Tuesday, January 31, 2012

Suggestions to Fix Higher Education (ContributorNetwork)

COMMENTARY | According to Time.com, President Barack Obama has a tough road ahead in convincing colleges and universities to lower tuition rates and increasing infrastructure costs for schools.

The article refers to Joni Finney, vice president of the National Center for Public Policy and Higher Education who advocates several potential cost-cutting options for colleges. These options include cutting less-effective programs, streamlining curricula, increasing the number of hours faculty teach and offering three-year, fast-paced programs to better-prepared students.

Cutting less-effective programs

Colleges and universities offer a plethora of free stuff that is often not utilized by the student body. Do student recreation centers need to offer every sport or activity, requiring a huge number of well-paid staff? Unlimited intramural and club options, as well as student and academic organizations, might require scores of paid staff to organize and manage, driving up tuition costs.

Streamlining curricula

While I support a well-rounded education, perhaps some general and diversity-type credits could be foregone for the sake of economy. Though I enjoyed my non-Western Civilization courses, learning about the history of Russia 1855-1991 and the history of modern China did cost a pretty penny. Less time in general courses and nonrelevant courses would save students time and money.

Increasing the number of hours faculty teach

Professors do too much research in our publish-or-perish culture of academia. How much of this research, especially outside of the hard sciences, is advancing fields of knowledge? As a graduate student I read too many articles that cited reams of similar research, indicating little current research was groundbreaking. Professors who teach two or three classes per week should not be making full-time salaries to be churning out repetitive academic jargon the rest of the time. Also, more classes taught by each professor equals fewer students delayed in graduating because of overfilled classes.

Offering faster-paced programs of study

Some students are ready to hit the ground running and should be allowed increased opportunities to test out of general classes. Students should be allowed to substitute certain classes of equal or greater rigor for required classes if the required classes are full. Juniors and seniors, for example, could be allowed to take a master's course if all usual required classes are locked for enrollment.

Source: http://us.rd.yahoo.com/dailynews/rss/education/*http%3A//news.yahoo.com/s/ac/20120131/pl_ac/10907937_suggestions_to_fix_higher_education

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Euro zone jobless hits highest level since birth of euro (Reuters)

BRUSSELS (Reuters) ? Euro zone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy.

Seasonally adjusted unemployment among the 17 countries sharing the euro rose to 10.4 percent in December, on a par with an upwardly revised November figure, the European Union's statistics office Eurostat said.

It was the highest rate since June 1998, before the introduction of the euro in 1999.

"We're looking at a further increase over the coming months, so that is worrying," said Martin van Vliet, an economist at ING. "Look at Greece, where unemployment is some 20 percent, and it is 23 percent in Spain. At a certain point this could lead to political unrest."

After two years of a deep debt crisis and budget austerity, the number of Europeans out of work has risen to 16.5 million people, with another 20,000 people without a job in December from the month before. The rate steadily crept up through 2011 as growth stalled and recession loomed.

At a summit on Monday, Europe's leaders tried to shift the debate from fighting the debt crisis to reviving growth in a bloc that produces 16 percent of global economic output.

They are looking to deploy 82 billion euros of unspent funds from the EU's 2007-2013 budget in an attempt to boost employment. But most economists expect scant progress while the euro zone's high debtors are compelled to persist with harsh austerity programs.

A growing gap between the wealthy nations of northern Europe and those of the poorer, less productive south overshadows any EU-wide growth and jobs policies implemented from Brussels.

Germany's unemployment rate fell to 6.7 percent in January, separate figures showed, a new record low since figures for unified Germany were first published.

Austria boasted the euro zone's lowest jobless rate at 4.1 percent in December, followed by the Netherlands at 4.9 percent.

But unemployment in Spain reached a new high of 22.9 percent in November and December. In Greece, joblessness was 19.2 percent for October, the latest data available. Unemployment reached 13.6 percent in Portugal in the final month of 2011.

"A budgetary straitjacket risks merely shrinking Europe's economy and it will do nothing to ease the periphery's competitiveness problems, the underlying cause of the sovereign crisis," said Trevor Greetham, portfolio manager at Fidelity Multi Asset Funds.

