Why haven't we learned from fires?






STORY HIGHLIGHTS


  • Pyrotechnics, overcrowding, poor exits have contributed to tragic fires in recent years

  • You would think the world would have learned from past incidents, John Barylick says

  • Concertgoers have to be their own fire marshals, he says




Editor's note: John Barylick, author of "Killer Show," a book on the 2003 Station nightclub fire in Rhode Island, is an attorney who represented victims in wrongful death and personal injury cases arising from the fire.


(CNN) -- Sunday morning we awoke to breaking news of another tragic nightclub fire, this time in Brazil. At last report the death toll exceeded 230.


This tragedy is not without precedent. Next month will mark the 10th anniversary of a similar nightclub fire in Rhode Island. At this sad time, it's appropriate to reflect on what we've learned from club fires -- and what we haven't.


Rhode Island's Station nightclub fire of 2003, in which 100 concertgoers lost their lives, began when fireworks set off by Great White, an 80s heavy metal band, ignited flammable packing foam on the club's walls.



John Barylick

John Barylick



Panicked patrons stampeded toward the club's main exit, and a fatal pileup ensued. Contributing to the tragedy were illegal use of pyrotechnics, overcrowding and a wall covering that would have failed even the most rudimentary flammability tests.


Video images of the Station fire were broadcast worldwide: A concert begins; the crowd's mood changes from merry, to curious, to concerned, to horrified -- in less than a minute. You'd think the world would have learned from it. You would be wrong.


Deadly blazes: Nightclub tragedies in recent history



The following year, the Republica Cromanon nightclub in Argentina went up in flames, killing 194 people. The club was made to hold about 1,000 people, but it was estimated that more than 3,000 fans were packed inside the night of the fire, which began when fans began lighting flares that caught the roof on fire.


Then, in January 2009, at least 64 New Year's revelers lost their lives in a nightclub in Bangkok, Thailand, after fire ignited its ceiling. Many were crushed in a rush to get out of the club. In December of that same year, a fire in a Russian nightclub, ignited by pyrotechnics, killed 156 people. Overcrowding, poor exits, and indoor fireworks all played roles in these tragedies; yet no one bothered to learn from mistakes of the past.


While responsibility for concert disasters unquestionably lies with venue operators, performers and promoters, ultimately, we, as patrons of clubs and concerts, can enhance our own safety by taking a few simple steps. The National Fire Protection Association urges concertgoers to:






• Be observant. Is the concert venue rundown or well-maintained? Does the staff look well-trained?


• As you proceed to your seat, observe how long the process takes. Could you reverse it in a hurry? Do you pass through pinch points? Is furniture in the way?


• Once seated, take note of the nearest exit. (In an emergency, most people try to exit by the door they entered, which is usually not the closest, and is always overcrowded.) Then, share the location of that nearest exit with your entire party. Agree that at the first sign of trouble, you will all proceed to it without delay.


• Once the show begins, remain vigilant. If you think there's a problem, LEAVE IMMEDIATELY. Do not stay to "get your money's worth" despite concerns about safety. Do not remain to locate that jacket or bag you placed somewhere. No concert is worth your life. Better to read about an incident the next day than be counted as one of its statistics.


Read more: How to protect yourself in a crowd


To be sure, all fire codes must be vigorously enforced, and club and concert hall operators must be held to the highest standards. A first step is banning indoor pyrotechnics in all but the largest, stadium-type venues.


But, ultimately, we are our own best "fire marshals" when it comes to avoiding, and escaping, dangerous situations. We can still enjoy shows. But it is up to us to look out for our own safety.


In coming days, Rhode Islanders will follow the unfolding news from Brazil with a sense of queasy deja vu -- the rising body counts, the victim identification process, the grieving families, and the assigning (and dodging) of blame. If only they had learned from our tragedy.


The opinions expressed in this commentary are solely those of John Barylick.







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“Argo” boosts Oscar chances with two weekend award






LOS ANGELES (Reuters) – Iran hostage drama “Argo” won its second big award in two days on Sunday, boosting its chances of winning a best picture Oscar next month in a race that had been considered wide open.


“Argo” won best cast ensemble, the top prize, at the Screen Actors Guild Awards, while Daniel Day-Lewis and Jennifer Lawrence took lead acting honors.






On Saturday, “Argo” won the Producers Guild Award – a key measure of Hollywood sentiment – beating “Lincoln,” “Les Miserables,” and “Silver Linings Playbook,” which are all Academy Award best picture contenders.


“There was absolutely no way I thought we would win this award,” the film’s director and star, Ben Affleck, told reporters backstage after the SAG win. “Argo” is the true story of the rescue of U.S. diplomats stranded in Tehran after the 1979 Islamic Revolution.


Asked about his movie’s Oscar chances, Affleck said he was not in the business of “handicapping or trying to divine what’s going to happen down the road.”


“I don’t know what’s going to happen, nothing may happen, but it’s a wonderful opportunity to be on the ride,” Affleck added.


The Screen Actors Guild (SAG) ceremony is among the most-watched during Hollywood’s awards season because actors make up the largest voting group in the Academy of Motion Picture Arts and Sciences, which chooses the Oscar winners. The SAG honors are selected by about 100,000 actors working in the United States.


