David Kirkpatrick

January 7, 2009

All the fed’s t-men and

Filed under: Business, Politics — Tags: , , , , — David Kirkpatrick @ 4:57 pm

all the SEC’s machinations, couldn’t put the economy back together again.

My only response to this story letting us know the Fed thinks “economic woes” will continue despite its best (and that isn’t saying a whole lot right now) efforts — no shit.

From the link:

Even as Federal Reserve officials slashed their key interest rate to a record low and pledged to use other unconventional tools to fight the worst financial crisis since the 1930s, they still feared the economy would be stuck in a painful rut for some time.

Documents released Tuesday provided insights into the Fed’s historic decision to ratchet down its rate from 1 percent to near zero at its Dec. 15-16 meeting. In the first action of its kind in the Fed’s 95-year history, Fed Chairman Ben Bernanke and his colleagues created a target range for its rate, putting it at zero to 0.25 percent.

Despite the aggressive action, “the economic outlook would remain weak for a time and the downside risks to economic activity would be substantial,” according to the Fed document.

IRS announces help for troubled taxpayers in 2009

Filed under: Politics — Tags: , , , , — David Kirkpatrick @ 4:46 pm

A release from the Internal Revenue Service:

IRS Begins Tax Season 2009 with Steps to Help Financially Distressed Taxpayers; Promotes Credits, e-File Options

 
IR-2009-2, Jan. 6, 2009

WASHINGTON — The Internal Revenue Service today kicked off the 2009 tax filing season by announcing a number of new steps to help financially distressed taxpayers maximize their refunds and speed payments while providing additional help to people struggling to meet their tax obligations.

IRS Commissioner Doug Shulman encouraged taxpayers to take advantage of several new tax credits and deductions this filing season and announced a major enhancement to the Free File program that will allow nearly all taxpayers to e-file for free and accelerate their refunds.

“With so many people facing financial difficulties, we want taxpayers to get all the tax credits they’re entitled to as quickly as they can,” Shulman said. “In addition, we are creating new protections to help people trying to meet their tax obligations. The IRS will do everything it can to help during these tough times.”

Help for People Who Owe Taxes

With many people facing additional financial difficulties, the IRS is taking several additional steps to help people who owe back taxes.

“We need to ensure that we balance our responsibility to enforce the law with the economic realities facing many American citizens today,” Shulman said. “We want to go the extra mile to help taxpayers, especially those who’ve done the right thing in the past and are facing unusual hardships.”

On a wide range of situations, IRS employees have flexibility to work with struggling taxpayers to assist them with their situation. Depending on the circumstances, taxpayers in hardship situations may be able to adjust payments for back taxes, avoid defaulting on payment agreements or possibly defer collection action.

The IRS reminds taxpayers who are behind on tax payments and need assistance to contact the phone numbers listed on their IRS correspondence. There could be additional help available for these taxpayers facing unusual hardship situations.

Among the areas where the IRS can provide assistance:

  • Postponement of Collection Actions: IRS employees will have greater authority to suspend collection actions in certain hardship cases where taxpayers are unable to pay. This includes instances when the taxpayer has recently lost a job, is relying solely on Social Security or welfare income or is facing devastating illness or significant medical bills. If an individual has recently encountered this type of financial problem, IRS assistors may be able to suspend collection without documentation to minimize burden on the taxpayer.
  • Added Flexibility for Missed Payments: The IRS is allowing more flexibility for previously compliant individuals in existing Installment Agreements who have difficulty making payments because of a job loss or other financial hardship. The IRS may allow a skipped payment or a reduced monthly payment amount without automatically suspending the Installment Agreement. Taxpayers in a difficult financial situation should contact the IRS.
  • Additional Review for Offers in Compromise on Home Values: An Offer in Compromise (OIC), an agreement between a taxpayer and the IRS that settles the taxpayer’s tax debt for less than the full amount owed, may be a viable option for taxpayers experiencing economic difficulties. However, the equity taxpayers have in real property can be a barrier to an OIC being accepted. With the uncertainty in the housing market, the IRS recognizes that the real-estate valuations used to assess ability to pay may not be accurate. So in instances where the accuracy of local real-estate valuations is in question or other unusual hardships exist, the IRS is creating a new second review of the information to determine if accepting an offer is appropriate.
  • Prevention of Offer in Compromise Defaults: Taxpayers who are unable to meet the periodic payment terms of an accepted OIC will be able to contact the IRS office handling the offer for available options to help them avoid default.
  • Expedited Levy Releases: The IRS will speed the delivery of levy releases by easing requirements on taxpayers who request expedited levy releases for hardship reasons. Taxpayers seeking expedited releases for levies to an employer or bank should contact the IRS number shown on the notice of levy to discuss available options. When calling, taxpayers requesting a levy release due to hardship should be prepared to provide the IRS with the fax number of the bank or employer processing the levy.

Taxpayers with financial problems who discover they can’t pay when they file their 2008 tax returns also have options available. IRS.gov has a list of What If? scenarios that deal with payment and other financial problems. These scenarios, in question-and-answer format, provide information on specific actions taxpayers can take. Taxpayers unable to pay in full can likewise contact the IRS to discuss additional options to pay.

Maximizing Refunds and Speeding Refund Delivery

This filing season, there are several steps taxpayers can take to maximize their refunds and speed the delivery of money from the IRS.

Taxpayers should look into the numerous tax breaks available and take every credit, deduction and exclusion for which they qualify. People who had less income in 2008 could find they qualify for credits for which they previously did not qualify. And there are several new benefits this year:

  • First-Time Homebuyer Credit: Those who bought a principal residence recently or are considering buying one should take note. This unique credit of up to $7,500 works much like a 15-year interest-free loan. A special page on IRS.gov has more details and answers to common questions.
  • The Recovery Rebate Credit: This credit is figured like last year’s Economic Stimulus Payment except that Recovery Rebate Credit amounts are based on tax year 2008 instead of 2007. Most people already received their full benefit in the form of the Economic Stimulus Payment. However, a taxpayer may qualify for the Recovery Rebate Credit, if, for example, he or she did not get an Economic Stimulus Payment, had a child in 2008 or had a change in income level. If you receive this credit, it will be included in your refund and will not be issued as a separate payment. See the Form 1040 Instructions, Fact Sheet 2009-3 or the information center on IRS.gov for details.
  • Standard Deduction for Real Estate Taxes: Taxpayers can claim an additional standard deduction, based on the state or local real estate taxes paid in 2008. The maximum deduction is $500, or $1,000 for joint filers.
  • Mortgage Workouts and Foreclosures: For most homeowners, these are now tax-free. Eligible homeowners can exclude debt forgiven on their principal residence if the balance of the loan was less than $2 million. The limit is $1 million for a married person filing a separate return. See Form 982 and its instructions for details.

This Web site, IRS.gov, has more information on these and other popular credits, such as the child tax credit, the Earned Income Tax Credit and alternative fuel vehicle credit.

E-File, E-Pay and Direct Deposit

This year, electronic filing options will speed the payment of refunds to millions of taxpayers. Taxpayers who e-file and choose direct deposit for their refunds, for example, will get their refunds in as few as 10 days. That compares to approximately six weeks for people who file a paper return and get a traditional paper check.
This year, taxpayers can begin filing electronically on Jan. 16.

The IRS in 2009 is again offering free tax preparation and filing through the Free File program. Anyone with an adjusted gross income up to $56,000 can use the standard Free File options this year –– that is approximately 98 million Americans. The program also has usability improvements, including a standardized set of electronic forms that are most frequently used by Free File-eligible taxpayers.

