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Source: http://www.cnbc.com/id/15839069
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Tuesday, April 9, 2013
Maine gas prices down almost 6 cents per gallon
AUGUSTA, Maine (AP) -- Maine gas prices have plummeted nearly six cents per gallon in the past week, to an average of $3.64.
Price-monitoring website MaineGasPrices.com reports Monday the average retail gasoline price in Maine is now just six cents above the national average of $3.58.
In-state prices are now more than 33 cents lower per gallon than at the same time last year and nearly 15 cents per gallon lower than a month ago.
Nationally, prices are nine cents lower than a month ago.
The Maine price is based on a survey of more than 1,200 gas stations.
Source: http://news.yahoo.com/maine-gas-prices-down-almost-151713368.html
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Poet's body exhumed: Was Pablo Neruda poisoned?
A judge ordered a poet's body exhumed to look for evidence that Nobel laureate Pablo Neruda was killed by agents of Gen. Augusto Pinochet's brutal dictatorship.
Forensic anthropologists dig at the grave of Nobel laureate Pablo Neruda as they prepare for the exhumation of the poet's remains in Isla Negra, Chile, April 7. The poet's body was exhumed today in an effort to clear up four decades of suspicion about how the poet died in the days after Chile's military coup.
Judiciary of Chile / AP
EnlargeChilean forensic experts exhumed the body of Nobel laureate Pablo Neruda on Monday, trying to solve a four-decade mystery about the death of one the greatest poets of the 20th century.
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The official version is that that the poet died from prostate cancer and the trauma of witnessing the 1973 military coup that led to the persecution and killing of many of his friends. But his driver and many other Chileans say Neruda was murdered by agents of Gen. Augusto Pinochet's brutal dictatorship.
Experts were concerned that high salinity and humidity could affect the exhumation at Neruda's home in Isla Negra, a rocky outcropping overlooking the Pacific Ocean.
But Patricio Bustos, head of Chile's medical legal service, said Neruda's casket is in good shape after the one-hour exhumation. After draping Neruda's coffin in the Chilean national flag, forensics workers took his remains to the capital for tests. They could also be analyzed abroad and Bustos said they have offers from labs in the United States and Europe.
"After we take a look at our lab, following the biomedical safety measures and with total vigilance, we will be able to set a timeline for the process," Bustos told reporters.
"The most complex part will be searching for toxic substances that could not only be classic poisons, but also, according to testimonies, could be medical substances at very high doses to harm the poet."
Neruda, who won the Nobel prize for literature in 1971, was best known for romantic verses, especially the collection "Twenty Love Poems and a Song of Despair." He was also a leftist diplomat and close friend of socialist President Santiago Allende, who committed suicide rather than surrender to troops during the Sept. 11, 1973 coup led by Pinochet.
Neruda planned to go into exile, where he would have been an influential voice against the dictatorship. Just a day before he was scheduled to leave, he was taken by ambulance to the Santa Maria hospital in Santiago to keep him safe from political persecution.
Officially, Neruda died there on Sept. 23 from natural causes related to the emotional trauma of the coup.
For years, his driver and bodyguard, Manuel Araya has said that the poet was murdered when agents of the dictatorship injected poison into his stomach at the clinic.
"If it hadn't been for that shot Neruda wouldn't have died," Araya said.
"After seeing him being removed from the site, I felt a huge amount of pain because I lived the 24 hours with Neruda before his death. It took a long time, but justice has been served."
Former President Eduardo Frei Montalva died at the same clinic nine years later. Although doctors listed the cause of his 1982 death as septic shock from stomach hernia surgery, an investigation almost three decades later showed that the vocal opponent of the Pinochet regime had been slowly poisoned to death.
The exhumation was approved by Judge Mario Carroza on a request by Chile's Communist Party. It was attended by the driver and one of Neruda's four nephews.
"It was an emotional moment that reached our very fibers," said Rodolfo Reyes, one of Neruda's nephews.
"It's very important that the truth is known and the eyes of the world are set on this new investigation."
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/Zn0lfFlR6WA/Poet-s-body-exhumed-Was-Pablo-Neruda-poisoned
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Monday, April 8, 2013
When CEOs get demoted (by the companies they founded)
With RIM?s recent launch of its Blackberry 10, founder and board member Mike Lazaridis may have felt he?d, in some way, seen his company to safe harbor. ?Safe? may be an overstatement, given competition in the mobile smartphone market these days and RIMs place in it, but let?s just say it gave him a positive event to step out on. He will retire in May.
But Lazaridis gave up CEO leadership at RIM over a year ago, some say due to shareholder pressure. It must be a surreal moment to be cast aside by a company you?ve founded. At best it must be like being dunked on by your own son, at worst like being shot in the knee by him. No wonder Facebook founder Mark Zuckerburg took such a strong ownership stance with his company.
