Sunday, March 31, 2013

Comedy duo Ant and Dec bag surprise No 1 with 19-year-old song

LONDON (Reuters) - Newcastle comedy duo Ant and Dec scored a surprise singles number one this week with a reissue of a 19-year-old hit, while U.S. star Justin Timberlake clung to the top of the album chart, the Official Charts Company said on Sunday.

Originally released in 1994 under the moniker PJ and Duncan, Ant and Dec's "Let's Get Ready to Rhumble" went straight to number one after the pair roped in other pop stars to perform the song on their Saturday Night Takeaway TV show last week.

The song, which reached the top ten in 1994, is the first number one for the pair, who are both aged 37.

London-based singer-songwriter Charlie Brown provided the top ten's only other new entry with "On My Way" at number seven, the artist's first top ten hit.

In the album chart "Delta Machine" by electro-pop pioneers Depeche Mode failed to dislodge Timberlake's "The 20/20 Experience" from the top of the pile, the album now in its second week at number one.

David Bowie's "The Next Day" slipped one place to number three, while darlings of the New York Indie rock scene The Strokes entered the album chart at tenth place with "Comedown Machine".

(Reporting by Mohammed Abbas; Editing by Stephen Powell)

Source: http://news.yahoo.com/comedy-duo-ant-dec-bag-surprise-no-1-180441092.html

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Saturday, March 30, 2013

How a Pope's Chalice Is Made

I don't know why I find something so mundane so fascinating but I can't get enough of watching Argentinian silversmith Juan Carlos Pallarols create a chalice for Pope Francis. It's incredible just to see his hands and tools shape what will be the cup for the holiest man in the world. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/_4z_c4y7HSI/how-a-popes-chalice-is-made

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Friday, March 29, 2013

The Fix's Sweet 2016 Bracket Competition: The Elite 8! (Washington Post)

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Three Guys in Scuba Suits Can Do More Damage to the Web Than You Think

Slowdowns in Internet traffic in the Middle East and South Asia earlier this week were likely the work of hackers. Hackers in the traditional sense: The Egyptian Navy caught three men hacking into an undersea cable. And it's a bigger problem than it seems.

RELATED: The Egyptian Outrage Peddler Who Sent an Anti-Islam YouTube Clip Viral

According to the Associated Press, the Egyptian Navy announced the arrest on its official Facebook page yesterday. The AP translates the Navy's statement:

The cable that was damaged was the SMW-4, which its website (it has a website) indicates travels from Marseilles in the south of France to Singapore. TeleGeography's Submarine Cable Map shows the route the cable takes.

RELATED: So, He's Actually the Sandman?

It's one of a number of cables that come inland at Alexandria near the historic Citadel of Qaitbay, below, as documented in Neal Stephenson's December 1996 overview of cable networks for Wired. Cut the SMW-4 there, and you have an effect on countries in three continents.

RELATED: Occupy Wall Street Calls Off Its Egyptian Expedition

While cables are regularly damaged by fishermen or boat anchors, lines have also been intentionally cut a number of times before. In 2007, as a report published by the US Naval Institute indicates, Vietnamese pirates stole parts of an cable near that country. In February 2008, outages on five separate underseas cables were attributed to sabotage by a UN official.

The USNI report also suggests that the offshore cables could be a tempting target for terrorists ? and the damage could be significant. Even small delays in internet transmissions can, for example, have serious economic repercussions. One of the key benefits of a new line run last year between London and New York was that it would reduce transmission speeds from 64.8 milliseconds to 59.6. For people making electronic trades, that's a massive improvement. More serious damage, an outage that completely cripples communications, offers a much broader and obvious set of problems.

Not that there's much that can be done. It's not clear how Egypt caught the saboteurs, although it appears they were operating fairly close to the coast. There are thousands of miles of accessible, unprotected cable lying on the ocean floor, running onto lightly protected beaches around the world. All of the effort and consideration put into online security means little when three guys in scuba suits can severely damage communications between nearly a dozen countries.

Source: http://news.yahoo.com/three-guys-scuba-suits-more-damage-think-182415735.html

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Under Amazon's Wing, Goodreads Plans Closer Integration While ...

Following this afternoon?s announcement that Amazon has agreed to acquire Goodreads, I had a few minutes to talk to the Goodreads CEO Otis Chandler and Amazon VP of Kindle Content Russ Grandinetti. They stayed pretty vague about the two things I was most curious about ? how the deal came together, and the specifics of the planned Kindle/Goodreads integrations ? but they did drop a few hints about future plans.

Chandler (pictured here with his co-founder and wife Elizabeth) said that Kindle integration has been a popular request among Goodreads users, and Grandinetti said he wants to make it ?super easy? to have a social experience on the Kindle device and apps. As for what that will look like, he said, ?We prefer to talk about features when we ship.?

One of the points highlighted by TechCrunch?s Drew Olanoff when he covered the news was the fact that this gives Amazon a social advantage over its e-bookselling competitors, particularly Apple. When I asked if the Amazon acquisition precludes building Goodreads integrations with non-Kindle devices, Grandinetti said the Amazon team ?worked hard at Kindle to make the app work on iOS and Android,? so you?ll be able to access Goodreads features on, for example, your iPad through the Kindle app. (That doesn?t take away from Drew?s point, which was more about the iBookstore. It?s also worth noting that Amazon has acquired a social reading startup before, Shelfari, and that hasn?t led to big breakthroughs on the social front.)

I asked if Goodreads will continue to be closely integrated with Facebook, or if it?s going to be building more of a standalone social experience on Amazon. Chandler replied that Facebook ?will continue to be an important part of Goodreads ? our mission is to help people express themselves through what?s on their bookshelves,? and leveraging Facebook?s enormous user base makes it easier to do that.

