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  • F5 Doesn’t Like A10’s Name — But Sues Over Patents, Not Trademarks

    johnjac points out that it’s a bit odd that, in the middle of a patent lawsuit, data center provider F5 Networks complains that competitor A10 Networks name itself is an attempt to copy F5. Who knows whether the patent questions are legitimate, but names have nothing to do with patents, and it seems like a pretty big stretch for F5 to claim that a company that combines a letter and a number is automatically doing so “as a play, or allusion to, F5’s corporate name.” And, even if it were true, how would that matter if the discussion is over patents, not trademarks?

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  • Opera 10.52 for Mac Released: Features Cocoa Integration and Pinch to Zoom

    Yet another week and yet another major release from the folks at Opera Software. This time it’s the Mac users who have reason to celebrate. Opera 10.52 for Mac, which is the first stable build of the Opera 10.5x trunk for Mac, has been released.

    Opera 10.52 for Mac includes all the features of its Windows counterpart, including Opera Widgets for Desktop, Private Browsing, Non-modal notification messages, Opera Presto 2.5 rendering engine, Opera Carakan JavaScript engine and Opera Vega graphics library.

    Some of the highlights of this Mac release are:

      Opera-10.52-Mac

    • Improved UI: Opera 10.52 looks like a native Macintosh app and behaves like one, thanks to the Cocoa integration. The design has been overhauled to include a unified toolbar and other miscellaneous improvements.
    • Opera-10.52-Speed-Test
      Opera 10.52 for Mac: Peacekeeper Results

    • Speed: Opera 10.52 introduces the Carakan JavaScript engine, which is one of the fastest (if not the fastest) JavaScript engines in the market.

      Opera-10.52-Speed-Turbo
      Opera 10.52 for Mac: Impact of Turbo onf Page Load Time

      When coupled with Opera Turbo, which compresses webpages before routing them to your computer, Opera 10.52 can deliver blazing fast browsing speed.

    • Multi-touch Support: Opera 10.52 also introduces multi-touch support, which takes advantage of the multi-touch trackpads present in modern Macbooks. Pinch to zoom or use two fingers to scroll and three fingers to navigate back and forth in your browser history, all from your trackpad.

    The Windows build of Opera 10.52 mainly delivers bug fixes and performance improvements. Linux users have been left out for now. Nevertheless, Opera 10.5x for Linux has been making steady progress over the past few weeks and expect a final build within a few weeks.

    [ Download Opera 10.52 for Mac or Windows ]

    Opera 10.52 for Mac Released: Features Cocoa Integration and Pinch to Zoom originally appeared on Techie Buzz written by Pallab De on Tuesday 27th April 2010 06:32:35 AM. Please read the Terms of Use for fair usage guidance.

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  • Cash flow from shale plays equal on either side of border

    Energy companies operating in North American natural gas shale plays will have the same after-tax operating cash flow per share per thousand cubic feet (Mcf) at today’s strip prices regardless of whether they are operating in Canada or the United States, according to research done by Peters & Co.  

    The government’s take in the United States is 31%, compared to western Canada’s 19%, but the playing field is leveled after accounting for the higher average operating costs in Canada, the Calgary-based brokerage said.  

    If long-term gas prices climb to US$7 per thousand cubic feet, the average government take will be around 33% in the U.S. and 24% in Canada.  With respect to natural gas profitability and government take, Peters found that the Netherlands, Indonesia, and the United Kingdom have the highest average after-tax operating cash flow per Mcf.

    “While these countries rank the highest in profitability primarily due to higher realized pricing, they do not necessarily rank the lowest in government take,” the report said. When considering crude, the most favourable places turned out to be the United Kingdom, Tunisia, Peru, Columbia and Canada.  The least favourable are Albania, Yemen, Argentina, Egypt, Indonesia, and Trinidad, Peters said.

    Carrie Tait

  • Uh-Oh: Americans Beginning To Love Stocks Again (And Are Still Bizarrely Infatuated With Real Estate)

    A new Gallup poll confirms a few not very surprising things.

    One is that America is starting to believe in stocks again, which, given the S&P at 1200 is not altogether surprising. 22% think they’re the best long-term investment.

    Also, despite everything, Americans still hold a bizarre fixation with real estate, as a plurality, 29%, still consider it the best investment. (Though this is down from 50% at one point).

    And bonds — which most Americans have never seen in a bear market — continue to pull up the rear.

    Here’s the chart.

    chart

    Join the conversation about this story »

  • Nokia N8 Official, With 12MP Camera and 720p Video Recording [Nokia]

    Well now, this is awkward. Only yesterday Mobile-Review was calling the N8 an unpolished turd, and now Nokia’s gone and announced it to the world. As leaks foretold, it’s got a 12MP camera with Xenon flash, and runs Symbian^3. More »







  • “Kick-Ass” Star Aaron Johnson, 19, Expecting Baby With 43-Year-Old Sam Taylor-Wood

    By now we all know that we are living in the age of “The Cougar,” but we can’t help but wonder if some femme fetales aren’t taking their obsession with barely-legal penis a step too far. This is old news to celeb-watchers in the UK – but American Kick-Ass fans may not know that the movie’s 19-year-old star, Aaron Johnson, is expecting a child with his 43-year-old fiancée, director Sam Taylor-Wood.

