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Romney says religion shouldn't be a factor

Republican presidential candidates former Massachusetts Gov. Mitt Romney, left, and Texas Gov. Rick Perry spar during a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Chris Carlson)

Republican presidential candidates former Massachusetts Gov. Mitt Romney, left, and Texas Gov. Rick Perry spar during a Republican presidential debate Tuesday, Oct. 18, 2011, in Las Vegas. (AP Photo/Chris Carlson)

(AP) ? Former Massachusetts Gov. Mitt Romney says voters should not choose their president based on the candidate's religious beliefs or the place where they worship.

Romney was responding Tuesday to recent comments made by Robert Jeffress, a Dallas minister and supporter of Texas Gov. Rick Perry. Jeffress called Mormonism a cult. Romney is Mormon.

Romney says he was troubled that the minister would imply that people should choose a president based on the candidate's religion. He says it runs counter to the country's principles.

Perry reiterated that he did not agree with Jeffress's remarks. Jeffress introduced Perry at a recent speech and asserted that Romney isn't a Christian and Mormonism is a cult.

Asked about the comments, Romney said he's heard worse, "so I'm not going to lose sleep over that."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2011-10-18-GOP%20Debate-Religion/id-d52d050147324b2eb17df263c919b97d

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Android Ice Cream Sandwich: What will it look like on a tablet? (video)

Is there such a thing as too much Ice Cream Sandwich? We didn't think so either, and booted up Google's own Android Emulator to play around with version four-point-oh -- in tablet proportions. We don't know whether manufacturers will end up slathering their own interpretation of Ice Cream Sandwich on top of the vanilla original, but this is probably very close to what we'll be dealing with when arrives on tablets sometime this quarter. Scrollable, resizeable widgets are here, as is a tabbed, synchronizing web browser. There are some minor niggles; we hope they'll make some adjustments to the comically over-sized native keyboard, but the main thing we took away from this stuttering simulation is that the UI is nigh-on identical to what we were using on the Galaxy Nexus. Android looks like it has any future convergence issues in order -- this version will feel at home on both your phone and tablet. Android Beam has never sounded better. If you can forgive the low-performance emulation, check out the video after the break for more Ice Cream Sandwich, king-size.

Continue reading Android Ice Cream Sandwich: What will it look like on a tablet? (video)

Android Ice Cream Sandwich: What will it look like on a tablet? (video) originally appeared on Engadget on Wed, 19 Oct 2011 20:07:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/10/19/android-ice-cream-sandwich-what-will-it-look-like-on-a-tablet/

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Schwab 3Q net income up 77 percent (AP)

DES MOINES, Iowa ? Discount broker Charles Schwab Corp. said Monday its third-quarter net income rose 77 percent as more investors turned to the company's advisory services amid increased market volatility and stock trading increased.

The San Francisco-based company posted net income of $220 million, or 18 cents per share, compared with $124 million, or 10 cents per share, a year ago. The year-ago profit was $218 million excluding certain charges.

Revenue rose 11 percent to $1.18 billion from $1.06 billion a year earlier.

The results missed the estimates expected by analysts surveyed by FactSet. They expected earnings per share of 19 cents and revenue of $1.19 billion.

Shares of Charles Schwab fell 81 cents, or 6.4 percent, to close at $11.94 Monday. They've traded between $10.56 and $19.69 in the past 52 weeks.

Client assets grew 7 percent to $1.58 trillion, which includes $655.4 billion in the investor services segment of the business, which was up 2 percent from a year ago, and $640.1 billion in adviser services, up 5 percent. Other institutional services assets grew 30 percent to $280.9 billion.

Clients opened 191,000 new brokerage accounts during the period, up 14 percent. The company ended the quarter with 8.5 million active brokerage accounts, 769,000 banking accounts and 1.46 million retirement plan participants.

CEO Walt Bettinger said the business environment weakened further in the third quarter, but clients stayed with their long-term investing plans.

"Their cash holdings at Schwab remained close to pre-crisis levels, and they were consistently net purchasers of securities," he said. "Our full-service capabilities were in demand during the recent quarter as enrollments in our advisory solutions continued at a strong pace."

