Video: Duchess Kate?s parents profiting from royal pregnancy?

>>> now, to london and criticism that kate middleton 's parents may be trying to profit from her pregnancy. annabel roberts is in london . good morning.

>> reporter: good morning, erica. well, the middletons have been running the family business for 30 years but some say following their daughter's marriage and pregnancy some of their merchandise is, well, awkward.

>> they make a lovely couple. they are great fun to be with and we've had a lot of laughs tog.

>> reporter: carol and mike middleton have watched proudly as their daughter grew up, found her prince and married him. throughout these years, they have run a mail order business selling party paraphernalia. it has made them a fortune. a line of baby shower products is raising eyebrows. a new little prince and princess is written across them. some are asking if this is appropriate given the nation's future, little baby prince or prince ses is also their grandchild.

>> some think this is a little bolder. people are thinking, hang on, she is going to be the future queen one day. it doesn't feel right that her mom and dad 's companies are doing these ranges on prince and princesses. for them, that is what they do. prince william knew that is what they do when he started dating their daughter.

>> reporter: when the queen marked her diamond jubilee , the nation celebrated with her. street parties were held across the country. the middletons took advantage of that occasion to sell juply themed party cakes. pippa middleton has dived into the parties with a book of how to celebrate. sales have been disappointing. she joked her next publication should be a different kind of celebrations called bottoms up.

>> she is one of the most famous women in the world for being the bridesmaid with the bottoms. unless she marries will, there is not that many hopes in terms of career prospects. kate's family business built the fortune that helped her come this far but it could become an embarrassment for her and her in-laws.

>> reporter: further details of kate's pregnancy are eagerly awaited here in london . she has recovered from that early bout of morning sickness and should be well enough to celebrate her 31st birth day on wednesday. but, i understand, brother-in-law, prince marry will not be back from afghanistan in time to join the party.

>> anabel roberts in london , thanks.

Source: http://video.today.msnbc.msn.com/today/50378145/

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Memory Lane? It's Been 40 Years Since I Walked There

I had to go to San Jose this week. The last time I was there was 1972.

I'll be 70 this year. I needed to get some documents from the county recorder for my social security application. I've been putting this off for several years but now I can't put it off any longer. I rationalized my inaction by telling myself that my benefit will increase by 8% for every year I don't take it. BUT, that is only true up to age 70. It freezes at? that level (subject to COLA increases? only). So now is the time to get it started.

So we drove to San Jose. Five Hundred Miles away from home.

San Jose was a sleepy little town when I lived there. Silicon Valley didn't exist then. It came a few years later.

We stayed at the Hilton?near Great America. That didn't exist then either. As a matter of fact it was just a salt marsh back then. Land nobody wanted. If I only knew then what I know now. A fortune could have been made.

I visited my alma mater, San Jose State. It's not the same either. There is a brand new Business School building. Very imposing. The old business classrooms have been turned over to the Engineering Department. Interesting values.

I spent a year at the University of Santa Clara law school. So we visited there also. Wow! The campus is beautiful. Streets have been closed off. Many new facilities have been built. I was lost. But the law school was still there. I had pangs of regret. Oh well. I walked down a different road. I chose real estate instead. I am?still glad I did. What I learned there helped me for sure, but it didn't grab my heart like real estate did.

My last memory to be refreshed was of my first house. It was a small three bedroom tract house that I bought for $18,000. There was a?prune orchard across the street. Well, the house was still there but the orchard wasn't. Another missed opportunity? Who knows? Anyway the current owners were taking good care of the house, but then they paid a lot more for it than I did.

Lessons learned or reinforced by my stroll down memory lane: real estate endures, change happens, fortunes can be made buying before the changes take place.

It was a very good week.

?

Bill Roberts

?

Source: http://activerain.com/blogsview/3574699/memory-lane-it-s-been-40-years-since-i-walked-there

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Used-clothing outlet expands to Ohio, keep Internet presence ...

Avalon Exchange co-owner Stuart McLean at his former Mt. Lebanon location. The high-fashion secondhand store closed in Mt. Lebanon and is moving its inventory and fixtures to a new store in the Cleveland suburb of Lakewood, while McLean and his wife are also pushing an online version of their business called ?Glossimer.? The Avalon Exchange location in Squirrel Hill will remain open. Jasmine Goldband | Tribune-Review


By Matthew Santoni

Published: Saturday, January 5, 2013, 12:01?a.m.
Updated 3 hours ago

Popularity and demand for fashion-focused, second-hand clothing is expanding, according to Stuart McLean, who wants to grow his business to take advantage of the trend.

