Monday, October 31, 2011

Turkey rescuers look for survivors at 4 buildings (AP)

ERCIS, Turkey ? Turkish rescue teams are still looking for survivors at four collapsed buildings six days after a powerful earthquake.

Authorities on Saturday said the death toll in the 7.2-magnitude earthquake is now 582. They said 455 of them died in the hardest-hit city of Ercis in eastern Turkey.

Searchers on Saturday pulled the body of a 27-year-old teacher from a crumbled building and continued drilling through the wreckage in search of two other missing people.

A mother was waiting outside wailing for her son, another teacher, believed to be trapped inside, as hopes of finding more survivors were dimming.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20111029/ap_on_re_eu/eu_turkey_quake

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Five Favorite Films with Abigail Breslin

Since her acting debut in Signs (at age six) and Oscar nomination for Little Miss Sunshine (at age 10), Abigail Breslin has taken an unpredictable path in her film roles, appearing in everything from family movies to heartstring-heavy dramas to unabashed horror-comedy -- as Zombieland's gun-toting scamp Little Rock, she got to indulge in what few of her young peers are allowed; namely, blowing away hordes of the undead. This year, Breslin's already lent her voice to probably the best, and certainly the most original American animated feature, Rango, and she'll soon appear (alongside practically everyone else in Hollywood) in the romantic comedy New Year's Eve; while next year brings a transition to teenage roles -- including a high school murderess in the very Heavenly Creatures-sounding Innocence. In this week's Janie Jones, Breslin plays the title character, a 13-year-old girl set adrift from her single mother to reconnects with her boozy rock-n-roll dad, played by Alessandro Nivola. We sat down with the young actress to talk about the movie and her music, where she sees her career headed, and her Five Favorite Films (with a little assist from her mom).


One would probably be Meet Me in St. Louis, which I love. Meet Me in St. Louis I love because I love Margaret O'Brien, and I actually got to meet her in person -- she was so sweet and so cool. She was my favorite. So I love that movie.

I guess I'll have to do one horror movie because it's my thing; I love horror movies. So my favorite horror movie would be... [pauses] I guess I'll just go with a recent one that I really like right now, which was Insidious. I actually really liked that. It was kind of like, in some ways kind of campy, but it was so fun the way it was done. I loved the storyline of it all, and the ending was really cool.

The Help (Tate Taylor, 2011; 74% Tomatometer)

A recent movie that I really liked was The Help. I thought The Help was really, really good. And I love all the actors in it, who I thought were just amazing. I love Jessica Chastain, and Viola Davis and, you know, Emma Stone too, 'cause I worked with her. And Octavia Spencer. I thought they were all amazing.

Oh, the Bette Davis one -- What Ever Happened to Baby Jane? I really like... I really love that movie. She's kind of like really crazy and creepy. It's one of the most -- it's not really a horror movie, but it's so eerie and creepy. .

Prancer (John D. Hancock, 1989; 69% Tomatometer)

And then finally I love... [long pause] Can I think about the last one? [Breslin's mother intervenes: "For sentimental reasons the one you always loved was Prancer," she suggests, laughing.] Oh yeah, I loved Prancer. Oh my god. [Laughs] I actually, really--- okay, yeah, I'll put that. So that movie, for sentimental reasons, and just because I still love it. It still has to be watched every Christmas. [Mom laughs in the background. ]

How many times have you seen it?

Oh, probably over a hundred. Especially when I was younger, I watched it like every day.

Do you know I've never seen it?

Oh my gosh, shame on you! Now you must.

Next, Breslin talks about Janie Jones, starting her music career, and her mini-obsession with Little Rock.

Source: http://www.rottentomatoes.com/m/1923835/news/1923835/

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Saturday, October 29, 2011

Williams and Fallon slow jam Wall Street news

By Ree Hines

The ongoing Occupy Wall Street demonstrations are serious business, so ?Late Night? host Jimmy Fallon decided the usual one-liners just wouldn?t do for his Thursday night show.

Instead, Fallon felt the only appropriate way to address it would be to invite Brian Williams to join him, and of course, house band The Roots, for the latest installment of Slow Jam the News.

Now that's smooth news!

Want to see more from Williams? Catch him Monday night at 10 p.m. ET for the debut of his new, presumably slow-jam-free, newsmagazine show, ?Rock Center With Brian Williams.? ?

What did you think of Williams' latest jam? Share your thoughts on our Facebook page.

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Related content:

Source: http://theclicker.today.msnbc.msn.com/_news/2011/10/28/8522789-brian-williams-slow-jams-the-wall-street-news-for-fallon

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Europe looks to China for possible bailout help

BEIJING (AP) ? As Europe's leaders struggle toward a solution to its debt crisis, hopes are growing that cash-rich China will take a major role in a rescue ? expectations that are likely to be dashed.

On Friday, the chief executive of Europe's bailout fund visits Beijing to talk to potential investors. Beijing has expressed sympathy for the 27-nation European Union, its biggest trading partner, but has yet to commit any cash.

Joining in a bailout could help Beijing in its campaign to join the top ranks of governments that manage the global economy ? a leadership role that many around the world have been urging China to take.

So far, Beijing has promised to help only by continuing business as usual, trading with Europe and stockpiling some of China's multibillion-dollar trade surpluses in the safest European government bonds.

"For China, this could be a very big break in its efforts to take the seat at the head of the table in the international monetary hierarchy," said Carl Weinberg of High Frequency Economics in a report.

Still, getting directly involved would put Chinese leaders in a position that is fraught with political risk ? spending public funds to bail out European countries that despite their debt crisis are still far richer than China per person.

Managers of China's sovereign wealth fund, a potential investor, have tried to maintain an image as careful financial guardians after they faced criticism when early investments abroad failed to perform well.

During a visit to Paris this month, the Chinese fund's chairman said Europeans should "respect yourself" and stop "expecting charity from China."

European leaders are looking for investors outside the 17 nations that use the euro common currency, including sovereign wealth funds, for a fund to backstop the main bailout fund, the European Financial Stability Facility.

That is part of a complex plan under development to have the EFSF act as an insurer for bonds issued by weaker governments such as Italy and Spain, making them more attractive to investors.

The head of the EFSF, Klaus Regling, is due to explain the insurance scheme during his visit Friday to Beijing.

On Thursday, French President Nicolas Sarkozy was set to telephone his Chinese counterpart, Hu Jintao.

Even if China contributes, Beijing needs to limit its risk, said Huang Wei, an economist at the Chinese Academy of Social Sciences, a government think tank. She said that could mean the best Europe could hope for is a Chinese purchase of bonds guaranteed by the region's stronger governments.

"I don't think the Chinese government will invest directly in sovereign debt, such as Greek debt, because that's very dangerous," she said.

Still, China's robust economy and $3.2 trillion in foreign reserves have fueled hopes in weaker economies that Beijing might emerge as a last-minute alternative to European aid and austerity measures that have fueled protests.

"You will hear some less-serious people in Ireland or Greece say, We don't need you Europeans with your conditions because the Chinese will bail us out," said Katinka Barysch, an analyst at the Centre for European Reform, a think tank in London.

