Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/301912124?client_source=feed&format=rss
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Sunday, April 28, 2013
Facebook CEO reaped $2.3B gain on stock options
SAN FRANCISCO (AP) ? Facebook CEO Mark Zuckerberg reaped a gain of nearly $2.3 billion last year when he exercised 60 million stock options just before the online social networking leader's initial public offering.
The windfall detailed in regulatory documents filed Friday saddled Zuckerberg, 28, with a massive tax bill. He raised the money to pay it by selling 30.2 million Facebook Inc. shares for $38 apiece, or $1.1 billion, in the IPO.
Facebook's stock hasn't closed above $38 since the IPO was completed last May. The shares gained 71 cents Friday to close at $26.85.
The 29 percent decline from Facebook's IPO price has cost Zuckerberg nearly $7 billion on paper, based on the 609.5 million shares of company stock that he owned as of March 31, according to the regulatory filing. His current stake is still worth $16.4 billion.
Zuckerberg, who started Facebook in his Harvard University dorm room in 2004, has indicated he has no immediate plans to sell more stock.
The exercise of Zuckerberg's stock options and his subsequent sale of shares in the IPO had been previously disclosed. The proxy statement filed to announce Facebook's June 11 shareholder meeting is the first time that the magnitude of Zuckerberg's stock option gain had been quantified.
The proxy also revealed that Zuckerberg's pay package last year rose 16 percent because of increased personal usage of jets chartered by the company as part of his security program.
Zuckerberg's compensation last year totaled nearly $2 million, up from $1.7 million last year. Of those amounts, $1.2 million covered the costs of Zuckerberg's personal air travel last year, up from $692,679 in 2011.
If not for the spike in travel costs, Zuckerberg's pay would have declined by 17 percent. His salary and bonus totaled $769,306 last year versus $928,833 in 2011.
Zuckerberg will take a big pay cut this year. His annual salary has been reduced to $1 and he will no longer receive a bonus, according to Facebook's filing. That puts Zuckerberg's current cash compensation on the same level as Google CEO and co-founder Larry Page, whose stake in his company is worth about $20 billion.
The Associated Press formula for determining an executive's total compensation calculates salary, bonuses, perquisites, above-market interest that the company pays on deferred compensation and the estimated value of stock and stock options awarded during the year. The AP formula does not count changes in the present value of pension benefits or stock option gains such as those recognized by Zuckerberg did last year.
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Fuel barge explosions underscore risks of fuel transportation
Alabama's fuel barge explosions were nothing more than an unfortunate accident, reports suggest. But the fuel barge explosions serve as a reminder that the distribution of often volatile energy resources comes with certain risks.
A massive explosion on one of the two barges on the Mobile River in Mobile, Ala., early Thursday morning. The fuel barge explosions come in the wake of a major oil pipeline spill in Arkansas and a longstanding debate over whether to transport heavy crude oil from Canadian tar sands.
John David Mercer/AP
EnlargeEarly reports suggest Wednesday's fuel barge explosions on the Mobile River in Alabama were an unfortunate accident, probably the result of a spark?igniting?a buildup of unrefined gasoline vapors.
Skip to next paragraphWhy It Matters
Energy: Fossil-fuel energy requires the transportation of large amounts of volatile fuels through a distribution network.
Environment: Although rare, fuel transportation spills have significant impacts on local water and air supplies.
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But the incident, which injured three people, refocuses attention on America's aging ? and sometimes fragile ? energy infrastructure. Coming on the heels of an oil pipeline spill in Arkansas and in the middle of a vociferous debate over whether to build a US pipeline for heavy crude oil from Canadian tar sands (also known as oil sands), it brings into question whether the system is up to the task of transporting the nation's newly growing energy wealth.
What are the safest means for transporting the large quantities of oil, natural gas, and gasoline we consume everyday? Do new forms of "unconventional" fuels require a new way of thinking about how we distribute those fuels??Is our energy distribution network capable of meeting today's demand?
"If we're going to integrate new sources of energy into our grid, and move towards energy purity where we?re not beholden to foreign sources, we?re going to have to invest in infrastructure," said John Pappas, interim director of?Texas A&M University's Energy Institute in College Station. "I think everyone realizes that."?
Saturday, April 27, 2013
Debris could be part of hijacked 9/11 jetliner, police say
A piece of wreckage from 9/11 believed to be one of the commercial jets that brought down the World Trade Center was uncovered near Ground Zero. Police have now turned the area into a crime scene. If the pieces contain human DNA, scores of victims who have never been positively identified may bring closure to many families. NBC's Stephanie Gosk reports.
