Category: News

  • Ex-Blagojevich aide Lon Monk enters new guilty plea

    From the Breaking News Center:

    One of former Gov. Rod
    Blagojevich’s former chiefs of staff who is expected to be a key witness
    in his corruption trial entered a new guilty plea in federal court this
    morning.



    Alonzo "Lon" Monk, 51, originally pleaded guilty in
    October and agreed to testify. Today, he pleaded guilty to a superceding
    indictment that was filed in the case in February.

    The new
    indictment was designed to head off any issues if the Supreme Court
    strikes down or limits the "honest services" fraud law. Monk’s plea was
    necessary before Blagojevich’s trial, set for June 3.

    Monk is expected to testify that
    Blagojevich and three of his closest friends – including Monk – schemed
    from the outset of his administration to enrich themselves by
    leveraging the powers of Blagojevich’s office.



    Monk is expected
    to tell the jury how the four — a group that also included key
    fundraisers Christopher Kelly and Antoin "Tony" Rezko — planned to
    bring in hundreds of thousands of dollars in campaign contributions they
    could split up when Blagojevich left office.

    Monk’s origninal
    plea was to a single count of mail fraud in exchange for two years in
    prison. Prosecutors dropped that count Friday and had Monk plead to one
    count of conspiracy to solicit a bribe.

    For more, please click here.

  • Owner Of West Virginia Coal Mine Plunging On Report Of FBI Criminal Investigation (MEE)

    massey energy chart

    The FBI is investigating Massey Energy (MEE) for criminal negligence in the West Virginia mine explosion that killed 29 miners, according to NPR News.

    NPR sources say the FBI is also looking into the possible bribery of officials at the Mine Safety and Health Administration.

    Massey shares are down sharply since the news came out at 10 a.m.

    Join the conversation about this story »

  • MA CEOs, VCs Launch “12×12″ Mentoring Program

    Wade Roush wrote:

    Prominent Massachusetts venture firms and CEOs have formally rolled out a mentoring program aimed at supporting “a new generation of technology entrepreneurs” in the state, in the words of an announcement this morning. Called 12×12, the initiative is supported by 12 local CEOs and 12 venture capital partners, and will match entrepreneurs with advisors for hands-on help launching 12 new companies. Michael Greeley, founder and general partner at Flybridge Capital Partners, debuted the idea (which was originally called “12 by 12 by 12 by 12 by 12″) in post for us in June 2009.

    According to today’s announcement, which was issued at the Nantucket Conference on Nantucket Island, the participating executives are Colin Angle of iRobot, Jim Baum of Netezza, Jeff Bennett of NameMedia, Joe Chung of Allurent, Helen Greiner of CyPhy Works, Brian Halligan of HubSpot, Tim Healy of EnerNOC, Diane Hessan of Communispace, Scott Savitz of ShoeBuy.com, Brian Shin of Visible Measures, Ram Sudireddy of CHiL Semiconductor, and Michael Weintraub of Humedica.

    The venture partners involved are Jon Auerbach, general partner at Charles River Ventures; Liam Donohue, general partner at .406 Ventures; Scott Friend, managing director at Bain Capital Ventures; Jamie Goldstein, general partner at North Bridge Venture Partners; Felda Hardymon, partner at Bessemer Venture Partners; Matt Harris, managing general partner at Village Ventures; Mike Hirshland, general partner at Polaris Venture Partners; Eric Hjerpe, partner at Kepha Partners; Bob Hower, general partner at Advanced Technology Ventures; Paul Maeder, general partner at Highland Capital Partners; Eric Paley, managing partner at Founder Collective; and Carl Stjernfeldt, general partner at Castile Ventures.

    UNDERWRITERS AND PARTNERS



























  • Jian Ghomeshi at home in lofty house

    I’ve recently linked to two interviews by CBC Radio personality Jian Ghomeshi and I think Jian does some of the best interviews in Canada.

    Here is another cool TorStar video, “Jian Ghomeshi at home in lofty house“.

