Tuesday, April 30, 2013

EPA methane report further divides fracking camps

PITTSBURGH (AP) -- The Environmental Protection Agency has dramatically lowered its estimate of how much of a potent heat-trapping gas leaks during natural gas production, in a shift with major implications for a debate that has divided environmentalists: Does the recent boom in fracking help or hurt the fight against climate change?

Oil and gas drilling companies had pushed for the change, but there have been differing scientific estimates of the amount of methane that leaks from wells, pipelines and other facilities during production and delivery. Methane is the main component of natural gas.

The new EPA data is "kind of an earthquake" in the debate over drilling, said Michael Shellenberger, the president of the Breakthrough Institute, an environmental group based in Oakland, Calif. "This is great news for anybody concerned about the climate and strong proof that existing technologies can be deployed to reduce methane leaks."

The scope of the EPA's revision was vast. In a mid-April report on greenhouse emissions, the agency now says that tighter pollution controls instituted by the industry resulted in an average annual decrease of 41.6 million metric tons of methane emissions from 1990 through 2010, or more than 850 million metric tons overall. That's about a 20 percent reduction from previous estimates. The agency converts the methane emissions into their equivalent in carbon dioxide, following standard scientific practice.

The EPA revisions came even though natural gas production has grown by nearly 40 percent since 1990. The industry has boomed in recent years, thanks to a stunning expansion of drilling in previously untapped areas because of the use of hydraulic fracturing, or fracking, which injects sand, water and chemicals to break apart rock and free the gas inside.

Experts on both sides of the debate say the leaks can be controlled by fixes such as better gaskets, maintenance and monitoring. Such fixes are also thought to be cost-effective, since the industry ends up with more product to sell.

"That is money going up into the air," said Roger Pielke Jr., a professor of environmental studies at the University of Colorado, adding he isn't surprised the EPA's new data show more widespread use of pollution control equipment. Pielke noted that the success of the pollution controls also means that the industry "probably can go further" in reducing leaks.

Representatives of the oil and gas industry said the EPA revisions show emissions from the fracking boom can be managed.

"The methane 'leak' claim just got a lot more difficult for opponents" of natural gas, noted Steve Everley, with Energy In Depth, an industry-funded group.

In a separate blog post, Everley predicted future reductions, too.

"As technologies continue to improve, it's hard to imagine those methane numbers going anywhere but down as we eagerly await the next installment of this EPA report," Everley wrote.

One leading environmentalist argued the EPA revisions don't change the bigger picture.

"We need a dramatic shift off carbon-based fuel: coal, oil and also gas," Bill McKibbern, the founder of 350.org, wrote in an email to The Associated Press. "Natural gas provides at best a kind of fad diet, where a dangerously overweight patient loses a few pounds and then their weight stabilizes; instead, we need at this point a crash diet, difficult to do" but needed to limit the damage from climate change.

The EPA said it made the changes based on expert reviews and new data from several sources, including a report funded by the oil and gas industry. But the estimates aren't based on independent field tests of actual emissions, and some scientists said that's a problem.

Robert Howarth, a Cornell University professor of ecology who led a 2011 methane leak study that is widely cited by critics of fracking, wrote in an email that "time will tell where the truth lies in all this, but I think EPA is wrong."

Howarth said other federal climate scientists from the National Oceanic and Atmospheric Administration have published recent studies documenting massive methane leaks from natural gas operations in Colorado and other Western states.

Howarth wrote that the EPA seems "to be ignoring the published NOAA data in their latest efforts, and the bias on industry only pushing estimates downward ? never up ? is quite real. EPA badly needs a counter-acting force, such as outside independent review of their process."

The issue of methane leaks has caused a major split between environmental groups.

Since power plants that burn natural gas emit about half the amount of the greenhouse gases as coal-fired power, some say that the gas drilling boom has helped the U.S. become the only major industrialized country to significantly reduce greenhouse emissions. But others believe the methane leaks negate any benefits over coal, since methane is a highly potent greenhouse gas.

