Wednesday, March 27, 2013

RBS Rolls Out Mobile Chat For Business Customers - Bank Systems ...

March 26, 2013

U.K. banks RBS and NatWest have launched a a mobile text-based chat function for their business banking customers.

The banks, which are both operate under the RBS Group umbrella, said the service is designed give business clients quick access to agents while on the move.

[See Also: Is Mobile Banking Ready For Business?]

The in-app function was designed in conjunction with London-based mobile company Grapple. Once logged in to the app, customers can then initiate a conversation with a business banking advisors. The service is available from 9am to 6pm on weekdays and 10am to 4pm on Saturdays.

According to the banks, the new mobile chat function is designed to reduce call-waiting and in-branch wait times for time-sensitive business account holders.

?The number of RBS business banking customers banking on mobile has increased significantly within the past 12 months and we are delighted to be the first bank in Europe to launch Mobile Chat, delivering a consistent customer service experience across all our channels," said Aron Thompson, Digital Director, Business & Commercial at RBS, in a statement. "The drive to enable customers to bank with us on the move is part of our ahead for Business commitment to make life easier for our customers."

The mobile chat service is currently available for iPhone users only.



Source: http://www.banktech.com/channels/rbs-rolls-out-mobile-chat-for-business-c/240151701

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Monday, March 25, 2013

Paralyzed 9 years ago, Iraq vet prepares to die

Tomas Young is "ready to go" as he puts it. After nine years of suffering and with his body quickly deteriorating he has decided to end his struggle.

Young, 33, was paralyzed from the chest down by a sniper's bullet in a battle in Sadr City, Iraq on April 4, 2004, less than a week after he got to the country. He had joined the Army just two days after September 11, 2001 and assumed he would be sent to Afghanistan. Now nine years after that battle he is choosing to end his suffering. He is in hospice care and getting ready to die.

"I just decided that I was tired of seeing my body deteriorate and I want to go before it's too late," Young said in phone interview with ABC News from his home in Kansas City, Mo. "I've been doing this for the past nine years now?and I finally felt helpless every day and a burden to the people who take care of me and that's why I want to go."

Young and his wife Claudia Cuellar are receiving guests for a few more weeks. During that time, Young will say goodbye to friends and family and then will stop receiving medications, nourishment and water. They don't know how long it could be after that time he will die, but they believe it will be one to three weeks, but it could be as long as six weeks.

They don't consider it suicide, just an end to his suffering.

"I'm not the boy who would always think suicide if maybe something goes wrong," Young said. "I put lots of time into this. I considered the facts that people I know who love me and would prefer that I stick around, and my only hope is that they realize that they're being selfish in wanting me to just stick around and endure the pain."

Young and Cuellar have decided to go public with their story. First, in an article in the Kansas City Star because they want to change the perception on death and dying in this country as well as continue to shine a light on the anti-Iraq war activism Young has been focused on since becoming paralyzed. He was the subject of a 2007 documentary "Body of War" produced by Phil Donahue. It showed Young dealing with the excruciating physical effects of his injury including post-traumatic stress, as well as his work against the Iraq war.

Cuellar says since the first story was written about his choice to die last week they have received mixed reactions of people supporting Young's decision as well as people urging him to "hang on" or "fight a little more." She says it's because people can't fathom his daily pain.

In 2008, he suffered a pulmonary embolism and anoxic brain injury which he believes was because he was taken off of blood thinners. It affected his speech as well as impaired the use of his arms. Cuellar and Young met when she saw the documentary and she began visiting him when he was in rehabilitation in Chicago after the embolism. They married last April.

"He was a para[plegic] and he was independent and functioning independently so he rolled the ball up the mountain to learn how to be a paraplegic and then four years later...he has the embolism he gets rolled back all the way down the mountain and he now has to live like a partial quadriplegic," Cuellar said.

Since then, they estimate, he takes between 35 to 45 pills a day. He has mucus, but because of his paralysis cannot cough it up so Cuellar presses it out of him ten to fifteen times a day. He takes more pills for waves of nausea that hit him throughout the day, antibiotics for infections, his vision is fading, and he's had increased nightmares they linked to the increase in pain medications. His colon was removed in November and he now can't eat solid food. Young's speech is also quite blurred so his wife jumps in when needed.

"We've had to increase the pain medication over time quite consistently and incrementally so the increase in pain meds will decrease his faculties somewhat so he is becoming forgetful a little bit. He was always very clear before," Cuellar said.

She also must clean "pressure sores" on his buttocks where Cuellar says she can see the "living bone."

"I hope people understand that we are not just deciding to stop feeding because things are kind of difficult," Cuellar said. "It is an insurmountable challenge every day and I don't know how we get through. We get through with each other."

