Tuesday, July 2, 2013

Kenya shilling steady, stocks fall on foreign selling

By George Obulutsa

NAIROBI (Reuters) - The Kenyan shilling was steady against the dollar on Monday, while shares continued their losing streak, driven by the prospect of an easing of U.S. economic stimulus measures and concerns the government may bring back a capital gains tax.

Nairobi's benchmark NSE-20 Share Index closed down 18.95 points, or 0.4 percent, at 4,579.21 points, the selling driven mostly by foreign investors.

The index fell 8 percent in June.

Among the stocks that closed lower on Monday were mobile phone service operator Safaricom, which ended down 1.5 percent at 6.45 shillings, and Standard Chartered Bank Kenya, which fell 2.4 percent to 280.00 shillings.

Beer maker East African Breweries Ltd. dipped 0.6 percent to 331.00 shillings.

"Generally the market is still on a downward trend," said Ronald Lugalia, an analyst at Afrika Investment Bank. "Foreign investors were net sellers. Generally it's just profit-taking, and there is no significant demand to match up the supply that is coming into the market."

At close of trade at 1300 GMT, commercial banks quoted the shilling at 85.75/95 to the dollar, compared with Friday's close of 85.80/90.

"There was not much demand... I think we will start seeing slight (dollar) demand coming back (in coming days)," said Ignatius Chicha, head of trading at Citibank.

Other traders said there was some possibility that the shilling would strengthen, since most importers had already filled their end-month dollar requirements, curbing demand and taking pressure off the local currency.

"We are still biased towards a slightly stronger shilling as demand for dollars falls," said Nahashon Mungai, a trader at Equity Bank.

Mungai said the 0.3 percent gain recorded by the stock market in Friday's session could signal the end of June's bearish run, pulling in foreign investors who could help boost the shilling.

Government bonds worth a total 350.8 million shillings were traded on the securities exchange, down from 1.87 billion shillings traded on Friday.

Source: http://news.yahoo.com/kenya-shilling-steady-may-lift-foreigners-buying-shares-084055551.html

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Neighborhood residents with lowest incomes most likely to care about their communities

Neighborhood residents with lowest incomes most likely to care about their communities [ Back to EurekAlert! ] Public release date: 2-Jul-2013
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Contact: Jesslyn Chew
ChewJ@missouri.edu
573-882-8353
University of Missouri-Columbia

COLUMBIA, Mo. Some may assume that low-income residents of run-down, crime-ridden neighborhoods do not care about their communities. However, research from the University of Missouri suggests otherwise.

Mansoo Yu, an assistant professor of social work and public health at MU, studied levels of community care and vigilance among residents living in high-crime, low-income areas. Community care and vigilance refer to individuals' desires to improve their communities, to take pride in their neighborhoods and to monitor and report unwelcome happenings, such as crimes, near their homes.

"We hypothesized that individuals with higher incomes would have higher levels of community care and vigilance, but the opposite was true," Yu said. "Residents with lower incomes were more likely to care about their communities than their higher-earning neighbors."

Yu said he and his colleagues were somewhat surprised by the findings that lower-income residents cared more about their communities.

"One possibility is that, because these individuals had such low incomes, they were more likely to stay in the same area for a long time," Yu said. "Low-income residents might lack the resources to move to other communities, whereas their neighbors with relatively higher incomes might be more able to move to better neighborhoods with safer environments."

Yu said community workers and organizers as well as public health professionals should find ways for residents to develop pride in their neighborhoods and encourage them to take actions, such as volunteering, to improve their communities.

"Healthy local environments are related to overall well-being and good mental and physical health," Yu said. "Individuals tend to feel safer in their local communities when they have low levels of depression and high levels of self-esteem. More work is needed to improve low-income areas into healthy environments so individuals' well-beings can improve."

###

The study, "Which Factor has More Impact? An Examination of the Effects of Income Level, Perceived Neighborhood Disorder, and Crime on Community Care and Vigilance Among Low-Income African American Residents," was published in Race and Social Problems. Co-authors included Ronald Pitner from the University of South Carolina and Edna Brown from the University of Connecticut. Yu teaches in the School of Social Work, part of the MU College of Human Environmental Sciences, and in the MU Master of Public Health Program.


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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Neighborhood residents with lowest incomes most likely to care about their communities [ Back to EurekAlert! ] Public release date: 2-Jul-2013
[ | E-mail | Share Share ]

Contact: Jesslyn Chew
ChewJ@missouri.edu
573-882-8353
University of Missouri-Columbia

COLUMBIA, Mo. Some may assume that low-income residents of run-down, crime-ridden neighborhoods do not care about their communities. However, research from the University of Missouri suggests otherwise.

Mansoo Yu, an assistant professor of social work and public health at MU, studied levels of community care and vigilance among residents living in high-crime, low-income areas. Community care and vigilance refer to individuals' desires to improve their communities, to take pride in their neighborhoods and to monitor and report unwelcome happenings, such as crimes, near their homes.