To do that, McLean this week closed his upscale used-clothing outlet Avalon Exchange in Mt. Lebanon and is moving fixtures and inventory to a new store in the Cleveland suburbs.

McLean, who co-owns the Squirrel Hill-based chain of second-hand shops with his wife, Tammy Thurston McLean, said the 3,000-square-foot store at 680 Washington Road is moving to Lakewood, Ohio, a suburb of about 52,000 people on Cleveland?s western border.

The store in Mt. Lebanon had been profitable, but sales and growth had leveled off. So McLean said he will now focus on expanding in the Cleveland area, on a designer fashion resale website the couple has started and the possibility of expanding to other cities.

?The (Mt. Lebanon) area didn?t grow as much as we hoped. It got to a certain level and stayed there,? McLean said. ?Maybe at a different point in my career I would have kept it open.?

He said he has no plans to close the Squirrel Hill Avalon Exchange on Forbes Avenue, which McLean said did twice as much business as Mt. Lebanon in a smaller space.

?We?re going to be here forever,? he said.

In addition to the Squirrel Hill location, Avalon has branches in St. Louis? Delmar Loop neighborhood and the Coventry Village area of Cleveland Heights, a suburb on the eastern side of Cleveland. Stuart McLean is a partner in Reddz Trading, a second-hand shop in Washington?s posh Bethesda suburb.

Last summer, he and his wife joined Lindsay Williams Kress, a former buyer for ModCloth.com ? an originator in the online sale of fashionable second-hand clothing ? to start an online-only store for second-hand designer clothes and accessories at Glossimer.com.

Users of that website send photos and descriptions of designer-label goods they?d like to sell to Tammy McLean and Kress. The company then picks up the cost of shipping to Pittsburgh, inspects the goods and sends back 50 percent or more of the resale value. McClean and Kress then photograph the goods in a studio they set up in Squirrel Hill, and resell the goods online. Business was slow at first, but transactions have picked up in the past two months, Tammy McLean said.

?Luxury goods had a surge this year, and ... there isn?t anyone out there who?s already nailed that market for selling online,? Kress said. ?When you?re selling this stuff on eBay, you have really high fees for luxury goods and you have to be your own customer service department.?

Unlike ModCloth, where Kress was the seventh full-time employee, Glossimer.com is focused purely on designer items and resale, she said.

San Francisco-based ModCloth, which was founded by a pair of Carnegie Mellon University graduates and has a large presense in Pittsburgh, began by reselling vintage items before branching out into new, vintage-inspired goods.

Stuart McLean plans to travel to Houston this year, where he hopes to scout new locations for Avalon Exchange or Reddz Trading. He mentioned the possibility of expanding Reddz to another location in Washington.

With seasonal help being let go and student employees returning to school, only two regular employees at the Mt. Lebanon Avalon were laid off as a result of the store?s closure. A manager there is being transferred to Squirrel Hill, Tammy McLean said.

?The store was apparently performing, but (McLean) is putting his resources and time elsewhere,? said Eric Milliron, Mt. Lebanon?s economic development officer. The bright side, he said, was that Avalon?s closing would open up a large contiguous storefront ? the kind of space that?s hard to find in Mt. Lebanon?s built-out Uptown business district.

Matthew Santoni is a staff writer for Trib Total Media. He can be reached at 412-380-5625 or msantoni@tribweb.com.

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Source: http://triblive.com/business/headlines/3227342-74/mclean-avalon-lebanon

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The Reference Frame: Theory of something: QM has reached limits

Several people have asked me about the following press release that was published a few days ago and that was reprinted at various servers such as one that belongs to San Francisco Chronicle:

Theory of Something Reveals Why Quantum Mechanics has Reached its Limits: Mass is Outside of Particles (press release)
We learn that quantum mechanics has been defeated. More colorfully, the mass is located in a grid outside particles that is 100,000 times larger than the particle itself. A proton has a core with 63 "negtrinos", electron has 9 of them, and the hydrogen atom has a "grid room" for 16,525 "negtrinos".

Lots of similar nonsensical sentences, mostly with additional nonsensical numbers and new words, follow, together with a bizarre YouTube video. The press release also promotes their website,

Theory of Something.COM
Let's pick a picture from that website.

