Author: Serkadis

  • A job, but there’s a catch: a 1,000-mile commute

    It’s one heck of a haul: more than 1,000 miles roundtrip, 16-plus hours of driving, every week.

    “I like to say I gave up an eight-minute commute for an eight-hour commute,” he says wearily, running a hand though salt-and-pepper hair as he watches his two sons play basketball for the first time this season.

    After the aging General Motors plant where he worked for 23 years was idled about a year ago, Hanley faced a Hobson’s choice: Stay with his family and search for an autoworker’s salary ($28 an hour) in a county where more than 40 percent of its manufacturing jobs disappeared from 2006 to 2009. Or hang on to his GM paycheck and health insurance and follow the job, no matter where it leads.

    In his case, it led to Fairfax, Kan., the same place his brother and two brothers-in-law – also GM workers, and now his roommates – landed. For others, it has been Indiana or Texas.

    The long commute is not just a story of hard times, tough choices and a shrinking American auto industry. It’s also a case study of what happens when an aging industrial town loses an anchor, when workers too old to start over and too young to retire are caught in a squeeze and when economic survival means one family, but two far-flung ZIP codes.

    Hanley is not one to complain.

    “GM has been good for us,” he says. “This whole town knows that.”

    For 90 years, the sprawling plant – it started out building tractors – became a different kind of family business. Through the decades, sons followed fathers onto the line, sometimes rubbing shoulders as they built Chevy Cavaliers, Caprices, Tahoes, Suburbans and more.

    Hanley’s father and brother worked there. So did his father-in-law, two brothers-in-law and an assortment of uncles, cousins, nieces and nephews.

    But as GM’s financial troubles mounted, car and SUV sales fell and gas prices climbed, the automaker closed several plants, eliminating thousands of jobs.

    Janesville – then the oldest of GM assembly plants – ended production of SUVs in December 2008, months before the automaker received billions of dollars in government loans and filed for bankruptcy. (The factory is on standby status; some hold out hope it will reopen one day.)

    Some of about 1,200 remaining workers took buyouts or retired; some began new careers. Hundreds more stayed with GM, relocating, commuting or just waiting for an opening. The automaker has about 6,500 laid-off workers nationwide.

    Even before the doors closed, Hanley began preparing for life after GM. He returned to college to complete two credits he needed for an accounting degree, but an offer in Kansas came first.

    He didn’t hesitate. Auto work these days is like playing musical chairs. You grab an opening where you can.

    Hanley didn’t want to lose his health insurance while his wife, Laura, was receiving costly chemotherapy treatments for a blood disease that will likely lead to cancer. The medical bills last year, she says, were in the tens of thousands of dollars.

    “There’s no way I could possibly go through one treatment without him having insurance,” she says.

    Like many other divided GM families, the Hanleys decided even though the job was important, there were reasons not to uproot everyone: Laura works at their sons’ Catholic school, the boys are immersed in band, Scouts, basketball and church, and the sale of a house was an iffy and perhaps money-losing proposition.

    Hanley knew it would be a trade-off – financial security for a lonely existence.

    His eyes mist as he talks about what he misses: dinner with his family, coaching basketball, going to the YMCA with his boys, wrestling with them at night, attending their concerts and games, watching them grow up.

    “It’s an adjustment, not being home,” he says. “I probably sounded cruel because I said I wouldn’t miss my wife as much because she’s going to be there when I come back, when I retire. But those years with the kids aren’t going to be there. That’s the hard part, not being able to be around them. … I don’t know if I really appreciated it before.”

    Hanley plans to commute another 18 months, until he turns 50, hoping for a retirement package then – something, he says, he “prays about every night.”

    Laura, meanwhile, does double duty as a single parent. It’s all overwhelming – working, shuttling her sons around, keeping an eye on her elderly mother and worrying about her husband’s long commutes.

    “The kids are tired of seeing mom cry because she’s stressed and seeing dad cry when he needs to go back to work,” she says. “We’re really close – the four of us. You can’t talk to a lot of people, either. They have no sympathy. They say at least he’s working.”

    And that’s nothing to take for granted in this southern Wisconsin county where unemployment has been in the double-digits for more than a year.

    For every one of about 4,500 GM and auto supplier jobs that disappeared, another was lost outside the industry, says Bob Borremans, head of the Southwest Wisconsin Workforce Development Board. The ripple effect was enormous: About 9,000 of the county’s 75,000 jobs vanished.

    The plant, itself, had long been a polarizing presence in the community, he says.

    “Because of the benefits, the working conditions, the pay … it was THE coveted job in the area,” he explains. “In many cases, people, because of who they knew, were able to walk in and get a job there. That created animosity.”

    “There are those people who worked there who have lost something they thought would be around forever and provided them with a real good lifestyle,” he adds. “But there are others, I would say, who were jealous of folks who had that opportunity. And they don’t have a lot of sympathy for the stress the (GM) people are feeling these days.”

    After seven months of commuting, Brad Morrison measures his world in numbers.

