Tuesday, March 19, 2013

HSBC, Facing $2 Billion Settlement, Mulls 5,000 More ... - AOL Jobs

HSBC sign: layoffs at British bankBy Matt Egan

Fresh off its $1.92 billion money laundering settlement, British banking giant HSBC is reportedly nearing a decision to further slash costs by axing another 5,000 jobs. According to the Financial Times, the London-based lender is "gearing up" for thousands more layoffs that could be outlined at an annual investor meeting in two months.

"There is no fantastical new strategy out there," one person familiar with the bank's planning told the paper. "But there's still huge potential to be more efficient." The job cuts still need to be finalized, but sources told the FT that up to 5,000 staff could be eliminated. If the bank keeps its recent rate of staff cuts to cost savings, that number could rise to nearly 10,000, the paper said.

More: U.S. Jobless Claims Fall For 3rd Straight Week

HSBC declined to comment on the report. Last week HSBC announced plans to find another $1 billion in annual savings in 2013 but didn't specify how it would achieve that goal. HSBC CEO Stuart Gulliver said the company would "fixate on costs."

While HSBC has exceeded its cost-savings goals, the bank's cost-income ratio of 62.8 percent remains well above a target of 48 percent to 52 percent, the FT said. The latest job cut discussions at HSBC come after the European banking giant agreed to pay $1.92 billion in December to settle charges it gave drug lords, terrorists and other shady characters access to the U.S. banking system. HSBC accepted responsibility for inadequate anti-money-laundering compliance and apologized for past mistakes.


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Source: http://jobs.aol.com/articles/2013/03/18/hsbc-5000-job-cuts/

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Thursday, January 10, 2013

Newly found 'volume control' in brain promotes learning, memory

Jan. 9, 2013 ? Scientists have long wondered how nerve cell activity in the brain's hippocampus, the epicenter for learning and memory, is controlled -- too much synaptic communication between neurons can trigger a seizure, and too little impairs information processing, promoting neurodegeneration. Researchers at Georgetown University Medical Center say they now have an answer. In the January 10 issue of Neuron, they report that synapses that link two different groups of nerve cells in the hippocampus serve as a kind of "volume control," keeping neuronal activity throughout that region at a steady, optimal level.

"Think of these special synapses like the fingers of God and man touching in Michelangelo's famous fresco in the Sistine Chapel," says the study's senior investigator, Daniel Pak, PhD, an associate professor of pharmacology. "Now substitute the figures for two different groups of neurons that need to perform smoothly. The touching of the fingers, or synapses, controls activity levels of neurons within the hippocampus."

The hippocampus is a processing unit that receives input from the cortex and consolidates that information in terms of learning and memory. Neurons known as granule cells, located in the hippocampus' dentate gyrus, receive transmissions from the cortex. Those granule cells then pass that information to the other set of neurons (those in the CA3 region of the hippocampus, in this study) via the synaptic fingers.

Those fingers dial up, or dial down, the volume of neurotransmission from the granule cells to the CA3 region to keep neurotransmission in the learning and memory areas of the hippocampus at an optimal flow -- a concept known as homeostatic plasticity. "If granule cells try to transmit too much activity, we found, the synaptic junction tamps down the volume of transmission by weakening their connections, allowing the proper amount of information to travel to CA3 neurons," says Pak. "If there is not enough activity being transmitted by the granule cells, the synapses become stronger, pumping up the volume to CA3 so that information flow remains constant."

There are many such touching fingers in the hippocampus, connecting the so-called "mossy fibers" of the granule cells to neurons in the CA3 region. But importantly, not every one of the billions of neurons in the hippocampus needs to set its own level of transmission from one nerve cell to the other, says Pak.

To explain, he uses another analogy. "It had previously been thought that neurons act separately like cars, each working to keep their speed at a constant level even though signal traffic may be fast or slow. But we wondered how these neurons could process learning and memory information efficiently, while also regulating the speed by which they process and communicate that information.

"We believe, based on our study, that only the mossy fiber synapses on the CA3 neurons control the level of activity for the hippocampus -- they are like the engine on a train that sets the speed for all the other cars, or neurons, attached to it," Pak says. "That frees up the other neurons to do the job they are tasked with doing -- processing and encoding information in the forms of learning and memory."

Not only does the study offer a new model for how homeostatic plasticity in the hippocampus can co-exist with learning and memory, it also suggests a new therapeutic avenue to help patients with uncontrollable seizures, he says.

