Category: News

  • WebOS Getting Doom, Quake, OpenGL, and Native SDK [Palm]

    With some elbow grease, we’ve been able to play Doom on our WebOS devices for a while, but now we can do so without any messy terminal commands. Oh, and there’s a playable version of Quake, too.

    The folks of the webOS Internals global team have been throwing new things at us each day lately. At first Quake was only an unplayable demo, but now it plays just as well as the previously released version of Doom. These won’t be the last games we’ll see on the Pre though, because the same team has discovered demoed an OpenGL application and a “method for installing and running native Linux applications without the need for add-on services like webOSInternals’ own Upstart Manager Service.”

    All of this is great news for homebrewers, Pre owners, and smartphone gamers, but tell me, what are you most eager to see next? [PreCentral Thanks, “Yinzers Are People Too!”]







  • Blood sugar and Holy Communion

    Hope this is in the right forum, but for those that receive Holy Communion at Church, do you know if it has had any effect on your blood sugar? I receive communion every week and have just wondered if it would have any effect at all. Probably minimal but just curious. I would also like to go and receive it every day but I’m wondering if that would have too much of an effect. Any thoughts?
  • Pedro de la Rosa podría estar apunto de firmar con Sauber

    Como todos sabemos, el español Pedro de la Rosa continua buscando su última oportunidad de convertirse en piloto titular de una escudería de Fórmula 1 y esta vez todo puede depender de la nueva Sauber. Tras la fallida negociación con Campos Meta, el nuevo objetivo del piloto es esta nueva escudería.

    Pedro Martínez de la Rosa

    Por otra parte, el propio Peter Sauber confirmó la pasada semana que aun pasará como mínimo una semana más hasta que podamos conocer al segundo piloto para la próxima temporada 2010.

    Además, a Pedro de la Rosa también se le relaciona con USF1 aunque a mi parecer es menos probable su fichaje por la escudería norteamericana. Lo que si es muy posible, es que su última oportunidad de ser piloto titular será la próxima temporada debido a la edad del piloto.

    Related posts:

    1. Pedro De La Rosa se encuentra negociando con Force India
    2. Pedro de la Rosa, McLaren y Ferrari serán las escuderías más fuertes
    3. Pedro de La Rosa y Bruno Senna ya podrían haber confirmado su fichaje por Campos Meta
  • App Review: Trip Journal

    The following software review was conducted by “Royalness”, an avid  follower and occasional AndroidGuys guest writer.  Here’ he takes a look at an application called Trip Journal, which was the winner in the Travel category for the Android Developer Challenge II.  Trip Journal is the ultimate trip tracking, recording, documenting and sharing solution that is currently available for iPhone and Android powered smart phones.

    When I come back from a vacation, I always find that I have taken a couple of hundred pictures, which I simply dump on my computer, to never look at again.

    Trip Journal tries to make documenting your vacation experiences more interesting and more social.

    With Trip Journal you can:

    • Create/name trips/vacations
    • Track your GPS route
    • Add waypoints/place marks
    • Add pictures
    • Add notes
    • View trip progress on google maps
    • Get statistics on distance traveled, speed, altitude
    • Share/export/save your trips in KMZ files (google earth format) or to Picasa or Facebook

    Mobile phones already have distinct advantages over most regular camera’s with regard to trip-documenting in that you always carry them with you.

    They have also become more like mini-computers with which you can edit text, add GPS co-ordinates and connect to the web.

    Combine this with the fact that camera’s on Android smart phones keep getting better and better (Droid and Experia for example) and you can clearly see that the future for documenting and sharing trips lies with apps like Trip Journal.

    Besides the concept, I also found that the implementation was done very professionally (as you would expect from a competitive iPhone developer like iQapps). The UI resembles a leathery travel diary where one would glue pictures in and add notes and descriptions to. The app is also very reliable in that it never crashes, which is, in my opinion, exactly what one would expect from such a travel companion.

    Trip Journal has used current day technology to fulfill a classical demand for documenting and sharing experiences and has done this in a way that can only be described as “AWESOME”.

