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Friday, June 29, 2012
Europe summit surprises with bold moves
French President Francois Hollande arrives for a press conference at an EU Summit in Brussels, Friday, June 29, 2012. (AP Photo/Michel Euler)
French President Francois Hollande arrives for a press conference at an EU Summit in Brussels, Friday, June 29, 2012. (AP Photo/Michel Euler)
German Chancellor Angela Merkel, center, speaks with European Central Bank President Mario Draghi, left, and Italian Prime Minister Mario Monti during a round table meeting at an EU Summit in Brussels on Friday, June 29, 2012. European leaders have agreed to use the continent's permanent bailout fund to recapitalize struggling banks, and agreed to the idea of a tighter union in the long term. (AP Photo/Michel Euler)
German Chancellor Angela Merkel addresses lawmakers on the decisions of the EU summit at the parliament Bundestag in Berlin, Friday, June 29, 2012. Chancellor Merkel faces a vote on the eurozone's new permanent rescue fund and the EU's fiscal copact. Merkel is reflected in the windows of a visitors balcony at the plenary hall. (AP Photo/Markus Schreiber)
BRUSSELS (AP) ? After 18 disappointing summits since the start of the debt crisis, Europe's leaders appeared Friday to have finally come up with quick fixes and long-term plans that show they are serious about restoring confidence in their currency union.
Global markets sighed with relief, debt-saddled Italy and Spain appeared victorious and Germany's Angela Merkel faced potential criticism at home for conceding to pressure for an immediate deal.
Leaders of 17 countries that use the euro agreed to:
?Allow two European bailout funds to pump money directly into troubled European banks, rather than make loans to governments to bail out the banks. The move rescues banks without putting strapped countries deeper in debt.
?Use bailout money "in a flexible and efficient manner to stabilize" European government bond markets.
?Let countries that have made economic reforms as require by EU authorities tap the European rescue funds without submitting to stringent bailout programs.
?Tie their budgets, currency and governments ever tighter in a vast new economic union down the line.
European Council President Herman Van Rompuy called it a "breakthrough." Global stock markets and the euro rallied hard.
Concerns remain. Most of the measures approved in the Brussels summit will take months to come into force. The ?500 billion ($630 billion) firepower of the permanent bailout fund may not be enough. And given how shaky Spain's and Italy's finances are, and how jittery markets are, new roadblocks could send the continent back into crisis.
But some key points will kick in within 10 days: On July 9, eurozone countries will agree to give Spanish banks rescue loans and also allow the current, temporary European bailout fund to directly purchase Spanish government bonds.
The decision is a victory for Spain and Italy, whose borrowing costs have risen to near unsustainable levels despite their efforts to cut government spending and reform their labor markets.
In Germany, Chancellor Angela Merkel is likely to face a grilling from a skeptical German Parliament later. Heading into the summit, Merkel had stuck to her line that any financial help from Europe's bailout fund must come with tough conditions, so a separate decision allowing countries that have reformed their economies easier access to bailouts, without such stringent conditions, was widely seen as a defeat by the German press.
Merkel insisted the funds would still only be released when it was clear countries were undertaking serious reforms.
"We remain completely within our approach so far: help, trade-off, conditionality and control, and so I think we have done something important, but we have remained true to our philosophy of no help without a trade-off," Merkel told reporters in Brussels.
Van Rompuy dismissed talk that Merkel had lost in the negotiations.
"It was a tough negotiation," Van Rompuy said. "And you can't summarize this in winners and losers."
In addition, the leaders of the eurozone countries authorized the EU bailout funds to buy bonds of countries in order to reduce the interest rates the markets charge.
Leaders of the full 27-member European Union, which includes non-euro countries such as Britain and Poland, also agreed to a long-term framework toward tighter budgetary and political union, though those plans will require treaty changes and won't be realized for years.
