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  • Rock Star Authors Actually Rocking: Tickets Giveway to RockBottomRemainders


    Rockbottomremainders

    Just because we can, and for no other reason. Long-time friend of ours Lisa Napoli is happy to offer readers free tickets for the Rock Bottom Remainders, on tour this week on the east coast.  The Remainders are a bunch of super-famous authors (including Amy Tan, Dave Barry, Mitch Albom, Roy Blount, Jr., Scott Turow and Greg Isles) who’ve collectively sold 150 million books. They tour each year to raise money for various charitable causes, which this year includes Haitian earthquake relief.

    We’ve got ten pair for the dates in each city.
    APRIL 21—WASHINGTON, DC: Concert at the 9:30 Club—with special guest Roger McGuinn

    APRIL 22—PHILADELPHIA : Concert at The Electric Factory

    APRIL 23—NEW YORK: Concert at the Nokia (NYSE: NOK) Theater in Times Square

    APRIL 24—BOSTON: Concert at The Royale

    Enter your name and e-mail in the form here and the organizers will contact you asap on information about picking up the tickets. The 10 free pairs per city will be given out on first-come-first-serve basis.


  • Eli Lake on the AUMF

    by Kevin Jon Heller

    Eli Lake has a fantastic essay at Reason.com on the myriad ways in which Obama has replicated the worst excesses of the Bush administration with regard to national security.  He rightly identifies the source of the problem — the AUMF, which was passed in a fit of hysteria three days after 9/11 and has no natural expiration date.  Here is the final paragraph:

    Above all, we must be honest with ourselves. Obama, like Bush, is committed to a long war against an amorphous network of terrorists. In at least the constitutional sense, he is no harder or softer than his predecessor. And like his predecessor, he has not come up with a plan for relinquishing these extraordinary powers once the long war ends, if it ever does. If change is going to come to U.S. policy on terrorism, it will have to come from a bipartisan recognition that Americans cannot trust their government to tell them when they are safe again.

    I am normally skeptical of claims that we need more bipartisanship, because in the present political climate they are normally code for “Democrats need to act more like Republicans.”  But there is definitely an elective affinity between progressives and libertarians concerning issues of (ever-expanding) executive power.  When Eli Lake and Glenn Greenwald are in substantial agreement about something, we ignore their views at our peril…

  • Gizmodo.com Purchases New Apple iPhone Accidentally Left At Bar?!

    Visit msnbc.com for breaking news, world news, and news about the economy

    Did an “Apple Genius” leave the prototype for the company’s upcoming iPhone model in a California bar?!

    Gizmodo.com claims an anonymous barfly at Gourmet Haus Staudt, a German beer garden near San Francisco, found the iPhone 4G on a barstool on the night of Thursday, March 19. After no one claimed the item, the lucky finder took it home — and soon discovered that this iPhone looked a lot different that the ones currently on the market. The person then promptly sold the device to Gizmodo for $5,000.

    Apple has remained publicly mum on the security breach, but on Monday, Gizmodo’s editorial director published an official letter he received from Apple requesting that the device be returned immediately.


  • Dyax in $12M Royalty Deal

    Ryan McBride wrote:

    Dyax (NASDAQ:DYAX), a Cambridge, MA-based biotech company, reports today that it has sold its rights to royalties and fees from sales of a hemophilia treatment it discovered to Paul Capital Healthcare for up to $12 million. The deal includes a $10 million upfront payment and up to $2 million in milestone payments tied to  sales of the hemophilia treatment in 2010 and 2011. Drug giant Pfizer (NYSE:PFE) is commercializing the product, a recombinant Factor VIII therapy, which Dyax discovered with its patented phage display technology.












