Water was present during Earth’s birth

Washington, May 14 (ANI): Volatile elements – most likely to include water – were present during the violent process of the Earth”s birth between 30 and 100 million years after the solar system was created – a minute period in geological terms, researchers have found.

The new research by the University of Manchester and the Carnegie Institution of Washington is to make scientists rethink their understanding of how Earth formed.

The findings mean that comets and asteroids were unlikely to have brought the bulk of volatile elements to Earth – as commonly thought.

Lead scientist Dr Maria Schonbachler from The University of Manchester, publishes her research in Science, the prestigious weekly American journal today.

The scientist based at the University”s School of Earth, Atmospheric and Environmental Sciences hit upon the findings by using high precision equipment to measure abundances of Silver isotopes contained in rocks.

The readings show that the moderately volatile element Silver was present in relatively large amounts towards the final stages of the Earth”s formation.

The radioactive isotope Palladium 107 decays to Silver 107, which was present during the formation of the solar system.

The decay of Palladium 107 creates anomalies in the abundances of Silver isotopes, which can be measured and used for dating, even though Palladium 107 is no longer present on Earth.

The findings give a new boost to a 30 year old model, which suggests that volatile elements were already present in the final stages of the Earth”s birth.

Dr Schonbachler said: “The sensitive equipment we use works in much the same way as when you might carbon date a rock or artifact – but on a scale which enables us to go back billions of years.

“And those measurements allow us to detect a transition from volatile-depleted to volatile-enriched building blocks as the accumulation of Earth proceeded.

“Because we know what happened to the moderately volatile Silver, it”s very likely that the same thing happened to the highly volatile water.

“Though I accept that about 85 per cent of the Earth”s mass was built without volatile elements the rest of it was- and that”s quite an important difference in our understanding of the Earth”s geological history.”

“We don”t now need any theories about how water came to Earth – such as comets and asteroids – it was most likely here almost from the beginning. And water is, what made Earth habitable for life. ” (ANI)

Herald National Bank Raises $32 Million in Capital

NEW YORK–(Business Wire)–
Herald National Bank (NYSE AMEX: HNB), a New York-based full-service commercial
bank, announced today the completion of a private placement of 10.7 million
shares of its common stock and Series A preferred stock at $3.00 per share. The
private placement was completed in two tranches, with the first tranche of $7.5
million closing December 30, 2009 and the second tranche of $24.5 million
closing on March 31, 2010. The gross proceeds to Herald National Bank from the
offering were approximately $32 million, prior to the deduction of placement
fees and offering expenses. The offering was lead by Sandler O’Neill + Partners,
LP with participation from Freeman & Co. Securities LLC.

Key highlights of the offering include:

* Approximately $29 million in additional tier one capital, net of estimated
offering related expenses
* Chairman of the Board, Raymond A. Nielsen elected to the additional position
of Chief Executive Officer

“The capital raise enhances Herald National Bank`s capital position and
increases our pro-forma tier one capital ratio to a level considerably in excess
of that required of de novo banks, which is significantly higher than the ratio
required of older more established banks,” stated Herald National Bank
President, David S. Bagatelle. “We are pleased to have the support of our
institutional investors and look forward to working with them as we continue to
build our relationship based franchise in the New York metropolitan area,” he
concluded.

“The investors in this offering have reaffirmed their confidence in our business
plan and our ability to execute. Unlike many offerings in the financial services
sector these days, our offering was not about balance sheet repair, rather the
capital we raised strengthens our bank`s ability to work with and lend to many
of the premier middle market businesses in our market area,” added Chairman of
the Board and CEO, Raymond A. Nielsen.

New York-based, Clinton Group was the lead investor in the offering with a 24.9%
investment in the Bank. In total five new institutional investors participated
in the offering including: The Clinton Group, Blue Atlantic Capital, Triumph
Investment Funds, and ALDA Capital, LLC. In addition to the new investors, four
of Herald National Bank`s initial institutional investors and Raymond A. Nielsen
also participated in the private placement.