    -169,000 miles: The odometer reading on his 2002 Silverado.

    -$180: The cost of gas for weekly trips between Fairfax (just outside Kansas City) and Wisconsin.

    -Six years, two months. That’s when Morrison will have 30 years at GM and can retire with a full pension. He’ll be 49 then.

    Morrison started at GM as a teen, married his high school sweetheart, Sarah, and they had three children. With “two in college and one in braces,” he says, he didn’t consider changing careers.

    “I’m kind of trapped now,” he says.

    With his shock of white-blond hair, Morrison looks a decade younger than 43 but says 24 years of stooping, lifting car parts and standing have taken a toll – three surgeries on his knees, one on his left shoulder, another on his left wrist.

    Now, he says, there’s a grueling Monday to Friday work schedule, heading home at 2:40, arriving around 10 p.m., often too wired to sleep. On Saturdays, it’s reconnect-with-the-family time. And that can mean more driving: His 15-year-old son’s recent choral competition put him on the road five more hours one Saturday.

    On Sundays, he heads back at about 1 p.m. – 39 hours after arriving.

    “I’m worn down,” Morrison says. “You never get any rest. You’re always on the move. … It’s hard to have a family life or marriage. Try to be a husband or father at 500 miles away.”

    He never considers skipping a weekend. “I don’t know how a wife or kids can be too much of a hassle,” he says. “The hassle is just not having them with me.”

    Morrison and his wife, a school aide, talk several times a day. In between, they text each other with endearing “I miss you” and “I love you” messages. “We’re hopeless romantics,” he says. She concurs: “He’s my best friend.”

    But living apart is more than an emotional strain. It’s expensive, too.

    Morrison refinanced his house to free up more money for monthly expenses that include gas – $720 when he drives alone – and $425 in rent and utilities for an apartment he shares with another Janesville transplant. (GM, in many cases, provides some compensation for workers who relocate.)

    But this is just temporary.

    The Morrisons decided they don’t want to live this way; they plan to sell their Wisconsin house and Sarah and their youngest son, Austin, will move when the school year ends.

    Though they’ll be together, Morrison doesn’t feel secure.

    “This plant is no safer (from downsizing) than any other,” he says. “I don’t take my job for granted anymore. … Do I regret working for them? No. It’s good money. It was a good company back then. It still is.”

    “The auto industry is a lot like a roller coaster,” he adds. “When the going is good and you’re at the top, everything is boom. When it’s times like this, you’re at the bottom. But I still feel fortunate even to be there. I can still hold on. And I count my blessings for that.”

    John Dohner can be forgiven if he has that feeling of deja vu when he pulls into the parking lot of the GM plant outside Fort Wayne, Ind.

    He has been there before. Decades ago.

    Then a fresh-faced 20 year old, Dohner moved from Janesville to Indiana, following his job building pickup trucks. He returned to Janesville when a spot opened seven years later.

    Now he’s reversing course as a 44-year-old family man with a wife, three kids (21, 17 and 15), a house, a 13-acre farm and a good life almost 300 miles and one time zone away – a life he’s not about to abandon.

    Ditto for his job.

    “I’m not going to walk away,” he says. “I’m not giving them the satisfaction of giving them 25 years of my life and not get anything in return.”

    Like others, he has his eye on the prize: the 30-year finish line.

    Dohner is among dozens of Janesville commuters who form a caravan every Saturday morning to make the 275-mile trek home. (He turned down a GM job in Kansas. The drive was too long, he said.)

    Soon, one of his laid-off brothers will join him in Indiana; another still is waiting. Their father, John Sr., heads United Auto Workers Local 95.

    With Dohner gone, his wife, Jane, has become skilled at everything from repairing water tanks to installing furnace filters. Her day starts at 4:45 a.m., when she and the kids feed the dogs, rabbits, cows, chickens and horses. The two boys take care of their dad’s snow plow business. Dohner still keeps up his duties as chair of the tiny township (population 800), using vacation days to attend monthly meetings.

    On Sundays, Jane gives her husband spaghetti casseroles, brownies and other dishes for the week, and waves goodbye.

    It’s much easier than last summer. She sat on the front porch and cried the first time he left. “You can’t think of five years,” she says. “I think I can’t do it for so long. … I just texted him Thursday night and said, ‘This stinks.’”

    But there seems no good solution.

    “We built this place and worked so hard to get it to where it is, so do you want to leave?” she says, glancing outside at the tranquil snow-covered countryside where the dogs frolic and horses graze. “But some days,” she says, “I think we should have all gone as a family.”

    Steve Kerl now knows about the rodeo, the Texas Rangers and traffic jams – all part of his new surroundings.

    He works at the GM plant in Arlington, Texas. His home remains in Janesville, about 1,000 miles away, making it impossible to return more than a handful of times in the past year, though his wife, Kristy, and two children have visited.

    When Kerl first drove down last March with his wife, they talked several times about turning around. He forged on, but his wife didn’t like what she saw, so she returned home.

