser Altimeter on NASA's Mars Global Surveyor.

By Alan Boyle, Science Editor, NBC News

A 3-D reconstruction of structures beneath the surface of Mars shows the 600-mile-wide footprint of a mega-flood that carved deep channels into the planet within the past 500 million years, scientists say.

Since that time, the evidence of the flood in a region known as Marte Vallis has been covered over by fresher lava flows. But a team of researchers pieced together the evidence by analyzing readings from a ground-penetrating radar instrument aboard NASA's Mars Reconnaissance Orbiter. The analysis was laid out Thursday on the journal Science's website.


"Our findings show that the scale of erosion was previously underestimated, and that channel depth was at least twice that of previous approximations," lead author Gareth Morgan, a geologist at the Smithsonian Institution's Center for Earth and Planetary Studies, said in a news release. "The source of the floodwaters suggests?they originated from a deep groundwater reservoir and may have been released by local tectonic or volcanic activity. This work demonstrates the importance of orbital sounding radar in understanding how water has shaped the surface of Mars."

Over the past decade and a half, missions to Mars have provided ample evidence that the planet was once warmer and wetter than it is today. However, scientists say the most recent outflows of water came in brief, catastrophic bursts rather than as steady streams. The newly published research is consistent with that view.

Morgan and his colleagues used the orbiter's Italian-built Shallow Radar sounder, or SHARAD, to put Mars' subsurface geology through the radar equivalent of a CT scan. They found that the boundaries between the layers of fresher lava and the underlying rock traced a network of buried channels. The patterns and depths of those channels were characteristic of the canyons that would be cut by flowing water. Lots of flowing water.

The depth of the main channel was estimated at 226 to 371 feet (69 to 113 meters). "This is comparable with the depth of incision of the largest known megaflood on Earth, the Missoula floods, responsible for carving the Channeled Scabland of the northwestern United States," the researchers wrote.?

The Missoula floods occurred 12,000 to 18,000 years ago, due to a post-Ice Age warming trend, and discharged dammed-up water at a rate ranging up to 2.6 billion gallons per second. Morgan and his colleagues traced the Martian mega-flood to a radically different type of source: a fracture system in Mars' Cerberus Fossae region that apparently opened up to release water from miles beneath the Red Planet's surface. "It was a big crack in the ground, basically," Morgan told NBC News.

Smithsonian / NASA / JPL-Caltech / Sapienza Univ. of Rome / MOLA / USGS

A 3-D visualization shows the buried Marte Vallis channels. Marte Vallis consists of multiple perched channels formed around streamlined islands. These channels feed a deeper and wider main channel. The surface has been elevated and scaled by a factor of 1/100 for clarity. The area covered by this visualization is outlined by dotted lines in the global map above.

NASA / Goddard / Anna Brunner

NASA interns look down on Frenchman Springs Coulee in Washington state's Channeled Scablands. Researchers say the Martian mega-flood cut channels similar to those created thousands of years ago in the Channeled Scablands.

SHARAD's depth readings suggest that the channels had to have been cut somewhere between 10 million and 500 million years ago. Morgan said that makes the mega-flood channels "much younger" than the geological features being studied by NASA's Curiosity rover in a different region of Mars. Curiosity's science team wants to find out whether Mars had liquid water and the other conditions conducive for life 3 billion years to 4 billion years ago. On the surface, at least, those conditions were long gone by the time the Cerberus Fossae mega-flood washed over Marte Vallis.

More about Mars:


Alan Boyle is NBCNews.com's science editor. Connect with the Cosmic Log community by "liking" the log's?Facebook page, following?@b0yle on Twitter?and adding the?Cosmic Log page?to your Google+ presence. To keep up with Cosmic Log as well as NBCNews.com's other stories about science and space, sign up for the Tech & Science newsletter, delivered to your email in-box every weekday. You can also check out?"The Case for Pluto,"?my book about the controversial dwarf planet and the search for new worlds.

Source: http://cosmiclog.nbcnews.com/_news/2013/03/07/17225462-radar-reveals-traces-of-monstrous-martian-flood-millions-of-years-ago?lite

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Thursday, March 7, 2013

Apple's Tim Cook Met With Beats To Talk About The Company's ...

Apple CEO Tim Cook met with Beats Electronics CEO Jimmy Iovine in L.A. in late February, according to a report from Reuters today. The news comes just as Beats project ?Daisy,? a streaming music service built by Beats, is being spun off as a separate company by the audio electronics maker, with the help of a $60 million investment round. Apple was interested in Daisy, including its business plan and rollout, Reuters said.

