Category: News

  • New War Bill Enough to Make Americans' First $35,000 Tax Free

    How about this for a tax cut: If you take the president’s request for $159 billion of supplemental war spending and send it to American taxpayers instead of Afghanistan, you could make every American’s first $35,000 completely tax free for one year.

    Yes, Rep. Alan Grayson’s War Is Making You Poor Act is a gimmick. No, nobody will vote for it. That’s for the best, because supplemental spending is necessary to keep our soldiers safe, nourished and effective. But as an effort to shine a light on budget games and to force Americans to see war spending on par with domestic spending, it’s a smart piece of PR (via Wonkroom)

    GRAYSON: So I believe that the thing we need to do is to
    take that $159 billion that the President has set aside – we’re not
    saying he has to stop the war, we’re not giving a cut-off date for the
    war – we’re simply saying you need to fund that out of the base budget
    of $549 billion. And we take 90 percent of that and give it back to the
    American people.

    And I think most people would be surprised to learn that
    that is so much money that we’ve been spending on the war in
    Afghanistan and the war in Iraq that every single taxpayer in America
    will be get his first or her first $35,000 of income completely tax
    free.

    Watch it:





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  • Let’s Try That Again: Gameloft Releases Ten HD Games for Android

    It was one week ago today that Gameloft unveiled ten HD games for Android handsets.  It was almost immediately pointed out that there were problems with finding and loading games onto various handsets.  Gameloft quickly and quietly pulled the links down.  Today sees the developers giving it a second attempt.  Head to gameloft.com/android-games/ and download games like Assassin’s Creed, Modern Combat, NOVA, and Hero of Sparta for your Android phones.

    Thanks to Dave for the heads up!

    Might We Suggest…

    • Gameloft Offering 10 HD Titles for Android

      Just in time for their tenth anniversary, Gameloft has announced the availability ten high-definition 3G games for Android and other smart phone platforms. According to the press release, Gamelof…


  • John Hussman Ups Bet On Precious Metals, Says Market Showing Classic Symptoms Of Illness

    johnhussmanportrait.jpg

    In his latest weekly note, fund manager John Hussman introduces readers to what he calls “Aunt Minnies” of the market.

    Over the years, I’ve noted that certain subsets of market conditions – occurring together – are associated with very specific outcomes, such as oncoming recessions, abrupt market weakness, strength in precious metals, and so forth. Such indicator subsets, or Aunt Minnies, are essentially “signatures” that often have very specific implications. In medicine, an Aunt Minnie is a particular set of symptoms that is “pathognomonic” (distinctly characteristic) of a specific disease, even if each of the individual symptoms might be fairly common. Last week, we observed an Aunt Minnie featuring a collapse in market internals that has historically been associated with sharply negative market implications.

    Of the 3257 issues traded on the NYSE last week, 2955 declined and just 275 advanced. The S&P 500 has now abruptly erased nearly 8 months of progress. Moreover, we observed a “leadership reversal” with new 52-week lows flipping above the number of new 52-week highs. Our broader measures of market action deteriorated to a negative position as well. Historically, we can identify 19 instances in the past 50 years where the weekly data featured broadly negative internals, coupled with at least 3-to-1 negative breadth, and a leadership reversal. On average, the S&P 500 lost another 7% within the next 12 weeks (based on weekly closing data), widening to an average loss of nearly 20% within the next 12 months – often substantially more when the Aunt Minnie occurred with rich valuations and elevated bullish sentiment.

    So, not surprisingly, he remains quite negative…

    On last week’s selloff, we did shift about 2% more of the Strategic Total Return Fund’s assets toward precious metals (now at a still very small 4% exposure), with about 4% of assets in utility shares, and about another 3% in foreign currencies. The bulk of the Fund’s assets, of course, are in Treasuries, with a duration of just under 4 years – primarily in straight, intermediate-term Treasury bonds. Most likely, we will have numerous opportunities to shift our investment positions to reflect a longer-term outcome of inflation and generally rising interest rates in the second half of this decade. For now, credit fears are likely to boost demand for default-free government liabilities, holding down inflation pressures and prompting (ultimately incorrectly) less eager demand for commodity-related securities.

