Sunday, November 4, 2012

Dominican police arrest 3 in killing of ex-Yankee

SANTO DOMINGO, Dominican Republic (AP) ? Police in the Dominican Republic said Saturday that they have arrested three men suspected in the killing of former major league pitcher Pascual Perez during an attempted home robbery. Another two suspects remain at large.

Maximo Baez, the police department's criminal investigations director, said one of the arrested men personally knew Perez and confessed that he and four others had planned to steal the $2,400 monthly pension he received for his 11-season career in the Major Leagues.

The 55-year-old's ex-wife found his body on Thursday at the home where he lived alone in San Gregorio de Nigua, a town west of the capital of Santo Domingo. Police said he had severe head wounds caused by being hit repeatedly with a hammer.

Authorities said they expected to file charges against the suspects later Saturday.

Police identified another one of those arrested as a low-level drug dealer. A third suspect was arrested Saturday after police said he sold one of Perez's cell phones for $6.25.

Police said they have also identified the two fugitives.

During his time in professional baseball, Perez had a rocky career including two suspensions for drug use.

The right-hander was first signed by the Pittsburgh Pirates in January 1976 as an amateur free agent, according to Baseball-Reference.com, an online sports information site. He then pitched for the Atlanta Braves from 1982-85. He was 15-8 in 1983 and 14-8 in 1984.

Perez last played in the majors for the New York Yankees in 1991, compiling a lifetime record of 67-68 with the Braves, Pirates, Expos and Yankees.

In March 1992, he was suspended after failing a drug test the day he arrived for spring training with the Yankees. He was entering the final season of a three-year, $5.7 million contract, but never returned to major league baseball.

Source: http://news.yahoo.com/dominican-police-arrest-3-killing-ex-yankee-184913212--mlb.html

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Obama seems to have early vote lead in key states

WASHINGTON (AP) ? President Barack Obama heads toward Election Day with an apparent lead over Republican Mitt Romney among early voters in key states that could decide the election.

Obama's advantage, however, isn't as big as the one he had over John McCain four years ago, giving Romney's campaign hope that the former Massachusetts governor can erase the gap when people vote on Tuesday.

More than 27 million people already have voted in 34 states and the District of Columbia. No votes will be counted until Election Day but several battleground states are releasing the party affiliation of people who have voted early.

So far, Democratic voters outnumber Republicans in Florida, Iowa, Nevada, North Carolina and Ohio ? five states that could decide the election, if they voted the same way. Republicans have the edge in Colorado, which Obama won in 2008.

Obama dominated early voting in 2008, building up such big leads in Colorado, Florida, Iowa and North Carolina that he won each state despite losing the Election Day vote, according to voting data compiled by The Associated Press.

"In 2008, the McCain campaign didn't have any mobilization in place to really do early voting," said Michael McDonald, an early voting expert at George Mason University who tallies voting statistics for the United States Elections Project. "This time around the Romney campaign is not making the same mistake as the McCain campaign did."

McDonald said he sees a shift toward Republicans among early voters, which could make a difference in North Carolina, which Obama won by the slimmest of margins in 2008, only 14,000 votes. The Republican shift, however, might not be enough to wipe out Obama's advantage in Iowa and Nevada, which Obama won more comfortably in 2008.

In Colorado, Florida and Ohio, get ready for a long night of vote counting on Tuesday.

Romney's campaign aides say they are doing so much better than McCain did four years ago that Romney is in great shape to overtake Obama in many of the most competitive states.

"They are underperforming what their 2008 numbers were and we are overperforming where we were in 2008," said Rich Beeson, Romney's political director. "We feel very good heading into the Tuesday election."

Obama's campaign counters that Romney can't win the presidency simply by doing better than McCain.

"It's not about whether or not they're doing better than John McCain did," said Jeremy Bird, Obama's national field director. "It's about whether or not they're doing better than us."

About 35 percent of voters are expected to cast ballots before Tuesday, either by mail or in person.

Voters always can cross party lines when they vote for any office, and there are enough independent voters in many states to swing the election, if enough of them vote the same way. Still, both campaigns are following the early voting numbers closely, using them to gauge their progress and plan their Election Day strategies.

A look at early voting in the tightest states:

___

Colorado

About 1.6 million people have voted, and Republicans outnumber Democrats 37 percent to 35 percent. Those numbers are a reversal from four years ago at this time. Inevitably, Obama won the early vote by 9 percentage points in 2008, giving him a big enough cushion to win the state, despite narrowly losing the Election Day vote.

Early voting in Colorado is expected to account for about 80 percent of all votes cast, giving it more weight than in other states.

___

Florida

About 3.9 million people have voted, and 43 percent were Democrats and 40 percent were Republicans. For years ago at this time, Democratic early voters had a 9 percentage point lead over Republicans.

Obama won Florida's early vote by 10 percentage points in 2008, getting 400,000 more early votes than McCain, enough to offset McCain's advantage on Election Day.

In Florida, Republicans have historically done better among people who vote by mail, while Democrats have done better among people who vote early in person. For 2012, Florida's Republican-led Legislature reduced the number of in-person early voting days from 14 to eight.

The Obama campaign responded by encouraging more supporters to vote by mail, and Democrats were able to narrow the gap among mail ballots. Democrats quickly took the lead among all early voters, once in-person early voting started. But the margins are slim.

The Obama campaign acknowledges it must do better among Florida's Election Day voters than Obama did on 2008, when McCain won the Election Day vote by 5 percentage points.

___

Iowa

About 614,000 people have voted, already exceeding Iowa's total number of early votes in 2008. So far this year, 43 percent of early voters were Democrats and 32 percent were Republicans.

Four years ago, Obama won the early vote in Iowa by a whopping 27 percentage points, 63 percent to 36 percent. McCain, meanwhile, won the Election Day vote by about 1,800 votes ? less than a percentage point. Together, they added up to a 10-point victory for Obama.

Romney's campaign argues that Democrats always do better among early voters in Iowa while Republicans do better among Election Day voters, even when President George W. Bush narrowly carried the state in 2004.

Obama's campaign counters that with early voting on the rise, Romney will be left with fewer Election Day voters to make up the difference.

___

Nevada

About 628,000 people have voted, and 44 percent were Democrats and 37 percent were Republicans. Four years ago, Obama won Nevada's early vote big, 59 percent to 39 percent. Obama also won Nevada's Election Day vote on his way to a comfortable 13-point win over McCain.

The Romney campaign argues that Obama isn't doing nearly as well among early voters in Nevada as he did in 2008. The Obama campaign argues that it doesn't have to.

___

North Carolina

About 2.5 million people have voted, and 48 percent of them were Democrats and 32 percent of them were Republicans. Four years ago at this time, Democrats had a slightly larger lead over Republicans, and Obama won the early vote by 11 percentage points.

Obama lost the Election Day Vote by 17 percentage points in 2008. But the early vote was much bigger than the Election Day vote, resulting in Obama's narrow win.

Obama's campaign cites the big lead for Democrats among early voters, while Romney's campaign argues that even a small shift toward the Republicans could flip the state to Romney.

