Tuesday, July 30, 2013

VC Firm YL Ventures Raises $27.5M For Second Fund

12310v3-max-250x250YL Ventures, which backs SaaS companies such as ClickTale and Seculert, has announced the raise of $27.5 million in its second fund (YLV II). The VC firm says the fund was oversubscribed, and increased its hard cap by 10 percent to accommodate interest. Managing partner Yoav Andrew Leitersdorf declined to disclose any previous funding information. Founded in 2007, YL Ventures focuses on early-stage Israeli startups with SaaS models and proprietary technology. Other areas of interest for the firm’s second fund include cloud computing, big data, cyber security, mobile technology and related fields. Investments usually range from $1 million to $2 million for seed-stage startups, with capital reserved for later rounds. “SaaS is a relatively new business model, and few investors have true domain expertise in it. The belief at YL Ventures is that SaaS is the perfect model for selling software to enterprises while maintaining capital efficiency,” Leitersdorf tells TechCrunch. YL Ventures’ interest in the Israeli market is due to an increase in Israeli startup acquisitions in the past few years, such as Google acquiring Waze and Facebook acquiring Face.com. YLV II is aiming to invest in eight portfolio in three years. Previous investments also include AcceloWeb, which was acquired by Limelight Networks in 2011, Upstream Commerce, 6Scan and BlazeMeter.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/EaX8HAb-LxA/

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Environmental awareness develops at an early age

Environmental awareness develops at an early age [ Back to EurekAlert! ] Public release date: 30-Jul-2013
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Contact: Aitziber Lasa
a.lasa@elhuyar.com
34-943-363-040
Elhuyar Fundazioa

Researchers at the UPV/EHU-University of the Basque Country, have studied the point at which the capacity to differentiate between living and non-living beings and environmental awareness are developed

Jos Domingo Villarroel, a researcher at the Teacher Training College in Bilbao (UPV/EHU-University of the Basque Country) has studied the capacity to differentiate between living and non-living beings and how this relates to environmental awareness.

118 girls and boys between the ages of 4 and 7 from public primary schools in Plentzia, Urduliz and Sopelana participated in the research and were interviewed by Villarroel himself. He himself says that the work was very laborious, "but enjoyable and what is more, the results were very striking."

Each interview consisted of two parts. The aim of the first was to analyse the capacity of the children to differentiate between living beings and inanimate objects. The children were shown eight photos, of which four were close-ups of living beings (a dog, a bird, a tree and a flower); the other four depicted inanimate objects: the sun, clouds, a car and a motorbike. "When each of the photos was shown to them, they were asked what they could see: a living being or an inanimate object."

The images used in the second part of the interview depicted inappropriate behaviour types and they had all been selected from children's books. These examples of bad behaviour could be classified into three groups: the ones that exert a negative effect on the wellbeing of someone else (taking away someone else's possessions or using violence against one's friends); the ones that do not fit in with social rules (picking one's nose or eating in a messy way); and the ones that harm plants (treading on a flower or carving drawings on a tree trunk using a knife).

Villarroel explains that "in the interview the children were presented with a dilemma; in other words, they were shown two examples of bad behaviour, and they had to choose which of the two was worse. They were presented with two kinds of dilemmas: in one they had to choose between breaking social rules or influencing the wellbeing of others; in the other, to break social rules or harm plants".

Moral thinking and the world of emotions

The researcher felt that the results of the work were interesting. "In the first part the responses were the expected ones. In fact, many children, especially young ones, are not capable of differentiating between living beings and non-living ones; for example, they find it very difficult to understand that a tree is a living being, yet they tend to believe that cars and motorbikes are alive," explains Villarroel. Children appear to relate the fact of being alive with movement.

In the second part, he found the results more striking, because he spotted a 'paradox'. Apparently, children believe that hurting another child or plants is more reprehensible that breaking social rules, "also in the cases in which they think that plants are not living beings." In other words, they are not absolutely sure whether the flower is a living thing; but they think it is much worse to tread on a flower than to slurp your soup or stick your fingers up your nose."

