Category: News

  • Novidades da Chevrolet com a linha 2011 do Celta e Prisma


    Foi apresentado nessa última quarta-feira, dia 21, a nova linha 2011 do Celta e Prisma. Embora não tenham havido grandes mudanças em seus modelos, os preços dos carros serão reduzidos para que sejam mais atrativos ao consumidor.

    O Prisma vai começar a ser vendido nas versões Joy 1.0 e Maxx 1.4, e os preços serão 5% mais baratos, segundo a montadora. Por exemplo, o Prisma 1.4 que antes custava R$ 37.997 agora está custando R$36.074.

    Uma outra mudança menos importante nos novos modelos vai ser o novo tom de preto que a GM usa em todo o mundo, que vai substituir o atual “preto Liszt”. Vamos ver se os novos modelos realmente irão chamar a atenção do consumidor com suas melhorias.

    Via | Pit Stop Brasil


  • Apple, Please Fix These Problems Before the New iPhone Comes Out [IPhone]

    There’s a lot to be happy about in iPhone OS 4. Like multitasking, and threaded inboxes. So why doesn’t it feel right? More »







  • The Sharky Tea Infuser

    Me wanty this tea device, the Sharky tea infuser. You put your tea in the bottom compartment, attach the dorsal fin top, and set it afloat in your (preferably glass) cup. The effect of the tea infusing into the water from the shark appears both beautiful and exciting. In the words of the Argentinian designer Pablo Matteodo:

    INFUSION means to extract certain properties from an soluble ingredient such as tea leaves , herbs or fruit by soaking in liquid (water) until it gets saturated. So we can say that a infuser is the in charged of make this happen. This is a ludic point of view about the color given off from the phenomenon, which makes more interesting the waiting of the whole process.

    Making tea at home just got a little more dangerous. Duhn-duhn! We’re gonna need a bigger kettle.sharkydesign.jpg
    Sharky Tea Infuser [Burstoid]

  • The new environmentalists wear hard hats – Interview with Van Jones on ‘Earth Day 2.0’

    “It’s going to be a different kind of environmentalism. Sleeves rolled up, hard hat, lunch bucket, that’s going to become the image of the environmentalist rather than just our beloved tree huggers.”

    A lot has changed in the past 40 years, and so we asked CAP Senior Fellow Van Jones what he thinks about Earth Day this year and what the modern day environmentalist looks like.  His short answer is above.  Here’s more:

    Listen to the podcast with Van Jones (mp3)

    Now that we’ve become a little more environmentally savvy, Earth Day means some people are going out and buying Priuses and taking eco-friendly vacations. But let’s put this Earth Day in the context of the Great Recession. There are families struggling across the country. What does Earth Day mean for them?

    Well, first of all, Earth Day is changing. Earth Day at 40 is very different than Earth Day at 20. I remember Earth Day at 20. I was in college and it was really all about the birds and the bees and that kind of stuff. Now, it’s much more about economic opportunity. The next 40 years of environmental policy will be primarily economic policy as we begin to repower America with cleaner energy.

    Solar panels don’t put themselves up. Somebody’s actually got to get a job to put those solar panels up. Wind turbines don’t manufacture themselves. Homes don’t retrofit and weatherize themselves. So everything that is good for the environment is a job. I think we need to be a lot clearer about that, a lot louder and prouder about the fact that what we need to do to repair the “earth” and beat the global recession is the same thing we need repair the environment and beat global warming. It’s actually literally the same type of activity.

    So what are some of the smart policies that are out there right now either in play or being proposed that could actually go a long way to what you’re talking about?

    I’m most excited about the proposal for HOME STAR, which is so-called Cash for Caulkers, which is about making people’s homes better. Right now people are paying 20, 30, 40 percent too much on their energy bills because we don’t have the right insulation, we don’t have the right windows, we don’t have the new boilers and furnace, but nobody’s got any money to go get all that stuff. And so HOME STAR would actually give some tax credits and some support for ordinary Americans to go and say, “I’m going to invest in my home. I’m going to save on energy.” But that’s also going to stimulate the economy and give somebody a job to come in here and install all that stuff.

