Tuesday, July 2, 2013

Ancient predator lacked jaw strength to leverage own fangs, was 'embarrassing'

The extinct and highly unusual predator?Thylacosmilus atrox relied on brute brawn to pin its prey.

By Elizabeth Barber,?Contributor / July 1, 2013

The huge canine teeth of Thylacosmilus atrox extended almost into its braincase.

The University of New South Wales

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?Grandmother, what big teeth you have!? exclaimed Little Red Riding Hood.

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?All the better to eat you up with,? replied the wolf, which had just gobbled up the girl?s relative and strategically donned some of her accessories.

Well, not necessarily. It turns out that big teeth don't always mean a big bite, especially if the animal lacks the strong jaws to wield them.

The hulking, toothy predators that roamed the earth millions of years ago have long been figures of lore for sinking their horrible teeth into the animals unlucky enough to keep company with them. One of the animals in the sabre-tooth lineage, a South American version called Thylacosmilus atrox, had two massive teeth, each with roots stretching back to its braincase and that protruded from its mouth like angry warnings to run away, fast. The catch is, this extinct animal, a species whose closest living relatives are the Australian and American marsupials, had a bite no more powerful than that of a modern domestic cat.

Scientists have found that the worryingly toothy animal actually lacked the sheer jaw power to leverage its own teeth. Instead, the ancient mammal had to rely on its brawn to snag its food, pinning its prey with its muscled arms before administering a precise, strategic bite that depended entirely on its neck muscle force.?

?Thylacosmilus looked and behaved like nothing alive today,? said University of New South Wales?palaeontologist Stephen Wroe, the leader of the research team. ?Frankly, the jaw muscles of?Thylacosmilus?were embarrassing."

To make those findings, published in PLOS ONE, scientists built three-dimensional computer models that played out how three feared animals chased and killed their prey: Thylacosmilus, its cousin, the classic North American sabre-toothed ?tiger? (Smilodon fatalis), and the modern leopard.

The models showed that that both of the extinct species had extremely weak jaws relative to the modern leopard, with those of the odd Thylacosmilus being the weakest. That means that Smilodon fatalis, a true member of the cat family, was similarly dependent on sheer brawn, rather than wickedly punishing jaws, to kill its food.

Lest it be too much of an embarrassment to legend, where Thylacosmilus did have an advantage was in its skull, which was uniquely adapted to absorb the stress of plunging its fangs into hapless animals.

?Grandmother, what a big neck and well-adapted skull you have,? said Thylacosmilus?s prey, allegedly.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/gUDMShrSf-M/Ancient-predator-lacked-jaw-strength-to-leverage-own-fangs-was-embarrassing

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Exclusive: Bear market in gold pummels Einhorn's Greenlight fund

By Jennifer Ablan

NEW YORK (Reuters) - Investors in David Einhorn's Greenlight Capital Management's offshore gold fund were down 11.8 percent in June, bringing their year-to-date losses in the fund to 20 percent, two sources close to the matter said on Sunday.

Einhorn, one of the most widely followed hedge fund managers and known for warning about Lehman Brothers' precarious finances before it collapsed, has also seen his flagship $8 billion Greenlight Capital fund under recent pressure though it is still up for the year.

In June, Greenlight's flagship portfolio was down 1.1 percent but still up net 7.4 percent year to date, according to one of the sources.

Einhorn, largely known for going both long and short on stocks, formed the Greenlight gold fund to include the same investment strategy as the main fund but offers a share class backed by physical gold.

The gold fund, with a minimum investment of $1 million, had $929 million under management and 266 investors as of March, according to a recent regulatory filing.

The sources said the fund's dollar-denominated class represents a "majority" of the gold fund and is up 7.1 percent for the year. The remainder is in the gold-denominated class, which is down 11.8 percent in June alone and 20 percent so far this year. That's consistent with the sector's plunge this year.

The gold-denominated fund gives Greenlight investors exposure to gold through the fund's investments, then reprices them in gold as opposed to U.S. dollars.