"The CA3 region is highly susceptible to seizures, so if we understand how homeostasis is maintained in these neurons, we could potentially manipulate the system. When there is an excessive level of CA3 neuronal activity in a patient, we could learn how to therapeutically turn it down."

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The above story is reprinted from materials provided by Georgetown University Medical Center, via EurekAlert!, a service of AAAS.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


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Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/IzrThzZ852o/130109124154.htm

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World's first subway marks 150 years in operation

In this photo taken Tuesday, Jan. 8, 2013, people walk by Farringdon underground station, in London. The world's first subway system marked its 150th anniversary Wednesday, Jan. 9, 2013, with reports showing conditions way back when were much as they are today: Busy, congested and stressful for passengers. (AP Photo/Alastair Grant)

In this photo taken Tuesday, Jan. 8, 2013, people walk by Farringdon underground station, in London. The world's first subway system marked its 150th anniversary Wednesday, Jan. 9, 2013, with reports showing conditions way back when were much as they are today: Busy, congested and stressful for passengers. (AP Photo/Alastair Grant)

In this photo taken Tuesday, Jan. 8, 2013, a commuter walks at Baker Street underground station, in London. The world's first subway system marked its 150th anniversary Wednesday, Jan. 9, 2013, with reports showing conditions way back when were much as they are today: Busy, congested and stressful for passengers. (AP Photo/Alastair Grant)

In this photo taken Tuesday, Jan. 8, 2013, a commemorative sign detailing when the station was opened and refurbished, displayed at Baker Street underground station in London. The world's first subway system marked its 150th anniversary Wednesday, Jan. 9, 2013, with reports showing conditions way back when were much as they are today: Busy, congested and stressful for passengers. (AP Photo/Alastair Grant)

LONDON (AP) ? The world's first subway system marked its 150th anniversary Wednesday, with reports showing conditions way back when were much as they are today: Busy, congested and stressful for passengers.

"The constant cry, as the trains arrived, of 'no room,' appeared to have a very depressing effect upon those assembled," The Guardian newspaper reported on the public opening of London's Metropolitan Line on Jan. 10, 1863. The first stretch of rail had opened the day before, on Jan. 9.

The line ? the first part of what is now an extensive London transport network that has shaped the British capital and its suburbs ? ran 120 trains each way during the day, carrying up to 40,000 excited passengers. Extra steam locomotives and cars were called in to handle the crowds.

Architectural historian David Lawrence said the rapid expansion of the subway network ? better known in London as the Tube ? had a major impact on the city's design. The Tube helped lure people away from the inner city into new areas where new housing was being built near the stations.

The houses were built in a village style mocked by some historians as already dated.

"They were selling an England which had already passed by that time," said Lawrence, a principal lecturer at Kingston University.

In 1919, the Metropolitan company became directly involved in developing what came to be called "Metro-land" on surplus land. One of the company's promotional posters displayed drab rows of inner city terrace houses and urged people to, "Leave this and move to Edgware."

However, they were also selling the dual benefit of a quiet, unpolluted suburban life paired with rapid access to the cultural and economic benefits of the metropolis, Lawrence said.

The pioneering Metropolitan Line sparked a new wave of underground development which today has grown into a 249-mile (402-kilometer) system carrying 1.2 billion passenger journeys each year.

Although Londoners love to complain about its sometimes sketchy performance, the Tube and its related rail lines can be a remarkable efficient way to move vast numbers of people in and out of the city, with roughly 3.5 million journeys completed each day. It provided nearly flawless transport during the recent London Olympics despite fears that it would buckle under the extra strain.

Charles Pearson, a lawyer who saw the line as a tool of social reform which would enable the poor to live in healthier surroundings on the perimeter of the city, began promoting the line in the 1850s.

Pearson made a crucial contribution by persuading the Corporation of the City of London ? the governing body of the financial district ? to invest in the line.

Like many an innovation, the proposal to build a three-mile (4.8 kilometer) underground rail line from Paddington Station in central London to Farringdon on the edge of the financial district in the east aroused great skepticism and criticism when it was first proposed.

An editorial in The Times of London at the time found the concept repulsive: "A subterranean railway under London was awfully suggestive of dank, noisome tunnels buried many fathoms deep beyond the reach of light or life; passages inhabited by rats, soaked with sewer drippings, and poisoned by the escape of gas mains," the newspaper declared.

"It seemed an insult to common sense to suppose that people who could travel as cheaply on the outside of a Paddington bus would prefer, as a merely quicker medium, to be driven amid palpable darkness through the foul subsoil of London."

