Wednesday, November 2, 2011

Bearish Moving Average Cross by News Corp (NWS) - FNN Online News

Today, shares of News Corp (NASDAQ:NWS) have fallen below their 10-day MA of $17.46 on a volume of 1.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
News Corp share prices have moved between a 52-week high of $19.08 and a 52-week low of $13.83 and are now trading 25% above that low price at $17.22 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.
Potential upside of 18.6% exists for News Corp, based on a current level of $17.22 and analysts' average consensus price target of $20.43. The stock should hit resistance at its 200-day moving average (MA) of $17.37, as well as support at its 50-day MA of $16.72.
News Corporation is a diversified global media company. The Company's operations include the production and distribution of motion pictures and television programming. The Company provides television, direct satellite, and cable broadcasting and the publication of newspapers, magazines, books and promotional inserts.









Tuesday, November 1, 2011

El Mirage is Moving Beyond Luke Air Force Base Dispute - Az Central News

by Dustin Gardiner - Oct. 30, 2011 12:00 AM
The Arizona Republic
A year ago, a new mayor and City Council were elected in El Mirage largely on a single issue: reversing the city's much-criticized stance on nearby Luke Air Force Base.
The city had enraged leaders across the state with its skeptical position on basing F-35 fighter-jet training at Luke, a $2 billion-a-year economic engine in Arizona.
Now, El Mirage officials have patched relations with neighboring cities and are trying to move beyond the shadow of the F-35 dispute. Their hope is that the small northwest Valley city can recast itself through economic development.
"We've had enough adversity and it's time to grow our own neighborhoods and city," Mayor Lana Mook said. "We're here to partner and be good neighbors."
City leaders have begun aggressively pursuing new projects, such as an $8.5 million bond election on the ballot in November and a $55 million expansion of a key roadway.
It's an uphill effort for a low-income community founded by migrant farmworkers. Many of the homes in its historic core are adobe structures owned by the grandchildren of its original residents.
There are few major employers and no large retail centers. The biggest retail draws are a Food City and Walmart.
Mook said repairing El Mirage's reputation was just a start. The city must expand its tax base and provide amenities to attract new residents.

Bond proposal

At the top of the new council's list is a Nov. 8 bond election. Voters will decide if the city can issue $8.5 million in general obligation bonds to build a new police station and recreation center, most likely a YMCA, with a swimming pool.
Compared with larger projects elsewhere in the West Valley, the bond proposal sounds miniscule. But it has ignited a debate about the city's future and what upgrades struggling residents can afford.
If approved, $6 million would pay for a new police station. The city's existing station is a grouping of trailers and temporary buildings. Bond supporters said the compound is cramped, not properly heated or cooled, and lacks security.
The remaining $2.5 million would be used to help build a recreation center with a pool. El Mirage would have to supplement bond financing with an estimated $3 million loan from the Greater Arizona Development Authority.
Council members, who voted 6-1 to put the bonds proposal on the ballot, say a permanent police station and recreation amenities create a higher quality of life and help attract businesses.
They said the facilities are sorely needed after a decade of rapid growth - El Mirage's population has more than quadrupled since the 2000 census, to more than 31,000.
"Where does El Mirage lack compared to other cities? A lot," Mook said. "We just thought the citizens have a right to decide what kind of future they want and if they want to pay for it."
An opposition group, Stop Taking Our Paycheck Coalition, or STOP, has decided residents shouldn't pay for the projects. Its members say a property-tax increase tied to the bonds is a burden many of El Mirage's residents cannot afford. The city raised its property taxes and utility rates earlier this year.
A resident whose home is valued at $68,000, the median home price in El Mirage, would pay roughly an additional $24 in taxes each year for the next 30 years.
"City hall is ignoring the needs and concerns of its residents and is pursuing another tax increase that will cause additional economic hardship," said Robert Winefsky, leader of the group.

