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Will Gulf getaway be much of a vacation for App That Lets You
Drive Like A Star Wars
Obama? X-Wing Pilot (GOOG)
Caren Bohan (Front Row Martha’s Vineyard that begins William Wei (Business Insider)
Washington) next week. Submitted at 8/12/2010 9:59:22 AM
A regulatory advisory bolster defenses against a leaders of the chamber said. philanthropy is a growing status
committee is still probing perceived missile threat from To read more of this story by symbol of the rich, experts say.
exactly what went wrong Iran. Susan Cornwell, click here. Being wealthy may no longer
during the May 6 crash, which To read more of this story by And some stories from be about how many properties
sent the stock market plunging Jim Wolf, click here. elsewhere in the world… or fast cars a millionaire owns
700 points within minutes and FDA panel backs Glaxo, Florida AG proposes tougher — it could be about how much
is weighing adjustments that Valeant epilepsy drug illegal immigrant curbs money they are giving away —
aim to prevent a repeat. An epilepsy drug from Florida Attorney General Bill bringing hope to charities that
For Jonathan Spicer and GlaxoSmithKline and Valeant McCollum proposed tougher Warren Buffett and Bill Gates’ GM CEO Ed Whitacre
Roberta Rampton full story, Pharmaceuticals moved closer curbs against illegal migrants in philanthropic push inspires Stepping Down A Day
click here. to the U.S. market as advisers his melting-pot state which he others. Ahead Of Rumored IPO
Clinton pleads with Senate to said urinary side effects were said would go “one step further” For the full story, click here. Filing
back Russia arms treaty manageable. than a similar contested For more stories from our
Secretary of State Hillary To read more of this story by Arizona law. The proposal by Washington correspondents Joe Weisenthal (Business
Clinton pleaded with senators to Lisa Richwine, click here. McCollum, who is lagging in a visit www.reuters.com and stay Insider)
back a new arms control treaty Senate to pass border bill race to become the Republican informed. Submitted at 8/12/2010 10:00:00 AM
with Russia, saying a delay in Thursday candidate for governor, was Take a look, too, at our Front
ratification could hurt U.S. The Senate will hold a short certain to thrust Florida into the Row Washington Blog. On the same day as GM
security and create dangerous special session on Thursday to heated immigration debate that Photo Credit: REUTERS/ reported a monster profit, and
uncertainty over broader nuclear pass a border security bill, is a major issue ahead of Nov. 2 Brendan McDermid (A monitor one day before a rumored IPO
control efforts. breaking off its summer recess midterm Congressional on the floor of the New York filing, CEO Ed Whitacre is
To read more of this story by to finish the legislation so it can elections. Stock Exchange shows the final stepping down.
Andrew Quinn, click here. be sent to President Barack To read more of this story, tally for the Dow Jones He will officially leave his
Pentagon plans advanced Obama for signing into law. The click here. Industrial Average, August 11, position September 1.
Patriot missile sale to Kuwait $600 million measure funding Philanthropy becoming new 2010) Perhaps he's heading to run
The Obama administration told new agents for the U.S. border status symbol for US wealthy HP?
Congress it planned to sell with Mexico is expected to pass As dozens of U.S. billionaires His replacement will be Wall
Kuwait the latest production the Senate on a voice vote, pledge their fortunes to charity Street veteran Dan Akerson.
version of Raytheon Co’s spokesmen for both the and the country struggles to Join the conversation about this
Patriot interceptor missile to Democratic and Republican shake off recession, story »
Network, Apple TV Becomes iTV, Google- new product line. There may be
some kerfuffle with one of the
bump the price up).
What might the new iTV look
Verizon Ruminations, Rubik's Cube Break-Thru U.K.'s national terrestrial TV
channels, which has been called
like, though? We're thinking it
won't be like the new iPhone, as
Addy Dugdale (Fast some clues about how the firm ruminations over the Google- ITV for decades, but such a there's simply no need for that.
Company) is going to monetize SDN, or Verizon pact from last week. naming conflict is nothing new It may borrow design cues from
Submitted at 8/12/2010 9:28:45 AM Starbucks Digital Network. It's And here's a little round-up: to Apple. the iPad or new Mac Mini--an
going to offer exclusive and AT&T is, apparently, very it's all beginning to make sense, aluminum unibody, but more
While you were sleeping, premium content to consumers happy with the tie-up. Marc and feel like the new iTV is slender than the Mini as there's
innovation was redesigning from names such as Apple, Hedlund reckons the deal was really on its way. Let's no need for an optical drive, or
itself and changing its name to Yahoo, Nickelodeon, and the done with a make-weight clause summarize what we know, or much internal storage, or even a
Boomer the Dog. New York Times. Starbucks' VP in there: No iPhone on Verizon. can conclude from the rumors: battery like the iPad. It needs to
1. Despite the timetable being of Digital Ventures, Adam Facebook, eBay, Skype, and Renamed iTV, to capture some be just deep enough to fit in a
f i x e d i n s t o n e , t h e U . S . Brotman, calls it a win-win Amazon are all dead against the iPhone halo powerRunning iOS, power supply, chips, cooling,
military's withdrawal from Iraq situation. idea, says the Financial Times. which is probably more suited to and external connector ports like
has been called into question-- 3. Engadget seems to have got Here's Facebook's statement on managing media content and HDMI, mini display port, USB
by an Iraqi officer. Lt Col itself a little scoopette on the it. will run more smoothly on and audio in and out.
Babaker Zebari does not think relaunch of Apple TV. It's going 5. Google's computers have limited hardwareLimited Remember, though, this is all
that his country's military will to be called iTV (what will UK solved one of the last great internal storage capacity, just smoke and mirrors until a
be ready to take control for terrestrial channel ITV think of mysteries of the universe: the making the most of cloud-based real iTV appears on the scene
another decade, although the that? Or, for that matter, Spain's maximum of moves needed to streaming or your own network (perhaps at the recently
U.S. is still counting on an end test certificate for vehicles? solve a Rubik's cube. And, for storage devicesHD video out, confirmed September 9th Apple
to combat ops by the end of this 1080p will be a no-no, but apps all of you who thought the possibly just 720p at firstMay event?). Till then, these
month, and the removal of all a yes-yes. The site's editor, Josh number might be 42, you're run appsWill have Apple's A4 glimpses are pretty tantalizing
foreign troops by end 2011. Topolsky, also broke the wrong. It's 20 or less. chip inside, just like the current though.
2. Starbucks is rolling out its clearest indication that there is a iPhone and iPadMay incorporate To keep up with this news,
free Wi-Fi experience for all PSPhone on the way. High five! AMD's new Fusion APU follow me, Kit Eaton, on
later this year, and Mashable has 4. There's still a lot of chipsMay cost as little as $99 Twitter.
(which makes good sense, given
there's no need for a
touchscreen, much internal flash
RAM, hard drive or lithium
battery--each of which would
Connie Madon
Filed under: Competitive (BloggingStocks) On Discovery Channel's
Strategy, Dell (DELL) "Massive Engines," host Chris
Over the years, Dell ( DELL) Submitted at 8/12/2010 10:30:00 AM
Barrie explains how Ancient
has seen a relentless attack on Chinese official Wan Hu
its PC business. Then again, in Filed under: Earnings Reports,
attempted to travel to space
the tech industry, it is common become a runaway top seller. General Motors (GM), Initial
using a chair, a kite and 47 fire
for high fliers to wind-up in the Continue reading Dell's Streak Public Offerings
arrows. Tags: ancient china,
dust bin of history. Brings Back the Brick Phone Good News! General Motors
space travel, rocket, massive
Unfortunately, Dell seems to be Dell's Streak Brings Back the reported a quarterly profit of
Biggest Quarterly Profit in Six engines, discovery channel
moving in this direction -- and Brick Phone originally appeared $1.3 billion, up from $865
Years Five Filters featured
shareholders have suffered on BloggingStocks on Thu, 12 million in Q1. GM's profit
GM Reports Biggest Quarterly article:"Peace Envoy" Blair Gets
mightily. Aug 2010 11:00:00 EST. Please report is the best since 2004.
Profit in Six Years originally an Easy Ride in the
Traditionally, Dell's main see our terms for use of feeds. Revenue came in at $33.2
appeared on BloggingStocks on Independent. Available tools:
threats have come from major Permalink| Email this| billion, up from $31.5 billion in
Thu, 12 Aug 2010 10:30:00 PDF Newspaper, Full Text RSS,
PC operators like HP ( HPQ) Comments Q1. Since GM is still a private
EST. Please see our terms for Term Extraction.
and Lenovo. But perhaps Apple Apple- Dell- Macintosh- company, It did not release
forecasts for the next quarter. use of feeds. Permalink| Email
( AAPL) is the biggest threat BloggingStocks- Hewlett- this| Comments
now. After all, the company's Packard The good news continues. GM
reported a 47% surge in global General Motors- Initial public
Mac business is gaining offering- United States-
momentum and the iPad has production. North American
factories are operating at 93% of BloggingStocks- Revenue
capacity.
Continue reading GM Reports
religious ministry is aiming to requirement for the caller, or to the new unified chant, which "The Prophet Muhammad never
do, launching Thursday an muezzin, to have a beautiful he said was beautiful. ordered people to unify their Flattr, the micropayment startup
ambitious project to, voice, many who perform the "There was an awkward calls to prayer in (his home of) founded by ex-Pirate Bay
neighborhood by neighborhood, call simply do not. moment when the mosque's Medina, so we shouldn't do the associates, has opened to the
unify the timing and sound of The $175,000 project will equip muezzin began his own call to same in Cairo," said Sheik public today. No longer will you
the Islamic call to prayer across each mosque with a receiver that prayer, but then he was Youssef al-Badri, a conservative need an invite in order to add
this sprawling city of 18 million. will broadcast a single call to interrupted by the unified call famed for his religious-inspired the Flattr button to your web site
The project was originally prayer from a downtown studio. coming out of the mosque's lawsuits. as a publisher or to give support
meant to start in Cairo's Abdel-Galil said every one of sound system," he said. Abdel-Galil dismissed the to the sites you visit with real
northern suburbs on the city's mosques should be on For many of the muezzins, critics as narrow minded, saying money. Flattr's micropayments
Wednesday, the first day of the the system by the end of however, it means a loss of that Egypt was a very difficult business model is based on the
holy fasting month of Ramadan, Ramadan. livelihood and prestige as they place to change because of its idea of people tipping content
but system glitches and a "We are in the age of laptops are in some cases downgraded conservative mindset. they like, Digg or perhaps
communication breakdown and computers, technology is to little more than mosque "These are the same people who Facebook Like buttons – but this
delayed it by a day. advanced and it is better custodians. once said television was an anti- time with real money. Users can
"Egyptians have a problem with regulated than humans," he said. "People in the mosque here Islamic innovation and now they “Flattr” content by setting up a
timing," said Sheik Salem Abdel Cities in Syria, the United Arab compete to make the call and use the television to spread their Flattr account which sets a a
-Galil, the official at the Emirates and Turkey have all find joy when making it, and we extreme messages," said Abdel- monthly fee — a minimum €2
Ministry of Religious successfully enforced some sort will be depriving people from Galil. — that they are willing to
Endowments who has done of unified call to prayer, but in this rewarding practice," said Five Filters featured contribute for any kind of online
more than anyone to push this Cairo there is the additional Sheik Youssef Salah who leads article:"Peace Envoy" Blair Gets content. When the user finds
project forward. challenge of thousands of the prayers at the al-Noor an Easy Ride in the something they like that has a
"Our goals are to accurately set unregistered mosques. mosque in the lower-income Independent. Available tools: Flattr button, they can click the
the time of prayer so that it is To take advantage of tax neighborhood Imbaba. PDF Newspaper, Full Text RSS, button to “reward” the content
called at the same time from breaks, many landlords convert "Our mosque will definitely lose Term Extraction. provider. At the end of the
each mosque, and to control the a small room at the foot of their some of its spirit and it will month, the user’s monthly fee is
quality of the voices that call the buildings into a mosque, also detract from the personality of split equally among the holders
prayer," he told the Associated known as a zawya, which often our great city," he said. In the of the content that they
“flattered”.
