2009
12.31
Belgian court rules against Fortis shareholders

0 Comments | AFP, December, 2009

BRUSSELS (AFP) A Brussels court said Tuesday it could not judge a complaint by about 2,400 small shareholders seeking to block the break-up of Belgian-Dutch banking and insurance group Fortis.

The court said it could not issue a ruling on the actions of the Dutch government and the Netherlands central bank during decisions taken at the height of the economic crisis last year as to the future of Fortis.

However, a Belgian legal battle — mirrored by a similar long-running fight in the Netherlands — is set to run on after the preliminary hearing.

Fortis shareholders approved a deal to sell the group’s nationalised former Belgian banking arm to BNP Paribas at the end of April, with the French banking giant taking control the following month.

The court said…

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2009
12.31
ICE Reports 24% Increase in Daily Futures Volume for November 2009, with Record ADV at ICE Futures Europe; $4 Trillion Cleared in CDS Globally

PR Newswire, Dec 2, 2009

ATLANTA, Dec. 2 /PRNewswire-FirstCall/ — IntercontinentalExchange , a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, today reported strong volume growth across its three futures exchanges for the month of November 2009. Average daily volume (ADV) for ICE’s futures markets was 1,084,195 contracts, an increase of 24% from November 2008. ICE Futures Europe established a monthly ADV record of 724,934 contracts, up 30% from November 2008. Year-to-date through November 30, 2009, ADV across ICE’s futures exchanges was 1,040,452 contracts, an increase of 12% from the first 11 months of 2008. Total futures volume for the month of November was 21.7 million contracts.

  (Logo http://www.newscom.com/cgi-bin/prnh/20090727/CL51999LOGO )

  November 2009 Review
  --  Through November 30, 2009, ICE's credit default swap (CDS) clearing
      houses cleared more than $4 trillion in notional value across 49,154
      transactions.
      --  ICE Trust has cleared $2.9 trillion of notional value since its
          launch in March 2009, resulting in $190.7 billion of open
          interest.
      --  ICE Clear Europe has cleared euro 763 billion ($1.14 trillion) of
          notional value since the launch of its CDS clearing services in
          July 2009, resulting in euro 68.8 billion ($103.1 billion) of open
          interest.
  --  On November 3, ICE Clear Europe observed its first anniversary. The
      London-based derivatives clearing house commenced operations for ICE's
      energy futures and OTC markets at the peak of the financial crisis.
      ICE Clear Europe launched a separate CDS clearing service in 2009.
  --  On November 5, ICE announced that ICE Trust was named a winner in the
      2009 Credit magazine Technology Innovation Awards.
  --  On November 10, ICE announced the introduction of 40 new OTC cleared
      energy contracts. This new suite of products includes two Argus Sour
      Crude Index (ASCI)-based swaps launched November 13, and 38 North
      American natural gas, power, natural gas liquids and global oil
      products, which will be available December 7. ICE now offers 280
      cleared energy OTC contracts.
  --  On November 11, ICE announced the introduction of two new ASCI-based
      futures contracts, which will be available for trading on December 7,
      pending regulatory approval.
  --  On November 19, ICE announced the introduction of an OTC cleared iron
      ore swap contract. The ICE Platts Iron Ore Swap 62% Fe (metallic iron)
      contract will be available December 2, 2009.
  --  Trading days in November 2009:
      --  ICE Futures Europe: 20
      --  ICE Futures U.S.: 20
      --  ICE Futures Canada: 20
  --  ICE Futures Europe records achieved in November 2009:
      --  The exchange set an open interest record of 2,954,658 contracts on
          November 19.
      --  The ICE Brent crude and the ICE Gasoil futures contracts
          established monthly ADV records of 325,244 contracts and 169,760
          contracts, respectively.
      --  Volume, ADV and open interest records were established for several
          coal and emissions contracts, as well as U.K. natural gas.
  --  ICE Futures U.S. records achieved in November 2009:
      --  U.S. Dollar Index (USDX) futures established a monthly volume
          record of 354,787 contracts.

