Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/181166195?client_source=feed&format=rss
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Saturday, December 31, 2011
University School beats Champagnat for Adidas title
University School 6-6 forward Maquedius Bain muscled his way for 24 points and eight rebounds to lead the school?s boys? basketball team past Miami Champagnat 65-38 for the Derrick Rose bracket championship title of the Adidas Holiday Slam at Florida Christian School on Thursday night.
?He put in a tremendous performance and had a great tournament,? Suns coach Andre Tores said of Bain. ?He was a great leader on defense for us.?
The Suns put some distance between themselves and the Lions at the end of the first quarter with an 11-2 run, forcing a number of Champagnat turnovers and capitalizing on fast-break opportunities.
A key to the Suns? early success was neutralizing Lions center Tonye Jekiri, who was held to limited production for most of the opening two quarters before scoring the final six points of the half.
Still, the Lions found themselves trailing 27-16 at halftime.
Jekiri picked up his second technical foul with five minutes remaining in the game to dampen any hopes of a Champagnat comeback.
Jekiri finished with a team-high 14 points and eight rebounds.
From there, the Suns cruised, with the Lions failing to register a point in the first four and a half minutes of the fourth quarter.
Joel Delgado
?? Adidas Holiday Slam All-Tournament Team: Imani Edwards (Southridge), Luis Miller (Westminister Christian), Nick Thorn (Archbishop McCarthy), Stacy Thomas (Gulliver), Luis Garcia (Florida Christian), Tim Debish (Treasure Coast), Stephane Beneche (Wellington), Joan Povea (Palmetto), Kyle Schelvan (Faith Christian), Eric Floyd (Sickles), Pernell Riggins (American), Jeantal Cylla (Lake Worth Christian), Maquedius Bain (University), Tonye Jekiri (Champagnat).
University 65, Champagnat 38 ? US: Ke. Phanord 7, Hewitt 2, Bain 24, Ky. Phanord 7, Battle 11, Denbow 6, Bullock 3, Barton 3, Duty-Tyson 2, Clarke 2. CHMP: Jekiri 14, Holanda 1, Labranche 4, Bootle 11, Dominguez 3, Rolle 6, Watson 10. Halftime: US 27-16. Three-pointers: Battle 2, Ky. Phanord 2. Rebounds: Jekiri 8, Bain 8. Assists: Ky. Phanord 3. Steals: Ke. Phanord 2, Ky. Phanord 2.
SAGEMONT FALLS
Despite getting the deficit within six points seven times in the second half, the Sagemont boys? basketball team lost to Cincinnati Archbishop Moeller 67-54 Thursday night in a Junior Orange Bowl Holiday Classic semifinal.
Sagemont will play Pittsburgh Mount Lebanon on Friday afternoon in the third-place game at Ronald Reagan/Doral High School gym.
Archbishop Moeller advances to face Miami Hialeah Gardens in the championship game 8 p.m.
Moeller (7-0) got off to a fast start behind four three-pointers from Ben Galemmo before the Lions (8-6) cut the deficit to four twice in the third quarter and early in the fourth.
Sagemont senior Jeff Coby carried the load for his team offensively, with a game-high 27 points and eight rebounds.
Egor Koulechov added 17 points and six rebounds.
Every time the Lions got within striking distance, Josh Davenport, who tied Galemmo with a team-high 22 points, would answer with a key basket.
J.T. WILCOX
?? Cincinnati-Archbishop Moeller 67, Sagemont 54 - SAGE (8-6): Davis 1, Kande 1, Rohlfs 2, Cooper 2, Raden 2, Kirby 2, Koulechov 17, Coby 27. CAM (7-0): Riney 3, Wrencher 4, Voss 8, Sabato 8, Davenport 22, Galemmo 22. Three-pointers: Galemmo 5.
?? Late Wednesday ? Stop-DWI Holiday Classic: St. Thomas Aquinas 66, Seton Catholic (NY) 47: Pape N?Diaye led the Raiders with 20 points in the first round of the national division of the 20th annual tournament in Binghamton, N.Y.
GIRLS? BASKETBALL
?? Jr. Orange Bowl Holiday Classic - South Broward 59, Sagemont 46 - SAGE (6-7): Black 6, Smith 10, Feig 2, Turko 9, Correa 17, Cole 2. SB: Sweeting 13, Pester 14, Spatafora 6, Harris 2, Brito 3, Mack 9, Robinson 12. Half: SB 31-20. Three-pointers: Smith 3, Sweeting 1, Pester 2, Brito 1. Rebounds: Turko, Correa 11. Steals: Black 5. Assists: Black 3.
?? Florida Prospects Holiday Tournament - Cardinal Gibbons 48, Tampa Jefferson 50 - CG (9-2): Robinson 17, D. Williams 10, Marcellus 7, Pollock 6, Lanzon 4. STA: Edward 24, Maxwell 11, Kearse 11, Woodard 4. Halftime: SA 21-13. Rebounds: Marcellus 5. Assists: Marcellus 5. Steals: D.Williams 5.
Source: http://www.miamiherald.com/2011/12/29/2566505/university-school-beats-florida.html
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Friday, December 30, 2011
Early build of CyanogenMod's 'Trebuchet' launcher available for Android 4.0.3 devices
One of the most anticipated features of CyanogenMod 9 -- the upcoming custom Android distribution based on Ice Cream Sandwich -- is its new home screen launcher, dubbed "Trebuchet". Much like CM itself, Trebuchet expands upon what's offered in stock Android with a host of new settings and features, like the ability to customize the number of home screens, and kill the persistent search bar if you want. Now, thanks to the release of an initial alpha build, early adopters can test out Trebuchet before it's rolled out in CM9 next year.
The catch is that to install the Trebuchet alpha you'll need a rooted Android 4.0.3 device, along with some command line skills. Currently the GSM Nexus S is the only phone that has 4.0.3 officially, though other devices like the Galaxy Nexus can run 4.0.3 code built from the Android Open Source Project.
