Sunday, September 30, 2012

Watson-Simpson win, US takes 9-4 lead on Europe

MEDINAH, Ill. (AP) ? Bubba Watson and Webb Simpson's 5-and-4 victory over Justin Rose and Francesco Molinari has given the United States a commanding 9-4 lead in the Ryder Cup, with more points sure to come.

The Americans are leading in two other fourball matches. Tiger Woods and Steve Stricker are making up ground after making the turn down 4 to Sergio Garcia and Luke Donald.

The largest lead going into the singles matches was 11-5 by Europe in 2004; the Europeans went on to win 18 ? to 9 ?.

The Americans need 14 1/2 points to regain the Ryder Cup. The largest comeback in Ryder Cup history was at Brookline in 1999, when the U.S. erased a 10-6 deficit on the final day.

Source: http://news.yahoo.com/watson-simpson-win-us-takes-9-4-lead-214551072--spt.html

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Highlighting Child As Ancestor of Home Person - Family Tree Maker ...

Hi,

One of the great things about FTM is the way it highlights the child (in the Family tree view) who is an ancestor of the Home Person.

Unfortunately, I cannot find a way to indicate these ancestors on family group sheets (i.e., printed version of the children listed on the screen for a given set of parents.)

On the Family Group Sheet, is there a way to highlight ancestors of the Home Person, or something similar?

Any comments, suggestions, questions, etc. would be extremely much appreciated.

Best regards,
Elizabeth Allen
Houston, Texas

Source: http://boards.ancestry.co.uk/topics.software.famtreemaker/9011/mb.ashx

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Momentum shifts to Democrat in tight Wisconsin Senate race (reuters)

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Betting Industry Routing To Homes And Offices Via Internet

Betting industry is one of largest and biggest contributors in shaping up world's economy.And with the help of internet, there is no need to travel down to casinos and gambling places which are miles away from you.

Internet has played most crucial role in bringing betting platform in your homes and offices. With a click of a button, millions of dollars are transferred and many more transactions are carried out in a matter of few seconds.

Earlier betting and gambling was privilege for landlords and super rich class people but not today. Even the teenagers as well as youth are showing up their interest in betting activity.

There are billions of people all over the globe for whom betting and gambling have become a routine part of their life. While real time gaming and sporting events have increased in the market,people are enjoying gambling over such sporting events. Online sports' betting is gaining its popularity day by day and millions and billions of dollars are wagered on sporting events around the world. From racing, football, basketball, poker, boxing, golf, tennis etc are being bet on and is minting money for gamblers.
Internet has made betting process simpler, private as well as trustworthy. Today many betting websites are trusted upon rather than going to casinos.


From getting tips, to placing a bet and thereby getting the money, online sport betting is simply phenomenal way of making cash business. There is various betting exchange all over the world like US betting exchange, UK betting exchange, Asia's betting exchange etc which control betting activity over the internet.

One of the front runners and most popular website in Asia betting exchange is ibcbet. People literally flock downs to this website and there are millions of members who bet on it over the various sporting events.

If you are a gambling geek then ibc bet is a perfect platform for you. All you need to do is to register over the website so that you can access various opportunities of betting and even look out for various betting tips.

Ibc bet is highly sophisticated online gambling website which has won trust of millions of members by providing security, privacy as well as ample of opportunities for gambling.

Considering the future of gambling and betting, ibcbet have designed its website accordingly as well as constant up gradation makes gambling more exciting and entertaining.

They have classified various games categorically, like football betting is done on afb88.

Source: http://www.artipot.com/articles/1389763/betting-industry-routing-to-homes-and-offices-via-internet.htm

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Saturday, September 29, 2012

Where Shadows Fall

Where Shadows Fall

(WIP) Araland, once a growing kingdom of peace and prosperity, is being ravaged by black magic and dark creatures... Do you have what it takes to stop them?

Owner:

Game Masters:

This topic is an Out Of Character part of the roleplay, ?Where Shadows Fall?. Anything posted here will also show up there.

Topic Tags:

Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.
"Where Shadows Fall" is set in the slowly falling kingdom of Araland in the year of 614AA (Anno Aeryx). Having been a kingdom predominantly of internal peace, some areas have become corrupted by evil magic and dark creatures. No-one is entirely sure who or what lies at the head of this evil spead, but everyone knows its intent is to take over Araland.

The great prophet Aeryx foretold of this great evil centuries ago, but he also secretly spoke of a group of unwitting young warriors, who would rise to the cause and save Araland from its fate. Now, nearly 600 years later, the time has come for those warriors to be chosen. Only they will know who they are, though some say that Aeryx's soul will guide them on their path.

The fate of the kingdom rests on the shoulders of these brave ones - do you have what it takes to join them?


This thread is for general discussion of the roleplay and for reservation of any slots that may come up.

User avatar
Intricacy
Member for 0 years



This looks really interesting. Shoot me a PM when you're done with it (:

?If ever there is tomorrow when we're not together.. there is something you must always remember. you are braver than you believe, stronger than you seem, and smarter than you think. but the most important thing is, even if we're apart.. I'll always be with you.? ~Winnie the Pooh ?

User avatar
desire99600
Member for 1 years


Pm me as well when you're finished, if you would please. Looks well thought out and fun.

"It's not that I believe people are generally bad in nature, it's that..I know it with every fiber of my cold dark being."

User avatar
CussingChild
Member for 1 years


Wow, this looks pretty interesting. Same here, I'd like a PM when any more is done to this.

A rose without it's thorns is just a flower.