___

Ohio

About 1.3 million people have voted, and 29 percent were Democrats and 23 percent were Republicans. Forty-seven percent were unaffiliated, more than enough voters to swing the state to either candidate.

Ohio may once again be pivotal in the race for the presidency. Unfortunately, Ohio's early voting data is limited. Party affiliation in Ohio is based on the last primary in which a voter participated, so new voters and those who don't vote in primaries are listed as unaffiliated.

In 2008, Obama won Ohio by 5 percentage points.

___

Associated Press Senior Elections Research Coordinator Cliff Maceda contributed to this report.

___

Follow Stephen Ohlemacher on Twitter: http://twitter.com/stephenatap

Source: http://news.yahoo.com/obama-seems-early-vote-lead-key-states-204705391--election.html

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Hybrid taxi drivers find fuel efficiency paying off after Sandy

2012 Toyota Camry Hybrid NYC Taxi

One of the major side effects of the power outrages in New York and New Jersey following hurricane Sandy is gas stations' difficulty getting fuel to customers. Shortages have led to seemingly endless gas lines, and in all of this, hybrids have shown their inherent value.

Business Insider says that hybrids are proving to be advantageous for many New York City taxi drivers. The NYC cab fleet is currently a mix of hybrid vehicles and comparatively fuel-hungry Ford Crown Victoria sedans. According to the report, at many taxi companies, cars are assigned to drivers first-come, first-serve, so what they're driving on a given day comes down to the luck of the draw.

One cab driver said that refueling a the V8-powered Ford costs about $45 a day, while the the hybrid taxis can go a couple days before needing to gas up. It's suspected that the Crown Vic drivers, forced to go to great lengths to refuel, will not be reimbursed for their efforts.

Source: http://www.autoblog.com/2012/11/03/hybrid-taxi-drivers-find-fuel-efficiency-paying-off-after-sandy/

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Saturday, November 3, 2012

Frazzled New Yorkers fret about long road back to normalcy

NEW YORK (Reuters) - New York authorities have made a big push for normalcy after megastorm Sandy, but for many residents dealing with water-logged homes, power outages, gasoline shortages and painfully slow commutes, things are far from that.

Officials have moved quickly to try to jump-start business and tourism after the storm. The New York Stock Exchange reopened after a historic two-day closure, with a smiling Mayor Michael Bloomberg ringing the opening bell. The subways began to rumble with limited service on Thursday. Broadway theater is back. And the mayor has declared the New York Marathon will go on as scheduled on Sunday, despite calls by many to postpone it.

Still, inconveniences are mounting for many people, and news that some could have to wait more than another week for their power to be restored by Consolidated Edison Inc added to the misery. Anxiety is also rising as a fuel shortage left many without gasoline, leading to tense scenes and police patrols at gas stations throughout the region.

A rising death toll from the storm has also been unsettling for many - it has now reached at least 97 across the U.S. Northeast, with 39 of those in New York City. Officials said that it was likely to climb further as rescuers searched house-to-house in coastal towns.

Concern about crime is growing.

Viktoria Altman, 33, whose home in the Sheepshead Bay section of Brooklyn was flooded by the storm, said she was frustrated that there was little police presence in her neighborhood. The area has had widespread power outages.

She said she was concerned about accidents on streets where stoplights have been knocked out, saying drivers have been "flying through the intersections." She also said she worried that homes in the darkened area could be a target for criminals.

"It feels like we've been abandoned here by the powers that be," said Altman, who runs a children's tutoring center.

The New York Police Department did not immediately respond to requests for comment on Thursday.

There have been some arrests for storm-related crime. More than 15 people in Queens have been charged with looting and one man was charged with threatening another driver with a gun as he tried to cut in on a line of cars waiting for gas, said Queens District Attorney Richard Brown.

Tara Hohenberger, who has been without power for days in the East Village of Manhattan, said her neighborhood feels "a little tense" and she wished there was a bigger police presence.

"I walked home from 91st Street last night and it's scary once you get below the black-out zone," she said.

TOUGH BUNCH

New Yorkers are a tough bunch, of course, and the city made it through the shock and disruptions of the September 11, 2001, attacks. This week, people dealing with minor hassles from the storm generally took them in stride, given the loss of life and devastating property damage some had suffered, but that didn't mean they weren't deeply frustrated with long waits at crowded bus stops or the loss of water supply as well as power in many apartment buildings.

Subways were running with limited service on Thursday, but many endured long commutes that involved detours on shuttle buses that inched along city streets. Traffic was still gridlocked in Midtown Manhattan. There was even talk that platoons of rats in the New York City subway system might emerge onto the streets after train tunnels were flooded in the storm. (There was no evidence of an invasion, however.)

Recovery experts said the early days of a disaster are critical in setting the tone for the public's patience with what could be weeks or months of inconveniences.

Credible communication with the public from political leaders, utilities and others are especially important, said Debra Knopman, a vice president at the Rand Corp in Arlington, Virginia, and director of its division on justice, infrastructure and the environment.

"There is the near-term response measured in days and weeks and months, and then there is going to be another round of responses that will take place over the next several years," she said. "Every coastal city in the world is going to be watching very closely about what happens in New York and how they reconstitute themselves."

Indeed, New York officials, including Bloomberg and New York State Governor Andrew Cuomo, got generally high marks for their handling of the crisis brought on by Sandy - both for their aggressive warnings and evacuation plans ahead of the storm, and their regular updates in the aftermath.

While many people are suffering, some experienced few problems. With the subway running on selected lines, commutes for some were almost back to normal. And in Manhattan neighborhoods such as the Upper East and Upper West Side, which did not experience widespread power outages, one of the few changes was brought on by a massive influx of refugees from electricity-starved Lower Manhattan bunking with friends and family.

Still, New Yorkers aren't known for their patience, and some storm-hit residents have had it.

Advertising creative director Chris Swift, 37, lost power in his apartment in Manhattan's Chelsea neighborhood during the storm. By Thursday he was fed up and jumped on a bus to head to a hotel in Boston.

"I tried 20 hotels on foot as I couldn't call them with no battery left on my phone, but they were all booked," he said of his attempts to find alternate lodging in New York. "The thought of no communication, company, food or shower in my apartment made the $15 bus trip to Boston worth it."

(Additional reporting by Andrew Hofstetter, Kathy Jones, Adrees Latif, Angela Moon and Michelle Nichols; Editing by Martin Howell and Eric Walsh)

Source: http://news.yahoo.com/frazzled-yorkers-fret-long-road-back-normalcy-013917438.html

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Friday, November 2, 2012

Remarried Sex?Sweet Redemption - Marriage Right

Karen grew up in an abusive, alcoholic home. Life wasn?t easy for her. By the age of sixteen, she wanted to escape from the abuse so badly that she ran off and married a boy her own age. Karen immediately got pregnant, and the all-too-young marriage soon ended. She spent the next thirteen years as a single mom, raising her son and struggling to make it alone.

After a second very difficult failed marriage, the betrayal she experienced from her ex?s pornography addiction and adultery left Karen with a lot of emotional heartache. There were issues that she needed to work through and find healing for in order to move forward in a healthy way.