The new EPA figures still show natural gas operations as the leading source of methane emissions in the U.S., at about 145 million metric tons in 2011. The next biggest source was enteric fermentation, scientific jargon for belches from cows and other animals, at 137 million metric tons. Landfills were the third-biggest source, at 103 million metric tons.

But the EPA estimates that all the sources of methane combined still account for only 9 percent of greenhouse gases, even taking into account methane's more potent heat-trapping.

The EPA said it is still seeking more data and feedback on the issue of methane leaks, so the report may change again in the future.

The EPA revisions have international implications, too. The agency says the new report, Inventory of U.S. Greenhouse Gas Emissions and Sinks, was submitted to the U.N. Framework Convention on Climate Change by an April 15 deadline.

Source: http://news.yahoo.com/epa-methane-report-further-divides-161201451.html

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Negotiation Expert To Present Public Lecture | Bernews.com

Mario MoussaThe Penn & Wharton Bermuda Alumni Association presents ?Negotiation: How to Get What You Want? with Mario Moussa, MBA, PhD on Wednesday, May 8 from 6pm onward at Fairmont Hamilton Princess ? Harbourview Ballroom.

Admission is free, please register here.

We are pleased to share with Bermuda insights from one of the world?s leading experts in negotiations, business strategy, and collaboration. Everyone is welcome to join Dr. Moussa?s presentation to build skills at using negotiations to create win-wins and get what you want.

Dr. Mario Moussa is a Senior Fellow at Wharton Executive Education, University of Pennsylvania. He teaches negotiation, influence, strategy, change, and corporate culture and is co-director of the Wharton School?s Strategic Persuasion Workshop: The Art and Science of Selling Ideas. A specialist in large-scale organizational change initiatives, he has consulted to many of the world?s leading corporations, universities, and foundations. He is co-author of The Art of Woo: Using Strategic Persuasion to Sell Your Ideas.

The University of Pennsylvania is one of the oldest universities in America and, as a member of the Ivy League, one of the most prestigious institutions of higher learning in the world. Approximately 35 Penn alumni currently live in Bermuda. www.upenn.edu

Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education, including undergraduate, MBA, executive MBA, and doctoral programs. www.wharton.upenn.edu

For more information please contact PennBermuda@gmail.com

Read More About: Bermuda business

Category: All, Business

Source: http://bernews.com/2013/04/negotiation-expert-to-present-public-lecture/

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Monday, April 29, 2013

World leaders love Twitter

Bill Clinton gets a Twitter lesson from Stephen Colbert. (AP/ABC OTUS News)

It?s not just celebrities who love Twitter: South American leaders, it turns out, heart to tweet. Some may even have gone overboard and may have over shared.

A Reuters story reports that when some 1 million protesters hit the streets to criticize the government of Argentina President Cristina Fernandez, she responded by posting 61 tweets over a nine-hour period.

According to the account, the posts from Fernandez ran the gamut from declaring herself ?stubborn,? to defending the benefits of a state-run literacy program, to admiring a fresco in her ?gorgeous? palace.

And in Venezuela, the candidates vying to succeed the late Hugo Chavez had a war of words on Twitter. The eventual winner of the election, Nicolas Maduro, who had been handpicked by Chavez, tweeted that his opposition was ?fascist.? The losing candidate, Henrique Capriles, posted that Maduro was ?an illegitimate president.?

Chavez, who had had his own TV show, had also taken to tweeting. He had 4 million followers when he died.

Being out of office hasn?t quieted the former president of Colombia, ?lvaro Uribe, who has ruffled feathers for apparently posting multiple tweets a day criticizing the current leader.

Over in France, public figures are only too aware of the impact a tweet can have. Valerie Trierweiler, the companion to the president of France, Francois Hollande, got in hot water for her impolitic post supporting the opponent of Hollande?s ex, who was running in a local election.

