Ouro deixa de ser refúgio preferido do investidor

Posted by DewRoc | Posted in Top Stories | Posted on 18-05-2012-05-2008

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O ouro tem brilhado menos para os olhos de alguns admiradores.

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Reuters

Em meio a 12 anos consecutivos de um alta histórica, os fãs se perguntam se o metal está prestes a desacelerar. A cotação do ouro já caiu 7% em relação ao auge atingido no fim de fevereiro e fechou sexta-feira a US$ 1.659.10 a onça-troy, e também esmoreceu a fanfarra em torno do ouro a US$ 2.000.

O ouro ainda está se beneficiando dos temores de que a economia mundial segue frágil, e da crença de que os governos vão lançar mais uma rodada de estímulo, o que desvaloriza o papel-moeda. Mas essa ideia tem sido enfraquecida pelos sinais de que a economia americana está se estabilizando, o que dá aos investidores novos motivos para acreditar que logo será possível obter retorno melhor com outras aplicações.

Desde o fim de fevereiro, fundos de hedge e de pensão, bem como outros administradores de ativos, cortaram em 39% suas aplicações em futuros de ouro. No mesmo período, eles também aumentaram em 87% suas aplicações na queda da cotação do metal.

“A motivação para aplicar no ouro está um pouco mais equilibrada” entre os riscos que tanto podem elevar como baixar a cotação, disse Osvaldo Canavosio, diretor de mercados emergentes e pesquisa sobre commodities da divisão de fundos da Man Investments, que administra US$ 11,2 bilhões e é parte do Man Group.

Qualquer pausa sustentada na alta do ouro pode ter consequências amplas para os investidores, e refletir uma nova fase da cambaleante recuperação desde a crise financeira que abalou os mercados em 2008. A cotação do ouro mais que dobrou desde o fim daquele ano, e também serviu como indício do desconforto dos investidores com a maneira empregada pelos governos mundiais para resolver a crise.

“Qualquer boa notícia econômica tem efeito negativo no ouro”, disse Neil Rose, diretor de investimentos da Cadinha and Co., uma firma de pesquisa sediada em Honolulu, no Havaí, que administra cerca de US$ 850 milhões principalmente para milionários.

A firma começou a aplicar no ouro vários anos atrás e investiu em fundos negociados em bolsa e garantidos por reservas de ouro, alocando de 8% a 10% da maioria das carteiras de seus clientes, disse ele. Mas os administradores de ativos da Cadinha ainda não ampliaram a aplicação em ouro este ano, enquanto analisam se estão mudando as condições conturbadas do mercado, que durante anos tornaram o metal uma maneira atraente de proteger o patrimônio. Rose disse que gostaria que a cotação do ouro caísse, por que isso significaria circunstâncias mais favoráveis para outros investimentos.

Há muito tempo que o ouro motiva debates parecidos, principalmente porque ele é difícil de valorizar e não gera renda. O metal tem sido usado recentemente como um santuário contra a desvalorização monetária causada pelos vários estímulos governamentais, e para os que preveem que tantas injeções de liquidez acabarão causando inflação.

No momento parece existir incerteza suficiente na economia e no mercado para o ouro continuar sendo um bom investimento. A cotação já subiu 6% em 2012, melhor que a Média Industrial Dow Jones. O metal subiu 2% semana passada depois da divulgação de dados negativos sobre a geração de emprego nos Estados Unidos, que alguns tomaram como sinal de que o Fed vai ter que imprimir mais dinheiro para continuar estimulando a economia — uma movimentação que os fãs dos lingotes têm previsto.

© 2011 Wall Street Journal (www.wsj.com)

Youths in normal families commit 65% of juvenile crimes in region

Posted by DewRoc | Posted in Top Stories | Posted on 18-05-2012-05-2008

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Abu Dhabi: Some 65 per cent of juvenile crimes in the Arab world are committed by youths in normal, balanced families, where parents are not divorced, participants at the Family Role in Modern Society conference heard on Wednesday.

Dr Ahmad Al Amoush, Dean of the College of Arts, Humanities and Social Sciences at Sharjah University, said this indicated that even balanced households needed attention.

The two-day conference aims to shed light on the challenges Emirati families are currently facing. The main contributing factors were attributed to globalisation and the opening up of households to numerous imported cultures from across the globe.

Dr Ahmad Wahdan, head of the Assisting Sciences Department and member of the Scientific Council of Policing Sciences at the Sharjah Academy, said the family offered "the first communication experience" a person has in life. He added that this experience would definitely affect a person’s entire life.

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"Communication between parents and children in Emirati families is cumulatively less than an hour per day," he added.

Leading causes

In a study on the leading causes behind juvenile crime in the Arab word, Al Amoush listed the absence of a father and the absence parental supervision and leadership.

"Divorce in the Arab world has reached 60-65 per cent. Peer pressure, [the] lack of positive role models, children copying their friends, a multitude of TV series that portray values which do not match those of Arab societies and [an] opening [up] to new technologies are all contributing factors to the problem," he explained.

According to Al Amoush, 85 per cent of young people in Arab societies prefer to communicate through chat rooms and social networks rather than face to face.

Dr Jasem Al Marzouqi, director of the Research and Studies Department at the Family Development Foundation, attributed the imbalance of values in the UAE society to the sudden opening up to the outside world, the significant decline in the Emirati population and an increasing expatriate workforce.

