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Thursday, May 31, 2012

New telescope to be in South Africa, Australia

PRETORIA, South Africa (AP) — Australia and South Africa will share hosting of a giant radio telescope made up of thousands of separate dishes and intended to help scientists figure out the make-up of the universe, the international consortium overseeing the project announced.

South Africa led an African consortium that included Botswana, Ghana, Kenya, Madagascar, Mauritius, Mozambique, Namibia and Zambia, and telescopes will be erected in all its partners. In South Africa, dishes will be added to a remote site in the arid Karoo desert where a smaller radio telescope project already is underway.

South Africa and Australia, which partnered with New Zealand in bidding for the project, had competed fiercely. South Africa claimed victory Friday, saying it got two of the projects three major components.

"We may feel slightly disappointed that we didn't get the whole thing. But I think one should emphasize that we did get most of it," said Justin Jonas, the chief South African scientist on the project. "Two-thirds of the biggest instrument in the world is still the biggest instrument in the world."

South Africa's science minister Naledi Pandor and scientists who had prepared the country's bid celebrated with an Africa-shaped cake at a news conference in South Africa's capital.

"This marks a real turning point in Africa, where we are becoming a destination for science and engineering, and not just a place where there are resources and tourism opportunities," Jonas added.

Australia also welcomed the split decision.

"It is an outstanding result for the Australia-New Zealand bid after many years of preparation and an intensive international process," said Sen. Chris Evans, Australia's science minister.

The Square Kilometer Array telescope will be 50 times more sensitive and scan the sky 10,000 times faster than any existing telescope. It requires huge open spaces with very few humans.

John Womersley, chair of the consortium's board, said the telescope will help scientists answer key questions: "Where do we come from? Where are we going? What is this universe we live in?"

"We don't understand what 96 percent of our universe is made of," he said.

The organization said dividing construction of the telescope will "maximize on investments already made by both Australia and South Africa."

Womersley said that splitting construction between the two nations will likely add around 10 percent to the €350 million ($439 million) cost of the first phase of building the giant telescope. But he said there would be a payoff for astronomers.

"It delivers more science in phase one. The capabilities of this instrument are greater than the original design," Womersley said.

____

Associated Press writer Mike Corder contributed from Amsterdam.


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Wednesday, May 30, 2012

Say cheese! NASA Mars rover photographs own shadow

LOS ANGELES (AP) — Even robots like to have fun. NASA's rover on Mars showed off its playful side by snapping a picture of its own shadow. It's the latest self-portrait since the rover, named Opportunity, landed on the red planet in 2004.

The photo was taken in March and NASA released it this week. The solar-powered, six-wheel rover was at an outcrop on the rim of a massive crater. The late afternoon sun set the crater aglow and Opportunity waited for just the right lighting to send a postcard back to Earth.

The result was a dramatic view of Opportunity casting a shadow with the crater in the background.

After nearly five months in one spot, the tireless rover is rolling again to explore more rocks.

Its twin, Spirit, stopped communicating in 2010.


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Tuesday, May 29, 2012

Scientists find new sensory organ in whales

Biologists on Wednesday reported they had discovered a new sensory organ on blue, humpback, minke and fin whales that helps explain why these mammals are so huge.

In a study appearing in the journal Nature, researchers in the United States and Canada said the organ is located at the tip of the whale's chin, in a niche of fibrous tissue that connects the lower jaw bones.

Comprising a node of nerves, the organ orchestrates dramatic changes in jaw position that are essential for "lunge" feeding by the rorqual family of whales, Earth's biggest vertebrates.

These whales plunge into banks of krill, gulping up tonnes of water at one go and filtering it in seconds to get the tiny crustaceans needed for food.

A 50-tonne fin whale, the second-longest whale on the planet, can swoosh through 80 tonnes of water in one operation, netting 10 kilos (22 pounds) of krill in the process.

The lunge requires "hyper-expandable" throat pleats, a Y-shaped cartilage structure connecting the chin and a lower jaw, made of two separate bones that move independently.