    I recommend everyone to at least try the lite version or buy the full version. The full version is 2,99 euros.  Check out their site for Trip Journal

    http://iqapps.eu/TripJournal/index.php


  • Do You Really Need a Microwave or a Washer-Dryer Running Android? [Kitchen]

    Phones, GPS, computers… Do we really want to give Android the power to control our washer-dryers and ovens and printers too? Would someone hack them to microwave your underpants, wash your soup, and dry your pizza?

    It probably doesn’t matter. I do it all the time. But better get used to it, because this is what we are getting soon:

    This is the NIM1000, an capacitive touch-sensitive Android-based module that is designed to control all kinds of appliances. It has the necessary connections to plug into anything, from kitchen appliances, to printers, and enterprise desktop phones. You can’t buy it, however: It’s designed for manufacturers of these products.

    Made by Touch Revolution, the NIM1000 module will be demonstrated at CES in these appliances and gadgets, showing what features they can get. The washer dryer has slide touch-screen controls, stain guides, and a way to interpret the extraterrestrial symbols that come printed in clothe’s labels. The microwave, according to Touch Revolution, “doubles a kitchen control center,” with widgets to play Pandora, show a photo of your dog, read the news, a web browser, and timers for both the oven and the burners.

    Do you need your microwave to be a kitchen command center while I play music and watch pictures of my dog in it all day, while posting for Gizmodo through the web browser? I don’t know about you, but I’ll be there like shareware.

    Wouldn’t you? Yes, this reminds me a bit of the old dot.com era, when everyone and their dogs put Java or Windows CE in every single thing out there. And we all know how that ended.







  • Manufacturing Posts a Huge Month, But Why?

    US manufacturing had its best month in three years and grew for the fifth consecutive month in December. Reuters juxtaposes the good news with the bad:

    But a separate report showed a decline in homebuilding activity in November pushed construction spending beyond a six-year low.

    Make no mistake: Growing US manufacturing is good for America. But US manufacturing isn’t growing because the economy is strong. It’s growing because the dollar is weak.

    Our manufacturing sector is being tugged up from the mire of the
    recession by low interest rates, a cheap dollar and an early recovery
    out of east Asia. All that makes our products cheap and Asian buyers
    rapacious. Good for us! A recovery led by manufacturing is better than
    a recession. But the Reuters piece highlights the schizophrenia of this
    recovery in which America is growing while tens of millions of
    Americans are out of work and consumers in general are still loathe to
    spend and are moving less than at any time since World War II.




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  • What Occupies the Arndale Tower ??

    Well ?? What Occupies the 25 Storey high-rise ??
    Offices ?? Storage-Space for the shops in the Arndale Centre ?? I’ve always wondered …

  • EA Sports pulling the plug on old game servers

    Still playing old EA Sports titles? The publisher is sending you a message: time to move on and play a new game (hopefully theirs). At least if you’re playing online, that is. Starting February 2nd, 2010, online

  • BUSINESSWEEK: Buffett Posts Worst Stock Performance Against S&P 500 in Decade

    January 04, 2010, 12:16 AM EST

    By Andrew Frye

    Jan. 4 (Bloomberg) — Warren Buffett recorded his worst performance against the stock market in a decade last year after committing $26 billion to a railroad takeover and lowering his expectations for investment returns.

    Berkshire Hathaway Inc., the company Buffett has led as chairman for more than four decades, advanced 2.7 percent on the New York Stock Exchange in 2009, less than the 23 percent return in the Standard & Poor’s 500 Index. It was Berkshire’s worst showing since falling 20 percent in 1999, compared with a 20 percent gain in the index. Berkshire beat the index in 15 of the last 22 years.

    Buffett, whose acquisitions and stock picks propelled Omaha, Nebraska-based Berkshire’s 30-fold increase in 20 years, is finding it harder to duplicate those returns as his company expands. The purchase of Burlington Northern Santa Fe Corp., announced in November, wasn’t “cheap,” Buffett said. The deal adds another business, along with luxury flights and manufactured housing, that suffers when the economy falters.

    “This isn’t your father’s Berkshire,” said Jeff Matthews, the author of “Pilgrimage to Warren Buffett’s Omaha” and founder of the hedge fund Ram Partners LP. “It’s a protector of wealth and hopefully steady growth, but very dependent on the economy in ways that it hasn’t been in the past.”

