Wall Street ends down sharply after Fed minutes

DEAR ABBY: My boyfriend, "Doug" (24), and I (22) have been in a long-distance relationship for a year, but we were friends for a couple of years before that. I had never had a serious relationship before and lacked experience. Doug has not only been in two other long-term relationships, but has had sex with more than 15 women. One of them is an amateur porn actress.I knew about this, but it didn't bother me until recently. Doug had a party, and while he was drunk he told one of his buddies -- in front of me -- that he should watch a certain porn film starring his ex-girlfriend. ...
Read More..

Iceland Weighs Exporting the Power Bubbling From Below


Ilvy Njiokiktjien for The New York Times


The Krafla plant is Iceland’s largest geothermal power station, a showcase of renewable energy.







KRAFLA, Iceland — Soon after work began here on a power plant to harness some of the vast reserves of energy stored at the earth’s crust, the ground moved and, along a six-mile-long fissure, began belching red-hot lava. The eruptions continued for nine years, prompting the construction of a stone and soil barrier to make sure that molten rock did not incinerate Iceland’s first geothermal power station.




While the menacing lava flow has long since stopped and Krafla is today a showcase of Iceland’s peerless mastery of renewable energy sources, another problem that has dogged its energy calculations for decades still remains: what to do with all the electricity that the country — which literally bubbles with steam, hot mud and the occasional cloud of volcanic ash — is capable of producing.


In a nation with only 320,000 people, the state-owned power company, Landsvirkjun, which operates the Krafla facility, sells just 17 percent of its electricity to households and local industry. The rest goes mostly to aluminum smelters owned by the American giant Alcoa and other foreign companies that have been lured to this remote North Atlantic nation by its abundant supply of cheap energy.


Now a huge and potentially far more lucrative market beckons — if only Iceland can find a way to transmit electricity across the more than 1,000 miles of frigid sea that separate it from the 500 million consumers of the European Union. “Prices are so low in Iceland that it is normal that we should want to sell to Europe and get a better price,” said Stein Agust Steinsson, the manager of the Krafla plant. “It is not good to put all our eggs in one basket.”


What Landsvirkjun charges aluminum smelters exactly is a secret, but in 2011 it received on average less than $30 per megawatt/hour — less than half the going rate in the European Union and barely a quarter of what, according to the Renewable Energies Federation, a Brussels-based research unit, is the average tariff, once tax breaks and subsidies are factored in, for “renewable” electricity in the European Union. Iceland would not easily get this top “renewable” rate, which is not a market price, but it still stands to earn far more from its electricity than it does now.


Eager to reach these better paying customers, the power company has conducted extensive research into the possibility of a massive extension cord — or a “submarine interconnector,” in the jargon of the trade — to plug Iceland into Europe’s electricity grid. Such a cable would probably go first to the northern tip of Scotland, which, about 700 miles away, is relatively close, and then all the way to continental Europe, nearly 1,200 miles away. That is more than three times longer than a link between Norway and the Netherlands, which is currently the world’s longest.


Laying an underwater cable from the North Atlantic would probably cost more than $2 billion, and the idea is not popular with those who worry about Iceland — a country that takes pride in living by its own means in harsh isolation — becoming an ice-covered version of Middle East nations addicted to easy money from energy exports.


Backers of the cable “are looking for easy money, but who is going to pay in the end?” said Lara Hanna Einarsdottir, an Icelandic blogger who has written extensively on the potential risks involved in geothermal energy. “We will all pay.”


Iceland, Ms. Einarsdottir said, should use its energy sources to “supply ourselves and coming generations” and not gamble with Iceland’s unique heritage by “building more and more plants so that we can provide electricity to towns in Scotland.”


The idea of somehow exporting electricity to Europe has been around for decades and has been “technically doable for some time,” said Hordur Arnarson, the power company’s chief executive, “but it was not seen as economically feasible until recently.” The change is largely because of a push by the European Union to reduce the use of oil and coal and promote green energy, a move that has put a premium on electricity generated by wind, water and geothermal sources. The union’s 27 member states agreed in 2009 to a mandatory target of deriving at least 20 percent of its energy from “renewable sources” by 2020.


