The State News :: Nonprofit benefits Africa

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By Caitlin Leppert | Published 2 hours ago

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Marketing sophomore Ryan Hagan poses with several of his shirts for his charity organization, World United Organization, on Oct. 31, 2012, in his apartment. Hagan has been selling shirts since his junior year in high school, and plans to make a trip to Africa in the future for the organization. Danyelle Morrow/The State News

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Marketing sophomore Ryan Hagan has a vision that expands beyond his exams or future housing assignments. While many college sophomores are searching for roommates and online flashcards, Hagan is on the hunt for his next opportunity to change the world.

Hagan and his friend JR Wuo, a senior at Trine University, are the co-founders of World United Organization. The nonprofit seeks out the world?s solvable problems, raises awareness and attempts to solve them.

According to Hagan, World United Organization, or W.U.O., is his way to pursue his dream of improving the lives of the less fortunate.

W.U.O. Wear is a clothing line Hagan and Wuo created in high school, and served as the gateway to launching World United Organization.

?My goal in life is to change the world, and W.U.O. Wear and (World United Organization) makes that possible,? he said.

When the first W.U.O. Wear T-shirt was made, Wuo said he didn?t anticipate the success it would bring.

?(W.U.O. Wear) started off as a joke, because my last name is Wuo,? he said. ?We joked around about starting a clothing line ? with no intent of actually doing it.?

Wuo had his ?aha? moment while watching a special on families affected by AIDS.

?I thought, ?I wish there was something I could do about this,?? Wuo said.

During their junior year of high school, Hagan said, the pair sold $4,000 worth of W.U.O. Wear T-shirts and doubled that amount their senior year.

Before Hagan transferred to MSU, he and Wuo began going through the motions to found World United Organization.

Both freshmen were unexperienced in business and Hagan said that was the hardest part of getting their organization up and running.

?It helped me realize there?s a lot of detail in the business world,? he said.

Since forming the nonprofit, Hagan has left Trine University and expanded World United Organization to MSU students.

When it comes to business, Hagan said moving to a larger university has helped the organization gain momentum.

?(W.U.O.) has expanded because I?ve been able to meet more people and do more things,? he said.

So far, Hagan has sold about 50 W.U.O. Wear shirts in 2012. All proceeds raised have been set aside for Hagan and Wuo?s upcoming trip to Africa, planned for Dec. 20.

The humanitarians have organized a trip to the Ghaban village in Africa to install a state-of-the-art water purifier that would provide villagers with clean and accessible water.

While in Africa, Hagan said he and Wuo will carefully observe their surroundings and plan other ways to benefit the village.

?Our long-term goals (are) to build a school in the village and have money flow through the village,? Hagan said. ?We?re going to decide that once we get over there.?

Hagan and Wuo have been well received by fellow students so far, said Trine junior Meredith Beer, a friend of both Wuo and Hagan.

?At school, I think people take them very seriously,? she said. ?A lot of people want their shirts. I haven?t really experienced them much outside of my school but I?m sure people take them pretty seriously.?

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Source: http://statenews.com/article/2012/10/nonprofit-benefits-africa

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Power market watchdog seeks Barclays fine

WASHINGTON/NEW YORK (Reuters) - U.S. regulators threatened to fine Barclays roughly $470 million to settle allegations that the bank and four traders manipulated California electricity markets, reviving the specter of a sector-wide crackdown on energy trading.

It could possibly be the biggest penalty ever levied by the Federal Energy Regulatory Commission (FERC), and potentially exceeds the fine Barclays paid over the Libor bid-rigging scandal that cost Chief Executive Robert Diamond his job.

The bank has 30 days to show why it should not be penalized for an alleged scheme of manipulating physical electricity prices at a loss in order to make profits in related positions in the swaps market, a strategy known as a "loss-leader".

British bank Barclays said it would fight the agency, likely setting up a landmark legal battle that could set a precedent over whether the once-common trading ploy in commodity markets is illegal or simply ill-advised.

It will have huge implications across the market, as the FERC -- which won expanded powers to tackle manipulation in 2005 after the California power trading scandal and related Enron meltdown -- pursues similar investigations against companies including BP and Deutsche Bank.

The FERC also said four of the company's power traders -- Daniel Brin, Scott Connelly, Karen Levine, and Ryan Smith -- have 30 days to show why they should not be assessed a total of $18 million in civil penalties.

It said their activity accounted for nearly a quarter of all trading in the next-day power market during the period, accruing gains of an estimated $34.9 million. Bank documents showed how the traders bragged about how they would "crap on" certain markets to profit in other ones, the order shows.

Barclays "strongly disagreed" with the order, which it said was "by nature a one-sided document, and does not reflect a balanced and full description of the facts."

