Deustche Bank bullish on 8.5% GDP growth for China

Tuesday, January 15, 2013

China's gross domestic product (GDP) could lift to 8.5 percent in the second half of 2013, according to a Deustche Bank forecast on Monday.

This was on the back of improving corporate earnings and increasing government spending.

Ma Jun, chief economist of DB China, voiced expectation that China's GDP growth will accelerate to 8 percent in the first six months and further pick up to 8.5 percent in the second half of the year.

China's economy rose 7.4 percent in the third quarter of 2012, marking its lowest growth in more than three years and a slow-down for a seventh consecutive quarter.

The country is scheduled to release fourth-quarter GDP and that for the whole of 2012 on Friday.

Source: http://www.proactiveinvestors.com.au/companies/news/38197/deustche-bank-bullish-on-85-gdp-growth-for-china-38197.html

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PS4 launch tipped for Q2 2013 by key Sony exec

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The next-generation PlayStation 4 (PS4) game platform?could be unveiled as soon as May, according to Hiroshi Sakamoto, VP of Sony Home Entertainment.

Asked by Chilean news site emol.com about the company's plans for the console, Sakamoto revealed that while the PS4 was still a "big secret," the new model was likely to be officially outed in Q2 2013.

"Our friends are preparing Sony PlayStation. I can only say that we are focused on the E3 gaming event, schuedle for June. Announcement may be made in that minute or even earlier in May," he said.

Pressed to discuss Sony's plans further, he confirmed that a "big announcement" would be made in the coming months.

"We expect to deliver great news, but we must wait until May at least," Mr Sakamoto added.

Speculation surrounding the PS4, codenamed Orbis, has been rife lately. Sony stoked the fire last week when it distributed invites for a press event in February, dubbed Destination PlayStation.

More excitable pundits see?Destination PlayStation as a potential launch platform for the PS4, though Sakamoto's comments surely confirm that the Scottsdale, Arizona get-together will focus on the PS3's 2013 lineup.

Baird Equity Research analyst Colin Sebastian agrees, arguing that E3 is the event to watch.?

"Given the fragile state of the console game market, we expect the E3 trade show in June will take on added significance, most likely providing the industry with the first public opportunity to examine next-generation hardware," Sebastian noted.

He added that he expected the PS4 to hit the consumer market in October 2013 - earlier than its main rival, Microsoft's rumoured Xbox 720, which will arrive in November.

Concept image credit: Joseph Dumary via Yanko Design

Source: http://feedproxy.google.com/~r/itproportal/rss/~3/1cvG0gzLch8/

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Supervisor deserves termination? - Business Management Daily

Hey, it happens: Sometimes, supervisors screw up. Go ahead and discipline them for their mistakes, even if you?re afraid your actions might trigger a discrimination or harassment lawsuit.

Recent case: Robert, a supervisor at a retirement community, had a spotty employment record. He sometimes didn?t listen to directions, ignored aspects of his work and behaved poorly.

For example, another employee once complained that Robert took her pen, put it in his pants pocket and asked her to retrieve it, telling her, ?Feel how hard it is.? When confronted, Robert complained that the woman had harassed him. Neither claim resulted in disciplinary action against either employee.

Robert?s neglect piled up. He forgot to tell HR about a subordinate?s FMLA request. He brought his son to work and allowed him to be disruptive. He mishandled an employee?s need for sick leave. He was finally fired.

Robert fired back with a retaliation lawsuit. He tacked on a hostile work environment claim, stating that another supervisor had made disparaging comments about Mexicans. (Robert has a Hispanic last name.)

The court threw out his case. It reasoned that the retirement community had good reason to fire Robert, given his poor work record. The court didn?t think an isolated comment that might be tinged with prejudice was enough to create a hostile work environment, especially when it hadn?t been directed at Robert. (Gutierrez v. The Meadows of Napa Valley, No. A132705, Court of Appeal of California, 2012)

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Researchers Build New Bridges for Nerve Injury

Not jellyfish! Engineered stretch-grown axon tracts (center) spanning two populations of neurons. Image: Douglas H. Smith

In the January 2013 issue of Scientific American, D. Kacy Cullen and Douglas H. Smith of the University of Pennsylvania reported on their work using stretch-grown axons (the long thin "arm" of a nerve cell) to some day connect prosthetic devices to the peripheral nervous systems of people who had to have part of their arm amputated. There wasn't enough room to talk about it in the article, but there is another way that these "living bridges" could be used to help people with devastating injuries.

The stretch-grown axons could also be used to treat people with major nerve damage that does not necessarily require amputation. The biohybrid bridge provides a conduit for the undamaged part of the peripheral nervous system to bypass the injured nerve and regrow its own axons all the way to the end of the affected limb. If such bridges could be implanted within a few days to weeks of the injury, they would benefit from the fact that neural support cells are still active throughout the length of the limb (these cells usually take a few months to disappear after nerve death) and could guide the regrowing nerve fiber to its final destination.?

Cullen and Smith hope to begin testing their stretch-grown axons soon in a few U.S. soldiers who were injured while fighting overseas.

