Author: Serkadis

  • App Watch: Apps as Parenting Tools [Voices]

    By Yukari Iwatani Kane, Reporter, The Wall Street Journal

    IPhones with their shiny touch screens have quickly captivated small kids as well as adults. Parents are catching and are creating apps just for them.

    Palo Alto, Calif.-based Duck Duck Moose is one such company. Caroline Hu Flexer founded it with her husband, a software engineer, and a friend, a designer, a little over a year ago, after seeing how much her oldest daughter was interested in the device.

    “As a mom, I was always carrying around a bagful of crayons. I thought it would be great to have something that was high quality and educational for my child,” she says.

    The company decided to try to turn the idea of pop-up books into an app. The first one, Wheels on the Bus, plays the popular song while children can touch the bus on the screen to swish the wipers, open and close the door or spin the wheels. Flexer’s husband, who is a cellist, recorded the music with a pianist and a violinist, while their daughter, who was three years old at the time, recorded a gibberish track that proved to be a hit.

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  • New Versions of Firefox Browser Delayed

    Mozilla is pushing back deadlines for new versions of Firefox, calculating that taking a little more time to deliver new software will be worth the risk.

    Unlike in years past, when Firefox was the only serious, free alternative to Microsoft’s Internet Explorer, the browser landscape is especially crowded these days, and browsers that fall too far behind the upgrade race risk losing substantial market share.

    In the past year, Google has released Chrome for Windows and beta versions for Mac and Linux; Apple has been aggressively promoting Safari; Microsoft has been putting some new energy into Internet Explorer; and Opera has been working on building new, speedy JavaScript engines.

    A Window for IE

    The next version of Firefox, version 3.6, was slated for a 2009 release, but now that won’t happen until at least the first quarter of 2010. And plans for the major 4.0 release have been pushed back until the end of 2010 at the earliest, and more likely the first quarter of 2011.

    That delay could be good news for Microsoft, says Charles King, principal analyst with Pund-IT. Recent numbers show Firefox 3.5 with a larger percentage of users than either Internet Explorer 7 or 8, but the trends also show a relatively rapid transition to Microsoft’s latest browser due to market adoption of Windows 7.

    “With the delay of the next version of Firefox, Microsoft has a window to take back some market share,” King said. “A lot will depend on how well Microsoft gets the word out about IE 8 — how different and better it is than IE 7 and the current Firefox offering.”

    Personas, Jetpack and Electrolysis

    One of the big additions in 3.6 is the Personas plug-in, which will allow users to easily customize the appearance of the browser. Personalization is something that’s popular with end users, although…

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  • $700 iSlate Hype Drives Apple Stock To All-Time High

    With no official encouragement from Apple, speculation continues to flourish about the touchscreen tablet computer the company is expected to release next year. The hype has been great for business, sending Apple’s stock price to an all-time high of $213.95 on Monday.

    Long referred to in rumors as the iTablet, it’s now possible the device will be called the iSlate, similar to the Newton MessageSlate prototype Apple experimented with, but never released, in the 1990s.

    A Delaware-based company called Slate Computing LLC, possibly an Apple-owned firm, trademarked the name iSlate in August. The name on the trademark application, Regina Porter, may be the same person who is Apple’s senior trademark specialist. The domain iSlate.com has been registered with the company since early 2007, according to a blog that closely follows Apple products.

    Slate Computing has also trademarked the term Magic Slate, which reminds many Apple watchers of the Magic Mouse.

    Geared Toward Personal Users

    Some reports cited Innolux, a division of FoxConn, which makes the iPhone and iPod, as a provider of the glass panels for the tablet, which may have a seven- or 10-inch screen.

    A key concern for the new device is the strength of the glass, and Taiwan-based G-Tech Optoelectronics is said to have developed a process to reinforce the glass. The company specializes in glass for scanners, copy machines, and LCDs.

    The price estimate for the tablet is in the $500-$700 range, slightly higher than the limited-feature netbooks now offered by such companies as Dell and Samsung.

    But whether it’s called the iTablet or iSlate, the tablet, like the iPod and iPhone, is expected to appeal more to single purchasers for personal use, rather than large companies.

    “Corporate America uses the PC more than Macs,” said Stephen Slamowitz, an architect of IT governance at Computer Associates. “[The tablet] will be great for graphic…

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  • More streaming video fun: a first look at Qik Live for iPhone

    Filed under: , , ,

    The folks who first showed us video streaming live from an iPhone, Qik, now have an official (non-jailbreak) app available in the App Store.

