Tuesday, February 5, 2013

Buying What Buffett Sells? Sometimes It Works | Stocks ... - Minyanville

Editor's Note: This content was originally published on Benzinga.com by Gordon Wilcox.

With 13F filing season right around the corner, investors will once again be treated to a bevy of data regarding which stocks some of Wall Street's most famous names were buying and selling in the fourth quarter. This is also a time to remember the dichotomy presented by 13F filings.

Sure, it is useful to know that investing luminaries such as Bill Ackman, Warren Buffett and Carl Icahn initiated new positions and sold out of others in the prior quarter. Conversely, investors must remember that the copycat approach does not always work because there is a good chance the retail crowd will not be getting the same prices that the pros got. Frankly, there is a good chance retail investors opting to use 13F filings as a guide to finding winning stocks will pay more than pros did for the same names.

There is something else to note about 13F filings. That being the pros are not perfect. No one has a perfect batting average on Wall Street, not even the venerable Buffett, perhaps the greatest value investor of all-time. All of that is to say that just because a famed investor has parted ways with XYZ Corp. that does not mean shares of XYZ are not worth a look.

Believe it or not, some of the stocks Buffett's Berkshire Hathaway (NYSE:BRK.A) dumped or trimmed positions in during the third quarter of 2012 have taken off nicely since then. Some are still worth looking at, particularly for patient, dividend investors with longer-term time horizons. In no particular order:

Procter & Gamble (NYSE:PG): Berkshire trimmed its massive stake in the world's largest consumer products in the third quarter and Buffett said as recently as late October 2012 that his company had sold some P&G shares due to valuation.

Berkshire is still one of the largest P&G shareholders having held 52.7 million shares at the end of the third quarter, so it would not be accurate to say Buffett is bearish on the stock. However, newcomers to the stock have been rewarded as shares of P&G have surged almost 10 percent since early November.

What is interesting about P&G is not so much that investors could have done well by going the opposite way of Buffett. Rather, had investors played copycat to another noteworthy professional they would be sitting on impressive gains. Ackman's Pershing Square Capital Management boosted its P&G stake to 34.4 million shares during the third quarter.

Pershing Square's stake in P&G was revealed in July 2012 and for all the controversy Ackman finds himself in the middle of with Herbalife (NYSE:HLF), folks seemed to have forgotten that P&G has soared 19.5 percent since August. So even waiting a couple of weeks to follow Ackman into P&G was not a bad idea.

(See also: The One Question About Herbalife That Ackman Can't Answer)

Johnson & Johnson (NYSE:JNJ): It is not surprising that Berkshire trimmed its stake in J&J. Going back to 2011, Buffett was not a fan of the company acquiring Swiss medical-device maker Synthes for most shares. Acquisitions paid for in shares dilute current shareholders and J&J paid for Synthes with two-thirds stock and one-third cash.

Buffett did not idly criticize J&J. He put his money where his mouth is by reducing Berkshire's stake in the Dow (INDEXDJX:.DJI) component by 95 percent during the third quarter. Translation: A few years ago, J&J was one of Berkshire's largest equity holdings. Today, J&J is one of Berkshire's smallest stock holdings.

In mid-December, we predicted J&J would be one of the Dow's 2013 rebound candidates. That assessment has proven accurate as the shares are up 4.7 percent year-to-date.

An investor that bought the stock in say November 2012 upon learning Berkshire dumped most of its stake has earned 6.2 percent. Again, Berkshire selling most of its J&J stake does not mean J&J is a bad company. An AAA credit rating, $2.9 billion in cash and a five-decade dividend increase streak say otherwise.

Below, find some more great ETF and market content from Benzinga:

Herbalife, Nu Skin Drop After Post Says FTC Readying Probe

The Best and Worst Super Bowl Ads

Can Microsoft's Xbox 720 Withstand an Early Assault From Sony's PlayStation 4?

Twitter: @Benzinga

Benzinga Pro covers this and all market news in real time. Get your free trial?here.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Source: http://www.minyanville.com/trading-and-investing/stocks/articles/Buying-What-Buffett-Sells-investing-ideas/2/4/2013/id/47869

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Monday, February 4, 2013

Experts review Super Bowl's best ads

This ad aired during the first quarter of Super Bowl XLVII

By TODAY.com staff

More than just a contest of athletic might and coaching prowess, the Super Bowl is a test of the of the gladiators of advertising, and last night's was no exception. TODAY experts Donny Deutsch of Deutsch, Inc., Matt Miller of the Association of Independent Commercial Producers, and Laura Petrecca of USA Today weighed in with their picks for the best, the most strategic... and those that had less juice than the Superdome during a thirty-minute power outage.

