New highs for SGX's derivatives & commodities markets in 2012

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SINGAPORE: The Singapore Exchange's derivatives and commodities markets achieved record highs in 2012.

However as in most global markets, trading activities declined.

Turnover dropped 12 per cent in 2012 to S$321.5 billion.

However securities market performance, as measured by the Straits Times Index, was up 20 per cent last year.

In December, turnover was up 39 per cent from a year earlier at S$23.2 billion.

Meanwhile, derivatives volume in 2012 reached a new high of 80.2 million contracts, up 11 per cent.

The volume of agri-commodity futures also grew 56 per cent in 2012 to 255,815 contracts.

- CNA/jc



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Pure adds louder Jongo and hi-fi adapter to streaming range

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The Pure Jongo T640B wants to be your main hi-fi.



(Credit:
Pure)


LAS VEGAS--Pure is a British company trying to crack the streaming-audio market with a set of cheap, colorful Wi-Fi and Bluetooth speakers that offer some of the functions of a Sonos. Today it's adding a higher-end speaker to the midrange model that it announced last year.


Called the Jongo T640B, Pure says it's designed to act as the main hi-fi in a living room. With 100 watts of power produced by two 5-inch drivers, it may well have a point. Stands are available from Pure so the Jongo can sit upright rather than lying down, or be mounted on the wall.


Jongo products are designed to be used with smartphones and
tablets. Download Pure's app and you can stream the music on your device to the speaker using Bluetooth or Wi-Fi.


If you have more than one Jongo, they can all be set up to play the same piece of music simultaneously, but you can't send different tracks to be played on two or more Jongos from the same phone or tablet. Pure says its app works with iPhones, iPads, and
iPod Touches running at least iOS 5 and
Android version 2.2.


The Pure Jongo A140B is an adapter for an existing hi-fi with Wi-Fi and Bluetooth.



(Credit:
Pure)

The Jongo T640B will sell for $329 in the U.S. and £250 in the U.K., which makes it cheaper than Sonos' Play:5, but more expensive than the Play:3. Given the huge number of extra functions the Sonos products have, it's going to have to sound amazing to justify that price tag. It'll ship in the first half of the year.

Pure is also announcing a new hi-fi adapter today that adds the same streaming-audio functions to an existing hi-fi. Called the Jongo A140B, it has Wi-Fi and Bluetooth with analogue audio outputs plus optical and coaxial digital ports. Plug one of those into an old hi-fi you have knocking around, and you can use the Pure app to stream music in the same way as the other Jongo speakers.

It will sell for $119 in the U.S. and 99 pounds in the U.K. when it ships this year, which is slightly more than Apple's AirPort Express. Apple's product doesn't have Bluetooth, but even so that seems on the expensive side to me.

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Best Pictures: 2012 Nat Geo Photo Contest Winners

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Hagel to Be Obama's Defense Secretary Nominee

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Jan 6, 2013 4:52pm







gty chuck hagel kb 121220 wblog Obama Will Nominate Chuck Hagel as Next Defense Secretary

(Junko Kimura/Getty Images)


WASHINGTON, D.C. — President Obama will nominate former senator Chuck Hagel to be his next Secretary of Defense tomorrow.


Senior officials within the administration and Capitol Hill confirmed the pick to ABC News today after the Nebraska Republican had emerged as a frontrunner among potential candidates several weeks ago.


Hagel, 66, is a decorated Vietnam veteran and businessman who served in the senate from 1997 to 2009. After having sat on that chamber’s Foreign Relations and Intelligence Committees,  he has in recent years gathered praise from current and former diplomats for his work on Obama’s Intelligence Advisory Board as well as the policy board of the current Defense Secretary Leon Panetta.


But the former lawmaker faces an upscale battle in the coming confirmation hearings in Congress; critics on both sides of the aisle have taken aim at his record toward Israel and what some have called a lack of experience necessary to lead the sprawling Pentagon bureaucracy or its operations.


Progressives have also expressed concern about comments he made in 1998, questioning whether an “openly, aggressively gay” James Hormel could be nominated to an ambassador position by then-President Clinton. Hagel apologized for the comments last month, adding that he also supported gays in the military – a position he once opposed.


Who Is Chuck Hagel? Meet Obama’s Top Pentagon Pick


The friction with his former colleagues has left a degree of uncertainty in the air going into the hearings. Today on ABC’s “This Week,” Senate Republican Leader Mitch McConnell demurred when asked whether he would support the man who, in 2008, he had championed for his candidness and stature in foreign policy.


