Monday, October 29, 2012

Tuesday, October 16, 2012

Charles Schwab to buy ThomasPartners

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Comprehensive Survival Food List & Storage Guide | USAHM ...

Rady Ananda
Activist Post

Survival food storage practice doesn?t require Mormon membership, but the tradition, wrought from their first Utah winter, is worth emulating should disaster strike or technology fail, two survival books by Mat Stein. This guide, Part 2 of my survival series, relies on Stein?s books, and websites dedicated to survival preparedness.

At its most basic, food storage wisdom demands that you buy what you eat, and organize and label the boxes or bins with contents and date. Stocks should be rotated based on shelf-life longevity. Using Stein?s general guide, when properly packaged and stored, various foods last several months, years or decades, as follows:

10 years or longer: Honey, sugar, salt, soy sauce, apple cider vinegar, black pepper, Worcestershire sauce and wheat berries.

5-10 years: Most dried legumes and whole grains, dehydrated cheese, instant or vacuum-packed coffee, baking powder, powdered eggs and frozen butter.

Up to 5 years: Processed (partially hydrogenated) liquid vegetable oils, Crisco shortening, cornmeal and corn flour, and nonfat powdered milk.

2-3 years: Bullion cubes, cornstarch, white rice, powdered gelatin, white wheat flour, white flour pasta, tapioca, textured vegetable protein, hydrogenated peanut butter, catsup, canned salmon and sardines, most dried fruits, and most other canned foods except meats, some fish and fruits, as well as sprouting seeds (alfalfa, mung, soybean, wheat, etc.).

Up to 18 months: Canned meats and seafood (halibut, mackerel, tuna and shrimp), unshelled raw nuts, dry active yeast, bagged snack chips, cake mixes, dry pudding, herbal and black teas, bottled juices, most seasonings and extracts, jams and jellies, canned non-citrus fruits (blackberries, blueberries, cherries, pears, peaches, plums, etc.), cranberry sauce, pickles, canned rhubarb, and sauerkraut.

One year: Canned nuts, breakfast cereals, rolled oats, bottled dressings, mayonnaise, natural liquid vegetable oils, candy bars, bottled juices (grapefruit, pineapple, apricot, orange), canned citrus fruits and natural nut berries.

Six months: Most boxed food, fresh potatoes, granola, shelled raw nuts, and unshelled roasted nuts.

Studies by the Brigham Young University Dept. of Nutrition, Dietetics and Food Science observes that proper packaging, storage methods and temperatures should yield the following storage capacities:

30 years or more: Whole grain wheat and white rice that has been packaged to remove oxygen and stored at room temperature or cooler.

Up to 30 years: beans, dried apples, macaroni, potato flakes and oats.

20-30 years: freeze-dried foods.

Up to 20 years: properly stored nonfat dried milk.

Baking powder will store for ?many years? and baking soda will keep indefinitely. Most food stores longer under cool, dry and dark conditions.

Either of Stein?s books is worth owning for the section on root cellars and other cold storage (above- and below-ground), which is accompanied by detailed diagrams and tips, depending on the environment.

Of note, compromised cans should be avoided. Don?t waste money on dented cans, and never eat from cans that bulge, leak or spit at you when opened. Most US canaries use BPA, a ?known endocrine disruptor that affects hormones and could be causing breast and prostate cancer, heart disease, brain retardation, impotence and infertility.? BPA-free cans are available.

Modern Survival Blog recommends clear, see-through bins to keep track of what you have, given that most folks need to see what the have to avoid over-buying one staple and not enough of others. They also recommend a variety of survival foods including bulk, ready-to-eat, dehydrated and freeze-dried foods.

Stein also provides a chart for using dry ice fumigation to protect against pests, and spends considerable time discussing the various packaging methods, most of which can be done in the home.

MREs

?Meals ready to eat? are ideal when you have no stove and little or no water, or if you?re on the move.

After Hurricane Isaac, camouflaged men with no identifying insignia passed out boxes of food made by Sopakco. These MREs come fully prepared and include a magnesium heater bag for the main course, with each side dish individually wrapped ? scissors not included, but needed. Only the powdered beverage requires water.

One full meal packet provides 1,200 to 1,300 calories, so you?d need to eat two or three a day to maintain your weight, depending on how many calories you?re burning through.

The meals are varied and palatable, even though stuffed with unpronounceable chemicals and genetically modified organisms (GMO). But, remember, this is emergency food ? not food on which humans thrive. Each meal comes with crackers or bread, cheese and peanut butter, a powdered drink, and the main course which could be imitation boneless pork rib, grilled beef patty, sloppy Joe, chili and macaroni, vegetarian ratatouille or beef ravioli in meat sauce.

The box comes with 14 meals (a 7-day supply for me), which you can buy online for about $70, and the whole thing weighs under 20 pounds. It?s got an 8-year shelf life (if stored between 33 and 50 degrees F; otherwise as low as one-month if stored at 120 degrees).

The heater bag is an MRE?s best feature. Patent No. 5611329 by TrueTech, Inc. uses pulverized magnesium, food-grade iron and sodium which, when combined with a tiny amount of water, reacts to produce scalding heat. According to one site, these heater bags have a 5-year shelf life, and pose not only burn risk, but also risk of explosion as they release hydrogen gas during the reaction. So keep the bag away from spark or flame when ?cooking? your meal.

Dehydrated Food

A 14-pound bucket of Augason Farms dehydrated food costs $65, and provides over 2,000 calories a day for twelve days. Budget-wise, this is a much better deal than a box of MREs. The reusable plastic bucket with a watertight lid, and the 25-year shelf life, make this kit a superior choice if you?re not on the run, and you have measuring cups, pans, a stove and water.

Eight varieties of food are included, each in its own resealable pouch. Scissors not needed. However, not all the mylar bags were labeled, which only adds to the stress of having to eat emergency food. On the plus side, the federal food stamps program (now called SNAP) does cover the purchase.

While these foods are also preserved with chemicals and GMOs, Augason does not add hydrogenated oils, trans fats or MSG. The food is nitrogen flushed and packed with oxygen absorbers.

All the food is pretty tasty, and the brown sugar oatmeal was so delish that I added a fresh container of rolled oats to my diet. The cheesy broccoli rice dish only has wisps of broccoli, so I simply mixed it with the beef-flavored vegetarian meat substitute. Sounds gross, I know, but damn it tastes good, just like you?d expect a Whopper? to be deliciously deadly.

