Monday, December 3, 2012

Scientists discover how two proteins help keep cells healthy: Implications for cancer drug development

ScienceDaily (Nov. 29, 2012) ? Scientists at The Scripps Research Institute (TSRI) have determined how two proteins help create organelles, or specialized subunits within a cell, that play a vital role in maintaining cell health. This discovery opens the door for research on substances that could interfere with the formation of these organelles and lead to new therapies for cancer.

The study, published online ahead of print on December 2, 2012, by the journal Nature Structural & Molecular Biology, focuses on the structure and function of the two proteins, ATG12 and ATG5. These proteins need to bond correctly to form an organelle called the autophagosome, which acts like a trash bag that removes toxic materials and provides the cell with nutrition through recycling.

"Our study focuses on one of the big mysteries in our field," said Takanori Otomo, the TSRI scientist who led the effort. "These proteins are linked, but no one has explained why clearly. We're very excited to have determined the structure of these linked proteins so that the information is available to do the next level of research."

Asking Questions, Finding Answers

At the beginning of the study, Otomo and colleagues knew that many proteins work together to form autophagosomes as part of the process known as autophagy, which breaks down large proteins, invasive pathogens, cell waste, and toxic materials. As part of this process, one key protein, LC3, attaches to a lipid, or fat molecule, on the autophagosome membrane. Yet LC3 cannot attach to a lipid without the help of ATG12 and ATG5, and a cell will only form an autophagosome if the linkage, or conjugate, between these two molecules has been established.

Otomo and colleagues set out to determine the shape of the ATG12-ATG5 conjugate, and to find out why it was needed for LC3 lipidation.

Using a method called X-ray crystallography, the scientists were able to unveil the details of this conjugate. When ATG12 and ATG5 come together, they form a rigid architecture and create a surface area that is made up of evolutionarily conserved amino acids and facilitates LC3 lipidation. The researchers confirmed this finding by mutating those conserved amino acids , which prevented an autophagosome from forming.

Otomo and colleagues also identified a surface on the ATG12-ATG5 conjugate that binds to ATG3, another enzyme required to attach LC3 to the lipid.

Toward Better Understanding and New Cancer Treatments

With this new knowledge, the researchers hope to design molecules that inhibit autophagosome formation, a direction of research that has implications for cancer treatment. A drug that directly inhibits ATG3 binding, for example, could be used in coordination with current therapies to make cancer treatments more effective, preventing a cancer cell from recycling nutrients and prolonging its survival.

"Ultimately, we'd like to understand the molecular mechanisms of each step of autophagy," he said, "As we make progress toward this goal, we will have a better idea of how to manipulate the pathway for therapeutic purposes. This field is still young and there are a lot of unknowns. This work is just the beginning."

This research was supported by National Institutes of Health (NIH) grant GM092740 and by funds from Japan Science and Technology Agency through the Keio Kanrinmaru Project.

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The above story is reprinted from materials provided by The Scripps Research Institute.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Chinatsu Otomo, Zoltan Metlagel, Giichi Takaesu, Takanori Otomo. Structure of the human ATG12~ATG5 conjugate required for LC3 lipidation in autophagy. Nature Structural & Molecular Biology, 2012; DOI: 10.1038/nsmb.2431

Note: If no author is given, the source is cited instead.

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment. Views expressed here do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/efU9jJ_Od0I/121202164103.htm

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Sunday, December 2, 2012

Ball helps Badgers rush past No. 14 Nebraska 70-31

Wisconsin running back James White (20) celebrates with Brian Wozniak after White ran 68 yards for a touchdown during the second half of the Big Ten Conference championship NCAA college football game against Nebraska Saturday, Dec. 1, 2012, in Indianapolis. (AP Photo/Michael Conroy)

Wisconsin running back James White (20) celebrates with Brian Wozniak after White ran 68 yards for a touchdown during the second half of the Big Ten Conference championship NCAA college football game against Nebraska Saturday, Dec. 1, 2012, in Indianapolis. (AP Photo/Michael Conroy)

Wisconsin running back Montee Ball (28) fends off Nebraska cornerback Ciante Evans (17) on a 57-yard touchdown during the second half of the Big Ten championship NCAA college football game Saturday, Dec. 1, 2012, in Indianapolis. (AP Photo/Michael Conroy)