Social Marketing Doesn't Have to Suck
Eliot Van Buskirk (Wired Top Sorry, Readability was unable an Easy Ride in the
Stories) to parse this page for content. Independent. Available tools:
Submitted at 8/12/2010 9:43:00 AM Five Filters featured PDF Newspaper, Full Text RSS,
article:"Peace Envoy" Blair Gets Term Extraction.
E-reader News Edition Top News/ Technology/ Culture/ 11
said he would issue his decision opposite-sex couples are to accept a system that democratic principles will be
Thursday by noon on requests to superior to same-sex couples," intentionally denies children the upheld. Round two of our 2010
impose a stay that would keep Walker added. mom and the dad they deserve," Walker's ruling on the stay is Shirtless Bracket is already
California's Proposition 8 in Supporters of Prop. 8, in he added. expected between 9 a.m. and steaming up! We've picked out
effect while its sponsors appeal response, have criticized the Notably, funding for the lawsuit noon on Thursday. five of the hottest head-to-head
his recent decision. judge for assuming that the against Prop. 8 has reportedly Five Filters featured ab-tastic guys who made it
Prop. 8, which California voters majority who voted for the come from a group of liberal article:"Peace Envoy" Blair Gets through to the top 32. While it
passed in 2008, effectively amendment did so based on Hollywood activists led by an Easy Ride in the won't be easy to choose just one
defined marriage in the state’s religious opposition to director Rob Reiner, who Independent. Available tools: sexy guy to take top billing in
constitution as the union of one homosexuality, which he retained two of the nation's most PDF Newspaper, Full Text RSS, the competition, be sure to fill
man and one woman. The rejected as an illegitimate state influential lawyers to argue the Term Extraction. out your own bracket for a
amendment was passed by 52 interest. case – former U.S. Solicitor chance to win a pair of Tom
percent of California voters. They've also rebuked him for General Theodore Olson and Ford sunglasses! View
Last week, however, Walker nullifying the will of the voters trial lawyer David Boies. Slideshow ›
struck down Prop. 8 as an of California as expressed Law experts say marriage laws
Here's The Story Behind The Irish Crisis Everyone's Freaking Out About
Again
Gregory White (Money Game) result of further concerns about Ireland's borrowing costs are and mimics that of the U.S.
Submitted at 8/12/2010 9:19:00 AM the Irish banking system and rising as the country seeks more Click to see how Ireland got into
economy. cash to contribute to its banking this mess >
While the PIIGS have largely It's been rumored that the ECB bailout. Join the conversation about this
been ignored over the past few had to step in and buy Irish debt But the story of Ireland's debt story »
weeks, they have resurfaced as a in an effort to shore up the c o u n t r y ' s f i s c a l p o s i t i o n . crisis is much longer than this,
E-reader News Edition Top News/ Culture/ 13
was Hank Paulson, Treasury to shift jobs offshore. And If I means. It reduces the deficit. It true. including the President in office.
Secretary under George W. give to your campaign and get a did not include anything related Again, I can’t stress this No proof no can run….
Bush, who went hat-in-hand to lobbyist, can I get away with not to “death panels”. IT REDUCES enough: do the research! I want Aug 12, 2010 10:53am EDT
Congress to get his blank check. paying taxes, too? THE DEFICIT!!! us to have a real discussion The only way to get the
This quite capably illustrates Aug 12, 2010 9:27am EDT Please, if you’re going to hate about politics before these attention of Congress is to vote
the very point that I made in “And everything has got so Obama, pick a good reason, not elections come up, but too many every incumbent out of office.
about 60 letters to every much worse under Obama and these lies. At least if you do people just don’t know the facts! Every last one of them.
Democratic Congressional (House Speaker Nancy) Pelosi your research before coming to Aug 12, 2010 10:27am EDT *We welcome comments that
Representative and Senator I with all the bailouts and a conclusion, we can have a It time we demand TERM advance the story directly or
could stand to mail: the bank ramming that healthcare bill discussion about it and figure LIMITS to get these carrier with relevant tangential
bailout in 2008 was the political down our throats.” out the best solutions for politicians out. Corruption and information. We try to block
opportunity of a lifetime for The “down our throats” line has America. But if you don’t, then favoritism sets in after time comments that use offensive
Democrats, and they completely become such a great cultural we’re never going to get along with laziness.No more 40 language or appear to be spam
butchered it, as they butcher indicator. It was the exact anywhere. year terms this is ridiculous and and review comments frequently
every opportunity. phrase that was repeated Aug 12, 2010 9:41am EDT no more pensions or giving self to ensure they meet our
All they had to do was stand up endlessly on Fox News, as they @HemiHead66 raises. We the people should standards. If you see a comment
in unison and say, “hell no, let tried to sink the reform package How do you respond to these vote and these types of issues. I that you believe is irrelevant or
‘em all fail,” and they would’ve with lies and slander. Now when facts: can’t give myself a raise. I don’t inappropriate, you can flag it to
been heroes. Instead, now they people say it, you know that - Obama has set a withdrawal get no retirement plan for only our editors by using the report
own these bailouts, and the they haven’t actually read the date for troops in Iraq, and is working 2 to 4 years and I only abuse links. Views expressed in
Republicans, as usual, are off bill or researched it’s effects on also planning the start of a get 28% of what I was making the comments do not represent
scot-free for the devastation the economy. They’re just withdrawal in Afghanistan and these people get 100% +. those of Reuters.
they have wreaked on this repeated what they heard from shortly thereafter. Military This has got to stop. Five Filters featured
country. Glenn Beck. spending has dropped 30 billion I don’t think any elected article:"Peace Envoy" Blair Gets
Aug 12, 2010 9:18am EDT Do not forget: The health dollars since Obama took office. official should be in any office an Easy Ride in the
Well, most got it right, both reform bill was not evil. It - Obama has just signed a bill longer than 4 years. Senate Independent. Available tools:
parties aren’t worth spit. When reduces the deficit. It allows you into law which removes many should be cut from 6 to 4 and PDF Newspaper, Full Text RSS,
it comes to these wars and to keep your old plan if you tax incentives for companies that includes the Presidents. 4 Term Extraction.
taking away our rights, Obama’s want to. It will not impose fees that shift jobs overseas. years is enough. No elected
just as bad as Bush. They’re for the uninsured who are too - Obama pushed heavily for and official should be allowed to
going to turn our country into poor to afford them. It prevents won the wall street reform bill, serve with a criminal back
something worse than insurance companies from which punishes many of the ground either, and all that is line
Communist China. And on the denying your coverage due to companies that donated money to become president if disaster
economy, we all know what’s pre-existing conditions. It to his campaign. should strike should have to
going on. Keep giving your reduces the deficit. It was It seems everything you claim prove that they are born with in
corporate masters an incentive passed using entirely legal to hate Obama for isn’t even the 50 States of the USA
brought the American economy unemployed Americans who are immigrants (regardless of legal world economy).
to its knees. It just took one finding work. status) in NY are lower than that Parties over guys, just pack up
trillion dollars of deficit And surely you realize that the of born-in-the-USA residents. and quietly move on…….
spending to prevent a depression most Americans who do find One legal Mexican resident who Aug 12, 2010 10:50am EDT
in the United States and it still work have taken a big cut in had lived there for over a decade H-1Bs from India had already
remains to be seen if that vast wages and benefits out of mentioned that $7/hr was low taken over the IT jobs in the US.
amount of money will be desperation. but it was better than nothing. Thanks to the Outsourcing and
enough. A decadent congress If you are actually optimistic Kind of says a lot eh? The Insourcing in the past 15 years!
along with media companies about the “real data” underlying reason why the Asian tigers area Mind-boggling debts, deficit, BUD Sales Are Crushing
like WSJ, Fortune, Bloomberg, this unemployment article, you still alive is that they have learnt wars spendings, high It -- Here's Why
and Business Week have misled should consider changing your how to be very lean when they unemployment and bailouts for Whitney Tilson Loves
the American public into handle to Pollyanna. need to. And being a resident of the banksters the economy Them (BUD, BP,
believing that outsourcing and H Aug 12, 2010 10:18am EDT one of the asian nations, I have won’t get any better as you can
-1Bs will increase our Let’s stop with the constant observed this all too well over see. MSFT)
prosperity. They have fooled the UNEXPECTED news… the last 3 years. Asians will *We welcome comments that Gregory White (Money Game)
masses and have enriched everyone knows our economy is prefer to take 40% wage cuts advance the story directly or Submitted at 8/12/2010 9:54:00 AM
themselves at the expense of the not recovering, everyone knows than lose their job – regardless with relevant tangential
middle class. The economic that the policies Obama is so of level. And no job is too hard/ information. We try to block AB InBev just reported Q2
problems of the United States adamant about are killing our dirty/below them if it means comments that use offensive earnings and the brewer beat
are now structural in nature and country,so please do your outlet having a job…… language or appear to be spam expectations based on Brazilian
may not be fixable due to the a favor and cease trying to pull The US has gotten too fat and and review comments frequently growth and the World Cup.
power and influence of the pro- blindfolds over the eyes of lazy. And as usual, they are to ensure they meet our Profit for the company's last
outsourcing and pro-H-1B Americans….. we aren’t as more often than not looking for standards. If you see a comment quarter grew by 7.3% to $1.15
enablers. The anti-middle class dumb as advertised. someone else to blame – this that you believe is irrelevant or billion.
business elites have placed the True Iron Patriot….. so what year it has been BP. Last year it inappropriate, you can flag it to Hedge fund T2 Partners, home
United States into a position does that mean? Can we all go was Toyota. (Read some our editors by using the report to Whitney Tilson and Glenn
when China and India can feed out and buy that car we have interesting facts from a study abuse links. Views expressed in Tongue, recently put together a
on the U.S economy like been wanting,or maybe take that done by NASA on the black the comments do not represent presentation ( via Market Folly)
vampires and they are sucking vacation that Michelle took? No boxes of the Toyota’s that were those of Reuters. on the current state of the U.S.
the life out of what was at one matter what numbers you look involved in accidents-including Five Filters featured stock market and they were
time a prosperous economy. at the story is the same…. we many which showed no signs of article:"Peace Envoy" Blair Gets bullish on Anheuser Bush InBev
Aug 12, 2010 10:00am EDT are sinking. Why else would the attempts at braking as opposed an Easy Ride in the (BUD) even before today's
Come on, TrueIronPatriot, Fed be buying our debt? to a few which had…) I cant Independent. Available tools: today's report.