“I’m going to wait and see how the hearings go and see whether Chuck’s views square with the job he would be nominated to do,” he told George Stephanopoulos.


Senator Lindsey Graham was more blunt in his opposition to Hagel on CNN. The Georgia Republican called Hagel an “in your face nomination,” and said he “would be the most antagonistic secretary of defense towards the state of Israel in our nation’s history.”


If confirmed, Hagel will join a crop of new cabinet members expected to join the president in his second term, including Sen. John Kerry, D-Mass., who was nominated in December to replace Hillary Clinton as Secretary of State.


ABC’s Elizabeth Hartfield and Devin Dwyer contributed reporting.



SHOWS: Good Morning America This Week World News







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Silent Skype calls can hide secret messages

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Got a secret message to send? Say it with silence. A new technique can embed secret data during a phone call on Skype. "There are concerns that Skype calls can be intercepted and analysed," says Wojciech Mazurczyk at the Institute of Telecommunications in Warsaw, Poland. So his team's SkypeHide system lets users hide extra, non-chat messages during a call.












Mazurczyk and his colleagues Maciej Karaś and Krysztof Szczypiorski analysed Skype data traffic during calls and discovered an opportunity in the way Skype "transmits" silence. Rather than send no data between spoken words, Skype sends 70-bit-long data packets instead of the 130-bit ones that carry speech.












The team hijacks these silence packets, injecting encrypted message data into some of them. The Skype receiver simply ignores the secret-message data, but it can nevertheless be decoded at the other end, the team has found. "The secret data is indistinguishable from silence-period traffic, so detection of SkypeHide is very difficult," says Mazurczyk. They found they could transmit secret text, audio or video during Skype calls at a rate of almost 1 kilobit per second alongside phone calls.












The team aims to present SkypeHide at a steganography conference in Montpellier, France, in June.


















































If you would like to reuse any content from New Scientist, either in print or online, please contact the syndication department first for permission. New Scientist does not own rights to photos, but there are a variety of licensing options available for use of articles and graphics we own the copyright to.




































All comments should respect the New Scientist House Rules. If you think a particular comment breaks these rules then please use the "Report" link in that comment to report it to us.


If you are having a technical problem posting a comment, please contact technical support.








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Football: Wolves sack Solbakken after FA Cup exit

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LONDON: Stale Solbakken was sacked as manager of Championship side Wolves on Saturday, just hours after the club had been dumped out of the FA Cup by non-league Luton.

The struggling side, who were relegated from the Premier League last season, also terminated the contracts of assistant manager Johan Lange and Patrick Weiser, the first team coach.

Wolves are currently 18th in the Championship, having won just three out of their last 16 league games and a disappointing run of results culminated in Saturday's FA Cup third round 1-0 defeat to Luton Town.

Solbakken had only been in charge at Molineux for six months.

"Kevin Thelwell, head of football development and recruitment, will take charge of first team training until a new manager is appointed, assisted by development coach, Steve Weaver," said a club statement.

"The club would like to offer their thanks and best wishes to Stale, Johan and Patrick."

The 44-year-old Solbakken, who had previously been in charge of German side Cologne, replaced Terry Connor in the Wolves hotseat last summer.

He becomes the 10th Championship manager to leave his club this season while Wolves now search for their fourth boss in under a year.

Speaking after Saturday's match, the Norwegian had said he was not "embarrassed" by the defeat.

"There will be a lot of questions over me but that is normal, that's football and I have to take that, it's no problem," he said.

"I can put it right. I'm not embarrassed by the result, I can't fault the players' effort. First half we did well, but second half we didn't because our physical presence in the box was not enough."

- AFP/de



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Views of a living Mars take the rouge off

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This could have been Mars back before the dinosaurs built a super space ramp to our planet, at least according to software engineer and artist Kevin Gill.



(Credit:
Kevin Gill)


What if the Red Planet weren't always in that constant state of blushing? Kevin Gill, a software engineer who also re-engineers planets every now and then, imagines Mars might long ago have looked quite a bit more like the aqua-green marble we call home.


To create the above image, Gill used data from NASA's Mars Reconnaissance Orbiter (MRO), picked an arbitrary sea level, and used a script to cover all the surfaces of Mars below that line with a nice shade of royal blue. From there, Gill writes on Google+ that it was a combination of some earthly textures borrowed from NASA and Gill's own imagination -- adhering of course to the kind of strict logic you'd expect from a career engineer... and an artist.


