Author: Serkadis

  • Man charged with stepmother’s murder

    A 26-year-old man has been charged in the slaying of his stepmother, found bludgeoned to death in her northwest suburban home Thursday morning.

    The death marks the first murder in Fox River Grove’s history, according to Police Chief Ronald Lukasik.

    Martin Green of 111 Gladys Ave. is charged with two counts of first-degree murder in the death of his stepmother, 52-year-old Patricia McNamara, according to a Fox River Grove police release.

    At 8:12 a.m. Thursday, police found the body of McNamara, who apparently died from blunt force trauma injuries, according to Lukasik. A hammer recovered at the scene was considered evidence.

    Police went to the home after receiving a call from McNamara’s husband, who was locked out and called police for assistance, Lukasik said. Officers gained entry and found the body in a mud room in the garage.

    Lukasik estimated she had been dead for about an hour.

    Green was arrested after knocking on the door of a home in nearby Cary for help, Lukasik said. He was running and had fallen into the Fox River, where he took his pants and shoes off.

    He was taken into custody by Cary officers about 20 minutes after his stepmother’s body was found. Police took him to Advocate Good Shepherd Hospital in Barrington to ensure he wasn’t injured from the fall in the river or being in the icy water, Lukasik said.

    Green, who had been living with McNamara and her husband, had one prior arrest in 2008 for DUI.

    No one else was injured in the incident and police were not seeking anyone else in the murder, Lukasik said.

    Green is being held at the McHenry County Jail and is scheduled to appear in court on Saturday in Woodstock.

    Fox River Grove police, McHenry County Major Investigation Assistance Team, McHenry County Sheriff’s police, the McHenry County Coroner’s office and the McHenry County State’s Attorney’s office are investigating.

    Read the original article from FOX Chicago News.

    Distributed via Chicago Press Release Services


  • Inventory Cycle and GDP: What Made Q4 GDP So Strong And Why The Strength Won’t Continue This Year

    (This post is from Calculated Risk.)

    In Q4 2009 a majority of the increase in GDP was due to changes in private inventories. That can be a little confusing …

    First, GDP is Gross Domestic Production. What is being estimated is “domestic production”, but what is being measured is mostly domestic consumption.

    Right away we can see that if something is produced domestically and then exported, it will not show up in domestic sales. So exports are added to the equation, and imports subtracted. Investment and Government spending are also added to measures of consumption, and we frequently see an equation like this for GDP:

    Y = C + I + G + NX

    Y: GDP
    C: Consumption
    I: Investment
    G: Government spending
    NX: Exports – imports.

    But what about changes in inventories? The same ideas apply. What is measured are sales and changes in inventory, and then production is calculated:

    Production = Sales + Changes in Inventory

    The following simple table shows how this works, and how it impacts GDP:

    Inventory Sales Impact on GDP

    The first four quarters just show normal growth. Sales increase by one unit each quarter, and since inventory is steady, production increases with sales. This gives annualized GDP growth of 4%, and a slightly declining inventory-to-sales ratio (assuming inventory stay at the same level).

    Now look at Q5. Sales suddenly drop, but production still increases since the decline in sales was a surprise. This pushes up inventories. Production is measured from sales (100) plus increase in inventory (+4) and GDP still increases.

    Now in Q6 sales fall further to 97. The company reacts to the decline in sales and only produces 100 widgets. Inventory still increases (+3), but the combination of sales and inventory in Q6 is less than in Q5, so GDP declines sharply (marked in red).

    In Q7 sales have bottomed, but the company is still cutting back on producton because they have too much inventory. For Q7, Production = Sales (97) plus changes in inventory (-1) giving production of 96 widgets. That is sharply below the 100 widget production of the prior quarter, so even though sales have bottomed, GDP declines sharply.

    In Q8 sales increase slightly, but the company still has too much inventory, and they cut production further – resulting in a decline in GDP.

    Finally in Q9, sales increase again by one unit, and the company can now increase production almost to the level of sales. Inventory is still declining (production is less than sales), but production has increased sharply compared to Q8. This shows up as a surge in GDP of 23% in this example.

    Remember production in Q9 was calculated from sales and changes in inventory. Production of 98 widgets = Sales of 99 widgets, minus 1 unit for decline in inventory. The increase in production from 93 units in Q8 to 98 unites in Q9 is what shows up in the GDP report.

    By Q10 sales and production are pretty much back in equilibrium, but at a lower level than the peak. Now further increases in production depend on increases in sales.

    And that brings us to the Manufacturing and Trade Inventories and Sales report from the Census Bureau today that showed inventories declined slightly in December (seasonally adjusted).