    Their May-December romance — marked by an almost quarter century age difference — has been stirring up controversy across the pond for more than a year.

    “I’ve got a wonderful woman,” Aaron says. “She’s lovely and she’s a fantastic mother. I’m an old soul and she’s a young soul.”

    Aaron also insists he’s gonna be a Kick-Ass dad, despite his tender years.

    “It’s not scary. I’m already a stepdad to [Sam’s children Angelica, 13, and Jessie, 3] anyway. So the nerves have sort of gone.”


  • ADAC: Citroen Nemo fails the moose test

    ADAC: Citroen Nemo fails the moose test

  • Greek two year bonds keep routing, now at 14.23% yield according to Bloomberg. Ten year bonds are yielding 9.48%.

    Greek two-year bonds keep routing, now at 14.23% yield according to Bloomberg. Ten-year bonds are yielding 9.48%.

    Join the conversation about this story »

  • ResearchBlogCast #4 | Gene Expression

    It’s on reduced marine predator size and how it effects the distribution of biomass. Remember you can find it on iTunes under “ResearchBlogCast.” Next week I pick the paper….

  • Unsilence The Violence

    "Healing may not be so much about getting better, as about letting go of everything that isn't you – all of the expectations, all of the beliefs – and becoming who you are." ~ Rachel Naomi Remen

    Today I have a very special guest here (she's from Wisconsin – we could be neighbors…), discussing a topic that is all too often shoved under the covers.  Please help me welcome Maggie, who has created a wonderful resource for anyone out there suffering from the horrors of domestic violence, sexual abuse, and rape. 

    Maggie has a personal blog, Okay, Fine, Dammit, that she has had for some time.  About a year ago, after writing a local piece on domestic violence, Maggie felt the deeper need for creating a place where people could share their own personal stories – and to bring some peace and healing in the process.  From that, she created the Violence Unsilenced website.

    Violence Unsilenced (VU) is that place where people can share, in their own words – from their personal experiences from domestic violence, sexual abuse, and rape.  Please note: reading the VU site can be emotionally challenging and all the stories are very real. It's in these stories, though, that the violence, pain, and suffering can find some possibility of healing.  It's also a place where each of us, through the voices of those who have been there, can more deeply see how heinous these acts are.  And in that, perhaps we can all take a few more steps towards a healing and meaningful compassion for all our brothers and sisters in this world.  

    Please read along, as Maggie shares a more in depth look at who she is and what she has created.

    1.  What led to the creation of the Violence Unsilenced website?
    Back in 2008, I wrote an article profiling seven domestic violence survivors for a city magazine – and the experience changed me. Then one night, right around that same time my article ran, there was a domestic violence death in my community. In a fit of sadness, I vented on my personal blog (Okay, Fine, Dammit) – and the response was very intense. There were clearly a lot of people impacted by abuse. On top of that, I knew how cathartic the magazine experience had been for the survivors I profiled, and decided I wanted to keep that momentum going. I was well aware by then in the power of the blogging community, and I had a lot of confidence in my fellow bloggers. I knew we could do this together. In writing the article I learned that one in four women will be a victim of abuse in her lifetime. I thought about how small each of our blogging communities can be, and how well we think we know each other. The assumptions we make, the things we don't see. I thought, why don't we show the blogosphere just how prolific and encompassing abuse is?

    From the very start, VU was a collaborative process. My blog readers contributed their input, their stories, helped choose the name, and helped spread the word – so much so that on the very first day VU went live, there were several thousand visitors. That was over a year ago, and I believe it's still a very collective effort.  I’ve said this before, but I hope when people think of VU, they don't think of me – they think of the survivors and the supporters. It's a good day when I overhear someone talk about the "people over at VU," rather than the "person."

    Lance's Commentary:  Maggie, I find much hope in what you have created.  And for me, personally, I really believe it touches upon love and compassion…in the hearing of these stories. 

    I think about that figure, 1 in 4 women will be the victim of abuse.  And as I think of the women I know in my life, I really hope that it's way off (although reality tells me it's probably not).  Proof of that made it's appearance just yesterday – as I read the words of a blogger friend, Jill (who gave permission to link to this – thank you, Jill) who just happened to share her own story of sexual assault on her site.  Jill – know that I see you as a brave and courageous soul.

    2.  Maggie, I look at what you have created, and find such great hope in the message that you are creating.  As this has evolved over the last year, what has this whole project meant to you?
    Even though I knew there were a lot of people with these types of stories, I was still shocked by the sheer volume of responses. I’ve had a 4-6 month wait list from day one, and here it is a year later with no signs of slowing down. So many stories waiting to be told… it’s both terribly sad, and incredibly hopeful. I am bowled over every day, both by the strength of the survivors and the compassion of the readers. I feel blessed that I get to watch this humanity in action right here on my screen.

    Lance's Commentary:  Your community is such a supportive one, and what a gift that is to everyone. 