               ICE Futures Contracts & Markets Monthly ADV

                                           ADV       ADV         ADV
                                         November   November   % Change

Product Line 2009 2008 ————————————

———- ——— ———- ICE Brent Crude futures & options

327,499 267,565 22.4 ICE WTI Crude futures & options

187,864 161,818 16.1 ICE Gasoil futures & options

170,452 106,287 60.4 ICE ECX emissions futures & options (1) 21,949 16,123 36.1 Other futures contracts (2) 17,170 6,831 151.4 TOTAL ICE FUTURES EUROPE 724,934 558,624 29.8 Russell 2000(R) mini futures & options 135,512 149,239 -9.2 Sugar No. 11 futures & options 103,378 78,997 30.9 Other agricultural commodity contracts (3) 85,466 72,243 18.3 Currency futures (4) 4,533 3,949

14.8 Index futures (5) 18,184 5,767

215.3 Other contracts (6) 181

251 -27.9 TOTAL ICE FUTURES U.S. 347,254

310,446 11.9 TOTAL ICE FUTURES CANADA 12,007 7,323 64.0 ———————–

——— ——- —- TOTAL FUTURES CONTRACTS

1,084,195 876,393 23.7%

(1) ICE ECX EUA and ICE ECX CER futures and options contracts are the

  result of a cooperative relationship between ICE Futures Europe and
the European Climate Exchange
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2009
12.19

Low life

Low life

Thrasher Magazine, Jan, 2010 by Michael Burnett

FROM WHAT I COULD TELL, Jim Greco got arrested in North Carolina for looking too damn good. Max capacity at the skateshop forced people to park at the dentist’s office next door and soon the cops were on the scene, presumably because asking someone nicely to move their car would involve actually interacting with your neighbors. So after the autograph signing, when Jim was looking for the van (which was initially parked at the dentist’s before being moved), he had no idea why a police officer would yell at him for simply strolling through a parking lot.

“You’re officially trespassing!” he shouted to Jim, who was on the phone. “What?” he asked, annoyed.

“You’re going to be charged with trespassing if you don’t leave the property immediately!” he bellowed. “I’m just walking through!” Jim told him.

“I don’t care who you are!” the cop shouted; although, by singling out the only guy in the Crowd dressed like a rock star, he obviously did. “I’m just walking!” Jim shouted back.

From there the exchange devolved to that magical place where all you can say is “Yes, Sir,” and “No, Sir,” and anything else is considered resisting arrest. This is a style of conversation that Jim isn’t accustomed to using with anyone, especially not a muscle-bound midget with shaved arms and Oakley Blades. I came out of the shop just in time to see him being stuffed in the back of the squad car and taken away.

FUN FAQ

The most frequent question I get about my job is “What’s it like to work with Jake Phelps?” The second-most commonly asked question, especially after an article or Web thing comes out, is “What’s it like to go on one of those Baker tours?” Though the answer to both of these questions is “Totally awesome,” the second one about the Baker/ Deathwish trips tends to be followed by further, more intense inquiry.

“Yes, but does Greco really wear makeup?”

“Has Antwuan ever attacked you?”

“Can Furby speak Spanish?”

“What’s Jeff Lenoce like as a person?” It isn’t just teenage skate fans or magazine nerds who want to know these and other tidbits of insider information. Everyone from top pros to company owners to even some of my old friends back home are curious about what goes on during these amazing journeys. Describing a Baker/Deathwish tour is sort of like trying to describe the ocean: very simple, and at the same time hopelessly complex. No wonder the Hawaiians have so many words for it. In the face of a daunting tour article, the thesis of which is either elusive, unflattering, or some mired combination of the two, I’d rather examine the seashells on the sand than probe the unsearchable depths. It was dudes on skateboards, riding around in vans, doing tricks and getting wasted. At the same time, it was something much more interesting and fantastic. Again, the short answer to what it’s like on a Baker/Deathwish tour? Totally awesome. Those seeking grittier details should read on.

QUIT PLAYIN’, TYRONE!

I skipped the first half of the Baker/Deathwish/ Shake Junt Low Life Tour brought to you by Kr3w and Supra. I took one look at the itinerary and decided right then and there that Hammeke deserved a shot at the big leagues. Yep. It was time Mr Pipes ‘n’ Pools got on the raw streets with some of skateboarding’s best. Prompting my generosity was the fact that the first 10 days of the mission resembled nothing better than a beeline directly into Satan’s crotch–a mid-August run from Los Angeles to Atlanta with stops in Phoenix, El Paso, Houston, Austin, Baton Rouge, and New Orleans–basically the hottest places in America during the sweatiest time of the year. A full-time shorts wearer and convertible driver, Hammeke was the perfect man for the job.

