Thursday, May 23, 2013

Apple accused of $74bn US tax evasion ? RT Business

Apple, the US tech company is facing a government investigation after it was accused of evading billions of dollars in US taxes by using Ireland as a tax haven.

The investigation has uncovered a sophisticated scheme involving the creation of an international web of subsidiaries, reports the New York Times.?

The US Senate in a report blamed Ireland of being a tax haven for the computer maker. In particular the US government condemned Apple?s Irish tax arrangements, which in its view allow the company to lawfully avoid billions in US taxes.

Irish Deputy Prime Minister Eamon Gilmore said the issue with the two Irish subsidiaries allegedly helping Apple to avoid US taxes arose from other jurisdictions and not the Irish tax system, adding the Irish tax system is "very transparent".

The reports claim the computer maker has shielded around $74 billion in profits over the past four years from the US tax authorities through subsidiaries including two in Ireland. According to the Senate, Apple instead of taking a traditional path of opening accounts in offshore zones, created a chain of subsidiaries, which had no signs of physical presence.?

These companies officially registered in offshore zones like Ireland had no staff apart from top executives. Each of these companies being an offshore entity was free from taxes as well as the obligation to file tax returns.

"Apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven. Apple successfully sought the holy grail of tax avoidance. It has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere," said Senator Carl Levin, chairman of the US Senate Permanent Subcommittee on Investigations which is holding Apple's hearing.

Apple has so far denied claims of tax evasion in its testimony saying that the current legislation "has not kept pace with the advent of the digital age and the rapidly changing global economy." The tech giant argues that as 61 percent of the company's revenue last year came from international sales, foreign funds are needed for expansion, promotion and competition.?

The iPad and iPhone maker claims that the US system claims too much from the business ? 35 percent of the income, hence the company has to keep much of its funds abroad. In 2012 Apple contributed nearly $6 billion in taxes to the US economy.?

Apple has become the latest target of the Senate committee led by Democrat Carl Levin and Republican John McCain on investigating tax avoidance by US multinational companies.?

Other global companies are also in tax avoidance disputes. Google, Starbucks and Amazon are among them, and they have also fallen under suspicion of the UK parliament, which is currently checking their tax integrity.

Source: http://rt.com/business/apple-us-tax-avoidance-74bn-571/

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Economy Minister Confident of Lower Income Tax in 2015 | Spanish ...

May 23rd, 2013

Spain?s Minister of Economy and Competitiveness, Luis de Guindos, said on Monday that 2013 is a ?transition year?, paving the way for the lowering of income tax in 2015. During the presentation of the food industry?s internationalisation strategies, along with the Minister of Agriculture, Food and Environment, Miguel Arias Ca?ete, the Minister of Economy stated: ?2013 is a transition year in which we have to complete the correction of our imbalances. The recovery phase will be very clear in 2014, while this year will go from less to more and we anticipate that in the last quarter of the year the economy will have stabilised?.

De Guindos indicated his confidence that this economic recovery will allow the income tax to be reduced in 2015, and supported the statements of the Finance Minister, Cristobal Montoro, in which he claimed he wanted lower taxes, saying: ?I agree with the Minister of Finance?s statements, which demonstrates our stability program. The tax reduction is feasible?.

At the same time, as reported by Diario Sur, De Guindos expressed his opposition to the Institute for Fiscal Studies? (IEF) report, which indicates the need for a reduction in pensions of between 22% and 45% in order to ensure the sustainability of the system. ?The Government does not share the conclusions of this report and would question its seriousness because it is very easy to make a headline,? he said, and stressed that the pension system is ?guaranteed? due to the ?gradual reforms? being carried out by the Government.

Regarding the public debt, De Guindos emphasised that so far this year over 55% of the financing needs for 2013 have been covered. ?We accelerated funding requirements because we believe that the interest rates are appropriate. It seems relevant to me that funding is being projected at lower costs,? he said.

Finally, the Economy Minister said he was confident that ?positive messages regarding the commitment to the banking union? would emerge from the European Council this week. ?A year ago the problem was doubts over the future of the euro ? that has dissipated and now we are in doubt over Europe?s capacity for growth. Now we need to move forward together in order to get Europe out of the recession,? he concluded.


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Source: http://news.kyero.com/2013/05/23/economy-minister-confident-of-lower-income-tax-in-2015/

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Stock indexes head higher in afternoon trading

NEW YORK (AP) -- The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.

The Dow Jones industrial average rose 64 points to 15,399 shortly after 1 p.m. Eastern time, though trading volume was light.

"I think a lot of people are sitting on their hands waiting to see what the Fed says tomorrow," said Michael Binger, senior portfolio manager at Gradient Investments in Minneapolis, Minn.

On Wednesday, the Federal Reserve will release minutes from its most recent policy meeting and Chairman Ben Bernanke will go before Congress to discuss his outlook for the U.S. economy.

Investors are looking for any hints that the Fed will ease back on its multibillion dollar bond-buying program, which has helped lift the stock market to all-time highs.

Stock indexes had wobbled between gains and losses in early trading, then took a turn higher after James Bullard, head of the Fed's St. Louis branch, said the Fed should keep buying bonds to energize the economic recovery.

The Standard & Poor's 500 index gained six points to 1,672. The Nasdaq composite rose 11 points to 3,507.

J.P. Morgan Chase & Co. gained 2 percent. Shareholders of the country's biggest bank voted to allow Jamie Dimon to keep his two titles, CEO and chairman of the board. Some had sought to split the positions, a movement which gained momentum after massive losses tied to a single trader in London.

The bank's stock rose $1 to $53.29.

Home Depot surged 3 percent, the best gain among the Dow's 30 stocks. The retailer reported an 18 percent increase in quarterly income as the housing market continued to recover. Home Depot rose $2.18 to $78.93.

It's been another solid earnings season for big companies, with corporate profits hitting all-time highs even as revenues barely rise.

Seven of every 10 companies in the S&P 500 have trumped Wall Street's earnings expectations, according to S&P Capital IQ. First-quarter earnings are on track to climb 5 percent over the year before. Revenue is expected to rise just 1 percent.

In the market for U.S. government bonds, the yield on the 10-year Treasury note slipped to 1.93 percent from 1.96 percent late Monday.

In commodities trading, the price of gold fell $7 to $1,377. Gold has slumped 19 percent this year. Tame inflation, a stronger dollar and a surging stock market have made gold less appealing as an alternative investment.

