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  • UT Scientist Finds Evidence of Water Ice on Asteroid’s Surface

    Asteriod 24 Themis

    KNOXVILLE — Asteroids may not be the dark, dry, lifeless chunks of rock scientists have long thought.

    Josh Emery, research assistant professor with the earth and planetary sciences department at the University of Tennessee, Knoxville, has found evidence of water ice and organic material on the asteroid 24 Themis. This evidence supports the idea that asteroids could be responsible for bringing water and organic material to Earth.

    The findings are detailed in the April 29 issue of the journal “Nature.”

    Using NASA’s Infrared Telescope Facility on Hawaii’s Mauna Kea, Emery and Andrew Rivkin of Johns Hopkins University in Laurel, Md., examined the surface of 24 Themis, a 200-kilometer wide asteroid that sits halfway between Mars and Jupiter. By measuring the spectrum of infrared sunlight reflected by the object, the researchers found the spectrum consistent with frozen water and determined that 24 Themis is coated with a thin film of ice. They also detected organic material.

    “The organics we detected appear to be complex, long-chained molecules. Raining down on a barren Earth in meteorites, these could have given a big kick-start to the development of life,” Emery said.

    Emery noted that finding ice on the surface of 24 Themis was a surprise because the surface is too warm for ice to stick around for a long time.

    “This implies that ice is quite abundant in the interior of 24 Themis and perhaps many other asteroids. This ice on

    Josh Emery

    asteroids may be the answer to the puzzle of where Earth’s water came from,” he said.

    Still, how the water ice got there is unclear.

    24 Themis’ proximity to the sun causes ice to vaporize. However, the researchers’ findings suggest the asteroid’s lifetime of ice ranges from thousands to millions of years depending on the latitude. Therefore, the ice is regularly being replenished. The scientists theorize this is done by a process of “outgassing” in which ice buried within the asteroid escapes slowly as vapor migrates through cracks to the surface or as vapor escapes quickly and sporadically when 24 Themis is hit by space debris. Since Themis is part of an asteroid “family” that was formed from a large impact and the subsequent fragmentation of a larger body long ago, this scenario means the parent body also had ice and has deep implications for how our solar system formed.

    The discovery of abundant ice on 24 Themis demonstrates that water is much more common in the Main Belt of asteroids than previously thought.

    “Asteroids have generally been viewed as being very dry. It now appears that when the asteroids and planets were first forming in the very early Solar System, ice extended far into the Main Belt region,” Emery said. “Extending this refined view to planetary systems around other stars, the building blocks of life — water and organics — may be more common near each star’s habitable zone. The coming years will be truly exciting as astronomers search to discover whether these building blocks of life have worked their magic there as well.”

    The scientists’ discovery also further blurs the line between comets and asteroids. Asteroids have long been considered to be rocky and comets icy. Furthermore, it was once believed that comets could have brought water to Earth. This theory was nixed when it was discovered comets’ water has different isotopic signatures than water on Earth.

    Now, due to Emery and Rivkin’s findings, many wonder if asteroids could be responsible for seeding Earth with the ingredients for life.

    The Nature article is entitled “Detection of Ice and Organics on an Asteroidal Surface.” The researchers’ work was supported by the NASA Planetary Astronomy program.

    C O N T A C T :

    Whitney Holmes (865-974-5460, [email protected])

  • Win a Sony Ericsson Saito World Cup Package! PhoneDog’s 10K Giveaways

    We’re celebrating a … nevermind what we’re celebrating, it’s not about us. It’s about you! 

    Thanks for supporting us in all the ways that you do. Thanks to Sony Ericsson for giving us a super cool World Cup themed Package to thank you with. Up for grabs is an unlocked SE Saito mobile phone and official World Cup soccer ball and T-Shirt. Here’s the deal: Post a comment to this story and you’ll be entered to win. The winner will be picked at 12 pm Pacific Time on Tuesday, May 4 2010. Posting more than once will not increase your chances of winning.  And that’s pretty much that.

     


  • Quinn angling for more education money as Obama visits Illinois

    Posted by Michelle Manchir at 12:11 p.m.

    SPRINGFIELD — Gov. Pat Quinn is angling for more federal education money ahead of President Barack Obama’s appearance in downstate Quincy today.

    "You can always ask for more money. I think the thing we would like to see if at all possible is getting more money for education from Washington," Quinn said. "The president I know is committed to that but I’m not sure the Congress is and we have to be realistic; we’re not going to get the billion dollars from Washington that we got last year."

    The expected drop off in federal schools aid was one reason Quinn cited last month when he proposed a 33 percent income tax rate hike to avoid a $1.3 billion cut to schools, from kindergarten through college. While a major education cut is in the budget Quinn proposed, lawmakers could cut elsewhere. Lawmakers have shown few signs of wanting to raise the income tax during
    an election year.

    “I’m not going to let the legislature off the hook on that one,” Quinn warned today.

    The governor said next month will bring “quite a battle in making sure we have appropriate funding for education.” Already this year thousands of Illinois teachers and school employees statewide have been issued pink slips.