When I showed up at the Downtown Atlanta Super 8, the few straggling members of the crew I bumped into looked like Burning Man refugees, sun scorched and bloodshot, their iPods drooping listlessly from their dirt-caked ears. Andrew and Jim love staying at shitty motels–absolutely thrive on it. Maybe it reminds them of their roots on the Birdhouse demo circuit, or maybe they’re saving their money for better things, but that glowing yellow “8″ calls out to them every time. I got a room to myself the first night and had been asleep for a few hours when the phone rang. It took me a second to remember where I was, and I let it buzz a couple more times before picking up.

“Is Tyrone up in there?” they asked, matter-of-factly. “What? Who’s this?” I asked.

“This the front desk,” they replied
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2009
12.18
Orbital-Built Intelsat 15 Communications Satellite Successfully Launched

Business Wire, Dec 01, 2009

Spacecraft to Begin Several Weeks of In-Orbit Testing Prior to
Commencement of Commercial Service

DULLES, Va. — Orbital Sciences Corporation (NYSE:ORB), one of the worlds leading
space technology companies, announced today that the Intelsat 15 (IS-15)
satellite, built by the company for Intelsat, Ltd., was successfully
launched into orbit aboard a Land Launch Zenit-3 rocket from the
Baikonur Cosmodrome in Kazakhstan. The mission, which took place
yesterday, November 30, began with the lift-off of the Zenit-3 space
launch vehicle at 4:00 p.m. (EST)
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2009
12.17
Masdar Selects Linde to Reduce Carbon Footprint of Solar Modules

Business Wire, Dec 01, 2009

Adopts Lindes on-site generated fluorine to eliminate use of
greenhouse gases

MUNICH, Germany — Linde
Gases, a division of The Linde Group, and Masdar
PV GmbH, a manufacturer of large-scale, thin-film solar modules,
have signed an agreement to qualify and adopt Lindes on-site generated
fluorine a zero global warming solution for photovoltaic (PV) module
process chamber cleaning. This extension of the collaboration between
the two companies is a key element of Lindes drive to help accelerate
the PV industry from
grid parity to green parity.

Masdar PV will eliminate the use of the greenhouse gas nitrogen
trifluoride (NF3), which has a global warming potential
17,200 times that of CO2, from their state-of-the-art
thin-film production facility in Ichtershausen, near Erfurt (Germany).
Masdars philosophy of sustainable development and deployment of
renewable energy and low carbon technologies is fully supported by
Lindes mature fluorine generation technology, which provides a more
productive and energy efficient alternative to the use of
Per-Fluoro-Compound (PFC) gases, including NF3, for chemical
vapour deposition chamber cleaning.

Fluorine cleaning is a win-win choice for thin-film solar cell
manufacturers, said Ian Travis, manager of Lindes on-site Fluorine
business. In addition to removing any risk of unabated
emissions, Fluorine reduces non-productive cleaning time and improves
throughput. This is a rare situation where the interests of
environmental responsibility and profit are aligned. We are delighted to
be able to supply an immediate improvement on current technology to
Masdar, as proof of Lindes commitment to deliver efficiency through gas
technology.

Our objectives are to deliver innovative, thin-film technology with an
optimal cost-performance ratio, said Dr. Matthias Peschke, Masdars
Director of Operations & Engineering. Using sustainable materials,
hence significantly lowering the emissions in the production process, is
another important differentiator for Masdar PV in a highly competitive
market. Lindes efforts in offering efficient and safe on-site fluorine
technology to remove NF3 from our process are commendable.

Linde has pioneered efforts to achieve the lowest carbon footprint
possible for dry chamber cleaning in thin-film PV, TFT-LCD and
semiconductor manufacturing by installing more than 30 Generation-F
on-site fluorine generators in the electronics industry.

Linde has established a leading position in gas and chemical supply to
thin-film Si solar module manufacturers, supplying more than half of all
the industry projects. The company also has a strong position in
Crystalline Silicon, with nearly 40 percent market share. Linde is in a
leading position in key markets such as Germany, Spain, China, Taiwan
and India.

About The Linde Group

The Linde Gases Division, part of The Linde Group, is a leader in the
international industrial and healthcare gases markets, providing
compressed, bulk, specialty and medical gases, as well as chemicals to
virtually all fields of industry globally. The company adds value to its
customers businesses through the provision of state-of-the-art
application technology, process know-how, services and equipment.

The Linde Group is a world leading gases and engineering company with
almost 50,000 employees working in around 100 countries worldwide
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2009
12.17
Hard Up has a go at PC; Mailbag

Huddersfield Daily Examiner (Huddersfield, England), Dec 2, 2009

MY, my, I do upset one or two people. PC, of Waterloo, claims I should come out of hiding, but doesn’t have the moral judgement to do the same.