    Contra Hussman’s view, here’s Deutsche Bank on why a groundwell of bullish data will send stocks higher >

    Join the conversation about this story »

  • Google publica qué comisión aplica por la publicidad AdSense

    Google cubre uno de los puntos oscuros que mantenía – sobre todo siendo una empresa que se posiciona mucho en “lo abierto y la transparencia” – como es la comisión que cobra por la publicidad AdSense. Para la inmensa mayoría de soportes declara que es un 32% de los ingresos, siendo un 68% de lo que paga el anunciante para la web que integra los anuncios con tecnología AdSense. En el caso de integración de buscador, la comisión por la publicidad en él es del 49%. De momento no han hecho públicos los datos para la publicidad en feeds RSS o en la web móvil.

    Comparado con lo que cobran otras agencias de publicidad online se podría decir que “no está mal”, pero hay que tener en cuenta que estamos hablando de una publicidad por objetivos y que tiende a priori a la máxima eficiencia, por lo que no es comparable a lo que cobra una agencia de publicidad display que consigue anuncios en modalidad CPM. Último apunte, los soportes con mucho volumen suelen negociar condiciones bastante más ventajosas (hay quienes presumen de arañar por encima del 80%).

  • Climate change concern declines in poll

    Via Prison Planet.com » Sci Tech

    Owen Bowcott
    London Guardian
    May 24, 2010

    Popular concern about climate change has declined significantly, following this year’s harsh winter and rows over statistics on global warming, a survey has found.

    The numbers of those interested in where Britain’s electricity comes from have also slipped back, according to a survey commissioned by the energy company EDF, demonstrating what appears to be growing consumer complacency in an era of electric-powered gadgetry.

    At the same time resistance to building new nuclear power stations appears to be slackening. The results of the YouGov poll, based on a sample of 4,300 adults questioned during the week after the general election, show that interest in climate change fell from 80% of respondents in 2006, to 71% last year and now stands at only 62%. Only 80% say they are interested in where electrical power is made, down from 82% the previous year.

    Other recent polls have recorded a similar drop in public alarm about the imminence of climate-triggered disaster. The number of climate change agnostics – those unsure whether human activity is warming the planet – has risen from 25% in 2007 to 33% now.

    Full article here

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  • Secret US spaceplane spotted in orbit by hobbyists

    Via Prison Planet.com » Sci Tech

    Lewis Page
    The Register
    May 24, 2010

    Amateur astronomers believe they have located the X-37B US military unmanned spaceplane, which was launched into orbit on a classified mission a month ago.

    According to the authoritative skygazers’ site Heavens-Above, the X-37B is in an orbit angled up 40 degrees from the Equator, meaning that it passes regularly over all nations between southern Europe and South Africa and corresponding portions of south Asia, Australia, Latin America and much of the USA. The little spaceplane is at a height of approximately 400km above Earth.

    The X-37B is operated by the US Air Force and its mission, budget and other particulars are classified, or “black”. Nonetheless, various facts about the project are known as it began life as a NASA programme.

    The X-37B takes off inside a fairing atop a normal disposable launch stack, in this case an Atlas V from Cape Canaveral a month ago. It is much smaller than a space shuttle, but like the shuttle has delta-shaped wings which should offer similar “cross range” abilities during re-entry – that is the X-37B could potentially make a landing somewhere well off its orbital track.

    Full article here

    Secret US spaceplane spotted in orbit by hobbyists 260310banner2

  • Revealed: how Israel offered to sell South Africa nuclear weapons

    Via Prison Planet.com » World News

    Chris McGreal
    London Guardian
    May 24, 2010

    Secret South African documents reveal that Israel offered to sell nuclear warheads to the apartheid regime, providing the first official documentary evidence of the state’s possession of nuclear weapons.

    The “top secret” minutes of meetings between senior officials from the two countries in 1975 show that South Africa’s defence minister, PW Botha, asked for the warheads and Shimon Peres, then Israel’s defence minister and now its president, responded by offering them “in three sizes”. The two men also signed a broad-ranging agreement governing military ties between the two countries that included a clause declaring that “the very existence of this agreement” was to remain secret.

