Showing posts with label World. Show all posts
Showing posts with label World. Show all posts

S&P 500 at five-year high with boost from data, eBay

NEW YORK (Reuters) - Stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace eBay .


The number of Americans filing new claims for unemployment benefits fell to a five-year low last week and housing starts jumped last month to the highest since June 2008.


Strength in the housing and labor markets is key to sustained growth and higher corporate profits. Job market improvement helps stimulate consumer spending while a recovery in housing means more purchases of appliances, furniture and other household goods as well as a source of employment.


The S&P is on track for its third consecutive advance, which pushed the index above an intraday peak set in September to its highest since December 2007. The PHLX semiconductor index <.sox>, up 1.7 percent, reached its highest level in eight months.


"Having consolidated really for the last two weeks, the fact that we broke out, I think that that's sucking in quite a bit of money," said James Dailey, portfolio manager of TEAM Asset Strategy Fund in Harrisburg, Pennsylvania.


In the housing sector, PulteGroup Inc shares gained 4.9 percent to $20.29 and Toll Brothers Inc advanced 3.1 percent to $35.99. The PHLX housing sector index <.hgx> climbed 2.2 percent.


The Dow Jones industrial average <.dji> was up 110.01 points, or 0.81 percent, at 13,621.24. The Standard & Poor's 500 Index <.spx> was up 10.96 points, or 0.74 percent, at 1,483.59. The Nasdaq Composite Index <.ixic> was up 22.52 points, or 0.72 percent, at 3,140.07.


EBay's shares rose 2.7 percent to $54.33 a day after it reported holiday quarter results that just beat Wall Street expectations. It gave a 2013 forecast that was within analysts' estimates.


Gains were tempered somewhat by weakness in the financial sector, with Bank of America down 4.3 percent to $11.27 and Citigroup off 3 percent to $41.22 after they posted their results.


Bank of America's fourth-quarter profit fell as it took more charges to clean up mortgage-related problems. Citigroup posted $2.32 billion of charges for layoffs and lawsuits.


The S&P financial sector index <.spsy> slipped 0.14 percent as the only one of the 10 major S&P sectors to decline.


S&P 500 earnings are expected to have risen 2.3 percent in the fourth quarter, Thomson Reuters data showed. Expectations for the quarter have fallen considerably since October when a 9.9 percent gain was estimated.


(Additional reporting by Chuck Mikolajczak; Editing by Kenneth Barry and Nick Zieminski)



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New Video Recounts Historic Landing on Saturn’s Moon Titan






Eight years ago this week, a European mission went where no one, or probe, had gone before, Saturn‘s huge moon Titan, and a new video animation is recounting that historic landing by the Huygens spacecraft.


The European Space Agency’s unmanned Huygens probe dropped onto the surface of Titan on Jan. 14, 2005, three weeks after separating from its parent Cassini spacecraft. The new animation, which was created by ESA using real Huygens data, captures the last portion of the lander’s 2 1/2-hour descent through Titan’s thick, nitrogen-based atmosphere.






The new Huygens landing video, which runs for 1 minute and 40 seconds, shows the touchdown from a variety of angles and ends with a real photo Huygens took of Titan’s surface.


Though Huygens stopped sending data home to Earth 90 minutes after touching down, the landing continues to teach researchers about Titan.


An analysis of Huygens data published late last year, for example, determined that the 400-pound (181 kilograms) probe bounced, slid and wobbled to a stop 10 seconds after first contacting the moon. The study suggests that Titan’s surface at the time had the consistency of soft, wet sand with a fragile crust on top, researchers said.


Titan is the largest moon of Saturn, and the second-largest moon in the entire solar system (only the Jupiter satellite Ganymede is bigger). With a diameter of 3,200 miles (5,150 kilometers), Titan is nearly 50 percent wider than Earth’s moon.


Titan is the only object in the solar system besides Earth known to host stable bodies of liquid on its surface. But Titan’s lakes and seas contain methane and ethane rather than water, as the huge moon has a weather cycle based on hydrocarbons.


Complex carbon-containing molecules are known to swirl about in Titan’s atmosphere, further intriguing scientists who regard the moon as one of the best places in the solar system to look for alien life.


The $ 3.2 billion Cassini-Huygens mission, a joint effort involving NASA, ESA and the Italian Space Agency, launched in 1997 and arrived at Saturn in 2004. While Huygens is now a feature of the Titan landscape, the Cassini spacecraft continues to study the ringed planet and its many moons. Its mission has been extended through at least 2017.


Follow SPACE.com senior writer Mike Wall on Twitter @michaeldwall or SPACE.com @Spacedotcom. We’re also onFacebook and Google+


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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S&P 500 flat as growth concerns temper bank earnings


NEW YORK (Reuters) - The S&P 500 ended nearly flat on Wednesday, as solid earnings from two major banks and a bounceback in Apple shares offset concerns about a lower forecast for global growth in 2013.


The Dow Jones industrial average <.dji> unofficially closed down 24.42 points, or 0.18 percent, at 13,510.47. The Standard & Poor's 500 Index <.spx> edged up 0.21 points, or 0.01 percent, at 1,472.55. The Nasdaq Composite Index <.ixic> added 6.77 points, or 0.22 percent, to 3,117.54.


(Reporting by Leah Schnurr; Editing by Nick Zieminski)



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Fire Ant Monarchy Ruled by ‘Social Chromosome’






Whether fire ants bow to one queen or accept many rulers depends on one long strand of genes, a new study finds.


The gene sequence is the first “social chromosome” ever discovered, according to study researcher Yannick Wurm of Queen Mary, University of London, who called the DNA sequence a “supergene.”






“This was a very surprising discovery,” Wurm said in a statement. “Similar differences in chromosomal structure are linked to wing patterns in butterflies and to cancer in humans, but this is the first supergene ever identified that determines social behavior.”


Choosing queens


The fire ant Selenopsis invicta is one of many fire ant species known for nasty stings. The species is native to South America and invasive elsewhere. One of its odder traits is a particular flexibility about its social structure. Some members of the species live in colonies with a single queen, while others tolerate hundreds of queens. [Gallery: Stunning Photos of the World's Ants]


The new genetic analysis, published Thursday (Jan. 17) in the journal Nature, finds that a sequence of genes on a certain chromosome determines which social arrangement is acceptable to the ants. Much in the same way that the human sex chromosomes vary between X and Y, the ant chromosomes vary between B and b.


