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  • Natural Beauty: “Organic Cheaters” Protest


    Organic is a marketing term in the beauty industry, and many products, even ones we have reviewed, use the term loosely tricking consumers who don’t dig deeper into the ingredients. The Organic Consumers Association (OCA) explains:

    The Organic Consumers Association has long fought against what it calls “organic cheater brands” – personal care products that use the name “organic” in the product name or brand, yet are not truly organic products at all. This year at the Expo West Natural Products Expo in Anaheim, California, the OCA staged a very visible public protest to expose what it calls “sham poo products” that are “organic cheaters.”

    The protest was part of the OCA’s Coming Clean Campaign which continues to expose dishonest or misleading products in the skin care industry.

    Many of these brands are ones I have used in the past and are sold in health food stores. These companies should not be allowed to get away with labeling fraud!


  • Studio Seilern Architects to construct a park within a building

    whitehorse street development_1

    Eco Factor: Sustainable residential development with green spaces.

    Studio Seilern Architects have unveiled the designs of a new mixed-use development project, dubbed the Whitehorse Street Development, which is to be constructed in London’s prestigious Mayfair district. Being a prime location, green spaces is a rarity and to add a touch of green to the entire development, the architects will be constructing a park inside the building.

    (more…)

  • DS homebrew – DSx86 v0.10

    Here’s the latest version of Pate’s DOS emulator for the Nintendo DS, DSx86. The latest update of the brew is another feature-pack release that includes ton’s of new features, more fixes and various other improvements.
     
     
    Download:

  • PAKSBAB built affordable straw houses are earthquake resistant

    straw houses_2

    Eco Factor: Sustainable houses built from straw.

    Earthquakes and skyscrapers are a deadly mix and the devastating results of the mixture have often been seen. A group called PAKSBAB is finding solutions with Pakistan Straw Bale and Appropriate Building, a nonprofit working at developing durable buildings that can be built with limited resources.

    (more…)

  • Nourishing My Nature With Pooh and Piglet

     Taoofpooh_quote
     

    I believe that as important as it is to nourish the body with fresh vibrant foods, it is equally important to nourish your mind and sense of purpose with nutritious content. This weekend, I feasted on The Tao of Pooh
    and The Te of Piglet
    which unbelievably I have never read until now. I know! I do however believe that the Universe timed my reading of these books perfectly and I attracted exactly what I needed at this time.

    On Saturday, I was feeling a bit unsettled and discombobulated if I may use a supercalidocious word. In the overall scheme of things, I am very glad that I left corporate America, and became an entrepreneur because as Pooh would tell me, working for myself is my true nature.

    But there are stretches of time that go by particularly when the bank account looks like it’s going to be wearing red instead of black, where I feel like, I should just go get a job. When it gets really tough and I have those tormented writer cocktail days ala Hemingway, I even start to think that life would be so much easier if I just go find myself a wealthy husband. I could be one of those Housewives of Scottsdale…Yeah, okay, I know, not me…but maybe?…Okay, got it, let’s get back to Pooh.

    The universe talks to me through books

    I went to the bookstore in the first place because for some reason, I thought absorbing myself in some metaphysical
    readings would help wash away the entangling feelings I had inside. As I scanned the aisles of books, the Te of Piglet caught my eye as what
    struck me was the line about the power of the small. As you all know,
    I’m all about the power of tiny actions to help achieve our goals
    because doing things like just 10 minutes of some exercise or just
    drinking one less can of soda is better than doing zero. We highly under
    estimate the power of small actions because our American culture has
    conditioned us to believe that bigger, faster, and instant is the only
    way to success.

    I’m mesmerized as I’m reading the Te of Piglet, and I start tweeting a
    couple things that struck me like this about
    illusion and this about
    filling stomachs. I’m sitting in a huge comfy chair feeling the
    inharmonious energy leaving me as its being replaced by the joy and
    homey feeling of Piglet, Pooh, and company. When I was a kid, I had a Winnie-the-Pooh lunchbox and yeah used to ask
    mom to put honey sticks in there.

    Taoofpooh_cover As I’m tweeting, friend @muayman tweets and asks
    me if I read the Tao of Pooh as he found it life altering. So of
    course, I gotta go read that book now, and wow! I ended up reading the
    whole thing cover to cover without putting it down, and then I read it
    again. Reading that book put me at great ease because it was like getting validation that everything I have been doing these past 5 years of blogging really is coming together and that I need to just remain patient and continue to do what is in my nature.

