Thursday, February 28, 2013

Bradley Manning Pleads Guilty For Supplying WikiLeaks, Says Newspapers Ignored Calls

bradley-manningPrivate First Class Bradley Manning has pleaded guilty to leaking classified government documents to WikiLeaks. Reading from a 35-page statement, Manning said he leaked diplomatic cables to "spark a domestic debate as to the role of the military and foreign policy in general," but denies aiding the enemy. Perhaps most revealing, Manning said that he first attempted to go to media outlets, such as The New York Times and The Washington Post, but his calls were rerouted to voicemail.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/q0Bu6nsSF-M/

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iTunes U content downloads pass the one billion mark

iTunes U hits the one billion download mark

Apple completely revamped its iTunes U app last year to include full course materials and it looks like that work is paying off, as the company just trumpeted its billionth content download. Over 250,000 students are enrolled in the service, which now boasts "thousands" of iTunes U learning materials, according to Cupertino. The company added that 60 percent of those downloads came from outside the US, with educators in 30 different countries -- like recent additions Brazil and Turkey -- able to create content. OHU prof "Dr. Fus" Stoltzfus said that students using his materials range from students around the world to retirees, so if you've been thinking of a knowledge upgrade, you've got no excuse. For more, check the PR after the break.

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Source: http://www.engadget.com/2013/02/28/itunes-u-content-hits-the-one-billion-download-mark/

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5 Small Business Marketing Essentials - Found Online Solutions

Posted on February 26th, 2013 by seosurrey in Email Marketing

5 Essentials of Small Business Marketing to Keep You Ahead of the Competition

Small business marketing is not for the faint of heart, but if you?ve been in marketing for longer than two seconds, you know that. Marketing your business is dependent on doing some key factors well and these items can make or break a small business in this dog eat dog world we live in. Competition is fierce and learning how to make the most from your web pages is tricky.

Here are five important actions to keep you ahead of the competition!

  1. Create a Marketing Plan ? Don?t leave anything to chance. Construct a well-thought out, concise plan that maps out every one of your marketing elements along with what you need to do to make it work. Make it as detailed as possible. At the very least fill in the broad strokes. ?But don?t just plan blindly, base it on research. ?How do customers typically find and choose a business like yours? ?No point planning a direct mail campaign if most of your audience prefers to look online
  2. Social Media Marketing ? 91 percent of experiences social marketers generate improved website traffic and 79 percent generate more quality leads according to MediaBistro.com. How do they do this? They don?t waste time with their social media marketing. Map out a plan for social media an stick to it.
  3. Build a Mailing List ? MarketingProfs.com reported emails averages a ROI (return on investment) of $40 for every $1 spent. This far exceeds keyword ads ($17) and banner ads ($2). Don?t be misled into thinking collecting and building an email list is dead. If you don?t build a list, you?re failing to build your business! ?You just cannot afford to leave such a large source of potential profits for your competition. ?Build an email list above all things ? it?s worth gold.
  4. Video Marketing ? Research shows a video is 50 times more likely to appear on the first page of Google than any other text page! This really is too good to pass up. Small businesses can engage in this by video marketing. The video market is still relatively untapped and having a simple video advertising your wares can gain you loads of Google traffic along with authority.
  5. Have a Mobile Presence ? Ensure your site is optimized for mobile, as more than half of all searches now are emanating from some type of mobile device. Microsoft reports that mobile browsing is projected to overtake desktop browsing by 2014. Having your pages mobile optimized can help improve your reach, and also corral impulse buyers.

Don?t Be a Superhero and Do It Alone!

None of us can do it all, particularly when it comes to the constantly changing world of online marketing. Find out what?s working now, learn from the best you can afford, and hire the best outsourcing you can get. It will pay off handsomely in the end!

Source: http://foundonlinesolutions.com/email-marketing/5-small-business-marketing-essentials/

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Wednesday, February 27, 2013

ASUS MeMo Pad tablets launching in the UK beginning early March

Android Central

Android Central at Mobile World Congress

More ASUS related news has emerged from Mobile World Congress in Barcelona, this time concerning the UK launch of their MeMo Pad tablets. Both the 7-inch and 10.1-inch tablets will be available to buy in the UK, with the first launching from March 7. 

The 10.1-inch ME301T -- more commonly referred to as the Smart 10 -- is a Tegra 3 packing, Android 4.1 Jelly Bean tablet with an extremely competitive price point of £249. It houses a 1280x800 resolution IPS display, 16GB of on-board storage and will only be available in Midnight Blue at launch with other colors to follow. Several retailers have picked up the MeMo Pad Smart 10 including Currys PCWorld, Tesco and Amazon. Pre-orders should be available from each of these online now, with in-store purchases set to begin on March 7. 

The MeMo Pad ME172V -- or MeMo Pad 7 as we shall refer to it -- again runs Android 4.1 Jelly Bean, but is a more budget oriented offering. It's powered by a 1GHz VIA WM8950 processor, and has a display resolution of 1024x600 with 16GB of on-board storage. The killer feature on the MeMo Pad 7 though is the price, set to arrive for just £129 some time around mid-April. 

The full press release can be found after the break. 

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Source: http://feedproxy.google.com/~r/androidcentral/~3/eTV6gLmNFEU/story01.htm

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YotaPhone hands-on - gestures, e-ink and vanilla Android

Yotaphone.

The YotaPhone is an example of one of the things we like the most about Android -- crazy hardware implemented in new and interesting ways. Dual-screen smartphones are nothing new -- recall the ill-fated Kyocera Echo of old. But Yota Devices' YotaPhone is the first we can recall that packs both a traditional LCD front and e-ink back, and today we went hands-on with the phone at Mobile World Congress. Both sides are coated in Corning Gorilla Glass 2, though the back has more of a matte texture to it. This gives the YotaPhone a unique appearance, which is accentuated by its slightly curved back.

Powering the YotaPhone is a dual-core Snapdragon S4 CPU at 1.5GHz. Around the back is a 12MP camera, and the power button cleverly doubles as a SIM tray. On the software side, it's near-vanilla Jelly Bean running the show -- Yota's left the Android UI mostly intact. Both screens are 4.3 inches diagonally, and the LCD clocks in at 1280x720 pixels. As you'd expect from the vanilla Android UI running on an S4 chip, the UI is smooth and lag-free.

The phone's also lacking traditional Android buttons -- instead, button commands are activated based on gesture controls on a panel under the LCD. Swipe halfway from right to left to go back, all the way to go home, and long press the middle for the task-switcher. Similarly, you can copy images from the front screen to the rear by swiping from top to bottom with two fingers.