The betrayal of pornography on top of the affair was just too much to deal with,? Karen says. ?My ex-husband called himself a Christian, so I had a lot of confusion to overcome regarding faith and Christianity and a lot of healing to do.?

Paul didn?t have it easy either. His ex was a meth user, so he had to protect his five-year-old daughter from her mother?s addiction. But doing that on his own was more difficult than he could ever imagine. Between all the legal issues and emotional challenges, Paul finally turned to God for help, and shortly after that, He became a Christian. Then he and Karen met and fell in love.

I firmly believe that God was right in the middle of our relationship,? Paul says. ?Karen?s the best thing ever?for me and for my daughter, Sarah.?

The truth is, previous relationships leave indelible marks on each one of us. Some are good, but like Karen and Paul, many are negative. And when those marks are as powerful, deep, and personal as sexual intimacy, those experiences can also bring good and bad memories, emotions, and sometimes hurts.

Most second-marriage couples have experienced the reality of this. Unless there was some physical or emotional limitation, more than likely, sex has been a part of the individuals? lives before they enter a second marriage. So that makes sexual intimacy both a challenge and a place where God can bring healing, hope, and redemption like few other areas of life can.

God made us to be in relationship, and because marriage is the most intimate and intense of all relationships, it can be redemptive beyond words when it is done right. When we love, serve, and enjoy one another as God planned, and when covenant commitment undergirds all that, sexual intimacy can be an amazing and wonderful part of your life.

God provided us with a fresh start, and He can do that for you, too,? Karen says. ?If you give your past to God and choose to have a new beginning, the area of sexual intimacy can be one of most beautiful and redemptive areas of your marriage and your life.?

?We?ve been married for almost five years,? Paul says, ?and we?ve experienced God?s grace on this area of our marriage. We feel like it is a reward for making Him the foundation of our marriage.?

?The redeeming power of remarriage is so evident to us,? Karen says. ?God makes all things new. We don?t concentrate on looking back on the former things, instead, we experience God?s love and grace in our marriage.?

For anyone going into a second marriage, it?s wise to view this area of your relationship as a place where God can give you a new start. Whether you?ve lost your first marriage to death or divorce, the fear of being intimately close again can be overwhelming.

Guilt, mistrust, isolation, or even shame can threaten to hinder intimacy. So first, make sure you resolve whatever issues you might have, whether through prayer, discussion, or counseling, and then make a covenant with your future mate to give this area of your marriage to God. In the power of redemption, even the broken places of life can be made new.

Adapted from?The ReMarriage Adventure: Preparing for a Lifetime of Love & Happiness, by Susan and Dale Mathis. Copyright ? 2012, all rights reserved. Visit www.SusanGMathis.com for more on this book.

Source: http://www.startmarriageright.com/2012/11/remarried-sex-sweet-redemption/

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Hand Lettering Anyone? | Graphic Design, Miami University

Rebecca Zomchek led hand lettering workshops this semester with the seniors and sophomores.?Zomchek, an award winning illustrator , graduated with an MFA in Illustration as Visual Essay from The School of Visual Arts in New York City; and a BFA in Illustration, Summa Cum Laude with Honors, from Syracuse University. She has worked as a freelance illustrator, game designer, and she has just finished her second children?s book with Scholastic Inc.

Zomchek: The calligraphic arts are very much a part of our modern visual vocabulary. From pen and brush black lettering techniques dating back hundreds of years to modern and cutting edge designs hand lettering has found a strong roots in our artistic identity. Modern hand lettering has pushed the boundaries of color, dimension and style; becoming a major trend in the entertainment, publishing, and advertizing world, finding its way back into the design spotlight. For the lettering workshops at Miami I shared a glimpse of the broad range of creative approaches to lettering today; emphasizing the truly unlimited possibilities that hand lettering opens to students as future design professionals. I introduced key players in the market specializing in a variety of styles and mediums. And presented the tools of the trade along with key steps in the creative process, working with the students to build their own portfolio lettering samples. In class the students worked on creating a holiday themed hand lettering assignment of their own, exploring different lettering styles and moving from initial sketch stages to final inked drawings. The design students were a fantastic group to work with, I know they will all do well as future players in the graphic design world and wish them the best!

Samples of Student Work:

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Links from Rebecca for Further Explorations of Hand Lettering:

Jessica Hische:http://jessicahische.is/

Daily Drop Cap:http://www.dailydropcap.com/

Alan Ariail ? Pen and Logo Letterer (Lots of great works in progress):http://custom-lettering.blogspot.com/

Claire Coullon ? Very Clean modern style:http://coullon.com/index.html

David A. Smith ? Pencil drawn album cover and gold on glass:http://davidadriansmith.com/

Aaron Horkey-Really expressive lettered posters ? He doesn?t have a webpage but here are some samples from OMG Posters! Which is a cool site:http://omgposters.com/tag/aaron-horkey/

Darren Booth: Painted Letteringhttp://darrenbooth.com/

Luca Barcellona ? Paint Blackletter master:http://www.flickr.com/photos/luca-beanone-barcellona

https://www.youtube.com/watch?v=CDd_lxMbDaY? ? This video of him working is fantastic

Dana Tanamachi: Chalkboard workhttp://www.danatanamachi.com/

Doyald Young ? One of the masters:http://www.lettercult.com/archives/58

Also a really great site for hand-painted signs ? another cool art form that is still hanging on!http://www.newbohemiasigns.com/

Heston?s Fantastical Feasts- The Cookbook with the awesome cover:http://www.behance.net/gallery/Hestons-Fantastical-Feasts/511496

Source: http://www.graphicdesignmiami.org/?p=2221

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Mayor defends move to hold marathon, tempers boil

People line up at a gas station waiting to fill up, Friday, Nov. 2, 2012, in Newark, N.J. In parts of New York and New Jersey, drivers lined up early Friday for hours at gas stations that were struggling to stay supplied. The power outages and flooding caused by Superstorm Sandy have forced many gas stations to close and disrupted the flow of fuel from refineries to those stations that are open. (AP Photo/Julio Cortez)

People line up at a gas station waiting to fill up, Friday, Nov. 2, 2012, in Newark, N.J. In parts of New York and New Jersey, drivers lined up early Friday for hours at gas stations that were struggling to stay supplied. The power outages and flooding caused by Superstorm Sandy have forced many gas stations to close and disrupted the flow of fuel from refineries to those stations that are open. (AP Photo/Julio Cortez)

Cars wait in a 30 block long line for gas in the Brooklyn borough of New York, Friday, Nov. 2, 2012. In parts of New York and New Jersey, drivers face another day of lining up for hours at gas stations struggling to stay supplied. Superstorm Sandy damaged ports that accept fuel tankers and flooded underground equipment that sends fuel through pipelines. Without power, fuel terminals can't pump gasoline onto tanker trucks, and gas stations can't pump fuel into customers' cars. (AP Photo/Seth Wenig)

A queue of people forms behind a fence as they wait for distribution of food, water, and other supplies intended for residents of the Lower East Side who remain without power due to Superstorm Sandy, Friday, Nov. 2, 2012, in New York. In Manhattan, where 226,000 buildings, homes and business remain without power, Consolidated Edison says they should have service restored by Saturday. (AP Photo/ John Minchillo)

