Wednesday, July 14, 2010

Origin of Key Cosmic Explosions Still a Mystery


When a star explodes as a supernova, it shines so brightly that it can be seen from millions of light-years away. One particular supernova variety -- Type Ia -- brightens and dims so predictably that astronomers use them to measure the universe's expansion. The resulting discovery of dark energy and the accelerating universe rewrote our understanding of the cosmos. Yet the origin of these supernovae, which have proved so useful, remains unknown.
"The question of what causes a Type Ia supernova is one of the great unsolved mysteries in astronomy," says Rosanne Di Stefano of the Harvard-Smithsonian Center for Astrophysics (CfA).

Astronomers have very strong evidence that Type Ia supernovae come from exploding stellar remnants called white dwarfs. To detonate, the white dwarf must gain mass until it reaches a tipping point and can no longer support itself.

There are two leading scenarios for the intermediate step from stable white dwarf to supernova, both of which require a companion star. In the first possibility, a white dwarf swallows gas blowing from a neighboring giant star. In the second possibility, two white dwarfs collide and merge. To establish which option is correct (or at least more common), astronomers look for evidence of these binary systems.

Given the average rate of supernovae, scientists can estimate how many pre-supernova white dwarfs should exist in a galaxy. But the search for these progenitors has turned up mostly empty-handed.

To hunt for accreting white dwarfs, astronomers looked for X-rays of a particular energy, produced when gas hitting the star's surface undergoes nuclear fusion. A typical galaxy should contain hundreds of such "super-soft" X-ray sources. Instead we see only a handful. As a result, a recent paper suggested that the alternative, merger scenario was the source of Type Ia supernovae, at least in many galaxies.

That conclusion relies on the assumption that accreting white dwarfs will appear as super-soft X-ray sources when the incoming matter experiences nuclear fusion. Di Stefano and her colleagues have argued that the data do not support this hypothesis.

In a new paper, Di Stefano takes the work a step further. She points out that a merger-induced supernova would also be preceded by an epoch during which a white dwarf accretes matter that should undergo nuclear fusion. White dwarfs are produced when stars age, and different stars age at different rates. Any close double white-dwarf system will pass through a phase in which the first-formed white dwarf gains and burns matter from its slower-aging companion. If these white dwarfs produce X-rays, then we should find roughly a hundred times as many super-soft X-ray sources as we do.

Since both scenarios -- an accretion-driven explosion and a merger-driven explosion -- involve accretion and fusion at some point, the lack of super-soft X-ray sources would seem to rule out both types of progenitor. The alternative proposed by Di Stefano is that the white dwarfs are not luminous at X-ray wavelengths for long stretches of time. Perhaps material surrounding a white dwarf can absorb X-rays, or accreting white dwarfs might emit most of their energy at other wavelengths.

If this is the correct explanation, says Di Stefano, "we must devise new methods to search for the elusive progenitors of Type Ia supernovae."

Di Stefano's paper has been accepted for publication in The Astrophysical Journal and is available online.

Oracle octopus gets own World Cup for winning streak


Paul the oracle octopus was given a replica of the World Cup on Monday as a reward for his perfect eight-for-eight record in picking matches as bettors worldwide collected their winnings based on his selections. The two-year-old octopus with possible psychic powers turned into a worldwide celebrity for accurately predicting the winner of Germany's five World Cup wins as well as their two defeats. Paul also tipped Spain to beat Netherlands in Sunday's final. "We've had a lot of offers for Paul but he will definitely be staying with us and returning to his old job - making children smile," Sea Life spokeswoman Tanja Munzig in Oberhausen told Reuters after presenting Paul with the World Cup replica. "There's no rational reason why he always got it right." Bettors around the world made small fortunes based on Paul's uncanny picks, said Graham Sharpe, media relations director at William Hill in London, one of Britain's largest bookmakers. "I've seen a lot of things in my lifetime but this is the first time I've ever seen people making their picks based on what an octopus tells them," Sharpe said.

"We had people coming in saying they didn't know how to place a bet but heard about this German octopus and wanted to bet with him. It's ludicrous. But he kept getting it right," said Sharpe. "It's one of the finest tipping feats ever." Sharpe said that anyone who had placed a 10-pound accumulator bet on Paul's picks from the start of the World Cup would have won 3,000 pounds ($4,500) by the end of the tournament. Paul's home at Sea Life aquarium in Oberhausen has been inundated with visitors and media from across Europe. Many networks broadcast his picks live. Hundreds were on hand to watch the World Cup replica lowered into his tank on Monday. WINNING BETS "Paul now wants to say good-bye to the whole world," Daniel Fey, a supervisor at Sea Life, said.

"He really enjoyed all the media attention but now he's returning to his old job." Yet interest in the 50-cm long octopus remained intense, especially after his last two picks on Friday were once again accurate. Germany won Saturday's match for third place and Spain won Sunday's final - as Paul had called it on Friday. Last week Germans were shocked and distraught when he picked Spain to beat Germany in the semi-final after tipping German wins over Argentina, England, Ghana and Australia. And after Spain beat Germany, many wanted to publicly grill him. Sea Life installed extra security to protect their octopus. "We have to remember he's quite old now - 2-1/2 years is quite old for an octopus," Fey said. Probability experts were quoted in media reports saying the likelihood of getting eight consecutive picks right is 1/256. Sharpe said the odds of getting eight straight right was over 1/300.

Humbled professors were quoted saying Paul got lucky. The octopus, considered by some to be the most intelligent of all invertebrates, had a choice of picking food from two different transparent containers lowered into his tank - each with a national flag on it. The container Paul opened first was regarded as his pick. Sharpe at William Hill said he had at first been sceptical about the oracle octopus. But he became a believer. "I suspect that Paul's predictions could have made about a half a million pounds," Sharpe said, adding he estimated William Hill paid out 100,000 pounds on his picks at its 2,300 outlets. "We had people coming in asking who Paul had picked before they placed their bets," Sharpe said. "I'm sure there were a lot more people too who were too embarrassed to tell you they made their bet based on what the octopus said." He said it was the first time in 30 years of work that he had seen "such widely orchestrated use of a non-human tipster". Sharpe said he, unfortunately, did not follow Paul's advice. "It'd have been too embarrassing," he said. But Sharpe said he was going on holiday soon. "I'm going to the seaside and intend to eat as much octopus as I can cram down as revenge," he said.

Inflation to dampen by Dec - official


India's wholesale price inflation could come down to 5 percent to 6 percent by December, but price pressures in the economy may prompt the Reserve Bank of India (RBI) to resort to tightening through unpredictable moves, a top government official said on Tuesday.

"By November, if market arrivals are significantly larger than last year, you should see a dampening of the rate of inflation," Chief Statistician T.C.A. Anant told Reuters in an interview.

He also said latest headline inflation numbers suggest that "slight dampening" was taking place.

June inflation data is due on Wednesday.

According to a Reuters' poll, headline inflation in June probably rose 10.8 percent from a year earlier, faster than a 10.16 percent rise in May.

Anant also said that monetary policy works best through an element of unpredictability and he would not be surprised if there is no rate hike in the scheduled July 27 monetary policy review.

Intel sets bright tone for earnings, tech rises


Resilient demand for PCs and servers helped Intel Corp's margin and revenue forecasts blast past Wall Street expectations, allaying fears of a technology spending slowdown and sending its shares surging nearly 8 percent. Intel set an upbeat tone for the industry's earnings season, boosting sector stocks from Microsoft to Cisco and Standard & Poor's 500 stock index futures, suggesting a strong open for Wall Street on Wednesday. The world's top chip maker expects a record gross margin of 67 percent for the third quarter, give or take a couple percentage points. It foresees revenue of $11.2 billion to $12 billion, surpassing analysts' target of $10.9 billion. [Intel earnings graphic: link.reuters.com/gyz37m] "Demand was stronger than many people anticipated. The Street was concerned corporate spending would be restrained with what's happened in Europe, and that wasn't the case," said John Massey, portfolio manager at SunAmerica Asset Management. "The real thing that got the Street going was the gross margin guidance, which they raised. It shows a lot of confidence that the company has for the back half of the year. If the company was at all concerned about demand, you wouldn't have expected them to raise that number."

