Author: Serkadis

  • Pew: The Number Of Americans Who Believe In Ghosts Has Doubled In A Decade

    Pew Research
    has some shocking data on Americans' believe in mysticism, shown below. First of all, almost one in five Americans believes in ghosts (see the middle table). Yet to make things more appalling, this number has actually doubled in just over a decade.

    From 1996 to 2009, the percent of Americans who claim to have seen or been in the presence of a ghost has risen from 9% to 18%.

    i

    This would imply that American educational development could be reversing. The nation is 'un-educating' itself, if you will. It also means that one in five voters believes in ghosts.

    Now, fair enough, probably more than one in five investors believes in efficient markets. But still, this Pew data is ridiculous. (Via Modeled Behavior)

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  • Toyota officially launches plug-in Prius program, retail sales in 2011

    Filed under: , , ,

    Toyota Prius PHEV – click above for high-res image gallery

    In Japan today, Toyota officially launched its Prius Plug-in Hybrid (PHEV) lease program. Over the next six months, Toyota will be building and deploying 600 examples of the plug-in Prius for testing primarilly in Japan, United States and Europe. The Japanese market will get 230 units, with 150 coming to the States and 200 going to Europe. The cars will be leased to government, commercial, and university fleets for field testing that help to gather more data on how PHEVs are used in the real world.

    To accommodate plug-in charging the Prius gets a 5.2 kWh lithium ion battery pack in place of the standard nickel metal hydride unit. The battery and associated charging hardware appear to be the only significant mechanical changes to the PHEV. The motor and other hybrid hardware are apparently carried over intact. Even with the standard motor, Toyota claims a maximum EV speed of 62 mph.

    On the Japanese JC08 cycle, the Prius can run about 14.5 miles before depleting the battery. It’s not clear what the performance level will be in EV mode and what sort of driving will trigger the engine to start up while the battery still has available power. Based on that driving cycle, the PHEV is rated at 72 mpg (U.S.) in post-EV hybrid mode which compares with the 50 mpg or so that we typically see in real use. Since the hybrid system is essentially unchanged, the 14 mile range is probably a bit optimistic. The combined efficiency based on a utility factor of .436 (43.6 percent of driving in EV mode) the Prius is rated at 134 mpg (U.S.). The PHEV Prius will undoubtedly get very good mileage, but we suspect that triple digits are unlikely for most people. During the presentation, Toyota also announced a target of retail sales for the PHEV of late 2011 at an “affordable” price. Video of the presentation and the press release are after the jump.

    Presentations:

    [Source: Toyota]

    Continue reading Toyota officially launches plug-in Prius program, retail sales in 2011

    Toyota officially launches plug-in Prius program, retail sales in 2011 originally appeared on Autoblog on Mon, 14 Dec 2009 10:30:00 EST. Please see our terms for use of feeds.

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  • Apple Delays iMac Shipments, Says Sorry

    Back in November we reported on the news that some of Apple’s new 27-inch iMacs were turning up with shattered screens and dodgy “flashing” displays. At the time, the most plausible explanation for the physical damage was that the packaging designed to protect the machines during transit was insufficient. The crazy flashing? Well, that’s anyone’s guess.

    Add to the mix an already-lengthy waiting period for order fulfillment and you get a fair number of frustrated customers wondering what they paid $1,700 for.

    Over on the Apple Support forums there’s a mammoth (80+ pages!) discussion raging about the very issue. As though that’s not enough, one disgruntled iMac owner created this web site for reporting and tracking other instances of damaged 27 inchers.

    Yesterday Apple did what it so very rarely does — apologized. Really: “We apologize.” Wow. I almost fell off my chair.

    The apology (I can’t stop shaking my head in wonder as I type that word) was delivered by an Apple spokesperson to CNET and reads, in all its succinct glory;

    The new iMac has been a huge hit and we are working hard to fulfill orders as quickly as possible. We apologize for any inconvenience or delay this may cause our customers.

    Of course, there was no mention of the shattered glass problem. Not a word about blinking displays. But c’mon, you didn’t expect a full and frank confession did you? This is Apple. Still, as Engadget’s Vladislav Savov put it, “Some contrition is better than none.”


