Author: Serkadis

  • ‘You could be the one to beat’ Cowell tells DeWyze

    Simon Cowell was once again singing Lee DeWyze’s praises Tuesday night.

    Cowell’s reaction to the Mount Prospect “American Idol” contestant?

    “You may be the one to beat in this competition,” Cowell said. “You are the best singer and you are head and shoulders above everyone else.”

    DeWyze took on Hinder’s “Lips of an Angel” and though he admitted to struggling with nerves and pitch, all four judges loved the performance.

    “I could hear you on the radio,” Judge Kara Dioguardi told him. “Your voice has a very commercial sound to it.”

    Still, DeWyze said he wasn’t comfortable on stage.

    “I’ve never performed with a mic stand before,” he said.

    But the judges agreed if he gets his nerves together, he’s a very strong contender.

    Looks like the producers might agree, placing DeWyze in final slot of the evening in what’s commonly referred to as the “pimp spot.”

    The news wasn’t as good for the two other contestants with Chicago connections.

    Northbrook’s John Park performed John Mayer’s “Gravity” and had a rough go of it.

    “After that I think Purple Haze might be getting its lead singer back this week” Cowell said, referencing the Northwestern a cappella group Park belongs to.

    Jermiane Sellers, the church singer from Joliet, fared even worse. His cover of “What’s Going On” was not well received.

    The men were originally slated to perform tonight, but female contestant Crystal Bowersox was rushed to the hospital Tuesday and the guys got pushed up a day.

    Two guys and two girls go home Thursday night.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • Hulu Loses The Daily Show And Colbert

    For a while now Comedy Central’s two most popular shows, The Daily Show with Jon Stewart and The Colbert Report have been available for streaming online on both Hulu and on the Comedy Central websites for each program. I’d always wondered why Viacom had allowed those two shows on Hulu, seeing as Hulu is basically owned by Viacom’s competitors — and those two shows are some of the most popular on Hulu. Over those two years, though, Viacom has also built up its own online sites — actually building some (weak, but still some) aspects of community around both sites. Apparently, it realized it had all the leverage, and Hulu wasn’t willing to pony up. So Viacom is pulling both shows from Hulu next week. This is a pretty big loss for Hulu, though the company is trying to shrug it off. But it does suggest yet another potential problem with Hulu’s business model. For all the crap we give Viacom over things like its YouTube lawsuit, the company has worked hard to try to build community around these particular shows — but other shows that are relying on Hulu can’t do that as easily.

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  • Killings in suburb are first in a decade

    DARIEN – Police responding to a 911 call from a young woman hiding in a closet early Tuesday discovered her parents and brother shot dead inside their suburban home in an upscale subdivision just west of Chicago.

    Investigators with police dogs scoured the snow-covered, tree-lined grounds around the two-story home for clues that might lead them to a suspect in Darien’s first murder in more than a decade, said John Cooper, deputy police chief in the city of about 20,000.

    The victims were identified as Jeffrey Kramer, 50, his 48-year-old wife, Lori Kramer, and their 20-year-old son, Michael Kramer.

    No suspect in the slayings was in custody as of Tuesday afternoon, and no weapon had been found, Cooper said.

    The Kramers’ 25-year-old daughter, Angela, called 911 from inside the closet at around 3 a.m.; a second son, Anthony, 29, was also in the house, as was a 17-year-old woman not related to the Kramers. None of the three was injured, and none was considered a suspect, Cooper said.

    Lori Kramer was found on a stairway leading up to the second floor, while her husband and son were found on the first floor, Darien Police Chief Robert Pavelchik Jr. told reporters.

    The house appears to have been targeted, and other residents were not in danger, Pavelchik said. He did not elaborate.

    Residents were in a state of disbelief that a triple killing could occur in their otherwise serene neighborhood, said Aldo Costabile, who lives half a block from the Kramer home.

    “Crime has never been a concern here, which makes this more shocking,” he said.

    The elder Kramer owned a towing company, and his wife worked in publishing, said neighbor Daniel Marquez, who described them as a fun-loving couple who held frequent barbecues and enjoyed their reputation as the neighborhood’s No. 1 Chicago Bears fans.

    “Nothing could be said but that they were wonderful,” he said. “Jeffrey mowed his lawn with a beer in his hand – a regular guy.”

    Read the original article from Journal Star.

    Distributed via Chicago Press Release Services


  • Senate approves jobless aid, road funding

    The Senate has passed stopgap legislation to extend help for the jobless and keep federal highway dollars flowing.

    The 78-19 vote came after a Republican senator who was single-handedly holding up the legislation finally relented under withering assaults by Democrats and dwindling support within his own party.

    Kentucky Republican Jim Bunning had been holding up action for days but conceded after pressure intensified with Monday’s cutoff of road funding and longer and more generous unemployment benefits and health insurance subsidies for the jobless. Bunning was seeking to force Democrats to finance the $10 billion measure so that it wouldn’t add to the deficit.

    Read the original article from Journal Star.

    Distributed via Chicago Press Release Services


  • Activision reveals new direction for the Call of Duty series

    The Infinity Ward drama caused quite a stir yesterday, from the reported bouncer type dudes storming the studio to the sudden departure of IW heads Vince Zampella and Jason West. Now Activision has finally responded to the

  • February Car Sales: Down From January, Lowest Since Cash-For-Clunkers Was Launched Last September

    chartClick on graph for larger image in new window.

    This graph shows the historical light vehicle sales (seasonally adjusted annual rate) from the BEA (blue) and an estimate for February (red, light vehicle sales of 10.4 million SAAR from AutoData Corp).

