Monday, September 2, 2013

Air Pollution Sending 200,000 Americans To An Early Grave Each Year: MIT Study $GE $CAT $UTX

Air Pollution Sending 200,000 Americans To An Early Grave Each Year: MIT Study

Air pollution is sending 200,000 Americans to an early grave every year, according to new research from the Massachusetts Institute of Technology.
“In the past five to 10 years, the evidence linking air-pollution exposure to risk of early death has really solidified and gained scientific and political traction,” co-author Steven Barrett, an assistant professor of aeronautics and astronautics at MIT, said in a statement. “There’s a realization that air pollution is a major problem in any city, and there’s a desire to do something about it.”
Barrett and his colleagues looked at ground-level emissions from a variety of sources, including car and truck tailpipes, factory smokestacks, and commercial and residential heating systems. They gathered data on air emissions in 2005 from the U.S. Environmental Protection Agency’s National Emissions Inventory, and plugged it into an air-quality simulation. Then, they laid this simulated air quality for each kind of air pollution over population density maps of the U.S.

Apple Will Pay for Old IPhones. Is It a Good Deal? $AAPL $MSFT $GOOG $RFMD $CRUS

Apple Will Pay for Old IPhones. Is It a Good Deal? $AAPL $MSFT $GOOG $RFMD $CRUS

Apple has several reasons to do this. It will give the company a source of gently used devices that it can sell in overseas markets, which are becoming more important as Western markets become saturated with smartphones. The industry is increasingly interested in their customers’ old phones for this very reason. When T-Mobile(TMUS) announced a plan to allow its customers to trade in their devices more often, an executive at the company said creating a market for used phones was one of the reasons for doing so.Apple already offers a recycling program through its website. But giving customers a way to trade in their phones for immediate credit toward a newer model will give them an incentive to get into Apple’s retail stores, be tempted by high-margin accessories, and basically tighten their relationship with Apple itself. Apple’s gain could end up being a loss for the wireless carriers that sell iPhones through their own retail locations. A trade-in program could also keep iPhone customers from defecting to other manufacturers, particularly Samsung (005930:KS). Of course, this hasn’t been a huge problem for Apple: A survey done for Fortune this month found 20 percent of new iPhone customers had switched from Android, while only7 percent of people buying Samsung phones were Apple defectors.

Verizon Agrees to $130 Billion Vodafone Deal $VZ $VOD

Verizon Agrees to $130 Billion Vodafone Deal $VZ $VOD
Verizon Communications Inc. agreed to acquire Vodafone Group Plc’s 45 percent stake in Verizon Wireless in a $130 billion transaction that gives it full control of the most profitable U.S. mobile-phone carrier.
The deal has been approved by both companies’ boards and is expected to be completed in the first quarter of 2014, according to a statement today. Verizon will pay Vodafone $58.9 billion in cash, financed with credit from JPMorgan Chase & Co., Bank of America Corp., Barclays Plc and Morgan Stanley. The company also will issue $60.2 billion in stock to Vodafone shareholders.
The acquisition ends a 14-year partnership and will let Verizon collect all the future profits from the wireless unit while allowing Vodafone to exit a business whose dividends and operations it didn’t control. If completed at $130 billion, almost Verizon’s entire market value, the deal would be the biggest since Vodafone’s acquisition of Mannesmann AG in 2000.
“It’s the best-run wireless operator in the U.S., and by some measures maybe the best-run wireless operator in the world,” Craig Moffett, an analyst at Moffett Research LLC, said on Bloomberg Television before the agreement was announced.

9/11 anniversary: mothers' friendship ends bitterly $UAL $JBLU

9/11 anniversary: mothers' friendship ends bitterly

On 9/11 Phyllis Rodriguez, a 58-year-old teacher in New York, lost her son Greg, a 31-year-old Cantor Fitzgerald worker on the 103rd floor of the north tower. Mrs el-Wafi, 54, was a Moroccan-French civil servant living in the south of France. Two days later her son, Zacarias Moussaoui, was arrested and charged with being an al-Qaeda operative.
The pair met in the US in November 2002 and became close. "When people heard that my son was a victim, I got immediate sympathy," said Mrs Rodriguez. "But when people learned what her son was accused of, she didn't get that sympathy, but her suffering is equal to mine".
"We cried, we spent more than two hours talking and it was if we had known each other for a long time," said Mrs el-Wafi. "After we left, she sent emails, I replied. I considered her a very, very close friend. She came to see me in France four times."
Mrs Rodriguez's husband, Orlando, a sociology professor, even testified for the defence at a hearing in 2006 to decide if Moussaoui should receive a death sentence after being convicted of plotting to kill Americans on September 11.

New York to Seattle Buyers Tap Brakes After Rates Rise $HD $KBH $ITB


New York to Seattle Buyers Tap Brakes After Rates Rise $BZH

Amy and Ted Wilder lost out in the bidding for several Seattle-area homes during the past six months, even with offers well above the asking price. After May’s sudden spike in mortgage rates, the Microsoft Corp. consultants put their search on hold.

Home-loan applications for purchases have declined 14 percent since the start of May when interest rates surged by the most in two decades, according to the Mortgage Bankers Association, and price appreciation has slowed, albeit from the fastest pace in seven years.
The average rate on a 30-year, fixed-rate purchase loan has risen to 4.51 percent from a record-low 3.31 percent in November, according to McLean, Virginia-based Freddie Mac, as the Federal Reserve said it’s planning to wean the economy from its record stimulus.
Higher rates mean that on a $400,000 conventional mortgage, monthly payments would be about $275 more. Rates on jumbo mortgages, those too big for government programs, have climbed to 4.69 percent from 3.88 percent at the beginning of May.

“If you can find a path with no obstacles, it probably doesn't lead anywhere.” - Unknown -

“If you can find a path with no obstacles, it probably doesn't lead anywhere.”
 


- Unknown - 

Sunday, September 1, 2013

Military ‘Practice’ Bomb Lands In Bar Parking Lot $LMT

Military ‘Practice’ Bomb Lands In Bar Parking Lot $LMT

 A freak accident in the skies over Maryland’s Eastern Shore. A military plane drops a “practice” bomb into a Queen Anne’s County parking lot, narrowly missing cars and people.
The National Guard now admits—it could have been a disaster.
Monique Griego has the eyewitness accounts.
The practice bomb was part of a training exercise. But when it fell from the sky, patrons had no idea what it was or where it came from.
A run of the mill Thursday night at Darlene’s Tavern in Sudlersville—interrupted by a sudden impact.