Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

Gas prices rising in New Hampshire






CONCORD, N.H. (AP) — Gas prices have risen a bit in New Hampshire over the past week.


The average retail price for a gallon of gas averaged $ 3.44 on Sunday, up 4.2 cents from the past week.






The national average also has increased 4.5 cents in the last week, to $ 3.31 a gallon.


The website Gasbuddy.com says prices in New Hampshire were a penny per gallon higher than the same day a year ago, and 5.5 cents per gallon higher than a month ago.


The national average is 6.7 cents per gallon lower than a year ago, and 4.5 cents per gallon lower than a month ago.


Energy News Headlines – Yahoo! News





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Asian shares rally, eye Fed, U.S. data

TOKYO (Reuters) - Asian shares rallied on Tuesday as recent selling drew bargain hunters ahead of more U.S. economic data and a Federal Reserve policy decision later in the week that may offer clues to the Fed's stimulus plans.


European markets were seen following Asia higher, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.3 percent.


U.S. stock futures were up 0.1 percent, hinting at a firm Wall Street start. <.l><.eu><.n/>


Solid U.S. earnings and an improving U.S. business spending gauge have combined with a recent run of positive global economic data, along with signs of easing financial stress in the euro zone, putting upwards pressure on Treasury yields.


Further signs of brightening U.S. growth prospects would fuel speculation the Fed may consider pulling back on aggressive easing stimulus. The Fed ends a two-day policy meeting on Wednesday.


The first estimate of U.S. fourth-quarter gross domestic product also will be released on Wednesday, followed by non-farm payrolls on Friday.


Few expect any immediate change to the Fed's very accommodative monetary stance while other central banks such as the Bank of Japan also embark on fresh easing to help spur economic activities. India's central bank cut interest rates on Tuesday for the first time in nine months.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rallied 0.9 percent to snap a four-day losing streak, led by a 1.1 percent jump in Australian shares <.axjo> to a fresh 21-month high on gains in financial shares.


"It seems that a lower interest rate environment is starting to improve confidence among the Australian business community. Mix this in with the China rebound and we have a sharp rise in confidence," said Ben Taylor, sales trader at CMC Markets.


South Korean shares <.ks11>, which slumped to an 8-week low on Monday, rebounded 0.8 percent.


Japan's Nikkei stock average <.n225> reversed earlier declines and closed up 0.4 percent, buoyed by optimism over earnings of major banks. <.t/>


"With yields on U.S. Treasury and German government bonds inching higher, one might say investors may be shifting funds to riskier assets from safe-havens," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.


The benchmark U.S. 10-year note yield briefly pierced 2 percent on Monday for the first time since last April, and inched up 2.5 basis points (bps) in Asia from New York close. The 10-year Japanese government bond yield also rose.


Naka Matsuzawa, fixed income strategist at Nomura Securities, said in research note that a sell-off in 5-year Treasury notes over the last two days "would not have occurred unless expectations of an economic recovery have gained ground to the extent that the monetary policy outlook begins to change."


"The market is aware that risks are toward more hawkish FOMC statements in the future rather than dovish ones," considering a pick-up in the U.S. economic recovery and stock market rally, as well as the underlying global risk-on trend, he said.


STUBBORN YEN


Yen selling paused, helping to bolster the benchmark South Korean stock index which is vulnerable to exchange rate swings as exporters lead market capitalization.


The dollar fell 0.1 percent to 90.78 yen after touching 91.32 on Monday, its highest level since June 2010, while the euro recouped earlier losses against the yen to steady around 122.10 yen after hitting 122.91 on Monday, its highest point since April.


The euro was at $1.3450, not far from an 11-month high of $1.3480 hit on Friday.


The euro's strength sharply contrasted with the crumbling pound, which has been pressured by worries about the weak UK economy, prospects of more monetary easing by the Bank of England and the UK's unclear role within the European Union.


The euro extended its recent stellar run to hit 0.8575 sterling, its highest since late 2011, on Tuesday. The pound fell to $1.5687, near a five-month low.


"The UK is a small open economy that has benefited from capital inflows because it is not in the euro area but is in the EU. The former is less helpful now, the uncertainty about the latter is a clear negative. The result could be to take EUR/GBP close to 0.90 before long-term downtrend resumes," said Kit Juckes, FX strategist at Societe Generale in a note.


Commodities were underpinned by a more positive global growth outlook.


"I don't think there's much downside risk," said Tetsu Emori, a commodities fund manager at Astmax Investments in Tokyo. "I think economic data out of the United States has improved, so I don't think there are any negative factors in the market."


U.S. crude rose 0.4 percent to $96.80 a barrel and Brent inched up 0.1 percent to $113.64.


London copper gained 0.4 percent to $8,078 a tonne.


Gold inched up 0.4 percent to $1,661.95 an ounce but was capped by receding investor appetite for safe-haven assets.


Asian credit markets lagged the region's rallying equities, pushing the spread on the iTraxx Asia ex-Japan investment-grade index wider by 2 basis points.


(Additional reporting by Jessica Jaganathan in Singapore and Thuy Ong in Sydney; Editing by Eric Meijer & Kim Coghill)



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Bigfoot Blamed for Strange Shrieks






Do new recordings from Oregon’s Blue Mountains offer good evidence of the mysterious bipedal creature known as Bigfoot? That’s what some are claiming after hearing a recording of strange roars and shrieks given to The Oregonian newspaper.


When people think of Bigfoot evidence, casts of big footprints and blurry photos and films often come to mind. But someof the more interesting bits of evidence are sound recordings of alleged vocalizations. One company, Sierra Sounds, markets a CD called “The Bigfoot Recordings: The Edge of Discovery.” Narrated by “Star Trek” actor Jonathan Frakes, the recording claims to have captured vocalizations among a Bigfoot family. The sounds include a series of guttural grunts, howls and growls.The liner notes offer testimonials from a “linguist” whose self-described credentials include playing the flute, speaking several languages, and having “a Russian friend [who] thinks I’m Russian.”






She confidently asserts that the tapes are not faked, and that the vocal range is too broad to be made by a human. She also suggests that Bigfoot individuals have a language, possibly including “Sasquatch swear words.”


In his 1992 book “Big Footprints: A Scientific Inquiry Into the Reality of Sasquatch” (Johnson Books, 1992), physical anthropologist Grover Krantz discussed his experience with Bigfoot recordings: “One … tape was analyzed by some university sound specialists who determined that a human voice could not have made them; they required a much longer vocal tract. A Sasquatch investigator later asked one of these experts if a human could imitate the sound characteristics by simply cupping his hands around his mouth. The answer was yes.” As for other such recordings, Krantz “listened to at least ten such tapes and find[s] no compelling reason to believe that any of them are what the recorders claimed them to be.”


It’s little wonder that one of the top scientific Bigfoot investigators held audio recordings in low regard: Sounds are simply poor evidence. [Infographic: Tracking Belief in Bigfoot]


Other explanations for the Blue Mountain sounds include foxes and coyotes, which — unlike Bigfoot — are known to exist in the area. Just because an animal call seems unusual or mysterious doesn’t mean that it is. There are many factors than can affect how something sounds from far away, including temperature, wind and geographical features such as canyons.


Some suggest perhaps a hoaxer in the area is having a bit of fun with the local legend. And sometimes Bigfoot hunters go deep into the woods and “sound blast” pre-recorded “Bigfoot calls,” hoping to elicit responses from any real Bigfoot nearby. Of course other people in the area can also hear the strange shrieks and howls coming from the dark wilderness and — not knowing that Bigfoot noisemakers are afoot — may report the sounds as genuine and unknown.


