Saturday, January 28, 2012

Cyprus FinMin says banks won't need gov't help

(AP) ? Cyprus' banks will be able to recapitalize on their own and won't need state support thanks to fiscal measures buttressing the island's financial system, the government said on Saturday.

Cyprus' Finance Ministry said in a statement that the economy has "strong foundations" and added that it will soon unveil a growth-oriented package of measures that it's preparing in partnership with the private sector.

The ministry made its remarks a day after international ratings agency Fitch downgraded the eurozone member by a notch to BBB-, a step above junk status.

Fitch said the downgrade was mainly due to the large Cypriot banking system's heavy exposure to Greek debt and its greater capital needs in light of the higher likelihood that banks will take a hit on Greek government bonds that exceeds 50 percent.

Fitch said Cypriot banks would need to almost double the euro900 million ($1.18 billion) ? or 9.9 percent of gross domestic product ? to build an adequate buffer against losses on their Greek exposure if the "haircut" on Greek government bonds reaches 70 percent.

Standard & Poor's became the first ratings agency to push Cyprus into junk territory with a two-notch downgrade earlier this month. Moody's also rates the island just above junk.

Cyprus government spokesman Stefanos Stefanou on Saturday called the downgrades unfair.

"We consider that the downgrades don't reflect the real state of the Cyprus economy, which is in better shape than many other economies, either in the eurozone or in the European Union in general," he told reporters.

According to the European Commission, the island's deficit is projected to shrink from 6.7 percent of gross domestic product in 2011 to 2.7 percent this year following a string of fiscal consolidation measures including a 2 percent sales tax hike and a two-year public sector wage freeze.

The island's debt is projected to reach 68.4 percent of GDP this year, well below the eurozone average of nearly 87 percent.

But high borrowing costs have effectively locked Cyprus out of the international markets. The island is relying on a euro2.5 billion ($3.29 billion) low-interest loan to meet its financing needs for this year.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-28-EU-Cyprus-Financial-Crisis/id-245774c9f49b40078e6ab0737b5281a5

kindle library lending kindle library lending hp ceo hp ceo r e m gurney gurney

Newt Vs. Reagan, The Sequel (Powerlineblog)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/192253819?client_source=feed&format=rss

dr. oz lingual braces joe mcginniss joan crawford joan crawford kat dennings listeriosis

Friday, January 27, 2012

Some Wash. wheat farmers back labels for GM foods (AP)

YAKIMA, Wash. ? Some Washington state wheat farmers have thrown their support behind legislation requiring labeling of genetically modified foods, giving food safety advocates fresh hope that lawmakers also will get behind the bill.

They haven't been receptive to the idea in the past, and lawmakers at the national level and in more than a dozen states have rejected similar proposals in the past year.

But in an unusual pairing, a handful of Washington wheat farmers have joined so-called "foodies" to back the latest bill, fearing exports will be hurt if and when genetically modified wheat gains federal approval. The U.S. exports half of its wheat, and in Washington, the only bigger export is Boeing Co.'s airplanes.

Biotechnology giants Monsanto and Syngenta have announced plans to begin testing genetically modified wheat, though the product is likely a decade or more from being offered commercially.

Resistance from the European Union and Japan led Monsanto to abandon similar efforts in 2004. Pacific Rim countries haven't historically been friendly to genetically modified products, and they remain the biggest buyers of Washington wheat.

"If we do nothing, we will be destroyed," said Tom Stahl, a fourth-generation farmer in the small town of Waterville, Wash., about 100 miles east of Seattle. "We will lose our markets and that will be devastating for the eastern Washington economy."

Monsanto and Syngenta representatives didn't immediately return messages left after a Thursday hearing on the bill.

Dozens of people testified at a packed Senate committee hearing in Olympia, Wash., where the committee chairman raised concerns about passing a bill that may conflict with federal law.

About 50 countries require genetically modified foods to be labeled, but the U.S. isn't one of them. Only Alaska has enacted legislation at the state level, requiring the labeling of genetically engineered fish and shellfish products.

Supporters said that bill was needed to protect one of Alaska's most lucrative and important industries, though genetically engineered fish are not yet on the market.