When the lights were off during the outage, the broadcaster CBS didn't use any of the big budget ads slated to air, but CBS said they would honor their commitments to advertisers who paid an average of $4 million for a 30-second ad hit.

USA Today ran an ad meter that let viewers vote and rank their favorite ads and it generated some interesting results.

Budweiser: "Brotherhood"

This ad aired during the third quarter of Super Bowl XLVII.

Deutsch called it,?"A huge story well told"

Tide: "Miracle Stain"

?

This ad aired during the fourth quarter of Super Bowl XLVII.

?

"It's kind of just a wow during the game and it's not a car, not a technology," Deutsch said.

Dodge: "Farmers"

?

This ad aired during the fourth quarter of Super Bowl XLVII.

Chatter about this really exploded on Twitter and Facebook during the game.

Petrecca said "The imagery really stood out, great use of Americana."

Deutsch's take was,?"It's the same formula as the Chrysler ad [from last year],... you co-opt an essence and own it. You own what's great about farmers, and put it on a car."

Miller said, "There was a little bit of blowback because the brand took?an existing piece of art."

Doritos: "Fashionista Daddy"

?

This ad aired during the second quarter of Super Bowl XLVII.

?

Petrecca judged it: "Great funny punchline, they really nailed the consumer-created ad."

Jeep - "Whole Again"

This ad aired during the halftime of Super Bowl XLVII.

Deutsch: "I have an issue with this... it feels a bit exploitivive. Jeep with its heirtage in the military, to copt and own it, felt exploitive."

Miller: "We can all relate - too hard too strong - it is authentic."

Deutsch:?"But you're selling a car."

Miller: "I thought it could have gone to bigger places, felt like it could have done something core to the brand."

Which commercials do you think deserved the?Vince Lombardi trophy of advertising? Vote now in our online poll and make your voice heard.

Reuters contributed to this report.

Source: http://lifeinc.today.com/_news/2013/02/04/16836843-experts-pick-the-best-ads-of-the-super-bowl?lite

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Keira Knightley in Marie Claire: Gorgeous, Gushing Over Kate Middleton Baby

Source: http://www.thehollywoodgossip.com/2013/02/keira-knightley-in-marie-claire-gorgeous-gushing-over-kate-middl/

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Sunday, February 3, 2013

Will more research on violent video games unearth answers, or just ...

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Although it is becoming commonplace for politicians and others to blame violent video games for all the recent shooting tragedies, the truth is that there has not been any conclusive evidence linking the two. In fact, researchers like Dr. Kevin Williams think there is more to it.

The fallout from the tragic shooting rampage in Newtown, Connecticut will be with us for years. It has sparked several debates about the state of our society, uniting a large percentage of the of the nation against loose gun laws, while others seek to place the blame elsewhere. That includes a new surge of attention focusing on violent entertainment, with video games drawing a big bulls eye thanks in part to the National Rifle Association blaming games?(along with movies, music, natural disasters, celebrities, foreign aide, and President Obama)?for tragic events like the Sandy Hook Elementary shooting. And yet despite politicians like Rep. Diane Franklin (D-CA) stating that violent games cause diagnosable mental health conditions and Senator Lamar Alexander (R-TN)?claiming that video games are a bigger threat than guns, there?s no evidence linking violent games in any such capacity.

?Some studies have claimed they are measuring violence but I?m not sure I necessarily agree with their interpretation,? said Dr. Kevin D. Williams, Associate Professor of Communication at Mississippi State University. ?They may have a participant buzz another unfamiliar person with a loud blast of noise. They may have a participant fill out a questionnaire stating how that participant would punish someone in a hypothetical situation. Let?s be honest. At the heart of the situation is fear that a game player after playing a violent game would physically assault or perhaps kill another person. Noise blasts to a complete stranger or writing down a punishment to a fake situation doesn?t seem like a realistic measure of true violence.?

Williams is a leading expert in the field of the effects of video games. In 2006 he was honored with the Broadcast Education Association?s Best Doctoral Dissertation Award, in which he claimed that??The research suggests that frustration with game play may be a more important factor in inspiring violence than merely viewing graphic violence in the games,? Williams said.?

While there have been a lot of individual research studies done throughout the U.S. and around the globe involving video games and violence, there has thus far been no conclusive evidence linking the two. That?s one of the reasons Vice President Joseph Biden recently met with video game publishers and developers in Washington, D.C. in his effort to explore this topic. One issue with many politicians, including Biden, is that they?re very old, and certainly not gamers.

?I think a lot of the older legislators thought we had thoroughly explored the impact violent media had on viewers,? said Williams. ?In the past few decades there had been congressionally lead studies on the impact of violent movies and television on viewers. I believe those politicians had the misperception that games were just an extension of that. Games are much different in that they fully involve the player. The player in part generates the narrative and is responsible for what happens on the screen. It?s a different medium than movies or television and deserves to be studied and treated as such. I hope that younger politicians realize this. I also hope they put their money where their mouth is. Watching the Sunday morning talk shows, I hear a lot of politicians who want to blame the games more than the guns. I understand their argument, but are they willing to really fund and do the work now that they?ve pointed out the gorilla in the room??

