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July 2009

SEC seeks to stop Stanford receiver's "claw backs" (Reuters)

(Reuters) –
The U.S. Securities and Exchange Commission is seeking to prevent Ralph Janvey -- the receiver appointed to liquidate Stanford assets -- from suing investors for proceeds they got from Texan financier Allen Stanford.

Janvey, appointed in February to oversee the search for Stanford's assets and return them to shareholders, has said he would consider pursuing "claw back" claims from customers who redeemed funds from accounts before his appointment.

In a court filing on Monday, the SEC said Janvey's claims against "innocent investors seeking the return of principal are not supported by case law and are contrary to commission practice."

The SEC said in the court filing that Janvey had "misinterpreted the authority upon which he relies."

The Stanford Financial Group Receivership could not be immediately reached for comment.

Stanford is accused by U.S. prosecutors of leading a $7 billion Ponzi scheme involving certificates of deposit issued by his bank in Antigua.

The civil case is filed in federal court in Dallas under 3:09-cv-00298-N Securities and Exchange Commission v. Stanford International Bank Ltd et al. The criminal case is filed in Houston under 4:09-cr-00342 USA v. Stanford et al.

(Reporting by Nivedita Bhattacharjee in Bangalore; editing by Elaine Hardcastle)

Lilly profit beats forecasts, raises '09 outlook (Reuters)

NEW YORK (Reuters) –
Eli Lilly and Co (LLY.N) reported far better second quarter earnings on Wednesday on higher sales of its prescription drugs, and raised its 2009 earnings forecast

The Indianapolis drugmaker earned $1.16 billion, or $1.06 per share. That compared with $959 million, or 88 cents per share, in the year-earlier period, when Lilly had a favorable tax rate.

Excluding special items, Lilly earned $1.12 per share. Analysts on average expected $1.02 per share, according to Reuters Estimates.

Quarterly revenue rose 3 percent to $5.29 billion, matching the Reuters Estimates forecast.

Lilly expects full-year 2009 earnings, excluding special items, of $4.20 to $4.30 per share. It had previously projected a profit of $4 to $4.25 per share.

(Reporting by Ransdell Pierson; Editing by Derek Caney)

Solar eclipse shrouds Asia in cloak of darkness (AFP)

VARANASI, India (AFP) –
The longest solar eclipse of the 21st century plunged millions across Asia into temporary darkness on Wednesday, triggering scenes of religious fervour, fear and excitement across India and China.

Ancient superstition and modern commerce came together in a once-in-a-lifetime opportunity likely to end up being the most watched eclipse in history, due to its path over Earth's most densely inhabited areas.

A woman was killed in a stampede in the holy city of Varanasi where tens of thousands of devout Hindus had gathered by the river Ganges at dawn.

Police said the 80-year-old fainted in the crush to enter a temple near the banks of the river and suffocated, triggering panic. More than 20 people were injured.

With Hindu priests conducting special prayers, the crowds in Varanasi cheered and then raised their arms in salutation as the sun re-emerged from behind the moon, before they took a spiritually purifying dip in the river's holy waters.

A total solar eclipse usually occurs every 18 months or so, but Wednesday's spectacle was special for its maximum period of "totality" -- when the sun is wholly covered by the moon -- of six minutes and 39 seconds.

Such a lengthy duration will not be matched until the year 2132.

State-run China Central Television provided minute-by-minute coverage of what it dubbed "The Great Yangtze River Solar Eclipse" as the phenomenon cut a path along the river's drainage basin.

Millions of people in areas of southwestern China enjoyed a clear line of sight, according to images broadcast on CCTV, but the view was obstructed along much of its path by cloudy weather.

Shanghai viewers braved rain and overcast skies to witness the spectacle as darkness shrouded China's commercial hub at 9:36 am (0136 GMT).

"It is working hours now, but with such a spectacle going on, you don't want to miss it. The experience is truly thrilling," said Allen Chen, a Shanghai office worker, who stepped out into the street to witness the event.

Despite the weather, hotels along Shanghai's famed waterfront Bund packed in the customers with eclipse breakfast specials.

Those who could afford it grabbed expensive seats on planes chartered by specialist travel agencies that promised extended views of the eclipse as they chased the shadow eastwards.

The cone-shaped shadow, or umbra, created by the total eclipse first made landfall on the western Indian state of Gujarat shortly before 6:30 am (0100 GMT).

It then raced across India and squeezed between Bangladesh and Nepal before engulfing most of Bhutan, traversing the Chinese mainland and slipping back out to sea off Shanghai.