    Who knew I was already so Tao

    Ironically, it never even dawned on me that many of the things that I talk about on my blogs are actually Taoist in nature, just westernized like my tagline “live authentically” is basically the Tao version of “live your nature,” and in my iPhone app: Back in Skinny Jeans 25 Motivational Weight Loss Nudges, I use the concept of CHI adapted to my healthy living strategy of C for Calories eating & burning them, H for creating healthier habits, and I for feeding your motivation with inspiration.

    Back in Skinny Jeans: 25 Inspiring Weight Loss Nudges

    But the part of the Tao of Pooh that resonated with me the most and in fact has eliminated all my doubts about my ability to have authority in talking about healthy living subjects is the part where they talk about knowledge and wisdom and what the difference is between the two – compassion.

    How Pooh squelches my insecurities

    See, I have always had this deep insecurity that I am not allowed or am worthy to be giving people guidance about food and eating or how to create a healthier body because I’m not professionally trained in anything health related. I don’t have any degrees or certifications, and I haven’t even taken a class on anything related to what I blog about. In actuality, I’m one of those who has never done well in a classroom. I think it’s hilarious that in high school I couldn’t break 500 on my SAT scores in English and here I am making a living through writing. I need real life experience to learn, and everything I talk about on my blogs has come from my real life experiences.

    So, the fundamental difference between knowledge and wisdom is compassion. It makes total sense and brought me back to memories of the time I spent in hospitals and therapy. For example, I had this psychiatrist years ago I was seeing for the treatment of an eating disorder, and his form of healing was a workbook. Each week I had a homework assignment to do in the workbook and then we’d talk about it at my next session.

    I’m all for assignments, but this book was so clinical and sterile just like this doctor. I was amazed at how cold this guy was but I stuck it out a bit because he had all these degrees from prestigious universities on his wall. The guy was indeed very smart and knowledgeable but I felt like just another mouse lab experiment under his care. There was no emotion, no connection. I left him because I knew we’d get no where.

    School is not always in a classroom

    A favorite saying of mine is that sometimes the smart thing to do is not always the wise thing to do. As a small example, it’s probably a smart thing to tell your child the reality that there is no such thing as Santa Claus or the Tooth Fairy, but that would just crush their sense of magic and innocence. The wise thing to do is to let them figure out for themselves as they get older that Santa and the Fairy are really just that fairy tales. The compassion part is having the grace to let the child enjoy innocence and to give them the kindness of learning on their own.

    For me, reading the Tao of Pooh helped me see that even though I don’t have degrees or certificates I do have an enormous amount of wisdom about healing. I know the pain and suffering of the human experience of an eating disorder, depression and going on anti-depressants, food allergies, yo-yo dieting, alcohol abuse, sexual trauma, and having a parent who had cancer and another with diabetes. I know and understand what it feels like to have these experiences, and to live through them and turn those experiences into something to help others…that kind of wisdom is not something you can learn in books or get a piece of paper saying you have a degree in it.

    Our culture gives heavier credence to those with great book knowledge who can pass tests and get degrees. But what about the wise? Where do you get validation for having been trained in the School of Life? I’ve met mechanics and gardeners who are far more wiser than PhDs. Why? Because they understand human nature and how things really work, not how they ideally should work as we are taught in school.

    I’ve had bosses who were MBAs but the worst leaders.Why did they suck? Because, they didn’t understand people, they only understood that their way was the right way because they went to smartie pants school and expected us to recognize their authority because of their title. In reality, people respect and follow those who they feel connect with them, and genuinely care. Sometimes just simply being inspiring is far more effective than being loaded with all the facts and figures, and credentials.

    I am all for being educated and for gaining knowledge, but I also believe you don’t always have to go to a university to get that education. And just because you have walls full of degrees, also doesn’t make you wise in the ways of the world and of people. In all my posts where I state health claims, I do the smart thing and always make it a policy to link to credible sources like the Mayo Clinic, one of my favorite sources.

