Wired Science Space Photo of the Day: Sunset on Mars


On May 19th, 2005, NASA's Mars Exploration Rover Spirit captured this stunning view as the Sun sank below the rim of Gusev crater on Mars. This Panoramic Camera (Pancam) mosaic was taken around 6:07 in the evening of the rover's 489th martian day, or sol. Spirit was commanded to stay awake briefly after sending that sol's data to the Mars Odyssey orbiter just before sunset. This small panorama of the western sky was obtained using Pancam's 750-nanometer, 530-nanometer and 430-nanometer color filters. This filter combination allows false color images to be generated that are similar to what a human would see, but with the colors slightly exaggerated. In this image, the bluish glow in the sky above the Sun would be visible to us if we were there, but an artifact of the Pancam's infrared imaging capabilities is that with this filter combination the redness of the sky farther from the sunset is exaggerated compared to the daytime colors of the martian sky. Because Mars is farther from the Sun than the Earth is, the Sun appears only about two-thirds the size that it appears in a sunset seen from the Earth. The terrain in the foreground is the rock outcrop "Jibsheet", a feature that Spirit has been investigating for several weeks (rover tracks are dimly visible leading up to Jibsheet). The floor of Gusev crater is visible in the distance, and the Sun is setting behind the wall of Gusev some 80 km (50 miles) in the distance.


This mosaic is yet another example from MER of a beautiful, sublime martian scene that also captures some important scientific information. Specifically, sunset and twilight images are occasionally acquired by the science team to determine how high into the atmosphere the martian dust extends, and to look for dust or ice clouds. Other images have shown that the twilight glow remains visible, but increasingly fainter, for up to two hours before sunrise or after sunset. The long martian twilight (compared to Earth's) is caused by sunlight scattered around to the night side of the planet by abundant high altitude dust. Similar long twilights or extra-colorful sunrises and sunsets sometimes occur on Earth when tiny dust grains that are erupted from powerful volcanoes scatter light high in the atmosphere.


Image: NASA/JPL/Texas A&M/Cornell [high-resolution]


Caption: NASA/JPL/Texas A&M/Cornell

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“Beasts of Southern Wild,” “Les Miz” among Costume Designer Award nominees






LOS ANGELES (TheWrap.com) – Films as diverse as “Beast of the Southern Wild” and “Les Miserables” were among the nominees for the 15th annual Costume Designers Guild Awards announced Thursday by the organization.


Stephani Lewis was nominated for “Beasts” in the contemporary film category, along with Louise Stjernsward for “The Best Exotic Marigold Hotel,” Mark Bridges for “Silver Linings Playbook,” Jany Temime for “Skyfall” and George L. Little for “Zero Dark Thirty.”






Paco Delgado was nominated in the period film group, along with Jacqueline West for “Argo,” Jacqueline Durran for “Anna Karenina,” Joanna Johnston for “Lincoln” and Kasia Walicka-Maimone for “Moonrise Kingdom.”


The winners of the seven competitive awards will be announced at a gala on Tuesday, February 19, at the Beverly Hilton Hotel.


A special Lacoste Spotlight Award will be presented to Anne Hathaway. Producer, writer, comedian and creator of “Saturday Night Live” Lorne Michaels will receive the Distinguished Collaborator Award. Honorary Career Achievement Awards will be presented to costume designers Judianna Makovsky and Eduardo Castro for their outstanding work in film and television.


The other nominees:


Fantasy Film


“Cloud Atlas,” Kym Barret, Pierre-Yves Gayraud;


“The Hunger Games,” Judianna Makovsky;


“Mirror Mirror,” Eiko Ishioka;


“Snow White and the Huntsman,” Colleen Atwood


Contemporary TV Series


“Girls,” Jennifer Rogien;


“Nashville,” Susie DeSanto;


“Revenge,” Jill Ohanneson;


“Smash,” Molly Maginnis;


“Treme,” Alonzo Wilson, Ann Walters


Period/fantasy TV Series


“Boardwalk Empire,” John Dunn, Lisa Padovani;


“Downton Abbey,” Caroline McCall;


“Game of Thrones,” Michele Clapton;