Gold, which fell below $1,200 an ounce on Thursday for the first time in three years, posted its largest quarterly loss in at least 45 years amid fears the U.S. Federal Reserve may wind down its stimulus program.

After Friday's rally of 2.3 percent, gold is still 23 percent lower for the second quarter, its biggest decline since at least 1968, according to Reuters data.

Einhorn has said he prefers investing in gold bars, as opposed to the popular gold exchange-traded fund, SPDR Gold Shares , partly to have better control over his investment and keep a lid on trading expenses.

In 2009, Einhorn said at the annual Value Investing Congress that he was holding gold as a hedge for what he described as unsound U.S. policies.

"If monetary and fiscal policies go awry," investors should buy physical gold and gold stocks, he said at time. "Gold does well when monetary and fiscal policies are poor and does poorly when they are sensible."

This March, a month before the big April swoon in gold prices, the Greenlight Gold fund completed a financing deal with HSBC for an unspecified sum, according to a financing statement. The fund also has a financing agreement with Goldman Sachs.

Einhorn's dedicated gold fund will not be the only portfolio in the $2.2 trillion hedge fund industry that got burned in June from an investment in precious metals.

In April, a dedicated gold fund managed by John Paulson was down about 27 percent, bringing the year-to-date decline at 47 percent. Soon after, Paulson, who is the largest investor in the fund, limited the release of performance figures for his gold fund, worried it was getting too much attention in the media.

Earlier this year, the Paulson gold fund had about $700 million in assets. Paulson also invests in gold miners and in the gold ETF for his Advantage funds, which have about $5 billion in assets.

Einhorn's flagship fund also invests in gold. Earlier this year, the manager listed gold as one of the five largest positions in the fund. Reuters previously reported that Einhorn stores some of his gold in a secure facility in Queens, New York.

Dan Loeb's $12 billion Third Point firm also had a sizable position in physical gold in his portfolios but people familiar with the matter said he exited the positions in the spring. An investor with Loeb who did not want to be identified said the Third Point Partners fund fell 1.7 percent in June, but was still up 13.2 percent for the year.

(Additional reporting by Matthew Goldstein; Editing by Jeffrey Benkoe)

Source: http://news.yahoo.com/exclusive-bear-market-gold-pummels-einhorns-greenlight-fund-192716724.html

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Monday, July 1, 2013

Ky. Secretary of State Grimes will challenge McConnell for Senate seat (Washington Bureau)

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Requiem of Reality

@Angelwolf: I reserved you!

@Aine: Hehe, sorry! I didn't want it to be a WIP for too long, so I quickly put everything up that I needed to put up! I was thinking up making an "Extra information" section like I usually do, but I feel like there's not much need for it this time around, although I did leave out a few details... We'll see. But yeah! I'll reserve you! squints Thank you! The color-coding was something I kept from my last username "Spectrum," hence the spectrum of colors (in rainbow-coded order~). Now that I'm H3R0 it's effect isn't the same, but I still like it.

@Gezzy: Unfortunately, at this time, all the roles have been filled. BUT. I'm pending for someone else to be in this RP who went to bed before I could figure out if they wanted to be in it or not, and I believe they'd want a male if they want one at all, so that'd even things out. If they decide they want to be part of the RP, I'll reserve your female slot. So don't give up hope!

*edit*

I added a new little comment under the character sheet! It's important to keep in mind!

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Vodafone launches a 4G mobile hotspot, suffers from premature dispensation

Vodafone launches a 4G mobile hotspot, suffers from premature dispensation

Camping outside a store for weeks on end has been done to death now, so what can you do to score some early adopter cred? How about buying a device to use on a service that doesn't exist... yet? That's Vodafone's thinking behind launching its first 4G wireless hotspot, two months before its LTE service begins rolling out. The Vodafone R212 will connect up to 10 devices simultaneously, comes with a 32GB SD card reader, a 2,800mAh battery and will, thankfully, connect to the company's 3G network as well. It'll set you back £39 up-front if you sign up for a plan offering you 1GB of monthly data for £10 a month.