Organics and Seeds

Northbay Trading sells organic survivor food, but for many the cost is prohibitive. Mat Stein recommends storing and rotating sproutable seeds and provides a how-to section.

Most seeds will sprout in 2-5 days, but be aware that non-organic potatoes and tomato sprouts are poisonous, having been treated with fungicide. Stein recommends 20-50 pounds of sprouting seeds and supplies for a one-year supply for an adult male.

?Grains and legumes are probably the most compact and inexpensive type of food that can be stored for emergency preparedness,? he writes, noting that, ?most nutritious in their raw form, sprouts can be saut?ed, stir-fried, boiled or cooked into almost any dish,? providing ?a source of garden-fresh veggies any time of the year.?

Ten Staples and Water

Activist Post recommends these ten foods available at your local grocer: rice, beans, cornmeal, lard, salt, white and brown sugar, and canned meat, fruit and veggies. Buy a healthy supply of each that you can rotate over time.

Survival food storage can?t be fully discussed without mentioning water. The bare minimum is a gallon a day per person, and double to triple that if you?re relying on dehydrated foods. Ure and Levy provide an in-depth discussion of water storage HERE. Take note, though, that most plastic jugs in the US contain BPA (like canned foods), so be sure to buy BPA-free jugs.

Some preppers lay in food stocks that will cover them for a year or more and with today?s food technologies, this is entirely possible and easily doable. I?d also recommend not storing all your eggs in one basket; in other words, store your food and water in different places to avoid losing everything in one disaster that affects that room.

Rady Ananda?s?work has appeared in several online and print publications, including four books. She holds a B.S. in Natural Resources from The Ohio State University?s School of Agriculture (2003). She is LinkedIn and tweets her own work from @RadysRant; while tweeting both hers and others? from @geobear7. Support independent media by donating here.

Read other reports by Rady Ananda HERE.

Posted: 3 minutes ago

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Source: http://usahitman.com/csflsg/

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Order Management Startup Lettuce Raises $2.1 Million From ...

Small and medium-sized businesses that sell goods online and off have a problem ? there are few tools out there to seamlessly connect order processing and inventory management. Instead, they?re forced to use multiple applications for accounting, inventory, payment processing, and fulfillment. Los Angeles-based Lettuce hopes to solve that problem, with an intuitive platform for managing orders and inventory.

Lettuce?s web-based platform provides the connective tissue between capturing orders, managing inventory, accounting for sales, processing payments, and order fulfillment. Rather than manually entering information into all these disparate systems, businesses can use Lettuce to manage all those pieces of its business from one online dashboard. In addition, Lettuce has created an iPad application to capture orders from sales reps on the go.

As a SaaS-based system, Lettuce charges businesses monthly for access to its platform. It currently charges $59 a month, with each additional user costing $25 more, but it?s opening two new tiers of service. One will be a no-frills option for $29 that gives users the ability to use its iPad app for capturing orders but not much else. The other is a $119 per month and includes CRM and e-commerce integration, as well as the ability to serve wholesale customers as well.

According to Raad Mobrem, CEO of Lettuce, the company was founded after he had to deal with this problem himself. His former company, Durable Ideas, had a problem keeping up with orders and fulfilling them as they were coming in. He investigated different systems such as Netsuite and SAP but found them too complicated and expensive for small businesses. So he built his own platform, integrating with systems used by small businesses such as Quickbooks, Salesforce, Shopify, Magento, Stripe, Fedex, and UPS.

Since launching about a month and a half ago, Lettuce has processed more than $2 million in orders. But it?s looking to expand pretty quickly. To make its platform more widely available, Lettuce has raised a $2.1 seed round from investors such as Crosscut Ventures, 500 Startups, Launchpad LA, Baroda Ventures, Zelkova Ventures, Double M Capital, and others.

It?s not the only startup going after this space: There?s also San Francisco-based Stitch Labs, which has its own inventory- and order-management system for small and medium-sized businesses. But SMBs are a huge market, so I?m sure there?s more than enough business to go around.

Source: http://techcrunch.com/2012/10/15/lettuce-2-1-million/

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Monday, October 15, 2012

Diamonds Are Forever, But Is It Love at First Sight or First Website ...

Blue Nile Rival Opens Technology Office in Seattle to Launch New ?See in Store? Service

A startup named Ritani,?run by former Blue Nile, WetPaint and Nordstrom?business executive Brian Watkins is challenging the assumption that expensive jewelry can be comfortably purchased online, sight unseen. ?When Watkins worked at Blue Nile he advocated that a diamond engagement ring could be purchased without touching or seeing it up close. ?That personal opinion has?since changed. Now the Ex-pat believes buyers should see the stone before making such a major purchase.

Can ?Click and Mortar? challenge ?Bing, Bling and Click???New York-based Ritani has no stores of its own, so the ultimate, bejeweled marketing?question is pivotal! ?Will teaming up with offline ?jewelry stores to showcase the gems suddenly outdo a rival like Blue Nile, the largest?online seller of diamond engagement rings?

Seattle will be a research hub for this penultimate diamond ?Taste Test? and may hand down a verdict that reverberates across the Internet jewelry market ?worldwide. The Ritani?website will introduce a ?see in store? option at no extra cost to customers in seven markets, testing Watkins? belief that while most engaged couples begin their search for a ring?online, many still prefer buying in person.

?There?s a real desire to shop online but then use their local retailer as a trusted adviser,? opines Watkins.?By joining with local jewelers, Watkins said, Ritani aims to drive Internet traffic to offline retailers, rather than the other way around.

Customers will be able to choose two loose diamonds or two engagement rings for delivery to the nearest affiliate store for a close-up view. Ritani and its retail partners will split a?portion of the proceeds from any resulting sales, regardless of whether customers complete their purchases online or in the store.

Founded in 1999, Ritani supplies engagement rings and loose diamonds to nearly 400 jewelry stores in the U.S. and Canada. Last January, it established an e-commerce office?across from Pike Place Market in downtown Seattle, where some 20 employees have been working under the name ECX to avoid attention.

Until now, Ritani used the Internet merely as a marketing tool to support its jewelry wholesale business. It has received $15 million in new funding from the ?venture capital arm of?New York-based Cantor Fitzgerald.

Watkins? business background is Seattle evergreen. ?It includes two years at digital media startup Wet Paint, and a stint at Seattle-based Nordstrom, where he worked on ways to?better integrate online and offline retail.