A number of founding company leaders have been dressed down by their own companies; some are stories of betrayal, some failure and some of redemption.
In 2007, Jet Blue?s David Neeleman was pushed out of the top spot by the airliner he?d founded eight years prior. The reason? Service difficulties and the notion that JetBlue could have been more profitable with different leadership. His step down did not help JetBlue?s share prices, however, which ended 2007 at almost $5, down from over $16 a year before. Without skipping a beat, Neeleman stayed with the company and founded another airline, Azul, in 2008.
Aubrey McClendon founded Chesapeake Energy in 1982 at the age of 23. He announced this past January that he will step down as CEO amidst allegations of self-dealing, questionable business practices and a spendthrift nature. FORBES profiled McClendon in 2011, calling him America?s Most Reckless Billionaire. Possibly responsible for McClendon?s ouster is billionaire Carl Icahn, an investor with a presence on Chesapeake?s board, who felt he wasn?t cutting costs.
In the wake of his departure announcement share prices have risen from under $17 to over $21. Without the responsibility of running the company, McClendon may have time to complete the still unfinished massive wine cellar he began building in Oklahoma City in 2008. Win-win?
Perhaps the most famous story of founder ouster is that of Steve Jobs. After hiring John Sculley as CEO in 1983, Jobs changed his mind about the former Pepsi President and conspired to have him removed. In a shocking twist, the Apple board sided with Sculley and Jobs was removed from his managerial role with Macintosh and resigned some months later.
Following a failed but inspiring startup, NeXT Computer, and the acquisition of what would become Pixar, Apple?s purchase of NeXT brought Jobs back to Apple leadership and the rest, as they say, is history. Jobs confessed that his ouster from Apple was instrumental in his education and allowed him to develop his creativity and leadership.
Related at Forbes:
The World?s Favorite Bosses
The 12 Most Disruptive Names In Business
The Best Places For A Working Retirement In 2013
25 Top Places To Retire Rich
Copyright 2013 Forbes.com
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Sluggish jobs report may further slow stock market
NEW YORK ? The stock market's robust rally was slowing even before Friday's jobs report, but the red flag sent up by the weak data makes the path to more gains less secure.
It means the bulls will have to look to earnings for a way to keep the rally going. The S&P 500 hit an all-time closing high on Tuesday, but lately defensive stocks have been leading the charge, and notable growth indexes are slipping.
This rotation has many thinking the long-awaited market correction is nigh. A 3 percent decline in the Russell 2000 index this week seemed to be a confirmation of the trend.
"Momentum I think has been slowing a bit, and it would be interesting to see if this is just a one-session sell-off," said Bruce Zaro, chief technical strategist at Delta Global Asset Management in Boston, about Friday's decline.
In the first quarter, the benchmark's healthcare index added 15.2 percent and utilities gained 11.8 percent, besting the broad S&P 500's 10 percent gain.
The transition into defensive stocks may respond to investors' taking into account the effect of higher payroll taxes this year and the $85 billion in government spending cuts that started to trickle at the beginning of the year.
The shift is "a rotation into sectors less affected by a short-term slowdown in the consumer," said Eric Kuby, chief investment officer at North Star Investment Management Corp in Chicago.
Earnings hold the key
Earnings season starts in earnest next week, with the highlight coming from JPMorgan Chase & Co and Wells Fargo & Co on Friday. Details on Wells Fargo's earnings will be dissected for clues on the health of the housing market.
Overall, S&P 500 earnings are expected to have risen 1.5 percent last quarter, down from a 4.3 percent gain expected at the start of the year, according to Thomson Reuters data.
Investors "are really waiting for the earnings season on balance to disappoint," said Zaro.
Companies have caught up on the lowered expectations, and negative outlooks have been predominant ahead of earnings season. In fact, the negative-to-positive guidance ratio from S&P 500 companies is at its highest since the third quarter of 2001, according to Thomson Reuters data.
At 4.7, the ratio is the sixth-highest among 69 readings dating to 1996.
"Companies understand that since the economy is weak there's no reason to be a hero and give guidance you can't beat," said Nicholas Colas, chief market strategist at the ConvergEx Group in New York.
F5 Networks was the latest and one of the most dramatic examples of lowered earnings expectations. The network equipment maker partly blamed lower government sales for its profit warning late on Thursday, which erased almost a fifth of its market value on Friday.
In past quarters, revenue beats have taken the focus off the bottom line as investors were expecting the stronger economy to translate into more sales, but that may not be the case this time around.
"At this point earnings are going to be perhaps more important than revenues only because we know Q1 was only a so-so quarter for the economy," said Colas.