Surely you realize that the Aug 12, 2010 10:41am EDT remember how much the US PDF Newspaper, Full Text RSS, Check out their view of BUD,
number of Americans who each @perfectforce, you have wanted to fine Toyota or did Term Extraction. with bonus BP and Microsoft
month fall out of the summed it up quite well. fine but I am sure it was coverage. Click here to see the
unemployment count because America has spent far too long significantly larger than what presentation >
they have used up their getting fat on the back of others. they fined GS (a US owned & Join the conversation about this
unemployment funds far I read with interest that operated bank that was a key story »
exceeds the number of unemployment rates in player in nearly destroying the
E-reader News Edition Technology/ 21
Apple requires $10B in cash on perception that the company could potentially lead to quarter free cash flow, leaving the size of buyback vs. share
hand to run its ongoing may spend it on large multiple expansion and/or $4.5+ billion in excess cash for count reduction, based on
operations. Given its negative acquisition(s) that shareholders higher EPS. Given that 20% of corporate needs, acquisitions Apple's current stock price.
cash conversion cycle and believe might be value- Apple's market cap is currently and share repurchases. Even if Given Apple's powerful cash
strong cash flow, it may require destroying longer-term. While invested in cash at low interest Apple's earnings multiple generation, arguably both a
much less, but we do appreciate we acknowledge that Apple has rates, it is harmful to expanded by 50%, a 4% dividend and share repurchase
the fact that the company had been disciplined in this regard, shareholder returns. Return of a dividend would amount to an could be done in parallel. Using
outstanding off-balance sheet with a history of making portion of this cash along with estimated 71% of cash our assumptions of a 4% annual
third-party manufacturing relatively small acquisitions for the articulation of a clear cash- generated in FY 11, leaving $5+ dividend and $30B immediate
commitments and component talent and technology only, this usage policy would likely lead billion in excess cash, above and buyback, Apple would still
purchase commitments of $6.2B investor concern is longer- term to a multiple expansion as beyond your existing cash retain an estimated $25 - $30
at the end of FQ3 10 which its and based on what has shareholders' expectations of balance of $46 billion. We note billion in cash on its balance
cash balance may help historically transpired at other having a claim on the excess that a 4% dividend yield would sheet at the end of FY11,
guarantee/fund; however, even companies. A return of cash and cash becomes more clear. not be unprecedented among providing ample financial
if we assume that Apple does /or a transparent policy around Moreover, if Apple chose to use technology companies; we think flexibility.
need $10B to operate the use of cash would help alleviate some of its cash to buy back Apple should be a leader in Perhaps most importantly, we
company, that still leaves $36B this investor concern and ensure stock it would translate into returning cash to its encourage Apple to engage in an
of excess cash. financial discipline on current higher earnings per share (EPS). shareholders and a 4% dividend ongoing dialogue and be more
• Prevailing returns on cash are and future management teams at Three broad options exist for a yield would rank it among the transparent with shareholders
very low, destroying the company. return of cash: (1) a one time top 10 technology companies about cash usage. As Board
shareholder value. Apple earned • A return of cash to dividend; (2) ongoing dividends, (see Exhibit 5). Exhibit 6 members, you are legal stewards
0.76% interest on its cash shareholders could attract a new and (3) share repurchases. We provides expected cash flow of shareholders' interests, and
reserves vs. an implied expected class of investors. While Apple believe that investors' bias - payout ratios on alternative our conversations with
return of ~11% on the stock - is widely owned today, there are even in the face of changing tax dividend rates. shareholders suggest that they
this large negative spread on investment managers with laws - is for Apple to institute a A $30 billion share repurchase have not been fully heard on this
cash indicates that holding onto mandates that they invest only regular dividend coupled with (65% of your current cash issue.
excess cash is eroding in dividend-paying stocks. buybacks, but we would balance) would lower Apple's Five Filters featured
shareholder value. Moreover, Additionally, some investors are encourage Apple to engage and shares outstanding by 13%, article:"Peace Envoy" Blair Gets
several academic studies point ideologically opposed to poll its investor base and effectively boosting EPS by a an Easy Ride in the
to a high correlation between investing in companies that lack potential shareholders to more similar amount. Apple could Independent. Available tools:
return of cash and long term a clear policy on cash usage. systematically gauge sentiment. consider ongoing repurchases in PDF Newspaper, Full Text RSS,
shareholder returns. Furthermore, several investors The majority view among the open market, or an Term Extraction.
• A return of cash would create have told us that they discount shareholders we have spoken accelerated share repurchase
financial discipline and alleviate Apple's large cash balance when with is that a one-time dividend (ASR), which has been used
investor concerns about a valuing the company given that would be least desirable. recently by other large cap tech
potentially imprudent return of cash is neither Our analysis indicates that a 4% companies, including HP and
acquisition. Apple's burgeoning imminent nor certain. dividend would have consumed IBM (see Exhibit 7). Exhibit 8
cash balance creates the • Dividends or share repurchases about 65% of Apple's trailing 4- provides a sensitivity analysis of
Gomez via blog post. performance. these three betas may not
China Mobile, Xinhua
The APIs developed for this
only work in Firefox and only
The most notable
improvements in the Chrome
necessarily point to increased
competition between the launch search venture
on the Windows platform for Beta, however, are the addition organizations (aka "war"), but is (CNET News.com) orchestrated by Google as a way
now, but Gomez says the of Autofill for forms and simply an unplanned Submitted at 8/12/2010 9:21:04 AM to skirt China's censorship laws,
organization will introduce them upgrades to the synchronization concurrence of releases and which have been a thorn in the
to W3C to discuss feature. Chrome will now save updates. Google may soon have even side of the search giant since it
standardization. up form data over time (name, Or not. After all, he who has m o r e c o m p e t i t i o n f o r t h e set up shop in the country in
Chrome 6 Beta address, phone, credit card the most users wins, right? attention of Chinese citizens 2006.
Not to be outdone, Google also number, etc.) and then offer it to Each browser maker has its doing Web searches. Beyond any threat the new
pushed out new code on its Beta you when you're filling out long own unique vision for what China's state-run Xinhua News search engine may pose, Google
Channel, introducing a number forms on the Web. Credit card features are important for the Agency announced Thursday has also been shedding users to
of new features to its Chrome information is never saved future of the Web beyond the that it has signed an agreement local competitor Baidu, which
browser. The most obvious of unless you ask, notes Google. obvious (support for standards with local carrier China Mobile enjoys a much larger and
the changes is a user interface Also new is an improved and continual speed to set up a new search engine growing share of the market. In
overhaul which has streamlined synchronization platform. Now, improvements), that is. In this company. the first quarter, Google's search
the top toolbar. The stop/refresh in addition to syncing beta lineup, Chrome is focused Though few details were engine share in China dropped
button has been relocated to the bookmarks, preferences and on synchronization and provided, Xinhua said that work to 24.2 percent from 30.9
left-side of the Omnibox (the themes, users can opt to sync simplicity, Mozilla on multi- on the new search venture has percent, while Baidu's climbed
combined search/address box) this Autofill data (without credit touch and developer APIs and r e a c h e d a " s u b s t a n t i v e to 70 percent from 64 percent,
and the two settings menus have card info) and their extensions IE on hardware acceleration for operation" stage, according to according to Chinese research
been merged into one. between copies of the browser canvas, audio and video. Which the Associated Press. Xinhua firm Analysys International
Javascript improvements to the on separate machines. of these do you think holds the also didn't specify whether the cited by the AP.
V8 engine make the beta 15% Is This War? most promise for end users and/ search site would be directed In the mobile search arena,
faster than the stable build on Let's not get hyperbolic here, or Web developers? Discuss toward the Internet in general or Google also trails with a 12.3
SunSpider benchmarks, says though. Web browsers are in a toward the mobile market, percent share, compared with
Google, and 64% faster on constant state of improvement, which could tie in with China Baidu's 34.3 percent and another
Mozilla's Dromaeo DOM core given the ever-changing nature Mobile's involvement. competitor Easou.com with 16.9
benchmark, both common tests of the Web and technology, Though it will likely take time percent, according to the AP.
for determining browser itself. The coinciding nature of to ramp up, the new Xinhua Five Filters featured
search engine could pose some article:"Peace Envoy" Blair Gets
Cloud Notes Saves Notes to Google competition to Google, which a n E a s y R i d e i n t h e
has lost users in China since Independent. Available tools:
shipping its search site off the PDF Newspaper, Full Text RSS,
Docs Right from the Windows mainland and onto Hong Kong Term Extraction.
earlier this year. The move was
Sidebar [Downloads]
Jason Fitzpatrick (Lifehacker) Google Docs-powered scratch
Submitted at 8/12/2010 6:30:00 AM pad right at your fingertips.
More »
Windows 7: Cloud Notes is a handy sidebar gadget that puts a
E-reader News Edition Technology/ Culture/ Food/ 29
Mischa Lights
Something Up For a Day
of Yacht and Bikini Fun
PopSugar (PopSugar)
Submitted at 8/12/2010 9:00:00 AM
COIN Proposes,
Palm creating palmtop computer with detachable, Weather Disposes:
Pakistan's Floods and
dockable cellphone? Opportunistic Extremists
(AEI.Org: Articles)
Tim Stevens (Engadget) relationship between the two size and weight" of the palmtop Palm creating palmtop
Submitted at 8/12/2010 8:54:00 AM would be rather more formal. In -- in other words, the "phone" computer with detachable, Submitted at 8/11/2010 6:00:00 PM
a patent filed in April and just bit isn't particularly large, dockable cellphone? originally
Hold on to your Foleos, folks, dug up by Unwired View, Palm making it more comfortable to appeared on Engadget on Thu, Yesterday, a spokesman for the
because it looks like Palm still describes a "compact removable hold up to your face in a 12 Aug 2010 08:54:00 EDT. Tehrik-e-Taliban Pakistan
hasn't given up on the idea of a v o i c e h a n d s e t " a n d a n conversation than your Streaks Please see our terms for use of (TTP), the main insurgent group
little laptop that pairs with a "integrated palmtop computer." and the like. Is there actually feeds. Permalink Unwired View| fighting the Pakistani state,
p h o n e f o r w i r e l e s s The two can communicate any hardware behind this USPTO| Email this| Comments called on the Pakistani
communications. However, w i r e l e s s l y , b u t m o r e application or is this just Palm government to reject all
where that former ( failed) i n t e r e s t i n g l y t h e y c a n b e daydreaming about a Foleo 2? American aid intended for
experiment called for entirely coupled such that "there is We'll all just have to wait and victims of Pakistan's floods and
disparate hardware, here the minimal increase to the overall find out. COIN page 37
E-reader News Edition Economy/ 37
COIN
continued from page 36
offered to have the TTP are remote or cut off due to large Pakistani military
distribute aid instead: flooding and landslides. offensive against the Taliban in
The government should not The TTP statement is a political 2009, was seeing considerable
accept American aid and if it ploy to capitalize on the progress towards reconstruction
happens, we can give 20 million publicity the relief effort is and normalization. The floods
dollars to them as aid for the receiving, and the offer to have nearly completely undone
flood victims. . . . We will distribute aid will not that progress, and the hardships
ourselves distribute relief under materialize. But the TTP is not they will cause may provide the
leadership of our chief the first or the only terrorist Taliban with a window of
Hakimullah Mehsud among the group attempting to benefit from opportunity to reinfect the
people if the government the disaster. region.
assures us that none of our Jamaat-ud-Dawa (JuD), a The scale of the human tragedy
members will be arrested. . . . Pakistani charity organization and physical destruction is vast
We condemn American and widely believed to be a front for and the effects are likely to be
other foreign aid and believe Lashkar-e-Taiba, the terrorist long-term. Unfortunately,
that it will lead to subjugation. group responsible for the 2008 Mother Nature has now given
Our jihad against America will Mumbai attacks in India, has new lease to the twin forces of
continue. been heavily involved in the extremism and insurgency in a
The flooding in Pakistan is the
worst in living memory.
humanitarian response to the
flooding. JuD has 2,000
country already plagued by
both.
Mark Mobius: All These
Fourteen million people have
been affected and six million are
in dire need of "direct
volunteers working in flooded
areas, has set up thirteen camps
for internally displaced people,
Reza Jan is a research assistant
and Pakistan Team Lead for
AEI's Critical Threats Project.
