Professional Documents
Culture Documents
Edition
Police arrest man who
Schwarzenegger recalls political advice from reported 7 dead in Ga.
home (AP)
Kennedy (Yahoo! News: U.S. News)
Submitted at 8/30/2009 7:27:50 AM
By Peter Cooney (Front Row Days after Kennedy’s death on
Washington) Tuesday at age 77 from brain yan buzzed up: China denounces
Submitted at 8/29/2009 12:30:07 AM cancer, the gathering was proposed Dalai Lama visit to
another reminder of the Kennedy Taiwan (Reuters)
By Ross Kerber family’s drawing power. Scores 2 seconds ago 2009-08-
BOSTON - Standing just a few of police and Secret Service 30T07:41:03-07:00
feet from the flag-draped casket agents shut down roads leading to
of Senator Edward Kennedy, the library and set up a rope line 3 Texas boaters missing
California Governor Arnold to keep more than 100 journalists for a week rescued at sea
Schwarzenegger shared the best and their cameras at bay at the (AP)
political advice he said he ever museum entrance.
got from the uncle of his More of the evening was spent (Yahoo! News: U.S. News)
wife, Maria Shriver. When in laughter rather than tears. Submitted at 8/30/2009 7:13:10 AM
speaking in public, stay away Kennedy would have wanted it
from the specifics. that way, said Gerry Adams, Billfm10 buzzed up: Rep. Frank
”He was a big believer in giving leader of Sinn Fein, a political eyes Fed audit, emergency
the broad vision,” party in Northern Ireland and the lending curbs (Reuters)
Schwarzenegger told Irish Republic. 31 seconds ago 2009-08-
Reuters. Once you start getting “Ted Kennedy was full of 30T07:38:02-07:00
into details, the questions never career, the event was also part windows overlooking the Boston crack,” Adams said, using an Irish Blink-182 Struggles
stop, the Republican governor wake and part political seminar as skyline, former Iowa Senator John expression for fun and mischief Through Show Afte... -
said Kennedy, a Democratic Party political figures told tale after tale Culver, who played football with rather than a drug reference. “I
titan, once told him, adding, about Kennedy, long a towering Kennedy at Harvard University in know that has a different meaning
People Magazine
“They’ll always try to squeeze figure in U.S. politics. the 1950s, got the biggest laughs here.” (Most Popular - Google News)
you for more details.” There was the time Kennedy from the crowd of more than a Photo credit: REUTERS/Brian Submitted at 8/30/2009 6:00:54 AM
Schwarzenegger spoke at the tried to squeeze into a subcompact thousand. Culver recalled how the Snyder (Attendees watch video at
end of an all-star political c a r w i t h f e l l o w young Kennedy once dragged the Boston memorial service for •
gathering at the library and heavyweight, Boston Mayor unknowing Midwesterner to a Senator Edward Kennedy) Post to:
museum for the senator’s late Thomas Menino. Arizona near-death experience crewing his
brother President John F. Republican Senator John McCain sailboat in rough seas.
Kennedy. Billed as a recounted delightful squabbles on “After a while, I was more
“celebration” of the the floor of the U.S. Senate. terrified of him than the storm,”
Massachusetts senator’s life and Speaking before picture Culver said.
2 Politics/ World/ Internet News Record
Senator Kennedy’s final resting spot Home builder stock #1: NVR
By Andy Sullivan (Front Row body count mounted, U.S. (NVR)
Washington) generals turned the property into a By Louis Navellier
Submitted at 8/28/2009 1:58:40 PM military cemetery to ensure it (BloggingStocks)
would have no commercial value Submitted at 8/29/2009 11:00:00 AM
Senator Edward Kennedy will be were Lee to return. Lee’s son won
buried on Saturday near his the property back in court, then Filed under: Stocks to Buy,
brothers, former President John F. sold it to the government for Housing
Kennedy and former Senator $150,000. NVR(NYSE: NVR) is probably
Robert F. Kennedy, at Arlington The cemetery now holds the the healthiest of all the major
National Cemetery. remains of more than 300,000 home builders. In fact, the
The site is about 200 feet south veterans of all of the nation’s company hasn't taken a single
of the eternal flame that marks wars, from the American annual loss yet. The company
John Kennedy’s grave, a popular Revolution through the conflicts reported a quarterly loss for the
tourist draw directly across the in Iraq and Afghanistan. There are fourth quarter of 2008, but all of
river from Washington. roughly 6,400 funerals each year. the other quarters have recorded a
Robert Kennedy’s gravesite, Kennedy will join 155 other profit.
marked by a simple white wooden members of Congress who are Even though NVR is a fairly stock #1: NVR (NVR)
cross, lies about 95 feet away. buried at the cemetery. small company (market value of Home builder stock #1: NVR
It was not clear what type of grassy hillside, directly below the Photo credit: REUTERS/Jim nearly $4 billion), the stock (NVR) originally appeared on
headstone will be on Teddy graceful mansion that was home Young (Funeral planners look carries a very high price. The BloggingStocks on Sat, 29 Aug
Kennedy’s site, or whether it will to Robert E. Lee, the general who over the site where Kennedy will shares are currently over $660 a 2009 11:00:00 EST. Please see
include a granite plaza similar to led Confederate troops in the be buried) piece, which is even higher than our terms for use of feeds.
those of his brothers, a cemetery Civil War. Google. Permalink| Email this| Comments
spokesperson said. The U.S. government seized the Continue reading Home builder
All three sites are on a steep property during the war. As the
‘Shorters’ retreat helps fuel volatility Home builder stock #3: KB Home
(Financial Times - US among short sellers,” said Gordon (KBH)
homepage) Charlop, managing director at By Louis Navellier
Submitted at 8/28/2009 11:30:51 AM Rosenblatt Securities. The low (BloggingStocks)
volumes and resulting short Submitted at 8/30/2009 9:00:00 AM
Short sellers have been deserting squeeze, in turn, have cast doubt
the US stock market in droves on the current rally’s Filed under: KB HOME (KBH),
during its sluggish summer sustainability. Stocks to Buy, Housing
sessions in a retreat that has “There is less legitimacy about KB Home(NYSE: KBH) was
helped fuel the recent volatile the rally in the last week as it has hit incredibly hard by the housing
trading in AIG and other beaten- been based on low volumes,” said bust. The stock fell from $82 to
down financial shares, analysts Jim Paulsen, chief investment just $7 per share. We haven't seen
said on Friday. strategist at Wells Capital shakeouts like that since the tech
Short sellers seek to profit from Management. bust.
