U.S. House panel probes audit watchdog's economic analyses

WASHINGTON (Reuters) - A U.S. House panel is probing whether the country's primary audit watchdog is doing enough to weigh the economic impact as it considers new regulations for the nation's auditors.

In a January 10 letter, House Oversight Chairman Darrell Issa and committee member Patrick McHenry told the chairman of the Public Company Accounting Oversight Board, or PCAOB, that they fear the board is "taking insufficient action to comply with the broad consensus that economic analysis is a critical element of credible regulatory policy."

The Republican lawmakers added that internal PCAOB documents they had obtained appeared to show an "institutional resistance to rigorous economic analysis." They demanded that the PCAOB hand over other records by January 24 involving internal communications on economic analysis.

Conservatives in Congress and business groups such as the U.S. Chamber of Commerce have questioned whether regulators are making good-faith efforts to weigh fully the costs and benefits of new rules.

The PCAOB, which was created by the Sarbanes-Oxley Act of 2002, has come under the microscope over the past year because it is contemplating whether to propose controversial new rules to impose term limits on audit firms.

It has been hosting public roundtables to weigh auditor rotation requirements, which are strongly opposed by many Republicans in Congress as well as the Big Four audit firms - PricewaterhouseCoopers, KPMG, Deloitte LLP and Ernst & Young LLP.

Those in favor of such a measure say it would help bolster auditors' independence.

The U.S. Chamber has won several key legal challenges to Securities and Exchange Commission rules on the basis of shoddy cost-benefit analysis in recent years, including a major 2011 case overturning a rule that aimed to help shareholders nominate directors to corporate boards.

Unlike the SEC, which has a legal requirement to weigh a rule's impact on capital formation, competition and efficiency, the PCAOB is under no such obligation.

Any rules the PCAOB ultimately adopts must be approved first by the SEC. In theory, if the SEC felt that the PCAOB needed to do more economic analysis, it could reject them.

PCAOB Chairman Jim Doty pledged to lawmakers during a March 2012 hearing and in subsequent letters that he was committed to more rigorous cost-benefit analysis.

In addition, the PCAOB's strategic plan for 2012-2016 commits to helping the SEC incorporate economic analysis in a variety of other rules.

In their letter to Doty, Issa and McHenry say they are concerned that a draft of the PCAOB's strategic plan mentioned an economic analysis only once, in a discussion of a possible rule on auditor rotation.

They said comments submitted by the PCAOB assistant chief auditor in response to the draft raised questions about whether an economic analysis would need to apply to all of the board's regulatory projects.

They added that they were troubled by a lecture at a PCAOB-organized training conference about rulings by the D.C. appeals court on cost-benefit analysis, titled "The Emperor Has No Clothes: Confronting the D.C. Circuit's Usurpation of SEC Rulemaking Authority."

In that training, they said the lecturer urged PCAOB rule-writing staff to use "buzzwords" that might help mitigate legal risk.

"The committee is concerned that despite the promises of your testimony and your written response to the committee, rigorous economic analysis is not being adequately incorporated into the PCAOB's rulemaking process," they wrote.

A PCAOB spokeswoman said on Monday that the board appreciates the "continued interest of Chairman Issa and Rep. McHenry in our ongoing efforts to further integrate economic analysis with PCAOB rulemaking."

"We look forward to addressing their questions," the spokeswoman added.

(Reporting by Sarah N. Lynch; Editing by Phil Berlowitz)

Source: http://news.yahoo.com/house-panel-probe-audit-watchdog-over-economic-analysis-211115120--sector.html

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Microsoft Releases Windows 8 in Kinyarwanda

Microsoft Windows 8 has now finally been made available in Rwanda?s main language Kinyarwanda. With 14 new languages added, Windows 8 now supports a total of 109 languages.

rwanda map Microsoft Releases Windows 8 in Kinyarwanda

Way back in February 21, 2012, on the occasion of? UNESCO?s International Mother Language Day, support for 14 new languages was announced. These included Sindhi, Pashto, Punjabi, Scottish Gaelic, Tigrinya, Central Kurdish, Belarusian, Wolof, Uyghur, Tajik, K?iche?, Valencian,?Cherokee, etc. Windows 8 was released in October 2013 and the team has been working since then to produce the software in various other languages to cover the international market.