    If it’s any comfort, Kerl can look around the factory floor and see others who’ve picked up stakes, coming from Michigan, Tennessee, Missouri – and, of course, Wisconsin.

    Kerl says he transferred to Texas because it was the only option then and auto jobs were fast disappearing. “I figured it would be better being on the inside looking out rather than the outside looking in,” he says.

    He wishes he could see his daughter’s cheerleader activities and would have liked to have taken his son to college. “He’s only going to be a freshman once,” he says.

    And yet, he’s reluctant to gripe about his life.

    “You can’t put a negative spin on it and say you hate it. I’m working long hours, making good money,” he says. “My kids’ educations are being paid for. … I can tell you right now that a lot of the people who took the buyouts are struggling now. They can’t find a job anywhere.”

    It may get worse, too, this summer when health care and unemployment benefits expire for some former GM workers.

    “I don’t think the community has felt the entire blow yet,” says the elder Dohner, the UAW local president. When the benefits are gone “and it’s time to build roads and keep the schools open, everyone is going to realize there’s a big, big hole.”

    Now 43, Kerl has seven more years to reach the 30-year milestone.

    He doesn’t expect he’ll spend all that time in Texas. But that’s fine.

    “If they announced this plant was closing, I’d pack up my stuff and go to the next one,” he says. “We’ll get through it. I’m going to ride this to the end.”

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services


  • Sailors rescue woman from suburban Harbor

    WILMETTE, Ill. (STMW)  — A north suburban woman was lucky that a seaman at the U.S. Coast Guard Station in Wilmette wanted some fresh air early Sunday morning.

    Seaman Reginald Edwards cracked his window open about 1 a.m. before going to sleep when he heard someone screaming for help, Petty Officer Chris Summers told Pioneer Press.

    Edwards woke the other sailors on duty and called 911.

    Petty Officer Kevin Ray and Summers ran outside and kept calling to the person so they could locate her by the sound of her cries.

    “We kept yelling out to her,” Summers said.

    They did not see her until they were near the edge of the water in the Lake Michigan harbor.

    “She was holding on to a tire chained to a concrete wall,” Summers said.

    The 21-year-old woman’s shoulders and head were above the water, but because the wall was a vertical drop of about 5 feet, she could not climb out.

    By laying down he was able to reach the woman’s hand, while Ray grabbed Summers’ legs so he would not fall into the water. Summers pulled the woman up high enough for Ray to reach her other arm and they lifted her to safety.

    The Coast Guard has equipment specifically for ice rescue, Summers said, “but in this situation we were able to go in directly and rescue her. The victim was becoming less and less responsive; we knew we had to act fast.”

    The Grayslake woman was placed in a hypothermia recovery capsule, made of a fabric designed to use a person’s body heat to assist in re-warming, the Coast Guard reported.

    The sailors then wrapped her in blankets and treated her for hypothermia until paramedics from the Wilmette Fire Department arrived.

    Wilmette Fire Lt. Mark Cacchione said the woman was “disoriented, but conscious.” Paramedics transported her to Evanston Hospital where she was reported in stable condition Sunday, the Coast Guard reported.

    Summers estimates less than five minutes passed from when Edwards heard the screams to when they had pulled the woman out of the water.

    His bedroom is less than 100 yards from where she was found. Coast Guard personnel did not know how she got in the water.

    The Coast Guard warns people to use caution when walking on or near ice, never go out alone, and remember, “No ice is safe ice.”

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services


  • Mother charged in closet death of newborn

    CHICAGO (STMW) – The 25-year-old mother of a newborn has been charged with murder after allegedly hiding the baby girl in a plastic bag in her North Side closet Friday evening. 

    Marisol Molina, of the 6100 block of North Sheridan Road, has been charged with one count of murder, police News Affairs said Monday.

    Baby girl Molina, born on Thursday, was found dead at 6157 N. Sheridan Rd., according to a Cook County Medical Examiner’s office spokesman, who said the newborn was found dead in a closet. A Saturday autopsy come back inconclusive and is pending further studies, the medical examiner’s office said.

    Marisol Molina gave live birth to the baby and then placed the baby inside a plastic bag and concealed the bag in a closet, causing her death, police said. 

    Police were notified of the death about 6:30 p.m. Friday, police News Affairs Officer Daniel O’Brien said. It was unclear who called police.

    Loyola University Chicago’s Lake Shore campus is located just blocks away.

    Illinois Dept. of Children and Family Services spokesman Kendall Marlowe said the agency was not investigating the death as of Friday night. An agency spokesperson could not be immediately reached for comment Monday morning.

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services


  • Broker: Buy Gold At Any Price And If You Lose, Blame ‘Them’

    Ton of Gold

    In an interview with Hard Assets Investor, gold bullion and numismatics broker Andrew Schectman believes you should get into gold at any price.

    Act fast, because supplies are limited and current offer prices won’t last long:

    Hard Assets Investor:

    [Emphasis added] It was not uncommon back in 2008 for me to say to a client, “Listen, I’ll lock in your order, but you’re not going to get any product for at least two, maybe three months.”