Acoustics and Bigfoot


According to “Good Morning America’s John Muller, this latest recording is not the only one; in fact the mysterious sounds have been coming out of the area since at least November. This raises an obvious question: If anyone seriously believes these sounds could be real evidence for Bigfoot, why haven’t investigators been able to photograph or videotape the source of the sounds? For example the cast of the optimistically titled Animal Planet show “Finding Bigfoot” has spent months in that area, and so far have come up empty-handed. Surely a well-financed cable television show would be able to provide its team members with the equipment they need; Neal Karlinsky of ABC News noted that the “Finding Bigfoot” crew has “every bit of cutting edge technology — night vision gear and all the sensors they can get their hands on.” So what’s the problem?


This isn’t rocket science; it’s the science of acoustics. With an array of sensitive microphones placed strategically throughout an area, it’s relatively simple to triangulate the location of a sound to within a few feet almost instantly. If that same area is also covered by an array of wide-angle, high-resolution cameras (using infrared at night), it should be fairly simple to trigger cameras nearest the source of the sound to photograph whatever created it: fox, hoaxer, Bigfoot or something else. Researchers could even use camera-mounted drones to help locate the vocalizations and monitor the area. Another option would be to set up a perimeter around areas where Bigfoot are said to be especially active and use sound-activated cameras. [Rumor or Reality: The Creatures of Cryptozoology]


Surely a group of 8-to-10-foot tall hairy bipedal animals can’t be that hard to find if you place cameras around a hotspot of activity and wait a few weeks. Of course covering huge swaths of wilderness would not be cheap. But it would be a small price to pay if it finally provides hard evidence of Bigfoot — instead of more ambiguous roars, grunts and howls in the wilderness.


Benjamin Radford is deputy editor of “Skeptical Inquirer” science magazine and author of six books including “Tracking the Chupacabra: The Vampire Beast in Fact, Fiction, and Folklore.” His Web site is www.BenjaminRadford.com.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Seoul pulls Asian shares down, solid economic data helps

TOKYO (Reuters) - Tech-heavy South Korean shares led the broader Asian share index lower on Monday on fears of weaker earnings, but improving economic prospects in Europe and solid U.S. profit reports underpinned sentiment.


Gold languished near two-week lows and was capped as the improving global macroeconomic environment has curbed interest in safe haven assets.


"Investors would rather move their money into equities or bulk commodities from safe-haven assets," said Li Ning, an analyst at Shanghai CIFCO Futures.


European markets were seen edging higher, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open up as much as 0.3 percent. U.S. stock futures were up 0.1 percent, hinting at a firm Wall Street start. <.l><.eu><.n/>


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> fell 0.4 percent, dragged lower by a 1.9 percent plunge in its technology sector <.miapjit00pus>. Among the regional equities markets, only Seoul and Jakarta, which stayed near its lifetime highs, were in the red.


The Korea Composite Stock Price Index <.ks11> extended losses to close down 0.4 percent after touching an 8-week low, as a weakening yen soured the outlook for local exporters and foreign investors reduced their holdings.


Tech heavyweight Samsung Electronics shed 3.2 percent to a 10-week low, exposing the industry's vulnerability to a clouding outlook for high-end smartphone device shipments


"Concerns about South Korean tech firms' fundamentals have increased, with high-end smartphone device shipments expected to slow down this year," said Park Young-joo, an analyst at Woori Investment & Securities.


Global investor sentiment improved on Friday as a rise in the German Ifo business morale index gave further evidence for Europe's largest economy picking up speed, and European banks were to repay the European Central Bank a larger sum of money than expected to highlight a stabilizing euro zone financial system.


In China, data on Sunday showed profits earned by industrial companies rose 17.3 percent in December from a year earlier to 895.2 billion yuan ($143.9 billion), adding to evidence of a fourth-quarter economic recovery.


Spot gold steadied around $1,659.90 an ounce on Monday, still below its 200-day moving average.


U.S. crude inched up 0.2 percent to $96.09 a barrel and Brent steadied around $113.27.


London copper, another industrial commodity linked to demand prospects, rose 0.4 percent to $8,061.25 a metric ton (1.1023 tons).


YEN UNDER PRESSURE


The yen extended losses to fresh lows earlier in the session, but Japanese equities gave up morning gains ahead of Japan's corporate reporting season, which enters full swing this week.


Japan's Nikkei stock average <.n225> closed down 0.9 percent after briefly striking a fresh 32-month high above 11,000 in the morning. It jumped 2.9 percent on Friday to log an 11th straight week of gains, its longest such run since 1971. <.t/>


Against the yen, the dollar hit 91.26 early on Monday, its highest level since June 2010 while the euro touched 122.91, its highest point since April.


Analysts estimate that a one-yen decline against the dollar is worth around a 1 percent increase in combined recurring profits at all listed Japanese firms. Of total estimates for companies, there are more analysts' upgrades than downgrades.


New Prime Minister Shinzo Abe has called for aggressive monetary easing and huge fiscal spending to beat deflation. The yen has fallen some 13 percent since mid-November when he began making those calls as part of his election campaign.


"The potent mix of Abenomics and strong risk appetite abroad is continuing to soften the yen, which means investors will still be buying stocks," said Masayuki Doshida, senior market analyst at Rakuten Securities.


In sharp contrast to U.S. and German equities, the Nikkei remains well below levels before the financial crisis in 2008, reflecting the magnitude of negative effect from the yen's strength. The benchmark Standard & Poor's 500 Index <.spx> closed at its highest in more than five years on solid U.S. corporate earnings on Friday and Frankfurt's DAX index <.gdaxi> also scaled five-year highs.


The yen is stronger than around 105 to the dollar before the 2008 financial crisis, but the euro hovers well below the pre-crisis levels. The Korean won is weaker against pre-Lehman levels against both the dollar and the yen.


Investors will focus this week on the Federal Reserve's Open Market Committee statement on Wednesday and U.S. nonfarm payrolls due on Friday.


Sluggish equities weighed on Asian credit markets, widening the spread on the iTraxx Asia ex-Japan investment-grade index by 1 basis point.


($1 = 0.7421 euros)


(Additional reporting by Joyce Lee in Seoul, Sophie Knight in Tokyo and Rujun Shen in Singapore; Editing by Kim Coghill and Richard Borsuk)



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Energy-Guzzling Cities Changing Weather 1,000 Miles Away






The heat released by everyday activities in energy-guzzling cities is changing the weather in far-away places, scientists report today (Jan. 27).


The released heat is changing temperatures in areas more than 1,000 miles away (1609 kilometers). It is warming parts of North America by about 1 degree Fahrenheit (0.6 degrees Celsius) and northern Asia by as much as 1.8 degrees Fahrenheit (1 degree Celsius), while cooling areas of Europe by a similar amount, scientists report in the journal Nature Climate Change.






The released heat (dubbed waste heat), it seems, is changing atmospheric circulation, including jet streams — powerful narrow currents of wind that blow from west to east and north to south in the upper atmosphere. 


This impact on regional temperatures may explain a climate puzzle of sorts: why some areas are having warmer winters than predicted by climate models, the researchers said. In turn, the results suggest this phenomenon should be accounted for in models forecasting global warming.


