Sunday, June 3, 2012

Look Up, Stargazers: June 5 Is The Transit Of Venus

The Transit Of Venus: The planet Venus appears as a tiny black dot as it transits across the face of the sun on June 8, 2004. The rare astronomical event will take place again on June 5, 2012. Ian Waldie/Getty Images

The Transit Of Venus: The planet Venus appears as a tiny black dot as it transits across the face of the sun on June 8, 2004. The rare astronomical event will take place again on June 5, 2012.

It's been a good season for stargazers, a veritable meteor shower of astronomical goodies, from a supermoon to a solar eclipse. Next up? On Tuesday, June 5, astronomy enthusiasts can witness the Transit of Venus ? one of the rarest astronomical events.

To learn more about the Transit of Venus and to get tips for observing this rare astronomical event, visit the NASA website. Joerg Koch/AFP/Getty Images

To learn more about the Transit of Venus and to get tips for observing this rare astronomical event, visit the NASA website.

During the six-hour transit, Venus moves in between the Earth and the sun. It's a daytime phenomenon: "Instead of seeing Venus as the brightest object in the night sky, you see Venus as a tiny black dot crossing the burning disc of the sun," explains Andrea Wulf, author of Chasing Venus.

It's an event that happens in pairs eight years apart ? and then not again for more than a century. "I think we will be the last living people to see one because the next one is going to be in 2117," Wulf tells NPR's Rachel Martin.

Wulf's book, which is subtitled The Race to Measure the Heavens, explores the scientific and historical significance of the Transit of Venus. Back in the 1700s, the transit offered an opportunity for astronomers to unlock some fundamental puzzles about the solar system.


Interview Highlights

On 18th-century astronomers using the transit to figure out the distance between the Earth and the sun

"They would measure the time and duration of the transit, [and] they could then collect the data they needed to find out about the distance. The only problem was that they needed to have hundreds of observers looking at this from as far apart places as possible ? because if you were an observer in the Northern Hemisphere, you would see Venus marching across the sun on a slightly different track to an observer in the Southern Hemisphere. These differences in the tracks across the sun ? that's what they needed to calculate the distance between Earth and sun.

On the significance of scientists across the world working together

"This became the first global international scientific collaboration. I think for me that's the amazing story about this: ... You have hundreds of astronomers working together in the midst of the Seven Years' War."

On Astronomer Edmond Halley who predicted the Transit of Venus

"We know Halley really from Halley's Comet, which he predicted ? but he also predicted something else. He, in 1716 ? so almost 50 years before the transit of 1761 ? he wrote a 10-page essay, and in this essay he predicted that there would be a transit on the 6th of June 1761, and that this transit could be used to calculate the size of the solar system. And he knew he's not going to be alive then because he's already quite old in 1716, so what he's doing is he's calling a future generation of scientists saying: Whatever happens in 1761, you will all have to work together to observe this spectacle."

On the scientists who, despite the odds, answered Halley's call

"The Seven Years' War, which started in 1756, is a war which tears apart Europe. So these astronomers, a lot of them get attacked, so it makes it incredibly difficult.

"This is a time when ... a letter from London to Philadelphia takes two to three months. There are no standardized measurements on Earth. And they're trying to all work together to come up with one common value ? the distance between Earth and sun. So they're sending out these expeditions to the remotest places in this world, and these astronomers ... they travel with instruments that weigh about a half a ton, so they're like schlepping around these instruments. (There's a French astronomer, for example, who goes from Paris to Siberia and ... because his instruments are so heavy, he constantly crashes ... through the frozen rivers.)

Andrea Wulf is also the author of The Brother Gardeners and Founding Gardeners and co-author of This Other Eden. Saskia Manners/Alfred A. Knopf

Andrea Wulf is also the author of The Brother Gardeners and Founding Gardeners and co-author of This Other Eden.

On how the measurements went during the transits

"There are two transits, the 1761 ? that doesn't go very well. But they knew they had a second chance because there was the second transit eight years later in 1769, and the conditions for that transit were much better. The political conditions had much improved because the Seven Years' War had ended, and the astronomical conditions were also better. So they come up with a value [of the distance between the Earth and the sun], which is very, very close to today's value. ... Today we know it's just under 93 million miles, and they come up with a range between 93 and 97 million miles. So, pretty impressive."

On the foundation the astronomers built and the legacy they left for today's scientists

"They worked together peacefully and successfully, and I would argue that they laid the foundation of modern science how we understand it today. All these big science projects today, we take that for granted. International collaboration ? we tend to talk about this as if this is something rather recent, [but] it all started in the transit decade. They laid the foundation, and all these connections they made with each other remained in place, and there were lots of other projects that grew out of that later."