From there it moved across the islands of southern Japan and veered into the western Pacific.

In Mumbai, hundreds of people who trekked up to the Nehru planetarium clutching eclipse sunglasses found themselves reaching for umbrellas and rain jackets instead as heavy overnight rain turned torrential.

"We didn't want to watch it on television and we thought this would be the best place," said 19-year-old student Dwayne Fernandes. "We could've stayed in bed."

Others opted to stay home and shuttered their windows, fearful of the effects of the lunar shadow which some believe can lead to birth defects in pregnant women.

"I was advised not to leave the house as the eclipse brings bad luck to you and your family," said Deepa Shrestha, a 25-year-old housemaid in Kathmandu.

Superstition has always haunted the moment when Earth, moon and sun are perfectly aligned. The daytime extinction of the sun, the source of all life, is associated with war, famine, flood and the death or birth of rulers.

The ancient Chinese blamed a sun-eating dragon. In Hindu mythology, the two demons Rahu and Ketu are said to "swallow" the sun during eclipses, snuffing out its light and causing food to become inedible and water undrinkable.

Some Indian astrologers had issued predictions laden with gloom and foreboding, and a gynaecologist at a Delhi hospital said many expectant mothers scheduled for July 22 caesarian deliveries insisted on changing the date.

The last total solar eclipse was on August 1 last year and also crossed China.

The next will be on July 11, 2010, but will occur almost entirely over the South Pacific.

Organic Baby Products

Some believe that pacifiers, if used for too long, may cause crooked teeth.

The infant teeth tend to emerge in pairs - first one upper incisor emerges then the other upper incisor emerges before the next set begin to emerge. The general pattern of emergence is:

Organic Baby Products

Granite Pulls

A cabinet is usually a box-shaped furniture, either standing alone as a piece of furniture or built into or attached to a wall (such as a medicine cabinet) typically made of wood but now often made of synthetic materials, and used for storage of miscellaneous items.

A cabinet intended for clothing storage is usually called a wardrobe or an armoire (or a closet if built-in). In previous centuries, such a cabinet was also known as a linen-press. In British usage, a wardrobe occasionally was referred to as an oakley, because of the oak wood used in its construction. In India, a cabinet is often referred to as an Almari.

Granite Pulls

Japan should avoid deflation spiral: BoJ official (AFP)

TOKYO, July 22, 2009 (AFP) –
Deflation is set to deepen in Japan but the world's number two economy should avoid a "vicious circle" of falling consumer prices leading to a weaker economy, a top central banker said Wednesday.

Year-on-year falls in consumer prices "will likely accelerate for the time being" but moderate from the second half of this financial year to March 2010 as the economy recovers, Bank of Japan deputy governor Hirohide Yamaguchi said.

"The Bank therefore thinks it unlikely at present that prices will continue to decline and thereby lead Japan's economy into a deflationary spiral," he said in a speech to business leaders in the northern city of Hakodate.

Japan was stuck in a deflationary spiral for years after its asset price bubble burst in the early 1990s, prompting consumers to put off purchases in the hope of further price drops and reducing corporate earnings.

Fears of another prolonged bout of deflation are growing. Core consumer prices fell a record 1.1 percent in May from a year earlier, while wholesale prices dropped by an unprecedented 6.6 percent in June year-on-year.

The Bank of Japan last week announced it would extend its emergency measures to tackle the worst recession in decades, but it also noted that economic conditions "have stopped worsening."

It has reduced its key interest rate to 0.1 percent since the economic crisis erupted and has been buying up corporate debt to keep credit flowing to cash-strapped firms.

Japan entered recession in the second quarter of 2008 as its heavy dependence on overseas demand to drive growth left it highly exposed to the global downturn.

The economy shrank at an annualised pace of 14.2 percent in the first quarter of 2009, the worst performance on record, but recent data have indicated that exports and industrial production have begun to rebound.

Tentative Tursunov triumphs at Indy tennis (AFP)

INDIANAPOLIS, Indiana (AFP) –
Fragile Russian top seed Dmitry Tursunov received an unexpected confidence boost as Michael Berrer made 16 double faults in a 6-3, 2-6, 6-0 loss at the ATP Indianapolis Championships.

Tursunov, who won the Eastbourne grass title but lost in the Wimbledon first round a few days later, was hardly the picture of confidence, but he was not complaining at the end of the opening-round victory over his German opponent.

"I'm not serving that great now, as I haven't played since Wimbledon," said Tursunov. "I can hit two or three good shots and then a bad one. But today he served terrible and that helped me.

