Monday, August 5, 2013

Spotify brings curated playlists to Android and iOS

Spotify brings curated playlists to Android and iOS

Sick and tired of picking your own music to play all the time? Spotify's been working to up its recommendation game, through the launch of features like social and Discover, now pushing things even further with Browse. The feature brings curated playlists to the music streaming service, starting with a "gradual" rollout on iOS and Android today, followed by the rest of Spotify's platforms at some point. The playlists, chosen by Spotify staffer, are built around moments, moods and new releases. More info can be had after the break.

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Source: http://www.engadget.com/2013/08/05/spotify-browse/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Sunday, August 4, 2013

From recession's wake, education innovation blooms

SCOTTSDALE, Ariz. (AP) ? On a warm spring evening, hundreds of investment bankers, venture capitalists and geeky tech entrepreneurs gathered near the pool of the Phoenician, a luxury resort outside Phoenix. The occasion? A high-profile gathering of education innovators, and as guests sipped cocktails and nibbled hors d'oeuvres, the mood was upbeat.

Major innovations ? forged by the struggles of the Great Recession and fostered by technology ? are coming to higher education.

Investment dollars are flooding in ? a record-smashing 168 venture capital deals in the United States alone last year, according to conference host GSV Advisors. The computing power of "the cloud" and "big data" are unleashing new software. Public officials, desperate to cut costs and measure results, are open to change.

And everyone, it seems, is talking about MOOCs, the "Massive Open Online Courses" offered by elite universities and enrolling millions worldwide.

As with so many innovations ? from the light bulb to the Internet ? the technology is bubbling up mostly from the United States, fueled by American capital chasing profitable solutions to American problems. But as with those past innovations, the impact will be global. In this case, it may be even more consequential in developing countries, where mass higher education is new and the changes could be built into emerging systems.

Many of the 1,500 attendees here? up from a few hundred in recent years ? agreed the excitement is centered more in higher ed than lower levels. Global demand is surging. And college tuition dollars ? including, in the United States, $200 billion annually in federal student financial aid ? follow the students where they choose to enroll, making the market more competitive and open to innovation.

They also agreed on the surprising origins of this spring-like moment: the wintry depths of the financial crisis that struck five years ago.

"People started to say, 'How do we do more with the resources we have?'" said Jim Shelton, the U.S. Department of Education's top innovation guru. "Technology has almost always answered that question for other sectors."

Richard Demillo, director of the Center for 21st Century Universities at the Georgia Institute of Technology, put it another way: The Great Recession exposed structural flaws in higher education. The system simply cost too much and accomplished too little.

"Everything from cost to price to the mission of universities kind of went under the microscope," Demillo said. "Enter technology."

What does this wave of educational innovation entail? To be sure, it includes the MOOCs and all sorts of "adaptive learning" software that promises to teach and measure some things better and more cheaply than a human teacher. The idea is to free up teachers for what they do best, not replace them, advocates insist, though many are skeptical.

But in some ways, the innovation is broader than the technology itself, which many call cool but not yet revolutionary. It's what the technology is doing ? breaking down higher education across two dimensions: time and distance.

Recent financial pressures and these new technologies are opening cracks in traditional, age-old structures of higher education. Terms like "credit hour" and even the definition of what it means to be a college are in flux.

Higher education is becoming "unbundled." Individual classes and degrees are losing their connections to single institutions, in much the same way iTunes has unbundled songs from whole albums, and the Internet is increasingly unbundling television shows and networks from bulky cable packages.

"The consumer, after five years on a tablet and five years on an iPhone, is just sick of being told, 'you can't do that," said Brandon Dobell, a partner at William Blair & Co., an investment bank and research firm based in Chicago. "I can do everything else on my phone, my tablet. Why can't I learn as well?"

____

We've been here before. Every new technology promises to transform education.

In the 18th century, the U.S. post office brought correspondence courses. In the 1930s, the big radio networks talked about turning the airwaves into a university for the masses. The Open University, launched in Great Britain in 1971, promised much the same for television. The Internet produced online learning, now 20-plus years old.

All those technologies had some effect. But traditional universities are still around ? dominant and expensive. Technology didn't solve the scale problem: One teacher can lecture millions of students online. But truly "teach" them, with personal feedback and interaction?