If all the workers in a colony carry the B variant only, they will accept a single queen that also carries only the B variant (marked as BB, because the chromosomes come in pairs). But if some workers in the colony carry the b version of the chromosome, the colony will accept multiple queens — but only those queens with a mismatched “Bb” set of chromosomes.


Smelly queens?


The chromosomal differences have been linked to a number of anatomical differences in the ants, Wurm and his colleagues wrote, from the queen’s fecundity to the size of male workers and the structure of their sperm. These differences could explain how the ants “know” what sort of monarchy to accept.


“Odor is likely involved,” Wurm told LiveScience. “We know the queens smell different.”


The two different genes may also confer their own advantages. BB queens mate and disperse to their own colonies when they reach maturity, making them good at invading new areas, the researchers wrote. Bb queens join others near their maternal colony and, working together, produce more workers overall. This might make them more successful in previously colonized areas.


Wurm and his colleagues plan to dig deeper into the chromosome to find out which of the 616 genes in the social sequence are responsible for the differences between ants. They also hope to find out if similar sequences play social roles in other species. And the differences aren’t just academic. The fire ants have spread into the southern United States as well as Australia and China, where they are major pests.


“Our discovery could help in developing novel pest-control strategies,” Wurm said. “For example, a pesticide could artificially deactivate the genes in the social chromosome and induce social anarchy within the colony.”


Follow Stephanie Pappas on Twitter @sipappas or LiveScience @livescience. We’re also on Facebook & Google+.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street flat as Apple down again but retailers rise

ROME (Reuters) - Archbishop Georg Ganswein, Pope Benedict's private secretary, who has been dubbed "Gorgeous George" by the Italian media, is now a real-life cover boy. The prelate has landed on the cover of Vanity Fair. The cover on the Italian edition of the magazine shows the 56-year-old archbishop smiling, his blue eyes beaming, above a headline that reads "Father Georg - It's not a sin to be beautiful. ...
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More than 3,500 U.S. Weather Records Smashed in 2012









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Wall Street closes lower as Apple drags


NEW YORK (Reuters) - The S&P 500 and Nasdaq ended lower on Monday as concerns about demand for Apple Inc products sent shares of the tech heavyweight lower and investors braced for earnings disappointments.


The Dow Jones industrial average <.dji> was up 21.88 points, or 0.16 percent, at 13,510.31. The Standard & Poor's 500 Index <.spx> was down 1.20 points, or 0.08 percent, at 1,470.85. The Nasdaq Composite Index <.ixic> was down 8.13 points, or 0.26 percent, at 3,117.50.


(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)



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Baffling Star Birth Mystery Finally Solved






Astronomers have finally solved a longstanding cosmic mystery — why a super-dense gas cloud near our Milky Way galaxy‘s core isn’t churning out many new stars.


The gas cloud, known as G0.253+0.016, is simply swirling too fast, researchers said. And it lacks the requisite pockets of even denser material, which eventually collapse under their own gravity to form stars.






The results suggest that star formation is more complex than astronomers had thought and may help them better understand the process, researchers said.


An oddly barren cloud


G0.253+0.016, which is about 30 light-years long, defies the conventional wisdom that dense gas glouds should produce lots of stars. [8 Baffling Astronomy Mysteries]


The cloud is 25 times more dense than the famous Orion Nebula, which is birthing stars at a furious rate. But only a few stars are being born in G0.253+0.016, and they’re pretty much all runts.


“It’s a very dense cloud and it doesn’t form any massive stars, which is very weird,” study lead author Jens Kauffmann, of Caltech in Pasadena, said in a statement.


Kauffmann and his colleagues determined to find out why. Using the Submillimeter Array, a set of eight radiotelescopes atop Mauna Kea in Hawaii, they found that G0.253+0.016 possesses very few ultra-dense nuggets that could collapse to form stars.


“That was very surprising,” said co-author Thushara Pillai, also of Caltech. “We expected to see a lot more dense gas.”


Spinning out of control


The researchers then probed the cloud with another network of telescopes, the Combined Array for Research in Millimeter-wave Astronomy in California.


CARMA data showed that gas within G0.253+0.016 is zipping around 10 times faster than gas in similar clouds. G0.253+0.016 is on the verge of flying apart, with its gas churning too violently to coalesce into stars.


Further, the team found that the cloud is full of silicon monoxide, a compound typically produced when fast-moving gas smashes into dust particles. The abnormally large amounts of silicon monoxide suggest that G0.253+0.016 may actually consist of two colliding clouds, whose impact is generating powerful shockwaves.


“To see such shocks on such large scales is very surprising,” Pillai said.


G0.253+0.016 may eventually be able to churn out stars. But its position near the center of the Milky Way could make it tough for the cloud to settle down, as it may smash into other clouds or be ripped apart by the immense gravitational pull near the galaxy’s central black hole, researchers said.


The study has been accepted for publication in the Astrophysical Journal Letters. The team also presented the results last week at the 221st meeting of the American Astronomical Society in Long Beach, Calif.


Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook & Google+


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Getting comfortable with living on the edge


LONDON (Reuters) - Just as you learn to put up with a nagging toothache, this week is expected to provide fresh evidence that the U.S. economy is getting used to life on the edge of the fiscal cliff.


Of course, putting off that trip to the dentist is not necessarily wise. The longer Washington delays, the more painful it will become to narrow its gaping budget deficit.


But surveys of U.S. consumer confidence in January and of house builder sentiment in December are likely to show resilience, buttressing the argument of equity bulls that Wall Street's firm start to the year is more than a relief rally or a desperate search for higher returns on investment.


Bluford Puttnam, chief economist of CME Group, said the U.S. economy had managed to grow almost 2 percent last year and create about 1.8 million jobs despite stagnation in Europe, a slowdown in China and the deadlocked budget talks.


"So I see a lot of momentum going into 2013," Puttnam said. "If we can get past this fiscal cliff, the economy is poised to have a much more confident year."


Despite fiscal tightening, he said growth could reach 2.5 percent to 3.0 percent.


Puttnam said the next rounds in the budget battle later this quarter would again be bitterly fought and the resolution would again satisfy no one. But, as with the showdown at the end of 2012, the economy would quickly move on.


"There is a one-in-ten chance that the government may even shut down for a week. It's just going to be ugly. And then it will be over. There will be some kind of compromise, and by April it will fade quickly into the background," he said.