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For graphics on jobs: http://link.reuters.com/dej74s

http://link.reuters.com/vej74s

http://link.reuters.com/kes74s

For full multimedia coverage: http://r.reuters.com/xyt94s

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"IT STARTS AND ENDS WITH JOBS"

High joblessness is a blight on the European economy, and youth unemployment is particularly problematic, particularly in Spain, where almost half of young people cannot find full-time work.

"For me this is the most painful aspect of the whole situation we're facing in Europe, this great divergence on the labor market. Because if unemployment in Germany is falling, we may see less preparedness to help out the rest of the euro zone," Van Vliet said.

After years of falling unemployment, the 2008-2009 global financial crisis destroyed job creation prospects in Europe and the ensuing sovereign debt crisis has only worsened the outlook.

In the 27-nation European Union, the number of jobless has risen steadily from a recent low of 7.1 percent of the working population in 2008 to 9.9 percent in December -- some 23.6 million people.

Economists say it could reach 11 percent by mid-2012.

"It's very important that we don't forget the growth and the jobs," Danish Prime Minister Helle Thorning-Schimdt told reporters as she arrived at the half-day summit on Monday. "Everything starts and ends with growth and jobs," she said.

(Additional reporting by Robert-Jan Bartunek)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20120131/bs_nm/us_eurozone_unemployment

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Saturday, January 28, 2012

Mint Competitor And Personal Finance Platform HelloWallet Raises $12M From Morningstar

HelloWalletHelloWallet, a personal finance software, has raised $12 million in Series B funding from Morningstar and TD Fund. The startup previously raised $9 million in Series A funding, from Grotech Ventures and AOL co-founder Steve Case's VC fund Revolution Ventures. HelloWallet, which launched last year, helps users track and proactively manage their personal finances from both the web and mobile. But HelloWallet aims to be a full-service financial advisor, and looks forward to proactively uncover savings opportunities and potential threats for its members.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/vCwHPUKU3OY/

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Friday, January 27, 2012

Dow opens near post-crisis peak but ends lower (AP)

A brief morning rally Thursday pushed the Dow Jones industrial average above its highest close since the financial crisis of 2008, but disappointing economic data tempered traders' optimism later in the day, and stocks finished lower.

Solid news on factory orders and strong earnings from U.S. manufacturers, highlighting one of the economy's bright spots, helped the market open higher. The Dow rose 85 points.

But the Dow and broader indexes turned negative after weaker reports on home sales and future economic growth were released in the late morning. The Dow closed down 22.33 points, or 0.2 percent, at 12,734.63.

The Dow and other indexes are still up sharply for the year, and for about 45 minutes Thursday morning, the Dow traded above 12,810.54, its peak from last year and the highest close since the spring before the 2008 financial crisis.

Traders appear less afraid of spillover damage from the European debt crisis, and data on jobs and manufacturing have been consistently strong. The Dow is up more than 4 percent for the year.

"With global risk off center stage and attention going back to the fundamentals, this market was ready to explode, which is exactly what it is doing," said Doug Cote, chief market strategist with ING Investment Management.

The government reported early Thursday orders to factories for long-lasting manufactured goods increased in December for the second straight month, and a key measure of business investment rose solidly.

That strong demand was apparent in quarterly earnings reports from U.S. manufacturers. 3M stock closed 1.3 percent higher after its fourth-quarter profit beat Wall Street's estimates.

Caterpillar, the world's biggest heavy equipment maker, rose 2.1 percent, the most of the 30 companies in the Dow, after beating analysts' estimates last quarter. The company expects to do the same this year as global demand remains high.

Later in the day, the government reported an unexpected drop in new home sales in December, capping the worst year for home sales since record-keeping began in 1963. A private gauge of future economic activity also grew more slowly than expected.

3M and Caterpillar led the gains for the Dow. AT&T dragged the average lower, falling 2.5 percent after its earnings missed Wall Street's forecasts. AT&T depends heavily on the Apple iPhone but recently lost its exclusive rights to sell it in the U.S.

