Monday, January 9, 2012

Ill. lawyer wins appeal in NY trial of $2.4B fraud (AP)

NEW YORK ? A Chicago lawyer sentenced to seven years in prison in a $2.4 billion fraud at Refco Inc. is entitled to a new trial because of errors the judge made in dealing with the jury, a federal appeals court said Monday.

The 2nd U.S. Circuit Court of Appeals overturned the conviction of Joseph P. Collins, saying U.S. District Judge Robert P. Patterson erred when he failed to disclose the contents of a jury note and didn't include lawyers when he spoke with a juror accused of trying to barter his vote.

"This sequence of events deprived Collins of his right to be present at every stage of the trial. Because the deprivation was not harmless, we vacate and remand for a new trial," the appeals court wrote.

The lawyer from Winnetka, Ill., was convicted in July 2009 of conspiracy and other charges. Federal sentencing guidelines had called for 85 years in prison.

Refco was once one of the nation's largest independent commodities brokers.

The company in the mid-1990s sustained hundreds of millions of dollars of losses through losing trades and engaged in an elaborate campaign to cover them up, attracting the attention of federal authorities. Refco filed for bankruptcy in 2005, just weeks after going public and soon after revealing that a $430 million debt owed to the company by a firm controlled by former Refco CEO Phillip Bennett had been concealed.

Before its fall, Refco employed some 2,400 employees in 14 countries. Bennett is serving 16 years in prison after pleading guilty to conspiracy to commit securities fraud.

A message for comment left with lawyers in the case wasn't immediately returned.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20120109/ap_on_re_us/us_refco_sentencing

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Thursday, January 5, 2012

10 Certified Fresh Crime Thrillers

Most crime thrillers climax with the bad guy getting caught. Since Zodiac is based upon a real unsolved crime (correction: series of crimes), it's no spoiler to say that justice doesn't completely prevail in the end. In fact, it's that lack of a tidy conclusion that makes Zodiac even more unsettling; it's a serial killer movie about a real serial killer who may still be on the loose. David Fincher's long-but-briskly-paced thriller is a tale of obsession, as political cartoonist-turned-amateur sleuth Robert Graysmith's (Jake Gyllenhaal) life is consumed by the search for the Zodiac Killer, who murdered at least seven people in the Bay Area in the late 1960s and early 1970s. With remarkable period details, an exceptional cast (which includes Mark Ruffalo, Robert Downey, Jr., Brian Cox, and Chlo? Sevigny), and a nail-biting sense of dread throughout, Zodiac is one cold case that emits a white-hot intensity.

Source: http://www.rottentomatoes.com/m/1924183/news/1924183/

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Iowa Game Day Notes (Powerlineblog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/182460566?client_source=feed&format=rss

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Sunday, January 1, 2012

Video: ?Baby bump,? ?occupy? make 2012 list of banned words

Michigan's Lake Superior State University published its annual list of words and phrases we should put to rest. Among this year's selections to be banished in the new year are: "baby bump," "ginormous,? and "man cave." NBC?s Harry Smith reports.

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Source: http://video.msnbc.msn.com/nightly-news/45829737/

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NBA Bargain Bin: Rookies Provide Immense Value Early

Welcome to our first NBA Bargain Bin article of the season. I?ll try and hit you with a new Bargain Bin every Friday to give you an edge heading into the night games. The value is obviously with the rookies early, as you?re about to find out.

Point Guards

Kyrie Irving, CLE at IND ($3,700)
Kemba Walker, CHA vs. ORL ($3,300)

Irving is starting at point guard for the Cavs, definitely making him a starter-worthy player at that price despite lining up against a good defensive team in the Pacers. Walker has proven adept at scoring early and could get some extra minutes with D.J. Augustin hobbled. If you don?t trust the rookies, Chris Duhon ($3,800) is expected to see a lot of time with Jameer Nelson hurt.

Shooting Guards

Gerald Henderson, CHA vs. ORL ($5,400)
Marshon Brooks, NJ at ATL ($3,200)

Henderson is a little more expensive than the players discussed thus far, but he?s scoring at will in the early going, making him well worth the price over many $6K options. Brooks has consecutive 17-point games to his credit and could be in for another solid game on Friday. His young legs can certainly hold up during a back-to-back.

Small Forwards

Terrence Williams, HOU at MEM ($4,500)
Tristan Thompson, CLE at IND ($3,200)

Williams has looked pretty good in limited time so far, and he could be in line for a big hike in minutes with Chase Budinger not looking so hot. It?s a gamble, but it could pay off. Thompson saw a minutes hike in his second start, and he?s scored double digits in each of his first two games. He?s another gamble for you dice-rollers out there.

Power Forwards

Markieff Morris, PHO at NO ($3,400)
Jonas Jerebko, DET at BOS ($3,200)

Morris has done a nice job in his first two games while averaging 26 minutes per contest. He?s worth using while he remains productive. With Charlie Villanueva suspended for one more game, Jerebko is worth running out there in FanDuel one more time before you have to re-assess.