    I could go on and on about the Tao of Pooh, but I’ll stop for now. I really feel like a clearer path just opened up for me, and learning more about Taoism has really gotten my excited. I spent the whole rest of the weekend reading about Taoism. What I like most is that Taoist fundamentally believe that all is good in nature, and that is how I see the world 🙂

    So, have you read  the Tao of Pooh or the Te of Piglet and what did you think of it? How did the book impact you?


  • 599 GTO V12: Fastest ever road-going Ferrari tops 335kmh

    Unmistakeably Ferrari ... the new 599 GTO, Ferrari's fastest-ever road car with a top spee...

    When we brought you our article on the Ferrari 599 GTB back in 2006, it was the fastest V12 production car on the market. Now, the company has released the 599 GTO, the fastest ever road-going Ferrari. Based on the 599XX – the advanced experimental track car – this extreme V12 berlinetta delivers a neck-snapping 0-100kmh acceleration time of just 3.35” as well as a top speed of more than 335kmh (208mph)…
    Continue Reading 599 GTO V12: Fastest ever road-going Ferrari tops 335kmh

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  • Daily Reckoning Group Research Project: Trade of the Decade

    A few days ago, we introduced the first-ever “Daily Reckoning Group Research Project” in which we asked you, The Daily Reckoning faithful, to submit your selections for the Trade of the Decade.

    Specifically, we asked:

    1) Identify just one specific asset, commodity, stock market sector, currency, mutual fund, ETF etc. to buy and hold for the next 10 years. Please provide a symbol, if possible. But please do not provide the name or symbol of an individual company. (We are seeking to identify attractive asset classes, not specific companies.)

    2) Identify just one specific asset, commodity, stock market sector, currency, mutual fund, ETF etc. to sell short for the next 10 years.

    Over the following days, we received an intriguing collection of ideas, both on the long side and the short side. Not surprisingly, a number of clear favorites emerged. The most favored favorite of all was the identical trade that your Daily Reckoning editors also favor: Sell Treasuries.

    Coming up a close second behind selling Treasuries was the recommendation to sell the US dollar…or the euro. A large number of readers also suggested betting against the US financial sector.

    On the long side, the precious metals gained more “buy” recommendations from readers than any other idea.

    Typifying the hard money crowd, J. Proenca wrote:

    My suggestion for the Trade of the Decade is this: Buy Silver. Sell 10- year Treasury notes. I’m a Portuguese citizen trying to prepare myself for the end of the euro. I’ve chosen the Gold Miners ETF (GDX) for that goal, which is working well so far.

    Another voice from the hard-money crowd, F. Becker, wrote:

    Sell US Treasury debt and buy gold. I still think “buy gold” is the Trade of the Decade because the world is being flooded with fiat paper from every nation. All of this paper money is basically worthless. Gold (and silver to a lesser extent) is the only real money. The US is bankrupt ($12 trillion + debt and $106 trillion + unfunded liabilities) and all the while adding tons more obligations. The only choice for the US is default or hyperinflation, or a combination of both… Paper currencies will eventually be worthless, leaving only gold as real money.

    Sincerely, Dr. Ferdinand Becker, a faithful reader (sufferer, as you put it) of The Daily Reckoning.

    Dozens of other “sufferers” offered some version of the idea that we should be selling paper assets and buying hard assets like gold or silver. Curiously, silver picked up almost twice as many recommendations as gold. Even more curiously, almost no one selected platinum or palladium. Almost no one…

    Reader G. Presch wrote:

    Buy: Palladium in physical form (forget the paper). Why palladium? Obvious reasons on the supply side are: limited current supply, difficult to get out of the ground at a high rate, limited in-ground reserves. On the demand side: humanity simply needs it much more than gold (at least according to today’s knowledge of limited uses for gold). In my opinion there is little reason to have palladium priced vastly lower than platinum, but both should win out over the next 10 years, with palladium having the potential to gain twice as much as platinum.

    The precious metals were not the only hard assets to receive “buy” recommendations from Daily Reckoning readers. “Energy” in almost any form was also a popular long-side hedge against the demise of paper currencies.

    Reader G. Corey wrote:

    Sell any fiat currency. If I had to pick one, I’d say the euro. The EU has gotten itself into a pickle. It welcomed members it shouldn’t have, and it will pay the price. There is just too much variation among member states for all to live under one currency. And with the hard times ahead, people will at first flee the weaker currencies to the dollar. But even the old greenback is doomed. So I say short ’em all, but the euro especially. I think this will likely take the entire next decade to play out. And when it does, fiat currencies will be in shambles.