"There's an endless faith in education in technology," said John Meyer, a Stanford University sociologist of education, and skeptic of the latest trends. "Right now, there's a kind of binge of belief that the Internet will solve the problem."

The arrival of MOOCs, however, in little more than a year, has many believing this time is different.

At his desk at a telecom company in central Lagos, the Nigerian capital, Ugochukwu Nehemiah used to take his full one-hour lunch break. Now, he quickly devours his meal, then watches his downloaded MOOCs. He's already finished courses in business, energy and sustainability, and (ironically) disruptive innovation, taught by institutions like the Massachusetts Institute of Technology and the University of Maryland.

Nehemiah needs a master's to advance at work, but cannot afford the United Kingdom program where he's been admitted. The MOOC learning doesn't translate into a widely recognized credential. But the teaching is free, not available locally, and helps him even without a credential.

"It's a form of self-development," said Nehemiah, a father of two. "The way I would speak when I have meetings to attend," he added, "would be much different than the way I had spoken if I had not taken this course."

Some MOOCs are only a modest step up from glorified lecture videos. But the star power of famous professors has helped make them hugely popular.

When nonprofit edX offered its first MOOC in "Circuits and Electronics" last spring, 154,000 students from more than 160 countries signed up (though only 8,000 lasted to the final). Now edX has 900,000 students and more than 30 courses. For-profit rival Coursera has 4.1 million students, 406 courses and 83 partner institutions.

The MOOCs, though, are just one part of this new landscape.

Sal Khan, a charismatic former hedge-fund adviser, discovered his knack for explaining things while tutoring his young cousins in algebra in 2004. In 2006, he uploaded his first YouTube video and two years later founded Khan Academy. (One of the formerly struggling cousins just got into MIT).

Today, Mountain View, Calif.-based Khan has more students than all the MOOCs combined : Six million unique users a month from 216 countries watch one of more than 4,000 videos available on Khan Academy's website. These are not full courses, but connected series of free, bite-sized lessons ? about 10 minutes each ? taught by Khan and others in everything from math to art history.

You can watch in 28 languages, from Spanish to Farsi, Bengali and Portuguese.

The appeal of such technologies is obvious: getting great teachers in front of more ? millions more ? students.

Yet Khan talks excitedly not just of shaking up education across distance, but time. He says students can learn what they need, when they need it, without having to take and pay for an entire course.

"Whether we're talking basic literacy or quantum physics, it's the ability to cater to one person's needs," Khan said.

___

Here's the centuries-old concept of time in traditional universities: Yoke together students of differing abilities, sit them in lecture halls, teach them at the same speed. After 12 or 15 weeks, whether they pass with an A or a D-minus, give them equal credit.

"We've organized higher education into this factory model where we bring a group of students in post-high school and march them through more or less in lockstep," said Demillo, the Georgia Tech professor, who is also the author of "Abelard to Apple: The Fate of American Colleges and Universities." "People that don't conform are rejected from the factory and people that make it through are stamped with a degree."

Researchers have long understood students generally do better with customized speed and regular assessment, Demillo said.

Such individualized learning was economically impossible. "But technology is a great multiplier just like in business, and it gives you the ability to do that," he said.

At Arizona State University in Tempe, President Michael Crow is also a believer in innovation's ability to improve and scale up teaching ? and make better use of time.

Crow practically punctuates his sentences with the word "innovation," and his giant university feels like a laboratory. As he describes it, five years ago ASU was already tearing down department walls, embracing technology in the classroom and re-engineering research across disciplines.

Then the Great Recession's housing bust crushed Arizona's economy, and ASU took a 50-percent state funding cut. Suddenly, it had to push even harder.

"Innovation doesn't occur when you're lying around on the beach," Crow said.

ASU's challenges mirror the country's and the world's. Amid scarce resources, it's trying to accommodate diverse and growing demand.

Unlike virtually any other major American university, it grew substantially through the downturn, expanding from 50,000 students to around 72,000 over the last decade. Completion rates are up, too, so the number of graduates has roughly doubled.

Classroom technology is a part of that. On a weekday morning last spring, a handful of students worked through problems in a developmental math course that looks little like the traditional model. There's no lecturer or blackboard; software takes students through the material at their own speed, adjusting to their errors. An instructor is available to answer questions ? a model that's proven cheaper and more effective than the traditional class.