This year the IRS and its partners are offering a new option, Free File Fillable Tax Forms, that opens up Free File to virtually everyone, even those whose incomes exceed $56,000.

Free File Fillable Tax Forms allows taxpayers to fill out and file their tax forms electronically, just as they would on paper. This option does not include an “interview” process like the other Free File offerings, but it does allow taxpayers to enter their tax data, perform basic math calculations, sign electronically, print their returns for recordkeeping and e-file their returns. It may be just right for those who are comfortable with the tax law or those who use electronic software to prepare their returns but file using paper forms.

Both the fillable-forms option and the previously available Free File offerings are available only through the IRS.gov Web site. More information will be available in mid-January.

1040 Central and Taxpayer-Friendly Features

When they visit the IRS.gov Web site this filing season, taxpayers may notice the new “rotating spotlight” feature on the homepage. The spotlights, which change every few seconds, give the taxpaying public direct access to more of the IRS Web site’s vast amount of content.

Also on the homepage, taxpayers can click on 1040 Central to find help preparing and filing their tax returns. Like last year, this popular section of IRS.gov has a wide range of offerings that address taxpayer needs.

Finally, the IRS is producing a number of podcasts this filing season that will be available on IRS.gov. In addition to Tax Tips, Fact Sheets and News Releases, these short audio interviews cover a wide range of topics and are a way for the IRS to reach out to a new generation of taxpayers.

Tax Filing Fact Sheets

For more tax season topics, see the following fact sheets:

The US facing years of $1T deficits

I don’t like the idea, but there’s probably no other way about this mess. I suppose we’ll find out exactly how fiscally liberal Obama really is over the next year or two.

Thank god Bush 43 wasn’t handed this blank check.

From the link:

“At the current course and speed, a trillion-dollar deficit will be here before we even start the next budget,” Obama said Tuesday. “And potentially we’ve got trillion-dollar deficits for years to come, even with the economic recovery that we are working on at this point.”

On Wednesday, the Congressional Budget Office will release its 2009 budget and economic outlook, which will tell the deficit tale in black and white. A report from the Treasury Department last month found that the deficit in just the first two months of the current fiscal year exceeded $400 billion — almost as high as it had been for all of fiscal year 2008.

But Obama promises that his administration will also embrace budget reform and put a choke collar on the country’s record annual shortfall, if not in the immediate term, then soon after.

On Tuesday, he vowed to “bring a long-overdue sense of responsibility and accountability to Washington.”

For now, many economists, even some noted deficit hawks who warn about the danger of Uncle Sam’s long-term financial shape, say the severity of the economic downturn justifies borrowing more money in order to spend big in the short run and pave the way for long-term growth.

“Such steps — even if deficits exceed $1 trillion this year and next — are necessary to help avert a deep and prolonged recession,” according to a recent report by the Center on Budget and Policy Priorities.

Looks like Roland Burris …

Filed under: Politics — Tags: , , , , — David Kirkpatrick @ 3:40 pm

… will likely take over Obama’s vacant Senate seat. Burris was Blago’s little parting middle finger to the Democratic establishment before going up river for quite a while.

He was asked to not fill the seat while reeling under allegations that have him caught dead-to-rights in the crosshairs of a federal investigation. This is something of a gift for the GOP. Time does change things, but for now Burris will be seen as damaged goods and tainted if only by the nature of his appointment, and the fact Blagojevich got himself into the deep water by virtue of attempting to sell that very appointment.

From the link:

Senate leaders began to clear the way for Roland Burris to take over President-elect Barack Obama’s vacant seat, saying they wanted the issue resolved quickly.

Burris met Wednesday with Senate Majority Leader Harry Reid and Sen. Dick Durbin, a day after his paperwork was rejected at the opening of the 111th Congress.

They called the meeting ”positive” and indicated that the Senate would be open to seating Burris once legal hurdles are resolved and Burris clears the air over his appointment.

Senate officials in both parties, speaking on the condition of anonymity because they were not authorized to speak publicly for Senate members, said there is a growing expectation on Capitol Hill that the saga will end with Burris being seated. 

Senate officials say Burris’ appointment still has to be certified by Illinois’ secretary of state.

Burris met for 45 minutes Wednesday morning with Reid and Durbin. Only days ago, both senators were arguing that Burris’ nomination was so tainted that he should not be seated and would be blocked.

“The Oldest Member” — a work of short fiction

Filed under: Arts, et.al., Media, Sports — Tags: , , , , , — David Kirkpatrick @ 1:52 am

This story is an homage to P.G. Wodehouse’s “A Golf Omnibus.” That story collection featured The Oldest Member as a narrator for each tale. If you play golf, go find a copy — you will love it. If you just like good fiction, do likewise. Hit this link – The Golf Omnibus – to find the book at Amazon.

In case Wodehouse doesn’t ring a bell, he’s the guy who wrote a series of novels featuring “Jeeves” the butler. Jeeves does not feature in “A Golf Omnibus.”

And now, the tale …

*********

The Oldest Member

(A tribute to P.G. Wodehouse’s “A Golf Omnibus”)

by David Kirkpatrick

The Oldest Member sat on the terrace, well, rather he dozed on the terrace, and well, technically he wasn’t a member because it was a municipal course. A quite nice muni, but no membership required. At any rate the Oldest Member dozed on a terrace just off the ninth green and was startled awake by the cleats of a young golfer clearly in some sort of distress.

“What’s the matter old chap, if I may ask?” said the sage.

The youngster replied, “My game’s all off.”

“Have you been playing much lately?” the white whiskered one asked.

“Plenty. The problem is it’s been mostly wii golf,” answered the young man.

“Oui? Like the magazine?’

“No, no – wii, the videogame console from Nintendo. I play that darned thing all the time and it’s totally put my real game right off. Couldn’t hit a fairway wood, or chip, all day,” said the troubled one.

“Ah yes,” began the Oldest Member, “The brassie and niblick. I remember my playing days and both clubs gave me fits on occasion …”

“Huh?” said the youngster.

“And those Oui’s. I can see how that could be distracting. Reminds me of old Finnegan McHoots and the burlesque queen..”

At this point the youngster, who actually wasn’t all that young being well into his thirties – the Oldest Member considered anyone who didn’t require the use of a cane and ear horn a youngster – remembered the Oldest Member was known for trapping unsuspecting casual golfers with long-winded stories about days gone past full of references to clubs no longer used and players long forgotten. He immediately began to rise and said, “Oh dear, I may be late for an important meeting …”

And with this the Oldest Member deftly snagged the man’s arm with the crook of a cane held him in the adjacent chair and once again said, “Yep, reminds right on about the story of Finnegan McHoots and the burlesque queen.”

Here the man knew he was trapped and the Oldest Member began his story …

*****

You see (began the Oldest Member), old Finnegan was a scratch golfer and was coming off a narrow tournament loss to the great George Duncan and all the boys took him to a burlesque show to ease the pain. It was there he met Charlotte. I’ll have to admit her sobriquet had a rhyming addendum, but I’ll leave that to your imagination. As the night wore on this Charlotte captured every bit of McHoots attention and later his fancy. He even visited the very same show the following night and even one more evening. You could fairly say the boy was smitten beyond belief.

It just so happened his play against Duncan in that open tournament caught the eye of a tycoon of industry who, although he wasn’t a bad golfer, was still a solid ten handicapper. To the delight of local scratch men, he thought of himself as more of the five and would wager a round with them taking only those five strokes. The scratch men worked it out amongst themselves to throw the odd game or two to keep the cigar-and-belly man interested and pooled the winnings evenly. Those who were forced to toss the round were chosen by drawing a short straw at a monthly business meeting and earnings disbursal.