So, how exactly does this happen in the age of modern medicine and to a man who served his country bravely?

Young says it's been a "long process" since he began experiencing "severe abdominal pain in July of 2009" and he hasn't just been struggling with his deteriorating body, but with the health care system, calling the Veterans Affairs (VA) Hospital a "factory." He left in October against medical advice.

"At the VA the doctors seem to think they are so much better than all of their patients and if you try to say, 'Oh what if it's like this?' or 'What if we go down this road?' and they say, 'No, no that won't work,'" Young said. "I said (the VA) was more zoo-like, it's actually more like a factory. Like patients are on an assembly line."

They said the treatment at a private hospital he went to was better, but Cuellar said "there is still this drive towards procedures, surgeries, drugs, procedures, surgeries, drugs."

"When we felt like we had enough of procedures, surgeries, and drugs there isn't a space allowed to begin to talk about transition into hospice or feelings about suffering or death and dying. Even with medical professionals they don't want to talk about it," Cuellar said.

They said when they first approached Young's doctors with his wish to go into hospice they said due to his young age he wasn't the "typical hospice patient."

"This is what happens when a country sends their sons and daughters to war," Cuellar said. "Broken bodies come back and broken bodies deteriorate over time just like a diseased body and just like an aging body and this is the reality. I'm sorry if it doesn't fit your profile of somebody who is 90 years old and about to die going to hospice."

In order to be accepted in a hospice, Young must be "terminally" ill, which he technically is not. They were able to be accepted when he was ruled to have an "inability to thrive." He now has in-home hospice care from Crossroads Hospice.

"All we want to do is go home," Cuellar said, referring to the time before the ruling was made. "We don't want to be in a hospital, we don't want to be in an ER, we don't want to go into a nursing home?we felt like we were like Frankenstein. They just wanted to keep cutting open, stitching up, going in, another pill and this is a dehumanizing process."

Although Young has been involved in protesting the Iraq war for years, his final piece of political activism is an open letter he wrote to former President George W. Bush and former Vice President Dick Cheney accusing them of war crimes.

"You may evade justice, but in our eyes you are each guilty of egregious war crimes, of plunder and, finally, of murder, including the murder of thousands of young Americans--my fellow veterans--whose future you stole," it reads in part.

ABC News' Chief Global Affairs Correspondent Martha Raddatz has covered the war in Iraq extensively, writing a book, "The Long Road Home" about the battle in Sadr City in which Young was injured.

She sat down with the man who saved Young and others, Robert Miltenberger several times since the battle. He served as a staff sergeant in Sadr City in 2004.

Miltenberger, who was awarded the silver star for his bravery, told Raddatz in 2005 that he thought about Young and others often, telling her the memories were "haunting." In November 2011, she interviewed him again and he said he had told Young that he apologized to him for what happened right after he was paralyzed.

"I was telling him that I was sorry that I lied to him, that he wasn't paralyzed, that people were lying on his legs and he was just numb from all the weight and stuff," Miltenberger recalled. "He said it was okay. He didn't blame me."

Young's reaction to hearing those words was that "I've never had any hard feelings and I never considered it lying. I was just trying to keep my head above water."

Young said he would like to talk to Miltenberger before his life ends.

Young says he wants the country to learn from his struggle that "war is the last resort" and in future conflicts the American government should try diplomacy and "if they are still not cooperating they should send in a small group of elite trained forces not 125,000 19-year-old kids whose first cultural experience is eating at the Olive Garden or Taco Bell. "

"I want our government to try every possible outlet with the country before invading it, before going to war," Young said.

Young added that if the United States does go to war then "all boxes must be checked."

"Make sure that the soldiers, marines, and sailors have the best body armor, the best armor around their vehicles," Young said before Cuellar added, "And having a healthcare system that will take of you when they get back. I mean, they just can't be abandoned when they sacrifice for their country."

Young's mother Cathy Smith, whom he says has worked as a "pit bull" on his behalf, is also almost always by his side.

He said "she's come around to the conclusion that it would be far more selfish for her to want me to stay alive and be in pain the rest of my life than just let me go."

