Tuesday, 23 April 2013

Stocks briefly drop, recover, on fake AP bomb tweet

NEW YORK (AP) -- The stock market briefly dropped, then recovered, after the Associated Press' Twitter account was hacked and a fake tweet about an attack on the White House was posted.

The AP released the following statement at 1:12 p.m.: "The (at)AP twitter account has been hacked. The tweet about an attack at the White House is false. We will advise more as soon as possible."

The Dow Jones industrial average fell more than 150 points after the fake Twitter posting, then quickly recovered.

Other markets also reacted to the fake posting.

The price of crude oil fell, then rose back. The yield on the benchmark U.S. government bond, the 10-year Treasury note, briefly dropped as traders shifted money into low-risk investments.

The turmoil lasted for about five minutes. By about 1:13 p.m., stocks, bonds and crude oil were all trading about where they were before the fake tweet was posted.

The stock market started higher Tuesday following strong earnings across a range of U.S. industries. Makers of handbags, jet planes and chemical products all turned in good results for the first quarter, reviving investors' confidence after a sharp downturn in the stock market last week.

Coach, Lockheed Martin, DuPont and Travelers were among the winners after they reported results that were better than analysts expected. The Dow Jones industrial average and the Standard & Poor's 500 index both rose nearly 1 percent in morning trading, putting them on track for a third straight day of gains.

A resurgence in corporate profits after the Great Recession has been one of the drivers that pushed both the Dow Jones industrial average and the Standard & Poor's 500 index to record levels this year. However investors are starting to question how much further company earnings can improve without the outlook for growth in the global economy improving as well.

Tuesday's upturn in stocks put both indexes back in the black for April and closer to the record high closes they reached on April 11. It was a sharp change of tone from last week, when the market had its worst drop since November. That sell-off started after economic growth in China, the world's second-largest economy, slowed.

So far, about 70 percent of the companies that reported earnings for the first quarter have beaten analysts' expectations, better than the 10-year average of 62 percent, according to data from S&P Capital IQ. Analysts currently expect earnings to rise by 2.1 percent in the first quarter, compared with 7.7 percent growth in the previous three-month period.

Netflix soared 25 percent to $219 after reporting a big gain in subscribers in the first quarter late yesterday. Coach, which makes Luxury handbags and other accessories, soared 11 percent to $56.44. Lockheed rose 2 percent to $97.25. DuPont and Travelers each rose 3 percent, to $51.88 and $86.88.

The Dow was up 123 points at 14,691 as of 1:45 p.m. The S&P 500 was 14 points higher at 1,576. Both indexes are 1 percent below their record high closes from nearly two weeks ago.

The Nasdaq composite rose 34 points to 3,267.

Crude dropped about 60 cents after the fake tweet, to $88.40 from $89, then quickly recouped that loss. At 1:45 it was down 22 cents to $88.98

The yield on the 10-year Treasury note was 1.70 percent, unchanged from late Monday.

Apple, the biggest component in the index, reports earnings after the market closes. Apple has lost 23 percent of its value this year. Investor worry that demand for the iPhone is waning as competitors like Samsung sell more smartphones. It stock was up 2 percent at $405.

Source: http://news.yahoo.com/stocks-briefly-drop-recover-fake-172814328.html

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Boston attack weighs on immigration

Tamerlan Tsarnaev waits for a decision during the 2009 Golden Gloves National Tournament??The immigration status of the Boston bombings suspects may become a stumbling block for a new bill that seeks to legalize nearly 11 million immigrants and increase the number of legal immigrants to the United States.

Opponents of the bill?which was crafted by a bipartisan "Gang of Eight" in the Senate?and even some supporters, say the process of reforming the country's immigration system should be stalled until all the facts about the suspects' interactions with the immigration system are known.

Both Dzhokhar and Tamerlan Tsarnaev, the two brothers accused of the Boston Marathon bombings, emigrated to the United States legally from Russia as refugees a decade ago when they were children. The Tsarnaev family, which is ethnically Chechen, was granted asylum because it feared persecution in its home country, according to media reports.