Certain apps, such as Calendar and Weather, can also run natively on the rear display, and there's an in-app button for transferring things to the rear screen. This means you're able to view content without burning through quite so much juice -- and it could also be useful for viewing certain types of information in bright sunlight.

The YotaPhone probably won't be a mass-market seller in the West, but it is an incredibly cool device nonetheless, playing to the strengths of both LCD and e-ink. We've got hands-on photos and a quick video demo after the break.

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Source: http://feedproxy.google.com/~r/androidcentral/~3/Y-myCtspXCc/story01.htm

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Investors face two sets of rules for banks' loan losses

LONDON (Reuters) - Investors will have to grapple with two sets of rules for how banks recognize losses on loans after the world's two main accounting regulators failed to agree a common approach.

At the height of the financial crisis in 2009, the Group of 20 industrial and industrializing nations asked the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) to align their rules to make cross-border comparisons between companies easier.

They specifically requested new rules to force banks to acknowledge impaired loans much sooner, which might allow them to address problems in good time and prevent a repeat of taxpayer bailouts.

IASB Chairman Hans Hoogervorst said on Monday the board's new impairment rule would be published in early March but alignment with the U.S. equivalent was highly unlikely.

"It's still a long shot. We are taking a different course," Hoogervorst told a meeting of the board's advisory council, and ruling out a shift by the IASB to the U.S. model.

FASB wants all expected losses on a loan to be recognized up front while the IASB, whose rules are used in over 100 countries, thinks there should be an actual deterioration in a loan, such as late payment, before losses have to be recorded.

"The outside world, especially the regulatory community, is growing increasingly restless. I understand that and we are going to finish, whatever it takes," Hoogervorst, a former Dutch finance minister and markets regulator, said.

"We cannot wait for a magic moment of convergence to come. If we can't get a joint solution, then so be it."

In a public consultation of its proposals, the IASB will ask whether a planned January 2015 start date for its new rule is still practical.

IASB officials also said requiring banks to make disclosures to bridge the gap between two different sets of rules could be costly.

INSURANCE CONCERNS

The IASB will also publish in June draft revisions to its insurance contracts accounting rule but seek feedback on only a handful of elements, raising concerns in the industry.

"We believe there are still a lot of important issues. It's very difficult to have a clear view of how the model proposed will work," Jacques Le Douit of the European Insurance and Reinsurance Federation told the meeting.

The changes proposed could introduce volatility into financial statements, added Jerry de St. Paer from the Group of North American Insurance Enterprises.

Hoogervorst said the sector had already won several concessions and, despite a decade of deliberation, there was still no accounting rule to show where insurers stood.

Accounting risked failing to flag problems unless the rule was changed in a timely way, he said.

"We have got to get this done. I am much more worried about this than impairment. At least everybody knows the banks are in trouble and they are probably hiding some losses. In insurance, I don't think we know," Hoogervorst added.

(Reporting by Huw Jones; Editing by Mark Potter)

Source: http://news.yahoo.com/investors-face-two-sets-rules-banks-loan-losses-143831890--finance.html

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Tuesday, February 26, 2013

The 7 Deadly Sins of Online Gaming | Cracked.com

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Source: http://www.cracked.com/video_18537_the-7-deadly-sins-online-gaming.html

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Carl Pistorius, Brother of Oscar, Charged With Murder

Source: http://www.thehollywoodgossip.com/2013/02/carl-pistorius-brother-of-oscar-charged-with-murder/

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Monday, February 25, 2013

Visa and Samsung ink worldwide NFC deal, practically guarantees payWave on your Galaxy S IV

Visa and Samsung ink worldwide NFC deal here comes the payWave bloatware

First, the good news. It appears that Visa and Samsung's Olympics trial went over so well, that it's expanding those mobile payment dreams to a global audience. Now, the rough news -- Visa has convinced Samsung to pre-load the payWave app onto every future Samsung smartphone with an NFC module. Granted, you'd be using that anyway for contactless payments... but only if you had a Visa card. At this point, it's practically a given that the impending Galaxy S IV will boast not only an NFC chip, but payWave integration from the factory.

The deal also gives banks the ability to load payment account information over-the-air to a secure chip embedded in Samsung devices (thanks, Mobile Provisioning Service), but neither company is coming clean on what devices in particular will be taking advantage. Unfortunately, this news may be even gloomier for non-Visa users -- it's unlikely Samsung's contract will allow it to announce similar deals with competing mobile payment services, but we suppose we'll see in time.

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Via: TechCrunch

Source: Visa

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/YKz2uZEN-jw/

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Police: Mass. boy's rap videos inappropriate

BROCKTON, Mass. (AP) ? A lawyer for the family of a 9-year-old Massachusetts rapper who appears in sexually suggestive videos is criticizing authorities' decision to investigate whether the boy is the victim of possible child abuse or neglect.

The boy who performs as "Lil Poopy," is a thriving, well-adjusted fourth-grader with a good home life, good grades and musical talent, attorney Joseph Krowski Jr. said Monday of client Luie Rivera Jr., who is of Puerto Rican descent.

"This is just what I would call a racially-tinged investigation because whoever watched it probably doesn't understand rap," Krowski said of his client's work. "...This isn't some child left alone that's not going to school. It all comes down to content in the videos, which is protected by the First Amendment."

On Sunday, Brockton police asked state child welfare officials to look into possible abuse after watching Lil Poopy videos following a feature story about him in local newspaper The Enterprise.

Police said Monday they haven't filed any criminal charges. A Department of Children and Families spokeswoman confirmed that officials are looking into concerns about the young Brockton rapper's welfare.

The investigation will include interviews with everyone who lives in the child's home and likely others who have contact with the 9-year-old, such as school officials, DCF spokeswoman Cayenne Isaksen said. Child welfare officials can refer the case to the local district attorney's office if an investigation finds any criminal behavior.

"The filers of this report wanted to make sure the child is being properly cared for," Isaksen said. "...So the department will look into all aspects of this."

The videos show the boy slapping a woman's buttocks, engaging in sexually suggestive dances and glorifying drug use and materialism.

The boy's father, Luis Rivera, told The Enterprise that his son is acting and not doing anything wrong.

The newspaper said Lil Poopy has performed alongside Sean "P. Diddy" Combs, and was discovered in his father's music studio by the rapper known as French Montana, who founded Cocaine City Records.