price declines by selling borrowed Analysts said they expect that in Unlike some of the other home
shares and then “covering” their major equity indices had fallen to September, fundamentals will builders, KBH probably hit
positions with purchases of the the lowest levels since at least return as the main driver of equity bottom early. The company's loss
same stocks. When large numbers October 2007. prices. from last year wasn't as bad as its
of short sellers close their “The US Fish and Wildlife AIG officials declined to loss from 2007, and that's a good stock #3: KB Home (KBH)
positions by buying shares at the Service may have a new candidate comment on the share price. But sign. Home builder stock #3: KB
same time, the stocks involved for its endangered species list,” people close to the company said What I also like about KB Home (KBH) originally appeared
can register explosive – and often said Paul Hickey of Bespoke. “It’s executives attributed the sharp Home is that the stock's volatility on BloggingStocks on Sun, 30
inexplicable – gains. short sellers.” rise in the stock to a combination has calmed down, which is often Aug 2009 09:00:00 EST. Please
Although stocks gave back Closing short positions has been of a short-sellers covering their the result of heavy institutional see our terms for use of feeds.
some of their gains in early particularly difficult recently positions and a widespread stock buying. Permalink| Email this| Comments
trading on Friday, the S&P has because of low summer volumes. market rally. Continue reading Home builder
climbed steadily in August to its At the same time, trading - which The said recent strong
highest levels in 10 months, with is now dominated by rapid-fire performances in the broader
some of the best performing computer systems - has become market had increased investors’
Senator Ted Kennedy Laid to Rest
stocks being those that were most fragmented across exchanges and expectations of the value of the (ETonline - Breaking News) Senator Robert F. Kennedy are
heavily sold short – AIG, Fannie various electronic platforms. The large businesses AIG has to sell in Submitted at 8/29/2009 6:08:00 PM buried.
Mae, Freddie Mac and Citigroup. result has been agony for short order to repay some $80bn in Colleagues and admirers lined
Analysts say short sellers have sellers of stock such as AIG, who federal aid. Recent comments by Sen. Ted Kennedy was laid to the steps of the U.S. Capitol and
been closing many of their have been squeezed, in the market Robert Benmosche, the insurer’s rest in Arlington National memorialized Kennedy when his
positions in recent weeks. Short place, as they try to buy shares to new chief executives, suggesting Cemetery in Arlington, VA, on motorcade made a stop there en
interest as a percentage of S&P close their positions. AIG shares the company will slow down its Saturday evening following his route to Arlington National
500 stocks fell to its lowest level has soared 260 per cent since disposals programme in order to funeral service earlier that Cemetery, known as the last
in eight months by mid-August, early August. reap as a high a price as possible morning in Boston. resting place for heroes and
according to the most recent data. ”Trading volumes are somewhat also helped, according to people Kennedy's final resting place is notables of United States history.
Bespoke Investment Group said lower and centred around a few familiar with the matter. next to where his brothers
average short interest in other stocks that have been in play President John F. Kennedy and
Avoiding recession
(The Economist: News marked the third consecutive economies have begun growing other crops. And industry
analysis) quarter of double-digit decline. rapidly in "sequential" quarter-on- contracted for the second straight
Submitted at 8/28/2009 2:49:47 AM At the same time, fiscal quarter terms, they are still quarter, falling 0.3%. Although
stimulus helped to support contracting quite sharply in year- the government's fiscal measures
Aug 28th 2009 domestic demand, boosting on-year terms. This highlights the boosted construction, which rose
F r o m t h e E c o n o m i s t government consumption as well fact that, while the lowest point of by 16.9%, and mining and
Intelligence Unit ViewsWire The as investment, in particular in the downturn has probably passed quarrying also recorded a big
economy of the Philippines is construction. (Public-sector (which quarter-on-quarter gain, growth in these areas was Bokeh Filter Turns
starting, just, to recover construction investment grew by comparisons would indicate), the more than offset by the decline in Blurry Lights Into
Like a number of its Asian a r o u n d 3 0 % i n t h e s e c o n d recovery is occurring from a low manufacturing. This underlines
neighbours, the Philippines has quarter.) Meanwhile, private base. Economic activity in those the weakness of demand for Distinct Shapes
begun to rebound from the consumption—the mainstay of the countries is still much weaker Philippine exports, which has hit [Photography]
economic downturn. In the three P h i l i p p i n e e c o n o m y — f e l l than at the same time last year. manufacturers hard. Outlook
months to June, year-on-year real somewhere between these two Not so in the Philippines, Despite the encouraging second By Dan Nosowitz (Gizmodo)
GDP growth recovered to 1.5% extremes. It grew by 2.2% year on however. Although the return to quarter, the Philippine economy Submitted at 8/29/2009 5:00:00 PM
from 0.6% in the first quarter. In year, an improvement on the first robust quarter-on-quarter growth faces a tough period of
seasonally adjusted terms, the quarter, when consumer spending of 2.4%—the highest in over two adjustment. Although an Bokeh, which is the out-of-focus
economy grew 2.4% from the increased by just 1.3% in real years, following a first-quarter increasing number of indicators in light distortion in the background
previous quarter, thereby avoiding terms from the same period a year contraction of 2.1%—fits the many countries suggest that the of a photo, is more and more seen
a technical recession. The global earlier, but far below the quarterly international pattern, the economy world economy is emerging from as an aesthetic element of
c r i s i s h a s n o t a f f e c t e d t h e average of 5.3% in the five years has not contracted at all in year-on recession, growth in the next three photography. This lens brings it
Philippines as badly as it has from 2004 to 2008. Private -year terms during the current or four years will be substantially more attention by shaping those
some other Asian economies, but consumption nonetheless made global crisis. Growth of 0.6% in lower than in the recent past. The blurs into stars, hearts, and more.