The Dow's post-crisis high during the trading day was 12,928.45, reached May 2, 2011. It traded as high as 12,841.95 on Thursday. The average would need to rise about 11 percent to get to its record high close of 14,164.53, reached on Oct. 9, 2007.

The Standard & Poor's 500 closed down 7.63 points, or 0.6 percent, at 1,318.43. It was dragged lower by volatile financial companies and telecommunications firms including AT&T. Its post-crisis peak was 1,370.58, also set May 2, 2011.

The Nasdaq shed 13.03 points, or 0.5 percent, to close at 2,805.28.

Stocks had their highest close in eight months Wednesday after the Federal Reserve said it plans to keep interest rates extremely low until late 2014 to encourage lending and investment and support the economic recovery.

The yield on the 10-year Treasury note fell to 1.93 percent late Thursday from 1.99 percent late Wednesday. The prospect of more bond-buying by the Fed helped make Treasurys more attractive. A bond's yield falls as demand for it increases.

Among the other U.S. companies making big moves after reporting quarterly earnings:

? Time Warner Cable Inc. rose 7.8 percent after the company reported earnings far above analysts' estimates. It also raised its dividend 17 percent to 56 cents per share and announced plans to buy back more of its own stock.

? United Continental Holdings, parent of United and Continental airlines, surged 6.3 percent. Its fourth-quarter loss narrowed, its adjusted earnings were more than double what analysts had expected, and the cost of integrating the two companies fell.

? Netflix soared 22.1 percent, the most of any stock in the S&P 500, after the video streaming and DVD-by-mail company reported a huge gain in customers and a bigger fourth-quarter profit than analysts had expected.

? Colgate-Palmolive rose 1.9 percent after saying it will raise prices in the U.S. for the first time in years to cover higher costs for materials. The company's profit declined last quarter, but core sales in emerging markets were much stronger.

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Follow Daniel Wagner at http://www.twitter.com/wagnerreports.

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_st_ma_re/us_wall_street

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THG Presents: Best of Celebrity Marijuana Scandals!


Sorry, Armie Hammer. Your arrest for marijuana possession didn't even make THG's Top 10 favorite marijuana scandals ... though it did inspire us to compile the list!

Note that there are plenty of pot smokers out there who don't appear here simply because they haven't been busted for their antics. We snub them, but they win!

Anyway, take a look at some recent stars involved in weed-related police matters below and vote for which celebrity stoner is your favorite ...

Chace Crawford Mug ShotMatthew McConaughey mug shot

10. Chace Crawford / Matthew McConaughey (tie). The Texans tie for the 10 spot based on the classic mug shots taken after their respective arrests.

9. Snoop Dogg. Snoop's arrest this month was about as shocking as ... the #7 man on this list, who was also cited for possession in the same TOWN!

8. Jermaine Hopkins / Sam Hurd (tie). The Lean On Me star and Chicago Bears player may not be household names ... but were big time DEALERS.

7. Willie Nelson. Seriously, just leave Willie alone cops.

Soulja Boy Mug ShotNew Brooke Mueller Mug Shot

6. Soulja Boy. Recently pulled over with his entourage carrying a bunch of weed, cash and a gun. All in one briefcase. Sometimes you gotta travel light.

5. Michael Phelps. Don't hit the bong after winning a gold medal, kids.

4. Brooke Mueller. Charlie's ex claims her infamous crack pipe incident merely involved weed. Even if you give her the benefit of the doubt, what a mess!

3. Jenelle Evans. Girl can't go 24 hours without smoking up! Or getting arrested. At least some of her probation woes stem from positive drug tests.

2. Miley Cyrus. Our #2 scandal didn't even involve weed, necessarily ... but Miles totally smokes it, and who else could compete with this bong video!

1. DMX. The all-time king of celebrity mug shots is only slightly less known for his affinity for the sticky-sticky. Sometimes those things are related!

Who's your favorite celebrity stoner?