Mohammad Ullah fills up his gypsy cab from a gas container while others wait on a line in the Brooklyn borough of New York, Friday, Nov. 2, 2012. In parts of New York and New Jersey, drivers face another day of lining up for hours at gas stations struggling to stay supplied. Superstorm Sandy damaged ports that accept fuel tankers and flooded underground equipment that sends fuel through pipelines. Without power, fuel terminals can't pump gasoline onto tanker trucks, and gas stations can't pump fuel into customers' cars. (AP Photo/Seth Wenig)

A shopkeeper assists a customer to buy dog food with a flashlight in a darkened Sheen Brothers corner store that remains without power due to Superstorm Sandy, Friday, Nov. 2, 2012, in New York. In Manhattan, where 226,000 buildings, homes and business remain without power, Consolidated Edison says they should have service restored by Saturday. (AP Photo/ John Minchillo)

NEW YORK (AP) ? The Manhattan skyline is expected to be mostly lit for the first time since Superstorm Sandy slammed New York City, a sign of progress undercut by lingering long gas lines and angry outer-borough residents reckoning with a week or more of darkness.

Mayor Michael Bloomberg on Friday defended his decision to hold the New York City Marathon as scheduled amid a continuing backlash. Some New Yorkers complain that going ahead with the 26.2-mile race on Sunday would be insensitive and divert city resources at a time when many are suffering.

"You have to keep going and doing things. ... You can grieve and you can cry and you can laugh and that's what human beings are good at," Bloomberg said at a news conference. "New York has to show that we are here and we are going to recover," and can help businesses and people at the same time.

Bloomberg said the marathon would "give people something to cheer about in what has been a very dismal week for a lot of people."

The mayor said Con Edison hoped to resolve most Manhattan outages by midnight Friday. The news is not as good for the city's outer boroughs, where customers may not have electricity until mid-November.

Four days after Sandy slammed the mid-Atlantic and the Northeast, the U.S. death toll climbed past 90 in 10 states, and included two young brothers who were torn from their mother's grasp by rushing floodwaters in Staten Island during the storm. Their bodies were found in a marshy area on Thursday.

With fuel deliveries in the East disrupted by storm damage and many gas stations lacking electricity to run their pumps, gasoline became a precious commodity, especially for those who depend on their cars for their livelihoods.

Some drivers complained of waiting three and four hours in line, only to see the pumps run dry when it was almost their turn. Others ran out of gas before they reached the front of the line.

Police officers were assigned to gas stations to maintain order. In Queens, a man was charged Thursday with flashing a gun at another motorist who complained he was cutting in line.

At a Hess station early Friday in the Gowanus section of Brooklyn, the line snaked at least 10 blocks through narrow, busy streets. That caused confusion among other drivers, some of whom accidentally found themselves in the gas line. People got out of their cars to yell at them.

In addition, at least 60 people were lined up to fill red gas cans for their generators.

Vince Levine got in line in his van at 5 a.m.; by 8 a.m., he was still two dozen cars from the front. "I had a half-tank when I started. I've got a quarter-tank now," he said.

"There's been a little screaming, a little yelling. And I saw one guy banging on the hood of a car. But mostly it's been OK," he said.

Cabdriver Harum Prince joined a line for gas in Manhattan that stretched 17 blocks down 10th Avenue, with about half the cars yellow cabs, a crucial means of getting around in a city with a still-crippled mass transit system.

"I don't blame anybody," he said. "God, he knows why he brought this storm."

More 3.8 million homes and business in the East were still without power, down from a peak of 8.5 million. Still, across the New York metropolitan area, there were signs that life was beginning to return to something approaching normal.

More subway and rail lines started operating again Friday, and the Holland Tunnel into New York was open to buses.

In New Jersey, Gov. Chris Christie said Atlantic City's 12 casinos could reopen immediately after a nearly five-day shutdown for Superstorm Sandy. Sandy slammed into the shoreline Monday night just a few miles from Atlantic City, which was flooded and lost a section of its word-famous boardwalk but fared much better than other parts of New Jersey's coast.

The prospect of better times ahead did little to mollify residents who spent another day and night in the dark.

"It's too much. You're in your house. You're freezing," said Geraldine Giordano, 82, a lifelong resident of the West Village. Near her home, city employees had set up a sink where residents could get fresh water, if they needed it.

There were few takers. "Nobody wants to drink that water," Giordano said.

There was increasing worry about the elderly. Community groups have been going door-to-door on the upper floors of darkened Manhattan apartment buildings, and city workers and volunteers in hard-hit Newark, N.J., delivered meals to seniors and others stuck in their buildings.

"It's been mostly older folks who aren't able to get out," said Monique George of Manhattan-based Community Voices Heard. "In some cases, they hadn't talked to folks in a few days. They haven't even seen anybody because the neighbors evacuated. They're actually happy that folks are checking, happy to see another person. To not see someone for a few days, in this city, it's kind of weird."

On Thursday, police recovered the bodies of two brothers, ages 2 and 4, who were swept away after the SUV driven by their mother, Glenda Moore, stalled in Sandy's floodwaters Monday evening.

"Terrible, absolutely terrible," Police Commissioner Raymond Kelly said as he announced that Brandon and Connor had been found dead. "It just compounds all the tragic aspects of this horrific event."

The discovery was another heartbreaking blow to Staten Island, a hard-hit borough that residents complained has been largely forgotten. At least 19 people have been killed in Staten Island, about half the death toll for all of New York City.

Garbage piled up, a stench hung in the air and mud-caked mattresses and couches lined the borough's streets. Residents picked through their belongings, searching for anything that could be salvaged.

"We have hundreds of people in shelters," said James Molinaro, the borough's president. "Many of them, when the shelters close, have nowhere to go because their homes are destroyed. These are not homeless people. They're homeless now."

Molinaro complained the American Red Cross "is nowhere to be found," and some residents questioned what they called the lack of a response by government disaster relief agencies.

A relief fund is being created just for storm survivors on Staten Island, Molinaro and former Mayor Rudolph Giuliani said Friday. And Homeland Security Secretary Janet Napolitano and a top Federal Emergency Management Agency official planned to tour the island.

Staten Island resident George Rosado blasted the Bloomberg for the decision to hold the marathon Sunday.

"It's repulsive," said Rosado, who spent two days scrubbing sludge from his tiled floors and was preparing to demolish the water-logged walls of his home a block from the water.

"They should be getting resources to the elderly people who can't fend for themselves. That's more important than a marathon right now."

Along the devastated Jersey Shore, residents were allowed back in their neighborhoods Thursday for the first time since Sandy slammed the coast. Some were relieved to find only minor damage, but many others were wiped out.

"A lot of tears are being shed today," said Dennis Cucci, whose home near the ocean in Point Pleasant Beach was heavily damaged. "It's absolutely mind-boggling."

