Tuesday, July 10, 2012

Will Facebook's Move Into Job Postings Give LinkedIn A Run For Its Money?

Facebook Inc. (Nasdaq: FB), which is expected to claim one-seventh of humanity -- a user base of 1 billion -- in its grasp next month, is trying to give professional networking site LinkedIn Inc. (NYSE: LNKD) a run for its money with a proposed entry into the job-recruiting market.

The $68.78 billion-cap social networking giant plans to launch a new job search application in early August, according to sources familiar with the matter. The job board will make want ads available for search to millions of Facebook users by aggregating the postings of third-party providers, according to a Wall Street Journal report released last Friday. ?

Facebook's proposed plan could pose a grave threat to LinkedIn if the job board proposal evolves into a full-scale endeavor, the sources said, requesting anonymity as the plan remains confidential.

Some analysts, however, predict that the on-the-pipeline job search application will not eat into LinkedIn's market share. Most people consider LinkedIn the primary forum for job searches and career networking opportunities, according to a new analyst note from J.P. Morgan.

Furthermore, many Facebook users are becoming increasingly displeased with what they call an intrusion into their privacy and an exploitation of their personal data. People who wish to segregate their personal and professional lives will remain loyal to LinkedIn. Others would balk at the idea of a new job posting appearing publicly on their news feeds when they might wish to keep their job hunt under wraps.

The new job board plan is not Facebook's first attempt at tapping into a global job recruitment industry that is estimated to be as big as $4.3 billion. Last October, Facebook reached out to the U.S. Labor Department, vying for a partnership providing job-hunting resources by developing systems where postings could be delivered virally through the site, free of cost.

A Facebook official, who asked not to be identified, said the new initiative is an extension of the partnership with the Labor Department -- an alliance that could help Facebook gain more traction at a time of persistently high unemployment.

But analysts expect specialized job boards, like those offered at LinkedIn, to be more attractive to recruiters who seek talented and high-quality job candidates. ?

The social networking company is still working on the details of the plan. That involves decisions about posting job ads on users' news feeds and monetizing the service in the future.

LinkedIn shares were hit hard by the reports. They plunged 5.40 percent to close at 102.98 in late-afternoon trading on Monday. Facebook shares marginally rose 1.39 percent to close at 32.17.

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Source: http://au.ibtimes.com/articles/361155/20120710/facebook-linkedin-u-s-labor-department-job.htm

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Friday, July 6, 2012

Is China really the world's top economy? Much of the world thinks so

But much of the world would be wrong, according to recent study. China still lags far behind the US in GDP and personal wealth.?

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

Newly constructed residential buildings (back) are seen next to a construction site in Xi'an, Shaanxi province, China, in this May 25 file picture.

Rooney Chen/REUTERS/File

Enlarge

For the first time, more people around the globe think that China, not America, is the world?s biggest economic power.

Skip to next paragraph Peter Ford

Beijing Bureau Chief

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

Recent posts

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They are wrong, of course, at least for the time being. America?s economy is much larger than China?s however you measure it, and when it comes to personal wealth, there is no contest.

But a recent 21-country survey by the Pew Research Center offers a snapshot of global perceptions of power, and the results are sobering for the United States.

World's top 5 economies. Where is China?

Americans themselves are almost evenly split over who they perceive to be the premier global economic heavyweight: 40 percent say the US, 41 percent say China. (Interestingly, the Chinese have no such illusions about themselves ? they put America ahead by a margin of 48 to 29.)

Europeans seem most overawed by the China hype, with 62 percent of Germans putting China at the top of the heap, compared with just 13 percent who still see America as the world?s top economic power. In Britain the split is 58-28, in Spain it?s 57-26.?

Worldwide, 42 percent of respondents put China ahead of America; 36 percent perceived it the other way around.

That 42 percent of respondents are off the mark. There are different ways to measure the size of a national economy, but even using the system most generous to the Chinese, called Purchasing Power Parity (PPP), the US economy was nearly half as big again as its nearest rival, the Chinese one, in 2010, according to the IMF. US Gross Domestic Product weighed in at $14.5 trillion against China?s $10.1 trillion, according to the September 2011 IMF report.?

If you go by straightforward GDP, America?s economy is two-and-a-half times as big as China?s according to the World Bank. And if you compare personal wealth, well, there is no comparison.

America?s per capita GDP came in at nearly $50,000 last year, while China?s was just over $8,000 at the most generous estimate ? about the same as Ecuador and Belize.

Of course you could use other criteria than mere size to judge which nation is the world?s leading economic power; innovation, for example.