“Our investment in Herald is based on our confidence in this management team and
the capacity to capitalize on the many opportunities that exist for a locally
managed, middle market bank in the New York metropolitan area,” stated George
Hall, President and CEO, of The Clinton Group. “We were attracted to the clean
balance sheet, core deposit growth, and recent measures taken to improve their
operational efficiency,” he continued.

David Perez, of Palladium Equity Partners, an initial investor in the bank and
participant in this offering commented, “Our team at Palladium contributed to
the recapitalization of Herald National Bank because of a continued belief in
the fundamentals of this business plan and its long-term potential in this
marketplace and the ability of management to execute on that plan.”

Immediately following the offering, Herald National Bank also made several
changes to its management and board structure designed to enhance the oversight
and operations of the bank. First, the bank has separated the offices of Chief
Executive Officer and President, with current Chairman of the Board Raymond A.
Nielsen assuming the office of Chief Executive Officer, subject to regulatory
non-objection. David S. Bagatelle has retained the office of President – a move
that allows Bagatelle to focus on day-to-day management and direct support of
the bank`s business development efforts. Second, the Board of Directors has
reduced in size from 15 persons to 10 persons, resulting in resignations from
five directors to accommodate the reduction in size. As a result of significant
investments by The Clinton Group and ALDA Capital, LLC the Board of Directors
expects to nominate representatives of each entity to serve on the Board of
Directors, subject to regulatory non-objection, which will be expected to result
in two additional director resignations.

About Herald National Bank

Herald National Bank is a relationship-based banking institution dedicated to
serving the commercial and private banking needs of small to mid-size
businesses, their owners, executives and senior managers, as well as high net
worth individuals in the New York metropolitan area. Herald National Bank
presently has three offices located in Manhattan (623 Fifth Avenue), Brooklyn
(1333 60th Street), and Melville, Long Island (58 South Service Road). As of
December 31, 2009 the bank had $443 million in assets of which $301 million were
loans. Deposits at December 31, 2009 were $405 million, of which 93% were core
deposits and 35% of which were checking accounts, largely the operating accounts
of the businesses served by the bank.

For more information, visit www.heraldnb.com.

Forward Looking Statements Disclaimer

Certain matters in this press release constitute forward-looking statements that
involve assumptions and potential risks and uncertainties, which are made in a
manner consistent with the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. These forward looking statements involve known
and unknown risks, uncertainties, and other factors that may cause the actual
results, performance and achievements of Herald National Bank to be materially
different from any future results, performance or achievements expressed or
implied by such forward looking statements. These factors include: general
economic, capital market and business conditions; risks arising from litigation
or similar proceedings; interest rate fluctuations; levels of delinquent loans;
employee turnover; government regulation; and those other factors discussed in
the filings of Herald National Bank with the Office of the Comptroller of the
Currency. Herald National Bank undertakes no obligation, and expressly disclaims
any obligation, to update publicly or revise any forward looking statement,
which speaks only as of the date it is made, whether as a result of new
information, future events or otherwise.

Photos/Multimedia Gallery Available:

http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6236592〈=en

Press Inquiries:
Herald National Bank
Adam Moskowitz, 646-521-6234

Copyright Business Wire 2010

Scientists create platinum nanocatalyst for industrial use by drug makers

Washington, September 1 (ANI): Rice University chemists have created a polymer-coated version of gold-platinum nanorods that can be used in the organic solvents favoured by chemical and drug manufacturers.

This work attains significance because, to date, chemists have struggled to create nanoparticles combining platinum and gold-which act as super-efficient catalysts-in an industrially useful form.

Catalysts are compounds that speed up or slow down chemical reactions without being consumed by them. The chemical and drug industries spend billions of dollars each year for catalysts that are needed to process drugs and other high-value chemicals.

“There are some industrial reactions where drugmakers have no choice but to use platinum and palladium catalysts, but the majority of these are homogenous, which means they mix readily with reactants and are very difficult to remove,” said lead researcher Eugene Zubarev, associate professor in chemistry at Rice.