  • Should You Reduce Your 401(k) Contribution?

    savings

    Americans are finally saving again, after years of binge spending on houses and stuff to fill them.

    That’s good for America, especially in the long term. But are you saving too much?

    Most financial advisers will tell you to max out your 401(k) contributions, especially if your employer provides matching funds.  But that might not be the best idea for everyone, especially if you don’t anticipate living lavishly in your dotage.

    Over at Punch Debt In The Face, personal finance blogger Debt Ninja explains why he is reducing his 401(k) contributions—basically because he wants to give himself a raise while he’s young to increase his standard of living. This will likely make him poorer when he’s older but that not necessarily an irrational trade off.

    What’s more, locking money up in a 401(k) may not be all that wise if you consider the possibility of needing money in the short term.

    Here’s Debt Ninja:

    The third, and probably most important, reason I decided to reduce my retirement contribution by 3% is this: I had no plans for the short term. Sure saving 18% for retirement is great, but guess what? That doesn’t make me rich until I’m 60 years old. What if I want to have a good chunk of change accessible in my 40’s? What if I want to retire early, but don’t want to be penalized for withdrawing from my retirement accounts? Well my friends, this is where the ’short-term’ investing game comes in to play. I have to start exploring other means to grow my money. I have been so focused on retirement, I completely forgot to establish a game plan for my 30’s, 40’s, and 50’s.

    (via Consumerist)

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  • Citi & TARP payback; Fed Funds & Mortgage rates; mortgage broker origination; House passes FIASCO

     

    pipeline-press

    rob-chrisman-daily

     

    Repeat after me: Fed Funds are set by the Federal Open Market Committee, don’t vary daily, and have no direct bearing on 30-yr mortgage rates. 30-yr mortgage rates are set by supply and demand through the bond markets, vary every day, and prices are adjusted by what investors & servicers want to see flowing into their portfolios.

    According to Fed Chairman Bernanke, the Fed still expects the labor market to improve very slowly, so they are reluctant to remove monetary stimulus by raising rates. Fed officials believe that inflation will remain low for the next couple of years, meaning that there is little short-term pressure to raise rates. But mortgage rates are not set by the Fed, or their thoughts on inflation – they’re set by “the market”.

    Hats off to Citigroup, who announced it has struck a deal with the government to return $20 billion in bailout money to taxpayers through a combination of stock and debt, the bulk of which would come from a $17 billion common stock offering. Citigroup received $45 billion of bailout money, and then the government converted $25 billion of its preferred-stock stake in the company into common stock over the summer. That effectively gave U.S. taxpayers a 34% stake in the company. It is nice to see some of “our” investments paying off. This pretty much leaves Wells Fargo as the largest mortgage investor still owing without a plan.

    Abu Dhabi, one of the seven United Arab Emirates, will be giving Dubai, another one of the seven, a $10 billion “lifeline” to head off a bond default. T…

    more on mortgage brokers, Financial Services Oversight Council, cram downs, Franklin American, Flagstar, Flagstar and 125’s, Caliber Funding, the economy, and joke of the day …  <<< CLICK HERE

  • Karen Collins on mussels, use-by dates and weight and menopause

    Guest contributor: Karen Collins, M.S., R.D., C.D.N.
    Karen Collins holds a B.S. degree from Purdue and an M.S. degree from Cornell, both in nutrition. When she’s not writing or speaking, she conducts a private nutrition practice in Jamestown, New York.

    Q: I’ve heard that mussels are good sources of omega-3 fat. How do I serve something so complicated?

    Mussels are a rich source of omega-3 fat, and preparing them is actually quite easy. When you bring fresh mussels home in a plastic bag, make sure to leave it open enough for them to breathe, and store the mussels in the refrigerator for no more than two days. Keep only those with unbroken shells that are tightly closed or that snap shut when tapped.

    Just before cooking, put the mussels in a bowl of cold water to give the mussels time to expel sand from the shells. Use a brush to clean the shells as you rinse them. With a sharp knife, cut off the “beard” (the tough fibers coming out of the shell) and pull back toward the hinge where the shell sections join.

