Category: News

  • Closing Bell: Here’s What You Need To Know Before You Take Off For The Weekend (F)

    New York City skyline

    U.S. Markets:

        * DJIA: Up 69.83, or 0.63%, to 11,204.12
        * NASDAQ: Up 11.08, or 0.44%, to 2530.15
        * S&P 500: Up 8.57, or 0.71%, to 1217.24

    Commodities:

        * Oil: Up $1.42, or 1.70%, to $85.12.
        * Gold: Up 13.40, or 1.17%, to $1156.30.
        * Silver: Up 0.23, or 1.25%, to $16.27.

    Now here’s what you need to know as you leave work today:

    • In the latest sign that the economy is rebounding, New York’s economy has returned to growth for the first time since 2007. The growth is, however, expected to be “slow and fragile.”
    • FDIC chief Sheila Bair has backed the banking sector, saying that conditions are improving and bank defaults should peak by year end. Bair also lent her voice to the chorus pushing for Sen. Dodd’s financial reform bill to pass.
    • Ford has recalled 33,256 cars due to safety concerns. This is the second recall the manufacturer has had to make this year.

    Join the conversation about this story »

  • Roman Polanski Seeks Pardon From President Obama


    This mofo….

    Oscar-winning child predator Roman Polanski has enlisted the help of the world’s most powerful man in a last ditch effort to battle extradition on his 33-year-old stautory rape charge: He’s written a letter to President Barack Obama, according to French tabloid L’Express.

    How dare he drag Barry into this!

    The Chinatown director is currently under house arrest in Switzerland as prosecutors in California attempt to force him back to the United States (rightfully so, might I add) to face sentencing for drugging and raping a 13-year-old aspiring model in 1977.

    Several high-profile Hollywood figures have already spoken out in support of Polanski, now he’s hoping the US president will keep him out of jail. According to L’Express, President Nicolas Sarkozy – who is backing Polanski’s bid for freedom – “played the postman” and delivered Polanski’s handwritten note to Obama earlier this month.

    “In an astonishing act of backroom diplomacy, Nicolas Sarkozy hand-delivered a letter from Roman Polanski to Barack Obama last week on the sidelines of the anti-nuclear proliferation summit in Washington.”

    Polanski fled to France in 1978 after pleading guilty to a charge of unlawful sex with a minor. He was arrested by Swiss officials last September after arriving in the country to attend a film festival in Zurich. This week, a California judge torpedoed an effort by the victim, now a mother in her forties, to have the case thrown out.


  • Committee Reviews the Rating Agency Problem

    Almost no one disputes that the rating agencies played a major role in bringing on the financial crisis. To further investigate the mistakes they made, the Senate Committee on Homeland Security and Governmental Affairs held a hearing today where many rating agency representatives testified. There was also an enormous exhibits document (giant .pdf) referred to with facts and figures demonstrating the agencies’ epic fail, along with scores of e-mails showing their misdeeds. The lessons learned were mostly those we already knew, however: the agencies suffered from deep conflicts of interest and not enough competition.

    To see just how poorly a job the agencies did in rating mortgage-related securities, you need look no further than this chart, from the exhibits provided:

    agencies exhibits 1 - 2010-04-23.PNG

    You should read this chart as their percentage of failure. In the 2006 and 2007 vintages, that means their ratings ended up being generally incorrect at least 90% of the time. How could they be so wrong? Because they didn’t take into account that this could be a housing bubble (click on it for bigger image):

    agencies exhibits 2 - 2010-04-23.PNG

    Amusingly, this exhibit appears to come from a Paulson & Co. presentation, the firm famous for betting against the housing market in 2007, and at the center of the Goldman-SEC case. What made the agencies ignore the historical trend line above and claim that the incredibly steep rise in prices was a new normal?

    Bad Incentives

    The investment banks and loan issuers were the clients of the rating agencies. If an agency decided to rate deals more conservatively, then they feared their business would flee elsewhere to find one of the other agencies that were happy to be more aggressive to get another paycheck. Numerous intra-agency e-mails in the exhibits demonstrated this point. There was incredible pressure to maintain lax standards to keep the dollars flowing.