    3.   Tell us about these shared stories that you post  – and have they touched you personally?
    To be honest, it’s very difficult to be regularly exposed to so much trauma and suffering. I admit I have had to learn to limit my time with the project, and to take care of myself emotionally. But yes, every single one of them touches me personally, because these are not just auto-posted—there is a process I go through with each survivor to make sure he/she is absolutely certain he/she wants to be published, and is accordingly supported and aware of the risks. Afterward, I feel very bonded to each survivor. It’s a very personal and humbling experience, and it happens twice a week. Ultimately, despite the sad content of the posts, it’s always a positive thing for me. Speaking the truth out loud seems to make these survivors even stronger, and I get to bear witness to that miracle—which makes me a better person, I believe. I can’t even remember my life before VU.

    Lance's Commentary:  As sad as it can be to read these stories, I also find much hope in the sharing of them.  I very much get a sense that there is a healing in the sharing.  I also believe that I, myself, feel an even deeper level of compassion for the world around me after reading a story on VU.  So, as difficult as these stories are – the public sharing of them really is so good for everyone.

    4. Tell us one unexpected thing that has happened since creating Violence Unsilenced.
    I didn’t know that it would be so widely and unconditionally supported. I thought it might be a project inside my reading circle, but I didn’t expect the wide-reaching, consistent promotion that so many people (like you, for instance) feel compelled to do. I am so grateful to you, and to all of them. We are seriously doing this together.

    Lance's Commentary:  Maggie, know that I believe that you have created a wonderful gift in VU, and it's an honor to have you here.

    5. Outside of VU, what’s a typical day for Maggie look like?
    My daughters are 10 and five, so they go off to school now. I have a writing studio I rent to do my work, which is freelance writing—I write magazine articles for a living. My family and my personal time are the most important things to me, so I build my schedule around that. I do quite a lot of running around, but ultimately my favorite thing is to hold very still as often as I possibly can.

    Lance's Commentary:  I'm guessing that guy in the picture with you is the guy you call husband!  And it sounds like you have a wonderful family life – savor all the moments!  And in that stillness, much clarity….

    6. Anything new you have coming up?
    I’m speaking at BlogHer ’10 in New York City this year, on a panel about utilizing community for change. I really feel deeply that there’s a lot of power out there in the blogosphere to be harnessed for good, and I’m also very reverent of writing. I think something is lost in the chaos of the social ladder-climbing, popularity, and promotion in abundance in blogging today. It’s so different from the way it was when I first got started, and though there have been very positive changes, it can also be very discouraging. There’s a whole lot of little-known blogs out there where incredibly good writing is going down, and I guess I’d love for people to widen their viewfinders a bit.

    Lance's Commentary:  Your message is such an important one – so that's great about you getting out there and spreading the word.  You will touch many more lives, in amazing ways, and

    7.  Deep down, what makes you uniquely “you”? 
    This is probably a very tough question for anyone to answer about him/herself. I don’t know what makes me me, but I know what I value most in the people I care about—integrity and compassion. I may fall down a lot, but I try to emulate those traits as much as I can. I also love how different we all are, and personally I’m glad we’re not all trying to be like each other.

    Lance's Commentary:  I fall down a lot too.  And perhaps that is all part of the journey we are each on.  There will be moments when we are making great strides, and then others where we slip and fall.  And in those moments when we fall, the beautiful part is that we CAN get back up.  And that's not any more evident than in the VU website, and the people who share so openly their stories.  And in that unsilencing of the violence….they can get back up.  And perhaps we can get back up, too….touched by compassion and love.

    Closing Comments:  Maggie, it is an honor to have you here and sharing a bit more in-depth look at what Violence Unsilenced is all about and what is has come to mean to you.  I know you don't feel like this is just you out there creating this.  I still want you to know, though, that you shine your amazing and beautiful light into our world…and that does make it a better place.  You have given survivors of some really bad things a place to safely share and move further down that path of healing.  What a wonderful gift you are! 

    Thank you, once again, for being here.


    You can keep up with Maggie by visiting the Violence Unsilenced site or her personal blog, Okay, Fine, Dammit.  Keep up with her on Twitter, @maggiedammit .

    Note that I have also added a badge to my sidebar in support of what Maggie is doing.  If you are interested in joining in support of this, you can Take the Pledge right here.

  • Let’s Start The Clock Now For Greece Leaving The Euro

    watch clock stopwatch time

    And now top German leaders are practically begging to quit the damn euro.

    Reuters (via Alea):

    Greece might have to quit the euro zone for a time if the country failed to tighten its belt sufficiently to qualify for emergency aid, a budget expert with Germany’s junior coalition party said on Tuesday.

     A temporary exit from the single currency might benefit Athens if accompanied by a devaluation, the Free Democrats’ (FDP) Juergen Koppelin told Deutschlandfunk radio.

    This makes total sense except for the “temporary” part. You have to figure that once Greece is gone and goes back to Drachmas, we’re talking years and years before they’re back.

    But Koppelin’s motives go beyond merely not wanting to bail out Greece.

    Per the Eric Sprott piece we cited last night, there are fears of a run on Greek banks, and it may come to the point that savers in other marginal countries like Portugal and Spain also decide to pull their cash, and put it into other countries banks, or at least gold.

    And if that alone isn’t worrisome enough, read Felix Salmon’s piece with some anonymous plugged-in sources. He brings up several points, but the nut is this:

    Where would Greek debt trade in the event of a default? This is the scariest thing: my highly plugged-in companions both agreed that it wouldn’t just fall to 70 or even 60 cents on the dollar: they saw fair value closer to 40, and said that it would probably fall to 30 before people started buying.