    Buy natural gas. It’s been beaten way down but will surge back over the long haul because the world will start to transition away from oil. Coal is too dirty, and alternatives are lacking (solar, geothermal, biomass, wind, etc. are useful only within a narrow range of activities).

    Reader F.M. Weld concurred:

    My short is the euro currency because the Eurozone simply has a quagmire of disparate national interests, as well as immigration problems that will become intermittent conflagrations (e.g., dominant Muslim population in southwest France; parts of Scandinavia, etc.). Please recall that warfare is not an unknown item on the continent. It will be far worse than anyone now imagines, and I’ll guess that the euro is going, going or gone at the end of the decade.

    My long is natural gas. There is a glut now (driving prices down) and huge reserves in the US and Canada; but within a few years we are going to crave a relatively clean energy source in politically secure areas.

    Do I get my prize now, or do I have to wait until the end of the decade?

    Francis, we’re afraid you’ll have to wait for your prize. An investment in natural gas may certainly excel during the coming decade. But will it perform better than an investment in Canadian farmland, as reader Brain Clark suggests? Or an investment in timber, as reader Ed Pok suggests? Or an investment in fertilizer stocks, as reader Jay Winburn suggests?

    Here are a few more…

    Reader W.G. Thompson wrote:

    Sell Obama (The Dollar); Buy Ron Paul (The Loonie)

    A reader named Bruno wrote:

    Buy: S.E.T.I. (Search for Extra Terrestrial Intelligence project). Why? When the private economy (households and companies) failed and went bankrupt, the public economy (governments) came to the rescue. But who is going to come to the rescue of the public economy when it’s gonna go bankrupt (within 10 years max)? Our only hope is to be bailed out by extra-terrestrial entities. Hence the need to invest massively in developing S.E.T.I!

    Sell: Everything you can (and buy gold with all the money collected). Why? In a world ravaged by economical, ecological and climate collapse, lone survivors will have to carry all their belongings, while in search of food and shelter. Hence the idea of having few, but valuable and easy to carry belongings.

    Reader T. Ritchie wrote: Buy Energy, Sell the Euro

    Energy consumption has never gone down for a prolonged period of time and with India and China about to transition their populations into major energy consumers we can expect about 1/3 of the world’s population to dramatically increase their energy demands over the next decade. Meanwhile, traditional energy sources are under production pressure, even at present levels of consumption (Oil and Uranium), or are caught under the anti-pollution/carbon movement (Oil and Coal). An interesting point that The Daily Reckoning has brought up is the connection between fresh water and energy. Soon energy is going to have to be used to produce fresh water. This will be just one more drain on already overtaxed energy sources.

    Selling the euro seems like the most obvious choice of many possibilities. Although I agree the US dollar is in a bunch of trouble, the euro nations seem to be in a similar predicament but without the perceived reserve status the US dollar has. Plus, they have to contend with a bunch of different governments all with somewhat different agendas. It sounds like a recipe for disaster. I think the US dollar is a sell, but I think the euro is a bigger sell that will pay off faster.

    And finally, reader R. Crawford wrote:

    Buy: Green energy. You know, wind, solar, geothermal, biomass, algae, etc., even including some inventions not yet discovered. For example, what about electricity generated from electromagnetic energy in the void of space – including in our atmosphere. It could happen! Also include suppliers to these industries, which often are the biggest winners.

    As for the best short, I have to look to the Chinese renminbi (yuan). The thinking is, as the world economy and currencies go through major swings in the near term, the Chinese will be “forced” to cut the renminbi loose from the dollar. It will soar briefly. But the net effect will be crippling to the Chinese economy, which by then will be in a bubble that even the US Treasury Department won’t be able to ignore. Net result will be a crash of the economy similar to the Japanese crash, and possibly the Western economies in the very near term. In 10 years, the renminbi should have bottomed out. The stronger Western economies will have survived and put themselves back on a road to overall economic strength and the Chinese, by comparison, will be picking up the pieces of their crash and trying to claw their way back into the world markets. Unless, of course, their central planners know a lot more than the US Fed and other Central Banks in the West, which actually isn’t all that difficult now that I think of it.

