Friday

Flowery pastels at Ralph & Russo close Paris Fashion Week


Relative newcomers to the world of haute couture, British label Ralph & Russo closed Paris fashion week Thursday (January 29) with a collection of pale pastels and florals that embodied the essence of summer.

The label's second show at the French capital's prestigious Haute Couture week buzzed with energy, and attendees included American burlesque dancer Dita von Teese, who has been making the rounds at various shows this past week.

Floor-length silk gowns seemed to bloom out of the simple white runway in Paris' historic Grand Palais. The show ended with a dramatic, fully-embroidered white wedding dress and veil, and four pageboys dressed in black had to help the model carry her train as she turned on the runway.

The London-based house is headed up by an Australian couple, Creative Director Tamara Ralph and Chief Executive Officer Michael Russo.

Ralph & Russo made headlines last year when it became the first British label in recent history permitted to show at Paris' Haute Couture week. — Reuters

source: gmanetwork.com

Justin Bieber says he is dropping ‘arrogant’ and ‘conceited’ attitude


LOS ANGELES - Pop star Justin Bieber said he was leaving behind his "arrogant" and "conceited" attitude after bad behavior in the past year damaged his image while he makes the transition from teen idol to adult performer.

The 20-year-old "Boyfriend" singer said in a video posted on his Facebook page late on Wednesday that he was "afraid of what people are thinking about me right now."

Bieber's image was hurt by incidents involving careless driving, pelting a neighbor's home with eggs and an alleged assault following an altercation with a photographer.

"I didn't want to come off arrogant or conceited or basically how I've been acting in the past year, year and a half," the Canadian singer said. "I'm not who I was pretending to be."

Bieber has not had a US top 10 hit since 2012 and last released a new music album in 2013. He has gotten more attention lately for his off-stage behavior, including that of his entourage, than his music.

The singer said a nervous appearance on the Ellen DeGeneres television show earlier on Wednesday prompted his video.

His recent ad campaign for Calvin Klein underwear has been widely mocked and he will subject himself to a "roast" by comedians next month on US television.

Bieber, who shot to prominence as a teenage heartthrob discovered on YouTube, called his behavior a "cover up" of his emotional state.

"There was a lot of feelings going on in there, just being young and growing up in this business is hard, growing up in general is hard," he said.

The singer is currently serving two years' probation in Los Angeles after pleading no contest to a misdemeanor vandalism charge for throwing eggs at a neighbor's home a year ago.

The incident was the first in a string of legal problems for the former teen idol. He was arrested and charged with driving under the influence in Miami Beach in January 2014. He later pleaded guilty to a lesser charge of careless driving.

Bieber was also charged with assault and dangerous driving in Ontario, Canada, last August. The case is still pending. —Reuters

Thursday

Facebook to sell real-time Super Bowl ads, taking on Twitter


This Super Bowl Facebook is taking a page from Twitter's playbook, for the first time during a football championship selling ads that target people based on what they are talking about in real time.

These include video ads that will play automatically on Facebook's newsfeed, triggered by key words that members mention in their posts as they watch the American football game on Feb. 1.

Smartphones and tablets provide a second screen for the Super Bowl's 100 million television viewers to comment about the game as it proceeds, giving advertisers a more precise way to target messages.

Twitter is the leader in this arena that other social media networks are seeking to emulate. Mondelez International's Oreo sent out clever tweets when the lights went out during the Super Bowl in 2013, a stunt considered to be a marketing coup.

"Twitter has owned the mantel of being a real-time platform but the sophistication of Facebook's ad targeting is unparalleled," said Noah Mallin, head of social for north America at MEC, a media buying agency that is part of WPP.

"That is a big change."

At last year's Super Bowl, marketers on Facebook could target ads to segments of members based on their likes, profiles and demographic information. Facebook has introduced real-time targeting features since then, and this year the social network, with 155 million daily users in the United States and Canada, will customize audience clusters that advertisers can target in real time during the game.

Maura Tuohy, head of social media at the marketing agency Eleven Inc, said Facebook had to work hard to dispel the notion that people do not use the network while watching live tent pole events. "People are talking about these shows" on Facebook, she said.

For example, Toyota Motor Corp in the past had turned to social media to amplify its creative TV commercials running in the Super Bowl. Now, the Japanese automaker is making commercials specially for social media.

Dionne Colvin-Lovely, director of traditional and emerging media at Toyota, said the automaker is running two commercials during the Super Bowl but has turned to digital platforms like Facebook, Twitter, Google Inc's YouTube and Hulu to generate a conversation around car buying.

"There is a lot more fragmentation," Colvin-Lovely said. "TV is an important media; it's not as dominant. We need to make sure we have a strong presence online and in mobile. It's more complicated now."

WAR-ROOMS

Twitter is staffing "war rooms" of 13 advertisers for the Super Bowl, including PepsiCo and Anheuser Busch - triple the number of companies that worked directly with Twitter for last year's big game.

Staffers at the 13 companies will monitor social networks during the game and pump out videos, tweets and graphical ads. Some companies will have lawyers on hand to approve the spots.

A growing number of big brand advertisers want to create "unplanned" social ads for the Super Bowl, said Twitter Director of U.S. Brand Strategy Ross Hoffman.

Twitter and Facebook are hoping that by executing memorable real-time ads with a more precise way to reach consumers will be an additional tool in their long-time efforts to grab a bigger slice of the estimated $66 billion television advertising pie.

Many marketers are also turning to digital platforms, including YouTube.

While many agencies executives said social networks do not necessarily charge more for ads during tent pole events, total spending rises as advertisers target more people.

This year, NBC is charging a record $4.5 million on average for a 30-second commercial. So far the network, a division of Comcast Corp, has sold 95 percent of the game's inventory.

When the $5 million to $10 million cost to produce a TV commercial is factored in, digital advertising looks even more attractive.

"It's a much more complicated ecosystem than 2 years ago," said Winston Binch, partner, chief digital officer Deutsch North America. His firm created the iconic "The Force" Super Bowl TV ad featuring a little kid dressed up as Star Wars character Darth Vader in 2011 for Volkswagen (VOWG_p.DE), which is not airing a spot this year.

"The price tag keeps going up. It's not an easy decision now for big brands," he said.  — Reuters

What Options do Brokers Offer that Banks Don’t?

Brokers versus Lenders

A broker’s job is not just to provide a mortgage; it is to find the best possible mortgage for a client’s situation among multiple lenders.


A good broker will shop around between many different banks and credit unions to find the best mortgage product for the client. This is a fundamentally different service from banks or other lenders.

While a broker’s purpose is to find the best mortgage for a client, a bank’s purpose is to sell the client on the bank’s products.

Advantages of Going through a Broker

Mortgages are complicated affairs with many hidden costs. Many first-time home buyers choose mortgages strictly based on rates. However, they end up getting fleeced by fees, pay restrictions, and refinance policies.

This is especially true for people with variable income or bad credit, who need more flexible mortgage options. A broker can help find a mortgage product specifically designed for any needs.

Best of all, a mortgage broker has a good understanding of value, and can find the best new offers from a variety of lenders. Every time a new mortgage product is rolled out by a lender, brokers across the country analyze and evaluate its value for their clients.

Additional Options through a Broker

Specifically, the options provided by a broker, as opposed to a bank, include:

    Choice between different lenders
    Negotiation of rates with lenders
    Neutral consultations and assessments

Rising Popularity of Brokers


The recession may be over, but capital is still tight. Bank rates have continued to increase for the past few years. CRBC and TD in particular have both hiked their rates across the board. This has made homeownership very difficult for many Canadians.

The good news is that many brokers can still find the deals among the rising rates.

Lesser-known monolines, or dedicated mortgage lenders, have tried to gain an advantage over the big banks by providing lower rates. It’s difficult for laypeople to find the right monoline for them, but brokers have the skills to find monoclines with both lower rates and appropriate terms.

The public is noticing the better mortgages obtained by brokers. Brokers now account for about one third of new mortgages. Among people who have already gone through the mortgage process with a bank, most choose to refinance using a mortgage broker.

source: northwoodmortgage.com

Actress Lindsay Lohan’s community service questioned in court


LOS ANGELES - A Los Angeles judge on Wednesday gave a prosecutor more time to investigate whether actress Lindsay Lohan failed to complete her community service requirements in a reckless driving case.