    The availability of product to me is the key to understanding the importance of buying gold and silver now, irrespective of what the price is doing, because since October 2007, the U.S. Mint has been the model of inefficiency.

    I think by the time people realize what’s going on, it’s my opinion that it will not be a hugely escalated price that will be the hindrance to them getting into the market, although that might attract their attention. But the main hindrance will be the lack of availability of refined product.

    Moreover, should the price of gold unfortunately fall, it’s ‘their’ fault:

    I do believe they realize they can no longer manipulate the market, and instead, I think they’re trying to organize an orderly retreat. As a result, volatility is something that is to be expected. And it really frightens most of the public out of the market. It is not unusual to see gold run up, suck in all the speculators, and then they hammer it.

    But prior to that, they had these super-low interest rates in order to stimulate the stock market and housing market, as we’re losing all our manufacturing base, to keep things looking strong. … So they smashed it so much that it enabled the interest rates to be super low, and it kept people investing in our dollar-based instruments.

    So if they’re powerful enough to manipulate the price of gold and violate antitrade laws, then they’re probably powerful enough to tell the media to be quiet.

    As Mr. Shechter makes clear, it’s a shame gold prices depend completely on what other people think, rather than need. Else you’d simply be getting more productive assets every time their price fell.

    Read more at HAI here >

    Join the conversation about this story »

    See Also:

  • The Revenge Of Obamacare Just Tanked Merck And Other Pharmaceutical Manufacturers (MRK, GSK, ABC)

    Shares of Merck & Co. Inc. (MRK) are currently down $0.58 or 1.55% to $36.92 a share as Obama unveils his latest healthcare initiative.

    One damming factor of the President’s agenda is a $10B hike in additional fees on drugmakers.

    Shares of Glaxo Smith Kline (GSK) are also falling, currently down $0.83 or 2.2% to $37.42 a share. AmerisourceBergen Corp. (ABC) is down $0.17 or 0.66% to $27.95 a share.

    drug companies feb21

    Join the conversation about this story »

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  • MUST SEE FOR FUN: (CLEAN) Hitler Learns of Global Warming Collapse

    Article Tags: Satire, YouTube

    For those of you who enjoyed MUST SEE FOR FUN: Glaciergate: Hitler’s Last Straw and MUST SEE FOR FUN: Hitler On Climate Change . You will enjoy this latest addition, yet another German film with wrong English subs.

    A non-profane version of Adolph Hitler becoming enraged when he learns that the lies and distortions about man-made global warming have been exposed.

    Read in full with comments »   


  • Video: Aston Martin Rapide in Action in Valencia

    Just last week we brought you over 100 new high-res photos of the new 2011 Aston Martin Rapide sedan. We now have a new video of the Rapide in action during its test-drive days in Valencia.

    Hit the jump for the new video (and make sure you watch in HD if you can).

    Click here for more news on the Aston Martin Rapide.

    Click here to visit egmCarTech videos.

    Refresher: Power for the Aston Martin Rapide comes from a 6.0L V12 engine making 470-hp and a peak torque of 443 lb-ft. Mated to a Touchtronic 2 6-speed gearbox with electronic shift-by-wire control system, the Aston Martin Rapide can go from 0 to 60 mph in 5.1 seconds with a top speed of 188 mph.

    Aston Martin Rapide:

    Aston Martin Rapide in Action in Valencia:

    Aston Martin Rapide:

    – By: Kap Shah


  • Garmin Asus Nuvifone M10 photo-view

     

     

    DSC_9178 DSC_9214

    Click for larger versions

    PDA.pl has some high quality studio pictures of the new Garmin-Asus Nuvifone M10 recently announced at Mobile World Congress.

    They reports the handset is a night and day improvement over the M20, the device is extremely responsive and comes with piles of accessories.

    See the full gallery at PDA.pl here.

  • MySpace to Become a 'Discovery' Engine

    With Facebook at 400 million users and MySpace bleeding more each month, it has been clear for a while now that the social networking wars are over. But don’t cast off MySpace for dead just yet, there may be some life in it left, or at least that’s what News Corp. is hoping. For the past few months, there has been a clear focus on content as a differentiatin… (read more)

  • Apple, It’s Time to Focus on the iPhone’s Camera

    With the next iPhone revision theoretically only months away, attention is turning again to what we can expect in the form of updates. Obviously, we’re all looking forward to the fourth generation iPhone sporting an octocore A4 processor, 3D OLED HD screen and, naturally, Flux Capacitor. But the question on my lips is — what will Apple do with the camera? Because, let’s face it — something needs to be done.

    Both the original iPhone and iPhone 3G sport a fixed-focus two megapixel camera. The iPhone 3GS offers a beefy 3.2 megapixel camera with auto focus, auto white balance and video recording. Even so, the camera in the 3GS is nothing to write home about.