    Fellow Reckoners
    for The Daily Reckoning Australia

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  • Slacker Radio: Streaming Music to your Android Powered Device

    Online music streaming has quickly become a staple in many people’s online experience. It is certainly a regular occurrence for my co-workers to walk past my office and find me with headphones plugged into the computer rocking out to my new favorite online music service, Slacker Radio. Slacker Radio has the same premise (and some very similar functionality) as the popular Pandora service, but offers a much cleaner user interface and, in my opinion, a much better Android experience.

    I am a stickler for a pleasing user interface. In this area, Slacker definitely does not disappoint. For example, each station you play features album artwork for the current song, the next song in the queue, and minimalist buttons at the bottom of the screen. Slacker looks like it was built for the mobile platform, and it delivers. Most people prefer function over looks in a music player, and Slacker does well here also. The application allows you to choose from one of 100 preset stations or to create a station of your own by typing in a favorite artist. Slacker will then create a station of similar-sounding musicians to enjoy. Additionally, a useful widget gives easy access to basic necessities such as play/pause, skipping songs, and blocking songs.

    Similar to most online streaming music sites, Slacker comes in two main flavors: a free version which is ad-supported and allows you to skip a limited number of songs per hour, and a premium version which offers no ads, unlimited song skipping, and station caching. The slacker application (currently in version 2.0.65) itself is free, and can be downloaded from the Android Market.
    Subscription pricing and more information on Slacker Radio can be found at www.slacker.com.

    The Good

    • Overall a very nice user interface
    • Ability to create stations based on your music taste
    • Widget with all the basic functions
    • In my opinion, it provides a better user experience on the Android platform.
    • Over 100 preset stations for those indecisive days
    • The developers at Slacker are constantly updating the app.

    The Bad

    • Because Slacker is newer than Pandora, they have a smaller song base to draw from. As the application gets more popular, it should rival Pandora in this regard.
    • Free version is ad-supported, and only allows 6 song skips per hour per station.

    Final Verdict:
    As someone who has been unimpressed with the direction Pandora is going, Slacker Radio has offered a refreshing new way to experience online music. I strongly encourage anyone who listens to streaming music to try out Slacker for a few days/weeks, and decide for yourself whether Slacker or Pandora is better for you. Me? I spent a good deal of time with both Slacker and Pandora, and I am now a happy Slacker Radio Plus subscriber.

    Note: This review was submitted by Anthony Domanico as part of our app review contest.





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  • Come to Buenos Aires: No Cares About GDP, Debt, Monetary Policy and Good Governance

    What a great town! Buenos Aires. We love it here.

    Why?

    Because it shows how you can completely foul up a major economy…and still enjoy a great steak dinner with a good bottle of wine.

    Not only that, the weather is nice and the women are pretty. Who cares about GDP, debt, monetary policy and good governance?

    Argentina is probably the best place in the world from which to contemplate the world’s financial future. Huge errors now being made by the US and most other governments are bound to lead to huge trouble. In other words, they’re bound to lead to the pampas, where the gauchos have been there, and seen that…more than once!

    On Friday, US stocks rose. The Dow went up 70 points. Gold rose too – up 9 dollars. It looks to us as though the bull market in gold has resumed. The yellow metal could soon scale the $1,200 mark…and challenge its all-time high.

    Why is gold moving up? Gold is usually what you buy when you suspect that financial policymakers are making mistakes. But what mistake are they making? The ‘recovery’ is a huge success; everybody says so. On Monday, the papers reported Larry Summers’ remark; he said the recovery had reached “escape velocity.” And on Thursday Ben Bernanke congratulated himself publicly for having saved the world from a deep, dark depression. The central bankers and finance ministers know what they are doing, don’t they?

    Apparently, gold doesn’t think so.

    And last week, the Bank of International Settlements agreed.

    “The Bank for International Settlements does not mince words,” says a report in The Telegraph. “Sovereign debt is already starting to cross the danger threshold in the United States, Japan, Britain, and most of Western Europe, threatening to set off a bond crisis…”

    The problem is coming to the “boiling point,’ said the report.

    Ambrose Evans-Pritchard:

    The risk is an “abrupt rise in government bond yields” as investors choke on a surfeit of public debt. “Bond traders are notoriously short- sighted, assuming they can get out before the storm hits: their time horizons are days or weeks, not years or decade. We take a longer and less benign view of current developments,” said the study, entitled “The Future of Public Debt”, by the bank’s chief economist Stephen Cecchetti.

