Insight on the Fed's latest stimulus move, with Lance Roberts, Streettalk Advisors, and Ethan Harris, BofA Merrill Lynch Global Research; and CNBC's Rick Santelli.
By NBC News wire services
Updated at 10:20 p.m. ET: Stocks climbed Friday, adding to the multi-year highs seen on Thursday, as investors lauded an aggressive plan by the Federal Reserve to stimulate the economy.
The Dow Jones industrial average was lately up over 100 points.
The Federal Reserve launched another stimulus program on Thursday, its third quantitative easing measure, saying it would pump $40 billion into the economy each month until the jobs market showed sustained growth.
"[The Fed] is the obvious market driver of today and probably will continue for the next day or two," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.
Treasury bonds tumbled Friday as the Fed?s actions cut demand for safe assets. Yields rose sharply.
The Fed's announcement Thursday pushed the Dow and S&P 500 to their highest levels since December 2007 and the Nasdaq to its highest close since November 2000.
It also pushed the dollar lower, boosting commodities by raising the allure of those priced in a weaker U.S. currency.
Staples Inc gained after Fortune reported several private equity firms, including Bain Capital, were considering a buyout offer for the office retailer.
Home Depot Inc, the world's largest home improvement chain, will close all seven of its big box stores and cut 850 jobs in China as the retailer changes its focus in the Chinese market to online and specialty stores, becoming the latest retailer to feel the chill from China's slowing economy.
Eight scientists honored in first annual Golden Goose Awards Public release date: 13-Sep-2012 [ | E-mail | Share ]
Contact: Barry Toiv barry_toiv@aau.edu 202-408-7500 Association of American Universities
Recipients honored for their work on glowing jellyfish, radiation waves, and tropical coral
Eight scientists, including four Nobel Prize winners, will be honored today with the first annual Golden Goose Awards, celebrating researchers whose seemingly odd or obscure federally funded research turned out to have a significant impact on society.
The awardees will be honored at a ceremony on Capitol Hill, where they will receive their awards from a bipartisan group of Members of Congress. The scientists are:
- Charles Townes, a physicist whose work in the 1950s led to the invention of laser technology, which at the time had no known application, but without which much of modern technology would be impossible. His work earned him a Nobel Prize in 1964.
- Eugene White, Rodney White, Della Roy, and the late Jon Weber, whose study of tropical coral in the 1960s led serendipitously to the development of an ideal bone graft material that is used commonly in surgery today. (Dr. Roy cannot be present for the ceremony.)
- Martin Chalfie, Roger Tsien, and Osamu Shimomura, whose research, following Dr. Shimomura's work on how certain jellyfish glow in the dark, led to numerous medical research advances and to methods used widely by the pharmaceutical and biotechnology industries. They won the Nobel Prize for Chemistry in 2008. (Dr. Shimomura cannot be present for the ceremony.)
The purpose of the Golden Goose Award is to demonstrate the human and economic benefits of federally funded research by highlighting examples of seemingly obscure or unusual studies that have led to major breakthroughs and have had a significant impact on society. Such breakthroughs may include development of life-saving medicines and treatments; game-changing social and behavioral insights; and major technological advances related to national security, energy, the environment, communications, and public health.
The Golden Goose Award was originally the idea of Representative Jim Cooper (D-TN). It was created and jointly launched by a coalition of organizations, listed below, which believe that federally funded basic scientific research is the cornerstone of American innovation and essential to our economic growth, health, global competitiveness, and national security. The award recipients were selected by a panel of respected scientists and university research leaders, also listed below.
Reflecting on the award, Representative Cooper said, "We should honor, not mock, scientists. Like the fabled golden goose, today's awardees gave unexpected gifts to mankind. Budget cutbacks must be made, but science should be spared."
Rep. Cooper and other Democratic and Republican Members of Congress who support the Golden Goose Award are expected to speak and hand out the awards at today's ceremony.
Speaking on behalf of the sponsoring organizations, Dr. Alan Leshner, CEO of the American Association for the Advancement of Science, added, "The unexpected benefits of basic research have been huge, a point well-demonstrated by the work of the first Golden Goose awardees."
To read the individual stories of the winning researchers and to learn more about the Golden Goose Award, go to www.goldengooseaward.org.
