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Wednesday, July 31, 2013
Full body illusion is associated with a drop in skin temperature
[unable to retrieve full-text content]Researchers used virtual reality technology with a specialized robotic system to test what happens when the mind is tricked into identifying with another body.
Asheville pair arrested in church theft
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Source: http://www.citizen-times.com/article/20130731/NEWS01/130731003/1001/NEWS
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Kansas City Mayor Sly James says he and several others are traveling to Boston i...
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JP Morgan to pay $410 Million for manipulating California energy market
JP Morgan to pay $410 Million for manipulating California energy market
JP Morgan Ventures Energy Corporation, a unit of the giant New York banking company JP Morgan Chase & Co., has agreed to pay a fine and refund ?unjust? profits totaling $410 million, the federal government says.
WASHINGTON, D.C.
July 30, 2013
11:43am
?? Engaged in manipulative bidding strategies
?? Wringing money out of old power plants
JP Morgan Ventures Energy Corporation, a unit of the giant New York banking company JP Morgan Chase & Co., has agreed to pay a fine and refund ?unjust? profits totaling $410 million, the federal government says.
That, says the Federal Energy Regulatory Commission, will settle its complaint that the Morgan unit manipulated the California and Michigan electric markets from September 2010 through November 2012.
FERC investigators determined that JP Morgan Ventures Energy Corporation engaged in 12 manipulative bidding strategies designed to make profits from older power plants that were usually out of the money in the marketplace because they were inefficient.
FERC investigators further determined that JPMVEC knew that the California Independent System Operator and the Midcontinent Independent System Operator received no benefit from making inflated payments to the company, thereby defrauding the ISOs by obtaining payments for benefits that the company did not deliver beyond the routine provision of energy.
FERC investigators also determined that JPMVEC?s bids displaced other generation and altered day ahead and real-time prices from the prices that would have resulted had the company not submitted the bids.
Under the agreement, JPMVEC will pay a civil penalty of $285 million to the U.S. Treasury and disgorge $125 million in unjust profits. The first $124 million of the disgorged profits will go to ratepayers in the California Independent System Operator, which operates the California electricity market. The other $1 million will go to ratepayers in the Midcontinent Independent System Operator.
JP Morgan Ventures Energy Corporation admits the facts set forth in the agreement, but neither admits nor denies the violations, says FERC. The company did, however, agree to waive claims for additional payments from the California ISO relating to two of the strategies under investigation.
JP Morgan Ventures Energy Corporation also will conduct a comprehensive assessment by outside counsel of its policies and practices in the power business.
The case stems from multiple referrals to FERC from the California ISO and MISO market monitors in 2011 and 2012 regarding JP Morgan Ventures Energy Corporation?s bidding practices. These practices were the subject of four emergency tariff filings by the California ISO and MISO, each of which was approved by the Commission.
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Monday, July 29, 2013
Scientists from Mainz and Antananarivo describe Lavasoa Dwarf Lemur as new primate species
![[ Back to EurekAlert! ]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vSH7xRJ4rIzHxdH0NcQFXbdnVmYTBT90Qs7yV4QTIgovslqqT3uf3tz-YxpCfcKIea6ciLpKYTamufuXINnJjWrhXMyPLV1h2HpuV254E=s0-d){kind=small}
Public release date: 29-Jul-2013[ | E-mail |
Share ] Contact: Dr. Andreas Hapke
ahapke@uni-mainz.de
49-613-139-22723
Johannes Gutenberg Universitaet Mainz
Diversity of dwarf lemur species previously underestimated
The island of Madagascar harbors a unique biodiversity that evolved due to its long-lasting isolation from other land masses. Numerous plant and animal species are found solely on Madagascar. Lemurs, a subgroup of primates, are among the most prominent representatives of the island's unique fauna. They are found almost exclusively on Madagascar. The only exceptions are two species of the genus Eulemur that also live on the Comoros Islands, where they probably have been introduced by humans. Thanks to extensive field research over the past decades, numerous previously unknown lemur species have been discovered. Dwarf lemurs in turn received relatively little attention to date and the diversity within this genus is still not well known. Researchers of the universities of Mainz and Antananarivo have investigated lemur populations in southern Madagascar. Based on fieldwork and laboratory analyses, they now identified a previously unknown species of dwarf lemur. The findings of the research project have recently been published in the journal Molecular Phylogenetics and Evolution.
"Together with Malagasy scientists, we have been studying the diversity of lemurs for several years now," said Dr. Andreas Hapke of the Institute of Anthropology at Johannes Gutenberg University Mainz (JGU). "It is only now that we were able to determine that some of the animals examined represent a previously unknown species." The newly described Lavasoa Dwarf Lemur (Cheirogaleus lavasoensis) inhabits three isolated forest fragments in the extreme south of Madagascar. According to current knowledge, it does not occur outside this area. The exact population size is unknown. Preliminary estimates indicate that there are less than 50 individuals remaining. The Lavasoa Dwarf Lemur is thus rare and extremely endangered.
