Monday, April 22, 2013

Caterpillar 1Q profit shrank; cuts 2013 outlook

(AP) ? A slowdown in the mining business is digging a hole in Caterpillar's profits.

First-quarter profit shrank 45 percent. Caterpillar lowered its expectations for full year sales and profits because its mining business is slowing. Sales of Caterpillar-branded mining machines will drop by half this year, the company said on Monday.

Caterpillar said mining customers placed big orders for gear last year, just as mining profits fell, so now those customers are cutting back. Dealers who would normally be stocking up on Caterpillar gear to get ready for a busy summer instead cut inventory during the first quarter.

Caterpillar has already started cutting costs. On April 5 it said it would lay off more than 460 employees at a mining truck plant in Decatur, Ill. Caterpillar also announced mining-related layoffs in Milwaukee and plans to cut 1,300 of 3,400 jobs at a plant near Brussels that makes excavators, loading vehicles, and engine parts. This year's capital spending ? which covers big-ticket items like factories and computer systems ? will fall below $3 billion, down from $3.4 billion last year.

Net income dropped to $882 million, or $1.31 per share. Revenue fell 17 percent to $13.21 billion, from $15.98 billion a year ago. Both missed analyst expectations. Analysts surveyed by FactSet were expecting a profit of $1.36 per share on revenue of $13.79 billion.

It also cut its 2013 guidance. Caterpillar now expects to earn $7 per share, down from $7 to $9 previously. It forecast revenue of $57 billion to $61 billion, down from $60 billion to $68 billion. Analysts were expecting a 2013 profit of $7.67 per share on revenue of $62.48 billion.

There were some bright spots. Sales in China rose compared to a year ago. And the company is "becoming more optimistic" on the U.S. housing sector.

Shares of Peoria, Ill.-based Caterpillar Inc. rose 70 cents to $81.13 in premarket trading.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-04-22-Earns-Caterpillar/id-888a92c5efdb44c7a0f4cb8ab3988d05

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Saturday, April 20, 2013

The debate over CISPA, a law that could change Internet privacy

Overshadowed by congressional action on guns and immigration is an Internet privacy bill that could affect most Americans, without them knowing it, on a daily basis.

Cyber Intelligence Sharing and Protection Act (or CISPA) is making its way through Congress, and it?s passed a House vote on Thursday.

The final vote in the House was 248-168, as 42 Democrats voted for the bill, while 28 Republicans voted against it.

And like gun control, it?s far from a done deal after the House passes CISPA. It would need Senate approval, and President Barack Obama has indicated he?ll possibly veto CISPA if it comes to his desk.

Both sides of Congress would need to muster a two-thirds majority vote to override the president?s veto, which would seem unlikely in the current political atmosphere of Washington.

At the heart of CISPA is a Fourth Amendment issue.

The amendment reads:

?The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.?

CISPA is designed to let the federal government work with private companies to fight hackers and cybercriminals in and outside of the United States. As part of the effort to detect cyber threats, private companies could voluntarily share with the government data about Internet users.

The sharing could be done in ?real time? as the cybercops try to defeat and track down the evildoers. Companies could also share data among themselves as part of the effort.

There are major drawbacks about the legislation, say CISPA?s critics. The privacy provisions for consumers, they claim, are vague or nonexistent. The government and companies can?t look at your personal data, such as medical records and tax returns, if they are part of the ?data dump? that is shared in real time. But the law doesn?t require that companies excise, or edit out, that information in the transfer process.

Another criticism is that a warrant isn?t needed for the government to obtain that information. And companies that share your information won?t be held legally liable for sharing that information, a practice that seemingly conflicts with privacy policies on existing websites.

CISPA?s biggest critic in Congress is a representative from Colorado, Jared Polis. The Democrat told the House on Wednesday, ?This is the biggest government takeover of personal information that I?ve seen during my time here in Congress.?

Mike Rogers, a Republican representative from Michigan and the House Intelligence Committee chairman, is leading the CISPA effort, along with Dutch Ruppersberger, a Democrat from Maryland.

Rogers believes the measure is long needed. ?People were stealing their identities, their accounts, their intellectual property, and subsequent to that, their jobs,? he recently said. ?[Web users] began to question the value of getting on Internet and using [it] for commercial purposes. Their trust in the free and open Internet ? was at risk.?

He has also stressed that participation in CISPA is voluntary for companies.

