Wednesday, July 4, 2012

Outstanding science and mathematics teachers receive Presidential Awards

Outstanding science and mathematics teachers receive Presidential Awards [ Back to EurekAlert! ] Public release date: 3-Jul-2012
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Contact: Bobbie Mixon
bmixon@nsf.gov
703-292-8485
National Science Foundation

Awardees meet the Bidens during White House visit

Recipients of the Presidential Awards for Excellence in Mathematics and Science Teaching (PAEMST) came to Washington, D.C., on June 25 for a week of recognition activities and professional development. Highlighting their trip was a visit to the White House, where they met with Vice President Joe Biden and his wife, Jill Biden, a longtime educator. The week's activities also included meetings with Secretary of Education Arne Duncan and National Science Foundation (NSF) Deputy Director Cora B. Marrett. (See the White House blog for additional details and photos.)

On June 28th, the awardees received certificates signed by President Obama at a ceremony at the Ronald Reagan Building and International Trade Center in Washington, D.C.

"America's success in the 21st century depends on our ability to educate our children, give our workers the skills they need and embrace technological change," the President said when announcing the awards last month.

"That starts with the men and women in front of our classrooms. These teachers are the best of the best, and they stand as excellent examples of the kind of leadership we need in order to train the next generation of innovators and help this country get ahead."

PAEMST represents the highest honors bestowed by the U.S. government specifically for K-12 mathematics and science teaching. Awardees serve as models for their colleagues, inspiration to their communities, and leaders in the improvement of mathematics and science education. In addition to the presidential certificate, awardees received a trip for two to Washington, D.C., and a $10,000 award from NSF.

Of the 97 teachers selected for this year's awards (see list below), there are 51 science teachers and 46 mathematics teachers from across the country, including the four U.S. jurisdictions of Washington, D.C., Puerto Rico, Department of Defense Education Activity schools and the U.S. territories as a group. U.S. territories include: American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands.

PAEMST applications are reviewed at the state and national levels by selection committees of outstanding scientists, mathematicians, and educators. Nominees are then sent to the White House Office of Science and Technology Policy (OSTP) and to the President for final selection. Each year the awards alternate between elementary (kindergarten through sixth grade) and secondary (seventh through 12th grade) teachers.

Since the program's inception in 1983, more than 4,200 teachers have received this honor. NSF administers PAEMST on behalf of OSTP. The 2011 Presidential awardees are listed below. For more information, including awardee photos, bios, and quotes, visit the PAEMST website.

By Discipline (Mathematics)

Jaime Abreu Ramos, Puerto Rico
Jennifer Baker, Missouri
Sarah Bax, District of Columbia
Spencer Bean, DoDEA
Beatriz Camacho, US Territories
Stephanie Cronin, Alaska
Suzanne Culbreth, Alabama
Peter DeCraene, Illinois
Karla Digmann, Iowa
Alison Drake, Louisiana
Kathleen Erickson, Massachusetts
Cathy Estes, Vermont
Donna Forbes, Minnesota
David Hartman, Nebraska
Andrea Higdon, Kentucky
Phyllis Hillis, Tennessee
Kentaro Iwasaki, California
Elisabeth Jaffe, New York
Tammy Johnson, Montana
Kathleen Jones, Florida
Gary Mayers, Nevada
John McAllen, III, New Jersey
Angela Miller, Kansas
Ashley Moody, Oklahoma
Carole Morbitzer, Ohio
Stephaine Muckelberg, Arkansas
Brian Nelson, Rhode Island
Matthew Owens, South Carolina
Katie Pemberton, Idaho
Mary Pinkston, Delaware
Neil Reger, West Virginia
Kimberly Riddle, Virginia
Dixie Ross, Texas
Natalie Schneider, Indiana
Katherine Schwang, Pennsylvania
Vivian Shell, Utah
Nathan Shields, Washington
Deborah Snook, South Dakota
Charles Souza, Jr., Hawaii
Michael Tamblyn, Wisconsin
Carol Taylor, Georgia
Karen Thomas, Connecticut
Nancy Trollinger, North Carolina
Jennifer Wilson, Mississippi
Jayne Wingate, Wyoming
Andrea Wiseman, Colorado

By Discipline (Science)

