Sunday, August 4, 2013

Will Spectra Energy Earnings Flow Faster?

Spectra Energy (NYSE: SE??) will release its quarterly report on Tuesday, and investors have sent the company's stock to all-time highs. But the big question facing would-be shareholders is whether Spectra Energy earnings will reflect the long-term growth potential in the energy transmission industry.

Spectra has a sizable network of natural-gas pipeline and storage facilities throughout the U.S. and Canada, and it has used that network to tap into opportunities from rising levels of gas production. Having endured extremely low nat-gas prices that led many exploration and production companies to cut back on their nat-gas activity, Spectra now hopes that a rebound in natural gas will produce the opposite effect and boost its own profits. Let's take an early look at what's been happening with Spectra Energy over the past quarter and what we're likely to see in its quarterly report.

Stats on Spectra Energy

Analyst EPS Estimate

$0.32

Change From Year-Ago EPS

(3%)

Revenue Estimate

$1.22 billion

Change From Year-Ago Revenue

10.1%

Earnings Beats in Past Four Quarters

2

Source: Yahoo! Finance.

Will Spectra Energy earnings power up this quarter?
In recent months, analysts have gotten a bit more optimistic about the long-term prospects for Spectra Energy earnings, keeping June-quarter estimates steady but raising full-year 2013 projections by a penny per share and 2014 estimates by $0.03 per share. The stock has responded favorably, rising more than 16% since the end of April.

Lately, all the rage among midstream companies has involved creating master limited partnerships to hold assets in a tax-favored way that encourages greater income distributions for investors. Spectra bolstered its own case on that score back in May, moving a 50% interest in its Express-Platte pipeline system into its Spectra Energy Partners (NYSE: SEP??) MLP. The pipeline connects western Canadian crude oil to refiners in the U.S. Rocky Mountain region and the Midwest, which has been an increasing important network in light of production from Alberta's oil sands and other promising areas. Spectra followed up that announcement in June with plans to move all of its transmission and storage assets to Spectra Energy Partners, and investors cheered the expected rise in distributions from their shares.

But Spectra has also made some substantive strategic moves as well. Less than a week ago, Spectra said that it would partner with NextEra Energy (NYSE: NEE??) to help build a major natural gas pipeline to bring more gas to Florida. The move will mark the state's third big pipeline, but with current networks running near capacity, the venture should help NextEra promote growth in Florida and take advantage of high demand from gas-fired electricity plants in the state.

Another promising area for Spectra is the Utica Shale. With its being part of a joint proposal for a pipeline from the Ohio play to Detroit and then on to Canada, Spectra and partners Enbridge (NYSE: ENB??) and DTE Energy could end up reaping greater rewards as producers ramp up natural-gas volumes in the rapidly growing region.

In the Spectra earnings report, watch to see what long-term effect the company believes its asset transfers to Spectra Energy Partners will have on distributions to shareholders. With a 3.3% yield already for Spectra and distributions of 4.5% for the MLP, Spectra investors could be in a much happier mood if the company foresees much greater payouts ahead.

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Source: http://feeds.fool.com/~r/usmf/foolwatch/~3/2K0RxVRGnag/story01.htm

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Seminole War commemoration ceremony : Historic City News

400-Seminole-WarHistoric City News readers were invited by 450th Military Commemoration Committee spokesman, Ted Pappas, to attend a ceremony honoring fallen soldiers of the Second Seminole Indian War whose remains are interred under the pyramids at the National Cemetery.

The event will be held on Saturday, August 24, at St Francis Barracks parade field; located at 104 Marine Street in St. Augustine. Activities will begin at 9:00 with a living history assemblage of period re-enactors on the parade ground in front of the barracks.

?This is the sixth year that the West Point Society of North Florida has organized the ceremony,? Pappas told Historic City News this week. ?The local 450th Military Commemoration Committee is honored to sponsor this commemoration, with support from the Seminole Wars Foundation.?

Returning this year will be a crew from Peace River Artillery, demonstrating and firing an exact replica of the ?6 pounder? artillery piece that accompanied Major Francis L. Dade at the beginning of the war in December, 1835.

Jerry and Linda Morris will be back with their display of how soldiers lived in the field during the war, and Lieutenant Colonel (ret.) Harry Metz will lead an honor guard of other re-enactors.

