New technologies often go through a honeymoon phase where educators hold them up as the futuristic savior of learning. Today teachers can't get enough of those Kindles, iPads and MOOCs which promise to radically change education for generations to come. But this line of thinking has a long history.
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ISTANBUL (Reuters) - A hot-air balloon flying over Cappadocia, a tourist destination in central Turkey, crashed after colliding with another balloon on Monday, killing a Brazilian passenger and injuring 24 other people, the Anatolian news agency said.
The accident occurred near the city of Nevsehir. Most of the injured were being treated for broken bones but one was in critical condition,
Cappadocia is famous for its geological features called fairy chimneys. Balloon rides are a popular way to see the cone-like formations, created by the erosion of volcanic ash around them.
(Writing by Ece Toksabay, editing by Ayla Jean Yackley and Angus MacSwan)
Source: http://news.yahoo.com/brazilian-killed-hot-air-balloon-crash-turkey-111525358.html
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NEW YORK (AP) ? Steven Soderbergh is working on a new currency.
In his Chelsea studio, among various film posters and piles of moviemaking mementos, he has a few paintings in progress, including a new, livelier, "more Hendrix" version of a U.S. dollar bill. It's only one of the many artistic endeavors he bounces between now that he's begun his long-predicted hiatus from filmmaking.
On Tuesday, he will bring his Liberace film, "Behind the Candelabra," to the Cannes Film Festival, where it will compete for the same Palme d'Or he won 24 years ago for his first film, "Sex, Lies and Videotape."
Soderbergh has said this ? a $23 million HBO movie starring Michael Douglas as the flamboyant pianist and Matt Damon as his lover, Scott Thorson, airing Sunday in the U.S. ? will be his last film, at least for now. The 50 year-old's career in film ? 26 protean features including "Out of Sight," ''Traffic" and the "Ocean's" franchise ? will effectively conclude in Cannes, the same place it was internationally launched.
"It's not often you get the opportunity to arrange that kind of symmetry," Soderbergh says. "It's funny to think about how long ago that was."
Shortly after Soderbergh began tweeting a sparse novella and gave a remarkable speech at the San Francisco Film Festival in which he vented his frustration at Hollywood studios, he sat for a lengthy interview as he steps away from movies. "In theory," he says, "I'm finished."
AP: When you look back on your filmography, what do you think of it?
Soderbergh: It feels like one big movie to me, like chapters of a novel. There's continuity. There's evolution. I shot "Sex, Lies" in 35 days and "Candelabra" in 30 days. I'm more economical. I'd probably make them all a few minutes shorter. Shorter is always better.
AP: The break from movies you've long talked about is now effectively underway. How's it going?
Soderbergh: It's been a little quieter for me. My wanting to consider what my relationship to movies is can sort of happen while I'm doing this other stuff. . It's hard for me to do nothing.
AP: You've recently tweeted a novella, "Glue," and given a wide-ranging speech about how Hollywood could function better.
Soderbergh: It was kind of an opportunity to organize in one place a lot of thing I've either said in interviews or bars. It was just a way for me to structure it all, get it out and close the door on it. . As I walked out the door, I felt there were some things I wanted to memorialize about what I've seen.
AP: It felt like a goodbye.
Soderbergh: I spend a lot of time trying to figure out how I can optimize my process as a filmmaker, and I haven't seen a lot of effort expended on the part of the studios to optimize their process. And I don't understand it. . The biggest stumbling block to this paradigm being revised is the cost of putting a mainstream movie out. It's truly the tail that's wagging the dog. It's influencing every decision at every level. I can't believe ? unless there's some aspect of the relationship between the studios and the theater owners that I'm not aware of ? that this is the only way it can be done.
AP: Is your stepping back motivated equally by industry frustration and by your desire to grow in some new way as a filmmaker?
Soderbergh: Yeah, absolutely, it's a combination of a lot of different things. Some of them have to do with the way the business is working now, some of them have to do with me just wanting a break from the social aspect of it. The fact that you're the target for tens of thousands of questions. It's a very intense process and you can feel worn down after a while. And then my own feelings just about the grammar of it, the language of it: Is there some other way to transmit and release information that isn't so prescribed? It's quite possible that I could end up making something that is designed more to be seen in a museum than a movie theater.
AP: Was there something you were bumping up against that made you feel like you weren't evolving?
Soderbergh: It felt like: I need to tear everything down and start over. I've been thinking about that and thinking about what it might be. I want to take advantage of what people bring to a movie when they watch a movie. The fact that we're so image driven and that we've been watching images since we were infants, and we have associations that are carried with them. I want to figure out a way to take advantage of that, so that I'm sort of using those associations as fuel for what I want to do. I think that's going to require me taking some time to think about what those associations are, how I can use them, how I can build off of them, how I can subvert them. And see if there's some way that I can reverse engineer a narrative in which you, by the end of it, understand everything that happened but you're not quite sure how or why you did.
AP: It seems your search for a new kind of narrative is connected to what you've said about the confusing, fractured nature of life today.
Soderbergh: Especially in this country now, it's really hard not to look around and go: What the hell is going on? Is it possible to get anything done? Is the center of this country going to hold or is it just going to be completely marginalized by extremists on every side of every issue? I don't know. I'm alarmed.
AP: The private sexuality of "Behind the Candelabra" bears some similarities to "Sex, Lies."
Soderbergh: It was a great way to express my appreciation for a kind of movie I've watched my whole life but never got to make, which is kind of a melodrama. I looked at as being in line with all the Douglas Sirk movies and "Sunset Blvd." and "All About Eve" and "Valley of the Dolls." . It was interesting to look around and wonder when I'll be doing this again.
AP: What will you miss the most?
Soderbergh: Editing.
AP: What's surprising about you stepping away from filmmaking is that you seem to relish the process so much, shooting and editing your own films.
Soderbergh: I have a plan. I have an idea of how it can go, and I'm willing to throw it all out at a moment's notice to go somewhere else with it. I expect to discover things. I expect accidents. I expect something that somebody suggests or says will move me in another direction. I'm creating an environment in order to conjure that kind of things. I want my experience of making something to be fluid and to be surprising. I want it to come alive in front of me.
AP: Some filmmakers spend years carefully constructing the films they hope will be masterpieces. That kind of approach has never been appealing to you?
Soderbergh: No, mostly because it makes my work worse. I discovered early on, the more time I had to mull something over, the worse it got ? or the more insular it got, the more introspective, the more self-conscious. I needed to treat it like a sport.
AP: HBO picked up "Candelabra" after no studio would take it, and you're currently contemplating several TV projects. Are you excited about television?
Soderbergh: Very. Very. There's a lot of great stuff being made. You can go narrow and deep, and I like that. And this is all David Chase. He single-handedly rebuilt the landscape. Anything that's on now that's any good is standing on his shoulders. I don't hear anybody talking about movies the way they talk about TV right now. . Knowing that I can't swim upstream forever, it seems to me that if I want to work, that I need to move to a medium in which the way I like to do things is viewed as a positive and not a negative.
