Thursday, July 31, 2014

Argentina default hammered dow down more than 300 points

Wall Street hammered, Dow down more than 300 points

The Dow Jones Industrial Average ended Thursday down 1.87%, at 316.80 points in the red. The drop wiped out all but a tiny fraction of the major average’s gains for 2014, and put an end to a five-month winning streak for stocks.

Dow tanks on Argentina debt default, other fears


Dow tanks on Argentina debt default, other fears

USA TODAY-16 minutes ago
Financial markets went into a tailspin Thursday after Argentina defaulted on its debt, raising fears among skittish investors already fretting over ...
Argentina slides into default as debt talks fail
-Wall Street Journal-2 hours ago
 

Dow tanks on Argentina debt default, other fears

293 280 9 LINKEDIN 29 COMMENTMORE
Financial markets went into a tailspin Thursday after Argentina defaulted on its debt, raising fears among skittish investors already fretting over weak corporate earnings growth, rising interest rates and an aging bull market.
Argentina's blue chip Merval Index was among the biggest losers, sinking 7% — the equivalent of a 1,000-point drop in the Dow Jones Industrial Average.
The Dow sank 317.06 points to 16,563.30, a two-month low. The 1.9% drop is the blue chip barometer's third-biggest daily decline this year and the worst since a 267-point loss April 10. Selling intensified as selling momentum picked up in afternoon trading.
Broader averages were also hit hard. The Standard & Poor's 500 fell 2% to 1930.67, a six-week low. The Nasdaq lost 2.1% to 4369.77 and the Russell 2000 was off 2.1% to 1148.
With the losses, a five-month string of Dow and S&P 500 Index gains will end with July's last trading session.
European markets also fell sharply, with Germany's DAX index tumbling 1.9% to 9407.48, France's CAC 40 losing 1.5% to 4246.14 and Britain's FTSE index off 0.6% to 6730.11.
MARKETS: Argentina's stock index sinks 7% on default fears
DEFAULT: 5 things to know about Argentine debt crisis
The main catalyst was Argentina, which defaulted on some of its debt for a second time in 13 years.
In a bitter fight with U.S. hedge fund Elliott Management, a breakdown in talks between Argentina and U.S. creditors late Wednesday over a missed debt interest payment sent the country into default.
But global markets were under renewed pressure over economic growth and weakening corporate earnings and in Europe, the potential impact of harsher U.S. and European sanctions against Russia.
Quarterly corporate reports also roiled the broad market. Dow component ExxonMobil dropped nearly 3% to $100.20. The energy giant bested second-quarter expectations with a 28% gain in net income, but said oil and gas production fell 5.7% to its lowest levels since 2009.
Some investors believe Argentina's woes provided an excuse to sell stocks before a long-awaited correction causes more damage. The Dow has gone 33 months without a correction of at least 10%. Since World War II, there has been sell-offs of at least 10% once every 20 months.
Liz Ann Sonders, market strategist for Charles Schwab, told CNBC that Argentina's woes were not the chief reason for Thursday's down draft. Bullish sentiment has somewhat weakened due to weak European economies and fears that the Federal Reserve will hike interest rates sooner than some expected. Given the market's protracted gains, the stocks could be due for a correction, but in market is not overvalued, Sonders said.
WHAT TO WATCH: 6 Argentine stocks to keep an eye on
ARE YOU EXPOSED? : ETFs with the biggest bets on Argentina
Thursday's stock slide comes a day after the Commerce Department reported second-quarter growth rose at a seasonally adjusted 4% rate, exceeding consensus expectations. But that fueled renewed fears fof higher interest rates, which could clip stocks.
"Good news is getting to be bad news again," says Jack Ablin, chief investment officer at BMO Private Bank. "The GDP report is obviously good news, so why are stocks off? Because people are wondering when the party will come to an end."
One bright spot: crude oil prices continue to slide. Benchmark West Texas Intermediate slipped 2.2% to $98.04 a barrel. Brent crude eased 0.3% to $106.18.
Contributing: Associated Press
293 280 9 LINKEDIN 29 COMMENT

No power in Gaza: No Social Media out of Gaza

I learned about this as I drove in my truck today with my CNN Sirius Satellite connection as a direct feed from CNN TV verbally.