A connection to Europe would not only allow Iceland to tap the export market but also to import electricity from Europe in the event of a crisis, a backup that would allow it to stop keeping large emergency reserves, as it does now.


“This is a very promising project,” Mr. Arnarson said. “We have a lot of electricity for the very few people who live here.” Compared with the rest of the world, he said, Iceland produces “more energy per capita by far, and it is very natural to consider connecting ourselves to other markets.”


Read More..

Sony unveils new PlayStation 4 console






NEW YORK (Reuters) – Sony Corp took the wraps off its next-generation video game console called “PlayStation 4” on Wednesday that will allow users to stream and play video games hosted on servers.


The company revealed the new console, which will succeed the seven-year-old PlayStation 3, in New York.






The controller dubbed “DualShock 4″ will have a touch pad, Mark Cerny, lead system architect on PlayStation 4, said.


Sony purchased U.S. cloud-based gaming company Gaikai for $ 380 million in July. Using that technology, the new console will offer a cloud-gaming service, the company said.


The 8GB PlayStation 4 can also instantly stream game content from the console to Sony’s handheld PlayStation Vita through a feature called “Remote Play,” the company said.


Sony has also revamped the user interface on the new console that keeps tabs on user preferences and added social networking features.


(Reporting By Liana Baker; Editing by Gary Hill, Bernard Orr)


Internet News Headlines – Yahoo! News





Title Post: Sony unveils new PlayStation 4 console
Url Post: http://www.news.fluser.com/sony-unveils-new-playstation-4-console/
Link To Post : Sony unveils new PlayStation 4 console
Rating:
100%

based on 99998 ratings.
5 user reviews.
Author: Fluser SeoLink
Thanks for visiting the blog, If any criticism and suggestions please leave a comment




Read More..

What's Next for Mindy McCready's Two Young Boys?















02/19/2013 at 07:00 PM EST



Mindy McCready's apparent suicide on Sunday has left her two young sons in custodial limbo.

The boys – Zander, 6, and Zayne, 10 months – had been in state custody since Feb. 7, when McCready called police to ask for help in making her father and stepmother leave her home. When police arrived, McCready appeared to be intoxicated, according to a Department of Human Services report.

In a subsequent petition, the singer's father, Tim McCready, asked the court to order her to undergo mental health and substance abuse evaluation and treatment, alleging that his daughter, who had recently lost her boyfriend, "hasn't had a bath in a week ... screams about everything ... [is] very verbally abusive to Zander."

After a judge granted the petition, the children were quickly removed and placed into foster care. Although McCready was released from treatment, the boys remained in state custody.

At the time, Zander's father, Billy McKnight, requested custody of his son. "My son needs me," he told PEOPLE on Feb. 8. "I'm married, working and successful. I'm on the right track and proud of it. I've been sober for years. I just want my son."

But McCready's mother and stepfather, Gayle and Michael Inge, also want custody of the children – and authorities seem to agree.

In a proposed order sent to Circuit Judge Lee Harrod, the Department of Human Services proposed that the Inges might be a better fit for the children, claiming that they have "a substantial relationship." The Inges had custody of Zander for much the past few years, during McCready’s rehab and jail stints.

With McCready's death, the judge will have to determine what is in the children's best interest. A custody hearing has been scheduled for April 5.

Read More..

Drug overdose deaths up for 11th consecutive year


CHICAGO (AP) — Drug overdose deaths rose for the 11th straight year, federal data show, and most of them were accidents involving addictive painkillers despite growing attention to risks from these medicines.


"The big picture is that this is a big problem that has gotten much worse quickly," said Dr. Thomas Frieden, head of the Centers for Disease Control and Prevention, which gathered and analyzed the data.


In 2010, the CDC reported, there were 38,329 drug overdose deaths nationwide. Medicines, mostly prescription drugs, were involved in nearly 60 percent of overdose deaths that year, overshadowing deaths from illicit narcotics.


The report appears in Tuesday's Journal of the American Medical Association.


It details which drugs were at play in most of the fatalities. As in previous recent years, opioid drugs — which include OxyContin and Vicodin — were the biggest problem, contributing to 3 out of 4 medication overdose deaths.


Frieden said many doctors and patients don't realize how addictive these drugs can be, and that they're too often prescribed for pain that can be managed with less risky drugs.