THREE GORGES


U.S. retail sales are likely to have increased only 0.2 percent in December, dampened by the budget worries, according to economists polled by Reuters.


But a pair of regional Federal Reserve surveys and the monthly Reuters/University of Michigan consumer poll are projected to improve, while housing starts, new building permits and builders' confidence should all show that the housing recovery stands on firm foundations.


"That's what's really encouraging consumers to feel that the economy is getting better and that the momentum is broadly positive," said Jerry Webman, chief economist at OppenheimerFunds in New York.


While the phrase fiscal cliff used by U.S. Federal Reserve chief Ben Bernanke conjured up an image of an immediate plunge at the start of this year, in truth any austerity was always likely to take effect on the economy gradually.


Bank of America Merrill Lynch describes the challenges the United States faces in coming months rather as three fiscal gorges it must leap over.


The government could hit the debt ceiling approved by Congress as early as mid-February; across-the-board spending cuts are due to kick in on March 1; and the ‘continuing resolution' to fund all discretionary government spending expires on March 27.


Ideally, investors would like Democrats and Republicans to resolve all three issues with an overarching agreement to slash the deficit by $4 trillion over the next decade.


Instead, given the dysfunctional state of politics, Webman said the best that could be hoped for was another short-term fix that cuts spending and ends some tax breaks.


"The U.S. doesn't move by grand bargains, by big deals. We move by incremental decisions, and I think we'll make some imperfect but improved decisions over the course of 2013," he said.


CHINA ON THE MEND, EUROPE EERILY CALM


Encouraging economic news from China, including stronger-than-expected exports and imports in December, has also supported the start-of-year move by financial market investors out of cash and into riskier assets.


Figures on Friday are expected to show that the world's second-largest economy grew 7.8 percent from a year earlier, rebounding from the 7.4 percent pace of the third quarter and further allaying fears of a hard landing.


"Given some of the bearish commentary on China a few months ago, this should be a relief for markets and it's good for the world economy," said Derry Pickford, macro analyst at investment managers Ashburton in London.


Continuing calm in the euro zone has also helped equities, even though full-year German GDP data on Tuesday will serve as a reminder of the area's economic malaise.


Europe's largest economy contracted last quarter as factories slashed output in response to weak demand from Germany's neighbors, the Economy Ministry said on Friday.


At a news conference a day earlier, European Central Bank President Mario Draghi said he expected a recovery in euro zone growth later this year. But he ruled out an early end to the ECB's crisis policy measures and cautioned that risks were still tilted to the downside. Markets shrugged.


In Europe as in the United States, investors seem to have got used to high levels of policy uncertainty, said Ethan Harris, chief U.S. economist at Bank of America Merrill Lynch.


"It appears that the markets will look past brinkmanship moments unless policy makers break new ground," he said.


In Europe, that might mean not just threatening to eject Greece from the euro zone but actually forcing the exit. In the United States, that might mean not just threatening to violate the debt ceiling but actually doing so, Harris said in a report.


As long as such extreme events do not occur, Harris expects periodic swoons in confidence but no acute crisis.


"This renewed resilience is important because we expect many brinkmanship moments in the months ahead. A now-regular pattern has been established where deals are only struck at the last minute and often under market pressure," he wrote.


(Editing by Patrick Graham)



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Why the NYTimes “Green Blog” Is Now Essential






A few days ago we woke up to the news that the New York Times is eliminating their environment desk.


Predictably, the immediate reaction of many was “oh, noooo!”.After all, whenever we hear such news, about a science or health or environmental desk being eliminated at a media organization, this means the reporters and editors of that beat have been fired.But New York Times did not fire anyone. Instead, they will disperse the environmental reporters around the building. Instead of all of them sitting together, chatting with each other, they will sit next to other people, chatting with political, economic, science, health, education and other reporters.The concern also arose as this piece of news came as a part of broader news of cost-cutting at the New York Times and actual impending layoffs of high-level editors.And concern is certainly warranted. But there is potential for this to be a good thing. It all depends on the implementation.My first reaction, quoted here, was that this may be a way to modernize environmental reporting at the Times. After all, reporters were not fired, the senior editors may be. All the environmental expertise is still at the Times, but now outside of its own ghetto, able to cross-fertilize with other beats, and to collaborate with reporters with other domains of expertise.My cautiously positive reaction to this news probably comes from my recent thinking (and blogging) about three aspects of modern media. One is about the distinction between beats and obsessions. The other one is about the importance of expertise in today’s journalism. And the other one is the distinction between push and pull models of science (and other) communication.Let me parse these a little bit more….Beats vs. ObsessionsI wrote at length about this before, but let me restate it briefly, the part that is the most relevant to this situation.







….But another way the difference is explained is that an obsession is actually broader, not narrower, by being multidisciplinary. Instead of looking at many stories from one angle, it focuses on a single story from many angles. This may be a way to solve some Wicked Problems….