  • The Biggest News in Climate Journalism in Some Time: The Climate Desk | The Intersection

    Yesterday came the announcement of an unprecedented collaboration to create climate change journalism. Meet The Climate Desk:
    The Climate Desk is a journalistic collaboration dedicated to exploring the impact—human, environmental, economic, political—of a changing climate. The partners are The Atlantic, Center for Investigative Reporting, Grist, Mother Jones, Slate, Wired, and PBS’s new public-affairs show Need To Know. There has never been a joining of forces like this…but there is every reason to expect it will produce much valuable content. Moreover, The Climate Desk’s expressed raison d’etre makes four points that I heartily agree with:
    1) Climate change is slow-moving, vast, and overwhelming for news organizations to grapple with. 2) What coverage there is tends to be fractured and compartmentalized—science, technology, politics, and business aspects are covered by different teams, or “desks” of reporters, despite the intrinsic connections. 3) Coverage is too often fixated on imperiled wildlife, political gamesmanship, or the “debate” over the existence of climate change, all at the expense of advancing the bigger story—how we’re going to address, mitigate, or adapt to it. 4) Cuts to news organizations are making matters worse. Yes, indeed, yes. So go check out The Climate Desk, and become a follower. We need all the help we …


  • Shigeru Miyamoto on retirement and games

    Shigeru Miyamoto is already a living legend among game developers. At 57, he’s accomplished more than most industry veterans out there, and he certainly has quite a collection of major awards and recognitions under his belt and

  • Ligand Pockets $6.5M From Roche

    Luke Timmerman wrote:

    San Diego-based Ligand Pharmaceuticals (NASDAQ: LGND) said today it has earned a $6.5 million milestone payment from Switzerland-based Roche in connection with the advancement of a hepatitis C drug candidate into clinical trials. The product, RG7348, was the subject of a collaboration in 2008 between Roche and Metabasis Therapeutics, which Ligand acquired in January. Ligand will keep $2.3 million of the new milestone, pay about $2.7 million to former Metabasis shareholders who were issued a “contingent value right” to milestones from Roche, and use the rest to cover pre-existing contractual obligations.







  • Codexis’s $84M IPO Expected Thursday

    Codexis, the biotech company backed by Royal Dutch Shell and Pequot Capital, is on the starting blocks, set to issue shares this week as part of a much anticipated $84 million Initial Public Offering (IPO). According to some reports the share sale could happen Thursday.

    The Redwood City, Calif., company does not produce biofuel but manufactures synthetic enzymes that convert organic materials — like wood chips, switchgrass, cornhusks, sugar cane — into biofuel. The process can also be used for the pharmaceutical indusry.

    Credit Suisse and Goldman Sachs are lead underwriters. Shares were priced at a range of $13 to $15. This is the second try at an IPO for Codexis which withdrew its previous IPO in 2008 because of the dire market conditions.

    The share offering could act as a barometer of investor appetite for cleantech stocks.  Green-sector companies are eager to take advantage of the improving market conditions. Friday Amyris, a developer of sugar-based second generation biofuel, filed an S-1 with the SEC for a $100 million IPO — see our story below.

    Other expected share sales include the $300 million offering of solar panel maker Solyndra (lead underwriters: Goldman Sachs and Morgan Stanley.). As well as the $100 million offering of electric car maker Tesla Motors (lead underwriters: Goldman Sachs, Morgan Stanley, JP Morgan and Deutsche Bank Securities ).

  • Universities Ban iPads

    Even though the Apple iPad has received much praise for its design and user interface, there are many who aren’t so enamored with the device. That includes a couple American universities that are having problems with the iPad on their networks.

    The problem stems not from the iPad’s popularity but from the way it connects to wireless networks. Princeton University in New Jersey has blocked 20 percent of the iPads on campus because of “malfunctions that can affect the entire school’s computer system.”

    Read more.

  • The “people’s climate conference” in Bolivia kicks off with ambitious aims

    by Tina Gerhardt

    TIQUIPAYA, Bolivia—This small town outside Cochabamba,
    Bolivia—where cows roam freely and campesinos grow fruit, vegetables, and flowers to sell at the local market—is a far cry
    from Copenhagen.  But it’s the latest gathering
    place in the ongoing effort to shape an effective global response to climate
    change. 

    Here, Bolivian President Evo Morales is convening the People’s World Conference on Climate Change this week, an alternative to the unwieldy and thus far unsuccessful U.N. Framework Convention on Climate Change.  NGOs, scientists, activists, indigenous
    leaders, and representatives of 60 to 70 national governments are coming
    together for the event—in all, about 7,500 attendees from 110 countries. 