SAG prizes acting over directing, screenplay writing and other skills that usually factor into the Oscar best picture choice.


PLAYING DOWN OSCAR HOPES


British-born Day-Lewis, who has picked up a slew of awards for his intense portrayal of U.S. President Abraham Lincoln’s efforts to abolish slavery in “Lincoln,” confirmed his status as front-runner for what would be his record third Oscar on February 24.


But the actor played down his Oscar hopes backstage. “Members of the academy love surprises, so about the worst thing that can happen to you is if you’ve built up an expectation,” Day-Lewis told reporters.


Accepting his award on stage to a standing ovation, he recalled that “it was an actor that murdered Abraham Lincoln and, therefore, it is sometimes only fitting that, now and then, an actor tries to bring him back to life again.”


In one of the most closely contested categories, Lawrence, 22, was chosen best lead actress for playing an outspoken young widow in “Silver Linings Playbook” over Jessica Chastain’s feisty CIA agent in Osama bin Laden thriller “Zero Dark Thirty.”


Tommy Lee Jones, 66, won the best supporting actor trophy for his turn as radical Congressman Thaddeus Stevens in “Lincoln,” beating strong competition from Robert De Niro, who played a gruff father in “Silver Linings Playbook.”


Anne Hathaway, 30, won her first SAG award for her supporting role as the tragic Fantine in musical “Les Miserables.”


“I got my SAG card when I was 14 … And I have loved every single minute of my life as an actor,” said Hathaway, accepting the statuette.


SAG also handed out awards for performances in TV dramas, comedies and mini-series, and gave a lifetime achievement award to actor Dick Van Dyke.


In TV drama, the British cooks and countesses period show “Downton Abbey” won best ensemble cast. “Breaking Bad” star Bryan Cranston was named best actor and “Homeland’s” Claire Danes best actress.


“Modern Family” won the best comedy cast ensemble award for a third consecutive time. Alec Baldwin won best TV comedy actor for the 8th time for his role as an egotistical executive in “30 Rock” and his co-star Tina Fey took the honors for comedy actress ahead of the show’s final episode on Thursday.


(Additional reporting by Alex Dobuzinskis, editing by Stacey Joyce)


Movies News Headlines – Yahoo! News





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Virginia Energy Completes Expanded Financing






VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan 28, 2013) – Virginia Energy Resources Inc. (TSX VENTURE:VUI)(OTCQX:VEGYF) (“Virginia Energy” or the “Company“) is pleased to announce that it has completed the non-brokered private placement financing announced in a news release dated December 28, 2012. As a result, Virginia Energy expects to issue 24,079,856 common shares for consideration of gross proceeds of $ 6,398,800 in cash plus 21,851,411 common shares of Energy Fuels Inc. (TSX:EFR) for a total value of $ 10,113,540. In addition, Graham Moylan, Chief Financial Officer of Energy Fuels, will be appointed as a director of the Company, subject to approval of the TSX Venture Exchange.


Common Shares issued under the Offering will be subject to a hold period of four months and one day from the closing date of the Offering. In accordance with regulations of the TSX Venture Exchange, finder”s fees may be payable to accredited agents on that portion of the Offering from purchasers identified by such finder, including the subscription by Energy Fuels. Funds from the Offering will be used for general working capital.






Virginia Energy will immediately repay its outstanding bridge loan facility of $ 750,000 with Sprott Resource Lending Partnership.


The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration or an exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About Virginia Energy Resources Inc.


Virginia Energy Resources Inc. is a uranium development and exploration company. The company holds a 100% stake in the advanced stage Coles Hill uranium project located in south central Virginia, USA. Additionally, the company operates a uranium exploration program in the Otish Basin of Quebec, Canada.


On Behalf of the Board of Directors of VIRGINIA ENERGY RESOURCES INC. 


Walter Coles Sr., President & CEO


Cautionary Note Regarding Forward-Looking Statements and Information


Certain of the statements and information in this press release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements relating to the plans for completion of the Offering. Forward-looking statements and information generally express predictions, expectations, beliefs, plans, projections, or assumptions of future events or performance, do not constitute historical fact and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in such statements, including, without limitation: the risk that the Offering will not be approved by the Toronto Stock Exchange or TSX Venture Exchange; risks and uncertainties related to the full Offering not being completed in the event that there are not sufficient subscribers or the conditions thereto are not satisfied, including the acceptance by the Toronto Stock Exchange or the TSX Venture Exchange. Forward-looking statements and information contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements or information will prove accurate. Actual results may differ materially from those anticipated or projected. Virginia Energy and Energy Fuels expressly disclaim any intention or obligation to update or revise any forward-looking statements and information whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. No production decision with respect to the Coles Hill project has been made nor will a production decision be made until Virginia Energy has completed a feasibility study.


Marketwire News Archive – Yahoo! Finance





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Wall Street flat after rally, Caterpillar advances

NEW YORK (Reuters) - U.S. stocks were flat on Monday, with investors reluctant to make big bets following an extended equity rally, though strong data and results from Caterpillar kept a positive tone in markets.


