মঙ্গলবার, ২ এপ্রিল, ২০১৩

N. Korea vows to restart nuke facilities

SEOUL, South Korea (AP) ? North Korea said Tuesday it will escalate production of nuclear weapons material, including restarting a long-shuttered plutonium reactor, in what outsiders see as Pyongyang's latest attempt to extract U.S. concessions by raising fears of war.

A spokesman for the North's General Department of Atomic Energy said scientists will quickly begin work "readjusting and restarting" a uranium enrichment plant and a graphite-moderated, 5-megawatt reactor that could produce a bomb's worth of plutonium each year. Experts considered the uranium announcement to be a public declaration from Pyongyang that it will make highly enriched uranium that could be used for bomb fuel.

The plutonium reactor began operations in 1986 but was shut down in 2007 as part of international nuclear disarmament talks that have since stalled. It wasn't immediately clear if North Korea had already begun work to restart facilities at its main Nyongbyon nuclear complex. Experts estimate it could take anywhere from three months to a year to reactivate the reactor.

The announcement will boost concerns in Washington and among its allies about North Korea's timetable for building a nuclear-tipped missile that can reach the United States, although it is still believed to be years away from developing that technology.

The nuclear vows and a rising tide of threats in recent weeks are seen as efforts by Pyongyang to force disarmament-for-aid talks with Washington and to increase domestic loyalty to young North Korean leader Kim Jong Un by portraying him as a powerful military commander.

Hwang Jihwan, a North Korea expert at the University of Seoul, said the North "is keeping tension and crisis alive to raise stakes ahead of possible future talks with the United States."

"North Korea is asking the world, 'What are you going to do about this?'" he said.

The unidentified North Korean atomic spokesman said the measure is meant to resolve the country's acute electricity shortage but is also for "bolstering up the nuclear armed force both in quality and quantity," according to a statement carried by the official Korean Central News Agency.

The statement suggests the North will do more to produce highly enriched uranium, which like plutonium can be used to make nuclear weapons. Uranium worries outsiders because the technology needed to make highly enriched uranium bombs is much easier to hide than huge plutonium facilities. North Korea previously insisted that its uranium enrichment was for electricity ? meaning low enriched uranium.

Kim Jin Moo, a North Korea expert at the Korea Institute for Defense Analyses in South Korea, said that by announcing it is "readjusting" all nuclear facilities, including a uranium enrichment plant, North Korea "is blackmailing the international community by suggesting that it will now produce weapons-grade, highly enriched uranium."

U.N. Secretary-General Ban Ki-moon said Tuesday that North Korea appears to be "on a collision course with the international community." Speaking in Andorra, the former South Korean foreign minister said the crisis has gone too far and international negotiations are urgently needed.

China, Pyongyang's only major economic and diplomatic supporter, expressed unusual disappointment with Pyongyang. "We noticed North Korea's statement, which we think is regrettable," said Chinese Foreign Ministry spokesman Hong Lei. Seoul also called it "highly regrettable."

The North's plutonium reactor generates spent fuel rods laced with plutonium and is the core of Nyongbyon. It was disabled under a 2007 deal made at now-dormant aid-for-disarmament negotiations involving the North, the U.S., South Korea, Japan, China and Russia.

In 2008, North Korea destroyed the cooling tower at Nyongbyon in a show of commitment, but the deal later stalled after North Korea balked at allowing intensive international fact-checking of its past nuclear activities. Pyongyang pulled out of the talks after international condemnation of its long-range rocket test in April 2009.

North Korea "is making it clear that its nuclear arms program is the essence of its national security and that it's not negotiable," said Sohn Yong-woo, a professor at the Graduate School of National Defense Strategy of Hannam University in South Korea.

Pyongyang conducted its third nuclear test in February, prompting a new round of U.N. sanctions that have infuriated its leaders. North Korea has since declared that the armistice ending the Korean War in 1953 is void, shut down key military phone and fax hotlines with Seoul, threatened to launch nuclear and rocket strikes on the U.S. mainland and its allies and, most recently, declared at a high-level government assembly that making nuclear arms and a stronger economy are the nation's top priorities.

The Korean Peninsula is technically is a state of war because a truce, not a peace treaty, ended the Korean War. The United States stations 28,500 troops in South Korea as a deterrent to North Korea.