The scale of the moves were unexpected and provided investors a reason for optimism, even as analysts cast doubt on the plans' feasibility and noted that some fundamental problems with the common currency remain.
"I think the elements we put together will reassure the markets," said Eurogroup President Jean-Claude Juncker.
Mario Draghi, the head of the European Central Bank, was similarly optimistic.
"I'm actually quite pleased with the outcome of the European Council," said Draghi. "It showed the long-term commitment to the euro by all member states of the euro area. But also it reached tangible results in the shorter term."
Stocks around the world surged Friday, with markets in countries on the front line of the crisis doing particularly well. Italy's FTSE MIB and Spain's IBEX indexes each rose 3 percent.
Perhaps more importantly, the yield on Spain's 10-year bond dropped by 0.32 percentage points to 6.58 percent. Italy's was down by 0.14 percentage points to 5.94 percent. Both countries have seen their rates edge toward the 7 percent level which is seen as unsustainable over the long term.
The importance of recapitalizing banks directly from the bailout fund became evident this month when Spain was offered ?100 billion ($125.6 billion) for its shaky banks. Previously the bailout loan would have to be made to the Spanish government, which would lend it on to the banks. The prospect of having that debt on the government's books spooked investors, who began demanding higher interest rates to reflect the risk of a Spanish default.
Lending the money directly to the banks avoids putting more debt on the government's books.
Also boosting market confidence was the agreement to waive the permanent bailout fund's preferred creditor status for aid given to Spanish banks. So far, any money the fund puts into a bank would get repaid before any other investors.
When Spain agreed to take rescue loans for its banks, the news failed to boost confidence in the banks because investors worried that, if one of those banks collapsed, they would be last to get repaid. Eurozone leaders agreed to waive the bailout fund's preferred creditor status only in Spain's case.
Some analysts, however, noted that the size of the bailout funds some ?500 billion would have to be increased to be a realistic backstop for public debt and banks across the continent. Italy alone has government debt of ?2.4 trillion.
"These steps are the obvious ones to take to try to restore some confidence in the market in the short term," said Gary Jenkins, managing director of Swordfish Research in London. "Alone, they do not solve the underlying problems but they might buy a bit of time, which is probably about the best they can do right now."
Though welcoming the measures that were taken, analysts think more will have to be done.
"If the aim is to ease tensions on the Italian and Spanish bond market on a more sustainable basis, we probably will need to have more assurance on the fire power," said analyst Carsten Brzeski of ING in a note.
Brzeski said more liquidity support from the ECB ? such as in the form of cheap loans to banks ? "looks inevitable" and may come as soon as Monday.
The EU leaders also agreed to devote ?120 billion in stimulus to encourage growth and create jobs, though half of it had already been earmarked and it includes only ?10 billion in actual new commitments. France had pushed for the growth package, arguing that austerity measures are stifling growth and making debt reduction more difficult.
They also agreed to give the ECB powers to oversee big European banks by the end of the year.
For the longer-term, the 27 leaders of the EU agreed on "four building blocks" of a tighter union ? but postponed specifics until a study due in October. The building blocks, which include sharing debt in the form of jointly issued eurobonds, were laid out in a sweeping document presented by Van Rompuy and colleagues before the summit.
However, France's President Francois Hollande said the general agreement on the tighter union did not for now include any commitment on eurobonds from Germany and other stronger economies that have firmly opposed sharing debt with more profligate countries such as Greece.
Hollande claimed to play the role of mediator instead of partnering with Germany as France traditionally does.
"No one can say I won or I lost," he said. "What was at stake was Europe. That's who won."
___
Angela Charlton in Brussels contributed to this report.
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Prostate Cancer Treatment Side Effects Can Last For Years [Study]
Prostate cancer treatments have side effects that could be seen (and felt) for years after the treatments are over, according to a new study published in the Journal of Urology.
