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Residents of Newtown, Conn. fill an auditorium and listen during a hearing of a legislative task force on gun violence and children's safety at Newtown High School in Newtown, Conn., Wednesday, Jan. 30, 2013. Connecticut lawmakers are in Newtown for the hearing, where those invited to give testimony include first responders and families with children enrolled at Sandy Hook Elementary. (AP Photo/Jessica Hill)
Residents of Newtown, Conn. fill an auditorium and listen during a hearing of a legislative task force on gun violence and children's safety at Newtown High School in Newtown, Conn., Wednesday, Jan. 30, 2013. Connecticut lawmakers are in Newtown for the hearing, where those invited to give testimony include first responders and families with children enrolled at Sandy Hook Elementary. (AP Photo/Jessica Hill)
Nicole and Ian Hockley, parents of Sandy Hook School shooting victim Dylan, testify during a hearing of a legislative task force on gun violence and children's safety at Newtown High School in Newtown, Conn., Wednesday, Jan. 30, 2013. Connecticut lawmakers are in Newtown for the hearing, where those invited to give testimony include first responders and families with children enrolled at Sandy Hook Elementary. (AP Photo/Jessica Hill)
Ian Hockley, father of Sandy Hook School shooting victim Dylan, holds a photo of his son as he listens during a hearing of a legislative task force on gun violence and children's safety at Newtown High School in Newtown, Conn., Wednesday, Jan. 30, 2013. Connecticut lawmakers are in Newtown for the hearing, where those invited to give testimony include first responders and families with children enrolled at Sandy Hook Elementary. (AP Photo/Jessica Hill)
Susan Ehrens reacts as she testifies during a hearing of a legislative task force on gun violence and children's safety at Newtown High School in Newtown, Conn., Wednesday, Jan. 30, 2013. Ehrens daughter was a survivor in teacher Victoria Soto's class in the Sandy Hook Elementary School shooting. Connecticut lawmakers are in Newtown for the hearing, where those invited to give testimony include first responders and families with children enrolled at Sandy Hook Elementary. (AP Photo/Jessica Hill)
Nicole and Ian Hockley, parents of Sandy Hook School shooting victim Dylan, listen during a hearing of a legislative task force on gun violence and children's safety at Newtown High School in Newtown, Conn., Wednesday, Jan. 30, 2013. Connecticut lawmakers are in Newtown for the hearing, where those invited to give testimony include first responders and families with children enrolled at Sandy Hook Elementary. (AP Photo/Jessica Hill)
NEWTOWN, Conn. (AP) ? Newtown officials and parents of children killed in last month's elementary school massacre called on lawmakers Wednesday to turn the tragedy into "the moment of transformation" by banning high-powered, military-style rifles and high-capacity magazines while providing better care to the mentally ill and requiring more background checks for gun owners.
Several hundred residents, many wearing stickers urging more gun control measures, attended a public hearing held Wednesday night in the wake of the Dec. 14 shooting at Sandy Hook Elementary School that left 20 first-graders and six educators dead. State lawmakers are considering possible changes to laws and policies affecting guns, mental health and school safety.
Bill Sherlach, whose wife, Mary, a school psychologist, died in the rampage, said that he respects the Second Amendment but that it was written in a long-ago era where armaments were different.
"I have no idea how long it took to reload and refire a musket," he said. "I do know that the number of shots fired in the Sandy Hook Elementary School in those few short minutes is almost incomprehensible, even in today's modern age."
Unlike a legislative subcommittee hearing held Monday at the Legislative Office Building in Hartford on gun laws, which lasted hours into the night and attracted hundreds of gun rights activists statewide, the crowd at Newtown High School on Wednesday was overwhelmingly in favor of gun control.
"Make this the time that change happens. Don't give up because it's too hard or too difficult. Make a promise to honor the lives lost at Sandy Hook and elsewhere in America by turning this tragedy into the moment of transformation that benefits us all," said Nicole Hockley. Her 6-year-old son, Dylan, was among those killed by 20-year-old Adam Lanza, who fatally shot his mother in their home before driving to the school to carry out the massacre and committing suicide.
David Wheeler, whose 6-year-old son, Benjamin, was also killed, said a more comprehensive system of identifying and monitoring individuals with mental distress needs to be created.
"That a person with these problems could live in a home where he had access to among the most powerful firearms available to non-military personnel is unacceptable," he said. "It doesn't matter to whom these weapons were registered. It doesn't matter if they were purchased legally. What matters is that it was far too easy for another mentally unbalanced, suicidal person who had violent obsessions to have easy access to unreasonably powerful weapons."
But Newtown resident Casey Khan warned that further restrictions on gun rights leave "good and lawful citizens at risk." While one of the few to speak in favor of gun rights, Khan still received applause from some in the audience.
Another resident, Mike Collins, said reducing the number of cartridges creates a vulnerability for the shooter, who has to reload, and for the people trying to defend themselves.
"I don't want to be out-gunned in a situation that I cannot walk or run away from," he said.
In response to calls from gun enthusiasts who've urged lawmakers against infringing on their Second Amendment rights, Newtown Police Chief Michael Kehoe told the lawmakers "this sacrifice is necessary and certainly warranted." Kehoe spoke of the need to reduce easy access to weapons of mass murder.
Wednesday's public hearing was organized by the General Assembly's task force on gun violence prevention and children's safety. Lawmakers hope to vote on a package of new measures around the end of February.
More details of the shooting were revealed at the hearing.
Susie Ehrens spoke of how her daughter, Emma, escaped from Sandy Hook with a group of other first-graders when the shooter paused. Emma, she said, saw her friends and teacher slaughtered before she ran past lifeless bodies and a half a mile down the road.
"The fact that my daughter survived and others didn't haunts me. That a spot where they were standing at that moment decided their fate that day, when evil (that) could have been stopped walked into their classrooms," Ehrens said.
Mary Ann Jacob, a Sandy Hook teacher, recalled hearing "hundreds of hundreds of gunshots that seemed to last forever" and crawling across the floor with 18 children to hide from the shooter.