Double Dip Fears Are
humanitarian assistance" if they
are to survive. So far, only $45
and is providing food, shelter,
and an ambulance service to the
Photo credit: iStockphoto/Klaas
Five Filters featured
Awesome... For The Bulls
million of aid money has flood victims. While Pakistanis article:"Peace Envoy" Blair Gets Vincent Fernando, CFA continue money supply
(Money Game) increases, and that's good for the
actually been delivered by heap scorn on the government's an Easy Ride in the
international donors, a paltry slow response, groups with Independent. Available tools: Submitted at 8/12/2010 9:08:00 AM global market because it means
sum in comparison to the terrorist ties like JuD are able to PDF Newspaper, Full Text RSS, there's more money available
responses to other recent fill the governance gap and Term Extraction. Mark Mobius points out that globally," Mobius said on
disasters of similar scale. The extend their grassroots support. bulls should actually be happy CNBC Thursday.
U.S. has so far pledged $55 All of this demonstrates the that there are so many 'double The bigger worry on Mobius'
million in flood relief, provided strain that counterterrorism and dip' fears plaguing markets. mind right now is the rapid rise
over half a million meals, and counterinsurgency efforts in After all, it's a sign that in IPO activity, as that could
tasked six helicopters to help Pakistan are coming under. The sentiment still has a long way to eventually put downward
with rescue efforts in areas that Swat valley, the focal point of a improve. We're far from the pressure on prices.
point of unabashed optimism. "Unless investors finally say
More importantly, it also puts 'look, enough is enough we want
massive pressure on better prices'... I think there's
governments to support going be a downward pressure
economies and asset markets: on prices of new IPOs."
CNBC: Continue reading here >
"They're going to have to print Join the conversation about this
and they're going to have to story »
38 Economy/ E-reader News Edition
Dollar Hits 15-Year Low vs. Yen; Trade Deficit Will Reduce
GDP; BOE Trims Forecast; Greek Economy Sinks 1.5%;
Australia Commercial Real Estate Bust
noreply@blogger.com year earlier. Intervention on the stock markets are showing big consumers to lead the world rose the least in 11 months. Still,
(Michael Shedlock) (Mish's Way? fluctuations caused by recovery. Regardless of the European economic confidence
Global Economic Trend Reuters reports Japan officials uncertainty over the U.S. increasing trade deficit, I highly rose to a two- year high in July
Analysis)
step up campaign against yen economic outlook. doubt that is going to happen. and manufacturing growth
Submitted at 8/12/2010 7:29:00 AM rise "The BOJ will closely watch European Industrial Production accelerated.
It's time for an international Japan policymakers fired off a market fluctuations and their Unexpectedly Declines “It’s definitely too soon to
r o u n d u p i n c l u d i n g J a p a n , volley of comments Thursday to impact on the Japanese One of the reasons the Euro has declare the euro-zone
Australia, Europe, England, and curb yen strength and the central economy," he said in a plunged over the past two days manufacturing boom over,” said
the United States. Let's kick bank checked rates with banks statement. is European Industrial Peter Vanden Houte, an
things off with a look at the as officials stepped up efforts to "Whether Japan will intervene Production Unexpectedly economist at ING Groep NV in
Yen. prevent the currency from depends on how much global Declines Brussels.
Japanese officials are busy harming a fragile economic shares and U.S. bond yields will European industrial production Production of durable consumer
yapping away, hoping to talk recovery. fall. But if the dollar falls to unexpectedly declined in June, goods in the euro area fell 0.9
down the Yen, which as hit 15- The yen has risen steadily around 82-83 yen, the chance of led by a drop in durable percent in June from the prior
year highs vs. the US dollar. against the dollar from around intervention will rise," said consumer goods such as month, when they rose 3.2
Bloomberg reports Yen Trades 95 yen in early May to a 15-year Masafumi Yamamoto, chief FX furniture and home appliances. percent, today’s report showed.
Near 1995 High on Speculation high Wednesday of 84.72 yen, strategist at Barclays Capital. Output in the economy of the Output of intermediate goods
Intervention Unlikely The yen prompting currency markets to A euro zone official 16 nations that use the euro such as car engines and steel
traded near its strongest level speculate that authorities might Wednesday had said European dropped 0.1 percent from May, decreased 0.6 percent from
against the dollar since July intervene. authorities would not welcome when it increased 1.1 percent, May, when it gained 0.8
1995 on speculation Japan is Government officials have such a move by Tokyo and that the European Union’s statistics percent. Output of capital goods
unlikely to try and lower the shown increasing alarm in joint intervention by major office in Luxembourg said such as factory machinery
value of its currency. Japan recent weeks at the yen's rise central banks was not on the today. Economists had projected increased 0.2 percent in June,
h a s n ’ t i n t e r v e n e d i n t h e against the dollar. Thursday, cards. Yen Summary a gain of 0.6 percent, the median while energy production rose
currency markets since March both the finance minister and Europe is happy about the rise of 32 forecasts in a Bloomberg 0.3 percent.
16, 2004, when the yen was central bank governor Masaaki of the Yen, but Japan is not. survey showed. From a year While governments are reining
around 109 per dollar. The Bank Shirakawa issued comments Indeed the value of the Yen is earlier, June output gained 8.2 in deficits, investors are growing
of Japan sold 14.8 trillion yen simultaneously. above where it needs to be for percent. more optimistic about the
($173 billion) in the first three Noda declined to comment on Japanese exporters to make a Europe’s economic growth may outlook. European economic
months of 2004, after record intervention, saying instead: profit. Japan is worried that slow as governments reduce confidence rose to the highest in
sales of 20.4 trillion yen in "I'm closely in touch with the European exporters will capture spending to tackle bloated more than two years in July and
2003. prime minister and the chief market share but Europe of budget deficits and the global manufacturing growth
Exporters said they can remain cabinet secretary with regard to course is smiling about such recovery shows signs of losing accelerated. This happy talk in
profitable as long as the yen the series of market moves. We prospects. momentum. Factory orders in Europe is rather amazing, and
trades at 92.90 per dollar or will respond appropriately while Talk is cheap but intervention the U.S., the world’s biggest unwarranted in my opinion.
weaker, according to a Cabinet carefully examining economic does not work so the global economy, fell more than Greek GDP Drops Another
survey released in February. The trends." trade imbalances just simmer, economists forecast in June, DOLLAR page 39
breakeven point was 97.33 a Shirakawa said currency and with everyone expecting US while China’s industrial output
E-reader News Edition 39
DOLLAR
continued from page 38
1.5% softening, measures of financial come back. They won't". least 50% of these retailers affecting us, despite what Julia
The BBC reports Greek fragility remain elevated and Please consider The gleaming redundant. Gillard says. It will affect us and
economy shrinks a further 1.5% there is great uncertainty about malls are losing their shine 'Things' ain't coming back. retail profits for a decade." US
The Greek economy shrank by a the outlook for both the U.S. The disparity in Australia's two regards GDP Overstated
further 1.5% in the second and our most important trading -speed economy, between a Brisbane Bear Economists were surprised by
quarter of the year, Greece's partner, the euro area.” resource sector that is in Australia Commercial Real the last downward revisions in
statistics agency has said. That The recovery in the United overdrive and the hard scrabble Estate Bust GDP yet another downward
adds to 0.8% decline in GDP States has run into trouble, of retailing, hit home to Inquiring minds are reading revision is on the way thanks to
recorded for the first three economists say, because a lack financial planner Kate Retail profits under attack for a a rising trade deficit.
months of the year, suggesting of confidence keeps consumers Kimmorley when the Marina decade, warns ex-Macquarie Bloomberg reports Wider Trade
that the decline in the economy and businesses from stepping in Mirage shopping centre slipped banker Gap Signals Weaker U.S.
is speeding up. Greece's GDP where government stimulus into receivership last month. The aftermath of the global Second-Quarter Growth
has fallen 3.5% since this time packages left off. Ms Kimmorley maintains an financial crisis and changes in A swelling trade gap, less
last year. BOE Cuts Economic “At this point policy makers office near the gleaming halls of consumer behaviour could hit stockpiling and weaker
Forecast should have reinstated designer clothes shops and retail profits for a decade. The construction indicate the U.S.
The New York Times reports confidence,” said Karen Ward, boutique restaurants on the warning has come from former economy slowed even more in
Blaming a Slow Recovery, the senior global economist at Southport Spit. She shops there Macquarie Group property the second quarter than the
Bank of England Trims Its HSBC in London, “but the and likes to drop in after work to investment banking head Bill government estimated last
Economic Forecast The Bank of private sector isn’t taking up the one of the bars overlooking the Moss. month, economists said.
England cut its economic baton in a way we’d hoped.” rows of million-dollar Shopping centre owners and Revisions due later this month
growth forecast Wednesday, in Add the bank of England to motorboats and yachts. retail property would be one of may shave last quarter’s 2.4
part blaming the uncertain pace those in the over-optimistic Some of her best customers run the hardest-hit sectors, with real percent annual growth rate by 1
of the recovery in the United camp. And notice that absurd shops in the centre -- and they're estate generally having further percentage point or more,
States and the rest of Europe. comment from HSBC. The feeling the pain that is rippling to fall in value, Mr Moss said. according to Morgan Stanley’s
The central bank in Britain now private sector is still through retailing, belying the "We're heading into a decade, or David Greenlaw and Nomura
forecasts annual growth to peak deleveraging and has a long, stellar performance of mining. a generation, of changing Securities International Inc.’s
at 3 percent, less than the 3.6 long way to go, yet economists "I sometimes wonder how consumer trends." Mr Moss David Resler. The trade deficit
percent it had predicted in May. think consumers are about to they're going to cover the rent said. in the U.S. unexpectedly
It also said inflation would pile on more debt. because they've had this The population was ageing, the widened by $7.9 billion to $49.9
remain above the bank’s 2 There was never a "recovery" fantastic refurbishment but internet was eroding sales in billion in June, Commerce
percent target until the end of in the first place. Economists for there's less people there," Ms shopping centres, the middle Department figures showed
next year, longer than some reason just do not Kimmorley said yesterday. consumer market was today in Washington.
previously predicted, before understand this simple fact. Sam Hue, the self-styled "Wok disappearing, and discretionary A surge in imports means
falling below the target in 2012. They remain Fooled by Man" of the complex, said spending patterns were changing American companies
“There are clearly risks,” Stimulus With Structural takings for his fast-food sharply. contributed less to the rise in
Mervyn King, the Bank of Problems Still Intact. business last month were 30 per With retail sales falling and gross domestic product, the
England governor, said Australian Malls Lose Their cent down on those 12 months more uncertain economic times, value of all goods and services
Wednesday, hinting that the Shine ago. Mr Moss questioned how many produced in the U.S., than
central bank might consider Things are not well down under "This is a great place and the retailers were defaulting on their previously estimated. Earlier
expanding its stimulus package either. My friend "Brisbane people will come back," he said. rent payments. "My guess is reports showing smaller gains in
to support the economy. Bear" comments "Retailer "But they're not here now." shopping centre rents will fall," inventories and less of a
“Business and consumer business models are broken yet Brisbane Bear writes ... The he said.
sentiment have shown signs of most retailers are hoping things adjustment phase will render at "The global recession really is DOLLAR page 41
40 Economy/ Culture/ E-reader News Edition
Gross domestic product will However, the economists still quarter. going in the first place.
expand at an average 2.55 don't get it. Second half GDP is Handbrake is an amazing tool
The Federal Reserve’s near- Mike "Mish" Shedlock
percent annual rate in the last likely to be closer to 0% than for ripping your DVDs and
zero percent interest rates and h t t p : / /
six months of 2010, according 2 . 5 5 % . N e g a t i v e G D P i s converting your video files, but
$2.3 trillion balance sheet, globaleconomicanalysis.blogspo
to the median of 67 estimates in p l a u s i b l e . figuring out the right settings
almost three times its pre-crisis t.com
a survey taken July 31 to Aug. Did the Recovery Stall? can be a challenge. Let our
level, haven’t translated into Click Here To Scroll Thru My
9, down from the 2.8 percent Not really. Caroline Baum Handbrake Video Bitrate
growth in broad money and Recent Post List Mike
pace projected last month. explains in Economy Lost calculator do the work for you.