    What’s so important about energy efficiency—everybody talks about solar panels and that’s the kind of sexy stuff—but these hardworking energy efficiency dollars are the most fiscally conservative and possibly high-impact dollars we can spend in the short-term. So these are the kinds of proposals, I think, that it’s kind of like Earth Day 2.0 moment that we’re in where it’s going to be a different of environmentalism. Sleeves rolled up, hard hat, lunch bucket, that’s going to become the image of the environmentalist rather than just our beloved tree huggers.

    You said there are a lot of important debates coming up very soon. How important is it to hear the voices of diverse constituencies and everyday people in these debates around energy policy and legislation?

    Well, I think that coming up next week we’re going to see a renewal of this debate because Sen. Kerry and Sen. Graham and Sen. [Joe] Lieberman will be coming forward—allegedly—next week with a new proposal that will begin to get us off overseas oil and will begin to put people to work in giving us energy independence and cutting carbon. Ordinary folks need to be able to step up in that because there’s going to be a lot of people that want this bill to only help the energy companies and not to help ordinary people. And there’s going to be the opportunity for regular people to get real actual benefits—to get refunds. People are like, “oh, I’m scared of this energy bill because it’s going to make my energy bill go up,” but there’s a way you can actually get a refund on your energy bill and actually wind up with more money in your pocket if you make your home more energy efficient.

    So we’re going to see a tug of war now between the interests that want to keep things in the old way and people that want to do things in a new way. You say, “why is it important for ordinary voices to be heard?” Well, because frankly, if we had a clean energy economy, we would have more work, more wealth, and better health for regular people. That’s what’s not getting through. There are way more jobs putting up solar panels, building smart batteries, making wind turbines, putting them up, than we will ever have again in America in the coal lines. Period.

    If you want a jobs agenda, we need to be moving toward a technology-based job agenda rather than continuing to pull down on our natural resources that we are now beginning to see dwindle here in America. You’ll have more wealth. There are way more entrepreneurial opportunities for new businesses and new products and new services in the clean energy space. Not many people are going to go out and start an oil company tomorrow. But people can go start a solar company tomorrow.

    So just straight-up common sense. There’s more wealth to be had for ordinary people in a new economy. And also from a health point of view, the green agenda is about cleaner air, cleaner water, healthier food. And so the stuff that ordinary people are dealing with—the questions around work, wealth, and health—we have much better answers, those of us who are champions for the green economy, than the people who are the champions of the dirty energy economy.

    Listen to the podcast with Van Jones (mp3)

    Van Jones is a Senior Fellow at the Center for American Progress focusing on “green-collar jobs” and how cities are implementing job-creating climate solutions.

  • RI Flooding: Thousands Remain Unemployed

    More than 3,100 people lost their jobs due to the historic flooding that ravaged Rhode Island last month. State officials say more than 120 businesses closed down, further burdening a state that is already in a deep recession with one of the highest unemployment rates in the country at 12.6%.

    “It really couldn’t have come at a worse time,” said Sandra Powell, the Director of the Rhode Island Department of Labor and Training. “We were really just starting to see some changes in our economy that made us very hopeful and I think while this month’s unemployment numbers don’t really demonstrate the impact of the flooding, over the next several months we’re going to see what that impact is on Rhode Island’s economy.”

    The state labor agency has been struggling to keep up with the increased need for unemployment benefits. Three factors have created a “perfect storm” to further challenge their efforts. Between those effected by the depressed job market, the flooding and Congress’ recent extension of unemployment benefits, the agency is overwhelmed. They are working to bring 25 new workers up to speed to help with the backlog but, in the meantime, people trying to file claims can wait nearly an hour on the phones.

    The agency hopes that many of the job losses associated with the flooding will be temporary.

    “We’re starting to see some businesses slowly begin to reopen again,” said Powell. “But time will tell whether or not they’re all able to reopen based on the impact of the flooding in their own individual businesses.”

    The Cranston Casting Company, which specializes in work with precious metals, was among the more than 100 businesses left devastated by floodwaters.

    “We’ve been in this building since 1960 and we never had a puddle in our parking lot,” said owner Al Schoeninger. Before the flood, the company supplied roughly 600 jewelry designers and companies across the country.

