Author: Serkadis

Looking for new information on the next patch for MAG? Jeremy Dunham’s got you covered on that as he posted a telling comment over at their official forums. More specificially, that there will be information arriving next

Danica Patrick landed 23rd out of 24 spots in the Indianapolis 500 Qualifying Race.

Danica Patrick, wearing a lime green and black GoDaddy.com No. 7, qualified 23rd with a four-lap average of 224.217 mph on Saturday. She is IndyCar’s most popular and visible driver. This is her sixth attempt at the Indianapolis 500 race.

During the race, things didn’t go really well for Danica Patrick. She was shaking after the race and she had to fight back tears after getting booed by the public.

“I was shaking for minutes after I got out of the car,” Patrick said after the race on Saturday. “I know a lot of people are saying they’re loose, and I’m sure they are for sure, but this is such an uncomfortable imbalance.”

During the public-address program broadcast, fans showed their displeasure when Patrick seem to blame her team for the qualifying setup that didn’t go well. “I say one confident thing out there, that it’s not me, and everybody boos me,” she said. “I don’t know, maybe they were booing me before, but some of them were probably cheering for me before. I’m not a different driver than I was five years ago.”

No related posts.

The Indy 500 qualifying race had a new format for this year and it has more excitement at the Indianapolis Motor Speedway.

The 37 car-driver combinations have two days to qualify for this year’s Indianapolis 500 race. 24 out of 33 drivers are already qualified on Saturday.

Here are the qualifiers for next weekends Indy 500 race:
(from 12new.us)

1. Hélio Castroneves – Team Penske – 227.970 mph (367 km/h)
2. Will Power – Team Penske – 227.578 mph (366 km/h)
3. Dario Franchitti – Chip Ganassi Racing – 226.990 mph (365 km/h)
4. Ryan Briscoe – Team Penske – 226.554 mph (365 km/h)
5. Alex Tagliani – FAZZT Race Team – 226.390 mph (364 km/h)
6. Scott Dixon – Chip Ganassi Racing – 226.233 mph (364 km/h)
7. Graham Rahal – Rahal Letterman Racing – 225.519 mph (363 km/h)
8. Ed Carpenter – Panther Racing – 224.507 mph (361 km/h)
9. Hideki Mutoh – Newman/Haas Racing – 223.487 mph (360 km/h)
10. Townsend Bell – Sam Schmidt Motorsports – 225.097 mph (362 km/h)
11. Justin Wilson – Dreyer & Reinbold Racing – 225.050 mph (362 km/h)
12. Raphael Matos – De Ferran Dragon Racing – 225.028 mph (362 km/h)
13. Mario Moraes KV – Racing Technology – 224.888 mph (362 km/h)
14. Davey Hamilton – De Ferran Dragon Racing – 224.852 mph (362 km/h)
15. Mike Conway – Dreyer & Reinbold Racing – 224.583 mph (361 km/h)
16. Marco Andretti – Andretti Autosport – 224.575 mph (361 km/h)
17. Ryan Hunter-Reay – Andretti Autosport – 224.547 mph (361 km/h)
18. Dan Wheldon – Panther Racing – 224.464 mph (361 km/h)
19. E.J. Viso – KV Racing Technology – 224.380 mph (361 km/h)
20. Tomas Scheckter – Dreyer & Reinbold Racing – 224.261 mph (361 km/h)
21. Ana Beatriz – Dreyer & Reinbold Racing – 224.243 mph (361 km/h)
22. Simona De Silvestro – HVM Racing – 224.228 mph (361 km/h)
23. Danica Patrick – Andretti Autosport – 224.217 mph (361 km/h)
24. Bertrand Baguette – Conquest Racing

The next qualifying round will be on Sunday, the Bump day that will fill the nine spots left.

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Everyone seems to want to ge integrated with Facebook. Blur is one of them, and for the firs time, we’re catching a glimpse of how it will look like.
 
 
 
 
 

Are you ready for the fourth boxing bout of Rafael Marquez and Israel Vazquez? Watch Marquez vs Vasquez 4 live stream online!

Get ready for another action and exciting fight between great boxers Rafael Marquez and Israel Vasquez. Their fourth fight will be held live from the Staples Center in Los Angeles, on Saturday, May 22.

