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By?EconMatters
Where Nuclear Failed, Oil Succeeded
In a continuation of our series on the state of the oil industry we look at some of the other ramifications of what we are labeling the Oil Renaissance in the US, and around the world for that matter.? This phrase was first proposed regarding the potential Nuclear turnaround here in the US, where companies like NRG Energy, Toshiba and many more players all along the supply chain were positioning themselves for the Nuclear Renaissance of cheap, and abundant Nuclear energy for the next 50 years.
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Well, the natural disaster in Japan changed that movement in the span of a week of just untenable radioactivity readings coming out of Japan.? An already uphill battle for changing public sentiment towards the dangers of nuclear energy became an impractical fight from an investment standpoint that relied upon large DOE loan guarantees to attract private investment.
It is ironic, but all these companies spent a lot of time and effort from lobbying to developing strategic partnerships with each other, and in the end, most of that 7 year effort had to be written off by firms. It really shows how firms have to get the industry right; Oil was so much the smarter play. Higher margins, better technology, much easier safety hurdles, and even the environmental fight is much more manageable.
Not to mention the number of jobs created is far more with an Oil Renaissance as opposed to a Nuclear Renaissance, even with a complete buildup of the entire nuclear supply chain. Nuclear projects are just not scalable like oil projects are from a numbers standpoint due to the regulation, lead times for components, inspection, build times, and many more constraints.
No DOE Loan Guarantees: The Free Market at Work
We are going to have a Renaissance in this country, it just happened under everyone`s nose. The free market of high oil prices for the last 10 years made it happen all on its own without government subsidies, and part of the reason that things are going to get real tough for the alternative energy folks over the next 5 years as those government subsidies wind down. They will not make sense from an economic standpoint once oil prices come down considerably, and from a budgetary perspective we can no longer afford this propping up industries that cannot sustain themselves on their own merit in the free market. A 16 trillion dollar debt and climbing means the environmentalists will now be facing an uphill fight on Capitol Hill to have their cause funded by the American taxpayer.?
Technology Changes: Heart Surgery meets the Oil Patch
The technology changes alone in the oil industry are amazing; just watch a horizontal drilling or fracking video and it is like all the advances made by the medical community for endoscopic procedures and advanced heart surgical techniques have been applied to the oil industry. And the cost is far more manageable than the medical field with all the added insurance costs, out of control bureaucracy, and government intervention all but eliminating any sense of free market principles.
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Sure these constraints exist in the oil industry, but the healthcare industry is on a planet of its own and worse from a cost efficiency standpoint by a factor of at least a 100. There is not an ounce of free market in the healthcare industry!
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Fracking Diagram |
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We haven`t seen anything yet as this new technology being refined and implemented here in the US will then be fully scalable around the globe, and the amount of new projects that will come online globally with this new technology over the next ten years has yet to be priced into any market intelligence models.
Natural Gas Industry as the Model
The natural gas industry is much smaller than the oil industry, and because of the new technology firms were actually continuing production with $2 natural gas because of much lower overall project costs relative to the size of the gas exploitable and other derivative products made along the way enabling ?these projects to be profitable.
The oil industry is much more scalable from a cost standpoint, and once these upfront costs have been committed, the size of the industry and scalability means that projects can continue and be highly profitable even with much lower oil prices.
I previously have thought that this technology would suffer as prices drop, but I am rethinking this assumption with natural gas as my guide in a much less scalable industry. So I now believe that this technology and these projects will continue and be cost effective even with oil dropping to $45 a barrel for both Brent and WTI.
It won`t happen overnight, but under one scenario prices will just steadily trend down like natural gas prices, and before we realize it we have the equivalent of $2 natural gas prices for the oil industry.
The China Factor: Use less Commodities for Next Decade
My assumption about the trajectory of oil prices also relies on the China factor that many analysts have been toying with for the last couple of years, but the IMF and others have done some nice research on and applied some hard numbers to the conceptual idea that China has overinvested for the last decade by a large degree, and most of the previous forecasts for China`s growth trajectory from an infrastructure standpoint for the next 10 years are far too optimistic.
My conclusion is that China will use far less commodities than they did the past decade going forward for the next decade. They are coming into the constraints of large numbers where you have built for the sake of building, and you can no longer build another large new city every year because the demand just isn`t there. Basically, the easy, low hanging fruit has been eaten. Most of the new project benefits will not justify the cost based upon infrastructure constraints, logistical incongruities, and actual demand & societal need for said projects.
The societal costs outweigh the societal benefits and the projects evaluated in total become a net drag on growth and GDP in the overall calculus. China can go ahead with these projects but the law of diminishing returns, means the country will pay a heavy price to do so. China will continue to grow, but they will grow in a more sophisticated way from a social perspective from within, i.e. in a metaphorical Maslow`s ? Hierarchy of Needs manner, and less of a brute, infrastructure driven manner.
Ergo, the lower utilization for commodities by China is another factor that will put downward pressure on Oil and other commodities over the next 5 to 10 years.
More Storage Capacity Needed Globally
Make no mistake these oil and commodity projects are going to go full stream regardless of price due to sunk costs, more efficient operations, job creation, and overall profitability.
One of the takeaways out of this analysis is that storage facilities will have to be upgraded and new ones coming online for all commodities. For example in Oil, my analysis concludes that Cushing will need to upgrade capacity to over 100 million in the next couple of years, and over 150 million by 5 years? time.
My new analysis determines the need for even more pipelines being built out of Cushing as well. There will need to be at least 5 million barrels per day outflow from Cushing to refineries by five years? time; can anyone say job creation opportunities here?
The next substantial upgrade besides the paltry 300,000 per/day upgrade this year will not come online until mid-2014 and only improve capacity to 850,000 barrels per/day outflow from Cushing which is not going to be enough to counter an exponential measure of domestic production coming into the Cushing energy hub by 2014.
But I am forecasting that not only will Cushing be above 100 million in storage in three years? time, but the US will need capacity to store over 600 million barrels by four years? time, and China who is building storage currently, will need to meet their own need for storage due to a massive oversupply in their country.
