lainyc's posterous http://lainyc.posterous.com Most recent posts at lainyc's posterous posterous.com Wed, 25 Jan 2012 02:20:14 -0800 Greek creditors urge quick deal after eurozone (Reuters) http://lainyc.posterous.com/greek-creditors-urge-quick-deal-after-eurozon http://lainyc.posterous.com/greek-creditors-urge-quick-deal-after-eurozon

ZURICH/ATHENS (Reuters) ? Greece's private creditors pleaded on Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.

Athens' hopes for a swift deal with lenders were evaporating after euro zone ministers on Monday rejected creditors' demand for a 4 percent coupon, or interest rate, on new, longer-dated bonds in exchange for existing debt.

The country is desperate for a deal to ensure funds from a 130 billion euro rescue plan drawn up by European partners and the International Monetary Fund arrive before 14.5 billion euros of bond redemptions fall due in March.

"It's important that all parties recognize how much we have at stake and work together and cooperate to find a solution," said Charles Dallara, who negotiates in the name of private bondholders through the International Institute of Finance.

He declined to comment on whether his group would back down on the demand for a 4 percent coupon billed as their "final offer" and said their position was already clear. Greece says it is not prepared to pay a coupon of more than 3.5 percent which would impose steeper losses on its private creditors.

Senior euro zone officials suggested they were preparing for another drawn-out battle despite the ticking clock. They want to make sure any debt swap deal does enough to bring Greece's mountainous debts back on track, to avoid the prospect of having to once again stump up funds for Athens.

German Finance Minister Wolfgang Schaeuble dismissed talk of the IIF's "final offer" with: "That happens in every bazaar."

"You do not need to be impressed by that," he said. "At least I do not."

Without a deal, Athens will be forced into a non-voluntary, hard default that could push other weak euro zone members closer to the edge, although experts are beginning to wonder whether the threat of contagion is as severe as it once was after the European Central Bank flooded the banking sector with nearly half a trillion euros of three-year money in December.

Standard & Poor's will likely downgrade Greece's ratings to "selective default" whether or not a debt restructuring is achieved with the voluntary buy-in of private creditors, but the ratings agency said the ripples might not spread.

"It's not a given that Greece's default would have a domino effect in the euro zone," John Chambers, chairman of S&P's sovereign rating committee, said.

The International Monetary Fund is more concerned, however.

It cut its outlook for global growth sharply on Tuesday, said the euro zone debt crisis was escalating and dragging down the world economy and called for policies to restore confidence.

GREEK DEAL STILL ACHIEVABLE

EU Economic and Monetary Affairs Commissioner Olli Rehn said the two sides remain close to an agreement on a Greek debt swap, which he hoped would come this month rather than next.

Caught in the middle between creditors and European partners stepping up a game of brinkmanship, Athens was left clinging on to hope a deal could still be struck in time. It said it had the euro zone's support to complete the talks in the "coming days."

"In reality, we are now entering the final stretch," Finance Minister Evangelos Venizelos said in a statement.

"I believe everyone has now realized that Greece must be supported in its effort, which is of vital importance not only for us but for the euro zone as a whole and the global economy."

Conservative leader Antonis Samaras, head of one of three parties backing Greece's technocrat prime minister, told Reuters he expected the talks to be wrapped up by March 5 at the latest and said the country must head to polls as soon as the EU/IMF bailout was finalized.

He set April 8 as the deadline for elections.

"PLAN A MODE"

With weeks of talks yielding little progress and growing concern that Greece's fast-deteriorating economic prospects mean it will need more aid from partners either way, European policymakers appeared to be more willing to consider the previously taboo option of a so-called "involuntary" debt swap.

Both sides have so far firmly stuck to plans for a "voluntary" swap that would avoid insurance against a Greek debt default from being paid out.

"There has been a slight change in mood, but no change in the policy lines pursued," a senior euro zone source told Reuters when asked about the mood among policymakers on Greece.

A second euro zone source confirmed the perception of a shift but said: "We are still in Plan A mode."

A source close to the talks said creditors would go towards an involuntary debt swap if there was no agreement by the end of the week, once again raising the chances of a messy default.

Dallara said he was confident of large-scale participation by bondholders in the swap if the two sides were able to strike a voluntary agreement. He is expected to return to Paris to co-chair an internal meeting of creditors on Wednesday to discuss latest developments in the talks, the IIF said.

The bond swap is meant to cut 100 billion euros from Greece's debt burden of over 350 billion, in a bid to ultimately slash its debt from around 160 percent of GDP to a more manageable 120 percent of GDP by 2020.

Under the agreement drawn up in October to rescue Greece for a second time, bondholders would take a 50 percent writedown on the notional value of their Greek holdings.

Sources close to the protracted Athens talks said last week the two sides were converging on an agreement that would see private creditors accepting a real loss of 65 to 70 percent and new bonds with 30-year maturity.

Greece is stumbling through its worst post-World War Two economic crisis, with unemployment at record highs and frequent protests against austerity measures demanded by its international lenders as a condition for bailout loans.

The country is now in its fifth year of recession and has struggled to push through reforms demanded by lenders.

In a sign that Athens' troubles will be far from over even if a debt swap deal was sealed quickly, Schaeuble warned that all Greek political parties must commit to reforms or risk putting the country's latest bailout plan in danger.