"We hypothesized that individuals with higher incomes would have higher levels of community care and vigilance, but the opposite was true," Yu said. "Residents with lower incomes were more likely to care about their communities than their higher-earning neighbors."

Yu said he and his colleagues were somewhat surprised by the findings that lower-income residents cared more about their communities.

"One possibility is that, because these individuals had such low incomes, they were more likely to stay in the same area for a long time," Yu said. "Low-income residents might lack the resources to move to other communities, whereas their neighbors with relatively higher incomes might be more able to move to better neighborhoods with safer environments."

Yu said community workers and organizers as well as public health professionals should find ways for residents to develop pride in their neighborhoods and encourage them to take actions, such as volunteering, to improve their communities.

"Healthy local environments are related to overall well-being and good mental and physical health," Yu said. "Individuals tend to feel safer in their local communities when they have low levels of depression and high levels of self-esteem. More work is needed to improve low-income areas into healthy environments so individuals' well-beings can improve."

###

The study, "Which Factor has More Impact? An Examination of the Effects of Income Level, Perceived Neighborhood Disorder, and Crime on Community Care and Vigilance Among Low-Income African American Residents," was published in Race and Social Problems. Co-authors included Ronald Pitner from the University of South Carolina and Edna Brown from the University of Connecticut. Yu teaches in the School of Social Work, part of the MU College of Human Environmental Sciences, and in the MU Master of Public Health Program.


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2013-07/uom-nrw070213.php

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Pope's 1st encyclical: 'Light of Faith' due Friday

Pope Francis greets the faithful at the end of the Angelus prayer in St. Peter's Square at the Vatican, Sunday, June 30, 2013. The Pontiff says his predecessor, Benedict XVI, was courageously following his conscience when he decided to retire. Benedict became the first pontiff in 600 years to quit the post when he resigned in February, paving the way for Francis' election as Pope two weeks later. Francis told pilgrims and tourists in St. Peter's Square on Sunday that God made Benedict understand through prayer the step he had to take.(AP Photo/Gregorio Borgia)

Pope Francis greets the faithful at the end of the Angelus prayer in St. Peter's Square at the Vatican, Sunday, June 30, 2013. The Pontiff says his predecessor, Benedict XVI, was courageously following his conscience when he decided to retire. Benedict became the first pontiff in 600 years to quit the post when he resigned in February, paving the way for Francis' election as Pope two weeks later. Francis told pilgrims and tourists in St. Peter's Square on Sunday that God made Benedict understand through prayer the step he had to take.(AP Photo/Gregorio Borgia)

(AP) ? So much for vacation: Pope Francis on Friday will issue his first encyclical and then will travel to Sicily to meet with recently arrived African migrants.

The Vatican announced the pope's back-to-back agenda on Monday as it still reels from the fallout from a financial scandal that has seen a senior Vatican accountant arrested in a 20 million euro ($26 million) corruption plot.

The Vatican said Francis' first encyclical, "Light of Faith," will be released on Friday.

Retired Pope Benedict XVI had planned to issue a final encyclical on faith but resigned before he had time to finish it. The Vatican has long said Francis would likely take elements of Benedict's draft and make them his own.

An encyclical is the most authoritative teaching a pope can issue. Benedict issued three during his nearly eight-year pontificate, on charity, love and hope.

Francis isn't a theologian or philosopher and hasn't written nearly as extensively as his predecessors. He is more a pastoral pope, and his planned trip to Lampedusa island to meet with recently arrived migrants is proof of his priorities.

Tens of thousands of clandestine migrants, many from Africa or the Mideast, head to Italian shores each year. Lampedusa is their frequent destination, closer to Africa than the Italian mainland.

Those without jobs awaiting them or who are ineligible for asylum are sent back to their homelands. But while that screening process takes its course, many are held in overcrowded detention facilities, where riots are common. Lampedusa has had its fair share of such problems, particularly tensions with the locals, since the population of migrants swells during peak tourist season in the summer.

In a statement, the Vatican said Francis had been "profoundly" affected by the recent arrivals on Lampedusa and reports of lives lost at sea by migrants who are often packed into overcrowded smuggling boats.

It said Francis is going to pray for those who have died, visit with those who survived and also "encourage residents on the island and recall everyone's sense of responsibility so that they take care of these brothers and sisters in need."

Francis' busy schedule comes in his first week of summer vacation, with his weekly Wednesday audiences canceled through the beginning of September. Unlike his predecessors, Francis won't be vacationing at the papal retreat in Castel Gandolfo but will remain at the Vatican hotel he calls home.

___

Follow Nicole Winfield at www.twitter.com/nwinfield

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-07-01-Vatican-Pope/id-0b38957fe5434c64b02433d32e9a9bdd

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This Ax Is Really Scary And Then You Realize It Has A Slingshot Inside

This week Joerg invited some students from the Technical University of Munich to create general mayhem with him via a steel axe. But an axe by itself isn't menacing/relevant enough. It obviously has to double as a slingshot. And it does! The handle of the axe is hollow . . .