Marquez and Varquez will fight for 12 rounds in the main event of the “Once And Four All” boxing game. Yonnhy Perez will defend his IBF Bantamweight World title against Abner Mares in the undercard bout.

The first bout of Marquez and Vasquez took place on March 3, 2007, the second happened on Aug. 4, 2007, and their third bout took last March 1, 2008. Vazquez is leading the epic series with 2-1. After more than two years, they will face each other again and the boxing community is excited to see who will win.

Another epic battle between Marquez vs Vazquez will take place so everyone should be watching. Who do you think will win?

Don’t miss this great fight between two great boxers as they collide for the fourth time. Watch Marquez vs Vasquez 4 live stream.

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To increase sales and expand Mazda’s market share in China, the carmaker is considering a plan to enter a new joint venture with its Chinese partner FAW Group. In 2003, Mazda first stepped into the Chinese market with its Mazda 6 via a technical cooperation with FAW.

However, media reports now say that Mazda has blamed its minor role in the partnership for limiting its development in China in the past few years. In addition, Mazda also has a venture with Ford Motor and Chongqing Changan Automobile in which it holds a 15% stake. Mazda has revealed that it seeks to split the three-way tie-up and instead form a 50-50 joint venture with Changan. This move comes as no surprise after Ford cut its stake in Mazda globally. An insider source has told the Shanghai Daily that a restructuring proposal that seeks to improve the efficiency of Mazda’s venture and strengthen its Chinese business has been submitted to the government.

[via just-auto – sub. required]

Source: Car news, Car reviews, Spy shots

Chrysler Group is keeping score of arbitration rulings. So far, the carmaker has had eight wins and only one loss. The decisions for the latest three wins were handed down very recently.

These cases involved the following dealerships: Hinckley Dodge in Ogden, Utah (which only sold Dodge); Tenafly Chrysler Jeep in Tenafly, N.J.; and Midway Motors in Framingham, Mass (which sold Chrysler and Jeep). Hinckley and Midway competed with Project Genesis stores nearby while Genesis stores carried all four Chrysler brands. The company’s goal is to convert its entire dealer network to Genesis dealerships by the end of 2011. In a statement, Chrysler revealed that during the arbitration hearings, it gave evidence illustrating that it used “sound business judgment” in restructuring its dealer network. In the Hinckley case, the arbitrator gave much weight to Chrysler’s Genesis strategy. In the May 17 decision, arbitrator Robert M. Anderson said that Chrysler will organize the Ogden marketplace in a way that “more closely coincides with its plan to implement Genesis.”

[via autonews – sub. required]

Source: Car news, Car reviews, Spy shots

Blackpool Football Club’s victory guarantees them the biggest windfall in global sport from the outcome of a single event: £95m, and possibly more. A prize that exceeded any previous prizes on offer to a team or individual from a football match, including the Champions League final or World Cup final, any boxing match, horse race, golf tournament or tennis event, or any single event in the major sports in America, home to four of the world’s richest sports leagues.

The £95m-plus is new, extra income that Blackpool Football Club will generate in the coming seasons as a result of winning at Wembley. Had they lost, nothing will be guaranteed on them: that is now Cardiff’s fate, although the finalists seconded that the losers would receive 100% of the gate receipts.

Blackpool Football Club will generate at least £40m from central Premier League funds next season, even if they finish bottom and are demoted. The bottom club this season, Portsmouth, had revenue of £31.8m in 2009-10, but new TV deals covering 2010-13 kick in this summer. Premier League sources expect the bottom club’s central funds income to be £40m-plus in the followingseason.

If Blackpool Football Club are demoted right away, they will earn another £48m in parachute payments over the next four seasons, broken down into £16m in years one and two after relegation, and £8m in years three and four. So that’s £88m guaranteed from Premier League central funds, in the worse-case scenario.

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The English actress, Gemma Arterton, says she is no Disney princess material. During her interview at Cover Fashion, she stated that she could not believe how expensive her costumes are in the movie, Prince of Persia: Sands of Time. She even said that these costumes were more expensive than her house because they were hand-embroidered with gold thread.

