UCLA hires Alford: Steve Alford succeeds UCLA basketball coach Ben Howland, who was fired last weekend after 10 years. Alford had just inked a 10-year deal with New Mexico, when UCLA snagged him.
Former New Mexico head coach Steve Alford reacts to a referee's call during a game against Harvard in the NCAA college basketball tournament in Salt Lake City earlier this month. Alford was hired Saturday to coach UCLA.
(AP Photo/Rick Bowmer)
EnlargeUCLA hired Steve Alford as basketball coach on Saturday, luring him from New Mexico days after he signed a new 10-year deal with the Lobos.
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Athletic director Dan Guerrero said Alford is "the perfect fit for UCLA" because he connects with a new generation of players and brings an up-tempo and team-oriented style of play to Westwood.
The 48-year-old coach succeeds Ben Howland, who was fired last weekend after 10 years and a 233-107 record that included three consecutive Final Four appearances and four Pac-12 titles. The Bruins were 25-10 this season, which ended with a 20-point loss to Minnesota in the second round of the NCAA tournament.
Alford led New Mexico to a 29-6 record this season that included the Mountain West regular-season and tournament titles. But the Lobos were upset by Harvard in the second round of the NCAAs shortly after Alford's new deal with the school had been announced.
Alford will be introduced at UCLA on Tuesday.
"I have been so fortunate and blessed in my life, and an opportunity to lead one of the greatest programs in college basketball history is once-in-a-lifetime," he said in a statement.
Alford had a 155-52 record in six years at New Mexico, with the Lobos making three trips to the NCAA tournament. He was selected Mountain West coach of the year three times.
His other head coaching stints were at Iowa (2000-07), Missouri State (1996-99) and Manchester College (1992-95) in his native Indiana.
Alford is a legend in the Hoosier state, where he starred at Indiana University from 1984-87 under coach Bob Knight. The Hoosiers won the national championship in his senior year. He also played on the gold medal-winning 1984 U.S. Olympic basketball team in Los Angeles as a college sophomore. Knight coached that team.
Alford was drafted by the Dallas Mavericks in 1987 and played four years in the NBA before starting his head coaching career at tiny Manchester.
Copyright 2013 The Associated Press.
Source: http://rss.csmonitor.com/~r/feeds/csm/~3/4xg0Lekkyj0/UCLA-hires-Alford-away-from-New-Mexico
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This isn't quite the BlackBerry earnings story you're waiting for -- after all, the US figures covering the success (or otherwise) of the Z10 won't arrive until the next quarter. Instead, we're looking at the company's results from the end of the financial year to March 2nd, which show that BlackBerry made $94 million in GAAP income on revenues of $2.7 billion -- in contrast to the $125 million net loss it made in the same quarter last year. More importantly, it shipped out almost one million BlackBerry 10 devices during the three weeks of the quarter that they were available. In addition, it managed to push five million of its older smartphones and 370,000 PlayBook tablets out of the door, but saw user numbers fall from 79 million last quarter to 76 million now.
It's important to notice that as revenues have remained relatively flat, the surge in profits is more than likely down to Thorsten Heins' cost-cutting measures, with the CEO remarking that "We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the Company returning to profitability in the fourth quarter."
At the same time, the company let slip that Mike Lazaridis will retire from his position as vice-chair and director of the company he helped found the better part of three decades ago. He'll exit the business on May 1st so that he can concentrate on his new enterprise, Quantum Valley Investments.
Developing...
Filed under: Cellphones, Mobile, Blackberry
Source: ADVFN
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/Wg-vQaU-DRI/
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The push and pull between the Republican Party's members who are more and less enlightened on matters of race has been going on for a long time. And in just the last decade, the GOP has seen plenty of two-steps-forward-three-steps-back moments when it's tried to minority outreach programs. Take Ronald Reagan. In 1977, shortly before Jimmy Carter was sworn in, he spoke of a "New Republican party" and said it's "still going to be the party of Lincoln and that means we are going to have to come to grips with what I consider to be a major failing of the party: its failure to attract the majority of black voters." Three years later when he was running against President Carter, he didn't reply to an NAACP invitation to address their annual gathering, but showed up the next year after he was sworn and compared welfare programs to slavery, saying "'Just as the Emancipation Proclamation freed black people 118 years ago, today we need to declare an economic emancipation" and asked the attendees "to join me to build a coalition for change." The reception was cool, but he at least he received a hug from NAACP president Margaret Bush Wilson after his speech.?
