Saturday, August 3, 2013

"We will play with more confidence in the semifinal," says Peru coach

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Source: www.fivb.org --- Friday, August 02, 2013
Nakhon Ratchasima, Thailand, July 28, 2013 ? Peru beat Serbia 3-2, Peru grab the last ticket to the semifinal round at the Girls? U18 World Championships in Thailand. ...

Source: http://www.fivb.org/viewPressRelease.asp?No=41762&Language=en

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Friday, August 2, 2013

GOP Donor: Doing Nothing On Immigration Is 'De Facto Amnesty'

Much of the political debate over immigration reform has raged within the Republican party. Host Michel Martin talks to former Secretary of Commerce Carlos Gutierrez about the solutions his group, Republicans for Immigration Reform, has to offer.

Copyright ? 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

MICHEL MARTIN, HOST:

And now we turn to immigration and the debate within the Republican Party over the issue. Republican leaders, including Florida Senator Marco Rubio, are pressing the party to embrace a comprehensive immigration plan. But many House Republicans want to increase border security first and are wary of any policy that could create a path to citizenship for the millions of immigrants who are currently in the country without proper authorization. Now, a new group is hoping to tip the balance. It's called Republicans for Immigration Reform.

That group has collected the signatures of more than 100 GOP donors - including Karl Rove and former Vice President Dan Quayle - on a letter urging conservative lawmakers to, quote, fix our broken immigration system, unquote. The effort is spearheaded by Carlos Gutierrez, who served as Secretary of Commerce under President George W. Bush. He's the cofounder and chair of Republicans for Immigration Reform, and he's with us on the line from Miami. Mr. Secretary, thank you so much for speaking with us. Welcome back to the program.

CARLOS GUTIERREZ: Thank you. Pleasure to be back.

MARTIN: You know, as you know, probably better than anybody, the Republican House majority feels uneasy - and that's kind of putting it mildly for some - that the Senate immigration bill creates a path to citizenship for immigrants who are here illegally. In your letter, you call for giving these undocumented workers legal status. Is that different from citizenship? What is that?

GUTIERREZ: We already have a path to citizenship. That's already in the law. What we don't have in law is a way to make the people who are here undocumented legal. So what we're proposing is that the bill make them legal, and if they choose to pursue citizenship, they can get through the process that already exists. What a lot of people want to avoid is the sense that we gave the undocumented folks a special path, which put people who have been waiting in line at a disadvantage. You know, we're talking about legalization - and I'll tell you, citizenship is going to happen. If folks pursue it, it happens 13, 15 years down the road. I don't think we should deny them legal status just because someone wants a special path to citizenship put into the law.

MARTIN: You're saying in the letter you wrote that doing nothing is de facto amnesty. Can you explain that?

GUTIERREZ: Absolutely. If we do nothing, we are essentially just saying, you can stay in the country, you can do whatever you want. Every day, the system becomes more dysfunctional. I just think it's highly irresponsible to do nothing because we know we have a huge problem and this affects our economy. Immigration is primarily an economic tool. It's an economic advantage that we have, but we have such a broken system that we can't turn it into an advantage.

Everyone talks about the 11 million undocumented, and obviously that's a very important part of the reform, but it's not the only part. And I would say the most important part that people talk very little about is the new legal system - the future flow of immigrants beyond the 11 million who are in the country. How do we ensure that we have the right number of agricultural workers, the right number of PhDs, the right number of construction workers? What worries me about the Senate bill is that the caps are so low for future immigration. For example, there is a 15,000 worker cap for construction. And I tell people, jokingly, look, we need 15,000 in Miami.

MARTIN: You talk about immigration as an economic benefit, but to whom? I mean, there is a countervailing argument that this country's immigration policies, over the last decades, have continually suppressed wages and made it harder for native-born groups with less education, including Latinos who have been here longer, who, for whatever reason, haven't achieved the same educational opportunities as other groups.

GUTIERREZ: Yeah.

MARTIN: Native-born...

GUTIERREZ: Yeah.