The Washington bill would require genetically engineered foods or foods containing genetically engineered ingredients to be labeled with the ingredients listed effective July 1, 2014. The rule would apply to all foods sold in the state, although those in which GM ingredients make up less than half of 1 percent would be exempt.

The federal government's position is that approved genetically modified foods are not substantially different than conventional products. Critics say requiring GM foods to be labeled will increase packaging costs and state spending on enforcement.

More than 90 percent of corn and soybeans in this country are grown from genetically modified seed, said Karen Batra, spokeswoman for the Washington, D.C.-based Biotechnology Industry Association, a trade group that advocates for biotechnology members, including Monsanto and Syngenta.

"Ultimately, you're not providing any meaningful information to consumers, because you end up labeling the majority of products," she said by telephone. "Consumers already have a choice: If they don't want biotech foods, they can buy organic."

Batra declined to speculate on whether opponents would challenge the bill in court if it passed.

Wheat has lagged behind other crops in terms of innovation, and biotechnology offers tools to deal with problems like drought and increase sustainable production, said Jane DeMarchi, the National Association of Wheat Grower's director of government affairs for research and technology.

DeMarchi said in a telephone interview that her group has been talking to people who buy wheat, including those overseas, to determine what they want from U.S. farmers and educate them about genetically modified wheat.

She said she recognized the farmers' concerns but stressed that each one has a choice of what to grow and how to label it.

"We support voluntary labeling of food products, provided it's consistent with U.S. law and trade agreements and that it's truthful and not misleading," she said.

The problem with voluntary labeling is that it puts the burden on companies whose products aren't a problem, said Trudy Bialic, director of public affairs for PCC Natural Markets, the largest consumer owned and operated grocery retailer in the U.S. It supports the bill as a means of educating consumers, preserving the identity of non-GM foods and protecting export sales.

"In my view, a lot of federal law has started at the state level," Bialic said. "This has to start at a state level, because the federal government won't take it up."

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_re_us/us_food_and_farm_gmo_labeling

live oak mark kelly mark kelly jeff goldblum uc berkeley ohio state basketball annie

Engineered bacteria effectively target tumors, enabling tumor imaging potential in mice

ScienceDaily (Jan. 25, 2012) ? Tumor-targeted bioluminescent bacteria have been shown for the first time to provide accurate 3-D images of tumors in mice, further advancing the potential for targeted cancer drug delivery, according to a study published in the Jan. 25 issue of the online journal PLoS ONE.

The specially engineered probiotic bacteria, like those found in many yogurts, were intravenously injected into mice with tumors, after which the researchers took full body bioluminescent images. The 3-D images revealed information about the number and location of the bacteria, to the level of precisely revealing where within the tumor the bacteria were living, providing much more information on the interaction of bacteria and tumors than was previously available using similar two-dimensional imaging methods.

According to the authors, led by Mark Tangney of University College Cork in Ireland, "before now, researchers used luminescence to provide an approximation of where a test organism was within the body, and would then follow up with multiple further experiments using different techniques to try to find a precise location."

This new research suggests that such bacteria can be engineered to contain diagnostic or therapeutic agents that would be produced specifically within the tumor for targeted treatment.

Recommend this story on Facebook, Twitter,
and Google +1:

Other bookmarking and sharing tools:


Story Source:

The above story is reprinted from materials provided by Public Library of Science.

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


Journal Reference:

  1. Michelle Cronin, Ali R. Akin, Sara A. Collins, Jeff Meganck, Jae-Beom Kim, Chwanrow K. Baban, Susan A. Joyce, Gooitzen M. van Dam, Ning Zhang, Douwe van Sinderen, Gerald C. O'Sullivan, Noriyuki Kasahara, Cormac G. Gahan, Kevin P. Francis, Mark Tangney. High Resolution In Vivo Bioluminescent Imaging for the Study of Bacterial Tumour Targeting. PLoS ONE, 2012; 7 (1): e30940 DOI: 10.1371/journal.pone.0030940

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/~3/8zkKz8QFODQ/120125172319.htm

amy schumer ascii art ascii art andrew mason once in a blue moon gwar guitarist gwar guitarist