User avatar
KitKit
Member for 0 years



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US Housing Recovery More Believable, Study Shows

Economists, housing analysts and members of the National Association of Realtors have been saying for some time that the U.S. is finally on the road to a real estate recovery, but they?ve all arguably got a stake in the claim being true. Now, a new study shows that more Americans believe it, too, which sets a different tone when it comes to buying confidence ? a telling market recovery indicator. Home prices and sales are still down compared to pre-crisis levels, but both have been rising steadily and the movement has been enough to get more and more prospective buyers and sellers in the game. Even so, a shadow inventory of distressed homes still looms and nearly 22% off all borrowers remain upside down on their mortgages and the negative force is enough to slow the process. For more on this continue reading the following article from TheStreet.

Economists are saying it, and now even some Americans are saying it.

After falling to depths not seen since the Great Depression, the U.S. housing market may finally be rising from the ashes.

It may not seem like a lot, but 27% of Americans believe the value of their homes will increase in the next year, according the CNBC All America Economic Survey.

That is the highest percentage since 2007 and the third straight quarter that such optimism has gained.

"Overall the housing industry has come back," said Standard and Poors' David Blitzer, commenting on Tuesday's release of the latest S&P/Case-Shiller home price indices. "We might finally get a little boost to the economy from the housing sector."

Home prices in the nation's top twenty markets rose 1.2% in July from a year ago, according to S&P/Case-Shiller.

All of those markets saw month-to-month price gains, while just four saw annual declines. Atlanta continues to see the largest drop, down just under ten percent year-over-year, but even its declines are easing.

In Phoenix, where distressed properties have made up the bulk of home sales, prices are up 16.6% from a year ago, due to big supply shortages of low-end homes.

Home prices are still down 30% from their peak in 2006, but just the prospect of a real bottom has some buyers finally getting off the fence. In addition, rising prices helped 1.3 million home owners to rise out of a negative equity position on their mortgages in the first half of this year, according to CoreLogic.

Nearly 11 million, or 22% of all borrowers, are still stuck in place, owing more on their mortgages than their homes are worth, and an additional 2.3 million have less than five percent equity in their homes, making a move up unlikely.

The latest numbers, from existing home sales to earnings from the big publichome builders, are fueling much-needed confidence in housing, but it would be na?ve to declare that this industry is completely out of the woods.

Positives, like record-low mortgage rates and much-improved affordability are offset by still high negative equity, tight credit conditions and continued uncertainty about the overall state of the economy.

Just ten percent of those polled in the CNBC survey say the economy is good or excellent, with 91% saying it is only fair or poor. Fifty-three percent say it is poor, with 25% saying it will get worse. These sentiments are little changed from the survey results in June.

Housing still faces some huge unknowns, including tough regulation on mortgage lending, the looming "fiscal cliff," and more than 5 million loans that are either delinquent or in the foreclosure process.

Supplies of distressed homes are low, but much of that is due to delays in the foreclosure process which are just now beginning to lift. New mortgage delinquencies are falling slightly, but they are still far higher than historical norms.

There is also a possible new headwind that few have mentioned. That is the potential loss of the Bush 2007 Mortgage Relief Act benefit.

This act negates any tax liabilities against borrowers who do so-called "short sales." This is when the bank allows the home to be sold for less than the value of the mortgage. The debt that is forgiven (that is the amount of the mortgage not covered by the sale price) would usually be taxed, but this act put a temporary stop to that in order to give borrowers relief and stimulate the short sale market.

This act expires at the end of this year, and Congress has yet to extend it.

"Private investors, Realtors and banks have begun to drive short sales hard, as foreclosures take too long and are too politically sensitive," said housing analyst Mark Hanson. "The loss of the Bush 2007 Mortgage Relief Act benefit, which has been driving incremental short sale volume all summer -- and is responsible for a large part of the year-over-year increase in sales volume -- will drive sales volume into a "triple dip" in the winter/spring...Prices will get hit as well."

It is of course possible that Congress will extend the act at the last minute, but this is just one example of many "ifs" still present in the market.

Mortgage rates may be low now, but some say they could move up next year, influenced by factors outside the Federal Reserve's recent attempt to lower them (QE3).

Home prices appear to be improving, but a new flow of distressed properties could lessen those gains this fall. And again, so much still depends on jobs. S&P's David Blitzer may believe housing is back, but his colleague Robert Shiller said last week that he wasn't convinced. Suffice it to say, the housing market has come a long way, but it still has a long way to go.

This article was republished with permission from TheStreet.

Source: http://www.nuwireinvestor.com/articles/us-housing-recovery-more-believable-study-shows-59874.aspx

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Doubling Down (talking-points-memo)

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California Community Colleges names new chancellor

SAN FRANCISCO (AP) ? California Community Colleges on Thursday named a veteran administrator to lead the nation's largest system of public higher education as it confronts a host of financial and academic challenges.

Brice Harris, who previously headed the Los Rios Community College District in the Sacramento area, will become the 15th chancellor of the state's 112-campus system. He starts the job Nov. 6.

Harris will replace Jack Scott, who retired this month after more than three and a half years in the position. Scott recently joined Claremont Graduate University as a scholar in residence.

As the statewide chancellor, Harris will receive an annual salary of $198,500 plus benefits, the same as his predecessor.

"I am extremely confident that we have chosen the right person at the right time," board President Scott Himelstein said at a news conference in Sacramento. "He has the knowledge and the skills to lead this system during what we all know are going to be some difficult days ahead."

Jonathan Lightman, executive director of the Faculty Association of California Community Colleges, called Harris an "excellent choice."

"He's a visionary. He's a good listener. He deeply cares about the educational mission of the California Community Colleges, and the students in particular," Lightman said.

Harris will be inheriting control of a higher education behemoth buffeted by budget cuts and debates about its mission and student success rate.

In response to state budget cuts over the past four years, California Community Colleges has reduced enrollment from 2.9 million to 2.4 million students, cut course sections by 24 percent and raised student fees from $20 to $46 per unit, officials said.

Harris, who is married with three grown children, attended Southwestern Oklahoma State University, the University of Arkansas, Nova Southeastern University and Harvard University before joining Kansas City's community college system as a faculty member and later vice chancellor.

