শনিবার, ৯ ফেব্রুয়ারি, ২০১৩

2 Important Strategies for Effective Studying | World of Psychology

2 Important Strategies for Effective StudyingEvery college student and high school student believes he or she has honed a set of highly effective, useful study skills. I used re-reading, lots of summarizing, note-taking (and outlining), and taking the little tests you would often find at the end of a chapter to help me remember the material I just read.

Nobody taught me how to study this way. It was just something I did through trial and error in trying and discarding multiple techniques. For instance, I tried highlighting, but it did little for me.

Of course, psychologists and other scientists have been testing effective study techniques now for decades. Being far more clever than I, they?ve actually run such techniques through the research ringer, and have come out with some effective study strategies.

Just last month, another group of researchers decided to take a look at all of that research, and boil down what we know about the most effective methods for studying. Here?s what they found.

Researchers led by John Dunlosky (et al. 2013) from Kent State University decided to take a critical look at the 10 most common learning techniques available to students and see whether they had strong or little backing in the research literature. The study methods examined were:

  1. Elaborative interrogation ? Generating an explanation for why an explicitly stated fact or concept is true
  2. Self-explanation ? Explaining how new information is related to known information, or explaining steps taken during problem solving
  3. Summarization ? Writing summaries of to-be-learned texts
  4. Highlighting/underlining ? Marking potentially important portions of to-be-learned materials while reading
  5. Keyword mnemonic ? Using keywords and mental imagery to associate verbal materials
  6. Imagery for text ? Attempting to form mental images of text materials while reading or listening
  7. Rereading ? Restudying text material again after an initial reading
  8. Practice testing ? Self-testing or taking practice tests over to-be-learned material
  9. Distributed practice ? Implementing a schedule of practice that spreads out study activities over time
  10. Interleaved practice ? Implementing a schedule of practice that mixes different kinds of problems, or a schedule of study that mixes different kinds of material, within a single study session.

So unbeknownst to me at the time, I was engaging in a combination of the above learning techniques while in school ? summarization, rereading, and practice testing. I also tried to distribute my studying over time, and not try and cram right before a test (although I probably was only marginally successful in adhering to that desire).

At least one of my techniques was deemed effective by the researchers ? practice testing. The other technique that received across-the-board high grades was distributed practice.

According to the researchers, both techniques have been shown to boost students? performance across many different kinds of tests, and their effectiveness has been repeatedly demonstrated for students of all ages.

Some common study techniques used by most students didn?t receive such high marks for effectiveness:

In contrast, five of the techniques received a low rating from the researchers. Interestingly, these techniques are some of the most common learning strategies used by students. Such ineffective strategies include: summarization, highlighting and underlining, and rereading.

?I was shocked that some strategies that students use a lot ? such as rereading and highlighting ? seem to provide minimal benefits to their learning and performance,? Dunlosky said. ?By just replacing rereading with delayed retrieval practice, students would benefit.?

Indeed, students probably relay on tasks like highlighting and rereading because they are the easiest to do while actively studying. It?s so easy to whip out a highlighter and believe that by actively marking a passage, it?s somehow seeping into your brain cavities like syrup does into those little waffle compartments.

Sadly, that?s not the case. You might as well just sniff the highlighter for all the good highlighting does in helping you study.

Other techniques that got mixed but generally positive reviews include interleaved practice, self-explanation and elaborative interrogation. Mnemonics are likely helpful for some key concepts (you can?t get through medical school without them), but not as a general study technique.

And rereading (which 65 percent of college students admit to using) can?t hurt you if the material is dense and difficult and you didn?t quite get it the first time around. But don?t kid yourself into believing that rereading is as good as taking a practice test or spreading studying over time. (And generally, you only need to re-read a text passage once; multiple rereading efforts don?t usually help with comprehension.)

So there you have it ? focus on practice testing and studying evenly over the course of the entire semester. Those techniques are going to be the most time-effective and the best use of your brain cells.

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Read the full article: What Study Strategies Make the Grade?

Reference

Dunlosky, J. Rawson, K.A., Marsh, E.J., Nathan, M.J. & Willingham, D.T. (2013). Improving Students? Learning With Effective Learning Techniques: Promising Directions From Cognitive and Educational Psychology. Psychological Science in the Public Interest, 14, 4-58.

Footnotes: John Grohol, PsyDDr. John Grohol is the CEO and founder of Psych Central. He is an author, researcher and expert in mental health online, and has been writing about online behavior, mental health and psychology issues -- as well as the intersection of technology and human behavior -- since 1992. Dr. Grohol sits on the editorial board of the journal Cyberpsychology, Behavior and Social Networking and is a founding board member and treasurer of the Society for Participatory Medicine.

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????Last reviewed: By John M. Grohol, Psy.D. on 8 Feb 2013
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APA Reference
Grohol, J. (2013). 2 Important Strategies for Effective Studying. Psych Central. Retrieved on February 9, 2013, from http://psychcentral.com/blog/archives/2013/02/08/2-important-strategies-for-effective-studying/

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Source: http://psychcentral.com/blog/archives/2013/02/08/2-important-strategies-for-effective-studying/

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Commercial Real Estate Investors Eager to ?Turn the Page ...