    Like Ustream Live Broadcaster, Qik Live [iTunes Link] is a free iPhone app that streams live video to a web page where friends, relatives, and the world at large can watch and hear what you’re currently doing. Qik Live has a very streamlined interface that’s simple to use. You’ll need to sign up for a free Qik account before you start blasting your video to the world, but you can do that from within the app. The app runs on iPhone 2G, 3G, and 3GS devices on 3G or Wi-Fi networks.

    Once you’ve launched the app and logged in, a pre-broadcast screen appears showing a live image. Settings are changed by tapping on a 320 x 240 landscape image to bring up a small menu. The menu options include muting/unmuting sound, turning chat on/off, setting a video to private, editing the title and description of a broadcast, choosing where to share the video, or sending the last stream to someone via email.The folks who first showed us video streaming live from an iPhone, Qik, now have an official (non-jailbreak) app available in the App Store.

    Like Ustream Live Broadcaster, Qik Live [iTunes Link] is a free iPhone app that streams live video to a web page where friends, relatives, and the world at large can watch and hear what you’re currently doing. Qik Live has a very streamlined interface that’s simple to use. You’ll need to sign up for a free Qik account before you start blasting your video to the world, but you can do that from within the app. The app runs on iPhone 2G, 3G, and 3GS devices on 3G or Wi-Fi networks.

    Once you’ve launched the app and logged in, a pre-broadcast screen appears showing a live image. Settings are changed by tapping on a 320 x 240 landscape image to bring up a small menu. The menu options include muting/unmuting sound, turning chat on/off, setting a video to private, editing the title and description of a broadcast, choosing where to share the video, or sending the last stream to someone via email.

    TUAWMore streaming video fun: a first look at Qik Live for iPhone originally appeared on The Unofficial Apple Weblog (TUAW) on Mon, 28 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.

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  • Making Microsoft Office on the Mac look more PC-like

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    Previously, I’ve mentioned that, despite their similar DNA and file interoperability, Microsoft Office for the PC and Mac are different in their own little subtle ways. This is part function: for example, Microsoft Excel on the Mac uses the 1904 date system, while its PC counterpart uses the 1900 system. But it’s also part form. Upon first launch, Microsoft Word and Excel on the Mac present a more palette-oriented user interface, with a “toolbox palette,” when compared to their pre-ribbon Windows counterparts. For some, this difference in UI schemas may serve as an annoyance.

    Though I’ll be using Word for this example, you can also make these changes in Excel using the same steps. To make Microsoft Office on your Mac look more Windows-like (pre-Office 2007, that is), first close the “toolbox palette.” Next, click on “View,” and then click on “toolbars,” where you’ll be presented with a host of toolbars to choose from. Despite a myriad of choices, choosing the “standard” (which is already selected by default) and “formatting” toolbars provides you with the most similar UI layout to that I’ve often seen in Microsoft Word on a Windows machine.

    While it would be reasonable to assume that wanting to get rid of the toolbox palette would be more applicable to new PC-to-Mac converts, this isn’t necessarily so. Regardless of one’s sentiments toward Microsoft, most offices are, well, Microsoft Offices running on Windows. A consistent looking Word and Excel on our Macs could better facilitate one’s workflow.

    TUAWMaking Microsoft Office on the Mac look more PC-like originally appeared on The Unofficial Apple Weblog (TUAW) on Mon, 28 Dec 2009 17:30:00 EST. Please see our terms for use of feeds.

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  • Audi officially confirms Q5 hybrid coming in 2011

    Filed under: ,

    Audi Q5 – Click above for high-res image gallery

    Audi of America President Johan de Nysschen doesn’t seem to be a big fan of electric vehicles, yet the four-ringed automaker appears to be warming to the green tech. Since de Nysschen’s assault on the Chevrolet Volt (and electric vehicles in general), the German luxury automaker has unveiled the sweet-looking eTron concept, and it is now officially confirming that it will venture into the hybrid market.