    Needless to say, if Greek debt was trading at 30 cents on the dollar, it wouldn’t take long for the Portuguese domino to topple. After that, Spain — and then, it’s easy to imagine, Italy, Ireland, UK. And so the stakes are very high: it’s certainly cheaper to bail out Greece with virtually unlimited funds than it is to risk a fully-blown PIIGS default. But there does seem to be the hope or expectation that a line could get drawn in the Iberian sand, and that Italy and Ireland would not be allowed to default even if Portugal and/or Spain imploded.

    Good luck drawing that line in the sand. If there’s one thing we’ve learned, it’s that the best intentions of leaders are powerless to stop economic reality.

    Of course, if Greece won’t leave the euro, Germany just might.

    And don’t miss: The ugly math that shows why saving Greece is an impossible mission >

    Join the conversation about this story »

    See Also:

  • O2 HTC HD2 gets ROM update

    More good news for HTC HD2 owners, this time in UK.  O2 has released a ROM update for the smartphone which brings it up to version 1.72.206.3.

    As usual no change log is available, but expect the usual bug fixes and stability improvements.  As with most ROM updates all applications and user data will be deleted.

    Download the update at o2 here.

    Via Coolsmartphone.com


  • The new U.N. climate chief should have a strong understanding of women’s issues

    by Negash Teklu

    Photos: angela7dreams via FlickrWe have a critical opportunity right now to make sure
    the next U.N. climate chief will serve the needs of the global community of
    women, and we need to seize it.

    With Yvo de Boer stepping down as executive secretary
    of the U.N. Framework Convention on Climate Change, U.N. Secretary-General Ban
    Ki-moon will be appointing a replacement. 
    The role of the executive secretary is critical to achieving a fair,
    ambitious, and binding climate agreement, and a strong successor to de Boer is
    absolutely essential for Cancun and beyond.

    What will make for a strong UNFCCC executive secretary?
    The Climate Action Network has issued
    a letter
    articulating important qualifications, which include political
    leadership, experience with negotiations, commitment to civil society, and a
    thorough understanding of the challenges of development in the Global South.

    As leaders of organizations working at the forefront
    of environmental and women’s issues in the Global South, we’d like to add
    another qualification to that list: an understanding of the full range of
    gender issues, including access to reproductive health and family planning.

    Women make up half of the world’s population and 70
    percent of the world’s poor, produce up to 80 percent of agricultural products
    in places like sub-Saharan Africa, and stand to face the brunt of climate
    change.

    Three female candidates are rumored to be under consideration:  Maria Fernanda
    Espinoza
    from Ecuador, Elizabeth
    Thompson
    from Barbados, and Christiana
    Figueres
    from Costa Rica. These women occupy distinct and noteworthy
    positions within the larger environmental and climate diplomatic circles.  Espinoza has held the post of minister for foreign affairs, and
    is the current Ecuadorian representative to the U.N.  Thompson has a
    well-known reputation for excellence in diplomacy, having led the Barbados
    governmental delegation to Kyoto.  Figueres
    is a formidable negotiator on climate change and an expert on carbon
    markets.

    Certainly we all know from the U.S. experience with
    Sarah Palin that being a woman does not a feminist make. On the other hand,
    ensuring gender balance, tracking the number of female elected officials, and actively
    engaging women at all levels of policy making are all standard and
    well-accepted means of measuring an institution’s ability to bring a balanced perspective
    to its deliberations. Do we wish we lived in world free of such measures and
    quotas? Perhaps, but the reality is that marginalized perspectives tend to be,
    well, just that-marginalized-so our advocacy on this front is not yet finished
    business.

    With the UNFCCC soon to enter its third decade, it is long overdue for
    Ban Ki-moon to live up to his own challenge to world governments to give a “greater say to
    women in addressing the climate challenge
    .”  In selecting a leader who will be capable of
    crafting an effective and fair international agreement, the secretary-general
    must seek a candidate with a track record demonstrating a nuanced understanding
    of the gendered aspects of climate change challenges and solutions.  It is time that the U.N. pay more than lip
    service to the notion that women
    are the agents of change
    .

    ——————-

    Suzanne Ehlers
    is the interim president of Population
    Action International
    .

    Negash Teklu is executive
    director of Ethiopia’s Consortium
    for Integration of Population, Health, and Environment
    .

    Rosemarie
    Muganda-Onyando is the director of the Centre for the Study of
    Adolescence in Kenya
    .

    Wasim Zaman is the executive director of International Council on Management of
    Population Programme
    , Selangor, Malaysia.

    Related Links:

    Bolivia’s Morales slams capitalists for causing global warming

    U.N. climate talks in Bonn wrap up after fresh fights

    U.N. climate talks in Bonn are off to a rocky start






  • Toyota Rav4 2010, motores más ecológicos

    rav4-2010.jpg

    Toyota le cambia la cara al RAV4 en este 2010. Apreciamos considerables cambios en la parrilla, nuevos acabados cromados y sobre todo muchas variaciones en las motorizaciones, que se vuelven más eficientes y ecológicas gracias a la utilización de la tecnología Toyota Optimal Drive.

