Friday, November 23, 2012

US roads, airports unready for extreme weather

Travis Long / The News & Observer via AP

North Carolina Division of Highway workers wait for asphalt to arrive after removing a section of westbound I-440 that buckled in triple-digit temperatures over the summer.

By Joan Lowy, The Associated Press

WASHINGTON???The nation's lifelines ? its roads, airports, railways and transit systems ? are getting hammered by extreme weather beyond what their builders imagined, leaving states and cities searching for ways to brace for more catastrophes like Superstorm Sandy.?

Even as they prepare for a new normal of intense rain, historic floods and record heat waves, some transportation planners find it too politically sensitive to say aloud the source of their weather worries: climate change.?

Political differences are on the minds of the American Association of State Highway and Transportation Officials, whose advice on the design and maintenance of roads and bridges is closely followed by states. The association recently changed the name of its Climate Change Steering Committee to the less controversial Sustainable Transportation, Energy Infrastructure and Climate Solutions Steering Committee.?


Still, there is a recognition that the association's guidance will need to be updated to reflect the new realities of global warming.?

"There is a whole series of standards that are going to have to be revisited in light of the change in climate that is coming at us," said John Horsley, the association's executive director.?

In the latest and most severe example, Superstorm Sandy inflicted the worst damage to the New York subway system in its 108-year history, halted Amtrak and commuter train service to the city for days, and forced cancellation of thousands of airline flights at airports in New York, New Jersey and Philadelphia.?

Wild weather is taking a toll on transportation across the country.?

In Washington state, "we joked we were having 100-year storms every year," said Paula Hammond, head of the state's Department of Transportation.?

Last year flooding threatened to swallow up the Omaha, Neb., airport, which sits on a bend in the Missouri River. The ground beneath the airfield became saturated, causing about 100 sinkholes and "soil boils" ? uplifted areas of earth where water bubbles to the surface. The airport was spared through a massive effort that included installing 70 dewatering wells and stacking sandbags around airport equipment and buildings.?

Record-smashing heat from Colorado to Virginia last summer caused train tracks to bend and highway pavement to buckle. A US Airways jet was delayed at Washington's Reagan National Airport after its wheels got stuck in a soft spot in the tarmac.?

Dallas had more than five weeks of consecutive 100 degree-plus high temperatures. "That puts stress on pavements that previously we didn't see," Horsley said.?

States and cities are trying to come to terms with what the change means to them and how they can prepare for it. Transportation engineers build highways and bridges to last 50 or even 100 years. Now they are reconsidering how to do that, or even whether they can, with so much uncertainty.?

No single weather event, even a storm like Sandy, can be ascribed with certainty to climate change, according to scientists. But the increasing severity of extreme events fits with the kind of changing climate conditions that scientists have observed.?

For example, several climate scientists say sea level along New York and much of the Northeast is about a foot higher than a century ago, mostly because of man-made global warming, and that added significantly to the damage when Sandy hit.?

Making transportation infrastructure more resilient will be expensive, and the bill would come at a particularly difficult time. Aging highways, bridges, trains and buses already are in need of repair or replacement and no longer can handle peak traffic demands. More than 140,000 bridges are structurally deficient or obsolete. The problem only will worsen as the U.S. population grows.?

A congressional commission estimated that all levels of government together are spending $138 billion a year less than is needed to maintain the current system and to make modest improvements.?

"The infrastructure of the nation is aging and it's at risk because, quite frankly, we're all not investing enough to take care of these facilities," said Hammond, the chairwoman of the climate committee. "And now we're facing extreme weather threats that cause us to need emergency response capabilities beyond what we've had in the past."?

In the state of Washington, "we have seen more erratic weather patterns that we haven't had before, so we really can't imagine what kind of winter or summer we're going to have anymore," Hammond said.?

More frequent heavy rainfalls in the western half of the state have increased the volume and velocity of water in rivers and streams, undermining the foundations of bridges. Rising sea levels are eroding coastal roads. In the drier eastern half of the state, more frequent wildfires have forced road maintenance crews to change their methods in an effort to prevent sparks that might cause a blaze.?