Princess Tamina is played by Arterton in the movie together with Jake Gyllenhaal who plays Dastin. Princess Tamina in the move is graceful, soulful and spiritual, and this would be a challenge for Arterton. Why? Because she is a Tomboy! She likes joking around with men as much as discussing the latest beauty regimes with women. But she still has the feminine side of her. She loves clothes and she even likes to spend a lot over them and she always likes to look nice. “I muck about and I’m not very girlie and precious,” she told Look magazine. “But I like clothes and I’m a girl’s girl. I’m feisty and like to speak my mind.”

Arterton appeared as Rosaline in Shakespeare’s Love’s Labour’s Lost at the Globe Theatre in July 2007. She also appeared in the James Bond movie, “Quantum of Solace” whereby, she was chosen among 1500 candidates to be Strawberry Fields. Arterton is the face of Avon Bonds’ Girl 007 fragrance which was launched in October 2008. She even appeared in many advertisements that made her a star. She appeared in the latest film Clash of the Titans where she played Io, a mythological character.

Do you know that Gemma Arterton has a tattoo? Yes, she has an angel wing tattoo behind her left ear.

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Via UFO Casebook News Feed

Unknown Flying Object Caught on Photo – New Brunswick, GB

Via UFO Casebook News Feed

VIDEO: UFO Spotted over Belfast Sky

Android 2.2 Froyo Manual Update for Nexus was discovered! This is breaking news as the Android 2.2 Froyo Manual Update for Nexus was discovered in an effort and detective works of the guys at XDA-Developers.com. The safe way to have your Nexus One updated to Android 2.2 froyo is to wait for your phone to alert you that the over the air update is available, but if you just can’t bear to be without the latest and greatest, you can follow the instructions found on Android Central to apply the update manually.

See more of Android 2.2 Froyo Manual Update for Nexus!

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The recent announcement and presentation of ‘Google TV‘ may pose a significant turn for the TV industry. And no wonder considering that this new initiative of “Smart TV” could seriously threaten the traditional concept of television today.

Certainly, Google’s strategic moves always maintain a common goal. In addition to innovate and bring new services exploiting the available technological resources, is no doubt that with this new “evolutionary step,” Google aims to further strengthen its dominant position in the advertising market, plunged into the conquest of television advertising. A sector which currently maintains an investment of 70,000 million dollars.

During his presentation at a conference in San Francisco, made it clear the impact of this new television, referring to it as “new platform that will change the future of television.”

Recently we addressed this issue, stating that Internet advertising and absorb the future of television and so we came to the conclusion that “the Internet will be the means” and not the television will become an element of a digital media multi ”audiovisual” which also will join the rest of traditional media.

With Google TV, the concept of “television” will acquire a new dimension with the multiple applications and new capabilities that will have through this new platform built on the Android OS to “combine the best of television and the Internet” and from the which would be born “true video on demand.”

The success or failure of this new initiative could condition and determine the future market of traditional television advertising. And this new TV concept opens up new possibilities for brands and advertisers to reach audiences with new formats and viewers and advertising strategies and new business models related to the contents of payment. A new opportunity for the film industry and the producers that could offer viewers the opportunity to access all types of videos or on-demand content.

In this sense, television advertising through this new platform would combine the traditional elements with the multimedia features of the medium internet. Imagine for example a cut advertising where ads require or suggest to our interaction and participation, or the opportunity to decide what kind of ads we want to see during commercial breaks.

So far we have to wait to see the evolution and developments but it is certain that the “intelligent television” could change the concept of traditional television advertising.

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2. Android OS Now To Feature On TV – Sony, Intel, Logitech Partners
3. Nexus One could appear on global market

NASCAR All-Star race 2010 will take place at Charlotte Motor Speedway on May 22, 2010 at 9:00 EST. NASCAR All-Star race 2010 is held on the 1.5 mile superspeedway with drivers and the teams. And the winners of this match will take home $1millions.

The winner of NASCAR all-star 2009, Tony Stewart is included among the favorite of 2010 winner. The other five winners Kasey Kahne, Jimmie Johnson, Mark Martin, Kevin Harvick and Matt Kenseth have also chances to win the NASCAR all-star race. Jeff Gordon won three times whereas Mark Martin and Jimmie Johnson each have won twice.

