Friday, January 4, 2013

News startup BuzzFeed raises millions in new round

(Reuters) - News website BuzzFeed, one of the more interesting news business models to emerge in recent years, has raised $19.3 million in new capital, the company said on Thursday.

The round was led by venture capital firm NEA along with previous investors RRE, Hearst, SoftBank and Lerer Ventures. The founders of Buddy Media, Michael and Kass Lazerow, also participated.

The money will be used for mobile and video development, editorial hires and international expansion, the company said in a release.

BuzzFeed has skyrocketed in popularity and has caught the eye of media watchers for its innovative mix of news and advertising, including a mix of high- and low-brow content, photos driven by social media and sponsored stories.

The company said it has 40 million unique visitors a month. Editor-in-Chief Ben Smith runs an editorial team of 70.

BuzzFeed was started by Jonah Peretti, the co-founder of the Huffington Post, in 2006. It has raised $46 million in total.

(Reporting By Jennifer Saba in New York; Editing by Nick Zieminski)

Source: http://news.yahoo.com/news-startup-buzzfeed-raises-millions-round-152617373--sector.html

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Green Blog: The Wind Industry Gets to Draw Another Breath

In the last-minute tax maneuvering in Congress this week, wind power came out well.

Wind not only got an extension of its tax credit in the federal budget compromise, but the rules were also restructured: while the extension runs for only one year, the nature of the deadline has changed. Projects do not need to be finished and feeding electricity to the grid by next New Year?s Eve; construction only needs to be started.

That change could prove critical. The renewal comes so late ? developers had lobbied all last year to avert a Dec. 31 expiration ? that most wind developers had simply stopped work on projects that could not be finished by the end of 2012.

The process of getting a wind farm going, including studying the wind resource, negotiating a land lease or purchase, obtaining environmental and construction permits, signing a contract to sell the electricity to a utility, getting financing, ordering the equipment and then installing it, can easily take more than two years.

A Senate aide who was involved in the run-up to the yearlong extension by Congress said that approval on New Year?s Day could have been ?like inviting somebody who is halfway around the world to lunch in an hour.??

And hard deadlines on completions tend to create industrial rush hours. For example, the number of trucks fitted out to carry giant blades is limited, and developers were worried about lacking access to them in critical weeks in the middle of last year. Right now, those trucks are idle with the decline in activity.

Meeting the deadline is crucial, because the aid is substantial. Wind developers can choose between a production tax credit, currently 2.2 cents per kilowatt-hour for the first 10 years of production, or an investment tax credit, which is a prompt payment of 30 percent of the construction cost.

Developers have projects in various early stages, and some of those will presumably now start up. On Wednesday, one opponent of wind power, John Droz Jr., said that when the expiration was pending last year, a number of projects were put on hold and ?it will take them quite a while for them to get back up to speed, and some may not ever.?? Still, state quotas for renewable energy will virtually guarantee some construction.

When the numbers for 2012 are in, the wind industry expects it to have been a record year, surpassing the 10 gigawatts installed in 2010; the total in 2012 may have reached 12 gigawatts. Construction could resume at roughly the same pace.

The numbers are huge for a young industry; the United States has only about 101 gigawatts of nuclear capacity, for example. But plants that are fueled by uranium, coal or natural gas obviously run more hours of the year than wind machines do; wind plants generally produce only 30 to 40 percent as much electricity as they would if they could run at full power all year long.

Long-term renewal would probably cost the Treasury around $12 billion over 10 years, although the wind industry insists that it will generate so much taxable activity that total tax revenues, including those at the state and local level, will exceed the tax expenditure.

The industry still faces substantial challenges, though, including the very low cost of the fossil fuel that wind means to displace (natural gas) and problems in integrating more and more wind plants. But industry experts say the wind sector could continue to draw in investment at the rate of the last few years, about $15.5 billion annually.

Some projects that simply were not ready to get under way in 2012 could do so in 2013. One of the companies hailing the extension of the tax breaks was Fishermen?s Energy, which is planning an offshore wind farm near Atlantic City in New Jersey. Onshore work will begin this year, said Rhonda Jackson, a spokeswoman, and offshore construction and completion are anticipated in 2014.

