Author: Serkadis

  • Panera Bread Testing The ‘Pay What You Want’ Model

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    Popular restaurant chain Panera Bread has long been interested in experimenting with smart new business models. It was one of the first restaurants out there to push free WiFi in all its locations — at a time when many thought fee-based WiFi was the future — noting how much it helped bring in more business for the food. A bunch of folks are now submitting the news that Panera is testing out a pay what you want model in one of its new restaurants. There are “recommended” prices — but you can pay more or less than those numbers. This seems to be a take on the trend that became popular last year of restaurants offering certain days or nights where you could get free meals, which some restaurants found actually resulted in much more revenue (along with more loyal customers).

    While I’m intrigued with how this will work out, I’m not convinced it’s going to be a success (though I’d be pleasantly surprised to find out I’m wrong). The whole thing is actually set up separate from Panera, via a non-profit foundation, which Panera is supporting. The restaurant won’t use the Panera name, but St. Louis Bread Co. Cares, which apparently was the company’s original name. I would guess that many people will feel guilty enough to pay the list price, though some will obviously pay less. I doubt very many (if any) people will really pay much extra, which puts the operation in a tricky position. Since we’re talking about food and salaries, there are real scarcities to deal with in terms of expenses, so a “pay what you want” model seems like it would have difficulty scaling.

    Still, as business models go, it’s one worth watching.

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  • Here Are The Goldman Sachs Recommended Trades That Have Done Horribly This Year

    poland yenEarlier we linked to the Bloomberg piece about Goldman’s top trades for 2010, and how almost all of them have done horribly for clients.

    Seven of the investment bank’s nine “recommended top trades for 2010” have been money losers for investors who adopted the New York-based firm’s advice, according to data compiled by Bloomberg from a Goldman Sachs research note sent yesterday. Clients who used the tips lost 14 percent buying the Polish zloty versus the Japanese yen, 9.4 percent buying Chinese stocks in Hong Kong and 9.8 percent trading the British pound against the New Zealand dollar.

    It just so happens we published the top trades last year.

    So, without further ado, we present Goldman’s horrible top trades for 2010.

    (Note: these were published in December, 2010)

    Bet on moderating S&P volatility

    Bet on moderating S&P volatility

    Goldman writes:

    Short S&P 500 Dec10/Dec11 Forward
    Starting Variance Swap, at 28.20, Target 21

    At current levels, forward variance suggests that the
    coming years will be as volatile as 2009. But this past
    year was the 8th most volatile year on record (2008 ranks
    as number three), and our recent work on the 2004-
    template suggests that even in a sluggish recovery and a
    range-bound equity market, as macro-driven uncertainty
    declines, volatility can continue to moderate.

    Realized 1-
    month S&P 500 volatility is currently at 16, towards the
    low end of Buzz Gregory and team’s near-term macro
    driven forecast range of 15-19, and front-month VIX is at
    about 25.50. And the upward-sloping term structure has
    kept forward variance higher still. 

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Go Russia!

    Go Russia!

    Ignore all that political risk, and everything else you might have your head about Putin’s state. Bet on Russia!

    Russia’s economic growth profile is among the most
    robust in the region. After a steep 9.5% decline in 2009,
    Russia’s economic turnaround will be sharp, with GS
    economists expecting real GDP to rebound to +4.5% in
    2010 and to accelerate towards the end of the year. And
    the Russian stock index also has significant commodity
    exposure, which we like given our still bullish long-term
    view on energy and the broader commodity complex.
    Moreover, we expect continued easing in monetary policy
    with at least 100bp of further cuts in interest rates this
    coming year (compared to +100bp cumulative hikes
    priced into the forwards). 

    Compared with other developed and emerging equity
    markets Russian equities have been the laggards in
    recouping the losses since last year. Our models suggest
    that Russian CDS should compress from 204bp to a fair
    value of 150bp, which may also provide a tailwind. In
    general, Russian exposure does not seem to be “over-
    owned”. We are also exposed to RUB strength relative to
    the USD.

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Go Britain, and forget the Kiwis

    Go Britain, and forget the Kiwis

    The pain in the UK pound, and the strength of the New Zealand Dollar have both been overdone. So, time to reverse that trade.

    Top Trade #3: Long GBP/NZD at 2.29, target 2.60
    In the context of our ‘growth differentiation’ investment
    theme, our FX research has been highlighting the need to
    look for strong out-of-consensus views. One currency
    cross that stands out in this respect is short NZD/GBP.
    We are considerably more bullish on Sterling, linked to
    stronger cyclical momentum in response to a large easing
    in financial conditions. At the same time we expect rates
    to rise a lot more slowly in New Zealand than the
    consensus. 

    Beyond the cyclical differentiation relative to consensus,
    we think there are additional factors arguing for the NZD
    to underperform. Firstly, the positive terms-of-trade
    impact on New Zealand has only been about half as large
    as in Australia due to the different commodity mix. But
    both currencies have performed similarly this year and, in
    fact, NZD is at least 5% more overvalued than the AUD.
    Secondly, in order to re-balance the economy, the
    authorities in New Zealand appear to be considering
    dampening domestic demand through tighter fiscal policy
    with the explicit aim of weakening the currency.

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Bet on UK/Australia convergence

    Bet on UK/Australia convergence

    Another similar theme as the UK/Kiwi trade.