    El cambio en las mecánicas y en el exterior obedece a la intención de Toyota de captar nuevos clientes con este rediseño del RAV4. Los juegos ópticos por ejemplo han sufrido cambios para dar mayor sensación de robustez. En cuanto al interior, a los colores ya disponibles hay que añadirles el Blanco Perlado, el Azul Abisal y el Rojo Oscuro.

    En términos de gasolina el nuevo RAV4 solo contempla una motorización: la 2.0 Valvematic de 158 CV, que se puede combinar tanto con transmisión manual de 6 velocidades como con la transmisión automática Multidrive S de 7 relaciones. También se puede optar por una 4×2 o incluso por una tracción total de 4×4.

    Los acabados son 5: Active, Advance, Executive y las variantes Cross Sport, que no llevan ni barras en el techo ni ruedas de repuesto, de los acabados Advance y Executive. Los precios oscilan entre los 23.300€ y los 32.600€, por lo que hay que prestar mucha atención a los detalles.

    Vía | SuperMotor



  • Verdiem, Cisco Team Up to Help Companies Lower Their Energy Bill for Networked Devices

    Verdiem
    Gregory T. Huang wrote:

    Seattle-based Verdiem is announcing today a new partnership with San Jose, CA-based Cisco Systems (NASDAQ: CSCO). Under the terms of the agreement, Cisco will market and sell Verdiem’s energy management software for PCs and networked devices under Cisco’s “EnergyWise Orchestrator” brand, through its worldwide distribution network. Financial details weren’t given, but it’s an original equipment manufacturing deal, so Verdiem’s software will be built into Cisco’s products—which could make it a very promising sales strategy for Verdiem.

    Verdiem makes software to help big companies, government agencies, and universities control and manage energy usage by PCs on their network. The software includes features like automatically turning off computers when they’re not in use, and turning them back on when they need to install software updates. It also includes sophisticated dashboards for monitoring energy use. The partnership with Cisco extends Verdiem’s reach to other networked devices such as Cisco IP phones, wireless access points, and edge switches.

    “Extending the capabilities of Verdiem’s enterprise platform for PC power management, Cisco and Verdiem are delivering to market the first energy management solution for PCs and networked devices,” said Jeremy Jaech, Verdiem’s CEO, in a statement. Jaech added that the agreement will give businesses and organizations “a trusted, holistic solution to measure, manage and monitor both their energy consumption and carbon footprint.”

    Verdiem was founded in 2001 and is venture backed by Kleiner Perkins Caufield & Byers and NCD Investors, among others. Jaech, the co-founder of Aldus, Visio, and Trumba, joined the company in late 2008. Last summer, Verdiem said more than 300 corporations, government agencies, and universities had used its software, and had slashed their PC energy costs by 30 to 60 percent.

    UNDERWRITERS AND PARTNERS



























  • A Guide to the Tangled Financial Reform Bill

    Chris Dodd and Richard Shelby

    Senate Banking Committee Chairman Chris Dodd (D-Conn.) and Ranking Member Richard Shelby (R-Ala.) discuss financial regulations on Monday. (EPA/ZUMApress.com)

    Yesterday evening, Senate Democrats began the procedural endgame to their push to reform the regulation of the financial sector. In a 57-41 vote, with Democrat Sen. Ben Nelson (Neb.) joining Republicans in opposition, the Senate failed to agree to start formal debate of the American Financial Stability Act, crafted by Sen. Chris Dodd (D-Conn.). Democrats need party unity and a Republican crossover to move the bill forward, and the G.O.P. has signaled it wants to sign on to the popular legislation — particularly in light of the public outrage at Wall Street giants such as Goldman Sachs. But working long hours over the weekend and on Monday, the Republican and Democratic sides failed to reach a compromise.

    Image by: Matt Mahurin

    Image by: Matt Mahurin

    Unusual for legislation under such long consideration, substantive portions of the bill remain the subject of intense debate. Republicans object to central provisions in Dodd’s financial reform bill — and in some cases are advocating for far more stringent measures. Even many Democrats are advocating for adopting stricter rules to prevent banks from becoming too big to fail, too interconnected, or too risky in the future.

    When Democrats manage to get a crossover to begin formal debate, a number of central tenets of the bill might change via amendment. In the meantime, significant rewriting might take place before the bill moves forward. Here is a guide to the most important issues at hand, and the key players advocating for changes.

    Audit the Fed. Last year, Rep. Ron Paul (R-Texas) introduced a House bill to audit the Federal Reserve. It garnered 313 cosponsors. A similar measure in the Senate, a budget amendment sponsored by Sen. Charles Grassley (R-Iowa), passed 95 to 1. But the provision did not make it into any final legislation, in Dodd’s proposal or elsewhere. And with the Federal Reserve’s balance sheet more than double its size before the financial crisis — swollen with $1.1 trillion in mortgage-backed securities purchased from Fannie Mae and Freddie Mac plus toxic assets from failed companies like Bear Sterns — a bipartisan group of senators want to force a thorough independent audit of the Fed’s books. Sen. Bernie Sanders (I-Vt.) is sponsoring an amendment that would open up the Fed to an Government Accountability Office audit. The amendment has the stated support of Sen. Russ Feingold (D-Mich.) and Sen. Jim Bunning (R-Ky.), among others, and is expected to come up.