So, basically when Israel silenced the only Electrical power station for Gaza likely the reason for doing this was silencing the Social Media war. Likely, Hamas was counting on non-Hamas civilians to  write or text or make phone videos or pictures of their plight to send to friends and interested parties around the world. Now that cannot happen unless they happen to have solar panels or gasoline or diesel generators to charge their phones and computers and Ipads to actually communicate in any way with the outside world.

Also, sewage and water cannot be pumped, anyone who needs power to stay alive cannot stay alive, and if it is hot people will just swelter and die in the heat wherever they are.

So, I have many different ways to look at this because Israel is fighting for it's survival against a terrorist group-Hamas that plans to kill every single Israeli if they can. So, because of this most Arab Nations have turned against Hamas because many Arab Sunni nations have decided that being allies with Israel against Iran is better than supporting a terror group that is trying to kill every Israeli alive.
So, most Arab states now consider Hamas unrealistic and crazy and only dangerous to the survival of most other Sunni Arab states. So, they would rather survive themselves rather than help Hamas in it's unrealistic goals.

In the end is it really realistic to end Israel or is it realistic that Hamas' days are numbered? Do the math. However, in the end Hamas might be like Al Qaeda where some always are there with the same goals.

The other interesting thing in all this is where does ISIL Stand? With Israel along with Saudi Arabia and other Sunni nations and against Hamas? or does ISIL stand with Hamas against Israel? I haven't heard one way or the other to make sense of all this.

Later: I think I have my answer to this question. I was walking with a friend who is an investor since it was a beautiful day here at about 75 to 77 degrees Fahrenheit. I asked him this question and he said, "Who is funding ISIL?" I said, "Saudi Arabian private citizens and private citizens from all Sunni Countries." HE said, "I think you have your answer." In other words ISIL does the bidding of it's Sunni investors in Saudi ARabia and all other rich Sunni countries. And Saudi Arabia is allies with ISrael against Iran and Syria (likely against Iraq Shias too).

So, here likely is the truth: Israel, Saudi Arabia and most other Sunni nations are all allies along with ISIL which is more of a assassination squad of anything Shia more than anything else towards the destruction eventually of Assad, Iran and the Shia government of Iraq. Whether this happens or not remains to be seen.

However, Iran and Qatar funds Hamas to destroy Israel. So, we will see how all that goes too.

In the meantime unless Israel can find a way to put an end to Gaza tunneling I don't think that they can afford to end this thing until they do.

GE's Retail Finance Arm Raises $2.9 Billion in IPO

GE's Retail Finance Arm Raises $2.9 Billion in IPO

New York Times - ‎17 hours ago‎
General Electric's retail lending arm, the financial power behind the private-label credit cards for the Gap and Amazon.

G.E.’s Retail Finance Arm Raises $2.9 Billion in I.P.O.