According to Villarroel, that paradox suggests that the awareness towards others is developed at an early age and that the development of moral thought is linked to the affective world, in other words, with what they receive from their parents and educators, and not so much through logic or rationality. "In fact, there are two main approaches that seek to explain the development of moral thought: some believe that it has to do with logical capacity; whereas others link it to the emotions and the affective world. The results I got reinforce the second approach," says Villarroel.

The research has been published in the scientific journal SpringerPlus, under the title "Environmental judgment in early childhood and its relationship with the understanding of the concept of living beings". And Villarroel has announced that he will be pursuing his research in the same direction: "Firstly I am very interested in finding out how children develop environmental awareness through their parents. And secondly, I would like to conduct the same research in other contexts, and also by comparing children from large and small populations, for example." He is also planning to publish another article on the same line of research in the specialised journal Journal of Biological Education.

###

Further details

Jos Domingo Villarroel (Barakaldo, Basque Country, 1967) is a PhD holder in Biology. For several years he was a teacher of science and mathematics in Statutory Secondary Education. He currently lectures and researches at the Teacher Training College in Bilbao (UPV/EHU), in the Department of the Didactics of Mathematics and Experimental Sciences. He has had various scientific papers and books published; most of them deal with the comprehension and learning processes of basic scientific concepts.


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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.


Environmental awareness develops at an early age [ Back to EurekAlert! ] Public release date: 30-Jul-2013
[ | E-mail | Share Share ]

Contact: Aitziber Lasa
a.lasa@elhuyar.com
34-943-363-040
Elhuyar Fundazioa

Researchers at the UPV/EHU-University of the Basque Country, have studied the point at which the capacity to differentiate between living and non-living beings and environmental awareness are developed

Jos Domingo Villarroel, a researcher at the Teacher Training College in Bilbao (UPV/EHU-University of the Basque Country) has studied the capacity to differentiate between living and non-living beings and how this relates to environmental awareness.

118 girls and boys between the ages of 4 and 7 from public primary schools in Plentzia, Urduliz and Sopelana participated in the research and were interviewed by Villarroel himself. He himself says that the work was very laborious, "but enjoyable and what is more, the results were very striking."

Each interview consisted of two parts. The aim of the first was to analyse the capacity of the children to differentiate between living beings and inanimate objects. The children were shown eight photos, of which four were close-ups of living beings (a dog, a bird, a tree and a flower); the other four depicted inanimate objects: the sun, clouds, a car and a motorbike. "When each of the photos was shown to them, they were asked what they could see: a living being or an inanimate object."

The images used in the second part of the interview depicted inappropriate behaviour types and they had all been selected from children's books. These examples of bad behaviour could be classified into three groups: the ones that exert a negative effect on the wellbeing of someone else (taking away someone else's possessions or using violence against one's friends); the ones that do not fit in with social rules (picking one's nose or eating in a messy way); and the ones that harm plants (treading on a flower or carving drawings on a tree trunk using a knife).

Villarroel explains that "in the interview the children were presented with a dilemma; in other words, they were shown two examples of bad behaviour, and they had to choose which of the two was worse. They were presented with two kinds of dilemmas: in one they had to choose between breaking social rules or influencing the wellbeing of others; in the other, to break social rules or harm plants".

Moral thinking and the world of emotions

The researcher felt that the results of the work were interesting. "In the first part the responses were the expected ones. In fact, many children, especially young ones, are not capable of differentiating between living beings and non-living ones; for example, they find it very difficult to understand that a tree is a living being, yet they tend to believe that cars and motorbikes are alive," explains Villarroel. Children appear to relate the fact of being alive with movement.

In the second part, he found the results more striking, because he spotted a 'paradox'. Apparently, children believe that hurting another child or plants is more reprehensible that breaking social rules, "also in the cases in which they think that plants are not living beings." In other words, they are not absolutely sure whether the flower is a living thing; but they think it is much worse to tread on a flower than to slurp your soup or stick your fingers up your nose."

According to Villarroel, that paradox suggests that the awareness towards others is developed at an early age and that the development of moral thought is linked to the affective world, in other words, with what they receive from their parents and educators, and not so much through logic or rationality. "In fact, there are two main approaches that seek to explain the development of moral thought: some believe that it has to do with logical capacity; whereas others link it to the emotions and the affective world. The results I got reinforce the second approach," says Villarroel.

