Radio DJs weigh in on whether Yeezy's sixth studio album will make it on the airwaves.
By Rob Markman
Source: http://www.mtv.com/news/articles/1709443/kanye-west-yeezus-radio.jhtml
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A squeeze on credit in China that is rattling world markets appeared to ease slightly as a key interbank interest rate edged lower, prompting speculation the country's central bank may have intervened to calm ravaged nerves.
Analysts say the spike in the rates that banks charge each other for short-term borrowing is part of a deliberate, belated effort to trim off-balance-sheet lending that could threaten the financial stability of the world's second largest economy.
Coming at a time of deepening uncertainty over a slowdown in China's growth, though, the credit crunch is having an outsized impact on markets far beyond the Chinese mainland that already were jittery over U.S. plans for "tapering," or scaling back massive monetary easing as conditions in the U.S. improve.
But interbank lending rates play a less important role in China, where the one-year deposit benchmark rate is the key policy tool, than in the U.S. and Europe, says Yi Xianrong, an economist at the China Academy of Social Sciences in Beijing.
"If this same thing happened in Europe and America, the problem would be bigger, but in China it's not really a problem," Yi said.
The shift to a new generation of Chinese leaders appears to have freshened Beijing's resolve to tackle intractable hazards such as looming debts that are not reported on bank balance sheets but lurk throughout the country's murky, still developing financial system.
In a recent analysis, Moody's Investors Service noted that China's central government finances remain strong, but that rapid credit growth and liabilities at the local level pose a threat to growth.
The People's Bank of China generally does not comment on its market activities. The interbank lending rate fell from 11.65 percent to about 10.21 percent by midday Friday, according to the National Interbank Funding Center in Shanghai.
The rate spiked at over 13 percent on Thursday, while charts for other interbank short-term rates show an abrupt, nearly 90 degree rise in recent days, from below 5 percent.
"It's not just a short-term thing. It's an intentional policy to try to crack down on the high amount of leverage in the economy," said Rob Subbaraman, chief Asia economist for Nomura, in Hong Kong.
The worries over China have accentuated volatility already prevailing in the markets.
Share prices fell overnight in the U.S. and were mostly lower Friday in Asia, while the mainland's main benchmark, the Shanghai Composite Index, fell 0.5 percent to 2,073.09.
The short-term liquidity squeeze may take a bite out of already slowing lending. But the global economy and even China's big, cash-rich state banks are unlikely to be severely affected.
China's growth is still likely to remain in the 7 percent to 8 percent realm, robust by most standards, though global markets are still adjusting to that reality, says Daniel Martin, an economist with Capital Economics.
"We don't believe in the China crash story," he said.
The Bank of China, one of China's big four state-owned commercial banks, issued a statement late Thursday denying media reports of rumors it had defaulted on some repayments, contributing to the spike in interbank rates. The bank said that as of Thursday evening all of its payments due had cleared.
China's biggest bank, Industrial and Commercial Bank of China, likewise issued a statement denying it was facing a liquidity crisis.
Still, the lack of cash will likely slow lending by even those big banks. And it is a problem for smaller Chinese banks and trust companies, private businesses and even smaller state-owned enterprises that may have built up significant debt in the easy money years since recession-fighting stimulus was unleashed into the economy in 2009.
Bank analysts do see risks for meeting repayment obligations for popular wealth management products that are not subject to government interest rate controls and thus offer higher returns than usual bank deposits.
More than 1.5 trillion yuan ($245 billion) of such assets are expected to mature in the last 10 days of June. That will push up demand for cash and thus keep rates high, Fitch Ratings analyst Charlene Chu said in a report Friday.
The share of wealth management products in total deposits ranges from about 10 percent for state-owned banks to up to 30 percent for smaller lenders, she estimates.
"The Chinese authorities have the ability to address the liquidity pressures, but their hands-off response to date reflects in part a new strategy to rein in the growth of shadow financing," said Chu, who has been warning for years of the risks from off-balance sheet debts.
The closing of the credit spigot could have a domino effect, warns Zhou Dewen, chairman of the Wenzhou SME Development Association, which represents private businesses in Wenzhou, a bastion of entrepreneurship in southeastern China.