    The poor nations and poor people of
    the world were left out of dealings at Copenhagen, conference organizers
    argue.  “The only way to get negotiations
    back on track not just for Bolivia or other countries, but for all of life,
    biodiversity, our Mother Earth, is to put civil society back into the process,”
    said Pablo Solón, Bolivia’s delegate to the U.N.  That’s exactly what this week’s conference is
    intended to do. 

    Speakers from all walks of life
    will talk about climate justice: NASA climate scientist James Hansen; actor, director,
    and activist Danny Glover; journalist and activist Naomi
    Klein
    ; Indian environmentalist Vandana Shiva; Egidio Brunetto, a leader of
    Brazil’s Movement of Landless Rural Workers; Lumumba Di-Aping, who served as
    chief negotiator for the G77 group of developing nations at Copenhagen.

    Plenary sessions and working groups—the usual stuff of
    conferences—will be accompanied by lively cultural events and dinners.  The gathering is intended to be truly open
    and inclusive—in marked contrast to the behind-closed-doors negotiating that
    brought about the Copenhagen Accord.  The hope is that the outcomes of this
    conference can influence the next U.N. climate conference in Mexico in
    December, making it more open and fair too. 

    Morales will kick it all off with a speech on Tuesday
    morning; you might be able to catch it on a live stream.   

    What Evo Morales wants

    Morales was one of five heads of state to formally oppose the
    Copenhagen Accord. In what many are interpreting as a direct response to that
    intransigence, the U.S. recently denied
    Bolivia climate aid
    .

    To address climate change on a global level, Morales has put
    forward four suggestions:

    1.  Climate
    reparations from developed nations for developing nations

    While developed or rich nations are historically responsible
    for causing climate change through their greenhouse-gas emissions, poorer
    nations are more likely to feel the effects and are less able to fund and undertake
    changes to adapt to climate change. The idea of reparations was widely
    discussed in Copenhagen and endorsed by well-known figures like Naomi Klein as
    well as organizations like Jubilee South and Focus on the Global South. Here in
    Bolivia, villagers are demanding
    compensation for their glaciers melting
    .

    2.  An international court to prosecute transgressions
    against the environment

    The goal is to establish an International Climate Justice
    Tribunal or International Environmental Court within the U.N. framework,
    modeled on the International Court of Justice, that will seek to enforce nations’
    commitments to reduce greenhouse-gas emissions.

    Last week, international environmental lawyer Polly Higgins put
    forward a related proposal to include
    “ecocide” in the list of crimes against peace
    , so that cases could be tried
    at the International Criminal Court.  

    3.  A Universal Declaration for the Rights of
    Mother Earth

    On Earth Day 2009, Morales
    called on the U.N. General Assembly to develop such a declaration, modeled
    on the U.N. Declaration of Human Rights. 
    “One of the most important implications is that it would enable legal
    systems to maintain vital ecological balances by balancing human rights against
    the rights of other members of the Earth community,” write
    Solón and environmental lawyer Cormac Cullinan
    .

    4.  Development and transfer of clean technology

    The UNFCCC has been discussing technology transfer, and
    Morales wants to make sure it stays on the agenda, so that developed countries
    provide developing countries with the technology necessary to adapt to
    climate change and produce and use energy sustainably and efficiently.

    All this and more will get an airing at the People’s
    Conference.  Tune in later this week to
    learn how it all shakes out. 

    Related Links:

    U.S. lowers expectations for climate treaty this year

    Brazil suspends bidding for controversial dam

    Walking on Two Legs






  • Is there a new ZuneHD in the works?

    Zunited.net reports on director James Gunn’s mention of a new Zune at a Microsoft invite-only event.

    James writes:

    A couple weeks ago I was invited to “The Microsoft Experience,” a forum for showing gadget-loving folks in the media like myself all the new products that Microsoft has and is working on.