Lil Poopy music that was posted to an online mix tape site last October has lyrics that include him singing about being a "bad boy" and a "cocaine cowboy."

It showed about 8,600 downloads and 195,000 views by Monday afternoon.

YouTube posts also feature the boy singing "Coke ain't a bad word," and show him with Coca-Cola.

Source: http://news.yahoo.com/police-mass-boys-rap-videos-inappropriate-142958928.html

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Video: Jindal tells President to ?stop campaigning?

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/50927847#50927847

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andre gomes replied to Andre Gomes 02/24 Work: Prime Time Sunday in NBA .

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    Sunday, February 24, 2013

    Tech Support Pro Reports Record Visitors In January, 2013 After Windows 8 Release, Maintains Lead Over Competition

    Tech Support Pro Reports Record Visitors In January, 2013 After Windows 8 Release, Maintains Lead Over Competition 11:19:57 - 22 February 2013
    Remote tech support provider Tech Support Pro has achieved record-setting traffic last month, shortly after the latest Windows version was launched. The company reveals that Tech Support Pro is currently maintaining the lead over competitors, as more and

    Los Angeles, CA (PRWEB) February 22, 2013 - Today Tech Support Pro announced record-setting traffic to their website in January, 2013, shortly after Windows 8 was launched. The figures have surpassed previous traffic records held by the company, such growth also signifying that Tech Support Pro maintains lead over competitors when it comes to reliable and prompt Windows 8 tech support services, announced the company.

    ?The traffic records for last month are a clear reflection of Tech Support Pro?s commitment to delivering reliable solutions to efficiently managing computer?s health and maintaining a fast-operating computer with minimum costs,? says Marketing Director for Tech Support Pro. ?Our dedication to providing straightforward, comprehensive and affordable remote IT support services will continue to reflect in our traffic reports, as we?ll continue to expand client database in 2013.?

    Tech Support Pro has been one of the first tech support companies to offer Windows 8 assistance and remote IT support. Last month?s record-setting traffic was led by Tech Support Pro?s distinctive approach to offer support for the recently-launched Windows 8, software installation, antivirus update and registry scanning.

    Tech Support offers to help users having trouble installing or using Windows 8, Microsoft?s operating system utilized by more than a billion computer users across the globe. Compared to its predecessors, Windows 8 has improved resource allocation to the system and its applications, allowing higher load and boot speed. Its innovative and highly dynamic desktop goes intuitively with touchscreen devices, interactions facilitated by the customizable grid layout. The enhanced search function is stronger than in previous versions, displaying results almost instantaneously, while the Windows Live Syncing makes OS migration to a new computer as simple as possible.

    ?For computer users who find it difficult to tinker with the newest Windows version, Tech Support Pro provides remote tech support from our trained and well-equipped technical consultants, who are able to address all OS issues and provide proper tech maintenance,? continues Marketing Director for the company.

    For more information on the pricing structure and services of Tech Support Pro, please visit http://techsupportpro.com/.

    About Tech Support Pro
    Headquartered in Los Angeles, California, Tech Support Pro, along with its affiliated company Customer Focus Services (http://www.customerfocusservices.com) has reached out to millions of customers since its founding in 2000. The premier MCSE credentials earned by their team prove their skills in successful design, implementation and administration of the most advanced Microsoft Windows platform and Microsoft server products.

    Contact Information

    Tech Support Pro
    Los Angeles
    CA-90036

    Source: http://www.hostreview.com/news/130222-tech-support-pro-reports-record-visitors-in-january-2013-after-windows-8-release-maintains-lead-over-competition

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    Rich David will not run for Binghamton Mayor

    By Kelly McCarthy

    Rich David will not run for Binghamton Mayor

    February 23, 2013 Updated Feb 23, 2013 at 10:11 AM EST

    Binghamton, NY (WBNG Binghamton) Richard David announced he will not seek the Republican nomination for Binghamton Mayor in November.

    David attributes problems paying property taxes for his commercial buildings in Binghamton as the reason he will not seek office.

    In a statement sent on Friday David said, ?I worked hard to pay off the balance, with interest, as soon as possible, and am current on all my tax obligations. However, I believe those seeking higher office should be held to a higher standard.?

    David is a real estate and business owner and works as public information officer at Broome Community College.

    He ran against Mayor Matthew Ryan in the 2009 election.

    Source: http://www.wbng.com/news/local/David-will-not-run-192705211.html

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    Saturday, February 23, 2013

    White House brings out Republican Cabinet member to warn on cuts

    WASHINGTON (Reuters) - Struggling to get Americans to take notice of looming spending cuts, the White House brought out the only Republican member of the Cabinet on Friday to argue its case that Congress needs to act soon to avoid a major disruption of air travel across the country.

    In a surprise and at times combative appearance at the White House press briefing, departing Transportation Secretary Ray LaHood painted a dismal picture of delayed flights, shuttered control towers and irate passengers from coast to coast if across-the-board spending cuts are allowed to take place under the process known as sequestration.

    "Flights to major cities like New York, Chicago and San Francisco and others could experience delays of up to 90 minutes during peak hours," LaHood said. "Delays in these major airports will ripple across the country."

    Automatic across-the-board budget cuts totaling $85 billion are set to take effect on March 1 unless Democrats and Republicans come to some agreement to stop or postpone them.

    The White House and Democrats in Congress have been ratcheting up a public relations campaign to warn about potential job losses, cuts and disruptions in public services, all designed to prod constituents into pressuring Republicans into submission on the cuts.

    Three Republican members of Congress who serve on committees with oversight over transportation called LaHood's assertion's "exaggerations."

    The agency was "well positioned to absorb spending reductions without compromising the safety and efficiency" of the flight system, said a statement on Friday by Representative Bill Shuster of Pennsylvania, Senator John Thune of South Dakota and Representative Frank LoBiondo of New Jersey,

    Republicans, who have argued that government over-spending is hurting the U.S. economy, have so far rebuffed President Barack Obama's request for a delay. A number of Republican members of Congress have said that while the cuts may be painful, they could be a necessary jolt to wean the nation from excessive government spending.

    A Pew Research Center poll on Thursday showed only modest public awareness of the cuts.

    LaHood was the first Cabinet secretary brought to the briefing room recently as part of the White House effort.

    Asked about that, he said: "I would describe my presence here with one word: Republican. They're hoping that maybe I can influence some of the people in my own party."

    LaHood's briefing coincided with the release by his department of a list of smaller airports in congressional districts across the country that would have to curtail operations because of furloughs caused by the cuts.