CHICAGO, IL ? February 8, 2013 ? (RealEstateRama) ? Frustrated by continued uncertainty, a sluggish recovery, and a challenging investment environment, investors generally appear eager to put the past behind them and adjust to the new normal, as outlined in Expectations & Market Realities in Real Estate 2013?Turn the Page, a new annual report published jointly by Real Estate Research Corporation (RERC), Deloitte, and the National Association of REALTORS? (NAR). According to the report, investors appear to realize that this environment will likely be with us for the foreseeable future, and that adjustments may need to be made to maximize commercial real estate investment performance and yield in our continuing slow-growth economy.

The three organizations have drawn on their respective capabilities to examine the economy, capital markets, and commercial real estate property markets; to thoroughly assess and analyze existing research; and to offer an outlook for commercial real estate for 2013 and beyond. Findings indicate that the economy is expected to improve only modestly in 2013, with the budget deficit, tax increases, and cuts in government spending expected to continue the economic uncertainty.? In general, capital remains available for commercial property investments, but the discipline for capital has been inching upward and is becoming more selective. The report also carefully analyzes and offers an assessment of the office, industrial, apartment, retail, and hotel property sectors, as well as for commercial real estate as an asset class, for 2013.

?It is time to stop waiting for the economy and the investment environment to get better. This is it?this is the new normal?and we need to turn the page on the past and make the adjustments needed to be successful for the balance of this decade,? stated Kenneth Riggs, Jr., chairman and president of RERC. ?Investors are facing the challenges ahead, and commercial real estate continues to be an attractive investment for a variety of reasons in this economic climate.?

?Moderate positive and stabilizing trends in commercial real estate markets are expected to add value to institutional portfolios as we turn the page to the next chapter of the real estate cycle,? noted Matthew Kimmel, principal and U.S. real estate sector leader for Deloitte Financial Advisory Services LLP.? ?Overall the office, industrial, retail, apartment and hotel property sectors are expected to experience various elements of slow fundamental increase and growth.?

The group expects the commercial real estate recovery to continue throughout 2013. ?A pent-up demand for commercial property space has been developing with the nearly 5 million net new job creations in the past three years,? noted Lawrence Yun, Ph.D., NAR chief economist. ?That demand steadily reaching the market, combined with little new construction, will likely help lower vacancy rates and push up rents.?

Expectations & Market Realities in Real Estate 2013?Turn the Page can be obtained electronically at www.rerc.com or www.realtor.org/prodser.nsf/Research.

###

Real Estate Research Corporation (RERC): Under Ken Riggs? leadership, RERC provides real estate research, valuation management, consulting, independent fiduciary services, and web-based management information services for the commercial real estate industry. In addition to directing the firm?s business ventures, Riggs serves as publisher of the long-running quarterly RERC Real Estate Report and the annual forecast report, Expectations & Market Realities in Real Estate, now in its tenth year of publication. Visit www.rerc.com for more information.

Deloitte: Deloitte?s Real Estate group draws on the insights and experience of Deloitte?s four primary businesses ? consulting, audit, tax and financial advisory.? The group provides local, national and global real estate services to clients that include: REITs and property companies, real estate funds and investors, homebuilders, developers and land owners, engineering and construction companies and service providers.? For more information about Deloitte?s Real Estate group, please visit http://www.deloitte.com/view/en_US/us/Industries/Real-Estate/index.htm.?

As used in this document, ?Deloitte? means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

National Association of REALTORS? (NAR): The National Association of Realtors?, ?The Voice for Real Estate,? is America?s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.

MEDIA Contacts:

Complimentary copies of the report are available to the media upon request.

RERC: Barb Bush, "> or 319-352-1500

Deloitte: Shelley Pfaendler, Deloitte Public Relations, "> or 212-492-4484 or Elizabeth Cheek, Hill & Knowlton, "> or 212-885-0682

NAR: Walter Molony, "> or 202-383-1177

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শুক্রবার, ৮ ফেব্রুয়ারি, ২০১৩

Tim Thomas Traded: Bruins Deal Suspended Goalie To Islanders

NEW YORK -- Veteran goalie Tim Thomas, who has said he won't play this season, was traded by the Boston Bruins to the New York Islanders on Thursday for a conditional second-round draft choice either next year or in 2015.

Thomas chose to take this season off following the NHL lockout and was suspended by the Bruins after he didn't report to training camp last month. The 38-year-old goalie is in the final season of a four-year deal that counts for $5 million against the salary cap.

The Islanders have plenty of room to fit Thomas' salary on their cap, and this deal provides financial flexibility for the Bruins. Boston was up against the upper salary limit of $70.2 million, with Thomas' salary factored in, and New York is only marginally above the minimum payroll of $44 million.

"We felt this would give us flexibility immediately. It was us being proactive," Bruins general manager Peter Chiarelli said on a conference call. "I've had discussions on and off with the Islanders regarding this for a while. I don't really want to get into details. I think I've made it known publicly this was something we would like to try to do at some point."

NHL teams must be in full compliance of the salary cap by Friday, the 20th day of the league season. The Islanders will be even further above the cap floor with the imminent return of defenseman Lubomir Visnovsky, who reported to the club for the first time on Wednesday and then passed a physical on Thursday, which led to New York lifting its suspension and placing him on the active roster.

