787 worst-case scenario: $5B writeoff by Boeing









As government regulators investigate Boeing's 787 Dreamliner and company engineers seek solutions, investors and analysts are grappling with the question: How much will the plane's grounding cost?

The answer depends on what probes in the United States and Japan uncover, with scenarios ranging from a quick resolution if a few defective parts have to be swapped out to a drawn-out inquiry that requires a fundamental redesign. The worst case scenario: The Dreamliner's problems run so deep that Chief Executive Jim McNerney has to write off about $5 billion in anticipated revenue, said Howard Rubel, a Jefferies & Co. analyst who puts the odds of that at about 4 percent.

The costs are likely to be much less, in the hundreds of millions of dollars, say investors and analysts, including New York-based Rubel. That would let Boeing, which reports 2012 earnings Jan. 30, reap the rewards of what he estimates was a $25 billion investment in the plane, clearing the way for a profit surge and more money for investors.

"As far as dividend growth, cash flow and share buybacks, I think that's still intact," said Gary Bradshaw, a fund manager at Hodges Capital Management in Dallas, who added to his Boeing stake after a fire broke out on a Dreamliner Jan. 7.

U.S. investigators are still searching for what caused the fire in the lithium-ion batteries on a Japan Airlines Co. 787 in Boston that day and a fault that forced an All Nippon Airways Co. plane to make an emergency landing in Japan Jan. 16. The jet debuted commercially in 2011, and 50 have been delivered so far.

The grounding will most likely cost Boeing $550 million, Rubel wrote in a report with a range of potential expenses, from $125 million to reimburse carriers that lease replacement jets to the $5 billion writeoff. Doug Harned, a Sanford C. Bernstein & Co. analyst in New York, estimated Boeing's expense at less than $350 million.

With probes under way by the Federal Aviation Administration and the National Transportation Safety Board, McNerney will face questions on this week's earnings call that he won't be able to answer. Chicago-based Boeing is due to give its 2013 financial forecast and delivery plans.

"We are working this issue tirelessly," Chaz Bickers, a spokesman, said of the 787. "At the same time, we are keeping our other teams keenly focused on their own program performance and customer commitments."

Earnings per share may rise more than 50 percent, to $7.69 by 2015 from $5 in 2012, the average estimate of four analysts surveyed by Bloomberg. Analysts project that Boeing garnered $81.7 billion in sales last year, which may grow to $87.9 billion in 2013.

The planemaker has said it plans to double 787 output to 10 a month this year as it pares a backlog of about 800 unfilled orders. That's one piece of the company's 60 percent production boost in the four years through 2014 to meet demand from airlines for more fuel-efficient planes.

"You look out a couple of years and they could be earning $8 a share, and then you really have a cheap stock," said Bradshaw, at Hodges Capital Management.

Bernstein's Harned estimated that Boeing had set a 787 delivery target of 93 jets for 2013. The planemaker gets a big chunk of the price before delivery, so even if 20 jets push into 2014, only about $1 billion in cash flow would be delayed, and that would be quickly made up, Harned said in a Jan. 22 note.

The shares haven't fallen further in part because investors are used to Dreamliner woes after seven delays pushed back its entry into service by more than three years, according to Carter Leake, a BB&T Capital Markets analyst in Richmond, Va.

In a worst-case scenario, the model may be grounded more than three months, which could force a production slowdown, said Leake, a former pilot who also worked for Canadian planemaker Bombardier Inc. While Boeing continues to assemble 787s, the grounding has halted deliveries, because buyers couldn't fly away in their new planes.

"The market is in a period of disbelief that it could be anything other than a quick fix, despite the fact that we're in an open investigation," Leake said.

Boeing felt the weight of investors' 787 dismay before the grounding. Through last week, the shares had slumped 26 percent since the day before the planemaker disclosed the first Dreamliner delay, in October 2007.

Any reworking of the Dreamliner would come alongside the development this year of the 787-9, a stretched version of the plane, and the upgraded 737 Max, which is scheduled to enter airline fleets in 2017. The planemaker is also working to develop a 787-10 variant and a revamp of the 777.

Concurrent projects have proved a risk in the past, with the Dreamliner's struggles spilling onto the 747-8 jumbo jet program. Its 2011 debut came two years late after Boeing shifted engineers to help on the 787.