Dean Baird, California
Katherine Baker, US Territories
Robert Becker, Missouri
Gina Bergskaug, New Hampshire
David Bonner, Illinois
Dennis Burkett, Jr., Kansas
Joan Christen, Nebraska
Anna Cole, Louisiana
Jacqueline Curley, Virginia
Chanda Davis, Alabama
Robert Ettinger, Washington
Stephen Fannin, Florida
Tami Fitzgerald, Ohio
Michael Frank, Arizona
Eric Grunden, North Carolina
Amy Hanson, Colorado
Barry Hopkins, Maryland
Tyler Hoxley, Connecticut
Joanna Hubbard, Alaska
James Jordan, Idaho
Michael Kaufmann, Delaware
Joy Killough, Texas
Mary Koike, Oregon
Paul Kuhlman, South Dakota
Ila LaChapelle, North Dakota
James Larson, Utah
Vickie Logan, Arkansas
Judith Martnez, Puerto Rico
David Mather, Rhode Island
Stacy McCormack, Indiana
Angela McDaniel, West Virginia
Jamin McKenzie, Minnesota
Lucy McKone, Mississippi
Rebecca McLelland-Crawley, New Jersey
Elizabeth Mirra, Vermont
Rebecca Morales, Oklahoma
Francesco Neal-Noschese, New York
Donald Pata, Michigan
Kara Pezzi, Wisconsin
Carol Pleninger, Montana
Richard Schmidt, Pennsylvania
Gail Schulte, Tennessee
Julia Segawa, Hawaii
Chad Sharpe, Wyoming
Kelly Stewart, Georgia
Jody Stone, Iowa
Holly Sullivan, South Carolina
Joshua Underwood, Kentucky
Kenneth Vencile, Maine
Naomi Volain, Massachusetts
William Wallace, District of Columbia

###


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Outstanding science and mathematics teachers receive Presidential Awards [ Back to EurekAlert! ] Public release date: 3-Jul-2012
[ | E-mail | Share Share ]

Contact: Bobbie Mixon
bmixon@nsf.gov
703-292-8485
National Science Foundation

Awardees meet the Bidens during White House visit

Recipients of the Presidential Awards for Excellence in Mathematics and Science Teaching (PAEMST) came to Washington, D.C., on June 25 for a week of recognition activities and professional development. Highlighting their trip was a visit to the White House, where they met with Vice President Joe Biden and his wife, Jill Biden, a longtime educator. The week's activities also included meetings with Secretary of Education Arne Duncan and National Science Foundation (NSF) Deputy Director Cora B. Marrett. (See the White House blog for additional details and photos.)

On June 28th, the awardees received certificates signed by President Obama at a ceremony at the Ronald Reagan Building and International Trade Center in Washington, D.C.

"America's success in the 21st century depends on our ability to educate our children, give our workers the skills they need and embrace technological change," the President said when announcing the awards last month.

"That starts with the men and women in front of our classrooms. These teachers are the best of the best, and they stand as excellent examples of the kind of leadership we need in order to train the next generation of innovators and help this country get ahead."

PAEMST represents the highest honors bestowed by the U.S. government specifically for K-12 mathematics and science teaching. Awardees serve as models for their colleagues, inspiration to their communities, and leaders in the improvement of mathematics and science education. In addition to the presidential certificate, awardees received a trip for two to Washington, D.C., and a $10,000 award from NSF.

Of the 97 teachers selected for this year's awards (see list below), there are 51 science teachers and 46 mathematics teachers from across the country, including the four U.S. jurisdictions of Washington, D.C., Puerto Rico, Department of Defense Education Activity schools and the U.S. territories as a group. U.S. territories include: American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and the U.S. Virgin Islands.

PAEMST applications are reviewed at the state and national levels by selection committees of outstanding scientists, mathematicians, and educators. Nominees are then sent to the White House Office of Science and Technology Policy (OSTP) and to the President for final selection. Each year the awards alternate between elementary (kindergarten through sixth grade) and secondary (seventh through 12th grade) teachers.

Since the program's inception in 1983, more than 4,200 teachers have received this honor. NSF administers PAEMST on behalf of OSTP. The 2011 Presidential awardees are listed below. For more information, including awardee photos, bios, and quotes, visit the PAEMST website.