    The General Assembly is scheduled to adjourn May 7, but the harder deadline is May 31. That’s when it would take a three-fifths vote to pass a budget, giving the out-of-power House Republicans a voice in the final spending blueprint.

  • Holy Cow! Carbon Trading Has Barely Gotten Off The Ground, And There’s Already A Huge Financial Scandal In Europe

    The news out of Europe is that Deutsche Bank and several others have been raided in a C02 swapping tax evasion scheme.

    This is amazing news because the carbon market — a concept beloved by both banks and environmentalists — is still nascent.

    No, we don’t yet know how this is going to play out but really the fact that a market that’s barely gotten off the ground is already drawing suspicious of tax evasion is very damning, and suggests that banks can’t be trusted if the market ever gets huge.

    Stepping back, because European carbon market rules were badly constructed, plenty of companies — not just banks — are already making a fortune — merely by virtue of the fact that slow business has meant they’ve easily come under their goals.

    No. 10: Slovenské elektrárne — a Slovak power company

    No. 10: Slovenské elektrárne -- a Slovak power company

    Map of the company’s power plants in Slovakia.

    Surplus permits in ’08: 1,400,000

    2008 value: $27 million

    2012 est. value: $173 million

    Source: Sandbag

    No. 9: U.S. Steel — operator of factories in Slovakia and Serbia

    No. 9: U.S. Steel -- operator of factories in Slovakia and Serbia

    CEO John Surma

    Surplus permits in ’08: 1,600,000

    2008 value: $31 million

    2012 est. value: $200 million

    Source: Sandbag

    No. 8: CEZ — Czech energy group

    No. 8: CEZ -- Czech energy group

    CEO Martin Roman (left) makes a deal.

    Surplus permits in ’08: 1,700,000

    2008 value: $33 million

    2012 est. value: $210 million

    Source: Sandbag

    No. 7: HeidelbergCement — German cement company

    No. 7: HeidelbergCement -- German cement company

    CEO Bernd Scheifele

    Surplus permits in ’08: 1,700,000

    2008 value: $33 million

    2012 est. value: $210 million

    Source: Sandbag

    No. 6: Salzgitter — German steel company

    No. 6: Salzgitter -- German steel company

    CEO Wolfgang Leese

    Surplus permits in ’08: 2,000,000

    2008 value: $39 million

    2012 est. value: $250 million

    Source: Sandbag

    No. 5: Cemex — Mexican cement co. with over 100 factories in Spain

    No. 5: Cemex -- Mexican cement co. with over 100 factories in Spain

    CEO Lorenzo Zambrano (right) visits Wall Street.

    Surplus permits in ’08: 2,700,000

    2008 value: $52 million

    2012 est. value: $330 million

    Source: Sandbag

    No. 4: SSAB Svenskt Stal — Swedish steel co.

    No. 4: SSAB Svenskt Stal -- Swedish steel co.

    CEO Olof Faxander

    Surplus permits in ’08: 3,300,000

    2008 value: $64 million

    2012 est. value: $410 million

    Source: Sandbag

    No. 3: Corus — a London subsidiary of Tata Steel

    No. 3: Corus -- a London subsidiary of Tata Steel

    Corus facilities in the U.K. Others exist on the mainland.

    Surplus permits in ’08: 3,400,000

    2008 value: $66 million

    2012 est. value: $422 million

    Source: Sandbag

    No. 2: Lafarge — World’s largest cement co. (French)

    No. 2: Lafarge -- World's largest cement co. (French)

    CEO Bruno Lafarge

    Surplus permits in ’08: 4,200,000

    2008 value: $82 million

    2012 est. value: $520 million

    Source: Sandbag

    No. 1: ArcelorMittal — World’s largest steel company (Luxembourg)

    No. 1: ArcelorMittal -- World's largest steel company (Luxembourg)

    CEO Lakshmi Mittal

    Surplus permits in ’08: 14,400,000

    2008 value: $280 million

    2012 est. value: $1,800 million

    Source: Sandbag

    See also…

    See also...

    The Scary Reason Europe Is Doomed To Crisis After Crisis After Crisis

    Join the conversation about this story »


  • Clinton Cites Immigration Reform as Crucial to Solving Long-Term Deficit

    Speaking this morning at the Peter G. Peterson Foundation’s fiscal summit, former President Bill Clinton forcefully argued that immigration reform is crucial to solving the country’s long-term deficit problem. Clinton, who said he had recently visited Arizona — whose governor last week signed a highly controversial and highly stringent immigration bill that, for instance, requires police officers to ask people they suspect of being in the country illegally about their citizenship status — said the belief “might not be popular.”