Of course as a true golfer, Finnegan McHoots never deigned to join this group as it just would not do for an honorable man of the links to play less than his top game every time out. The other scratch men had approached him more than once hoping to draw some new blood into the racket, but McHoots just snorted and turned away every time.

McHoots problems arose because of the aforementioned Charlotte. Finnegan found himself in a tough way after the third trip to the specialty revue and really couldn’t justify the monetary outlay to return once again. At the same time the siren’s call beckoned to him day and night. He finally broke down and approached the group of scratch men to see what it was really all about. All he knew up to this point was all honorable golfers and men among men looked down on the entire operation. As a matter of fact, several threatened to expose the whole operation – I was amongst this group – but were gently dissuaded.

The group happily took McHoots’ call and eagerly explained the process to him. “All it takes,” they said, “Is we trade off playing the captain of industry around two rounds a week giving five stokes. We all play for the same figure and pool the winnings to be disbursed monthly. We also maintain a bank so each member has the wager on hand in the rare occurrence one of us takes a loss on the day. And of course the short man takes the losing wager from the bank.”

McHoots asked about the losing wager and “short man.” He knew rounds were thrown, but he didn’t understand the whole game. The group further explained, “Well, we make the businessman’s patsy a random act of drawing straws at the disbursal meeting. The scratch man with the short straw loses his round that month. If the tycoon wants extra rounds for some reason, we draw for two short men and the first is left out of that pool to avoid suspicion and so no reputations are too sullied by losing to this character.”

Finnegan thought it over, didn’t like the concept, but he did like the figure offered up at the monthly disbursal. With this game, he thought, he could keep things as they were and have this tidy little sum of additional money to help him dote on his Charlotte. Little did he know the true cost of his burlesque queen and abandoning his days as an honorable golfer and man on the links.

As it were, the night he met with the cabal of scratch men was the disbursal and straw-drawing night. He signed on with the group right then – with visions of Charlotte dancing in his head – and immediately drew the short straw. I don’t know because I don’t associate with the kind, but I’ve heard through various channels the gang conspired for McHoots to get the little reed.

At any rate, he drew the short straw and sighed. The group told him not to fret. They’ve all been there so he should, “Suck it up old chap.” They also told him his first round with Vandersnatch, the tycoon, was the coming Tuesday at seven a.m. sharp at Marshy Maples, beginning on the front nine.

Now Finnegan’s dreams were haunted by two goblins – visions of his Charlotte coupled with the dread and shame of his coming round, and loss, to Vandersnatch. He tossed and turned so much in the nights leading up to the match he feared he would lose outright from exhaustion alone. Of course as a golfer he kept up his daily 54 hole regime and proudly noticed he maintained his scratch game.

The fateful Tuesday arrived and McHoots was a good twenty minutes early to make sure he had time for the standard two scotches before his round began. At five ’til seven a large, but not fat, man with bountiful side whiskers and three caddies strode purposefully up to the first tee. “McHoots, I presume,” said Vandersnatch with a booming voice that echoed in the early morning mist.

“Yes sir, Mr. Vandersnatch. I’m pleased to make your acquaintance,” returned McHoots.

“Rot that Vandersnatch business my man. Call me Sidney, and I trust I may call you Finnegan? It is I who is pleased to make your acquaintance. I’ve been following your career for a good while and have long dreamt of this match.”

“Sidney it is,” croaked McHoots. “Funny you should mention that about the reveries of slumber. I’ve done some dreaming about this round as well.”

With this the men tossed a coin for the honor and McHoots won. For the first three holes he couldn’t contain his game and was playing one under. Vandersnatch, getting five over the entire eighteen was already up three. At this point Finnegan realized he didn’t have any instructions on how to lose this match? Lose without the handicap added to Vandersnatch’s score? He decided that wouldn’t be possible, but he did begin to work to closely monitor the tycoon and make certain he was in the margin of losing after eighteen.

And then panic struck him. What if the old boy had say an eight on a three par? How could he make up that sort of difference without sticking out like a sore thumb. He also realized he neither sought, nor was given, any pointers on this whole game. Vandersnatch was a ten-handicapper – my heavens, thought McHoots – his game could be terrible and I have to match it stroke for stroke.

As fate would have it, the match did go as poorly as Finnegan feared it might. Vandersnatch fought the course mightily and ended up a solid twelve over. McHoots fought himself mightily and came in at ten over. Within the margin, but a scorecard that pained both heart and head.

The captain of industry didn’t notice a thing, of course, and clapped Finnegan on the back over a glass of scotch and said, “Tough luck, old boy. I got you today, but I bet you come roaring back next time. Seems all scratch men have an off day here and there, but I never can get the best your whole lot.”

With that the game was over. McHoots went home sick at heart. He hadn’t shot a ten over since he began wearing plus fours on the links. He thought to himself, at least after the month of play is over I’ll get my reward and go visit sweet, sweet, Charlotte. His dreams that night eased the pain a mighty bit and by the end of the month the game, Vandersnatch and his loss of honor was completely forgotten. After that horrid day he kept his card under par on every round of his customary 54 daily.

The night of the meeting of the scratch men cabal finally arrived, Finnegan eagerly went, collected his ill-begotten gains and drew a long straw this time. He rushed to the burlesque show to see his vision of beauty and grace, Charlotte. After the first hour there was neither hide nor hair of his angel. Finnegan finally went to the barman to enquire when she might appear. The barman looked confused until Finnegan provided a quick description of his beloved. It was then Finnegan’s turn to be confused when the tender said, “Oh, that broad? She took off a couple of weeks ago and hasn’t come back. Happens all the time around here buddy. You want another scotch?”

Finnegan went home broken-hearted. He had lost Charlotte and he had lost his golfing honor. He was a broken man. But he still had his game on the links, and it had been better than ever.

The next morning on the opening tee of his customary 54, McHoots teed up a four par, let rip with his driver and immediately sliced into a small group of trees. After getting out of that trouble with a niblick, he drew out his trusted brassie to get to the green. His swing topped the ball, which did a couple of little hops and landed about four feet closer to the pin.

The next hole went the same. And the next. And from that day forward poor Finnegan McHoots was never better than a ten-handicap man.


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wii fit works

Filed under: et.al., Science, Sports, Technology — Tags: , , , , — David Kirkpatrick @ 1:43 am

I’ve yet to mess around with a wii fit, but did finally break down and last week opened a console I’d bought for resell. The game unit is definitely everything it’s cracked up to be. Very fun, very innovative and even the basic “wii Sports” games are something of a workout.  Hell, the Clone Wars lightsaber game is downright tiring.

Plus this post on the wii console ties into my next post — a bit of fiction in which ”wii Sports” golf plays a minor role.

The release:

Wii Fit a promising tool for all ages

Game’s health measurements flawed

MANHATTAN, KAN. — While some emerging technologies can create environments that require very little physical effort, one Kansas State University researcher thinks games like Nintendo’s Wii Fit can help promote physical rather than sedentary activities for people of all ages.

“I think there is a great potential to develop ways to promote physical activity through technology,” said David Dzewaltowski, professor and head of the department of kinesiology at K-State and director of the university’s Community Health Institute. “Kids innately like to move, so I believe that there is a big future in games that use emerging technologies and require movement because the games will be enjoyed by children and also be more healthy than existing games.”