    Audi published a press release today touting the billions of euros it is spending to increase its product portfolio from 34 models to 42 in 2015. One of the info-bits buried within the text is the promised 2011 arrival of a Q5 hybrid, a development first rumored back in May. The hybrid Q5 would be Audi’s first full hybrid vehicle, giving the German luxury car maker an entry in the growing green scene. Audi didn’t take the opportunity to provide any details about powertrains or battery types, but it does say that the Q5 hybrid would be officially unveiled by the end of 2010.

    Audi has in the past said that it didn’t plan to go all-in on hybrids due to the fact that the German automaker feels diesels make more sense both financially and in terms of practicality, particularly for the U.S. market. While most of us around AB agree with this thought process, we think that if Audi has decided to pursue gas-electric models anyway, the hot-selling Q5 should make a good first hybrid – especially as its size will enable Audi engineers to more easily fit an electric motor and a battery pack into its CUV proportions. Further, the Q5’s somewhat hefty price tag might help hide some of the added cost associated with a hybrid powertrain. Hit the jump to read over the official verbiage.

    [Source: Audi]

    Continue reading Audi officially confirms Q5 hybrid coming in 2011

    Audi officially confirms Q5 hybrid coming in 2011 originally appeared on Autoblog on Mon, 28 Dec 2009 18:01:00 EST. Please see our terms for use of feeds.

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  • Christmas Day bomb plot aboard trans-Atlantic jetliner

    Confiscating nail clippers to fight war on terrorism

    Editor, The Times:

    I am all for tighter security measures on air travels, but I cannot stand idiotic responses [“New rules keep plane passengers in seats,” page one, Dec. 27].

    Since someone tried to destroy a trans-Atlantic plane as it was ready to land in Detroit, now no one can leave his or her seat for the last hour of a flight. Had that occurred after the plane left Amsterdam, I suppose no one would be allowed to walk for an hour after plane departure.

    Remember that those who came up with this idea are the same geniuses who, for two years after Sept. 11, confiscated nail clippers to fight terrorism.

    — Edmond Fischer, Seattle

    Only 20 years in prison?

    While reading the article “Nigerian charged in airline bombing attempt,” Seattletimes.com, Nation & World, Dec. 26], I had to rub my eyes and read again that he would face only 20 years in prison for his actions.

    Oh no! A 23-year-old suicide bomber might have to serve 20 years in prison.

    The man was willing to die. Do we really think 20 years in prison is a deterrent to suicide bombers?

    — Meg Connelly, Bothell

    Common sense doesn’t prevail, again

    Common sense should dictate that passengers should not be allowed lighters or matches aboard commercial airlines [“Bomb plot exposes air security weaknesses,” page one, Dec. 28].

    For those who don’t fly, smoking is prohibited yet lighters and matches are allowed by the Federal Aviation Administration. So much for common sense. What has happened to our government’s ability to think and protect?

    Perhaps too much book smarts leaves no room for sense — common or otherwise.

    — Steve and Cynthia Bova, Ocean Shores

    Want to fly? Get your fingerprints ready

    Regarding the article “Airliner plot raises fears about al-Qaida in Yemen” [News, Dec. 28], I ask all of you: How long until we put into action a system that can really check who you are quickly?

    If you want to fly, your DNA or fingerprints have to be on file. We need to speed up the process by which our DNA is checked. Fingerprints can be checked pretty quickly.

    If you don’t like this idea, then drive.

    Yes, it speaks of Big Brother, but I don’t want to see us lose the privilege of flying. If we’re going to defeat the crazies, we must take steps to do so, otherwise, they win. And that’s just what they want.

    Anybody can get a fake passport or some other form of ID, but just try and fake your DNA or fingerprints.

    — Steve Drake, Seattle

  • CHART OF THE DAY: That Horrible Q3 GDP Report Was Even Worse Than You Thought

    button more charts
    button chart prev button chart next

    Last week the Commerce Department announced that in Q3 GDP had been revised down to 2.2% growth after first clocking in at a brisk 3.8%. The number was the latest blow to those who are still holding out hopes of a V-shaped recovery.

    Not only was the headline number disappointing, but a deeper drill-down is also depressing. As Goldman Sachs analyst Jan Hatzius pointed out in a recent note, major GDP components, including consumption, residential investment, and business investment decline in lockstop. There were no outliers distorting the number.

    Quite simply, across the board, things aren’t as good aswe thought… or hoped.

    chart of the day, gdp q3 2009


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  • Sen. Ben Nelson’s ‘Cornhusker Kickback’

    The art of compromise

    Apart from the legitimate constitutional issues The Seattle Times raise about the payoffs to senators used to push through health legislation in the Senate [“ ‘Cornhusker Kickback’ bends federal law,” Opinion, editorial, Dec. 28], are the moral and practical issues.