(Additional reporting by Sophie Sassard in London, Caroline Copley in Zurich, Jan Strupczewski in Brussels, writing by Deepa Babington. Editing by Mike Peacock and Stephen Nisbet)

Source: http://us.rd.yahoo.com/dailynews/rss/religion/*http%3A//news.yahoo.com/s/nm/20120124/ts_nm/us_eurozone_ministers

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Tue, 24 Jan 2012 13:16:15 -0800 Cooley leads Irish upset of No. 1 Syracuse (AP) http://lainyc.posterous.com/cooley-leads-irish-upset-of-no-1-syracuse-ap http://lainyc.posterous.com/cooley-leads-irish-upset-of-no-1-syracuse-ap

SOUTH BEND, Ind. ? Jack Cooley scored 17 points and grabbed 10 rebounds Saturday night as Notre Dame upset No. 1 Syracuse 67-58 and handed the Orange their first loss after 20 straight victories.

Fans stormed the court after the Irish's rousing victory. It was the eighth time Notre Dame has beaten a No. 1 team ? that ties for fourth-most all-time, with North Carolina having the most with 12.

The Orange (20-1, 7-1) played without starting center Fab Melo, who did not make the trip and will not play Monday against Cincinnati.

Without Melo in the middle, the 6-foot-9, 248-pound Cooley was a major force for Notre Dame (12-8, 4-3) and the Irish won the rebound battle 38-25.

Melo had started all 20 of the Orange's first games, was their leading rebounder with 5.7 a game, averaged 7.2 points and three blocks. School officials gave no explanation why the talented center did not make the trip. C.J. Fair started for the Orange.

James Southerland scored 15 points for Syracuse, which shot just 34 percent and had its lowest scoring game of the season. Scott Martin added 13 for Notre Dame, which hit 50 percent of its field-goal attempts.

Southerland's 3-pointer with 53.9 seconds left brought the Orange to within 62-56 before the Irish held on as Jerian Grant sank four free throws in the final 32 seconds.

It was the first time the Irish have beaten a top-ranked team since 1987 when they defeated North Carolina, also in South Bend. One of the Irish's most dramatic victories over a No. 1 came in 1974, when they stopped UCLA's 88-game winning streak by 71-70.

Syracuse coach Jim Boeheim was denied his 877th career victory, which would have put him in sole possession of fourth place among Division I men's coaches.

Notre Dame led in the first half by as many as 18 and was up 35-23 at the half, shooting 54.4 percent and holding the Orange to 2.6 (8-for-18). Syracuse was only 4-of-13 from the 3-point line and was beaten on the boards 20-13 as Notre Dame seemed to be half step quicker.

Syracuse got off to a better second-half start and whittled the lead to eight less than three minutes in. But Martin hit another 3-pointer for the Irish as the shot clock was winding down and Cooley ? benefiting from Melo's absence ? bulled his way in for a layup to restore the lead to 12. Cooley then dropped in two free throws and Martin again sank a 3-pointer and the Irish were rolling with a 17-point lead.

The Orange then went on a 9-2 run and Kris Joseph's 3-pointer made it a 10-point game with 7:43 to go. Syracuse again cut it to eight before Cooley roared down the court for a dunk with just over five minutes left.

Triche's three-point play with 2:24 left cut it to seven as the Orange made a final run.

Pat Connaughton, inserted into the Irish starting lineup, had a pair of 3s in the early going and Notre Dame bolted to an 11-2 lead.

Notre Dame kept up the long-range accuracy, making four of its first six attempts. And when Eric Atkins grabbed a rebound and went the length of the floor for a layup, the Irish were up 21-10 as the fans at Purcell Pavilion went wild.

And without Melo in the middle, the Irish were all over the boards with an early 13-4 advantage.

Atkins picked up his third foul with 9:04 left, but Jerian Grant's 3-pointer gave the Irish a two-touchdown lead at 28-14.

The Orange missed 14 of their first 19 field-goal attempts and nothing was falling. Tom Knight's left-handed shot in the lane doubled the score, putting the Irish up 32-16.

Alex Dragicevich's 3-pointer as the shot clock was running down put the Irish up 35-18 with 1:12 left in the half. Dion Waiters then responded with a pair of quick 3-pointers to get the Orange to within 12 at the end of a frustrating first half.

The 23 points represented the Orange's lowest-scoring half of the season.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20120122/ap_on_sp_co_ga_su/bkc_t25_syracuse_notre_dame

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Tue, 24 Jan 2012 00:12:47 -0800 Canadian man gets 18 years for credit fraud http://lainyc.posterous.com/canadian-man-gets-18-years-for-credit-fraud http://lainyc.posterous.com/canadian-man-gets-18-years-for-credit-fraud

(AP) ? He was unemployed and receiving welfare, but Adekunle Adetiloye was somehow still living lavishly, complete with a Range Rover vehicle, extended trips to England and an expensive condominium.

That alone piqued authorities' interest, but then there were two credit cards tucked away in his wallet that seemed to confirm suspicions that the Canadian man was up to something nefarious. The pieces of plastic each bore different names ? Donald Douglas and Vincent Andriole ? and helped authorities prosecute a case they describe as one of the largest high-tech bank robberies in U.S. history.

"Characterizing this fraud scheme as massive, if anything, is an understatement," Assistant U.S. Attorney Nick Chase from North Dakota said in court documents.

Adetiloye, 30, was sentenced Monday to nearly 18 years in prison on fraud charges. He was convicted of mail fraud, but authorities believe he masterminded a scheme to open nearly 600 fraudulent bank accounts and bilk 22 major banks out of hundreds of thousands of dollars.

Federal prosecutor Nick Chase said during the sentencing hearing in North Dakota that Adetiloye had an "insatiable hunger for other people's money."

U.S. District Judge Ralph Erickson handed down a 214-month prison term and scheduled a Feb. 15 hearing to discuss returning the nearly $1.5 million in losses to credit card companies and banks.

Defense attorney Richard Henderson had asked for a sentence of fewer than 16 years. Henderson said any prison time for his client, a native of Nigeria, is more difficult than it would be for American citizens because he has no family in the United States.