Maybe this explains former President Bill Clinton?s reluctance to try out the social medium. He only just joined with the encouragement of satiric news host Stephen Colbert, who first started Clinton with the Twitter handle @PrezBillyJeff.

Clinton officially introduced the more respectable @billclinton. Launched last week, the former president already has more than 500,000 followers.

Barack Obama, who famously would not give up his Blackberry when he got to the White House, rarely is the one tweeting from his account @BarackObama. If he does, the posts are signed ?bo.?

There is one leader who's definitely not a Twitter fan. According to Reuters, Brazil's president, Dilma Rousseff, stopped tweeting after she was elected in 2010. An aide told Retuers, "She thinks it's a total waste of time."

Source: http://news.yahoo.com/blogs/lookout/world-leaders-love-twitter-211835156.html

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Friday, April 26, 2013

New App Reveals Painting's Past With a Swipe

A new app for iPhones and iPads lets art viewers see the path a painting took from sketches to completion, from any angle.

Repentir, a free app developed by researchers in the United Kingdom's Newcastle University and Northumbria University, works so far with only one painting. But the developers say that the technology could soon be applied to many new paintings, and maybe even old ones.

"What you could do is take the actual imagery art historians have been making of old paintings and actually use the app as a way to reveal them," said Jonathan Hook,? a professor at Newcastle University who studies human-computer interactions. At present, the app can reveal the history of "Transamerica," a new painting by artist Nathan Walsh. [Top 10 Science Apps for Your Phone]

Both the app and the painting are being formally revealed in Paris today (April 26) at the 2013 Association for Computing Machinery Conference on Human Factors in Computing. Walsh is a realist painter, which often makes art viewers believe he's "cheated" by altering photographs or otherwise not really creating his work by hand, Hook told LiveScience.

"What's really cool about the app is it allows people not just to believe that what Nathan does is real, but to get a handle on the process," Hook said.

"Transamerica" is a street scene as seen reflected in a San Francisco Chinatown gift shop. As he painted, Walsh took a photograph every day of the unfinished canvas, starting from pencil sketches and ending in oil paint. Hook and his colleagues then compiled these photographs into layers. Repentir app users can scroll through the layers using a scroll bar, or they can rub top layers away on-screen with a fingertip, revealing the earlier work underneath.

Viewers can snap a picture of the artwork from any angle as they view it in person, and the program will recognize the picture and adjust the layers accordingly. This means that you can even get up close and photograph just a tiny portion of the picture and the app will still recognize it, Hook said.

"Rather than some alternative approaches like looking for a square shape or a QR code, this actually uses features within the image to match where the painting is," he said.

Repentir currently needs "Transamerica" to work, but any artist with digital photography equipment could join the project, Hook said. "Transamerica" will remain on display in Paris until May 2 and then is set to go to the Bernarducci Meisel Gallery in New York, where Hook and his colleagues plan to study whether the app changes the way art lovers approach the painting.

"The next step is to actually evaluate whether Repentir affects the way that gallery patrons experience Nathan's work," Hook said.

Follow Stephanie Pappas on Twitter?and Google+. Follow us @livescience, Facebook?& Google+. Original article on LiveScience.com.

Copyright 2013 LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://news.yahoo.com/app-reveals-paintings-past-swipe-230221029.html

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Study: New bird flu jumped directly from chickens

In this April 3, 2013 photo, chickens are seen at a chicken farm on the outskirts of Shanghai, China. After a new and lethal strain of bird flu emerged in Shanghai two weeks ago, the government of China's bustling financial capital responded with live updates on a Twitter-like microblog. It's a starkly different approach than a decade ago, when Chinese officials silenced reporting as a deadly pneumonia later known as SARS killed dozens in the south. (AP Photo/Gillian Wong)

In this April 3, 2013 photo, chickens are seen at a chicken farm on the outskirts of Shanghai, China. After a new and lethal strain of bird flu emerged in Shanghai two weeks ago, the government of China's bustling financial capital responded with live updates on a Twitter-like microblog. It's a starkly different approach than a decade ago, when Chinese officials silenced reporting as a deadly pneumonia later known as SARS killed dozens in the south. (AP Photo/Gillian Wong)

LONDON (AP) ? Chinese scientists have for the first time found strong evidence of how humans became infected with a new strain of bird flu: from chickens at a live market.