"The rate of bad loans has kept rising and liquidity is getting even tighter. This capital chain reaction could break some companies, and it will get even worse in the second half of the year," Zhou said in a phone interview.
But other experts see the move to crack down on excess leverage as an overdue and necessary effort to address structural problems in China's state-dominated economy.
Since China's big, state-owned banks are unwilling to lend to any but their biggest, most influential clients, the vast majority of smaller businesses must rely on so-called shadow banking, which in China includes underground banking, trust products and wealth management products, among other activities.
"Recently, shadow banking has been difficult to deal with," said Yi of the Chinese Academy of Social Sciences, explaining that the central bank mainly is working to curb speculative dealings.
"The central bank does not really need to do anything," he said. "If I were the central bank, I would more heavily punish the rampant shadow banking activity among small and medium banks. In the short term, there is no need to make too large a move."
___
Researchers Fu Ting in Shanghai and Zhao Liang, Yu Bing and Flora Ji in Beijing contributed to this report. Kurtenbach reported from Tokyo.
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Dear reader, before I tell you how much I enjoyed director Zack Snyder?s ?Man of Steel,? let me save you a few bucks. Skip the 3-D version. Virtually ineffectual, I suspect whatever afterthought process they employed proved a Kryptonite to the film?s color quality. That noted, be aware that I have never been so sure that Superman indeed exists.
Embodied in appearance and moral stature by handsome Henry Cavill, the origins and lore of the title character are entertainingly retold, thrillingly reminding us why we?ve become so enamored of the famous American legend in the first place. He showcases it with aplomb: X-ray vision, great feats of strength and, oh my, the flying was never better.
It may be a bit of an oxymoron, but the comic book hero created in 1933 by high school students Jerry Siegel and Joe Shuster now gets his most realistic interpretation, and yet happily doesn?t relinquish the great fantasy and hope that shape the core of his essence. Most of all, he is good, a beacon of honesty and compassion that can sure comfort a kid.
As this latest exploit unfolded, I joyfully remembered poring over the avalanche of back issue D.C. Comics in Norman Ginsberg?s basement, surely the greatest such repository in the Western World. Doubtless, today its contents would rival civilization?s great fortunes. We?d read and read, occasionally interjecting with supposition, inquiry and pontification.
Of greater ecstasy, though, which this film permutation reminds of most, was getting the very latest issue of Superman when it arrived at Krupman?s candy store (Krupmans large and small lived in the back). It was a dime. You could get two Hershey bars for that. And it felt thin, not yet transformed to the eternally thumbed-through heft of its predecessors.
Nonetheless, this early acquaintance with extravagance was exhilarating. I rubbed my palm across the sleek cover, held it up to smell its freshness before imbibing, and then hesitated yet another moment, as if saving a special morsel on my dinner plate for last?knowing that the sooner I started, the sooner all this great preciousness would end.
Thus, I posit, director Snyder and Mr. Cavill?s newest Superman manage to tell not only the glory of one who could give all the world?s evildoers a good what for, but also make that personal connection to us. There is an extra touch of class behooving the superhero emeritus, the one who would instate the genre and pave the way for all other superheroes.
Moving to and fro across the time continuum, from Superman?s birth on the dying planet of Krypton, where scientist dad Jor-El (Russell Crowe) launches baby Kal-El to his date with destiny on Earth, to his current exploits, Mr. Snyder weaves his tale well. Metaphors
and references smartly set up the flashbacks and fast forwards, and populate the scenario.
But, just to be sure it also pleases those who couldn?t care less about any of that legacy stuff, ?Man of Steel? doesn?t take a backseat to any FX extravaganza on the big screen today. Krypton exile General Zod, as worthy a villain as Superman is a savior, isn?t very happy about Kal-El?s smuggled departure. This makes for galactic battle scenes galore.
Played by Michael Shannon, the Machiavellian general, a colleague of Jor-El?s before Krypton?s sad fate caused a difference of opinion, is into the super stuff, too, as in super race and Krypton ?ber alles. For complex DNA reasons having to do with a MacGuffin known as the Codex, his imperialistic aims require Superman be extricated from Earth.
