Thursday, 2 February 2012

Novo Nordisk Q4 profits jump, outlook raised (AP)

COPENHAGEN, Denmark ? Danish pharmaceutical company Novo Nordisk A/S reported Thursday that its fourth-quarter profits soared 19 percent on the back of strong sales of its key diabetes drugs Victoza, NovoRapid and Levemir.

The world's biggest insulin maker in terms of sales said net profit in the last three months of 2011 reached 4.68 billion kroner ($825 million), up from 3.95 billion kroner in the same three-month period in 2010.

Sales in the quarter rose 12 percent to 18.12 billion kroner ($3.2 billion) from 16.12 billion.

Net profits for the full year 2011 came in at 17.1 billion kroner ($3 billion), up 19 percent from 14.4 billion kroner in 2010.

In 2011, Novo Nordisk said sales of modern insulins, human insulins and protein-related products in North America rose by 9 percent in local currencies, of which sales in China increased by 10 percent.

Chief Executive Lars Rebien Soerensen described the past 12 months as having been "a very positive year," adding the Copenhagen-based group saw "significant progress for our portfolio of clinical development projects."

The company's shares rose nearly 5 percent to 713 kroner in Copenhagen after the release of the earnings report.

For the year ahead, it said it expects sales growth of 7 to 11 percent, which is about 4 percentage points higher than initially expected.

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120202/ap_on_bi_ge/eu_denmark_earns_novo_nordisk

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Understanding Above The Line Tax Reductions for your venture in ...

When it comes to federal internet taxes, your focus should be to pay only what?s owed, nothing more. Since your tax liability is determined by your net income, the best way to lower the taxes you pay is to reduce your income. Of course, you need to do this without technically reducing your income. You can do this by taking legal above-the-line tax deductions.

Above-the-line-tax deductions are basically like tax breaks that are adjustments to your income. They?re identified as above-the-line because they are subtracted on the first page of the tax return just above the bottom line. These deductions reduce your adjustable gross income and in the end decrease your tax liability.

The following are some above-the-line tax deductions that are discussed in our Tax Guide which you should consider if you are eligible.

? Moving expenses, if you moved for job purposes.

? Self-employment. Half the amount of taxes that are paid to Social Security and Medicare.

? Self-employed retirement plans.

? Self-employed health insurance. The total amount you fund in health insurance premiums not only for yourself, but for your spouse and dependents as well. Even contributions towards long-term care policies are included.

? Penalties paid for early withdrawal of savings. The account manager of such an account should send you a 1099-INT or 1099-OID form including the early withdrawal penalty.

? Alimony payments. If you became divorced and funding alimony, you can deduct these payments from your income. You must include your ex-spouse?s social security number; otherwise the deduction might be disallowed.

? IRA deductions for amounts contributed to traditional IRAs for people who are self-employed.

? Student loan interest. Up to $2,500 in student loan interest paid can be deducted for single filers making $65,000 or less or joint filers making $135,000 or less.

? Jury duty pay if it was turned over to your employer.

Individuals can obtain most of these above-the-line tax deductions by using the long form, 1040. If you prefer to use the short from, 1040A, you may still take a few of these deductions. Early account withdrawal penalties, IRA contributions, student loan interest and jury pay are the above-the-line-tax deductions that are allowed on the 1040A tax return. Consult with your personal tax consultant for more details or check out this Review of Domain Tax Guides.

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Source: http://fullsprings.com/personal-topics/understanding-above-the-line-tax-reductions-for-your-venture-in-the-new-year/

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Where's the snow? Not in Lower 48, but elsewhere

In this composite image made on Feb. 1, 2012, hundreds of cars are seen stranded on Lake Shore Drive on Feb. 2, 2011, in Chicago, left, while traffic moves along smoothly on the same stretch of Lake Shore Drive on Wednesday, Feb. 1, 2012, right. A winter blizzard of historic proportions wobbled an otherwise snow-tough Chicago on Feb. 1, 2011, stranding hundreds of drivers for up to 12 hours overnight on the city's showcase thoroughfare and giving many city schoolchildren their first ever snow day. (AP Photo/Kiichiro Sato, File)

In this composite image made on Feb. 1, 2012, hundreds of cars are seen stranded on Lake Shore Drive on Feb. 2, 2011, in Chicago, left, while traffic moves along smoothly on the same stretch of Lake Shore Drive on Wednesday, Feb. 1, 2012, right. A winter blizzard of historic proportions wobbled an otherwise snow-tough Chicago on Feb. 1, 2011, stranding hundreds of drivers for up to 12 hours overnight on the city's showcase thoroughfare and giving many city schoolchildren their first ever snow day. (AP Photo/Kiichiro Sato, File)