Among other companies in the news:

? Carnival Corp slumped 5 percent, the biggest drop on the S&P 500. The cruise-ship operator cut its earnings forecasts for the year late Monday as it wrestles with the fallout from high-profile incidents in which passengers have been stranded at sea. Carnival's stock lost $1.92 to $33.40.

? Best Buy dropped 4 percent, after reporting a quarterly loss and sales that fell short of expectations. Its stock lost $1.16 to $25.65.

? TiVo gained 3 percent, or 44 cents, to $13.10. The digital video recording company narrowed its quarterly loss with the help of higher sales from more subscribers.

Source: http://news.yahoo.com/stock-indexes-head-higher-afternoon-173349271.html

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Wednesday, May 22, 2013

CIA Drones: Pentagon To Take Over Some Operations, Sources Say


* Pentagon control could open program to more congressional oversight
* Strikes in Yemen to be run by armed forces
* CIA to keep drone operations in Pakistan for now
By Tabassum Zakaria and Mark Hosenball
WASHINGTON, May 20 (Reuters) - President Barack Obama's administration has decided to give the Pentagon control of some drone operations against terrorism suspects overseas that are currently run by the CIA, several U.S. government sources said on Monday.
Obama has pledged more transparency on controversial counterterrorism programs, and giving the Pentagon the responsibility for part of the drone program could open it to greater congressional oversight.
Obama will make a speech on Thursday at the National Defense University in Washington that will include discussion of the government's use of drones as a counterterrorism tool. It is unclear whether he will announce the drone program shift in that speech or separately.
Four U.S. government sources told Reuters that the decision had been made to shift the CIA's drone operations to the Pentagon, and some of them said it would occur in stages.
Drone strikes in Yemen, where the U.S. military already conducts operations with Yemeni forces, would be run by the armed forces, officials said.
But for the time-being U.S. drone strikes in Pakistan would continue to be conducted by the CIA to keep the program covert and maintain deniability for both the United States and Pakistan, several sources said.
Ultimately, however, the administration's goal would be to transfer the Pakistan drone operations to the military, one U.S. official said on condition of anonymity.
The internal debate within the administration about whether to switch control of drone strikes to the military has been going on for months. Obama is under heightened pressure to show that his administration is transparent, after a series of scandals about civil liberties and allegations of government overreach broke last week.
A White House National Security Council spokeswoman and a CIA spokeswoman each declined comment.

DECISION AFTER MONTHS OF DEBATE
One of the reasons to make the shift is that it would help the CIA to return to more traditional spying operations and intelligence analysis, rather than paramilitary operations involving killing terrorism targets, officials have said.
The U.S. military is not engaged in ground combat in Pakistan, where the population in tribal areas has been angered by drone strikes and governments do not want to acknowledge that they allow U.S. unmanned aircraft to operate.
But in Yemen, the same sensitivities do not exist because the U.S. military is working with Yemeni forces in counterterrorism operations and so drone strikes in Yemen will shift to the Pentagon, two sources said.
There have been 355 drone strikes in Pakistan and 66 in Yemen, according to a widely cited drone attack database run by the New America Foundation think tank. (Database: http://natsec.newamerica.net/)
The United States has also carried out drone strikes in Afghanistan, Iraq, Libya and East Africa, some of them operated by the military.
The use of armed drones jumped in 2008 when President George W. Bush authorized the use of "signature" strikes, allowing the targeting of terrorism suspects based on behavior and other characteristics without knowing the targets' identities.
Rosa Brooks, a New America Foundation fellow and Georgetown University law professor, said the problem with the targeted killing program was "an assertion by the executive branch that it has this essentially unconstrained and unreviewable power to kill people."
Brooks, who previously served at the Pentagon, said she hoped that Obama would publicly release the legal justifications and analysis for the targeted killings overseas, including of U.S. citizens.
"I would also like to see the president say that we will acknowledge all strikes, that we will publicly report on identities of who was targeted, at least after the fact," she said. (Editing by Alistair Bell and Lisa Shumaker)

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Source: http://www.huffingtonpost.com/2013/05/21/cia-drones-pentagon_n_3309739.html

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Tuesday, May 21, 2013

Advance in nanotech gene sequencing technique

May 20, 2013 ? The allure of personalized medicine has made new, more efficient ways of sequencing genes a top research priority. One promising technique involves reading DNA bases using changes in electrical current as they are threaded through a nanoscopic hole.

Now, a team led by University of Pennsylvania physicists has used solid-state nanopores to differentiate single-stranded DNA molecules containing sequences of a single repeating base.

The study was led by Marija Drndi?, an associate professor in the Department of Physics and Astronomy in the School of Arts and Sciences, along with graduate students Kimberly Venta and Matthew Puster and post-doctoral researchers Gabriel Shemer, Julio A. Rodriguez-Manzo and Adrian Balan. They collaborated with assistant professor Jacob K. Rosenstein of Brown University and professor Kenneth L. Shepardof Columbia University.

Their results were published in the journal ACS Nano.

In this technique, known as DNA translocation measurements, strands of DNA in a salt solution are driven through an opening in a membrane by an applied electric field. As each base of the strand passes through the pore, it blocks some ions from passing through at the same time; amplifiers attached to the nanopore chip can register the resulting drop in electrical current. Because each base has a different size, researchers hope to use this data to infer the order of the bases as the strand passes through. The differences in base sizes are so small, however, that the proportions of both the nanopores and membranes need to be close those of the DNA strands themselves -- a major challenge.

The nanopore devices closest to being a commercially viable option for sequencing are made out of protein pores and lipid bilayers. Such protein pores have desirable proportions, but the lipid bilayer membranes in which they are inserted are akin to a film of soap, which leaves much to be desired in terms of durability and robustness.

Solid-state nanopore devices, which are made of thin solid-state membranes, offer advantages over their biological counterparts -- they can be more easily shipped and integrated with other electronics -- but the basic demonstrations of proof-of-principle sensitivity to different DNA bases have been slower.

"While biological nanopores have shown the ability to resolve single nucleotides, solid-state alternatives have lagged due to two challenges of actually manufacturing the right-sized pores and achieving high-signal, low-noise and high-bandwidth measurements," Drndi? said. "We're attacking those two challenges here."

Because the mechanism by which the nanopore differentiate between one type of base and another is by the amount of the pore's aperture that is blocked, the smaller a pore's diameter, the more accurate it is. For the nanopore to be effective at determining a sequence of bases, its diameter must approach the diameter of the DNA and its thickness must approach that of the space between one base and the next, or about 0.3 nanometers.

