Category: News

Filed under: Plants/Manufacturing, Ford, Mazda

While Ford sold most of its controlling stake in Mazda last November, the two automakers will remain close partners as the companies work together to develop new automotive systems and technologies — refuting previous reports that the two companies may be drifting apart. The announcement comes from top executives at both Ford and Mazda, which have been meeting recently to discuss further collaborations within the industry.

A strong relationship benefits both automakers. Ford needs Mazda for its insight into manufacturing, product development and its window into the Japanese auto industry. Mazda still relies on Ford for its powertrains (which Ford will continue to provide). The recently launched Ford Fiesta and Mazda2, built on a shared platform, are another example of how the two automakers can work together. The cars were originally engineered for other markets and not intended for sale in the States. When Ford’s product strategy changed while they were under development, the two companies met and solved the critical design elements together, making each viable for the domestic market. Problems solved, the Fiesta and Mazda2 debuted at the LA Auto Show earlier this month and are going on sale next year.

[Source: The Detroit News]

REPORT: Ford and Mazda clarify future relationship, still strong originally appeared on Autoblog on Thu, 17 Dec 2009 08:28:00 EST. Please see our terms for use of feeds.

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Ben Bernanke has been named Time’s “Person of the Year,” for his aggressive actions to stem the global financial crisis.

“His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future,” Time’s Michael Grunwald writes. “The decisions he has made, and those he has yet to make, will shape the path of our prosperity, the direction of our politics and our relationship to the world. “

Bernanke was clearly at center of the government’s response to the financial crisis and remains “the most important player guiding the world’s most important economy,” as Grunwald writes. By his own admission, the chairman didn’t see the credit crisis of 2008 coming and was too slow to react. Still, all but his most strident critics agree Bernanke helped prevent an even worse outcome, possibly a second Great Depression.

But does Bernanke deserve to be “Person of the Year”?

“Absolutely not,” says Christopher Whalen, managing director of Institutional Risk Analytics. “On a personal level I have great sympathy for Chairman Bernanke but he’s made such a pig’s breakfast of this whole situation.”

Unlike those who praise Bernanke for bringing the economy back from the brink of the abyss, Whalen says all he’s done is “saved the dealer community” from themselves by overseeing a massive taxpayer-funded bailout of the financial community.

Bernanke “hasn’t done anything for the real economy,” the analyst says. “The only thing I see is inflation. For the average American the message they should take away from this year is this: Bernanke’s policy has insured we’ll see the purchasing power of Americans’ savings dwindle.”

A former staffer at the New York Fed, Whalen also says Bernanke “failed miserably” in maintaining the Fed’s independence from both the banks and from politics.

Rather than merely lending money to the Treasury, Bernanke put the Fed directly in the middle of the 2008 bailouts – most notably of AIG, Whalen recalls.

“By taking the lead [Bernanke] undermined the Fed’s independence,” he says. “He really intervened not so much in the financial markets but in American politics. He gave Bush and Paulson a pass — they didn’t have to take responsibility for the crisis and they hand[ed] the ball to Barack Obama.”

It is for these reasons, Whalen says, that Bernanke’s reconfirmation by Congress is not assured, and politicians on both sides of the isle are looking to reign in the Fed’s power. It’s ironic Bernanke is being lauded in the mainstream press at a time when he — and the institution he leads — are under so much pressure in Washington.

Join the conversation about this story »

See Also:

• Citigroup Does The Impossible: It Screws US Taxpayers AGAIN
• Citigroup: Watch The Insiders
• Citigroup Gets Huge New $38 Billion Bailout, Wiping Out All Of The Taxpayer’s "Profits"

It’s shaping up to be an ugly day for financials.

In addition to Citi’s woes, we have Meredith Whitney whacking estimates on Goldman Sachs (GS) and Morgan Stanley (MS).

Bloomberg: The analyst, who runs Meredith Whitney Advisory Group, now projects Goldman Sachs will earn $19.57 a share in 2009, $19.65 in 2010 and $20.60 in 2011. Those were reduced from $19.95, $21.73 and $24.04, respectively.