"We have acquired an asset for our organization," Islanders general manager Garth Snow said of Thomas. "This acquisition allows us flexibility with our roster moving forward."

Thomas is unlikely to play for the Islanders this season or in the future. New York already has veteran goalies Evgeni Nabokov and Rick DiPietro on its active roster.

Thomas' absence has created an opportunity for Tuukka Rask to lead the talented Bruins in net, and he's delivered. Rask is 6-1-1 with a 1.97 goals-against average for Boston, the top team in the Eastern Conference as play began on Thursday.

"Without getting into specifics," Chiarelli said, "the (draft pick) condition is basically if (Thomas) plays."

Thomas, a two-time Vezina Trophy winner as the NHL's top goalie, has played in 378 regular-season games ? all with the Bruins. He has gone 196-121-45 with a 2.48 GAA and 31 shutouts. Thomas ranks fourth on Boston's career wins list and third in shutouts,

He also has a 29-21 mark in the postseason with a 2.07 GAA and six shutouts. Thomas won the Vezina and Conn Smythe Trophy as playoff MVP when the Bruins won the Stanley Cup in 2011.

"He had a very good career here," Chiarelli said. "I can't say enough of his contributions to the team. The journey he took us on in the Stanley Cup was amazing. I was happy to be along for the ride.

"Nothing would suggest to me he's coming back this season."

Visnovsky was traded to the Islanders by Anaheim last June, and the defenseman filed a grievance to have the deal voided because he claimed a no-trade clause in his original contract with Los Angeles was valid. An arbitrator ruled against him.

Visnovsky left his hometown team in the KHL and joined the Islanders. He wasn't in the lineup Thursday against the Rangers.

Chiarelli wouldn't say if Thomas could ever return to the Bruins, but didn't give any indication that it was likely to happen.

"I don't want to speculate on that," he said. "Tim can be a character and he can also be principled in a lot of different things. He is/was a heck of a goaltender. I liken him sometimes to that left-handed pitcher that's a little quirky but wins a lot of games and throws 200 innings a year.

"I don't know how it would have played out."

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Source: http://www.huffingtonpost.com/2013/02/07/tim-thomas-traded-bruins-islanders-goalie-nhl_n_2642720.html

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Sony trims quarterly loss to $115 million

Sony's logo is seen outside the company's head office in Tokyo Thursday, Feb. 7, 2013. Sony Corp. is still struggling but managed to reduce its red ink for the latest quarter as the Japanese electronics and entertainment company aims for a comeback from record yearly losses. (AP Photo/Junji Kurokawa)

Sony's logo is seen outside the company's head office in Tokyo Thursday, Feb. 7, 2013. Sony Corp. is still struggling but managed to reduce its red ink for the latest quarter as the Japanese electronics and entertainment company aims for a comeback from record yearly losses. (AP Photo/Junji Kurokawa)

People walk outside Sony head office in Tokyo Thursday, Feb. 7, 2013. Sony Corp. is still struggling but managed to reduce its red ink for the latest quarter as the Japanese electronics and entertainment company aims for a comeback from record yearly losses. (AP Photo/Junji Kurokawa)

TOKYO (AP) ? Sony Corp. is still struggling but managed to reduce its red ink for the latest quarter as the Japanese electronics and entertainment company aims for a comeback from record yearly losses.

Sony on Thursday reported a 10.7 billion yen ($115 million) loss for the October-December quarter compared with a 158 billion yen loss a year earlier.

The company had a record loss of 457 billion yen for the fiscal year through March 2011 as its TV business struggled and it suffered from factory and supplier damage in northeastern Japan from the 2011 earthquake and tsunami.

Quarterly sales inched up nearly 7 percent to 1.95 trillion yen ($21 billion) despite declining sales of gadgets such as flat-panel TVs and Blu-ray video recorders, but only because Sony got a perk from a weaker yen.

The yen has been weakening because of expectations the central bank will ease monetary policy and that helped Sony by boosting the value of its overseas sales.

Sony has lost money for the past four years as it fell behind powerful rivals such as Apple Inc. and Samsung Electronics Co. in profitability and innovation.

Kazuo Hirai, who took over as president nine months ago, is promising to lead a comeback with what he calls "wow" products, such as nifty mobile devices, sophisticated digital cameras and interconnected gadgetry designed to show off Sony's technological prowess.

The problem is that rivals are doing the same and sometimes doing it faster and at cheaper prices.

Sony is expected to disclose information about the PlayStation 4 video game machine later this month, but it's unclear whether video games can really save Sony.

Sony's TV division is in its ninth straight year of red ink.

Its movie business fared better on the success of "Skyfall" and "Hotel Transylvania," while its music business also did well with best-sellers in Alicia Keys' "Girl on Fire," One Direction's "Take Me Home", and Celine Dion's "Sans Attendre," according to Sony. Both divisions posted increases in operating profit and sales.

Sony stuck to its forecast for eking out a return to profit at 20 billion yen ($214 million) for the fiscal year through March. It also left unchanged its projection for 6.6 trillion yen ($70.6 billion) in annual sales, up 1.6 percent from the previous year.

Other Japanese electronics makers are also suffering but have gotten some help from the weak yen.