Washington has said it takes the threats seriously, though White House press secretary Jay Carney said Monday the U.S. has not detected any military mobilization or repositioning of forces from Pyongyang.

The North's rising rhetoric has been met by a display of U.S. military strength, including flights of nuclear-capable bombers and stealth jets at annual South Korean-U.S. military drills that the allies call routine but that Pyongyang claims are invasion preparations.

South Koreans are familiar with provocations from the North, but its rhetoric over the last few weeks has raised worries.

"This is a serious concern for me," said Heo Jeong-ja, 70, a cleaning lady in Seoul. "The country has to stay calm, but North Korea threatens us every day."

Earlier Tuesday, a senior South Korean official told foreign journalists that there had been no sign of large-scale military movement in North Korea, though South Korea remains alert to the possibility of a provocation. The official spoke on condition of anonymity because he was not authorized to speak publicly to the media.

North Korea added its 5-megawatt plutonium reactor to its nuclear complex at Nyongbyon in 1986, and Pyongyang is believed to have exploded plutonium devices in its first two nuclear tests, in 2006 and 2009.

There had long been claims by the U.S. and others that Pyongyang was also pursuing a secret uranium program. In 2010, the North unveiled to visiting Americans a uranium enrichment program at Nyongbyon.

Analysts say they don't believe North Korea currently has mastered the miniaturization technology needed to build a warhead that can be mounted on a missile, and the extent of its uranium enrichment efforts is also unclear.

Scientist and nuclear expert Siegfried Hecker, one of the Americans on the 2010 visit to Nyongbyon, has estimated that Pyongyang has 24 to 42 kilograms of plutonium ? enough for perhaps four to eight rudimentary bombs similar to the plutonium weapon used on Nagasaki in World War II.

It's not known whether the North's latest atomic test, in February, used highly enriched uranium or plutonium stockpiles. South Korea and other countries have so far failed to detect radioactive elements that may have leaked from the test and which could determine what kind of device was used.

__

Associated Press writers Sam Kim and Jean H. Lee in Seoul and AP researcher Zhao Liang in Beijing contributed to this report.

Source: http://news.yahoo.com/north-korea-vows-restart-nuclear-facilities-053100771.html

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Obama unveils brain science program

Initiative would develop tools to measure coordinated neuron activity

By Puneet Kollipara

Web edition: April 2, 2013

President Barack Obama has unveiled a long-term neuroscience research initiative that will develop new tools and technologies to study human and animal brains on larger scales than currently possible. Announced April 2, the BRAIN Initiative could ultimately help researchers better understand human behavior and thought and develop new ways to diagnose, treat and cure neurological and psychiatric diseases.

The initiative is slated to begin in October, with $100 million budgeted for the project in fiscal year 2014. The National Institutes of Health, the Defense Advanced Research Projects Agency and the National Science Foundation will lead the effort, which Obama likened to the Human Genome Project in terms of its ambitious aims and the scientific and health benefits the initiative could yield.

The human brain remains one of the greatest scientific mysteries. Researchers can now probe only a small number of neurons simultaneously or get relatively crude looks at specific regions or the entirety of the brain. But scientists believe that understanding the action of circuits containing thousands or millions of coordinated neurons could lead to a better understanding of how the brain works ? as well as what goes wrong when it doesn?t.

Short for Brain Research through Advancing Innovative Neurotechnologies, the BRAIN Initiative would seek to develop tools and technologies to measure and manipulate the firing patterns of all neurons in a circuit. Other new tools ? hardware, software and databases ? would store the data, make it public and analyze it. The initiative takes its inspiration from a research vision known as the Brain Activity Map, which originated from a group of neuroscientists, nanoscientists and research groups.
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Eventually, researchers could apply the tools and findings to medicine. For example, DARPA ? motivated by mental issues and brain and limb injuries in soldiers ? is interested in developing better prosthetics and new ways to diagnose and treat brain diseases, says Arati Prabhakar, the agency?s director.

Many questions about the project remain unanswered: A detailed timetable and the associated research milestones haven?t been spelled out. Ethical dilemmas may arise from research that measures and manipulates neurons. And the initiative?s full funding portfolio remains unclear.