    There are lots of ways to cook mussels, but here’s a simple one that is quick and does not require a recipe or measuring. Sauté some regular or green onions with shallots, garlic and/or celery in a little oil until wilted but not browned. Add some canned tomatoes and a small amount of broth or red or white wine.

    After a couple of minutes, add the cleaned mussels and herbs like thyme or basil. Cook just until the mussels open, showing they are done, which takes only about five minutes. Serve over pasta or rice or with crusty bread to sop up the broth, accompanied by a simple salad.

    Or expand this idea by serving the mussels in a classic dish like bouillabaisse or paella, adding other seafood and vegetables. The key is to watch mussels carefully as they cook, since overcooking will make them tough.

    Q: Are the dates on food packages important for food safety or just suggestions for best quality?

    These dates — “best by,” “sell by” and “use by” — mean different things and often are not required by federal law to be on the package. Most dates you see on food packages are not related to food safety; they tell you how long the product stays at peak quality. Those foods are safe and useable beyond those dates.

    However, there are some important exceptions: Meat and poultry are labeled with “sell by” dates that are related to food safety. They should be cooked or frozen within two days after the sell-by date on the package.

    Eggs may or may not have a “sell by” date, depending on state laws. Buy eggs before the date limit and use them within three to five weeks of purchase. As long as you store them properly — in their original carton and in the coldest part of the refrigerator (not the door) — even if the “sell-by” date expires during that time, the eggs are quite safe.

    Infant formula and many baby foods are required to carry “use by” dates, which reflect quality as well as nutrient retention. For example, if stored too long, formula can separate and clog the nipple. Don’t buy or use baby formula or baby food after its “use-by” date.

    Of course, if foods are mishandled, bacteria can grow and cause foodborne illness regardless of the date on the package. For example, if cold cuts were left at room temperature more than two hours, they wouldn’t be safe even if the date had not expired.

    Q: Is it true that a woman’s weight affects her tendency for hot flashes and night sweats during menopause?

    The causes of night sweats and hot flashes in the years surrounding menopause are still not completely understood. Women who are more overweight seem to be more likely to have moderate or severe hot flashes, according to a few population studies.

    There’s also limited research linking weight gain and lower levels of physical activity to hot flashes. A study that followed 1,659 midlife women for four years showed that gains in body fat were associated with greater odds of hot flashes, even after adjusting for a variety of menopausal factors and hormone levels. Night sweats, however, were not related to body fat changes in this study.

    Considering that a landmark report on diet and cancer risk by the American Institute for Cancer Research concluded that obesity increases risk of postmenopausal breast cancer, there’s plenty of reason to take action if you see increases on the scale, waist measure or pants size. You can usually stop weight gain with simple steps like reducing daily food and drink choices by 100 or 200 calories and adding an extra 15 or 20 minutes of walking or other moderate activity to your current average.

    (This article was provided by the American Institute for Cancer Research in Washington, D.C. A registered dietician is available to respond to questions about diet, nutrition, and cancer at the free AICR Hotline at 1 (800) 843-8114 during business hours.)

    From the RSS feed of CalorieLab News (REF3076322B7)

    Karen Collins on mussels, use-by dates and weight and menopause

  • Apple Looking to Have Record iPhone Quarter: Report

    According to information gathered from parts suppliers for Apple’s iPhone 3GS, the handset is headed for a record quarter. Apple’s Taiwanese suppliers for the iPhone’s components have reported a 31 percent increase in volume of orders placed for the parts, which should indicate a very healthy spike in sales of the smartphone.

    The report comes via Taiwan’s online tech industry publication, the DigiTimes, which has provided ample fuel for the rumor fire regarding various Apple devices in the past, as well as reporting on Apple’s business outlook. In the second quarter, the iPhone sold 7.4 million worldwide, but if DigiTimes’ information is accurate, total sales for the third quarter, which end in December for the Mac maker, could reach the 10 million mark.

