Friday, January 27, 2012

Box Office Preview: 'Underworld' to bite again (AP)

LOS ANGELES ? Sony's "Underworld: Awakening" should be wide awake atop the domestic box office again this weekend, with a gross of around $12 million following last weekend's $25 million debut and continued dominance midweek.

Of course, the "Underworld" vampires will have to contend with newfound action star Liam Neeson as Open Road unleashes the R-rated Alaskan adventure "The Grey," which should wolf down from $10 million to $12 million in receipts.

Flying into its second weekend, Fox's World War II drama "Red Tails" from George Lucas will set its sights on a gross in the $10 million range.

Crowding those skies even more will be Sam Worthington as the "Man on a Ledge," a debuting crime thriller from Summit Entertainment that should also earn around $10 million.

With two Oscar nominations, including best picture, the 9/11 drama "Extremely Loud and Incredibly Close" from Warner Bros. enters its second weekend of wide release with solid momentum. But it will have to contend with the opening weekend of Lionsgate's Katherine Heigl comedy "One for the Money" for a spot in the top 5 and grosses in the $8 million to $10 million range.

Look for major Oscar nominees such as "The Descendants," "Hugo" and "The Artist" to get a bit of an "Oscar bounce" as their higher profiles and additional screens make them more of a "must see" this weekend.

___

Paul Dergarabedian is president of the Box Office Division of Hollywood.com and provides box office analysis for The Associated Press.

___

Online: http://www.Hollywood.com

Source: http://us.rd.yahoo.com/dailynews/rss/movies/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_bi_co_ne/us_box_office_preview

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Thursday, January 26, 2012

Calif. poised to vote on new 'clean car' regs (AP)

SAN FRANCISCO ? California is poised to vote on new rules that would require automakers to build cars and trucks by 2025 that emit about three-quarters less smog producing pollutants and also mandate that one of every seven new cars sold in the state be a zero emission or plug-in hybrid vehicle.

The California Air Resources Board will begin hearing testimony Thursday in Los Angeles on its "Advanced Clean Car" program, and is expected to continue on Friday.

The new emissions standards, which also include big cuts in greenhouse gas pollutants, would begin with new cars sold in 2015, and get increasingly more stringent until 2025. Generally, the regulations would require a 75 percent reduction in smog emissions in new cars by 2025, and a 34 percent reduction in greenhouse gas emissions over roughly the same time.

The new rules will continue the state's first-in-the-nation greenhouse gas emissions standards for cars and trucks, which went into effect in 2009. This time, the greenhouse gas reduction element of the program was designed with the federal regulators so that it will match national standards expected to be passed later this year.

"When we did the first greenhouse gas standards, it was war," said Tom Cackette, deputy director of the board, referring to legal challenges from auto dealers and business groups after the state passed the initial greenhouse gas emissions limits.

"They sued us in two federal courts. Fortunately, from our viewpoint, they lost. Over that time, with the increase in gas prices, the shake-up in the auto industry brought new management which looked at the future. Where's our future? It's not profits next quarter but how do we make a sustainable business."

California's smog emissions standards are often more strict than federal ones, which means other states often adopt them as their own.

Fourteen other states, including Washington, New Jersey, New York and Massachusetts, have adopted California's current emissions goals, which is why the new regulations could have a wide-ranging effect. Of those states, 10 have also adopted the zero-emission vehicle standards as well.

In addition to new smog and greenhouse gas emissions limits, the regulations being voted on also includes a new zero-emissions vehicle mandate. The goal is to have 1.4 million zero-emission and plug-in hybrids on California roads by 2025. But the program also looks ahead to 2050, laying groundwork for a goal of having 87 percent of the state's fleet of new vehicles fueled by electricity, hydrogen fuel cells or other clean technologies.

"This regulation is planned over a 40-year horizon, and that is extremely unusual," said board spokesman David Clegern. "But it gives us time to put the pieces in place with no surprises. The individual companies can plan for changes and develop the technology, and over the long haul, it will shift us away from reliance on petroleum."

The board's meeting comes just three days after federal regulators met in San Francisco to hear public comment on the Obama administration's national fuel economy standards, the most far-reaching in history. If passed later this year, they would require the average passenger car to reach a 54.5-mph standard by 2025.

The U.S. Environmental Protection Agency, 13 automakers, CARB and others worked together so that when the federal government passes its greenhouse gas emissions limits later this year, they will match California's and create one national standard.

Some automakers said the market for clean car technology is already spurring the technology and innovation the regulations seek to influence.

"Yes, the cars will be lighter, compact, far more fuel efficient. That's what the mandate will be. It's not enforced by the government but really by the economics of the future," said Michael Dobrin, a spokesman for Toyota.