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Everywhere there are arguments that we are in a “V”-shaped recovery. And there are signs that in fact that is the case. Today we will look at some of those, and then take up the topic of when the Fed will raise rates. We open the case and look at the evidence. Is there enough to come to a real conviction? I think there is. (And at the end of the letter I mention two conferences I am speaking at in the next few months, in Vancouver and San Francisco.)

Employment Is Turning the Corner

There is a little-known employment report that the BLS (Bureau of Labor Statistics) releases late in the month that is a summary of the employment reports from the 50 states. Of late, this number has been higher than the federal government survey. Adding the states together, we find that 412,200 jobs (non-seasonally adjusted) were created in April, higher than the establishment survey (which for whatever reason gets the headlines) and more in line with the household survey, which showed an employment gain of 550,000 (seasonally adjusted).

I think it is well established by now that I am not a fan of the birth/death employment estimates in the establishment survey. That is where the BLS estimates the number of new jobs created by the birth or death of new businesses. It is often a significant portion of the jobs survey and it is a seasonally adjusted guess. There really is no alternative but to make this estimate, but at the beginnings of recessions it always overestimates the number of jobs, and at the beginnings of recoveries it will underestimate them.

Remember the “jobless recovery” of 2002-2004? Eventually (several years later) the BLS gets hard data from tax and other sources and goes back and revises the employment numbers. No one cares, because it is “old news.” But we can now look back and see the jobless recovery we thought we were in was not all that bad. The birth/death estimates decidedly understated the growth that was going on at the time.

That may be the case now, too. The much stronger state and household surveys suggest that we *may* be at the beginning of a labor recovery that will be understated by the establishment survey, as the birth/death model just won’t catch that growth. If this pattern continues for the next few months, I think we should begin to pay more attention to the state and households surveys. Let’s hope it does.

That being said, the level of reported increases is not showing up in the income tax reports. There may be several reasons for that, one of which is that people are going back to work for less money and thus paying less taxes. And that would make sense, as there are now five out of work people seeking jobs for every job opening. The employers have the negotiating power.

Businesses are cautiously building inventories and bringing people back to work. Sales-to-inventory levels are not out of line and suggest we may see more inventory building this quarter, which will directly help boost GDP. Retail sales growth is modest by previous recovery standards, but there is at least growth.

The Headwinds of Money Supply

 But (and you knew there would be a but coming), there are some headwinds we need to deal with before we can sound the all-clear horn. First, growth in the money supply is slowing. Let’s look at the measure of money supply called MZM, or Money of Zero Maturity. Notice it was flat for well over a year and actually down the last two months.

A broader measure of money is M2.  Notice that it too has flat-lined for well over a year. If we look at the last 30 years, there is nothing you can see in the chart that even comes close to this.

I don’t have access to a graph of M3, though it is still produced by several groups (the Fed stopped several years ago), but that chart would show that even M3 has gone negative. Remember the conspiracy guys who thought the Fed stopped reporting M3 because they thought the Fed wanted to hide the fat that it was going to increase the money supply by large amounts and destroy the dollar? Hardly. The economists at the Fed simply felt for a number of very public reasons that M3 doesn’t have any real meaning any more. They have a strong case, although I never understood why they just didn’t go ahead and keep publishing it anyway. It was just a few computers programs. But what do I know?

Now, notice that with both graphs you see a large increase beginning in the middle of 2008 as the Fed pumped the money supply in order to inject liquidity into the system. This was basically the $1.25 trillion purchase of mortgages, but toward the end even that was not boosting the money supply as much as it did in the beginning. Why? Partially, because of the following graph.

This shows total commercial lending at US banks. It is down almost 25% in less than a year and a half. Notice that in the last recession commercial lending dropped by “only” 18% in 3.5 years.

Lending to consumers is also down in a similar fashion. Notice that money supply begins to go flat in 2009, just a little after bank lending dried up.