    This, however, could be easily remedied. One solution would be to revamp the system so that the agencies are no longer paid by banks and issuers. Instead, restructure things so that all agencies can rate deals and still get paid for their work. This could be done by building a fee into deals where investors pay a small fee for rated transactions. Then, divide up that fee between the agencies who choose to rate the transaction.

    Not Enough Competition

    The other problem stems from the fact that there’s an oligopoly of ratings firms — only three. With that little competition, it’s hard to get much diversity of opinion. If one agency decides to relax standards, the others feel pressured to follow.

    The clearest solution to this would be to reduce the barriers of entry into the ratings market. Right now regulations make it very difficult to become certified as a rating agency. As long as that’s the case, the big three will continue to rule the market.

    Instead the current framework should be completely dismantled. Financial firms and third-party research houses should get in the business of evaluating bonds, just like equity analysts do for stocks. In that case, there is often a diversity of views on whether to buy, hold or sell various companies’ equity. In much the same way, research arms could evaluate asset-backed securities instead of the market relying on the three agencies. This would also solve the pay problem, since these analysts would derive their income through their research services — paid by investors.

    Unfortunately, the current financial reform effort in the Senate does not include any such solutions to the rating agency problem. It utterly fails to address the incentives issue and the lack of competition. Page 8 of the bill’s summary (.pdf) shows how little the legislation would do to fix these problems that clearly contributed to the financial crisis.





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  • Tell Us What Camaro Or Mustang This Is And Win a T-Shirt! (Final Round)


    As we celebrate Mustang vs. Camaro Week and in anticipation of our upcoming comparison tests of the latest V-8 and V-6 versions, we dove into our archives and plucked out pictures of Mustangs and Camaros past. Then we zoomed in and cropped the photos to make identification a bit of a challenge. Here’s where the fun begins: Take a look at this picture and tell us what you see.

    Guessing the model is the easy part—say either Mustang or Camaro and you’ve got a 50-percent chance of getting it right. Year and trim level are where it gets tough, so let’s see what you’ve got. If you get it exactly right—year, model, and trim—you might win a C/D T-shirt, but only if you read these rules first. Post your answers in the comments below. And remember: We can’t contact you to tell you you’ve won unless your commenting persona was registered with a legitimate e-mail address. So make sure yours was.

    Related posts:

    1. Tell Us What Camaro Or Mustang This Is And Win a T-Shirt! (Round Two)
    2. Tell Us What Camaro Or Mustang This Is And Win a T-Shirt (Round Three)
    3. Tell Us What Camaro Or Mustang This Is And Win a T-Shirt!
  • The National ID: Would It Solve the Illegal Immigration Problem?

    In short: no, it wouldn’t, according to Chris Calabrese, legislative counsel for the American Civil Liberties Union, and Jim Harper, director of information policy studies at the Cato Institute, a libertarian-leaning research foundation.

    No one is going to be excited by a proposal that involves “finger printing the entire U.S. working population,” said Calabrese at a Cato Institute Capitol Hill briefing today. The proposed regulations are “costly, they’re ineffective, they’re bureaucratic. They’ll start with immigrants, but they’re a tool for social control.”

    What Calabrese is referring to is a proposal for a national biometric ID card, laid out by Sens. Charles Schumer (D-N.Y.) and Lindsey Graham (R-S.C.) in a Washington Post op-ed in mid-March as part of the comprehensive immigration reform bill they’re drafting. The two senators essentially plan on requiring “all U.S. citizens and legal immigrants who want jobs to obtain a high-tech, fraud-proof Social Security card,” they wrote.

    But according to Calabrese and Harper, the nationally uniform ID would create a long list of problems — and it wouldn’t help solve the problem of illegal immigration.

    Perhaps the most significant issue Calabrese addressed is that the problem targeted by the proposal won’t be affected at all. The card would require all U.S. citizens and permanent residents to get a card, but illegal immigrants who already ignore current laws can still just ignore the national ID. “You’re saying, ‘Let’s pass a law to target people who are already ignoring the existing law,’” Calabrese said. Employers could still hire people who do not have a card or have a falsified card, or they could simply pay their workers under the table.

    This isn’t just an immigration issue, Harper noted. “We’re talking about native-born Americans” who would be affected by this.