    Filed under: Canada, people, radio, Video

  • Euro safe from freefall unless crisis turns systemic

    The euro may be weaker due to the Greek crisis, but it has held up relatively well considering the beating Greece's bond markets have taken over the past couple of weeks, Adam Cole, global head of FX strategy at RBC Capital Markets says. 

    Unless the risk of default in Greece expands throughout the eurozone, chances are the European currency will continue to weather the storm.

    "The euro is not pricing in the worst outcome as there is an underlying expectation that Greece will not trigger a systemic crisis far beyond its
    borders." Mr. Cole said. "We will not see the euro in free fall unless the periphery risk turns systemic."

    Since April 12, Greek 10-year bond spreads over German bunds have risen from 350 basis points to a peak of 826 basis points after Standard & Poors downgraded the country's debt to junk status earlier this week.  

    Portuguese spreads have also almost doubled over the same period and Spain's yield spreads hit post European Union highs to reflect growing concerns in each of those two countries that has resulted in lesser downgrades to their credit ratings. 

    The euro, however, only lost 1.8% against the U.S. dollar since mid-month, dropping to US$1.31 on Tuesday from US$1.36.

    With bond spreads narrowing again and the euro rallying over the past two days, Mr. Cole offered two explanations for the relatively small drop in the currency.

    The first is that the euro has been quicker to price in disaster scenarios, having dropped significantly in late December, only to recover modestly and drop again from mid-January to late February. 

    "With EUR positioning already at record shorts, the sell-off over the past few weeks has been small in comparison," he wrote.  "This explanation would suggest that downside for EUR would be more limited going forward."

    The second explanation reflects the fact the eurozone is made up of 16 sovereign nations, each with its own bond markets, but just one common currency.  

    "Greece and Portugal combined are approximately 4.5% of eurozone GDP. Greece, Portugal and Spain are 16%," Mr. Cole noted. 

    "As long as Greece remains the only country with a serious risk of restructuring, Greek bonds sell off, but EUR reflects just a fraction of that. As long as the risk of default in Spain is remote, the Eurozone may cope with one errant state."

    David Pett

  • Energy Shares Hammered As Oil Crisis Worsens (RIG, BP, TTI, LUFK, HAL)

    oil spill

    Times are tough when your company is at the center of an oil spill that’s been dubbed “worse than the Exxon Valdez.”

    Shares of Transocean (RIG) are currently down 9.3% to $71.19 while BP (BP) is faring much better, down only 0.6% to $52.23 after taking a beating this week.

    As for the entire oil and gas services sector, it’s not looking good. Here’s some of the biggest losers:

    • Dril-Quip Inc (DRQ): $60.59 / -7.67%
    • TETRA Technologies Inc (TTI): $13.32 / -6.46%
    • Halliburton Company (HAL): $30.06 / -4.89%
    • Lufkin Industries Inc (LUFK): $86.18 / -2.82%
    • Schlumberger Limited (SLB): $71.62 / -2.09%

    Be sure to check out the amazing photos of the Deepwater Oil Explosion ->

    Join the conversation about this story »

  • Messenger Connect y Messenger para redes sociales

    Pantalla de Messenger

    ¿Cómo poner al día un servicio de mensajería instantánea en los tiempos de las redes sociales? Se lleva tiempo especulando sobre cómo sería la nueva versión del Live Messenger de Microsoft y lo que han mostrado, de momento, va incluso un poco más allá de lo que se podría esperar. El cliente en sí cambia completamente de foco, dando lugar a una especie de TweetDeck con esteroides: acceso a la mensajería instantánea, pero también al correo electrónico, a los archivos compartidos mediante Skydrive y a distintos servicios de redes sociales. La idea, básicamente, es la de convertir Windows Live Messenger en un cliente de todo tipo de comunicaciones con un algoritmo que aporte inteligencia al estilo de la portada de Facebook: prioridad a los usuarios con los que más se interactúa (o se marca como favoritos).