The current Trebuchet alpha includes just over half of the planned feature set -- for example, extra functionality like infinite scrolling and transition effects have yet to be implemented. However, if you want a sneak peek at what's coming in CM9 in the months ahead, you can find out more over at the source link.
Source: XDA
Thanks to everyone who sent this in!
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Source: http://feedproxy.google.com/~r/androidcentral/~3/2bT0_vavPJ0/story01.htm
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Church Nativity scene with gay figures vandalized (AP)
CLAREMONT, Calif. ? Vandalism of a church's Nativity display that includes depictions of gay and lesbian couples was being investigated as a hate crime, police said.
The damage at Claremont United Methodist Church occurred late Saturday or Sunday morning.
The display's three panels feature silhouettes of three hand-holding couples ? two men, two women and a heterosexual pair. The vandal knocked over the depictions of the gay and lesbian couples but left the straight couple alone.
"It's a hate crime based on it being church property as well as the wooden box knocked over that depicted two males holding hands," Claremont police Sgt. Jason Walters told the Inland Valley Daily Bulletin.
The display created by artist church member John Zachary includes the phrase "Christ is born" and a Star of Bethlehem but no traditional manger figures. For the past six years, Zachary has designed and built a scene on the church's front lawn. The scene has had controversial themes before, but this was the first about gay couples, the Daily Bulletin said.
Zachary said the artwork suffered at least $3,000 worth of damage. The exhibit had three panels that weighed 600 pounds each.
The Rev. Dan Lewis said he was saddened by the incident.
"We have members of our church who are gay and lesbian who it sends a very personal message to," said Lewis, who learned of the vandalism on Christmas Day. "I tried to say in worship on Sunday morning that we will not let it trouble us."
Ed Kania, 60, an openly gay member of the church, called the act of vandalism disappointing, especially because Claremont is a generally seen as a progressive college town.
"It's a reminder that although there are pockets of acceptance, not everybody is accepting," he told the Los Angeles Times. "We're all kind of disappointed, but we're using it as a rallying point."
___
Information from: Inland Valley Daily Bulletin, http://www.dailybulletin.com
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peHUB ? Nomura Becomes First Japan Firm Investing in China PE
Thoma Bravo has agreed to buy Telestream, a Nevada City, Calif.-based provider of video transcoding and digital media software solutions. Financial terms weren?t announced. The deal is expected to close in January.
PRESS RELEASE
Telestream?, the leading provider of video transcoding and digital media software solutions, today announced that leading private equity investment firm Thoma Bravo, LLC has entered into a definitive agreement to purchase Telestream, Inc. The transaction will facilitate further growth of Telestream?s core businesses in addition to providing additional capital for further market expansion and acquisition.
?This acquisition recognizes Telestream?s history of market leadership, double-digit growth and profitability,? said Dan...
Source: http://www.pehub.com/130132/nomura-becomes-first-japan-firm-investing-in-china-pe/
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Thursday, December 29, 2011
Hawaii ranked tops for energy investment savings
Hawaii usually ranks near the top when it comes to ?quality of life? or even ?healthiest? in the U.S.
Now the state has one more top ranking to add to its list.
Per capita, Hawaii is No. 1 for investment in energy savings performance contracting for public buildings, according to the Energy Services Coalition, a national nonprofit network working at the state and local level to increase energy efficiency through building upgrades.
The Energy Services Coalition uses guaranteed future energy and water utility bill savings to pay for the up-front capital costs of facility improvements.
In Hawaii, where overall conservation investment exceeds $150 million, the State Energy Office has been providing technical assistance on performance contracting to state agencies and the counties, upon request, since 1996.
From 1996 to 2008, Energy Savings Performance Contracting projects by the state?s executive branch, University of Hawaii Hilo, state Judiciary, local hospitals, City and County of Honolulu and the counties of Hawaii and Kauai, totaled a little more than $68 million.
In 2009, an additional investment exceeding $33 million for the first phase of a state Department of Accounting and General Services project brought the total for Hawaii to about $100 million.
This year, the state Department of Public Safety and the University of Hawaii Community Colleges initiated projects of $25.5 million and $32.8 million, respectively, bringing the total investment to nearly $160 million or $117 million per capita.
And more projects are on the way.
The state is moving forward to increase the efficiency of 28 more buildings, while the Hawaii Public Housing Authority is finalizing agreements for a 789-building project and the state Department of Transportation is revamping 15 airports, five harbors and highways facilities across the state.
?We are growing a sustainable economy and transforming government through performance contracting and by mobilizing and leveraging investment in high-impact energy efficiency projects for public and private buildings,? State Energy Office Administrator Mark Glick said in a statement.
Duane Shimogawa covers energy, real estate and economic development for Pacific Business News.
Source: http://feedproxy.google.com/~r/vertical_18/~3/XQWoUI4MIdQ/hawaii-ranked-tops-for-energy.html
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Wednesday, December 28, 2011
European Union Close to Deal for $40.5 Million Manhattan Lease
December 26, 2011, 7:57 PM EST
By David M. Levitt
Dec. 23 (Bloomberg) -- The European Union is negotiating a $40.5 million lease in midtown Manhattan to replace office space it must vacate by late July.
The Brussels-based alliance is close to an agreement for its United Nations delegation to take about 45,000 square feet (4,200 square meters) at 666 Third Ave., known as the Chrysler East tower, said Christopher Matthews, an EU spokesman. The 32- story property and its neighbor, the iconic Chrysler Building, are controlled by Tishman Speyer Properties LP.
The EU seeks to complete the deal so it can move from its current home, two blocks away at 222 E. 41st St., before it has to pay holdover fees, according to two people with knowledge of the plans. Those costs could be substantial, said the people, who asked not to be named because the talks are private.
The fees are ?certainly a consideration? in the lease negotiations, said Matthews, who is based in New York. ?We need to be out of here by the end of July, and that depends on the readiness of the new space. It?s all part of the deal.?
The EU would avoid the charges if it or Tishman absorbed the cost of paying overtime to construction workers to expedite the needed renovations, one of the people said.
Bud Perrone, a spokesman for New York-based Tishman, declined to comment.