credit. Banks are holding $1 "Mish" Shedlock is a registered
Household purchases will climb Momentum While I Was Pulling More »
trillion in excess reserves in investment advisor
at a 2.25 percent rate, compared Weeds their accounts at the Fed. representative for SitkaPacific
w i t h a 2 . 6 p e r c e n t g a i n The post-mortems on the July On the fiscal front, the Capital Management. Sitka Tale of Two Headlines:
previously forecast. employment report made me government threw huge sums of Pacific is an asset management Cisco Profit Jumps 79%
“Simply put, job growth in the realize I’d missed the recovery. money at the economy. It paid firm whose goal is strong
private sector hasn’t improved While I was watching my people to buy cars and homes. It performance and low volatility,
vs. Cisco Misses
as we would’ve expected,” said garden grow, the U.S. economy paid them to weatherize their regardless of market direction. Estimates
John Silvia, chief economist at “lost momentum,” according to houses, maybe the same ones V i s i t h t t p : / / noreply@blogger.com
Wells Fargo Securities LLC in every news report I read or the government paid them to www.sitkapacific.com/ (Michael Shedlock) (Mish's
Charlotte, North Carolina. “The h e a r d o v e r t h e w e e k e n d . buy. It paid them to buy account_management.html to Global Economic Trend
consumer continues to Somewhere between the appliances for the houses the learn more about wealth Analysis)
contribute to growth but at a budding of the peonies and the government paid them to buy. management and capital Submitted at 8/11/2010 5:09:00 PM
subpar pace.” blooming of the rudbeckia, And it paid banks to modify preservation strategies of Sitka Reading headlines alone, one
“Unemployment is high, income p r i v a t e - s e c t o r j o b g r o w t h mortgages. Pacific. might wonder if two headlines
growth has been pretty slow,” d o w n s h i f t e d . What did we learn from this from today on Cisco were from
said Michael Feroli, chief U.S. Which brings me to the point: exercise? That, by golly, if the same quarter.
economist at JPMorgan Chase In order to lose momentum, the someone were planning to buy a Bloomberg reports Cisco
& Co. in New York, who U.S. economy has to have home anyway, an $8,000 tax TALE page 41
lowered estimates for growth momentum to begin with. If it credit acts as an inducement to
E-reader News Edition Culture/ 41
TALE DOLLAR
continued from page 40 continued from page 39
Misses Estimates on Sluggish corporate spending. Mike "Mish" Shedlock rebound in commercial h t t p : / /
Corporate Spending Revenue jumped 27% to $10.84 h t t p : / / construction than the globaleconomicanalysis.blogspo
Meanwhile, the Wall Street billion. In May, the company globaleconomicanalysis.blogspo government projected will also t.com
Journal reports Cisco Profit projected sales would increase t.com reduce the pace of expansion. Click Here To Scroll Thru My
Jumps 79% 25% to 28% from a year ago. Click Here To Scroll Thru My “The slowdown occurred earlier Recent Post List Mike
Cisco Systems Inc. said fiscal Analysts' latest estimates were Recent Post List Mike than we thought,” said Harm "Mish" Shedlock is a registered
fourth-quarter profit jumped earnings of 42 cents a share on "Mish" Shedlock is a registered Bandholz, chief U.S. economist investment advisor
79% on rebounding revenue, revenue of $10.88 billion, investment advisor at UniCredit Global Research in representative for SitkaPacific
although margins slid for the according to Thomson Reuters. representative for SitkaPacific New York. “We expected the Capital Management. Sitka
second consecutive quarter. Gross margin declined to Capital Management. Sitka recovery to lose momentum Pacific is an asset management
In a call with investors, he said 62.7% from 64%. Pacific is an asset management only in the second half and now firm whose goal is strong
he expects the current quarter's Sales increased 31% for the firm whose goal is strong it occurred in the second performance and low volatility,
sales should rise 18% to 20% company's products segment, performance and low volatility, quarter.” regardless of market direction.
over a year ago as he warned which makes up a bulk of regardless of market direction. Trade probably subtracted 3.25 V i s i t h t t p : / /
that a return to normal economic Cisco's revenue, while service V i s i t h t t p : / / percentage points from growth, www.sitkapacific.com/
conditions would take longer sales were up 12%. Priced For www.sitkapacific.com/ the most since 1982 and up from account_management.html to
than previously expected. Wall Perfection account_management.html to the 2.78 points the government learn more about wealth
Street forecast a 21% gain in Frequently it's not the news that learn more about wealth estimated last month, Bandholz management and capital
the quarter's revenue. matters, it's the market's management and capital said. preservation strategies of Sitka
Mr. Chambers said that the reaction to it. In this case Cisco preservation strategies of Sitka By Resler’s calculations, the Pacific.
term "unusual uncertainty" was is getting hit pretty hard after Pacific. world’s largest economy
an accurate way to describe the hours. probably grew at a 1.3 percent
current environment, noting that Across the board, stocks are pace from April through June,
customers have exercised "an priced for perfection. And when while Greenlaw’s estimate is
unusual amount of stocks are priced for perfection, down to 1.4 percent. That
conservatism and caution." small slips matter. Expect to see should put a nice international
Cisco's significant reach into the more stock market reactions like flavor to the "Non-Recovery".
guts of many businesses make it this on any miss, even when Mike "Mish" Shedlock
a good proxy for broader profits are up 79%.
• Style
Courtney Comstock (Money Submitted at 8/12/2010 6:30:00 AM
Game) • Beauty
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E-reader News Edition Culture/ 43
Sexy Back to the Penn Join Their Girls For Submitted at 8/11/2010 3:00:00 PM
On Background
Sarah Williams Goldhagen and the Middle East), and a flat, maintain, it “enjoyed a meaning Temple (pictured), buildings are These representations of holy
(The New Republic - All Feed) non-realistic, and boldly and status equivalent to those of signs, not symbols; they are buildings and cities may have
Submitted at 8/11/2010 11:00:00 PM delineated style. And painting the saints depicted." divinity made concrete. Or, in functioned as icons—or
after painting (after painting) Are uri and Hadjitryphonos the words of uri and materializations of That Which
Europe’s cathedrals, churches, suggests that, to Byzantine correct? This Icon of Saint Hadjitryphonos, they function as Cannot Be Materialized—but
monasteries, and baptisteries artists, architecture meant little. Spyridon depicts a portrait of a “means for spiritually crossing they did so differently than did
cover the countryside like Flat registers of exterior walls the saint above the city of Corfu, the divide between the earthly representations of saints. Images
Veronica’s veil. They comprise and cartoonish, dark-lined where Spyridon “miraculously” and the heavenly domain.” of buildings and cities (such as
the continent’s landmarks and images of church facades, stopped Venetian authorities Much evidence substantiates the pictured mosaic, likely from
focal attractions and, for domes, or towers seem to from celebrating a Roman the notion that, in the Byzantine the Church of Qalat Kalota)
centuries, have been integral to function largely to organize a Catholic mass inside the church conception of the divine, offered an overlapping, diffuse,
its culture. It is curious, then, composition, add a sense of over which he presided. Here, architecture served as far more and sometimes contradictory
that, in the history of art, shallow space, or create the composition suggests than background. Constantine, field of metaphors. These varied
architecture has been a coloristic contrast (such as in the equivalence between saint and after all, oversaw the most over time and space, mostly
relatively infrequent subject—in image above of a seventeenth- city. Yet examples of extensive building campaign without discernable pattern. A
Western painting before 1900, century Russian icon from the compositions giving equal undertaken in the West in depiction of a church could
only scattered examples come to Novgorod School). Interior weight to buildings and figures generations. Fourth-century represent the social space of
mind, such as the Dutch spaces almost never appear. are rare. Mostly, when one Byzantium, not just the communal religious assembly;
seventeenth-century church Indeed, structures appear to be thinks of Byzantine icons, what eponymous Constantinople, was God’s dwelling; the deity
interiors by Emanuel de Witte lowly tools in Byzantine artists’ comes to mind is saints, saints, restless with construction. himself; the heavenly city; the
(pictured here) or the panoramas project of vaunting the hallowed saints. Basilicas, baptisteries, martyria, cosmos (God’s creation, of
of Venice by Canaletto. The visages of the saints, prophets, uri and Hadjitryphonos contend monasteries, pilgrimage course); the dwelling of the
words art historians most and other divine Christian that, in Byzantine art, sanctuaries, and other structures human soul or spirit (the divine
frequently summon to describe personages. buildings—not just saintly rose in Rome and cities within us); even the liminal
the role of architecture in Not so, argue Slobodan uri and figures—serve a devotional throughout what is now Italy. space between the earthly and
painting echo most people’s Evangelina Hadjitryphonos in function. Many Western viewers They also sprang up along the the divine.
daily experience with the magnificent new book assume that, before the mid- Mediterranean coast and the Along with these metaphors,
architecture: Again and again, Architecture as Icon: Perception nineteenth century, if an artist many pilgrimage routes to the so there were the political
one reads dismissals of and Representation of made a representation of a -called Holy Land, Palestine. functions of architecture in
architecture as merely a Architecture in Byzantine Art, person or place, he or she meant Architecture helped to first Byzantine art. Consider the
“framing device.” which was the catalogue to an for it to be realistic. But define and then perpetuate the famous mosaic in the Hagia
If architecture seems a minor exhibition of the same name Byzantine artists sought new religion, and it continued to Sophia in which Justinian holds
player in the Western tradition, held at the Princeton University representation without do so for hundreds of years. a model of the Church and faces
it appears even less significant Art Museum earlier this year. realism—indeed, their approach Along with the edifices grew an Constantine, who holds a model
in Byzantine art, an The authors contend that, to image-making was self- artistic tradition of depicting of Constantinople. Both are
amorphously defined despite the many stylistic consciously developed to buildings, both real and offering these models to the
aggregation of objects dating indicators suggesting oppose the idealized realism of imagined, in mosaics and seated Virgin, with Jesus in her
from the third century to as late architecture’s apparent Graeco-Roman art. So, to enter paintings, models, reliquaries, lap. The work seemingly confers
as the early nineteenth. The insignificance in the Byzantine the conceptual universe of cross bases (pictured above), divine sanction on these
pieces are united by religious tradition, our Western eyes Byzantine art, one must imagine plaques, manuscript political leaders’ regimes by
subject (Christianity), deceive us. Architecture is the architecture depicted as illuminations, maps, tokens, and drawing direct lines between
geographic origin (parts of neither background nor framing iconic. In paintings like The even souvenirs collected along BACKGROUND page 52
eastern Europe, western Asia, device. Rather, the authors Presentation of the Virgin in the pilgrimage routes.
