October 2009

Check Point 3Q profit rises 14 percent

REDWOOD CITY, Calif. – Check Point Software Technologies Ltd., which makes Internet security products, said Thursday its third-quarter profit rose 14 percent on strong sales across all of its regions, especially Asia Pacific.
Check Point earned $91.5 million, or 43 cents per share, up from $80.1 million, or 37 cents per share, in the year-ago period.
Excluding one-time items including stock-option, amortization and restructuring charges, the company posted an adjusted profit of $109.5 million, or 52 cents per share, compared with an adjusted $94.3 million, or 44 cents per share.
Revenue rose 17 percent to $233.6 million from $199.7 million.
The adjusted results beat Wall Street predictions. Analysts polled by Thomson Reuters expected a profit of 49 cents per share, excluding one-time items, on $230.7 million in revenue.
Company officials said the quarter's results came in ahead of their expectations and were particularly encouraging given the state of the economy.
In midday trading, Check Point shares rose $1.37, or 4.6 percent, to $31.47.

Nicolas Cage sues former biz manager

LOS ANGELES – Nicolas Cage is suing his former business manager for $20 million, claiming the man's advice led him toward financial ruin.
Cage claims in a lawsuit filed Friday that Samuel J. Levin and his firm placed the actor in a precarious financial situation that has resulted in catastrophic losses.
The lawsuit claims Levin gave Cage bad advice, failed to tell him about his shaky finances and collected exorbitant fees.
The lawsuit states Cage has sold numerous assets in recent months because of his finances.
A phone message left for Levin was not immediately returned.
Cage won an Academy Award for his role in "Leaving Las Vegas" and has made millions starring in action flicks such as "Con Air" and the "National Treasure" films.

Judge says Va. violated absentee voters' rights

RICHMOND, Va. – A federal judge has ruled that Virginia violated the voting rights of military service members and other Americans overseas when officials failed to mail more than 2,100 absentee ballots in time for last year's presidential election.
U.S. District Judge Richard Williams also ordered Friday that the Virginia Board of Elections count and certify the absentee ballots.
The ballots from military service members and others living outside the state were the focus of a lawsuit filed by Republican candidate John McCain's campaign, which alleged that they weren't mailed in time for overseas voters to return them before the polls closed Nov. 4.
The missing ballots would not have swung the election in Virginia where President Barack Obama won by nearly 233,000 votes.

Small Asteroid to Fly Past Earth Saturday (SPACE.com)

A small asteroid will buzz the Earth Saturday, flying just inside the orbit of the moon. It should fly safely by our home planet, according to a crack team of NASA space rock trackers.
The space rock, called Asteroid 2009 TM8, will fly within 216,000 miles (348,000 km) of Earth when it zooms by at a speed of about 18,163 mph (29,232 kph).
"That's slightly closer than the orbit of our moon," NASA's Asteroid Watch team said Friday via Twitter.
The Asteroid Watch team at the Jet Propulsion Laboratory (JPL) in Pasadena, Calif., stands on constant watch for rogue space rocks that could pose an impact risk to Earth. It was that team which, last week, scaled back the risk of another asteroid – a large space rock called Apophis – hitting the Earth in 2036.
Compared to Apophis, which is as large as two football fields, 2009 TM8 is tiny. It is about 30 feet (7 meters) across and was discovered Thursday by skywatchers, JPL officials told SPACE.com.
Such close pass are not unheard of. With smaller objects, which are hard to find, announcements like this often come at the last minute. Researchers say there is a risk, however, of Earth eventually being hit by an undetected small asteroid that could cause heavy localized or even regional damage.
Gallery: Earth's Meteor Craters
Holes in the Earth: 170 and Counting
Top 10 Ways to Destroy Earth
Original Story: Small Asteroid to Fly Past Earth SaturdaySPACE.com offers rich and compelling content about space science, travel and exploration as well as astronomy, technology, business news and more. The site boasts a variety of popular features including our space image of the day and other space pictures,space videos, Top 10s, Trivia, podcasts and Amazing Images submitted by our users. Join our community, sign up for our free newsletters and register for our RSS Feeds today!