Nebraska fans watch the second half of the Big Ten Conference championship NCAA college football game between Nebraska and Wisconsin on Saturday, Dec. 1, 2012, in Indianapolis. (AP Photo/Michael Conroy)

Wisconsin running back Montee Ball (28) runs out of the tackle attempt by Nebraska cornerback Ciante Evans (17) on a 9-yard touchdown run during the second half of the Big Ten championship NCAA college football game Saturday, Dec. 1, 2012, in Indianapolis. (AP Photo/Michael Conroy)

Wisconsin tight end Sam Arneson (49) celebrates with Travis Frederick (72) after Arneson caught a 3-yard touchdown pass during the first half of the Big Ten championship NCAA college football game against Nebraska, Saturday, Dec. 1, 2012, in Indianapolis. (AP Photo/AJ Mast)

(AP) ? Montee Ball and Wisconsin are heading back to the Rose Bowl after an overwhelming performance the Badgers hope will make people forget they finished third in their division.

Ball rushed for 202 yards and three more touchdowns Saturday night, leading the Badgers to a 70-31 rout of No. 14 Nebraska for a third straight Big Ten championship and a third consecutive trip to the Rose Bowl.

All Ball and his teammates wanted was an opportunity to show critics who claimed they didn't belong in the league title game that they were wrong.

"We kind of set our minds before the game that this is our game," Ball said. "The running backs were going to set the tempo."

Did they ever?

Ball ran for 202 yards and three touchdowns, broke the Football Bowl Subdivision career rushing touchdowns record, tied the FBS record for most games with two or more scores, topped the 5,000-yard mark and was named the game MVP.

Not a bad night for a guy whose numbers weren't even the best on the team.

Melvin Gordon opened the scoring with a 56-yard TD run and had a career-high 216 yards on nine carries. Three different Badgers threw passes, including running back James White who ran for 108 yards and four TDs and threw for a touchdown on the first pass of his college career.

It was the most improbable Big Ten title in Wisconsin's three-year run. The Badgers are the first five-loss team to reach the Rose Bowl, and became the first Big Ten school since Michigan in the late 1970s to earn three consecutive tickets to Pasadena, Calif.

"As my AD tells me all the time, you haven't one won yet," coach Bret Bielema said. "We're going out there to win. That's the mission, and I appreciate all the fans coming out to Madison East."

Indiana has quickly become a second home for the Badgers.

Wisconsin is the only Big Ten team with a win at Lucas Oil Stadium and has now won 10 straight in the Hoosier State. It played three games in Indiana this season, rushing for 1,570 yards and 19 TDs while outscoring opponents 170-59 in those three games.

But Saturday was the biggest night of all.

For the first time in school history, the Badgers had two 200-yard rushers. They finished with the fourth-highest rushing total in school history (539) and tied a conference championship game scoring record. Texas also scored 70 points in the 2005 Big 12 championship game.

Nebraska hadn't allowed 70 points since a 76-39 thrashing by Kansas In November 2007. The loss ended the Cornhuskers six-game winning streak, which began after a 63-38 loss to Ohio State, and the 'Huskers simply had no answers.

"What do you do? What is defensive football," Nebraska coach Bo Pelini said before calling the season a failure and apologizing for not bringing home a league title. "It's play your gaps, handle your responsibility, be where you're supposed to be and make tackles, and we did none of the above.

It was a fitting end to a wacky Big Ten season.

Wisconsin (8-5, 4-4) only reached this year's because Leaders Division champion Ohio State (12-0) and division runner-up Penn State (8-4) were both ineligible for postseason play.

But on Saturday the Badgers took advantage of their good fortune by piling up 639 total yards in total offense.

The defense dominated, too. In the first half alone, Taylor Martinez was sacked three times, fumbled twice, losing one and had an interception returned for a touchdown. He finished 17 of 33 for 184 yards with two interceptions and six sacks. He also rushed 19 times for 140 yards, scoring on a nifty 76-yard run, but fumbled twice.

Bielema countered by emptying the playbook and running right over the Nebraska (10-3, 7-1).

"We practiced some of them (trick plays) for a while," Bielema said. "There's probably a couple we haven't used yet either and they'll remain a little secret. James wanted to be recruited as a quarterback all along, so finally had that opportunity to show up out there and just a lot of different things. Our kids had a little bit of fun with it, but it was still the meat and potatoes that got us to where we were. "

The onslaught started fast.