Jean Philpert Nsengimana, Minister of Youth and ICT on the occasion of release of Windows 8 in Kinyarwanda, said in a statement that Windows 8 in Kinyarwanda will help in building communication technology and information literacy in the country. He further added in his statement that this development will encourage country?s youth to learn about new products. He said that:

?It will help us in taking ICT to the common man. ICT has to be owned by every Rwandan and not be seen as a preserve by some?.

With this release Rwandans having minimal knowledge of either English or French will now be able to use the Windows 8.

Talking about this addition of languages in Windows 8, Microsoft said, ?The application can support any of the languages with language interface packs as long as it supports one of 12 application certification languages?.

If you have liked this post, you might want to check out some more, on topics like Windows 8.

Shiwangi Peswani is a qualified writer and a blogger, who loves to dabble with and write about computers and the Internet. While focusing on and writing on technology topics, her varied skills and experience enables her to write on any topics which may interest her.

Source: http://news.thewindowsclub.com/microsoft-releases-windows-8-kinyarwanda-59119/

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Turning Tricks

Turning Tricks

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10/8/47-2/24/12


Fill not your hearts with pain and sorrow, but remember me in every tomorrow. Remember the joy, the laughter, the smiles, I've only gone to rest a little while. Although my leaving causes pain and grief, my going has eased my hurt and given me relief. So dry your eyes and remember me, not as I am now, but as I used to be. Because, I will remember you all and look on with a smile. Understand, in your hearts, I've only gone to rest a little while.
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Edmonton production of Svadba ? Wedding an operatic tour-de-force

Svadba ? Wedding

Companies: Edmonton Opera and Queen of Puddings Music Theatre

Composer: Ana Sokolovic

Music Directors: D?irine N? Mheadhra and John Hess

Director: Michael Cavanagh

Continues: Sunday at 2 p.m., Wednesday, Friday and Saturday at 8 p.m.

Where: C103 (formerly Catalyst Theatre), 8529 Gateway Blvd.

Tickets: $55 through edmontonopera.com

If you love contemporary classical music, if you sing in a choir, if you are Serbian, if you simply want to experience what the best of modern theatre can do, go buy a ticket for a truly remarkable show on this week at C103 Theatre on Gateway Boulevard. And do so as soon as you can, for there aren?t many tickets left.

It?s Svadba-Wedding, a 51-minute tour-de-force for six singers by Canadian composer Ana Sokolovi, jointly presented by Edmonton Opera and Toronto?s Queen of Puddings Theatre.

It is half opera, half music-theatre, an amalgam of singing and movement and rhythm and allusion, as hard to pin down as one of Beckett?s last plays.

The central premise is easily told. We are in the company of six young women, one of whom is about to get married. This is the equivalent of a wedding shower, a gathering of a group who have clearly grown up together, a kind of avant-garde singing version of a meeting of The Sisterhood of the Travelling Pants.

There is no story-line here, nor does there need to be. Instead, there are seven linked sections, each presenting some different aspect of that get-together: colouring the hair, recalling earlier childhood experiences, dressing the bride, and so on. Each section has its own clearly defined characteristic, but they flow seamlessly into each other, like a theatrical theme and variations.

That scenario is also rooted in the pre-wedding traditions of Sokolovic?s country of origin, Serbia, emphasized here by the quasi-folk costumes by Michael Gianfrancesco, red and blacks predominating, and the simple, occasionally symbolic, staging by Michael Cavanagh, a model of what one can achieve with basic resources.