    If senators who vote to mandate additional spending by states receive federal funding to avoid the need for additional taxes in their states — but senators who vote against the spending do not — the result will be a lot more government spending.

    Is that what we need at the moment?

    This sort of thing has usually been done quietly, but this time Sen. Harry Reid praised the practice as the art of compromise, praised senators who vote for such reasons, and expressed scorn for senators who do not.

    Bribery is now defended on principle.

    If this is permitted and continues, nothing will be uniform but bribery and preference will be given to those who sell their votes.

    — Richard E. Ralston, Newport Beach, Calif.

    Bland, easily-digested politics

    Eschewing sausage for milk toast, The Seattle Times declared its support for the idea of universal health care, while opposing the current health-care-reform bill as a product of the legislative sausage machine [“Now’s not the time for health-care reform,” Opinion, editorial, Dec. 23].

    The editorial criticizing Nebraska Sen. Ben Nelson’s success in obtaining benefits for his state in return for support of the health-care bill continues The Times’ campaign for bland, easily digested politics.

    Does anybody remember Warren “I just want Washington to get its fair advantage” Magnuson? As chairman of the Senate Appropriations Committee, he sent billions of dollars our way, paying for everything from hydroelectric dams to first-class medical facilities.

    Should we give this sausage back? Speaking for myself, I like sausage.

    — Michael B. Gillett, Seattle

    Pork and beans for Sen. Patty Murray

    Sen. Patty Murray did an admirable job of describing the benefits of the Senate health-care bill [“Delay won’t cure nation’s troubled health-care system,” Opinion, guest commentary, Dec. 23], however, she failed to mention the pork served up to nine states to buy the votes necessary to ensure passage of the bill.

    This pork ranged from Nebraska’s receipt of enough federal funds to completely pay for its Medicare expenses, to Montana’s receipt of Medicare funds for people of any age who have an asbestos-related illness.

    Another point that Murray failed to mention is the notoriously bad estimates the government typically makes with respect to the cost of such plans. This plan supposedly yields a surplus over 10 years, but more likely it will cost more than expected and lawmakers will be back asking for more tax increases in the near future.

    A good measure of any new health-care plan should be whether the House and Senate will give up their special health plan when the new plan is adopted. I wonder what Murray’s answer to that question will be?

    — David Cutler, Medina

  • Proposed gun ban sparks debate

    Give ‘em an inch, they’ll take a mile

    On Christmas Eve, The Seattle Times editorial board called for new gun laws [“A region reels again,” Opinion, editorial, Dec. 24].

    It stated: “Every time a state lawmaker attempts to tighten a gun rule or change a law, the Second Amendment crowd goes bonkers. They bear some responsibility for what is happening because of a never-give-an-inch stance on gun policy.”

    I am a responsible gun owner.

    Every time the Democrats propose a new gun law to make us safer, they want to restrict my right to own, use or posses firearms or ammunition. I would support making it harder for criminals to get and use guns, as long as it doesn’t infringe on the rights of law-abiding citizens.

    But whenever we give them an inch, they try to take a mile. Banning my firearms will not make any of us safer, unless you are a criminal, deer or paper target.

    Dumb laws only encourage lawbreaking. Most gun owners are very suspicious of any new gun laws and most of us will not comply with foolish gun registrations or bans.

    — Ken Kissinger, Covington

    Safety at the expense of liberty

    Responding to the recent tragic shootings of our police officers, Rep. Ross Hunter, Sen. Adam Kline and Sen. Jeanne Kohl-Welles will introduce a bill banning the sale of military-style semi-automatic weapons in Washington [“Ban on some gun sales sought,” NWThursday, Dec. 17].

    These legislators are referring to firearms accurately known as AR-15s, often confused with fully-automatic military assault rifles. This proposed bill seeks to gain safety at the expense of liberty, rather than addressing the revolving door that is our justice system.

    Kohl-Welles asked, “Did the framers of our Constitution ever envision something like a semi-automatic weapon?” No, probably not.

    They likely envisioned the single-shot flintlocks of the day, yet should today’s civilians be limited to owning only antiquated flintlocks? I think not.