In a commentary published in the October 2008 Exercise and Sport Sciences Reviews, Dzewaltowski discussed how technology is changing our everyday life and affecting our health.

Wii Fit has games that incorporate yoga, strength training, balance and aerobics. The games are interactive and require the player to physically move, which is better than nothing, Dzewaltowski said. It uses a balance board and allows gamers to simulate challenges like snowboarding down a mountain.

“Anything that gets people to move more than they have in the past is positive, but if people are trying to replace physical activity that demands more movement with the Wii, then that will be negative,” Dzewaltowski said.

He said it is difficult in a small indoor space to replicate the intensity of some real-life physical activities, though dance video games are effective at demanding physical movements that require caloric expenditure.

“The caloric expenditure demanded by an activity depends on the energy necessary to move the body’s weight to complete the task and how long you perform the task,” Dzewaltowski said.

He added that different activities demand different amounts of caloric expenditure, like playing a game of soccer, which demands much more energy expenditure than bowling or playing the outfield in baseball.

Dzewaltowski said Wii Fit can be an effective tool to create or maintain a healthy lifestyle for some people because it follows the basic principles for adhering to an exercise program, like having physical activity goals, tracking those goals and evaluating the progress.

Wii Fit measures players’ body mass index, or BMI, which is a weight evaluation based on height and weight. Dzewaltowski said this a good screening tool for adults, meaning if the game categorizes them as being overweight or obese, they should seek more information from a health professional who can better evaluate the level of body fat. However, he said the calculation is unsuitable for children.

“For children, the BMI calculation has to be expressed based on age and gender growth charts, and it doesn’t do that,” Dzewaltowski said. “Due to children’s age and gender differences in growth, the adult BMI calculators don’t work. My use of the Wii BMI calculator showed that it was inappropriate for children and would categorize children incorrectly.”

The game also gives players a Wii Fit Age, which is measured by the player’s BMI and their center of gravity and balance testing. However, Dzewaltowski doesn’t think the measurement is credible.

For personal goals, he said it is more important to focus on behaviors such as physical activity and fruit and vegetable consumption rather than the game’s BMI and fitness age measurements.

Dzewaltowski said it could be healthy for gamers to solely rely on Wii Fit for exercise if they are meeting the guidelines for physical activity set by the U.S. Department of Health and Human Services.

He said future technologies should continue to promote physical activity if they make exercise enjoyable, especially for adults.

“I also believe that adults enjoy movement if they are at a fitness level where they can perform the activity comfortably,” Dzewaltowski said. “The problem is most adults have very poor fitness levels. So, I believe there is a future in developing games that include movement and demand caloric expenditure at the level of the participant.”

 

###

Kagan to be next solicitor general

Filed under: Politics — Tags: , , , , , , — David Kirkpatrick @ 1:17 am

This from Cato-at-Liberty:

The selection of Harvard Law School Dean Elana Kagan to be the next solicitor general (and the first woman nominated for a position known as the “Tenth Justice”) is not at all surprising. 

One reason I supported Obama this past election was his stance on civil liberties. Presidencies can get derailed by any number of things — 9/11 anyone? — but I hold out very high hopes for civil liberties under an Obama administration.

There’s going to be a lot that I’ll be holding my nose over, but I see a tremendous upside if he can maintain the momentum. So far in the transition period, I’ve been pleased with his actions and appointments.

Also from the Cato link:

Two things we know about Kagan is that she is very smart – even before the Supreme Court clerkship and record of scholarship, she won a Sachs Scholarship, sometimes called a “Princeton Rhodes” – and has done a fabulous job as dean (including poaching star professors from law schools across the country).  While the White House and Attorney General will, of course, be setting the administration’s legal policy, we can expect Kagan to defend those policy positions ferociously and expertly.  Whether those efforts will coincide with a defense of the individual liberty and limited government encapsulated in the Constitution remains to be seen.

Woot! This blog is one …

Filed under: et.al., Media — David Kirkpatrick @ 12:03 am

… year old today. I’m looking forward to the second …

This blog's first year

This blog's first year

January 6, 2009

Prep for our military robot overlords …

Filed under: Science, Technology — Tags: , , , — David Kirkpatrick @ 11:40 pm

… any day now. I’m not holding my breath.

Only a few troops, perhaps 1 percent, will actually direct aimed fire at the enemy with the intent to kill. These troops are treasured, and set apart, and called snipers.

Armed robots will all be snipers. Stone-cold killers, every one of them. They will aim with inhuman precision and fire without human hesitation. They will not need bonuses to enlist or housing for their families or expensive training ranges or retirement payments. Commanders will order them onto battlefields that would mean certain death for humans, knowing that the worst to come is a trip to the shop for repairs. The writing of condolence letters would become a lost art.

No human army could withstand such an onslaught. Such an adversary would present the enemy with the simple choice of martyrdom or flight. So equipped, America’s military would be irresistible in battle.

I found the above link at the Unreligious Right (a great blog, by the way) and this sums up my sentiments.

From the second link:

There are many problems with Pike’s theories that just leap out at the reader. Pilotless drones and other unmanned vehicles are not the same thing as self-directing robots capable of replacing humans. Unless Pike has classified information on these robots not available to the general public, the technology for the type of robot army he describes simply does not exist, and is unlikely to appear in the next few years. His entire article appears to be based on the military equivalent of vaporware. But even if such technology did exist, his other assertions are also way off-base. Pike argues that “no human army” could stand against a robot “onslaught,” and that anyone facing such a force would have a “simple choice of martyrdom or flight.” I find it difficult to believe that someone like John Pike, with his knowledge of military affairs, would make such a ridiculous unfounded assertion. Any weapon system has weaknesses and can be defeated by human ingenuity, or other factors unforseen by the creator of the wonder weapon. And the idea that the U.S. could suddenly deploy a completely irresistable robot army, of the type Pike envisions, doesnot even qualify as good science fiction, let alone a reasonable real-world military prediction.

RIAA afraid of light of day

Filed under: Arts, Technology — Tags: , , , , , — David Kirkpatrick @ 8:39 pm

One more reason to oppose the losing battle the RIAA seems determined to keep fighting. I love the recording industry and hate to watch what this dinosaur in its death throes is doing in terms of public relations and sector growth.

At this point the RIAA needs to be euthanized and the labels ought to get together and create something that works in the 21st century. The old guard had its try and failed miserably.

From the Boing Boing link:

Campaigning law prof Charlie Nesson wants the whole world to see how the RIAA shakes down students, so he’s asked for the proceedings to be webcast. The RIAA wants to hide under a rock:

A Harvard Law professor representing some students sued by the recording industry for illegally downloading music has filed a motion to broadcast online the proceedings of two cases being heard by the U.S. District Court in Massachusetts.The professor, Charles R. Nesson, argues in the motion that to stream the court proceedings over the Internet — or as the students put it in their request, ‘admit the Internet into the courtroom’ — would help the public understand the legal issues at play in the industry’s lawsuits against thousands of computer users, many of whom are college students.

Hydrogen from ethanol

I’ll have to admit this sounds a little pie-in-the-sky. I’ve read way too much on various hydrogen schemes to give this any market relevance before I see/read about a whole lot more in terms of real costs, drawbacks and applications.

At the same time it’s good to see ongoing research into alternative energy sources. I have no problem with petroleum use, but it is a limited resource as things currently stand. And mankind’s power needs are only increasing at a phenomenal rate.