?You can only go so far as a pure-play online retailer. The data shows that this is where we?re all going to land ? with a seamless, omni-channel shopping approach.?

Indeed, Seattle-based Amazon.com, the world?s largest Internet retailer, is crossing over to the bricks-and-mortar world, testing same-day delivery in 10 major markets and self-serve?pickup stations at 7-Eleven stores.

Ritani will launch ?see in store? with six retail partners representing 30 locations in California, Florida, Georgia, New York, North Carolina, Texas and Virginia. [24x7]

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Category: What's Brewing?

Source: http://www.seattle24x7.com/community/whats-brewing/2012/10/15/diamonds-are-forever-but-is-it-love-at-first-sight-or-first-website/

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Why Startups Are Helping The Economy More Than You Think

nick-elli-not-stackedEditor's note: Nick Sedlet and Elli Sharef are co-founders of HireArt (YC W?12), a platform connecting job-seekers with employers. Do tech start-ups create or destroy jobs??There is an obvious answer: they do both. In the wake of the most recent?jobs report,?it has become suddenly fashionable to accuse startups of hindering employment growth.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/7eo3U36IWls/

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Obama embraces economic record in new commercial

WILLIAMSBURG, Va. (AP) ? With the economy showing some signs of improvement three weeks before Election Day, President Barack Obama on Monday laid down a full embrace of the economic record many Republicans say is his biggest weakness.

The president's first act in this critical campaign week was to announce a new battleground state advertisement featuring voters discussing the ways their economic conditions have improved during his term. The ad was hitting the airwaves as Obama and Republican challenger Mitt Romney huddled in intense preparation for their second debate as polls show a closely fought campaign.

"This race is tied," Obama said in an appeal to supporters asking them to donate at least $5 to his re-election effort. He promised to be "fighting" for the election on the debate stage Tuesday night ? something many of his supporters thought he did too little of in his first face-off with Romney.

Early voting is under way in dozens of states, giving the candidates little chance to recover from any slip-ups that come in these final days. Obama has been trying to get his supporters to lock in their choice now, and his campaign announced Monday that he and his wife, Michelle, would become the first president and first lady to cast their ballots early.

Obama planned to vote early during a visit to his home state of Illinois next week, while Michelle Obama told a rally in Delaware, Ohio, that she dropped her absentee ballot in the mail Monday. "For me, it was Election Day," she said.

Even as polls show the race tightening nationally and in battleground states, Obama's campaign aides say they are encouraged by public and private surveys showing voters growing more confident about the direction of the economy. Those trends are behind the new 30-second spot the campaign is running in Colorado, Iowa, Nevada and Virginia.

"Stick with this guy," a gravelly voiced man says at the end of the commercial in a point Obama hopes wavering voters will embrace. A second ad targeted at Ohio voters features former astronaut and Sen. John Glenn touting Obama's character and economic record.

Aides argue that some voters got a psychological boost when the unemployment rate fell below 8 percent last month for the first time since Obama's inauguration. But the campaign says it puts more stock in economic indicators showing an increase in consumer confidence and retail spending, which indicate shifts in voter behavior.

Retail sales rose 1.1 percent last month, the Commerce Department said Monday. That followed a 1.2 percent increase in August, which was revised slightly higher. Both were the largest gains since October 2010.

Still, with millions of Americans still out of work, the campaign is trying to walk a fine line between touting economic gains and acknowledging that many voters are still struggling.

GOP vice presidential nominee Paul Ryan lambasted Obama's handling of the deficit during an appearance Monday in Ryan's home state of Wisconsin. He pointed to a digital scoreboard his campaign set up at the far end of Carroll University's field house that tracked the growth of the nation's deficit in real time.

"Look at how fast those numbers are running," Ryan said. "We know without a shred of doubt that we have consigned the next generation to this path of debt."

He acknowledged that Obama inherited "a tough situation" when he took office but argued the president has only made things worse. He touted Romney's plan to cut taxes by 20 percent across the board as the path back to economic growth.

Obama campaign spokeswoman Jennifer Psaki said the president would seek to run on his economic record, not away from it, during Tuesday's debate.

"He would be happy to spend the entire debate talking about their visions for the middle class," Psaki told reporters gathered in Williamsburg, Va., where Obama and his advisers were in the midst of an intense, three-day "debate camp" at a golf resort.

Obama's campaign, seeking to rebound from a dismal first debate, promised a more energetic president would take the stage Tuesday at Hofstra University in Hempstead, N.Y. Romney's team aimed to build on a commanding opening debate that gave the Republican new life in a White House race that had once appeared to be slipping away from him.

"The debate was huge and we've seen our numbers move all across the country," Romney's wife, Ann, said in an interview on Philadelphia radio station WPHT. She talked about the larger crowds her husband has been drawing in the aftermath of that first face-off. "That's what you call momentum," she said.

Much of the pressure in the coming debate will be on Obama, who aides acknowledge showed up at the first face-off with less practice ? and far less energy ? than they had wanted. Romney, who has made no secret of the huge priority his campaign puts on the debates, practiced Monday at a hotel near his home in Massachusetts.

Romney's advisers suggested the Republican nominee would continue to moderate his message ? in tone, if not substance ? as he did in the Oct. 3 meeting to help broaden his appeal to the narrow slice of undecided voters. In recent days, Romney has promised his tax plan would not benefit the wealthy, emphasized his work with Democrats as Massachusetts governor and downplayed plans to curtail women's abortion rights.

Ann Romney focused on the struggles women face in her radio interview. "The numbers don't lie and what the numbers tell us is that more women have been hurt by this economy than men, more women are unemployed, and more women have fallen into poverty in the last four years," she said. "We do hear their voices."

During debate preparations, aides are working on tailoring that message to a debate format. They're also working on balancing aggressive tactics with the debate's town-hall format, which often requires candidates to show a connection with questioners from the audience.

Also Monday, Romney's campaign announced it raised $170.4 million last month with the Republican Party, a little behind Obama's $181 million September haul with the Democratic Party. Romney and the GOP had been raising more money than Obama and the Democrats by mid-summer, but that changed last month. Both candidates are using their millions to expand campaign offices and flood airwaves with television ads in key in the election's final weeks.

Romney's top-flight donors are meeting at New York's tony Waldorf Astoria hotel through Wednesday, getting a chance to mingle with Ryan and attend strategy briefings and policy discussions with senior Romney aides.

The retreat appears to be a scaled-down version of a posh Park City, Utah, gathering this summer for Romney's most generous contributors. There, Romney officials hosted campaign updates and set ambitious fundraising goals for the general election.