“There’s a tendency in climate science to overlook the effects of cities,” Brian Stone, a professor of city and regional planning at Georgia Tech, told LiveScience. “Cities occupy just a few percent of the global land surface, but the amount of energy released as waste heat is contributing downwind to pretty significant changes in climate. I hope this will encourage us to focus more on cities as important drivers of climate change,” added Stone, who was not involved in the current study. [8 Ways Global Warming Is Already Changing the World]


Hot in the city


Cities are known to be warmer than their surroundings due to what’s known as the urban heat island effect — pavement, buildings and other building materials retain heat, preventing it from reradiating into the sky.


In the new study, the researchers looked at another kind of “urban heat,” this one produced directly by transportation, heating and cooling units, and other energy-consuming activities.


“The burning of fossil fuel not only emits greenhouse gases, but also directly affects temperatures because of heat that escapes from sources like buildings and cars,” said study researcher Aixue Hu, of the National Center for Atmospheric Research (NCAR), in a statement. “Although much of this waste heat is concentrated in large cities, it can change atmospheric patterns in a way that raises or lowers temperatures across considerable distances.”


Hu and colleagues studied the energy effect using the National Center for Atmospheric Research (NCAR) model, a widely used climate model that takes into account the effects of greenhouse gases, topography, oceans, ice and global weather. The researchers ran the model with and without the input of human energy consumption, to see whether it could account for large-scale regional warming.


When man-made energy was included in the model, it led to winter and autumn temperature changes of up to 1.8 degrees F (1 degree C) in mid- and high-latitude parts of North America and Eurasia. The modeling is based on estimates, however, and more studies are needed to measure how much heat is actually released by urban areas.


Heat disrupts jet stream


Here’s how the scientists think it works: Energy-hungry metropolitan areas are located on the east and west coasts of North America and Eurasia, beneath major “hot spots” of atmospheric circulation. The waste heat from these cities creates thermal mountains, or taller-than-normal columns of heated air, which cause air jets moving eastward to deflect northward and southward.


As a result, the jet stream in upper latitudes widens and strengthens, bringing up hot air from the south and causing warming far from the urban areas (and concurrent cooling in others).


“The energy consumption in highly populated areas can cause changes in wind patterns, and that causes climate change far away from the heating source,” said meteorologist and study author Ming Cai of Florida State University.


Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.


Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.


The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.


The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.


"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."


The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.


The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.


That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.


MUTUAL FUND INVESTORS COME BACK


All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.


Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.


More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.


"If you peel back the onion a little bit, you start to look at companies like Precision Castparts , Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minnesota.


The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.


Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.


"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.


The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.


JOBS DATA MAY TEST THE RALLY


In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.


Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.


The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.


"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."


A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc , Amazon.com Inc , Ford Motor Co and Pfizer Inc .


On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.


Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.


"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."


For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.


(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)



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Mass Human Sacrifice? Pile of Ancient Skulls Found






Archaeologists have unearthed a trove of skulls in Mexico that may have once belonged to human sacrifice victims. The skulls, which date between A.D. 600 and 850, may also shatter existing notions about the ancient culture of the area.


The find, described in the January issue of the journal Latin American Antiquity, was located in an otherwise empty field that once held a vast lake, but was miles from the nearest major city of the day, said study co-author Christopher Morehart, an archaeologist at Georgia State University.






“It’s absolutely remarkable to think about this little nothing on the landscape having potentially evidence of the largest mass human sacrifice in ancient Meso-America,” Morehart said.


Middle of nowhere


Morehart and his colleagues were using satellite imagery to map ancient canals, irrigation channels and lakes that used to surround the kingdom of Teotihuacan (home to the Pyramid of the Sun), about 30 miles (50 kilometers) from Mexico City. The vast ancient kingdom flourished from around A.D 200 to 650, though who built it remains a mystery. [In Photos: Amazing Ruins of the Ancient World]


In a now drained lake called Lake Xaltocan, around which was essentially rural farmland at the time, Morehart stumbled upon a site with evidence of looting.


When the team investigated, they discovered lines of human skulls with just one or two vertebra attached. To date, more than 150 skulls have been discovered there. The site also contained a shrine with incense burners, water-deity figurines and agricultural pottery, such as corncob depictions, suggesting a ritual purpose tied to local farming. [See images from the grisly excavation ]


Carbon dating suggested that the skulls were at least 1,100 years old, and the few dozen analyzed so far are mostly from men, Morehart told LiveScience. The researchers did not release photos of the skulls because the sacrifice victims may have historic ties to modern-day indigenous cultures.


The findings shake up existing notions of the culture of the day, because the site is not associated with Teotihuacan or other regional powers, said Destiny Crider, an archaeologist at Luther College in Iowa, who was not involved in the study.


Human sacrifice was practiced throughout the region, both at Teotihuacan and in the later Aztec Empire, but most of those rituals happened at great pyramids within cities and were tied to state powers.


By contrast, “this one is a big event in a little place,” Crider said.


The shrines and the fact that sacrifice victims were mostly male suggest they were carefully chosen, not simply the result of indiscriminate slaughter of a whole village, Crider told LiveScience.


Many researchers believe that massive drought caused the fall of Teotihuacan and ushered in a period of warfare and political infighting as smaller regional powers sprang up, Morehart said.


Those tumultuous times could have spurred innovative — and bloody — practices, Crider said.


“Maybe they needed to intensify their activities because everything was changing,” she said. “When things are uncertain you try new strategies.”


Follow LiveScience on Twitter @livescience. We’re also on Facebook & Google+


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Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.


Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.


The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.


The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.


"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."


The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.


The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.


That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.


MUTUAL FUND INVESTORS COME BACK


All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.


Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.


More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.


"If you peel back the onion a little bit, you start to look at companies like Precision Castparts , Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minnesota.


The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.


Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.


"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.


The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.


JOBS DATA MAY TEST THE RALLY


In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.


Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.


The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.


"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."


A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc , Amazon.com Inc , Ford Motor Co and Pfizer Inc .


On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.


Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.


"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."


For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.


(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)



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Antarctica and the Big Bang: Science at the World’s Bottom






Dutch science journalist Govert Schilling recently visited Antarctica‘s McMurdo research station on a National Science Foundation-sponsored trip for reporters. Here, the writer offers his first-hand take on science at the bottom of the world.


In December, I spent some time at the Antarctica Hilton. This sounds much fancier than it really was. In fact, the “Hilton” is the nickname of a small shed at the intersection of two snow-covered “roads” in the vicinity of McMurdo Station, home base for American researchers on the southernmost continent, Antarctica.






One of these roads led to the Long Duration Balloon (LDB) facility, a staging ground where high-altitude balloons carrying science experiments are launched. After I made a visit to the LDB, camp manager Scott Battaion had dropped me off at the “hotel,” along with Shaul Hanany of the Univerity of Minnesota, the principal investigator of a soon-to-be-launched balloon experiment. Within a few minutes, a shuttle would pick us up for the remaining 6 miles (10 kilometers) or so to “McTown.”


Outside the shed, as far as the eye could see, there were snow-covered ice fields beneath a clear-blue sky, with white Mount Erebus — the southernmost active volcano in the world — gently smoking in the background. Shaul got a bit restless when the shuttle didn’t show up for five, then 10, then 15 minutes. Personally, I didn’t mind too much: The delay provided me with a chance to discuss the hottest episode in the history of the universe — the Big Bang — on the coldest continent of our planet — Antarctica.