Club Management Software

Computer software is so called to distinguish it from computer hardware, which encompasses the physical interconnections and devices required to store and execute (or run) the software. At the lowest level, software consists of a machine language specific to an individual processor. A machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. Software is an ordered sequence of instructions for changing the state of the computer hardware in a particular sequence. It is usually written in high-level programming languages that are easier and more efficient for humans to use (closer to natural language) than machine language. High-level languages are compiled or interpreted into machine language object code. Software may also be written in an assembly language, essentially, a mnemonic representation of a machine language using a natural language alphabet. Assembly language must be assembled into object code via an assembler.

The term "software" was first used in this sense by John W. Tukey in 1958. In computer science and software engineering, computer software is all computer programs. The theory that is the basis for most modern software was first proposed by Alan Turing in his 1935 essay Computable numbers with an application to the Entscheidungsproblem.

Club Management Software

Investigators find flaws in Army body armor tests

WASHINGTON – Congressional investigators say the Army made critical mistakes in tests of a new body armor design. They're recommending an independent review of the results before the gear is issued to troops in combat.
Testing of a new plate to block armor-piercing bullets was conducted last year at an Army testing center in Aberdeen, Md. Companies that passed the tests were awarded contracts potentially worth $8 billion.
In an audit to be released Friday, the Government Accountability Office found the Army deviated from established testing standards. The GAO says several of the designs that passed would have failed had the tests been done properly.
In a lengthy response to the audit, Pentagon officials acknowledge there were minor testing problems but say they stand by the results.

Hard Money

Hard Money

A hard money loan is a specific type of asset-based loan financing in which a borrower receives funds based on the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers.

Many hard money mortgages are made by private investors. often in their local area. Usually the credit score of the borrower is not important. The loan is purely against the collateral of the property. Typically the maximum loan to value is 65-70%. That is, if the property is worth $100,000 you can borrow $65,000-70,000 against it. This low LTV is to cover the lender if the borrower does not pay and they have to foreclose on the property.

Obama wins Nobel Peace Prize to mixed reviews

OSLO/WASHINGTON (Reuters) –
U.S. President Barack Obama won the Nobel Peace Prize on Friday for offering the world hope and striving for nuclear disarmament in a surprise award that drew both warm praise and sharp criticism.

The bestowal of one of the world's top accolades on a president less than nine months in office, who has yet to score a major foreign policy success, was greeted with gasps of astonishment from journalists at the announcement in Oslo.

The Norwegian Nobel Committee praised Obama for "his extraordinary efforts to strengthen international diplomacy and cooperation between peoples.

Critics -- some in parts of the Arab and Muslim world -- called the committee decision premature.

Obama's press secretary woke him with the news before dawn and the president felt "humbled" by the award, a senior administration official said.

When told in an email from Reuters that many people around the world were stunned by the announcement, Obama's senior adviser, David Axelrod, responded: "As are we."

The first African-American to hold his country's highest office, Obama, 48, has called for disarmament and worked to restart stalled Middle East peace moves since taking office in January.

"Very rarely has a person to the same extent as Obama captured the world's attention and given its people hope for a better future," the committee said in a citation.

Despite problems at home that include high unemployment, the U.S. president is still widely seen around the world as an inspirational figure.

Obama laid out his vision on eliminating nuclear arms in a speech in Prague in April. But he was not the first American president to set that goal, and acknowledged it might not be reached in his lifetime.

Obama was to make a statement in the White House Rose Garden at 10:30 a.m. EDT (1430 GMT). The president, struggling at home with high unemployment and resistance in Congress to his healthcare reform plans, is likely to go to Oslo to receive the prize, Axelrod told the MSNBC TV channel.

While the award won praise from such statesmen as Nelson Mandela and Mikhail Gorbachev, both Nobel laureates, it was also attacked in some quarters as hasty and undeserved.

Afghanistan's Taliban mocked the award, saying Obama should get a Nobel prize for violence instead.

Taliban spokesman Zabihullah Mujahid said it was absurd to give a peace award to a man who had sent 21,000 extra troops to Afghanistan to escalate a war.