Remember our old friend the equation that GDP is equal to the money supply times the velocity of money (GDP=MV)? If GDP is growing and the money supply is slowing, that means the velocity of money is starting to turn back up. That would be a good thing, but we must be somewhat cautious, in that the velocity of money is mean reverting over time, and it is still well above its mean. If it started to once again slow down, as it has for several years now with the current slow or no growth in the money supply, that would not be good for GDP growth.

As a practical matter, that means the Fed will not be reducing its mortgage holdings any time soon. They will wait until it is obvious that a recovery is firmly entrenched. I don’t see how they can risk reducing the money supply any more than they already have, especially given the next few charts.

Who Stole the Inflation?

Inflation just isn’t what it used to be. Core inflation is basically flat over the last year. We haven’t seen that since the ’50s. Since the beginning of 2009 it is only up around 0.1%.

About five years ago, the Dallas Fed developed a new methodology for measuring inflation, called the Trimmed Mean PCE. It was developed by Dallas Fed economist Jim Dolmas.

Dolmas notes (quite correctly, I think) that to exclude food and energy, just because they are volatile, ignores that other quite volatile measures of inflation are still left in. Further, energy and food inflation do have meaning in the real world.

What Dolmas does is use a statistical device called “trimming.” From the field of statistics, trim analysis borrows the idea of ignoring a few “outliers.” A trimmed mean, for example, is calculated by discarding a certain number of lowest and highest values and then computing the mean of those that remain.

How accurate is his measure? Dolmas suggests it is a lot more accurate: “That is to say, compared to the usual … measure, on average the monthly Trimmed mean measure would be expected to come closer to true monthly core inflation by roughly .75 of a percentage point, when the inflation rates are expressed in annual terms.” That is huge, at least in my book, especially when we look at how great the difference is with the Fed’s favorite methodology.

In 2006, the trimmed-inflation methodology suggested the core inflation was understating inflation. Today, the same methodology suggests that core inflation is overstating inflation. Look at the tables below, which were last updated in March. The trends in inflation are clearly down, and when the April data comes out it will be down again.

My good friend David Rosenberg pointed out this morning a new study by the Cleveland Fed on inflation, which concludes that: (i) the decline in recent months has transcended the housing effect; and, (ii) the principal risk is for a further slowing. Treasury yields are likely headed even lower. The title of the report is Are Some Prices in the CPI More Forward Looking Than Others? We Think So, by Michael F. Bryan and Brent Meyer. It’s well worth a read. ( http://www.clevelandfed.org/Research/commentary/2010/2010-2.cfm)

“Abstract: Some of the items that make up the Consumer Price Index change prices frequently, while others are slow to change. We explored whether these two sets of prices – sticky and flexible – provide insight on different aspects of the inflation process. We found that sticky prices appear to incorporate expectations about future inflation to a greater degree than prices that change on a frequent basis, while flexible prices respond more powerfully to economic conditions-economic slack. Importantly, our sticky-price measure seems to contain a component of inflation expectations, and that component may be useful when trying to gauge where inflation is heading.

“Conclusion: Where is inflation heading? Well, the last FOMC statement held the view that ‘inflation is likely to be subdued for some time.’ We certainly don’t have reason to question that outlook. Indeed, while the recent trend in the core flexible CPI has risen some recently (it’s up 3.3 percent over the past 12 months ending in March) the trend in the core sticky-price CPI continues to decline. Even excluding shelter, the 12-month growth rate in the core sticky CPI has fallen 1.1 percentage points since December 2008, down to 1.8 percent in March. So on the basis of these cuts of the CPI, we think ‘subdued for some time’ sums up the price trends nicely.”

And speaking of the latest minutes from the last Fed meeting, which came out this week, let’s review a paragraph.

“In light of stable longer-term inflation expectations and the likely continuation of substantial resource slack, policymakers anticipated that both overall and core inflation would remain subdued through 2012, with measured inflation somewhat below rates that policymakers considered to be consistent over the longer run with the Federal Reserve’s dual mandate.”

The Fed Is On Hold

Let’s review. Economists tell us it will take GDP growth rates of 3.5% or more to have any real impact on employment. As I have noted elsewhere, that is 300,000 jobs a month for five years to get us back to where we were in 2007. Losing 8 million jobs is a big hole. What are the prospects for 3.5% GDP growth, with high unemployment and large tax increases coming in 2011 from not only the Fed but state and local governments? My thought is, not so great.