Also Read

Source: http://news.yahoo.com/wounded-iraq-vet-prepares-die-122209007.html

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Saturday, March 2, 2013

Why Nokia Is Calling ?Here? Here, The Curious Rebranding Of Their Maps Product

Here-logo-2012As Nokia tries to separate out its mapping business and make it a standalone entity earning more than 1 billion euros per year, it has stripped its name entirely out of the unit. This past week, the company said it would take its name out of all navigation products and instead brand them with the word “HERE” — as in HERE Maps, HERE Drive and HERE Transit. Yes, it does sound a bit strange. The real reason likely has to do with the fact that partners like Amazon and Mozilla, which license Nokia data for their hardware, might be touchy about having “Nokia” branding inside their products. But in bureacro-speak, Nokia’s reasons are a bit different. “HERE is a name that I think signifies what I call an ethos in cartography. HERE is about a sense of location,” said Michael Halbherr, the Nokia executive who oversees the company’s location and commerce unit, in an interview at Mobile World Congress in Barcelona this week. “If you look at the brand, it’s the same font and the same color logic,” he said. “There are other companies that do it successfully with Microsoft having the X-Box, Bing and Skype brands.” With the acquisition of NAVTEQ for $8.1 billion in 2007, the company brought in a licensing business that helped the unit bring in 278 million euros ($364.7 million) in the fourth quarter of last year. That business handles four out of every five cars with an in-dash navigation system, Halbherr said. It also recently bought Earthmine last year for the company’s 3D-map making software, and partnered with Mozilla to bring location and maps to the Firefox OS. Nokia views the model for maps as one that’s mostly about licensing with partners like Amazon and Ford, although they’re exploring commerce partnerships with companies like Groupon and recently launched a direct-to-consumer maps for iOS. They face a competitive field including Google Maps, Microsoft’s Bing Maps and MapQuest among others. Halbherr thinks they got a boost from the Apple Maps debacle, although he wouldn’t specify if it actually contributed to new deals. “What happened when Apple launched maps was that the focus moved to quality and that’s clearly, clearly what is good for us,” he said. “To be a full mapping company, you have to drive the streets, you need data centers. It can look very simple and automated but the last 20 percent takes 80

Source: http://feedproxy.google.com/~r/Techcrunch/~3/OrrjUslIotc/

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Friday, March 1, 2013

Scientists discover new belt of radiation around Earth

NASA's twin Van Allen space probes detected a previously unknown temporary ring of high energy particles around our planet.?

By Charles Q. Choi,?SPACE.com / February 28, 2013

Two giant swaths of radiation, known as the Van Allen Belts, surrounding Earth were discovered in 1958. In 2012, observations from the Van Allen Probes showed that a third belt can sometimes appear. The radiation is shown here in yellow, with green representing the spaces between the belts.

NASA/Van Allen Probes/Goddard Space Flight Center

Enlarge

A ring of radiation previously unknown to science fleetingly surrounded Earth last year before being virtually annihilated by a powerful interplanetary shock wave, scientists say.

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NASA's twin Van Allen space probes, which are studying the?Earth's radiation belts, made the cosmic find. The surprising discovery ? a new, albeit temporary, radiation belt around Earth ? reveals how much remains unknown about outer space, even those regions closest to the planet, researchers added.

After humanity began exploring space, the first major find made there were the?Van Allen radiation belts, zones of magnetically trapped, highly energetic charged particles first discovered in 1958.

"They were something we thought we mostly understood by now, the first discovery of the Space Age," said lead study author Daniel Baker, a space scientist at the University of Colorado.

These belts were believed to consist of two rings: an inner zone made up of both high-energy electrons and very energetic positive ions that remains stable in intensity over the course of years to decades; and an outer zone comprised mostly of high-energy electrons whose intensity swings over the course of hours to days depending primarily on the influence from the solar wind, the flood of radiation streaming from the sun. [How NASA's Twin Radiation Probes Work (Infographic)]

The discovery of a temporary new radiation belt now has scientists reviewing the Van Allen radiation belt models to understand how it occurred.

Radiation rings around Earth

The giant amounts of radiation the Van Allen belts generate can pose serious risks for satellites. To learn more about them, NASA launched twin spacecraft, the Van Allen probes, in the summer of 2012.

The satellites were armed with a host of sensors to thoroughly analyze the plasma, energetic particles, magnetic fields and plasma waves in these belts with unprecedented sensitivity and resolution.

Unexpectedly, the probes revealed a new radiation belt surrounding Earth, a third one made of super-high-energy electrons embedded in the outer Van Allen belt about 11,900 to 13,900 miles (19,100 to 22,300 kilometers) above the planet's surface. This stable ring of?space radiation?apparently formed on Sept. 2? and lasted for more than four weeks.

"The feature was so surprising, I initially foolishly thought the instruments on the probes weren't working properly, but I soon realized the lab had built such wonderful instruments that there wasn't anything wrong with them, so what we saw must be true," Baker said.

This newfound radiation belt then abruptly and almost completely disappeared on Oct. 1. It was apparently disrupted by an interplanetary shock wave caused by a spike in solar wind speeds.