Thursday, January 26, 2012

Egypt bans a number of Americans from leaving

Protesters fill Tahrir Square after sundown in Cairo, Egypt, Wednesday, Jan. 25, 2012. Tens of thousands of Egyptians rallied Wednesday to mark the first anniversary of the country's 2011 uprising, with liberals and Islamists gathering on different sides of Cairo's Tahrir Square in a reflection of the deep political divides that emerged in the year since the downfall of longtime leader Hosni Mubarak.(AP Photo/Nasser Nasser)

Protesters fill Tahrir Square after sundown in Cairo, Egypt, Wednesday, Jan. 25, 2012. Tens of thousands of Egyptians rallied Wednesday to mark the first anniversary of the country's 2011 uprising, with liberals and Islamists gathering on different sides of Cairo's Tahrir Square in a reflection of the deep political divides that emerged in the year since the downfall of longtime leader Hosni Mubarak.(AP Photo/Nasser Nasser)

A video presentation on families of those killed in clashes with Egyptian security forces is broadcast in Tahrir Square after sundown in Cairo, Egypt, Wednesday, Jan. 25, 2012. Tens of thousands of Egyptians rallied Wednesday to mark the first anniversary of the country's 2011 uprising, with liberals and Islamists gathering on different sides of Cairo's Tahrir Square in a reflection of the deep political divides that emerged in the year since the downfall of longtime leader Hosni Mubarak.(AP Photo/Nasser Nasser)

Egyptians gather in Tahrir Square to mark the first anniversary of the popular uprising that unseated President Hosni Mubarak for in Cairo, Egypt, Wednesday, Jan. 25, 2012. Tens of thousands of Egyptians rallied Wednesday to mark the first anniversary of the country's 2011 uprising, with liberals and Islamists gathering on different sides of Cairo's Tahrir Square in a reflection of the deep political divides that emerged in the year since the downfall of longtime leader Hosni Mubarak.(AP Photo/Khalil Hamra)

Egyptian women chant slogans during the first anniversary of the popular uprising that unseated President Hosni Mubarak for in Tahrir Square, Cairo, Egypt, Wednesday, Jan. 25, 2012. Tens of thousands of Egyptians rallied Wednesday to mark the first anniversary of the country's 2011 uprising, with liberals and Islamists gathering on different sides of Cairo's Tahrir Square in a reflection of the deep political divides that emerged in the year since the downfall of longtime leader Hosni Mubarak.(AP Photo/Khalil Hamra)

(AP) ? Egypt has banned the son of U.S. Transportation Secretary Ray LaHood and a number of other Americans from leaving the country as tensions rise over moves by Egyptian authorities to restrict the work of international rights organizations.

The State Department's top human right official, Michael Posner, told reporters in Cairo that the apparent campaign against pro-democracy groups raised concerns about Egypt's transition to democracy after Hosni Mubarak's ouster and warned it could affect future assistance to Egypt, one of the largest recipients of U.S. aid.

Sam LaHood, who heads the International Republican Institute in Egypt, was recently kept from boarding a flight out of Egypt. LaHood's father, a former congressman from Illinois, is transportation secretary and the most prominent Republican in President Barack Obama's administration.

The IRI was one of 10 organizations raided last month by Egyptian security forces, who carried off computers and boxes of files and interrogated staff members. The U.S. and the U.N. denounced the raids, but the Egypt defended them as part of a legitimate investigation into whether the groups were operating legally in Egypt.

Posner, who was in Cairo as part of a regional tour, did not give specifics about the Americans who have been barred from leaving Egypt, but he linked it to cases being investigated by Egyptian courts.

He spoke of the "difficult environment" for non-governmental organizations in Egypt and called on authorities to "redress this situation."

"All need to have the ability to operate freely, not constrained by the content of their work," he said.

Posner also pointed to recent U.S. legislation requiring Egypt to verify certain benchmarks during its transition to democracy in order to continue to receive American aid.

The future of American aid to Egypt has come under greater scrutiny since Mubarak was forced out of power on Feb. 11 after 18-days of mass protests last year. A council of top generals has ruled the country since, and the country's first elected parliament since the uprising was seated this week. Its domination by Islamists has raised concerns in some circles that the new government could seek changes in Egypt's peace treaty with Israel.