Made for TV Movie or Mini Series


“American Horror Story: Asylum, Season 2,” Lou Eyrich;


“Hatfields & McCoys,” Karri Hutchinson;


“Hemingway & Gellhorn,” Ruth Myers


Commercials


Capital One: Couture, Roseanne Fiedler;


Captain Morgan Black, Judianna Makovsky;


Dos Equis: Most Interesting Man in the World, Julie Vogel


Movies News Headlines – Yahoo! News




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Well: Holly the Cat's Incredible Journey

Nobody knows how it happened: an indoor housecat who got lost on a family excursion managing, after two months and about 200 miles, to return to her hometown.

Even scientists are baffled by how Holly, a 4-year-old tortoiseshell who in early November became separated from Jacob and Bonnie Richter at an R.V. rally in Daytona Beach, Fla., appeared on New Year’s Eve — staggering, weak and emaciated — in a backyard about a mile from the Richter’s house in West Palm Beach.

“Are you sure it’s the same cat?” wondered John Bradshaw, director of the University of Bristol’s Anthrozoology Institute. In other cases, he has suspected, “the cats are just strays, and the people have got kind of a mental justification for expecting it to be the same cat.”

But Holly not only had distinctive black-and-brown harlequin patterns on her fur, but also an implanted microchip to identify her.

“I really believe these stories, but they’re just hard to explain,” said Marc Bekoff, a behavioral ecologist at the University of Colorado. “Maybe being street-smart, maybe reading animal cues, maybe being able to read cars, maybe being a good hunter. I have no data for this.”

There is, in fact, little scientific dogma on cat navigation. Migratory animals like birds, turtles and insects have been studied more closely, and use magnetic fields, olfactory cues, or orientation by the sun.

Scientists say it is more common, although still rare, to hear of dogs returning home, perhaps suggesting, Dr. Bradshaw said, that they have inherited wolves’ ability to navigate using magnetic clues. But it’s also possible that dogs get taken on more family trips, and that lost dogs are more easily noticed or helped by people along the way.

Cats navigate well around familiar landscapes, memorizing locations by sight and smell, and easily figuring out shortcuts, Dr. Bradshaw said.

Strange, faraway locations would seem problematic, although he and Patrick Bateson, a behavioral biologist at Cambridge University, say that cats can sense smells across long distances. “Let’s say they associate the smell of pine with wind coming from the north, so they move in a southerly direction,” Dr. Bateson said.

Peter Borchelt, a New York animal behaviorist, wondered if Holly followed the Florida coast by sight or sound, tracking Interstate 95 and deciding to “keep that to the right and keep the ocean to the left.”

But, he said, “nobody’s going to do an experiment and take a bunch of cats in different directions and see which ones get home.”

The closest, said Roger Tabor, a British cat biologist, may have been a 1954 study in Germany which cats placed in a covered circular maze with exits every 15 degrees most often exited in the direction of their homes, but more reliably if their homes were less than five kilometers away.

New research by the National Geographic and University of Georgia’s Kitty Cams Project, using video footage from 55 pet cats wearing video cameras on their collars, suggests cat behavior is exceedingly complex.

For example, the Kitty Cams study found that four of the cats were two-timing their owners, visiting other homes for food and affection. Not every cat, it seems, shares Holly’s loyalty.

KittyCams also showed most of the cats engaging in risky behavior, including crossing roads and “eating and drinking substances away from home,” risks Holly undoubtedly experienced and seems lucky to have survived.

But there have been other cats who made unexpected comebacks.

“It’s actually happened to me,” said Jackson Galaxy, a cat behaviorist who hosts “My Cat From Hell” on Animal Planet. While living in Boulder, Colo., he moved across town, whereupon his indoor cat, Rabbi, fled and appeared 10 days later at the previous house, “walking five miles through an area he had never been before,” Mr. Galaxy said.

Professor Tabor cited longer-distance reports he considered credible: Murka, a tortoiseshell in Russia, traveling about 325 miles home to Moscow from her owner’s mother’s house in Voronezh in 1989; Ninja, who returned to Farmington, Utah, in 1997, a year after her family moved from there to Mill Creek, Wash.; and Howie, an indoor Persian cat in Australia who in 1978 ran away from relatives his vacationing family left him with and eventually traveled 1,000 miles to his family’s home.