FOUNDING ORGANIZATIONS:
American Association for the Advancement of Science (AAAS): The American Association for the Advancement of Science is an international nonprofit organization dedicated to advancing science around the world by serving as an educator, leader, spokesperson and professional association. In addition to organizing membership activities, AAAS publishes the Science family of journals as well as many scientific newsletters, books and reports, and spearheads programs that raise the bar of understanding for science worldwide.
Association of American Universities (AAU): The Association of American Universities is a nonprofit association of 59 leading U.S. public and private nonprofit research universities and two Canadian counterparts. Founded in 1900, AAU today AAU today focuses on issues that are important to research-intensive universities, such as funding for research, research policy issues, and graduate and undergraduate education. AAU member universities are on the leading edge of innovation, scholarship, and solutions that contribute to the nation's economy, security, and well-being.
Association of Public and Land-grant Universities (A?P?L?U): Founded in 1887, the Association of Public and Land-grant Universities is an association of public research universities, land-grant institutions, and many state public university systems. Its 219 members enroll more than 4.7 million students, award nearly one million degrees annually, and conduct nearly two-thirds of all academic research, totaling more than $34 billion annually. As the nation's oldest higher education association, A?P?L?U is dedicated to excellence in learning, discovery and engagement.
Breakthrough Institute: The Breakthrough Institute is a paradigm-shifting think tank committed to modernizing liberal thought for the 21st Century. Our core values are integrity, imagination and audacity. Our goal is to accelerate the transition to a future where all the world's inhabitants can enjoy secure, free, prosperous, and fulfilling lives on an ecologically vibrant planet.
Progressive Policy Institute (PPI): The Progressive Policy Institute is an independent, innovative and high-impact D.C.-based think tank founded in 1989. As the original "idea mill" for President Bill Clinton's New Democrats, PPI has a long legacy of promoting break-the-mold ideas aimed at economic growth, national security and modern, performance-based government. Today, PPI's unique mix of political realism and policy innovation continues to make it a leading source of pragmatic and creative ideas. PPI is a nonprofit, 501(c)(3) organization.
Richard Lounsbery Foundation: The Richard Lounsbery Foundation aims to enhance national strengths in science and technology through support of programs in the following areas: science and technology components of key US policy issues; elementary and secondary science and math education; historical studies and contemporary assessments of key trends in the physical and biomedical sciences; and start-up assistance for establishing the infrastructure of research projects.
The Science Coalition (TSC): The Science Coalition is a nonprofit, nonpartisan organization of the nation's leading public and private research universities. It is dedicated to sustaining strong federal funding of basic scientific research as a means to stimulate the economy, spur innovation, and drive America's global competitiveness.
Task Force on American Innovation: The Task Force is a coalition of businesses and business organizations, scientific societies, and higher education associations founded in 2004 to advocate for greater federal investments for basic research in the physical sciences and engineering. The group focuses on the National Science Foundation, the Department of Energy Office of Science, the Department of Defense research budget, the National Institute of Standards and Technology labs at the Department of Commerce, and NASA.
United for Medical Research: United for Medical Research is a coalition of leading research institutions, patient and health advocates, and private industry that have joined together to seek steady increases in funding for the National Institutes of Health.
Other organizations sponsoring the Golden Goose Award include:
Association of American Medical Colleges
American Chemical Society
American Mathematical Society
GOLDEN GOOSE SELECTION COMMITTEE MEMBERS:
Bruce Alberts, Professor, University of California, Editor-in-Chief, Science
Wendy Baldwin, President/CEO, Population Reference Bureau
Mel Bernstein, Ph.D., Senior Vice Provost for Research and Graduate Education, Northeastern University
Steven J. Fluharty, Ph.D., Senior Vice Provost for Research, University of Pennsylvania
Dennis G. Hall, Vice Provost for Research and Dean of the Graduate School, Vanderbilt University
Sharon L. Hays, Vice President, Office of Science & Engineering, CSC
Leslie Tolbert, Senior Vice President for Research, University of Arizona
###
Contacts:
Barry Toiv, Association of American Universities
2012 202-408-7500, barry_toiv@aau.edu
Katie Hill, Rep. Jim Cooper
202-374-1406, katie.m.hill@mail.house.gov
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
Eight scientists honored in first annual Golden Goose Awards Public release date: 13-Sep-2012 [ | E-mail | Share ]
Contact: Barry Toiv barry_toiv@aau.edu 202-408-7500 Association of American Universities
Recipients honored for their work on glowing jellyfish, radiation waves, and tropical coral
Eight scientists, including four Nobel Prize winners, will be honored today with the first annual Golden Goose Awards, celebrating researchers whose seemingly odd or obscure federally funded research turned out to have a significant impact on society.