"Each time you replace a bridge, states have to be thinking about not just what kind of traffic demand there is, but how do I make sure this is a bridge that will withstand the future given the erratic weather patterns and climate change we're seeing," Hammond said. "It's a new layer of analysis."?

About half the states have taken some steps toward assessing their most critical vulnerabilities, experts said. But few have gone to the next step of making preparations. New York was an exception. Not only had transit officials made detailed assessments of the potential effects of climate change, but they'd started to put protections in place. Subway entrances and ventilation grates were raised in low-lying areas to reduce flooding, but that effort was overwhelmed by Sandy.?

"They got hit with what was even worse than even their worst-case scenario," said Deron Lovaas, a transportation expert with the Natural Resources Defense Council, an environmental group. "This was an active test of ... climate preparedness, and they failed."?

While more than 97 percent of the scientists who publish peer-reviewed research say that global warming is real and man-made, the issue remains highly charged. In conservative states, the term "climate change" is often associated with left-leaning politics.?

Planning for weather extremes is hampered by reluctance among many officials to discuss anything labeled "climate change," Horsley said.?

"In the Northeast, you can call it climate change. ... That's an acceptable term in that region of the country," he said. "Elsewhere, in the South and the (Mountain) West, it's still not an acceptable term because of ideology or whatever you want to call it."?

For example, Horsley said, in North Dakota, where there has been severe flooding in recent years, state officials avoid bringing up global warming, preferring to couch their discussions on how to shore up infrastructure as flood preparation.?

The Obama administration has also shied away from talking publicly about adaptation to climate change. Transportation Secretary Ray LaHood's office refused to allow any department officials to be interviewed by The Associated Press about the agency's efforts to help states adapt. The Transportation Department and other federal agencies are involved in preparing a national assessment of climate change impacts and adaptations that may be needed. Their report is expected to be finished in the next few months.?

Steve Winkelman, director of transportation and adaptation programs at the Center for Clean Air Policy, said he uses terms like "hazard mitigation" and "emergency preparedness" rather than climate change when talking to state and local officials.?

"This is about my basement flooding, not the polar bear ? what I call inconvenient sewer overflow," Winkelman said. "It makes it real."?

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Source: http://usnews.nbcnews.com/_news/2012/11/21/15343477-us-roads-airports-unready-for-extreme-weather?lite

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task: Ice rink dream meaning and interpretation

What do my dream about Ice rink really mean?

Only real true about dream, where you have seen various combination with Ice rink. All dream's symbols collected from different sources and cultures, so, please, select, adapt and interpret, how it fits best for you:

Traditionally:

European (Judeo-Christian)
- There isn?t any interpretation of dream in Christianity.

Hindu (Hinduism)
- There isn?t any explanation of dream in Hinduism.

Arabian (Islamic)
- to see or be in a dream on ice rink: your relationships are uncertain.

Explanation & Definition:

Short explanation
A specially frozen surface of water on which people skate or play ice hockey.

Complete definition
An ice rink (or ice skating rink) is a frozen body of water and/or hardened chemicals where people can ice skate or play winter sports. Besides recreational ice skating, some of its uses include ice hockey, figure skating and curling as well as exhibitions, contests and ice shows. There are two types of rinks in prevalent use today: natural, where freezing occurs from cold ambient temperatures, and artificial (or mechanically-frozen), where a coolant produces cold temperatures in the surface below the water, causing the water to freeze. There are also synthetic ice rinks where skating surfaces are made out of plastics.

Synonyms of ice rink
noun: ice-skating rink, ice; plural: ice-skating rinks, ices; related terms: ice hockey rink, ice-hockey rink, rink, skating rink.