The sidebar contains lots of amazing statements such as "all forces are electromagnetical", "\(F=ma\) has been finally derived", "neutrinos and negtrinos are in the grid and fill the space", and so on. Lots of infantile pictures are added. All big problems are claimed to be solved (dark energy is everywhere, too) although there is no evidence on that page that the author has understood what the problems actually are or, at least, how they're called.

But let's reproduce the following image:

Now, I must ask all the people who were intrigued by this stuff: Can't you just figure out that this is pure childish rubbish that someone has made up? If you can't, you just fail to understand science and Nature at the high school level. It's scary.

The same question may be asked in millions of other contexts in which various types of pure junk are being hyped. For example, there's a YouTube video (with 300,000+ views) promoting Keshe's Foundation's alleged "discovery" of a method to obtain unlimited free energy and the cure for any disease out of a plasma. Someone asked whether it was a legitimate science and I gave a long answer. Guess whether the answer was YES or NO. Needless to say, a wishful thinking is a big part of this belief. Genuinely sincere and genuinely ignorant people just want the future to be rosy, they want to be a part of it, and they're not capable or they're not willing to distinguish the actual evidence (or at least common sense) from their wishful thinking.

But look at the "model" of the particles that was shown on the picture a few paragraphs above. Could you really believe that something like that could be true, something like that could arise from a legitimate scientific research?

In this "model", particles resemble a tennis racket with an extra disk-shaped structure of concentric circles decorated by extra "grid points" in the middle. Could a sane person believe that Nature works in this way?

First of all, the plane of the tennis racket is really two-dimensional while objects in the real world are three-dimensional. Why would Nature confine Herself into two dimensions and wouldn't use the third dimension at all?

Now, look at the complicated pattern. Could it arise naturally? Why? Why don't you draw another grid, a hexagon grid with three holes, each containing a pair of concentric elephants? This is not just a satirical rhetorical question; I am totally serious about this question. If Nature allowed the "tennis racket" particles, it would have to allow "elephant triplets in honeycomb" as well. If it didn't allow it, what laws could possible justify that "tennis rackets" are allowed but "elephant triplets in honeycomb" are not?

In other words, can't you see that the pattern on the picture is hugely contrived, self-evidently man-made? Nature isn't man-made. The laws of physics that dictate the shape of patterns are natural mathematical laws. Why would they produce something so similar to complicated man-made objects such as modified "tennis rackets"? It's clearly preposterous, isn't it?

Such pictures must be attractive for the laymen because they are "very concrete" and the particles have been "visualized". The pattern has lots of features you may spent lots of time with and memorize, thus convincing yourself that you are thinking about a scientific model. At the intuitive level, people may like it. But people, it's exactly the opposite what one should expect when it comes to a description of Nature. A true description of Nature isn't necessarily easy to be visualized. However, what's even more obvious is that it doesn't contain (almost) any arbitrary features that would have to be memorized.

You see that I am alluding to some activities that many people may have liked ? or been good at ? at school. They liked drawing and pointing and they liked to memorize things. But haven't you understood that these are skills that are not excessively important to understand Nature? Haven't you seen that physics works differently?

Nature simply has reasons explaining why the things are the way they are and they're often reasons that may only be accurately formulated in the language of mathematics. The picture of the "tennis racket" is exactly opposite in character. Its whole glory is about tons of features that don't have any justification.

It's sort of annoying that most of the people can't identify nonsense ? "theories" that would look preposterous even to semi-intelligent people 2,000 years ago. But the situation is probably even worse because even a large number of people who have college degrees; and perhaps a majority of the journalists or even science journalists is constantly ready to buy (and resell) any piece of crap even though a reasonably rational person may see it is crap by looking at 1 or 2 sentences or 1/4 of a picture.

I have no idea whether this lack of ability to see that self-evident nonsense is nonsense is due to the people's intrinsic limitations and low intelligence or their life-long "revolt" against the physics teachers who were intimidating them at school or some mistakes in the education that could be fixed or due to the atmosphere in which people are taught to believe everything and anything that is written anywhere in the media or press releases despite the fact that much if not most of things that are written at similar places these days are garbage.

It would be nice to know the actual reasons but it would be even nicer if people weren't this staggeringly gullible or this unbelievably stupid.

And that's the memo.