China was building storage initially for strategic purposes, but my analysis concludes that because of an oversupply issue similar to copper today in China, they are going to need this additional storage for excess supply issues.
?Therefore, if you?re in the storage facility business, times will be good for the next five years, plenty of business for these firms. As I think storage facilities will have to be built all around the world from Iraq, Saudi Arabia, Africa, and the Scandinavian countries.
A New Price Model for Oil
So how low can prices go? Let`s just say that the Renaissance in oil is going to be good for the global economy, just back in 2003 gasoline prices were $1.60 a gallon in the US and oil was trading around $30 a barrel.
It is not unreasonable to think if the Oil Renaissance takes the path that it is capable of that Oil globally trades all the way down to the $45 area.
What Price do the Saudi`s Really Need? Need & Want Confused
And those that think that OPEC would need $75 to keep up production, remember that OPEC still kept pumping oil only four years ago with $33 oil in 2008. Furthermore, OPEC countries still need the overall revenue not the price per say.
Accordingly, you could very easily have a scenario where prices go lower and they pump more, violate reduction quotas because they all want the revenue net of volume and price, not just less volume but slightly higher prices.
I think the world will be surprised how the talking your book rhetoric of ?we need $75 oil to justify production? is replaced with the actual, ?we need the money and our real cost is so much lower than you could ever imagine? reality on the ground.
This is their one asset in these countries, some revenue stream is better than no revenue stream, and with global production picking up OPEC `s relevance, power, and influence on prices is diminishing by the day.
Great OPEC you can reduce production, your global competitors will love that, less competition for them. The only problem is that these countries need the money, every country needs the money these days, and that`s the market place you take what you can get on the market! The market goes in cycles, just as the housing market re-priced itself, so will the oil market!
The ironic point here is that often the lower prices go, the more oil that is produced trying to make up in volume for the lower price to get as much revenue as possible.?
$45 Oil & $2 Gasoline: Consumers Love this New Era
In conclusion, we are entering a new Renaissance in the oil market, not just in the US, but globally as well.
New technology, slower growth in the emerging markets over the next decade, and an era where a decade of high prices will finally bear some fruit with market dynamics working as their supposed to leading to more supply, and an eventual reduction in prices.
Expect this new era to manifest itself in giving the entire world a tax break, and small businesses and consumers worldwide will have more disposable income, and sectors such as retail, entertainment, transportation, and global travel will benefit as a result of this sea change in the oil industry.
I could even envision the manufacturing industry in the US getting a large piggyback effect as the US will have some of the cheapest energy costs of anywhere in the world for starting a business with an abundance of natural gas, oil and petroleum products for the next decade at a low and stable price.
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How does $45 a barrel oil and $2 a gallon gas sound? Something the peak oil folks thought was an outright impossibility just 5 years ago.
But a lot of things can change real fast, once technology gets involved, impossible things become possible. Just look at smartphones versus 4 years ago, and the fact that I can deposit a check into my checking account via my smartphone, actually surf the net, get usable navigation directions, and watch Netflix movies on my smartphone.
The world history of scientific innovation being applied to markets is remarkable to say the least looking back, it?s now time for the oil market to have its second renaissance. Expect $45 oil in the future of this renaissance.
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Further Reading?-?Oil & Gasoline Markets End 2012 with Swollen Inventory Levels
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The Brother ImageCenter ADS-2500W provides a good set of features for a scanner at its price, with some nice flourishes like a touch screen and both Wi-Fi and Ethernet connectivity. It can scan to a variety of destinations and showed very good OCR quality in our testing. On the downside, it was slower than its rated speed, and particularly slow at scanning to searchable PDF, and was subject to more misfeeds than is usual for a desktop scanner.
The ADS-2500W is a duplex scanner with a 50-sheet automatic document feeder (ADF). It measures 11.8 by 8.7 inches (WD) when closed, and weighs 7.9 pounds. It has a straight-through paper path from the ADF into the output tray, and supports the scanning of business cards as well as plastic cards. You can control many functions, including scan destinations, from its 3.7-inch color touch screen.
The Brother ImageCenter ADS-2000 is similar to the ADS-2500, but for its lower price it lacks the latter's touch screen, Wi-Fi connectivity, and its ability to scan directly to cloud-based destinations, as well as scan to Microsoft SharePoint through Nuance PaperPort. It offers optical resolution of up to 600 ppi. The default resolution for scanning to file (PDF) is 300 ppi, which should be more than enough for most business documents.
The ADS-2500W lets you scan to a USB key, a PC, a network drive, email, an FTP server, or the cloud. (You can scan directly to Evernote, DropBox, Flickr, GoogleDrive, Facebook, and Picasa WebAlbums.) You can scan also scan to Android phones or tablets over a (user-supplied) cable.)
Other interesting features are 2-in-1 scanning (stitching 2 documents together into a ledger-sized scanned document) and continuous scanning (the ability to scan documents longer than the ADF's 50-page maximum). The ADS-2500W has multi-feed detection, for catching when more than one page is fed through the scanner at once and stopping the scan so you can re-feed the unscanned sheet(s). As was the case when I tested the ADS-2000, I experienced a relatively high number of misfeeds for a desktop scanner in our testing.
Software
Software bundled with the ADS-2500W includes Brother's Control Center 4 scan utility; Nuance Paper Port 12SE (for Windows) and Presto! PageManager 9 (for Mac) for document management and optical character recognition (OCR); Presto! BizCard 6; and Nuance PDF Converter Professional 7 (for Windows), which lets you create, edit, search, and collaborate on PDF files, and send them to Cloud-based services. It also has Twain, WIA, and ISIS drivers, which let you scan from virtually any program that has a scan command.
Neither BizCard or PDF Converter are installed automatically when you install the main MFL-Pro Suite (which is described, peculiarly, on the installation screen as "Full Driver and Software Package"). They're listed below under additional applications, but could easily be overlooked if you took the above description at face value.