"In terms of evolution, the innovation of this sensory organ has a fundamental role in one of the most extreme feeding methods of aquatic creatures," said Bob Shadwick of the University of British Columbia in Vancouver, Canada.

"Because the physical features required to carry to carry out lunge-feeding evolved before the extremely large body sizes observed in today's rorquals, it's likely that this sensory organ -- and its role in coordinating successful lunging -- is responsible for rorquals claiming the largest-animals-on-Earth status."


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Monday, May 28, 2012

Scientist: Evolution debate will soon be history

NEW YORK (AP) — Richard Leakey predicts skepticism over evolution will soon be history.

Not that the avowed atheist has any doubts himself.

Sometime in the next 15 to 30 years, the Kenyan-born paleoanthropologist expects scientific discoveries will have accelerated to the point that "even the skeptics can accept it."

"If you get to the stage where you can persuade people on the evidence, that it's solid, that we are all African, that color is superficial, that stages of development of culture are all interactive," Leakey says, "then I think we have a chance of a world that will respond better to global challenges."

Leakey, a professor at Stony Brook University on Long Island, recently spent several weeks in New York promoting the Turkana Basin Institute in Kenya. The institute, where Leakey spends most of his time, welcomes researchers and scientists from around the world dedicated to unearthing the origins of mankind in an area rich with fossils.

His friend, Paul Simon, performed at a May 2 fundraiser for the institute in Manhattan that collected more than $2 million. A National Geographic documentary on his work at Turkana aired this month on public television.

Now 67, Leakey is the son of the late Louis and Mary Leakey and conducts research with his wife, Meave, and daughter, Louise. The family claims to have unearthed "much of the existing fossil evidence for human evolution."

On the eve of his return to Africa earlier this week, Leakey spoke to The Associated Press in New York City about the past and the future.

"If you look back, the thing that strikes you, if you've got any sensitivity, is that extinction is the most common phenomena," Leakey says. "Extinction is always driven by environmental change. Environmental change is always driven by climate change. Man accelerated, if not created, planet change phenomena; I think we have to recognize that the future is by no means a very rosy one."

Any hope for mankind's future, he insists, rests on accepting existing scientific evidence of its past.

"If we're spreading out across the world from centers like Europe and America that evolution is nonsense and science is nonsense, how do you combat new pathogens, how do you combat new strains of disease that are evolving in the environment?" he asked.

"If you don't like the word evolution, I don't care what you call it, but life has changed. You can lay out all the fossils that have been collected and establish lineages that even a fool could work up. So the question is why, how does this happen? It's not covered by Genesis. There's no explanation for this change going back 500 million years in any book I've read from the lips of any God."

Leakey insists he has no animosity toward religion.

"If you tell me, well, people really need a faith ... I understand that," he said.

"I see no reason why you shouldn't go through your life thinking if you're a good citizen, you'll get a better future in the afterlife ...."

Leakey began his work searching for fossils in the mid-1960s. His team unearthed a nearly complete 1.6-million-year-old skeleton in 1984 that became known as "Turkana Boy," the first known early human with long legs, short arms and a tall stature.

In the late 1980s, Leakey began a career in government service in Kenya, heading the Kenya Wildlife Service. He led the quest to protect elephants from poachers who were killing the animals at an alarming rate in order to harvest their valuable ivory tusks. He gathered 12 tons of confiscated ivory in Nairobi National Park and set it afire in a 1989 demonstration that attracted worldwide headlines.

In 1993, Leakey crashed a small propeller-driven plane; his lower legs were later amputated and he now gets around on artificial limbs. There were suspicions the plane had been sabotaged by his political enemies, but it was never proven.

About a decade ago, he visited Stony Brook University on eastern Long Island, a part of the State University of New York, as a guest lecturer. Then-President Shirley Strum Kenny began lobbying Leakey to join the faculty. It was a process that took about two years; he relented after returning to the campus to accept an honorary degree.

Kenny convinced him that he could remain in Kenya most of the time, where Stony Brook anthropology students could visit and learn about his work. And the college founded in 1957 would benefit from the gravitas of such a noted professor on its faculty.