"Forty-five per cent of the UAE population is [made up of] youngsters, who will be the future generation. Therefore it is important to instil in them good behaviour and positive values to avoid future problems and divorce, which, according to a study by the Family Development Foundation in 2009, cost the UAE Dh800 million," Al Marzouqi said.

Al Marzouqi pointed to an alarming problem where parents are passing over the responsibility of raising their children to their housemaids.

He added that a drastic increase in the numbers of housemaids, who are reported to number 5 per cent of the UAE’s population, reflected an ever-increasing dependence by most families on maids and neglect for their children.

According to a 2007 study conducted by the Ministry of Interior and involving 3,000 families in Abu Dhabi, 19 per cent had four housemaids, 14 per cent had three, 15 per cent had two and 35 per cent had one. In Al Ain alone, 25 per cent of the families had four housemaids.

Al Marzouqi stressed on the importance of fostering awareness among families, instilling positive values, monitoring programmes that address youth and nurturing good behaviour amongst them.

Fact Box

The following emerged from another study led by Dr Ahmad Al Amoush, from Sharjah University, involving 190 children in the UAE:

© 2011 Gulf News (www.gulfnews.com)

United States country profile

Posted by DewRoc | Posted in Top Stories | Posted on 18-05-2012-05-2008

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The USA is the world's foremost economic and military power, with global interests and an unmatched global reach.

The original people of north America, who made up several distinct groups of native Americans, went into decline with the arrival of settlers and now constitute a minority of the population.

The early settlers came predominantly from the British Isles. Large numbers of black Africans were taken as slaves to work the plantations of the Americas, while millions of Europeans in search of political freedom and economic opportunity constituted a third stage of immigration.

Today, Asians from the Pacific rim and Hispanics from the southern Americas are among those seeking what their predecessors wanted – the promise of prosperity and freedom which remains one of the defining hallmarks of "the American dream".

Despite relative prosperity in recent years, the gap between rich and poor remains a major challenge. More than 30 million Americans live below the official poverty line, with a disproportionate percentage of these being African-Americans and Hispanics.

Furthermore, the global financial crisis of 2008 has left the US facing its most challenging set of economic circumstances since the Great Depression of the 1930s.

The terrorist attacks of September 11 2001 had a momentous impact as the country continued to re-define its role as the world's only superpower.

In October 2001 the US led a military campaign in Afghanistan which unseated the Taleban regime. However, the man thought to have inspired the 9/11 attacks, Al-Qaeda leader Osama Bin Laden escaped the operation and eluded the US until 2011, when killed in a US special forces operation in Pakistan.

In March 2003 Washington initiated military action in Iraq which led to the toppling of the Iraqi leader Saddam Hussein.

US foreign policy has often mixed the idealism of its "mission" to spread democracy with the pursuit of national self-interest.

Given America's leading role on the international stage, its foreign policy aims and actions are likely to remain the subject of heated debate and criticism, as well as praise.

© 2011 BBC News (www.bbc.co.uk)

Merkel’s party takes loss in state vote

Posted by DewRoc | Posted in Top Stories | Posted on 17-05-2012-05-2008

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Merkel’s conservative Christian Democratic Union had claimed about 26% of the vote in the state of Northrhein-Westphalia, which includes the cities of Cologne, Bonn and Dusseldorf, according to returns aired by the German broadcasters ZDF and ARD. The center-left Social Democrats were leading with 39%, while their expected coalition partners the Greens were running at 11%.

The results are likely to be seen as a blow to Merkel’s leadership, although the vote won’t affect the balance of power in Germany’s federal parliament.

Environment Minister Nortbert Roettgen, who had sought the state governorship on behalf of the Christian Democrats, took responsibility for what commentators were calling the worst loss for the party in the state’s history.

“This defeat is bitter. It is clear and it really hurts,” Roettgen told ARD. “I lost this election. It was my campaign, and my topics.”

Northrhein-Westphalia is a longtime Social Democrat stronghold, and it was a 2005 win by the CDU that spurred the early elections that brought Merkel to office later that year.

Sunday’s vote came a week after the CDU suffered losses in the northern state of Schleswig-Holstein, and after anger at German-backed European austerity policies contributed to the ouster of French President Nicolas Sarkozy and the Greek government.

Greek government talks turn ugly

But Josef Joffe, editor of the German weekly Die Zeit, said he expected Merkel to win a new mandate in the country’s next federal elections, expected in 2013.

“There is no revolt the way you had a revolt on the left in France or the kind of revolt you had on the kind of neo-Nazi right and ultra left in Greece,” Joffe told CNN’s “Fareed Zakaria GPS.”

Egyptian Candidate’s Broad Appeal Has Risks

Posted by DewRoc | Posted in Top Stories | Posted on 17-05-2012-05-2008

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In Egypt, a one-time leader of the Muslim Brotherhood is emerging as a leading candidate in this month’s presidential election. He’s considered a moderate Islamist who appeals to secular and religious Egyptians. But, as we hear from reporter Merrit Kennedy in Cairo, the candidate is walking a tightrope trying to stay true to his agenda.