    After days of White House warnings that services like law enforcement and food safety inspections will suffer from the cuts, reporters challenged LaHood repeatedly.

    One asked him how was it that air traffic controllers would be furloughed and more than 100 air traffic towers closed if only $1 billion of his department's $70 billion budget was at risk.

    "Where I come from, which is central Illinois, a billion dollars is a lot of money, and it's very difficult when you have this kind of, the number of employees that we have guiding planes in and out of airports, to do anything except look at everything," he said.

    LaHood's warnings did not worry some aviation experts. George Hamlin, president of Hamlin Transportation Consulting, said his comments "sound like scaremongering."

    "This sounds like the proverbial 'The sky is falling' per Chicken Little," Hamlin said.

    But LaHood and other administration officials deny they have any discretion in applying the cuts or that they are exaggerating their impact.

    "The idea that we're just doing this to create some kind of a horrific scare tactic is nonsense," LaHood said. "We are required to cut a billion dollars. And if more than half of our employees are at the FAA (Federal Aviation Administration) ... there has to be some impact."

    'WATCH LINCOLN'

    LaHood has a reputation for speaking frankly. In 2010, he told a congressional hearing into a car recall that owners should "stop driving" Toyotas and take their cars back because of acceleration problems. The secretary later described the comment, which hit the Japanese company's stock price, as a "misstatement."

    On Friday, LaHood had a recommendation to help stop the sequestration: "I suggest that my former colleagues on the Republican side go see the movie 'Lincoln,' because in the movie 'Lincoln' it shows how hard it was back then to get things done," he said.

    "But what Lincoln did was he gathered people around him the way that I believe President Obama is doing by calling Republicans, talking to them, trying to work with them, and when that happens big things get solved," LaHood added.

    Obama, who has been criticized by Republicans for not reaching out to them, called Republican leaders in Congress on Thursday to discuss sequestration, but there was little sign of progress toward halting the cuts.

    LaHood announced on January 29 he was resigning from the Cabinet as part of a reshuffle at the start of Obama's second term. He will likely take a job in the private sector.

    Obama said on Friday he did not believe it was inevitable the cuts would take place. But at an event with Japanese Prime Minister Shinzo Abe, he said such cuts would slow U.S. economic growth, but not likely disrupt world financial markets.

    LaHood said his department would begin sending furlough notices to employees on March 1, meaning the effects of the staffing cutbacks would not be felt until the beginning of April.

    The national air traffic controllers union urged Congress to avoid the cuts, saying the U.S. air system could ill afford the loss of FAA staff.

    "Travelers and users of the national airspace system, from commercial passengers to businesses of all sizes, to the military, will feel the impact of the cuts throughout the spring and summer," National Air Traffic Controllers Association spokesman Doug Church said.

    (Additional reporting by Roberta Rampton, Jeff Mason, Karen Jacobs and Doug Palmer; Editing by Fred Barbash and Peter Cooney)

    Source: http://news.yahoo.com/ending-long-break-white-house-republicans-renew-budget-000422631--business.html

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    Genomic detectives crack the case of the missing heritability

    Feb. 22, 2013 ? Despite years of research, the genetic factors behind many human diseases and characteristics remain unknown. The inability to find the complete genetic causes of family traits such as height or the risk of type 2 diabetes has been called the "missing heritability" problem.

    A new study by Princeton University researchers, however, suggests that missing heritability may not be missing after all -- at least not in yeast cells, which the researchers used as a model for studying the problem. Published in the journal Nature, the results suggest that heritability in humans may be hidden due only to the limitations of modern research tools, but could be discovered if scientists know where (and how) to look.

    "The message of our study is that if you look hard enough you will find the missing heritability," said the senior researcher, Leonid Kruglyak, Princeton's William R. Harman '63 and Mary-Love Harman Professor in Genomics and a Howard Hughes Medical Institute Investigator. Kruglyak worked with first author Joshua Bloom, a Princeton graduate student; Wesley Loo, a 2010 Princeton graduate now a graduate student at Harvard University; Thuy-Lan Lite, Class of 2012, who is working at the National Institutes of Health for a year before starting graduate school; and Ian Ehrenreich, a past Princeton postdoctoral researcher now at the University of Southern California.

    "We don't think there is some fundamental limitation -- such as that there are things we don't understand about how genes behave -- that is holding us back," Kruglyak said. "Instead, we should be able to detect the heritability in humans if we use the right tools."

    Passed down from parent to child, genes determine not only eye color and other physical characteristics but also the risk of diseases. Some inherited diseases are caused by a mutation in a single gene. These single-gene disorders have well-defined patterns of inheritance that can be used to predict the chances that an individual will inherit the disease.

    However, many diseases and physical traits arise due to multiple genes, multiple locations within genes, and even the regions of DNA between genes. Across the genome -- which is an individual's total genetic content -- small variations in DNA code can, when added together, increase or decrease the likelihood that a person will develop a disease or characteristic.

    Height, for example, results from variations in DNA at multiple locations on the genome. Researchers have detected about 180 locations in the human genome where small alterations in the DNA code can have an influence on how tall or short a person is. Nonetheless, these locations account for only 13 percent of the expected contribution genetic code has on a person's height.

    Type 2 diabetes also has missing heritability: About 40 identified genome locations are associated with the risk of developing the condition, but those account for only 10 percent of the estimated genetic influence. Finding the missing heritability for diseases like type 2 diabetes, Crohn's disease and schizophrenia could help inform prevention and treatment strategies.

    In the present study, the researchers scanned the genomes of yeast cells for DNA variations -- which can be thought of as spelling errors in the four-letter DNA code -- and then matched those variations with qualities or characteristics inherited from the cells' parents. The researchers detected numerous DNA variations that, when added together, accounted for almost all of the offsprings' inherited characteristics, indicating that there was very little missing heritability in yeast.

    Although the search for heritability was successful in yeast, finding missing heritability in humans is far more complicated, Kruglyak said. For example, interactions between genes can contribute to heritable traits, but such interactions are difficult to detect with genome-wide association studies (GWAS), which are the primary means by which geneticists look for DNA variations associated with diseases or traits. In addition, environmental factors such as nutrition also can influence gene activity, and these influences can be elusive to the genome-wide study. GWAS also may be inadequate at detecting common DNA spelling errors that have only small effects, or it may fail to find DNA variations that have a large effect but are rare.