Tamerlan's application for citizenship was put on hold in 2012 by the government, because he had been questioned by the FBI at the request of the Russian government for possible ties to Chechen terrorism, the New York Times reported. Dzhokhar's citizenship application was approved, and he naturalized in 2012.

At a Senate Judiciary Committee hearing over the bill on Tuesday, Homeland Security Secretary Janet Napolitano defended immigration officials' handling of the Tsarnaevs, saying the process for granting asylum is rigorous.

"In the past four years we have increased both the number and the coverage of the vetting that goes on," Napolitano said. As things currently stand, she noted, those who seek asylum must go through multiple screening interviews and submit biometric data to be checked across government databases. If granted asylum and legal status, immigrants must go through two more interviews if they want to become citizens when they become eligible five years later.

(Asylum applicants must show that they face government-sanctioned persecution in their home country stemming from their race, religion, nationality, political views or membership in a particular social group.)

Napolitano argued that the immigration reform bill would make the country safer because the estimated 11 million undocumented immigrants in the country would be brought "out of the shadows" and screened. The bill requires immigrants to pass a background check before they are eligible for temporary legal status. They must pay fines and back taxes and enroll in English classes to gain permanent legal status.

Opponents of the immigration bill have argued that the Tsarnaevs' alleged crime suggests that the current immigration system is unable to weed out potential terrorists, and that the process of crafting the bill should be slowed down to address that. If the bill is stalled until next fall, opponents hope it will be close enough to the next election that on-the-fence lawmakers will withdraw their support, effectively killing the bill. President Barack Obama has said he hopes the bill will pass this summer.

Kansas Secretary of State Kris Kobach, one of the most prominent opponents of legalizing immigrants, said at Monday's Senate Judiciary Committee hearing that the legalization process in the bill could present a national security threat.

"The background checks in this bill are insufficient from preventing a terrorist from getting amnesty," Kobach said.

Supporters of the immigration reform bill say the argument is a specious excuse to delay the legislation.

"Unless we are able to design an immigration background check that can get into the minds of people and predict the future, then we won't be able to solve problems like this through immigration screening alone," said Lynn Tramonte of America's Voice, a pro-immigration advocacy group.

It's also unclear how the immigration system could have known what two children seeking asylum with their family would do 10 years later.

But even some lawmakers who have indicated their support for the bill have raised concern about the Boston suspects.

Sen. Rand Paul of Kentucky, who has been a vocal supporter of immigration reform, wrote in a letter to Majority Leader Harry Reid that the immigration reform process should stop until all the facts are known about the intersection between the immigration system and the Tsarnaev brothers.

"Why did the current system allow two individuals to immigrate to the United States from the Chechen Republic in Russia, an area known as a hotbed of Islamic extremism, who then committed acts of terrorism? Were there any safeguards? Could this have been prevented? Does the immigration reform before us address this?" Paul asked.

He said Congress should debate whether immigrants from "high-risk" nations should face more "scrutiny" and whether student visas for people from certain "high-risk" countries altogether should be discontinued.

Sen. Dan Coats, R-Ind., said on ABC on Sunday that he hopes lawmakers will put the immigration debate "on hold" because of the bombing.

Roy Beck of NumbersUSA, a group that opposes illegal immigration and wants to dramatically lower rates of legal immigration, said he thinks it's significant that Paul and Coats have called for slowing down the bill.

"The Boston bombing gives them a little more of a public reason to try to get this to slow down," Beck said.

If the bill is delayed until the fall, Republicans and red-state Democrats might think it is too close to election season to support it, Beck predicts.