Market Watch reports that the study found that men who have treatments for prostate cancer have double the chance of needing a urinary incontinence procedure within 15-years after a radical prostatectomy treatment. The risk increases significantly with patient age, radiation after treatment, and low surgeon volume.
Dr. Robert Nam, lead investigator, urological oncologist, and head of the Genitourinary Cancer Care team at Sunnybrook?s Odette Cancer Centre, stated:
?We hope these findings will help patients and their physicians have a more informed discussion about the treatment decision and potential implications for long term impact on quality of life.?
The study included 25,346 men who underwent radical prostatectomy for prostate cancer between 1993 and 2006, and was the first long-term study done regarding prostate cancer treatments and their effects on male incontinence.
Reuters reports that of the 25,346 men in the study, more than 500 men with cancer (including cancers caught through regular screening) ended up with bladder control problems and sexual function issues for up to 10 years after their treatment, when compared to those with no cancer diagnosis.
Mass News Media reports that the side effects are significantly better than actually having cancer, the issue is more complicated than that. Prostate cancer is slow-growing, and may never actually reach the point of being fatal. Also, studies have yet to find evidence that PSA tests (used to screen men for prostate cancer) are effective in saving lives.
According to Mass New Media, there are also high rates of false positives, and side effects from the testing as well as treatment, if it is necessary. The U.S. Preventative Services Task Force advises against the screening for these reasons. They also note that more than 95% off men affected by prostate cancer had some degree of sexual dysfunction from the treatments, and more than half have urinary issues.
Past studies have had similar results, but the one done by Dr. Nam and his team is the first large-scale study to show the same results of effects by prostate cancer treatments.
Source: http://www.inquisitr.com/264831/prostate-cancer-treatment-side-effects-can-last-for-years-study/
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Tuesday, June 26, 2012
Spain requests EU aid, market hopes dim
MADRID/BRUSSELS (Reuters) - Spain formally requested euro zone rescue loans on Monday to recapitalize banks that are laden with bad debts as the euro and shares fell due to investors' skepticism that a European Union summit this week will act decisively on the bloc's debt crisis.
Spanish Economy Minister Luis de Guindos asked for up to 100 billion euros ($125 billion) in a letter to Euro group chairman Jean-Claude Juncker, saying the final amount of assistance would be set at a later stage.
He confirmed his intention to sign a Memorandum of Understanding for the package by July 9 and said the amount should be enough to cover all banks' needs, plus an additional security buffer.
The EU's top economic official, Olli Rehn, said a deal on terms for the loan from Europe's bailout funds could be concluded in a matter of weeks.
"The policy conditionality of the financial assistance, in the form of an EFSF/ESM loan, will be focused on specific reforms targeting the financial sector, including restructuring plans which must fully comply with EU state aid rules," he said.
The rescue, agreed on June 9, is intended to help Spanish lenders recover from the effects of a burst real estate bubble and a recession, which have piled up bad loans and sinking property portfolios. Prime Minister Mariano Rajoy told business leaders he would soon take new measures to revive economic growth and create jobs. He gave no details but said the government remained committed to cutting the public deficit.
Two independent audits last week put the Spanish banks' capital needs in a severe economic downturn at up to 62 billion euros, and a fuller audit will be delivered in September.
Some market economists believe the rescue is merely a prelude to a full bailout for the Spanish state, which saw its borrowing costs soar to euro era record levels above 7 percent early last week, although they have eased to below 6.50 percent.
Spanish and Italian bond yields began to rise again on Monday as markets digested the outcome of a meeting of leaders from the euro zone's four biggest economies in Rome last Friday at which German Chancellor Angela Merkel rejected any new financial commitments to underpin the single currency.
A German government spokesman said on Monday that Merkel was worried that just before the full EU summit on Thursday and Friday, people were expressing a wish for "supposedly easy solutions" such as shared liability.
A working document prepared by top European Union officials calls for the gradual introduction of a banking union, starting with supervisory power for the European Central Bank and developing a deposit guarantee scheme based on pooling national systems, with a levy-funded bank resolution fund.