    Numbers are up all across the smartphone component supply industry, but according to information gathered by the Taipei-based market Intelligence & Consulting Institute (MIC), much of that increase is due to Apple’s strong sales. Which isn’t to say that Apple’s competitors aren’t having any luck challenging its market dominance, according to MIC analyst Edward Lin:

    Samsung is currently the largest supplier in the market, as it supplies for the Apple iPhone series models. However, TI, which has exited from the baseband business and now focuses on AP development, has rolled out the OMAP 3430 series, which adopts the Cortex A8 architecture and features a clock speed of 1GHz. This offers processor options other than Qualcomm, enabling terminal vendors to pair together different communications systems, and it has been well received by many brand-name vendors, such as HTC, Palm, etc. As a result, TI’s share in the Taiwanese smartphone AP market increased in the third quarter of 2009.

    The ability to use different wireless communication standards is something that’s recently come up in rumors surrounding Apple’s next-generation device, and it looks like that rumor is well in keeping with the pulse of the industry at large. Perhaps it isn’t so far-fetched to imagine that the next iPhone could use both GSM- and CDMA-based networks, allowing it to be offered on Verizon in the U.S. Of course, then some of Apple’s commercials would become factually incorrect.

    Regardless of what’s coming, third-quarter sales of 10 million is a huge win for Cupertino. Looking at recent developments, its easy to spot the source of this late-game success. Apple has opened up sales of its device to many more carriers at the international level, expanding into new territory in the UK, Canada and France, to name a few. It’s also finally gained official access to the massive Chinese market, which paves the way for a lot of potential success, despite early setbacks.


  • Internet Society Makes Donation to W3C

    ISOC (Internet Society) has recently announced a $2.5 million donation to the W3C (World Wide Web Consortium) that will span across a period of three years, helping the organization with its recent struggles in restructuring its working groups. The donation was announced on December 11, 2009 in a joint press release.

    Famous for its Internet Engineering Task Force (IETF), the ISOC has announced a firm position alongside the W3C in its efforts to bring more complete development standards to an erratic Internet. ISOC, a renowned leader itself in Internet standards, has managed and successfully contributed in developing standard suites like SMTP (Simple MailTransfer Protocol), the Domain Name System (DNS) and the TCP/IP internet/networking protocol suite.

    On the other hand, even if not as old as the ISOC, the W3C is responsible for some protocols like HTTP (Hypertext Transfer Protocol), HTML (HyperText Markup Language) and SOAP (Simple Object Access Protocol).

    “ISOC and W3C have worked together for years in a number of areas, and have deeply shared values about the Internet’s development,” said Lynn St. Amour, President and CEO of the Internet Society. “Our support to the W3C in their transition efforts demonstrates ISOC’s commitment to ensuring the Internet continues to be an open, global platform for… (read more)

  • Sigh. Gran Turismo 5 reportedly shooting for Summer 2010 release

    Filed under:

    The release date for Gran Turismo 5 hops around so much we’re going to call the game The Flea from now on. From a couple of dates late this year to early next year in Japan to possibly, maybe, potentially a Summer release for the U.S. It’s not that we can’t keep up anymore — we might just be tired of trying.

    That summer date for our shores isn’t even set: the folks at Sony are “eying” that window. Back in September Polyphony Digital head Kazunori Yamauchi said “I don’t think it’s going to be that different for U.S. and Europe” to get the game around the same time as Japan. Apparently the marketing department, which was given as the reason for the delay, remains deep in “discussing their issues.”

    We have but one issue: it’s hard to keep hanging on for the supposed Second Coming (or is that Third? Fifth?) of driving games when the “Coming” part refuses to happen. And we sure hope they’re working on GT6, because at this rate we’re going to be buying that game with our Social Security check.

    Gallery: Gran Turismo 5

    [Source: Joystiq]

    Sigh. Gran Turismo 5 reportedly shooting for Summer 2010 release originally appeared on Autoblog on Mon, 14 Dec 2009 10:01:00 EST. Please see our terms for use of feeds.

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  • Microsoft DRM Locks You Out Of Your Own Documents

    In case you haven’t been paying attention, there’s yet to be a good reason put forth for using DRM that I can remember. We’ve seen over and over again how DRM seems to interfere with legitimate actions, but does nothing at all to slow down “pirates.” Slashdot points to a rather scary situations for those who used Microsoft Office 2003 to DRM certain documents for their own use. Apparently, a screwup on the part of Microsoft (oops) means that many people got locked out of their own documents. Basically, Microsoft let a certificate expire, and that’s made life difficult for lots and lots of people. So what good is DRM again?