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EXCLUSIVE CLIP: Chris Pine Stars in 'People Like Us'

In the upcoming drama People Like Us (in theaters June 29), Chris Pine stars as a man who must deliver his deceased father's fortune to a sister (Elizabeth Banks) he never knew he had. The only problem: Once he meets her and her young son, he can't bring himself to reveal who he is. Awkward (in an entertaining way!) sexual tension ensues.

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Reddit's Chaotic Culture Explained [Video]

We freaking love the chaotic world of Reddit. But if you had to explain the intricacies of Reddit to your mother, how on Earth would you even begin? This video should help. More »


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Saturday, June 2, 2012

Business Innovation In Practice: Why A Fair Price Isn't Always The ...

on June 1, 2012 by Nikos Chatzis in Business, News, Comments (0)

By Seth Godin

  • If you build your business around being the lowest-cost provider, that?s all you?ve got. Everything you do has to be a race in that direction, because if you veer toward anything else (service, workforce, impact, design, etc.) then a competitor with a more single-minded focus will sell your commodity cheaper than you.
  • Cheapest price is the refuge for the marketer with no ideas left or no guts to implement the ideas she has.

Fair Price Vs. Lowest Price? / Business

  • Everyone needs to sell at a fair price. But unless you?ve found a commodity that must remain a commodity, a fair price is not always the lowest price. Not when you understand that price is just one of the many tools available.
  • A short version of this riff: The low-price leader really doesn?t need someone with your skills. / Business /

Tags: Business Innovation, Low Price, Price, Seth Godin

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Introducing ?Approach Y?: A Better Lease-Accounting Model for ...

?


To date, the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and the Boards? constituents have not reached a consensus on how lessees should account for leases. Several approaches to lessee accounting have been identified and debated, but so far none of them has been widely embraced as the clear solution to the problem that the Boards have been trying to solve. In this blog post, I will introduce ?Approach Y??a different approach to lessee accounting that has significant potential to break through the present impasse.

Major Issues

The FASB and the IASB face many challenges in developing improved lease-accounting standards for entities that are lessees. Three issues in particular have stood out:

  1. How should the lessee?s right-of-use (RoU) asset be measured?
  2. How should the effects of lease transactions and events on the lessee?s financial performance be presented/disclosed?
  3. Are multiple lease-accounting models needed for different types of leases?

The optimal lease-accounting model for lessees would address these issues better than alternative models would address them. Specifically, the optimal model would measure the lessee?s RoU assets and lease-payment liabilities in a manner that:

  • Faithfully represents the economics of lease arrangements
  • Is consistent with the Boards? Conceptual Frameworks
  • Is readily executed in practice by financial-statement preparers and auditors

The optimal model would also maximize:

  • The usefulness of information provided to users of the lessee?s financial statements
  • The number of users to whom the information is useful
  • The kinds of lease arrangements to which the model can be applied usefully

What Is Approach Y?

Approach Y is lease-accounting model for entities that are lessees. It combines traditional accounting concepts and methods in a novel, integrated way. And it is designed to serve as a key component of the improved lease-accounting standards that the FASB and the IASB are developing.

There are some similarities between Approach Y and other approaches that the Boards and their constituents have considered. But Approach Y differs from other approaches in several ways. One of the most significant differences is that Approach Y has greater explanatory value.

In short, Approach Y distinguishes itself by clearly conveying how and why it faithfully represents the economics of virtually all true leasing arrangements. It also readily conveys how and why it would be easy for financial-statement preparers to implement and auditors to audit. And serendipitously, Approach Y produces accounting outcomes that are well aligned with stakeholders? expectations for understandable, useful information. For all of these reasons, Approach Y is a compelling, unifying solution worth considering.

Working Papers

I am in the process of preparing a series of working papers to explain Approach Y and its advantages in detail. The first of the working papers, dealing specifically with the issue of measurement, is attached. Also attached is the Excel file to which the working paper refers.

Attachments

Approach Y ? Working Paper 1 (PDF)

Approach Y ? Measurement (Excel)

I welcome your feedback on the working paper and Excel file. I also invite you to watch for my additional working papers on presentation/disclosure and the scope of Approach Y?s applicability to different kinds of leases, which will follow shortly.

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Friday Film Review: Four Weddings and a Funeral


Four Weddings and a Funeral (1994)

Genre: Romantic Comedy

Grade: B/B+

?The bride or groom??

[pause]

?Bride or groom??

?It should be perfectly obvious that I?m neither. Great God!?

I can?t count the number of times I?ve caught bits and pieces of this film on TV over the years but I honestly don?t think I?d ever seen the whole thing until fairly recently. And I?d certainly never seen the NSFUSTV cut. But doing these reviews has made me much more adventurous so I decided to give the DVD a whirl. And I ended up liking it so much it?s now part of my collection. Who could have known?