Morgan Stanley’s projection for 2010 was cut to $2.60 a share from $2.63, while the 2011 forecast was reduced to $2.75 from $3.28.

Read more at Bloomberg >>

Join the conversation about this story »

See Also:

• CITI OFF 8%
• Citigroup: Watch The Insiders
• Watch Meredith Whitney Explain How She’s Bearish But That She’s Been "Trading Bullish"

Oof. Shares of Citigroup (C) are off 8% after the company’s weak secondary offering last night.

Watch out today, folks.

As we noted earlier, there’s nothing more terrifying to this market than the notion that the giant cash pool out there might not be unlimited.

Join the conversation about this story »

See Also:

• Asia, Europe, Gold, US Down As Citi’s Weak Secondary Reveals Limits To Liquidity
• Citi’s Secondary Prices Weak, Treasury Holds Back On Dumping Stake To Avoid Flooding The Market
• Citigroup Does The Impossible: It Screws US Taxpayers AGAIN

With fiberview eks Engel presents a new monitoring system for converters of the d-light series
Monitoring specified system budgets of fiber links is still a poor relation within fiber optic networks. A certain link attenuation, however, is normal and the result of the fibers’ characteristics, the number of splices and the connectors used. Also environmental influences such as temperature range and the cable laying play an important role. If a predefined limit is gone below, this is a sign of an increased attenuation and can have various reasons.

If a recommended bending radius is not kept to, this may lead to link attenuation and losses. Others reasons could be fiber breaks, incorrect installation and dirty or damaged connectors.

Better planning

Monitoring system budgets does not only minimize the risk of incorrect installation, but it also guarantees the proper operation of networks through an effective organization of service.

fiberview works similarly to a traffic light. LEDs show whether the budget for the fiber link is perfect, still tole-rable or insufficient. Without any room for interpretation, the optical signals “red”, “yellow” and “green” display the status of every optical channel. If the “traffic light” is green, everything is fine. If the yellow light is flashing, the budget is still tolerable, but already below a certain system reserve. Additionally to the LED, this pre-warning level is also signaled by a potential-free contact. If the “traffic light” turns red, however, there is a serious error such as a fiber break or the like.

Status at first sight

Thus fiberview ensures the proper installation of fiber optic networks since the LEDs directly show if the as-signed bandwidth is reached. This is also a great benefit during service, because the current status of the prede-fined system budgets is visible at first sight. The single signals green, yellow and red relate to clear statements. Room for interpretation has been avoided on purpose.

Time and cost savings through pre-warning level

A major advantage of the monitoring technology fiber-view is the pre-warning level which is signaled by the yellow LED. Thus, on-site service can be planned and carried out more efficiently before any errors occur. This results in considerable cost-savings, because the yellow signal does not have to entail a direct reaction, as it has to in case of the red one.

The fine threads of the needle valve permit excellent adjustment for precise control of flow. The flow is restricted in both directions and is adjustable from 0 to the equivalent flow of a 0.025″ diameter orifice. The 7-turn adjustment needle valves are available in two models, the standard model and the fine adjustment model. The standard adjustment model has a pin angle of 6 degrees with 10-64 threads; the fine adjustment model has a pin angle of 4 degrees with 10-80 threads.

The valve body is Phosphor Bronze and can be supplied with straight ports for 1/16″ ID tubing or with barbs for 1/16¨, 1/8¨, or 3/16¨ I.D. tubing. The pin is Beryllium Copper and can be supplied with a Buna-N, EPDM, or Viton o-ring. All pins have a nylon vibration insert. Valves for inline or panel-mounted applications are available; the panel-mounted needle valves are supplied with two self-tapping screws.