Under lease terms, which are still being negotiated, the EU would pay about $60 a square foot annually for 15 years, with an option for an additional five years, Matthews said. That would be a commitment of at least $40.5 million, or 31 million euros, the currency the organization seeks to stabilize as it grapples with its sovereign-debt crisis.
Rent About Same
The rent would be about the same on a per-square-foot basis as the rate for the EU?s current 41,000-square-foot office at 222 E. 41st St., a 25-story tower between Second and Third avenues, according to Matthews.
Both buildings are within walking distance of the UN headquarters, at the East River end of 42nd Street. The EU has permanent observer status at the international body.
The offices need to accommodate about 60 people, and ample conference space is a priority, especially during the UN?s ?ministerial week in September, when we get a huge flood of visitors and VIPs from Brussels,? Matthews said.
?We have 27, soon to be 28, member states that come and meet at this location,? he said. ?This is, if you will, the rallying point where EU coordination takes place, so it has to be somewhere central.?
The New York Observer reported earlier this week that the EU is in talks for space at 666 Third Ave.
Expiring Lease
The EU was notified in the first quarter that its current landlord, Wells Real Estate Investment Trust II Inc. of Atlanta, wasn?t going to renew its lease, which expires in July. The building?s largest tenant, the international law firm Jones Day, is expanding into that space, according to one of the people with knowledge of the EU?s lease negotiations.
Terrell McCollum, a Wells spokesman, declined to comment. David Petrou, a Jones Day spokesman, didn?t immediately return phone and e-mail messages seeking comment. Beth Atkinson, a spokeswoman for New York-based Studley, said she would have to check with executives there before commenting.
The EU also looked at offices at 757 Third Ave., a 27-story property near East 47th Street, and 885 Second Ave., a 50-story tower a block west of the UN that?s also known as 1 Dag Hammarskjold Plaza, among other locations, Matthews said.
The EU?s rent would be lower at 757 Third Ave., according to Mitchell Konsker, a broker with Jones Lang LaSalle Inc. who represents the building?s owner, RFR Holding LLC. The asking rate at the tower is $55 to $59 a square foot and ?a couple hundred thousand? square feet are available, Konsker said.
Cost isn?t the EU?s only consideration, Matthews said, citing security as another priority. The organization is concerned that any move may complicate its mission, he said.
?There could be some disruption if things don?t go well,? he said. ?It?s a busy time, and we?re doing all we can to avoid that.?
--With assistance from Flavia Krause-Jackson in United Nations. Editors: Christine Maurus, Daniel Taub
To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net
To contact the editor responsible for this story: Daniel Taub at dtaub@bloomberg.net
Source: http://c.moreover.com/click/here.pl?r5665982629
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Blame Arctic fridge for mild winter so far
CHICAGO?? If your Christmas had everything ? holiday lights, a visit from Santa, a family meal ? what likely went missing was snow.
So far this winter, the northern US? from New England to the Dakotas ? has mostly eluded snow and sub-freezing temperatures. In cities that were digging out of storms at this time last year, temperatures have been almost double the average.
Examples on Monday: It was 52 degrees F in Minnesota's Twin Cities, 27 degrees above average. In Chicago, temperatures reached 45 degrees, making it the 16th day this month that temperatures exceeded 40 degrees. Fewer than 2 inches of snow have fallen in Chicago so far this season, according to the WGN Weather Center here.
The story is the same in the east. Slammed with a blizzard, New York City was grappling with more than 20 inches of snow by this time last year. No flakes have fallen this season to date. If none is recorded in Central Park by New Year?s Eve, it will be only the third year in 140 years of recorded weather history that the city hasn?t seen snow in December.
Although the National Climatic Data Center does not yet have total results for December, it reports that 13 states in the Northeast and the upper Midwest recorded a top-10 warmest November and none had a top-10 coldest November. The month was the 25th warmest in the center's 117 years of recordkeeping.
However, snowbirds who now see no reason to fly needn?t give up their plane tickets to Florida yet, says Alan Reppert, a senior meteorologist with AccuWeather in State College, Pa.
"It still is early in the winter season. We still have several months to get snowfall," Mr. Reppert says.
AccuWeather meteorologist Josh Nagelberg, a colleague of Reppert, had predicted back in October that the Midwest and Great Lakes region would be, starting in December, experiencing the harshest winter in recent memory, due to record-breaking snowfall averages and blasts of Arctic air. Mr. Nagelberg emphasized his forecast with a doomsday quote that went viral for days: "People in Chicago are going to want to move after this winter."
Accuweather?s Reppert could not explain why the prediction has so missed the mark, at least so far. For the year overall, warmer temperatures resulted in heavier rainfall ? 2011 is expected to be the wettest on record in Chicago, for example, he says. "If any of those storms fell as snow, it would have been pretty well close to a normal December in those areas," he says.
One reason for the unpredictability in gauging winter weather is the Arctic Oscillation, an atmospheric pattern of the northern latitudes that is difficult to predict more than two weeks in advance, says Angela Fritz, an atmospheric scientist with the Weather Underground, a media outlet located in San Francisco that specializes in long-range forecasting.
Winter conditions in the upper tier of US states are often determined by the strengthening of pressure systems around the Arctic. When pressure systems are weak, cold air that is normally trapped flows southward, resulting in extreme winter conditions for the US and Western Europe, says Ms. Fritz.
-
More US news from the Christian Science Monitor
While that was the case for the past two winters, Arctic high-pressure systems this year are "allowing the cold air to get trapped up north," says Fritz. "Last year, the refrigerator door was left open. This year, the refrigerator door was left closed."
Story: Factbox: Will 2012 top 2011 for record weather disasters?Due to the unpredictability of the system, meteorologists know only that the milder temperatures will continue through mid-January. But even without the colder air, snowflakes are possible.
"The Arctic Oscillation doesn?t mean we won?t get snow. It means, in the grand scheme of things, we won?t get an extreme winter like we did in 2010 and 2011," Fritz says.
This report,"Where's the white stuff," was first published in the Christian Science Monitor.