Buds are seen on the branches of cherry trees along the Tidal Basin Wednesday, Feb. 1, 2012, in Washington. Snow seems to be missing in action this winter for much of the United States. This January was the third weakest month on record for snow covering the ground for the U.S. Lower 48, according to the Global Snow Lab at Rutgers University. Records go back to 1967. Two years ago more than two-thirds of the Lower 48 was covered in snow. Last year, it was 52 percent as a billion-dollar blizzard barreled through. This year, it's only 19 percent. Forget snow, for much of the country there's not even a nip in the air. On Tuesday, all but a handful of states had temperatures hitting the 50s or higher. (AP Photo/Carolyn Kaster)

Bosnian people caring food supplies in a remote village, cut of by road due high snow fall, near Bosnian town of Sokolac, 70 kms east of Sarajevo, Bosnia, on Wednesday, Feb. 1, 2012 .Rescue helicopters are airlifting supplies and evacuating dozens of people from snow-covered villages in Bosnia, as the death toll from Eastern Europe's severe cold spell has risen to 79. Central and eastern Europe are experiencing a severe and snowy cold snap with temperatures in Bosnia plummeting to lows of minus 10 Celsius (14 degrees Fahrenheit).(AP Photo/Radul Radovanovic)

A pair of joggers enjoy the view of Lake Michigan Tuesday, Feb. 1, 2012, in Milwaukee. Temperatures have been above normal recently and most of the snow melted as the area experiences and unusual winter weather season. (AP Photo/Jeffrey Phelps)

Luz Telles, of Milwaukee, catches a frisbee while playing with a friend along the lakefront Tuesday, Feb. 1, 2012, in Milwaukee. Temperatures have been above normal recently and most of the snow melted as the area experiences and unusual winter weather season. (AP Photo/Jeffrey Phelps)

WASHINGTON (AP) ? Snow has been missing in action for much of the U.S. the last couple months. But it's not just snow. It's practically the season that's gone AWOL.

"What winter?" asked Mike Halpert, deputy director of the National Weather Service's Climate Prediction Center. For the Lower 48, January was the third-least snowy on record, according to the Global Snow Lab at Rutgers University. Records for the amount of ground covered by snow go back to 1967.

Last year, more than half the nation was covered in snow as a Groundhog Day blizzard barreled across the country, killing 36 people and causing $1.8 billion in damage. This year, less than a fifth of the country outside of Alaska has snow on the ground.

Bismarck, N.D., has had one-fifth its normal snow, Boston a third. Buffalo is three feet below normal for snowfall this year. Midland, Texas, has had more snow this season than Minneapolis or Chicago.

Forget snow. For much of the country there's not even a nip in the air. On Tuesday, the last day in January, all but a handful of states had temperatures in the 50s or higher. In the nation's capital, where temperatures flirted with the 70s, some cherry trees are already budding ? weeks early.

For the Northeast it's one of the warmest and least snowy winters on record, with most of the region's temperatures the last couple months averaging 5 degrees warmer than normal, according to the Northeast Regional Climate Center at Cornell University.

"I am disgusted that golfers are golfing on my cross-country ski course," said New Jersey state climatologist David Robinson, director of the Global Snow Lab.

Matt Dulli, an assistant golf pro at The Golf Club at Yankee Trace in the Dayton, Ohio, suburb of Centerville, said 115 rounds were played Tuesday amid balmy temperatures that reached a high of 60 degrees.

"The first thing you hear out of people's mouths is, 'Can you believe we're playing golf in January?' They're just ecstatic that they can get out at this time of year," Dulli said.

But there is lots of snow and dangerous cold ? it's just elsewhere in the world. Valdez, Alaska, has had 328 inches of snow this season ? 10 feet above average ? and the state is frigid, with Fort Yukon hitting a record 66 below zero over the weekend.

Nearly 80 people have died from a vicious cold snap in Europe, and much of Asia has been blanketed with snow. January has been the ninth snowiest since 1966 for Europe and Asia, though for the entire northern hemisphere, it's been about average for snow this season.

The weather is so cold that some areas of the Black Sea have frozen near the Romanian coastline, and rare snowfalls have occurred on islands in the Adriatic Sea in Croatia. Ukraine alone has reported 43 fatalities, many of the victims homeless people found dead on streets. More than 720 other Ukrainians have been hospitalized with hypothermia and frostbite.

The reason is changes in Arctic winds that are redirecting snow and cold. Instead of dipping down low, the jet stream winds that normally bring cold and snow south got trapped up north. It's called the Arctic oscillation. Think of it as a cousin to the famous El Nino.