Harris served as president of Fresno City College before spending nearly 16 years as chancellor of the 85,000-student Los Rios Community College District. At the four-campus district, Harris led two local bond measures to improve facilities and oversaw the establishment of the Folsom Lake campus, according to a release from California Community Colleges.

Harris said the community college system must continue to educate the public about the importance of Proposition 30, Gov. Jerry Brown's tax initiative.

If the Nov. 6 ballot measure fails, California Community Colleges would face a midyear funding cut of $338 million and be forced to turn away more than 100,000 students, officials said.

"It's a critical election for the future of California," Harris said.

Even as the system grapples with strong financial headwinds, Harris said he would continue to focus on increasing student access and academic success.

On Thursday, Gov. Jerry Brown signed legislation aimed at improving graduation and transfer rates at California Community Colleges.

Under the Student Success Act of 2012, all students will receive support services to help them reach their goals, colleges must report the academic progress of all students, and students must meet minimum academic standards to receive fee waivers.

"I am bullish on California Community Colleges," Harris said. "I believe the best days are ahead of us, and I look forward to this challenge."

Source: http://news.yahoo.com/california-community-colleges-names-chancellor-171154218.html

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Egypt tourism takes a hit from prophet protests

In this Thursday, Sept. 27, 2012 photo, in this photo taken on Wednesday, Sept, 26, 2012, An Egyptian man rides a motorbike passes a historical mosques in Khan Al-Khalili area in Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, in this photo taken on Wednesday, Sept, 26, 2012, An Egyptian man rides a motorbike passes a historical mosques in Khan Al-Khalili area in Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, tour guides wait for clients next to the Giza pyramids, near Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, a tour guide sits on his camel as he waits for clients next to the Giza pyramids, near Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Photo taken on Sept, 26, 2012, an Egyptian policeman sits guard in Khan Al-Khalili area in Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, foreign tourists visit the historical site of the Giza Pyramids, near Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

(AP) ? One of the world's largest cruise ships, its foreign passengers primed for onshore spending, was supposed to dock in Egypt this month. The port call, however, was scrapped because of security concerns surrounding Mideast protests against a film made in the U.S. that denounces Islam's holiest figure.

Once again, Egyptian tourism, an engine of the national economy and a flagship of the regional industry, has taken a hit. It was another setback for a business that had plummeted in parts of the Middle East and North Africa last year during the uprisings known as the Arab Spring, then moved toward recovery this year.

"Small things become like mountains," Essam Zeid, an Egyptian tour guide, said of the fallout from unrest in Egypt since authoritarian President Hosni Mubarak was ousted in February 2011. But he also offered a (somewhat) positive metaphor: "We always say that Egypt gets sick but never dies. Recovery is always an option."

Egypt and other Arab nations undergoing turmoil rely heavily on the labor-intensive trade and see it as key to economic growth and social stability.

Tourism directly contributes a big chunk of gross domestic product to some of the countries that suffered economic fallout from last year's tumult, which came not long after the global financial crisis. Egypt, for example, generates 6.7 percent of GDP from travel and tourism and Tunisia is around the same level with 6.6 percent, with benefits to related businesses pushing the figures even higher, according to the London-based World Tourism and Travel Council. It is among industry groups that will assess the impact from the latest upheaval, though it is too early for a comprehensive estimate of losses.

In the multi-layered Middle East, a setback for tourism in one area can mean a windfall in another. During the Arab Spring, tourists, many of them Arabs, turned away from countries in crisis and traveled to more stable places like Qatar, Kuwait and the United Arab Emirates, said Sana Toukan, Middle East research manager for Euromonitor International, a market research group. The UAE also drew more Chinese visitors, according to Toukan.

The latest downturn followed demonstrations in Egypt against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad. They were part of a wider explosion of anger in Muslim countries. The unrest hit near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and even farther from gated Red Sea resorts, cocoons for the beach-bound vacationer.

Yet the online or TV images of flames, barricades and whooping demonstrators were a killjoy for anyone planning a getaway, even though the protests have subsided in many places. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a drop-off early next year as people tend to plan several months ahead.

Tharwat Agami, head of the chamber of tourist agencies in Luxor, home to the Valley of the Kings tombs in southern Egypt, reported up to one-quarter of tourist cancellations through October. His own company guided 17 American tourists last week, half of the group's expected number.

Royal Caribbean International took no chances. One of its vessels, Mariner of the Seas, can carry more than 3,000 passengers. It left Italy, on Sept. 15 ? with regional tension still boiling over the film ? and was to call at Alexandria on the northern Egypt Mediterranean coast three days later.

The company canceled the layover "in an abundance of caution," said Cynthia Martinez, director of global corporate communications at Miami-based Royal Caribbean Cruises Ltd.

"Royal Caribbean International continues to closely monitor the situation in Egypt," Martinez wrote in an email Tuesday to The Associated Press. "At this time, Royal Caribbean has not changed the itinerary of any upcoming sailing that includes a port call to Egypt."

Cruise ships also stayed away during the turmoil that led to Mubarak's downfall. Usually, passengers board buses for a day's outing to Cairo, where the pyramids, the medieval citadel, the mummies of the Egyptian Museum and other treasures await. It's a windfall for guides, ticket vendors and souvenir shops.

Egyptian tourism revenues fell 30 percent to $9 billion in 2011, but the industry proved as resilient as it is vulnerable. It survived the killing of 62 people, mostly foreign tourists, by Islamic militants in a 1997 attack at Luxor that seemed aimed at weakening the government by stopping the flow of tourism revenue. The Sept. 11, 2001 attacks by al-Qaida pummeled tourism, as did 2005 bombings in Egypt's Red Sea resort of Sharm-el-Sheikh.