    Top Trade #4: Pay 2-yr UK Rates vs Australia 1-yr
    Forward at -268.5bp, Target -150bp. The UK has
    been far closer to the epicentre of the credit crisis than
    Australia. But markets expect this macro divergence to
    extend and the forwards price policy rates to rise much
    faster in Australia than in the UK. This looks too
    aggressive to us. Overall financial conditions have eased
    far more in the UK than in Australia, the damage to UK
    house prices has been smaller than initially feared and
    our forecasts envisage a steep acceleration of UK GDP
    growth into 2011. We see cumulative tightening of
    300bp in the UK by end-2011, starting in mid-2010,
    compared with just 125bp in Australia. 
    updated on a monthly basis.

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Here comes a Turkish recovery

    Here comes a Turkish recovery

    Get ready for strong growth and higher interest rates in Turkey:

    Top Trade #5: Pay 2y Rates in Turkey at 8.77%,
    Target 12%. Real policy rates in emerging markets are
    at record-low levels. This is particularly true in Turkey,
    where the market is pricing that real policy rates will
    decline from about 1.5% currently (ex-post) to about
    1.0% in 12 months. Turkish growth should continue to
    recover strongly, while inflation normalises to about 7%
    next year. We expect the CBRT to hike by 250bp in the
    second half of 2010 from 6.5% currently, more than the
    forwards. As tightening begins, we expect the forward
    premium to increase. There is a large negative carry and
    roll-over cost of 375bp, but we are confident that the
    switch in monetary policy will occur in the next few
    quarters.

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Short Spain, Long Ireland

    Short Spain, Long Ireland

    Credit default swaps on Irish sovereign debt are still wider than Spain’s. This will coverge.

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Growth will diverge all around the world

    Growth will diverge all around the world

    The basic idea: bet on growth rates being wildly different all around the world.

    This theme can be implemented in the form of our
    Growth Current (Bloomberg ticker: GSCUGROW). As a
    reminder, the Currents are tradable long-short baskets of
    currencies that aim to capture certain macro themes in the
    FX markets. The Growth Current specifically makes its
    selection of currencies based essentially on how fast
    countries are closing their output gaps. The FX Growth
    Current currently contains long positions in INR, IDR,
    CNY, AUD, PLN, PHP and short positions in MXN,
    RUB, TRY, TWD, HUF, MYR, but given the dynamic
    nature of the basket the composition will change
    frequently. Currencies currently included in the short
    basket could easily appear on the long side later in the
    year (see the Global Viewpoint dated July 20, 2009 for
    more details on our FX Currents). 

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Go long Poland vs. Japan

    Go long Poland vs. Japan

    The final one is another odd pair trade:

    Polish growth is currently accelerating strongly, running
    at a forecast sequential rate of more than 4%qoq
    annualised in the current quarter after 2% qoq annualised
    in Q3. Poland has only experienced one single quarter of
    negative growth during the crisis. The Polish Zloty is
    undervalued to the tune of 14% against the EUR,
    according to our GSDEER model. Strong export demand
    partly linked to the cheap currency but also linked to the
    recovery in Germany has kept the trade account close to
    zero despite the strong pick-up in domestic demand. 
    In sharp contrast, the Japanese Yen is significantly
    overvalued. The resulting exceptionally tight financial
    conditions in Japan have raised the downside risks to
    growth from an already anaemic starting point. Moreover,
    the new government appears to focus increasingly in the
    negative growth impact from Yen overvaluation, as
    signalled by recent MoF communications. We also think
    there is reasonable chance that the Bank of Japan
    proceeds to quantitative easing measures soon in order to
    alleviate economic pressures. This could serve as a
    catalyst for JPY weakness.

    Now, see what Morgan Stanley says about 2010 >>

    Source: Goldman Sachs: Unveiling Our Top 10 Trades For 2010

    Buy Hong Kong

    Buy Hong Kong

    (Unfortunately we don’t have the exact call ont his one, and are relying on Bloomberg’s report to indicate that it was 9th of the firm’s recommendations.)

    Join the conversation about this story »

  • Infiniti bringing two new M-based models to Pebble Beach

    Filed under: , , ,

    Infiniti M Coupe Sketches – Click above for high-res image

    For the past two years, Infiniti has been growing its presence in Pebble Beach. The week-long auto extravaganza in August plays host to a number of automaker events, but recently, Infiniti has been taking center stage. For 2010, Nissan’s premium channel isn’t letting up, bringing two M-based models to the party in Pebble, both of which are slated for production.

    We don’t have specifics on either model, but in addition to the image above, our sources within Infiniti tell us that the new coupe variants will be extensions of its current lineup, lending credence to recent rumors of an M coupe.

    More interestingly, we’ve been told that both models will “extend Infiniti into an area we haven’t been before” and that one of those models will be more “performance oriented.” If that means we can expect some kind of powertrain similar to the Essence Concept that debuted at the Geneva Motor Show last year – a twin-turbo, direct injected V6 putting out over 450 horsepower – consider our interest incredibly piqued.

    Both models are set to go on sale in October or November of this year, with the M35 Hybrid arriving sometime toward the end of 2011.

    Infiniti bringing two new M-based models to Pebble Beach originally appeared on Autoblog on Wed, 19 May 2010 12:29:00 EST. Please see our terms for use of feeds.

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  • Hurt Locker Producer Says That Criticizing His Plan To Sue Fans Means You’re A Moron And A Thief

    Robert Ring was the first of a bunch of you to send in this gem. You may recall the reports that the producers of the Oscar-winning movie Hurt Locker were supposedly gearing up to sue tens of thousands of fans for unauthorized file trading of the movie. Even if you’re against infringing on copyrights, it’s not hard to see why this is a strategy doomed to backfire massively. A Boing Boing reader found the email for Hurt Locker producer, Nicolas Chartier, who already has something of a reputation for… well… aggressive emailing, and received quite a response.