___

Obama ad: http://tinyurl.com/ck3oblq

___

Pickler reported from Washington. Associated Press writers Steve Peoples in Belmont, Mass., and Jack Gillum and Ken Thomas in Washington contributed to this report.

___

Follow Julie Pace at http://twitter.com/jpaceDC

Source: http://news.yahoo.com/obama-embraces-economic-record-commercial-164427034--election.html

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2012 Broward County Arts Teacher of the Year will be announced ...

Title Sponsor Florida Power & Light Company will present the 2012 Broward County Arts Teacher of the Year event on Wednesday, October 24, 2012 at 6 p.m. at the Broward Center for the Performing Arts. FPL, along with other members of Broward?s business and arts community, will celebrate three outstanding leaders in arts education excellence from Broward County public and charter schools. ?Doors open at 5 p.m. for the student art exhibition; and for the first time in its 27-year history, the Arts Teacher of the Year winner will be announced during the presentation which begins at 6 p.m. followed by a reception at 7 p.m. The event will also include stage performances by arts students and entertainment by well-known DJs. CBS4s Emmy award-winning Anchor Shannon Hori will emcee the evening?s festivities.

Hilary Fine, visual art, Hollywood Academy of Arts and Science; Susan Ostheim, visual art, South Broward High School and Nina Zakrzewski, musical theater, acting, stagecraft, English honors, Nova High School were named as the finalists for the County?s most prestigious arts education award. ?Creativity is born and nourished with arts education. Students who have the benefit of a strong arts curriculum become well-rounded and innovative thought leaders,??says FPL?s Juliet M. Roulhac.

The Arts Teacher of the Year program annually reminds us that excellence in arts education within the fabric of a community is necessary for the development of future leaders. Each year the program provides an opportunity for arts students to gain valuable experience performing in a nationally-renowned, professional, performing arts venue.? ?As patrons, advocates, participants, artists, business leaders, elected officials, educators and students of the arts, we must continue to support the arts in our community. Business for the Arts of Broward strongly believes that supporting the arts is good for our community, and is good business,??says Jarett S. Levan, president, BBX Capital and chair, Business for the Arts in Broward

Traditionally these evenings come alive with the energy of more than 100 students, excited, rehearsed and poised for stage. Students from the three finalist high schools will be performing and exhibiting through a visual arts exhibition in the lobby of the Broward Center?s Amaturo Theater Lobby, and a series of six- to eight-minute stage performances. Local singing sensation Julia Dale, the 11-year-old who recently received national attention when she sang the National Anthem at the NBA Finals for the Miami Heat, will sing the National Anthem on this evening. The award-winning, Dillard Jazz Ensemble, led by Band Director Christopher Dorsey will enhance the entertainment and arts education supporter DJ Felix Sama with 93.9 MIA (Clear Channel) and the Rhythm City DJ Skool will perform at the reception. Award?s Presenter AutoNation, Inc.?s Gale M. Butler vice president of Corporate Affairs,?believes that ?beyond thriving businesses and an excellent educational system, communities must also have a vibrant cultural life to truly be a place where people want to live, work and play.?

The Arts Teacher of the Year Program has celebrated and showcased the artistic excellence of students and faculty of Broward County schools, through a partnership among Broward Cultural Division, the School Board of Broward County, Broward Center for the Performing Arts and Business for the Arts of Broward. The Title Sponsor this year is Florida Power & Light Company, with AutoNation as the Awards Presenter, and BBX Capital as the Reception Host.

Additional sponsors include, BankUnited; Florida Blue, Publix Supermarket Charities, Private Partners; BGT Partners; Broward College; Great American Farms; Kopelowitz, Ostrow, Ferguson, Weiselberg, Keechl; Merrimac Ventures; Nova Southeastern University; Publix Supermarkets, Inc.; McGladrey;? Starmark;? Stiles Corporation; Sun-Sentinel; and WLD Enterprises.

Please RSVP HERE for the 2012 Broward County Arts Teacher of the Year recognition event.? For further information, contact Grace Kewl-Durfey at 954-357-7869.

Related posts:

  1. Finalists Announced For Broward?s Art Teacher Of The Year Three finalists have been announced for the 2012 Broward County...
  2. Six Broward teachers chosen as finalist in Broward teacher of year program Each year, individual schools across the District honor one of...
  3. Broward Cultural Division celebrating National Arts & Humanities Month Broward Cultural Division joins hundreds of arts organizations and communities...
  4. Broward College to offer classes in Coral Springs this October ? Broward College to offer classes in Coral Springs this...
  5. Tamarac Teacher Finalist For 2012 Presidential Award for Excellence in Mathematics and Science Teaching Program The Presidential Awards for Excellence in Mathematics and Science Teaching...

Source: http://browardnetonline.com/2012/10/2012-broward-county-arts-teacher-of-the-year-will-be-announced-end-of-october/

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Sunday, October 14, 2012

Mysixpackquest System | Bodybuilding, Supplements, Diets ...



After 3 Months of going through all the info and results I got from my own sixpackquest where I went from 276lbs down to 178 lbs in just 6 months we are revealing all the secrets. Did you enjoy the ?Mysixpackquest System now Available? video? For the web?s best Six Pack ABS Workout & Excercise Videos.

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The Boss will campaign for Obama in Ohio, Iowa

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FDA regulation of pharmacies has knotty history

This undated image made available by The Centers for Disease Control and Prevention shows the Exserohilum rostratum fungus. The CDC said Thursday, Oct. 11, 2012 tests have shown Exserohilum fungus in 10 people sickened in the current fungal meningitis outbreak. It?s a common mold found in soil and on plants. (AP Photo/CDC)

This undated image made available by The Centers for Disease Control and Prevention shows the Exserohilum rostratum fungus. The CDC said Thursday, Oct. 11, 2012 tests have shown Exserohilum fungus in 10 people sickened in the current fungal meningitis outbreak. It?s a common mold found in soil and on plants. (AP Photo/CDC)

(AP) ? The deadly meningitis outbreak linked to contaminated pain injections has prompted calls for tighter federal regulation of compounding pharmacies, which have periodically been blamed for crippling and sometimes fatal injuries. But this isn't the first time Congress has pushed for more authority over the industry.

Such efforts stretch back to the 1990s, and after vigorous pushback by compounding pharmacists, they have left a patchwork of incomplete, overlapping laws, contradictory court rulings and overall uncertainty about how much power the Food and Drug Administration has to regulate compounders.