Source: http://motls.blogspot.com/2013/01/theory-of-something-qm-has-reached.html

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2012 in Review: The Digital Divide | Britannica Blog

Since 1938 Britannica?s annual Book of the Year has offered in-depth coverage of the events of the previous year. While the book won?t appear in print for several months, some of its outstanding content is already available online. Here, we feature this article by Britannica contributor Steve Alexander, which explores disparities in Internet access in the United States.

The Digital Divide

By 2012 the expression digital divide had come to be applied to the information gap between those who did and those who did not have easy Internet access and to the potential social and economic repercussions of that divergence. The term was most often used to describe the uneven availability of broadband Internet connections, which the U.S. Federal Communications Commission (FCC) considered vital for economic opportunity in the online age. Beyond the availability of broadband, however, there was also a digital divide based on age, education, and household income. In addition, there appeared to be a ?lost opportunity? digital divide for career advancement and health care.

An elementary school student and teacher look at a laptop computer in classroom. Credit: iStockphoto/Thinkstock

The FCC concluded that while the broadband digital divide had been narrowed as expanding commercial online networks?wireless and landline fibre?served more people, there were still many Americans without broadband or with connections that were considered inadequate. In its eighth annual Broadband Progress Report, adopted in August 2012, the FCC said that about 19 million U.S. citizens (the vast majority living in rural areas), or about 6% of the population, had no access to sufficiently fast broadband service (defined as 4 million bits per second [bps] downloads and 1 million bps uploads). The FCC previously had sought to promote broadband by shifting its Universal Service Fund, created to help pay for universal telephone service, to support broadband expansion.

Beyond the availability of high-speed Internet service, there were other signs of a digital divide that separated citizens in the computer age. About 20% of U.S. citizens did not use the Internet at all, according to a report in 2012 by the Pew Internet and American Life Project. They included senior citizens, those less skilled in the English language, people who had not graduated from high school, and households with incomes below $30,000 a year. About half of those who did not use the Internet said that it was not important to them. People with disabilities also were sometimes victims of the digital divide, the Pew report said. About 27% of them were far less likely to use the Internet than were people without a disability.

At least among senior citizens, there were signs that the digital gap might be lessening. A 2012 Pew survey reported that a little more than half of Americans over age 65 were using e-mail or the Internet. This was the first time a study had shown that number breaking the 50% mark. (In the population as a whole, 82% of American adults used e-mail or the Internet.) The study also showed that 69% of those over 65 had a cell phone, up from 57% two years earlier. A 2011 Pew report showed that of those over 65 who used the Internet, about a third used social-networking Web sites, a growth of 150% from two years earlier.

Another factor mitigating the digital divide was the rising use of mobile phones and computer-like smartphones. Some people who formerly did not use the Internet found cellular wireless connections a more affordable means of access. The 2012 Pew report showed that young adults, minorities, those who did not attend college, and people from lower-income households were more likely than others to say that the cell phone was their chief way to access the Internet. About 88% of U.S. citizens had a cell phone, whereas only 57% had a laptop computer.

Viewing the Internet through a cell phone imposed limitations, however. Writing a r?sum?, getting a college degree online, and starting a business were all more difficult on a cell phone Internet connection. In addition, because most cellular providers charged for Internet service on the basis of the amount of data downloaded, those limited to a cell phone faced additional costs if they used the Internet excessively.

In addition, the proliferation of Internet-enabled cell phones created another sort of digital divide: studies showed that some young people from poorer families became so entranced by ubiquitous Internet access that they wasted time with social-networking sites, games, and videos and thus fell behind academically. This turned out to be especially true for children of poorly educated parents. Experts asserted that the problem was that most of that time was spent on entertainment rather than education, which served only to widen what some called ?the time-wasting gap.? The FCC considered the creation of a $200 million digital literacy corps to teach students, their parents, and job applicants about more productive ways to use their Internet-access time, including how to use online technology for job-training and other educational pursuits.

Some looked at the digital divide from a broader economic perspective, arguing that more equitable access to high-speed Internet service would improve worldwide economic equality, social mobility, and economic growth. Developed countries clearly had the best Internet connections. A 2012 report by Internet-content-delivery firm Akamai Technologies showed that the entities with the highest percentage of Internet connections above 10 million bps were, in order, South Korea, Japan, Hong Kong, Latvia, the Netherlands, Switzerland, Belgium, Finland, Denmark, and the U.S.