    Inventory Sales Ratio Click on graph for larger image in new window.

    The Census Bureau reported:

    Inventories. Manufacturers’ and trade inventories, adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,310.7 billion, down 0.2 percent (±0.1%) from November 2009 and down 9.7 percent (±0.4%) from December 2008.

    Inventories/Sales Ratio. The total business inventories/sales ratio based on seasonally adjusted data at the end of December was 1.26. The December 2008 ratio was 1.46.

    This report suggests that inventories are back in line with sales, and the inventory cycle is mostly over (there will probably still be a positive contribution in Q1 2010 from changes in private inventories). Further increases in production will now depend on increases in consumption (or exports).

    Read more great posts at Calculated Risk »

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  • Feds prepare to brief public on Asian carp plan

    TRAVERSE CITY, Mich. — Federal officials are preparing to brief the public on their strategy for preventing Asian carp from infesting the Great Lakes.

    Representatives from the Environmental Protection Agency and other departments will participate in the meeting Friday afternoon in Chicago.

    Officials from states in the region also will attend.

    The Obama administration this week released a $78.5 million strategy for keeping the large, hungry carp from entering Lake Michigan through Chicago waterways.

    The government says it’s a solid plan, but critics are unhappy because it doesn’t close two navigational locks through which the invasive carp might reach the lake.

    Indiana joined Illinois on Thursday in opposing closure of the locks. Michigan and five other states want the U.S. Supreme Court to order them closed.

    Read the original article on DailyHerald.com.

    Distributed via Chicago Press Release Services


  • Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase

    Filed under: , , ,

    Spyker-Saab is reportedly passing “Go” and collecting $547 million while they’re at. According to Automotive News, the €400 million loan courtesy of the European Investment Bank (EIB) has received final approval. There’s even more good Saab-related news (that almost feels weird to type) – Spyker shareholders have approved the “we’re buying Saab” deal. The large loan is especially big news to Holland-based Spyker and Saab’s worldwide legion of rabid fans, for it was essentially the last piece of the puzzle standing in the way of – as Reuters of all publications points out – “[combining] two money-losing enterprises.”

    Now that they have the loan and the shareholders’ blessings, Spyker-Saab is looking to get their fledgling company list on both the London and Stockholm stock exchanges. Spyker CEO Victor Muller was asked if listing the company on the two new exchanges would make it easier to raise cash (duh), Muller replied that the end goal was to be “closer to investors.” If we were flip, we might modify that to read “closer to investors’ wallets,” but we’ll just leave it alone and hope that all this money goes into making the next 9-3 the very best Swedish hatchback it can be!

    One last thing – perhaps we’re getting ahead of ourselves by referring to the new company as Spyker-Saab. According to the Dutch supercar company’s press release today, they have postponed changing their name from Spyker Cars N.V. to Saab Spyker Automobiles pending a trademark discussion with aircraft manufacturer Saab AB. That issue is expected to be resolved at the company’s next annual meeting on April 22. Official press release after the jump.

    [Sources: Reuters, Spyker, Automotive News – sub. req.]

    Continue reading Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase

    Saab-Spyker is Go: EIB reportedly approves 400M euro loan, Spyker shareholders agree to Saab purchase originally appeared on Autoblog on Fri, 12 Feb 2010 13:30:00 EST. Please see our terms for use of feeds.

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  • Daley suspends ethics aide for mishandling intern’s sexual harassment complaint

    Mayor Daley has suspended his top ethics aide for mishandling an intern’s sexual harassment complaint.

    Anthony Boswell will serve a 30-day suspension without pay.

    The suspension relates to a complaint involving an intern at the 911 center. The intern claimed the 911 boss hit on her, invited her to ride his boat, and made comments about her appearance.

    Boswell is accused of mishandling the complaint and showing favoritism by trying to help the 911 center boss a new job in the mayor’s office.

    Boswell makes $161,000 a year.

    Read the original article from FOX Chicago News.

    Distributed via Chicago Press Release Services


  • Wall Street Journal confirms Windows Mobile 7 for Mobile World Congress, Pink phone for later

    According to Wall Street Journal, Microsoft plans to publicly show a new version of its cellphone operating system, Windows Mobile 7, for the first time, at Mobile World Congress at Barcelona on Monday, according to people familiar with the matter.

    The same “people familiar with the matter” said “the operating system sports a revamped user interface that resembles the look of Microsoft’s Zune HD music player”.