    This is a 3.5% decline from the January sales rate.

    The second graph shows light vehicle sales since the BEA started keeping data in 1967.

    chartThis is the lowest level since September – when sales fell sharply after the “Cash-for-clunkers” program ended in August. The current level of sales are very low, and are still below the lowest point for the ’90/’91 recession (even with a larger population).

    Right now it looks like both seasonally adjusted auto sales and residential investment will be lower in Q1 than in Q4 2009.

    Join the conversation about this story »

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  • 2010 Geneva: Aston Martin Cygnet, rich people want to go compact too

    The Aston Martin Cygnet made its world debut today at the 2010 Geneva Motor Show. According to Aston Martin, the Cygnet is “a bold step towards a new form of transportation; the luxury commuter car, a form of personal transportation that sees the company’s core values engage with a new environment.”

    “Many of our customers have a need for a small car for urban and city use,” said Aston Martin Chief Executive, Dr Ulrich Bez. “The Cygnet Concept brings intelligence, innovation and artistry to the small car market. The Cygnet Concept represents the natural choice for those customers looking for a premium commuter car. Our past, our future and our backbone will always remain sports cars, but the Cygnet Concept will support this by offering our customers a greater degree of freedom in the urban context.”

    Click here for more news on the Aston Martin Cygnet.

    Hit the jump for the updated high-res image gallery.

    Refresher: Based on the Toyota iQ, the Aston Martin Cygnet will be powered by a 1.3L engine making 97-hp, allowing it to hit a top speed of 105 mph. Aston Martin will make around 2,000 units and will sell them for around £20,000 (about $35,000 USD) a pop. The Cygnet is only available to those who currently own an Aston.

    Aston Martin Cygent:

    Press Release:

    Gaydon, Warwickshire 2 March 2010: The Aston Martin Cygnet Concept is a bold step towards a new form of transportation; the luxury commuter car, a form of personal transportation that sees the company’s core values engage with a new environment.

    The Cygnet Concept enhances the marque, pointing to a future of ongoing innovation, design and technology; allowing Aston Martin customers a greater degree of freedom without compromising the levels of design, quality and innovation that embody the brand.

    An Aston Martin delivers the pleasure and exhilaration of driving combined with an appreciation of craftsmanship, design and technology. But Aston Martin is also about innovation, forging new links and associations; and bringing the brand’s qualities to new sectors of the market.

    The Cygnet Concept is the result of a unique and intelligent collaboration, the coming together of two companies that are leaders in their respective fields. The project has required a close intellectual and engineering partnership, resulting in an inventive solution that unites volume and niche automotive engineering.

    Aston Martin has always understood the importance of an emotional engagement with its products. As the company continues to innovate and diversify its product portfolio, emotional design will remain at the heart of its strategy, be it through the exhilarating sound of a V12 engine, the unmistakeable silhouette of an Aston Martin sports car or the quality, craftsmanship and skill that is evident in an Aston Martin interior. The Cygnet Concept exemplifies this latter attribute, demonstrating the high levels of detail design and craft that are integral to every Aston Martin, presented within a compact and highly advanced technological package.

    The Cygnet Concept is a demonstration of Aston Martin’s unrivalled skill at creating hand-crafted interiors. The rich blend of hand-stitched leather, Alcantara and aluminium is shared with Aston Martin’s sports cars. The company’s extensive experience of traditional processes and richly detailed craftsmanship gives each Aston Martin a unique feel, bringing together detailed design work, high technology and exquisitely tactile materials.

    As a luxury commuter car that can slip easily and unobtrusively into the city, the Cygnet Concept is a highly intelligent solution to urban mobility. Using tried and tested technology, together with Aston Martin’s acclaimed levels of personalisation and customisation, material quality, craft skill and tactile delight, the Cygnet Concept is innovative and forward-thinking, a genuine solution for future mobility and a natural partner for Aston Martin’s line-up of acclaimed luxury sports cars.

    – By: Omar Rana


  • FoMoCo tops GM and Toyota in February

    Plagued with recalls, Toyota Motor Corp reported a 9% drop in U.S. sales for February. But contrary to popular expectation, the other automakers didn’t gain as much market-share as expected. FoMoCo, which posted a strong month to launch ahead of GM and Toyota to take the top spot in the U.S. market, doesn’t attribute much of their growth to Toyota’s problems.

    Although industry-wide sales rose 13% from one year ago, it is largely attributed to fleet sales as there were many forces keeping consumers out of showrooms. FoMoCo VP Ken Czubay believes that many traditional Toyota customers sat on the sidelines instead of purchasing elsewhere.

    With sales down all across the Toyota lineup, there was not much loss of existing customers according to one exec. It is believed that many customers simply delayed purchase so that they may see what incentive deals Toyota will be offering to retain customers.

    While GM didn’t immediately have any estimates ready as to the effect the Toyota issue has had on their numbers, they did not show the growth that Ford did, and attribute a weak February to the snow storms that hit the Northeast for much of the month.

    – By: Stephen Calogera

    Source: CNNMoney


  • District 150 worker arrested in battery incident

    A District 150 employee has been arrested for battery following an incident last week at Greeley Alternative School.

    Benjamin L. Thornton, 26, was arrested Monday by Peoria police and given a notice to appear in court for battery. He has not been formally charged in court for the misdemeanor.

    Police said witnesses saw Thornton put his hands on a student and force him to the ground in a classroom last Thursday. The age of the student was not known.