"We believe that our trading was legitimate and in compliance with applicable law," Barclays spokesman Mark Lane said in an email. "We have cooperated fully with the FERC investigation, which relates to trading activity that occurred several years ago. We intend to vigorously defend this matter."

The four traders left Barclays over the past five years for reasons unrelated to the investigation, according to a source familiar with the matter. The bank closed its Portland office in 2011 and effectively quit the Western power market this year.

It is the latest blow for Barclays, which has fired staff, clawed back pay and taken other disciplinary action after being fined $450 million by U.S. and British regulators over Libor.

New CEO Antony Jenkins, who took over at the end of July, is in the middle of a review to change the bank's culture and lift profitability. The changes are due to be unveiled in February.

Earlier on Wednesday, Barclays announced that the U.S. Department of Justice and the Securities and Exchange Commission were investigating whether it was complying with U.S. laws in its ties with third parties who help it win or retain business.

The FERC order is tantamount to an indictment, suggesting the issue may go to court after settlement talks were unsuccessful, said Craig Pirrong, a University of Houston professor and expert in energy trade regulation.

EMBOLDENED FERC

The order threatens to stir up memories of the California power crisis, but the allegations involve a far more subtle trading strategy that industry veterans say had been common in global markets: using loss-making trades in benchmark physical commodity markets in order to profit from derivatives positions.

The "loss leader" gambit had until recently been viewed as outside the bounds of regulators, whose purview typically covered either physical markets or derivatives, but rarely both. Although the practice has diminished greatly in recent years as regulators get tougher, many veterans fear that old deals could come back to haunt them.

As well as the return of $34.9 million gains plus interest, the commission is also seeking a $435 million civil penalty.

"Scary stuff," said one senior executive at a trading firm. "Which I guess is the point."

The FERC first flexed its muscles earlier this year with a record $245 million settlement with power company Constellation Energy over similar allegations. Other agencies pursued larger fines against power merchants after the California debacle.

"FERC is getting tougher," said Pirrong. He cautioned that there are "factual and conceptual challenges" in proving manipulation in court, but that isn't stopping the agency.

"It is going to town on this theory of manipulation, and I would wager that any firm that traded both physical and financial power is at risk of a similar FERC action," he said.

WARNING IGNORED

The FERC Office of Enforcement staff alleged Barclays engaged in a coordinated scheme to manipulate trading at four electricity trading points in the Western United States.

The order alleges that Connelly, hired in May 2006 to start a North American power market desk, hired a team of traders who ultimately came to dominate the market, making up 24 percent of all next-day fixed-price trading on the IntercontinentalExchange trading platform during the months in question.

The bank's "total market concentration" was as much as 58 percent and no less than 10 percent in any given month, it says.

It then engaged in "loss-generating trading of next-day fixed-price physical electricity" at a number of key electricity hubs in order to pay off positions in the swaps market, where contracts are settled based on physical market prices.

The traders were aware that the trading was "likely unlawful", and ignored the warning of the head of Americas commodity trading Joe Gold, who "made clear the practice was unacceptable", according to the FERC order.

Experts say one of the biggest challenges in winning any manipulation cases is demonstrating that traders intentionally engaged in a losing trade to make bigger profits.

But, just as recorded telephone conversations between California power traders about driving up power prices for "grandma Millie" proved damning a decade ago, the agency used instant messages and emails to bolster its case.

Smith, for instance, described how he manipulated the Palo Verde market, according to the FERC order, and the "NP light" -- or off-peak power ('light') in the North Path 15 (NP) market in northern California in an attempt to "drive the SP light lower."

Levine asked colleagues to "keep the PV index up and the SP daily index down" while she was on vacation.

Mike Masters, co-founder of Better Markets and a frequent advocate for stronger rules, said it could be the "tip of the iceberg" as regulators probe more deeply into commodities.

"It's a very significant fine and not just because of the dollar amount. It also highlights how banks and swap dealers were combining financial and physical positions in a predatory way to manipulate commodity markets," he said.

"If it's happened in power markets you can be sure it was also going on in crude oil and other markets like refined oil products," Masters said.

(Reporting by Scott DiSavino, David Sheppard, Jonathan Leff and Karey Wutkowski; Editing by Gary Hill, Andrew Hay, Claudia Parsons and Paul Tait)

Source: http://news.yahoo.com/u-power-market-watchdog-seeks-record-470-million-014623196--finance.html

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Policy paper: Myriad turns cancer genetic data into trade secrets ...