___

Associated Press writers Cara Anna and Karen Matthews in New York, David Porter in Moonachie, N.J., and Wayne Parry in Point Pleasant Beach, N.J., contributed to this story.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-11-02-Superstorm%20Sandy/id-05c8e270dbf2415fb3b2655e46b2b366

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Thursday, November 1, 2012

E-Investigations Develops New Proprietary Forensic Software ...

E-Investigations, a Texas-based computer forensics firm, announced that it has developed proprietary forensic software that allows its digital investigators to perform quick and efficient analysis on computers of current and former employees. Employees intending to compete with their previous employer will often steal confidential information from their employer electronically. This can include client contact lists, pricing information, product road-maps, CAD drawings, financial information or more.

?We have seen a rise in the digital theft of intellectual property.? said Gary Huestis, Director of Digital Forensics at E-Investigations. ?We have seen employees steal data from employers in many creative ways.? Huestis continues. Some of the methods used to transfer confidential files and steal intellectual property include emailing the data as attachments to personal email accounts through webmail or sometimes even using the corporate email system. Employees have also been found using file sharing systems, cloud drives, remote access software, removable drives, and copying data to the storage built into their smart phones.

E-Investigations has developed proprietary forensic software to quickly and efficiently collect data from computers to determine which files were copied to remote or removable drives. This dramatically decreases the amount of time E-Investigation?s Computer Forensic Examiners spend analyzing the computer and data; providing lower costs and consistent results. This new software also provides the model number and serial number of each device, the date and time that each device was plugged in, and the drive letters assigned so the employer can determine if further action is required.

With the rise in digital theft, every employer needs to protect their sensitive data and hard fought ideas. At E-Investigations, powerful tools have been created to quickly determine if further action against a former employee, or even a former officer of the company, is warranted. By making the process more efficient, E-Investigations has provided a way for employers to cost effectively evaluate each employee either before or after termination. E-Investigations recommend that every computer and digital device (smart phones, tablets, etc.) from an administrative assistant to the CEO be evaluated to protect intellectual and proprietary information.
E-Investigations? Houston computer forensics division provides digital services to litigation support firms, attorneys and private businesses as well as to individuals in various case types such as family law, bankruptcy, fraud and embezzlement. In addition to Houston computer forensics services, E-Investigations Houston also provides digital forensics services and network breach remediation.

E-Investigation?s Computer Forensic Investigators follow the trail and decipher the information regardless of whether the evidence is digital, such as electronically stored information found on computers, mobile phones or other devices or if the investigation requires traditional private investigative services. E-Investigations? tools and techniques include surveillance, undercover work and detailed record searches. The final product helps our clients gain a deeper understanding of what has happened or what is occurring. The gained clarity and discovery of truth allows our clients to quickly respond and recover.

Gary Huestis is the Director of Digital Forensics at E-Investigations. Mr. Huestis is an EnCase certified examiner and a licensed private investigator.

Source:http://www.prweb.com/releases/2012/einvestigations/prweb10076487.htm

Source: http://onlysoftwareblog.com/2012/10/e-investigations-develops-new-proprietary-forensic-software/

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Virtual reality 'beaming' technology transforms human-animal interaction

Virtual reality 'beaming' technology transforms human-animal interaction [ Back to EurekAlert! ] Public release date: 31-Oct-2012
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Contact: Clare Ryan
clare.ryan@ucl.ac.uk
44-020-310-83846
University College London

Using cutting-edge virtual reality technology, researchers have 'beamed' a person into a rat facility allowing the rat and human to interact with each other on the same scale.

Published today in PLOS ONE, the research enables the rat to interact with a rat-sized robot controlled by a human participant in a different location. At the same time, the human participant (who is in a virtual environment) interacts with a human-sized avatar that is controlled by the movements of the distant rat. The authors hope the new technology will be used to study animal behaviour in a completely new way.

Computer scientists at UCL and the University of Barcelona have been working on the idea of 'beaming' for some time now, having last year digitally beamed a scientist in Barcelona to London to be interviewed by a journalist.

The researchers define 'beaming' as digitally transporting a representation of yourself to a distant place, where you can interact with the people there as if you were there. This is achieved through a combination of virtual reality and teleoperator systems. The visitor to the remote place (the destination) is represented there ideally by a physical robot.

During the human-animal beaming process the human participants in the system were in a virtual reality lab at the Mundet campus of the University of Barcelona. The rat was located around 12 km away in an animal care facility in Bellvitge.

Tracking technology was used to track the movements of the rat in its arena, and the tracking data was transmitted over the internet to the computers running the virtual reality simulation in Mundet. This tracking information was used to control a virtual human character (an avatar) that represented the rat so that whenever the rat moved its avatar moved too, in a representation of the rat arena but scaled up to human size. Hence the human participant shared the virtual arena, which looked like a room with some pictures on the walls, with a humanoid avatar.

The movements of the human in the virtual reality were also tracked, and the data sent to computers in Bellvitge that controlled a small robot that was located in the rat arena. Whenever the human moved in the virtual space the robot moved in the rat space.

Putting all this together - the rat interacted with a rat sized robot that represented the remotely located human, and the human interacted with a human sized avatar that represented the remotely located rat.

Professor Mandayam Srinivasan, author of the paper from the UCL Department of Computer Science and MIT, said: "Beaming is a step beyond approaches such as video conferencing which do not give participants the physical sensation of being in the same shared space, and certainly not the physical capability to actually carry out actions in that space."

He added: "The process demonstrated here not only shows the range of our technology, but also provides a new tool for scientists, explorers or others to visit distant and alien places without themselves being placed in any kind of danger, and importantly, to be able to see animal behaviour in a totally new way - as if it were the behaviour of humans."

Professor Mel Slater, also from the UCL Department of Computer Science and also ICREA, University of Barcelona said: "In the paper we used the idea of representing the rat as if it were a human, but there would be many other possibilities. One idea is that using this technology behavioural scientists could get insights into behaviour by observing it, and taking part in it, through this quite different filter. However, our primary goal was to demonstrate the possibilities inherent in this technology."

###

Notes to Editors

1. For more information or to interview Professor Mandayam Srinivasan or Professor Mel Slater, please contact Clare Ryan in the UCL Media Relations Office on tel: +44 (0)20 3108 3846, mobile: +44 07747 565 056, out of hours +44 (0)7917 271 364, e-mail: clare.ryan@ucl.ac.uk.

2. 'Beaming into the Rat World: Enabling Real-Time Interaction Between Rat and Human Each at Their Own Scale' is published in PLOS ONE and will be available from this link once the embargo has lifted: http://dx.plos.org/10.1371/journal.pone.0048331

3. Journalists can also obtain copies of the paper by contacting UCL Media Relations.

4. Video footage and stills from the experiment are available to journalists on request from UCL Media Relations.


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?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Virtual reality 'beaming' technology transforms human-animal interaction [ Back to EurekAlert! ] Public release date: 31-Oct-2012
[ | E-mail | Share Share ]

Contact: Clare Ryan
clare.ryan@ucl.ac.uk
44-020-310-83846
University College London

Using cutting-edge virtual reality technology, researchers have 'beamed' a person into a rat facility allowing the rat and human to interact with each other on the same scale.