    And shouldn’t she also be proposing bans on semi-automatic hunting rifles, handguns and shotguns, rather than only on those rifles that resemble the military’s rifles? She is proposing a ban on firearms based on appearance — absurd.

    She said she doesn’t believe such a ban would violate the Second Amendment, yet she proposes restrictions where the framers of the Constitution did not.

    In the words of Benjamin Franklin, “Those who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety.”

    — Eric M. Page, Bothell

    Common link to recent police attacks is clear

    Danny Westneat’s column on our culture that embraces gun ownership [“Good enough for guns, not wheels,” NWWednesday, Dec. 23] resonates with so much common sense that hardly any more can be added, except to note it was exceptionally well thought out.

    It is beyond me how we got to the point that any attempt to put some reasonable limits and accountability to gun ownership is deemed outrageous.

    Even in the Old West, towns could ask people to check their guns in at the sheriff’s office and pick them up when they leave. Now we get up in arms when an attempt is made to ban guns from our parks or other public places.

    Any idiot can see that easy gun accessibility is the common link in all our recent attacks on our police.

    — Brian Hogan, Kent

    Land of the free has limitations

    Danny Westneat hits a bull’s-eye again with his column “Good enough for guns, not wheels.”

    Time and again, week after week, Westneat manages to jostle our brains, and move to our hearts with his intelligent perspectives on current affairs. While he always has something interesting to say, his recent piece is especially powerful.

    It should make even ardent gun-rights advocates sit up and think.

    Living in the land of the free has limitations and rules, like driving on the right side of the road. That certainly isn’t freedom, but helps to keep us from killing other innocent people.

    Our country should have basic gun control and licensing laws that help to do the same thing.

    Thanks to Danny Westneat for pointing out the painful ironies once again. Hopefully, others are reading his words and are thinking again about this issue.

    — Jack Swenson, Seattle

  • PickupTrucks.com calls out decade’s 10 most significant trucks

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    2010 Ford F-150 SVT Raptor – Click above for high-res image gallery

    We love ourselves a good top 10 list, and when talk turns from cars to trucks, there’s nobody who’s opinion we respect more than the brain-trust behind PickupTrucks.com. That said, we now present the Top 10 Significant Pickup Trucks of the Decade as chosen by the aforementioned truck nuts (no, not that kind) and AutoPacific.com.

    Every major automaker that sells pickup trucks here in the United States is represented on this particular list, which only seems fitting in today’s competitive landscape. Further, there’s a truck for just about every need – no matter what size, towing power, seating capability or fuel mileage you are looking for, you’ll find it offered here in the States… except perhaps for something really small.

    Though it just hit the market at the very tail end of the allowable date range, we’ll happily throw a vote in the direction of the Ford F-150 SVT Raptor. It’s truly unlike anything else ever offered for sale from a major automaker, and we’re happy Ford had the guts to build it. That said, click here to read the complete list, then come back and let us know what you think.

    [Source: PickupTrucks.com]

    PickupTrucks.com calls out decade’s 10 most significant trucks originally appeared on Autoblog on Mon, 28 Dec 2009 17:31:00 EST. Please see our terms for use of feeds.

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  • VIDEO: Taylor’s big day on The Price is Right

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    Click above to watch the video after the jump

    It has been a long, long time since we’ve watched The Price is Right – let alone on a regular basis, but there was a time when 11:00am was Bob Barker time. Barker has, of course, been replaced by comedian Drew Carey, but the game show hasn’t changed much for the most part, and still rocks the most when either Plinko is being played or the showcase involves a new car.

    That’s good news for Taylor, a 19-year-old who celebrated his birthday on the show last year. Taylor had what could only be called one of the luckiest days in show history (at least to auto enthusiasts), winning two rear-wheel-drive cars, a scooter, a trip to Boston and a boatload of money. Now that’s what we call a birthday present, and hopefully Taylor was able to use some of his winnings to trade up from a V6 Ford Mustang to a GT. Hit the jump to watch this oldie but goodie. Top tip, Mojo!

    [Source: CBS via YouTube]

    Continue reading VIDEO: Taylor’s big day on The Price is Right

    VIDEO: Taylor’s big day on The Price is Right originally appeared on Autoblog on Mon, 28 Dec 2009 16:55:00 EST. Please see our terms for use of feeds.

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  • Did the Endo thing today

    Time flies when your BS runs high . . .