But even more research isn?t likely to quell the debate. There have been plenty of studies over the years, but there are also those who are pushing their own agendas even within this research.

?As scientists we like to put these statistical limits on things as if one hundredth of a decimal point makes a concern valid or not,? said Williams. ?We?re too caught up in our own egos to see that perspective matters. Readers of violence research should be cautious and come to know not only the research being presented but the researcher as well. There are a lot of big personalities in this field. Some have staked their professional career on proving there is an effect. Some have staked their career on countering others? claims. Up and coming researchers like myself can get caught in the crossfire, having their work validated or invalidated because of who they quoted as opposed to the design of their research.?

One good thing that can come from the current media exposure around violent games is funding for more research. With the upcoming release of Rockstar Games? Grand Theft Auto V, there?s sure to be plenty of media attention around violent games throughout this spring, at least. Researchers believe more has to be done to explore violence in games, and that sentiment is shared by President Obama.

?Most of the video game studies are single exposure experiments,? said Williams. ?Participants play a game once and are then measured. Any effect they experience wears off quickly. We need more experiments that systematically investigate long term repeated exposure. Unfortunately, there is a lack of funds to do such experiments at most universities.?

Williams? research has focused on the moderators of violent video games. While he?s interested in the effects of violent video games on players, he?s more interested on the aspects of video games that could influence a violence effect. He most recently explored the impact Wii motion control games have on hostility. He found that the additional connection the gamer has with the avatar through motion controls does increase the hostility effect, but that?s different than enticing someone to go out and commit violent acts.

?I look at hostility because I feel we can accurately measure that and we also know that hostility is related to acts of violence,? said Williams. ?But it does not mean that hostility always leads to real violence. Overall, we see that hostility effects are small and short lived.?

One thing that has come up in the current debate is the role parents play in all of this. Gamers who are of age have a First Amendment right to play games and watch entertainment that they want. Gamers who don?t have children don?t want to be penalized for parents who don?t want to take an active role in their kids? lives.

?Parents play the most important role,? said Williams. ?We know from past research that the most likely predictor of whether someone is going to become violent later in life is their parents? view of violence. Was it a violent home? Was there domestic violence? Did the parents exemplify that violence solves problems? We all have that wall built up inside us, that wall that tells us to not take a swing at somebody when they treat you badly. That wall is built by religion and social rules, but most importantly, by parents. Can you know what media your child is engaging with at all times? No, media saturates our lives too completely, but parents must be vigilant as to knowing what media their children are consuming. Certainly there is no reason why a parent should not be investigating what games their child is asking them to buy. Popular games are not only filled with violence but also with sexuality and adult language. Retailers must also do a better job of restricting sales to minors when the games are not age appropriate. I know some businesses which do a wonderful job, but it needs to be more consistent across the nation.?

The good news for gamers who are worried about the political maelstrom is that not even The Terminator could ban the sale of ?offensively violent? video games to minors in California. Governor Arnold Schwarzenegger took his case against the Entertainment Software Association all the way to the Supreme Court and lost. Rep. Jim Matheson recently introduced a bill that would make it unlawful to sell or rent violent or Mature-rated video games to minors, making it punishable by a fine of up to $5,000. However, this bill is likely to face an uphill battle. And every effort to date in states across the country that has tried to fight the free speech games enjoy has failed. It?s likely there will be new research, and depending on those findings, the future of this debate could change.

Source: http://www.digitaltrends.com/gaming/will-more-research-on-violent-video-games-unearth-answers-or-just-more-questions/

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Reports: Ex-SEAL/author fatally shot on gun range

In this April 6, 2012, photo, former Navy SEAL and author of the book ?American Sniper? poses in Midlothian, Texas. A Texas sheriff has told local newspapers that Kyle has been fatally shot along with another man on a gun range, Saturday, Feb. 2, 2013. (AP Photo/The Fort Worth Star-Telegram, Paul Moseley)

In this April 6, 2012, photo, former Navy SEAL and author of the book ?American Sniper? poses in Midlothian, Texas. A Texas sheriff has told local newspapers that Kyle has been fatally shot along with another man on a gun range, Saturday, Feb. 2, 2013. (AP Photo/The Fort Worth Star-Telegram, Paul Moseley)

In this April 6, 2012, photo, former Navy SEAL and author of the book ?American Sniper? poses in Midlothian, Texas. A Texas sheriff has told local newspapers that Kyle has been fatally shot along with another man on a gun range, Saturday, Feb. 2, 2013. (AP Photo/The Fort Worth Star-Telegram, Paul Moseley)

(AP) ? Former Navy SEAL and "American Sniper" author Chris Kyle was fatally shot along with another man Saturday on a Texas gun range, a sheriff told local newspapers.