    The documents, uncovered by an American academic, Sasha Polakow-Suransky, in research for a book on the close relationship between the two countries, provide evidence that Israel has nuclear weapons despite its policy of “ambiguity” in neither confirming nor denying their existence.

    The Israeli authorities tried to stop South Africa’s post-apartheid government declassifying the documents at Polakow-Suransky’s request and the revelations will be an embarrassment, particularly as this week’s nuclear non-proliferation talks in New York focus on the Middle East.

    Full article here

    Revealed: how Israel offered to sell South Africa nuclear weapons 150410banner1

  • ABC News Attempts to Align Climate Change Skeptics with White Supremacists

    Via Prison Planet.com » Commentary

    Jeff Poor
    Newsbusters
    May 24, 2010

    At first, Michael Mann, a Penn State professor and a central figure in the Climategate scandal, but best known for his discredited “hockey stick graph” didn’t like being mocked in a YouTube video. Now Mann is alleging he’s a victim of hate groups. 

    On ABC’s May 23 “World News Sunday,” a segment from anchor Dan Harris alleged that threatening e-mails Mann received were part of a “spike” in violence aimed at the global warming alarmist community.

    “The ongoing oil spill crisis in the Gulf is keeping the debate over climate and energy very much in the headlines and that debate is becoming increasingly venomous with many prominent scientists now saying that they are being severely harassed,” Harris said.

    Curiously Harris makes no mention of the real violence in the form of eco-terrorism that has come from the environmental left or Greenpeace repeatedly targeting the Competitive Enterprise Institute’s Chris Horner, by stealing his garbage on a weekly basis, as his Web site points out. Instead, this “severe harassment” ABC warned about were e-mails from fringe Internet elements sent to Mann.

    Read more: http://newsbusters.org/blogs/jeff-poor/2010/05/24/hit-job-abc-news-attempts-align-climate-change-white-supremacists#ixzz0orRWiEc5

    ABC News Attempts to Align Climate Change Skeptics with White Supremacists 150410banner1

  • Dr Andrew Wakefield struck off medical register

    Via Prison Planet.com » Prison Planet

    Raf Sanchez, David Rose
    London Times
    May 24, 2010

    Andrew Wakefield, the doctor who triggered the MMR vaccine scare, has been struck off the medical register.

    After nearly three years of formal investigation by the General Medical Council (GMC), Dr Wakefield has been found guilty of serious professional misconduct over “unethical” research that sparked unfounded fears that the vaccine was linked to bowel disease and autism.

    Parents were today advised that it was “never too late” to give their children the triple vaccine to protect against measles, mumps and rubella, as the case drew to a close.

    The decision marks the culmination of the longest medical misconduct hearing in the GMC’s 150-year history, which has been going on since July 2007.

    Full article here

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  • Worldwide Child Deathrates Drop

    According to a recently published report, world death rates for children under 5 have dropped significantly between 1970 and 2010.  The study, which included data from over 187 countries, sounds encouraging, but it seems that child mortality is still not a thing of the past; it is expected that, worldwide, 7.7 million children will die this year.  On the other hand, as bleak as this sounds, it is still an improvement from 1990’s figure of 11.9 million.

    It would seem that, on average, world death rates have dropped by 2 percent a year since 1990; and even in areas where the average American would expect to hear about the worst child death rates, such as Latin America, North Africa, and the Middle East, there have been declines as much as 6 percent a year.

    Health experts have stated that the reason behind the drop could be vaccines, Aids medicines, better pneumonia and diarrhea treatments, vitamin A supplements, more education for women, or bug nets for beds to prevent malaria.  In short, the consensus among experts seems to be that the global efforts to help save children have started to pay off not only better, but also faster than was expected.

    Related posts:

    1. Can A Camera Help To Slash Cancer Of The Colon ? Study :
    2. Interest rates to rise in the U.S.
    3. Updates on Greek Financial Crisis: Euro Slides

  • BP’s ‘Top Kill’ Could End The Disastrous Spill Tomorrow

    Via Prison Planet.com » Commentary

    Vincent Fernando, CFA
    Business Insider
    May 24, 2010

    BP’s (BP) chief operating officer announced on Friday that the company could deploy its ‘top kill’ solution to the Macondo oil leak as soon as tomorrow (Tuesday).