Chandler also wrote in his blog post about the acquisition that Goodreads will ?continue offering you everything that you love about the site.? For one thing, he told me that the entire Goodreads team will be staying on, and that it will remain in San Francisco. He said it will operate as an independent subsidiary similar to ?how Zappos and IMDb are run.?

?We?re going to keep hiring and and growing the team,? he added.

Amazon and Goodreads have had some bumps in their relationship in the past ? most notably, back in January of last year, Goodreads switched from Amazon to Ingram as its primary source of book data, because Amazon?s data ?came with many restrictions.? When I brought that up today, Grandinetti said, ?I don?t think any side took any pleasure at the point that [Goodreads] stopped using the API.? Now is the chance to bring Amazon data back to Goodreads and to ?explore whole new areas of discovery and reading,? he said.

Chandler added that one of the downsides of moving away from Amazon was the loss of international data. With the acquisition, Goodreads will have access to that data again.

Speaking of APIs, Chandler said in another interview that Goodreads will continue to offer its own public API and to continue offering a review feed to Kobo.


Goodreads is a world?s largest site for book readers and recommendations. As of December 2011, Goodreads has more than 6,700,000 members who have added more than 230,000,000 books to their shelves. A home for casual readers and bona-fide bookworms alike, Goodreads users recommend books, compare what they are reading, keep track of what they?ve read and would like to read, find their next favorite book, form book clubs and much more. Goodreads was launched in January 2007.

? Learn more

Source: http://techcrunch.com/2013/03/28/amazon-goodreads-interview/

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Jon Hamm & His Impressive Manhood Are Offended!

Jon Hamm & His Impressive Manhood Are Offended!

Jon Hamm of Mad Men“Mad Men” star Jon Hamm is sick of people talking about his big wiener, addressing all the reports on his impressive anatomy in the April issue of Rolling Stone magazine. The 42-year-old star, who plays Don Draper on the television series, has a tendency to go commando and has been reportedly asked to wear underwear ...

Jon Hamm & His Impressive Manhood Are Offended! Stupid Celebrities Gossip Stupid Celebrities Gossip News

Source: http://stupidcelebrities.net/2013/03/jon-hamm-his-impressive-manhood-are-offended/

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FBI attempts to explain UFO memo in vault

The mystery memo (FBI.gov)

The Federal Bureau of Investigation has broken its silence on the most popular file in its digital vault.

The one-page memo, dated March 22, 1950, was addressed to FBI Director J. Edgar Hoover from Guy Hottel, then head of the FBI's Washington, D.C., field office. It relayed some information from an informant.

The subject:

FLYING SAUCERS
INFORMATION CONCERNING

"An investigator for the Air Force stated that three so-called flying saucers had been recovered in New Mexico," Hottel writes. "They were described as being circular in shape with raised centers, approximately 50 feet in diameter. Each one was occupied by three bodies of human shape but only 3 feet tall, dressed in metallic cloth of a very fine texture. Each body was bandaged in a manner similar to the blackout suits used by speed fliers and test pilots.?

No further evaluation was attempted, Hottel reports.

The file, released in April 2011 under the Freedom of Information Act, has been viewed nearly a million times, the FBI said, in part because media outlets "erroneously reported that the FBI had posted proof of a UFO crash at Roswell, New Mexico [in 1947] and the recovery of wreckage and alien corpses."

"A bizarre memo that appears to prove that aliens did land in New Mexico prior to 1950 has been published by the FBI," the Daily Mail declared in 2011.

"The Hottel memo does not prove the existence of UFOs," the bureau said in a blog post on its website this week. "It is simply a second- or third-hand claim that we never investigated."

Besides, the FBI notes, the Hottel memo is dated nearly three years after the infamous events in Roswell in July 1947.

"There is no reason to believe the two are connected," the bureau said:

The FBI has only occasionally been involved in investigating reports of UFOs and extraterrestrials. For a few years after the Roswell incident, Director Hoover did order his agents?the request of the Air Force?verify any UFO sightings. That practice ended in July 1950, four months after the Hottel memo, suggesting that our Washington Field Office didn't think enough of that flying saucer story to look into it.

Source: http://news.yahoo.com/blogs/sideshow/fbi-ufo-memo-guy-hottel-151647542.html

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Brain scans might predict future criminal behavior

Mar. 28, 2013 ? A new study conducted by The Mind Research Network in Albuquerque, N.M., shows that neuroimaging data can predict the likelihood of whether a criminal will reoffend following release from prison.

The paper, which is to be published in the Proceedings of the National Academy of Sciences, studied impulsive and antisocial behavior and centered on the anterior cingulate cortex (ACC), a portion of the brain that deals with regulating behavior and impulsivity.

The study demonstrated that inmates with relatively low anterior cingulate activity were twice as likely to reoffend than inmates with high-brain activity in this region.

"These findings have incredibly significant ramifications for the future of how our society deals with criminal justice and offenders," said Dr. Kent A. Kiehl, who was senior author on the study and is director of mobile imaging at MRN and an associate professor of psychology at the University of New Mexico. "Not only does this study give us a tool to predict which criminals may reoffend and which ones will not reoffend, it also provides a path forward for steering offenders into more effective targeted therapies to reduce the risk of future criminal activity."

The study looked at 96 adult male criminal offenders aged 20-52 who volunteered to participate in research studies. This study population was followed over a period of up to four years after inmates were released from prison.

"These results point the way toward a promising method of neuroprediction with great practical potential in the legal system," said Dr. Walter Sinnott-Armstrong, Stillman Professor of Practical Ethics in the Philosophy Department and the Kenan Institute for Ethics at Duke University, who collaborated on the study. "Much more work needs to be done, but this line of research could help to make our criminal justice system more effective."