The language is Serbian (with English surtitles), though often Sokolovic sets syllables or nonsense words. The emotions and the concept of the young bride being sent off to her new life, leaving childhood and friends behind, are universal, so you don?t need knowledge of the language to understand what is going on.

The music is, on the one hand, a clear descendant of the extended vocal techniques developed in the 1960s and 1970s, and in particular of Stockhausen?s seminal Stimmung, with which it shares the number of singers (six), the same emphasis on a pure, vibrato-less singing style, the same sense of ritual, and, at times, the sense of chords being built on the natural harmonics of a fundamental note.

On the other hand, there is the equally clear lineage of the Slavic choral tradition, with blocks of chords shifting over each other, and a regular sense of the interval of the minor seventh, that staple of Eastern European folk harmonies.

The result is at times extremely beautiful and at times vocally dramatic. The basic building blocks juxtapose those chords against rhythmic syllabic singing or vocalizations, and these are capable of a wide variety of expression, from thoughts about the best potential men in the village, to the young women recalling schoolyard pat-a-cake games that everyone will recognize.

Almost all is sung unaccompanied, though there are moments with the rhythm of a drum or the percussive sounds of the young women?s actions. There is also a subtle ting of a quiet little bell, so naturally part of the score, but necessarily serving to remind the singers of the pitch.

The finest moment is perhaps the haunting ending. The bride (poignantly sung by Jacqueline Woodley), now clothed in the silver of the wedding dress, is singing a song of longing and sadness at leaving one part of her life, and at the same time of hope for her new life.

I presume that vocal line is a genuine folk melody, but from underneath rises, so quiet at first, a wordless chord from the other women.

In that one moment one viscerally feels all the conflicting emotions, the sadness of parting, the thoughts of the friends knowing things will never be the same again, the fears and hopes of the bride, the potency of the rite of passage.

None of this would be possible without an ensemble that is absolutely secure vocally and dramatically, and this one is. Most of them have performed Svadba together since its premiere in 2011 (an exception is Edmonton?s Elizabeth Turnbull), and it shows in the surety of the vocal interaction ? which has the dramatic effect of suggesting they have, indeed, known each other since early childhood.

The work won the 2012 Dora Mavor Moore Award for Outstanding New Opera, and I can see why. It shows that opera is not just rooted in the past, but can be as modern (and in this case, in the traditions it presents, as ancient) as anything you are likely to see.

To supplement their more traditional fare with such contemporary works is a departure for Edmonton Opera, adding another dimension to the cultural life of our city. Long may it continue to do so.

Source: http://feeds.canada.com/~r/canwest/F264/~3/8S6-yYZFPqA/story.html

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Why the Feds opted for a sweeping safety review of Boeing 787

Beset by glitches, the pioneering Boeing 787 Dreamliner will undergo a federal safety review, US officials said Friday. The unusual move stems from a series of first-year malfunctions and the plane's unprecedented reliance on electronic controls.

By Mark Trumbull,?Staff writer / January 12, 2013

National Transportation Safety Board Investigator Mike Bauer works inside the Boeing 787 'Dreamliner' airplane under investigation at Boston's Logan Airport on Tuesday, in Boston. The government stepped in Friday to assure the public that Boeing's "Dreamliner" is safe to fly, even as it launched a comprehensive review to find out what caused a fire, a fuel leak and other worrisome incidents this week.

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A federal safety review of Boeing's 787 jetliner promises to bring added scrutiny to the pioneering but glitch-troubled airplane ? including inquiries into its heavy reliance on electronic controls and batteries.

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For the flying public, that's probably a good thing.

Both the company and federal officials, as well as many outside aviation experts, say they believe the Boeing 787, dubbed the Dreamliner, is safe to fly. But with multiple and varied problems cropping up, including a recent fire during one plane's at-the-terminal transition between flights, the added layer of oversight may help to ensure that any flaws in design or manufacturing are found and fixed as promptly as possible.