Yet some auto dealers have argued that the government's emphasis on strict pollution controls will result in much higher prices for consumers.

Forrest McConnell, director of the National Automobile Dealers Association, testified during the federal hearing Tuesday that tightening fuel efficiency standards will result in unaffordable cars.

"We all want better fuel economy, but it is not free. By adding $3,200, if not more, to the average cost of a car, over seven million Americans will be priced out of the market, fleet turnover will be reduced, and public policy benefits will be delayed," McConnell said.

Other dealers say consumer demand for electric and hybrid vehicles is not what the board hopes it is.

The California New Car Dealers Association says hybrid vehicles, which have been marketed and sold for 13 years, only make up 2.1 percent of the national market, and 4.1 percent of California's market. They say the goal of making one of every seven new cars sold in California a zero-emission vehicle in roughly the same amount of time is unrealistic.

"Rather than setting vehicle manufacturers, new car dealers, and alternative vehicles themselves up for another predictable failure, (the board) should adjust the mandate to reflect a goal that is realistic and attainable," said Jonathan Morrison, the state dealers' association's director of legal and regulatory affairs.

The air board's research and environmental advocates dispute those cost increase estimates, and say increases in hybrid and other sales continue to rise as more cars hit the market. They argue that fuel cost savings will make up for any vehicle price increase.

"Our research shows a $1,400 to $1,900 car price increase, but over the life of the vehicles, the owners save $6,000 in reduced fuel and maintenance costs," said Clegern.

Source: http://us.rd.yahoo.com/dailynews/rss/us/*http%3A//news.yahoo.com/s/ap/20120126/ap_on_re_us/us_california_clean_car_standards

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Obama pitches tax, jobs ideas on campaign-style tour (Reuters)

CHANDLER, Arizona (Reuters) ? President Barack Obama took his State of the Union tax and job ideas on the road on Wednesday, striking a populist tone in the 2012 swing states Iowa and Arizona to make his case for a second White House term.

Starting a three-day tour that will also take him to Nevada, Colorado and Michigan, all crucial to his re-election chances, Obama amplified his proposals to help companies that keep jobs at home and eliminate tax breaks for those that outsource.

"Let's stop rewarding businesses that ship jobs overseas," he said outside an Intel computer chip facility under construction in Arizona, standing in front of a giant crane.

"What we should do is subsidize and give help and tax breaks to companies that are investing here, that are bringing jobs back to the United States," the president said, also pressing his argument for higher taxes on the rich as a way to heal the U.S. economy and reduce the deficit.

On Tuesday night, Obama used his last State of the Union speech before November's election to cast himself as a champion of the middle class. But with most Americans unhappy with his economic leadership, he faces a tough re-election challenge.

In Iowa, the president defended his record and sought to turn up the heat on Republicans in Congress he has accused of obstructing his economic recovery efforts, especially moves to close tax loopholes on big companies and the very wealthy.

"There are people in Washington who seem to have collective amnesia. They seem to have forgotten how we got into this mess," Obama told workers at a conveyor belt factory there. "They want to go back to the very same policies ... that have stacked the deck against middle-class Americans for years."

Republicans have accused Obama of promoting the "politics of envy" and pursuing policies that kill jobs and hinder growth. They argue tax hikes would hurt small businesses and suppress job creation, a top concern of voters this year.

ON THE BIG STAGE

In his Tuesday night address that afforded him one of his biggest political stages of the year, Obama set as a central campaign theme a populist call for greater economic fairness.

He mentioned taxes 34 times and jobs 32 times during his hourlong speech, emphasizing the two issues at the heart of this year's presidential campaign. But Obama seemed to put no blame on himself for a fragile economic recovery and high unemployment that could trip up his re-election bid.

A highlight of the State of the Union was a call to set a 30 percent minimum tax on millionaires, known as the "Buffet rule" because it is favored by billionaire investor Warren Buffett.

While the principal proposals in the speech were considered unlikely to gain traction in a divided Congress, the White House believes the ideas can appeal to voters who are frustrated with Wall Street excesses and dysfunction in Washington.

Obama's tax message got extra legs from the release of tax records by Mitt Romney, a Republican presidential contender who is one of the richest men ever to run for the White House. He pays a lower effective tax rate than many top wage-earners.

Romney, campaigning in Florida for next Tuesday's party primary, accused the Democratic president of being "detached from reality" in his appeals to voters who have suffered economic hardship under his tenure.

The U.S. unemployment rate was 8.5 percent in December, several percentage points higher than the normal rate for the United States. No president in the modern era has won re-election with the jobless rate that high.