Panasonic Corp. and Sharp Corp. are both expecting massive losses for the fiscal year through March. Panasonic reported last week a 61.4 billion yen ($667 million) profit for the October-December period Friday, reversing from losses the same quarter a year earlier, while Sharp reported a smaller flow of red ink at a 36.7 billion yen ($399 million) quarterly loss.

Sony has promised to reduce the bureaucracy in its managerial ranks and product-development decision-making. It is selling its New York headquarters building for $1.1 billion in a deal set to be completed in March. It has entered a partnership with Japanese medical equipment maker Olympus Corp. to expand in that lucrative field.

Sony was once a brand known for innovation, creating new electronics sectors like the Walkman, one of the first mobile devices to catch on when it became a hit in the 1980s. Some analysts say playing catch-up in smartphones and flat-panel TVs may be too little too late, and the company needs a far more pioneering product if it hopes to regain its historical glamour.

Also Thursday, Fujitsu announced it is slashing 5,000 jobs, or nearly 3 percent of its global work force, by the end of next month, as it seeks to reshape its computer-chip business and overseas operations. Of those job cuts, 2,800 will be in Japan, and 2,200 overseas, mostly in Europe. A more detailed breakdown was not immediately available.

Company spokesman Takashi Koto said the job cuts will be achieved by early retirement, layoffs and other methods.

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Associated Press

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There?s No Such Thing as Political Capital

On Tuesday, in his State of the Union address, President Obama will do what every president does this time of year. For about 60 minutes, he will lay out a sprawling and ambitious wish list highlighted by gun control and immigration reform, climate change and debt reduction. In response, the pundits will do what they always do this time of year: They will talk about how unrealistic most of the proposals are, discussions often informed by sagacious reckonings of how much ?political capital? Obama possesses to push his program through.

Most of this talk will have no bearing on what actually happens over the next four years.

Consider this: Three months ago, just before the November election, if someone had talked seriously about Obama having enough political capital to oversee passage of both immigration reform and gun-control legislation at the beginning of his second term?even after winning the election by 4 percentage points and 5 million votes (the actual final tally)?this person would have been called crazy and stripped of his pundit?s license. (It doesn?t exist, but it ought to.) In his first term, in a starkly polarized country, the president had been so frustrated by GOP resistance that he finally issued a limited executive order last August permitting immigrants who entered the country illegally as children to work without fear of deportation for at least two years. Obama didn?t dare to even bring up gun control, a Democratic ?third rail? that has cost the party elections and that actually might have been even less popular on the right than the president?s health care law. And yet, for reasons that have very little to do with Obama?s personal prestige or popularity?variously put in terms of a ?mandate? or ?political capital??chances are fair that both will now happen.

What changed? In the case of gun control, of course, it wasn?t the election. It was the horror of the 20 first-graders who were slaughtered in Newtown, Conn., in mid-December. The sickening reality of little girls and boys riddled with bullets from a high-capacity assault weapon seemed to precipitate a sudden tipping point in the national conscience. One thing changed after another. Wayne LaPierre of the National Rifle Association marginalized himself with poorly chosen comments soon after the massacre. The pro-gun lobby, once a phalanx of opposition, began to fissure into reasonables and crazies. Former Rep. Gabrielle Giffords, D-Ariz., who was shot in the head two years ago and is still struggling to speak and walk, started a PAC with her husband to appeal to the moderate middle of gun owners. Then she gave riveting and poignant testimony to the Senate, challenging lawmakers: ?Be bold.?

As a result, momentum has appeared to build around some kind of a plan to curtail sales of the most dangerous weapons and ammunition and the way people are permitted to buy them. It?s impossible to say now whether such a bill will pass and, if it does, whether it will make anything more than cosmetic changes to gun laws. But one thing is clear: The political tectonics have shifted dramatically in very little time. Whole new possibilities exist now that didn?t a few weeks ago.

Meanwhile, the Republican members of the Senate?s so-called Gang of Eight are pushing hard for a new spirit of compromise on immigration reform, a sharp change after an election year in which the GOP standard-bearer declared he would make life so miserable for the 11 million illegal immigrants in the U.S. that they would ?self-deport.? But this turnaround has very little to do with Obama?s personal influence?his political mandate, as it were. It has almost entirely to do with just two numbers: 71 and 27. That?s 71 percent for Obama, 27 percent for Mitt Romney, the breakdown of the Hispanic vote in the 2012 presidential election. Obama drove home his advantage by giving a speech on immigration reform on Jan. 29 at a Hispanic-dominated high school in Nevada, a swing state he won by a surprising 8 percentage points in November. But the movement on immigration has mainly come out of the Republican Party?s recent introspection, and the realization by its more thoughtful members, such as Sen. Marco Rubio of Florida and Gov. Bobby Jindal of Louisiana, that without such a shift the party may be facing demographic death in a country where the 2010 census showed, for the first time, that white births have fallen into the minority. It?s got nothing to do with Obama?s political capital or, indeed, Obama at all.

