Monday, January 9, 2012

Retirement funds in Kentucky lose big with hedge fund failure

Retirement funds for Kentucky state and local workers see $100 million loss after hedge fund fails. Official expects to recoup the retirement funds lost.

A Connecticut-based hedge?fund?that included $100 million in investments by the Kentucky?Retirement?Systems has failed and will shut down.

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T.J. Carlson is chief investment officer for the Kentucky?Retirement?Systems. Carlson told the Lexington Herald-Leader that Arrowhawk Capital Partners of Darien, Conn., couldn't raise enough money from investors to succeed (http://bit.ly/wCj1l2?).

Carlson said on Thursday that the?retirement?system expects to get its $100 million back as Arrowhawk carefully unwinds its portfolio. The system oversees $13 billion in?retirement?funds?for state and local government employees.

Arrowhawk did not return a call seeking comment.

The decision to invest in Arrowhawk came under scrutiny in June when state Auditor Crit Luallen linked the fund?to a middleman who received about $6 million in fees for arranging the investments.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/6j2npEQDKso/Retirement-funds-in-Kentucky-lose-big-with-hedge-fund-failure

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Sunday, January 8, 2012

US Navy rescues Iranian fishing boat from pirates (AP)

WASHINGTON ? The political tensions between the U.S. and Iran over transit in and around the Persian Gulf gave way Friday to photos of rescued Iranian fisherman happily wearing American Navy ball caps.

The fishermen were rescued by a U.S. Navy destroyer Thursday, more than 40 days after their boat was commandeered by suspected Somali pirates in the northern Arabian Sea. The rescue came just days after Tehran warned the U.S. to keep its warships out of the Persian Gulf ? an irony not lost on U.S. officials who trumpeted the news on Friday.

"We think it's very doubtful that the Iranians or the pirates were aware of recent events of the last couple days," Rear Adm. Craig S. Faller, commander of the U.S. Navy Carrier Strike Group involved in the rescue, told reporters by phone Friday. "Once we released them (the fishermen) today they went on their way very happily, I might add, waving to us wearing USS Kidd Navy ball caps."

Faller, speaking from the aircraft carrier USS John C. Stennis in the Arabian Sea, said the fishermen, who had been living off the fish they could catch, expressed their thanks and are believed to be headed back to their homeport in Iran.

The rescue was carried out by American forces flying off the guided-missile destroyer USS Kidd, after crew on the Iranian fishing vessel, the Al Molai, made it clear they were in trouble.

The USS Kidd, part of the Stennis carrier group, was sailing in the Arabian Sea, after leaving the Persian Gulf, when it came to the sailors' aid. It was alerted to the hostage situation when the captain of the fishing boat spoke by radio to the Americans in Urdu ? a Pakistani dialect that he hoped the pirates near him would not understand ? and managed to convey that he needed help.

A U.S. Navy team helicoptered to the ship, boarded it without any resistance, and detained 15 suspected Somali pirates. They had been holding the 13-member Iranian crew hostage and were using the boat as a "mother ship" for pirating operations in the Persian Gulf.

"They were scared," U.S. Navy Cmdr. Jennifer L. Ellinger, commander of the USS Kidd, said of the Iranians. "They pleaded with us to come over and board their vessel, invited us to come over. And we reassured them that we would be on our way."

Amid escalating tensions with Tehran, the Obama administration reveled in delivering the news.

"This is an incredible story. This is a great story," State Department spokeswoman Victoria Nuland said, explaining that the very same American ships the Islamic republic protested for recently traveling through the Strait of Hormuz were responsible for the Iranian vessel's recovery.

"They were obviously very grateful to be rescued from these pirates," Nuland said.

The episode occurred after a week of hostile rhetoric from Iranian leaders, including a statement by Iran's Army chief that American vessels are no longer welcome in the Gulf. Iran also warned it could block the Strait of Hormuz, the strategic waterway that carries to market much of the oil pumped in the Middle East.

The Iranian threats, which were brushed aside by the Obama administration, were in response to strong economic sanctions against Iran over its disputed nuclear enrichment program. Last week, President Barack Obama signed into law new sanctions targeting Iran's Central Bank and its ability to sell petroleum abroad.

According to Faller and Ellinger, the incident began Thursday morning when the Navy got a distress call from a Bahamian-flagged ship, and saw six individuals in a small boat next to it, throwing what appeared to be weapons into the water. They checked but found no evidence of piracy, so they released the small boat, but followed it by helicopter.