    Apparently a separate Microsoft mobile project, unlikely to be announced next week, to design a mobile phone aimed at teenagers, is also in the works. The device, code-named Pink, will be a successor to the T-Mobile Sidekick, and will be a youth-oriented smart phone powered by software and services from Danger and will heavily emphasize social-networking applications.

    The Pink phone is being manufactured by Japan’s Sharp Corp. and is expected to be sold internationally by Verizon Wireless and Vodafone Group PLC as early as this spring.

    Hopefully the soon to arrive Pink phone is the source of all the rumours of a rather crippled OS we have been hearing about recently.

    Read more at Wall Street Journal here.

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  • Man dies after Lincoln Square crash

    CHICAGO  — A motorist who was involved in a crash with a tow truck Sunday in the North Side Lincoln Square neighborhood died from his injuries Thursday night.

    Domingo Rivera-Lezama, 21, of  the 2800 block of  S. Kedvale Ave. was pronounced dead at Advocate Illinois Masonic Medical Center at 5:18 p.m. Thursday, according to the Cook County Medical Examiner’s office.

    Rivera-Lezama was the driver of a car that rear-ended a tow truck on Feb. 7 on Western near Montrose avenues about 6:50 a.m., police News Affairs Officer Michael Fitzpatrick said.

    He was not cited in the crash.

    An autopsy is scheduled for later today.

    Read the original article from WBBM News Radio.

    Distributed via Chicago Press Release Services


  • Aperture 3: Upgrading Aperture 2 Libraries May Cause Headaches

    So Aperture 3 is finally out. The trial has been an absolute dream to play with. It doesn’t upgrade your existing Aperture 2 library, so you need to test it on newly imported images. However, for those who immediately bit the bullet and upgraded with a full license, it hasn’t been all roses. If you’re new to Aperture in version 3, you may carry on with your day — but if you’re moving from version 2 to the 3, you should probably read on.

    Hopefully, you’re reading this before you’ve run into any problems. Here at TheAppleBlog, we aim to lessen your pain. It should go without saying, but please, please, make sure you’ve got at least one backup of your Aperture library. You should have this on any given day of course, but it counts double when you’re planning on upgrading and performing any changes to software in general. With that public service announcement out of the way, we can talk tragedies (hopefully averted).

    I haven’t had issues first hand (thankfully), because I’m still just using the trial version on a newly created version 3 library. But as my father-in-law dove right in, he’s had nothing but pain and frustration as Aperture 3 has attempted to update his existing library to the newer database structure. Looking at the Apple Support forums for Aperture shows that he’s not alone.

    The culprit seems to be at the point in time when the library file is being converted/upgraded. The beach ball of death comes on full force, and in turn makes the Mac unusable. This can go on for hours! At best you can restart and avoid the upgrade until there’s a fix to the issue — at worst, you may lose library data.

    Apple Support has recommended trying the Aperture Library First Aid. You have the option to Repair Permissions, Repair Database, or Rebuild Database with this tool. To access, you’ll need to open an Aperture Library file directly, and hold Option+Command while doing so. These processes have not proven to fix the issue, but are at least worth attempting.

    116 responses (at the time of this write-up) may not be a lot, relatively speaking, but clearly represents an issue to be aware of. If you’re considering buying the upgrade to Aperture 3, you may want to keep an eye on this forum until there’s an identified issue or fix. Happy upgrading!

    Thanks to Tom for the tip on this, and good luck!


  • Everything You Need To Know About Sovereign Debt Credit Default Swaps In 90 Seconds

    UkraineIn case you haven’t heard, everyone’s freaking out over sovereign debt.

    And it makes perfect sense. Using the 5-year credit default swap spread as a benchmark, one can now check out just how risky some countries have become in recent years. Remember: two years ago, no one in the world would have thought that Dubai would default.

    But let’s step back a second.

    CMA Vision has put together an excellent presentation on the situation all around the world in various regions. A quick read through this will get you caught up on who is weak and who is strong.

    Click to see the charts ->

    Join the conversation about this story »

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  • The Dynamite Prize For Economics Will Go To The 3 Guys Who Blew Up The World

    fiery-explosion.jpg

    This sounds pretty overdue.

    The Real-World Economics Review Blog is taking votes for  The Dynamite Prize in Economics. The prize will be be awarded to the three economists who contributed most to enabling the Global Financial Collapse (GFC), or more figuratively, to the three economists who contributed most to blowing up the global economy.

    Click here to vote.

    Here’s the list of nominees and explanations for why they were nominated. (via Barry Ritholz)

    Short List of Nominees for the Dynamite Prize in Economics

    Fischer Black
    and Myron Scholes
    They jointly developed the Black-Scholes model which led to the explosive growth of financial derivatives.  The importance given to their hypothetical calculation of derivative prices was baneful not just because it was bogus, but also because it meant that relevant and often urgent real-world economic research was widely neglected by the profession.  