But the vast scale of Europe's needs ? as much as 1 to 2 trillion euros for the bailout fund ? makes that unrealistic, Barysch said.

"This is just not something the Chinese will give them," she said.

Asked on Thursday whether China would contribute to a bailout fund, foreign ministry spokeswoman Jiang Yu said Beijing welcomed European leaders' agreement to shore up banks and reduce Greece's debts. But she gave no indication whether China would contribute.

"China is ready to work with the international community to promote stability in the international financial market and world economic recovery and growth," Jiang said.

Some Europeans are looking to Chinese companies, still financially strong after the 2008 global crisis battered Western business, as potential buyers of public assets such as power companies that might be sold to raise money.

But Chinese buyers that picked up European companies and other assets earlier at fire-sale prices have run into trouble managing them. They have shifted to pricier but more reliable blue-chip acquisitions such as China National BlueStar Corp.'s purchase this year of Norway's Elkem, a maker of silicon and carbon parts, for a hefty $2 billion.

Chinese help also might carry a political cost, which has sparked unease for some in Europe.

Last month, Wen Jiabao repeated Beijing's longstanding appeal to Europe to grant it market economy status ? a move that would make it harder for European companies to press trade complaints against Chinese rivals ? though he refrained from linking it directly to possible Chinese help in the debt crisis.

The top EU economic official, Olli Rehn, has distanced himself from a proposal floated by Brazil for China and other developing countries to jointly contribute.

"That would however have very far-reaching political consequences," Rehn said in an Oct. 21 interview with Handelsblatt, a German business newspaper.

"It would mean that the Chinese, the Russians and Brazilians would indirectly have a place at the table in the eurozone," Rehn said. "Such a decision would have strategic significance that is not to be underestimated."

___

Associated Press writer Gillian Wong in Beijing and AP Business Writer David McHugh in Frankfurt contributed.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-10-27-AS-China-Europe-Financial-Crisis/id-e297564964b54f6aa8c3f505ad2da502

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Friday, October 28, 2011

Johnny Depp phones it in for meandering "Rum Diary" (Reuters)

LOS ANGELES (TheWrap.com) ? Besides being the familiar appellation for a potent alcoholic liquor, the word "rum" can also mean -- it's a colloquial Briticism -- that something is a little off, a tad peculiar.

Both definitions of the word apply to "The Rum Diary," a meandering comic drama based on an early, semi-autobiographical novel by legendary gonzo journalist and hard drinker Hunter S. Thompson.

Johnny Depp, who produced and stars in the film, was a longtime friend of the Thompson. (The writer committed suicide in 2005 by shooting himself in the head.) Depp previously played Thompson's alter ego, Raoul Duke, in "Fear and Loathing in Las Vegas," a 1998 Terry Gilliam movie based on another of Thompson's books.

This time around, the Thompsonesque character whom Depp plays is called Paul Kemp, a scruffy journalist and boozehound who moves to Puerto Rico in the waning days of the Eisenhower era to take a job as a reporter at a struggling, English-language newspaper in San Juan.

In between turning out fluffy stories ordered up by his toupee-wearing editor (Richard Jenkins) on pale, plump tourists enjoying themselves while holidaying on the island, Paul quaffs copious quantities of rum and befriends a scruffy set of colleagues that includes a photographer (Michael Rispoli) and a drug-addicted former reporter (Giovanni Ribisi).

A plot, such as it is, kicks in when Paul meets a Sanderson, a smooth-talking ex-reporter turned real estate developer who is plotting to build a huge resort on a pristine piece of beachfront land. Will Paul be co-opted by the corrupt Sanderson's sweet talk and money or will he do what's right and expose the developer and his corrupt cronies?

The movie never finds a rhythm, though it does improve once the plot starts to build. Director-screenwriter Bruce Robinson ("Withnail and I") effectively captures the contrasts between the sun-soaked, privileged side and the rum-soaked, seamier side of San Juan life but the movie's major characters remain hazy and mutable.

Depp, while always fun to watch, phoned this one in. He has played this character before -- think of Paul as an updated Captain Jack, minus the dreads -- and relies heavily on a sneer and a quirked eyebrow.

Eckhart is amusing, equal parts suave and sleaze as the developer, while Amber Heard, playing his sex kitten girlfriend, hasn't much of a role other than to look fetching, which she indeed does.

This being a movie based on a Thompson work, there is the requisite hallucinatory sequence involving drug taking. It's actually one of the funnier bits in the movie (Paul thinks a friend's tongue is lengthening astonishingly), going on just long enough to score comically but without stretching on too long.

Hardcore Thompson fans (and Depp fanatics) will want to see "Rum Diary." For anyone else, if the choice is between seeing the movie and lingering for two hours over a tasty rum cocktail with a friend while solving the world's problems (or discussing fashion or sports), consider the latter.

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/nm/20111027/film_nm/us_reviews_film_therumdiary

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Thursday, October 27, 2011

CBS: Andy Rooney hospitalized in serious condition

FILE - In this Aug. 9, 2009 file photo, "60 Minutes" commentator Andy Rooney, center, leaves the Celebration of Life Memorial ceremony for Walter Cronkite at Avery Fisher Hall in New York. CBS says Rooney is in the hospital after developing serious complications following minor surgery last week. (AP Photo/Stephen Chernin, File)

FILE - In this Aug. 9, 2009 file photo, "60 Minutes" commentator Andy Rooney, center, leaves the Celebration of Life Memorial ceremony for Walter Cronkite at Avery Fisher Hall in New York. CBS says Rooney is in the hospital after developing serious complications following minor surgery last week. (AP Photo/Stephen Chernin, File)

NEW YORK (AP) ? Andy Rooney, who delivered his last essay on the CBS TV newsmagazine "60 Minutes" three weeks ago, was in the hospital Tuesday after developing serious complications following surgery.

CBS said the 92-year-old writer's condition was stable and, at the request of his family, offered no other information about his medical problems or where he was hospitalized.

The three-time Emmy-winner was a regular presence on television's most popular newsmagazine. Since 1978, "A Few Minutes with Andy Rooney" wrapped up the Sunday night program, often with a look at the absurdities of life and language.

Rooney could talk about what was in the news or what was in his closet. One of his Emmy Awards was for an essay about whether there was a real Mrs. Smith behind Mrs. Smith's Pies.

On Oct. 2, he delivered his 1,097th and final essay, saying it was a moment he dreaded.

"I wish I could do this forever. I can't, though," he said.

True to his often cantankerous nature, Rooney noted that he hated being recognized on the street. So if you see him in a restaurant, he said as he signed off, "please, just let me eat my dinner."

He's had a long career as a writer, and that's how he saw himself. He worked for the military newspaper Stars and Stripes and wrote four books about World War II. He wrote for entertainment personalities Arthur Godfrey and Garry Moore and had a longtime partnership with newsman Harry Reasoner.

