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Continue reading Microsoft installs 'biggest Windows Phone ever' in NYC's Herald Square (video)
Microsoft installs 'biggest Windows Phone ever' in NYC's Herald Square (video) originally appeared on Engadget on Mon, 07 Nov 2011 17:17:00 EDT. Please see our terms for use of feeds.
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CHICAGO (AP) ? Famed film critic Roger Ebert is telling his readers that he may have to cancel his television show "Ebert Presents: At the Movies" unless someone steps up and helps him and his wife pay for it.
The Pulitzer Prize-winning film critic wrote on his blog Sunday night that after an initial contribution of $25,000 from Kanbar Charitable Trust, he and Chaz Ebert have been paying virtually all the bills for the show, which began airing on public television in January.
Ebert said he has been pleased with the program, which is hosted by Associated Press movie reviewer Christy Lemire and Mubi.com film critic Ignatiy Vishnevetsky.
But after months of paying for everything from screen tests to interns to lunch on taping days, "We can't afford to support the show any longer," wrote Ebert, who can no longer speak after cancer surgery. "That's what it comes down to."
Ebert wrote that he had hoped foundations and others would step forward to underwrite the show, but that nobody has. And now, he wrote, American Public Television is asking him whether the show will be back next season, and he has to have an answer by the end of this month. He wrote that Chaz Ebert, the executive producer, will continue to seek funding for the show.
"Unless we find underwriting, I'm afraid our answer will have to be 'no,'" he wrote.
Lou Ferrara, the AP managing editor who oversees entertainment coverage, said Lemire has reviewed movies for the AP throughout her tenure with the Ebert show.
"Even if the show ends, Christy will continue providing film reviews and other movie coverage for The Associated Press," Ferrara said.
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NEW YORK/SAN FRANCISCO (Reuters) ? The shares of daily deals site Groupon Inc rose as much as 56 percent in their stock market debut on Friday, with at least some of the exuberance the result of the small number of shares sold.
The shares rose as high as $31.14, or 55.7 percent above the IPO price, in early trading on the Nasdaq, at one point pushing the market value of the company to $19.9 billion. The shares later eased to close at $26.11, 31 percent above their $20 IPO price, giving the company a market value of about $16.7 billion.
Groupon had the third-highest trading volume on the Nasdaq on Friday, with nearly 50 million trades.
Groupon sells Internet coupons for everything from spa treatments to nose jobs and is one of this year's most closely watched IPOs.
The offering, one of the largest in recent years, may be a barometer of investor appetite for IPOs. A strong first few trading days could help other private Internet companies -- such as Angie's List, Zynga and even Facebook -- pursue their own IPOs.
There is a huge backlog of companies that filed to go public earlier this year. Most put their plans on hold when the stock market slumped in August. Groupon is the first major IPO since then.
Chief Executive Andrew Mason and Chairman Eric Lefkofsky hugged in Times Square after ringing the opening bell on the Nasdaq. Employees at company headquarters in Chicago donned lime green T-shirts emblazoned with the company's ticker symbol "GRPN" printed in old, ticker-tape-style lettering.
The company declined Reuters' requests for interviews. One employee in Chicago, who declined to give his name, said workers had been discouraged from speaking to the media. Several uniformed security guards walked the perimeter of the building, keeping an eye on Groupon workers who came outside on their cigarette breaks.
All of the shares sold in the IPO were new, which means early equity holders may sell a portion of their stake next spring, once the 6-month lock-up period expires. It also means that, for now, Andrew Mason's newly-minted $1.2 billion remains paper wealth.
Some analysts and investors warn that Groupon's early surge could be a short-term phenomenon and its shares could reverse course and trade down like those of Internet radio station Pandora Media Inc.
There are still lingering questions about Groupon's business model and about competition from better-funded rivals such as Amazon.com Inc and Google Inc.
Groupon has lost two chief operating officers in the past year and had to adjust its accounting twice under regulatory pressure.
"They wanted to have a decent pop on the stock so they didn't take that much public," said David Berman, a consumer technology and retail specialist at hedge fund firm Durban Capital. "They created demand by limiting supply, and they got the pop."
Michael Yoshikami head of money-management firm YCMNET Investment Committee, agreed.
"Much of this pop is based on low float. We continue to be concerned about Groupon's model, especially given the low barrier for entry into this space. But it's a familiar name and investors tend to gravitate to familiar names at first," he said.
On Thursday, Groupon upsized its IPO and sold 35 million shares for $20 each. But that stake amounts to only about 5 percent of the company.
The $700 million raised was on the larger side for a U.S. IPO, but the 5.5 percent represented the second-smallest share float in the United States in the past decade, according to capital markets data provider Ipreo.
Groupon was founded in October 2008 and has never been profitable. In the nine months ended September 30, it posted a net loss attributable to common stockholders of $308.1 million on revenue of $1.1 billion.
A spokeswoman for Deutsche Boerse AG's International Securities Exchange said it expects to list options on Groupon on November 14, with other major exchanges expected to follow suit. Options can be used to bet on the direction of stocks, including a decline. They are often used by traders to hedge stock positions.
Underwriters on the IPO were led by Morgan Stanley, Goldman Sachs and Credit Suisse.