Photo
Credit
General Electric‘s retail lending arm, the financial power behind the private-label credit cards for the Gap and Amazon.com, raised about $2.9 billion in its initial public offering on Wednesday, as the industrial conglomerate moves to shrink its once-enormous finance division.
The business, now known as Synchrony Financial, priced its shares at $23 each, at the low end of its expected price range. That values the newly independent company at $19.1 billion.
One reason why underwriters priced the offering at the low end of the range was because comparable publicly traded companies, including Discover Financial, also traded down during the road show for investors, people briefed on the matter said. Still, the offering was oversubscribed.
Synchrony’s I.P.O., the largest in the United States so far this year, constitutes one of the biggest steps yet by G.E. to reduce its dependence on GE Capital. The division was once the biggest driver of its earnings, but ultimately wounded the business titan during the financial crisis. G.E. has since moved to shed assets outside its core industrial and health care businesses.
Synchrony, whose roots date to 1932, has long been seen within G.E. as a nonessential part of GE Capital. It is the biggest provider of store-branded credit cards in the country, having financed $93.9 billion in sales last year. The business earned nearly $2 billion in profit, atop $11.3 billion in revenue.
Yet the stock sale will not end G.E.’s ties to the business. The conglomerate is not selling any shares in the I.P.O. and will retain a roughly 85 percent stake in Synchrony until late 2015.
Synchrony is expected to begin trading on the New York Stock Exchange on Thursday under the ticker symbol SYF. Its stock sale was led by Goldman Sachs and JPMorgan Chase.

end quote from:

GE's Retail Finance Arm Raises $2.9 Billion in IPO

 

I would like to tell a true story that for me is still kind of "beyond belief" but it is still true. First, in 2003 my wife and I bought a motor home and financed it through GE finance. Then during the Great Recession GE needed to divest itself of most of it's loans to stay solvent so it sold many many loans (including ours) to the highest bidder. However, then it becomes problematic. As long as we made our payments it was okay. However, if we wanted to pay off our loan (which we did) it was impossible to contact that lender or even talk to anyone there. It was impossible to contact them through phone or internet and get any response at all. Finally, through our business manager and accountant we got our loan paid off. But, the loan company still hasn't given us title to our motor home even though it is completely paid off and we still are having problems having them give us title to our motor home from a completely paid off loan. But, now the motor home is 11 years old and we are thinking of selling it and can't because we can't seem to get a clear title even though it is completely paid for. This is just one of the crazy things that came out of the Great Recession for my family.  You likely have your own crazy stories like this to tell as well.

 

Filipinos told to leave Libya after beheading of worker and gang rape of nurse

Filipinos told to leave Libya after beheading

Aljazeera.com - ‎5 hours ago‎
The Philippines has dispatched its foreign secretary to oversee the evacuation of 13,000 citizens from Libya after a Filipino construction worker was beheaded and a nurse gang-raped there.
Fighting in Libya threatens Western efforts to help its democracy
Manila to evacuate 13000 amid Libya clashes

Ebola-Stricken American Doctor Has Taken 'Turn for the Worse'

Ebola-Stricken American Doctor Has Taken 'Turn for the Worse'

ABC News
6 minutes ago

Written by
Sydney Lupkin

An American doctor being treated for Ebola in Liberia has “taken a slight turn for the worse overnight,” according to Samaritan's Purse, an evangelical Christian Charity based in North Carolina.
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Ebola-Stricken American Doctor Has Taken 'Turn for the Worse'

PHOTO: Dr. Kent Brantly is shown in this 2013 photo provided by JPS Health Network
An American doctor being treated for Ebola in Liberia has “taken a slight turn for the worse overnight,” according to Samaritan’s Purse, an evangelical Christian Charity based in North Carolina.
An "experimental serum" to treat the virus arrived for the two infected Americans, but there was only enough for one person, according to Samaritan’s Purse.
Dr. Kent Brantly, who noticed his Ebola symptoms and quarantined himself last week, offered the dose to the other infected American, Dr. Nancy Writebol.
PHOTO: Dr. Kent Brantly was treating Ebola patients in Liberia when he tested positive for the deadly virus.
ABC News
PHOTO: Dr. Kent Brantly was treating Ebola patients in Liberia when he tested positive for the deadly virus.
Both Brantly and Writebol remain in “stable, but grave condition” according to the statement.
“However, Dr. Brantly received a unit of blood from a 14-year-old boy who had survived Ebola because of Dr. Brantly’s care,” Franklin Graham, president of Samaritan’s Purse, said in a statement. The young boy and his family wanted to be able to help the doctor that saved his life.”
Samaritan’s Purse is currently evacuating all but the most essential members of its organization from the region because of the outbreak.
While none of those infected landed in the U.S., the chance of that occurring is a growing concern for health officials.
end quote from:

Ebola-Stricken American Doctor Has Taken 'Turn for the Worse'

 

Five Israelis wounded by mortar fire near Gaza border

LIVE UPDATES: Five Israelis wounded by mortar fire near Gaza border; two ...