"It was much easier to work with a new university that didn't have a 200-year-old image where it was so set in its ways like some of the Ivy League schools that you couldn't really change what they did and what they thought," he said.

Earlier this month, Paul Simon performed at a benefit dinner for the Turkana Basin Institute. IMAX CEO Rich Gelfond and his wife, Peggy Bonapace Gelfond, and billionaire hedge fund investor Jim Simons and his wife, Marilyn, were among those attending the exclusive show in Manhattan's Chelsea neighborhood.

Simon agreed to allow his music to be performed on the National Geographic documentary airing on PBS and donated an autographed guitar at the fundraiser that sold for nearly $20,000.

Leakey, who clearly cherishes investigating the past, is less optimistic about the future.

"We may be on the cusp of some very real disasters that have nothing to do with whether the elephant survives, or a cheetah survives, but if we survive."


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Sunday, May 27, 2012

Memorial Day Skywatching: See the Half Moon Pass Mars

Monday evening bring us a first quarter moon, offering U.S. skywatchers a chance to close out the Memorial Day holiday with a lunar treat and the fading planet Mars.

The first quarter moon is also sometimes called the "half" moon, although as darkness falls across North America close inspection with binoculars or a small telescope may reveal that there is actually a little more than half of the moon illuminated by the sun. That's because the actual moment of first quarter occurred earlier in the afternoon at 4:16 p.m. EDT or 1:16 p.m. PDT (2016 GMT). 

When it gets sufficiently dark you'll also take notice of a rather bright yellow-orange star appearing well above and a bit to the moon's left. That’s not a star, however, but a once brilliant planet that continues to ebb in brightness: Mars. Look for this colorful world shining high in the southwest during dusk and lower in the west-southwest as night grows late.

Mars will remain prominent all evening, despite the fact that it will continue to slowly fade in the days and weeks to come as it gradually pulls away from the Earth. When the moon passes it by on Monday, it will still be shining at a respectable magnitude +0.5, which is just a trifle dimmer than the ruddy star Betelgeuse in Orion. [Amazing Pictures of Mars]

Astronomers measure the brightness of objects in the sky on a magnitude scale. The lower an object's magnitude number, the brighter it appears in the night sky. Small digits and negative number magnitudes denote the brightest night sky objects.

By the end of June, Mars will have faded fourth-tenths of a magnitude, to +0.9 (remember the higher the number, the fainter the object), making it just a bit brighter than Spica, the brightest star in the Virgo constellation. By that time its position will be about midway between Spica and the planet Saturn to its east and the bluish 1st-magnitude star Regulus in Leo to its west.  

But Mars will then be edging toward Spica and Saturn and will have a striking interaction with those two objects later in the summer.

On June 21, Mars will leave the boundaries of Leo, where it has resided since the beginning of February, and moves into Virgo. On the North American evening of June 28, Mars will pass just 15 arc minutes – 0.25 degrees – south of the 3.8-magnitude star, Beta Virginis. To get an idea of how close that is, that’s one-half the apparent width of the moon. 

Because Mars soon comes to eastern quadrature – a point in the sky that is 90 degrees east of the sun – on June 7, it should now appear distinctly gibbous in even a very small telescope. Most amateur telescopes won’t be showing any substantial detail on Mars; in fact by the end of June its apparent diameter will have shrunk to 6.6 arc seconds, which is less than half the size Mars appeared to us in early March when it was closest to earth at 62.6 million miles (100.7 million kilometers) away.  In contrast, by Jun. 30, Mars will have receded to a distance of 131.8 million miles (212.1 million km) from us.

But at least we have a spacecraft heading for the Red Planet that is drawing near! 

The Mars Science Laboratory, which launched in November 2011, is carrying the 1-ton Curiosity rover which is scheduled to land on the Martian surface early on Aug. 6 to begin a two-year prime mission. Curiosity's landing site is near the base of a mountain inside Gale Crater, near the Martian equator. Researchers plan to use Curiosity to study layers in the mountain that hold evidence about wet environments of early Mars. 