The point is not that ?political capital? is a meaningless term. Often it is a synonym for ?mandate? or ?momentum? in the aftermath of a decisive election?and just about every politician ever elected has tried to claim more of a mandate than he actually has. Certainly, Obama can say that because he was elected and Romney wasn?t, he has a better claim on the country?s mood and direction. Many pundits still defend political capital as a useful metaphor at least. ?It?s an unquantifiable but meaningful concept,? says Norman Ornstein of the American Enterprise Institute. ?You can?t really look at a president and say he?s got 37 ounces of political capital. But the fact is, it?s a concept that matters, if you have popularity and some momentum on your side.?

The real problem is that the idea of political capital?or mandates, or momentum?is so poorly defined that presidents and pundits often get it wrong. ?Presidents usually over-estimate it,? says George Edwards, a presidential scholar at Texas A&M University. ?The best kind of political capital?some sense of an electoral mandate to do something?is very rare. It almost never happens. In 1964, maybe. And to some degree in 1980.? For that reason, political capital is a concept that misleads far more than it enlightens. It is distortionary. It conveys the idea that we know more than we really do about the ever-elusive concept of political power, and it discounts the way unforeseen events can suddenly change everything. Instead, it suggests, erroneously, that a political figure has a concrete amount of political capital to invest, just as someone might have real investment capital?that a particular leader can bank his gains, and the size of his account determines what he can do at any given moment in history.

Naturally, any president has practical and electoral limits. Does he have a majority in both chambers of Congress and a cohesive coalition behind him? Obama has neither at present. And unless a surge in the economy?at the moment, still stuck?or some other great victory gives him more momentum, it is inevitable that the closer Obama gets to the 2014 election, the less he will be able to get done. Going into the midterms, Republicans will increasingly avoid any concessions that make him (and the Democrats) stronger.

But the abrupt emergence of the immigration and gun-control issues illustrates how suddenly shifts in mood can occur and how political interests can align in new ways just as suddenly. Indeed, the pseudo-concept of political capital masks a larger truth about Washington that is kindergarten simple: You just don?t know what you can do until you try. Or as Ornstein himself once wrote years ago, ?Winning wins.? In theory, and in practice, depending on Obama?s handling of any particular issue, even in a polarized time, he could still deliver on a lot of his second-term goals, depending on his skill and the breaks. Unforeseen catalysts can appear, like Newtown. Epiphanies can dawn, such as when many Republican Party leaders suddenly woke up in panic to the huge disparity in the Hispanic vote.

Some political scientists who study the elusive calculus of how to pass legislation and run successful presidencies say that political capital is, at best, an empty concept, and that almost nothing in the academic literature successfully quantifies or even defines it. ?It can refer to a very abstract thing, like a president?s popularity, but there?s no mechanism there. That makes it kind of useless,? says Richard Bensel, a government professor at Cornell University. Even Ornstein concedes that the calculus is far more complex than the term suggests. Winning on one issue often changes the calculation for the next issue; there is never any known amount of capital. ?The idea here is, if an issue comes up where the conventional wisdom is that president is not going to get what he wants, and he gets it, then each time that happens, it changes the calculus of the other actors? Ornstein says. ?If they think he?s going to win, they may change positions to get on the winning side. It?s a bandwagon effect.?

ALL THE WAY WITH LBJ

Sometimes, a clever practitioner of power can get more done just because he?s aggressive and knows the hallways of Congress well. Texas A&M?s Edwards is right to say that the outcome of the 1964 election, Lyndon Johnson?s landslide victory over Barry Goldwater, was one of the few that conveyed a mandate. But one of the main reasons for that mandate (in addition to Goldwater?s ineptitude as a candidate) was President Johnson?s masterful use of power leading up to that election, and his ability to get far more done than anyone thought possible, given his limited political capital. In the newest volume in his exhaustive study of LBJ, The Passage of Power, historian Robert Caro recalls Johnson getting cautionary advice after he assumed the presidency from the assassinated John F. Kennedy in late 1963. Don?t focus on a long-stalled civil-rights bill, advisers told him, because it might jeopardize Southern lawmakers? support for a tax cut and appropriations bills the president needed. ?One of the wise, practical people around the table [said that] the presidency has only a certain amount of coinage to expend, and you oughtn?t to expend it on this,? Caro writes. (Coinage, of course, was what political capital was called in those days.) Johnson replied, ?Well, what the hell?s the presidency for??

Johnson didn?t worry about coinage, and he got the Civil Rights Act enacted, along with much else: Medicare, a tax cut, antipoverty programs. He appeared to understand not just the ways of Congress but also the way to maximize the momentum he possessed in the lingering mood of national grief and determination by picking the right issues, as Caro records. ?Momentum is not a mysterious mistress,? LBJ said. ?It is a controllable fact of political life.? Johnson had the skill and wherewithal to realize that, at that moment of history, he could have unlimited coinage if he handled the politics right. He did. (At least until Vietnam, that is.)

And then there are the presidents who get the politics, and the issues, wrong. It was the last president before Obama who was just starting a second term, George W. Bush, who really revived the claim of political capital, which he was very fond of wielding. Then Bush promptly demonstrated that he didn?t fully understand the concept either.

At his first news conference after his 2004 victory, a confident-sounding Bush declared, ?I earned capital in the campaign, political capital, and now I intend to spend it. That?s my style.? The 43rd president threw all of his political capital at an overriding passion: the partial privatization of Social Security. He mounted a full-bore public-relations campaign that included town-hall meetings across the country.