Some investors worry that Europe's woes, coupled with the likelihood of decelerating growth in Asian markets such as China, will crimp IT spending just as companies begin to spend again after a two-year drought. But Chief Financial Officer Stacy Smith held out hope for sustained gains in spending to upgrade and replace aging hardware. Chief Executive Officer Paul Otellini added on a conference call with analysts that inventory remained "lean". Gleacher & Co analyst Doug Freedman said that new products in Intel's data center group, which makes chips for servers used by corporations, provided a big lift to Intel's top line. "I'd expect that the enterprise market continues to be strong into the third quarter," Smith told Reuters. Shares in Intel rose 8 percent to $22.62 in extended trading. Fellow bellwethers Microsoft and Cisco rose more than 2 percent after-hours. Intel's arch-foe, Advanced Micro Devices Inc, climbed 5 percent. And Texas Instruments climbed 2.3 percent.

"This is really the first quarter we've seen the corporate buyer come in and participate," said money manager Patrick Becker Jr, principal with Becker Capital Management Inc. "It lends some credence to the theory that maybe companies aren't hiring, but they are spending money on product enhancement through systems and software," said Becker, whose company manages $2.2 billion in assets and holds 1.5 million shares of Intel.

PILING BACK IN

Some analysts said the tech rebound was driven in part by over-selling, as investors reacted to second-half uncertainty. Shares of Intel, whose chips are used in the majority of the world's personal computers, have slid alongside those of other chipmakers in recent months, as investors fret about a potential build-up in inventories industrywide as well as concerns about the effect of the European debt crisis. Ahead of the earnings release, analysts had estimated Intel was trading at around 10-11 times 2010 earnings, below the historical average of the past few years. "It's reminding the market that basically stocks are too cheap. The market was trading Intel at a pretty compressed multiple," said Nick Kalivas, vice president of financial research at MF Global. "The fact that they are raising capital spending is confirming this idea that capacity is tight and there's some pretty good momentum," he added. "It's going to be a data point that causes people to flip from probably extreme pessimism to extreme optimism." Intel posted net income of $2.9 billion, or 51 cents a share, versus a net loss of $398 million, or 7 cents a share, in the second quarter of 2009, when Intel's results included a $1.4 billion fine by the European Commission.
Analysts had expected earnings of 43 cents per share in the second quarter. Revenue in the three months ended June 26 totaled $10.8 billion, up from $8 billion in the year-earlier period and above the $10.25 billion expected by analysts polled by Thomson Reuters I/B/E/S. And its gross profit margin in the second quarter was 67 percent, exceeding the 64 percent expected by analysts. "In a quarter where people expected relatively strong performance, they beat that pretty handily and set a good forecast," said Charter Equity Research analyst Edward Snyder. "They seem unaffected by the negativity that's impacting equities,

SBI to revive village adoption scheme

India's largest bank, the State Bank of India (SBI) is planning to revive its village adoption scheme under corporate social responsibility programme.

The decades-old scheme, now rechristened as "SBI Ka Apna Gaon", will seek active support of village panchayats in Uttarakhand and other States for its revival.


Its main purpose is to achieve 100 percent financial inclusion for all below poverty line (BPL) families. It would also seek to promote self-help groups (SHGs), farm clubs with the participation of NGOs and other development agencies.

The scheme would focus on credit requirements of all eligible rural households and link community services with SBI banking services.

The SBI has already started identifying villages in this regard and has organised a detailed survey wherein the bankÂ’s staff members would act as bridge between the villages and the bank.

In Uttarakhand, the SBI would work in tandem with the State government, which has also launched a similar Atal Adarsh Gram Yojna in all 670 nayay panchayats. One village in each nayay panchayat will be identified under the SBI scheme, with the thrust on development of rural social and infrastructure facilities to remove regional imbalances.

"In our various meetings with the government, we have been given the task to provide banking facilities in all these villages by the state government," said an SBI official.

Meanwhile, Chief Minister Ramesh Pokhriyal Nishank has instructed top officials to work in close partnership with banks for strengthening facilities in villages.

Sunita Williams headed for the stars again


Indian American astronaut Sunita Williams, who holds the record of the longest spaceflight (195 days) for female space travellers, will head for the stars once again in June 2012.

Williams, 44, would take over as station commander at the International Space Station that was her home in the sky from Dec 9, 2006 to June 22, 2007.


She will be joined on the Soyuz 31 flight to the space station by flight engineers Russian cosmonaut Yuri Malenchenko and Japanese astronaut Akihiko Hoshide, the space agencies of the three nations announced Friday.

Daughter of Gujarat born neuroanatomist Deepak Pandya and Slovak mother Bonnie Pandya, Williams was born in Euclid, Ohio, but considers Needham, Massachusetts where her parents live as her hometown.

After launching aboard Discovery, Williams arranged to donate her pony tail to Locks of Love. Fellow astronaut Joan Higginbotham cut her hair aboard the International Space Station and the Discovery crew brought the ponytail back to earth.

Among the personal items Williams took with her on her last trip were a copy of the Bhagavad Gita, a small figurine of Ganesha and some samosas. The question is what would she carry this time around.

Tuesday, July 13, 2010

Now, 10.3% tax on cashless mediclaim

After the sudden move by government-owned insurance companies to restrict cashless mediclaim facility, patients now have to contend with another insurance squeeze -- a service tax of 10.3% on every claim made using the cashless facility. While the introduction of the preferred provider network (PPN) by the public sector insurance companies had the instant impact of bringing cashless transactions to a virtual standstill in the metros, the service tax move had gone practically unnoticed though both moves were introduced on July 1. "It shrinks the total cover available to a patient," said consumer activist and lawyer Jehangir Gai. Dr Ajay Thaker, CEO of Jupiter Hospital in Thane, said the tax was discriminatory. "Only patients who claim cashless facility will have to pay the service tax while the patients who go in for reimbursement won't have to pay extra," he said.

The service charge component won't be visible to consumers. It is a sum that will be paid by TPAs (Third Party Administrators are firms that liase with hospitals on behalf of an insurance company that appoints them) to hospitals after every cashless transaction. "We have been told by TPAs that they will pay the service tax component along with the patient's claim. We hospitals, on our part, will forward this sum to the union government," said Jaslok Hospital CEO Colonel M Masand, who heads the Association of Hospitals.
But consumers may not find it so simple. According to Gai, "Consider that a patient with a cover of Rs 1 lakh has been allowed a claim of the full sum. Now, the TPA has to pay 10.3% of the claim as a service tax. As it cannot pay the hospital about 110% of the original policy sum that the patient purchased, it would have no option but to pay 90% of the original claim plus 10% as service tax." Thus, in effect, the consumer's policy could shrink by 10.3% to accommodate the service tax charges, said Gai, adding that it could even lead to long-term increase in premiums. Said Dr Nayan Shah of Paramount Health Services (TPA) Pvt Ltd, "TPAs had asked the insurance companies to clarify whether this new service tax would be claimed from the claim sum or from the existing service tax that is paid on the policy bought by a customer. They categorically told us that the service tax has to come from the claim sum." Dr Shah, however, clarified that "if a patient seeks reimbursement from insurance companies, this tax will not be applicable".

A high-ranking official of United India Insurance Co. Ltd. maintained that the service tax should not be looked at as a burden as TPAs would be reimbursed for it. "Moreover, it is paid by every sector. No one complains about paying service tax on motor vehicles," said the Chennai-based official.

Australian PM may call election within days: media


Australia's ruling Labor party is set for a narrow victory in upcoming elections, two new opinion polls showed on Monday, as speculation grew that Prime Minister Julia Gillard could call an election as soon as this week. While the robust economy, in its 17th year of growth, should be a winning ticket for Gillard, voters believe the opposition is the better economic manager, according to the polls.

Gillard has also been seeking to reframe government policy in key areas such as climate and asylum seekers. Opinion polls published in Fairfax and News Ltd newspapers put Labor ahead of the conservative opposition at 52 percent versus 48 percent. "They're in front and they've got a primary vote that can deliver victory," John Stirton, research director with pollster Nielsen, told local radio.

Gillard, 48, is Australia's first woman prime minister. She replaced Kevin Rudd on June 24, in a move that has resurrected Labor's electoral standing and reshaped Australian politics. Speculation Gillard may be set to call an election grew after Governor-General Quentin Bryce delayed leaving for a trip to Europe by a day until Saturday, sparking talk that Gillard could ask the representative of Australia's head of state, Queen Elizabeth, to dissolve parliament as early as this week. Gillard declined to comment on the timing when questioned by reporters on a trip to Adelaide, but said in a speech "in the days to come I will be putting forward more detailed arguments about some of the biggest challenges facing our nation.