"More than five decades after the original discovery of these radiation belts, you can still find new unexpected things there," Baker said. "It's a delight to be able to find new things in an old domain. We now need to re-evaluate them thoroughly both theoretically and observationally."

A radiation mystery

It remains uncertain how this temporary radiation belt arose. Van Allen mission scientists suspect it was likely created by the?solar wind?tearing away the outer Van Allen belt.

"It looks like its existence may have been bookended by solar disturbances," Baker said.

Future study of the Van Allen belts can reveal if such temporary rings of radiation are common or rare.

"Do these occur frequently, or did we get lucky and see a very rare circumstance that happens only once in a while?" Baker said. "And what other unusual revelations might come now that we are really looking at these radiation belts with new, modern tools?"

The scientists detailed their findings online Feb. 28 in the journal Science.

Follow?SPACE.com?on Twitter?@Spacedotcom. We're also on?Facebook?&?Google+.

Copyright 2013?SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://rss.csmonitor.com/~r/feeds/science/~3/e2tlhubz_T4/Scientists-discover-new-belt-of-radiation-around-Earth

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$3,000 Gets You Literally the Aston Martin of Strollers

Sometime in the past few years mankind took a small step backwards in our development by allowing super-expensive luxury baby strollers to get popular. So popular, in fact, that now even Aston Martin is getting into the game by teaming up with Silver Cross on this over-the-top way to transport a baby. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/EGiI14j9Hls/3000-gets-you-literally-the-aston-martin-of-strollers

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Investing in emerging markets, but with a lower volatility | FP Street ...

San Diego-based Brandes Investment Partners is best known for making a few, but very substantial changes to way it tries to meet the needs of Canadian clients. For instance:

???? In 2006 it signed a partnership arrangement with Sionna Investment Managers, a deal where the two parties share equally in the costs and the revenues. From Brandes? perspective the alternative was to retain Sionna as a sub-advisor;

???? In July 2011 it unveiled its first new mutual fund, the Sionna Monthly Income Fund, in more than five years;

???? In January 2013 it announced a new arrangement with Lazard Asset Management (LAM) to offer LAM mutual funds to retail investors in Canada. As with its deal with Sionna, the arrangement is a partnership. It?s understood that the partnership arrangement by LAM is its first in recent memory.

???? On Wednesday it announced the launch of the first two new funds under the LAM arrangement.

The two new funds are Lazard Global Equity Income Fund and Lazard Emerging Markets Multi-Strategy Fund. The former fund is a total return fund that, as the name suggests will invest globally with the stocks selected on the basis of their total return potential, not simply income.

The second fund is designed to invest in different asset classes (equity, debt and currencies) in emerging markets and end up with less volatile returns than, say, with index investing. ?The multi-asset allocation structure of the fund is designed to provide risk-conscious clients with access to emerging markets opportunities with lower volatility,? said Jai Jacob, a portfolio manager/analyst with LAM.

In an interview, Jacob said the fund incorporates five different strategies: emerging markets value; emerging markets growth; emerging markets small cap; emerging markets debt and emerging markets currencies. Jacob is one of the five members of the firm?s multi-strategy team that was formed in 2007. In all. LAM?s emerging markets group is home to more than 50 professionals.

?You need the appropriate number of people to be able to implement the strategy,? said Jacob.

In response to a question of why the company is launching a multi-strategy fund now, Jacob said that while many investors have ?bought into the broad macro idea of the emerging markets [they] end with a positioning that doesn?t reflect their conviction at all,? given that some of them have 1%-3% invested in those markets. ?We want to come up with a solution that could help investors allocate more to emerging markets,? said Jacob noting that a similar fund has been available and managed according to the same approach for U.S. investors and international investors since 2011.

As for the gap between what clients say they want and what they achieve, Jacob said, ?It?s pretty clear because of the risks and the volatility. We wanted to put together a strategy that could give them a lower volatility access point to the emerging markets,? he said, noting that volatility over a long period of time is about 25% ? or about 10 percentage points above what?s expected in the developed markets.

In this way, the goal ?is to deliver on the returns and the longer term themes in the emerging markets but do it at a much lower volatility,? said Jacob noting that the lower volatility will result ?from a balanced approach that will combine the different ideas of five different teams.?

Jacob said that one of the problems with a passive approach is that the current emerging market indexes represent about one-third of the universe of about 2600 emerging market stocks ? down from 50% a few years ago. Those ratios are based on comparing the Morgan Stanley Investible Market Index with the MS Emerging Markets Index. And LAM casts its net wider than the passive managers: Jacob said that investments can be made in about 30 emerging markets ? or about 50% more than what?s contained in the indexes. Of the current multi-strategy emerging market funds managed by LAM, Russia has the largest individual allocation. Equities account for about two-thirds of the overall assets in LAM?s emerging markets? funds.