The Dreamliner has long been pivotal to Boeing's product strategy. With the plane's promise of a 20 percent gain in fuel economy over comparable wide-bodies, Boeing markets the 787 as a way for airlines to fly long-haul routes without larger 777s or 747 jumbo jets. The 787-8, the only model in service, seats as many as 250 people and lists for about $207 million, though buyers typically get a discount.

The Dreamliner's early setbacks echo the "teething" pains common to new jet models, said Gary Flam, a partner at Bel Air Investment Advisors in Los Angeles, whose holdings include Boeing.

"The market in general is telling you there's some caution, but not tremendous concern yet," Flam said. "I've actually been surprised how well the stock has acted given the news."

In the 1990s, Boeing's 777 encountered delays in getting FAA approval for its engines, and some planes were pulled from trans-Atlantic flights because of power-plant issues.

Among additional early glitches was the delay of the 747's first commercial flight, two decades previously, also for engine troubles. Later, the planemaker had to redesign a rudder-control part on the 737 and replace it on all the jets.

"Boeing has a very strong record of being able to surmount these issues," said Peter Jankovskis, who helps manage $3 billion of assets including Boeing stock as chief investment officer for Oakbrook Investments LLC in Lisle, Illinois. "We remain confident in Boeing and their management and technical teams' ability to solve these issues."

Shareholders hoping for clues about the progress of that effort didn't get much when the NTSB gave a briefing last week on its "methodical" inquiry. The agency said yesterday that investigators found no evidence of flaws in the battery charger that would have caused the Boston fire. No problems were found in the auxiliary power unit, which contains the battery, either, the NTSB said.

Investors' support for Boeing and the 787 remains tied to the idea that the faults are in the lithium-ion battery packs, not a fundamental defect in the planemaker's most technologically advanced jet ever, according to Leake, the BB&T analyst.

"If, as this unfolds, it's anything more than a defective battery, then that confidence will start to wane," he said.



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Blackhawks top Wings in OT to remain unbeaten

Blackhawks won 2-1 on overtime to improve their record to 6-0-0.









Nine days, six victories.


The Blackhawks' start to the season hasn't just been supernova hot, it has been historic.


With 12.5 percent of the 48-game NHL campaign now completed, the Hawks remain undefeated following a 2-1 overtime victory over the Red Wings on Sunday night at the United Center. The 6-0-0 start is the best by a Hawks team in franchise history, eclipsing the five-win start by the 1971-72 squad.








Nick Leddy scored the winner and Corey Crawford earned the win in goal while playing his second contest in as many nights. Duncan Keith also scored for the Hawks, who have the most points in the league with 12 as they get set to embark on a six-game road trip.


"That was a solid game, a tight-checking game against these guys," said Crawford, who made 29 saves to improve to 5-0-0 with a 1.78 goals-against average and .933 save percentage. "They're a team that just doesn't quit — they play the same way all game."


Johan Franzen scored for the Wings (2-3-0) while Jimmy Howard was the tough-luck loser despite making 25 saves.


The Hawks' penalty killing continued its stellar play, holding the Wings scoreless in six consecutive opportunities, including 43 seconds of five-on-three play during a second period when the Hawks were short-handed for much of the time. Leading the way were Michael Frolik and Marcus Kruger, who helped limit the Wings to five shots on goal in 11 minutes, 17 seconds of having a man advantage.


"In the second period, almost the whole period we played on the PK," Frolik said. "It was big, especially the five-on-three. That was great play by guys and Crawford making big saves."


In 23 times short-handed this season, the Hawks have yielded one goal.


"Whether it was the forwards, the 'D' blocking shots or the key saves by Crawford, it was a group effort — spectacular kills," coach Joel Quenneville said. "To me it was the key to the game."


Keith got the United Center crowd of 21,607 on its feet early in the opening period when he sent a rocket from the left dot over the shoulder of Howard with the Hawks on a power play of their own. Detroit got the equalizer early in the third when Franzen pounced on rebound and beat Crawford through the goalie's pads.


That set up the game-winner for Leddy, whose shot from the left circle deflected off the stick of Wings forward Damien Brunner and sailed past Howard.


"I joined the rush and it was a three-on-two and (Viktor) Stalberg went wide, cut across the middle and gave the puck to me," Leddy said. "I just tried to put it far side because the goalie was coming over to my side and it found the back of the net."


It all equaled a start to a season never achieved by a Hawks team.