The awardees will be honored at a ceremony on Capitol Hill, where they will receive their awards from a bipartisan group of Members of Congress. The scientists are:
- Charles Townes, a physicist whose work in the 1950s led to the invention of laser technology, which at the time had no known application, but without which much of modern technology would be impossible. His work earned him a Nobel Prize in 1964.
- Eugene White, Rodney White, Della Roy, and the late Jon Weber, whose study of tropical coral in the 1960s led serendipitously to the development of an ideal bone graft material that is used commonly in surgery today. (Dr. Roy cannot be present for the ceremony.)
- Martin Chalfie, Roger Tsien, and Osamu Shimomura, whose research, following Dr. Shimomura's work on how certain jellyfish glow in the dark, led to numerous medical research advances and to methods used widely by the pharmaceutical and biotechnology industries. They won the Nobel Prize for Chemistry in 2008. (Dr. Shimomura cannot be present for the ceremony.)
The purpose of the Golden Goose Award is to demonstrate the human and economic benefits of federally funded research by highlighting examples of seemingly obscure or unusual studies that have led to major breakthroughs and have had a significant impact on society. Such breakthroughs may include development of life-saving medicines and treatments; game-changing social and behavioral insights; and major technological advances related to national security, energy, the environment, communications, and public health.
The Golden Goose Award was originally the idea of Representative Jim Cooper (D-TN). It was created and jointly launched by a coalition of organizations, listed below, which believe that federally funded basic scientific research is the cornerstone of American innovation and essential to our economic growth, health, global competitiveness, and national security. The award recipients were selected by a panel of respected scientists and university research leaders, also listed below.
Reflecting on the award, Representative Cooper said, "We should honor, not mock, scientists. Like the fabled golden goose, today's awardees gave unexpected gifts to mankind. Budget cutbacks must be made, but science should be spared."
Rep. Cooper and other Democratic and Republican Members of Congress who support the Golden Goose Award are expected to speak and hand out the awards at today's ceremony.
Speaking on behalf of the sponsoring organizations, Dr. Alan Leshner, CEO of the American Association for the Advancement of Science, added, "The unexpected benefits of basic research have been huge, a point well-demonstrated by the work of the first Golden Goose awardees."
To read the individual stories of the winning researchers and to learn more about the Golden Goose Award, go to www.goldengooseaward.org.
FOUNDING ORGANIZATIONS:
American Association for the Advancement of Science (AAAS): The American Association for the Advancement of Science is an international nonprofit organization dedicated to advancing science around the world by serving as an educator, leader, spokesperson and professional association. In addition to organizing membership activities, AAAS publishes the Science family of journals as well as many scientific newsletters, books and reports, and spearheads programs that raise the bar of understanding for science worldwide.
Association of American Universities (AAU): The Association of American Universities is a nonprofit association of 59 leading U.S. public and private nonprofit research universities and two Canadian counterparts. Founded in 1900, AAU today AAU today focuses on issues that are important to research-intensive universities, such as funding for research, research policy issues, and graduate and undergraduate education. AAU member universities are on the leading edge of innovation, scholarship, and solutions that contribute to the nation's economy, security, and well-being.
Association of Public and Land-grant Universities (A?P?L?U): Founded in 1887, the Association of Public and Land-grant Universities is an association of public research universities, land-grant institutions, and many state public university systems. Its 219 members enroll more than 4.7 million students, award nearly one million degrees annually, and conduct nearly two-thirds of all academic research, totaling more than $34 billion annually. As the nation's oldest higher education association, A?P?L?U is dedicated to excellence in learning, discovery and engagement.
Breakthrough Institute: The Breakthrough Institute is a paradigm-shifting think tank committed to modernizing liberal thought for the 21st Century. Our core values are integrity, imagination and audacity. Our goal is to accelerate the transition to a future where all the world's inhabitants can enjoy secure, free, prosperous, and fulfilling lives on an ecologically vibrant planet.