Santa Monica city prosecutor Terry White will present his findings in court on Feb. 18 after disputing Lohan's claim that she completed her sentence while living in London, Lohan's attorney, Shawn Holley, said.

The 28-year-old "Mean Girls" star was ordered to complete 30 days of community service in addition to rehabilitation and therapy as part of a 2013 plea deal after she crashed her Porsche into a dump truck near Los Angeles en route to the set of TV movie "Liz & Dick" and later lied to police.

The former child star known more for her legal troubles than big-screen roles has been living in London where Holley says she has completed her community service.

White alleges Lohan, who was not at the hearing, received credit for a "meet-and-greet" with fans as well as letting two young people shadow her while at work, according to City News Service.

Lohan has been arrested in the past for drunk driving and theft before the 2012 car crash. She has been on probation since 2007 and gone to rehab six times. —Reuters

Tuesday

Natalie Portman sits in on retro space-age Dior fashion show


PARIS - The stars were aligned at Dior's Haute Couture fashion show in Paris on Monday.

First, American-Israeli actress Natalie Portman—the advertising face of Dior's "Miss Dior" perfume— was sitting in the front row, somewhat less stiffly than her Queen Padme persona from the "Star Wars" prequels.

Second was the spring-summer collection itself: all groovily "Barbarella" with fluorescent orange boots and skintight catsuits with flower-power patterns worn by models descending from a multi-level space-opera set purpose-built in the gardens of Paris's Rodin Museum.

Third was David Bowie's early years London pop washing out of the sound system, including tunes performed by his stage alter ego Ziggy Stardust.

It was very retro space age—yet designer Raf Simons injected the show with a look at once sexy and light.

"I was always thinking of the future for so many years and I was always anti-romanticising the past, but the past can be beautiful too," he said.

The colourful garments, he said, incarnated "the romance of the 50s, with the experimentation of the 60s and the liberation of the 70s".

His ambition was for "something wilder, more sexual, strange and certainly more liberated for the haute couture and for women."

Austin Powers piloting

Bright, very bright colors, lines and swirls competed for attention on the outfits, which ranged from Dior's trademark thin-waisted, flouncy dresses to second skins to mid-thigh tunics with latex leggings. All carried on exquisitely stilettoed shoes and eye-catching boots.

It was as if Austin Powers were piloting the spaceship, headed for Woodstock with an ultra-glam female party crew on board.

Indeed, Dior itself described the collection as a time-travelling "hallucinogenic amalgamation" in its production notes.

The idea, it said, was to subvert the typical Dior "femme fleur" image it has built up over the years.

Flower power, indeed: a nostalgic trip harking back to a breezier, maybe more innocent, time when fashion, leisure, music and the beginning of mass travel promised what seemed a bright future of free love and world peace.

Current events in the news may give the lie to that promise, but maybe that's why the privileged crowd watching the show applauded so heartily—hailing this image of hope over reality.

The VIP crowd putting its well-manicured hands together included Chinese model-actress Angelababy, 1960s and 1970s American model Marisa Berenson, and Bernard Arnaud, the head of the LVMH luxury goods empire that controls Dior.

About 'love'

Backstage, the couturieres who handmade the garments spoke to AFP about the challenge of working with material like PVC, which was made into see-through jackets for some of the numbers.

"We had to learn to work with it—we'd never done that before... find threads that can't be seen, that don't break," said one, who gave her first name as Florence.

Simons said he sought to invoke the way women in the 1960s and 1970s expressed political views through their bodies and what they wore.

The bodysuit, for instance, was "not changing the body—it is the body, so in that sense I think it's interesting to communicate directly with purely the form of the body".

Challenging the often-grim news from around the world was a priority, he admitted.

"This for me is also about love. The '60s and '70s were much about love, so it was a conscious decision to go there right now," Simons said. AFP

source: gmanetwork.com

Monday

Classic Macintosh gets 2015 makeover


If the original Apple Macintosh were invented in 2015, what would it look like?

A German tech site gives us an idea, cramming modern Apple tech into the 30-year-old classic facade of the iconic Mac form factor.

The site said it fit the components of a current Macbook Air with an 11-inch screen into the 1984-style Mac.

"[W]e have transformed it into a touchscreen: You can choose whether to control it via mouse and keyboard or directly type directly on the 11.6 inch touchscreen," Curved.de said.

In place of the 1984 Mac's floppy or hard drive is an SSD flash memory with 128 GB of storage. The RAM was upgraded to 4 or 8 GB.

The Motorola chip that served as the brains of the original Mac is replaced with a high-end i7 one from Intel.

As for the casing, it is made "of the same high quality as used for the aluminum Macbooks, iPhones and iPads."

"[A]t the spot located under the screen, where the drive for 3.5-inch disk sat, you will now find a slot for SD cards, the FaceTime camera, speakers and a microphone," it said.

But wait, there's more: The new Mac supports popular WiFi standards and Bluetooth, and features a USB 3.0 port and a Lightning port.

"A built-in battery allows you to set up the Mac at different work locations on the fly. Like the current iPhones and iPads the Mac would be available in silver, gray and gold—including color-matched keyboards and mice," it said. — Joel Locsin/BM, GMA News

source: gmanetwork.com

FACTBOX List of winners at the Screen Actors Guild Awards


LOS ANGELES - The Screen Actors Guild announced the winners of its 21st annual awards for the best performances in film and television on Sunday.

"Singin' in the Rain" actress Debbie Reynolds, 82, was given a lifetime achievement honor.









Following are a full list of winners in film and television:


Film

BEST ENSEMBLE CAST: "Birdman"

BEST ACTOR: Eddie Redmayne, "The Theory of Everything"

BEST ACTRESS: Julianne Moore, "Still Alice"

BEST SUPPORTING ACTOR: J.K. Simmons, "Whiplash"

BEST SUPPORTING ACTRESS: Patricia Arquette, "Boyhood"


Television

BEST ENSEMBLE CAST, DRAMA SERIES: "Downton Abbey" (PBS)

BEST ENSEMBLE CAST, COMEDY SERIES: "Orange Is the New Black" (Netflix)

BEST ACTOR, DRAMA SERIES: Kevin Spacey, "House of Cards" (Netflix)

BEST ACTRESS, DRAMA SERIES: Viola Davis, "How to Get Away with Murder" (ABC)

BEST ACTOR, COMEDY SERIES: William H. Macy, "Shameless" (Showtime)

BEST ACTRESS, COMEDY SERIES: Uzo Aduba, "Orange Is the New Black" (Netflix)

BEST ACTOR, TV MOVIE OR MINISERIES: Mark Ruffalo, "The Normal Heart" (HBO)

BEST ACTRESS, TV MOVIE OR MINISERIES: Frances McDormand, "Olive Kitteridge" (HBO)


—Reuters

Sunday

Home cheap home: Vietnam architect’s quest for low-cost housing


LONG AN, Vietnam - Vo Van Duong's bamboo and coconut leaf house looks much like others deep in Vietnam's Mekong Delta. But unlike them, his seemingly simple abode is designed to withstand typhoons, flooding and earthquakes—and at a cost of less than $4,000 could herald a new wave of cheap, sustainable housing.

The natural materials on its surface belie the hi-tech internal structure of the farmer's new home, which uses steel struts and wall panels as a defense against the elements in this natural disaster-prone region.

"The new house is safer, I'm not afraid that it will collapse," the 48-year-old papaya farmer told AFP inside the house he moved into nine months ago.

Duong is testing a prototype by an award-winning Vietnamese architecture firm looking for low-cost housing solutions for communities vulnerable to climate change.

His S-House 2 was free, but if rolled-out on a wider scale could be sold for less than $4,000.

"There was water coming down from the roof in my old house. Sometimes, when there was a strong wind, I was so afraid the house wouldn't survive," Duong said, adding his new home was the envy of his neighbors.

The eco-home is the brainchild of Vo Trong Nghia, who joins other architects around the world in trying to fill a demand for cheap and easy to assemble housing—from flat-pack refugee shelters to shipping-container homes for tsunami victims.

He says all architects have a duty to help the poor.