    A eso hay que sumar la presentación de Messenger Connect, que como su nombre indica, sigue la estela de Facebook Connect bajo los mismos parámetros: las webs que decidan integrar Messenger Connect no sólo tendrán un sistema de identificación, también podrán pedir a los usuarios que se traigan su “grafo social”, incorporar el chat directamente con el usuario de Messenger dentro de su web y, esto es algo que presumo, dar visibilidad a las acciones dentro de su web dentro del servicio de Microsoft. A sus ya preexistentes APIs de identificación añaden soporte a estándares como oAuth. Hay más información en windowsteamblog y en Microsoft.com (con vídeos incluidos, requiere Silverlight). También hay que añadir que lanzan cliente de Messenger para iPhone.

    Creo que estos movimientos están muy bien planteados como una estrategia defensiva: intentar que Messenger siga aportando valor en la era de las redes sociales, que han ido paulatinamente integrando integrando chat y robándole tiempo de uso por parte de los usuarios. Que vaya a recuperar esa relación de “ventana a las comunicaciones con los amigos” parece complicado, toda vez que la red social de turno – Facebook, Tuenti – ya se ha convertido en la primera opción y están accesibles desde el móvil.


  • Energy and Global Warming News for April 30: Carbon, nitrogen link may provide new ways to mitigate pollution; Break-through MIT battery maker betting U.S. manufacturing can rise again

    Carbon, Nitrogen Link May Provide New Ways to Mitigate Pollution Problems

    A new study exploring the growing worldwide problem of nitrogen pollution from soils to the sea shows that global ratios of nitrogen and carbon in the environment are inexorably linked, a finding that may lead to new strategies to help mitigate regional problems ranging from contaminated waterways to human health.

    The University of Colorado at Boulder study found the ratio between nitrates — a naturally occurring form of nitrogen found in soils, streams, lakes and oceans — and organic carbon is closely governed by ongoing microbial processes that occur in virtually all ecosystems. The team combed exhaustive databases containing millions of sample points from tropical, temperate, boreal and polar sites, including well-known, nitrogen-polluted areas like Chesapeake Bay, the Baltic Sea and the Gulf of Mexico.

    “We have developed a new framework to explain how and why carbon and nitrogen appear to be so tightly linked,” said CU-Boulder doctoral student Philip Taylor, lead author on the new study. “The findings are helping us to explain why nitrate can become so high in some water bodies but remain low in others.”

    A paper by Taylor and CU-Boulder ecology and evolutionary biology Professor Alan Townsend is being published in the April 22 issue of Nature. The study was funded in part by the National Science Foundation. Both Taylor and Townsend also are affiliated with CU-Boulder’s Institute of Arctic and Alpine Research.

    While the vast majority of nitrogen gas is abundant in the atmosphere, it is nonreactive and unavailable to most life, said Townsend. But in 1909 a process was developed to transform the nonreactive gas into ammonia, the active ingredient of synthetic fertilizer. Humans now manufacture more than 400 billion pounds of fertilizer each year — much of which migrates from croplands into the atmosphere, waterways and oceans — creating a suite of environmental problems ranging from coastal “dead zones” and toxic algal blooms to ozone pollution and human health issues.

    Break-through MIT Battery Maker Tries ‘Made in USA’ — Betting U.S. Manufacturing Can Rise Again

    Yet-Ming Chiang relishes his 20-mile drive to work. His hybrid car  gets more than 100 miles per gallon, recharges by plugging into a regular wall outlet, and purrs so quietly that it’s his favorite place for making important phone calls.

    But what makes Chiang’s ordinary-looking beige Toyota Prius even more special is that it’s powered by a break-through battery he invented himself and is working to turn into the kind of high-tech, green, “Made in America” product that many see as the key to the nation’s economic future.

    Safer and more long-lasting than conventional lithium-ion car batteries, the 52-year old MIT professor’s invention packs 600 cells into a case the size of an airplane carry-on bag. His technology has already transformed the batteries used in many cordless power tools.