Gordon took the ball on an end around, made two cuts and sprinted 56 yards for a 7-0 lead on the fourth play of the game.

On the next offensive play, a falling Kenny Bell tipped Martinez's pass up in the air and Wisconsin's Marcus Cromartie picked it off and raced 29 yards. It was already 14-0 after only 2:07 in.

The 'Huskers finally counterpunched with Martinez's long run and then got a 32-yard field goal to make it 14-10.

Then the Badgers opened things up.

With the ball on the right hash, they sent seven players to the left hash and had Curt Phillips throw a pass to Derek Watt on the right. After two more conventional runs, White ran two plays out of the Wildcat formation, scoring on the second one from 9 yards to make it 21-10.

White scored again on 1 -yard plunge right after Phillips caught a 27-yard pass from receiver Jared Abbrederis. And after Ball's record-breaking touchdown dive made it 35-10, Gordon went 60-yards on an end around to put the ball at the Nebraska 3 with 6 seconds left in the half. This time, White lined up in the Wildcat ran right lobbed a 3-yard TD pass to Sam Arneson for a 42-10 halftime lead.

"Shock doesn't even begin to explain it," Pelini said. "It was like a leaking boat. It was one thing after another, one problem after another. There were some things that we corrected and then it happened again. I've never been a part of a game like that as a coach. "

Things got even worse in the second half.

Wisconsin picked off Martinez again on the opening possession, and Ball scored on a 9-yard TD run on the next play.

Martinez answered with an 11-yard TD run, but Ball scored on a 57-yard run and White followed that with a 68-yard TD run to make it 63-17 with 6:42 left in the third quarter.

"We felt like we had a big statement to make on a big stage," Ball said. "We just wanted to make sure that we executed."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2012-12-02-FBC-Big-Ten-Championship/id-44a68bc732dd4c828daedc8e6026abf9

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Saturday, December 1, 2012

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)Apple released its newest version of iTunes yesterday, and it's a complete overhaul to the entire program. As you'd expect, that means there's a few cool (somewhat) hidden features. Here are a few we've found especially helpful.

With any new iteration of software you're bound to have a bit of a learning curve as you get used to it. iTunes 11 is no different and the first thing you're greeted to when you launch it is a completely different main screen. The big news with iTunes 11 is the new interface, but hidden beneath that is some pretty cool functionality you might not notice at first glance.

Yes, You Can Get the Old iTunes Look Back (Sidebar and All)

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)Let's start with what we're guessing is most people's main gripe: it looks different. It's true, it does, and if you're not a fan of browsing your music library with giant covers, and navigating drop-down menus, iTunes 11 is a bit annoying. The good news? You can get the old look back:

  • Get the sidebar back by clicking View > Show Sidebar (or hitting Alt+Cmd+S).
  • Get the status bar back by clicking View > Show Status Bar (or hit Command+/).
  • Click Songs in the top bar, and sort by Artist for the traditional list view.

Now, iTunes 11 should look about the same as iTunes 10.

Scan iTunes Gift Cards with Your Camera

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)Entering in the code from a gift certificate is always a bit annoying. With iTunes 11, all you need is a camera:

  • Head into the iTunes Store, and Click "Redeem" at the bottom of the screen under the "Manage" list (or click this link)
  • Click "Use Camera"
  • Hold your gift card up to the camera and wait for it to register.

That's it! No more fumbling around typing a random string of letters and numbers together.

Expanded View Replaces Cover Flow

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)Cover Flow is gone in iTunes 11 and it's replaced with the new "Expanded View." When you're viewing your library by Albums, simply select an album, and you get an expanded view right there with all the album info. It works a lot better than Cover Flow and makes it so you can quickly view album info without leaving the place you're at. You can either click the album art again, or the "X" in the right corner to make it go away.

Also, a fun fact: Expanded View uses the album artwork as a background for the view (see image at right), so it creates a different background for each album. You can disable this if you want under iTunes > Preferences > General Preferences. Just uncheck the "Use custom colors for open albums, movies, etc" box.