With "60 Minutes" looking for something new at the end of its show, Rooney's first essay appeared on July 2, 1978: a complaint about people who kept track of how many people died in auto accidents over holiday weekends.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2011-10-25-TV-Andy%20Rooney/id-dbfc0099e8ac478caebc1cb636930d66

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How to Read Body Language to Reveal the Underlying Truth in Almost Any Situation [Communication]

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationYou've likely heard that body language accounts for up to 55% of how we communicate, but reading non-verbal cues isn't just about broad strokes. The same gesture can indicate a number of different things depending on context. In this post, we're going to take a look at three common situations in which non-verbal cues are especially important?detecting lies, going on a date, and interviewing for a job?then explain how to interpret body language more accurately so that you can read between the lines when a person's words aren't necessarily conveying the way that they honestly feel.

We lie a lot. When having a conversation with a stranger, chances are we'll lie in the first ten minutes. Sometimes we'll lie more than once in that same period of time. These may not always be big lies, but we still do it. We all willingly partake in deception from time to time because it helps us avoid conflict, but often we're better off knowing the truth. While words can be deceptive, the human body is a terrible liar. This is where reading body language and using your own effectively, can be extremely useful when communicating with others.

First, the basics.

Body Language Basics

When you're reading body language, your primary goal is to determine whether or not a person is comfortable in their current situation. Once you do this, it's a process of using context and other cues?which we'll get into later?to figure out the specifics. There are plenty of ways a person may indicate their comfort level, but here are a few of the most common.

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationPositive body language:

  • Moving or leaning closer to you
  • Relaxed, uncrossed limbs
  • Long periods of eye contact
  • Looking down and away out of shyness
  • Genuine smiles

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationNegative body language:

  • Moving or leaning away from you
  • Crossed arms or legs
  • Looking away to the side
  • Feet pointed away from you, or towards and exit
  • Rubbing/scratching their nose, eyes, or the back of their neck

A single cue can mean a myriad of things. For example, crossed arms falls under the category of negative body language and can suggest that a person is physically cold, closed off, or frustrated. It can even indicate that they've simply had too much to eat. It's necessary to pay attention to multiple behavioral cues as a single one can be misleading. While it will help to indicate comfort level, to really understand why you need to look deeper. This means paying attention to other cues as well as their context. As we get into the specific situations, we'll look at how these cues work together to help uncover the truth in a given moment.

Photo by StockLite (Shutterstock)

Spot a Liar

One of the biggest advantages of learning to read body language well is being able to judge when someone is lying with a fair amount of accuracy. Your intuition is never going to be 100% accurate, but with a little practice you can become more aware of when you're being fed a load of crap. It's very important to recognize what kind of lies you are actually detecting. The techniques we're going to discuss in this section correspond to big lies?the lies people tell when they are uncomfortable or afraid of the truth. These skills will get you almost nowhere in detecting white lies, small lies of omission, and what people do most often: exaggerate. Those types of deception are very hard to detect, and it's important to remember that, regardless of the type of untruth, you'll never know for certain. You can, however, pick up on common cues so you know when to hold a healthy suspicion about what a person is saying.

Pamela Meyer, author of Liespotting, conducted significant research on the ways we lie to figure out the common patterns in our body language. She found that liars often exhibit much of the behavior you'd find in any other uncomfortable person, but with a few very specific additional traits.

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationFake Smiles
People are bad at offering a genuine smile when they're lying. In fact, a genuine smile (often referred to as a Duchenne smile), is often said to be impossible to fake. This is why many of us end up with awkward family photos. We may think we look like we're smiling, but to most anyone it looks like we're faking it. This is because your smile is in your eyes, or, more specifically, the wrinkles around them. You display a few crows feet when you smile genuinely because your smile pushes up your cheeks which bunches up the skin near your eyes. It's fairly hard to fake this. You need to feel some sort of genuine happy emotion at the time to do it, and when you're uncomfortable this is next to impossible. This is why a non-genuine smile can be a helpful indicator of a lie in progress.

Photo by KQED

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationStiff Upper Body and Too Much Eye Contact
Liars like to overcompensate when they're lying, and so they'll often try to remain still and offer eye contact. This will often result in so much eye contact it's often a little unsettling, and their body will become stiff because they're attempting not to fidget. Normally, people move and do not hold eye contact for extended periods of time. When uncomfortable, however, people will often rub their neck or eyes and look away to the side. Rather than exhibit the positive body language that would imply comfort, liars tend to opt for doing very little. This, in and of itself, is an indicator. Look for tense shoulders and an unusually high amount of eye contact and you'll be more likely to spot a liar.

Photo by Lindsay Phillips

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationContext and Paired Behaviors
In addition to all these non-verbal cues, you'll need to pay attention to the context. Liars will often offer more details in their stories, suggest punishments for the "real culprit" if they're being accused of something, and answer you questions with a question to give them time to fabricate an answer rather than provide you with the truth. These behaviors, when paired with standard negative body language and the previously mentioned cues that liars exhibit, give you the right mix of untrustworthy behavior. Separately they may not mean much, but together they point to dishonesty.

It's important to remember, however, that some people are just awkward and exhibit this kind of behavior with regularity. You should take the way a person normally acts into consideration as well. Watch their mannerisms and eye movements when you know they're telling the truth and compare that to the times when you think they're lying. When you see consistent change when certain statements are made, you'll know how this specific person acts when they're thinking of what to say rather than recalling information. Again, this or anything else previously mentioned isn't sufficient in detecting lies. You have to look for multiple cues or what you'll just discover that you're fooling yourself into believing you know the difference between fact and fiction.

Photo by Bifaloo

For more on lie detection, watch Pamela Meyer's TED talk and check out her book Liespotting.

How to Read Body Language to Reveal the Underlying Truth in Almost Any Situation

Read People on a Date

When you're out on a first date, body language can be an incredibly helpful tool. If you're not paying attention to the non-verbal cues your date is exhibiting, you can often go on talking about something that makes them uncomfortable or they find unpleasant. While you don't want to go into a date hiding who you are, you do want to put your best foot forward so, in the event you are a decent match, you can bring up the riskier topics a bit later once your date already likes you. This, of course, means paying close attention to your date's behavior which can be difficult when you're supposed to be speaking charismatically and listening to what they're saying. With a little practice, however, you'll get the hang of watching for the right signals and won't have to spend much time thinking about them.

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationYou're not looking for anything complicated on a date?just the general indications of comfort and discomfort we outlined earlier. This means you're simply paying attention to how guarded your date is with their body. Initially, most people will be fairly guarded. They'll cross their arms, keep a reasonable amount of distance, and keep their palms facing themselves. This is okay and fairly common on a first date, and your goal is to change that body language into something more open and welcoming. You'll do this naturally when you connect with them, but you can encourage open body language by providing it yourself. We tend to mimic the behavior of others to some extent, so if you're warm and comfortable it will help your date change his or her behavior to match. This means keeping your arms uncrossed and open, offering a genuine smile whenever feasible and appropriate, avoiding distance from your date, and even showing your palms. All of these things imply that you're comfortable and will help make your date more comfortable as well.