    Schoeninger’s grandfather started the company in 1948. Now, generations later, they are struggling to rebuild all that was lost.

    “My employees helped us clean up. Friends. People that were out of work, skilled laborers, they came in and they’re donating their labor,” said Schoeninger.

    “Through some hard, hard work with everybody- we saved some big units and right now we’re probably looking at about 50,000 to 75,000 dollars that I’m going to have to come up with to get this place open again,” said Schoeninger who is frustrated and angry with the elusive hunt for funding. “I can’t do a loan. I can’t put up my house. I just lost my business. I’m looking for grant money. I’m looking for free money.”

    Schoeninger said he hopes to get back to work soon, offering limited service to some clients.

    “Before the flood we had 12 employees. We hope to reopen up again in a week or two with probably six,” said Schoeninger, who says they won’t be able to offer all the services they have in the past. He’s hopeful loyal clients will return and help get them back on their feet.

  • Gallery: First Images from NASA’s Astounding Sun-Gazer | 80beats

    NEXT>

    Sun1

    On this Earth Day, NASA’s focused on the sun. It just released the first images from the Solar Dynamics Observatory (SDO), launched in February to study our star in breathtaking detail at a rate of 60 images per minute. The new pictures include the evolution of this loop. Known as a prominence eruption, the loop was born from a relatively cold cloud of plasma, or charged gas, tenuously tethered to the sun’s surface by magnetic forces. Such clouds can erupt dramatically when they break free of the sun’s unstable hold [National Geographic].

    Scroll through the gallery for a few more blazing wonders.

    Images: NASA


    NEXT>


  • Visualizing your energy thirst on Earth Day’s 40th

    With today marking the 40th anniversary of Earth Day, we’re taking the data visualization toolkit that we’ve recently been applying to our healthymagination initiative and instead focusing it on ecomagination. The simple idea behind data visualization is to take what can often be intimidating amounts of scientific data and turn it into useable information that makes an impact in people’s lives. The new interactive visualization below provides a number of different views on how the appliances in your home consume energy. You can use the tool to measure the average impact of over 50 different electronic devices — from hair dryers and coffee makers to phones and fans — in terms of watts used; the dollars it costs to operate; and the equivalent power consumption in gasoline. The tool even shows what one kilowatt hour yields for each appliance (a toaster produces 36 pieces of toast in one kilowatt hour; a water heater gets just 125 minutes of use). As the visualization team notes, in the United States over 20 percent of our total energy consumption is residential. In fact, the U.S. is the 7th largest per capita consumer of residential energy.


    Are you living with a gas guzzler? Click the image to launch the data visualization. Blue stars indicate ENERGY STAR models are available.

    In recent data visualizations, we’ve partnered with the team at GOOD and visualization guru Ben Fry. Today’s project is part of a new partnership with designer Lisa Strausfeld and Pentagram, which Fast Company magazine recently cited in its list of the “Top Ten Most Innovative Design Companies.

    Meanwhile, it wouldn’t be Earth Day without Dwight Schrute from “The Office” dressed in green and sporting a third eye as “Recyclops.” Check him out and others in an operatic take on the “Green is Universal” campaign at GE’s NBC Universal in the video below.

    Learn more about data visualization in these GE Reports stories:
    * “Visualizing health with The Economist Intelligence Unit
    * “Data visualization: A GOOD look at affording care
    * “Ben Fry at SXSW 2010: Visualizing data challenges
    * “A GOOD look at the ‘Cost of Chronic Diseases’

    *See all of our recent healthcare data visualizations in one place
    *Learn more about designer Lisa Strausfeld
    *Read Fast Company’sMasters of Design” feature on Lisa Strausfeld

  • Where is this?

    photo-15

    Who can tell me where this sun-streaked dining room is? It was my first time here, and I had to wear sunglasses during the first 30 minutes of our meal. I felt like a rock star, although I’m sure I looked like a doofus…

  • HTC HD Mini: Any questions?

    HTC HD Mini Thanks to Clove, we recently got an HTC HD Mini for review.