If the information Myriad Genetics has collected about breast cancer mutations remains proprietary, costs of gene tests could increase while quality declines, argues Robert Cook-Deegan, a policy researcher at Duke University in Durham, North Carolina. In a paper published today in the European Journal of Human Genetics, Cook-Deegan and co-authors John Conley, James Evans, and Daniel Vorhaus urge health-care payers and policy makers to encourage the company to share clinical data and proprietary algorithms.

In the U.S., Myriad?s patents make it the only commercial provider for tests analyzing the genes BRCA1 and BRCA2. And it performs a lot of tests: nearly a million patients have had BRCA testing, according to information cited by Cook-Deegan. About 5% of breast cancers and about 15% of ovarian cancers are related to mutations in these genes, says Susan Domchek, who studies the genetics of breast cancer at University of Pennsylvania?s School of Medicine.

17-year-old Myriad Genetics turned its first profit this month, but its patents expire in 2015, and that?s assuming the U.S. Supreme Court upholds them. Meanwhile, the company plans to expand its offerings into Europe, where patent laws permit companies other than Myriad to perform the tests.

By now, though, the BRCA mutation data Myriad has collected is becoming more valuable than the original patents. When Myriad finds a new mutation, Cook-Deegan explains, it offers free testing to family members. These and other analyses allow it to interpret results of more variants. Gene testing by other companies finds variants of unknown significance in about 20 to 30% of cases, while Myriad?s rate is closer to 3% because it is able to assign significance to a greater variety of mutations. Since around 2005, mutation data and analysis algorithms have been available only to Myriad researchers.

?They haven?t done anything illegal, they found a hole that no one else thought of and built a business model around it,? says Cook-Deegan. But there are definite drawbacks for patients, he says. Those who do not use Myriad tests are more likely to be told that their results are uninterpretable, while those who use Myriad?s tests receive analysis that has not been vetted by the greater scientific community. (Myriad did not respond to Nature?s requests for comment. In a statement, Martina Cornel, chair of the European Society of Human Genetics? Professional and Public Policy committee says, ?we are very concerned that such important data is being withheld from those who most need it.?

Cook-Deegan and his co-authors argue for policies that would encourage data-sharing, such as health-care payers demanding the evidence behind clinical determinations. Alternately, regulators could require disclosure, or science funders could support the re-creation of such data. In fact, Richard Nussbaum of the University of California, San Francisco, is soliciting patients to submit their data and using it to build another, public database.

Another recent commentary from Domchek, Sean McElligot, and others at the University of Pennsylvania focuses on policy measures that would apply to testing in the United States, such as amendments to the U.S. Health Insurance Portability and Accountability Act. CLIA certification, required of clinical testing laboratories, could require data sharing. Or the FDA could be granted explicit authority over genetic testing and require disclosure for regulatory approval.

David Ledbetter, CSO of Geisinger Health System in Danville, Pennsylvania, is coordinating other projects that allow testing laboratories to share information about other genetic variants. The benefits not only allow researchers to study more variants but to develop systems and cross-checks that flag questionable results, he says.

Still, he does not believe that these issues are on the radar of health care payers; instead, he would like to see data sharing measures required as part of certification for clinical laboratories. ?When your techniques or your data are private secrets, it?s difficult to participate in any quality control program.?

Source: http://blogs.nature.com/news/2012/10/policy-paper-myriad-turns-cancer-genetic-data-into-trade-secrets.html

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Movember App Turns Your Mustache Growth Into an Animated GIF [VIDEO]

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Your response will be seen by your Facebook friends on Yahoo!\",\"NUM_PEOPLE_RATED__s1\":1551,\"NUM_PEOPLE_RATED__s2\":781,\"NUM_PEOPLE_RATED__s3\":1921,\"NUM_PEOPLE_RATED__s4\":4835,\"NUM_PEOPLE_RATED__s5\":1516,\"NUM_PEOPLE_RATED__s6\":7652,\"NUM_PEOPLE_RATED__s7\":0,\"NUM_PEOPLE_RATED__s8\":0,\"NUM_PEOPLE_RATED__s9\":0,\"NUM_PEOPLE_RATED__s10\":0}","fbconfig":"{\"message\":\"undefined\",\"name\":\"undefined\",\"link\":\"\",\"source\":\"\",\"picture\":\"http:\\\/\\\/l.yimg.com\\\/a\\\/i\\\/ww\\\/news\\\/2011\\\/09\\\/27\\\/yahoo-tc.jpg\",\"description\":\"\",\"captionLeft\":\"undefined\",\"captionRight\":\"undefined\",\"app_id\":\"196660913708276\",\"redirect_uri\":\"\\\/_xhr\\\/ugcratefbredirect\\\/\"}","template_id":"LONG_SLIDER_SOUTH","obj_id":"ratings_2ced178934e229d144d21bf4b39ac628","opt_count":"6","opt_color1":"","opt_color2":"","template_html":"