E-reader News Edition 49
ROADMAP
continued from page 47
that many, if not most, of more dynamic, to encourage working must come into being and a greater density of and clustering are the
today’s high-tech innovations more hands-on, interactive as well. We didn’t finally development, along with the underlying motor forces of real
are products of the open-ended, creativity. The centralized emerge from the Great construction of smaller and economic development. As Jane
collaborative explorations of school system as we know it is, Depression until the rise of the more low-energy houses—not Jacobs identified and the Nobel
hackers. Steve Jobs didn’t after all, another product of the suburbs in the 1950s, which just because this is a greener Prize-winning economist Robert
invent the PC; he saw its Industrial Age. And we fuelled demand not just for way of life (which it is), but Lucas later formalized,
components at work at PARC, shouldn’t fret about having to single-family homes but for the because it’s required to free up clustering speeds the
realized their potential, and put teach non-native students the cars, refrigerators, washer- capital that can be invested in transmission of new ideas,
the pieces together. English language either. An driers, TVs, and stereo systems the skill development, increases the underlying
Silicon Valley attracted the uninterrupted inflow of talented that were coming off the technology development, and productivity of people and
smartest innovators and immigrants is absolutely key to assembly lines. Home economic structures that the firms, and generates the
entrepreneurs and provided our future prosperity. ownership provided a powerful economy of the future requires. diversity required for new ideas
them with the freedom and the Entrepreneurship should form of geographic That means eliminating the to fertilize and turn into new
funding to mobilize the become the fourth R, right Keynsianism. mortgage interest tax deduction innovations and new industries.
resources they needed to start alongside reading, writing, and But that system has reached the along with other massive federal In fact, the key to
their own companies. What arithmetic. Kids need to learn end of its useful life. It has led subsidies for the secondary understanding America’s
worked in Silicon Valley has to more than just the abstract to overinvestment in housing, mortgage market, as well as historic ability to respond to
be reproduced across the principles of economics—they autos, and energy and other massive subsidies for road great economic crises lies in
board—government and should be taught how to form contributed to the crises we are construction and infrastructure what economic geographers call
business need to work together businesses, create business trying so hard to extricate that undergird sprawling, the“spatial fix”—the creation of
to create and maintain an open plans, and market their ideas. ourselves from today. It’s also economically inefficient, utterly new development patterns, new
environment for innovation. Education can no longer be no longer an engine of economic wasteful suburban and exurban ways of living and working, and
That means dialing back confined to traditional academic growth. With the rise of a development. I am not new economic landscapes that
intellectual property restrictions subjects; students must learn globalized economy, many if advocating that we become a simultaneously expand space
to encourage a freer flow of how to create something of their not most of the products that nation of renters, but the balance and intensify our use of it. Our
ideas; encouraging universities own. Imagine if we devoted a filled those suburban homes are of homeownership should tilt rebound after the panic of 1873
to open up their labs and fraction of the time and money made abroad. Home ownership back from its current level of 66 and long downturn was forged
discoveries to the world; and and passion that we give to worked well for a nation whose percent to perhaps 60 or even 55 by the transition from an
actively enabling and attracting athletics to helping our young workers had secure, long-term percent. agricultural nation to an urban-
entrepreneurs (a resource that is people learn how to turn their jobs. But now it impedes the Instead of further encouraging industrial one organized around
in truly short supply) from all ideas into enterprises. We are flexibility of a labor market that the growth of an auto-housing- great cities. Our recovery from
over the world to come to the wasting time and resources requires people to move around. suburban complex, the the Great Depression saw the
U.S. and turn new discoveries training young people for My own research shows that the government should promote rise of massive metropolitan
into companies that can grow factory and administrative jobs most innovative, most those forces that are subtly complexes of cities and suburbs,
and create jobs. We have to that no longer exist; they have to productive, and most highly causing the shift away from it. which again intensified and
encourage our own young learn how to innovate and create skilled regions have rates of Chief among these are the expanded our use of space.
people to take risks and start jobs of their own. homeownership of 55-to-60 creation of inter-connected Renewed prosperity hinges on
companies, too. That means That brings me to a central percent, while those where mega-regions, like the Boston- the rise of yet another even
providing portable benefits, and issue that has been completely homeownership exceeds 75 or Washington corridor and the more massive and more
not just in health care. absent from the current debate. 80 percent are economically Char-lanta region (Atlanta, intensive geographic
Our whole education system As our new economy emerges, a distressed. Charlotte, and Raleigh Durham) pattern—the mega-region.
needs a drastic overhaul to make new way of life and a new Federal policy needs to and ten or so more across the
its teaching styles less rote and geography of living and encourage less home ownership United States. Concentration ROADMAP page 54
50 Politics/ E-reader News Edition
their imperial rule and their this northern outpost in the to navigate their world, to Various funerary monuments
religious authority. White Sea. Seen through uri and identify the important and and religious structures,
Admittedly, from the modern Hadjitryphonos’s eyes, the distinguish it from the comically flattened, lay just
standpoint, it is the apparent representation of the monastery secondary, and to understand the inside the city walls. Centrally
strangeness of these images that enhances the sense that enmeshed relationship of our located and encircled by the
accounts for some of their here—both in this icon and in inner world and the places and walls of the old city is an
appeal. Consider the remarkable this place—divinity resides. objects we use in the service of enormous representation of the
icon of St. Simeon Stylites Such distortions in Byzantine our days. Church of the Anastasis—in
(left), the Christian ascetic who art also reveal truths about how Architecture as Icon is section, with biblical scenes
lived standing on a small humans relate to their fascinating because it succeeds (Abraham’s sacrifice of Isaac,
platform atop a pillar near world—truths that are effaced in in two difficult and not the Deposition) scattered on
Aleppo for 40 years. Simeon the realism of the Western necessarily complementary different floors.
stands nearly half as tall as the tradition, but which appeal to tasks. It compels us to step into Here, in a single image, we
15-meter column, which would the contemporary eye. People the mind of the Byzantine artist, have a map that supplies
make him more than 24 feet tall. understand spatial relations from challenging us first to identify pilgrims with all the information Nick Cannon
uri and Hadjitryphonos argue an egocentric point of view. The and then to shed assumptions needed to successfully navigate
that such distortions are often proportion of our head to our about art, representation, and their spiritual journey through Extends TeenNick
deliberate contributions to a bodies may be approximately faith that we may not have even the Holy City. It is a painting
work’s iconic nature. Consider 1:8, but, in our lived experience, been aware we held. At the that delineates the enmeshed Chairmanship
the wonderful pink, green, and head and shoulders tower above same time, the book invites us to relationship of spirituality and Mike Moody (TV Squad)
gold Icon of Saints Zosima and the rest of our bodies, in the analyze why this non-abstract place, and an icon that Submitted at 8/12/2010 4:30:00 AM
Savvatii (right), which flanks sense that they are much more art, with its many distortions, instantiates divinity in earthly
the remote monastery on important to our internal sense seems so fresh, so form. Even a twenty-first Filed under: TV News What's
Solovetsk Island in northern self than, for example, our contemporary. These tensions century non-believer can feel a the secret to long-lasting success
Russia. Zosima, the monastery's torsos. What’s more, when we are perhaps nowhere better reverent admiration for so many in TV Land? Racking up good
founder, and Savvatii, one of its navigate the world, we use not a expressed than in one of the accomplishments, concentrated ratings doesn't hurt. And being a
earliest inhabitants, tower above single, coherent, internally book's most delightful paintings, into one work of art. super popular actor/rapper/radio
the city’s outer walls, and even stored mental map but, rather, a which is of Jerusalem and Sarah Williams Goldhagen is personality, who also happens to
above the roofline of one of the patchwork of viewpoints, arranged along the lines of the architecture critic for The be married to a certain headline-
basilicas within. Both saints are landmarks, and paths. descriptions in pilgrims' New Republic. grabbing diva, certainly helps.
depicted frontally, but their city Indeed, underlying the strange guidebooks. A beautiful For more TNR, become a fan Nick Cannon, a.k.a. Mr. Mariah
is shown from a diagonal bird’s ways that figures relate to composition of yellow and red on Facebook and follow us on Carey, is all of those things, and
eye perspective. In another architecture in Byzantine art is a ochres, watery blues and greens, Twitter. he's also helped TeenNick ring
spatial and perspectival shift, the genuineness about lived this painting from the first half in its highest-rated quarter ever.
seated figure of Jesus is experience. The pictorial of the seventeenth century The cable channel is celebrating
positioned at the top and center distortions (such as those in the distorts scale, proportional by extending Cannon's run as
of the painting, hands pictured mosaic from the relationships, and points of view network chairman through
outstretched. He is set apart in a Martyrion Basilica in the into a captivating collage of January 2012, reports Variety.
deep red, mandorla-like form Church of the Holy Sepulchre in perspectives. The overall image Permalink| Email this| Linking
(proportionally, far larger than Jerusalem) resonate with the is a bird’s eye view showing the Blogs| Comments
either of the saints), blessing distortions humans actually use city’s hills and ancient walls.
E-reader News Edition Politics/ Products/ 53
For whatever reason, he chose transparency measures in the the Moscow Treaty.
Obama Sends Ramadan
not to do so.
Sixth, the stakes for the U.S.
Moscow Treaty stems in part
from the continuation of the
Ultimately, Pincus’s article
reveals that he believes the Wishes
were lower and the terms of the verification and transparency Senate’s most important (Newsmax - Inside Cover) dozens of embassies in the US
agreement were simpler with the measures of the original START responsibility in the Submitted at 8/12/2010 5:50:20 AM capital, while Obama was to
Moscow Treaty. Therefore, the through early December 2009. consideration of arms control receive guests for the meal at
depth of the Senate review could However, given that it was and treaties is not to protect the Thursday, 12 Aug 2010 10:50 the White House.
be more limited. The stakes, for is out of Russia’s reach to security of the American people AM Obama said the rituals of
the reasons described earlier, are exceed the Moscow Treaty’s and preserve American strength, President Barack Obama on Ramadan "remind us of the
far higher for the U.S. regarding deployed warhead limitation of but to ensure identical technical Wednesday offered best wishes principles that we hold in
New START. Regarding 2,200 at the end of 2012 as well standards are adopted. to Muslims in the United States common, and Islam's role in
simplicity, the Moscow Treaty as the fact and that the Moscow Accordingly, Pincus is of the and around the world as they advancing justice, progress,
contained fewer than 500 Treaty contains no interim view that the Senate needs to observe the holy fasting month tolerance, and the dignity of all
words. New START, by limitations to verify, the treaty apply the same technical of Ramadan. human beings."
contrast, exceeds 68,000 words would have been stronger if it standards during its "All of us must remember that "Here in the United States,
when the Protocol and Annexes contained such provisions at the consideration of an arms control the world we want to build -- Ramadan is a reminder that
are included. learly, the Senate outset. The Bush Administration treaty that clearly favors the and the changes that we want to Islam has always been part of
has compelling reasons to spend later proposed such measures to U.S., such as the Moscow make -- must begin in our own America and that American
more time reviewing the Russia, but Russia chose not to Treaty, to other treaties, such as hearts, and our own Muslims have made
implications of New START accept these measures. Pincus’ New START, where it is far less communities," Obama said in a extraordinary contributions to
than it spent on reviewing the valid argument here, however, clear that a position of strength statement released by the White our country," said the president.
implications of the Moscow also reveals that his perspective for the U.S. is being preserved. House. "And today, I want to extend my
Treaty. is one-sided in the comparison Five Filters featured US Secretary of State Hillary best wishes to the 1.5 billion
Pincus does make a valid point, between Senate consideration of article:"Peace Envoy" Blair Gets Clinton also issued a statement Muslims around the world --
however, regarding the absence the Moscow Treaty and New an Easy Ride in the offering the traditional holiday and your families and friends --
of verification and transparency START. His entire article levels Independent. Available tools: greeting: "Ramadan Kareem." as you welcome the beginning
measures in the Moscow Treaty. criticism at Senate Republicans PDF Newspaper, Full Text RSS, "Ramadan is a time for self- of Ramadan," he said. "May
This is not to say that New for applying careful review Term Extraction. r e f l e c t i o n a n d s h a r i n g . God's peace be upon you."
START’s verification standards in the consideration of A m e r i c a n M u s l i m s m a k e Copyright © 2010 AFP. All
provisions are adequate, New START and yet, spends no valuable contributions to our rights reserved
particularly in the context of the time criticizing Senate country every day and millions Five Filters featured
central purposes of the treaty. Democrats for not insisting on will honor this month with acts article:"Peace Envoy" Blair Gets
The absence of verification and similar standards in reviewing of service and giving back to a n E a s y R i d e i n t h e
their communities," she said. Independent. Available tools:
Both Clinton and Obama were PDF Newspaper, Full Text RSS,
set to host Iftar, the meal that Term Extraction.
breaks the daily fast. Clinton
was co-hosting an event with
56 Politics/ TV/ E-reader News Edition
compensate them for being left Rahm Emanuel assured her the action lawsuit, named after
Producer Mark Gordon
out of federal farm loan and
assistance programs for years
administration would provide
funding in the next two weeks
North Carolina farmer Timothy
Pigford, was settled in 1999. Accused of Using Racial
due to racism, but are still for the disaster aid package that The first case awarded more
waiting for funding.