"What about those with low income, billions of them, how can they live?" Nghia told AFP. "They have the right to live in comfortable, functional places."

But he wants to go further, creating a home residents can take pride in.

"I don't want people to be looking at it as 'cheap houses' but as resort-quality accommodation close to nature, so [residents] can live a life of the highest quality."

Flat-pack homes

The design is still being refined by his team, who are eventually aiming to create a flat-pack home. The newest version, S-House 3, can be built by five people in three hours.

"Our goal for S-house is for the owner to construct it by themselves," said Kosuke Nishijima, a partner at the firm.

The latest design also allows for multiple houses to be tacked together, a function that could allow, for example, the construction of a storm-proof school easily transportable to remote areas or a larger family home.

Nghia has already been approached by NGOs in disaster-prone Bangladesh and the Philippines, but is not yet ready to supply the house commercially.

From saline-intrusion and flooding in the Mekong Delta to typhoons along the central coast, Vietnam is also home to communities living in high risk areas.

For decades, Vietnamese families have adapted their houses themselves, many building ad hoc mezzanines to avoid flooding.

In more recent years organizations including the Red Cross and Women's Unions, as well as local authorities, have been trying to help people develop more resilient housing.

But in order to ensure such projects are successful, "private architects' support is critical," according to Boram Kim, an urban specialist with UN-Habitat in Vietnam.

"State and local government authorities are well aware that such houses are needed for the poor, but have little technical knowledge for realising their ideas," she told AFP.

"Architects have technical knowledge for reducing the housing construction cost while making it storm proof," she said, cautioning that it was important for designers to listen to the needs of local communities.

Architect for the poor

Nghia's firm found that one of the problems facing rural Vietnamese living in traditional bamboo shacks or stilted river-bank dwellings is the costly upkeep they require to withstand increasingly extreme weather.

Although the S-House 2's outer casing of coconut leaf may need replacing every four years, the structure itself should require no expensive maintenance, said engineer Lien Phuoc Huy Phuong.

"It can last a long time, the structure is sound," he told AFP during a tour of the small building.

Despite its solid exterior, the house is spacious and airy inside, with large windows and doors to bring residents closer to nature.

"We tried to design this house with the best ventilation system, with spaces by the roof and windows for better air flow," Phuong said, pointing out strategic gaps that should reduce the need for electric fans.

Architect Nghia, who used bamboo as a key element in Vietnam's country pavilion for the 2010 World Expo in Shanghai, has long sought to incorporate natural and local materials into his work.

One of his first projects in Vietnam's Ho Chi Minh City was an ecologically-conscious take on a traditional Vietnamese tube home, known as Stacking Green house.

Built in 2011 for around $150,000, the building is made of a series of concrete slabs and gaps filled with plants to provide privacy while still allowing plenty of air and light.

Nghia is in strong demand for high-end projects from hotels to private houses, but said the low-cost S-House is his personal obsession.

"I want to live in S-House. If my family will agree," he said. AFP

source: gmanetwork.com

Saturday

New Windows 10 Build rolled out for testers


Early testers may get an updated peek at the upcoming Windows 10 operating system, after Microsoft made available the latest build for download.

The download of Build 9926 is available for those who signed up for Microsoft's Insider program, Microsoft's Gabe Aul said in a blog post.










Aul said the newest features include:

- Cortana digital assistant (US English only) integrated into the desktop
- New Start menu
- Continuum, which has Windows adapt across different devices
- New settings app
- Connecting to wireless audio and video
- New Photos and Maps apps
- Windows Store Beta
- Xbx app

But some known problems in this build may include:

- a boot selection menu at reboot
- Xbox Live enabled games that require sign-in may not launch correctly
- battery icon shows on PC lock screens without batteries
- Start menu tiles show truncated app names
- Remote Desktop has some painting issues
- Connected Standby enabled devices like Surface Pro 3 may experience shorter battery life
- Cortana reminders can’t be edited and more complex reminders might not be created
- Music app will disappear if minimized within 16 seconds of launch
- Start menu is occasionally improperly registered and will fail to launch

Tech site Mashable noted that at least for now, only Windows Insiders can download and install the new Windows build, though Microsoft is still accepting signups.

 "While Microsoft has yet to officially announce a public release date for Windows 10, most expect it to arrive before the end of this year. When it does, Windows 7, 8 and 8.1 users will be able to download it for free (for the first 12 months of general availability)," it added.  — Joel Locsin/LBG, GMA News

source: gmanetwork.com

Friday

Adobe patches flaw in Flash but another one found


Users of some browsers may want to put off visiting sites that use Adobe's Flash software – Adobe has patched a flaw in Flash, but a new one has been discovered.

Adobe this week rolled out a patch to address a vulnerability being exploited by the Angler Exploit Kit, but a security researcher found it was not the only flaw.

"Any version of Internet Explorer or Firefox with any version of Windows will get owned if Flash up to 16.0.0.287 (included) is installed and enabled," researcher "Kafeine" said in a blog post.

"Disabling Flash player for some days might be a good idea," Kafeine added.

On Jan. 22, Adobe issued a security update for a vulnerability affecting Flash Player for Windows, Mac and Linux.

It urged users to update to Flash Player 16.0.0.287.

But Kafeine noted that Angler initially did not infect Firefox, Angler's encoders made the adjustments so it would also affect Mozilla's browser.

So far, Kafeine said tests showed Google's Chrome is relatively safe from the threat. — Joel Locsin/LBG, GMA News

source: gmanetwork.com

Wednesday

First Apple Watch launched—20 years ago

 
Apple Watch, the iPhone and iPad maker's foray into the wearable computing market, is rumored to be coming out in March—but did you know it's not the first watch from Apple?
 
The first Apple Watch came out in 1995 but not as a marvel of technology. Instead, it was more of a promotional product, 9to5mac.com reported.
 
"Back in 1995, Apple actually used the watch ... as an incentive to upgrade to (Mac) System 7.5. Meet the original Apple Watch," it said.
 
 
 
It cited a YouTube video by Jonathan Morrison showing the watch being presented to people who found it (expectedly) low-tech but still cool:



One commenter even called it a "Mickey Mouse watch."
 
Check the specs: scratch-resistant glass, a blue bezel, an old-school colorful Apple logo and "Mac OS" on the wristband, Mashable said.
 
The 1990s Apple Watch would be quite a far cry from the upcoming Apple Watch - which will connect with the iPhone via Bluetooth. — Joel Locsin/TJD, GMA News
 
source: gmanetwork.com

Tuesday

Apple may launch interactive iPad stylus soon

 
Apple could soon launch a simple stylus that will come with a Pro version of its 12.9-inch iPad tablet, an Apple enthusiast site reported.
 
In its report, AppleInsider said Apple is also working on an advanced version that will support 3D handwriting.
 
"Given that it's more precise than a person's fingers, a stylus can be more convenient to use than the combination of keyboard and mouse in some cases. Therefore, we believe Apple's stylus will improve the user experience of 12.9-inch iPad," it quoted analyst Ming-Chi Kuo of KGI Securities as saying.
 
It also said Apple could launch the stylus in the second quarter of 2015.
 
But AppleInsider also noted Kuo did not cite any particular source for this, though he has had "close ties to Apple's supply chain partners."
 
Citing Kuo, it said Apple may likely launch the stylus as an optional add-on, then base its actions on consumer feedback.
 
Bells and whistles
 
Meanwhile, AppleInsider quoted Kuo as saying the initial stylus will be a simple one, with new features likely added in the future.
 
 Kuo said Apple could add a gyroscope accelerometer "to write not only on the display, but also on other hard surfaces and even in the air." — Joel Locsin/TJD, GMA News
 
source: gmanetwork.com

257 pass practical phase of Dentist Licensure Exam –PRC


The Professional Regulation Commission (PRC) on Tuesday announced that 268 out of 725 passed the December 2014 Dentist Licensure Examination (Written Phase) and 257 out of 271 passed the Dentist Licensure Examination (Practical Phase) given by the Board of Dentistry in Manila this month.
  
[Click here for the list of passers in the practical phase.]

Registration for the issuance of Professional Identification Card (ID) and Certificate of Registration will be from January 26 to 28, 2015, the PRC said.