Source: http://news.yahoo.com/blogs/ticket/bombing-suspects-immigration-status-emerges-reform-bill-talks-160951186--election.html

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Collection of the Week: Eco-Friendly Homes - Redfin Real Estate Blog

In honor of Earth day, Redfin released a ranking of the country?s top 10 cities with the greenest homes. The analysis looked at each city?s overall carbon dioxide emissions, as well as the number of homes currently for sale that have ?green? features or eco-friendly ratings. The Redfin Collection called ?Eco-Friendly Homes? showcases a variety of green homes in these cities and in others across the nation. Below are our favorite green homes in each of the Top 10 cities:

San Francisco, CASan Francisco Green Home

467 Duncan St., San Francisco, CA
List Price: $1,895,000
Beds: 4
Baths: 3
Listed by: Whitney Davis, Zephyr Real Estate

This unique home is situated on the top of the Noe Valley, just outside downtown San Francisco. Designed by famed architect Michecl Logue, it features many one-of-a-kind details and is built with sustainable materials including reclaimed timber and copper plates on the exterior, pebbled stone floor inlays, and concrete fireplaces and countertops. The home is solar powered and is ?the perfect marriage of tradition and innovation,? says Logue.

Washington D.C.Washington DC Green Home

627 Regent Pl NE, Washington D.C.
List Price: $684,900
Beds: 3
Baths: 2.5
Listed by: Preston Innerst, EYA Marketing, LLC

These Chancellor?s Row Townhomes, located in Washington DC, are just minutes from the Brookland Metro station and are designed by EYA, a sustainable development company that focuses on building innovative urban communities. ?These townhomes boast amenities like rooftop decks, garage parking, and lots of nearby green space, and they are built sustainably to LEED standards. As an added bonus, all residents receive training on how to make the most of their home?s energy saving features.

Sacramento, CASacramento Green Home

4132 T St, Sacramento, CA
List Price: $895,000
Beds: 4
Baths: 4
Listed by: Michael Triglia, BHG Mason-McDuffie Real Estate

This Elmhurst bungalow in Sacramento has been updated with numerous environmentally friendly and cost-saving features throughout the home. The house has a photovoltaic solar system that provides 50 percent of the home?s energy use. The home also has a tank-less water heater, dual pane windows, a whole house fan for energy-efficient circulation and a skylight to let in natural light.

Boston, MABoston Green Home

141 Dorchester Ave #118, Boston MA
List Price: $669,000
Beds: 1
Baths: 1
Listed by: Less Arnold, Gibson Sotheby?s International Realty

This luxurious condo is tastefully appointed with designer details and it?s environmentally friendly too! Built with sustainable and stylish features like bamboo floors and energy saving lighting, the condo is also located in Boston?s first LEED certified residential Green Building, The Macallen. Built in 2007, this initiator of the green movement was a shining example of form meets (green) function.

Portland, ORPortland Green Home

3610 SE Haig, Portland OR
List Price: $539,900
Beds: 4
Baths: 2.5
Listed by: Amanda Andruss, Renaissance Development Corp.

This LEED certified home located in Southeast Portland is in the popular Richmond neighborhood. It is a newly built LEED certified home with vintage finishes and numerous green features. All of the appliances in this new home have earned the Energy Star label. The home also has a tank-less hot water heater and forced air heating, which is 90 percent energy efficient. The home is built by a local developer known for their energy efficient properties throughout the city.

Philadelphia, PAPhiladelphia Green Home

2102 E Susquehanna Ave, Philadelphia, PA
List Price: $299,900
Beds: 2
Baths: 1
Listed by: Courtney Ludeman, Keller Williams Center City Realty

Located in the Fishtown neighborhood of Philadelphia, this townhouse was an attempt by Postgreen developers to prove that green construction can be affordable if properly designed and executed. It is LEED Platinum and Energy Star certified, and includes solar thermal hot water, rainwater collection on the roof, low-flow and dual-flush appliances and fixtures, and low or no-VOC finishes. The home has been featured in Dwell magazine, and has won local and state architecture awards.

Phoenix, AZPhoenix Green Home

20508 W Hamilton St, Buckeye, AZ
List Price: $324,455
Beds: 4
Baths: 2.5
Listed by: Janine Long, Meritage Homes of Arizona, Inc.

Located in Buckeye, a western suburb of Phoenix, this home is part of a new community called Verado, which is filled with eco-friendly homes. Each home has an Echo Solar system, which generates electricity for air conditioning and water heat. Additional energy-efficient features include spray foam insulation, ENERGY STAR appliances and thermostats, Low-E2 vinyl windows, and a SEER 14 heating, ventilation and air conditioning unit.