Fueled partly by oil income, Mideast tourism is more diverse and reliant on regional customers. Expatriates and tourists splurge in the glitzy city-state of Dubai in the Persian Gulf; religious tourism is big at Islamic sites in Saudi Arabia; Oman and Jordan are angling for a piece of the medical tourism market. The popular uprisings did not affect Turkey but diverted tourist traffic to the country, now rated sixth in the world in international tourist arrivals.

Tourism prospects are a moot point in Syria, which is embroiled in a civil war, and in still-chaotic Libya, where militias roam. The U.S. ambassador to Libya and three other Americans were killed on Sept. 11 in the eastern Libyan city of Benghazi in an attack on the American consulate there.

In Tunisia, violence and looting around the U.S. Embassy during a protest against the anti-Islam film did no favors for a tourism campaign that had been titled, "All Dreams are Possible."

"It's not one picture when you look at the Middle East," said Sandra Carvao, Madrid-based communications coordinator at the World Tourism Organization, a U.N. agency. "It's a region that has suffered and has proven to bounce back in the past."

Indeed, the agency had deemed the Middle East to be the fastest growing tourism market in the world over the past decade, despite the Iraq war, the 2006 conflict between Israel and Lebanon's Hezbollah and other violence. While some Gulf airlines have gone bankrupt, Carvao compared the expansion of Emirates and Etihad Airways to the rate of growth of Asia's aviation leaders.

Amid upheaval and political transition in 2011, according to the agency, international tourist arrivals in the Middle East dropped seven percent to 55.7 million, and in North Africa by nine percent to 17 million. So far this year, the numbers have climbed by nearly one percent and 10.5 percent, respectively.

Gladys Haddad, a tour guide in Cairo, said she was pleased that Egypt's new president, Mohammed Morsi, appealed to Italians to visit Egypt when he was in Rome at the height of tension over the anti-Islam film. She said early concerns that Egypt's Islamist-dominated government might scare off tourists by banning alcohol or mixed beaches have waned, at least for now.

"I don't think they're going to have like a magic stick to do things right away" to improve tourism, Zeid, the guide who is quick with a metaphor, said of Egypt's fledgling government. "We can't really evaluate their work right now. They have lots of other issues on their agenda."

One thing in their favor, immeasurably, is what lies in Egyptian sands. In its bid to revive tourism, the government this month reopened the Serapeum of Saqqara, a subterranean necropolis where bulls were believed to have been buried in giant sarcophagi. The site was closed for a decade for renovation.

One tourist who marveled at Egypt's heritage was Herodotus, the ancient Greek who wrote about Egyptian beliefs and customs, based on what he said he had observed.

According to a 19th century translation by a British scholar, he wrote: "Concerning Egypt itself, I shall extend my remarks to a great length, because there is no country that possesses so many wonders, nor any that has such a number of works which defy description."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-09-28-Prophet-Film-Egypt-Tourism/id-dc413905bf014cdda04daf628b16de8b

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Thursday, September 27, 2012

Measuring the universe?s 'exit door': For the first time, an international team has measured the radius of a black hole

ScienceDaily (Sep. 27, 2012) ? The point of no return: In astronomy, it's known as a black hole -- a region in space where the pull of gravity is so strong that nothing, not even light, can escape. Black holes that can be billions of times more massive than our sun may reside at the heart of most galaxies. Such supermassive black holes are so powerful that activity at their boundaries can ripple throughout their host galaxies.

Now, an international team, led by researchers at MIT's Haystack Observatory, has for the first time measured the radius of a black hole at the center of a distant galaxy -- the closest distance at which matter can approach before being irretrievably pulled into the black hole.

The scientists linked together radio dishes in Hawaii, Arizona and California to create a telescope array called the "Event Horizon Telescope" (EHT) that can see details 2,000 times finer than what's visible to the Hubble Space Telescope. These radio dishes were trained on M87, a galaxy some 50 million light years from the Milky Way. M87 harbors a black hole 6 billion times more massive than our sun; using this array, the team observed the glow of matter near the edge of this black hole -- a region known as the "event horizon."

"Once objects fall through the event horizon, they're lost forever," says Shep Doeleman, assistant director at the MIT Haystack Observatory and research associate at the Smithsonian Astrophysical Observatory. "It's an exit door from our universe. You walk through that door, you're not coming back."

Doeleman and his colleagues have published the results of their study this week in the journal Science.

Jets at the edge of a black hole

Supermassive black holes are the most extreme objects predicted by Albert Einstein's theory of gravity -- where, according to Doeleman, "gravity completely goes haywire and crushes an enormous mass into an incredibly close space." At the edge of a black hole, the gravitational force is so strong that it pulls in everything from its surroundings. However, not everything can cross the event horizon to squeeze into a black hole. The result is a "cosmic traffic jam" in which gas and dust build up, creating a flat pancake of matter known as an accretion disk. This disk of matter orbits the black hole at nearly the speed of light, feeding the black hole a steady diet of superheated material. Over time, this disk can cause the black hole to spin in the same direction as the orbiting material.

Caught up in this spiraling flow are magnetic fields, which accelerate hot material along powerful beams above the accretion disk The resulting high-speed jet, launched by the black hole and the disk, shoots out across the galaxy, extending for hundreds of thousands of light-years. These jets can influence many galactic processes, including how fast stars form. 'Is Einstein right?'

A jet's trajectory may help scientists understand the dynamics of black holes in the region where their gravity is the dominant force. Doeleman says such an extreme environment is perfect for confirming Einstein's theory of general relativity -- today's definitive description of gravitation.

"Einstein's theories have been verified in low-gravitational field cases, like on Earth or in the solar system," Doeleman says. "But they have not been verified precisely in the only place in the universe where Einstein's theories might break down -- which is right at the edge of a black hole."