"I will be explaining the steps I think we need to take and asking for people's consideration of those steps. I will ask for the Australian people's trust to move Australia forward," she said. Political commentators said Gillard's words meant she may seek to call an election on Thursday or Friday this week. But commentators warned that Labor still risked losing an election expected in late August.

"The coming of Julia Gillard to the Labor Party leadership appears to have stopped the decay in her party's fortunes," said The Age newspaper's national editor Tony Wright. "She has stopped the Rudd rot, though she hasn't been able to make any serious inroads into Labor's loss of the disaffected to the Greens." Labor took power in 2007 promising to tackle climate change, but under Rudd failed to implement a carbon trading scheme, a disappointment that saw Green voters desert Rudd.

Labor needs to woo them back to ensure victory over the Liberal-National opposition. Gillard has acted quickly on key policies, ending a three-month row with mining companies over a new tax that was hurting the government in the polls, and proposing a regional asylum processing center, possibly in East Timor, to curb boatpeople arrivals. The tax deal has been generally accepted by voters, but her asylum policy has received criticism for being in its infancy. The cabinet will meet on Tuesday and was expected to discuss a new climate policy, but it is not clear whether Gillard will go as far as announcing a carbon tax as an interim measure before a full blown carbon trading scheme can be created. She has said a carbon price is inevitable, probably via a market-based scheme, but that any decision on such a scheme would not be until 2012 and not without community consensus. But voters want quick action on climate change, according to opinion polls and public comments in local media. Until now the political risk of announcing a carbon price ahead of an election has been the threat of rising power bills. But two new surveys suggest power bills will rise and energy investment will fall because of a lack of a carbon price.

The lack of an emissions trading scheme and price on carbon would cost the Australian economy and consumers an extra A$2 billion by 2020 due to investment in less energy efficient coal-fired power plants, The Climate Institute

ViewSonic releases 1MS response time HD monitor


ViewSonic has announced the launch of its latest HD monitor VX2739wm, touted to be the world's first 27 inch Full HD monitor with a 1ms response time. The VX2739wm comes with a three-year warranty and is priced at Rs. 24,999.

The monitor has a contrast ratio of 100,000:1 and supports 1080p full HD panel. It also comes with built-in speakers.

The VX2739wm provides video connectivity with HDMI, DVI and VGA. It can also be connected with a 4-port USB hub.

Gautam Ghosh, Country Manager, ViewSonic India, said, "We are leading the way in meeting digital lifestyle trends and customers needs by launching world's first 27 inch monitor with fastest ever response time of 1ms. We hope to bring an on-going innovation in the visual display market which will drive new digital trends in India."

The ViewSonic monitor is suited for entertainment and gaming and can be connected with any gaming console, cable or satellite box and DVD players. Also when teamed with an ECO mode feature it can save energy up to 35 percent.

India launches five satellites at one go


Five satellites, including the advanced high resolution cartography satellite Cartosat-2B, were placed in orbit today after India's space agency ISRO successfully launched its Polar Satellite Launch Vehicle (PSLV) rocket from here.

"I am extremely happy to say PSLV 16 was a successful flight. All the satellites were injected precisely," Indian Space Research Organisation (ISRO) Chairman K. Radhakrishnan said.

ISRO's 230 tonne PSLV - standing 44 metres tall - soared towards the heavens from the spaceport here, about 80 km north of Chennai. The five satellites together weigh 819 kg.

Apart from its main cargo - the Cartosat-2B weighing 694 kg - the other satellites that the rocket put into orbit are the Algerian remote sensing satellite Alsat-2A (116 kg), two nano satellites (NLS 6.1 AISSAT-1 weighing 6.5 kg built by the University of Toronto, Canada and one kg NLS 6.2 TISAT built by University of Applied Sciences, Switzerland) and STUDSAT, a pico satellite weighing less than one kg, built jointly by students of seven engineering colleges in Andhra Pradesh and Karnataka.

Twenty minutes after blast off, the rocket first released the Cartosat-2B followed by Alsat-2A and the three small satellites.

This was the first successful launch after Radhakrishnan took over as ISRO chairman last year.

"Two more launches are planned in three months time. One will be PSLV and another will GSLV (Geosynchronous Satellite Launch Vehicle)," he said.

Planning Commission Deputy Chairman Montek Singh Ahluwalia, who was present at the launch, congratulated the ISRO scientists on the "perfect launch" and said: "ISRO makes the country proud."

Immediately after the ejection of the satellites, the Spacecraft Control Centre at Bangalore with the help of ISTRAC (ISRO Telemetry Tracking and Command) Network of stations there and at Lucknow, Mauritius, Bearslake in Russia, Biak in Indonesia and Svalbard in Sweden monitored their health. ISRO officials had some anxious moments in the run up to the launch.

Originally scheduled for launch May 9, ISRO decided to postpone it as it found "a marginal drop in the pressure in the second stage of the vehicle during mandatory checks" due to a faulty valve. At that time, the rocket was almost ready except for the loading of the satellites.

The rocket had to be dismantled to replace the faulty valve. The problem persisted even after the valve replacement here and ISRO sent the second stage (engine and other systems) back to its assembly centre to be dealt with.

Built to last for five years, the Rs.200 crore Cartosat-2B is India's 17th remote sensing satellite. It will augment ISRO's remote sensing data services along with the Cartosat-2 and 2A launched earlier.

The satellite's imagery can be used for preparation of detailed forest type maps, tree volume estimation, village/cadastral level crop inventory, town/village settlement mapping and planning for development, rural connectivity, canal alignment, coastal land form, mining monitoring and others.

"With the launch of Cartosat-2B, ISRO will have 10 remote sensing satellites in orbit - IRS 1D, Resourcesat 1, TES, Cartosat 1, 2 and 2A, IMS 1, RISAT-2, Oceansat 1 and 2," S. Satish, ISRO director (publications and public relations), told IANS.

India is a world leader in the remote sensing data market and earns a sizeable amount.

"The other remote sensing satellites that are slated for launch are RISAT (late 2010 or early 2011), Resourcesat and Megha-Tropiques," Satish added.

Sunday, July 11, 2010

Apple iTunes now more secured by CCV code


After barring the fraudulent Vietnamese program developer from its iTunes application store, Apple has armed itself with new security measures in iTunes. Apple users have to now enter their three or four digit CCV code on their credit cards while buying or accessing iTunes from a new computer.

"Developer Thuat Nguyen and his apps were removed from the App Store for violating the developer Program License Agreement, including fraudulent purchase patterns," Apple said.


Apple advises its users to get in touch with their respective financial institutions and change the iTunes password, when their iTunes password is stolen and used on iTunes. App Store offers both free and paid applications for the iPhone, iPod Touch and iPad. Any further details about incident involving the App Store has not been provided.

Researchers Use Robot to Determine How Human Strangers Develop Trust


What can a wide-eyed, talking robot teach us about trust?
A lot, according to Northeastern psychology professor David DeSteno, and his colleagues, who are conducting innovative research to determine how humans decide to trust strangers -- and if those decisions are accurate.

The interdisciplinary research project, funded by the National Science Foundation (NSF), is being conducted in collaboration with Cynthia Breazeal, director of the MIT Media Lab's Personal Robots Group, Robert Frank, an economist, and David Pizarro, a psychologist, both from Cornell.

The researchers are examining whether nonverbal cues and gestures could affect our trustworthiness judgments. "People tend to mimic each other's body language," said DeSteno, "which might help them develop intuitions about what other people are feeling -- intuitions about whether they'll treat them fairly."

This project tests their theories by having humans interact with the social robot, Nexi, in an attempt to judge her trustworthiness. Unbeknownst to participants, Nexi has been programmed to make gestures while speaking with selected participants -- gestures that the team hypothesizes could determine whether or not she's deemed trustworthy.

"Using a humanoid robot whose every expression and gesture we can control will allow us to better identify the exact cues and psychological processes that underlie humans' ability to accurately predict if a stranger is trustworthy," said DeSteno.

During the first part of the experiment, Nexi makes small talk with her human counterpart for 10 minutes, asking and answering questions about topics such as traveling, where they are from and what they like most about living in Boston.

"The goal was to simulate a normal conversation with accompanying movements to see what the mind would intuitively glean about the trustworthiness of another," said DeSteno.

The participants then play an economic game called "Give Some," which asks them to determine how much money Nexi might give them at the expense of her individual profit. Simultaneously, they decide how much, if any, they'll give to Nexi. The rules of the game allow for two distinct outcomes: higher individual profit for one and loss for the other, or relatively smaller and equal profits for both partners.