CellaTemp PQ Pyrometer now available with fibre optics

This pyrometer has the electronics housed separately from the optical sensor head. A fibre optic cable transmits infrared radiation a distance of up to 30 m. The CellaTemp PQ is available with one of two different sensor heads measuring Ø16 mm and Ø 30 mm. Due to their compact size, these sensor heads can be installed in cramped, hard-to-access locations and can withstand ambient temperatures of up to 250 °C without cooling. The fibre optic cable can be unscrewed on both sides for easy detachment. An assortment of broadband, optically corrected precision lenses is available to achieve target spots as small as Ø 1.8 mm. Because the optics are focusable, the sensor heads can be adjusted for the specific measuring distance which the application requires.

The CellaTemp PQ’s most striking feature is its new LED display. The bright 8 mm high digits offer superb readability, allowing the operator to monitor temperatures at a distance of several meters. Whether during initial setup or running operations, the display makes it easy for personnel to verify on-site that all equipment is functioning properly.

Due to the high-resolution digital signal processing and the latest amplification technology, this new pyrometer provides both wide measuring ranges as well as outstanding precision and accuracy.

For the pyrometer to accommodate the specific radiation characteristics of the target material, the emissivity value can be set directly at the connection cable or remotely by means of a control system. On-site adjustment has the advantage that the emissivity setting is specifically assigned to the measuring location. The possibility of an incorrect adjustment during initial installation or after recalibration can thus be ruled out.

The scaling of the analogue output can be adjusted by means of a USB interface. Other parameters such as emissivity, smoothing function, peak picker or diagnosis function can be PC-configured. The integrated communications software is a standard feature of the pyrometer. All that you will require to enable remote configuration is a Windows HyperTerminal and a PC without any additional software.

Furthermore, KELLER HCW offers the CellaMevis software. In addition to setting instrument parameters, with CellaMevis the recorded temperature data can be displayed online as a curve chart or graph. The data can be saved in a CSV file, enabling further analysis using Excel or any similar spreadsheet program.

CellaTemp PQ’s enclosure was designed to be identical to that of its forerunner series, thereby permitting the use of all existing accessories.

With its various measuring ranges between 300 – 2500 °C, the pyrometers of the CellaTemp PQ Series are suitable for a wide variety of industrial measurement tasks within kilns, furnaces and heating equipment. These applications include glass making, steel processing, cement production and the ceramic industry.

Content: Army of TWO: The 40th Day Demo
Price: Free
Availability: All Xbox LIVE regions except Asia and Germany
Dash Text: Army of TWO™: The 40th Day has been built from the ground up as an incredible cooperative experience. The result is a bigger, better, more organic and immersive co-op experience that lets you put your best two-man tactics to use whenever and wherever you want. This demo allows you to play part of the first level in split-screen or online COOP.

 

Add Army of TWO: The 40th Day Demo to your Xbox 360 download queue

Filed under: Motorsports, Motorcycle

After a few years experimenting with 800cc engines in MotoGP, the Grand Prix Commission has just announced a switch back to 1000cc powerplants with the added caveat that they must have bore centers of 81 millimeters. These new regulations are set to go into effect for the 2012 racing season, and at least one small player is happy about the change. On the official MotoCzyst blog, Michael Czysz wrote:

The 2012 season is a great opportunity! MotoCzysz now has the base motorcycle, enough time and rules actually leaning a little in our favor – we could not ask for a better opportunity. Let’s hope others feel the way I do. There is heavy lifting to be done but great things can be accomplished with many hands and the assistance of a few true believers.

It would seem that Czysz would have a leg up on the competition in getting a MotoGP platform ready for 2012 since the company’s four-cylinder C1 was initially designed to compete in the 1000cc class. It’s unclear at this point if MotoCzysz will continue developing its electric E1 platform or if it will focus all of its efforts on getting a bike on the MotoGP grid for 2012. Or, ya know, neither of the above.

[Source: MotoCzysz via Asphalt and Rubber]

MotoGP to return to 1000cc format, MotoCzysz back in the mix? originally appeared on Autoblog on Thu, 17 Dec 2009 07:58:00 EST. Please see our terms for use of feeds.