Some in the audience didn't testify but said they felt it was important to attend.
Trish Keil and her twin sister, Helen Malyszka, two music teachers in Sandy Hook who knew many of the slain children, said they believe the tragedy will lead to change and won't be forgotten. Both support more gun control measures.
"I think it happened in Newtown for a reason and I think there is going to be major change because Newtown will not stand by and let this go," Keil said. "This is just, it's too horrific. When it's starting to affect our children, something has to be done and it's going to change."
Guatemala's former dictator Jose Efrain Rios Montt, top, attends his hearing in Guatemala City, Monday, Jan. 28, 2013. Rios Montt, a former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war, will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians, a judge ruled Monday. (AP Photo/Moises Castillo)
Guatemala's former dictator Jose Efrain Rios Montt, top, attends his hearing in Guatemala City, Monday, Jan. 28, 2013. Rios Montt, a former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war, will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians, a judge ruled Monday. (AP Photo/Moises Castillo)
Guatemala's former dictator Jose Efrain Rios Montt (1982-1983) attends a court session to hear the judge's ruling in Guatemala City, Monday, Jan. 28, 2013. A judge has ruled that a former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians. (AP Photo/Moises Castillo)
Guatemala's former dictator Jose Efrain Rios Montt attends his hearing in Guatemala City, Monday, Jan. 28, 2013. Rios Montt, a former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war, will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians, a judge ruled Monday. (AP Photo/Moises Castillo)
Guatemala's former dictator Jose Efrain Rios Montt, third from left, leaves after attending his hearing in Guatemala City, Monday, Jan. 28, 2013. Rios Montt, a former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war, will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians, a judge ruled Monday. (AP Photo/Moises Castillo)
Guatemala's former dictator Jose Efrain Rios Montt attends his hearing in Guatemala City, Monday, Jan. 28, 2013. Rios Montt, a former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war, will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians, a judge ruled Monday. (AP Photo/Moises Castillo)
GUATEMALA CITY (AP) ? A former U.S.-backed dictator who presided over one of the bloodiest periods of Guatemala's civil war will stand trial on charges he ordered the murder, torture and displacement of thousands of Mayan Indians, a judge ruled Monday.
Human rights advocates have said that the prosecution of Jose Efrain Rios Montt would be an important symbolic victory for the victims of one of the most horrific of the conflicts that devastated Central America during the last decades of the Cold War.
He is the first former president to be charged with genocide by a Latin American court.
"It's the beginning of a new phase of this struggle," said Paul Seils, vice president of the New York-based International Center for Transitional Justice, which has worked extensively on war-crimes cases in Guatemala. He said the decision was "a good step forward" but he expected the prosecution of Rios Mont to encounter stiff resistance from forces in Guatemala opposed to the punishment of government-allied forces for their actions during the civil war.
Others hailed the judge's ruling as a less-qualified victory for justice in Guatemala.
"The fact that a judge has ordered the trial of a former head of state is a remarkable development in a country where impunity for past atrocities has long been the norm," said Jose Miguel Vivanco, Americas director at Human Rights Watch.
Guatemala's leaders have been criticized for years for their inability or unwillingness to prosecute government forces and allied paramilitaries accused of marching into Mayan villages, carrying out rapes and torture, and slaughtering women, children and unarmed men in a "scorched earth" campaign aimed at eliminating the support for a left-wing guerrilla movement.
Despite a series of international inquiries finding him responsible for war crimes, Rios Montt served as a Guatemalan congressman for 15 years until he lost a re-election race late last year. He had held immunity from prosecution while a member of Congress and was put under house arrest after losing his post.
One of the highest priorities of the president who won last year's election, Otto Perez Molina, has been campaigning for the elimination of a U.S. ban on military aid to Guatemala, which is locked in a fight against heavily armed drug cartels that have taken over swathes of the country.
Among the conditions set by the U.S. Congress for restoring the aid is reforming Guatemala's justice system and putting an end to impunity.
The decision to try Rios Montt could stand as a precedent in the cases of dozens of other lower-ranking military men accused of participating in atrocities, victims' advocates have said.
Judge Miguel Angel Galvez ruled that Rios Montt could be tried on charges of genocide and crimes against humanity for the killing of 1,771 indigenous Ixiles in 1982 and 1983, when he was president.
The decision clears the way for a three-judge panel to hear the evidence against Rios Montt and decide to either judge him guilty and sentence him, exonerate him of the charge or start a public trial.
Prosecutors allege that after leading a March 1982 coup and seizing control of the government, Rios Montt oversaw torture, rape, forced disappearances and forced relocations and killings of thousands of Ixil people by soldiers, paramilitaries and other government officials.
His lawyers have sought to block the trial, arguing that he is protected by an amnesty law.
The attorney-general's office said that it found evidence of 5,271 killings of Ixil residents of the towns of San Juan Cotzal, Santa Maria Nebai and San Gaspar Chajul in the department of Quiche. Prosecutors said 1,771 died in some 15 massacres between 1982 and 1983, and 370 bodies have been identified.
Prosecutor Orlando Lopez said during hearings before Monday's decision that Rios Montt wanted to wipe out the Ixil people, considered a bastion of support for guerrilla fighters waging a civil war against the Guatemalan state.
"During the period in which you held office, it is believed that the actions carried by members of the Guatemalan Army, military official and civil defense patrolmen resulted in the deaths of 1,771 people," the complaint against Rios Montt reads.
The prosecution case includes forensic reports documenting hundreds of deaths.
Among the testimony presented to the judge was that of Ana Lopez, an Ixil woman taken from her home by soldiers in May, 1982 to a government outpost where she was tortured and raped for 10 days.
During the 1960-96 civil war, more than 200,000 people, mostly Mayan Indians, were killed or went missing and entire villages were exterminated, according to the United Nations.
Every week, the editors and writers at iMore carefully select some of our favorite, most useful, most extraordinary apps, accessories, gadgets, and websites. This week's selections include a ton of games, a smart news aggregator, and... did we say a ton of games?