I do not speak for the public, but givemy personal views which, I trust, most people with common sense will understand.

Yes, I do have a full understanding of how public serviceswork, though itwould appear some of our councillors haven’t quite grasped the concept. Yes, I do charitable work of which I and colleagues are very proud.

Unfortunately, over the past 20 years I have watched Huddersfield degenerate, although a few good things have happened such as the revamp of Greenhead Park, though I stand by my views on the railings and the cancellation of work around the Princess Alexandra Walk. We at least can keep our library instead of it being turned into a shopping arcade with a ‘possible’ fitness centre on the top floor.

Finally, PC, get a grip of your emotions.

HARD UP AND FED UP Huddersfield

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2009
12.16

Severe injuries to baby

Severe injuries to baby

Huddersfield Daily Examiner (Huddersfield, England), Dec 1, 2009

A TWO-week-old baby was left with “severe injuries” after he was deliberately shaken and gripped by a 22-year-old man, a court was told.

Matthew Masterman, of Dodgeholme Court, Mixenden, near Halifax, pleaded guilty earlier this year at Bradford Crown Court to grievous bodily harm with intent.

Judge Peter Benson adjourned Masterman’s sentencing yesterday for a report to be completed into the level of risk the defendant poses to young children.

A second defendant, 21-year-old Kimberley Doherty, was sentenced to a two-year community order with a supervision requirement after she admitted child cruelty by neglect.

David Hill, prosecuting, told the court the baby boy suffered fractures to his collarbone, ribs and knee caused by “gripping” and “inappropriate handling” and haemorrhages caused by shaking.

He said: “He suffered life-threatening, non-accidental injuries which involved the application of considerable force.”

The baby, who cannot be named for legal reasons, began having fits and screaming later that night, but an ambulance was not called for around three hours.

The court heard Masterman had also been suspected of causing injury to another child, but denied deliberately inflicting those injuries.

Judge Benson described the case as “troubling” and told Masterman his sentencing would be adjourned while a more detailed report to assess the risk he represents to young children in the future was completed.

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2009
12.16

The Decade in Review

The Decade in Review

Newsweek, November, 2009

Twenty top-10 lists of the most important moments, at 2010.newsweek.com. An excerpt:

List No. 10

History-Altering Decisions

KERRY CAMPAIGN PICKS OBAMA FOR KEYNOTE

LETS ROLL

Passengers confront 9/11 hijackers on United 93.

TORA BORA

A blown chance to nab Osama bin Laden.

DE-BAATHIFICATION

The U.S. disbands the Iraqi Army.

CLINTON SIGNS CFMA

The bill that opened the door for Enron, AIG.

FLORIDA DECIDES ON THE BUTTERFLY BALLOT

TREVOR GRAHAM SLIPS A SYRINGE TO ANTI-DOPING AGENCY

MCCAIN PICKS PALIN

The maverick makes a risky move.

YAHOO HANDS GOOGLE A WIN IN THE SEARCH WAR

JEFFORDS DEFECTS

Leaves GOP, alters Senate balance of power.

THE FUTURE OF THE…

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2009
12.16
Caring Dentist with old-fashioned values to retire

0 Comments | The Virginian-Pilot and The Ledger-Star, Norfolk, VA, Mar 29, 2009 | by HARRY MINIUM

By Harry Minium

The Virginian-Pilot

In 51 years as a dentist, Norman Patrick Moore never turned away a patient who could not afford to pay.

He was raised Catholic and graduated from Holy Trinity Catholic School in Ocean View, where he was taught that to help those in need is a virtue.

So he provided discounts, worked out payment plans, or filled cavities for free for hundreds of patients.

“That’s why I’m 81 and haven’t retired,” he said with a laugh. “I couldn’t afford to.”

That changes this week, when he hangs up his picks, probes and mirrors for good. His office, on Glenrock Road near the Gallery at Military Circle shopping mall, will close Tuesday.

Moore has been in the Military Circle area since 1959. He has built a loyal clientele of patients, many from Virginia Beach and Chesapeake.

He’s from an old Norfolk family – his grandfather, Harry P. Moore, was a Virginian-Pilot reporter who wrote about the Wright Brothers first flight in 1903. Moore maintains the old-fashioned values his parents instilled in him.

He has never advertised, even though most of his competitors did, insisting that word of mouth was the best advertising.