    But, he said, “If we have any advantage over China, if we have any advantage over India, it’s that we’ve got somebody from everywhere here, and they do well.” Saying that the country “still works for immigrants,” he went on to explain:

    The real reason there’s anti-immigration sentiment is that it’s white, male factory workers without a college degree that got killed in the last decade…. The burdens of the last decade’s economic downturn were on white male high school graduates, or non-high school graduates, or [people with] a couple years of college, who shivered in this economy. Their taxes would be lower if we got more taxpayers…. The pressures on social security and the changes we have to make will be less draconian if there’s more people in the system. I don’t think there’s any alternative but for us to increase immigration. We can start [to increase immigration] at the areas at the top and the bottom [of the earnings spectrum] that will not displace people who are the most insecure [jobs-wise]. I don’t see any way out of [the fiscal crisis] unless that’s part of the strategy.

    Last week, the Obama administration started reaching out to Sen. Scott Brown (R-Mass.), presumably in an effort to woo him as a swing vote for immigration reform. Senate Majority Leader Harry Reid (D-Nev.) and the White House hope to move on immigration reform sometime this year.

  • The ICC Begins to Fade in Importance in Sudan

    by Julian Ku

    The reaction of key countries to the recent Sudan elections electing Sudan’s President al-Bashir are in.  The bottom line seems to be- the elections were deeply flawed, but not so much so that they should be denounced or set-aside.  In the meantime, start planning for the all important referendum on Southern Sudan’s independence, which will require Bashir’s cooperation.  This appears to be the view of the U.S. government, anyway, and it seems largely echoed by the EU.  Interestingly, neither the E.U. nor the U.S. seems to be emphasizing (or even mentioning) the fact that Sudan is continuing to defy its international obligations to turn over individuals demanded by the ICC, including its President.  The focus remains, as it should be, on preserving the delicate peace process in Sudan. But if the U.S. and E.U. do not demand compliance with the ICC, then it is clear that the ICC (at least in the near term) has no chance of completing its prosecutions in Sudan.

  • Carbon Capture and Sequestration (CCS) and Underground Capacity

    How much land area does CCS require? It depends on the site.

    Earlier this week, the Guardian highlighted research that questioned the feasibility of carbon capture and sequestration (CCS), the process of trapping carbon dioxide from power plants and storing it underground. Researchers from the University of Houston have claimed that we would need the underground capacity the size of a small state in order to store the CO2 from just one power plant. Geologists and engineers quickly refuted this claim, pointing to the success of ongoing pilot projects.

    This latest dispute about CCS raises the question: how do we know if there is room to store CO2 underground?

    U.S. Estimates of CO2 Storage Capacity

    CCS depends on storing CO2 in deep geological formations underground. But of course, geology varies greatly by region, and some areas are more suitable than others. For example (PDF), Texas and Louisiana have the highest potential, while states like Maine, Vermont, and Wisconsin have no storage potential at all.

    The US Department of Energy publishes a national atlas of storage capacity by state. The calculations assume (PDF) that even in areas that look promising for CO2 storage, only 1-4% of available geologic capacity will actually be used for CCS. Even with this limitation, the DOE still estimates overall potential for storage in the US to be at 3,600 to 12,900 billion metric tons of CO2. To put that in perspective, the United States’ current annual emissions are about 3,200 million metric tons per year. That is why, despite the challenges, CCS is such a potentially important opportunity in the fight against climate change.

    CCS and Land Area

    When evaluating how much land would be needed to store carbon dioxide, it is important to remember that not all land is created equal in terms of CCS potential. This makes generalizing about CCS an imprecise art. For example, the study cited by the Guardian suggests that a single 500 MW power plant capturing and storing CO2 for 30 years would require 686 mi2 of underground land area, quite a large number. However, the researchers base their calculations on the assumption that the underground geologic reservoir would be only 200 ft thick. If you apply the same methodology to sites with much thicker reservoirs, those power plants would require considerably less land area. That’s why true capacity can only be estimated with site-specific geological information.

    Moving Forward with Carbon Capture and Sequestration

    CCS for power plants is, to be sure, a complicated process. In the United States there is currently one coal fired power plant that is capturing CO2, injecting it and storing it underground today (the Mountaineer Project in New Haven, West Virginia). Others are in the planning stages, and there are many legitimate issues that each CCS project will need to address in order to be successful. That’s why the World Resources Institute convened over 90 leaders from national laboratories, research institutes, environmental organizations and energy companies to create guidelines for safe, effective carbon dioxide storage in the United States. These guidelines answer many of the concerns that CCS skeptics have about issues such as seismic events, potential leaks, and correctly evaluating underground capacity.

    The important point to remember in discussions about CCS is that every geologic reservoir, and thus every CCS site, is unique. The only way to answer remaining uncertainties about CCS, and bring the cost down over time, is through demonstrations and commercial deployments – in other words, real life, site-specific scenarios – as soon as possible.

    Additional Information

    Birkholzer, J.T., Zhou, Q., Tsang, C.F., 2009. Large-scale impact of CO2 storage in deep saline aquifers: a
    sensitivity study on the pressure response in stratified systems. Int. J. Greenhouse Gas Control 3(2), 181–194.