My daughter actually discovered this game on the iPad, and has played it non-stop ever since. Your goal is to help Maxwell get through each level by inventing objects to pass obstacles and challenges. Your imagination is the only limit in this game, as you come up with new and original ways to solve the puzzles. For example, in one level you might need to cross a river, so you type in the word 'bridge' and one appears for you to place in the right spot. Or maybe you need to get over a large cliff, so you type 'butterfly wings' and use them to soar over, unscathed. Scribblenauts Remix contains 40 levels from the original game plus 10 original levels and the Playground where you can create to your heart's content in a sandbox environment. The game has just been updated for Valentine's Day with all new content, too. Play on multiple devices with iCloud allowing you to seamlessly switch between them, share your scores with your Game Center friends, and so much more. You don't want to miss trying out Scribblenauts, just be warned that you'll be hooked right away!
If you're a fan of the Ghostbusters cartoon from the 80's then you'll want to check out the latest Ghostbusters game in the app store. History hasn't been all that nice to the franchise when it comes to video games but this latest rendition does a lot better than previous iterations out there of offering something for fans. Assemble your Ghostbuster team and take on some ghosts, you'll need to fight your way through numerous levels using an array of weapons and if those aren't sufficient, you'll have to power up and get better ones. Yes, there is a money making scheme here that suggests you get through the game fast by buying 'power cores' but overall it's not a bad game to sit back and play, especially if you're a fan of the cartoon. Now, who you gonna call?
Trapit for iPad is news aggregator that learns what you like. Like Siri, Trapit was born out of DARPA?s CALO project, an effort to make an intelligent digital assisstant. Trapit works by asking you for a topic, Apple, for instance, and then asking you to find stories you like in order to teach Trapit what it should pull into that section. The more stories you like, the more Trapit is able to learn about how it should refine what news it shows you. If it shows you a story that isn?t relevant, might be spam, or is from a source you dislike, simple press the dislike button to get rid of it. As a service, Trapit is currently in beta, though the app itself is available for free on the App Store. Be sure to check it out, because it?s definitely worth a look.
Every once in a while I find a game with a decent story line and easy game play that's a great time killer. Momonga Pinball Adventures is a super cute game that's a pretty cool spin off of classic pinball.
Momonga is the last squirrel left that wasn't' taken by a gang of owls. Panda trains him to go rescue is tribe. Training and rescuing equals pinball action. You'll have to hit targets, dodge objects, and come out alive in order to save your tribe.
It's an easy enough game for children to play but stimulating enough to keep the big kids in the house entertained as well. If you're looking for a twist on an old classic, definitely check out Momonga Pinball Adventures. It's a universal download for both iPhone and iPad too so you can enjoy on whichever you prefer.
Traal is simple, free, and altogether intense stealth game. You control an abstract, nameless character through a dark maze full of treacherous obstacles and monstrous aberrations. Players have to collect scrolls written in an incomprehensible language in order to figure out where they are and where they're going. You have to be careful where you shine your light though, as the inhabitants will chase you down if you shine it on them. The dark music and stark, 8-bit-style graphics create an atmosphere perfect for a few jumps and frights. There's a refreshing absence of ads or in-app purchases here, which makes Traal a cozy, intimate get-together with you and your fear.
Now that we've chosen our favorites for the week, we want to hear yours! Did you pick up a killer app, accessory, or game this week? Let us know in the comments below!
? In theory at least, our generation has more money than other generations and more time to enjoy it. But maybe that doesn?t apply to everybody. If that?s the case with you, then you might want to read what Ron Whitaker writes about Cheap Travel Destinations for Budget-Minded Boomers.
It?s a New Year!
Travel writer Ron Whitaker
A time for everyone ? baby boomers don?t get a pass ? to stick to resolutions, to reflect, and to start thinking about some exotic, far-off destinations for your vacation this year.
So, where will it be in 2013? Paris? Rome? London? Sri Lanka?
Hold on a minute! What if you?re like so many boomers these days who need to keep a close watch on the budget? Are you condemned to a boring ?staycation? this year?
Not so fast!
Believe it or not, there are some cheap travel destinations right here in the good ol? U.S.A. that you can visit and enjoy while keeping to your budget.
Here are three of them. Once you?ve finished whetting your appetite on these cities, check out the infographic that?s printed with this article for seven more cities you might want to put on your 2013 travel bucket list.
El Paso, Texas
C?mon?Texas? Really??
Absolutely!
For boomers who might be seeking a low-key, out-of-the-way cheap traveldestination, El Paso just might be your place.
It lies in the western part of Texas, and is a good distance from the bright lights, the hustle and bustle of the larger cities of Texas like Dallas or San Antonio.
While in El Paso, you?ll want to visit the El Paso Museum of Art and see some American works from the 19th and 20th Centuries. You can also see Mexican colonial art from the 1700s and 1800s.
And if you?re a Mexican-food lover, then El Paso is your city! Many restaurants serve authentic Mexican food, as well as that famous Texas barbecue you?ve heard about.
And if you?re a boomer who enjoys wine, El Paso won?t disappoint. With over 300 sunny days each year, this part of Texas has many fine vineyards. While visiting, make sure to check out La Vina Winery and Zin Valle Vineyards along historic Highway 28.
Spokane River
Spokane, Washington
If the Southwest doesn?t fit your style, how about the Northwest?
Spokane, once a busy center for fur trading, is the largest city in eastern Washington.
If you?re into outdoor activities, Spokane is definitely a cheap travel destination that offers a lot of bang for the buck!
In preparing this post, I spoke with Gina Mauro Campbell, Director of Visitor Services at the Spokane Visitors Bureau.
We discussed some great events and activities, at incredibly reasonableprices, that will interest the boomer traveler.
Gina discussed the incredible golfing opportunities that abound around Spokane. People come from all over the U.S. to take advantage of the 30+ golf courses in the area. And the great surprise (to me, at least!) was that all City and County courses are less than $30 for a full round! So grab those clubs and head to the great Northwest!
If golf isn?t your activity of choice, check out the stunning gardens throughout Spokane. Spokane?s forefathers purposefully set aside large portions of land throughout the community specifically to remain as gardens.