Six Products, Six Carbon Footprints

Posted by DewRoc | Posted in Top Stories | Posted on 16-05-2012-05-2008

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A new concept is entering the consumer lexicon: the carbon footprint.

First came organic. Then came fair trade. Now makers of everything from milk to jackets to cars are starting to tally up the carbon footprints of their products. That’s the amount of carbon dioxide and other greenhouse gases that get coughed into the air when the goods are made, shipped and stored, and then used by consumers.

In the Gelsi household, reducing their carbon footprint is a family affair — they even wrote a musical about it. MarketWatch reporter Steve Gelsi offers tips for saving the environment and saving money while doing so. (Oct. 6)

So far, these efforts raise as many questions as they answer. Different companies are counting their products’ carbon footprints differently, making it all but impossible for shoppers to compare goods. And even if consumers come to understand the numbers, they might not like what they find out.

For instance, many products’ global-warming impact depends less on how they’re made than on how they’re used. That means the easiest way to cut carbon emissions may be to buy less of a product or use it in a way that’s less convenient.

So, what are the carbon footprints of some of the common products we use? How are they calculated? And what surprises do they hold? What follows is a look at six everyday items — cars, shoes, laundry detergent, clothing, milk and beer — and the numbers that go with them.

But first, here’s a number that will help you put all those carbon footprints in perspective. The U.S. emits the equivalent of about 118 pounds of carbon dioxide per resident every day, a figure that includes emissions from industry. Annually, that’s nearly 20 metric tons per American — about five times the number per citizen of the world at large, according to the International Energy Agency.

An Overview

[Carbon Footprinting]
  • PODCAST: Jeff Ball offers an overview of carbon footprinting, including consternation among retailers and questions about how consumers will react.

The Journal Report

[The Journal Report: Environment]

Now, let’s take a closer look at those six products.

CARS

The simplest statistic in the carbon-footprinting game may be this: For every mile it travels, the average car in the U.S. emits about one pound of carbon dioxide. Given typical driving distances and fuel-economy numbers, that translates into about five tons of carbon dioxide per car per year.

A study by the University of Michigan’s Center for Sustainable Systems found that, over its expected 120,000-mile life, an American-made midsize sedan emits the equivalent of about 63 tons of carbon dioxide. That number includes all emissions, from the making of the car’s raw materials, such as steel and plastic, through the shredding of the car once it’s junked.

The vast majority of those emissions — 86% — came from the car’s fuel use, the study found. Just 4% of emissions came from making and assembling the car. That means consumers can lower their footprint by buying a car with better fuel economy.

Sometimes, the differences between models can be substantial. For one overview of how cars stack up, consider a new computer model paid for by Toyota Motor Corp.

that computes the lifetime carbon footprints of about 400 auto models from multiple manufacturers.

To narrow things down, consider a handful of Toyota’s own models. The Prius, a hybrid gasoline-and-electric car that averages 42 miles per gallon, has a lifetime carbon footprint of 44 metric tons, according to the updated computer model done for Toyota by Kreider & Associates, a consultant based in Boulder, Colo. The Corolla, a small sedan with a conventional gasoline engine rated at 29 miles per gallon, has a footprint of 64 tons. The Camry, a larger car rated at 23 miles per gallon, has a footprint of 95 tons. And the 4Runner, an SUV rated at 16 miles per gallon, has a footprint of 118 tons.

Gregory Keoleian, co-director of the Michigan center, says he used to advise people that the best way to minimize the carbon footprint of their driving was to keep their car as long as possible, since junking a car and manufacturing a new one produces pollution. But that was before hybrids hit the market and offered markedly better fuel economy. Now, he says, scrapping an old car in favor of a new model makes lots of sense.

The introduction of the hybrid “changes the whole dynamic,” Mr. Keoleian says. “Then, you replace.”

SHOES

You may think you’re at one with nature going for a walk in the woods in your sturdy hiking boots. But those boots pack a lot of carbon. The big reason: the leather.

Timberland Co.,

a Stratham, N.H., shoe company with an outdoorsy image, has assessed the carbon footprint of about 40 of the shoe models it currently sells. The results range from about 22 pounds to 220 pounds per pair. Each of the shoes that has been carbon-footprinted comes with a label assessing its greenhouse-gas score on a scale of zero, which is best, to 10, which is worst.

Flip-flops tend to have footprints of 22 pounds to 44 pounds, says Pete Girard, senior analyst for environmental stewardship at Timberland. Shoes typically range from 66 pounds to 132 pounds. Hiking boots typically pack between 154 and 198 pounds, Mr. Girard says.

Though Timberland produces many of its shoes in Asia and sells them in the U.S., it has found that transportation typically accounts for less than 5% of the carbon footprint. By far the biggest contributor is the shoe’s raw material. “For most Timberland shoes,” says Betsy Blaisdell, Timberland’s manager for environmental stewardship, “leather really drives the score.”

The average dairy cow produces, every year, an amount of greenhouse gas equivalent to four tons of carbon dioxide, according to U.S. government figures. Most of that comes not from carbon dioxide, in fact, but from a more-potent greenhouse gas: methane.