    District 150 officials said Thornton was not working in any of its schools on Tuesday but did not comment on the status of his employment with the district. Thornton, a special education attendant who works one-on-one with a student at Greeley, has worked for the district for about two years.

    On Monday, interim Superintendent Norm Durflinger said an employee was being investigated for shoving and hitting a student last week. Durflinger said the incident took place last Thursday in a classroom, but district officials didn’t become aware of it until Monday.

    Durflinger said students and two adults saw the incident at Greeley, 919 NE Jefferson Ave. Durflinger said the student was not in special education. Durflinger said there were “no injuries we could see.”

    District 150 classifies Greeley as an “alternative school” or “regional safe school” serving grades six through 12.

    The school admits students who have been expelled from a Peoria County school, are in danger of expulsion because of a history of suspensions, and students placed there for an individualized education program or by a director of student affairs, the district said.

     

    Ryan Ori can be reached at 686-3264 or [email protected]. Dave Haney contributed to this report.

    Read the original article from Journal Star.

    Distributed via Chicago Press Release Services


  • Two hotels planned at Signature Inn site

     

    The former Signature Inn of Springfield will become two hotels — one an extended stay and the other limited service — once a major renovation is completed later this year, the president of the ownership company said Tuesday.

     

    The inn at 3090 Stevenson Drive, which is on property owned by City Water, Light & Power, closed last month.

    “It isn’t all nailed down yet, but it will be all new. There will be a major remodeling of the hotel,” said Jim Erkmann, president of Prehn Plaza, a family-owned group that recently purchased the hotel.

    Erkmann, who is based in St. Louis, said the group has leased property from CWLP at the location since the late 1960s. The hotel opened in 1969 as a Sheraton Inn on what was then the Route 66 Bypass.

    CWLP spokeswoman Amber Sabin said in an e-mail the current lease for the property is $1 a year through 2034. She said the payment works out to $1 because of the way the original property was subdivided and subleased through CWLP.

     

    Conference center goes first

    Erkmann said Prehn Plaza is liquidating remaining furnishings and cleaning up the 84-room property. Demolition of the conference center portion of the hotel should begin in a month.

    He said the plan is to use the front section for the extended-stay hotel, with a 75-room limited-service hotel behind it.

    “It (the conference center) has served its time. The new products are in limited service. That’s where the market is right now,” said Erkmann. He said the hotel will not have food, a restaurant or indoor pool.

    But he said an agreement is near with a national brand for the limited-service property. The site also adjoins a Bob Evans restaurant. He said the group has not yet decided whether to seek a franchise for the extended-stay hotel.

    Erkmann said the group decided to part ways with the previous management company, Atlanta-based Longhouse Hospitality.

    “They changed their plans. … We mutually agreed to terminate their lease,” said Erkmann.

     

    Economy a factor

    “It was a combination. The economy was such that it just didn’t make since to keep operating, nor did it make sense for us to make the investment to make it viable,” said Dave Carley, executive vice president of Longhouse Hospitality.

    Carley said he believes a hotel can be restored at the busy intersection, but that it was not in Longhouse’s long-term plans.

    Gene Rupnik, owner of a Day’s Inn on the same corner of Dirksen Parkway and Stevenson Drive, said there are signs of revival in the travel industry. But he said it remains one of the most difficult periods of his more than 30 years in the business.

    “It’s been down for two years, but since last September it’s as though the entire country quit traveling,” said Rupnik, who also owns the Microtel Inn & Suites on Dirksen Parkway.

    “We talk to so many people who are out of jobs and worried about their jobs, and they’re holding on to their money,” he said.

    Rupnik said a stretch of businesses along the south side of Stevenson Drive, including the Day’s Inn, are on CWLP property. He said the fact the land is owned by a city utility should not be a significant factor in restoring and marketing the old Signature Inn.

     

    Tim Landis can be reached at 788-1536.

     

    Hotel businesses at 3090 Stevenson Drive

    * 1969 — Sheraton Inn-Springfield opens at Stevenson Drive and the Route 66 Bypass (later Dirksen Parkway); estimated cost $1.8 million

    * 1991 — Affiliates with Best Western International

    * 1997 — Converts to Signature Inn

     

    Source: State Journal-Register archives

     

    Read the original article from The State Journal-Register.

    Distributed via Chicago Press Release Services


  • GM recalls 1.3 million Chevys and Pontiacs

    Certain GM owners will be joining Toyota owners on the recall lines as 1.3 million Chevrolet and Pontiac vehicles have been targeted for recall due to a power steering failure issue that is tied to 14 crashes and 1 injury in the United States. Those vehicles to be recalled include the 2005-2010 Chevrolet Cobalt, 2007-2010 Pontiac G5, the Canadian-sold 2005-2006 Pontiac Pursuit, and the 2005-2006 Pontiac G4, which was sold in Mexico.

    The NHTSA was advised by GM on Monday about the recall, after GM concluded an internal investigation that was started in January of 2009. The NHTSA opened its own investigation covering 905,000 Cobalts after receiving 1,100 similar complaints.

    GM said that the issue tends to develop over time, and is unlikely to affect those vehicle sunder warranty. The condition has been noticed to impact those vehicles that have been driven 20,000 to 30,000 miles. It is important to note that even if the power-steerign failure occurs, the vehicle can still be controlled safely, as the consumer will still be able to steer the vehicle.