The S&P 500 is coming off a streak of eight sessions of gains, the longest winning streak for the index in eight years. On Friday, it closed above 1,500 for the first time in more than five years.


Caterpillar Inc rose 1.8 percent to $97.24 after the Dow component reported adjusted fourth-quarter earnings that beat expectations, though revenue was slightly below forecasts. The heavy machinery maker also said it expects China's economy to improve, though not at the rates of 2010 and 2011.


The results continued the trend of major firms posting strong quarters, contributing to major averages rising for four straight weeks.


"You can't find more of a global bellwether than Cat, and people are pleased with the number, which suggests there could be less concern about slowing growth in China after this," said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.


Thomson Reuters data through Friday showed that of the 147 S&P 500 companies that have reported earnings so far, 68 percent exceeded expectations. Since 1994, 62 percent of companies have topped expectations, while the average over the past four quarters stands at 65 percent.


The Dow Jones industrial average <.dji> was up 18.07 points, or 0.13 percent, at 13,914.05. The Standard & Poor's 500 Index <.spx> was down 0.07 points, or 0.00 percent, at 1,502.89. The Nasdaq Composite Index <.ixic> was up 7.25 points, or 0.23 percent, at 3,156.97.


The S&P 500 on Friday closed at its highest since December 10, 2007, and the Dow ended at its highest since October 31, 2007. Over the past four weeks, the S&P has jumped 7.2 percent, suggesting markets may be vulnerable to a pullback if news disappoints.


Durable goods jumped 4.6 percent in December, a pace that far outstripped expectations for a rise of 1.8 percent.


"We continue to have a parade of better-than-expected economic reports. All-in-all it's a good picture. I think there's a good chance we've reached a point of recognition where people don't think the economy will crater," Kaufman said.


In addition to earnings, equities have also risen on an agreement in Washington to extend the government's borrowing power. On Monday, Fitch Ratings said that agreement removed the near-term risk to the country's 'AAA' rating.


Previously, the agency said the lack of an agreement would prompt a review of the sovereign rating.


In company news, Keryx Biopharmaceuticals Inc said a late-stage trial of its experimental kidney disease drug met the main study goal of reducing phosphate levels in blood, sending shares up 43 percent to $4.91.


Bargain hunters may look to Apple Inc in the first session after the tech giant lost its coveted title as the largest U.S. company by market capitalization to Exxon Mobil Corp . Apple rose 0.7 percent to $443.06.


On Friday, Apple's market cap fell to $413 billion, down roughly $250 billion from its September peak. Apple's fall is about equal to the entire value of Google Inc .


"Apple is pretty attractive right now, so you may see an opportunity here," said Chris Bertelsen, who helps oversee $1.5 billion as chief investment officer of Global Financial Private Capital in Sarasota, Florida. "Those who think the stock is dead have made a big mistake."


(Editing by W Simon, Kenneth Barry and Nick Zieminski)



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Tiger headed toward another win at Torrey


SAN DIEGO (AP) — The Pacific air was so cold at the end of a 10-hour day at Torrey Pines that Tiger Woods thrust both hands in the front pockets of his rain pants as he walked off the course at the Farmers Insurance Open.


It was a fitting image. Woods made a marathon day look like he was out for a stroll.


Staked to a two-shot lead going into the third round of this fog-delayed tournament, Woods drove the ball where he was aiming and was hardly ever out of position. Even with a bogey on the final hole — the easiest on the back nine — Woods still had a 3-under 69 and expanded his lead by two shots.


In the seven holes he played in the fourth round later Sunday afternoon, Woods hit the ball all over the course and still made three birdies to add two more strokes to his lead.


Thanks to the fog that wiped out an entire day of golf on Saturday, the Farmers Insurance Open didn't stand a chance of finishing on Sunday.


Woods just made it look like it was over.


He had a six-shot lead with 11 holes to play going into the conclusion of the final round on Monday. The two guys chasing him were Brandt Snedeker, the defending champion, and Nick Watney, who won at Torrey Pines in 2008. Neither was waving a white flag. Both understood how much the odds were stacked against them.


"I've got a guy at the top of the leaderboard that doesn't like giving up leads," Snedeker said. "So I have to go catch him."


"All we can do tomorrow is go out and try to make him think about it a little bit and see what happens," Watney said.


And then there was Erik Compton, a two-time heart transplant recipient who had a birdie-eagle finish in the third round that put him in third place through 54 holes, still five shots behind Woods. Someone asked Compton about trying to chase Woods. He laughed.


"I'm trying to chase myself," he said.


Woods was at 17-under par for the tournament, and more than just a six-shot lead was in his corner.


He finished the third round at 14-under 202, making it the 16th time on the PGA Tour that he had at least a four-shot lead going into the final round. His record on the PGA Tour with the outright lead after 54 holes is 38-2, the exceptions being Ed Fiori in 1996 when Woods was a 20-year-old rookie and Y.E. Yang in the 2009 PGA Championship.


Woods attributed his big lead to the "whole package."