The "Up Next" Feature Is Actually Awesome

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)Ever have those moments where you're listening to a song and it reminds you of another song? You don't want to stop the song playing, but you do want to cue up the song you're thinking of. That's what "Up Next" lets you do. Instead of creating playlists for everything, you can create on-the-fly playlists of songs or albums.

You can do this from anywhere. Just right-click an album, artist, or song, click "Add to Up Next" and it's added to the queue. You can also click "Play Next" instead to add it to the top of the queue. To see what's in your queue, click the list button in the middle of iTunes, and to view the previously played tracks, click the little clock icon. "Up Next" replaces iTunes DJ/Party Shuffle, so if you're looking for those, you won't find them.

Your Place Is Now Saved Across Devices

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)If you use a bunch of Apple products, say, an iPhone, iPad, and iPod Touch, one of the best new features in iTunes 11 is that it saves your progress in your media across all devices through iCloud. So, if you pause a movie, TV show, podcast, audiobook, or iTunes U file on your desktop, you can pick up right where you left off on another device.

MiniPlayer Is More Functional

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)In older versions of iTunes, the MiniPlayer didn't do much except allow you to pause or skip tracks. Now, MiniPlayer allows you to search for new tracks, add new songs to the "Up Next" queue, and even control AirPlay volume.

To enable MiniPlayer, just click the window icon in the top right corner and iTunes will shrink down. When you mouse over the window, you can control playback or search for new tracks. Otherwise, it displays the currently playing track.

Preview History Tracks What You Listen to In the Store

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)The iTunes Store now tracks everything you listen to in its preview history panel. When you're in the store, click the list icon in the top right corner, and you're shown all the stuff you listened to recently. You can hit "Clear" to get rid of everything in the list Also worth noting is that provided you're signed in with iCloud, your previewed tracks on all your devices will sync here. So, if you preview a song on your iPhone, it will show in your preview history in iTunes.

Search Is Now Universal

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)This isn't the most earth-shattering of news, but in iTunes 11 you have two main search areas: the store and your library. That's it. In previous versions you had to search separately for video, music, or podcasts. Now, it searches your entire local library, or the iTunes store for everything.

Also nice is the instant search results you get. Start typing a search, and iTunes starts delivering you results. Select what you want, and you're taken there directly. It's simple, but it works really well.

Apps Get a List View for Easy Trimming

How to Use iTunes 11's Awesome New Features (and Bring Back the Old iTunes Look)One of the most annoying things to do in older versions of iTunes was trimming down the apps downloaded on your computer. You had to do it in the Apps panel with large icons that seemed to take forever to load. Now you can do it with in a List View, and it supports the same basic sort options you get with music (Date Added, Purchase Date, Size, etc).

All you need to do is select the Apps tab, then click "List." This should come in really handy when you're cleaning out old apps you don't use anymore. Reader shafnitz points out this view has been around a little while, but if nothing else it's more prevalent now.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/ic6yTwp-Kkw/how-to-use-itunes-11s-awesome-new-features-and-bring-back-the-old-itunes-look

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Writer and director Bix Skahill details screenwriting | The Missouri ...

For decades, it has been assumed that a degree from Missouri S&T can only yield a successful career in engineering. While the overall public mindset has remained relatively the same, more and more efforts are being spent on revealing the humanitarian side of S&T. A specific example of this action received a lot of attention on Monday, November 12, as engineering and non-engineering students alike gathered in room 201 of the Humanities-Social Sciences building to listen to screenwriting tips from Bix Skahill.

Skahill is an accomplished writer and director of film and television that works out of Minneapolis, Minnesota. Dr. Kristine Swenson, a professor and the Department Chairman of the English and Technical Communication department at Missouri S&T, contacted him to see if he would speak on campus about his path to writing and directing success. Dr. Swenson explicated the motive behind his presentation, saying, ?Bix is a friend of mine from Iowa, and I knew that he would be a fun but also a substantive speaker?. We actually tied his two talks to several different classes.?

Although the talk about how to write a screenplay was open to the public, it actually took place during Dr. Swenson?s class so that the substance of Skahill?s talking points were sure to be understood but also helpful to students. Skahill?s job is to entertain, so interested students knew to expect a lively presentation. Skahill referenced many basic writing strategies, free from over-analysis and literary breakdown. While simple, he did a remarkable job comparing the elements of writing novels, and the strategy involved with synthesizing a successful screenplay. As Skahill mentioned in his presentation, there are parallels between every form of writing; tips on the beginning stages of screenplays are sure to benefit fiction authors, poets, or aspiring directors in some way or another.