Read more...

    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/K3XJglPgqeY/this-ax-is-really-scary-and-then-you-realize-it-has-a-s-628811330

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Monday, July 1, 2013

Tennis ? The Twitter Connection [Infographic]

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Source: http://www.pinfographics.org/ig/tennis-the-twitter-connection-infographic/

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Violent home invasion in NJ caught on nanny cam | Morocco World ...

Source: http://www.moroccoworldnews.com/2013/06/96021/violent-home-invasion-in-nj-caught-on-nanny-cam/

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In Sanford, Fla., Zimmerman trial keeps a shaken community on edge

The Trayvon Martin shooting rocked Sanford, Fla., to its core. And with the murder trial of George Zimmerman now underway, the city is unnerved by the attention and fearful about the outcome.

By Patrik Jonsson,?Staff Writer / June 28, 2013

Trayvon Martin's parents, Sybrina Fulton, left, and Tracy Martin, center, attend George Zimmerman's trial in Seminole circuit court in Sanford, Fla. on Thursday.

Jacob Langston/Orlando Sentinel/AP

Enlarge

Outwardly, Sanford, Fla., is ?just an old Southern middle-class town,? where races may be segregated socially and culturally, but where most folks feel part of the same community, says resident Susan Mooty.

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That recent sense of community, shared by blacks as well as whites, was nevertheless hard-won, following, as it did, a racist history that famously included running Jackie Robinson out of town lest he play a spring training game with white players.

But the bullet that took the life of a black youth named Trayvon Martin on Feb. 26, 2012, shattered that recent comity. In its stead, a palpable racial tension arose that lingers on these brick-laid streets more than a year after civil rights groups and the New Black Panthers crowded the riverwalk to protest the Sanford Police Department?s original decision not to arrest Trayvon?s killer, a local neighborhood watch captain named George Zimmerman.

After nationwide protests, Mr. Zimmerman ultimately was charged with second-degree murder, and today his face is on every TV screen in town as TV stations run live feeds from his trial.

?Look at this street: Usually everybody is out and about, walking around,? says Jimmy Franklin, an African-American former Marine, who lives in Sanford?s predominantly black Goldsboro neighborhood. ?But everybody is inside, watching the trial on TV.?

Scrutiny of the case, meanwhile, is serving to air Americans? attitudes toward racial stereotyping and discrimination ? the trial has already featured testimony that Trayvon told a friend on the phone that a ?creepy-ass cracker? was following him ? as well as notions about self-defense and gun-carry regulations.

The real legacy of the Zimmerman trial, however, some historians go so far as to suggest, is its capacity to deliver a verdict that could either relieve some of America?s pent up tension around race or serve as the fuse of a racial powder keg, the last straw in decades of poverty, frustration and a sense of injustice in America?s poorer black communities, including the small peeling bungalows of Goldsboro, where faded ?Justice for Trayvon? posters still hang in windows.

?The George Zimmerman trial is powerful because it?s defining the moment we?re in,? particularly with respect to racism and bigotry in the age of Obama, says George Ciccariello-Maher, a professor of history and politics at Drexel University, in Philadelphia. ?We see the same old dynamics emerging in a different guise, which is we have questions of hoodies, clothing, all these aesthetic issues that are ultimately about race. In that, the George Zimmerman trial can both explain what?s changed in [Sanford and around the country] but can also run the risk of obscuring ? what?s really going on.?

More immediately, it?s hard not to say that the trial is challenging Sanford?s painful and circuitous road away from its Jim Crow history. The Trayvon Martin case and ensuing Zimmerman trial have deeply upset this city of 53,000 people. ?This is a nightmare of community in terms of trying to come to terms with what?s happening,? says Gary Mormino, author of ?Land of Sunshine, State of Dreams: A social history of modern Florida.?

To be sure, there?s a sense here that this case could be playing out in any town, anywhere in America, not just in Sanford. ?Everyone is trying to blow [the race question] up bigger than it is,? says Ms. Mooty, who is white.

In that way, painting the entire community of Sanford with a racist broad brush, as many feel that civil rights activists and the media have done, may be unfair.

?One way people are looking at this trial is as a reminder of deep-seated cultural fears that go back hundreds of years, where we can have laws and Supreme Court decisions, but it?s hard to change people?s hearts, especially people who have been separated culturally and legally for so long,? says Rebecca Watts, a professor at Stetson University in DeLand, Fla., and author of ?Contemporary Southern Identity: Community through Controversy.? ?And even though legal separation technically isn?t there, people still live largely separated lives racially in a lot of the country, and the South is included in that.?

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/4orI8dOPcck/In-Sanford-Fla.-Zimmerman-trial-keeps-a-shaken-community-on-edge

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