    So why are Chiang and his company, A123 Systems, having trouble moving to full-scale commercial production and creating thousands of new American jobs with his better mousetrap?

    The answer is a story of both the current obstacles to a rebirth of U.S. manufacturing – and of the tantalizing possibilities if such a rebirth could be achieved.

    The obstacles are rooted in the sad history of manufacturing’s decline in the United States: Despite the promise of Chiang’s batteries, many in Wall Street and Silicon Valley were incredulous when he and other leaders at A123 asked for capital to build factories in America – Asia, yes, but Michigan, why would you want to?

    Even more daunting, virtually all of the world’s battery manufacturing industry is now in Asia, where plants can be built faster and supplies and equipment are much easier to get than in the United States These days, it’s hard to find Americans who even know how to build a battery factory.

    That’s why A123 had to give in and build its first plants in China – where the company could move into production quickly to show auto industry customers that it could deliver on future contracts.

    “Without question, we would rather have done it all in the U.S.,” said Chiang, who left Taiwan as a six-year-old with his family, earned degrees at MIT and has been a materials science professor there since the mid-1980s. “I’m an American citizen,” he adds. “We’re an American company. It’s an American-born technology.”

    Despite the obstacles, A123 and a handful of other advanced battery producers are building plants in Michigan and other states – thanks massive government support that has offset Wall Street’s skepticism. A123 alone is getting a whopping $250 million in aid from Obama’s stimulus program as well as tax incentives from Michigan.

    Germany, Mexico trying to push climate talks ahead

    Five months after the troubled United Nations conference in Copenhagen, Germany and Mexico are teaming up in an effort to break the deadlock in negotiations on a global climate deal.

    They will co-host a three-day meeting in Bonn starting Sunday of representatives from a selected 45 countries with hopes of building trust and clearing some of the rubble left from Copenhagen, German Environment Minister Norbert Roettgen said this week.

    “The most important thing is to get the process moving again,” he said.

    Momentum in the drive to control global warming has slowed in some countries. The United States still has not tackled its domestic energy bill, which climate negotiators believe will provide a critical signal about U.S. global intentions; and Australia — one of the world’s biggest per capita polluters — put off for as long as two years legislation setting up a carbon trading scheme.

    Roettgen said Germany and others have not entirely given up on striking a deal at the next U.N. climate summit in Cancun, Mexico, Nov. 29-Dec. 10.

    “We want to pave the way to a good result in Cancun,” he said adding that “nobody wants another big disappointment.”

    The Copenhagen conference with representatives from some 190 countries last December was originally intended to produce a new global treaty to cut greenhouse gases and set up mechanisms to deal with the worst effects of global warming. Yet, the two-week meeting came up with far less than hoped, setting back the schedule for action possibly by years.

    China Nuclear Sets Up Fourth-Generation Plant Venture

    China National Nuclear Corp. set up a venture with local partners in Fujian province to build fourth-generation reactors as the world’s biggest polluting- country turned to clean energy to drive its economy.

    China National Nuclear holds a controlling stake in the venture formed on April 28 with Fujian Investment and Development Corp. and the government of Sanming city, where the atomic plant will be located, the Beijing-based company said on its website.

    The world’s fastest-growing major economy is developing nuclear energy to help cut reliance on more polluting coal and oil and to meet surging electricity demand. China is emerging as a potential exporter of atomic technology, increasing competition for companies including Areva SA.

    China National Nuclear and its partners aim to start building the plant “soon,” according to the statement.

    The fourth-generation nuclear technology developed under the China Experimental Fast Reactor program has “noticeable advantages” in increasing the efficiency of uranium use and reducing nuclear waste, China National Nuclear Vice General Manager Yu Jianfeng said in the statement.

  • 2011 GM Order Guide: Changes for Chevrolet Camaro, Corvette, HHR, Malibu; Cadillac STS

    We took a look through GM’s 2011 online order guide, which highlights scores of minor equipment changes across the General’s brands. Most of them are boring—do you really care that order codes for certain metallic paints have changed?—so we picked out the interesting and important changes for 2011 vehicles.