Bush failed utterly, of course. But the problem was not that he didn?t have enough political capital. Yes, he may have overestimated his standing. Bush?s margin over John Kerry was thin?helped along by a bumbling Kerry campaign that was almost the mirror image of Romney?s gaffe-filled failure this time?but that was not the real mistake. The problem was that whatever credibility or stature Bush thought he had earned as a newly reelected president did nothing to make Social Security privatization a better idea in most people?s eyes. Voters didn?t trust the plan, and four years later, at the end of Bush?s term, the stock-market collapse bore out the public?s skepticism. Privatization just didn?t have any momentum behind it, no matter who was pushing it or how much capital Bush spent to sell it.

The mistake that Bush made with Social Security, says John Sides, an associate professor of political science at George Washington University and a well-followed political blogger, ?was that just because he won an election, he thought he had a green light. But there was no sense of any kind of public urgency on Social Security reform. It?s like he went into the garage where various Republican policy ideas were hanging up and picked one. I don?t think Obama?s going to make that mistake.? Bush decided he wanted to push a rock up a hill. He didn?t understand how steep the hill was. I think Obama has more momentum on his side because of the Republican Party?s concerns about the Latino vote and the shooting at Newtown.? Obama may also get his way on the debt ceiling, not because of his reelection, Sides says, ?but because Republicans are beginning to doubt whether taking a hard line on fiscal policy is a good idea,? as the party suffers in the polls.

THE REAL LIMITS ON POWER

Presidents are limited in what they can do by time and attention span, of course, just as much as they are by electoral balances in the House and Senate. But this, too, has nothing to do with political capital. Another well-worn meme of recent years was that Obama used up too much political capital passing the health care law in his first term. But the real problem was that the plan was unpopular, the economy was bad, and the president didn?t realize that the national mood (yes, again, the national mood) was at a tipping point against big-government intervention, with the tea-party revolt about to burst on the scene. For Americans in 2009 and 2010?haunted by too many rounds of layoffs, appalled by the Wall Street bailout, aghast at the amount of federal spending that never seemed to find its way into their pockets?government-imposed health care coverage was simply an intervention too far. So was the idea of another economic stimulus. Cue the tea party and what ensued: two titanic fights over the debt ceiling. Obama, like Bush, had settled on pushing an issue that was out of sync with the country?s mood.

Unlike Bush, Obama did ultimately get his idea passed. But the bigger political problem with health care reform was that it distracted the government?s attention from other issues that people cared about more urgently, such as the need to jump-start the economy and financial reform. Various congressional staffers told me at the time that their bosses didn?t really have the time to understand how the Wall Street lobby was riddling the Dodd-Frank financial-reform legislation with loopholes. Health care was sucking all the oxygen out of the room, the aides said.

Weighing the imponderables of momentum, the often-mystical calculations about when the historic moment is ripe for an issue, will never be a science. It is mainly intuition, and its best practitioners have a long history in American politics. This is a tale told well in Steven Spielberg?s hit movie Lincoln. Daniel Day-Lewis?s Abraham Lincoln attempts a lot of behind-the-scenes vote-buying to win passage of the 13th Amendment, banning slavery, along with eloquent attempts to move people?s hearts and minds. He appears to be using the political capital of his reelection and the turning of the tide in the Civil War. But it?s clear that a surge of conscience, a sense of the changing times, has as much to do with the final vote as all the backroom horse-trading. ?The reason I think the idea of political capital is kind of distorting is that it implies you have chits you can give out to people. It really oversimplifies why you elect politicians, or why they can do what Lincoln did,? says Tommy Bruce, a former political consultant in Washington.

Consider, as another example, the storied political career of President Franklin Roosevelt. Because the mood was ripe for dramatic change in the depths of the Great Depression, FDR was able to push an astonishing array of New Deal programs through a largely compliant Congress, assuming what some described as near-dictatorial powers. But in his second term, full of confidence because of a landslide victory in 1936 that brought in unprecedented Democratic majorities in the House and Senate, Roosevelt overreached with his infamous Court-packing proposal. All of a sudden, the political capital that experts thought was limitless disappeared. FDR?s plan to expand the Supreme Court by putting in his judicial allies abruptly created an unanticipated wall of opposition from newly reunited Republicans and conservative Southern Democrats. FDR thus inadvertently handed back to Congress, especially to the Senate, the power and influence he had seized in his first term. Sure, Roosevelt had loads of popularity and momentum in 1937. He seemed to have a bank vault full of political capital. But, once again, a president simply chose to take on the wrong issue at the wrong time; this time, instead of most of the political interests in the country aligning his way, they opposed him. Roosevelt didn?t fully recover until World War II, despite two more election victories.

In terms of Obama?s second-term agenda, what all these shifting tides of momentum and political calculation mean is this: Anything goes. Obama has no more elections to win, and he needs to worry only about the support he will have in the House and Senate after 2014. But if he picks issues that the country?s mood will support?such as, perhaps, immigration reform and gun control?there is no reason to think he can?t win far more victories than any of the careful calculators of political capital now believe is possible, including battles over tax reform and deficit reduction.