___
Follow AP Entertainment Writer Jake Coyle on Twitter at: http://twitter.com/jake_coyle
Source: http://news.yahoo.com/ap-interview-soderbergh-quitting-movies-111400818.html
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JOHANNESBURG (AP) ? Nelson Mandela, old and frail, lives in seclusion in his Johannesburg home. Beyond the high walls of the house, the fighting over his image and what he stood for has already begun.
The sense of possibility that Mandela embodied is fading as a gulf between rich and poor widens. Many South Africans believe their leaders are out to help themselves and not the nation, which showed such promise when it broke the shackles of apartheid by holding the first all-race elections in 1994 and putting Mandela, who had been jailed for 27 years by the country's racist leaders, into the presidency.
In a remarkable achievement, South Africa has held peaceful elections since the end of apartheid. But it is struggling on other fronts.
Last year, corruption deprived the country of nearly 1 billion rand ($111 million) in taxpayers' money, according to a recent report. In one of the latest scandals to shake South Africans' confidence in their government, authorities let a chartered plane carrying about 200 guests from India land at a South African air force base ahead of a lavish wedding hosted by a politically connected family.
South Africans, worried about graft, high unemployment and other problems, tend to compare their current leadership with the virtually unassailable record of Mandela as a freedom fighter and South Africa's first black president. No small wonder, then, that politicians and even family members are moving to use that image for their own benefit.
Mandela no longer speaks publicly. He retired after a single term as president that ended in 1999 then worked for some years as an advocate for peace, awareness for HIV/AIDS and other causes. His last public appearance on a major stage was in 2010, when South Africa hosted the soccer World Cup.
Last month, President Jacob Zuma and other leaders of the ruling African National Congress party visited Mandela. After the encounter at Mandela's home, Zuma cheerily said the 94-year-old was up and about, in good spirits and doing well. But the images carried by state TV showed Mandela sitting with a blanket covering his legs, silent and unmoving with his cheeks showing what appear to be marks from a recently removed oxygen mask. Mandela did not acknowledge Zuma, who sat right next to Mandela.
The footage unsettled some viewers who considered the visit to be a stunt to make Zuma look good. A cartoon in The Star newspaper depicted a leering Zuma holding a clothes hanger from which the once robust Mandela dangled limply, eyelids sagging. The ANC insisted it had no ulterior motive ahead of elections next year, and that it was only showing respect for a living national treasure.
For their part, ANC supporters said the opposition was crassly capitalizing on the Mandela name to get support when the Democratic Alliance party published a pamphlet showing an old photograph of Mandela embracing Helen Suzman, an anti-apartheid activist whose party was a forerunner of the DA.
Retired Anglican Archbishop Desmond Tutu, who like Mandela won the Nobel Peace Prize for being a leader in the struggle against apartheid, later clashed swords with the ANC when he spoke about Mandela's eventual passing.
"The best memorial to Nelson Mandela would be a democracy that was really up and running; a democracy in which every single person in South Africa knew that they mattered, and where other people knew that each person mattered," The Mail & Guardian, a South African newspaper, quoted Tutu as saying in a May 10 article.
Tutu said South Africa needs political change and that criticism of the ANC has so far been muted because South Africans felt it would be a "slap in the face to Mandela" who once headed the liberation movement-turned political party.
The ANC's youth league disputed Tutu's assertion that the ruling party had failed to deliver.
"Young people, who constitute a large voting bloc in the country, expect the Archbishop and other leaders to speak truth anchored by reality and facts and not anecdotal information based on creativity and imagination," the league said in a statement.
The government, however, has said unemployment in the first quarter of this year was just over 25 percent, a figure that analysts say has been caused by weak economic growth and layoffs in the troubled mining sector and other industries. Also, protests against poor delivery of water, electricity and other government services periodically erupt in some South African communities.
Across South Africa, Mandela's face is a familiar sight, beaming from T-shirts, drink coasters and new banknotes. South African bridges, hospitals and schools carry Mandela's name. Statues of him abound, including a towering bronze one in Nelson Mandela Square in a posh shopping complex in the wealthy Johannesburg suburb of Sandton.
Perhaps not surprisingly, the Mandela name is also being used commercially by members of his family. There is a "House of Mandela" wine label and two granddaughters are starring in a U.S. television reality show titled "Being Mandela."
Some family members are trying to oust several old allies of the former president from control of two companies. That dispute is headed for the courts, though the old Mandela associates, including human rights lawyer George Bizos, want the case to be dismissed.
Mandela's stellar record can be easily mined in commercial branding, which is based on a "notion of perfection around a set of ideas," said Michael J. Casey, author of "Che's Afterlife: The Legacy of an Image."
The book tells how the famous photograph of the bearded, Argentine-born revolutionary in a beret evolved into a global symbol and brand, seized upon by political activists, sales executives and all manner of other people for whom it resonated, or who wanted to make money from it.
"The narrative around Mandela is a man who stuck to his guns in terms of the struggle," said Casey, who noted that some people bestow a "level of deity" on such transcendent figures.
"You want him to live for the man that he was," Casey said. "It's not to say that he's not a great man, but nobody's perfect."
Already, that sort of personification by artists is turning, well, cartoonish.
For a music video, South African dance DJ Euphonik matched a beat with part of the recording of Mandela's 1964 speech in the sabotage trial at which he was sentenced to life imprisonment.
"I have fought against white domination, and I have fought against black domination," a cartoon Mandela intones in the music video. Limber and white-haired, he busts a few moves on the dance floor.
Source: http://news.yahoo.com/south-africa-mandela-name-pulled-politics-160416511.html
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CANNES, France (AP) ? Joel and Ethan Coen had almost given up on casting the lead for their film "Inside Llewyn Davis." The part, a folk musician in early 1960s Greenwich Village, demanded the elusive combination of someone who could both carry a movie and perform the songs central to the film.
Then they met Oscar Isaac.
"It just didn't happen until he walked in the room," says Joel Coen. "There was a point at which we wondered if we'd written something that was essentially impossible to cast."
The Coens have long been known for their casting acumen, but they may have outdone even themselves with Isaac, a 33-year-old, Juilliard-trained actor with a few notable credits to his name but nothing on par with a major Coen brothers release. The film was greeted ecstatically at the Cannes Film Festival at its Sunday premiere, with Isaac hailed as the festival's breakout star and a possible Oscar nominee.
"I finally got the shot," Isaac said in an interview. "And I got it in this context, which is more than I honestly could have ever imagined for myself."
In the film, Isaac plays Llewyn Davis, a character very loosely modeled on folk musician Dave Van Ronk. Despite his evident talent for personal songs with traditional folk influences, he's an artist just barely out of step with history. Bitter and increasingly frustrated, he's a raging failure, missing his moment, one instead grabbed by Bob Dylan.
For many, Isaac's story is kind of an inverse of Llewyn. He is a young actor who gets his chance ? "his minute," says music supervisor T Bone Burnett ? and takes advantage of it.
"The whole story is about a guy who never gets there," says Burnett, the frequent Coen collaborator. "And yet the actual person who's playing that guy, does it. He seizes that minute like a motherf-----."