    As the saying goes, your best camera is the one you have on you, right now. Your Canon DSLR might have cost a small fortune and produce stunning photos, but it’s pretty much useless if it’s not within reach when you need it. When I leave my house it’s not always practical (or appropriate) to take my pro-kit with me (especially in London where everyone with a camera is considered a terrorist these days).

    My iPhone is always where I happen to be. That means most of the time, day or night, my iPhone is the best camera I have. And that’s a pretty galling thought, given how limited it is.

    And, I might as well mention now, before the inevitable backlash from fanboys defending Apple from even the tiniest criticism; it’s not an unforgivable crime to point out the iPhone’s failings, and that little camera has always been something of a disappointment.

    Bigger Picture, More Noise

    The obvious prediction I could make for the next iPhone is an upgrade to a five megapixel image sensor. Those sensors are cheap, they’re proven technology and they could fit into the existing iPhone form. But even if that happened, the results wouldn’t be much better than we get with the 3GS. Sure, they’d be bigger pictures, but they’d just contain more noise than ever before. Y’see, the problem is light; there’s just not enough of it, unless you’re standing outside on a bright sunny day.

    In moderately low-light (indoors in your home, for instance) most cellphone cameras would struggle without a powerful flash. Significantly larger, more sensitive image sensors fare better without a flash, but due to their size (and the need for absolute rock-solid stillness when shooting) they tend not to find their way into cellphones.

    Some might argue at this point (somebody almost always does) that I’m expecting too much. “If you want to take better photos,” goes the argument, “just use a real camera instead.”

    Y’know, three years ago I was so impressed with everything else Apple had accomplished with the iPhone I’d have been inclined to agree. Today, however, my response is a Mosspuppet-inspired “Shut up!” You see, there is simply no reason Apple can’t vastly improve the camera in this device.

    Three Steps to Camera Nerdvana

    You just knew I had a list of suggestions, right?

    Hardware

    One easy way to greatly improve the camera’s quality is to use an actual optical lens made from precision-ground glass rather than the current arrangement — a tiny blob of resin atop an image sensor. Just this one change alone would produce far higher-quality images. It would also increase the iPhone’s manufacturing cost, not to mention its waistline — can you see Steve Jobs approving that?

    Software

    Most cellphone camera software is appalling. Even well-regarded megapixel handsets are often hobbled with fiddly, lackluster camera software (Nokia, anyone?) By comparison, the iPhone’s Camera app is light-years ahead of other manufacturers. And yet, it’s still really tricky hitting that button if you find you must use only one hand. Plus, a more sophisticated camera will demand more sophisticated configuration & shooting options which the current software simply doesn’t offer.

    Processor Power

    Ever noticed that awkward lag when launching the Camera app and waiting for the iris to open? Or the lag when you hit the ‘shutter release’? The delay is simply the time needed for the app to load into memory, for the auto-focus and white balance to do their thing and for images to be processed, geo-tagged and stored. It all makes sense, but boy could it use a speed-bump. Increasing the iPhone’s horsepower will help enormously, and if the iPad’s A4 processor proves anything, it’s that Apple knows how to make custom silicon that delivers impressive results while remaining power-efficient. We can only hope the next iPhone gets something like an A4…

    As it stands, I get a little anxious when I have only my iPhone’s camera to rely on — it makes me feel like I have to settle for second-best those times when I can’t take my beloved Canon DSLR. But it doesn’t have to be this way. And now that Apple has perfected so much else that was once considered ‘wrong’ with the iPhone, it’s about time it focused (ahem) a little more on the camera.

    Related GigaOM Pro Research: How Apple’s New Nano Makes Pocket Video Mass Market

  • Officially Official: Audi RS5 hitting Geneva with 450-hp 4.2L V8

    Filed under: , , ,

    Audi RS5 – Click above for high-res image gallery

    Over the weekend, we got our first look at official images of the new Audi RS5 when a brochure leaked out onto the interwebs, but it didn’t contain any technical details of the latest product from Quattro GmbH. Thankfully, our friends in Ingolstadt have seen fit to drop that information on us this morning, and as we suspected, they have opted to go with an upgraded version of the engine that served so well in the late RS4.

    The 4.2-liter V8 remains naturally aspirated, but its breathing has been improved to bring the maximum output up to 450 horsepower and 317 pound-feet of torque. The power peak comes up at 8,250 rpm, just shy of the 8,300 rpm redline, and maximum torque is delivered throughout the range between 4,000 and 6,000 rpm. The RS5 comes out the factory with the ability to accelerate to 62 miles per hour in 4.6 seconds on the way to a governed top speed of 155 mph. Owners that wish to exceed that speed can have the governor unlocked, enabling a terminal velocity of 174 mph.