The cow’s impact on the atmosphere is due largely to a process known scientifically as “enteric fermentation” — and colloquially as burping. A cow’s multiple stomachs make it particularly efficient at transforming feed into bovine products: meat, milk and hide. But all that churning also produces lots of methane — a greenhouse gas that, pound for pound, is 25 times as damaging to the atmosphere as carbon dioxide, according to the United Nations. Converting those methane emissions into a carbon-dioxide-equivalent number is one step in calculating the cow’s carbon footprint.

Take Timberland’s Winter Park Slip On Boot. They’re casual boots — not as heavy as hiking boots — but their uppers are all leather. Their footprint sits in the middle of the Timberland range, at 121 pounds per pair. Of that total, 8.5 pounds comes from the electricity used to make the boots at Timberland’s factory in China’s Guangdong Province. The remaining 112.5 pounds comes from the raw materials used to make the shoe: rubber for the outsole; ethyl vinyl acetate, or EVA, for the midsole; and, most of all, leather for the upper.

[The Journal Report: Environment]

To come up with these numbers, Timberland first gets data from the factory on the amount of electricity the factory uses in a given period. Dividing that by the number of shoes the factory produces in that period yields a per-shoe energy-consumption figure.

Timberland then checks those figures against tables that list average carbon-dioxide emissions per unit of energy produced. The tables are tailored to the specific power-plant fuel mix in the area where the factory sits. In China, which makes much of its power by burning coal, the carbon hit is greater than in, say, France, which makes most of its electricity with nuclear power.

The harder part for Timberland is figuring out the emissions that come from the part of the process it doesn’t control: the production of the raw materials before they get to the Timberland factory. Timberland gets that information from the databases of “life-cycle analysis” consultants, who put together tables showing the environmental impacts of producing given amounts of various materials, from rubber to polyester to leather.

Timberland’s carbon-footprint calculations have prompted spats with some of Timberland’s leather suppliers, Ms. Blaisdell says. They argue the carbon hit from a cow should fall not on their ledger, but on the ledger of beef producers. The leather producers reason that cows are grown mainly for meat, with leather as a byproduct, so that growing leather doesn’t yield any emissions beyond those that would have occurred anyway.

But Timberland has determined that 7% of the financial value of a cow lies in its leather. And life-cycle-analysis guidelines used by Timberland say the company should apply that percentage to compute the share of a cow’s total emissions attributable to the leather. “We’ve had a lot of battles with our leather suppliers over this,” Ms. Blaisdell says. Timberland officials, she says, “just follow the guidelines.”

Timberland officials concede shortcomings with their method. By using an average energy-consumption number for all pairs of shoes, the calculations fail to recognize that some shoes require more electricity to assemble in the factory than do others. And Timberland’s calculations omit the carbon impact of the leather and other materials that fall to the cutting-room floor.

“No question, it’s crude in some ways,” Mr. Girard says. “But it’s a step more information than our designers were making a decision on before.”

LAUNDRY DETERGENT

The recipe for a low-carbon load of laundry: Use liquid detergent instead of powder, wash your clothes in cool water and hang them out to dry.

That’s the message shoppers get when they walk down the detergent aisles at Tesco PLC stores in the U.K. Starting this spring, the retailer began slapping footprint-shaped carbon labels on Tesco-brand laundry detergent. Along with the carbon-footprint number, the label offers tips about lowering the score.

The carbon footprint of a load of laundry done with Tesco detergent varies from 1.3 pounds to 1.9 pounds, depending on what form of detergent is used, the labels report. According to Procter & Gamble Co., the average American family does about 300 loads of laundry per year, or about six loads per week. That suggests a per-family carbon footprint from doing laundry of about 480 pounds per year, or about 10 pounds per week. And that doesn’t include running the dryer.

Solid capsules of detergent have the highest carbon footprint, according to Tesco. Powder has a slightly lower footprint; liquid has a lower one still; and concentrated liquid has the lowest of all. That’s because making solid detergent uses more energy than making the liquid variety.

But consumers who care about their carbon emissions should do more than switch detergent forms, the labels advise. Doing the wash in cooler water — 86 degrees Fahrenheit instead of 104 degrees — will shave the carbon footprint of each load by 0.3 pounds. That’s as much of a reduction as you get from switching to liquid from powder.

The biggest way to cut the environmental impact of cleaning clothes, however, is to stop using a clothes dryer. Drying laundry outside on a line, Tesco says, will cut the carbon footprint of every load by a whopping 4.4 pounds.

Along with detergent, Tesco labels store-brand orange juice, light bulbs and potatoes. To trace the carbon footprints, Tesco uses data from its suppliers and information from life-cycle-analysis databases. The retailer is labeling products from its own brands first because those were the ones it could most easily control. But Tesco is considering labeling other brands, as well as expanding the effort to its U.S. stores, which operate under the Fresh & Easy name.

The suppliers that make the labeled products “don’t see a risk” in publicizing information about the environmental impacts of their products, says Katherine Symonds, Tesco’s sustainability manager. For one thing, all forms of the detergent come from the same suppliers, so those suppliers wouldn’t necessarily be hurt if consumers shifted from one form to another.

Ms. Symonds adds that Tesco carefully picked for its initial labels products whose carbon footprints likely wouldn’t shock consumers. The retailer purposely avoided labeling the carbon footprint of beef, for instance, because beef’s carbon footprint is significantly higher than that of many other foods.

If Tesco had presented consumers “with a message that was so counterintuitive and difficult,” Ms. Symonds says, “we might have found it difficult to take carbon labeling forward.”

