All Boeing 787 Dreamliner jets in Japan grounded









All 24 of Japan's Boeing 787 Dreamliner passenger jets were grounded for safety checks after one of the planes operated by All Nippon Airways made an emergency landing in western Japan.


Details of the problem were still being checked, ANA spokesman Takuya Taniguchi said Wednesday after the flight to Tokyo from Ube landed at the Takamatsu airport, where NTV television reported passengers had used emergency slides to exit the jet. The airport was temporarily closed.


The plane landed after a cockpit message showed battery problems. It was the latest of a series of problems including a battery fire and a fuel leak on ANA Dreamliners parked at Logan International Airport in Boston last week. No one has been seriously injured in any of the incidents.





Japan's Transport Ministry said the airlines that operate Dreamliners had grounded the planes voluntarily. ANA operates 17 of the jets and Japan Airlines has seven. The Japanese planes represent almost half of the 50 Dreamliners being flown commercially worldwide.


After the Boston incidents, the Federal Aviation Administration launched an unusual "comprehensive safety review of Boeing 787 critical systems," including a sweeping evaluation of the way that Boeing designs, manufactures and assembles the aircraft.


Boeing said it would participate in the review with the FAA and believed the process would bolster the public's confidence in the reliability of the aircraft.


The move came despite an "unprecedented" certification process for the 787 in which FAA technical experts logged 200,000 hours of work over nearly two years and flew on numerous test flights, FAA Administrator Michael Huerta said. There were more than a dozen new special conditions developed during the certification because of the Dreamliner's innovative design.


Certification of the Dreamliner was completed Aug. 25, 2011, and the first plane was delivered to All Nippon Airways a month later. It was more than three years late because of design problems and supplier issues.


The Dreamliner, a twin-aisle aircraft that can seat 210 to 290 passengers, is the first large commercial jet with more than half its structure made of composite materials (carbon fibers meshed together with epoxy) rather than aluminum sheets. Another innovative application is the change from hydraulically actuated systems typically found on passenger jets to electrically powered systems involving lithium ion batteries.


Times staff writers W.J. Hennigan in Los Angeles and David Pierson in Shanghai contributed to this report.





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New photos of BlackBerry X10 with QWERTY keyboard leak







New images of Research In Motion’s (RIMM) first BlackBerry 10-powered smartphone equipped with a full QWERTY keyboard have leaked ahead of the handset’s unveiling later this month. BlackBerry blog BlackBerry Empire on Monday evening published a pair of photos showing the face of the upcoming N-series smartphone along with the home screen and the app launcher.


[More from BGR: HTC One SV review]






As revealed by earlier images of the phone, the device closely resembles RIM’s previous-generation BlackBerry Bold 9900 from the front, sporting a slim flat design with a touchscreen situated above the famous four-row BlackBerry keyboard.


[More from BGR: Extensive BlackBerry Z10 demo video posted by German website [video]]


RIM will unveil the new handset, thought to be launching as the “BlackBerry X10,” during a press conference on January 30th where BGR will be reporting live. RIM’s first full touch BlackBerry 10 phone, the “BlackBerry Z10,” will also be unveiled at the event.


This article was originally published on BGR.com


Gadgets News Headlines – Yahoo! News





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Chicago rapper facing jail for parole violation


CHICAGO (AP) — Chicago rapper Chief Keef has been taken into custody after a juvenile court judge decided a video of him firing a semiautomatic rifle at a New York gun range was a violation of probation.


The artist, real name Keith Cozart, was sentenced last year to 18 months' probation after his conviction on aggravated unlawful use of a weapon charges for pointing a gun at police officers.


The Chicago Sun-Times reports (http://bit.ly/VJ1YUt) Judge Carl Anthony Walker said the video showed a disregard for the court's authority. Walker scheduled a Thursday sentencing hearing for the 17-year-old Cozart.


Defense attorney Dennis Berkson told Walker his client never took the gun outside of the range and the target practice was supervised.


Chief Keef's first album, "Finally Rich," was released last year to mixed reviews.


___


Information from: Chicago Sun-Times, http://www.suntimes.com/index


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Well: Boosting Your Flu Shot Response

Phys Ed

Gretchen Reynolds on the science of fitness.

As this year’s influenza season continues to take its toll, those procrastinators now hurrying to get a flu shot might wish to know that exercise may amplify the flu vaccine’s effect. And for maximal potency, the exercise should be undertaken at the right time and involve the right dosage of sweat, according to several recent reports.