    First, the polite and email the reader sent to Chartier, expressing why he thinks the legal strategy is a mistake:


    Dear Mr. Chartier,

    I have recently become aware of Voltage Pictures’ intention to sue thousands of people who are suspected of having used BitTorrent to download films produced by your company.

    I wish to register my disagreement with these tactics, and would like you to know that as a result of these actions I am boycotting your films. The majority of the people you are suing were not seeking to make money from their downloads, and will be financially devastated by a lawsuit or settlement. While it is completely understandable that Voltage Pictures wishes to defend its intellectual property, this is an inhumane way of doing so.

    Until Voltage Pictures publicly states that it will not pursue lawsuits for downloading its films, I will not view, rent or buy any films produced wholly or in part by your company. I will urge my friends and family to take the same actions. I do not wish for the money I spend on entertainment to be used against otherwise good people.

    Thank you for your time.

    And now for Chartier’s response:


    Hi Nicholas, please feel free to leave your house open every time you go out and please tell your family to do so, please invite people in the streets to come in and take things from you, not to make money out of it by reselling it but just to use it for themselves and help themselves. If you think it’s normal they take my work for free, I’m sure you will give away all your furniture and possessions and your family will do the same. I can also send you my bank account information since apparently you work for free and your family too so since you have so much money you should give it away… I actually like to pay my employees, my family, my bank for their work and like to get paid for my work. I’m glad you’re a moron who believes stealing is right. I hope your family and your kids end up in jail one day for stealing so maybe they can be taught the difference. Until then, keep being stupid, you’re doing that very well. And please do not download, rent, or pay for my movies, I actually like smart and more important HONEST people to watch my films.

    best regards,

    Nicolas Chartier
    Voltage Pictures, LLC

    Wow. Note that the original letter to Chartier did not, in any way, defend the practice of downloading the film. It just noted that suing everyone did not seem like a proportional response. And, for that, Chartier calls him a moron and a thief and wishes his whole family ends up in jail. I guess when you have someone like that in charge, it’s no wonder that they think filing tens of thousands of lawsuits against fans is a sensible position. Perhaps somewhere along the line someone will sit Chartier down and explain to him the difference between disagreeing with a strategy and promoting infringement. At that time, perhaps they can also explain to him the difference between theft and infringement. Now I can understand why even folks at the MPAA have been rapidly distancing themselves from Chartier and this particular campaign, making it clear to pretty much everyone that they do not support his strategy for dealing with unauthorized sharing of his movie.

    Update: In the meantime, I had almost forgotten that the producers of the movie, including Voltage Pictures, are being sued by a soldier, who claims that the movie was actually “his” story. Now, as we wrote when that story came out, the claim seems ridiculous, but if you run his claim through the same argument that Chartier makes above, it makes you wonder if by Chartier’s own bizarre logic, he really should pay that soldier. After all, he took that soldier’s “story” for free, and that soldier likes to get paid for his work too, I’m sure.

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  • John Travolta to be a Father Again

    56 year old actor John Travolta confirmed that he and his wife Kelly Preston are expecting a new baby to their family. John said it is impossible to keep this secret, and he is very happy, he said he wanted to be the first to share this wonderful news with his fans. When he announced this news, he looked very proud and very energetic as well.



    47 year old Travolta’s wife Kelly Preston is pregnant with her 3rd child and she is in 3rd month already. This is a great news for Travolta family 17 months after the death of their elder son Jett. 16 year old Jett died in 2009 January. Another tragedy with Travolta was the death of their two dogs which were run over by a service vehicle.

    John and his family stayed out of public eyes after the tragedy for almost a year, and John just appeared in front of media and public for his new upcoming movie. The couple has a 10 year old daughter Ella Bleu who also shared this joyous moment with mom and dad. We are really happy for John and Kelly!!

    Related posts:

    1. John Travolta and Kelly Preston expecting a new child
    2. Travolta Couple is having their Newborn for the Third Time!
    3. John Travolta’s dogs were killed

  • 4-cylinder engines steal almost half of new car shoppers in April

    2011 Hyundai Sonata

    More and more new car shoppers are opting for four-bangers when buying a new vehicle, according to J.D. Power and Associates’ Power Information Network. J.D. Power says that in April alone, 4-cylinder engines accounted for 49 percent of new car and light-duty truck sales. During the first quarter of 2010, 4-cylinder engines accounted for 46.5 percent of new vehicle sales, up from 41.9 percent during the same period a year earlier.

    Click here to get prices on the 2011 Hyundai Sonata.

    As USAToday points out, in some cases buyers have no choice. Popular new models like the 2011 Hyundai Sonata are only available with 4-cylinder engines, as is the new Suzuki Kizashi sedan. The 2011 Buick Regal, which is also only available with 4-cylinder engines, saw its first sale over the weekend in Illinois.

    Automakers are doing all they can to meet strict fuel-economy standards set by the government. However, many new car shoppers are now more concerned with how many miles per gallon they are averaging over how much horsepower they have under the hood.

    As for the performance-hungry American drivers, automakers are betting that technologies like direct-injection and turbochargers crank out enough torque to satisfy their needs.

    2011 Hyundai Sonata:

    – By: Omar Rana

    Source: USAToday (via KickingTires)


  • Exclusive Interview With Bill Natbony: The CEO Who Paulson And Soros Followed Into NovaGold

    bil-natbony

    Bill Natbony heads two natural resource investment strategy funds for Tom Kaplan, AKA the guy who Paulson and Soros followed into NovaGold.

    One of those, the Electrum Group, focuses almost entirely on a unique strategy for investing in gold that is much more interesting than buying gold itself.