JACKETS

Patagonia Inc.’s

Talus jacket looks like a naturalist’s dream. In fact, its carbon footprint is 66 pounds. That, Patagonia notes on its Web site, is 48 times the weight of the jacket itself.

Over the past year, the Ventura, Calif., outdoor-equipment maker has computed and posted on its Web site the carbon footprints of 15 of its products. Because most of Patagonia’s products are made in Asia or Latin America and sold in the U.S., the company expected that a big chunk of the carbon footprints came from transportation. It was wrong.

The fabric for the Talus is made in China, the zippers come from Japan, and the jacket is sewn in Vietnam. Yet all that transportation adds up to less than 1% of the product’s total carbon footprint, Patagonia says. The majority of the footprint — 71%, or about 47 pounds — comes in producing the polyester, which originates with oil.

“If we had listened to the rhetoric out there at the time, which was all around miles, we could have spent years rearranging our supply chain to reduce transportation, when really that’s not the bulk of our concern,” says Jill Dumain, Patagonia’s director for environmental analysis. “There’s a lot of reasons to have a tight supply chain, but environmentalism isn’t one of them.”

One way to slash the Talus jacket’s carbon footprint would be to make it with recycled, rather than virgin, polyester. But when the jacket was being developed, the company that makes the fabric, Polartec LLC,

of Lawrence, Mass., couldn’t find the right kind of recycled yarn in Asia, says Nate Simmons, director of marketing for the fabric maker.

Polyester yarn with recycled content is more widely available in the U.S. than in Asia, he says, and Polartec uses it to make some fabric for Patagonia. But the Talus is a particularly complicated jacket, because its material fuses together a weather-resistent outer layer with a warm inner layer.

At the time the Talus was being developed, using recycled material would have required either making the fabric in the U.S. or shipping U.S.-made recycled-content yarn to Asia to be made into fabric. “It would have been extremely expensive,” Mr. Simmons says. “Probably very few people would have bought it. And it wouldn’t have had much of a positive

impact because of that.”

The bottom line: In making the Talus, Patagonia decided that cost concerns outweighed environmental concerns. “Consumers are starting to put environmental values into their purchasing decisions, but it doesn’t always translate into their being willing to pay a higher price,” Patagonia’s Ms. Dumain says.

[The Journal Report: Environment]
John Weber

Some Patagonia products — generally ones whose fabric isn’t as complex as the Talus’s — are made with recycled-content fabric. Among them is the Eco Rain Shell, which has a carbon footprint of just 15 pounds, Patagonia says. But the Eco Shell has a different environmental problem: A byproduct of manufacturing the material that makes the jacket water-repellent is perfluorooctanic acid, a substance that Patagonia says has been found accumulating in humans and animals and that scientists say could pose health risks.

Patagonia lays out this conundrum on its Web site, saying it “reflects the complexities involved” in balancing concern for the environment with the need for performance.

MILK

Several studies of milk’s carbon footprint are under way in the U.S. Each has come up with a different number, largely because each is counting things differently.

A recent study by National Dairy Holdings, a Dallas-based dairy, found that the carbon footprint of a gallon of its milk in a plastic jug is either 6.19 pounds or 7.59 pounds. The difference rests in what kind of cases the jugs are placed in during transport from the milk-processing plant to the distribution center. Plastic cases, because they take more energy to produce, yield more carbon-dioxide emissions than do cardboard ones.

But National Dairy Holdings’ study doesn’t count all the emissions created by a gallon of milk. It includes those from the cows themselves (more than half of the total), from the processing of the milk and from the transport of the milk to a distribution center. It doesn’t count the emissions earlier in the process: growing the cows’ feed. Nor does it count the emissions later in the process: transporting the milk from the distribution center to the store and refrigerating it there.

That’s because National Dairy Holdings did its study largely at the request of Wal-Mart Stores Inc., a big customer, which is trying to prod environmental improvements in its supply chain. So, National Dairy Holdings measured only its piece in the supply chain, explains Howard Depoy, the dairy’s director of power, refrigeration and sustainability. That’s “the CO2 that we can control and manage,” Mr. Depoy says.

Aurora Dairy Corp.’s Aurora Organic Dairy, a small organic-milk producer based in Boulder, Colo., is finishing a more-complete study of the carbon footprint of its milk. Its study, done by researchers at the University of Michigan’s Center for Sustainable Systems, attempts to include emissions all the way from growing the cattle feed to refrigerating the processed milk in the store. The preliminary findings are that producing a half-gallon of Aurora’s milk generates the equivalent of 7.2 pounds of carbon dioxide. That’s essentially the same amount as the National Dairy Holdings study concluded is produced by an entire gallon of National Dairy Holdings’ milk. But the National Dairy Holdings study left out much of the process that the Aurora study included.

Both studies found that the single biggest chunk of emissions from milk production comes from all that action in the cow’s gut. Now, the U.S. dairy industry’s main trade group, Dairy Management Inc., is launching yet another study of milk’s carbon footprint. It plans a complete measurement akin to Aurora Organic Dairy’s.

The dairy industry doesn’t plan to put carbon-footprint labels on milk cartons, says Rick Naczi, an executive vice president for Dairy Management. “It’s something that would be very, very difficult to make understandable to consumers,” he says.