One well-known garden is Manito Park. Manito Park contains rose, Japanese, and French gardens, along with a conservatory filled with exotic plants year-round. And best of all, there?s no charge. Just be sure to bring your camera!
For the cyclist, check out South Hill, a stunning residential area offering eight miles of single- and double-track riding.
After a day enjoying the outdoors, catch a performance of the Spokane Symphony, or check out a show at the Opera House, or even a play at the Civic Theater.
And if all the outdoor activities around Spokane aren?t enough, take I-90 a half hour east to Coeur d?Alene, Idaho, another pristine outdoor paradise that won?t disappoint!
South Bend, Indiana
University of Notre Dame Library.
Don?t laugh! South Bend is a fantastic travel destination you can visit on the cheap!
One of the most famous universities on the planet? Notre Dame? makes its home in South Bend, and is a huge tourist destination.
And if? a big IF? you can get tickets during the season, enjoy a Saturday afternoon cheering the Fighting Irish football team.
If you?re a more refined tourist and football just isn?t your thing, then check out some of the beautiful works of art located on campus, along with the Basilica of the Sacred Heart and the Grotto of Our Lady of Lourdes.
What boomer doesn?t remember the Studebaker? Well, for the car enthusiast, take a fun tour of the Studebaker National Museum, then head over to the South Bend Chocolate Company and try some of their famous truffles and fudge!
The U.S.A. is about a lot more than New York and Hollywood!
Three U.S. senators have re-introduced legislation in hopes of abolishing discrimination against lesbian, gay, bisexual and transgender (LGBT) citizens during the federal jury selection process.
The Jury ACCESS (Access for Capable Citizens and Equality in Service Selection) Act of 2013 would prohibit the practice of striking jurors in federal courts on the basis of sexual orientation or gender identity, according to a statement emailed to HuffPost Gay Voices.
The legislation, which was introduced by Senators Jeanne Shaheen (D-NH), Susan Collins (R-ME) and Sheldon Whitehouse (D-RI), has already been a number of LGBT advocacy groups including the Human Rights Campaign (HRC), the National LGBT Bar Association and the Alliance for Justice.
?We simply can?t tolerate discrimination against a potential juror because of sexual orientation or gender identity," Shaheen is quoted as saying in the press release. "Our country is founded on the principles of inclusion, acceptance, and equality. The jury selection process in federal courts should reflect those principles."
Added Whitehouse: "This legislation will help ensure that no potential juror is blocked from serving solely based on his or her sexual orientation or gender identity."
The proposed legislation follows the case of Christopher Lewis, a potential California juror who was described as a "man dressed a woman" by a trial judge in 2000 before being removed.
At the time, a state prosecutor argued that LGBT people "tend to associate more with the defendants" because they are "in a position of being in a microscope all the time and are outcasts," according to the American Independent.
Website hosting is one of the requirements of owning a website. Entrepreneurs, small business owners and companies selling online make use of various hosting features on a daily basis. The SuperCheapDomainNames.com company has added discount web hosting plans to its online services.
These plans are designed to offer a low price point for new or existing businesses. Plans can be purchased in monthly or annual configurations. Discount codes from GoDaddy are accepted for these new plans.
The use of social media websites has not decreased the amount of websites that are constructed annually according to research. New Internet domain name extensions have been approved to help fill the gap leftover from the shortage of available .com and .net extensions. These new extensions are expected to be available for registration in 2013. The new hosting plans that are now available are designed to help companies of all sizes save money.
Streaming online audio and video content is now possible with faster web servers. This technology has been updated annually to improve video and audio quality. The dedicated packages for hosting that are now available from SuperCheapDomainNames.com includes multimedia streaming. These inclusions are important for companies that deliver streaming content to website visitors. Each server account now includes a generous amount of streaming bandwidth to make delivery of audio and video data effortless and error-free.
To go with the cheaper server packages, a reduction in the domain name registration costs was added this month. The current price before coupon codes are applied is $ 9.99 for any available .com, .net or .org extension. This low price can be reduced downward with any GoDaddy 2013 coupon codes found online.
This special offer for reduced prices for company services is expected to remain in place through the first quarter of this year. The news announcement for the domain price drop can be found on the Internet at http://www.chron.com/business/press-releases/article/Cheap-Domains-Website-Launches-at-4210424.php.
Additional services that are provided by this company online includes SSL certificates, dedicated IP addresses, email services and SEO services for small businesses. Any of these services can be explored on the company website by business owners or individuals.
About Super Cheap Domain Names
The Super Cheap Domain Names company has been offering its discounted services since 2010 online. As a smaller and more focused company, the packages that are offered are priced to help businesses of all sizes. The useful services like domain name registration, hosting and SSL certificates are designed by this company to help provide an easy way for anyone to start selling products or services through a website. The Super Cheap Domain Names company frequently discounts its pricing to match the demands by small business owners in all industries.
In this internet marketing coaching session, I talk about how you can make money online by creating and selling digital products. Learn an easy way to get started in product creation even if you haven?t picked out a niche yet. I also cover ways to create products when you have zero knowledge in a niche.
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Hedge fund head Steve Cohen's amazing success at picking stocks has made him one of the most powerful figures on Wall Street, but his empire may be in jeopardy from a federal investigation as four of his former employees are pleading guilty to insider trading. NBC's Lisa Myers reports.
By Tom WinterProducer, NBC News
While federal authorities aggressively pursue individual insider stock trading? cases ?? including an ongoing investigation of Wall Street titan Steven A. Cohen?s SAC Capital hedge fund ? financial regulators remain years away from being able to peer into ?dark pools,? the high-tech mechanism that insiders use to conduct secret, advantageous transactions.
Federal prosecutors have been circling Cohen, 56, the founder and owner of one of the largest and most profitable U.S. hedge funds and one of the richest men in America, since at least late last year, when an indictment was unsealed against former SAC employee Mathew Martoma. He was the fifth SAC employee accused of insider trading while at the firm; four others have pleaded guilty.