Business corridor

Another focus has been developing the city's vacant commercial lots along El Mirage Road near Luke. Restrictions meant to protect the Glendale base from encroachment have prevented residential development in the city's southern area.
The previous council and city management complained the limitations crippled the city's economic growth and traveled to Washington, D.C., to ask for $400 million to offset perceived harm. They also raised concerns that noise from the louder F-35 could hurt property values and cause health problems.
El Mirage's new leaders say they're instead focused on cooperating with the base, and they think the F-35 could bring new, related industries to the city.
Luke is the Air Force's preferred site to train pilots for the F-35 Joint Strike Fighter, and an environmental-impact study is under way to determine its feasibility. The jet would replace Luke's aging fleet of F-16s, which are being phased out.
This summer, El Mirage signed an agreement with the Maricopa County Department of Transportation to expand a portion of El Mirage Road, its main north-south thoroughfare, to seven lanes. It would be limited to five lanes through downtown.
City officials said widening the two-lane road will help open the undeveloped area to more commercial and light industrial growth by providing better access for freight trucks. The project will cost about $55 million, with most from regional transportation sales-tax revenue. El Mirage and the county have each agreed to contribute $6 million. Construction will begin in about two years.
In the city's downtown, the emphasis will be on creating a more pedestrian-friendly, vibrant corridor by burying power lines, improving intersections and beautifying the streetscape. The plan is to create a district of small and home-based businesses, such as boutiques and restaurants.
Councilman Roy Delgado said the road expansion ultimately will lead to an El Mirage where residents can find well-paying jobs and spend money in their own city.
"We'll offer our residents a place to shop instead of going out of town," Delgado said. "Once we get the road built, we'll be open for business."



Source: http://www.azcentral.com/news/articles/2011/10/30/20111030el-mirage-moving-beyond-luke-dispute.html




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Should Salmon Farms Move Inland? - The New York Times News

The detection of infectious salmon anemia, a lethal virus, in two juvenile wild sockeye salmon in British Columbia has reinvigorated a long-running debate about the sustainability of the aquaculture industry, particularly salmon farms.
Worldwide, the majority of salmon farms are situated in the ocean, with a net the only barrier between the farmed fish and the wild ones. Such pens produce thousands of tons of fish each year, said Gary Marty, a fish pathologist for the Ministry of Agriculture in British Columbia.
Some scientists and environmentalists are calling for moving the salmon farms to inland freshwater pens to protect the ocean environment.
The two wild sockeye with the virus were discovered along the province’s central coast. Some biologists suspect that the ailment could have spread from the saltwater salmon farms.
“This form of fish farming has lots of opponents,” said Daniel Pauly, a fisheries biologist at the University of British Columbia.