BEER

When New Belgium Brewing Co. set out last year to compute the carbon footprint of a six-pack of its Fat Tire Amber Ale, it figured it would find transportation was the biggest problem. That’s the emission source New Belgium thinks about most often. The microbrewer, based in Fort Collins, Colo., has been expanding into more states, necessitating more trucking of its beer.

When the numbers came in this summer, they showed that a six-pack’s carbon footprint was about seven pounds. The real surprise was where the bulk of that number came from: the refrigeration of the beer at stores. Transportation came in fourth, behind manufacturing the glass bottles and producing the barley and malt. “It seems that in every [carbon-footprint study] I’ve come across, people are surprised,” says Jennifer Orgolini, New Belgium’s sustainability director.

Now, New Belgium is considering switching to bottles with more recycled glass, because making them consumes less fuel. It’s also considering buying barley and malt produced organically, rather than with chemical fertilizers, which are big emitters.

Refrigeration poses a tougher problem. Stores selling Fat Tire aren’t owned by New Belgium, so even if the brewer wanted them to stop refrigerating the beer, they might not do so.

There are smaller potential fixes. Many stores could switch from less-efficient, open-front beer chillers to more-efficient models enclosed by clear doors. But that presents its own hurdle, Ms. Orgolini notes: “People don’t want to have to open the door.”

—Mr. Ball is The Wall Street Journal’s environmental news editor, based in Dallas.

Write to Jeffrey Ball at jeffrey.ball@wsj.com

© 2011 Wall Street Journal (www.wsj.com)

A Hood Made in Hollywood

Posted by DewRoc | Posted in Top Stories | Posted on 16-05-2012-05-2008

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Organized crime and motion pictures grew up together in America during Prohibition. Hollywood was quick to glamorize mobsters of the 1920s and ’30s—iconic hoodlums such as Chicago’s Al Capone and New York’s Lucky Luciano—through fictional portrayals by tough-guy actors: Edward G. Robinson, James Cagney, Humphrey Bogart. But Los Angeles didn’t get its own real-life equivalent until close to World War II, when the city’s residents began to read headlines about local boy Mickey Cohen. In the words of his gifted biographer Tere Tereba, he was “a dangerous man, full of bluster, violence, charm, greed, grandiosity, obsession, deception, chutzpah, and occasionally self-realization.” In “Mickey Cohen: The Life and Crimes of L.A.’s Notorious Mobster,” she dubs him “the most brazen and colorful gangster of them all.”

Born in 1913 in Brooklyn, N.Y., of Russian-Jewish immigrant parents, Cohen, following his father’s early death, was raised in the Boyle Heights section of Los Angeles: “a sun-drenched variation of Manhattan’s Lower East Side.” He grew up under the malign influence of a hustling older brother. Little Mick earned his first arrest at age 8, for assaulting a cop, and by 10 he was a veteran of two reform schools. He turned a job as a newsboy into a two-stage racket: “Streetwise vendors, who paid high premiums for coveted corners, began hiring Mickey Cohen as protection,” Ms. Tereba writes. “By fourteen, Mickey began taking over key corners. . . . If the vendors didn’t capitulate to his demands—and work for him—he would beat them.” The youngster took inspiration from the special-edition stories that he hawked, vowing that he’d make his own headlines someday. “When it came to money and ink,” says Ms. Tereba, “Mickey Cohen was insatiable.”

After apprenticing as a boxer, gambler, strong-arm man and stickup artist in Cleveland and Chicago, Cohen returned to Los Angeles in 1937 and came under the mentorship of Ben “Bugsy” Siegel, the handsome, blue-eyed hoodlum bent on establishing a fiefdom along L.A.’s unincorporated Sunset Strip. Siegel hired Mickey to kill or co-opt the competition. But in time he would alienate his Eastern mob associates, creating the chance for Cohen to take over his turf. Of Siegel’s 1947 assassination in a Beverly Hills mansion, Ms. Tereba asserts: “Beyond a doubt, Mickey Cohen was complicit in the plot.”

Judging from Ms. Tereba’s account, there wasn’t much he wasn’t complicit in. Blackmail, extortion, prostitution, loan-sharking, black-marketeering and narcotics were said to be among the business pursuits of this 5-foot-5 villain, whose lifelong motto was: “Anything to make a buck.”

Mickey Cohen: The Life and Crimes Of L.A.’s Most Notorious Mobster

By Tere Tereba

(ECW Press, 323 pages, $29.95)

The author does a superb job of tracing the ins and outs of Hollywood’s gang world in the 1940s and ’50s. Along the way, she provides indelible glimpses of such figures as notorious Cohen associate Johnny Stompanato (whose actress-wife testified in divorce court that he tried to strangle her mother when she mislaid his handkerchiefs). Cohen gang-member Willie “Stumpy” Zevon “handled volume bets and dice games and had an infant son later famous as ’70s rock star Warren Zevon.” Cohen’s 1959 companion, stag-film-star-turned-stripper Candy Barr, was “a dirt-poor, down-home girl from a Texas whistle-stop.” Ms. Tereba writes. “What she lacked in proper education, she made up for in carnal knowledge.”