Erath County Sheriff Tommy Bryant said Kyle, 38, and a second man were found dead at Rough Creek Lodge's shooting range west of Glen Rose, according to the Fort Worth Star-Telegram and Stephenville Empire-Tribune. Glen Rose is about 50 miles southwest of Fort Worth.

Bryant did not immediately return phone calls to The Associated Press seeking comment late Saturday and early Sunday. A woman who answered the phone at the lodge where the shooting occurred declined comment and referred calls to the sheriff's office.

Investigators did not immediately release the name of the second victim, according to the newspapers.

Witnesses told sheriff's investigators that a gunman opened fire on the men around 3:30 p.m. Saturday, then fled in a pickup truck belonging to one of the victims, according to the Star-Telegram. The newspapers said a 25-year-old man was later taken into custody in Lancaster, southeast of Dallas, and that charges were expected.

Lancaster police did not immediately return calls for comment.

The motive for the shooting was unclear.

Kyle wrote the best-selling book, "American Sniper: The Autobiography of the Most Lethal Sniper in U.S. Military History," detailing his 150-plus kills of insurgents from 1999 to 2009.

Kyle was sued by former Minnesota Gov. Jesse Ventura over a portion of the book that claims Kyle punched Ventura in a 2006 bar fight over unpatriotic remarks. Ventura says the punch never happened and that the claim by Kyle defamed him.

Kyle had asked that Ventura's claims of invasion of privacy and "unjust enrichment" be dismissed, saying there was no legal basis for them. But a federal judge said the lawsuit should proceed. Both sides were told to be ready for trial by Aug. 1.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-02-03-Sniper%20Author-Shooting/id-973efe4d32274e59a151dd739c6a6a38

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Artists' spat over Putin joins a Russian tradition

FILE- In this Jan. 24, 2013, file photo, Russian President Vladimir Putin, right, shakes hands with famous Russian musician Yuri Bashmet on his 60th birthday, at the Kremlin in Moscow. When famed viola player Yuri Bashmet declared that he "adored" President Vladimir Putin, he stirred little controversy in a country where classical musicians have often curried favor with the political elite. But political drama spilled into the orchestra pit last month when Bashmet refused to condemn a new law prohibiting Americans from adopting Russian children, and in response the beloved singer Sergei Nikitin canceled his appearance at a concert celebrating the violist?s 60th birthday. (AP Photo/RIA Novosti, Alexei Nikolsky, Presidential Press Service, File)

FILE- In this Jan. 24, 2013, file photo, Russian President Vladimir Putin, right, shakes hands with famous Russian musician Yuri Bashmet on his 60th birthday, at the Kremlin in Moscow. When famed viola player Yuri Bashmet declared that he "adored" President Vladimir Putin, he stirred little controversy in a country where classical musicians have often curried favor with the political elite. But political drama spilled into the orchestra pit last month when Bashmet refused to condemn a new law prohibiting Americans from adopting Russian children, and in response the beloved singer Sergei Nikitin canceled his appearance at a concert celebrating the violist?s 60th birthday. (AP Photo/RIA Novosti, Alexei Nikolsky, Presidential Press Service, File)

FILE- In this June 14, 2011, file photo, then-Russian Prime Minister Vladimir Putin, right, and Artistic Director of the Mariinsky Theater, conductor Valery Gergiev, left, are at the opening ceremony of the 14th International Tchaikovsky Competition in the Big Hall of the Moscow Conservatory in Moscow, Russia. An artists' spat over President Vladimir Putin and his adoption ban joins a long tradition in Russian politics. At the core of the argument today is a question about what an artist's role should be in Putin's Russia: attracting generous state funding for bigger and better artistic projects, or challenging the political system in a way most ordinary citizens cannot afford to do. (AP Photo/RIA Novosti, Yana Lapikova, Pool, File)

FILE- In this March 27, 2007, file photo, Russian President Vladimir Putin, right, and cellist Mstislav Rostropovich attend the celebration of Rostropovich's 80th birthday at the Kremlin in Moscow. An artists' spat over President Vladimir Putin and his adoption ban joins a long tradition in Russian politics. At the core of the argument today is a question about what an artist's role should be in Putin's Russia: attracting generous state funding for bigger and better artistic projects, or challenging the political system in a way most ordinary citizens cannot afford to do. (AP Photo/RIA Novosti, Presidential Press Service, Mikhail Klimentyev, File)