From the link:

Scientists have created an entirely natural and renewable method for producing hydrogen to generate electricity which could drastically reduce the dependency on fossil fuels in the future.

The breakthrough means ethanol which comes from the fermentation of crops can be completely converted to hydrogen and carbon dioxide for the first time.

The hydrogen generated would be used to power fuel cells – devices which convert fuels into electricity directly without the need for combustion.

The new method – which has the potential to be used to power homes, buildings and cars in the future – is the result of a 10 year collaboration project between scientists from the University of Aberdeen alongside international partner laboratories.

Over 90% of the hydrogen currently generated across the globe is made using natural gas found in fossils fuels.

The main concern with this method is the generation of large amounts of carbon dioxide increasing the risk of global warming.

This new production method uses ethanol which is produced by the fermentation of crops and is therefore carbon neutral meaning any carbon dioxide produced is assimilated back into the environment and used by plants to grow.

Professor Hicham Idriss, Energy Futures Chair at the University of Aberdeen who has led the study said: “We have successfully created the first stable catalyst which can generate hydrogen using ethanol produced from crop fermentation at realistic conditions.

Watch out for deflation

You may be lamenting the outrageous cost of the bailout, you might have been hurt by the credit crunch and you are most likely gearing up for a 2009 full of only one certainty — that the entire year will be filled with nothing but uncertainty.

After all that, who’s this boogyman breathing hot, rancid air down the back of your neck? Deflation.

From the link:

Deflation, the steadily falling prices that are a byproduct of the virulent global recession and financial-market weakness, has emerged as a top danger for monetary policy markets in the U.S. and Europe, top central bankers made clear Sunday.

In separate comments, Lucas Papademos, the number-two official at the European Central Bank, and Janet Yellen, president of the San Francisco Federal Reserve Bank, and one of the most influential officials at the Fed, said that they would quickly seek to contain the danger of deflation if it emerges in coming months.

Their remarks came at he American Economics Association convention.

Yellen said the U.S. faces a clear risk of deflation: “The odds are high that over the next few years, inflation will decline below desirable levels.”

To keep falling prices from becoming entrenched, the Fed would have to make it clear to the financial markets that such an outcome is unacceptable.

“I am optimistic that, by clearly communicating the Fed’s commitment to low and stable inflation and by backing that commitment up with determined policy actions should the need arise, any deflationary pressures caused by the weak economy can be contained,” Yellen said.

Improving nanotube production

Filed under: Science, Technology — Tags: , , , , — David Kirkpatrick @ 2:45 pm

From KurzweilAI.net — The cycloparaphenylene “nanohoop” molecule is the shortest segment of a carbon nanotube and may pave the way toward better production methods for longer tubes, offering much greater precision and consistency.

 

A Better Way to Make Nanotubes
PhysOrg.com, Jan. 5, 2009

The newly synthesized cycloparaphenylene “nanohoop” molecule, the shortest segment of a carbonnanotube, could help grow much longer carbon nanotubesin a controlled way and in large batches, with each nanotube identical to the next.

This combination of precision and high yield will be needed if carbon nanotubes are to make the jump from the lab to the commercial sector. To replace silicon wafers in electronics, for example, they’ll need to be just as unblemished as silicon wafers, and just as easy to make in large numbers.

 
Read Original Article>>

Total bailout cost heading toward $8T

Yep, you read that right — eight trillion dollars. Corporate socialism to the tune of eight trillion dollars. Obama’s plan looks to be in the $700 billion range.

The system, the markets and capitalism have failed on a massive scale. This might simply be a correction in the markets — a correction we are circumventing with this massive bailout — but it’s hard not to place at least some blame at the feet of the economic policies (and lack thereof) of the Bush 43 regime.

There’s a reason Congress feels the need to look into the incompetence of the SEC of the last several years. Instead of competent smaller government, Bush seems to have pressed for bloated government at every step (Department of Homeland Security, anyone) and increasing incompetence across the board with each stride.

With the ongoing financial crisis and this bailout, it really feels like Main Street is full of flaming bags of shit and the taxpayers are being forced to start stomping.

From the first link way up there in the first graf:

Sitting down? It’s time to tally up the federal government’s bailout tab.

There was $29 billion for Bear Stearns, $345 billion for Citigroup. The Federal Reserve put up $600 billion to guarantee money market deposits and has aggressively driven down interest rates to essentially zero.

The list goes on and on. All told, Congress, the Treasury Department, the Federal Reserve and other agencies have taken dozens of steps to prop up the economy.

Total price tag so far: $7.2 trillion in investment and loans. That puts a lot of taxpayer money at risk. Now comes President-elect Barack Obama’s economic stimulus plan, some details of which were made public on Monday. The tally is getting awfully close to $8 trillion.

Obama’s plan would combine tax cuts with infrastructure job creation efforts. Economists say it could serve as an integral piece to the government’s remaining economic recovery puzzle.

“This plan will be the first direct tool to make additions to disposable income,” said Lyle Gramley, an economist with Stanford Group and former Fed governor. “None of the other efforts have done that directly.”

Light moves and traps DNA

Filed under: Science, Technology — Tags: , , , , — David Kirkpatrick @ 2:29 pm

From KurzweilAI.net — Researchers at Cornell have used a beam of light to trap and move nanoparticles, including DNA molecules.

 

Using light to move and trap DNA molecules
PhysOrg.com, Jan. 2, 2009

Cornell researchers have shown that a beam of light can trap and move particles as small as 75 nanometers in diameter, including DNA molecules.

The research will allow for creating a “lab on a chip,” in which a tiny biological sample would be carried through microscopic channels for processing. This could make possible portable, fast-acting detectors for disease organisms or food-borne pathogens, rapid DNA sequencing and other tests that now take hours or days.

The apparatus uses a “slot waveguide” — two parallel silicon bars 60 nm apart, serving as two parallel wave guides. Light waves traveling along each guide expand beyond its boundaries, but because the parallel guides are so close together, the waves overlap and most of the energy is concentrated in the slot. In addition to creating a more intense beam, this structure allows a beam of light to be channeled through air or water.

 
Read Original Article>>

10 lights in dark economic times

Filed under: Business — Tags: , , , , , — David Kirkpatrick @ 2:22 pm

It’s list day! Not really, but I am doing two lists posts in a row. Here’s ten things that are good news, as far as that goes, to look forward to during the financial crisis.

From the link, number one — and a great point:

The Savings Rate Should Increase
The slowdown in consumer spending is actually a good thing. While often decried as an accelerator of the downturn — which it surely is — the pullback in consumer spending will benefit the economy in the long term. Consumers have been on a shopping spree for two decades, and household savings have suffered. In 2007, the household savings rate was 0.6 percent. In some recent quarters, the rate turned negative, indicating that people borrowed more than they saved. As a result, many families have very little cushion to protect themselves from the vagaries of life. And, even disregarding the recent damage wrought on 401(k)s, a staggering number of people have not put away enough for retirement. At the same time, their ability to invest their savings in U.S. businesses by buying bonds and stocks has dwindled. Instead, U.S. business growth has become highly dependent on foreign investors, whose willingness to send funds to these shores could fade at any time.

“Consumer spending needs to slow down,” says Matthew Slaughter, professor of international economics at the Tuck School of Business at Dartmouth. “It’s a really important long-run structural issue for the financial health of families and the economy. More savings means companies can undertake more investment to drive faster economic growth.”

11 stupid tech moments in 2008

Filed under: Business, Technology — Tags: , , , — David Kirkpatrick @ 2:17 pm

A list from CIO.com. Interesting and funny, always a good combination.