The date and venue for the oathtaking ceremony of the new successful examinees will be announced later, it added. —KBK, GMA News

source: gmanetwork.com

Monday

Richest 1 percent will own more than the rest by 2016 – Oxfam


LONDON - More than half the world's wealth will be owned by just one percent of the population by next year as global inequality soars, anti-poverty charity Oxfam said on Monday.

In a report released ahead of this week's annual meeting of the international elite at Davos in Switzerland, Oxfam said the top tier had seen their share of wealth increase from 44 percent in 2009 to 48 percent in 2014.

On current trends, it will exceed 50 percent in 2016.

The charity's executive director, Winnie Byanyima, who is co-chairing the World Economic Forum meeting in Davos, said an explosion in inequality was holding back the fight against poverty.

"Do we really want to live in a world where the one percent own more than the rest of us combined?" she said on Monday.

"Business as usual for the elite isn't a cost free option. Failure to tackle inequality will set the fight against poverty back decades. The poor are hurt twice by rising inequality—they get a smaller share of the economic pie and because extreme inequality hurts growth, there is less pie to be shared around."

Oxfam said it would call for action to tackle rising inequality at the Davos meeting, which starts on Wednesday, including a crackdown on tax dodging by corporations and progress towards a global deal on climate change.

The richest 80 individuals in the world had the same wealth as the poorest 50 percent of the entire population, some 3.5 billion people, Oxfam said. This was an even bigger concentration at the top than a year ago, when half the world's wealth was in the hands of 85 of the ultra rich.

Members of the top 1 percent had an average wealth of $2.7 million per adult, Oxfam said.

The bulk of the world's remaining wealth was owned by the rest of the richest fifth, while the other 80 percent shared just 5.5 percent of the pot, equalling an average wealth of $3,851 per adult, it said.

Oxfam used data from the Credit Suisse Global Wealth Datebook, 2013 and 2014, and the Forbes' billionaires list to compile its research. — Reuters

Pope‘s words for Filipinos

 
Most of Pope Francis' message during his visit to the Philippines were delivered in Spanish. Here are some excerpts from the remarks he delivered.

During the Mass with clergymen and religious:
"The great danger is a certain materialism which can creep into our lives and compromise the witness we offer. Only by becoming poor ourselves, by stripping away our complacency, will we be able to identify with the least of our brothers and sisters."
 
In meeting with families*: "To dream how will your daughter or son be. It is not possible to have a family without such dreams... When you lose this capacity to dream, then you lose the capacity to love and this energy to love is lost."
 
During the Mass for Yolanda survivors in Tacloban*: "So many of you have lost everything. I don’t know what to say to you. But the Lord does know what to say to you. Some of you have lost part of your families. All I can do is keep silent...But please know, Jesus never lets you down. Please know that the love and tenderness of Mother Mary never lets you down."
 
In encounter with the youth*: "Today, with so many means of communications, we are overloaded with information. Is that bad? Not necessarily. It is good and it can help. But there is a real danger of living in a way of accumulating information... We run the risk of becoming museums of young people that have everything but without knowing what to do with them. We don’t need youth museums but we do need holy young people."
 
At the Concluding Mass in Luneta: "We forget to remain, at heart, children of God. That is sin: to forget at heart that we are children of God. For children, as the Lord tells us, have their own wisdom, which is not the wisdom of the world. That is why the message of the Santo Niño is so important. He speaks powerfully to all of us. He reminds us of our deepest identity, of what we are called to be as God’s family."

* — message delivered in Spanish


— Rose-An Jessica Dioquino/RSJ, GMA News

source: gmanetwork.com

Security boosted for Paris Fashion


PARIS, France - Security is being bolstered at the Paris fashion shows which open on Wednesday following the deadly Islamist attacks in the French capital and European swoops on other suspected jihadists.

Celebrities and others attending the event were reported to be skittish over security at the globally mediatised shows, which run to January 29.

Several fashion-watching outlets were rattled by a report on the New York Post's Page Six website that cited anonymous organizers saying that "security issues" were keeping VIPs away from the catwalks' front-row seats.

Middle Eastern clients who often spend big on Paris's Haute Couture creations were said to be especially reluctant.

The Federation Francaise de la Couture, the body behind the Paris fashion shows, did not respond directly to AFP queries on the issue.

But a statement given to the fashion houses taking part said "simple logistical measures" must be implemented "to reassure those attending the shows and those participating in them".

They included heightened checks on those holding invitations for the shows and bag inspections.

Thousands of police and soldiers have been deployed across Paris to reinforce security in the wake of the attacks in the city.

Paris on high alert


French authorities and counterparts in Belgium and Germany have in the past few days arrested dozens of Islamist suspects.

There are concerns that some of the thousands of radicalized young Europeans believed to have gone to Iraq, Syria and Yemen to fight alongside the Islamic State group or Al-Qaeda linked groups could return to their home countries to launch attacks.

Those fears were renewed by a gunbattle between police and well-armed suspected jihadists in Belgium on Friday that left two of the suspects dead and a third wounded.

Britain was considering extra measures to give its police better protection.

The Paris fashion shows are seen as a high point of the European catwalk calendars, following shows in London and Milan.

The event usually attracts high-profile showbusiness names. Last year actresses Liv Tyler and Marion Cotillard put in appearances, while reality star Kim Kardashian and her husband Kanye West stole a lot of attention.

The shows start on Wednesday with five days of menswear collections unveiled by the likes of Valentino, Louis Vuitton, Kenzo and Hermes.

Then on January 26, events kick into top gear with four more days of Haute Couture fashion including the latest from top brands Chanel, Jean Paul Gaultier and Christian Dior.

Gaultier and his staff put a picture online of them holding up the "Je Suis Charlie" ("I Am Charlie") sign expressing solidarity and defiance after the January 7 attack on the satirical French weekly that killed 12 people.

The flamboyant French designer's latest show will be his first since he bowed out of ready-to-wear fashion last September in order to concentrate on couture.

Fashion industry journal Women's Wear Daily, meanwhile, quoted Chanel stylist Karl Lagerfeld saying that French authorities will have to cope with people viewing Paris as a more dangerous place.

"I think it's very bad for the image of Paris," Lagerfeld told the site. — Agence France-Presse

source: gmanetwork.com

Sunday

Bitcoin is latest victim of disinflation

 
Bitcoin is proving a big disappointment. The would-be currency is down 33 percent against the dollar so far in 2015, and 71 percent in the last year. There’s almost certainly more bad news to come.
 
The electronic token has lots of enduring problems. As a store of value that is not subject to government intervention, it lacks the support of authorities and is always in danger of being banned.
 
The market was illiquid to begin with and is becoming even more so, increasing the risk of abuse. Bitcoins generate no income, so they count as collectibles – more like an artwork than a few shares of Google. In these matters, beauty and value depend on the fickle eyes of the beholder and potential buyer.
 
Anonymity and free transactions offer some allure. But the former leads to an association with illegal activity. The latter is an illusion, since someone has to pay for the computers used to process and store bitcoin information. Bitcoin “miners” provide the service in exchange for new bitcoins.
 
Bitcoin psychology
 
Right now, the biggest problem is psychology. In a more ebullient and inflationary world, the novelty and limited supply of bitcoins might appeal. These days, disinflation and discontent are the dominant themes.
 
Bitcoins touched $171.41 on Jan. 14 and on Jan. 16 traded at $216. At these levels, the economics of bitcoin mining look terrible. Full cost of production is closer to $600 per token, based on a recent study by Australian researcher Hass McCook. If miners retreat, users may end up paying directly for the service.
 
Defenders of bitcoin have not given up hope. Their emphasis has shifted though, from the currency to the underlying blockchain processing software. That may be a good investment. It may even be revolutionary. But it will not bring up the price of bitcoin. The currency is suffering an erosion of confidence from which it could be hard to recover.– Reuters

Pope Francis urges youth to use information technology wisely

 
Pope Francis on Sunday urged the youth to judiciously use information technology (IT) lest "the psychology of the computer let us think that we know it all."
 
Speaking at an encounter with the youth at the University of Santo Tomas, the pope said having many modern means of communication can help but there is a danger of accumulating information.
 