Net interest revenue jumped nearly 14 percent to $443 million from $387 million. That gain was largely the result of growth in interest-earnings assets. The average rate earned on those assets was 1.82 percent in the latest quarter, slightly below the 1.89 average in the year-ago quarter.

Net trading revenue grew to $248 million from $182 million.

Expenses fell to $821 million from $864 million.

Bettinger said effective expense discipline will be key to the company's near-term profitability as economic conditions remain challenging.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20111017/ap_on_bi_ge/us_earns_schwab

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Bernanke: Crisis taught lesson for central banks (AP)

WASHINGTON ? Federal Reserve Chairman Ben Bernanke says a key lesson learned from the 2008 financial crisis is that central banks must have a dual goal of controlling inflation while supporting the banking system.

During a speech Tuesday in Boston, Bernanke said the steps the Fed took during the crisis proved to be successful. The Fed lowered short-term interest rates to record lows and expanded its portfolio of Treasury and mortgage-backed securities to push long-term rates lower.

Bernanke also noted that the Fed helped calm markets by being more explicit about its interest rate policy. He said it's a trend that will increase in the future.

The Fed has been criticized by those who say keeping rates too low for too long could fuel higher inflation later.

In September, the Fed voted to shift $400 billion of its investments to try to lower long-term interest rates. That followed the Fed's announcement in August that it planned to keep short-term rates at record lows until at least mid-2013, assuming the economy remains weak.

Both steps were approved on 7-3 votes. That represented the highest level of dissent at the Fed in nearly 20 years.

Bernanke did not address the current state of the economy or possible future moves on interest rates during his speech at the Federal Reserve Bank of Boston. He also did not take questions from the audience.

He used an entrance to the building that was not near an Occupy Boston protest group that has been camped in Dewey Square, across the street from the Boston Fed.

Earlier this month, Bernanke told members of Congress that the economy "is close to faltering." He assured lawmakers that the central bank was prepared to take further steps to try to bolster economic growth.

Fed policymakers meet next on Nov. 1-2. Many economists expect the central bank to hold off on further action, allowing more time for the previously adopted steps to have an impact.

Minutes of the Sept. 20-21 meeting reflected the policymakers' uncertainty over why the economy is struggling to grow and create jobs more than two years after the recession has ended.

Some members said they favored taking bolder action to boost growth because the unemployment rate has been stuck at about 9 percent, according to minutes from the September meeting. But others have argued that the central bank has done all it can and that further action could increase the risk of inflation.

The three regional bank presidents who have oppose further action have argued any further moves by the central bank run the risk of making inflation worse when the economy does rebound.

In September, employers added 103,000 net jobs. While that was enough to ease recession fears, it's well below what's needed to lower the unemployment rate, which stayed at 9.1 percent for the third straight month. It takes about 125,000 jobs a month just to keep up with population growth.

Without more jobs and higher pay increases, consumers are likely to keep spending cautiously. Many have already cut back on spending in the face of steeper food and gas prices. Consumer spending accounts for 70 percent of economic activity.

___

Associated Press reporters Mark Jewell and Jay Lindsay contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111018/ap_on_bi_ge/us_bernanke

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Obama's stolen Teleprompter: The wisecracks (The Week)

New York ? Conservatives riff on a report that a truck loaded with $200,000 worth of presidential speech-giving gear was briefly stolen in Virginia

Conservatives are endlessly amused by President Obama's frequent use of a Teleprompter. They've even christened it: Teleprompter of the United States (TOTUS). So it was like comedy manna from heaven for the Right when news broke Tuesday that thieves had (at least temporarily) nabbed a truck carrying Obama's Teleprompter and $200,000 worth of audio equipment outside a Virginia hotel where an advance team was preparing for a presidential visit. Here, some of the quippier quips:

The nation mourns you, TOTUS
"Early word out of MSNBC suggests all boom mics will remain at half-staff as our nation attempts to deal with this tragic development," says Dan Riehl at?Riehl World View.

Hitting the mute button
Surely Obama is devastated by the loss, says Dennis DiClaudio at Comedy Central. But he "has yet to comment on this. For obvious reasons."