From the link, here’s the last of the eleven:

Effective Employee Relations During Difficult Times

In perhaps the e-mail dummheit of the year, the media consulting firm Carat accidentally shared with its employees both the news of impending layoffs, and the cool and calculated ways it intended to communicate them. The e-mail message, which was intended only for senior managers, included a PowerPoint slide show with talking points (obtained by AdAge). From the talking points:

“If you would like to go home today and come back tomorrow to clean out your desk or office, you are free to do so. We would like you to meet with your manager following our meeting to transition your work. We will be communicating to your team today. Your manager will be contacting clients. We ask that you do not contact your clients to discuss this situation.”

The e-mail was sent out by Carat’s top HR exec in New York. I can only imagine the scene: panic, screaming, high heels running down a well-appointed hallway toward the IT office. The company’s IT department tried to pull back the wayward e-mail, but failed.

SEC is about to get it from Congress

Filed under: Business, Politics — Tags: , , , — David Kirkpatrick @ 2:09 pm

Can’t say it’s undeserved. This year has been an abject failure of the meager regulatory role the SEC has been asked to perform over recent years. There wasn’t much to regulate, and what little was expected either didn’t happen, or was so incompetent it might have not been there at all.

Probably the incompetence was more damaging than no regulation because it gave all these illegal activities the veneer of legitimacy. I think the current crop of SEC officials, starting with Christopher Cox, should be held liable for some measure of the economic pain facing the US right now.

From the link:

Lawmakers on Monday raised a number of regulatory reform ideas for the Securities and Exchange Commission in light of the agency’s failure to identify an alleged $50 billion Ponzi scheme operated by New York investor Bernard Madoff.

“The inability of the SEC to identify failure at the Madoff funds for almost a decade has exacerbated cynicism among investors and delayed recovery [of the financial industry],” said Rep. Gary Ackerman, D-New York.

Madoff, who was arrested in December and charged with securities fraud, oversaw a fund that managed capital for investors of varying income, hedge funds, banks and institutions including foundations, pension funds and charities.

In response to Madoff’s arrest, a number of lawmakers on the House Financial Services Committee said they want to examine whether legislation should be drafted that reforms the way the SEC inspects investment fund managers, how fund accounting firms are regulated and whether agency commissioners should be prohibited from immediately taking jobs in the financial services industry when they finish their stint at the commission.

Others sought more resources for the SEC’s enforcement bureau and raised concerns about the expertise levels of agency fund oversight officials.

Toyota turns the lights off for 11 days

Filed under: Business — Tags: , , , , , — David Kirkpatrick @ 2:00 pm

GM and Chrysler may have shut factories down this month to save money and prep for an uncertain future. Toyota has followed-suit because of slumping sales.

The credit crunch hit automakers hard, and now that hard times are settling in it’s an easy bet the market for new cars will become very soft. Not many people are going to trade-in a working car, and less likely still, a paid-off car under this economic climate.

From the link:

Toyota Motor Corp (7203.T) is to halt production at its Japanese plants for 11 days in February and March as a sharp slide in U.S. sales has left dealers’ lots full of unsold cars.

A 37 percent slump in December sales in Toyota’s biggest market was its sharpest fall in more than a quarter of a century and worse than declines at struggling U.S. rivals General Motors (GM.N) and Ford Motor (F.N).

“I never expected the crisis to spread this fast and leave this deep a scar,” Toyota President Katsuaki Watanabe told reporters at a Tokyo event hosted by Japan‘s top business lobbies.

Toyota had already announced a three-day production halt for this month at its 12 directly operated Japanese plants — four car assembly plants and eight for engines, transmissions and other components.

A sweeping suspension of domestic production is almost unprecedented. In 1993, Toyota halted output for one day as a strong yen hammered sales.

Japanese-built cars make up around 40 percent of Toyota’s sales in the United States, where foreign-made cars and trucks have been piling up at ports and dealers’ yards.

Drawing while drunk with Matt Diffee

Filed under: Arts, et.al., Media — Tags: , , , — David Kirkpatrick @ 5:05 am

If you don’t know Matt Diffee’s work (if you do, it’s most likely from New Yorker cartoons) this won’t have near the impact as for someone who does.

His typical finished work is precise, clean and simple. Tiny pieces of art with a funny caption tacked on as an afterthought. Not quite that, but they could be.

This is from a New Yorker “cartoon lounge” blog post on his best and worst sketches of 2008.

His caption for this?

by Matthew Diffee

by Matthew Diffee

Nate Silver fisks the WSJ editorial board

Filed under: Media, Politics — Tags: , , , , , , — David Kirkpatrick @ 2:54 am

And does an epic takedown.

FiveThirtyEight is becoming a post-election must read for political junkies. It absolutely was during the election for the incredibly prescient projections on the elections this year.

Now that the election is done they’re cleaning up the loose ends — such as the Coleman/Franken recount in Minnesota, and as it happens the subject of the fisked op-ed –and branching out into politics beyond polling, statistics and elections.

Naturally, this sort of analysis betrays the pretty strong lean to the left, but whatever your personal leanings, not reading this for ideological reasons is silly. These guys are just doing great work right now.

From the first link:

Mr. Franken started the recount 215 votes behind Senator Coleman, but he now claims a 225-vote lead and suddenly the man who was insisting on “counting every vote” wants to shut the process down. He’s getting help from Mr. Ritchie and his four fellow Canvassing Board members, who have delivered inconsistent rulings and are ignoring glaring problems with the tallies.

Actually, Coleman is having far more trouble with the Minnesota Supreme Court, which generally has a conservative reputation, than he is with the Canvassing Board. They’re the ones who rejected his petition on duplicate ballots, and they’re the ones who rejected his notion of wanting to tack on additional ballots to the absentee ballot counting.

Under Minnesota law, election officials are required to make a duplicate ballot if the original is damaged during Election Night counting. Officials are supposed to mark these as “duplicate” and segregate the original ballots. But it appears some officials may have failed to mark ballots as duplicates, which are now being counted in addition to the originals. This helps explain why more than 25 precincts now have more ballots than voters who signed in to vote. By some estimates this double counting has yielded Mr. Franken an additional 80 to 100 votes.

There are 25 precincts with more ballots than voters? I’m not sure this is actually true. There were certain precincts with more votes counted during the recount than there were on Election Night — which is not surprising, considering that the whole purpose of a hand recount is to find votes that the machine scanners missed the first time around. I have not seen any evidence, on the other hand, that there are precincts with more votes than voters as recorded on sign-in sheets. And the Coleman campaign evidently hasn’t either, or it presumably would have presented it to the Court, which rejected its petition for lack of evidence.

Also, note the weasel-wordy phrase “by some estimates”, which translates as “by the Coleman campaign’s estimate”. There is no intrinsic reason why Franken ballots are more likely to be duplicated than Coleman ballots, especially when one significant source of duplicate ballots is military absentees, a group that presumably favors the Republicans. Coleman, indeed, only became interested in the issue of duplicates once he fell behind in the recount and needed some way to extend his clock. Before then, his lead attorney had sent an e-mail to Franken which said that challenges on the issue of duplicate ballots were “groundless and frivolous”.

Coulter banned from NBC

Filed under: Media, Politics — Tags: , , , — David Kirkpatrick @ 2:05 am

Seems a little harsh, but Coulter is nothing more than a dog-and-pony show built to line her pocket through faux outrage.

From the Drudge Report flash link:

The nation’s top selling conservative author has been banned from appearing on NBC, insiders tell the DRUDGE REPORT.