    We’ve got a few videos and a full review to go, but if there are any questions you want answered, let us know below!


  • Earth Day survey is fun #earthday

  • Guantanamo Bay 2010: ‘Bush With a Smile’

    Adam Serwer, fresh from a trip to Guantanamo Bay to see a proceeding in an Obama-era military commission, draws some conclusions about the administration’s national security approach:

    The detention camps have become more bearable for the detainees, with 85 percent of them now living communally, up from around 40 percent more than a year ago, according to the Joint Task Force (JTF). Only 12 detainees are on hunger strike, (down from a high of 100 in 2006) five of whom are being force-fed, according to a JTF spokesperson. Long-planned construction projects, like a soccer field for Camp Six have been finally completed, giving the detainees more outside space than before. The detainees watch television and have recently been given access to satellite radios that let them listen to the Koran being chanted. In addition to literacy, language, and art classes, a new “life skills” class whose curriculum includes “resumé building” has been set up. Only one detainee has expressed interest so far.

    Guantanamo Bay: Now With Only 12 Detainees On Hunger Strike. Serwer says it’s “Bush with a smile.” And that extends to due-process allowances in the commissions after Obama and Congress passed a legislative revamp last year:

    “There are significant improvements both in terms of procedure, rights available, and rights to resources, in particular in death-penalty cases,” says Mike Berrigan, principal deputy chief defense counsel for the Office of Military Commissions. “But there’s a large hill to climb.” The size of that hill will become apparent in the coming weeks as reporters from all over the world descend on Guantánamo for the initial hearings in the case of Canadian national Omar Khadr, who was captured in Afghanistan in 2002 at the age of 15.

    As it happens, I’ll be one of those reporters. Watch this space next week for pictures, video and as much of a real-time portrait of military commissions and Guantanamo Bay in the era of Obama as military and technological restrictions permit.

  • Netflix Shares Rocket Past $100 For The First Time Ever (NFLX)

    Reed Hastings with DVDs

    Netflix shares blasted through $100 for the first time ever today, following a solid earnings performance yesterday, strong guidance, and impressive traction for the company’s streaming video service.

    Factoring in today’s 16% rise, Netflix shares have now effectively doubled since the beginning of 2010.

    Netflix shares do trade at a high multiple, but any gains make the WSJ’s Martin Peers look even more ridiculous for his call 13 months ago that Netflix’s “stock-price bubble may be close to bursting.”

    That was in late March, 2009, when Netflix shares were trading in the $40s. “Netflix fans take note: A correction is looming,” Peers wrote.

    Shareholders who bought in that day have more than doubled their money.

    Join the conversation about this story »

    See Also:

  • Codexis (Nasdaq: CDXS) Raises $78M

    As expected this morning  biofuel  maker Codexis sold six million shares priced at $13 as part of its Initial Public Offering (IPO), raising $78 million. Shares sold on the low-end of the company’s $13 – to – $15 per share range.  The company has an initial market cap of $441 million.

    Credit Suisse led the IPO. Piper Jaffray, RBC Capital Markets and Pacific Crest Securities were co-managers.

    Since 2002 Codexis has raised $80 million. Investors include Royal Dutch Shell, CCTV Investments, CMEA Ventures, Pequot Capital, Bio*One Capital and Pfizer. The company manufactures synthetic enzymes that convert organic materials — like wood chips, switchgrass, cornhusks, sugar cane — into biofuel. The process can also be used for the pharmaceutical indusry — see full press release.

    Happy Earth Day!

  • Sponsor post: Sponsor post: Help Earth Feel the Love

    When you think about our little blue planet, do you feel a little sad and frustrated? We know that feeling, what with climate deniers and Congress and the big empty that was Copenhagen. But if you know where to look, there are some amazing things happening in the strangest of places. Mama Earth needs to know we haven’t given up on her yet. Visit hopensource.org to see all of the hopeful things happening around you: people, projects and stuff, and to share your own ideas — with extra points for funny stuff. After all, good stuff doesn’t have to be boring. We all need to lighten up.

    Want to show Earth the love? Visit hopensource.org and learn more!

  • How Facebook’s Newest Feature Could Change the Internet

    Did Facebook just conquer the Web?