Chinese scientists compared swabs from birds at markets in eastern China to virus samples from four patients who caught the new H7N9 virus. The scientists found the virus from one patient was nearly identical to one found in a chicken. The research was published online Thursday in the journal Lancet.

Finding definitive proof of how patients were infected is very difficult and experts have so far struggled to find much virus in birds. Despite taking nearly 48,000 samples from animals in live markets, Chinese officials found only 39 positive tests for H7N9. Experts had suspected birds in live markets to be the source of infection but weren't sure if other animals or wild birds might also be responsible.

Health officials have so far refrained from recommending any wide-scale slaughter of poultry to contain the disease, one of the main tools used previously to combat another bird flu strain, H5N1. Unlike that strain, H7N9 doesn't appear to sicken chickens, giving experts fewer signs as to where it might be spreading.

Chinese authorities have shut down live poultry markets in many affected regions, which seems to have slowed down the virus. Still, Taiwan reported its first case earlier this week.

So far, H7N9 has infected more than 100 people in China and killed more than 20.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/bbd825583c8542898e6fa7d440b9febc/Article_2013-04-25-EU-MED-China-Bird-Flu/id-79c2a8d00d5b45bcb6ea8522cba8351b

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Thursday, April 25, 2013

Realogy Announces Pricing of Its Offering of ... - Franchising.com

MADISON, NJ--(Marketwired - Apr 23, 2013) - Realogy Holdings Corp. (NYSE: RLGY) (the "Company") announced today that its indirect, wholly-owned subsidiary, Realogy Group LLC ("Realogy Group"), together with a co-issuer, priced $500 million aggregate principal amount of 3.375% senior notes due 2016 (the "Notes") in connection with their previously announced private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The size of the offering has been upsized from $450 million to $500 million. The closing of the offering is expected to occur on April 26, 2013, subject to customary closing conditions.

The Notes will be guaranteed on an unsecured senior basis by each of Realogy Group's domestic subsidiaries (other than the co-issuer of the Notes) that is a guarantor under its senior secured credit facility and certain of its outstanding securities. The Notes will also be guaranteed by the Company on an unsecured senior subordinated basis. The Notes will be effectively subordinated to all of Realogy Group's existing and future senior secured debt, including its senior secured credit facility and its outstanding senior secured notes, to the extent of the value of the assets securing such debt.

The Company intends to use the net proceeds from the offering of the Notes of approximately $494.5 million, along with borrowings under its revolving credit facility, to redeem all of the $492 million aggregate outstanding principal amount of 11.50% Senior Notes due 2017 at a redemption premium of 105.75%, plus accrued and unpaid interest to the redemption date. The proposed offering of the Notes is subject to market and other conditions, and may not occur as described or at all.

The Notes and the related guarantees will not be registered under the Securities Act or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes and the related guarantees will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.

This press release shall not constitute an offer to sell, or the solicitation of an offer buy, any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.