The study used the Mind Research Network's Mobile Magnetic Resonance Imaging (MRI) System to collect neuroimaging data as the inmate volunteers completed a series of mental tests.

"People who reoffended were much more likely to have lower activity in the anterior cingulate cortices than those who had higher functioning ACCs," Kiehl said. "This means we can see on an MRI a part of the brain that might not be working correctly -- giving us a look into who is more likely to demonstrate impulsive and anti-social behavior that leads to re-arrest."

The anterior cingulate cortex of the brain is "associated with error processing, conflict monitoring, response selection, and avoidance learning," according to the paper. People who have this area of the brain damaged have been "shown to produce changes in disinhibition, apathy, and aggressiveness. Indeed, ACC-damaged patients have been classed in the 'acquired psychopathic personality' genre."

Kiehl says he is working on developing treatments that increase activity within the ACC to attempt to treat the high-risk offenders.

The four-year study was supported by grants from the National Institute on Drug Abuse (NIDA), the National Institute of Mental Health (NIMH), and pilot funds by the John D. and Catherine T. MacArthur Foundation Law and Neuroscience Project. The study was conducted in collaboration with the New Mexico Corrections Department.

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Story Source:

The above story is reprinted from materials provided by Duke University, via EurekAlert!, a service of AAAS.

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


Journal Reference:

  1. E. Aharoni, G. M. Vincent, C. L. Harenski, V. D. Calhoun, W. Sinnott-Armstrong, M. S. Gazzaniga, K. A. Kiehl. Neuroprediction of future rearrest. Proceedings of the National Academy of Sciences, 2013; DOI: 10.1073/pnas.1219302110

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/~3/YKAt_BzzGdM/130328125319.htm

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Adam Lanza's Arsenal: Guns, Ammo, Knives, Swords, and NRA Certificates (Little green footballs)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/295322523?client_source=feed&format=rss

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Thursday, March 28, 2013

Sydney Family Congress beckons - book now!


? 7:25:54 PM

Sydney Family Congress beckons - book now!

Are you keen to do more for the family than fight same-sex marriage and sex education? Are you interested in what?s going on in the background -- marriage trends, families and the economy, education, health and welfare policies, the media -- and how you can work effectively to bring about wholesome change?

If so there?s a conference on in Sydney in just six weeks time that is just made for you. Attention Aussies and Kiwis! -- The Sydney World Congress of Families is a very special opportunity for you and there are still concession rates available, says chief organiser Mary-Louise Fowler. Plus you a get a little break in one the world?s most popular cities.

As well as the Early Bird Discount, MercatorNet readers and their friends can get a further 20% off by using a special discount code when registering: WCF01 and WCF0S (for your spouse)

Further, for Kiwis (or people anywhere outside Australia) you will go in the draw to enjoy a hosted holiday in one of three great locations...it is all on the website but book soon to get in the draw.

Mrs Fowler -- a fantastic lady who on and off for the past year?has beaten a trail between the family farm (situated 400kms west of Sydney) and meetings in the big smoke, and had to train her farmer husband in the fine art of heating frozen meals, all to get this event off the ground -- and her team have gone to great lengths to attract a star-studded list of keynote speakers and supporting talent to this first conference of its kind in the Australasia region.

They include Professor W Bradford Wilcox, director of the National Marriage Project at the University of Virginia, Dr Ted Baehr of the US Christian Film and Television Commission, and Dr Miriam Grossman, physician and author of You?re Teaching My Child What? -- a courageous critique of the sex education industry.

All it needs now is lots more people from Australia, New Zealand and elsewhere to roll up and make the most of this unique opportunity to listen, network, enjoy and go home enthused.

Visit the website and sign up now!?

PS:?The congress includes the international premier of Return to the Hiding Place, a powerful sequel to the famous movie about Corrie ten Boom's defiance of the Nazis in occupied Holland.



?






?From MercatorNet's home page


?Tags
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Source: http://www.mercatornet.com/family_edge/view/11990

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Say no to Gray Marriage (satirical take on gay marriage) (Americablog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/295070000?client_source=feed&format=rss

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Monday, March 25, 2013

Cyprus deal could spur stocks to new high?

NEW YORK - Stocks could break through to all-time closing highs next week - provided a resolution to the fiscal woes of Cyprus satisfies investors.

The island nation accounts for a fraction of euro zone economic output, and yet the wrangling over a $13 billion bailout package kept markets on edge throughout this past week. The S&P 500 fell for the first time in four weeks, with weakness linked to uncertainty overseas.

The Cypriot ruling party said Friday that it was close to a deal to raise billions of euros in order to secure a bailout from the European Union to avoid a financial meltdown and a potential exit from the euro.

Eurozone leaders have offered the country 10 billion euros on the condition it raises 5.8 billion euros on its own. The rescue plan is smaller in scope than previous bailouts to eurozone members, making investors worry less about a banking collapse and more about the possibility Cyprus would exit the bloc and drop the euro currency.

The worry "is the psychological knock-on effect of the credible possibility of some (country) saying ?Cyprus got out, now they are on their own, they devalued their currency, they don't have to go through austerity,'" said Art Hogan, managing director at Lazard Capital Markets in New York.

"What is going to stop Greece from doing the same thing? And you start a daisy chain."

Similarly, investors had reacted harshly to proposals by European officials to tax depositors - including those protected by depositor insurance - to fund the bailout. That sparked some selling on the idea that such a plan could set a precedent for dealing with other troubled euro zone economies, and set off bank runs across the continent.

Assuming Cyprus's troubles are solved, investors will turn their attention to economic data due during the holiday-shortened week, with equity markets closed on Friday for the Good Friday holiday.