An earlier version of this post misstated the size of the federal investment tax credit for wind power. Its is 2.2 cents per kilowatt-hour, not 2.4 cents.

Source: http://green.blogs.nytimes.com/2013/01/03/the-wind-industry-gets-to-draw-another-breath/?partner=rss&emc=rss

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BS Your Way Through Starfleet Paperwork With Riker Ipsum

The next time you're filling out your logs after a long shift on the Enterprise and need to pad it out, just hop on over to Riker Ipsum, which generates random text based on quotes from William Riker. Of course Picard was always far more quotable, but the mundane musings of the first officer make for much better filler. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/pA8Z2ax8lw4/bs-your-way-through-starfleet-paperwork-with-riker-ipsum

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Thursday, January 3, 2013

Depardieu, in tax fight, gets Russian citizenship

MOSCOW (AP) ? Gerard Depardieu, the French actor who has waged a battle against a proposed super-tax on millionaires in his native country, has been granted Russian citizenship.

A brief announcement on the Kremlin website on Thursday revealed that President Vladimir Putin signed the citizenship grant following an application from the actor.

The former Oscar nominee and star of the movie "Green Card" has been vocal in his opposition to French President Francois Hollande's plans to raise the tax on earned income above ?1 million ($1.33 million) to 75 percent from the current high of 41 percent. Russia has a flat 13-percent tax rate.

"I have never killed anyone, I don't think I've been unworthy, I've paid ?145 million in taxes over 45 years," Depardieu wrote in an open letter in mid-December to Prime Minister Jean-Marc Ayrault, who had called the actor "pathetic."

"I will neither complain nor brag, but I refuse to be called 'pathetic,'" the 64-year-old actor wrote in his response.

A representative for the former Oscar nominee declined to say whether he had accepted the Russian offer, and refused all comment. Thursday was a holiday in Russia and officials from the Federal Tax Service and Federal Migration Service could not be reached for comment on whether the decision would require Depardieu to have a residence in Russia.

Depardieu said in his letter to Ayrault that he would surrender his passport and French social security card. In October, the mayor of a small Belgian border town announced that Depardieu had bought a house and set up legal residence there, a move that was slammed by the newly-elected Socialist government.

Najat Vallaud-Belkacem, the French government spokeswoman, didn't comment directly on Depardieu's tax fight, but drew a clear distinction between people who have personal or professional reasons to live abroad, and "French citizens who proclaim loudly and clearly that they they're exiling themselves for fiscal reasons."

She said Putin's offer "is an exclusive prerogative of the Russian chief of state."

Depardieu has had increasingly high-profile ties with Russia. Last October he visited the capital of Chechnya, Grozny, to celebrate the birthday of Chechen President Ramzan Kadyrov. And in 2011, he was in Russia's Arkhangelsk region to play the lead role in the film "Rasputin."

"You have to understand that Depardieu is a star in Russia," Vladimir Fedorovski, a Russian writer living in France, told the network Europe 1 on Thursday. "There are crowds around Depardieu. He's a symbol of France. He's a huge ambassador of French culture."

Though France's highest court struck down the two-year tax on Dec. 29, the government has promised to resubmit the law in a slightly different form soon. On Wednesday it estimated that the court decision to overturn the tax would cost it ?210 million in 2013.

In an interview published Sunday, Depardieu told the Sunday Parisien that the court decision made no difference.

France's debt burden is around 90 percent of national income ? not far off levels that have caused problems elsewhere in the 17-country eurozone.

Depardieu has made more than 150 films, among them the 1991 comedy "Green Card" about a man who enters into a marriage of convenience in order to get U.S. residency. Most famously, Depardieu was nominated for an Academy Award for his role as Cyrano de Bergerac in the 1990 film by the same name.

The Kremlin statement gave no information on why Putin made the citizenship grant, but the Russian president expressed sympathy with the actor in December, days after Depardieu reportedly said he was considering Russian citizenship.