Professor Tabor also said a Siamese in the English village of Black Notley repeatedly hopped a train, disembarked at White Notley, and walked several miles back to Black Notley.

Still, explaining such journeys is not black and white.

In the Florida case, one glimpse through the factual fog comes on the little cat’s feet. While Dr. Bradshaw speculated Holly might have gotten a lift, perhaps sneaking under the hood of a truck heading down I-95, her paws suggest she was not driven all the way, nor did Holly go lightly.

“Her pads on her feet were bleeding,” Ms. Richter said. “Her claws are worn weird. The front ones are really sharp, the back ones worn down to nothing.”

Scientists say that is consistent with a long walk, since back feet provide propulsion, while front claws engage in activities like tearing. The Richters also said Holly had gone from 13.5 to 7 pounds.

Holly hardly seemed an adventurous wanderer, though her background might have given her a genetic advantage. Her mother was a feral cat roaming the Richters’ mobile home park, and Holly was born inside somebody’s air-conditioner, Ms. Richter said. When, at about six weeks old, Holly padded into their carport and jumped into the lap of Mr. Richter’s mother, there were “scars on her belly from when the air conditioner was turned on,” Ms. Richter said.

Scientists say that such early experience was too brief to explain how Holly might have been comfortable in the wild — after all, she spent most of her life as an indoor cat, except for occasionally running outside to chase lizards. But it might imply innate personality traits like nimbleness or toughness.

“You’ve got these real variations in temperament,” Dr. Bekoff said. “Fish can by shy or bold; there seem to be shy and bold spiders. This cat, it could be she has the personality of a survivor.”

He said being an indoor cat would not extinguish survivalist behaviors, like hunting mice or being aware of the sun’s orientation.

The Richters — Bonnie, 63, a retired nurse, and Jacob, 70, a retired airline mechanics’ supervisor and accomplished bowler — began traveling with Holly only last year, and she easily tolerated a hotel, a cabin or the R.V.

But during the Good Sam R.V. Rally in Daytona, when they were camping near the speedway with 3,000 other motor homes, Holly bolted when Ms. Richter’s mother opened the door one night. Fireworks the next day may have further spooked her, and, after searching for days, alerting animal agencies and posting fliers, the Richters returned home catless.

Two weeks later, an animal rescue worker called the Richters to say a cat resembling Holly had been spotted eating behind the Daytona franchise of Hooters, where employees put out food for feral cats.

Then, on New Year’s Eve, Barb Mazzola, a 52-year-old university executive assistant, noticed a cat “barely standing” in her backyard in West Palm Beach, struggling even to meow. Over six days, Ms. Mazzola and her children cared for the cat, putting out food, including special milk for cats, and eventually the cat came inside.

They named her Cosette after the orphan in Les Misérables, and took her to a veterinarian, Dr. Sara Beg at Paws2Help. Dr. Beg said the cat was underweight and dehydrated, had “back claws and nail beds worn down, probably from all that walking on pavement,” but was “bright and alert” and had no parasites, heartworm or viruses. “She was hesitant and scared around people she didn’t know, so I don’t think she went up to people and got a lift,” Dr. Beg said. “I think she made the journey on her own.”

At Paws2Help, Ms. Mazzola said, “I almost didn’t want to ask, because I wanted to keep her, but I said, ‘Just check and make sure she doesn’t have a microchip.’” When told the cat did, “I just cried.”

The Richters cried, too upon seeing Holly, who instantly relaxed when placed on Mr. Richter’s shoulder. Re-entry is proceeding well, but the mystery persists.

“We haven’t the slightest idea how they do this,” Mr. Galaxy said. “Anybody who says they do is lying, and, if you find it, please God, tell me what it is.”

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The Boss: New Leaders Inc. C.E.O. on Giving Children a Chance





I AM the youngest of 10 children in my family, and the only one born in the United States. My father was a municipal judge who fled Haiti during the Duvalier regime. He and my mother settled in the Bedford-Stuyvesant area of Brooklyn, but could not initially afford to bring over my four brothers and five sisters, who stayed in Haiti with relatives.