You also want to be careful not to psych yourself out just because you picked up on some negative body language. Levels of comfort fluctuate frequently on dates because it's often a little nerve-wracking for most people in the first place. Don't worry about making a few mistakes. As a piano instructor would tell you for a recital, if you play a wrong note you should just keep going. Watch the non-verbal cues to see how you're doing and focus on anything that provides positive body language. If you receive extended moments of negative body language, move on to another topic. Of course, sometimes you're just not going to click and the date is going to be an awkward evening full of negative non-verbal cues. If this happens, the same piano-playing principal applies: don't get hung up on a problem?just move on.

Photo by Felix Mizioznikov (Shutterstock)

How to Read Body Language to Reveal the Underlying Truth in Almost Any Situation

Communicate Effectively in a Job Interview

Job interviews are a lot like first dates in the sense that you're trying to convince another person, whom you don't know, to like you. The key difference is that on a date you're both meeting on equal ground. When you go into a job interview, however, the interviewer has most of the power and you have, essentially, none at all. This creates an environment where you're going to likely be considerably more uncomfortable than the interviewer. You'll display negative body language as a result, and that's not good. When interviewing for a job, you want to override any non-verbal communication that makes you seem closed off.

A charismatic beginning can make all the difference, as first impressions are hugely important in hiring decisions. A smile, pleasant handshake, warm greeting, and the previously mentioned positive body language will set the stage for a comfortable interview. You don't know what sort of (potentially negative) expectations your interviewer is bringing to the table, so it's never a bad thing to override them by demonstrating you're a pleasant and charismatic individual.

Offering up the previously discussed positive body language is easier said than done when you're uncomfortable, so the best thing you can do to override that discomfort is to feel prepared. (A lack of preparation is the main reason you suck in an interview, after all.) Even if you begin to feel unprepared later on, walking into the room with confidence will at least help you make that important first impression. To prepare, research the company. Remember a few useful "sound bites" to use and fall back on if you're struggling. Know what differentiates you and makes you special and remind yourself right before you walk into the room. Preparation breeds confidence, and it'll be easier to display positive body language when you're feeling good about yourself.

How to Read Body Language to Reveal the Underlying Truth in Almost Any SituationWhile natural comfort is going to be your most valuable tool, there are a few tricks that can help you out. Assuming American cultural standards, eye contact is more important in a job interview than most other situations. If you have trouble meeting someone's eyes, just look at their mouth. You'll also want to avoid blocking your own eyes in any way, as doing so can convey discomfort (among other negative feelings). Just like on a date, leaning slightly forward is a positive cue for your interviewer. It also helps to appear to be a good listener, as you'll be talking most of the time. When you ask your own questions, or your interviewer has something to tell you, eye contact is especially important. You can also convey that you're in a "listening mode" by occasionally placing part of your hand over your mouth. This helps indicate to others that you're not going to talk and therefore paying attention.

All of this said, every interviewer is going to understand that you'll be a little nervous. It's natural and no reasonable person should or would expect anybody to walk in with no tension whatsoever. If you're a little bit tense, don't worry about it. That much is expected. In fact, too much comfort might convey to some that you're overconfident and not taking the interview seriously. In the end, your fate rests in the hands of another human being so there's only so much you can do. They may not like your shoes or prefer to hire someone younger or older. You never know what you're going to run into, but you can at least try to tip the scales in your favor with the help of some positive body language.

Photo by Tom Wangand Gelpi (Shutterstock)

Remember: Body Language Is Only Part of the Picture

A better understanding of human body language can be useful in your own communication and in understanding others. It can also be a lot of fun to feel like you know what other people are thinking, when they're lying to you, and how comfortable they are in a given situation. That said, you're not a psychic. You can't read minds and the non-verbal cues you interpret are never going to tell you exactly what someone is feeling or thinking with spot-on accuracy. These techniques will help you find clues that can help you understand other people. Use them to communicate better and gain a better awareness of those around you. Don't pretend they're magic. All you're doing is paying closer attention to your natural, human intution.


Special thanks to Samantha McCullough, William J. Tebbenhoff II, and Tyrone Mann
for their contributions. This article also references information from the work of Pamela Meyer and Joe Navarro. To learn more about body language and other non-verbal communication, check out their books and articles. Title image remixed from photos by Yuri Arcurs [1 / 2] (Shutterstock) and Guiseppe_R (Shutterstock)

You can follow Adam Dachis, the author of this post, on Twitter, Google+, and Facebook. Twitter's the best way to contact him, too.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/oG9dFz-PQOA/how-to-read-and-utilize-body-language-to-reveal-the-truth-in-almost-any-situation

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Wednesday, October 26, 2011

Climate change: What we do ? and don't ? know

(Image: Maria Stenzel)

There is much we do not understand about Earth's climate. That is hardly surprising, given the complex interplay of physical, chemical and biological processes that determines what happens on our planet?s surface and in its atmosphere.

Despite this, we can be certain about some things. For a start, the planet is warming, and human activity is largely responsible. But how much is Earth on course to warm by? What will the global and local effects be? How will it affect our lives?

In these articles, Michael Le Page sifts through the evidence to provide a brief guide to what we currently do ? and don't ? know about the planet's most burning issue.

Source: http://feeds.newscientist.com/c/749/f/10897/s/19868848/l/0L0Snewscientist0N0Cspecial0Cclimate0Eknowns0Eunknowns0DDCMP0FOTC0Erss0Gnsref0Fonline0Enews/story01.htm

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Tuesday, October 25, 2011

Drake 'Fought' For Intimate Campus Dates Over Stadium Tour

'I want to make sure I go see these people that supported me from day one,' Drizzy tells MTV News of upcoming Club Paradise Tour.
By Rob Markman


Drake
Photo: MTV News

He may rap that all he cares about is money and the city that he's from, but Drake's fans also hold a special place in his heart. So rather than hit the stadium circuit for his upcoming Club Paradise Tour, Drizzy plans to keep it intimate with his base — overriding pushback from his handlers.

"I fought for this tour, I fought really hard for this tour because, of course, they want me to go get the big bucks, go into the stadiums and cash out," Drake revealed to MTV News. "But I was just like, 'I really made this album for the same people that supported me since day one.'

The tour — which borrows its name from the "Club Paradise" track that Drake dropped last month — will feature Kendrick Lamar and A$AP Rocky as opening acts. Unfortunately, the run has been pushed back partly because of the Toronto MC's delayed album (November 15) release, but also to optimize the number of schools that he'll be able to hit. "I'm moving it to January when everybody's back in school and so I can hit more places," he told us.

One school in particular that the Young Money star is looking forward to hitting is Southern Illinois University in Carbondale, Illinois, where he performed solo for the first time in the U.S. in 2009. "Things like that, I made sure I put on the schedule. I want to make sure I go see these people that supported me from day one," Drake said.

Drizzy conceivably could take just about any newcomer on tour with him, so the fact that he's riding with rap rookie A$AP Rocky speaks volumes. "He's in a position to where if he co-signs somebody, it's valid, and he's a real lyricist, and he's got good taste. I mean, look at his music," A$AP told Mixtape Daily. "Therefore, when he comes to listen to people like me and he gets inspired and then wants to take us out on tour, it just shows you he's a real dude."