The data will include orders for durable goods orders and pending home sales for February as well as the final reading of fourth-quarter gross domestic product.

But with the trend of economic data showing a slow improvement in the U.S. economy, few negative surprises are expected next week. That could enable the S&P 500 to once again make a run at its all-time closing high of 1,565.15. After all, for all of the worry about Cyprus, the S&P only dipped 0.3 percent this week and the benchmark index remains up more than 9 percent for the year.

"The story doesn't seem to be weakening and domestically it seems to be growing in terms of strength," said Sandy Lincoln, chief market strategist at BMO Asset Management U.S. in Chicago.

"People are looking at a better backdrop, whether it is the jobs data, the GDP data or the consumer stepping up on the retail sales side in spite of fiscal drag."

Stocks could see another boost in the form of quarter-end "window dressing" in which money managers add outperforming stocks to their portfolios.

"You are coming into the end of the quarter, everybody has some great results. You are going to get some window dressing on some of the stocks that are doing well," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.

With earnings season several weeks away, only nine S&P 500 companies are expected to report quarterly results next week, including discount retailer Dollar General Corp and video game retailer Gamestop Corp.

Only a few companies released results this week, but they were disconcerting. Oracle Corp, the world's No. 3 software maker, fell well short of revenue expectations. FedEx Corp, the second-largest U.S. package delivery company, cut its forecast for the year.

According to Thomson Reuters data, of the 491 companies in the S&P 500 that have reported quarterly earnings, 69 percent have topped analysts' expectations, compared with 62 percent since 1994 and 65 percent over the past four quarters.

A strong showing next week could push the index past both its record closing high as well as its record intraday high of 1,576.09.

But the index has faced stiff resistance in prior attempts to break the mark, climbing as high as 1,563.62 before losing steam. As more attempts to break the mark fall short, the likelihood of a bigger dip that many analysts have been expecting increases.

"Every time it gets up there, it seems to sell off, so you have to get through that resistance point," Mendelsohn said.

"Once we get through that resistance point that will probably bring more buyers in. If you can't get through it, that will probably encourage some of the sellers a little bit."

Copyright 2013 Thomson Reuters.

Source: http://feeds.nbcnews.com/c/35002/f/653351/s/29edbd7b/l/0L0Snbcnews0N0Cbusiness0Ccyprus0Edeal0Ecould0Espur0Estocks0Enew0Ehigh0E1C90A34370A/story01.htm

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Sunday, March 24, 2013

The Exciting Uncertainty At The Intersection Of Content And Commerce

crossingEditor's note:?Mike Jones is CEO of Science, Inc., a Los Angeles-based technology studio. Content and commerce have always had a symbiotic relationship that many traditional content providers tried to separate. The slow adoption of all that the digital revolution has to offer ? curation, aggregation, social, and automation ? has also hobbled many traditional content providers.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/0N3-nDQuvoc/

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Wednesday, March 20, 2013

Gaming the Cyprus Negotiations (Updated) ? naked capitalism

The state of play in Cyprus is that negotiations in Parliament are underway, with the hope of a yes vote on a ?Plan B? today (see update at the end, this is looking a lot rockier than conventional wisdom surmised). The Cypriot officialdom has allowed for slippage in this timetable, with the bank holiday in effect till Thursday. The latest events were largely a nothingburger, aside from the big news of the failure to approve the president?s plan yesterday: European ministers confirmed that they?ll approve an agreement so long as Cyrpus obtains ?5.8 billion from depositors. Monday night, President Nicos Anastasiades gave his version of the Hank Paulson armageddon speech on national TV, laying out the fact that no deal means an immediate collapse of ?one bank? (presumably Liaki), and a possible exit from the Eurozone.

The widespread assumption is that the Cypriots will fall into line, since the alternative really does look even uglier. But the runway is pretty short. The government could conceivably extend the bank holiday through Friday, which means through the weekend. But anything beyond that likely starts to eat at the real economy.

Moreover, even getting a deal still will have a big, negative economic impact in Cyprus. Deposits are certain to flee, so the bank crisis that was hoped to be averted is still a real possibility. After all, it is not clear that Cyprus will be out of the woods with this rescue; many experts expect further restructuings are in the works. Why sit around and let your ox be gored a second time? The Prodigal Greek (hat tip Guardian) notes:

No matter what today?s outcome, Cyprus? banking system will not be the same ever again. If Germany?s intention was to reduce the size of it ? closer to the eurozone average ? they managed to achieve that with a masterful stroke in just one weekend.

Deposits flight combined with the sale of the Greek operations will probably leave the Cypriot banking system half the size it was on Friday night, even left with one systemic bank after restructuring.

Cannot see a smooth transition period without some form of capital controls.

By the time the dust settles, the Cypriot economy will sink and PIMCO?s adverse scenario will materialise. Many people did their best to make this a reality.

Felix Salmon takes issue with Andrew Ross Sorkin?s ?those dirty Cypriots had it coming to them? for living in a tax haven. Ahem. People in glass houses should not throw stones. How exactly are tax evaders like GE and Apple any different than Russian oligarchs (some of whom evade taxes via perfectly legitimate big companies?) As Nicholas Shaxson pointed out in his book Treasure Islands, the biggest tax haven in the world is now run by the US, between Delaware and Wyoming corporations (you can hide ownership just as well via Wyoming limited liability corps as Isle of Man shells) and our friends in Caymans. By Sorkin?s logic, it would be OK to cram down everyone in Delaware because they benefitted from the local tax avoidance business.

Separately, Sorkin is way too sanguine about contagion risk. Did he miss that there was already destablizing deposit flight from the periphery, and only the successful OMT headfake of last September calmed nerves enough to put it to a stop? You don?t need lines at ATMs to bring a bank down; a slow big deposit drain will do that too if the bank has dodgy, illiquid assets. That is exactly what brought down WaMu, and plenty of Spanish banks have balance sheets at least as ugly.