To iron out a path forward, NIH has convened what it calls a ?dream team,? a workgroup of scientists ? supporters and skeptics alike ? who will help develop a timetable and milestones and guide research priorities. By this summer, the group will recommend what should get funded in year one, NIH Director Francis Collins says. Meanwhile, Obama has asked his bioethics commission to examine potential ethical issues.

Although research budgets have shrunk, Collins notes that the $100 million for the project?s first year would be less than 1 percent of NIH?s total budget. Moreover, he points out, neuroscience has recently made some advances demonstrating that the initiative is feasible.

?Right now it seems like the wrong time to say we're going to put this on hold when the promise is as great as it is,? Collins says.

Source: http://www.sciencenews.org/view/generic/id/349333/title/Obama_unveils_brain_science_program_

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Could Ireland's press regulation system work in Britain?

Ireland's press regulations, which include an ombudsman and a council of publishers, public citizens, and journalists, are less restrictive than the proposed British version.

By Jason Walsh,?Correspondent / March 27, 2013

A man collects a copy of a newspaper at a newsstand in London, Oct. 2010. Could Ireland's model of an official Press Council and ombudsman work in Britain?

Ian West/AP/File

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With the British government moving ahead on a new media regulator and the UK press in revolt against, some in the country wonder if their neighbors to the west could offer a solution. Could Ireland's model of an official Press Council and ombudsman work in Britain?

Skip to next paragraph Jason Walsh

Ireland Correspondent

Jason Walsh has been the Monitor's Ireland correspondent since 2009, dividing his time primarily between Belfast, Northern Ireland and?Dublin in the Republic of Ireland. During that time he has reported on stumbling blocks in the peace process, the dissident republican threat,?pro-British unionist riots, demands for abortion legislation and Ireland's economic crash.

Recent posts

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Set up by the newspaper industry in response to a government threat to introduce privacy legislation, the 13-member Press Council includes representatives of publishers, members of the public (the appointments are publicly advertised), and one from the National Union of Journalists (NUJ), the leading journalists' union in Britain and Ireland.

Publications that are members, including all of the national newspapers, agree to be bound by its code of conduct, and to recognize the decisions of the council and ombudsman. Membership in the council is not mandatory, but publications that are members are generally subject to lesser damages in the event of successful court actions against them, as a result of the council and ombudsman being "recognized in statute."

The ombudsman, currently?John Horgan, a former Labor party politician and journalism professor, adjudicates on complaints from subjects of newspaper stories, and if agreement cannot be found between all parties involved, he can make a ruling or refer the complaint to the Press Council for a final decision.

Seamus Dooley, the Irish secretary of the NUJ, says regulation has not been proscriptive.

The Press Council's code of conduct is more carrot than stick, and starts with a full-throated defense of a free press, saying: "The freedom to publish is vital to the right of the people to be informed. This freedom includes the right of a newspaper to publish what it?considers to be news, without fear or favour, and the right to comment upon it."

It goes on, however, to detail what the Press Council sees as the correct way for publications to operate, although the tone is more aspirational than condemnatory. For example, retractions must be printed in a prominent place and ordinary members of the public are entitled to privacy.

"We're quite happy with the way it's going," says retired business journalist Martin Fitzpatrick, NUJ's appointee to the Irish Press Council. "We've never had a hugely contentious press. There is a degree of timidity, and you could fault them for not foreseeing the onset of the financial crisis, but that's not down to regulation."

The high opinion of press regulation is not universally held, however, even in the NUJ's Irish ranks.

"[British] newspapers did horrible things, but they also uncovered horrible things that were done. The effect of regulation will not be the protection of people who, through no fault of their own, find themselves at the center of press attention, it will be the protection of the rich and powerful," says Gerard Cunningham, chairman of the NUJ's freelance branch in Ireland.

(Could Ireland's regulation work in Britain? British papers rebel as UK press regulation moves closer to reality)

Mr. Cunningham, who formerly worked in the US, says the culture of the British press is, for demonstrable reasons, comparable to other countries only in very general terms.

"This is about all about competition," he says. "Maybe The New York Times and, to a lesser extent, The Christian Science Monitor have a national reach, but they're not really competing against a regional metro daily," he says.

This situation with each US metro market having a dominant player is in stark contrast with Britain, where 11 national dailies, a clutch of regional newspapers, a few specialist titles, and an independent national Scottish press all slug it out for the same pound.