But some took the co-sign as a slight to Drake's Young Money labelmates, spawning rumors that the So Far Gone MC was unhappy with his label.

"I spent a lot of time out there [in Toronto]; that's what this album is about," Drake explained. "That's what I'm gonna showcase. It's the same thing with the tour: I wanna bring Kendrick, I wanna bring A$AP, those are guys that I love. It has nothing to do with people on my label," he added. "Tyga's out, Nicki's working on an album and everybody else is doing their thing on the road with Wayne or with Wayne in the studio, so I just sort of showcased the music that I happen to love right now, and those are the two guys that I'm bringing out."

As far as what fans can expect from his Club Paradise Tour (the reconfigured dates have yet to be announced), the OVO general didn't reveal much but promised to do it big. "I don't want to disclose too much but I know what people usually bring to colleges and I know that they usually try and scale it down when they go into college venues," he said. "I will probably do the opposite."

What do you think of Drake's opening acts? Tell us in the comments!

>

Related Artists

Source: http://www.mtv.com/news/articles/1673059/drake-club-paradise-tour-asap-rocky-kendrick-lamar.jhtml

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Monday, October 24, 2011

Children Utilize Gaming Platform To Tackle Humanitarian ...

The PSFK consulting team has noticed that communities are being challenged to solve puzzles and issues through game play. Games are being used to help astronomers search the skies, scientists solve medical problems, and neighbors to help each other.

One company operating in this space is KooDooZ ? a social network that empowers children to tackle humanitarian challenges, gain service credit and earn both rewards and recognition for their efforts. Users select from a list of social challenges and identify actionable steps they can take to affect change in a given time frame. The platform tracks evidence that the task is complete by requiring participants to upload videos, podcasts, images or documents detailing their challenge results. Each challenge is associated with a badge, allowing users to generate public profile pages which are visible to friends & family and can be used to invest in the social entrepreneur. As children utilize the platform to raise money and build awareness around their cause, they may additionally receive gift certificates to iTunes and Amazon and earn credit towards the President?s Volunteer Service Award. KooDooZ?s stated mission is to empower kids at an early age with strategies for creating change, helping turn everyday challenges into lifelong, recognizable achievements. PSFK spoke with founder Lee Fox about her work.

Please provide a brief introduction about yourself and your company?

My name is Lee Fox and I am the founder of KooDooZ, a youth media company that provides cause and social marketing consultancy to non-profit and profit-for-purpose organizations. ?We also soft-launched a COPPA-compliant ?virtual meets virtuous? world that (em)powers the philanthropic mash-ups of (Generation Z) today?s youth.

Please tell us about KooDooZ. What is the idea and goal behind the platform?

KooDooZ.com was built to help kids identify tangible and actionable steps they can take to affect change in the world. ?Here in America, 71% of tweens and teens support charitable causes, but instead of leveraging these kids as activists, most adults bombard them with opportunities for?slactivism? ? and that won?t fly with Generation Z (and it didn?t for the Millennials either). ?The big idea behind KooDooZ has always been to provide kids with a ?virtual meets virtuous? world where they can tackle humanitarian challenges, raise money and awareness for their causes and earn credit towards the President?s Volunteer Service Award.

What has been the audience reaction? Can you share any stats around user engagement?

The journey from prototype to alpha, and beta to soft launch, has been extraordinarily exciting and very humbling. ?Though there?s no lack of love for what we?re doing, our initial system design wasn?t flexible enough. ?The number one thing this generation demands of their online worlds, is to have the freedom to control the environment. ?KooDooZ was initially structured for brands and non-profits to integrate their cause-marketing initiatives as challenges for kids to do good. ?Though our partners were pleased because they had immediate visibility to youth impact both online and in specific geographic markets where we hosted complimentary real-world events, the kids wanted equal opportunity for peer-to-peer exchange and collaboration. ?Luckily, we caught our mistake early and have since been integrating social technologies into our platform, as well as giving youth the ability to author their own system challenges.

In our site redesign we spark a conversation with our community simply by asking, ?how do YOU tackle the challenge of?? with a drop-down of 9 main cause categories (then further sub-divided to embrace 81 humanitarian issues). ?Each challenge is associated with a badge and given a time-frame in which to achieve. ?KooDooZ also tracks the ?evidence? of youth impact by requiring participants to upload videos, podcasts, images and documents detailing their challenge results. ?The impact of each user can be shared via a public profile page that friends & family can use to invest in the young social entrepreneur. ?With youth unemployment at an all time high, users really like feature of being able to crowd-source funds.

We have been noticing that collaborative, online platforms aimed at solving problems are incorporating gaming mechanics and challenges as a way to encourage people to participate and continue contributing over time, what are your thoughts on this? Do you see this trend manifesting on a larger scale? If so, then how??

Using online and multi-user games to encourage people to solve problems is just a digital-age take on the old ?learning-by-doing? approach to cultivating stakeholders. In fact, right from the infancy of the social web ? say at the turn of the century when half of all U.S. households had internet access ? there were social games bundled with civic challenges.

At first I think the public appetite for gaming was finicky. ?Adults (especially Boomers and Gen Xers) didn?t value the digital ?time-sucking? gaming. ?Then in 2008, a PEW study shattered stereotypes about teens and gaming. ?By that year, 97% of American teens (ages 12-17) were playing some kind of video games, and more than half these gamers (52%) reported playing games where they think about moral and ethical issues. ?Further, the percentage of teens with frequent civic gaming experiences were more likely to be interested in politics and current events and would go to the effort to raise money for charity.

Being digital natives, Millennials and Generation Z have completely integrated online and mobile gaming into their worlds, and all but expect this kind of interaction with their brand experiences (?there?s an app for that!?). ?Additionally, as consumers we know both these generations also expect corporations to act responsibly. ?Unlike the generations before them, these younger minds like (i) mashing-up each other?s ideas; (ii) are comfortable collaborating with people they don?t know or have never met; (iii) are not geographically restricted because they also see themselves as global citizens. ?So to answer your question as to whether I believe this trend will manifest on a larger scale ? my answer is unequivocally, yes!

I am excited by Mozilla?s Open Badges infrastructure (http://openbadges.org/) as it has the potential to reinvent 21st century learning. ?I also like (past & present):

http://www.nuvana.org/
http://koios.org/ (in alpha)
http://elineventures.com/
http://www.gamesforchange.org/
http://www.ideaconnection.com/
www.refresheverything.com/
www.facebook.com/ChaseCommunityGiving
http://www.takepart.com/membersproject
http://opensourceforamerica.org/category/crowdsourcing/
http://p2pfoundation.net/ThinkCycle

What other trends within or around gaming have you noticed?

I find it particularly relevant that ?gamification? examples exist both in our online as well as real worlds. ?As Seth Priebatsch (founder of http://www.scvngr.com/) points out our society has built-in game-like experiences which includes:

  • Free lunch
  • Communal Game Play
  • The Countdown
  • Loyalty
  • Level-Up
  • Inclusive Ownership
  • Reward Schedules
  • Communal Discovery

Thanks Lee!