Posner said that antidemocratic moves inside the country could affect aid as well.

"Obviously, any action that creates tension between our governments makes the whole package more difficult," he said.

It remains unclear how many Americans or other non-Egyptians are on the list.

Lisa Hughes, country director of the Egypt office of the National Democratic Institute, said Egyptian authorities have said that six staffers at her organization are on the list, three Americans and three Serbs.

Hughes, who is on the list, was planning fly home to the U.S. next month, she said. Her organization was also raided in December.

"I think we would be silly not to be concerned," she said. "We were concerned the moment armed men showed up at our office door, and this has done nothing to calm those concerns."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-01-26-ML-Egypt/id-cab954cadfb94672a98bca6500220c0f

lindsey vonn josef stalin kourtney and kim take new york anne hathaway nathan hale kohls coupons joe kapp

Wednesday, January 25, 2012

Europe's top clubs report rising losses in 2010

By GRAHAM DUNBAR

updated 7:28 a.m. ET Jan. 25, 2012

NYON, Switzerland - UEFA says Europe's top soccer clubs collectively lost more than $2 billion in 2010, and their debts keep rising ahead of planned rules to sanction clubs for overspending.

UEFA analysis of around 650 clubs revealed 56 percent lost money in the 2010 financial year, and their total debt was $10.9 billion.

UEFA general secretary Gianni Infantino said it was "a last wake-up call" with clubs subject to UEFA's financial fair play monitoring since July 2011.

UEFA's study showed clubs' combined annual loss rose 36 percent, around $520 million, on 2009 figures.

This was despite rising revenues totaling $16.6 billion for top-tier European clubs, an increased income of 6.6 percent.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


advertisement

Reuters
That's a reason?

AC Milan's Kevin-Prince Boateng is hurt again, and his girlfriend says it's because they have sex "7-10 times a week." Oh.

Source: http://nbcsports.msnbc.com/id/46129048/ns/sports-soccer/

lamarcus aldridge joe johnson jeremy renner sacramento kings portland trail blazers leah messer justin timberlake engaged

Simon Cowell breaks off engagement

Simon Cowell's trip down the aisle is getting postponed.

In an interview with UK newspaper the Daily Mirror, the "X Factor" judge reveals that he and his fiancee, Mezhgan Hussainy, are taking a break from both their relationship and their wedding plans.

PHOTOS: See which Idol alums are engaged or have kids

"It's quite a complicated relationship. We have had a break from each other, and we are still incredibly close," the 52-year-old Brit explains in Sunday's Mirror . "I'm vulnerable. It's not on, it's not off, it's somewhere in the middle. I don't know if I will ever get married, but I am happy."

  1. More Entertainment stories
    1. Exclusive peek: B.H. 'Housewives' wedding finale

      The show has given viewers little glimpses of Pandora's wedding through the season, but we have an exclusive clip of the f...

    2. 'Princess Bride' remake?? Inconceivable!
    3. On Megan Fox Island, you better know English
    4. Late-night 'Idol' guest? Jim Carrey's daughter
    5. Dr. Drew gets juiced up on 'Lifechangers'

PHOTOS: Celebrity engagements

Cowell and Hussainy met on the set of American Idol in 2003, where she was working as a makeup artist, and the couple got engaged in February 2010. At the time, Cowell, who's known for his emotionless demeanor, made it clear that he was very much over the moon.

"I'm smitten with Mezghan, I think she's the one," he gushed to the British TV host Piers Morgan. "She's very special...You know when you've found somebody very special."

PHOTOS: Revisit Simon's last season on Idol

But in Sunday's Mirror, Cowell alludes that the spark has fizzled out and he's regretting his remarks from two years ago.

Addressing his heartfelt quip on "Piers Morgan," Cowell says, "I have been pretty good about not talking about my private stuff, but I got caught up in the moment."

Copyright 2012 Us Weekly

Source: http://today.msnbc.msn.com/id/46095115/ns/today-entertainment/

htc flyer tablet htc flyer tablet hank williams bruins steve jobs stanford commencement speech black star joan baez