Haaretz - ‎14 minutes ago‎
Kerry: 'No promise of cease fire in Gaza; Netanyahu says tunnels will be destroyed, wither way; UN rights chief blames both sides for war crimes; ministers order military to press on with Gaza op.
This war was supposed to 'isolate' Israel. Instead, the opposite happened - by Jonathan Kay
Gaza toll hits 1374 on day 24 of conflict
The images missing from the Gaza war
Israel vows to destroy Hamas tunnels
2014 Israel–Gaza conflict

LIVE UPDATES: Five Israelis wounded by mortar fire near Gaza border; two injured by rocket in Kiryat Gat

Kerry: 'No promise of cease fire in Gaza; Netanyahu says tunnels will be destroyed, wither way; UN rights chief blames both sides for war crimes; ministers order military to press on with Gaza op.

By | Jul. 31, 2014 | 7:42 PM | 3


Israeli armoured personnel carriers outside the central Gaza Strip. July 31, 2014.
Israeli armoured personnel carriers outside the central Gaza Strip. July 31, 2014. Photo by Reuters
As Israel's Operation Protective Edge entered its 24th day on Thursday, the security cabinet has ordered the military to press on with the offensive in the Gaza Strip, focusing on the destruction of Hamas' tunnel network.
An Israeli delegation traveled to Cairo on Wednesday for several hours of talks over Egypt’s efforts to broker a truce in Gaza. An official said Israel will continue to allow temporary humanitarian cease-fires in certain areas.
Three Israel Defense Forces soldiers were killed and 12 wounded on Wednesday afternoon in the Khan Yunis area of south Gaza, bringing the death toll in the military to 56. Three Israeli civilians have been killed in the current round of fighting.
In Gaza, the death toll in the Israeli operation has topped 1,360 according to Palestinian health officials. More than 6,500 Palestinians have been wounded in the Israeli strikes.
Palestinian President Mahmoud Abbas has declared Gaza a "humanitarian disaster area" and urged the international community to protect and provide relief to the battered enclave. In a letter to UN Secretary General Ban Ki-moon, he accused Israel of committing war crimes.
end quote from:

LIVE UPDATES: Five Israelis wounded by mortar fire near Gaza border; two ...

I'm not sure most of the world really understands what is happening here. First of all, the Gazan Palestinians are not in danger of imminent extinction in the next year or so but the Israeli's are because of present events there in the middle east. 

So, what is happening is a public relations campaign by a terrorist organization against Israel. And they might be succeeding at this by using (non-Hamas) civilians as human shields who are doing the dying there. (The civilians can't stand up to Hamas just like civilians in Mexico and Southern U.S. couldn't stand up to the drug cartels a few years ago. This was a primary reason 50,000 people died there and marijuana laws changed in the U.S. to prevent more deaths around the border.

So Hamas is functioning a lot like those Drug Cartels and likely is financed in a lot the same ways as drug cartels are too. So, understanding what is really going on here is Israel trying to not go extinct. The Gaza people dying mostly aren't even Hamas, so the whole thing is pretty horrific with Hamas digging tunnels under Israel and popping up everywhere and killing soldiers and civilians all the time. So, this likely isn't going to end ever until the tunnels and murders of Israelis ends. So, this means this horrific nightmare theoretically could go on for years. 