Source: http://www.thehollywoodgossip.com/2012/01/thg-presents-best-of-celebrity-marijuana-scandals/

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Wednesday, January 25, 2012

Celestial Stunner: Venus to Cross Face of Sun This Year (SPACE.com)

On your 2012 calendar, be sure to put a big red circle around June 5.? On that day, a celestial occurrence that will not be seen by human eyes until well into the 22nd century ? the year 2117 to be exact ? will take place.

The planet Venus will cross the face of the sun.

Through the balance of this winter season and well into the spring of 2012, Venus will gradually climb higher in the sky and grow progressively brighter, eventually becoming an "evening lantern" for those commuting home from work and school.?

By the end of May 2012, however, Venus will be rapidly dropping back toward the sun's vicinity, ultimately to disappear as it makes the transition back into the morning sky.? That transition day will come on June 5. [Photos: Tracking the 2004 Transit of Venus]

Normally, Venus would pass unseen, hidden in the brilliant glare of the sun. But not this time.

From June 5-6, 2012, an exceedingly rare occurrence is to take place: from here on Earth, we will be able to see Venus cross in front of the sun, making itself evident as a small black spot slowly moving across the solar disk.

Rare celestial spectacle

This is among the rarest of astronomical events.?

In fact, between the years 2000 B.C. and 4000 A.D., there have been only 81 Venus transits.? Humans have recorded witnessing only six of them (in 1639, 1761, 1769, 1874, 1882, and most recently, in 2004).? It's not impossible that a transit of this planet might have once been seen by chance in ancient times, near sunrise or sunset.? Or perhaps some ancient observer with a keen eye, viewing the sun on an unusually hazy day, might have glimpsed Venus's dark image (reporting it as "a dark mark on the sun") on the solar disk.

Soon after the transit of 1882 had taken place, the French astronomer Camille Flammarion, sometimes referred to as the "Carl Sagan of the 19th century" because of his many popular books and articles on astronomy, compiled a listing of transits running from 1631 to 2984.?

"We see that astronomers do not allow themselves to be taken unawares," Flammarion wrote. "Astronomy is, after all, the only science which enjoys the privilege of reading the future as it does the past, and it avails itself of it.? The special details of the 'approaching' transit of June 8 of the year 2004 have already been calculated with precision, as well as those of the transit of June 5, 2012, and we might almost say that the various expeditions are arranged, with the exception of the names of the astronomers who will take part in them."?

The circumstances of the transits of Venus repeat themselves with great exactness after a period of 243 years. The intervals between individual transits (in years) currently go as follows: 8 + 121.5 + 8 + 105.5 = 243.? In other words, a pair of transits may occur over a time span of just eight years, but following the second transit, the next will not occur again for more than a century.?

Transits of Venus occurred on Dec. 9, 1874 and Dec. 6, 1882. The upcoming Venus transit of June 5, 2012 is the first one since 2004. Should anyone miss it, it will unfortunately be a long wait once again, until Dec. 11, 2117, when Venus will again pass in front of the sun ? a bit too far into the future for most of us. [Infographic: The 2012 Venus Transit in June]

Regions of Visibility

On June 5, the entire transit will last almost 6 3/4hours and will be visible in some form across approximately three-quarters of our planet.?

The beginning will be visible from the northwestern part of South America, and all of North America, Hawaii, central and western Asia, New Zealand and the eastern two-thirds of Australia.?

The end will be visible from northern and northwestern North America, New Zealand, Australia, Asia, the eastern half of Africa and most of Europe. From the contiguous 48 states as well as most of Canada, the beginning stages occur before sunset. For much of Europe, the sun will rise on the morning of June 6, with Venus already on the sun's disk with the transit nearly over.

Unfortunately, those living across the western half of Africa, southern and western parts of Spain, all of Portugal and the central and eastern parts of South America will be precluded from seeing any part of this spectacle, as the sun will be below the horizon when it is taking place.

Quite unlike the transits of Mercury, those of Venus are readily visible with the unaided eye.

When Venus is in transit across the solar disk, the planet appears as a distinct, albeit tiny, round black spot with a diameter just 1/32 that of the sun. This size is large enough to perceive with the naked eye.

However,prospective observers must take special precautions (as with a solar eclipse) in attempting to view the silhouette of Venus against the blindingly brilliant disk of the sun. Looking directly at the sun without eye protection could cause serious injury.