The small boat headed back to the Iranian-flagged ship, where U.S. Navy officials said it looked like there were both Middle Eastern and Somali on board.

The radio conversation with the Iranian captain made it clear his crew was under duress, so the USS Kidd launched a Navy search and seizure team. The suspected pirates hid on the ship, but the Iranian crew told the team where they were, Ellinger said, adding that the pirates surrendered quickly.

"The Al Molai had been taken over by pirates for roughly the last 40-45 days," said Josh Schminsky, a Navy Criminal Investigative Service agent aboard the Kidd. "They were held hostage, with limited rations, and we believe were forced against their will to assist the pirates with other piracy operations."

Schminsky said the Iranian boat's captain thanked the U.S. for assistance. "He was afraid that without our help, they could have been there for months," Schminsky said in a prepared release.

The U.S. team gave the crew food, water and medical care, and on Friday morning they moved the captured pirates to the Stennis. They will remain there while the U.S. considers options for prosecution and consults with other nations that have joined forces against piracy.

"Sadly, this is not a new thing," Nuland told reporters, citing more than 1,000 pirates picked up at sea who are under prosecution in some 20 countries. "So this is always a question of where to send them and who will do the prosecution."

Asked if the rescue mission could provide a chance for a thaw in relations with Iran, Nuland declined to comment. She said the Navy had made a "humanitarian gesture" to take the Iranians onboard, feed them and ensure they were in good health before setting them off. She said the U.S. and Iranian governments have had no direct contact over the incident.

Defense Secretary Leon Panetta called Faller on Friday to congratulate him on the rescue, adding that, "When we get a distress signal, we're going to respond. That's the nature of what our country is all about."

___

Associated Press writer Bradley Klapper contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/iran/*http%3A//news.yahoo.com/s/ap/20120106/ap_on_go_ca_st_pe/us_us_navy_iran

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Saturday, January 7, 2012

Adidas London trainers reissued in light blue and white

London

There was a reissue in a dark blue some time back, but now there's a reissue of the Adidas London trainers in a light blue finish.

Yes, another version of the London. although this one has is more eye-catching than some, that's for sure. Originally seen in the late 1970s as part of the City Series, this is a faithful shape , with a suede upper, leather detailing, a contrast textured sole and a ridged tongue.

Light blue suede is the colour of that suede, with white leather stripes and gold branding. ?60 is the price.

Find out more at the Size? website

Source: http://www.hisknibs.com/2012/01/adidas-london-trainers-reissued-in-light-blue-and-white.html

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Adidas London trainers reissued in light blue and white

London

There was a reissue in a dark blue some time back, but now there's a reissue of the Adidas London trainers in a light blue finish.

Yes, another version of the London. although this one has is more eye-catching than some, that's for sure. Originally seen in the late 1970s as part of the City Series, this is a faithful shape , with a suede upper, leather detailing, a contrast textured sole and a ridged tongue.

Light blue suede is the colour of that suede, with white leather stripes and gold branding. ?60 is the price.

Find out more at the Size? website

Source: http://www.hisknibs.com/2012/01/adidas-london-trainers-reissued-in-light-blue-and-white.html

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Friday, January 6, 2012

Harry Potter conjures up a Golden Tomato (Reuters)

LOS ANGELES (Reuters) ? It's no Oscar, not even a Golden Globe. But in some circles in Hollywood, it's just as good, and on Friday British boy wizard Harry Potter pulled one out of his sorcerer's hat -- a Golden Tomato.

"Harry Potter and the Deathly Hallows - Part 2," the top box office draw of 2011, also earned the title best-reviewed, wide-release movie of 2011. Thus, it took the year's Golden Tomato from movie review website Rotten Tomatoes.

While the thought of winning a Golden Tomato might bring a smile to faces, winning one is no joke in Hollywood. It is a point of pride for filmmakers and signals studio bosses and producers as to which directors are hot among critics.

Matt Atchity, editor in chief of Rotten Tomatoes, notes that animated movie kingpin Disney/Pixar keeps its Golden Tomatoes in the same glass case as it does its Oscars.

Indeed, "Potter" producer David Heyman said in a statement that the filmmaking team was "especially appreciative that this award honors the final film in the series."

"Deathly Hallows - Part 2" earned $1.3 billion at worldwide box offices and scored a 96 percent "fresh," or positive, rating from 273 reviews compiled by Rotten Tomatoes.