    As usual with higher performance Audi models, Quattro all-wheel-drive is the order of the day for power distribution. However, unlike other recent applications that have used a Torsen center differential, the RS5 features the first use of a new crown gear differential with electronically controlled clutch pack. The torque split can be varied from the nominal 40:60 front-to-rear to as much as 70 percent front or 85 percent rear. An optional active torque vectoring rear differential is also available to further improve the RS5’s handling. The only available gearbox in the RS5 is a new seven-speed S-Tronic dual clutch transmission (DCT). Hopefully now that Audi has a high-output DCT, we’ll also see it replace the dreadful R-Tronic unit in the R8 soon.

    The RS5 will get its public debut in Geneva next week and goes on sale in Europe this spring for a base price of €77,000 (about $104,000). Sadly, U.S. Audi spokesman Christian Bokich tells Autoblog that there is nothing to announce right now about plans for the RS5 in this market.

    Gallery: Audi RS5

    [Source: Audi]

    Continue reading Officially Official: Audi RS5 hitting Geneva with 450-hp 4.2L V8

    Officially Official: Audi RS5 hitting Geneva with 450-hp 4.2L V8 originally appeared on Autoblog on Mon, 22 Feb 2010 10:58:00 EST. Please see our terms for use of feeds.

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  • SCEE: MotorStorm 3 domain registration doesn’t mean there’s a new game coming

    Just because SCEE registered the motorstorm3.com domain doesn’t mean that MotorStorm 3 is coming. That’s what a Sony PR guy said recently regarding the filing.

  • Obama proposes limits on insurance rates

    WASHINGTON — President Barack Obama is making a fresh attempt to rescue his health care overhaul by proposing a measure that would allow the government to deny or roll back egregious insurance premium increases that infuriate consumers.

    Coming just days before a White House health care summit with congressional leaders of both parties, Obama’s legislative proposal, which will be unveiled later Monday, likely represents the president’s last chance to salvage his signature issue.

    A White House official, speaking on condition of anonymity because details have not yet been officially released, said the insurance rate proposal would give the federal Health and Human Services Department — in conjunction with state authorities — the power to deny substantial premium increases, limit them, or demand rebates for consumers.

    In this initiative, the administration seemingly is playing directly to the same kind of public skepticism that has endangered the medical care system remake all along. Health care reform was a front-burner issue for Obama and majority Democrats in Congress until a little known Republican, Scott Brown, shocked the political establishment last month by defeating Massachusetts Democrat Martha Coakley in a special election to choose a successor for the late Sen. Edward Kennedy.

    Recent premium hikes of as much as 39 percent sought by Anthem Blue Cross in California have given Obama a new argument for his sweeping health care remake, stalled in Congress since Democrats lost their 60th Senate seat in a special election last month in Massachusetts.

    The proposal for tighter oversight of insurers is modeled on legislation proposed by Sen. Dianne Feinstein, D-Calif., and will be part of a broader plan the White House plans to post on its Web site at 10 a.m. Monday, ahead of Thursday’s health care summit.

    Until now, Obama has argued what should and should not be in a health care overhaul, but the legislation itself has largely been left up to majority Democrats in Congress to draft. It’s the most detailed proposal yet to come from Obama.

    His plan is expected to require most Americans to carry health insurance coverage, with federal subsidies to help many afford the premiums. Hewing close to a stalled Senate bill, it would bar insurance companies from denying coverage to people with medical problems or charging them more. A tax on high-cost health insurance plans objected to by House Democrats — and labor unions — would be scaled back. The expected price tag is around $1 trillion over 10 years.

    Republicans have already served notice they’ll continue to oppose it. They want Obama to start over with the goal of producing a more modest bill that tries to curb costs and helps small businesses and people with health problems secure coverage.

    The summit at Blair House, the White House guest residence, will be televised live on C-SPAN and perhaps on cable news networks. It represents a risky and unusual gamble by the administration that Obama can save his embattled overhaul through persuasion — on live TV.

    Brown’s victory in Massachusetts reduced the Democrats’ majority in the Senate to 59 votes, one shy of the number needed to knock down Republican delaying tactics.

    Senate Minority Leader Mitch McConnell said Sunday he would participate, but insisted Obama and congressional Democrats would be wrong to push the bills they wrote in the House and Senate.

    “The fundamental point I want to make is the arrogance of all of this. You know, they are saying: ‘Ignore the wishes of the American people. We know more about this than you do. And we’re going to jam it down your throats no matter what.’ That is why the public is so angry at this Congress and this administration over this issue,” said McConnell, R-Ky, speaking on “Fox News Sunday.”

    Thursday’s meeting will take place nearly a year after Obama launched his drive to remake health care — a Democratic agenda item for decades — at an earlier summit he infused with a bipartisan spirit. The president will point out that Republicans have supported individual elements of the Democratic bills.

    Under the Obama plan, regulators would create a competitive marketplace for small businesses and people buying their own coverage. The plan would be paid for with a mix of Medicare cuts and tax increases. It would also strip out special Medicaid deals for certain states, while moving to close the Medicare prescription coverage gap and making newly available coverage for working families more affordable.

    Oversight of insurance companies has traditionally been a state responsibility. The proposal for a new federal role calls for setting up a new seven-member Health Insurance Rate Authority that would monitor insurance industry behavior and issue an annual report. States that beef up their consumer protection programs would be eligible for a share of $250 million in federal grants.