Hence, though the screenplay nicely iterates all the trials and tribulations of growing up with and learning to handle one?s extraordinary powers?which I?m sure we can all relate to?Zod?s incursion represents Superman?s trial by fire. Exhilarating, it smartly mixes with heady polemical ruminations about the eternal war between democracy and fascism.
And, lest we forget many an American adolescent?s earliest encounter with romance, Amy Adams?s winsome yet gutsy Lois Lane vibrantly enters stage right. Nicely woven into the fabric of what is essentially an allegory about immigration and attitudes thereof, she?ll ensure that the super refugee is familiarized with our real national pastime.
Among other personae vital to Superman?s education, Russell Crowe is strong as his biological dad; Diane Lane and Kevin Costner are touching as Smallville?s Ma and Pa Kent, respectively; and, teaching our man that what doesn?t kill you makes you stronger, alluring Antje Traue is a force to be contended with as Zod?s henchwoman, Faora-Ul.
This all makes for a fine time at the Bijou, but not just because of the adventure or clever scripting. It?s the iconically American subtext. While we have no equivalent of the Iliad to extol our ethos save for patriot Joel Barlow?s (1754-1812) never popularly embraced ?Vision of Columbus,? ?Man of Steel? gloriously and intelligently celebrates our mettle.
?
?Man of Steel,? rated PG-13, is a Warner Bros. release directed by Zack Snyder and stars Henry Cavill, Amy Adams and Michael Shannon. Running time: 143 minutes
Source: http://njtoday.net/2013/06/20/movie-review-man-of-steel-is-appropriately-super/
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June 20, 2013 ? A student who shows up on time for school and listens respectfully in class might appear fully engaged to outside observers, including teachers. But other measures of student engagement, including the student's emotional and cognitive involvement with the course material, may tell a different story -- one that could help teachers recognize students who are becoming less invested in their studies, according to a new study coauthored by a University of Pittsburgh researcher.
More importantly for educators, the study, published online in the professional journal Learning and Instruction, suggests that student engagement -- essential for success in school -- is malleable, and can be improved by promoting a positive school environment. The result paves the way for future work to offer teachers diagnostic tools for recognizing disengagement, as well as strategies for creating a school environment more conducive to student engagement.
"Enhancing student engagement has been identified as the key to addressing problems of low achievement, high levels of student misbehavior, alienation, and high dropout rates," said Ming-Te Wang, assistant professor of psychology in education in the School of Education and of psychology in the Kenneth P. Dietrich School of Arts and Sciences at Pitt, who coauthored the study with Jacquelynne S. Eccles, the Wilbert McKeachie and Paul Pintrich Distinguished University Professor of Psychology and Education at the University of Michigan.
"When we talk about student engagement, we tend to talk only about student behavior," Wang added. "But my coauthor and I feel like that doesn't tell us the whole story. Emotion and cognition are also very important."
Wang and Eccles' study is among the first attempts by researchers to use data to explore a multidimensional approach to the question of student engagement. In the past, only behavioral measures of student engagement -- such as class attendance, turning in homework on time, and classroom participation -- had been evaluated when gauging student engagement. By conducting a study linking students' perceptions of the school environment with behavior, the authors have provided one of the first pieces of empirical research supporting the viability of the multidimensional perspective, which had previously been largely theoretical.
The researchers designed a 100-question survey that includes the evaluation of emotional engagement and cognitive engagement. Sample survey questions that tested emotional engagement in classes across all subject areas asked students to agree or disagree with statements such as "I find schoolwork interesting" and "I feel excited by the work in school." Sample questions concerning cognitive engagement asked students to provide ratings to questions like "How often do you make academic plans for solving problems?" and "How often do you try to relate what you are studying to other things you know about?"
Using the survey, Wang and Eccles conducted a two-year longitudinal study, tracking approximately 1,200 Maryland students from seventh through eighth grade. The authors also measured students' perceptions of their environment by having them answer questions in five areas: school structure support, which gauged the clarity of teacher expectations; provision of choice, which assessed students' opportunities to make learning-related decisions; teaching for relevance, which evaluated the frequency of activities deemed relevant to students' personal interests and goals; students' perceptions of the emotional support offered by teachers; and students' perceptions of how positive their relationships were with fellow students.