"I've driven the ball well, I've hit my irons well, and I've chipped and putted well," he said. "Well, I've hit good putts. They all haven't gone in."


Woods has a good history of Monday finishes, starting with Torrey Pines. It was on this course along the coast north of La Jolla that Woods won a 19-hole playoff against Rocco Mediate to capture the 2008 U.S. Open for his 14th major.


He also won the Pebble Beach National Pro-Am on a Monday in 2000 when he rallied from seven shots behind with seven holes to play. He won his lone title in The Players Championship on a Monday, along with a five-shot win in the Memorial in 2000, and a scheduled Monday finish in the Deutsche Bank Championship outside Boston.


Woods even gets to sleep in.


A Monday finish because of weather typically resumes in the morning so players can get to the next tournament. CBS Sports, however, decided it wanted to televise the conclusion, and so play won't begin until 2 p.m. EST. That decision might have been based on Woods being headed toward victory — just a hunch.


Woods already has won seven times at Torrey Pines, including the U.S. Open. That matches his PGA Tour record at Bay Hill and Firestone (Sam Snead won the Greensboro Open eight times, four each on a different course).


The tournament isn't over, and Woods doesn't see it that way.


"I've got to continue with executing my game plan. That's the idea," he said. "I've got 11 holes to play, and I've got to play them well."


He seized control with his 69 in the third round that gave him a four-shot lead, and he might have put this away in the two hours he played before darkness stopped play.


He badly missed the first fairway to the left, but had a gap through the Torrey pines to the green and had a two-putt par. He missed his next shot so far to the left that the ball wound up in the first cut of the adjacent sixth fairway. He still managed a simple up-and-down for par.


After a 10-foot birdie on the par-3 third, Woods couldn't afford to go left off the tee again because of the PGA Tour's largest water hazard — the Pacific Ocean. So he went miles right, beyond a cart path, a tree blocking his way to the green. He hit a cut shot that came up safely short of the green, and then chipped in from 40 feet for birdie.


"I was able to play those holes in 2-under par," Woods said. "And then I hit three great drives right in a row."


One of them wasn't that great — it was in the right rough, the ball so buried that from 214 yards that Woods hit a 5-wood. It scooted down the fairway and onto the green, setting up a two-putt birdie the stretched his lead to six shots. And after another good drive, the horn sounded to stop play. Because it was due to weather, Woods was able to finish the hole, and he two-putted for par.


Eleven holes on Monday were all that were keeping him from his 75th career win on the PGA Tour, and delivering a message to the rest of golf that there could be more of this to follow no matter what the golf course.


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Women in infantry: Tough challenge?




Hospital Corpsman Shannon Crowley packs for a mission as Lance Cpl.. Kristi Baker sits on her bed in 2010 in Afghanistan.




STORY HIGHLIGHTS


  • Maren Leed: Ban on women in combat has hurt operations, women's promotion

  • Leed: Integrating women into the physically demanding infantry presents challenges

  • Women are already in combat; she says, the "front line" and "rear line" no longer exist

  • Leed: Research into women in infantry might show that some limits might be appropriate




Editor's note: Maren Leed is senior adviser, Harold Brown Chair in defense policy studies at the Center for Strategic and International Studies. From 2011 to 2012, she served as senior adviser to the chief of staff of the U.S. Army. Follow the Center for Strategic and International Studies on Twitter.


(CNN) -- In the coming years, lifting the ban on women in combat, announced Thursday by Defense Secretary Leon Panetta, might prove particularly challenging in the most iconic of military occupations -- the infantry, among the most physically demanding and tradition-bound branches of the Marines and the Army.


Determining the best path forward to integrate women into this elite group will require hard-nosed honesty, careful management and compelling leadership.


For the 65 years that women have enjoyed a permanent place in the United States military, they have been subject to restrictions. One rationale is the notion embedded in our culture that women should be shielded from great physical risks. Another is a recognition of the physical superiority of the average male over the average female. A third is the fear that unit cohesion, critical to military performance, would suffer with the introduction of women.



Maren Leed

Maren Leed




These three concerns apply to varying degrees in the infantry. But the last 11 years of war have clearly demonstrated that warfare is no longer waged in a linear fashion, and that the concept of "front line" no longer applies.


Opinion: A more equal military? Bring back draft


Historically, logistics operations were conducted "in the rear," where risks were comparatively low. This has changed: In 2006 in Iraq, for example, one in every five truck convoys was attacked. Although infantry clearly remains one of the most dangerous military occupations, the proliferation of homemade bombs and other low-cost, lethal weaponry and tactics have heightened the risk of almost every occupation. War is more uniformly dangerous.


That said, physical differences between the sexes remains a thorny issue. Determining gender-neutral physical standards for an integrated infantry will be one of the most difficult tasks ahead.


Infantry soldiers and Marines are the primary forces for operations on foot. They not only travel long distances, but also frequently carry loads in excess of 50 pounds. Both the short- and long-term health effects of such demands can be significant.


Single mom fought alongside combat troops in Afghanistan






The Defense Department has consistently pursued solutions to lighten the load, from exoskeletons to unmanned vehicles that would serve as "pack mules," to the elusive quest for higher power, lower weight batteries.


