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Mick Jagger talks White House gig; John Peel collection goes digital; Limp Bizkit signs with Cash Money

Mick Jagger was not nervous before singing for the President. (The Associated Press)- Yesterday our own Chris Richards talked to Mick Jagger about his Tuesday night performance at the White House. He said he wasn’t nervous at all — “...every gig is a gig, right?” When asked about what current music he’s enjoying, Jagger mentioned the Black Keys’ latest, “El Camino.” When asked if he heard the Stones’ legacy in today’s music he replied: “Yeah! I think there’s some of the Stones’ legacy in that album. Maybe that’s why I like it.” Classic. Read the entire interview.

- The record library of late, legendary DJ John Peel is in the process of being converted into an interactive online museum. Sounds amazing.

- Limp Bizkit signs to Cash Money records? Can’t say we saw that one coming.

- You won’t have to travel to London to see D.C.’s. reunited kings of Gospel Yeh-Yeh, the Make-Up. But you will have to go to New Jersey. The band is playing as part of September’s I’ll Be Your Mirror USA 2012 festival, also featuring Afghan Whigs, the Roots, Hot Snakes, Dirtbombs and Louis C.K. We’re still hoping for that D.C. show Make-Up frontman Ian Svenonius hinted at when we talked to him last week.

- From today’s paper — a profile of Rana Santacruz , a Mexican singer-songwriter who brings to mind the likes of Tom Waits and and Calexico. He performs at Artisphere on Saturday. Plus, live review of Estelle at the Birchmere and Islands at the Black Cat.

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Mick Jagger talks White House gig; John Peel collection goes digital; Limp Bizkit signs with Cash Money

Gates urges digital revolution on hunger

MICROSOFT founder Bill Gates has called for a "digital revolution" to alleviate world hunger by increasing agricultural productivity through satellites and genetically-engineered seed varieties.

"We have to think hard about how to start taking advantage of the digital revolution that is driving innovation including in farming," the US billionaire philanthropist said in a speech at the UN rural poverty agency IFAD in Rome overnight.

"If you care about the poorest, you care about agriculture. We believe that it's possible for small farmers to double and in some cases even triple their yields in the next 20 years while preserving the land," Mr Gates said.

He gave as one example of innovation the genetic sequencing that allows cassava farmers in Africa to predict how individual seedlings will perform, shortening the time it takes to develop a new variety from 10 years to two.

Another key development is the use of satellite technology developed by defence departments to document data about individual fields, as well as information videos of farmers discussing best practices to help others.

"If we don't do this, we'll have a digital divide in agriculture," he said.

Mr Gates also defended the use of genetically modified organisms (GMOs) in the developing world and large-scale farm land investments by foreign states in the developing world - both highly controversial issues in the aid community.

"You should go out and talk to people growing rice and say do they mind that it was created in a laboratory when their child has enough to eat?" he said at a small media roundtable after his speech.

"The change in the way mankind lives over the last several hundred years is based on adoption of innovative practices and we simply haven't done enough for those in the greatest need to bring these things," he said.

On the issue of land investments that are referred to by their critics as "land grabbing", he said: "It's not actually possible to grab the land. People don't put it on boats and take it back to the Middle East."

"If we could have clear guidelines there could be more land deals and overall it could be very beneficial ... The truth is the person who is most at risk on a land deal is the person who is putting the money in."

Mr Gates also unveiled $US200 million ($188 million) in new grants from his foundation to finance research on a new type of drought-resistant maize, a vaccine to help livestock and a project for training farmers.

"Investments in agriculture are the best weapons against hunger and poverty," he said, adding that his charitable foundation had committed $2.0 billion for farmers and was working on seven crops and one livestock vaccine.

Mr Gates called for a new system of "public scorecards" for developing countries and UN food agencies that would measure things like agricultural productivity, the ability to feed families and farmer education systems.

"It's something that can be pulled together over the next year," he said.

"When I meet with an African leader, I'd love to have that report card. I have a report card for health .... Without the scorecards, the donors tend to fund fad-oriented, short-term things," he said.

The technology pioneer also criticised the work of the UN food agencies in Rome: the Food and Agriculture Organisation (FAO), the World Food Program (WFP) and the International Fund for Agriculture and Development (IFAD).

He said the current food and farming aid system was "outdated and somewhat inefficient" with a lot of "duplication".

For these organisations to go digital will take "a lot of time", he said.

Asked about the need for wider reforms of capitalism to help the poor, he said: "How do you get rid of its excesses, including the finance people who are paid these huge salaries, without hurting the beneficial things?"

He said: "I wish those Wall Street traders would have gone ... and worked on maize and used their mathematical models to look at phenotype versus genotype.

"It's clearly imperfect but it's the best system we have."

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Gates urges digital revolution on hunger

Digital Alchemy Intelligent Software Ltd.: Insurance for Investors Demanding the Return OF Their Money vs. A Return ON …

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2012) - Digital Alchemy (DA), a secretive new developer of machine learning based risk management solutions, is pleased to announce that the Company is offering BC Investors up to $5,000,000 in RRSP and TFSA eligible shares triggering an immediate 30% refundable tax credit until February 29, 2012.