To get solid-state nanopores and membranes in these tiny proportions, researchers, including Drndi?'s group, are investigating cutting-edge materials, such as graphene. A single layer of carbon atoms in a hexagonal lattice, graphene membranes can be made a little as about 0.5 nanometers thick but have their own disadvantages to be addressed. For example, the material itself is hydrophobic, making it more difficult to pass strands of DNA through them.

In this experiment, Drndi? and her colleagues worked with a different material -- silicon nitride -- rather than attempting to craft single-atom-thick graphene membranes for nanopores. Treated silicon nitride is hydrophilic and has readily allowed DNA translocations, as measured by many other researchers during the last decade. And while their membrane is thicker, about 5 nanometers, silicon nitride pores can also approach graphene in terms of thinness due to the way they are manufactured.

"The way we make the nanopores in silicon nitride makes them taper off, so that the effective thickness is about a third of the rest of the membrane," Drndi? said.

Drndi? and her colleagues tested their silicon nitride nanopore on homopolymers, or single strands of DNA with sequences that consist of only one base repeated several times. The researchers were able to make distinct measurements for three of the four bases: adenine, cytosine and thymine. They did not attempt to measure guanine as homopolymers made with that base bind back on themselves, making it more difficult to pass them through the nanopores.

"We show that these small pores are sensitive to the base content," Drndi? said, "and we saw these results in pores with diameters between 1 and 2 nanometers, which is actually encouraging because it suggests some manufacturing variability may be okay."

Source: http://feeds.sciencedaily.com/~r/sciencedaily/health_medicine/genes/~3/vAZh4aFM0Ds/130520133718.htm

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Practice makes perfect? Not so much, new research finds

May 20, 2013 ? Turns out, that old "practice makes perfect" adage may be overblown. New research led by Michigan State University's Zach Hambrick finds that a copious amount of practice is not enough to explain why people differ in level of skill in two widely studied activities, chess and music.

In other words, it takes more than hard work to become an expert. Hambrick, writing in the research journal Intelligence, said natural talent and other factors likely play a role in mastering a complicated activity.

"Practice is indeed important to reach an elite level of performance, but this paper makes an overwhelming case that it isn't enough," said Hambrick, associate professor of psychology.

The debate over why and how people become experts has existed for more than a century. Many theorists argue that thousands of hours of focused, deliberate practice is sufficient to achieve elite status.

Hambrick disagrees.

"The evidence is quite clear," he writes, "that some people do reach an elite level of performance without copious practice, while other people fail to do so despite copious practice."

Hambrick and colleagues analyzed 14 studies of chess players and musicians, looking specifically at how practice was related to differences in performance. Practice, they found, accounted for only about one-third of the differences in skill in both music and chess.

So what made up the rest of the difference?

Based on existing research, Hambrick said it could be explained by factors such as intelligence or innate ability, and the age at which people start the particular activity. A previous study of Hambrick's suggested that working memory capacity -- which is closely related to general intelligence -- may sometimes be the deciding factor between being good and great.

While the conclusion that practice may not make perfect runs counter to the popular view that just about anyone can achieve greatness if they work hard enough, Hambrick said there is a "silver lining" to the research.

"If people are given an accurate assessment of their abilities and the likelihood of achieving certain goals given those abilities," he said, "they may gravitate toward domains in which they have a realistic chance of becoming an expert through deliberate practice."

Hambrick's co-authors are Erik Altmann from MSU; Frederick Oswald from Rice University; Elizabeth Meinz from Southern Illinois University; Fernand Gobet from Brunel University in the United Kingdom; and Guillermo Campitelli from Edith Cowan University in Australia.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/F3vIyII2ck4/130520163906.htm

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Wave of attacks kills at least 95 in Iraq

An Iraqi woman passes by the scene of a car bomb attack in Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad's Shiite neighborhoods and in the southern city of Basra killed and wounded dozens of people, police said. (AP Photo/ Hadi Mizban)

An Iraqi woman passes by the scene of a car bomb attack in Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad's Shiite neighborhoods and in the southern city of Basra killed and wounded dozens of people, police said. (AP Photo/ Hadi Mizban)

Civilians inspect the scene of a car bomb attack in the Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad?s Shiite neighborhoods and in the southern city of Basra killed and wounded scores of people, police said. (AP Photo/ Hadi Mizban)

Iraqi security forces and civilians inspect the scene of a car bomb attack in the Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad?s Shiite neighborhoods and in the southern city of Basra killed and wounded scores of people, police said. (AP Photo/ Hadi Mizban)

Civilians inspect the scene of a car bomb attack in Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad?s Shiite neighborhoods and in the southern city of Basra killed and wounded dozens of people, police said. (AP Photo/Hadi Mizban)

Iraqi security force members gather at the site of a car bomb attack in front of a crowded popular restaurant in Basra, 340 miles (550 kilometers) southeast of Baghdad, Iraq, Monday, May 20, 2013. Two car bombings in the southern city of Basra, killing and wounding dozens of people, police said. Iraq has seen a spike of attacks, including bombings hitting both Sunni and Shiite civilian targets over the last week. (AP Photo/ Nabil al-Jurani)

BAGHDAD (AP) ? A wave of attacks killed at least 95 people in Shiite and Sunni areas of Iraq on Monday, officials said, pushing the death toll over the past week to more than 240 and extending one of the most sustained bouts of sectarian violence the country has seen in years.

The bloodshed is still far shy of the pace, scale and brutality of the dark days of 2006-2007, when Sunni and Shiite militias carried out retaliatory attacks against each other in a cycle of violence that left the country awash in blood. Still, Monday's attacks, some of which hit markets and crowded bus stops during the morning rush hour, have heightened fears that the country could be turning back down the path toward civil war.

Sectarian tensions have been worsening since Iraq's minority Sunnis began protesting what they say is mistreatment at the hands of the Shiite-led government. The mass demonstrations, which began in December, have largely been peaceful, but the number of attacks rose sharply after a deadly security crackdown on a Sunni protest camp in northern Iraq on April 23.

Iraq's Shiite majority, which was oppressed under the late dictator Saddam Hussein, now holds the levers of power in the country. Wishing to rebuild the nation rather than revert to open warfare, they have largely restrained their militias over the past five years or so as Sunni extremist groups such as al-Qaida have targeted them with occasional large-scale attacks.