When the Arctic oscillation is in a positive phase, the winds spin fast in the Arctic keeping the cold north. But in the past few days, the Arctic oscillation turned negative, though not in its normal way, Halpert said. The cold jet stream dipped in Europe and Asia, but is still bottled up over North America.

That's because another weather phenomena, called the North Atlantic oscillation is playing oddball by staying positive and keeping the cold away from the rest of North America. About 90 percent of the time, the North Atlantic and Arctic oscillations are in synch, Halpert said. But not this time, so much of the United States is escaping the winter's worst.

What's happening isn't just an inconvenience.

Trees and plants budding early may lose their chance to bloom when the inevitable deep freeze returns, said U.S. Geological Survey ecologist Jake Weltzin, who heads a national network that monitors the timing of spring for plants and animals. He said peach trees are budding in Georgia and in Oklahoma forsythia and daffodils have been out for two weeks now, adding "it's happening everywhere."

"If you think about plants and animals being kind of biologic thermometers, they are indicating a very early spring," Weltzin said. "That's a problem."

This could mean less fruit available this year, Weltzin said. In New York, it could weaken the grapes used to make wine, added Cornell University horticulturalist David W. Wolfe.

But it is getting people outside more often.

In the heart of the snow belt, Holden Arboretum saw a 32 percent jump in December attendance and a 20 percent jump in January visits. Over the two months about 4,200 people visited the site in Kirtland, Ohio, outside Cleveland, that features gardens, woodlands and trails.

Along Lake Erie near Toledo, Ohio, a ferry service that carries visitors to islands was beginning winter routes Wednesday for the first time in six years.

"We've just had a remarkable run of unusual winters in the past six years globally," said Jeff Masters, director of meteorology at Weather Underground in Ann Arbor, Mich. "I have to say that winter hasn't really hit yet. Certainly not where I live."

____

JoAnne Viviano and Doug Whiteman contributed to this report from Columbus, Ohio.

___

Online:

The Global Snow Lab: http://bit.ly/wFuAtV

National Weather Service map showing snow cover: http://t.co/0HIAPU1j

Weather service map showing warm temperatures around the nation: http://t.co/rpNNt7Sp

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/b2f0ca3a594644ee9e50a8ec4ce2d6de/Article_2012-02-01-US-SCI-Where's-The-Snow?/id-6d9e9efe843345e6a8139a917dbfe06f

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Wednesday, 1 February 2012

Less summer Arctic sea ice cover means colder snowier winters in Central Europe

ScienceDaily (Feb. 1, 2012) ? Even if the current weather situation may seem to speak against it, the probability of cold winters with much snow in Central Europe rises when the Arctic is covered by less sea ice in summer. Scientists of the Research Unit Potsdam of the Alfred Wegener Institute for Polar and Marine Research in the Helmholtz Association have decrypted a mechanism in which a shrinking summertime sea ice cover changes the air pressure zones in the Arctic atmosphere and impacts our European winter weather.

These results of a global climate analysis were recently published in a study in the scientific journal Tellus A.

If there is a particularly large-scale melt of Arctic sea ice in summer, as observed in recent years, two important effects are intensified. Firstly, the retreat of the light ice surface reveals the darker ocean, causing it to warm up more in summer from the solar radiation (ice-albedo feedback mechanism). Secondly, the diminished ice cover can no longer prevent the heat stored in the ocean being released into the atmosphere (lid effect). As a result of the decreased sea ice cover the air is warmed more greatly than it used to be particularly in autumn and winter because during this period the ocean is warmer than the atmosphere. "These higher temperatures can be proven by current measurements from the Arctic regions," reports Ralf Jaiser, lead author of the publication from the Research Unit Potsdam of the Alfred Wegener Institute.

The warming of the air near to the ground leads to rising movements and the atmosphere becomes less stable. "We have analysed the complex non-linear processes behind this destabilisation and have shown how these altered conditions in the Arctic influence the typical circulation and air pressure patterns," explains Jaiser. One of these patterns is the air pressure difference between the Arctic and mid-latitudes: the so-called Arctic oscillation with the Azores highs and Iceland lows known from the weather reports. If this difference is high, a strong westerly wind will result which in winter carries warm and humid Atlantic air masses right down to Europe. If the wind does not come, cold Arctic air can penetrate down through to Europe, as was the case in the last two winters. Model calculations show that the air pressure difference with decreased sea ice cover in the Arctic summer is weakened in the following winter, enabling Arctic cold to push down to mid-latitudes.

