Wednesday, July 25, 2012

Filmmaker To Become Member Of Ugandan Clan

Filmmaker Alan Hofmanis with Ugandan clan.

NEW YORK?There are thousands of films produced all over the world each year?many without the luxury of a Hollywood studio for support. Amongst the most hard-pressed of filmmakers are those working within third-world countries.

Isaac Godfrey Geoffrey (I.G.G.) Nabwana is a loving father who produces, directs, and edits action movies from his home in the slums of Wakaliga, Uganda. Funny, touching, and inspiring, ?Wakaliwood: The Documentary? celebrates the pure joy of creativity and the power held by a community when united by a common dream.

There are few resources for filmmakers in Uganda. Out of necessity, I.G.G. Nabwana founded Wakaliwood, a community of actors, filmmakers, and technicians dedicated to building an independent film industry. The term ?Wakaliwood? is a combination of Hollywood and Wakaliga, the slum I.G.G. calls home.

As in the early days of Hollywood, Wakaliwood must build all the equipment and rely on their ingenuity and available materials. For example, the guns they use as props are either carved from wood or welded from car parts and scrap metal. Their tripod is a modified car jack. The computer used for editing, sound mixing, and special effects is built by I.G.G. Nabwana himself and constantly overheats in the Ugandan climate.

Everyone in Wakaliwood works multiple jobs to earn a living, but distribution is the main source of revenue. Cast and crew keep a share of the DVDs they sell at street corners and the local markets. Complicating matters is the fact that Wakaliwood has roughly six days after each new film to make their money, as by that time the film has been pirated and revenue plummets.

Filmmaker and film festival programmer Alan Hofmanis felt compelled to meet I.G.G. Nabwana after watching a 90-second trailer for ?Who Killed Captain Alex,? Uganda?s first action film (hits for I.G.G.?s films number in the millions on YouTube).

?We clicked immediately. We were like two excited kids sharing our favorite movies: Terminator, Predator, the Rambo films.? Hofmanis explained. ?Before I knew it I was adopted by the Nkima (Monkey) clan and became the first muzungu (Westerner) to appear in Ugandan cinema.? Hofmanis co-stars in I.G.G. Nabwana?s latest action film, Black, in post-production.

Upon returning to the United States, filmmaker Ben Barenholtz quickly came on board the documentary project. ?I jumped at the chance,? Barenholtz confesses. ?Uganda is a place that I never anticipated making a documentary, but Isaac?s story inspired me on many levels.?

Within weeks, the two filmmakers, joined by cinematographer Andreas von Scheele, were on a flight to Uganda.

On August 20, a crowdfunding campaign via Kickstarter will be launched for??Wakaliwood: The Documentary.? The film and campaign will build awareness of the accomplishments of Ugandan filmmaker IGG Nabwana, as well as the joy, struggle, and passion shared by all the members of the Wakaliwood community.

About Alan Hofmanis Alan Hofmanis is the first American to visit and document Wakaliwood, a community of actors, filmmakers, and technicians producing Hollywood-inspired action movies in the slums of Wakaliga, Uganda. Adopted by the Nkima (Monkey) clan and given the Bugandan name Ssali, he is the international ambassador for Wakaliwood and Ramon Film Productions, the production company responsible for Uganda?s first action film, Who Killed Captain Alex? (2010) and its sequel Rescue Team (2011).? In 2012 he starred in the Ugandan action film Black and in the process became the first muzungu (Westerner) to appear in Ugandan cinema.

Previously, Alan Hofmanis served as Director of Programming for the Lake Placid Film Forum and as Director of Special Programming for Cinema Arts Centre in Huntington, NY.

Source: http://www.sandiegocountynews.com/2012/07/25/filmmaker-to-become-member-of-ugandan-clan/

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Netflix shares fall 14 percent as outlook disappoints

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Source: http://news.yahoo.com/netflix-posts-profit-second-quarter-202009778--finance.html

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Sunday, July 22, 2012

Eight injured in riots at Syrian refugee camp in Turkey

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Source: http://news.yahoo.com/eight-injured-riots-syrian-refugee-camp-turkey-192828391.html

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Saturday, June 23, 2012

Pregnant women should avoid alcohol during pregnancy, experts say

ScienceDaily (June 22, 2012) ? Experts at the University of California, San Diego School of Medicine disagree with a series of new studies from Denmark that suggest consumption of up to 8 alcoholic drinks a week or occasional binge drinking during pregnancy is generally safe for the developing baby.