    Eugene Fama
    His “efficient market theory” provided the moral umbrella for all sorts of greed, predatory behaviour and incompetent corporate management.  It also provided the rationale for deregulation.  And his theory’s widespread acceptance meant that “discussion of investor irrationality, of bubbles, of destructive speculation had virtually disappeared from academic discourse.”  In these three ways Fama’s work created the environment which made possible the GFC.  

    Milton Friedman
    He propagated the delusion, through his misunderstanding of the scientific method, that an economy can be accurately modeled using counterfactual propositions about its nature.  This, together with his simplistic model of money, encouraged the development of the financial theories with unrealistic assumptions that facilitated the GFC.  In short, he opened the door for everyone subsequently to theorize without fear of having to be attached to reality.  

    Alan Greenspan
    As Chairman of the Federal Reserve System from 1987 to 2006, he both led the over expansion of money and credit that created the bubble that burst and aggressively promoted the view that financial markets are naturally efficient and in no need of regulation.  Before a Congressional committee on 28 October 2008 Greenspan confessed that his theoretical beliefs of 40 years were now proven to be without foundation, hence his total confusion and failure at his job.  

    Assar Lindbeck
    By working to make the Riksbank Prize in Economic Sciences (“Nobel Prize in Economics”) almost exclusively a prize for neoclassical economists, this Swedish economist has contributed significantly to the conversion of the economics profession and of world public opinion to market fundamentalism.             

    Robert Lucas
    His development of the rational expectations hypothesis, which defined rationality as the capacity to accurately predict the future, both served to maintain Friedman’s proposition that monetary factors do not affect the real economy and, in the name of “rigor”, distanced economics even further from reality than Friedman had thought possible.

    Richard Portes 
    As Secretary-General of the Royal Economic Society from 1992-2008, he helped suppress worries expressed by non-mainstream economists about developments in the financial sector.  In 2007 he wrote a Report for the Icelandic Chamber of Commerce giving a clean bill of health to Icelandic banks only a few months before they collapsed.  When investigators called attention to the real state of Icelandic banking, he wrote a series of letters to the Financial Times defending the soundness of Icelandic banks and imputing professional incompetence to those who doubted it.  

    Edward Prescott and Finn Kydland
    For jointly developing and popularizing “Real Business Cycle” theory, which by omitting the role of credit greatly diminished the economics profession’s understanding of dynamic macroeconomic processes.  

    Paul Samuelson
    Through his textbook Economics: An Introductory Analysis (19 English language editions and translated into 40 languages), he popularized neoclassical economics, contributing more than any other economist to its diffusion and thereby to the deregulation of financial markets which made possible the GFC.  

    Larry Summers
    As US Secretary of the Treasury (formerly an economist at Harvard and the World Bank), he worked successfully for the repeal of the Glass-Steagall Act, which since the Great Crash of 1929 had kept deposit banking separate from casino banking.  He also worked with Greenspan and Wall Street interests to torpedo efforts to regulate derivatives. 

    Join the conversation about this story »

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  • Nissan da a conocer sus datos económicos del tercer trimestre del pasado año

    La marca japonesa Nissan acaba de dar a conocer sus datos económicos del tercer trimestre del año fiscal 2009. En resumén, la marca ha ingresado 340 millones de euros de beneficios en dicho espacio de tiempo por lo que han tenido un crecimiento del 10% de su facturación.

    Nissan - Logo

    Carlos Ghosn, presidente y CEO ha realizado el siguiente comunicado:

    Nuestro rendimiento durante el tercer trimestre de 2009 es alentador y demuestra que nuestras contramedidas están funcionando. A pesar de estos positivos resultados trimestrales, creemos que las condiciones en la economía global siguen volátiles e inciertas, por ello, nuestras previsiones seguirán siendo cautelosas hasta que veamos una clara evidencia de que la recuperación económica se mantendrá en los mercados mundiales.

    Por otra parte, las previsiones de la marca nipona para el cuarto trimestre son de una facturación cerca de los 56.000 millones de euros (3.000 más de lo previsto). Además, como curiosidad os diremos que han reducido sus gastos en I+D en 10 millones de euros.