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  • Europe getting Final Fantasy XIII Limited Collector’s Edition

    Seems like Europe’s getting quite a few limited editions these days. There was that Death Edition Dante’s Inferno pack yesterday, and now we’re hearing talk about

  • Climategate: Tempest in a Teapot — or a Tea Bagger Special?

    It has taken decades of effort, the investment of tens of millions in research dollars, and the dedication of some of the brightest minds around the globe to collect, sift through and analyze the scientific evidence, which establishes a link between the change in the climate and man-made emissions of greenhouse gases.  But in an age driven by the 24-hour news cycle, declining standards of journalism and point-counterpoint segments in which the truth is “debated,” a single email stolen from the files of a little-known but highly respected group of climate researchers places all of that work in jeopardy. 


    It has been three weeks since we first learned that hackers stole over 1,000 emails from the files of the University of East Anglia’s Climate Research Center (CRU).  In the days immediately following the theft, global warming doubters raced to media outlets and began crowing that the emails demonstrate the existence of a global conspiracy among politically motivated climate scientists to push their agenda.  Sen. James Inhofe (R-Okla.) announced he would probe whether the U.N.’s Intergovernmental Panel on Climate Change “cooked the science to make this thing look as if the science was settled, when all the time of course we knew it was not.”  Even Sarah Palin got into the act, penning an editorial for the Washington Post in which she calls upon President Obama to reconsider attending the Copenhagen Conference of the Parties, given that “leading climate scientists deliberately destroyed records to block information requests, manipulated data to ‘hide the decline’ in global temperatures, and conspired to silence the critics of man-made global warming.”

    Based on these sound bites from Palin, Inhofe and other climate change doubters, you probably assume that the massive trove of stolen emails must contain at least one smoking gun, one unambiguous email in which a climate change expert admits “we got it all wrong.”  Au contraire

    Climate change doubters point to a 1999 email from CRU scientist Phil Jones in which he states the following regarding his attempt to reconcile data in his own study with data from a Penn State study by Michael Mann, published in Nature: “I’ve just completed Mike’s Nature trick of adding in the real temps to each series for the last 20 years and from 1961 for Keith’s to hide the decline.”  The “decline” Jones is referring to is that if one uses tree-ring density to estimate temperatures, the resulting data inexplicably show that temperatures have declined since the 1960s, when in fact we know from meteorological data that temperatures have increased.  Climate change doubters take Jones’ poor word choices (“trick” and “hide”) out of context and claim that he was engaged in “cooking the science.”  According to Michael Mann, however, the statistical “trick” referred to is replacing the tree ring-based temperature estimates with actual data on ambient air temperatures — an analytical technique that has been openly discussed in scientific journals for over a decade. 

    Climate change doubters also point to an email exchange between CRU’s Jones and Penn State’s Mann in which they vow to keep two anti-climate change papers out of an assessment by the Intergovernmental Panel on Climate Change and another email exchange in which they consider urging colleagues not to submit papers to a journal that publishes submissions from climate change skeptics.  (Apparently, they contemplated boycotting the offending journal because it had published a study later determined to have been underwritten by the American Petroleum Institute.)  Certainly, such attempts at scientific censorship are unwise.  That said, it hardly amounts to evidence of a global climate change conspiracy.

    Indeed, nothing in the stolen emails undermines the evidence that the climate is changing and that the change is due in part to man-made GHG emissions.  The evidence demonstrating that CO2 levels have risen since the start of the industrial revolution and that man is the source of increasing CO2 levels over that period can no longer be seriously disputed.  The various impacts of that change in atmospheric CO2 levels are well-documented and need not be repeated here.  But as to the public’s belief in climate change and man’s contribution to that change — that is waning.  The polls make this clear: according to a recent poll, over half of Americans believe that there remains significant disagreement among scientists over global warming.  Tellingly, 84% of Americans believe it is likely that some scientists have falsified data to support their theories on global warming.  Clearly, the climate change doubters’ promotion of Climategate is having an effect — one which may well doom the chances of passing climate change legislation in 2010.  I sincerely hope that the media begins to expose the truth behind Climategate: it is a tempest in the teapot, exploited by tea baggers and those who stand to lose business, not evidence of a conspiracy or evidence that global warming isn’t occurring.