MARTIN: ...African-Americans with limited education that really - that this has not been an economic boon for them. It's continually suppressed their wages and really removed any pressure from employers in the country, in general, to improve their educational standing and their economic standing. What's your answer to that?

GUTIERREZ: I think it's actually the other way around. You know, when people say to me, why do we need immigration reform? We have 7.5 percent unemployment. My answer is, we need immigration reform precisely because we have 7.5 percent unemployment. I'll just give you two examples, real-world examples. I was talking to a restaurant owner the other day. He has three restaurants. He said, look, if I had enough workers, I would own eight restaurants, and if I had eight restaurants, I would hire more U.S. citizens.

A farmer who's saying, if I had more workers, I would farm more, then I'd be able to open up more distribution centers. I would hire more U.S. citizens. I would even export. So for every 100 jobs that immigrants have, they create 42 jobs for U.S. citizens.

MARTIN: Well, OK. So the unemployment rate overall is 7 percent, and among African-Americans, it's in the 14 percent range. So tell me again...

GUTIERREZ: Right.

MARTIN: ...How this benefits...

GUTIERREZ: Well...

MARTIN: ...Those groups that are particularly vulnerable and have particularly suffered during this downturn.

GUTIERREZ: There is such a thing as jobs that Americans won't do. OK, so let's go back to agriculture. The Senate bill has a cap of 110,000 agricultural workers every year. We need about a million. So where do we get the remainder? It's very sad. What do these farms do? What do these family farms do? Do they go out of business? Do they hire illegals or do they move their farm to Mexico? So...

MARTIN: Or maybe...

GUTIERREZ: ...There are jobs.

MARTIN: ...They could pay more. Or maybe those jobs would be more attractive, just in the same way that executive jobs - the compensation...

GUTIERREZ: Well, they do, and...

MARTIN: ...For executive jobs have been bid up continually over the last sort of decade, perhaps...

GUTIERREZ: Right.

MARTIN: ...The same phenomenon would work there?

GUTIERREZ: The farmers who work the system legally, who stay within the bounds of the law, pay about $11.50 an hour. I'm saying that's not bad for very, very, very low-skilled manual work - very tough work. But they're competing against people who are hiring illegally. They have trouble competing. They're going to go out of business. So if you make the system legal, then wages will naturally go up. In every industry, there are some limits as to how much you can pay.

But the people who are in the country are not matched up to the skills we need. And - what demographers call - our fertility replacement rate is 2.1 children per woman of child bearing age. Our average is about 1.9. Without immigration, our population will decline. A declining population is a declining economy and a declining society.

MARTIN: The timing of the letter, as members are about to go on recess. The point...

GUTIERREZ: Absolutely.

MARTIN: ...Is what?

GUTIERREZ: They're about to go on recess and as they start hearing from people who don't understand the issue, who really don't understand the complexity of immigration, are crying out amnesty, that they should know that there are other very influential and very important Republicans who are crying out and saying, fix the problem.

MARTIN: I don't use the word tactic in a demeaning way or to be disrespectful...

GUTIERREZ: I understand. I understand.

MARTIN: ...But an approach of people who believe that the party is moving in the wrong direction in other areas has been to mount primary challenges to candidates and to office holders who, in their view, aren't getting it. Has your group contemplated the same strategy?

GUTIERREZ: We want to do two things. We want to get the vote, the Republican vote for reform. And then, if necessary, obviously we support Republicans who are getting a primary challenge from their right because they happen to vote for immigration reform. So it's a two-step process, but there's no question that that's what people are worried about - is voting for reform and then going back to the district and being challenged by someone who, you know, is, you know, going to knock down the whole effort. And it's just not right because our country is suffering. The land of immigrants is being outdone by countries like Canada, Australia, New Zealand, who have updated their laws for the 21st century. We have not. And that's something we need to do.

MARTIN: Carlos Gutierrez served as Secretary of Commerce in the administration of President George W. Bush. He's the cofounder and chair of the political action committee Republicans for Immigration Reform. He's now the vice chair of the Albright Stonebridge Group. That's a commercial diplomacy firm. And we caught up with him in Miami. Mr. Secretary, thank you for speaking with us once again. We hope we'll talk again.