    Related posts:

    1. Datos del Pagani Zonda Cinque Roadster
    2. Jaguar y Land Rover comienzan a dar beneficios
    3. Nissan GT-R 2012 en desarrollo
  • Mother Nature may not play nice with Vancouver Olympic Games

    Just another Winter day in Kaufman County, Texas. Photo: Green Right Now

    Olympic village scene? No, just another Winter day in Kaufman County, Texas. (Photo: Green Right Now)

    By Bill Sullivan
    Green Right Now

    If the Winter Games don’t work out in Vancouver this year, the International Olympic Committee can always consider a future move to…Dallas?

    Blame it on global warming or just bad luck, but the 2010 Games will get off to a queasy start for hosts and athletes alike. While the East Coast is buried in white stuff, and normally mild North Texas enjoyed a day-long snow on Thursday (ending with a record 11.2 inches recorded at Dallas-Fort Worth International Airport), folks in British Columbia were scrambling to make at least one Olympic venue look like a winter wonderland – with mixed success.

    At Cypress Mountain, in the lower hills outside the host city, officials have been importing snow to create a freestyle ski run scheduled to host medal competition in moguls on Saturday night.

    For Olympic organizers, Mother Nature has been quite the tease in the days leading up to Friday’s Opening Ceremony. Just as things were looking especially bleak at Cypress, the skies dropped several inches of unexpected powder on Wednesday. Before anyone could get too excited about that, forecast rains for Friday through Tuesday threatened an untimely turn for the worse.

    It’s an ironic twist for an organizing committee that vowed to make these the “greenest” Winter Games ever: Instead of snow and ice, spring is threatening to break out in some parts of the Olympic region.

    cypress mtn skiier

    Cypress Mountain skiier (Photo: Cypress Mountain Resort)

    The problems started last month, when Vancouver experienced its warmest January on record. While temperatures in the mid-to-high 40s are making for a strange backdrop for Winter Games, the heat wave and accompanying lack of snow has been particularly visible – and worrisome — at Cypress.

    As recently as last week, the freestyle course was largely grass and mud, creating a need for some creative thinking.

    Air-crane helicopters scooped up dirty snow from the other side of the mountain to lay a base. Trucks brought in whiter, more aesthetically pleasing stuff from higher elevations. Tubes filled with dry ice will be installed at the moguls and aerials courses to keep the runs from turning to slush when in use.

    With global warming and climate change such hot topics, the problems in Vancouver are likely to spur even more debate. In truth, however, weather extremes often pose problems at the Winter Games.

    Prior to the 1964 Games at Innsbruck, the Austrian Army was pressed into action to transport 20,000 blocks of ice to luge and bobsled runs and another 1.4 million cubic feet of snow to the slopes. In 1988, in Calgary, television cameras took only the tightest shots of the ski runs because anything off the course was mostly rocks and mud, the result of unseasonably warm temperatures.

    In 1994, in Lillehammer, a last-minute blizzard provided needed powder. And in Nagano, in 1998, sudden storms and fog showed little regard for the Alpine schedule.

    Vancouver may simply become yet another host with bad timing and worse luck.

    “We’ve pretty much done everything humanly possible to get conditions where we wanted them,” said Tim Gayda, the vice president of sport for the Vancouver organizing committee. “It’s been a monumental task.”

    No one thought much of it when a warm front moved into the city and the lower mountains around New Year’s Day. The early season had produced reasonable snows. Everything appeared to be on schedule. El Niño winds from Hawaii have been known to warm things up during a Vancouver winter, but the effect rarely lasted more than a few days.

    This one decided to stay a while.

    January’s mean temperature was 45 degrees (Fahrenheit), more than seven degrees above normal. That’s the warmest January on record (statistics officially have been kept since 1937) and a whopping five degrees above the previous high.

    The fact that it isn’t snowing in Vancouver is no surprise; it normally rains there in the winter. The lack of snow in the mountains is the twist.

    The North Shore range, an area that includes Cypress Mountain, normally has about 78 inches of snow by this time of season. This year, it has less than half that (about 35 inches). According to Environment Canada, the nation’s official weather service, that dramatic a drop happens about once a decade.

    Forecasts for Friday and Saturday, from Environment Canada, aren’t particularly encouraging.

    Meanwhile, up north at Whistler, midweek conditions caused a juggling of the schedule of training runs in preparation for Saturday’s men’s downhill. The problem: Too much snow. By late week, a different problem had emerged. That abundance of powder was being threatened by rain and fog.

    Copyright © 2010 | Distributed by Noofangle Media

  • Nissan announces Leaf purchase process, shows off Winter Olympics campaign [w/video]

    Filed under: , , , ,


    Nissan Winter Olympics spot – Click above to watch the video after the jump

    With the Winter Olympics opening ceremony taking over the world’s televisions tonight, we’re fully expecting several automakers to help pay for the world-wide show of athletic might with a multimedia ad blitz. Nissan is apparently on-board, as the Japanese automaker has created a one-minute brand awareness-style commercial with a twist for the interesting festivities.