Yet what matters most here isn't the technology in the room. It's what isn't here: Most students have mastered the material and moved on ahead of schedule.

ASU has broken up the traditional model of two-semesters-per-year into six parts. Some classes have accelerated versions that run essentially at double-speed: six or 7.5 weeks. So students who quickly finish a flexible-time class don't have to wait up to three months before starting a new one. They can move more quickly and cheaply toward their degree.

Meanwhile, those who need the full 15 weeks for a course, or longer, can take it. But ultimately they will probably save time, too. Because the learning technology won't let students move on until they truly master the material, they're less likely to flunk out of the "downstream" classes they advance into.

"We began to say, 'What are all these sacred cows about time?'" Crow said. "What we're looking for is intensification by freeing up the clock."

Some such "innovations" alarm traditionalists who consider education a "seasoning process" that can't be rushed. Crow agrees, but only for part of the education experience. He wants technology to free up faculty resources for upper-division and critical thinking courses where that kind of seasoning and interaction really matter, and for the other endeavors of a physical university.

"Technology cannot produce new ideas," Crow said. "Technology cannot produce new understandings. Technology cannot produce new connections between disciplines."

He's wary of other models that threaten to "unbundle" the college degree entirely from institutions, and disconnect it completely from in-person interaction.

"That's a fatal error," he said.

The factory model has its advantages. Peer pressure ? and paying tuition ? incentivize students to stick with classes. Roughly 90 percent who sign up for MOOCs aren't completing.

Coursera co-founder Daphne Koller's response to that is that 80-85 percent who intend to complete a MOOC do so. It's just that most don't want or need a whole class. So really, she says, MOOCs actually help solve academia's wasted time problem.

But Koller admits MOOCs can't do everything.

"If you have the opportunity to sit in a classroom with a great lecturer, 12 people around the table having a discussion, then by all means that is the best educational experience you can have," Koller, a former Stanford computer science professor, told a recent conference of education journalists there.

"I'm not trying to substitute that with technology," she said. "But even at Stanford I can't make the claim that students spend the majority of their time in classes with less than 20 people."

___

Changing concepts of academic time could have far-reaching effects, on both costs and classrooms.

More than a century ago, the Carnegie Foundation invented the "credit hour," which became the basic unit of academic time across education, measuring hours spent in class but not necessarily what students learned.

Now, the foundation is reviewing the whole model with an eye possibly toward a more competency-based approach ? awarding credit for what students learn, not how long.

The U.S. government is interested, too. In March, the Department of Education approved a competency-based program at Southern New Hampshire University and signaled other colleges could get federal approval for programs that don't mark time in traditional credit hours. Such programs are starting to emerge.

For students who want to move through college quickly, "this has the potential of really changing the cost curve," said Jeff Selingo, editor at large at the Chronicle of Higher Education and author of the new book "College (Un)bound: The Future of Higher Education and What It Means for Students." For others, it could free up time for other important learning experiences ? like research with faculty or study abroad.

But change won't come easily. The credit hour is consistent and measurable. Carnegie admits competency-based learning is hugely complex, and it could end up sticking with the credit hour. When 46 countries in Europe recently integrated their system of academic credit, they stayed with a mostly time-based system.

Similarly tectonic shifts may be happening with accreditation ? another traditional pillar of American higher education that's been a model for the world, but which technology threatens to transform.

Accreditation, a process essentially run by traditional universities, determines who can award credit and degrees and collect federal financial aid dollars. It offers a quality control other countries envy. But it's also a kind of self-regulating club that limits competition. To education entrepreneurs who can't give credits or degrees, it's an innovation-squelching monopoly that keeps them from offering their solutions to the problem of college affordability.

The Obama administration said earlier this year it wants more flexibility in the accreditation system, to reward things like value and student outcomes ? results, rather than just faculty and physical resources a college provides.

Such developments could open the door to new types of providers. They have entrepreneurs optimistic, though pushing for more.

"The whole monopoly on credentialing is slowly breaking," said Burck Smith, co-founder of Baltimore-based Straighterline, a small start-up with large ambitions.

