Tuesday, June 18, 2013

Rett Syndrome protein surrenders some of its secrets

June 17, 2013 ? Discovery of a mutant gene responsible for a disease is a milestone, but for most conditions, it may be only a first step towards a treatment or cure. Understanding Rett Syndrome, an autism spectrum disorder, is further complicated by the fact that the implicated gene controls a suite of other genes. Two papers, published in today's Nature Neuroscience and Nature, reveal key steps in how mutations in the gene for methyl CpG-binding protein (MECP2) cause the condition. The Rett Syndrome Research Trust (RSRT) funded this work with generous support from partners Rett Syndrome Research Trust UK and Rett Syndrome Research & Treatment Foundation.

Rett Syndrome is a single-gene neurological disorder that affects girls. Development slows during the first year of life, then regresses, as toddlers lose speech, mobility, and hand use. Many girls have seizures, orthopedic and severe digestive problems, as well as breathing and other autonomic impairments. Most live into adulthood and require total, round-the-clock care. Rett Syndrome affects about 1 in 10,000 girls born each year.

The papers result from a collaboration between the labs of Adrian Bird, Ph.D., Buchanan Professor of Genetics at the Wellcome Trust Centre for Cell Biology at the University of Edinburgh, and Michael Greenberg, Ph.D., Department Chair and Nathan Marsh Pusey Professor of Neurobiology at Harvard Medical School.

The Bird and Greenberg labs have been working together since 2011 as members of the MECP2 Consortium along with Gail Mandel, a Howard Hughes Investigator at Oregon Health and Sciences University. The Consortium, launched by RSRT with a $1 million lead gift by RSRT Trustee Tony Schoener and his wife Kathy, fosters novel alliances among leading scientists to interrogate the molecules at the root of the syndrome.

Professor Bird discovered the MeCP2 protein in 1992. In 2007, he showed that affected brain cells in a mouse model of Rett Syndrome can regain function, even in late stages of the disease, suggesting that the disorder is curable. Despite this unexpected breakthrough the function of the Rett protein remains elusive.

In search of the function, the Bird lab set out to identify the key domains of the protein. Mutations found in individuals suffering from Rett led them to their answer. By focusing only on "missense" mutations, which alter a single amino acid, the researchers were able to hone in on two key domains where the mutations aggregated. The first was the well-known methyl binding domain (MBD) which is the site where MeCP2 binds to methylated DNA, thereby modulating the expression of downstream genes. The second key domain is where MeCP2 binds to a molecule called NCoR/SMRT, a large multi-protein machine that shuts down genes. The Bird lab coined this domain the NCoR/SMRT Interaction Domain (NID).

"Further proof of the importance of the MBD and the NID came from mining the genomes of 6503 healthy people. The result was the exact mirror image of the situation seen in Rett. All along the MECP2 gene normal people have non-disease causing alterations, known as polymorphisms. However, no alterations of any kind could be found in the MBD and the NID, indicating that these domains are prized real estate that cannot be tampered with," said Matthew Lyst, postdoctoral researcher and lead author on the Nature Neuroscience paper.

The most frequent Rett mutation in the NID is at amino acid # 306. When the researchers recapitulated the mutation in mice, the animals suffered symptoms similar to girls with Rett. At fault: loss of the interaction between the MeCP2 and NCoR/SMRT proteins and further evidence of the importance of the NID.

"We knew that MeCP2 binds to the genome at methylated sites, but nothing more than that. We now know that its function depends on the ability to bring NCoR/SMRT co-repressors to the DNA," Prof. Bird summed up.

The Nature paper continues the story through another amino acid location, 308, which is very near the 306 mutation in the human version of the gene. Sensory input leads to the addition of a phosphate group at the 308 site and this alters the ability of the MeCP2 protein to interact with the NCoR/SMRT co-repressor, thereby affecting the expression of downstream proteins. The Greenberg lab created mice with a mutation at 308 that are unable to attach a phosphate group. As a result, genes that MeCP2 normally controls are mis-regulated.