Editor's note: If you snap an amazing picture of the moon and Mars that you'd like to be considered for use in a story or gallery, please send images and comments to SPACE.com managing editor Tariq Malik at tmalik@space.com.

Joe Rao serves as an instructor and guest lecturer at New York's Hayden Planetarium. He writes about astronomy for The New York Times and other publications, and he is also an on-camera meteorologist for News 12 Westchester, New York.

Copyright 2012 SPACE.com, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Monday, May 7, 2012

Spring's Greening Seen from Space

With the onset of spring comes first the buds on trees and then the riot of green leaves, which is so pervasive it can even be seen from space.

NASA's Aqua satellite took this new image of the Piedmont, a forested plateau between the Appalachians and the lower elevation plains along the U.S. Atlantic coast, on April 7 with its Moderate Resolution Imaging Spectroradiometer (MODIS) instrument.

The Appalachian Mountains themselves are still colored brown because trees at higher, and thus cooler, altitudes were likely still in bloom and had not yet begun to produce leaves, according to a NASA statement.

The appearance of spring leaves has become an important tool for determining how the start of spring has changed over time. Blooming flowers and other signs of spring, such as bird migrations, have been edging ever earlier in recent decades as climate change brings warmer temperatures earlier.

Combined with observations on the ground, satellite measurements of spring greening can help scientists better study the effects of global warming. Research by Mark D. Schwartz, a geographer at the University of Wisconsin-Milwaukee, that marries these two types of observations has found that the onset of spring has moved up by 1.1 days per decade in North America since 1960, according to a NASA statement. Change has been particularly fast in the west, where it has advanced by 1.5 days per decade.

Schwartz said this year's spring greening was "exceptionally early," not surprising given the unusually warm weather experienced by much of the country this winter and the summer-like temperatures that have popped up early this spring.

Of course, not all plant species benefit from the warmer temperatures; some tree species need the cold of winter to grow properly come spring. A study of satellite observations from 1982 to 2005 found that about 30 percent of North America — particularly areas south of 35 degrees north latitude — have actually been greening later due to the lack of cool winters.

This article was provided by OurAmazingPlanet, a sister site of SPACE.com.


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Sunday, May 6, 2012

Weather forecast delays shuttle's arrival to NYC

NEW YORK (AP) — The space shuttle Enterprise's scheduled arrival in New York City has been pushed back because of possible bad weather.

NASA says Monday's planned arrival of the shuttle has been postponed "until further notice."

The Enterprise is being brought to the city where it has a new permanent home waiting at the Intrepid Sea, Air and Space Museum.

NASA managers are monitoring weather forecasts and will reschedule the shuttle's flight as soon as possible.

The plan is to fly the shuttle atop a carrier aircraft to New York's John F. Kennedy International Airport. It will be moved by barge to the Intrepid museum for public display.

The museum is at a decommissioned aircraft carrier moored off Manhattan. It's been making room for the shuttle on its flight deck.


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Friday, May 4, 2012

Alaska Northern Lights Expedition Wants Your Help to Find Science Balloons

Want to tramp around in Alaska's backcountry, do a good deed for science and snag a free high-definition camera at the same time? If so, a team of northern lights researchers has a job for you.

Members of an expedition called Project Aether: Aurora lofted nearly two dozen instrument-laden weather balloons toward central Alaska's dazzling northern lights displays during the first two weeks of April. The researchers were able to retrieve all but six of the fallen payloads before they had to leave Alaska this past weekend.

They want your help in getting those six payloads back, and they're willing to pay for it. If you find one of the balloons, you get to keep the GoPro camera that launched with it — as long as you send in the SD memory card, along with the payload's GPS device.