FILE- In this Sept. 15, 2011, file photo, then-Russian Prime Minister Vladimir Putin, right, speaks with Director of the Theater of Nations Yevgeny Mironov as he visits the Theater of Nations in Moscow, Russia. An artists' spat over President Vladimir Putin and his adoption ban joins a long tradition in Russian politics. At the core of the argument today is a question about what an artist's role should be in Putin's Russia: attracting generous state funding for bigger and better artistic projects, or challenging the political system in a way most ordinary citizens cannot afford to do. (AP Photo/RIA Novosti, Alexei Nikolsky, Pool, File)

In this Jan. 27, 2013, photo, famous Russian conductor and viola player Yuri Bashmet speaks before a concert marking his 60th birthday in Moscow, Russia. When Bashmet declared that he "adored" President Vladimir Putin, he stirred little controversy in a country where classical musicians have often curried favor with the political elite. But political drama spilled into the orchestra pit last month when Bashmet refused to condemn a new law prohibiting Americans from adopting Russian children, and in response the beloved singer Sergei Nikitin canceled his appearance at a concert celebrating the violist?s 60th birthday. (AP Photo/Misha Japaridze)

(AP) ? When famed viola player Yuri Bashmet declared that he "adored" President Vladimir Putin, he stirred little controversy in a country where classical musicians have often curried favor with the political elite.

But political drama spilled into the orchestra pit last month when Bashmet refused to condemn a new law prohibiting Americans from adopting Russian children, and in response the beloved singer Sergei Nikitin canceled his appearance at a concert celebrating the violist's 60th birthday.

The spat joins a long Russian tradition of artists who have jumped ? or been dragged ? into the political fray. From composer Dmitri Shostakovich, who lived in fear of arrest under dictator Josef Stalin, to the cellist Mstislav Rostropovich, who returned to a liberalizing Soviet Union in 1991 and took up arms to defy Communist hardliners, Russian musicians and other artists have had a habit of becoming politicized figures.

At the core of the argument today is a question about what an artist's role should be in Putin's Russia: Attracting generous state funding for bigger and better artistic projects? Or challenging the political system in a way most ordinary citizens cannot afford to do?

Some of Russia's cultural figures brought their star power to the anti-Putin rallies that rocked Moscow last winter. Others were recruited to back up Putin as he ran for a third term as Russia's president. As the expression goes: "A poet in Russia is always more than a poet."

Actor and theater director Yevgeny Mironov appeared in a pro-Putin campaign ad in which he gave heartfelt thanks to Putin for keeping Russia ? and his Moscow theater ? afloat. Some of his fellow actors loudly refused.

Actress Chulpan Khamatova, who depends on government support for charity work for children, filmed a similar pro-Putin ad, but the delivery was tortured, as if she were speaking under duress. And she was one of the many cultural figures who signed a petition condemning the adoption bill.

The ban, which went into effect Jan. 1, proved controversial even among many Putin loyalists in the intelligentsia, who see the Kremlin as playing politics at the expense of Russia's orphans. Tens of thousands of people took part in a Jan. 13 protest march through Moscow, one of the largest anti-Putin demonstrations the city had seen in many months.

The adoption ban was in response to the Magnitsky Act, a U.S. law that imposes sanctions on Russians accused of involvement in the prison death of whistleblowing lawyer Sergei Magnitsky and other rights abuses.

Yuri Norshteyn, Russia's most beloved animator, took Putin to task over Magnitsky during an awards ceremony on Jan. 19. Norshteyn noted that Putin had attributed Magnitsky's death to heart failure, but said that in fact the lawyer had died because of "a failure of Putin's heart."

The audience erupted with cheers and applause.

Discontent over the adoption ban entered the classical music world at a news conference Bashmet gave ahead of his birthday jubilee concert on Jan. 24. The floppy-haired violist, who is the conductor of two Moscow orchestras and a famed soloist in his own right, gave an equivocal answer when asked about his stance on the adoption ban, refusing to condemn the law in its entirety.

In an interview with The Associated Press on Jan. 27, Bashmet said he didn't think the fate of children should be decided by anti-American legislation, but he asserted that the adoption ban would end up helping Russia's orphans by raising awareness within the country about the tens of thousands of children in need of families.

"There are things that need to be decided within the country, and it's good that this question has been raised in such a controversial way, so that now the president has decreed that it will be at the center of attention," Bashmet told the AP. "Our government is now responding to this, to the betterment of these children."

That stance didn't sit well with Nikitin, a bard in the Russian folk tradition. He said that it didn't bother him if "Bashmet adores the president," but his ambiguous justification of the adoption ban took things too far.

"This (the adoption issue) doesn't have anything to do with politics," Nikitin said. "It's about being humane, being humanitarian, about morality."

Bashmet may be an extreme example of an artist showing affection for Putin, but classical musicians have rarely been immune to politics.