    – By: Stephen Calogera

    Source: CNNMoney


  • 2010 Geneva: Alfa Romeo Pandion Concept revealed in Geneva

    Alongside the Pininfarina Alfa Romeo 2uettottanta Concept, Bertone displayed its new Alfa Romeo Pandion Concept, “an aggressive yet beautiful coupé designed as a tribute to Alfa Romeos’ one hundred year anniversary.”

    The Alfa Romeo Pandion is the first car designed by Mike Robinson in his new role as Design and Brand Director at Bertone – and we have to say – it’s a job well done.

    The compact sports car concept (4620 mm in length, 1971 mm wide, 1230 mm high, 2850 mm wheelbase) is powered by an Alfa Romeo 4.7L V8 making 450-hp and 346 lb-ft of torque.

    Alfa Romeo Pandion Concept:

    Press Release:

    PANDION

    A DREAM ALFA ROMEO BY BERTONE

    – The Pandion: a summary

    After a two year absence from the international scene, Bertone returns to the Geneva Motor Show, unveiling a concept car that makes its world premiere here: the Pandion, an aggressive yet beautiful coupé designed as a tribute to Alfa Romeos’ one hundred year anniversary.

    The Pandion: an extreme and controversial sports car in typical Bertone fashion. The size of the concept car (4620 mm in length, 1971 mm wide, 1230 mm high, 2850 mm wheelbase) offers a compact sports car external dimensions with a large sports car interior feeling, all powered by a 4.7 litre, 450 CV 8-cylinder Alfa Romeo engine.

    The Pandion is the first car produced by Mike Robinson in his new role as Design and Brand Director at Bertone. A pure ‘dream car’, the Pandion takes its rightful place as a member of Bertone’s historic Alfa Romeo family: cars that have always been style icons, influencing the history of the automobile and Italian craftsmanship in their excellent design quality, proving themselves to be undisputed benchmarks for the entire world of car design.

    The name comes from the animal world, as Pandion Haliaetus is the scientific name for an Osprey: a sea hawk that nests and lives in coastal areas. The designers, led by Mike Robinson, have drawn inspiration from the wings of this predator to invent the spectacular door opening mechanisms, and from the hawks’ facial markings to project the traditional Alfa family feeling into the next era of design.

    In almost a century of Bertone tradition, it is not the first time that natural wonders have inspired the names of concept cars. Just think of the Corvair Testudo (1963) and, by no coincidence, the Alfa Romeo Canguro (1964), Carabo (1968) and Delfino (1983).

    – Design: the initial concept

    The Pandion’s taut and muscular body is the result of an original interpretation of the Alfa Romeo badge, where the man-eating snake depicted there represents the attraction of elegance (what we call the ‘Skin’), and the aristocratic cross symbolises the rigour of rational thought, the technological aspect (what we call the ‘Frame’). According to this interpretation, the Pandion’s design is, like every Alfa Romeo, a perfect synthesis between ‘Skin and Frame’, an ideal balance resulting from a tension between opposites: technology and sensuality, rationality and instinct, architecture and sculpture, structuralism and organicism, industrial excellence and excellent craftsmanship.

    The design of the Pandion is based on a concept Robinson calls: “Skin & Frame” – a new interpretation of the inherent duality in the 100 year old Alfa Romeo logo. “Skin” refers to the snake in the logo, representing the world renowned Italian excellence in beautiful, seductive forms; and “Frame” refers to the cross in the logo, representing the mechanical excellence in high performance Italian race cars. The combination of the two has now become a dynamic dial searching for an ideal balance resulting from the tension between opposites: technology and sensuality, rational and emotional, architectural layout and sculptural form, structural and organic, industrial excellence and artisan excellence.

    According to this interpretation, the vibrant energy in every Alfa Romeo is represented by Pandions’ spinal structure (or ‘Frame’), which crosses the length of the car from the V-shaped grille in the nose of the car to the V-shaped bumper in the tail of the car, crossing the interior as a visually aesthetic structural element which supports the surrounding shell (or ‘Skin’).

    – Design: details that count

    The Pandion’s front end features a long and sculpted sloping bonnet that creates what is, to all intents and purposes, a mask, almost like the helmets worn by ancient warriors. The Alfa Romeo ‘family feeling’, immediately recognizable at first glance, does not admit even a hint of retro nostalgia and looks to the future with a revolutionary and novel elegance. There is no doubt it’s an Alfa Romeo with a look that has never been seen heretofore. The typical Alfa quad headlights are buried deep in the outer-most tips of the T-shaped grille, highlighting the wide stance of the impressive coupé. Four white bars of light strike the observers’ curiosity, two position lights above and two fog lights below, creating a virtual bi-plane of light at night. The typical five horizontal bars on every Alfa Romeo radiator grille are just visible here, offering a reference to the marque’s historic identity. The front grille is full of thousands of tiny intertwined blades which contribute to the new Algorithmic Design throughout the car.

    The Pandion has the profile of a true sports car, with no room for compromise. The architectural layout is ‘cab rearward’, meaning the passenger compartment is positioned towards the rear of the car and the long bonnet pushes the car’s visual centre rearward. The body side visually connects the sensuous front end with the razor-edged rear by means of an extremely long flowing side window which stretches from front wheel arch to rear, enhancing the excellent accessibility of this low-bodied sports coupé. Since sports cars are traditionally difficult to get in and out of, this important ergonomic activity has been facilitated with an extra wide door opening to make up for the low roofline. This new graphic formula not only adds a striking new visual division between the upper and lower parts of the body, but it also offers an incredible panorama window for passengers inside. The strong diagonal dark-light division in the rear of the side view accentuates the powerful rear wheel drive layout and draws special attention to the hidden door opening mechanism.