By dispersing environmental reporters from a dedicated desk to other desks, New York Times eliminated the environmental beat. Now environmental reporters are free to follow their own obsessions – whatever aspect of the environment they most care about at any given time. In essence, The New York Times is starting to quartzify itself (did I just invent a new word? I bet Quartz folks will be pleased). Instead of the environmental vertical, The New York Times will now have an environmental horizontal – environmental angle permeating a lot of other stories, as environmental reporters talk to and influence their new office neighbors.Importance of ExpertiseI have argued many times before, and most recently and forcefully here, that having or building expertise on the topic one covers is an essential aspect of modern journalism. Being a generalist will become harder and harder to do successfully. Specialization rules. And there are many kinds of expertise and ways of being a specialist.It is much easier to turn an expert into a journalist than a journalist into an expert (though that is certainly not impossible), and there have been many calls lately (here is just the latest one) for journalism schools to insist on science, and even more importantly on math and statistics classes as requirements for their students.I will now make an assumption that all NYTimes environmental reporters actually have sufficient expertise to report on the environment. They are now bringing that expertise to other desks. And they are now forced to discuss this with people whose expertise lies elsewhere. They will get into debates and discussions. They will teach each other. They will change each others minds on various things. They will be prompted by those discussions to dig in deep and do some research. That will inspire them to write the next piece and next piece, possibly in collaboration with each other. By forcing cross-fertilization between people with different specialties, NYTimes will force them all to learn from each other, become more sophisticated, to tackle more complex and nuanced stories, and to produce better articles. That’s the theory… We’ll see if that happens in practice. It all depends on implementation.Push vs. PullYou may have seen this excellent post that Danielle re-posted the other day.I know I talk a lot about push vs. pull methods for science communication, but the earliest appearance of the concept on my blog is this brief but cool video clip. Soon after, I described and explained the concept in much more detail here and here. I have since applied it to a bunch of other topics, from the role of new/upcoming journalists to the different reporting strategies for different areas of science to strategies for gaining trust in the broader population to differences between science reporting on blogs vs traditional media to narrative storytelling in science.I have argued many times that, despite the proliferation of many new outlets that may do reporting better, traditional big venues, like The New York Times (and just a few other ‘biggies’, like BBC, Guardian, Washington Post, The Economist, PBS, NPR and not many more), will continue to play an important role in the media ecosystem for quite some time. These are trusted brands for far too many people who grew up in that world. And they generally do a good job, even if nobody can be perfect, and expert bloggers are quick to point out errors as they appear.But, nobody but a few crazy news junkies, all of whom are probably in the business anyway so not the target audience, reads any newspaper, including The New York Times, every day, every page, every article. I’ll tell you a secret – print edition of The New York Times lands on my front porch every night. My wife reads some of it sometimes. It is there mostly in case something I see online is so long that I want to sit back and read it on paper rather than on screen. Or if a friend of mine publishes something so I want to cut it out. Or my name appears in it, and I want to cut it out and save it, to show my Mom.But back in the old times, when I actually read newspapers on paper, how did I do it? I pick up the paper. I open it up. I take out all the sections I am not interested in – Sports, Auto, Business, Real Estate, Classifieds, etc. – and throw them directly into the recycling bin. Then I read the parts I am interested in (front sections, domestic and world news, opinion, Sunday Magazine, Week In Review, Book Review). When I was a kid, I read the comics first, then TV and movie listings, then Kids section, perhaps some nature/science, perhaps some sports.Other people have their own preferences. If there is such a thing as “Environment” section, or “Health” section, or “Science” section, how many people do you think automatically recycle them and go straight to Sports instead?A dedicated Environment section is a pull method. It pulls in readers who are already interested in the topic. Others never see it. And being online doesn’t change a thing – it works the same way as on paper, in its own ghetto, isolated from the stuff people actually read.The ‘push’ method inserts science/health/environment stories everywhere, in all sections of the paper, linked from all the pages of the website. It includes science/health/environment angles into many other stories. People interested in politics, economics, education, art, culture, comic strips, whatever, get a steady diet of relevant information mixed into their breakfast. They can’t avoid it any more. It is pushed onto them without their explicit request.Let’s hope that The New York Times is thinking this way, as that would be the best possible outcome.Central importance of the Green BlogThe managing editor Dean Baquet was reported to say this about the Green Blog: “If it has impact and audience it will survive”.That is disappointing. Green Blog’s destiny is not, and especially now should not, be decided by the vagaries of traffic. It has suddenly become much more essential to the Times than they know, or so it seems. Let me try to explain…Dispersing all the environmental reporting all around New York Times is a potentially great “push” strategy – feeding the unsuspecting readers a steady diet of environmental thinking.But dispersing all the environmental reporting all around New York Times also makes it very difficult for the “pull” audience, the readers who are interested in environment, to find everything. People who are interested in environment, people like me, will be forced to look into automatically recyclable sections, like Business or Real Estate for articles with potentially environmental angles. That takes time and energy we don’t have, so we’ll rather miss those articles.Now, some tech-savvy know-it-all is likely to post a comment “Use Tags”. Sure, you are a programmer, you know what tags are. Can you explain that to your grandma? Can you teach her how to use them?No, the answer is Green Blog.Green Blog should now become not just a cool place for interns to build their reporting chops, but also:- place where all environmental reporters link to, explain, describe and quote from all their articles that appear elsewhere in the Times,- place where someone puts together, every week, a summary and round-up of all environment-related Times articles of the previous week,- place where all environmental reporters come to crowdsource their stories, get feedback and expert information from readers as they are working on their more and more complex stories- place where all environmental reporters come to see each others work, now that they are not sitting next to each other,- a central place where people like me can come and at a single glance see all of the Times environmental reporting in one place, and- a central place where someone like Andy Revkin can check each day to see what else is going on in the Times regarding environment, so he can blog about it on Dot Earth.This is like what ethologists call the “central foraging place”, like a beehive. Honeybees (readers) get information (blog posts) from other foragers where the flowers (NYT articles) are, so they go there (following links) to get nectar. They then return to the hive (Green Blog) to deposit the nectar (their comments), to tell others where else the flowers are good (e.g., on other sites beyond NYT) and to get new information so they can go for another run, again and again.Now that there is no Environment desk and no Environment editor, the Green Blog should assume those two roles.Now, if only higher ups at the Times get to read this post. If you know them, can you share the link to this post with them?Image: Everystockphoto.com


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Wall Street Week Ahead: Attention turns to financial earnings

NEW YORK (Reuters) - After over a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street.


The first full week of earnings season is dominated by the financial sector - big investment banks and commercial banks - just as retail investors, free from the "fiscal cliff" worries, have started to get back into the markets.


Equities have risen in the new year, rallying after the initial resolution of the fiscal cliff in Washington on January 2. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.


An array of financial companies - including Goldman Sachs and JPMorgan Chase - will report on Wednesday. Bank of America and Citigroup will join on Thursday.


"The banks have a read on the economy, on the health of consumers, on the health of demand," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey.


"What we're looking for is demand. Demand from small business owners, from consumers."


EARNINGS AND ECONOMIC EXPECTATIONS


Investors were greeted with a slightly better-than-anticipated first week of earnings, but expectations were low and just a few companies reported results.


Fourth quarter earnings and revenues for S&P 500 companies are both expected to have grown by 1.9 percent in the past quarter, according to Thomson Reuters I/B/E/S.


Few large corporations have reported, with Wells Fargo the first bank out of the gate on Friday, posting a record profit. The bank, however, made fewer mortgage loans than in the third quarter and its shares were down 0.8 percent for the day.


The KBW bank index <.bkx>, a gauge of U.S. bank stocks, is up about 30 percent from a low hit in June, rising in six of the last eight months, including January.


Investors will continue to watch earnings on Friday, as General Electric will round out the week after Intel's report on Thursday.


HOUSING, INDUSTRIAL DATA ON TAP


Next week will also feature the release of a wide range of economic data.


