Archive for January, 2011

ASEAN explores tools to address climate change

Saturday, January 29th, 2011

Jakarta, Jan 23 (ANTARA) – Over 50 ASEAN representatives and climate change experts gathered in Jakarta this week to exchange ideas and best practices in addressing current and future impacts of climate change.

During the two-day workshop, participants learned from others current programs, such as municipal building retrofits in Jakarta, the carbon neutral initiative in the Philippines Puerto Princessa and various available tools for measuring and monitoring greenhouse gas, said a statement of the Jakarta-based ASEAN Secretariat here, Saturday.

Attendees also discussed how ASEAN cities can raise awareness and generate necessary support to develop effective carbon reduction and adaptation activities.

The Governor of Jakarta, Fauzi Bowo, in an opening statement delivered at the workshop said that climate change was a human issue and is therefore our joint responsibility to share our experiences in addressing it.

Liana Bratasida, Chairperson of the ASEAN Working Group on Environmentally Sustainable Cities and Special Assistant to the Minister of Environment of Indonesia, said that while ASEAN cities have varying capabilities and capacities in handling climate change, the discussions show that they are all taking innovative approaches to counter the effects of climate change through initiatives in adaptation, mitigation and climate proofing.

The workshop was co-organized by the ASEAN Secretariat, the ASEAN Working Group on Sustainable Cities, the United States-funded ASEAN-US Technical Assistance and Training Facility, ICLEI and the World Bank.

ASEAN has in April last year adopted a Statement on Joint Response to Climate Change.

In the Statement, Member States agree to enhance scientific collaboration to downscale climate change effects and incorporate mitigation and adaptation strategies into national development strategies and policies.

They also pledge to collaborate on environmentally-sound technologies, towards low carbon and green economy. (ANTARA)

article source

Elected Officials Have Mortgages, Too

Friday, January 28th, 2011

With the way some political opponents latched onto the story Friday, you would have thought Scott Gessler had just orchestrated Bernie Maddoffs escape from federal prison. Just two weeks after being sworn in as Colorados Secretary of State, he has come under fire after he voluntarily, publicly and ethically disclosed his plan to take on a second job, one that would include part-time contract legal work with his old firm.

The reason for his announcement: hes got bills to pay. I know. Shocking. You mean we actually elected an attorney to statewide office who isnt independently wealthy? Yes. How refreshing.

For full disclosure, I know Scott well and consider him one of the brightest minds Ive ever met. Weve spent years as neighbors and in 2008, when a statewide campaign I was running became the target of frivolous legal claims, he represented us at a reduced hourly rate. After getting all claims dismissed, he then allowed us extra time, free of any penalties or interest, to pay the bills wed rung up after money got tight close to the election.

While Colorado Common Cause has, at times over the years, been a positive voice for election transparency, it is now attacking Gessler. As The Denver Post reports, Common Causes Elena Nuñez sees Scotts plan as ripe for potential conflicts of interest. To the extent he is working for his old firm and his old firm is dealing with the Secretary of States office, it creates a real conflict, Nuñez said. In some cases it may just be the appearance of conflict.

But Nuñezs analysis fails to consider several critical points. First, when it comes to any legal work he handles, Scott will not take on any matter coming before the Secretary of State. Instead, he will handle transactional matters far away from the election-related issues his public office oversees.

Second, Nuñez neglects a well-tried system of rules, checks and balances that protects against alleged or realized conflicts. Under the Colorado Bar Association peer-monitoring system (not unlike the system monitoring behavior of public officials and legislators), the CBA has issued multiple rules governing the obligations of working attorneys who also serve in elected office. They do not prohibit, in any way, the type of arrangement Scott seeks, and in fact, provide a framework for attorneys to follow to ensure that ethical breaches are avoided.

Common Cause should take comfort in knowing that unlike most attorneys, Scott now faces additional scrutiny. In todays world of adversarial litigation, opportunistic lawyers eager to gain ground against Scotts clients can now more easily take swipes regarding perceived, imagined conflicts.

If Scotts second job presents a problem, then we better also start talking with the multitude of lawyers and teachers who now serve under the Capitols golden dome as our state lawmakers. In what has become an annual tradition each legislative session, former or current members of the states teachers unions introduce bills designed to directly benefit union causes, who by the way, respond by pumping millions of dollars into legislator campaign coffers each year.

Terrence Carroll, the recently term-limited Speaker of the Colorado House, maintained his legal practice while in office, and is now a heavy hitter at a major 17th Street law firm. He was joined by nearly 20 of the General Assemblys 100 lawmakers, who also maintained part-time or full-time law practices while serving last session or in the current one.

While every elected official has a duty to recuse him or herself for legitimate conflicts of interest pertaining to specific legislation, attacks like Common Causes will serve only to further discourage ordinary people from running for public office.