    Buffett, 79, won global renown as the “Oracle of Omaha” for stock picks, including Capital Cities/ABC Inc. in the 1980s and PetroChina Inc. in 2003, that produced multibillion-dollar gains. Berkshire doesn’t pay dividends or buy back stock, and Buffett’s main occupation as the company’s chief executive officer is deciding where to invest earnings from a portfolio of operating companies and securities.

    Railroad Investment

    The Burlington Northern deal, which Buffett calls an “all- in wager” on the U.S. economy, brings Berkshire 37,000 workers and a share of a regulated industry. Berkshire expects to own the railroad for the next century and get “a decent return,” Buffett said in a November interview with Charlie Rose on PBS.

    “Reasonable return is good enough,” Buffett said in the interview. “You know, 50 years ago I was looking for spectacular returns, but I can’t get ‘em.”

    Berkshire’s performance against the S&P 500 has slipped even according to Buffett’s favorite metric, book value per share. The measure of assets minus liabilities, which Buffett says most closely indicates a firm’s value, trailed the index three times in the 10 years through 2008 after lagging just three times in the previous 34. In the first nine months of 2009, Berkshire’s book value-per share gain trailed the S&P 500 again, 15 percent to 17 percent.

    Outlook for Profit

    Berkshire’s annual profits may return to growth this year, according to an estimate by Meyer Shields, an analyst at Stifel Nicolaus & Co. Profit, which fell by more than half in 2008, may rise 51 percent to $7.55 billion, according to Shields. Berkshire reported record profit of $13.2 billion in 2007.

    Buffett, the second-richest American, positioned Berkshire to weather the contraction in the U.S. economy by stockpiling $44 billion in cash. Starting in 2008, when corporate borrowing costs surged, he drew on that hoard to finance Goldman Sachs Group Inc., General Electric Co., Swiss Reinsurance Co. and the Mars Inc. takeover of chewing-gum maker Wm. Wrigley Jr. Co.

    Those transactions are paying coupons that helped boost investment income in the first nine months of the year. Still, losses at Berkshire’s NetJets subsidiary and earnings declines at Clayton Homes contributed to a pretax profit plunge of more than half to $1.57 billion at Berkshire’s manufacturing, service and retailing businesses.

    “Many of Berkshire’s businesses were perhaps hit worse” than companies in the S&P 500, said Guy Spier, a principal at hedge fund Aquamarine Funds LLC, which owns Berkshire shares. “They have a huge exposure to the housing market; NetJets has been impacted.”

    –Editors: Dan Reichl, Dan Kraut

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  • Wishing you a “Not Evil” New Year!

    Article Tags: Ann McElhinney , Not Evil Just Wrong, Phelim McAleer, Via Email

    Dear Friends,

    2010 has arrived and our New Year’s resolution is to remain committed to bringing forward the truth about Global Warming hysteria. 

    During the new year this message must take root and we can accomplish this by having Not Evil Just Wrong shown in every school in America.  Last week, a Rhinebeck High School sophomore named Michelle Drewkett stood up to her school board about the biased teaching of climate change.  It is a story we hope to see repeated many, many times in 2010. 

    We are in an ideal position to make this coming year a success thanks to your support in 2009.  Over 400,000 of you participated in our premiere on October 18th and have continued to support our message discrediting environmental alarmism.

    Click PDF to see FULL email

    Read in full with comments »

    File attachment: Wishing you a Not Evil New Year.pdf
      


  • Sprechen sie Deutsch?

    When in Vienna a couple of months ago, I was interviewed for their newspaper Die Presse; that interview was finally published (although sadly/fortunately absent any of the pictures they took of me).

    Futurologe: Die Zukunft passt wie angegossen

    I suspect that the Austrian dialect of German is rather idiomatic, as the Google Translate version of the piece is especially nonsensical (in ways that you can’t blame me for!). Anyone out there want to give a rough translation a shot?

    (Update: We now have one translation from Torsten Meier in the comments, and other from Carmen Tschofen in the extended entry. Between the two of them, you should have a pretty good sense of the interview. Thanks, folks!)

    Futurologist: The Future is a tailored fit

    The US- futurologist Jamais Cascio detects trends like others as a good business. He spoke with the Press on Sunday about the joy of hacking and designing at the push of a button.

    You are someone who believes that the world can be changed positively, without rejecting considerations of the darker side. Do you think people can learn from history?