The company offers online courses (its first ones were self-paced but with tutors available) in subjects like algebra and chemistry. Without accreditation, it can't offer credit itself. But about 40 colleges have agreed to award credit to students who finish Straighterline courses ?"unbundling" some of their teaching to a specialized provider.

Students also can't use federal aid to pay for Straighterline courses. But because Straighterline doesn't have a campus, it doesn't charge for things like football teams, student unions and career counselors. It charges only for teaching: $99 a month, a price most can pay without federal aid. It plans to enroll about 15,000 this year.

Some colleges can justify their $50,000 price tag, Smith said. But for students who just want well-taught basic courses, without bells and whistles, why shouldn't the market offer just that?

U.S. Secretary of Education Arne Duncan was asked recently whether he would push for more changes to open up the market. He said he wants to make room for more experiments and to see the data.

"College costs are crushing lots of Americans," Duncan said. "I think technology has a chance, an opportunity, to be very, very disruptive, very helpful there."

"I'm extraordinarily interested," he said. "I'm not sold."

___

There's no simple story here. We're headed to a blended world, a partnership between innovators and traditional universities. Each side needs the other.

Students already take Straighterline courses to shorten their time at a traditional college. More than 20,000 classrooms globally use Khan Academy material.

California state universities are offering blended models ? MOOC learning materials with onsite help from faculty ? and 10 state college systems announced similar plans. California's early experience suggests blended models can be effective, but simply replacing in-person classes with MOOCs is not. Technology alone can't yet achieve the broadest educational goals ? especially for students who need more help.

Roughly 40 percent of Coursera's registered students come from developing countries, and close to half of edX's. Most, though, have already managed to get an undergraduate degree. Will other students have the Internet access to take MOOCs, let alone learn effectively from them?

"Disadvantaged populations need higher-touch services, not self-services," said Peter Stokes, an expert on education innovation at Northeastern University.

Abdoulaye Coulibaly, 26, is an English master's student at Felix Houphouet Boigny University in the West African nation of Ivory Coast. He does not believe online education can or should replace the classroom.

"We're going to be very lazy online," he said. "If you put my class online I'm going to take it and I'm not going to come to the university again. We need to come to class. They're the teachers and they have to teach us. If we don't understand, we need to ask questions. That's the only way for us to understand."

And yet, MOOCs have obvious allure in a place where the few universities burst at the seams ? if they function at all. Post-election violence recently forced Felix Houphouet Boigny to close for 17 months. Squatters took over the campus, and its libraries still have no books. Just getting to school is an ordeal; Coulibaly must leave his home at 5 a.m. to snag a seat in 8 a.m. class, and he's been robbed a half-dozen times en route. The university has 60,000 students, but is often short classroom space.

To Coursera's Koller, the MOOCs' potential is if anything greater in places like Ivory Coast.

India's latest official 5-year plan calls for increasing college enrollment by roughly 2 million students each year, to help it catch up with emerging economies like Brazil and China. Koller says meeting its goals would require India to build 1,500 new universities ? when it can't staff its current ones. Scaled-up teaching through technology is its only hope.

Francisco Marmolejo, a longtime Mexican university administrator who now leads the World Bank's higher education efforts, said governments around the world are intrigued by the MOOCs, but also anxious. Technology's potential to solve the scale problem is obvious. But they fear the MOOCs will become an excuse to ignore the imperative of building local institutions.

Physical universities are "a place where you train to become a citizen," he said. "It is not the new technologies against the old system. It is the blended component that I believe may be the key."

In 1997, Marmolejo noted, the late management guru Peter Drucker predicted big university campuses would disappear within 30 years. He'll almost certainly be wrong about that. The importance of place and human interaction looks, if anything, to have been magnified.

But Drucker may well be proved correct in comparing the scale of the changes coming to higher education to the revolution unleashed by the printing press.

Universities "need to change and they will change," Marmolejo said. "Technology will absolutely help them to change."

____

Robbie Corey-Boulet reported from Abidjan, Ivory Coast.

___

Online:

https://www.coursera.org/

https://www.edx.org

Follow Justin Pope on Twitter at http://www.twitter.com/Justin_Pope1

Source: http://news.yahoo.com/recessions-wake-education-innovation-blooms-201030830.html

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Southern California hospitals ranked in surgical safety

A first-of-its-kind national analysis by Consumer Reports found that Southern California's safest hospital for surgery is in Victorville, while its lowest-ranked is located in Whittier.