Retrieving a balloon won't be easy. While all of them were launched from the vicinity of Fairbanks, the remaining six fell back to Earth in rugged and remote areas that the Project Aether: Aurora team didn't have time to get to. [Photo Journal: Alaska Northern Lights Expedition]

Still interested? Expedition leader Ben Longmier, a plasma physicist at the University of Houston and chief research scientist at Ad Astra Rocket Co., gave SPACE.com the go-ahead to publish the latitude and longitude coordinates of the six payloads' current locations:

1. 65.90440 degrees north, 146.67557 degrees west

2. 65.12816 degrees north, 147.88901 degrees west

3. 65.06421 degrees north, 148.50345 degrees west

4. 65.13792 degrees north, 148.53404 degrees west

5. 64.89979 degrees north, 148.54439 degrees west

6. 64.62183 degrees north, 148.47850 degrees west

Payload No. 3, just northwest of Fairbanks, is the team's highest priority, Longmier said, because it was launched into a particularly stunning northern lights show. (This balloon also carried a SPACE.com T-shirt high into Earth's atmosphere, if that sweetens the pot any. If you find the shirt, feel free to keep it — but please send us a photo.)

Payload No. 4 is the second-highest recovery priority. Number 6 doesn't have a camera, but Longmier said he'd provide a GoPro to anyone who returns that payload's GPS device. He also threw a further piece of mystery and intrigue into the mix.

"One of these payloads contains a Le Petit Prince action figure," Longmier told SPACE.com via email. "The person to recover the payload that contains the Le Petit Prince will receive a special GoPro accessories package. Le Petit is a brave explorer, but he is becoming cold, lonely, and waiting in the darkness surrounded by wolves and other wild Alaskan animals. Please bring him back soon!"

To give you a better idea of what you're looking for, Longmier provided a brief description of the fallen balloons.

"They contain a mixture of GPS [equipment], parachutes, PVC, carbon fiber and modified GoPro cameras," he said. "The most notable feature of the payloads is the bright orange and white 36-inch-diameter parachute, and the burst 3- to 4-foot-long white latex balloon."

Project Aether: Aurora modified its GoPro cameras to make them work better in low-light conditions. If you recover a payload but would like a "normal" GoPro, Longmier said he'd exchange with you. In any case, recovery teams should contact him at blongmier@uh.edu for shipping details.

The expedition launched a variety of other instruments along with the cameras in an effort to gain a unique perspective on the northern lights. Project Aether: Aurora also aims to inspire schoolkids all over the world to get more interested in science, technology and math, and ultimately to consider a career in these fields.

The team hopes it captured stunning aurora footage that will help catch students' eyes, and it's working with GoPro to get these images out to the public.

You can follow SPACE.com senior writer Mike Wall on Twitter: @michaeldwall. Follow SPACE.com for the latest in space science and exploration news on Twitter @Spacedotcom and on Facebook.


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Thursday, May 3, 2012

Manhattan Project scientist Cowan dies at 92

ALBUQUERQUE, N.M. (AP) — Devoted to finding a way for science to help society, not much escaped the influence of chemist George Cowan. From the Manhattan Project and the hunt for evidence of the Soviet Union's first nuclear tests, to the Santa Fe Institute and the iconic Santa Fe Opera, friends recalled the fruits of his visionary ways.

Cowan died Friday at his home in Los Alamos. He was 92.

Friends confirmed his death to The Associated Press, saying it was the result of a fall at his home. Cowan was in good health and was planning to travel and continue working with the nonprofit science institute that he helped found in 1984.

"It's very sudden, very unexpected. An enormous loss," said close friend and institute co-founder David Pines. "The world is diminished for all of us who knew him."

Cowan worked at Los Alamos National Laboratory for nearly 40 years. He started in 1949 as a scientist and went on to serve as a director of chemistry and as associate lab director of research.

After doing graduate studies at Princeton, Cowan continued his nuclear research as part of the top-secret Manhattan Project that developed the atomic bomb. According to the Santa Fe Institute, Cowan was a troubleshooter for the effort at various research sites around the country and was among the few people who had knowledge of the bomb's separate components.

Cowan arrived at Los Alamos National Laboratory in 1949 and within weeks began directing efforts to turn up radioactive fallout in samples that were collected near the Soviet border. What Cowan and his team detected indicated the Soviets were in possession of a nuclear bomb.

Cowan was considered one of the world's experts on nuclear weapons diagnostics by 1956, according to a biography from the lab.