conditions will remain tough until the biggest contribution to GDP the first quarter appears to have Philippines will not feel the The Bokeh Filter is a physical
there is a sustained recovery in growth, of 1.7 percentage points. marked the low point in the impact of the weak recovery as lens that attaches to any
global demand. A key factor in this performance current cycle. Still, the recovery is directly as many other Asian mainstream DSLR and blocks out
In many respects the latest is that remittances from overseas far from entrenched. At just 1.5% economies, which are much more small pieces of light to create the
government data, released on F i l i p i n o w o r k e r s h e l d u p year on year, real GDP growth in export-dependent. But the indirect desired patterns. Changing the
August 27th, confirm a pattern of reasonably well—growing by the three months to June was far impact on private investment and cool blurry streetlights behind
r e c o v e r y s i m i l a r t o t h a t 3.1% in US-dollar terms in the below the 2004-08 quarterly consumption will be important. In your ladyfriend into hearts?
increasingly appearing in other second quarter—despite fears that average of 5.5%. addition, the country's chronic Cheesetastic. But used subtly (that
crisis-hit economies (both in the global downturn would In output terms, the service fiscal weakness means that public would mean using no shapes that
emerging markets and advanced drastically reduce such inflows. sector was the main driver of debt is relatively high, limiting the are also found in a box of Lucky
economies). Exports remain That said, remittance data have economic growth in the second government's scope to continue Charms), this could bring a really
extremely weak, reflecting the probably been flattered by the fall quarter. Services output rose by with fiscal stimulus if there is no cool element to some photos. And
severe problems in markets such in the peso compared with the 3.1% year on year, up from 2% in pick-up in external conditions to hell, if you're going for outright
as the US and EU. In real terms, same period last year. the previous quarter. Government support a self-sustaining recovery. cheese, might as well do it
the Philippines' exports of goods Where the Philippines differs services rose by 7.7% in real Back to top ^^ Readers' naturally and not in the edit room,
and services contracted by 16% from its neighbours—and indeed terms, reflecting stimulus comments right? [ Bokeh Filter via
year on year in the three months f r o m m o s t c r i s i s - h i t spending. Trade rose by 3% on The Economist welcomes your Geekologie]
to June, hit by the continued lack economies—is that the crisis has the back of strong growth in retail views.
of overseas demand for goods g e n e r a t e d l e s s p r o n o u n c e d activity. In contrast, agricultural
such as electronics, electrical economic ups and downs. Most growth slowed sharply due to
equipment and garments. This strikingly, whereas many other weak production of rice and some
Internet News Record Economy/ Gadgets/ 25
Utah Now Punishes Texting While Driving With Up to 15 Years in Prison [Crime]
By Dan Nosowitz (Gizmodo) act is inherently reckless and far stronger law than most of could be extremely severe—up to
Submitted at 8/29/2009 4:00:00 PM punishes it as harshly as drunk those already existing in other 15 years in prison. It's a harsh law
driving. states; California's, for example, but we can't deny that texting
The Senate may be trying to pass Passed after a texting driver punishes offenders with a tiny while driving is incredibly
a federal ban on texting while killed two scientists, the law fine, usually around $20. dangerous. [ NYTimes]
driving, but Utah recently passed would put texting while driving in driving if any crash happens. It's a In Utah, if you were to crash
a much stronger bill: It views the the same legal category as drunk while texting, the punishment
26 Economy/ Gadgets/ Tech/ Internet News Record
The coming days: The week ahead 'Too Big to Fail' Has
(The Economist: News
analysis)
Submitted at 8/29/2009 10:39:06 PM
Russia’s president, sent a nasty
letter to Ukraine’s president,
Viktor Yushchenko, alleging that
has lodged a counter-complaint
alleging that the American
planemaker gets an array of
Gotten Much Bigger
Ukraine had supplied arms to subsidies from different American (Financial Sector and Stocks created and firewall these balance
The coming days Georgia. In addition Russia agencies, research contracts for its Analysis from Seeking Alpha) sheets from proprietary trading
Aug 30th 2009 accused Ukraine of making life military arm as well as tax breaks Submitted at 8/30/2009 6:52:40 AM and risk taking.
From Economist.com The Dalai difficult for Russia’s Black Sea from several states. I don't want the Administration
Lama visits Taiwan, and other fleet (which is based in a See article Once the market stabilizes, to go on some sort of pro cyclical
news Ukrainian port), signing • FINANCE ministers something needs to be done to binge regulating the banks into
• AS THE Dalai Lama makes a treacherous pipeline deals with representing the G20 group of isolate systemic risk in some of zero profits. Rather, the balance
five-day trip to Taiwan beginning the European Union and kicking rich countries will begin a two- these very large banks. Right sheets that by nature of size or
on Monday August 31st, visiting out Russian diplomats. A more day meeting in London on Friday now, all of the largest institutions scope require underwriting by the
victims of Typhoon Morakot, conciliatory approach by Mr Putin September 4th. They are planning have experienced huge market US taxpayer need to be
which swept through the country seems unlikely. to lay the ground for a summit share gains in mortgage and other "firewalled" from those that
early in August, China-watchers See article meeting of G20 leaders in segments while at the same time undertake speculative risks.