    The company will pump special drilling mud to the leaking well’s blowout preventer, followed by cement aimed at sealing the well and stopping the flow of oil. According to Rigzone, while this technique is well established in the industry, this will be the first time it is done at a depth of 5,000 feet, which can present unique challenges.

    BP will be an interesting stock to watch this week based on the potential for success. The stock kept falling through last week, showing little expected enthusiasm about this latest repair attempt priced-in.

    Chart

    There’s also a lot of good things happening for BP, despite the horrible situation in the gulf.

    BPs Top Kill Could End The Disastrous Spill Tomorrow 100210banner1

    Rigzone:

    BP brought seven major projects onstream in 2009, including three projects that came online ahead of schedule. In the GOM, BP ramped up production at Thunder Horse to more than 300,000 boe/d. Thunder Horse is now the largest single producing field in the GOM, bumping up GOM production from 240,000 boe/d in 2007 to more than 400,000 boe/d in 2009.BP also started production at Dorado and King South in May 2009, and Atlantis Phase 2 in Q4 2009.

    BP reported two major projects started up in Q1 2010. The major participated in the start-up of Great White in the GOM. The field came online in late March 2010… BP also started production onshore Canada. The Noel project started exporting and selling gas earlier this year.

    Chart

    See the full company-specific analysis for BP at Rigzone here, then check out how the trade is open for both BP and Transocean (RIG) here.

    Keep checking here for updates on how BP’s top kill goes >

    Note: The author does not own securities related to BP or RIG, but investors he speaks or works with may.

    Read more: http://www.businessinsider.com/bp-could-end-the-spill-today-2010-5#ixzz0orERyIJS

  • UK plans rapid withdrawal from Afghanistan

    Via Prison Planet.com » World News

    AFP
    May 24, 2010

    Senior British officials, including new Foreign Secretary William Hague, arrived in Afghanistan Saturday with a warning that Britain wants to withdraw its troops as soon as possible.

    Hague, Defense Secretary Liam Fox and International Development Secretary Andrew Mitchell are set to meet President Hamid Karzai in their first visit to the country since a new coalition government took power in London this month.

    Hague described Afghanistan — where around 10,000 British troops are helping fight a Taliban-led insurgency well into its ninth year — as “our most urgent priority” in comments released from London as the party touched down.

    In an interview with The Times newspaper before arriving in Kabul, Fox made clear the visit would focus on speeding up the withdrawal of British troops from Afghanistan, and that no new troops would be deployed.

    Full article here

    UK plans rapid withdrawal from Afghanistan 150410banner1

  • Rand Is Right

    Via Prison Planet.com » Commentary

    Sound Politics
    May 24, 2010

    When Rand Paul says it is unconstitutional for the federal government to prohibit private businesses from discriminating based on race, he’s right, arguably (which I will get to in a moment).

    But when he says it is not, in this day and age, necessary for government to prevent segregation of private businesses, he’s undeniably right.

    There is no conceivable reality where we’d see such significant racial, sexual, ethnic, religious, or “gender identity” discrimination in this country that would result in rampant segregation or loss of significant opportunities for minorities. It just isn’t rational. Overwhelmingly, the people of this country are aghast at such discriminatory practices, which means businesses overwhelmignly won’t do it, both because businesses are (usually) run by those same people, and because their customers are also those same people.

    To say we need government for this purpose is, quite simply, denying this obvious and unassailable reality of life in America in 2010.

    As to the constitutional question, we can disagree about the legitimacy of it. We cannot disagree, however, that Paul’s view is well-founded in the text and history of the Constitution. My personal view — having been born well after the Civil Rights Act was passed — is that perhaps, at the time, the constitutional right to freedom of association, and the right of states to make their own laws on such matters, were worth bending due to the centuries of government-sponsored institutional discrimination that had left a whole race of people significantly disadvantaged throughout nearly all facets of society.

    I can’t make that judgment one way or another, but I can see the arguments on both sides. Living in 2010 and not in 1964, I lean toward liberty rather than government control, but I can’t judge the 1964 mindset.

    But again, we no longer live in such a time where — government or not — any group of people is significantly disadvantaged due to their race, religion, ethnicity, gender, or “gender identity.” That simply doesn’t exist anymore. That’s not to say discrimination doesn’t happen: of course it does. But no group is significantly disadvantaged because of what little discrimination remains in our society.