    “The question is when markets will start putting pressure on governments, not if. When will investors start demanding a much higher compensation for holding increasingly large amounts of public debt? In some countries, unstable debt dynamics – in which higher debt levels lead to higher interest rates, which then lead to even higher debt levels – are already clearly on the horizon.”

    The BIS, in charge of monitoring global capital flows, said public debt has risen by 20pc to 30pc of GDP across the advanced economies over the last three years. Semi-permanent structural deficits have taken root. “Current fiscal policy is unsustainable in every country (in its study). Drastic improvements in the structural primary balance will be necessary to prevent debt ratios from exploding.”

    Historical data shows that once public debts near 100pc of GDP they act as a ball and chain on wealth creation.

    If countries do not retrench quickly, they will create a market fear of “monetization” that becomes self-fulfilling. “Monetary policy may ultimately become impotent to control inflation, regardless of the fighting credentials of the central bank”, it said.

    Some states may be tempted to carry out a creeping default by stoking inflation. “The payoff to do this rises the bigger the debt, the longer its average maturity, the bigger the fraction held by foreigners.” The BIS said the danger that any government would consciously take this path is “not insignificant” in the longer run.

    And more thoughts…

    – Argentina is for economists with a sense of humor, if there are any left. It’s for anyone who likes a good drink and a good laugh. And for anyone who wants a peek at the future.

    What do defaults look like? Look at Argentina. The Argentines pulled off the biggest default on sovereign debt in history. In 2001, they defaulted on $132 billion in loans. Later, they negotiated a settlement that left lenders with their worst haircut ever.

    But at least the lenders must have had fun. They came down to Buenos Aires on rich expense accounts. They stayed at the Four Seasons. They ate steaks that were thicker than glaciers…and washed them down with a whole rio of malbec. They probably went to a few tango shows too. The visit may have cost them billions…but heck…

    ..it wasn’t their money.

    How about inflation? Want to see that? Argentina has had plenty. Even hyperinflation. In 1989 alone, prices rose 5,000%. By 1992, it took about 100 billion 1982 pesos to equal one single new peso. And who remembers the austral? That was a currency introduced in ’85. It was worthless by ’92.

    Don’t think you have to worry about inflation? Take another look at the BIS report (above). The lure of a little inflation will be irresistible. The arrival of a lot of inflation will be irreversible.

    Ask the Argentines; they’re the experts.

    So what kind of crisis will the US have? No one knows. But our bet is that it will have them all. Inflation…deflation…default…hyperinflation… Get ready; they’re probably all on the way.

    – “Foreclosures hit the rich and famous,” says a headline in The Wall Street Journal. Hey, rich people sometimes can’t pay their bills either. And sometimes, it doesn’t make sense for them to pay.

    Say you owe $500,000 on a house that is now worth $400,000. You could continue to pay $3,500 a month to hold onto the house and protect your credit rating. Or you could be $100,000 richer simply by sending the keys back to the lender. Which would you do?

    And now mortgage rates are going up! The auction of 30-year Treasury debt didn’t go well last week. Mortgage rates – which are tied to long bond rate – rose. So, imagine you have to refinance your underwater house!

    Coming soon: even higher foreclosure rates.

    – “If I were a young man I’d go right to Brazil,” said on old friend on Thursday night. “The opportunities there are a hundred times greater than they are in the US.”

    More to come…

    – “I don’t like to say this, because people will think I mean something I don’t…”

    We were on the plane down to Buenos Aires. Elizabeth was reading a book on “Family Success.”

    “People think a lot about building a fortune. But who bothers to think about building a family? You can be successful financially by accident. You can get a family by accident too. But you can’t get a successful family by accident.

    “That takes work. Not just on the part of the person who is making money…but on the part of the person who is building the family too.

    “I don’t know how these young households do it. Women think they need a career. Men think they need a second income. So both of them work outside the home…and both share the burden of raising children.

    “It may be hard for a person to earn a good living…but it’s also hard to build a good family. Trying to do both at the same time is a tough job.”

    More on this too as our story continues…

    Regards,

    Bill Bonner
    for The Daily Reckoning Australia

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  • Lakers to Face Oklahoma City in Round 1

    58989476The Lakers found out a few days early whom they’ll play in the first round of the playoffs: the Oklahoma City Thunder.