Isaac isn't as sarcastic or as antagonistic as Llewyn: "My energy toward people is very much like 'I mean you no harm,'" he says. And he's trying not to get too far ahead himself with his rousing success at Cannes. His instinct, he says, "is always to diminish any good thing, so as not to be devastated later."
While Isaac says that he identifies with the role fortune and opportunity plays in catching a break, he more associates with the workmanlike attitude of both Llewyn and the Coens. For him, it was as much about gradually working toward "Llewyn Davis" as it was landing a single break.
"I remember when I was getting out of school, I was like, 'If they just gave me one shot. If they gave me the one shot, oh man, I know I can do it,'" he says. "Then I got my first movie and it came and it went, and I was like, 'If they just gave me one more shot, just another shot.' Then I started getting work, and I realized it's not about that. It's not about the shot. It's about work."
Born in Guatemala and raised in Florida, Isaac grew up playing in a variety of bands as a guitarist and singer, everything from ska to a hardcore band in which he sported blue hair. But since coming out of Juilliard, the New York actor has found his musical talents valuable in Hollywood. He also played a musician in the direct-to-DVD high school reunion comedy "10 Years."
His most notable previous credits include Madonna's British period film "W.E." and Nicolas Winding Refn's neo-noir "Drive," in which he played the formerly incarcerated husband of Carey Mulligan's character. (Mulligan co-stars in "Inside Llewyn Davis," along with Justin Timberlake.)
But when he heard about the Coens' film, he knew that his combination of skills was perfectly suited to the part.
"I said: I have to get a shot at this movie because I feel like my 33 years of life have been preparing me to do something like this," says Isaac.
He first submitted a recording of himself performing the traditional blues ballad, "Hang Me, Oh Hang Me," which Llewyn plays in the film. He auditioned for a casting director and then later for the Coens. Usually, as a guard against later disappointment, Isaac immediately tosses a script after an audition. But he didn't this time, and kept working on the part for the next month before Joel Coen called to tell him he got the part.
His preparation included performing the film's songs, like Llewyn, in downtown New York clubs. Buster Keaton was an influence in forming a "mask of melancholy."
"I would go to parties with that and try to interact with people with that," says Isaac. "It's tough because it's not about being cool. In a way, it's just about being very open and very up front with who you are. That was a scary place to live in."
But the music was central to character, a kind of window into Llewyn's soul. A bit of advice from Burnett (who also did the music for the Coens' "O Brother, Where Art Thou?") was crucial: "Sing like you're singing to yourself."
Along with Burnett, Isaac collaborated with Timberlake and Marcus Mumford. Using the parlance of musicians, Timberlake said Isaac "threw it down" in his performance.
"It felt like a little bit of serendipity," Timberlake says of the Cannes reception to Isaac. "Just seeing the looks on people's faces looking at him like, 'Where did you come from?' It felt like: 'Llewyn finally made it.'"
Moviegoers will surely become more familiar with Isaac when CBS Films releases "Inside Llewyn Davis" this December in the heart of awards season. (He also co-stars alongside Kirsten Dunst and Viggo Mortensen in the upcoming thriller "Two Faces of January.")
"Why this movie is so personal ? I think to all of us ? is because of the recognition that it just as easily can go the other way," Isaac says.
"There's very few geniuses that are shooting across the sky like Shakespeare or Dylan. The rest of us, it's like you have to work and be talented, but you got to be lucky for a lot of this stuff to happen."
___
Follow AP Entertainment Writer Jake Coyle on Twitter at: http://twitter.com/jake_coyle
Source: http://news.yahoo.com/coens-cannes-hit-oscar-isaac-gets-break-134149838.html
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Virginia?s marquee governor?s race got a jolt of the unexpected on Saturday, as Republicans added E.W. Jackson, a political novice and evocative conservative firebrand, as the GOP?s lieutenant governor nominee alongside lightning rod gubernatorial candidate Ken Cuccinelli.
But whether that jolt will be a burst of enthusiasm from Mr. Jackson, a minister and attorney, or a fatal shock to a ticket Democrats already derided as extreme and out-of-touch will be a fundamental part of the commonwealth?s 2013 gubernatorial race.
?It?s like the Herman Cain phenomenon,? said Quentin Kidd, a Virginia political analyst and pollster at Christopher Newport University, ?only this time he only got the nomination.?
RECOMMENDED: Focus Republican Party 2.0: 4 GOP leaders share ideas for political upgrade
The nomination of Jackson and the fate of a ticket lead by Mr. Cuccinelli, no stranger to incendiary rhetoric himself, emphasizes Virginia?s place in the middle of the Republican Party?s ongoing debate about whether electoral success will come through bolder conservative champions or less ideologically rigid candidates.
?Cuccinelli may be drawn into the Jackson orbit in a way that he doesn?t want to be,? says Professor Kidd.
That could prevent Cuccinelli from emphasizing the economic issues and the more personal side of his campaign, which he has highlighted in recent weeks.
Want your top political issues explained? Get customized DC Decoder updates.
On the other hand, ?Cuccinelli may be able to tack to the middle by contrasting with Jackson,? Kidd says, and in that way the lieutenant governor ?could provide a very helpful foil to Ken Cuccinelli as well.?
Jackson?s addition to the ticket underlined where the Virginia GOP stands in the Republican Party?s ongoing discussion about its future: In the commonwealth, conservatives showed they wanted a more forthright, defiant brand of conservatism.
?I think we learned that the conservative core is far more conservative than people thought it was? in Virginia, Kidd says.
Jackson?s meteoric rise, helped along by a fiery speech on Saturday afternoon, was met with a withering critique from Democrats.
The party?s first African-American nominee for statewide office since the 1980s was savaged by Democrats over his history of incendiary statements on a number of topics ? he once likened Planned Parenthood to the Klu Klux Klan, said that President Obama harbors ?Muslim sensibilities,? and has made a host of statements deriding homosexuality.
?Frankly, I?m rather appalled with the results, with the ideologically narrow scope of the Republican ticket that emerged from Richmond this weekend,? said Vince Callahan, a long-time Republican state legislator who is backing this year?s Democratic nominee, Terry McAuliffe, on a conference call with reporters.
?You?re turning off not only the vast majority of all Virginians but a significant portion of the Republican base," he added.
Jackson is going to have to stand for his record, said Chris Jankowski, the president of the Republican State Leadership Committee, which works to elect Republicans at the lieutenant governor level and lower.
?I saw some things yesterday that I hadn?t seen [about Jackson?s past statements]," said Mr. Jankowksi at a discussion with reporters on Monday.
?No matter how deeply held our views our, politics is about addition and not subtraction,? said Jankowski, a veteran of Virginia politics who attended the convention. ?You want to find the common ground and build on that ? and to the extent your tone does not build on finding a common ground, that is not helpful.?
However, Democratic insistence on fighting over social issues was more to distract from that party?s candidate, Terry McAuliffe, than it was a substantive critique of commonwealth conservatives, Jankowski said.
?This will be a negative race and [Democrats] will play the social issues as much as possible,? Jankowski said. ?We have to keep it on jobs and the role and size and scope of government and remind [voters] that, generally, people think Richmond?s on the right track.?