Inquisitiveness was the mood of the room that Monday night, and there was a clear representation of the curiosity surrounding such an exotic form of writing. Screenplays are condensed and packed to the brim with the intense description of plot action. This was the biggest surprise for Tim Schmitt, a first-semester freshman who is still undeclared in his major. Schmitt attended the lecture on his own purely out of interest, and he took specific notice of the irony incorporated with the job of screenwriting. He explained his concern; ?I think that there would be few jobs more enjoyable than a thriving career in writing and directing film or television. However, no matter how creative or expressive that I may be, it is never guaranteed that what I write will be accepted and actualized.? Schmitt continued to say that engineering is a more financially secure career path, but admitted that a true love for expressive writing will never be muffled by industry jobs.

In the spirit of university anxiety everywhere, Skahill touched on this very precariousness of screenwriting. In tough economic times, the focus of everyone, especially college students, is to find a job. Larger amounts of people are graduating from school each year, and as they look for careers, Hollywood, corporations, and firms all have to say ?no? more often. It is a hard reality to accept, but a foolish one to ignore. In spite of this, with the help of Dr. Swenson and many like her at Missouri S&T, students are being presented with increasing opportunities to receive professional advice and technique across all disciplines.

Source: http://mominer.mst.edu/2012/12/01/writer-and-director-bix-skahill-details-screenwriting/

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Palestinian Legal strategy against Israel: The Real Prize is Europe ...

The United Nations General Assembly voted overwhelmingly to accord Palestine the status of ?Observer State? on Thursday, with 138 countries voting in favor of the measure, 41 abstaining, and only 9 voting against. The US and Israel were decisively marginalized, as Italy and Sweden joined France, Spain, Portugal, Ireland and several other European countries in voting for the new status. Continental Western Europe and Scandinavia were almost unanimous in supporting the Palestinians, in a kind of declaration of independence from the Obama administration. Even Germany, which for historical reasons is typically reluctant to buck Israel, voted to abstain rather than to oppose.

From the Israeli press, it appears that many government and press figures are absolutely stunned and in a state of angry disbelief over the magnitude of this diplomatic defeat. The Israeli Right wing is so out of touch with how its aggressive policies are seen by the outside world and so self-righteous and arrogant that it even launched a Facebook page urging a boycott of Israeli supermodel Bar Rafaeli merely for tweeting during the recent Gaza war, ?I pray for the safety of the citizens on both sides and for the day when we will live in peace and harmony. Amen.? Caring about human beings from the other side, or praying for peace are apparently verboten in ?Strong Israel.? (Somehow I think Ms. Rafaeli?s fan base is secure, inside and outside Israel).

How the World voted:

Green: In favor; Red: Against; Yellow: Abstain; Blue: Absent; Grey: Non-Members

The UNGA vote will not have a big immediate effect on the lives of Palestinians toiling under Israeli occupation. But over time, if the Palestinian leadership deploys it wisely, the new status could have an incremental effect, especially affecting Israel?s relationship to Europe. Europe itself now has the opportunity to play the kind of honest broker between the two sides that the US pretended to but almost never did (Jimmy Carter a partial exception).

Many European countries have elevated the Palestine mission in their capitals to the status of full embassy. Palestine?s new status as UN observer state could well become a basis for it being given further embassies in Europe. Being an embassy rather than a mission strengthens the legal status of Palestine, including in national courts and EU tribunals.

Israel?s economy is deeply dependent on its relationship to Europe, the largest single source of imports into Israel and the second-largest market for exports (after the United States). European investment in Israel is also significant, as are various agreements giving Israel access to European technological advances and promoting scientific and technological exchange.

The European Union imports 15 times more goods from Israeli setter enterprises in the Occupied West Bank than from the Palestinians themselves. Europe is therefore a major, hidden support for Israeli crimes against the Palestinians.

Much speculation has focused on whether Palestine will attempt to take Israel to the International Criminal Court, getting specific Israeli officials or officers indicted for war crimes or crimes against humanity. Such cases may well be brought, and if successful might more or less imprison the individual inside Israel, since traveling abroad would risk arrest by Interpol.