    Chevrolet Camaro

    GM has already announced some of the Camaro’s main changes, notably a fake power increase for V-6 models and the addition of an optional head-up display. Buyers also are now be able to specify factory-installed hood and hockey-stick stripes in black, white, or gray (pictured above) as part of a mid-2010 running change. Bad news for Transformers fans: picking Rally Yellow paint now costs extra.

    Chevrolet Corvette

    The Z06 Carbon Limited Edition, at right, is new for 2011 and slots between the regular Z06 and ZR1. Among other things, it includes the Z06 Ultimate Performance Package and Z06 Carbon-Fiber Package, which are also available separately on the middle Vette. The new model year also brings improved synchronizers for all manual-transmission Vettes, new five-spoke wheel designs for base Corvettes, and a retuned exhaust for the Z06.

    Chevrolet HHR

    As we reported last year when GM shut down its High-Performance Vehicle Operations group, the turbocharged HHR SS is dead for 2011, leaving just naturally aspirated engines in its wake. (Chevy’s SS lineup is now limited to just the V-8 Camaro.) HHR buyers also lose the ability to order chrome exterior trim or to delete the rear seat.

    Chevrolet Malibu

    Six-speed automatic transmissions become standard across the board for the Malibu; a four-speed auto had previously been included with the base LS four-cylinder model.

    Cadillac STS

    For 2011, the STS V-8 dies, leaving just the V-6 model with either rear- or all-wheel-drive. (It’s really no big loss since the aging 4.6-liter Northstar eight made only 18 hp more than the 3.6-liter V-6.) Adaptive cruise control, four-wheel active steering, real-time adaptive damping, and magnetic ride control were all only offered with a V-8 and thus vanish from the STS order form.

    Related posts:

    1. Chevrolet Confirms Camaro Convertible, Orlando, Shows Next-Gen Aveo and Malibu
    2. 2008 Chevrolet HHR / HHR SS – Review
    3. 2009 Chevrolet HHR / HHR SS – Review
  • Hyundai loses $1.8M lawsuit because of seats that recline too far

    Filed under: , ,

    Sarah Goodner was killed in Texas in 2007 when her 2005 Hyundai Tucson rolled over and she was thrown out the back window. The culprit for that odd circumstance – even though she had her seat belt fastened – was her seat, which was reclined so far back that she was able to slide out of it.

    Stuart Goodner, Sarah’s father, sued Hyundai claiming that the Tucson was unsafe because the seat could be reclined too much. A jury agreed, kind of, awarding Goodner a $1.8 million judgment against Hyundai, but also deciding that Hyundai was only 45% responsible for Sarah’s death. Stuart said, “We want people to know how dangerous it is to drive with the seat reclined, [and] we’re calling the auto industry out to correct this design defect so that no other family has to bury one of their children.”

    Forty-five degrees was determined to be the maximum amount of recline before driving became unsafe. And the issue isn’t new: The NTSB and NHTSA debated the issue in 1988 and couldn’t come to an agreement. Of course we can’t make light of this – a young woman has died. But we do wonder why it’s Hyundai’s responsibility to make sure you don’t drive your car in an unsafe manner. We suspect we haven’t heard the last of this…

    [Source: Go San Angelo]

    Hyundai loses $1.8M lawsuit because of seats that recline too far originally appeared on Autoblog on Fri, 30 Apr 2010 10:01:00 EST. Please see our terms for use of feeds.

    Read | Permalink | Email this | Comments

  • Porn for the Blind (Who Probably Aren’t Reading This)

    blind porn 1

    Special needs individuals get horny, too.  Porn is probably something most of the population takes for granted.  Without vision, porn is nothing more than an audio track.  Probably a guessing game as to what is going on.  Porn for the Blind takes that issue head on, by narrating exactly what is going on on-screen.  It warrants mentioning that the narration is done by amateur volunteers and is WILDLY unsexy.  You can hear an example here (extremely NSFW, unless your work is cool with really loud, clumsy descriptions of porn web sites).  Clearly this must be “Plan B” for the blind.