"Trust might not be determined by one isolated gesture, but rather a 'dance' that happens between the strangers, which leads them to trust or not trust the other," said DeSteno, who, with his colleagues, will continue testing their theories by seeing if Nexi can be taught to predict the trustworthiness of human partners.

Saturn Propellers Reflect Solar System Origins


Scientists using NASA's Cassini spacecraft at Saturn have stalked a new class of moons in the rings of Saturn that create distinctive propeller-shaped gaps in ring material. It marks the first time scientists have been able to track the orbits of individual objects in a debris disk. The research gives scientists an opportunity to time-travel back into the history of our solar system to reveal clues about disks around other stars in our universe that are too far away to observe directly.
"Observing the motions of these disk-embedded objects provides a rare opportunity to gauge how the planets grew from, and interacted with, the disk of material surrounding the early sun," said Carolyn Porco, Cassini imaging team lead based at the Space Science Institute in Boulder, Colo., and a co-author on the paper. "It allows us a glimpse into how the solar system ended up looking the way it does."

The results are published in a new study in the July 8, 2010, issue of the journal Astrophysical Journal Letters.

Cassini scientists first discovered double-armed propeller features in 2006 in an area now known as the "propeller belts" in the middle of Saturn's outermost dense ring, known as the A ring. The spaces were created by a new class of moonlets -- smaller than known moons, but larger than the particles in the rings -- that could clear the space immediately around them. Those moonlets, which were estimated to number in the millions, were not large enough to clear out their entire path around Saturn, as do the moons Pan and Daphnis.

The new paper, led by Matthew Tiscareno, a Cassini imaging team associate based at Cornell University, Ithaca, N.Y., reports on a new cohort of larger and rarer moons in another part of the A ring farther out from Saturn. With propellers as much as hundreds of times as large as those previously described, these new objects have been tracked for as long as four years.

The propeller features are up to several thousand kilometers (miles) long and several kilometers (miles) wide. The moons embedded in the ring appear to kick up ring material as high as 0.5 kilometers (1,600 feet) above and below the ring plane, which is well beyond the typical ring thickness of about 10 meters (30 feet). Cassini is too far away to see the moons amid the swirling ring material around them, but scientists estimate that they are about a kilometer (half a mile) in diameter because of the size of the propellers.

Tiscareno and colleagues estimate that there are dozens of these giant propellers, and 11 of them were imaged multiple times between 2005 to 2009. One of them, nicknamed Bleriot after the famous aviator Louis Bleriot, has been a veritable Forrest Gump, showing up in more than 100 separate Cassini images and one ultraviolet imaging spectrograph observation over this time.

"Scientists have never tracked disk-embedded objects anywhere in the universe before now," Tiscareno said. "All the moons and planets we knew about before orbit in empty space. In the propeller belts, we saw a swarm in one image and then had no idea later on if we were seeing the same individual objects. With this new discovery, we can now track disk-embedded moons individually over many years."

Over the four years, the giant propellers have shifted their orbits, but scientists are not yet sure what is causing the disturbances in their travels around Saturn. Their path may be upset by bumping into other smaller ring particles, or responding to their gravity, but the gravitational attraction of large moons outside the rings may also be a factor. Scientists will continue monitoring the moons to see if the disk itself is driving the changes, similar to the interactions that occur in young solar systems. If it is, Tiscareno said, this would be the first time such a measurement has been made directly.

"Propellers give us unexpected insight into the larger objects in the rings," said Linda Spilker, Cassini project scientist based at NASA's Jet Propulsion Laboratory in Pasadena, Calif. "Over the next seven years, Cassini will have the opportunity to watch the evolution of these objects and to figure out why their orbits are changing."

The Cassini-Huygens mission is a cooperative project of NASA, the European Space Agency and the Italian Space Agency. The Jet Propulsion Laboratory, a division of the California Institute of Technology in Pasadena, manages the Cassini-Huygens mission for NASA's Science Mission Directorate in Washington. The Cassini orbiter and its two onboard cameras were designed, developed and assembled at JPL. The imaging operations center is based at the Space Science Institute in Boulder, Colo.

Lupin ranked fifth generic drug company in U.S.


Indian drug maker Lupin has become one of the top five generic drug companies operating in the U.S. market in terms of number of prescriptions. This is a first among Indian generic companies selling drugs in the US, the largest market in the world, writes P B Jayakumar of Business Standard.

Lupin is now behind Teva Pharma of Israel, Mylan Labs, Novartis and Watson Pharma. It had an average of a little over 8.4 million prescriptions a month in year between May 2009 and April 2010, said IMS, a global market research agency that tracks drug prescription sales in the US market.


In the previous year, Lupin had moved into the top 10 rankings at eighth position. Three Indian companies - Dr Reddy's Laboratories, Zydus Cadila and Aurobindo - are among the top 15 companies in the U.S. market, at 11, 12 and 13th positions, respectively. Glenmark (rank 18), Ranbaxy Laboratories (20), Sun Pharma (25) and Torrent (26) are the other Indian drug makers among the top 30 players in the U.S. generic business, said the data.

However, the journey further up the ladder will be tough for Lupin, as Watson Pharma, ranked fourth in the list, generates more than double the number of prescriptions for Lupin. Lupin's largest market, the U.S., had grown by about 38 percent in 2009-10 to Rs. 1,789 crore, of a total revenue of Rs. 4,740.5 crore. In March and April this year, Lupin had over a million prescriptions in the U.S. market.

"We are happy that we could achieve our target of breaking into the top five position a few years before we targeted to reach that milestone. We could achieve it in just five years, in a market dominated by players like Teva and Mylan which are there for the last two decades," Nilesh Gupta, executive director of Lupin, told Business Standard.

Lupin had filed a record 37 product registration filings and 19 bulk drug or raw material registration filings with the U.S. Food and Drug Administration (FDA) during 2009-10.

Private banks get FDI cover for their Insurance firm

India's top two private sector lenders - ICICI Bank and HDFC Bank - have succeeded in their attempt to retain the Indian tag. Investment by these banks and others, where foreign shareholding exceeds 50 per cent, in their subsidiaries will be treated as foreign investment with insurance being the sole exception, writes Nayanima Basu of Business Standard.


Along with these two, there are five such lenders in India, including IndusInd Bank, ING Vysya and Yes Bank. These banks were classified as foreign banks when the norms were altered in February 2009. Since then, these lenders have been petitioning the department of industrial policy and promotion (DIPP), the finance ministry and the Reserve Bank of India for a review of the norms.

A DIPP official said "It has been clearly communicated to the banks that they are foreign-owned Indian banks as they are registered in India but their equity is owned by foreigners for purposes of downstream investment. They have the right to open branches, as they are registered here and they are not like foreign banks. But if they invest in any subsidiary, except in their insurance businesses, then that investment would be treated as FDI (foreign direct investment)."

The issue was initially raised by ICICI Bank and HDFC Bank, whose ownership had come under the scanner in the backdrop of new norms as foreign stakes in these two banks are 77 per cent and 64 per cent, respectively.

"This (the DIPP move) would impact the subsidiary businesses of the banks. They would now be more cautious in making any downstream investment, as the new rule would definitely act as a big deterrent. It might also lead to some restructuring of the groups in their shareholding patterns to comply with the norms," said Punit Shah, leader of financial services (taxation) at KPMG.

An exemption from including insurance subsidiaries would particularly help ICICI Bank-promoted ICICI Prudential Life and ICICI Lombard General Insurance, as foreign investors hold 26 per cent each in the two joint ventures. If ICICI Bank's holding is treated as foreign holding, there would be a breach of the sectoral foreign investment ceiling of 26 per cent for insurance.

The fate of HDFC Standard Life and HDFC Ergo are, however, unclear as the companies are promoted by HDFC, which operates like a holding company with HDFC Bank also as a subsidiary.

Jaipur Jantar Mantar, Matheran Railway to vie for World Heritage status


Jantar Mantar of Jaipur and Matheran Light Railway are in the race along with 30 other new sites for inscription on UNESCO's World Heritage List.

The World Heritage Committee will consider requests for inscription of the sites when it meets for its 34th session in Brazil's capital Brasilia from July 25 to August 3.

The 19.97-km-long Matheran Light Railway, which runs from Neral to Matheran in Maharashtra's Raigad district, offer a rich and scenic expanse of the mountain area and its associated eco-sensitive zone.

The Jantar Mantar is located within the boundaries of the City Palace Complex site in Jaipur and its total area is about 1.86 hectares.