Desert Valley Hospital on the southwestern edge of San Bernardino County outperformed big-name university and research medical centers across Los Angeles County, scoring a relatively high 63 out of 100 on the magazine's ratings because its patients went without bloodstream infections for 766 days and had 38 percent fewer adverse events during almost 100 surgical procedures, researchers found.

PIH Health, formerly Presbyterian Intercommunity Hospital in Whittier, scored a 26, the second lowest rating statewide. The hospital reported 31 surgical-site infections in 2,228 surgical procedures among its patients between April and December of 2011.

The report looked at how patients fared during and after surgery at more than 2,400 hospitals nationwide, between 2009 and 2011. Scores are based on the percentage of a hospital's Medicare patients who died in the hospital or stayed longer than expected for their procedure in five areas: back surgery, hip replacement, knee replacement, angioplasty, and carotid artery surgery.

Researchers found that up to 30 percent of hospital patients suffer infections, heart attacks, strokes, or other complications after surgery.

Consumers Report also found that the most prestigious hospitals

were not the best.

"Well-known hospitals don't always live up to their reputations," the magazine wrote. "Teaching hospitals, thought to represent the nation's best and the recipients of generous federal funding, often fell short in our surgery Ratings. Though some did rate high, on average teaching hospitals performed no better than other hospitals."

But Desert Valley scored a better than average ranking in avoiding complications.

"We're thrilled to be recognized but the attitude we take is there are lots of things we get recognized for," said Dr. Margaret Peterson, CEO for Desert Valley. "We understand the awards are one thing, but we're always trying to achieve that zero number, such as the zero percentage of complications. You're always striving."

PIH Health officials did not return calls for a comment.

Of the 353 hospitals evaluated in California, Sutter Medical Center in Sacramento scored the highest with 67 out of 100. Delano Regional Medical Center in Kern County was the lowest with a 25.

Many of the hospitals across the San Fernando Valley ranked between 36 to 54.

Cedars-Sinai Medical Center in Los Angeles, known for its clinical research and work in medical advancements, disputes the way the score by Consumer Reports was derived. It earned a 54.

Cedar-Sinai officials said it is the only hospital in California -- and one of five nationwide -- to have a 30-day mortality rate better than the national average for five consecutive years for all three of the following key diseases: heart failure, pneumonia and heart attack.

"The scores attempt to combine and weigh different sets of publicly available data into aggregate hospital safety scores and surgical ratings, a methodology that calls into question the validity and usefulness of the information," according to a statement from Cedars-Sinai. "The portion of its report that examines surgical safety also relies on billing claims data submitted to Medicare rather than on clinical data from patient records."

Consumer Reports acknowledges that its scoring system may have shortfalls. But researchers also said hospitals did not make all vital records available. Of the 107 hospitals rated in Los Angeles and San Bernardino counties, 36 did not provide enough information and were not ranked, including those within the Kaiser Permanente Health System.

"We wish we had access to more comprehensive, standardized information, but this is the best that is available," Dr. John Santa, medical director of Consumer Reports Health, said in a statement. "We know the ratings aren't a perfect measurement but we think they're an important first step in giving patients the information they need to make an informed choice. And we hope that by highlighting performance differences, we can motivate hospitals to improve."

Teaching hospitals such as Ronald Reagan UCLA Medical Center and Harbor-UCLA Medical Center in Torrance scored a 41 and 34, respectively.

Keck Hospital at USC ranked 36.

Officials there said while ratings and rankings can be helpful, there are limitations that do not tell the full story.

Hospitals that treat sicker patients, for example, may report more complications following surgery," according to a statement from Keck. "Research indicates that academic medical centers attract and treat the most acute cases because of their access to innovative clinical trials and research. Also, larger hospitals tend to report better outcomes, based on patient volume."

But Consumer Reports disputes that claim, saying that hospitals in urban areas and rural areas often can excel.

"We found several urban hospitals that did well despite often serving poorer, sicker patients, including Mount Sinai Hospital in New York and University Hospitals Case Medical Center in Cleveland," according to Consumer Reports. "And rural hospitals actually did better, on average, than other hospitals."