By Shimon Prokupecz, NBCNewYork.com
A 5-foot-long chunk of airplane debris found near the World Trade Center site is believed to be a piece of landing gear from one of the planes that hit the towers more than 11 years ago, NBC 4 New York first reported.
Police confirmed Friday that?the part was found wedged between two buildings in a very narrow alley only about 18 inches wide between the rear of 50 Murray St. and back of 51 Park Place, the site where a mosque and community center has been proposed three blocks from ground zero.
See original report at NBCNewYork.com
The part bears a "Boeing" stamp, followed by a series of numbers, as seen in an exclusive photo obtained by NBC 4 New York.?
Police Commissioner Ray Kelly visited the alley Friday evening and viewed the debris from about 30 feet away.?
"It brings back terrible memories to anyone who's here, and obviously I think the families could very well be impacted by this finding," he said.?
Kelly described the piece as being about 5 feet by 4 feet and around 17 inches high, lying in a "very, very narrow, confined area."?
"It's difficult to get in there and see," he said.?
NYPD
The narrow alley in lower Manhattan where debris that might be pieces of landing gear from one of the commercial airliners destroyed on Sept. 11, 2001 was found.
He said there was rope intertwined in part of the gear, and there were no marks on the buildings indicating the piece hit the walls on the way down.
"It would have had to fall down at a certain angle," said Kelly.
Asked whether he was surprised to see such a large plane part anchored in such a tight area, Kelly said: "If you see how confined this space is, and you realize the chaos that existed down here on this street, it's not surprising. It's very, very confined. No cleanup went on in this 18-inch space between these two buildings."?
The NYPD said the landing gear was found after surveyors hired by the property owner inspecting the rear of 51 Park Place called police on Wednesday.
Police spokesman Paul Browne said the NYPD has?secured the location "as it would a crime scene," and investigators are photographing the scene and restricting access until the medical examiner completes a health and safety evaluation.
Officials said the soil below the piece of debris could also be searched for remains.?
Police officials say the part could be difficult to remove, and may require demolition work that would destroy the two surrounding buildings. Officials are expected to be back at the scene on Monday to see if it can be removed.
"It really is a historical artifact," Kelly said.
On Sept. 11, American Airlines flight 11 hit the north tower at 8:46 a.m., and United flight 175 hit the south tower at 9:03 a.m.
The rubble from the 9/11 attack was cleared from the 16-acre site by the spring of 2002. Other debris, including human remains, has been found scattered outside the site, including on a rooftop and in a manhole, in years since.
A Boeing representative declined comment.
NBC New York
The name Boeing and a serial number is visible on a piece of the debris.
This story was originally published on Fri Apr 26, 2013 4:43 PM EDT
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Moody's, S&P settle lawsuits over SIV investments
It's generally understood that in the Fox News and Glenn Beck breakup, Fox was the dumper and Beck the dumpee. But, in most breakups where the couple shares a social circle, neither party wants a reputation as the dumpee. Beck says he's the one who wanted to leave -- because the network was so depressing. "I remember feeling, 'If you do not leave now, you won?t leave with your soul intact,'" Beck said Friday, according to Forbes' Jeff Bercovici. Roger Ailes tried to talk him out of it. "Roger said to me, 'You're not going to leave.' And I said, 'I am. ...
Source: http://news.yahoo.com/moodys-p-settle-lawsuits-over-siv-investments-230711902.html
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Friday, April 26, 2013
WSCC Awards Convocation is May 3 - Ludington Daily News - News
Thursday, April 25, 2013
West Shore Community College will be recognizing students? academic achievements and awarding scholarships on Friday, May 3.The Student Awards Convocation will be held at 7 p.m. in the Center Stage Theater located in the Arts and Sciences Center and the public is invited to attend.
During the convocation, two students will be recognized as the outstanding nursing graduate and the outstanding graduate in liberal arts/sciences or career and technical education.
Approximately 100 students will be receiving over 170 scholarships offered through the college. The WSCC Foundation provides many of these scholarships through funds that are invested or raised by an annual fund drive or the major gifts campaign.
Service awards will also be presented to students who were active in various campus organizations during the 2012-13 academic year.
Along with students receiving their awards, WSCC alumnus Dr. Carolyn Brown, of the Manistee Veterinary Hospital, will be the distinguished alumni speaker.
Brown earned an Associate of Arts degree in 1998, with honors, from WSCC and she currently resides in Custer. She is a 1996 graduate of Mason County Eastern High School and the daughter of Philip and Ruth Sommerfeldt also of Custer.