Later: Here is the problem as I see it. Let's say the Israelis get a really big back hoe or something like this and dig a trench 100 feet deep the length of Gaza (or any other border area they want to protect) even then with a 100 foot deep trench about 2 feet wide dug by a machine all Hamas would have to do is to go 200 feet deep past that 100 foot deep trench or they could go 120 feet deep and accomplish the same thing. As long as Israel doesn't have full control of Gaza or any other area or group that could do this it is going to be an ongoing problem to the survival of Israel as a nation.

Also, a two state solution would not be a solution because Hamas still would want to try to extinct Israel. This eventually might become true of ISIL too even though Saudi Arabia is an ally of Israel against Iran. So, this whole thing is kind of crazy in the beginning, in the middle and in the end.

Research Abstract on 4 year 5 month brooding Octopus off of California in a canyon

 
Research Article

Deep-Sea Octopus (Graneledone boreopacifica) Conducts the Longest-Known Egg-Brooding Period of Any Animal

  • Bruce Robison mail,

  • Brad Seibel,
  • Jeffrey Drazen
  • Published: July 30, 2014
  • DOI: 10.1371/journal.pone.0103437

Abstract

Octopuses typically have a single reproductive period and then they die (semelparity). Once a clutch of fertilized eggs has been produced, the female protects and tends them until they hatch. In most shallow-water species this period of parental care can last from 1 to 3 months, but very little is known about the brooding of deep-living species. In the cold, dark waters of the deep ocean, metabolic processes are often slower than their counterparts at shallower depths. Extrapolations from data on shallow-water octopus species suggest that lower temperatures would prolong embryonic development periods. Likewise, laboratory studies have linked lower temperatures to longer brooding periods in cephalopods, but direct evidence has not been available. We found an opportunity to directly measure the brooding period of the deep-sea octopus Graneledone boreopacifica, in its natural habitat. At 53 months, it is by far the longest egg-brooding period ever reported for any animal species. These surprising results emphasize the selective value of prolonged embryonic development in order to produce competitive hatchlings. They also extend the known boundaries of physiological adaptations for life in the deep sea.

Figures

Introduction

In April of 2007 we used a remotely operated vehicle (ROV) to inspect an isolated rocky outcrop, 1397 m deep, at the sediment-covered base of a sloping wall in the Monterey Submarine Canyon, off central California. We had visited the site several times before and knew it to be a location where females of Graneledone boreopacifica Nesis 1982, attach and brood their eggs. On this occasion we found no brooding individuals on the rock. However, on the sediment nearby we observed a solitary octopus moving slowly toward the exposed hard substrate.
When we returned to the site 38 days later, in May, 2007, we found the same individual octopus, easily identified by characteristic scars, up on the rock and guarding a clutch of attached eggs (Figure 1). Given this singular opportunity to measure the length of a brooding period from its inception, we returned to the site 18 times over the ensuing four-and-a-half years. Each time we returned we found the same octopus (Figure 2) clinging to the vertical rock face, arms curled, covering her eggs. Continuous growth of the eggs provided evidence that it was the same clutch throughout (Figure 3).
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Figure 1. Graneledone boreopacifica.
The subject female brooding her eggs on a nearly vertical rock face at a depth of 1397Neptunea amianta. Near the octopus are two Lithodid crabs and a non-brooding Graneledone can be seen above and to the right of the brooder. The mantle length of the specimen, when first encountered, was 21.2 cm.
doi:10.1371/journal.pone.0103437.g001
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Figure 2. Graneledone boreopacifica, identification marks.
Images of a brooding female over the course of 53 months, each showing the identifying scar on the web between arms R1 & R2. In each frame the characteristic scar is outlined by an oval. a, April, 2007, crawling across the sediment toward the brooding site. b, May, 2007, on the rock face, covering the recently deposited clutch of eggs. The arrow points to a circular scar on arm L1, which provides additional confirmation. c, May, 2009. d, October, 2009. The second arrow points to a scar on arm L2. e, December, 2010. f, September, 2011.
doi:10.1371/journal.pone.0103437.g002
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Figure 3. Plot of egg growth over time.
The continued growth of the eggs throughout the measurement period indicates that we were observing a single clutch. Because we did not wish to disturb the brooding female, only eggs at the periphery of the clutch were measured.
doi:10.1371/journal.pone.0103437.g003
In general, octopods are believed to cease or to greatly reduce feeding when they brood [1]–[4]. For Graneledone, there is no evidence that females feed while brooding [5]. Potential prey in the form of Lithodid crabs and Pandalid shrimps were frequently in close attendance around the brooding female that we monitored. However, the only interactions we observed were when she pushed these crustaceans away as they stepped within her watch circle. In laboratory brooding studies, the deep-living octopus Bathypolypus arcticus occasionally accepted food that was offered by hand [2]. But in situ, the brooding Graneledone ignored pieces of crab when we offered them to her with the manipulator of the ROV.
During the periods when we had the female under observation, she never left the eggs unattended; but our presence included only a small fraction of the protracted brooding period. While the proximity of our ROV was surely conspicuous because of its lights and vibrations, we never disturbed the brooder mechanically. On two occasions we used the reverse water flow of our suction sampler to gently lift the web between her arms so that we could view some of the eggs for laser-referenced size measurements. While she occasionally shifted her position slightly, or uncurled and lifted one or two arms, the female always remained centered over the clutch of eggs.