But the renewed violence in both Shiite and Sunni areas since late last month has fueled concerns of a return to sectarian warfare. Monday marked the deadliest day in Iraq in more than 20 months, and raised the nationwide death toll since last Wednesday alone to more than 240 people, according to an AP count.

Prime Minister Nouri al-Maliki accused militant groups of trying to exploit Iraq's political instability to exacerbate sectarian tensions at home, and blamed the recent spike in violence on the wider unrest in the region, particularly in neighboring Syria. At the same time, he pledged Monday that insurgents "will not be able to bring back the atmosphere of the sectarian war."

Many Sunnis here contend that much of the country's current turmoil is rooted in decisions made by al-Maliki's government, saying his administration planted the seeds for more sectarian tension by becoming more aggressive toward Sunnis after the U.S. military withdrawal in December 2011.

The worst of Monday's violence took place in Baghdad, where 10 car bombs ripped through open-air markets and other areas of Shiite neighborhoods, killing at least 48 people and wounding more than 150, police officials said. In the bloodiest attack, a parked car bomb blew up in a busy market in the northern Shiite neighborhood of Shaab, killing 14 and wounding 24, police and health officials said.

The surge in bloodshed has exasperated Iraqis, who have lived for years with the fear and uncertainty bred of random violence.

"How long do we have to continue living like this, with all the lies from the government?" asked 23-year-old Baghdad resident Malik Ibrahim. "Whenever they say they have reached a solution, the bombings come back stronger than before."

"We're fed up with them and we can't tolerate this anymore," he added.

The predominantly Shiite city of Basra in southern Iraq was also hit Monday, with two car bombs there ? one outside a restaurant and another at the city's main bus station ? killing at least 13 and wounded 40, according to provincial police spokesman Col. Abdul-Karim al-Zaidi and the head of city's health directorate, Riadh Abdul-Amir.

A parked car bomb later struck Shiite worshippers as they were leaving a mosque in the southern city of Hillah, killing nine and wounding 26, according to police and health officials said.

In the town of Balad, about 80 kilometers (50 miles) north of Baghdad, a car bomb exploded next to a bus carrying Iranian pilgrims, killing 13 Iranians and one Iraqi, a police officer said on condition of anonymity because he was not authorized to brief the media.

There was no immediate claim of responsibility for the attacks, but the fact that they all occurred in Shiite areas raised the suspicion that Sunni militants were involved. Also, Sunni insurgents, particularly al-Qaida in Iraq, are known to employ such large-scale bombings.

Monday's violence also struck Sunni areas, hitting the city of Samarra north of Baghdad and the western province of Anbar, a Sunni stronghold and the birthplace of the protest movement.

A parked car bomb in Samarra went off near a gathering of pro-government Sunni militia who were waiting outside a military base to receive salaries, killing three and wounding 13, while in Anbar gunmen ambushed two police patrols near the town of Haditha, killing eight policemen, police and army officials said.

Also in Anbar, authorities found 13 bodies dumped in a remote desert area, officials said. The bodies, which included eight policemen who were kidnapped by gunmen on Friday, had been killed with a gunshot to the head.

The officials spoke on condition of anonymity because they were not authorized to talk to the media.

___

Associated Press writer Nabil Al-Jurani in Basra contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-05-20-Iraq/id-4be18e5dd42045cbbad9886be6fb57e3

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Sunday, May 19, 2013

Iran's Guard warns against post-election turmoil

TEHRAN, Iran (AP) ? A senior commander in Iran's Revolutionary Guard has warned that his forces will be on watch for possible unrest after next month's presidential election, calling the outcome "unpredictable" and sending the strongest message yet against any attempts to revive street protests, media reported Sunday.

The comments by Col. Rasool Sanaeirad point to a wide-ranging effort by Iranian authorities to intimidate opposition groups that could use the June 14 voting for possible political demonstrations.

Pro-reform groups have been under relentless pressure and crackdowns since major protests following the disputed re-election of President Mahmoud Ahmadinejad in 2009. Ahmadinejad is not running in this election because Iran's constitution bars him from seeking a third term.

But the entry of former President Akbar Hashemi Rafsanjani into the race has re-energized reformists and brought backlash from hard-liners. The Guardian Council, a group controlled by the ruling clerics, vets all candidates and a final ballot list is expected on Tuesday.

Sanaeirad was quoted Sunday as saying the "election is unpredictable," but did not elaborate.

He also warned that a "possible riot in Tehran could spread" to other regions, claiming chances for turmoil are heightened because Iran is for the first time holding both presidential and municipal balloting at the same time.

The remarks further suggest that more security controls could be imposed before the election, such as restrictions on the Internet, which was used as the critical tool by the opposition Green Movement in 2009.

Sanaeirad's comments were published in several papers, including the pro-reform Bahar daily.

Despite frequent denials by officials that Internet service will be reduced during the elections, many Web users have complained that services have become very slow and many websites have been blocked, including the pro-Rafsanjani Aftabnews.ir and Meyarnews.com, a site backing another hopeful contender, Ahmadinejad's close aide, Esfandiar Rahim Mashaei.

On Friday, a member of the influential parliamentary committee of national security and foreign policy, Mohammad Saleh Jokar, said the government will block "enemies" using the Internet to "instigate people as we witnessed in 2009."

The pro-reform Aftab daily mocked the snail's pace of the Internet, calling it "escargot" and suggesting authorities would be better off to fully halt the net.

Iranians use proxy servers and other methods to bypass censors and access many popular websites, including Facebook and Twitter, and news sites such as BBC and Voice of America.

Presumed candidates on the ballot include Rafsanjani and rivals supported by the ruling clerics, such as top nuclear negotiator Saeed Jalili, Tehran mayor Mohammad Bagher Qalibaf and former foreign minister Ali Akbar Velayati.

A major question is whether the Guardian Council will clear Ahmadinejad's choice, Mashaei. His chances are severely hampered by his association with the president, who has fallen out of favor with the ruling theocracy over his challenges to the authority of Supreme Leader Ayatollah Ali Khamenei.

On Friday, Council chief Ayatollah Ahmad Jannati said the body may disqualify candidates who seek full relations with the United States. Jannati mocked nominees who hope the international sanctions over Tehran's disputed nuclear program will end if the country restores relations with the U.S.

No high-profile candidate has proposed full restoration ? Tehran and Washington have had no diplomatic ties since 1979 ? but Rafsanjani has suggested that better relations are possible.