At 11:00, a bugler will sound assembly and spectators will gather to hear brief remarks putting the event into historical context. In 1842, a large parade passed through St Augustine; bearing the remains of those who perished on battlefields during the Second Seminole Indian War. At the conclusion, a procession will march to the pyramids, where the Society will lay its wreath and lead the cadet prayer. A cannon salute and taps will close the morning.

National Guard Command historian, Lieutenant Colonel (ret.) Gregory A. Moore, will be available to discuss his new book, ?Sacred Ground: The National Cemetery at St. Augustine?. A program in the Officers Club will follow the outdoor events. Seating is limited and advance reservations are required.

What's your 2? worth?

Tags: Featured

Category: Entertainment

Source: http://historiccity.com/2013/staugustine/news/florida/seminole-war-commemoration-ceremony-39053

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Garnett, Pierce, Terry join NBA's Brooklyn

Former Boston Celtics stars Kevin Garnett, Paul Pierce and Jason Terry made their debuts Thursday as members of the Brooklyn Nets and already began talking about winning an NBA title.

"We've got all the ingredients we need to win a championship," Pierce said.

"We just need to figure out how to make it all come together. Great players always figure it out and I think we will."

Russian billionaire and Nets owner Mikhail Prokhorov, new Nets coach Jason Kidd and team general manager Billy King joined the star trio at a news conference where the Nets made dethroning the two-time defending champion Miami Heat their clear mission.

"The big picture is the championship trophy and hopefully we can win that. The gold trophy is what we're here for," Kidd said.

Pierce was the 2008 NBA Finals Most Valuable Player and Garnett dominated inside as the Celtics beat the Los Angeles Lakers for the title five years ago while Terry helped Dallas beat Miami in the 2011 finals before joining the Celtics last year.

"We're about winning a championship and coming to the Nets gives us the best opportunity," Garnett said.

They join a Nets squad that went 49-33 last season, losing to Chicago in the first round of the Eastern Conference playoffs.

With guard Deron Williams, forward Joe Johnson and center Brook Lopez likely joined by Garnett, 37, and Pierce, 35, in the starting lineup and Terry coming off the bench along with 32-year-old Russian forward Andrei Kirilenko, another newcomer to the Nets, Brooklyn promises to be a formidable outfit.

Prokhorov will spend $101 million in salary next season and another $82 million in NBA luxury tax penalties for exceeding the league salary cap.

But he assembled an all-star starting lineup of Williams ($18.4 million), Johnson ($21.4 million), Pierce ($15.3 million), Garnett ($12.4 million) and Lopez ($14.6 million).

"You've got to look at what everybody brings," Pierce said. "We all complement each other. We understand sacrifice."

Source: http://wwos.ninemsn.com.au/article.aspx?id=8692584

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Saturday, August 3, 2013

U.S. Issues Global Travel Alert Over al Qaeda Threat (WSJ)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/323554024?client_source=feed&format=rss

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Physics Week in Review: August 3, 2013

If this week?s link fest has a theme, it might just be teleportation. I wrote about The Trouble With Teleportation for Nautilus this week, a.k.a., why the pig lizard in Galaxy Quest met with an icky end.? The same issue featured a cool science fiction short story in, which one woman faces a tough choice when teleportation goes awry. Back in the real world, a new paper finds that human teleportation is far more impractical than we thought. Specifically, ?Physics students from the University of Leicester have calculated the time and energy required to beam a complete person from the Earth?s surface to a location in space. Their results were discouraging, to say the least.?

Another recurring theme: Time. Is there a ?timeless? zone in the universe? Sean Carroll took your light-speed questions. The short answer? No.? Related: Buzzfeed offers video proof That You Have Absolutely No Concept Of Time. Also: The Time Traveler?s Burden (Abstruse Goose on why time machines are great ? if you?re a white guy).

Then there is ?Time,? A 3,099-Panel xkcd Comic. Per Laughing Squid: ?The comic, set in the far future, tells the story of two people trying to save their village located in the evaporated basin of the Mediterranean Sea as it fills back up in one massive flood. The full comic can be viewed at Geekwagon.?? There is also some behind-the-scenes details of the comic?s creation at the xkcd blog. And a lovely profile of creator Randal Munroe at Wired.