"That's definitely one of a kind," Leddy said.


ckuc@tribune.com


Twitter @ChrisKuc





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Vine Has a Porn Problem Because Of Course It Does






It’s actually pretty surprising that it took everyone three days to figure out that Twitter’s new cell phone camera-powered video sharing app, Vine, is perfect for porn. Vine has it all. It can record reasonably high quality videos of anything you want, on-the-go, and post it publicly for all the Internet to see. You add hashtags so that people can easily find special interest content. There’s even a little comments section so that you can share your thoughts about the distinctively addictive six-second loops. Heck, we’d be surprised if people didn’t immediately start to post pictures of their genitals doing what genitals do. They probably did, actually. Everyone else was just too busy watching pictures of their friends pets and children to notice.


RELATED: The Chinese Want to Know Why Their News Is on Twitter and They Aren’t






But alas, by Sunday everyone had noticed. Although it had already been mentioned on smaller tech blogs, the Vine porn problem started to become widely known after New York Times reporter Nick Bilton tweeted, “Friend: ‘So are people using Vine for porn yet?’ Me: “‘Nah, I don’t think so.’ Friend: ‘Check the hashtag #porn.” Both: “Holy ****!’” And the thing is, he’s totally right. TechCrunch published a post on the NSFW trick — #NSFW works for porn seekers, too, by the way — broaching the topic of Apple‘s App Store coming down hard on the adult-only content. It’s against the rules, see, and Apple has a history of yanking apps that become magnets for all things naughty. The Verge followed up a few minutes later with the headline, “Apple has a porn problem, and it’s about the get worse.”


RELATED: How Not to Get Censored on Twitter


This got us thinking: These App Store restrictions on pornographic content have been around as long as the App Store. Surely in the past five or so years, the moderators know a porn magnet when they see one. Vine is hardly the first video-sharing app to make it through the approval process, not to mention the many photo-sharing apps. (And Apple’s certainly not afraid of enforcing those rules, as we learned when it yanked the 500px app after it started to become home to “pornographic images and material.”) It’s no anomaly that Vine made through, though. As virtually every new video- or photo-sharing service has shown us since the dawn of the Internet, from Flickr to ChatRoulette, it’s very difficult to keep these sites or apps G-rated. So the companies either learn how to police it well, like Flickr does, or they wither and die, as ChatRoulette did.


RELATED: Twitter’s New Hashtag Project Sounds Risky


So it’s hard to believe that the App Store didn’t consider the fact that people might upload pictures of their penises to Vine. It’s more likely that they did and decided to see how Twitter would deal with it, when it became a problem. After all, Vine is not going to be the last video-sharing app to be built and it certainly won’t be the last porn-friendly app to be built either. So Twitter gets to play guinea pig and navigate the tricky terrain of moderating user-generated content in real time. It’s a good thing they already have a boatload of experience doing that on Twitter! See, look how fast they came up with a solution. A company statement reads:


RELATED: The Good, the Bad, and the Fuzzy of Twitter’s New Censorship Rules



Users can report videos as inappropriate within the product if they believe the content to be sensitive or inappropriate (e.g. nudity, violence, or medical procedures). Videos that have been reported as inappropriate have a warning message that a viewer must click through before viewing the video.


Uploaded videos that are reported and determined to violate our guidelines will be removed from the site, and the user that posted the video may be terminated.



Twitter being Twitter — that is, big proponents of the free flow of information — they stop short of defining “inappropriate” in Vine’s terms and conditions. Unlike Twitter, which has been free to operate on the whole of the Internet, however, Vine lives in Apple’s house now. If Twitter’s hands off policy doesn’t do enough to keep smut off the iPhone, Apple will surely pull the plug, and then, well — then we’ll be back to where we were last week.


Wireless News Headlines – Yahoo! News





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‘Argo,’ Lawrence, Day-Lewis win at SAG






LOS ANGELES (AP) — The CIA thriller “Argo” continues to steamroll through awards season, winning the top honor for overall cast performance at the Screen Actors Guild Awards.


SAG’s lead-acting honors Sunday went to Jennifer Lawrence won for her role as a troubled widow in a shaky new relationship in the lost-souls romance “Silver Linings Playbook” and Daniel Day-Lewis as Abraham Lincoln in the Civil War epic “Lincoln.”






The supporting film awards Sunday went to Anne Hathaway of “Les Miserables” and Tommy Lee Jones of “Lincoln.”


“It occurred to me — it was an actor that murdered Abraham Lincoln,” said Day-Lewis, a solid front-runner to join an exclusive list of three-time acting Oscar winners. “And therefore, somehow it is only so fitting that every now and then an actor tries to bring him back to life again.”