“Because these heavy metals are toxic, they must be completely removed from the drug after its synthesis is completed. However, the removal of homogeneous catalysts is very time-consuming and expensive, which creates a big problem for pharmaceutical companies,” Zubarev added.

Zubarev and Rice graduate student Bishnu Khanal revealed that they wanted to make a heterogeneous platinum catalyst that was soluble enough for industrial use, but that could also be easily removed.

They already knew from previous studies that combining platinum with gold in tiny nanoparticles could enhance the platinum’s catalytic effect. Thus, they started with tiny rods of pure gold. and coated them with a layer of platinum so thin that it left the gold exposed in some places.

Having confirmed the structure of the gold-platinum nanorods, the researchers then set out to find a way to make them soluble in organic solvents that are favoured by industry.

Building on Zubarev’s previous work in making soluble gold nanorods, they found a way to attach hair-like molecules of polystyrene to the surface of the gold-platinum rods.

Zubarev and Khanal found the coated particles were easy to remove from solution with a conventional centrifuge, and that the polystyrene shells made them completely soluble in organic solvents and dramatically enhanced their catalytic selectivity.

“The selectivity of the coated gold and platinum nanorods will be very attractive to industry. For example, we found they had nearly 100 percent catalytic selectivity for the hydrogenation of terminal olefins,” Zubarev said.

The researchers are using similar methods to produce gold-palladium catalysts in a follow-up study. Palladium is another high-demand catalyst.

“The early indications are very promising,” he said.

A research article on this work has been published in the German scientific journal Angewandte Chemie International Edition. (ANI)

Katy Perry celebrates LA homecoming gig with food fight!

London, Sept 1 (ANI): Singer Katy Perry celebrated her LA homecoming gig with a messy food fight.

The ‘I Kissed A Girl’ hitmaker returned to Los Angeles after touring in Europe.

She played a successful show at the Palladium in Hollywood last weekend before heading to the W-Hood nightclub for an afterparty with friends and members of her entourage.

However, her afterparty turned messy at the end of the evening as Perry and her pals indulged in a massive food fight with a tray of cup cakes from fashionable U.S. bakery Crumbs.

The singer was snapped emerging from the venue with chocolate and cream smeared on her face, arms, and her black one-piece jump suit.

She also had pieces of sponge and chocolate in her hair.

Perry wrote on her Twitter blog, “Just got face swiped by crumbs cupcakes. So fun tonight!” (ANI)

New fluorescent solution detect harmful ozone in air and body

London, June 23 (ANI): Scientists at the University of Pittsburgh have developed a fluorescent substance that can help detect the presence of a harmful molecule in the air and body.

The researchers say that the substance glows bright green when exposed even minute amounts of ozone in the air and in biological samples such as human lung cells.

Ozone is at once a harmful pollutant and lung irritant, and a possible natural weapon that certain research suggests the human body employs against infections.

The researchers believe that their simple and fast-acting detector can function as a consumer device to measure surrounding ozone, or as a lab tool to gain insight into its effect on the human body and its debated role in the human immune system.

What distinguishes the probe from existing ozone-detection methods is the fact that it’s sensitive only to ozone, say the researchers.

Current indicators can register a false-positive in response to humidity, other reactive oxygen species, and atmospheric compounds such as lead, palladium, and platinum.

“As you inhale air, you inhale ozone, and it is not known how deeply it penetrates the lung or its effect on the body,” Nature magazine quoted Kazunori Koide, a chemistry professor in Pitt’s School of Arts and Sciences, who is the paper’s corresponding author, as saying.

“Patients with respiratory diseases who are more sensitive to ozone may be able to monitor their exposure, as should employees in industrial and laboratory jobs that include regular ozone exposure. Our method is quick, so people will know they’ve exceeded safe levels before they suffer the symptoms, and it’s highly specific to ozone, so it will prevent having false data,” Koide added.

The team’s detection method consists of a small molecule-based probe added to regular distilled water. Ozone reacts with the probe through a process called ozonolysis, creating the organic compound aldehyde.