Jean S. Desravines is the chief executive of New Leaders Inc. in New York.




AGE 41


FAVORITE PASTIMES Karate and taekwondo


MEMORABLE BOOK "How Children Succeed: Grit, Curiosity and the Hidden Power of Character," by Paul Tough






Since he did not speak English fluently, my father worked as a janitor and had a second job as a hospital security guard. He later took a third job driving a taxi at night to pay for my tuition at Nazareth Regional High School, a Roman Catholic school in Brooklyn. My parents were determined that I was going to get a good education, and wanted to keep me away from local troubles, which did claim two of my childhood friends.


Working so many jobs overwhelmed my father. He had a heart attack and died at age 59 behind the wheel of his taxi. My mother found it difficult to cope without my father and moved back to Haiti in 1989 with two of my siblings. I thought I would have to leave school because I had no money for tuition, but Nazareth agreed to pay my way.


I wound up sleeping in my car for almost three months, showering at school after my track team’s practice. I also held down two jobs, both in retailing, and one of my sisters and I rented a basement apartment in East Flatbush.


After graduating from high school in 1990, I attended St. Francis College in Brooklyn, on athletic and academic scholarships. I worked first at the New York City Board of Education, where H. Carl McCall was president, then in his office after he became New York State comptroller. I later worked in the office of Ruth Messinger, then the Manhattan borough president.


I broadened my nonprofit organization experience at the Faith Center for Community Development while earning my master’s of public administration at New York University. I married my high school sweetheart, Melissa, and we now have two children.


In 2001, I began to work toward my original goal — improving educational opportunities for children — and joined the city’s Department of Education. I was later recruited under the new administration of Mayor Michael R. Bloomberg to help start a program as part of his Children First reforms.


In 2003, I became the Department of Education’s executive director for parent and community engagement, and, two years later, senior counselor to Joel I. Klein, then the school chancellor. He taught me a great deal about leadership and how to change the education system. But I began to realize public education could not be transformed without great principals who function like C.E.O.’s of their schools.


So in 2006 I returned to the nonprofit world, to New Leaders, a national organization founded in 2000 to recruit and develop leaders to turn around low-performing public schools. Initially, I managed city partnerships and expanded our program in areas like New Orleans and Charlotte, N.C.


In 2011, I became C.E.O., and revamped our program to produce even stronger student achievement results, streamlined our costs, diversified funding sources and forged new partnerships. We have an annual budget of $31.5 million, which comes from foundations, businesses, individuals and government grants, and a staff of about 200 people at a dozen locations.


We have a new partnership with Pearson Education to provide greater learning opportunities to public school principals. The goal of these efforts is to have a great principal in each of our nation’s public schools — to make sure that, just as I did, all kids get a chance at success.


As told to Elizabeth Olson.



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Obama loyalists are now Organizing for Action









WASHINGTON — Underscoring its potential to become a political heavyweight, a new advocacy group launched Friday to push President Obama's second-term agenda will be guided by his most-trusted strategists and have access to his reelection campaign's most-prized assets, including its intricately detailed voter databases.


In an email to supporters with the subject line "Say you're in," Obama vowed that the group, Organizing for Action, would be "an unparalleled force in American politics."


"It will work to turn our shared values into legislative action — and it'll empower the next generation of leaders in our movement," the president wrote.





Jim Messina, who managed Obama's 2012 campaign, will be chairman of the board, and longtime Obama advisor David Axelrod will serve as a consultant. David Plouffe, Obama's top political advisor, will also have a role when he leaves the White House, a move expected to happen soon.


"If we can take the enthusiasm and passion that people showed throughout the campaign and channel it into the work ahead of us, we will be unstoppable," Messina wrote in an email to campaign donors.


To accomplish that, however, the organization must avoid the fate of a previous effort Obama officials made in 2009 to transform his first presidential campaign into a permanent advocacy force. That project, the similarly named Organizing for America, was criticized by many Democrats for failing to effectively harness the president's grass-roots supporters.