Valery Gergiev, director of the Mariinsky Theater in St. Petersburg, has been outspokenly supportive of the Putin regime. After Russia and Georgia fought a brief war in 2008 over the breakaway Georgian region of South Ossetia, he conducted a concert in front of a destroyed government building in the South Ossetian capital.

The cellist Rostropovich, whose support for Soviet dissidents had led to his exile in the United States in the 1970s, returned to the Soviet Union as the Communist regime was crumbling. Wielding a Kalashnikov, he stood with protesters who had rallied around Boris Yeltsin in defiance of Communist hardliners trying to take power in the August 1991 coup.

Other musicians have been much less willing participants when it comes to politics, doing their best to avoid the political fray. This was particularly true when the risks were greater, as they were in Soviet times, when even a discordant note or a suggestive motif could bring accusations of deviating from the political line.

The composer Shostakovich received a scathing critique of his experimentalism in 1936, infamously titled "Muddle Instead of Music" and published in the Soviet Union's most important newspaper. With the Stalinist purges moving at full throttle, Shostakovich backed away from some of his more avant-garde music, taking more care to adhere to the political line.

But Shostakovich, like his contemporary Sergei Prokofiev, was also protected by his status. Great musicians of the Soviet period became a source of patriotism and a means of challenging the West's dominance. Despite the heavy weight of Stalinist repression, Shostakovich and Prokofiev created some of the most cherished, experimental and at times critical music of the 20th century.

After Stalin's death, many of Shostakovich's and Prokofiev's compositions that were interpreted as anti-fascist during the dictator's life were recast as artistic protests against the Stalinist terror.

Nikitin believes in the examples set by Prokofiev and Shostakovich ? great artists who were among the few people who could attempt to oppose, even if only through their music, the existing regime.

"The government and state officials, including the president, should be grateful to these artists, that they give them the opportunity to experience this kind of art, and in this way to make life in our country richer," he said.

In Soviet times, cinema also was under strict government censorship. When Stalin was in power, he decided personally which films could be shown and which were to be stashed "on the shelf." Despite this, the Soviet era is remembered as the height of Russian filmmaking, from the early experimentalism of Sergei Eisenstein to the charming, Oscar-winning "Moscow Doesn't Believe in Tears."

After the 1991 collapse of the Soviet Union, things changed drastically for the film industry. A style called "chernukha," or blackness, became the vogue among many Russian filmmakers, who made dark and violent movies showing contemporary life as a bleak moral vacuum. Others, like director Nikita Mikhailkov, took a different tack by producing upbeat, patriotic films, attracting generous funding in the process.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-02-03-Russia-Artists%20and%20Putin/id-6706edd9699a4701a267ff864512e88d

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2012 Blog ? Ham Radio is on the only post-SHTF communication ...

With the presumption that throughout your region all electricity is off, how will people?communicate?

Cell towers need electricity
Land lines might not need electricity at home if ?they are the non-cordless, but the phone system itself needs?electricity
TV and radio need electricity to broadcast
Police, military and emergency services depend on electricity to communicate

For local?communications?you have the options of walkie-talkies and CB radios, but they are only good for a few miles. That?s great for contacting local friends and relatives, and well-worth having, but won?t help you learn what is going on elsewhere.

Amateur radio (aka HAM radio) is the only remaining method for long-distance communications. So, in?anticipation?of needing this, your choices are:

1) Get a license and gear
2) Get a license and use someone else?s occasionally
3) Get to know those who have the gear

Where all these choices meet is joining a local enthusiast?s society. At the very least you should be able to get to know the folk with the right gear, and know where they are located.

The best rigs require electricity, so you would need some sort of large battery backup system to run it. Otherwise smaller systems are handheld and battery operated (pic below), and there also setups you can run from a vehicle.

This from Prepper Resources:

You may be thinking that you won?t need a license if T-SHTF, and that you?ll just buy a Ham radio and use it when the time comes.? You can do that but like other survival skills you need to practice in order to be proficient.? You will need experience in the use of the radio, building antennas, Morse Code and fine tuning of frequencies.? By?getting an Amateur Radio License?you can also network with other Hams and become familiar with ?Best practices? in Ham operation.? Hams are well versed in making home made antennas that work better then commercial antennas and even building radios.? These are skills that can be learned but it does take time.

A Ham radio operator can function effectively without the use of any other equipment, even though operators do frequently use repeaters on a day to day basis.? Another great aspect of Ham radio is this: you can do more then use voice communication.??Morse Code?is a common form of communication in Ham radio.? Also operators commonly utilize ?packet radio?.??Packet radio?allows transmission of photos, video, and text.? The text was the predecessor to email.? Yes indeed, Ham radio operators were using email before you were and all these forms of communications are available with just a radio.