Happy Birthday, Maria Mitchell: Brainpickings highlights the Pioneering Astronomer on Science and Life.? Oh, and Google gave Mitchell a Google doodle for her 195th birthday.

Cat-turning: the 19th-century scientific cat-dropping craze. No, really, this was totally a thing back then! Related: The Finch and the Pea had an intriguing Caturday science question: ?Are cats actually liquids, or amorphous solids?? Jen-Luc Piquant is going with amorphous solids.

An Intergalactic Travel Bureau in Midtown can book you a trip to Saturn?s largest moon, Titan ? in fantasy. In reality, it was guerilla outreach performance art, and the trip would cost you billions of dollars.

The Quantum Zeno Effect actually does stop the world? after a fashion.

Towards a global quantum network: Photoelectron trapping in double quantum dots.

Peter Trevelyan, detail from Tenuous, 2012. http://www.bartleyandcompanyart.co.nz/artist.php?artistID=3943

The Art of Science: Peter Trevelyan?s Delicate Geometry. New Zealand artist makes ??built drawings? ? fragile, airy sculptures made of fine graphite rods (the lead from mechanical pencils) held together with glue.?

In Pursuit of Quantum Biology: Q&A With Birgitta Whaley in Quanta.

Is physics truth, metaphor, or less? David Tong, Hilary Lawson, and Lev Vaidman debate.

What does mercury being liquid at room temperature have to do with Einstein?s theory of relativity?

Physicists discover theoretical possibility of large, hollow magnetic cage molecules.

Survival of the nicest: Why it does not pay to be mean. Chris Adami comments on a recent post in Technology Review on the emerging revolution in game theory (?The discovery of a winning strategy for Prisoner?s Dilemma is forcing game theorists to rethink their discipline. Their conclusion? Winning isn?t everything.?)? It?s based on a paper published last year by Freeman Dyson and William Press. :

Why Einstein Equals Musical Comedy Squared. Acclaimed science-theatre writer-performer John Hinton talks about what theatre has to offer science ahead of his new theoretical physics musical comedy, Albert Einstein: Relativitively Speaking, at the Edinburgh Festival.

Harnessing Physics in Grand Spaces to Make Music. ?[T]he Earth Harp, so named for its inaugural performance when it spanned a mountain valley, is not just a musical accomplishment but a great feat of engineering as well. In a phone interview last month, William Close, the inventor of the Earth Harp talked about what it takes to make beautiful music with a massive physics machine.?

Physics Buzz launches a grassroots experiment to see if all 56 designs of US state and territory quarters flip the same way. BECAUSE INQUIRING MINDS NEED TO KNOW!

Hints of New Physics Detected in the LHC? ?It appears that there?s a slight deviation from the ?norm,? hinting that the Standard Model ain?t all that.? Ah, but not so fast! Ethan Siegel has his doubts, and explains why Breaking the Standard Model is Really, Really Hard.

Structurally-Accurate Jupiter Cake Makes The Gas Giant Look Delicious.? You can make your own by following this handy tutorial.

Watch the debris from an exploded star expand before your eyes like a cosmic heartbeat. (h/t: Bad Astronomy/Slate)

New Archive Reveals How Scientists Finally Solved the Vexing ?Longitude Problem? During the 1700s.? Someone should totally write a book about that.

Why We Keep Playing the Lottery: Blind to the mathematical odds, we fall to the marketing gods.

Why Does This Man?s Head Appear Off His Body? Rhett Alain explains this optical illusion.

Perpetual Puddle Vortex: ?What looks like a puddle is actually a vortex constantly sucking fluid down a hole in the table.?

Scientists think they might have pinpointed where the infamous Russian meteorite of 2013 came from.

The Physics of Disaster: An Exploration of Train Derailments. How understanding the science behind trains can help identify the causes of accidents?and lead us to safer railways.

The world?s sharpest saw blade is made of carbon nanotube wire coated with a diamond glaze: cuts with no dust.

The physics of Spain: Even at the seaside, science is all around you, according to Stephen Curry, who found inspiration on his recent vacation for musings on waves and diffraction.

Getting into the spirit of the #sciconfessions hastag on twitter, the bloggers at Physics Focus spill their darkest secrets.

Borrego Stardance, Beautiful Night Sky Time-Lapses from a Small Desert Town in California called Borrego Springs. Per Laughing Squid: ?The film features the outdoor sculptures of artist Ricardo A. Breceda [and] was created by Gavin Heffernan of Sunchaser Pictures.?