"The British market is intensely competitive and they try to break every story. They really do publish and be damned," says Cunningham.

In contrast, a staggering 19 daily papers are available on the newsstands nationwide in Ireland, though nine of these are rarely read imports from the US and UK and three more are regional titles from Northern Ireland. Of the seven popular national newspapers in Ireland, two tabloids are "Celtified" editions of British newspapers and two more are hybrids of British and Irish material. All four are members of the Press Council, though their British equivalents object to press regulation.

Having a regulated press hasn't stopped the Irish government from indicating it may seek further powers, though. In February 2012, the publication by the Irish Daily Star of candid photographs of Britain's Duchess of Cambridge, Kate Middleton, prompted Irish Justice Minister Alan Shatter to consider enacting new, stricter privacy legislation. The government has yet to do so, however.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/S0EsSX0n0Ww/Could-Ireland-s-press-regulation-system-work-in-Britain

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সোমবার, ১ এপ্রিল, ২০১৩

Novartis loses landmark India patent case on Glivec

By Kaustubh Kulkarni and Suchitra Mohanty

MUMBAI/NEW DELHI (Reuters) - India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics.

The decision sets a benchmark for intellectual property cases in India, where many patented drugs are unaffordable for most of its 1.2 billion people, and does not bode well for foreign firms engaged in ongoing disputes in India, including Pfizer Inc and Roche Holding AG, analysts said.

Among the chief beneficiaries of Monday's Supreme Court ruling will be India's Cipla Ltd and Natco Pharma Ltd, which already sell 'generic' Glivec in India at around one-tenth of the price of the branded drug.

"The multinational companies will have to find new ways of doing business in India," said Deepak Malik, healthcare analyst at brokerage Emkay Global, suggesting they may consider licensing agreements with local firms to offer cheap versions of branded drugs like Glivec.

Ranjit Shahani, managing director of Novartis India Ltd, the firm's locally listed unit, said it will still file patents and carry on investing in the country, but with caution, and will continue to refrain from research and development activities there.

"The intellectual property ecosystem in India is not very encouraging," Shahani told reporters in Mumbai after the ruling.

Healthcare activists have called on the government to make medicines cheaper in a country where many patented drugs are too costly for most people, 40 percent of whom earn less than $1.25 a day, and where patented drugs account for under 10 percent of total drug sales.

"This appears to be the best outcome for patients in developing countries as fewer patents will be granted on existing medicines," said Leena Menghaney, Medecins Sans Frontieres' Access Campaign manager for India.

Over 16,000 patients in India use Glivec, the vast majority of whom receive it free of charge, Novartis says. By contrast, generic Glivec is used by more than 300,000 patients, according to industry reports.

"It's a victory for patients who take these medicines and also for the government," said M. Adinarayana, company secretary at Natco Pharma.

The Supreme Court's decision comes after a legal battle that began when Novartis was denied a patent for Glivec in 2006.

Novartis had argued it was entitled to a patent for the amended version of Glivec because the original patented compound was never suitable for making into a pill. Developing the final chemically stable form took years of extra work and it was this effort that marked the real breakthrough in developing Glivec as a life-saving cancer medicine, the Swiss company said.

Shares in Novartis' Indian unit ended 1.8 percent lower after falling as much as 6.8 percent after the verdict. Natco Pharma stock ended 5.4 percent higher after earlier gaining nearly 11 percent and Cipla gained 1.3 percent, beating the benchmark index which ticked up 0.15 percent.

India's domestic drugs market is the 14th-largest globally, but with annual growth of 13-14 percent and the world's second-biggest population, international pharmaceutical firms say India has massive potential at a time when traditional developed markets have slowed down.

The ruling may dampen that enthusiasm in the short term, said S. Majumdar, head of law firm S. Majumdar & Co based in the eastern city of Kolkata.

"But they (foreign pharmaceutical firms) will have to get used to it and learn to live with the law," he said.

NOT SO EVERGREEN

Pfizer's cancer drug Sutent and Roche's hepatitis C treatment Pegasys lost their patented status in India last year, decisions the companies are fighting to have reversed. The Supreme Court's latest ruling will make it tougher for them to win back patent protection.

"Henceforth, multinational pharma companies are likely to want that their patents are first recognized in India before launch of a patented product," said Ameet Hariani, managing partner at Mumbai-based law firm Hariani & Co.