Ham radios are versatile and can be base stations located in your home with high output power, mobile mounted in a vehicle with moderate output power, or portable small handheld radios with low power output that can be carried anywhere.

After T-SHTF communication will be difficult but needed. ?Land lines, cell phones, email, instant messaging, and the internet will be lost but Ham Radio will still be there.? When natural disasters like Katrina or Sandy strike, Ham Radio is there to allow emergency personnel to communicate because the normal communications channels are lost. ?When the government can?t communicate with each other during disaster, who do they call for help?? Amateur radio operators, because they know amateur radio is there and works when all other forms of communications fail.? That leads me to believe that after T-SHTF, Ham Radio will be the only form of communication available.

Finally, make sure you have a battery-operated radio that can receive shortwave ? certainly someone, somewhere will be transmitting over those frequencies, and they can travel around the globe.

Related posts:

  1. More 2012 Radio Interviews
  2. First-Hand Account: True Modern SHTF Event
  3. SHTF vs EOTW vs TEOTWAWKI
  4. Another Day, Another Cable TV SHTF Preppers Show
  5. Rob on Rense Radio Tomorrow

Source: http://survive2012.com/news/2013/02/ham-radio-and-shortwave-4796.html?utm_source=rss&utm_medium=rss&utm_campaign=ham-radio-and-shortwave

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Twitter, Washington Post targeted by hackers

NEW YORK (AP) ? Social media giant Twitter is among the latest U.S. companies to report that it is among a growing list of victims of Internet security attacks, saying that hackers may have gained access to information on 250,000 of its more than 200 million active users. And now, The Washington Post is joining the chorus, revealing the discovery of a sophisticated cyberattack in 2011.

Twitter said in a blog post on Friday it detected attempts to gain access to its user data earlier in the week. It shut down one attack moments after it was detected.

But Twitter discovered that the attackers may have stolen user names, email addresses and encrypted passwords belonging to 250,000 users they describe as "a very small percentage of our users." The company reset the pilfered passwords and sent emails advising the affected users.

The Twitter attack comes on the heels of recent hacks into the computer systems of U.S. companies, including The New York Times and The Wall Street Journal. Both newspapers reported this week that their computer systems had been infiltrated by China-based hackers, likely to monitor media coverage the Chinese government deems important.

On Friday, The Washington Post disclosed in an article published on its website that it was also the target of a sophisticated cyberattack, which was discovered in 2011 and was first reported by an independent cybersecurity blog. Washington Post spokeswoman, Kris Coratti, didn't offer any details including the duration of the attack or the origins. But according to sources that the newspaper quoted, who it said spoke on condition of anonymity, the intruders gained access as early as 2008 or 2009. According to the sources, Chinese hackers are also suspected.

Coratti couldn't be reached immediately for comment by The Associated Press. According to her comments made to the newspaper, the company worked with security company Mandiant to "detect, investigate and remediate the situation promptly at the end of 2011."

China has been accused of mounting a widespread, aggressive cyber-spying campaign for several years, trying to steal classified information and corporate secrets and to intimidate critics. The Chinese foreign ministry could not be reached for comment Saturday, but the Chinese government has said those accusations are baseless and that China itself is a victim of cyberattacks.

Twitter didn't provide any clues as to whether it believes that China was behind its hack. However, the blog post by the company's director of information security, Bob Lord, made clear that the hackers knew what they were doing. Lord said in the blog that the attack "was not the work of amateurs, and we do not believe it was an isolated incident."

"The attackers were extremely sophisticated, and we believe other companies and organizations have also been recently similarly attacked," Lord said. "For that reason we felt that it was important to publicize this attack while we still gather information, and we are helping government and federal law enforcement in their effort to find and prosecute these attackers to make the Internet safer for all users."

Reached on Saturday, Twitter spokesman Jim Prosser had no further comment.

Based on the few details released about the Twitter and Washington Post attacks it's hard to say whether Chinese hackers were involved, said Rich Mogull, CEO of Securosis, an independent security research and advisory firm. There are certain pieces of malicious software that are characteristic to Chinese hackers, he said, but "the problem is not enough has been made public."

One theory is that the Twitter hack happened after an employee's home or work computer was compromised through vulnerabilities in Java, a commonly used computing language whose weaknesses have been well publicized. Independent privacy and security researcher Ashkan Soltani said such a move would give attackers "a toehold" in Twitter's internal network, potentially allowing them either to sniff out user information as it traveled across the company's system or break into specific areas, such as the authentication servers that process users' passwords.

The relatively small number of users affected suggests that attackers weren't on the network long or that they were only able to compromise a subset of the company's servers, Soltani said.

Twitter is generally used to broadcast messages to the public, so the hack might not immediately have yielded any important secrets. But the stolen credentials could be used to eavesdrop on private messages or track which Internet address a user is posting from.