    Some of the other stuff – the new Zune, the upcoming Microsoft phone, also looked fantastic.  But, admittedly, I’m going to have a hard time getting out of my 20,000 songs on iTunes to actually switch over to Zune – and I feel stuck to the iPhone because of the apps.  I also saw a new Microsoft tablet which is a lot like the iPad.  However, like the iPad, I have a real fear that these glossy screen reading devices are going to ruin the steps the Kindle (which I adore) and other ereaders took to have a more print-like reading experience.

    James of course writes a lot more about his experience with Project Natal, but his mention of a new Zune is of interest, especially given the lack of compatibility of the current ZuneHD with Windows phone 7, and some other rumours of an upcoming, higher resolution ZuneHD 2

    Read more at Zunited.net and jamesgunn.com here.


  • Win 1 of 30 Copies of HotKeyManager for BlackBerry (BBSync Birthday Bash)

    The first 30 people to leave a comment (without leaving duplicates) will receive a copy of HotKeyManager. This app is great for those who love shortcuts to their favorite applications or events (like phone calls, messages, etc). The app usually retails for $7.99 in the BBSync Store and the first 30 people to comment can get it for free! So go leave a comment and wish us a happy birthday…

    HotkeyManager is a must-have keyboard shortcut manager for BlackBerry owners. With HotkeyManager, you can easily create and manage shortcuts to applications, phone calls and system utilities for your BlackBerry. Boosting up your mobile experience is just one click away!

    HotkeyManager seamlessly integrates with the BlackBerry OS and helps you convert your daily tasks and various BlackBerry functions to a list of keyboard shortcuts. With HotkeyManager, You can setup shortcuts to BlackBerry applications (such as Alarm, Calendar, Google Maps, MemoryUp, NetworkAcc and Texas Hold’Em King 2, etc.), shortcuts to phone calls by simply adding contacts from your BlackBerry contacts, and shortcuts to BlackBerry system utilities (such as Open/Close WiFi, Open/Close Signal, Camera, Email/SMS/MMS/PIN, and Shutdown BlackBerry, etc.). All the tedious scrolling and searching now turns into a single hotkey-click.

    Regular $7.99 – See more details in the BBSync Store

    Rules: Limit one entry per person/per email address. MULTIPLE comments will cause you to be deleted, and you will not win. You must provide a valid email address. Winners will be contacted by April 25th via the email provided.


    You’re reading a story which originated at BlackBerrySync.com, Where you find BlackBerry News You Can Sync With…

    This story is sponsored by the new BlackBerry Sync Mobile App Store. Grab your free copy today at www.GetAppStore.com from your BlackBerry.

    Win 1 of 30 Copies of HotKeyManager for BlackBerry (BBSync Birthday Bash)

    Related posts:

    1. bbSync Birthday Bash: OtterBox case winners!! It's finally time to announce the winners of Birthday…
    2. Happy Birthday BBSync! Great times ahead… Can you believe its that time already? BlackBerry Sync…
    3. BlackBerry Sync’s Birthday Bash – Winners Announced! Well our second Birthday is officially today (April 15th)…

  • iPad Struggles at Some Colleges

    Apple’s iPad isn’t having an easy time during college admissions season. The tablet is having difficulty being accepted at George Washington University and Princeton University because of network stability issues. Cornell University also says it is seeing connectivity problems with the device and is concerned about bandwidth overload.

    [Source: Wall Street Journal]

  • Susan Boyle Autobiography Book “The Woman I Was Born To Be”

    Talent show sensation-turned-multiplatinum-selling singer Susan Boyle has inked a deal to write her autobiography.

    Just what we’ve all been waiting for: the musings of a reformed cat lady.

    The “I Dreamed A Dream hitmaker shot to international stardom after a soul-stirring rendition of the Les Miserables theme on Britain’s Got Talent last year. After a whirlwind 12 months, which has seen her album top charts all over the world, the 49-year-old Scottish spinster wants to lift the lid on her life on the pages of her lifestory.

    She has teamed up with publishers Transworld to pen The Woman I Was Born To Be, which will be published in the UK next fall.