By Discipline (Mathematics)

Jaime Abreu Ramos, Puerto Rico
Jennifer Baker, Missouri
Sarah Bax, District of Columbia
Spencer Bean, DoDEA
Beatriz Camacho, US Territories
Stephanie Cronin, Alaska
Suzanne Culbreth, Alabama
Peter DeCraene, Illinois
Karla Digmann, Iowa
Alison Drake, Louisiana
Kathleen Erickson, Massachusetts
Cathy Estes, Vermont
Donna Forbes, Minnesota
David Hartman, Nebraska
Andrea Higdon, Kentucky
Phyllis Hillis, Tennessee
Kentaro Iwasaki, California
Elisabeth Jaffe, New York
Tammy Johnson, Montana
Kathleen Jones, Florida
Gary Mayers, Nevada
John McAllen, III, New Jersey
Angela Miller, Kansas
Ashley Moody, Oklahoma
Carole Morbitzer, Ohio
Stephaine Muckelberg, Arkansas
Brian Nelson, Rhode Island
Matthew Owens, South Carolina
Katie Pemberton, Idaho
Mary Pinkston, Delaware
Neil Reger, West Virginia
Kimberly Riddle, Virginia
Dixie Ross, Texas
Natalie Schneider, Indiana
Katherine Schwang, Pennsylvania
Vivian Shell, Utah
Nathan Shields, Washington
Deborah Snook, South Dakota
Charles Souza, Jr., Hawaii
Michael Tamblyn, Wisconsin
Carol Taylor, Georgia
Karen Thomas, Connecticut
Nancy Trollinger, North Carolina
Jennifer Wilson, Mississippi
Jayne Wingate, Wyoming
Andrea Wiseman, Colorado

By Discipline (Science)

Dean Baird, California
Katherine Baker, US Territories
Robert Becker, Missouri
Gina Bergskaug, New Hampshire
David Bonner, Illinois
Dennis Burkett, Jr., Kansas
Joan Christen, Nebraska
Anna Cole, Louisiana
Jacqueline Curley, Virginia
Chanda Davis, Alabama
Robert Ettinger, Washington
Stephen Fannin, Florida
Tami Fitzgerald, Ohio
Michael Frank, Arizona
Eric Grunden, North Carolina
Amy Hanson, Colorado
Barry Hopkins, Maryland
Tyler Hoxley, Connecticut
Joanna Hubbard, Alaska
James Jordan, Idaho
Michael Kaufmann, Delaware
Joy Killough, Texas
Mary Koike, Oregon
Paul Kuhlman, South Dakota
Ila LaChapelle, North Dakota
James Larson, Utah
Vickie Logan, Arkansas
Judith Martnez, Puerto Rico
David Mather, Rhode Island
Stacy McCormack, Indiana
Angela McDaniel, West Virginia
Jamin McKenzie, Minnesota
Lucy McKone, Mississippi
Rebecca McLelland-Crawley, New Jersey
Elizabeth Mirra, Vermont
Rebecca Morales, Oklahoma
Francesco Neal-Noschese, New York
Donald Pata, Michigan
Kara Pezzi, Wisconsin
Carol Pleninger, Montana
Richard Schmidt, Pennsylvania
Gail Schulte, Tennessee
Julia Segawa, Hawaii
Chad Sharpe, Wyoming
Kelly Stewart, Georgia
Jody Stone, Iowa
Holly Sullivan, South Carolina
Joshua Underwood, Kentucky
Kenneth Vencile, Maine
Naomi Volain, Massachusetts
William Wallace, District of Columbia

###


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Source: http://www.eurekalert.org/pub_releases/2012-07/nsf-osa070312.php

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Tuesday, July 3, 2012

Allo, Spork here.

Well hey there, Spork! :D Nice to meet you. M'name's Sato, a longtime member around these parts, and I am pleased as punch to welcome you to RolePlayGateway!

We are indeed a massive, active community of writers, role-players, and creative-minded folks. Don't be afraid to dive right in, for the most part we're a friendly bunch who just want to tell stories. (:

If you have any questions about anything at all as you get started, please don't hesitate to ask. I'm almost always around to answer questions, and if I can't tell you something, then I can direct you to someone who will.

First off, I invite you to check out the RPG Rules (there are only five of them, don't worry!) which you can see from "Our Rules" at the top of the page, there. That should let you know the standards that we hold ourselves to, as a community.