    Once a mere online yearbook, Facebook has recently grown to become the most trafficked domain on the Internet. But that was just the prelude. The next chapter starts this week, with Facebook CEO Mark Zuckerberg announcing a new application that could plant Facebook plug-ins on every square inch of the Internet and let publishers share and collect the public data of each user.  “Facebook is basically going to be the Web,” wrote Slate tech columnist Farhad Manjoo on Twitter.

    Here’s the change you’ll notice: websites like Yelp and Slate and CNN will start dropping social “plug-ins” — little Facebook widgets — into their sites. This way, you can see what your friends have read and liked. As Slate’s editor David Plotz explained in a note to readers, “just press the Facebook ‘Like’ button at the bottom of any story, add a
    comment if you want, and approve it: A post saying that you have ‘Liked’ the story will appear on your Facebook wall and as part of your
    news feed.” If that doesn’t sound terribly revolutionary, it’s because it isn’t. Plug-ins for other social media sites like Digg already exist on many websites.

    But wait, there’s more.

    Facebook will allow website developers to collect and use our information when we connect to a site. When I press the “like” button, that goes into social clearinghouse of information. Other sites can see the articles I like on CNN, the music I like on Pandora, the food I like on Yelp … and that’s in addition to any information I make public on my Facebook profile. The Facebook team calls this application “Open Graph.” You can call it the future of marketing.

    What does this mean for privacy? Open Graph initially sounds pretty invasive. But remember that everything that flows into this reservoir of content is already public. Facebook’s new policy doesn’t make your private information public. It makes your public information a lot more public. Content that was once between you and your pal’s news feed is now playing all your friends’ CNN Facebook plug-ins and sloshing around in a matrix of information. “Public no longer means public on Facebook,” says Mashable’s Christina Warren. “It means public in the
    Facebook ecosystem. My advice to you: Be aware of your
    privacy settings.”

    What does it mean for websites and advertisers? That’s the billion-dollar question. For now, the honest thing is to say we don’t know. The Facebook ecosystem will run on a living, breathing semantic memory of its users’ likes. Sounds like an ad goldmine. Maybe this could pave the way toward true targeted advertising: browsing CNN on my smart phone in Dupont, a mobile ad pops up with a happy hour coupon for a restaurant I said I liked on Yelp. Or imagine a better news aggregation site: a waterfall of links with all of the articles “liked” by friends who self-identify as conservative on Facebook. Facebook search engine? It’s not out of the question.

    Facebook, I once wrote, is a bit like a Middle
    Eastern country sitting on top of an ocean of oil. But instead of oil, it holds information. Facebook feels a
    business-driven pressure to let outsiders (ad companies) drill deep into its
    reserves to learn about our music and activities and news-reading habit, so they can shove Coldplay tickets in front of Coldplay fans
    and job listings in front of college seniors, and so forth. Open Graph is a step in that direction.

    Zuckerberg thinks public information is the new “social norm.” So he assumes we do, as well. But most Americans are pretty jealous about their private information. That’s precisely why the nation erupted in apoplectic howling when our photos and numbers were suddenly upchucked onto the World Wide Web as Facebook purged regional networks. That anger will only be magnified if we suspect that advertisers are pooling our public information in the name of “customizing user experience.”

    Facebook envisions the Internet as a fundamentally, inescapably social experience. That’s Zuckerberg’s vision. The question is, will we like it?





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  • Save/Restore: ‘holy grail of homebrew’ nears 1.0

     

    Since the next two days are dedicated to Palm’s own development news, we figured today would be a good day for some updates on what’s happening in the homebrew community. We just told you about Jason’s (happy birthday!) webOS file manager app and service, now it’s time for another project with wide appeal.

    You know the drill: you replace your Pre or you find a need to run the webOS Doctor to wipe it clean and start from scratch, then you go through the motions of reinstalling all your apps. One problem: your saved data from many/most of those apps isn’t backed up to Palm’s servers. All that very important effort you’ve put into Let’s Golf? Gone.