Flu shots are one of the best ways to lessen the risk of catching the disease. But they are not foolproof. By most estimates, the yearly flu vaccine blocks infection 50 to 70 percent of the time, meaning that some of those being inoculated gain little protection. The more antibodies someone develops, the better their protection against the flu, generally speaking. But for some reason, some people’s immune systems produce fewer antibodies to the influenza virus than others’ do.

Being physically fit has been found in many studies to improve immunity in general and vaccine response in particular. In one notable 2009 experiment, sedentary, elderly adults, a group whose immune systems typically respond weakly to the flu vaccine, began programs of either brisk walking or a balance and stretching routine. After 10 months, the walkers had significantly improved their aerobic fitness and, after receiving flu shots, displayed higher average influenza antibody counts 20 weeks after a flu vaccine than the group who had stretched.

But that experiment involved almost a year of dedicated exercise training, a prospect that is daunting to some people and, in practical terms, not helpful for those who have entered this flu season unfit.

So scientists have begun to wonder whether a single, well-calibrated bout of exercise might similarly strengthen the vaccine’s potency.

To find out, researchers at Iowa State University in Ames recently had young, healthy volunteers, most of them college students, head out for a moderately paced 90-minute jog or bike ride 15 minutes after receiving their flu shot. Other volunteers sat quietly for 90 minutes after their shot. Then the researchers checked for blood levels of influenza antibodies a month later.

Those volunteers who had exercised after being inoculated, it turned out, exhibited “nearly double the antibody response” of the sedentary group, said Marian Kohut, a professor of kinesiology at Iowa State who oversaw the study, which is being prepared for publication. They also had higher blood levels of certain immune system cells that help the body fight off infection.

To test how much exercise really is required, Dr. Kohut and Justus Hallam, a graduate student in her lab, subsequently repeated the study with lab mice. Some of the mice exercised for 90 minutes on a running wheel, while others ran for either half as much time (45 minutes) or twice as much (3 hours) after receiving a flu shot.

Four weeks later, those animals that, like the students, had exercised moderately for 90 minutes displayed the most robust antibody response. The animals that had run for three hours had fewer antibodies; presumably, exercising for too long can dampen the immune response. Interestingly, those that had run for 45 minutes also had a less robust response. “The 90-minute time point appears to be optimal,” Dr. Kohut says.

Unless, that is, you work out before you are inoculated, another set of studies intimates, and use a dumbbell. In those studies, undertaken at the University of Birmingham in England, healthy, adult volunteers lifted weights for 20 minutes several hours before they were scheduled to receive a flu shot, focusing on the arm that would be injected. Specifically, they completed multiple sets of biceps curls and side arm raises, employing a weight that was 85 percent of the maximum they could lift once. Another group did not exercise before their shot.

After four weeks, the researchers checked for influenza antibodies. They found that those who had exercised before the shot generally displayed higher antibody levels, although the effect was muted among the men, who, as a group, had responded to that year’s flu vaccine more robustly than the women had.

Over all, “we think that exercise can help vaccine response by activating parts of the immune system,” said Kate Edwards, now a lecturer at the University of Sydney, and co-author of the weight-training study.

With the biceps curls, she continued, the exercises probably induced inflammation in the arm muscles, which may have primed the immune response there.

As for 90 minutes of jogging or cycling after the shot, it probably sped blood circulation and pumped the vaccine away from the injection site and to other parts of the body, Dr. Kohut said. The exercise probably also goosed the body’s overall immune system, she said, which, in turn, helped exaggerate the vaccine’s effect.

But, she cautions, data about exercise and flu vaccines is incomplete. It is not clear, for instance, whether there is any advantage to exercising before the shot instead of afterward, or vice versa; or whether doing both might provoke the greatest response – or, alternatively, be too much and weaken response.

So for now, she says, the best course of action is to get a flu shot, since any degree of protection is better than none, and, if you can, also schedule a visit to the gym that same day. If nothing else, spending 90 minutes on a stationary bike will make any small twinges in your arm from the shot itself seem pretty insignificant.

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All Boeing 787 Dreamliner jets in Japan grounded









All 24 of Japan's Boeing 787 Dreamliner passenger jets were grounded for safety checks after one of the planes operated by All Nippon Airways made an emergency landing in western Japan.