GUTIERREZ: Thank you. Always a pleasure.

Copyright ? 2013 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

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Source: http://www.npr.org/templates/story/story.php?storyId=207901618&ft=1&f=1003

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'Evolution will punish you if you're selfish and mean'

'Evolution will punish you if you're selfish and mean' [ Back to EurekAlert! ] Public release date: 1-Aug-2013
[ | E-mail | Share Share ]

Contact: Layne Cameron
layne.cameron@cabs.msu.edu
517-353-8819
Michigan State University

EAST LANSING, Mich. Two Michigan State University evolutionary biologists offer new evidence that evolution doesn't favor the selfish, disproving a theory popularized in 2012.

"We found evolution will punish you if you're selfish and mean," said lead author Christoph Adami, MSU professor of microbiology and molecular genetics. "For a short time and against a specific set of opponents, some selfish organisms may come out ahead. But selfishness isn't evolutionarily sustainable."

The paper appears in the current issue of Nature Communications and focuses on game theory, which is used in biology, economics, political science and other disciplines. Much of the last 30 years of research has focused on how cooperation came to be, since it's found in many forms of life, from single-cell organisms to people.

In 2012, a scientific paper unveiled a newly discovered strategy called zero-determinant that gave selfish players a guaranteed way to beat cooperative players.

"The paper caused quite a stir," said Adami, who co-authored the paper with Arend Hintze, molecular and microbiology research associate. "The main result appeared to be completely new, despite 30 years of intense research in this area."

Adami and Hintze had their doubts about whether following a zero determinant strategy (ZD) would essentially eliminate cooperation and create a world full of selfish beings. So they used high-powered computing to run hundreds of thousands of games and found ZD strategies can never be the product of evolution. While ZD strategies offer advantages when they're used against non-ZD opponents, they don't work well against other ZD opponents.

"In an evolutionary setting, with populations of strategies, you need extra information to distinguish each other," Adami said.

So ZD strategies only worked if players knew who their opponents were and adapted their strategies accordingly. A ZD player would play one way against another ZD player and a different way against a cooperative player.

"The only way ZD strategists could survive would be if they could recognize their opponents," Hintze said. "And even if ZD strategists kept winning so that only ZD strategists were left, in the long run they would have to evolve away from being ZD and become more cooperative. So they wouldn't be ZD strategists anymore."

###

Both Adami and Hintze are members of MSU's BEACON Center for the Study of Evolution in Action. The research is supported by the National Science Foundation, the MSU High Performance Computing Center and the MSU Institute for Cyber Enabled Research.

Michigan State University has been working to advance the common good in uncommon ways for more than 150 years. One of the top research universities in the world, MSU focuses its vast resources on creating solutions to some of the world's most pressing challenges, while providing life-changing opportunities to a diverse and inclusive academic community through more than 200 programs of study in 17 degree-granting colleges.

For MSU news on the Web, go to MSUToday. Follow MSU News on Twitter at twitter.com/MSUnews.


[ 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.


'Evolution will punish you if you're selfish and mean' [ Back to EurekAlert! ] Public release date: 1-Aug-2013
[ | E-mail | Share Share ]

Contact: Layne Cameron
layne.cameron@cabs.msu.edu
517-353-8819
Michigan State University

EAST LANSING, Mich. Two Michigan State University evolutionary biologists offer new evidence that evolution doesn't favor the selfish, disproving a theory popularized in 2012.

"We found evolution will punish you if you're selfish and mean," said lead author Christoph Adami, MSU professor of microbiology and molecular genetics. "For a short time and against a specific set of opponents, some selfish organisms may come out ahead. But selfishness isn't evolutionarily sustainable."

The paper appears in the current issue of Nature Communications and focuses on game theory, which is used in biology, economics, political science and other disciplines. Much of the last 30 years of research has focused on how cooperation came to be, since it's found in many forms of life, from single-cell organisms to people.

In 2012, a scientific paper unveiled a newly discovered strategy called zero-determinant that gave selfish players a guaranteed way to beat cooperative players.

"The paper caused quite a stir," said Adami, who co-authored the paper with Arend Hintze, molecular and microbiology research associate. "The main result appeared to be completely new, despite 30 years of intense research in this area."