"We can truly say that our country lost a true hero today," former U.S. Sen. Pete Domenici, R-N.M., said in a statement. "He cannot be replaced, but let's hope he left footprints for us to follow."

Cowan was appointed to the White House Science Council during the Reagan administration.

It was during one of his meetings with the council that he looked around the room and thought about the need to educate the next generation of scientists to ensure the government would continue to have a valuable cadre of advisers.

Conversations about the formation of the Santa Fe Institute followed, some of them being held in the director's conference room on the fourth floor at Los Alamos Lab.

"He was a superb judge of people," said Pines. "He had a real instinct for who was a promising scientist and who was not and this was invaluable to him as he became a manager at Los Alamos."

Bill Enloe, chief executive of Los Alamos National Bank, which was founded by Cowan, said the chemist had a unique ability to lead people.

"It was not by intimidation or by position. It was because what he said made so much sense," Enloe said. "He accomplished a great deal because people were anxious to help and work with him."

Enloe ticked off a list of Cowan's accomplishments that ranged from his scientific accolades and the start of the scientific think tank to the early childhood development programs in New Mexico that he helped influence.

Then there was Cowan's love of travel, food, wine and music. He sat on the board of the Santa Fe Opera and was the first treasurer of the opera's foundation.

Pines recalled the story Cowan had told him about his role in helping preserve the opera, a venue that today draws thousands of visitors from around the world to its unique outdoor stage.

"He managed to get a loan for them from the bank that tied them over," Pines said. "Otherwise the Santa Fe Opera would have gone under many, many years ago."

Officials at the Santa Fe Opera downplayed the suggestion that the organization was ever on the financial ropes, but they said Cowan was a terrific asset to the opera while he served on the board.

Friends used words such as intelligent and practical to describe Cowan, who lived in the same modest home on Los Alamos' 42nd Street since first moving there with his wife decades ago. His wife, Helen "Satch" Dunham, was also a chemist. She died last year and the couple had no children.

Cowan was a philanthropist, having given most of his wealth to charitable causes that he was passionate about, Enloe said.

"He had a large impact on a lot of people," he said.

___

Follow Susan Montoya Bryan on Twitter: http://www.twitter.com/susanmbryanNM


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Unique 'Green' Service Brings Organic to the Masses

Interest in eating healthy is growing, but accessing locally sourced or organic foods isn't always easy, especially for those living in the inner city or far flung rural communities.

That dilemma presented Matt Ewer and his wife, Elizabeth Blessing, with a business idea. They are co-founders of Green B.E.A.N. Delivery, an online home delivery service that's making it easier than ever for Midwest residents to eat healthy — all year round.

According the United States Department of Agriculture, nearly 5 percent of all food now purchased is organic and more than half of organic food is purchased in traditional grocery or big box stores. It's no longer the domain of health food stores. Still, it's not always easy for people in cities or rural communities to get find it and that's where Green B.E.A.N. Delivery comes in.

The company brings locally grown organic produce and natural groceries directly to consumer's homes in six Midwestern cities. By connecting Midwest food producers with Midwest communities through its year-round home delivery service, the company has created a sustainable network promoting the health of the community, local economy and the environment. More than 10,000 familiesuse Green B.E.A.N. Delivery, the company said.

"We deliver organic produce and natural groceries directly to our members' doorsteps," Ewer said. "Our company makes healthy, local and sustainably grown foods convenient, affordable and accessible to Midwest communities, while providing an avenue for local artisans and farmers to share their food crafts with the local community."

B.E.A.N is an acronym for the larger initiatives the company is pushing forward: Biodynamic, Education, Agriculture and Nutrition. Green B.E.A.N. Delivery has spawned several sister companies that have been developed to strengthen its multi-faceted approach to advocating sustainability within our current food systems.

Those include: Tiny Footprint Distribution, which distributes locally sourced products to retail establishments, Farm to Kitchen Foods, which sells healthy, shelf stable food with a focus on local and organic ingredients, Break Room Bins, which provides healthy food options for people in the workplace and The Feel Good Farm, which is Green B.E.A.N. Delivery's own certified organic, 60-acre farm in Sheridan, Ind.