The research has been published in the scientific journal SpringerPlus, under the title "Environmental judgment in early childhood and its relationship with the understanding of the concept of living beings". And Villarroel has announced that he will be pursuing his research in the same direction: "Firstly I am very interested in finding out how children develop environmental awareness through their parents. And secondly, I would like to conduct the same research in other contexts, and also by comparing children from large and small populations, for example." He is also planning to publish another article on the same line of research in the specialised journal Journal of Biological Education.

###

Further details

Jos Domingo Villarroel (Barakaldo, Basque Country, 1967) is a PhD holder in Biology. For several years he was a teacher of science and mathematics in Statutory Secondary Education. He currently lectures and researches at the Teacher Training College in Bilbao (UPV/EHU), in the Department of the Didactics of Mathematics and Experimental Sciences. He has had various scientific papers and books published; most of them deal with the comprehension and learning processes of basic scientific concepts.


[ 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/ef-ead072913.php

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Sirius XM Refinances Debt At Attractive Rates

Sirius XM (SIRI) announced today its intention to borrow $600 million at a rate of 5.70%. The bonds will be sold outside the United Sates, and will be used along with cash on hand to retire higher interest notes which are due in 2015. The notes being retired carry an interest rate of 8.75%. The new notes are due in 2021.

Sirius XM has $800 million tied to the notes due in 2015. The new debt offering will cover the bulk of that, with cash covering the rest. Essentially, the company is removing $171 million in debt and lowering the interest rate on the remaining debt by over 3 basis points.

This news is very positive. It helps improve free cash flow by a lower principle amount in combination with less interest. It is interesting that these bonds were specifically designed for sale outside the United States. It would indicate that the company has some attractive fundamental characteristics that appear attractive to an investor or group of investors.

One thing that the company has expressed is that they want to maintain a debt to EBITDA ratio of 3.5 to 1. Currently, excluding the untapped $1.25 billion credit facility, the company sits at a ratio of just under 3. The potential debt picture, using an assumed EBITDA of $1.37 billion in 2014 and assuming that the credit facility is fully used, the ratio would be just over 3. Essentially, that means there is room to take on more debt if needed. Such debt could be used to increase the share buyback program. The current $2 billion dollar share buyback program has about 3 months left if the pace of buybacks remains the same.

(click to enlarge)Sirius XM Debt Picture

While many people do not consider debt as good, smart debt can be a very effective tool. With the types of rates Sirius XM is garnering these days, this borrowed money is cheap. The next debt issue that will likely be addressed in some manner is the 2014 debt which is often referred to as toxic because the notes can convert into about 273 shares. That is due to happen in 2014. The company has, in the past, offered to take these notes out, but there were few takers. Once the 8.75% notes and the converts are taken out, the highest interest rate notes will be the 7.625% notes due 2018. Certainly the company may get aggressive with those notes as well at some point.

For investors this new bond issue is yet another positive on the fundamental story that is Sirius XM. Combined with a record setting quarter and increasing auto sales, this company is setting up for quarterly reports that are even more impressive than the most recent. Stay Tuned.

Disclosure: I am long SIRI. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

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Source: http://seekingalpha.com/article/1582232-sirius-xm-refinances-debt-at-attractive-rates?source=feed

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Adventurous boy saves the day, finds woman?s $4,000 wedding ring beneath Michigan waterfall

ring28n-3-web

Caden Gersky with $4,000 wedding ring. Credit via Facebook

Thanks to the power of social media and the adventurous spirit of a 12-year-old boy, a woman has reclaimed a $4,000 wedding ring that she had lost hope of finding.

LeLonnie Alexander was vacationing at Lake Huron in northern Michigan when she slipped in the water and her ring flew from her finger as she waved her hands. It ended up somewhere beneath the turbulent Ocqueoc Falls.

She phoned the police and notified the campground. Then, in an act of desperation, she posted her story on Facebook.

WNEM TV 5

This, apparently, caught the eye of Caden Gersky, in Nashville, Tennessee.