Tools of the Cold-Atom Trade: Introduction.? This is the first in a new blog post series by Chad Orzel. So far he?s got posts on light scattering forces and slow atomic beams;? optical molasses;? and light shifts and optical dipole traps.

?Infinity? is a strange idea. But it?s crucial if you want to understand anything from philosophy to mathematics.

Helium: swollen stars, party balloons and squeaky voices. What is helium used for, apart from balloons? Quite a lot. So it?s kind of a big deal that there?s a pending shortage on the horizon.

How the ouija board really moves: why we can make movements and yet not realize that we?re making them.

Matt Strassler? has some good stuff to say about new results on twists and turns for neutrinos and for muons.

Did Newton get Newton?s rings wrong? ?Most people see them as evidence of wave nature of light. Newton, however, did not.? (Per the Time Lord, light is a wave but looks like particles when it?s measured/observed.)

May the Force Be Nerdy: Star Wars Made a Contribution to Real Science: New geological research got an assist from Tatooine.

Economist Paul Krugman caused a stir among physicists and mathematicians on Twitter this week with his rumination on why traffic seems to move faster in the other lane. Did he get the math wrong? It inspired at least one great analysis of this classic traffic problem.

Ducati animation what would happen if the Sun, Earth, and Moon all had the same mass, and there were only two months in a year. Credit: Robert Vanderbei

Five Animated Gifs of n-body Orbits. Robert Vanderbei of Princeton University has a minimizing code he uses to minimize the light coming into a telescope from stars ? ?to better see if there are more-softly lit planets traveling in their wakes? ? but it?s also useful for modeling the orbits of N-body systems.

A Beautiful Manuscript of Square Roots from the 1830?s.

Does dark matter affect the navigation of a spacecraft?

CERN artist-in-residence develops an ear for physics: Sound artist Bill Fontana taps into music of Large Hadron Collider.

The Ten Greatest Space Achievements Nobody Knows About.

Ooh! There was a Physics in Vogue photography exhibit! Unfortunately, Iowa Senator Chuck Grassley, was not amused by one shot featuring NASA scientists and launched an investigation to see if the photo had involved a misuse of government funds (it hadn?t). Killjoy.

Graphene physics helps physicists understand how hydrogen metallizes.

Kinematic analysis of light-induced jumping crystals.

A gravestone in Trinity Churchyard on Wall Street has a secret code to decipher.

The glasswinged butterfly?s claim to fame is that its wings are essentially completely transparent.

Huge Space Battle Rumbles Virtual Universe ? it happened in EVE Online.

Over at Wired, Sean Carroll and Dave Goldberg discuss why scientists should talk to public. Okay, I?m not crazy about the headline, which sets up a bit of a false dichotomy between ?cool? scientists and ?nerdy? scientists. We need both the loveable nerds on The Big Bang Theory plus colorful characters like Tony Stark, and everything in between, to help folks appreciate the diversity in science. But it?s a great conversation and well worth a read.

An Important Lesson from Blackjack and Baseball: You Gain More by Not Being Stupid Than You Do by Being Smart.

Slingatron-tastic: Could We Lob Stuff Into Space?? New space transport technology is fabulous, except that ?it would turn an astronaut into astronaut pudding.?

Astronaut describes terrifying spacesuit helmet water leak that cut short a spacewalk last week. Also: here?s more from PBS/Nova on what it?s like to nearly drown in space.

Of neutrino oscillations and coming full circle (Matthew Francis on the art of asking dumb questions).

Who First Wondered: Why is the Night Sky Dark?

Do We Expand With The Universe? Minute Physics has the answer!

The Science of Champagne, the Bubbling Wine Created By Accident.

Cenote Angelita: Underwater River Photographed by Anatoly Beloshchin: ?a sort of illusion due to halocline.?

Fun with liquid nitrogen at summer camp:? ?Don?t try Leidenfrost demonstrations at home.?

The Tale of Fermilab?s ?Elephant Doors.? A set of twin doors take on two very different purposes at Fermilab and Chicago?s Lincoln Park Zoo.

The mathematics of grade inflation. An Astonishing Act of Statistical Chutzpah in the Indiana Schools? Grade-Changing Scandal.