Even with such a supporting cast, Cohen had the leading role: He emerged unscathed from nearly a dozen attempts on his life and unindicted from murder scenes at which he was present, all the while remaining a public figure: making the rounds of the Sunset Strip’s hot spots at night, hanging out by day at his own Brentwood ice-cream parlor. Many perceived Cohen more as a lovable Damon Runyon character than as a sinister Scarface. “I liked him,” said novelist Budd Schulberg. “He was . . . affable. Warm and cordial.” Journalist Al Aronowitz later observed: “The truth is I fell for him hard. He was a showman. Oh, I know he killed people . . . and he was just plain no good. . . . But mostly I liked Mickey because he was fun.”

By 1949, Ms. Tereba writes, “the pudgy, squat-legged former prizefighter was . . . as much a part of the local color as movie stars, palm trees, and smog.” Celebrities such as Judy Garland, Frank Sinatra and Peter Lawford asked him for (and granted him) favors. The Rev. Billy Graham more than once tried to convert him. In 1951, when a cash-strapped Cohen put his personal possessions up for auction, police were required at the klieg-lighted affair to handle a crowd estimated at 10,000.

The wise guy made enemies, too, of course—powerful ones. After Cohen defamed L.A.’s police chief William Parker on Mike Wallace’s “Nightbeat” TV show in 1957 (Cohen called Parker a “known alcoholic . . . a sadistic degenerate of the worst type”), Parker and a colleague sued ABC (though not Cohen himself) for $3 million. Cohen answered flippantly when Robert F. Kennedy questioned him during a 1959 televised Senate hearing on labor-union corruption. “What does it mean to have someone’s lights put out?” Kennedy asked. “Lookit, I dunno what you’re talking about,” Cohen answered. “I’m not an electrician. . . . I got nuthin’ to do with electricity.” The future attorney general had to be restrained from throwing a punch at the mobster. The Feds and the LAPD later joined forces to send Cohen away for income-tax evasion—a development that stalled but didn’t quite end his criminal career.

Ms. Tereba brings flair and a tone of appalled fascination to her thorough and lively study of “the man who plundered Los Angeles” before dying of stomach cancer in 1976. The man himself was modest about the disproportionate West Coast fame he achieved. “See, I have been blown up in the Hollywood way,” Cohen wrote in his autobiography. In any other city, he would have just been “an ordinary high-rolling gambler.” But, he concluded—as had so many other L.A. observers, from Raymond Chandler to Evelyn Waugh—”it’s a different situation out here.”

Mr. Nolan is the author of “Artie Shaw, King of the Clarinet: His Life and Times.”

© 2011 Wall Street Journal (www.wsj.com)

EPA approves Blackfeet Tribe’s Water Quality Standards program

Posted by DewRoc | Posted in Top Stories | Posted on 16-05-2012-05-2008

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Release Date: 05/02/2012Contact Information:

EPA approves Blackfeet Tribe’s Water Quality Standards program
Clean Water Act program a foundation for pollution control and watershed management
Contacts: George Parrish, 303-312-7027, parrish.george@epa.gov; Lisa McClain-Vanderpool, 303-312-6077, mcclain-vanderpool.lisa@epa.gov; Tribal contact: Barry Adams, 406-338-7421, badams@3rivers.net

(Denver, Colo. – May 2, 2012) – The Blackfeet Tribe of the Blackfeet Indian Reservation in north-central Montana has been granted the authority by the U.S. Environmental Protection Agency to administer the Water Quality Standards program under the Clean Water Act (CWA). With this approval, the Tribe likewise is authorized to administer water quality certifications conducted under CWA Section 401.
“EPA is excited to have the Blackfeet as a Clean Water Act partner in protecting the rivers, lakes and wetlands that are vital resources for the Tribe,” said Jim Martin, Regional Administrator of U.S. EPA’s Region 8 (Denver) office. “EPA’s approval reflects the Tribe’s effort to build the expertise and capacity to manage water quality on the Reservation.”
The Clean Water Act’s goals include restoring and protecting the chemical, physical and biological integrity of the nation’s waters. Water quality standards established under the CWA set the Tribe’s expectations for Reservation water quality, serve as a foundation for pollution control efforts and are a fundamental component of watershed management. Specifically, these standards serve as water quality goals for individual surface waters, guide and inform monitoring and assessment activities, and provide a legal basis for permitting and regulatory pollution controls (e.g. discharge permits).

EPA’s approval of the Tribe’s Water Quality Standards program application is not an approval or disapproval of the Tribe’s standards. EPA review and approval or disapproval of specific standards is a separate Agency action.

The Tribe’s current water quality standards include designated uses, narrative and numeric criteria to protect those uses, and an anti-degradation policy, all consistent with EPA’s Water Quality Standards Regulation at 40 C.F.R. Part 131. The uses and criteria are similar to the State of Montana’s standards. The Tribe developed water quality standards, and held a public hearing in 2005. The Tribe plans to revise its standards, conduct a public hearing, and submit their revised standards to the EPA for review during the summer/fall of 2012.

The Blackfeet Tribe is the fourth tribe in Montana to obtain authority to administer the Water Quality Standards program. The Confederated Salish and Kootenai Tribes of the Flathead Indian Reservation and the Assiniboine and Sioux Tribes of the Fort Peck Indian Reservation currently have standards in effect under the Clean Water Act. The Northern Cheyenne Tribe of the Northern Cheyenne Indian Reservation received authority for the Water Quality Standards program in 2006.