Apple?s Eddy Cue, who is in charge of Internet Software and Services at the company (including the iTunes Store, iCloud and more) also attended the meeting, according to the report. It was an ?information? gathering meeting, Reuters? source says, with the intent of finding out how project Daisy plans to stand apart from Spotify, Pandora, Rdio and others. Iovine had previously said in an interview with AllThingsD that he?d pitched a streaming music service to then-CEO Steve Jobs back in 2003, but that Jobs wanted to wait to get record companies to lower their licensing fees.

Daisy is set to launch toward the end of 2013, according to a press release issued yesterday documenting the company?s spin-off from Beats. The company has some strong industry backing, including the involvement of Dr. Dre, Jimmy Iovine, Trent Reznor and CEO Ian Rogers. It?ll benefit from Beats??acquisition?of music streaming service MOG, which was purchased in 2012 for $14 million, too. All these and the sizeable initial funding should make Daisy a strong competitor for existing services like Pandora and Spotify out of the gate.

For Apple, it sounds on the surface like this was little more than a fact-finding mission. The iPhone-maker has been rumored to have been developing its own streaming music service for years now, and its recent moves with iCloud and iTunes Match seem to indicate it sees the value in streaming media. Digital music sales (of which iTunes makes up the lion?s share) also grew this year for the first time since 1999, with Apple accounting for?around?60 percent of those, so the company is hardly at a do-or-die when it comes to streaming music services.

There are reports that Google is looking to do something with a Spotify-style streaming service via YouTube, which itself could prompt Apple to look harder at the idea, and might help explain why it wanted to set up a meet with Beats so quickly following Daisy?s initial reveal.

Apple could be feeling out Daisy to see if it makes sense as an acquisition target ? Cook freely admitted back in February that Apple?s acquisition strategy could extend to larger companies with more complete product offerings, but in general, he said it?s about?finding?the talent needed to push Apple?s own projects forwards. There?s also the possibility that Apple will go the way of forming a formal partnership with a single provider, but that would be tricky in the long run in terms of working out a revenue arrangement that satisfies all involved. It would get around the big problem around outright acquisition of a streaming service, however, as licensing deals often don?t come along with other company assets in those situations.

It?s early to draw any conclusions from this meeting, beyond the simple one that Apple is very keen on the streaming music space and paying close attention to major news in that area. Not everyone gets a visit from Apple?s CEO and the man in charge of its digital media storefronts, after all, a pair that you can be sure does very little without specific intent.


Beats Electronics, a company best known for its Beats by Dr. Dre line of headphones.

? Learn more

Source: http://techcrunch.com/2013/03/06/apples-tim-cook-met-with-beats-to-talk-about-the-companys-new-daisy-streaming-music-service/

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Charlene Obernauer: Hate the Fare Hike? Act Now to Stop Another in 2015

Transit riders are feeling the pinch of the recent MTA fare hike and are looking for someone to blame. Some are pointing their fingers at MTA executives for their $250,000+ salaries; others are blaming transit workers, who earn an honest living of around $60,000 a year. Riders' anxiety is understandable, as fare hikes cost $200 every year and there's no end in sight.

Since the recession hit, the MTA raised the fares four times. The first was in 2008 to match the rate of inflation with a 3.9 percent hike. The MTA has been taking out loans for years to pay for expansion projects and other capital investments. But just like a credit card bill, debt eventually needs to be paid off. And in the MTA's case, their debt service has a balloon-type borrowing program that goes up every year. The big banks -- you know, the folks who caused the recession -- got bailed out by the Federal Government with 0 percent interest loans.

But the MTA is busting its budget to pay off their debt, which is about 17 percent of its general operating expenses, with interest rates at about 4.5 percent. As the MTA's debt continues to increase, so do the fares, with the last two hikes coming in at three times the rate of inflation. If the big banks can get zero interest loans from the Federal Government, can't the publicly subsidized MTA get a better deal?

All across the country, cities and transit authorities are suing big banks because of their manipulation of LIBOR, or the London interbank rate, which has been the standard for determining lending rates for millions of loans. The MTA could do the same, renegotiate a better interest rate, and stop allocating so much of its budget every year to paying off their debt.

Meanwhile, transit advocates are calling on the state and city to fork up more money for public transit, as they've been systematically defunding the MTA since the mid-1990s. Despite recent fare hikes, Governor Andrew Cuomo's 2013 budget diverted $20 million from the MTA, and New York City is allocating just $160 million per year towards the MTA's budget--which is less than Mayor Koch allocated in the late '80s. A fair investment from both the city and state would significantly lessen the rider's burden of rising transit costs.

Finally, the Transportation Infrastructure Bond Act, which would repair existing road and bridge infrastructure and invest $770 million in the MTA's five-year capital plan, has been introduced in the New York State Assembly. Not only could the bill create good jobs, but it would be a boost to the economy.