They're useful for cancer, "but if you've got terrible back pain or terrible migraines," using these addictive drugs can be dangerous, he said.


Medication-related deaths accounted for 22,134 of the drug overdose deaths in 2010.


Anti-anxiety drugs including Valium were among common causes of medication-related deaths, involved in almost 30 percent of them. Among the medication-related deaths, 17 percent were suicides.


The report's data came from death certificates, which aren't always clear on whether a death was a suicide or a tragic attempt at getting high. But it does seem like most serious painkiller overdoses were accidental, said Dr. Rich Zane, chair of emergency medicine at the University of Colorado School of Medicine.


The study's findings are no surprise, he added. "The results are consistent with what we experience" in ERs, he said, adding that the statistics no doubt have gotten worse since 2010.


Some experts believe these deaths will level off. "Right now, there's a general belief that because these are pharmaceutical drugs, they're safer than street drugs like heroin," said Don Des Jarlais, director of the chemical dependency institute at New York City's Beth Israel Medical Center.


"But at some point, people using these drugs are going to become more aware of the dangers," he said.


Frieden said the data show a need for more prescription drug monitoring programs at the state level, and more laws shutting down "pill mills" — doctor offices and pharmacies that over-prescribe addictive medicines.


Last month, a federal panel of drug safety specialists recommended that Vicodin and dozens of other medicines be subjected to the same restrictions as other narcotic drugs like oxycodone and morphine. Meanwhile, more and more hospitals have been establishing tougher restrictions on painkiller prescriptions and refills.


One example: The University of Colorado Hospital in Aurora is considering a rule that would ban emergency doctors from prescribing more medicine for patients who say they lost their pain meds, Zane said.


___


Stobbe reported from Atlanta.


___


Online:


JAMA: http://www.jama.ama-assn.org


CDC: http://www.cdc.gov


___


AP Medical Writer Lindsey Tanner can be reached at http://www.twitter.com


Read More..

M&A deals lift Wall Street shares nearer a record high

NEW YORK (Reuters) - U.S. stocks rose on Tuesday as this year's ongoing surge in merger activity suggested investors were still finding value in the market even as indexes closed in on all-time highs.


Office Depot Inc surged 9.4 percent to $5.02 after a person familiar with the matter said the No. 2 U.S. office supply retailer was in advanced talks to merge with smaller rival OfficeMax Inc , which jumped more than 20 percent.


News of the potential move came just days after Berkshire Hathaway and a partner agreed to acquire H.J. Heinz Co for $23 billion, and following a revised $20 billion takeover of Mexican brewer Grupo Modelo by Anheuser-Busch InBev .


Deal activity has helped equities resist a pullback as investors use dips in stocks as buying opportunities. The S&P is up about 7 percent so far in 2013 and has climbed for the past seven weeks in its longest weekly winning streak since January 2011, though most of the weekly gains have been slim.


The Dow industrials closed 0.9 percent away from their record high while S&P 500 was 2.2 percent off its peak.


"Deals are good for the market," said Frank Lesh, a futures analyst and broker at FuturePath Trading LLC in Chicago. "The fact that they're being done is a positive."


More than $158 billion in deals has been announced so far in 2013, more than double the activity in the same period last year and accounting for 57 percent of global deal volumes, according to Thomson Reuters Deals Intelligence.


The Dow Jones industrial average <.dji> gained 53.91 points, or 0.39 percent, to 14,035.67. The Standard & Poor's 500 Index <.spx> gained 11.15 points, or 0.73 percent, to 1,530.94. The Nasdaq Composite Index <.ixic> gained 21.56 points, or 0.68 percent, to 3,213.59.


Other stocks in the office supplies sector also rose. Larger rival Staples Inc shot up 13.1 percent to $14.65 as the best performer on the S&P 500.


"Equity investors have to be encouraged by M&A since, if the number crunchers are offering large premiums, that shows how much value is still in the market," said Mike Gibbs, co-head of the equity advisory group at Raymond James in Memphis, Tennessee.


On the downside, health insurance stocks tumbled, led by a 6.4 percent drop in Humana Inc to $73.01. The company said the government's proposed 2014 payment rates for Medicare Advantage participants were lower than expected and would hurt its profit outlook.