Finally, a small dot appeared on the horizon. It turned out that the four-wheel-drive van had gotten stuck in a snow drift. Half an hour later I was back “home,” ready for dinner at the McMurdo galley, and hopefully some more interesting encounters with Antarctic scientists.


I was fortunate enough to have been selected by the National Science Foundation as one of three participants on the 2012/2013 media trip to report on the United States Antarctic Program. This was a unique opportunity to visit the frozen continent, journey to the southernmost point of the planet, and meet a bewildering variety of scientists, from microbiologists and penguin researchers to glaciologists, climatologists, particle physicists and cosmologists. Cold as it was, this was scientific heaven. [Images: Life at Antarctica's Concordia Station]


Visiting the South Pole


Sure enough, the highlight of our visit was a day trip to the Amundsen-Scott South Pole Station on Dec. 10 — a flight of just under three hours for the propeller-driven military LC-130 Hercules freight carrier that is one of the few available aircraft able to land on the ice, using skis.


“It’s a very warm day,” said station support supervisor Andrea Dixon. Indeed, the temperature was a balmy minus 17 degrees Fahrenheit, which felt like minus 35 degrees F with the wind chill (minus 27 degrees Celsius, which felt like minus 37 degrees C), which, by the way, was still low enough to numb your fingers if you took off your gloves for more than a few minutes to take photographs.


Almost as daunting was the relative shortage of oxygen — the South Pole is at an altitude of 9300 feet (2835 meters) above sea level. Especially when wearing all the NSF-provided extreme-cold-weather gear, walking a flight of stairs became an exhausting endeavour.


Given all the activity going on at the South Pole, I found it hard to believe that it’s only been just over a century since Norwegian explorer Roald Amundsen first reached this spot, followed just over a month later by his British rival Robert Scott, whose team perished on the way back. Now, the U.S. station is a miniature village, complete with kitchen, sleeping rooms, shop, post office, gym and sauna. During austral summers, when the sun never sets, some 150 people live and work here; during the prolonged winters, about 20 stay behind to keep things going. [Race to the South Pole in Images]


But in this forbidding frozen environment, you can’t help notice that human presence is ultimately governed by the elements. Both the new, elevated South Pole Station and the Ice Cube Laboratory, where cosmic neutrinos are being studied, had to be designed in such a way that they can be cranked up to higher elevations in the future, lest they become buried under accumulating snow drifts.


Meanwhile, all human edifices are inexorably driven toward the remote ocean, at a rate of about 33 feet (10 meters) per year, by the glacial motion of the Antarctic ice sheet. That’s why the marker for the true geographical South Pole has to be relocated every year, in a small ceremony on New Year’s Day.


Neutrino lab


Obviously, it was exciting to visit the data center of the IceCube Neutrino Observatory (the actual observatory can’t be seen at all — it consists of more than 5,000 sensitive detectors melted in 0.2 cubic miles, or 1 cubic kilometer, of polar ice). And it was thrilling to get a closeup view of the 10-meter South Pole Telescope, which studies the cosmic microwave background, also known as the “afterglow of creation” left behind by the Big Bang. Not to mention the excitement of discussing meteorite hunting with a NASA astronaut, and visiting the payload assembly hall for long-duration balloon flights.


But what struck me most during my visit was the passion and perseverance of scientists — biologists, geologists and astronomers alike — in their quest for knowledge.


They leave home and family behind for weeks or months on end. They fly to the most inhospitable continent of the planet, crammed up in the cargo bay of a Hercules. They have to attend classrooms and field trips to learn about survival techniques and safety measures in the harsh Antarctic environment. And then, they finally set off on their own expeditions, often working more than 12 hours per day, sleeping in tents, fighting the elements — all that to gain a better insight into the workings of our changing planet, its vulnerable biosphere and the vast universe it is part of.


When I flew back to Christchurch, New Zealand, on Dec. 13, I left a frozen world full of mysteries, and a vibrant community of truth-seekers committed to unlocking these secrets. And I took something with me (in addition to lasting memories and hundreds of pictures): a small bottle with “the cleanest air in the world,” sampled and sealed at NOAA’s Atmospheric Research Observatory at the South Pole. It will remain on my desk as a reminder of the purity of Antarctica.


Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook & Google+.


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





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Asian shares down; Seoul hit by weak techs but Nikkei surges

TOKYO (Reuters) - Asian shares fell on Friday, hurt by a drop in regional technology stocks and on caution ahead of the corporate earnings season, but gains in Japan and Australia limited overall losses for equities.


Upbeat manufacturing reports from the United States, Germany and China underpinned sentiment for other assets, supporting copper while curbing selling pressure in oil.


"The PMI indicators from the U.S., Europe and China should serve to keep markets tracking higher," said CMC Markets senior trader Tim Waterer in Sydney.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> eased 0.5 percent, and was set for a weekly drop of 1 percent, its biggest such loss in two months.


A 1.4 percent slide in the technology sector <.miapjit00pus> dragged the pan-Asian index down, as tech-heavy markets such as South Korea and Taiwan fell.


Seoul shares <.ks11> declined 0.9 percent, weighed by weak profits for automakers, while tech shares continued to falter as Samsung Electronics announced cautious spending plans for the first time since the global financial crisis.


Shares of Apple Inc's suppliers extended their declines after Apple's below-estimate results announced earlier in the week: Taiwan's Largan Precision weakened and Samsung shares shed as much as 3.3 percent.


Hong Kong <.hsi> and Shanghai <.ssec> were the other laggards as investors took profits from recent rallies and remained cautious ahead of the upcoming earnings season.


A 0.3 percent rise in London copper to $8,118 a metric ton and gold prices steadying around $1,669 an ounce helped push commodity-reliant Australian shares <.axjo> up 0.5 percent to a fresh 21-month high, marking an eighth straight session of gains.


U.S. crude eased 0.1 percent to $95.87 a barrel and Brent inched down 0.2 percent to $113.11.


"It now seems that the stronger tone in global equity markets, coupled with a notable easing in European and US market tensions, is leading to short-term pressure on gold," said Ed Meir, an analyst at INTL FCStone, in a research note.


European markets are seen falling, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open down as much as 0.4 percent. U.S. stock futures were down 0.2 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>


JAPAN IN SPOTLIGHT


Japan's Nikkei stock average <.n225> outperformed its Asian peers with a 2.9 percent surge as the yen hit fresh lows versus the dollar and the euro on expectations Japan will continue to pursue bold policies to beat deflation and stimulate growth. The Nikkei rose for an 11th straight week. <.t/>


"Trading on Japan is gaining momentum among foreign investors, centering around the dollar/yen, which has dictated Nikkei's direction," said Tetsuro Ii, the chief executive of Commons Asset Management.


The yen's slide bolsters sentiment for Japanese equities as it lifts earnings prospects for exporters, ahead of the quarterly earnings season set to start next week.


The dollar scaled its highest level since June 2010 to reach 90.695 yen early on Friday and the euro rose to 121.32, its highest since April 2011. Prime Minister Shinzo Abe's new administration has made clear it wants a weaker yen, providing investors a reason to short the currency.


More than 80 percent of Japanese firms are in favor of Abe's drive for aggressive monetary easing and huge fiscal spending, though most also feared Japan would face a debt crisis within a few years, according to a Reuters poll.


The yen's two-month decline has more legs, many traders and analysts believe, noting the yen has barely caught up to levels before a potential debt default by Greece sparked the euro zone debt crisis and sent the euro plummeting nearly three years ago.