? 2011 The Christian Science Monitor
Source: http://www.msnbc.msn.com/id/45799486/ns/us_news-christian_science_monitor/
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Tuesday, December 27, 2011
U.S. adds surveillance drone on Mexico border (Reuters)
SIERRA VISTA, Ariz, Dec 27 ? U.S. authorities took possession of an additional high-tech surveillance drone on Tuesday to overfly the rugged Arizona borderlands to look for drug smugglers and illegal immigrants crossing from Mexico.
The Predator-B drone is based at the National Air Security Operations Center in Sierra Vista, a few miles north of the Mexico border in southeast Arizona, the U.S. Customs and Border Protection agency said.
The addition brings CBP's fleet of surveillance drones along the nearly 2,000-mile southwest border with Mexico to six. Four are based at the Arizona center, and two more overfly the border from Corpus Christi, Texas.
"The missions from these two centers will allow CBP to deploy its unmanned aircraft from the eastern tip of California across the common Mexican land borders of Arizona, New Mexico, and Texas," CBP said in a statement.
The unmanned aircraft are equipped with tools including powerful day and night vision cameras which enable operators to spot incursions by drug traffickers and illegal immigrants slipping over the border from Mexico.
The surveillance operations under the program have led to the seizure of around 46,600 pounds of illicit drugs and 7,500 arrests along the southwest border.
This past year, arrests of illegal immigrants crossing north over the southwest border dropped to 327,577, their lowest level since 1972 when President Richard Nixon was in the White House.
Factors in the stark decline have included tightened border and workplace enforcement, a slowed U.S. economy providing fewer jobs to undocumented workers, and increased drug cartel-related violence in Mexico making the journey north more hazardous, according to analysts.
The arrival of the Predator-B marks the second of two unmanned aircraft earmarked in supplemental budget provisions identified in August 2010.
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India tour of Australia 2011 Fixtures,Tour and Time Table
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Source: http://www.nowpublic.com/sports/india-tour-australia-2011-fixtures-tour-and-time-table-0
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Monday, December 26, 2011
Soap Dish: Soaps Celebrate The Holidays
Merry Christmas soap fans, it is Soap Dish time again and this week I am dishing about how soaps celebrate the holidays. I love this time of year for so many reasons and one of them is I love the way soap operas celebrate the holidays, especially Days of Our Lives. Seriously one of my must see episodes of DOOL is the one where the Horton family and their extended families gather to put the infamous ornaments on the tree. It makes me get into the holiday spirit the second I watch it. In fact I have always wanted to copy that tradition and do it with my own family, I swear I am going to do it next year. One of my other favorite things about how soap operas celebrate the holidays is that there tends to be a Christmas Eve wedding. This year it was Dante and Lulu on General Hospital and was suppose to be Kevin and Chloe on The Young and The Restless. Bo & Hope on DOOL got hitched on Christmas Eve once as well. The reason I like it is because in theory getting married on Christmas Eve is a fabulous idea in reality [...]
Source: http://feedproxy.google.com/~r/RightCelebrity/~3/RjA_BSsHzu0/
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Getmedownunder: 35000 jobs in Australia to go to overseas workers http://t.co/1C8qdaBG #Australia_News #Jobs #Migration_News #Travel
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35000 jobs in Australia to go to overseas workers is.gd/iqEYU4 #Australia_News #Jobs #Migration_News #Travel 
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Sunday, December 25, 2011
Florida Man Tortured and Pepper-Sprayed to Death by Police
It has been two and half years since 62-year old Nick Christie was tortured and pepper-sprayed to death by police at the Lee County Jail. Although the medical examiner ruled his death a homicide, the law enforcement officers who kept him strapped naked to a chair and then pepper sprayed him until he died have not been charged in his death.
On January 20, 2010, the Injury Board?s National News Desk reported that Nick Christie?s wife, Joyce Christie, and her son, were planning to file a federal lawsuit because the police violated her husband?s constitutional rights. The article describes what allegedly happened when Christie was arrested for trespassing:
Christie, 62, was arrested last March after traveling from Ohio to Fort Myers while suffering, what his widow describes as a mental breakdown. Arrested twice for disorderly conduct and trespassing, Nick Christie was pepper sprayed ten times over the course of his 43-hour custody.
Suffering from emphysema, COPD, back and heart problems, the jail staff said his medical files were not available or immediately sought at the time of his arrest. But DiCello says Christie gave his medical history and list of medications to the jail days earlier during his first encounter with law enforcement.
His medication list was found in the back pocket of his pants when Christie?s personal effects were returned to his widow.
Sometime between the time he was arrested on March 27, 2009 around 2:00 p.m., and March 31 at1:23 p.m. when he was pronounced dead, Christie had been sprayed with ten blasts of pepper spray, also known as OC (Oleo-resin Capsicum), which is a derivative of cayenne pepper.
The officers involved in the incident say that Christie was ?combative, despite the fact he was restrained in a chair so he allegedly wouldn?t spit at his jailers.? However, other inmates on the cell block tell a different story. They say that there was excessive use of pepper spray, his whole head was turning purple, he was gasping for air and was telling the officers that he couldn?t breathe and that he had a heart condition. (source: Injury Board)
According to the medical examiner, the death was a homicide caused by the stress that the restraints and repeated use of pepper spray placed on his heart. However, the State Attorney?s office decided there was no wrongdoing, therefore the officers involved in the incident were never charged in the homicide. In a memo issued on January 5, 2010 that is lacking in any detail, Assistant State Attorney Dean R. Plattner wrote:
The evidence presented in this case does not legally prove beyond a reasonable doubt that any individual or group of jail personnel had any intent to kill Nicholas Christie, or otherwise committed an act of murder. Even considering the lowest level of criminal homicide, manslaughter, the evidence does not prove that such criminal offense was committed.
According to Joyce Christie?s attorney, Nick DiCello, it is shocking that the state attorney came to this conclusion. Even if they thought there was probable cause that there was a crime, the case could have gone forward.