Perpetually late Charles (Hugh Grant) and his circle of friends spend most of their weekends going to the weddings of friends. At one, he meets an American named Carrie (Andie McDowell) and it?s love at first sight ? for him. They meet/hook up again at another wedding where she introduces him to her new fiance. Later she takes him bridal dress shopping and he confesses he loves her but she won?t call off her wedding. Her wedding is followed by an awful event leading to the funeral and it?s here that Charles decides to give up on holding out for true love and marry an old friend. But when a now maritaly separated Carrie shows up at Charles? ceremony, will he go through with it or give true love one more shot?

After watching the whole movie, I can say for certain why I thought I didn?t like it. Andie McDowell drives me nuts in it. I just wanted to smack her coyly, flirty face with her whiney ?Hiiiiiii?..? I get that the director wanted to make her a sexually secure woman who has no qualms sleeping with whomever she wants ? as evidenced by her actions and her countdown of past lovers ? but McDowell?s shoulder hunching, head tilting, smirking performance doesn?t do it for me. She does finally shape up during her own wedding only to go all coy again when she appears at Charles? wedding. It makes me feel a bit sorry for Charles to have finally landed her in the end.

Alright, that?s my main problem with the film so on to the massive amounts of stuff I do like.

Hugh Grant does his usual stammering Englishman shtick but he does it so well here and is basically so harmless and cute that I could eat him up with a spoon and the scrape the bowl. Charlotte Coleman ? and isn?t it awful how early she died? ? is hilarious and so cute as Scarlett who has the best ? or is it the worst? ? wedding outfit of the whole film. Kristin Scott Thomas does a perfectly brittle upperclass Fi while James Fleet is her goofy brother Tom with his perpetual optimism and English version of ?aw shucks.? Got to love his ultimate wedding portrait with the dog in it. As usual I love to listen to John Hannah though I?m eternally grateful for subtitles so I know exactly what he?s saying. But the one I love best here is Simon Callow as Gareth of the garish waistcoats and unique dancing style. His mugging during the first wedding is hysterical.

I flip flop back and forth as to which ceremony I enjoy and laugh at the most but here are my highlights.

1st ? the forgotten rings and their substitutes, the frightful folk singers, and the sheep.

2nd ? the fluffed wedding service, the table of old girlfriends, and getting stuck in the room with the bride and groom.

3rd ? It?s Brigadoon!, torturing Americans, and Carrie?s actually quite funny speech.

Funeral ? duck a la banana, Matthew?s memorial speech, and the natural looking mourners.

4th ? the alarm clock joke, David?s heartfelt, helpful speech leading to, the knockout punch.

I also love Carrie?s wedding dress (so un-meringue- y) though the setting of the last wedding would make me want to schedule mine there. And wouldn?t it be fun to have Father Gerald (Rowan Atkinson) officiating at your ceremony? It would certainly be memorable. Who on earth would want or buy that pigmy statue? And doesn?t Charles have some interesting (ahem) former girlfriends? I also think this is an almost perfect blend of humor and drama. Without the funeral, it would have ended up being too sugary and sweet. The relationship between the friends and siblings also carries the whole ? they can be quick to tease and prank but are also there for each other through thick and thin.

It?s a lighthearted bit of froth mixed with a tinge of grief. It?s a perpetually sunny summer of weddings with only one overcast funeral day. I find it funny, witty and refreshing and laugh almost all the way through most of it each time I watch it. The ensemble acting works wonderfully with everyone playing off each other and there?s chemistry galore between them. But there?s also some maturation going on here as well. For the tiny budget they had to work with, the makers of ?Four Weddings? managed to make a romcom that still shines almost twenty years later.

~Jayne

Related posts:

  1. Friday Film Review: The Wedding Singer
  2. Friday Film Review: My Best Friend?s Wedding
  3. Friday Film Review: Monsoon Wedding
  4. Friday Film Review: Bend it Like Beckham
  5. Friday Film Review: Charade

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UK queen goes to the races as celebrations begin

Queen Elizabeth II spent the first day of her Diamond Jubilee Weekend at the races in Epsom, England, a tradition older than Kentucky Derby. NBC's Michelle Kosinski reports.

By Reuters

LONDON -- Four days of celebrations to mark Queen Elizabeth's 60 years on the British throne was getting under way on Saturday with one of her favorite pastimes -- a trip to the horse races.?

Hundreds of thousands of people are expected to descend on London over the next few days for Diamond Jubilee festivities, with millions attending street parties across the country as the nation marks the queen's personal milestone.?