BERLIN REJECTION
Berlin has so far rejected any joint deposit guarantee or resolution fund, as well as proposals that euro zone governments should assume joint responsibility for each other's debts.
Finance Minister Wolfgang Schaeuble hammered home this message in weekend interviews, saying that throwing more money at the crisis would not solve the problems, and telling Greece it must try harder rather than seeking to soften bailout terms.
"We have to fight the causes," Schaeuble told German TV network ZDF. "Anyone who believes that money alone or bailouts or any other solutions, or monetary policy at the ECB - that will never resolve the problem. The causes have to be resolved."
He cited Ireland and Portugal as countries that were succeeding in their EU/IMF adjustment programs and said Greece had not made a sufficient effort.
Merkel and French President Francois Hollande, whose position is close to that of the top four EU officials, will have one more try at narrowing their differences before the summit on Thursday and Friday.
But the German leader has shown no sign of relenting in her refusal to take on new liabilities for German taxpayers until other euro zone states agree to hand more sovereignty over national budgets and economic policies to EU institutions.
Hollande took the opposite position on Friday, saying there could be no more transfer of sovereignty until there was greater "solidarity" in the EU.
The two-day EU summit will be the 20th time leaders have met to try to resolve a crisis that has spread across the continent since it began in Greece in early 2010.
Greece's new prime minister Antonis Samaras and his finance minister Vassilis Rapanos will both miss the summit, and a visit by "troika" inspectors representing the country's international creditors due this week has been postponed.
Samaras is recovering from eye surgery he underwent on Saturday and Rapanos is in hospital after suffering from nausea before he could be sworn in.
The German spokesman said no decisions would be taken on Greece at the summit as the "troika" inspectors from the European Commission, ECB and the International Monetary Fund must first assess Greek compliance with its 130 billion euro bailout agreement before any renegotiation could be considered.
The Samaras government, which was sworn in last week, has called for the renegotiation of the terms of Greece's bailout, which is keeping the country from bankruptcy but at the cost of great economic suffering.
Ireland and Portugal have also required sovereign bailouts and the crisis now threatens Spain and Italy. Cyprus, one of the euro zone's two smallest economies which is heavily exposed to Greece, is also on the brink of needing a rescue.
Cyprus's president has convened a meeting of the country's political leaders on Tuesday to discuss economic issues amid speculation that it may request assistance after ratings agency Fitch cut its sovereign debt to non-investment grade.
The euro zone has set up two rescue funds to try to contain the crisis, the temporary EFSF and the permanent ESM, due to come into force next month, but markets have so far judged that they contain too little money and their governance is too inflexibly to be effective.
(Additional reporting by Michelle Martin and Stephen Brown in Berlin, Catherine Bremer in Paris, Fiona Ortiz in Madrid, Jan Strupczewski in Brussels; Writing by Paul Taylor; editing by David Stamp)
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Monday, June 25, 2012
Google tries to block U.S. shipments of Apple?s iPhone and iPad over 3G patents [updated]
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Ryan adjusting to new coordinator
Getty ImagesAs the NFL deals with well over 2,000 former players who are suing for concussions, the league understandably hopes to slam the door on future lawsuits from current players.
In one specific regard, the league is failing.
An Outsides the Lines report from Bob Holtzman of ESPN creates the perception of a dog chasing its tail regarding the question of whether the NFL is properly embracing technological advances that will help spot whether players should exit a game due to head trauma.
After explaining the work of North Carolina professor Kevin Guskiewicz to use helmet sensors to record in real time the force of each and every blow to the head during practice or a game, Holtzman explained that the NFL isn?t ready to say when or if the Helmet Impact Telemetry (HIT) system will be used.? The league then referred Holtzman to its expert on these matters.
And their expert is ? you guessed it ? Kevin Guskiewicz.