Results

The eggs of G. boreopacifica are elongate vesicles which taper to short stalks that the mother cements to hard substrate [3]. The chorion tissue comprising the vesicle allows the exchange of oxygen and thus maternal care is necessary to prevent fouling and suffocation [6]. Expansion of the chorion during development permits growth [7] but its pliability renders the capsule vulnerable to predation unless the eggs are protected. We measured the size of exposed eggs several times over the course of the brooding period (Figure 3). Egg capsule sizes started at 1.5 cm (length)×0.5 cm (diameter) and reached 3.3 cm×1.6 cm a month before hatching. By the 40th month the shapes of the young octopuses inside, were clearly apparent (Figure 4). Hatchlings of G. boreopacifica are the largest and most developmentally advanced coleoid cephalopod hatchlings known to date [7]. They emerge as virtual miniature adults, without a pelagic juvenile phase [7].
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Figure 4. Close-up of the egg capsules in December, 2010.
In month 43, the mantles of the embryos can be seen in the apex of each capsule and their dark eyes are apparent.
doi:10.1371/journal.pone.0103437.g004
When the brooding female was first observed on the seafloor adjacent to the rock outcrop, the skin of her mantle was highly textured and pallid purple in color; when she began brooding it became pale, almost white. Indeed, on several occasions as the ROV approached the rock, the first thing visible was the pale body of the brooder, standing out against the dark background. Signs of advancing senescence [3], [5] included diminishing size and tumescence of the mantle, loss of skin texture, cloudy eyes, slack skin, and a loss of pigmentation on the oral surface of the arms.
In September of 2011 the brooding female and her eggs were still in place. When we returned in October of 2011 she was gone and the rock face she had occupied held the tattered remnants of empty egg capsules (Figure 5). Thus the total length of the brooding period we measured was from May, 2007 to September, 2011, or 53 months. From HD video frame grabs of the empty capsules and the characteristic green cement of their anchor points [3] we estimate the clutch size to have been between 155 and 165 eggs.
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Figure 5. Empty egg cases, October 2011.
This is a composite figure, showing empty egg cases, and attachment sites (indicated by green cement residue), used to enumerate the number of egg cases in the clutch, after hatching.
doi:10.1371/journal.pone.0103437.g005
The rock shelf that holds the brooding site runs generally east to west, parallel to the axis of this part of the canyon. The rock face where the octopus placed her eggs is in the lee of sediment flow down the slope of the canyon wall, and parallel to but protected from down-canyon currents. The brooding spot was about one meter above the seafloor sediment and about three meters below the crown of the rocky shelf. We never observed sediment build-up within the small, protected alcove although the canyon is subject to considerable sediment flow [8]. Exposures of hard substrate are rare in this part of the canyon and this rock was occupied by a number of other invertebrate species, both attached and mobile. During the course of our observations the temperature ranged from 2.8°C to 3.4°C.