Also, to get started and meet people, dive into the Community section of the website to get to know the folks that you'll likely be telling stories with! Our Forum Games section is a great place to get to know everyone and and get you first ten forum posts ready to go. The Creative Realm, too, is a place to just shoot the breeze.

So yeah. If I can do anything for you, please let me know. Till then, ta-ta, and good luck!

-VV

Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/yAUbezX-6pA/viewtopic.php

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Prandelli may reconsider position as Italy coach

Associated Press Sports

updated 1:50 p.m. ET July 2, 2012

KRAKOW, Poland (AP) -Cesare Prandelli said Monday he may reconsider his decision to stay on as Italy coach if he is not given more time with his players.

Prandelli had said after Italy's 4-0 loss to Spain in the European Championship final on Sunday that he would remain at the helm. But a day later, he said "I respect the federation and everyone who wants to do something, like us. If the problems aren't solved in six months, if I have to coach a squad only twice in eight months, I will reflect on things.

"I decided to stay because I saw there is a common desire to change. I met with the federation and they made me certain of that. They told me they wanted to continue on this road."

Prandelli was upset that Italian clubs did not allow him to hold any mini-training camps with his squad during the season but he has been assured that Serie A teams will be reminded of the national team's importance.

Italy's next match is an Aug. 15 friendly against England, which comes four days after the Italian Super Cup between Juventus and Napoli in Beijing.

"We want to involve all the different parties," Prandelli said. "If we play on Aug. 15 against England, when will the Italian Super Cup be played? Aug. 12 ... Where will they play? In Beijing. People need to be sensitive to the national team's needs, no one cares at all about the Azzurri and then everyone's a patriot only during a tournament."

Prandelli is keen for Italy to learn lessons from Spain, which completed an unprecedented hat-trick of two continental titles and a World Cup.

"We have to change," he said. "We played a team that has been working with consistency on a project. It's a shame we didn't face Spain with a couple more days' rest, that's the only slight regret. But we have to recognize their superiority and their ability for consistency.

"I want to see that we want to change, and it has to be a long term change. Winning the Euros would have been good, but it would have shaken the equilibrium. Maybe we're not yet ready: when we will be, we will win again and again, with consistency and without ups and downs."

Prandelli said that this change will only come about if the federation works with the league and the clubs.

"We have to find and evaluate players who have the potential to take over from lads such as (Andrea) Pirlo, even though I hope he plays another two years with us," Prandelli said. "We need someone near him who can be ready, but if he doesn't play European football how can he grow?

"We want to work with the clubs, we don't want to change their plans, we want to check how the lads are progressing every two months or so. If I have just three training session every eight months, I don't know if I'm up to it. I'm a hands-on coach, someone who works on the pitch, I would need to take Italy forward by working like that, in this way."

? 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


advertisement

More newsReuters
A 3-week show of prudent play

PST: Spain's run to the Euro title might not have been as sexy as we would have liked, but the manner in which this club just made history really deserves proper recognition.

Source: http://nbcsports.msnbc.com/id/45685881/ns/sports-soccer/

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Kristen Stewart Debuts Balenciaga Ad Campaign


In January, Kristen Stewart was named the spokesperson of Balenciaga. And now The Twilight Saga star has posed for her first campaign on behalf of this fragrance company.

She looks as happy as usual on the poster, too:

Kristen Stewart Balenciaga Ad

Photographer Steven Meisel shot the photo, which Stewart endorsed during a recent chat with Women's Wear Daily.

“There is something natural about it,” Kristen said of the pose and set-up. “It’s very alive. I think that as a young person wearing it - considering that I’ve never worn a scent - it kind of puts you on this level of, like, ‘Whoa, check me out.’”

The scent promoted here, Florabotanica, combines mint, vetiver and amber. Robert Pattinson is likely taking a whiff of it right about now.

Source: http://www.thehollywoodgossip.com/2012/07/kristen-stewart-debuts-balenciaga-ad-campaign/

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BUSM in vitro study identifies potential combination therapy for breast cancer

BUSM in vitro study identifies potential combination therapy for breast cancer [ Back to EurekAlert! ] Public release date: 2-Jul-2012
[ | E-mail | Share Share ]

Contact: Jenny Eriksen Leary
jenny.eriksen@bmc.org
617-638-6841
Boston University Medical Center

(Boston) A study conducted at Boston University School of Medicine (BUSM) demonstrates an effective combination therapy for breast cancer cells in vitro. The findings, published in the July 2012 issue of Anticancer Research, raise the possibility of using this type of combination therapy for different forms of breast cancer, including those that develop resistance to chemotherapy and other treatments.