Mr. McAuliffe, a former mega fundraiser for the Democratic Party who has shown an entrepreneurial streak in recent years, has had his own words thrown back at him as well, including passages from his book where he describes stopping off at an event for party donors on the way home from the hospital with his wife and newborn child.
Helping Jackson?s rise considerably was the party?s decision to hold a convention rather than a statewide primary ? and to hold it the same weekend as major graduations at several of the commonwealth?s largest universities. These decisions gave more influence to the party?s most committed activists, many of whom spent 12 hours battling, ballot after ballot, to determine the nomination for lieutenant governor.
?I think everyone thought that he was sort of a heart-and-soul vote,? says Kidd of Jackson.
Other options were Pete Snyder, a wealthy Northern Virginia marketing entrepreneur, or Corey Stewart, the head of a Northern Virginia Board of County Supervisors. Either would have come with far less political baggage and represented in broad strokes, at least, the type of business-friendly Republican that has long prospered in the Old Dominion.
Republican Gov. Bob McDonnell, who himself took some critiques for past social views during his 2009 campaign, ran and won convincingly on his ?Bob?s for Jobs? theme. He recently brokered a bipartisan transportation deal that had eluded at least a half-dozen of his predecessors.
But the commonwealth?s political history offers some strong indicators that Republicans could triumph in 2013. The state has a long-running streak of electing a governor of the opposite party of the president, for one.
Even if Jackson proves too strident for the overall electorate, Kidd points out that Virginia voters are willing to take only the parts of the ticket they like: Virginians put Republican George Allen in the governor?s mansion in 1993 and future GOP governor Jim Gilmore in the attorney general?s office ? but rejected the more right-wing Michael Ferris for lieutenant governor.
There?s also Cuccinelli?s particular history to consider. The man who was always too unyielding to win has made political staying power a habit over his career, once holding on to his Northern Virginia seat in the state Senate by under 100 votes.
?They?ve been writing him off and writing him off,? said Janowski, ?and he always surprises you.?
RECOMMENDED: Focus Republican Party 2.0: 4 GOP leaders share ideas for political upgrade
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Source: http://news.yahoo.com/fiery-nominee-brings-herman-cain-phenomenon-virginia-governors-224426862.html
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Hearing Loss Prevention With Advanced earplugs
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HomeHealth & Fitness ArticlesEars Hearing ArticlesHearing Loss Prevention With Sophisticated earplugs http://www.comfyearplugs.com
Hearing Loss Prevention With Sophisticated earplugs
By Gladeya Smith on October 03, 2011
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CANNES, France (AP) ? Indian cinema is being feted in Cannes on its 100th birthday. But amid the celebrations, the B-word ? "Bollywood" ? remains controversial.
The French film festival has rolled out the red carpet for Indian cinema this year, with events including a gala dinner and screening Sunday of "Bombay Talkies," a portmanteau movie with four directors and a star-studded cast including Rani Mukerji, Nawazuddin Siddiqui, Randeep Hooda and Saqib Saleem.
Several other Indian films are screening at the festival, which runs through May 26, including Amit Kumar's police-corruption story "Monsoon Shootout" and Anurag Kashyap's psychological thriller "Ugly" ? though none is in competition for the coveted Palme d'Or prize.
Indian stars such as Aishwarya Rai, Freida Pinto and Amitabh Bachchan ? who appears in festival opener "The Great Gatsby" ? have a significant presence at Cannes' red carpet galas and parties.
A hundred years after India released its first feature film "Raja Harischandra," the country has the world's most prolific film industry, turning out more than 1,000 movies a year and creating stars adored by millions around the world.
Now, its filmmakers want critical respect. Many feel the rest of the globe thinks Indian cinema is only limited to all-singing, all-dancing Bollywood extravaganzas.
"I just feel that the Indian film industry has its own identity and to be referred to in matching terms with Hollywood is perhaps not correct," Indian film icon Bachchan told reporters at a "Gatsby" press conference.
Filmmakers in the country of a billion people are keen to stress that Indian cinema is far more diverse than Bollywood ? both in terms of language and of style.
"If Indian cinema can break out of the shadow of Bollywood and be seen just as cinema from another country, like Thailand or Japan or Turkey, that would be the greatest achievement for Indian cinema," said Dibakar Banerjee, one of the four directors of "Bombay Talkies." ''And that's started to happen, so that's what I'm happy about."
"Bombay Talkies" is certainly no Bollywood romp.
One of its four sections focuses on a man's epic quest to meet Bachchan, while in another a young man longs to become a dancer. One centers on a failed actor struggling to prove his worth to his young daughter, and a fourth is about a man coming to terms with his sexuality.
That section features a gay kiss, a scene its director, Karan Johar, called a minor revolution for Indian cinema.
He said to have "two mainstream actors indulging in a scene like this ... That hasn't happened on a large scale like this before."
___
Associated Press Writer Reetu Rupal contributed to this report.
Jill Lawless can be reached at http://Twitter.com/JillLawless
Source: http://news.yahoo.com/cannes-rolls-red-carpet-indian-movies-163458301.html
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Public release date: 19-May-2013
Share ] Contact: Kevin Krajick
kkrajick@ei.columbia.edu
212-854-9729
The Earth Institute at Columbia University
Residents of Manhattan will not just sweat harder from rising temperatures in the future, says a new study; many may die. Researchers say deaths linked to warming climate may rise some 20 percent by the 2020s, and, in some worst-case scenarios, 90 percent or more by the 2080s. Higher winter temperatures may partially offset heat-related deaths by cutting cold-related mortalitybut even so, annual net temperature-related deaths might go up a third. The study, published this week in the journal Nature Climate Change, was done by a team at Columbia University's Earth Institute and the Mailman School of Public Health.
Studies of other cities have already projected adverse health effects from rising temperatures, but this is one of the most comprehensive so far. Unlike many others, it combines data from all seasons, and applies multiple scenarios to a local areain this case, the most densely populated county in the United States. "This serves as a reminder that heat events are one of the greatest hazards faced by urban populations around the globe," said coauthor Radley Horton, a climate scientist at the Earth Institute's Center for Climate Systems Research. Horton says that people need look no further for the potential dangers than the record 2010 heat wave that hit Russia, killing some 55,000 people, and the 2003 one that killed 70,000 in central and western Europe.
Daily records from Manhattan's Central Park show that average monthly temperatures already increased by 3.6 degrees Fahrenheit from 1901 to 2000substantially more than the global and U.S. trends. Cities tend to concentrate heat; buildings and pavement soak it up during the day and give it off at night. Many records have been set in Manhattan recently; 2012 was its warmest year on record, and in each of the past three years, it has seen temperatures at or above 100 degrees F. Projections for the future vary, but all foresee steep future average increases : 3.3 to 4.2 degrees F more by the 2050s, and 4.3 to 7.1 degrees by the 2080s.