Progressive Policy Institute (PPI): The Progressive Policy Institute is an independent, innovative and high-impact D.C.-based think tank founded in 1989. As the original "idea mill" for President Bill Clinton's New Democrats, PPI has a long legacy of promoting break-the-mold ideas aimed at economic growth, national security and modern, performance-based government. Today, PPI's unique mix of political realism and policy innovation continues to make it a leading source of pragmatic and creative ideas. PPI is a nonprofit, 501(c)(3) organization.
Richard Lounsbery Foundation: The Richard Lounsbery Foundation aims to enhance national strengths in science and technology through support of programs in the following areas: science and technology components of key US policy issues; elementary and secondary science and math education; historical studies and contemporary assessments of key trends in the physical and biomedical sciences; and start-up assistance for establishing the infrastructure of research projects.
The Science Coalition (TSC): The Science Coalition is a nonprofit, nonpartisan organization of the nation's leading public and private research universities. It is dedicated to sustaining strong federal funding of basic scientific research as a means to stimulate the economy, spur innovation, and drive America's global competitiveness.
Task Force on American Innovation: The Task Force is a coalition of businesses and business organizations, scientific societies, and higher education associations founded in 2004 to advocate for greater federal investments for basic research in the physical sciences and engineering. The group focuses on the National Science Foundation, the Department of Energy Office of Science, the Department of Defense research budget, the National Institute of Standards and Technology labs at the Department of Commerce, and NASA.
United for Medical Research: United for Medical Research is a coalition of leading research institutions, patient and health advocates, and private industry that have joined together to seek steady increases in funding for the National Institutes of Health.
Other organizations sponsoring the Golden Goose Award include:
Association of American Medical Colleges
American Chemical Society
American Mathematical Society
GOLDEN GOOSE SELECTION COMMITTEE MEMBERS:
Bruce Alberts, Professor, University of California, Editor-in-Chief, Science
Wendy Baldwin, President/CEO, Population Reference Bureau
Mel Bernstein, Ph.D., Senior Vice Provost for Research and Graduate Education, Northeastern University
Steven J. Fluharty, Ph.D., Senior Vice Provost for Research, University of Pennsylvania
Dennis G. Hall, Vice Provost for Research and Dean of the Graduate School, Vanderbilt University
Sharon L. Hays, Vice President, Office of Science & Engineering, CSC
Leslie Tolbert, Senior Vice President for Research, University of Arizona
###
Contacts:
Barry Toiv, Association of American Universities
2012 202-408-7500, barry_toiv@aau.edu
Katie Hill, Rep. Jim Cooper
202-374-1406, katie.m.hill@mail.house.gov
[ | E-mail | Share ]
?
AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
U.S. Sen. John McCain gestures during an interview with AP reporter Dan Perry (not shown) on the sidelines of a meeting on World Economy in Cernobbio, Italy, Saturday, Sept. 8, 2012. The 2008 Republican presidential candidate says he is "disappointed" with his party's presidential candidate for sidestepping the world affairs in his campaign for the White House ? but reserves his truest bile for the current dweller, whom he blamed for inaction in a Middle East that "cries out for American leadership." McCain blasts President Barack Obama for not aiding rebels in Syria, abandoning Iraq and Afghanistan, and delaying tough decisions on Iran's nuclear program. (AP Photo/Giuseppe Aresu)
U.S. Sen. John McCain gestures during an interview with AP reporter Dan Perry (not shown) on the sidelines of a meeting on World Economy in Cernobbio, Italy, Saturday, Sept. 8, 2012. The 2008 Republican presidential candidate says he is "disappointed" with his party's presidential candidate for sidestepping the world affairs in his campaign for the White House ? but reserves his truest bile for the current dweller, whom he blamed for inaction in a Middle East that "cries out for American leadership." McCain blasts President Barack Obama for not aiding rebels in Syria, abandoning Iraq and Afghanistan, and delaying tough decisions on Iran's nuclear program. (AP Photo/Giuseppe Aresu)
WASHINGTON (AP) ? Sen. John McCain is accusing President Barack Obama of pursuing "a feckless foreign policy" that has compromised American influence around the world.
The Arizona Republican, who lost to Obama in the 2008 presidential election, tells NBC's "Today" show that "I'd like to see the president of the United States speak up once for the 20,000 people that are being massacred in Syria."
McCain said Thursday the attack on the U.S. Consulate in Benghazi, Libya was fresh evidence of "a belief in the Middle East that the United States is withdrawing" from the world.