The SAG cast win came a day after “Argo” claimed the top honor from the Producers Guild of America, whose winner often goes on to claim best picture at the Academy Awards. “Argo” also was a surprise victor two weeks ago at the Golden Globes, where it won best drama and director for Ben Affleck.


The award momentum positions “Argo” for a rare feat at the Feb. 24 Oscars, where it could become just the fourth film in 85 years to be named best picture without a nomination for its director.


“To me this has nothing to do with me, it has to do with the incredible people who were in this movie,” said Affleck, who also stars in “Argo” and accepted the SAG prize alongside his cast.


It was a brisk, businesslike and fairly bland evening as the actors union handed out honors to a predictable lineup of winners who generally had triumphed at earlier Hollywood ceremonies or past SAG shows.


“Now I have this naked statue that means some of you even voted for me, and that is an indescribable feeling,” ”Silver Linings” star Lawrence said after explaining she earned her SAG card at age 14 by filming a spot for MTV.


Hathaway won for her role as a doomed single mother forced into prostitution in the adaptation of the stage musical based on Victor Hugo’s epic novel. Her win came over four past Oscar recipients — Sally Field, Helen Hunt, Nicole Kidman and Maggie Smith.


“I’m just thrilled I have dental,” Hathaway said. “I got my SAG card when I was 14. It felt like the beginning of the world. I have loved every single minute of my life as an actor. … Thank you for nominating me alongside incredible women and incredible performances.”


Jones, who was not at the show, won for his turn as abolitionist firebrand Thaddeus Stevens in the Civil War epic. The win improves his odds to become a two-time Academy Award winner. He previously won a supporting-actor Oscar for “The Fugitive.”


On the television side, with “30 Rock” ending its run, its stars Tina Fey and Alec Baldwin won the SAG awards for best comedy performers. It was Baldwin’s seventh-straight win, while Fey earned her fifth SAG prize.


“Oh, my God. It’s ridiculous,” Baldwin said. “It’s the end of our show, which is sad. Everybody is sad about that. It was the greatest experience I’ve ever had.”


Fey gave a plug for the show’s finale airing Thursday, noting that it’s up against “The Big Bang Theory.”


“Just tape ‘The Big Bang Theory’ for once, for crying out loud,” Fey said.


“Modern Family” won for best overall cast in a TV comedy show. Accepting for the cast, “Modern Family” co-star Jesse Tyler Ferguson offered thanks to the makers of “30 Rock” and another departing series, “The Office,” saying “you all have set the comedy bar so high.”


Ferguson joked that if the “30 Rock” or “The Office” stars need jobs, they should contact the “Modern Family” casting director.


The TV drama acting awards went to Claire Danes of “Homeland” and Bryan Cranston of “Breaking Bad.”


“It is so good to be bad,” Cranston said.


“Downton Abbey” won the TV drama cast award.


Julianne Moore’s turn as Sarah Palin in “Game Change” earned her the TV prize for best actress in a movie or miniseries. Kevin Costner won for best actor in a movie or miniseries for “Hatfields & McCoys.”


Fey, who memorably spoofed Palin herself in “Saturday Night Live” sketches, said backstage that Moore’s performance was “incredible. She really disappeared into the character, she did a real film acting job. You wouldn’t want a sketch acting job in that movie.”


Earlier, the James Bond adventure “Skyfall” and the fantasy series “Game of Thrones” picked up prizes for best stunt work, honors announced on the red carpet before the official SAG Awards ceremony.


JoBeth Williams and Scott Bakula announced the winners, noting the value of stunt players, who often are overlooked for their contributions to film and television.


“The stunt men and women of our union are critical to the work that gets done,” Bakula said. “They keep us healthy, they keep us alive, they keep us working. They keep our shows working.”


The SAG honors are the latest show in a puzzling Academy Awards season in which Hollywood’s top prize, the best-picture Oscar, looks up for grabs among several key nominees.


Honors from the actors union, next weekend’s Directors Guild of America Awards and Saturday night’s Producers Guild of America Awards — whose top honor went to “Argo” — typically help to establish clear favorites for the Oscars.


But Oscar night looks more uncertain this time after some top directing prospects, including Affleck for “Argo” and Kathryn Bigelow for “Zero Dark Thirty,” missed out on nominations. Both films were nominated for best picture, but a movie rarely wins the top Oscar if its director is not also in the running.


Steven Spielberg’s “Lincoln” would seem the Oscar favorite with 12 nominations. Yet all of the triumphs for “Argo” leave the Oscar race looking like anybody’s guess.