"The queen has given incredible service," British Prime Minister David Cameron said. "She's never put a foot wrong, she's hugely popular and respected here and around the world and it's an opportunity for people to give thanks and to say thank you for the incredible service that she's given."?

Queen Elizabeth II is celebrating 60 years on the throne. Watch archival footage from her childhood and ascension to the throne to the present day.

Across much of Britain, red, white and blue "Union Jack" flags billow from street lamps, outside buildings, shop fronts and houses, and sales of patriotic souvenirs have rocketed ahead of the celebrations.?

To royalists, the occasion is a chance to express their thanks and appreciation to the 86-year-old Elizabeth, head of state for 16 countries from Australia and Canada to tiny Tuvalu in the Pacific Ocean, for her years of public service.?

Secret donors, foreign firms bankroll UK's Diamond Jubilee celebration

For others, the chance of some extra days off work and to enjoy the sort of extravaganza and public ceremony for which Britain is renowned has made it a welcome break from austere times, pay freezes and deep public spending cuts.?

Republicans hope the occasion marks the last hurrah of a dying anachronism, while some 2 million people are leaving Britain altogether to go on holiday.?

"Original jubilees were invented in the 19th century by the popular press as modes of national celebration for which the monarchy and monarch was almost incidental," royal biographer Robert Lacey said.?

Jubilee fever is gripping the U.K. in the form of royal souvenirs ? but the ultimate Jubilee gift may be a one-of-a-kind desk complete with a hidden diamond, which will be auctioned off for charity. NBC's Ben Fogle reports.

He said the jubilee was as much about society celebrating itself as it was about the head of state and the now largely symbolic institution of the monarchy.?

"They tend to work best in times of economic hardship. It provides a tonic for the country," Lacey told Reuters.?
?

Jubilee treat: Canadian Mounties guard Britain's queen

Having acceded to the throne in February 1952 on the death of her father George VI when Winston Churchill was prime minister, Elizabeth is now the longest-lived British monarch.?

Only her great-great-grandmother Victoria spent longer on the British throne and she looks on course to overhaul her as longest-serving monarch in 2015.?

While more than a century separates festivities marking Queen Elizabeth II's 60 years on the throne from those honoring her predecessor Queen Victoria, surprising similarities connect the commemorations. NBC News' Jim Maceda reports.

As well as being head of the Commonwealth of nations mainly made up former British colonies, Elizabeth is also the Supreme Governor of the Church of England.?

"I think we've been enormously fortunate in this country to have as our head of state a person who has a real personality - a personality that comes through more and more, I think, in her public utterances," said the Archbishop of Canterbury Rowan Williams, the spiritual head of the Anglican Church.?"Someone with insight and judgment, and with immense stamina and a depth of commitment that I think is immensely impressive to all of us."?

The four days of celebrations begin on a fairly low-key note when the queen indulges her long love of horses by attending the Epsom Derby, one of the biggest events in the British horse racing calendar.?

On Sunday, there will be a flotilla of 1,000 boats assembled from around the globe travelling 25 miles along the River Thames featuring the queen and her 90-year-old husband Prince Philip on a royal barge, in the largest such pageant for 350 years.?

Thousands of street parties are also planned across Britain, including one on Downing Street outside Cameron's office, as part of a "Big Jubilee Lunch".?

With just days to go until the country's largest river event in 350 years, a complex security operation has kicked in to ensure the safety of the thousand boats that will accompany the Queen down the Thames for the Jubilee river pageant. The flotilla will include sailing ships, music barges and a Hawaiian war canoe. ITN's Fatima Manji reports.

Officials say there are some 9,500 street parties planned in England Wales and ABTA, the British travel association, said almost 2.5 million Britons were expected to take part.?

London's Heathrow airport said some 780,000 people were due to arrive in the next few days, although ABTA said an estimated 2 million Britons were planning to head overseas to take advantage of the two extra public holidays.?

The queen's London residence Buckingham Palace will play host to a pop concert on Monday featuring the likes of Paul McCartney and Elton John, before a network of 4,200 beacons will also be lit across Britain with more set alight around the Commonwealth.?

The celebrations culminate on Tuesday with a memorial service at St Paul's Cathedral, a carriage procession through central London and flypast by present and former royal air force aircraft.?

Police said the weekend would include the largest royal security operation ever conducted. Some 13,000 officials including about 6,000 police officers will be on duty for the Thames pageant, which poses challenges never before encountered.?

"We're treating it as a unique event, to have that many dignitaries on that many boats moving along the Thames," London police's Deputy Assistant Commissioner Stephen Kavanagh told Reuters.?

More world news from msnbc.com and NBC News:

Follow us on Twitter: @msnbc_world

Copyright 2011 Thomson Reuters. Click for restrictions.

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