Discussion

Aggregations of egg-brooding G. boreopacifica have been found elsewhere in the eastern North Pacific, clinging to the vertical faces of rock outcrops where elevated currents reduce sedimentation and promote ventilation of the eggs [3], [9]. In years prior to the present series of observations, we encountered two specimens of G. boreopacifica brooding eggs at different locations on the same outcrop in Monterey Canyon. These females were observed in place for 8 months and 20 months but we have no measure of the beginning or end of their full brooding periods. While brooding females are seen routinely at depths between 1200 and 2000 m, we have never observed unattended clutches of G. boreopacifica eggs.
Most, if not all incirrate octopods are believed to brood their eggs [7], [10]–[12]. This is part of a holobenthic reproductive strategy that includes direct development without a larval stage. There is considerable variability in reproductive behavior among octopod species from different habitats; but protection of eggs during development is paramount and universal so far as is known. In shallow-water species the eggs are often clustered within a den, where they are guarded and ventilated by the female. In pelagic species, brooding is accomplished with the female holding the developing eggs, usually within her arms. Brooding deep-sea squids also hold their eggs with their arms [13], [14], apparently without feeding. Compared with shallow-water species, the eggs of G. boreopacifica are relatively large, while the clutch size is relatively small; both traits are characteristic of a strategy that maximizes the production of developmentally advanced hatchlings [7].
The 53-month brooding period that we measured considerably exceeds all such records in the literature (Table S1 in Information S1). Previously, the longest octopus brooding known was 14 months, attributed to Bathypolypus arcticus on the basis of specimens kept in the laboratory [2] at 7°C. The longest guarded incubation known for fish eggs is 4–5 months, by the Magellan Plunder Fish Harpagifer bispinis in Antarctic waters [15]. For birds, the longest uninterrupted egg brooding is 2 months, by the Emperor Penguin [16]. Among live-bearing species, elephants gestate for 20 to 21 months [17], frilled sharks carry their embryos internally for about 42 months [18], and the internal gestation period of alpine salamanders can reach 48 months [19] before birth.
The prolonged brooding period that we measured is a consequence of two interacting factors, low temperature, and the selective advantage of producing highly-developed hatchlings. Marine ectotherms typically exhibit an inverse relationship between environmental temperature and the duration of embryonic development [6]. Such a pattern is evident in the semelparous, bathypelagic mysid crustacean Gnathophausia ingens, which also has a protracted brooding period of 20 months, hatches miniature adults, and does not feed during brooding [20]. In octopods, development time equates to brooding period and this brings a third factor into play, the brooding parent. In the deep ocean, low temperatures are typical, and thus the trade-off within the reproductive strategy of deep-living octopods is between the mother’s ability to endure a long brooding period, and the competitiveness of her hatchlings. Graneledone boreopacifica produces hatchlings that are very highly developed, which gives them the advantage of a high potential for survival [7]. The ultimate fate of a brooding female octopus is invariably death, but in this first example from the deep-sea, brooding also confers an extension of adult life that greatly exceeds most projections of cephalopod longevity.
Most previous attempts to model the duration of embryonic development of cephalopods at colder temperatures failed to predict the extended brooding period demonstrated here (Table S1 in Information S1). Interspecific models accounting for variation in egg size and temperature predict anywhere from 2.8 to 75 months for development when applied to G. boreopacifica. We show here that much of the interspecific variation in development time can be attributed to temperature (Figure 6). Egg size is also linked to temperature, with longer development yielding larger eggs and more completely developed hatchlings (Figure 7). However, with one exception (Table S1 in Information S1), extrapolation of existing models to 3°C still underestimates measured development in G. boreopacifica by nearly a year.