The study was led by researchers at the Boston University Cancer Center. Sibaji Sarkar, PhD, adjunct instructor of medicine at BUSM, is the study's corresponding author.

According to the Centers for Disease Control and Prevention, breast cancer is the most common cancer among women in the United States aside from non-melanoma skin cancer. Breast cancer also is one of the leading causes of cancer death among women of all races and Hispanic origin populations.

Triple negative breast cancer, which accounts for approximately 14 to 20 percent of all breast cancer cases, is a type of the disease that occurs when the cancer cells lack hormone receptors, including the receptor called HER-2, and typically will not respond to hormone and herceptin-based therapies. Triple negative breast cancer occurs more often in African-American women and is considered to be a more aggressive form of the disease with higher rates of recurrence and mortality than other forms of breast cancer.

"Cancer is like a car without brakes. Cell growth speeds up and it doesn't stop," said Sarkar. "When expressed, tumor suppressor genes, which work in a protective way to limit tumor growth, function as the brakes. They are not expressed in most cancers, causing the cancer to grow and potentially metastasize."

A major focus in the area of anti-cancer drug development is to find a way to re-express tumor suppressor genes so that they can help inhibit cancer cell growth. Some tumor suppressor genes are imprinted, meaning that from the two genes inherited from the mother and father, only one of the genes is functional. In cancer, both imprinted tumor suppressor genes may become non-functional and unable to stop tumor growth.

The researchers tested, in vitro, a combination therapy of an epigenetic drug with a protease inhibitor on breast cancer cell lines that are hormone responsive and breast cancer lines, like triple negative, that are not hormone responsive. They utilized histone deacetylases inhibitors (HDACi) and calpeptin, which inhibits calpain, a protein involved in the regulation of signaling proteins. Calpain inhibition is being studied as a potential treatment model for blood clots and other neurological diseases.

In this study, they found that the combination therapy both inhibited cell growth and increased cell death in both cancer cell lines by inducing cell cycle arrest and cell death. However, the mechanism of how the combination therapy stops the cells from growing was different. Cells in the hormone responsive line stopped the cell cycle in an earlier phase compared to the non-hormone responsive cells. In the triple negative breast cancer cell line, the inhibitors allowed an imprinted tumor suppressing gene, ARHI, to re-express, which helped stop the growth of the cancer cells and led to cancer cell death.

"The study data demonstrates that HDACi's bring back the brakes of the car, halting cell growth and promoting cell death," added Sarkar, who also is a faculty member at the Genome Science Institute at Boston University. "These results provide a model to investigate the re-expression of tumor suppressor genes, including imprinted genes, in many forms of breast cancer."

This study needs further investigation but raises the possibility of using this type of combination therapy for diverse types of breast cancers including those that are hormone refractory and develop drug resistance to conventional chemotherapy.

###

This study was funded by the American Cancer Society.


[ 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.


BUSM in vitro study identifies potential combination therapy for breast cancer [ Back to EurekAlert! ] Public release date: 2-Jul-2012
[ | E-mail | Share Share ]

Contact: Jenny Eriksen Leary
jenny.eriksen@bmc.org
617-638-6841
Boston University Medical Center

(Boston) A study conducted at Boston University School of Medicine (BUSM) demonstrates an effective combination therapy for breast cancer cells in vitro. The findings, published in the July 2012 issue of Anticancer Research, raise the possibility of using this type of combination therapy for different forms of breast cancer, including those that develop resistance to chemotherapy and other treatments.

The study was led by researchers at the Boston University Cancer Center. Sibaji Sarkar, PhD, adjunct instructor of medicine at BUSM, is the study's corresponding author.

According to the Centers for Disease Control and Prevention, breast cancer is the most common cancer among women in the United States aside from non-melanoma skin cancer. Breast cancer also is one of the leading causes of cancer death among women of all races and Hispanic origin populations.