Published today in PLOS ONE, the research enables the rat to interact with a rat-sized robot controlled by a human participant in a different location. At the same time, the human participant (who is in a virtual environment) interacts with a human-sized avatar that is controlled by the movements of the distant rat. The authors hope the new technology will be used to study animal behaviour in a completely new way.

Computer scientists at UCL and the University of Barcelona have been working on the idea of 'beaming' for some time now, having last year digitally beamed a scientist in Barcelona to London to be interviewed by a journalist.

The researchers define 'beaming' as digitally transporting a representation of yourself to a distant place, where you can interact with the people there as if you were there. This is achieved through a combination of virtual reality and teleoperator systems. The visitor to the remote place (the destination) is represented there ideally by a physical robot.

During the human-animal beaming process the human participants in the system were in a virtual reality lab at the Mundet campus of the University of Barcelona. The rat was located around 12 km away in an animal care facility in Bellvitge.

Tracking technology was used to track the movements of the rat in its arena, and the tracking data was transmitted over the internet to the computers running the virtual reality simulation in Mundet. This tracking information was used to control a virtual human character (an avatar) that represented the rat so that whenever the rat moved its avatar moved too, in a representation of the rat arena but scaled up to human size. Hence the human participant shared the virtual arena, which looked like a room with some pictures on the walls, with a humanoid avatar.

The movements of the human in the virtual reality were also tracked, and the data sent to computers in Bellvitge that controlled a small robot that was located in the rat arena. Whenever the human moved in the virtual space the robot moved in the rat space.

Putting all this together - the rat interacted with a rat sized robot that represented the remotely located human, and the human interacted with a human sized avatar that represented the remotely located rat.

Professor Mandayam Srinivasan, author of the paper from the UCL Department of Computer Science and MIT, said: "Beaming is a step beyond approaches such as video conferencing which do not give participants the physical sensation of being in the same shared space, and certainly not the physical capability to actually carry out actions in that space."

He added: "The process demonstrated here not only shows the range of our technology, but also provides a new tool for scientists, explorers or others to visit distant and alien places without themselves being placed in any kind of danger, and importantly, to be able to see animal behaviour in a totally new way - as if it were the behaviour of humans."

Professor Mel Slater, also from the UCL Department of Computer Science and also ICREA, University of Barcelona said: "In the paper we used the idea of representing the rat as if it were a human, but there would be many other possibilities. One idea is that using this technology behavioural scientists could get insights into behaviour by observing it, and taking part in it, through this quite different filter. However, our primary goal was to demonstrate the possibilities inherent in this technology."

###

Notes to Editors

1. For more information or to interview Professor Mandayam Srinivasan or Professor Mel Slater, please contact Clare Ryan in the UCL Media Relations Office on tel: +44 (0)20 3108 3846, mobile: +44 07747 565 056, out of hours +44 (0)7917 271 364, e-mail: clare.ryan@ucl.ac.uk.

2. 'Beaming into the Rat World: Enabling Real-Time Interaction Between Rat and Human Each at Their Own Scale' is published in PLOS ONE and will be available from this link once the embargo has lifted: http://dx.plos.org/10.1371/journal.pone.0048331

3. Journalists can also obtain copies of the paper by contacting UCL Media Relations.

4. Video footage and stills from the experiment are available to journalists on request from UCL Media Relations.


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?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-10/ucl-vr103112.php

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Egypt's Brotherhood: Shariah must be charter base

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Wednesday, October 31, 2012

Assembly not required

Assembly not required [ Back to EurekAlert! ] Public release date: 31-Oct-2012
[ | E-mail | Share Share ]

Contact: Michael Patrick Rutter
mrutter@seas.harvard.edu
617-496-3815
Harvard University

Researchers from NYU, Harvard, and Dow Chemical create new microparticles that self-assemble like atoms into molecules

Cambridge, Mass. - October 31, 2012 - Scientists have created new kinds of particles, 1/100th the diameter of a human hair, that spontaneously assemble themselves into structures resembling molecules made from atoms. These new particles come together, or "self-assemble," to form structures in patterns that were previously impossible to make and hold promise for manufacturing advanced optical materials and ceramics.

The method, described in the latest issue of the journal Nature, was developed by a team of chemists, chemical engineers, and physicists at New York University (NYU), the Harvard School of Engineering & Applied Sciences, the Harvard Department of Physics, and Dow Chemical Company.

The method is centered on enhancing the architecture of colloidssmall particles suspended within a fluid medium. Colloidal dispersions are composed of such everyday items as paint, milk, gelatin, glass, and porcelain, but their potential to create new materials remains largely untapped.

Previously, scientists had succeeded in building rudimentary structures from colloids. But the ability use colloids to design and assemble complex 3-dimensional structures, which are vital to the design of advanced optical materials, has been limited. This is, in part, because colloids lack directional bonds, which are necessary to control particle self-assembly as well as to enhance complexity while maintaining the structural integrity of these creations. Such assemblies serve as the building blocks of the natural worlde.g., atoms and moleculesbut they are rare in the colloidal domain.

"What this method aimed to do was to use nature's properties for atoms and apply them to the colloidal world," explained NYU chemistry professor Marcus Weck, one of the study's coauthors.

"Chemists have a whole periodic table of atoms to choose from when they synthesize molecules and crystals," added coauthor Vinothan Manoharan, Associate Professor of Chemical Engineering and Physics at Harvard. "We wanted to develop a similar 'construction set' for making larger-scale molecules and crystals."

In developing colloids with such properties, the researchers engineered chemical "patches" that can form directional bonds, thus allowing for the assembly of 3-dimensional "lattices" with only a few connections between particles, an important design element for many advanced materials. Without directional bonding, such structures are unstable.

The trick was establishing bonding capabilities on the patches. The scientists did so by using single strands of DNA, which scientists at NYU and elsewhere have previously employed to organize small particles. In the method described in Nature, these strands of DNA served as "sticky ends" to which particle patches could adhere.

"What this means is we can make particles that attach only at the patches, and then we can program them so only specific kinds of particles attach at those patches," said coauthor and NYU physics professor David Pine. "This gives us tremendous flexibility to design 3-dimensional structures."

The researchers added that the specificity of DNA interactions between patches means that colloids with different properties, such as size, color, chemical functionality, or electrical conductivity, could lead to the production of new materials. These potentially include 3-dimensional electrically wired networks or photonic crystals to enhance the optical displays of a range of consumer products and to improve the speed of computer chips.

###

Additional coauthors included Yufeng Wang (NYU), Yu Wang (NYU), Dana R. Breed (Dow Chemical Co.), Lang Feng (NYU), and Andrew D. Hollingsworth (NYU).

Key work was performed at NYU's Materials Research Science and Engineering Center, an interdisciplinary laboratory supported by the National Science Foundation.

The research was also supported by grants from the National Science Foundation (MR-0820341, ChE-0911460, DMR-0923251).