    I fight against the idea that we’re all lost and that we’ll be paralyzed by shock and say ,“Oh, God, there’s nothing anyone can do.” Because: In most cases, one can do something. It is really easy to get caught up in the idea that people are simply dumb and aren’t able to learn. But look at history and how society has changed. Particularly in the West, in the USA, Europe, or countries like Japan: Life has become so much more free, so much richer—not only from a material perspective, but also from a social perspective. We have more options that ever before in history, we have access to more information than ever before. This small device in my pocket has more power than all the computers there were used to send a man to the moon combined. It may not always look like it, and we don’t always learn the right lesson, but we learn above all from our constant mistakes.

    Failure was [perhaps] forbidden before?

    In depends on the region: Where I come from, in Silicon Valley, San Francisco, where most of the computer executives work, you aren’t viewed as a good company leader as long as you haven’t completely fallen on your face once. Ok, you tried it, you made a great big mistake, everything’s falling apart, and you learn a lot from it, and you don’t make the same mistake again, but instead will create something better. And this approach has been around for a while, particularly in regions with a high degree of innovation and where there’s lots of room from experimentation.

    In the USA, creativity is required even in failure. Will the negotiation with “ideas” and “creativity” determine the economy of the future in the post-industrial society?

    Yes, and for a whole lot of reasons: one reason is the rapid development of technology and how this technology changes our economy. Creative ideas are the catalyst for this transition [change], in that our whole system is based on innovation. In addition, in the meantime there are already many production mechanisms and processes that increasingly allow the small business, individual businessperson, or small collective to produce their own products that once required large industrial production.

    Can you give a specific example?

    For example, there are now 3-D printers. You might not have them here now, but these things have been on the market for almost ten years. At first they were primitive machines that only produced strange forms, only good enough to create models. Today, due to new plastics [polymers] that these printers use as ink, it’s possible to create products that are really usable. And they keep getting cheaper. It’s possible that within the next ten years families will have a printer like this at home and will be in the position to create their own special items at the push of a button. And where does one get the design for such things? There will be a lot of new occupations and educational opportunities coming out of this “idea.” One can put the designs online or sell them on iTunes or similar platforms.

    Isn’t it true that through technology we’re losing [forgetting] our natural abilities: for example, memorizing [remembering] telephone numbers, finding our way through a city by car, or writing by hand?

    I think it was Socrates that complained bitterly that his students learned to read, thus losing that ability for oral recitation of stories. And in a way he was right: the students didn’t learn one thing, but what they got instead was huge. And the same is happening with modern transitions [changes]: We give up something, but in exchange the technology gives us the opportunity to do more, to experience more, to learn more and to connect us better than ever before in history.

    Would you say that technology inspires our creativity? Anyone can film and edit a movie, everyone can create animations or produce music.

    There have always been very many people out there who had talent and ideas, but simply didn’t have the money and the chance to express these ideas. In that this ability to express [yourself] creatively, at this level [amount], with these options, becomes democratized, the pile of complete shit that’s being produced grew. Every day millions of videos are uploaded to YouTube, and 99 percent are crap. But that also means that we have a growing number of products that are quite good. And again here a completely new industry is created, focusing on information filtering and methods that help users to find what they’re really looking for. That can be new software, but it can also be people, who can sort and rate the Net [information] on what’s good and what can be ignored.

    This trend can be linked to personalization: Do we feel so lost in the mass society that we want to make [put] our mark on every item [product]?

    Three hundred years ago nearly everything was “personalized” because almost everything was made by hand—it even had a personal signature. Through most of the history of civilization products were totally personalized, meaning this type of production was slow and difficult. And then came the industrial revolution, and suddenly one could mass produce things. That was in some sense a wrong path in history, made possible by technology but one that wasn’t very humane. However, the profits were so large that it was impossible to give up this new type of production—and yet today technological development is going exactly in the direction of individualized work. And now it’s possible to offer the masses both individualized production processes as well as personalized products. It is a so-called democratization of personalization. In addition there is a whole new generation of people who have the desire and the ability, not just to passively consume things, but rather to work actively with products – to tinker, to hack the products and manipulate them. In the USA this is called the Maker Movement, with the motto: If I can’t take it apart, I don’t want it. For example, they don’t particularly like the iPhone, because it [isn’t open]. They want access to the source code or to be able to add new hardware features.