And with a gridlocked Congress at its most unproductive in decades, experts don't expect to see new laws passed anytime soon.

The issue flared up in the past several days after the New England Compounding Center of Framingham, Mass., came under suspicion as the source of the tainted steroid shots that have sickened at least 184 people in 12 states, causing 14 deaths.

Several members of Congress this week promised to introduce legislation giving the FDA greater authority to oversee the specialty pharmacies, which custom-mix drugs for patients for everything from menopause symptoms to cancer. The compounding industry in the U.S. has grown into a $3 billion business with 7,500 pharmacies, according to its trade group.

"It's incredibly complicated to explain what our authority is and is not, and the nuances of that," Deborah Autor, FDA's deputy regulatory commissioner, said Thursday. She suggested the FDA would support new laws to oversee the industry.

"The world has changed a lot since the days of mortar and pestle, and this is the time for pharmacists, for lawmakers, for regulators and for doctors to sit down to grapple with this new model of pharmacy compounding," Autor said.

Compounding pharmacies are critical for patients who need solutions, creams and other medicines customized for, say, smaller dosages or to remove ingredients that cause allergies. Unlike drugs that are manufactured for mass-market distribution, these products are not subject to premarket review by the FDA.

All pharmacies, including compounding pharmacies, have long been regulated by state pharmacy boards, many of which date back to the 19th century. At that time nearly all drugs dispensed in the U.S. were individually compounded by pharmacists. The law that created the FDA in 1938 gave the agency strict authority over drug manufacturers, which quickly eclipsed pharmacists as the main producers of prescription medicines.

For decades, the state-federal divide persisted, with states overseeing compounding pharmacies and the FDA policing drug manufacturers.

But in the 1990s, FDA regulators began to more closely scrutinize compounding pharmacies, as their number multiplied and some grew into big businesses. Instead of making individualized products based on a physician's prescription, companies began mass-producing products and promoting them broadly.

"When you get into that situation, pharmacy compounding can be a disguise for unregulated manufacturing," said Michael Labson, a food and drug attorney in Washington. Recent drug shortages caused by consolidation among drug manufacturers, among other factors, have only increased demand for compounded alternatives.

In recent years some compounding pharmacies have been blamed for outbreaks caused by contaminated medicines. Two people were blinded in Washington in 2005. Three died in Virginia in 2006 and three more in Oregon the following year. Twenty-one polo horses died in Florida in 2009. Earlier this year, 33 people in seven states developed fungal eye infections.

Compounding experts, including the president of the leading compounding pharmacy trade group, believe the New England Compounding Center crossed the line into full-scale manufacturing. Indeed, the FDA had warned the company in 2006 about compounding and distributing anesthetic "for general distribution" rather than for individual prescriptions.

FDA officials said they followed up with the company after sending the warning letter but did not re-inspect it.

"They assured us they were adequately protecting patients and complying with applicable laws and regulations," Autor said. "We took some action, but it's very complicated ? our ability to take action here."

A spokesman for New England Compounding Center had no comment.

FDA officials have repeatedly stressed the challenges the agency faces policing compounding operations. In fact, some former agency officials say that the FDA is hesitant to act after years of legal battles with lawyers and lobbyists for the industry.

The International Academy of Compounding Pharmacists has spent more than $1 million lobbying Congress in the past decade and has a track record of defeating measures opposed by the industry. A 2003 provision to set up an FDA advisory committee to oversee compounders was killed by then-House Majority Leader Tom Delay, who said it would create unnecessary federal interference. Delay represented Sugar Land, Texas, the headquarters of the compounding academy.

The group's president said Friday he would "absolutely" cooperate with the FDA and Congress on new laws to prevent outbreaks.

"The behavior and actions of this one particular business resulted in the deaths of people, and that is antithetical to what pharmacists do," Miller said. "Whatever they were doing, we have to make sure it never happens again."

But he added that New England Compounding Center appeared to be acting as a manufacturer, which is "contrary to what a compounding pharmacy is all about."

Even when the FDA has succeeded in getting legislation through Congress, it has gotten tangled up in the courts. In 1997 Congress passed an FDA-supported law that allowed the agency to regulate compounding pharmacies if they overstep certain standards for drug production, labeling and advertising. Specifically, the law said that compounding pharmacies were subject to FDA oversight if they advertised their products.

A federal appeals court sided with pharmacists and ruled that this last requirement was unconstitutional, and the Supreme Court upheld the decision in 2002. But the court did not rule on whether the other requirements in the law should stand, creating a legal limbo for regulators. Since then, different appeals courts have issued conflicting judgments on the remainder of the law, which could wind up back at the Supreme Court.

Still, some former agency lawyers say new laws are not necessary when dealing with companies that have clearly crossed the line from compounding drugs to full-blown manufacturing.

"Legislation isn't necessary here," said Sheldon Bradshaw, former FDA chief counsel during the Bush administration and now an attorney in Washington. "FDA already has all the authority they need to go after the New England Compounding Centers of the world. I'm honestly shocked by how FDA is now downplaying its authority in this regard."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-10-12-Meningitis%20Outbreak-Regulation/id-b13fe6356e2042ad84a7414f17dca5ea

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Saturday, October 13, 2012

Jerry Sandusky in letter to judge: 'Goliath won'

Matt Rourke / AP

Former Penn State University assistant football coach Jerry Sandusky is driven from the Centre County Courthouse after being sentenced in Bellefonte, Pa., on Tuesday.

By Karen Araiza, NBC10 Philadelphia

PHILADELPHIA -- Convicted child sex abuser Jerry Sandusky perceived himself as David, fighting Goliath as the sex scandal unfolded, sending him to prison for at least 30 years, rewriting the history of one of the greatest college football programs in the country, and prompting the firing of its legendary coach, Joe Paterno.

"I was supposed to be David but failed to pick up the sling shot," Sandusky wrote in a letter to Judge John Cleland of McKean County Common Pleas Court less than two weeks before he was sentenced. "Goliath won, and I must deal with the outcome. Just like preparing for an athletic contest, I am trying to prepare for what comes."?

The letter was released to the public Thursday morning by court officials.


Also on NBCPhiladelphia.com: Anger fuels Ben Franklin bust theft, police say

Sandusky sent the letter to the judge hoping to influence him as he decided how to punish the former Penn State assistant football coach. Sandusky was convicted in June on 45 counts of child sex abuse. His wife, Dottie, also wrote a letter. Both parents put some of the blame for Sandusky's guilty verdicts on their son, Matt. Late in the trial, as the jury was already deliberating, Matt Sandusky made a stunning announcement through his attorney that his father abused him too when he was a boy.