    The rear end features a striking array of crystal-like blades which are intertwined in various widths and lengths, protruding out into space. The rear of the car in fact has a disembodied or “pixilated” look, representing a tail-of-the-comet metaphor, as if the sheer speed of the vehicle is pulling the underlying, technical “Frame” rearward, away from the sensuous, flowing “Skin” above. This “dematerialization” phenomenon of the car is generated by the intrinsic motion of the form, which means the car looks like it is moving even when it is standing still.

    There are also two small fixed white shields below the rear bumper which hold the quad tailpipes, creating a visual continuation of the white side panels which seem to wrap around under the car.

    The taillights are fully integrated into the organic tangle of the blades and disappear when turned off. The new Alfa Romeo family feeling is again visible in the rear of the car with same V-shaped bumper found on the front of the vehicle, which the travels the entire length of the body, forming a powerful virtual, Alfa Romeo backbone.

    The doors, as in many other Bertone-designed masterpieces (such as the 1968 Alfa Romeo Carabo, the 1970 Lancia Stratos 0, the 1972 Lamborghini Countach, and the

    2007 Fiat Barchetta), open in a visually striking manner. Virtually hinged around the axis of the rear wheel, the Pandion doors open by rotating backwards, ending up a perfect 90 degrees above the center of the rear wheel, lifting up the entire body side of the vehicle, from the front fender to the rear fender. When fully open they are more than 3.6 metres high. This spectacular solution is design mainly for glamour, bringing back the “wow” factor to today’s lackluster automotive industry. This futuristic door mechanism also has a pragmatic side as well. Since all ‘extreme’ sports cars are literally impossible to get in and out of, the Pandion is designed to utilize the horizontal space in the car since the vertical space is so limited.

    In the event of an accident that results in a ‘roll-over’, the doors detach from the car body so that the passengers can exit of the car.

    – The interior: minimalist glamour

    The shapes that make the Pandion spring to life are the result of a design study aimed at creating an organic whole, without resorting to short-cuts to ensure continuity between the interior and exterior, a perfect balance between architectural rigour and the spectacular shapes of living organisms.

    The design language used to create the passenger compartment has resulted in a fluid environment, due to the fittings that seem to have grown spontaneously, without ever having been either designed or constructed. We have named this expressive code, never seen before in the automotive sector until today, algorithmic design. The concept, taken from the world of mathematics, indicates an organic alternative to traditional design and is the ‘propagation of random forms’. It is as if the design were following a kind of complex development which is neither linear nor geometric, generating an ‘auto-organising’ shape, with the ‘spontaneous growth’ of algorithms such as ‘swarms’ or ‘vines’.

    When observing the interior of the Pandion, the first things that draw our attention are the front seats. The car’s layout is typical of Alfa Romeo coupés, i.e. 2+2. While the two rear seats are the classic ‘extra spaces’, the front seats are two incredibly thin (30 mm) ergonomic chaise longue chairs. They have carbon fiber shells (that mimic the style of the car’s exoskeleton or ‘skin’) covered in Technogel® and backlit with reLIGHT® fabric, that conforms to the shape of the driver’s or passenger’s body. The principle that inspired the designers was that of ‘zero gravity’, i.e. a warm and welcoming environment that would convey a sensation of enhanced quality of life inside at first sight, but… with zero gravity.

    In fact, all the furnishings inside the passenger compartment all tend to float visually, suspended in the magic of the blue light. Behind these minimalist choices however lies a careful study of ergonomics: the seats are the result of a perfect synthesis between high performance, flexibility and lightness. The clear floor is illuminated in the same “swimming pool blue” color of the seats, offering a spectacular visual continuation of the voluptuous seats, with its’ flowing contours where the driver and passenger can feel protected in a truly glamorous shell.

    The steering wheel is clearly that of a sports car, while the controls are similar to those of Alfa Romeo race cars, with two analogue dials placed directly on the steering column. Three of the four LCD screens offer a rear view inside the passenger compartment (two on the sides, one on the windscreen) and they are directly connected to the external video cameras that substitute the rear view mirrors normally placed outside the car. The larger screen placed in the centre (9″), in the middle of the console – and within reach of the passenger as well as the driver – also displays information on the car’s systems (air conditioning, sound systems, Sat Nav, etc…).

    – Conclusion

    ‘We are walking in the footprints of giants.’ That is the Bertone company motto. The giants referred to are Giovanni and Nuccio Bertone. However, following in their footsteps does not mean copying them, on the contrary. It means applying their teachings and using them as guidelines for further advances. We ask our designers to follow a total creative method, where they observe phenomena that are apparently unrelated to each other and try to apply them to the automotive world.

    However design research is not enough. At Bertone we study concepts, and therefore each design is the result or a spinoff of an innovative idea or a new phenomenon. Mike Robinson, Design & Brand Director at Bertone, comments: ‘Cars are like films: they must tell a story to win people over. The best car designers are necessarily excellent narrators and their products, whether they are concept cars or mass-produced products, reflect their creators’ ability to gather fascinating ideas from every field, from all over the world, to bring them together and transform them into new and great stories. This is what we have attempted to do with the Alfa Pandion.’

    – By: Kap Shah


  • Can You Identify This Uber-Volatile Commodity That’s Affected By The Car Market?

    Here’s a quick test: name this metal that’s deeply intertwined with the car market, and very on edge due to the Toyota (TM) issues:

    chart

    No idea yet?

