শুক্রবার, ৩ মে, ২০১৩

Tiny flying robots! Meet the quadrotor

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Gamblers get lucky at Genting's Singapore casino

By Anshuman Daga and Eveline Danubrata

SINGAPORE (Reuters) - A stroke of bad luck. That's what casino operator Genting Singapore PLC blamed for reporting a sharply lower-than-expected quarterly profit, while also flagging a cautious outlook due to muted Chinese economic growth.

Genting Singapore's Resorts World Sentosa, one of two casinos in the island state that are the envy of the global industry since opening three years ago, said that its 35 percent fall in core earnings simply came down to so-called "premium" gamblers getting lucky.

Those figures were in stark contrast to Wednesday's quarterly earnings announced by Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, which had been boosted by strong results in Singapore and Macau.

Genting Singapore's January-March adjusted earnings before interest, tax, depreciation and amortization (EBITDA) fell to S$249.7 million ($202.5 million) from S$381.4 million a year ago.

Five analysts polled by Reuters had on average expected a profit of S$359 million by the casino operator, which is more than half owned by Malaysia's Genting Bhd.

Sands' rolling chip volume, or betting volume by VIP players, at its Marina Bay Sands in Singapore rose 42.2 percent to $18.21 billion in the quarter, the highest quarterly volume in the property's history.

The two Singapore casinos are the world's most profitable, but concerns have risen about debts from Chinese high-rollers and China's economic uncertainty.

"Moving forward, looking at the economic situation around the world and also the noises that are coming out of China, we are cautious," Tan Hee Teck, president and chief operating officer at Genting Singapore, told an analysts' call on Thursday.

He expects Genting Singapore to write-off some of its debt this year. "We are not pulling back, but we are being a little bit more cautious," Tan said, when asked if the casino would scale down the amount of credit given to its VIP customers.

Sands said it wrote off $11 million in its Singapore property in the first quarter.

Despite Genting Singapore reporting record volume in its VIP business, Tan was cautious about the outlook for the rest of the year.

The company's shares ended up 4.9 percent on Thursday on expectations of strong results after Sands' performance.

NEXT: "BET ON JAPAN"

Genting Singapore said on Thursday premium gamblers got lucky and won more of their bets in the first quarter.

"Compared to the first quarter of 2012, the first quarter's performance was largely affected by a much weaker win percentage in the premium players' business despite a significant increase in the premium players' rolling volume," it said in a statement.

Genting Singapore, which is sitting on a cash pile of nearly S$4 billion, is keen to open a casino in Japan and is also interested in pursuing regional deals.

A pro-casino group of Japanese lawmakers has tapped an influential member of the ruling Liberal Democratic Party (LDP) as its leader and plans to submit legislation this year aimed at opening the world's third-largest economy to casino gambling.

"If you ask me, if I were a betting man, I would say the chances of it going through this year would probably be like 70-80 percent," Tan said.

(Editing by Jeremy Laurence)

Source: http://news.yahoo.com/gamblers-lucky-gentings-singapore-casino-001630598.html

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Police arrest mother of baby abandoned Hawaii baby

HONOLULU (AP) ? A day after a woman reported finding an abandoned newborn crying in the sand on a Hawaii beach, police arrested her and revealed she's the baby's mother.

Keala Simeona, 21, of Honolulu, was arrested Tuesday for filing a false police report. Police don't expect to pursue additional offenses at this time. She posted $250 bail and was released.

She had told police she was parked at Sandy Beach in east Honolulu sometime between 11:30 p.m. Sunday and midnight when she heard several people screaming. After the screaming stopped, she said, she walked toward the ocean and found the naked newborn and took her to a hospital.

It's up to Family Court to decide whether to return the child to her family or whether parental rights will be terminated, the state Department of Human Services said in a statement. An initial hearing is scheduled for Monday.

To determine parentage, the department plans to ask the court to order the mother to submit to DNA testing. It will also seek DNA testing for the father, if a father is identified.

Department Director Patricia McManaman said Monday that the full-term, 8-pound baby was born immediately before she was found. However, officials couldn't pinpoint an exact time of birth. The baby was doing well and drinking formula at the hospital, McManaman said, while police investigated the case as child abandonment.

A woman who answered the phone at Simeona's home identified herself as her sister said she wasn't home.

A spokeswoman for the human services department said officials had just learned about Simeona's arrest and didn't yet have any comment. The department had planned to file a petition this week with family court, seeking custody if no family came forward to claim the baby.

Human services officials are informally calling her Baby Sandy.

Source: http://news.yahoo.com/police-arrest-mother-baby-abandoned-hawaii-baby-013115839.html

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Want to slow mental decay? Play a video game

May 1, 2013 ? There may be a way for older people to prevent natural aging of their minds, and it could be as simple as playing a video game.

That's according to a study from the University of Iowa, which found that elderly people who played just ten hours of a game priming their mental processing speed and skills delayed declines by as many as seven years in a range of cognitive skills.

"We know that we can stop this decline and actually restore cognitive processing speed to people," says Fredric Wolinsky, professor in the UI College of Public Health and lead author on the paper published May 1 in the journal PLOS One. "So, if we know that, shouldn't we be helping people? It's fairly easy, and older folks can go get the training game and play it."