Brother's Control Center scan utility is simple and quite useful, with buttons for 4 scan destinations: Scan to Image (300 ppi JPEG); OCR (300 ppi .txt file), Email (200 ppi PDF); and File (300 ppi PDF). By right-clicking on any of the buttons, you can change the settings, such as resolution, scan type (auto black and white, gray (error diffusion), true gray, or 24-bit color), document size, simplex/duplex, and set brightness and contrast. (When you first launch Control Center, you get a choice between simple and advanced interfaces; the advanced one gives you much more flexibility.)
You can also initiate scans from Nuance PaperPort ?(or Presto! PageManager if you use the scanner with a Mac). PaperPort lets you scan to multiple destinations, displayed at the bottom of the screen with icons. The Twain, WIA, and ISIS drivers let you scan to nearly any program that has a scan command.
Speed
The ADS-2500W is rated at up to 24 pages per minute (ppm) for simplex (one-sided) scanning and 24 ppm/48 images per minute (ipm) for duplex scanning, in which each side of a two-sided document counts as one image. I did our timed tests over an Ethernet connection, with the scanner's driver and software installed on a PC running Windows Vista.
In my testing, using the scan utility's default settings to scan to file (color image PDF at 300 ppi), it averaged 13.8 ppm to scan and save a 25-page file, well off of its rated speed. For duplex scanning, its tested speed fell a bit to 21.4 ipm. It was slower in scanning to searchable PDF format, taking 3 minutes 54 seconds to scan our 25-page document in simplex and a ponderous 6:44 in duplex. It took 2:54 to the test document to a .txt file using the scan utility's OCR button.
We do our official timings using default settings, as we've found that users tend to stick to them. But I also tried scanning the same document to image PDF at 200 ppi; the ADS-2500W turned in somewhat faster times of 16.3 ppm simplex and 14.2 ppm/28.4 ppm for duplex scanning. ?(I did not scan to searchable PDF at 200 ppi, as you'll want to use the higher resolution for that format.)
Curiously, when I tried scanning to black-and-white PDFs, these scans actually took longer than scanning to color.
We clocked the Editors' Choice Canon imageFormula DR-C125, rated at 25 ppm/50 ipm, at 25.4 ppm and 50 ipm for simplex and duplex scanning, respectively, to image PDF. Impressively, it maintained the same speeds when scanning to searchable PDF, scanning and processing our test document in a minute flat. The Kodak i2400 has a slightly higher rated speed (30 ppm/60 ipm for simplex and duplex scanning, respectively), and tested at 28.3 ppm and 53.6 ipm. It scanned a simplex document to searchable PDF in 1 minute 34 seconds.
Document Management
The ADS-2500W did very well at OCR, reading our Arial and Times New Roman text documents perfectly down to 6-point type. For business card management with BizCard 5, it did a reasonable job, entering data in the correct fields without an error on about half my test cards, and on most of the others had no more than two or three errors.
The Brother ADS-2500W has a more robust feature set than the lower-priced ADS-2000, including items such as the color touch screen and Wi-Fi that are very unusual for a scanner at its price. It can scan to multiple destinations, and it performed very well in OCR accuracy. Its main downside is that it is sluggish for its rated speed, and lagged even more when scanning to searchable PDF.
The Editors' Choice Canon imageFormula DR-C125 not only was true to its rated speed for both simplex and duplex scanning (which is the same as the Brother's), it lost no time in scanning to searchable PDF. The Kodak i2400 was slightly faster still, and although it lagged DR-C125 in scanning to searchable PDF, it finished in well under half the time it took the ADS-2500W to scan the same document. Although the Canon and Kodak scanners lack many of the ADF-2500W's flourishes, they deliver on the basics, most importantly on scan speed, both to image PDFand searchable PDF formats.
More Scanner Reviews:
??? Brother ImageCenter ADS-2500W
??? VuPoint Solutions Magic Wand with AutoFeed Dock PDS-ST450-VP
??? VuPoint Solutions Digital Film and Slide Converter FC-C520-VPD
??? Ambir MobileScan Pro 100
??? Xerox DocuMate 4830
?? more
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IRA FLATOW, HOST:
Continuing with our planetary theme today, Flora Lichtman is going to talk about her video pick of the week. And it is a beauty.
FLORA LICHTMAN, BYLINE: It's a perfect illustration for our Book Club segment. This week's video is landscape astrophotography, which I have to say looks a lot more compelling than it sounds.
(LAUGHTER)
LICHTMAN: It's really...
FLATOW: Sell it...
(LAUGHTER)
LICHTMAN: No, it's really beautiful. It was all done by Colin Legg, who's a photographer in Australia. And he's making these time-lapse scenes of the night sky. And I'm sure that our listeners have seen this stuff before. But really, I think this is some of the most spectacular version of this kind of celestial eye-candy that I have - I've ever seen.
FLATOW: It really is breaking new ground. You think you've seen a good time-lapse of the sky in other places and sunsets and - nothing like...
LICHTMAN: It just gets better and better. And I think part of that, in talking to Colin Legg about his work, is because the cameras are getting better. So he said, for example, you know, to take these and make these sequences, you take 30-second exposures. You leave the shutter open on your camera for 30 seconds. And what happens is that you can pick up colors in the night sky, not even the Aurora, in other places that you could never see with your own eyes, because, remember, we're sampling the night sky with little machines in our head that sample it one-sixtieth of a second.
FLATOW: Right.
LICHTMAN: And when you think about that, it's kind of remarkable, he says, that we can even see the Milky Way at all, because it takes 30 seconds for a camera to see it. And then he goes all night. I mean he takes nine hours or sometimes days upon nights of footage, you know, so thousands of frames, and puts together these sequences.
FLATOW: They're gorgeous. They're up there on our video pick of the week, up on our SCIENCE FRIDAY website at sciencefriday.com. Does he do - he does IMAX also, doesn't he?