    3 months already on Insulin. Working to gradually adjust the dose so I don’t go low. (Living alone I have no backup if I crash)

    Good News! My A1C is 7.6. Not great, but better than 8.0. He did adjust the Levemir again. Now 25 IUs twice a day. Apidra 1 IU per 6 carbs.

    The bad news is he got a nasty letter from Medicare. It seems that Medicare is Verrrry unhappy that I test 5 times a day. Medicare wants copies of my logs to prove I am using the strips and not selling them. If this is what life is going to be like under 0bamacare, I don’t need it. 😡

  • Rumor: GM planning to rebadge Saab 9-5 as a Buick

    2010 Saab 9-5

    As General Motors gets ready to sell or wind down Saab, the automaker is rumored to be planning on saving the 9-5 sedan as a rebadged Buick. According to a report by Dagens, GM is seeing positive opportunities to closing Saab including selling Beijing Automotive Industry Holdings Co. Ltd (BAIC) of certain Saab 9-3, current 9-5 and powertrain technology and tooling.

    Of course, you should take this report with a grain of salt since Buick already has a successful mid-size sedan – the 2010 LaCrosse.

    Sources are also saying that GM may export some of Saab’s technology for a new premium Opel vehicle.

    2010 Saab 9-5:

    2010 Saab 9-5 2010 Saab 9-5 2010 Saab 9-5 2010 Saab 9-5

    – By: Omar Rana

    Source: Dagens (via Saabs United and CarScoop)


  • Video review of the LG eXpo

    PhoneArena have published their video review of the LG eXpo and shows the device to be rather handsome with a very attractive user interface for which it really is not being given much recognition.

    The 1 Ghz Snapdragon smartphone can be bought for as little as $50 with contract from AT&T resellers such as Amazon.

    Read their full text review here.

    Share/Bookmark

  • Predictions Part 2 and 2009 Lookback: Mortgage Banking, VAT, Rate Rise, Selling Treasuries, Bloggers’ Take, Surpises, 2009 Trifecta

    bill-coppedge-dec09-1 original content selection by MortgageNewsClips.com

     

    2010 The year ahead:

    mortgage-orb

    Fed Leaders Spell Out Concerns For 2010 – BY PHIL HALL –  What can the mortgage banking industry expect in the new year? According to recent speeches offered by several leaders within the Federal Reserve System, 2010 will be just as challenging as 2009 – and, perhaps, even more so – unless changes in attitude and perception are put into place. – MortgageOrb

    ————

    nick1 nick-gogerty

    VAT Ahead? – An anthropologist looks at Transaction taxes. Why 2014 might look like 1914. – Nick Gogerty – There is a lot of talk about a transaction TAX in the US.  One can argue whether it is punitive, driven by vigilante populism or a legitimate safety mechanism a la Tobin.  One of the sub-fields of anthropology is archaeology, the science of looking through dead people’s  junk in an act of guessing how people believed, behaved and organized themselves into cultures.  Stamps are a useful way to revisit transaction taxes. – Designing better Futures

    ————

    otm1 of-two-minds

    Why Interest Rates Will Rise in 2010 – Charles Hugh Smith – Interest rates, artifically suppressed by the Federal Reserve and China, are about to start rising, and will continue rising for a generation. – … There have two primary drivers of super-low interest rates: The Federal Reserve and the Chinese buying Treasury bonds. … – Of Two Minds
    ————

    washington-post

    Freddie Mac sees rates headed to 6 percent by end of 2010 – … Amy Crews Cutts, deputy chief economist at Freddie Mac, told the newspaper that interest rates were bound to rise to 6 percent by the end of 2010 because private buyers would demand a higher rate of return on the securities than did the Federal Reserve, the U.S. central bank … – Washington Post

    ————

    z1 zero-hedge

    Brace For Impact: In 2010, Demand For US Fixed Income Has To Increase Elevenfold…Or Else – Submitted by Tyler Durden – …  Accounting for securities purchased by the Fed, which effectively made the market in the Treasury, the agency and MBS arenas, but also served to “drain duration” from the broader US$ fixed income market, the stunning result is that net issuance in 2009 was only $200 billion. Take a second to digest that. … Out of the $2.22 trillion in expected 2010 issuance, $200 billion will be absorbed by the Fed while QE continues through March. Then the US is on its own: $2.06 trillion will have to find non-Fed originating  demand. To sum up: $200 billion in 2009; $2.1 trillion in 2010. Good luck. … lots more – Zero Hedge