Adami and Hintze had their doubts about whether following a zero determinant strategy (ZD) would essentially eliminate cooperation and create a world full of selfish beings. So they used high-powered computing to run hundreds of thousands of games and found ZD strategies can never be the product of evolution. While ZD strategies offer advantages when they're used against non-ZD opponents, they don't work well against other ZD opponents.

"In an evolutionary setting, with populations of strategies, you need extra information to distinguish each other," Adami said.

So ZD strategies only worked if players knew who their opponents were and adapted their strategies accordingly. A ZD player would play one way against another ZD player and a different way against a cooperative player.

"The only way ZD strategists could survive would be if they could recognize their opponents," Hintze said. "And even if ZD strategists kept winning so that only ZD strategists were left, in the long run they would have to evolve away from being ZD and become more cooperative. So they wouldn't be ZD strategists anymore."

###

Both Adami and Hintze are members of MSU's BEACON Center for the Study of Evolution in Action. The research is supported by the National Science Foundation, the MSU High Performance Computing Center and the MSU Institute for Cyber Enabled Research.

Michigan State University has been working to advance the common good in uncommon ways for more than 150 years. One of the top research universities in the world, MSU focuses its vast resources on creating solutions to some of the world's most pressing challenges, while providing life-changing opportunities to a diverse and inclusive academic community through more than 200 programs of study in 17 degree-granting colleges.

For MSU news on the Web, go to MSUToday. Follow MSU News on Twitter at twitter.com/MSUnews.


[ 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/2013-08/msu-wp073113.php

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Ex-trader 'Fabulous Fab' found liable in SEC case

Former Goldman Sachs vice president Fabrice Tourre walks to Manhattan federal court with his attorneys, in New York, Thursday, Aug. 1, 2013. Tourre's three-week trial stems from allegations the Securities and Exchange Commission made in 2010 against him and Goldman Sachs. It has been called the most significant legal action related to the mortgage securities crisis that helped push the country into recession. (AP Photo/Richard Drew)

Former Goldman Sachs vice president Fabrice Tourre walks to Manhattan federal court with his attorneys, in New York, Thursday, Aug. 1, 2013. Tourre's three-week trial stems from allegations the Securities and Exchange Commission made in 2010 against him and Goldman Sachs. It has been called the most significant legal action related to the mortgage securities crisis that helped push the country into recession. (AP Photo/Richard Drew)

Former Goldman Sachs vice president Fabrice Tourre, right, walks to Manhattan federal court with his attorneys, in New York, Thursday, Aug. 1, 2013. Tourre's three-week trial stems from allegations the Securities and Exchange Commission made in 2010 against him and Goldman Sachs. It has been called the most significant legal action related to the mortgage securities crisis that helped push the country into recession. (AP Photo/Richard Drew)

(AP) ? A former Goldman Sachs trader who earned the nickname "Fabulous Fab" was found liable Thursday in a fraud case brought by federal regulators in response to the 2007 mortgage crisis that helped push the country into recession.

A jury reached the verdict at the civil trial in Manhattan federal court of Fabrice Tourre ? a French-born Stanford graduate described by Securities and Exchange Commission lawyers as the face of "Wall Street greed." Tourre's attorneys portrayed him as a scapegoat in a downturn caused by larger economic forces.

Tourre, 34, was found liable in six of seven SEC fraud and other claims. He faces potential fines and a possible ban from the financial industry. The exact penalty will be determined at a future proceeding.

The SEC had accused Tourre of misleading institutional investors about subprime mortgage securities that he knew were doomed to fail, setting the stage for a valued Goldman hedge fund client, Paulson & Co. Inc., to secretly bet against the investment.

The maneuver ended up making $1 billion for the hedge fund and its wealthy president, John A. Paulson, and millions of dollars in fees for Goldman. The SEC also sought to show that it helped earn Tourre a bonus that boosted his salary to $1.7 million in 2007.

On the witness stand, the SEC lawyers confronted Tourre with a January 2007 email it said deliberately misled another institutional investor about Paulson's short position in the investment called Abacus 2007-AC1.