    The study sheds light on the role of nature (genetic factors) versus nurture (environmental factors) in determining traits and disease risk, according to Bert Vogelstein, director of the Ludwig Center at the Johns Hopkins University School of Medicine and a Howard Hughes Medical Institute Investigator.

    "The nature versus nurture argument has been brewing for decades, both among scientists and the lay public, and 'missing heritability' has been problematic for the 'nature' component," said Vogelstein, who was not involved in the Princeton study.

    "This beautiful study demonstrates that the genetic basis for heritability (nature) can be precisely defined if extensive, well-controlled experiments can be performed," Vogelstein said. "Though the results were obtained in a model organism, I would be surprised if they didn't apply, at least in part, to higher organisms, including humans."

    Kruglyak said that one approach to finding the missing heritability in humans might be to apply genome-wide scans to large families, rather than focusing on large populations as is currently done. Family studies take advantage of the fact that the same genetic variations will be more common in families -- and thus easier to detect. However, the disadvantage of family studies is that the detected genetic variations may not be widespread in the population.

    For the study in yeast, the team examined the offspring of two yeast cells, one that is commonly used in laboratory studies and the other in wine making. Although yeast usually reproduce asexually, under certain conditions, such as lack of food, two yeast cells will mate and produce offspring that, like human children, receive roughly half their genetic material from each parent. "Our study involves thousands of 'kids' from a single set of parents," Kruglyak said.

    The team first sequenced the genomes of the two parent cells and then conducted scans for DNA variations in the genomes of 1,008 offspring. Yeast do not inherit height or disease risk from their parents, but they can inherit the ability to survive in adverse conditions. The researchers tested the parents and their offspring for the ability to grow under various conditions, including different temperatures, acidity levels, food sources, antibiotics, metal compounds, and in drugs such as caffeine.

    The researchers then looked for associations between the DNA variations inherited from the parents and growth ability, and determined that the DNA variations accounted for nearly all of the resilience noted in the offspring.

    The paper, "Finding the sources of missing heritability in a yeast cross," was published in Nature on Feb. 3, 2013. This work was supported by National Institutes of Health (NIH) grants R37 MH59520 and R01 GM102308; a James S. McDonnell Centennial Fellowship (L.K.); the Howard Hughes Medical Institute (L.K.); a National Science Foundation (NSF) fellowship (J.S.B.); an NIH postdoctoral fellowship F32 HG51762 (I.M.E.); and NIH grant P50 GM071508 to the Center for Quantitative Biology at the Lewis-Sigler Institute of Princeton University.

    Share this story on Facebook, Twitter, and Google:

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    Story Source:

    The above story is reprinted from materials provided by Princeton University. The original article was written by Catherine Zandonella.

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


    Journal Reference:

    1. Joshua S. Bloom, Ian M. Ehrenreich, Wesley T. Loo, Th?y-Lan V? Lite, Leonid Kruglyak. Finding the sources of missing heritability in a yeast cross. Nature, 2013; 494 (7436): 234 DOI: 10.1038/nature11867

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

    Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

    Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/bcvfBHxI58A/130222121047.htm

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    How To Grow Your Home Business On A Budget | Content for Reprint

    Author: Robert Strong | Total views: 200 Comments: 0
    Word Count: 873 Date:

    With the growing powers and capabilities of the internet and smart phones, businesses are less and less needing to be centered in an office setting. Many businesses now are operated from home. This can be advantageous in so many ways. This article will offer some tips about being a home businesses operator.

    Running your home based business is a challenge, it is important to reward yourself so you will stay motivated. For instance, for every work related task that you complete from your list, you could reward yourself with fifteen minutes of non work activities. This will help to keep you focused and motivated.

    Ensure that your home business is properly insured, by discussing the business with an insurance agent. You should also make sure that your home business complies with local zoning laws and city ordinances. You don't want to start a dog care business, if there is a limit to the amount of animals you can have on your property.

    Keep an attitude that will bring you success in your home business venture. If you go about your day thinking of your home business as a hobby, you are not going to see the success that you would if you really considered it to be your real job. Keep a business attitude even when your business is in your home.

    It is wise to engage the services of a professional accountant early in your home business career. Even the simplest home business owner is in a far more complex tax situation than a salaried employee. A tax expert can ensure that you avoid any pitfalls awaiting you in home business ownership, and make sure you meet all of your tax obligations.

    Use a spreadsheet to keep track of your business activity. You can enter mileage, purchases, income and other business related transactions all in one spreadsheet using different columns. Use formulas to run totals on the columns and tax time will not seem quite so threatening.

    One way you can keep your home business on track is to set fixed hours for working on it. Running a business out of your home can tempt you to put off your work or prioritize other interests ahead of it. By committing to a relatively inflexible schedule, you can encourage yourself to treat your business professionally.

    In order to make your home business successful, make your website attractive. The number one thing a person notices when they click on a website is its design. If the website is too flashy or too plain, it may turn customers off. If you are unsure how to design your website, there are many tools online.

    Keep everything you commonly use on your desk or at your workbench within easy reach. That may seem like an obvious tip but if you always have to over extend or even get up from your work area to get something you need then your aren't organizing your area efficiently. Organize according to need.

    In order to make a home business successful, your business must be found in the Google search results. Search engine optimization is key in succeeding in today's business world. Many different companies offer tools for search engine optimization, and it is imperative that you employ a few different strategies in order to obtain success.

    Leveraging social media for your home business is an absolute must! Both brick-and-mortar stores as well as online-only companies will find that it not only expands your reach but also creates a conversation with your customers. People love it when a company replies to their questions or comments on Twitter or Facebook!

    Get your friends and family to promote your home business for you. Give them business cards so they can hand them out to the people they know who might want to use your services. You can even make it a fun game by putting a coupon code on the card which is specific to the individual you give it to, and then the person with the most referrals wins a prize!

    Keep your equipment up to date. If you buy equipment that you obviously need for your business, such as office supplies or a computer, you can deduct your expenses from your taxes. To avoid getting in trouble, do not write off expenses that might fit into what you bought for your home rather than your business.

    To reduce distractions keep your office off limits to children. Have set work hours that enable you to run your business and still have time for your family. Older children should understand not to disturb you while you are working. For your business to succeed your family needs to be supportive and respectful of your work schedule.

    It is extremely important to set up specific space and time to work. When you are interrupted, you must maintain those work-at- home boundaries. With small children, child care is required as if you were not home. As the owner, you don't have any benefits. Sick days, vacations, and paid holidays are a thing of the past.