    “In 2001, Dr. Kaplan reached the conclusion that gold was at the very very early stages of a major bull market,” Natbony explains. “And at that time, he started putting together the first building blocks of the Electrum Group.”

    One of the strategies pursued by the Electrum Group is to send geologists out on exploration missions to find properties that they think will yield gold (and other metals).

    “We look for surface anomalies that suggest there is gold.” he says. For example, “it would be nice if you found gold popping out of the ground, or you found a silver or copper vein that was sheared off in an earthquake or one  on the side of a cliff, but those are rare.  Surface indications are most often more subtle.”

    A second strategy Electrum pursues is to invest in companies that do the exploring themselves, like Novagold. Once they’ve found it, actually extracting the gold can cost billions of dollars. But just holding the property costs relatively little.

    “We view these (for example NovaGold, and another company Electrum invests in, Gabriel) as comparable to long-term calls on gold,” says Natbony, “There’s no necessary upkeep, no significant overhead cost to maintain the positions – They give us the opportunity to capitalize on what is going to be unfolding in gold, which is an enormous appreciation in the value of gold as gold’s currency value is realized.”

    Electrum’s strategy is betting that the values of the exploration companies will increase as the price of gold drives higher. “We believe we’re in the early stages of a gold bubble,” says Natbony. “Gold is going to see very significant appreciation over the next number of years.”

    And in fact, investors in these companies can make a good deal of money before any gold is ever excavated and sold on the market.

    John PaulsonTons of investors were interested in Novagold as soon as news broke that Paulson and Soros bought stake in the company (which they still hold today) and many called up NovaGold looking to get a piece. The company is public, so it’s easy enough to invest.

    But here’s the catch. “Close to 99% of the time these properties don’t yield any minable gold,” Natbony told us. “It’s very risky finding precious metals. No matter what you see on the surface, you don’t know what’s underneath until you drill the exploration holes.”

    That’s why you drill – to determine if there is gold. Drilling thousands of holes ultimately determines the “proven” and “probable” reserve figures of the property.

    “In NovaGold, the necessary exploration holes were drilled proving that there is a great deal of gold in the ground,” says Natbony.

    He explains how they prove it:

    “Just imagine that there is gold ore in the ground. It can run for kilometers or it can be very small, and it can start and stop and twist and turn. So in order to prove it out, you have to establish what the limits are. Second, you have to determine what the grade of the metal is throughout the ore body.  Holes are drilled, cores are examined and the assay results tell the story.”

    Now we’re back to why investing in exploration companies is so risky.

    It’s not that difficult to find some gold in a variety of places, but it is hard to find gold that is commercially viable.

    “It depends on the concentration, what other minerals are with it (because those minerals might make it more difficult to extract the gold and the other minerals might not be any value). It depends on where it is, too. If it’s at the source of the Amazon river, it’s going to be difficult to get it out at anything less than a prohibited price.”

    georgesoros profile tbiNationalization and chaotic local conditions also are significant risks. For example, in Venezuela, Chavez believes that everything should belong to the Venezuelan government.  Darfur is not a safe country in which to look for and find ore. Similarly, Afghanistan does not provide a stable environment in which to find or extract gold.

    But the spoils could be incredible. Natbony gives the example of Leor Energy, a natural gas exploration company.

    “That was the largest discovery of onshore natural gas in North America in the past 30 years. In that circumstance, the return was 100 to 1. 25 million was put in, and it paid off $2.5 billion.”

    Read more about NovaGold –>

    Read more about Tom Kaplan –>

    And now check out which big hedge funds are invested in gold right now –>

    Join the conversation about this story »

    See Also:

  • 2010 AC Schnitzer BMW X6 M

    2010 AC Schnitzer BMW X6 M - Black - Front Angle View

    AC Schnitzer tuning specialist is currently working on a performance upgrade which, in combination with delimiting the Vmax and a sports exhaust, will bring a further perceptible increase in the power of the BMW X6 M. And if that’s not enough, you can also opt for the carbon fibre AC Schnitzer engine styling. Even without a performance upgrade, the acoustic and visual attraction will be enhanced by the AC Schnitzer sports rear silencer with two chromed “Sports Trim” tailpipe trims in right/left combination.

    AC Schnitzer BMW X6 M 2010 - Black - Front View 2010 AC Schnitzer BMW X6 M - Black - Rear Angle View 2010 AC Schnitzer BMW X6 M - Black - Rear Bumper Tail Pipes View

    AC Schnitzer not only gives the BMW X6 M more power, but also a tailored race outfit of carbon. Front spoiler, rear roof spoiler, rear wing, rear diffuser and design elements for the front skirt and chromed front grille give the X6 M an impressive and muscular appearance. As an option, the carbon Bonnet Vents with chromed centre web complete the sporting look.

    A real highlight is the new AC Schnitzer Bonnet Top of carbon with plexiglas panoramic window through which the engine is permanently visible.

    For the X6 M – 1.98 metres wide as standard – AC Schnitzer has adapted the FALCON wheel arch extensions so that the BMW body gains an extra 40 mm width each side.

    The already sporting interior ambience of the BMW X6 M has been refined further in the Aachen works. The instrument panel conversion – speedo and rev counter with AC Schnitzer logo, white dials, red pointers and red lighting – gives the X6 M a speedometer display up to 360 km/h. The carbon interior trim and the AC Schnitzer steering wheel spokes in new “black Exclusiv” design and the AC Schnitzer aluminium cover for the i-Drive system controller, aluminium footrest and pedal set, and velour foot mats, round off the interior package.