The complaint, which alleges that Martoma used inside information about a clinical drug trial to help SAC earn profits and avoid losses of $276 million in 2008, indicates that Martoma told Cohen about the results of the trial. SAC then sold stock in the Elan company and purchased options, ?a calculated and well-informed gamble that the stock would plummet once the news was announced, according to the complaint.
Martoma, 38, pleaded not guilty to insider trading charges this month. His lawyer said he expects his client to be ?fully exonerated.?
Cohen has not been charged with any crimes. A spokesman for Cohen said, "The firm and Steve Cohen are confident he acted appropriately."
The complaint also offered a look at how ?dark pools? allowed Cohen's firm to trade millions of shares and hundreds of millions of dollars of stock virtually undetected.
Dark pools are essentially private stock exchanges reserved for the largest traders, including hedge funds, major institutional funds, pension funds, and big banks. The pools use computers to match buyers and sellers of a particular stock, drawing pricing data from public stock exchanges like the New York Stock Exchange or NASDAQ.
While all exchanges have a degree of anonymity, dark pools have an increased level of secrecy because neither the size of the trade nor the identity of the participants are revealed until a trade is filled. It?s like the childhood pool game of ?Marco Polo,? except all the players are blindfolded rather than just? one. As a result, there is no way of knowing if just one broker, one trader or one firm doing all the buying or selling.
That means institutions trying to unravel or rapidly accumulate large positions in a company can avoid the large increases or decreases that often occur when a major trader begins acquiring or dumping a stock. Essentially, without knowing who is doing the buying or selling, other investors can?t recognize a sudden large increase in supply or demand, experts on the pools tell NBC News.
In the complaint against Martoma, investigators cite an email from a ?senior trader? at SAC Capital explaining how trading in dark pools and using algorithms enabled the company to avoid detection, and potential losses on its sale of Elan stock:
?This process clearly stopped leakage of info from either in (or) outside the firm and in my viewpoint clearly saved us some slippage,? it said.
The secret trades are perfectly legal. Only if they are coupled with inside information and used to give buyers or sellers an improper advantage do they cross the line.
Investors who have filed a class-action lawsuit against Cohen and SAC Capital say that?s exactly what happened with the trades in the Elan pharmaceutical company initiated by Martoma. They allege that they were at a distinct disadvantage as SAC profited from insider knowledge.
"I had a million dollar home, now I'm in a manufactured home," said one of the plaintiffs, Howard Kreier of North Carolina. Today, he said, he's ashamed to talk to his friends who also bought the Elan stock on his recommendation and lost big too.
What surprises many investors is that the Securities and Exchange Commission, the regulator of the dark pool exchanges, also is in the dark, with no way of quickly determining who is trading what, according to its website. Only throughhistorical forensic analysis of trades -- and sometimes by subpoenaing trading records ? can the SEC find suspicious patterns indicative of insider trading.
The regulatory agency is putting together a system, called the Consolidated Audit Trail (CAT), capable of tracking trades in near-real time. But that is at least three years away according to the bid schedule. It is unknown if such a system could have detected the huge moves by SAC Capital in July 2008.
The SEC declined requests for comment from NBC News, but pointed to the agency?s website for the information on CAT as well as the SEC's charter, which requires it to ?protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation."
?That mandate puts the agency in the difficult position, observers note, because it has to encourage innovation ?? such as the use of dark pools -- while simultaneously protecting investors from being at a disadvantage as a result of such systems.
Insider trading by all hedge funds has been under scrutiny since August 2009, when Preet Bharara took over for the U.S. Attorney's Office for the Southern District of New York.
Since then, 76 people have been charged with the illegal act of buying and selling stock based on information from insiders, with 71 convicted, according to the U.S. Attorney ?s Office.
?While the toll of insider trading is difficult to establish, plaintiffs in the class-action lawsuit against Cohen and SAC say their case shows that the practice punished both ordinary investors and other institutions that aren?t in the know.
In going after Cohen and SAC, they are targeting one of Wall Street?s savviest traders.
Cohen is worth nearly $9 billion, according to published reports. Despite his massive art collection, 36,000 square foot home, and enormous wealth Cohen maintains a relatively low profile, rarely granting interviews.
"In speaking to Steve Cohen you wouldn't necessarily know that he has one of the greatest track records as an investor over the last 15 or 20 years and that he's one of the richest men in the country, said CNBC's David Faber, "He's fairly understated, he's far from a recluse, he has plenty of friends and is extraordinarily competitive.?
But Kreier, one of the plaintiffs in the lawsuit, said he has no compunctions about going after such a prominent player, given the high price he paid for his investment in Elan. Because he had no idea SAC Capital was dumping hundreds of millions of dollars of stock and even short-selling Elan through the dark pools, he said his confidence in the stock market is shot.
?"You don't stand a chance,? he said. ?You buy a stock, you're better off buying a lottery ticket."
Unprecedented glacier melting in the Andes blamed on climate changePublic release date: 22-Jan-2013 [ | E-mail | Share ]
Contact: Barbara Ferreira media@egu.eu 49-892-180-6703 European Geosciences Union
Glaciers in the tropical Andes have been retreating at increasing rate since the 1970s, scientists write in the most comprehensive review to date of Andean glacier observations. The researchers blame the melting on rising temperatures as the region has warmed about 0.7C over the past 50 years (1950-1994). This unprecedented retreat could affect water supply to Andean populations in the near future. These conclusions are published today in The Cryosphere, an Open Access journal of the European Geosciences Union (EGU).
The international team of scientists uniting researchers from Europe, South America and the US shows in the new paper that, since the 1970s, glaciers in tropical Andes have been melting at a rate unprecedented in the past 300 years. Globally, glaciers have been retreating at a moderate pace as the planet warmed after the peak of the Little Ice Age, a cold period lasting from the 16th to the mid-19th century. Over the past few decades, however, the rate of melting has increased steeply in the tropical Andes. Glaciers in the mountain range have shrunk by an average of 30-50% since the 1970s, according to Antoine Rabatel, researcher at the Laboratory for Glaciology and Environmental Geophysics in Grenoble, France, and lead author of the study.
