Stocks slip; JPMorgan disappoints

The Dow fell 48 points to close at 12422 Friday after a rare disappointing earnings report from JPMorgan Chase battered bank stocks

A rare disappointing earnings report from JPMorgan Chase battered bank stocks on Friday and helped push the rest of the market lower. Rumors of imminent downgrades for the credit ratings of European governments drove the euro down and sent investors streaming into U.S. debt.

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The Dow Jones industrial average fell 48.96 points to close at 12,422.06, a drop of 0.4 percent. Markets were little changed late in the day after France's finance minister confirmed that Standard & Poor's had stripped the country of its AAA credit rating.

Before the market opened, JPMorgan said quarterly profit declined 23 percent from a year earlier, slightly worse than what analysts expected. The bank's stock lost 2 percent, and other large banks followed. Morgan Stanley fell 3 percent and Goldman Sachs 2 percent.

It was the first time JPMorgan missed Wall Street expectations since the final quarter of 2007, a period that includes the financial crisis of 2008 and 2009. JPMorgan is widely considered one of the best-managed big banks. Traders figured that if JPMorgan had trouble as 2011 came to a close, the rest of the industry probably did, too.

"JPMorgan is the gold standard," said Phil Orlando, chief equity strategist at Federated Investors. "So what happens to the banks that aren't quite as strong and aren't quite as well-managed?"

On trading desks, it's called the "cockroach theory," Orlando said. "You never see just one cockroach. If you see one, you know there's bound to be a lot more."

The euro slipped to its lowest level in 17 months after reports surfaced that S&P would downgrade European governments. After the markets closed in New York, S&P announced cuts for France, Austria, Italy and Spain.

The euro dropped 1.1 percent against the dollar to $1.27. Borrowing costs jumped for France, Italy and Spain, countries at the center of the region's debt crisis.

The dollar and U.S. Treasury prices rose as investors moved money into lower-risk assets. The yield on the 10-year U.S. Treasury note fell to 1.86 percent from 1.93 percent late Thursday.

S&P warned Dec. 5 that 15 countries that use the euro were at risk of downgrades, citing higher borrowing costs for top-rated governments and disagreements among European leaders.

A cut to France's credit rating may fail to push rates up for France because bond traders were prepared for it, said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott.

The danger is to the European rescue fund. France is the second-largest contributor to the fund behind Germany. Bond traders could respond to the French downgrade by raising borrowing costs for the rescue fund, in the expectation that its rating will be cut next.

"The knock-on effects are far more significant than the impact on France itself," LeBas said.

JPMorgan's results opened the earnings season for banks on a sour note. Though an increasing pace of earnings reports may help steer the markets over the coming days, Europe's debt crisis is likely to remain the focus.

In other trading, the S&P 500 index fell 6.41, or 0.5 percent to 1,289.09. The Nasdaq composite index fell 14.03, or 0.5 percent, to 2,710.67. Even with Friday's fall, all three indexes posted gains for the second straight week. The S&P 500 index is up 2.5 percent to start the year.

Among stocks making larger moves than the overall market Friday:

? Diamond Foods Inc., which makes Emerald Nuts, plunged 10 percent after The Wall Street Journal reported that federal prosecutors had opened a criminal inquiry into its financial practices. The Journal also reported that two large shareholders had dumped most of their stakes in the company.

? Safeway Inc., the grocery store chain, rose 1.8 percent. An analyst at Jefferies placed a "buy" rating on the stock on the expectation that the company will benefit from an improving job market, especially in California.

? Alpha Natural Resources fell 10 percent, the largest loss in the S&P 500. The coal company bought Massey Energy last year, and the Justice Department is considering whether to prosecute the people who ran Massey when its Big Branch mine exploded in 2010.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/L_Yp4eA_pgA/Stocks-slip-JPMorgan-disappoints

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Friday Fun: Snowboarding Crow [video]


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Jason G. GoldmanJason G. Goldman is a graduate student in developmental psychology at the University of Southern California, where he studies the evolutionary and developmental origins of the mind in humans and non-human animals. Jason is also Psychology and Neuroscience Editor for ResearchBlogging.org and Editor of Open Lab 2010. He lives in Los Angeles, CA. Follow on Google+. Follow on Twitter @jgold85.