    Read More On Robert Strong site to read more about this blog post Read More And download his video training

    AddThis Social Bookmark Button -- HTML code --

    1: Understanding Online Business Success

    Starting a home based business to earn income online takes a significant amount of time and energy upfront to get things going. Not seeing results immediately can be discouraging and cause people to give up too early. In this article, we look at the process of starting a home based business and working through the frustrations to be there when the sales come flowing in.

    2: Why You Need To Build Multiple Streams of Income For Yourself

    Being an entrepreneur and earning multiple streams of income is a dream that many have, but in reality it does take some initial hard work to achieve this. Earning multiple streams of income is the wave of the future, and here are some tips and advice for you when you are looking for ways in which to do this for yourself.

    3: What is Cyber Marketing And Why It Is So Important For The Success Of Your Website

    Cyber marketing has now become an indispensable segment of e-commerce as well as the internet and World Wide Web related topics. Cyber marketing simply refers to a technique of attracting potential customers by advertising your products or services through such means as websites, emails, and banners.

    4: Article Marketing Strategy: Putting Together a "Class Schedule" For Your Article Topics

    Businesses go to so much trouble when there is one sure-fire, simple, very inexpensive way to attract new clients to a business: Teach a free class. That is what article marketing is like. Your articles are just like free classes. You teach your target readers something helpful in your article. Your resource box then says, "If you enjoyed this article you can visit my website and apply what you have learned."

    5: The Best Way To Optimise Your Website SEO For Google Panda

    If you want your SEO to work you now need to concentrate on appeasing Google Panda, and to do this you need to know what Google Panda's spiders/bots will be looking for. Find out here how to search engine optimise your website for the latest Google Panda algorithm, and achieve the success you deserve.

    Source: http://www.content4reprint.com/internet-marketing/how-to-grow-your-home-business-on-a-budget.htm

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    Friday, February 22, 2013

    CRIME - Bullet News Niagara

    JOHN ROBBINS/Bullet News

    FORT ERIE ? The full scope of a debit-card skimming scam that affected countless Fort Erie residents is still not known.

    Niagara Regional Police say about a half dozen people filed complaints with them after noticing unauthorized transactions appear on their bank account statements during the past weekend.



    But that?s likely just the tip of the iceberg, say investigators, as most people reported the incidents directly to their financial institutions.

    Det. Sgt. Paul Spiridi, of the NRP?s central fraud unit, say they are still waiting for the financial institutions to complete their own investigations, after which they will bring send a package of information about the incidents to the police agency best suited to conduct the investigation.

    What?s known at this point, said Spiridi, is that the incidents involve unauthorized transactions made possible by use of stolen debit card information, as opposed to customers? online accounts being hacked.

    ?This is clearly a skim,? said Spiridi.

    The information used to access the accounts was likely gained by way of a skimming-device attached to a debit or ATM machine somewhere in Fort Erie.

    Just when this happened is not known, but the information needed to skim accounts could have been gathered weeks or months ago.

    Such activities are most often the work of sophisticated organized crime groups outside of Niagara.

    Information used to siphon money from accounts is sometimes sold to other groups.

    There?s likely nothing the cardholders could have done to prevent their information from being compromised as it?s difficult if not impossible for someone using a machine to know if it has been compromised, he said.

    ?You can?t tell by looking,? said Spiridi.

    Spiridi said he?s not yet certain how many accounts were affected or the total dollar loss.

    The financial institutions are covering the losses and reimbursing the accounts of their customers, he said.

    The cases he knows of involve only Fort Erie residents, but there could be others ? people who used a compromised machine while visiting the area or passing through on the way to the United States.

    Spiridi said it?s important for people to regularly monitor their account transactions and immediately report any suspicious activity to their bank or credit union, which is exactly what many of the people in this case did.

    Over the weekend and through Tuesday, Bullet News was contracted by numerous readers, who say their bank accounts were compromised.

    One victim who contacted Bullet News said he was robbed of $1,000 out of two of his accounts.

    ?If I hadn?t checked my account online, I wouldn?t have known,? he said.

    Others who spoke with Bullet News reported a similar pattern, with withdrawals in the amount of $500, which appears to coincide with the daily cash withdrawal limit of the victims.

    Debits on accounts were posted from overseas locations, such as Hong Kong and Malaysia.

    Source: http://www.bulletnewsniagara.ca/2013/02/21/crime-full-extent-of-debit-card-skimming-scam-in-fort-erie-still-not-known/

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    Daily iPhone App: DailyArt serves up a new masterpiece each day

    Kick off your day with a new work of art from DailyArt. The iPhone app serves up a new masterpiece every day and includes paintings and photographs from a wide range of artists like the classic impressionist Monet and pioneer photographer Henry Fox Talbot.

    DailyArt Pro uses push notifications to alert you when the artwork of the day has been posted. Each image includes the title of the work along with the artist's name. You can tap on these names to view background information about the piece. I appreciated the educational aspect of DailyArt as it allowed me to not only view paintings I had never seen before, but also learn how and why they were created.

    As is the case with most apps, DailyArt has a social component that lets you share your favorite work of art on Facebook, Twitter and Instagram. You can also send a masterpiece via email or save it your camera roll. The app uses a swipe-based interface to navigate between today's artwork and those featured in the past. You can also pinch and zoom on a piece to view its intricate details. If a painting catches your eye, you can mark it and save it to a gallery of your favorites.

    I enjoyed the spontaneity of DailyArt Pro and looked forward to learning about a new work of art each day. The one feature that I wished it had was a filter that would let me choose which artists, styles or time periods I would see. It would be wonderful to see impressionist paintings for a week and then switch to modern painters for the next week.

    With its superb images and informative biographical blurbs, DailyArt is perfect for those looking to add some culture to their day. You can download DailyArt Pro for 99-cents from the iOS App Store. It is a universal app that'll run on your iPhone or iPad.


    Share

    Source: http://www.tuaw.com/2013/02/22/daily-iphone-app-dailyart-serves-up-a-new-masterpiece-each-day/

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    Using amount of fish caught as measure of fisheries health is misleading

    Feb. 21, 2013 ? "The sea is a big place. Most fish are small. So it stands to reason that it is difficult to work out with any degree of accuracy just how many fish live in the sea. One way is to measure how many fish we pull out of it. But is that the best way? Or even an accurate way?" asks an editorial in this week's (Feb. 21) issue of Nature.

    The topic is featured on the cover of the journal and debated in two "Point/Counterpoint" commentaries, one jointly written by Ray Hilborn and Trevor Branch of the University of Washington, and the other by Daniel Pauly of the University of British Columbia.