    The ad contends that Nissan has stylish vehicles like the Altima, lifestyle rides like the Cube, performance vehicles like the 370Z and a rolling legend in the GT-R. What’s missing? Something for the tree-hugging environmentalists and urban jungle travelers among us. Nissan will use the 2010 Winter Olympics to show the world how it will address that issue by using the bright lights of the world stage to “plug” its most electrifying upcoming vehicle. You can see the commercial for the first time by hitting the jump and watching it for yourself.

    In related news, Nissan has released the first details about the purchase process for its Leaf EV. Unlike some other electric vehicle programs, Nissan will allow customers to lease or purchase the vehicle outright, including the battery pack (Nissan had previously been considering making the battery a lease-only arrangement).

    At the moment, if you’re interested in getting in line for a Leaf of your very own, you must register on NissanUSA.com, after which you’ll be given the chance to join the reservation process in April (after the car’s price is released) and pay a refundable $100 reservation fee. Of course, doing so doesn’t necessarily guarantee you a car, however, as demand may outstrip supply. Following that, the automaker vows to begin taking “firm orders” in August, and initial deliveries will begin in December.

    Interestingly, if you’re not interested or able to purchase a Leaf of your very own, but you’re still keen to drive one, Nissan says it is partnering with Hertz to rent the car at select locations in the U.S. and Europe.

    Full details in the official press release are available after the jump.

    [Source: Nissan]

    Continue reading Nissan announces Leaf purchase process, shows off Winter Olympics campaign [w/video]

    Nissan announces Leaf purchase process, shows off Winter Olympics campaign [w/video] originally appeared on Autoblog on Fri, 12 Feb 2010 13:01:00 EST. Please see our terms for use of feeds.

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  • Eric Schmidt On How To Encourage Innovation

    A bunch of folks have been sending in Google CEO Eric Schmidt’s recent op-ed on how to encourage more innovation in the US. The suggestions make perfect sense and there’s nothing in there that I disagree with. He says Congress should encourage more competition, and be careful not to pass legislation that favors incumbents over upstarts. This is absolutely true, but the likelihood of that happening is pretty dismal, given how big a role big company lobbyists have in drafting legislation, and given how campaign contributions work today. He also talks about more open information access and the importance of keeping talented skilled workers here, rather than pushing them to other countries.

    Of course, it’s notable that he says nothing about intellectual property. I’m guessing this is on purpose. Technically, the lever that the Constitution supposedly gives Congress to encourage innovation is intellectual property policy — but these days, that clearly conflicts with Schmidt’s first point about not passing laws that favor incumbents. These days, that’s exactly what copyright and patent policy have become: protectionist measures to prop up incumbents at the expense of real innovators.

    So, on that note, it’s really refreshing to see recommendations for what Congress can do to encourage innovation that doesn’t include ratcheting up IP laws — though, it’s disappointing that he didn’t go so far as to suggest moving those laws in the other direction.

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  • The Significance of the Copenhagen Climate Change Accord


    This week, the Center for American Progress hosted Todd Stern, U.S. Special Envoy for Climate Change, in a session on the lessons of the Copenhagen UNFCCC Council of Parties (COP-15) held last December, the significance of the climate change accord that was negotiated, and the future of global climate change negotiations over the year.

    Center for American Progress President John Podesta, former White House Chief of Staff under President Clinton, opened the discussions by saying there were two narratives:  Copenhagen was a failure or Copenhagen was a last minute success. Those who believe the climate change negotiations in December were a failure point to a lack of a real deadlines or binding GHG emission reduction targets. National and international obstacles stymied an agreement. For those who argue that the meeting was a last minute success, there was little likelihood of any progress, and China and India “were never going to want this.” U.S. Secretary of State Hillary Clinton’s intervention saved the day. The foundation has been layed for a political agreement. As a result, the accord represents a ”credible international agreement.”

    Podesta argued it was too soon to tell how this agreement will stack up in the history of climate change negotiations. Podesta added that we need to take a “cold, hard look at what occured,” and look at the commitments by nations so far. There are now commitments from countries that contribute more than 80 percent of global GHG emissions, and the commitments have been higher than the ones initially issued in Copenhagen. “We are only five gigatons shy of 2020 targets.” Podesta thinks that if we stop additional international deforestation and preserve additional sectoral reductions, the world can close the emissions gap by 2020.