The new group, unlike its predecessor, will be independent of the Democratic National Committee. It is being run by Jon Carson, who most recently directed the White House Office of Public Engagement. Based in Chicago and Washington, the organization's board is stocked with veteran Obama aides Robert Gibbs, Stephanie Cutter, Jennifer O'Malley Dillon, Erik Smith and Julianna Smoot, as well as technology entrepreneur Frank White, a top campaign fundraiser.


Set up as an tax-exempt advocacy group, Organizing for Action will have freer rein to operate, as well as the ability to deploy the sophisticated databases and software developed for Obama's reelection campaign. The campaign will lease those valuable assets to the advocacy group, retaining control for the foreseeable future.


The arrangement gives Obama allies supervision over the campaign's voter files, technology and email lists, which are coveted by other Democratic candidates and interest groups. The campaign has not yet made any decisions about who else will get access to them.


The decision about how — and if — the campaign's infrastructure will be shared is one of the most pressing questions being raised in Democratic circles in the wake of the group's launch.


"We've never had a presidential campaign that created and retained the kind of information that the Obama 2012 campaign built," said Democratic strategist Steve Hildebrand, who served as a top Obama campaign official in 2008. "So it's going to take more than a few weeks to figure this new environment out and how it should apply to future elections."


Those assets could give other candidates a strong edge, and party strategists warn of a backlash if the Obama campaign does not share its resources. But deciding who would get to use them could be tricky — particularly in the fight for the 2016 Democratic presidential nomination, which could see Vice President Joe Biden competing against Secretary of State Hillary Rodham Clinton.


The current arrangement raises many questions, including whether the campaign will have the funds for the costly project of keeping the files current. "They are a hot commodity right now, but these lists quickly become like stinky cheese," said Steve Rosenthal, a veteran Democratic organizer. "If you don't keep updating them, they have pretty limited value."


Officials said Friday that Organizing for Action, which was set up under the tax code's section 501(c)4 as a nonprofit social welfare organization, will accept unlimited individual and corporate donations but not contributions from lobbyists, similar to the self-imposed rules governing the 2013 Presidential Inaugural Committee.


The organization plans to disclose its donors, as the inaugural committee does, even though tax-exempt advocacy groups are not required to do so. But it remains to be seen how frequently Organizing for Action will share that information and whether it will reveal the amount of the donations.


matea.gold@latimes.com





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Did <em>Glee</em> Rip Off a Jonathan Coulton Cover of 'Baby Got Back'?



Musician Jonathan Coulton, best known for his geek-friendly tunes like “Code Monkey” and the two (amazing) theme songs for the Portal videogames, got a bit of a surprise this morning when a Twitter follower sent him a video that appeared to be a Glee version of the Sir Mix-A-Lot song “Baby Got Back.” The problem? It was almost identical to Coulton’s very distinctive cover arrangement of the same song on his 2005 album Thing a Week One.


“I assume [Glee] heard [my cover] and wanted to put it in their show. Which is flattering, but also an email would have been nice — just a hi, howya doin’ kind of thing,” Coulton told Wired by e-mail.


Coulton notes that the YouTube video was not an official Fox release of the song, but the track is currently for sale on the Swedish version of iTunes, as reported by Kotaku, where it appears to be offered from the official “Glee Cast” account. The song is reportedly slated for the Jan. 24 episode “Sadie Hawkins.” Wired reached out to a Fox representative, who said that they had no comment on the matter.


Coulton immediately posted the video on Twitter side-by-side with a link to his version of the 1986 hit single, and the resemblance was beyond uncanny, even simulating quirks like Coulton’s name drop of “Johnny C.” It was so close, in fact, that Coulton speculated that the same audio might have been used on the track, and recruited his followers to help him analyze the track.


“I’m still waiting on the science,” said Coulton. “It’s possible they chose to reproduce the arrangement exactly, but I’m not sure why they would have kept all my bad choices in there and not found one thing to improve. Though I will say their mix is better than my 2005 version, so that’s good.”


Coulton adds that he’s trying to sort out the legal ramifications, and that while he’d be fine with fans using his arrangement of the song “for fandom’s sake, but if it is a large corporation using other people’s ideas to make money, whether it’s legal or not, it’s kind of gross.”