will study the intensity of the • RATE-SETTERS at the Pittsburgh at the end of the have huge risk taking operations. Guys like Jamie Dimon over at
reaction from Beijing. Relations European Central Bank(ECB) month. The ministers are likely to Not to pick on poor Goldman ( JP Morgan ( JPM) should be a big
between China and Taiwan have begin a two-day meeting on agree on the need to sustain GS), who gets enough heat these part of how we figure out how to
been warming recently, with talk Wednesday September 2nd. The stimulus programmes to maintain days, but the taxpayer shouldn't do this. Of all the CEOs, this guy
of a free-trade deal and friendly bank is unlikely to alter its main fragile recoveries. Bankers' pay be guaranteeing one half of the has the best regulatory head and
bilateral meetings. But the policy settings but Jean-Claude will also loom large in balance sheet while the other half makes the most sense--he'd make
presence of the Tibetan spiritual Trichet, its president, will use a discussions. Widespread disquiet goes hunting in the hen house. a great replacement for Geithner,
leader on Taiwanese soil has press conference to outline the over the return of big bonuses This applies to Bank of America ( who is not a strong Treasury
already been condemned by bank's latest economic forecasts. while the wounds of the credit BAC), Morgan Stanley ( MS) Secretary. The battle plan, I
China. A particularly frosty See article crisis are still raw has prompted (which is, as we speak, rapidly believe, is to reform our
Chinese response is likely if • A LONG-RUNNING row proposals for tougher rules increasing its balance sheet risk) regulatory system first then fix the
President Ma Ying-jeou meets the between Boeing and Airbus over governing bonus payments in the and virtually every other large banks. However, I don't think
visiting dignitary. the extent of state assistance to the financial sector, but the G20 is institution. Just to be fair, Geithner is strong enough to do
See article two firms may be brought closer unlikely to adopt a “cap and tax” Goldman took a lot of these risks this. Jamie Dimon is though and,
• RUSSIA'S prime minister, to a resolution. The World Trade system as mooted by France. at the behest of the Fed, which if asked, he'll serve.
Vladimir Putin, and his Ukrainian Organisation is set to rule on See article wanted to encourage risk taking With bank profits finally
counterpart, Yulia Tymoshenko, Friday September 4th on a case Back to top ^^ Readers' again to stabilize the market. At stabilizing, this process may be
will meet on neutral ground in brought by America against the comments some point, once the seas are coming sooner rather than later.
Warsaw on Tuesday September European aerospace consortium The Economist welcomes your quiet the table needs to be re set. Just to appease the disclosure
1st at the invitation of the Polish over government subsidies it has views. At we get more visibility into a gods, I am long the common,
government. Relations are taken, for example in the form of situation where these institutions preferred and debt of BofA,
strained after Dmitry Medvedev, launch aid for new planes. Europe have income that outstrips loan Citibank ( C), and JP Morgan.
losses, we need to look at ways to
dismantle the behemoths we have
IM+ 3.4 to support Speech Recognition for Twitter and IM (for a price)
By Greg Kumparak about every time I get a chance to my iPhone's made-for-babies might offer voice-tweeting as its
(CrunchGear) tweet, I can't. Maybe my hands keyboard. Voice recognition sole functionality. Fortunately, an
Submitted at 8/29/2009 11:48:31 PM are covered in grease as I'm Twitter apps are intriguing, but already worthwhile app has come
stuffing my face with a delicious none of the major Twitter clients along and solved all my problems
Unlike some people around these burger; maybe I just don't want to have it yet (as far as I know), and via upgrade.
parts, I loves me some Twitter come home from a long day of thoughts into 140 characters with I'm just not hardcore enough to
(psst, follow me.) Thing is, just blogging and have to squeeze my drop money on any apps that
30 Economy/ Gadgets/ Tech/ Internet News Record
Wouldn't The Last
Real Estate Exposure Hurting Regional Banks Thing We Want During
A 'Cybersecurity
(Financial Sector and Stocks estate market as well as
Analysis from Seeking Alpha) commercial property and Emergency' Be For The
Submitted at 8/30/2009 5:46:29 AM construction loans. Gov't To Take Over
Increasing FDIC fees (which the
We received a thoughtful FDIC will eventually have to do) Private Networks?
comment from EPEON (on on secured deposits will make the By Michael Masnick (Techdirt)
Seeking Alpha) on the recent post situation even worse. Submitted at 8/28/2009 3:56:49 PM
called Small bank, big bank - the The market definitely
difference is real estate exposure: recognizes this. The chart below A bunch of folks are sending in
I have reviewed a lot of small compares year-to-date this News.com story about a draft
banks and I have to say that your performance of KRE- the regional of the latest cybersecurity bill,
analysis is true but entirely banks ETF (down 24.7%), and that still includes bizarre and
misleading. Small banks (and VFH- the Vanguard Financials totally unnecessary language that
credit unions) do, indeed, have a ETF (up 18.8%). Regional banks would allow the President to
higher exposure to real estate are clearly struggling. declare a cybersecurity
loans. However, the exposure is The small and regional banks emergency and then be able to
usually to their own depositers excessive real estate exposure and take control over private computer
and or members. The banks and lack of diversification has been a networks. First, the idea of the
credit unions have relationships major factor in bank closings and whole "cybersecurity emergency"
with these people and they know, is likely to continue pressuring that would require such a thing
quite well, the credit worthiness these institutions going forward. still remains a science fiction idea.
of these people. From Bloomberg: Yes, there can be cybersecurity
Their default rate is usually far diversified, with tremendous The overheated real estate areas The U.S. added 111 lenders to attacks and they can cause all
lower then it was on the subprime exposure to real estate in their tend to get hit with more bank its list of “problem banks” in the sorts of problems, but these are
crap. So, the problem is not real communities. And as the closings. There are obviously second quarter, a 36 percent problems that generally are not
estate. Rather, the problem is communities came under pressure idiosyncratic local factors increase that pushed the group to life-threatening or that can't be
loaning money to people that are in the recession, so did the banks. affecting bank closings, but the a 15-year high. handled reasonably.
not credit worthy. Here is a map showing housing pattern is clearly there. A total of 416 banks with But the bigger issue is why the
This is an excellent point, and is price to income ratio. No surprises Regional banks' real estate combined assets of $299.8 billion government should be taking
indeed part of the problem. here - the overheated markets are exposure will continue to pressure failed the Federal Deposit control over private networks.