Source: http://news.yahoo.com/movember-app-turns-mustache-growth-animated-gif-video-014507535.html

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SEMA 2012- Eastwood Company Day 1 Coverage | Eastwood Blog

Oct 31st, 12 / / Share this Entry

Today is the first official day of the 2012 SEMA Show and we are as excited as ever. Walking through the first few rows of the hottest cars, trucks and bikes tell us that the automotive hobby is as strong as ever. We spent day one walking around spotting out some of the top cars at the show. Some exciting rides are here from the best car builders in the world. We go the pleasure of getting some first glimpses of Kevin Tetz?s Project ?Jaded? Mustang. This thing is oozing Eastwood products and we?re excited to see it in the metal!

This year the hot new trend seems to be large oversized wheels on custom classic cars and trucks. We?re still on the fence with the look of the vehicles with such large wheels.. but you can?t deny they stand out!

Also the ?40 Ford; built for the 2012 Street Rodder Road Tour is on display in the Ford Booth and we?re thrilled to see a car built with Eastwood tools to be on such a main stage! We?ll be doing an interview with Troy Ladd of Hollywood Hot Rods later this week to get some insight on how they utilized some of products to build the ?40.

Day 2 is already upon us and we?re out there searching for the best rides to showcase for YOU. If there?s anything you want to see, drop us a line and we?ll try and seek one out! Make sure you check out the full feed from the show with updates hourly at www.eastwood.com . We promise you?ll feel like you?re almost right there walking the show with us!

-Matt/EW

Source: http://blog.eastwood.com/eastwood-chatter/sema_experience/sema-2012-day-1-coverage/

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6 Ways to Find an Awesome Link Building Company | SEO ...

As all of us SEO professionals know, building links is one of the greatest ways to get your way to the top of the search results. Yes, while all links aren?t created equally, many of us find that building links can take a lot of time and effort. If you?d rather focus on your website and not the outside link building efforts, you may find yourself reaching out to a company to help you. If that?s the case, you may be finding yourself looking through hundreds of companies that want to build the links for you. To help you set the best above the rest, here are six ways to find the best link building companies out there:

#1 Get referrals

A great link building company will not be afraid to tell you who they have built links for. Why is that? They know that they have built links that they can stand by. Any company that won?t talk to you about clients or show you how they build links, you will probably want to shy away from them.

#2 Building links

Always be sure to ask the company how they are going to build your links. Remember that there are so many ways that don?t work today post-panda and penguin. Strategies such as blog networks, comments and article directories will no longer work. If they are going to build links the??lazy? way, it?s probably best to look elsewhere.

#3 Quiz them

Do you know a lot about link building? If so, you may want to see if your contractor will know the same. Write up a list of a few questions that you can ask them and see how they can answer. If you don?t know what to ask them, here are a few things that you may be able to ask:

• What is a good link in your eyes?
• How are you going to find links?
• What are your favorite link building strategies?
• When you set out to look for links, what exactly do you do?
• What is a bad link?

#4 Credentials

When you apply for a job, that potential employer will often look for criteria such as experience and a degree, right? Well, the same should go with a link building company. Be sure to know how much experience they have, why you should choose them and what they have done to get where they are today.

#5 Business length

A great link building company has usually been around the Internet for at least five years or so. Companies that usually swoop in and claim to have been in business for a few years, when in turn they have only been in business for a few days will only mean trouble. With that being said, try your best to find a company that has some history to them. That way, you will know that they have a track record.

#6 Contacts

As my last tip, always make sure that you choose a company that has a lot of contact options. These options should include a phone number, email or even chat. That way, when problems arise or you want to know the status of your link building campaign, you can ask them questions and receive answers immediately.

About Contributor: Hannah works for How Much Is It? A cost helping website that can help you get answers to price helping questions.

About Author : Dilip RajpurohitDilip Rajpurohit has written/shared 110 articles on this website.

Dilip Rajpurohit is a SEO/Internet Marketing Manager that working in one of the leading IT companies in India. He loves to reveal his findings, experiences about SEO, SEM, knowledge of business and internet marketing with others; to learn more about him, you can find him at SEO4World and follow him on Twitter @SEODilip4u and join him on Facebook as well.

Dilip Rajpurohit is a SEO/Internet Marketing Manager that working in one of the leading IT companies in India. He loves to reveal his findings, experiences about SEO, SEM, knowledge of business and internet marketing with others; to learn more about him, you can find him at SEO4World and follow him on Twitter @SEODilip4u and join him on Facebook as well.

Source: http://www.seo4world.com/6-ways-to-find-an-awesome-link-building-company.html

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Subway rats may flood New York's streets

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