The SAG honors at least should help to establish solid front-runners for the stars. All four of the guild’s individual acting winners often go on to receive the same prizes at the Academy Awards.


The SAG cast prize has a spotty record at predicting the eventual best-picture recipient at the Oscars. Only eight of 17 times since the guild added the category has the cast winner gone on to take the best-picture Oscar. “The Help” won the guild’s cast prize last year, while Oscar voters named “The Artist” as best picture.


Such past guild cast winners as “The Birdcage,” ”Gosford Park” and “Inglourious Basterds” also failed to take the top Oscar.


Receiving the guild’s life-achievement award was Dick Van Dyke, who presented the same prize last year to his “The Dick Van Dyke Show” co-star, Mary Tyler Moore.


After waiting on stage for a prolonged standing ovation to end, Van Dyke said, “That does an old man a lot of good.”


___


Associated Press writers Beth Harris, Christy Lemire and Anthony McCartney contributed to this report.


Entertainment News Headlines – Yahoo! News





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Dave Purchase, Who Led Needle-Exchange Movement, Dies at 73





Dave Purchase, a bearded biker who 24 years ago began handing out sterile syringes to prevent AIDS among drug addicts on the streets of Tacoma, Wash., and went on to become a national leader of the needle-exchange movement, died on Jan. 21 in Tacoma. He was 73.




The cause was complications of pneumonia, said his son, Dylan.


With a borrowed television tray and a folding chair that he set up on a downtown street steps away from a heroin den, Mr. Purchase began handing out syringes, bottles of bleach, cotton swabs and condoms in the summer of 1988. Within five months he had exchanged 13,000 clean needles (most of them bought at his own expense) for dirty ones — and was gaining wide attention from the news media.


“How does this work?” a toothless addict asked him, The New York Times reported in January 1989.


“You give me an old one, I give you a sterile one, and it keeps your butt alive,” Mr. Purchase responded.


Mr. Purchase would trade as many as 10 needles at a time, while also handing out cookies and mittens.


By 1993 he had founded both the Point Defiance AIDS Project, with support from the Tacoma-Pierce County Health Department, and the North American Syringe Exchange Network. The network, which buys syringes wholesale and sells them at cost to programs across the country, now distributes more than 15 million syringes annually.


Articles over the years have cited Mr. Purchase’s 1988 street-corner operation as the first exchange in the nation. Ethan Nadelmann, the executive director of the Drug Policy Alliance, which promotes alternatives to harsh legal treatment of drug users, could not confirm that.


“Whether or not he was literally the first to hand out syringes to stop AIDS, he was undoubtedly the godfather of needle exchange in America,” Mr. Nadelmann said in an interview. “He was a mentor and adviser to activists and public health workers around the world.”


In the early days of the AIDS epidemic, when many critics argued that needle exchanges encouraged drug use, Mr. Purchase “was able to get political acceptance in Tacoma and obtain public funding,” said Don Des Jarlais, the director of research for the Chemical Dependency Institute at Beth Israel Medical Center in Manhattan.


When Mr. Purchase set up shop, he was without official government sanction or financial backing and, he said, was prepared to go to jail for 90 days for the misdemeanor offense of possessing drug paraphernalia. But he soon received support from the Tacoma police chief, Ray Fjetland, who suspended enforcement of the syringe law.


Mr. Purchase also worked closely with the county health department. The program became something of a model.


By 2011, according to a survey by Dr. Des Jarlais, there were 197 known needle-exchange programs in 36 states, the District of Columbia and Puerto Rico. That year, those exchanges distributed more than 36 million syringes.


“Given that over the course of the epidemic there have been several million people who injected drugs,” Dr. Des Jarlais said, “the efforts of Dave and people like him have literally saved hundreds of thousands of lives.”


In a way, David Joe Purchase found his calling on a Harley-Davidson. Born in Tacoma on Aug. 29, 1939, to Kenneth and Bernice Purchase, he was something of a rebel as a youngster. He worked at several jobs after dropping out of college.


“My dad was a biker, with the big beard, the black leather jacket,” Mr. Purchase’s son said. “Because of that look, he started assisting a friend who was a drug counselor who would send him around town when clients went missing — into bars, down an alley.”


Mr. Purchase was nearly killed in 1983 when a drunken driver crashed into his motorcycle. After a long rehabilitation, he returned to work as a drug counselor and soon realized that many of his clients were dying of AIDS. He used $3,000 from a settlement from the accident to buy syringes and set up his table.