About Realogy

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in residential real estate franchising with company-owned residential real estate brokerage operations doing business under its franchise systems as well as relocation and title and settlement services. Realogy's brands and business units include Better Homes and Gardens? Real Estate, CENTURY 21?, Coldwell Banker?, Coldwell Banker Commercial?, The Corcoran Group?, ERA?, Sotheby's International Realty?, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise system members operate approximately 13,600 offices with 238,900 independent sales associates doing business in 102 countries around the world. Realogy is headquartered in Madison, N.J.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" relating to the offering of the Notes and the anticipated use of net proceeds therefrom. Statements preceded by, followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates" and "plans" and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Any statements that refer to expectations or other characterizations of future events, circumstances or results are forward-looking statements. These statements are subject to significant risks and uncertainties, including, without limitation, risks and uncertainties related to economic, market or business conditions and satisfaction of customary closing conditions related to the private offering. No assurance can be given that the offering of Notes discussed above will be consummated on the terms described or at all. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless we are required to do so by law.

Contacts:

Investor Relations

Alicia Swift
(973) 407-4669
alicia.swift@realogy.com

Jennifer Pepper
(973) 407-7487
jennifer.pepper@realogy.com

Media?

Mark Panus
(973) 407-7215
mark.panus@realogy.com

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Source: http://www.franchising.com/news/20130424_realogy_announces_pricing_of_its_offering_of_senio.html

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China Visit Sparks Dynamic Engagements, Dempsey Says | Albany ...

U.S. Army Gen. Martin E. Dempsey, left, chairman of the Joint Chiefs of Staff, meets with Chinese President Xi Jinping in Beijing, April 23, 2013. DOD photo by D. Myles Cullen

U.S. Army Gen. Martin E. Dempsey, left, chairman of the Joint Chiefs of Staff, meets with Chinese President Xi Jinping in Beijing, April 23, 2013. DOD photo by D. Myles Cullen


Published: April 24, 2013

By Albany Tribune

By Karen Parrish

With his visit to China nearly complete, Army Gen. Martin E. Dempsey said today he has been afforded good access to senior Chinese leaders, junior leaders and future leaders.

Dempsey, the chairman of the Joint Chiefs of Staff, said during a media roundtable that one thread common to the meetings he?s attended here is that with power comes responsibility ? local, regional and, increasingly, global.

Dempsey said his discussions in China, which is widely considered the world?s greatest rising power, have ranged from regional concerns such as territorial disputes to the potentially global issue of North Korea?s nuclear ambitions. Other major topics in his talks here this week, he said, included growing risk in the cyber domain and the U.S. rebalance to the Asia-Pacific region.

Earlier this week, Dempsey met separately with Chinese President Xi Jinping and State Councilor Yang Jiechi. He also met individually and in some group meetings with senior Chinese army officers, including Gen. Chang Wanguan, minister of national defense; Gen. Fan Changlong, vice chairman of the Central Military Commission; and his host for this visit, Gen. Fang Fenghui, chief of the general staff.

Addressing reporters? questions on North Korea today, Dempsey said the ballistic missile and nuclear tests Pyongyang has conducted show that nation is ?on a path that will certainly increase risk in the region, and ultimately could present risk globally.?

The United States has responded to North Korean provocations in the past, he noted, by denouncing North Korea?s path toward nuclear weapons and its failure to live up to agreements and U.N. Security Council resolutions against such development. The U.S. military posture toward a nuclear-armed North Korea is one of deterrence and preparedness, the chairman said.

?If they were to launch, we do have the capability to defend ourselves, our people, our facilities,? Dempsey added.

China, North Korea?s primary ally along with Russia, has been very clear that among its national interests is a non-nuclearized Korean Peninsula, Dempsey said. He added that he will leave China believing that its leaders are ?as concerned as we are? about the issue.

Dempsey said his meetings here did not touch on specific measures the Chinese might take in response to further North Korean actions.

?We think there?s still time for North Korea?s leaders to back away from further provocations, and we certainly hope they take the opportunity to do so,? he added.

To questions on cyber concerns involving China, Dempsey said he has the advantage of being able to build on decisions that already have been taken. He noted that during Secretary of State John F. Kerry?s visit here earlier this month, the Chinese agreed to form a cyber working group.

?I reinforced my belief that that was timely and appropriate,? the chairman said. ?We had a very useful discussion about how the challenges in cyber are migrating from theft to disruption, and left unaddressed, are likely to lead to destruction.?