Asked about his new or upcoming projects, Coulton joked, “I’m creating a new TV show. It’s called Glee.”


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John Powers, author who wrote about growing up Catholic, dies






(Reuters) – John Powers, a U.S. author and motivational speaker who wrote about his experiences growing up Catholic in Chicago including the novel “Do Black Patent Leather Shoes Really Reflect Up?” has died, his family said on Thursday.


Powers, 67, died late Wednesday of natural causes at his home in Lake Geneva, Wisconsin, his daughter Jacey Powers said.






A product of a working-class neighborhood, Powers wrote what he called humorous social portraits in columns to novels, a musical based on “Black Patent Leather Shoes” and more recently wrote and performed one-man shows.


“He cherished every moment and lived with tremendous passion and motivated others to do the same,” Jacey Powers said.


Powers lived the last 25 years in Lake Geneva, spending almost all of his time writing on the front porch, she said.


“He had just finished rewriting his one-man show and wanted to put it up,” Jacey Powers said. “(He) was always looking for new ways to reinvent himself and to find the next challenge and to live life better.”


A self-described “horrible” student at a Catholic high school – his motivational speaking website says he graduated in the bottom 3 percent of his class – he liked to say he was the only student in school history to fail music appreciation.


Powers went on to earn a bachelor’s degree from Loyola University Chicago, and a master’s and doctorate from Northwestern University and became a college professor himself for six years.


Other books by Powers include “The Last Catholic in America” and “The Unoriginal Sinner and the Ice-Cream God.”


Visitation and services are planned for Sunday at The Chapel on the Hill in Lake Geneva.


Powers is survived by his wife, JaNelle Powers, and daughters Jacey Powers and Joy Powers.


(Reporting by David Bailey in Minneapolis; Editing by Lisa Shumaker)


Celebrity News Headlines – Yahoo! News





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Well: A Great Grain Adventure

This week, the Recipes for Health columnist Martha Rose Shulman asks readers to go beyond wild rice and get adventurous with their grains. She offers new recipes with some unusual grains you may not have ever cooked or eaten. Her recipes this week include:

Millet: Millet can be used in bird seed and animal feed, but the grain is enjoying a renaissance in the United States right now as a great source of gluten-free nutrition. It can be used in savory or sweet foods and, depending on how it’s cooked, can be crunchy or creamy. To avoid mushy millet, Ms. Shulman advises cooking no more than 2/3 cup at a time. Toast the seeds in a little oil first and take care not to stir the millet once you have added the water so you will get a fluffy result.

Triticale: This hearty, toothsome grain is a hybrid made from wheat and rye. It is a good source of phosphorus and a very good source of magnesium. It has a chewy texture and earthy flavor, similar to wheatberries.

Farro: Farro has a nutty flavor and a chewy texture, and holds up well in cooking because it doesn’t get mushy. When using farro in a salad, cook it until you see that the grains have begun to splay so they won’t be too chewy and can absorb the dressing properly.

Buckwheat: Buckwheat isn’t related to wheat and is actually a great gluten-free alternative. Ms. Shulman uses buckwheat soba noodles to add a nutty flavor and wholesomeness to her Skillet Soba Salad.

Here are five new ways to cook with grains.

Skillet Brown Rice, Barley or Triticale Salad With Mushrooms and Endive: Triticale is a hybrid grain made from wheat and rye, but any hearty grain would work in this salad.


Skillet Beet and Farro Salad: This hearty winter salad can be a meal or a side dish, and warming it in the skillet makes it particularly comforting.


Warm Millet, Carrot and Kale Salad With Curry-Scented Dressing: Millet can be tricky to cook, but if you are careful, you will be rewarded with a fluffy and delicious salad.


Skillet Wild Rice, Walnut and Broccoli Salad: Broccoli flowers catch the nutty, lemony dressing in this winter salad.


Skillet Soba, Baked Tofu and Green Bean Salad With Spicy Dressing: The nutty flavor of buckwheat soba noodles makes for a delicious salad.