BusinessNewsDaily asked Ewer to tell us a little bit more about his successful venture and how his original idea has blossomed into a variety of new businesses.

BusinessNewsDaily: How long have you been in business?

Matt Ewer: My wife, Elizabeth Blessing, and I founded the company in early 2007 and currently service areas of Indiana, Ohio and Kentucky.

BND: Did you have a formal business plan or did your business just evolve naturally?

M.E.: I did have a business plan, but in the same breath, there has been a lot of natural evolution from 2007 to present. There was no blueprint for me to follow, so there has been a good deal of trial and error, creativity and, of course, very hard work. We have been fortunate enough to accumulate an incredible set of employees that share in our vision. They have made our company’s vision come to fruition.

[Do you feel 'green guilt'? You're not alone.]

BND: Either way, how close has your business stayed to what you originally envisioned it to be?

M.E.: I often get the question if I expected our company to be where it is today. My short and sweet answer is absolutely. We are on track with what my wife and I envisioned when we started Green B.E.A.N Delivery. That being said, we are at the tip of the iceberg. There is so much for our team to achieve. Right now, I am focused on the agricultural side of our company. We are sowing seeds for the future and establishing "The Feel Good Farm" as a leader in Midwest sustainable agriculture.

My main focus for Green B.E.A.N. Delivery is my favorite department, human resources. We are working to make sure that the success of our company is built through solid design and well thought out technique when it comes to the relationship between employer and employees.

BND: How did you finance your statup?

M.E.: The most important thing that I did to help finance my company is making sure that I understood the business I was entering before I started my company. I took out a very small business loan to start the company and made sound decisions along our growth curve. We are very thankful for the support of the community of Indianapolis. Our members have enabled us to create a dynamic food company. We will continue to diversify our services to the community and educate them about the importance of eating healthy and supporting family farms.

BND: How much did you invest?

M.E.: Everything that I have, both financially and mentally. And, now that we have the farm, you can throw physically in there, as well. At this point, we are investing in the business. We have put everything the company has generated back into the company or the individuals that make the company grow and keep improving.

BND: If you had it to do over again, what would you do differently when starting your business?

M.E.: I wouldn't change anything. Everyone makes mistakes and I have learned from the ones I have made as a company owner. I have learned from mistakes I almost made. I have also learned from our successes and the employees I work with every day. I started the company slow and took a grass roots approach. I have basically performed every position. Now that the company is larger, my managers are starting to teach me lessons about their departments. That is rewarding and shows the power of the culture we have built and are continuing to build upon. I believe that running a company follows a certain evolution. That is often times accompanied by a personal evolution. I learn from my company each day and feel fortunate to have this lesson in my life.

BND: What's your best advice for someone with a great business idea who wants to give it a shot?

M.E.: Have passion for what you choose or don't bother. You have to love your industry and you have to understand why you are entering that mode of business. What impact does it have on community? And, what about that business is going to drive you and the decisions you are going to need to make?

Owning your own business is difficult. There is an endless amount of responsibility and you cannot escape your own business. Love what you do and live what you love. If you have that in you, then go for it. Make conscious decisions and fight your way into the market. Otherwise, continue to clock in and clock out.

This story was provided by BusinessNewsDaily, a sister site to LiveScience.


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Tuesday, May 1, 2012

GSK pounces on Human Genome with $2.6 billion bid

LONDON (Reuters) - Human Genome Sciences has rejected an unsolicited bid worth around $2.6 billion from long-time partner GlaxoSmithKline, marking a new takeover battle in a drugs sector recently swept by M&A activity.

The U.S. pioneer of gene-based drug discovery, which sells a new drug for lupus with GSK, said on Thursday the offer of $13 per share, made in a letter on April 11, did not reflect the value inherent in the company.

It has hired Goldman Sachs and Credit Suisse to help explore strategic alternatives, including a possible sale. GSK has been invited to participate in that process.

