Mourners gather at funeral for Chiefs' Belcher

DIX HILLS, N.Y. (AP) ? Jovan Belcher was remembered Wednesday for the accomplishments of a life that ended so suddenly and violently.

Several hundred mourners gathered for the Kansas City Chiefs linebacker's funeral near his hometown on Long Island. The 25-year-old Belcher shot and killed his girlfriend on Dec. 1, then drove to the Chiefs' practice facility and committed suicide in front of team officials.

At Upper Room Christian Church on Wednesday, relatives wore black - and red, the Chiefs' color. Pastor Dawn Mixon shared that Belcher's mother, Cheryl Shepherd, described him as a "humble, kind young man." He had a soft spot for children and loved cartoons.

"We may not understand the reasons why we are here or understand what caused this tragedy," Mixon said.

At a celebration of Belcher's life, there were hints of the way it ended. A photo slide show played on a large screen above the stage, with images from Belcher's childhood through his football careers at nearby West Babylon High School and the University of Maine.

Then appeared the words "In loving memory of" Belcher and Kasandra Perkins, the mother of his 3-month-old daughter. After a series of pictures of Perkins and baby Zoey came the message, "Keep this little girl in your prayers."

"The legacy we pass on to her will be good," said his uncle, Davin Miles.

Next to an open casket were collages of photos and mementos from Belcher's playing career. An array of flowers spelled out W.B. for his high school.

Chiefs players and staff attended a memorial service for Belcher in Kansas City last week. His locker at their practice facility had been left intact after his death ? his helmet, pads, laundry and shoes still sitting there the way he left them. As the Chiefs returned from an off day Wednesday, it had finally been cleaned out.

On a Saturday morning, the day before the team's game against the Carolina Panthers, Belcher shot the 22-year-old Perkins multiple times at their home. Police said Belcher and Perkins previously had been arguing.

Belcher then drove to Arrowhead Stadium, where he thanked coach Romeo Crennel and general manager Scott Pioli for all they'd done for him. As police arrived, Belcher slipped behind a car and put the gun to his head.

His path to becoming an NFL starter had been an unlikely one. Belcher did not play in college football's top division, and he wasn't drafted. But he made the Chiefs, becoming a full-time starter in 2010.

Bishop Stephanie Green described Belcher as "a man who did some awesome things ? while other young men his age were out hustling, slinging and doing other things, he chose an education."

___

AP Sports Writer Dave Skretta in Kansas City, Mo., contributed to this report.

Source: http://news.yahoo.com/mourners-gather-funeral-chiefs-belcher-193925233--nfl.html

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In court papers US alleges HSBC allowed prohibited transactions with Iran, Libya, others

WASHINGTON - The Justice Department says the British bank HSBC violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico.

In court papers filed Tuesday, the federal government said the case against HSBC is related to the laundering of proceeds from narcotics trafficking via the Black Market Peso Exchange ? a method by which money launderers convert cash narcotics dollars into Colombian pesos.

The government also alleges that HSBC intentionally allowed prohibited transactions with Iran, Libya, Sudan and Burma. The bank also facilitated transactions with Cuba in violation of the Trading With the Enemy Act, according to the documents.

The documents in federal court in Brooklyn say the prohibited transactions with Iran, Libya, Sudan and Burma took place from 2001 through 2006.

The government's allegations come as HSBC says it has agreed to pay $1.9 billion to settle the U.S. money-laundering probe. The move avoids a legal battle that could further savage the bank's reputation and undermine confidence in the global banking system.

Source: http://news.yahoo.com/court-papers-us-alleges-hsbc-allowed-prohibited-transactions-164628748.html

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Caltech wizards develop terahertz-radiating chips, eye homeland security and 'touchless gaming' applications

A duo of electrical engineers (or mad scientists, if you prefer) at the California Institute of Technology have developed chips that could very well end up in the next James Bond movie. Or, you know, real life. The newfangled chips are capable of generating and radiating "high-frequency electromagnetic waves, called terahertz (THz) waves, that fall into a largely untapped region of the electromagnetic spectrum." They can penetrate a host of materials without the ionizing damage of X-rays, and apparently, can be integrated into small, handheld devices. The university is already dreaming of potential applications -- everything from homeland security to wireless communications to health care, and even touchless gaming. In theory, this kind of work would eventually lead to noninvasive cancer diagnosis as well. The technobabble can be seen in full at the source link.

Filed under: Science, Alt

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Source: Caltech

Source: http://www.engadget.com/2012/12/10/caltech-terahertz-wave-chips-security-wireless/

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FTSE falls as Italian woes hit banks

LONDON (Reuters) -The FTSE 100 index edged lower on Monday, led by financial stocks which fell on worries over Italy's economy after the country's prime minister said he would resign.

Traders had mixed views over whether the fall would be temporary, with some still expecting a traditional year-end rally, while others backed selling equities in case the stock market fell further.