But Salmon is also unduly enthusiastic about a hail Mary idea of having the Cyriot government vote through a plan to convert deposits over ?100,000 to 5 or 10 year CDs, with the longer term ones secured by gas revenues. You could completely spare the under ?100,000. Now I will say the plan is exceedingly clever and Salmon cheekily urges the Parliament to pass it and force the Eurocrats to dare to shoot Cyprus in the head with a perfectly reasonable, indeed better, plan on offer.

The problem is that this idea is altogether too late. I?ve been in a fair number of two party negotiations, and unless both sides trust each other a lot, radical new ideas at the 11th hour are generally seen as a sign of bad faith dealing. People have gotten locked into positions and find it psychologically difficult to budge. It?s even harder to get bigger groups on board. Given that Anastasiades is so afraid of rattling the Eurocrats that he felt the need to get their blessing merely for rearranging the deck chairs on his Titanic (shifting the amounts various depositors get whacked to meet the required ?5.8 billion target), I doubt he would back this sort of idea, and without his support, I don?t see how this could get through Parliament (Salmon isn?t wrong in thinking the Germans would look like idiots to refuse this deal, but if the surplus countries feel they are being played by the Cypriots, don?t underestimate national prejudices overriding sensible reactions).

But there is another potential wild card, which is Russia. If nothing else, Putin is ripshit about not being included in the negotiations, as well as having all Russian activity depicted as money laundering. Some (much) undeniably is, but there are also Russian retirees living in Cyprus, and perfectly legitimate Russian companies who use Cyprus because it is an English law jurisdiction (as in a lot of international companies prefer entering into contracts with Russians in that jurisdiction; I know Americans who do deals regularly with Russians who operate this way). As the New York Times pointed out:

The din of criticism from Moscow signaled the importance of Cypriot offshore financing for the Russian economy. The island has long served as an escape valve for Russian businessmen. Some are surely dodging local taxes. Others, paradoxically, are seeking better courts in the British law system practiced in Cyprus.

Offshore domiciles are so ingrained in the post-Soviet way of doing business in Russia that Cypriot shell companies are linked not only with money launderers and organized crime, but well-established companies like the metals giant Norilsk Nickel.

In theory, Russia has a lot of leverage. It has a ?2.5 billion loan to the government, and it has been asked to lower payments and extend the maturity. After making its displeasure with the deposit grab known, and convening an emergency ministerial meeting to contemplate what to do, it has pointedly said it has not made a decision about whether to restructure the loan, and is reconsidering its position. This is a comparatively small piece of the overall equation, but with all sides locked into positions and time running out, a Russian reversal would be a serious, potentially fatal complication. And Russia is going to be even more unhappy with a deal that hits Russian depositors even harder, which is the only sort of deal the Parliament might approve.

But as the Financial Times tells us the Russians do not want to blow Cyprus up, which is what they could do if they try flexing their muscles:

The main fear is blockages in money transfers from or through Cyprus as a result of the authorities stepping in to deal with a pending deposit run on the island, according to David Nangle, head of equity research for Renaissance Capital, a Moscow-based investment bank. While Russians own billions in Cyprus deposits, the island is far more important to the Russian economy as a conduit for financial flows ? Russian money goes to Cyprus, where it gets advantageous tax treatment, and then back into Russia.

In all honesty, I?m not sure I buy that Cyprus is indispensable. It would take some doing to operate out of other tax havens, but Cyprus is not unique. But the cost of a meltdown would be much larger than any deal, and the Russians are also angling for a role in the development of gas reserves near Cyprus, so there are other considerations at work here.

My belief is that there are a lot of moving parts, and while it is perfectly rational for everyone to come to some sort of deal, the principals have a lousy negotiating dynamic at work. Russia has been excluded and is feeling angry and abused, and the Wall Street Journal description of the 10 hours negotiations that led to the original deal sound nightmarish: confused, chaotic, dysfunctional. It?s proof of the old notion that people (in this case finance ministers) should never negotiate their own deals unless they are super experienced negotiators (and pretty much everyone overestimates their negotiating skills). And these all-over-the-map negotiations took place when the principals were in the same location. It?s worse doing this sort of things by phone and e-mail.

So the odds are not trivial that a deal fails to come together, not because a pact is impossible (as in there is appears to be a bargaining space where everyone could find a solution they could swallow) but that the key actors will be unable to get to that agreement before time runs out. Stay tuned.

Update 8:30 AM: As I was drafting this post, Reuters released a story quoting President Anastasiades saying Parliament was likely to reject the revised bill. This is not what either Mr. Market or the Eurocrats anticipate. They assumed Anastasiades? Hank Paulson armageddon speech plus rational self interest (as in recognizing that blowing up the entire banking system would cost the citizenry more) would lead to sullen acceptance of the inevitable, just the way the Greeks (and to a lesser extent, the Portuguese and Spanish) have accepted being put on the rack. Apparently a fast seizure of funds is harder for the public to accept than a sustained grind-down into penury. From Reuters (hat tip Richard Smith):

?The feeling I?m having is that the house is going to reject the bill,? President Nicos Anastasiades told reporters. Asked why, he added: ?Because they feel and they think that it is unjust and it?s against the interests of Cyprus at large.?

Asked what he would do next, he said: ?We have our own plans.?

Unless Gazprom is about to ride in to the rescue, this is trying to make the best of an empty hand.