"It's not going to be a surprise if revenues are a little bit light. Where we really have to make sure the numbers work is at the earnings level."
Busy week for the Fed
The Federal Reserve could be next week's wild card. Indications of renewed support for loose monetary policy - or the slightest hint in the direction of tightening - have triggered wild moves in the market.
The minutes of the March FOMC meeting are due on Wednesday and market participants will look for insight into the debate regarding the amount and duration of bond purchases the U.S. central bank is executing monthly.
The hawkish argument - a reduction of stimulus - was dented by Friday's job report, so any mention of it in the minutes may not trigger panic. But more than a dozen speeches by various Fed officers next week could stir things up.
The economic reports calendar is light except for consumer data. Retailers are expected to post a 1.9 percent rise in sales for last month, compared with a gain of 2.9 percent in March last year when same-store sales figures are published Thursday.
The Commerce Department posts its own retail sales figures on Friday, followed by the Thomson Reuters/University of Michigan survey of consumers.
Copyright 2013 Thomson Reuters.
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Cyber Defense Magazine Receives Anonymous Leak - Massive Cyber Attack Against Israel Tomorrow
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Anonymous Attack on Israel Planned for April 7, 2013
PRLog (Press Release) - Apr. 6, 2013 - WASHINGTON, D.C. -- We are on the eve of the fateful day, April 7th, the collective of Anonymous announced a massive cyber attack against the state of Israel as part of the campaign started in the last months and named #OpIsrael.The hacktivists are conducting a massive call to army to recruit new forces and inform all the members of collective of the cyber attack planned against Israeli network infrastructures.
The hacktivists ?protest against Israeli bombing of Palestinian territory expressing ?solidarity with the Palestinian people condemning Israeli Government and its decisions.
The hackers motivated to The Hackers Post website their participation with following statement:
?Israel isn?t stopping human rights violations. It?s to show solidarity with newly recognized Palestinian state.? ?the hacking teams have decided to unite against Israel as one entity?Israel should be getting prepared to be erased from the internet.?
Anonymous has promised to ?erase Israel from the internet? in a coordinated and massive cyberattack planned on April 7th, the Holocaust Memorial Day that occur on 27 Nisan (April/May) to remember the event happened during the summer of 1942 when about 300,000 Jews were deported from Warsaw to Treblinka.
Following the message posted by Anonymous collective states:
?To the government of Israel: You have NOT stopped your endless human right violations. You have NOT stopped illegal settlements. You have NOT respected the ceasefire. You have shown that you do NOT respect international law,? the group of hackers also published a video on YouTube video renewing accusations against Israeli government that ?menaced to shut down the internet in Gaza. ??When the government of Israel publicly threatened to sever all internet and other telecommunications in and outside of Gaza, they crossed a line in the sand,?.
The menace is creating considerable apprehension among the Israeli authorities, majority of the main hacktivist cells has already confirmed the adhesion, most of them in the past have been guilty of attacks on government organizations and offices, Israel Government is very concerned and is organizing its defense to mitigate the offensive.
Director of online webpage Accessible Government, Ben Avi, ?reported to Haaretz website:
?what distinguishes this plan when compared to previous attacks is that it really seems to be organized by Anonymous-affiliated groups from around the world in what looks like a joining of forces.?
Let?s remember that during last initiatives related to #OpIsrael campaign around 700 Israeli websites have been hit including high-profile government systems such as Israeli President?s official website and the Foreign Ministry. Official sources of Israel State reported around 44 million unique attacks on government websites, principal websites of the country suffered DDoS attacks and hacker also obtained personal data related to Israeli officials.
See more at: http://www.cyberdefensemagazine.com/
Photo:
http://www.prlog.org/
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Cold Weather hits UK Farmers | Royal Meteorological Society
According to the National Farmers' Union the UK is set to become a net importer of wheat for the first time in a decade, due to the impact of the weather on crops. Speaking on Radio 4 NFU President Peter Kendall said that more than two million tons of wheat were lost due to poor weather last year.
This year has not been much kinder to farmers and the rural economy so far. The prolonged winter has been dubbed "springter" by some as low temperatures persist into April. Soil temperatures are still at winter levels and garden centres and nurseries are reporting heavy losses for the Easter period. There have also been heavy losses of livestock due to the recent snow.
The middle of April is the latest that many crops can be sown for optimal harvest, so if the weather does not improve over the next weeks, it could have devastating consequences for farmers.
Last summer the average yield per acre for wheat was 6.7 tonnes, down from 7.8 tonnes a hectare. So far this year, farmers have only got 75% of the planned wheat planted, so the UK is already behind on production.
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Source: http://www.rmets.org/cold-weather-hits-uk-farmers
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