Sunday, December 18, 2011

UK insists it will help Europe's new fiscal pact (AP)

LONDON ? Britain's government insists it wants to help its European neighbors hammer out the details of a fiscal pact aimed at fixing the continent's debt crisis ? even though Prime Minister David Cameron refused to sign up to the accord.

Cameron's office said Thursday that he had called the leaders of Ireland, the Czech Republic, Denmark and Sweden this week, and plans to talk with other counterparts.

Leaders are debating whether the 26 nations expected to agree to the deal can use the European Union's institutions ? such as its Brussels-based executive, or the European Court of Justice ? which are intended to serve all 27 members of the EU bloc.

"We are seeking to engage constructively in that discussion," Cameron's spokesman Steve Field told reporters in London.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111215/ap_on_re_eu/eu_britain_financial_crisis

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Saturday, December 17, 2011

Exclusive: Made in Texas: Apple's A5 iPhone chip (Reuters)

SAN FRANCISCO ? Apple Inc is famous for relying on low-cost Asian manufacturers to both source and assemble its popular gadgets, but the consumer device giant recently started receiving a critical component in its iPad and iPhones from closer to home - Texas.

The A5 processor - the brain in the iPhone 4S and iPad 2 - is now made in a sprawling 1.6 million square feet factory in Austin owned by Korean electronics giant Samsung Electronics, according to people familiar with the operation.

One of the few major components to be sourced from within the United States, the A5 processor is built by Samsung in a newly constructed $3.6 billion non-memory chip production line that reached full production in early December.

Nearly all of the output of the non-memory chip production from the factory - which is the size of about nine football fields - is dedicated to producing Apple chips, one of the people said. Samsung also produces NAND flash memory chips in Austin.

The South Korean giant began supplying the A5 processors to Apple this year from the Austin plant, the people said.

Apple declined to comment, saying it does not detail supplier relationships. A Samsung spokeswoman declined to comment on its customers and the specification of the chips made in its Austin plant.

But she said the company expanded the Austin factory to include a production line to make logic chips. The A5 is one such chip.

The powerful A5 processor, which uses technology licensed from Britain's ARM Holdings, is designed by Apple in California.

The A5 chip debuted in Apple's iPad 2 in March and now also powers the new iPhone 4S. The 120 square millimeter chip is twice as fast as its predecessor, the A4, which is also made by Samsung, according to reports from teardown firms that have taken Apple's devices apart.

TEXAS APPLE

Apart from Austin, Samsung has only one other non-memory logic chip factory, in South Korea.

Apple relies on its main contract manufacturer for gadgets, Foxconn, to assemble them, mainly in its factories in China and Taiwan.

The roaring success of both the iPad and iPhone has helped the city of Austin, where Freescale Semiconductor is based and other chip companies, like ARM, Intel and Advanced Micro Devices, also have operations.

Semiconductor companies are attracted to Austin because of a steady supply of educated employees from the University of Texas' engineering school.

Samsung has added about 1,100 jobs to support the new non-memory chip production in the factory, which produces 40,000 silicon wafers every month, a Samsung spokeswoman said.

The rest of Samsung's total 2,400 employees in Austin work in its NAND flash memory factory by the logic chip factory, she added.

The Korean company, which began the U.S. plant in 1996 to make its NAND flash memory chips, continues to produce them there in addition to the A5.

Samsung's factory is the largest foreign investment in Texas with a total investment of about $9 billion, according to Austin Chamber of Commerce.

Austin is also home to an Apple customer call center that deals with customer complaints in North America, Apple's biggest market. The Cupertino company employs thousands in that facility, who deal with calls ranging from complaints to support.

While Apple is one of Samsung's largest customers, both are arch-rivals in the smartphone and tablet marketplace. The two companies are also locked in an acrimonious patent infringement battle that spans multiple countries and products.

(Additional reporting by Noel Randewich in San Francisco and Miyoung Kim in Seoul; Editing by Gary Hill)

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/nm/20111216/ts_nm/us_apple_samsung

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Crunch time for Qatar, UAE stocks | Global Investing

Index compiler MSCI will announce tonight at 2300 GMT whether or not Qatar and United Arab Emirates get an upgrade to the firm?s flagship global emerging market stock index from their current slots in the frontier market index.

If any Qatari or UAE stocks get into the index, they are likely to make up only a small percentage of the benchmark, which has heavy weightings for countries like the BRIC nations and South Korea. But the move would attract investment from the many funds who measure their performance against the index, and might prefer not to deviate too far from it.

