Yahoo's 3Q shows company remains in financial funk

(AP) ? Yahoo's third-quarter results showed little evidence of ending the financial funk that got former CEO Carol Bartz fired last month.

The lackluster performance announced Tuesday may increase the pressure on Yahoo to sell itself in parts or as a whole.

Yahoo earned $293 million, or 23 cents per share, in the July to September period. That compared with net income of $396 million, or 29 cents per share, at the same time last year. It wasn't an apples-to-apples comparison because of one-time gains in both quarters.

Revenue fell 24 percent from the same time last year to $1.22 billion.

After subtracting ad commissions, Yahoo's revenue stood at $1.07 billion. That was a 5 percent drop from the same time last year.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2011-10-18-Earns-Yahoo/id-788a20c09ee042158ca1593fbb089135

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All against Cain: Upstart targeted in GOP debate

Republican presidential candidates former Massachusetts Gov. Mitt Romney, left, and Texas Gov. Rick Perry spar during a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Chris Carlson)

Republican presidential candidates former Massachusetts Gov. Mitt Romney, left, and Texas Gov. Rick Perry spar during a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Chris Carlson)

Republican presidential candidates businessman Herman Cain, left, shakes hands with former Massachusetts Gov. Mitt Romney before a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Chris Carlson)

Republican presidential candidate businessman Herman Cain waves to the crowd before a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Isaac Brekken)

Republican presidential candidates, from left, former Pennsylvania Sen. Rick Santorum, Rep. Ron Paul, R-Texas, businessman Herman Cain, former Massachusetts Gov. Mitt Romney, Texas Gov. Rick Perry, former House Speaker Newt Gingrich and Rep. Michele Bachmann, R-Minn., pose for a photo before a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Isaac Brekken)

Republican presidential candidates Herman Cain, left, shakes hands with Texas Gov. Rick Perry, right, as former Massachusetts Gov. Mitt Romney looks on before a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Isaac Brekken)

(AP) ? Republican presidential contenders attacked upstart Herman Cain's economic plan as a tax increase waiting to happen Tuesday night, moving swiftly in a fiery campaign debate to blunt the former businessman's unlikely rise in the race for the party's nomination.

Old animosities flared, too, as former Massachusetts Gov. Mitt Romney and Texas Gov. Rick Perry swapped criticism in unusually personal terms. "You have a problem with allowing someone to finish speaking," Romney declared as the two men interrupted one another repeatedly in a disagreement over immigration, one of several vigorous clashes they had.

In a bow to Nevada voters, who will be among the first to choose among the candidates early next year, no one said he wanted to open a proposed nuclear waste repository at Yucca Mountain in a remote part of the state.

The fifth debate in six weeks ranged over familiar and contentious territory ? from immigration and health care to the economy and energy, often in antagonistic terms. The candidates engaged each other more directly and sometimes more heatedly than in previous debates.

But Cain's unlikely rise from asterisk in the polls to contender was clearly on the minds of his rivals on stage in a hotel along the Las Vegas Strip.

Rep. Michele Bachmann of Minnesota led the verbal assault moments after the debate began, saying his call for a 9 percent federal sales tax would only be the beginning, with the rate rising later.

Former Sen. Rick Santorum of Pennsylvania wasn't nearly as gentle, citing one analysis that found that taxes would go up for 84 percent of the nation's households if Cain's proposal went into effect. "We're talking about major increases in taxes," he said, adding that a single person and a couple with children with the same income would pay the same tax under Cain's proposal.

Undeterred, Cain insisted the charges were untrue. He said he was being criticized because lobbyists, accountants and others "want to continue to be able to manipulate the American people with a 10-million- word mess," the current tax code.

Cain's proposal is for a 9 percent personal income tax, a 9 percent corporate tax and a 9 percent national sales tax.

The former pizza company CEO is the latest and unlikeliest phenomenon in the race to pick a Republican rival for President Barack Obama. A black man in a party that draws few votes from Africans Americans, he had bumped along with little notice as Romney sought to fend off one fast-rising rival after another.

That all changed in the past few weeks, after Perry burst into the race and then fell back in the polls. However unlikely Cain's rise, Tuesday night's debate made clear that none of his rivals are willing to let him go unchallenged.