"The MeCP2 308 mice have reduced brain weight, motor system abnormalities, and lower seizure thresholds that correspond to the deceleration of head growth, motor system impairments and seizure disorders found in Rett. This suggests that the modification of 308 is critical for the normal function of MeCP2 and its disruption might contribute to Rett," said Daniel Ebert, postdoctoral researcher and lead author on the Nature paper.

Whether the phosphates are added to MeCP2 depends on activity of the neuron. The Greenberg lab has found that in early life, sensory input leads to modification of MeCP2 at multiple sites, including 308. These changes appear to be critical for proper brain development, and their absence in Rett Syndrome may begin to explain what goes wrong in the brains of girls with this devastating disorder.

Each step deciphered in the genetic choreography behind Rett Syndrome is a step towards treatment. "To design an effective small molecule therapy, one needs to understand the underlying mechanisms of how MeCP2 functions and how mutations in MeCP2 lead to disease. Both papers published today make significant progress by providing compelling evidence for dysregulation of the MeCP2-NCoR interaction underlying key aspects of Rett Syndrome," said Prof. Greenberg.

What still isn't known is which genes the co-repressors target. And that will be the next leap in traveling the road from a mutant gene to a little girl who wrings her hands, has seizures and can't talk or walk. Discovering the other molecular events might reveal intersecting or redundant genetic pathways that drug developers can tweak in the search for treatments.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/ohn4IuWHhU8/130617122506.htm

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Monday, June 17, 2013

Making a case for transparent corporate accounting information

Making a case for transparent corporate accounting information [ Back to EurekAlert! ] Public release date: 17-Jun-2013
[ | E-mail | Share Share ]

Contact: Pamela Tom
ptom@haas.berkeley.edu
510-642-2734
University of California - Berkeley Haas School of Business

Prof. Yaniv Konchitchki finds accounting earnings transparency increases shareholders' value

UNIVERSITY OF CALIFORNIA, BERKELEY'S HAAS SCHOOL OF BUSINESS - A new study by accounting professor Yaniv Konchitchki finds greater transparency in firms' earnings has a positive effect on the bottom line.

"Cost of Capital and Earnings Transparency," (published in the Journal of Accounting and Economics, April-May 2013) establishes that the transparency of a firm's accounting earnings is a telling indicator of the company's cost of capital and thus its valuation, according to Konchitchki. The paper is co-authored with Mary E. Barth, Stanford Graduate School of Business, and Wayne R. Landsman, University of North Carolina at Chapel Hill's Kenan-Flagler Business School.

Cost of capital is defined as the rate of return that capital could be expected to earn in an alternative investment of equivalent risk. It is used to evaluate new projects within a company to give investors information and assurance of a minimum return for providing capital.

The paper, says Konchitchki, has the potential to change how capital market participants consider the quality of accounting data from corporate financial statements because the findings illuminate the importance of transparency for stock valuation. "Our findings are especially notable today, when these market participants are concerned with accounting financial statements becoming less transparent and thus less useful," says Konchitchki. "In fact, many blame corporations' lack of accounting transparency for the recent financial crisis in the U.S. and the recession that followed."

A firm's valuation is often determined by discounting future cash flows by the firm's cost of capital, Konchitchki explains. The study finds that the cost of capital is negatively related to transparency. Intuitively, when there is less earnings transparency, the risk to investors is higher, resulting in higher cost of capital. Likewise, if there is more earnings transparency, one has access to more information about a company's value by observing its earnings, resulting in lower risk and, in turn, lower cost of capital. Ultimately, lower cost of capital equates to higher firm value.

Konchitchki says the study's conclusion becomes clearer by observing the calculations: the cost of capital is the important denominator when calculating a company's value. If future cash flows provided by the investment are divided by the cost of capital, the result equals the value of the investment, i.e., the firm value.