Yeah. This was something that was really interesting to me. Have you ever thought about where that kind of IMAX footage comes from? I hadn't considered it until talking to him. So he did an 11 day and night shoot out in the middle of a lake bed. And you have to do the night sky. So to do that, you need to be in a place that's really dark without a lot of light pollution. So that means you're in the middle of nowhere.
Right.
LICHTMAN: And how do you run your electronics, your five DSLR cameras? Because that's what it takes to get the number of pixels you need for that supersized IMAX screen? You have to have solar panels. You have to have a crazy setup. It's - I mean it was amazing.
FLATOW: It's amazing.
LICHTMAN: It's amazing.
FLATOW: It's our video pick of the week on our SCIENCE FRIDAY from NPR. I'm Ira Flatow, here with Flora Lichtman and Annette Heist, talking about a special extra, extra stuff for our book club.
ANNETTE HEIST, BYLINE: Inspiration(ph).
LICHTMAN: That's right. Read the book. Watch the video.
FLATOW: Did you gather any tips for aspiring - that's the first thing I saw. I saw it, I said I have to do this. I had some...
LICHTMAN: You did actually say that.
FLATOW: I did.
(LAUGHTER)
FLATOW: I said I have to...
LICHTMAN: Out loud.
FLATOW: I have to make these photos. Yeah, I like to fool around with cameras. I love looking at, you know, the night sky. I'm glad that Orion, my favorite, is out now in the winter time. Can you give us any tips? Can you collect - can you give us how we could do this ourselves?
LICHTMAN: I'm hoping that we can get more, but I have a few starter tips. I wondered the same thing. I was like, I can't believe this is possible. So here's a really nice one that works for any photographer: If you need to steady your tripod, you're shooting in a windy place, like let's say you're on the top of a mountain like Colin Legg is all the time, you can just take a bag, fill it with rocks and attach it to the tripod. I loved that because he has this very, like, high-tech setup and then he has a bag of rocks attached to his tripod.
FLATOW: Simple stuff.
LICHTMAN: But also, you know, he does eclipses. So in this video montage, just to give you the real hard sell, everybody....
FLATOW: It's a beauty.
(LAUGHTER)
LICHTMAN: ...he does a - there's a full solar eclipse that he captures. And there's a lot - a huge light change, as anyone who's experienced an eclipse knows, during the course of the eclipse. So you actually have to preprogram your exposures. And then it's like hands-free during the actual eclipse.
FLATOW: Yeah. But the comment he makes on the video that you brought in so well is that he knows how awe - jaw-dropping an eclipse is going to be when it happens, so he doesn't want to have to fool around with his camera. He wants it on auto pilot so he could sit there and watch what goes on...
LICHTMAN: That's exactly right. He said he doesn't want - he made a promise to himself that even if everything melted down during the eclipse, he wouldn't be bothered by it because he wanted to just experience the joy of that amazing scene.
FLATOW: Yeah, it is amazing. It's up there on our video pick of the week. It's a solar eclipse, all kinds of stuff in there. Annette.
HEIST: Well, I just wanted to let listeners know that we know the next book for the book club already, so you have plenty of time to read over the holidays. Get your eggnog and a copy of "The Andromeda Strain."
FLATOW: Oh.
LICHTMAN: Michael Crichton.
HEIST: Michael Crichton. Came out in 1969. So we're getting into the way back machine again for some...
FLATOW: You can't cheat and watch the movie. You have to read the book.
HEIST: Oh, you can. But you can do both.
FLATOW: That was a game-changing book, if I remember correctly. Got people really to think about all that kind of stuff.
LICHTMAN: I've never read it, so...
HEIST: I haven't read it either. It's been on my list for a long time. So that's the book for January. I promise to give some extra time this time around. So if you get that gift card and you don't know what to buy, get a copy of "The Andromeda Strain."
FLATOW: Yeah. It's a good follow-up to this book we're talking about, Dava Sobel's book, "The Planets."
LICHTMAN: Harder to do an illustration for that...
(LAUGHTER)
FLATOW: Yeah. It's - well, if you watched the movie, they did some good...
LICHTMAN: Yeah, I guess so (unintelligible)...
FLATOW: They make up some good illustrations. Well, I want to thank you - thanks - I'm going to gavel close our book club for this session. We're going to say goodbye. Thanks, Flora. Flora Lichtman, our multimedia editor, thank you.
LICHTMAN: Thank you, Ira.
FLATOW: And Annette Heist, our senior producer.
HEIST: Thank you.
FLATOW: Join us again for Michael - next month, Michael Crichton's book "The Andromeda Strain." We'll be talking about that. And don't forget to go to our website at sciencefriday.com. Up there is our video pick of the week. Incredible time-lapse photography.
LICHTMAN: Can't oversell it.
FLATOW: Can't oversell this one. You will be happy to share this one.
Copyright ? 2012 National Public Radio. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to National Public Radio. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.
Source: http://www.npr.org/2012/12/21/167798238/shooting-stars-capturing-the-night-on-camera?ft=1&f=1007
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We've shared a few ways to wrap oddly-shaped gifts, but reader TVViewer let's us know one of the easiest methods yet: Just put it in a cereal box and wrap as normal.
TVViewer offers this suggestion in response to our posting of the "Ravioli Wrapping" method:
Any odd shaped items to wrap? Put them in an empty cereal or oatmeal box first. I gave 2 friends ramekins and cut an oatmeal box in half for both gifts. A cylinder is easy to wrap and the recipient will never guess what's inside.
Doesn't get much simpler than that!
Put Oddly-Shaped Gifts Into a Cereal Box for Easier Wrapping
Every week, we receive tons of reader tips, often in response to tips we've posted. Our Tip of the Week showcases our favorite tip from you that improves upon something else we've shared, shows us another way to do something, or otherwise deserves more attention than our regular tips roundups. Got a tip to share? Post it over at our tips forum or send it to us at tips@lifehacker.com.
Photo by LenDog64.
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Texas workers? compensation system regulators report that 56 insurance carriers have been deemed high performers in the system.