Now, Fox News has obtained a photo of the incident, which ?shows the Ohio man restrained inside the Lee County Jail with his body covered in pepper spray.? Di Cello explains that the ?photo is a picture of a man who is strapped to a chair naked inside a jail for hours with a hood over his face. That evokes thoughts of being tortured.?
DiCello told the Injury News Board:
Humanity has failed here. And now they aren?t going to address the failure. Us as a people, we need to recognize we?ve all failed and make it right, not ?Let?s just move on from this failure.? People shouldn?t do this to people. Nothing could warrant the treatment and death this guy experienced.
A 62-yr-old retiree strapped to a chair and died. I don?t get it.
The wrongful death lawsuit is scheduled for the middle of 2012.
Related Stories
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Crowd of Over 50 Teens Overrun Police in Attempt to Assault Victim at Home
Bahrain Activist Arrested, Dragged to Police Van (Video)
Source: http://www.care2.com/causes/florida-man-tortured-and-pepper-sprayed-to-death-by-police.html
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RudyMezzy: Ok, fellow Hebrews. What else is open today besides movies and chinese food?
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Ok, fellow Hebrews. What else is open today besides movies and chinese food? 
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Electric Skates for Sci-Fi Roller Diners
They might not be as temptingly dangerous as the 20mph gas-powered skates which were seized by British customs back in the summer of 2007, but Peter Treadway’s spnKiX more than make up for their lack of speed with their devil-may-care attitude to vowels and capital letters.
The spnKiX are rather dully described as “wearable mobility,” but [...]
The spnKiX are rather dully described as “wearable mobility,” but [...]
Source: http://feedproxy.google.com/~r/GearFactor/~3/41KctUDOkBo/
Saturday, December 24, 2011
Police in Rogers Park are helping our troops this holiday season. They've teamed...
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Source: http://www.facebook.com/nbcchicago/posts/208129835938559
Malicious Android app sneaks past permissions
Researchers have built an Android app that sails right past the smartphone software's permissions protocol and could enable a hacker to install and run corrupt code on a target's mobile device.
The proof-of-concept app, as described in a blog post by the security firm ViaForensics called "No-permission Android App Remote Shell," gives its creators remote access to an infected Android device. The app exploits Android's permissions system, which is designed to put security in the hands of customers by giving them explicit control over what capabilities each app can perform.
This is yet another blow to Google's massively popular but vulnerable smartphone operating system, which has been hit with a multitude of malware attacks in the past few months.
The ViaForensics app, as shown in a video on the company's website, gave researchers the ability to extract data about the target device and read data form the SD Card and send it back to its server.
Thomas Cannon, director of research and development at ViaForensics, wrote that the functionality the app exploits is not new, and has "been quietly pointed out for a number of years."
"We are using Android the way it was designed to work, but in a clever way in order to establish a 2-way communication channel," Cannon wrote.
Researchers tested the rogue Android app ? it is not a legitimate app in Android's App Market ? on versions from 1.5 up to 4.0 (Ice Cream Sandwich) and said it successfully performed its devious function in all cases.
"In this demonstration Android's power and flexibility were perhaps also its downfall," Cannon wrote. "Other smartphone platforms may not offer the controls we are bypassing at all, and the multi-tasking capabilities in Android allowed us to run the attack almost transparently to the user."
? 2011 SecurityNewsDaily. All rights reserved
Source: http://www.msnbc.msn.com/id/45755384/ns/technology_and_science-security/
Friday, December 23, 2011
Debt crisis: live
21.14 Fitch adds that America's AAA rating "will likely be lowered? unless there's a concrete a plan to reduce its deficit. ?Agreement will also have to be reached on raising the federal debt ceiling, which is expected to become binding in the first half of 2013,? it says.
21.04 More on Fitch's warning to America: essentially the ratings agency points out that the failure of the Congressional Joint Select Committee on Deficit Reduction to agree on $1.2 trillion of deficit reductions has put into question its ability to contain the rise in federal debt. Not taking action now will lead to more pain in the future, it says:
By postponing the difficult decisions on tax and spending until after the forthcoming Congressional and Presidential elections, the scale and pace of required deficit reduction will consequently be greater. Even under optimistic economic and fiscal policy assumptions, Fitch believes that at least USD3.5 trillion of additional deficit reduction measures will be required to stabilise federal debt (held by the public) at around 90% of GDP in the latter half of the current decade.
20.26 Standard & Poor's has already taken America's AAA rating away, and now Fitch is threatening to do the same:
The high and rising US federal and general government debt burden is not consistent with keeping the AAA rating.
But it also says that it won't happen before 2013. Quite why the move is ruled out for 2012 is not clear.
19.52 AFP is reporting that Standard & Poor's has downgraded Hungary's credit rating to junk.
19.13 Spain has named its new economy minister: 51-year-old Luis de Guindos, an ex-Lehman Brothers executive.
He has solid political credentials with the ruling Popular Party, which won an election landslide in November as voters punished the Socialists for their handling of the economic slump.
De Guindos was a member of then prime minister Jose Maria Aznar's team from 1996-2004, working in the economy ministry and rising to become state secretary for the economy from 2002-2004. After that, he was executive chairman for Spain and Portugal at Lehman Brothers from 2006-2008.
Speaking at an economics seminar in Madrid last month, he said:
It cannot be that when activity declines businesses automatically fire temporary workers. It cannot be that when a company's revenue declines 50pc its industrial sector agreement obliges it to raise salaries by inflation plus two points. Half of the financial sector needs a new round of restructuring.
18.56 The FTSE 100 closed down 0.55pc today, but these tables show the outcome for the five companies at the luckiest and unluckiest ends of the spectrum.
18.20 Italian and Spanish government 10-year bond yields rose today after doubts emerged as to whether banks would use much of the hefty three-year loans they took from the ECB to buy sovereign debt and ease the cost of borrowing.
You can see the rises in the graph below (the yields look completely flat, but if you click on each country name you can toggle its graph line on and off to get a closer look at those remaining).