Mr. Purchase’s marriages, to Sally Riewald and Sue Powers, ended in divorce. Beside his son, he is survived by a daughter from his first marriage, Rebecca Ford; two stepsons, Blake Barry and Kelly Powers; a stepdaughter, Krista Townsend; a sister, Karen Robinson; and three step-grandchildren.


In 2006, Mr. Purchase told The News Tribune in Tacoma that he would never consider giving up his work.


“I’d have to live with that,” he said. “This is life and death. There were unnecessary deaths, unnecessary and preventable deaths.”


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2012 stock report: Pains and gains









If you invested heavily in Illinois companies that provide consulting services, you had little reason to celebrate in 2012.

While the Standard & Poor's 500 index ended the year up 13 percent, most large businesses in the region that counsel other companies on how to improve their operations saw their stock prices drop.

Business support services was one of the few sectors getting clobbered in a 2012 Tribune ranking of Illinois and northwest Indiana stocks' performance.

Stock prices gained at about 70 percent of the 127 companies on the list, and about half outperformed the S&P 500. Bank owners such as Taylor Capital Group emerged from their 2011 doldrums, and Ulta Salon Cosmetics & Fragrance Inc. and Discover Financial Services marked their second consecutive year of soaring stock prices.

The year's biggest decliner, down 76 percent, was Groupon, as once-torrid revenue growth at the daily deals offerer started slowing.

Career Education was the second-worst performer; its stock fell 56 percent. The highly scrutinized for-profit school chain said it would close campuses and cut jobs amid sinking revenue and financial losses.

Sectors boosted by broad gains in 2012 included electrical parts and equipment, industrial machinery, and specialty chemicals.

Of seven Illinois banks on the list, all but one outperformed the S&P 500, with price appreciation of those six ranging from 16 to 86 percent.

In contrast, stocks of four of five professional services firms — Navigant Consulting, Huron Consulting Group, Heidrick & Struggles International and R.R. Donnelley & Sons — closed down 2 to 38 percent.

Each had its own set of issues.

Navigant's services, for example, include advising companies that face disputes, litigation and investigations, including government probes, as well as businesses that need help valuing potential mergers and acquisitions.

"You see fewer government investigations during an election year, as regulators are leaving their jobs, and they don't want to start new ones," said Tobey Sommer, a SunTrust Robinson Humphrey analyst. "Also, worries about the 'fiscal cliff' slowed M&A because CEOs didn't want to look foolish acquiring a company in September ahead of the fiscal cliff when they might have been able to buy it for 20 percent less in January had we gone off."

Meanwhile, Heidrick's troubles included a slowing market for executive searches. In early 2012, analysts expected Heidrick's annual earnings to be in the range of about $1.30 per share. It appears that it will earn closer to 57 cents a share.

Huron's earnings estimates during 2012 were also trimmed, to about $2.10 from about $2.40 a share as the timing of fee payments to its health care consulting business proved volatile.

"Its underlying demand is strong," but an increasing number of clients had signed contracts where a larger portion of revenue was contingent on the outcome of Huron's consulting work, said Randle Reece, analyst with Avondale Partners LLC. That made it harder for the company and the analysts who cover it to predict the timing of revenues, since they are deferred.

For investors interested in "Dumpster diving," Morningstar Inc. considers Exelon, WMS Industries and Caterpillar to be high quality yet undervalued this year, said Heather Brilliant, chief equities strategist.

Navigant is among the region's beaten-down stocks liked by stock research firm EVA Dimensions LLC. "Its fundamentals are improving, and it's really cheap," said EVA analyst Andrew Zamfotis.

Best of the best

Here are the top three stock gainers of 2012:

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Family friend of shooting victim: 'We need to get guns off the street'

At the north end of the 1100 block of South Mozart Street in the Lawndale neighborhood, two people were shot. One also died there, police said. (Posted Jan. 26th, 2013)









A man slain on the West Side early this morning had two brothers and a sister who also were fatally gunned down in the city, according to a close family friend.


"He was the last one," said Laverne Smith, 30, who said his mother no longer has any children. "I know she's hurting."


Smith said it's unthinkable this could have happened again to the family.








"It's ridiculous," Smith said. "We need to get the guns off the street and build a good life for our babies. We need to really get together and stop fighting."


Smith heard loud gunfire about 2 a.m. and ran outside in the 1100 block of South Mozart Street to find her close friend Ronnie Chambers shot in the head. He died in her arms.