Tuesday will see the release of retail sales numbers and the Empire State manufacturing index, followed by CPI data on Wednesday.


Investors and analysts will also focus on the housing starts numbers and the Philadelphia Federal Reserve factory activity index on Thursday. The Thomson Reuters/University of Michigan consumer sentiment numbers are due on Friday.


Jim Paulsen, chief investment officer at Wells Capital Management in Minneapolis, said he expected to see housing numbers continue to climb.


"They won't be that surprising if they're good, they'll be rather eye-catching if they're not good," he said. "The underlying drive of the markets, I think, is economic data. That's been the catalyst."


POLITICAL ANXIETY


Worries about the protracted fiscal cliff negotiations drove the markets in the weeks before the ultimate January 2 resolution, but fear of the debt ceiling fight has yet to command investors' attention to the same extent.


The agreement was likely part of the reason for a rebound in flows to stocks. U.S.-based stock mutual funds gained $7.53 billion after the cliff resolution in the week ending January 9, the most in a week since May 2001, according to Thomson Reuters' Lipper.


Markets are unlikely to move on debt ceiling news unless prominent lawmakers signal that they are taking a surprising position in the debate.


The deal in Washington to avert the cliff set up another debt battle, which will play out in coming months alongside spending debates. But this alarm has been sounded before.


"The market will turn the corner on it when the debate heats up," Prudential Financial's Krosby said.


The CBOE Volatility index <.vix> a gauge of traders' anxiety, is off more than 25 percent so far this month and it recently hit its lowest since June 2007, before the recession began.


"The market doesn't react to the same news twice. It will have to be more brutal than the fiscal cliff," Krosby said. "The market has been conditioned that, at the end, they come up with an agreement."


(Reporting by Gabriel Debenedetti; editing by Rodrigo Campos)



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Missing DNA in Rape Cases, Iran’s ‘Argo’, and Extreme Weather






Behind the New York Times pay wall, you only get 10 free clicks a month. For those worried about hitting their limit, we’re taking a look through the paper each morning to find the stories that can make your clicks count.


RELATED: Newtown’s Nationwide Impact, the Rape and the Football Team, Nelson Mandela






Top Stories: When diagnosed with cancer, a graduate at the nursing school of Holyoke Community College, Martha Keochareon, wanted to give students at her alma mater a hands-on lesson in treating the disease. 


RELATED: The Homeless Man Is Still Shoeless, the ‘Walking Dead’ Town, and Shania


World: The Iranian government is planning to counter Argo with its own movie about the Iranian hostage crisis. The killing of three Kurdish women, one of whom was the founder of a separatist group and the other of whom were activists, in Paris prompts “theories” but mostly mystery. 


RELATED: Disaster in Syria, Obama’s Defining Moment on Guns, and Tamales


Politics: Because of opposition to gun control, the White House says it is only making an assault weapons ban one part of a proposal so therefore passing it won’t be the “sole definition of success.”  


RELATED: Insider Attacks in Afghanistan, Yoga in Prison, and Light in Art


New York: ​The city’s medical examiner’s office is looking into 800 rape cases where “critical DNA evidence may have been mishandled or overlooked by a lab technician.” 


RELATED: Stopping Syria’s Chemical Weapons, Autopsies Gone Bad, and Jimmy Kimmel


Environment: Around the world extreme weather is becoming the norm. 


Sports: Junior Seau, the N.F.L. linebacker who committed suicide in the spring, suffered from “ a degenerative brain disease widely connected to athletes who have absorbed frequent blows to the head.” 


Opinion: Raymond A. Smith on the cabinet. 


Movies: A. O. Scott writes that the Academy Award nominations proved that “2012 was not just a strong year for movies, but also for precisely the kind of movies that are supposed to be nearly obsolete.” 


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Wall Street flat, pressured by Wells Fargo, banks


NEW YORK (Reuters) - Stocks ended little changed on Friday as investors took a step back from buying ahead of next week's busy corporate earnings calendar.


The Dow Jones industrial average <.dji> was up 17.51 points, or 0.13 percent, at 13,488.73. The Standard & Poor's 500 Index <.spx> was down 0.04 points, or 0.00 percent, at 1,472.08. The Nasdaq Composite Index <.ixic> was up 3.88 points, or 0.12 percent, at 3,125.64.


For the week, the Dow rose 0.4 percent, the S&P added 0.4 percent, and the Nasdaq rose 0.8 percent.


(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)



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Space Rock Star: Astronaut Chris Hadfield Becoming Canadian Celebrity






While Chris Hadfield continues to rack up mileage in space, the Canadian captain-to-be of the International Space Station also reached a different milestone Wednesday (Jan. 9): 150,000 Twitter followers.


Hadfield’s growth on the social network exploded since launching to the space station Dec. 19. According to the Canadian Space Agency, Hadfield’s followers numbered about 20,000 at the start of his five-month mission.






Hadfield’s pithy observations of life in orbit — and his now-famous joke with William Shatner, who portrayed Capt. James T. Kirk on “Star Trek” — helped propel him on to the world stage, one Canadian reporter said.


“I think the fact that a real Canadian space commander was tweeting a fake Canadian space commander, that’s a pretty one-of-a kind event,” said Jennifer MacMillan, a senior communities editor at the Toronto-based Globe and Mail whose job in part focuses on interacting with readers. [Gallery: Chris Hadfield's World Tour Challenge ]


MacMillan was not able to speak to how much Hadfield — who also reached orbit on space shuttle missions in 1995 and 2001 — is resonating among the audience of the national Canadian newspaper, though. Also, a story charting the captains’ interaction did not get that many clicks from readers, she said.


However, other institutions said Hadfield’s coverage is making waves among ordinary Canadians.


‘A quintessential speaker’


The Canada Aviation and Space Museum, which is based in Canada’s capital in Ottawa, ran special programming over the holidays to coincide with the first few days of Hadfield’s space mission. Reports from the museum indicated the programming was popular with the young student audience.


Stephen Quick, director-general of the museum, admitted it is difficult to quantify how much of an impact Hadfield — who will become commander of the International Space Station’s Expedition 35 in March — has on the popularity of particular exhibits.


But for what it’s worth, the Living in Space exhibit, which devotes extensive coverage to Hadfield’s high-flying exploits, attracts children and adults alike, he said. Hadfield also draws a crowd during his appearances at the museum, Quick added.