Related dreams:

  1. Winter sport
  2. Ice
  3. Rub in
  4. Drought
  5. Shower

Source: http://www.dreamomania.com/dreamdictionary/sports/ice-rink_meaning/

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Source: http://zombiedsou.blogspot.com/2012/11/ice-rink-dream-meaning-and.html

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Thursday, November 22, 2012

Egypt's Morsi grants himself far-reaching powers

In this photo released by the Egyptian Presidency, President Mohammed Morsi, right, swears in his new Prosecutor General, Talaat Abdullah, left, in Cairo, Egypt, Thursday, Nov. 22, 2012. Egypt's president on Thursday issued constitutional amendments granting himself far-reaching powers and ordering the retrial of leaders of Hosni Mubarak's regime for the killing of protesters in last year's uprising. Morsi also on Thursday fired the country's top prosecutor by decreeing with immediate effect that he could only stay in office for four years and replacing him with Talaat Abdullah. Morsi fired Abdel-Maguid Mahmoud for the first time in October, but had to rescind his decision when he found that the powers of his office do not empower him to do so. (AP Photo/Egyptian Presidency

In this photo released by the Egyptian Presidency, President Mohammed Morsi, right, swears in his new Prosecutor General, Talaat Abdullah, left, in Cairo, Egypt, Thursday, Nov. 22, 2012. Egypt's president on Thursday issued constitutional amendments granting himself far-reaching powers and ordering the retrial of leaders of Hosni Mubarak's regime for the killing of protesters in last year's uprising. Morsi also on Thursday fired the country's top prosecutor by decreeing with immediate effect that he could only stay in office for four years and replacing him with Talaat Abdullah. Morsi fired Abdel-Maguid Mahmoud for the first time in October, but had to rescind his decision when he found that the powers of his office do not empower him to do so. (AP Photo/Egyptian Presidency

In this photo released by the Egyptian Presidency, President Mohammed Morsi, right, poses for a photograph with his new Prosecutor General, Talaat Abdullah, left, in Cairo, Egypt, Thursday, Nov. 22, 2012. Egypt's president on Thursday issued constitutional amendments granting himself far-reaching powers and ordering the retrial of leaders of Hosni Mubarak's regime for the killing of protesters in last year's uprising. Morsi also on Thursday fired the country's top prosecutor by decreeing with immediate effect that he could only stay in office for four years and replacing him with Talaat Abdullah. Morsi fired Abdel-Maguid Mahmoud for the first time in October, but had to rescind his decision when he found that the powers of his office do not empower him to do so. (AP Photo/Egyptian Presidency)

In this Friday, July 13, 2012 photo, Egyptian President Mohammed Morsi speaks to reporters during a joint news conference with Tunisian President Moncef Marzouki, unseen, at the Presidential palace in Cairo, Egypt. Egypt's president issued constitutional amendments Thursday, Nov. 22, 2012, granting himself far-reaching powers. (AP Photo/Maya Alleruzzo)

(AP) ? Egypt's Islamist president unilaterally decreed greater authorities for himself Thursday and effectively neutralized a judicial system that had emerged as a key opponent by declaring that the courts are barred from challenging his decisions.

Riding high on U.S. and international praise for mediating a Gaza cease-fire, Mohammed Morsi put himself above oversight and gave protection to the Islamist-led assembly writing a new constitution from a looming threat of dissolution by court order.

But the move is likely to fuel growing public anger that he and his Muslim Brotherhood are seizing too much power.

In what was interpreted by rights activists as a de facto declaration of emergency law, one of Morsi's decrees gave him the power to take "due measures and steps" to deal with any "threat" to the revolution, national unity and safety or anything that obstructs the work of state institutions.

Morsi framed his decisions as necessary to protect the revolution that toppled Hosni Mubarak nearly two years ago and to cement the nation's transition to democratic rule. Many activists, including opponents of the Brotherhood, criticize the judiciary as packed with judges and prosecutors sympathetic to Mubarak. Brotherhood supporters accuse the courts of trying to block their agenda.

"He had to act to save the country and protect the course of the revolution," said one of Morsi's aides, Pakinam al-Sharqawi, speaking on Al-Jazeera. "It is a major stage in the process of completing the January 25th revolution," she said, alluding to the starting day of last year's uprising against Mubarak.

In a nod to revolutionary sentiment, Morsi also ordered the retrial of Mubarak and top aides on charges of killing protesters during the uprising. He also created a new "protection of the revolution" judicial body to swiftly carry out the prosecutions. But he did not order retrials for lower-level police acquitted of such killings, another widespread popular demand that would disillusion the security forces if carried out.