That might be useful, for example, for an authoritarian regime trying to keep tabs on a journalist's movements.

"More realistically, someone could use that as an entry point into another service," Soltani said, noting that since few people bother using different passwords for different services, a password stolen from Twitter might be just as handy for reading a journalist's emails.

___

AP reporters Raphael Satter in London and Didi Tang in Beijing contributed to this report.

Source: http://news.yahoo.com/twitter-washington-post-targeted-hackers-173733599.html

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State-owned bank transfers Asset Management of ?2bn National ...

We learn this morning that Permanent TSB has finally awarded the contact for the asset management of a portfolio of ?2bn loans relating to Irish commercial property located across the nation. The contact has gone to an agency. And before you ask why is the stilted language above being used in this blogpost, it is because the obvious candidate to take over the asset management of property loans is NAMA, which we own, which we have spent vast amounts of money and time setting up and whose profits, if any, will entirely come back to the State.

So which company did PTSB chose to asset manage its ?2bn commercial property loanbook?

Certus of course, where the former Fine Gael politician Pat Cox is now a ?special adviser?

Certus won?t be providing its asset management services free of charge of course, and it will hope to generate a nice little profit on asset managing the ?2bn of loans.

Why was NAMA not used?

Well, when it was first announced that PTSB was tendering for the service last October 2012, the Sinn Fein finance spokesperson Pearse Doherty posed a series of parliamentary questions to Minister for Finance Michael Noonan. We got the usual gibberish in response.

PTSB is not a NAMA participating institution ? well designate it as one. The State owns 99.5% of it for chrissakes.

The ?2bn of property loans are not ?land and development? ? (a) NAMA can acquire any systemically important loans and it swore blind in the Paddy McKillen case in Dublin?s High Court that even if Paddy?s loans weren?t development, they were still systemic because they came to about ?2bn (b) NAMA is already asset managing bucketloads of property that is not ?land and development?. What were One Warrington Place, the ?800m Maybourne hotel loans, 107 Cheapside, the Morrison Hotel, 22-25 Finsbury Square, Updown Court, the Smurfit Kappa offices in Clonskeagh, the Montevetro Building, 1 King William Street and countless others ? they?re not ?land and development?, that?s for sure.

So, yet more gibberish from the finance minister and meantime, NAMA loses out on whatever profit would be generated by the contract that PTSB now has with Certus. The expression ?you don?t buy a dog and bark yourself? just doesn?t do this latest goof justice.

These are the complete parliamentary questions and responses from 23rd?October 2012.

Deputy Pearse Doherty: To ask the Minister for Finance further to a report in a national newspaper that 99.5% state-owned Permanent TSB is considering entering into a loan management contract with a private-sector company (details supplied) for the management of ?2bn of commercial property development loans, the reason PTSB is not a National Asset Management Agency participating Institution, the reason these loans were not transferred to NAMA in 2010 and the reason these ?2bn loans are not being transferred to NAMA now.

Deputy Pearse Doherty: To ask the Minister for Finance further to a report in a national newspaper that 99.5% State-owned Permanent TSB is considering entering into a loan management contract with a private-sector company (details supplied) for the management of ?2bn of commercial property development loans if he will provide an estimate of the fees that will be paid by PTSB to the company over the proposed life of the loan management contract..

Deputy Pearse Doherty: To ask the Minister for Finance if he wil provide an assessment of the effect of the National Asset Management Agency acquiring ?2bn of commercial property development loans from Permanent TSB, the management of which loans PTSB is reportedly contracting out to a company (details supplied).

Minister for Finance, Michael Noonan: I propose to take questions 162, 163 and 165 together.?? Permanent TSB confirms that a tendering process is underway in relation to third party servicing of its portfolio of commercial property loans and that the party referred to is among the parties that the bank has spoken to in this regard. The bank has not completed the tendering process, nor has it signed a contract with any party in this regard and even if such a contract is signed in the future the bank has confirmed that the fees would not be publically disclosed as they would be commercially sensitive.

As the Deputy will be aware Permanent TSB is not a participating institution under the NAMA Act 2009 as it did not make an application for such a designation. As a result none of its commercial property loans were acquired by NAMA in 2010.

The Deputy will also be aware that only Land and Development loans in the participating institutions were acquired by NAMA from those institutions.

The NAMA Act does not allow for a scenario where NAMA would service assets which have not been acquired by it.

Permanent TSB is not currently selling its commercial property loan assets and therefore an analysis of the impact of an acquisition of Permanent TSB?s commercial property loans by NAMA would have limited value.

Source: http://namawinelake.wordpress.com/2013/02/02/state-owned-bank-transfers-asset-management-of-e2bn-national-property-loans-to-an-agency/

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