Qatar and UAE were due for a possible upgrade earlier this year, but MSCI gave them another six months to allow market players to assess new delivery-versus-payment (DvP) settlement systems.

MSCI has also said Qatar might not make it because of its 25 percent foreign ownership limit ? foreign ownership needs to be ?significant? to ?meet emerging market index criteria.

Most players don?t expect Qatar to get upgraded tonight because of the foreign ownership issue and there are also doubts about UAE.

If MSCI surprises, the stock markets are likely to get a boost ? Dubai stocks are trading close to 2004 lows, and Abu Dhabi near 2009 lows, though Qatar has had a relatively good year.

According to Emad Mostaque, MENA strategist at Religare Capital Markets in London:

The UAE is more likely to be upgraded than Qatar as the latter has not raised its foreign ownership limits, a key concern raised by MSCI. Both have introduced delivery versus payment ?models requested by MSCI, although the efficacy of these models is still a concern. If the UAE is not upgraded this time, it is likely to receive an upgrade next summer when the next review takes place.

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Source: http://blogs.reuters.com/globalinvesting/2011/12/14/crunch-time-for-qatar-uae-stocks/

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Friday, December 16, 2011

US crude supplies shrank by 1.9 million barrels (AP)

NEW YORK ? The nation's crude oil supplies declined last week, the government said Wednesday.

Crude supplies shrank by 1.9 million barrels, or 0.6 percent, to 334.2 million barrels, which is 3.4 percent below year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Analysts expected a decrease of 2 million barrels for the week ended Dec. 9, according to Platts, the energy information arm of McGraw-Hill Cos.

Gasoline supplies grew by 3.8 million barrels, or 1.8 percent, to 218.8 million barrels. That's 1.9 percent above year-ago levels. Analysts expected gasoline supplies to increase by 2 million barrels.

Demand for gasoline over the four weeks ended Dec. 9 was 4.5 percent lower than a year earlier, averaging 8.7 million barrels a day.

U.S. refineries ran at 85.1 percent of total capacity on average, 2.7 percentage points down from the prior week. Analysts expected capacity to fall to 87.7 percent.

Supplies of distillate fuel, which include diesel and heating oil, rose by 500,000 barrels to 141.5 million barrels. The increase matched analysts' expectations.

In morning trading Benchmark crude fell $3.58, or 3.6 percent, to $96.56 a barrel in New York.

Source: http://us.rd.yahoo.com/dailynews/rss/energy/*http%3A//news.yahoo.com/s/ap/20111214/ap_on_bi_ge/us_crude_inventories

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Japan declares tsunami-crippled nuke plant stable

(AP) ? Japan's prime minister has announced that the tsunami-devastated Fukushima Dai-ichi nuclear power plant has reached a "cold shutdown" and is no longer leaking substantial amounts of radiation.

Prime Minister Yoshihiko Noda's announcement Friday marks a milestone nine months after the March 11 tsunami sent three reactors at the plant into meltdowns in the worst nuclear crisis since Chernobyl.

But experts noted that the plant remains vulnerable to more problems and will take decades to decommission the plant.

The crisis displaced some 100,000 people. Officials are to start discussing allowing some residents to return to less contaminated areas. A 12-mile (20-kilometer) zone around the plant is expected to remain mostly off-limits for years.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

TOKYO (AP) ? Japan's government was to declare Friday that the tsunami-devastated Fukushima Dai-ichi nuclear power plant had finally achieved a "cold shutdown," meaning it has stabilized and is no longer leaking substantial amounts of radiation.

The announcement would mark a big milestone nine months after the March 11 tsunami touched off a crisis at the plant and sent three of its reactors into meltdowns. Experts noted, however, that the facility remains vulnerable to more problems and will take decades of difficult and dangerous work to safely close down.

Prime Minister Yoshihiko Noda was to announce the government's assessment of conditions at the plant in a news conference later Friday.

The government's official endorsement of the claim by Tokyo Electric Power Co. that the reactors have reached cold shutdown status is a necessary step toward revising evacuation zones around the plant and focusing efforts from simply stabilizing the facility to actually starting the arduous process of shutting it down.

But the assessment has some important caveats.

The announcement is expected to say Fukushima has reached cold shutdown "conditions"? a less definitive phrasing reflecting the fact that TEPCO cannot measure temperatures of melted fuel in the damaged reactors in the same way as with normally functioning ones. So the government also attached additional conditions to be met, including minimizing radiation leaks around the plant and taking backup safety measures to ensure Fukushima's wrecked reactors are safely cooled.

Even so, the announcement would mark the end of the second phase of the government's lengthy roadmap to completely decommission the plant, which is expected to take 30 years or more.