Glaciers are retreating everywhere in the tropical Andes, but the melting is more pronounced for small glaciers at low altitudes, the authors report. Glaciers at altitudes below 5,400 metres have lost about 1.35 metres in ice thickness (an average of 1.2 metres of water equivalent [see note]) per year since the late 1970s, twice the rate of the larger, high-altitude glaciers.
"Because the maximum thickness of these small, low-altitude glaciers rarely exceeds 40 metres, with such an annual loss they will probably completely disappear within the coming decades," says Rabatel.
The researchers further report that the amount of rainfall in the region did not change much over the past few decades and, therefore, cannot account for changes in glacier retreat. Instead, climate change is to blame for the melting: regional temperatures increased an average of 0.15C per decade over the 1950-1994 period.
"Our study is important in the run-up to the next IPCC report, coming out in 2013," says Rabatel. The Intergovernmental Panel on Climate Change (IPCC) has pointed out that tropical glaciers are key indicators of recent climate change as they are particularly sensitive to temperature changes. The tropical Andes host 99% of all tropical glaciers in the world, most of them in Peru.
The research is also important to anticipate the future behaviour of Andean glaciers and the impact of their accelerated melting on the region. "The ongoing recession of Andean glaciers will become increasingly problematic for regions depending on water resources supplied by glacierised mountain catchments, particularly in Peru," the scientists write. Without changes in precipitation, the region could face water shortages in the future.
The Santa River valley in Peru will be most affected, as its hundreds of thousands of inhabitants heavily rely on glacier water for agriculture, domestic consumption, and hydropower. Large cities, such as La Paz in Bolivia, could also face shortages. "Glaciers provide about 15% of the La Paz water supply throughout the year, increasing to about 27% during the dry season," says Alvaro Soruco, a Bolivian researcher who took part in the study.
In their comprehensive review of Andean glaciers, the scientists synthesised data collected over several decades, some dating as far back as the 1940s. "The methods we used to monitor glacier changes in this region include field observations of glacier mass balance, and remote-sensing measurements based on aerial photographs and satellite images for glacier surface and volume changes," explains Rabatel.
The study takes into account data collected for glaciers in Colombia, Ecuador, Peru and Bolivia, covering a total of almost a thousand square kilometres. This corresponds to about 50% of the total area covered by glaciers in the tropical Andes in the early 2000s.
The research was conducted to provide the scientific community with a comprehensive overview of the status of glaciers in the tropical Andes and determine the rate of retreat and identify potential causes for the melting. But the authors hope the results can have a wider impact.
"This study has been conducted with scientific motivations, but if the insight it provides can motivate political decisions to mitigate anthropogenic impact on climate and glacier retreat, it will be an important step forward," Rabatel concludes.
###
Note
Glacier mass balance is the difference between ice accumulation and ablation (melting and sublimation) in a glacier. Scientists express the annual mass balance in metre water equivalent (m w.e.). A loss of 1.2 m w.e. corresponds to a reduction of about 1.35 metres in ice thickness.
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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.
Unprecedented glacier melting in the Andes blamed on climate changePublic release date: 22-Jan-2013 [ | E-mail | Share ]
Contact: Barbara Ferreira media@egu.eu 49-892-180-6703 European Geosciences Union
Glaciers in the tropical Andes have been retreating at increasing rate since the 1970s, scientists write in the most comprehensive review to date of Andean glacier observations. The researchers blame the melting on rising temperatures as the region has warmed about 0.7C over the past 50 years (1950-1994). This unprecedented retreat could affect water supply to Andean populations in the near future. These conclusions are published today in The Cryosphere, an Open Access journal of the European Geosciences Union (EGU).
The international team of scientists uniting researchers from Europe, South America and the US shows in the new paper that, since the 1970s, glaciers in tropical Andes have been melting at a rate unprecedented in the past 300 years. Globally, glaciers have been retreating at a moderate pace as the planet warmed after the peak of the Little Ice Age, a cold period lasting from the 16th to the mid-19th century. Over the past few decades, however, the rate of melting has increased steeply in the tropical Andes. Glaciers in the mountain range have shrunk by an average of 30-50% since the 1970s, according to Antoine Rabatel, researcher at the Laboratory for Glaciology and Environmental Geophysics in Grenoble, France, and lead author of the study.
Glaciers are retreating everywhere in the tropical Andes, but the melting is more pronounced for small glaciers at low altitudes, the authors report. Glaciers at altitudes below 5,400 metres have lost about 1.35 metres in ice thickness (an average of 1.2 metres of water equivalent [see note]) per year since the late 1970s, twice the rate of the larger, high-altitude glaciers.
"Because the maximum thickness of these small, low-altitude glaciers rarely exceeds 40 metres, with such an annual loss they will probably completely disappear within the coming decades," says Rabatel.
The researchers further report that the amount of rainfall in the region did not change much over the past few decades and, therefore, cannot account for changes in glacier retreat. Instead, climate change is to blame for the melting: regional temperatures increased an average of 0.15C per decade over the 1950-1994 period.
"Our study is important in the run-up to the next IPCC report, coming out in 2013," says Rabatel. The Intergovernmental Panel on Climate Change (IPCC) has pointed out that tropical glaciers are key indicators of recent climate change as they are particularly sensitive to temperature changes. The tropical Andes host 99% of all tropical glaciers in the world, most of them in Peru.
The research is also important to anticipate the future behaviour of Andean glaciers and the impact of their accelerated melting on the region. "The ongoing recession of Andean glaciers will become increasingly problematic for regions depending on water resources supplied by glacierised mountain catchments, particularly in Peru," the scientists write. Without changes in precipitation, the region could face water shortages in the future.
The Santa River valley in Peru will be most affected, as its hundreds of thousands of inhabitants heavily rely on glacier water for agriculture, domestic consumption, and hydropower. Large cities, such as La Paz in Bolivia, could also face shortages. "Glaciers provide about 15% of the La Paz water supply throughout the year, increasing to about 27% during the dry season," says Alvaro Soruco, a Bolivian researcher who took part in the study.