"Today with so many means of communication, we are overloaded with information. Is that bad? Not necessarily ... It is good and it can help, but there is a real danger of living in a way of accumulating information. We have so much information but maybe we dont know what to do with that information," he said through an interpreter.
 
 
 
He warned of the risk of becoming museums of young people who he said have everything but may not know what they want to do with them.
 
The Pope said the challenge is to learn how to love and "through that love, that information bear fruit."
 
"We dont need youth museum but we do need holy young people," he said.
 
Also, he said the youths should learn to use their hearts, minds and hands - "to think, to feel, to do, and all that harmoniously."
 
The Pope also warned against having the psychology of a computer to "think we know it all."
 
"Let us not have the psychology of a computer to think we know it all," he said. — Joel Locsin/TJD, GMA News
 
source: gmanetwork.com

Saturday

Women smokers may have same risk for deadly aneurysm as men


Women who smoke cigarettes are just as likely as men to develop potentially fatal aneurysms in the main artery leading from the heart, according to a recent study.

Guidelines already recommend screening men over age 65 who have ever smoked for abdominal aortic aneurysm, a life-threatening condition, but it may be time to give women the same advice, the authors say.

“Smoking is a major risk factor for abdominal aortic aneurysm (AAA) and the risk appears to be as strong among women,” said lead author Dr. Eiman Jahangir, a senior lecturer with the University of Queensland School of Medicine-Ochsner Clinical School program in New Orleans.

AAA occurs when a person’s aorta, the biggest blood vessel in the body, swells to a larger size. The aorta runs from the heart through the abdomen delivering blood to much of the body.

Symptoms of an abdominal aortic aneurysm may include a pulsing feeling, swelling or pain in the stomach area.

While the condition can be treated with surgery, “the risk is that they can continue to grow and burst, which is usually fatal,” said Dr. Vimal Gokani, a clinical research fellow at the British Heart Foundation in London who was not involved in the study.

Most cases of aneurysm occur in people over 65 and Gokani noted in an email that as the population ages, the problem is likely to become more common.

According to the Centers for Disease Control and Prevention, more than 10,000 people in the U.S. die each year from AAA. Jahangir and colleagues write in the Journal of Epidemiology and Community Health that it’s the 16th leading cause of death for seniors.

The study team analyzed data from a long term study of people in the US South. They focused on a total of 18,792 participants who were over 65 and had Medicare coverage. Participants answered questionnaires including information about demographics, tobacco use and personal and family health histories.

The researchers compared this information with Medicare records to determine that 281 people had suffered aneurysms during the study period.

Men were twice as likely as women to have aneurysms and whites were 2.5 times more likely than blacks to experience the condition.

Smoking was the strongest risk factor, however, with former smokers – both men and women - facing almost twice the risk of never smokers, and current smokers facing an overall risk five and a half times that of never smokers.

The difference smoking made was especially pronounced among women, with former smokers having three and a half times the risk of women who had never smoked and current smokers having nine times the risk of women who had never smoked.

The researchers note that this is problematic, as aneurysms are more often severe when they happen to women.

Having high blood pressure or a history of heart surgery also increased the risk of aneurysm, while being overweight was linked to a lowered risk. Gokani noted that having a family history of aneurysm and high cholesterol can also increase a person’s risk.

Currently, men between the ages of 65 and 75 who have ever smoked are advised to have a one-time screening ultrasound to check for aneurysm, according to Jahangir. He said that women are not currently included in these recommendations and “more studies need to be done to see if women would also benefit from screening ultrasound for AAA.”

Both Jahangir and Gokani said that quitting smoking will likely reduce the risk of aneurysm. “Smoking cessation is very difficult, but so important,” Gokani said.

He cited recent research showing that when smoking rates in a country are lowered, the rates of aneurysm go down as well.

Jahangir advises men ages 65-75 who have ever smoked to get an abdominal ultrasound and advises women to talk to their doctors about whether a screening is recommended.

If an aneurysm is found, Gokani recommends that people should stop smoking and “seek medical advice to ensure that their blood pressure is under control, that their cholesterol levels are normal.” — Reuters

How to Invest in Real Estate

Real estate is an attractive investment, and it’s getting more attractive all the time.


Land is a finite resource, but Canada’s population is increasing. The basic laws of supply and demand mean that land, in general, will become more valuable in the future.

Real estate investment has also kicked into high gear recently as low mortgage rates inspire many to buy additional investment properties.

Although attractive, real estate investment is complicated. Here are several different approaches to entering the world of real estate investment:


          1. House Flipping
    Many people first become involved in the real estate market through house-flipping. This is when you buy a house when the market is low, renovating it, and selling it when the market is high again.

    An advantage of this approach is the ability to live in a house while waiting for its value to mature. This option carries one major risk: the cost of renovations might exceed the profit on the house. Make sure you understand what kinds of repairs will be needed before buying a house to flip.
      
    2. Rental Properties

    Buying property to rent has a lesser level of risk. As long as the rent can cover your mortgage interest, taxes, and maintenance, you will not lose money by holding a rental property. All you have to do is continue to pay down the principal and wait for a good time to sell.

    Although these benefits are tempting, rental properties are hampered by tighter mortgage restrictions. To purchase a rental property on mortgage, you will need to provide at least 20% of the value as a down payment. Another disadvantage is a continuing time commitment of finding tenants, collecting rent, and arranging for maintenance.
      
    3. Commercial Mortgages

    For a less demanding rental property, consider using a commercial mortgage to buy storefront or office space.

    This has all the high benefits and low risks of rental property, with (usually) much less work. Commercial mortgages, unfortunately, require more stringent appraisals, including environmental assessments. All these appraisals can cost a lot of fees and take a lot of work.

    The typical value of a commercial mortgage, often over a million dollars, can also dissuade potential buyers.

    4. Real Estate Investment Trusts

    Real Estate Investment Trusts (REITS) are a solution for those who want to invest in real estate, but lack the capital to use as a down payment on large properties.

    A REIT is run as a corporation that collectively acquires and sells property. REITs typically pay out over 90% of their rental profits directly to investors, making them far more profitable than most investment groups.

    source: northwoodmortgage.com

Friday

What are ovarian cysts?


Dolores, a 35-year-old high school teacher, came to see me at the clinic one day looking very worried. She was clutching a pelvic ultrasound report which said she had an “ovarian cyst.” Immediately fear assailed her, and many questions came up: Did she need surgery? Was the cyst malignant and life-threatening? What will happen to her three small children if she got sick? How did she get it? 

When we looked at the ultrasound results closely however, it said that the ovarian cyst was at the right side, about 3 cm. in its widest diameter, thin-walled, and was signed out as a follicular cyst. I assured her this was one of the functional or physiologic cysts of the ovary. It was benign, and there was no need for any surgery; we would simply repeat the ultrasound after three to six months and see.

The ovaries are two structures (right and left) attached to the fallopian tubes and the uterus at the lower abdomen. Each month, from among the many unripe eggs inside it, one egg (the primary follicle) matures and is extruded out during ovulation. Sometimes the egg does not come out, and after a time the follicle becomes filled with fluid, and becomes a follicular cyst. These are benign growths that most of the time disappears spontaneously. The area from which the egg comes out is called the corpus luteum, and sometimes fluid also fills this area after ovulation and this becomes a corpus luteum cyst, another benign condition.

Many other non-malignant cysts can occur in the ovaries, like the dermoid cyst, which can grow to large sizes, carrying inside it skin, hair, neural tissues and sometimes even teeth and muscles; or, the so-called chocolate (endometrial) cyst, containing dark brown fluid. Many times too, numerous, very small (less than 1 cm) cysts grow at the edges of the ovaries, and the ovaries are considered polycystic.

We do not exactly know why ovarian cysts form. They occur very commonly in women during their reproductive age, probably because at this time the ovaries are actively involved in the menstrual cycle. Mature eggs come out every month, and hormones are produced in a recurring fashion. This is also a reason why ovarian cysts in post-menopausic women should be regarded with more caution, especially when there is sudden enlargement.

Symptoms

When cysts are small they are usually asymptomatic. This is when an accidental finding of an ovarian cyst surprises the woman the most. The request for a pelvic ultrasound (or sometimes, a whole abdomen ultrasound) for another ailment could provide a surprise finding.