Update #2 It appears that there will not be enough votes for the revised bailout, either (in fact no-one?s going to vote for it). Let?s see what the trailed ?Plan B? is, if the Eurogroup bailout isn?t going to fly. The Cyprus Finance Minister, Sarris, has reportedly resigned (funny, thought he was flying to Moscow today). There are rumours that the President has not accepted his resignation. The Euro is sharply weaker. UK?s Ministry of Defence making sure that the 3,500 British servicemen stationed in Cyprus have some spending money despite the bank holidays, by flying EUR1Mn over, in a jet.

Update #3 Revised bailout terms have been rejected by the Cyprus Parliament, as expected; 36 (or so, reports vary) vote against, 19 abstain. So now we really are on plan B, whatever that is. Meanwhile, the Cyprus Finance Minister, Sarris, denies having resigned. And he?s in Moscow. That gives a hint about Plan ?B??

Source: http://www.nakedcapitalism.com/2013/03/gaming-the-cyprus-negotiations.html

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Tuesday, March 19, 2013

Sony Xperia ZL Hits the FCC, With AT&T Compatible Bands

The Sony Xperia ZL, which is a slightly modified version of the Xperia Z flagship has just reached the FCC, in an AT&T compatible version. It supports all the needed bands, including LTE bands 2, 4, 5 and 17, plus HSPA over 1900, 1700 and 850 MHz frequencies.

sony-xperia-z-fcc

It appears that Sony may decide to sell the device unlocked, so don?t expect it on AT&T. For those who don?t know, the Xperia Z and Xperia ZL were announced at CES 2013 and were given hands on experiences at MWC 2013. We?re testing the Xperia Z right now and we?ll be back with a review ASAP. By the way, the Xperia ZL measures 9.8 mm in thickness, so it?s a bit thicker than the Xperia Z and gives up the all glass back panel in favour of textured plastic rear cover.

The ZL keeps the same quad core Snapdragon S4 Pro processor, camera and software features of the Z, but it doesn?t have its water resistant abilities. Sony will be launching the Z and ZL with Android 4.1 on board and its custom user interface, with modified launcher, homescreen and lockscreen.

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Monday, March 18, 2013

Matthew Dowd: CPAC 'Reminds me of Going to the Land Before Time'

Dowd: CPAC is like the 'Flintstones' and the 'Land Before Time'

DOWD: To me imagery and who is there and what you say is important. And I don't think divisions are a bad thing. I actually think that a conservative message that is built for the 21st century would be a good thing. CPAC to me reminds me of going to the "Land Before Time." And it's like going to a "Flintstones" episode in my view.

It's like a bunch of dinosaurs, most of them are like throwbacks in times. It's like who's running for Grand Poobah of the "Loyal Order of Water Buffaloes" is what it looks like to me.

When you have Sarah Palin, who is a - it's an amazing situation to me, it's between her and the Kardashians, I think you add it up, between a Palin connection and the Kardashians, there's 10 reality shows that have been built around that.

I don't think it's helpful to the Republican Party. I think there are some people, Marco Rubio in there, who will become and are stars of the party. I think CPAC's time has come and gone. And it's time for somebody to put together a 21st century conservative agenda.

Below you can find some of the notable comments made Sunday on "This Week with George Stephanopoulos." Roundtable guests included ABC News' George Will and Matthew Dowd; House Democratic Caucus Chair Rep. Xavier Becerra, D-Calif.; co-host of NPR's All Things Considered Audie Cornish; former Hewlett-Packard CEO Carly Fiorina, chair of Good360; former Clinton Secretary of State Madeleine Albright; former Bush National Security Adviser Stephen Hadley; and former Joint Chiefs of Staff Vice Chair Gen. James Cartwright (USMC, Ret.).

Becerra believes a 'break in the stalemate' will occur soon on budget

BECERRA: Well, some of us are having conversations on other matters like immigration, which is perhaps more intractable than the budget. And I think there's a really good chance that we'll make progress there?I think people, Americans, just want to see us move forward. And so I think they want to see us get something done. And so I think - you're going to see a break in this stalemate soon.

Cornish heard a lot of 'meh' on the Hill after Portman switched his gay marriage stance

CORNISH: This is definitely met with a meh by people I know.

RADDATZ: A meh?

CORNISH: Yeah, sort of like, eh, you know, maybe.

And - but also I think what's remarkable, you aren't seeing a lot of like fits of outrage and like very angry emails coming through from people on the other side of this. So, maybe, there's a shift going on regardless of what you think.

Will reiterates 'opposition to gay marriage is literally dying'

WILL: [Portman] will not be the last, because the demographic tide here is large, powerful and execrable. I have said on this program before, opposition to gay marriage is literally dying, it's an older demographic. And if you raise the question among young people, they're not interested. And I dare say this is one of the good things about CPAC. As you saw at CPAC, this was another division and again, a healthy one. It's largely young people attend CPAC. And this is not at the top of their agenda. It's not even on their agenda.

Albright says the Bush administration invaded Iraq for 'God knows what reason'

ALBRIGHT: I supported President Bush on Afghanistan because that is where the people that attacked us on 9/11 came from. The administration - the Bush administration took their eye off the ball in Afghanistan in order to go to Iraq for God knows what reason.

And we now are in a position where neither war is being supported. And we are worried about what is going to happen next. I fully agree with Steve that we now have to worry about what infrastructure there is in Iraq, also in Afghanistan, and the spillover this has on Syria.

Like "This Week" on Facebook here . You can also follow the show on Twitter here .

Get more pure politics at ABC News.com/Politics and a different take on the news at OTUSNews.com .

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Source: http://news.yahoo.com/matthew-dowd-cpac-reminds-going-land-time-173807626--abc-news-politics.html

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Sunday, March 17, 2013

Australia Vacations Become a Top Priority Thanks to New Special ...