    So the new generation doesn’t only want to be presented with finished products?

    That is a very important and significant idea that will change a lot in the economy, because it means nothing less that a new conceptualization of the relationship between producer and consumer. It’s about a fundamentally different positioning: One doesn’t just want to be the consumer anymore, but rather an active co-producer. And when coupled with the opportunities, with the current changes in the economy, we will – I’d say in about 20 to 25 years—live in a world, in which pretty much every object we will use, from various products to computers, cars, advertisements, will be “personalized.” That doesn’t necessarily mean that your name will be on it, but it could be a chair that is able to fit itself exactly to your rear end.

    If everything is being made at home, who pays for what and why?

    This transition will be fundamental for the economy; industrial capitalism as we know it won’t exist much longer. And just because profit and efficiency were the only factors up until now on which everything was based, it doesn’t mean that it will stay that way. One possible accomplishment of this new creative world of the future could be, that uncontrolled growth will no longer be the requirement [assumption] for the system. When we can produce things at home, the pressure to earn money also drops.

    Next week: Mass customization: how personalized design works

  • EXPRESS & STAR.COM: Kraft is set to up its £l0bn bid for Cadbury

    This article posted on January 4, 2010 at 11:30 am

    US food giant Kraft is set to up its £10billion hostile takeover bid for Birmingham-based Cadbury in the next two weeks, it emerged today.

    The sweetened offer will be the last effort to entice the Dairy Milk-maker’s shareholders into backing a takeover, according to reports. Kraft’s current offer lapses tomorrow.

    But it will almost certainly be rejected because it is more than 60p below Cadbury’s current share price, which values the Bournville business in Birmingham at £10.9 billion.

    Cadbury chairman Roger Carr last month accused Kraft of trying to buy the Creme Egg maker “on the cheap”, and warned shareholders not to let the US firm “steal your company with its derisory offer”.

    The US firm – behind the Toblerone bars and Terry’s chocolate orange brands – will have to raise its offer by January 19 unless a rival bidder enters the fray.

    Fellow US confectioner Hershey and Italian chocolate company Ferrero are both considering their options over Cadbury, although they have yet to make a formal approach.

    Cadbury, which employs around 2,500 in the West Midlands, has emphasised its credentials as a stand-alone business by lifting long-term performance targets and producing better-than-expected profit margins for the current year.

    Kraft – labelled a “low-growth conglomerate” by Cadbury – has meanwhile been warned not to overpay for the company by its biggest investor, billionaire Warren Buffet.

    Kraft is likely to wait until Cadbury’s trading update due on January 15 before making a final decision on whether to raise its offer. It could also increase the cash portion of its bid to make a deal more attractive to Cadbury shareholders.

    Although nearly half of Cadbury’s shareholders are based in the US.

    Cadbury will release its final defence arguments on January 12.

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  • More Smartphone Users Now Use Their Phones to Shop Online

    compete_logo_aug09.pngSmartphone users are becoming increasingly comfortable with using their phones to shop online. According to new data from Compete, about 37% of smartphone users have purchased something with their handset in the last six months. Among the most popular items that these users bought were music, books, DVDs, video games and movie tickets. At the same time, though, Compete also found that smartphone users are very likely to abandon shopping sites that haven’t been optimized for mobile usage. Almost 8% of smartphone owners who tried to buy something from their phone were simply unable to do so.

    Sponsor

    Most Popular Shopping-Related Activities: Price Comparison and Finding Reviews

    Researching products is still the most popular shopping-related activity on the smartphones. According to Compete’s survey, 41% of iPhone users and 43% of Android owners check sale prices while they are shopping. Surely, the popularity of mobile apps like ShopSavvy and RedLaser – which make checking prices as easy as scanning a barcode – will only drive these numbers up in the coming months.