In their comprehensive review of Andean glaciers, the scientists synthesised data collected over several decades, some dating as far back as the 1940s. "The methods we used to monitor glacier changes in this region include field observations of glacier mass balance, and remote-sensing measurements based on aerial photographs and satellite images for glacier surface and volume changes," explains Rabatel.
The study takes into account data collected for glaciers in Colombia, Ecuador, Peru and Bolivia, covering a total of almost a thousand square kilometres. This corresponds to about 50% of the total area covered by glaciers in the tropical Andes in the early 2000s.
The research was conducted to provide the scientific community with a comprehensive overview of the status of glaciers in the tropical Andes and determine the rate of retreat and identify potential causes for the melting. But the authors hope the results can have a wider impact.
"This study has been conducted with scientific motivations, but if the insight it provides can motivate political decisions to mitigate anthropogenic impact on climate and glacier retreat, it will be an important step forward," Rabatel concludes.
###
Note
Glacier mass balance is the difference between ice accumulation and ablation (melting and sublimation) in a glacier. Scientists express the annual mass balance in metre water equivalent (m w.e.). A loss of 1.2 m w.e. corresponds to a reduction of about 1.35 metres in ice thickness.
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Connectify Dispatch Merges Your Available Internet Connections into One Fat, Super-Fast Pipe
Windows: Most people only have one internet connection at home, but what if you could merge your connection with the free Wi-Fi from the coffee shop down the street with your phone's 4G connection to create a super-pipe with tons of additional bandwidth? More ?
XYplorer, the Awesome Alternative File Browser, Available for Free Today Only
Windows: Windows Explorer is far from the most advanced file browser out there, and Windows has a ton of other options. One of the best, XYplorer, is available for free today only, down from its usual price of $30. More ?
Sanity for Android Gives You Total Control Over Incoming Calls and Texts
Android: Sanity is a free utility for Android that can suppress unwanted phone calls and SMS messages, announce the names of callers when you get a call or message, allow urgent calls through even if your phone is set to silent, and more. More ?
Hive Settings for Android Puts All Of Your Phone's Most Useful Settings Together on One Screen
Android: Most Android phones already have a widget or toolbar in the notifications drop-down that lets you toggle common settings like Wi-Fi, Bluetooth, location services, and airplane mode. More ?
AirDroid 2 Beta Finds Your Lost Phone, Works Over Mobile Data, and Is Free and Open to All
Android: AirDroid already controls your phone from any web browser, but the latest version of the app offers more useful features, like a new "find my phone" service that pinpoints your device via GPS and complete remote control of your device's camera. More ?
Simple ADB Backup Backs Up Your Android Phone from the Desktop, No Root Required
Windows/Linux/Android (4.0+): Most Android backup tools require root, or run from your phone and save your data to your SD card. Simple ADB Backup is different. More ?
Home Inventory Builds a List of Your Possessions In Case of Emergency, Backs It Up Online
OS X/iOS: One thing you should do to prepare for a disaster is take a home inventory. All of your belongings you would want replaced, their values, their warranties, receipts, and home or rental insurance information should all be included. More ?
The Best of Quora Ebook Offers Over 100 Expert Answers to Popular Questions
Q&A site Quora is rewarding its top writers with a welcome package that includes a t-shirt and a Best of Quora 2010-2012 book. You don't have to be a Quora top writer, though, to read that book yourself, since this 400-page tome is now available as a free PDF download for everyone. More ?
Last Message Texts Your Important Contacts When Your Phone's About to Die
Android: Last Message is a simple app that texts, emails, Facebooks, or even tweets to the friends you specify when your phone's about to die-so they know that you'll be out of contact. More ?
Done Not Done Keeps Track of the Media You Want to Enjoy
iOS/Web: With so much great media released all the time, it's hard to keep track of what you want to watch, read, or listen to. Done Not Done is an iPhone app and webapp that turns your entertainment habits into a to-do list. More ?
WASHINGTON (Reuters) - A White House adviser on Sunday said he was optimistic Congress will approve at least part of President Barack Obama's proposals to reduce gun violence in the wake of December's massacre at a Connecticut elementary school.
Just hours before Obama was to be sworn in for his second term in office, White House adviser David Plouffe said on Sunday talk shows he felt there was support in Congress for some measures, including universal background checks for gun buyers and limits on high-capacity clips.
"I'm confident some of the measures you mentioned - clips, universal background checks - I think there are 60 votes in the Senate and 218 in the House, that the president would sign," Plouffe said on ABC's "This Week," citing the vote threshold to pass legislation in the two chambers.
"We don't expect it all to pass, or in its current form, but we think there's elements of this that are absolutely critical," Plouffe said.
Obama last week proposed the biggest U.S. gun-control push in decades, including a ban on military-type assault weapons and mandatory background checks for all gun buyers to prevent mass shootings like December's Newtown, Connecticut, school massacre in which a gunman killed 20 children and six adults.
Gun advocates led by the powerful National Rifle Association have mobilized to fight Obama's plan. With gun ownership rights enshrined in the Second Amendment of the U.S. Constitution, gun restrictions have long been a divisive issue.
Republicans on Sunday said Obama's key proposals had little chance in Congress, and said Obama's policies would not have prevented the Newtown shooting.
Reinstating the ban on assault weapons that expired in 2004 is widely seen as having little chance in Congress.
"Let's do things that will make a difference here, rather than take one more opportunity to go at an old agenda," Missouri Senator Roy Blunt said on "Fox News Sunday".
"We had bans on things for a decade. That didn't seem to make any difference at all, but, during that same decade, our willingness to share information about mental problems, our willingness to share information between security officials and police officials, all declined," Blunt said.
Wyoming Republican Senator John Barrasso said Obama "ignored the major issues of mental health and violence in society in the media and video games, and he has focused so much on what may be happening at gun shows or on gun shelves at gun stores that I think he is failing to try to really find a solution to the problem of the tragedy of Newtown."