  • Los Angeles Going Google Starting Today

    Google is making some progress in promoting its Apps suite and has recently scored a major win, at least in mind share, by convincing the city of Los Angeles to “go Google.” Now the company is announcing that the switch to Google Apps has already begun and, by the time its done, 34,000 city employees will be using the suite.

    “Starting today, Los Angeles will be equipping 34,000 city employees with Google Apps for email and collaboration in the cloud,” Matt Glotzbach, Product Management director, Google Enterprise wrote.

    “The story of Los Angeles moving to Google Apps started early this year, when the city’s Chief Technology Officer, Randi Levin, and her team at the Information Technology Agency (ITA) looked to replace their aging, on-premise system with more secure, productivity-focused technology. After calling for proposals and carefully evaluating over 14 different ones, Randi and the ITA decided to revamp the city government’s email technology by adopting Google Apps.”

    Google says the move will improve the email system’s reliability and security by switching from the current ‘server in the basement’ approach to Google’s vast data centers. Of course, part of the Apps suite, employees will now have access to more than just email enabling collaboration and sharing… (read more)

  • 10 American Industries That Will Be Destroyed In The Next Decade

    semiconductor computer chip silicon

    The last decade saw the obsolescence of several technologies that once seemed cutting edge or permanent.

    Of course, the gales of creative destruction aren't slowing down. The next decade will see all kinds of upheaval and violent change.

    Last week The Bureau of Labor Statistics published an interesting study about the way employment will change over the next several years.

    It specifically identified 10 American industries that will see the biggest declines in employment between the years 2008-2018. Some are surprising, and others are industries that have long been due to die.

    See the industries you want to avoid >>

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  • How Asia Makes The U.S. Look Like A Third World Country

    hk

    Sorry to say it, but in many ways traveling back to the U.S. these days feels like you're entering a third world country.

    You fly back to America and you think, "Where are the bullet trains, automated customs, and man-made snowstorms?"

    While America definitely had an early lead with allegedly important breakthroughs such as the computer, car, airplane, and internet, Asia has been far better at actually implementing new technology and ideas.

    Here are just a few examples...

    See how Asia makes the U.S. look like a third-world country >>>

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  • US Auto Sales Will Creep Back In 2010, Says Edmunds–Especially Hybrids

    Honda Cars

    Edmunds.com predicts that 11.5 million cars and light trucks will be purchased in the U.S. next year, an increase from an expected 10.3 million in 2009 and good news after a September lull.

    GreenCarCongress.com: Edmunds.com analysts also predict that about 3.2% of 2010 sales will be hybrids, about 2.2% will be diesel and less than one percent will be electric. In 2009, hybrid market share will be approximately 2.8%. Edmunds.com anticipates a continued increase at the rate of about half a percentage per year for the foreseeable future.

    Continue reading here

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  • REPORT: Despite selling off old bits to BAIC, Saab brand still in search of buyer

    Filed under: , , , ,

    2010 Saab 9-5 – click above for high-res image gallery

    Here’s a little bit more on the salvation/debacle of Saab. First of all, it should be pointed out that after our last report about Holland’s Spyker trying to buy Saab, the freaks lovely people over at Saabs United pointed out some gaping holes in our reporting an inconsistency or two with the Reuters/our version of the facts. As such, we’ve gone ahead and vetted the information we’re using for this post with the brain trust over at Saabs United. Hey, they really like Saabs, what can we say? And now, on to the story.

    Automotive News
    is reporting that China’s Beijing Automotive Industry Holding Company (BAIC) has reached a deal with General Motors to acquire the tooling for both the Saab 9-3 and 9-5. Not so fast, says Saab’s United! What they actually acquired is the tooling for the old 9-5, as well as the stuff for the pre-2006 9-3. Sort of a big difference, as obviously Saab’s just getting geared up to roll out the all new 9-5 – and whomever winds up buying Saab will most likely want to offer both it and the existing 9-3 and its derivatives. Spyker’s CEO Victor Muller confirms the BAIC deal is for “old equipment” and goes on to characterize the BAIC deal as, “Good news.”