The Intelligence Committee also released a five-page document to counter what it calls ?myths? about CISPA, including how much personal data would be shared with the government?which it says would be a rare occurrence.

The American Civil Liberties Union, however, calls CISPA ?fatally flawed.?

?The core problem is that CISPA allows too much sensitive information to be shared with too many people in the first place, including the National Security Agency,? it says.

Unlike SOPA, the failed legislative attempt last year to halt online piracy, large tech companies are supporting the efforts to get CISPA passed.

At one time, Facebook and Microsoft had signed on to support CISPA, but now they are reportedly backing away. Google appears to be on the fence about the issue.

Major communications and utilities companies support CISPA, according to a list released by the House.

Last year, the House passed a similar CISPA bill, only to see it die in the Senate. Last August, a successful filibuster blocked CISPA from getting to the floor for a vote. Both libertarians and liberals had issues with the bill, and there were disagreements about which government agencies would be involved with CISPA.

The tea party-aligned group FreedomWorks is on record, again, as opposing CISPA on Fourth Amendment grounds.

?There are grave Fourth Amendment concerns with CISPA. The bill would override existing privacy laws to allow companies to share ?cyber threat information? with the federal government without making any reasonable effort to strip out any personal information from the file,? the group said in a statement.

The Electronic Frontier Foundation also has Fourth Amendment concerns.

?As it stands, CISPA is dangerously vague, and should not?allow for any expansion of?government powers through a series of poorly worded?definitions.??If the drafters intend to?give new powers to the government?s already extensive capacity to examine your?private?information, they should propose clear and specific language so we can?have a real debate,? the EFF said on its website.

Scott Bomboy is the editor-in-chief of the National Constitution Center.

Recent Constitution Daily Stories
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Also Read

Source: http://news.yahoo.com/cispa-fourth-amendment-143420272.html

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Photos: President George H.W. Bush Hangs With Pro Football Cheerleaders

Sure, former President George H.W. Bush may have been really sick last year, but the 88-year-old is apparently feeling well enough to greet this year's new Houston Texans cheerleading squad! The 41st President handed out roses to the cheerleaders, Bachelor-style.

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Rose from Pappy! (AP)

A cheerleader named Morgan told the NFL Network that Bush was "so lively" that no one would have thought he was so ill recently.

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Dope socks (AP)

Apparently the cheerleaders had visited last December while he was sick. The Houston Texans said that they got a call from Bush's people, saying he wanted to come to tryouts. Cheerleader Director Alto Gary said, "Like I could say no!" She added, "When he came in, he had the biggest smile on his face."

The cheerleaders complimented him on his socks; Bush replied, "I'm surprised you noticed them."

More photos here.

Source: http://austinist.com/2013/04/18/president_george_hw_bush_is_alive_a.php

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Friday, April 19, 2013

The Cree Warm White Is a Great LED Bulb, Feels Like an Incandescent

With many countries and states phasing out incandescent light bulbs, you're probably on the lookout for replacements. Our friends at the Wirecutter think the Cree Warm White bulb is the best one around. Here's why.

LED bulbs weren't that great a few years ago, but they've gotten a lot better. The Cree Warm White is inexpensive at $13, emits a light quite similar to an incandescent bulb, throws light in every direction (unlike older LED lights), and even stays cool enough to touch. Plus, it's very efficient and doesn't have a lot of the problems that CFL bulbs do. The Wirecutter has an incredibly detailed, informative writeup, so we highly recommend you take a gander at the link below to read more.

The Best LED Lightbulb Is the Cree Warm White | The Wirecutter

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/hCo8kBfGuoc/the-cree-warm-white-is-a-great-led-bulb-feels-like-an-476462606

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These Are the First Videos Being Shot With Google Glass

It's been a long wait, but the very first videos shot with Google Glass out in the wild are finally starting to pop up on the Internet. Some of them almost live up to the crazy spectacle of the first Google demos, but most don't. At least not yet. Here are the first ones out so far. More »
    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/xh1flWPa6Hw/these-are-the-first-videos-being-shot-with-google-glass

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Bowles and Simpson offer a modified budget plan

WASHINGTON (AP) ? The chairmen of President Barack Obama's 2010 fiscal commission are wading back into Washington's budget wars with a revised, somewhat milder plan to rein in intractable federal deficits.