    The second most popular shopping-related activity for smartphone owners is finding consumer reviews. 39% of iPhone users and 31% of Android users use their devices for this.

    compete_shopping_data.png

    Big-Ticket Items

    Only 9% of iPhone users and 11% of Android users said that they would buy big-ticket items over $500 from their phone. In general, the majority of smartphone owners are most likely to buy lower-priced items under $10.

    compete_mobile_shopping_big_ticket_items.jpg

    Discuss


  • Bono: We Should Use China’s Censorship As An Example Of How To Stop Piracy

    It’s no secret that Paul McGuinness, U2’s longtime manager, has been making bizarre and easily refuted claims that everyone but the music industry is at fault for not making U2 even richer than it is. And that’s because they’re all conspiring to bring piracy to the world, which is destroying music revenue while pumping up the revenue of lots of other companies. Of course, none of that is true. Music-based revenues continue to climb quite nicely, and the revenue that ISPs and Google and others are making from “piracy” is barely worth mentioning. Does anyone really think that broadband would have noticeably fewer customers without music piracy going around?

    Still, there had been some question about what U2’s outspoken frontman, Bono, felt about these issues. Back in 2008, he did say that he mostly agreed with McGuinness that somehow ISPs were to blame for all of this. Then, in early 2009, there was an amusing interview where he basically said that piracy is bad, but he couldn’t really speak out against it because he was too rich, and people would point that out.

    Apparently he forgot that part.

    As pretty much all of you are sending in, Bono has posted his regular NY Times column, about 10 big things that are important for the next 10 years and apparently, protecting his royalties… I mean… stomping out piracy makes it to number two on the list. It’s the same McGuinness blather, of course. Apparently, piracy is really all the ISPs’ fault:


    A decade’s worth of music file-sharing and swiping has made clear that the people it hurts are the creators — in this case, the young, fledgling songwriters who can’t live off ticket and T-shirt sales like the least sympathetic among us — and the people this reverse Robin Hooding benefits are rich service providers, whose swollen profits perfectly mirror the lost receipts of the music business.

    Hmm. So, apparently all the money that people used to spend on music, they now spend on internet connections? If only there were some evidence to back that up. But, as we noted, the music business has been growing, just not the sales of CDs. Considering how much U2 made on its last tour, you would think that Bono would be aware of this. As for his claim that the internet is harming the up-and-coming songwriters, again, all this shows is how incredibly out of touch Bono is. In the past, the “young, fledgling songwriter” couldn’t live off ticket or t-shirt sales either. He had to hope that he got the lucky golden ticket from a record label and that they didn’t then crush his spirit and originality before discarding him as an unrecouped has-been.



    Today, however, the opportunities for the young, fledgling songwriter to build a following, build a business model and make a living have grown tremendously. Ask Jonathan Coulton. Or Corey Smith. Or Matthew Ebel. Or Moto Boy. Or any one of thousands of other songwriters who didn’t go the major label route, but have figured out ways to make a living (or better) that simply would not have been possible just a few years ago.

    So what’s Bono’s solution to this non-problem? Apparently it’s for ISPs to spy on what everyone does and to fork over money they get to the musicians (well, he says musicians, but what he really means is the major record labels):


    But we know from America’s noble effort to stop child pornography, not to mention China’s ignoble effort to suppress online dissent, that it’s perfectly possible to track content.

    Now, Bono is technically (beyond his role with U2) a venture partner at the venture capital firm Elevation Partners, and you would think that would require some basic level of technological knowhow. But, you get the feeling Elevation brought him on for his star power, rather than his keen technology insights, or he might realize that neither America’s efforts to stop child pornography, nor China’s efforts to suppress online dissent have worked very well. Neither has shown that it’s “perfectly possible to track content.” In fact, they’ve shown the reverse. They’ve shown that the more you try to track people, the further underground they go.

    And is Bono really (really?) suggesting that we force ISPs to use the same tactics used to try to silence dissent in China to protect his royalties? Yikes.


    Perhaps movie moguls will succeed where musicians and their moguls have failed so far, and rally America to defend the most creative economy in the world, where music, film, TV and video games help to account for nearly 4 percent of gross domestic product.

    The problem here is that, again, Bono seems to equate file sharing with a loss of money or decrease in output from the wider creative industries. He’s flat out wrong. The overall industries continue to grow. It’s just a small group of the more powerful middlemen, who have refused to adapt and change with the times, who are stuck in the past. And it’s because of their own unwillingness to adapt, that they may be losing some money. But the creative output, and the economic impact of those overall industries continue to grow, no matter how confused some rockstar on a crusade might be about them.



