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.