The irresistible rise of the Standard Model: ?In truth, our understanding of particle physics is at a crossroads.?

Explaining Quantum Computers (with a lovely british accent).

This is the first true image of the shadow universe?a map of the entire sky showing *only* dark matter.

Stephen Hawking tells how doctors offered to turn off life support in 1985. Physicist says his first wife refused to end his life when he became seriously ill and he recovered to complete A Brief History of Time.

Orange bubble clouds turn Michigan sky into a lava lamp (video).

WWII-Era Record Shows Albert Einstein Took Part in Program to Help Jews Escape the Nazis. He made a deposit to help finance the emigration of a Jewish person named Hugo Moos.

Finally, a bit of fun for your weekend viewing pleasure: Star Wars Parkour, A Video of Jedi Performing Free Running Stunts:

Source: http://rss.sciam.com/~r/sciam/basic-science/~3/6dB65eHn9LU/post.cfm

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Union screams bloody murder over report on TSA misconduct

WASHINGTON, DC - The union representing over 45,000 Transportation Security Officers today blasted TSA critics on Capitol Hill for "trying to sensationalize" the report's findings. The American Federation of Government Employees claims the report itself found that only a tiny fraction of the huge workforce was involved in any misconduct, and fewer still have been involved in misconduct that had any relation to security.

In a statement, AFGE National President J. David Cox, Sr. said:

"Efforts by Representative Mica and others on Capitol Hill to hype this report as evidence of widespread and scandalous misconduct by TSA employees run contrary to the facts of the report itself.

"The GAO study of allegations of misconduct on the part of TSA employees has been wildly misrepresented. TSA critics on Capitol Hill seize every opportunity to give the agency and its dedicated workforce a black eye, even when the facts to not support their arm-waving displays of false outrage. They want to drag us back, as a nation, to the pre-9/11 practice of using poorly trained, minimum wage rent-a-cops to protect the flying public from terrorists. Their theory that private, for-profit security is better than that provided by TSA is not borne out by the facts of this report. The data GAO analyzed show once again that the TSA workforce is doing a great job protecting the flying public, and that around 99% of the employees are never involved in security-related misconduct.

"In an agency with a workforce the size of a small city, spread out over more than 400 airports, misconduct numbers this small indicate success, not failure. No one condones any misconduct and TSA is diligent in investigating allegations that range from being a few minutes late to work to violating security protocol. Thanks to our union, the agency is required to evaluate evidence when charges of misconduct are made, and when the facts warrant discipline, tailor the punishment to the offense. Efforts to sensationalize these kinds of routine management functions in order to make the case for the return of the failed, for-profit model of airport screening are appalling and irresponsible."

Source: http://feedproxy.google.com/~r/Eturbonews-TravelAndTourismIndustryNews/~3/HY2yhHg6VgE/union-screams-bloody-murder-over-report-tsa-misconduct

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Friday, August 2, 2013

Temperatures hit 33C as London heatwave returns - but it won't last for long

Hotting up: the early morning view over the Thames at sun rise Following a scorching July, the heatwave had this week begun to face, but it made a one-day reappearance.

Tomorrow will be cloudier with some showers in the morning.

The weekend will see temperatures return to an average 23C.

Fun in the sun: children play in the fountains on the South Bank (picture: Jeremy Selwyn) The new wave of warm weather comes after some parts of the country experienced the hottest July on record.

Forecasters said temperatures in the west, Dublin, the south west and midlands were at their highest for up to 63 years.

In Kerry, Valentia Observatory average temperatures matched a 1921 record, which is the highest since it began taking records 120 years ago.

Other weather stations around the country reported the warmest July for seven to 30 years.

Refreshing: Amy (left) and Katy try and cool off at Yo Sushi on the South Bank, which is serving the new Kirin Frozen Beer (picture: Glenn Copus) Met Eireann said nine areas where it records conditions experienced heatwaves - technically five days or more of temperatures over 25C (77F).

The mercury rose highest during July in Ardfert, Co Kerry, where it reached 30.3C (87F) on July 19.

As a result of the long, hot spell, most parts of the country were also hit with droughts.

Thunderstorms towards the end of the month made up most of the rainfall for July.

Source: http://www.standard.co.uk/news/london/temperatures-hit-33c-as-london-heatwave-returns--but-it-wont-last-for-long-8742013.html

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