The success of these efforts will benefit both men and women. But until that happens, research into the effects these physical demands have on women is necessary before determining the degree to which they can, and should, be part of the full range of infantry.


Whether men serving in the infantry will accept women as peers is another open question.


Those who oppose women in the infantry argue that they would change group dynamics, disrupt bonding and ultimately harm unit cohesion. In the past, these fears have been brought up regarding the participation of minorities and homosexuals, too. But data show these negative predictions don't come true. Instead, successful integration has happened with strong leadership, and, critically, a process that is broadly perceived to be fair.


Opinion: Women in combat a dangerous experiment


Even if the arguments underpinning the ban on women in combat have weakened, is there sufficient justification for change? The Joint Chiefs apparently believe so, as they have unanimously recommended the ban be lifted.


Each of the services already has been taking steps along these lines. This is in part driven by the evolution of the battlefield. When today's senior leaders were serving time in Iraq and Afghanistan, they realized that the restrictions on women sometimes also restricted their missions.


They implemented work-arounds and sought exceptions to policy. But they came home with firsthand experience of the mismatch between modern warfare and the policies limiting women's role. Women are in combat, and senior military leaders believe that future success demands they must remain available to be so, in even greater numbers.


From the institutional viewpoint, there are also concerns that the traditional limitations fail to make the best use of women in the service. Combat experience weighs heavily in promotion decisions, and restrictions have precluded women from gaining experiences equal to those of male counterparts.


Women are also excluded from many of the occupations disproportionately represented in senior leadership, and that automatically limits the number of women who can advance to the highest levels. At the same time, the pool of Americans eligible for military service is shrinking, and competition for high-quality recruits is intensifying. So it's imperative that the military fully leverage the talent of the men and women it has and that it seeks to attract.


By the numbers: Women in the U.S. military


The arguments in favor of lifting the ban on women in combat outweigh those against it. Despite Defense Secretary Leon Panetta's announcement on Thursday, the military services maintain the prerogative to preclude women from serving in certain positions or occupations.


Infantry, or at least some specialties within that branch, could well be a case in which restrictions are warranted. But military leaders have time to evaluate this proposition, and to set the conditions to make any change stick. The path ahead may not be smooth, but it is necessary.


Follow us on Twitter @CNNOpinion.


Join us on Facebook/CNNOpinion.


The opinions expressed in this commentary are solely those of Maren Leed.






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“Fruitvale,” “Blood Brothers” win top awards at Sundance






PARK CITY, Utah (Reuters) – Drama film “Fruitvale” and documentary “Blood Brothers” won the top awards at the Sundance Film Festival on Saturday, giving them a big boost to reach independent movie audiences this year.


“Fruitvale,” starring Octavia Spencer and Michael B. Jordan and directed by 26-year-old, first-time filmmaker Ryan Coogler,” picked up the U.S. drama jury and audience awards for its “moral and social urgency.”






The film is based on the true story of 22-year-old Oscar Grant, who was killed by police in Oakland, California, on New Year’s Eve in 2008 and whose death sparked riots against police brutality. Movie studio The Weinstein Company purchased distribution rights for the film.


“This film had a profound impact on the audience that saw it … this award goes out to my home in the Bay Area where Oscar Grant breathed, slept, loved, had fun and survived for 22 years,” Coogler said in his acceptance speech.


Oscar-winning documentarian Davis Guggenheim awarded the U.S. documentary jury prize to “Blood Brothers,” saying it shook the voting panel to their core.


The documentary follows an American man who moves to Africa and works with children suffering from HIV at an orphanage, and through his work, the children gain a voice.


“It is so encouraging for the kids … their lives are so encouraging, and they die and no one remembers their name … To take their story so that everyone sees it, it’s so awesome,” director Steve Hoover said.”


Young actress Shailene Woodley, praised for her performance in “The Descendants” last year, and her co-star Miles Teller won the Special Jury acting prize in “The Spectacular Now.”


Actress Lake Bell, who made her directorial debut in the U.S. drama category with quirky comedy “In A World,” picked up the drama screenwriting award.


Hosted by actor Joseph Gordon-Levitt, who premiered his raunchy directorial debut “Don Jon’s Addiction” this year, the Sundance Film Festival Awards pick winners at the top gathering for independent movies made outside of Hollywood’s major studios.


“Sundance is a community of people of filmmakers and film lovers who all believe together that there’s more to movies than glitz and glamour and money and the box office. In Hollywood, you can feel like a freak if you talk about movies as art, and here, you don’t have that,” Gordon-Levitt said.


WORLD CINEMA WINNERS


The Sundance Film Festival, now in its 35th year, is backed by Robert Redford’s Sundance Institute. The 10-day gathering of the independent film industry is held in snowy Park City, Utah.


In previous years, films that win the top prizes at the Sundance Film Festival often go on to achieve Hollywood awards success as well.


Last year, mythological drama “Beasts of the Southern Wild” won the top prize at Sundance and is now nominated for four Oscars in major categories.


The award winners are voted for by special juries of industry professionals and by the audience for the audience favorite awards.