Barrasso, speaking on CNN's "State of the Union," also noted Senate Majority Leader Harry Reid, a Nevada Democrat, had voiced doubt about prospects for reinstating a ban on assault weapons.
"I don't think Senator Harry Reid even brings it to the Senate floor because he has six Democrats up for election in two years in states where the president received fewer than 42 percent of the votes," Barrasso said.
"And he doesn't want his Democrats to have to choose between their own constituents and the president's positions," he said, highlighting the political perils of gun control legislation for Democrats from pro-gun western and rural states.
(Reporting by Vicki Allen; Additional reporting by Thomas Ferraro and Leslie Wroughton; Editing by Sandra Maler)
Swartz was found dead in his New York City apartment Friday after hanging himself two years to the day after his arrest for allegedly downloading 5 million academic articles from the JSTOR primary source database and planning to distribute them for free online.
Swartz, who co-authored the popular RSS format and had been a co-owner of the social news site Reddit, was facing 30 years in prison and a one million dollar fine. He was 26.
Two days after Swartz was found dead the Westboro Baptist Church issued a press release detailing their plan to protest his funeral in Highland Park, Illinois, presumably while holding offensive signs and shouting homophobic epithets while Swartz?s family mourned nearby. The Church is best known for demonstrating outside military funerals with rainbow color signs that read ?God Hates Fags.?
?Cyber criminals are the latest face of this nation?s and this world?s raging at God and His Servants at WBC, the press release read. ?Now the gloves are off, cyber rebels! We will picket the funeral, the LORD willing, so in that Great Day of His Wrath, your blood is not on our hands.?
The Church?s official Twitter feed also told of a ?public memorial praising God for killing? Swartz in New York City?s Times Square.
All the braggadocio seemed to quiet down, though, when Anonymous announced their own picket opposing the offensive themes of the WBC. Last month, when the Church declared it would protest the funeral of children killed in the Sandy Hook elementary shooting, Anonymous hacked the? group?s website and Twitter feeds of some of its? most outspoken members.
Anonymous revealed personal details of church followers and pushed a petition pleading with the White House to declare the WBC a hate group. The religious group never showed up in Newtown, where they were protesting because gay marriage is legal in Connecticut, citing ?financial difficulties.?
A tweet from Anonymous? Twitter page said, ?Police confirm WBC?s lawyer contacted them and said they would not be protesting.?
The hackers announced they would demonstrate against the Church?s picket line in a video released Monday.
"Before discussing the operation, there is something that needs to be said to Aaron's family and his friends: We're sorry," says Anonymous in the video. "It is likely that our continuous condemnation and attacks against this cult is the very reason Aaron is being targeted by them. We would do anything to stop them from attending Aaron's services. Aaron deserves peace and we will not allow this cult to overpower what should be the media's focus, the monsters at DOJ who ruthlessly targeted your son."
Erwan Fichou's photos of dedicated dog owners features the happy pet owners wearing clothing made out of their own dogs' fur.
The fur was brushed and collected over time and then knitted into sweaters. I guess the fur would have otherwise gone to waste... but would YOU be willing to wear a sweater made out of your pet's loose fur?
Report: Notre Dame star's inspirational girlfriend story was a hoax
www.myfoxboston.com
A new report suggests the most memorable and inspiring story of the college football season was a hoax. Notre Dame linebacker Manti Te'o became a household name during the fall of 2012 not only for fi
An All Nippon Airways (ANA) Boeing 787 Dreamliner had to make an emergency landing this morning because of a battery malfunction.
In a press conference, ANA Vice President Osamu Shinobe said the pilot detected a strange smell in the cockpit and cabin, and that a cockpit message indicated a problem with a battery.
129 passengers were safely evacuated via emergency slides; no one was injured.
The latest in a string of problems for Boeing's important new passenger jet, the malfunction led ANA and Japan Airlines to voluntarily ground their entire 787 fleets.
Here's a compilation of footage from the evacuation, at Takamatsu airport in Japan, from RussiaToday's YouTube channel. Based on the video, everyone was pretty calm:
A study published in August of 2012 provided further proof that the controversial theory that claimed multiple sclerosis is caused by abnormalities in the veins of the neck is not credible. The findings have stirred up some criticism for the Canadian federal government, which had put both money and support into the neck vein theory, despite little evidence to link the veins with the debilitating autoimmune disease.
?The debate in the scientific community was brief, swift, and is over,? said David Hafler, chairman of the neurology department at the Yale School of Medicine. ?The government has squandered precious resources not using peer-review, but instead using emotion and theologic belief and, I think, shame on the Canadian government for bowing into those pressures.?
The Canadian government had earmarked some $5.5 million for the study.
Originally, the idea that multiple sclerosis could be caused by abnormally narrow neck veins?called chronic cerebrospinal venous insufficiency (CCSVI)? came about after Italian vascular surgeon Paolo Zamboni published findings showing that a group of MS patients all had the neck-vein problem, versus a healthy control group, which did not. He suggested that MS could be treated, and possibly cured, with a fairly simple vein-widening procedure.
The popularity of Dr. Zamboni?s theory gained international attention, thanks to a strong social media campaign led by MS patients and supporters. Protests in Canada were organized to allow MS patients access to the endovascular procedure, and thousands of patients traveled overseas and paid out of pocket for the procedure, as well. Just last year, the Canadian government agreed to fund trials to determine the safety and effectiveness of the procedure.
The latest study was published in the journal Radiology and was based on research conducted in Italy. The researchers used MRI scans to investigate the neck veins of MS patients and healthy volunteers. They found 25 out of 39 MS patients and 14 out of 26 healthy volunteers had abnormal neck veins, meaning that the vein abnormalities had no impact on neurological function or disease progression.
Researchers in Newfoundland reported in June that patients who had received the vein widening procedure showed no improvement that was measurable. These findings came after the province spent roughly half a million dollars conducting research and trials.
Sadly, at least two Canadian patients have died after receiving the vein widening treatment at private clinics. The U.S. Food and Drug Administration issued warnings about the procedure after reports of several other deaths and injuries related to the procedure.
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Public release date: 22-Jan-2013
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