London's Daily News took a more macabre view: "For the first time in the history of the world men can ride in pleasant carriages, and with considerable comfort, lower down than gas pipes and water pipes," the newspaper said, adding, "lower down than graveyards."

For the anniversary celebrations, Transport for London will run old-style steam powered trains underground ? but only on Sunday, so as not to disrupt its crucial people-moving function during the working week.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-01-09-Britain-Oldest%20Subway/id-6b7c9ffa59434381be692f31e5e47228

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Wednesday, January 9, 2013

Teen Mom 2 Recap: Moving a Bit Too Fast

Source: http://www.thehollywoodgossip.com/2013/01/teen-mom-2-recap-moving-a-bit-too-fast/

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5 Solid Reasons to Launch Your Online Business Now - Business.com

start a businessIn this time of prolonged economic instability, as brick and mortar businesses close their doors every day (remember Hostess?) as savvier startup entrepreneurs are turning to the internet to launch their new businesses.

Although starting a new business venture in a sagging economy seems risky, the advantages and benefits associated with starting and running a successful online business can far outweigh those risks.

If you feel you have what it takes to be a successful business owner, but fear has prevented you from taking action, here?s a look at 5 solid reasons you should launch your online business sooner than later.

Low startup costs

Brick and mortar business owners must make a substantial financial investment in?commercial space, physical inventory, office furniture and supplies?the list goes on; and all before they can even open their doors. By comparison, all it takes to get many online businesses up and running ? particularly a tech or service-based business ? is a?domain name, a website, and a hosting account.

If your business is product based, you can arrange to have items drop shipped so you never have to invest in or stockpile physical inventory. Your money will be better spent on tools that will help you to better reach and serve a potential worldwide market.

Related:?Find the Right Web Hosting Service for Your New Business

Pursue your passions

Working for someone else may bring you a sense of security, but it won?t bring you the satisfaction that can only come from pursuing your passions and following your dreams. Starting your own online business based on a product or service you are passionate about can be tremendously fulfilling.

And while it will not be easy, when challenges arise your passion and belief in what you are doing will inspire and empower you to do whatever it takes to achieve lasting success

Low operating costs

By eliminating the need to pay a monthly lease ? not to mention utilities such as electricity, gas, and heat ? online businesses can operate much more efficiently and inexpensively than brick and mortar businesses. In addition, the ability of online businesses to automate various operations via software systems, reduces the need to put extra employees on the payroll and pay for costly benefits such as health insurance.

Social media marketing power

Speaking of a worldwide market, online businesses have access to a greater pool of clients and buyers than traditional brick and mortar businesses could ever imagine. And by tapping into the marketing power of Social Media through a business Facebook fan page and Twitter account, you can better reach and relate to your demographic and drive more traffic to your site.

Related:?Tapping into the Massive Mobile Market

Increased earning power

As secure as your nine-to-five job may make you feel, the reality is that no matter how talented you are or how hard you work, your earning power is at the mercy of your employer. In starting your own online business, your potential earning power is up to you. Although that reality can be both exciting and frightening, recognizing that your ability to make more money rests solely upon you; your skills, business savvy, creativity and ingenuity.

Photo credit:?supermedia.com

About the Author: Robert Cordray is a freelance writer and expert in business and finances. With over 20 years of business experience, Robert is now offers entrepreneur advice to small business owners.

Source: http://www.business.com/blog/5-solid-reasons-to-launch-your-online-business-now/

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Justin Bieber To Take On 'Saturday Night Live' Double Duty

The singer will host and perform February 9, sources confirm.
By Jocelyn Vena


Justin Bieber
Photo: Jamie McCarthy/ Getty Images

Source: http://www.mtv.com/news/articles/1699831/justin-bieber-hosting-saturday-night-live.jhtml

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Tuesday, January 8, 2013

Dropbox delivers long-promised app for Windows 8 and Windows RT

Dropbox delivers longpromised app for Windows 8 and Windows RT

We've been hearing talk of a Dropbox app for Windows 8 since the OS's big debut back in October, but there's now finally some good news for Windows users who favor the cloud-storage service. The Dropbox app is now available for both Windows 8 and Windows RT devices, offering all the basic features you'd expect (and not much more), including the ability to share files with with Windows 8's Share Charm. Windows Phone 8 users, on the other hand, still have some waiting to do for an official app.

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Via: Mobile Syrup, The Verge

Source: Windows Store

Source: http://www.engadget.com/2013/01/07/dropbox-app-windows-8-rt/

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