    The editorial continues, "In one piece, Daniel Pauly argues that 'catch data' of the number of fish caught are a vital tool for assessing the health of fish stocks. In their counterpoint piece, Ray Hilborn and Trevor Branch warn that over-reliance on this measure misses important subtleties and can misleadingly distil the health of entire ecosystems down to a landed tonnage.

    "This is far from an academic debate. If scientists cannot estimate fish numbers, and so the health of stocks, there is little hope that this resource can be exploited in a sustainable fashion," the editorial concludes.

    Both commentaries discuss the fisheries catch data published by the Food and Agriculture Organization of the United Nations. Data is collected by officials in about 200 countries on the amount, in weight, of haddock, bream, cod and more than 1,000 other species hauled in each year by fishing boats.

    Hilborn and Branch, faculty members with the UW's School of Aquatic and Fishery Sciences, say that the changes in the amount of fish caught does not necessarily reflect the number of fish in the sea. For example, new fishing regulations can reduce catch, or fishers might choose to fish less when the price of fish is low and the price of fuel is high.

    They said they were surprised, for instance, to see Pauly in his "Comment" piece still using "stock status plots" that rely exclusively on how many fish are caught to say if stocks are developing, exploited, collapsed or rebuilding.

    That method has been shown to be seriously biased and rebutted by a series of papers in the scientific literature in recent years, Branch said, because it's only accurate one third of the time.

    "Attempts to use catch data as an indication of fish abundance have spread alarm and confusion in policy circles, and fueled the perception among the public and conservation organizations that fisheries management is failing," the UW authors wrote. "A much better approach is to deduce the health of stocks region by region and fishery by fishery using scientific stock assessments, which collate all sorts of data -- from the results of surveys conducted from research vessels to the catch per fishing effort, and the age and size distributions of the fish caught."

    On the other hand Pauly counters that, "When only catch data are available, fisheries researchers can and should use these data to infer fishery status, at least tentatively" adding that catch data are the only data available for 80 percent of maritime countries. Not so, Hilborn and Branch say. For example there are scientific assessments publicly available for 40 percent of the world's fisheries catch, mostly from developed countries.

    Additional scientific surveys of fish abundance already exist for a number of other locations, but need to be assembled, something the two have recently begun working on with more than 20 countries, the Food and Agricultural Organization and the World Bank. They estimate that compiling stock data for another 40 countries, six to eight fisheries per country, will take 10 years and $20 million.

    Pauley's piece provides a different view of the costs and a warning: "For the vast majority of species, expert stock assessments can cost from around US$50,000 to millions of dollars per stock -- especially when research vessels are involved -- so are often not feasible.

    "If resource-starved governments in developing countries come to think that catch data are of limited use, the world will not see more stock assessments; catch data will just stop being collected," Pauly writes.

    "We argue" said Hilborn and Branch, "that what is needed is a lot of hard work, of going to individual fisheries and working with local officials and fishermen to understand the status of these fisheries that are currently not evaluated."

    The Nature editors write, "It is unquestionable that some fisheries have been horribly mismanaged, and some species driven to dangerously low levels," to which Hilborn and Branch agree. The editorial continues: "But equally, there are positive signs of change. There are examples of well-managed fisheries, and, more importantly, there now seems to be a political will to listen to scientists."

    According to Hilborn and Branch, the facts now suggest that "on their own catch data cannot answer the question at the heart of fisheries science, how many fish are in the sea?"

    Share this story on Facebook, Twitter, and Google:

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    Story Source:

    The above story is reprinted from materials provided by University of Washington, via Newswise.

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


    Journal References:

    1. Daniel Pauly. Net gains. Nature, 494, 282 (21 February 2013) DOI: 10.1038/494282a
    2. Daniel Pauly, Ray Hilborn, Trevor A. Branch. Fisheries: Does catch reflect abundance? Nature, 2013; 494 (7437): 303 DOI: 10.1038/494303a

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

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

    Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_environment/~3/wybjswTDG20/130221192734.htm

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    Hirsute in a huff over Gillette ads in Brazil

    SAO PAULO (AP) ? Hate that hair? In Brazil, beware.

    A self-regulatory council for Brazil's advertising industry is looking into complaints against razor maker Gillette for running body-shaving commercials.

    Council spokesman Eduardo Correa says 20 consumers have filed complaints that the campaign "encourages prejudice against hairy men."

    The online commercials show beautiful women telling men they should shave their chests to please their girlfriends.

    The council's ethical committee is expected to rule on the case in 30 days.

    Elaine Moreira is a spokeswoman for Gillette parent company Procter & Gamble. She says the campaign was "an irreverent way to say that women prefer hairless men and that the company never meant to offend consumers."

    Source: http://news.yahoo.com/hirsute-huff-over-gillette-ads-brazil-200747026.html

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    Thursday, February 21, 2013

    New injectable hydrogel encourages regeneration and improves functionality after a heart attack

    Feb. 20, 2013 ? University of California, San Diego bioengineers have demonstrated in a study in pigs that a new injectable hydrogel can repair damage from heart attacks, help the heart grow new tissue and blood vessels, and get the heart moving closer to how a healthy heart should. The results of the study were published Feb. 20 in Science Translational Medicine and clear the way for clinical trials to begin this year in Europe. The gel is injected through a catheter without requiring surgery or general anesthesia -- a less invasive procedure for patients.?

    There are an estimated 785,000 new heart attack cases in the United States each year, with no established treatment for repairing the resulting damage to cardiac tissue. Lead researcher Karen Christman, a professor in the Department of Bioengineering at the UC San Diego Jacobs School of Engineering, said the gel forms a scaffold in damaged areas of the heart, encouraging new cell growth and repair. Because the gel is made from heart tissue taken from pigs, the damaged heart responds positively, creating a harmonious environment for rebuilding, rather than setting off a chain of adverse immune system defenses.

    "While more people today are initially surviving heart attacks, many will eventually go into heart failure," said Christman. "Our data show that this hydrogel can increase cardiac muscle and reduce scar tissue in the region damaged by the heart attack, which prevents heart failure. These results suggest this may be a novel minimally invasive therapy to prevent heart failure after a heart attack in humans."