    People buying insurance coverage on their own would stand to gain the most, since big company plans are now exempt from state oversight.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • New Valkyria Chronicles DLC coming this Thursday

    Here’s some good news for Valkyria Chronicles fans. A new DLC pack will be avialble this Thursday on the EU PlayStation Store.

  • MUST READ: 75 reasons to be skeptical of “global warming” by Josh Fulton

    Article Tags: Josh Fulton

    article image

    Don’t miss this fantastic list of links from the JoshFulton.blogspot.com

    * Carbon dioxide contributes to only 4.2 – 8.4% of the greenhouse gas effect
    * Only approximately 4% of carbon dioxide is man-made
    * Water vapor accounts for 90 – 95% of the green house gas effect
    * 99.99% of water vapor is natural, meaning that no amount of deindustrialization could get rid of it
    * There have been many times when the temperature has been higher than it is now including the Medieval Warming Period, the Holocene, the Jurassic, and the Eemian
    * Increases in carbon dioxide follow increases in temperature by about 800 years, not precede them
    * Phil Jones of the Hadley CRU, and key figure in the “climategate” scandal, admits that there has been no “statistically significant” global warming since 1995
    * 2008 and 2009 were the coolest two years of the decade
    * During the Ordovician period carbon dioxide concentrations were twelve times what they are now, and the temperature was lower
    * Solar activity is highly correlated with temperature change:

    Source: joshfulton.blogspot.com

    Read in full with comments »   


  • Ok Go Singer Explains How Lack Of Embedding Videos Hurts Everyone

    As he’s done before, Ok Go’s lead singer Damian Kulash has taken to the NY Times Op-Ed pages to discuss the fact that his own record label seems a bit clueless. Basically, he’s repeating what he said a few weeks ago on the band’s website, claiming that YouTube only pays royalties on videos streamed on site, rather than embeds (someone from YouTube told me this is untrue, but when asked for specific confirmation I got no response). However, what is interesting, is that Kulash highlights two things:

    1. Their original video (the treadmills one) was made entirely on their own outside of EMI’s influence, and the success of that video has helped make EMI and the band a lot of money:


      In 2006 we made a video of us dancing on treadmills for our song “Here It Goes Again.” We shot it at my sister’s house without telling EMI, our record company, and posted it on the fledgling YouTube without EMI’s permission. Technically, this put us afoul of our contract, since we need our record company’s approval to distribute copies of the songs that they finance. It also exposed YouTube to all sorts of liability for streaming an EMI recording across the globe. But back then record companies saw videos as advertisements, so if my band wanted to produce them, and if YouTube wanted to help people watch them, EMI wasn’t going to get in the way.



      As the age of viral video dawned, “Here It Goes Again” was viewed millions, then tens of millions of times. It brought big crowds to our concerts on five continents, and by the time we returned to the studio, 700 shows, one Grammy and nearly three years later, EMI’s ledger had a black number in our column. To the band, “Here It Goes Again” was a successful creative project. To the record company, it was a successful, completely free advertisement.

    2. Once EMI disabled embedding on that video, the number of views dropped drastically, harming everyone’s bottom line:


      When EMI disabled the embedding feature, views of our treadmill video dropped 90 percent, from about 10,000 per day to just over 1,000. Our last royalty statement from the label, which covered six months of streams, shows a whopping $27.77 credit to our account.

      Clearly the embedding restriction is bad news for our band, but is it worth it for EMI? The terms of YouTube’s deals with record companies aren’t public, but news reports say that the labels receive $.004 to $.008 per stream, so the most EMI could have grossed for the streams in question is a little over $5,400.

    Now, I’ll quibble with Damian’s final point there. First, it’s still not entirely clear if it’s true that YouTube doesn’t pay for embed streams, but even if that’s the case, I’d argue that of the 10,000 views per day, it also increased the number of direct views (I quite frequently will click through on an embedded video to see it at YouTube itself — often to see more about who posted it, or sometimes the comments on the video). Second, if you recognize that embeds and things that get passed around are quite a bit like radio used to be, you have to imagine that some percentage of the 10,000 streamers per day went on to buy something from Ok Go that resulted in EMI making money. Cutting that by 90% just doesn’t make any sense. Perhaps it’s no wonder that EMI is on the verge of going out of business.

    Damian does go on to claim that record labels are an important part of the business in funding new acts, and helping them do more expensive things early on, while aggregating risk. Indeed. I don’t deny that at all — and, as I’ve said plenty of times before — there’s still a place for labels that wish to do things like that. The problem is that the labels have set up their business models to rely on a single revenue stream, album sales, that is increasingly less important. The rest of the music ecosystem is thriving and will continue to do so, and if it’s not the old record labels giving advances and aggregating risk to promising bands, others will step in to fill that gap. There’s too much opportunity and too much money for it not to happen.