?I?ve been comfortable with the questions that we?ve asked and the validation studies that have been done to this point, and I feel as though we probably could have had this system in place a year or so ago,? Guskiewicz said.
?It absolutely can work in the NFL,? he added regarding the system that North Carolina now uses as a recruiting tool.? ?I?ve been doing it for eight years, so I know it can be done.?
Guskiewicz explained that eight NFL teams planned to use the HIT system in 2010, and that the plug was pulled at the ?eleventh hour.?? Citing an unnamed source, Holtzman reports that the NFL Players Association blocked the use of the HIT system.? Holtzman added that the NFLPA did not respond to repeated requests for an interview.
NBC analyst Hines Ward, who spent 14 years with the Steelers, believes players will be reluctant about using the HIT system.? ??You?re gonna open up a while Pandora?s Box with it,? Ward told Holtzman.? ?For a doctor to read a computer and tell me how hard I?ve been hit and to pull me out of a game, that won?t sit well with a lot of players.?
Ward also worries that the data will be used by owners to justify paying players less money.
Regardless, the NFL?s expert is getting impatient.? ?If we?re sitting here in a year from now and we?re not any closer to have on-field, real-time biomechanics being measured, I?ll be real frustrated, and perhaps ready to throw the towel in,? Guskiewicz said.
Lawyers interested in representing current players in future concussion lawsuit are likely feeling anything but frustrated.? With the NFL?s expert believing that the technology could have been and should have been used in 2010 ? and upset by the fact that it?s still not currently in use ? any player who suffered concussions even after the NFL had a Congress-induced epiphany in October 2009 will be able to argue that, if the NFL merely had followed the advice of its expert and used the HIT system, the player would have been pulled from a game before real damage had been done.
The report that the NFLPA stopped the implementation of the technology in 2010 complicates matters for future plaintiffs.? But that one fact could mean that future concussion lawsuits will be filed not only against the NFL, but also against the union.? (To date, concussion suits have been filed only against the league.)
Regardless, any actual or perceived failure by the stewards of the game to do everything reasonably possible to reduce head injuries or avoid them altogether will provide fodder for an ongoing stream of litigation from the men who currently play the game.? And the league?s failure to follow the advice of Kevin Guskiewicz creates a far more tangible, clear, and defined risk of liability than the Saints bounty program ever could.
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Sunday, June 24, 2012
Wait for Windows Phone 8 or Buy a Samsung Galaxy S3?
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Source: www.ulitzer.com --- Saturday, June 23, 2012
Microsoft?s newest mobile OS ? Windows Phone 8 ? will add some key functionality to Microsoft?s smartphones, but is it worth waiting for? The new software offers a few more bells and whistles in terms of functionality for smartphone subscribers. read more ...
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ScienceDaily: Biochemistry News
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Former Monticello standout chases NFL dream with Jaguars
By:
|
Daily Progress correspondent
Published: June 23, 2012
Updated: June 23, 2012 - 11:00 PM
Perspiration?engulfs his white Nike practice jersey as the Florida heat converts the football field into a suffocating sauna. Passes come his way from every angle, courtesy of former Miami Dolphins starting quarterback Chad Henne, NFL hopeful Jordan Palmer and many more. This is his dream nearing reality.
Former Monticello High School and Liberty University quarterback Mike Brown, who signed a three-year deal with the Jacksonville Jaguars in May as a wide receiver, is?pursuing his life goal in the Sunshine State.
How it all came about is another story. Fate, perhaps, some would call it.
In late April, the 2012 NFL Draft took place, as 253 players were selected, from first pick QB Andrew Luck of Stanford to last pick QB Chandler Harnish of Northern Illinois. Brown, a star in college as a QB and a WR, never saw his name called.
?I talked to my agent [Robert Walker] right before the draft started,? said Brown, a two-time Big South Player of the Year. ?He said I should hear from teams on day two of the draft. He said they will probably start calling me if I?m going to get drafted or as a free agent.