None of these solutions are going to be easy wins, and none of them are going to be complete fixes. But we can't scapegoat the honest salaries and earned benefits of hardworking people. And we can't let the right-wing use these recent fare hikes as an opportunity to privatize public transit, which will just lead to more fare hikes and service cuts. Instead, let's focus our energy on advocating for an affordable and equitable mass transit system, because if we want to prevent fare hikes in 2015, we need to start now.

?

Follow Charlene Obernauer on Twitter: www.twitter.com/charlene_amber

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Source: http://www.huffingtonpost.com/charlene-obernauer/mta-fare-hike_b_2804027.html

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St. Mark's finishes winter sports season on a high note

by susan on March 6, 2013

Post image for St. Mark?s finishes winter sports season on a high note

Above: St. Mark?s boys hockey celebrated a big win over Groton to cap off their season
(contributed photo)

St. Mark?s wrapped up its winter sports season last month with five wins over rival Groton. The school sent along this recap of the victories:

On February 23, St. Mark?s traveled to Groton to play six games, and the Lions defeated the Zebras in five of them. During the winter season, St. Mark?s went 8-6-1 against Groton.

Varsity boys? basketball defeated Groton 54-40 on Saturday, finishing the year with a record of 11-9, for the 16th consecutive winning season for the program. The St. Mark?s Varsity girls? basketball team also won against Groton by a score of 52-41, earning their first ISL win of the season. JV girls? basketball dominated their hosts 31-12, while JV boys? basketball suffered the only loss of the afternoon: a close 32-39 thriller. Varsity girls? ice hockey also was victorious, shutting out Groton 3-0.

The most exciting win came fromVarsity boys? ice hockey, scoring two goals in the final minute of play to take home a 4-3 win. The Lions defeated Groton in an earlier game this season. Earlier in the month, 3rds boys? basketball, JV girls? hockey, and 3rds girls? squash all registered victories over Groton to cap their respective winning campaigns.

Highlights:

  • 3rds boys? basketball, win over Groton
  • Varsity girls? hockey, 3-0 win over Groton
  • JV girls? hockey, 4-2 win over Brooks
  • Varsity boys? hockey, 4-1 win over St. George?s; 4-3 win over Groton
  • JV boys? hockey, 4-2 win over Tabor
  • Varsity girls? basketball, 52-41 win over Groton
  • JV girls? basketball, win over Groton
  • Varsity boys? basketball, win over Groton
  • JV boys? basketball, 53-50 win over Brooks
  • JV girls? squash, 5-2 win over Pomfret

Source: http://www.mysouthborough.com/2013/03/06/st-marks-finishes-winter-sports-season-on-a-high-note/

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Wednesday, March 6, 2013

Slickdeals' best in tech for March 6th: Canon EOS Rebel T4i and 3TB Seagate external hard drive

Looking to save some coin on your tech purchases? Of course you are! In this round-up, we'll run down a list of the freshest frugal buys, hand-picked with the help of the folks at Slickdeals. You'll want to act fast, though, as many of these offerings won't stick around long.

Slickdeals' best in tech for March 6th: Canon Rebel T4i and 3TB Seagate external hard drive

If you've been looking to splurge for a DSLR, today's list may have something for you. A Canon EOS Rebel T4i tops today's roundup and a 3TB Seagate Expansion hard drive tags along to store all of those upcoming snapshots. Take the leap past the break to see the rest, but if you hold out too long, these discounts could disappear.

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Source: Slickdeals

Source: http://www.engadget.com/2013/03/06/slickdeals-best-in-tech-for-march-6th/

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Frito-Lay loses suit over bowl-shaped tortilla chips

ST. LOUIS-- A jury has sided with a St. Louis company in its battle with Frito-Lay over bowl-shaped tortilla chips.

Frito-Lay sued St. Louis-based Ralcorp Holdings in February 2012 in U.S. District Court in Dallas, claiming Ralcorp and its Medallion Foods subsidiary infringed on intellectual property rights by making Bowlz corn chips, a product similar to Frito-Lay's Tostitos Scoops! chips.

Frito-Lay was seeking $4.5 million in damages.

But on Friday, the jury sided with Ralcorp and Medallion and gave Frito-Lay no money.

A spokseman for Plano, Texas-based Frito-Lay says the company is disappointed in the ruling and considering whether to appeal.

Ralcorp predominantly makes food sold under store brand names. It is now part of ConAgra Foods Inc. The Omaha, Neb., company completed its $5 billion purchase in January.

Source: http://www.nbcnews.com/business/frito-lay-loses-suit-over-bowl-shaped-tortilla-chips-1C8692740

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