KooDooZ

Source: http://www.psfk.com/2011/10/children-utilize-gaming-platform-to-tackle-humanitarian-challenges.html

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Saudi Crown Prince Sultan dies, focus on Prince Nayef (Reuters)

DUBAI (Reuters) ? Saudi Arabia's Crown Prince Sultan has died, the royal court said on Saturday, and Interior Minister and reputed conservative Prince Nayef was expected to become the new heir to the throne in the world's biggest oil exporter.

Sultan, whose age was officially given as 80 and who died in New York of colon cancer early on Saturday Saudi time, had been a central figure in Saudi decision-making since becoming defense minister in 1962 and was made crown prince in 2005.

Saudi analysts predicted an orderly transition at a time when much of the Middle East is in turmoil after mass uprisings against autocratic leaders by citizens demanding democracy.

Saudi King Abdullah reacted to the "Arab Spring" by ordering spending of $130 billion on social benefits, housing and jobs, but he and his new crown prince face challenges from al Qaeda militants, a restless Shi'ite minority and civil conflict in neighboring Yemen.

Saudi Arabia is also locked in a confrontation with Shi'ite Muslim power Iran, accused by the United States of plotting to kill the kingdom's ambassador to Washington.

Earlier this month, the Saudi Interior Ministry accused an unnamed foreign power, widely assumed to mean Iran, of instigating protests by the Saudi Shi'ite minority in which 14 people, including 11 security officers, were injured.

Sultan's health had declined in recent years and he spent long periods outside the kingdom for medical treatment. A 2009 U.S. diplomatic cable released by WikiLeaks described him as "for all intents and purposes incapacitated."

King Abdullah is now likely to summon the untested Allegiance Council of the ruling al-Saud family, set up in 2006 to make the succession process more transparent, to approve his preferred heir. In the past, the succession was decided in secret by the king and a coterie of powerful princes.

Most analysts believe the new crown prince will be Nayef, who was appointed second deputy prime minister in 2009, a position usually given to the man who is third-in-line to rule.

"The problem is (the Allegiance Council) is a secret organization that consists of members of the royal family and Saudi society has no say," said Madawi al-Rashid, author of A History of Saudi Arabia and critic of the ruling family. "Some sections of Saudi Arabia are worried. Nayef is known for security solutions. His rhetoric always invokes the sword."

Nayef has been interior minister since 1975 and has managed the kingdom's day-to-day affairs during the absences of both the king and crown prince.

He has gained a reputation as being more conservative than either King Abdullah or Sultan, with close ties to the country's powerful Wahhabi clergy. But as king he might follow a more moderate line in keeping with the al-Saud tradition of governing by consensus, analysts say.

"The succession will be orderly," said Asaad al-Shamlan, a political science professor in Riyadh. "The point of reference will be the ruling of the Allegiance Council. It seems to me most likely Nayef will be chosen. If he becomes crown prince, I don't expect much immediate change."

"Things are in order, thanks to the wise leadership represented in King Abdullah bin Abdulaziz," Prince Talal bin Abdulaziz, a brother of both Abdullah and Sultan and member of the Allegiance Council, told reporters.

ALLEGIANCE COUNCIL

When the Allegiance Council convenes, the 34 branches of the ruling family born to the kingdom's founder King Abdulaziz Ibn Saud will each have a vote to confirm the king's nominee for crown prince or appoint their own candidate.

Saudi television broke its normal schedule early on Saturday to broadcast Koranic verses and footage of pilgrims circling the Kaaba in Mecca, Islam's holiest site, before announcing the crown prince's death.

"With deep sorrow and sadness the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz mourns the death of his brother and his Crown Prince Sultan... who died at dawn this morning Saturday outside the kingdom following an illness," said a Saudi royal court statement carried on official media.

The Saudi stock market was unaffected by the news, and the TASI all-share index closed nearly half a percent up. Shops, schools and universities were open as normal in Riyadh.

Funeral services for Sultan, who died on Friday New York time, will be held on Tuesday in Riyadh. An official at the Saudi embassy in Washington confirmed that Prince Sultan had died in New York but declined to give further details.

U.S. Secretary of State Hillary Clinton expressed her condolences over the death, saying U.S.-Saudi ties are strong.

"The Crown Prince was a strong leader and a good friend to the United States over many years, as well as a tireless champion for his country," Clinton said during a visit to Tajikistan, in the first official U.S. comment on his death.

"Our relationship with Saudi Arabia is strong and enduring and we will look forward to working with the (Saudi) leadership for many years to come," she told a news conference.

Kuwait, Jordan, Morocco, Qatar, Turkey and Oman sent messages of condolence.

King Abdullah, who is in his late 80s, underwent back surgery earlier this month but has been pictured since then in apparently good health.

"The stability of Saudi Arabia is more important than ever," said Turad al-Amri, a political analyst in Saudi Arabia. "All the countries around it are crumbling. The balance of power is changing in the Middle East."

Abdullah has gained a reputation as a cautious reformer since becoming de facto regent of the conservative Islamic country in 1995 and as king since 2005.

He was absent for three months in late 2010 and early 2011 following treatment for a herniated disc that caused blood to accumulate around his spine.

Unlike European monarchies, the line of succession does not move from father to eldest son, but down a line of brothers born to the kingdom's founder Ibn Saud, who died in 1953.

Sultan's death also means King Abdullah will have to select new defense and aviation ministers, key posts in a country that spends billions of dollars on weapons procurement.

Prince Khaled bin Sultan, the son of the late crown prince, has been deputy defense minister since 2001 and is one candidate to replace his father as minister.

"There traditionally has been a way of balancing the power relationships within the family that are important," said Robert Jordan, U.S. ambassador to Riyadh from 2001-03. "So I don't think we should automatically assume that Khaled bin Sultan will become the defense minister, although he has much experience and his father was in place for many years."

(Additional reporting Sami Aboudi in Dubia, Asma Alsharif in Abu Dhabi, Tom Pfeiffer in Amman and Andrew Quinn in Dushanbe; Editing by Sami Aboudi and David Stamp)

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/nm/20111022/wl_nm/us_saudi_arabia_sultan

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Sunday, October 23, 2011

AP sources: Bachmann staff in New Hampshire quits

Republican presidential candidate, Rep. Michele Bachmann, R-Minn., speaks at the Commonwealth Club in San Francisco, Thursday, Oct. 20, 2011. (AP Photo/Jeff Chiu)

Republican presidential candidate, Rep. Michele Bachmann, R-Minn., speaks at the Commonwealth Club in San Francisco, Thursday, Oct. 20, 2011. (AP Photo/Jeff Chiu)

Republican presidential candidate, Rep. Michele Bachmann, R-Minn., smiles after speaking at the Commonwealth Club in San Francisco, Thursday, Oct. 20, 2011. (AP Photo/Jeff Chiu)

(AP) ? Republican presidential candidate Michele Bachmann is losing her New Hampshire staff.