UnitedHealth Group lost 1.2 percent to $56.66. The Morgan Stanley healthcare payor index <.hmo> dropped 1.2 percent.


Wall Street's strong start to the year was fueled by better-than-expected corporate earnings, as well as a compromise in Washington that temporarily averted automatic spending cuts and tax hikes that are predicted to damage the economy.


The compromise on across-the-board spending cuts postponed the matter until March 1, at which point the cuts take effect. Ahead of the debate over the cuts, known as sequestration, further gains for stocks may be difficult to come by.


Some investors say the debate could be the catalyst for a long anticipated sell-off after the market's recent strong run.


Carter Worth, a technical analyst at Oppenheimer, pointed to the "especially complacent action of the past six weeks," noting that, as of Friday, stocks have gone 33 sessions without a dip of more than 1.5 percent.


"We would be selling aggressively into the market's current strength," he said in a research note.


Economic data showed the NAHB/Wells Fargo Housing Market index unexpectedly edged down to 46 in February from 47 in the prior month as builders faced higher material costs.


According to the Thomson Reuters data through Monday morning, of the 391 companies in the S&P 500 that have reported results, 70.1 percent have exceeded analysts' expectations, compared with a 62 percent average since 1994 and 65 percent over the past four quarters.


Fourth-quarter earnings for S&P 500 companies have risen 5.6 percent, according to the data, above a 1.9 percent forecast at the start of the earnings season.


Express Scripts rose 2.5 percent to $56.98 after the pharmacy benefits manager posted fourth-quarter earnings.


About two stocks rose for everyone that fell on the New York Stock Exchange and Nasdaq. About 6.48 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE MKT, in line with the daily average so far this year.


(Additional reporting by Chuck Mikolajczak Ryan Vlastelica and Rodrigo Campos; Editing by Chizu Nomiyama, Kenneth Barry and Nick Zieminski)



Read More..

German Officials Hint Berlusconi Isn’t Their Man


Vincenzo Pinto/Agence France-Presse — Getty Images


There is deep concern in Berlin that any government involving Silvio Berlusconi, above, could reverse economic changes.







BERLIN — Asked in September if she feared a comeback by former Prime Minister Silvio Berlusconi of Italy, Chancellor Angela Merkel of Germany appeared at pains to hold back a smile as the room erupted in laughter. “I am, as you know, a democratic politician and respect the outcome of elections in every country,” she told reporters in Berlin.




Five months later, the possibility that Mr. Berlusconi could return to play a role in the next Italian government is no longer a laughing matter for Ms. Merkel’s government. As Italy’s elections approach on Sunday, German officials have begun, in not-so-subtle ways, to signal to Italians not to vote for him.


“Silvio Berlusconi may be an effective campaign strategist,” the Italian newsmagazine L’Espresso quoted Germany’s finance minister, Wolfgang Schäuble, as saying in an interview last week. “But my advice to the Italians is not to make the same mistake again by voting for him.”


A spokesman for the Finance Ministry later disavowed the comment. But any German warning runs the danger of creating the opposite effect, by elevating Mr. Berlusconi’s stature as he runs a populist campaign aimed at appealing to Italians weary of the austerity measures that Ms. Merkel has pushed as the prescription for the euro crisis.


The bad blood runs both ways. Signs of the dislike between Ms. Merkel and Mr. Berlusconi have swirled for years. Last fall, news media reports surfaced that the former Italian leader had made unflattering remarks about Ms. Merkel’s appearance in telephone calls wiretapped by investigators. He denies having said them.


Nonetheless, attacking Ms. Merkel is part of Mr. Berlusconi’s campaign. On Tuesday he told Italian radio that he was the victim of a “half coup” when he resigned in November 2011, blaming Ms. Merkel for rattling markets by ordering German banks to sell their Italian bonds.


He has accused Germany of strangling European growth by trying to impose its economic views across Europe, which he attributed to Ms. Merkel’s upbringing in Communist East Germany.


“That’s like imposing on all European citizens that men should wear size 42 shoes and women size 40,” he told a cheering crowd of business leaders in northern Italy on Monday.


Mr. Berlusconi has also been highly critical of the fiscal compact between European countries, which calls on nations to balance their budgets, as an example of the steely fiscal discipline that earned Ms. Merkel the nickname of her 19th-century predecessor Otto von Bismarck, the Iron Chancellor.