Officials can now start discussing whether to allow some evacuated residents who lived in areas with lesser damage from the plant to return home ? although a 12-mile (20-kilometer) zone around the plant is expected to remain off limits for years to come.

Some 100,000 people were displaced by the crisis.

A cold shutdown normally means a nuclear reactor's coolant system is at atmospheric pressure and the its reactor core is at a temperature below 212 degrees Fahrenheit (100 degrees Celsius), making it impossible for a chain reaction to take place.

According to TEPCO, temperature gauges inside the Fukushima reactors show the pressure vessel is at around 70 C (158 F). The government also says the amount of radiation now being released around the plant is at or below 1 millisievert per year ? equivalent to the annual legal exposure limit for ordinary citizens before the crisis began.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-12-16-AS-Japan-Nuclear-Crisis/id-3bb0ca03ddbf4ec981444f36e60aec38

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Wednesday, December 7, 2011

Too promiscuous to donate an organ? Maybe

The Star-Ledger

Organ transplant experts are worried that proposed new federal health guidelines will limit the number of available donors and recipients willing to accept organs newly classified as risky.

By JoNel Aleccia

If you've had sex with two or more partners in the past year, you may be considered a risky organ donor, at least according to proposed new federal health guidelines that have drawn sharp protests from transplant experts who?say?they're far too broad.?

?With the new guidelines, every college student in America will be high risk,? said Dr. Harry Dorn-Arias, a transplant?surgeon at the University of Virginia. ?Right now, it's probably a prostitute or a guy with a needle in his arm. Next time, it will be just a young guy."

Under the new?policy proposed this fall?by the Centers for Disease Control and Prevention, deceased and living donors who were not monogamous in the previous 12 months would be considered at increased risk of transmitting HIV, hepatitis B and hepatitis C -- even if they had no other risk factors

CDC officials say the?proposed guidelines are aimed at making the organ supply safer and preventing accidental transmission of life-threatening infections. The policies wouldn?t absolutely ban anyone from donating, especially?in an exceptional or life-saving situation, but they would?call for?more scrutiny and testing.

?It?s geared for the patient so the patient knows as much as they can about the organ being transplanted in them,? said Dr. Matthew J. Kuehnert, director of the CDC?s office of Blood, Organ and Other Tissue Safety.

But transplant experts are outraged because they say the proposal arbitrarily focuses on monogamy and could limit both the number of available donors and the number of recipients willing to accept organs newly classified as risky.

They worry that potential living donors may balk at donating if they know their sexual history alone could raise questions about their suitability, particularly if the situation involved a family member.

?If you were going to give your organ to your mom or dad or sister, you?re going to be ashamed of that,? said Dorn-Arias. ?You?re either going to say no, or you?re going to lie.?

The proposed policy could also require families of deceased donors to answer uncomfortable questions -- ones they may not even know the answers to -- about the specific sexual behaviors of their loved ones.

??It?s probably going to triple what we consider high risk at this point,? said Tracy Giacoma, transplant administrator at the University of Kansas Hospital. ?It may scare patients off from taking these organs. More patients may die because they don?t take these organs.?

More than 28,000 organs are transplanted each year, but more than 112,000 people are on organ waiting lists, according to figures from the Organ Procurement and Transplantation Network.??

The guidelines could affect a wide swath of?potential donors, particularly younger people.?About a quarter of women and nearly 30 percent of men ages 20 to 24 said they had two or more sexual partners in the past 12 months, according to a 2006-2008 report by the National Center for Health Statistics.

Live Poll

Should donors who have had more than two sex partners in a year be considered high risk?

  • 170125

    No.

    66%

  • 170126

    Yes.

    21%

  • 170127

    I don't know.

    14%

VoteTotal Votes: 3755

When tragic deaths occur, those are precisely the people who should donate their organs, if possible, Giacoma said.

"If you have a?[donor] that's 19 years old and he had multiple partners, we'll have to tell the recipient, this is a high-risk organ," she said.

The sexual partner tally is only one of several new factors that could tag a potential donor as being at increased risk of infection. It?s part of a larger set of guidelines that would update 1994 Public Health Service policies for preventing transmission of HIV through human tissue and organs.

"Our priority here is patient safety," said Kuehnert, who noted that the guidelines describe "increased risk," not "high risk," of infection. "[Patients] should know if they're getting an organ at elevated risk."