The Federal Aviation Administration and US Transportation Secretary Ray LaHood launched the safety review Friday. The move, unusual for its sweeping scope, appears rooted in two facts: the 787's unfortunate series of first-year glitches and, second, the plane's unprecedented reliance on electric controls, such as using batteries in place of hydraulic systems.

"In light of a series of recent events, the FAA will conduct a comprehensive review of the Boeing 787 critical systems, including the design, manufacture and assembly," the FAA said in announcing the move.

Boeing announced its full cooperation with the review, but also emphasized the Dreamliner's successful safety record during its first year in service.?"The airplane has logged 50,000 hours of flight and there are more than 150 flights occurring daily. Its in-service performance is on par with the industry's best-ever introduction into service ? the Boeing 777," the company said in a statement.?

Boeing said the regulatory certification process for the aircraft had been the "most robust and rigorous" in FAA history. But it acknowledged that "we have experienced in-service issues in recent months and we are never satisfied while there is room for improvement."

The federal agency joined Boeing in avowing that the plane is fit to fly, even as reviews by Boeing and the agency are under way. But FAA Administrator Michael Huerta said Friday that incidents with the plane warranted the unusual stem-to-stern inquiry. "We need to have a complete understanding of what is happening," he said. "We are conducting the review to further ensure that the aircraft meets our high safety standards.?

Boeing stock lost about 2 percent of its value Friday. The company remains a leading player in making commercial jets, and its total orders for new planes last year were the second highest in company history.?

The Dreamliner represents Boeing's effort to create a state-of-the-art widebody jet for long-haul flights, crossing oceans with a design that's 20 percent more fuel-efficient than the prior generation of aircraft. It relies heavily on lightweight composite materials rather than aluminum, and on lithium ion batteries to power some of its electronics.

Rob Mark, publisher of Jetwhine.com, told the Monitor the 787 "is basically an all-electric airplane."

In addition to the fire on a Japan Airlines jet, which caused smoke to enter the cabin while it was parked at Boston?s Logan Airport, recent incidents with the 787 include a fuel leak, a cracked cockpit window, and flight that was diverted because of electrical problems.

Boeing CEO Jim McNerney said in a statement released Friday that the company stands "100 percent behind the integrity of the 787 and the rigorous process that led to its successful certification and entry into service." He said he expects the review "will underscore our confidence, and the confidence of our customers and the traveling public," in the plane.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/LAuWQ4lABHw/Why-the-Feds-opted-for-a-sweeping-safety-review-of-Boeing-787

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NRA President: There's No Way An Assault Weapons Ban Will Pass

After a week during which his organization met with Vice President Joe Biden to talk proposals to curb the nation's rash of gun violence, NRA President David Keene predicted Sunday that two of the White House's big proposals would fail in Congress.

Speaking on CNN's "State of the Union" with Candy Crowley, Keene said that both the assault weapons ban and a curb on high capacity magazines wouldn't hold up in Congress.

"I would say that the likelihood is that they are not going to be able to get an assault weapons ban through this Congress," Keene said. "The fact is that we live in a society where first of all, we have constitutional rights, and secondly, there are millions upon millions of Americans who value the rights that they have under the Second Amendment."

And a limit on certain high-capacity magazines wouldn't hold up, he suggested, because they are too cheap to be effectively regulated.

"Even David Gregory could find one," Keene quipped, referring to when the "Meet the Press" host held up a high-capacity magazine during NRA CEO Wayne LaPierre's appearance on the show last month.

On Friday, the?White House brushed back on suggestions that it would not pursue a reinstatement of the assault weapons ban?as part of its overall strategy to curb gun violence. White House spokesman Matt Lehrich called reports that President Barack Obama wouldn't look for reinstatement false, saying because it would be "politically difficult" wasn't a concern.

Later on "State of the Union," Democratic Sen. Joe Manchin agreed that an assault weapons ban couldn't pass as a standalone bill. Manchin, a Democrat in the deep red state of West Virginia, was one of the most prominent members of Congress to signal a change in his thinking on gun control after the elementary school massacre in Newtown, Conn.