During this year's session - to be chaired by Joao Luiz Ferreira, Brazil culture minister and president of the World Heritage Committee - 35 parties to the World Heritage Convention will present properties for inscription. Three of those countries - Marshall Islands, Kiribati and Tajikistan -have no properties inscribed on the Heritage List to date.

Thirty-two new properties were submitted for inscription on the Heritage List this year: six natural, 24 cultural and two mixed (i.e. both natural and cultural) properties, including four transnational nominations.

The committee will also review the state of conservation of the 31 World Heritage properties, including Manas Wildlife Sanctuary in Assam, inscribed on the List of World Heritage in Danger and may decide to add to that list new properties whose preservation requires special attention.

To date, the World Heritage List recognises 890 properties of "outstanding universal value", including 689 cultural, 176 natural and 25 mixed properties in 148 states parties.

Cultural properties from India inscribed on the Heritage List are Agra Fort (1983), Ajanta Caves (1983), Buddhist Monuments at Sanchi (1989), Champaner-Pavagadh Archaeological Park (2004), Chhatrapati Shivaji Terminus (formerly Victoria Terminus) (2004), Churches and Convents of Goa (1986), Elephanta Caves (1987), Ellora Caves (1983), Fatehpur Sikri (1986), Chola Temples (1987), Monuments at Hampi (1986), Monuments at Mahabalipuram (1984), Monuments at Pattadakal (1987), Humayun's Tomb at Delhi (1993), Khajuraho Monuments (1986), Mahabodhi Temple at Bodh Gaya (2002), Mountain Railways of India (1999), Qutb Minar (1993), Red Fort (2007), Rock Shelters of Bhimbetka (2003), Sun Temple at Konark (1984) and Taj Mahal (1983).

The natural properties on the list are Kaziranga National Park (1985), Keoladeo National Park (1985), Manas Wildlife Sanctuary (1985), Nanda Devi and Valley of Flowers National Parks (1988) and Sundarbans National Park (1987).

Historic Spain victory caps euphoric African World Cup


A historic first World Cup victory for Spain in Soccer City capped the first World Cup in Africa Sunday, with a brief appearance by Nelson Mandela sealing the end to an immensely successful tournament for the South African hosts.The all-European final between Spain and the Netherlands was a bad-tempered affair, with the two sides ratcheting up 14 yellow cards, of which Dutch defender John Heitinga received two, earning him a sending off.

Spanish fans erupted in joy after striker Andres Iniesta scored the only goal of the game in extra time to write Spain's name in World Cup annals. The usually noisy army of Oranje supporters watched in stony silence and then loudly booed English referee Howard Webb as he collected his medal. But the dour Dutch mood couldn't dispel the euphoria of nearly one billion Africans, who were puffed up with pride at the close of an immensely successful World Cup that has confounded Africa's critics.

'You'll never get another World Cup like this. I'm very proud to be South African,' said Garrett Whyte, a 25-year-old student from Johannesburg, who attended the final. 'We have to thank South Africa for really transforming Africa, It's done all of Africa proud,' said Samson Adamu, from Nigeria, who also attended the game. 'Now the know-how is there, who knows, maybe Nigeria could organize a World Cup in a few decades,' he mused.

South Africa's farewell to a World Cup that has united the country across racial lines like never before was all the more emotional by the appearance at the closing ceremony of anti-apartheid icon Mandela. The 89,000-capacity stadium erupted in cheers and vuvuzela blowing as the white-haired statesman was driven around the pitch with his wife Graca Machel in a golf cart.

Dressed in a black winter coat and wearing a black fur hat and black gloves, the 91-year-old former president smiled and waved, leaving some fans battling to choke back tears. Mandela, the symbol of South African democracy, was key in landing the first World Cup in Africa but was forced to miss the opening ceremony on June 11 following the tragic death of his great grand-daughter in a car crash. Mandela, who spent 27 years in prison for resisting apartheid before becoming the country's first black president in 1994, was key to South Africa securing the World Cup.

The closing ceremony was also watched by South African President Jacob Zuma, Queen Sofia of Spain, Prince Willem-Alexander of the Netherlands and several African heads of state. Dressed in a grass skirt and beaded halter top, Colombian popstar Shakira, who also also performed at the 2006 World Cup in Germany, headlined the event with her Cameroonian-inspired World Cup anthem Waka Waka. Grammy winning a cappella group Ladysmith Black Mambazo blessed the final with their song 'Rain, Rain, Beautiful Rain', a good omen in Africa.

As they sang, 13 make-believe elephants inhabited by people ambled across the pitch to drink at a video-projection of a watering hole. The ceremony also replayed key moments from the quarter-finals and semi-finals. After the final whistle, FIFA president Joseph Blatter presented the World Cup trophy to Spanish captain Iker Casillas with Zuma and Soccer City was lit up with fireworks. FIFA's boss was due to deliver his final assessment of the tournament on Monday but has also already declared his satisfaction. Zuma has already praised South Africans as the real stars of the tournament.

Friday, July 9, 2010

China allows duty-free exports from B’desh, Nepal


China has decided not to impose any duty on exports from Bangladesh and Nepal. This zero-duty treatment to exporters in these countries is likely to affect Indian exporters adversely. Another Asian nation to benefit from its zero tax tariff system is Afghanistan where India and China are seriously engaged in reconstruction and development.

The move is bound to force India, a major seller to these countries to sit up and take notice. For Nepal, the zero tariff move that came into effect on July 1 means an opportunity to reduce its heavy reliance on Indian buying, sources said.

In case of Bangladesh, the move comes on top of Chinese support in building a 150 megawatt power project in Chandpur, which will be built by Chengda Engineering Corporation of China, and construction of the seventh friendship bridge at Kajirtek.

Business relationship between China and Bangladesh have picked up momentum since the visit of PM Sheikh Hasina to Beijing last March, when the two countries decided to establish a “Closer Comprehensive Partnership of Cooperation” and Beijing made an offer of concessional loans. The visit also saw the China National Petroleum Corporation signing a MoU on cooperation with Bangladesh Oil, Gas & Mineral Corporation and Bangladesh Petroleum Corporation.

India to grow at 9.50 percent in 2010: IMF

India's growth will accelerate to about 9.50 percent in 2010 as robust corporate profits and favourable financing conditions fuel investment, and then settle to 8.50 percent in 2011, according to International Monetary Fund (IMF) projections.

Large domestic demand bases in India, China, and Indonesia, which contribute substantially to Asia's growth, could also provide the region a cushion in the event of external demand shocks, the IMF said Thursday.


As Asia's strong recovery from the global financial crisis continues, despite renewed tension in global financial markets, world growth is projected at about 4.50 percent in 2010 and 4.25 percent in 2011, according to the July update of IMF's World Economic Outlook (WEO).

Relative to the April 2010 WEO, this represents an upward revision of about 0.50 percentage point in 2010, reflecting stronger activity during the first half of the year, the IMF said, keeping its forecast for 2011 unchanged.

At the same time, downside risks have risen sharply amid renewed financial turbulence, it said, suggesting that policy efforts in advanced economies should focus on credible fiscal consolidation, notably measures that enhance medium-run growth prospects such as reforms to entitlement and tax systems.

Noting that economic activity in Asia has been sustained by continued buoyancy in exports and strong private domestic demand, the IMF has revised gross domestic product (GDP) growth forecasts for the region upward for 2010, from about 7 percent in the April WEO to about 7.50 percent.

For 2011, when the inventory cycle will have run its full course and the stimulus is withdrawn in several countries, Asia's GDP growth is expected to settle to a more moderate but also more sustainable rate of about 6.75 percent.

In China, given the strong rebound in exports and resilient domestic demand so far this year, the economy is now forecast to grow by 10.50 percent in 2010, before slowing to about 9.50 percent in 2011, when further measures are taken to slow credit growth and maintain financial stability, the IMF said.

Both Newly Industrialised Asian Economies and Association of South East Asian Nations (ASEAN) economies are expected to grow by about 6.50 percent in 2010 as a result of surging exports and private domestic demand, before moderating to 4.75 percent and 5.50 percent, respectively, in 2011, it said.

In a separate Global Financial Stability Report Update, the Fund noted that despite generally improved economic conditions and a long period of healing after the failure of Lehman Brothers, progress toward global financial stability has recently experienced a setback.

Sovereign risks in parts of the euro area have materialised and spread to the financial sector there, threatening to spill over to other regions and re-establish an adverse feedback loop with the economy, it said.

Further decisive follow-up is needed to the significant national and supranational policy responses that have been taken in order to strengthen confidence in the financial system and ensure continuation of the economic recovery, the IMF said.