Glen Spain, the Northwest regional director for the Pacific Coast Federation of Fishermen’s Associations, suggests that onshore farms would diminish the need for “these massive undertakings in the wild.”
For now, though, there is no indication that moving farms onto land is a viable plan. “That’s probably not a standard thing we’d do, moving onto land,” Dr. Marty said. For starters, such a move would cost $1 billion to $2 billion, he said.
Although moving the farms would protect wild fish, diseases can still develop inland, Rosamond Naylor, the director of the Center on Food Security and the Environment at Stanford University, noted. She also points out that an inland system is more costly to operate and consumes more energy as clean water is replenished.
“I don’t think you can reach the same scale of production without increasing consumer prices quite a bit,” she said.
Still, open-water salmon farming has numerous negative environmental consequences because so many factors are harder to manage, Dr. Pauly said. Infectious salmon anemia is only the meltdown point amid a host of other problems, he added.
Sea lice, the parasitic crustaceans that feed on live fish tissues, are prolific in the ocean farms and can jump from farmed fish to wild ones that pass by the enclosures. Chemicals are used to treat the lice, and the parasites may quickly develop resistance to them. Sediment on the bottom of aquaculture ponds creates a mini dead zone.
High levels of antibiotics are sometimes used to treat bacterial diseases, and farmed fish that escape may then interbreed with wild fish and compete with them for resources. An estimated 3 to 5 percent of all farmed fish escape their pens, usually through events like storms or during common procedures like cleaning pens or transporting the fish
It’s also easier for companies to avoid regulations when operating out in the ocean, said Mr. Spain of the fishermen’s federation, “and that’s a recipe for disaster.”
Norwegian-owned Marine Harvest, the world’s largest salmon farming company, which owns 55 percent of the salmon farms in British Columbia, has been charged with four counts of illegal possession of wild Canadian salmon and herring.
In an e-mail, Ian Roberts, a spokesman for Marine Harvest, confirmed that the company would plead guilty to the charges.
Since 2001, the company has been fined more than $125,500 in British Columbia, Scotland, and Chile for other violations including pollution, breaching water-use licenses and lax health and safety standards for workers.
Some experts advocate a total ban on salmon farming, on land or at sea.
“Aquaculture of carnivores is hopeless and extremely wasteful,” said Dr. Pauly, who supports such a ban. The farmed fish are fed with species that people could consume, he said, so it ends up contributing to human demand for the wild stocks of other species.
For every pound of salmon produced, five pounds of wild fish are needed, usually in the form of anchovies, sardines, or mackerel. “It’s like feeding tigers a ton of livestock to get tiger meat,” says Alex Muñoz Wilson, the vice president in Chile for the nonprofit ocean conservation group Oceana.
Many of these feed fish are species that people could eat, Mr. Muñoz said. A decade ago in Chile, the annual mackerel catch was around four million tons, he said. Today, only about 200,000 tons are harvested annually, he said, although the salmon farms are only partly responsible.
“I think in the long run, salmon aquaculture creates more problems than benefits,” Mr. Muñoz said.
On the other hand, said Ray Hilborn, a professor of aquatic and fishery sciences at the University of Washington, salmon farming “looks pretty good compared to livestock farming.”
About 30 to 40 million tons of fish are caught each year that are unmarketable for humans, he says, and much of that surplus now goes to salmon. He says that salmon aquaculture takes up much less space than livestock farms: Norway’s annual 500,000 tons of salmon production covers an area about the size of the Oslo airport, he noted.
“You can’t look at the environmental impacts of salmon farming in isolation,” Dr. Hilborn said. 









Wall Street Protests Growing and 'Moving Fast' - USA Today News

WASHINGTON – As Occupy Wall Street demonstrations around the USA and the world continue to grow, nearly $300,000 has been donated through a website and visitors to the park in New York where it all started.
The demonstrations worldwide have emboldened those camped out at Manhattan's Zuccotti Park, but not without conflict.
"We're moving fast, without a hierarchical structure and lots of gears turning," said Justin Strekal, a college student and political organizer who traveled from Cleveland to New York to help. "… Egos are clashing, but this is participatory democracy in a little park."