Posted by admin on March 16th, 2013

Australia Vacations Become a Top Priority Thanks to New Special Deals Offered by Crystal Travel Center in Thousand Oaks
Thousand Oaks, CA (PRWEB) February 06, 2013

Crystal Travel, located on the border of Thousand Oaks and Westlake Village is now offering specials deals for travel to Australia for members of their private travel club.

According to Crystal Travel Agent Andrew Fiksi, ?Australia is what we consider a dream vacation. Most people only get out there once in a lifetime, if that. It?s just a long flight from where we live here in the United States. And our company is really great about finding the best deals to vacation destinations such as Australia. In fact, we just signed a new vendor that is getting us amazing prices on all aspects regarding a vacation to Australia.?

Because everyone travels a little different, the details can vary too greatly, in that some may want a hotel, some may want a timeshare resort. The best deals are for those who travel within 60 days and take advantage of the Hot Weeks. Though even with hotels, members can receive a price of up to 40% less than they?ve seen on a website. Members can receive up to 30% off on their car rentals.

Crystal Travel is a private club designed for those who travel and want to get the most for their money. To become a member, one must attend a sales presentation and join that day to get the best package deals for their money.

To go to Australia, airfares are lowest from mid-April to late August ? the best time to visit the Red Centre, the Top End, and the Great Barrier Reef. When it is winter in the Northern Hemisphere, Australia is basking in the Southern Hemisphere?s summer, and vice versa. Midwinter in Australia is July and August, and the hottest months are November through March. Remember, unlike in the northern hemisphere, the farther south you go in Australia, the colder it gets. October through March (summer) is just too hot, too humid, or too wet. Try to avoid Australia from Boxing Day (Dec 26) to the end of January, when Aussies take their summer vacations.

To book a trip to Australia, one must be a member of Crystal Travel and their dues up to date.

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Source: http://www.timeshare-info.co.uk/index.php/2013/03/australia-vacations-become-a-top-priority-thanks-to-new-special-deals-offered-by-crystal-travel-center-in-thousand-oaks/

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Saturday, March 16, 2013

Lew hopeful on reaching a budget breakthrough

Treasury Secretary Jacob Lew speaks after touring the Siemens manufacturing plant where electrical drive components for heavy machinery are assembled in Alpharetta, Ga., Thursday, March 14, 2013. Some of the company's large traction drive clients include AMTRAK, Caterpillar and the new Atlanta Streetcar initiative. (AP Photo/David Tulis)

Treasury Secretary Jacob Lew speaks after touring the Siemens manufacturing plant where electrical drive components for heavy machinery are assembled in Alpharetta, Ga., Thursday, March 14, 2013. Some of the company's large traction drive clients include AMTRAK, Caterpillar and the new Atlanta Streetcar initiative. (AP Photo/David Tulis)

Treasury Secretary Jacob Lew, center, smiles as he and Siemens Industry North America CEO Helmuth Ludwig are introduced at the Alpharetta, Ga., electrical drive assembly plant after a tour of the facility, Thursday, March 14, 2013. (AP Photo/David Tulis)

Treasury Secretary Jacob Lew, center, tours the Siemens manufacturing plant with Siemens Industry North America CEO Helmuth Ludwig, left, where electrical components for heavy machinery are assembled in Alpharetta, Ga., Thursday, March 14, 2013. The facility produces large traction drive trains for customers including AMTRAK, Caterpillar and the new Atlanta Streetcar initiative. (AP Photo/David Tulis)

Treasury Secretary Jacob Lew, center, tours the Siemens Industry manufacturing plant with company CEO Helmuth Ludwig, left, where electrical drive components for heavy machinery are assembled in Alpharetta, Ga., Thursday, March 14, 2013. The facility produces large traction drive trains for customers including AMTRAK, Caterpillar and the new Atlanta Streetcar initiative. (AP Photo/David Tulis)

Treasury Secretary Jacob Lew speaks after touring the Siemens manufacturing plant where electrical drive components for heavy machinery are assembled in Alpharetta, Ga., Thursday, March 14, 2013. The facility produces large traction drive trains for customers including AMTRAK, Caterpillar and the new Atlanta Streetcar initiative. (AP Photo/David Tulis)

(AP) ? Treasury Secretary Jacob Lew said Thursday that he is optimistic that President Barack Obama will be able to reach an agreement with Republicans in Congress to break a budget impasse that's triggered across-the-board government spending cuts.

Lew said Obama has been "deeply engaged over the past week in trying to open the door for conversations" with lawmakers in the search for a "sensible center."

Lew, who served as budget director for Obama and also in the Clinton administration, said he expected to be "very much involved in the conversations."

"I think there is a broad understanding of the size of the problem," Lew said. "There's even a broad understanding of what an ultimate solution probably looks like, but we need to figure out the path to get from here to there."

Lew spoke to reporters after touring a Siemens AG manufacturing plant outside Atlanta. It was his first trip since being sworn in as Treasury secretary last month.

Asked in an interview with CNBC whether he thought an agreement could end the automatic budget cuts that took effect March 1, Lew said it was too early to say what the agreement might entail. But he said all agree that the government cuts, which will reduce spending by $1.2 trillion over a decade, pose a threat to the economy.

"I think there are better alternatives, and we have a little bit of time," Lew said. "The conversation is engaged now, and I hope over the coming weeks and months that we can work through this problem."

Obama traveled to Capitol Hill this week to meet with Democratic and Republican lawmakers in both the House and Senate.

Lew said those conversations and discussions he had with senators during his confirmation hearing led him to conclude that "there is a growing number of members on a bipartisan basis who want to do something sensible."