17.25 With only two trading days until Christmas (and Friday is only a half-day...) there isn't much time left for the traditional "Santa rally". Giles Marriage, associate director at Thesis Asset Management, had this to say this morning:
'Santa rallies' have seen UK blue chip shares rise in December for the last eight years in a row. Looking back further, the FTSE 100 has only had three negative Decembers in the last 27 years and has returned on average +2.88pc.
Of course, the FTSE 100 lost 0.55pc today, so we now need a 300+ point rise to reach the value seen at the start of the year. We'd also need a Santa rally of more than 2pc to end the month in the black...
17.10 Fitch says that deterioration in the eurozone is leading to weaker economic growth, heightened financial vulnerabilities and some negative rating actions in Europe. Charles Seville, Director in the sovereign group at Fitch Ratings, says:
Central and Eastern Europe is by far the most exposed emerging market region to the eurozone crisis owing to strong trade flows, banking sector linkages and, in some cases, portfolio investments, currency risks and substantial gross external financing requirements.
It also placed 41 Italian local governments including Milan, Rome and Italy's wealthiest region, Lombardy, in the north, on "rating watch negative".
16.58 We've more from the IMF now. Currently it estimates 4pc growth in 2012, but Christine Lagarde now says that this will probably be cut due to the eurozone debt crisis.
"I am almost certain... that the forecasts will be revised down" in January, Lagarde told the Niger National Assembly, saying that "clouds building up, especially over Europe, mean we have to lower our outlook."
16.54 Time for the customary end-of-day market graphs.
16.42 The IMF is "almost certain" to cut its 2012 world growth forecast. We'll bring you more on that as it comes in...
16.35 The European markets have now closed for the day, slipping back from initial gains made on news of a massive bank liquidity injection by the ECB faded in unease at the huge amount offered (summed up nicely by Angus Campbell below).
Angus Campbell, head of sales at Capital Spreads, said:
European banks were given an early Christmas present by the ECB today as it provided cheap 3 year loans and before you could say ?quantitative easing? they were massively oversubscribed, dishing out almost ?500 billion. Initially we rallied on the back of the news but then the gains were swiftly reversed as people said: 'hang on a second, if the banks need that much in short term loans they really are in trouble'.
The big question is what will they do with the cash? The thinking is that they?ll buy up Spanish and Italian debt to earn from their hefty yields, help to bring down the countries? borrowing costs and assist in their fiscal rebalancing. The problem is however that if all that renewed exposure to Italian and Spanish debt goes sour, a year or so down the line we?ll be in even bigger trouble than we are now.
16.02 More from Fitch: the credit rating of 14 regional and local authorities are now on "Ratings Watch Negative":
The RWN indicates that the ratings are under active review and are subject to a heightened probability of a downgrade in the near-term. Fitch expects to complete the review by the end of January 2012. If the review concludes that a downgrade is warranted, it is likely be limited to one or two notches.
15.15 BREAKING NEWS...
Fitch says 14 Spanish local, regional governments face possible downgrade.
Adds that French banks need to restore confidence.
15.02 BREAKING NEWS...
US housing data out. Existing home sales were 4.42m (annualised) in November month on month against expectations of 5.05m. Previous month was 4.97m.
Existing home sales revised down by 15pc in 2010 to 4.19m, 16pc in 2009 to 4.34m, 16pc in 2008 to 4.11m and 11pc in 2007 to 5.04m.
14.44 BREAKING NEWS...
Egypt downgraded to B2 from B1 by Moody's and may be cut further.
14.41 The Telegraph's Ambrose Evans-Pritchard as blogged on the European Santa rally: Herr Draghi or Signor Draghi, and the ECB's Santa Rally (technical)
14.36 Ed Conway at Sky is tweeting about Olivier Blanchard, the IMF's chief economist:
IMF Blanchard: substantial fiscal consolidation needed... marathon rather than a sprint. More than two decades to return to prudent debt levels.
14.29 The IFS has commented on the UK borrowing figures (see 09.33). Public borrowing was lower than expected in November at ?15.2bn, but weak growth and eurozone worries threaten UK's attempts to balance the books.
Rowena Crawford, a research economist at the IFS, said:
A simple extrapolation from borrowing so far this year suggests that for the whole of 2011-12 it would come in below last month's forecast by the Office for Budget Responsibility of ?127bn. However, if central government departments were to exhaust their allocated budgets by the end of the year ? as the OBR expects ? then borrowing would be much more likely to come in as forecast.
"Furthermore, while so far overall tax receipts are in line with the OBR forecast, there are risks around this. For example, despite a large downwards revision to their expectations for corporation tax receipts this year in the Autumn forecast, meeting the OBR's projection still depends on strong growth in these receipts over the next four months, which would be a turn-around from the fall in receipts seen so far this year.
14.21 More woe on the high street. Eighteen stores in the collapsed shoe shop chain Barratts Priceless will shut before Christmas, administrators said today.
Barratts stores set to close this week are in Connswater, Kilmarnock, Darlington, Cardiff and Blackpool. The 13 Priceless stores are in Croydon, Durham, Oldham, Strabane, Crossgates, Kettering, Carlow, Donaghmede, Torquay, Weymouth, Kings Lynn, Bexhill on Sea and Erdington.
14.04 The single currency has got a vote of confidence from... Finnish finance minister Jutta Urpilainen.
?I don?t believe in a break-up of the euro and I don?t want it. I can?t see Finland returning to its former currency, the markka, given the benefits the northernmost euro member has had from the single currency."
13.40 We are hearing rumours that the ECB is buying Italian bonds. However, the spread between Italian bonds and German Bunds is widening.
Economic commentator Zerohedge has tweeted:
ECB buying is confirmation LTRO plan has failed. Banks were supposed to be doing this.
12.47 Update on the markets:
FTSE 100 -0.05pc
CAC 40 -0.02pc
DAX +0.08pc
IBEX -0.28pc
MIB -0.29pc
12.33 Telegraph Business has rustled up a collection of the best pictures of 2011 and the biggest heroes and villains of the year.
Mervyn King watching cricket while Europe collapses and Silvio Berlusconi trying to impress the ladies are just two of the highlights. Well worth a look.