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?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Assembly not required [ Back to EurekAlert! ] Public release date: 31-Oct-2012
[ | E-mail | Share Share ]

Contact: Michael Patrick Rutter
mrutter@seas.harvard.edu
617-496-3815
Harvard University

Researchers from NYU, Harvard, and Dow Chemical create new microparticles that self-assemble like atoms into molecules

Cambridge, Mass. - October 31, 2012 - Scientists have created new kinds of particles, 1/100th the diameter of a human hair, that spontaneously assemble themselves into structures resembling molecules made from atoms. These new particles come together, or "self-assemble," to form structures in patterns that were previously impossible to make and hold promise for manufacturing advanced optical materials and ceramics.

The method, described in the latest issue of the journal Nature, was developed by a team of chemists, chemical engineers, and physicists at New York University (NYU), the Harvard School of Engineering & Applied Sciences, the Harvard Department of Physics, and Dow Chemical Company.

The method is centered on enhancing the architecture of colloidssmall particles suspended within a fluid medium. Colloidal dispersions are composed of such everyday items as paint, milk, gelatin, glass, and porcelain, but their potential to create new materials remains largely untapped.

Previously, scientists had succeeded in building rudimentary structures from colloids. But the ability use colloids to design and assemble complex 3-dimensional structures, which are vital to the design of advanced optical materials, has been limited. This is, in part, because colloids lack directional bonds, which are necessary to control particle self-assembly as well as to enhance complexity while maintaining the structural integrity of these creations. Such assemblies serve as the building blocks of the natural worlde.g., atoms and moleculesbut they are rare in the colloidal domain.

"What this method aimed to do was to use nature's properties for atoms and apply them to the colloidal world," explained NYU chemistry professor Marcus Weck, one of the study's coauthors.

"Chemists have a whole periodic table of atoms to choose from when they synthesize molecules and crystals," added coauthor Vinothan Manoharan, Associate Professor of Chemical Engineering and Physics at Harvard. "We wanted to develop a similar 'construction set' for making larger-scale molecules and crystals."

In developing colloids with such properties, the researchers engineered chemical "patches" that can form directional bonds, thus allowing for the assembly of 3-dimensional "lattices" with only a few connections between particles, an important design element for many advanced materials. Without directional bonding, such structures are unstable.

The trick was establishing bonding capabilities on the patches. The scientists did so by using single strands of DNA, which scientists at NYU and elsewhere have previously employed to organize small particles. In the method described in Nature, these strands of DNA served as "sticky ends" to which particle patches could adhere.

"What this means is we can make particles that attach only at the patches, and then we can program them so only specific kinds of particles attach at those patches," said coauthor and NYU physics professor David Pine. "This gives us tremendous flexibility to design 3-dimensional structures."

The researchers added that the specificity of DNA interactions between patches means that colloids with different properties, such as size, color, chemical functionality, or electrical conductivity, could lead to the production of new materials. These potentially include 3-dimensional electrically wired networks or photonic crystals to enhance the optical displays of a range of consumer products and to improve the speed of computer chips.

###

Additional coauthors included Yufeng Wang (NYU), Yu Wang (NYU), Dana R. Breed (Dow Chemical Co.), Lang Feng (NYU), and Andrew D. Hollingsworth (NYU).

Key work was performed at NYU's Materials Research Science and Engineering Center, an interdisciplinary laboratory supported by the National Science Foundation.

The research was also supported by grants from the National Science Foundation (MR-0820341, ChE-0911460, DMR-0923251).


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-10/hu-anr103112.php

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Poll Shows Voters Placing Energy Policy Over Environment

According to the results of a recent Harris Poll, Americans are placing a higher priority on energy policy than environmental policy in deciding which candidate to vote for. Here are the details.

* Harris Interactive surveyed 2,562 adults online between Sept. 17 and 24, 2012.

* Overall, 77 percent of respondents to the poll rated energy policy as either very important or important when asked which policies contribute most to their support of one candidate over another.

* 67 percent of respondents found environmental policy to be important or very important. Environmental policy was the least influential in Americans' presidential choice, Harris found.

* The gap in importance between energy and environmental policy grows according to age, Harris Interactive reported, with energy policy holding only a 3 percent advantage over environmental policy, 66 to 63 percent, for Americans between the ages of 18-35.

* Among 36-47 year olds, the gap in the importance of energy policy as compared to environmental policy increased to 10 percentage points, 74-64 percent. The gap grew 13 points among 48-66 year olds and 90 percent of those 67 and older found energy policy important in choosing a president, compared to 74 percent who placed importance on a candidate's environmental policy.

* Harris Interactive found that 48 percent of Americans most often identify nuclear power as an energy source that is harmful or very harmful to the environment, with clean coal being considered harmful or very harmful.

* Fewer than a fourth of Americans believe that natural gas is either harmful or very harmful. Another 40 percent rate it as "not that harmful" while nearly 20 percent believe it is not at all harmful to the environment.

* Thirty-one percent of the respondents to the Harris poll stated that the potential benefits of natural gas hydraulic fracturing -- known as "fracking" -- outweigh the risks. Thirty-two percent believe the risks outweigh the benefits. Thirty-eight percent stated that they are unsure and that more education is needed on the fracking process and its implications.

* While both energy and environmental policies were regarded as less influential in deciding on a candidate than the economy, tax, jobs, healthcare and foreign policies, Harris Interactive Vice President and Senior Consultant Sarah Simmons stated that energy remains an important policy to Americans.

* "Even after the election is over," Simmons said, "energy will remain an important subject for Americans because it is also central to so many other policies, especially economic, jobs and environmental policies."

* Energy pricing has a significant impact on families, Simmons added, as it involves the price paid at the pump, the ability of businesses to increase the workforce, its influence on the nation's economic health and way of life.

Source: http://news.yahoo.com/poll-shows-voters-placing-energy-policy-over-environment-192100026.html

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Four Ways To Hedge Your Stock Bets With Options | Options ...

As you may already be aware, hedging is a popular options strategy -- and why not? Options offer a reasonably priced, low-risk method of protecting against major losses on your equity investments. This article highlights four common ways you can use option contracts to hedge your market positions.

Protect Individual Stock Investments

First off, we have the protective put, which is also referred to as a "married put." As you may already be aware, buying (to open) a put option gives you the right, but not the obligation, to sell 100 shares of the underlying stock at the strike price of the contract. This bearish strategy is described as a "long put."

So, let's say that you own 1,000 shares of Stock XYZ. It's a relatively solid stock that you've held in your portfolio for a while, yielding a considerable gain of 155%. Ideally, you'd like to keep your shares, since you're collecting a respectable dividend and you are encouraged by the company's long-term prospects.

However, there's a recent fundamental development that has made you a bit nervous. XYZ's CEO of 25 years has departed the company, and you're anxious the shift to a new chief executive could have a negative impact on the stock price.

In this scenario, there's no need to panic-sell the shares -- nor do you need to sit by helplessly and watch your profits erode. Instead, you can ease your anxieties by buying a protective put. To implement the strategy, simply buy (to open) one put option for every 100 shares you'd like to insure (in this case, you would need 10 puts to protect all 1,000 shares).

There are no strict rules, but try to match the strike price of your puts with your preferred exit price on the stock. If XYZ is hovering at $58 per share, and you don't want to own the shares below $50, considering buying the 50-strike puts. Meanwhile, choose a time frame that aligns with your expected period of weak (or uncertain) price action. In this example, you'll probably have a good idea after three months or so whether you should head for the exits, or hold onto the stock.