Ahead of the sentencing, lawyers on both sides declined requests from The Associated Press to comment.

But investigators' efforts to deconstruct the multifarious case are laid out in the nearly 12,000 pages of court documents filed by lawyers in federal court.

Greg Krier, lead credit card fraud investigator for U.S. Bank, testified that it was the most complex case he had ever seen. His company, which has its own fraud unit, launched special training sessions focusing on the case in hopes of catching the culprits.

The case wound up in North Dakota after U.S. Bank's customer service center in Fargo intercepted calls by Adetiloye and others. The complexity of the scheme, which took five years to investigate and litigate, was highlighted in a sentencing phase that has lasted nearly a year and included numerous hearings and briefings.

The lead investigator, one of 25 people who worked on the case, put in 2,000 hours, authorities said.

Defense attorneys had argued that their client, the only person charged in the case, was a "marginal and minimal participant" whose role was to handle mail and withdraw money from ATMs. The government and the judge have said otherwise.

Investigators said the operation accessed information of nearly 16,000 people, about 500 of whom had their identities stolen for the purpose of obtaining credit cards. It's alleged that more than 100 commercial mailboxes were opened under false or stolen identities.

The government said Adetiloye went so far as to mask his handwriting after a judge ordered a test of his calligraphy

Erickson, the federal judge, said in court documents ahead of the sentencing that the evidence "indisputably demonstrates" that Adetiloye was a leader or organizer of the scheme. The judge has calculated losses to banks at about $1.5 million, but said it could have been as high as $5 million if credit limits had been maxed out.

The trauma cannot be measured, Erickson said.

"The non-monetary harm to the victims was substantial," the judge wrote. "They lost sleep, they lost time with their families, they lost time at work, and they lost their sense of security. Some victims spent hours trying to reclaim their credit record and their identities."

Court documents show that U.S. Bank suffered the most number of tainted accounts, at 130, for a total loss of about $76,000. The companies alleged to have lost the most money were Citibank, at about $271,000, and Discover, at about $248,000.

Brett Bogan, the security investigations manager at Reed Elsevier, the parent company of LexisNexis and ChoicePoint, told the court that data breaches of this type are extremely rare and knew of only one other case like it. He said the company sent out notices to more than 32,000 people whose personal information was compromised by the scheme.

"With their combined extensive and nationwide perspective, those entities place this fraud scheme at or near the top of their historical lists in terms of size and complexity," Chase said in court documents.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2012-01-23-Credit%20Card%20Fraud/id-4af87ec3bcae4d1ea695780768e2e246

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Mon, 23 Jan 2012 11:08:16 -0800 Overnight Video: Yosemite HD (Little green footballs) http://lainyc.posterous.com/overnight-video-yosemite-hd-little-green-foot http://lainyc.posterous.com/overnight-video-yosemite-hd-little-green-foot
Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories Stories, RSS and RSS Feed via Feedzilla.

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Sun, 22 Jan 2012 22:06:14 -0800 Top Iraqi Shiite cleric urges end to crisis (AP) http://lainyc.posterous.com/top-iraqi-shiite-cleric-urges-end-to-crisis-a http://lainyc.posterous.com/top-iraqi-shiite-cleric-urges-end-to-crisis-a

BAGHDAD ? Iraqi authorities detained a senior Sunni official on terrorism charges Friday, even as an aide to the country's most prominent Shiite cleric urged politicians on both sides of the sectarian divide to end an escalating political crisis.

The political battle erupted last month after the Shiite-led government issued an arrest warrant against the Sunni vice president, Tareq al-Hashemi, on terrorism charges, sending him into virtual exile to the Kurdish autonomous region in northern Iraq. In protest, al-Hashemi's Sunni-backed Iraqiya bloc has been boycotting parliament and Cabinet sessions, bringing government work to a standstill.

On Friday, security forces took Ghdban al-Khazraji, the deputy governor of Diyala province, into custody, said Iraqiya lawmaker Hamid al-Mutlaq. A police official in the predominantly Sunni province north of Baghdad said al-Khazraji was detained on terrorism charges. The official spoke on condition of anonymity because he was not authorized to brief the media.

Al-Mutlaq said al-Khazraji's arrest is an escalation of what he said is a campaign by Prime Minister Nouri al-Maliki, a Shiite, against the Sunni minority and part of al-Maliki's efforts to cement his grip on power.

"It will add more complications to the political process," al-Mutlaq said.

Another Iraqiya lawmaker, Raad al-Dahlaki, told The Associated Press that security forces also raided the house of Diyala's second deputy governor, Talal al-Jubouri. He was not at home when Iraqi anti-terrorism troops stormed his house Friday, al-Dahlaki said.

The political troubles coincide with a wave of bombing attacks, most of them targeting Shiites, killing more than 160 people this year. The twin crises have raised fears of a reprise of a conflict five years ago, when heavily armed Shiite and Sunni militias battled each other and brought the nation to the brink of civil war.

The growing tensions prompted Grand Ayatollah Ali al-Sistani, who is revered by Iraqi's Shiite majority, to urge both sides to find a solution to the crisis.

Al-Sistani's aide, Ahmed al-Safi, said during a Friday sermon in the holy city of Karbala that after years of conflict, Iraq "cannot bear further tensions among politicians."

Al-Sistani normally exerts his influence through sermons and statements made by his aides.

On Wednesday, Iraqiya's leader Ayad Allawi accused al-Maliki of unfairly targeting Sunni officials and deliberately triggering a political crisis that is tearing Iraq apart. Allawi, who is a Shiite, said Iraq needs a new prime minister or new elections to the country from disintegrating along sectarian lines.