Los Angeles, CALos Angeles Green Home

990 Ocean Front, Laguna Beach, CA
List Price: $324,455
Beds: 4
Baths: 2.5
Listed by: Janine Long, Meritage Homes of Arizona, Inc.

This home sits right on the coast of Laguna Beach, outside of Los Angeles. It was designed by Mark Singer Architects and is LEED Platinum-certified, the first of its kind in Laguna Beach and on the California coastline. A home that achieves LEED certification has been designed to be energy efficient, resource efficient, and to maximize fresh air indoors. Eco-friendly features include solar panels, automated shades, and energy efficient Gaggenau appliances.

Seattle, WASeattle Green Home

2115 11th Ave W, Seattle, WA
List Price: $1,090,000
Beds: 3
Baths: 2
Listed by: Greg Sciborski, Windermere RE/Greenwood

This contemporary-style home is located in the Queen Anne neighborhood of Seattle. It has many eco-friendly features, including a 1,400 gallon water reclamation/filter system, a green roof deck, heated floors, energy-efficient insulation, a solar hot water system, bamboo/cork flooring and a 16-foot sliding Nanawall that brings fresh air indoors.

Austin, TXAustin Green Home

100 E Vienna Dr, Hutto, TX
List Price: $520,000
Beds: 5
Baths: 4
Listed by: David Cavalier, Cavalier Real Estate

LEED Certification and Austin Energy 5 Star Green rating are in process for this home, located in the Austin suburb of Hutto, TX. The home features a water recycling system, rain water harvesting system, solar hot water heater, raised bed vegetable gardens, and native Texas landscaping to conserve water. It is located in Green Haven Ranch, a conservation-minded development. All homes in the community have green features and an acre of land.

Source: http://blog.redfin.com/blog/2013/04/collection-of-the-week-eco-friendly-homes.html?utm_source=rss&utm_medium=rss&utm_campaign=collection-of-the-week-eco-friendly-homes

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substance abuse in adolescence articles | Mental health articles

There is increasing evidence of a rise in substance abuse among British adolescents. A survey of British 15- to 16-year-olds found that almost half had tried illicit drugs at some time. While most children who experiment with illicit drugs do not go on to habitual abuse of drugs, the earlier the onset, the more persistent the habit becomes and some will become substance dependent as adults. While a proportion of illicit drug-abusing children go on to adult dependence, there are significant differences in the pattern of abuse among adolescents and adults.

Children with conduct disorders are more likely to misuse drugs. The risk is increased in children with conduct disorder and hyperactivity. Adult role models and peer group drug use have a strong influence on adolescent drug abuse. Inhaling organic solvents is particularly associated with adolescent abuse and social adversity. There is some evidence to suggest that multiple drug use is more common among adolescents than adults with an irregular pattern of abuse rather than chronic use. As a result, dependence among adolescents in relatively uncommon.

While substance misuse is more likely to respond to early treatment in adolescence, motivation in accepting treatment can be poor. It is often the concern of others which leads to referral. There is an increased risk of suicidal ideation and attempted suicide with children, not uncommonly first presenting following an episode of deliberate self-harm. Drug use is a major risk in completed suicide. Among adolescent females involved in drug misuse, affective symptoms are likely to be more common while, in males, conduct disorders predominate. As adolescent drug abusers do not readily present themselves for treatment, an assertive approach needs to be adopted usually involving other agencies such as probation, social services and education. Although alcohol dependence is uncommon, in cases where dependence has developed, detoxification is required. Detoxification for dependence on other illicit drugs follows the same programme as in adults. Individual counselling in primary care settings using the brief intervention techniques have shown significant reduction in alcohol misuse.

Family influences play a significant role in the onset and progression of drug misuse; and family therapy approaches using techniques such as the multi-dimensional family therapy have been shown to be beneficial. Group therapy involving peers based on the Alcoholics Anonymous model helps in providing support and relapse prevention.

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Source: http://www.mentalhealthmy.com/articles/substance-abuse-in-adolescence-articles.html

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