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Figure 6. The duration of embryonic development in octopodid cephalopods is related to temperature.
Each point represents a different species, measured at the coldest temperature for which data are available (Table S2 in Information S1). The solid line is the best-fit power function for the data from the literature (black symbols). The dashed line extends the model to 3°C, but falls 307 days short of our measured development time for Graneledone boreopacifica (open symbol). See also Table S2 in Information S1.
doi:10.1371/journal.pone.0103437.g006
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Figure 7. Species living in cold environments have larger eggs.
This relationship is, in part, responsible for the longer development times at cold temperatures. It suggests that cold water environments select for better-developed hatchlings and that one mechanism by which octopods achieve this is by increasing egg size. Data from Table S2 in Information S1.
doi:10.1371/journal.pone.0103437.g007
The principal question now remaining is how does the mother survive for so long? Low temperatures and inactivity help by keeping metabolic demand low. We saw no evidence of feeding during brooding. The only examination of a brooding female in the literature showed an empty gut [5]. It is certainly possible that the mother feeds on the surrounding fauna or that in the course of protecting her eggs she feeds on would-be egg predators like Lithodid crabs. Resorption of unlaid eggs is known in other species, as is feeding on unfertilized or diseased eggs [2], [3], [21], [22]. Among deep-sea squids, species that brood their eggs rely on digestive gland lipid stores to meet their extended nutritional needs [13], [14], but octopods are not known to store lipid as extensively. Regardless of how their nutritional needs are met, female G. boreopacifica spend a long time brooding. The entire lifespan of most shallow-water cephalopod species is less than 2 years [1], [11]. If G. boreopacifica conforms to the general rule among octopods, that brooding comprises about a quarter of the lifespan [10], [23], then it, and possibly other deep-sea species, may be among the longest-lived of all cephalopods [24].
While the discovery of a 53-month brooding period is remarkable, this reproductive strategy is not unusual, it is common and is clearly successful because G. boreopacifica is one of the most abundant deep-living octopods in the eastern North Pacific [9], [25], [26]. These results only seem extraordinary when compared with well-studied shallow-water species; which indicates how little we really know about the deep sea.
This study did not involve endangered or protected species. The location of the study site was 36° 42′ N, 122° 03′ W, at a depth of 1397 meters. Field work was conducted under NOAA Office of Marine Sanctuaries permit MBNMS 2005-010-A3, and California Department of Fish and Wildlife scientific collecting permit D-0004069542-0; no specimens were collected.

Supporting Information

Information_S1.docx
Table S1, Measured and predicted development time for Graneledone boreopacifica using published models. Hatching mass used in some models comes from Voight and Drazen, 2004. Egg length (15 mm) and temperature (3°C) were measured in situ. Table S2, Egg development and morphometric data for species of the family Octopodidae.
Table S1, Measured and predicted development time for Graneledone boreopacifica using published models. Hatching mass used in some models comes from Voight and Drazen, 2004. Egg length (15 mm) and temperature (3°C) were measured in situ. Table S2, Egg development and morphometric data for species of the family Octopodidae.
doi:10.1371/journal.pone.0103437.s001
(DOCX)

Acknowledgments

We thank MBARI’s ROV pilots and the officers and crews of the research vessels Point Lobos and Western Flyer. We also thank Kim Reisenbichler, Rob Sherlock and Kris Walz for their assistance at sea and ashore. We thank J. Voight, V. Laptikhovsky and R. Villanueva for their helpful reviews of the manuscript.

Author Contributions

Conceived and designed the experiments: BR BS JD. Performed the experiments: BR. Analyzed the data: BR BS JD. Contributed reagents/materials/analysis tools: BR. Contributed to the writing of the manuscript: BR BS JD.

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