    So where else do the blind turn for sweet release?  Braille, of course.  Which I’m assuming is probably the equivalent of erotic fiction.  But what about the imagery?  Canadian artist Lisa Murphy has addressed this with her new 3-D book, “Tactile Mind”.  The pages contain seventeen images constructed of raised cardboard that can be easily felt to get the gist of the image.  Oddly, that’s where the familiarity stops.  The tactile figures are oddly-shaped and the face of every character is obscured by masks.  The reasoning behind this is unclear, at least on my end.

    blind porn 2

    Unfortunately for the blind, these books are handmade, and consequently, really expensive ($225 CDN = $222 US).  You can purchase individual diagrams for $25 apiece, but it’s this author’s opinion that would get really old really quick.

    So….um….I guess if you know any blind people, you should probably…um…read this to them.  Good luck, guys!

    Related posts:

    1. Bing Makes Finding Porn Just A Little Easier
    2. China Pays Rewards for Finding Porn
    3. YouTube Carpet Bombed with Porn Videos

  • Hyundai ix35 vem para o Brasil


    A nova geração do Tucson, o Hyundai ix35, está chegando no mercado nacional a partir de maio, segundo declaração da montadora no Brasil. O carro já está disponível para encomendas e possui cinco versões diferentes, e seus preços variam entre R$ 85.000 a R$ 105.000.

    Todas as versões do ix35 possuem motor 2.0 a gasolina com 170 cv e tração 4×2. Também possui câmbio manual de 6 marchas e airbag duplo frontal, ar condicionado, encosto de cabeça ativo e comando via satélite na direção. O câmbio automático de 6 marchas é um opcional que pode ser solicitado.

    Com seu preço de venda, o ix35 se torna mais um carro na linha comercializada pela Hyundai em nosso país, estando acima da Tucson, e abaixo do Santa Fé, que possui um modelo reestilizado recentemente.

    Via | Carro Online


  • Ad for a designer axe

    From TorStar “Designer Axes. Really.” Nice video report.

    Filed under: Business, Canada, united states, Video

  • MS Courier, HP Slate Canceled?

    While the big news this week was undoubtedly the HP purchase of Palm, two other news items may impact the mobile technology scene down the road. They may be related to the HP/ Palm merger, too. Microsoft has been teasing us with concept videos of the innovative Courier product, a dual-screen touch “journal” that is connected to the web and based on a new OS optimized for the device. Word came this week that Microsoft has canceled the Courier project, which is strange as it was never acknowledged by Redmond as really exisiting. Then today HP has reportedly canceled the Slate product, a Windows 7 tablet that was shown by Steve Ballmer at the CES this year.

    The cancelation of the Courier “concept” project, confirmed by Microsoft, is a shame. This device showed the potential of being the most innovative thing to come out of Redmond in years. While the usage scenario depicted in leaked videos was narrow, I do believe with a little attention the Courier could have evolved into a game-changing mobile device. It’s too bad that will never happen, although I’m sure Microsoft will make use of the technology the project exposed in other products. One can hope, anyway.

    The news that HP is canceling the HP Slate is surprising, and it may not be accurate. The Slate is a real product, demonstrated by both Microsoft and HP on several occasions, and HP has stated the product would be released. It’s not a concept or a pilot program, the Slate is a real product that was scheduled for release. There is some speculation that HP’s purchase of Palm has led to this product cancelation, as HP has implied they will be putting the webOS on a range of products including tablets. This may very well be, but I hope HP does it right if so.

    I’ve made it clear that to produce a good tablet, companies must pay attention to details other than the form factor. It is essential that a touch tablet be based on an OS that is built for such usage from the ground up, and webOS certainly meets that requirement. I do believe HP can make a killer tablet based on webOS, but not with a simple conversion of the HP Slate from Windows 7 to webOS. The Slate is a clunky, thick and heavy tablet, which will not work with consumers. I hope HP produces a thin, light tablet that is optimized for webOS through and through. That would be a killer product.