Liberal politicians immediately criticized the decrees as dictatorial and destined to divide a nation already reeling from months of turmoil following Mubarak's ouster. Some said they exceeded the powers once enjoyed by Mubarak.

"Morsi today usurped all state powers & appointed himself Egypt's new pharaoh," pro-reform leader Mohamed ElBaradei wrote on Twitter. "A major blow to the revolution that could have dire consequences."

ElBaradei later addressed a news conference flanked by other prominent politicians from outside the Brotherhood, including two presidential candidates who ran against Morsi, Amr Moussa and Hamdeen Sabahi.

They pledged to cooperate to force Morsi to rescind his assumption of greater powers. "We will work together as Egyptians until we achieve the goals of our revolution," said ElBaradei, a former director of the U.N.'s nuclear agency and Nobel peace laureate.

They called for mass protests Friday to demand the dissolution of the declarations. The audience interrupted the press conference, chanting "Down with the Guide's rule," referring to the Supreme Guide of Morsi's Muslim Brotherhood group, Mohammed Badie.

The prospect of large rival protests involving Morsi's opponents and supporters in Cairo on Friday raises the likelihood of clashes.

Thousands from the rival camps were already out on the streets of Cairo late Thursday in an increasingly charged atmosphere.

A crowd of Brotherhood supporters massed outside the Supreme Court building and offices of the prosecutor general ? whom Morsi removed in Thursday's edict. They chanted slogans for "the cleansing of the judiciary," shouting, "The people support the president's decisions." Leading Brotherhood member Mohammed el-Beltagi, attending the rally, singled out several critics of Morsi from among the ranks of the judiciary for criticism.

Meanwhile, blocks away near Tahrir Square, hundreds of demonstrators held a fourth straight day of protests against Morsi and the Brotherhood. "Brotherhood is banned from entry," declared a large banner at the protest.

Wael Ghonim, an icon of the anti-Mubarak uprising, rejected Morsi's decisions, arguing the president could have protected the revolution without concentrating so much power in his hands.

"The revolution was not staged in search for a benign dictator, there is a difference between revolutionary decisions and dictatorial decisions. God is the only one whose decisions are not questioned."

The Egyptian leader decreed that all decisions he has made since taking office in June and until a new constitution is adopted and a new parliament is elected cannot be appealed in court or by any other authority. Parliamentary elections are not likely before next spring.

The decree also barred the courts from dissolving the controversy-plagued assembly writing the new constitution. Several courts have been looking into lawsuits demanding the panel be disbanded.

The Brotherhood and Morsi allies who dominate the assembly have pushed to give the draft an Islamist slant that opponents fear would marginalize women and minority Christians, infringe on personal liberties and even give Muslim clerics a say in lawmaking. Liberal and Christian members withdrew from the assembly during the past week to protest what they say is the hijacking of the process by Morsi's allies.

Morsi on Thursday extended by two months, until February, the deadline for the assembly to produce a draft, apparently to give members more time to iron out their differences.

He also barred any court from dissolving the Islamist-led upper house of parliament, a largely toothless body that has also faced court cases.

The president made most of the changes Thursday in a declaration amending an interim constitution that has been in effect since shortly after Mubarak's fall and has over time become a ramshackle patchwork. The military, which took power after Mubarak, set the precedent for the executive unilaterally issuing constitutional changes, which it did several times during its 16-month rule.

The moves come as Morsi basks in lavish praise from President Barack Obama and Secretary of State Hillary Rodham Clinton for mediating an end to eight days of fighting between Israel and Gaza's Hamas rulers. Clinton was in Cairo on Wednesday, when she held extensive talks with Morsi.

Morsi not only holds executive power, he also has legislative authority after a previous court ruling just before he took office on June 30 dissolved the powerful lower house of parliament, which was led by the Brotherhood. With two branches of power in his hands, Morsi effectively took away many prerogatives of the third, the judiciary.

The provision for a retrial of Mubarak appeared to be a gesture to public opinion. The decree called for "new investigations and trials" against those who held "political or executive" positions in the old regime and who are accused of killing protesters.