Anne Arundel Medical Center in Maryland scored the highest in the nation on the Consumer Reports list, with a rank of 74 for surgical safety. The worst included the University of Connecticut's John Dempsey Hospital in Farmington, Conn., and South Shore Hospital in Chicago, Ill. Both earned a 17.

The summary of the hospital report can be viewed at consumerreports.org though a paid subscription is necessary to see detailed information.

susan.abram@dailynews.com
@sabramLA on Twitter

Source: http://www.dailynews.com/ci_23787391/southern-california-hospitals-ranked-surgical-safety?source=rss_viewed

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Saturday, August 3, 2013

NASA and ESA To Demonstrate Earth-Moon Laser Communication

[unable to retrieve full-text content]cylonlover writes with this news bite about a cool new ground to space laser communication system from NASA and ESA: "Space communications have relied on radio since the first Sputnik in 1957. It's a mature, reliable technology, but it's reaching its limits. The amount of data sent has increased exponentially for decades and NASA expects the trend to continue. The current communications systems are reaching their limits, so NASA and ESA are going beyond radio as a solution. As part of this effort, ESA has finished tests of part of a new communications system, in preparations for a demonstration in October in which it will receive a laser data download from a NASA lunar orbiter."

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Friday, August 2, 2013

Kerry: Egyptian military didn't take over Egypt

ISLAMABAD (AP) ? U.S. Secretary of State John Kerry says the Egyptian military did not take over but instead was "restoring democracy" in Egypt.

The military overthrew President Mohammed Morsi after protests by millions of people. They demanded Morsi step down after a year as Egypt's first democratically elected president. The military then installed a civilian interim government and called for elections next year.

The Obama administration has refused to call the ouster a coup. That designation that would cut off $1.3 billion in annual military aid to Egypt.

Kerry says millions of people asked the military to intervene because they were afraid the country would descend into violence.

Kerry spoke during an interview with Geo TV in Pakistan, where he is making his first visit as secretary of state.

?

?2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Source: http://www.fox23.com/news/world/story/Kerry-Egyptian-military-didnt-take-over-Egypt/NVZNFWJoOUeRJalgOCw22w.cspx?rss=80

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Microsoft Forced To Drop 'SkyDrive' Brand Name

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(click image for larger view and for slideshow) Microsoft can't use the term "SkyDrive" to refer to its consumer cloud storage service, according to a court ruling, as it is too similar to branding from Rupert Murdoch's U.K. pay-TV supplier BSkyB.

BSkyB brought an action in the England and Wales High Court to force the IT giant to drop the name, claiming the similarity could be "confusing" for British residents; BSkyB is universally known as "Sky" in the country. The basis of the case was that the name breached Sky's copyright.


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Microsoft has agreed to drop the name and says it will not challenge the ruling by Justice Sarah Asplin, originally made in late June, that some buyers could end up confused and that the Microsoft service name did infringe on two registered Sky trademarks.

[ Storage is a key issue for Microsoft. Read Windows Server 2012 R2 Improves Storage Spaces. ]

BSkyB had offered a service in the U.K. called "Sky Store & Share," which was an online storage service available for customers to upload and share digital files and photos, and information about events and appointments. Though discontinued in December 2011, the judge found this very significant. She also noted that users having problems with SkyDrive had ended up calling BSkyB's helpline, mistakenly thinking it was behind the technology.

BSkyB has struck a deal with Microsoft, which means it can continue to use the SkyDrive moniker "for a reasonable period of time" so as to allow for an orderly transition to any new brand identity.

Apparently that's part of a wider, though confidential, set of agreements between the two firms, which press reports in London suggest include some kind of financial aspect. In a joint statement, the two firms said, "The settlement of this case reflects the desire of both companies to focus on joint projects to benefit their customers," suggesting they have put the spat firmly behind them.

"We're glad to have resolution of this naming dispute, and will continue to deliver the great service our hundreds of millions of customers expect, providing the best way to always have your files with you," added Microsoft.

The tech company said it will change the name of the service, although it didn't reveal a new name. Technically, the problem only exists within the European Union, according to the judgment. So Microsoft could still use the name outside that territory. But it seems more likely a fresh identity will be created.

Microsoft managers may be getting used to changing names after copyright claims, though, so that may not be such a problem for them: last year it was forced by European lawyers to drop the name "Metro" for its Windows 8 UI, after German firm Metro AG complained. It's now called the Modern UI.