    Enter Save/Restore, which allows you to save data from applications to storage on your Pre, from whence you can move that data to another device, back it up to your computer, and then restore it again. Save/Restore doesn’t automatically save all the data from every app, rather support for each app needs to be built in manually. However the group has gone ahead and added support for many of the big, important apps. Webos Internals calls it the ‘Holy Grail of homebrew‘ and while we might not go quite that far, it does sound pretty sweet!

    If you’re interested in helping with the testing, you’ll need to do a little legwork to install Preware Alpha and the Save/Restore App – more info here and here, be sure to read about the bounty system for adding additional app support. Otherwise, sit tight, the good folks at Webos Internals and the crew of homebrewers doing additional testing are moving things along at a heady clip.

  • Aragon Pharmaceuticals Moves to First Clinical Trial with $22M

    Ryan McBride wrote:

    Venture capitalists are placing a big bet on a San Diego startup’s new approach to treating cancers by targeting certain hormones. Aragon Pharmaceuticals reports this morning that it plans to use $22 million raised in its Series B round of funding to advance its lead drug for prostate cancer into an initial clinical trial.

    Aragon, launched in May 2009, has raked in the funding from new investor Aisling Capital of New York City as well as OrbiMed Advisors of New York City and The Column Group in San Francisco. The Column Group and OrbiMed were the venture backers in Aragon’s $8 million Series A round last spring. The startup has now raised $30 million in venture funding.

    The fresh cash is expected to fund a Phase I clinical trial of ARN-509 that is due to begin in the middle of this year. The company wants to develop the drug for prostate cancers that can’t be wiped out by removing a patient’s testicles. The drug is intended to target certain proteins that typically bind with testosterone, which can cause prostate tumors to grow out of control. Aragon also is researching other drugs for a similar approach to treating breast cancer.

    “The Column Group values and invests in ‘big ideas’ like Aragon’s approach to developing treatments that circumvent the challenges of drug resistance in hormone-sensitive cancers,” said Peter Svennilson, a managing partner of The Column Group and chairman of Aragon, in a statement. “We are excited with the company’s progress to date and very supportive as Aragon moves ARN-509 into the clinic and continues to build its drug discovery pipeline.”

    Aragon’s scientific founders are Charles Sawyers, a researcher at Memorial Sloan Kettering Cancer Center and the Howard Hughes Medical Institute, and Michael Jung, a UCLA professor of chemistry and biochemistry.













  • Android Central Podcast is live today at 2:15 p.m. EDT / 11:15 a.m. PDT

    Android Central Podcast live

    We’ve recovered from the inaugural Android Central Writers’ Roundtable, and it’s time again for the regular weekly podcast. And you can listen in live and take part in the chat. Join Mickey and Phil at 2:15 p.m. EDT / 11:15 a.m. PDT for the latest in Android news, reviews, apps and your e-mails and voicemails. Not at a computer? Pick up the free UStream Viewer from the Android Market [link] and search for Android Central. We’ll see you there!

    Android Central Podcast Live

  • The Complete Guide To The Banks And Countries That Will Get Slammed When Greece Collapses

    Morgan Stanley GreeceGreece has just been downgraded by Moody’s, and the country’s bond spreads are going completely nuts.

    Some kind of default or restructuring seems completely inevitable now, despite promises of support.

    Thus it’s more important than ever to revisit the various counterparties who will get slammed in a collapse.

    French banks represent over 25% of claims

    French banks represent over 25% of claims

    Source: Citigroup

    Banks: Swiss banks represent over 20% of claims

    Banks: Swiss banks represent over 20% of claims

    Source: Citigroup

    German banks represent close to 15% of claims

    German banks represent close to 15% of claims

    Source: Citigroup

    U.S. banks represent just above 5% of claims

    U.S. banks represent just above 5% of claims

    Source: Citigroup

    U.K. banks represent about 3% of claims

    U.K. banks represent about 3% of claims

    Source: Citigroup

    Basically, this is European problem.

    Basically, this is  European problem.

    Citi: 80% of Greek debt claims are on European banks. This is a European problem.

    Overall, the risk trade will be clobbered.

    Overall, the risk trade will be clobbered.