Announcing the results of the fourth Insurance Carrier Performance Based Oversight assessment Texas Department of Insurance, Division of Workers? Compensation (TDI-DWC) said out of the 110 insurance carriers reviewed, 56 were deemed as high performers; 53 were deemed average performers and one carrier was deemed as a poor performer.
Based on the Performance Based Oversight (PBO) assessment, insurance carriers are placed into regulatory tiers: poor performers, average performers, and consistently high performers. The TDI-DWC will focus its regulatory oversight on the poor performers, as well as offer incentives within each tier that promote greater overall compliance and performance.
Insurance carriers were assessed on the timeliness of:
The TDI-DWC is required to monitor workers? compensation system participants? compliance with the Texas Workers? Compensation Act and TDI-DWC rules and to correct noncompliant behavior. Compliance objectives are achieved through PBO, data monitoring, complaint handling, entity audits, and when appropriate, enforcement actions.
The results of this assessment and a listing of the assessed insurance carriers are posted on the TDI website at http://www.tdi.texas.gov/wc/pbo/pbo.html. Not all insurance carriers are assessed and placed into a regulatory tier.
Health care providers will be assessed separately in 2013.
Source: TDI-DWC
?
Article source: http://www.insurancejournal.com/news/southcentral/2012/12/20/274739.htm
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Source: http://jallencoblog.com/56-insurance-carriers-deemed-high-performers-in-texas-work-comp-system/
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Christopher Garret Johnson, 33, was detained at Sandy Hook Elementary School in Strasburg, Va., authorities said.
By Matthew Stabley, NBCWashington.com
WASHINGTON -- A man was arrested after walking into Sandy Hook Elementary School in Strasburg, Va., carrying a 4-foot long two-by-four labeled "High Powered Rifle" on?Wednesday, police said.
Christopher Garret Johnson, 33, was met by school staff about 11:40 a.m. before being detained by a sheriff's school resource officer,?according to the Shenandoah County Sheriff?s Office.
He was arrested and taken into custody without incident.
Read more stories from NBCWashington.com
No one was injured, officials said.
He may have been trying to make a point about security at the school five days after the?massacre at Sandy Hook Elementary School?in Newtown, Conn., in which a man shot and killed 20 children and six adults before killing himself.
/
A nation mourns after the second deadliest school shooting in U.S. history at Sandy Hook Elementary, which left 20 children and six staff members dead.
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BLOEMFONTEIN, South Africa (Reuters) - South Africa's ruling ANC put its new No. 2 Cyril Ramaphosa at the head of a charm offensive on Friday as it sought to reassure both investors and a restless public it would tackle economic inequality without recourse to wholescale nationalisation.
Days after his appointment as party deputy to President Jacob Zuma, who was re-elected ANC chief this week, the anti-apartheid hero and businessman laid out the party's strategic priorities.
Appearing at a business breakfast with Zuma and other ANC leaders elected at a conference in Bloemfontein, Ramaphosa stressed the ruling party backed a mixed economy model.
But he added the state would intervene to ensure the country's wealth was better shared.
"Within a mixed economy, the state has a role to play. It intervenes and the private sector also has a role," Ramaphosa said, wearing like Zuma a red tie with his dark business suit.
The return of Ramaphosa to the ANC leadership will allow the party to capitalise on his experience and reputation for integrity. His popularity rests on both his history as an anti-apartheid mineworkers' champion in the 1980s and his current pro-business credentials as South Africa's second wealthiest black entrepreneur.
The ANC had its 100th anniversary this year. But Nelson Mandela's liberation movement has been split by feuding and has faced a groundswell of popular anger against graft, cronyism and widespread poverty and unemployment in Africa's biggest economy.
Deadly strikes swept the mines this year in the worst labour violence since the end of apartheid in 1994. It led to damaging credit downgrades for South Africa and questions whether 70-year-old Zuma, who has faced a slew of corruption and personal scandals, can effectively lead the party and country.
Ramaphosa warmed to his new role on Friday as he finessed the ANC's main economic policy takeaway from Bloemfontein. This was a decision to shun "classic, wholesale nationalisation" but for the state to intervene selectively in the economy where necessary in key areas such as mining and infrastructure.
Rejecting charges the ANC was "confused" on nationalisation, whose defenders at the conference were soundly defeated, Ramaphosa invoked the party's 1955 Freedom Charter that declares "the people shall share in the wealth of the country".
"Now the ANC's duty is to make sure that is fulfilled, and fulfilling that would mean that in certain areas the state intervenes," he said, giving the examples of a state mining company set up by the government and intervention to ensure that prices of drugs for HIV/AIDS sufferers remain affordably low.
Ramaphosa's elevation was welcomed in business circles.
Moody's, which with another credit rating agency has punished South Africa for its mining and leadership woes, said the ANC platform looked "more investor- and business-friendly than had generally been anticipated prior to the conference".
South Africa's Business Day newspaper said in an editorial: "Mr. Ramaphosa's re-entry into party politics represents a victory for those dealing and negotiating in the real world, rather than in the world of ideological illusion."
WANTED: A PROSPEROUS SOUTH AFRICA
But the Chamber of Mines and Moody's said questions remained about how the government would intervene in the mining sector, and what additional taxes it might levy there. The ANC has also raised the idea of export curbs on minerals.
It also remained to be seen whether Ramaphosa, who has maintained a wealthy lifestyle in recent years far from his origins in the anti-apartheid workers' struggle, can connect with the mass of voters who are poor and unemployed.
His comeback puts him in line for a possible future bid for the South African presidency currently held by Zuma who, if he remains the party candidate, is virtually assured of re-election as head of state in the next national vote in 2014.
At this week's ANC conference, Zuma crushed a half-hearted leadership bid from Deputy President Kgalema Motlanthe, whose challenge grouped a loose alliance of opponents of the Zuma presidency. This included advocates of more radical policies such as nationalisation and seizure of white-owned farm land.
Asked about the ANC's future ideological direction, Zuma replied: "Ideologically, we want a prosperous South Africa."