Source: http://news.yahoo.com/irans-guard-warns-against-post-election-turmoil-082436418.html

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Big bling free to celebs in Cannes 'gifting suites'

Celebs

1 hour ago

Gather hundreds of celebrities and film executives on the French Riviera for the Cannes Film Festival and naturally, they need their glitter and glam.

One way the famous end up looking so good and so trendy is that often, they don't have to bring, or buy, their own fabulousness: They get special invitations to luxury "gifting suites" set up in hotel rooms at the film festival and can walk out with thousands of dollars of clothes and jewelry.

These rooms of swag aren't the only places where there's bling-related excitement to be found -- someone stole jewels meant for celebrities to wear on the red carpet straight from a hotel room very early on in the festival.

The Hollywood Reporter took a look inside some of these swag rooms stocked by famous brands including Chanel, Swarovski, Dior, and Jimmy Choo to find out what's up for grabs -- if you've got the right A-list name. Check out the video!

Source: http://www.today.com/entertainment/celebrities-visit-luxury-gifting-suites-cannes-walk-out-serious-swag-1C9983842

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Source: http://www.pixelite.in/understanding-what-website-hosting-is-and-ways-to-get-started/

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Saturday, May 18, 2013

Cricket-Australia to investigate Warner's Twitter rant

May 18 (Reuters) - Cricket Australia is to investigate an extraordinary Twitter outburst by opening batsmen David Warner that attacked two senior Australian cricket journalists.

The 26-year-old Warner criticised News Limited journalists Robert Craddock and Malcolm Conn in an expletive-filled tirade, which has created headlines in Australia.

"Cricket Australia is aware of comments made on David Warner's Twitter account overnight," Cricket Australia said in a statement on Saturday.

"Cricket Australia is attempting to contact Warner and will continue to investigate the matter.

"Cricket Australia will make further comment once it has conducted a thorough investigation."

It was unclear whether Warner's Twitter account had been hacked.

Several other high-profile Twitter accounts have been hacked in recent weeks, including some run by media organisations the Financial Times, the Guardian and the BBC.

News Limited, however, reported that Cricket Australia had contacted Conn to apologise for the tweets.

"I know that Cricket Australia aren't very happy with the language he's used to express himself this morning," Conn was reported on News Limited's website (www.news.com.au) as telling a Melbourne radio station.

"Cricket Australia have touched base with me and apologised and said that it was inappropriate and they'll be taking action."

Several Australian media organisations' websites published Warner's tweets in which he took issue with a story by Craddock before he embarked on a running battle with Conn, who had come to the defence of his colleague. (Reporting by Greg Stutchbury in Wellington; Editing by Patrick Johnston)

Source: http://news.yahoo.com/cricket-australia-investigate-warners-twitter-rant-051708062.html

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Play the Slate News Quiz

In Great Falls, Mont., last week, several downtown buildings were evacuated due to the smell of natural gas. The culprit, however, turned out to be not a gas leak but some discarded boxes of scratch-and-sniff cards designed by the utility company to teach customers what natural gas leaks smelled like. Are your problem-solving skills just as sharp? Time to find out.

Question 1 of 12

A new CDC study has revealed that what behavior now kills more teenagers than drunk driving?

More than 3,000 teens died last year while texting, exceeding for the first time the 2,700 or so killed in alcohol-related crashes.

Question 2 of 12

Last Friday, Guatemala's Efra?n R?os Montt became the first former world leader ever to what?

R?os Montt was sentenced to 80 years in prison for ordering the deaths of more than 1,700 Ixil Mayans when he governed Guatemala in the early 1980s.

Question 3 of 12

An Army sergeant who was a "sexual harassment/assault response and prevention coordinator" at Ford Hood, Texas, is being investigated by the Defense Department this week for what?

It's the second case in two weeks in which a DoD sexual assault prevention officer has been suspended or arrested for sexual assault.

Question 4 of 12

The German government is investigating allegations that a "Kartoffel Kartel" has engaged in a 10-year, billion-dollar conspiracy of price fixing on what?

Question 5 of 12

Republican senators floated a bill this week that would deny the president the $440 million in his budget for what?

The agency is even more unpopular than usual this week, due to charges that it improperly targeted conservative groups applying for tax-exempt status.

Question 6 of 12

A John Currin painting of what unlikely subject sold at Christie's in New York for $1.9 million on Wednesday evening?

The late Golden Girls star never posed for Currin, who said the painting came to him in a vision while he was walking home from the subway in Hoboken, N.J.

Question 7 of 12

What is "The Liberator," plans for which were removed from the Internet by State Department order last week?

The censorship order has only raised awareness of the new plastic guns, and many online DIY-ers have already posted their own updates and improvements.

Question 8 of 12

A furor erupted last week when the Walt Disney Company attempted to trademark the name of what holiday?

Disney subsequently withdrew its trademark application, saying that Pixar's "D??a de los Muertos" project has since been retitled.

Question 9 of 12

On Saturday, what country held its first ever "peaceful" elections to transition between civilian governments, though 29 people died in election-related violence?

"The voting day went fairly smoothly, by Pakistani standards," said Pakistani columnist Cyril Almeida.

Question 10 of 12

On Wednesday, the White House released 100 pages of emails detailing the behind-the-scenes machinations on what controversial issue?

Question 11 of 12

The mission of NASA's Kepler space telescope, which experienced a possibly fatal malfunction this week, was to find what?

Question 12 of 12

Disgraced former congressman Anthony Weiner is said to be hiring staff for what?

According to reports, Weiner hired Danny Kedem, an organizer for Hillary Clinton's 2008 presidential run, as his campaign manager Tuesday.

You got 8 out of 12 answers correct in 20 minutes 30 seconds.

Source: http://feeds.slate.com/click.phdo?i=f342f08e18c79693b9087da83e11c67c

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GPS solution provides three-minute tsunami alerts

May 17, 2013 ? Researchers have shown that, by using global positioning systems (GPS) to measure ground deformation caused by a large underwater earthquake, they can provide accurate warning of the resulting tsunami in just a few minutes after the earthquake onset. For the devastating Japan 2011 event, the team reveals that the analysis of the GPS data and issue of a detailed tsunami alert would have taken no more than three minutes.

The results are published on 17 May in Natural Hazards and Earth System Sciences, an open access journal of the European Geosciences Union (EGU).