    The wheelarches of the X6 M by AC Schnitzer can be filled with 20″, 22″ or imposing 23″ AC Schnitzer wheels in Type IV BiColor, Type VII silver, black or BiColor, or the AC Schnitzer forged alloys Type V or forged racing rims Type VIII BiColor. In combination with the 275, 315, 295 or 335 tyres, it’s easy for the driver in the cockpit to transfer the engine power to the track, and at the same time provide external evidence of the “motorsport gene” of the X6 M by AC Schnitzer even when stationary.Overview for Press Release No. 05/2010

    2010 BMW X6 M AC Schnitzer - Black - Rear View 2010 AC Schnitzer BMW X6 M - Black - Side View 2010 AC Schnitzer BMW X6 M - Center Console View 2010 AC Schnitzer BMW X6 M - Engine View 2010 AC Schnitzer BMW X6 M - Interior View BMW X6 M AC Schnitzer 2010 - White - Front Angle View 2010 AC Schnitzer BMW X6 M - White - Rear Angle View 2010 AC Schnitzer BMW X6 M - White - Rear View AC Schnitzer BMW X6 M 2010 - White - Side View

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

  • Gold Deteriorates Some More, Now Threatening To Take Out $1190

    Gold spiked down big earlier in the day, and has only deteriorated since then.

    Remember gold $1250?

    chart

    Join the conversation about this story »

  • VW reportedly set to buy Italdesign Giugiaro

    Filed under: , ,


    1974 Volkswagen Scirocco designed by Giorgetto Giugiaro

    The last several years have not been kind to the great Italian design houses like Pininfarina, Bertone and Italdesign. The first two have run into financial brick walls after getting over extended and required bailouts. Thankfully, Italdesign, founded by Giorgetto Giugiaro in 1968, may have found a white knight to keep it solvent in the form of Volkswagen AG. VW and the studio have a long history going back to the first generation Scirocco and Golf both of which were designed by Giugiaro. Italdesign has also been responsible for numerous VW Group concepts for the last thirty years.

    Giorgetto Giugiaro and his son Fabrizio currently own the studio outright, but it appears that Volkswagen may be preparing to take a majority stake in the Italian company. It’s not clear if Ital Design will continue doing work for outside clients under VW ownership, or if the elder Giugiaro, 71, plans on retirement.

    [Source: Automotive News – sub. req’d]

    VW reportedly set to buy Italdesign Giugiaro originally appeared on Autoblog on Wed, 19 May 2010 11:40:00 EST. Please see our terms for use of feeds.

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  • Amy Adams First Child

    Actress Amy Adams gave birth to her first baby girl on Saturday in Los Angeles and according to People magazine she announced the name of the child as Aviana Olea Legallo. According to a spokesperson, mom and the baby both are healthy and relaxing at home.

    Amy is engaged to actor Darren Le Gallo and she had announced her pregnancy last year. She found out the sex of the baby before she was born because she was impatient to wait until the last minute. Amy Adams who is 35 years old got engaged in 2008 July, Amy says she is going to use this maternity leave to plan their nuptials.

    Amy and Darren met in an acting class in 2001 and they started dating since then, but they got engaged after 7 years. Wow….this is a pretty long relationship, hope this will work for a long time and will not end in short time like some other couples in Hollywood…Amy looked fabulous throughout her pregnancy and everyone still remember her role in “Julie and Julia”. Well, congrats for the new baby and new mommy life!!

    Related posts:

    1. Amy Adams Welcomes her Baby Girl
    2. Keyshia Cole Gives Birth to a Baby Boy
    3. Lindsay Absolutely Denies Her Relationship with Indrani

  • The Power of Touch

    TouchThe largest organ on our body is the skin. Its protective layers guard our muscles, bones, internal organs, and ligaments, while its active function results in the most fundamental of our five senses – that of touch. For all our focus on maintaining optimal organ function through diet, exercise, and lifestyle, could it be that we’re neglecting the organ that figures most prominently in our daily, direct communion with the material world?

    I know that it’s awfully easy for me to go several days without real, meaningful physical contact with another human when I’m on the road promoting the book or giving a talk. Oh, sure, there are handshakes and incidental shoulder brushes and maybe even the occasional fist bump, but it’s not the same. I miss my wife and kids. You can’t exactly hug total strangers (nor would you really want to) or even business associates. When I’m away from my family and close friends, I realize just how ubiquitous our self-made, imaginary personal bubbles have become. We all walk around with them. This world is getting more crowded every day, and yet we’re somehow able to maneuver through it without so much as touching a single person unless we’re crammed into a train or city street. And still, even in those situations, people are loathe to make contact with one another, even ocular, and we manage to avoid most of it.

    Take the phrase “touchy feely,” for example. What imagery does it conjure? Positive? Its literal definition is “marked by or emphasizing physical closeness and emotional openness,” but the phrase originates as an epithet. Because language is an organic thing, a reflection of its users and their society, and because the phrase is exclusively uttered from a position of discomfort with the idea of touching or being touched, “touchy feely” arises from a society diametrically opposed to physical contact and touch. Men who can’t bring themselves to hug their fathers or male friends without feeling physically ill (or, worse, that they might “catch the gay”); young men and women unable to separate honest affection from sexual attention; kids who spend their formative years touching the cold hard plastic of an XBox controller or remote control without developing nary a scrape, bruise, or welt from physical contact with peers; entire families that text, chat, or email to communicate, even when living under the same roof – this is the legacy of our apparently social revulsion to touch and physical closeness.

    It starts with infants, of course. Many babies, upon being born, are instantly whisked away for checkups, tests, and to “let the mother rest.” It seems odd that in that most crucial of windows, where the mother-child post-womb relationship is in its infancy, many kids don’t even get to see their mothers. Instead, they’re in some room with some stranger having weird things done to them.