    Let’s zoom in a bit:

    chart

    Give up?

    Okay, it’s palladium, the crucial metal for the car industry, that’s been moving on the Toyota news.

    The crucial thing to note: we’re almost back to the January 19th highs (pre-Scott Brown), the same day the market and Toyota topped for the year.

    Join the conversation about this story »

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  • CinemaNow Coming to all Windows Phones

    image

    For some time now, we have known about CinemaNow being available to the HD2, but Sonic is looking at the big picture. They recently announced to investors the availability of their CinemaNow software to all windows phones.

    The CEO of Sonic also had a few words to say.

    “Sonic’s goal is to leverage device and format expertise … to power digital delivery as a format that offers consumers greater convenience and flexibility than physical discs,” Habiger said.

    “We continue to believe the key viewing area [for movies] is the living room,” said Ralp Schackart, digital media analyst with William Blair & Co.

    This seems like a sure thing, and with the sales of Windows Mobile rapidly increasing due to some big hitters like the HD2 it will be a matter of time before more companies sign up for the Windows Phones train.

    Via:homemediamagazine

  • German Court Says Data Retention Rules Are Illegal

    Around the world, law enforcement has pushed for stronger data retention rules for years, despite little evidence that it actually helps stop crimes (in fact, there’s evidence that it helps to obscure important data by burying the data in tons of more data). Yet, since law enforcement and the media can team up to create moral panics, politicians usually end up passing such laws. However, over in Germany, the highest German court has ruled that the data retention law passed in 2008 is illegal, saying that “the law’s erosion of personal privacy outweighed its usefulness in combating terrorism.” Furthermore, the court has ordered that data retained under the law should be destroyed immediately. The court noted that the German law went well beyond EU requirements and potentially harmed the rights of German citizens by having them feel like they’re under constant observation:


    The storage of data could “cause a diffusely threatening feeling of being under observation that can diminish an unprejudiced perception of one’s basic rights in many areas,”

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  • Legislators turn down plan for test of concealed carry

    Peoria residents will have to wait to participate in a test of concealed carry in Illinois.

    A Senate committee on Tuesday declined to consider a bill that would have set up a pilot program to see whether a law allowing people to carry concealed handguns would work in Illinois.

    The Senate Public Health Committee voted 9-0 to send the bill, sponsored by Peoria Republican Sen. Dale Risinger, to a subcommittee on “special issues.”

    Peoria Mayor Jim Ardis told the committee Peoria residents were “overwhelmingly in favor” of the legislation.

    “We are average American citizens who want to protect our families, our homes and our businesses,” he said.

    Risinger said the legislation will be brought up again next year.

    “We think it’s very important to our city to make it safe,” he said.

    Illinois and Wisconsin are the only two states that do not allow some form of concealed carry. Efforts to do so regularly are blocked by disputes between downstaters who support looser restrictions and Chicagoans who want tighter ones.

    Tuesday’s measure would have allowed someone with a permit to carry a concealed handgun within Peoria for two years. Applicants would have to be at least 21 years old, live in Peoria for at least one year, be a U.S. citizen and have a valid Firearm Owner’s Identification Card.

    Applicants would be denied if they had served more than one year in jail, were convicted of a violent crime, had a history of mental illness or had been treated for drug-related issues.

    Permits would have cost $100 each.

    Risinger said the committee’s makeup made it clear the idea wasn’t going far.

    “If you look at the make up of the committee, the majority of Democrats are from Chicago,” Risinger said. “I think they have true feelings that it’s the wrong way to go.”

     

    John Guidroz can be reached at 782-6882.

     

     

    Read the original article from The State Journal-Register.

    Distributed via Chicago Press Release Services


  • Video: Porsche casts father Ferdinand in 918 Spyder concept video

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    Porsche 918 Spyder – Click above to watch the video after the jump

    Porsche just released a video showing the new 918 Spyder concept – setting the stage by taking a look back at the very first car designed by a Porsche way back in 1900. The Porsche 918 was a bit of a surprise leaking out just ahead of this week’s Geneva Motor Show launch. Porsche is telling us that we can have our cake and eat it too with the 918. It’s a parallel hybrid with both a 500-horsepower V8 and a pair of electric motors adding another 218 hp. That’s enough power to launch this Carrera GT-like supercar from 0-62 mph in 3.2 seconds as it charges on to a 198 mph top end. The best part about it is that Porsche says it can also return 78 miles per gallon while emitting just 70 grams of carbon dioxide per kilometer.

    We knew all of that already though. What we didn’t know was that Porsche was going old school with their video pitch for the 918. Click through and you’ll find a video after the jump. In it you’ll see turn-of-the-20th-century citizens gazing in wonderment at the revolutionary Porsche electric vehicle that could go a scandalous 50 kilometers per hour! Imagine that. The video transitions to talk of the newest Porsche, and it’s pretty revolutionary in its own way. We have to say that this vid would be way cooler if the 918 Spyder concept were actually a pure EV with wheel hub motors, just like the 1900 original, but it is still pretty cool.

    [Source: Porsche]

    Continue reading Video: Porsche casts father Ferdinand in 918 Spyder concept video

    Video: Porsche casts father Ferdinand in 918 Spyder concept video originally appeared on Autoblog on Tue, 02 Mar 2010 19:59:00 EST. Please see our terms for use of feeds.

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  • Elgin man jailed on charges he beat child with belt

    An Elgin man faces several felony battery charges alleging he beat a child with a belt Monday morning.