Triple negative breast cancer, which accounts for approximately 14 to 20 percent of all breast cancer cases, is a type of the disease that occurs when the cancer cells lack hormone receptors, including the receptor called HER-2, and typically will not respond to hormone and herceptin-based therapies. Triple negative breast cancer occurs more often in African-American women and is considered to be a more aggressive form of the disease with higher rates of recurrence and mortality than other forms of breast cancer.

"Cancer is like a car without brakes. Cell growth speeds up and it doesn't stop," said Sarkar. "When expressed, tumor suppressor genes, which work in a protective way to limit tumor growth, function as the brakes. They are not expressed in most cancers, causing the cancer to grow and potentially metastasize."

A major focus in the area of anti-cancer drug development is to find a way to re-express tumor suppressor genes so that they can help inhibit cancer cell growth. Some tumor suppressor genes are imprinted, meaning that from the two genes inherited from the mother and father, only one of the genes is functional. In cancer, both imprinted tumor suppressor genes may become non-functional and unable to stop tumor growth.

The researchers tested, in vitro, a combination therapy of an epigenetic drug with a protease inhibitor on breast cancer cell lines that are hormone responsive and breast cancer lines, like triple negative, that are not hormone responsive. They utilized histone deacetylases inhibitors (HDACi) and calpeptin, which inhibits calpain, a protein involved in the regulation of signaling proteins. Calpain inhibition is being studied as a potential treatment model for blood clots and other neurological diseases.

In this study, they found that the combination therapy both inhibited cell growth and increased cell death in both cancer cell lines by inducing cell cycle arrest and cell death. However, the mechanism of how the combination therapy stops the cells from growing was different. Cells in the hormone responsive line stopped the cell cycle in an earlier phase compared to the non-hormone responsive cells. In the triple negative breast cancer cell line, the inhibitors allowed an imprinted tumor suppressing gene, ARHI, to re-express, which helped stop the growth of the cancer cells and led to cancer cell death.

"The study data demonstrates that HDACi's bring back the brakes of the car, halting cell growth and promoting cell death," added Sarkar, who also is a faculty member at the Genome Science Institute at Boston University. "These results provide a model to investigate the re-expression of tumor suppressor genes, including imprinted genes, in many forms of breast cancer."

This study needs further investigation but raises the possibility of using this type of combination therapy for diverse types of breast cancers including those that are hormone refractory and develop drug resistance to conventional chemotherapy.

###

This study was funded by the American Cancer Society.


[ 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/2012-07/bumc-biv070212.php

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Markets remain buoyed by euro summit deal

People walk past a digital display of Tokyo stock prices at a securities firm in Tokyo Monday, July 2, 2012. Asian stock markets inched higher Monday amid continued optimism over Europe's moves to ease its debt crisis and economic malaise. (AP Photo/Koji Sasahara)

People walk past a digital display of Tokyo stock prices at a securities firm in Tokyo Monday, July 2, 2012. Asian stock markets inched higher Monday amid continued optimism over Europe's moves to ease its debt crisis and economic malaise. (AP Photo/Koji Sasahara)

A man waits to cross a road as others watch a digital display of global stock indexes outside a securities firm in Tokyo Monday, July 2, 2012. Asian stock markets inched higher Monday amid continued optimism over Europe's moves to ease its debt crisis and economic malaise. (AP Photo/Koji Sasahara)

(AP) ? Markets made further gains Monday as investors continued to cheer Europe's latest efforts to deal with a debt crisis that has clouded the outlook for the global economy.

Last Friday, the eurozone leaders agreed a set of measures to alleviate the financial crisis, including the establishment of a banking union and changes to the way the bailout fund operates.

Investors cheered the measures, which they concluded reduced the risk that Italy and Spain, which have the eurozone's third and fourth largest economies, would need a sovereign bailout.

"For now at least sentiment remains positive, and this eurozone-inspired rally has certainly proved more sustainable than any other we have experienced so far," said David Jones, chief market strategist at IG Index.

Gains were limited somewhat by recognition that the measures do not solve many of the euro's longer-term debt problems and Europe's economic problems remain huge. Unemployment in the eurozone hit 11.1 percent in May, the highest since the euro began in 1999.

Elsewhere, signs that China's economy is slowing also helped cool of the stock rally.