Maybe Scott should have charged clients higher hourly rates or exorbitant interest rates on late payments. Maybe he should have cut staff during the recession to ensure hed have more money in his pocket at the end of the day. And he wouldnt have to take on a second job now, if hed just cut his pro bono and public interest client load when he discovered it wasnt financially lucrative. He could have married wealthy. If hed just done all of the above, hed have a nice reserve of cash to live off of while serving our state today.

But he didnt. And we should be glad he didnt. As a fellow Republican, I actively supported Scotts Secretary of State campaign, hosted a fundraiser and donated money. I did so, in large part, because Scott is different. While hes an astute election law attorney, hes the furthest thing from being another political hack.

Just one example: while he passionately disagrees with my support for medical marijuana rights, the constitution comes first in his book, and he has never hesitated to lend an ear over the years as Ive bombarded him with questions about possible violations against pro-marijuana petition rights efforts. He has helped me protect the voice of other so-called liberal causes in the political process, and he has been there as a voice for grassroots muckraking journalists investigating the bad behavior of politicians of either major party. Lest we also forget that this is the man who got the Green Partys Ralph Nader on the ballot as a presidential candidate just a few years ago.

While some may balk at the suggestion that Scotts $68,500 salary should be ample to cover his obligations as the sole breadwinner for himself, his wife, their young daughter, and his mother, this attack also misses the point. If we nix Gessler for his chosen profession, then we should also take a closer look at teachers and others leading our state as elected officials.

If every aspiring candidate took Nunezs advise, wed see our states highest posts filled by the retired or independently wealthy. Certainly, this cant be what we want. And while lawyers certainly arent the most popular creatures in society, we should encourage those who have a proven record of knowledge and experience with election law and public policy to take their shot at the ballot.

For now, Scott remains committed to his plan to work about 20 hours a month, over weekends and at nights, for Hackstaff Law Group, previously known as Hackstaff Gessler. As he told the Post, [The added income] will be well less than half of what I earn as secretary of state. This isnt a huge income source for me, but its something I need.

Believe it or not, elected officials have mortgages. Lawyers, too. And Ive yet to hear a single decent reason why Scott Gessler shouldnt be permitted to take on a second job to help pay his.

Jessica P. Corry (www.JessicaCorry.com) is a Denver attorney and political strategist. She serves as special counsel to Hoban Feola, LLC, and as a policy analyst with the Independence Institute. She is also a Robert Novak Fellow at the Phillips Foundation, an award under which she is completing her book.

article source

Bethesda to Release Mod Tools for Elder Scrolls Skyrim

Friday, January 28th, 2011

Recent community activity in the Bethesda forums has revealed that they are going to release Creation Tools for The Elder Scrolls 5: Skyrim.

Gstaff the Senior Community Manager said, We’ve always been impressed with what the community has done with our tools. Like the Elder Scrolls Construction Set for Morrowind and Oblivion, we plan to release the Creation Kit so you guys can mod Skyrim

article source

Tech Tools Can Ease Burden of Traveling for Long-Distance Relationship

Friday, January 28th, 2011

If youre frequently flying between Dallas and Denver to maintain a long-distance relationship, those hours in the air may seem as if they drag on. If you dont want those trips to be a drag, you can rely on some high-tech help to make the time fly by.

Here are some trip tips:

bull; Pack your laptop. You can finish that overdue report, play Scrabble or watch The Social Network. Some airlines now offer Wi-Fi service on board, so you can catch up on email or browse the web.

bull; Bring along your netbook. If a laptop is too bulky to tote around, buy a netbooka smaller, less powerful version of a laptop. A decent netbook costs roughly $300.

bull; Load up on apps. If youve got a smartphone, download some entertaining apps. If you own an iPhone, for instance, you can play Puck Billiards, go on a space mission with Star Blast or enjoy the old standby Solitaire.

bull; Groove to the music. From Beethoven to Beyonce, you can listen to your favorite tunes on an iPod or another MP3 player. To drown out the crying kid in 23C, dont forget your noise-canceling headphones from companies like Bose and Sony.

bull; Turn the e-page. E-readers like Amazon.coms Kindle and Barnes amp; Nobles Nook make it easy to dive into the latest thriller from Dean Koontz or the new steamy romance novel from Jackie Collins.

bull; Clean up your contacts. Dont recognize some of the names stored on your smartphone? (Whos this George guy?) Your time on the plane is a good time to delete those mystery people from your contact list.

bull; Prioritize your pics. Still have photos from that 2008 vacation in Vancouver that youve done nothing with? Sort through the pics youve got stored on your laptopspiffing up the ones you treasure and trashing the ones that look like they were taken by a 2-year-old.

article source

No Adult Movies Available in New Marriott Hotels

Thursday, January 27th, 2011

Marriott Hotels will no longer offer adult movies to its guests in its new hotels. The leading hotel group is moving to new in-room entertainment technology in the new hotels they will open in the next few years.