"In my heart I know I did not do these disgusting acts," Sandusky wrote. "However, I didn't tell the jury. Our son changed our plans when he switched sides."

In her letter, Dottie Sandusky attacked Matt's mental state, telling the judge people need to understand what type of person he is.

"We have forgiven him many times for all he has done to our family thinking that he was changing his life, but he would always go back to his stealing and lies," she wrote. "He has been diagnose (sic) with Bipolar, but he refuses to take his medicine."

Dottie Sandusky to judge: 'Jerry is not the monster'

Information came out after Sandusky's conviction that he never testified at trial because his son Matt had threatened to take the stand if Sandusky talked. Sandusky, 68, ended up defending himself, defiantly, a total of three times before he was sentenced. First, in an 11th-hour type of move, a Penn State radio station played a three-minute statement he recorded from jail earlier that day. The tone and themes of that statement lasted for 18 minutes the next morning, as Sandusky rambled on in court, blaming a web of conspirators for his downfall. That was right before the judge admonished him and then sentenced him to a minimum of 30 years, but no more than 60 years, in prison.

"You abused the trust of those who trusted you. . .so the crime isn't just what you did to their bodies, but to their psyche; their soul," Cleland said in court.

Jerry Sandusky, who is officially labeled a sexually violent predator, will be transferred from county jail to state prison next week to begin serving what amounts to a life in prison following Tuesday's sentencing. NBC's Michael Isikoff reports.

Here is the entire text of Sandusky's letter to the judge:

September 27, 2012

Hon. John M. Cleland, Senior Judge Specially Presiding

Dear Sir:

I write without expectation or a plea for leniency. However, I write with hope and resolve to keep fighting for a brighter day. This has been quite an experience. As I sat looking at walls, I spent many hours reliving this ordeal. First, I looked at me, my vulnerability, my naivety (some say stupidity), and my trust in people. Soon, my thoughts turned to all the special people who have been hurt. My heart saddened, and my eyes filled. Later, I began to relive the events leading up to the trial and the trial. Having the time to do it was not the problem it had been in preparation. There were so many people involved in the orchestration of this conviction (media, investigators, prosecutors, "the system", Penn State, and the accusers). It was well done. They won! When I thought about how it transpired, I wondered what they had won. I thought of the methods, decisions, and allegations. I relieved the inconsistent and dishonest testimonies. My mind wondered again. What would be the outcome of all the honest testimonies? My mind wondered again. What would be the outcome of all the accusers and their families who were investigated? I knew the answer. All of their issues would surface. They would no longer be these poor, innocent people, as portrayed. I have been blamed for all of their failures and shortcomings, but nobody mentioned the impact of the people who spent much more time with them than I did. Nobody mentioned the impact of abandonment, neglect, abuse, insecurity, and conflicting messages that the biological parents might have had in this. Those who have worked with troubled lives realize a common reaction for those with low self esteem is often to blame others. They have been rewarded for forgetting, fabricating, and exaggerating. Maybe, they will have a better place to live, a new car, access to more highs, but they won't change. Most of their rewards will be very temporary.

When I reflected, I realized much of what transpired was about protection. I was placed in protective custody; "the system" protected "the system", the media, the prosecution, the civil attorneys, and the accusers. Everybody protected themselves. Penn State, with its own system, protected their public image, their decisions, and the allegations. The authorities were protected. Media protected their jobs and ambitions. Prosecutors protected their jobs and egos. "The system" protected the prosecution. As the stakes became higher, people had more to protect. Civil attorneys were protected. The accusers were protected and provided access to potential financial gain, free attorneys, accolades, psychologists, and attention. Current and former police investigators protected their decisions and explanations to avoid criticism. The jury put up a protective shield to avoid criticism from family, friends, and the public.

Ringing through my ears were attorney Amendola's words, "It doesn't make sensei" I asked myself. Is justice more than just a word? Is fairness more than just a dream? My jaw began to tighten. Then I thought of not being able to be with my wife Dottie, not seeing our dog, Bo, not being there for our kids, not seeing our grandchildren mature, not being with friends, not playing games with loved ones and friends, helping others less, laughing less, and crying more. A chill went up my spine, and my eyes filled again.

Eventually, I thought of the words of Thoreau sent to me by a friend, "It's not what you look at that matters, it's what you see." Instead of walls, I saw great memories: I saw loved ones who will carry the light; I saw family and friends; I saw those who overcame huge obstacles; I saw all the people who thrived with a little of our help and hope; I saw a locker room with people hugging and crying as national champs; I saw all the people who have stood by me; I saw all the inspirational cards and letters I had received; I saw me throwing thousands of kids up in the air and them asking for more; I saw me in hundreds of water battles that nobody wanted to end; I saw black, white, brown, yellow, young, old, gifted, and handicapped all at our home; I saw kids laughing and playing; I saw a big, lovable dog licking their faces; and I saw inmates who smiled at me and offered kindness even when I was confined. My heart began to warm.

I've had some difficulties seeing a purpose. The best immediate one may be some vulnerable children may be helped. Some, who may have been abused, might not be as a result of the publicity. I'm not sure about that. I would relish the opportunity to be a little candle for other inmates, as some have been a light for me. Otherwise, I hope the suffering improves our chances for a better life when the last breath comes.

Searching for strength I read many books. One was about a family's efforts to help abandoned children in Romania. It was familiar to me. Most of them were about life's struggles and people's strength to endure. Systems all over the world demanded control and were willing to destroy lives to maintain it. These books represented the worst of life and the best of life. There was extreme greed, hate, and cruelty, combined with love and forgiveness. It was as dismal as it could be, but there was always a little light. The suffering of millions put my struggle in some perspective, and hopefully, will bring strength and courage throughout the rest of my journey.

The book with the most impact for me was entitled Left to Tell. It was about an amazing woman of tremendous faith who survived the Rwandan Holocaust. Over a million people were killed because they had to pick sides. She talked about what happened. In the words of a pastor, "I've seen these killing sprees before - once the blood lust is in the air, you can trust no one, not even your own children." There was betrayal and murder. Families turned against one another. Best friends became enemies. Those who had been helped at one point in their life sought and killed those who had helped them. In a lesser way I've experienced this. Through the darkness there was light. Loyalty prevailed when the lady's (Imaculee's) brother stood up for her before his execution. He said, "Even if I knew where my beautiful sister was, I wouldn't tell you." I also related to that as my loved ones and true friends have remained loyal to me.

