Shoshana notes

~ Tuesday, October 18 ~
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Sri Lanka stx at 10-mo low on foreign selloff


* Rupee steady amid heavy importer demandCOLOMBO, Oct 18 (Reuters) - Sri Lanka’s stock market fell for a sixth straight session on Tuesday to a 10-month low in thin turnover due to forced selling to clear margin debt and liquidity fears.The island nation’s main share index closed 1.07 percent or 68.99 points down at 6,388.52, lowest since Dec. 21, 2010. It has fallen 5.8 percent since Oct. 1. The bourse is Asia’s fifth-best performer with a year-to-date loss of 3.7 percent after being on the top for most of 2011.The recent fall has pushed the index deep into oversold territory. The relative strength index on Tuesday fell to 18.86 from Monday’s 21.63, well below its lower neutral range of 30.The bourse witnessed a net foreign outflow of 35.5 million rupees on Tuesday and thus far in 2011, offshore investors have sold 17 billion, and sold a record 26.4 billion in 2010.Bourse data showed foreign investors sold over 80,000 shares of conglomerate John Keells Holdings and 30,800 of Bukit Darah while buying nearly 300,000 of Dialog Axiata .Keells fell 0.6 percent to 198.50 rupees, Bukit Darah fell 0.14 percent to 1068.50 rupees while Dialog fell 1.23 percent to 8 rupees.Losers outperformed gainers by 185 to 34 on Tuesday, Thomson Reuters data showed.Turnover was at 1.3 billion Sri Lanka rupees ($11.8 million), less than last year’s average of 2.4 billion and this year’s 2.6 billion.Tuesday’s total volume was 73.2 million against a five-day average of 59.3 million. The 30-day and 90-day average trading volumes were 134.5 million and 124.3 million. Last year’s daily average was 67.9 million.The rupee closed flat at 110.18/20 a dollar for a 13th straight day, as a state bank continued dollar sales at 110.20 rupees in spite of heavy importer dollar demand, dealers said.FACTORS TO WATCH: - If central bank can maintain a narrow dollar trading range - How much the central bank buys in repo auctions - Rupee depreciation due to heavy importer dollar demandDATAColombo Stock Exchange:Stock Market Volume (Shares)Current Volume Average Volume 30 Days73,233,298 134,527,399Yield and Price of Sri Lanka’s sovereign bonds:Maturing year Tenure amount Reuters yield2012 5-yr $500 mln 5.663-5.1582014 5-yr $500 mln 5.856-5.3612020 10-yr $1,000 mln 6.5104-6.36062021 10-yr $1,000 mln 6.4964-6.3559* For Sri Lankan treasury securities benchmarks and data, please click and* For interbank lending rate or call money rate or* For secondary market rates, please see <0#LKBMK=>. ($1 = 110.200 Sri Lanka Rupees)

Tags: Sri Lanka stx at 10mo low on foreign selloff
45 notes
~ Monday, October 17 ~
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Insight: Nobel winner’s last big experiment: Himself