"Herman, I love you, brother, but let me tell you something, you don't need to have a big analysis to figure this thing out," Perry said to Cain. "Go to New Hampshire where they don't have a sales tax and you're fixing to give them one," he said, referring to the state that will hold the first primary early next year.

The debate was the fifth since Labor Day, and the last scheduled for nearly a month in a race that is fluid in more than one way.

While polls chart a series of rises and falls for various contenders ? Romney remaining at or near the top ? the schedule is far from set. Florida's decision to move up its primary set off a scramble as Iowa maneuvered to make sure its caucuses are the first real test of the race and New Hampshire works to protect its half-century distinction as host to the first primary.

It was Perry who instigated the confrontation over immigration, saying that Romney had no credentials on the issue because he had once hired an illegal worker, the "height of hypocrisy."

Romney denied the charge, saying he had hired a company to mow his lawn and did not know that it had an illegal immigrant on its payroll.

The two men talked over one another, and at one point, Romney placed his hand on Perry's shoulder.

"It's been a tough couple of debates for Rick. And I understand that so you're going to get nasty," he said.

As Perry continued to speak, Romney stopped him: "You have a problem with allowing someone to finish speaking, and I suggest that if you want to become president of the United States, you've got to let both people speak," he said.

On a more substantive level, Perry said he opposed repealing the portion of the 14th Amendment to the Constitution that says anyone born in the United States is automatically a citizen.

Bachmann, Santorum and Rep. Ron Paul of Texas all sidestepped the question.

Cain found himself on the defensive on two others issues during the two-hour debate.

He apologized for earlier remarks about building an electric fence on the Mexico border that could kill people trying to cross illegally.

And he said he wouldn't be willing to negotiate with terrorists, even though he suggested he might be in an interview earlier in the day.

Foreign policy took a secondary role in the debate, and the new strain of Republican isolationism quickly surfaced.

Paul said U.S. troops should be withdrawn from Korea ? where they have been stationed for more than 50 years ? and foreign aid to Israel cut.

Perry said it was "time to have a very serious discussion about defunding the United Nations."

Former Utah Gov. Jon Huntsman skipped this debate, saying he was boycotting the Nevada caucuses in a dispute over the primary and caucus calendar. He is campaigning exclusively in New Hampshire in hopes of a victory that can move him into the thick of the race.

Not only Republicans, but Obama was also critical of Cain's economic plan during the day.

In an interview with ABC News, Obama said it would be a "huge burden" on middle-class and working families.

___

Associated Press writer Steve Peoples in Washington contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-10-18-Republicans-Debate/id-46719aa8f31b416e8b8970e23fd5b344

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Theft of Obama audio truck probed in Virginia (Reuters)

WASHINGTON (Reuters) ? Authorities are investigating the theft of a truck that a Virginia television station said held President Barack Obama's teleprompter and other speaking equipment.

WWBT in Richmond said a truck holding a portable sound system, presidential seals and other equipment was stolen from the parking lot of a hotel in Chesterfield, Va., about 100 miles south of Washington.

The vehicle was recovered in the parking lot of another hotel on Monday afternoon, WWBT reported on its website, citing sources. It put the value of the equipment at about $200,000.

The Defense Information Systems Agency, which provides communications support for the president and other officials, said a government vehicle had been stolen and recovered.

"No classified or sensitive information was in the vehicle," it said in an e-mailed statement.

"We take incidents such as this very seriously, and a formal investigation is continuing in coordination with relevant law enforcement agencies."

A DISA spokeswoman declined to give more details. A spokesman for the Henrico County police was not available to comment.

Obama is on a bus tour of North Carolina and Virginia in an effort to get his jobs plan through Congress. He is scheduled to speak in North Chesterfield, Virginia on Wednesday.

(Reporting by Ian Simpson)

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/nm/20111018/us_nm/us_obama_theft

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Super-sized muscle made twin-horned dinosaur a speedster

Monday, October 17, 2011

A meat-eating dinosaur that terrorized its plant-eating neighbours in South America was a lot deadlier than first thought, a University of Alberta researcher has found.

Carnotauruswas a seven-metre-long predator with a huge tail muscle that U of A paleontology graduate student Scott Persons says made it one of the fastest running hunters of its time.

A close examination of the tail bones of Carnotaurus showed its caudofemoralis muscle had a tendon that attached to its upper leg bones. Flexing this muscle pulled the legs backwards and gave Carnotaurusmore power and speed in every step.