    The hydrogel is made from cardiac connective tissue that is stripped of heart muscle cells through a cleansing process, freeze-dried and milled into powder form, and then liquefied into a fluid that can be easily injected into the heart. Once it hits body temperature, the liquid turns into a semi-solid, porous gel that encourages cells to repopulate areas of damaged cardiac tissue and to improve heart function, according to Christman. The material is also biocompatible; animals treated with the hydrogel suffered no adverse affects such as inflammation, lesions or arrhythmic heart beating, according to safety experiments conducted as part of the study. Further tests with human blood samples showed that the gel had no affect on the blood's clotting ability, which underscores the biocompatibility of the treatment for use in humans.

    San Diego-based startup, Ventrix, Inc., which Christman co-founded, has licensed the technology for development and commercialization. Christman also serves on the company's board. "We are excited and encouraged by the results of the study leading to a novel regenerative medicine solution for cardiac repair. The technology offers the potential for a longer and better quality of life for millions of heart attack sufferers," said Adam Kinsey, the CEO of Ventrix.

    Share this story on Facebook, Twitter, and Google:

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    Story Source:

    The above story is reprinted from materials provided by University of California - San Diego.

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


    Journal Reference:

    1. S. B. Seif-Naraghi, J. M. Singelyn, M. A. Salvatore, K. G. Osborn, J. J. Wang, U. Sampat, O. L. Kwan, G. M. Strachan, J. Wong, P. J. Schup-Magoffin, R. L. Braden, K. Bartels, J. A. DeQuach, M. Preul, A. M. Kinsey, A. N. DeMaria, N. Dib, K. L. Christman. Safety and Efficacy of an Injectable Extracellular Matrix Hydrogel for Treating Myocardial Infarction. Science Translational Medicine, 2013; 5 (173): 173ra25 DOI: 10.1126/scitranslmed.3005503

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

    Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

    Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/DRu8rtKe_yc/130220153705.htm

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    Younger Americans: No house, no car, less debt

    The bust that followed the epic borrowing binge of the late-2000s has apparently had a sobering effect on younger borrowers.

    Americans under 35 are carrying substantially less debt than they were before the 2008 meltdown, according to an analysis released Thursday by the Pew Research Center. But they?ve also put off the big ticket purchases like cars and houses that are typically the main reasons for taking on debt.

    There are several reasons younger households are carrying less debt than the generations that preceded them, said Richard Fry, a Pew senior economist.

    ?We know they?re going to school more, so that puts them into the job market later, and they?re postponing marriage and having kids later,? he said. ?So if you marrying and having kids later, the urgency to buy a home and get a mortgage is also delayed as well.?

    When they decide to begin their borrowing life in earnest, younger households are also having a harder time getting bankers to go along with their plans. Gone are the days when lenders carpet-bombed mailboxes with credit card offers or set up tables on college campuses to hand out cards with generous limits to freshmen with no steady income to pay them off.

    While lending has loosened up a bit since the 2008 credit crash, bankers are saying yes only to the most creditworthy applicants. Younger borrowers -- who typically have a much shorter financial track record than older borrowers -- are having a tougher time getting approved.

    ?There?s some easing of credit, but we?re not talking a fire hydrant being turned wide open,? said Keith Leggett, a senior economist at the American Bankers Association. ?Mortgage lending, for example, is still tight and will probably remain that way with the rules that are coming out of Washington.?

    The devastating impact of the credit bust and the resulting surge in home foreclosures also left many younger borrowers more than a little gun-shy.

    Until 2006, generations of young adult Americans had no reason to doubt the conventional wisdom that buying a house was a sure-fire investment. But the allure of homeownership was badly tarnished by the housing collapse. Since the bust, homeownership has become a financial albatross for millions of Americans who now owe their lender more than their house is worth. That collective ?negative equity? now stands at about $1 trillion, according to figures released Thursday by Zillow.

    The housing bust also knocked many younger households, who bought their first homes shortly before prices peaked in 2006, back into the rental market at greater rates than in the past, said Fry.

    Younger Americans are also putting off borrowing to make other big-ticket purchases, including cars. In 2007, when credit was easy to get, nearly three out of four under-25 households had a car, the Pew researchers reported. By 2011, that number had dropped to two-thirds. Despite a recent surge in car buying, and a pickup in auto lending to subprime borrowers, both the number of younger households and their average loan balances have fallen since 2007.

    The one exception to younger Americans' aversion to borrowing is student debt, which now stands at roughly $1 trillion outstanding. While more younger Americans are going to college and graduate school, financial aid has not kept up with rapidly rising tuitions. As a result, some 40 percent of younger households were carrying student debt in 2010, up from 34 percent in 2007.

    Older households have also lightened their debt burden since the 2008 credit crunch. From a peak of $12.7 trillion in the third quarter of 2008, total household debt has fallen by about 11 percent, according to the New York Federal Reserve. The bulk of that decline has come from a 14 percent drop in mortgage debt outstanding, much of which was wiped out in foreclosure.

    The exception has been among the oldest Americans, who have seen their debt burden increase sharply since the 2007 recession began, according to an analysis from the Employee Benefit Research Institute.

    For households aged 75 or older, the average debt burden essentially doubled to more than $27,000 in 2010. Debt payments, most of which went to paying off a mortgage, consumed 7.1 percent of income in 2010 ? up from just 4.5 percent in 2007.

    Homeowners of all ages are getting some help from record low interest rates, which have allowed many to lighten their monthly payments. On Thursday, the Mortgage Bankers Association reported that the percent of borrowers who have missed at least one payment has fallen to the lowest level since the credit crunch high in the fourth quarter of 2008.

    But the overall financial health of younger households -- most of whose wealth is tied up in their homes -- has not recovered as well as older households, which tend to have more wealth in financial assets, according to Fry. While the stock market has recently rebounded to pre-crash levels, housing prices, which fell by roughly one third from peak prices, have retraced only a fraction of those losses.

    The economic impact of the lower debt burdens carried by younger households will likely have a mixed impact on the economy. The smaller pool of first-time buyers is likely one of the main reasons the housing market?s post-recession recovery has been weaker than most in the past half century.

    On the other hand, households with lower debt payments typically have more cash to devote to consumers spending, which makes up 70 percent of U.S. economic activity.

    Either way, if the credit collapse of 2008 left younger borrowers with a lasting aversion to debt, that?s not good news for lenders, who have traditionally sought to build relationships with customers early in their adult life.

    ?That the big question that bankers are wrestling with: where are these new loans going to come from?? said Leggett. ?That is the question I get from bankers all the time.?

    Source: http://www.nbcnews.com/business/economywatch/younger-americans-no-house-no-car-less-debt-1C8473187

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