    The first sense infants develop in the womb is touch, and when they’re born, touch is the most pre-attuned sense, whereas stuff like sight and taste take months to fully develop. A just-born infant, I would argue, needs to be with its mother, needs to feel her warmth (and she the baby’s), needs to indulge the only viable sense available at the moment. I imagine that initial (and in the wild, unavoidable and inevitable) physical closeness between mammalian mother and mammalian child is the foundation for the rest of the child’s life. It sets the stage, so to speak. I’m reminded of that old cartoon trope, where a baby bird hatches and latches onto the first creature it sees as its mother, even if that creature is Sylvester the cat licking his chops. There’s probably some truth to that. A child’s born and, if nature has dictated, that child is in immediate intimate contact with mom. Maybe those first few moments are more crucial than we think. Maybe the lack of physical contact between newborn and new mother reverberates through life, setting the stage for an adult with a mild distaste for human touch. You populate half of society with folks who were never really touched as children, who never really learned the essential importance of touch, and maybe you get what we have now. I’m speculating here, of course.

    But we do know that animals touch each other all the time. It’s the Primal way. Young monkeys and apes cling to mothers’ backs. Social grooming is a staple of many animals’ lives. It’s utilitarian, because not all animals can completely clean themselves (we’ve all got hard to reach places) alone, but it also reinforces social structure and interpersonal relationships. Older apes groom each other, and this grooming affects endorphin levels. Wolf packs sleep together. Kangaroo kids hang out in that famous pouch. Or how about pets? Dogs will nuzzle and lick their masters and cats will head butt you and curl up in your lap and meow until you relent and offer your hand. It’s almost like touch is a requirement of animals; they crave and need it.

    Do we?

    Well, we’re animals, too. I’m a firm believer in listening to our bodies and to our instincts. They exist for a reason, our instincts, and though we shouldn’t surrender completely to their rule, we can use them as subtle indications of what might work best. These instincts might be muted in us big brains, but we’re animals. If they – especially the mammals, like us – yearn for touch, maybe there’s something to it. Maybe we need it, too.

    Besides, despite all the New Age talk of energy fields and the power of touch, we know that people who have loved ones to touch on a regular basis live longer, happier lives. People who have sex on a regular basis also live happier, longer lives. It’s not mystical or magical; it’s practical. You touch people and have sex when you’re comfortable and happy with the person you’re touching. Happy people are, ahem, happier. Happy people live longer, and even if they didn’t, they’re happy, and that’s arguably the whole point of sentient existence. You’ve heard of companion animals, right? They improve the health and longevity of their owners (PDF), especially the widows, supposedly because of the added companionship and touching/petting that goes on. There have been studies (having a tough time finding this one) where lab rabbits with terminal cancer living on the bottom row of the cages live longer than rabbits with cancer who live in higher cages. The only difference between the top and bottom row rabbits being that lab assistants handled the rabbits in the bottom cages more during feeding. When you’re dying of terminal cancer in a metal cage, I’ll bet you begin to really look forward to those few seconds of chin scratches each day.

    I will say that things seem to be changing. When you watch old episodes of “The Tonight Show,” it’s all handshakes between Johnny Carson and his guests. It’s very formal, whereas now the male guests typically hug the host. And in sports, ironically the most stereotypically hypermasculine arena, there’s a ton of physical contact between teammates. Butt slapping, high fives, chest bumps, team huddles – it’s all a huge display of men and women incredibly comfortable with the idea of physical touch. There was even a recent study mentioned in ESPN Magazine that noted the prevalence of high fives and chest bumps and other physical contact in pro basketball. The Cleveland Cavaliers, holders of the best record in the NBA this season (though now trounced from the playoffs), touch each other more than any other team in the league, while the teams with losing records tend to touch less. Do they touch less because they’re losing, or do they lose because they touch less and lack cohesion? Who knows, but the scientists in the article theorized that the high rate of touch definitely has something to do with it.

    Still, though, we’ve got a lot of work to do. We need to integrate touch into our lives, not in some formal, creepy way, like organizing community grooming or hugging sessions, but in a healthy, normal, organic manner. When your kid comes home bleeding and bleating from some mishap, try offering a hug instead of immediately going for the bandages and antiseptic. Hug your friend next time you see him or her. Massage your significant other, just for the heck of it. Ladies, randomly slip your hand under his shirt and scratch his back (trust me, we love it). Pet your dog/cat/rat/rabbit. When you meet someone, maybe try going for the double hand clasp, or even the medieval forearm clasp. Tousle some scruffy street urchin’s mop-head next time he’s hawking newspapers on the corner.

    A dog trainer friend of mine taught me a cool trick once: when your dog is anxious, upset, or otherwise freaking out at something, pull on its neck scruff. This immediately soothes the animal, because it’s exactly what mother dogs do to pups – they carry them around by the scruff of their necks, and adult dogs still make that subconscious connection. I’m thinking the same holds true for humans. Why wouldn’t it? How do you console a grieving friend who’s just lost their father? You hug them. It’s your first reaction and theirs, too. They go for the hug to feel better and you open your arms. How do you soothe a crying child? With hugs and caressing. What changes between childhood and adulthood that renders this treatment ineffective? Why do we console a crying adult with nervous, awkward silence and averted eyes (or powerful medicine)? Those same physiological reactions that soothe the child might just play out in the adult, too. It’s not as if our hormones stop working or we stop enjoying the soothing touch of a loved one just because we have the ability to reproduce and legally drink alcohol.