If your fears come to fruition and the stock declines, your put options will go in the money. You can then exercise your option to sell the shares at the strike price, thereby securing a comfortable exit price. In other words, the purchase of the put options has capped your downside risk.

However, even if the puts expire worthless, there's an upside: you still own a stock on which you're bullish long-term. Plus, the protective puts have given you peace of mind, which could help you rest a little easier at night.

Guard Against Sector-Specific Weakness

As the popularity of exchange-traded funds (ETF) continues to grow, there is an array of hedging opportunities. There are now ETFs available on nearly every sector of the market, which is great news for speculators.

Let's take a look at this example. If you own a variety of large-cap tech stocks, it would be pretty tedious to buy a protective put on each individual security (not to mention it would cost you a bundle in brokerage fees). However, that doesn't change the fact that you're concerned about the potentially negative effects of a slowdown in corporate IT spending.

If you expect this fundamental development to have an ill effect on some of your tech holdings, but you'd prefer to keep the shares over the long term, simply find an ETF that's based on the sector in question. In this example, it would be the PowerShares QQQ Trust, Series 1 ETF (NASDAQ:QQQ), which tracks powerhouse stocks such as Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Intel (NASDAQ:INTC). To hedge your large-cap tech investments, purchase one put option per 1,000 shares you'd like to insure.

The possible outcomes here are roughly the same as with a straightforward protective put. However, bear in mind that ETFs won't necessarily track the movements of your stocks directly, due to their unique compositions. For example, AAPL controls a much larger percentage of the QQQ compared with INTC. So, you could theoretically lose money on your Intel shares, while the QQQ remains perched above the strike price of your puts, due to a simultaneous surge in AAPL shares.

Happily, though, a large number of sectors have more than one dedicated ETF, so you should be able to pick and choose. Be sure to do some research before you purchase put protection, as it definitely pays to keep an eye on the weighting assigned to each asset within the ETF.

Last but not least, it bears mentioning that you will most likely not be exercising your option, as you would with a protective put -- unless you happen to have a couple hundred shares of the appropriate ETF ready to sell. Rather, if your option goes in the money, you can simply sell to close prior to expiration in order to lock in a gain.

No positions in stocks mentioned.

Source: http://www.minyanville.com/trading-and-investing/options/articles/qqq-255EGSPC-spy-255EDJI-dia-s2526p500/10/31/2012/id/45437

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Tuesday, October 30, 2012

Global markets resilient in face of US superstorm

The floor of the New York Stock Exchange is empty of traders, Monday, Oct. 29, 2012, in New York. All major U.S. stock and options exchanges will remain closed Monday with Hurricane Sandy nearing landfall on the East Coast. Trading has rarely stopped for weather. A blizzard led to a late start and an early close on Jan. 8, 1996, according to the exchange's parent company, NYSE Euronext. The NYSE shut down on Sept. 27, 1985 for Hurricane Gloria. (AP Photo/Richard Drew)

The floor of the New York Stock Exchange is empty of traders, Monday, Oct. 29, 2012, in New York. All major U.S. stock and options exchanges will remain closed Monday with Hurricane Sandy nearing landfall on the East Coast. Trading has rarely stopped for weather. A blizzard led to a late start and an early close on Jan. 8, 1996, according to the exchange's parent company, NYSE Euronext. The NYSE shut down on Sept. 27, 1985 for Hurricane Gloria. (AP Photo/Richard Drew)

Sand bags protect an entrance of the New York Stock Exchange, Monday, Oct. 29, 2012. Hurricane Sandy continued on its path Monday, forcing the shutdown of mass transit, schools and financial markets, sending coastal residents fleeing, and threatening a dangerous mix of high winds and soaking rain. There had been plans to allow electronic trading to go forward on the New York Stock Exchange but with a storm surge expected to cover parts of lower Manhattan in water, officials decided late Sunday that it was too risky to ask any personnel to staff the exchanges. (AP Photo/Richard Drew)

(AP) ? Markets recovered their poise Tuesday, though trading remained subdued as Wall Street remained closed for a second day because of the superstorm that's ravaging the East Coast of the U.S.

The New York Stock Exchange's decision to remain shut marks the first time weather has stopped trading for two straight days since 1888.

Though the impact on the U.S. economy could be hefty, the global financial markets that are open have largely remained calm. Monday's losses in Europe have been more than recovered on Tuesday.

"Markets have put in a robust performance with equity prices appearing to have held up despite the damage that has been inflicted on the North East coast by hurricane Sandy," said Fawad Razaqzada, market strategist at GFT Markets.

In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,835 while Germany's DAX rose 0.9 percent to 7,266. The CAC-40 in France was 0.8 percent higher at 3,436.

There have been strong performances by individual stocks in Europe, not least BP, which announced a big dividend increase and UBS, which revealed plans to lay off 10,000 staff.

Investors will continue to monitor the progress of the storm, which has already claimed the lives of at least 16 people, to assess the financial impact. So far, experts estimate the cost of the damage is around $20 billion, with around half of that insured.

Many investors are looking back into history for guidance. In 2005 for example, Hurricane Katrina, the most devastating hurricane in U.S. history, lowered the country's economic growth by around 1 percent before it bounced back on the back of reconstruction.

"Back then, the U.S. economy was in a stronger condition whereas now, economic growth is on a softer trajectory," said Neil MacKinnon, global macro strategist at VTB Capital.

The uncertainty generated by the storm comes at the start of a big week in the United States. This is the last full week before the Nov. 6 presidential election and culminates Friday with the release of October's employment report, which many analysts think could have an impact on the vote.

Beyond stocks, financial markets were relatively calm.

The euro recouped the previous day's losses to trade 0.4 percent higher at $1.2950 despite a survey from the European Commission showing that economic sentiment in the 17-country eurozone fell to a 38-month low in October. Figures showing Spain's economy shrank a further 0.3 percent in the third quarter meant the country has been in recession for five straight quarters.

Meanwhile, the price of benchmark New York oil was also 13 cents higher at $85.67 a barrel.

Earlier in Asia, trading was more mixed.

Japan's Nikkei 225 index fell 1 percent to close at 8,841.98 after the Bank of Japan announced it was expanding a bond-buying program to help spur growth. Some analysts said they were disappointed by the small size of the program.

The announcement followed a report showing Japan's industrial output contracted by 4.1 percent in September from August and 8.1 percent from a year earlier.

Japan's economy has been hobbled by weakness in its turbocharged export sector, which has been hit hard by a slowdown in demand from recession-mired Europe and a persistently strong yen, which makes Japanese products more expensive for overseas buyers.

Elsewhere, South Korea's Kospi index rose 0.4 percent to 1,899.58 but Hong Kong's Hang Seng index fell 0.4 percent to 21,428.58. Benchmarks in mainland China, also rose.

In Asia, traders are also waiting for China's once-in-a-decade National Party Congress on Nov. 8, which will usher in a new crop of party leaders.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-30-World%20Markets/id-91130250a9db45ffab8b1e80b15dd770

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