There have been seven failed
is one of her top priorities.
Boyd said he believed the bulk
than $1 billion in payments and
debt relief to black farmers, but
Slurs at Pilot Table Read
Chris Harnick (TV Squad)
attempts by the Senate, of those funds would go to large tens of thousands of farmers
including one last week, to fund -scale farmers already treated missed the filing deadline. The Submitted at 8/12/2010 6:00:00 AM
Range anxiety is a term you’re but after a while, when I really location at about the limit of the upcoming cars with just 100
likely to be hearing a lot more as understood the distances to my Samsung: New 3D LCD,
drivers’ comfort level to give miles of range will meet the
electric vehicles (EVs) make common destinations--work, the plasma HDTVs, more Internet
them an opportunity to charge if daily needs of the vast majority
t h e i r d e b u t o n A m e r i c a ’ s supermarket, and so on--I apps
they needed. The company of American drivers keeps being
roadways. At a press event yesterday,
became more comfortable with found the drivers were then repeated in marketing and PR
Limited range is inherent with how far I could drive between Samsung unveiled several new
completing their routes and campaigns.
any EV and has been the electric charges. I also delighted in 3D TVs(including the $1,000 50
returning with the vehicles’ This claim may not be as
car’s main sticking point. Some never having to stop at a gas -inch plasma TV we reported on
batteries almost empty. The contradictory as it seems. It’s
drivers who have tried electric station or worry about oil yesterday), the industry's first
kicker? The drivers never used understandable that drivers’
cars have reported their anxiety changes. Plugging the car in portable 3D Blu-ray player, and
the additional charging station, anxiety is there since it is bred
about exceeding the car’s range o v e r n i g h t i s m u c h m o r e a new higher-end home theater
but knowing it was there made from gasoline cars. The added
and getting stranded away from c o n v e n i e n t , ” E n g s a y s . system designed to match the
all the difference. infrastructure is likely to address
a charger. Long charge times are He’s not the only one. Sherry cosmetics of its flagship C9000-
It gave them a psychological that for those who have
also a concern. series LCD TVs with LED
Boschert, the author of “Plug-In comfort level with running the switched their mindset.
Driving an EV requires certain Hybrids” relates in the book backlights.
batteries down. But the vehicles’ For more on electric cars and
behavior. Our own Senior Editor how she and many of her EV- The company is also greatly
range was adequate from the future technologies, see our
for Electronics, Paul Eng who owning friends sold their expanding the content available
beginning. guide to alternative fuels.
leas a Mini-E for the past year gasoline cars about a year after via its Samsung Apps platform,
Several electric cars are set to — Eric Evarts Subscribe now!
has some insights. When he first buying an EV, finding they no and says it has new exclusive
debut starting at the end of this S u b s c r i b e t o
got the car, he experienced such longer needed them. deals for 3D Blu-ray titles,
year, including the Chevrolet ConsumerReports.org for expert
range anxiety that he only drove In Japan, one electric vehicle including DreamWork's How to
Volt and Nissan Leaf. The main Ratings, buying advice and
it every other day. But that was fleet operator infamously found Train Your Dragon 3D, that will
benefit of electricity as an reliability on hundreds of
because he was using a slow that its drivers were regularly be part of a new Starter Kit
alternative fuel for cars, as products. Update your feed
110 volt charger that took more returning with batteries half full. opposed to fuel cell, is that it preferences SAMSUNG: page 64
than a day to charge the car. After polling the drivers, he doesn’t require a whole new
back, although players who live." The new beta dates are
How Max Headroom Predicted My
already signed up will
apparently be rewarded with
expected to be announced
"shortly." Job, 20 Years Before It Existed
"exclusive in-game content" Test Drive Unlimited 2 delayed Annalee Newitz - io9 (Popular the tagline "twenty minutes into
when the final game arrives (and until Q1 2011 originally Science - New Technology, the future," here's a quick recap.
they'll still participate in the appeared on Joystiq on Thu, 12 Science News, The Future Investigative reporter Edison
multiplayer test drive). Aug 2010 11:07:00 EST. Please Now)
Carter works for Network 23 in
According to a message posted see our terms for use of feeds. Submitted at 8/11/2010 3:15:30 PM an undefined cyberpunk future,
on the official website for Test Permalink| Email this| The entire 80s cyberpunk Max where all media is ad-supported
Drive Unlimited 2, the delay Comments Headroom TV series is available and ratings rule all. Reporters
will allow Eden Games to apply today on DVD, and one of the carry "rifle cameras," gun-
The Premise
"a few extra months of polish" pleasures of rewatching the For those who don't know the shaped video cameras, which
and ensure "that we deliver a series is discovering how many premise of the 1987-88 series, are wirelessly linked back to a
robust and reliable online things it got right about the HOW page 71
where every episode begins with
service from the day we go future.
HOW
Programming followups continued from page 71
blipverts have started to blow call from the head honchos at turn Rakers into a TV show and systems, repurposed here). wasn't able to predict lolcats).
people up by overstimulating the network, telling him to pull a Zynga game at the same time. Because the whole show is What we're also seeing in this
the nervous systems of people the story. We catch a glimpse of As a sidenote, another way that about television, all the hacks clip is a content packager who
who are sedentary and eat too how Murray is tracking the this show seems eerily prescient are signal hacks rather than has arranged for some terrorists
much fat. The series was popularity of Edison's show is in its depiction of how self- computer network hacks. One of to blow up some buildings to
produced by a British company minute-by-minute against the obsessed the media has become. the major things the show got jack up ratings on the network
for American television, and the shows on other networks. Nearly every single episode of wrong about the future was not that has an exclusive partnership
character Max Headroom also This is exactly how most media the show turns into a story of including any kind of internet. to air the terrorists' activities.
starred in commercials and was works online, where audience- how Edison has stumbled into So Bryce is trying to hack using And you also get a glimpse of
a VJ for a shortlived music tracking services can give you a an investigation of corruption at different kinds of broadcast the famous "camera rifle,"
video show. second-by-second update on his own company. Network 23 signals, instead of sneaking in because a Network 23 reporter
There are many reasons to how many people are viewing is broadcasting the deadly via an internet connection. is filming the terrorists, too.
watch this show, from its great your video or your livestream. blipverts via its advertising Still, in this scene and many Love that her magazine is a
writing to its straight-outta- In fact, if you look in the upper sponsor Zik Zak; the network is others in the show, we see an videotape, and that the record
Neuromancer feel, but the best right hand corner of this post, also about to option the deadly entire outlaw media culture: the button is a trigger.
reason is that it's still managed you can see how many people Rakers show; and in later blanks are like Anonymous, Once again, in this episode, the
to stay relevant over two have viewed it. You are living in episodes it turns out the completely off the data grid yet reporters and media become part
decades after it was canceled. the Max Headroom future right company is in bed with a using it for political ends (or just of the story. Edison winds up
And that's because the show got now. corrupt security company, is for griefing); and Reg is playing investigating how their rival
so many predictions right. Max Headroom predicted how deliberately getting people pirated videos on his TV station. network is staging terrorist acts
Max Headroom predicted big networks would rip off addicted to its shows, and is Of course, in a world where in order to boost their ratings.
instant-ratings media YouTube celebrities helping to arrest blanks. When television signals can kill or It's reality television, only just a
In the scene above, from the In another episode called Edison isn't investigating his control your mind, media little bit more savage and violent
episode "Blipverts," you can see "Rakers," Edison investigates an own company, he's investigating hacking is pretty serious than it is today.
how reporters of the future do underground sport called Network 66, which is run by a business indeed. But wait there's more
their jobs - and how their Raking. Kids have created DiY former Network 23 executive. Max Headroom predicted ad- That's right - I'll be reviewing
success is measured in instant motorized skateboards, and Max Headroom predicted driven news and violent reality the second season of Max
ratings. This is the first episode, engage in a kind of combat- 4Chan, pirate video, and media TV Headroom next week, and
before Edison gets paired up racing which results in a lot of hacking I included the clip above, from talking about what made Max
with controller Theora, so we injuries and deaths (hence I love the scene above, which the episode "War," because it Headroom a major media icon.
see him with his previous Edison's investigation). What takes place in the slums outside depicts this little side-alley in So t-t-tune in next week, for
controller being guided through we see in the clip above are the the city where Network 23 is the Max Headroom universe more M-M-Max Headroom! In
an apartment building to get his network execs talking about located. The TVs heaped that's utterly genius. It's the Ad the meantime, buy something
story. (The story is that blipverts how they should create a Raking everywhere are a constant part Market, a stock market where from Zik Zak!
are blowing people up.) This is show because a pirated video of the show's landscape. Here people buy and sell ad time on io9 is a website about the
media done blogger-style, with cube (basically, a YouTube we meet Blank Reg, an old punk all the television networks. This future, exploring the science and
one reporter dropping into the equivalent) has been making the who runs a pirate TV show out is during a global sweeps week, science fiction that will take us
scene, doing his own video, and rounds and the numbers on it are of his trailer. and we watch as people there.
feeding it directly back to the astounding. And like any good In this episode, called "Security frantically buy and sell time -
network where it's going out social network of today, Systems," Reg helps Edison and though Network 23 is losing
live. Network 23 wants to make sure his scooby gang to get through here, because they're showing
I love the detail at the end of to suck up gambling dollars too some serious "ice" (William dog videos on the news
the clip, where Murray gets a - it's as if Network 23 is going to Gibson's term for security (apparently Max Headroom HOW page 73
E-reader News Edition Science/ 73
HOW
Grid Could Meet Sudden Energy Demands By continued from page 72
approach the physical ceiling of That finite limit on how intense fires, causing photons to impact built. Removing the Pump NASA TV
laser intensity -- they may turn a laser can get is hypothesized electrons at a tremendous [ PhysicsBuzz] After one failed attempt to
out to be the most powerful to exist because, at sufficiently velocity, it is possible for matter remove a broken cooling pump
on Saturday, a second attempt
LASER-SCANNING has succeeded. In a seven-and-a-
continued from page 73
half-hour spacewalk, Doug
cityscapes, has adopted their was an inertial management unit models of interiors. Data Wheelock and Tracy Caldwell
mapping tech for the individual (IMU) like those used in guided gleaned from the pack could Dyson managed to unhook the
person. While wearing the pack, missiles. The IMU figures out help generate video games that ammonia line that was spewing
humans take on the role of those where the backpack is relative to are played in better real-world frozen NH 3 crystals last time,
Google Street View cars that where it just was, the cameras environments, and the models then pry off the broken pump
roll around cities snapping gnerate a four-direction view, could be used to make buildings with a grapple bar. Whew.
images that can be laid over and the lasers record the more energy efficient. A third spacewalk is scheduled
maps. geometry of the world around [ UC Berkeley via KGO-TV] for no later than Monday to
But while Google Earth uses them. install the spare pump. After
GPS to create its 3-D The backpack is part of a larger that, one more spacewalk may
renderings, the team had to effort to map the entire world, be required to tidy up after all
figure out another way to model inside and out. But cartography the other spacewalks.
interiors in 3-D (GPS isn't very isn't the only field that can In the meantime, the cooling
reliable indoors). The solution benefit from such detailed 3-D system is limping along at half
strength, while the side of the
ISS that faces the Sun reaches
250 degrees. As Clay Dillow
pointed out on Monday, after
ISS page 75
E-reader News Edition Health/ 75
ISS
continued from page 74
t h e r e p l a c e m e n t p u m p i s this year.