In earlier research, Persons found a similar tail-muscle and leg-power combination in the iconic predator Tyrannosaurus rex. Up until Persons published that paper, many dinosaur researchers thought T. rex's huge tail might have simply served as a teeter-totter-like counterweight to its huge, heavy head.

Persons' examination of the tail of Carnotaurus showed that along its length were pairs of tall rib-like bones that interlocked with the next pair in line. Using 3-D computer models, Persons recreated the tail muscles of Carnotaurus. He found that the unusual tail ribs supported a huge caudofemoralis muscle. The interlocked bone structure along the dinosaur's tail did present one drawback: the tail was rigid, making it difficult for the hunter to make quick, fluid turns. Persons says that what Carnotaurus gave up in maneuverability, it made up for in straight ahead speed. For its size, Carnotaurushad the largest caudofemoralis muscle of any known animal, living or extinct.

Persons published these findings in PLoS ONE on Oct.14, with supervisor Philip Currie, a paleontology professor at the U of A.

###

University of Alberta: http://www.ualberta.ca

Thanks to University of Alberta for this article.

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A Conversation With Jack W. Szostak: From Telomeres to the Origins of Life

[unable to retrieve full-text content]After his work on telomeres, which won a Nobel Prize in 2009, Dr. Szostak took up a new challenge: understanding the origins of life.

Source: http://feeds.nytimes.com/click.phdo?i=8a05d08021ba84dd057ea94dd0606f1e

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Sponsored Post: Luis Lopez Automotive has been keeping motorists ...

Luis Lopez Sr., 1968

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Luis Lopez Sr. served in the U.S. Army during the height of the Cold War in Wildflecken, Germany. During his tour of duty, he serviced and repaired Army vehicles, keeping our troops going. This experience gave him the skills and satisfaction that lead him to continue servicing and fixing vehicles for others after being honorably discharged. Luis Lopez Sr. has been providing this service since 1968.

Luis Lopez Jr. grew up working on cars and started working with his father full-time shortly after college. In addition to working on cars, Luis Jr. also enjoys working on community issues. Luis Jr. is a community activist who is deeply involved in preserving the local community and improving those areas that need improvement. Luis Jr. has been an active Board Member of the Atwater Village Chamber of Commerce since 2002 and has deep roots Atwater?s business community. He has also an active member of Friends of Atwater Village, a local 501 (3) non-profit group and co-author of the ?Images of America: Atwater Village? book.

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Source: http://www.theeastsiderla.com/2011/10/sponsored-post-luis-lopez-automotive-has-been-keeping-motorists-on-the-road-since-1968/

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High school football player dies after game in NY

Phoenix Central School District Director of Personnel Karl Seckner, left, and Superintendent Judith Belfield where at John C. Birdlebough High School to comfort athletes and students who gathered together Saturday morning, Oct. 15, 2011, in Phoenix, N.Y., the day after a football player from the school died after getting hit during a game. (AP Photo/The Syracuse Newspapers, John Berry) MAGS OUT, TV OUT, NO ARCHIVE

Phoenix Central School District Director of Personnel Karl Seckner, left, and Superintendent Judith Belfield where at John C. Birdlebough High School to comfort athletes and students who gathered together Saturday morning, Oct. 15, 2011, in Phoenix, N.Y., the day after a football player from the school died after getting hit during a game. (AP Photo/The Syracuse Newspapers, John Berry) MAGS OUT, TV OUT, NO ARCHIVE

A student enters John C. Birdlebough High School Saturday morning, Oct. 15, 2011 in Phoenix, N.Y., the day after a football player at the school died after getting hit during a game. (AP Photo/The Syracuse Newspapers, John Berry) MAGS OUT, TV OUT, NO ARCHIVE

(AP) ? A high school football player died after he was hit during a varsity game in upstate New York and suffered a head injury, a death that stunned his school community and came at a time when youth sports are under scrutiny over whether enough is being done to protect players' heads.

Ridge Barden, a 16-year-old lineman from John C. Birdlebough High School in Phoenix, was face down after the play Friday and was able to sit up, but he complained of a very bad headache and collapsed when he tried to stand, authorities said.