    Birkholzer, J.T., Zhou, Q., 2009. Basin-Scale Hydrogeologic Impacts of CO2 Storage: Capacity and
    Regulatory Implications, International Journal of Greenhouse Gas Control, published online on 8/8/2009,
    DOI: 10.1016/j.ijggc.2009.07.002.

    Dooley, J., Davidson, C., 2010. A Brief Technical Critique of Ehlig-
    Economides and Economides 2010: “Sequestering Carbon Dioxide in a Closed
    Underground Volume.” United States Department of Energy. Available here.

    Nicot, J.P., 2008. Evaluation of large-scale carbon storage on fresh-water section of aquifers: A Texas study.
    Int. J. Greenhouse Gas Control 2(4), 582–593.

    Yamamoto, H., Zhang, K., Karasaki, K., Marui, A., Uehara, H., Nishikawa, N., 2009. Numerical investigation
    concerning the impact of CO2 geologic storage on regional groundwater flow. Int. J. Greenhouse Gas
    Control, 3(5), 586-599.

    Zero Emissions Platform, The Realities of Storing Carbon Dioxide

    Zhou, Q., Birkholzer, J.T., Tsang, C.F., Rutqvist, J., 2008. A method for quick assessment of CO2 storage
    capacity in closed and semi-closed saline formations. Int. J. Greenhouse Gas Control 2(4), 626–639.

  • HTC Has To Pay Microsoft To Use Android?

    This came completely out of left field. Microsoft made a few claims that HTC infringed on a few of their patents. HTC obviously agreed that they did and will now pay royalties to not only Google but Microsoft as well to use Android on their handsets.

    Microsoft and HTC have had a long standing business relationship. The best WinMo devices come from HTC, that’s what makes this move by Microsoft so odd. Maybe they want to slow down Android in any way they can? There is no mention on which Microsoft patents HTC violated with their Android phones. HTC clearly agreed to pay because they are currently locked into a battle with Apple over various patents. This move may cause the price of future Android handsets from HTC to go up. Either way I’m sure they will continue to make awesome yet affordable Android devices.

    “HTC and Microsoft have a long history of technical and commercial collaboration, and today’s agreement is an example of how industry leaders can reach commercial arrangements that address intellectual property,” Horacio Gutierrez, corporate vice president and deputy general counsel of Intellectual Property and Licensing at Microsoft, said in the official statement. “We are pleased to continue our collaboration with HTC.”

    [via wmexperts]

  • Ricky Gervais Golden Globe 2011 Host

    Ricky Gervais will return as host of the Golden Globe Awards in 2011.

    The Hollywood Foreign Association has tapped the comic — who won solid reviews in his Globes debut this year — to front the 68th Annual Golden Globe Awards, airing live from the Beverly Hilton Hotel Sunday, Jan. 16, 2011 on NBC.

    Nominations will be announced Dec. 15.

    “I can’t believe they invited me back after awful things I said. Let’s see how far I can go this time,” an enthused Ricky remarked in a presser issued Wednesday.


  • Salazar approves Cape Wind, first U.S. offshore windfarm: “This will be the first of many projects up and down the Atlantic coast.”

    http://wiki.ggc.usg.edu/mediawiki/images/0/08/Cape-wind-power-farm-b1.jpg

    Secretary of the Interior Ken Salazar today approved the Cape Wind renewable energy project on federal submerged lands in Nantucket Sound, but will require the developer of the $1 billion wind farm to agree to additional binding measures to minimize the potential adverse impacts of construction and operation of the facility….

    A number of similar projects have been proposed for other northeast coastal states, positioning the region to tap 1 million megawatts of offshore Atlantic wind energy potential, which could create thousands of manufacturing, construction and operations jobs and displace older, inefficient fossil-fueled generating plants, helping significantly to combat climate change.

    At the press conference, Salazar said he expected this would be the “first of many projects up and down the Atlantic coast.”  He said America was leading  “a clean energy revolution that is reshaping our future” and that “Cape Wind is the opening of a new chapter in that future.”

    The announcement could not have been better timed.  Offshore wind taps the clean, safe energy of the 21st century that never runs out, in contrast to that other offshore energy resource, the not-so-clean, not-so-safe energy of the 19th century that can’t sustain the human race (see Spill Baby Spill and ‘Safe’ offshore oil rig explodes, 12 missing, seven critically hurt).

    The DOI news release is here, project fact sheet here.

    The project calls for 130 turbines of 3.6 megawatts, each with a maximum blade height of 440 feet, to be arranged in a grid pattern in 25 square miles of Nantucket Sound in Federal waters offshore Cape Cod, Martha’s Vineyard, and Nantucket Island. The projected maximum electric output would be 468 MW (average of 183 MW).

    Here is what the project would bring to the region.

    The Cape Wind project would be the first wind farm on the U.S. Outer Continental Shelf, generating enough power to meet 75 percent of the electricity demand for Cape Cod, Martha’s Vineyard and Nantucket Island combined. The project would create several hundred construction jobs and be one of the largest greenhouse gas reduction initiatives in the nation, cutting carbon dioxide emissions from conventional power plants by 700,000 tons annually. That is equivalent to removing 175,000 cars from the road for a year.