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Very clever use of the Stolmen poles to create a room divider. Kudos, Andrew!

“An Ikea hack I just completed in order to create a partition in my studio apartment in Greenwich Village.  

I used two Stolmen posts as the spine for this partition composed of 8 bowed spars I designed and built across which will be stretched over by a large canvas drop-cloth. The aim was to create a partition for the studio to preserve a separate sleeping area without leaving any trace on the walls, ceiling or floor.

Ikea Hack Partition from Andrew Schwalm on Vimeo.

It’s actually quite sturdy and we will eventually hang a painting on it.”

I’ve just realised (quite recently, duh!) that embedded videos, don’t turn up on some feeds. So just for you guys reading this post on a reader, click here to view the video.
 

It’s nearly school vacation time—and you’re probably making plans (or will, once your shopping is finished) for things that will keep the kids busy during their time off. Museums, concerts, playdates—whatever fills the days in a useful, educational way. Because you can’t leave the days blank, right?

Actually, you can. And sometimes leaving them blank is exactly what children (and families) need.

Don’t get me wrong: if there’s some really cool exhibit you’ve been waiting to see (my family wants to see the Harry Potter exhibit at the Museum of Science), or Christmas wouldn’t be the same without a trip to The Nutcracker, go for it. And if that one kid your daughter has been dying to play with is finally free over vacation, by all means set up a playdate.

But sometimes it’s important to remember the real meaning of vacation, which comes from the Latin vacare: to be empty, free. Children need this, especially these days when being scheduled (sometimes highly scheduled) is the norm. They are so scheduled that in 2006 the American Academy of Pediatrics (AAP) issued a report entitled “The Importance of Play in Promoting Healthy Child Development and Maintaining Strong Parent-Child Bonds.” It’s sad when the AAP has to remind parents to let their kids play.

The thing is, unstructured play is important. It’s particularly important for child development, because it’s through imaginary play that children explore the world, practice decision-making skills, learn to work in groups and learn to share. It’s also how they learn how to entertain themselves without the aid of an electronic device, and how they practice self-control. Unstructured time is important for mental health, because it gives kids a chance to decompress and relax; without this, there’s a higher risk of stress and depression.  And it can be good for physical health, especially when that unstructured time involves physical activity.

Families need downtime, too. With everybody running every which way, we miss chances for connecting with and enjoying each other. Not to mention the stress on the parents who do all the scheduling—and the drop-offs and pickups and snack- and gym bag-packing.

So how about using vacation as a relaxation and reconnection time? Here are some suggestions:

• Turn off the alarm clocks and get some sleep.
• Turn off the TV and computer screens. You may face some resistance on this, as screens are often what kids want to use to fill blank days. But turning off screens turns on all sorts of creative possibilities.
• Offer your kids materials to make stuff—like clay, blocks, paint and paper. Cut out pictures from magazines and make collages. Build a city. Leave it up all week and add to it.
• Make a fort out of sheets and chairs. Bring pillows inside. Have a picnic there. Use flashlights.
• Go outside a lot. Go for walks or to the park. Build snowmen if there is snow.
• Play music. Dance.
• Get out the board games. Have a marathon Monopoly game in your pajamas.
• Take part. This is really important.  Don’t just set the kids up with something and pull out your laptop or get on the phone—play with them. Your kids will love it, and I bet you will too.

If you approach the vacation this way, you just may find that when it’s over, everyone will be not just rested but happier. You might even find yourselves wanting to spend more time this way. Which would be really wonderful—for everyone.

Built any good forts lately? Ever made origami animals out of used holiday wrapping paper? What does your family like to do together during vacation time?