The aldehyde undergoes an additional reaction known as beta elimination to produce a substance that glows bright green-or Pittsburgh Green, as the researchers termed it-under an ultraviolet (UV) lamp or microscope.

According to the researchers, the solution began to glow within 30 minutes of coming into contact with ozone.

For the indoor experiment, the research team left paper strips coated with the solution for eight hours in an unventilated office with two photocopiers and two laser printers, devices that are known to generate ozone.

When exposed to UV light, the strips revealed concentrations of ozone captured from within the room.

To test the probe outdoors, the scientists placed the solution at four high-traffic areas in Pittsburgh for eight hours on a sunny day, but out of direct sunlight, and successfully detected ozone.

The researchers also tested the probe on human lung fluid and blood serum to determine its biomedical potential. The samples were exposed to ozone and glowed under a laser light, showing that the probe could work in biological samples.

They went further and exposed human lung cells treated with the probe to ozone-rich air for five minutes.

With a microscope, they observed the fluorescent glow expand within the cell, illustrating that ozone indeed penetrated the cell membrane.

A research article describing the probe has been published in the journal Nature Chemistry. (ANI)

Gold little changed at $890/oz, eyes stock market

Gold stays near $890 as investors wary about dumping gold

* Buying limited due to receding safe-haven demand

* SPDR Gold Trust GLD holdings unchanged at record

By Chikako Mogi

TOKYO, April 15 (Reuters) – Gold was steady around $890 per
ounce on Wednesday as investors watched equity markets to gauge
risk appetite and awaited U.S. earnings and manufacturing data
for more clues on the health of the global economy.

Traders said current prices were unlikely to draw either
buying or selling interest as investors pondered whether to
shift money into equities or hold on to gold.

Stock market sentiment has improved since a G20 meeting of
global leaders this month and after government stimulus
packages from around the world.

“There is not much interest at the $900 level as equities
look more exciting than gold and people are not feeling so much
pain,” said Ronald Leung, director of Lee Cheong Gold Dealers
in Hong Kong.

“But investors don’t want to dump gold because they don’t
know where to put the money,” he said, adding that there was
still too much uncertainty over the global economic outlook to
let go of safe-haven assets.

He said gold would have to fall near $875 to draw buying
interest, including jewellery buying, or rise above $900 to
prompt selling.

Spot gold was trading at $891.05 per ounce, up 0.2
percent from New York’s notional close of $888.85 on Tuesday.

Bullion last closed above $900 on April 2 before hitting a
2-½ month low of $864.30 last week.

Holdings at the world’s largest gold-backed exchange-traded
fund, the SPDR Gold Trust GLD, were unchanged at a record
1,127.68 tonnes as of April 14, a level first reached on April
9. [GOL/SPDR]

Japan’s Nikkei stock average .N225 was down 0.8 percent,
while MSCI’s measure of stocks elsewhere in the Asia-Pacific
region .MIAPJ0000PUS fell 1.2 percent. [.T] [MKTS/GLOB]

Traders believe the precious metal’s strength is intact as
investors remain cautious about U.S. corporate results.

U.S. March data for consumer prices, real earnings and
industrial production will be released later in the day.
Precious metals prices at 0305 GMT
Metal Last Change Pct chg YTD pct chg
Turnover
Spot Gold 890.50 1.65 +0.19 1.18
Spot Silver 12.72 0.00 +0.00 12.37
Spot Platinum 1214.00 10.00 +0.83 30.26
Spot Palladium 233.00 3.00 +1.30 26.29
TOCOM Gold 2844.00 -41.00 -1.42 10.53
12622
TOCOM Platinum 3855.00 -88.00 -2.23 45.36
15219
TOCOM Silver 401.40 -1.10 -0.27 25.71
176
TOCOM Palladium 750.00 -17.00 -2.22 36.36
191
Euro/Dollar 1.3242
Dollar/Yen 98.53
TOCOM prices in yen per gram, except TOCOM silver which is
priced in yen per 10 grams. Spot prices in $ per ounce.
(Additional reporting by Miho Yoshikawa; Editing by Ben Tan)

Scientists find new evidence for existence of “cold fusion”

Washington, March 24 (ANI): Scientists have across evidence for the existence of low-energy nuclear reactions (LENR), the process once called “cold fusion” that may promise a new source of energy.