    The junior Senator from Massachusetts begs to differ:

    US Senator Scott Brown criticized Salazar’s decision, saying it was “misguided.”

    “With unemployment hovering near ten percent in Massachusetts, the Cape Wind project will jeopardize industries that are vital to the Cape’s economy, such as tourism and fishing, and will also impact aviation safety and the rights of the Native American tribes in the area. I am also skeptical about the cost-savings and job number predictions we have heard from proponents of the project,” Brown said in a statement.

    I guess he’d rather be drilling off the coast of Massachusetts.

    Related Post:

    < Back to front page Text size +

    Interior secretary approves Cape Wind, nation’s first offshore wind farm

    Posted by Beth Daley April 28, 2010 12:33 PM

    By Beth Daley and Martin Finucane

    In a groundbreaking decision that some say will usher in a new era of clean energy, U.S. Interior Secretary Ken Salazar said today he was approving the nation’s first offshore wind farm, the controversial Cape Wind project off of Cape Cod.

    salazar_nantucket.jpg

    Secretary Ken Salazar

    “This will be the first of many projects up and down the Atlantic coast,” Salazar said at a joint State House news conference with Governor Deval Patrick. The decision comes after nine years of battles over the proposal.”America needs offshore wind power and with this project, Massachusetts will lead the nation,” Patrick said.

    The decision had been delayed for almost a year because of two Wampanoag Indian tribes’ complaints that the 130 turbines, which would stand more than 400 feet above the ocean surface, would disturb spiritual sun greetings and possibly ancestral artifacts and burial grounds on the seabed, which was once exposed land before the sea level rose thousands of years ago.

    Salazar said he had ordered modifications to “minimize and mitigate” the impact of the project that would “help protect the historical, cultural, and environmental resources of Nantucket Sound.” He said his approval would require Cape Wind to conduct additional marine archaeological surveys and take other steps to reduce the project’s visual impact.

    “I am convinced there is a path we can take forward that both honors our responsibility to protect historical and cultural resources and at the same time meets the need to repower our economy with clean energy produced from wind power,” he said.

    He said the United States was leading “a clean energy revolution that is reshaping our future. … Cape Wind is the opening of a new chapter in that future and we are all a part of that history.”

    Supporters have long said an approval would be a giant step forward for renewable energy efforts in the country, while opponents have said they would seek to kill the project through legal action. The project, if it is not held up by lawsuits, could begin construction within the year.

    The project has undergone years of environmental review and political maneuvering, including opposition from the late Senator Edward M. Kennedy, whose home overlooks Nantucket Sound. While opponents’ main concern is esthetics — the turbines would be visible low on the horizon from the Cape and Islands — the battle was fought by raising other issues, including possible effects on property values and harm to birds, fishing, aviation, and historic and cultural sites.

    Horseshoe Shoals, the part of Nantucket Sound where the wind farm is proposed, is widely considered the best place along the East Coast to build a wind farm. That’s in part because the site is in shallow, sheltered waters close to shore — the nearest beach is five miles away. But it is also because it is in federal waters: Political will to build such a massive wind farm in state waters three miles from shore does not exist.

    Salazar said the project would create 1,000 construction jobs and produce energy equivalent to that of a medium-sized coal-fired power plant. He said it would reduce carbon emissions by the equivalent of 175,000 cars.

    Cape Wind Associates said the wind farm could produce enough wind power to handle three-quarters of the electric needs of the Cape and Islands. The price of its electricity is expected to be higher than conventional power. The company is still in negotiations with National Grid, the utility, that has agreed to purchase some of the power the farm produces.

    US Senator Scott Brown criticized Salazar’s decision, saying it was “misguided.”

    “With unemployment hovering near ten percent in Massachusetts, the Cape Wind project will jeopardize industries that are vital to the Cape’s economy, such as tourism and fishing, and will also impact aviation safety and the rights of the Native American tribes in the area. I am also skeptical about the cost-savings and job number predictions we have heard from proponents of the project,” Brown said in a statement.

  • ¿Un Ford Mustang contra los monstruos del GT3?

    mustang-gt33.jpg

    Ya sé que en Highmotor no hablamos exclusivamente de coches de competición, pero no he podido resistir hacer cierta analogía de la noticia. Ford quiere volver a las épocas de gloria en Europa, y preparó un Ford Mustang GT3 para intentar hacerle sombra a los grandes de la categoría, a los monstruos europeos del GT3. Pareciera que Ford busca que el Mustang tenga más presencia en Europa, en donde no es un coche que sea muy vendido que digamos. De hecho, si no es en Alemania en donde es más común ver aluno circulando por la autobahn, ver un Mustang en las calles resulta algo que no es cosa de todos los días.