    So if we’re looking for big trends over the next ten years, how about we learn to stop listening to out of touch rockstars who insist they know stuff they are clearly uninformed about (or, rather, informed by a few biased and factually-challenged parties)?

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  • Saab Granted Stay Of Execution As Spyker Prepares 11th Hour Bid

    GM-SAAB

    After Koenigsegg’s bid for Saab fell through and General Motors announced their ailing Swedish subsidiary would begin winding down operations in January, Dutch supercar maker Spyker once again prepared a bid for the brand. Rejected twice during preliminary negotiations for failing to agree to perform thrice weekly fellatio, or something equally as absurd, Spyker now appears to be topping the General’s list of preferred bidders. By Friday, a formal offer is expected to be filed that, in keeping with their apparent custom, GM will proceed to blow.

    Check back later for official updates, or don’t. You could probably write the story yourself at this point.

    Bonus round: how many phallic references were made in this article? Could there have been more? Discuss.

    Source: Reuters


  • Facebook Takes Another Step Against Virtual Suicide

    Social media continues to grow and more people are finding themselves spending an increasing amount of time on places like Twitter or Facebook. So much time in fact that some are worrying if this isn’t affecting other aspects of their lives. Thankfully, if you’re one of those wanting to leave it all behind for good, a number of sites have popped up which offer ‘virtual suicide’, a means of deleting your online identities. Unfortunately, Facebook doesn’t like these kind of sites too much and has been fighting to block them starting with Sepukoo and now moving on to “Web 2.0 Suicide Machine,” a website offering a similar way of deleting your accounts and data from Facebook and other sites.

    “After more than 50.000 friends being unfriended and more than 500 forever ‘signed-out’ users, Facebook started to block our suicidemachine from their servers without any comment! We are currently looking in ways to circumvent this ungrounded restriction imposed on our service!,” the site now informs its visitors in a popup overlay.

    It’s obvious why Facebook doesn’t like the site very much but, like with Sepukoo before, it does have a legitimate claim in blocking it as it clearly violates at least a couple of Facebook’s policies. The social network’s terms of service specifically prohibit users from handing out t… (read more)

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  • Morgan Stanley: The Fed Will Crush Dollar Haters in 2010

    Let's face it, bashing the Fed printing press and the U.S. dollar has become pretty tired these days. Which implies that much of the dollar's known problems have been more than priced-into currency markets by now.

    Thus it's time for a dollar-bashers beat down, according to Morgan Stanley (MS). The Fed will lend a helping hand.

    Stephen Hull at Morgan Stanley: We can capture what happened in the 2009 currency market through the ‘Punish the Printer’ theme. The most aggressive printers (the UK and US) had the weakest currencies while those that did not print (AUD, NZD, NOK, BRL, etc. – see Exhibits 5 and 6) had stronger currencies. The euro also outperformed the US dollar, with the ECB having a more sensible ‘passive’ balance sheet expansion, allowing the market to determine the need for liquidity rather than the central bank purchasing assets. The market certainly punished the most aggressive printers in the currency space. However, this theme has left many of the non-printers extremely over-valued, as Exhibit 7 overleaf shows.

    ...

    In 2010, we expect a partial reversal of this theme, although a complete unwind seems unlikely to us until the major central banks have successfully exited their super-easy policies. It is extremely unclear how this will occur. The economic recovery must continue for the central banks to exit their QE policies, but there is some risk that it doesn’t occur at all. However, we expect the Federal Reserve to begin draining liquidity from the system as early as March, with the federal funds rate likely to be increased in 3Q10. Presumably by then the Fed will have completed its exit strategy.

    usd

    Here's a nice table of their relative currency rankings, below. The U.S. looks pretty dismal on many counts, but has growth and value on it side according to MS. Overall, the biggest loser for 2010 FX could be the yen.

    As things stand, we are forecasting a trade-weighted rise in the US dollar of 8.0% against the major currencies while it remains roughly unchanged on a broad trade-weighted basis in 2010 as we expect many EM currencies to outperform. We expect the yen to weaken by 20% against a broad basket of its main trading partners and for the euro to decline 5.0%, again on a broad basis (see Exhibit 4).

    usd

    (Via Morgan Stanley, Global Currency Outlook 2010, Stephen Hull, 4 January 2010)

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