(Additional reporting by Alister Bull and Steve Holland; Writing by Laura MacInnis and Matt Spetalnick; Editing by Doina Chiacu and Eric Walsh)

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/nm/20120126/ts_nm/us_usa_obama_speech

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Wednesday, January 25, 2012

Unprecedented, man-made trends in ocean's acidity

Monday, January 23, 2012

Nearly one-third of CO2 emissions due to human activities enters the world's oceans. By reacting with seawater, CO2 increases the water's acidity, which may significantly reduce the calcification rate of such marine organisms as corals and mollusks. The extent to which human activities have raised the surface level of acidity, however, has been difficult to detect on regional scales because it varies naturally from one season and one year to the next, and between regions, and direct observations go back only 30 years.

Combining computer modeling with observations, an international team of scientists concluded that anthropogenic CO2 emissions over the last 100 to 200 years have already raised ocean acidity far beyond the range of natural variations. The study is published in the January 22 online issue of Nature Climate Change.

The team of climate modelers, marine conservationists, ocean chemists, biologists and ecologists, led by Tobias Friedrich and Axel Timmermann at the International Pacific Research Center, University of Hawaii at Manoa, came to their conclusions by using Earth system models that simulate climate and ocean conditions 21,000 years back in time, to the Last Glacial Maximum, and forward in time to the end of the 21st century. They studied in their models changes in the saturation level of aragonite (a form of calcium carbonate) typically used to measure of ocean acidification. As acidity of seawater rises, the saturation level of aragonite drops. Their models captured well the current observed seasonal and annual variations in this quantity in several key coral reef regions.

Today's levels of aragonite saturation in these locations have already dropped five times below the pre-industrial range of natural variability. For example, if the yearly cycle in aragonite saturation varied between 4.7 and 4.8, it varies now between 4.2 and 4.3, which ? based on another recent study ? may translate into a decrease in overall calcification rates of corals and other aragonite shell-forming organisms by 15%. Given the continued human use of fossil fuels, the saturation levels will drop further, potentially reducing calcification rates of some marine organisms by more than 40% of their pre-industrial values within the next 90 years.

"Any significant drop below the minimum level of aragonite to which the organisms have been exposed to for thousands of years and have successfully adapted will very likely stress them and their associated ecosystems," says lead author Postdoctoral Fellow Tobias Friedrich.

"In some regions, the man-made rate of change in ocean acidity since the Industrial Revolution is hundred times greater than the natural rate of change between the Last Glacial Maximum and pre-industrial times," emphasizes Friedrich. "When Earth started to warm 17,000 years ago, terminating the last glacial period, atmospheric CO2 levels rose from 190 parts per million (ppm) to 280 ppm over 6,000 years. Marine ecosystems had ample time to adjust. Now, for a similar rise in CO2 concentration to the present level of 392 ppm, the adjustment time is reduced to only 100 ? 200 years."

On a global scale, coral reefs are currently found in places where open-ocean aragonite saturation reaches levels of 3.5 or higher. Such conditions exist today in about 50% of the ocean ? mostly in the tropics. By end of the 21st century this fraction is projected to be less than 5%. The Hawaiian Islands, which sit just on the northern edge of the tropics, will be one of the first to feel the impact.

The study suggests that some regions, such as the eastern tropical Pacific, will be less stressed than others because greater underlying natural variability of seawater acidity helps to buffer anthropogenic changes. The aragonite saturation in the Caribbean and the western Equatorial Pacific, both biodiversity hotspots, shows very little natural variability, making these regions particularly vulnerable to human-induced ocean acidification.

"Our results suggest that severe reductions are likely to occur in coral reef diversity, structural complexity and resilience by the middle of this century," says co-author Professor Axel Timmermann."

###

University of Hawaii ? SOEST:

Thanks to University of Hawaii ? SOEST for this article.

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Source: http://www.labspaces.net/116927/Unprecedented__man_made_trends_in_ocean_s_acidity

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Tuesday, January 24, 2012

Ben Franklin: Founding father, inventor, geo-engineer?

Back in 1784, Ben Franklin noted the effect of volcanoes on climate. Was he the world's first geo-engineer?

Do you miss the 1990s? ?Those were the days before field experiments and RCTs where the typical paper might start, "This paper exploits a natural experiment to study the effect of X on Y." ? I have just learned that Ben Franklin was way ahead of us. ?Back before the QJE existed, ?in 1784 to be precise, ?Franklin noted??that after volcano eruptions that temperatures were lower. ? Geo-engineering has some empirical basis. ?How do I know this? I attended a Freshmen lecture at UCLA today.

Skip to next paragraph Matthew Kahn

Mathew is an economics professor at UCLA and has written three books: Green Cities (Brookings Institution Press); Heroes and Cowards (Princeton University Press, jointly with Dora L. Costa); and in fall 2010, Climatopolis: How Our Cities Will Thrive in the Hotter World (Basic Books).