"All his siblings passed a long time ago," Smith said. "It was a hysterical thing."


Smith said she also knew Ronnie Chambers' sister, LaToya Chambers, and had grown up with them in the Cabrini Green neighborhood on the Near North Side. LaToya was a classmate of hers, about two years ahead, at the Edward Jenner school.


LaToya was killed at age 15 on April 26, 2000. Her brothers Carlos and Jerome also were gunshot victims, Carlos at age 18 shortly after Thanksgiving in 1995 and Jerome at age 23 on July 26, 2000.


Chambers' mother Shirley told the Tribune's Dawn Turner Trice in 2000 that "I have one child left, and I'm afraid that [the killing] won't stop until he's gone too."


According to that 2000 story, Ronnie has these tattoos on his forearms to remind him of his dead siblings: A crucifix with a ribbon draped across it commemorates Carlos; a tombstone with a crucifix and blood says R.I.P. for Jerome; and another tombstone with a cross is for LaToya.


"They say you can't outrun death, but I can try to dodge it," Ronnie said then. "I don't even try to live day by day anymore; it's more like second by second."


"He was my everything," Smith said of Ronnie's death. "I lost a part of me."


"Nothing that anyone can say can make me feel better," said Smith, who said Chambers was on the Ricki Lake show last month and was trying to help an aspiring rapper, YK.


On the Ricki Lake show, Chambers identified himself as former gang member who turned his life around and was trying to help others stay away from that kind of life.
 
Police said he’d been arrested 29 times, and has four felony convictions. Records show his most recent conviction was in 2005 for receiving, possessing  or selling a stolen motor vehicle. He was sentenced to 3 years in the Illinois Department of Corrections, records show.


Smith said Ronnie, whose nickname was "Scooby," had been "trying to change his life."


Ronnie Chambers had just returned from a promotion or listening party for YK when the shooting occurred.


Smith stood crying at one end of a vacant lot in the Lawndale neighborhood on the West Side early this morning while Chambers lay covered by a white sheet behind a maroon van at the other end.

Chambers, 33, of Chicago, had been in the driver's seat of the van, which had just arrived in the 1100 block of South Mozart Street when one person, probably two, opened fire, police said. Chambers was identified by family members at the scene and later by police. 


Smith wore a pink blood-stained shirt under a pink jacket, white pants dotted with drops of blood, and pink sandals. She paced the crime scene, at the north end of Mozart Drive where it ends at Fillmore Street, letting out occasional screams and leaning on her friend for support.

"I held him, they had to pry me from him," she said, crying. "He was breathing, gasping."


At least one other man, 21, was inside the van when the shooting started, police said. He had jumped from the front passenger seat to the back, quick thinking that police said probably saved his life. He was wounded in the thigh and taken to Mount Sinai Hospital. Police did not say how many people were inside the van. They also did not say exactly how many shooters there were, but did say seven shots were fired.


The shooting happened across the street from Safer Foundation North Lawndale, an Illinois Department of Corrections transitional facility for adults with criminal records, and half a block west of a fire station.





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Google reportedly ‘actively exploring’ the smartwatch market







In October, Google (GOOG) was granted a patent for a smartwatch with a flip-up display, however it was assumed that the concept, like most patents, would never move beyond the drawing board. A new report from Business Insider claims that the company is now “actively exploring” the idea of producing its own smartwatch and is even looking into ways it could market such a device. Information is slim and it is unclear what size the device would be or if it would even run the company’s Android operating system. Business Insider cautioned that the project is still in a “very early stage” and “it remains to be seen if Google will actually end up bringing a smart watch to market.” As the Pebble has shown, however, there is clearly a market for smartwatches.


[More from BGR: Unlocking your smartphone will be illegal starting next week]






This article was originally published on BGR.com


Wireless News Headlines – Yahoo! News





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Opera about Nazi atrocity shown in Austria






VIENNA (AP) — Thousands of children were murdered by the Nazis because they fell short of the Aryan ideal. On Friday, a hushed audience gathered in Austria’s Parliament to watch the world premiere of an opera depicting how the Nazis methodically killed mentally or physically deficient children at a Vienna hospital during World War II.


The killings were part of a greater campaign that led to the deaths of about 75,000 people — homosexuals, the handicapped, or others the Nazis called “unworthy lives” — and served as a prelude to the Holocaust.