Asked repeatedly if the information in the email was "false," Tourre responded, "It was not accurate."

He added: "I wasn't trying to confuse anybody; it just wasn't accurate at the time."

Leaving the courtroom on Thursday, SEC lawyer Matthew Martens said, "We're obviously gratified by the jury's verdict and appreciate their hard work."

Tourre left the courthouse without speaking to reporters. His attorney also had no immediate comment.

In closing arguments, Martens called Tourre's testimony "surreal, imaginary, unreal, dream-like" and told jurors that the defendant wanted them "to live in his imaginary land ... to live in a fantasy world."

"Only if you close your eyes to the facts, you can find Mr. Tourre not liable for his actions," the SEC lawyer said.

Tourre's attorney, John Coffey, countered that the government had "unjustly accused him of wrongdoing."

Coffey urged jurors to put the investment's failure in perspective, noting that all similarly packaged securities "went off the cliff as well" after 2007.

The civil case had been called the most significant legal action related to the mortgage securities meltdown, but it lacked the drama and high stakes of white-collar criminal cases. Much of the testimony was devoted to the intricacies of synthetic collateralized debt obligations, or CDOs ? a complex type of investment central to the case.

Some of the testimony focused on a personal email Tourre sent to his girlfriend in France. The SEC lawyers said the missive proved the hubris of a man at the center of a massive fraud, while the defense claimed was "an old-fashioned love letter" penned by a young trader who was full of self-doubt and angst over upheaval in the financial world.

Writing in French, Tourre said of the financial markets: "The whole building is about to collapse anytime now."

"Only potential survivor, the fabulous Fab ... Standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstrosities!!!"

Pressed by Marten on what he meant, Tourre said, "I didn't create any monstrosities."

Goldman settled with the SEC in 2010 by paying a $550 million fine without admitting or denying wrongdoing. Tourre left the firm in 2012 and is studying for his doctorate in economics at the University of Chicago.

A former SEC enforcement attorney, Jacob Frenkel said that although Tourre was a "small player," the outcome marked an important victory for federal regulators.

"The SEC had a lot at stake in this case," Frenkel said. "This validates the SEC's high-risk gambit to take on Goldman Sachs in connection with this transaction."

___

AP Business Writer Marcy Gordon in Washington contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-08-01-Mortgage%20Mess-Goldman%20Trader%20Trial/id-73aca342b40544ac91f816651644a0c2

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Thursday, August 1, 2013

Now that doctors at Memorial Sloan-Kettering Cancer Center took out the last of...

Sorry, Readability was unable to parse this page for content.

Source: http://www.facebook.com/cunyjschool/posts/10153095191840083

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Egypt orders police to clear protest camps

Supporters of Egypt's ousted President Mohammed Morsi pray outside Rabaah al-Adawiya mosque, where supporters of Egypt's ousted President Mohammed Morsi have installed a camp and hold daily rallies at Nasr City, in Cairo, Egypt, late Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since removing him from office, allowing Europe's top diplomat Tuesday to meet with Mohammed Morsi in his secret detention. She emerged from her two-hour talks with him urging all sides to move on toward a peaceful transition. Arabic on the banner in the center reads: "Athletes against the coup." (AP Photo/Hassan Ammar)

Supporters of Egypt's ousted President Mohammed Morsi pray outside Rabaah al-Adawiya mosque, where supporters of Egypt's ousted President Mohammed Morsi have installed a camp and hold daily rallies at Nasr City, in Cairo, Egypt, late Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since removing him from office, allowing Europe's top diplomat Tuesday to meet with Mohammed Morsi in his secret detention. She emerged from her two-hour talks with him urging all sides to move on toward a peaceful transition. Arabic on the banner in the center reads: "Athletes against the coup." (AP Photo/Hassan Ammar)

A supporter of Egypt's ousted President Mohammed Morsi raises his fist during a women's march against Egyptian Defense Minister Gen. Abdel-Fattah el-Sissi in Nasr City, Cairo, Egypt, Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since it removed him from office, allowing Europe's top diplomat to meet with Mohammed Morsi in his secret detention as she urges all sides to move on toward a peaceful transition. Despite the military's gesture and attempts by some in the civilian leadership to ease a security crackdown on Morsi's supporters, efforts at a solution to Egypt's crisis have so far hit a brick wall. (AP Photo/Manu Brabo)