Novartis has been fighting since 2006 to win a patent for an amended form of Glivec. In 2009 it took its challenge against a law that bans patents on newer but not radically different forms of known drugs to the Supreme Court.

India has refused protection for Glivec on the grounds that it is not a new medicine, but an amended version of a known compound. By contrast, the newer form of Glivec has been patented in nearly 40 countries including the United States, Russia and China.

Indian law bans firms from extending patents on their products by making slight changes to a compound, a practice known as "evergreening".

The Supreme Court said Glivec does not satisfy a patent's "novelty" requirement, Pravin Anand, lawyer for Novartis, told reporters.

Novartis can file a review petition within 90 days.

"The Supreme Court has taken a strong stand against evergreening. This will pave way for affordable medicines in India," Y.K. Hamied, chairman of Cipla, told television channel ET Now. Cipla's major shareholders include Oppenheimer Developing Markets Fund.

Indian Trade Minister Anand Sharma called the ruling "a historic judgment" that reaffirmed provisions in Indian law mandating the need for substantial innovation before new patents are issued on medicines.

(Additional reporting by Ben Hirschler in LONDON; Editing by Daniel Magnowski and Tony Munroe)

Source: http://news.yahoo.com/indias-top-court-dismisses-novartis-petition-glivec-patent-052240790--finance.html

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Lion kills heron: A stork reminder of big cats' wild nature

Lion kills heron: A video of four lions setting upon a blue heron at a Dutch zoo serves as a reminder of the King of the Jungle's wild instincts.

By Mai Ng?c Ch?u,?Contributor / March 28, 2013

A group of four lions, like the one pictured at left, and a heron, like the one at right, had an encounter at an Amsterdam zoo that did not turn out well for the heron.

Lion: Tsvangirayi Mukwazhi/AP/File; Heron: Robert Harbison / The Christian Science Monitor

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A video of four lions preying upon a heron at a Dutch zoo, shot last year and reposted on YouTube Wednesday, reminds us that you can take the lion out of the wild, but you can't take the wild out of the lion.?

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'; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "on"; google_image_size = '230x105'; google_skip = '0'; // --> This Dutch family was visiting the zoo on a quiet Sunday afternoon when things got a bit more exciting than seeing bored animals lying around their enclosures. A lion spots a heron near the water. Following her instincts she sneaks up on it and manages to grab it. The whole family wants in on the prize, but a sneaky cub gets away with it.

In the video, a blue heron?at the Artis Royal Zoo wandered into a small pool while a group of four lions were basking in the sun, about 25 yards away. ?

As the the bird came into view of a lioness, instinct kicked in.?The lioness darted toward the bird, which desperately attempted to take flight but was pulled from the air with a leaping snatch.?The rest of her pride joined in to finish off the heron. ?

The footage of the killing has drawn thousands of views, because it's not often to see animals prey on one another at zoos. Experts said that, though the kings of the jungle are kept in captivity, cared and fed by humans, their original wildness remains untamed.?

Earlier this month, an African lion broke out of its pen and killed a 24-year-old intern at the Cat Haven sanctuary in California who was cleaning the main enclosure. According to CNN, the?5-year-old, 350-pound?killer was one of the victim's favorites.

Captive lions tend to act on their wild instincts whenever potential prey catches their eyes. A pair of videos titled "lion tries to eat baby" have attracted in total more than 7.6 millions views on YouTube since they were uploaded last April. The clips show an Oregon Zoo lioness snarling and baring her fangs in vain at a happily oblivious toddler protected by reinforced glass.

"Most of the time they seem relaxed and cuddly?so it's easy to forget that they react to meat with the reflexive instincts of a shark." Professor Craig Packer, a leading big cat expert at the University of Minnesota, noted in a recent interview with National Geographic News.?"Ten years ago Roy Horne (of Siegfried ?and Roy) was attacked by a tiger that they had handled for years?these attacks happen when people forget about the shark inside."

Early this month, The Monitor's Gloria Goodale interviewed Zara McDonald, executive director of the Bay Area Felidae?Conservation Fund?regarding the death of the Seattle woman.?

?Cats are predators,? said McDonald.?"I don?t care how tame anyone thinks one might be, they are always a wild animal with the ability to hurt humans.?