RELATED: Conservatives Worry Latinos Aren't Worth Pandering To
35 years after Reagan pondered a G.O.P. presidential defeat, the ?Republican National Committee's "autopsy" of the 2012 election promises to really-for-real-this-time reach out to people who aren't "stuffy old men" (its own words!),?Republicans didn't wake up the day after the election and realized they needed to make the party less white. But, as in the past, the very public proclamations about being a more welcoming organization has thrown a harsher light on the party members who are anything but. Take, for instance, Alaska Rep. Don Young has to?apologize?for using the slur "wetbacks" on a radio show Thursday. "I know that this term is not used in the same way nowadays," Young said, "and I meant no disrespect." ?
RELATED: Karl Rove's History of Bad Advice Is Haunting the GOP
He's wrong in more than one respect. The word has not changed. It's just as offensive today as it was in 1920 to refer to Mexican migrant laborers being welcomed into Texas by business leaders?and as it was in 1954 when a mass deportation of those Mexican migrants was officially dubbed Operation Wetback. What has changed is the country and the acceptability of casual racism and the ?GOP has struggled to show it understands how much things have changed.?An ex-RNC field staffer told?BuzzFeed's McKay Coppins that "whenever they were notified of a new Republican outreach effort, they would pass around a Beanie Baby ? which they had dubbed the 'pander bear' ? and make fun of the 'tokenism.'" It's not that they were racist or something, the ex-staffer said, they just didn't see the point.
RELATED: Latino Votes Could Be Casualty of Romney-Perry Sparring
Any why should they? These sorts of political initiatives have come and gone before. Here's just a sampling.
RELATED: Marco Rubio Still Can't Slip Away from Obama on Immigration
2004: Minorities will love Republicans' social values.
RELATED: Chicago's Gun Dilemma, What Boeing Knew, and a Bloomberg Musical
Republicans tried to appeal to blacks and Latinos based on "family values" -- like opposition to abortion and gay marriage. George W. Bush's reelection campaign pushed for an anti-gay marriage constitutional amendment in Ohio to turn out voters, and Bush got 16 percent of black voters?in 2004 -- more than double the 7 percent got in 2000. Bush's faith-based initiatives office held supposedly non-partisan conferences with religious leaders to talk about poverty in their communities, and black religious clergy were specifically targeted.
But Republicans can't duplicate that today -- and probably wouldn't want to. After President Obama endorsed gay marriage, black voters' support for it climbed to 59 percent. And, as the RNC's autopsy noted, young voters support gay marriage even more. Even if Republicans could still lure minorities by opposing gay rights, it would cost them with young people.
2005: Black people should support privatizing Social Security because they'll die sooner.
Yes, in 2005, Bush's White House thought telling black people they would die sooner than white people would be a really good way to sell conservative fiscal policy -- instead of, say, make black people wonder what Republicans were suggesting to fix that problem. The?Los Angeles Times reported in March 2005:
The most provocative element of the GOP message to African Americans: Their shorter life expectancy means Social Security is not a favorable deal for them, a point contested by Bush's critics.
The president's plan for private accounts, Republicans say, would particularly benefit African Americans by allowing them to build wealth more rapidly and pass a portion of their Social Security contributions to their heirs.
That story noted a persistant problem for Republicans, which you can see in black voters' growing support for gay marriage after Obama's endorsement: when black voters find out they like a policy supported by Republicans, they don't like the party more, they like the policy less. In polling on Social Security privatization, the Los Angeles Times wrote,?"Support for the concept plummets when the survey questions link private accounts to Bush or another Republican."
2007: Immigration reform and more Latino GOP faces will make Latinos like the party more.
Though Bush had gotten record levels of support (40 percent) from Latino voters, in the 2006 election, they swung back to the Democrats. According to exit polls, about 70 percent of Latinos voted for Democrats in the midterm elections. Polls showed they cared more about the Iraq war than immigration, but the immigration debate among Republicans had already gotten ugly. In 2007, it got worse.