Austrians played a huge role in these and other atrocities of the era — nearly 800 children were killed at Vienna’s Spiegelgrund psychiatric ward — and Friday’s premiere of the opera “Spiegelgrund” was the latest installment of a national effort to atone for such acts in word and deed.


The timing was picked to commemorate Holocaust Memorial Day, which will be observed worldwide Sunday, and the performance was streamed live on the Internet for international audiences. But the parliamentary venue was chosen for a particularly Austrian reason: as a reminder of how the country’s politicians fomented the atmosphere of intolerance and authoritarianism that allowed Hitler’s troops to walk in in 1938, and a determination to not let history repeat itself.


Composer Peter Androsch said his focus on the era was in part born of his own family’s history. His great grandfather died in a Nazi concentration camp. Androsch said the fact that that was hidden for generations “says a lot about conditions in totalitarian regimes and should serve as a reminder for me and many others.”


At the premiere — a hauntingly effective hour-long performance — legislators were joined in the audience by diplomats, Holocaust survivors, former Spiegelgrund patients and other invited guests in an ornate chamber lined with Ionic columns and used for special legislative sessions.


Spiegelgrund survivor Friedrich Zavel was in the audience. He was brought to the clinic in 1940 after being accused of homosexuality. Now 83, he still shudders when he speaks of his ordeals: humiliation, solitary confinement and torture.


The “Wrap Treatment” consisted of orderlies binding a child first in two sheets soaked in ice water, then two dry sheets, followed by waiting for days without food and drink until the body warmth dried the sheets. There also were beatings and injections that either made the child vomit or left him unable to walk for days.


Asked Friday how he felt about the wrongs done to him, Zavel said: “I know neither revenge nor hate.”


The opera itself was more of an oratory. Backlit in gloomy purple and red, and accompanied by strings, flute, percussion and a harpsichord, a trio slipped into each other’s roles in an allegorical depiction of how all are victims and perpetrators.


Thus a white-coated doctor embodying “The Law” switched from vocalizing about Sparta’s doctrine of letting weak newborns die to singing a child’s ditty before moving to the role of “Memory” — singing broken phrases that harken back to the horrific experiences of the victimized children. The two other singers shifted roles accordingly as a narrator dryly recited facts reflecting the atrocities committed.


“On some days, so many children were killed that the orderlies had to pile the little bodies on a wheelbarrow,” narrator Karl Sibelius intones in one sequence before reading a letter from a mother addressed to an institute doctor and pleading for the return of her son.


Bass Robert Holzer was “The Law,” and sopranos Katerina Beranova and Alexandra Diesterhoeft sang “Memory” and “Children’s Song” respectively. All were very solid.


Parliament President Barbara Prammer said the nation could no longer focus only on glorifying its past.


“We can’t choose our history,” she told The Associated Press.


___


AP video journalist Philipp Jenne contributed.


___


Online: www.sonostream.tv


Entertainment News Headlines – Yahoo! News





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Well: Ask Well: Squats for Aging Knees

You are already doing many things right, in terms of taking care of your aging knees. In particular, it sounds as if you are keeping your weight under control. Carrying extra pounds undoubtedly strains knees and contributes to pain and eventually arthritis.

You mention weight training, too, which is also valuable. Sturdy leg muscles, particularly those at the front and back of the thighs, stabilize the knee, says Joseph Hart, an assistant professor of kinesiology and certified athletic trainer at the University of Virginia, who often works with patients with knee pain.

An easy exercise to target those muscles is the squat. Although many of us have heard that squats harm knees, the exercise is actually “quite good for the knees, if you do the squats correctly,” Dr. Hart says. Simply stand with your legs shoulder-width apart and bend your legs until your thighs are almost, but not completely, parallel to the ground. Keep your upper body straight. Don’t bend forward, he says, since that movement can strain the knees. Try to complete 20 squats, using no weight at first. When that becomes easy, Dr. Hart suggests, hold a barbell with weights attached. Or simply clutch a full milk carton, which is my cheapskate’s squats routine.

Straight leg lifts are also useful for knee health. Sit on the floor with your back straight and one leg extended and the other bent toward your chest. In this position, lift the straight leg slightly off the ground and hold for 10 seconds. Repeat 10 to 20 times and then switch legs.

You can also find other exercises that target the knees in this video, “Increasing Knee Stability.”

Of course, before starting any exercise program, consult a physician, especially, Dr. Hart says, if your knees often ache, feel stiff or emit a strange, clicking noise, which could be symptoms of arthritis.

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