Centers

Spencer Hawes, PHI at UTA ($5,600)
Mehmet Okur, NJ at ATL ($3,700)

Hawes has been a beast in the early-going, with 19 points, 25 boards, 12 dimes, four steals and three blocks in just two games. He?s a heck of a starter at his current price level. Okur moved into the starting lineup on Thursday and did OK against Dwight Howard. He?ll likely draw another start after playing 26 minutes yesterday and should post solid numbers.

R.J. White is the head writer at the?Fantasy Baseball Cafe?and?Fantasy?Football Cafe?has also written for?FanHouse. You can follow R.J. on Twitter?here.

Source: http://www.fanduel.com/insider/2011/12/30/nba-bargain-bin-rookies-provide-immense-value-early/

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Thursday, December 29, 2011

Over 65 million years, North American mammal evolution has tracked with climate change

ScienceDaily (Dec. 27, 2011) ? Climate changes profoundly influenced the rise and fall of six distinct, successive waves of mammal species diversity in North America over the last 65 million years, shows a novel statistical analysis led by Brown University evolutionary biologists. Warming and cooling periods, in two cases confounded by species migrations, marked the transition from one dominant grouping to the next.

History often seems to happen in waves -- fashion and musical tastes turn over every decade and empires give way to new ones over centuries. A similar pattern characterizes the last 65 million years of natural history in North America, where a novel quantitative analysis has identified six distinct, consecutive waves of mammal species diversity or "evolutionary faunas." What force of history determined the destiny of these groupings? The numbers say it was typically climate change.

"Although we've always known in a general way that mammals respond to climatic change over time, there has been controversy as to whether this can be demonstrated in a quantitative fashion," said Christine Janis, professor of evolutionary biology at Brown University. "We show that the rise and fall of these faunas is indeed correlated with climatic change -- the rise or fall of global paleotemperatures -- and also influenced by other more local perturbations such as immigration events."

Specifically, of the six waves of species diversity that Janis and her Spanish collaborators recently describe online in Proceedings of the National Academy of Sciences, four show statistically significant correlations with major changes in temperature. The two transitions that show a weaker but still apparent correlation with the pattern correspond to periods when mammals from other continents happened to invade in large numbers, said Janis, who is the paper's senior and second author.

Previous studies of the potential connection between climate change and mammal species evolution have counted total species diversity in the fossil record over similar time periods. But in this analysis, led by postdoctoral scholar Borja Figueirido, the scientists asked whether there were any patterns within the species diversity that might be significant. They were guided by a similar methodology pioneered in a study of "evolutionary faunas" in marine invertebrates by Janis' late husband Jack Sepkoski, who was a paleontologist at the University of Chicago.

What the authors found is six distinct and consecutive groupings of mammal species that shared a common rise, peak, and decline in their numbers. For example, the "Paleocene fauna" had largely given way to the "early-middle Eocene fauna" by about 50 million years ago. Moreover, the authors found that these transfers of dominance correlated with temperature shifts, as reflected in data on past levels of atmospheric oxygen (determined from the isotopes in the fossilized remains of deep sea microorganisms).

By the numbers, the research showed correlations between species diversity and temperature change, but qualitatively, it also provided a narrative of how the traits of typical species within each wave made sense given the changes in vegetation that followed changes in climate. For example, after a warming episode about 20 million years in the early Miocene epoch, the dominant vegetation transitioned from woodland to a savannah-like grassland. It is no surprise, therefore, that many of the herbivores that comprised the accompanying "Miocene fauna" had high-crowned teeth that allowed them to eat the foods from those savannah sources.

To the extent that the study helps clarify scientists' understanding of evolution amid climate changes, it does not do so to the extent that they can make specific predictions about the future, Janis said. But it seems all the clearer that climate change has repeatedly had meaningful effect over millions of years.

"Such perturbations, related to anthropogenic climatic change, are currently challenging the fauna of the world today, emphasizing the importance of the fossil record for our understanding of how past events affected the history of faunal diversification and extinction, and hence how future climactic changes may continue to influence life on earth," the authors wrote in the paper.

In addition to Janis and Figueirido at Brown, the other authors are Juan Perez-Claros and Paul Palmqvist at the University of Malaga and Miguel De Renzi at the University of Valencia in Spain. Figueirido is also affiliated with Malaga.

Grants from the Fulbright program, the Bushnell Foundation (to Brown) and the Spanish Ministry of Science and Innovation funded the research.

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The above story is reprinted from materials provided by Brown University.

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Journal Reference:

  1. Borja Figueirido, Christine M. Janis, Juan A. P?rez-Claros, Miquel De Renzi, and Paul Palmqvist. Cenozoic climate change influences mammalian evolutionary dynamics. PNAS, December 27, 2011 DOI: 10.1073/pnas.1110246108

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

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://www.sciencedaily.com/releases/2011/12/111227093055.htm

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