12.19 More on the ECB three-year loan action today. Morgan Stanley believes the LTRO only covers 20pc of EU bank delevaging needs - ?2.5 trillion.
MS Bank Del Ever Aging
But IoD chief economist Graeme Leach has welcomed the move:
At last we have a little Christmas cheer. The decision of the ECB to offer unlimited three-year loans at 1pc isn?t a game changer, but it?s the closest we?ve come to one throughout this crisis.
12.14 First the French, now the Germans are having a go at us.
In today?s Die Welt, Editor Michael St?rmer writes:
The loneliness of the British is a bad sign for Europe. The liberal economic forces lose ground vis-?-vis EU-statists. This changes all the equations within the EU, strengthens the development of the Franco-German directorate and weakens the influence of the smaller member states. Germany will become overwhelmed in its role of the irreplaceable yet reluctant hegemon.
12.09 Bad news in the US. After some good housing data yesterday, today it has been announced that MBA mortgage applications fell 2.6pc versus a previous rise of 4.1pc.
Dow still expected to open up 0.3pc.
11.42 Why 2012 could be disastrous for supermarkets:
Evolution Securities says food retailers are opening new stores and expand existing ones at a time when consumer spending is falling.
11.22 Some good news... and it comes from a ratings agency! Fitch says it has a stable outlook for German banks in 2012, as they are benefitting from the resilient domestic economy.
Meanwhile, the BdB Association of German Banks has said that the ECB loans (see 10.23 "are still all emergency measures that can?t replace a functioning interbank market?.
11.14 Need a further indication of how troubled the high street is? Here's Sports Direct's website boldly announcing that its January sale has started... four days before Christmas.
11.05 The French government says they "have no information" of a possible ratings downgrade.
Meanwhile, the Finnish finance minister, Jutta Urpilainen, says his country is committed to keeping its AAA rating and is planning more cuts and tax increases.
11.03 Time for an update on the markets: The FTSE 100 is up 0.6pc, France's CAC 40 is up 1.2pc and Germany's DAX is up 1.1pc. Spain's IBEX and Italy's MIB are both up 0.9pc.
10.59 Mariano Rajoy has taken over as Spain?s prime minister, backed by the strongest majority in three decades, and is preparing to appoint a finance minister, who will be tasked with reordering public finances and creating jobs.
New Spanish Prime Minister Mariano Rajoy is sworn in during a ceremony at the Zarzuela Palace in Madrid on December 21, 2011
Rajoy, whose People?s Party won 185 of the 350 seats in Parliament, is due to name his finance minister and other Cabinet members at 6.30pm.
10.45 The BBC's Robert Peston is tweeting on those figures:
ECB's ?489 three-year loans to stressed eurozone banks is a huge life-support operation, not a cure.
10.41 Analysts are reacting to those ECB figures, which showed more European banks borrowed more money than expected
Martin van Vliet, senior economist at ING:
The take-up of loans is massive, and even higher than in the ECB's first 12-month longer-term refinancing operation (LTRO) of June 2009, which attracted demand of ?442bn. However, the lower number of participating banks (523 versus 1121 previously) suggests that the take-up is currently less widespread - and probably more concentrated in banking systems in peripheral eurozone countries. Today's allotment of three-year loans is equivalent to almost one and a half times Spain and Italy's combined sovereign bond issuance in 2012. However, we doubt whether the money will be used extensively to fund purchases of peripheral debt, given concerns about mark-to-market risks and possible reputation risks.
Annalisa Piazza, from Newedge Strategy:
The take-up was a massive ?489bn, much higher than the expected ?300bn euros. Liquidity on the banking system has now increased considerably. In a nutshell, the three-year auction can been considered as successful in terms of adding liquidity to the banking sector. We believe most of the take up has come from EMU periphery's banks which have more problems with long-term fundings. However, given the large number of banks participating at today's auctions, we cannot rule out some core countries' banks have started to put on some carry positions.
10.38 Those ECB figures (see 10.23) have rocked the bond markets. Below is the 10-year bond market, with the yield the second column from the right and the movement in the last column. Bonds for the EU nations are moving back up, meaning it will be more expensive for those nations to borrow money.
10.32 An interesting UK Christmas spend tracker for while you're shopping for presents online:
10.23 BREAKING NEWS...
523 banks have taken the ECB's three-year loans, with ?489bn tendered (against predictions of ?300bn).
A lot of troubled banks out there.
10.12 Italian banking association ABI sees country's debt at 121.3pc of GDP in 2011, 120.8pc in 2012 and 117.4pc in 2013. And deficit at 3.8pc of GDP in 2011, 1.5pc in 2012 and 0.1pc in 2013.
It also forecasts core tier one ratio of 14 main Italian banks at 9.3pc in 2013 versus 8.5pc in June 2011.
10.05 Just need to slip in some political news. Mark Stone at Sky News has tweeted this pic as he flies with David Cameron:
No coalition when it comes to toilets, then...
10.00 We're getting some reaction from analysts on the MPC figures:
George Buckley at Deutsche Bank:
The minutes show a 9-0 on both the decision on the rates and QE. I think it is interesting that all members are discussing to make up for more QE. If they do more QE in February they are more likely to do ?75bn than ?50bn to keep the weekly run data the same.
Kit Juckes, a curency strategist at Societe Generale:
They are doing QE about as much as they can. They do not need to do more yet and, technically, doing more is quite tricky. When they make their next move, it will be more QE, but in reality you cannot do it at a rate that's disorderly. The MPC is temporarily out of bullets, it's standing by and watching.
09.51 Here are the MPC's minutes in full:
mpc1112[1]
09.33 BREAKING NEWS...
Bank of England MPC minutes released. Decision to hold rates and QE was unanimous. Some MPC members felt more QE might become warranted in due course.
Britain's outlook looked set to remain flat over the last quarter of 2011 and the first half of 2012, with some recovery likely after.
Public borrowing lower than expected in November at ?15.2bn, but weak growth and eurozone worries threaten UK's attempts to balance the books. Treasury spokesman:
These figures show the Government is making good progress on deficit reduction, with borrowing from April to November more than ?10bn lower than in the same period last year. These figures demonstrate the Government's unwavering commitment to dealing with the debts it inherited, despite the euro [crisis] and market turbulence.