After the 2006 elections, the GOP tried to do what the RNC is trying to do in 2013: Promote more black and Latino Republicans to prominent positions. Bush picked the next chair of the RNC to be Florida Sen. Mel Martinez, a Cuban immigrant who favored a path to citizenship for illegal immigrants. Conservatives revolted.?Colorado Rep. Tom Tancredo warned that Martinez would fail if he?"rejects the will of rank-and-file Republicans and uses the position to advocate for things like the president's amnesty proposal, then I believe the party could be headed for another shellacking at the polls in 2008."?Immigration reform died in Congress.?Tancredo would go on to run for president as the anti-immigration candidate. Republicans got shellacked in 2008, but not for the reason Tancredo predicted. Though RNC chair is a two-year position, Martinez stepped down in October 2007. At the time, the RNC's Latino outreach chair still hadn't been filled. At the time, the?Republican National Hispanic Assembly had no office and had considered closing,?Newsweek reported.
Glimmers of hope turned out to be false ones. Check out this fateful closing paragraph from?Newsweek?in September 2007 about whether Republicans could repair the damage following the immigration fight:
Already, two of the GOP candidates earn more favorable marks than their Republican peers among Latino politicos: Mitt Romney, who's got an energetic outreach effort led by Al Cardenas, the former chair of the Florida Republican Party; and McCain, who championed immigration reform in the Senate. It will be up to them to undo any damage their party has done.
Romney, of course, did not do that. He lost in 2008. In 2012, he said in Republican primary debates that he favored self-deportation -- making life for immigrants so horrible they go home on their own. When Rick Perry accused him of employing illegal immigrants, Romney famously said, "I?m running for office, for Pete?s sake, I can?t have illegals."
Republicans' latest outreach effort shouldn't be seen as a change of heart, but part of a long, hard slog fighting the Don Youngs of the party -- and the temptations to pander to them.
Source: http://news.yahoo.com/gop-tried-failed-minority-outreach-many-times-172024728.html
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Maybe it's that $169 price, or maybe it's the inclusion of an honest-to-goodness memory card reader, but we know some of you can't wait to get your mitts on HP's new Slate 7 Android tablet. Back when it was first announced, the company indicated it'd be available by April, but it would seem that plan has changed: the product page on HP's site is now saying the Slate won't arrive until sometime in June. We're not sure why there's a delay (we're asking for comment), but we do know this can't be good news for HP. By June, after all, Google I/O will have come and gone, and the next-gen Nexus 7 might already be on sale.
[Thanks, jmartj]
Update: HP has confirmed that it made a mistake in listing a June 2013 arrival date on the Slate 7's product page. In fact, the tablet is still slated (har) to arrive in April. Carry on.
Source: HP
Source: http://www.engadget.com/2013/03/29/hp-slate-7-delayed-until-june/
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By Claire Davenport
BRUSSELS (Reuters) - Britain suffered a long-expected political defeat on Wednesday when it failed to stop European Union countries waving through a cap on bankers' bonuses, an EU law that will hit London hardest.
Corporate largesse is under attack across Europe with Switzerland earlier this month voting to impose some of the world's strictest controls on executive remuneration amid public anger at Wall Street-style excess in company boardrooms.
But capping bonuses at the level of base salary represents a setback for Britain - home to the EU's largest financial centre - and, for some, underscores the country's waning influence in the EU.
Earlier this year, Chancellor George Osborne tried to change the new rules but none of his EU counterparts supported him. Britain could not veto the rules on its own.
A spokeswoman for the rotating EU presidency, currently held by Ireland, said ambassadors from member states had reached a qualified majority agreement on the rules.
The bonus caps are one element of new regulations to strengthen banks' balance sheets and prevent a repeat of the taxpayer bailouts that have fuelled public anger at the sector.
Other measures include increasing the level of capital and liquid assets held by banks and are part of the new framework to introduce internationally agreed rules known as Basel III.
Some members of the European Parliament are also seeking to extend bonus curbs to fund managers but these have not yet been agreed.
On Wednesday the cap for banker bonuses received the support of 26 EU countries - all members except Britain - at a meeting of the bloc's ambassadors.