Mubarak was convicted in June to life in prison for failing to stop the killing of protesters during last year's uprising against his rule, but many Egyptians were angered that he wasn't convicted of actually ordering the crackdown and that his security chief, Habib el-Adly, was not sentenced to death. Several top police commanders were acquitted, and Mubarak and his sons were found not guilty of corruption charges.

But the decree would not mean retrials for the dozens of lower-level police officers who have been acquitted or received suspended sentences in trials for killing protesters ? verdicts that have outraged many Egyptians. That exclusion will guarantee Morsi the loyalty of the powerful but hated police force.

Morsi on Thursday also fired the country's top prosecutor, Abdel-Maguid Mahmoud. A Mubarak-era appointee, Mahmoud has faced widespread accusations that his office did a shoddy job collecting evidence against Mubarak, el-Adly and the police in trials.

Morsi first fired Mahmoud in October but had to rescind his decision when he found that the powers of his office do not empower him to do so. So on Thursday, he decreed that the prosecutor general could serve in office only for four years, with immediate effect on Mahmoud, who had held the post since 2006. Morsi replaced Mahmoud with Talaat Abdullah, a career judge, and swiftly swore him in.

Thursday's decisions were read on state television by Morsi's spokesman, Yasser Ali. In a throwback to the days of the authoritarian Mubarak and his predecessors Anwar Sadat and Gamal Abdel-Nasser, the television followed up with a slew of nationalist songs.

___

AP correspondent Aya Batrawy contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-11-22-ML-Egypt/id-21d19956694b46b39be3ae0f9e374d64

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Tuesday, November 20, 2012

Great apes have midlife crises too, study finds

At middle age, a great ape will neither cheat on a spouse nor buy a red sports car on impulse. But researchers have found that chimpanzees and orangutans experience midlife crises just as surely as do humans.

That finding, published Monday in the Proceedings of the National Academy of Sciences, could upend firmly held beliefs about the roots of human happiness and the forces that influence its odd trajectory across the life span. If our animal relatives share our propensity for sadness, withdrawal and frustration at life's midpoint, perhaps the midlife crisis is actually driven by biological factors ? not the wearing responsibilities of jobs and family and the dawning recognition of our mortality.

"This opens a whole new box in the effort to explain" the midlife dip in well-being, said senior author Andrew Oswald, a behavioral economist at the University of Warwick in England. "It makes one's head spin."

For men and women alike, social science researchers have located the winter of our discontent somewhere near the 50-year mark, wedged neatly between the vigor and drive of youth and the quest for meaning and happiness that marks the final decades of life. More than just a cultural cliche, the midlife crisis is the well-documented nadir of human well-being on the U-shaped curve of happiness that stretches between birth and death.

As happiness researchers have fanned out around the globe, they have documented this midlife trough in at least 65 countries, suggesting that it is a universal feature of human existence.

Until now, however, the social scientists that have dominated this burgeoning field of study have drawn on economic, psychological and sociological explanations. By midlife, youth's hot-blooded drive to mastery has driven off. Responsibilities abound. Decades of striving ? to raise a family, to establish oneself in the community, to climb the professional ziggurat ? have shown us the mountaintop and, with it, the limits of our reach and usefulness. A recognition of our mortality settles in.

In the years after midlife, the theory goes, humans shoulder fewer burdens for the care of others. Their time horizons are shorter, prompting them to focus on people and activities that give pleasure and meaning to their lives. They regret less.

Oswald had a hunch that these explanations were overlooking the fundamental role of biology in influencing mood. So he reached out to Alexander Weiss, a primatologist and evolutionary psychologist at the University of Edinburgh in Scotland who studies well-being in great apes.

The pair put together an international team of primatologists from Scotland, Japan and Arizona and devised an unprecedented census of well-being among 336 chimpanzees and 172 orangutans of all ages living in two research centers, one sanctuary and nine zoos across five countries.

To gauge the animals' well-being, the researchers turned to the keepers that knew them best and asked them a series of questions that might stymie even the most devoted dog or cat owner. Designed to capture the mood, sense of effectiveness and pleasure-seeking drive of apes across the life span, the questions were based on established methods of measuring human well-being but modified for this population.