(Reporting by Clare Baldwin, Brendan McDermid, Rodrigo Campos, Edward Krudy and Phil Wahba in New York, Alistair Barr in San Francisco and James Kelleher and Doris Frankel in Chicago; editing by Derek Caney, Gerald E. McCormick, Steve Orlofsky and Andre Grenon)
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ScienceDaily (Nov. 2, 2011) ? After discovering an emerging crack that cuts across the floating ice shelf of Pine Island Glacier in Antarctica, NASA's Operation IceBridge has flown a follow-up mission and made the first-ever detailed airborne measurements of a major iceberg calving in progress.
NASA's Operation Ice Bridge, the largest airborne survey of Earth's polar ice ever flown, is in the midst of its third field campaign from Punta Arenas, Chile. The six-year mission will yield an unprecedented three-dimensional view of Arctic and Antarctic ice sheets, ice shelves and sea ice.
Pine Island Glacier last calved a significant iceberg in 2001, and some scientists have speculated recently that it was primed to calve again. But until an Oct. 14 IceBridge flight of NASA's DC-8, no one had seen any evidence of the ice shelf beginning to break apart. Since then, a more detailed look back at satellite imagery seems to show the first signs of the crack in early October.
While Pine Island has scientists' attention because it is both big and unstable -- scientists call it the largest source of uncertainty in global sea level rise projections -- the calving underway now is part of a natural process for a glacier that terminates in open water. Gravity pulls the ice in the glacier westward along Antarctica's Hudson Mountains toward the Amundsen Sea. A floating tongue of ice reaches out 30 miles into the Amundsen beyond the grounding line, the below-sea-level point where the ice shelf locks onto the continental bedrock. As ice pushes toward the sea from the interior, inevitably the ice shelf will crack and send a large iceberg free.
"We are actually now witnessing how it happens and it's very exciting for us," said IceBridge project scientist Michael Studinger, Goddard Space Flight Center, Greenbelt, Md. "It's part of a natural process but it's pretty exciting to be here and actually observe it while it happens. To my knowledge, no one has flown a lidar instrument over an actively developing rift such as this."
A primary goal of Operation IceBridge is to put the same instruments over the exact same flight lines and satellite tracks, year after year, to gather meaningful and accurate data of how ice sheets and glaciers are changing over time. But discovering a developing rift in one of the most significant science targets in the world of glaciology offered a brief change in agenda for the Oct. 26 flight, if only for a 30-minute diversion from the day's prescribed flight lines.
The IceBridge team observed the rift running across the ice shelf for about 18 miles. The lidar instrument on the DC-8, the Airborne Topographic Mapper, measured the rift's shoulders about 820 feet apart (250 meters) at its widest, although the rift stretched about 260 feet wide along most of the crack. The deepest points from the ice shelf surface ranged 165 to 195 feet (50 to 60 meters). When the iceberg breaks free it will cover about 340 square miles (880 square kilometers) of surface area. Radar measurements suggested the ice shelf in the region of the rift is about 1,640 feet (500 meters) feet thick, with only about 160 feet of that floating above water and the rest submerged. It is likely that once the iceberg floats away, the leading edge of the ice shelf will have receded farther than at any time since its location was first recorded in the 1940s.
Veteran DC-8 pilot Bill Brockett first flew the day's designed mission, crisscrossing the flow of the glacier near the grounding line to gather data on its elevation, topography and thickness. When it came time to investigate the crack, Brockett flew across it before turning to fly along the rift by sight. The ATM makes its precision topography maps with a laser than scans 360 degrees 20 times per second, while firing 3,000 laser pulses per second. When flying at an altitude of 3,000 feet, as during this flight, it measures a swath of the surface about 1,500 feet wide. As the crack measured at more than 800 feet wide in places, it was important for Brockett to hold tight over the crevasse.
"The pilots did a really nice job of keeping the aircraft and our ATM scan swath pretty much centered over the rift as you flew from one end to the other," said Jim Yungel, who leads the ATM team out of NASA's Wallops Island Flight Facility in Virginia. "It was a real challenge to be told?we're going to attempt to fly along it and let's see if your lidar systems can map that crack and can map the bottom of the crack.
"And it was a lot of fun on a personal level to see if something that you built over the years can actually do a job like that. So, yeah, I enjoyed it. I really enjoyed seeing the results being produced."
While the ATM provided the most detailed measurements of the topography of the rift, other instruments onboard the DC-8 also captured unique aspects. The Digital Mapping System, a nadir-view camera, gathered high-definition close-ups of the craggy split. On the flight perpendicular to the crack, the McCORDS radar also measured its depth and the thickness of the ice shelf in that region.
Catching the rift in action required a bit of luck, but is also testimony to the science benefit of consistent, repeated trips and the flexibility of a manned mission in the field.
"A lot of times when you're in science, you don't get a chance to catch the big stories as they happen because you're not there at the right place at the right time," said John Sonntag, Instrument Team Lead for Operation IceBridge, based at Goddard Space Flight Center. "But this time we were."
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The above story is reprinted from materials provided by NASA/Goddard Space Flight Center.
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Source: http://www.sciencedaily.com/releases/2011/11/111102190354.htm
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