"It is the best reviewed 'Harry Potter' of all. The other ones have had a Golden Tomato for best sci-fi film, but this is the first to win the wide release award," Atchity said.

Following it among major movies released broadly around the world were Brad Pitt-starring baseball film "Moneyball" at No. 2 with a 95 percent positive rating, and family comedy "The Muppets" at No. 3, which also scored 96 percent fresh but among a far fewer number of reviews, 160.

Among films in limited release, which generally speaking means in art house theaters or other venues that screen independent and lower-budget movies, documentary "Project Nim" earned the Golden Tomato as the No. 1-rated film of the year. It scored a 98 percent fresh rating from 124 reviews surveyed by Rottentomatoes.com.

"Nim" was followed by Iranian family drama "A Separation" with 100 percent positive rating, but again among far fewer critics, 62. At No. 3 was Oscar hopeful, silent-era comedy "The Artist" with a 97 percent fresh rating from 145 reviews.

"A Separation" also earned the distinction of being the best-reviewed foreign language film, and The Artist" also was singled out as the year's best-reviewed comedy.

Other highlights included "Mission: Impossible - Ghost Protocol" with a 94 percent positive rating being named the best action/adventure film, and "Drive" with a score of 93 was the top thriller.

A full list can be found at the website, www.rottentomatoes.com.

(Editing by Jill Serjeant)

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/nm/20120106/film_nm/us_harrypotter_goldentomato

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Police detain 20 in deadly Mexico prison riot

(AP)? MEXICO CITY ? Mexican authorities have detained 20 inmates for alleged involvement in a prison riot that killed 31 in a state bordering Texas and are investigating whether prison staff were also responsible.

No prison officials had been dismissed so far over the fight in which one cell block invaded another Wednesday afternoon, causing a brawl among prisoners armed with makeshift knives, clubs and stones, said Morelos Canseco, interior secretary of Tamaulipas state.

The fight at a penitentiary in the Gulf coast city of Altamira also injured 13 people.

Canseco told reporters Thursday the bloodshed had nothing to do with prison overcrowding. He said the facility, with a capacity of 1,626 prisoners, housed 1,058 inmates at the time of the brawl.

He said state police moved in to control the riot.

The area near the border with the state of Veracruz has seen a spike in drug violence in the last two months from warring cartels.

In late December, five gunmen attacked three buses in Veracruz, killing seven passengers, including three U.S. citizens, and four others in separate attacks. Twenty-three bodies were found along the border between the two states in the following days.

A U.S. government official in Mexico said the Gulf Cartel is battling its former allies, the Zetas, for control of territory and smuggling around Altamira, a very active port.

The official, who couldn't be identified for security reasons, said he had also heard reports that the prison riot was caused by infighting within the Gulf Cartel, which has been weakened by significant arrests in the U.S., Mexican government pressure and internal disputes.

"We don't have any indication that these incidents are tied together," the official said of the recent cartel violence. "It's very unclear what's happening there ... it's difficult to say on any given day who's in charge of a particular stretch of territory, but it's a war."

Deadly fights happen periodically in Mexican prisons as gangs and drug cartels stage jail breaks and battle for control of penitentiaries, often with the involvement of officials.

Another bloody fight in a prison in the Tamaulipas border city of Matamoros in October killed 20 inmates and injured 12.

In July, a riot at a prison in the border city of Juarez killed 17 inmates. Mexican authorities detained the director and four guards over that fight, where a surveillance video showed two inmates opening doors to let armed prisoners into a room where the slain victims were reportedly holding a party.

In one of the worst cases of corruption, guards and officials at a prison in Gomez Palacio, in the northern Mexican state of Durango, allegedly let inmates out in 2010, lent them guns and sent them off in official vehicles to carry out drug-related killings, including the massacre of 17 people.

A riot at the same facility in 2009 killed 19 people. Twenty-three people were killed in a separate prison riot in Durango city in 2010.

Some 29 inmates were killed in two incidents on the same day in 2010 in Mazatlan in western Sinaloa state, home of the powerful cartel of the same name.

Another Tamaulipas prison riot killed 21 in Reynosa in 2008, while two prison riots in Tijuana that year killed a total of 23.

Canseco said Tamaulipas has been trying to professionalize its prison employees in an effort that predates Wednesday's deadly clash.