However, the usual symptoms include dull abdominal pain, many times described simply as heaviness; or something vague like low back pains. Doctors agree that cysts are worrisome when they grow to more than 6 cm. in size; some would call growths that are less than this as simply “cystic ovaries.”  When these cysts grow large they could even be felt by the woman herself, or her partner.

When the ovarian growth is large enough it could cause pressure on the bladder, so the woman urinates more frequently. Painful sexual intercourse too, could occur. At times there will be menstrual changes, or, dysmenorrhea. This usually occurs in endometrial cysts, where the endometrial glands inside the ovaries also bleed and the cysts grow every time the woman menstruates.

Dresses and pants too could become tighter as the cyst grows. Because of the space that the cyst occupies, nausea and vomiting occur, as the woman feels full easily after eating.

Complications

Ovarian cysts sometimes have pedicles (or long, thin attachments) and these could twist. The blood supply and nerves are affected by this torsion, and can cause severe pain. The ovarian cyst itself could also become infected, and the contents become an abscess, again, leading to pain and other signs of infection.

When the intra-cystic pressure increases to such an extent that the walls could no longer hold, there could be rupture, spilling out the contents of the cyst into the peritoneum. Again, pain ensues, and with time, infection (peritonitis) follows.

Hemorrhage too, is another feared sequel of an unattended ovarian cyst. Needless to say, there will be pain, and loss of blood inside the abdomen.

Treatment

As mentioned in Dolores’ case, when the ovarian cyst is deemed physiologic and small, there is room for observation, and watchful waiting. These functional cysts could resorb by themselves, or sometimes spill out their small contents, collapse and disappear.

Larger and symptomatic cysts (regardless of size) are managed by surgery. Many gynecologic surgeons now employ laparoscopy, which entails passing a thin, lighted instrument through the abdominal wall to remove the cyst. This is the best management for cysts that are free (no adhesions), and when ovarian cancer has been ruled out. Many times the surgeon will opt to do a laparotomy, which means opening up the abdomen to remove a large and adherent cyst.

Some gynecologists too, while observing an ovarian cyst over several cycles, will prescribe an oral contraceptive to prevent further ovulation while observing the existing growth.

Fear of malignancy

Dolores’ worry about malignancy then could be allayed, as hers was a functional cyst. Clinically though we could suspect malignancy in ovarian growths when the following occurs: sudden enlargement of the cyst, plus constitutional signs of malignancy that includes weight loss, anemia, and loss of appetite. There are ultrasound findings too that could make us suspect that the cyst is no longer benign: fluid in the abdomen (called ascitis), or seeing both cystic and solid structures in the same ovarian growth. In this case, a gynaecologic oncologist would need to do surgery for a debulking procedure (removal as much malignant tissue), sample the lymph nodes, and decide post-surgery therapies. We do not know why ovarian cancer develops. But studies show that this disease is associated with: age, obesity, smoking, infertility (and the taking of ovulation medications), and a positive family history of ovarian, breast, or colon cancer.

For Dolores, she went home that day relieved and at peace, finding resolution for her many questions and worries. BM, GMA News

source: gmanetwork.com




 

Standard & Poor's says Swiss rating unaffected by SNB move


ZURICH – Ratings agency Standard & Poors said on Friday the Swiss National Bank's shock decision to scrap its three-year-old cap on the franc had no immediate impact on Switzerland's credit rating.

Standard & Poors said the strong appreciation of the Swiss franc against the euro could dampen Swiss exports over the next two to three years, but expected the country's economy to whether any setbacks.

"Still, we think Switzerland's strong economy and solid public finances will resist this exchange rate shock," the ratings agency, which currently rates Switzerland as AAA, said in a statement.

The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the euro and stocks plunging on fears for the export-reliant Swiss economy. – Reuters

Thursday

Pope Francis 'very impressed' by Filipinos' passionate welcome

 
An estimated 800,000 to a million Filipinos gathered between Villamor Air Base in Pasay City to the Apostolic Nunciature in Manila on Thursday to offer Pope Francis a welcome that only the lone predominantly Catholic country in Asia could give.

Fr. Federico Lombardi SJ, the director of the Vatican Press Office, said the Filipino faithful did not at all disappoint.

Wire agency Agence France-Presse described the Filipino reception as "rapturous."
 
"The Pope was very impressed," Lombardi said in a news conference at the Vatican Media Center, a short distance away from the Pope's official residence in Manila.
 
"The first encounter of the Pope [with the Filipino people] was very impressive, important, and touching," he added.
 
Aside from the welcoming party at the air base and the crowd that gathered in front of the nunciature, Filipinos lined the route of the papal motorcade to give the 78-year-old pontiff an ardent receptiion.

Lawyer Francis Tolentino, chairman of the Metro Manila Development Authority and a member of the organizing committee of the papal visit, said the agency estimate of the people that gathered was between 800,000 to a million.
 
President Benigno Aquino III and members of the Cabinet received Pope Francis at Villamor Air Base late Thursday afternoon. 
 
Manila Archbishop Luis Antonio Cardinal Tagle, Catholic Bishops' Conference of the Philippines president Archbishop Socrates Villegas, and other prelates were also at the airbase to welcome the pontiff.
 
Students from various Catholic schools in Parañaque performed three dances to welcome the Pope at the airbase.

Church bells tolled

It was the beginning of a five-day trip in the Catholic Church's Asian heartland that is tipped to attract a world-record papal crowd.
 
Church bells tolled across the former Spanish colony as the charismatic pontiff flew into the capital of Manila after a successful visit to Sri Lanka.
 
Francis smiled as he looked out the window of his plane upon touchdown, greeted by the sight of hundreds of children on the tarmac chanting "Welcome Pope Francis!" and "We love you, Pope Francis!"
 
Francis has said his two-nation tour is aimed at adding momentum to the Church's already impressive growth in Asia, with its support in the Philippines the benchmark for the rest of the region. 
 
Eighty percent of the former Spanish colony's 100 million people practise a famously fervent brand of Catholicism, and the pope is set to enjoy thunderously enthusiastic crowds throughout his stay.
 
"Every step he makes, every car ride he takes, every moment he stays with us is precious for us," Villegas said as he called on all Filipinos to make an effort to see him.
 
Hundreds of thousands of people crowded the route the pope passed as he made a 35-minute trip in a "popemobile" from the airport to the Vatican's embassy to rest overnight.
 
The pope stood on the back of the vehicle, which had no walls, waving and smiling constantly to the crowd.
 
"It's a blessing to see the pope. That's why we're here," school teacher Jeannie Blesado, 35, told AFP.
 
Personally comfort Yolanda survivors
 
Pope Francis has several engagements in Manila but Church leaders said the Holy Father's main intention was to personally comfort the survivors of super typhoon Yolanda (Haiyan) in Leyte.

Yolanda, which hit Central Philippines in November 2013, was the strongest typhoon on record to ever make landfall.
 
More than 40,000 policemen and soldiers are deployed different areas to secure the Holy Father during his five-day stay in the country.
 
This is the first time that Pope Francis visited the Philippines, and Southeast Asia since taking the helm of the Roman Catholic Church in March 2013. 
 
The 78-year-old charismatic pontiff went to Sri Lanka for a three-day visit, to kick off his Asian tour, before coming to the Philippines.
 
The first Jesuit Pope who hailed from Argentina gave Sri Lanka its first saint, Catholic priest Joseph Vaz, who led he rebuilding of the Church in the country during he 17th and 18th centuries after the Dutch declared Calvinism as the official religion.
 
The 266th Pope of the Catholic Church is expected to draw some six million people in an open air Mass on Sunday at Rizal Park in Manila. —with a report from Agence France Presse/NB/JST, GMA News
 
source: gmanetwork.com
 

Wednesday

Wall St. ends down in volatile session; materials a drag


NEW YORK -U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.

The S&P 500 slipped under its 50-day moving average of 2,046 around midday, triggering weakness, while volume also picked up. All three indexes fell from highs of more than 1 percent during the session, with the S&P 500 moving more than 48 points from its high for the day to its low, its widest range since Oct. 15.