Smaller and regional banks lend all showing up in yellow and their balance sheets, making it Insurance Corp.’s grading system This is the same gov't that doesn't
within their community, often to orange. harder to lend, compressing their for asset quality, liquidity and let people in the State Department
clients they know well. However Source: CreativeClass.com earnings, and forcing some to earnings, the most since June use Firefox and which thinks that
just as their clients were stretched And here is a map of bank close. And at this stage it's not the 1994, the Washington-based RealPlayer is the state of the art in
on their real estate purchases, so closings. Again, it shouldn't be a sub-prime that is causing the FDIC said in a report today. online video streaming. Even if
were the banks on their lending surprise given banks' exposure to problem, it's the prime lending there were a "cybersecurity
practices. Part of the issue is that real estate in their communities. into what was an overheated real emergency," I would think the last
regional banks have been poorly people I'd want to take charge
would be the federal government.
CrunchDeals: Kodak Zi6 HD Pocket Video Camera Permalink| Comments| Email
By Matt Burns (CrunchGear) nice little camera and Woot has a SD/SDHC card and you can get This Story
Submitted at 8/30/2009 5:54:58 AM nice deal one ‘em today. about 40 minutes to fit on a 2GB
Amazon sells the pocket cam card. Don’t expect production
Pocket video cameras might for $122, but if you can deal with quality video out of it, but we use
eventually be killed off by the a refurb, Woot has one for only these cameras all the time and
iPod horde, but that doesn’t mean $69.99. You even get your choice they get the job done.
that the current crop aren’t worth of black, pink, or red. The little 60 fps with 16:9 aspect ratio. All
your time. The Kodak Zi6 HD is a camera can capture 720p video at that media gets stored on a
Internet News Record Economy/ Tech/ Entertainment 31
Questions Raised As To Why
Why Goldman's $4 Trillion Connected Nation Selected In Florida
Projection Is Wrong Despite Costing More Than Double
(Financial Sector and Stocks companies in its emergency prime equivalent. Economically By Michael Masnick (Techdirt) involved in other Connected
Analysis from Seeking Alpha) lending programs after losing a BofA could and should be using Submitted at 8/28/2009 5:18:00 PM Nation projects, raising questions
Submitted at 8/30/2009 5:34:18 AM Freedom of Information Act the sub-prime TALF financing, about Connect Florida's
lawsuit. but because TALF is a high We've already discussed how understanding of the Florida
From Bloomberg: Manhattan Chief U.S. District profile program and the media Washington DC darling market. So how did Connect
J a n H a t z i u s , c h i e f U . S . Judge Loretta Preska ruled against would learn that BofA is the only Connected Nation appears more Florida win? According to
economist at Goldman Sachs the central bank yesterday, large bank doing a sub-prime and more like a telco sponsored sources, one of the five judges
Group Inc. ( GS), said the Federal rejecting the argument that loan deal, they stayed away. From boondoggle to control gov't gave ISC the win, with an eight-
Reserve could double the size of records aren’t covered by the law Bloomberg: mapping mandates and collect point differential over CN. Two
the central bank’s balance sheet because their disclosure would JPMorgan Chase & Co., gov't money, without having to other judges gave CN a two-point
again if needed to support harm borrowers’ competitive Citigroup Inc. and American give up real data on broadband win. One other judge gave CN a
economic growth. positions. Express Co. are among issuers access. But, for some reason, 15-point win over ISC. Yet in
A rise in the balance sheet to $4 This suit, filed by Bloomberg that sold $21 billion of card- politicians just seem to love another curiosity, one judge gave
trillion is a “possibility,” Hatzius under the Freedom of Information backed debt this year through the Connected Nation (CN). Last time CN a 51-point win. That judge
s a i d i n a n i n t e r v i e w o n Act, will force the Fed to release Term Asset-Backed Securities I was in DC, it was all anyone was Bill Price, currently the
Bloomberg Radio in New York. t h e n a m e s o f t h e b a n k i n g Loan Facility, a Federal Reserve was talking about concerning broadband stimulus program
“It is going to depend on not just institutions who are borrowers lending program to spur bond broadband policy. However, there manager for the state of Florida, a
what inflation does, but also on under the various liquidity sales. Bank of America, the only are more and more questions position he has held for the past
whether the economy does move facilities. And there is nothing major card-issuer that didn’t sell being raised now. Apparently, three months. According to his
back to a slower growth pace.” that banks hate more than being any, lacks enough quality loans in Connected Nation got a big win in profile on the Linked-In social
This scenario is truly scary (and perceived as weak, which is what its credit-card trust to sell TALF Florida recently, despite the fact networking site, Price was vice
may also be great for Goldman would happen upon disclosure bonds without being labeled a that its bid for mapping was more president for business
because there would be that much that they had to borrow from the subprime issuer. than double the next runner up, development for BellSouth
more paper Goldman can sell to Fed. Institutions who are using So Goldman's projection on the ISC. Connect Florida -- a brand Business. Remember how
the Fed), but such a massive these facilities will now simply Fed's balance sheet doubling is new "affiliate" of Connected Connected Nation is really closely
b a l a n c e s h e e t b u i l d u p i s stop, unless they absolutely need just wrong. The securities Nation, bid $7.1 million. ISC, connected to the telcos? And a
increasingly unlikely. The Fed the Fed's support to survive. purchasing may continue for a which is actually based in Florida former telco exec who only
will continue its securities An example of this is Bank of while (although some in the Fed and has worked with Florida gov't recently got the state gov't job
purchases, but the lending facility America's ( BAC) refusal to are getting increasingly nervous agencies in the past, bid $2.8 suddenly happens to rate it up
usage will collapse, resulting in a participate in the TALF program about it), but the purchases will be million. ISC used references for massively over the second place
much slower balance sheet because its credit card portfolio offset by reductions in bank its actual work on the ground in competitor? Doesn't that at least
growth. Here is the reason (from would be classified as sub-prime. liquidity facilities. Florida, including "the Florida raise some ethics questions?
Bloomberg): TALF provides financing on sub- Department of Health, the Florida Perhaps there's more to it, and
The Federal Reserve must for prime cards as well as auto, with Department of Transportation, the perhaps there are good reasons
t h e f i r s t t i m e i d e n t i f y t h e leverage that's a bit lower than the Florida Department of Agriculture why Connect Florida is better
and two local businesses, than ISC. But it sure does seem
A Life in Pics: ET Remembers Michael Jackson on his 51st including an Economic like Florida owes the public an
Development Council. The ISC explanation of what those good
Birthday application also listed 11 contracts reasons might be.