According to Einstein's theory, a black hole's mass and its spin determine how closely material can orbit before becoming unstable and falling in toward the event horizon. Because M87's jet is magnetically launched from this smallest orbit, astronomers can estimate the black hole's spin through careful measurement of the jet's size as it leaves the black hole. Until now, no telescope has had the magnifying power required for this kind of observation.

"We are now in a position to ask the question, 'Is Einstein right?'" Doeleman says. "We can identify features and signatures predicted by his theories, in this very strong gravitational field."

The team used a technique called Very Long Baseline Interferometry, or VLBI, which links data from radio dishes located thousands of miles apart. Signals from the various dishes, taken together, create a "virtual telescope" with the resolving power of a single telescope as big as the space between the disparate dishes. The technique enables scientists to view extremely precise details in faraway galaxies.

Using the technique, Doeleman and his team measured the innermost orbit of the accretion disk to be only 5.5 times the size of the black hole event horizon. According to the laws of physics, this size suggests that the accretion disk is spinning in the same direction as the black hole -- the first direct observation to confirm theories of how black holes power jets from the centers of galaxies.

The team plans to expand its telescope array, adding radio dishes in Chile, Europe, Mexico, Greenland and Antarctica, in order to obtain even more detailed pictures of black holes in the future.

Christopher Reynolds, a professor of astronomy at the University of Maryland, says the group's results provide the first observational data that will help scientists understand how a black hole's jets behave.

"The basic nature of jets is still mysterious," Reynolds says. "Many astrophysicists suspect that jets are powered by black hole spin ... but right now, these ideas are still entirely in the realm of theory. This measurement is the first step in putting these ideas on a firm observational basis."

This research was supported by the National Science Foundation.

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Story Source:

The above story is reprinted from materials provided by Massachusetts Institute of Technology. The original article was written by Jennifer Chu, MIT News Office.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Sheperd S. Doeleman, Vincent L. Fish, David E. Schenck, Christopher Beaudoin, Ray Blundell, Geoffrey C. Bower, Avery E. Broderick, Richard Chamberlin, Robert Freund, Per Friberg, Mark A. Gurwell, Paul T. P. Ho, Mareki Honma, Makoto Inoue, Thomas P. Krichbaum, James Lamb, Abraham Loeb, Colin Lonsdale, Daniel P. Marrone, James M. Moran, Tomoaki Oyama, Richard Plambeck, Rurik A. Primiani, Alan E. E. Rogers, Daniel L. Smythe, Jason SooHoo, Peter Strittmatter, Remo P. J. Tilanus, Michael Titus, Jonathan Weintroub, Melvyn Wright, Ken H. Young, and Lucy Ziurys. Jet-Launching Structure Resolved Near the Supermassive Black Hole in M87. Science, 2012; DOI: 10.1126/science.1224768

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/WBh_ukb1cjY/120927144526.htm

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Gold to Silver Ratio: What Can We Expect Now After QE3? | Gold ...

Gold to Silver Ratio: What Can We Expect Now After QE3?

Sep 26, 2012

This week:

  • QEternity Aftermath

  • Gold to Silver Ratio

  • The High NZ Dollar

  • Why Buy Gold?

QEternity Aftermath

So what?s happened since the announcement of QEternity? Well after a bit of a bump higher gold and silver just seem to be consolidating at the moment as you can see in the charts below.

NZD Gold Chart

Gold seems to be in a rising channel but overhead resistance of about NZ$2175 has a cap on the price at the moment. ?Silver too is just hovering at the moment.

NZD Silver Chart

Maybe this pause is in response to much of the mainstream talk about QE infinity not having any major impact. Rather than listen to them we?d rather take note of Jim Sinclair who has ?skin in the game? in the form of a mine in Tanzania and whose track record for not only this precious metals bull market but also the last one in the 70?s speaks for itself. This morning he wrote:

?All the talking heads and writers are on a tear saying QE will do nothing, emphasizing deflationary scenarios both from within the community to financial TV. Those that take that position are raving morons.

?

The markets today are full of normal manipulation based on the MSM disinformation that QE to infinity is a hollow tool. It is dynamite and will have an impact of historical dimensions, but not necessarily the ones the morons expect.

?

Keep your gold investments. Gold is going to $3500 and beyond, about which there is no question. Stand tall. Don?t trade, and shut off the gold naysayers sensationalists we have battled from $248 to today.

?

This is nothing different from the disinformation of early 1979. The Philadelphia Fed president is an example of MSM disinformation.?

Of course that doesn?t mean gold is flying higher today, just in the long run. There is a lot of positive sentiment in stock markets and also in gold and silver so we are ripe for a correction now. Some of the broad market sentiment indicators are showing the most bullish readings for some time. ?Likewise?silver futures traders are nearing an extreme in bullishness, a complete about face from a couple of months ago.

The tricky thing is these measures don?t always mean a crash in prices occurs. We could just?as easily see prices go sideways for a month or 2 here.

Gold to Silver Ratio

Another reason we could see a pause now is shown by this chart we pinched from?Money Morning Australia.?

It?s shows the gold to silver ratio (the number of ounces of silver it takes to buy one ounce of gold), and how it performed in the lead up to the announcement of QE2 and then the aftermath.

Gold/Silver Ratio Chart and QE3

As you can see silver rose faster than gold when QE2 was expected as investors bought silver, then took a pause for a month or two, before again outperforming gold. We have seen a repeat of the outperformance of silver to gold in the lead up to the latest money printing announcement, and now perhaps we are again seeing a pause in silver compared to gold. Maybe then to be followed by the ratio heading down again as silver rises in price faster than gold.

MoneyMorning writer Dr Alex Cowie also pointed out?

?Looking at the moving averages in the chart above, you can see that the 50-day moving average (blue line) is close to crossing under the 200-day moving average (red line). This is a powerful signal of a changing trend. You can see it happened before QE2. It heralded the big move down for the ratio, and saw the silver price soar.?