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DealBook: Despite Improving Profits, Morgan Stanley's Path Is Uncertain

8:40 p.m. | Updated

Morgan Stanley has taken aggressive action to bolster profit. Over the last year, the Wall Street bank has cut thousands of employees, sold costly assets and retooled major businesses.

Those efforts worked. In the fourth quarter, Morgan Stanley reported earnings of $481 million, in contrast to a loss of $275 million in 2011. Profit was equally strong for the year.

But the path to future growth is less clear. While the financial firm can find other ways to cut costs, its core operations face significant challenges, from both internal and external forces. Reflecting those issues, revenue was flat last year, excluding charges related to its debt.

“They are doing everything they can to boost returns,” said Glenn Schorr, an analyst at the Japanese bank Nomura. “But given the environment and the state of their franchise, they can only do so much.”

Investors are assessing the progress versus the prospects.

After Morgan Stanley beat analysts’ expectations, the bank’s shares increased nearly 8 percent, to close at $22.38 on Friday. Morgan Stanley’s stock is up nearly 50 percent since early 2012.

“The company has been steadily chipping away at areas of investor concern, and has shown evidence of that progress,” Roger Freeman, a Barclays analyst, wrote in a note to investors.

Still, investors don’t value the investment bank as highly as some of its peers.

Morgan Stanley is trading at approximately 70 percent of its book value, a crucial financial measure that refers to the liquidation value of a company’s assets if it were forced to sell everything. Goldman, in contrast, is trading at book value.

More than four years after the financial crisis, Morgan Stanley has emerged as a much stronger, albeit smaller, bank.

After getting badly bruised during the crisis, Morgan Stanley, under the leadership of James P. Gorman, the chief executive, has moved to remake itself. He has diversified operations, emphasizing less risky businesses like wealth management.

That group was a particular bright spot. In the latest quarter, wealth management, with its 16,780 financial advisers, posted decent revenue growth. Pretax profit margin rose to 17 percent, up from 7 percent a year ago. That trumped the firm’s internal goals of 15 percent.

Investment banking, too, showed signs of strength. The group posted revenue of $1.23 billion in the fourth quarter, up 26 percent from the previous year.

The bank has also cut expenses significantly to help drive profitability. In 2012, Morgan Stanley reduced its head count by 7 percent, to 57,061 employees. It laid off 1,600 people this month.

The firm has also been bringing its pay levels down modestly. The firm’s compensation ratio, excluding certain charges, came in at roughly 51 percent, down from 57 percent a year ago.

Such efforts will most likely continue. On Friday, the bank said it might cut expenses by as much as $1.6 billion over the next two years.

Mr. Gorman called this quarter “pivotal,” on Friday. “I am confident we are on the path to increasing shareholder value that will be evident regardless of the macro environment,” he said in a statement.

Even so, the latest results underscored the growing gap between the bank and its rivals.

Revenue was flat for the quarter at Morgan Stanley, while it increased by 19 percent at Goldman Sachs during the same period. Excluding charges related to its debt, Morgan Stanley’s return on equity, a measure of profitability, was 5 percent. That compares with 10.7 percent at Goldman. To simply cover its debt expenses and other capital costs, Morgan Stanley needs to achieve a return on equity closer to 10 percent.

The firm’s problem child is the fixed income department.

Fourth-quarter revenue from fixed income sales and trading, headed by Ken deRegt, was $811 million, excluding the charges related to the firm’s debt. This was well below analysts’ forecasts. The bank was hurt by poor results in commodities trading, Mr. Gorman said in an interview on CNBC. He said it was a “terrible quarter,” citing factors like Hurricane Sandy, adding that it was one of the worst for the commodities business since 1995.

Despite its successes, Morgan Stanley faces a tough road.

The bank, which has had its credit rating cut deeper than its rivals, is also adjusting to a new regulatory environment. It now has to put up more capital against its operations, forcing the bank to leave certain businesses, reducing profitability.

Morgan Stanley is also trying to build market share in less-capital-intensive businesses like interest rates trading. But it is a highly competitive area, with lower margins.

“They have made some clear progress, but still have their work cut out for them in fixed income,” said Mr. Schorr of Nomura.