"The coaches and trainers went over. He was talking. He rolled on his back by himself," Phoenix School District Superintendent Judy Belfield said Saturday.

Birdlebough was playing at Homer, south of Syracuse. The hit came about six minutes into the third quarter during a play, Homer police officer Donald Warner said.

An ambulance took Barden to a hospital, and he was being transferred to a larger medical center in Syracuse when his condition deteriorated, Belfield said. The ambulance turned around, but doctors were unable to save the boy's life.

Team coaches didn't learn until after the game that his injuries were severe, Belfield said. She said the school community was distraught. Officials opened the high school Saturday to students or staff who wanted to talk about what had happened.

"It just one of those freak things," she said. "The Homer players have to be feeling just as much sadness."

The Homer Central School District posted a message on its website Saturday morning saying the community had been "deeply saddened and shares in the grief of the Phoenix School Community."

Warner, who was working at the game, said police were investigating but there was no suspicion of criminal activity.

"It looks like just a bad accident," he said.

Head injuries in football have been a concern across the country in recent years, with some medical evidence emerging to suggest that the equipment players use may not be enough to protect them from serious, long-term injuries.

A handful of high school students suffer fatal on-field injuries every fall, according to the University of North Carolina's National Center for Catastrophic Sport Injury Research. A player at Frostburg State University, in Maryland, died after suffering a head injury in a practice in August.

Belfield said the school district sends its football helmets out to be reconditioned every year, and that each has to pass a safety inspection before the season begins.

"Over the course of the past few years, they have really tried to improve the protection of the head. But there is always a risk of injury or of death," she said. She added that an investigation would be conducted to try to determine what went wrong.

In New York, a law signed this summer will require school coaches to bench student athletes who have symptoms of a concussion, a mild traumatic brain injury with symptoms such as dizziness or headaches. Students can play again only after they are symptom-free for 24 hours and cleared in writing by a doctor.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2011-10-15-Football%20Death/id-ad7c327f2323418287aaee9dec3bad43

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Herman Cain's 9-9-9 tax plan: 5 reasons to reject it (The Week)

New York ? Cain's catchily named economic plan took center stage at Tuesday's debate ? but now that it's under scrutiny, its flaws are surfacing

The biggest star of Tuesday night's Republican presidential debate may not have been a candidate, but rather new GOP frontrunner Herman Cain's 9-9-9 tax plan. Cain wants to replace the entire tax code with a flat 9 percent personal income tax, a 9 percent corporate income tax, and a 9 percent national sales tax. The plan so saturated the debate that the number 9 was says Aaron Blake at?The Washington Post. Here, five reason people don't like 9-9-9:

1. The plan wouldn't bring in enough revenue
"Cain claims his plan is revenue neutral," says Brian Montopoli at?CBS News, but a Bloomberg analysis found that if the 9-9-9 regime were in place in 2010, the federal government would have collected $2 trillion in revenue ? $200 billion less than what the current system produced. In 2007, before the recession, the 9-9-9 plan would have brought in $1.3 trillion, or 9.2 percent of GDP, says Michael Linden at?ThinkProgress. We actually collected 18.5 percent of GDP that year, suggesting "the 9-9-9 plan would cut federal revenue in half!"

2. And it would open the door to dangerous new taxes
Cain is right that we need to fundamentally change our tax system, but introducing a new national sales tax would foolishly give Congress a new revenue stream to play with, says Matt Lewis at?The Daily Caller. "And no matter what Cain says, it would only be a matter of time before taxes would be raised by others to, say, 11-11-11 ? or 14-14-14." Worse, Cain's plan for a national sales tax opens the door to a value-added tax (VAT),?says Dean Clancy at FreedomWorks. And a VAT is "the most insidious of all taxes, because it is built into the price of everything" so consumers never see it ? and politicians love to raise it.

3. It's "shockingly regressive"
When you look past its "silly optics," Cain's 9-9-9 plan would usher in?
"a huge tax increase on lower-income and middle-class Americans,"?says New York University tax law expert Daniel Shaviro at his blog. It's "shockingly regressive." Worse, "with no tax on capital gains, the rich" ? who make much of their money from investments ? "would pay almost nothing" in taxes, says Bruce Bartlett at?The New York Times. This "exceptionally ill conceived" plan would be "a distributional monstrosity."