He also said the initial American embassy response to unrest in Libya was "a very weak statement." McCain wouldn't comment on whether Mitt Romney was wrong to criticize Obama so quickly in the wake of the attack.
Obama, in an interview Wednesday with the Spanish television network Telemundo, said "the United States doesn't have the option of withdrawing from the world."
September 12th, 2012 Posted in B2B sales lead generation
by: Jan Loyola
As a?business to business?company, you?d think that companies and their clients would be able to create a stronger connection to keep their business relationship strong, but that?s not always the case. A lot of companies still feel that their clients are all single-transaction customers, and seldom make any effort to improve their chances of a repeat sale other than to constantly send marketing newsletters through email (which are often largely ignored). Instead of treating your?b2b?clients the same way, go one step further and make them feel that your company is not only the best solution to their current problem, but the best solution to prevent any issues from crippling their business operations. You?d be surprised at how many?great lead generation campaigns you will have when you improve how you treat your clients.
When doing?b2b lead generation, your sales and marketing teams can get over confident because of the number of?qualified b2b sales leads?that they can generate, especially when they are using a tool such as a?highly effective b2b telemarketing campaign. They might end up thinking that they can always find new?b2b leads, so taking care of the existing clients is no longer needed. Although they should continue to?find new b2b leads, they must never disregard clients once the purchase has been made. Repeat customer can spend as much as 33% more than new clients, which puts them in a more valuable position. Additionally, repeat clients are often give better referrals.
To get your potential clients to keep doing business with you, you should show them that you can put in the extra effort needed to earn their business. Much like how Zappos offers a 365 day return policy, free shipping, and exceptional customer service, you must also be willing to do a little bit extra for your?business leads. When you do something extra special, make sure that this adds additional benefit for your?business leads?and clients, or it would not have the same effect. Know what more your?business leads?need, and if you can afford it, provide the additional product or service as an add-on. Don?t make it seem like you?re desperate, though, or you?ll just drive them away. Go only as far as is reasonable; even the slightest effort can impress your?business leads?and lead to a long-term business partnership. Going the extra mile will make your clients and?b2b sales leads?feel special, and anyone would want to do business with a company that gives him/her special attention.
The Republican focus, of course, was the official nomination of Mitt Romney for president. But Germany appears more interested in his choice of running mate.
By Rieke Havertz,?Contributor / August 31, 2012
Republican presidential nominee Mitt Romney and vice presidential nominee, Rep. Paul Ryan (l.) wave to delegates during the Republican National Convention in Tampa, Fla., on Thursday, Aug. 30.
J. Scott Applewhite/AP
Enlarge
After the last balloon fell at the Republican convention in Tampa, Fla., last night, German media delivered their verdict on the now-official Romney-Ryan ticket. Despite the fact that the convention focused on the crowning of Mitt Romney, it was really his sidekick, Paul Ryan, that grabbed German attention.
Click Here for your FREE 30 DAYS of The Christian Science Monitor Weekly Digital Edition
As Mr. Romney has been campaigning for years to get his shot at the White House, he is a well-known name in Germany. His big acceptance speech, however, still hit the news, given that he is the one challenging President Obama, who is still highly popular overseas.
The Munich based Sueddeutsche Zeitung gave Romney credit for a solid speech, but summed up its take with its headline: "Romney wants to take America back to the past." The weekly Die Zeit was less polite, wondering in its online election blog: "who the hell has written that speech for Romney?" It gave him only 5 out of 10 possible points for his performance.
But much of the comment was about Ryan. Germany is still trying to figure out who that 42-year-old politician with the college boy look is ? and what influence he would have in a potential Romney administration.
The daily Frankfurter Allgemeine Zeitung stated what many thought: that Paul Ryan is a far better speaker than Romney. Spiegel Online comments in its editorial that Ryan is "more dangerous than Sarah Palin" because his ideas would be a declaration of war on America's social welfare. The Hamburg-based online publication showed concern that Ryan could lead the Republican party more to the right for years to come, even if team Romney-Ryan fails at winning the White House.
'Ryan is the real king'
The business paper Handelsblatt made an even stronger statement, suggesting that once in the White House, the Romney/Ryan administration could become more of a "Ryan/Romney presidency." The Berlin daily Der Tagesspiegel drew a similar conclusion, saying that Ryan could become the next president in 2016 if Obama wins over Romney: "Ryan is the real king."