Alonso wary of losing like England


Xabi Alonso believes England offer the perfect proof that Spain should take nothing for granted in the FIFA World Cup™ Final on Sunday. The UEFA EURO 2008 winners will start as favourites against the Netherlands at Soccer City this weekend following their semi-final win over Germany.

Yet Alonso is astute enough to know the favourites tag counts for nothing. After all, England were tipped to beat the United States and Algeria and top their group. To their chagrin, they managed none of it. "England had a very tough game and the expectations were very high," said Alonso. "One bad game and you are out. That is how it works in the World Cup and that should be a warning to us on Sunday."

With Fernando Torres on the bench and Jose Reina consigned to his role as understudy to Iker Casillas, Alonso was the nearest thing to a Premier League player in the Spain starting line-up against Germany. Alonso spent five years working with Rafael Benitez at Liverpool before switching to Real Madrid last summer.

Alonso has nothing but happy memories from his time on Merseyside, although it is clear the midfield star has now moved on. "I don't know if I am playing better than I did when I was at Liverpool," he said. "I really enjoyed my five years there but now I am in Spain with Real Madrid. I feel as if I am in a good moment so I don't really think about my form."

Alonso might not attract the same attention as midfield colleagues Xavi and Andres Iniesta, around whom so much of Spain's fabulous passing game is based. However, his job operating slightly further back is just as important. His reading of a game is on a par with anyone in the world and his natural ability to retain possession in the tightest of situations fits in perfectly with Spain's game plan.

"It is a privilege to be among this group of players," he said. "There is so much quality. I have always tried to give my best so I never worried that I would not find a way into the side. We have great competition and that is good for the team because it brings the best out of everyone.

"Whenever you are playing you have to be ready and whenever you are on the bench you have to believe you will come on. You have to support your team-mate because that is part of football. There is a good atmosphere in the team and so far things are going smoothly. We are enjoying this tournament and want to do something massive for the whole country."

NComputing introduces L300 virtual desktop in India



Desktop virtualization firm, NComputing has introduced the L300, the energy efficient Ethernet virtual desktop device in India. The device, which primarily aimed at small and medium businesses, will be available at Rs. 9.500.

The L300 Virtual Desktop provides full screen, full motion multimedia playback up to 1920x1080 resolution, transparent USB redirection, and simple but powerful deployment and management tools.
"L300 access devise uses the surplus energy generated by a computer to power almost 11 to 30 users simultaneously at near or remote locations. The product is enabled with vSpace virtualisation software, therefore, even the remote Ethernet local area network can be centrally managed," NComputing Vice-President (Asia Pacific) Manish Sharma. In in India enterprises are already adapting to virtual desktop infrastructure due to its cost effectiveness, he added.

Combined with NComputing's vSpace software, this enterprise ready solution provides powerful thin zero client access performance including full-motion multi-media playback, fast and simple deployment, and powerful management tools, claims the company.

Stephen Dukker, Chairman and CEO of Ncomputing, said, "We expect the L300 to expand adoption of VDI in the enterprise and save over 75 percent in capital costs, 75 percent in operating costs and 90 percent in energy consumption compared to other fully-deployed VDI client or desktop PCs."

The L300 will be available through NComputing's national distributor Redington India.

Advanced sounding rocket launched with students' payload


The advanced sounding rocket RH 200 was successfully launched from the space station at Thumba, carrying a payload partly developed by students, officials said.

The Thumba Equatorial Rocket Launching Station (TERLS) is part of the Vikram Sarabhai Space Centre (VSSC) here which is a unit of the Indian Space Research Organisation (ISRO).


According to a VSSC statement, the rocket was successfully launched at 3.50 p.m. and achieved its intended altitude of 60 km in two minutes.

"ISRO has always encouraged students from universities to become partners for payload development. Towards this, students from Vellore Institute of Technology University (VITU), were being guided by VSSC to develop a part of the payload as a co-passenger on the RH 200 technology demonstrator flight," the statement said.

The students' payload comprised of tri-axial accelerometers, power switching module and safe arm relay unit matching the requirements of RH 200 rocket.

The tri-axial accelerometer can monitor accelerations in three directions. The power-switching module is for the power control of the payload.

Students of the Indian Institute of Space Technology (IIST) are also making good progress in their attempt to make the first indigenous 'students' rocket' with the support of experts from VSSC.

So far, TERLS has recorded 2,291 flights of sounding rockets and this is the 395th flight of an RH 200 rocket.

Infotel, Airtel and two others get BWA spectrum


The government has paved the way for starting high speed mobile broadband services in the country by allotting spectrum for four telecom operators. It allotted spectrum for operators including RIL-owned Infotel and Bharti Airtel.

According to senior officials in the Department of Telecom (DoT) 20 Mhz of spectrum has been given to the four firms Infotel, Bharti, Aircel and Tikona Digital, which have licences to offer services.
The other two ' Qualcom and Augere (Mauritius) Limited ' would be given radiowaves as soon as they procure telecom licences, they said, adding there is no other problem with their cases. The government had recently held auction for selling spectrum for 3G and Broadband Wireless Access (BWA) services and had collected over Rs. 1,06,262 crore. With the BWA, the operators can offer mobile broadband services that can facilitate high-speed wireless transmission of data. The speed can be as high as up to 40 Mbps.

The operators have already started talks with telecom vendors like Samsung, Motorola, Ericsson and a few Chinese firms like Huawei and ZTE for deploying either Wimax or Long Term Evolution (LTE) technology platform.
Both Long Term Evolution and Worldwide Interoperability for Microwave Access (WiMAX) are are similar but rival technologies. Infotel, acquired by RIL, was the only successful bidder in all of the 22 circles in the BWA auction conducted recently. Bharti had got in four, Aircel in eight and Tikona in five.
"With this, Reliance can now offer fourth generation wireless Infocomm services across the nation," Mukesh Ambani had recently said, addressing the AGM of the firm last month and had indicated that to build this the company would look at partnerships at various levels.

RIL had paid Rs. 4,800 crore for acquiring 95 percent stake in Infotel by way of creating fresh capital and on top of this the company paid over Rs. 12,848 crore to the government towards spectrum fees.

Lavasa ties up with Cisco, Wipro to develop e-city


Lavasa Corporation, Cisco and Wipro have collaborated to develop India's first complete e-city. The three companies have signed definitive agreements for Cisco to participate in MyCity Technology, a company set up by Lavasa and Wipro last year to provide information and communication technologies (ICT) services in the new development of Lavasa City.
The strategic collaboration between the three companies is to build a next generation intelligent sustainable community, and is based on a shared vision of sustainable urbanization, Cisco's Smart+Connected Communities initiative, and Wipro's ICT solutions and services.

Lavasa City is free India's first and largest Hill City being developed by Lavasa Corporation, and MyCity Technology will supplement the strengths of the three companies to help make Lavasa City the first complete e-city in India.

As part of the collaboration, Cisco will be the preferred technology partner for ICT products and architecture. On the other hand, Wipro will provide its expertise in areas like city management services, e-governance, ICT infrastructure and value added services, including proposing and implementing intelligent home solutions and digital lifestyles. According to Anurag Mehrotra, Vice President & Head Client relationship group, Wipro, the company plans to deploy cutting-edge technology to deliver innovative services to residents and businesses operating from Lavasa. Wipro will also design the detailed infrastructure for telecom services for governance.
According to Ajit Gulabchand, Chairman, Lavasa Corporation, the partnership with Cisco and Wipro will enable Lavasa to set new benchmarks on city development and management through effective use of modern technology.

Cities and communities can be sustainable by embracing smart regulation and strategic public private partnerships with technology as an enabler, said Wim Elfrink, Chief Globalisation Officer and Executive Vice President, Cisco.

Apart from improving economic development, environmental sustainability, and the quality of life for citizens, the companies will also look to develop a broad ecosystem of strategic design and development

Saturn System Moves Oxygen from Enceladus to Titan


Complex interactions between Saturn and its satellites have led scientists using NASA's Cassini spacecraft to a comprehensive model that could explain how oxygen may end up on the surface of Saturn's icy moon Titan. The presence of these oxygen atoms could potentially provide the basis for pre-biological chemistry.
The interactions are captured in two papers, one led by John Cooper and another led by Edward Sittler, published in the journal Planetary and Space Science in late 2009. Cooper and Sittler are Cassini plasma spectrometer team scientists at NASA's Goddard Space Flight Center in Greenbelt, Md.
"Titan and Enceladus, another icy moon of Saturn, are chemically connected by the flow of material through the Saturn system," Cooper said. In one paper, Cooper and colleagues provide an explanation for forces that could generate the Enceladus geysers that spew water vapor into space. In the other, published in the same issue, Sittler and colleagues describe a unique new process in which oxygen that circulates in the upper atmosphere of Titan can be carried all the way to the surface without further chemical contamination by being encased in carbon cages called fullerenes.