He also made clear he would not immediately replace Deputy President Motlanthe with Ramaphosa in the cabinet.
Zuma, who took the party leadership from former President Thabo Mbeki at a 2007 ANC conference, acknowledged one of the party's biggest tasks was to address the popular clamour for better services, improved livelihoods and more jobs.
"There's a huge backlog there we have to deal with," he said.
Although Zuma denied any internal purge of top figures who had opposed him, some of these, such as Human Settlements Minister Tokyo Sexwale and Sports Minister Fikile Mbalula, were dropped from the new ANC National Executive Committee (NEC).
Re-elected ANC Secretary-General Gwede Mantashe made clear the party took a dim view of attempts to divide it, for example from expelled former Youth League leader Julius Malema. "If you mess up the ANC, the ANC messes you up," he said.
Source: http://news.yahoo.com/africas-zuma-pledges-anc-renewal-dispel-doubts-055706677--business.html
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Samsung has added another 5-inch screen phone to its Galaxy line-up, introducing a new device with a mid-range price.
The South Korean company announced the Galaxy Grand early Tuesday morning. The phone is similar to the Samsung Galaxy Note II, the company's 5.5-inch-screen phone that is available from most U.S. carriers for $300 on a new contract.
Samsung declined to say how the device would be priced, but mid-range smartphones typically sell for about $100 to $150 with a contract.
Although the Galaxy Grand has a large display, many of its specifications fall short compared with the Galaxy Note II, as one would expect with a mid-range phone.
PHOTOS: Top 10 tech products of 2012
For starters, the phone's WVGA display isn't HD, with just an 800-by-480-pixel resolution. The Galaxy Grand's 1.2 GHz dual-core processor is also less powerful than the Galaxy Note II's, and the Galaxy Grand doesn't come with the S Pen stylus.
The phone, however, does run on Android 4.1 Jelly Bean, and it features an 8-megapixel rear camera. Additionally, the Galaxy Grand has 8 GB of storage, which can be expanded with a microSD card.?
Samsung did not provide details regarding when the phone might come to the U.S. or which network will carry it.
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Via AP:
Prime Minister David Cameron announced Wednesday that some 3,800 British troops would be withdrawn from Afghanistan by the end of 2013. Some 5,000 will remain into 2014, Cameron told lawmakers. The announcement comes after a lengthy video call Tuesday between Cameron and U.S. President Barack Obama. . .
Hey, if the Afghan forces are deemed competent enough to stand on their own by the Brits, we should pull out too.
Source: http://web2.nationalreview.com/the-feed/336029/afghanistan-britain-pulling-3800-troops-years-end
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An exclusive event for investors in the global clean energy investment sector. This invitation-only Forum has established itself as an exclusive club for the industry`s leading investors and follows sell-out events from the previous 4 years. Places are strictly limited to 50 LPs, 50 GPs and selected expert advisors to ensure the environment facilitates networking and discussion at the highest level.
The Forum offers the feel and benefits of an exclusive private members club, as opposed to a mass conference, and invitations to participate are restricted to industry leaders. The Forum will present a distinguished selection of speakers who will share their views on the key issues in the cleantech, renewable energy and sustainability space and enable high-quality GPs to connect with the most active LPs in the sector.
LP-GP Forum: Clean Energy & Sustainability
08.15 Registration, coffee and networking
09.05 Welcome Address
09.15 LP Panel: Growing support for an emerging asset class
10.00 Presentation: How European subsidy regimes are driving returns
10.20 Networking Break
11.00 Presentation: Green investing in a sea of red
11.30 ? Technology investment Panel: Capitalising on cleantech innovation
12.15 Presentation: Cleantech investment comes of age
12.45 Lunch break & Networking
14.00 Infrastructure Panel: Investing in long term green assets
14.45 Presentation: The role of ESG in big buyouts
15.15 Networking Break
16.00 Corporate Investor Panel: The growing role of strategic investors
16.45 Closing Remarks
17.00 Networking & Drinks Reception
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A nation shaken by Friday's school shooting in Newtown, Conn., is wondering what to do to prevent future tragedies. Some gun rights advocates have suggested returning to a time-worn strategy in lieu of gun control: keeping up with the proliferation of arms outside the schoolhouse doors by arming those inside.
If the principal of Sandy Hook had been armed with an M-4 carbine, Rep. Louie Gohmert (R-Texas) argued on "Fox News Sunday," she could have stopped the tragedy crucial minutes before the police. She could have "take(n) his head off before he [could] kill those precious kids."
It is an argument using the logic of what critics call the "maximum guns" school of thought about preventing violence at schools. Though schools rarely arm teachers themselves, armed police are a frequent sight inside many American schools. But school safety and child psychology experts surveyed by The Huffington Post said there is no guarantee that putting more guns in schools, even in the hands of trained police officers, will stop rampage killings -- and that increased school security could come at the cost of children's well-being.
While attempts at gun control have floundered since 1999, the year of the Columbine school shooting, the federal government has poured more than $811 million into hiring cops for schools. The number of police on campuses has ballooned from around 9,446 in 1997 to 17,000, according to a March 2010 policy brief from the Charles Hamilton Houston Institute for Race and Justice at Harvard Law School.
The deadly and ever more popular assault rifles widely available for legal purchase, meanwhile, have prompted police to respond with higher-powered weapons of their own. In August, before a public outcry stopped the plan, police in Plainfield, Ill., proposed storing AR-15 assault rifles -- similar to the type that Lanza used -- in secure lockers inside high schools. It was a preventive measure, they said, against a "worst-case scenario."
Bill Bond is one of the few who knows the school shooter scenario firsthand. He was the principal at Heath High School in Paducah, Ky., in 1997, when a 14-year-old opened fire on a student prayer group. Bond came out of his office to confront the gunman face-to-face. He said he has no doubts about how that day would have ended if he had done what Gohmert suggests.