Source: http://feeds.cbsnews.com/~r/CBSNewsGamecore/~3/89tJPfXEFmc/

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Spinal Manipulation, Home Exercise May Ease Neck Pain (HealthDay)

MONDAY, Jan. 2 (HealthDay News) -- Spinal manipulation and home exercise are more effective at relieving neck pain in the long term than medications, according to new research.

People undergoing spinal manipulation therapy for neck pain also reported greater satisfaction than people receiving medication or doing home exercises.

"We found that there are some viable treatment options for neck pain," said Gert Bronfort, vice president of research at the Wolfe-Harris Center for Clinical Studies at Northwestern Health Sciences University in Bloomington, Minn.

"What we don't really know yet is how to individualize these treatments for each particular patient. All are probably still viable treatment options, but what we don't know is what each particular patient will need," Bronfort said, adding that it's possible a combination of treatments might be helpful, too.

Results of the study are published in the Jan. 3 issue of the Annals of Internal Medicine. Funding for the study was provided by the U.S. National Center for Complementary and Alternative Medicine.

Neck pain is an extremely common problem. About three-quarters of adults report having neck pain at some point in their lives, according to background information in the study. Neck pain is responsible for millions of health care visits each year, and it can have a negative impact on quality of life.

Spinal manipulation is one type of treatment that's offered for neck pain, and it can be administered by chiropractors, physical therapists, osteopaths and other health care providers, according to the study.

But, there isn't much evidence for treating neck pain with spinal manipulation. There also isn't a great deal of information on how effective medications or home exercise programs are for treating neck pain, the researchers noted.

Bronfort and colleagues thought that spinal manipulation might prove to be more effective than medications or home exercise therapy. To test their hypothesis, they recruited 272 people between the ages of 18 and 65 who had neck pain. Their neck pain had no known cause, such as a trauma or pinched nerve, and the patients been experiencing the pain for between two and 12 weeks when the study began.

The study volunteers were randomly selected for one of three treatment groups. One group received spinal manipulations over a 12-week period. Each individual was allowed to choose the number of spinal manipulations they felt they needed.

The second group received medications, both over the counter and prescription, depending on their needs. First-line medications included nonsteroidal anti-inflammatory medications or acetaminophen (Tylenol). If people didn't get relief from these drugs, narcotic pain medications and muscle relaxants were offered.

The third group was assigned two one-hour sessions of home exercise. The goal of the home-exercise program was to improve movement in the neck area. Participants were instructed to do the exercises six to eight times per day.

At the 12th week, 82 percent of people receiving spinal manipulation reported at least a 50 percent reduction in pain, compared with 69 percent of those on medication and 77 percent doing home exercises. Also at week 12, of people receiving spinal manipulation, 32 percent reported feeling a 100 percent reduction in pain, compared with 13 percent on medications and 30 percent doing home exercises.

At one year, 27 percent of those receiving spinal manipulation said they felt a 100 percent reduction in pain versus 17 percent of those on medications and 37 percent of those doing home exercises.

"For me, as an ER doctor, this study offers an interesting perspective," said Dr. Robert Glatter, an attending physician in emergency medicine at Lenox Hill Hospital in New York City. "It's a small study, but it found that home exercises and spinal manipulation were effective. So, should we be referring to physical therapists, osteopaths or chiropractors from the ER?"

"This study shows that basically neck pain will get better on its own," said Dr. Victor Khabie, chief of the departments of surgery and sports medicine at Northern Westchester Hospital in Mount Kisco, N.Y. "It would've been good if they had a no-treatment group, too," he added.

"Everyone heals differently. There are different pathways to healing, and whether you feel you're better off with chiropractic, home exercises or medications, this study shows that all three are basically just as effective. Whatever your pathway to healing, in about six to eight weeks, you should start to feel better," said Khabie.

He also noted that it's important for anyone receiving spinal manipulation to know that there are rare, but serious risks that can occur with neck manipulations.

All three experts said anyone experiencing neck pain needs to have it evaluated to make sure there isn't a serious or correctable cause of the pain. This is especially true if you've been in a car accident, or if you have any neurological symptoms, such as repeatedly dropping things, or if you have pain radiating down your arm.

More information

Learn more about neck pain, its causes and treatment from the U.S. National Library of Medicine.

Source: http://us.rd.yahoo.com/dailynews/rss/health/*http%3A//news.yahoo.com/s/hsn/20120103/hl_hsn/spinalmanipulationhomeexercisemayeaseneckpain

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