If you were his patient and happened to break a tooth on a weekend, he didn’t send you to the emergency room.

Mary Jo Ward, who lives in the Hickory section of Chesapeake, said in her 49 years as his patient, Moore came through in more than one emergency.

One Thanksgiving morning, her son, Andy, developed a toothache. After eating turkey and dressing, Moore left his family, drove to his office and took care of Andy’s tooth.

Early on a Sunday morning one year, Ward’s son James woke up with a swollen face. Moore skipped church to fix the abscess. On another night, she returned from a religious activity in Richmond with an aching tooth. “It was late in the evening,” she said. “He said, ‘Come on over and we’ll take care of it.’

“You can’t find a dentist like him any more. I don’t know what we’re going to do without him.”

Neither do Roland and Delouise Sawyer, who live in the Larrymore Lawns section of Norfolk.

“We call him Dr. Painless,” Delouise Sawyer said. “Because when you leave there, you are not in pain. He always made sure of that.

“We’ve been going to him for 37 years. He’s going to be missed.”

Moore almost didn’t become a dentist. He was an engineering major at Saint Vincent College, a liberal arts Catholic school in Latrobe, Pa., when he took physical chemistry “and I found that course wasn’t for me.”

He switched majors, graduating with a degree in biology. He was drafted into the Army in 1950, where he worked on the nation’s fledging atomic bomb program.

In 1954, he entered dental school at the Medical College of Virginia. He began practicing in Great Bridge in 1958 and in 1959, moved his office to Norfolk.

He leaves with no regrets, he said, but with one good dog story. The Norfolk Police once asked him to cap a tooth of a police dog that had been injured in the line of duty.

He told the police he would do the surgery, but only if an anesthesiologist rendered the dog unconscious. “I’m not sticking my hand in that mouth otherwise,” he said.

At 81, he says he’s beginning to slow down.

“I used to see 25 patients a day,” he said
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2009
12.15
The huge gym class triceps: the top five triceps-training mistakes and how to correct them

Flex, Jan, 2010 by Greg Merritt

Triceps are like the big brother with a blue-collar job, toiling in anonymity, carrying their own workload and assisting others (chest and shoulders). All the while, they’re overshadowed by their little brother–biceps–the star athlete who grabs more attention without working as hard (assisting only back). The key to this analogy is that tri’s are the bigger muscles, despite their lagging reputation. This month, we tackle the five most common triceps blunders and lay out a course for raising your tri’s to star status. Class is in session.

HUGE PROGRAM

HARDGAINER’S

ULTIMATE

GROWTH

ENHANCEMENT

SYSTEM

MISTAKE #1

Not stressing all three heads

EXPLANATION

As the name suggests, your triceps have three heads: long (upper inside), medial (lower inside) and lateral (outside). The heads always work together, so it’s impossible to isolate one from the others. However, the angle of your arms changes the emphasis, stressing the heads differently. Too many bodybuilders are unaware of how various exercises hit their tri’s, and thus they typically overemphasize their lateral heads and underemphasize the long and medial heads.

SOLUTIONS

* When your arms are straight by your sides with an overhand or a parallel grip (palms facing each other, also known as a neutral grip), the lateral heads are worked most, as during conventional pushdowns.

* When your arms are straight by your sides with an underhand grip, the medial heads are hit most. Regardless of hand position, the medial heads also assist more on all triceps lifts as the arms reach full extension. To give your medial heads their due, consider adding reverse-grip pushdowns to your routine, and always squeeze out full contractions on triceps exercises.

* When your elbows are moved in front of your body or overhead, the long heads are targeted. Overhead extensions are best for “going long,” so always include some form of overhead tri extension in your routine.

MISTAKE #2

Inefficient exercise order

EXPLANATION

No exercise order is incorrect, but some are less efficient. Changing the order can shock your tri’s, and at times you may want to pre-exhaust by doing, say, pushdowns before close-grip benches. However, begin most workouts with the exercises in which you can overload your tri’s with the greatest resistance. Do those first in your routine because that’s when you’re strongest.

SOLUTIONS

* Do compound lifts, such as dips or close-grip bench presses, first.

* Do two-arm, free-weight extensions next.

* Finish with unilateral (one-arm) or cable exercises.

* You can change the preceding order on occasion, but stick to it for most tri workouts.

MISTAKE #3

focusing too much on machines and cables

EXPLANATION

Many trainers rely too heavily on various pushdowns and cable extensions
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