Investors in Germany, meanwhile, blame Mr. Berlusconi and his center-right People of Freedom party for dragging Italy, the third-largest economy in the euro zone, into the crisis.


They worry that any government involving the former prime minister could reverse changes set by Mario Monti, the economist who replaced Mr. Berlusconi.


“Italy needs politicians in leadership that can be associated with the future,” Ruprecht Polenz, a leading member of Ms. Merkel’s center-right Christian Democratic Union, warned in the newspaper Süddeutsche Zeitung. “Mr. Berlusconi certainly does not stand for that.”


Although the chancellor is unlikely to comment on the outcome of the Italian election, members of her cabinet and party made clear her government’s position in comments published on Tuesday.


Ms. Merkel’s foreign minister, Guido Westerwelle, said in the Süddeutsche Zeitung that “whoever forms the new government, we think it is important that the pro-European course and the necessary reforms be continued.”


Steffen Seibert, Ms. Merkel’s spokesman, underlined in comments to reporters later Tuesday that the foreign minister’s view was shared by the whole government in Berlin.


The likelihood of Mr. Berlusconi getting into office is regarded as slim in Italy, although most recent polls show his coalition narrowing the gap between itself and the center-left coalition to single digits.


But the fears of a Berlusconi revival extend even beyond Berlin. “The future of the euro zone is at stake,” wrote the French newspaper Le Monde in an editorial published Tuesday.


Chris Cottrell contributed reporting from Berlin, and Elisabetta Povoledo from Rome.



Read More..

Sony’s “Evolution of PlayStation” Videos Lead Up to Wednesday’s Event






Sony‘s PlayStation brand has been around almost 20 years now, in the United States. And in anticipation of its Wednesday “#PlayStation2013″ event, at which it is widely expected to unveil its next-generation PlayStation console, Sony has published a series of “Evolution of PlayStation” videos on YouTube and its own site. These videos present a (somewhat one-sided) history of the PlayStation brand, and its consoles and major highlights through the years.


Here’s a timeline with links to the videos, for those who could use the recap:






1994 — The First PlayStation


That’s what it was called: Just “PlayStation.” Launching at $ 299, $ 100 less than the competing Sega Saturn, the Sony PlayStation — originally developed as a CD drive add-on to one of Nintendo’s consoles — soon became a major force in the video game industry.


Partway through the PlayStation’s lifecycle, the DualShock controller added twin analog sticks and a built-in vibration feature, echoing similar features found on Nintendo and Sega’s consoles. Meanwhile, the hard-to-find black Net Yaroze PlayStation console let people make their own games.


Sony would continue to sell slim, redesigned “PSone” consoles during the PlayStation 2‘s heyday, until production was finally stopped in 2006.


2000 — The PlayStation 2


Known as the PS2, Sony’s next PlayStation would go on to become the best-selling game console of all time, with more than 150 million sold. Production of new PlayStation 2 consoles just stopped this January, and while some PS2 games have received HD re-releases on the PlayStation 3 the vast majority can’t be played on Sony’s current console.


The PS2 played new games designed for its “Emotion Engine” processor, and could improve the graphics of PSone games played on it. It also played DVD movies, and the original large PS2 had optional network and hard disk add-ons, which let enthusiasts install Linux on it or play online games like Final Fantasy XI. (The “slim” PS2 has built-in networking capability, but can’t be upgraded with a hard disk.)


2006 — The PlayStation 3


The PS3′s disastrous North American launch became a veritable fountain of memes, as Sony showmen’s lines were quoted and remixed endlessly afterwards. Sony exec (now CEO) Kaz Hirai’s announcement of the PS3′s launch price tag — “$ 599 U.S. dollars!” — was met with stunned silence, and the console debuted to mediocre sales numbers.


The PS3 soon rebounded, however, and with a retooled interior design (which now lacked the processor chips necessary to run PlayStation 2 games) it also became much smaller and cheaper than its launch model. The DualShock 3 controller added force-feedback support to the original SixAxis, while the PlayStation Move controller challenged Wii MotionPlus and Kinect.


According to an IDC report, after being on the market about half as long as the PlayStation 2 the PS3 has sold roughly half as many consoles, with “about 77 million” sold.