09.32 A Reuters poll has concluded that the take-up of ECB three-year loans will total ?310bn.
09.22 Further to that ECB action today, 14 Italian banks have listed ?38.4bn of state-guaranteed bonds ahead of the three-year loan programme, according to the Italian Bourse.
09.17 Two pieces of breaking EU news.
Germany says it plans to borrow ?250bn from markets next year.
Spanish 10-year bond yields have fallen below 5pc. This means that the country's borrowing costs have fallen, too, instigated by the ECB's loan action today.
09.14 Jens Stoltenberg, Prime Minister of Norway, has said that his country has given 55bn krone (?6bn) to the IMF... and they aren't even in the EU.
09.08 Earlier this morning we had a profits warning from Thorntons, now restructuring firm AlixPartners has said that retail insolvencies may reach the highest level in four years.
This will be caused by weak Christmas sales leaving chains struggling to meet rent payments due this month.
?We are likely to see a number of retail collapses early in the new year and it could include some much-loved names,? Sanjay Bailur, managing director of the advisory firm?s UK unit, said in an interview. The outlook is ?worse than the last three or four years?.
09.01 BREAKING NEWS...
Italian GDP contracted by 0.2pc in the third quarter. Previous quarter saw 0.3pc growth.
Figures signal that the country may have entered its fifth recession since 2001 as the government adopts new austerity measures that will further weigh on growth.
09.00 Michael Hunter at the FT tweets on something we are all hoping for this Christmas:
All over Europe, wide-eyed, glistening children are looking at the skies in wonder and asking "is today the day the Santa rally is coming?"
08.52 Risks for European insurance companies from the current debt crisis have increased in the past six months and up to eight groups failed so-called "stress tests", a new report has shown.
In a twice-yearly report on financial stability in the insurance and occupational pension fund sectors, the European Insurance and Occupational Pensions Authority found that risks in the sector "are at high levels, and are more pronounced than the first half of 2011".
08.50 The BBC's Robert Peston is tweeting on the EU:
What happens to eurozone banks when they run out of assets pledge to central banks and other secured lenders?
08.19 Here's a worrying graph (aren't they all?) on UK GDP/consumer confidence:
08.02 In his daily email, Telegraph City Editor Richard Fletcher has focused on the release of the MPC minutes at 9.30am this morning:
07.44 Meanwhile, back to the East. China's national pension fund, the National Council for Social Security Fund, has injected 10bn yuan (?1bn) into the domestic stock market through other funds cleared on Friday to manage the investment, the Shanghai Securities News has reported.
07.21 Today, the European Central Bank is expected to report strong demand for an offer of unlimited three-year loans after banks were urged to take the funds as part of concerted efforts to ease severe pressure across the eurozone.
The ECB announced the emergency three-year loans, known as longer-term refinancing operations, or LTROs, earlier this month, in an attempt to help banks overcome ?720bn-worth of funding due to mature next year
07.15 Elsewhere, in the Guardian, Business Secretary Vince Cable has attacked the "whingeing" City, adding that the Government will ignore the bankers' pleas and make the economy less dependent on a sector that has caused "immense damage" to Britain.
07.11 Quick bit of corporate news, and it's all Japan this morning. HSBC is selling its private banking business in the country to Credit Suisse.
06.57 The Asian markets are doing well. Over in Europe and the US, the FTSE 100 is expected to open up 0.5pc and the Dow is predicted to open up 0.1pc
06.55 The Japanese government now expects 2011 real GDP to shrink by 0.1pc, against an earlier predicition of a 0.5pc contraction. They expect 2012 real GDP to grow 2.2pc against 2.7pc prediction.
Tokyo-based Ratings & Investment Information has cut Japan?s sovereign ranking for the first time, citing ?uncertain? prospects for economic recovery.
R&I lowered Japan?s foreign and domestic currency issuer ratings one step to AA+ from AAA.
06.51 The big stories this morning are Japan's central bank warning that its economic recovery has paused:
The pick-up in Japan's economic activity has paused, mainly due to the effects of a slowdown in overseas economies and of the appreciation of the yen.
and Japanese prosecutors raiding the headquarters of Olympus.
We apologise deeply again for the great troubles and worries we have caused our shareholders, investors, customers and others.
06.44 While Philip Aldrick brings us back to earth with a warning from ratings agency Moody's that Britain's credit rating could be cut if growth stalls:
Demonstrating how vulnerable the UK is to a downgrade, Moody's based its prognosis on growth in 2012 of 0.7pc ? in line with the official forecast, but more optimistic than both the Organisation for Economic Co-operation & Development's prediction of 0.5pc and the contraction expected by a swelling group of City forecasters.
Deutsche Bank on Tuesday added to the sense of doom by slashing its outlook for growth next year to "zero" and warning of a "modest technical recession".
06.35 Ambrose Evans-Pritchard and Louise Armitstead describe the Euroland euphoria sweeping across the region as Southern Europe basks in a blast of cheap liquidity from the European Central Bank:
Exuberance lifted Germany's DAX index by 3pc, the French CAC by 2.7pc, and FTSE 100 by 1pc, with ripple effects through commodities and risky assets worldwide.
The buying spree comes as markets wait for the ECB to turn on the monetary spigot. Funds are betting that an offer of unlimited bank credit for three years ? long-term repo operations (LTROs) ? will transform the underlying dynamic of Europe's debt crisis. Banks will be able to borrow at 1pc to buy Spanish and Italian bonds at 5pc or 6pc. It allows the ECB to prop up sovereign states without violating EU treaty law.
06.23 Here's how this morning's papers view the business world:
Telegraph: Euroland euphoria on Mario Draghi bank rescue
Financial Times (?): Strong take-up of ECB loans expected
Guardian: Vince Cable attacks 'whinging' City
The Times (?): Kim's lethal legacy
06.15 Good morning and welcome back to live coverage of the global debt crisis.
Debt crisis live: archive
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