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Facebook Wants New Breed of Flash Memory for Storing Old Pics



With each passing day, more than 350 million digital photos find their way onto Facebook, joining the more than 240 billion that are already there. Jay Parikh is the man who makes sure all those photos can remain online from now until the end of time, and that’s going pretty well. But he wants a little help. He wants the world to build him a new kind of flash memory ideally suited to storing all those old pics you rarely look at anymore.


The way things are going, he’ll probably get it. As Facebook’s vice president of infrastructure engineering, Parikh oversees the development of both the software and the hardware needed to operate the world’s most popular social network, and in recent months, he and his colleagues have developed a certain knack for convincing the world’s hardware companies to build stuff that suits Facebook’s particular needs — and the needs of other massive online operations. Just yesterday, Intel, AMD, and two other chip makers put their weight behind Facebook’s effort to create a new type of server that lets you add and remove processors whenever you like.


In the spring of 2011, Facebook founded something called the Open Compute Project, hoping to remake the hardware industry through communal collaboration, and on Wednesday, even as the company was showing off the latest fruits of the project, Parikh was calling for more.


Today, Facebook stores all your photos on good old-fashioned mechanical hard disks. This works well enough, but now that the company is juggling hundreds of billions of photos, many of them dating back three or four years, it makes less sense by the day. Those older photos aren’t accessed that often, and if they remain on hard drives, they continue to sap relatively large amounts of power.



“We can’t say: ‘Hey, you want to look at that picture from Halloween five years ago? We’ll go grab the tape and put it on the drive and send it to you in the week.’”


— Jay Parikh



Traditionally, companies have moved their older digital data to, say, magnetic tape. With Facebook, there’s an added rub. Even those older photos must be stored in a way that lets you instantly retrieve them. “We can’t say: ‘Hey, you want to look at that picture from Halloween five years ago? We’ll go grab the tape and put it on the drive and send it to you in the week,’” Parikh explained on Wednesday, during a speech at the Open Compute Project’s latest summit meeting. “That just doesn’t work.”


Parikh and company could move those older photos to the sort of flash memory devices that are now invading other parts of the computer data center — devices that consumes far less power than hard disks — but these carry relatively high price tags. Today’s super-speedy flash devices are a great to store information that’s accessed all the time, but they’re too expensive for the kind of “cold storage” Facebook needs for old photos.


So Parikh wants someone to build him some flash storage that’s cheaper. Basically, today’s flash is built to maximize the number of reads and writes you can make — the medium tends to degrade as you read and write — but he wants a version that specifically designed for data that’s accessed only occasionally.


“We want something with a low write-endurance,” he told us on Wednesday. “We want to get to something with a much, much lower unit cost per gigabyte.” This will also reduce the company’s power consumption, and according to Parikh, it will give his engineers more flexibility when it comes to writing software. “You play all sorts of neat software tricks in terms of how you optimize it.” When you’re reading and writing data on spinning hard drive platters — and you want to keep speeds up — there are tight restrictions on how you can do so.


On stage, during his speech, Parikh likened storage devices to cars. Right now, he said, it was as if his only options were a minivan and a high-end sports car. What he really wants is a third option — something more like a Prius. “We want is a continuum of options,” he said. “Today, the spectrum is very coarse. There’s tape on one end. There’s flash on the other end. And spinning disks in the middle. And that’s it.”


That may seem like a tall order, but Facebook is now so large — and so influential — it can make such requests in earnest. According to Facebook hardware design and supply chain guru Frank Frankovksy, Facebook engineers have long worked hand-in-hand with the Utah-based flash storage outfit Fusion-io, playing directly into the company’s latest designs, including the new 3.2 terabyte flash introduced on Wednesday at the Open Compute Summit, and Fusion-io chief David Flynn is only too happy to advertise this relationship.


Fusion-io’s high-speed flash cards are already driving Facebook’s database software — where so much of your text-based today is stored — but someday, Facebook will also move flash into the cold storage facility it’s building outside its data center up in Prineville, Oregon. It needs to get its hands on an entirely new type of flash before that can happen. But that shouldn’t be a problem.


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