    Transworld promises a book that will tackle “the challenges she has struggled to overcome with faith, fortitude and an unfailing sense of humor.”

    Susan says: “When I strutted on to the stage for that audition, I was a scared wee lassie, still grieving for my mother, not caring how I looked. I think I’ve grown up a lot in the last year, become more of a lady, and I’m not so frightened anymore. I’m writing this book to try to show that you shouldn’t judge a book by its cover and I hope it will benefit other people. My story demonstrates that you shouldn’t just look at the label, you should look at the whole person, emotionally, physically, mentally and spiritually. I hope that telling it will show that dreams are not impossible, if you’ve got courage and a willingness to go on no matter what the circumstances.”

    Boyle plans to dedicate the book to her late mother.


  • Vendas de carros na Itália cairão 20% em abril


    A associação das montadoras de carros estrangeiras da Itália, conhecida como Unrae, prevê que o mês de abril vai ser difícil para o mercado italiano, uma vez que as vendas de carros no país vão registrar uma queda de 20% e os pedidos cairão 30?%.

    Segundo o diretor geral da Unrae, Gianni Filipponi, em declaração na última sexta-feira ele disse que a primeira parte do mês de abril indicou uma demanda muito baixa, e que a tendência é continuar assim nas próximas semanas.

    Uma das causas que impactaram no resultado negativo foi o término do incentivo que o Governo dava aos consumidores para comprarem veículos com baixa emissão de poluentes, que encerrou em 1 de dezembro de 2009. Desde então, os carros que se enquadravam nas normas do incentivo poderiam ser inscritos até o dia 31 de março de 2010. Agora, o verdadeiro efeito da retirada do subsídio no mercado vai ser sentido no mercado e abril desse ano.

    Via | 4Wheels News


  • BMW teams up with Embraer to trim out corporate jets

    Filed under: ,

    Embraer Phenom cockpit by BMW – Click above for high-res image gallery

    Brazilian aircraft manufacturer Embraer has called upon BMW DesignworksUSA to outfit some of the cabins in its luxury executive jets. The two companies have hopped into bed together in order to learn a thing or two from each other, and as a result, you’ll soon be able to step aboard an Embraer Phenom 100 or Phenom 300 with Bavarian-inspired cockpits and cabins. BMW took a hard look at how the typical aircraft interior is constructed and then brought the typical German engineering eye to the equation.

    This isn’t an airborne 3 Series, though. While both the Phenom 100 and Phenom 300 boast unparalleled cockpit spaces thanks to BMW’s touches, the company says the exercise had more to do with the translation of ideals rather than transcribing auto design to the air. Clever storage, unique color choice and high-quality materials found their way into the final product.

    Embraer says that it will allow customers to choose one of seven different color schemes. So far, around 100 jets have been produced, with another 600 orders waiting to be filled. Hit the jump to see the full press release, and be sure to check out the flying Bimmer cabins in our high-res gallery below.

    [Source: BMW]

    Continue reading BMW teams up with Embraer to trim out corporate jets

    BMW teams up with Embraer to trim out corporate jets originally appeared on Autoblog on Tue, 20 Apr 2010 07:58:00 EST. Please see our terms for use of feeds.

    Permalink | Email this | Comments

  • Seattle Genetics Nabs $9.5M

    Luke Timmerman wrote:

    Seattle Genetics, the developer of targeted cancer drugs in Bothell, WA, said today that Genentech, the U.S. unit of Roche, has agreed to pay $9.5 million to extend a licensing agreement between the two companies. Genentech has renewed its right to develop what are called “empowered antibodies” in which an antibody is made to zero in on a certain target on cells, and is linked to a more potent cell-killing agent. Genentech will pay the expenses of developing and marketing the drugs, while Seattle Genetics (NASDAQ: SGEN) will receive fees, milestone payments, and royalties on sales if they become FDA-approved products.







  • The Best Peak Oil Investments, Part V: Algae

    Tom Konrad has the latest of his “peak oil investments” series out, this time peering into the murky pond of algae-to-biofuel companies – The Best Peak Oil Investments, Part V: Algae.