In the world cinema categories, South Korean drama “Jiseul” picked up the grand jury drama prize. The film, directed by Muel O, follows the residents of a small town who were forced to hide in a cave for 60 days after the military attacked their village.


Cambodian documentary “A River Changes Course,” about three young Cambodians struggling with adversity in a country ravaged by war and debt, picked up the world cinema grand jury award.


“Events like these really bring our communities together to share in the beauty of the world and the beauty of our future,” director Kalyanee Mam said.


“Pussy Riot: A Punk Prayer,” which follows the story of three members of a Russian feminist punk band jailed for performing a “punk prayer” in a Russian Orthodox church, picked up special jury prize in the world documentary category.


Co-director Mike Lerner said the three members of the band had “started a feminist revolution that we hope will continue around the world.”


(Editing by Philip Barbara)


Movies News Headlines – Yahoo! News





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Persistent Systems Revenue Grows 14.7% and PAT Grows 35% Y-o-Y






PUNE, INDIA–(Marketwire – Jan 27, 2013) – Persistent Systems ( BOMBAY : PERSISTENT ) ( NSE : PERSISTENT ), the global leader in software product and technology services, today announced the Company’s audited financial results for the third quarter ended December 31, 2012, as approved by the Board of Directors.


“We continue to see growth in Product Engineering Services which grew steadily quarter on quarter, reaffirming that our core business continues to be strong,” said Dr. Anand Deshpande, Chairman and Managing Director, Persistent Systems. ”We have strengthened and expanded our partnership with Dassault Systèmes and with our most recent acquisition of NovaQuest, we are extending PLM business across new industry verticals. IP revenue continues to grow steadily and we see tremendous business opportunities across all our focus areas in cloud computing, collaboration, analytics and mobility.”






Key Highlights:


  • Revenue for nine months ended December 31, 2012 was US$ 175.71 Million, representing a Y-o-Y growth of 14.7%.

  • Profit after Tax (PAT) for nine months ended December 31, 2012 was  1,357.33 Million, representing a Y-o-Y growth of 35%.

  • IP-led business constitutes 17.1% of the revenue for nine months ended December 31, 2012.

  • Utilization improved Q-o-Q by 1.8% to 79.5%.

  • Acquired Novaquest, a Product Lifecycle Management (PLM) and Search Based technology solutions company thereby entering into a strategic partnership with Dassault Systèmes to sell and offer support, maintenance and deployment services as an authorized VAR for Dassault Systèmes’ in the United States.

  • Declared an interim dividend of  6 per share (Payout ratio 20.55%) for the Financial Year
     2012-13, as against a total dividend of  6 per share (Payout ratio 19.67%) for the Financial Year 2011-12.

Other Highlights:


  • Appointed Dr. Sridhar Jagannathan as the Chief Innovation Officer responsible for driving innovation in products, solutions and services.

  • Delivered an innovative acceleration process enabling Voltage Security®, to provide solution upgrades and security alerts to their customers in record time.

  • Unveiled “The Modern Enterprise App Development Lifecycle” a new enterprise application at the E2 Innovate 2012 Conference.

  • Expanded presence in Australia by establishing an office in Sydney.

Awards and Recognitions:


  • Won the Tata Institute of Social Sciences LeapVault CLO Award for Best Corporate University in the ”Emerging” category for Persistent Systems’ Learning & Development Practices.

  • Won the Indian Human Capital Awards 2012 – Best CSR Strategy.

  • Won the Institute of Chartered Accountants of India (ICAI), silver shield Award for Excellence in Financial Reporting.

  • Ranked 3rd in India and 8th Globally on the Corporate Governance Practices for 2012 by
    IR Global Rankings (IRGR).

  • Won the Asset – Gold Award for Corporate Governance, Social Responsibility and Investor Relations 2012.

  • Won the Legal Counsel India Awards 2013 for Best Use of Technology and Innovation by a Legal Department.

About Persistent Systems:


Established in 1990, Persistent Systems ( BOMBAY : PERSISTENT ) ( NSE : PERSISTENT ) is a global company specializing in software product and technology services. For more than two decades, Persistent has been an innovation partner for the world’s largest technology brands, leading enterprises and pioneering start-ups. With a global team of more than 6,000 employees, Persistent has 300 customers spread across North America, Europe, and Asia. Today, Persistent focuses on developing best-in-class solutions in four key next-generation technology areas: Cloud Computing, Mobility, Analytics and Collaboration, for telecommunications, life sciences, consumer packaged goods, banking & financial services and healthcare verticals. For more information, please visit: http://www.persistentsys.com.


Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit:
www.persistentsys.com/Portals/0/forward_looking_cautionary_statement.shtml.


Marketwire News Archive – Yahoo! Finance





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Wall Street Week Ahead: Bears hibernate as stocks near record highs

NEW YORK (Reuters) - Stocks have been on a tear in January, moving major indexes within striking distance of all-time highs. The bearish case is a difficult one to make right now.


Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again.


The Standard & Poor's 500 Index <.spx> has gained 5.4 percent this year and closed above 1,500 - climbing to the spot where Wall Street strategists expected it to be by mid-year. The Dow Jones industrial average <.dji> is 2.2 percent away from all-time highs reached in October 2007. The Dow ended Friday's session at 13,895.98, its highest close since October 31, 2007.