CEO J. Bradley Hall commented, "Today 70-80% of all trading is algorithmic or executed by machines. That article you just read in Fortune or the Wall Street Journal may also have been written by a learning machine. This is not hyperbole. Hedge funds put their computers into exchange data centers, just to improve trade execution times by 1/100th of a second. A chimpanzee with a blindfold has a better chance of scoring a million dollar goal from center ice than you do of beating these guys. So how do you protect your assets?"

Mr. Hall added, "We at DA may be able to help. We are raising $5,000,000 in funding to optimize a machine learning risk management platform developed over the last decade by a leading expert on AI and his team of PhD's. The solution has been quietly deployed as an alpha engine and it works. We are extending the functionality, so that large asset mangers, managed accounts and family offices will have their own secret weapon for defending against the pervasive algorithmic trading phenomenon."

In Closing Mr. Hall observed, "DA has a leadership team with proven global experience, a massive underserved marketplace and a disruptive game changing solution that should be generating revenue in just months. Those characteristics should have most investors salivating. If you add in the 30% refundable tax credits for BC investors and the fact that most investors will never have an opportunity to participate in pre-IPO companies like Zynga, Facebook or many of the other emerging Bay area companies, DA may represent a unique and compelling local opportunity to participate in the launch of what should be a successful and highly profitable venture."

The information contained in this press release does not constitute an offer to sell securities, or the solicitation of an offer to buy or recommendation for investment in any securities. The information is not intended as financial advice.

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Digital Alchemy Intelligent Software Ltd.: Insurance for Investors Demanding the Return OF Their Money vs. A Return ON ...

Morning take: Miami Dolphins flip a coin

February, 24, 2012

Feb 24

7:00

AM ET

Here are the most interesting stories Friday morning in the AFC East: The Miami Dolphins hope to get lucky Friday with a coin flip at the NFL combine against the Carolina Panthers. Morning take: Miami will get either the No. 8 or No. 9 pick. It doesn't sound like much, but every bit helps in the offseason.
The Buffalo Bills are set to meet with pending free-agent receiver Steve Johnson Friday. Morning take: This is crunch time for Johnson and the Bills. Both sides have been negotiating on and off since the regular season. If progress isn't made at the combine, Johnson's chances of remaining a Bill look dim.
The New England Patriots won't tip their hand on another pending free-agent receiver: Wes Welker. Morning take: The Patriots aren't going to let Welker walk. So expect New England to hand him the franchise tag soon. We will have more on Welker later in the AFC East blog (hint, hint).
Morning take: It will be hard for Ryan to change his boastful ways, but I think he learned a valuable lesson this past season. There are ways to be confident without being brash. Tags:

Miami Dolphins, New England Patriots, New York Jets, NFL, AFC East, New England Patriots, AFC East, Rex Ryan, Wes Welker, Miami Dolphins, New York Jets, Steve Johnson, Buffalo Bills

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Morning take: Miami Dolphins flip a coin

A.M. Best Affirms Ratings of National Grid Insurance Company (Isle of Man) Limited

LONDON--(BUSINESS WIRE)--

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of National Grid Insurance Company (Isle of Man) Limited (NGIC). The outlook for both ratings is stable.

The ratings of NGIC reflect its strong risk-adjusted capitalisation and comprehensive reinsurance programme. Also, the ratings outcome incorporates a strong integration within the parent’s, National Grid Plc (NG Plc), risk management structure. An offsetting rating factor for NGIC is its historic volatile underwriting performance.

A.M. Best expects NGIC’s business mix to remain largely unchanged. It is expected that the volume of premiums written will increase again in 2012/2013 in line with inflation.

A.M. Best anticipates that NGIC’s risk-adjusted capitalisation is likely to remain very strong over the next two years. NGIC is likely to continue to release a significant proportion of its reserves for outstanding claims in the next two years as claims are closed or conservative reserves are reduced and hence will reduce risk-adjusted requirements. A.M. Best considers NGIC’s reinsurance programme as comprehensive and adequate.

A.M. Best believes that there is a certain degree of volatility within the company’s portfolio due to the nature of the risks insured by NGIC. However, a recent increase in premium rates is expected to alleviate the impact of high frequency claims on the company’s performance. For the year ending March 2012 and going forward, NGIC is expected to produce good underwriting results.

Upward rating movements are unlikely in the next two years.

Negative rating actions could occur if there were a significant deterioration in NGIC’s risk-adjusted capitalisation linked to no evidence of support from NG Plc to boost capitalisation. In addition, a significant deterioration in NG Plc’s financial position would likely lead to a review of NGIC’s ratings.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilised include: “Alternative Risk Transfer (ART)”; “Understanding Universal BCAR”; “Rating Members of Insurance Groups”; and “Risk Management and the Rating Process for Insurance Companies”. Best’s Credit Rating Methodology can be found at http://www.ambest.com/ratings/methodology.

In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures: A.M. Best Europe - Rating Services Limited Supplementary Disclosure.

A.M. Best Europe – Rating Services Limited is a subsidiary of A.M. Best Company. Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit http://www.ambest.com.

Copyright © 2012 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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A.M. Best Affirms Ratings of National Grid Insurance Company (Isle of Man) Limited