Source: http://us.rd.yahoo.com/dailynews/rss/iraq/*http%3A//news.yahoo.com/s/ap/20120120/ap_on_re_mi_ea/ml_iraq

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Sun, 22 Jan 2012 09:08:17 -0800 RedPad: Android tablet for Chinese politicians that costs twice as much as the iPad (Yahoo! News) http://lainyc.posterous.com/redpad-android-tablet-for-chinese-politicians http://lainyc.posterous.com/redpad-android-tablet-for-chinese-politicians

An Android tablet designed for Chinese officials without special features inexplicably costs $1,600

Would you buy a $1,600?Android tablet that doesn't have any special features compared to other slates half its price? A relatively unknown Chinese manufacturer seems to think people would, and released a tablet called the RedPad ? a?Honeycomb device specifically meant for?China's government officials, that costs almost two grand.

The 9.7" RedPad?is a pretty standard Android?tablet fare, with 1GB of RAM, and 16GB of storage, which is usually the lowest capacity found in mid-range slates. For $2,000, you'd think buyers will get a top-of-the-line device or at least a few extras. But the only bonus they will get is a rather shoddy looking leather case, and an inscription of China's "Serve the People" slogan at the back of the tablet. The total cost for manufacturing each device is $480, so why it's priced at $1,600 is beyond us. An?interview with the company spokesperson, Xianri Liu, reveals RedPad's somewhat twisted reasoning for that price point: the company believes people think expensive things are good. Therefore, RedPad must be good.

He also argues that RedPad comes with a bunch of apps including tablet versions of periodicals, and a state-sanctioned Chinese version of?Twitter. Installing those kinds of apps on the?iPad, he says, will cost as much as $1,600 in a year. A device of that price point targeted toward?politicians will almost certainly cause a stir not only within China, but all over the internet.

Liu says the company plans to release RedPad to market, and compete with?Apple's iPad?? a feat that will be extremely hard to accomplish when the tablet costs that much.

[via?Penn Olson,?The Verge]

(Source)

This article was written by Mariella Moon and originally appeared on Tecca

More from Tecca:

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/yblog_technews/20120120/tc_yblog_technews/redpad-android-tablet-for-chinese-politicians-that-costs-twice-as-much-as-the-ipad

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Sat, 21 Jan 2012 20:10:16 -0800 NW storm cuts power, thousands try to stay warm (AP) http://lainyc.posterous.com/nw-storm-cuts-power-thousands-try-to-stay-war http://lainyc.posterous.com/nw-storm-cuts-power-thousands-try-to-stay-war

SEATTLE ? Tens of thousands of Pacific Northwest residents faced the prospect of a chilly weekend after a powerful storm brought snow and ice and left a tangle of fallen trees and damaged power lines. Several Oregon counties saw their worst flooding in more than a decade.

The National Weather Service forecast more rain and winds gusting as high as 40 mph Saturday in Western Washington, a combination that could bring down even more snow-laden and ice-damaged trees.

Nearly 230,000 customers were without power late Friday night in Western Washington, about 220,000 of them Puget Sound Energy customers.

The utility has brought in repair crews from across the West and planned to field more than 800 linemen on Saturday, in addition to tree-trimming crews, spokesman Roger Thompson said.

"The wind is a wild card that could set us back," he said, adding PSE hoped to have the majority of the outages restored by Sunday, although some customers will probably be without power into early next week.

The Weather Service predicted weekend lows in the mid-30s.

Several warming shelters have been opened in the area to aid people whose homes are without heat.

Despite warnings from emergency officials, the first cases of possible carbon monoxide poisoning surfaced Friday night. Two families in the Seattle suburb of Kent were taken to hospitals after suffering separate cases of possible poisoning. Both had been using charcoal barbecues indoors for heat.

The storm was already blamed for three deaths. A mother and her 1-year-old son died after torrential rain on Wednesday swept away a car from an Albany, Ore., grocery store parking lot. An elderly man was fatally injured Thursday by a falling tree as he was backing an all-terrain vehicle out of a backyard shed near Seattle.

On Washington's Mount Rainier, a blizzard kept rescuers from searching Friday for two campers and two climbers missing since early this week. Just east of that region, about 200 skiers and workers were able to leave the Crystal Mountain ski resort after transportation officials reopened the area's main highway, closed two days earlier by fallen trees.

Near Tacoma, three people escaped unharmed Friday when a heavy snow and ice load on the roof of an Allied Ice plant caused the building to collapse. West Pierce Fire and Rescue Battalion Chief Hallie McCurdy said they heard loud noises and got out just in time.

As floodwaters receded, residents of Oregon's Willamette Valley began taking stock of damage in soaked cities.

Oregon Gov. John Kitzhaber paid a visit Friday to the hard-hit town of Turner, where 100 homes were damaged or still underwater.

Friday's mainly dry streets belied a morning of terror barely 24 hours earlier, when emergency crews conducted 55 boat rescues as water filled streets, homes and businesses.

"You just watch the water rise hour by hour, and there's nothing you can do about it," Mayor Paul Thomas said. "It's a long, slower sort of torture."

Kitzhaber said the state would work with local and federal officials to try and get disaster funding to Turner and other communities hard-hit by flooding.

The governor praised residents' strong sense of community as neighbors helped each other.

Nancy Ko saw that spirit first-hand. From the safety of higher ground, she watched a live feed from a security camera as water rose over the curb and lapped against the front door of the convenience store and cafe she owns just feet from Mill Creek.

Out of the blue, five strangers showed up and plopped sandbags in front of the door, preventing damage that she believes would have otherwise been far more severe.

"Just a godsend," said Ko, a Korean immigrant who has owned the store for six years. "Good person, amazing persons."

Elsewhere in the Willamette Valley, a 35-year-old woman who drove a Ford Mustang into 4 feet of floodwater was plucked from the roof Friday by deputies who arrived by boat to save her. It was one of a number of dramatic rescues in western Oregon, left sodden by as much as 10 inches of rain in a day and a half that has brought region's worst flooding in 15 years.