    Harper and Calabrese addressed some of issues with the national ID:

    – Anyone could still present false documents, either by creating a manufactured identity or stealing an identity, to obtain a national ID.

    – The actual ID could also be illegally reproduced.

    – Biometrics are untested. There is no good standard for biometrics. Harper pointed out that, for example, some people who work in manual labor don’t have easily distinguishable fingerprints.

    – The ID system could cost at least $100 billion, based on cost figures for a similar identification program, “the Real ID,” a voluntary state-issued national ID program implemented in 2005.

    – The system would create privacy issues, including a possible government database of information that could be easily corrupted.

    – It eliminates the choice of documents someone can use when applying for a job or for government benefits.

    – A nationwide system could create long delays for correcting errors.

    – It could encourage discrimination in the workforce, because employers might not want to deal with longer delays for immigrants (legal residents or naturalized citizens) who have more documents that need to be added into the system.

    “These problems have never been addressed,” said Calabrese, “and the problems are going to fall on the backs of workers.” He said it would invert the relationship between citizens and the state and it would mean certain rights are conditional upon approval by the government. A national ID would be “sort of like the note you needed to get to go to the bathroom in school.” Calabrese said the Arizona immigration bill is a step in that direction.

    The ACLU and more than 40 other organizations have publicly opposed the national ID proposal within Schumer and Graham’s immigration reform plan. But the entire proposal is still cloudy — the Post op-ed is the only concrete “plan” the senators have so far, and until the bill is actually introduced, no one really knows what to expect. It’s also unclear whether a national ID could face opposition from right-leaning anti-immigration groups.

  • Beijing 2010: Mercedes-Benz CLS Shooting Break concept is the four-door coupe of wagons

    Filed under: , , ,

    Mercedes-Benz CLS Shooting Break concept – Click above for high-res image gallery

    The shooting break (yes, it’s ‘break,’ not ‘brake’, according to M-B’s marketers) design isn’t something new – we’ve seen it before in smaller vehicles like the original BMW Z3 M Coupe. Today, though, Mercedes-Benz takes the shooting break concept one step further with the addition of two rear doors and a healthy dose of next-generation style. It’s the CLS Shooting Break Concept, folks. Think of this as the four-door coupe for the wagon segment.

    The exterior design is awash with swoopy shapes that mimic both coupe and hatchback/wagon elements. Full LED headlamps and sharp 20-inch wheels round off the whole outside package, and if we’re honest, we really like it.

    Under the hood lies a direct-injected 3.5-liter V6 capable of producing 306 horsepower and 273 pound-feet of torque (the exact same output as a Cadillac CTS, for what it’s worth). Mercedes-Benz hasn’t released estimates, but the automaker says that the concept car “sets new standards among the competition in terms of fuel consumption.”

    Scroll through our gallery below to see live shots of the CLS Shooting Break Concept direct from the floor of the Beijing Motor Show.

    Live photos by Sam Abuelsamid / Copyright (C)2010 Weblogs, Inc.

    Beijing 2010: Mercedes-Benz CLS Shooting Break concept is the four-door coupe of wagons originally appeared on Autoblog on Fri, 23 Apr 2010 15:01:00 EST. Please see our terms for use of feeds.

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  • Foss Friday: Ubuntu 10.04 RC, Memory Leak in X.Org on Ubuntu 10.04 RC, Ubuntu Shipping FREE CDs and more

    This is Ubuntu’s week in FOSS and it is to stay this way till the launch of Ubuntu. Canonical has recently faced some problem relating to its flagship product Ubuntu which includes the next version. The version 10.04 of Ubuntu is around the corner and Ubuntu fans all over the world are gearing up for it.

    News

    • Ubuntu 10.04 RC Release
    • Canonical  has just released the RC of Ubuntu 10.04 LTS. This marks the release candidate indicating that the product is due in time. Ubuntu 10.04 RC has all the final features that the final version of Ubuntu 10.04 will have. Want to download the RC? Get it here.

    • Memory Leak in X.Org on Ubuntu
    • This memory leak has resulted from a patch which was released to prevent GLX 1.4 crashes. Developers are unable to fix this and the GLX will possibly be rolled back to version 1.2. This problem is being considered urgent and is the top priority at Canonical right now. Read more at this post on Techie Buzz.