Kenneth Lyons Jones, MD, professor in the UCSD Department of Pediatrics and a renowned expert in birth defects, and Christina Chambers, MPH, PhD, director of the California Teratogen Information Service (CTIS) Pregnancy Health Information Line, say these studies are misleading to pregnant women, citing more than 30 years of research to the contrary.

"This series of studies collected data on alcohol exposure during an interview conducted sometime between 7 and 39 weeks of pregnancy. The quantity and frequency of alcohol consumed was based on mother's recall which may not be accurate," said Jones who was one of the first doctors to identify Fetal Alcohol Syndrome (FAS) in 1973.

Published in BJOG: An International Journal of Obstetrics and Gynecology, the series of studies analyzed data from more than 1,600 women in the Danish National Birth Cohort. The amount of alcohol consumed by the women during their pregnancy was classified as either none, low, moderate, or high. In addition, binge drinking was defined as having 5 or more drinks on a single occasion. When the child reached the age of 5, the children underwent various development tests. Researchers found no significant association between prenatal alcohol consumption at low and moderate levels and general intelligence, attention, executive function or IQ. However, only half of the women invited in the follow-up studies agreed to participate. It is possible that those women who drank during pregnancy and who agreed to participate were more likely to have higher functioning children.

Chambers, a UCSD School of Medicine professor, pointed out the overwhelming evidence of more than 30 years of research supporting the conclusion that alcohol, especially alcohol consumed in a binge pattern, can be harmful to the developing baby.

"Individual women metabolize alcohol differently, and vary in terms of how susceptible they may be to having an affected child," Chambers said. "Although we do not want to alarm women who find out they are pregnant and realize that they have consumed low levels of alcohol before they knew they were pregnant, we emphasize that a 'safe' amount of alcohol that any individual woman can drink while pregnant is impossible to establish. The best advice continues to be that women should avoid alcohol entirely during the nine months that she is carrying the baby."

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The above story is reprinted from materials provided by University of California, San Diego Health Sciences, via Newswise.

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


Journal Reference:

  1. H-L Falgreen Eriksen, EL Mortensen, T Kilburn, M Underbjerg, J Bertrand, H St?vring, T Wimberley, J Grove, US Kesmodel. The effects of low to moderate prenatal alcohol exposure in early pregnancy on IQ in 5-year-old children. BJOG: An International Journal of Obstetrics & Gynaecology, 2012; DOI: 10.1111/j.1471-0528.2012.03394.x

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

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

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Friday, June 22, 2012

Ten One Design Fling mini joysticks for iPhone and iPad review

App Store adds Game Collections spotlight for iPhone and iPad


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Moody's cuts ratings of 15 banks

CHARLOTTE, N.C./LONDON (Reuters) - Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.

Morgan Stanley, one of the most closely watched firms in the much anticipated review, had its long-term debt rating lowered by just two notches, one level less than had been expected, sending its stock up sharply in after-hours trading.

The downgrade left Morgan Stanley more highly rated than Bank of America Corp and Citigroup, but a step below Goldman Sachs Group.

Credit Suisse, which last week was warned about weak capital levels by Switzerland's central bank, was the only bank in the group to suffer a three-notch downgrade. But its new A1 deposit and senior debt ratings still rank higher than many of its peers.

"All of the banks affected by today's actions have significant exposure to the volatility and risk of outsized losses inherent to capital markets activities," Moody's Global Banking Managing Director Greg Bauer said in the announcement.

Financial markets have been bracing for the downgrades since February, when Moody's Investors Service said it had launched a review of 17 banks with global capital markets operations. These companies faced diminished profitability and growth prospects due to difficult operating conditions, increased regulation and other factors, Moody's said.

The long-term debt ratings cuts could increase funding costs for Morgan Stanley and other banks, and trading partners may ask for more collateral. But the impact could be muted since the changes were in-line with indications given by Moody's on how much the ratings were likely to be cut.

"The biggest surprise is the three-notch downgrade of Credit Suisse, which no one was looking for," said Mark Grant, managing director at Southwest Securities Inc. "In fact, it was Morgan Stanley that was supposed to be downgraded by that amount and Morgan received only two notches of cuts."

David Mathers, Credit Suisse's chief financial officer, said the firm was pleased that Moody's continued to recognize it as one of the most highly rated banks in its peer group.

Besides Morgan Stanley, two other banks fared better than they could have. UBS could have been downgraded by three notches but was only bumped down two spots. HSBC could have fallen by two, but dropped only one notch.