    El Mustang será confiado a un equipo de competición belga-canadiense y competirá este mismo año, aunque todavía no se sabe en qué carrera del calendario hará su debut. El proceso de pruebas ya ha comenzado y el Mustang ya fue presentado por Ford y trasladado a las instalaciones de Ford en Gran Bretaña, en donde está en fase de pruebas.

    El Mustang tendrá que hacer frente a Alpina, el Ford GT, al Ferrari 430 Scuderia, Lamborghini Gallardo, Audi R8, Corvette y Porsche con el 997… ¿Crees que Ford ha hecho una locura en plantar al Mustang frente a lo más graneado de Europa? En todo caso, sólo resta esperar el resultado de este experimento. En Recta de Meta, tienes unas cuantas fotos de cómo es este Mustang, para saciar tu curiosidad.

    Vía | Recta de Meta



  • Has the Obama deficit panel already failed?

    Well, if you define success as having the commission come up with solutions that can pass Congress, then yes. I am watching several commission members at the Peterson Foundation Fiscal Summit.  They are all downplaying what the commission can accomplish, saying that as long as the panel educates the American public on the debt problem, they will consider it a success.  But will bondholders of U.S. debt agree? Downplaying expectations may avoid an adverse financial market reaction to failure, but I am not sure it should. We won’t cut spending. We won’t raise taxes broadly. And we ignore policies that would boost economic growth. What else is there?

  • Third Cloture Attempt to Start FinReg Debate Fails

    With Democrat Sen. Ben Nelson (D-Neb.) siding again with the Republicans — none of whom crossed over to vote for cloture to start debate on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill — the effort has failed for the third day in a row on a vote of 56 to 42. Reid immediately moved to reconsider, meaning that the Senate will make a fourth attempt tomorrow.

    Dodd and Majority Leader Sen. Harry Reid (D-Nev.) have repeatedly slammed Republicans for blocking the start of formal debate on the bill, saying that they are keeping negotiations secret and that the two parties should hammer out their differences on the floor.

    In truth, the two bills are not that dissimilar. One major change in the Republican proposal — the reform of Fannie and Freddie — is too complex to insert into the Dodd bill. But many other changes would be easy to sub in. Senate staffers say negotiations are centering on the Democrats’ adoption of the Republican version of resolution authority, which is virtually identical in the Republican proposal except that that any losses incurred by the government are recouped after the formal liquidation, rather than before (via the Obama bill’s $50 billion fund).

    The Republicans viewed as most likely to switch continue to be Olympia Snowe (Maine), Susan Collins (Maine) and George Voinovich (Ohio).

  • Match.com Picks Fight With Competitor Plenty of Fish

    Match.com has sent a strongly worded letter — written by the company’s lawyer — to competitor Plenty of Fish, accusing the free dating service of making unsubstantiated claims about its traffic and number of users. The letter, which Plenty of Fish founder Markus Frind has posted on his blog, lists a series of almost a dozen claims that the site makes about how many dates its members have been on and how many people sign up every day (20,000 people, according to Plenty of Fish). Match.com’s lawyer Marshall Dye in the letter alleges that these claims “cannot be supported and are misleading and/or false.”

    The letter from Match.com — which is owned by entertainment and media giant IAC — goes on to demand that Plenty of Fish “immediately cease and desist from making these false claims.” But then it takes a dramatic shift in tone, with the Match.com lawyer offering an olive branch to its largest competitor:

    If your position is that these claims are substantiated, please promptly provide me with substantiation for each of these claims by return letter. If disclosing the substantiation data concerns you, Match.com is open to entering into a confidentiality agreement.

    Judging by the tone of Frind’s response on his blog — not to mention the posting of the letter itself — there doesn’t seem to be much chance of such a friendly and confidential meeting. He notes that Match.com tried to launch its own free service called Down to Earth to compete directly with Plenty of Fish (which has always had a free service), but that it has since backed away from that attempt. Frind has also posted what he says are the comScore metrics for the top dating sites worldwide, which puts Plenty of Fish in the No. 1 spot with 1.2 million average daily visitors, almost twice Match.com’s average of 680,000.

    As one commenter noted on the Plenty of Fish blog post, the letter from Match.com is very similar to one that Quicken sent to competitor Mint last year asking for proof of its claims. Could the letter to Plenty of Fish be a prelude to a marriage of some kind between the two sites? Match.com has been expanding recently, and acquired Singlesnet in February. Plenty of Fish, which Frind started in his Vancouver, British Columbia apartment and still runs with only a handful of people, is by far the company’s biggest competitor, and reportedly gets over a billion page views a month.

    In an ironic twist at the end of his blog post about the Match.com letter — which refers to claims about how many users of the service eventually marry one another — the Plenty of Fish founder notes that he doesn’t have a lot of time to pay attention to his competitor’s threats because he’s tying the knot this weekend.