As we get closer to June 5, SPACE.com will provide comprehensive coverage of the Great Venus Transit.

Joe Rao serves as an instructor and guest lecturer at New York's Hayden Planetarium. He writes about astronomy for The New York Times and other publications, and he is also an on-camera meteorologist for News 12 Westchester, N.Y.

Source: http://us.rd.yahoo.com/dailynews/rss/space/*http%3A//news.yahoo.com/s/space/20120123/sc_space/celestialstunnervenustocrossfaceofsunthisyear

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Friday, January 13, 2012

$10 MM Convertible Debt to Focus on Clinical Study

Enrollment Reaches 35 Patients in Multi-Centered NUsurface? Artificial Meniscal Study in EU and Israel

Henry Klyce takes over as President & CEO

MEMPHIS, Tenn.--(BUSINESS WIRE)--Active Implants Corporation (AIC), a pioneer in pliable orthopaedic implant technology, announced that current investors have committed $10 MM in additional capital to continue the NUsurface device study. The Company also announced a change in management and provided an update on the status of its NUsurface clinical study.

?The Board is fortunate to have someone of Henry?s outstanding reputation, skill, knowledge, and successful operating experience assume a leadership role in the development of the Company?s platform technology.?

Multi-Center, Prospective Study Enrollment On-Track

The NUsurface? Meniscus Implant is designed to relieve knee pain and restore function by redistributing the load similar to the function of the natural healthy meniscus. It is implanted by orthopaedic surgeons using a mini-open procedure in conjunction with routine arthroscopy. The Company believes the NUsurface? device could address several hundreds of thousands of patients per year whose earlier treatments have not been successful and are not yet ready for later stage knee arthroplasty.

The goal of the prospective, controlled study is to create clinical data related to the safety, performance, and risk/benefit of the device in the intended patient population. The Company expects to enroll 100 patients and obtain 2 year follow up data, and reports that 35 patients have already been enrolled.

Elliott Hershman, MD, Chairman, Orthopedics, Lenox Hill Hospital, NY and Study Medical Director stated, ?With the additional evidence generated in this Multi-Centered study, we intend to develop sufficient data to support the use of the NUsurface device in patients who require a more effective solution than available with current treatment options.?

Management Change

?With the funding, the company will focus on completing enrollment and follow up of the clinical study of the NUsurface? Meniscus Implant. In conjunction with this strategy, it?s the right time for me to step down,? said outgoing President & CEO, Michael Mainelli.

?On behalf of the Board of Directors, we thank Mike Mainelli for the outstanding job he?s done for the Company as CEO,? stated Henry Klyce, Director.

Jimmy Lackie, Director and representative of the lead investor group added, ?Mike is a professional of great character whose leadership skills and extensive business experience will be an asset to any organization he decides to join. We are pleased he will be able to continue to serve as a Director of Active Implants.?

Mr. Mainelli further stated, ?I?m very proud to have worked with this global team of world-class clinicians and employees over the last few years. I want to emphasize that in no way is my departure due to a lack of enthusiasm for the market potential of this exciting new technology. The leadership needs of the business have simply changed.?

Henry Klyce, a member of the Board of Directors since 2008, assumes the role of CEO. A graduate of Cornell University, Henry is a very successful and highly regarded medical device entrepreneur. Over the past 20 years, he has founded and developed many companies, including Surgical Dynamics (sold to US Surgical) and St. Francis Medical Technologies (sold to Kyphon/Medtronic) that have generated almost one billion dollars in shareholder value. Jimmy Lackie further stated, ?The Board is fortunate to have someone of Henry?s outstanding reputation, skill, knowledge, and successful operating experience assume a leadership role in the development of the Company?s platform technology.?

About Active Implants Corporation: Active Implants Corporation is a privately-held company formed in 2004. The company is headquartered in Memphis, Tenn. with research facilities in Netanya, Israel.

Source: http://feeds.businesswire.com/click.phdo?i=f958f71b26d5c8c0ba4ed9c35b6ae4b5

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