A report from the United Nations telecoms agency indicated that falling costs for Internet service were helping less-developed countries (LDCs) to reduce the magnitude of the digital divide between themselves and developed countries, although not completely erasing it. For example, the UN said that LDCs were the biggest growth market for cell phone Internet connections and that economic development had followed the expansion of broadband access. The report also said that the price of Internet access remained relatively high in some low-income countries and that the only solution involved an expansion of cellular networks and price reductions.

In a report published in the Communications of the Association for Information Systems, Debabrata Talukdar from the University at Buffalo School of Management and Dinesh K. Gauri of the Whitman School of Management at Syracuse (N.Y.) University affirmed that a decade of digital divide studies showed some ominous widening of the socioeconomic gap when it came to income and urban-versus-rural location. Compared with a decade earlier, those with higher incomes were considerably more likely to have Internet access at home than did those with medium incomes, and people in urban areas were more likely to have Internet service than were people in rural areas.

As more individuals worked from home or interviewed for a job via videoconferencing software, the lack of access to high-speed Internet service could be a limiting factor in a career. Meanwhile, online health care?long cited as an area that could provide doctors with an opportunity to ?visit? remote patients over the Internet?was likely to be available only to those with fast Internet connections. Political involvement and video entertainment also were increasingly active online, and those with high-speed Internet connections were more likely to be able to participate. The growth of small business was said by the U.S. Department of Commerce (DOC) to be limited by a lack of broadband Internet connections. ?The smaller the business, the bigger the impact that broadband can have,? Lawrence Strickling, an assistant secretary at the DOC, asserted in July 2012 in testimony before Congress. ?Broadband is responsible for approximately 20% of new jobs across all businesses, but it is responsible for 30% of new jobs in businesses of fewer than 20 employees.?

Susan P. Crawford, a law professor at Yeshiva University, New York City, said [in an opinion piece published in the New York Times] that U.S. demographic trends suggested that African Americans and Latinos, who faced the greatest risk of being left behind by the digital divide, would in 30 years make up more than half of the workforce in the U.S. As a result, the digital divide could be expected to have long-lasting effects on the country?s labour pool.

Source: http://www.britannica.com/blogs/2013/01/2012-in-review-the-digital-divide/

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Hospital Fires Nurses for Refusing Flu Shot

An Indiana hospital has fired eight employees, including at least three veteran nurses, after they refused mandatory flu shots, stirring up controversy over which should come first: employee rights or patient safety. The hospital imposed mandatory vaccines, responding to rising concerns about the spread of influenza.

Ethel Hoover wore all black on her last day of work as a nurse in the critical care unit at Indiana University Health Goshen Hospital. She said she was in "mourning" because she would have been at the hospital 22 years in February, and she's only called out of work four or five times in her whole career , she said.

"This is my body. I have a right to refuse the flu vaccine," Hoover, 61, told ABCNews.com. "For 21 years, I have religiously not taken the flu vaccine, and now you're telling me that I believe in it."

More than 15,100 flu cases have been reported to the Centers for Disease Control and Prevention since Sept. 30, including 16 pediatric deaths. Indiana's flu activity level is considered high, according to the CDC, which last month announced that the flu season came a month earlier than usual.

Click here to read how flu has little to do with weather.

Flu During Pregnancy Linked to Autism: Study Watch Video

When Hoover first heard about the mandate, she said she didn't realize officials would take it so seriously. She said she filed two medical exemptions, a religious exemption and two appeals, but they were all denied. The Dec. 15 flu shot deadline came and went. Hoover's last day of employment was Dec. 21.

Fellow nurse Kacy Davis said she and her colleagues were "horrified" over Hoover's firing, calling her their "go-to" nurse and a "preceptor."

"It was a good place to work," Hoover said. "We've worked together all these years. We're like a family."

The hospital said in a statement that it implemented the mandate to promote patient safety based on recommendations from the American Medical Association, the American Nurses Association, and the Centers for Disease Control and Prevention. It announced the mandate in September. Of the hospital's 26,000 employees statewide, 95 percent complied. That means 1,300 employees did not comply, but only eight were fired.

"IU Health's top priority is the health and wellbeing of our patients," said hospital spokeswoman Whitney Ertel. "Participation in the annual Influenza Patient Safety Program is a condition of employment with IU Health for the health and safety of the patients that we serve, and is therefore required."