A referendum this month in Switzerland - which is outside the European Union - voted 67.9 percent in favour of allowing shareholders to veto executive pay proposals and banning big rewards for new and departing managers.
Britain's Osborne opposes the bonus caps which he says would weaken rather than strengthen banks by forcing them to raise fixed salaries to retain staff.
While the rules are set to be introduced as early as January 2014, the provisions for bonus limits will impact payouts made only in the following year.
The rules should make it harder to make large payouts such as the bonus worth more than 17 million pounds cashed in this week by Rich Ricci, the head of Barclays'
The strict limits have already been slightly eased by allowing bonuses of twice base salary if shareholders agree, but are nonetheless the toughest in the world. They will also apply to the staff of European banks operating outside the region.
Bankers willing to wait longer than five years for some of their payout could slightly exceed the two times salary limit.
Up to a quarter of a banker's bonus can be paid in such long-term instruments as share options, bonds or other non-cash payments which can be cashed in after five years.
The European Parliament is set to formally endorse the new rules in April.
(Editing by David Cowell)
Source: http://news.yahoo.com/britain-loses-battle-over-eu-bank-bonus-caps-154142432--sector.html
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Mar. 27, 2013 ? A strain of probiotic bacteria that can fight harmful bacterial infections in poultry has the ability to change its coat, according to new findings from the Institute of Food Research.
The probiotic is currently being taken forward through farm-scale trials to evaluate how well it combats Clostridium perfringens -- a cause of necrotic enteritis in poultry and the second most common cause of food poisoning in the UK
The researchers at IFR, which is strategically funded by the Biotechnology and Biological Sciences Research Council, had previously found that the probiotic Lactobacillus johnsonsii, when given to young chicks, prevents the colonisation of C. perfringens. Now, in research published in the journal PLOS ONE, they have found that the probiotic bacteria have the ability to alter their coat. They speculate that this could be one way in which the probiotic outcompete C. perfringens.
The researchers noticed when examining the bacteria that a small number of them appear smooth. They identified genes responsible for making a special coat, or slime capsule, which the bacteria surround themselves in. This protects the bacteria from stomach acids and bile salts, and helps them come together to form biofilms. It may also protect against drying out when outside the host. The natural appearance of smooth mutants could be a ploy used by the bacteria to introduce variation into its populations, making them able to take advantage of different environments.
By turning off one or more of the coat genes, they could see what effect this had on its ability to stick to gut tissues. "The next step is to understand the regulation of the genes involved in making the coat" said Dr Arjan Narbad, who led the studies. "We want to find out whether changing the coat affects the probiotic's fitness to colonise and inhabit the gut."
This in turn could prevent C. perfringens from colonising the gut. This competitive exclusion could be one reason why the probiotic strain prevents the growth of other harmful bacteria.
Understanding the role of the slime capsule coat will inform the commercial development of this strain as a preventative treatment for C. perfringens infection in poultry, especially in regard to how the probiotic is stored and produced. Through the technology transfer company Plant Bioscience Ltd, the strain has been patented and is now in large-scale farm trials to assess its efficacy. As these bacteria have previously been used in the food chain and are considered safe for human consumption, this probiotic strain could become new way of controlling C. perfringens.
As there is a growing pressure to reduce the use of antibiotics in farming, new products are needed to maintain animal welfare standards, reduce the huge costs of necrosis in poultry and help keep our food safe.
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Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/O0ogdd649bs/130327190538.htm
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The fine arts auction house Christie's is auctioning off a huge, partly fossilized egg laid by an elephant bird, an extinct creature native to Madagascar. The starting price: $45,000.
Christie's scientific specialist James Hyslop poses for photographs with a sub-fossilized pre-17th century Elephant Bird egg at the auction house's premises in London. The extinct Elephant Bird species was native to Madagascar and among the heaviest known birds.
Matt Dunham/AP
EnlargeLarger than a rugby ball and several hundred years old, a giant, partly fossilized egg laid by an extinct bird is set to be auctioned by Christie's. The auction house expects the egg to fetch up to $45,000.
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James Hyslop, the Christie's scientific specialist shown in the Magritte-esque photo above, told the BBC that the type of egg is "the largest egg ever laid by any animal."