    Todd Stern, U.S. Special Envoy for Climate Change

    “2009 was supposed to be a momentous year, but things didn’t turn out as planned. The positions of key parties were very far apart by the time we reached December. As a result, the negotiating text grew to more than 200 pages and included overlapping and contradictory ideas. The main ideas never joined up. It seemed like the UN process was on the rocks, and a full blown treaty would be out of reach. The actual meeting was a chaotic, aggravating, snarling event.”

    Getting to an Accord: “In the beginning, someone threw a monkey wrench in the negotiations by leaking a Danish draft document, which effectively destroyed Denmark’s reputation as a fair, unbiased arbiter among the developing countries. By Wednesday, December 16, the conference appeared to be doomed.”

    “With Secretary of State Clinton’s arrival on Thursday, December 17, there was hope again. Clinton offered $100 billion in financing a year by 2020 to developing countries to support climate change mitigation and adaptation efforts. These funds would be available in the context of a global agreement, and only be available if developing countries agreed to external verifications of their emissions. With this, developing countries’ stakes in the agreement rose sharply.”

    “A dinner hosted by the Danish Queen helped turn around the mood. It was a remarkable session with free form dialogue between heads of state. The chance of a successful outcome advanced because many leaders couldn’t deal with failure. Andrea Merkel of Germany and Nicholas Sarkozy of France showed real leadership. President Obama was effective in creating the argument for the need for transparency and accountability in international verification schemes.

    “In a meeting with China, India, and South Africa, Obama said all countries must list their mitigation commitments, and these would have to be submitted to some sort of external review.”

    The negotiated accord: “The negotiated accord was broadly supported by the 190 countries, with the exception of a few like Iran, Cuba,  and Venezuela. Because the UN process calls for total agreement among countries, the accord was ‘taken note of,” and not a politically-binding signed agreement. The accord is still a ’sketch, not a painting.’ It quantifies overall objectives — keeping climate temperature rise below 2 degrees celsius, lists actions, sets targets, provides for transparency in international verification, and outlines financing proposals by 2020. A new global fund will be examined by a new global panel, which will look into potential sources of revenue, including international fund transfers and avoided deforestation credits. There is now a foundation for a new regime in international climate diplomacy.”

    “Countries needed to submit their commitments by January 31 of this year. Many have ’signed-on’ or associated themselves with the accord (in UN-speak). Some 90 countries will now ‘associate with the accord.’”

    The legitimacy of the accord: “China and other countries initially wanted to limit the scope of the accord to negotiated texts (i.e. the Kyoto Protocol). Instead, the U.S. believes the accord should the operational document. It’s a negotiated document that elected heads of state have contributed to. It represents a fair balance and can’t be cherry-picked. The accord should influence future negotiations.”

    The way to move forward: “Some countries want to keep the Kyoto paradigm, which keeps developing and developed countries in two separate categories. The U.S. believes all countries should effectively be in the same category and be held accountable for their emissions. Developed countries shouldn’t be the only ones held accountable (as they are now). This represents a breach in the firewall between developing and developed countries that upsets some. Kyoto represented a ‘common but differentiated approach to responsibilities.’ However, this phrase has been over-used for years and has been used to keep developing countries unaccountable. China shouldn’t be treated like Chad when it comes to capabilities — in many ways, China has the capabilities of any developed country.”

    “It’s imperative to bring all major emitters (not countries) into an international regime. 52 percent of emissions now come from developing countries; 97 percent of the expected growth in GHG emissions by 2050 will come from these countries. They have to be included in an agreement.”

    “The U.S. can continue to work with its partners to create a legally-binding agreement that is symetrical (that treats developed and developing countries the same). It can’t be tied up in ideological knots, but be a solution.”

    Stern added that this year major discussions will take place during the Major Economies Forum, an initiative set up by President Bush, COP-16 in Mexico City in December, 2010, and additional UNFCCC meetings. He said President Bush had argued correctly that countries can’t rely on formal negotiating process alone, but must meet many places.

    What needs to happen domestically: The lack of a domestic agreement didn’t hurt the U.S. in global negotiations. However, we “need leverage, and you can’t underestimate the value of the legitimacy a U.S. domestic climate change agreement will give us. The U.S. has historically been the largest emitter and is now the second largest emitter.”

    “The U.S. Congress needs to pass climate change legislation soon so there’s no delay in finding a price for carbon. Otherwise, China will lead on the new green economy. We have to legislate to become competitive in this area.”

    The climate change envoy added that recent news on mistakes in UNFCCC reports and the controversy surrounding American and UK scientists’ e-mails can’t disprove the “overwhelming body of evidence on climate change. They aren’t disturbed by these events. When dealing with the high levels of risk associated with climate change, anyone would get insurance.”