The shooter "stood against a wall and shot eight kids and three of them died. That took 12 seconds. It is fast," said Bond, who is now the specialist for school safety for the National Association of Secondary School Principals. If he had been running toward the shooter with a weapon in his hands, he believes, he would have been shot. "I was able to take the gun from him, but I believe if I had been armed, I would have been dead."
When a former student killed seven people at a high school in Red Lake, Minn., in 2005, Bond noted, the first target he went for was the unarmed school security guard. And against a gunman with an arsenal like Lanza's, Bond said, even a police officer with a handgun would have had little chance.
Many police officers, on the other hand, claim that while they might not be able to stop a determined shooter's first bullet, they can minimize the scope of a tragedy. Their claims may be supported by the fact that Adam Lanza apparently killed himself, ending his rampage at Sandy Hook, only when he heard police were getting close to the school.
"You may not be able to stop the first [shot]," said Kevin Quinn, a school police officer who is president of the National Association of School Resource Officers. "Even in my own school, where I'm sitting in my office 50 feet from the first door, if someone broke in the front door and fired one shot, I can't stop it."
What cops can do though, he argued, is "attempt to minimize the damages, minimize the casualties ... every second could mean several lives."
In recent years, federal support for a program to put cops in schools has slipped. But it is not clear how the program could have prevented tragedies like the one in Newtown, as elementary schools are rarely a priority for strapped cities and towns. According to the Justice Department, over the lifetime of a federal program that supports local police hiring, only around 1 percent of the officers hired went to work in elementary schools.
Critics, meanwhile, say the loss of school policing programs are nothing to lament. In far too many schools, they say, cops have turned what should be places of learning into semi-militarized environments.
"Singular horrible events like this past week make us all upset, but if we look at the data, it doesn't make sense that that's where we need to beef up security in a very expensive way -- not only financially but also at the cost of our children's feeling of security," said Kenneth Dodge, director of the Center for Child and Family Policy at Duke University.
Less than 2 percent of homicides committed against children happen at school, Dodge said. A November 2011 report by the Justice Policy Institute found little correlation between the number of cops at schools and the number of student-reported violent incidents. An article published in the Journal of School Health in 2011, reviewing 15 years of studies of metal detectors at schools, found that there was insufficient evidence to support the conclusion they made schools safer, but plenty to suggest they made students feel more unsafe.
The JPI report argued that police do have another, detrimental effect on the educational environment: They essentially turn every disciplinary offense into a potential crime. And the review of metal detectors found plenty to suggest that they create a climate of fear.
Metal detectors, police officers in hallways, and zero tolerance policies have "been a failure in that they make children anxious, they make schools less welcoming," Dodge said.
Complicating the post-Newtown discussion around cops in schools is that police have said Lanza had "no connection" to Sandy Hook Elementary. He may have chosen to instead target a movie theater or a shopping mall -- like the rampage killers in Aurora, Colo., or Portland, Ore. -- to pursue his deadly ends.
To stop determined shooters from killing children anywhere, Dodge said, "we'd have to put fences up around our school parking lots, and we'd probably have to do the same around shopping malls and parks and everywhere kids go."
That is not necessarily a bad idea, said Quinn of the school police officers' association, who suggested there should be more police everywhere children congregate. "The way things are going now, it sure as heck couldn't hurt," he said.
But Dodge argued for a different path -- one that looks at school safety as a consequence of the larger problems with violence in America. "Isn't it more straightforward to just get rid of the guns?"
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Source: http://www.huffingtonpost.com/2012/12/18/arming-teachers-cops-sandy-hook_n_2325727.html
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From her earliest days as a child star to an adolescent with addiction issues to now one of the industry's most successful producers, Drew Barrymore has one of Hollywood's most fascinating life stories.
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David Friedman / NBC News
Three local children wait to hand out donated stuffed animals to other kids leaving services at Trinity Episcopal Church in Newtwon, Conn., on Sunday.
By Miranda Leitsinger, NBC News
NEWTOWN, Conn. ? As people filled the pews of churches on Sunday, seeking answers to the violence that claimed 28?members of their community and sending prayers to their families, a group of athletes also gathered to meet on the field and support one another through their pain.
At Trinity Episcopal Church, Rev. Kathleen Adams-Shepherd read the names of those who were killed on the school at Friday, including some children who belonged to the congregation. Another prayer was said for all of those touched by the tragedy.
?I believe that faith will save us, faith in God, in one another, in community, in humanity,? Adams-Shepherd told them. ?None of us alone will find the answers we need to this unfathomable tragedy that has unfolded, that has taken away our innocence ? our answers will come as we gather together and just be together.?
Some people ?cried during the packed service. Near the end of it, three girls walked up to the altar and placed shepherds in a small nativity scene.
Adams-Shepherd told them that each person there carried a light of hope that they needed to spread around and share. She asked everyone to pitch in however they could this week, whether it was baking or cooking or something else.
Residents of Newtown mourned lives lost over the weekend. Meanwhile, Newtown schools will reopen on Tuesday, although Sandy Hook Elementary, where the shooting took place, will be moved to another building. NBC's Anne Thompson reports.
One of those who had already heeded the call was Rick Haylon, who invited his fellow parishioners to come and watch the interfaith vigil Sunday night at his house, saying they could squeeze in as many as needed, even hundreds.
?It's comforting,? he said of being at his church in the aftermath of the shooting. ?These are my friends. This is my family. These are the people I need to be with.?
Haylon, a father of two teenagers and a son in his 20s, reminisced about an essay that his daughter, who was coming home from college as his older son had done to be with the family, wrote long ago about him being able to fix everything.
?I've been troubled the past few days that I can't fix this,? he said outside of the church, but thought that hosting the vigil view was one thing he could do to help.
More tears were shed outside the church, with Jean Kreizinger, a great-grandmother and retired geneticist, welling up when a reporter asked her how she was doing.
?Difficult, very. It just doesn't seem possible,? she said as her voice shook and then she let out a sigh. ?This lovely town has really just been devastated by this.?
David Friedman / NBC News
Jean Kreizinger, 81, after services at Trinity Episcopal Church on Sunday.