Best New
installed, there will be only one [ NASA]
additional spare, which is Off-Road
worrying. No currently available
spacecraft is large enough to
carry additional spares to the
Vehicles
station, except the Shuttle, (Mensfitness.com)
which is being decommissioned Submitted at 8/12/2010 5:00:00 AM
by Noah Johnson
What Causes Bad Breath? Print Article Email to Friend
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I have a fairly healthy diet. But I element that contributes to the tonsil nuggets hiding in there. If care provider.** 12,000-lb. winch, the Power
do have one embarrassing delightful smell of farts, so you they can find a reversible cause, Dr. Steve is the resident Wagon may just be the toughest
problem. As much as I brush can imagine what this does they'll treat it immediately. If medical expert for the Opie and 4x4 on the market. Based on the
and floss my teeth, I always coming out of your mouth. they can't, they may refer you to Anthony and Ron and Fez already impressive Ram 2500
have horrendous breath. I'm not Causes of flatus-breath include a medical provider to make sure shows, and the host of his own Heavy Duty 4x4 Crew Cab, it
talking about a little morning plaque buildup, broken down there isn't a non-oral problem Sirius XM Radio program, also packs in even more ground
breath — it's as though a pig ate dental work, dry mouth, or causing your horrid breath. Weird Medicine. clearance (a massive 14 1/2
rotten food and then defecated bacterial growth on the back If you find that you have tonsil Related articles: inches), plus armored skidplates
into my mouth. I'm always too part of the tongue. There are nuggets, they are easily treated Dr. Steve reveals whether on the underbody to protect
embarrassed to stand close to some people with "crypts" (cave by cleaning out the crypts with a portable devices can damage against damage. Definitely not
people when I talk. As a result, I -like openings) in their tonsils "water pik." Daily maintenance your family jewels for the passive off-road driver.
come off as being unfriendly or that make nasty smelling stone- is required to keep food and Dr. Steve goes into the belly of ramtrucks.com
standoffish. What can I do to get l i k e t h i n g s c a l l e d " t o n s i l dried mucus from gathering in the beast to help an irregular 2011 Porsche Cayenne Hybrid
rid of this swamp breath? — nuggets" or "tonsilliths" that can these meat caves, where they reader Towing capacity: 7,700 lbs.
Wayne L., NY, NY make your breath smell like just rot and stink up your mouth. Dr. Steve uncovers the true Horsepower: 388
You describe a condition called something from the nether Extreme cases with chronic dangers of recreational drug use Base price: $67,700
"halitosis," or in your case, "pig regions of hell. The other 10% infection of the tonsils would be [on Facebook, Digg, Reddit and This gas/electric hybrid fuses
turd breath." Chronic bad breath of cases are caused by sinus an indication to see an Ear Nose more] Porsche's classic design sense
(as opposed to the occasional infections, reflux of stomach and Throat surgeon for a Five Filters featured with incredible off-road
morning breath, or a post-liver- acid, or problems with the liver, consultation. article:"Peace Envoy" Blair Gets performance, the overall utility
and-onions train wreck) affects kidneys, or pancreas. In the meantime, you can an Easy Ride in the of a 4x4, and unprecedented
millions of people in the world, If you've tried scraping your always simply chew gum. Independent. Available tools: ecofriendly efficiency. Pair that
and is defined as awful breath tongue and you don't have any Although it is considered PDF Newspaper, Full Text RSS, with a powertrain combing a
that can't be fixed with simple other medical problems, your unprofessional in some circles Term Extraction.
brushing or mouthwash. first trip should be to your and can contribute to jaw pain BEST page 76
76 Health/ E-reader News Edition
supercharged V6 combustion visibility. A 3.6L V6 engine 256-hp, 3.6-liter six-cylinder Three classic cars that go Chicken and Chorizo
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and you have a permanent all- five different terrain the cab, and more ground Six Gas-Saving Tips Recipe: Skillet Mac & Cheese
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ride that uses 23% less fuel than snow, and rock—plus an air (8.7 inches). It also comes with more] [on Facebook, Digg, Reddit and
previous models. suspension allowing you to 17-inch alloy rims, paddle Five Filters featured more]
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TOMATO
continued from page 76
TOMATO page 76
E-reader News Edition Religion/ 77
that transferred him to Southern date back to 1968 and, since sanctuary. By 2003, critics North America. This is
California to open a new plant. then a number of important gay within the church raised President Barack Obama’s It’s always interesting to see
Rev. Perry, with his wife and voices have been linked to its questions about Piazza’s church, the denomination that what stories reporters jump on
two sons, made the move in work and pulpit ministry, financial management, began openly ordaining gays and which are ignored. This has
1962. including the Rev. Michael prompting an investigation by and lesbians in 1980. There is actually been a good year for
Once in California Rev. Perry Piazza and the Rev. Mel White. the Metropolitan Community no clearly theistic church to the coverage of changes in religious
was assigned to pastor the To cut to the chase, the church Churches. A nasty fight ensued, left of the UCC. affiliation, thanks to some major
Church of God of Prophecy in has evolved quite a bit and there with Piazza resigning his So, what do the people at the studies on the matter. Here’s a
Santa Ana. It was there that is a hint of this in the story. Metropolitan Community Cathedral of Hope belief and CNN piece headlined “Study:
Rev. Perry experienced an A big, unabashedly gay church Church credentials, and the preach today in terms of basic Young Americans less religious
“uneasy” coming out and came in a Bible Belt city may have church voting to leave the faith issues? How has the church than their parents,” for instance.
to terms with his gayness. struck many as surprising, and it predominantly gay changed? It seems to me that the I caught this Reuters story
See what I mean? Suffice it to certainly drew media attention. denomination. … News has fallen for a very old about another study with a
say that Perry was not alone, in But others say it’s no wonder Soon members voted to join the trap and has painted this somewhat surprising take on
terms of his Pentecostal and that Cathedral of Hope United Church of Christ, a important congregation as the denominational affiliation and
Baptist roots. flourished where it did. mainline Protestant gay church, period. That is way waited for a few more stories to
Now, this brings me to a story “In some ways, Dallas is the denomination that welcomes too simplistic. come in before posting on it.
that ran the other day in the perfect place,” said Bernard gay people, including as clergy. Photo: The Cathedral of Hope They never came. The Reuters
Dallas Morning News, which Schlager, executive director of In other words, this church in Dallas. Written by: tmatt on headline? “Young Americans
still covers religion events and the Pacific School of Religion’s started off as a gay-friendly August 11, 2010. more loyal to religion than
trends from time to time. The Center for Lesbian and Gay church in church-happy, largely Five Filters featured Boomers.” Both this story and
headline was very, very basic: “ Studies in Religion and evangelical region, yet in a city article:"Peace Envoy" Blair Gets the CNN piece above were
Dallas’ Cathedral of Hope, Ministry, in Berkeley, Calif. that also had a major liberal an Easy Ride in the based on what appear to be solid
world’s largest predominantly “It’s a churchgoing culture, and mainline Protestant community. Independent. Available tools: data. There is no necessary
gay church, celebrates 40 Dallas is known for having an My assumption is that the early PDF Newspaper, Full Text RSS, conflict between the two studies
years.” open and vibrant gay life.” congregation was even more Term Extraction. — young Americans might on
Sadly, the story is very, very Through the ’90s, Cathedral of theologically diverse — other average be both less religious
basic as well. This is especially Hope would grow to more than than in its essential affirmation and more loyal to religion than
important because the Cathedral 3,000 members, and by mid- of same-sex relationships — their parents.
of Hope is, as you would expect, decade had commissioned than the church I covered in But for those of us who are
a rather important and symbolic renowned architect Philip Denver. At that point in time, involved with our
flock. In part, this is because Johnson to design an entire the MCC was a pretty complex denominations, this is
interesting news and I wish it
would have gotten more play.
This is purely anecdotal but I
recently attended my church
WHAT page 80
80 Social Media/ E-reader News Edition
WHAT
continued from page 79
body’s convention (Lutheran He said the trend “is good news change to what he described as
On SCVNGR the
Church-Missouri Synod). I had
also attended the convention six
for those who worry about
declining religious adherence.”
“a backlash by political liberals
against the conservatism of the Checkin Game is What
years prior. At the previous Now, just last week did I make 1980s and into the 90s.”
convention, if I had to describe
the average delegate age, it
it into that age group and while I
would be flattered to think of
He suggests that liberal people
who had only a tangential
You Make It
wouldn’t have been “young.” At myself as “young,” I’m not sure connection to religion may have Jennifer Van Grove
(Mashable!)
this convention, I actually ran that’s technically accurate. But decided to leave their faith
into delegates who I had met at the upper bound on that is because of the conservative Submitted at 8/12/2010 8:54:10 AM
youth events when they were in particularly off, no? Apparently emphasis on religion.
high school. The pastors were different people have different “The Boomers’ enmity toward Foursquare challenger and real-
young, the laypeople were definitions for “Baby Boomer” organized religion is still world game layer app SCVNGR
young. In many cases, I felt old. but by my definition, the evident in the relatively large has released a new version of its
And only six years had passed. I youngest are only turning 46 proportion of their children and mobile application that lets
wondered if it was just my this year, right?. So if this age grandchildren who are raised users create their own
church body where young group includes Baby Boomers, with no religious affiliation,” he challenges.
people seemed so much more how can we say they’re more added. The SCVNGR update comes
involved in denominational loyal than Baby Boomers? So it would have been nice to just weeks after the company
affairs. Unfortunately the rest of the see some more coverage. Did released a sophisticated rewards place suggestions were added in
Okay, on to the story. Here’s story is just as confusing. The this study merely look at loyalty program where businesses (for this update as well.
how it begins: study itself may have been great to any religion, loyalty to the example, The Boston Globe and Given that SCVNGR is
Younger Americans, between — based on the General Social same religion or denominational the Minnesota Vikings) can incapable of creating the perfect
the ages of 36 to 50, are more Survey of more than 37,000 loyalty? I’m still pretty unsure. create challenges and define the challenge for every venue,
likely to be loyal to religion than people from 1973 to 2006. But Written by: Mollie on August rewards for points earned at handing challenge creation over
Baby Boomers, according to the lack of data in the story 12, 2010. their venue. The new version to patrons — who can better
new research. made it almost worthless. We Five Filters featured opens up the challenge creation concoct challenges that capture
In a study published in the learn that non-affiliation with article:"Peace Envoy" Blair Gets process to all users of the app. the essence of a restaurant, bar,
Journal for the Scientific Study religion grew from 8 percent in an Easy Ride in the The idea behind user-generated stadium or any other locale — is
of Religion, Philip Schwadel, of the 1970s to 16 percent by 2006. Independent. Available tools: challenges is to allow game a smart strategy that should help
the University of Nebraska- But I never got a good idea of PDF Newspaper, Full Text RSS, players to define the game for motivate engagement.
Lincoln, said this was true even what the study determined with Term Extraction. themselves. SCVNGR players Image courtesy of iStockphoto,
though they were less likely regard to loyalty, per se. The could already select from a few nuno
than previous generations to quotes didn’t really help much seeded challenges such as More About: checkins, location
have been brought up with a either: snapping a photo or completing sharing, Mobile 2.0, scvngr
religion. The professor attributed the a social checkin; now they can For more Mobile coverage:
easily create their own via the • Follow Mashable Mobile on
mobile app. Twitter
SCVNGR also updated the • Become a Fan on Facebook
application with intelligent • Subscribe to the Mobile
friend suggestions based on a channel
user’s Facebook and Twitter • Download our free apps for
connections as well as prior iPhone and iPad
social checkin behavior. Photo
captions and improved nearby
E-reader News Edition Social Media/ 81