    Then there’s a bunch of no commenting. Obviously, General Motors has no comment on anything, though they do say that once a deal is reached they will say something. As far as we can tell, the pending Spyker deal is still a definite maybe. BAIC could not be reached to make a “no comment,” and Saab’s Eric Geer’s stated, “We can’t comment on anything about the sales process.” Though our Saabs United source does provide us with a juicy tidbit, “[Geer’s] wife is Saab’s head legal counsel so he’s like the canary in the coal mine. If he ever resigns suddenly…”

    So there you have it – Saab’s future is still totally up in the air. Though our source says that in addition to the 9-5 sedan, there’s a 9-5 wagon (SportCombi) that’s “pretty much ready to go” as well as the 9-4x which has, “been ready for about a year but Caddy had to get the SRX out first.” Plus, a new 9-3 is being worked on. And one more thing – Saabs United is reporting that a Swedish group (not Renco) is also in talks with GM, in addition to the Spyker deal. We’ll keep you posted.

    [Source: Automotive News – subs req. | Saabs United]

    REPORT: Despite selling off old bits to BAIC, Saab brand still in search of buyer originally appeared on Autoblog on Mon, 14 Dec 2009 09:28:00 EST. Please see our terms for use of feeds.

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  • United States Natural Gas Explodes Higher On Exxon Optimism

    United States Natural Gas (UNG) is breaking above it’s one month high in the pre-market, currently up over 4% at $9.96. Exxon’s announced acquisition in XTO is surely a long-term vote of confidence in U.S. natural gas. Hopefully not too long-term, for the sake of UNG holders, since UNG only invests in the nearest-term natural gas contract.

    ung

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  • Goldman Sachs Joins The First-Half-Up, Second-Half-Down Club

    The outlook for 2010 is so consistent, it’s like there’s no reason to even play it out.

    Everyone and their mother seems to think that the first half will be good and the second half will go sour, as markets react to (take your pick of) sovereign debt risks, rising rates, and sluggish GDP growth.

    RBC just came out with such a call.

    Goldman is saying the same thing.

    In its weekly strategy call for clients, the firm sees a first-half rally then a second-half selloff.

    We anticipate a rally to 1300 in 1H; and a fade to 1250 by year-end. During
    the first half of 2010, we anticipate S&P 500 may rise towards 1300, a level
    last experienced during summer 2008. Sustained low interest rates will
    benefit risk assets. Cyclical sectors such as Information Technology, Energy
    and Materials should outperform. Strong growth in the BRICs will persist as
    the major macroeconomic theme <GSTHBRIC>. Firms with high operating
    leverage should also perform strongly <GSTHOPHI>. Investor risk is to be
    underweight beta. We feature a basket of the highest Sharpe ratio trades for
    the next six months <GSTHSHRP>. Risk to our view is Fed tightens sooner
    than we expect. 

    The following charts give some idea of what the bank is calling for:

    goldmanreport

    goldmanreportgoldmanreport

    goldmanreport

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  • Oracle Makes a Public Commitment to MySQL

    MySQL’s future is very uncertain at this point after Oracle made a bid to acquire Sun Microsystems which owns the database system. The deal is still waiting for approval from regulators in the EU which are debating weather and how the acquisition will affect the database market in which Oracle has a very strong presence and where the free MySQL has been making inroads especially at the lower end, cutting into Oracle’s bottom line.

    Now, MySQL’s creator, Michael “Monty” Widenius, is stepping up his disapproval of the deal and is urging people to make their voices heard by contacting the European Commission (EC). Oracle has responded with a public statement committing to keeping MySQL open source, as well as making other assurances to the customers and the EC.

    “I, Michael “Monty” Widenius, the creator of MySQL, is asking you urgently to help save MySQL from Oracle’s clutches. Without your immediate help Oracle might get to own MySQL any day now. By writing to the European Commission (EC) you can support this cause and help secure the future development of the product MySQL as an Open Source project,” MySQL’s creator wrote.

    He is adamant that, if things go ahead in their current form, MySQL’s future isn’t guaranteed and that Oracle will effectively kill the project by not committing to it o… (read more)