Kreizinger, who has lived in the community since 1970, and been a member of Trinity since 1972, said that during these sad, hard days, the church ?certainly provides a huge amount of stability.?
Over at the Newtown Youth Academy, lacrosse players of many ages, including high schoolers and college students, plus some others from out of town (and rival teams), came together to play as well as to honor those who passed, including the mother of one of their fellow athletes, Anne Marie Murphy.
Woody Thompson, a long-time volunteer parent with the lacrosse program, said they held a moment of silence for Murphy and her son, Tom, who had played with them: ?A lot of guys are out here for him,? Thompson said.
He said a main emphasis was speaking with the college students just coming home to the tragedy.
It was a way to have ?a familiar group of guys and kind of start to process this a little bit,? he said, through a sport that they identify with. ?These kids ? they can't go to bars around here ... so this is a great way to get together.
"We're having fun and I want everybody to have a good time but I also don't want to miss this chance of having everybody together without thinking about it,? Thompson said.
Kathy Canavan, 54, watched her son Kevin, 21, play in the lacrosse game. When asked what she thought about the special day of play, Canavan, joined by daughter Katy, 19, said: ?People want to do something.?
?They don't know what to do though, so everyone's doing their one little thing that is going to sort of represent how they feel about the town," she said.
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Dec. 17, 2012 ? Tanzania has many different and diverse wildlife populations spread across a network of protected areas extending over the whole country. These wildlife populations are under threat from illegal hunting and large herbivores are particularly sought-after game. In the future, however, genetic markers can be used to identify meat from game in order to combat crimes against animals.
Even though the battle against illegal hunting has intensified, poachers are still very active. Attempts to put a stop to this kind of hunting are hampered by a defective judicial system and by problems associated with finding sufficient evidence so that the offenders can be prosecuted.
Stella Bitanyi has developed molecular genetic methods of identifying species of wild herbivores in Serengeti in Tanzania. Most of the herbivores that are attractive as game or bushmeat* for poachers in this area were included in Bitanyi's study and this genetic tool can now be used for monitoring and estimating wildlife populations and for acquiring technical evidence in crime cases against wildlife both in Tanzania and in other parts of the world.
The efficacy of the genetic methods was validated by testing them on known species, which then functioned as references for the identification of bushmeat on offer at local markets. The findings of the study also provide important information about the extent of poaching, particularly in view of the fact that the bushmeat tested came from areas where hunting is strictly forbidden. Meat from many different species was on sale and also meat from protected species which are important both for Tanzania and for the international community, as for example the giraffe and the elephant. Other species, such as the buffalo, are so overexploited that they are in danger of becoming extinct in Serengeti.
Bitanyi's doctoral research also included a survey of local communities' awareness about illegal hunting. The results of the study showed that these communities had adequate knowledge about illegal hunting, law enforcement and the importance of protecting animal species. Tribes with strong hunting traditions, and especially men, knew a great deal about the restrictions on the exploitation of wildlife resources and about the consequences this had for them.
Information about species identification of bushmeat on sale in the local communities was unreliable, whether the meat was legally or illegally acquired. However, the reliability depended on the position the person concerned had in the trade chain.
The field studies were conducted in Tanzania, while the laboratory work and data analysis were carried out at the Norwegian School of Veterinary Science in Oslo.
Stella Bitanyi defended her PhD research on 5th December 2012 with a thesis entitled "Illegal hunting in the Serengeti ecosystem, Tanzania: social and molecular genetics approaches towards forensic investigations."
* Bushmeat: meat from terrestial wild animals killed for commercial purposes in the humid tropics of the Africa, Asia and the Americas. The term is often used to denote the unsustainable hunting of endangered species.
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Source: http://feedproxy.google.com/~r/Techcrunch/~3/tu46d23R52Y/
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WWE TLC: TABLES, LADDERS & CHAIRS 2012 RESULTS
Pre-Show Match
Naomi won a "Santa's Helpers" No. 1 Contenders Battle Royal to earn a match against Divas Champion Eve (FULL STORY | WATCH |PHOTOS | NAOMI COMMENTS ON WIN)
AJ Lee won "Diva of the Year" as part of the Exclusive WWE.com Slammy Awards presentation (SEE FULL LIST OF WWE.COM WINNERS)
No. 1 Contenders' Tag Team Tables Match
Team Rhodes Scholars def. Rey Mysterio & Sin Cara (FULL STORY | PHOTOS | TEAM RHODES SCHOLARS EXCLUSIVE)
United States Championship Match
Antonio Cesaro (c) def. R-Truth (FULL STORY | PHOTOS | CESARO EXCLUSIVE)
Alberto Del Rio & Ricardo Rodriguez interrupted 3MB's appearance on "Miz TV" (PHOTOS)
Intercontinental Championship Match
Kofi Kingston (c) def. Wade Barrett (FULL STORY | PHOTOS |?KOFI EXCLUSIVE | BARRETT EXCLUSIVE)
Six-Man Tables, Ladders & Chairs Match
The Shield (Dean Ambrose, Seth Rollins & Roman Reigns) def. Ryback & WWE Tag Team Champions Team Hell No (FULL STORY | PHOTOS)
Divas Championship Match
Eve (c) def. Naomi (FULL STORY | PHOTOS | EVE EXCLUSIVE)
World Heavyweight Championship Chairs Match
Big Show (c) def. Sheamus (FULL STORY |?PHOTOS | BIG SHOW EXCLUSIVE)
Alberto Del Rio, The Miz & Brooklyn Brawler def. 3MB (Heath Slater, Jinder Mahal & Drew McIntyre) (FULL STORY | PHOTOS | BROOKLYN BRAWLER EXCLUSIVE | 3MB EXCLUSIVE)
Ladder Match for the Money in the Bank contract
Dolph Ziggler def. John Cena (FULL STORY |?PHOTOS | CENA EXCLUSIVE)
Source: http://www.wwe.com/shows/wwetlc/2012/wwe-tlc-2012-results
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