    Jonathan D. Hare, 36, of the 1600 block of Mulberry Lane, is charged with aggravated battery of a child and two counts of aggravated domestic battery stemming from the incident.

    Police were in the area on an unrelated call about 10:28 a.m. when officers learned of the alleged battery nearby, said Deputy Police Chief Jeffrey Swoboda

    The belt caused injuries to the child’s face, arms, chest and back, according to statements at Hare’s bond hearing Tuesday morning. Police notified Illinois Department of Family and Children Services and the child is now living with a relative, Swoboda said.

    Kane County Judge Bruce W. Lester set Hare’s bond at $17,000 and he remains in custody at the county jail, unable to post that amount, pending a scheduled court appearance March 11.

    He could be sentenced to between two and five years in prison if found guilty of the most serious charge, authorities said.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • Former inmate: Tenney ‘wants to be bigger than Brian Dugan’

    Awaiting trial for his third murder, Edward Tenney wanted to make sure his name made prime time.

    A former DuPage County jail inmate testified Tuesday that Tenney concocted a fame-seeking plot to kill a prosecutor in court with a handmade knife the killer bragged he would use during a sneak attack.

    Timothy Kortz said Tenney showed him the weapon while detailing the murderous plan in late 2007. At the time, Kortz was jailed on car theft charges. He later wrote a March 12, 2008 letter about the plot to the DuPage County state’s attorneys office while serving a five-year stint in a state prison.

    “He’s going to bring it to court and attack you,” Kortz testified, quoting his letter. “He has grown his hair into horns and thinks he’s the devil. This is a very sick man.”

    “He wants to be bigger than Brian Dugan,” Kortz continued, referring to another infamous murderer housed near Tenney before a jury sent him to death row last year for the 1983 murder of 10-year-old Jeanine Nicarico of Naperville. “He said he enjoys killing. Ed Tenney should never ever be allowed to walk a free man again.”

    Tenney, 50, is serving two life prison terms for the 1993 fatal shootings of 75-year-old Virginia Johannessen and dairy heiress Mary Jill Oberweis, 56. The two widows, who lived alone, were killed 10 months apart in separate home invasions in an affluent Aurora Township neighborhood in Kane County.

    Last week, a DuPage County jury convicted Tenney of a third murder – his first – for the fatal shooting of Jerry Weber late April 16, 1992. Tenney robbed the 24-year-old Aurora man of a wallet containing $6, as Weber tried to free his van from a muddy field, three weeks after his second son was born.

    The jury, led by a 65-year-old Willowbrook woman as its foreman, is considering whether to impose a death sentence. If not, Tenney will receive his third life prison term.

    In urging a death sentence, prosecutors presented more than one dozen witnesses to detail Tenney’s life of violence. He was convicted of robbing businesses, burglarizing homes, possessing weapons, and repeated jail escape attempts in Illinois and Florida during a criminal history that dates back to when he was 17.

    The prosecution will rest its case Wednesday after calling Sharon Weber as its final witness. The widow is expected to deliver an emotional victim-impact statement. Her sons, David and Erik, joined her in court Tuesday.

    Kortz said Tenney enjoyed his “celebrity” status in the jail and wanted to kill a prosecutor so that he would garner “prime time” television notoriety. Tenney was never charged with threatening a public official, but sheriff’s officials testified they nabbed him with homemade weapons during his incarceration.

    The defense team plans to present mental health experts who will testify that Tenney suffered severe emotional and physical abuse while growing up in a dysfunctional family that led him from an early age to take a “defensive protective stance for what he perceived to be a hostile world.”

    The sentencing hearing, before DuPage Circuit Judge Daniel Guerin, may end Friday.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • The Garrett, Watts Report (March 2, 2010)

     

    garrettwatts

     

    To Our Clients, Colleagues and Friends,

    • The Cal basketball team just clinched the Pac-10 championship, their first since 1960. In the intervening years 50 years, UCLA won 26 Conference titles, Cal zero. It’s been a long, long wait.
      j4
      You hear older Cal fans tell each other “Y’know, I could die in peace if we could just get back to the Rose Bowl one more time before I croak.”   Isn’t it amazing, 26 Nobel Prize winners and they haven’t been to the Rose Bowl since 1959!
    • Most of you have your audited financials back, so here’s a very simple and a very accurate way to assess the past year.  Take your pre-tax earnings and add back any losses from buy-backs or from adding to loan loss reserves. Now, divide that by your total loan volume. The average we saw last year was around 65-70 bps.  The top performers made 90-100 bps, and the best ones made 120+ bps.  This assumes you sold your loans on a mandatory basis.  If you sold best efforts, add about 50 bps to your number, 50 being about what you would have made in additional revenue if you had sold mandatory.
      If you made, say, 40 bps selling best efforts, add the 50 that you would have picked up had you sold mandatory. Your adjusted number is now 90, and that’s pretty good.
      If you sold mandatory and made much less than 65 bps, you’d better find out why you didn’t do better.  With volume and margins dropping, you don’t have much wiggle room.
    • The movie Orange County is about the smartest kid in class whose counselor sent the wrong transcripts and SAT scores to Stanford. What follows is his attempt to convince the Stanford admissions office that they got the wrong file and that they should reconsider him. One problem is that the kid’s brother helps make the trip up to Stanford to make the pitch, and the brother is a stoned Jack Black.  This is just one piece of it at Youtube

    It’s funny, but it’s also sweet.   And it shows all the anxieties and absurdities of the college admission process.  We rate this a Garrett, Watts A+.
    j3