Items from pills to power plants will soon generate billions of data points. How will this movement change your industry? Also in the new, all-digital Here Comes The Internet Of Things issue of InformationWeek: How IT can capitalize on the NSA's big data prowess. (Free registration required.)

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Thursday, August 1, 2013

Malaysia Building Society Bhd achieves pre-tax profit of RM484.7mil ...

KUALA LUMPUR, July 31 ? Malaysia Building Society Bhd (MBSB) achieved a pre-tax profit of RM484.7 million, an increase of 107.9 per cent, for the six months period ended June 30, 2013, from RM233.1 million chalked up the
same period last year.

The improved financial results were mainly due to increased net income from Islamic banking operations.

?The improved financial results were contributed by retail business.

?Nevertheless, our corporate business lending activities have also shown marked improvements with disbursements for the first six months of this year up 42.1 per cent as compared to last year,? said President and Chief Executive Officer Datuk Ahmad Zaini Othman in a statement today.

The strong results also improved the group?s net return on equity of 38.0 per cent, as at June 30, 2013, from 37.6 per cent as at March 31, 2013, respectively.

As at June 30, 2013, net loan advances and financing stood at RM29.2 billion, an increase of 20.2 per cent, compared with RM24.3 billion registered as of Dec 31,2012.

?The group?s non-performing loans ratio stood at 3.2 per cent as at June 30, 2012, from 4.5 per cent recorded on Dec 31, 2012,? he said.

On deposits from customers, Zaini said it stood at RM26.6 billion as at June 30, 2013, up 23.8 per cent, from RM21.5 billion chalked up as of Dec 31, 2012.- BERNAMA

Source: http://news.abnxcess.com/2013/07/malaysia-building-society-bhd-achieves-pre-tax-profit-of-rm484-7mil/?utm_source=rss&utm_medium=rss&utm_campaign=malaysia-building-society-bhd-achieves-pre-tax-profit-of-rm484-7mil

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BSkyB ? Microsoft full press release

Earlier today Microsoft announced it would not pursue an appeal of a decision by the High Court of England and Wales that ?SkyDrive? infringed on trademarks held by BSkyB. The two companies released a joint press release on the subject, but since it hasn?t appeared yet on the Microsoft News Center or the list of Sky press releases, here it is:
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British Sky Broadcasting and Microsoft Reach Settlement in Trade Mark Case

Sky allows Microsoft temporary use of SkyDrive name during transition period following trade mark infringement judgement ? while Microsoft agree to forego planned appeal

British Sky Broadcasting Group plc (?Sky?) and Microsoft Corporation (?Microsoft?) have today announced the settlement of trade mark infringement proceedings in the European Union brought by Sky against Microsoft in the English High Court. The settlement of this case reflects the desire of both companies to focus on joint projects to benefit their customers.

In June, High Court Judge Mrs Justice Asplin issued a judgment holding that Microsoft?s use of the name SkyDrive infringed Sky?s rights in the ?Sky? mark.

According to the settlement, Microsoft will not pursue its planned appeal of this decision and Sky will allow Microsoft to continue using the SkyDrive name for a reasonable period of time to allow for an orderly transition to a new brand. The agreement also contains financial and other terms, the details of which are confidential.

?We are pleased to have reached a settlement after Microsoft agreed not to appeal the trade mark infringement judgment in relation to its SkyDrive service,? said Sky. ?We will remain vigilant in protecting the Sky brand and will continue to take appropriate action against those companies who seek to use our trade mark without consent.?

Microsoft said, ?We?re glad to have resolution of this naming dispute, and will continue to deliver the great service our hundreds of millions of customers expect, providing the best way to always have your files with you.?

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We?ll keep you posted on more as it becomes available. In the meantime, what do you think Microsoft should call SkyDrive?


Source: http://feedproxy.google.com/~r/liveside/~3/2MP7QJ3cWNk/

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New analysis sheds light on the links between chemicals in our body and income

[unable to retrieve full-text content]A new study has found that the build-up of harmful chemicals in the body is affecting people of all social standings -- not just those from economically deprived backgrounds as previously thought.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/AnWizovxaqg/130801095946.htm

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