Interestingly?we also noted last week?that this same technical indicator is about to occur in the NZ dollar gold and silver price charts.

So further evidence of the stars aligning for silver in particular.

The High NZ Dollar

If a larger correction in gold and silver occurs of course what the NZ dollar does will also play a role in the local prices. When traders go ?risk off? we usually see the kiwi dollar fall too, so this could well negate much of any possible fall in the US dollar prices of precious metals.

This past week there has been much discussion in the media of whether there should be more intervention by the RBNZ and whether they need more ?tools? to impact the exchange rate and help out exporters. ?Labour Finance Spokesman David Parker wants action against the high dollar but hasn?t really outlined how.

See these articles in the NZ press:

Inflation targeting has failed, RBNZ needs to change, says Parker

Again Parker wants action against high kiwi dollar.

Incoming RBNZ Governor sees scope to lean against ?imbalances?

But Bill English has confirmed the Government has no intention of going down this path, stating that,??It was highly arguable whether more unconventional policies like quantitative easing, capital controls or currency pegging enacted in (respectively) Japan, Brazil, and Switzerland were making any headway, given the large risks they created?.?Source.

So for now New Zealand is not going to join the currency wars. But we?ll reserve judgement until things get a lot worse and see if we still remain sidelined then.

As Brian Fallow rightly points out in?this article?as a nation we?re as much to blame with low savings and high reliance on external funding??

?The more we rely on importing the savings of foreigners, the more demand there is for New Zealand dollars. And the less we are in a position to dictate the terms on which we will accept them, through capital controls.?

Because of course countries like Singapore and China that peg their currencies to the US dollar have massive foreign currency reserves with which to fund this strategy. Whereas we have a massive current account deficit and sizable?net external debt of 70% of GDP.

As usual the poli?s look at band aids while ignoring or being ignorant of the root problems of these imbalances ? the global monetary system. That a few men (and women) around a table can correctly decide on the price of money (interest) in a given country is totally absurd.

Why Buy Gold?

At a kids birthday party in the weekend (of all places!) we got into a brief discussion on gold. We were asked about what we did for a buck etc and when we mentioned selling gold and silver the response was??Gold?s been rising a lot lately alright so you must be doing alright. But I don?t know if now is a good time to buy. Can it go any higher??

Our response was while central banks keep creating currency it could go a whole lot higher yet. This person wasn?t totally convinced. Interested yes, convinced no. ?This is a change from a few years ago when we were almost embarrassed to admit what we did. At least we got a discussion not a blank stare like back then! But it remains the common response ? ?it can?t go any higher why buy now at the top?? Usually the indicator of a top is just the opposite when everyone is talking about it ? how, where and what to buy.

Anyway it got us thinking about why to buy gold now and so we put down all the reasons we could think of in one article for the first time in this weeks feature article:

Why Buy Gold?

(Intros to the other article and video on the site this week are at the end of this as always.)

If you come to the same conclusions as us as to why to buy gold, then get in contact and we can help you out.

1. Email:?orders@goldsurvivalguide.co.nz

2. Phone: 0800 888 GOLD ( 0800 888 465 )

3. or?Online order form with indicative pricing

Have a golden week!


Glenn (and David)
GoldSurvivalGuide.co.nz
Ph:?0800 888 465
From outside NZ:?+64 9 281 3898
email:?orders@goldsurvivalguide.co.nz

Follow us on Twitter?Find us on Facebook?G+

This Weeks Articles:?

Price Targets in NZ Dollars for Next Move Up in Gold and Silver
2012-09-18 23:10:57-04

This week: How will QE3 Affect New Zealand? Let?s Get Technical on Gold and Silver! Late News Just In ? A Total Game Changer for Gold How will QE3 Affect New Zealand? September 13, 2012. We think this date will be looked back upon in financial history as a game changing date. Of course you?ll [...] read more?

?

G. Edward Griffin: Legalized Plunder
2012-09-19 22:05:22-04

?Legalized Plunder ? Why we have all been had, fooled and deceived?. and the surprising reason we keep asking for more of the same bad medicine? Author G Edward Griffin was pilloried from all sides when his book The Creature from Jekyll Island was first published in 1994. [Editors note: If you've not yet read [...] read more?

?

John Mauldin?s Prescription for Avoiding Economic Catastrophe
2012-09-25 18:29:50-04

We?ve been on John Mauldin?s newsletter list for some time and have often thought he seemed a bit optimistic in his views. However he coined the phrase ?muddle through economy? and that is certainly what most of the world has seen to date, so he has been on the money there. Below he outlines what [...] read more?

?

Why Buy Gold?
2012-09-25 18:32:26-04

?Gold?s been going up a fair bit but surely it can?t go any higher?? That?s one of the common responses we get when we mention we are involved in selling gold and silver bullion. Unlike a number of years ago the average guy or girl in the street now knows that gold has been rising [...] read more?

?

The Legal stuff ? Disclaimer:

We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.

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Source: http://goldsurvivalguide.co.nz/gold-to-silver-ratio-what-can-we-expect-now-after-qe3/?utm_source=rss&utm_medium=rss&utm_campaign=gold-to-silver-ratio-what-can-we-expect-now-after-qe3

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Wednesday, September 26, 2012

Video: Greece austerity creating healthcare crisis

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Source: http://video.msnbc.msn.com/nightly-news/49170831/

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NFL upholds Seahawks' disputed win over Packers

NEW YORK (AP) ? The NFL put its stamp of approval on the still-smoldering outcome of the Green Bay-Seattle game:

Wrong call.

Right review.

Wrong team still wins.

Seahawks 14, Packers 12.

With frustration mounting among coaches, players and fans, the worst fear finally materialized: a mistake by a replacement official would decide the outcome of a game.

It came while the NFL and its regular officials, locked out since June, were in resumed talks in an attempt to resolve the impasse.