    Rand Is Right 100210banner1

    Some people might say “that’s easy for you to say, a middle class protestant white male.” Shrug. I am a conservative Christian in an industry largely controlled by atheists, agnostics, and liberals. I live on the West Coast, which many project to be majority Hispanic within my lifetime, and certainly within the lifetime of my first- and second-generation descendants. If this were about ME ME ME, I’d probably be putting all the protections for ME in place that I could.

    I simply believe in liberty, and that any restrictions on liberty must be backed up by a damned good reason; and that furthermore, when we add or continue restrictions without a damned good reason, we set precedents that endanger other liberties. We see this in the Civil Rights Act itself: we gave up the right to discriminate based on certain categories, and this has justified taking away our right to discriminate based on other things, like — in Washington — “expressions” of “gender identity.” The violations of our liberty in Social Security and Medicare and growing wheat have led to justifying Obama’s health insurance mandate. And so on.

    I won’t insult anyone’s intelligence by trying to prove that the views I am expressing are not racist. Only a moron — like Cokie Roberts, on This Week today — could possibly think these views are racist. George Will, however, is not a moron, but he’s still wrong: on the same program he expressed the view that we reasonably gave up one right (the right to discriminate in some personal affairs) for another (the right to not be discriminated against).

    Setting aside that this doesn’t make much sense on the face of it (taking away my actual right to give someone else a “right” that isn’t an actual right isn’t a reasonable tradeoff), if we think this is reasonable, then it can be used to justify almost any government theft of our rights. Imagine if in 1964 we outlawed “hate speech,” and then Rand Paul in 2010 said we should allow people to say hateful things. Surely we’d have just as many people today complaining about Paul, saying how racist it is for him to suggest such a thing, and how our right to say hateful things was replaced with a right to not have hateful things said about us.

    Then again, to many liberals, hate speech laws are a good thing. This boggles my mind, but so do many things that many of them believe.

    Again, I can’t say whether we were right or wrong in 1964. But certainly it’s wrong now, simply because it is a patently unnecessary restriction on liberty. That said, there’s no point in trying to repeal this particular blue law. It’s not going away any time soon — though we can hope — and for most people, it doesn’t cause us any problems (except for the lucky few who are wrongly prosecuted for false claims of discrimination). That’s why many blue laws stay on the books: most people don’t care enough to try to get rid of them.

  • PIMCO’s El-Erian: The Current ‘Death’ Of Inflation Is Just The Calm Before The Storm

    mohamed el-erian pimco

    Despite the fact that U.S. inflation seems to be dying right now, PIMCO’s Mohamed El-Erian remains concerned about the future explosion of inflation.

    He’s worried about an even larger scale use of central bank balance sheets, similar to what was done in the U.S. and more recently in Europe.

    We may have gotten away with such activities once, but in the view of Mr. El-Erian, we’ve used our ‘spare tire’ and won’t be able to repeat these kinds of central bank resources without substantial inflationary effects, among other consequences.

    PIMCO:

    Some argued that given the output gap in industrial countries, it would be very difficult to generate inflationary pressures for the next three years. Indeed, the risks were tilted toward further disinflation. A larger group warned that while the output gap framework was applicable to the next 12 months, the period beyond that could witness the impact of increasing monetization of debt, gradually rising inflation rates and a worsening of inflationary expectations.

    This potential evolution – from disinflation to inflation – will likely proceed at different speeds in different parts of the globe. It is already well in train in emerging economies and will remain so. Over the medium term, the U.S. will be next, with Europe and, even more, Japan lagging.

    So in fact, he appears to believe that current U.S. disinflation (low, falling inflation) is only the lull before the storm. If that’s the case, then a lot of people have been tricked, as shown by the low treasury yields right now. The ten-year treasury is at just 3.21% right now, which doesn’t leave much room for inflation over the next ten years.