    • Mortgage companies may have a great Quality Control department, but if that’s all they have, they’d get a D- or F+ if they were a bank.  Regulators look to bank-owned mortgage banking operations as needing strong internal controls which allow the Board to identity, monitor, and mitigate risk.  What you call QC completely misses the need for oversight of all the functions in your business.
    • The key to a good Internal Audit Program is to evaluate the risk at all control points in the mortgage banking operation including (1) accounting policies and practices, (2) loan sales, (3) rate locks and hedging (4) pipeline management, (5) management of loans in process (6) loan production practices, (7) due diligence on loan officers, (8) hedging exposure and outsourced vendor management (9) underwriting (10) financial controls and financial reporting, (11), I.T., (12) accounting treatments (13) appraisal process, (14) re-purchases, and (15) investor report cards.  We’ve done internal audits on bank or thrift-owned mortgage companies, and these 15 items are really just a small part of what we audit.
    • Mortgage bankers and commercial bankers have lived with benign interest rates for quote some while now.  Are you prepared for real volatility? How will your business look if rates shoot up very quickly?  Look at the following, where rates went up 200 bps in six months in 1987

    April 1

    7.75%

    May 1

    8.00%

    May 15

    8.25%

    Sept. 4

    8.75%

    Oct, 7

    9.25%

    • We just learned from a reader that someone named Garrett Watts fought for the United States in the Revolutionary War.  Young Watts fought with the North Carolina contingent, and this young patriot may actually have been related to Corky Watts. The McAuley’s were farmers in Ireland at the time and the Garretts were using a less-Anglicized name as peasants in the Ukraine and Romania .
    • It looks more and more like GM (sometimes referred to as Government Motors) could have an IP0 in the next quarter or two with analysts believing it would give the company a $50-60 billion market cap. The U.S. government owns 60.8% of the company, so an IPO would go a long way to getting the government paid back.
    • Good line: “The stock market is essentially an argument over the future, staged over six-and-a-half hours each weekday, among people who can’t even agree what’s most important to be arguing about.” You could even shorten it to “The Stock market is essentially an argument over the future.”  Isn’t that a great way of putting it?
    • The city of Detroit is suffering, and the mayor wants to take lots of the empty and abandoned space and zone it so that people can farm it.  No matter how often you’ve seen this photo, it’s still shocking. It was once a crowded, thriving neighborhood.
      j2
    • From Vernon Hill on the idea that deposits don’t matter and that you simply get your funding through FHLB borrowings, brokered deposits, and CD’s over the internet: “Wholesale funding is cheaper…. but the real value of a bank is in its core deposits. Deposits come with customers who build a banking business.  Wholesale funding is an opiate that feels good, is unsustainable, and leaves just when you need it most.  The current crisis has again revealed the value of deposits and the risk of wholesale funding.” Amen to this!
    • Do you ever wonder what the heck HSBC stands for? High Standards Banking Corp? Till not too long ago, it was the Hong Kong and Shanghai Banking Corp., and in ways we don’t fully understand, it acted once as the Central Bank for Hong Kong and actually issued the currency.
      j1
      HSBC used to (and may still) publish their financials in Pound Sterling , U.S. Dollars, and Hong Kong Dollars. It’s now based in London , still has its roots in Asia , and is truly a global bank.
    • Three years ago you’d have been doing your TBA trades with Credit Suisse, Merrill, UBS, Goldman and Lehman, and today it’s mostly companies you never heard of.  How much do you really know about Broadpoint, Mesirow or Jesssup & Lamont?  Have you checked out their financials?  Have you been to their offices?  We don’t even know them well enough to be certain we’re spelling their names correctly! This is counter-party risk at its purest.  Know whom you’re doing business with!
    • Quick, which five pitchers have the best career winning percentages? Pedro Martinez (.691), Dan Foutz (.690), Whitey Ford (.690), Bob Caruthers (.688) and Left Grove (.680).  Those are amazing stats.
    • We were skimming through one of those books where colleges get to write two pages on how terrific they are. This is from Chapman College : “Our mission is to provide a personalized education of distinction that translates into you knowing us and us knowing you.”  Somebody get Strunk & White on the phone. It should be “…that translates into your knowing us and our knowing you.”   Where are the Grammar police when you need them?
       
    • Interesting bank factoids: (a) The average coverage ratio of reserves to noncurrent loans fell to 58% by year-end, the lowest since 1991.  (2) Only 31 new charters were granted in 2009, the lowest number since 1942.  And (3) We ended the year with 6,839 commercial banks and 1,173 savings institutions. We couldn’t sleep last night and read the FDIC Quarterly.
                                                             *    *

    We finished a Strategic Review and FOCIS-plus Review of a company that was doing well, but which wanted to do better. We looked at over 70 areas of their operations, tearing the company apart and putting it back together, looking for areas lacking strong controls, trying to find better ways to manage risk, and in the end, recommending better ways of utilizing their capital. The Plan will allow them to increase earnings by well over $2 million, probably more.  Its projects like these that make us love what we do.
    It’s drizzly and windy outside, but April’s less than a month a way, and isn’t Spring about the greatest thing in the world? By the way, lots of people follow directions and plant their daffodils in the Fall, which means they’ll flower in the middle of cold, rainy February and March.  Our little secret is to keep them somewhere cool (like your refrigerator) all Fall and plant them on New Year’s Day.  That way, they start flowering in April when you’re outside and can enjoy them more.  See you soon.

    Garrett, Watts & Co. 
    Helping lenders increase revenues, control costs, and better manage risk.