Most tsunamis, including those in offshore Sumatra, Indonesia in 2004 and Japan in 2011, occur following underwater ground motion in subduction zones, locations where a tectonic plate slips under another causing a large earthquake. To a lesser extent, the resulting uplift of the sea floor also affects coastal regions. There, researchers can measure the small ground deformation along the coast with GPS and use this to determine tsunami information.

"High-precision real-time processing and inversion of these data enable reconstruction of the earthquake source, described as slip at the subduction interface. This can be used to calculate the uplift of the sea floor, which in turn is used as initial condition for a tsunami model to predict arrival times and maximum wave heights at the coast," says lead-author Andreas Hoechner from the German Research Centre for Geosciences (GFZ).

In the new Natural Hazards and Earth System Sciences paper, the researchers use the Japan 2011 tsunami, which hit the country's northeast coast in less than half an hour and caused significant damage, as a case study. They show that their method could have provided detailed tsunami alert as soon as three minutes after the beginning of the earthquake that generated it.

"Japan has a very dense network of GPS stations, but these were not being used for tsunami early warning as of 2011. Certainly this is going to change soon," states Hoechner.

The scientists used raw data from the Japanese GPS Earth Observation Network (GEONET) recorded a day before to a day after the 2011 earthquake. To shorten the time needed to provide a tsunami alert, they only used data from 50 GPS stations on the northeast coast of Japan, out of about 1200 GEONET stations available in the country.

At present, tsunami warning is based on seismological methods. However, within the time limit of 5 to 10 minutes, these traditional techniques tend to underestimate the earthquake magnitude of large events. Furthermore, they provide only limited information on the geometry of the tsunami source (see note). Both factors can lead to underprediction of wave heights and tsunami coastal impact. Hoechner and his team say their method does not suffer from the same problems and can provide fast, detailed and accurate tsunami alerts.

The next step is to see how the GPS solution works in practice in Japan or other areas prone to devastating tsunamis. As part of the GFZ-lead German Indonesian Tsunami Early Warning System project, several GPS stations were installed in Indonesia after the 2004 earthquake and tsunami near Sumatra, and are already providing valuable information for the warning system.

"The station density is not yet high enough for an independent tsunami early warning in Indonesia, since it is a requirement for this method that the stations be placed densely close to the area of possible earthquake sources, but more stations are being added," says Hoechner.

Note

Traditional tsunami early warning methods use hypocentre (the point directly beneath the epicentre where the seismic fault begins to rupture) and magnitude only, meaning the source of the earthquake and tsunami is regarded as a point source. However, especially in the case of subduction earthquakes, it can have a large extension: in Japan in 2011 the connection between the tectonic plates broke on a length of about 400km and the Sumatra event in 2004 had a length of some 1500km. To get a good tsunami prediction, it is important to consider this extension and the spatial slip distribution.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/ivC5m9wJeyc/130517085819.htm

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What?s the Matter With Portland?

Glass filled with drinking water from kitchen faucet. As of 2010, almost three-quarters of Americans drink fluoridated water from community water systems

Photo by Juri Samsonov/Think Stock

America is a fluoride nation. Beginning in 1945, when Grand Rapids, Mich., became the first city in the world to add the stuff to its water supply, the practice has spread across the United States. In most areas it is simply understood that ingesting minuscule levels of fluoride is good for dental health. As of 2010, almost three-quarters of Americans drink fluoridated water from community water systems, and the nation?s 30 most populous cities consume it.

With one weird exception: Portland, Ore., whose water system, sourced from the Bull Run River, serves 900,000 people.

A fluoridation proposal was put up for a popular vote in 1956, when many major metropolitan areas were adopting the practice, but it failed by a sizeable margin: 105,191 to 75,354. A similar attempt in 1962 failed, too. The late 1970s saw a flurry of activity, long after the issue had faded from the national political discourse. Oregon voters killed a statewide ballot initiative that would have banned fluoride (1976); Portlanders voted to add fluoride to the water (1978); and then they reversed course and voted to keep it out of the water supply (1980).

The fluoridation debate remained dormant until last summer, when someone leaked to the Oregonian that a coalition was quietly pushing the City Council to simply approve fluoridation without relying on a ballot measure. Less than a month later, the council unanimously did just that by enacting Ordinance 185612, which required the Water Bureau to add fluoride at 0.7 parts per million beginning in March, 2014. Atlantic Cities? Nate Berg wrote approvingly at the time, ?resistance from one of the country's biggest cities may be coming to an end.?

Resistance was just beginning. The banners of dissent were quickly raised. A public hearing on the ordinance lasted for almost seven hours, and almost all of the speaking time was taken by people against fluoridation. When the council voted the motion through, protesters booed loudly, vowing to bring the matter before the public. (Several of the more boisterous activists were expelled from the chamber.) Within a month more than 43,000 signatures were collected, more than twice the number needed to bring the issue to a popular vote.

?The fact that we collected so many signatures shows the citizens of Portland were really upset that they were going to fluoridate without a public vote,? says Kellie Barnes, spokeswoman for Clean Water Portland. ?We are entirely grassroots. The executive staff are all volunteers, none of us are paid. ? I?m a physical therapist and a mother who cares about not adding contaminants to our water.?

On paper, the fight over fluoridating Portland?s water supply looks absurdly uneven. The pro-fluoridation group Healthy Kids, Healthy Portland, as of May 13, had received $689,376 in cash and $65,093.64 in the form of donated supplies and labor. The anti-fluoridation Clean Water Portland received $194,333 and $59,137. Healthy Kids enjoys the backing of a diverse coalition that ranges from major health care and dental providers, such as Kaiser Permanente and the Oregon Dental Association (both have donated tens of thousands of dollars), to organized labor and almost all of the region?s major groups representing and organizing with people of color and low-income communities. Oregon?s Wild West campaign spending laws (they basically don?t have any) allow huge contributions: The Northwest Health Foundation alone has donated well over $200,000. The Urban League is the premiere advocacy group for Portland?s African-American community and it has an organizer devoted full-time to the cause.

Arguably most importantly, Healthy Kids and fluoridation have the endorsement of the massed forces of rationality and medical authority. Almost every credible national, state, and local health and science organization?private and public?gives its blessing to optimal levels of water fluoridation: The American Medical Association, the American Dental Association, the Environmental Protection Agency, the World Health Organization, American Academy of Family Physicians, and? the Center for Disease Control and Prevention, which named the measure one of the 10 greatest public health achievements of the 20th century. They all agree that fluoridated water is perfectly safe and extremely effective at preventing tooth decay.