There is no scientific reasoning behind how I painted it; I tried to envision how the land would appear given certain features or the effects of likely atmospheric climate. For example, I didn't see much green taking hold within the area of Olympus Mons and the surrounding volcanoes, both due to the volcanic activity and the proximity to the equator (thus a more tropical climate). For these desert-like areas I mostly used textures taken from the Sahara in Africa and some of Australia. Likewise, as the terrain gets higher or lower in latitude I added darker flora along with tundra and glacial ice. These northern and southern areas' textures are largely taken from around northern Russia. Tropical and subtropical greens were based on the rainforests of South America and Africa.

Paint by number, you have met your match.



Of course, Gill points out that "this wasn't intended as an exhaustive scientific scenario" but hopes some of his assumptions will prove to be true. Here's hoping the Curiosity rover has a secret time machine built in that NASA hasn't told us about yet, so we can see just how close Gill is to the real deal.


Here are a few alternate views Gill cooked up:



A wet Mars with its own Atlantis adrift in a vast sea.



(Credit:
Kevin Gill)



Here's a closer view of the Martian land mass with added oceanic action:





(Via The Register)


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Best Pictures: 2012 Nat Geo Photo Contest Winners

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City Answers Gang-Rape Cover-Up Allegations

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As Steubenville, Ohio, prepares for the high-profile rape trial of two high school football players, officials, battling allegations of a cover-up, announced the creation of a new website today to debunk rumors and create what they said would be a transparent resource for the community.


"This site is not designed to be a forum for how the Juvenile Court ought to rule in this matter," the website, called Steubenville Facts, said.


A timeline of the case, beginning with the alleged gang rape of a 16-year-old girl at a party on Aug. 11-12, 2012, is posted on the site. Summaries of Ohio law relating to the case and facts about the local police force including statistics on how many graduated from Steubenville schools, is included.


The case gained national attention last week when hacking collective Anonymous leaked a video of Steubenville high school athletes mocking the 16-year-old female victim and making crude references to the alleged rape.






Steubenville Herald-Star, Michael D. McElwain/AP Photo







"It's disgusting, and I've had people calling, numerous people call here, upset, they have seen it, one woman, two women were crying, because of what they witnessed," Jefferson County Sheriff Fred Abdalla said. "It really is disgusting to watch that video."


Anonymous has called for more arrests, however Steubenville Police have said their hands are tied.


"Steubenville Police investigators are caring humans who recoil and are repulsed by many of the things they observe during an investigation," the website said, addressing the video. "Like detectives in every part of America and the world, they are often frustrated when they emotionally want to hold people accountable for certain detestable behavior but realize that there is no statute that allows a criminal charge to be made."


Occupy Steubenville, a grassroots group, estimated 1,300 people attended a rally today outside the Jefferson County Courthouse, where rape victims and their loved ones gathered to share their stories.


The father of a teenage rape victim was met with applause when he shared his outrage.


"I've tried to show my girl that not all men are like this, but only a despicable few," he said. "And their mothers that ignore the truth that they gave birth to a monster."


Authorities investigated the case and charged two Steubenville high school athletes on Aug. 22, 2012.


The teenagers face trial on Feb. 13, 2013 in juvenile court before a visiting judge.


Attorneys for the boys have denied charges in court.



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Graphic in-car crash warnings to slow speeding drivers

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Paul Marks, chief technology correspondent


142093734.jpg

(Image: Cityscape/a.collection/Getty)


"You would die if you crashed right now." Would such a warning make you take your foot off the accelerator? That's the idea behind a scheme to warn drivers of the consequences of speeding developed by engineers at Japan's Fukuoka Institute of Technology and heavy goods vehicle maker UD Trucks, also in Japan. They are developing what they call a "safe driving promotion system" that warns drivers what kind of crash could ensue if they don't slow down.






Their patent-pending system uses the battery of radar, ultrasound sonar and laser sensors found in modern cars and trucks to work out the current kinetic energy of a vehicle. It also checks out the distance to the vehicle in front and keeps watch on its brake lights, too. An onboard app that has learned the driver's reaction time over all their previous trips then computes the likelihood of collision - and if the driver's speed is risky, it displays the scale of damage that could result.


The warning that flashes up could vary from something like a potential whiplash injury due to a rear-end shunt to a fatal, car-crushing collision with fire. The inventors hope this kind of in-car advice will promote safety more forcefully than current warning systems, which merely display the distance to the vehicle in front. "A sense of danger will be awakened in the driver that makes them voluntarily refrain from dangerous driving," they predict.




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