The work draws upon previous work by Sittler and others that model the dynamics of how particles, including water molecules, travel from Enceladus to Titan. At Enceladus the flow process begins with what they call the "Old Faithful" model, after the Old Faithful geyser in Yellowstone National Park. In this model, gas pressure slowly builds up inside Enceladus, then gets released occasionally in geyser-like eruptions. Unlike terrestrial geysers, or even geyser-like forces on Jupiter's moon Io, the model proposed by Cooper shows that charged particle radiation raining down from Saturn's magnetosphere can create the forces from below the surface that are required to eject gaseous jets.

Energetic particles raining down from Saturn's magnetosphere -- at Enceladus, mostly electrons from Saturn's radiation belts -- can break up molecules within the surface. This process is called radiolysis. Like a process called photolysis, in which sunlight can break apart molecules in the atmosphere, energetic radiation from charged particles that hit an icy surface, like that of Enceladus, can cause damage to molecules within the ice. These damaged molecules can get buried deeper and deeper under the surface by the perpetual churning forces that can repave the icy surface. Meteorites constantly crashing into the surface and splashing out material might also be burying the molecules.
When chemically altered icy grains come into contact beneath the surface with icy contaminants such as ammonia, methane and other hydrocarbons, they can produce volatile gases that can explode outward. Such gases can create plumes of the size seen by Cassini. Cooper and colleagues call such icy volatile mechanics "cryovolcanism."
What's unique about the "Old Faithful" model is that it "is a model for cryovolcanism that is based on not only liquid water, but also requires the production of gases by the radiolytic chemistry observed at Enceladus," said Sittler.

The plumes that emanate from Enceladus' south polar region consist of water, ammonia and other compounds. Scientists have known since the 1980s that Saturn's magnetosphere is inexplicably filled with neutral particles. In the intervening decades, particularly since the discovery of plumes jetting out from the south pole of Enceladus, work has shown how some of the water molecules that escape from Enceladus get split up into neutral and charged particles and are transported throughout Saturn's magnetosphere. Sittler's new model indicates that as these broken water molecules enter Titan's atmosphere, they may be captured by fullerenes -- hollow, soccer-ball shaped shells made of carbon atoms. Although the heavy molecules Cassini has detected in the upper atmosphere of Titan may be other molecules, Sittler suggests they are likely fullerenes.

In Sittler's model, the fullerenes then condense into larger clusters that can attach to polycyclic aromatic hydrocarbons -- chemical compounds also found on Earth in oil, coal and tar deposits, and as the byproducts of burning fossil fuels. The fullerene clusters form even larger aerosols that travel down to Titan's surface. This process protects the trapped oxygen from Titan's atmosphere, which is saturated with hydrogen atoms and compounds that are capable of breaking down other molecules. Otherwise, the oxygen would combine with methane in Titan's atmosphere and form carbon monoxide or carbon dioxide. Until now, scientists have not been able to explain how oxygen fits into the picture of the dynamics and chemistry of Saturn and its moons.

As the oxygen-rich aerosols fall to Titan's surface, they are further bombarded by products of galactic cosmic ray interactions with Titan's atmosphere. Cosmic rays bombarding the oxygen-stuffed fullerenes could produce more complex organic materials, such as amino acids, in the carbon-rich and oxygen-loaded fullerenes. Amino acids are considered important for pre-biological chemistry.

Scientists have been able to couple the new models that describe the generation of plumes at Enceladus and oxygen ion capture in fullerenes near the top of Titan's atmosphere to existing theories of the transport of oxygen across the magnetosphere. Taken together, Sittler and Cooper suggest a chemical pathway that allows the oxygen to be introduced to Titan's surface chemistry.

"Cooper and Sittler's work helps us understand more about the potential for chemical interactions among Saturn's moons," said Linda Spilker, Cassini project scientist at NASA's Jet Propulsion Laboratory in Pasadena, Calif.

"The Saturn system is indeed a dynamic place, with the Enceladus plumes creating the E ring and loading the magnetosphere with water which interacts with Titan and the other moons," Spilker said.

The Cassini mission is a joint effort of NASA, the European Space Agency, and the Italian space agency Agenzia Spaziale Italiana. The mission is managed for NASA by the Jet Propulsion Laboratory, a division of the California Institute of Technology. Partners include the U.S. Air Force, Department of Energy, and academic and industrial participants from 19 countries.

Thursday, July 8, 2010

Viacom 18 to acquire TIFC to expand media space

Viacom 18 is in plans to buy out the Indian Film Company (TIFC), which has a market capital of $31.35 million as a part of their target to expand the entertainment space. Network 18 which owns about 80.4 percent of TIFC along with its affiliates will consider the sale of stake in the London listed firm.

With Viacom and IBN18 consenting to provide the required funding for the acquisition, Network 18 will have their board meeting on July 7 to restructure their proposal. Cairn Financial Advisers is financial advisor to TIFC, which was listed on London's Alternative Investment Market in June 2007 and raised $83.4 million to fund its portfolio of films which included 'Road Movie' and 'It's A Wonderful Afterlife.'
In a release to stock exchanges the acquiring company said, "As part of the company's planned expansion in the entertainment space and acquisition of synergistic content, Viacom18 is contemplating making the offer. This possible offer is in the process of being formulated and subject to a number of pre-conditions, will only be made if and when all such pre-conditions are satisfied and will be made in full compliance of the U.K. Takeover Code and other regulations."
TIFC had given some hits with movies like 'Jab we Met,' 'Welcome' and 'Golmaal Returns'. Incidentally, this fiscal year it had a poor performance like 'Shortkut - The Con is On,' 'Luck,' and 'Life Partner.' It had also recorded a net loss of $6.9 million compared to a net profit of $5.89 million in the previous year.

China's AgBank prices IPO to be world's largest


Agricultural Bank of China priced its Hong Kong and Shanghai dual listing on Tuesday, a deal that would break all IPO records by raising more than $22 billion when adding in over-allotment shares.
The initial public offering (IPO), which is raising funds to replenish capital, still faces a tough aftermarket, with a debut planned for July 15 in Shanghai, and a day later in Hong Kong. It has fought through a plunging Chinese stock market and a euro zone debt crisis that has shaken other markets across the globe.
Despite the headwinds, China's third largest bank by assets was able to pull in strong demand for the IPO. AgBank, the last of China's big banking institutions to go public, has a sprawling network of branches in China's rural parts but also a presence in its major cities as well.
Only three years ago, AgBank, founded by Mao Zedong in 1951, was technically insolvent, with non-performing loans of around 24 percent. Its turnaround, after a $30 billion bailout and bad loan carve-out, underscores the strength of China's rapidly expanding economy and the state's tight grip on the banking industry.
Beijing-based AgBank sold 25.4 billion shares in Hong Kong at HK$3.20 (41 cents) each, compared with a recently narrowed range of HK$3.18 to HK$3.38, sources directly involved in the deal said on Tuesday. The original range was HK$2.88-HK$3.48.

The lender priced its Shanghai IPO at the top of an indicated range, separate sources directly involved with the deal said.
AgBank ABC.UL will sell 22.24 billion yuan ($3.28 billion)-denominated A-shares at 2.68 yuan apiece, after indicating a 2.52-2.68 yuan range. That means AgBank will raise a total of $19.3 billion, but a greenshoe over-allotment of shares would expand the proceeds to $22.2 billion.
The sources could not be named because they were not authorized to speak publicly about the pricing ahead of an expected announcement on Wednesday. Given the strong institutional demand backing the deal so far, it is highly likely the greenshoe will be exercised, sources say, though no deal is complete until it debuts. "Investors have been on the sidelines waiting for the AgBank IPO," Mark To, head of research at Wing Fung Financial Group, said. "But I see volume picking up once again after the listing as the fundraising has already been discounted in the stock prices and pessimism about the global economy tempers."