In Europe, the FTSE 100 index of leading British shares was up 0.5 percent at 5,599 while the CAC-40 in France rose 0.9 percent to 3,225. Germany's DAX was 0.8 percent higher at 6,470.

The euro, however, gave up some of Friday's big gains ? it was 0.3 percent lower at $1.2626. Oil prices gave up some of Friday's $7 gains. Benchmark crude for August delivery was down $1.42 a barrel at $83.54.

Wall Street was poised for steady opening with both Dow futures and the broader S&P 500 futures up 0.1 percent. Trading volume in the U.S. is expected to be light this week ahead of Wednesday's Independence Day, but is likely to pick up in the run-up to Friday's monthly nonfarm payrolls data, which often set the market tone for a week or two after their release.

"Many market participants may choose to extend their holiday by taking off either the first or last few days of this week," said David Morrison, senior market strategist at GFT Markets. "With payrolls coming out on Friday, it seems more likely that traders would prefer to miss the first half of the week, but overall volumes could be light."

As well as the payrolls figures for June, investors will look forward to policy decisions from the European Central Bank and the Bank of England later in the week. The ECB is widely tipped to cut its main interest rate to a record low from its current 1 percent to help the ailing eurozone economy, while the Bank of England could back another monetary stimulus to get the British economy growing again.

Earlier in Asia, sentiment was dented by signs that the Chinese economy, the world's second-largest, continues to slow. Chinese industrial production fell to a seven-month low in June, according to HSBC's purchasing managers index survey.

China's Shanghai Composite index increased less than 0.1 percent to 2,226.11. But Japan's Nikkei 225 index fell less than 0.1 percent to 9,003.48 and South Korea's Kospi slipped 0.1 percent to 1,851.65. Markets in Hong Kong were closed Monday to commemorate the hand-over of the territory to China in 1997.

____

Alex Kennedy in Singapore contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-07-02-World%20Markets/id-08a904fa178c4c31a62f7df1bb6f117d

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Space launch: One small step for China, one giant opportunity for investors

As China prepares to launch its first manned space flight in four years, Chinese stock prices are going up.?

By Peter Ford,?Staff writer / June 14, 2012

People watch the Long March-2F rocket carrying the Shenzhou-9 spacecraft as it moves to the launch pad at the Jiuquan launch center in Jiuquan, China's northwest Gansu province, June 9.

AP

Enlarge

For the Chinese government, this weekend?s space shot ? the country?s first manned space flight for nearly four years ? is a matter of national pride.

Skip to next paragraph Peter Ford

Beijing Bureau Chief

Peter Ford is The Christian Science Monitor?s Beijing Bureau Chief. He covers news and features throughout China and also makes reporting trips to Japan and the Korean peninsula.

Recent posts

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For some canny Chinese stock pickers, however, it is a chance to make money.

The Shenzhou 9 mission, due to take off on Saturday, will send three ?taikonauts,? one of them a woman, to dock for the first time with China?s orbiting space lab. The maneuver will mark a major step toward Beijing?s goal of building its own space station.

Back on Earth, meanwhile, the flurry of publicity surrounding the launch has done wonders for the stock prices of Chinese state-owned firms in the space sector. One of them has seen the value of its shares jump 16 percent since the mission was announced Saturday.

The Chinese government and the companies it controls are generally tight-lipped about the space program, releasing information to the public only at high points such as rocket launches. ?Shares go up because they are stimulated by the news,? says Li Qin, an aerospace analyst at China Investment Securities in Beijing.

At the same time, adds Mr. Li, launches are evidence of progress in China?s space sector, ?which sparks market expectations of the sector, so speculative investors jump in.?

The last time China launched a rocket in its space lab program, last year, space sector stocks bucked a falling market to rise by about 10 percent, Li recalls. They have risen by the same amount over the past four days, he says, led by Shaanxi Aerospace Power, a manufacturer of rocket parts, whose shares have leaped 16 percent.

Last year, though, as soon as the Shenzhou 8 rocket had docked with the space lab and interest in its journey faded, the stock prices fell back to their previous levels, Li says, and he expects the same thing to happen this time.

?You could make money if you?d bought space sector stocks on Monday,? he says. ?But you?d have to be careful to sell them before the rocket is launched.?

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/6LC5huhFznQ/Space-launch-One-small-step-for-China-one-giant-opportunity-for-investors

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