The egg is "bigger than dinosaur eggs," said Hyslop.
Of course, phylogenetically speaking, birds?are?dinosaurs, a fact that is easier to believe when you consider the creature that dropped this particular ovum, the elephant bird.
The elephant bird, if you haven't guessed by its name and the size of the egg, was big. Bigger, in fact, than the biggest living bird, the African ostrich. Like the African ostrich, the elephant bird was flightless and from Africa ? Madagascar to be exact. But unlike the African ostrich, it stood over 10 feet tall and weighed up to 800 lbs.?In short, it's not the sort of creature you'd like to meet in a dark alley, unless you happen to be a paleoornithologist?with a tranquilizer rifle.
Elephant birds, a term that comprises up to four species, were common on Madagascar through the 17th century. They are thought to have been driven out of existence by humans, either directly through hunting or indirectly through diseases carried by poultry brought to the island.
How did the elephant bird get so big? It's an example of island gigantism, a phenomenon by which animals on islands tend to evolve to be much larger than their mainland counterparts. Island gigantism often occurs when islands make poor habitats for large predatory mammals, either because they offer limited ranges or because the mammals can't cross the water to get there in the first place. In the absence of such predators, other animals can evolve to fill their niches. Either that, or the lack of predators allow them to grow larger, because there is no need to hide or escape. But?when humans arrive on an island, its giants tend to go extinct. ?
Examples of island gigantism can be found with Komodo dragons, Galapagos tortoises, and the Flores giant rat. ?
In 1894, the science fiction author H.G. Wells published a short story about a man who discovers an ancient elephant bird egg, which subsequently hatches.
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By Emily Stephenson and Rick Rothacker
(Reuters) - In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs
The Fed said JPMorgan and Goldman would have to submit new plans by the end of the third quarter. A senior central bank official declined to identify specific problems.
In the second phase of the Fed's annual stress tests of the 18 largest U.S. banks, the regulator said on Thursday that it had approved 14 firms' capital plans without any strings attached.
The Fed vetoed submissions by BB&T Corp
The results show the Fed is keeping a tight leash on the nation's big banks five years after the U.S. financial crisis.
The annual testing has become a key tool for regulators to ensure that banks are not eating too much into their capital cushions, by examining how banks would weather a hypothetical major market shock.
Last week, in the first set of stress test results, the Fed said that without their planned capital distributions, major U.S. banks overall had enough capital to withstand a severe economic downturn.
Ally Financial was the only bank last week that failed to meet the minimum hurdle of a 5 percent capital buffer in the Fed's test, which assumed a spike in unemployment to 12.1 percent and a 50 percent drop in share prices.
The Fed also uses the tests to determine whether banks are in a position to pay out dividends or buy back shares.
The tests have become a source of tension between banks and the Fed. Some banks last week released results of their own tests, calculated using the same scenarios the Fed used. Many banks scored themselves higher than the Fed did.
The Fed reprimanded JPMorgan and Goldman based on "qualitative" concerns, not their capital ratios. That could confuse investors, said Ernie Patrikis, a former New York Fed official who is now a partner at the law firm White & Case.
"It's a strange public process because to us it all looks kosher, but the Fed is saying, 'No, it's not kosher because we know more than you do about the numbers,'" Patrikis said.
In after-market trading, shares of Goldman Sachs and JPMorgan fell 2 percent, while BB&T shares fell 3.1 percent.
The Fed said JPMorgan and Goldman Sachs each had "weaknesses in its capital plan or capital planning process that were significant enough to require immediate attention, even though those weaknesses do not undermine the quantitative results of the stress tests."
Tom Day, senior director of stress testing and capital planning at Moody's Analytics, foresaw few problems for the two Wall Street banks. "I don't expect that Goldman and JP will have anything but approval when they resubmit," he said.
The two can move forward with any plans for dividends or share buybacks, but they will have to submit new plans to the Fed at the end of the third quarter. If the Fed deems those plans insufficient, it could order the banks to halt any new capital distributions, the senior Fed official said.