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--> Jason G. GoldmanJason G. Goldman is a doctoral student in Developmental Psychology at the University of Southern California in Los Angeles. His research focuses on the evolution and architecture of the mind, and how different early experiences might affect innate knowledge systems. He received his B.A. in Psychology in 2007, and his M.A. in Psychology in 2009, both from USC.

In addition, Jason is a freelance science writer. His blog The Thoughtful Animal, which discusses behavior and cognition in humans and animals, has been featured in The New York Times, The Guardian, SEED Magazine, the National Geographic Channel, the Charlotte Observer, the Raleigh News-Observer, and USA Today. He has also contributed to Scientific American, The Guardian, and LAist.

Jason writes about psychology and neuroscience, with a special focus on animal cognition and the evolution of the mind. What does it mean for a cognitive skill or capacity to be truly innate? How can the environment take the basic building blocks of cognition and push them around in different ways? How did those building blocks evolve? How do they develop throughout the lifetime? Understanding the animal mind can help us better understand the evolution of the human mind.

Jason is also Psychology and Neuroscience Editor for ResearchBlogging.org and Editor of Open Lab 2010. You can also follow him on twitter, on Google+ and on tumblr. His professional website is http://www.jasonggoldman.com

Jason's beautiful banner image, featuring a bonobo, common dolphin, and blue jay, was created by Carl Buell. - - jgold85 Contact Jason G. Goldman via email.
Follow Jason G. Goldman on Twitter as @jgold85.-->

This video (via Al Dove on twitter), which appears to be from Russia, shows a crow (can anybody confirm the identity of the bird?) engaging in an activity that can only be described as play. There is at least some scientific evidence (behind a paywall) that corvids, as well as some species of parrots and other social birds, do engage in play-like behaviors. This particular instance is remarkable as it does not only show play, but also a form of tool use!

Teaser photo used under CC license

Jason G. GoldmanAbout the Author: Jason G. Goldman is a graduate student in developmental psychology at the University of Southern California, where he studies the evolutionary and developmental origins of the mind in humans and non-human animals. Jason is also Psychology and Neuroscience Editor for ResearchBlogging.org and Editor of Open Lab 2010. He lives in Los Angeles, CA. Follow on Google+. Follow on Twitter @jgold85.

The views expressed are those of the author and are not necessarily those of Scientific American.

Source: http://rss.sciam.com/click.phdo?i=0c75a79ff88cba2b8878b545ddd32fe5

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What's the iphone 5 Listed price

The apple iPhone4S contour design is nearly same as iPhone4, but the subtle point also has some differences, the obvious performance in the fuselage crown and the both sides, is that commonplace cuts the cut-off. iPhone4S and CDMA the version iPhone4 outward appearance compares, besides a many sim card trough, other parts was the same.
Approaches planned at the end of the year can obtain the 4S friend to grasp, today "the dragon dragon numerical code" place already broke 5100 Yuan from the business the understanding to port version 16G iPhone4S, is interested as soon as the friend might as well arrives at the business entity shop to look. place of performance iPhone4S biggest promotion in the following several spots.
First was iPhone4S embarked brand-new binuclear 1GHz a5 processor, the theory operating speed is traditional iPhone4 2 times, the graphic processing performance is traditional iPhone4 7 times. In addition, iPhone4S will also embark the newest iOS 5 systems, has joined the talk function. Simultaneously iPhone4S also promoted in the camera aspect 8,000,000 picture elements, has supported the 1080P video frequency record function. But the network service pattern aspect will also support GSM and the CDMA double model, this is also unexpected.