Supporters of Egypt's ousted President Mohammed Morsi chants slogans against Egyptian Defense Minister Gen. Abdel-Fattah el-Sissi during a march in Nasr City, where supporters of Egypt's ousted President Mohammed Morsi have installed a camp and hold daily rallies, in Cairo, Egypt, late Tuesday, July 30, 2013. Egypt's military gave the ousted president his first contact with the outside world since removing him from office, allowing Europe's top diplomat Tuesday to meet with Mohammed Morsi in his secret detention. She emerged from her two-hour talks with him urging all sides to move on toward a peaceful transition. Arabic reads, "Peaceful." (AP Photo/Hassan Ammar)

(AP) ? Egypt's military-backed government on Wednesday ordered the police to clear two Cairo protest camps packed with supporters of ousted President Mohammed Morsi, saying they posed a threat to national security and were "terrorizing" citizens.

The move signaled an imminent crackdown against the heavily barricaded sit-ins ? one outside a mosque in eastern Cairo and another on the other side of the city near the main Cairo University campus ? and raised the prospect of more violence after clashes broke out during previous action against the mainly Islamist protesters.

More than 260 people have been killed since Morsi was ousted by the military on July 3, leaving the country between those calling for his reinstatement and millions who marched against him and his Muslim Brotherhood in a show of support for the new political order.

Police have been instructed to end the protests "within the law and the constitution," Information Minister Dorreya Sharaf el-Din said in a televised statement, although she did not specify a timeframe.

Interior Minister Mohammed Ibrahim, who is in charge of the police, said the disbanding of the sit-ins will be carried out in gradual steps according to orders from prosecutors. "I hope they (Morsi supporters) resort to reason" and leave without authorities having to move in, he told The Associated Press in a telephone interview.

In a parallel move, prosecutors also referred three top Brotherhood leaders, including its fugitive spiritual leader Mohammed Badie, to trial for allegedly inciting the killing of anti-Morsi protesters last month.

The other two, who already are in detention, are Badie's powerful deputy Khairat el-Shater and senior Brotherhood leader Rashad Bayoumi. They are accused of inciting the killing of at least eight protesters outside the Cairo headquarters of the Brotherhood on the night of June 30 and early the next day. No date has been set for the trial, which will be held before a criminal court.

Morsi was overthrown after just one year in office by the military on July 3 after mass rallies in which millions of Egyptians calling for his ouster took to the streets. Last week, millions of Egyptians rallied on the street again to give military chief Gen. Abdel-Fattah el-Sissi a mandate to deal with violence and "potential terrorism."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-07-31-Egypt/id-381bfb8cbefb4365aac388d4e0189fcd

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Accenture in talks to acquire rival Booz & Co: WSJ

NEW YORK (Reuters) - Management consulting firm Accenture Plc is in talks to acquire rival Booz & Co, a deal that would beef up its strategy and operations consulting services, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Acquisition-hungry Accenture has this year announced it would be acquiring London-based global service design consultancy Fjord and digital marketing company Acquity Group as well as Mortgage Cadence, a loan origination software company.

Representatives for Accenture were not available for comment after normal business hours. A spokeswoman for Booz & Co said the firm does not address market or media speculation pertaining to it.

Accenture has about 266,000 employees worldwide and net revenues of $27.9 billion for the fiscal year ended August 31, 2012, the company's website said.

Booz & Co has over 3,000 employees globally, according to information on the company's website. It ended discussions of a possible merger with A.T. Kearney, another management consulting firm, in July 2010.

Accenture cut its full-year outlook last month, citing a pullback in spending by its consulting business clients, after reporting third-quarter revenue below analysts' estimates.

(Reporting by Sam Forgione; Editing by Edwina Gibbs)

Source: http://news.yahoo.com/accenture-talks-acquire-rival-booz-co-wsj-020511539.html

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