Dead giveaway
"At this time, nothing about the teleprompter thief or thieves is known," says Doug Powers at Michelle Malkin's blog. But word is "that police are on the lookout for anybody who can't stop saying, 'Pass this jobs bill.'"

Backup plan
"The commander-in-chief should start preparing notecards, just in case," says Aaron Morrissey at?DCist. "Or, if none are available, just use a giant hand."

Hard times
"Let us all together contemplate the sheer horror of a president who for a small window of time was under threat of having to read off some paper," says Kirsten Boyd Johnson at?Wonkette. Or, you know, "rent another Teleprompter possibly not as nice as the official one. Pretty ugly stuff."

How bad could a Teleprompter-less Obama be?
Conan O'Brien imagines (watch video clip below):

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Source: http://us.rd.yahoo.com/dailynews/rss/oped/*http%3A//news.yahoo.com/s/theweek/20111019/cm_theweek/220457

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IBM's Q3 heightens caution, spurs sell-off (Reuters)

SAN FRANCISCO (Reuters) ? IBM's quarterly revenue and services signings barely met Wall Street forecasts, underscoring investors' fears about slower information technology spending and depressing its stock more than 3 percent.

IBM, a bellwether for the IT hardware sector with its global span and diverse clientele, needed to beat forecasts significantly to ease investors' concerns, analysts said.

International Business Machines Corp's total services signings -- an indicator of future growth -- climbed to $12.3 billion in the third quarter, at the low end of expectations of $12 billion to $13 billion.

Revenue rose 8 percent to $26.2 billion, marginally softer than an average forecast of $26.26 billion.

IBM, which has consistently beaten Wall Street forecasts, raised its full-year diluted earnings forecast to at least $13.35 per share, from its prior estimate of at least $13.25. But that was just pennies above the Wall Street target of $13.32, according to Thomson Reuters I/B/E/S.

"Whatever IBM could control, they did a great job. But they are not immune to macro conditions. Financial conditions are tough," said Global Equities Research analyst Trip Chowdhry.

"People don't want to cancel projects, but projects are getting delayed. Sales cycles are getting elongated. New projects are getting smaller budgets."

Buttressed by recurring revenue that helps keep IBM's results steady in strong and weak economies, the company's shares have outperformed the broader market. They are up about 28 percent this year versus the Standard & Poor's 500 index's 4 percent dip.

Some analysts said Monday's showing, in barely meeting expectations, may have triggered profit-taking. Its stock fell 3.7 percent to $179.70 in extended trade after closing down 2.07 percent on the New York Stock Exchange.

"The company exceeded published expectations, but the underlying expectations were even higher," Annex Research analyst Bob Djurdjevic said. "Investors who have been very bullish on IBM are probably taking some profits now."

U.S. economic concerns and a worsening European financial crisis have hurt demand. But companies such as IBM that sell hardware and software for data centers powering the Internet have remained resilient.

IBM reported a third-quarter profit, excluding items, of $3.28 per share, up 15 percent year over year, just pennies above expectations for $3.22.

(Reporting by Noel Randewich; Editing by Richard Chang)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20111017/bs_nm/us_ibm

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US priest backing women's ordination briefly held (AP)

VATICAN CITY ? A U.S. Catholic priest who supports ordination for women was detained briefly by police Monday after marching to the Vatican to press the Holy See to lift its ban on women priests.

The Rev. Roy Bourgeois and about a dozen supporters had marched down the main boulevard leading to the Vatican holding a banner "Ordain Catholic Women" and chanting outside St. Peter's Square "What do we want? Women priests! When do we want them? Now!"

Police prevented the group from entering the piazza and told them to take down their banners since they didn't have a protest permit. When police then tried to confiscate the banners, members of the group resisted, resulting in Bourgeois and two supporters being taken away in police cars, witnesses said.

The three were detained for about two hours at a Rome police station and released without being arrested or charged, though prosecutors were still investigating, said Bourgeois' attorney, Bill Quigley.

Bourgeois and members of the Women's Ordination Conference and other groups that support women priests had come to Rome to deliver a petition signed by some 15,000 people backing Bourgeois, who is facing dismissal from his Maryknoll order for his support of women's ordination.