    Related research on GigaOM Pro (sub req’d):

  • BMW X4 is under consideration after X6 success

    BMW X6

    Whether or not you liked the X6, BMW says that sales of the car have had such a significant success that they are considering a smaller version of it – the X4. BMW said it has sold 80,000 units of the X6 since launch so it only makes sense to do a smaller, more affordable model.

    A source told AutoCar that the company is considering a smaller car in the same mould as the X6, likely to take the X4 name. However, the model has yet to be given the green light by executives.

    Click here to get prices on the 2011 BMW X6.

    “We haven’t made any firm decision,” said a source, “however, the X6’s success shows there is a continued demand for sporty off-roaders.”

    The BMW X4, if approved, will be built on the X3 platform.

    – By: Kap Shah

    Source: AutoCar


  • A Dose of Reality: They’re Robbing You Blind

    Do you get it yet? Or are you too numb and defeated to react to anything except the latest ball score or smutty sitcom?

    You are being robbed blind in broad daylight by people who would steal the last morsel off your table without a qualm, people you elected to serve you who are so venal they have no qualms or are so weak and stupid they convince themselves you are willingly sharing a feast.

    Watch CBS2 David Goldstein’s shocking report showing six-figure DWP workers going to strip clubs, drinking on the job, driving giant trucks while drinking beers wrapped in paper towels. Do you think those are isolated scenes of the few miscreants or a window into widespread abuses by a workforce that has total immunity from discipline as long as they don’t cross their union?

    See the mayor’s “boys will be boys” smirk as he promises to investigate as if it’s a teenage son and his buddies getting in trouble for stealing booze from the liquor cabinet and making fools of themselves.

    Is it any wonder that Austin Beutner — Jobs Czar, First Deputy Mayor and Interim DWP General Manager — is turning the DWP Headquarters into a fortress to keep the public from seeing how little is really going on inside a rogue agency that claims it’s losing money even as it jacks up rates, gives out big pay raises and has been hiring nearly 100 extra workers a month for the last two years?

    That’s right when everybody else is losing their jobs and getting no raises or pay cuts, the DWP is hiring madly, giving 6 percent raises followed by five years of raises of up to 4 percent and wanting 20 to 30 percent rate hikes. Does anybody know what the 1,400 extra bodies at the DWP are doing for the public benefit?

    What passes for Beutner’s and the mayor’s economic development and green energy policies is becoming clearer by the day — China gets the jobs and our green and we get the bills.

    They are trampling on DWP bidding procedures in a mad rush to buy solar panels made in China and cutting deals with an “upstart Chinese electric car company — best known for making cellphone batteries” — to buy their vehicles with city money, reduce port fees and provide $1 million in subsidies to create 150 jobs in LA and thousands in China.

    “Villaraigosa is basically bribing a Chinese car company to come to Los
    Angeles — and he’s using your money to do it…It illustrates that L.A. is such a
    hostile place for businesses that the only way they’ll move employees
    here is if City Hall gives them taxpayers’ money,” Walter Moore writes.

    “Do you understand, now, why Villaraigosa wants so desperately to raise
    your DWP rates?  It has nothing to do with ‘green power’ — unless by
    ‘green’ you mean ‘money,’ and by ‘power’ you mean ‘political power.’

    Day after day, City Council members, as they have for a year, go through every department eliminating services that make life better for the people of the city and create healthier neighborhoods even as they look for ways to squeeze more money out of you every which  way they can.

    All this is done in the name of cost-cutting when in reality it is service cutting, and revenue generating.

    A quarter of the city’s working population is unemployed or under-employed and nearly everyone’s income and wealth have decreased but the budget for next year with its $484 million deficit, papered down to $80 million, takes an optimistic view that recovery is just around the corner.