    JP Morgan: There will be a flight to US treasuries and yields will fall there as a result of renewed risk aversion. This will widen spreads on high grade corporate bonds as a result.

    Other countries dependent on the IMF will be hurt.

    Other countries dependent on the IMF will be hurt.

    Wells Fargo: If IMF has to act on Greece and its neighbors, particularly Spain, its could be hindered in acting in other crisis around the world as it will use up too much of its capital.

    Insurance: Several insurance companies have the potential for contagion risk

    Insurance: Several insurance companies have the potential for contagion risk

    Morgan Stanley: There are only a few businesses heavily exposed to one of Greece, Spain, or Portugal, but they include MapFre and Fortis.

    Insurance: Fortis has significant exposure to Greece, Portugal, and Italy

    Insurance: Fortis has significant exposure to Greece, Portugal, and Italy

    Morgan Stanley: 39% of Fortis’ tangible book value is exposed in Greece, 25% in Portugal, and 69% in Italy.

    Insurance: MapFre has notable exposure to Spain

    Insurance: MapFre has notable exposure to Spain

    Morgan Stanley: MapFre has 4 billion Euros of exposure to Spanish government bonds.

    Insurance: Potential contagion risks for giants

    Insurance: Potential contagion risks for giants

    Morgan Stanley: While not over exposed to Greece or any of the PIIGs, several of the insurance giants have positions in each country which could become difficult if crisis was to spread throughout the debt troubled states after a Greek default or rescue. This is, however, unlikely.

    Euro: Greece is driving down the value of the Euro

    Euro: Greece is driving down the value of the Euro

    Morgan Stanley: Short the Euro against the Dollar, as the US moves towards a more stringent economic policy and the Euro zone experiences several potential bailouts.

    Other countries will have a much harder time entering the Euro.

    Other countries will have a much harder time entering the Euro.

    Morgan Stanley: The Greek crisis will make the EMU much more concerned about who they let into the Euro zone in the future. They will start to check more economic criteria, such as external imbalances and budget positions.

    ECB: No rate hike likely, with potential inflationary risks as a result

    ECB: No rate hike likely, with potential inflationary risks as a result

    Morgan Stanley: With the German economy stalled and threats like Greece existing on the periphery an ECB rate hike is now increasingly unlikely, perhaps for the whole of 2010.

    Bulgaria and Romania will get slammed by a pullback in Greek lending.

    Bulgaria and Romania will get slammed by a pullback in Greek lending.

    Morgan Stanley: Bulgaria and Romania rely on Greek banks for a large amount of lending, much of which will be cut back in a Greek collapse due to a reliance on government loans. Reliance will shift towards local deposits as a source of lending, and those economies are weak already.

    Macedonia, and Albania will be hit too

    Macedonia, and Albania will be hit too

    Morgan Stanley: When the Greek economy slides, foreign workers from Albania and Bulgaria may lose jobs and stop sending home remittances. Also, FDI to Macedonia (7% of its GDP) and Bulgaria (8% of GDP) will decrease.

    Extreme Tail Risk: Complete Greek Bank retrenchment crushes Central Eastern Europe

    Extreme Tail Risk: Complete Greek Bank retrenchment crushes Central Eastern Europe

    Morgan Stanley: Extreme tail risk scenario points to complete retrenchment by Greek banks from all Central Eastern European markets which results in their loan books not being rolled over to their local subsidiaries.

    Could spark a credit crisis in countries like Romania and Bulgaria, where 25% and 45% of the respective country’s loans come from.

    Check out RBS’ 9 scenarios for a Greek bailout

    Check out RBS' 9 scenarios for a Greek bailout

    Check out RBS’ 9 scenarios for a Greek bailout >

    Join the conversation about this story »

  • Video: Android running on an iPhone

    Though we’ve seen videos in the past about Android running on an iPhone, this is the first real one.  It’s not flawless by any means (certain features don’t work), though most touch gestures and Wi-Fi seems to be working flawlessly.  The user (planetbeing) is dual-booting the two OSes, which has to be nice (hey, you’re bored with your phone – switch OSes for the day).  Speaking hypothetically, if someone was ever able to get it working perfectly, would you consider using Android on your iPhone?

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