"As we say, artists are easily offended and therefore I understand the feelings of Mr. Depardieu," Putin said.

Although France and Russia disagree sharply about how to resolve the civil war in Syria, the two countries have strong commercial relations. In 2011, Russia signed a contract worth more than ?1 billion ($1.33 billion) Friday to buy two French warships ? the largest military deal between a NATO country and Moscow.

Depardieu is well known in Russia, where he appears in an ad for Sovietsky Bank's credit card and is prominently featured on the bank's home page.

Depardieu is not the only high-profile Frenchman to object to the super-tax. Bernard Arnault ? chief of the luxury goods and fashion giant LVMH and worth an estimated $41 billion ? has also said he would leave for Belgium.

France's Civil Code says one must have another nationality in order to give up French citizenship because it is forbidden to be stateless. Thursday's decision by the Kremlin appears to fulfill that requirement.

____

Hinnant contributed from Paris. Silvie Corbet also contributed from Paris.

Source: http://news.yahoo.com/depardieu-tax-fight-gets-russian-citizenship-115743682.html

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Great Barrier Reef corals found at 410 feet

Even four times as deep as most scuba divers venture, the Great Barrier Reef ?blooms. A new exploration by a remote-operated submersible has found the reef's deepest coral yet.

The common coral Acropora is living 410 feet (125 meters) below the ocean's surface, a discovery that expedition leader Pim Bongaerts of the University of Queensland called "mind-blowing." The group had previously seen the coral living in the reef at a depth of about 200 feet (60 m).

Coral reefs are made of colonies of polyps which secret a rock-like exoskeleton. The polyps have a symbiotic relationship with algae that provide them nutrients using photosynthesis. Because this process requires light, coral reefs thrive in clear, relatively shallow water.

"The discovery shows that there are coral communities on the Great Barrier Reef existing at considerably greater depths than we could have ever imagined," Bongaerts said in a statement.

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Coral colonies
The 410-foot distance is surprising for the Great Barrier Reef, where scuba divers find stunning coral displays at depths down to 100 feet. But corals are known to live deep elsewhere. In the Gulf of Mexico, researchers have found the coral Lophelia pertusathriving 2,620 feet (799 m) down. Lophelia doesn't need sunlight to survive. In Puerto Rico, light-dependent corals survive as far down as 500 feet (150 m).

Bongaerts and his colleagues received funding from insurer the Catlin Group Limited to explore the Great Barrier Reef as part of an effort to understand how climate change is altering the oceans.

On the outer edge of the Ribbon Reefs, off the northern Great Barrier Reef, the researchers hit unusually calm seas and were able to deploy a remote-operated vehicle, or ROV, off the edge of the Australian continental shelf, where the ocean floor plummets hundreds of feet. It was a tough dive, said expedition member Paul Muir, a taxonomist from the Museum of Tropical Queensland. [ See Photos of the Deep Reef Corals ]

"With more than 250 meters of cable out to provide power and communications with the ROV, it was a real struggle to collect a specimen of one of these corals," Muir said in a statement.

The deep reef
The team persevered and brought one precious coral sample back to sea level. The specimen was Acropora , a type of coral that makes up the majority of most of the world's reefs. Typically, such corals peter out in the Great Barrier Reef above 330 feet (100 m), replaced by non-light-dependent sponges and sea fans.

"These discoveries show just how little we really know about the reef and how much more is yet to be discovered," Bongaerts said. "This poses lots of questions for us, but now we have specimens, we'll be able to analyze them much more closely and can expect our findings to reveal a far greater understanding of just what is going on to enable reef corals to survive at such extreme depths."

The Great Barrier Reef has been in decline, with half of it vanishing in the last 27 years, according to a study released in the journal Proceedings of the National Academy of Sciences last October. Climate change is boosting the temperature of the oceans, causing some of the damage. Another reef foe is the crown-of-thorns starfish, which eats coral. The starfish populations have exploded because of nutrient runoff from agricultural fertilizers.

Follow Stephanie Pappas on Twitter @sipappas or LiveScience @livescience. We're also on Facebook and Google+.