But actually, gaining the standing to provoke resolutions and statements from various United Nations bodies and committees is also important. Such documents can then be cited in the European Parliament and in national parliaments in Europe. Over time, a latticework of human rights law on the treatment of the Palestinians can be erected that might well cause Europeans to boycott settler-made goods or even Israel proper (after all, the settlers are being sent into Palestine by the Likud government). One Israeli strategy over the years has been to attempt to prevent the creation of such a body of resolutions, findings, and judgments (the US veto on the Security Council and the lack of Palestinian standing as a state to bring matters before the UNGA both aided in this Israeli quest for impunity).

A big problem with international law, such as the Geneva Convention on the treatment of Occupied populations (1949), the Apartheid convention, etc., is that they typically do not have attached to them any court in which a practical judgment of guilt can be rendered. The European Court of Human Rights and the International Criminal Court are steps toward achieving such arenas of adjudication for claims of rights violation. But the European Court of Human Rights, e.g., has no mechanism for enforcing its rulings.

It seems to me that any court rulings against Israel will have their major effect through providing a basis for civil society organizations (unions, businesses, associations, NGOs) and parliaments to punish Israeli war crimes, Apartheid crimes, and crimes against humanity through boycotts. Over time, such steps could begin having a major impact on settler enterprises and even on the Israeli economy itself (which is fragile and highly dependent on foreign trade with Europe, since its goods are often shunned in the Middle East).

An example is the recent demand of the youth wing of the Swedish Social Democratic Party that Sweden boycott all settler-made goods. (Sweden, a little unexpectedly, voted for the UNGA resolution yesterday). If such demands proliferate, and the next generation of Europeans feels so strongly on this issue, the settlers could end up bankrupted.

How this could work is clear on a small scale is apparent in the 2010 European Court of Justice ruling that goods from the Occupied West Bank do not fall under the European Union?s preferential trade provisions for Israeli goods. What is important here is that German authorities declined to allow the British firm Brita to import mineral water tariff-free into Germany because they believe it originated with a settler company in the West Bank. The German decision was upheld by the ECJ.

Expect to see more such decisions by governments in Europe, and by its courts. The Palestinian victory at the UN will likely begin creating a whole set of new opportunities for the Palestinians to make their case in the most important Israeli market.

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Source: http://www.juancole.com/2012/11/palestinian-legal-strategy-against-israel-the-real-prize-is-europe.html

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Dundee deals keep TD rolling in the green | FP Street | News ...

The next time an executive from the Dundee group of companies meets with an executive from TD Securities for lunch, both should insist that the banker pays.

The reason: through its seemingly never ending flow of equity financings the three realty companies within the Dundee group ? Dundee REIT, Dundee International REIT and Dundee Industrial ? have made significant contributions to the profit pool at the dealer and to its retail brokerage network given that TD Securities was the lead manager/book runner on all the financings. Now the issuer may demand a little quid pro quo.

According to calculations done by Financial Post Data, the three issuers have completed six equity financings this year raising about $1.034-billion (with another $200-million of deals announced but not closed.) Dundee REIT has done two deals for ($580.80-million); Dundee International three ($275.4-million) and Dundee Industrial one ($178.3-million.)

All those deals were treasury offerings except for the $155-million initial public offering of Dundee Industrial REIT. That issuer, which was created because of the perceived void for real estate based on industrial properties, was back in the markets Wednesday with a two part deal: $125-million of equity and $75-million of convertible debentures.

The completed treasury financings come with a 4% fee which was moved up to 5.25% in the case of the IPO. Overall, the Dundee group (after making some assumptions about the two current deals) has paid $52.31-million in agents fees this year. Given that TD has around a 30% liability for each of the deals, the bank has been paid $14.47-million for its underwriting services. Scotia Capital received $10.64-million in fees from Dundee. Of course that $14.47-million doesn?t flow to the investment banking group: the firm?s retail brokers also receive a fee for placing the new issue stock

A similar story prevailed in 2011: Dundee REIT raised $629-million equity on four deals while Dundee International completed its initial public offering with $310.5-million of equity and $161-million of convertibles. In all the group raised $1.1-billion. TD was lead on those five deals. In 2010, Dundee REIT completed or announced five deals that raised $577.6-million.