Brown received her Doctorate of Veterinary Medicine degree in 2004 from Michigan State University. She has also completed coursework and training for veterinary acupuncture through the International Veterinary Acupuncture Society.
Prior to taking her position in Manistee, Brown worked at several veterinary hospitals around the country as a small animal associate veterinarian. She has also started a home-based business providing acupuncture treatments for dogs and cats. In August 2002, she was a Miracle of Life worker at the Michigan State Fair.
The annual convocation is held the week prior to commencement which will take place on May 10, at 7 p.m. in the campus Recreation Center.
Source: http://www.ludingtondailynews.com/news/70851-wscc-awards-convocation-is-may-3
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Mindscapes: The woman who was dropped into her body
Mindscapes is our new column on brain science with a difference: we meet people who live with the world's most mysterious neurological conditions
Name: Louise Airey
Condition: Depersonalisation disorder
"I feel like I have been dropped into my body. I know this is my voice and these are my memories, but they don't feel like they belong to me."
It happened out of the blue. Louise Airey was 8?years old, off sick from school, when suddenly she felt like she had been dropped into her own body. "It's just so difficult to verbalise what this feels like," she says. "All of a sudden you're hyper aware, and everything else in the world seems unreal, like a movie."
She panicked, but told no one. The feeling soon passed but returned several times until, at the age of 19, a migraine triggered a sensation of being disconnected from the world that was to last 18 months. When she was in her 30s she was diagnosed with depersonalisation disorder ? an altered sense of self with all-encompassing feelings of not occupying your own body, and detachment from your thoughts and actions. It has come and gone throughout her life, but since a traumatic pregnancy 20 months ago, these feelings have remained constant.
"Other people seem like robots," Airey says. "It's like I'm watching a film, like I'm on my own in the centre of everything and nothing else is real. I'll be speaking to my children and I'll catch my voice talking and it seems really alien and foreign. It makes you feel very separated and lonely from everything, like you're the only person that is real."
Not so rare
Depersonalisation disorder is not as rare as you might think, says Anthony David at King's College London and the Maudsley Hospital: it may affect almost 1 per cent of the British population (Social Psychiatry and Psychiatric Epidemiology, DOI: 10.1007/s00127-010-0327-7). We've all probably experienced mild versions of it at some point, in the unreal, spaced-out feeling you might get while severely jet-lagged or hung-over, for example. Now neuroscientists are beginning to uncover what goes wrong in those who persistently feel unreal. Their findings could tell us something about how we all form a sense of self, and potentially, bring a treatment for those who have the disorder.
The sense of self has much to do with our awareness of our physicality and how we interact with the outside world. The brain integrates all the information coming in from the external world and from internal sensations
There are probably several ways that change can occur, but Medford's work is looking at on the emotional detachment characteristic of depersonalisation. In people who have the disorder, areas of the brain that are key to emotion are much less active than normal. These people also show unusual autonomic physical responses to external stimuli, such as evocative images (Emotion Review, DOI: 10.1177/1754073911430135).
David and his colleagues are also looking at why people with depersonalisation disorder report emotional "numbing" ? the feeling that the world is somehow alien. They have found that some areas in the brain's frontal lobes, which help keep emotions in check, are overactive, or too controlling.
Living the scream
One symptom related to this skewed brain activity is the sensation of all sounds competing against each other to be heard. It's like living inside Edvard Munch's painting The Scream, Airey says, which some critics have suggested is about depersonalisation. "The person and the landscape are screaming, you can't get any peace."
Another area of the brain that appears to be less responsive in depersonalisation is the anterior insula, responsible for integrating physical and emotional sensations. This might explain why sufferers don't feel in touch with the world, Medford says.
It's not only the outside world that seems strange, says Airey. The disorder makes it almost impossible for her to relate to herself. "Everything that you're familiar with yourself ? your thoughts, your memories ? become alien," she says. "Memories of things you've done don't feel like they belong to you; it robs you of your past. I know rationally that they're my thoughts, my voice, my memories, but they're all wrong ? that why it's so frightening. It takes away the core of who you are."
Airey says she would investigate any potential treatment. There is an epilepsy drug, Lamotrigine, that has shown some promise when combined with an antidepressant in trials. Transcranial magnetic stimulation
"Rationally knowing that I'm real, that these memories are real, that my voice is my own, but not feeling like they all belong to me is somehow worse than being away with fairies," Airey says. "It's like I'm a sane person gone mad."
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