The yen was around 95 yen against the dollar and 123 yen against the euro early in May 2010 when protests flared up in Greece against its austerity steps in exchange for a bailout.


Despite the recent rallies, the Nikkei remains well below levels before the 2008 financial crisis while the Standard & Poor's 500 Index <.spx> and Germany's benchmark stock index have both already exceeded that level, thanks to the weakness of the euro and the dollar, measured against a basket of currencies.


"JPY weakness should continue over the coming year driven by an expansion of the Bank of Japan's balance sheet relative to the European Central Bank and the Federal Reserve," said Kit Juckes, FX strategist at Societe Generale in a note. "I don't know how long the USD/JPY is going to pause at around 90, but a move to 100 still seems very likely in the longer run."


(Additional reporting by Victoria Thieberger in Melbourne and Rujun Shen in Singapore; Editing by Shri Navaratnam)



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John Kerry: ‘No one should mistake our resolve’ on Iran’s nuclear program






Sen. John Kerry used his confirmation hearing Thursday to paint an expansive picture of the foreign policy he would promote as the next secretary of State – saying economic development, climate change, and human rights must be as much a part of America’s role in the world as “drones and deployment.”


Appearing before the Senate Foreign Relations Committee, which he still chairs, Senator Kerry (D) of Massachusetts said, “This really is a time for American leadership.” But, he warned, the US would be unable to continue its “essential” role in the world if it does not first “put its own [fiscal] house in order.”






“We can’t be strong in the world unless we are strong at home,” he said.


RECOMMENDED: War with Iran? 5 ways events overseas could shape Obama’s second term.


Yet even as he emphasized the importance he would place on soft-power issues like development and democracy promotion, Kerry made a point of reiterating President Obama’s commitment to preventing Iran from obtaining a nuclear weapon.


“Our policy is not containment. It is prevention,” he said, underscoring an issue that could very well dominate the initial months of his presumed tenure at the State Department. “No one should mistake our resolve” to stop Iran from developing a nuclear weapon, he added.


Kerry, accompanied by his wife, Teresa Heinz Kerry, and one of his two daughters, bathed in the accolades and good wishes of his committee colleagues from both sides of the aisle. The hearing’s overall tone left little doubt that Kerry can anticipate easy confirmation.


Get our FREE 2013 Global Security Forecast now


Despite the warm atmosphere, however, several senators made it clear that their respect for Kerry does not extend to Mr. Obama’s foreign policy. Sen. Marco Rubio (R) of Florida said he has “struggled to fully understand what President Obama’s vision for the world is,” while other Republicans focused their criticism on the administration’s handling of the Sept. 11 terrorist attack in Benghazi, Libya, and the civil war in Syria.


Even the Democratic senator who presided over the hearing, Robert Menendez of New Jersey, took a moment to outline his opposition to some of Obama’s Cuba policy – suggesting how Congress and the White House will remain at odds on certain foreign-policy issues.


Sen. John McCain (R) of Arizona – who joined Secretary of State Hillary Rodham Clinton and Massachusetts’ other Democratic senator, Elizabeth Warren, in introducing Kerry – concluded his endorsement of Kerry’s confirmation by saying he recommended him “without reservation.”


But later in the four-hour-long hearing, Senator McCain turned more combative as he took up two divisive issues. McCain repeated his view that the administration “misled” the American people on what happened in Benghazi, and he seemed to put Kerry on notice when he said, “Some of us will not give up on this.”


McCain then blasted the administration’s lack of intervention in the Syria conflict. Saying, “We can do a lot more without putting American boots on the ground,” he reiterated his support for a no-fly zone and for arming the rebels fighting to depose President Bashar al-Assad.


Kerry responded by outlining the factors underpinning the administration’s reluctance to take more forceful steps: the growing role of anti-Western Islamists in the fight, the dangers that a splintering Syria would pose to the region, and the threat of chemical weapons no longer under the central government’s control.


In response to McCain’s assertion that “every day that goes by it gets worse” in Syria, Kerry said the US had to be sure that the steps it does take “have to make things better” and not worse.


Kerry, the son of a Foreign Service officer, said he was proud to have Senate experience, but he choked up when he said he was also proud to have “foreign service in my blood.”


Kerry honed his diplomatic skills over more than two decades of traveling the world as a senator and foreign-policy specialist. More recently he became Obama’s go-to guy for sensitive diplomatic missions to the difficult leaders of Afghanistan and Pakistan. He also carried out delicate assignments to Egypt and Syria.


Indeed, it is Kerry’s knack for building relationships with some of the world’s more troublesome leaders that led some foreign-policy experts to question Kerry’s nomination. For example, Kerry developed a relationship with Mr. Assad, saying as recently as March 2011, “My judgment is that Syria will move, Syria will change, as it embraces a legitimate relationship with the United States and the West.”


Kerry addressed his past views on Assad, saying he is convinced the Syrian leader “did want to move” his country forward. But “since then he had made a set of judgments that are inexcusable and reprehensible,” Kerry said, adding he now believes that “time is ticking” on Assad’s time in power.


The hearing was interrupted once by a heckler in the back of the room, a woman in a pink hat who followed Kerry’s tough stand on Iran with shouts about friends dying in the Middle East and “make peace with Iran!”


Kerry handled the boisterous protest with aplomb, noting that he, as a young Vietnam veteran, had also come to Congress to make his opposition to US policy known.


RECOMMENDED: War with Iran? 5 ways events overseas could shape Obama’s second term.


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Asian shares fall, choppy after China PMI, North Korea threat

TOKYO (Reuters) - Asian shares fell on Thursday in choppy trade, as positive Chinese manufacturing data was eclipsed by North Korea threatening a nuclear test and on below-view results from Apple Inc .


"Markets see a global economic recovery trend but there is no consensus on the strength of growth, capping many markets. Equities have been clearly benefiting from accommodative monetary conditions," said Koichiro Kamei, managing director at financial research firm Market Strategy Institute.


China's HSBC flash purchasing managers' index (PMI) rose to 51.9 in January to a two-year high, signaling a rebound in manufacturing activity and confirming a recovery in the world's second largest economy was on track.


However, while the data briefly spurred markets higher, geopolitical uncertainty on the Korean peninsula and Apple's disappointing earnings dented overall demand.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> was down 0.4 percent after rising as much as 0.2 percent earlier. The index briefly touched a fresh 17-1/2-month high the day before, exposing many bourses to profit taking pressures ahead of the regional earnings season set to start in earnest later this month.


The pan-Asia index's technology sector <.miapjit00pus> and the region's Apple suppliers fell after the world's largest technology company missed revenue forecast for the third straight quarter after iPhone sales undershot expectations, sending its shares down over 10 percent in after-hours trading.


A sharp drop in Apple's component suppliers such as South Korea's LG Display and Taiwan's Hon Hai dragged South Korean shares <.ks11> down 0.9 percent and Taiwan stocks <.twii> down 0.6 percent.


China shares <.ssec> surrendered strong early gains, weighing on Hong Kong <.hsi>, after North Korea said it would carry out a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy".


Bucking the trend, Australian shares rose 0.5 percent <.axjo> to a fresh 21-month high after reversing morning losses after the data from China, Australia's top export market.


The data also helped push Japan's Nikkei stock average <.n225> up 1.3 percent, as firms with high exposure to the Chinese economy notching up gains. Most Japanese suppliers to Apple also recouped earlier losses.