His family had planned to visit the same waterfall a few days later, so he devised a plan: bring goggles and snorkel, and locate the treasure.

And to the surprise of just about everyone but Gersky, he found the ring. His family contacted Alexander and they arranged a meeting.

?I go, ?you?re kidding me. Oh my God no, you?re kidding me,?? Alexander told WNEM. ?I get goose bumps because that little boy deserves every bit of praise that he can get.?

She?s quoted by WCRZ as saying, ?My husband and I have been together all our life and [the ring] means eternity to me.?

She gave Caden a $200 reward and has the accompanying image, showing Caden with her ring, as her Facebook profile photo.

One of the comments reads: ?Is that the kid who found your ring? He is a very fine person if he is the one.?

Alexander also announced that she?s going to take whatever steps necessary to make sure the ring stays on her finger.

?This baby?s getting insured and resized,? she said.

Source: http://feedproxy.google.com/~r/GrindTV-Blog/~3/Z85-yWsEQQE/

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Multiple deaths and injuries following explosions at Florida gas plant

At least 10 nightshift workers are feared dead and several injured following a series of explosions at a gas plant in Florida.

The blasts, which were so powerful they blew the roof off, occurred shortly before 11pm (EST) and have continued for more than an hour.

A half-mile evacuation zone was put in place around the Blue Rhino propane-tank business, in Lake County, and roads closed.

Eye-witnesses said they could see flames up to five miles away, with some describing a ?giant fireball? in the sky. Others said the explosions could be heard up to 15 miles away.

Lisa Garner,

Source: http://www.thetimes.co.uk/tto/news/world/americas/article3829305.ece

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Growing uncertainty about breast cancer screening

When they were introduced over 20 years ago, national breast screening programs were a milestone in public health. They were based on evidence from randomised trials that screening saved lives. But there are now serious doubts about what these programs can and have achieved.

The first major challenge came with the Cochrane Collaboration?s review of the benefits and harms of breast cancer screening in 2001.

At that time, publication was delayed while the Cochrane reviewers and authors sorted out their differences. Meanwhile, The Lancet published the review, triggering a heated debate about the value of breast cancer screening that has continued ever since.

The latest update of the review, however, went quietly by.

In 2001, reviewers Peter Gotzsche and Ole Olsen pronounced mammography screening ?unjustified? on the evidence from randomised trials. But an editorial in the same edition of The Lancet challenged their assertion.

It noted that:

Evaluation of the outcome of cancer screening at a national level is very much a long-term proposition.

In the latest update, the summary from all the available randomised trials of mammography screening hasn?t changed much. That?s because, in the intervening decade, the result of only one more trial has been published.

This hasn?t changed the bottom line: taken together, the eight randomised trials found screening reduced breast cancer deaths by about 20%. But the three best-quality trials did not show a significant reduction, even after following up for 13 years.

What is new in this review is a discussion of the evidence about breast screening that?s accumulated from other sources since screening became common practice.

Does breast screening save lives?

First, it?s clear that breast cancer treatment has advanced significantly in the last few decades. A 2012 meta-analysis found that polychemotherapy can reduce breast cancer deaths by about one third, and earlier work demonstrated the benefits of hormone therapy.

A 2012 study assessing the impact of screening in Australia found that advances in treatment (rather than screening) were primarily responsible for the decline in breast cancer deaths seen over the last 20 years.

So it?s plausible that screening isn?t as necessary now as it was back in the 1960s to 1980s, when most of the randomised trials of screening began.

What?s more, there?s a very mixed picture emerging from non-randomised (observational) studies of screening, including screening program evaluations. BreastScreen Australia (established in 1991) reports that the national screening program has reduced breast cancer deaths by between 22% and 30%. It notes that the biggest effects are in areas where participation in screening is greatest.

This is at odds with the Australian study described above. There, researchers found the benefit happened too early (before breast screening was fully implemented) to be attributed to screening, and was greatest among women between the ages of 40 and 49, who have the lowest participation in screening. It was lowest among women aged 60 to 69 years, who have the highest participation in screening.