The S&P has risen for four straight weeks and eight consecutive sessions, the longest streak of days since 2004. On Friday, the benchmark S&P 500 ended at 1,502.96 - its first close above 1,500 in more than five years.


"Once we break above a resistance level at 1,510, we dramatically increase the probability that we break the highs of 2007," said Walter Zimmermann, technical analyst at United-ICAP, in Jersey City, New Jersey. "That may be the start of a rise that could take equities near 1,800 within the next few years."


The most recent Reuters poll of Wall Street strategists estimated the benchmark index would rise to 1,550 by year-end, a target that is 3.1 percent away from current levels. That would put the S&P 500 a stone's throw from the index's all-time intraday high of 1,576.09 reached on October 11, 2007.


The new year has brought a sharp increase in flows into U.S. equity mutual funds, and that has helped stocks rack up four straight weeks of gains, with strength in big- and small-caps alike.


That's not to say there aren't concerns. Economic growth has been steady, but not as strong as many had hoped. The household unemployment rate remains high at 7.8 percent. And more than 75 percent of the stocks in the S&P 500 are above their 26-week highs, suggesting the buying has come too far, too fast.


MUTUAL FUND INVESTORS COME BACK


All 10 S&P 500 industry sectors are higher in 2013, in part because of new money flowing into equity funds. Investors in U.S.-based funds committed $3.66 billion to stock mutual funds in the latest week, the third straight week of big gains for the funds, data from Thomson Reuters' Lipper service showed on Thursday.


Energy shares <.5sp10> lead the way with a gain of 6.6 percent, followed by industrials <.5sp20>, up 6.3 percent. Telecom <.5sp50>, a defensive play that underperforms in periods of growth, is the weakest sector - up 0.1 percent for the year.


More than 350 stocks hit new highs on Friday alone on the New York Stock Exchange. The Dow Jones Transportation Average <.djt> recently climbed to an all-time high, with stocks in this sector and other economic bellwethers posting strong gains almost daily.


"If you peel back the onion a little bit, you start to look at companies like Precision Castparts , Honeywell , 3M Co and Illinois Tool Works - these are big, broad-based industrial companies in the U.S. and they are all hitting new highs, and doing very well. That is the real story," said Mike Binger, portfolio manager at Gradient Investments, in Shoreview, Minnesota.


The gains have run across asset sizes as well. The S&P small-cap index <.spcy> has jumped 6.7 percent and the S&P mid-cap index <.mid> has shot up 7.5 percent so far this year.


Exchange-traded funds have seen year-to-date inflows of $15.6 billion, with fairly even flows across the small-, mid- and large-cap categories, according to Nicholas Colas, chief market strategist at the ConvergEx Group, in New York.


"Investors aren't really differentiating among asset sizes. They just want broad equity exposure," Colas said.


The market has shown resilience to weak news. On Thursday, the S&P 500 held steady despite a 12 percent slide in shares of Apple after the iPhone and iPad maker's results. The tech giant is heavily weighted in both the S&P 500 and Nasdaq 100 <.ndx> and in the past, its drop has suffocated stocks' broader gains.


JOBS DATA MAY TEST THE RALLY


In the last few days, the ratio of stocks hitting new highs versus those hitting new lows on a daily basis has started to diminish - a potential sign that the rally is narrowing to fewer names - and could be running out of gas.


Investors have also cited sentiment surveys that indicate high levels of bullishness among newsletter writers, a contrarian indicator, and momentum indicators are starting to also suggest the rally has perhaps come too far.


The market's resilience could be tested next week with Friday's release of the January non-farm payrolls report. About 155,000 jobs are seen being added in the month and the unemployment rate is expected to hold steady at 7.8 percent.


"Staying over 1,500 sends up a flag of profit taking," said Jerry Harris, president of asset management at Sterne Agee, in Birmingham, Alabama. "Since recent jobless claims have made us optimistic on payrolls, if that doesn't come through, it will be a real risk to the rally."


A number of marquee names will report earnings next week, including bellwether companies such as Caterpillar Inc , Amazon.com Inc , Ford Motor Co and Pfizer Inc .


On a historic basis, valuations remain relatively low - the S&P 500's current price-to-earnings ratio sits at 15.66, which is just a tad above the historic level of 15.


Worries about the U.S. stock market's recent strength do not mean the market is in a bubble. Investors clearly don't feel that way at the moment.


"We're seeing more interest in equities overall, and a lot of flows from bonds into stocks," said Paul Zemsky, who helps oversee $445 billion as the New York-based head of asset allocation at ING Investment Management. "We've been increasing our exposure to risky assets."


For the week, the Dow climbed 1.8 percent, the S&P 500 rose 1.1 percent and the Nasdaq advanced 0.5 percent.


(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan Paschal)



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Djokovic beats Murray for 3rd straight Aust. Title


MELBOURNE, Australia (AP) — Novak Djokovic became the first man in the Open era to win three consecutive Australian titles when he beat Andy Murray 6-7 (2), 7-6 (3), 6-3, 6-2 in Sunday's final.