The 1994 guidlines exclude certain groups?as?donors,?including men who have had sex with other men within the past five years, people who've used IV drugs or exchanged sex for money or drugs in the past five years, hemophiliacs,?those exposed to HIV, and people who've had sex with anyone in those categories. They also limit people who've been incarcerated.

The new plan calls for the first-ever guidelines for testing living donors and it adds hepatitis B and hepatitis C to the list of must-test viruses, along with HIV, Kuehnert said. ?As it stands now, only HIV?is included in the guidelines, though most organ transplant centers do test for a range of other potential?diseases.?

The proposal also calls for use of the most sensitive tests available to detect infection?and for shorter testing windows to avoid transmitting infections, which occurs in an estimated 1 percent of transplant cases and has been fatal, Kuehnert said.

Between 2007 and 2010, the CDC participated in more than 200 investigations of suspect unexpected transmission of infections including HIV and hepatitis B and C, with dozens of cases confirmed, Kuehnert?added.

The risk of infection from organs may be rare, but it's real. Helen Boucher's husband, George, 54, of Pawtucket, R.I., died in 2005 after receiving a kidney tainted with a rare infection traced back to a virus from the donor's pet hamster.?The new guidelines wouldn't have helped?detect the Lymphocytic Choriomeningitis virus?--?known as LCMV --?but Helen Boucher, now 61, said preventing the trauma her family endured is worth any extra scrutiny.

"My gut feeling is if you want to be a donor, you?re doing a wonderful thing, but you also have to think about what could happen to the recipient," she said. "If I?m willing to be a donor, I?m willing to answer any of those questions that someone is going to ask of me."

The proposed guidelines shorten the time frame for many of the higher-risk behaviors from five years to one year. But?they also classify as risky people who have used kidney dialysis during that time; people who have snorted cocaine or heroin nasally; those who've been in prison, jail or juvenile detention centers for more than three consecutive?days in the past year; those who currently have or who have been treated for syphilis, gonorrhea or genital ulcers in the past year and people who have immigrated to the United States within the last year from a country with a high prevalence of hepatitis B.

Other aspects of the plan have drawn fire from transplant experts who object to?tests that might be too expensive and too slow for all centers to administer.

But it's the new emphasis on two or more sexual partners that has ignited most ire, judging from public comments about the proposal being accepted through Dec. 21 at www.regulations.gov.

?I am opposed to the guidelines as written,? wrote Dr. John Radomski, chief of surgery at Our Lady of Lourdes Medical Center in Camden, N.J. ?The list of high risk behavior seems way too broad.?

CDC officials downplayed the controversy, saying that the proposal is a draft and can be changed, particularly if there's strong evidence to support any alteration. They said the primary goal is to?obtain as much information about transplanted organs as possible, whether that comes from personal histories or advanced screening tests.

Using a set of behaviors to gauge risk makes sense, Kuehnert said, and studies suggest that having more than one sexual partner raises the risk of infection.

?We can quibble about whether it should be two sexual partners or three or five or 10, but we?ll have to have a cut-off point,? he said.

Should donors?who?had sex with more than two people in a year be considered high risk? Tell us on Facebook.

Related stories:
Infected organs pose deadly transplant risk
Killer's quest: Allow organ donation after execution
Agencies consider new organ donation rules

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Source: http://vitals.msnbc.msn.com/_news/2011/12/02/9173566-too-promiscuous-to-donate-an-organ-maybe-cdc-says

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Tuesday, December 6, 2011

Home prices fall in Oct for 3rd month: CoreLogic (Reuters)

NEW YORK (Reuters) ? Home prices fell in October for the third month in a row with growth in the beleaguered sector expected to remain flat for years to come, data analysis firm CoreLogic Inc said on Tuesday.

CoreLogic's (CLGX.N) home price index fell 1.3 percent in October from the month before. Compared to October of last year, prices were down 3.9 percent, deeper than September's revised year-over-year decline of 3.8 percent.

Excluding distressed sales, prices were down just 0.5 percent from a year ago.

"Home prices continue to decline in response to the weak demand for housing. While many housing statistics are basically moving sideways, prices continue to correct for a supply and demand imbalance," Mark Fleming, chief economist at CoreLogic, said in a statement.

"Looking forward, our forecasts indicate flat growth through 2013."

The glut of houses on the market has kept prices low while buyers remain on the sidelines.

Of the top 100 statistical areas measured by population, 78 showed yearly declines, down from 80 in September.

(Reporting By Leah Schnurr, Editing by Chizu Nomiyama)

Source: http://us.rd.yahoo.com/dailynews/rss/software/*http%3A//news.yahoo.com/s/nm/20111206/bs_nm/us_usa_housing_corelogic

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