    Their fantasy is your nightmare. But keep pretending it’s all just a terrible dream and the morning will be bright and filled with optimism when you wake up.

    It is business as usual at City Hall. Nothing has changed or will change until you open your eyes and see the truth of what is happening.

    This isn’t a make-believe movie, it’s real and it’s your life and your city.

  • EU Commission issues consultation on Energy Strategy 2011 -2020

    The overall goal of European energy policy is to ensure that consumers and enterprises obtain safe, secure, sustainable and low-carbon energy at affordable and competitive prices. The challenges of global energy security and energy geopolitics, slow progress in combating climate change at the global level, the urge to recover on growth and jobs in the EU and the need to invest in tomorrow’s energy networks call for a new Energy Strategy to further deliver on those objectives. Completing the internal energy market, achieving energy savings and promoting low-carbon innovation are the main vectors to reach the objectives of competitiveness, sustainability and security of supply. An open global business climate and a more coherent and effective approach to the EU external energy relations will also help us to reach EU objectives. The new EU Directorate General Energy  has prepared a stock taking document with issues for consideration for further action. Submissions to this consultation are to be sent to [email protected] by 2 July 2010. More info at the DG Energy website

     

  • HP Kills Windows 7 Slate

    Looks like HP’s desire to make a webOS Tablet is deadly-serious. According to a source who has briefed TechCrunch, HP has killed the project and won’t be releasing their Windows 7-based Slate.

    It’s important to note that any webOS-based tablet is likely going to be a long ways off – hardware takes much longer to develop than most people realize and given both Palm and HP’s dedication to tightly integrating hardware and software, you can be sure that they’re not just going to slap webOS in its current incarnation on a slate device just to get it out the door.

    We’re optimistic, though. We strongly suspect that Palm has always intended to get webOS on a tablet device – they just needed to make a beachhead in the smartphone space first. When they first unveiled webOS back in January, Palm insisted that this platform would be around for "ten years" and they knew how to grow it. Palm has made the same statement many times since then. For all we know, Palm already has a plan for exactly what they think webOS on a tablet should look like – they just lacked the resources to make good on that vision. With HP in the picture, that’s not really a problem anymore.

    Source: TechCrunch. Thanks to everybody who sent this in!

  • Billionaire to Enter Florida Senate Race

    ST PETERSBURG, FL- Fox News has confirmed that billionaire real estate developer Jeff Greene will run in the Florida Democratic U.S. Senate race against four-term Congressman Kendrick Meek. Greene’s entrance adds a new layer in an already chaotic 2010 contest–one day after Charlie Crist announced his independent bid for Senate .Greene insiders say he will spend” whatever it takes” of his massive personal fortune to win the Democratic nomination.

    Greene is a colorful figure. He made his fortune in the now collapsed mortgage-based finance industry. His best man at his wedding was infamous boxing legend Mike Tyson, and when his friend, Hollywood Madame, Heidi Fleiss got out of prison, Greene put her up in his guest house for a year. Greene is no stranger to elected politics. He ran unsuccessfully for Congress in California, but as a Republican.

    Click here to see Jeff Greene’s announcement on Youtube.

  • Video: 2011 Ford Mustang GT 5.0L V8 promotional video (updated high-res gallery)

    2011 Ford Mustang GT

    Here is something a little exciting to kick off the last day in your work week. We’ve also updated the high-res image gallery so make sure you check it out after the jump.

    Click here to get prices on the 2011 Ford Mustang GT.

    Refresher: The 2011 Ford Mustang GT is powered by a 5.0L 4-valve Twin Independent Variable Camshaft Timing (Ti-VCT) V8 engine producion 412-hp with a peak torque of 390 lb-ft. Transmission choices include a 6-speed automatic and a 6-speed manual. The 6-speed automatic helps deliver anan estimated fuel-economy of 17/25 mpg (city/highway).

    2011 Ford Mustang GT:

    2011 Ford Mustang GT:

    – By: Omar Rana