"I'm not playing that well myself right now - but I have to be patient."

Tursunov, the 2007 Indy champion and last year's runner-up to absent Frenchman Gilles Simon, will next face either American Taylor Dent or Brazil's Marcos Daniel, who had trouble getting a timely air flight from Colombia where he won a Challenger at the weekend.

Surprising second seed Dudi Sela continued his recent red-hot pace as the Israeli sent home American veteran Vince Spadea 7-5, 6-1.

The number 29 who helped his nation to a Davis Cup quarter-final upset of Russia after playing in the Wimbledon fourth round is taking full advantage of the highest tournament seeding of his career.

With most Europeans unwilling to travel to the US to start the hardcourt season a full six weeks before opening day at the US Open, willing outsiders like Sela are making up the numbers for the next few events.

"I may have been fifth or sixth before, but never second," said 24-year-old Sela. "When you are ranked 29th, it's not normal to be seeding this high.

"But I'll take it. I think my game has really been improving a lot recently. I'm just playing more solid," he said after advancing in an hour and a quarter.

Spadea, who recently turned 35, was a finalist here in 1999. He also lost to Sela on hardcourt in Washington last summer.

Russian Igor Kunitsyn, member of the defeated Russian Davis Cup side, is another unlikely seed who shined, earning a defeat of Argentine Brian Dabul 6-4, 6-1.

German fifth seed Benjamin Becker stopped Go Soeda, a Japanese qualifier, 6-2, 6-3.

Two American journeyman booked spots in the second round. Qualifier Jesse Levine beat Thai Danai Udomchoke 6-1, 7-6 (12/10) while Alex Bogomolov stopped Italy's Flavio Cipolla 6-2, 6-3 to next face Sela.

Woman detained in Mexican pro wrestlers deaths (AP)

MEXICO CITY – Police have detained a woman in the deaths of two professional wrestlers who were found drugged in a low-rent hotel in the Mexican capital, prosecutors said Tuesday.
The 65-year-old suspect is one of two women caught on surveillance video leaving the victims' hotel room, Mexico City prosecutors said in a statement.
The statement said an autopsy on the two wrestlers, who were brothers, detected a substance found in eye drops that can damage the nervous system when mixed with alcohol.
One of the diminutive wrestlers went by the name "La Parkita" — or "Little Death" — and wore a skeleton costume in the ring. The other was known as "Espectrito Jr."
Prosecutors said previously that gangs of female robbers are experienced at using drugs to knock men out and rob them, but they may have used too strong a dose in this instance.
That may have been because of the wrestlers' small stature, although larger men have also died in similar crimes.
Police located the suspect by tracing calls from a cell phone belonging to one of the victims, the statement said. She was arrested Tuesday.

Dog ID

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Verginelli et al. (2005), however, suggest both sets of dates must be reevaluated in light of recent findings showing that poorly calibrated molecular clocks have systematically overestimated the age of geologically recent events. On balance, and in agreement with the archaeological evidence, 15,000 years ago is the most likely time for the wolf-dog divergence.

Some organizations define a breed more loosely, such that an individual may be considered of one breed as long as 75% of its parentage is of that breed. These considerations affect both pets and the show dogs entered in dog shows. Even prize-winning purebred dogs sometimes possess crippling genetic defects due to founder effect or inbreeding. These problems are not limited to purebred dogs and can affect cross-breed populations. The behavior and appearance of a dog of a particular breed can be predicted to a degree, while mixed-breed dogs show a broader range of innovative appearance and behavior.

Garden Chairs

Garden Chairs

A bench is a piece of furniture, which mostly offers several persons seating. As a rule, benches are made of wood, but one can also find stone benches and benches made of synthetic materials. Many benches have arm rests. In public areas, benches are often donated by persons or associations, which may then be indicated on it, e.g. by a small copper plaque.

Various types of benches are specifically designed for and/or named after specific uses, such as a Bench (weight training) is used for fitness exercises, such as the bench press which is named after its use of a bench a Communion bench is not used as a seat Piano benches offer usually one person seating and are height adjustable. a spanking bench, such as a caning bench, is specifically designed for a spankee to lie upon, possibly strapped down, while submitting to paining of the posterior Swing seats are independently movable, suspended benches, used for play or as a relaxing porch swing. a courting bench (or kissing bench, or tête-à-tête): a two-seater with the seats pointing in opposite directions, thus almost facing each other. A friendship bench in a school playground is where a child can go when they want someone to talk to. The bench in a courtroom, behind which the judge is seated.