Amid today?s atmosphere of Republican self-doubt, a new, more mature Obama seems to be emerging, one who has his agenda clearly in mind and will ride the mood of the country more adroitly. If he can get some early wins?as he already has, apparently, on the fiscal cliff and the upper-income tax increase?that will create momentum, and one win may well lead to others. ?Winning wins.?

Obama himself learned some hard lessons over the past four years about the falsity of the political-capital concept. Despite his decisive victory over John McCain in 2008, he fumbled the selling of his $787 billion stimulus plan by portraying himself naively as a ?post-partisan? president who somehow had been given the electoral mandate to be all things to all people. So Obama tried to sell his stimulus as a long-term restructuring plan that would ?lay the groundwork for long-term economic growth.? The president thus fed GOP suspicions that he was just another big-government liberal. Had he understood better that the country was digging in against yet more government intervention and had sold the stimulus as what it mainly was?a giant shot of adrenalin to an economy with a stopped heart, a pure emergency measure?he might well have escaped the worst of the backlash. But by laying on ambitious programs, and following up quickly with his health care plan, he only sealed his reputation on the right as a closet socialist.

After that, Obama?s public posturing provoked automatic opposition from the GOP, no matter what he said. If the president put his personal imprimatur on any plan?from deficit reduction, to health care, to immigration reform?Republicans were virtually guaranteed to come out against it. But this year, when he sought to exploit the chastened GOP?s newfound willingness to compromise on immigration, his approach was different. He seemed to understand that the Republicans needed to reclaim immigration reform as their own issue, and he was willing to let them have some credit. When he mounted his bully pulpit in Nevada, he delivered another new message as well: You Republicans don?t have to listen to what I say anymore. And don?t worry about who?s got the political capital. Just take a hard look at where I?m saying this: in a state you were supposed to have won but lost because of the rising Hispanic vote.

Obama was cleverly pointing the GOP toward conclusions that he knows it is already reaching on its own: If you, the Republicans, want to have any kind of a future in a vastly changed electoral map, you have no choice but to move. It?s your choice.

The future is wide open.

Source: http://news.yahoo.com/no-thing-political-capital-201002390--politics.html

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বৃহস্পতিবার, ৭ ফেব্রুয়ারি, ২০১৩

Braxton, Osbourne and Jenners do Red Dress runway

From left, Kendall Jenner, Kris Jenner and Kylie Jenner attend the Red Dress Collection 2013 Fashion Show, on Wednesday, Feb. 6, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

From left, Kendall Jenner, Kris Jenner and Kylie Jenner attend the Red Dress Collection 2013 Fashion Show, on Wednesday, Feb. 6, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

Toni Braxton attends the Red Dress Collection 2013 Fashion Show, on Wednesday, Feb. 6, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

Kelly Osbourne walks the runway at the Red Dress Collection 2013 Fashion Show, on Wednesday, Feb. 6, 2013 in New York. (Photo by John Minchillo/Invision/AP)

Jamie Chung attends the Red Dress Collection 2013 Fashion Show, on Wednesday, Feb. 6, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

Gabby Douglas attends the Red Dress Collection 2013 Fashion Show, on Wednesday, Feb. 6, 2013 in New York. (Photo by Charles Sykes/Invision/AP)

NEW YORK (AP) ? Red isn't just a trend at The Heart Truth runway show, it's a tradition: The Red Dress Collection, modeled by celebrities to draw awareness to heart disease, has become the kick off to New York Fashion Week.

Minka Kelly, Toni Braxton, gymnast Gabrielle Douglas, Kelly Osbourne and Kris Jenner, with daughters Kendall and Kylie, were among those donning designer dresses and towering heels Wednesday night in front of an audience that largely put on their best red dresses, too.

It's the shoes that have many stars fearing they'll trip up. Actress Brenda Strong, who wore Marc Bouwer's draped cowl-neck dress, said her red spiky stilettos were the most intimidating part of the catwalk experience.

She had a little experience modeling, though. "In my last incarnation, when I was in college, I was a Miss America contestant. That was a long runway!" she said.

Kelly, wearing an Oscar de la Renta gown with an asymmetrical neckline and metallic belt, walked in last year's show and this time was tapped as the Heart Truth ambassador by sponsor Diet Coke. Her best tip as a runway veteran was to wear shoes with straps. They hold you in better, she said.

The catwalk isn't her favorite place to spend an evening, Kelly said, but it's for a good cause.

"This is all done with a sense of humor. It's fun. I don't fancy myself a model, but maybe the models aren't relatable if we're not perfect, so it works for me," she said.

Osbourne, with clashing purple hair, seemed as though she was having a good time, shimmying down the runway in her Zac Posen dress. Braxton wore a second-skin V-neck halter dress by Herve L. Leroux.

Douglas said she's become more accustomed to dressing up since returning from the London Olympics with her gold medals. "I feel like a doll in my dress," she said of her Pamella Roland gown.

She practiced her runway walk before going in front of the cameras and compared it a little to being on a balance beam, where one foot goes straight in front of the other.

"I am participating because of the heart health cause. ... I want young girls to think about it. I want to get the message out," she said. "My advice to them is to stay active, eat healthy."

The first Red Dress show was held in 2001 at the beginning of the National Heart, Lung and Blood Institute's campaign to reach out specifically to women. Models over the years have included Christie Brinkley, Heidi Klum, Liza Minnelli and Kim Kardashian.