    Also, check out our easy guide to Quantitative Easing And Why It’s One Of The Largest Risks Right Now >

    Join the conversation about this story »

  • Palin critique latest twist in BP slop

    by Randy Rieland

    Photo: WikipediaAlmost five weeks into the BP oil disaster and we’re
    way down the rabbit hole. None other than Sarah “Drill, baby, drill” Palin wondered aloud on Fox News Sunday whether oil company contributions to the Obama
    campaign are to blame for the president “taking so doggone long to get in
    there, dive in there, and grasp the complexity and the potential tragedy that
    we are seeing here in the Gulf of Mexico.” (Obama has definitely enjoyed BP
    cash
    .)
    This whole Gulf mess just makes her long for—wait for it – more on-shore drilling. Like in the Arctic
    National Wildlife Reserve in Alaska
    !

    When
    no means “make me”

    Last
    Thursday, the EPA gave BP 72 hours to quit using that nasty oil dispersant
    Corexit 9500 in favor of other less
    toxic chemicals. Last weekend, BP said no can do. To which the EPA replied: um,
    well, we really need to talk

    I was kidding!

    Remember Louisiana Gov. Bobby Jindal’s (R) big rail against the
    big government excesses in his official Republican Party response to Obama’s
    first State of the Union address? Yeah, well, that was 18 months ago. Now,
    Jindal is irate that the same big government isn’t moving fast enough to
    stop the brown gunk hitting the Louisiana coast. 

    Ouch

    James Carville, Louisiana native and usually loyal Democratic consultant, blasted the
    “lackadaisical” response from the Obama White House.

    I think they actually believe that
    BP has some kind of a good motivation here. They’re naive! BP is trying to save
    money, save everything they can … Somebody has got to, like, shake them and
    say, ‘These people don’t wish you well! They’re going to take you down!’

    And he didn’t stop there.  

    Seemed like a good idea at the time

    Conservation groups, such as The
    Nature Conservancy and Conservation International, are taking heat for their
    partnerships with BP. In response to questions from Conservancy supporters, Nature
    Conservancy chief exec Mark Tercek posted this on his org’s website:

    Anyone serious about doing conservation in this region must engage these
    companies, so they are not just part of the problem but so they can be part of
    the effort to restore this incredible ecosystem.

    See Joe
    Stephens’ Washington Post story
    .  

    A White House divided

    Interior Secretary Ken Salazar vents
    about BP missing “deadline after deadline” with its proposed fixes; White House
    press secretary Robert Gibbs bemoans the oil giant’s “lack of
    transparency
    .” But Coast Guard Commandant Thad
    Allen says that only BP can stop the leak.
    Ultimately, said Allen, “I trust (BP CEO) Tony Hayward.” But should he? Oyl!

     

    Related Links:

    In wake of Gulf spill, should this be the summer of energy reform?

    Show how much you—and BP—care with a commemorative oil spill T-shirt

    Matthews tells Obama to kill BP’s disaster capitalism






  • MAP OF THE DAY: Here’s Where Brazil Just Got Hit By A 6.5 Magnitude Earthquake

    Brazil just got rocked by a 6.5 magnitude earthquake in the northwest portion of the country. In contrast, the highly destructive Chilean earthquake of February had a magnitude of 8.8.

    The earthquake hit the state of Acre, which is 1687 miles from the country’s capital of Brasilia.

    Acre produced only 0.2% of the Brazilian economy in 2005, so from an economic standpoint, this shouldn’t be a significant negative.

    From USGS.gov:

    Brazil Earthquake

    Join the conversation about this story »

  • Tech Tidbits: Gist Vs. Smartsheet in Google Apps, Display Week Demos, and the Carried Interest Debate

    Gregory T. Huang wrote:

    It’s a good start to what promises to be a busy week in Seattle-area tech news. To get caught up, here’s a quick look at what’s been going on around town.

    Display Week, the Society for Information Display conference, is going on in Seattle this week. No, the iPad has not put this show out of business yet, thankfully. Some highlights of futuristic display technologies: Microsoft will demo a prototype interactive display called “magic window,” and E Ink, the Boston-area company that makes displays for the Amazon Kindle and other e-book readers, will present early versions of its display technology that are flexible and colorful (instead of black and white). Check out this Seattle Times preview for more info.