Source: http://forums.omnigroup.com/showthread.php?t=23177&goto=newpost

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Mystery GooseGulper in the Waters Near Olympic Park in London

Could there be a new Olympic Event this year of identify and take away the mystery goose-gulper in the river by the Olympic stadium?

?

Wildlife experts have revealed that a mysterious giant creature has gulped down a 16lb Canada geese. And it ?is lurking in waters near the Olympic Park in East London ?which is a bit of a worry cos it's where everyone will be headed for the Olympic Games later this year.

alligator Witnesses alerted environment bosses after seeing the goose dragged under the surface, So now there is concern that there could be a pike, alligator or even a large python stalking the waters near the Olympic site.

The number of swans on the river and waterways near the newly-built ?9bn Olympic Park is also dropping.

The Mail On-line has yielded to temptation and speculated what it might be?

They have come up with the following:

Pike have been known to grow up to 18kg( 40lbs) -but they normally eat smaller fish?

An escaped pet alligator? They feed on anything from turtles, birds and even deer.

An escaped pet python? They can eat animals the size of a cat, but don't like winter so much.

Or a terrapin. Apparently people buy these and dump them when they get too big.

?

?

?

Source: http://www.celsias.com/article/mystery-goosegulper-waters-near-olympic-park-lon-2/

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Corel AfterShot Pro

With more and more people moving to digital SLRs, the need for software that can manage and make the most of photos shot with these higher-end cameras increases. The dominant player in photo workflow software among photo professionals has for a while been Adobe's Lightroom ($299, 4.5 stars), but Corel now offers a more affordable option of its own with AfterShot Pro ($99.99).

As a new, first-generation app from Corel, After Shot Pro draws on technology from the company's acquisition of Bibble Labs and from its own PaintShop Pro ($99.99 list, 3.5 stars) with an eye to honing the product down to just what pro photographers need, rather than including the raft of image embellishments offered in the Photoshop-emulating PaintShop Pro. How well does it succeed in offering a lower-cost alternative to Lightroom or to the identically priced CyberLink PhotoDirector ($99.99, 4 stars) and Serif PhotoPlus ($99.99 2.5 stars)? Read on to find out.

Interface
Installing AfterShot is quicker and simpler than do so with PhotoDirector, since it's a smaller download and doesn't require Microsoft C++ runtimes to be installed. Unlike most other photo workflow apps (notably Lightroom and PhotoDirector), AfterShot Pro does not use a "modal" interface, in which buttons or tabs take you through modes for organizing, editing, sharing, and whatever else the software though made sense to break down to it own separate task?print, Web, or whatever. Instead, you have a simple three (and sometimes four) panel interface, with the "Browse panel" on the left, the main image or gallery view in the center, and adjustment tools panel on the right.

The fourth panel is a filmstrip view of your source images, which you can alternately run across the top by choosing Toggle Orientation from the menu. You can easily toggle any of these panels on and off with arrow icons or View menu options. Added to this are buttons along the top for star-rating, flagging, rotating, and filtering photos. Along the bottom, another toolbar gives quick access to zooming, cropping, and white-balancing with a dropper. Finally, you can toggle clipping display with a warning symbol button here, which provides an easy way to see under and overexposed areas in your photo.

In addition to menus and interface toolbars, the program offers a generous selection of keyboard shortcuts, for accomplishing pretty much any photo or interface task available. I could easily switch to full screen view with either F11 or the arrow button at top-right, but there's no support for dual monitors, as PhotoDirector and Lightroom offer. A magnifier or "loupe" tool let me raise a magnifying glass to see a detail of the photo.