The lifestyle of dwarf lemurs makes them extremely difficult to study as these nocturnal forest dwellers often remain in the upper parts of the forest canopy. Moreover, they hibernate for several months during the austral winter. Their main period of activity is the rainy season, when many of the forests they inhabit are virtually inaccessible to scientists. Nevertheless, the researchers were able to carefully capture a total of 51 dwarf lemurs in live traps at nine locations for this study and to take minute tissue samples before releasing the animals back into their natural habitat.
The tissue samples were subjected to molecular-genetic analyses at the Institute of Anthropology at Mainz University. The data generated through the process were then compared with data already published by other research groups. "The new data from southern Madagascar enabled us to significantly enlarge existing datasets," explained Dana Thiele of the JGU Institute of Anthropology. "We then used extensive data analyses to examine the genetic diversity in two closely related lemur genera, the mouse lemurs (Microcebus) and the dwarf lemurs (Cheirogaleus). The comparison showed that the species diversity of dwarf lemurs is greater than previously thought."
Andreas Hapke and Refaly Ernest, working as a local field assistant for the project, had discovered the first individuals of the Lavasoa Dwarf Lemur during a field study in Madagascar in 2001. Few genetic data from other parts of the island were available for comparison at that time. The animals were thus initially assigned to an already known species, Cheirogaleus crossleyi. Only now it was possible to ascertain that the Lavasoa Dwarf Lemur is a distinct species.
###
[ | E-mail | Share ] ?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Public release date: 29-Jul-2013[ | E-mail |
Share ] Contact: Dr. Andreas Hapke
ahapke@uni-mainz.de
49-613-139-22723
Johannes Gutenberg Universitaet Mainz
Diversity of dwarf lemur species previously underestimated
The island of Madagascar harbors a unique biodiversity that evolved due to its long-lasting isolation from other land masses. Numerous plant and animal species are found solely on Madagascar. Lemurs, a subgroup of primates, are among the most prominent representatives of the island's unique fauna. They are found almost exclusively on Madagascar. The only exceptions are two species of the genus Eulemur that also live on the Comoros Islands, where they probably have been introduced by humans. Thanks to extensive field research over the past decades, numerous previously unknown lemur species have been discovered. Dwarf lemurs in turn received relatively little attention to date and the diversity within this genus is still not well known. Researchers of the universities of Mainz and Antananarivo have investigated lemur populations in southern Madagascar. Based on fieldwork and laboratory analyses, they now identified a previously unknown species of dwarf lemur. The findings of the research project have recently been published in the journal Molecular Phylogenetics and Evolution.
"Together with Malagasy scientists, we have been studying the diversity of lemurs for several years now," said Dr. Andreas Hapke of the Institute of Anthropology at Johannes Gutenberg University Mainz (JGU). "It is only now that we were able to determine that some of the animals examined represent a previously unknown species." The newly described Lavasoa Dwarf Lemur (Cheirogaleus lavasoensis) inhabits three isolated forest fragments in the extreme south of Madagascar. According to current knowledge, it does not occur outside this area. The exact population size is unknown. Preliminary estimates indicate that there are less than 50 individuals remaining. The Lavasoa Dwarf Lemur is thus rare and extremely endangered.
The lifestyle of dwarf lemurs makes them extremely difficult to study as these nocturnal forest dwellers often remain in the upper parts of the forest canopy. Moreover, they hibernate for several months during the austral winter. Their main period of activity is the rainy season, when many of the forests they inhabit are virtually inaccessible to scientists. Nevertheless, the researchers were able to carefully capture a total of 51 dwarf lemurs in live traps at nine locations for this study and to take minute tissue samples before releasing the animals back into their natural habitat.
The tissue samples were subjected to molecular-genetic analyses at the Institute of Anthropology at Mainz University. The data generated through the process were then compared with data already published by other research groups. "The new data from southern Madagascar enabled us to significantly enlarge existing datasets," explained Dana Thiele of the JGU Institute of Anthropology. "We then used extensive data analyses to examine the genetic diversity in two closely related lemur genera, the mouse lemurs (Microcebus) and the dwarf lemurs (Cheirogaleus). The comparison showed that the species diversity of dwarf lemurs is greater than previously thought."