The winner of the 2011 Nobel prize in medicine, who died only three days before the award was announced on Monday, ultimately tried as many as eight unproven treatments.”He felt that human clinical investigation was the highest form of research, that it was critical to engage in it,” Dr. Sarah Schlesinger, Steinman’s clinical lab director and colleague at New York’s Rockefeller University, told Reuters. “He had great criticism of how slowly the process moved … he was impatient with data and mice,” she added.Friends and colleagues said Steinman was devoted to research that would make a difference in the lives of people.That became more apparent after his own cancer diagnosis, recalls Dr. Louis Weiner, director of Georgetown Lombardi Comprehensive Cancer Center in Washington, D.C., who worked with Steinman on a cancer immunology panel through the American Association of Cancer Research.”Because he was looking down the barrel of his own gun in a sense, he shared the cancer patient’s sense of urgency that we identify new and effective treatments,” Weiner said.”He didn’t want to be held hostage to failed concepts, to petty obstacles that interfere with the development of effective therapies. He wanted to see effective treatments made available to people so that they could be helped.”Steinman spent his entire career on immunology research for which he won the Nobel Prize, an honor he shares with American Bruce Beutler and French biologist Jules Hoffmann for their contributions to explaining the immune system.Steinman’s discovery of dendritic cells in 1973 led to the first therapeutic cancer vaccine, Dendreon’s Provenge, which treats men with advanced prostate cancer.When Steinman was diagnosed with stage-four pancreatic cancer four-and-a-half years ago, the cancer had already begun to spread to his lymph nodes.”He elected to receive all of the conventional therapy that was available. He had surgery and conventional chemotherapy as well, but he was quite certain that was unlikely to cure him or even allow him very much time,” Schlesinger said.”The one-year survival for what he had was less than 5 percent.”RALLYING AROUNDDr. Michel Nussenzweig, head of molecular immunology at Rockefeller who had worked with Steinman for more than three decades, said Steinman had already been working on dendritic cell therapy when he became ill and wanted to try it himself. The medical community rallied around.”Many people all over the world helped to get a vaccine for him, but it was designed entirely by Ralph and the effort was coordinated by Ralph,” Nussenzweig said.Despite the urgency, it was played strictly by the book - which meant hours painstakingly filling out paperwork for U.S. regulators and carefully following study protocols.”Sometimes you hear of people in the back room of the lab injecting themselves,” Schlesinger said. “That was not this. An immense amount of my last four years was spent on the paperwork,” said Schlesinger, whose working relationship with Steinman dates back to her high school days, when she spent summers working in his lab.She said Food and Drug Administration regulators were quick and responsive, but did not cut the team any slack. “Things that would have taken months to turn around, turned around in days,” she said.Nussenzweig took a portion of Steinman’s tumor and used that to grow cells in the lab that would help form the basis of personalized cancer treatments.There were no immunotherapy trials going on at Rockefeller at the time that could help Steinman, and to start from scratch would be too time-consuming.”He had all of these friends and colleagues who offered basically whatever they had,” Schlesinger said.Steinman initially got an experimental vaccine called GVAX, which was first developed by Dr. Elizabeth Jaffee at Johns Hopkins University in Baltimore and is now being developed by BioSante Pharmaceuticals.”The first set of dendritic cells he received, we gave him in collaboration with a biotech company called Argos Therapeutics,” Schlesinger said.The researchers made dendritic cells from Steinman’s blood and from blood precursor cells.”We charged them with RNA that had been extracted from his tumor at the time of the operation and then we administered those cells to him,” Schlesinger said.He got them eight or nine times over a course of several months, and then also received chemotherapy.Researchers at Baylor University Medical Center in Dallas also offered a melanoma vaccine they were working on for Steinman to try.And then there were more conventional treatments: he got a chemotherapy drug from Eli Lilly and Co called gemcitabine or Gemzar, Bristol-Myers Squibb Co’s newly approved melanoma treatment ipilimumab or Yervoy, Roche’s Tarceva, which targets proteins involved in cancer growth, and a drug from Roche’s Genentech unit that interferes with the so-called hedgehog signaling pathway that can become reactivated with certain cancers.All of the treatments had been cleared for use by U.S. regulators in clinical trials.”It’s not like we were hooking something up in the lab and injecting him,” Schlesinger said.Steinman ultimately tried as many as eight therapies.Schlesinger said he initially wanted to try each treatment one by one and study them to see if they offered any benefit. “Ralph believed he was going to be cured and he was going to publish this. So we had to do it in such a way that it would be publishable,” said Schlesinger.But both she and Nussenzweig put their foot down and insisted on doing treatments simultaneously.”We literally had to argue with him that it was only going to be a case report anyway. There was no statistical significance to one person, no matter how well the experiment was designed, and we just had to save him,” Schlesinger said.She said she never questioned using the experimental drugs on her longtime friend and mentor. “I often felt like, ‘Oh my God, why can’t I do this better?”BORROWED TIMESteinman lived four-and-a-half years after getting a diagnosis that typically kills people within a year or less.Colleagues say it is impossible to know what prolonged his life. Whether it was surgery, chemotherapy or the experimental treatments, Steinman was convinced it was his own beloved dendritic cells, the specialized immune system that eventually won him the Nobel Prize.He worked up to the very end. The day before entering the hospital for the last time, he spoke with Schlesinger for several hours about his lab’s latest research on a vaccine for the human immunodeficiency virus or HIV.”I could see him getting sicker, but his spirit was so indomitable and he was so optimistic,” she said.Steinman’s health declined quickly after Schlesinger’s meeting with him a week earlier (September 24).”On Sunday he got short of breath, and he went into the hospital and he had pneumonia and a blood clot on his lung so he was being treated for that,” she said. “Wednesday he really took a turn for the worse so in the end it was very quick.”Steinman died on Friday, September 30.Schlesinger was told by the family of his death on Saturday. “They sort of swore us to secrecy … because he had a network of hundreds of people and they wanted privacy,” she said. The plan had been for Michel Nussenzweig to tell the university of his passing on Monday morning.But that was abandoned when the family got an e-mail around 5:30 a.m. from the Nobel Committee at Sweden’s Karolinska Institute, saying he had won the medicine prize.Nobel awards are not given to people posthumously and earlier in the week Steinman’s daughter Alexis even joked with her father that he needed to hold out until the awards were announced on Monday.Schlesinger said the secrecy about being admitted to the hospital had nothing to do with the Nobel prize.”He didn’t want to be bothered by anybody … at the end he just wanted to be with his family,” she said.Goran Hansson, Secretary General of the Nobel Committee, said Steinman had been in Stockholm in March to give a lecture and seemed to be in good shape.”We had done what we could in terms of checking on websites and with people and there was no indication that he was about to die immediately,” Hansson said.In the end, the Nobel Committee decided to award the prize to Steinman posthumously.”I was so sorry he did not live long enough to receive the recognition, to get the happiness out of being recognized this way,” Hansson said.Many of his friends felt the same way. “I wish he’d had a chance to take a victory lap,” Weiner said.