___

AP writer Johnny Clark in Atlanta contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-14-US-Lew-Budget/id-2a5b10cc2dde44eea4628aa297942b8c

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Friday, March 15, 2013

Census: Record 1 in 3 US counties are now dying

(AP) ? A record number of U.S. counties ? more than 1 in 3 ? are now dying off, hit by an aging population and weakened local economies that are spurring young adults to seek jobs and build families elsewhere.

New 2012 census estimates released Thursday highlight the population shifts as the U.S. encounters its most sluggish growth levels since the Great Depression.

The findings also reflect the increasing economic importance of foreign-born residents as the U.S. ponders an overhaul of a major 1965 federal immigration law. Without new immigrants, many metropolitan areas such as New York, Chicago, Detroit, Pittsburgh and St. Louis would have posted flat or negative population growth in the last year.

"Immigrants are innovators, entrepreneurs, they're making things happen. They create jobs," said Michigan Gov. Rick Snyder, a Republican, at an immigration conference in his state last week. Saying Michigan should be a top destination for legal immigrants to come and boost Detroit and other struggling areas, Snyder made a special appeal: "Please come here."

The growing attention on immigrants is coming mostly from areas of the Midwest and Northeast, which are seeing many of their residents leave after years of staying put during the downturn. With a slowly improving U.S. economy, young adults are now back on the move, departing traditional big cities to test the job market mostly in the South and West, which had sustained the biggest hits in the housing bust.

Census data show that 1,135 of the nation's 3,143 counties are now experiencing "natural decrease," where deaths exceed births. That's up from roughly 880 U.S. counties, or 1 in 4, in 2009. Already apparent in Japan and many European nations, natural decrease is now increasingly evident in large swaths of the U.S., much of it rural.

Despite increasing deaths, the U.S. population as a whole continues to grow, boosted by immigration from abroad and relatively higher births among the mostly younger migrants from Mexico, Latin America and Asia.

"These counties are in a pretty steep downward spiral," said Kenneth Johnson, a senior demographer and sociology professor at the University of New Hampshire, who researched the findings. "The young people leave and the older adults stay in place and age. Unless something dramatic changes ? for instance, new development such as a meatpacking plant to attract young Hispanics ? these areas are likely to have more and more natural decrease."

The areas of natural decrease stretch from industrial areas near Pittsburgh and Cleveland to the vineyards outside San Francisco to the rural areas of east Texas and the Great Plains. A common theme is a waning local economy, such as farming, mining or industrial areas of the Rust Belt. They also include some retirement communities in Florida, although many are cushioned by a steady flow of new retirees each year.

In the last year, Maine joined West Virginia as the only two entire states where deaths exceed births, which have dropped precipitously after the recent recession. As a nation, the U.S. population grew by just 0.75 percent last year, stuck at historically low levels not seen since 1937.

Johnson said the number of dying counties is rising not only because of fewer births but also increasing mortality as 70 million baby boomers born between 1946 and 1964 move into their older years. "I expect natural decrease to remain high in the future," he said.

Among the 20 fastest-growing large metropolitan areas last year, 16 grew faster than in 2011 and most of them are located in previously growing parts of the Sun Belt or Mountain West. Among the slowest-growing or declining metropolitan areas, most are now doing worse than in 2011 and they are all located in the Northeast and Midwest.

New York ranks tops in new immigrants among large metro areas, but also ranks at the top for young residents moving away.

In contrast, the Texas metropolitan areas of Dallas, Houston and Austin continued to be big draws for young adults, ranking first, second and fourth among large metro areas in domestic migration due to diversified economies that include oil and gas production. Phoenix, Las Vegas and Orlando also saw gains.

By region, growth in the Northeast slowed last year to 0.3 percent, the lowest since 2007; in the Midwest, growth dipped to 0.25 percent, the lowest in at least a decade. In the South and West, growth rates ticked up to 1.1 percent and 1.04 percent, respectively.

"The brakes that were put on migration during the Great Recession appear to be easing up," said William H. Frey, a demographer at the Brookings Institution who analyzed the migration data. "Native migrants are becoming more 'footloose' ? following the geographic ups and downs of the labor market ? than are immigrants, who have tended to locate in established ethnic communities in big cities."

"Immigration levels are not where they were a decade ago, but their recent uptick demonstrates the important safety valve they can be for areas with stagnating populations," he said.

Mark Mather, an associate vice president at the Population Reference Bureau, noted that political efforts to downsize government and reduce federal spending could also have a significant impact on future population winners and losers.

Since 2010, many of the fastest-growing U.S. metro areas have also been those that historically received a lot of federal dollars, including Fort Stewart, Ga., Jacksonville, N.C., Crestview, Fla., and Charleston-North Charleston, S.C., all home to military bases. Per-capita federal spending rose from about $5,300 among the fastest-growing metros from 2000 to 2010, to about $8,200 among the fastest-growing metros from 2011 to 2012.

"Federal funding has helped many cities weather the decline in private sector jobs," Mather said.

Other findings:

?Roughly 46 percent of rural counties just beyond the edge of metropolitan areas experienced natural decrease, compared to 17 percent of urban counties.

?As a whole, the population of non-metropolitan areas last year declined by 0.1 percent, compared with growth of 1 percent for large metro areas and 0.7 percent for small metropolitan areas.

?In the last year, four metro areas reached population milestones: Los Angeles hit 13 million, Philadelphia reached 6 million, Las Vegas crossed 2 million and Grand Rapids, Mich., passed 1 million.

?Chattahoochee County, Ga., home to Fort Benning, was the nation's fastest-growing county, increasing 10.1 percent in the last year.

The census estimates are based on local records of births and deaths, Internal Revenue Service records of people moving within the United States and census statistics on immigrants.

___

Online: www.census.gov

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2013-03-14-Census-Dying%20Counties/id-94cecba4c2ad4bfeaf36f21352ee6c93

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