    It’s in these powerful, incredibly painful moments of trauma that we reconnect with our animal instincts and the walls of social grace or personal hang-ups come crashing down – and we relent to interpersonal touch. We submit, because its draw is inexorable and the relief it offers is instantaneous. There’s that famous saying, “No atheists in foxholes.” What about “No emotional stoics when personal tragedy strikes”? It doesn’t quite have the same easy grace about it, but I think it works.

    We should work on touch, folks. We shouldn’t need tragedy to touch each other. We should give in to our Primal urge to touch as a way to connect with others in a meaningful way and to express joy, not just counteract misery.

    Let me know what you think in the comment board and thanks for reading.

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  • Jason Alexander Lost 30 pounds

    Seinfeld actor and comedian Jason Alexander lost almost 30 pounds by using Jenny Craig diet and weigh loss program in 20 weeks of time. Jason joined this weight loss program after thinking about every aspect of it, people even said Jason is using Girlie weight loss method to lose weight, but he did not care for that.

    Usually men don’t go for such programs, but Jason was strong enough to take this decision for himself. He was concerned how he is going to stay on the plan while traveling. But he was lucky to have Jenny Craig Centers in almost all major US cities. He said he was very careful while eating at the restaurants. He even called Jenny Craig’s consultants and told him what he had eaten the whole day and they told him what he should be doing or eating.

    Jason said, Jenny Craig’s food is really good and he did not feel hungry at all while on this plan. He said he couldn’t even finish the whole mean in first couple of weeks. “I would huff and puff to jog just one-tenth of a mile,” he said. “Now, I run a quarter or half a mile. I’ve really been able to stretch my cardio ability.” And we say “Way to go Jason”.

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  • Former Miss Russia Apprehended For Narcotics-Related Fallacies

    Former Miss Russia Apprehended For Narcotics-Related FallaciesFormer beauty titlist from Russia was arrested for serious criminal charges. Anna Malova was charged for illegal possession of narcotics and drugs, forgery and illegal imposture as a doctor. The said report was made by special narcotics officers in New York City.

    Malova was taken into custody by authorities after her over the counter purchase in a pharmacy situated at 6th Avenue, Greenwich Village, New York City. Few minutes after she stepped out of the drug store, police gathered enough evidence to charge her with criminal suits.

    In 1998, she was remembered as the tall Russian beauty that graced her way into Miss Universe’s top 10. The pageant made her very famous that she found job and home in the Big Apple.

    Going back to the said case, Maldova’s doctors suspected that she stole a prescription pad from her last visit. She faked prescriptions for painkillers and the physician’s signature. This is clear forgery, as the law dictates.

    Although she received admiration from fellow contestants and judges during the Miss Universe pageant as she claimed to be a medical doctor in her homeland, still she does not hold any permits to practice inside the territory of the United States.

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  • Porsche website reveals U.S. pricing for 2011 Cayenne, MSRP starts at $46,700

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    2011 Porsche Cayenne Hybrid – Click above for high-res image gallery

    Porsche North America has revealed American pricing for the all-new 2011 Cayenne on its consumer website, including the company’s first hybrid model. When the Cayenne goes on sale in the coming months, the base 3.6-liter gasoline V6 model will apparently start at $46,700, with the normally aspirated 4.8-liter V8 S taking the tab up to $63,700.

    The new hybrid model, which combines the 333 horsepower supercharged 3.0-liter V6 with an electric motor and battery will cost customers a minimum of $67,700. While that is $21,000 more than the base model, it is massively less than the $99,000 price tag for a similar Volkswagen Touareg hybrid in Germany. The Deutsche prices, of course, include a hefty Value Added Tax. The better comparison here would be the between the V8 powered S and the hybrid, which is also at the S trim level. There the price premium is only $4,000, which seems much more reasonable.

    The EPA has not yet published fuel economy numbers for the new Cayenne, but in Germany, the S is rated at 22.4 mpg (U.S.) while the hybrid is rated at 28.7 mpg. The Europe-only Cayenne diesel is rated at an even more impressive 31.8 mpg.

    Finally, while base pricing is live on Porsche’s website for the 2011 model, the configurator is still that of the outgoing 2010 edition. Thus, if you’d like to see how much it’s going to run you to outfit your dream Cayenne, you’re going to have to wait a while – or at least call your local dealer. Thanks for the tip, Matt!

    [Source: Porsche]

    Porsche website reveals U.S. pricing for 2011 Cayenne, MSRP starts at $46,700 originally appeared on Autoblog on Wed, 19 May 2010 11:21:00 EST. Please see our terms for use of feeds.

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  • Facebook Privacy ? Who Cares?

    if you are in the media enough, you recognize that the media lives for the next headline. Facebook Privacy ? What a great headline.  We all care about privacy, right ?

    Wrong.  Privacy is a boogie man for the media to play with. Unless you are in the internet business in some manner, where discussing privacy issues with other internet people makes everyone feel like they are part of the “smart people”. Facebook privacy is a media issue (which in turn of course makes it a politicians wet dream), nothing more.

    If you join Facebook, by definition you want to give up some of your privacy. You want to share pictures, updates and statuses with friends. You want friends you haven’t seen in a long time to find you.   Items and information that would never see the light of day pre social networks, are now regularly uploaded from our phones. No DRM on those pictures. No requests for DRM on those pictures. No copyright on our status updates. No requests for copyrights on our status updates. Facebook is a social network.  The operative word being social.

    Let me put this another way. In every FB profile there is a question called “Interested In”.  You know you answered the question in your profile.  When you tell 500mm people that you are interested in finding  something, friends, business, whatever,  did you really think that only applied to your immediate circle of friends ?  And what about the interests you shared ? Why would you need to share that information to your immediate friends ? They should already know that stuff shouldn’t they ?  When you published your political or music views and interests, you didn’t do that for the benefit of your immediate friends did you ?  Of course not. You did it to expand your circle of friends. If you want to expand your social circle, you need to share information  to people you don’t know.  You can’t share information with strangers in hopes of possibly adding them to your social network and then bitch about the lack of privacy.