Interstate 5, the main road connecting Seattle and Portland, was briefly closed near Centralia so crews could remove fallen power lines.

Much of Washington's capital, Olympia, was without power.

Gov. Chris Gregoire's office, legislative buildings and other state agencies in Olympia lost electricity for several hours before power was restored. The governor thanked repair crews late Friday by hand-delivering peanut butter cookies.

The storm was "a constant reminder of who's in charge. Mother Nature is in charge, she gives us a wake-up call every once in a while, this is one of those," Gregoire said.

It was still snowing in the Cascades, with up to 2 feet possible in the mountains over the weekend.

At Sea-Tac Airport in Seattle, airlines were trying to accommodate passengers whose flights were canceled Thursday. The airport's largest carrier, Alaska Airlines, canceled 50 of its 120 daily departures Friday. On Thursday, Alaska and sister airline Horizon canceled 310 flights to and from Seattle, affecting 29,000 passengers.

In Seattle, Carly Nelson was negotiating an icy sidewalk on her way to Starbucks. Nelson has been frequenting her neighborhood coffee shop to avoid cabin fever.

"I'm pretty tired of it. It gets old pretty fast. All my friends are stranded in little pockets and you can't get together to go to yoga," she said. "I'm just looking forward to being able to go wherever I want to go."

___

Cooper reported from Oregon. Associated Press writers Doug Esser, Ted Warren, Rachel La Corte, Nigel Duara and Nicholas K. Geranios contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/weather/*http%3A//news.yahoo.com/s/ap/20120121/ap_on_re_us/us_northwest_storm

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Sat, 21 Jan 2012 07:20:15 -0800 VOTE! What Do You Think of Dakota Fanning's Pink Hair? http://lainyc.posterous.com/vote-what-do-you-think-of-dakota-fannings-pin http://lainyc.posterous.com/vote-what-do-you-think-of-dakota-fannings-pin

The actress shows off her edgy new dye job! Check out more star tress-formations and tell us what you think!

Source: http://www.ivillage.com/celebrity-hair-transformations/1-b-364776?dst=iv%3AiVillage%3Acelebrity-hair-transformations-364776

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Fri, 20 Jan 2012 18:28:42 -0800 Supreme Court rules public domain isn't permanent, says Congress can re-copyright some international works (update) http://lainyc.posterous.com/supreme-court-rules-public-domain-isnt-perman http://lainyc.posterous.com/supreme-court-rules-public-domain-isnt-perman Intellectual PropertyIf you've been enjoying the fireworks over PIPA and SOPA these past weeks, get ready for more intellectual property ugliness. The US Supreme Court handed down a decision in Golan v. Holder Wednesday granting Congress the power to restore copyright claims on works that had entered the public domain. The six to two decision (with only the conservative Samuel Alito and liberal Stephen Breyer dissenting) was issued primarily with an eye towards bringing the country in line with an international treaty known as the Berne Convention. The plaintiffs in the case included orchestra conductors, educators, performers and archivists who rely on public domain works such as Fritz Lang's Metropolis and compositions from Igor Stravinsky. Many orchestras, including that of lead plaintiff Lawrence Golan, will now be forced to stop performing works that are a regular part of their repertoire due to licensing fees. Hit up the more coverage link for the complete (PDF) decision.

Update: To be clear, this decision upheld a statute granting copyright protection to a bundle of international works that were placed in the public domain (and therefore denied copyright protection) under previous US laws.

Supreme Court rules public domain isn't permanent, says Congress can re-copyright some international works (update) originally appeared on Engadget on Fri, 20 Jan 2012 07:50:00 EDT. Please see our terms for use of feeds.

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Fri, 20 Jan 2012 05:42:23 -0800 Ohio Muslim inmates settle meal preparation suit http://lainyc.posterous.com/ohio-muslim-inmates-settle-meal-preparation-s http://lainyc.posterous.com/ohio-muslim-inmates-settle-meal-preparation-s [unable to retrieve full-text content]COLUMBUS, Ohio (AP) ? A Muslim death row inmate has settled a lawsuit that accused the Ohio prison system of denying him meals prepared according to Islamic law while providing kosher meals to Jewish prisoners.

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-01-19-Muslim%20Inmates-Meals/id-70a67947c91747e895334c71991142a6

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Thu, 19 Jan 2012 16:50:14 -0800 Country music great Haggard hospitalized with pneumonia (Reuters) http://lainyc.posterous.com/country-music-great-haggard-hospitalized-with http://lainyc.posterous.com/country-music-great-haggard-hospitalized-with

NASHVILLE, Tenn (Reuters) ? Country music great Merle Haggard has been admitted to a Georgia hospital suffering from pneumonia and postponed the rest of his concert dates in January, his spokeswoman said on Wednesday.

Haggard, 74, entered the Macon hospital on Tuesday night after he canceled a show in that Georgia city seven minutes before he was to take the stage because he was too ill to perform, said Frank Mull, his tour manager and close friend.

A member of the Country Music Hall of Fame, Haggard is best known for songs including "Mama Tried," "Okie from Muskogee" and "The Fightin' Side of Me."

Haggard had been scheduled to perform again on Wednesday night in Columbus, Georgia, but that show and the rest of the January slate will be rescheduled for April, according to Haggard's Los Angeles-based publicist Tresa Redburn.

Redburn said the singer was receiving fluids intravenously. She said she spoke with Haggard by telephone "and he sounded pretty good."

Haggard will take time off to recover and resume his tour in February, Redburn said. Haggard lives in Northern California.