“The man is a quintessential speaker, and he can talk to 10-year-olds or he can talk to a group of adults, and they come out spellbound. It’s amazing,” he said.


A flat cutout of Hadfield at the museum, set up as part of an ongoing Canadian Space Agency contest, always seems to have somebody beside it getting his or her picture taken, he added.


The museum, which sees 60 percent of its 195,000 attendees every year come from outside of Ottawa, plans to extend its space coverage due to the popularity of the Living in Space exhibit. In May, it will open a “spaceflight experience” that brings attendees through a simulated training experience for space.


Holidays helped with tweeting time


One key to Hadfield’s success in orbit — besides his innate eloquence — might have been the timing of his launch, the Canadian Space Agency noted.


Because his launch day fell so close to both Christmas and Russia’s Orthodox Christmas, there was extra time off for the astronauts in orbit. This gave Hadfield more time to set up his Internet connection and take pictures, said Anna Kapiniari, the CSA’s strategic communications manager.


“We knew that if he had spare time he’d use it communicate the experience,” she added, pointing out that Hadfield used to spend lunch breaks during his training days in Russia doing video chats with student groups.


While the CSA has not performed a formal media analysis, Kapinari has noted an uptick in media coverage. Officials are also seeing a few more questions from followers of the CSA’s Twitter feed. “But I think most of the action is happening on [Hadfield]‘s Twitter page,” she added.


National magazine Maclean’s is seeing reader action as well, however. The publication, which mostly has Canadian readership, saw one story about Hadfield rocket to the site’s most popular entry this past weekend. In a hockey-hungry country, the story surpassed readership of another article about the NHL lockout being resolved.


Hadfield has also emphasized Canadiana while in orbit, whether it be tweeting about popular Canuck foods or doing collaborations with Canadian musicians, pointed out Maclean’s associate editor Kate Lunau.


After writing a feature article about Hadfield in the fall, Lunau said she received a lot of reader mail praising the astronaut’s accessibility to the public.


“You get the sense Hadfield is a Canadian celebrity,” said Lunau, who frequently writes about science. “People really admire the work that he’s done.”


Follow Elizabeth Howell @howellspace, or SPACE.com @Spacedotcom. We’re also on Facebook and Google+.


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street climbs on China data; S&P nears resistance

NEW YORK (Reuters) - Stocks climbed on Thursday on optimism about global growth spurred by stronger-than-expected exports in China, the world's second-biggest economy, and the S&P 500 hovered around a five-year high.


Financial and energy stocks were the day's top gainers in afternoon trading. The financial sector index <.gspf> rose 1 percent and the energy sector <.gspe> was up 0.7 percent.


Financials benefited from events this week that added clarity to mortgage rules and banks' potential exposure to the housing market.


The government's consumer finance watchdog announced mortgage rules on Thursday that will force banks to use new criteria to determine whether a borrower can repay a home loan.


Earlier this week, several big mortgage lenders reached a deal with regulators to end a review of foreclosures mandated by the government.


Bank of America gained 2.6 percent to $11.73, while Morgan Stanley was up 3.2 percent at $20.24, one day after sources said the bank plans to cut jobs.


"It's a resolution. It's not hanging over their heads," said Kurt Brunner, portfolio manager at Swarthmore Group in Philadelphia, Pennsylvania.


Data showed China's export growth rebounded sharply to a seven-month high in December, a strong finish to the year after seven straight quarters of slowdown.


"In and of itself it is being interpreted positively that they've stopped the downturn (in growth)," said Brunner. "If they continue to produce good growth, that's going to be supportive of our global manufacturers."


The benchmark Standard & Poor's 500 index hovered near a five-year closing peak of 1,466.47. On Friday, the index had closed at its highest since December 2007.


"The market is technically right at the level of resistance, near 1,465-1,467," said Randy Frederick, managing director of active trading and derivatives at Charles Schwab.


"A solid breakthrough above the level would be the start of a next leg higher, but it looks like it is going to be difficult to break above that level for now," Frederick said, citing concerns about the corporate earnings season and impending negotiations over the U.S. debt ceiling.


The Dow Jones industrial average <.dji> gained 40.53 points, or 0.30 percent, to 13,431.04. The Standard & Poor's 500 Index <.spx> rose 5.41 points, or 0.37 percent, to 1,466.43. The Nasdaq Composite Index <.ixic> edged up 0.42 points, or 0.01 percent, at 3,106.23.


Thursday's session had earlier included a dip that traders said was triggered by a trade in the options market that prompted a large amount of S&P futures to hit the market at the same time. That sent the S&P 500 index down rapidly but those losses were recouped by late afternoon.


Shares of upscale jeweler Tiffany dropped 5.1 percent to $60.02 after it said sales were flat during the holidays.


Herbalife Ltd stepped up its defense against activist investor Bill Ackman, stressing it was a legitimate company with a mission to improve nutrition and help public health. The stock was down 3 percent at $38.75.


(Editing by Nick Zieminski)



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Killer Whales May Have Been Trapped by Climate Change






Whale lovers around the world held their breath as a family of orcas, trapped in the ice of Canada’s frozen Hudson Bay, were left with an ever-shrinking opening in the icy surface as their only breathing hole.


The two adult killer whales and nine younger orcas have now been freed by an apparent shift in the sea ice that trapped them, according to NBC News. It’s believed that a change in the current within the bay broke open a path to the sea. 






“When there is a new moon, the water current is activated. … It caused an open passage out to the open water,” Petah Inukpuk, mayor of the nearby village of Inukjuak, told NBC News.


But what caused the pod of orcas to become trapped in the first place? Increasingly, experts are blaming climate change, which gave the orcas access to a place they normally abandon before winter. The trapped orcas were featured in a riveting online video, struggling for air inside an icy tomb that threatened to grow smaller with each passing hour. [Images: Rescuing Killer Whales]


In the past, the Arctic was covered with too much ice to make it hospitable for the killer whales, which prefer to live and hunt in open seas.


“The reason they can now access the Arctic is because there is a lot less ice because of global warming,” Andrew Trites, director of the marine mammal research unit at the University of British Columbia, told the Toronto Star.


In fact, the Arctic sea-ice extent, or the area of ocean with at least 15 percent ice cover reached a new record low in September, dwindling to 1.32 million square miles (3.41 million square kilometers), according to the U.S. National Snow & Ice Data Center, which tracks sea ice with satellite data. As for the reason behind the ice melt, scientists have blamed both natural fluctuations and human-caused global warming.