(ETonline - Breaking News) surrounding his shocking death on popular recording artists of all the company has with Florida Permalink| Comments| Email
Submitted at 8/29/2009 10:37:00 AM June 25, Michael Jackson will be time, with his greatest success state agencies." Connect Florida, This Story
forever immortalized for his during the 1980s. on the other hand, named out-of-
Saturday, August 29 would have world-famous songs, trademark Take a look through the decades state references who were
marked the 51st birthday of dance moves and chart-topping at the rare photos of a man who
Michael Jackson, the King of Pop. success. The international icon revolutionized music.
D e s p i t e t h e c o n t r o v e r s i e s was arguably one of the most
32 Gadgets/ Internet News Record
BrowserPlus technology to a
broader audience, making Doesn’t it just feel great when
installation of the browser- you get stuff for free? Free t-
boosting plug-in a default part of shirts? I’ll take five. A contest to
installing the beta of the new win a Macbook? I’m game. the hottest free deals being shared
Yahoo Messenger 10 that There’s even an eBay for free on Twitter, the most recent deals
emerged this week. stuff now. Freezly has found, and an archive
BrowserPlus gives Web sites Still, finding free stuff is tough of past giveaways.
some better abilities taken for because it isn’t easy to find all the It’s surprisingly accurate at only
granted in applications that run great free offers on the web. More picking out free deals and
natively on a computer, and and more though, people have giveaways. Free restaurant
because it's a framework, new turned to Twitter to help me find coupons, contests for Macbooks,
abilities can be added later. those deals. Many (myself T-shirt giveaways – we’ve found
Among the current features are included) have saved a bundle on the entire spectrum on this
the ability to drag files from the quality clothing and free platform. Our only complaint is
desktop to the browser, to read giveaways. But Freezly looks to that the algorithm needs to
accelerometer data to judge a be the coolest and most efficient remove completed contests from
propagate enough that Web site supports: way to find free stuff yet, and its the “hottest” page, but really
computer's orientation, to edit programmers can safely assume Windows XP: supports Firefox discovery algorithm is powered
images, and to upload many files that’s our only major criticism.
they can be used. One way to 2 or newer, Safari, IE6 or newer, by tweets. Social media + finding free stuff
at once. tackle the issue is to piggyback on and Google Chrome
BrowserPlus is installed by Freezly is a lot like Tweetmeme = awesome. Time for me to win
the distribution of other, popular Windows Vista: supports in that it finds link and tweets and myself some T-shirts or maybe a
default during the installation of software--a technique long Firefox 3 or newer, Safari, IE6 or shows you their popularity based
the Yahoo Messenger 10 beta. motorcycle. Reviews:
employed to encourage adoption newer, and Google Chrome on retweets. Freezly though only Tweetmeme, Twitter
Those who don't want it can of browser toolbars. Windows 7: Same as Windows picks up free giveaways and items
deselect it through the custom Tags: Freezly, twitter
Many companies are working Vista, in experimental status with its algorithm. You can see
installation path. hard on the "Open Web," in Mac OS X 10.4 and 10.5:
Yahoo announced BrowserPlus which advanced abilities are built Recent versions of Safari and
in May 2008, then upgraded it and directly into Web standards such Firefox 3 or newer
made it open-source software in as HTML 5. However, plug-ins Mac OS X 10.6: Firefox 3 or
November. such as Flash, Microsoft better (Safari support in the
BrowserPlus is one of many Silverlight, BrowserPlus, and works)
extras that can be disabled in the Google's Gears can advance the Updated 1:58 p.m. PDT to
custom section of the Yahoo state of the art faster. correct the initial release date of
Messenger 10 beta Update 4:55 p.m. PDT: Yahoo BrowserPlus.
installation.(Credit: Screenshot by said it does in fact plan to include Originally posted at Deep Tech
Stephen Shankland/CNET) BrowserPlus in the final version
Adobe Systems' Flash Player of Yahoo Messenger. Also, it
plug-in is widely installed, but shared this list of the browsers
plug-ins in general are hard to and operating systems the plug-in
42 Tech/ Sports Internet News Record
When the Apple tablet comes out, are Leno's new show to feature
you in? musical guest mashups
By Mike Moody (TV Squad)
(CNET News.com) about charging well over $500. Submitted at 8/30/2009 10:22:00 AM
Submitted at 8/30/2009 4:00:00 AM Competing devices will vary
widely. My prediction is that the Anyone out there genuinely
The gadget industry is waiting in market outside of an Apple- looking forward to The Jay Leno
suspense, wondering if you're branded tablet will not be a Show? Anyone?
going to buy an Apple tablet. Windows-Intel enclave. Like cell Like most Squadders, I'm not
Because if you do, they're going phones and media players, many too thrilled with NBC's decision
to flip the production-line on tablet devices will likely be to hand over the nightly 10 p.m.
switch. offered by carriers and device timeslot to Leno, leaving less
The ultra-thin MacBook Air makers using the ubiquitous ARM room on the sked for scripted
exudes some of the aspects of an processor that runs operating dramas. The thought of watching
expected Apple tablet, according systems like Google's Android or Leno's incredibly bland stand-up
to one analyst(Credit: Apple) the upcoming Chrome OS. routine and more "Jaywalking"
Apple has a knack for creating But I will go out on a limb and Why ARM chips? They're segments in prime time doesn't
new categories of devices. The say I trust him. He claims the cheap, very power efficient really appeal to me. But I might
iPhone arguably created the high- MacBook Air has some of the (necessary for all-day battery just tune in, at least for a few
end smartphone segment and the aesthetic qualities of the tablet.) life), and have enough minutes every night, to check out
design was parroted by dozens of The point is that many Asia- horsepower to make a tablet the show's musical segments.
device makers and carriers. The based manufacturers would be experience compelling. Texas Leno says he plans to showcase
MacBook Air inspired the Instruments, Qualcomm, interesting musical groupings artists and hitmakers - I don't
quite pleased if the Apple tablet think we'll see people like Mos
ultrathin laptop category. was a success and, as a result, Samsung, and Nvidia are either when the show kicks off Sept. 14.