Konchitchki, assistant professor, Haas Accounting Group, specializes in capital markets research and financial statements analysis. He particularly examines the usefulness of accounting information through its links to macroeconomics (e.g., inflation; GDP) and valuation (e.g., cost of capital; asset pricing).

The researchers studied a sample of publicly traded U.S. companies over a 27-year period. They tested their hypothesis that transparency affects a firm's value by modeling how the cost of capital changes dependent on the lack or abundance of information. They considered "transparency" on a range from zero percent to 100 percent whereas categories of information may include sales, growth, management quality, global offices, cost of goods sold, etc. For example, 100 percent earnings transparency means that accounting earnings offer the ability to fully explain changes in a firm's value. Lower percentages of transparency means more information than earnings is needed to explain changes in a firm's value.

Konchitchki refers to the economic mechanism that drives the link between transparency and cost of capital as the "information asymmetry" effect.

"When the amount of available information is not symmetrical, some investors will have more information, others will have less. This drives the significant negative relation between earnings transparency and the cost of capital, and thus our paper also provides the economic intuition that links between transparency and valuation," says Konchitchki.

###

See full paper at: http://haas.berkeley.edu/faculty/papers/konchitchki_transparency.pdf


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Making a case for transparent corporate accounting information [ Back to EurekAlert! ] Public release date: 17-Jun-2013
[ | E-mail | Share Share ]

Contact: Pamela Tom
ptom@haas.berkeley.edu
510-642-2734
University of California - Berkeley Haas School of Business

Prof. Yaniv Konchitchki finds accounting earnings transparency increases shareholders' value

UNIVERSITY OF CALIFORNIA, BERKELEY'S HAAS SCHOOL OF BUSINESS - A new study by accounting professor Yaniv Konchitchki finds greater transparency in firms' earnings has a positive effect on the bottom line.

"Cost of Capital and Earnings Transparency," (published in the Journal of Accounting and Economics, April-May 2013) establishes that the transparency of a firm's accounting earnings is a telling indicator of the company's cost of capital and thus its valuation, according to Konchitchki. The paper is co-authored with Mary E. Barth, Stanford Graduate School of Business, and Wayne R. Landsman, University of North Carolina at Chapel Hill's Kenan-Flagler Business School.

Cost of capital is defined as the rate of return that capital could be expected to earn in an alternative investment of equivalent risk. It is used to evaluate new projects within a company to give investors information and assurance of a minimum return for providing capital.

The paper, says Konchitchki, has the potential to change how capital market participants consider the quality of accounting data from corporate financial statements because the findings illuminate the importance of transparency for stock valuation. "Our findings are especially notable today, when these market participants are concerned with accounting financial statements becoming less transparent and thus less useful," says Konchitchki. "In fact, many blame corporations' lack of accounting transparency for the recent financial crisis in the U.S. and the recession that followed."

A firm's valuation is often determined by discounting future cash flows by the firm's cost of capital, Konchitchki explains. The study finds that the cost of capital is negatively related to transparency. Intuitively, when there is less earnings transparency, the risk to investors is higher, resulting in higher cost of capital. Likewise, if there is more earnings transparency, one has access to more information about a company's value by observing its earnings, resulting in lower risk and, in turn, lower cost of capital. Ultimately, lower cost of capital equates to higher firm value.

Konchitchki says the study's conclusion becomes clearer by observing the calculations: the cost of capital is the important denominator when calculating a company's value. If future cash flows provided by the investment are divided by the cost of capital, the result equals the value of the investment, i.e., the firm value.

Konchitchki, assistant professor, Haas Accounting Group, specializes in capital markets research and financial statements analysis. He particularly examines the usefulness of accounting information through its links to macroeconomics (e.g., inflation; GDP) and valuation (e.g., cost of capital; asset pricing).