The CDC recommends flu shots for everyone older than six months of age. Dr. William Schaffner, chair of preventive medicine at Vanderbilt University Medical Center in Nashville, Tenn., said hospital patients are especially vulnerable to flu complications because their bodies are already weakened.

"I cannot think of a reason for any health care professional to decline influenza immunization that's valid," said Schaffner, a former president of the National Foundation for Infectious Diseases, adding that people with egg allergies may have to avoid the flu shot to prevent anaphylactic shock, but even that hurdle has been remedied. The Food and Drug Administration approved an egg-free vaccine in November.

Schaffner said invalid excuses to avoid the shot include being afraid of needles and simply promising to stay home when they're sick. Patients now have the option of a vaccine nasal spray if they want to avoid needles. And since flu victims become contagious before they start to feel sick, they can get patients sick even if they stay home when they have symptoms.

Over the last several years, hospitals have been moving toward mandatory vaccinations because many only have 60 percent vaccination rates, Schaffner said. He is leading an effort for a similar mandate at Vanderbilt University Medical Center.

Source: http://abcnews.go.com/Health/indiana-hospital-fires-nurses-refusing-flu-shot/story?id=18116967

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Lilly 2013 profit forecast tops expectations

(AP) ? Eli Lilly and Co. unveiled a better-than-expected 2013 earnings forecast Friday, in part because the pharmaceutical company expects growth from several established drugs to help make up for revenue lost to generic competition.

The Indianapolis drug developer saw sales for its all-time best-selling drug, the antipsychotics Zyprexa, crater in 2012 after it lost U.S. patent protection. Lilly will take another hit next December when it loses patent protection for its current top seller, the antidepressant Cymbalta.

But company executives told analysts Friday they still expect Cymbalta and another product that loses patent protection in 2013, the insulin Humalog, to help drive revenue growth along with products like the cancer treatment Alimta and the erectile dysfunction drug Cialis.

Lilly also expects more growth from Japan, developing countries and its animal health business.

All told, the drugmaker forecast 2013 adjusted earnings of between $3.75 and $3.90 per share on $22.6 billion to $23.4 billion in revenue.

That topped analyst expectations, on average, for per-share earnings of $3.72, according to FactSet. Analysts also expected $22.87 billion in revenue.

Company shares climbed $1.71, or 3.4 percent, to $51.43 in Friday afternoon trading, while broader indexes rose less than 1 percent.

Lilly said it expects operating expenses will be flat or drop slightly compared with 2012, and that was slightly better than what Edward Jones analyst Judson Clark expected.

He called Lilly's 2013 forecast "a pleasant surprise," but he also noted that plenty of long-term concerns remain. Lilly won't feel the brunt of the Cymbalta patent loss until 2014, and Clark expects the company's earnings to shrink then. What remains to be seen, he said, is whether the drugmaker is willing to preserve its dividend and cut expenses enough to tame that loss.

"We think the real question marks are in 2014," he said.

Lilly also expects to counter the patent expirations by developing new drugs, and the company said Friday it has 13 experimental drugs in late-stage testing, the last phase before a company seeks regulatory approval.

Lilly reiterated on Friday that it expects at least $3 billion in net income and revenue of at least $20 billion through 2014. It also expects to keep paying its dividend and to buy back $1.5 billion in shares this year.

Zyprexa once brought in more than $5 billion in annual revenue for Lilly, but its sales sank 66 percent through the first nine months of 2012 after generic competition entered the market. The company expects revenue from Cymbalta, which topped $4 billion in 2011, to start falling in this year's fourth quarter.

Humalog, Lilly's best-selling insulin, brought in about $1.4 billion in U.S. revenue in 2011. That product may take less of a sales hit after it loses U.S. patent protection in May because it's a biologic drug made from living cells instead of a chemical formula. Those are harder for generic drugmakers to replicate.

Lilly should not expect to replace blockbuster drug revenue with another round of blockbusters, said WBB Securities analyst Steve Brozak. He said the company's success will depend on a combination of drug development, partnerships with other companies and acquisitions that help stoke its product pipeline.

But that approach will be difficult because other drugmakers also are facing patent expirations and will be competing with Lilly on those deals.

"If (Lilly executives) think that business as usual applies, their shareholders are going to vote with their sell orders," he said.

The company reports fourth-quarter and 2012 results Jan. 29.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-01-04-Eli%20Lilly-Outlook/id-ebaac9c259eb401a83082f0a634e8d12

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