This incident may be the first time killer whales have been seen in the region as late as January, Christian Ramp, a researcher with the Quebec-based Mingan Island Cetacean Study, told the Canadian Broadcasting Corp.


“It seems the ice dynamics are changing very quickly,” said Ramp. Orcas generally hunt in the area during the summer months, then head to warmer waters before the Arctic ice moves in. But with climate change, Ramp said, the animals appear to be straying farther north and staying too late, the CBC reported.


According to Inukpuk, that region of the Hudson Bay typically would be completely frozen over by Halloween, according to the Star. But this year the bay didn’t freeze until well after Christmas.


This isn’t the first time the world has been transfixed by the plight of sea mammals. In 2005, a pod of six killer whales was trapped by sea ice in the shallow waters off Russia’s eastern shore. Despite the efforts of local villagers, the animals — injured and bleeding from their own desperate attempts to free themselves — eventually died, according to the Associated Press.


And in 1988, there was an international effort to help three young gray whales trapped in the ice off Barrow, Alaska. Again, the locals responded to the animals’ plight with chain saws, generators and water pumps, but in the brutal cold the sea froze over almost as quickly as it was opened up. One whale eventually died.


Finally, in a remarkable act of Cold War cooperation, a Soviet icebreaker succeeded in cutting a clear channel to the open ocean, freeing the two surviving whales. That incident was the basis for “Big Miracle,” a film starring Drew Barrymore.


Follow LiveScience on Twitter @livescience. We’re also on Facebook& Google+.


Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street ends with slim gains on Alcoa results


NEW YORK (Reuters) - Stocks rose on Wednesday, as the first group of earnings reports started to trickle in. While Alcoa Inc gave a bullish demand outlook, the results didn't give a clear direction of how well corporations did during the fourth quarter.


The Dow Jones industrial average <.dji> was up 61.97 points, or 0.46 percent, at 13,390.82. The Standard & Poor's 500 Index <.spx> was up 3.84 points, or 0.26 percent, at 1,460.99. The Nasdaq Composite Index <.ixic> was up 14.00 points, or 0.45 percent, at 3,105.81.


(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)



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Dazzling Comet of 2013 May Be Among Brightest Ever Seen






Excitement continues to rise among both professional and amateur astronomers about Comet ISON, which on Nov. 28 of this year might become one of the brightest comets ever seen, outshining such recent dazzlers as Comet Hale-Bopp (1997) and Comet McNaught (2007). 


Fortunately, Comet ISON was discovered 14 months before this perihelion passage — its closest point to the sun — while still distant and faint, thus giving observers time to plan. Another major advantage is that this fine object will be favorably placed for viewing, first in the morning sky before perihelion passage on Nov. 28, and then both in the morning and evening sky afterward.






Comet ISON was discovered photographically last Sep. 21 by Russians Vitali Nevski and Artyom Novichonok, who detected it using a 15.7-inch (0.4 meters) reflecting telescope of the International Scientific Optical Network (ISON) which is located near Kislovodsk at the northern foot of the Caucasus range in Russia.


Subsequently, pre-discovery images dating back to December 2011 were found by the Mount Lemmon Survey in Arizona and by the Panoramic Survey Telescope and Rapid Response System (PANSTARRS) in Hawaii from January 2012. ISON’s discovery was announced by the Minor Planet Center in Cambridge, Massachusetts on Sep. 24; it’s officially catalogued as C/2012 S1. [Spectacular Comet Photos (Gallery)]


Still far out


When first sighted, this very faint and distant comet was 625 million miles (1 billion kilometers) from Earth and 584 million miles (939 million km) from the sun, within the zodiacal constellation of Cancer (The Crab).


It was then shining at magnitude 18.8 on the scale used by astronomers to measure the brightness of sky objects (the lower the number, the brighter the object). That made the comet about 100,000 times fainter than the dimmest star that can be seen with the unaided eye.  


Currently, the comet is among the stars of Gemini (The Twins) and will pass only about a half-degree south of the bright star Castor on Jan. 16. But it’s still very faint and distant at 474 million miles (762 million km) from the sun, tucked just inside the orbit of Jupiter.


Grazingly close, dazzlingly bright?


According to astronomer Gareth Williams at the Smithsonian Astrophysical Observatory, improved orbital elements based on 1,000 observations from Dec. 28, 2011 through Dec. 24, 2012 continue to show that Comet ISON will pass through the perihelion point of its orbit on Nov. 28 at 3:10 p.m. Eastern time . 


At that moment, the comet will be describing a hairpin curve while whipping around the sun at a speed of 425,000 mph (684,000 kph). It will be just 732,000 miles (1.18 million km) above the sun’s blazing photosphere, literally grazing the solar surface. 


Just how bright the comet will become at that moment cannot yet be forecast reliably. In his 2013 Astronomical Calendar, Guy Ottewell writes: “Using what formulas we can for magnitude, we have it reaching -12.6, the brightness of the full moon!” [Gallery: Photos of 2012's 'Supermoon']


If this is correct, it might result in the view of a lifetime: A bright comet with a stubby silvery tail visible next to the sun in broad daylight, visible to the naked eye simply by screening the sun with an outstretched hand. 


Ottewell imagines the comet as possibly resembling “. . . a lighted match at the sun’s edge.” Only on nine other occasions dating back to the late 17th century has a comet become bright enough to be seen in the daytime.


Mark your calendars!


As it approaches the sun, Comet ISON will pass just 6.5 million miles (10.5 million km) from Mars on Oct. 1, perhaps providing a worthy target for imaging by the NASA’s Mars rover Curiosity. 


ISON will take exactly one month to cross from the orbit of Mars to the orbit of Earth, reaching us on Nov. 1. The comet will be steadily brightening during this time from magnitude +10 to +6. It will be in the morning sky, and during the first half of the month will be keeping pace just to the north of Mars as the pair slides eastward in the sky through the stars of Leo (The Lion).


On Oct. 14 and 15, Mars and ISON will line up closely with Leo’s brightest star, the blue first-magnitude Regulus. By the end of October, the comet should be easily visible in binoculars and quite possibly even with the unaided eye.


During November, as the comet races toward its rendezvous with the sun, it should brighten dramatically as it drops lower in the dawn twilight. A tail may begin to appear at this time, perhaps becoming noticeably longer with each passing morning. 