    If you need to own your own feedstock to be a profitable biofuel company, you can either grow it, or make use of the waste from some other economic activity. The potential of biofuel from waste is inherently limited by the waste currently produced, and the amount of available waste is likely to fall over time as the economy becomes more resource-efficient because of rising commodity prices. While I think compaines that control waste streams care good investment opportunities, waste is inherently limited when it comes to replacing oil. It’s the very limitation of waste as a resource that makes it a good investment.

    If you grow your feedstock on good agricultural land, you will be giving up the opportunity to produce valuable food. If you grow hardy non-food crops on marginal land, you will probably have very low yields. For instance, Jatropha has long been heralded as a non-food crop that can produce oil for biodiesel on marginal land, but the best Jatropha yeilds are produced on well-drained soil with ample fertilizer and rainfall or irrigation. Since most arable land and available water are already in use, the potential for additional biofuel production from conventional crops is limited.

    Many observers herald biofuel from algae as a way to thread this needle. Algae grown in open ponds is likely to produce 5,000-10,000 gallons of oil per acre per year, while companies using bioreactors have made claims approaching 10 million gallons per acre. The higher-end claims for algae in bioreactors are either pure fantasy, or would require vertical farms with artificial light, but a 100,000 gallons per acre per year (1/100th of the high-end claims) is generally considered achievable. For comparison, Zeachem is aiming for 2,000 gallons of ethanol per acre of sugarcane per year, one of the most productive conventional biofuel crops. Corn produces less than 500 gallons of ethanol per acre per year.

    The potential of a hundred times improvement in fuel yields over conventional crops keeps people excited about algae. On paper, such yeilds would allow algae to replace oil in our economy. Actually achieving these yields is tricky. Open ponds have problems with contamination by wild algae, and evaporate enormous amounts of water into the atmosphere. They also need to be fed with carbon dioxide and nutrients to achieve good yields, without so much stirring that the algae (which prefer still water) are disturbed. Bioreactors help solve the contamination and water evaporation problems, and can allow more surface area for light absorption and algal growth. But bioreactors cost much more than open ponds, and require more maintainance and attention to keep them at the proper temperatures and light levels. Like open ponds, they need to be fed CO2 and micronutrients to achieve optimal growth without creating too much turbulence for the algae to grow. …

    Here’s a quick list of the publicly traded companies I know of that are working on algae, and what they do:

    Green Star Products, Inc. (GSPI.PK). Green Star’s primary business seems to be selling continuous flow biodiesel reactor technology. This is not a great business because it’s currently hard to sell biodiesel for more than the cost of the inputs needed to make it. They have also developed a formulation of micronutrients that they think are excellent for increasing the productivity of certain algae strains.

    OriginOil, Inc. (OOIL.OB). Origin has developed a process using electromagnetic fields to extract oil from living algae without killing the cell. If they can make it work at reasonable cost, this technology should be a real boon to the industry. Unfortunately, the company is losing money hand over fist, and does not have revenues or cash to speak of. Since the company will have to keep raising new money from investors for the foreseeable future, the stock will almost certainly continue to fall until it can begin to fund its operations internally.

    PetroAlgae, (PALG.OB). PetroAlgae is attempting to commercialize an open pond “microcrop” technology (they are working with other small aquatic plants such as duckweed as well as algae.) Yields will likely be relatively low for algae because they do not add carbon dioxide to the process, and they will have to cope with large water losses from evaporation. Like OriginOil, PetroAlgae has no revenues and will need to raise money soon to continue operations. On March 5, the company privately sold stock at $8 per share, despite the fact that its shares are currently trading for around $22 on the open market. I can’t imagine why the stock has climbed since it went public in 2008 at around $3. If you can find shares to borrow, this looks like a stock to short.

    PetroSun Inc. (PSUD.PK). Back in September 2007, PetroSun made a splash as the first public company to try to commercialize algae for biofuel. I was skeptical at the time, and said so in March 2008. My skepticism now seems justified, since now their website has a couple mentions of algae, but the catfish farms they converted into algae farms in 2009 are not mentioned, and their only projects and prospects are traditional oil and gas projects. The stock is down to $0.045 from $0.16 since I panned it in 2008.