Recent posts

To quote Scientific American and Karen Harp, "In 1784, Benjamin Franklin made what may have been the first connection between volcanoes and global climate while stationed in Paris as the first diplomatic representative of the United States of America. He observed that during the summer of 1783, the climate was abnormally cold, both in Europe and back in the U.S. The ground froze early, the first snow stayed on the ground without melting, the winter was more severe than usual, and there seemed to be "a constant fog over all Europe, and [a] great part of North America."

Now that empirical economists are working on climate change adaptation, what other research could be conducted on geo-engineering and its direct consequences and unintended consequences? ?Will a future James Bond movie plot focus on Bond having to help or kill a "geo-engineer"? ?

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on greeneconomics.blogspot.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/uOWsxNUBwtg/Ben-Franklin-Founding-father-inventor-geo-engineer

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UK proposes binding shareholder vote on pay (AP)

LONDON ? The British government is proposing giving shareholders of major companies a binding vote on executive pay.

U.K. Business Secretary Vince Cable said Monday that the new regulations could require pay arrangements to be supported by 75 percent of shareholders. At the moment, these votes are advisory and not binding.

Executive pay has been a sensitive issue in the U.K., especially when it comes to leading banks backed by the taxpayer, either through bailouts or the implicit guarantee that big banks will not be allowed to fail.

Cable says the government would also this year propose legislation requiring companies to publish their pay policy, how it was implemented, and to what extent that reflected the views of employees.

"The evidence is very clear that business and investors recognize that there is a disconnect between top pay and company performance and that something must be done, Cable said in the House of Commons.

"We cannot continue to see chief executives' pay rising at 13 percent a year while the performance of companies on the Stock Exchange languishes well behind."

The High Pay Commission, an independent body, reported last year that executive pay in Britain's top 100 corporations had risen had risen far faster than overall pay.

At oil company BP, for instance, the top executive was paid 63 times the company's average pay in 2009-2011. At Barclays bank the multiple was 75 times, as was bailed-out Lloyds Banking Group.

Cable said the government would also look at ways of promoting greater diversity on boards of directors.

"Within the FTSE 350 (share index), around 6 percent of remuneration committee members are executives in other companies," he said.

"There's a perceived conflict of interest here, as these individuals have a personal interest in maintaining the status quo in pay-setting culture and pay levels."

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120123/ap_on_bi_ge/eu_britain_executive_pay

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Monday, January 23, 2012

A look at key moments in the SC primary (AP)

WASHINGTON ? Some notable moments from Saturday's South Carolina presidential primary:

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Fixing for a fight:

Former Massachusetts Gov. Mitt Romney told supporters Saturday to get ready for a long battle ahead.

Romney took sharp aim at President Barack Obama, as well as his GOP rivals' criticism of his time at Bain Capital, the private equity firm he founded.

"If Republican leaders want to join this president in demonizing success and disparaging conservative values, then they're not going to be fit to be our nominee," he said.

Romney finished No. 2 behind Gingrich, having placed first in the New Hampshire primary.

___

Haley's short coattails:

South Carolina Gov. Nikki Haley is riding a wave of popularity. But that wasn't enough to help Romney, whom she endorsed in the primary.

Exit polls found two-thirds of Saturday's voters approved the way Haley is handling her job as governor, including nearly three-quarters of tea party supporters. But Romney won over only about 3 in 10 of those who approved of her job performance.

Gingrich, for his part, won support from about 4 in 10 Haley supporters.

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`Occupy' Santorum:

Even the "Occupy Wall Street" movement had its moment Saturday.

During Rick Santorum's speech, the former Pennsylvania senator pledged to work to help Americans achieve their potential. But one Occupy protester interrupted him with a jeer: "Unless you're gay. Occupy!" Santorum has long been criticized by gay-rights groups for his opposition to same-sex marriage.

Other Occupy protesters tried to draw focus as Santorum shook hands with supporters after his speech. Santorum's aides and volunteers grabbed the protesters and hauled them from the ballroom at the Citadel.

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Internet devilry:

Some of South Carolina's notorious 11th-hour shenanigans emerged in a race known at times for its nastiness.

On Saturday, fake email reports ? later denounced by Gingrich and his campaign ? spread on the Internet about Gingrich and his ex-wife Marianne.

State Attorney Gen. Alan Wilson ordered a preliminary review of the phony messages to see if any laws had been broken.

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Late to the party:

Few things could stop Gingrich Saturday night ? except for a traffic accident.

Campaigning up to the very end, Gingrich ran through five campaign stops on primary day. That included his last at a burger restaurant in Laurens, about an hour northwest of Columbia, where his victory celebration was to take place.

But an accident on the highway delayed Gingrich's bus, making him late to greet supporters.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120122/ap_on_el_pr/us_gop_campaign_primary_takeaways

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