Low-energy nuclear reactions could potentially provide 21st Century society a limitless and environmentally clean energy source for generating electricity, according to researchers.

“Our finding is very significant,” said study co-author and analytical chemist Pamela Mosier-Boss, of the U.S. Navy’s Space and Naval Warfare Systems Center (SPAWAR) in San Diego, California. “To our knowledge, this is the first scientific report of the production of highly energetic neutrons from an LENR device,” she added.

Fusion is the energy source of the sun and the stars.

Scientists had been striving for years to tap that power on Earth to produce electricity from an abundant fuel called deuterium that can be extracted from seawater.

Everyone thought that it would require a sophisticated new genre of nuclear reactors able to withstand temperatures of tens of millions of degrees Fahrenheit.

Martin Fleishmann and Stanley Pons, however, claimed achieving nuclear fusion at comparatively “cold” room temperatures in 1989 in a simple tabletop laboratory device termed an electrolytic cell.

But, other scientists could not reproduce their results, and the whole field of research declined.

A stalwart cadre of scientists persisted, however, seeking solid evidence that nuclear reactions can occur at low temperatures.

One of their problems involved extreme difficulty in using conventional electronic instruments to detect the small number of neutrons produced in the process.

In the new study, Mosier-Boss and colleagues inserted an electrode composed of nickel or gold wire into a solution of palladium chloride mixed with deuterium or “heavy water” in a process called co-deposition.

A single atom of deuterium contains one neutron and one proton in its nucleus.

Researchers passed electric current through the solution, causing a reaction within seconds. The scientists then used a special plastic, CR-39, to capture and track any high-energy particles that may have been emitted during reactions, including any neutrons emitted during the fusion of deuterium atoms.

At the end of the experiment, they examined the plastic with a microscope and discovered patterns of “triple tracks,” tiny-clusters of three adjacent pits that appear to split apart from a single point.

The researchers said that the track marks were made by subatomic particles released when neutrons smashed into the plastic.

Importantly, Mosier-Boss and colleagues believe that the neutrons originated in nuclear reactions, perhaps from the combining or fusing deuterium nuclei.

“People have always asked ‘Where’s the neutrons?’” Mosier-Boss said. “If you have fusion going on, then you have to have neutrons. We now have evidence that there are neutrons present in these LENR reactions,” she added. (ANI)

Now, ‘green’ hydrogen to provide clean electricity for vehicles

London, Jan 7 (ANI): In a breakthrough study, scientists from University of Aberdeen have successfully produced hydrogen from the fermentation of crops.

They believe that the process could significantly reduce future dependency on fossil fuels and hydrogen can be used to provide clean electricity.

It has long been thought that hydrogen could be used as a fuel, particularly for transport.

If the hydrogen is produced from biofuels, its use results in very low carbon dioxide emissions.

The research team led by Professor Hicham Idriss from the University of Aberdeen they have successfully converted ethanol fermented from biofuels into hydrogen, with the help of a catalyst.

It took more than ten years for the research team to perfect the technique.

Although this has been done before, Idriss said it had never been effective, as it produces waste products, such as carbon monoxide, which is poisonous.

The hydrogen could be used to power fuel cells, which can provide clean electricity for vehicles, homes and even large buildings.

“It”s quite feasible that we could see the use of this new type of catalysts to generate the hydrogen used in the UK in the future if the necessary changes to public policy were implemented,” the Scotsman quoted Prof Idriss as saying.

During the research, crops were fermented using yeast that produced ethanol and water.

The catalyst made from rare metals rhodium and palladium used at temperatures of about 500C converted ethanol and water into hydrogen and carbon dioxide. (ANI)