But Manchin said a reinstatement of the assault weapons ban that expired in 2004 would have to be combined with other measures to get through Congress.?

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Source: http://www.ibtimes.com/node/1011430

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Syrian air force bombs outer Damascus as skies clear

BEIRUT (Reuters) - Syrian aircraft bombed outer districts of Damascus on Saturday after stormy weather that had grounded them for a week eased, opposition activists in the capital said.

Jets and helicopters fired missiles and dropped bombs on a line of towns to the east of Damascus where rebels have pushed out ground forces loyal to President Bashar al-Assad.

The Syrian Observatory for Human Rights, a British-based group linked to the opposition, said it had no immediate information on casualties from the strikes on districts including Maleiha and farmland areas.

Rebels control large swathes of rural land around Syria but are stuck in a stalemate with Assad's forces in cities, where the army has reinforced positions.

On Friday, rebels seized control of one of Syria's largest helicopter bases, Taftanaz in Idlib province, in their first capture of a military airfield.

Eight-six people were killed on Friday, including 30 civilians, the Observatory said. It reported air raids on Rastan in the central Homs province.

Talks between Russia and the United States failed to make a breakthrough on Friday, in the latest attempt to find common ground in efforts to solve the 21-month-old revolt that has killed more than 60,000.

The United States, which backs the revolt, says Assad can play no role in a future Syria, while his main arms supplier Russia said before the talks that his exit should not be a precondition for negotiations.

"We stressed again that in our view there was no military solution to this conflict," International mediator Lakhdar Brahimi said in a joint statement read out after talks in Geneva with U.S. Deputy Secretary of State William Burns and Russian Deputy Foreign Minister Mikhail Bogdanov.

Asked by a reporter if there are had been any concrete progress, he said: "If you are asking whether there is a solution around the corner, I'm not sure that is the case."

(Reporting by Oliver Holmes; editing by Andrew Roche)

Source: http://news.yahoo.com/syrian-air-force-bombs-outer-damascus-skies-clear-105412995.html

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NFL: Ravens top Broncos in double OT, 38-35

Sports Authority Field at Mile High Stadium is seen before an AFC divisional playoff NFL football game between the Baltimore Ravens and Denver Broncos, Saturday, Jan. 12, 2013, in Denver. (AP Photo/Joe Mahoney)

Denver ? The pass seemingly went higher than it did far.

Not that the Joe Flacco pass didn?t go far enough. By the time it landed incredulously in Jacoby Jones? arms with mere seconds left in regulation, the Baltimore Ravens were on their way to delivering the Broncos a crushing, 38-35 two-overtime defeat on a frigid Saturday afternoon turned bone-chilling evening at Sports Authority Field at Mile High.

How did the underdog Ravens hand the No. 1-seeded, heavily favored the Broncos the second-most devastating defeat in their history?

It started when Flacco, the always big-armed and now big-game Ravens? quarterback, let the ball rip seemingly out of desperation. The Broncos were up 35-28 thanks to a touchdown pass from Peyton Manning to Demaryius Thomas midway through the fourth quarter.

There was a considerable 70 yards and less than 40 seconds remaining when Flacco threw. Broncos cornerback Tony Carter let the ball go past him. He was playing zone and when Jones ran past on the right sideline. Carter didn?t put up a fight.

No problem. Broncos safety Rahim Moore was back for the rescue. Well-positioned. Knock it down and it?s fourth down. Moore leaped, reached up and ...

Uh oh. He misjudged the ball. It sailed over his head, right into Jones? arms. Touchdown. 35-35. A bundled and erstwhile uproarious crowd, which had braved more than 4 hours of football amid single-digit temperatures, was stunned into silence.

"The season ended on me," Moore said. "It?s my fault."