The nations that have the strongest economies and rely most on technology are most vulnerable to cyber activity, Dempsey said. In discussions with Chinese leaders, he said, ?I encouraged them to put their best and brightest minds to seek a level of collaboration and transparency with us, because it will affect both of our futures.?

The chairman said he supports developing a code of conduct for cyber activity, likening the concept to Albert Einstein?s assertion that ?if I had 60 minutes to save the world, I should spend 55 minutes understanding the problem and only five minutes solving it.?

?I think we?re in that ?55 minutes,?? Dempsey said. ?I think we?re in that period of gaining a common understanding. ? Cyber continues to evolve, whether we would like it to or not.?

State, nonstate and individual actors all operate in the cyber domain, he said, and while cyber originated as an open-architecture system designed to allow information to move freely, ?there has to be some code of conduct established.?

The chairman also responded to reporters? questions about the territorial dispute between China and Japan over a group of uninhabited islands in the East China Sea, adjacent to possible undersea oil reserves. Japan refers to them as the Senkaku Islands, while in China they are known as the Diaoyu Islands.

Dempsey noted the United States doesn?t take sides in such disputes and urges peaceful resolution to all such issues.
In discussions, both he and the Chinese were ?very candid? about their respective positions on the islands, he said.

?In the case of Japan, in particular, I was careful to remind them that we do have certain treaty obligations with Japan that we would honor,? the chairman said. ?And therefore, it was in everyone?s best interest that this be resolved peacefully and without military coercion.?

The chairman said many of the senior and mid-level Chinese military leaders he spoke with here sought clarity about the U.S. rebalance to the Asia-Pacific region.

?I think I was successful in describing it as a long-term process,? he said. ?We?ve never suggested this would be something that would manifest itself overnight. But also, it was a strategic imperative for us to rebalance, over time, to the Pacific.?

Economic, security, and demographic trends all lead to the Asia-Pacific region, he said.

?Furthermore, I tell them this wasn?t about them, meaning China. Of course they?re a factor, ? but this wasn?t a strategy that was aimed at them in any way,? Dempsey said.

The chairman added that military considerations are only part of the broader U.S. regional strategy. ?I pointed out to them that among the first visitors who came here after our ? rebalancing initiative was announced was Jack Lew, the secretary of the treasury,? he said.

Dempsey noted that President Barack Obama and Chinese President Xi Jinping have discussed forging a new relationship between the two countries. ?That new relationship will, of course, be established in the context of our other and enduring relationships in the region,? he said.

In every case, Dempsey said, discussion about the rebalance was dynamic.

?I like to believe that my trip here has contributed to a greater understanding of what we?re doing and why,? he said. ?But it?s something that we?re going to have to continue to work over time.?

Today, the chairman visited China?s National Defense University, the 4th Aviation Regiment and the Army Aviation Academy.

The cadets Dempsey spoke with are training to become either maintainers or pilots of aircraft, he noted. In discussion with the Chinese cadets, Dempsey said, ?they probably asked me a dozen or more questions. One of the questions was about an issue of geostrategic importance, and 11 of them were about leadership.?

?It was fascinating, actually,? he added. ?I found them to be genuinely interested in how I described myself as a leader, what were the attributes I thought were important, ? [and] the difference between junior-level leadership and senior-level leadership.?

The chairman said his answer to the cadets was fundamentally the same thing he would tell a junior military leader in the U.S. forces.

?That is, that what we expect our junior leaders to do is to become competent in their chosen fields, so if you?re an aviator, you should aspire to be the best aviator that you can be,? Dempsey said. ?And then, spend as much time thinking about how to be a man or woman of character, because leadership is the combination of competence and character.?

Source: American Forces Press Service

Source: http://www.albanytribune.com/24042013-china-visit-sparks-dynamic-engagements-dempsey-says/

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