BANKS CHALLENGE RATINGS

Other banks downgraded by two notches were: Barclays, BNP Paribas, Royal Bank of Canada, Citigroup, Goldman Sachs Group, JPMorgan Chase, Credit Agricole, and Deutsche Bank.

Along with HSBC, ratings for Bank of America, Royal Bank of Scotland and Societe Generale were also cut by one notch.

Nomura and Macquarie were included in an original list of global banks under review, but have already been downgraded.

In a statement, Morgan Stanley said its ratings "still do not fully reflect the key strategic actions we have taken in recent years."

"With our de-risked balance sheet, stable sources of funding, diverse business mix and strong leadership team, we are well positioned to deliver for clients and shareholders."

Citigroup went beyond defending itself to blasting Moody's for its treatment of U.S. banks in general, and then to praising institutional investors and the U.S. Congress for showing less respect for the agency.

"We have been especially surprised by Moody's disproportionately adverse treatment of U.S. firms relative to banks in Europe," Citigroup said in a statement.

Moody's released the downgrades after U.S. stock markets had closed on Thursday. Bank stocks had fallen as investor's prepared the announcement, which was anticipated because Moody's had told banks it was coming, according to sources.

Morgan Stanley shares declined nearly 1.7 percent to close at $13.96, while Bank of America shares fell nearly 4 percent to $7.82. The KBW Banks Index was down 2.3 percent.

But after suffering only a two-notch cut, instead of three as anticipated, Morgan Stanley shares rose 43 cents, or 3.1 percent, to $14.39 in after-market trading.

The market for bank bonds rallied on relief that the long wait for Moody's announcement was over and that Morgan Stanley's rating reduction was only two notches.

"The ratings profile will be seen as having returned to stability," Scott Kimball, senior portfolio manager for Taplin, Canida & Habacht, a fixed-income investment firm affiliated with Bank of Montreal. The rally lifted hopes for an end to an eight-week drought in new bond issues from the biggest U.S. banks.

WAIT AND SEE

Moody's went through "an exceptionally deliberate and detailed process in a four-month review in coming to this," Bob Young, Moody's managing director for North American banking, said when asked about criticism from Citigroup and some outside analysts that Moody's was looking backwards with its downgrades.

Young said that the agency had looked closely at the history of failures of lower-rated banks in setting the new ratings.

In downgrading Citigroup, Moody's said it considered the bank's volatile earnings and the problems it had managing risk in the financial crisis.

"They have brought in new people and changed the risk management structure and that is positive. We will see how they perform," Young said.

After the review, Moody's divided the global banks into three tiers, with HSBC, Royal Bank of Canada and JPMorgan at the top. Bank of America, Citigroup, Morgan Stanley and Royal Bank of Scotland were in the bottom tier.

Capital markets risks are significant for the highest-rated firms, but the institutions have stronger "shock absorbers" in the form of earnings from generally more stable businesses, Moody's said.

The lowest-rated banks have more volatility or problems with risk management, and in some cases thinner shock absorbers.

Moody's said while the banks have been making changes to improve their profits, it was taking a wait-and-see attitude.

"These transformations are ongoing and their success has yet to be tested," Moody's said.

Bank of America spokesman Jerry Dubrowski said the second-largest U.S. bank has strengthened its governance and risk management and ended the first quarter of 2012 with record capital ratios, record liquidity and substantial reserves.

"We have significant liquidity and resources to serve clients and customers as we have transformed the company," he said.

Royal Bank of Scotland said the ratings changes were "backward-looking" and do "not give adequate credit for the substantial improvements the Group has made to its balance sheet, funding and risk profile", but said they were manageable.

Ahead of the Moody's downgrades, corporate treasurers had quietly accelerated their own reviews of where to put their bank deposits, who they trade swaps with and who they borrow from.

Some had prepared by adding more banks to their credit facilities to diversify the risk of a Lehman Brothers-like bank failure. Some also adjusted their deposit relationships.

Banks, for their part, had been reaching out to treasurers both offensively and defensively, trying to keep clients and win new business ahead of potential turmoil from Moody's review.

(Reporting by Steve Slater, Matt Scuffham and Rick Rothacker. Additional reporting by Ben Berkowitz, Jed Horowitz, Lauren Tara LaCapra, Danielle Robinson and David Henry; Editing by Alwyn Scott, Elaine Hardcastle, Carol Bishopric and John Mair)

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