    Related content from GigaOM Pro (sub req’d): Why New Net Companies Must Shoulder More Responsibility

    Post and thumbnail photos courtesy of Flickr user Mark Sebastian

  • Ford Annual First Quarter Profit Sits at $2.8 Billion

    Ford has been one automobile outfit that has withered the storm of the credit crisis in the best possible manner, compared to other giants from this arena. The Blue Oval posting a profit in the first quarter of 2010 therefore does not come across as a huge surprise. What is a surprise though is the quotient of the profit against the expected profit for Q1, 2010.

    ford

    While analysts thought that Ford will make around $1 billion in profit in Q1, the actual profit at the end of the first three months for 2010 sits at a whopping $2.8 million. The biggest reason for this successful quarter is Ford’s largest quarterly gain (2.7%) in the US market since 1977. Ford Europe though was a bit of a disappointment as the pre-tax operating profit posted was a modest $107 million despite Ford being the best selling brand with a hefty market share.

  • Sponsor post: Sponsor post: Carriers Must Open Up to Be Successful With Their Mobile App Market

    We live in an Apple-dominated application development environment and it doesn’t need to be that way. Carriers can stay relevant by making application enablement more open and agile. Network operators have been offering app stores for a lot longer than Apple, but none of their “walled gardens” have been nearly as successful as Apple’s in such a short period of time.

    Alcatel-Lucent’s strategic white paper “Driving the Application Explosion: Implications for network providers – challenges and recommendations” (PDF) offers up this great app store development advice:

    Build a holistic financial case: Direct revenues must also be combined with indirect benefits such as application delivery, cost-cutting and brand loyalty.

    Explore new business models: It recommends five different models (Operator Led, Aggregator, Mass Wholesale, Enterprise Customer and Trusted Partner), all of which are currently used by carriers. They vary in terms of control and alignment of relationships in the mobile ecosystem.

    Industrialize processes: When you get a dramatic increase in application enablement, simply standardize processes and support systems (e.g., business process management, catalogs, automated testing, governance,and monitoring) to streamline costs.

    Lessen fragmentation to achieve scale: The more standardization across network providers for application development, the greater opportunity for all to bring aboard more users.

    The current “everybody’s got their own rules” carrier environment can no longer work. Developers don’t have the bandwidth to mine through all the complicated relationships. Success requires adopting new business models and embracing open development. Make sure you read the full article. There’s some fantastic advice.

    Click here to view all Alcatel-Lucent posts

  • Dramatic restructuring of dinosaur feathers revealed by two youngsters of same species | Not Exactly Rocket Science

    SimilicaudipterxAt the Chinese Academy of Sciences, Xing Xu is looking at two beautiful dinosaur fossils, both with clear feathers on their arms and tails. In the smaller specimen, the feathers are like thin ribbons at their base and quills at their tips (with vanes coming off a central shaft). The larger specimen is different – its arm and tail feathers are like quills across their entire length.

    With such different feather structures, you might assume that these animals belonged to different species, but you’d be wrong. They’re actually different life stages of the same animal – Similicaudipteryx. Both are youngsters, but the one with the quill-like feathers is an older version of the one with the ribbons. Together, they demonstrate that the feather of some dinosaurs changed dramatically as they grew older, in a way that we don’t see in any modern bird.

    By now, readers of this blog should be familiar with the idea of feathered dinosaurs (and, indeed, Xing Xu has discovered many of them). A spectacular series of fossils have revealed a wide range of plumes in a wide range of species, and we even know something about their colour. But we still know very little about how these feathers developed as the animals matured, because fossils of young feathered dinosaurs are few and far between. So for Xu to find two, and two of the same species no less, is a real treat.

    Both hailed from Liaoning province of China (where else?), and based on their skulls, spines and hips, Xu has confidently classified them both as Similicaudipteryx, a small predator from the oviraptosaur group. Both animals are clearly youngsters. Although one is larger than the other, they’re both smaller than adult specimens of the same dinosaurs, and some of their bones haven’t fused completely yet.

    The younger animal (a-c below) has downy feathers over much of its back and hips. Elsewhere, it has larger pennaceous feathers (with a shaft and vanes) – 10 on each arm, and 11 much larger ones on its tail. All of these are ribbon-like at the base and quill-like at the tips. The more senior juvenile (d-f below) also had downy feathers on its head, back and hips but its pennaceous feathers are very different to its younger peer. Each arm has 10 primary feathers and 12 secondary ones, and the tail had at least 12 pairs. All of them are quill-like from base to tip and the arm feathers are just as long as the tail ones.

    Similicaudipterx_youngSimilicaudipterx_olderThese differences suggest that Similicaudipterx’s feathers changed dramatically as it grew from hatchling to adult. The move from partial ribbons to complete quills is the most obvious one, especially since the arm and tail feathers of modern birds hardly change after they moult their initial downy birthday suits. It’s possible, but very unlikely, that the individual feathers changed; instead, Xu says that the animal probably moulted its feathers as it grew and replaced them with new ones of a different type.

    There were other changes too. If the younger animal really lacked secondary arm feathers (and it’s possible these just didn’t fossilise well), then Similicaudipteryx must have grown these as it matured. Modern birds have them from hatching. And the fact that the tail feathers outsized the arm ones in the younger individual but not the older one suggests that the feathers developed at different rates. Xu suggests that the arm feathers became more important as adulthood loomed.