On the morning of Nov. 18, ISON — now possibly as bright as 3rd magnitude — will stand less than 1 degree from the first-magnitude star Spica in the constellation Virgo. (Your outstretched fist held at arm’s length measures about 10 degrees.)


Five days later, the comet will shine perhaps as brightly as zero magnitude as it zips past the similarly bright planets Mercury and Saturn. 


Finally, the comet will arrive at the sun on the Nov. 28. ISON will pass through the inner corona of the sun, experiencing temperatures of up to 2 million degrees Fahrenheit (1.1 million degrees Celsius)


Having been in a cosmic deep freeze for countless thousands of years, ISON will suddenly be subjected to unbelievable heat. Perhaps the comet’s nucleus will shatter, as sometimes happens when you pour hot tea into a cold cup.


But this is not a certainty; some sungrazers like the Great Comet of 1882 and Comet Ikeya Seki in 1965 indeed broke into several fragments and headed back out into deep space literally in shambles. Others like Comet Lovejoy in 2011 somehow emerged from out of the solar furnace still pretty much in one piece. [Photos: Comet Lovejoy's Dive Through the Sun]


A spectacle at dusk and dawn        


If it does survive, Comet ISON will rapidly sweep around the sun and will then head north, becoming a spectacle both at dusk and dawn. The head of the comet will gradually fade in the days and weeks after its exceedingly close brush with the sun, but its potential daylight apparition might only serve as a prelude to an even more spectacular show. 


As ISON slows its course and recedes back out into space, the comet will now be buffeted at close range by the solar wind, driving particles from the comet’s head (called the coma) out into a long stream preceding the comet. 


The result? A tail, stretching perhaps for tens of millions of miles, might protrude from above the horizon like some ghostly searchlight beam. And while it will be moving away from the sun, ISON will now be approaching Earth, passing closest to us on the day after Christmas, vaulting over our planet at a distance of 39.6 million miles (63.7 million km). 


By then the comet will be a circumpolar object for those in north temperate latitudes, neither rising nor setting, but instead remaining perpetually above the horizon all through the night!


Sizzler or fizzler?


One reason for the great excitement surrounding Comet ISON is the fact that its orbit is rather similar to the Great Comet of 1680, begging the question of whether both objects are one and the same or at the very least somehow related. 


Discovered on Nov. 14, 1680 by German astronomer Gottfried Kirsch, this was the first comet ever discovered by telescope. By Dec. 4, the comet was visible at magnitude +2 with a tail 15° long. On Dec. 18 it arrived at perihelion at a distance of 312,000 miles (502,000 km) above the sun’s surface.


A report from Albany, N.Y., indicated that the comet could be glimpsed in daylight passing above the sun. In late December of 1680, it reappeared in the western evening sky, again at magnitude +2, and displaying a long tail that resembled a narrow beam of light that stretched for at least 70 degrees — more than one-third of the way across the sky. The comet faded from naked-eye visibility by early February 1681. 


But now a word of caution: Some comets are notoriously fickle actors, and occasionally the actual performance falls far short of what had been scripted.


Those of a certain age might remember Comet Kohoutek in 1973. Like ISON, it was discovered when still remarkably far from the sun, suggesting that it was a giant among comets and would become extremely brilliant. Brightness predictions ranged up to magnitude -10 — as bright as a first or last quarter moon — and some astronomers announced (as also has been the case with ISON) that Kohoutek could be “the comet of the century.” 


The news media took them at their word and ballyhooed the approach of a comet so bright it might be visible in broad daylight.


Sound familiar?


But Kohoutek turned out to be much fainter than the initial forecasts had indicated and, in fact, most people missed it entirely. The recriminations were nasty to say the least, with astronomers and the news media blaming each other and the public blaming both. Reporters shied away from comets thereafter, almost totally ignoring the truly spectacular Comet West in the spring of 1976. 


So remember this anecdote from 40 years ago as a disclaimer.


Meanwhile, Comet ISON is still on its way and has a seemingly bright future. Here at SPACE.com, we’ll be monitoring it all through this year and will provide periodic updates on how it is developing, so stay tuned! 


Editor’s note: If you have an amazing of Comet ISON or any other night sky view that you’d like to share for a possible story or image gallery, send photos, comments and your name and location to managing editor Tariq Malik at [email protected]


Joe Rao serves as an instructor and guest lecturer at New York’s Hayden Planetarium. He writes about astronomy for The New YorkTimes and other publications, and he is also an on-camera meteorologist for News 12 Westchester, New York. Follow SPACE.com on Twitter @Spacedotcom. We’re also on Facebook & Google+.


Copyright 2013 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street indexes slide, AT&T down


NEW YORK (Reuters) - Stocks fell on Tuesday ahead of what is expected to be a weak earnings season, as investors retreated from last week's rally on the "fiscal cliff" deal in Washington.


The Dow Jones industrial average <.dji> unofficially ended down 55.14 points, or 0.41 percent, at 13,329.15. The Standard & Poor's 500 Index <.spx> slipped 4.75 points, or 0.32 percent, to 1,457.14. The Nasdaq Composite Index <.ixic> was off 7.01 points, or 0.23 percent, to 3,091.81.


(Reporting by Leah Schnurr; Editing by Nick Zieminski)



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It’s So Hot in Australia That They Added New Colors to the Weather Map






See that deep purple in the middle of this acne-red weather report from Down Under? That right there represents 129.2° F or 54 °C — it’s a brand-new shade that the Australian bureau of meteorology was forced to add to its heat index because their country is, you know, kind of on fire. 


“The scale has just been increased today and I would anticipate it is because the forecast coming from the bureau’s model is showing temperatures in excess of 50 degrees,” David Jones, head of the bureau’s climate monitoring and prediction unit, told The Sydney Morning Herald, which notes that the previous record high was 50.7°C  (123°F), recorded in 1960 at Oodnadatta Airport in the southern part of Australia — right around where the new shades of hot are showing up today. 






RELATED: How China Could Stop Environmental Protests; Australia’s Marine Parks


To give you an idea of just how uncomfortable this Australian heatwave really is, consider that at just past midnight, it’s 95°F in Sydney. Doubly scary are the giant fire risks that come with the heat — risks so severe Australian officials are taking no chances and labeling the warning “catastrophic.” “A ‘catastrophic’ warning carries the risk of significant loss of life and the destruction of many homes, according to the NSW Rural Fire Service,” reports CNN.


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