“We are just not going to have her on any more, it’s over,” a top network source explains.

But a second top suit strongly denies there is any “Coulter ban”.

“Look for a re-invite, as soon as Wednesday,” said the news executive, who asked not to be named.

NBC’s TODAY show abruptly cut Ann Coulter from its planned Tuesday broadcast, claiming the schedule was overbooked.

Executives at NBC TODAY replaced Coulter with showbiz reporter Perez Hilton, who recently offered $1,000 to anyone who would throw a pie at Ann Coulter. Hilton is also launching a new book this week, RED CARPET SUICIDE.

Coulter was set to unveil her new book, GUILTY.

News from the department of “no duh”

A release from yesterday stating the obvious.

The release:

Majority of teens discuss risky behaviors on MySpace, studies conclude

Studies validate parental and physician concerns about teen online communications and suggest using MySpace to intervene

SEATTLE – January 5, 2009: In a pair of related studies released by Seattle Children’s Research Institute and published in the January 2009 issue of Archives of Pediatric & Adolescent Medicine, researchers found that 54 percent of adolescents frequently discuss high-risk activities including sexual behavior, substance abuse or violence using MySpace, the popular social networking Web site (SNS). The studies, Adolescent Display of Health Risk Behaviors on MySpace, and Reducing At-Risk Adolescents’ Display of Risk Behavior on a Social Networking Web Site, were led by research fellow Megan A. Moreno, MD, MPH, MSEd, and Dimitri Christakis, MD, MPH, of the Center for Child Health, Behavior and Development at Seattle Children’s Research Institute, and the University of Washington.

With the rise in SNSs’ popularity and use, parents and those who work with teens have concerns that these sites might expose teens to ill-intentioned online predators, cyberbullies and increased peer pressure. There are also fears that university enrollment and future hiring decisions may be compromised by what adolescents post online in personal profiles. SNSs like Facebook.com and MySpace.com are increasingly popular; MySpace, the most commonly used SNS, has more than 200 million profiles, with 25 percent belonging to youth under 18, according to multiple studies.1, 2

“As with television, movies, games and all media, social networking sites are neither inherently good nor bad,” said Christakis, Director of the Center for Child Health, Behavior and Development at Children’s. “Their upside needs to be acknowledged even as we remain concerned about their downside. We need to devise ways to teach teens and their parents to use the internet responsibly. In the 90′s we talked about a digital divide that separated rich from poor. That divide is quickly narrowing, but a new one is emerging rapidly: the 21st century digital divide separates too many clueless parents from their Internet-savvy children.”

In their study Adolescent Display of Health Risk Behaviors on MySpace, the research team collected information directly from readily available public MySpace profiles. A total of 500 randomly chosen Web profiles of self-reported 18-year-old males and females from the United States provided the data. Researchers examined the extent to which high-risk behaviors were reported in the profiles, as well as any correlations that suggested that certain behaviors may be influenced by other items, interests or activities. They found that 54 percent of the MySpace profiles contained high-risk behavior information, with 41 percent referencing substance abuse, 24 percent referencing sexual behavior and 14 percent referencing violence. In the study, females were less likely to display violent information than males, and teens who reported a sexual orientation other than “straight” showed increased displays of references to sexual behaviors. Profiles that demonstrated church or religious involvement were associated with decreased displays of risky behaviors, as were profiles that indicated engagement in sports or hobbies.

“Online displays of risky behaviors may actually just be displays,” said Moreno, formerly a research fellow at Children’s and now Assistant Professor of Adolescent Medicine at the University of Wisconsin School of Medicine and Public Health. “Some teens may be grandstanding, or may be indicating intention or considered behavior. If that’s the case, then there’s a silver lining because this presents opportunities for education and prevention before risky behavior takes place.” Moreno adds, “When online displays of dangerous behavior discuss actual behaviors, the good news is that teens may be amenable to participating in online interventions. Our related study looked at this, and we were happy to see that even a brief email intervention may be feasible and showed promise for influencing online behavior.”

The researchers’ pilot study Reducing At-Risk Adolescents’ Display of Risk Behavior on a Social Networking Web Site examined whether a physician’s online communication to teens about references to sex and substance abuse found in their MySpace profile would have a positive impact on reducing online display of such behaviors in the SNS. Looking at 190 self-described 18 to 20-year olds with public MySpace profiles that met study criteria for being at-risk, the profiles received a single intervention email from “Dr. Meg,” the physician online profile of Moreno, who became a MySpace member. Her profile displayed information about her professional credentials and research interests. The email was sent from within the MySpace system to the subjects’ profiles, and no personal emails were used. The intervention provided basic information about the risky nature of online personal disclosures and also provided a resource link to a Web site containing information about testing for sexually transmitted infections.

Three months after the MySpace email intervention, the same online profiles were evaluated again for references to sex and substance use, as well as any changes in profile security settings (switching from a “public” to a “private” profile). At the beginning of this study, 54 percent of subjects referenced sex and 85 percent referenced substance use. After the email intervention, 13 percent of the profiles decreased references to sex behaviors, and 26 percent decreased their substance use references. Ten percent of the profiles changed their security listings from “public” to “private,” and a total of 42 percent of the profiles implemented any of these three protective measures. Of those who received the email intervention females were most likely to eliminate sexual references.

Using results from both studies, the researchers conclude that SNS are readily available tools to identify displayed health information and also to communicate with teens about these displays, and they are another way parents and physicians can learn about how adolescents make health-related choices. They add that adolescence is a period of identity exploration which now includes online identity, and adolescents may be open to communicating with health professionals about their online displays. The researchers provide tips for parents and healthcare providers: http://www.seattlechildrens.org/home/press_room/teens_and_myspace.asp.

 

###

 

For edited audio bites of Dr. Dimitri Christakis discussing findings from both studies, MySpace and helpful tips for parents, please visit: www.seattlechildrens.org/home/assets/press_release/christakis_myspace.mp3.

For more helpful related information visit: www.seattlechildrens.org/internet safety for teens, www.WiredSafety.org, www.NetBullies.org, www.kids.getnetwise.org and www.webwisekids.org.

In the Adolescent Display of Health Risk Behaviors on MySpace study, Drs. Moreno and Christakis were joined by Frederick J. Zimmerman, PhD, also from Children’s and the University of Washington (UW), and Malcolm R. Parks, PhD, from the UW, along with Tara E. Brito from the University of Notre Dame. For the second study, Reducing At-Risk Adolescents’ Display of Risk Behavior on a Social Networking Web Site, Moreno and Christakis were again joined by Zimmerman from Children’s and the UW, Parks from the UW, and Ann VanderStoep, PhD, and Ann Kurth, PhD, both from the UW.

References:

1. Bausch, S, Han L. Social networking sites grow 47%, year over year, reaching 45% of Web users, according to Nielsen/NetRatings. Nielsen Ratings Web site. http://www.nielsen-netratings.com/pr/pr_060511.pdf. Accessed January 8, 2008.

2. Granneman S. MySpace, a place without MyParents. Security Focus Web site. http://www.securityfocus.com/columnists/408. Accessed January 8, 2008.

About Seattle Children’s Research Institute

At the forefront of pediatric medical research, Seattle Children’s Research Institute has nine major centers, and is internationally recognized for advancing discoveries in cancer, genetics, immunology, pathology, infectious disease, injury prevention and bioethics. In its quest to cure childhood disease, the research institute brings discoveries to the bedside in partnership with Seattle Children’s Hospital and Seattle Children’s Hospital Foundation. Together they are Seattle Children’s, known for setting new standards in superior patient care for more than 100 years. Children’s serves as the primary teaching, clinical and research site for the Department of Pediatrics at the University of Washington School of Medicine, which consistently ranks as one of the best pediatric departments in the country. For more information visit http://research.seattlechildrens.org/.