Despite the low sea ice cover in summer 2011, a cold winter with much snow has so far not occurred here in Germany. Jaiser explains this as follows: "Many other factors naturally play a role in the complex climate system of our Earth which overlap in part. Our results explain the mechanisms of how regional changes in the Arctic sea ice cover have a global impact and their effects over a period from late summer to winter. Other mechanisms are linked, for example, with the snow cover in Siberia or tropical influences. The interactions between these influential factors will be the subject matter of future research work and therefore represent a factor of uncertainty in forecasts."

It is the aim of the Potsdam researchers to find and analyse further mechanisms and to correctly show the Earth's climate system with the help of these mechanisms in models. "Our work contributes to reducing the existing uncertainties of the global climate model and developing more credible regional climate scenarios -- an important foundation to enable people to adjust to the altered conditions," explains Prof. Dr. Klaus Dethloff, Head of the Atmospheric Circulation Section at the Research Unit Potsdam of the Alfred Wegener Institute.

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Story Source:

The above story is reprinted from materials provided by Helmholtz Association of German Research Centres.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. R. Jaiser, K. Dethloff, D. Handorf, A. Rinke, J. Cohen. Impact of sea ice cover changes on the Northern Hemisphere atmospheric winter circulation. Tellus A, 2012; 64 (0) DOI: 10.3402/tellusa.v64i0.11595

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2012/02/120201105126.htm

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Men more likely to have an accurate memory of unpleasant experiences

ScienceDaily (Feb. 1, 2012) ? A woman's memory of an experience is less likely to be accurate than a man's if it was unpleasant and emotionally provocative, according to research undertaken by University of Montreal researchers at Louis-H Lafontaine Hospital.

"Very few studies have looked at how 'valence' and 'arousal' affect memories independently of each other, that is to say, how attractive or repulsive we find an experience and how emotionally provocative it is," said corresponding author Dr. Marc Lavoie, of the university's Department of Psychiatry and the hospital's Fernand-Seguin Research Center. "Our test relied on photos -- we found firstly that highly arousing pictures blur women's capacity to determine whether they've seen it before, and secondly that women have a clearer memory of attractive experiences than men. Arousal has an enhancing effect on the memory of men however, as does 'low valence' or unpleasantness."

Participants were shown a variety of images on a computer screen that fell into four categories: "low-valence and low-arousal" such as scenes of babies crying, "low-valence and high-arousal," for example, war photos, "high-valence and low-arousal," which included pictures of kittens, and finally, erotic photos for the "high-valence and high-arousal" group. They were then shown a second round of photos that included the same images as the first round and some new ones. The participants had to push buttons to indicate whether they had already seen it or if it was new, and the speed and accuracy with which they responded enabled the researchers to gauge which factors had the most influence. They were also connected to EEG, a system for measuring the brain's neuron activity, which enabled the researchers to see how their brain was working as they completed the task.

"Interestingly, the scans revealed more activity in the right hemisphere of women's brains for the recognition of pleasant pictures -- the opposite of what we witnessed in men" Lavoie said. "This challenges earlier studies using unpleasant pictures that revealed more activity in the left hemisphere for women and in the right hemisphere for men. Our findings demonstrate the complexity of emotional memory and underscore the importance of taking valence, arousal, and sex differences into account when examining brain activity."

The study was published online by the International Journal of Psychophysiology on January 18, 2011, and the research received funding from the Natural Sciences and Engineering Research Council of Canada through a discovery grant to Dr Lavoie and a summer student internship to Emma Glaser. Dr. Marc Lavoie is affiliated with the Fernand-Seguin Research Centre at Louis.-H. Lafontaine Hospital in Montreal and with the Department of Psychiatry at the University of Montreal. The University of Montreal is officially known as Universit? de Montr?al.

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The above story is reprinted from materials provided by Universit? de Montr?al, via AlphaGalileo.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Emma Glaser, Adrianna Mendrek, Martine Germain, Nadia Lakis, Marc E. Lavoie. Sex differences in memory of emotional images: A behavioral and electrophysiological investigation. International Journal of Psychophysiology, 2012; DOI: 10.1016/j.ijpsycho.2012.01.007

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2012/02/120201092721.htm

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It?s 2 Am, Do You Know Where Your Blog Host Is? (Balloon Juice)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/193650228?client_source=feed&format=rss

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Jennifer Lopez: "I Don't Know" if I'll Marry Again

Jennifer Lopez is going strong with her new boyfriend, 24-year-old dancer Caspar Smart -- but that doesn't mean she's thinking about marriage again. At least not yet.

Source: http://www.ivillage.com/jennifer-lopez-marc-anthony-reuniting-reality-tv/1-a-423159?dst=iv%3AiVillage%3Ajennifer-lopez-marc-anthony-reuniting-reality-tv-423159

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