The Cochrane review outlines a similarly confused picture from international observational studies. Some claim screening has delivered expected declines in breast cancer deaths across Europe, the United Kingdom and the United States.

A US analysis, for instance, estimated that between 28% and 65% of the decline in breast cancer mortality is due to screening with the rest coming from better treatment.

But other studies show that declines in breast cancer death rates have been just as great or greater among women too young for screening, or in areas where screening has been limited or not provided at all. Increased breast cancer awareness ? or hyperawareness ? may also play a part.

If screening works, it must do so by picking up breast cancers earlier so that there should be a drop in the rates of advanced breast cancer, as well as a drop in deaths. But there has been only an 8% decline in the rate of advanced (late stage, or metastatic) cancer in the United States over the last 30 years. This suggests that screening is having, at best, a small effect.

This something is better than nothing, right? Not quite, because breast screening can also cause harm.

How much harm does breast screening cause?

The randomised trials did not adequately measure the harms of breast screening. For the most part, they didn?t measure them at all. But evidence of harm has been steadily accumulating.

The main harm is through over-diagnosis: harmless breast cancers found by screening are treated when without screening they wouldn?t have been found at all.

In contrast to the small decline in advanced cancer rates, early-stage breast cancer rates have doubled over the last 30 years, strongly suggesting over-diagnosis. An estimated 1.3 million US women are thought to have been over-diagnosed due to screening.

The impact on these women?s lives, on the lives of their families and the social and economic effects of over-diagnosis is worth serious consideration.

While the frequency of over-diagnosis is still contested (estimates range from one-and-a-half to ten over-diagnosed cases for every breast cancer death prevented), its existence has been documented in countries including Canada, France, Australia, Norway and Sweden.

Advocates of screening point out that even if some women are over-diagnosed, the side effects of early breast cancer treatment (surgery, radiotherapy, hormone therapy and chemotherapy) are worth it. Better to be safe than sorry.

But evidence of unexpected side effects is also growing. We know now that radiotherapy increases women?s risk of having and dying from heart attacks five to 20 years after treatment. It also increases the risk of lung cancer.

Late effects of radiotherapy are important as most women with breast cancer have radiotherapy, and live for many years after it. It?s especially important in light of over-diagnosis of screened women in their 50s and 60s.

This uncertain picture of breast screening from 20 years of observational (non-randomised) studies isn?t surprising. Observational studies provide only ?silver medal? evidence about the benefit and harms of screening because they are very susceptible to bias.

In particular, they suffer selection bias ? comparing groups of screened and unscreened women who are different in key ways, such as their risk of breast cancer, use of hormone replacement therapy, and lifestyle factors including diet, obesity, reproductive lives and alcohol consumption.

This can lead to misleading conclusions about how many lives are saved by screening and how many cases of over-diagnosis are caused.

Observational studies are also liable to length bias (the tendency of screening to find slow-growing cancers that have excellent prognosis, contributing to over-diagnosis) and lead-time bias (screening finds cancers earlier but may just advance the time of diagnosis rather than prevent death, giving people more ?disease time? but no extra years of life).

These are prone to make screening look more effective than it really is.

This is why both the UK Independent Breast Screening Review Panel and the Cochrane Review continue to rely on the older randomised trials that date back to the 1960s. They may be old, but these randomised trials at least provide evidence with a much lower risk of bias.

What do we do now?

It?s 50 years since the first breast screening randomised trial began, and ten years since the first Cochrane review spoke strongly of screening?s harms.

Evaluation of national breast screening programs has clearly been a long-term proposition but one that has failed to resolve our most important questions: does screening work today? And how much over-diagnosis does it cause?

It?s time to acknowledge the true depth of our uncertainty about both the benefits and the harms of breast cancer screening as it is practiced today.

To resolve these questions, we need to do new randomised trials of modern breast cancer screening. New trials are needed because the practice (the quality of mammographic imaging has improved) and context (breast cancer treatments are so different now) of screening has changed so much that we can?t reliably apply the results of the old trials any more.

And we need to do randomised trials because more than ever we need ?gold medal? evidence ? 20 years of observational studies has proved that observational studies are just not good enough to answer our fundamental questions about modern screening.