    End too big to fail by capping bank size. Sanders also wrote a measure to break up the banks that failed to make it out of the Senate Budget Committee last week. But the notion of breaking up big banks is a popular one, and sure to come via amendment. Dodd’s bill as currently written gives the Federal Reserve and other regulators the ability to seize and break up financial firms it deems systemically important and systemically dangerous. But that is meant only as a “last resort,” and members of both parties consider the language too wan. Sen. Sherrod Brown (D-Ohio) and Sen. Ted Kaufman (D-Del.) last week introduced the Safe Banking Act, which they plan to offer as an amendment to the Dodd bill. It mandates hard leverage and size caps on banks and other financial firms; limits commercial banks’ assets to 2 percent of GDP and non-banks’ assets to 3 percent; and imposes a 16-to-1 leverage cap, among other provisions.

    Reinstitute Glass-Steagall provisions. Another popular way to effectively limit bank size is to return to the Depression-era Glass-Steagall rules. The Glass-Steagall Act, mostly repealed in 1999, prevented banks from having both commercial and investment banking arms — as, for instance, J.P. Morgan Chase does today. Sen. Maria Cantwell (D-Wash.) and Sen. John McCain (R-Ariz.) plan to introduce an amendment reintroducing the rule and thus requiring big, diversified banks to split themselves up. Shelby, Sen. Johnny Isakson (R-Ga.) and Sen. John Cornyn (Texas) also support the measure.

    An effectively similar, if functionally different, way of breaking up banks or limiting their size is by instituting the Volcker Rule — which bars banks from speculating with their own money by “prop trading” or investing in hedge funds. The current Dodd bill promises to institute something like the Volcker Rule, creating a commission to look at how to institute it down the road. But Sen. Jeff Merkley (D-Ore.) and Sen. Carl Levin (D-Mich.) have ready a measure introducing a more-stringent version immediately.

    Fix the ratings agencies. The Dodd bill does little to fix the credit ratings agencies, whose profligate stamping of AAA ratings on collapsing subprime mortgage-backed securities helped to stoke the crisis. (The companies have a conflict of interest at the core of their business, in that they are paid by the companies whose securities they rate.) The Dodd bill creates a new office at the Securities and Exchange Commission to look closely at credit ratings agencies — but does little more to further reform them. Numerous Democratic senators have cited the issue as a major weakness in the bill, and Senate staffers say it is unlikely to go unchanged. Sanders has said he will introduce new language to strengthen oversight over and regulation of the agencies.

    Guarantee no taxpayer money will go to bank bailouts. Republicans have derided the Dodd bill’s resolution authority fund — wherein the government will tax $50 billion from the banks, creating a pool of cash to be used by the Federal Reserve to shut down failing firms — as creating “permanent bailouts.” GOP politicians including Sen. Mitch McConnell (R-Ky.) have cited it as a major point of contention. But Senate staffers say that rather than killing the resolution-authority fund, Republicans want language explicitly guaranteeing taxpayers will not be on the hook for future bailouts.

    Keep the Fed the regulator of little banks. Under the Dodd bill, the Federal Reserve would have oversight only of banks with more than $50 billion in assets. But Sen. Kay Bailey Hutchison (R-Texas) and Sen. Richard Shelby (R-Ala.) oppose this measure and want the Fed to have oversight of small banks as well — ensuring that the Fed does not become overly concerned with the business of big banks and ensuring that it keeps an eye on the small financial companies that can be the bellwether of bad economic times. Hutchison has said she plans to “certainly have an amendment that assures that state banks and community banks will be able to have access to be members of the Federal Reserve.”

    Make the Consumer Financial Protection Agency truly independent. Sen. Jack Reed (D-R.I.) has promised to introduce amendment moving the Consumer Financial Protection Agency outside of the Fed.

    Improve hedge fund reporting. Reed also plans to introduce an amendment closing a loophole in the Dodd bill that might let some private equity firms, venture capital firms, and hedge funds avoid registering with the Securities and Exchange Commission.

  • O2 HTC HD2 gets a ROM update

    Good news for HTC HD2 owners in UK.  O2 has released a ROM update for the smartphone which brings it up to version 1.72.206.3.

    As usual no change log is available, but expect the usual bug fixes and stability improvements.  As with most ROM updates all applications and user data will be deleted.

    Download the update at o2 here.

    Via Coolsmartphone.com


  • Don’t Look Now, But Chinese Stocks Are In Selloff Mode Again

    It was a rough night in Shanghai.

    As Calculated Risk points out — and helpfully produces this excellent long-term chart comparing the Shanghai Composite vs. the S&P 500 — stocks were down over 2%, pushing shares well below the 3,000 level. Stocks there are at a new six-month low.

    chart

    Join the conversation about this story »

  • Pop Crunch 2010-04-27 05:56:16

    The E! Network’s First Lady of Late-Night says she hope to eventually “branch out” from the cable hub.

    “I’d been approached to go to a network a while ago, and I thought it was a little premature,” says spitfire comedienne Chelsea Handler, host of E!’s Chelsea Lately.

    At 35, Handler’s already penned three best-selling books and hopes to one day front a show that’s a little less irreverent than the one that made her a star.