But the only way I could view the image nearly full screen was to start a slideshow, which necessitated an intervening dialog box; I'd prefer a simple one-click way to just see the photo, without any program chrome around it, as PhotoDirector lets you do just by hitting the F key. A multi-image view let me compare similar photos to choose the best one, but I could only view two images on top of each other, not side-by-side. And it also wouldn't let me move photos separately after zooming, and I could in PhotoDirector (though not in Lightroom, either). On the plus side, I do like how AfterShot lets you zoom with the mouse wheel.

You can undo actions, but there are no back and forward buttons or Reset button for those times when you just want to start over with an image. There is a small history window you can call from a menu option, and you can select the action you want to go back to. The reset all option is buried among the adjustment presets, which doesn't make much sense to me from an inteface standpoint.

This non-modal interface, as with Apple Aperture ($79, 4.5 stars) has the advantage of giving you access to all the program's features at all times, not requiring you to be in a particular "mode" to, for example, brighten or add tags to a photo. But modes have the advantage of encouraging an actual workflow?getting all your tagging and rating in, and then adjusting, then dealing with output.

Importing and Organizing Photos
AfterShot doesn't install an AutoPlay entry for when you plug in camera meeting, nor does it even offer an Import button. You have to choose the files from the left panel file tree view or choose Import From Folder or Import Select Files from the File menu. I really prefer photo workflow software to find and let me start an import along with import options when I plug in media, the way Lightroom does. In one way, AfterShot's importer seemed handy: I could just start working on an image without going through the import process; even when I closed the program, next time I opened it the photo I'd been working on had all the adjustments I'd made without requiring a save.

But after working with images on plugged-in camera media, when I unplugged the card, I wouldn't have a local copy, and the image wouldn't appear. I'd still have my edits next time I plugged in the media, but I guess I'd just prefer the app to enforce my importing photos with a big ol' Import button the way Lightroom and PhotoDirector have. I also ran into an issue where I thought I'd imported images, but a question mark appeared in their thumbnails, and when zoomed to 100 percent, they were highly pixelated.

When I did use the import feature, I was happy to see that I could apply tags and even presets like "bluer skies," "deeper shadows," and even "pseudo-Fisheye" along with some B&W options. Importing and creating thumbnails for 156 raw images, each about took just 2 minutes. After this, I had to switch the Browse panel to Library view to see my imported pics. The folder name there was taken from the media folder name, but I'd prefer dated groups, the way Windows 7's import creates. The only way to see images taken on a specific date was to use the Metadata browser and choose Date/Time. There was no way to see just photos from the "Last Import," the way you can in Lightroom, CyberLink PhotoDirector, or Serif PhotoPlus.

After several imports, the left panel's Library tab becomes cluttered, completely lacking the clear organization you get with other workflow software competitors. Also missing was the abilty to organize into new collections or galleries, as you can with Lightroom's Quick Collections and Smart Collections.

Once you've got your photo folders imported, you can easily rate each image with stars, flag it as a pick, or rotate it from buttons above the main viewing area, and you can do all this to multiple selected images at once, which is helpful. The filter button (with its funnel icon), brings up a mini window that lets you easily restrict the browse view to photos with the specified number of stars, color or flag. Keywording isn't set in the left Browse panel, but you have to dig for it on the Metadata tab of the right panel. No right-click option let me add keywords either, nor did the filter tool let me filter by keyword, but happily I could use the Library tab's Search bar to limit the display to photos with certain tags.

Display speed is a definite plus in AfterShot. Lightroom very quickly let me view and zoom raw files from my DSLR (a Canon EOS Rebel T1i): I didn?t have to wait for the image to refine as I did in Lightroom and PhotoDirector.

Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/cx2h6aGmQHY/0,2817,2398681,00.asp

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College football: USA Today Top 25 Poll

Published: Tuesday, Jan. 10, 2012 12:23 a.m. MST

The USA Today Top 25 football coaches poll, with first-place votes in parentheses, final records, total points based on 25 points for first place through one point for 25th, and previous ranking:<

Record Pts Pvs
1. Alabama (59) 12-1 1,475 2
2. LSU 13-1 1,404 1
3. Oklahoma State 12-1 1,367 3
4. Oregon 12-2 1,290 5
5. Arkansas 11-2 1,188 7
6. Boise State 12-1 1,162 6
7. Stanford 11-2 1,106 4
8. South Carolina 11-2 1,084 9
9. Michigan 11-2 925 12
10. Michigan State 11-3 912 13
11. Wisconsin 11-3 911 8
12. Baylor 10-3 775 16
13. TCU 11-2 710 15
14. Houston 13-1 673 17
15. Oklahoma 10-3 610 19
16. Kansas State 10-3 602 10
17. Virginia Tech 11-3 574 11
18. West Virginia 10-3 554 22
19. Southern Mississippi 12-2 429 21
20. Georgia 10-4 345 18
21. Cincinnati 10-3 248 24
22. Clemson 10-4 237 14
23. Florida State 9-4 205 25
24. Nebraska 9-4 144 20
25. Brigham Young 10-3 79 NR

Others receiving votes: Northern Illinois 36; Missouri 33; Texas 29; Auburn 28; Rutgers 11; Penn State 10; Texas A&M 5; Virginia 4; Temple 2; Washington 2; Arkansas State 1; Florida 1; Louisiana-Lafayette 1; Mississippi State 1; Notre Dame 1; Ohio 1.

Source: http://www.cougarupdate.com/article_link.html?id=1290037527&source=rss&thread=1

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WKCTC announces their 2012 President?s Cup Academic Bowl winners

PADUCAH, KY (KFVS) - More than 160 students competed in the 2012 President?s Cup Academic Bowl held at West Kentucky Community and Technical College on January 5.

Lone Oak took home the top prize with Marshall and Calloway Counties and Paducah Tilghman winning second-fourth place trophies, respectively.

?It was very competitive with lots of schools and smart people participating,? said Lone Oak co-captain Ricky Grewelle.? ?We are proud of our accomplishment.?

Other participating schools include: Ballard Memorial, Dawson Springs, Fulton County, Graves County, Madisonville-North Hopkins, Murray, St. Mary and Todd County Central.

?We are very happy to see so many schools participating in our President?s Cup this year.? There are just so many outstanding students and this gives them an opportunity to show their academic strength,? said Gary Goodaker, professor of mathematics at WKCTC and vice-president of the West Kentucky Academic Association. ?We also like to see the students continue to compete in the written assessment for those who specialize in one subject.? The goal is to have as many students participate as possible and we?re so glad to have them all on our campus.?

WKCTC faculty and staff moderated the competition, which consisted of written assessments in mathematics, science, social studies, language arts and arts/humanities; and each team played three quick recall matches.

The top five written assessment winners were chosen from each category. First place winners include:

  • Arts/Humanities ? Cody Bergman, Calloway County
  • Language Arts ? Lauren Benson, Calloway County
  • Mathematics ? Nikolas Anderson, Lone Oak
  • Science ? Ricky Grewelle, Lone Oak
  • Social Studies ? Robert Kaltenbach, Lone Oak

Copyright 2012 KFVS. All rights reserved.

Source: http://mccracken.kfvs12.com/news/events/52049-wkctc-announces-their-2012-presidents-cup-academic-bowl-winners

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Panasonic refreshes HD camcorder range: 3MOS, 1MOS and Waterproof offerings

Alongside its new Lumix snappers, Panasonic just dropped a bunch of new HD camcorders at CES. It's the 1MOS models that get the most vigorous make over, with six new 1920 x 1080 shooting cams in total.