The singer was unwell when he left his California home to begin the tour, but did not want to disappoint his fans, Mull said. "He thought he was well enough to work and he did work three dates, and he got progressively worse," Mull said.

With influences ranging from Lefty Frizzell to Bob Wills to Jimmie Rodgers, Haggard is an architect of country music's "Bakersfield Sound."

(Editing by Paul Thomasch and Will Dunham)

Source: http://us.rd.yahoo.com/dailynews/rss/music/*http%3A//news.yahoo.com/s/nm/20120118/music_nm/us_merlehaggard

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Thu, 19 Jan 2012 03:44:15 -0800 This Painting Is Made Using Light and Plexiglass Airplanes [Art] http://lainyc.posterous.com/this-painting-is-made-using-light-and-plexigl http://lainyc.posterous.com/this-painting-is-made-using-light-and-plexigl Sometimes, art isn't exactly what it seems. This picture, for instance, disappears completely if you switch the light off that's shining through the plexiglass airplanes hanging from the ceiling. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/3GXQIpdAsPE/this-painting-is-made-using-light-and-plexiglass-airplanes

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Wed, 18 Jan 2012 14:54:15 -0800 Kelsey Grammer & Kayte Walsh Having Twins http://lainyc.posterous.com/kelsey-grammer-kayte-walsh-having-twins http://lainyc.posterous.com/kelsey-grammer-kayte-walsh-having-twins

Kelsey Grammer & Kayte Walsh Having Twins

Kelsey Grammer revealed that he and wife Kayte Walsh are expecting twins during an interview backstage at the Golden Globes on Sunday evening. The actor [...]

Kelsey Grammer & Kayte Walsh Having Twins Stupid Celebrities Gossip Stupid Celebrities Gossip News


Source: http://feedproxy.google.com/~r/stupidcelebrities/~3/rC-nsDXzfwA/

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Wed, 18 Jan 2012 02:06:13 -0800 Jolie and Almodovar discuss future collaboration (omg!) http://lainyc.posterous.com/jolie-and-almodovar-discuss-future-collaborat http://lainyc.posterous.com/jolie-and-almodovar-discuss-future-collaborat

LOS ANGELES (AP) ? Don't be stunned to see a future collaboration between superstar American actress ? and now director ? Angelina Jolie and revered Spanish director Pedro Almodovar.

The two were among attendees at the annual Golden Globes foreign-language seminar on Saturday at the Egyptian Theatre in Hollywood, where directors nominated in the category discussed this year's competition.

The entries include Jolie's "In the Land of Blood and Honey," about family strife and abuse of women in Bosnia, and Almodovar's psycho-thriller "The Skin I Live In."

Unlike other celebrities at the event, Jolie surprised reporters by showing up early, relaxed and gracious as she posed for photographers and talked about what inspired her to move behind the camera for "Blood and Honey."

At one point, Jolie half-joked to a Spanish reporter that she was angry with Almodovar because he'd yet to hire her for a role. When Almodovar was given that news by an Associated Press reporter ? within earshot of Jolie ? the actress jumped into the fray.

"I am right here," Jolie noted. "Yes, because you have never given me a job."

"Oh my God," said a flustered Almodovar. "No, no don't worry, you are joining now. Absolutely."

"So one day," Jolie responded, "when all these cameras are gone, we find a film together."

Source: http://us.rd.yahoo.com/dailynews/rss/entertainment/*http%3A//us.rd.yahoo.com/dailynews/external/omg_rss/rss_omg_en/news_jolie_almodovar_discuss_future_collaboration161852718/44186544/*http%3A//omg.yahoo.com/news/jolie-almodovar-discuss-future-collaboration-161852718.html

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Tue, 17 Jan 2012 00:28:16 -0800 France to get an almost transparent Apple Store http://lainyc.posterous.com/france-to-get-an-almost-transparent-apple-sto http://lainyc.posterous.com/france-to-get-an-almost-transparent-apple-sto Aix en Provence, France is getting a new Apple Store according to ifoAppleStore. It’ll be constructed in a way that’ll make it almost transparent. It will be modeled somewhat from

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/vOi5B7SonCY/story01.htm

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Mon, 16 Jan 2012 20:12:14 -0800 98% Le Havre http://lainyc.posterous.com/98-le-havre http://lainyc.posterous.com/98-le-havre

Marcel Marx(Andre Wilms) is a shoeshine who makes a sparse living in Le Havre and has more than his share of his debts. His wife Arletty(Kati Outinen) dutifully stands by him while unbeknowst to him, she is very ill. Meanwhile, sounds are heard from a shipping container near the harbor and the police, fearing the worst, are called in. Luckily, all of the would be immigrants seem not the worse for wear. So, Idrissa(Blondin Miguel), a young boy, with a little encouragement from his grandfather makes a break for it. To his credit, Inspector Monet(Jean-Pierre Darroussin) stops a police officer from getting off a shot, allowing him to get away. Outside of the changed setting, "Le Havre" might appear to seem like a normal Aki Kaurismaki movie on the surface, as it contains some of his usual touches, along with Kati Outinen in the cast. On the other hand, it is also one of his most topical movies while also one of his most optimistic, even if it is a little predictable at the end. Regardless, the movie almost feels entirely timeless, as about the only sign of present day technology is the most malicious act being carried out by a cell phone. And I think what Kaurismaki is getting at is that in the past people did not act out of fear and were actually much kinder towards each other. So, my question is do Marcel's neighbors act differently towards him when Idrissa comes into his life or is it because his wife falls ill? Or are the events connected even if they do not at first appear to be so?