    “There’s only so much you can talk about celebrities only. Obviously I’m going to want to branch out at some point,” she laughs.

    “I’d like to talk more about politics, books,” she says. “I’d like to have a more well-rounded show at some point. I’ll probably be headed to do something like that, unless they make me some ridiculous offer I can’t turn down which would involve me doing a book club every week,” Handler cracked.

    Handler’s contract with E! expires in 2012.


  • 2011 Mercedes-Benz E-Class Cabriolet

    Continuing Legendary Tradition
    Brian Armstead, Canadian Auto Press

    Cabriolet was originally a term that meant “to cavort” or “cut a caper.” In the 1700s, the term came to be used to describe a two-wheeled horse carriage with a folding leather top. Later, any carriage for hire became known as a “cab,” hence today’s synonym for a taxi.

    2011 Mercedes-Benz E-Class Cabriolet

    2011 Mercedes-Benz E-Class Cabriolet

    In the late 1800s, the first motor vehicles were all open cars, with no tops at all. As automobiles developed in the early 1900s, most were still convertibles.

    As the automotive industry evolved through the 1900s, the term “Cabriolet” acquired a specific meaning – a convertible that seats at least four people. While Mercedes-Benz produced some of the world’s most collectible convertibles and Cabriolets across a 120-year history, its modern era began with the launch of the 1993 E-Class Cabriolet, its first four-seat convertible in several decades. A slightly smaller CLK Cabriolet followed in 1999, and a second-generation CLK Cabriolet line was offered through the 2009 model year.

    It was Mercedes’ passion for open-air motoring at its best that led me to purchase a mint 1994 E-Class Cabriolet. My car has won awards with my local Mercedes-Benz club, and folks are always offering me wads of money for it. No deal. This one stays with me. Why? Because it was ahead of its time, offering four-seat convertible luxury, with stellar safety features such as automatic roll bars, anti-lock brakes and traction control.

    When you get behind the wheel of my ’94 and turn the key, the seatbelts are “presented” to you by motorized arms. Burl walnut adorns the centre console, with premium leather cosseting your body. Under the hood lives a straight six that pumps out 217 horsepower. Plenty of get-up-and-go, but certainly not barn-burning performance. My E320 sold for $85,000 USD new, mostly because the complicated canvas top mechanism was hand assembled. It was and still is an amazing car, though more of a boulevard cruiser than canyon carver. After test-driving the 2011 Mercedes E350 and E550 Cabriolet, many of the attributes of the ‘90s-era E-Class Cabs are present, with serious updates on luxury, performance, handling and safety.

    The new Cabriolets are not only stunning in design, and fully complemented with luxury, but they also kick some major tail when you don your leather driving gloves for a serious performance drive.

    The Great Smoky Mountains in Tennessee provided the testing ground for the solidity and rigidity of the new E-Class Cabriolet platform during the press launch for the car. Removing the metal roof from a vehicle presents major challenges for convertible designers, as the roof is a major structural member. Cut the “roof” off of a sturdy eggshell, and the “body” becomes a quivering mess. The same applies to convertible cars. The new E Cabriolets use high strength steel and full chassis bracing in all critical areas and exhibited absolutely no cowl or body shake over varied road surfaces. I expected that, as my ’94 was extremely rigid, with just a hint of cowl shake over the worst of roads. I knew that Mercedes would not launch an all-new E-Class Cabriolet until they had it just right.

    What I did not know was that this topless machine would be such a stellar handler. Get a bunch of automotive journalists together and toss them the keys to a V6 or V8 powered automobile, and you are bound to have fun. Toss in heavy spring rains and rough road surfaces on day two of our test drive, and you are bound to have some sad faces. No problem with the new Cabriolets though, as both models feature a unique and innovative “AIRCAP” system, an amazing piece of engineering comprised of over 200 parts. At the push of a button, AIRCAP reduces air turbulence at all four seats, allowing year-round driving with the top down.

    AIRCAP consists of two units – a wind deflector with a mesh screen that can extend about 2½ inches above the windshield frame, and a second deflector between the rear seats. In short, the deflector on the windshield frame raises the airflow over the interior while the mesh screen raises the air pressure in the interior slightly. The second deflector between the rear seats reduces backflow into the cabin. AIRCAP literally creates a sea of heated air in the winter and cooled air in the summer. Additionally, AIRCAP quiets the interior, making it easier to communicate among all four occupants. In comparison to many other air management devices, AIRCAP doesn’t require any installation or removal, and doesn’t take up valuable room in the trunk or the rear seats. It looks odd when it is in the open position, as it messes up the smooth lines of the car. It works so well however that you will not mind the temporary disruption of exceptional styling.

    AIRCAP works in conjunction with the AIRSCARF head and neck level heating system that debuted on earlier Benz convertible models. Combining the two innovative systems truly means the new E Cabriolet can be used with the top down in all but the coldest weather.