Shares of homebuilders .HGX fell 1.5 percent after KB Home (KBH.N) forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home dropped 16.3 percent to $13.87, its biggest percentage fall since 1992. [

Shares of Freeport McMoran Copper & Gold (FCX.N) slid 7.5 percent to $21.04, and were the S&P 500's biggest percentage decliner. The S&P materials index .SPLRCMA fell 1.2 percent and was the S&P 500's worst-performing sector.

Copper prices dropped further below $6,000 per tonne to their weakest level in more than five years, while oil prices tumbled to near six-year lows before recovering.

"We're seeing commodity prices continue to go down, not only in oil but across the board. So it's this fear of lower commodity prices leading to global deflation which is leading this nervousness," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

The S&P energy index .SPNY was down 0.7 percent, with shares of Exxon Mobil (XOM.N) down 0.4 percent at $90.

The Dow Jones industrial average .DJI fell 27.16 points, or 0.15 percent, to 17,613.68, the S&P 500 .SPX lost 5.23 points, or 0.26 percent, to 2,023.03 and the Nasdaq Composite .IXIC dropped 3.21 points, or 0.07 percent, to 4,661.50.

The losses extended the recent decline to a third day. The S&P 500 is now down 3.2 percent since its Dec. 29 record high, marked by concerns about plunging oil prices, global economic weakness and Greece's potential exit from the euro zone.

A reduction in the amount to hedging in the market as shown by options on the CBOE Volatiity index .VIX suggests some investors may be more exposed to big fluctuations in the stock market, said Joe Bell, senior equity analyst at Schaeffer's Investment Research in Cincinnati. The VIX ended the day up 4.9 percent at 20.56.

Results have begun rolling in for U.S. quarterly earnings, though estimates have fallen sharply in recent months as oil prices sold off.

Goodyear Tire & Rubber (GT.O) stumbled 7.1 percent to $26.05 after the company estimated full-year operating income growth "slightly below" its forecast of 10 to 15 percent.

About 7.8 billion shares changed hands on U.S. exchanges, above the 7.2 billion average for the last five sessions, according to BATS Global Markets.

NYSE decliners outnumbered advancers 1,627 to 1,460, for a 1.11-to-1 ratio; on the Nasdaq, 1,393 issues fell and 1,326 advanced, for a 1.05-to-1 ratio favoring decliners.

The S&P 500 posted 57 new 52-week highs and 21 new lows; the Nasdaq Composite recorded 113 new highs and 105 new lows.  — Reuters

SpaceX cargo ship reaches International Space Station

 
SpaceX's unmanned Dragon cargo ship arrived Monday at the International Space Station, carrying 2.6 tons of food and supplies for the astronauts at the orbiting research laboratory.
 
"We have captured Dragon," NASA commentator Rob Navias said as the space station's robotic arm, operated by commander Barry "Butch" Wilmore, grappled the spacecraft at 5:54 am (1054 GMT), according to NASA's television broadcast.
 
Wilmore was assisted by European Space Agency flight engineer Samantha Cristoforetti as they used the station's 17.6-meter (57.7-foot) robotic arm to reach out and capture the Dragon spacecraft.
 
The rendezvous was "flawless," Navias said.
 
Dragon was bolted onto the station's Earth-facing Harmony node at 8:54 (1354 GMT).
 
The cargo ship launched atop a Falcon 9 rocket from Cape Canaveral, Florida on Saturday. It marked the fifth of at least 12 planned official missions for SpaceX which has a $1.6 billion contract with NASA to supply the space station.
 
The equipment on board includes a NASA-developed system known as the Cloud-Aerosol Transport System (CATS) for measuring tiny particles called aerosols in the atmosphere.
 
Ready-made meals, science experiments, an IMAX camera and tools to help astronauts during spacewalks are also in the payload.
 
Astronauts may begin unloading the spacecraft as early as Monday afternoon.
 
Dragon will spend about a month there before returning to Earth with over 3,600 pounds (1,600 kilograms) of cargo that is no longer needed by the crew in space, as well as computer equipment and science experiments that need further analysis on Earth.
 
The spaceship is the only cargo vessel in the world that can return to Earth intact. Other supply ships burn up on re-entry to Earth's atmosphere.
 
It will head back to Earth for an ocean splashdown on February 10, NASA said. Agence France-Presse
 
source: gmanetwork.com

Do Mortgages Cover Home Repairs?

Yes, they can. Most mortgage terms will allow buyers to make initial major renovations or repairs to the property. Many refinancing options not only permit, but also insist, that all refinanced funds to go towards home repairs.


Either option will allow you to perform home repairs, under certain conditions.

Not only can mortgages be used to cover repairs, but often, they should! Mortgages are typically the lowest-rate options for financing repairs. Mortgages pay for about 15% of Canadian home repairs, making them the most popular form of credit used in renovations.

The Policies

The Canadian Mortgage and Housing Corporation (CMHC) provides the majority of mortgage insurance to first-time buyers.

CMHC policies allow for home buyers to build equity into their homes by renovating them after purchase. To obtain additional funds in a mortgage, you will provide an estimate, preferably with quotes by contractors, for all the repairs in your home.

If you already own a home, you can pay for renovations through refinancing.

Refinancing for Renovations in Canada

With most lenders, you can refinance your home for up to 80% of its value, minus any remaining debt on your previous mortgage.

Because you have more equity, a refinanced loan will often have a lower rate than your original mortgage. In Canada, it is common to find refinancing options with rates under 3%.

This makes refinancing a much more attractive option for homeowners than lines of credit, credit cards, or personal loans.

Most credit cards now carry an interest rate of 18%, while loans are almost always over 4%. The increased rates are not a huge problem for people who intend to pay off the renovations in a few months, but they are extortionate when spread out over years or decades.

Let’s look at an example:

Imagine a kitchen renovation costing $12,000 by a family with an extra $200/month in the budget that increases with inflation. They obtain a typical home equity line of credit rate of 5%, compounded annually. Assuming 2% inflation, this will cost about $2200 in interest and will take six years to pay down.

If the same family chose a refinanced mortgage at a typical rate of 2.7%, will cost about $800 in interest and will take slightly more than five years to pay off.

This difference becomes even starker with lower monthly payments. A line of credit at $100 + inflation per month will run the family $6000 in interest over 15 years, while the same with mortgage refinancing will cost about $2000 over 11 years.

Mortgage refinancing is the most affordable way to pay for home repairs. Contact Northwood Mortgage to consider your options.

source: northwoodmortgage.com

What the Pope can do

 
In the Philippines, Pope Francis will have the mother of all pulpits.
 
He will surely use it to convey words of comfort for the afflicted. But will he also have a message that will shake up the comfortable, even a gentle prick of the conscience that will recognize the deep social injustices afflicting the only Catholic nation in Asia?
 
Most of the world already knows better than to expect only soothing sentiments from this pontiff. Of course, few here expect the Christmas scolding he gave Vatican officials for "arrogance" and "hypocrisy," among other choice weaknesses. 
 
But he must know that he faces a rare opportunity to make a lasting impact on a country with structural inequities comparable to the worst in his native Latin America.
 
If he saw images from the latest Nazareno procession, he will be acutely aware that a lack of religious fervor is not one of our problems. What is glaringly obvious is that our society does not practice what has been preached by many generations of priests on our shores.
 
It's interesting that he chose to combine Sri Lanka and the Philippines in a single trip: the former has a Catholic minority and will treat him not much differently from any popular head of state. Then he flies to the Philippines, where he will have a sense of what the Second Coming could be like.
 
The first Jesuit Pope will not be content with bringing inspiration. He wants to get stuff done. There are indications that climate change and poverty will be his major themes, especially when he visits Leyte and survivors of Typhoon Yolanda.
 
What many papal observers await is how he will frame his message. He has denounced the worst effects of capitalism, evident in what is happening to the planet and the world's poor. But will the Philippines be merely a showcase of the fate of others if they do not heed his call to address these twin ills?
 
Or will he inspire Filipinos to do more than seek his blessings and to solve worldy problems in our backyard?
 
Nearly everyone I've spoken with about the papal visit has a wish list for what can be done during this historic event. Some of my favorites;
 
1. Denounce torture by the state, which the Pope's own country Argentina has had to struggle to overcome. The Philippine police, the same force that the Pope will see protecting him in large numbers, is notorious for its abuse of ordinary citizens, with torture a common occurrence and occasionally a form of entertainment, as an Amnesty International report asserted late last year. No police officer has yet been convicted of torture.
 