Details of the problem were still being checked, ANA spokesman Takuya Taniguchi said Wednesday after the flight to Tokyo from Ube landed at the Takamatsu airport, where NTV television reported passengers had used emergency slides to exit the jet. The airport was temporarily closed.


The plane landed after a cockpit message showed battery problems. It was the latest of a series of problems including a battery fire and a fuel leak on ANA Dreamliners parked at Logan International Airport in Boston last week. No one has been seriously injured in any of the incidents.





Japan's Transport Ministry said the airlines that operate Dreamliners had grounded the planes voluntarily. ANA operates 17 of the jets and Japan Airlines has seven. The Japanese planes represent almost half of the 50 Dreamliners being flown commercially worldwide.


After the Boston incidents, the Federal Aviation Administration launched an unusual "comprehensive safety review of Boeing 787 critical systems," including a sweeping evaluation of the way that Boeing designs, manufactures and assembles the aircraft.


Boeing said it would participate in the review with the FAA and believed the process would bolster the public's confidence in the reliability of the aircraft.


The move came despite an "unprecedented" certification process for the 787 in which FAA technical experts logged 200,000 hours of work over nearly two years and flew on numerous test flights, FAA Administrator Michael Huerta said. There were more than a dozen new special conditions developed during the certification because of the Dreamliner's innovative design.


Certification of the Dreamliner was completed Aug. 25, 2011, and the first plane was delivered to All Nippon Airways a month later. It was more than three years late because of design problems and supplier issues.


The Dreamliner, a twin-aisle aircraft that can seat 210 to 290 passengers, is the first large commercial jet with more than half its structure made of composite materials (carbon fibers meshed together with epoxy) rather than aluminum sheets. Another innovative application is the change from hydraulically actuated systems typically found on passenger jets to electrically powered systems involving lithium ion batteries.


Times staff writers W.J. Hennigan in Los Angeles and David Pierson in Shanghai contributed to this report.





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Saving this dinosaur took a skeleton crew









The urgent message went well beyond Robert Painter's usual areas of legal expertise — personal injury, commercial disputes, medical malpractice.


In less than 48 hours, the skeleton of a Tyrannosaurus bataar, a fierce cousin of Tyrannosaurus rex, would be up for auction.


"Sorry for the late notice," the email said. "Is there anything we can do to legally stop this?"





The president of Mongolia, whom Painter had met 10 years before at a public policy conference, was now asking the Houston lawyer to block the sale of a fossil that scientists believed had been looted from the Gobi Desert. The auction catalog described the specimen:


"The quality of the preservation is superb, with wonderful bone texture and delightfully mottled grayish bone color. In striking contrast are those deadly teeth, long and frightfully robust, in a warm woody brown color, the fearsome, bristling mouth and monstrous jaws leaving one in no doubt as to how the creature came to rule its food chain."


The sheer size and condition of the fossil seemed guaranteed to fetch a seven-figure price. When Painter read the email May 18, it was already 6:30 p.m. on a Friday. The auction was Sunday.


In the days that followed, Painter, a New York auctioneer, a Texas judge, federal prosecutors, the Mongolian president and a self-described "commercial paleontologist" would come together somewhat like the skeleton they were fighting for, disparate parts brought together through dogged effort and mysterious circumstances.


The fight would play out in federal courts in a case known as United States of America vs. One Tyrannosaurus Bataar Skeleton.


***


Since 1924, the Mongolian constitution has classified dinosaur fossils as "culturally significant," meaning they cannot be taken from the country without government permission. Over the years, the punishment for illegally keeping or smuggling dinosaur bones has varied from up to seven years in prison to 500 hours of forced labor or paying up to 500,000 tugriks, the Mongolian currency. (That's about $356.50.)


Cultural heritage is a sensitive subject for a people who, their history of Genghis Khan's empire-building notwithstanding, saw powerful, aggressive neighbors invade their lands repeatedly.


After advertising for the auction caught the attention of paleontologists worldwide, Mongolian officials and journalists quickly learned of the fossil with the "delightfully mottled grayish bone color."


"The dinosaur has the color of the Gobi sand," said Oyungerel Tsedevdamba, an advisor to Mongolian President Tsakhiagiin Elbegdorj. "Such color is very particular and familiar to us and belongs to this country."


On May 18, as Tsedevdamba was preparing to leave her home in the Mongolian capital, Ulan Bator, for a meeting, her husband, a science enthusiast, pointed out a news report he'd found online: A Tyrannosaurus bataar was going to be auctioned in New York.