    How To

    • How to get a free Ubuntu 10.04 CD if you are from UK
    • Ubuntu shipit is open but apparently, it is not shipping out any CDs currently. Although, there is an alternative way to get free Ubuntu CDs if you are in the UK. OS Disks is giving out free Ubuntu CDs at their shop. Simply go to this page and order a free CD. It looks like a shopping portal but the CD is free to buy. Unfortunately, it works only for people in the UK. Read more at OmgUbuntu!.

    We are nearing the Ubuntu release and will do a full coverage of its release, download and features. Stay tuned.

    Foss Friday: Ubuntu 10.04 RC, Memory Leak in X.Org on Ubuntu 10.04 RC, Ubuntu Shipping FREE CDs and more originally appeared on Techie Buzz written by Chinmoy Kanjilal on Friday 23rd April 2010 04:00:58 PM. Please read the Terms of Use for fair usage guidance.

    Don’t miss these Related Posts:

    Join Techie Buzz on Your Favorite Social Networking Sites


  • Searching for the Location Gold Mine

    Investments into the next generation of location and augmented reality applications these days are as big as the buzz surrounding them. But while we’re seeing amazing apps and demonstrations, we’re still not seeing compelling revenue models.

    On Wednesday, April 28, a select group of about 75 entrepreneurs, investors and technologists will gather at the GigaOM offices for our 11th GigaOM Bunker Session to debate how we will monetize location and AR services. In this session, we will explore what revenue models will work in the near term, and what timelines we might see for the realization of further revenue. The conversation will be moderated by GigaOM Pro Analyst Phil Hendrix.

    A few speakers will lead the debate at the forum, but the overall emphasis will be on participation and comment by all those invited. Our conversation leaders will include:

    • Matt Galligan, SimpleGeo
    • Tom Coates, Yahoo
    • Marc Davis, Invention Arts
    • Rahul Sonnad, GeoDelic
    • Michael Liebhold, Institute for the Future
    • Ted Morgan, Skyhook

    The event is open to invitees only and will be live streamed at our subscription research site, GigaOM Pro. To submit questions or discussion topics, watch video or the event, and access post-event analysis from GigaOM Pro contributors, subscribe now. For a limited time, we are also offering a 20 percent discount on a one-year subscription. Enter the code “BUNKER0428″ at checkout.

    Related Research Briefings:


    Image courtesy of Flickr user nerdcoregirl

  • The Making Of an Invisible Nissan 370Z [Cars]

    It’s an ad for an oil company, but boy is it a great one. A 370Z was hand-reconstructed out of perspex, complete with semi-operational engine, and it’s sure to impress any date other than Wonder Woman. [Doobybrain via CrunchGear] More »







  • More details on the Lenovo LePhone

    Lenovo LePhone in China.

    More details have become available for the Lenovo LePhone, and not all of them are pretty. Previously thought to be running Android 2.1, it now appears to be running a highly-customized version of Android 1.6 that is being called LEOS (LEnovo OS?).

    Despite some quirks such as a proprietary data cable and a back with "striped texture feels like a touch rusty iron in the same chip," the reviewer seems to like the phone quite a bit. The source is all in Chinese, but it’s worth a look even with a poor translation. [CNbeta.com]

  • Meet The Plane Small Enough For Your Garage

    Have you always wanted a plane but didn’t want the hassle of the whole hangar thing? Well, the folks at Icon are showing off their Icon A5, which has wings that fold up for convenient storage right next to the Bowflex you never use.

    The travel-writin’ peeps at Jaunted.com snapped some pics of the A5, which is currently on display at the JetBlue terminal at JFK International Airport in New York.

    This puppy will set you back $135,000, but you won’t have to worry about carry-on fees… mostly because you can’t bring more than 60 lbs of baggage on board.

    Go over to Jaunted to check out their gallery of the A5.

  • BMW Brasil inova na comunicação da marca

    BMW X1

    O que é prazer pra você? Esta foi a pergunta condutora do primeiro publi-editorial do grupo BMW no Brasil, publicado neste mês na revista TRIP.
    O projeto BMW Joyride convidou três pessoas que tivessem em comum uma grande paixão: surfar. O destino escolhido para ilustrar este publi-editorial de 5 páginas foi Paraty e as paradisíacas praias ao redor da cidade histórica. A bordo do Novo BMW X1, Teco Padaratz, 38 anos, bicampeão mundial de Surf; Alex Miranda, 39 anos, sócio da Produtora Trator Filmes, e John Wolthers, 54 anos, Trader de café. Juntos criaram um diário de viagem único, ilustrando o verdadeiro significado de Prazer.