The Rockville, Maryland-based firm was formed 20 years ago with the mission to isolate genes and identify their function in order to develop new drugs. Over the years it has had a rollercoaster ride as hopes for its drugs have waxed and waned.

GSK's offer represents an 81 percent premium to its closing stock price of $7.17 on Wednesday. However, that is still well below the $30 touched a year ago and investors are hoping for more, with the shares doubling to $14.20 by 1930 GMT.

Britain's biggest drugmaker said the rebuff was disappointing as its offer would give investors "immediate and certain value" superior to what Human Genome could achieve as a standalone company.

GSK chief executive Andrew Witty wrote to Human Genome boss Tom Watkins on April 11 setting out the proposal, saying he was prepared to commence a cash tender offer with no financing or due diligence condition.

Buying Human Genome would give GSK full rights to partnered drugs, which include not only Benlysta - the first new drug for lupus in half a century - but also promising experimental drugs for heart disease and diabetes.

Many drugmakers are seeking to do deals to bolster their pipelines, as older products go off patent, and GSK's readiness to buy Human Genome is a sign of confidence in the drugs that the companies have been developing together.

GSK also expects $200 million in cost synergies by 2015, with the acquisition boosting earnings from 2013.

"WHITE KNIGHT" UNLIKELY

Cowen & Co analyst Eric Schmidt said GSK was likely to seal a deal in the end.

"The 81 percent premium versus yesterday's close is a big number, and I'm sure GSK is likely to pay a little bit more to get the deal done. I think it's very likely to be sold to GSK at around $15 or so a share," Schmidt said.

"I doubt anyone else will come in. It's going to be hard for another company to pay that sort of a premium not having the inside scoop on Benlysta or on anything else these two companies are collaborating on."

Tim Anderson of Bernstein said outside interest in Human Genome's drugs was possible but any other non-GSK acquirer would only get partial control, which could deter bidders.

Barclays analysts also see no "white knight" counter-bidder on the horizon, even though the deals between GSK and Human Genome have no tricky change-of-control clauses.

GSK has long been rumoured as a potential acquirer of Human Genome, since it has been in partnership with the firm since 1993 and is already collaborating on a number of medicines.

Still, the decision to pull the trigger on a takeover attempt may surprise some investors because GSK management has tended not to buy out partners it is working with in the past.

BEYOND BENLYSTA

Analysts said GSK clearly saw value beyond Benlysta.

The two companies are also collaborating on a high-profile experimental heart drug called darapladib, which is in Phase III development, and albiglutide for diabetes, which could be filed for approval late this year or early in 2013.

Mark Clark, an analyst at Deutsche Bank, said darapladib was the biggest ticket pipeline opportunity, with up to $10 billion annual sales potential, although researchers will not know if it actually works until key trial results in 2013 or 2014.

Benlysta, which is subject to a 50:50 profit share deal between the two companies, has got off to a slow start but is still seen as having potential sales of $2.15 billion by 2016, according to consensus forecasts from Thomson Reuters Pharma. A year or so ago investors had been hoping for $3-4 billion.

Despite disappointment about Benlysta sales to date, investors are likely to be emboldened in thinking they can get a better price for their Human Genome shares by recent developments that show Big Pharma's hunger for biotech assets.

Only on Wednesday, Illumina Inc saw off a $6.8 billion bid from Roche Holding AG.

Roche, too, chose to make an unsolicited offer after Illumina shares had fallen back and Sanofi SA took the same approach in its successful acquisition of Genzyme for $20.1 billion last year.

Human Genome said it had asked for more information from GSK about progress with the experimental drugs the two companies have worked on together, including darapladib and albiglutide.

GSK, which is being advised by Lazard and Morgan Stanley, said the plan to acquire Human Genome would not affect its intention to repurchase between 1 billion and 2 billion pounds ($1.6-3.2 billion) in shares in 2012.

Shares in the British-based drugmaker rose nearly 1 percent. ($1 = 0.6238 British pounds)

(Additional reporting by Sophie Sassard, with Lewis Krauskopf and Paritosh Bansal in New York; Editing by David Cowell and Gunna Dickson)


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