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1. Healthful eating during the holiday season
2. My whole family enjoys Guitar Hero, but I’m concerned about the lyrics – what should I do?
3. Shopping for toys this holiday season? Here are some tips for buying safely

The device of the day is the HP Glisten, and PhoneArena has just weighed in with their review of the device.  Unlike others they seem pretty positive, concluding:

Being away from the US mobile market for some time, HP definitely has one good looking Windows Mobile smartphone that gives other similar handsets a run for their money – like the Palm Treo Pro, Samsung Intrepid and HTC Snap. Throw in features like an AMOLED touchscreen, Wi-Fi, global capabilities, and a nice portrait style QWERTY and the Glisten will surely appeal to the business user. We would’ve liked to see HP work on offering a personalized look and pales in comparison to the offerings we tend to see with other manufacturers. Nonetheless, the HP iPAQ Glisten makes for a wonderful attraction to the Windows Mobile front.

They score the smartphone a solid 8.2.

Read their full review here.

Found under: Windows Mobile, Software,

DynaInk is a simple but revolutionary new drawing application which simulates real drawing experience on a touch screen Windows Mobile phone device. DynaInk thanks to its patent pending technology can react your drawing dynamism and can change the line width and line color according to it. The result is a rich and eye candy picture. Thanks to this technology it is very easy to get nice painting for beginners but professionals can also use DynaInk to get serious artworks.Click here to chec

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Read more in mobile format

David Rosenberg has put out a somewhat humble special report about the difficulty of forecasting, and what he sees everyone else forecasting for the coming year. It’s titled, provocatively, “Year Ahead, Can You Handle The Truth?”

Here’s a chunk of it:

Perhaps inflation is a consensus forecast but deflation is the present day reality
and often lingers for years following a busted asset and credit bubble of the
magnitude we have endured over the past two years.  The fact that China’s
voracious appetite for basic materials will continue to exert upward pressure on
commodity prices does not detract from this view, especially given the
widespread excess capacity in the manufacturing sector and the new frugality
that has gripped, and in many cases, been embraced by the retail sector.  Higher
raw material prices, owing to developments in Asia as opposed to demand
pressures here at home, will prove to be a sustained source of profit margin
compression for many sectors and companies linked to finished consumer
goods and sevices.

So, much of what I have read in various Year-Ahead Reports predict corporate
earnings, GDP growth here and abroad, interest rates and relative values of
currencies.  As I mentioned earlier, the error term is bound to be very wide in this
new paradigm (since WWII) of a secular credit collapse.  GDP growth in 1934
was 10%, but the Depression wasn’t over until 1940.  

Since 1989, the Japanese stock market has had no fewer than four 50%-plus
rallies and there still has been no period of growth that can be called a
sustained expansion.  Today, we have our own special set of conditions and it is
bound to be tricky as is typical during a post-bubble credit collapse, no matter
how intense the government reaction.  Prematurely committing to the ‘risk’ trade
is probably going to be the most lamentable action over the next few years.
Suffice it to say, we believe that the dominant focus will be on capital
preservation and income orientation, whether that be in bonds, hybrids, hedge
fund strategies, and a consistent focus on reliable dividend growth and dividend
yield would seem to be in order.  To reiterate, I see the range of outcomes in the
financial markets and the economy to be extremely wide at the current time. 
But one conclusion I think we can agree on is the need to maintain defensive
strategies and minimize volatility and downside risks as well as to focus on
where the secular fundamentals are positive such, as in fixed-income and in
equity sectors that lever off the commodity sector.  

This, in turn, underscores my primary focus of favouring Canadian dollar
based investments over the U.S. because at no time in my professional life
have the downside risks — economic, fiscal, financial and political — been so
low on a relative basis and the upside potential so high as is the case today. 
The near-2,000 basis point gap this year between the TSX and the S&P 500 —
the former leading — should be taken in the context of being just past the
halfway point of a secular (ie, 16-18 year) period of outperformance.  Northern
exposure never felt this hot.    

Join the conversation about this story »

See Also:

• DEFLATION: Oil Now On Its Longest Losing Streak In Eight Years
• The Next Leg Of Deflation Has Begun
• Richard Bernstein’s 10 Predictions For 2010

It’s amazing how many people have no idea how utterly boring they are. Don’t be one of these people. If you’re boring, at least realize it and try to do something about it.