Andrew Phillips, head of the real estate group at TD Securities, said his firm ?has a broad and deep relationship? with Dundee having led all their deals since Dundee converted to a REIT in 2003,?

But his relationship with Micheal Cooper, chief executive at Dundee REIT goes back to the mid-1990s. ?We have done lots of business over the years. They are a great client,? said Phillips noting that about 20% of all equity capital raised this year have been in the form of real estate financings. In total more than $6-billion has been raised for real estate issuers.

But Phillips doesn?t take anything for granted. ?We are fortunate that they are a TD client. A number of the banks also have great clients as well.?

Indeed, if TD can continue its close relationship with the Dundee Group, big paydays will continue. This week, Dundee REIT filed a short form prospectus allowing it to borrow $2-billion in either equity (units) or debt including convertibles, over the next 25 months.

Dundee couldn?t be reached for comment but it?s known that it also values the relationship, which it views as a partnership, because it has worked well for many years.

Given the benefits to both sides of the TD/Dundee relationship, one debate among underwriters is the merits of having a stable of clients that are frequent issuers even if the average deal size is relatively small compared with having a few clients which are irregular but large issuers. It used to be said that the foreign firms used to target the latter, the so-called Big Elephants, because of their ability to access the U.S. and international markets. While that may be true for the large corporate debt deals, over time it has become less true for equity financings.

Here are two other valuable clients:

? Crescent Point Energy Corp. The Calgary-based company has completed two major deals this year: in March it raised $604-million and followed up with a $750-million financing earlier this month. On deals, the fee was meaning 4% meaning that the syndicate split $54.16-million.

? Brookfield Asset Management. This year companies within the group have been to the market on six occasions and raised $1.366-billion, the bulk of which ($1.25-billion) has been in preferred shares. Those deals have generated $42.245-million in fees. That issuer has a different arrangement with its underwriters: it has been three joint lead managers ? Scotia, RBC and CIBC ? which each received $7.25-million.

Source: http://business.financialpost.com/2012/11/29/dundee-deals-keep-td-rolling-in-the-green/

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Today on New Scientist: 30 November 2012

Dinosaurs might have once gazed into the Grand Canyon

It had been thought that the canyon formed 6 million years ago, but now two geologists say it is actually closer to 70 million years old

Saturn's rings may double up as a moon factory

A new model suggests Saturn's famous rings spawned the planet's moons. Could the mechanism explain the moons of Uranus, Neptune and even Earth?

Gaming the future: the best of 2012

New Scientist looks back at the video games that explored the boundaries of science and technology this year

Friday Illusion: Mystery mirror reveals missing banana

A prize for the first person to figure out how a strange mirror image remains in view

Syria again disconnects nation from the internet

Once again, the Syrian government appears to have pulled the plug on the internet, cutting off its citizens from the rest of the world

Crowdfund your area's projects one brick at a time

As the recession bites and budgets are cut, websites are springing up that allow citizens to club together to fund everything from parks to bridges

Omniphobia: the stuffs that stick at nothing

Whether it's water, oil, ketchup or ants, materials that repel everything that touches them are on the way, says Jessica Griggs

Feedback: Commas in breach of copyright

Why these words break the law, impure apples, Google rewrites the history of everything, and more

A quantum of... We want to see your movies!

The deadline for the Quantum Shorts Film Competition is hard on us and we've already had some amazing entries - submit yours before Sunday

LHC sees hint of high-speed particle pancake

Purely by accident, the Higgs-boson-hunting Large Hadron Collider may have stumbled upon a rare state of matter called a colour-glass condensate

Social bee-haviour: The secret life of the hive

Bees have a brain the size of a pinhead, yet their daily activities rival the range of behaviours seen in many mammals

Florida pet spa mystery link to China's great firewall

China's censors have innovative ways of stopping its citizens accessing banned websites, including poisoning internet servers

Giant tortoises bounce back in the Galapagos

A slow and steady rescue mission has seen the population of the iconic creatures on Espa?ola Island leap from just 12 into the thousands

Messenger finds hints of ice at Mercury's poles

The innermost planet of the solar system could harbour a small polar habitable zone - but the chances of finding life there are remote

Projections of sea level rise are vast underestimates

Estimates made by the Intergovernmental Panel on Climate Change in 2007 were wildly wrong

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