Keepers were asked to rate the positive or negative mood of each subject and to gauge the degree of pleasure the animal derived from social situations. A third question was how successful each great ape was in achieving its goals ? whether winning a mate, commanding the attention of a fellow member of its social group or gaining hold of an out-of-reach toy. Finally, the study authors asked keepers to consider how happy they would be if they had to live as their chimpanzees or orangutans for a week.

When the composite well-being score for each ape was plotted according to his or her age, the result was the same distinctive U-shaped curve seen universally in humans. Around the ages of 28 and 35 ? roughly the midpoint of the chimpanzees' and orangutans' expected life spans ? moods sagged, animals became less socially engaged and they were less likely to persist in attaining the things they desired.

"I certainly was shocked," Oswald said.

While highly sociable, great apes lack the hallmarks of humanity most often associated with a drop in mood and well-being at midlife ? the ability to evaluate one's status relative to expectations, an awareness of one's mortality, and social and family responsibilities so burdensome they might induce stress.

And yet, noted Weiss, middle-aged chimps and orangutans experience more anxiety and less pleasure than their younger counterparts, and they're just not as successful at getting what they want. "You'd probably see it in their posture," he said: They are just not loving life.

For social scientists who saw shifts in happiness in strictly human terms, the findings were a forceful reminder that people have not evolved as far as we may think beyond the great apes, said Stacey Wood, a neuropsychologist at Scripps College in Claremont who wasn't involved in the study.

"It's a little humbling," said Wood, whose research focuses on the effects of age on happiness and emotional restraint.

For animals that live in mutually dependent societies, the findings suggest that a midlife drop in sociability serves some positive evolutionary purpose, she said.

"It pushes more toward the possibility that this is biological," added Arthur Stone, a professor of psychiatry at Stony Brook University in New York who was not involved with the study.

Whether it's hormones, brain structure, neurochemicals or some other factor that causes the middle-aged psyche to power down will require further research, Stone said. But from now on, he said, social explanations alone will not suffice.

Oswald, who describes himself as "58 and very happily accelerating," said that for forlorn midlifers, the study is a happy reminder that while humans may be programmed to suffer a dip in pleasure, it gets better.

"This suggests that it's completely normal, and that it's apparently out of your control," he said.

melissa.healy@latimes.com

Source: http://feeds.latimes.com/~r/latimes/news/science/~3/OOspZhgAOAI/la-sci-apes-midlife-crisis-20121120,0,5623506.story

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How To Retire Without Worrying About Social Security ...

By Melvin Pasternak (StreetAuthority | Original Link)

It?s probably the most important retirement question you can ask. But, unfortunately for you and for financial advisors, there?s no right way to answer it. The question is: How should I allocate my assets?

Your decision may?mean?the difference between relaxing on that yacht or chasing the mailman for yoursocial security?check.

Asset allocation?101
Simply stated, asset allocation means diversifying your?investments. It?s best expressed by the adage ?don?t put all your eggs in one basket.?Investing in just one type of security ? be it high-yield stocks or government?bonds?? subjects your portfolio to potentially devastating?market?fluctuations. A study by Brinson, Hood and Beebower found that asset allocation causes more than 90% of volatility in an investor?s returns.

Consider this example from the book The Four Pillars of Investing, by William Bernstein: During the 1973-1974?bear market, investors who only held stocks found themselves down more than 40%. But, investors who diversified by holding 25% stocks and 75% bonds lost less than 1% of their?net worth.

Still, asset allocation is more than just owning both stocks and bonds. How much you hold of each?asset?is just as important as the assets themselves.

For example, during the 2000-2002 bear market, a portfolio comprised of 80% stocks and 20% bonds lost a whopping 25.8%. But, a portfolio with 20% stocks and 80% bonds actually gained 16.5%, according to research in The Boglehead?s Guide to Investing.

Guidelines to proper asset allocation
How to effectively allocate your assets for future market performance is, however, a matter of personal preference and perception. The decision is based on factors like: 1) how much investing knowledge you have, 2) how long you think you might live and 3) how much of a legacy your hope to leave to your family. Each decision will influence your investing strategy.