The researchers studied a sample of publicly traded U.S. companies over a 27-year period. They tested their hypothesis that transparency affects a firm's value by modeling how the cost of capital changes dependent on the lack or abundance of information. They considered "transparency" on a range from zero percent to 100 percent whereas categories of information may include sales, growth, management quality, global offices, cost of goods sold, etc. For example, 100 percent earnings transparency means that accounting earnings offer the ability to fully explain changes in a firm's value. Lower percentages of transparency means more information than earnings is needed to explain changes in a firm's value.

Konchitchki refers to the economic mechanism that drives the link between transparency and cost of capital as the "information asymmetry" effect.

"When the amount of available information is not symmetrical, some investors will have more information, others will have less. This drives the significant negative relation between earnings transparency and the cost of capital, and thus our paper also provides the economic intuition that links between transparency and valuation," says Konchitchki.

###

See full paper at: http://haas.berkeley.edu/faculty/papers/konchitchki_transparency.pdf


[ Back to EurekAlert! ] [ | E-mail | Share 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.


Source: http://www.eurekalert.org/pub_releases/2013-06/uoc--mac061413.php

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NSA Paper: Fewer Than 300 Phone Numbers Examined in Detail (Little green footballs)

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Draco One Aluminum HTC One Bumper review

I recently converted from an iPhone 4S to the HTC One, and with any new phone comes the joy of looking for a new case.? Julie offered the Draco One Aluminum Bumper?by Draco Design to review so I asked to give it a try. Just a note: This is my first time using an aluminum [...]

Source: http://the-gadgeteer.com/2013/06/16/draco-one-aluminum-htc-one-bumper-review/

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Sunday, June 16, 2013

Dutch couple kidnapped in Yemen's capital

SANAA, Yemen (AP) ? Yemeni security officials say a Dutch couple is believed to have been kidnapped from the capital, Sanaa.

The officials say police received a phone call that prompted them check on the couple in their apartment. They broke down the door after no one answered and found only the couple's pet dog.

They say the two have been missing for three days and are believed to be kidnapped.

The officials spoke anonymously in line with regulations.

Late last month, two South African nationals were abducted in Yemen's second largest city of Taiz.

Yemen's president has warned that the al-Qaida branch in the country is expanding and using assassinations and abductions of foreigners as a way to challenge the central government's authority.

Source: http://news.yahoo.com/dutch-couple-kidnapped-yemens-capital-190304786.html

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Saturday, June 15, 2013

Far from Iran election, former guerrillas lobby Washington

By Susan Cornwell

WASHINGTON (Reuters) - For decades, an Iranian dissident group has seemed to be on the wrong side of history. Suppressed by both the Shah of Iran and then the ayatollahs who deposed him in 1979, its supporters have faced prison, death and exile, and were shunned in the United States as members of a cult-like terrorist organization.

The Mujahadin-e-Khalq (MEK) former guerrilla movement began to shake off its painful past last year when the State Department took it off the official U.S. list of terrorist organizations. The European Union made a similar decision in 2009 after a prolonged court battle.

But as Iran elects a new president on Friday, the MEK has no discernible role in politics at home, where it is mistrusted - even by government critics - for having been allied with Iraq's Saddam Hussein during the 1980s Iran-Iraq war.

Yet Iran's clerical rulers remain obsessed with a perceived threat from the group, frequently warning Western governments against any giving the MEK shelter or support, diplomats say.

Unable to operate openly in Iran, the MEK is instead waging some of its battles in Washington. It opened an attractive new office in April just a five-minute walk from the White House.

Long active as an advocacy group in the United States and Europe, the MEK is now formalizing its campaign to pressure the Obama administration to maintain a hard line - including in multilateral nuclear talks - with the Islamic Republic, which it hopes will one day crumble.

Now that it is no longer on the U.S. blacklist, the MEK can hire registered lobbyists and raise funds on its own, rather than rely on wealthy Iranian-American sympathizers.