"The underlying tone is still bullish, so even bad news about Apple or whatever doesn't hit stocks too hard," said Masato Futoi, head of cash equity trading at Tokai Tokyo Securities, adding that three days of losses spurred dip-buying. <.t/>


European markets are seen easing, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open down as much as 0.1 percent. U.S. stock futures were down 0.3 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>


YEN BUYING HALTED


The two-day yen buying spree came to a pause. The currency's recent rebound came after the Bank of Japan's latest policy easing steps on Tuesday failed to provide immediate stimulus as expected by some investors. The BOJ pledged to achieve a 2 percent inflation target and promised to start open-ended asset buying from 2014.


The dollar rose 0.8 percent to 89.33 yen while the euro also advanced 0.8 percent to 118.93 yen. The yen is still down 12 percent from its mid-November levels, when markets began pricing in strong monetary accommodation from the BOJ.


Many market players believe the yen's weakness will persist due to widespread expectations the BOJ will continue pursuing aggressive monetary easing policies to beat the country's stubborn deflation.


"I think we will struggle to break 91, but I will still keep looking for us to trade above 90 in the short-term," said Jesper Bargmann, Asia head of G11 spot FX for RBS in Singapore, referring to the outlook for the dollar versus the yen over the next week or so.


Data on Thursday confirming a deteriorating Japanese trade balance also encouraged yen selling, traders said. Japan logged a record annual trade deficit in 2012.


Investors were aalso reminded of the challenges facing the global economy on Wednesday when the International Monetary Fund predicted that an unexpectedly stubborn euro zone recession and weakness in Japan will hurt world growth. A Reuters poll also showed Asian economies will see weaker growth this year despite expected policy easing by central banks.


U.S. crude rose 0.4 percent at $95.57 a barrel while Brent steadied at $112.78.


London copper was down 0.3 percent at $8.076 a tonne and spot gold fell 0.4 percent to $1,678.81 an ounce, slipping from a recent one-month high.


(Additional reporting by Sophie Knight in Tokyo and Masayuki Kitano in Singapore; Editing by Shri Navaratnam)



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Jan. 25: Opposite Day, National Irish Coffee Day, Observe the Weather Day






Opposite Day


Have you ever had a day where you feel like up is down and right is left? Well, imagine making those changes on purpose … today is “Opposite Day!” It’s great fun for both kids and kids at heart. Here are some fun ways to celebrate this crazy, mixed up day:






* Exchange chores with your children. Go to bed early and let them stay up late.


* Have breakfast for dinner.


* Call your boss and tell him you are staying home today because you feel well.


* Watch the 2008 comedy movie “Opposite Day.” You can check out the synopsis on Yahoo! Movies.


National Irish Coffee Day


Irish Coffee is said to have originated in the Port of Foyne in Ireland. It was served one evening to weary travelers after their flight had to return due to bad weather. It was made famous in 1952 when Jack Koeppler, owner of Buena Vista in San Francisco, brought the recipe back to the United States.


The original recipe was:


Cream — Rich as an Irish Brogue


Coffee — Strong as a Friendly Hand


Sugar — Sweet as the tongue of a Rouge


Irish Whiskey — Smooth as the Wit of the Land


Today is “National Irish Coffee Day.” You can celebrate by making up this great recipe from Yahoo! Voices.


World’s Best Irish Coffee Recipe


Observe the Weather Day


Have you ever found yourself saying that it looks or feels like rain? If so, that’s not surprising, as we can tell a lot about the weather from simple observation. Folk tales such as woolly caterpillar sightings and groundhog shadows (or lack thereof) are still believed by some to be excellent predictors of weather.


A better indicator would probably be cloud formations, however. Clouds can tell us a great deal about what to expect from the skies for the next 24 to 48 hours.


* Cirrus clouds are high level clouds that are wispy and feathery. They can indicate an approaching storm.


* Stratus clouds are flat and layered. They can produce rain or snow.


* Cumulus clouds look like fluffy cotton balls and generally mean fair weather.


Today is “Observe the Weather Day.” Why not take a stab at making some predictions of your own? Then relax for an evening of entertainment by watching the 2005 movie “The Weather Man” starring Nicolas Cage and Michael Caine. You can check out the details on Yahoo! Movies.


Weather News Headlines – Yahoo! News





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Asian shares retreat, Nikkei hit hard as yen stays firm

TOKYO (Reuters) - Asian shares retreated from multi-month highs on Wednesday amid caution as the earnings season gathers pace, with Tokyo stocks falling to three-week closing lows in response to a firm yen.


"Asian markets have been climbing steadily and it's natural for investors to want to book profits as the region's earnings season begins in full force later this month," said Hirokazu Yuihama, a senior strategist at Daiwa Securities in Tokyo.


"The uptrend remains intact given improving fundamentals globally, so selling like this is a healthy correction that may lead to putting a solid floor to prices," he said.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> fell 0.3 percent after earlier reaching a 17-1/2-month high. The index has risen nearly 30 percent since a low touched in June, 2012.


The yen held firm against the dollar and the euro as monetary easing announced on Tuesday by the Bank of Japan failed to provide an immediate stimulus as some had hoped, though many analysts acknowledged the BOJ's resolve to tackle Japan's stubborn deflation and economic stagnation.


The stronger yen hurt Japanese exporters, dragging the benchmark Nikkei average <.n225> down 2.1 percent to a three-week closing low. The yen has weakened by around 12 percent since mid-November against the dollar, and boosted the Nikkei by more than 20 percent as a weaker yen improved exporters' earnings outlook. <.t/>


The BOJ on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets starting 2014, sparking an unwinding of yen short positions from speculators looking for more immediate easing step.


The dollar fell 0.6 percent to 88.20 yen while the euro slid 0.7 percent to 117.45 yen. The dollar hit a 2-1/2-year high of 90.25 yen on Monday.


Many still believe the yen will resume its recent downtrend, seeing the latest rebound in the Japanese currency as a correction to its rapid and sharp decline.


With the BOJ joining the continued push by global central banks to support growth, Morgan Stanley said in a research note that policy easing by central banks was positive for emerging markets, with more bond portfolio inflows increasingly towards local markets.


"Our key themes for 2013 are rebalancing and reflation, with both prevalent so far this year. Even given a migration towards global equities and away from fixed income, emerging market fixed income remains well-placed," it said.


Elsewhere, Hong Kong and Chinese shares were among the hardest hit as investors took profits from recent gains, with indexes faltering at technical resistances. Hong Kong <.hsi> shares slipped from a 19-1/2-month high and were down 0.4 percent while Shanghai shares <.ssec> fell 0.5 percent, moving further away from a 7-1/2 month high.


"We have risen by quite a bit in a very short time, so investors have been taking some profit in the last week or so, looking for new ideas to rotate into," said Larry Jiang, chief strategist at Guotai Junan International Securities.


Australian shares <.axjo> bucked the trend to edge up 0.2 percent to their highest close in almost 21 months after miner BHP Billiton gained after reporting a rise in quarterly iron ore production.


BETTER ENVIRONMENT


European markets are seen rising, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open as much as 0.4 percent higher. U.S. stock futures were down 0.2 percent, pointing to a softer Wall Street start. <.l><.eu><.n/>


On Tuesday, hopes of an improvement in the global economy led the Standard & Poor's 500 Index <.spx> to a five-year high.


Investors were also cheered by easing worries over the U.S. budget crisis.


Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit to May 19.


U.S. crude was down 0.1 percent to $96.59 a barrel and Brent eased 0.2 percent to $112.23.