While there are no hard and fast rules to effective asset allocation, here are some guidelines to a stress-free retirement:

1. Balance risk with reward.

A successful portfolio does just that. Fixed income tends to be more secure, but equities tend to return more over the long-term. In general, based on historical statistics, you can expect equities to return an average of 10% annually, fixed income to return 5% yearly, and cash or equivalents to return 3% in the long-term.

The first step to appropriate asset allocation is to decide how much you want to allocate to lower-risk, lower-return?fixed-income?instruments (such as bonds and?preferred stock) and how much capital you want to put toward higher-risk, higher-return equities.

In addition to stocks and bonds, your?investment?choices might also include money market funds, gold and silver, and insurance products, like annuities. If you?re a collector at heart, then you could try to invest in rare coins or baseball cards.

2. ?Find the right mix.

Although there?s no set rule for how you should allocate your assets, a conventional guideline is the 100 minus your age calculation. Take 100 minus your age as the percentage you should hold in stocks; the balance should be in fixed income. For example, if you?re currently 65, you?ll want keep 35% in stocks (100-65=35) and 65% in bonds (100-35=65).

3. Adjust as you age.

As long as you don?t live beyond age 100, the above formula will suit you fine. But maybe you?re a regular runner on a macrobiotic diet ? or you?ve been blessed with great genes. In that case, there are arguments the calculation should be increased to 110 or 120 minus your age. At 120 minus age 65, you?ll want to keep 55% in stocks (120-65=55%) and the remaining 45% in fixed income. Notice how the allocation of stocks to fixed income increases the longer your expected lifespan.

4. Use an online calculator.

If you find the above ?100/120 minus your age? guideline too general and still feel unsure about how to allocate your assets, you can try a free online calculator, like the ones found here and here. By putting in numbers like the value of your current or planned portfolio and how many years you plan to invest, an asset allocation calculator can help you fine-tune your investment strategy.

5. Have enough capital.

The key to a financially comfortable retirement is to have your assets outlive you. A good target is to have enough capital to comfortably withdraw an average of 4% annually for the rest of your (and your spouse?s) life. This 4% withdrawal guideline is based on an average portfolio growth rate of 7%, minus an average 3%?inflation?rate. Additionally, you?ll want the income from your investments to supplement any pension and old-age income you might receive.

6. Protect yourself from inflation.

Inflation is an important factor to consider in retirement planning. During the past century, inflation has occurred at an average clip of about 3.4% annually. When allocating your assets, think about how factors such as your age and your current level of capital might be affected by future inflation. Plan accordingly. For example, you might want to allocate at least 10% of your investment portfolio to gold. Historically, gold has held or increased its value during high inflation periods.

Action to Take ?>?Asset allocation can be daunting. But, taking the time to plan and design an ideal portfolio is worth its trouble in gold. Consider you age, your risk tolerance and your income needs. Then decide on the investments that are best suited for you. A well-planned allocation strategy may allow you to achieve even the most optimistic retirement dreams.

Note:?Another way to protect your retirement is with??Retirement Savings Stocks.??These little-known stocks could give you an extra $ 25,000, $ 45,000, even as much as $ 55,000 every year? whether the market goes up or down. StreetAuthority Publisher Lou Betancourt just finished a special report on these stocks.?Click here to access it now.

Melvin Pasternak, Ph.D.,? is an experienced market technician. He designed a course for TD Waterhouse titled ?Winning in the Stock Market,? which combined ??Read?More

Melvin Pasternak does not personally hold positions in any securities mentioned in this article.
StreetAuthority LLC does not hold positions in any securities mentioned in this article.

TheTradingReport

Source: http://www.thetraderswire.com/how-to-retire-without-worrying-about-social-security/

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Video: Chris Matthews? favorite part of election night: concession speeches

Theme parks get ready to engineer excitement in 2013

Theme parks may be all about escapist entertainment but big screens and special effects will only get you so far. When it comes to putting the ?thrill? in thrill rides, it?s the engineering that matters.