?An hour after the draft was over, I went to bed a little upset. I hadn?t heard anything from any team.?My agent called me and said he hadn?t had any luck. He spoke with a few teams and said there wasn?t any interest.?
Then, he got his big break.
?It was a blessing for me. Coach [Danny] Rocco had been at Liberty. Him moving to Richmond kind of broke up our coaching staff,? Brown said. ?The Jaguars hired a new coach, and then they hired our receivers coach out of Liberty.?
Charlie Skalaski, who spent nine seasons with the Flames, working closely with Brown during his time at wide receiver, became the Assistant to the Head Coach/Offensive Assistant for the AFC South squad in January.
?Right after the draft, it gets kind of crazy,? said?Skalaski of the frenzy to sign undrafted players. ?For coaches, there is more action right after the draft than there is during the draft...It?s the closest thing to college recruiting [in the pros].
?Mike?s name came up. I said this guy, he would be a great guy to bring in here. We have nothing to lose. Just look at Mike?s West Virginia film.?
The coach was referring to Brown?s performance against the Mountaineers as a redshirt sophomore in 2009. He caught 11 passes for 157 yards and two touchdowns in a 33-20 loss.
Brown didn?t care if he was getting a look at quarterback, receiver, or heck, even punter. He just wanted a chance.
?I was kind of open to anything,? Brown said. ?I just wanted to play. I love the game; I love to compete. Any time you get a chance to compete at the highest level, it?s definitely an honor and a blessing.?
Brown went to Jacksonville for a tryout during the rookie mini-camp in early May and was signed to a non-guaranteed contract. Then, he went to the 10 days of organized team activities starting in mid-May and running to early June and a four-day mini-camp soon after.?It?s safe to say it went well.
?Mike has played himself right into contention,? said Skalaski, citing that Brown managed to beat out former Virginia Tech WR Jarrett Boykin and UCLA WR Nelson Rosario for a spot.
?Mike plays fast. We make too big of a deal in football about stopwatches. We are a football team, not a track team.?Mike plays at the same speed he runs. He gets in and out of his cuts. He has great quickness, great cuts. He is just a football player.?He has looked good so far.?
Now he is up before 7 a.m., training for countless hours on a daily basis while also meeting with?advisers, continuing on the path to his dreams. He is beaming with confidence, feeling that he deserves to be where he is.
?I had a really good rookie camp,? Brown said. ?I ended up being the only slot receiver that we had there. That helped me get a lot of reps. I got the ball a good amount of times. I was really able to display what I could do. I proved that I could learn pretty quick.
?We have a great wide receivers coach in Jerry Sullivan. He has coached a lot of great receivers. That dude is helping me a ton.?
Brown didn?t just catch the eyes of the coaches.
?Mike has certainly made a positive first impression that we hope is a lasting one,? said Gene Smith, the General Manager of the team. ?He?s really done a good job of converting from quarterback to wide receiver. He?s just a savvy football player who knows how to play the game. He?s shown natural hands and possesses good separation quickness at the top end of his routes.?
But, it hasn?t all been easy, especially dissecting the playbook.
?It?s a lot of stuff, it?s a lot of information,? Brown said. ?The main thing is, it?s all grown men now. You have to teach yourself. In college, we go over every single play. Now, it?s we are giving you the plays, you have to learn them.?
What Brown learned quickly is that this is now all?business. At times, it?s a cruel one.
?You can be there today, and you can be gone tomorrow,? said Brown, who saw his hotel roommate, former Furman QB Chris Forcier, released last week.
Living in a hotel isn?t the most ideal situation for a 23-year-old. But for the 5-foot-11, 200-pound rookie, at the moment, it couldn?t be a better situation, especially with head coach?Mike Mularkey?recently?stating that the former Mustang has shown up everyday and contributed.
