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Federal budget standoff is nerve-racking for state’s long-term jobless

November 28, 2012 |

Emergency unemployment benefits are scheduled to expire Dec. 29 unless Congress and Obama agree to an extension. That has 400,000 Californians on edge.

SACRAMENTO — The federal budget crisis in Washington known as the “fiscal cliff” has an estimated 400,000 long-term jobless Californians on the edge.

L.A. Times – Business

Europeans Scrimp on Gifts

November 28, 2012 |

Shoppers across Europe are pinching pennies as the debt crisis enters its third year, forcing retailers to cut prices and push promotions. What’s News Europe

From The Lab To The Shelf: NYC TechConnect Event Helps Give An Entrepreneurial Boost To The Sciences

November 28, 2012 |

NYC TechConnect

As funding dwindles across the life sciences industry, researchers at major universities are increasingly adopting the entrepreneurial models forged by the tech world. With help from groups like NYC TechConnect, scientists are taking their inventions and discoveries out of the lab and into the free market.

Nowhere was this trend more evident than today at the NYC Emerging Technologies Summit, where 20 researchers from the top institutes in New York presented their most exciting, most marketable research. Unlike a traditional scientific conference, this event, which took place at Memorial Sloan Kettering Institute, was less about the underlying science and more about networking opportunities with industry investors, private capital and foundations. Each presenter had a brisk four minutes to convey not only the science, but also the final-product marketability of their early-stage technologies.

Shari Coulter Ford, executive director of NYC TechConnect — a venture grant program funded by the New York City Partnership Fund and New York City Council — even hired coaches to work with each presenter to keep slides brief and relatable to potential investors and partners.

“TechConnect exists to help build up the entrepreneurial spirit in the hard sciences, an industry that is being underserved in terms of connecting to angel investors and partners,” she said. “Of the 20 opportunities presented, a few specifically stood out in terms of having practical commercial applications.”

One such technology was a toothpaste infused with allergy medication designed as an alliterative to painful shots or inconvenient tongue-dropper medication. This medication delivery system, presented by William Reisacher of the Weill Cornel Medical College, represents exactly the kind of highly practical and broadly applicable medical technologies TechConnect hopes to support.

Other notable presentations included a molecular treatment for male-pattern baldness developed by Incentis Pharmaceuticals; a highly sensitive brain trauma detection method presented by SUNY Downstate Medical Center, and a “breathalyzer” test for lung cancer developed by the Albert Einstein School of Medicine.

Conference attendees included representatives from private industry such as Sanofi and Merck, and from foundations and investors such as the Alzheimer’s Drug Discovery Foundation and the HBS Angels of New York City.

In general, Coulter Ford sees a trend in the life sciences research community of increasing collaboration between disciplines and an enhanced focus on the consumer end-product.

“With the success of the digital revolution and social media, there’s been a greater understanding of the entrepreneurial process within the life science community, especially in such a hub like New York City,” she said.

According to Orin Herskowitz, executive director of Columbia Technology Ventures, “technology transfer” is becoming a high priority in the scientific community. Not only are scientists and researchers taking queues from the world of digital technology to find investors and push productization, they are also collaborating across disciplines at a scale never before seen.

Typically, investor money flows more easily to health tech, such as apps and non-invasive devices, because there is a shorter path to product development and far fewer regulatory hurdles to jump through.

But events like the Emerging Technologies Summit prove that even scientists working on medical therapies and drugs – which are notoriously expensive and difficult to get approved – are also adopting a start-up entrepreneurial business model.

“That awareness is bleeding over. It’s merging into life sciences through health IT,” said Coulter Ford. “We’ve seen this business model follow a clear migratory path from digital tech to health IT to therapeutics.”

Editor’s note: Sony Salzman is a writer covering healthcare, innovation, science and anthropology. Follow Sony on Twitter 

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Miller Earned Respect as He Stood for Players’ Rights – New York Times

November 28, 2012 |

CBS News

Miller Earned Respect as He Stood for Players' Rights
New York Times
Marvin Miller called me about six weeks ago to say goodbye. He told me he had terminal liver cancer and wanted his close friends to know. He did not want us to view the news as tragic. He was 95, he said, and the last two years had been difficult. That call
Marvin Miller dies at 95; baseball union chief led push for free agencyLos Angeles Times
Whicker: Miller was baseball's rainmaker without Hall passOCRegister
Nightengale: Marvin Miller bastion of fairness in sportUSA TODAY
ABC News –Wall Street Journal –
all 659 news articles »

Sports – Google News

US Declines To Label China As Currency Manipulator – Wall Street Journal

November 28, 2012 |

Sky News Australia

US Declines To Label China As Currency Manipulator
Wall Street Journal
WASHINGTON—The U.S. Treasury Department repeated that China's currency remains "significantly undervalued" but declined again to label Beijing a currency manipulator, avoiding a public slap that could disrupt diplomatic relations between the economic
US again says China not currency manipulatorAFP
US declines to name China currency manipulatorReuters
US won't call China a currency manipulatorUSA TODAY
CNN –Financial Times –Forbes
all 245 news articles »

Business – Google News

Charlie Sheen on Angus T. Jones controversy: ‘The show is cursed’ – Entertainment Weekly

November 28, 2012 |


Charlie Sheen on Angus T. Jones controversy: 'The show is cursed'
Entertainment Weekly
Speaking to People magazine, the Two and a Half Men veteran had something to say about his younger former co-star calling the CBS hit sitcom “filth” and urging viewers not to watch. “With Angus's Hale-Bopp-like meltdown, it is radically clear to me that the
Angus T. Jones' Family, Friends Fearful About Church's Influence Over Two and E! Online
Angus T. Jones, Minaj Vs. Tyler, 'Liz & Dick' and More: Tim Goodman Weighs In Hollywood Reporter
Angus Jones won't be in next two 'Men' episodesCNN (blog)
Cinema Blend –Daily Mail –Chicago Sun-Times
all 1,566 news articles »

Entertainment – Google News

Obama shields U.S. airlines from EU carbon fees

November 28, 2012 |

U.S. President Obama waves as he leaves the 21st ASEAN and East Asia summit in Phnom PenhWASHINGTON (Reuters) – President Barack Obama signed a bill on Tuesday shielding U.S. airlines from paying for each ton of carbon their planes emit flying into and out of Europe, despite a recent move by Europe to suspend its proposed measure for one year. The carbon fee bill was the first piece of legislation debated on the House floor after Congress returned from recess on November 13, and had been cleared by the Senate in September in a rare unanimous vote. It directs the U.S. transportation secretary to shield U.S. …

Business News Headlines – Yahoo! News

China ‘not currency manipulator’

November 28, 2012 |

The US decides not to declare China as a currency manipulator but says that the yuan remains “significantly undervalued”.
BBC News – Business

Video: Arafat exhumation could raise more questions than answers

November 27, 2012 |

Nov. 27: Labs in France, Russia and Switzerland will conduct independent tests of Palestinian leader Yasser Arafat’s bone samples, searching for evidence that he could have been poisoned. NBC’s Martin Fletcher reports.  (Nightly News)Labs in France, Russia and Switzerland will conduct independent tests of Palestinian leader Yasser Arafat’s bone samples, searching for evidence that he could have been poisoned. NBC’s Martin Fletcher reports. (Nightly News) Top videos