Previously, the biggest IPO ever was the Industrial & Commercial Bank of China's (1398.HK)(601398.SS) $21.9 billion offering in 2006.
China International Capital Corp (CICC), Deutsche Bank (DBKGn.DE), Goldman Sachs (GS.N), JPMorgan (JPM.N), Macquarie MQG.N and Morgan Stanley (MS.N) are the banks handling the Hong Kong offering, along with AgBank's own securities unit. Underwriters for the Shanghai deal are CICC, Citic Securities, Galaxy and Guotai Junan Securities.
AgBank ABC.UL is going public for several reasons, among them to allow Beijing to complete its goal of listing the country's top four banks, several of which also went through insolvency periods in the last decade.
They are now among the largest banks -- and companies -- in the world by market capitalization and assets. AgBank's offering will also provide a guide for the other Chinese banks that are planning tens of billions of dollars in similar capital raisings this year and will act as a gauge on the risk appetite of investors hurt by plunging global markets and concerns over economic growth.
Investor demand appeared robust on the mainland. A source with direct knowledge of the listing told Reuters that AgBank's Shanghai offering was about 20 times oversubscribed by institutional investors.
Cornerstone investors took up a larger than expected $5.45 billion worth of the Hong Kong share offering, leaving fewer shares for the world's mutual funds.
The institutional demand for the Hong Kong offering comprised of 45 percent from Asia, 30 percent from the United States and 25 percent from Europe, according to one of the sources involved.
The IPO plus the overallotment would value AgBank at around $150 billion, ranking it the fourth biggest bank in the world by market capitalization behind ICBC, China Construction Bank (0939.HK)(601939.SS) and HSBC (HSBA.L).

LAST OF BIG FOUR

Headed by Chairman Xiang Junbo, an award-winning scriptwriter and war hero, AgBank has 24,000 branches, 441,000 employees and 320 million customers -- more than the population of the U.S.

AgBank's pricing will likely boost sentiment for other Chinese banks planning capital raisings, though there is still more than a week to go before the IPO debuts; Bank of China (3988.HK)(601988.SS) and ICBC also have huge fund raisings in the pipeline.
China's benchmark stock index .SSEC has fallen nearly a quarter since mid-April and fell sharply last week, partly as investors sold stocks to raise money for the AgBank offer.
Retail demand for both IPOs has so far shown a tepid response.

Spain beat Germany 1-0 to enter final


A headed goal by defender Carles Puyol carried Spain to their first World Cup final on Wednesday when they beat Germany 1-0 in the semifinals.
Spain will face Netherlands at Soccer City in Johannesburg on Sunday. The Dutch have been in the final twice before but have never won it so a new world champion is guaranteed. The Spaniards dominated the match but struggled to finish off a German side lacking their usual pace until Puyol struck with a powerful header from a Xavi corner in the 73rd minute.
"Players from defence to attack were extraordinary and played a great game," said Spain coach Vicente del Bosque. Striker David Villa added: "We've shown that in the big moments we've risen to the occasion.

"It's the best game we've played. We deserved to score more but a Puyol goal put us in the final and we're exultant." The European champions dominated possession early on and needed only five minutes to carve out their first chance against a nervous German defence.
Spain forward Pedro, who started ahead of the misfiring Fernando Torres, played the ball for David Villa, who caught Arne Friedrich napping but could not beat keeper Manuel Neuer.

SPAIN PRESSURE
With the Germans, who lost the Euro 2008 final to the Spaniards by the same score, boxed into their own half, Spain kept up the pressure, with Puyol heading an Andres Iniesta cross from the right narrowly over the bar after 15 minutes. Germany's Piotr Trochowski, who replaced the suspended Thomas Mueller on the right, stretched Spain goalkeeper Iker Casillas with a well-struck low drive. Pedro and Sergio Ramos continued to single out Germany left back Jerome Boateng as a weakness, cutting the ball back from the wing for midfielder Xabi Alonso who twice fired wide early in the second half.
The Spaniards came agonisingly close in the 58th minute with a Pedro shot that forced a spectacular save from Neuer before Iniesta cut the ball across the face of goal a metre ahead of the sliding Villa. Germany remained on the backfoot and 17 minutes from time were punished when Puyol headed the winner leaving Spain to soak up some late pressure before reaching the final.
"I believe they (Spain) will win this tournament," said Germany coach Joachim Loew. "Spain let the ball roll so well and you just can't keep up with them. We played a great tournament but weren't as sharp tonight as we've been."

"It was very difficult tonight," added Germany captain Philipp Lahm. "We knew Spain were a favourite to win the tournament. Spain is a very strong team."

Researchers Measure Single-Molecule Machines in Action


In the development of future molecular devices, new display technologies, and "artificial muscles" in nanoelectromechanical devices, functional molecules are likely to play a primary role.
Rotaxanes, one family of such molecules, are tiny, mechanically interlocked structures that consist of a dumbell-shaped molecule whose rod section is encircled by a ring. These structures behave as molecular "machines," with the ring moving along the rod from one station to another when stimulated by a chemical reaction, light or acidity.
To realize the potential of these molecular machines, however, it is necessary to understand and to measure their function at the nanoscale. Previous methods for observing their operation have involved chemical measurements in solution and studying collections of them attached to surfaces, but neither has provided an accurate picture of their function in environments that are relevant to molecular-device operation.

Now, a multidisciplinary team of researchers from UCLA, Northwestern University, UC Merced, Pennsylvania State University and Japan has succeeded in observing single-molecule interactions of bistable rotaxanes functioning in their native environment.
The team's findings are published in the current edition of the journal ACS Nano.
Led by Paul Weiss from UCLA and Fraser Stoddart from Northwestern University, the team developed a molecular design that firmly attached rotaxanes to a surface, enabling them to be individually examined in their native environment by a scanning tunneling microscope (STM). Using this technology, the researchers were able to record station changes by the rotaxanes' rings along their rods in response to electrochemical signals.

Previously, rotaxanes had to be grouped for study because of their mobility and flexibility when attached to surfaces. And because STM instruments utilize an atomically thin tip to feel out nanoscale surfaces ― in much the same way a blind person reads Braille ― the rotaxanes' flexible nature made it difficult to study them individually. The research team's molecular design, however, helped significantly reduce this flexibility.
The STM developed by the team enables much more detailed studies of molecular machines, leading to greater understanding of how they interact with their neighbors and how they might work together in nanoelectromechanical devices.
Paul Weiss, distinguished professor of chemistry and biochemistry, holds UCLA's Fred Kavli Chair in Nanosystems Sciences and is director of the California NanoSystems Institute (CNSI) at UCLA. Fraser Stoddart is the Board of Trustees Professor of Chemistry and director of the Center for the Chemistry of Integrated Systems (CCIS) at Northwestern University.
The work was funded by the National Science Foundation, the Semiconductor Research Corporation and the Kavli Foundation.

In Bihar, electricity is produced from rice husk


Many villages in Bihar has literally lifted out of darkness with an uninterrupted, self-sufficient power supply, thanks to Gyanesh Pandey, the promoter of Husk Power Systems that transforms piles of discarded rice husk to light up the villages, reports Manu A B from Rediff Business. Now, around 50,000 villagers in 120 villages across Bihar and 3 villages in Uttar Pradesh have been benefited by these 'green' power plants.
After resigning his job in U.S., Gyanesh returned to his native home state in 2007 and he teamed up with his friends Ratnesh Yadav, Manoj Sinha and Charles W Ransler to set up Husk Power Systems. Their idea was to provide power to villagers who depended on agriculture as their main occupation in a cost-effective and environmentally-friendly manner. After research and experiments, the team decided that the most feasible way would be making electricity from rice husk. Today HPS owns and operates 40 mini-power plants (35-100 kw) across Bihar. Through this unique green technology, villages get uninterrupted power for up to 6-12 hours by setting up a plant, which burns rice husk to generate gas to run generators.

For villagers, this cheap and eco-friendly model of generating electricity is a miracle that has transformed their lives. "After 60 years of independence, we got the real azadi (freedom) now," Rambalak Yadav, an excited school teacher from Tamkuha, said.
"Becoming an entrepreneur was an evolutionary process. I had a good life in America. I did not face any problems there, but I always had the feeling that I must do something for our villages. I do not feel I have made any sacrifice. Today, there is hardly anything I do other than work. It gives me the satisfaction no job can ever give," says Gyanesh, who feels India's acute power crisis must be solved efficiently with renewable resources.
The company is set to make profits by the end of this year and plans to light up villages in other states like Maharastra, West Bengal, Uttar Pradesh and Tamil Nadu.
Providing electricity to villages across India is just the beginning of Gyanesh's ambitious plan to transform rural India. The company has already taken up the initiative to educate 200 children from Tumkuha.