    During discussions, Jennifer Haverkemp, Managing Director for International Policy and Negotiations, Environmental Defense Fund (EDF), added that developing countries’ commitments were all contingent on receiving financing. “There’s a long way to get there.”

    Haverkemp added that it’s important the U.S. Congress acts soon. “Congress can help write the rules and impact the global rules throughout this process. A carbon market needs to be in U.S. legislation, including definitions of what kinds of international credits are acceptable for off-sets. A global carbon market will be a significant source of financing for these projects.”

    Haverkemp also said the world shouldn’t put its eggs in “even two baskets.” In the works is a reforestation credit agreement between Amazonian countries and U.S. states — state-level agreements and cooperative projects are important for reducing emissions. “There has also been discussion at the G8 on ending fossil fuel subsidies by 2050 and common renewable electricity standards worldwide.”

    Watch a video of the event.

  • Crysis to take full advantage of PS3’s power

    When it comes to setting the standard in graphical superiority, few games can step up to that plate. Among the best that the PS3 has seen so far are Killzone 2 and Uncharted 2 two games

  • South Wales in the UK to Have Hydrogen Highway on the M4

    On the west of the United Kingdom fuel cell vehicles may one day travel down the M4 Hydrogen Highway. This will be part of a larger renewable fueling infrastructure that is being built for alternative fuel cars in the area.

    Wales has been designated a Low Carbon Economic Area (LCEA) for hydrogen fuel. The ministers of Wales say the M4 will become the UK’s longest hydrogen highway system when built.

    This must means that it will be longer than the proposed north uk hydrogen highway system currently being planned in Scotland, which includes the cities of Aberdeen, Ellon and Peterhead.

    It appears that Great Britain is taking its lead from California in regard to building out a hydrogen highway system. In California, the are an ample amount of hydrogen refueling stations in both the Los Angeles and San Francisco areas without much in-between connecting the two.

    When the proposed northern and southern UK hydrogen highway systems are build there won’t be any stations proposed right now connecting the country. Cities like Sheffield, Manchester, Liverpool, Leeds, Edinburgh and Glasgow would all be key cities in which to build at least one hydrogen station in order for drivers to travel north and south.

    The two separate proposed hydrogen highway systems in the UK are a good start. But just the addition of  six hydrogen fueling stations in key cities could mean travel throughout most of the country would be possible. What do you say, UK, will you step up and make this happen?

  • Citroen DS HIGH RIDER

    La marca Citroen ha publicado unas imágenes que corresponden a un prototipo llamado Citroen DS HIGH RIDER y que podriamos definirlo como un adelanto de los futuros DS4 y C4.

    Citroen DS HIGH RIDER

    Bansandonos en estas imágenes, la carrocería será muy parecida a la del nuevo C4. Este prototipo mide 4,26 m de largo, 1,82 m de ancho y 1,48 m de alto. Hace uso de un sistema de propulsión híbrido y dispone de tracción a las cuatro ruedas.

    Citroen DS HIGH RIDER - 2

    Por otra parte, no podemos dejar pasar el color “Golden Gloss” de la carrocería, un tono exclusivo de la gama DS. Por último, la mecánica es totalmente independiente y se encarga de mover las ruedas traseras mientras que el motor HDi diésel mueve las delanteras.

    Related posts:

    1. Citroen Revolte
    2. Citroen presentará un prototipo en el Salón de Frankfurt
    3. Citroen C4 Millenium
  • Pictures: Beyonce performing in Salvador, Brazil

    Beyonce performed on stage during her concert on February 10, 2010 in Salvador, Brazil. Check out the High Quality pictures below!

  • Video: Local Motors Rally Fighter getting down and dirty

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    The Rally Fighter in action – Click above to view the video after the jump

    The Rally Fighter has taken to the gritty stuff in video, and we really can’t help noticing a fast-paced prowess similar to the Ford Raptor. That shouldn’t come as a surprise since it uses things like F-150 uprights and long-travel Fox internal-bypass shocks, and it’s a win for everyone. Follow the jump to see what the thing can do, and hear from development engineers at Local Motors, Fox, Kinetic Fin (the webisode’s production company) and customers. Oh, and the mystery of why Teddy Roosevelt and Pancho Villa adorn the sides of the car is also revealed…

    [Source: Local Motors]

    Continue reading Video: Local Motors Rally Fighter getting down and dirty

    Video: Local Motors Rally Fighter getting down and dirty originally appeared on Autoblog on Fri, 12 Feb 2010 12:32:00 EST. Please see our terms for use of feeds.

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