The blue-chip FTSE 100 was down by 0.3 percent, or 17.63 points lower, at 5,896.77 points by around midday, halting a three-week rally, with the index having risen more than 5 percent from a low of around 5,600 points in mid-November.

Italian Prime Minister Mario Monti said on Saturday that he would resign after the 2013 budget is approved, increasing political uncertainty in the heavily indebted country and probably bringing forward elections to February.

Hartmann Capital trader Basil Petrides said the uncertain outlook meant investors should book profits on the back of recent gains on equities, with the FTSE 100 up around 6 percent so far since the start of 2012.

"If you've got profit on the table, it should be banked. At the moment, I have a short-term negative bias. The market could gently trickle lower," he said.

Banks and insurers, which are exposed to the euro zone's debt crisis due to their sovereign bond holdings, were among the worst-performing sectors, and Petrides said he had "short" positions out on that sector to bet on further falls.

The FTSE 350 banking index was down by 0.8 percent, with HSBC accounting for much of the FTSE 100's fall as it slipped 0.7 percent.

Worries over a deterioration in the euro zone crisis also hit insurers, with Aviva falling 2.5 percent to make it the worst-performing FTSE 100 stock.

"I am 'short' on Barclays and Aviva," said Petrides.

YEAR-END RALLY?

Securequity sales trader Jawaid Afsar had a more positive outlook, expecting the market to have the year-end rally it traditionally experiences, despite the problems in Italy.

The FTSE 100 is also trading above the 50-day and 200-day simple moving average levels, which lie at around 5,800 points and 5,700 points, respectively, and which is often used as a sign by technical traders that the index could rise further.

Oriel Securities strategist Darren Winder said UK miners could be on track for a strong 2013, and Afsar also backed buying shares in that sector.

Afsar added he was considering buying shares in Barclays following the dip in the bank's share price. He said he could buy the stock at around the 240-245 pence level, with Barclays down 1 percent on Monday at around 249 pence.

Afsar said fund managers would still look to put money into shares ahead of the year-end, with stocks offering better returns via dividend payments than cash or sovereign bonds, where returns have suffered due to interest rates at historic lows.

"There are a lot of fund managers who are underweight on equities, and they'll be looking to put their money to work," he said.

(Reporting by Sudip Kar-Gupta; Editing by Louise Heavens)

Source: http://news.yahoo.com/ftse-100-retreats-euro-zone-concerns-080518146--finance.html

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Source: http://larawatson258.blogspot.com/2012/12/donards-site-internet-and-businesses.html

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Rains again halt Nelson Mandela golf event

Published: Dec. 7, 2012 at 6:13 AM

DURBAN, South Africa, Dec. 7 (UPI) -- Heavy rains and lightning Friday in South Africa caused another postponement of first-round play at the European Tour's Nelson Mandela Championship.

The event is the first on the 2012-13 European PGA Tour calendar.

Rains Thursday led organizers to delay the first round but more than an inch of rain fell on the Royal Durban course early Friday, leaving it unplayable.

"The further overnight rain -- around 30mm -- and a huge thunderstorm has obviously set us back a long way now," said European Tour Tournament Director Mikael Eriksson.

"Every fairway is almost completely underwater now ... ."

Course officials were moving in pumps to try to clear numerous areas of standing water.

Eriksson said the first round was rescheduled to begin at 6:30 a.m. Saturday. Organizers didn't say whether the event would be reduced from 72 holes but with the European Tour in South Africa for next week's Alfred Dunhill Championship, the Durban tournament could be extended to Monday.

Source: http://www.upi.com/Sports_News/2012/12/07/Rains-again-halt-Nelson-Mandela-golf-event/UPI-19451354878824/

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Shoe Carnival paying special, quarterly dividends

EVANSVILLE, Ind. (AP) -- Shoe Carnival Inc. said Friday that its board approved the payment of a special cash dividend of $1 per share and a quarterly cash dividend of 5 cents.

The Evansville, Ind.-based footwear and accessories company said the dividends will be paid on Dec. 28 to shareholders of record as of Dec. 17.

Shoe Carnival is the latest company to move up its quarterly payout or issue a special end-of-year payment to protect investors from potentially having to pay higher taxes on dividend income starting in January.

Many companies are reviewing their dividend policies now that it appears investors could soon pay higher taxes. Since 2003 investors have paid a maximum 15 percent on dividend income. But that historically low rate will expire in January unless Congress and President Barack Obama reach a compromise on taxes and government spending.

As it stands, dividends will be taxed as ordinary income in 2013, the same as wages, so rates will go up depending on which income bracket a taxpayer is in. For the highest earners, the dividend rate would jump to 43.4 percent.

Shoe Carnival shares rose 10 cents to $22 in morning trading Friday. They peaked at $24.66 on Aug. 23 over the past year. They fell as low as $14.97 last December.

The company operates 352 stores in 32 states and Puerto Rico,

Source: http://news.yahoo.com/shoe-carnival-paying-special-quarterly-153913200.html

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