My trust in people, systems, and fairness has diminished. My faith in God who sends light through the darkness has remained. My heart has been broken but still works. In my heart I know I did not do these disgusting acts. However, I didn't tell the jury. Our son changed our plans when he switched sides. I was supposed to be David but failed to pick up the sling shot. Goliath won, and I must deal with the outcome. Just like preparing for an athletic contest, I am trying to prepare for what comes. I have chosen books with this mind. I have given many second chances and will ask for one. The battle will continue for me and those like Imaculee's brother who remained loyal and shared the hurt.

Respectfully submitted,

Jerry Sandusky

Although Sandusky's sentence is tantamount to a life sentence for the 68-year-old, his attorneys say he truly believes he can get the verdict overturned. They are planning to appeal on the grounds that Sandusky's defense team did not have enough time to adequately prepare his case.

MSNBC's Thomas Roberts talks to NBC National Investigative Correspondent Michael Isikoff and Attorney Jeffrey Fritz, who represents Victim Number Four, about the sentencing in the sexual abuse conviction of Jerry Sandusky.

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iPod Nano review: Still the best plain Jane media player around

2 hrs.

In a world full of feature-rich smartphones doubling as media players, the iPod Nano seems like a throwback to older days. But if you just want a tiny, well-designed stick of gum that plays your tunes and videos, it's your best bet.

Unlike the sixth-generation iPod Nano, the seventh-generation of Apple's itty-bitty media player isn't a square slab that doubles as a super-chunky watch. Instead it's a nod to the very first generation's design?? tall and skinny. It has the biggest screen seen on an iPod Nano so far, one that Apple thinks is legit enough to watch movies and TV shows on. (It's 2.5?inches, so I beg to differ on that, but at least the video playback?capability has returned to the Nano.)

While the Nano does have Bluetooth technology built in, it doesn't offer our most beloved wireless capability: Wi-Fi. You can't stream music straight from the cloud. You can't set it up without a computer. You can't randomly download songs on impulse as you walk down the street.?

You're stuck tethering this thing to your computer whenever it needs a file refresh (even songs from iTunes in the Cloud)?or a software?update. But, hey?? at least the new Lightning connector makes syncing a quicker task than ever.

The Nano's always been?great for gym rats?? and now it's even better.?The FM capabilities mean that you can tune into a gym's funky ol' school?TV system (and actually hear what's going on in the latest episode of "Girls") and its built-in pedometer and Nike+ support?mean that you don't have to shell out an extra twenty bucks for a shoe sensor.

The Nano's featherlight anodized aluminum body will likely?make you slide the device between your fingers, marveling at how something so aesthetically pleasing and dainty can possibly feel so solid. Perhaps this excellent physical design will even make you overlook the Nano's biggest drawback: Its old-school software.

Unlike its big brother, the iPod Touch, the Nano doesn't run a full-blown version of iOS. Instead it has?its own, simple operating system. This means no extra apps or games. The Nano's interface does?look and feel a lot like iOS at first touch swipe and tap though, but?you'll quickly notice all the little missing details (like lengthy menus, consistent on-screen "back" buttons, and so on). You're basically getting a slightly slicker, breezier version of the interface seen on the square iPod Nano we've loved to hate in the prior two years.

By now you've noticed the pattern when it comes to the Nano: It does a couple of things well, but lacks any bells and whistles. That's really the takeaway. This thing's a great music player?? the best one you'll encounter. For some, it might even be a great cheap little movie player (at least until the cost of buying and renting movies adds up).?It has all the things you love about Apple's design without many extra thrills.

For $149, the Nano's a solid choice for?folks who don't want to fuss around with a phone while in the gym or running around the city,?for parents who want to pick up the equivalent of My First Media Player for their youngsters, and for those who just want to listen to some music.

Want more tech news?or interesting?links? You'll get plenty of both if you keep up with Rosa Golijan, the writer of this post, by following her on?Twitter, subscribing to her?Facebook?posts,?or circling her?on?Google+.

Source: http://www.nbcnews.com/technology/gadgetbox/ipod-nano-review-still-best-plain-jane-media-player-around-1C6427714

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Friday, October 12, 2012

New housing boom on the horizon | FOX13Now.com ? Salt Lake ...

NEW YORK (CNNMoney) ? The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom.

Signs of recovery have been evident in the recent pick ups in home prices, home sales and construction. Foreclosures are also down and the Federal Reserve has acted to push mortgage rates near record lows.

But while many economists believe this emerging housing recovery will produce only slow and modest improvement in home prices, construction and jobs, others believe the rebound will be much stronger.

Barclays Capital put out a report recently forecasting that home prices, which fell by more than a third after the housing bubble burst in 2007, could be back to peak levels as soon as 2015.

?In our view, the housing market had undergone a dramatic over-correction during the prior five years, resulting in pent-up demand for housing purchases that would spark a rapid rise in housing starts,? said Stephen Kim, an analyst with Barclays, in a note to clients.

In addition to what Kim sees as a big rebound in building, he?s bullish on home prices, expecting rises of 5% to 7.5% a year.

Construction is expected to be even stronger, with numerous experts forecasting home construction to grow by at least 20% a year for each of the next two years. Some believe building could be back near the pre-bubble average of about 1.5 million new homes a year by 2016, about double the 750,000 homes expected this year.

?We think the recovery is for real this time around,? said Rick Palacios, senior analyst with John Burns Real Estate Consulting. ?If you look across the U.S. economy right now, there are only a handful of industries looking at 20-30% growth over the next 4-5 years, and housing is one of those.?

Home builder stocks are up 162% in the last 12 months, led by a 250% jump at PulteGroup. Other leading builders including DR Horton, Toll Brothers, KB Home and Lennar have all seen their stocks more than double over that time. New orders at publicly-traded builders are up 30% since January, according to Kim.

Palacios said stocks in other sectors, from manufacturers of drywall to flooring to kitchen and bath fixtures, have all more than doubled as well this year.

The housing rebound can have a ripple effect that could help get the entire economy growing at a much stronger pace, which will add to more demand for housing.

?That turn in the [housing] market is occurring now and it should become a boom by 2015. It will be powerful enough ? to lift the entire U.S. economy,? said Roger Altman, chairman of Evercore Partners and former deputy Treasury secretary, in a column for the Financial Times.