Andreas Hapke and Refaly Ernest, working as a local field assistant for the project, had discovered the first individuals of the Lavasoa Dwarf Lemur during a field study in Madagascar in 2001. Few genetic data from other parts of the island were available for comparison at that time. The animals were thus initially assigned to an already known species, Cheirogaleus crossleyi. Only now it was possible to ascertain that the Lavasoa Dwarf Lemur is a distinct species.
###
[ | E-mail | Share ] ?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Source: http://www.eurekalert.org/pub_releases/2013-07/jgum-sfm072913.php
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TripAdvisor Beats Earnings Estimates in Q2
TripAdvisor Inc. (TRIP) reported adjusted second quarter 2013 earnings of 47 cents per share, beating the Zacks Consensus Estimate of 41 cents on higher revenues. The adjusted earnings per share exclude one-time items but include stock-based compensation expense.
Revenues
TripAdvisor reported revenues of $246.9 million in the second quarter, up 25.3% from the year-ago period. The increase was driven by continued strong hotel shopper growth and strength across product suite. Related-party revenues from Expedia Inc. (EXPE) totaled $54.3 million, down 2.5% year over year.
Revenues by Product
Revenues from Click-based advertising were $182.8 million, up 21% from the year-ago quarter and represented 74% of total revenue. Revenues from Display-based advertising were $31.4 million, up 18% year over year, and comprised 13% of total revenue. Subscription, transaction and other revenues totaled $32.7 million, up 68% year over year, and represented 13% of total revenue.
Revenues by Geography
Geographically, on a year-over-year basis, Americas (North America and Latin America) totaled $143.5 million, representing 59.0% of revenues. Revenues from the EMEA (Europe, Middle East and Africa) region were $73.4 million, constituting 30% of total revenue, while revenues from the Asia-Pacific region totaled $30.0 million, representing 12.0% of total revenue.
Operating Results
TripAdvisor reported operating expenses of $140.1 million, up 34.6% from $104.1 million incurred in the year-ago quarter. General & administrative, selling & marketing expense, and technology & content expenses, all were up as a percentage of sales from the year-ago quarter. The net result was a GAAP operating margin of 38.1% compared with 42.5% in the year-ago quarter.
Reported pre-tax income was $89.9 million, up from $76.7 million in the year-ago quarter. Pre-tax margin decreased 250 basis points year over year to 36.4%.
On a GAAP basis, TripAdvisor recorded a net profit of $67.0 million or 46 cents per share compared with $53.0 million or 37 cents per share in the year-ago quarter.
TripAdvisor generated adjusted net profit of $68.2 million compared with $54.2 million in the year-ago quarter. Pro forma earnings per share came in at 47 cents compared with 38 cents in the last quarter.
Balance Sheet & Cash Flow
TripAdvisor exited the second quarter with cash, cash equivalents and short-term investments of approximately $396.1 million versus $406.2 million in the prior quarter. Accounts receivables were $138.0 million, up from $113.3 million in the prior quarter.
Cash flow from operations was $89.6 million versus $61.8 million in the year-ago quarter. Capex was $14.3 million versus $5.9 million in the year-ago quarter. Free cash flow increased 34.9% year over year to $75.3 million.
Our Take
Tripadvisor, Inc. is an online travel research company, which continues to witness robust top-line growth in every quarter. The company delivered a decent second quarter, with both earnings and revenues above the prior-year figures, helped by a stronger travel market all over the world.
Though we are encouraged by the company?s strong fundamentals and improvement in traffic and hotel shoppers in the quarter, management states that the new investment in a brand marketing campaign will likely impact revenue and EBITDA growth in the near term.
We believe the opportunity in the Asia-Pacific region is significant and is likely to remain one of the strongest drivers of the company?s business over the next few quarters, since online penetration in many Asia-Pacific markets remains relatively low.
However, lack of visibility and macro uncertainty may keep the share price range bound in the near term. Over the long term, TripAdvisor is well positioned for growth, given its expanding user base, improving margins and increasing monetization of social and mobile platforms.
Currently, TripAdvisor has a Zacks Rank #2 (Buy). Investors can also consider some other stocks with positive Zacks Rank and expected surprise prediction or ESP (Read: Zacks Earnings ESP: A Better Method).
InvenSense Inc. (INVN), Earnings ESP of +8.33% and a Zacks Rank #2 (Buy)
Gartner Inc. (IT), Earnings ESP of +1.96% and a Zacks Rank #2 (Buy)
Read the Full Research Report on EXPERead the Full Research Report on IT
Read the Full Research Report on TRIP
Read the Full Research Report on INVN
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Source: http://news.yahoo.com/tripadvisor-beats-earnings-estimates-q2-124001541.html
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The Mayor Of Crack Calls Weiner ?Good Democrat,? Unloads On Geraldo: ?Stop The Bullsh*t? On My Past
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