To make mortality estimates, the researchers took temperature projections from 16 global climate models, downscaled these to Manhattan, and put them against two different backdrops: one assuming rapid global population growth and few efforts to limit emissions; the other, assuming slower growth, and technological changes that would decrease emissions by 2040. As a baseline for estimating temperature-related deaths, they used the 1980s, when an estimated 370 Manhattanites died from overheating, and 340 died from cold.
No matter what scenario they used, the projections suggested increased mortality. In the 2020s for instance, numbers produced from the various scenarios worked out to a mean increase of about 20 percent in deaths due to heat, set against a mean decrease of about 12 percent in deaths due to cold. The net result: a 5 or 6 percent increase in overall temperature-related deaths. Due mainly to uncertainties in future greenhouse emissions, projections for the 2050s and 2080s diverge morebut in all scenarios mortality would rise steeply. The best-case scenario projects a net 15 percent increase in temperature-related deaths; the worst, a rise of 30-some percent. Assuming Manhattan's current population of 1.6 million remains the same, the worst-case scenario translates to more than 1,000 annual deaths.
The study also found that the largest percentage increase in deaths would come not during the traditionally sweltering months of June through August, but rather in May and Septemberperiods that are now generally pleasant, but which will probably increasingly become incorporated into the brutal dog days of summer.
Senior author Patrick Kinney, an environmental scientist at the Mailman School and Earth Institute faculty member, pointed out several uncertainties in the study. For instance, he said, things could be made better or worse by demographic trends, and how well New York adapts its infrastructure and policies to a warmer world. On one hand, future Manhattanites may be on average older and thus more vulnerable; on the other, New York is already a leader in efforts to mitigate warming, planting trees, making surfaces such as roofs more reflective, and opening air-conditioned centers where people can come to cool off. Kinney said there is already some evidence that even as city heat rose during the latter 20th century, heat-related deaths went down--probably due to the introduction of home air conditioning. "I think this points to the need for cities to look for ways to make themselves and their people more resilient to heat," he said.
The lead author of the study is Tiantian Li, an epidemiologist now at the Chinese Center for Disease Control and Prevention in Beijing, who did the work while serving as a postdoctoral researcher at the Columbia Climate and Health Program at Mailman, which Kinney directs.
###
The paper, "Projections of Seasonal Patterns in Temperature-Related Deaths for Manhattan, New York," is available from the authors or from Nature: Contact Neda Afsarmanesh n.afsarmanesh@us.nature.com 212-726-9231
Scientist contacts:
Patrick Kinney: plk3@columbia.edu 212-305-3663
Radley Horton: rh142@columbia.edu 646-320-9938
More information: Kevin Krajick, Senior Science Writer, The Earth Institute kkrajick@ei.columbia.edu 212-854-9729
The Earth Institute, Columbia University mobilizes the sciences, education and public policy to achieve a sustainable earth. http://www.earth.columbia.edu
[ | E-mail | Share ] ?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Public release date: 19-May-2013 Share ] Contact: Kevin Krajick
kkrajick@ei.columbia.edu
212-854-9729
The Earth Institute at Columbia University
Residents of Manhattan will not just sweat harder from rising temperatures in the future, says a new study; many may die. Researchers say deaths linked to warming climate may rise some 20 percent by the 2020s, and, in some worst-case scenarios, 90 percent or more by the 2080s. Higher winter temperatures may partially offset heat-related deaths by cutting cold-related mortalitybut even so, annual net temperature-related deaths might go up a third. The study, published this week in the journal Nature Climate Change, was done by a team at Columbia University's Earth Institute and the Mailman School of Public Health.
Studies of other cities have already projected adverse health effects from rising temperatures, but this is one of the most comprehensive so far. Unlike many others, it combines data from all seasons, and applies multiple scenarios to a local areain this case, the most densely populated county in the United States. "This serves as a reminder that heat events are one of the greatest hazards faced by urban populations around the globe," said coauthor Radley Horton, a climate scientist at the Earth Institute's Center for Climate Systems Research. Horton says that people need look no further for the potential dangers than the record 2010 heat wave that hit Russia, killing some 55,000 people, and the 2003 one that killed 70,000 in central and western Europe.
Daily records from Manhattan's Central Park show that average monthly temperatures already increased by 3.6 degrees Fahrenheit from 1901 to 2000substantially more than the global and U.S. trends. Cities tend to concentrate heat; buildings and pavement soak it up during the day and give it off at night. Many records have been set in Manhattan recently; 2012 was its warmest year on record, and in each of the past three years, it has seen temperatures at or above 100 degrees F. Projections for the future vary, but all foresee steep future average increases : 3.3 to 4.2 degrees F more by the 2050s, and 4.3 to 7.1 degrees by the 2080s.
To make mortality estimates, the researchers took temperature projections from 16 global climate models, downscaled these to Manhattan, and put them against two different backdrops: one assuming rapid global population growth and few efforts to limit emissions; the other, assuming slower growth, and technological changes that would decrease emissions by 2040. As a baseline for estimating temperature-related deaths, they used the 1980s, when an estimated 370 Manhattanites died from overheating, and 340 died from cold.
No matter what scenario they used, the projections suggested increased mortality. In the 2020s for instance, numbers produced from the various scenarios worked out to a mean increase of about 20 percent in deaths due to heat, set against a mean decrease of about 12 percent in deaths due to cold. The net result: a 5 or 6 percent increase in overall temperature-related deaths. Due mainly to uncertainties in future greenhouse emissions, projections for the 2050s and 2080s diverge morebut in all scenarios mortality would rise steeply. The best-case scenario projects a net 15 percent increase in temperature-related deaths; the worst, a rise of 30-some percent. Assuming Manhattan's current population of 1.6 million remains the same, the worst-case scenario translates to more than 1,000 annual deaths.
The study also found that the largest percentage increase in deaths would come not during the traditionally sweltering months of June through August, but rather in May and Septemberperiods that are now generally pleasant, but which will probably increasingly become incorporated into the brutal dog days of summer.
Senior author Patrick Kinney, an environmental scientist at the Mailman School and Earth Institute faculty member, pointed out several uncertainties in the study. For instance, he said, things could be made better or worse by demographic trends, and how well New York adapts its infrastructure and policies to a warmer world. On one hand, future Manhattanites may be on average older and thus more vulnerable; on the other, New York is already a leader in efforts to mitigate warming, planting trees, making surfaces such as roofs more reflective, and opening air-conditioned centers where people can come to cool off. Kinney said there is already some evidence that even as city heat rose during the latter 20th century, heat-related deaths went down--probably due to the introduction of home air conditioning. "I think this points to the need for cities to look for ways to make themselves and their people more resilient to heat," he said.
The lead author of the study is Tiantian Li, an epidemiologist now at the Chinese Center for Disease Control and Prevention in Beijing, who did the work while serving as a postdoctoral researcher at the Columbia Climate and Health Program at Mailman, which Kinney directs.