But China still lags well behind the US in that field too. And when it comes to how much each country has invested abroad, Americans account for 20 percent of global foreign direct investment and the Chinese for only about 1.5 percent.

When it comes to energy, dynamism, and growth potential, the Chinese do look more impressive. And, of course, China?s population is five times bigger than America?s. At current growth rates, China probably will have the biggest economy in the world (measured on the basis of PPP) within 15 years.

But it hasn?t happened yet, whatever people around the world may believe.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/alYI2oPKkMI/Is-China-really-the-world-s-top-economy-Much-of-the-world-thinks-so

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Thursday, July 5, 2012

Senex Scores A Double Oil Strike In Australia's Cooper Basin

Australia's Senex Energy said Wednesday that it has scored a double oil strike in the onshore Cooper Basin, South Australia.?

The company's first score was with an intersected 13 feet (4 meter) gross oil column in the Snatcher-5 appraisal well on PEL 111.?

?

Net oil pay of 7 feet (2.4 meters) was interpreted from wire line logs, with the well recovering 2.6 barrels of oil and minor oil-mud emulsion on testing. The well has been cased and suspended to allow for further evaluation of its use.?

?

The drilling rig, Ensign Rig 48, is now being moved to the Mustang-1 site in PEL 111, around (2 miles) 3 kilometers southwest of the Snatcher field.?

?

Senex holds a 60-percent stake in PEL 111, while Australia's Beach Energy holds the remaining 40-percent stake.

?

Senex's second score came with an intersected 20 feet (6 meter) gross oil column in the Cuisinier-6 appraisal well on the Barta Block of ATP 725P. Wire line logs confirmed the presence of an 18 feet (5.6 meter) gross oil column in the oil-bearing sands of the Murta formation with an interpreted net oil pay of 12 feet (3.8 meters).?

?

The drilling rig, Saxon Rig 184, is now being moved to the Cuisinier North-1 appraisal well, around (2 miles) 3 kilometers northeast of the Cuisinier-1 discovery well.?

?

"The well is to be cased as a future oil producer," Canada's Bengal Energy, one of the partners of ATP 752P, said in a statement.?

?

Australia's Santos is the operator of ATP 752P and the company holds a 45-percent interest. The remaining stake is held by Bengal (25-percent), Senex (15-percent) and Arrow Energy (15-percent).?

?

Quintella has reported on the upstream and downstream oil and petrochemicals markets from 2004. Email Quintella at quintella.koh@rigzone.com.

Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

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Source: http://www.rigzone.com/news/article.asp?a_id=119099&rss=true

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Bahrain: Court orders monitoring for 11-year-old

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Source: http://news.yahoo.com/bahrain-court-orders-monitoring-11-old-110426663.html

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Quantum computing, no cooling required: Room-temperature quantum bits store data for nearly two seconds

ScienceDaily (July 3, 2012) ? It's a challenge that's long been one of the holy grails of quantum computing: how to create the key building blocks known as quantum bits, or qubits, that exist in a solid-state system at room temperature.

Most current systems, by comparison, rely on complex and expensive equipment designed to trap a single atom or electron in a vacuum and then cool the entire system to close to absolute zero.

A group of Harvard scientists, led by Professor of Physics Mikhail Lukin and including graduate students Georg Kucsko and Peter Maurer and postdoctoral researcher Christian Latta, say they've cracked the problem, and they did it by turning to one of the purest materials on Earth: diamonds.

Using a pair of impurities in ultra-pure, laboratory-grown diamonds, the researchers were able to create quantum bits and store information in them for nearly two seconds, an increase of nearly six orders of magnitude over the life span of earlier systems. The work, described in the June 8 issue of Science, is a critical first step in the eventual construction of a functional quantum computer, and has a host of other potential applications.

"What we've been able to achieve in terms of control is quite unprecedented," Lukin said. "We have a qubit, at room temperature, that we can measure with very high efficiency and fidelity. We can encode data in it, and we can store it for a relatively long time. We believe this work is limited only by technical issues, so it looks feasible to increase the life span into the range of hours. At that point, a host of real-world applications become possible."

In addition to a practical quantum computer, Lukin envisions the system being used in applications that include "quantum cash" (a payment system for bank transactions and credit cards that relies on the coding of quantum bits to thwart counterfeiters) and quantum networks (a highly secure communications method that uses quantum bits to transmit data).

"This research is an important step forward in research toward one day building a practical quantum computer," said Kucsko, who works in Lukin's lab and is one of two first authors of the paper. "For the first time, we have a system that has a reasonable timescale for memory and simplicity, so this is now something we can pursue."