    The AIRCAP system also has an ancillary benefit. Of course when testing the new model, we wanted to lower the power canvas top to experience open-air motoring. We did just that and got caught in a heavy downpour midway through our trip. Yes, most convertible cars will keep you fairly dry if you drive fast enough that the wind rushes over the windshield frame and pushes the rain that would normally drench you out of the way. The AIRCAP raises the wind zone so high that you can cruise at lower speeds in pouring rain with just an occasional drop or two of rain to wipe from your brow. Yes, we caused quite a scene with our fellow drivers, who must have thought we were getting wet and just didn’t care. Now, Mercedes does not promote this as a benefit of the AIRCAP system, but I sure think it is.

    Under the hood, the E350 comes with a 3.5-litre V6 that produces 268 horsepower and 258 pound-feet of torque. V6 acceleration time is 0-100 km/h in 6.9 seconds. The V6 returns an estimated 13.8 L/100km city and 9.0 highway on the less optimistic US EPA rating system. The 5.5-litre V8 in the E550 is a beast, with 382 horsepower and 391 pound-feet of torque. Zero to 100 km/h comes up in a scant 5.3 seconds, and the V8 returns a surprising 15.7 L/100km city and 10.2 highway. The sound of the V8 under partial or full throttle is worth the additional cost you’ll pay in reduced fuel economy, and initially.

    On the road, the E-Cabriolet is so well sorted I thought the driveline was all-wheel drive. Handling in the rain at high speed was just phenomenal, and thoroughly reassuring. Handling in dry weather reminded me of my canyon runs in the Mercedes-Benz SLS AMG supercar. The E-Class Cabriolet makes use of a strut-type front suspension that combines two lower links with a coil spring strut, along with twin-tube gas shocks and a stabilizer bar. At the rear, Mercedes’ venerable five-link suspension has been refined for use in the new Cabriolet. The links, wheel carriers and struts have all been revised.

    Convertibles have and will always be less safe than their hard-topped cousins (for the E-Class Cabriolet that is the E-Class Coupe), but that does not mean they are unsafe. To help prevent rollover accidents, Mercedes employs the latest electronic stability control on the Cabriolet. Should you in fact roll over, automatic rollover bars pop up in milliseconds to protect you. Nine airbags are standard, including a driver’s knee airbag and side head airbags for front seat occupants. Rear side airbags are standard, with two additional rear bags optional, for a total of 11 airbags when fully equipped. The innovative “Attention Assist” system couples a steering sensor with intelligent software that can identify behaviours that drivers make as they begin to get drowsy. The system senses drowsiness and alerts the driver. Optional automatic emergency braking, which is activated if a collision is likely, and adaptive high beams that use a small windshield-mounted camera to control high-low beam operation automatically are additional safety features. PRESAFE collision mitigation is also standard. The E-Class Cabriolet is now the “Gold Standard” for convertible safety, surpassing Volvo’s excellent C70 drop-top in standard or available safety features.

    So why did Mercedes-Benz use a traditional canvas top instead of going with a retractable hardtop convertible roof? After all, Mercedes initiated the modern-day retractable hardtop trend with the introduction of its SLK. To me, the styling of the new E-Class really answers that question. The car has powerful, dual character lines that strengthen side panels. Aggressive rear wheel flares tie in to a raised decklid. Dual exhaust tips are oval on V6 models and square on V8s. The canvas top, available in black, blue or beige, just looks right on this powerful cabriolet. Nearly an inch thick, the three-layer insulated soft-top is waterproof and windproof. The top opens or closes in about 20 seconds (we appreciated this closing speed during our rainy drive!). Pushing a short lever between the front seats or pressing a button on the “SmartKey” proximity sensing remote unit operates the top. If the automatic closing system ever fails, for example if the battery goes dead, the hydraulic system can be depressurized quickly, so the top can be closed and locked manually.

    You already know that this convertible is a stellar handler, but is it comfortable? Yes it is. Seats are firm but supportive, and ride quality is just superb. It absorbs bumps and other road imperfections with ease. Interior luxury is also first rate, with wood, leather and quality plastic trim all melding without a fuss. Yes, my favourite seatbelt presenters still hand front occupants the belts via power arm extenders. Premium harman-kardon audio cuts through wind noise well with the top down, but lacks low-end bass power. Rearward vision with the top down is good, but shorter drivers complained about the rear mesh screen that works in conjunction with the AIRCAP to reduce interior turbulence. Rear vision with the top up can be a challenge when checking your right blind spot, which is sizeable. I never felt unsafe when changing lanes, you just have to look carefully and be sure your side view mirror is properly aligned.

    I did have a surprising vision problem looking out the windshield. At the upper centre of the windshield, the rearview mirror is connected to a plastic housing that contains a camera and sensors for onboard safety systems. Very tall drivers (I am 6’9”) will find this a major blind spot, as you cannot see over the top of the rearview mirror. I found several occasions where I had to dip my head to see under the mirror/housing, particularly on the curvy roads in the Smoky Mountains. If you are tall, take a long test drive to see if this is a problem for you. I checked with other tall drivers on the press launch event and this did not bother them at all.

    The 2011 E-Class Cabriolet is a complete, four seasons fun machine. The E350 retails for $56,850 in the US while the E550 sells for $64,800 USD – both prices about the same as the outgoing, smaller, CLK models. Canadian prices have yet to be release, but when the car goes on sale later this spring, expect a price hike of about $7,000-$10,000 CAD.

    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet
    2011 Mercedes-Benz E-Class Cabriolet