Hundreds of protesters on Monday mingled with bemused bank workers in a new tent camp outside London's St. Paul's Cathedral. But in Seattle, police arrested people who wouldn't move their tents from a park.
The demonstrations against corporate greed spread around the world over the weekend; protests turned violent in Rome.
Though demonstrations were largely peaceful, 175 people were arrested in Chicago early Sunday after refusing to take down tents in a city park. Dozens of others were arrested from New York to Arizona on Saturday.
The protests are loosely organized, but a general theme is based on the theory that the richest 1% of the population controls a disproportionate share of wealth and political power. Complaints focus on the 9.1% U.S. unemployment rate, the housing crisis and the wars in Afghanistan and Iraq.
"The majority of people in this country and around the world are tired of big corporations and big money ruling the world," said Bruce Wright, 50, of St. Petersburg, Fla., who helped organize the demonstration at Freedom Plaza in Washington.
"If we want revolutionary change in this country, we have to be willing to do the same things that they're doing in Tunisia and Egypt," he said.
Larry Sabato, director of the Center for Politics at the University of Virginia, said now that the Occupy Wall Street movement has grown, the question is whether it can organize for political effect.
"The easier part is protesting," he said. "It's the nitty-gritty work of politics, day in and day out, that actually makes a difference in an election season."
Protesters are intent on building on momentum gained from weekend demonstrations.
Bill Dobbs, a press liaison for Occupy Wall Street in New York, said the nearly $300,000 has been put into an account at Amalgamated Bank, which bills itself as "the only 100 percent union-owned bank in the United States."
Donated goods ranging from blankets and sleeping bags to cans of food and medical and hygienic supplies are being stored in a cavernous space donated by the United Federation of Teachers, which has offices in the building a block from Wall Street near the private park protesters occupy.
Among the items are 20 pairs of swimming goggles (to shield protesters from pepper-spray attacks). Supporters are shipping about 300 boxes a day, many with notes and letters, Strekal said.
Over the weekend:
President Obama referred to the protests at Sunday's dedication of a monument for Martin Luther King Jr., saying the civil rights leader "would want us to challenge the excesses of Wall Street without demonizing those who work there."
•In Chicago, 2,000 attended a protest, and then 500 set up camp at an entrance to Grant Park before police began the arrests.
•In New York City, thousands of protesters in Times Square chanted, "Banks got bailed out! We got sold out!" and 42 were arrested for taking down police barriers. Two-dozen were arrested after entering a Citibank branch and refusing to leave.
•In Arizona, about 100 people were arrested — 53 in Tucson and 46 in Phoenix — after protesters refused police orders to disperse. In Phoenix, 1,000 people packed César Chávez Park to protest abuses by banks and corporations. Several hundred rallied in Tucson's Military Plaza Park.
Elsewhere Saturday: About 1,500 demonstrators marched for several blocks in Pittsburgh; an estimated 1,500 marched past banks in Orlando; about 1,000 rallied in downtown Denver and nearly 200 spent the night in Detroit's Grand Circus Park.
Similar demonstrations took place in London, Toronto and Mexico City. In Rome, protesters broke away from the main demonstration, smashing shop and bank windows, and burning cars. Mayor Gianni Alemanno estimated the damage to city property at $1.4million.









Folk Music Conference Moving to KCMO - Kansas Public Radio News

Date: November 1, 2011
   An international folk music organization is moving its annual conferences and its operations from Memphis to Kansas City, Missouri. The Folk Alliance has met in Memphis since 2007. Its 2013 meeting is scheduled to be held in Toronto. After that, the music conference will be held in Kansas City for five years, according to The Memphis Commercial Appeal newspaper. The 2012 meeting at the downtown Memphis Marriott Hotel is the last one scheduled for Memphis, although the group's president said the city could bid on future events. Folk Alliance president Louis Jay Meyers said the event has outgrown the hotel and said reduced international flights into Memphis International Airport are an issue. The Memphis Convention & Visitors Bureau estimates the convention pumps about $2 million into the local economy.









Harwinton, Burlington Moving Shelters Due to Demand - Register Citizen News

HARWINTON/BURLINGTON - Harwinton and Burlington are moving their shelters due to increasing demand.

Burlington First Selectman Cathy Bergstrom said the main shelter is being moved from the town hall to Lewis Mills High School.

More than 25 people stayed overnight at the town hall Monday, which Bergstrom said is about the limit of that shelter. The high school can hold about 60 residents, and has 10 men's and 10 women's showers available. Residents are encouraged to bring their own food, but there will be some Meals Ready to Eat (MREs) available for distribution to those who need them.

Harwinton First Selectman Frank Chiaramonte said that town's shelter is being moved from the senior center to Harwinton Consolidated School. The senior center also saw about 25 residents staying over Monday night, and the school can hold several dozen residents.

Chiaramonte said he does not believe the school has showers, but residents can use the showers at Lewis Mills.

Region 10 schools have been canceled for the rest of the week due to the schools serving as shelters. 








Moving Forward for Widowed Persons to meet for dinner on Nov. 5 - Independent Mail News

— Moving Forward for Widowed Persons will have dinner at 5 p.m. Nov. 5 at Los Amigos in Seneca. All widowed persons are invited to come and join in the fun and fellowship.
For more information, call Jay or Joyce at (864) 972-9208 or (864) 419-3624.


Source: http://www.independentmail.com/news/2011/nov/01/moving-forward-widowed-persons-meet-dinner-nov-5/?partner=yahoo_feeds




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