Tags: Insight Nobel winners last big experiment Himself
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~ Friday, October 14 ~
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Lucchini owners, creditors reach accord on debt-sources


Creditor banks have agreed to accept 100 million euros in partial debt repayment, which is less than the 180 million euros they were earlier expecting, another source said.Lucchini, owned by Russia’s steel tycoon Alexei Mordashov and his steel group Severstal , has been locked for months in debt restructuring talks with Italian banks Intesa Sanpaolo , Unicredit , Banca Monte dei Paschi di Siena and French lender BNP Paribas .

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Republican Perry to lay out energy jobs proposals


* Has faced struggle in race to win Republican nominationBy Steve HollandWEST MIFFLIN, Pennsylvania, Oct 14 (Reuters) - Republican presidential candidate Rick Perry will outline a plan on Friday to boost U.S. oil and gas exploration that he says will create 1.2 million jobs.The Texas governor, who is looking to rebound from a series of recent struggles, is to appear at a steel mill in the Pittsburgh suburbs to promote the first part of an economic growth package.Perry is to call for rolling back some federal regulations and opening up more federal lands for energy exploration and production, particularly for natural gas.”We are standing atop the next American economic boom — energy,” Perry will say. “The quickest way to give our economy a shot in the arm is to deploy American ingenuity to tap American energy. But we can only do that if environmental bureaucrats are told to stand down.”After some shaky debate performances and other distractions, Perry has fallen behind front-runners Mitt Romney and Herman Cain in opinion polls of Republicans who are seeking to determine who their nominee will be to oppose Democratic President Barack Obama in the November 2012 election.Perry, however, has strong backing from many conservatives and raised $17 million in the third quarter of this year, ensuring he will have a well-funded campaign to wage battles in the early voting states of Iowa, New Hampshire and South Carolina.In excerpts of his speech released by his campaign, Perry will say his plan can largely be carried out through a series of executive orders without requiring congressional approval.”The plan I present this morning — energizing American jobs and security — will kick-start economic growth and 1.2 million American jobs,” Perry will say.Perry would open up for exploration and production Alaska’s Arctic National Wildlife Refuge, which has long been an environmental battleground between Democrats and Republicans.He would allow more offshore drilling in the Gulf of Mexico and areas of the Atlantic while protecting the ecologically fragile Florida Everglades, aides said.And he would back the Keystone XL pipeline to bring crude from Canada’s tar sands to the U.S. Gulf Coast. The pipeline is caught up in U.S. red tape and opposed by many on various environmental grounds.”My plan will break the grip of dependence we have today on foreign oil from hostile nations like Venezuela and unstable nations in the Middle East to grow jobs and our economy at home,” Perry will say.Perry would seek to rein in both the Environmental Protection Agency and activists who try to slow down energy projects through lawsuits.Perry will zero in on Obama, who is struggling to reduce the stubbornly high U.S. unemployment rate of 9.1 percent amid weak growth.”The choice in this election is between two very different visions for our country. When it comes to energy, the president would kill domestic jobs through aggressive regulations while I would unleash 1.2 million American jobs through safe and aggressive energy exploration at home,” Perry will say.

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~ Tuesday, October 11 ~
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Wisconsin woman charged with murder for cutting fetus


Annette Morales-Rodriguez faces two counts of first-degree homicide in district court, accused of using an Exacto knife to cut the fetus from a 23-year-old woman’s abdomen on Thursday. Neither the mother nor the baby, a boy, survived.Morales-Rodriguez told detectives her boyfriend wanted a baby boy but she was unable to get pregnant, then feigned a pregnancy and panicked when it was time to have the baby, authorities said.She drove around her neighborhood, locating the victim outside a public agency frequented by pregnant women, and offered her a ride to a local drug store, according to the complaint.Morales-Rodriguez then told the pregnant woman she needed to stop at home to change her shoes. While the victim was inside using the bathroom, Morales-Rodriguez struck her in the head several times with a baseball bat, the complaint said.Court documents said she then strangled her and taped her mouth, hands and feet with duct tape before trying to cut out the fetus.”She cut at the bikini line attempting to duplicate the process she had seen on the Discovery Channel, depicting a caesarean section birth,” the district attorney wrote in the complaint.Morales-Rodriguez then called the paramedics to report that she had just given stillbirth to a child in the shower, the complaint said.”She said that she had just given birth and the baby was not breathing,” Police Chief Ed Flynn said during a news conference over the weekend.The baby was pronounced dead at the scene and Morales-Rodriguez was taken to the hospital by paramedics.Police later learned that the woman was not the mother of the child. Investigators returned to Morales-Rodriguez’ home where they discovered the mother’s body in the basement by the hot water heater.Morales-Rodriguez, who was being held on $1 million bond, faces life in prison if convicted.

Tags: Wisconsin woman charged with murder for cutting fetus