###
The paper, "Projections of Seasonal Patterns in Temperature-Related Deaths for Manhattan, New York," is available from the authors or from Nature: Contact Neda Afsarmanesh n.afsarmanesh@us.nature.com 212-726-9231
Scientist contacts:
Patrick Kinney: plk3@columbia.edu 212-305-3663
Radley Horton: rh142@columbia.edu 646-320-9938
More information: Kevin Krajick, Senior Science Writer, The Earth Institute kkrajick@ei.columbia.edu 212-854-9729
The Earth Institute, Columbia University mobilizes the sciences, education and public policy to achieve a sustainable earth. http://www.earth.columbia.edu
[ | E-mail | Share ] ?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Source: http://www.eurekalert.org/pub_releases/2013-05/teia-hdi051713.php
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Fatherhood as legitimate identity shared by specific men and their children can be dependent on domestic factors and behaviors. For example, a study of the relationship between fathers, their sons, and home computers found that the construction of fatherhood and masculinity required fathers display computer expertise
Source: http://myquoteshome.com/fatherhood-as-legitimate-identity-shared-by-specific-happy-fathers-day/
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Chart displays the rise in percentage of veteran disability claims for military sexual trauma that have been approved since 2011.
Chart displays the rise in percentage of veteran disability claims for military sexual trauma that have been approved since 2011.
WASHINGTON (AP) ? More than 85,000 veterans were treated last year for injuries or illness stemming from sexual abuse in the military, and 4,000 sought disability benefits, underscoring the staggering long-term impact of a crisis that has roiled the Pentagon and been condemned by President Barack Obama as "''shameful and disgraceful."
A Department of Veterans Affairs accounting released in response to inquiries from The Associated Press shows a heavy financial and emotional cost involving vets from Iraq, Afghanistan and even back to Vietnam, and lasting long after a victim leaves the service.
Sexual assault or repeated sexual harassment can trigger a variety of health problems, primarily post-traumatic stress disorder and depression. While women are more likely to be victims, men made up nearly 40 percent of the patients the VA treated last year for conditions connected to what it calls "military sexual trauma."
It took years for Ruth Moore of Milbridge, Maine, to begin getting treatment from a VA counseling center in 2003 ? 16 years after she was raped twice while she was stationed in Europe with the Navy. She continues to get counseling at least monthly for PTSD linked to the attacks and is also considered fully disabled.
"We can't cure me, but we can work on stability in my life and work on issues as they arrive," Moore said.
VA officials stress that any veteran who claims to have suffered military sexual trauma has access to free health care.
"It really is the case that a veteran can simply walk through the door, say they've had this experience, and we will get them hooked up with care. There's no documentation required. They don't need to have reported it at the time," said Dr. Margret Bell, a member of the VA's military sexual trauma team. "The emphasis is really on helping people get the treatment that they need."
However, the hurdles are steeper for those who seek disability compensation ? too steep for some veterans groups and lawmakers who support legislation designed to make it easier for veterans to get a monthly disability payment.
"Right now, the burden of proof is stacked against sexual trauma survivors," said Anu Bhagwati, executive director of the Service Women's Action Network. "Ninety percent of 26,000 cases last year weren't even reported. So where is that evidence supposed to come from?"
Defense Secretary Chuck Hagel has said reducing the incidence of sexual assaults in the military is a top priority. But it's a decades-old problem with no easy fix, as made even more apparent when an Air Force officer who headed a sexual assault prevention office was arrested on sexual battery charges.
"We will not stop until we've seen this scourge, from what is the greatest military in the world, eliminated," Obama said after summoning top Pentagon officials to the White House last week to talk about the problem. "Not only is it a crime, not only is it shameful and disgraceful, but it also is going to make and has made the military less effective than it can be."
The VA says 1 in 5 women and 1 in 100 men screen positive for military sexual trauma, which the VA defines as "any sexual activity where you are involved against your will." Some report that they were victims of rape, while others say they were groped or subjected to verbal abuse or other forms of sexual harassment.
But not all those veterans seek health care or disability benefits related to the attacks. The 85,000 who sought outpatient care linked to military sexual trauma during the latest fiscal year are among nearly 22 million veterans around the country.
The VA statistics underscore that the problems for victims of sexual abuse do not end when someone leaves the service.
Psychological issues, including PTSD, depression and anxiety, are most common, according to the agency. Victims also can develop substance abuse problems.
Some victims like Moore are so disabled that they are unable to work. Others need ongoing care at VA outpatient clinics and hospitals.
In the final six months of 2011, an average of 248 veterans per month filed for disability benefits related to sexual trauma. That rose by about a third, to 334 veterans per month in 2012, an increase the VA attributed in part to better screening for the ongoing trauma associated with sexual assault. Of those who filed in 2012, about two-thirds were women and nearly a third were men.
"We do a lot more awareness, and as we educate everyone on the potential benefits and that it's OK to come forward, I think you see an increase in reporting," said Edna MacDonald, director of the VA's regional office in Nashville.
To get disability benefits related to sexual trauma, veterans must be diagnosed with a health problem such as PTSD, submit proof that they were assaulted or sexually harassed in a threatening manner and have a VA examiner confirm a link to their health condition.
Many lawmakers and veterans groups support allowing a veteran's statement alone to serve as the proof that an assault or harassment occurred. An examiner would still have to find there's a link to the health condition diagnosed.
The VA's records indicate that veterans seeking compensation related to military sexual trauma had about a 1 in 2 chance of getting their claim approved last year, up from about 34 percent in June 2011.
The VA does not break out the cost of treating and compensating individual veterans for sexual abuse or trauma. A veterans combination of disabilities are unique to each individual, so it's not able to attribute specific spending levels for individual disabilities.
Benefits depend on the severity of the disability. For example, a veteran with a 50 percent rating and no dependents would get $810 a month. A veteran with a 100 percent rating and a spouse and child to support would get nearly $3,088 a month.
Moore estimates the government's cost for her disability benefits and treatment could well exceed $500,000 over the course of her lifetime.
It wasn't until June 2011 that the VA began recording monthly disability claims related specifically to military sexual trauma. Veterans file claims for conditions that are a result of the trauma, not for MST itself, which made it particularly difficult to track. The VA came up with a special process for doing so in 2010.
There's no time limit to filing a claim. "We have veterans who call our help line who have been assaulted way back in time. They're still suffering from the effects of World War II or Vietnam. I wish I were exaggerating," said Bhagwati, whose organization advocates for female veterans.
The VA's undersecretary for benefits, Allison Hickey, a 27-year veteran and former Air Force general, has required all workers handling disability claims to undergo sensitivity training in dealing with military sexual trauma.
Hickey also assembled a task force to review the claims process for veterans claiming sexual assault or harassment while serving in the military. The group looked at 400 claims and determined that nearly a quarter were denied before all the evidence was presented. That led to another training program on the evidence needed or establishing a PTSD claim connected to military sexual trauma. The approval rate is now much closer, though still slightly behind that for other PTSD claims.
Even though the VA's statistics indicate that a greater percentage of military sexual trauma are getting benefits, lawmakers believe more action is required.
"If half of them are being denied their claims, that's still a lot of people, said Rep. Chellie Pingree, D-Maine.
Pingree and Sen. Jon Tester, D-Mont., are the lead sponsors of the legislation that would allow the veteran's word to serve as sufficient proof that an assault occurred. The legislation is named after Moore, who spent years fighting for disability benefits.