    ————

    bespoke-roundtable-pic1

    prieur

    Blogger Rakes on 2010 – 2010 Bespoke Roundtable – Posted by Prieur du Plessis – Bespoke Investment Group has just conducted a roundtable on the outlook for the economy and financial markets by surveying opinions from individuals that run “the best financial blogs and websites”Investment Postcards from Cape Town

    ————

    cassandra

    10 Surprises for 2010
    I can’t help but the join the bull market in 2010 surprises. Here they are, like ‘em or not…. 
    10. Obama administration despite pyrrhic healthcare victory sets sights on social security reform including some means-testing and tax and contribution holidays for those working longer than age 65.
    9. The DGDF meme wilts. Carry-trades in entire anti-dollar complex implode. EM equity fares best (relatively) in unwind. –  read the other 8 at   Cassandra Does Tokyo

     

    2009 Lookback

    ‘New Normal’ Tops 2009 List of Overused Phrases: Caroline Baum – Bloomberg

    ————
    lots of charts – 2009 Economic Year in Review: The Recovery Has Started – Hale “Bonddad” Stewart –  Huffington Post

    So in conclusion,
    1.) Manufacturing is making a strong recovery.
    2.) Housing is on the mend, although there is still work to be done
    3.) The consumer is spending again, although weakly
    4.) It appears the economy will start to create jobs over the next few months
    5.) The economy grew in the third quarter
    In short, the recession is clearly over. However, growth is weak. But, considering where we started the year, we’re actually doing pretty well.
    ————
    A Decade of Despair – By Alan J. Heavens – Philadelphia Inquirer Real Estate Writer – goes into September 11, securitization, and other factors shaping housing over the decadePhilly.com

  • Texas Tech’s Leach Suspended For Alamo Bowl

    Mike Leach has been suspended from all duties as head coach for the Red Raiders while an investigation is pending from a complaint filed by a player and his family. Ruffin McNeill, the defensive coordinator, will replace Leach this Saturday night in the Alamo bowl against Michigan State. No further information is known at this time as the university is declining comment, citing privacy concerns.

    Leach and Texas Tech have seemingly had a strained relationship the last few years, with Leach’s awkward courtship for the Auburn job last season and difficulty in signing a renewal of his contract earlier this year.

    Maybe the powers to be in Lubbock are taking no chances in the post Mangino climate, since alledged abuses on players by the former Kansas coach came to light the past few weeks. We’ll keep you updated as more information breaks.

    h/t: OU Ron

    UPDATE: It has been confirmed by ESPN that the player in question is Adam James, the son of ESPN analyst and former SMU running back Craig James. It’s reported that James, a sophomore wide receiver, was excused from practice by doctors concerned over a possible concussion and an elevated heart rate. When he came out on the practice field, Leach told a trainer to take James the darkest place and make sure that he could not sit or lean for three hours. James wound up in an electrical closet and confined for three hours. Reports of him being waterboarded seem to be exaggerated, although the confinement seems to have happened on two occasions.

    Leach’s attorney is now in the process of trying to have the suspension lifted. Craig James, who was scheduled to work the Alamo bowl, will not do so now. Damn.

    UPDATE:

    The Texas Attorney General will represent Texas Tech University before a judge tomorrow morning in San Antonio against Mike Leach, who is seeking a court injunction to bar the university from suspending him. According to online blog of the Lubbock Avalanche-Journal, Leach’s attorney will argue that the coach’s contract with the university does not empower the school to suspend him.

    In other news, ESPN.com’s Joe Schad is reporting that Leach’s attorney now expects that the coach will be fired from the university — perhaps with cause — as a result of this incident. Regardless of the outcome, the end result of this situation is that Leach’s market value as a head coach is virtually zilch, his reputation damaged beyond repair.

    Interestingly, Texas Tech will owe Leach a longevity bonus of $800,000 if he is employed as head coach as of January 1, 2010.