?It?s been pretty good,? Brown said. ?I?ve been in the hotel and staying with friends since January...I haven?t really been home. I?m kind of getting used to it.?It has given us a chance to try and get to know each other.?
During his down time, he often heads over to the house of Rashad Jennings, a former Liberty running back who backs up Maurice Jones-Drew, the 2011 NFL rushing leader. Brown can envision himself as an established NFL player in years to come as long as he continues to work.
?It feels great,? said Brown, who will return to Virginia soon until late July. ?I have come a long way. I?m proud and happy. I still have a long way to go. The odds are really against me.?My motto has been ?beat the odds.? You look at Tom Brady, what a sixth round draft pick? Now he is a top-two player in the league. It?s not about where you went to college at, it?s about how you perform when you are here.
?When my roommate got?released, I was like ?man, I'm in this room now by myself.? Everyday you are putting your name on your work. You have to come out and you have to perform. You have to work your butt off and give it your best.?I?m really excited, just blessed. God is working in my life in a bunch of different ways. I?m one step closer. I?m not there yet.?
At this point, he may get there. Brown, who has also gotten time as a returner, will go through training camp starting in late July, and if all goes well, will be on the 90-man roster for the preseason. The team is then cut to 75 during the third week of preseason, before it is again trimmed down to 53 for the start of the regular season. Brown?s first game could potentially be on Aug. 10 at home against the Super Bowl champion New York Giants in week one of the preseason, if all goes according to plan.
?Absoultely Mike has a chance to make this team,? Skalaski said. ?The NFL is a very?tenuous?proposition at best. It?s hard to get in; it?s hard to stay in.?He took it and ran with the rest of it.?He is a 100 percent effort guy all the time, and he is a very?intelligent?player.
?We talk about the roster often in staff meetings. Mike has left an extremely favorable impression on the whole staff, from the offensive coordinator to the head coach to the special teams coordinator.?
The Jaguars could use help at the position.?With an uncertain quarterback situation, with 2011 first-round pick Blaine Gabbert and Henne likely battling it out to be the starter, the wide receiver corps lacks stability as well. The team, which went 5-11 last season, ranked 30th in the league in receiving. Brown will compete with other wide receivers for a spot on the roster, one that has few sure bets, aside from perhaps first-round pick Justin Blackmon, Mike Thomas, Lee Evans and Laurent Robinson.
For Brown, he received his shot, and that is all he ever wanted. He also received a decent comparison.
?I know Jerry Sullivan said Mike has a lot of the same qualities as Wes Welker,? said Skalaski,?referring the New England Patriots star wide receiver, who is a four-time Pro Bowl player and led the league in receptions in 2007 (tied), 2009 and 2011.
In the end, it was one move, a coach heading to the pros, that gave Brown the shot he wanted to fulfill his dream.
?It is amazing,? Skalaski said. ?It?s amazing how God works. I certainly didn?t plan on that going into the draft.
?If Mike is working and progressing like he has been, he is going to have a shot.?But there is a lot of football to be played between now and the start of the season.?Based on what I?ve seen, I?m a Mike Brown believer.?
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Saturday, June 23, 2012
Facebook stock has highest close since May 21
NEW YORK (AP) ? Facebook closes at one of its highest prices since its initial public offering.
The stock rose $1.21, or 3.8 percent, to finish Friday at $33.05. It hasn't closed above that price since May 21, the second day of trading.
The stock finished the week up 10 percent, the second straight week of increase.
Facebook is still 14 percent below its IPO price of $38 a share.
Facebook's IPO has had a rocky ride. Its debut was delayed by trading glitches on the Nasdaq.
Investors have been concerned about its ability to increase revenue and make money from its growing mobile audience, though many analysts hold positive long-term opinions.
Facebook, along with investment banks that led the IPO, is the subject of dozens of shareholder lawsuits.
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Global LCD TV shipments fall for the first time ever
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Friday, June 22, 2012
DOJ files bias suit against towns home to polygamist sect
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