2013 — The PlayStation 4?


Code-named “Orbis,” Sony’s next-generation PlayStation console is widely expected to be unveiled Wednesday. Dan Graziano of BGR News says that it may use a Move-enabled controller with a PS Vita-style touchpad, and that while it probably won’t be compatible with PS3 games it may be able to stream them online.


Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.


Gaming News Headlines – Yahoo! News




Read More..

Mindy McCready: Under Police Scrutiny at Time of Suicide?















02/18/2013 at 06:00 PM EST







Mindy McCready and David Wilson


Courtesy Mindy McCready


When Mindy McCready talked to police in recent weeks, her account of how her boyfriend came to be found with a fatal gunshot wound to the head concerned police, a law enforcement source tells PEOPLE.

"At first, she said she hadn't heard the gunshot because the TV was too loud. Then she said she had heard the gunshot," the source says. "So obviously there were a lot of questions, and the Sheriff was asking for clarification."

But before investigators could re-interview her, the long-troubled country singer also would die under eerily similar circumstances, her body discovered at the same Heber Springs, Ark., house just feet away from where David Wilson died.

McCready's death was blamed on what "appears to be a single self-inflicted gunshot wound," the Cleburne County Sheriff's Office said in a statement.

This differed from how the sheriff characterized Wilson's case. His cause and manner of death still have not been established by the coroner. It was McCready's publicist, and not a law enforcement official, who announced that Wilson had died of a self-inflicted gunshot wound.

After Wilson's death, McCready, 37, spoke to investigators three times, but they didn't feel as if they were through with her.

"At no point did [police] tell her she was a suspect, and she wasn't officially one," says the source. "But she knew that some of her answers didn't stand up to questioning. She was very cooperative, but she just wasn't making a lot of sense."


Read More..

Hip implants a bit more likely to fail in women


CHICAGO (AP) — Hip replacements are slightly more likely to fail in women than in men, according to one of the largest studies of its kind in U.S. patients. The risk of the implants failing is low, but women were 29 percent more likely than men to need a repeat surgery within the first three years.


The message for women considering hip replacement surgery remains unclear. It's not known which models of hip implants perform best in women, even though women make up the majority of the more than 400,000 Americans who have full or partial hip replacements each year to ease the pain and loss of mobility caused by arthritis or injuries.


"This is the first step in what has to be a much longer-term research strategy to figure out why women have worse experiences," said Diana Zuckerman, president of the nonprofit National Research Center for Women & Families. "Research in this area could save billions of dollars" and prevent patients from experiencing the pain and inconvenience of surgeries to fix hip implants that go wrong.


Researchers looked at more than 35,000 surgeries at 46 hospitals in the Kaiser Permanente health system. The research, published Monday in JAMA Internal Medicine, was funded by the U.S. Food and Drug Administration.


After an average of three years, 2.3 percent of the women and 1.9 percent of the men had undergone revision surgery to fix a problem with the original hip replacement. Problems included instability, infection, broken bones and loosening.


"There is an increased risk of failure in women compared to men," said lead author Maria Inacio, an epidemiologist at Southern California Permanente Medical Group in San Diego. "This is still a very small number of failures."


Women tend to have smaller joints and bones than men, and so they tend to need smaller artificial hips. Devices with smaller femoral heads — the ball-shaped part of the ball-and-socket joint in an artificial hip — are more likely to dislocate and require a surgical repair.


That explained some, but not all, of the difference between women and men in the study. It's not clear what else may have contributed to the gap. Co-author Dr. Monti Khatod, an orthopedic surgeon in Los Angeles, speculated that one factor may be a greater loss of bone density in women.


The failure of metal-on-metal hips was almost twice as high for women than in men. The once-popular models were promoted by manufacturers as being more durable than standard plastic or ceramic joints, but several high-profile recalls have led to a decrease in their use in recent years.


"Don't be fooled by hype about a new hip product," said Zuckerman, who wrote an accompanying commentary in the medical journal. "I would not choose the latest, greatest hip implant if I were a woman patient. ... At least if it's been for sale for a few years, there's more evidence for how well it's working."


___


Online:


Journal: http://www.jamainternalmed.com


Read More..