The VA originally opposed Pingree's bill, saying the legislation didn't allow for the minimal evidence "needed to maintain the integrity of the claims process." But VA spokesman Josh Taylor said Thursday that there's been a change of heart and that the VA no longer opposes the legislation.
"VA supports the goals of the legislation, and will continue to work with Congress on the best approach to accomplish it," Taylor said.
An amended version of Pingree's bill passed the House Committee on Veterans' Affairs two weeks ago and could go to the full House as early as this week. The bill no longer requires the department to alter its regulations for military sexual trauma claims. Instead, the bill says that it's Congress' sense that the VA should update and improve its regulations regarding military sexual trauma. And until it does, it must meet extensive reporting requirements, which include a monthly report to all veterans who have submitted a claim that would, among other things, detail the number of claims relating to MST that were granted or denied, the three most common reasons for a denial and the average time it took to process a claim.
Supporters are hoping that the reporting requirements prove so cumbersome that the VA agrees to ease the evidentiary burden for the veterans.
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A South Korean army soldier passes by a barbed-wire fence in Paju, South Korea, near the border village of Panmunjom, Sunday, May 19, 2013. The South Korean military on Sunday have beefed up monitoring on North Korea and are maintaining a high-level of readiness to deal with any risky developments to guard against possibilities of additional missile launches and other types of provocations. (AP Photo/Ahn Young-joon)
A South Korean army soldier passes by a barbed-wire fence in Paju, South Korea, near the border village of Panmunjom, Sunday, May 19, 2013. The South Korean military on Sunday have beefed up monitoring on North Korea and are maintaining a high-level of readiness to deal with any risky developments to guard against possibilities of additional missile launches and other types of provocations. (AP Photo/Ahn Young-joon)
South Korean army soldiers look through telescopes at a military check point in Paju, South Korea, near the border village of Panmunjom, Sunday, May 19, 2013. The South Korean military on Sunday have beefed up monitoring on North Korea and are maintaining a high-level of readiness to deal with any risky developments to guard against possibilities of additional missile launches and other types of provocations. (AP Photo/Ahn Young-joon)
South Korean students riding bicycles pass by army soldiers on Unification Bridge in Paju, South Korea, near the border village of Panmunjom, Sunday, May 19, 2013. The South Korean military on Sunday have beefed up monitoring on North Korea and are maintaining a high-level of readiness to deal with any risky developments to guard against possibilities of additional missile launches and other types of provocations. (AP Photo/Ahn Young-joon)
SEOUL, South Korea (AP) ? North Korea fired a projectile into waters off its eastern coast Sunday, a day after launching three short-range missiles in the same area, officials said.
North Korea routinely test-launches short-range missiles. But the latest launches came during a period of tentative diplomacy aimed at easing recent tension, including near-daily threats by North Korea to attack South Korea and the U.S. earlier this year. North Korea protested annual joint military drills by Seoul and Washington and U.N. sanctions imposed over its February nuclear test.
The fourth launch occurred Sunday afternoon, according to officials at Seoul's Defense Ministry and Joint Chiefs of Staff. The officials, who spoke on condition of anonymity citing department rules, refused to say whether it was a missile or artillery round.
On Saturday, North Korea fired two short-range missiles in the morning and another in the afternoon. The U.S. responded by saying threats or provocations would only further deepen North Korea's international isolation, while South Korea called the launches a provocation and urged the North to take responsible actions.
The North has a variety of missiles but Seoul and Washington don't believe the country has mastered the technology needed to manufacture nuclear warheads that are small and light enough to be placed on a missile capable of reaching the U.S.
U.S. officials said the North has recently withdrawn two mid-range "Musudan" missiles believed to be capable of reaching Guam after moving them to its east coast during the recent tensions.
The Korean Peninsula officially remains in a state of war because the 1950-53 Korean War ended with an armistice, not a peace treaty. South Korea's Defense Ministry said Sunday it has deployed dozens of Israeli-made precision guided missiles on front-line islands near the disputed western sea boundary as part of an arms buildup begun after a North Korean artillery strike on one of the islands in 2010 killed four South Koreans.
___
Associated Press writer Sam Kim contributed to this report.
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BAGHDAD (AP) ? A wave of attacks killed at least 86 people in Shiite and Sunni areas of Iraq on Monday, officials said, pushing the death toll over the past week to more than 230 and extending one of the most sustained bouts of sectarian violence the country has seen in years.
The bloodshed is still far shy of the pace, scale and brutality of the dark days of 2006-2007, when Sunni and Shiite militias carried out retaliatory attacks against each other in a cycle of violence that left the country awash in blood. Still, Monday's attacks, some of which hit markets and crowded bus stops during the morning rush hour, have heightened fears that the country could be turning back down the path toward civil war.
Sectarian tensions have been worsening since Iraq's minority Sunnis began protesting what they say is mistreatment at the hands of the Shiite-led government. The mass demonstrations, which began in December, have largely been peaceful, but the number of attacks rose sharply after a deadly security crackdown on a Sunni protest camp in northern Iraq on April 23.
Iraq's Shiite majority, which was oppressed under the late dictator Saddam Hussein, now holds the levers of power in the country. Wishing to rebuild the nation rather than revert to open warfare, they have largely restrained their militias over the past five years or so as Sunni extremist groups such as al-Qaida have targeted them with occasional large-scale attacks.
But the renewed violence in both Shiite and Sunni areas since late last month has fueled concerns of a return to sectarian warfare. Monday marked the deadliest day in Iraq in more than eight months, and raised the nationwide death toll since last Wednesday alone to more than 230 people, according to an AP count.
Prime Minister Nouri al-Maliki accused militant groups of trying to exploit Iraq's political instability to exacerbate sectarian tensions at home, and also blamed the recent spike in violence on the wider unrest in the region, particularly in neighboring Syria. At the same time, he pledged Monday that insurgents "will not be able to bring back the atmosphere of the sectarian war."
Many Sunnis here contend that much of the country's current turmoil is rooted in decisions made by al-Maliki's government, saying his administration planted the seeds for more sectarian tension by becoming more aggressive toward Sunnis after the U.S. military withdrawal in December 2011.
The worst of Monday's violence took place in Baghdad, where ten car bombs ripped through open-air markets and other areas of Shiite neighborhoods, killing at least 48 people and wounding more than 150, police officials said. In the bloodiest attack, a parked car bomb blew up in a busy market in the northern Shiite neighborhood of Shaab, killing 14 and wounding 24, police and health officials said.
The surge in bloodshed has exasperated Iraqis, who have lived for years with the fear and uncertainty bred of random violence.
"How long do we have to continue living like this, with all the lies from the government?" asked 23-year-old Baghdad resident Malik Ibrahim. "Whenever they say they have reached a solution, the bombings come back stronger than before."
"We're fed up with them and we can't tolerate this anymore," he added.
The predominantly Shiite city of Basra in southern Iraq was also hit Monday, with two car bombs there ? one outside a restaurant and another at the city's main bus station ? killing at least 13 and wounded 40, according to provincial police spokesman Col. Abdul-Karim al-Zaidi and the head of city's health directorate, Riadh Abdul-Amir.