    The privacy advocates among us would tell us that sharing with friends and even potential friends  is one thing, making it available to everyone  is another.  Well guess what, while FB doesn’t have the equivalent of a Retweet function, it doesn’t have a Muzzle function either.  Facebook can’t control downstream discussions today any better than you could when you told stories to your buddies at the bar the other night.  Whether you like it or not, posting on FB is a publishing function. You are publishing to your “friends” and whether you like it or not, they have every right, opportunity and possibly inclination to share what you say, do and show.

    Facebook privacy is very simple at its core. You joined because you wanted to give up some of your privacy in exchange for the benefits that FB offers.  If you think its a problem, de-activate your account.  If you think its a problem, but really want to be on FB, RTFM (Read the Frickin Manual).  The functionality is there. Since when did it become law that software can’t have some level of depth in order to provide the breadth of features and services that all levels of users require ?

    The complaints about FB privacy are pretty much a joke.  It’s a social network, not your voting record.

  • Christa Miller: When Success Laughs At Her

    Christa Miller: When Success Laughs At HerArguably, American Comedy scene’s most successful actress is Christa Miller. Born Christa Miller Lawrence in Manhattan, New York in May 28, 1964, television comedy series’ jewel can be remembered by portraying inimitable roles such as Kate O’Brien in The Drew Carey Show and Scrubs’ Jordan Sullivan. The show Scrubs was her husband’s brainchild.

    Acting and being a celebrity run in the bloodline. Her mother Bonnie Trompeter was a famous model in her era. She is also the niece of NBC sports guy Dick Ebrasol. Notably, the most recognizable figure in the family is Aunt Susan Saint James.

    Miller was introduced to the entertainment industry at such a young age. Barely eating and walking, the six-month old Christa was shown in a Wonder Bread television ad. Three years later, she posed her charms in an Ivory commercial with Francesco Scavullo.

    Her stint in the limelight was briefly cut short when she had to undergo a surgical procedure to remove benign tumors from her bones. After period of recovery, she did a couple of modeling stints. Soon after she retired, she enrolled herself in an acting school in Los Angeles and debut as US Maxim’s first cover girl.

    One of her biggest television breaks came with The Drew Carey Show which was aired from 1995 to 2002. Her appearance in Seinfeld twice has made ratings for the program shoot up.

    Her better half Bill Lawrence produced the popular TV Show Scrubs. In 2001, Miller was invited for a gust role as Dr. Cox’s ex-wife Jordan Sullivan. The intention for her role was just for bit parts. However, due to audience applaud and demands, she was seen almost regularly in the show.

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  • How’s Your Treasury Short Looking Now?

    It’s really incredible how many major names over the last few years have recommended shorting long-dated US Treasury bonds.

    Even today, Nouriel Roubini is warning of bond vigilantes coming to the US., threatening our ability to borrow money at cheap rates.

    And yes, we can certainly see the logic. But we’ve also seen Japan, and in the meantime, Treasuries continue to do awesome, as yields collapse.

    chart

    Join the conversation about this story »

  • Filme do Homem de Ferro 2 destrói dois Rolls Royce construídos à mão


    Antes de contar a notícia, já adianto que vai ter um pouco de spoiler do filme Homem de Ferro 2. Se não assistiu o filme ainda, considerem-se avisados.

    Quem chegou a assistir o filme do Homem de Ferro 2, viu que tem uma história engraçada e tudo mais, é um filme que recomendo a todos a assistirem. Tem uma parte interessante do filme onde o vilão destrói dois Rolls Royce Phantom pretos dentro de um autódromo.

    O filme é cheio de efeitos especiais, então não seria surpresa imaginar que a chicotada elétrica que o cara dá no automóvel o parta em dois facilmente. O que é realmente “chocante” é que isso não foi um efeito especial. Para piorar, foram usados dois carros desses nas filmagens, que foram destruídos. Cada um vale US$438.000 + dano emocional, fora o fato que o carro é construído a mão, sem intervenção de máquinas.

    Imagino o que um cara, que passou noites em claro trabalhando nesses carros, pensaria ao ver suas obras primas serem destruídas como folhas de papel rabiscadas, sendo vistas por milhões de pessoas? Será que algumas das frases que passam em sua cabeça começariam com a palavra “Filho…”?

    Via | Top Speed


  • Watch Lee Dewyze “Hallelujah” video

    Watch Lee Dewyze "Hallelujah" video
    The singer Lee DeWyze is the favorite to win the title of American Idol. The aspiring artist, 24-year-old from Illinois, was the favorite of the judges last night, during the most recent edition of the singing contest.

    Lee DeWyze, 24-year-old from Illinois, was the favorite of the judges last night, after singing two songs: one chosen by judge Simon Cowell and the other chosen by him.

    DeWyze chose to sing the song by Lynyrd Skynryd’s “Simple Man “listed by the jury of the show as” brilliant. ”

    Later, Cowell made DeWyze sing the theme of Leonard Cohen “Hallelujah.”

    This was the interpretation which made the American Idol audience literally exploded in the amphitheater, along with the good reviews of the four judges.

    “Just unbelievable,” said Randy Jackson.



    Along with Lee, Casey James, and Crystal Bowersox are looking for the next Wednesday 26 to crown the new American Idol.

    The final competition will be broadcast live and live in Peru, through the sign of Sony.

    Lee DeWyze “Hallelujah”, American Idol 2010:

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