Spot gold was at $1,692.66 an ounce, near Tuesday's one-month high of $1,695.76, while London copper traded down 0.3 percent at $8,107 a metric ton but clinging near a one-week high of $$8,144.50 hit on Tuesday.


(Additional reporting by Clement Tan in Hong Kong; Editing by Shri Navaratnam)



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What holds energy tech back? The infernal battery






WASHINGTON (AP) — As 21st century technology strains to become ever faster, cleaner and cheaper, an invention from more than 200 years ago keeps holding it back. It’s why electric cars aren’t clogging the roads and why Boeing’s new ultra-efficient 787 Dreamliners aren’t flying high.


And chances are you have this little invention next to you right now and probably have cursed it recently: the infernal battery.






Boeing is the first company to make extensive use in an airliner of technology’s most advanced battery — lithium ion. But a Jan. 7 battery fire aboard a Dreamliner in Boston, followed by a similar meltdown in Japan, led authorities around the world to ground the fleet this month, highlighting a longstanding safety problem that engineers have struggled with.


In 2006 and 2007, more than 46 million cellphone batteries and 10 million laptop batteries — all lithium ion — were recalled because of the risk of overheating, short-circuiting and exploding. Additional safety features have been installed since then on lithium ion batteries used in consumer electronics.


As for the electric car industry, lithium ion batteries have proved to have two major drawbacks: They are costly, and they do not allow automobiles to go far enough between rechargings. A123, a maker of lithium ion batteries for electric cars, went bankrupt last year because of poor demand and high costs after receiving a $ 249 million federal grant.


Lithium ion batteries, which store more energy at a higher voltage and a lighter weight than earlier types, represent the most recent big jump in battery technology. And that took place nearly a quarter of a century ago.


“We need to leapfrog the engineering of making of batteries,” said Lawrence Berkeley National Lab battery scientist Vince Battaglia. “We’ve got to find the next big thing.”


But none of the 10 experts who talked to The Associated Press said they know what that big thing will be yet, or when it will come.


“If you crack it … it’ll change the world,” said Carnegie Mellon University materials science professor Jay Whitacre.


Batteries are so crucial to a greener energy future that the Obama administration has spent more than $ 2 billion to jump-start the advanced battery industry, including setting up what some experts say is a mini-Manhattan Project for batteries.


To make the next breakthrough, researchers will have to master complex chemistry, expensive manufacturing, detailed engineering, a variety of different materials, lengthy testing, stringent safety standards and giant cost problems. It involves dealing with liquids and solids, metals and organic chemicals, and things that are in between, said Glenn Amatucci, director of the Energy Storage Research Group at Rutgers University.


“We’re dealing with a system that you can imagine is almost alive. It’s almost breathing,” Amatucci said. “Trying to understand what’s happening within these batteries is incredibly complex.”


One reason the battery is the slowpoke of the high-tech highway is that it has conflicting functions. Its primary job is to store energy. But it’s also supposed to discharge power, lots of it, quickly. Those two jobs are at odds with each other.


“If you want high storage, you can’t get high power,” said M. Stanley Whittingham, director of the Northeast Center for Chemical Energy Storage. “People are expecting more than what’s possible.”


On the commercial market, lithium ion batteries are generally ones small enough to fit into cellphones. But to power bigger items — from a Prius to a 787 — they get grouped together, increasing the juice they store and provide. That also increases the safety risk, experts say. The lithium ion battery that caught fire in a Boeing 787 weighed 63 pounds and was 19 inches long.


“You can’t get around the fundamental thing is that lithium ion batteries are stuffed full of flammable liquid,” Whitacre said.


Even one-in-a-million problems with lithium ion batteries can result in many fires because there are billions of them in use now, with dozens sometimes stacked together in a single device.


Experts say lithium ion batteries are more dangerous because their electrolyte, the liquid that allows ions to move between electrodes in the battery, is more flammable than the substance in older type batteries. Those older types include the lead-acid batteries in most cars and the nickel cadmium batteries that are often in video equipment and power tools.


Still, MIT materials science and engineering professor Gerbrand Ceder and others said the safety problems can be fixed.


Change doesn’t come often in the battery field.


“The big advances in battery technology happen rarely. It’s been more than 200 years and we have maybe five different successful rechargeable batteries,” said George Blomgren, a former senior technology researcher at Eveready and now a private battery consultant. “It’s frustrating.”


Alessandro Volta — for whom the volt is named — invented the first useful battery in 1800. That was long before other breakthrough inventions like the internal combustion engine, telephone, car, airplane, transistor, computer and Internet. But all of those developments have seemed to evolve faster than the simple battery.


The lead-acid car battery “has been around for 150 years more or less,” Whitacre said. “This is a remarkable testament to first how robust that chemistry is and how difficult change is.”


Battery experts are split over what’s next. Some think the lithium ion battery can be tinkered with to get major efficiency and storage improvements. Amatucci said he thinks we can get two to three times more energy out of future lithium ion batteries, while others said minor chemical changes can do even more.


But just as many engineers say the lithium ion battery has run its course.


“With the materials in the current lithium ion battery, we are definitely plateaued,” Blomgren said. “We’re waiting for something to come along that really does the job.”


There are all sorts of new type batteries being worked on: lithium-air, lithium-sulfur, magnesium, sodium-ion.


“Right now it’s a horse race,” Blomgren said. “There’s deficiencies in every technology that’s out there. Each one of them requires a major solution.”


One of the nation’s best hopes for a breakthrough, said Battaglia, is John Goodenough, the man responsible for the 1979 breakthrough that led the first commercial lithium ion battery in 1991. He will receive the National Medal of Science at the White House next month.


Goodenough is 90.


“I’m working on it,” Goodenough, an engineering professor at the University of Texas at Austin, said Tuesday. “I’m optimistic in a sense that I’m willing to keep working on it. I think we can do some interesting things.”


___


Online:


Department of Energy’s Joint Center for Energy Storage Research: http://www.jcesr.org


___


Seth Borenstein can be followed at http://twitter.com/borenbears


Green News Headlines – Yahoo! News





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Asian shares rise; BOJ easing spurs volatile yen, Nikkei trading

TOKYO (Reuters) - Asian shares rose on Tuesday amid optimism over the global growth outlook, but bold easing measures from the Bank of Japan failed to lift Tokyo equities and the yen rebounded from a brief sell-off as investors digested the central bank's actions.


The MSCI's broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> rose 0.4 percent to a fresh 17-1/2-month high, while Australian shares <.axjo> ended little changed after touching a 20-month high earlier in the session. Hong Kong shares <.hsi> hovered around a 19-1/2-month peak and onshore China markets were on track to gain for a fourth-straight day.


The spotlight in Asia fell on the BOJ, which on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets, surprising markets that had expected another incremental increase in its 101 trillion yen ($1.12 trillion) asset-buying and lending program.


"A stronger Japan is good for the global economy," said Jeremy Friesen, a commodities strategist at Societe Generale in Hong Kong. He added the stimulus plan will be more positive for base metals than energy as Japan will be building infrastructure that will boost demand for metals such as zinc and copper.


The reaction in Japanese markets, however, reinforced market perceptions that the BOJ could have done more.


The yen rebounded from brief losses and the Nikkei turned down from an initial surge as investors digested the details, including the fact that the new scheme for additional purchases will only come into effect next year. Several analysts were also of the opinion the BOJ could have taken more steps, such as scrapping the 0.1 percent floor for short-term interest rates and extending the duration of bonds the central bank buys.