The authors found that students who felt that the subject matter being taught and the activities provided by their teachers were meaningful and related to their goals were more emotionally and cognitively engaged than were their peers. Adding measures of emotional and cognitive engagement could broaden researchers' perspectives on student engagement in future work in this area.
Also among the paper's main findings is that the school environment can and, indeed, should be changed if it is impeding student engagement. A positive and supportive school environment is marked, Wang said, by "positive relationships with teachers and peers. Schools must provide opportunities for students to make their own choices. But they also must create a more structured environment so students know what to do, what to expect, from school." Wang also noted, however, that there is no "one size fits all" strategy to the problem of student engagement.
"Usually people say, 'Yes, autonomy is beneficial. We want to provide students with choices in school,'" Wang said. "This is the case for high achievers, but not low achievers. Low achievers want more structure, more guidelines."
As a result, Wang said, teachers must take into account individual variation among students in order to fulfill the needs of each student.
Wang's current work, undertaken in partnership with six Allegheny County school districts, focuses on developing a diagnostic tool that teachers can use to identify students who are disengaged from school, with a specific emphasis on math and science classes.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/most_popular/~3/jF-qLxjHgqg/130620162844.htm
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By Keith Coffman
DENVER (Reuters) - Three wildfires sparked by lightning raged out of control in rugged Colorado mountain terrain on Friday, prompting the evacuation of two towns and menacing a third.
The West Fork Fire Complex - consisting of two separate fires in Rio Grande County in southern Colorado - forced 600 residents of South Fork to flee as high winds helped the blazes grow from 12,000 acres to 30,000 acres overnight.
"The fire behavior we saw yesterday was so extreme, it was ... unprecedented," said Eric Norton, a fire behavior analyst with the National Incident Management Organization.
A smoke plume from the blazes billowed 30,000 feet into the air, and firefighters reported 100-foot (30-meter) flames.
A string of fires have claimed at least two lives, charred hundreds of square miles and torched hundreds of homes across the western United States and in Alaska, which is baking in a heat wave.
The blazes, coming just as firefighters near Colorado Springs have contained the state's most destructive wildfire on record, underscore concerns that prolonged drought conditions in the West could intensify this year's fire season.
Much of Colorado is on high fire alert for the next several days due to heat, low humidity and strong winds, the National Weather Service said.
Fire spokeswoman Betsy Coffee said firefighters were deployed around South Fork to prevent flames from entering the community. Aerial crews were attacking the blazes with fire retardant and water drops.
Farther east in Huerfano County, a wind-driven blaze forced the evacuation of about 800 residents of the town of La Veta. The fire was bearing down on Walsenburg, a community of 3,000.
Another Huerfano County fire that forced about 200 people to flee a Boy Scout camp this week has grown to 9,100 acres and destroyed nine structures and four outbuildings, fire officials said.
In Arizona, officials said more than 600 firefighters continued to make progress against a blaze that forced the evacuation of 465 homes near the city of Prescott, about 100 miles north of Phoenix. No structures have been lost.
The Arizona fire, which is 10 percent contained, has claimed 6,732 acres of bone-dry chaparral and pine forests since it broke out on Tuesday.
(Editing by Cynthia Johnston and Xavier Briand)
Source: http://news.yahoo.com/raging-colorado-arizona-wildfires-prompt-evacuations-012326868.html
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TEHRAN, Iran (AP) ? Iran's state TV says the country's navy has detained 13 fishermen from two United Arab Emirates vessels after they trespassed into what the report said were Iranian territorial waters.
The Thursday report by Iran's English-language Press TV quotes Col. Ali Vesali, base commander on Abu Musa Island, as saying 12 of the fishermen were Emirati and one was Indian.
He said Iranian forces seized the fishermen's two vessels as well. The report did not say when the arrests took place, or give an exact location.
Iran has controlled Abu Musa Island in the mouth of the Persian Gulf since 1971. The UAE disputes Iran's ownership.
Iran and its Arab neighbors in the Persian Gulf periodically detain each other's fishing vessels for having allegedly entered into their territorial waters.
Source: http://news.yahoo.com/report-iranian-navy-detains-uae-fishermen-193928260.html
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