November 27, 2011

Source: http://www.rottentomatoes.com/m/le_havre_2011/

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Sun, 15 Jan 2012 14:12:13 -0800 Is Mitt Romney's Europe-bashing well placed? http://lainyc.posterous.com/is-mitt-romneys-europe-bashing-well-placed http://lainyc.posterous.com/is-mitt-romneys-europe-bashing-well-placed

Mitt Romney called the Obama White House a reflection of the 'worst of what Europe has become' in his victory speech last night. But the austerity favored by the GOP is much in vogue in Europe.

To hear Mitt Romney?s victory speech in New Hampshire one might think he is running as much against Europe ? or some American perception of it ? as against President Obama.

Skip to next paragraph

In three withering references at the end of a fiery 10-minute speech last night, the GOP front-runner depicted ?Europe? as weak, socialist, an object of pity and, compared with the shining American model, lacking inspiration.

?I want you to remember when our White House reflected the best of who we are, not the worst of what Europe has become,? the potential next president said of his possible chief world ally.

President Obama, said Romney, ?takes his inspiration from the capitals of Europe; we look to the cities and towns across America for our inspiration.? Mr. Obama wants to ?turn America into a European-style social welfare state. We want to ensure that we remain a free and prosperous land of opportunity.?

Poor Europe! Whatever happened to China-bashing?

To be sure, Romney?s speech in Manchester seemed aimed as much at the conservative voters of South Carolina, site of the next US primary, as to voters in New Hampshire, who gave him a clear victory. A third straight win might be a knockout blow for Romney and turn the current vitriolic GOP in-fighting into a search for Romney?s vice-presidential nominee.

So ?Europe,? not New York City, may become a cultural punching bag in the southern strategy of the former governor of Massachusetts. Never mind that Romney spent two years as a Mormon missionary in France, speaks fluent French, and played the cosmopolitan host at the 2002 Winter Games in Salt Lake. He won?t need to reveal his inner Bubba on the sweet potato circuit, or explain why his Massachusetts health care reforms took on a European character, if he runs against stereotypes of the old world in old Dixie.

Here in cheese-eating Europe, among the slouching Marxist masses that throng idle cafes and welfare centers, the US presidential election has barely made a dent. Kidding aside, it is mostly European editorial writers who have followed the US race. Romney may be politically safe in bashing Europe since the continent historically favors Democrats. John F. Kennedy, Bill Clinton and Barack Obama are loved. Richard Nixon, Ronald Reagan and the recent George Bush, not as much. America may have forgotten Iraq; Europe hasn't.

Source: http://rss.csmonitor.com/~r/csmonitor/globalnews/~3/zj6k4rxh5mg/Is-Mitt-Romney-s-Europe-bashing-well-placed

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Sat, 14 Jan 2012 21:05:19 -0800 Heavy?s UFC 142 Fight Day starts at 6 p.m. ET http://lainyc.posterous.com/heavys-ufc-142-fight-day-starts-at-6-pm-et http://lainyc.posterous.com/heavys-ufc-142-fight-day-starts-at-6-pm-et

UFC 142 pre-show Fight Day Live is back this afternoon. Host Dave Farraa and Megan Olivi will guide you through the full fight card and all of the biggest news in the UFC.

Source: http://sports.yahoo.com/blogs/mma-cagewriter/heavy-ufc-142-fight-day-starts-6-p-173728511.html

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Sat, 14 Jan 2012 08:14:12 -0800 When Do Statistics And Algorithms Trump Investing Judgement? http://lainyc.posterous.com/when-do-statistics-and-algorithms-trump-inves http://lainyc.posterous.com/when-do-statistics-and-algorithms-trump-inves

We?ve reviewed?in an earlier article?Daniel Kahnemann?s Prospect Theory, his latest book quot;Thinking Fast and Slowquot; and some of the key findings of Behavioural Finance and we?ll be discussing a number of the implications for investors in?a subsequent piece?

However, in this article, we?d like to dwell in one interesting discussion in Chapter 21 of the book?- quot;Intuition vs Formulasquot;. This discusses in some detail the efficacy and value of checklists amp; algorithms in addressing some of the predictable flaws in human decision-making -users of Stockopedia PRO will already know that these kinds of tools are a key part of our feature set.?

The Efficacy of Checklists?

Kahnemann writes that a key source of inspiration for his work was the book,?Clinical vs. Statistical Prediction: A Theoretical Analysis and a Review of the Evidence?by Paul Meehl. Meehl was an American psychologist who studied the successes and failures of predictions in many different settings in the 1940s. He found overwhelming evidence that predictions based on?mechanical (formal, algorithmic) methods of data combination outperformed clinical (e.g., subjective, informal, quot;in the headquot;) methods based on expert judgement.?

A famous example confirming Meehl?s conclusion is the??Apgar score,? invented by the anesthesiologist Virginia Apgar in 1953 to guide the treatment of newborn babies. The Apgar score is a simple formula based on five vital signs that can be measured quickly:?Appearance,?Pulse,?Grimace,?Activity,Respiration.?It does better than the average doctor in deciding whether the baby needs immediate help. It is now used everywhere and saves the lives of thousands of babies.

Another amusing example of the power of statistical prediction is the Dawes formula for the durability of marriage. This formula apparently does better than the average marriage counselor in predicting whether a marriage will last.?The formula is:

?frequency of love-making minus frequency of quarrels.?

Similarly, as Andrew McAfee of the Harvard Business Review points out,?Princeton economist Orley Ashenfleter predicts Bordeaux wine quality using a simple model he developed that takes into accountwinter and harvest rainfall and growing season temperature. Although?wine critic Robert Parker has called Ashenfleter?s approach ?so absurd as to be laughablequot;, Ian Ayres notes in his great book?Supercrunchers?that?Ashenfelter was right and Parker wrong about the ?86 vintage. Interestingly,?McAfee also references a2000 paper?whichsurveyed 136 studies in which human judgment was compared to algorithmic prediction. Only eight of the studies found that people were significantly better predictors of the task at hand.