But how, you ask? The folks at Psychology Today have a helpful checklist to know if you are being boring in a social situation. You can go and read the full article, but here are a few tips to help you out:

“Oh really?” The dreaded “oh really”! If the person you are taking to keeps saying this over and over, it means you are boring.

Not being interrupted. If you are droning on and on and no one else is attempting to interrupt, it means you are boring. Interruption actually signals interest in the conversation, so no interruptions means someone is being bored out of their mind.

Look out for body position. If someone is interested in what you are saying, they will usually turn to face you. Conversely, if the person you are talking to is partially turned away, chances are they are not engaged in what you are saying.

Are you bored? Chances are if you’re bored with someone’s conversation, they are bored with yours as well. Time to find someone else to talk to.

photo credit: scragz

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Are you a morning person? The kind of person who springs out of bed at the crack of dawn and doesn’t need a shot of caffeine to get going? Or are you the opposite? Clinging to your last precious minutes of sleep and then downing three cups of coffee before you can be fully functional?

I’m the former and I always tease my friends who rely on coffee to get them going in the morning.

But it turns out those coffee drinkers may be getting a health benefit that I’m not.

Recent research shows that drinking coffee or tea (decaf or not) may reduce the risk of diabetes.

Now before you stop reading and run off to get a refill, you should know that the researchers aren’t sure what causes the link between coffee and tea drinkers and decreased diabetes. They’ve ruled out caffeine since the effect was noticeable in decaf as well. But there are many other things that could play a part, such as the diets of the people in the study.

Before they say that anything is conclusive, the researchers said clinical trials are necessary.

So don’t start guzzling that cup of joe just yet, but stay tuned for the latest results.

Are you a coffee or tea drinker? And do you prefer decaf?

Earlier this year, we noted that while many newspaper execs were complaining about “free,” the owners of the London Evening Standard had decided to make their paper copy free and that had resulted in much greater circulation and (importantly) lower distribution costs. Part of the issue was that the paper stopped distributing to certain newsstands and newsagents as just not being worth it. Yet, as reader mowgs points out, some of those newsagents so badly want the paper — even if it’s free — that they’re now paying the newspaper to carry it, even while giving it away for free:

The Evening Standard editor, Geordie Greig, said today that the paper had been besieged by inquiries from newsagents wanting to stock the paper as a way to attract customers, even though they were no longer paid a commission.

“What has happened is that entrepreneurial London has taken over. Little companies have got together and have decided to distribute the Standard in little places we decided we couldn’t afford to go to,” Greig told the BBC Radio 4 Media Show.

“We used to pay a large commission to newsagents to sell the Standard. We now have dozens of newsagents paying us 2p a copy to have copies in their shop … which they then give away,” he said.

Separately, he noted that the rise in ad revenue to the paper has been dramatic, and that they’re making two to three times as much in ad revenue on certain days. But, you know, it’s “impossible” to support journalism while giving away the content for “free.” Rupert Murdoch says so.

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Implementing firewalls between commercial and investment banking, which is to essentially re-implement the past Glass Steagall separation, would make commercial banking the boring business it used to be.

Yet that’s a good thing. It makes for safer commercial banks, but also allows investment banks to keep doing whatever they like, since they would no longer be too big to fail (hopefully) and no longer have any government support. Thus banking separationg would allow for continued financial innovation at the same time. Which is very important for U.S. financial leadership.

That’s at least our angle on his words:

Join the conversation about this story »

See Also:

• Congressman: We’re Ready To Bring Back Glass-Steagall
• John Reed: I’m Sorry I Created Citigroup And Killed Glass-Steagall
• Does The WSJ Edit Page Want To Bring Back Glass-Steagall?

Meringues are light and airy, and they melt on your tongue like snow. We’re planning on making a few batches this weekend to round-out our cookie tray and have on hand for last-minute gift exchanges. We found a bunch of new recipes that sound absolutely delicious!

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