Said coach John Fox: "You can point to that play, but there were plenty of other [bad] plays."

The Broncos entered the postseason with an 11-game winning streak. They came in as the AFC?s No. 1 seed and a 9?-point favorite against the Ravens.

story continues below

The last time the Broncos played the Ravens, just a month earlier in Baltimore, they jumped to a 31-3 fourth quarter lead before coasting.

And yet, it?s the Ravens who are advancing to the AFC championship game next Sunday against either the New England Patriots or Houston Texans.

"The more you put in, the more it does hurt," Manning said. "It matters to a lot of guys in that lockeroom. ? It certainly does sting."

This was easily the Broncos most heartbreaking loss since losing to the Jacksonville Jaguars in a second-round playoff game at Mile High following the 1996 season.

After the Flacco-to-Jones 70-yard touchdown tied it 35-35 with 31 seconds left in regulation, the teams battled through a scoreless first overtime. Ravens cornerback Corey Graham intercepted Manning for the second time near the end of the first overtime. The first pick he returned for a touchdown early in the game.

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Source: http://www.sltrib.com/sltrib/sports/55618797-77/broncos-ravens-game-manning.html.csp

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Fitness, Health and Nutrition: Recommended Books: Automatic ...

By Dr. Donald A. Ozello DC

Las Vegas Informer

Automatic Fitness is a detailed and easy to follow approach to fitness. The author, Leo Costa Jr., presents a program backed by close to thirty-five years of research. To further his knowledge, Mr. Costa traveled to Bulgaria to learn from bodybuilders, weightlifters and strength coaches. Automatic Fitness is a reflection of Leo Costa Jr?s experience and expertise.

Train with a smarter approach to fitness with the flexible programs displayed in Automatic Fitness. All fitness levels and ages will benefit from the accommodating routines. Choice between a number of exercises to achieve best results.

Learn daily routines of short duration and follow the common sense approach to accomplish your fitness goals. Study and employ the comprehensive long term programs for optimum progress.

Improve your aerobic fitness and anaerobic fitness with the recommended cardiovascular and strength training programs. The information is presented in an easy to follow format and is void of advanced technical terminology. Well-researched and filled with quality advice, Automatic Fitness can be utilized by trainees of beginner and advanced levels.

Nutrition is emphasized in a simple to use approach. Dietary strategies are presented to teach the readers to choose foods that work to their advantage.

Read Automatic Fitness by Leo Costa Jr. to learn from an expert. Follow the routines, train smart and get the fitness results you desire. Costa developed a training plan that works. Use it to accomplish your fitness objectives.

Dr. Donald A. Ozello DC

Dr. Donald A. Ozello DC is the owner and treating doctor at Championship Chiropractic. 2595 S. Cimarron Rd, Suite #100, Las Vegas, NV 89117. ?His web address is?www.ChampionshipChiropractic.com. He can be contacted at (702) 286-9040 and?DrO@ChampionshipChiropractic.com.

Dr. Donald A. Ozello?s mission is to educate and inspire others to live healthier, fitter, more functional lives.

Dr. Donald A. Ozello DC writes a weekly health, fitness, exercise and nutrition column for The Las Vegas Informer. He is published in?OnFitness?magazine,Livestrong.com,?SpineUniverse.com?and?eHow.com.

Dr. Donald A. Ozello DC is an award-winning public speaker. He has spoken to numerous groups on health, fitness, exercise, ergonomics and nutrition.

Dr. Donald A. Ozello DC loves to exercise. Bike riding and kettlebell training are his current favorite types of exercises. He credits Arnold Schwarzenegger, Lou Ferrigno and Sly Stallone as major influences during his teens and early twenties.

Before pursuing his career in Chiropractic, Dr. Donald A. Ozello DC served in the United States Navy aboard the USS Bremerton, SSN 698.

Source: http://losangeles.informermg.com/2013/01/12/fitness-health-and-nutrition-recommended-books-automatic-fitness/

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