The trend in inflation is down. Unemployment is way too high. The money supply is somnolent.

The Fed is on hold for the rest of the year and well into 2011.

Case closed.

An Inverted Yield Curve?

A quick thought on inverted yield curves. As long-time readers know, I have written extensively about research done on the inverted yield curve, that condition where short-term rates are higher than long-term rates. It is the best single indicator of recessions, and following it allowed me to “predict” the last two recessions a year in advance. We won’t go now into why it seems to work, but it is useful, or has been in the past.

Clearly, if the Fed is on hold for at least another year, it will be impossible for quite some time to get an inverted yield curve. Obviously, long-term rates will not go below zero. Yet long-term rates are headed down of late, and are lower than they were when we last had an inverted yield curve in 2006. What would the yield curve look like without the Fed massively intervening? Is there a way to “normalize” the short-term rates that would give us a proxy for short-term rates without active Fed intervention? Would it matter? If you have any thoughts on that topic, feel free to share.

LA, Vancouver, San Francisco, and a First
Often Wrong, Seldom in Doubt

I am off to LA tomorrow with son-in-law Ryan to meet with the team at Fahrenheit Studios that is helping us design the new websites. Then home for ten days, and then it’s some much-needed vacation time with the family (kids and spouses and grandbabies – a total of 12 of us), to Italy.

I will be speaking at the Agora Financial Investment Symposium in Vancouver July 20-23rd. There are some really great speakers and this is a fun crowd. I got them to knock off $200 for my readers if you use the link and order form below. You can find a link to the list of speakers a little ways into the link. Hope to see you there!
http://agorafinancial.com/reports/vancouver/2010/vancouver2010_2.php?pub=C2010AFVAN&code=E400L5NC

I will also be speaking at the San Francisco Money Show August 19-21. I will have more on that show in the coming weeks, and links for registration.

And a big thanks to Greg Buoncontri and his team at Pitney Bowes. I spoke there last Wednesday and was made to feel quite special. It was a very upbeat conference with great speakers on how the world is changing. I learned a lot.

Finally, after ten years of writing this letter, I had a first tonight. At 9:30 I realized what I was writing was just not ready for prime time. You can’t take the cake out of the oven until it is fully baked. I have had some half-baked ideas before, but never knowingly. As I say, I am often wrong but seldom in doubt. I really thought I knew where I was going, but the longer I thought and the more I wrote the more I kept disagreeing with myself. I still think there is some meat in the topic, but I need to think some more on it. You, gentle reader, deserve nothing less. I take this letter seriously.

I had to stop, pour myself some scotch, take a deep breath, and start over with a brand new topic. And since I haven’t written about Fed policy for some time, a letter on it was due. It is now 1 AM and past time to hit the send button. Let’s hope this doesn’t happen for another ten years.

Your ready to begin to slow down (at least for tonight) analyst,

John Mauldin
[email protected]

Copyright 2010 John Mauldin. All Rights Reserved

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John Mauldin, Best-Selling author and recognized financial expert, is also editor of the free Thoughts From the Frontline that goes to over 1 million readers each week. For more information on John or his FREE weekly economic letter go to: http://www.frontlinethoughts.com/learnmore

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Indy 500 Qualifying updates: We will be bringing you the updates in Indy 500 Qualifying, but first what is Indy 500? Indy 500 is Indianapolis 500-Mile Race, also known as the Indianapolis 500, or The 500, is an American automobile race, held yearly over the Memorial Day weekend at the Indianapolis Motor Speedway in Speedway, Indiana. The event’s name originated from the IndyCar class, or formula, of open-wheel race cars that have competed in it. Indy 500 Online streaming is also one of the much awaited events to be hosted via internet. Many websites are surely hosting Indy 500 Online Streaming, don’t miss the chance to watch Indy 500 Qualifying event.

As for the Indy 500 Qualifying updates:

Moraes was on the fourth lap of his first qualifying attempt on Saturday afternoon when he skidded at turn two. The KV Racing Technology car slid sideways until ramming into the outside wall and damaging the rear end.