The plan by former Clinton White House chief of staff Erskine Bowles and former Republican Sen. Alan Simpson of Wyoming would lop more than $5 trillion from deficits over the upcoming decade when combined with the deficit-cutting steps enacted in fits and starts since his 2010 proposal.

It's unclear what impact the updated plan will have on the bitter divide over taxes, spending and debt. The initial Bowles-Simpson plan won warm reviews from deficit hawks but received a chilly reception from Obama and much of the rest of official Washington for its tough mix of tax increases and cuts to benefits programs.

Source: http://news.yahoo.com/bowles-simpson-offer-modified-budget-plan-020212271--politics.html

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Thursday, April 18, 2013

Foods to eat DAILY for DETOX ? Bonus DETOX TEA recipe ...

herbs-spices

While every natural, whole foods has it own health benefits, some of them shows to have a specific nutritional value that makes them special. Those particular foods are often called super foods. But when we hear the word super food, we often think of an exotic and pricey supplement. But there are ?regular? foods that truly show a superior health benefits than others, and that we should eat on a regular basis. Here?s my list of the 7 healthiest detox foods to eat regularly.

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7 healthiest foods you should eat everyday

1- Dark leafy greens: Dark leafy greens are so beneficial for your health that you should eat at least 1 portion everyday. Eating a combination of raw and cooked greens will help your body to detox naturally, stabilize your body?s acid/base balance as well as supply you with essential minerals and oligo-elements essential to health. Among other things, dark leafy greens support the whole detox system, help to build stronger bones and fight cancer. It?s also important to have some variety in your greens. Besides spinach, kale and chard, try to add dandelion, collard, beet and turnip tops, arugula or mustard leaves.

2- Berries: Berries have among the highest antioxidant levels for fruits. They are lower in carbs so they help to keep your blood sugar levels steady. They help protect your skin from sun damage, fight cancer, provide your liver with essential detox nutrients, and of course, they are always delicious!

3- Quinoa: Eaten as a grain, quinoa is in fact a seed that shares more genes with green vegetables than with cereals. Very rich in vitamins and essential nutrients, quinoa is one of the few vegetable sources of complete protein. In fact, quinoa is so complete when it comes to its nutritional profile that some Southern American populations still rely almost only on this seed as their food source. Easy and quick to sprout, quinoa also makes a wonderful ingredient for raw food dishes.

4- Nuts and seeds: Nuts and seeds are an excellent way to get nutrients that are otherwise hard to get in a plant-based diet. Zinc-rich pumpkin seeds, protein powered hempseeds, omega3-rich walnuts and flaxseeds as well as calcium boosting almonds and sesame are delicious ways to get hard to find essential nutrients.

5- Fresh herbs and spices: Herbs and spices make a wonderful addition to any dish. They have the power of enhancing the flavors of almost anything! With their potent aromatic oils, herbs and spices are packed with healthy compounds such as antioxidants and anti-inflammatory substances. Herbs such as: ginger, garlic, rosemary, grape leaves, milk thistle, licorice, turmeric, cardamom, ginseng and Chinese herbs such as: astragalus, shizandra.

6- Lemon: With over 35 detox substances, lemon is definitely among the best liver cleansing foods. Lemon is also great to alkalinize the body and lower LDL cholesterol. Try adding a slice of lemon to your daily glass of water to reap all the health benefits of this detox food.

7- Seaweed: This is probably one of the most complete foods you can eat. Very rich in vitamins and minerals, seaweed makes a great alternative to nutritional supplements. It helps regulates thyroid problems as well as replenish your nutrients supply.

8-KOMBUCHA!: This is a freebie and a no brainer! Kombucha is a probiotic beverage of fermented tea. Yes, you can make it with Green Tea if you prefer. Partaking of one glass a day keeps all the good probiotics down in your gut doing what they need to do to keep you healthy!

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Detox Tea

1 tsp each: dandelion root, milk thistle seeds, roasted chicory root

1/2 tsp each: sarsaparilla root, licorice root, ginger rhizome

1 Qt. Water

*Combine all ingredients in a saucepan and simmer for 5 minutes.

*Turn down heat and let steep for about 15 minutes.

*Strain and drink at least a cup a day.

***This tea will also be available soon at Modern Homesteaders Storefront and in my Goodsmith & Etsy stores.

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In Wellness,

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Source: http://modernhomesteaders.net/2013/04/17/foods-to-eat-daily-for-detox-bonus-detox-tea-recipe/

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