4. And probably unconstitutional
Cain wants to freeze his three taxes at 9 percent by requiring two-thirds of the Senate to approve any change to the tax rates. The biggest problem with that idea, says Brian Beutler at?Talking Points Memo, is that it's "likely unconstitutional." Absent a constitutional amendment, "Senate rules could potentially be changed," says CBS's Montopoli, "but doing that would itself require a two-thirds vote ? which isn't realistic in the divided chamber ? and the Senate doesn't have the power to bind the House."

5. Plus, the idea is a political non-starter
Not only is the 9-9-9 idea a featherweight "slogan masquerading as a plan," but Cain has no "political strategy to pass it," says Mytheos Hold at?FrumForum. It would never get enough votes in Congress, and if he hopes to use the "bully pulpit" to sell it, he's dabbling in "magical thinking" ? ask President Obama how well that works. Even conservative economist Gary Robbins, "the paid campaign consultant who scored the plan for Cain, said the idea was more of a theory than a politically viable solution," says Reid J. Epstien at?Politico. Ouch.

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Retail sales rose strongly in September on autos

Mannequins are fashionably dressed in a Bloomingdale's store window, Thursday, Oct. 13, 2011 in New York. U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. (AP Photo/Mark Lennihan)

Mannequins are fashionably dressed in a Bloomingdale's store window, Thursday, Oct. 13, 2011 in New York. U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. (AP Photo/Mark Lennihan)

Louis Vuitton handbags are displayed in a Bloomingdale's store window, Thursday, Oct. 13, 2011 in New York. U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. (AP Photo/Mark Lennihan)

FILE - In this Sept. 29, 2011 file photo, a woman with a child loads purchases from a Target store into her car in Culver City, Calif. U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy. (AP Photo/Reed Saxon, File)

(AP) ? U.S. consumers stepped up their spending on retail goods in September, a hopeful sign for the sluggish economy.

They spent more on autos, clothing and furniture last month to boost retail sales 1.1 percent, the Commerce Department said Friday. It was the largest gain in seven months.

Auto sales rose 3.6 percent to drive the overall September increase. Still, excluding that category, sales increased a solid 0.6 percent.

The government also revised the August figures up to show a 0.3 percent increase after initially reporting no gain.

Stock futures rose after the release of the report, which is the government's first look at consumer spending each month.

Stronger spending could help tamp down concerns that the economy is at risk of a recession. Consumer spending is closely watched because it accounts for 70 percent of economic activity.

The increase "shows that households are not completely down and out," said Paul Dales, senior U.S. economists for Capital Economics. Dales said the data correspond with an annual growth rate of 2 percent for consumer spending growth in the July-September quarter.

Dales cautioned that weak hiring will likely prevent consumers from spending at this rate on a month-to-month basis.

"Sales growth is unlikely to remain this strong," he said. "So although a recession has become less likely, households still can't be relied on to drag the US economy out of its continued malaise."

The September gains were broad-based:

? Department stores sales increased 1.1 percent, a big turnaround from August when sales had fallen 0.5 percent. The drop was blamed in part on Hurricane Irene disrupting shopping along the East Coast.

? A larger category of general merchandise stores, which includes big-chain retailers including Wal-Mart and Target, showed a 0.7 percent rise last month after no gain in August.

? Specialty clothing stores sales rose 1.3 percent, after a 0.4 percent August drop.

? Sales were up 1.1 percent at furniture stores but edged down a slight 0.1 percent at hardware stores. That surprised economists, who expected more traffic from people seeking to repair damage from the hurricane.

? Gas station sales rose 1.2 percent.

The overall economy grew at an annual rate of 0.9 percent in the first six months of the year. That was the weakest growth since the recession ended in June 2009.

High unemployment and steep gasoline prices forced many consumers to cut back on spending this spring. Without more jobs or higher pay increases, they are likely to keep spending cautiously.

In September, the economy generated 103,000 net jobs. That's enough to calm recession fears, but it is far from what is needed to lower the unemployment rate, which stayed at 9.1 percent for the third straight month.

Employers have added an average of only 72,000 jobs in the past five months. That's far below the 125,000 per month needed to keep up with population growth. And it's down from an average of 180,000 in the first four months of this year.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-10-14-US-Retail-Sales/id-41bd8fe28c5d48b2abe8f625ca8be040

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