January 5, 2009

SEC changes oil and gas company reporting requirements

Filed under: Business, Politics — Tags: , , — David Kirkpatrick @ 9:29 pm

A release from the Securities and Exchange Commission:

SEC Modernizes Oil and Gas Company Reporting Requirements to Provide Investors With More Meaningful and Comprehensive Disclosure

FOR IMMEDIATE RELEASE
2008-304

Washington, D.C., Dec. 29, 2008 — The Securities and Exchange Commission today announced that it has unanimously approved revisions to modernize its oil and gas company reporting requirements to help investors evaluate the value of their investments in these companies.

“In the more than a quarter century since the SEC last reviewed its rules in this area, there have been significant changes in technology that have increasingly limited the usefulness of current disclosures to the market and investors,” said SEC Chairman Christopher Cox. “These updates to the SEC rules will help ensure more meaningful and comprehensive disclosure of information that, even though it does not appear on a company’s balance sheet, is of significance to investors in making informed investment decisions.”

John W. White, the Director of the SEC’s Division of Corporation Finance, added, “The Commission’s adoption of these rule amendments is the final phase of a key, long-term initiative of the Division of Corporation Finance and the Office of the Chief Accountant. These updated rules consider the significant changes that have taken place in the oil and gas industry since the adoption of the original reporting requirements more than 25 years ago.”

The Commission staff first recommended the issuance of a Concept Release for public comment. Those public comments were used to formulate the rule amendments that the Commission proposed earlier this year.

The new disclosure requirements approved by the Commission include provisions that permit the use of new technologies to determine proved reserves if those technologies have been demonstrated empirically to lead to reliable conclusions about reserves volumes. The new requirements also will allow companies to disclose their probable and possible reserves to investors. Currently, the Commission’s rules limit disclosure to only proved reserves.

The new disclosure requirements also require companies to report the independence and qualifications of a reserves preparer or auditor; file reports when a third party is relied upon to prepare reserves estimates or conducts a reserves audit; and report oil and gas reserves using an average price based upon the prior 12-month period rather than year-end prices. The use of the average price will maximize the comparability of reserves estimates among companies and mitigate the distortion of the estimates that arises when using a single pricing date.

* * *

The full text of the adopting release concerning these amendments will be posted to the SEC Web site as soon as possible.

# # #

 

http://www.sec.gov/news/press/2008/2008-304.htm

UK ends stock shorting ban

Filed under: Business — Tags: , , , — David Kirkpatrick @ 9:23 pm

The U.K. Financial Services Authority came to its senses and ended the idiotic ban on shorting financial stocks. This move punished a group without a hint of blame in the ongoing financial crisis and likely did some real harm to all markets.

From the link:

The short ban might already have caused longer-lasting harm by injecting doubt over the very rules of the game. To have maintained it in today’s less febrile environment would have made no sense, leading to less effective price discovery and wider spreads. After all, recent losses in financial stocks are the result of management and bulls getting carried away during the boom, not shorts profiting on the way down.

Panetta to head CIA

Filed under: Politics — Tags: , , , — David Kirkpatrick @ 3:55 pm

An interesting choice for a beleaguered agency. Panetta will have his hands full between dealing with the Bush 43 torture aftermath, international terrorism and a somewhat tarnished public brand.

From the link:

President-elect Barack Obama has selected Leon E. Panetta, the former congressman and White House chief of staff, to take over the Central Intelligence Agency, an organization that Mr. Obama criticized during the campaign for using interrogation methods he decried as torture, Democratic officials said Monday.

Mr. Panetta has a reputation in Washington as a competent manager with strong background in budget issues, but has little hands-on intelligence experience. If confirmed by the Senate, he will take control of the agency most directly responsible for hunting senior Al Qaeda leaders around the globe, but one that has been buffeted since the Sept. 11 attacks by leadership changes and morale problems.

Given his background, Mr. Panetta is a somewhat unusual choice to lead the C.I.A., an agency that has been unwelcoming to previous directors perceived as outsiders, such as Stansfield M. Turner and John M. Deutch. But his selection points up the difficulty Mr. Obama had in finding a C.I.A. director with no connection to controversial counterterrorism programs of the Bush era.

Franken will be anounced as Minnesota Senator

Filed under: Politics — Tags: , , , , , — David Kirkpatrick @ 4:03 am

Breaking news here in the middle of the night — in a serious blow to any hope for Norm Coleman’s campaign, the Minnesota Canvassing Board will announce Democrat Al Franken as the victor in the drawn-out recount.

From the link:

The board was to meet Monday and was expected to declare which candidate received the most overall votes from nearly 3 million ballots cast. The latest numbers showed Franken, a Democrat, with a 225-vote lead over Republican Sen. Norm Coleman.

But after the announcement, there will be a seven-day waiting period before an election certificate is completed. If any lawsuits are filed during that waiting period, certification is conditional until the issue is settled in court.

Coleman, who led Franken on election night, hasn’t ruled out a lawsuit challenging the results, claiming there were irregularities that gave Franken an unfair advantage.

The Coleman campaign also has a petition pending before the state Supreme Court to include 650 ballots that it says were improperly rejected but not forwarded by local officials to St. Paul for counting.

January 4, 2009

Wildcard number four — Eagles over Vikings

Filed under: Sports — Tags: , , , , — David Kirkpatrick @ 6:51 pm

The Philadelphia Eagles beat the Minnesota Vikings 26-14 in a spirited game. Maybe too spirited looking at some of the hits delivered by the Eagles defense. I wouldn’t be surprised if the Giants ask the league to watch Brian Dawkins penchant for helmet-to-helmet contact very closely next week.

That said, Philly looks like the charmed team right now. Not great, but good and they seem to have all the breaks falling their way. You can’t discount that in the playoffs. Just ask New York last year.

Here’s next weeks matchups:

NFC

Eagles at Giants

Cardinals at Panthers

AFC

 Chargers at Pittsburgh

Ravens at Titans

Richardson withdraws as commerce secretary

Filed under: Politics — Tags: , , , , — David Kirkpatrick @ 4:36 pm

An early blow to Obama’s cabinet. The transition is some rough water between Blago’s antics, the Caroline Kennedy saga and the ongoing recount in Minnesota leaving that seat in a sort of limbo for now.

From the link:

Governor Bill Richardson of New Mexico, one of the country’s most prominent Hispanic politicians and President-elect Barack Obama’s choice to be commerce secretary, on Sunday dropped out of consideration for that post. He attributed his decision to the ongoing investigation of a company that has done business with New Mexico.

Mr. Richardson said that he would continue as governor, and he added, “Let me say unequivocally that I and my administration have acted properly in all matters and that this investigation will bear out that fact.”

His decision came, he said, after he had concluded “that the ongoing investigation also would have forced an untenable delay in the confirmation process.” Mr. Richardson said in a statement, released by the Obama campaign, that the investigation might last weeks or months.

Wildcard number three — Ravens over Fins

Filed under: Sports — Tags: , , , , — David Kirkpatrick @ 3:01 pm

The Baltimore Ravens advance over the Miami Dolphins 29-9. The game featured five turnovers by the Fins, but it’s fair to say the errors were not unforced.

Baltimore played a methodical, and solid, game.

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