The Vatican's Congregation for the Doctrine of the Faith in 2008 ordered Bourgeois to recant his support for women priests or risk excommunication after he delivered the homily at the ordination of Janice Sevre-Duszynska, one of several women who have defied the Vatican and begun passing themselves off as Roman Catholic priests.

Church teaching holds that the priesthood is reserved for men, since Christ chose only men as his apostles. Proponents of women's ordination say there is no theological basis for excluding women from the priesthood, that there is evidence of women priests in the early church and that the Vatican's ban is purely sexist.

"If the call to be a priest is a gift and comes from God, how can we as men say that our call from God is authentic but God's call of women is not?" Bourgeois wrote in an open letter to Vatican officials.

The women's ordination movement, while still small, has become something of a thorn in the side of the Vatican: Earlier this year, Pope Benedict XVI removed an Australian bishop for suggesting the church consider women priests.

Last year, the Vatican made ordaining a woman one of the gravest canonical crimes, on par with sexually abusing a child.

And in Austria, some 300 Catholic priests have joined an initiative "Call to Disobedience" calling for women priests and an end to priestly celibacy, among other church reforms.

Source: http://us.rd.yahoo.com/dailynews/rss/world/*http%3A//news.yahoo.com/s/ap/20111017/ap_on_re_eu/eu_vatican_women_priests

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Profanity in TV and video games linked to teen aggression

ScienceDaily (Oct. 17, 2011) ? While it's been long established that watching violent scenes increases aggression levels, a new study in the medical journal Pediatrics suggests that profanity in the media may have a similar effect. Pediatrics is the top-ranked journal in its field and among the top 2 percent most-cited scientific and medical journals in the world.

The study appears to be the first to examine the impact of profanity in the media, which sounds surprising considering how central language is to movie and TV ratings.

To explore this overlooked issue, scholars at Brigham Young University gathered information from 223 middle school students in the Midwest. The data is not longitudinal, but BYU family life professor Sarah Coyne explains that the statistical techniques applied give more clues than would simple correlation tests.

Specifically, the statistical modeling points to a chain reaction: Exposure to profanity is associated with acceptance and use of profanity, which in turn influence both physical and relational aggression.

"On the whole, it's a moderate effect" said Coyne, the lead author of the Pediatrics study. "We even ran the statistical model the opposite way to test if the violent kids used more profanity and then sought it out in the media, but the first path we took was a much better statistical fit even when we tried other explanations."

Brad Bushman, a media expert at Ohio State University who was not involved with the study, concurs after reviewing the research.

"This research shows that profanity is not harmless," said Bushman, a mass communications professor. "Children exposed to profanity in the media think that such language is 'normal,' which may reduce their inhibitions about using profanity themselves. And children who use profanity are more likely to aggress against others. These are very important findings for parents, teachers, and pediatricians."

The connection between profanity and adolescent aggression remained significant even while accounting for the influence of portrayals of aggression in the shows and games popular with the middle school students involved in the study.

"Profanity is kind of like a stepping stone," Coyne said. "You don't go to a movie, hear a bad word, and then go shoot somebody. But when youth both hear and then try profanity out for themselves it can start a downward slide toward more aggressive behavior."

In one regard, Coyne says the ratings systems were "ahead of their time" by steering young people away from profanity without scientific research to state why. Yet she also sees a new gap in the video game ratings system when it comes to educating parents about games that enable online interaction between players.

Coyne and other BYU faculty and students adhere to BYU's "Honor Code" which includes a commitment to use clean language. Co-authors on the study include former grad student Laura Stockdale, Professor David Nelson and current grad student Ashley Fraser.

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Story Source:

The above story is reprinted (with editorial adaptations by ScienceDaily staff) from materials provided by Brigham Young University.

Journal Reference:

  1. Sarah M. Coyne, Laura A. Stockdale, David A. Nelson, Ashley Fraser. Profanity in Media Associated With Attitudes and Behavior Regarding Profanity Use and Aggression. Pediatrics, 2011; DOI: 10.1542/peds.2011-1062

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://www.sciencedaily.com/releases/2011/10/111017092231.htm

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