That was still a day late for the Packers.

The fiasco, which unfolded on the prominent stage of "Monday Night Football," was deconstructed by the league Tuesday in a way that surely rendered little comfort for Cheeseheads.

The NFL said Seattle's last-second touchdown pass should not have counted because Seahawks receiver Golden Tate should have been called for offensive pass interference, ending the game with Green Bay winning.

Instead, officials ruled it a touchdown, and penalties either way are not reviewable.

That left it to whether Tate and Green Bay safety M.D. Jennings both had possession of the ball. The officials said they did, but the Packers insisted Jennings had clear possession for a game-ending interception. The NFL agreed that the replay was inconclusive, upholding the touchdown and giving Seattle the victory.

Green Bay quarterback Aaron Rodgers, normally a soft-spoken player who didn't say much after the loss, lashed out on his radio show Tuesday..

"First of all, I've got to do something that the NFL is not going to do: I have to apologize to the fans," he said on ESPN 540-AM in Milwaukee.

Even President Barack Obama got in on the conversation Tuesday, tweeting: "NFL fans on both sides of the aisle hope the refs' lockout is settled soon."

The controversy began on the final play when Russell Wilson heaved a 24-yard pass into a scrum in the end zone with Seattle trailing 12-7. Tate shoved away a defender with both hands, and he and Jennings got their hands on the ball.

"It was pinned to my chest the whole time," Jennings said.

Instead, the officials ruled on the field that the two had simultaneous possession, which counts as a reception.

"The NFL Officiating Department reviewed the video today and supports the decision not to overturn the on-field ruling following the instant replay review," the league said in a statement.

Saying there was no indisputable evidence, though, is not the same as confirming the initial call was correct.

The Packers, one of sports' most storied franchises and Super Bowl champs two years ago, fell to 1-2. The Seahawks are 2-1.

Fans' fascination with the finish was evident in the number who stayed with ESPN to watch the highlights on "SportsCenter" after the game: 6.5 million viewers, the most for the full-length show since records started being kept in 1990.

On his weekly appearance on Seattle radio station 710 KIRO-AM, Seahawks coach Pete Carroll made no apologies Tuesday, saying, "The league backed it up and game over. We win."

"Golden makes an extraordinary effort. It's a great protection. It's a great throw. It's a great attempt at the ball and he wins the battle," he said. "They were right on the point looking right at it, standing right over the thing and they reviewed it. Whether they missed the push or not ? obviously they missed the push in the battle for the ball ? but that stuff goes on all the time."

But Rodgers, in a reference to referee Wayne Elliott not seeing indisputable evidence, said: "I mean, come on, Wayne. That's embarrassing."

NFL Players Association executive director DeMaurice Smith posted a statement to members saying the lockout "jeopardizes your health and safety."

"This decision to remove more than 1,500 years of collective experience has simply made the workplace less safe," he wrote, adding, "We are actively reviewing any and all possible actions to protect you."

The NFL locked out the officials in June after their contract expired. Unable to reach a new collective bargaining agreement, the league opened the season with replacements, most with experience only in lower levels of college football.

Coaches and players began griping about the officials in the preseason, but the tension seemed to boil over this past weekend.

Scuffles after the whistle were frequent with players appearing to test the limits of the new officials, and coaches were fined for berating them.

Las Vegas oddsmakers said $300 million or more changed hands worldwide on Monday's call. The Glantz-Culver line for the game opened favoring the Packers by 4?. Had the play been ruled an interception, Green Bay would have won by 5.

The call also found its way into Wisconsin politics, with Republican Gov. Scott Walker tweeting for the regular officials to return. Opponents noted that he seemed to be supporting the referees union after going after public employee unions last year, though Democratic state Sen. Jon Erpenbach added: "We're all fans, first and foremost."

Green Bay coach Mike McCarthy was stoic after the game, but Packers guard T.J. Lang vented on Twitter, using some expletives to say Green Bay was robbed by the refs. A day later, he said he regretted only his use of profanity.

"It was just heartbreaking to have a game taken from us like that," he told 97-FM The Ticket in Detroit. "We put way too much effort, and blood, sweat and tears into these games to have one absolutely stolen from us."

_____

AP Pro Football Writer Barry Wilner in New York, AP Sports Writers Tim Booth in Seattle and Larry Lage in Detroit, and Associated Press writers Scott Bauer in Madison, Wis., Ken Ritter in Las Vegas, and Oskar Garcia in Honolulu contributed to this report.

Source: http://news.yahoo.com/nfl-upholds-seahawks-disputed-win-over-packers-164851410--nfl.html

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Mitt Romney Debate Advice From Newt Gingrich: 'Use Humor'

Former GOP presidential candidate Newt Gingrich gave some advice Wednesday to nominee Mitt Romney as he prepares for the debate: attack the media, relax, be honest and have fun with it.

"You can be on offense without being offensive," Gingrich wrote in a column on Human Events. "The strongest reactions I got to my debates came from people who were desperate for someone to stand up to the media and redefine the questions and reframe the assumptions. ... If you look at my strongest applause lines virtually every one was taking on the media."

Romney is intensely preparing for his first debate against President Barack Obama, which will take place on Oct. 3 in Denver, Colo. Obama is getting less practice, according to his campaign, but has the advantage of being abreast of most issues as the current commander in chief. Obama is also leading in the polls, although Gingrich dismissed the numbers, saying, "the elite news media is doing everything they can to convince Romney?s supporters that the election is lost."

Romney hasn't always been as comfortable on the debate stage, something Gingrich pointed out during the GOP primary, saying in January that Obama would laugh at Romney if they debated. "I think as people look at his record and then imagine him debating Obama, Obama is going to laugh at him," Gingrich said on ABC's "Good Morning America" at the time.