The Blackfeet Nation, based in Browning, Mont., includes 3,000 square miles and has a population of about 10,000, including about 8,500 enrolled members.

For more, visit: http://www.blackfeetnation.com/

For more information including a fact sheet, public notice and copies of the Tribe’s application materials, please visit: http://www.epa.gov/region8/water/wqs/blackfeet.html
For more information regarding the U.S. EPA’s strategy for reviewing Tribal eligibility applications to administer EPA regulatory programs, please visit: http://www.epa.gov/tribalportal/laws/tas.htm

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Published by: United States Environmental Protection Agence (EPA) (yosemite.epa.gov)

Technology Forum begins at KFUPM today

Posted by DewRoc | Posted in Top Stories | Posted on 15-05-2012-05-2008

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By SIRAJ WAHAB | ARAB NEWS STAFF

Published: May 14, 2012 23:03
Updated: May 14, 2012 23:03

Dhahran: A high-profile forum beginning at King Fahd University of Petroleum and Minerals (KFUPM) today will focus specifically on building a knowledge economy.

Organized by KFUPM with the support of Rector Khalid S. Al-Sultan, it is known as “KFUPM Technology Forum.” This is the second consecutive year that such a conference is being organized by the university innovation and technology arm, Dhahran Techno Valley.

“The forum, to run for two days, aims to bring together representatives of universities, industries, funding and policy-making organizations along with technology transfer specialists and private capital investors,” said Samir A. Al-Baiyat, supervisor, Dhahran techno Valley.

The real force behind the key conference is Iyad T. Al-Zaharnah. He is the director of Innovation Center at Dhahran Techno Valley. “International and local experts will present, exchange and discuss ideas/issues related to technology transfer from universities and university-industry partnerships for building a future Saudi knowledge economy,” he told Arab News yesterday.

“The forum will include a variety of activities that explore into what is needed to create hubs for innovation at the campuses of Saudi universities and develop high-performance technology incubation eco-environments. This includes all the main phases of a technology product cycle – the research-based innovation, the technology business planning, the technology business growth and the technology venture investment and capitalization,” said Al-Zaharnah.

The forum activities, he said, are designed to highlight the roles of university-industry research and development collaborations, the technology-related venture investments, the technical support and infrastructure (engineering, manufacturing, IT, etc.) for technology development and transfer in Saudi Arabia.

Highlighting the specific objectives of the conference, Al-Zaharnah said it aims to identify the impediments hindering effective technology development/transfer in Saudi Arabia. Speakers, including some of the well-known names in the world of innovation, will shed light on the requirements for creating favorable environments that bring Saudi Arabia large piece of the world R&D related foreign direct investment.

“It is anticipated that outcomes of the forum will provide an insight to the actual challenges facing technology transfer from universities and building effective university-industry technology partnerships in Saudi Arabia,” said Al-Zaharnah.

KFUPM Rector Khalid S. Al-Sultan will deliver the opening address today at 9 a.m.

Among the speakers at the conference will be Sahel N. Abduljauwad, vice rector for applied research, KFUPM; Gasem S. Al-Shaikh, CEO, Petroleum, Chemicals and Mining Company Ltd.; Clive Rowland, CEO, University of Manchester Innovation Group; Dave Clark, director, Dhahran Research and Technology center, Baker Hughes; Halim Hamid Redhwi, vice president, Dhahran Techno-Valley Company and Amjad Shaikh, technology transfer executive, Dhahran Techno Valley.

Tomorrow, there will be a cafe style session at 1:30 p.m. where the attendees are expected to discuss the formation of a regional association for technology transfer. “This is going to be a very interesting session,” said Al-Zaharnah.

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© 2011 Arab News (www.arabnews.com)

Nina Wang forged will case begins

Posted by DewRoc | Posted in Top Stories | Posted on 15-05-2012-05-2008

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The criminal case against Tony Chan, the fengshui master accused of forging the will of Nina Wang, once Asia's richest woman, has begun in Hong Kong.

Mr Chan fought for years to inherit the property tycoon's multi-billion dollar fortune after she died of cancer in 2007.

But a court dismissed his claims to the inheritance last year.

The preliminary inquiry revives one of the city's most colourful and high-profile legal sagas.

The case of the eccentric billionaire widow and her alleged younger lover created a media frenzy, says the BBC's Julianna Liu in Hong Kong.

Mr Chan had tried to persuade judges that Ms Wang had left her entire fortune to him.

But a court ruled in favour of a charity run by Ms Wang's siblings, Chinachem Charitable Foundation Ltd, whose claim to her estate rests on a will from 2002.

The Hong Kong government has accused Mr Chan of forging the will he used to claim Ms Wang's estate.

He wants to stop the trial, saying the document was destroyed by forensic tests.

Such is the importance and complexity of the case that the government has brought in a specialist barrister from London to lead the prosecution, says our correspondent.

Ms Wang, who was 69 when she passed way, was known for her pig-tails, short skirts and colourful dress sense.

She was the widow of Hong Kong industrialist Teddy Wang, who disappeared in 1990 after being kidnapped.

© 2011 BBC News (www.bbc.co.uk)