Cullen described their efforts in a recent email:

Peripheral nerve injury (PNI) is a major source of warfighter morbidity. Indeed, only 50% of patients achieve good to normal restoration of function following surgical repair, regardless of the strategy. Moreover, failure of nerve regeneration may necessitate amputation of an otherwise salvaged limb. This stems from the inadequacy of current PNI repair strategies, where even the ?gold-standard? treatment ? the nerve autograft ? is largely ineffective for major nerve trauma. Despite significant efforts, PNI repair has not progressed past nerve guidance tubes (NGTs) to bridge small gaps or autografts for larger defects. We have developed novel tissue-engineered nerve grafts (TENGs) that not only have the potential to surpass the performance of autografts, but also to repair currently untreatable PNI.

TENGs are lab-grown nervous tissue, comprised of long axonal tracts spanning two populations of neurons. The ability to generate these nerve grafts is based upon seminal discoveries regarding the process of axon growth via continuous mechanical tension or ?stretch growth?. Stretch growth is a natural axon growth mechanism that can extend axons at unprecedented rates without the aid of chemical cues, physical guides or growth cones. We are able to replicate this process in a culture system through the controlled separation of two integrated populations of neurons. During stretch growth, individual axons gradually coalesce with neighboring axons to form large axonal tracts, called fascicles, taking on a highly organized parallel orientation resembling harp strings. TENGS are subsequently created by embedding these living axonal tracts in a three-dimensional matrix and removing them en masse for transplantation. Whereas other technologies and approaches have only been able to achieve axon lengths of 1-5 mm in culture, our platform can generate axons of unprecedented lengths in a very short time frame (5-10 cm in 14-21 days, with no theoretical limit as to the final axon length). To our knowledge, no other approach is capable of generating such long axonal constructs.

Current PNI repair options, whether an autograft or NGT, are unable to create a suitable environment for axonal regeneration in cases of major nerve trauma. The key failing of these strategies is the inability to coax a sufficient number of axons to grow a substantial distance to reinnervate distant targets (e.g., hand) and restore function. As a unique mechanism of action, transplanted TENGs recapitulate one of the most favorable environments for robust and long-distance axon growth: other axons.

Source: http://rss.sciam.com/click.phdo?i=fc1883f930b4c560ae7425a3319f280f

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Petrol bombs thrown at protesters outside Egypt president?s palace

A girl looks at graffiti depicting Mursi as a wanted man near the presidential palace in Cairo. ? Reuters pic

CAIRO, Jan 13 ? Unknown attackers threw petrol bombs at tents housing protesters outside the Egyptian presidential palace in Cairo yesterday and fired rubber bullets at security forces, injuring at least 15 people, officials and witnesses said.

Four tents were burnt in the attacks, injuring several protesters. One police officer and six soldiers, deployed to the scene to arrest the attackers, were wounded by rubber bullets, according to the interior ministry. The health ministry said a total of 15 people were injured.

Protesters opposing an Islamist-backed constitution have been camped outside the residence of President Mohamed Mursi for weeks. Around 20 chanted ?Down, down Mursi!? and ?We will not leave!?

In December, Mursi signed into law the first constitution since the overthrow of veteran autocrat Hosni Mubarak in a 2011 revolution.

The text, which Mursi fast-tracked through parliament and a national referendum, was fiercely opposed by many of the liberals, secularists and leftists who had helped to topple Mubarak, and has prompted often violent protests on the streets of Cairo.

A Reuters reporter saw several ambulances driving away from the scene late on Saturday evening, and plumes of black smoke billowed in the air.

?The police and military police have been negotiating with us since yesterday to leave the square,? said protester Karim el-Shaer.

?Today, suddenly and only half an hour after the negotiations failed, we found thugs attacking us and burning our tents under the eyes of the security forces.?

Access to rubber bullets and guns is easy in post-revolution Egypt given the lax security and a rise in arms smuggling.

The interior ministry said it had launched an investigation. ? Reuters

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Source: http://world.rss.themalaysianinsider.com/c/33362/f/567637/s/27767495/l/0L0Sthemalaysianinsider0N0Cworld0Carticle0Cpetrol0Ebombs0Ethrown0Eat0Eprotesters0Eoutside0Eegypt0Epresidents0Epalace0C/story01.htm

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In pictures: Today's Scottish football action

12 Jan 2013 18:15

THE SPL teams are on their winter break but there was plenty of action in the SFL today.

MORTON beat Falkirk by a single goal to go top of the first division while Dumbarton got their first home win of the season with a shock 2-0 victory against high-flying Partick Thistle.

Second division leaders Queen of the South maintained their domination at the top of the table with a 3-0 victory over Albion Rovers.

And Andrew Little scored a hat-trick for Rangers as they moved 19 points clear at the top of the Third Division. We have all the action highlights in our special picture gallery below.

View gallery

Bill Murray/SNS Group

In pictures: Today's Scottish football action

View gallery ?

Source: http://www.dailyrecord.co.uk/sport/football/football-match-reports/todays-scottish-football-action-in-pictures-1531648

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[Wheel of Fortune: The Battle for Oil and Power in Russia]

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Politics and Prose Bookstore

Thane Gustafson talked about his book, Wheel of Fortune: The Battle for Oil and Power in Russia, in which he looks at how Russia?s unstable political and economic systems could impact the country?s oil output .. Read More

Thane Gustafson talked about his book, Wheel of Fortune: The Battle for Oil and Power in Russia, in which he looks at how Russia?s unstable political and economic systems could impact the country?s oil output (12% of global oil supply) and what this could mean for the global economy.?Hosted by Politics and Prose Bookstore in Washington, DC.

52 minutes | 6 Views

Source: http://www.c-spanvideo.org/program/310182-1

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