The study comes amidst a burst of research examining why, as we age, our minds gradually lose "executive function," generally considered mission control for critical mental activities, such as memory, attention, perception and problem solving. Studies show loss of executive function occurs as people reach middle age; other studies say our cognitive decline begins as soon as 28 years of age. Either way, our mental capacities do diminish, and medical and public health experts are keen to understand why in an effort to stem the inexorable tide as much as possible.

Wolinsky and colleagues separated 681 generally healthy medical patients in Iowa into four groups -- each further separated into those 50 to 64 years of age and those over age 65. One group was given computerized crossword puzzles, while three other groups were exposed to a video game called "Road Tour." Briefly, the game revolves around identifying a type of vehicle (displayed fleetingly on a license plate) and then reidentifying the vehicle type and matching it with a road sign displayed from a circular array of possibilities, all but one of them false icons. The player must succeed at least three out of every four tries to advance to the next level, which speeds up the vehicle identification and adds more distractions, up to 47 in all.

The goal, naturally, is to increase the user's mental speed and agility at identifying the vehicle symbol and picking out the road sign from the constellation of distractors (which are rabbits, by the way).

"The game starts off with an assessment to determine your current speed of processing. Whatever it is, the training can help you get about 70 percent faster," says Wolinsky, who has no financial stake in the game.

The groups that played the game at least 10 hours, either at home or in a lab at the university, gained at least three years of cognitive improvement when tested after one year, according to a formula developed by the researchers. A group that got four additional hours of training with the game did even better, improving their cognitive abilities by four years, according to the study.

"We not only prevented the decline; we actually sped them up," Wolinsky says.

Improving people's processing speed is considered important for a host of reasons. One widely accepted benefit is widening a person's field of view. "As we get older, our visual field collapses on us," Wolinsky explains. "We get tunnel vision. It's a normal functioning of aging. This helps to explain why most accidents happen at intersections because older folks are looking straight ahead and are less aware of peripherals."

Recognizing this, the National Institutes of Health in the late 1990s commissioned the largest cognitive training study of its kind, called ACTIVE. The national, multi-site trial, in which Wolinsky was involved, showed the elderly's memory, reasoning and visual processing speed could be improved with interventions, thus slowing the aging of their minds. But the ACTIVE study had its limitations: Among them, the control group didn't get any training and the primary goal was to assess the effects on seniors' field-of-view vision.

Wolinsky's team added an active control group -- those doing the crossword puzzles. The researchers found those who played the "Road Tour" game also scored far better than the crossword puzzle group on tests involving executive function beyond field-of-view vision, such as concentration, nimbleness with shifting from one mental task to another and the speed at which new information is processed. The improvement ranged from 1.5 years to nearly seven years in cognitive improvement, the study found.

"It's the 'use it or lose it' phenomenon," Wolinsky says. "Age-related cognitive decline is real, it's happening, and it starts earlier and then continues steadily. The good news is we can do something about it. The question is will we?"

The NIH funded the work, out of a Research Challenge grant from the NIH director's office as part of the American Recovery and Reinvestment Act (grant numbers 5 RC1 AG035546 02 and 1 RC1 AG035546 01).

Contributing authors include Michael Jones and Megan Dotson, from the UI's College of Public Heath, and Mark Vander Weg and M. Bryant Howren, from the Iowa City VA Health Care System.

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Story Source:

The above story is reprinted from materials provided by University of Iowa. The original article was written by Richard C. Lewis.

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


Journal Reference:

  1. Fredric D. Wolinsky, Mark W. Vander Weg, M. Bryant Howren, Michael P. Jones, Megan M. Dotson. A Randomized Controlled Trial of Cognitive Training Using a Visual Speed of Processing Intervention in Middle Aged and Older Adults. PLoS ONE, 2013; 8 (5): e61624 DOI: 10.1371/journal.pone.0061624

Note: If no author is given, the source is cited instead.

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

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_science/~3/MOCi3S4edRY/130501192918.htm

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UK mortgage approvals rise more than expected in March

LONDON (Reuters) - British mortgage approvals for house purchase bounced back more strongly than expected in March, in a further sign homebuyers are benefiting from the central bank's flagship credit scheme.

Lending to businesses fell last month, but at a slower pace than in February, Bank of England data showed on Tuesday.

The central bank has been hoping that its Funding for Lending Scheme (FLS), opened in August and revamped last week, will boost the flow of credit to households and businesses, thus easing what it sees as a major drag on the economy.

Mortgage approvals numbered 53,504 in March, up from 51,947 in February and a thousand more than analysts had forecast.

Before the 2008 financial crisis, monthly mortgage approvals ran at around 90,000, but the number of home sales has slumped since then and is only slowly starting to recover.

Lending to non-financial businesses shrank for a second straight month, by a net 0.6 billion pounds. Within that, lending to smaller firms dropped by 0.1 billion pounds, erasing the previous month's gain.

Last week the central bank and the finance ministry retooled the FLS, giving banks greater incentives to lend to small and medium-sized firms which complain they are starved of credit.

The BoE's preferred gauge of money supply, M4 excluding intermediate other financial corporations, rose 0.3 percent, taking the annual growth rate to 4.5 percent.

(Reporting by Olesya Dmitracova and Christina Fincher)

Source: http://news.yahoo.com/uk-mortgage-approvals-rise-more-expected-march-083137038.html

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বুধবার, ১ মে, ২০১৩

Hope baseball players join Chilliwack league



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