    O início desta inovadora estratégia de comunicação começou em dezembro de 2009, ao criarem ao lado do designer, Kiko Farkas, 3 pranchas com os motivos: praia, campo e cidade. As pranchas ficaram presentes no Café de La Musique, em Jurerê, durante o verão de 2010. Na seqüência, a revista TRIP produziu este publi-editorial de 4 páginas para a BMW, provando que conteúdo e publicidade caminham juntos.

    A confecção desde publi-editorial veio de encontro com o perfil e conceito do Novo BMW X1: um SAV compacto premium, jovem, versátil, ativo, capaz de permitir uma condução baseada na emoção, onde o carro torna-se um companheiro em qualquer situação: campo, praia ou cidade.

    Fonte: Visar

    BMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIPBMW X1 - TRIP


  • Beijing 2010: The Randomness That is a Chinese Auto Show

    Why, yes, that is a leopard-print Dodge Caliber. And that’s a leopard’s head painted on the hood. A saber-tooth leopard. Hopefully nobody poaches it. Not pictured: Chrysler Sebring Rhino Edition.

    This is not a Segway. (And that sentence was not a segue.)

    Sorry, Steve Jobs, Dongfeng beat you to it. Sic ‘em, Apple lawyers!

    This man is not amused by the army of inflatable dolphin people. He will not be visiting Chinaauto.net any time soon. (The show’s logo is dolphin-related, so this isn’t a complete non-sequitur. Although a dolphin logo for an auto show is.)

    Thought GM killed its minivans? The people-hauler lives on in China as the Buick FirstLand GL8.

    What is this NBA-edition Highlander doing here? Or anywhere, for that matter? Maybe they wanted to impress Yao Ming on the off chance he appeared at the show.

    Related posts:

    1. Beer Goggles at the 2008 Beijing Auto Show: 5 Chinese Cars Ready for America
    2. Beijing 2010: 89 World Debuts Provide Proof That the Chinese Auto Market is Exploding
    3. Beijing 2010: Saab and Spyker Stand Together
  • Writing a good system dynamics paper II

    It’s SD conference paper review time again. Last year I took notes while reviewing, in an attempt to capture the attributes of a good paper. A few additional thoughts:

    • No model is perfect, but it pays to ask yourself, will your model stand up to critique?
    • Model-data comparison is extremely valuable and too seldom done, but trivial tests are not interesting. Fit to data is a weak test of model validity; it’s often necessary, but never sufficient as a measure of quality. I’d much rather see the response of a model to a step input or an extreme conditions test than a model-data comparison. It’s too easy to match the model to the data with exogenous inputs, so unless I see a discussion of a multi-faceted approach to validation, I get suspicious. You might consider how your model meets the following criteria:
      • Do decision rules use information actually available to real agents in the system?
      • Would real decision makers agree with the decision rules attributed to them?
      • Does the model conserve energy, mass, people, money, and other physical quantities?
      • What happens to the behavior in extreme conditions?
      • Do physical quantities always have nonnegative values?
      • Do units balance?
    • If you have time series output, show it with graphs – it takes a lot of work to “see” the behavior in tables. On the other hand, tables can be great for other comparisons of outcomes.
    • If all of your graphs show constant values, linear increases (ramps), or exponentials, my eyes glaze over, unless you can make a compelling case that your model world is really that simple, or that people fail to appreciate the implications of those behaviors.
    • Relate behavior to structure. I don’t care what happens in scenarios unless I know why it happens. One effective way to do this is to run tests with and without certain feedback loops or sectors of the model active.
    • Discuss what lies beyond the boundary of your model. What did you leave out and why? How does this limit the applicability of the results?
    • If you explore a variety of scenarios with your model (as you should), introduce the discussion with some motivation, i.e. why are the particular scenarios tested important, realistic, etc.?
    • Take some time to clean up your model diagrams. Eliminate arrows that cross unnecessarily. Hide unimportant parameters. Use clear variable names.
    • It’s easiest to understand behavior in deterministic experiments, so I like to see those. But the real world is noisy and uncertain, so it’s also nice to see experiments with stochastic variation or Monte Carlo exploration of the parameter space. For example, there are typically many papers on water policy in the ENV thread. Water availability is contingent on precipitation, which is variable on many time scales. A system’s response to variation or extremes of precipitation is at least as important as its mean behavior.
    • Modeling aids understanding, which is intrinsically valuable, but usually the real endpoint of a modeling exercise is a decision or policy change. Sometimes, it’s enough to use the model to characterize a problem, after which the solution is obvious. More often, though, the model should be used to develop and test decision rules that solve the problem you set out to conquer. Show me some alternative strategies, discuss their limitations and advantages, and describe how they might be implemented in the real world.
    • If you say that an SD model can’t predict or forecast, be very careful. SD practitioners recognized early on that forecasting was often a fool’s errand, and that insight into behavior modes for design of robust policies was a worthier goal. However, SD is generally about building good dynamic models with appropriate representations of behavior and so forth, and good models are a prerequisite to good predictions. An SD model that’s well calibrated can forecast as well as any other method, and will likely perform better out of sample than pure statistical approaches. More importantly, experimentation with the model will reveal the limits of prediction.
    • It never hurts to look at your paper the way a reviewer will look at it.
  • UK government to compensate pilot wrongly detained after 9/11