"The Nobel prize for peace? Obama should have won the 'Nobel Prize for escalating violence and killing civilians'," he told Reuters by telephone from an undisclosed location.

Obama is considering a request from his top commander in Afghanistan to send him at least 40,000 more troops.

The Palestinian Islamist movement Hamas, which controls the Gaza Strip and opposes a peace treaty with Israel, said the award was premature at best.

EMBARRASSING "JOKE"

Obama is the fourth U.S. president to be awarded the Nobel Peace Prize after Jimmy Carter won in 2002, Woodrow Wilson picked it up in 1919 and Theodore Roosevelt was chosen for the 1906 prize.

Issam al-Khazraji, a day laborer in Baghdad, said of Obama: "He doesn't deserve this prize. All these problems -- Iraq, Afghanistan -- have not been solved . . . man of 'change' hasn't changed anything yet."

Liaqat Baluch, a senior leader of the Jamaat-e-Islami, a conservative religious party in Pakistan, called the award an embarrassing "joke".

But the chief Palestinian peace negotiator, Saeb Erekat, welcomed it and expressed hope that Obama "will be able to achieve peace in the Middle East."

Nobel Committee Chairman Thorbjoern Jagland rejected suggestions from journalists that Obama was getting the prize too early, saying it recognized what he had already done over the past year.

"We hope this can contribute a little bit to enhance what he is trying to do," he told a news conference.

The committee said it attached "special importance to Obama's vision of and work for a world without nuclear weapons", saying he had "created a new climate in international politics".

Without naming Obama's predecessor George W. Bush, it highlighted the differences in America's engagement with the rest of the world since the change of administration in January.

"Multilateral diplomacy has regained a central position, with emphasis on the role that the United Nations and other international institutions can play.

"Dialogue and negotiations are preferred as instruments for resolving even the most difficult international conflicts," it said, and the United States was playing a more constructive role in tackling climate change.

Obama is negotiating arms cuts with Russia, and last month dropped plans to base elements of a U.S. anti-missile shield in Poland and the Czech Republic. Moscow had seen the scheme as a threat, despite U.S. assurances it was directed against Iran.

On other pressing issues, Obama is deliberating whether to send more troops to fight the Taliban in Afghanistan, and is still searching for breakthroughs on Iran's disputed nuclear program and on Middle East peace.

Israel's foreign minister said on Thursday there was no chance of a peace deal for many years.

Zimbabwean Prime Minister Morgan Tsvangirai, who had been tipped as a favorite for the prize, told Reuters that Obama was a deserving candidate and an "extraordinary example".

Obama's uncle Said Obama told Reuters by telephone from the president's ancestral village of Kogelo in western Kenya: "It is humbling for us as a family and we share in Barack's honor... we congratulate him."

The prize worth 10 million Swedish crowns ($1.4 million) will be handed out in Oslo on December 10.

(Additional reporting by Oslo newsroom, Kamran Haider in Pakistan, Mohammed Assadi, Nidal al-Mughrabi in Gaza; Mark Denge in Nairobi, Jason Webb in Spain; Writing by Alistair Bell, Editing by Howard Goller)

Miscarriage Treatment Won't Harm Future Fertility: Study (HealthDay)

FRIDAY, Oct. 9 (HealthDay News) -- The current treatments for
women who've had an early miscarriage don't affect their long-term
fertility, new research shows.

About 15 percent of pregnancies end in miscarriage in the first
trimester. For decades, standard treatment was surgery to remove tissue
remaining in the uterus, but now many women are offered expectant (watch
and wait) and medical treatment as well, according to background
information in the study.

Previous research found that infection rates are about the same for all
three methods, but little information was available about their long-term
effects on fertility.

The new British study, published online Oct. 9 in the BMJ,
included 762 women who had received surgical, medical or expectant
management for an early miscarriage. Asked about subsequent pregnancies
and live births, 83.6 percent of the women reported a subsequent pregnancy
and 82 percent had had a live birth.