The expected--and highly- offering chips now--or are slated Up first will be Jay-Z with Def and The Silversun Pickups
ushered in a new device category. sharing NBC's stage anytime soon
anticipated--Apple tablet would Needless to say, companies like to bring out silicon next year--that superstars Rihanna and Kanye
do the same. Manufacturing can easily scale up from West. On Sept. 17, Leno will - but I'm looking forward to
Dell, Sony, and Acer would seeing who else gets booked to
companies in Asia are eager to quickly follow suit if consumers smartphones to larger devices like feature guitar legend Eric Clapton
find a new category of devices to tablets or media pads. performing with Bruce Hornsby perform together.
started snapping up boatloads of Filed under: Other Comedy
fill up their factories, according to Apple tablets. What's that? Don't think you and the Noisemakers. Clapton and
an analyst I spoke with recently would buy one? Don't think a Hornsby will perform "Space is Shows, Celebrities, Reality-Free
But Apple will stay above the Permalink| Email this| |
who monitors these things. fray, according to this analyst, tablet fills a market need? Get the Place," a song from Hornsby's
I will make an exception--which back to me a year from now when new album. Comments
offering a device that's very thin,
I almost never do--and not light--and expensive. In other you have a sudden epiphany and Leno's musical segments will
identify the analyst. He claims to words, don't expect Apple to find yourself in an Apple Store or probably only feature mainstream
have seen a prototype of the bring out a $199 tablet, as you Best Buy eying one as an essential
Apple tablet and would prefer not may see from other companies adjunct to your inner circle of
to be identified. (Yeah, I know, that market a media pad-type gadgets.
more than a few analysts claim device. Apple won't be bashful
they have seen the furtive device.
NFL page 68
68 Game Internet News Record
NFL
continued from page 67
against the Jacksonville Jaguars he spent a year-and-a-half in numbers expected of someone where some overserved Bleacher
on Thursday night. prison,” Judge writes. “But I being paid such a handsome Bums go racial on Bradley.”
His appearance for the guess I expected more from him salary. He’s batting only .255 ***
Philadelphia Eagles was as short and the Eagles. I guess I expected after Thursday’s 0-for-5 effort Enrique Oliu is just like
as it was subdued: six plays, in Vick to play a complete series, or against Washington. hundreds of color commentators. Australia's PS3 Ultimate
which he completed all four of his most of a complete series, instead The Chicago Tribune’s Phil Before games, he interviews Blu-ray Movie Kit is
pass attempts for 19 yards and of making cameos. I guess I Rogers urges general manager Jim players and memorizes stats,
rushed once for a yard. He lined expected him to be more involved Hendry to release Bradley. “For a hometowns and other tidbits that only kind of ultimate
up in the slot on another play. in the Eagles’ red-zone offense, variety of reasons, almost all of will make Tampa Bay Rays fans By Griffin McElroy (Joystiq)
More interesting was the reaction too. But he wasn’t involved at his own making, Bradley has not tune into his Spanish-language Submitted at 8/29/2009 10:00:00 PM
of the crowd making its first all.” been a contributor for manager radio broadcasts. But he’s
interactions with a player just The Vick storyline was the only Lou Piniella and the Cubs, at least different in one way: He’s blind. The word "Ultimate" really gets
back from serving 18 months in reason Philadelphia’s 33-32 win not in normal terms,” Rogers The Los Angeles Times’s Kevin thrown around a bit much in retail
prison for his role in running a over Jacksonville merits a writes. “You could count him — Baxter has the story. circles -- for instance, in our
dogfighting ring. mention in the Fix. Because, let’s and Hendry’s decision to get him *** minds, the "Ultimate Blu-ray
“If you were listening for cheers, face it, preseason football has — as the leading contributor to Motorcyclists know they can’t Movie Kit" would possess every
there were cheers, augmented by a about as much news value as the epic 2009 disappointment. repeal the laws of physics, but Blu-ray movie ever made, a PS3
portion of the crowd that chose to drying off at the beach with a wet And now, with his latest they’ll test the limits this weekend Slim, a machine that somehow
stand while delivering them,” the towel. Sports Illustrated’s Don comments creating an integrity at the Red Bull Indianapolis produced delicious sandwiches,
Philadelphia Inquirer’s Bob Ford Banks gives five reasons why the issue, he has to go.” Grand Prix. While speeds hit 200 and a date with which to watch
writes. “If you were listening for regular season should be Tribune colleague Steve mph on straightaways, it’s on the the aforementioned films. The
boos, there were some of those, expanded. The Root’s Martin Rosenbloom thinks Bradley might tight turns where racers show date would also have to hate
too, although not many by Johnson, however, finds watching be playing the race card to take their mettle on their motorcycles, sandwiches, because -- hey, hands
Philadelphia standards and the fourth quarter of exhibition focus off his terrible season. “Was Phillip B. Wilson writes in the off, those are our sandwiches.
definitely not many by dog-killing games fun. Bradley’s statement about facing Indianapolis Star. Sadly, Australia's recently
felon standards. This was a Of bigger concern to the NFL hatred on a daily basis a vague but *** released "PS3 Ultimate Blu-ray
football crowd, after all, and it than the appeal of preseason severe venting only about being The Sports Business Journal’s Movie Kit" doesn't include any of
came for playmaking not politics, football is the likelihood of more booed for underachieving as a Bill King notes that with so many those things -- rather, the $60
for spectacle not speeches.” television blackouts this season baseball player?” Rosenbloom jobs lost at newspapers across AUD (or $51 U.S.) bundle only
ESPN’s Matt Mosley thinks it because the lagging economy may blogs. “If Bradley can talk in North America, sports coverage is comes with a PS3 remote and two
was wise for the Eagles to get decrease attendance, the broad generalities, so can I. And getting innovative, especially by films. Both of the two currently
Vick into a meaningless Washington Post’s Mark Maske Cubs fans don’t seem to base their team Web sites. available bundles come with 300,
exhibition game so that if Vick is writes. boos [on] skin color.” – Tip of the Fix cap to reader but their second films vary -- one
reinstated by Week 6, there will *** ESPN’s Gene Wojciechowski Don Hartline and fellow Fixer includes 10,000 B.C., while the
be less chance of a circus The Chicago Cubs have a $30- thinks there might be merit to David Roth. other comes with Batman Begins.