"We are pleased to continue to have the flexibility to return capital to shareholders," Goldman Chief Executive Lloyd Blankfein said in a statement. The company said it would resubmit its capital plan with enhancements by the end of the third quarter.
"JPMorgan Chase is fully committed to meeting all of the Fed's requirements," CEO Jamie Dimon said in a statement.
CAPITAL PLANS
The Fed did not provide a breakdown of each bank's plans for dividends and repurchases. Some individual banks on Thursday began disclosing those details themselves.
JPMorgan said that the Fed had approved its plan to buy back $6 billion of stock over the next 12 months, subject to addressing the weaknesses found in the firm's capital planning process. JPMorgan will raise its quarterly dividend in the second quarter to 38 cents a share from 30 cents, it said.
Goldman did not disclose details of its capital plan.
Bank of America
Bank of America shares rose 4.3 percent in after-hours trade. The bank's quarterly dividend will stay at a penny per share.
American Express said it plans to increase its quarterly dividend to 23 cents per share, a 3 cent increase, and to buy back up to $4 billion in company shares in 2013.
The company had to lower its submission after the Fed concluded that under its initial plan, American Express's capital level would have dropped below the minimum requirement for at least one quarter during the hypothetical nine-quarter "stressed" period.
The Fed this year gave banks 48 hours to resubmit their plans if it appeared the initial proposal would not be approved, the first time banks got a second shot at capital distributions.
Ally Financial and BB&T will not be able to move forward with proposed capital distributions.
The U.S. government owns a majority stake in Ally, the former General Motors
The Fed said it rejected Ally's capital plan "both on quantitative and qualitative grounds." Ally submitted a revised plan, but that plan was also rejected by regulators.
A senior Fed official would not disclose Ally's capital plan. Ally spokeswoman Gina Proia said the company has withdrawn a requested capital action but declined to provide details.
Ally, which has a mortgage unit in bankruptcy proceedings and is trying to sell its international businesses, has disputed the Fed's assumptions in the stress tests. Proia said the company would be positioned to pay back the U.S. Treasury once it has completed "certain milestones in its strategic plans."
The Fed said it rejected BB&T's proposal based on qualitative concerns.
BB&T, which scored above many of its peers in the stress test, said in a statement the Fed does not permit banks to disclose the reason for a capital plan rejection, but it did not believe it was related to the bank's "capital strength, earnings power or financial condition."
The Fed did not object to the continuation of its quarterly dividend of 23 cents per share and the payment of preferred dividends, BB&T said.
(This story was fixed to make clear that Ally has withdrawn a requested capital action in paragraph 30 ; to clarify that Ally has a mortgage unit in bankruptcy proceedings, not Ally itself, in paragraph 31 )
(Reporting by Emily Stephenson in Washington, D.C. and Rick Rothacker in Charlotte, N.C.; Additional reporting by Lauren Tara LaCapra and David Henry; Editing by Karey Van Hall and Tim Dobbyn)
Source: http://news.yahoo.com/fed-tells-jpmorgan-goldman-improve-capital-plans-003200414--sector.html
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A Second Take on Meeting the Press: From an up-close look at Rachel Maddow's sneakers to an in-depth look at Jon Krakauer's latest book ? it's all fair game in our "Meet the Press: Take Two" web extra. Log on Sundays to see David Gregory's post-show conversations with leading newsmakers, authors and roundtable guests. Videos are available on-demand by 12 p.m. ET on Sundays.
Source: http://www.nbcnews.com/id/3032608/vp/51024872#51024872
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Bangor - Families at the Bangor Municipal Golf Course traded in golf clubs for skis.
Bangor Parks and Recreation hosted the 1st annual Penobscot Ski Bash..
Activities included speed traps, jumps, and a scavenger hunt.
The course was transformed into a cross county ski area to get families outdoors enjoying the snow.
"We really want people to love winter and get active and outside," said Healthy Hometowns Coach for Maine Winter Sports Center Lauren Jacobs. "Having a day where equipment is available to try and a lot of fun activities really helps people see how fun winter can be."
Maine Sports Center and Penobscot Valley Ski Club also helped with the event.
Organizers plan to hold the event for years to come.
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Source: http://www.wabi.tv/news/38129/penobscot-ski-bash-held-at-bangor-golf-course
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