___

Online: http://www.nhlbi.nih.gov/educational/hearttruth/

___

Samantha Critchell tweets fashion at (at)AP_Fashion and can be reached at (at)Sam_Critchell

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/bbd825583c8542898e6fa7d440b9febc/Article_2013-02-06-Fashion-Red%20Dress/id-81df3036d129435ca2382005123c7aa1

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Analysis: No rebound yet, but some U.S. companies see European bottom

(Reuters) - The corner is far from turned in Europe, but for some U.S. companies there is a sense that they have reached - or can at least see - a bottom after years of weakness, a welcome change that could help boost profits in 2013.

The euro hit a fresh 14-month high on Friday after new data on European factory activity suggested the region was on track to start growing again this year, underlining the opportunity for well-placed U.S. businesses.

"The solid growth in Europe is encouraging in light of the economic headwinds that continued in the region," Kevin Farr, the chief financial officer of toymaker Mattel , said on a conference call on Friday.

It is not just toys, either. Software maker Citrix Systems Inc said last week that things had stabilized, partly as people grew accustomed to doing business in a rocky market.

"People are becoming more adjusted to the expectations, how to work with customers, how to think about backlog and the timing of getting individual transactions closed," Citrix CFO David Henshall said.

Strategists say that after years of delayed spending, and in some cases fruitless waiting for an economic turnaround, companies are now happy just to have Europe in a state where it is not eroding the bottom line.

"We don't expect or even want any growth from you as long as you don't hurt us," said JJ Kinahan, chief derivatives strategist at TD Ameritrade, of the general corporate attitude toward the Continent.

SPENDING PICKS UP

Among others also forecasting a flattening out or slight pickup in some European segments in recent days were U.S. Steel , staffing firm Manpower Inc and package delivery company United Parcel Service Inc (which had a European acquisition fall through but still saw signs of stability).

Some companies suggested there was something of a "budget flush" at play - European companies spending in the fourth quarter after protecting capital all year and delaying projects as a result. The risk exists they could do the same this year, though it remains too early to tell.

Companies are looking for more services for the money they do spend, getting more value for their investments, according to Charles King, principal analyst at California-based tech consultancy Pund-IT. "That's being reflected in different kinds of ways by different companies."

On the consumer side of the equation, companies say there are pockets of strength they want to exploit this year, while cutting back quickly on areas where margins are pressured.

That said, there are still plenty of companies that have warned the situation is not getting any better or even worsening, particularly those with automotive exposure like Ford Motor Co , Johnson Controls and Harman International ; as well as some industrial concerns like gas supplier Air Products and Chemicals and scientific instruments maker PerkinElmer .

RETAIL INVESTORS PERK UP

Those early signs of a European bottoming-out have started to trickle down to investors as well.

Stocks have been on a tear this year, with the benchmark S&P 500 up 5.1 percent in January for its best month since October 2011. In Europe itself, shares have neared two-year highs as well.

A top brokerage executive last week said people seem to be noticing the calming atmosphere in Europe, especially as things in Washington remain unresolved.

Signs of recovery are fragile and uncertainty about U.S. budget negotiations remain, but "Europe seems to have settled down, at least for the time being," TD Ameritrade Corp Chief Executive Fred Tomczyk said Thursday at the firm's annual conference for investment advisers in San Diego.

EUROPE DOESN'T SEE IT

While Americans may be increasingly optimistic about Europe, The picture from the European front line is still murky.

There are signs the economy may finally be turning, with the Markit Eurozone Composite PMI, which gauges business activity across thousands of companies, rising in January to a 10-month high - although it is still below the 50 mark that signifies growth.

The fledgling European recovery remains skewed heavily to Germany, Europe's largest and most successful economy, while other countries, including France, are struggling.

Given their higher exposure to fragile home markets, European CEOs are decidedly less upbeat about business prospects than their U.S. counterparts.

Just 22 percent of Western European CEOs said they were "very confident" of growing revenues in the next 12 months against 33 percent of those in North America, according to a survey by PricewaterhouseCoopers presented at the World Economic Forum in Davos two weeks ago.

Looking three years ahead, 51 percent of American bosses were very confident against only 34 percent of those in Europe.

Automotives are a particular black spot in Europe, with car sales extending their declines in France, Spain and Italy last month. But other industrial sectors also remain stuck in the doldrums, with German engineering group Siemens and Swedish home appliances maker Electrolux - two European bellwethers - both seeing little improvement in the euro zone economy in the months ahead.

That is why people like Pund-IT's King say companies still have to tread lightly.

"I do think that people are still approaching the market there with a great deal of caution," he said. "There's still good reason for caution."

(Additional reporting by Ben Hirschler in London, Dhanya Skariachan, Jennifer Saba, Nicola Leske and Bill Berkrot in New York, Ben Klayman in Detroit, Jessica Wohl in Chicago, Jed Horowitz in San Diego and Supantha Mukherjee, Krishna N. Das and Jochelle Mendonca in Bangalore; Editing by Patricia Kranz and Leslie Gevirtz)

Source: http://news.yahoo.com/analysis-no-rebound-yet-u-companies-see-european-060540345--finance.html

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