    Heading into Monday night’s NBA action, San Antonio, Portland and Oklahoma City were positioned in a three-way tie with identical 49-31 records and two games to play, the loser of which would draw L.A.

    As it turned out, San Antonio easily beat Minnesota 133-111, while Portland went on a late run at home to defeat Oklahoma City 103-95 and lock the Thunder into the No. 8 seed.

    OKC can still finish with the same record as San Antonio and Portland if both of those teams lose and the Thunder win their final contest, but both Portland and San Antonio hold the season tiebreaker against Oklahoma City (both went 3-1 vs. Durant and Co.).

    While the Lakers still have two games to play – Tuesday vs. Sacramento and Wednesday at the L.A. Clippers – the only thing that can still change in the playoff picture is a slim chance at the overall No. 2 seed currently owned by the Orlando Magic. Basically, if Orlando loses its final game – at home against Philadelphia (27-54) – and L.A. wins out, they’ll reclaim the second slot and have home court if both teams make the Finals.

    In the meantime, we’ll start to take a look ahead to the playoff series against Oklahoma City, a team against which L.A. went 3-1 in the regular season.

    Stay tuned.

  • Infosys Seeks U.S. Patent On Offshoring U.S. Jobs

    theodp writes “It’s interesting to see that famed offshoring firm Infosys is now seeking U.S. patent protection for its Framework for Supporting Transition of One or More Applications of an Organization, which Infosys explains ‘relates generally to the field of outsourcing or offshoring of one or more applications of an organization.’ Prior to this invention, Infosys says it was necessary for a vendor organization to incur hefty visa and travel costs to allow a ‘significant number’ of employees from its offshore location to ‘visit the client’s location to interact with the Subject Matter Experts (SMEs)’ before returning ‘to the offshore location to transfer the knowledge to the offshore team.”

    Funny. Wasn’t it just a year ago that IBM was pressured to abandon its patent application on offshoring?

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  • Why Chinese Property Obviously Isn’t A Bubble

    U.S. Global Investors thinks Chinese property bubble fears are well overblown due to a lack of long-term historical perspective. It’s not just about where prices have come from in the last few years, but where they came from twenty years ago.

    Thus while price rises may have seemed enormous recently, when put into long-term context, relative to China’s massive GDP growth over the last two decades, then the rise in property prices since 2005 doesn’t look too wild. The rise in prices has been far less than that of GDP since the late 1980’s:

    Chart

    U.S. Global Investors:

    Prior to the early 1990s, urban dwellers in China were provided an apartment by their employers or the government, with rent set at less than 5 percent of their salary (utilities included). Starting in the early 1990s, the government began to privatize housing by selling apartments to their residents at a low price. Almost overnight it created a private home ownership rate of about 70 percent.

    This policy change was also a vast redistribution of wealth from the government to the people – those apartments typically occupied prime downtown locations, and thus are worth at least the price of a new luxury apartment.

    The price of housing has roughly doubled since the late 1990s, but it’s important to remember that China’s prices have risen from a much lower base than in the developed countries (among them, Britain, Ireland and Spain) in which bubbles were created.

    While admitting that property prices may have gone up too fast in signature cities such as Beijing and Shanghai, even these markets have seen their oversupply levels come down thanks to government initiatives to cool them.

    Chart

    Thus the message here is that China as a whole remains reasonable relative to the growth of the nation’s economy and accompanying growth of Chinese spending power. In short, if your people’s spending power doubles, then so can property prices.

    It would be interesting to see the China property bears’ counter to the first chart above.

    Join the conversation about this story »

  • Small-City Mayor Takes on the Pentagon–War Spending Should Be Spent on Americans, Not on Killing Afghans

    Small-City Mayor Takes on the Pentagon — War Spending Should Be Spent on Americans, Not on Killing Afghans

    By Jo Comerford, Tomdispatch.com
    April 12, 2010
    http://www.alternet.org/story/146408/

    Matt Ryan, the mayor of Binghamton, New York, is sick and tired of watching people in local communities “squabble over crumbs,” as he puts it, while so much local money pours into the Pentagon’s coffers and into America’s wars. He’s so sick and tired of it, in fact, that, urged on by local residents, he’s decided to do something about it. He’s planning to be the first mayor in the United States to decorate the façade of City Hall with a large, digital “cost of war” counter, funded entirely by private contributions.