Recently, though, Gingrich has been a little nicer on Romney's debate skills. He told CNN's Piers Morgan that his former opponent should "be as tough with Obama as he was with me in Florida" and not worry about being likeable.

He had more advice for Romney in his Human Events column. He wrote debate moderators would surely bring up Romney's recently exposed comments about the 47 percent of Americans who are "dependent on government."

"Instead of answering it, Romney should pivot and say, 'Let me tell you about the 100 percent," Gingrich wrote, going on to say he should address Obama's failures.

He said Romney should be honest that his record is also imperfect -- something Gingrich reminded him of repeatedly during his attacks earlier this year.

"There are things Romney has done wrong," he wrote. "Admit it. There are things he would like to do better. Admit it. People can smell dishonesty and disingenuous efforts to sell or hide."

One of the potentially more difficult pieces of advice Gingrich gave was to be funny, something many people think Romney is too stiff to pull off.

"Reagan and Kennedy both had this wonderful knack of using humor to make points," Gingrich wrote. "President Obama is a detached, often stiff person who overestimates his competence (the next time you see a story on the Middle East remember he got a Nobel peace prize for having done nothing). No president in my lifetime has been as vulnerable to humor as President Obama."

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Source: http://www.huffingtonpost.com/2012/09/26/mitt-romney-debate-newt-gingrich_n_1916232.html

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Tuesday, September 25, 2012

Senator bashes Orascom deal | TheGazette

State Sen. Joe Bolkcom, D-Iowa City, chair of the Ways and Means Committee says there?s no way Iowa should have dipped so deeply into its means to secure a fertilizer plant project in Lee County.

Iowa upped its potential state incentives package to Orascom Construction Industries to $110 million, along with $144 million in local tax breaks, to make sure the project didn?t go to Illinois, according to the governor. But Bolkcom contends that the company had already secured low-interest bonds through the Midwest Disaster Area Bonds program, bonds that could only be used at the Iowa site.

The bonds allow private companies to borrow at tax-exempt rates, Bolkcom said, meaning they save up to 2 percent on their borrowing costs. Assuming the bonds produce a net savings of $300 million to Orascom, he said, the corporation would receive a total of nearly $550 million in taxpayer subsidies from federal, state and local governments.

?This is the worst economic development deal in state history,? said Bolkcom, chairman of the Senate Ways and Means Committee, who calculated that the 165 permanent jobs that will be created in Lee County would cost about $3.3 million per job in taxpayer subsidies.

?Illinois could never compete with the federal subsidies worth as much as $300 million that Orascom Construction Industries would gain for siting the plant in Lee County, a federally declared flood disaster area,? the Iowa City Democrat contended.

Gov. Terry Branstad?s office disagrees:

Branstad spokesman Tim Albrecht refuted Bolkcom?s claims, saying the state needed to provide up to $110 million in tax credits to sway the company to bring 165 permanent jobs and hundreds of construction jobs and other benefits to Iowa rather than seeing the project end up in Illinois.

?Gov. Branstad won?t apologize for fighting for every single job that he can bring to the state,? he said.

?These incentives did need to be there in order for Iowa to compete for this lucrative project,? Albrecht added. ?We simply weren?t going to turn our backs of the people of southeast Iowa who have a higher unemployment rate than the rest of the state, and we were going to fight for those jobs. Gov. Branstad came to the table and fought for those jobs and was successful.?

Here?s More about the Midwest Disaster Area Bonds, a federal program administered by the Iowa Finance Authority:

The Heartland Disaster Tax Relief Act (HDTRA) of 2008 provides assistance to areas in the Midwest that suffered severe storms, tornadoes and flooding in the spring and summer of 2008. One of the provisions of HDTRA is the creation of Midwestern Disaster Area (MDA) bonds.

Benefits

MDA bonds are a new kind of private activity tax-exempt bond designed to facilitate the economic recovery and rebuilding of areas damaged by the severe weather. The bonds are issued on a conduit basis; that is, the borrower (business) is responsible for repaying the debt. Rates and terms will be dependent on the credit-worthiness of the borrower. Iowa was provided $2.6 billion in bonding authority for MDA bonds.

Qualification

To qualify, the business or trade must have suffered a loss attributable to the severe storms, tornadoes or flooding or, the business must be replacing a business or trade that suffered a loss. Because Iowa lost so many businesses from the storms, tornados and flooding, most businesses locating, expanding or improving facilities in Iowa can be considered replacing a business that suffered a loss.

The loss and the project financed with the MDA bonds must be located in any one or more of the 78 Iowa counties declared a major disaster area by the President as part of disaster number FEMA 1763-DR declared on May 27, 2008. In Iowa, all counties except Buena Vista, Calhoun, Carroll, Cherokee, Clay, Dickinson, Emmet, Ida, Jefferson, Lyon, O?Brien, Osceola, Palo Alto, Plymouth, Pocahontas, Sac, Shelby, Sioux, Taylor, Wayne, and Woodbury are included. A total of 78 counties throughout Iowa are eligible.

Bolkcom?s point is that the bond program was a big advantage for Iowa over Illinois, big enough that a large pile of additional tax breaks wan?t necessary to land the project. It?s an issue worth raising.

Earlier this month, Illinois development officials insisted that they?had not put a bid on the table for Orascom. Could be sour grapes from Illini losers, as Branstad suggested. Could be we overbid. Could be both.

Bolkcom and Branstad are politicians, so there?s always going to be a certain amount of spin. But I think this episode should open up a couple of important covnersations.

One, as Branstad suggests, on our corporate tax structure and whether it can be improved in such a way that makes company-by-company giveaways unnecessary.

Two, as Bolkcom suggests, a discussion on how much authority appointed economic development officials should have to hand out incentives of this magnitude, and whether elected legislators should be involved.

?

Source: http://thegazette.com/2012/09/24/senator-bashes-orascom-deal/

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