    —Last week, Seattle-area startups Gist and Smartsheet announced they are having a “Google-off.” Gist recently got its product into the Google Apps Marketplace; it helps business people stay up to date about their contacts through e-mail, social media, and Web news. Smartsheet has been selling its work-management application through Google ever since the Apps Marketplace opened in March. Now the two startups have a friendly wager going over their respective month-over-month customer growth rates. At stake: beers, premium services, and money to charity. It’ll be interesting to see if Concur and Skytap, two other local companies in the Google marketplace, get in on the action.

    —Gerry Langeler, a managing director at OVP Venture Partners (he’s based in Portland, OR), wrote an op-ed for the New York Times DealBook blog last week. He opposes the recent House bill to raise “carried interest” taxes on limited partnerships, arguing that the current lower tax rate is fair as compared to investments in homes, and that more tax will mean less talent in the investor pool.

    He writes: “The real risk is on the younger generation of private equity professionals. If they find other pursuits more financially appealing (hedge funds, anyone?), the losses to company formation and job growth won’t show up right away. But show up they will, 5 to 10 years from now when the best and the brightest would have been hitting their stride. And the entrepreneurs will then have trouble finding savvy investors, and that will be a real, material loss of jobs and industrial competitiveness in this country.”

    I’m told Langeler will be interviewed about this topic on CNBC today at 11:20 am PT.












  • 2011 Audi A8 to offer factory-installed hotspot for wireless internet

    2011 Audi A8Audi announced today that the 2011 A8 flagship sedan will be the first car in the world to offer an optional factory-installed WLAN hotspot for wireless Internet access.

    This means that passengers will be capable to access the Internet through the car’s integrated WLAN module and via UMTS and use up to eight devices such as laptops, Apple iPads or netbooks. How does it work? It is quite simple, as the driver only needs to insert a a data-capable SIM card into the Bluetooth online car phone. Alternatively, the internet connection can be established via Bluetooth by using a compatible mobile phone with a SIM Access Profile.

    2011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A82011 Audi A8

    Source: Car news, Car reviews, Spy shots

  • Five Companies Picked To Slug it Out for Ann Arbor SPARK Incubator Space

    SPARK-smaller
    Howard Lovy wrote:

    Five companies ranging in focus from fueling to family planning will have a chance to compete for $50,000 in business acceleration services and a one-year incubator lease at SPARK East in Ypsilanti, MI, on June 4. Business incubator Ann Arbor SPARK, which first announced the competition at the end of April, listed the finalists today. Each of the following companies will have three minutes to make their case before a panel of “noted funding and business experts.”

    • Urobiologics, based in Livonia, MI, has a product called the UroGender Test Kit aimed at couples that would like to know the gender of their children early in a pregnancy. The company claims a 95 percent success rate in detecting a fetus’s gender, based on the mother’s urine sample, between five weeks and 15 weeks after conception.
    • Mobile Sign Language Systems, a University of Michigan startup, is developing smart phone software that translates spoken English into real-time sign language.
    • Eco-Fueling is developing a way for diesel engines to run on a mix of renewable ethanol and diesel, aimed at the six million diesel trucks currently on the road that use no renewable fuel.
    • Own, based at the TechArb incubator in Ann Arbor, MI, will present its combined Web and hardware point of sale (POS) system for coffeehouses. Own says its product replaces cash registers or software POS systems.
    • Aeradigm will present an air conditioning appliance for data centers that it says fits in the same racks with servers, cooling adjacent equipment and reducing overall energy load by harvesting waste heat for power.







  • Why Larry Summers may not make it until 2011

    David Warsh dismisses reports that Larry Summers may stick around longer than many in Washington expect:

    Defense is one possibility. Who wants to be seen as a lame duck while there are eight months to go on the clock – including the mid-term-elections? Offense is equally likely. No doubt the president would like to keep his chief economic adviser for another eighteen months.  Perhaps the administration is lobbying Harvard.

    Summers’ other opportunities weigh in the balance: a successful marriage to Harvard English professor Elisa New (between them they have six children, all from previous marriages); the prerogatives that come with being one of Harvard’s fewer than twenty university professors, including the freedom to teach precisely what and where he wishes (or not at all); membership on the executive committee of an economics department that is one of the three or four best in the nation; and, of course, the famous day-a-week of consulting time that Harvard professors are permitted to spend in the moneyed world.