Source: http://rss.csmonitor.com/~r/feeds/science/~3/Xjz_5a1RHBo/Lion-kills-heron-A-stork-reminder-of-big-cats-wild-nature

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Social Networks: Building Empires, Not Businesses | Technology ...

At first, Facebook's (NASDAQ:FB) growth was organic. In 2004 the social networking website expanded to universities across the US, quickly saturating its target market: college students. I was one at the time, and remember clearly that what made it so addictive, and so sure of early success, was the complete absence of parents, public figures, professors -- anyone in a position of authority, and everyone whose judgment we cared about. College life is the ultimate inside joke; it not only falls flat, but becomes embarrassing (or worse) when told to the wrong person. Facebook caught on because there was never any doubt about which social network we were dealing with.

Momentum carried the website forward as it was opened first to high-school students, and then by 2006, to everyone. Bar room jokes and last night's photos gave way to family pictures and benign status updates. Facebook was maturing, and while that wasn't necessarily a bad thing -- the user base was also growing up -- it was still a change, and as it turns out, only the first of many.???????

The social network has evolved into a gaming platform, an Internet-meme echo chamber, a professional network, a dating service (it may have always been that), a public identity for Web users, and finally, a billboard for advertisers -- anything and everything that might increase the number of accounts or create new ways to monetize them.? This growth has pleased investors at the expense of customers; a Pew study found that more than half of current users have, at some point, taken a break from Facebook. Maybe they got tired of untagging photos and declining friend requests from strangers, or perhaps they no longer had time to read about the life drama of every person they?d ever met.? Regardless, 34% of them claimed they were spending less time on the social network versus a year ago, while only 13% said more.

Advertisers, meanwhile, are rushing into a deteriorating medium. Eight years ago, Facebook offered a tightly defined audience of American 18- to 22-year-olds. Now, the user base has become such a melting pot that in order for the company to run a targeted ad business, it must turn to ?big data?: leveraging the personal information that users entrusted to it, and even the information they didn?t. The New York Times reports that Facebook has partnered with outside firms -- digital detective agencies -- in an attempt to accumulate even more data on its users. This can?t be expected to improve customer loyalty at a time when commercial content is displacing an increasing amount of the social content in Facebook?s news feed.

The company?s incredible growth, which is usually interpreted as success, may have blinded us to the possibility that smaller can be better.? They may not help us find a childhood friend, but little networks like Path and FamilyLeaf can offer a more genuinely social experience.? Meanwhile, themed social media provide a more natural, less intrusive environment for advertisers. Goodreads -- just acquired by Amazon (NASDAQ:AMZN) -- is a social network framed around reading, with some 16 million members. Fitocracy offers a similar environment for those trying to get into shape. Ads on these platforms are guaranteed to reach a community with a shared interest, and more importantly, a certain degree of motivation.

The greatest threat to Facebook may not be that users will abandon it for a large competitor, but that they?ll simply spend less time on it in favor of smaller, focused networks that most people have never heard of -- and that advertisers will do the same thing.

Either way, the large networks are doing a poor job of monetizing. Facebook has done a better job than anyone at creating a revenue stream, and with a billion users the network only managed $5 billion in revenue for 2012. Wall Street might see this as untapped potential ? Facebook?s $60 billion market cap presupposes a healthy growth rate ? but the company?s plan to tap it is, at best, a work in progress, and it isn?t clear how customers will respond to an increased ad presence, when indications so far are that social media advertising is both mistrusted by consumers and less effective than spam as a marketing platform.

Meanwhile, according to Techcrunch, Twitter isn?t yet cash flow positive, much less profitable. MySpace proved to be a six-year headache for News Corp (NASDAQ:NWS). These are (or were) industry leaders, full-grown companies with mature user bases and a heavy ad presence.? Only in tech would investors be willing to tolerate such a fetal adulthood, or wait patiently while global brands stumble towards a business plan -- that is, a plan for making money and not simply growing at a loss. In any event, Wall Street likes social media; the question now is whether consumers, faced with more ads and more burnout, will continue to feel the same way.

No positions in stocks mentioned.

Source: http://www.minyanville.com/sectors/technology/articles/Social-Networks253A-Building-Empires-Not-Businesses/4/1/2013/id/48990

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Deal Reached on Key Immigration Hurdle (WSJ)

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