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Via: Pocket-lint

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Gay Marriages Cleared in California (WSJ)

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Kazakhstan trade trip poses human rights test for UK's Cameron

By Andrew Osborn

ATYRAU, Kazakhstan (Reuters) - British Prime Minister David Cameron helped inaugurate the world's costliest oil project in Kazakhstan on Sunday on a trip aimed at sealing business deals but quickly beset by questions over the Central Asian nation's poor human rights record.

Kazakhstan hopes Cameron's visit, the first by a serving British prime minister, will cement its status as a rising economic power and confer a degree of the legitimacy from the West it has long sought.

The visit takes place just days before the nation marks 15 years since the founding of the new Kazakh capital Astana, also the 73rd birthday of President Nursultan Nazarbayev, a national holiday and cause for celebration that has been anticipated for days in state media.

Nazarbayev, a former Communist party apparatchik, has overseen market reforms and maintains wide popularity among the 17-million strong population, but has tolerated no dissent or opposition during his more than two decades in power.

Cameron said he hoped the 30 businessmen accompanying him would sign over 700 million pounds worth of deals during his two-day trip.

"We are in a global race for jobs and investment. This is one of the most rapidly emerging countries in the world," Cameron told reporters on his arrival in the Kazakh oil capital Atyrau.

His office said he aimed to "put British businesses in prime position to secure contracts that the Government believes could total ?85 billion in the coming years".

Cameron is also hoping to persuade Kazakhstan to expand transit rights for British military forces relocating equipment from Afghanistan between now and a planned withdrawal next year. Nazarbayev has already granted overflight rights, but Cameron is looking for land transit rights too.

Cameron and Nazarbayev together opened the Bolashak (Future) oil plant which will process crude that is due to start flowing from the giant Kashagan offshore oilfield in September.

Royal Dutch Shell has a 16.81 percent stake in the facility, which is in the Kazakh segment of the Caspian Sea. Nazarbayev said last week consortium members had so far invested $48 billion, making it the most expensive oil venture in the world.

TEMPTING TARGET

As Britain's trade with the euro zone suffers because of the currency bloc's debt woes, it is looking further afield to forge business links with countries that have enjoyed rapid economic growth in recent years.

With a $200 billion economy, the largest in Central Asia, and deep oil and gas reserves, Kazakhstan is a tempting target. Britain is already among the top three sources of foreign direct investment, according to Kazakh officials.

Since its 1991 independence, officials say British firms have invested about $20 billion in their economy, part of a total $170 billion ploughed into Kazakhstan since then.

But more high profile trade links carry political risks.

New York-based Human Rights Watch said Cameron had a duty to use his trip to denounce human rights abuses.

"We are very concerned about the serious and deteriorating human rights situation there in recent years, including credible allegations of torture, the imprisonment of government critics, (and) tight controls over the media and freedom of expression and association," it said in a letter on Friday.

Answering questions from reporters in Atyrau on Sunday, Cameron said he never put trade and business interests before rights.

"We will raise all the issues, including human rights. That's part of our dialogue and I'll be signing a strategic partnership with Kazakhstan," he said.

"Nothing is off the agenda, including human rights."

Activists most want Cameron to bring up the case of Vladimir Kozlov, a jailed opposition leader, when he meets Nazarbayev.

An outspoken critic of the Kazakh leader, Kozlov was jailed for seven-and-a-half years in October for colluding with a fugitive billionaire in a failed attempt to rally oil workers to bring down the government. Kozlov denied the charges.

Nazarbayev, a former steelworker who now holds the title "The Leader of the Nation", says that he puts stability and rising living standards before hasty political changes in his steppe nation, the world's ninth-largest by area and five times the size of France.

Comparing Kazakhstan to "Asian economic tigers" like South Korea and Singapore, he has said he wants to turn it into "the economic snow leopard of Central Asia".

(Additional reporting by Dmitry Solovyov; in Almaty; Editing by Sonya Hepinstall)

Source: http://news.yahoo.com/kazakhstan-trade-trip-poses-human-rights-test-uks-201117657.html

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