Auctioned fossils are usually too expensive for universities to buy, and private sellers typically don't provide enough details on how or where they got them. That leaves many of the bones in the hands of wealthy fossil buffs, or museums that look the other way.


"Technically, public institutions are neither ethically allowed to own poached specimens, nor are scientists supposed to publish on poached specimens," said Philip Currie, a University of Alberta paleontologist who studied the Gobi Desert region for 15 years. "In other words, they become scientifically useless."


The Tyrannosaurus bataar was 24 feet long, stood 8 feet high and weighed two tons. Still, the beast was only two-thirds grown when it died 70 million years ago.


Though it never grew into a 34-foot adult, the Tyrannosaurus thrived on the abundant prey attracted to the Nemegt Basin, then a lush river plain that straddled what is today the Gobi Desert on the Mongolia-China border. The carnivore's main competitors were its own kind.


The creature's jaw still carries bite marks, apparently inflicted by another Tyrannosaurus bataar.


These predators were "scrappy," Currie said. "They weren't overly playful."





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Apple shares fall on reports of cuts to iPhone parts orders






(Reuters) – Shares in Apple Inc dipped below $ 500 for the first time in almost one year after reports it is slashing orders for screens and other components from its Asian supplier as intensifying competition erodes demand for its latest iPhone.


Japan‘s Nikkei reported on Monday that the world’s largest technology corporation began sharply reducing buying of liquid crystal displays about a month ago from suppliers like Japan Display Inc and Sharp Corp.






Sharp’s stock dipped as much as 7 percent in early trading on Tuesday and shares in South Korean Apple suppliers such as LG Display also fell.


“We can’t comment on individual clients,” said Miyuki Nakayama, a spokeswoman for Sharp, which builds iPhone 5 screens at its Kameyama plant in central Japan. Japan Display, a state-run business formed from the small LCD units of Sony Corp, Toshiba Corp and Hitachi Ltd also declined to discuss its orders.


The Nikkei report, later matched by the Wall Street Journal, comes as hard-charging rivals like Samsung Electronics, which makes phones based on Google Inc’s popular Android software, continue to expand market share globally.


Apple stock slid more than 4 percent to an intraday low of $ 498.51 — a level not seen since February 16, 2012 — before bouncing back to trade just above $ 500 at midday. The news also hurt shares of suppliers such as Cirrus Logic Inc, which dived 9 percent.


Some analysts argued that Apple and its manufacturing partners had struggled with quality issues that might have curtailed production times.


Dogged by low production yields, Sharp last year fell behind schedule for iPhone 5 screen shipments in the run-up to the phone’s launch in September. Sharp has yet to acknowledge that Apple is a customer.


“Our checks with supply chain contacts close to the situation identified a very different cause: a slower ramp in the manufacturing of iPhones and iPads (reflecting some quality control issues) and insufficient production lines,” said JoAnne Feeney of Longbow Research.


“Rather than ordering more components and having inventory build up further, Apple put component suppliers on notice to hold off, for the time being, on further shipments until it expanded its production lines – which it plans to complete by the end of the quarter.”


By some estimates, the holiday quarter may have been the worst for U.S. retailers since the 2008 financial crisis, with sales growth far below expectations. Other data yields a more mixed picture of holiday season demand.


Apple was not immediately available for comment. No one at Sharp was immediately available to comment on Monday – a national holiday in Japan – and parts suppliers to Apple in Taiwan declined to comment.


CUTBACKS


Apple has asked Japan Display, Sharp and LG Display Co Ltd to roughly halve supplies of LCD panels from an initial plan for about 65 million screens in January-March, the Nikkei cited people familiar with the situation as saying.


Japan Display’s plant in southwest Japan, where Apple has invested heavily, is expected to temporarily reduce output by up to 80 percent from October-December levels, the Nikkei reported, while Sharp’s dedicated facility for iPhone 5 LCDs will trim production in January-February by about 40 percent.


The move, if confirmed, would tally with analysts saying that sales of the new iPhone 5, which was released in September, have not been as strong as anticipated.


Apple has lost ground gradually to South Korean rival Samsung, as well as smaller, fast-growing rivals such as China’s Huawei Technologies Co Ltd and ZTE Corp.


Samsung overtook Apple in 2012 to become the world’s biggest seller of smartphones, helped in part by the popularity of its Galaxy Note II phone-cum-tablet and a vastly wider range of low- to high-end devices that appeal to a broad swath of consumers. Apple rolled out a single new smartphone last year.


Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the January-March quarter on December 14, saying that the technology company had started cutting orders to suppliers to balance excess inventory.


Apple also cut its orders for memory chips for its new iPhone from its main supplier and competitor Samsung, Reuters reported in September, quoting sources with direct knowledge of the matter.


The company has been cutting back its orders from Samsung as it seeks to diversify its memory chip supply lines.


Samsung said on Monday that global sales of its flagship Galaxy S smartphones had topped 100 million since the first model was launched in May 2010. The Galaxy S3, launched last May, sold more than 40 million in seven months.


The Galaxy S IV is expected within months and may sport an unbreakable screen, full high-definition quality resolution of 440 pixels per inch, and a more powerful processor.


It’s expected to increase its smartphone sales by more than a third this year and widen its lead over Apple, according to researcher Strategy Analytics. It forecast Samsung will sell 290 million smartphones in 2013 versus iPhone sales of 180 million.


Kim Sung-in, an analyst at Kiwoom Securities in Seoul, sees Samsung shipping 320 million smartphones this year and doubling sales of its tablets to 32 million.


(Reporting by Tokyo bureau, Avik Das and Sayantani Ghosh in Bangalore, Clare Jim in Taipei and Tim Kelly in Tokyo; Editing by Supriya Kurane, Andrew Hay and Alex Richardson)


Tech News Headlines – Yahoo! News





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AP source: Armstrong tells Oprah Winfrey he doped


AUSTIN, Texas (AP) — After a decade of denial, Lance Armstrong has finally come clean: He used performance-enhancing drugs to win the Tour de France.


The disgraced cyclist made the confession to Oprah Winfrey during an interview taped Monday, a person familiar with the situation told The Associated Press. The person spoke on condition of anonymity because the interview is to be broadcast Thursday on Winfrey's network.


The admission Monday came hours after an emotional apology by Armstrong to the Livestrong charity that he founded and took global on the strength of his celebrity as a cancer survivor who came back to win one of sport's most grueling events.


The confession was a stunning reversal, after years of public statements, interviews and court battles in which he denied doping and zealously protected his reputation.


Winfrey tweeted afterward, "Just wrapped with (at)lancearmstrong More than 2 1/2 hours. He came READY!" She was scheduled to appear on "CBS This Morning" on Tuesday to discuss the interview.


Even before the taping session with Winfrey began around 2 p.m., EST, Armstrong's apology suggested he would carry through on promises over the weekend to answer her questions "directly, honestly and candidly."


The cyclist was stripped of his Tour de France titles, lost most of his endorsements and was forced to leave the foundation last year after the U.S. Anti-Doping Agency issued a damning, 1,000-page report that accused him of masterminding a long-running doping scheme.


About 100 staff members of the charity Armstrong founded in 1997 gathered in a conference room as Armstrong arrived with a simple message: "I'm sorry." He choked up during a 20-minute talk, expressing regret for the long-running controversy tied to performance-enhancers had caused, but stopped short of admitting he used them.


Before he was done, several members were in tears when he urged them to continue the charity's mission, helping cancer patients and their families.


"Heartfelt and sincere," is how Livestrong spokesman Katherine McLane described his speech.


Armstrong later huddled with almost a dozen people before stepping into a room set up at a downtown Austin hotel for the interview.


The group included close friends and advisers, two of his lawyers and Bill Stapleton, his agent, manager and business partner. They exchanged handshakes and smiles, but declined comment when approached by a reporter. Most members of that group left the hotel through the front entrance around 5 p.m., although Armstrong was not with them.


No further details about the interview were available immediately because of confidentiality agreements signed by both camps. But Winfrey promoted it as a "no-holds barred" session, and after the voluminous USADA report — which included testimony from 11 former teammates — she had plenty of material for questions. USADA chief executive Travis Tygart, a longtime critic of Armstrong's, called the drug regimen practiced while Armstrong led the U.S. Postal Service team, "The most sophisticated, professionalized and successful doping program that sport has ever seen."


Armstrong also went after his critics ruthlessly during his reign as cycling champion. He scolded some in public and didn't hesitate to punish outspoken riders during the race itself. He waged legal battles against still others in court.


Betsy Andreu, the wife of former Armstrong teammate Frankie Andreu, was one of the first to publicly accuse Armstrong of using performance-enhancing drugs. She called news of Armstrong's confession "very emotional and very sad," and got choked up as well when asked to comment.