Japan's benchmark Nikkei average <.n225> surged as much as 0.8 percent before giving up all gains to end down 0.4 percent. Tokyo shares have been rising in tandem with the yen's slide against major currencies on expectations for bolder BOJ steps. The Nikkei tumbled 1.5 percent on Monday after investors booked profits from the index's 2.9 percent rally on Friday. <.t/>


The dollar rose as high as 90.18 yen, but was last trading down 0.6 percent at 89.09 yen. It touched a fresh 2-1/2-year high of 90.25 on Monday. The euro rose to 120.18, before falling 0.5 percent to 118.88 yen. The euro hit its peak since May 2011 of 120.73 on Friday.


"The BOJ increase in asset purchases is only commencing in 2014. So no strong immediate increase in easing," said Jeffrey Halley, FX trader for Saxo Capital Markets in Singapore, noting stop-loss selling under 89.50 yen added to the dollar's drop.


Hiroshi Maeba, head of FX trading Japan at UBS in Tokyo, said: "It was more or less within market expectations and was not disappointing. But it also didn't top expectations because there was speculation that the BOJ would do all it can, including removing the 0.1 percent floor on short term interest rates."


Still, there is a perception in markets that even if investors rooting for much bolder BOJ steps cut their yen short positions in disappointment over the outcome, the yen's rebound was likely to be limited relative to its 13 percent decline against the dollar and a 20 percent drop versus the euro over the past two months. Such views were fed by expectations the BOJ will continue to aggressively ease monetary policy to drive Japan out of years of deflation and support the economy.


Brent crude rose 0.3 percent to $112.07 a barrel as the BOJ's latest easing action added to the recent positive data from the United States and China, while growing confidence in the strength of China's economic recovery pushed London copper up 0.7 percent to $8,111.75 a metric ton.


European markets are seen subdued, with financial spread-betters predicting London's FTSE 100 <.ftse>, Paris's CAC-40 <.fchi> and Frankfurt's DAX <.gdaxi> would open flat to down as much as 0.1 percent. U.S. stock futures were up 0.2 percent, pointing to a firm Wall Street start. <.l><.eu><.n/>


General market sentiment was also supported by signs of a compromise to avert a U.S. fiscal crisis.


Republican leaders in the U.S. House of Representatives have scheduled a vote on Wednesday on a nearly four-month extension of U.S. borrowing capacity, aimed at avoiding a fight over the looming federal debt ceiling and shifting their negotiating leverage for spending cuts to other fiscal deadlines.


Gold was up 0.2 percent at $1,693.31 an ounce on the fresh round of easing from the BOJ.


($1 = 89.7950 Japanese yen)


(Additional reporting by Masayuki Kitano and Florence Tan in Singapore; Editing by Shri Navaratnam)



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Asteroid-Mining Project Aims for Deep-Space Colonies






A new asteroid-mining company launches Tuesday with the goal of helping humanity expand across the solar system by tapping the vast riches of space rocks.


The new firm, called Deep Space Industries, Inc., announced today (Jan. 22) that it plans to launch a fleet of prospecting spacecraft in 2015, then begin harvesting metals and water from near-Earth asteroids within a decade or so. Such work could make it possible to build and refuel spacecraft far above our planet’s surface, thus helping our species get a foothold in the final frontier.






“Using resources harvested in space is the only way to afford permanent space development,” Deep Space CEO David Gump said in a statement. Deep Space Industries will hold a press conference today in Santa Monica, Calif., at 10 a.m. PST (1 p.m. EST/1800 GMT) to unveil more details of its bold mission plan; you can watch the webcast live here at SPACE.com. 


“More than 900 new asteroids that pass near Earth are discovered every year,” Gump explained. “They can be like the Iron Range of Minnesota was for the Detroit car industry last century — a key resource located near where it was needed. In this case, metals and fuel from asteroids can expand the in-space industries of this century. That is our strategy.” [How Asteroid Mining Could Work (Infographic)]


Deep Space is the second company to jump into the asteroid-mining business. The first, the billionaire-backed firm Planetary Resources, had its own unveiling last April.


Prospecting spacecraft and asteroid sample-return


Deep Space will inspect potential mining targets with 55-pound (25 kilograms) spacecraft it calls FireFlies, the first of which are targeted for launch in 2015.


FireFlies will conduct asteroid reconnaissance on the cheap. They’ll be made from low-cost “cubesat” components and will hitch a ride to space aboard rockets that also carry large communications satellites, Deep Space officials said.


“We can make amazing machines smaller, cheaper and faster than ever before,” Deep Space chairman Rick Tumlinson said in a statement. “Imagine a production line of FireFlies, cocked and loaded and ready to fly out to examine any object that gets near the Earth.”


The FireFlies’ work will pave the way for 70-pound (32 kg) spacecraft called DragonFlies, which will blast off beginning in 2016. DragonFlies will bring asteroid samples back to Earth during missions that last two to four years. Some samples will help the company determine mining targets, while others will probably be sold to researchers and collectors, officials said.


The public will get to fly along with both probes, whose activities will likely be funded in some measure by corporate sponsorship, Deep Space officials said.


“The public will participate in FireFly and DragonFly missions via live feeds from Mission Control, online courses in asteroid mining sponsored by corporate marketers and other innovative ways to open the doors wide,” Gump said. “The Google Lunar X Prize, Unilever and Red Bull each are spending tens of millions of dollars on space sponsorships, so the opportunity to sponsor a FireFly expedition into deep space will be enticing.”


Building and refueling spacecraft off Earth


These activities are all precursors to Deep Space’s ultimate goal, which is the harvesting and in-space utilization of asteroid resources.


The company intends to begin extracting metals and other building materials from space rocks within 10 years, officials said. These components will first be used to build communications satellites off-Earth, with the construction of space-based solar power stations coming later. Precious metals such as platinum will also be delivered to Earth for terrestrial use.


Deep Space’s construction activities will be aided by a patent-pending 3D printer called the MicroGravity Foundry, officials said.


“The MicroGravity Foundry is the first 3D printer that creates high-density, high-strength metal components even in zero gravity,” company co-founder and MicroGravity Foundry inventor Stephen Covey said in a statement. “Other metal 3D printers sinter powdered metal, which requires a gravity field and leaves a porous structure, or they use low-melting point metals with less strength.”


Deep Space Industries will also focus on extracting asteroid water, which can be split into its constituent hydrogen and oxygen — the chief components of rocket fuel. The company’s mining efforts could thus lead to the establishment of in-space “gas stations” that allow satellites and journeying spacecraft to top up their tanks relatively cheaply and efficiently.


“We will only be visitors in space until we learn how to live off the land there,” Tumlinson said. “This is the Deep Space mission — to find, harvest and process the resources of space to help save our civilization and support the expansion of humanity beyond the Earth — and doing so in a step-by-step manner that leverages off our space legacy to create an amazing and hopeful future for humanity.”


Deep Space Industries’ ambitions are similar to those of Planetary Resources, which also plans to tap asteroid metals and water to help open the solar system up to exploration and exploitation.


Planetary Resources could prove to be a tough competitor. It was founded by private-spaceflight pioneers Peter Diamandis and Eric Anderson, and its deep-pocketed investors include Google execs Larry Page and Eric Schmidt.


Follow SPACE.com senior writer Mike Wall on Twitter @michaeldwall or SPACE.com @Spacedotcom. We’re also on Facebook and Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Space and Astronomy News Headlines – Yahoo! News





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