Concerns about Ryan's ideas aside, he is regarded as a smart politician and is given credit for at least having a plan for solving the economic crisis (even if it's not well received) ? which German commentators so far don't see in the Romney campaign.
Well it's been a stressful few days here in the Linux blogosphere, what with the ruckus going on over in the bordering Apple territories. For such a small strip of land, you'd never think such a din could emanate from there, and all over a rectangle with rounded corners -- however "creative" and "innovative" it might be.
NASA gives infrared identification of new Eastern Pacific Tropical DepressionPublic release date: 12-Sep-2012 [ | E-mail | Share ]
Contact: Rob Gutro robert.j.gutro@nasa.gov 443-858-1779 NASA/Goddard Space Flight Center
One of NASA's infrared "eyes" is an instrument that flies aboard the Aqua satellite, and it provided data that helped forecasters determine that low pressure "System 90E" strengthened into the eastern Pacific Ocean's eleventh tropical depression.
The Atmospheric Infrared Sounder (AIRS) instrument onboard Aqua captured an infrared image of System 90E on Sept. 11 at 1947 UTC (3:47 p.m. EDT). That infrared image took the temperatures of the cloud tops and found some strong, high thunderstorms wrapped around the western side of the low pressure area's circulation, from north to south. That area of thunderstorms had cloud top temperatures that exceeded the AIRS data -63 Fahrenheit/-52 Celsius threshold, indicating strong thunderstorms with heavy rainfall and a sign that the low was organizing. Less than 24 hours later, System 90E would be re-named Tropical Depression 11E, when the National Hurricane Center noted "It developed enough organized convection to be classified as a tropical depression."
On Sept. 12 at 11 a.m. EDT Tropical Depression 11E had maximum sustained winds near 35 mph (55 kmh) and the National Hurricane Center noted that the depression could become a tropical storm tonight (Sept. 12) or Thursday, Sept. 13. Tropical Depression 11E was located near latitude 16.7 north and longitude 106.0 west, about 195 miles (315 km) southwest of Manzanillo, Mexico. The depression is moving toward the west-northwest near 10 mph (17 kmh) and the National Hurricane Center expected it to continue in that direction over the next two days, moving away from the coast.
The Eastern Pacific Ocean is lagging behind the Atlantic Ocean in the development of tropical depressions this year. The fourteenth tropical depression in the Atlantic just strengthened into Tropical Storm Nadine.
###
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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
NASA gives infrared identification of new Eastern Pacific Tropical DepressionPublic release date: 12-Sep-2012 [ | E-mail | Share ]
Contact: Rob Gutro robert.j.gutro@nasa.gov 443-858-1779 NASA/Goddard Space Flight Center
One of NASA's infrared "eyes" is an instrument that flies aboard the Aqua satellite, and it provided data that helped forecasters determine that low pressure "System 90E" strengthened into the eastern Pacific Ocean's eleventh tropical depression.
The Atmospheric Infrared Sounder (AIRS) instrument onboard Aqua captured an infrared image of System 90E on Sept. 11 at 1947 UTC (3:47 p.m. EDT). That infrared image took the temperatures of the cloud tops and found some strong, high thunderstorms wrapped around the western side of the low pressure area's circulation, from north to south. That area of thunderstorms had cloud top temperatures that exceeded the AIRS data -63 Fahrenheit/-52 Celsius threshold, indicating strong thunderstorms with heavy rainfall and a sign that the low was organizing. Less than 24 hours later, System 90E would be re-named Tropical Depression 11E, when the National Hurricane Center noted "It developed enough organized convection to be classified as a tropical depression."
On Sept. 12 at 11 a.m. EDT Tropical Depression 11E had maximum sustained winds near 35 mph (55 kmh) and the National Hurricane Center noted that the depression could become a tropical storm tonight (Sept. 12) or Thursday, Sept. 13. Tropical Depression 11E was located near latitude 16.7 north and longitude 106.0 west, about 195 miles (315 km) southwest of Manzanillo, Mexico. The depression is moving toward the west-northwest near 10 mph (17 kmh) and the National Hurricane Center expected it to continue in that direction over the next two days, moving away from the coast.
The Eastern Pacific Ocean is lagging behind the Atlantic Ocean in the development of tropical depressions this year. The fourteenth tropical depression in the Atlantic just strengthened into Tropical Storm Nadine.
###
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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.
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