"He used to be one of my husband's best friends and because he wouldn't go along with the doping, he got kicked to the side. Lance could have a positive impact if he tells the truth on everything. He's got to be completely honest," she said.


At least one of his opponents, the London-based Sunday Times, has already filed a lawsuit to recover about $500,000 it paid him to settle a libel case, and Dallas-based SCA Promotions, which tried to deny Armstrong a promised bonus for a Tour de France win, has threatened to bring yet another lawsuit seeking to recover more than $7.5 million an arbitration panel awarded the cyclist in that dispute.


In addition, former teammate Floyd Landis, who was stripped of the 2006 Tour de France title for doping, has filed a federal whistle-blower lawsuit that accused Armstrong of defrauding the U.S. Postal Service. The Justice Department has yet to decide whether it will join the suit as a plaintiff.


The lawsuit most likely to be influenced by a confession might be the Sunday Times case. Potential perjury charges stemming from Armstrong's sworn testimony in the 2005 arbitration fight would not apply because of the statute of limitations. Armstrong was not deposed during the federal investigation that was closed last year.


Armstrong is said to be worth around $100 million. But most sponsors dropped him after USADA's scathing report — at the cost of tens of millions of dollars — and soon after, he left the board of Livestrong.


After the USADA findings, he was also barred from competing in the elite triathlon or running events he participated in after his cycling career. World Anti-Doping Code rules state his lifetime ban cannot be reduced to less than eight years. WADA and U.S. Anti-Doping officials could agree to reduce the ban further depending on what information Armstrong provides and his level of cooperation.


Whether his confession would begin to heal those ruptures and restore that reputation remains to be seen.


Diagnosed with testicular cancer in October 1996, the disease soon spread to his lungs and brains. Armstrong's doctors gave him a 40 percent chance of survival at the time and never expected he'd compete at anything more strenuous than gin rummy. Winning the demanding race less than three years later made Armstrong a hero.


___


Jim Litke reported from Chicago.


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Well: Turning to the Web for a Medical Diagnosis

Thirty-five percent of American adults said they have used the Internet to diagnose a medical condition for themselves or someone else, according to a new Pew Research Center study. Women are more likely than men to turn to the Internet for diagnoses. Other groups more likely to do so are younger people, white adults, people with college degrees and those who live in households with income above $75,000.

The study, released by Pew’s Internet and American Life Project on Tuesday, points out that Americans have always tried to answer their health questions at home, but that the Internet has expanded the options for research. Previous surveys have asked questions about online diagnoses, but the Pew study was the first to focus on the topic with a nationally representative sample, said Susannah Fox, an associate director at Pew Internet. Surveyors interviewed 3,014 American adults by telephone, from August to September 2012.

Of the one in three Americans who used the Internet for a diagnosis, about a third said they did not go to a doctor to get a professional medical opinion, while 41 percent said a doctor confirmed their diagnosis. Eighteen percent said a doctor did not agree with their diagnosis. As far as where people start when researching health conditions online, 77 percent said they started at a search engine like Google, Bing or Yahoo, while 13 percent said they began at a site that specializes in health information.

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CalPERS gains more than 13% in investment returns in 2012















































California's massive public employee pension system gained more than 13% in investment returns last year, most of it from stocks and real estate, the agency said.


It was the best year for the California Public Employees' Retirement System since 2006, when the fund gained 15.7%. CalPERS investments were up 1.1% in 2011 as it struggled to regain its footing after the Great Recession.


With more than $250 billion in assets, CalPERS is the largest public employee pension fund in the U.S. The agency administers retirement benefits for more than 1.6 million current and retired state, school and local government employees and their families.








Though it released returns for the calendar year, CalPERS reports on a fiscal year ending June 30. And its returns in the first six months of its current fiscal year were 7.1%, slightly below the 7.5% it had assumed it would gain for the full fiscal year.


"We're definitely pleased," said Joe DeAnda, a CalPERS spokesman. "Our hopes are that the performance will continue along these lines."


Investment returns are significant because they help dictate the amount of money that government agencies have to contribute to provide retirement benefits for employees. The importance of the fund's investments was magnified in 2008, when it lost 28% amid the global economic crisis and recession.


Rob Feckner, president of the CalPERS board, said he remains optimistic about the fund's future.


"As we emerge from this recession, I am positive we will continue on the path of improved transparency, accountability and ethics," he said.


stuart.pfeifer@latimes.com






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