Marriott plans to replace its traditional video systems with Internet-based, on-demand systems. Part of the reason why the chain will no longer offer adult movies in rooms is because of the lack of safeguards that prevent children from accessing the pornographic content.

Pay-per-view movies have actually been an area of shrinking revenue for hotels, due to the rise of Netflix, iPod touch and the laptop which means many travelers bring their own entertainment into their hotel rooms. On average, hotels make about $175 each year on every available room. A decade ago that number was $288 per year.

This decision by Marriott to no longer offer adult movies may be one that many hotels make in coming years because they just don’t make enough money anymore. Also, the lack of porn in the room helps the hotels develop their family friendly image.

What do you think about this move away from adult movies? Will it affect which hotels you decide to stay at for future travel?

 Copyright: News Today Online by Kate James at Gather.com

Subscribe to Kate James RSS feed in a reader

article source

Banks Want Pieces of Fannie-Freddie Pie

Wednesday, January 26th, 2011

As the Obama administration prepares a report on the future of Fannie Mae and Freddie Mac, some of the nation’s largest banks are offering a few suggestions, Louise Story reports in The New York Times.

Wells Fargo and some other large banks would like private companies, perhaps even themselves, to become the new housing finance giants helping to bundle individual mortgages into securities — that would be stamped with a government guarantee.

The banks have presented their ideas publicly through trade groups. Housing industry consultants and people familiar with recent meetings at the Treasury Department say these banks view the government’s overhaul of the mortgage market as a potential profit opportunity. Treasury officials have met with executives from several institutions, including Wells Fargo, Morgan Stanley, Goldman Sachs and Credit Suisse, according to a public listing of the meetings.

The administration’s report, to be released later this month, is expected to be sweeping and could address basic questions like whether a government guarantee is needed at all for middle-class homeowners.

article source

New Spin On Reverse Mortgages, Rising Rates And The Impact On Reverse Mortgage …

Wednesday, January 26th, 2011

None of the agencies wanted to take the lead in clarifying how to handle defaults, so a backlog of cases built up in recent years, according to Peter Bell, president of the National Reverse Mortgage Lenders Association (NRMLA). “For years, Fannie was the loan owner and HUD was the insurer,” he said. “The loan servicer would advance the taxes for the borrower, but at some point theyd go to HUD and ask for permission to call the loan. No one wanted to make that call, because it could lead to a foreclosure process. Ultimately, if the borrower doesnt pay theyd have to move to [foreclosure.]“

Rising Rates

The difference between a reverse mortgage and a home equity loan: Generally a home equity loan, a second mortgage, or a home equity line of credit (HELOC) have strict requirements for income and creditworthiness. Also, with other traditional loans the homeowner must still make monthly payments to repay the loans. A reverse mortgage has no income or credit score requirements and instead of making monthly payments to the lender, the homeowner receives from the lender. Since 2008, HELOC lines of credit have been much more difficult to get and qualify for, have much stricter repayment guidelines and now make the reverse mortgage the only viable solution for most.

article source

Churches Increasingly Fans of Facebook, Other Social Media

Tuesday, January 25th, 2011

Nashville, TN (Vocus/PRWEB) January 21, 2011

Churches are turning increasingly to social networking tools as ministry aids and Facebook is by far the most popular tool, according to a new study by LifeWay Research.

The survey of 1,003 Protestant congregations was conducted in September and sponsored by LifeWays Digital Church partner, Fellowship Technologies. It found that 47 percent of churches actively use Facebook.

The second most popular way of networking is through the tools included in church management software packages, actively used by 20 percent of congregations. Three percent use MySpace, 2 percent a church-specific package like Cobblestone, Unifyer, or The City, and 1 percent use Ning.

However, a full 40 percent of churches do not use any social networking tools.

Churches are natural places of interaction, LifeWay Research Director Scott McConnell said. Congregations are rapidly adopting social networking, not only to speed their own communication, but also to interact with people outside their church.

Large churches use Facebook far more than small ones. Eighty-one percent of congregations with 500 or more in average worship attendance use Facebook, compared to 27 percent of churches with one to 49 attendees. Forty-three percent of churches with 50 to 99 attendees use Facebook, as do 46 percent of churches with 100 to 199 attendees and 56 percent of churches with 200 to 499 attendees.

Large-city and suburban churches are more likely than their small-city and rural counterparts to use Facebook. While 57 percent of suburban and 54 percent of large-city churches use it, only 46 percent of small-city congregations and 39 percent of rural churches are on Facebook.