    We can probably even guess the genetic events that lay behind these changes. In modern feathers, scientists are well aware of the genes that control the formation of the rachis (the central shaft) and the barbs (the branches that come off the rachis). If you switched off genes that promote the production of barbs, such as sonic hedgehog (don’t ask – developmental biologists make their own fun), you’d get a flat continuous ribbon on either side of the rachis. That’s probably what happened in the younger animal, resulting in a feather that’s half-ribbon and half-quill. These genes were then switched on more forcefully in the older juvenile and in adults.

    The half-ribbon feathers, formally known as “proximally ribbon-like pennaceous feathers” or PRPFs, are found in other dinosaurs, including primitive birds like the confuciusornithids. But they’re nowhere to be seen in modern birds. Because of this, Xu says that the development of the earliest feathers was probably much more varied and flexible than in today’s birds. It takes the discovery of rare and stunning specimens to reveal these programmes, which have since been lost in the course of evolution.

    Reference: Nature http://dx.doi.org/10.1038/nature08965

    More on feathered dinosaurs:

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  • Crist to Run as Independent in FL Sen Race

    Republican Florida Governor Charlie Crist has decided he will run as an independent in the race to fill the Florida U.S. Senate seat, Crist allies tell Fox News. The official announcement is scheduled for Thursday at 5pm ET in St. Petersburg, Florida.

    The Senate campaign has been rough and tumble for Crist, he was once the front-runner — but in recent months began trailing his GOP opponent, Florida State Speaker Marco Rubio.

    Crist has said that under no circumstance would he drop out of the race, saying he will do what is best for the voters of Florida. The governor says Republicans in Washington want him to stay in the Republican party but voters in Florida have told him they want him to run as an independent.

    His campaign and the governor’s office have not officially confirmed anything, however this move by Crist has made internal communications difficult because some staff are unlikely to continue to work with Crist as an independent candidate.

    The governor is expected to use much of Thursday for courtesy calls to supporters, allies and some Republican officials nationwide. Close advisers expect him to say tomorrow that he looks forward to caucusing with Republicans but that is not a certainty, there are still some issues being worked out and discussed.

    Rubio has clinched endorsements from big name Republicans including former Vice President Dick Cheney, New York Mayor Rudy Giuliani and former 2008 presidential candidate and Massachusetts Governor Mitt Romney.

    “Washington is broken and Congress is already overflowing with politicians who need pollsters to tell them what to think. It certainly doesn’t need another one. Now more than ever America needs leaders with the strength of conviction. That is why I am proud to endorse Marco Rubio,” Cheney said in a statement.

    Senate Minority Leader Mitch McConnell, R-Ky., who initially supported Crist, indicated Sunday that if Crist switched to run as an independent, he would no longer support him.

    Crist had until Friday at noon to pick his party affiliation.

    Fox News’ Carl Cameron contributed to this report.

  • Review: 2010 BMW 550i Gran Turismo is the Ultimate Passenger Machine

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    2010 BMW 550i Gran Turismo – Click above for high-res image gallery

    BMW recently launched a new marketing campaign titled “BMW is Joy.” The new tag line is explained as, “Part of a big-media strategy the company is doing to raise its profile worldwide with a more emotional, optimistic voice.” Raising a company’s profile is never a bad thing, however, we question if anything is more high-minded than “The Ultimate Driving Machine,” one of the very best auto-related taglines ever concocted. BMW says it isn’t moving away from its TUDM slogan, but we can’t help but wonder, is BMW is trying to tell us something? What if instead of appealing to those who actually might value the ultimate driving machine, they’re looking instead for other customers?

    Our man Paukert sampled the 535i Gran Turismo last September and came away impressed by the combination of packaging and driving dynamics offered up by BMW’s curious new kinda-wagon. The party piece of the cynically-named Gran Turismo is a slick, trick two-way tailgate that opens either as a tiny trunk or as a cavernous hatch. Or maybe it’s not such a stretch, name-wise. After all, translated the moniker simply means “grand touring,” and after a hard day of driving, being able to easily unload your luggage and get checked into your hotel is its own kind of luxury. Is it possible that the even more potent BMW 550i Gran Turismo is an even better proposition than its slightly weaker sibling? What about compared to a 5 Series Wagon or even an X5? And what about competition from other brands? Given its unconventional form and unique packaging, is there any competition to speak of? More importantly, is it joyful, the ultimate driving anything or a bird of an entirely different feather?

    Make the jump to find out.

    Photos by Drew Phillips / Copyright (C)2010 Weblogs, Inc.

    Continue reading Review: 2010 BMW 550i Gran Turismo is the Ultimate Passenger Machine

    Review: 2010 BMW 550i Gran Turismo is the Ultimate Passenger Machine originally appeared on Autoblog on Wed, 28 Apr 2010 11:58:00 EST. Please see our terms for use of feeds.

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