The fastest qualifying time does not automatically triumph the pole this year as the nine fastest qualifiers partake in a shootout late on Saturday that determines the pole position and the next eight starting positions. Shootout drivers are assured to start no worse than ninth position in the race itself.

Officials changed the traditional qualifying format each driver could take as many as three four-lap runs for the reason of boosting interest and excitement.

Stay tune for more updates in Indy 500 Qualifying. Watch out for Indy 500 Online Streaming…

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Google unveiled on Thursday a new version of its mobile operating system Android 2.2, Froy, which includes more than 20 new features, many of them included to meet the requirements of the corporate segment with a five times faster speed than the previous version.

Froy, includes a dozen new features, including support for Flash 10.1 and offers compatibility with Microsoft Exchange and other applications commonly used by professionals.

During the annual conference for developers, Google announced Android 2.2 with a demonstration that included comparisons with the Apple iPad and iPhone. Thus, the company stressed that Froy multiplied up to three times the performance of JavaScript and used an Apple device to prove it.

Android 2.2 includes a new backup API, as well as tethering and ability to turn the phone into a portable wireless transmitter. Also, the new version, which will support Flash and AIR, provides guidance for Google Maps via a compass from the browser.

Another option which includes Froy is the ability to automatically update applications for Android.

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Filed under: Car Buying, SUV, Crossover

Even though it’s already the biggest, China’s auto market is still very new, and sales continue to rise by leaps and bounds every year. For years, a mix of small, affordable vehicles and larger luxury sedans have been dominant, but the latest sales data indicates that utility vehicles may be taking over.

2010 SUV sales are up 108 percent versus the same period in 2009, with 372,527 units sold. April was a banner month for the big and tall set, with 105,585 SUVs and crossovers making their way to customers. The big winner was the Great Wall Hover, with 13,000 sales. Asian marques round out the the crossover-laden top five, led by the Honda CR-V, Toyota RAV4, Zotye RX6400 and Toyota Highlander.

With sales in China routinely growing from 10 to 20 percent annually, we think a big part of the SUV and crossover growth is organic. That SUV sales have doubled so quickly shows that Chinese consumers’ vehicle tastes may be more in line with American buyers, rather than the wagon and hatch-loving Europeans.

[Source: Gasgoo]

SUV boom underway in China? originally appeared on Autoblog on Sat, 22 May 2010 18:37:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments

The Toyota Motor Company signed an agreement with U.S. firm Tesla Motors for cooperation in the development of electric vehicles, as well as providing engineering and production systems, said the Japanese company.

The cars will be produced at a plant in California and will hit the market in 2012. The plant produce 20,000 vehicles a year. In principle 1,000 workers will work there, but is expected to grow to 10,000 in long term. Toyota will invest $ 50 million in shares in the company of electric cars.

“I realized the great potential of Tesla technology and the dedication impressed me in production,” explained Toyota President Akio. Toyoda said, adding that through this partnership both companies will work on the development of electric vehicles.

The automaker Toyota had commercial success with hybrid cars, like the Prius.

The agreement could help the Japanese company to compete with GM and Nissan in the U.S. market, where the purchase of electric cars is stimulated by stringent restrictions on the emission of greenhouse gases.

Tesla is one of the best electric vehicle manufacturers, it is known for its high-performance sports models.

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1. Toyota has signed an agreement with Tesla
2. Toyota and Tesla join to advance in electrical technology
3. Toyota and Tesla Announces their Partnership in building Electric Cars

The Pininfarina Nido EV, a small city car, has 2 seats and a permanent magneto rear engine. The structure was designed to adapt to four different, completely electric or hybrid vehicles: 2-seater, 2+2, pickup and light van.

The Pininfarina Nido EV prototype is powered by a Zebra Z5 Ni-NaCl battery, which guarantees very high levels of safety and reliability. When fully charged, it has a range of 140 km and a top speed of 120 km/h (limited electronically), and accelerates 0-60 km/h in 6.7 seconds. The Pininfarina Nido EV is also equipped with “green” tyres, developed by Pirelli paying particular attention to safety, environmental sustainability and saving.

Source: Lincah.Com – New Car and Used Car Pictures