In the town of Balad, about 80 kilometers (50 miles) north of Baghdad, a car bomb exploded next to a bus carrying Iranian pilgrims, killing 13 Iranians and one Iraqi, a police officer said on condition of anonymity because he was not authorized to brief the media.
There was no immediate claim of responsibility for the attacks, but the fact that they all occurred in Shiite areas raised the suspicion that Sunni militants were involved. Also, Sunni insurgents, particularly al-Qaida in Iraq, are known to employ such large-scale bombings bear.
Monday's violence also struck Sunni areas, hitting the city of Samarra north of Baghdad and the western province of Anbar, a Sunni stronghold and the birthplace of the protest movement.
A parked car bomb in Samarra went off near a gathering of pro-government Sunni militia who were waiting outside a military base to receive salaries, killing three and wounding 13, while in Anbar gunmen ambushed two police patrols near the town of Haditha, killing eight policemen, police and army officials said.
Also in Anbar, authorities found 13 bodies dumped in a remote desert area, officials said. The bodies, which included eight policemen who were kidnapped by gunmen on Friday, had been killed with a gunshot to the head.
The officials spoke on condition of anonymity because they were not authorized to talk to the media.
___
Associated Press writer Nabil Al-Jurani in Basra contributed to this report.
Source: http://news.yahoo.com/wave-attacks-kills-least-86-iraq-150634066.html
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By Ann Saphir and Jonathan Spicer
(Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
Much will depend on how economic data, which has given mixed signals for growth prospects, develops over the next few months. Reports on job growth in particular will go a long way in helping Fed officials determine whether the time is right to trim the pace of their $85 billion in monthly purchases.
The marked improvement in the labor market since the U.S. central bank began its third round of quantitative easing, or QE3, has added an edge to calls by some policy hawks to dial down the stimulus. The roughly 50 percent jump in monthly job creation since the program began has even won renewed support from centrists, raising at least some chance the Fed could ratchet back its buying as early as next month.
"We could reduce somewhat the pace of our securities purchases, perhaps as early as this summer," San Francisco Federal Reserve Bank President John Williams said on Thursday, adding that his view is that summer begins in mid-June.
The central bank next meets to debate policy on June 18-19.
The Fed's balance sheet has swelled to some $3.3 trillion and officials have been debating whether this risks igniting future inflation or blowing up asset bubbles, even as they seek to help a tepid economic recovery.
Chairman Ben Bernanke and other top Fed officials have increasingly stressed that any change to the pace of QE3 would not signal a withdrawal of monetary stimulus and that they could continue the program for quite some time at a lower level or even increase it again if needed.
Most economists do not expect a tapering of bond buying until later in the year, in part because of weak readings on inflation.
But Williams' remarks prompted a drop in stocks and a rebound in the dollar, with the greenback gaining further on Friday as investors prepared for a lessening of stimulus.
"It seems many Fed officials are becoming increasingly uncomfortable with the $85 billion per-month rut they find themselves in," said Dana Saporta, an economist at Credit Suisse in New York.
Still, Saporta does not expect the first adjustment in the purchases until September, although she would not rule out a move in June.
"I do think they are concerned the longer they maintain this $85 billion pace, the more exaggerated or adverse the market reaction will be when the time comes finally to make an adjustment," she said. "The more flexible and varied they are, the less exaggerated the market reactions may be."
Bernanke has sought to emphasize exactly this flexibility.
In March, he said it makes more sense to have a variable policy in which the flow of purchases responds "in a more continuous or sensitive way to changes in the outlook."
The Fed's policy-setting committee memorialized that approach in the statement they issued after their last meeting, on May 1, saying they were "prepared to increase or reduce" the purchases as labor-market or inflation forecasts change.
Bernanke is scheduled to hold a news conference after the June meeting where he could explain any policy shift and try to assuage anxious investors that the Fed remains highly accommodative. The next meeting is in late July, but the next opportunity to talk to the media is not until mid-September.
SOMETHING LESS THAN 'SUBSTANTIAL'
Since the Great Recession, the Fed has kept interest rates near zero and taken other extraordinary steps to get Americans back to work, including promising to keep buying bonds until the labor market outlook improves "substantially."
But it has never specified what it might take to prompt a reduction in its monthly purchases.
Monthly payroll growth has averaged 208,000 in the last six months, compared with 141,000 in the six months prior to the launch of QE3 in September. The unemployment rate dropped to 7.5 percent last month from 8.1 percent in August.
Policy hawks have seized on this improvement to argue that tapering should begin.
"I don't think there is any question ... that we've seen substantial improvement in the labor market outlook over the last six months," Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said earlier this month.
Williams, for his part, said he was more confident the upturn in the labor market would endure, saying that "nearly all" of the indicators he watches suggest further gains over the next six months.
One gauge of future economic growth compiled by the Economic Cycle Research Institute recently hit a two-year high.
STAY THE COURSE?
Still, the economic picture is far from clear and the recovery has stumbled midway in each of the last three years.
The housing market has continued its slow rebound, while retail sales unexpectedly jumped last month, prompting some economists to boost gross domestic product growth projections.
But the factory sector looks headed for a third straight monthly decline and most forecasters expect the economy to expand at only about a 2 percent annual rate in the second quarter. Growth of more than 2.5 percent over several quarters is generally needed to lower the still high jobless rate.
Inflation has also slowed, which is a key reason most Wall Street economists are betting the central bank stays the course for a few more months. Consumer prices rose just 1.1 percent in the year through April, well below the Fed's 2 percent goal.
Notably, however, the Fed's policy doves have not jumped on weaker inflation as reason to boost the monthly bond buys.
"I think it's way too early to think like that," Chicago Fed President Charles Evans said earlier this month.
'BALANCING ACT'
The risks of buying so many bonds might take center stage on Wednesday when Bernanke testifies to Congress and the central bank releases minutes of its most recent policy meeting.
Concerns have grown that the longer the Fed snaps up assets at the current pace, the greater the risk that bond and stock markets - which have run up in the QE3 period - will snap back violently when purchases finally slow.
"I think the Fed's got a very difficult balancing act here in removing ... QE from the market," Goldman Sachs President Gary Cohn told CNBC on Wednesday. "It wouldn't be surprising to me if they tried little maneuvers here and there."
Yields on the benchmark 10-year Treasury note are likely to rise only by about half a percentage point by the end of the year if the Fed begins to trim monthly bond purchases in December, as JPMorgan currently expects, economists at that bank said.
"The Fed is really trying to avoid surprises to the market," said Garth Friesen, a principal at hedge fund III Associates who also sits on the New York Fed's investor advisory committee.
"But as long as we don't get deterioration in the labor market, that could also tilt in the favor of discussing tapering in June, or having it start sooner rather than later."
(Reporting by Ann Saphir and Jonathan Spicer. Editing by Andre Grenon)
Source: http://news.yahoo.com/job-market-gains-could-lead-fed-taper-qe3-120135188.html
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