Little wonder he loves Rod Laver Arena.


"It's definitely my favorite Grand Slam," he said. "It's an incredible feeling winning this trophy once more. I love this court."


Djokovic has won four of his six major titles at Melbourne Park, where he is now unbeaten in 21 matches.


Nine other men had won back-to-back titles in Australia over 45 years, but none were able to claim three in a row.


Only two other men, American Jack Crawford (1931-33) and Australian Roy Emerson (1963-67), have won three or more consecutive Australian championships.


Born a week apart in May 1987 and friends since their junior playing days, Djokovic and Murray played like they knew each other's game very well in a rematch of last year's U.S. Open final. There were no service breaks until the eighth game of the third set, when Djokovic finally broke through and then held at love to lead by two sets to one.


Djokovic earned two more service breaks in the fourth set, including one to take a 4-1 lead when U.S. Open champion Murray double-faulted on break point.


"It's been an incredible match as we could have expected," Djokovic said. "When we play each other, it's always, we push each other to the limit and I think those two sets went over two hours, 15 minutes, physically I was just trying to hang in there. Play my game and focus on every point."


The 25-year-old Serb didn't rip his shirt off this time, as he did to celebrate his epic 5-hour, 53-minute win over Rafael Nadal in last year's final. He just did a little dance, looked up to the sky and then applauded the crowd after the 3-hour, 40-minute match.


Murray's win over Djokovic in the U.S. Open final last year ended a 76-year drought for British men at the majors, but he still is yet to make a breakthrough in Australia after losing a third final here in the last four years.


Djokovic's win went against the odds of recent finals at Melbourne Park. In four of the past five years, the player who won the second of the semifinals has finished on top in the championship match. But this year, Djokovic played his semifinal on Thursday — an easy 89-minute minute win over No. 4-seeded David Ferrer. Murray needed five energy sapping sets to beat 17-time major winner Roger Federer on Friday night.


"You don't wake up the next day and feel perfect, obviously," Murray said of the Federer match. "It's the longest match I played in six months probably. It obviously wasn't an issue today. I started the match well. I thought I moved pretty good throughout."


The win consolidated Djokovic's position as the No. 1-ranked player in the world, while Federer and Murray will be second and third when the ATP rankings are released Monday.


Their last two matches in Grand Slams — Murray's five-set win at last year's U.S. Open and Djokovic's victory here last year in five in the semifinals — had a total of 35 service breaks.


It was a vastly different, more tactical battle on Sunday, with the first two tight sets decided in tiebreakers.


"All our matches in last three years have been decided in a very few points, so it's really hard to say if I've done anything different," Djokovic said. "I tried to be more aggressive. So I went for my shots, especially in the third and fourth; came to the net quite often. I was quite successful in that percentage, so it worked well for me."


Murray, who called for a trainer to retape blisters on his right foot at the end of the second set, was visibly annoyed by noise from the crowd during his service games in the third set, stopping his service motion twice until the crowd quieted down. After dropping the third set, he complained about the noise to chair umpire John Blom.


"It's just a bit sore when you're running around," Murray said. "It's not like pulling a calf muscle or something. It just hurts when you run."


Djokovic came from 0-40 down in the second game of the second set to hold his serve, a situation he called "definitely one of the turning points."


"He missed an easy backhand and I think mentally I just relaxed after that," Djokovic said. "I just felt I'm starting to get into the rhythm that I wanted to. I was little more aggressive and started to dictate the play."


Although Djokovic went into the match with a 10-7 lead in head-to-heads, Murray had beaten Djokovic five out of eight times in tiebreakers, and that improved to six of nine after four unforced errors by Djokovic to end the first set.


Djokovic pegged back that edge in the second set, when Murray also didn't help his cause by double-faulting to give Djokovic a 3-2 lead, and the Serbian player didn't trail again in the tiebreaker.


On the double-fault, Murray had to stop as he was about to serve to pick up up a feather that had fallen on the court.


"I could have served, it just caught my eye before I served ... I thought it was a good idea to move it," he said.


"Maybe it wasn't because I obviously double faulted. At this level it can come down to just a few points here or there. My probably biggest chance was at the beginning of the second set; (I) didn't quite get it. When Novak had his chance at the end of the third, he got his."


Djokovic will have little time to savor the win — he's playing Davis Cup for Serbia next weekend against Belgium.


"It's going to be a lot of fun ... to see how I can adjust to clay court in indoor conditions, playing away Davis Cup, which is always tricky," he said.


Andre Agassi was among those in the capacity crowd — the four-time Australian champion's first trip Down Under in nearly 10 years — and he later presented the trophy to Djokovic.


Victoria Azarenka, who won Saturday's women's singles final over Li Na, was also there with her boyfriend rapper Redfoo. Actor Kevin Spacey met in the dressing room with both players ahead of the match and later tweeted a photo of himself with them.


In the earlier mixed doubles final Sunday, wild-card entrants Jarmila Gajdosova and Matthew Ebden of Australia beat the Czech pair of Lucie Hradecka and Frantisek Cermak 6-3, 7-5.


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