The HC-V700 and HC-V700M are the new top of the 1MOS line; armed with a proprietary High Sensitivity Sensor, promising better indoor and night-time shots, there's also 3D capture when used with the new VW-CLT2 conversion lens, plus a 21x optical and 46x "high-powered' (we guess digital) zoom. The mid-range HC-V500/M cameras have a 2D to 3D image conversion function (also found in the V700s) as well as Natural, Pop, Dynamic & Classical special effects modes and 38x optical / 50x digital zoom. For the less feature-fanatical are the HC-V100 and HC-V100M which have lower power consumption for longer shooting despite a smaller 2.028 x 2.343 x 4.429 inch form. If you were wondering what makes the M models different, the answer would be 16GB built-in storage.

Three other single models also got a trotting out, starting with the HC-X900M, for those who find just one MOS simply isn't enough. The HC-X900M is Panasonic's new full HD 3MOS video shooter and is the follow up to last year's HDC-HS900. Full 1080p at 28Mbps is complemented by Panasonic's new 3MOS System Pro imaging system, which it claims reduces noise by 40 percent over the HDC-HS900. To round out the features we have 32GB onboard storage (with SD expansion), improved O.I.S., zoom mic functionality (linked to the zoom action) and a 1,150,000-dot 8.8-cm / 3.5-inch LCD.

Next up is the waterproof HX-WA2, which will survive a three meter dip in the pool (or nine feet, eight inches). Other treats for adventurous types include 14 megapixel stills shooting, a panoramic mode (simply pan the camera up,down,left and right) and 15x zoom. Oh and will it will be available in blue or orange, of course.

Last, and kinda least is the HC-V10, a compact HD cam for those on-the-go moments. With iA auto mode and pre-rec function -- that starts recording when you aim at a subject -- this model is clearly built with those OMG youtube moments in mind. You also get a crazy 63x optical zoom and a choice of colors: black, silver or red.

There's no word on price or availability yet, but Panasonic tells us it'll part with these crucial details at least 30 days prior to when the devices finally ship. In the meantime you can check the full PRs below for more info.

Continue reading Panasonic refreshes HD camcorder range: 3MOS, 1MOS and Waterproof offerings

Panasonic refreshes HD camcorder range: 3MOS, 1MOS and Waterproof offerings originally appeared on Engadget on Mon, 09 Jan 2012 18:45:00 EDT. Please see our terms for use of feeds.

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Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/tBa7R8BuFSs/

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Acer teases us with a 1080p, quad-core tablet

By Rosa Golijan

Matt Rivera/msnbc.com

Acer decided to give us a little bit of a tease during its press conference at CES 2012. Just as we thought the show was over, Acer's Campbell Kan quickly flashed us a shiny new gadget ??the next-generation Iconia Tab tablet.

We were told that the device has a 1080p display and a quad-core processor before it was quickly hidden from sight.

No further details were provided about the device, but the brief peek was enough to catch our interest.

Related stories:

Want more tech news, silly puns, or amusing links? You'll get plenty of all three if you keep up with Rosa Golijan, the writer of this post, by following her on?Twitter, subscribing to her?Facebook?posts, or circling her?on?Google+.

Source: http://gadgetbox.msnbc.msn.com/_news/2012/01/08/10055894-acer-teases-us-with-a-1080p-quad-core-tablet

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Use the Ten Second Rule to Cut Impulse Purchases [Shopping]

Use the Ten Second Rule to Cut Impulse PurchasesNo matter how frugal you think you are, most of us make silly impulse purchases now and again. If you want to cut down on those types of purchases, frugal living blog The Simple Dollar recommends using the ten second rule to stop and ask yourself a few questions before you buy.

The idea is pretty simple. By pausing a bit before heading to the counter, you can review the purchase in your head for a few seconds and make sure it's something you really need or want. You can ask yourself a few questions too:

Do I actually need this item? Does it cause any sort of fulfillment in my life that isn't already achieved by the things I currently own? Could I not put the cost of this item to better use?

If you're trying to cut out spontaneous purchases, it's a clever and simple way to do so. Photo by Jetalone.

Master the Ten Second Rule | The Simple Dollar

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/hs6HUfmLaWs/use-the-ten-second-rule-to-cut-impulse-purchases

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