The forthcoming expansion of screening to women aged between 70 and 74 is a rare opportunity for Australia to do just this. We may manage to find data that will be valued by the rest of the world.

Source: http://feedproxy.google.com/~r/conversationedu/~3/R5lBc-X9Mgo/growing-uncertainty-about-breast-cancer-screening-15997

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Syrian TV: Troops capture key Homs neighborhood

DAMASCUS, Syria (AP) ? Government troops captured a neighborhood Monday in the embattled city of Homs that has been a rebel stronghold since the beginning of the Syrian uprising, dealing another blow to beleaguered opposition forces in the center of the country, according to the state media.

The Britain-based Syrian Observatory for Human Rights activist group, however, denied that regime forces had seized all of the district of Khaldiyeh, saying there was still scattered fighting in southern areas of the neighborhood.

Syrian TV aired footage from the neighborhood, showing troops roaming deserted streets and waving flags in front of shell-scarred buildings. Two opposition activists in the area who could normally be contacted via Skype were offline Monday.

Government troops launched a sweeping offensive to retake rebel-held areas of Homs, Syria's third-largest city, a month ago. Even if small pockets of resistance remain, the fall of Khaldiyeh to regime troops appeared to be a foregone conclusion, and its capture would be the second major setback to rebels in central Syria in as many months.

In early June, regime forces captured the strategic town of Qusair in Homs province near the border with Lebanon. Troops have also captured the town of Talkalakh, another border town in the province.

The province of Homs is Syria's largest, and runs from the Lebanese frontier in the west all the way to the border with Iraq and Jordan in the east. The city of Homs holds strategic value because it serves as a crossroads: the main highway from Damascus to the north as well as the coastal region, which is a stronghold of President Bashar Assad's Alawite sect, runs through Homs.

Khaldiyeh had a population of about 80,000 but only some 2,000 remain there today as residents fled the violence, activists say. The heavy fighting over the past two years has caused extensive damage, with some buildings reduced to rubble.

In a report on Monday, Syrian state TV said "the Syrian army has restored security and stability in the whole neighborhood of Khaldiyeh in Homs."

A Syrian TV reporter embedded with troops in the area gave a live report standing in front of damaged buildings. He interviewed an army officer who said the troops fought a tough battle against rebels who mined buildings and fought from underground tunnels.

"As of this morning, our armed forces in cooperation with the (pro-government paramilitary) National Defense Forces have taken control of Khaldiyeh and are now cleansing the neighborhood," said the officer, surrounded by about a dozen soldiers and plainclothes security agents.

"The fate of terrorists will be under our feet," he said, claiming that all Homs will be soon "cleansed" of rebels.

The Observatory has said that troops are backed by members of Lebanon's Hezbollah group. Hezbollah, which did not acknowledge whether its members are fighting in Khaldiyeh, played a major role in a battle last month in Qusair, outside Homs, and lost scores of men there.

Observatory director Rami Abdul-Rahman said government troops have captured most of the neighborhood apart from some fighting on its southern areas.

Another opposition activist, who spoke on condition of anonymity because of the sensitivity of the matter, said the battle in Khaldiyeh "is almost over." He acknowledged that troops are almost in full control of the area.

In the northern city of Aleppo, several rebel factions including the al-Qaida-linked Jabhat al-Nusra, or Nusra Front, attacked army posts in two neighborhoods in a an offensive titled "amputating infidels" the Observatory said.

It said rebels captured several buildings in the neighborhoods of Dahret Abed Rabbo and Lairamoun, and that eight government soldiers were killed.

Rebels have been on the offensive in Aleppo province and captured last week the strategic town of Khan el-Assal. Activists and state media said score of troops were killed there after their capture. The Western-backed Syrian National Council condemned the killings.

In the southern region of Quneitra, on the edge of the Israeli-occupied Golan Heights, government troops captured the town of Mashara on Sunday night after intense fighting, the Observatory said.

____

Mroue reported from Beirut

Source: http://news.yahoo.com/syrian-tv-troops-capture-key-homs-neighborhood-085812225.html

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