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  • Rosenberg: Retail Investors Are Fleeing From Choppy Stock Rallies, Heading For Bonds

    david rosenberg

    In this morning’s Breakfast With Dave, Rosie explains how as the S&P continues its bull rally like that of years past, retail investors are seeing a flight from equities and money market funds into bonds due to the volatile nature of the markets.

    Income has officially become more important than taking big risks it seems.

    Breakfast With Dave: The bottom line is that even after the low-volume rebound in that past couple of weeks, the S&P 500 has done nothing over the past five months as it puts in a topping formation that is highly reminiscent of what we saw in 1987, 1990, 1994, 2000 and 2007. The retail investor continues to take advantage of any whippy rallies by selling into them and re-balancing into the fixed-income market in what certainly seems to have become a secular shift towards income and away from risk-taking capital appreciation strategies.

    Stock funds suffered a net outflow of $5.6 billion last week — $5.2 billion from U.S. funds and $400 million was withdrawn from foreign equity funds. True to form, bond funds took in a net $6.8 billion after $7.8 billion of net inflow the week before. It is fascinating to see where this so-called ‘mountain of money’ the equity bulls talk about incessantly is being put to work seeing as money market funds saw redemptions of $39.7 billion last week. They are going into bonds.

    Join the conversation about this story »

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  • High-Tech Imaging Helps Unravel Hepatitis C’s Secrets

    Park Systems’ ultra-modern imaging tool (XE-Bio) gives researchers new insight into the replication process of the Hepatitis C virus. The details revealed by the XE-Bio are likely to inspire new, highly-targeted, Hepatitis C medications.

    XE-Bio From Park Systems Brings Promise in Fight Against Hepatitis C

    February 16, 2010

    (Nanowerk News) The fight against the liver disease hepatitis C has been something of an impasse for years, with more than 150 million people currently infected, and traditional antiviral treatments causing nasty side effects and often falling short of a cure. Park Systems’ XE-Bio helped researchers at Stanford University discover a vulnerable step in the virus’ reproduction process that in lab testing could be effectively targeted with an obsolete antihistamine. XE-Bio successfully imaged and analyzed two of the compounds that most potently inhibit vesicle aggregation revealed their mechanism of action on 4BAH2 function. These results provide new insight into the molecular mechanism of HCV replication platform assembly, and demonstrate the utility of a novel small-molecule anti-HCV strategy.

    Continue reading this entire article:
    http://www.nanowerk.com/news/newsid=14840.php

  • Report: Handheld replicator can copy car keys by scanning lock in seconds

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    We love technology, but there are times when the smart-pants science types help the bad guys even more than the good guys. The latest example is called the Electronic Key Impressioner (EKI), and it makes the job of a locksmith (or Memphis Raines) a lot easier than it has ever been before. The scanner is a small hand-held device (pictured, above) with a scanning tip that electronically maps the inside of car locks. The device can then be attached to a computer via a USB device where lock mapping software accesses a list of updated key codes.

    While the EKI system sounds pretty easy to use, there are still some drawbacks. First of all, the device presently only works with Fords, though the creators hope to expand the amount of vehicles with which the EKI can work in the near future. The system also only works with traditional keys – the ever more ubiquitous transponder keys render the EKI useless. But there are still millions of vehicles with traditional keys on U.S. roads, and if the EKI can get other automaker key codes integrated into its software, the tool could be very handy for locksmiths if/when it becomes available by the end of the year.

    [Source: Popular Science]

    Report: Handheld replicator can copy car keys by scanning lock in seconds originally appeared on Autoblog on Mon, 22 Feb 2010 10:29:00 EST. Please see our terms for use of feeds.

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  • The White House’s New Healthcare Strategy: Make It All About TAX CUTS

    Here you go: The White House’s entire Plan B.

    The full details are here at WhiteHouse.gov. Below are some specific themes.

    This is very much a post-Scott Brown proposal. Look at the words the White House chooses to bold “affordable,” “market,”, “budget.” And there’s a hefty dose of tax cuts in there, for both individuals and small businesses.

    The proposal will make health care more affordable, make health insurers more accountable, expand health coverage to all Americans, and make the health system sustainable, stabilizing family budgets, the Federal budget, and the economy: 

    • It makes insurance more affordable by providing the largest middle class tax cut for health care in history, reducing premium costs for tens of millions of families and small business owners who are priced out of coverage today.  This helps over 31 million Americans afford health care who do not get it today – and makes coverage more affordable for many more. 
    • It sets up a new competitive health insurance market giving tens of millions of Americans the exact same insurance choices that members of Congress will have.  
    • It brings greater accountability to health care by laying out commonsense rules of the road to keep premiums down and prevent insurance industry abuses and denial of care.  
    • It will end discrimination against Americans with pre-existing conditions.
    • It puts our budget and economy on a more stable path by reducing the deficit by $100 billion over the next ten years – and about $1 trillion over the second decade – by cutting government overspending and reining in waste, fraud and abuse.

     

    Summary Presidents Proposal(2)

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