Why algorithms beat judgement

In quot;Thinking Fast amp; Slowquot;,?Kahnemann goes on to discuss the reason why experts appear to be inferior to algorithms. The main suggestion is that experts try to be clever, think outside the box, and consider complex combinations of features in making their predictions. Complexity may work in the odd case, but more often than not it just reduces validity. Kahnemann observes:

quot;Simple combinations of features are better??Several studies have shown that human decision makers are inferior to a prediction formula even when they are given the score suggested by the formula! They feel that they can overrule the formula because they have additional information about the case, but they are wrong more often than not. According to Meehl, there are few circumstances under which it is a good idea to substitute judgment for a formulaquot;.?

How applicable is this to investing??

That all leads to thoughts about the finance/investing domain. Just how applicable is this particular conclusion to the finance/investing domain??Are there reasons to think that investing is different to, say, medicine or psychology in terms of the?effectiveness of expert judgment?

The forecasting record of analysts would suggest otherwise ? but that may be a cheap shot given that analysts suffer from a well-documented conflicts of interest where ? as is often the case ? they act as investment bankers to the companies their analysts cover.

James Montier?s excellent piece ? An Ode to Quant ? discusses this question in some detail and clearly takes the view?that investing is unlikely to be different, although he notes some significant obstacles that exist for widespread acceptance of this view, i.e.?

?Firstly, the fear of technological unemployment. This is obviously an example of a self serving bias. If, say, 18 out of every 20 analysts and fund managers could be replaced by a computer, the results are unlikely to be welcomed by the industry at large. Secondly, the industry has a large dose of inertia contained within it. It is pretty inconceivable for a large fund management house to turn around and say they are scrapping most of the processes they had used for the last 20 years, in order to implement a quant model instead.

Of course, this is not to say that judgement has no place in investing at all. Changing market circumstances may invalidate a particular algorithmic strategy. Furthermore, without some degree of intuition, it would presumably not be possible to decide which set of parameters ? given a potential infinite choice ? to factor into a checklist in the first place.

Nevertheless, in the investing domain then, like many others, it seems that the implication of Meehl?s research have still not yet been fully accepted. Algorithmic/quant investing is seen as cold, clinical and brittle ? and regarded with some degree of scepticism, while the quot;informed viewquot; of an expert analyst is much more comforting. But it remains to be seen how long this view will be sustained, should evidence continue to mount of better returns from the former approach.?

What are your thoughts??

Further Reading

Source: http://www.dailymarkets.com/stock/2012/01/09/when-do-statistics-and-algorithms-trump-investing-judgement/

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Fri, 13 Jan 2012 19:22:13 -0800 CES: YouTube eyes gadgets, channels to boost viewership (Reuters) http://lainyc.posterous.com/ces-youtube-eyes-gadgets-channels-to-boost-vi http://lainyc.posterous.com/ces-youtube-eyes-gadgets-channels-to-boost-vi

LAS VEGAS (Reuters) ? YouTube is looking to increase viewership on its online video service by making the service available on an array of connected devices and by adding new content, according to a top executive for the Google Inc unit.

The next challenge for the popular service, which already has 800 million viewers a month, is to make YouTube a more central part of these viewers' lives, said Robert Kyncl, YouTube vice president in charge of content partnerships.

"What we want is for viewers is to spend more time on YouTube," Kyncl told Reuters in an interview at the Consumer Electronics Show in Las Vegas.

Kyncl, who moved from online rival Netflix a year and a half ago, comes to the consumer electronics showcase each year to check out connected devices because the more gadgets available with Internet access, the more ways consumers can watch YouTube.

"We're a huge benefactor of what consumer electronics companies are doing with their devices, which is building Internet connectivity into them," he said. "It's allowing us to get in front of more consumers."

According to Kyncl, who is due to deliver a keynote speech at the show on Thursday, YouTube already works on about 350 million devices, including tablets, phones and televisions.

On mobile phones alone, consumers look at half a billion YouTube videos every day, a viewership rate that doubled in the space of about a year. As a result Kyncl declined to predict the growth rate for 2012 except to say that it would be rapid.

"We were wrong in our projections in this past year. We were too conservative," he said. "It's not just YouTube. Its Hulu or Netflix too. Whether its mobile tablets or TV. It will continue."

Unlike Netflix, YouTube currently depends on advertising for its revenue. The company does offer an online movie rental service on a smaller scale. Kyncl was coy about whether YouTube would ever expand into paid video services.

"I'll never say never. Anything's possible," he said but added that "Right now we're looking to execute on the deals we've struck last year."

Kyncl spent 2011 forging new partnerships with content providers to expand YouTube's offerings. YouTube has also reorganized its website to offer consumers video "channels" to cater to personal interests with an aim to making the site more appealing.

"On the product side we've started to reorganize the site around channels," he said. "On the content site we started to commission more and more channels for certain genres."

Kyncl said that from about 500 content provider proposals YouTube received last year, YouTube had signed on about 100 partners, with whom it shares advertising revenue.

The executive declined to say how the new content had changed viewerhip habits so far for the website, which attracts about 3 billion views per day. YouTube says that its users upload an average of 48 hours worth of content every minute.

Asked what kind of developments he wants to see at CES, Kyncl pointed to high-speed networks based on fourth-generation (4G) wireless data technology.

"The thing I wish for is faster and faster roll out of 4G networks," he said. "Having connectivity is what people crave. I just want more and more bandwidth."

(Reporting by Sinead Carew; Editing by Matt Driskill)

Source: http://us.rd.yahoo.com/dailynews/rss/tech/*http%3A//news.yahoo.com/s/nm/20120110/wr_nm/us_ces_youtube

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