2. Admonish erring priests, apologize on their behalf and call for their punishment. It could very well be that our culture of impunity is rooted in the socially influential, such as men of the cloth, being above the law. 
 
3. "Be more scientific." In addition to trusting in God, the Pope can urge Filipinos to trust in education and our own drive to deal with our problems. It's pointless to blame God for disasters; He gave us the will and mind to adapt and mitigate. As the Pope himself has said, "God is not a magician with a magic wand." A believer in evolution and the Big Bang theory, Pope Francis is a model for how to be a man of science and a man of faith at the same time. 
 
4. "Clean as you go." As he prepares a major encyclical this year on the environment, the "green pontiff" can demonstrate his moral power before the multitudes in Luneta. The papal crowd need not be like the Nazareno crowd or any other large public gathering in the Philippines. It can refrain from leaving garbage, now and forever. 

source: gmanetwork.com

Tuesday

Francis, the revolutionary pope

 
It’s less than a week before Pope Francis steps foot in the Philippines to visit Yolanda survivors and other members of the Filipino faithful. Before his historic visit, GMA News Online looks back at why the Pontiff—the first Jesuit and the first non-European and Latin American pope in 1,300 years—is shaping up to be a revolutionary leader of the Catholic Church. 
 
Before he became Pope Francis, the pontiff was Cardinal Jorge Mario Bergoglio of Argentina, the son of a rail worker father and a housewife mother. He led a simple life as the Archbishop of Buenos Aires before he was elected to the papacy in March 2013. 
 
Moments after his election, Pope Francis made history by taking on the name Francis, after Saint Francis of Assisi, who was known to have shunned wealth to live in poverty.
 
Throughout his almost two-year leadership, Pope Francis has proven to be a pope to watch, one that has breathed life back into a tired church with his views on controversial issues, including the treatment of gays and lesbians, evolution, divorce and others.
 
LGBTs should be respected
 
In a remarkable change from his predecessor Benedict, who said homosexuality was an intrinsic disorder, Francis said that when homosexuals told him they were always condemned by the Church and felt "socially wounded," he told them "the Church does not want to do this."
 
Pope Francis defended gays from discrimination by saying he was in no position to judge members of the Lesbian, Gay Bisexual and Transgender community.
 
"If a person is gay and seeks God and has good will, who am I to judge him?" the pope said.
 
"The Catechism of the Catholic Church explains this very well. It says they should not be marginalized because of this (orientation) but that they must be integrated into society," he said in 2013.
 
However, the Pope also referred to the Catholic Church's universal Catechism, which says that while homosexual orientation is not sinful, homosexual acts are.
 
"The problem is not having this orientation. We must be brothers. The problem is lobbying by this orientation, or lobbies of greedy people, political lobbies, Masonic lobbies, so many lobbies. This is the worse problem," he said.
 
Evolution not in contradiction with God
 
Another issue where Pope Francis diverted from the longtime stance of the Catholic Church is on the topic of evolution.

In October of last year, Pope Francis embraced evolution and said the Big Bang Theory is not at odds with God’s teachings.
 
Addressing a meeting of the Pontificial Academy of Sciences, an independent body housed in the Vatican and financed largely by the Holy See, Francis said scientific explanations for the world did not exclude the role of God in creation.
 
"The beginning of the world is not the work of chaos that owes its origin to something else, but it derives directly from a supreme principle that creates out of love," he said.
 
"The 'Big Bang', that today is considered to be the origin of the world, does not contradict the creative intervention of God, on the contrary it requires it," he said.
 
"Evolution in nature is not in contrast with the notion of [divine] creation because evolution requires the creation of the beings that evolve," the pope added.
 
Abortion still horrific
 
Yet while he has embraced views that some may call revolutionary for the 2,000-year-old Catholic Church, there are some issues on which Pope Francis stays with the script. A notable issue which the Church has long condemned is the practice of abortion. 
 
Last year, Pope Francis, pushed by critics, called the act “horrific.”
 
"It is horrific even to think that there are children, victims of abortion, who will never see the light of day," he said in a section of the speech about the rights of children around the world.
 
Abortion, he said, was part of a "throwaway culture" that had enveloped many parts of the world.
 
"Unfortunately, what is thrown away is not only food and dispensable objects, but often human beings themselves, who are discarded as unnecessary," he said.
 
Moral renewal
 
Pope Francis has also proved that he was not immune to criticizing those in his backyard. In his New Year’s message, Pope Francis cited the need for moral upheaval in Rome and in the Vatican itself.
 
The Curia needs to change, to improve ... a Curia that does not criticize itself, that does not bring itself up to date, that does not try to improve, is a sick body," the Pope said.
 
Francis even went as far as to say that some in the Curia acted as if they were "immortal, immune or even indispensable," an apparent reference to retired cardinals who remain in the Vatican and continue to exert influence.
 
With all of his pronouncements that have brought the Catholic Church into the light of the 21st Century, it’s no wonder the world’s Catholics have embraced Francis as the “people’s pope.” KG, GMA News
 
source: gmanetwork.com

Monday

Google Chrome to support emojis on OS X soon

 
Mac users, rejoice! Emoji support is soon coming to Google's Chrome browser for the OS X platform.
 
A report on The Next Web said Google has fixed a years-old bug in Chrome that prevented emojis from displaying on Apple computers.
 
"Emoji support has landed in the latest developer builds of Chrome for OS X, meaning that emoji can be seen on websites and be entered into text fields for the first time without issues," it said.
 
The Next Web said the bug was fixed as early as Dec. 11, and was tested recently in Canary, Chrome's early testing channel.
 
Canary, however, may not be for everyone as its experimental features could render it unstable for everyday use.
 
"From there, we can expect it to move to the consumer version of Chrome in coming weeks," TNW said.
 
Emoji could already be displayed on Safari, OS X's built-in browser. — Joel Locsin/TJD, GMA News
 
source: gmanetwork.com

With humor and humility, George Clooney accepts lifetime Golden Globe


LOS ANGELES - When actor-director George Clooney accepted his lifetime award at Sunday's Golden Globes awards, he used his acceptance speech to both put the value of awards in perspective and voice his support for the victims of the deadly attack on French newspaper Charlie Hebdo.

"Today is an extraordinary day," Clooney said as he accepted his Cecil B. DeMille award recognizing his work as actor, filmmaker and activist.

"Millions marched not only in Paris but all around the world, and there were Christians and Jews and Muslims, leaders of countries all over the world, they didn't march in protest, they marched in support of the idea that we will not walk in fear. Je suis Charlie."

Clooney, 53, who wore a "Je Suis Charlie" lapel pin, demonstrated self-deprecation in his acceptance speech, poking fun at himself for having lost more Globes than won.

"If you're in this room, you've caught the brass ring, you get to do what you've always dreamed to do and be celebrated, and that ain't losing," he said.

Clooney, who has starred in films including "Oceans Eleven," "Syriana" and "The Descendants," paid tribute to late stars Lauren Bacall and Robin Williams, saying "I have no idea what hardware Robin Williams took home but I sure remember 'Carpe diem.'"

He also quipped about the backbiting emails that leaked when Sony Pictures was hacked, encouraging everyone to make amends, and the unfavorable reviews for his 2014 film, "Monuments Men," joking: "I'll get you back."

All eyes were on the actor and his new wife Amal as they made their red carpet debut as a married couple on Sunday.

"It's a humbling thing when you find someone to love, and even better when you've been waiting your whole life," a choked-up Clooney said on stage to his wife.

"Amal, whatever alchemy it is that brought us together, I couldn't be more proud to be your husband."

Earlier in the night, stars such as Jared Leto, Helen Mirren, Joshua Jackson and Diane Kruger also voiced support for the Charlie Hebdo victims, while Theo Kingma, president of Golden Globes organizers the Hollywood Foreign Press Association, made a poignant speech on stage.

"As international journalists we also understand the importance of freedom of artistic expression. Together we will stand united against anyone who would repress free speech anywhere, from North Korea to Paris," he said. — Reuters