As many as five staffers formally left Bachmann's campaign this week, two people with direct knowledge of the situation said Friday. They requested anonymity because they were not authorized to disclose internal workings of the campaign.

Bachmann spokeswoman Alice Stewart disputed reports of a staff shakeup, saying: "We have a great team in New Hampshire. We haven't been notified that anyone's left the campaign."

Still, Stewart said that she hadn't been able to reach the top New Hampshire staff to confirm they were still on board. She said she had reached some junior staffers who didn't say they were leaving.

Campaign finance reports show that Bachmann, who has fallen in polls and struggled to raise money, had five paid staff in New Hampshire as recently as late September.

The Republican presidential contender has largely ignored the first-in-the-nation primary state in recent months. She has been focused on Iowa and South Carolina, where her social conservative message has more appeal.

Bachmann has visited New Hampshire twice since launching her presidential campaign in June, and Stewart acknowledged a greater focus on Iowa, where Bachmann was born and where she won the GOP's presidential straw poll in August.

Her Iowa staff is small. The paid Iowa team consists of her caucus campaign director, state Sen. Kent Sorenson, as well as two staff and a communication director who had been an Iowa aide to former Minnesota Gov. Tim Pawlenty until he left the race two months ago.

___

Associated Press writer Thomas Beaumont in Des Moines, Iowa, contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2011-10-21-Bachmann-New%20Hampshire/id-86eb5cbfff13406c8b142958253ea402

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Friday, October 21, 2011

Health groups issue proposed cervical cancer screening guidelines

ScienceDaily (Oct. 20, 2011) ? The American Cancer Society (ACS), the American Society for Colposcopy and Cervical Pathology (ASCCP), and the American Society for Clinical Pathology (ASCP) have proposed new guidelines for the prevention and early detection of cervical cancer. The proposed guidelines, which are now posted for public comment, generally advise that women reduce the number of tests they get over their lifetime to better ensure that they receive the benefits of testing while minimizing the risks.

The proposed guidelines also include a preference for co-testing using the Pap test and HPV test for women age 30 and over.

After a public comment period that begins immediately and a multi-stakeholder symposium in November to discuss the proposed recommendations among a broad group of experts, the recommendations will be revised and incorporated into a final guideline from the American Cancer Society, anticipated in mid-2012.

The proposed guidelines were released on the same day that the U.S. Preventive Services Task Force (USPSTF) formally released its proposed guidelines update for cervical cancer screening. ACS, ASCCP and ASCP worked independently of the USPSTF to review existing evidence and develop these draft recommendations.

  • The ACS-ASCCP-ASCP proposed guidelines would include some changes from the current ACS guidelines.
  • They would recommend that all women start screening at age 21, and drop the recommendation that women under 21 begin screening three years after starting vaginal intercourse.
  • They propose that for women 21 to 29, Pap tests (conventional or liquid-based) be done every three years, and recommends against annual Pap testing. Current guidelines call for a conventional Pap test every year, or a liquid-based Pap test every two years for this age group.
  • For women 30 and over, the guidelines propose that Pap tests be done every three years, recommending against annual or more frequent Pap testing. Current guidelines say women 30 and over who have had three normal Pap tests in a row may be tested less often, every two to three years.
  • The guidelines propose that Pap test plus HPV testing every 3-5 years be the preferred strategy for women aged 30 and older, and recommend against screening with any test or combination of tests more often than every three years. Current ACS guidelines call for testing no more frequently than every three years with a Pap test plus the HPV DNA test 'an option' for women over 30 who have normal immune systems and no abnormal Pap results.
  • The proposed recommendations also say screening is not recommended for women 65 or older who have had three or more normal Pap tests in a row and no abnormal Pap test results in the last 10 years, or who had two or more negative HPV tests in the last 10 years. Current guidelines say women may choose to stop being tested at age 70 when they've had three or more normal Pap tests in a row and no abnormal Pap test results in the last 10 years.

"These draft recommendations are being presented for review by interested individuals and stakeholders, primarily clinicians and researchers, who are invited to provide feedback through a web-based open comment period," said Debbie Saslow, PhD, director of breast and gynecologic cancer for the American Cancer Society."The six working groups that developed these recommendations will then consider the submitted comments, and make revisions to these proposed recommendations based on that input and available evidence."

Other new recommendations included in the proposed guideline:

  • Women who have a normal Pap result and a positive HPV test result should receive genotyping for HPV 16 and 18 or repeat both the Pap and HPV tests in one year.The proposed guideline recommends against immediate colposcopy.
  • Women having a mildly abnormal Pap result (called ASC-US) and a negative HPV test result should be followed by either HPV testing plus Pap or HPV testing alone at intervals of three years or longer.
  • At this time there is insufficient evidence to recommend for or against a comprehensive program for primary screening with HPV testing alone (with defined follow-up testing) in the US.
  • Women who have been vaccinated against HPV should begin cervical cancer screening at the same age as unvaccinated women, i.e. at age 21.

The proposed recommendations can be reviewed at: www.asccp.org/practice-management/molecular-screening-symposium

The proposed recommendations from the USPSTF can be viewed at: http://www.uspreventiveservicestaskforce.org/tfcomment.htm

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Source: http://www.sciencedaily.com/releases/2011/10/111020025027.htm

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Novell vs. Microsoft in Utah trial over Windows 95

(AP) ? A legal blame game between high-tech industry giants Novell Inc. and Microsoft Corp. is under way in a Salt Lake City courtroom as the companies squabble over fair business practices.

Novell sued Microsoft in 2004, claiming the Redmond, Wash., company violated U.S. antitrust laws through its arrangements with other computer makers when it launched Windows 95.

A jury heard opening statements Tuesday in U.S. District Court in a trial predicted to last eight weeks, the Deseret News reported (http://bit.ly/n2he2f ).

Microsoft founder Bill Gates is expected to testify.

"This is a case about fair play," said Jeff Johnson, attorney for The Provo, Utah-based Novell.

Johnson told jurors Microsoft used "deception" and the "classic bait and switch" when it led Novell to believe it was developing an operating system suited to WordPerfect. He contends Gates removed a key component from and delayed the release of Windows 95 to keep Novell from gaining a foothold in the emerging home computer software market.

"Microsoft severely crippled Novell's ability to produce a competitive product in a timely fashion," Johnson said.

Novell did not release its PerfectOffice suite until May 1996, too late to jump on the Windows 95 juggernaut. Meanwhile, Microsoft Office, which contained Word and Excell, took off.

"Microsoft developed in a way that was best for Microsoft. That's what it's supposed to do," the company's attorney David Tulchin said. "That's what we call competition in our country."

Microsoft had nothing to do with Novell's failure to launch, Tulchin argued.

"The blame really lies at the feet of Novell and the feet of WordPerfect Corporation," he said.

Both companies trace their roots to Utah County, Novell in Provo and WordPerfect in Orem. Novell bought WordPerfect in 1994 for $1.5 billion.

Novell is seeking $500 million to $1.2 billion in compensation.