The groundwork for Lukin's breakthrough was laid several years ago, when researchers discovered that nitrogen-vacancy (NV) centers, atomic-scale impurities in lab-grown diamonds, behave in the same way as single atoms. Like individual atoms, each center possesses a spin, which can be polarized, similar to on a bar magnet. Using lasers, researchers are able not only to control the spin, but to detect its orientation as it changes over time.

But the idea of using the NV centers to form the backbone of a quantum computer simply wasn't practical, largely because they can only hold data for about one-millionth of a second before their quantum properties -- and any data they may have held -- are lost.

The culprit, Lukin said, was another impurity in the diamond crystal.

In initial experiments, the team used diamonds that contained 99 percent carbon-12 atoms, which have no spin. The remainder, however, was made up of carbon-13 atoms, a tricky isotope that contains a spin in the atom's nucleus. Though weak, the interaction with those spins was causing the NV centers' short life spans.

With this latest research, however, Lukin and his team turned what was once a challenge -- the interaction between the NV center and carbon-13 atoms? -- to their advantage.

"The nuclear spin of the carbon-13 makes an ideal quantum bit, because they are very isolated," Lukin said. "Because they interact with so few outside forces, they have relatively long coherence times. Of course, the same properties that make them ideal qubits also make them difficult to measure and manipulate."

The solution Lukin and his team came up with was surprisingly elegant. Rather than trying to find a way to measure the spin of the carbon atoms, they used the NV center to do it for them.

Working with researchers at Element Six, a British-based company that specializes in manufacturing artificial diamonds, they developed a new technique to create crystals that were even more pure: 99.99 percent carbon-12. Researchers then bombard the crystal with nitrogen to create the NV center, which interacts with a nearby carbon-13 atom.

The result of that interaction is that the NV center mirrors the state of the carbon atom, meaning researchers can encode a bit of information into the spin of the atom, then "read" that data by monitoring the NV center.

"The system we've developed uses this very local probe, the NV center, to allow us to monitor that spin," Lukin said. "As a result, for the first time, we can encode a bit of information into that spin, and use this system to read it out."

However, encoding information into the spin of the carbon-13 atom and reading it out using the NV center is only a step on the road to a quantum computer. To truly be useful, researchers had to determine how to take advantage of the atom's quantum properties -- that is, its ability to occupy two states simultaneously.

That ability to be in two states at the same time is a key principle of quantum computers. As opposed to traditional computers, which encode bits of information as either zero or one, quantum computers rely on atomic-scale quantum mechanics to give quantum bits both values at once. That property, in theory, allows quantum computers to perform multiple computations in parallel, making them vastly more powerful than traditional computers, which perform operations in sequence.

The solution, Lukin explained, was a two-step process.

The first step is to cut the connection between the NV center and the carbon atom. Using massive amounts of laser light, researcher are able to effectively keep the NV center occupied and prevent it from interacting with the carbon atom. In step two, the diamond crystal is bombarded with a specific set of radio frequency pulses, suppressing the interaction between the carbon-13 atom and any nearby atoms.

"By limiting interactions with the carbon-13 atom, we can extend the life of the qubit and hold the data for longer," Lukin said. "The end result is that we're able to push the coherence time from a millisecond to nearly two seconds."

Researchers at the California Institute of Technology and the Max-Planck-Institut f?r Quantenoptik also participated in the research. Funding was provided by theNational Science Foundation, the Center for Ultracold Atoms, the Defense Advanced Research Projects Agency, Element 6, the Packard Foundation, the European Union, the Swiss National Science Foundation, and the Sherman Fairchild Foundation.

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Story Source:

The above story is reprinted from materials provided by Harvard University.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. P. C. Maurer, G. Kucsko, C. Latta, L. Jiang, N. Y. Yao, S. D. Bennett, F. Pastawski, D. Hunger, N. Chisholm, M. Markham, D. J. Twitchen, J. I. Cirac, M. D. Lukin. Room-Temperature Quantum Bit Memory Exceeding One Second. Science, 2012; 336 (6086): 1283 DOI: 10.1126/science.1220513

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/~3/S11f360Mpis/120703181909.htm

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Spotify For BlackBerry Is Here. Does It Matter?

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Source: http://news.yahoo.com/spotify-blackberry-does-matter-215441177.html

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Ark. gov weighing Medicaid expansion after ruling

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Source: http://news.yahoo.com/ark-gov-weighing-medicaid-expansion-ruling-160843372--finance.html

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