    Conclusion

    Algae has great promise for producing liquid fuels in sufficient quantity to replace petroleum, and it can do so without using excessive water or farmland. That potential, however, is fairly far off. The technology is capital intensive and far from commercialization, a combination almost certain to make investors in the public stocks poorer rather than richer. If and when fuel made from algae is available in significant quantity to make a dent in our thirst for fossil fuels, it will probably have been developed by companies that public investors cannot currently buy. Stock market investors should wait until this industry matures from its current infancy to something closer to adolescence. Buyers of the current batch of infant companies are likely to suffer the fate of other new parents: many sleepless nights.


  • Corporate front group funded by coal industry scorns widow of mine disaster: “Everyone wants free money” – Later apologizes for distasteful and baseless comment, locks Twitter account

    This is a Think Progress repost by Lee Fang.

    Yesterday, the AP reported that Marlene Griffith, a widow of William Griffith, one of the 29 men killed in last week’s explosion at a coal mine in West Virginia, is suing Massey Energy, the owner of the mine. Griffith filed a wrongful death lawsuit in Raleigh County Circuit Court, arguing that Massey’s handling of work conditions at the mine plus its history of safety violations amounted to aggravated conduct that rises above the level of ordinary negligence. Marlene and here husband were to celebrate their 33rd wedding anniversary weeks after the deadly blast on April 5.

    Indeed, as the Wonk Room’s Brad Johnson has reported, the mine where William Griffith worked had been cited for over 3,000 safety violations. Massey Energy CEO Don Blankenship, who has mocked safety regulators as being “as silly as global warming,” had gummed up the safety regulations process by filing endless appeals instead of paying fines and fixing safety problems.

    Responding to the lawsuit, Nathan Coffey, the Public Affairs Coordinator of the American Legislative Exchange Council (ALEC), took to Twitter yesterday to mock Marlene Griffith. Coffey posted a link to the AP story about Marlene Griffith, sarcastically commenting that “Everyone wants free money!” View a screen shot of the comment below:

    Nathan Coffey

    ALEC, founded in 1973 by conservative activist Paul Weyrich, is a DC-based front group which helps state lawmakers craft corporate-friendly legislation. State-based schemes aimed at deregulation are often conceived and coordinated out of ALEC. It is funded by some of the biggest corporations in America, including Koch Industries, Wal-Mart, and AT&T, as well as by the coal industry. Peabody Coal’s Kelly Mader, a Vice President for State Government Affairs at the company, sits on the board of directors of ALEC.

    Update Nathan Coffey has apologized for and retracted his “distasteful,” “insensitive” and “baseless” comment, saying he did not read the story before mocking the widow.

    JR:  The links to Coffey’s tweets are all dead.  Apparently he has “locked” his twitter account, so at least something good came out of this.

  • Nokia worth watching in second half of 2010

    Nokia Corp. is scheduled to release its first quarter results on Thursday, but Gus Papageorgiou with Scotia Capital is not expecting anything other than an "unremarkable" quarter for the cell phone maker.

    Instead, the company looks to be in a bit of a holding pattern until the second half of the year, when it rolls out new products and software.

    "We have become incrementally more positive ono Nokia after stronger than expected fourth quarter results but we do not expect any significant upside catalysts until later in the year," he said in a note. "Additionally, the valuation is not terribly attractive."

    For the quarter, Mr. Papageorgiou expects 9.5-billion euros in revenue and EPS of 0.13 euros, slightly more negative compared with consensus 9.7-billion euros and 0.14 euros respectively.

    "From a trading perspective we would rather wait until after the quarter to own Nokia. At this stage we believe the good news of a handset recovery is factored in," he said. "We believe the second half success of the new Symbian OS and accompanying devices will dictate the share price as we move through 2010."

    As well, once the company pays out its dividend there wil likely be a sell off, he said.

    Mr. Papageorgiou maintains a Sector Perform rating and one-year target price of US$18 for Nokia.

    Eric Lam