Among churches that utilize social networking tools, 73 percent use them for interacting with the congregation, 70 percent for distributing news and information in an outbound only manner, 52 percent for fostering member-to-member interaction and 41 percent for managing the churchs group ministry.

A majority (62 percent) of churches that utilize social networking tools use them to interact with individuals outside the congregation.

Social networking tools have become an integral part of most peoples daily lives and relationships, said Curtis Simmons, vice president for marketing and community at Fellowship Technologies. If churches desire to connect with their congregation and community in meaningful ways, then they need to establish a strategy for actively engaging in the social media conversation. Thousands of individuals are sharing support and encouragement through these tools. The church needs to be an active participant in these conversations and connections.

A separate LifeWay Research survey of 1,000 Protestant pastors in October 2010 found that many pastors are personally using social media to interact with their congregations. Nearly half (46 percent) of pastors personally use Facebook, 16 percent blog and 6 percent use Twitter. In addition, 84 percent send email to groups.

Biblical community requires feet and faces, not only retweets and fan pages, cautioned McConnell. But clearly social networking is a helpful tool to build and maintain community.

Methodology: LifeWay Research conducted a phone survey among a stratified, random sample of Protestant churches Sept. 8-20, 2010, interviewing 1,003 staff members most responsible for making decisions about the technology used in their church. Responses were weighted to reflect the natural size distribution of churches. The sample provides 95 percent confidence that the sampling error does not exceed #177;3.2 percent.

###

For the original version on PRWeb visit: www.prweb.com/releases/prweb2011/1/prweb8082456.htm

article source

Credit Suisse Ups ADM At $40, JPMorgan Tags Forest Labs At $34

Tuesday, January 25th, 2011

1.0 200 OK
Date: Tue, 25 Jan 2011 20:31:03 GMT
Server: Apache/1.3.26
Set-Cookie: RMID=43de81924d3f3300; expires=Fri, 31-Dec-2010 23:59:59 GMT; path=/; domain=.forbes.com
Vary: Accept-Encoding,User-Agent
Connection: close
Content-Type: text/html
X-Pad: avoid browser bug












Home
Business
Tech
Markets
Entrepreneurs
Leadership
Personal Finance
ForbesLife
Lists
Opinions
Video
Blogs
E-mail Newsletters
Portfolio Tracker
Special Reports
Commerce
Energy
Health Care
Logistics
Manufacturing
Media
Services
Technology
Wall Street
Washington
CIO Network
Enterprise Tech
Infoimaging
Internet Infrastructure
Internet
Personal Tech
Sciences
Security
Wireless
Bonds
Commodities
Currencies
Economy
Emerging Markets
Equities
Options
Finance
Human Resources
Law Taxation
Sales Marketing
Management
Technology
Careers
Compensation
Corporate Citizenship
Corporate Governance
Managing
Innovation
CEO Network
Reference
ETFs
Guru Insights
Investing Ideas
Investor Education
Mutual Funds
Philanthropy
Retirement College
Taxes Estates
Collecting
Health
Real Estate
Sports
Style
Travel
Vehicles
Wine Food
100 Top Celebrities
400 Richest Americans
Largest Private Cos
Worlds Richest People
All Forbes Lists
Business Opinions
Investing
Technology Opinions
Washington The World
Companies
People
Reference
Technology
Companies
Events
People
Reference
Companies
People
Companies
Events
People
Reference
Companies
Events
People
Reference

article source

LendingTree Weekly Mortgage Rate Pulse Reports Rates Tick Up

Tuesday, January 25th, 2011

CHARLOTTE, NC, Jan. 19, 2011 /PRNewswire/ — Average mortgage rates increased slightly week-over-week according to the LendingTree Weekly Mortgage Rate Pulse, a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders.

On January 18, average home loan rates offered by LendingTree network lenders were 5.03 percent (5.26% APR) for 30-year fixed mortgages, 4.33 percent (4.69% APR) for 15-year fixed mortgages and 3.77 percent (3.98% APR) for 5/1 adjustable rate mortgages (ARM). Rates for 30-year fixed and 15-year fixed mortgages increased slightly, while 5/1 ARM rates remained relatively flat.

On the same day, the lowest mortgage rates offered by lenders on the LendingTree network were 4.5 percent (4.64% APR) for a 30-year fixed mortgage, 3.75 percent (3.99% APR) for a 15-year fixed mortgage and 3.00 percent (3.21% APR) for a 5/1 ARM.

Market conditions have continually been improving for borrowers over the past month with rates back down to early December levels, said Cameron Findlay, LendingTree chief economist. However, given the impending rise in agency loan level pricing adjustments scheduled to take effect in the next two weeks and increased tension in the market surrounding what is considered a Qualified Residential Mortgage there is a lot of risk waiting to lock your mortgage rate in this environment.

Below is a state-by-state comparison of mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity.

article source