atmosphere at his regular-season million headache on their hands. Bradley’s racism charge. “Just Found a good column from the If you're having a hard time
debut. Right-fielder Milton Bradley, because Wrigley Field security world of sports? Don’t keep it to choosing between the two, then
CBS Sports’s Clark Judge whom they signed to a three-year says it is unaware of any reported yourself — write to us at you should probably get out of
wasn’t impressed. He think the contract in the offseason, on racial taunts directed toward dailyfix@wsj.com and we’ll our sight and never come back.
Eagles’ attack suffered under Wednesday alleged he’s been Bradley doesn’t mean they consider your find for inclusion in [Via Engadget]
Vick and thrived under Donovan taunted by racist chants at haven’t happened,” the Daily Fix. You can email Australia's PS3 Ultimate Blu-
McNabb. “I know, he hasn’t Wrigley Field. (He didn’t provide Wojciechowski writes. “It only Garey at ris84rap@gmail.com. ray Movie Kit is only kind of
played a game since December any examples.) Bradley, playing means nobody has complained ultimate originally appeared on
2006, when he finished his career for his seventh team in his 10-year about them. It doesn’t take a leap Joystiq on Sat, 29 Aug 2009
with Atlanta in this stadium, and career, isn’t putting up the of faith to envision a scenario 22:00:00 EST. Please see our
terms for use of feeds.
Read| Permalink| Email this|
Comments
Internet News Record Sports 69
Edge reveals
LostWinds: Winter
of the Melodias
By David Hinkle (Joystiq)
Weekly Webcomic Submitted at 8/29/2009 4:30:00 PM
Swag Saturday: SingStar Wrapup is gearing up for WiIWare aficionados, brace your
hind quarters. UK gaming mag
Edge has revealed (via N-Europe)
Spectacular (PS3) PAX that a sequel to Frontier's
LostWinds is in the works, titled
By Ben Gilbert (Joystiq) • Leave a comment telling us By Griffin McElroy (Joystiq) may have missed out on in the LostWinds: Winter of the
Submitted at 8/29/2009 7:00:00 PM how many plastic peripherals you Submitted at 8/29/2009 8:30:00 PM comments section! Melodias. While most of the core
already own (for any console). The Circle of Life(Penny gameplay elements in the sequel
Do you know how much we love • You must be 18 years or older Next weekend, we'll not only get Arcade) remain unchanged, Toku returns
you, dearest readers? So much so, and a resident of the US or a rare opportunity to meet the Professor Layton and the with one new ability: he can now
that while we're giving away a Canada, excluding Quebec.(Nous gaming webcomic world's poet D e b a t a b l e Lifestyle change the seasons, turning
sore throat-inducing pack of sommes désolés, Québecois!) laureates, Jerry and Mike from C h o i c e ( M N C ) Summer to Winter and vice versa.
SingStar and SingStar Queen this • Limit 1 entry per person. Penny Arcade, but during one of School Roll Call(BitF) There's no word on when the
week to one lucky reader, we're • This entry period ends at 7:01 the panels at PAX, we'll actually Design Decisions(Digital game will hit WiiWare right now,
not giving you any of those nasty pm ET on Sunday, August 30. get to see how the sausage gets Unrest) but if you live in the UK, you may
plastic peripherals that we know We'll randomly select one at that made. We're understandably Hit and Miss(2P Start) want to check out the latest issue
you hate so much. That's right -- time to receive: one copy of excited -- but we've got that Second Only to 'Will Not of Edge. The preview on
two singing games, none of those S i n g S t a r a n d S i n g S t a r sinking feeling in the pit of our Fix'(Virtual Shackles) LostWinds: Winter of the
ridiculous microphones! Queen(ARV $30 and $37, stomach we always get when we Grand Theft Mario(Walking in Melodias is apparently pretty
Lunacy you say? How about r e s p e c t i v e l y ) . think we've forgotten something. Squares) extensive and, if you're wondering
this? We'll throw in a • For a list of complete rules, We're sure it's nothing, but when Continue reading Weekly what all of the fuss is about, you
complimentary Joystiq sticker click here oh God we forgot to get plane Webcomic Wrapup is gearing up still have time to check out the
along with the fantastic SingStar Gallery: SingStar (PS3) tickets and event passes and we for PAX first game (which some of us
Swag Saturday Spectacular! All Gallery: SingStar Queen didn't book our hotel oh no oh no Weekly Webcomic Wrapup is think is quite excellent).
you have to do is leave a Swag Saturday: SingStar oh no gearing up for PAX originally [Via Go Nintendo; thanks,
comment below telling us how Spectacular (PS3) originally As we breath deeply into a appeared on Joystiq on Sat, 29 Fernando!]
many plastic peripherals you appeared on Joystiq on Sat, 29 nearby paper sack, check out our Aug 2009 20:30:00 EST. Please Edge reveals LostWinds: Winter
already own. A winner will be Aug 2009 19:00:00 EST. Please seven favorite webcomics from see our terms for use of feeds. of the Melodias originally
chosen at random after the contest see our terms for use of feeds. this past week. You can vote for Permalink| Email this| appeared on Joystiq on Sat, 29
ends tomorrow evening and Permalink| Email this| your favorite in the poll after the C o m m e n t s Aug 2009 16:30:00 EST. Please
emailed shortly thereafter. You C o m m e n t s jump, or tell us what strips we see our terms for use of feeds.
can thank us later, don't worry Read| Permalink| Email this|
about it. Comments
Internet News Record Game 73