    [JURIST] Officials from the UK Ministry of Justice announced Friday that the government will award compensation to Lotfi Raissi, an Algerian-born UK man wrongfully detained in the wake of the 9/11 attacks. Raissi was jailed in September 2001 on a US extradition warrant after being indicted by a federal grand jury on accusations that he provided pilot training to 9/11 hijackers. In February 2008, the UK Appeals Court ordered the Ministry to consider Raissi’s appeal for compensation, reversing a 2007 High Court ruling that he was ineligible for compensation because his detention stemmed from an extradition order. The Appeals Court held that the issue of extradition is not relevant to the question of compensation so long as it still results in a miscarriage of justice by UK courts. Last month, the Appeals Court gave Justice Secretary Jack Straw 28 days to decide whether to compensate Raissi. An independent assessor will now determine the amount of the award, which some expect to be several thousand pounds.
    Raissi was arrested naked in his home with his wife and brother on September 21, 2001. He was granted conditional bail five months later because the US government was unable to adduce any evidence to support its allegations. He sought compensation under a government scheme allowing payment to any “person whose convictions are quashed on appeal or who, following charge, have not been proceeded against or have been acquitted of crime at trial.”

  • C4L Conference Discount Expires Today

    By John Tate

    Ron Paul, Campaign for Liberty, and speakers including Tom Woods, Bob Murphy, and Bruce Fein are coming to Des Moines, Iowa on May 14-16 for C4L’s Iowa Regional Conference and Forum on the Future of Conservatism.

    If you are planning to join us at the Embassy Suites on the River in downtown Des Moines for these three packed days of activities and have not yet reserved your room at the Embassy Suites, our specially discounted rate for Conference attendees expires today!

    Find out more about the Embassy Suites and our Iowa Conference by clicking here.

    Visit the Embassy Suite’s website to register for your C4L room rate directly with the hotel.

    Watch the video below to hear Congressman Paul talk about the Iowa Conference:

    At this time, I’m proud to announce that Doug Bandow, frequent C4L contributor and former special assistant to President Reagan, as well as Daniel McCarthy, senior editor at The American Conservative, will also be speaking at our Forum on the Future of Conservatism!

    Join us in Iowa on May 14-16 for top notch grassroots training (click here to register), issue education, organizational meetings, and a time of motivation and fun with like-minded people.

  • Small Explosion, Evacuation at E Ink

    E Ink logo
    Wade Roush wrote:

    A small explosion at E Ink forced an evacuation of the company’s Cambridge, MA, offices and manufacturing facilities near Fresh Pond this afternoon. No injuries were reported, but employees have been sent home for the weekend as the company deals with water damage from the building’s sprinkler system.