As for fees, the expectation is that they will be about 2.7% a year.

As for the likely returns from the new multi-strategy fund, Jacob said that the expectation is that it would match the long term performance of the emerging markets which is about 8%-10% a year ? but with a lower volatility.

Source: http://business.financialpost.com/2013/02/28/investing-in-emerging-markets-but-with-a-lower-volatility/

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Thursday, February 28, 2013

Lew set to start at Treasury amid budget crisis

WASHINGTON (AP) ? Jacob Lew is scheduled to be sworn in Thursday as Treasury secretary and will have to hit the ground running.

He is taking over the job just a day before huge automatic government spending cuts are set to take effect. He's likely to be involved with any negotiations to reverse the cuts, and also in budget talks next month to continue funding the government.

The Senate confirmed Lew late Wednesday, affirming President Barack Obama's choice of a budget expert at a time when Congress and the White House are at odds over spending and taxes.

"At this critical time for our economy and our country, there is no one more qualified for this position than Jack," Obama said in a statement issued after the Senate vote. "His reputation as a master of fiscal issues who can work with leaders on both sides of the aisle has already helped him succeed in some of the toughest jobs in Washington."

The vote was 71 to 26 to support the nomination. Voting against Lew's confirmation were 25 Republicans and independent Bernie Sanders of Vermont.

Lew, 57, had most recently served as Obama's chief of staff. He succeeds Timothy Geithner, who completed a tumultuous four-year term in which he helped lead the administration's response to the financial crisis and recession.

Lew began his government service in the 1980s as an aide to House Speaker Tip O'Neill. He brings nearly three decades of government service to the job, including two stints as White House budget director.

Republican Sen. Jeff Sessions of Alabama, who opposed the nomination, said Lew as budget director was the architect of the Obama's administration's failed efforts to get soaring deficits under control.

During his confirmation hearing, Lew signaled no major economic policy changes. He advocated a balanced approach to reducing the long-term budget deficit through spending cuts and additional tax revenue.

He said he would be open to reforms to Medicare, but he didn't spell out any details. Lew also said he would work with the committee on a rewrite of the tax code.

Beyond the budget, Lew is expected to hew closely to the positions Geithner struck on Europe's debt crisis, the U.S. relationship with China and the administration's defense of the Dodd-Frank financial overhaul law that the banking industry has fought to weaken.

Some Republicans voted against Lew because they were not satisfied with his answers about his previous employment with Citigroup, including a brief time when he was chief operating officer for an investment unit in 2008. The unit has been criticized for making risky investments that imploded during the financial crisis. And Lew received a bonus of nearly $1 million in early 2009, a time when Citi was being bailed out by taxpayers.

Lew told the panel that he didn't make decisions about the investments being offered to clients. He said his bonus reflected compensation for his work.

Sen. Charles Grassley, R-Iowa, opposed Lew's nomination. He cited questions about his time at Citi, as well as Lew's compensation while working as chief operating officer at New York University.

"Mr. Lew's eagerness and skill in obtaining bonuses, severance payments, housing allowances and other perks raises concerns about whether he appreciates who pays the bills," Grassley said.

One potential weakness for Lew: His relative inexperience with financial markets and international economic crises ? areas that had played to Geithner's background. Analysts think Lew will keep pressuring Europe to deal aggressively with its budget and debt issues. But they think this will consume less of his time given that Europe's debt crisis now poses less of a threat to the global economy.

On trade, Lew is expected to keep prodding China. The U.S. trade gap with the world's second-largest economy hit another record high last year. No breakthrough is expected, though.

Lew will also need to calm investors who have grown concerned about possible currency wars after Japan's new government sought to lower the value of the yen as a way to boost exports and its weak economy. A weaker yen makes Japanese goods cheaper overseas and foreign goods costlier in Japan.

And Lew will need to defend the Dodd-Frank Act, which overhauled financial regulation after the 2008 crisis. Since the law was passed in 2010, Wall Street has fought to weaken many of its stricter regulations.

He may also need to work on his signature, which starts off with a soft "J'' but is followed by seven loopy scribbles that render it illegible. The Treasury secretary's signature is emblazoned in the lower right corner of U.S. dollar bills of all denominations.

When he announced Lew's nomination, Obama said Lew had promised to work to make one letter legible "in order not to debase our currency."

Source: http://news.yahoo.com/lew-set-start-treasury-budget-cuts-loom-090252492.html

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