Before now, the lawsuit has been argued in Maryland, where the federal court consolidated several other antitrust cases involving Microsoft. U.S. District Judge J. Frederick Motz of Baltimore will preside over the trial in Utah.

Novell, which sold WordPerfect and Quattro Pro to Corel in 1996, previously reached a $536 million settlement with Microsoft on other antitrust claims involving its NetWare operating system.

___

Information from: Deseret News, http://www.deseretnews.com

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2011-10-19-Antitrust%20Lawsuit-Microsoft/id-e5094ea80c514193a1669de2add7c875

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Thursday, October 20, 2011

Value Investing Congress: Bill Ackman's Presentation on Fortune ...

Bill Ackman photoNote to readers:?I am writing all these posts very informally. I have found that readers like this the best, and it enables me to take the most notes possible and get them up in real time. I will be updating the presentations in real time, and tweeting, so make sure to check back frequently or?on?Twitter,?Facebook?or?Feedburner. Also you can check out this website announcement?Value Investing Congress Website Announcement.

All notes are the speakers, except words in the brackets which are mine.

Bill Ackman is the Managing Member and Portfolio Manager of Pershing Square Capital Management, L.P., a concentrated research-intensive fundamental value oriented long short hedge fund. Pershing Square has ~$14billion under management and has produced , Bill Ackman?s short of MBIA is the topic of?Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street?s Bluff,?by Christine Richard. I am currently reading the book and highly recommend it to investors of all levels.

Pershing Square has played an active role in creating value at companies including McDonald?s, Ceridian Corporation, Longs Drugs, Wendy?s International, and General Growth Properties.

Prior to forming Pershing Square, Bill Ackman co-founded Gotham Partners, L.P., a public and private equity investment partnership. Prior to Gotham Partners, Mr. Ackman began his career in real estate investment banking at Ackman Brothers & Singer, Inc. Mr. Ackman received an MBA from the Harvard Business School and a Bachelor of Arts magna cum laude from Harvard College.

Mr. Ackman?s board memberships include the Board of Dean?s Advisors of the Harvard Business School and a number of not-for-profit boards including the Pershing Square Foundation, a charitable foundation that he founded in 2007.

Bill Ackman introduced his analyst to present Fortune Branks FBHS. It makes faucets, home security like masterlock and other brands.

It is a secular winner, industry leader with significant sale and market share.

Also position for cyclical winner, when housing market normalizes. The business is operating at 60% capacity so it doesnt need much capex.

We think it is worth $22, about 70% above current market price.

This is a classic spin-off (just spun off 14 years ago) so market is not interested. Balance sheet is strong and limits downside risk.

Plumbing contributes 55% of EBIT, it is a very low cost item to improve look of sink.

Cabinets is barely profitable, it has excess capacity. When housing returns it should explode in profitability. FHBS is taking share from competitors.

Security-masterlocks great business, strong market place, stable cash flows. The demand is very stable and there is a chance to grow this under new management.

The windows/doors will improve when housing market improves.

?

From 2006-2009, company took out large amount of capacity. Company can go from 3.3billion of rev to $5billion with no capex.

1.8x Debt/EBITDA versus 4X for peers. There are no?liquidity?concerns.

We are not macro, but you need to look at housing market:

Housing stats have tanked to record low levels today. Currently we are at year 4 of the housing peak. We think supply is slowly being soaked up. In 2.5 years we should be reaching equilibrium in housing markets.

Big ticket items not doing well but small ticket items like paint and faucets are doing well.

We think housing is starting to recover. We think housing will be smaller and cheaper. This benefits fortune brands which focuses on needed small items.

EBITDA is $265m currently. If housing starts stay the same they should have a EBIT margin of 10% and EBIT of $330m. This doe not seem too expensive or too cheap, but if there is normalized housing market it is trading at 4x normalized cash flow.

Hard to give an exact?valuation?but based on varying scenarios of when housing recovers IRR will be?attractive.

If housing recovers by 2015, FHBS is worth $27 a share. We think we will get somewhere between moderate and strong recovery. Per share value would be $22.

Conclusion:

Upside potential is phenomenal

No liquidity concerns, FCF yields of 6x.

Q&A:

Why this to play housing market? This is very low risk way to play potential housing recovery. I like the safety risk. The housing market will recover within the next five years. In Houston housing levels are booming. Las Vegas is not growing. So it depends where. What is missing is consumer confidence, demonstrated by demonstrations.

Stock market rising, election, Europe stabilizing; could all be catalysts. Some people are renting now just out of fear, but when confidence comes back housing will come back.

Bill Ackman jokes ? I would have been a lot more bullish if I gave the presentation:.

Why spin-off? The company had completely unrelated business with absolutely no synergies. The company owned a golf course.

Bank of America, why you dont like it? Fortune Brands is an easy business to understand, the most complicated thing is predicting when housing will recover. Banks have $2 trillion in assets, they dont even disclose all of them. But at a price I will buy them. We have owned Citi for over a year and it is down 40% since then. I think the mistake was not using a higher discount rate.

We have call options on Hong Kong Dollar, and has a 70-80x possible return but its only a tiny part of our portfolio.

What do you think about JCP? Retail is not the greatest business, but it can be. The Waltons are worth billions of dollar. Ortega, Zara, Don Chang, etc.; in every country big retailers are among the richest people. Ron is one of the best CEOs I ever met. He has the perfect training for the job.

JCP is basically a start up, which is already an established business. Ron gave up economic value to take the job. He has no liquidity for 5 years. Most CEOs have options granted every year, it is in their best interested to see the stock go down. This is very unusual for a CEO. Steve Jobs tried to convince Ron to stay at Apple. I had to negotiate to get as much equity as possibly in JCP.

Lots of retailers have lots of RE? Retailers with undervalued RE, most fail because they rent all their RE.?McDonalds was successful because they owned their RE. You want set good RE spots. We told Target keep the buildings and lease the land. You can lease for 75 years on favorable tax basis.

We never invested in any of the SPACs; we have no overhang. We get a 6% equity interest in business.

We are looking for deals, so please call us if you are looking to sell we are looking for $6-$10b EV.

HHC is down a lot now what do you think? The RE is worth a lot. The board is fantastic so is the management team. For each asset a sub-committee approves of transactions.

You seem to be more of an activist investor lately? Our business model is to buy a large minority stake. We buy when company is cheap and work with the company to make it more valuable. JCP let me join the board, which I considered to be a very valuable asset. If you think about pe as a strategy, they would have to pay a high price and raise a lot of money; they have to pay a very high price for control. But then they are in a highly illiquid, expensive position. We have cheap position, which is slightly illiquid. In our hands this stake is worth a lot more.

Whitney Tilson: Bill Ackman made the most money in the shortest amount of time in history. He has?combined?the best two businesses in the world, hedge funds and private equity.

This entry was posted on October 18, 2011 at 2:27 pm and is filed under value Investing Congress. You can follow any responses to this entry through the RSS 2.0 feed.

Source: http://www.valuewalk.com/value-investing-congress-2/bill-ackman-youll-hear/

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