Live birth within five years of miscarriage was reported by 78.7
percent of those who received medical treatment, 79 percent who received
expectant management, and 81.7 percent of those who had had surgery, the
researchers found.

Older women and those who experienced three or more miscarriages were
much less likely to have a subsequent live birth, the study authors
noted.

"Women can be reassured that long-term fertility concerns need not
affect their choice of miscarriage management method," the researchers
concluded.

More information

The U.S. National Institute of Child Health and Human Development has
more about miscarriage.

US envoy holds Mideast talks as Obama wins Nobel

JERUSALEM – When President Barack Obama won the Nobel Peace Prize on Friday, his Mideast envoy was hard at work in Jerusalem trying to revive a faltering peace process on which Obama has staked his credibility and that of the United States.
Israel's refusal to freeze settlement construction, a Palestinian refusal to resume peace talks without that freeze and widespread predictions of failure overshadowed George Mitchell's meetings with Israeli and Palestinian leaders — underscoring the tough road ahead for the Obama administration's Mideast peace ambitions.
Mitchell was meeting with Israeli Prime Minister Benjamin Netanyahu when the unexpected award announcement came in.
The prize will not eliminate the multitude of problems that have thwarted peace efforts for decades or persuade historic enemies to yield to Obama's agenda. But it could give a much-needed boost to a U.S. leader whose credibility as a peacemaker in this region has been flagging.
Though many in Israel appeared perplexed by the decision, the country's leadership offered enthusiastic congratulations.
"I believe the Nobel prize will strengthen President Obama's ability to contribute to a comprehensive peace in the Middle East," Defense Minister Ehud Barak, said in a statement.
Shimon Peres, who won the prize himself in 1994, said he was happy the prize committee chose to honor the "most unusual and far-reaching impact" of Obama's leadership.
Obama began his term in office with a Mideast peace push that included an unequivocal call for Israel to halt settlement activity in the West Bank — a call that was enthusiastically embraced by the Palestinians. But though Israeli Prime Minister Netanyahu agreed in principle to the formation of a Palestinian state and said he would limit settlement construction for a limited time, he refused to agree to a full halt.
At a summit meeting last month in New York, Obama appeared to yield to the Israelis, which — along with Obama's growing domestic woes — made him appear weak to both sides.
Alon Liel, a Hebrew University political scientist and a former director of Israel's Foreign Ministry, called the Nobel decision "brilliant."
Obama's Mideast peace momentum has suffered recently and the president and his team have appeared to lose steam, he said.
"It's a great idea, because it tells him, 'Don't break. The world appreciates you.' It could give new energies, and an indication to people in this region that the world is not going to give up on this idea," Liel said.
But many are skeptical. Only Thursday, Israeli Foreign Minister Avigdor Lieberman said no peace deal is possible soon.
"Anyone who says that within the next few years an agreement can be reached ending the conflict ... simply doesn't understand the situation and spreads delusions," Lieberman told Israel Radio. The foreign minister doesn't set policy, but his views are shared by many in Israel.
Ismail Haniyeh, the prime minister of the militant Hamas government that rules Gaza, said that without a change in what he said was unfair U.S. support for Israel, "I think this prize won't move us forward or backward."
The Palestinians have been sticking to their demand for a full settlement freeze, and Abbas was expected to reiterate that position with Mitchell on Friday. With the Israelis consistently rebuffing that demand, that would rule out new talks.
Abbas has been weakened by public protests against his decision not to pursue war crimes charges against Israel over the Gaza fighting earlier this year. Criticized for buckling to Israeli and U.S. pressure, he could find it far more difficult to compromise on his call for a settlement freeze.
In an interview published Friday in the Israeli daily Haaretz, Jordan's king, Abdullah II, warned that the sides were "sliding back into the darkness."

In Jerusalem, there were scattered clashes Friday in the city between police and Muslim protesters. Several protesters and policemen were lightly hurt.

The friction, in which no one has been seriously injured, appears to have been sparked by rumors among Palestinians about an attempt by Jewish extremists to harm the Islamic holy sites in the compound known to Jews as the Temple Mount and to Muslims as the Noble Sanctuary.