Source: http://www.msnbc.msn.com/id/3036697/vp/49892281#49892281

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Monday, November 19, 2012

Petraeus biographer said to regret affair

This July 13, 2011, photo made available on the International Security Assistance Force's Flickr website shows the former Commander of International Security Assistance Force and U.S. Forces-Afghanistan Gen. Davis Petraeus, left, shaking hands with Paula Broadwell, co-author of "All In: The Education of General David Petraeus."As details emerge about Petraeus' extramarital affair with his biographer, Broadwell, including a second woman who allegedly received threatening emails from the author, members of Congress say they want to know exactly when the now ex-CIA director and retired general popped up in the FBI inquiry, whether national security was compromised and why they weren't told sooner. (AP Photo/ISAF)

This July 13, 2011, photo made available on the International Security Assistance Force's Flickr website shows the former Commander of International Security Assistance Force and U.S. Forces-Afghanistan Gen. Davis Petraeus, left, shaking hands with Paula Broadwell, co-author of "All In: The Education of General David Petraeus."As details emerge about Petraeus' extramarital affair with his biographer, Broadwell, including a second woman who allegedly received threatening emails from the author, members of Congress say they want to know exactly when the now ex-CIA director and retired general popped up in the FBI inquiry, whether national security was compromised and why they weren't told sooner. (AP Photo/ISAF)

FILE - In this Nov. 13, 2012, file photo, Jill Kelley leaves her home in Tampa, Fla. The way the FBI responded to Jill Kelley?s complaint about receiving harassing emails, which ultimately unraveled or scarred the careers of ex-CIA Director David Petraeus and Marine Gen. John Allen, is the exception, not the rule. The FBI commonly declines to pursue cyberstalking cases without compelling evidence of serious or imminent harm to an individual, victims of online harassment, advocacy groups and computer crime experts told The Associated Press. (AP Photo/Chris O'Meara, File)

(AP) ? Paula Broadwell is telling friends she is devastated by the fallout from her extramarital affair with retired Gen. David Petraeus, which led to his resignation as head of the CIA.

A person close to Broadwell said Sunday she deeply regrets the damage that's been done to her family and everyone else's, and she is trying to repair that and move forward. The person spoke on condition of anonymity because he was not authorized to speak publicly.

A group of friends and neighbors welcomed Broadwell, her husband, Scott, and their young sons back to their home in Charlotte, N.C., after Broadwell spent more than a week being hounded by media while staying at her brother's home in Washington. The family associate said she was overwhelmed by the outpouring of support from her neighbors.

While Petraeus has given one interview, and communicated his regret over the affair through friends and associates, this is one of the first messages to the public from Broadwell.

Broadwell is still being investigated by the FBI over classified documents found on her laptop and in her home, which investigators believe the author gathered while researching her biography of Petraeus in Afghanistan. Investigators say many of the documents are old and may no longer be classified despite their labels, and say Broadwell told them she did not get them from Petraeus.

The FBI stumbled onto their relationship after tracking anonymous emails Broadwell allegedly sent to Tampa socialite Jill Kelley, warning Kelley to stay away from Petraeus and Afghanistan war commander Gen. John Allen.

Kelley served as sort of an unpaid social liaison for Central Command, hosting parties at her and her husband's home, where senior officers would mingle with Tampa's elite. Officials say Kelley kept in near constant contact with Allen, and Petraeus before him, apparently trading on her friendship with the four-star commanders to advance her social status in the military-conscious community of Tampa.

The scandal widened when the Pentagon announced it was looking into that copious correspondence between Kelley and Allen, searching for possible evidence of an inappropriate relationship between the two married people. Allen's nomination to lead the U.S. European Command has been put on hold, pending results of the investigation, though officials now concede only a handful of the emails between Kelley and Allen are of a flirtatious or questionable nature.

The FBI found no reason to further investigate Petraeus, but the CIA is now investigating whether the former director behaved inappropriately, such as possibly using agency resources to further the affair.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-11-19-Generals%20Scandal-Broadwell/id-a7340de9fd724c67af44685d5c8ee4e7

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