    The company said in a statement released to Xconomy: “There was a small incident at E Ink today. The incident was contained to a very small space within [the] R & D facility. No one was injured. There is no damage and no interruption of production. The incident was quickly taken care of and E Ink is cooperating with the fire department. Employees were sent home for the day because the sprinklers were engaged as result of the flash and resulting smoke. All employees will return to business on Monday.”

    E Ink, which is a division of Taiwanese display maker Prime View International, makes the electrophoretic displays used in e-reader devices such as the Amazon Kindle, the Sony Reader, the Barnes & Noble Nook, and Plastic Logic’s forthcoming Que proReader.

    Sriram Peruvemba, E Ink’s vice president of marketing, told Xconomy that the incident occurred in a “pod” or shop area in the company’s R&D operation where an employee was mixing various materials, and that it will not slow manufacturing of the “VizPlex” films used by E Ink’s customers.

    E Ink researchers and engineers studying new display technologies routinely work with small amounts of dangerous materials, Peruvemba says. “Basically the research guys constantly get approval form the local authorities to bring in small quantities of different substances, including substances that may be flammable if mixed incorrectly,” he says. “In the next day or two we will know exactly what he mixed and what caused this. All of that will now be investigated by the fire department.”

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  • Quark Cherry Pie

    Quark Cherry Pie

    With a big tub of quark in my fridge, I wanted to do something special with it. Quark is low in fat and high in protein, and it is a very versatile baking ingredient because it is stable in the oven (although it is good when eaten plain, too). I decided to turn mine into a pie, a variation on cheesecake.

    This pie has two layers of quark cheesecake sandwiching a sweet filling made with cherries. I used jarred cherries, but frozen and defrosted cherries will work very well, too. Compared to a regular cheesecake, this pie is very easy to make. It takes minutes to mix it up and doesn’t have a long baking time. There is no need for a water bath or any of the other precautions that you might take with a cheesecake to get the pie to turn out well. Plus, quark is low in fat so you can feel pretty good having seconds when the pie is ready to eat.

    Flavor-wise, the pie tastes like a cherry pie cheesecake, with a rich consistency and a very creamy texture. It’s not as heavy as a cheesecake because quark has that slight tang to it, much like plain yogurt or sour cream, that gives it a slightly fresher taste. It also makes it a great background for the fruit filling, allowing the great flavor of the cherries to stand out. The pie is good at room temperature, but I preferred it when it had been chilled before serving.

    Quark is a bit of an unusual ingredient in the US, and while you might be able to find it at some specialty stores in your area (especially if they have a lot of gourmet/European baking ingredients), you also might not be able to find it. If you can’t, fromage frais would work pretty well as a substitute, although it may be slightly thicker than quark typically is. If you live in Europe, you probably won’t have a problem finding quark. Otherwise, keep an eye out because this low fat cheese is great for baking and will probably catch on even more in the US over the coming months.

    Quark Cherry Pie, whole pie

    (more…)

  • BBGeekcast: April 23, 2010 – Episode 113

    We’ve got a bit of hardware news and a bit of software news this week, and they’re both going to be controversial. What else is new? It seems that everything RIM does is under the microscope these days, because of the competition from Apple and Google. Still, I think it’s pretty good news.

    So click on over here to hear the BBGeekcast (10 min, 17 sec)

    And don’t forget to subscribe to the podcast so you won’t miss future episodes!

    You can also subscribe to the BBGeekcast in iTunes.

    Highlights include:
    (more…)

  • Obama visits Quincy on Wednesday, an Illinois homecoming

    As predicted in this blog, the White House on Friday confirmed President Obama will visit Quincy, Ill. next week.

    below, from the White House….

    WASHINGTON- On Tuesday, April 27, President Obama will continue the White House to Main Street tour with stops in Iowa. In the early afternoon, he will tour Siemens Energy Inc Facility in Fort Madison and then share ideas with workers for continuing to grow the economy and to put Americans back to work. He will then make a stop in Mt. Pleasant. Later in the afternoon, President Obama will hold a town hall meeting in Ottumwa at Indian Hills Community College. The President will depart from Des Moines International Airport on the morning of April 28.

    On Wednesday, April 28, the President will hold events in Macon, MO and Quincy, IL. More details will be announced for these events as they become available.only.