Democratic former Senator Robert Torricelli signed up as a lobbyist earlier this year for the National Council of Resistance of Iran, the Paris-based political arm of the MEK.

"They (the MEK) deserve to have a voice in Washington, to be heard, and to (show) what the Iranian people are actually looking for in the future of Iran: a non-nuclear Iran, a government that is based on democratic values," said Soona Samsami, the U.S. representative of the NCRI.

Once one of Capitol Hill's biggest fund raisers, Torricelli pulled out of the race for a second Senate term in 2002 amid an ethics scandal.

His lobby registration form says he will be "meeting with U.S. government and congressional officials, and advising on general strategy."

Other notable backers of the MEK include former Pennsylvania governor Ed Rendell and ex-CIA director James Woolsey.

A TOUGH SELL

Even though it has renounced violence, the MEK is a tough sell in the United States, which for many years has blamed it for the killing of six Americans in Iran in the 1970s.

A 2009 study by the RAND Corporation think tank depicted the MEK as a cult-like movement run with military-style discipline, gender separation and "near-religious devotion" to its Paris-based leaders - a description the MEK denies.

"I can't believe the U.S. government is going to be particularly excited about working with them ... because in the U.S. government, I would hope there would be people who would understand that this is not where the political future of Iran lies," said Patrick Clawson, director of research at the Washington Institute for Near East Policy.

Some U.S. policymakers are mistrustful of Middle East exile groups following Washington's reliance on Iraqi expatriates who pushed America toward war in Iraq in 2003.

Calls from MEK representatives for "regime change" in Iran remind some of Ahmad Chalabi and his Iraqi National Congress, which helped convince the administration of former President George W. Bush that Saddam had weapons of mass destruction.

"They'll deny it, but I think it's pretty simple: their goal is to keep pushing the politics in America to lead to an invasion, some kind of major unsettlement of Iran, that they can sweep into as a new government," said Jeremiah Goulka, author of the RAND study.

Some in the U.S. government also share that suspicion - but the MEK resents comparisons to Iraqi exiles of 10 years ago.

"We've never been in favor of a war. We've never tried to push things towards that direction," said Alireza Jafarzadeh, the deputy U.S. representative of the NCRI. The MEK is "not the U.S. creature that Chalabi was," he said.

Attempts to make over the MEK's image have been boosted by a report from a former senior State Department official who questions whether the group really committed the killings of six Americans in Iran in the 1970s that are often blamed on it.

The killings, during a guerrilla campaign against the U.S.-backed Shah, were actually the work of a faction that later broke away from MEK, said Lincoln Bloomfield, whose report has just been published as a book by the University of Baltimore.

"Not a single person you could name in the MEK had any knowledge of it or had anything to do with it," he said.

The study grew out of a 2011 memo Bloomfield wrote as a consultant for a law firm that lobbied to remove MEK from the terrorism list on behalf of the Iranian-American Community of Northern California. The author said he had no financial interest in the book, and proceeds are going to the university.

The MEK still has some 3,000 members in Iraq, many of whom were invited by Saddam in the 1980s. The group fell out of favor after his 2003 downfall and current Iraqi officials have applied pressure for them to leave.

After clashes with Iraqi security forces in 2011 in which 34 people were killed, the residents were moved last year as part of a plan in which the United Nations intends to process them for refugee status in other countries.

But progress has been slow, and their temporary home at a former U.S. military compound in Baghdad known as Camp Liberty came under fire in February when eight people were killed in a rocket attack by unknown assailants.

U.S. officials have tentatively identified a handful of Camp Liberty residents who may be allowed to move to the United States. But they would be expected to renounce their membership in MEK, the officials told Reuters.

Forty-four residents of the camp have left over the last month for Albania, which has offered to take up to 210 of them.

(Editing by Alistair Bell and Jackie Frank)

Source: http://news.yahoo.com/far-iran-election-former-guerrillas-lobby-washington-151625945.html

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Flamingo-like pterosaur used gravel for digestion

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