? 2012 LiveScience.com. All rights reserved.

Source: http://www.msnbc.msn.com/id/50346746/ns/technology_and_science-science/

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Wednesday, January 2, 2013

Pop star Rain in trouble over paparazzi photos

FILE - In this Oct. 11, 2011 file photo, South Korean pop singer Rain gives a military salute to his fans before he enters the army to serve in front of an army training center in Uijeongbu, north of of Seoul, South Korea. Rain is in trouble after paparazzi photos showed him secretly dating a top actress. Seoul?s Defense Ministry said Wednesday, Jan. 2, 2012 it is investigating whether Rain broke military rules by meeting actress Kim Tae-hee while on duty. (AP Photo/ Lee Jin-man, File)

FILE - In this Oct. 11, 2011 file photo, South Korean pop singer Rain gives a military salute to his fans before he enters the army to serve in front of an army training center in Uijeongbu, north of of Seoul, South Korea. Rain is in trouble after paparazzi photos showed him secretly dating a top actress. Seoul?s Defense Ministry said Wednesday, Jan. 2, 2012 it is investigating whether Rain broke military rules by meeting actress Kim Tae-hee while on duty. (AP Photo/ Lee Jin-man, File)

FILE - In this May 26, 2005 file photo, South Korean actress Kim Tae-hee participates in a fashion show held by South Korean apparel maker Shinwon company in the inter-Korean industrial park in Kaesong, just a few hundred meters (yards) north of the heavily fortified Demilitarised Zone that divides the Korean peninsula. South Korean pop star Rain is facing questions after paparazzi photos showed him out on the town with Kim. Seoul's Defense Ministry said Wednesday, Jan. 2, 2013 it is investigating whether Rain broke military rules by meeting the actress while on duty. (AP Photo/Lee Jae-Won, Pool, File)

FILE - In this Oct. 14, 2011 file photo, South Korean pop singer Rain appears to attend an event at an army training center in Uijeongbu, South Korea. Rain is facing questions after paparazzi photos showed him out on the town with a top actress. Seoul's Defense Ministry said Wednesday, Jan. 2, 2013 it is investigating whether Rain broke military rules by meeting actress Kim Tae-hee while on duty. (AP Photo/Yomnhap, Lim Byung-shick, File) KOREA OUT

(AP) ? South Korean pop star Rain is facing questions after paparazzi photos showed him out on the town with a top actress.

Seoul's Defense Ministry said Wednesday it is investigating whether Rain broke military rules by meeting actress Kim Tae-hee while on duty.

Rain is fulfilling his compulsory army service as an entertainer for the military. He is not allowed to have private meetings while outside his Seoul base for official duties such as recording and performing.

The ministry says a brief lockup in a military jail cannot be ruled out as a penalty.

Kim's agency admits that the two have dated for a month. Rain's agency neither denies nor confirms it.

Rain joined the military in October 2011 and is scheduled to be discharged in July.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-01-02-SKorea-People-Rain/id-e4d901ab41314b798b1324fbd1d533ee

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Ubuntu teaser counts down to January 2nd launch, hints at touch-based OS

Ubuntu teaser counts down to January 2nd launch, hints at touchbased OS

"So close, you can almost touch it." The Ubuntu home page is currently dominated by a banner with that teaser, along with a clock counting down to 8AM ET on Wednesday, January 2nd. Our guess is that the pre-CES announcement may focus on mobile, with a touch-friendly interface possibly on the horizon. During a Slashdot Q&A in December, Canonical founder Mark Shuttleworth clued readers in on the company's plans to bring the OS to mobile devices, including smartphones and tablets, as part of a strategy to familiarize desktop users with the Linux-based operating system. While this week's announcement may fall in line with that objective, it's likely to be just one part of the equation, with 14.04 LTS not set to launch until April 2014 at the earliest. Either way, we have more than a day to go before Ubuntu's mystery is unveiled, so tune your browser to the source link below to join in on the countdown fun.

[Thanks, Brian]

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Source: Ubuntu

Source: http://www.engadget.com/2013/01/01/ubuntu-teases-touch-os/

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