    © fanblogs.com

    View the original post or comment on Texas Tech’s Leach Suspended For Alamo Bowl…


  • Biodiesel Tax Credit Tabled by Senate – CSNews Online

    Biodiesel Tax Credit Tabled by SenateCSNews Online"Without an extension of the tax credit, all US biodiesel production will grind to a halt. Plants will be shuddered, and workers will be let go. …Biodiesel Tax Credit Put Off Until Next YearHeati…


  • UK Government Report Shows That Digital Economy Bill Will Cost More Than Highest ‘Piracy’ Estimates, Drive 40,000 Offline

    As the UK considers Peter Mandelson’s Digital Economy Bill, a UK government report that looks into the likely impact of the law is incredibly damning. It finds that the plans to send threat letters to users and eventually kick them offline based on accusations (not convictions) would cost consumers in the neighborhood of £500 million. Note, of course, that the music industry itself claims that £200 million worth of music is downloaded in the UK per year (and, of course, that’s only “losses” if you use the ridiculous and obviously incorrect calculation that each download is a “lost sale”). The report also finds that these greater costs on ISPs for managing such things (all of which will get passed along to consumers) will likely caused 40,000 residents to just give up their broadband, rather than pay the higher fees.

    You might think that this would be reason enough to drop the bill as quickly as possible, but not so fast. The report also, without any evidence, suggests that the same law would also increase sales for the music and movie industry by £1.7 billion over the next ten years. That’s odd, because there’s still no one who can explain how kicking people off the internet actually gets anyone else to buy anything. In fact, we already have proof that it won’t. Prior to the threats of losing your internet access were the much more threatening prospect of ending up being fined millions for sharing two dozen songs. And that didn’t convince people to buy more.

    Either way, the cost side of the equation makes it quite clear that this is the government asking consumers to artificially foot the bill for an entertainment industry that appears unwilling to adapt to a changing marketplace that requires new business models.

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  • MoonPie to rise over Mobile to ring in the New Year

    New York City has the ball. Atlanta has a peach. My hometown (home of the Arkansas Razorbacks) drops a pig statue to ring in the new year. And in Mobile, Ala., a city in the second fattest state in the land, revelers will celebrate the turning over into 2010 with the rising of a giant MoonPie.

    Costly confection riled some residents

    Mobile city councilman Fred Richardson spent $9,000 of taxpayer money on the 12-foot MoonPie, which understandably bothered some people. But reports have it that 15,000 people turned up at the first Pie rise last year, and it’s expected even more people will turn up this year.

    So why a pie rise and not a pie drop? Well, everyone else has something that drops, Harriet Sharer of the Mobile Bay Convention and Visitor’s Bureau says, and they wanted to do something different. Besides, the moon rises, so why not have a rising MoonPie?

    Why a MoonPie?

    Richardson says the MoonPie was a perfect choice for the city’s New Year’s celebration because the MoonPie brings people together. “It cuts across economic status. It cuts across race,” he told the Mobile Press-Register last year. “If I had picked some other object, it could have divided the community. But the MoonPie, nobody has anything against the MoonPie.”

    The city has been associated with MoonPies, apparently, since the 1970s, when an all-female Mardi Gras krewe from the city visited Tennessee and stumbled upon the confection. City leaders had been admonishing parade participants against throwing Cracker Jack boxes from floats, so the ladies brought the softer, rounder, tasty treat to the city to provide a safer throw.

    The rising MoonPie is painted banana yellow (because that’s the easiest flavor to see, though not an incredibly popular one to eat) and decked out with 1,200 lights. It weighs 600 pounds and is hefted by a crane 200 feet in the air. Last year the Chattanooga Bakery, makers of the real MoonPies, gave away samples of the world’s largest edible MoonPie to revelers.

    This year folks who want to pay $50 can celebrate the new year with a champagne toast, party favors, a private terrace view of the moon rise and a midnight buffet that we can only assume will include MoonPies.

    The history of MoonPies

    The Chattanooga Bakery was founded in 1902 and claims to have played a role in the early development of some of today’s most classic snacks, from fig bars to vanilla wafers. The MoonPie was developed in 1917 and trademarked in 1919. Coal miners asked for a snack that was solid and filling because they weren’t able to break for lunch, and one coal miner indicated that the product should be as big as the moon.

    The original MoonPie was graham crackers dipped in marshmallow and covered in chocolate; today there are also banana, vanilla, strawberry, lemon and orange flavors.

    (By Sarah E. White for CalorieLab Calorie Counter News)

    From the RSS feed of CalorieLab News (REF3076322B7)

    MoonPie to rise over Mobile to ring in the New Year