Clean Water Portland?s anti-fluoridation supporters include the Pacific Green Party, Nutritional Therapy Association, Organic Consumers Association, Oregon Association of Acupuncture and Oriental Medicine, and the Cascade Club, a local libertarian think tank. The Portland chapter of the NAACP is the only local organization representing people of color that has come out against fluoride, but according to most political observers it is tiny and has very little influence. (United Latin American Citizens is also listed as a supporter because their national organization has opposed the policy generally, but according to Barnes their Portland chapter has not officially endorsed CWP.) Out-of-state supporters include the Fluoride Action Group and Kansas Taxpayers Network, which is a far-right group that recently merged with Americans for Prosperity. Anti-fluoride funding also comes from a variety of groups bearing the name of Joseph Mercola, a doctor the FDA censured multiple times for making untrue health claims. His website includes articles opposing fluoridation, vaccinations, and mammograms. Mercola.com also features an extensive interview with a man who denies that HIV causes AIDS.

Source: http://feeds.slate.com/click.phdo?i=d689926333bf33583fd39210fb78a702

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Lenovo's IdeaCentre Horizon Table PC finds a home in Treehouse workstation, other funky furniture

Lenovo's IdeaCentre Horizon Table PC finds a home in Treehouse workstation, other funky furniture

Looking for a place to stick that super-sized slate? You might opt to mount it in a wooden table modeled after a treehouse, or a piece of furniture designed to accommodate a digital "family game night." Of course, you'd clearly be drawing some inspiration from two such concepts that feature Lenovo's Horizon Table PC as the star of the show -- both, along with a third project that employs a more traditional bar-stool concept, will debut at the International Contemporary Furniture Fair next week in New York City. (You're going, right?) It's certainly not the first time we've witnessed a non-traditional marriage of form and function, but considering that we have yet to see these gigantic 1080p tablets on the street, it's a bit of a curiosity at the moment.

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Source: http://www.engadget.com/2013/05/16/lenovos-ideacentre-horizon-table-pc-treehouse/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Thursday, May 16, 2013

Josh Rosner on How Dodd Frank Institutionalizes Too Big to Fail ...

Josh Rosner of Graham Fisher testifies before a subcommittee of the House Financial Services committee today on why Dodd Frank has not ended too big to fail, but also has managed to entrench the megafirms? advantaged position.

Rosner provided Congressional testimony on this same topic in 2011, and deemed Dodd Frank?s plans for winding down systemically important firms to be unworkable. Rosner has good company here; the BIS and the international bank lobbying group the IIF reached the same conclusion.

Rosner stresses that he?s not advocating the repeal of Dodd Frank but describing what is flawed so it can be remedied or replaced, and that he sees the sort of fixes embodied in the bills approved in the House to weaken derivatives regulations as a step in the wrong direction.

Rosner focuses on Articles I and II of Dodd Frank and describes how their plans to deal with resolving large firms has only made matters worse. It?s key to understand that these two sections are somewhat at odds with each other. Dodd Frank peculiarly provides for two ways to wind up systemically important firms. Title I says they should prepare for bankruptcy. They need to clean up how they are organized and make sure activities fit or can be mapped into legal entities and prepare living wills, which are plans for how they would wind themselves up. But confusingly, banks can also be ?resolved? which is more like ?rescued with a little pain inflicted on investors? under Title II. Title II provides for a second way to deal with stressed financial firms, which includes having the government provide what amounts to debtor-in-possession financing while the bank is restructured. This, sports fans, is what is otherwise known as a bailout.

In his previous testimony, Rosner criticized how having two ways to resolve a firm would create uncertainty in times of stress:

It is especially problematic that Dodd-Frank allows for ambiguity when defining institutional failure. The manner in which one is allowed to fail determines and defines its ?going concern? value when alive. Every firm must be able to fail under the same regime?a different resolution regime for a select group of firms will create incentives for creditors of those firms to treat them differently in life than the ?less important? firms. It was this ambiguity that created the incentives for Lehman to make itself less able to fail and thus less easily resolved.

Put it another way: you wouldn?t need Title II resolutions, described in the bill as the Orderly Liquidation Authority, if the authorities believed they could put them down using the bankruptcy code.

And, not surprisingly, the banks haven?t been fully cooperative in drawing up those living wills. And why should they? Follow the incentives. In a bankruptcy, top management is out and a trustee is in charge. By contrast, in a Title II resolution, the odds are good they?d survive. As Rosner writes:

While a true liquidation would result in the replacement of management, in the FDIC?s proposed regime, key management of failed operating subsidiaries would be able to continue to manage the newly recapitalized firm. Although the FDIC claims they would replace personnel there is no requirement to do so. Their decisions will be arbitrary and driven by both the perceptions of regulators and market realities. The risk remains that, even in instances in which it is clear that management should be replaced there may be a lack of a deep bench of available industry management. This was the reality during the past crisis. Artificial enrichment of personnel responsible for corporate failure is only one of the major problems with Title II.

So not surprisingly, the latest reports, filed a month ago, showed that the banks were going through the form of preparing living wills and far from having viable plans. From the Wall Street Journal:

U.S. regulators are demanding extensive new information from banks detailing how the government could dismantle their operations in the event of a crisis, saying information provided so far presents ?obstacles? to an orderly resolution?.

Banks are being asked to provide specific discussions of each of the five ?obstacles? identified by regulators in the living wills, as well as a discussion of what steps they plan to take to mitigate the problems.

Now in fairness, the banks have a point. We?ve said the the OLA is unworkable, and so are bankruptcies, because resolution is a national process but these firms are international, with many trading books passed from time zone to time zone over a 24 hour day. Another major impediment are derivatives. Internationally recognized expert Satyajit Das has written about how ?largely untested legal arrangements failed to work as intended? in the Lehman bankruptcy. He has also discussed at some length about ?standardized? derivatives documentation isn?t as standard as you?d think, how many contain options as to how and when they are closed out (which will inevitably be exploited whenever possible) and how their valuation is often contested. This implies that reducing TBTF firm OTC derivative exposures and revisiting how they are wound down in bankruptcy and resolutions are essential to making a resolution a real possibility, but no one seems willing to cut that Gordian knot.

Rosner draws out the implications of the OLA:

The FDIC recognized that a ?liquidation? authority would be deleterious to financial markets in a moment of crisis. Restructuring a firm, not liquidating a firm, is the proven way to preserve an institution?s value?.Bankruptcy has and should continue to be the preferred means to restructure the assets of failed firms. Instead, OLA is effectively a cram down that requires a huge amount of debtor-in-possession (DIP) financing from the Treasury.