Altman said he expects housing will add 4 million jobs to the economy over the next five years, as pent-up demand for home purchases drives building and and home prices higher.

The-CNN-Wire
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Source: http://fox13now.com/2012/10/12/new-housing-boom-on-the-horizon/

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A glance at the Nobel Prize for literature

FILE - Chinese author Mo Yan is seen during a news conference at the Frankfurt book fair in Frankfurt, central Germany, in this Wednesday, Oct. 14, 2009 file photo. China's Mo Yan has won the 2012 Nobel Prize in literature it was announced Thursday Oct. 12, 2012. (AP Photo/Daniel Roland, File)

FILE - Chinese author Mo Yan is seen during a news conference at the Frankfurt book fair in Frankfurt, central Germany, in this Wednesday, Oct. 14, 2009 file photo. China's Mo Yan has won the 2012 Nobel Prize in literature it was announced Thursday Oct. 12, 2012. (AP Photo/Daniel Roland, File)

WHO WON?

Chinese author Mo Yan, 57.

FOR WHAT?

The Swedish Academy, which selects the winners, praised Mo's "hallucinatory realism," saying it "merges folk tales, history and the contemporary."

NOTABLE WORKS

"Red Sorghum"; "The Garlic Ballads"; "Big Breasts & Wide Hips"; "Frogs."

LITERARY IMPACT

Mo writes of visceral pleasures and existential quandaries, creating vivid characters. His early work stuck to a straightforward narrative structure enlivened by vivid descriptions and raunchy humor. In recent years, Mo has become more experimental, toying with different narrators and embracing a freewheeling style often described as "Chinese magical realism."

WHAT DID HE SAY?

"China has a lot of great writers. I know that in my heart ... I am very fortunate to have won this prize but I am quite clear. I know that the most important thing for an author is the work they produce ... I'll continue on the path I've been taking, feet on the ground, describing people's lives, describing people's emotions, writing from the standpoint of the ordinary people."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-10-11-Nobel-Literature-Glance/id-9e81e61e87da4f078a7decd0642daeea

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Consumer sentiment jumps to 5-year high

By Reuters

U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Barack Obama's re-election hopes next month.

The Thomson Reuters/University of Michigan's preliminary October reading on the overall index on consumer sentiment came in at 83.1, up from 78.3 the month before, and the highest since September 2007, the survey showed on Friday.

The new buoyancy among consumers comes shortly after the U.S. unemployment rate tumbled to its lowest in nearly four years in September as more people returned to the workforce and found jobs than economists had predicted.

"We are getting some quite interesting signals from consumer sentiment and employment data - both (the) unemployment rate and initial claims - that there has been some quite significant improvement in the economy," said David Sloan, an economist at 4Cast in New York.

Economic issues have been a battleground in the election campaign as Obama seeks to burnish his credentials as a competent manager of the economy while Republican challenger Mitt Romney has faulted Obama's record on job creation and growth. Friday's sentiment report was the last before the November 6 general election and will be welcomed by Democrats.

"That kind of boost in consumer sentiment benefits an incumbent without question," said Julia Clark, a pollster with Ipsos in Washington. "The challenge that the Republicans have is continuing to attack the government's credibility on this issue while we actually are seeing data that suggest that consumer sentiment is improving."

The sentiment reading was well above the median forecast for a slight decline to 78 among economists polled by Reuters as consumers felt better about the economy overall.

U.S. stocks were higher after the news but turned lower by midday as equities struggle to make headway after recently climbing to highs not seen in five years.

October's unexpected jump in sentiment came as consumers felt better about the economy in both the long and the short term, the compilers of the Thomson Reuters/University of Michigan survey said.

"What changed was how they (consumers) evaluated economic conditions," survey director Richard Curtin said in a statement. "Economic conditions during the year ahead were expected to be 'good' by more consumers, and more consumers expected 'good' economic times over the next five years."

The survey's gauge of consumer expectations jumped to 79.5 from 73.5, well above an expected reading of 74. Expectations were at their highest since July 2007.

The survey's barometer of current economic conditions rose to 88.6 from 85.7 and was above a forecast of 86.

As well as September's employment report there have been a number of other encouraging indications from the economy, including stabilizing house prices, and last month's expansionary reading for the U.S. manufacturing sector after three months of contraction.

Also on Friday, The Economic Cycle Research Institute, a New York-based independent forecasting group, said its measure of future U.S. economic expansion pushed higher last week, while the annualized growth rate rose to its loftiest in more than a year.

The institute said its Weekly Leading Index increased to 127.7 last week from a revised 126.2 the previous week. The index's annualized growth rate accelerated to its highest level since May 2011 at 5.7 percent from 4.6 percent.

In another positive sign for the housing sector, both JPMorgan Chase and Wells Fargo posted record profit on Friday as a recovery in the housing market this year boosted mortgage lending at both banks.

"We believe the housing market has turned the corner," JPMorgan Chief Executive Jamie Dimon said in a statement.

But the trajectory of the U.S. economy is still uncertain. Much of Europe is mired in recession and the Chinese economy has slowed. A recent Reuters poll found that while economists have stopped cutting their U.S. growth outlook as aggressively as in recent months, they still see just 2.1 percent growth this year and only 2 percent next year.

A separate report showed U.S. producer prices rose more than expected in September as the cost of gasoline surged, but underlying inflation pressures were muted in a sign the Federal Reserve has room to carry out its new monetary stimulus program.

"If you take out food and energy you are essentially looking at a number that didn't go anywhere and was actually probably a little weaker than expected," said Cary Leahey, an economist at Decision Economics in New York.

"These kinds of energy prices are debilitating to the economy and it is one of the reasons why we haven't been able to get any kind of a glide speed above a 2 percent annual (growth) rate."

The Labor Department said on Friday its seasonally adjusted Producer Price Index increased 1.1 percent last month. Economists polled by Reuters had expected prices at farms, factories and refineries to rise 0.7 percent after climbing 1.7 percent in August.

The Labor Department's report chimed with the sentiment survey that showed consumers' one-year inflation expectations fell to 3.1 percent from 3.3 percent, while the survey's five-to-10-year inflation outlook hit its lowest since March 2009, falling to 2.6 percent from 2.8 percent.

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Source: http://economywatch.nbcnews.com/_news/2012/10/12/14393134-consumer-sentiment-takes-surprise-jump-to-highest-in-five-years?lite

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