This financing is a taxpayer-funded and anti-competitive subsidy. It supports the continuation of a banking system in which ?All animals are equal but some animals are more equal than others?. This is perhaps the easiest way to understand that these companies are far too large; the system simply can?t fund them in bankruptcy..

Simply stated, Title II creates further subsidies for a handful of firms that will be costly to taxpayers and bestow further advantages to systemically important financial institutions (SIFIs) relative to non-SIFI firms?. The OLF will be cheap and will provide great benefit ? only the non-systemically holding company creditors will take losses, and the company will emerge from OLA much as it entered, to do it all again. We can?t allow this to happen ? OLA rewards companies for becoming ?systemically important? and overly influential, it hurts smaller companies, and stifles innovation. The government created it and the government can and should take it away

I urge you to read Rosner?s testimony in full. It?s short, well written, and makes some important technical issues accessible to laypeople. And it makes the key point deadly clear: Dodd Frank didn?t address too big to fail adequately, but measures that water it down only make a bad situation worse.

Rosner Testimony on Title II ? 05/14/2013

Source: http://www.nakedcapitalism.com/2013/05/josh-rosner-on-how-dodd-frank-institutionalizes-too-big-to-fail.html

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Centamin Q1 earnings jump 71 pct, operations on track

May 15 (Reuters) - Post positions for the 138th running of the Preakness Stakes, to be run at Pimlico on Saturday (Post Position, Horse, Jockey, Trainer, Odds) 1. Orb, Joel Rosario, Shug McGaughey, even 2. Goldencents, Kevin Krigger, Doug O'Neill, 8-1 3. Titletown Five, Julien Leparoux, D. Wayne Lukas, 30-1 4. Departing, Brian Hernandez, Al Stall, 6-1 5. Mylute, Rosie Napravnik, Tom Amoss, 5-1 6. Oxbow, Gary Stevens, D. Wayne Lukas, 15-1 7. Will Take Charge, Mike Smith, D. Wayne Lukas, 12-1 8. Govenor Charlie, Martin Garcia, Bob Baffert, 12-1 9. ...

Source: http://news.yahoo.com/centamin-q1-earnings-jump-71-pct-operations-track-065649316.html

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House readies to vote on yet another bill to repeal health-care law (Washington Post)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, RSS Feeds and Widgets via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/306080458?client_source=feed&format=rss

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18 Incredible Objects Being Kept Under Wraps

Wrapping presents for Christmas or for someone's birthday is a pleasure in most cases. Wrapping luxury cars and towering trees and Space Shuttles, though, takes it to a whole new level.

Although you lose the element of surprise in most of this covered-up curiosities, it's still exciting to see these huge prophylactic objects in disguise. If only I had a Christmas tree big enough for them to fit under.


A wrapped and shrouded personalized Bentley car waits to be shipped and united with its owner, at the Bentley Motors Factory in Crewe, England.

Photo: Christopher Furlong/Getty Images


Boats for sale wrapped in plastic sit outside Kowaliga Marina on Lake Martin in Kowaliga, Alabama.

Photo: Dave Martin/Getty Images


A British Harrier Supermarine Scimitar sits on the flight deck of the USS Intrepid in New York City, as workers continue to prepare the the ship for its trip to dry dock repairs.

Photo: Chris Hondros/Getty Images


U.S. Army Apache and Black Hawk helicopters await loading aboard the USNS Mendonca, which will be setting sail for the Persian Gulf.

Photo: Stephen Morton/Getty Images


Obsolete Atlas Inter-Continental Ballistic Missiles wrapped and stacked side by side at Norton Air base, California, 1965.

Photo: Ivor Davis/Express/Getty Images


Aerial view of the "Wrapped Reichstag" art project by Christo and Jeanne-Claude in Berlin, 1995.

Photo: Jockel Finck/AP


Shrink-wrapped buses in San Francisco.

Photo: Todd Lappin/Telstar Logistics


An X-47B Unmanned Combat Air System (UCAS) demonstrator sits obscured on the deck of the USS George H.W. Bush.

Photo: Mass Communication Specialist 2nd Class Tony D. Curtis/U.S. Navy

Sealing these CH-46E "Sea Knights," at Naval Air Station North Island, California, helps prevent corrosion during periods in saltwater environments.

Photo: Mate 3rd Class Gregory E. Badger/U.S. Navy//Mate 3rd Class Gregory E. Badger/U.S. Navy


Army OH-58 Kiowa Warrior helicopters are ready for deployment to Iraq from the Naval Weapons Station in Charleston, S.C.

Photo: Bart Jackson/U.S. Navy


The X-38 lifting body research vehicle at the Dryden Flight Research Center in 2004.

Photo: NASA/DFRC


A shrink-wrapped Afghan MD 530F aircraft gets ready for transport at the Redstone Arsenal base, Alabama in 2011

Photo: Sofia Bledsoe/Non-Standard Rotary Wing Aircraft Project Management Office


A London statue given some red plastic protection.

Photo: Chris P Dunn


The Space Shuttle Atlantis, shrink2wrapped in plastic to protect it from dirt and dust, is prepared for display at the Kennedy Space Center Visitor Complex. Atlantis is scheduled to be on display to the public in July 2013.

Photo: John Raoux/AP


Spacelab is wrapped and ready for transport to the National Air and Space Museum in Washington, DC. Spacelab was designed by the European Space Agency (ESA) for the Space Shuttle program and first flew on STS-9 in November 1983. Its final flight was the STS-90 Neurolab mission in April 1998.

Photo: NASA


Visitors walk among wrapped trees in Riehen, Switzerland Sunday, December 13, 1998, admiring the work of environmentalist artists Christo and Jean Claude.

Photo: Winfried Rothermel/AP


More art: Somerville Road in Worcester is bubble-wrapped to highlight the importance of taking care on the roads. January 27, 2010.

Photo: Michael Blann/Getty Images for Confused.com


Local peace activists wrap a tank in front of the Bundeswehr Military History Museum in Dresden, Germany with colorful knits to demonstrate for peace and against violence on Feb. 11, 2013.

Photo: Oliver Killig/DPA/AP


Top photo: Mass Communication Specialist 2nd Class Timothy Walter/U.S. Navy

Source: http://gizmodo.com/18-incredible-objects-being-kept-under-wraps-496256853

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