    That counter will offer a constantly changing estimate of the total price Binghamton’s taxpayers have been paying for our wars in Iraq and Afghanistan since October 2001. By September 30, 2010, the city’s “war tax” will reach $138.6 million — or even more if, as expected, Congress passes an Obama administration request for supplemental funds to cover the president’s “surge” in Afghanistan. Mayor Ryan wants, he says, to put the counter “where everyone can see it, so that my constituents are urged to have a much-needed conversation.”

    In doing so, he’s joining a growing chorus of mayors, including Chicago’s Richard Daley and Boston’s Thomas Menino, who are ever more insistently drawing attention to what Ryan calls the country’s “skewed national priorities,” especially the local impact of military and war spending. With more than three years left in his current term, Ryan has decided to pull out all the stops to reach his neighbors and constituents, all 47,000 of them, especially the near quarter of the city’s inhabitants who currently live below the poverty line and the 9% who are officially unemployed.

    A Hard Hit Rust-Belt City

    Like so many post-industrial rust-belt communities, Binghamton was hard hit by the financial meltdown of 2008 and the Great Recession that followed, though it faired better than a number of similar cities, in part because Ryan, his administration, and the Binghamton City Council are a smart and scrappy crew. No doubt that’s why he earned the New York State Conference of Mayors Public Administration and Management award two years running.

    These days, however, even the smartest and scrappiest of mayors still has to face grim reality. In July 2009, as the city began developing the 2010 budget, Ryan projected a $7 million shortfall. Contributing factors included a likely $700,000 decline in sales tax revenue, ever rising healthcare costs, increased pension contributions to replace funds lost in the market during the collapse of 2008-09, and a $500,000 drop in the return on the city’s investment portfolio.

    With worse times ahead, thanks in part to the projected end of federal stimulus money and a city drained dry of reserves, Ryan has had to face a classically unpalatable choice: raise city sales taxes from 7% to an unheard of 24% or cut city jobs. He chose jobs, as have the vast majority of mayors and governors across the country, eliminating 39 of them. In the process, he sought greater program efficiencies and wrestled with ways to increase city revenues while cutting ever closer to Binghamton’s proverbial bone.

    It was in the context of this kind of local pain that Ryan was stunned to discover just how much of Binghamton’s taxes were going to the military and to our distant wars, and how little was coming back to Binghamton in the form of aid and services. “When I first saw the cost of war numbers and made the connections,” Ryan remarks, “I had to wonder if we’re ever going to get our priorities straight as a nation. It’s like we’re facing an attack on government. As a mayor, I can see so clearly what increased federal spending could do for the people of my city.”

    Ryan’s message doesn’t resonate with all of his constituents — some have walked out on his public appearances — but he’s used to controversy and convinced that Americans had better get their heads straight soon. “People are hurting so bad,” he insists, “that, like it or not, we’re all going to have to look at things seriously if we want our situation to change.”

    Heads should swivel, he thinks, when faced with the $138.6 million Binghamton’s taxpayers are out of pocket since 2001 for the Iraq and Afghan wars. And that’s not even counting the city’s share of the supplemental funds Congress will undoubtedly agree to this spring to cover the Afghan “surge” or the city’s portion of the basic Pentagon budget for the same period.

    For a small city with an annual budget of $81.1 million, $138.6 million would be a hefty sum, even in non-recessionary times. For the same amount of money, Ryan could fund the Binghamton city library for the next 60 years, or pay for a four-year education for 95% of the incoming freshman class at the State University of New York at Binghamton, or offer four years of quality health coverage for everyone in Binghamton 19 or younger, or secure renewable electricity for every home in the city for the next 11 years. If he was feeling really flush, he could fully fund one-third of New York State’s Head Start slots for one year.

    For the same sum, Ryan could also authorize a $2,900 tax refund for every woman, man, and child in Binghamton or pay the salaries of all of Binghamton’s hard-hit public school teachers and staff for about two years.

    For $138.6 million, Mayor Ryan could hire 2,765 public safety officers for a year, or simply refund the 12 police positions cut in the latest budget contraction and guarantee those salaries for the next 230 years. Ridiculous? These days, no one is laughing in Binghamton or other cities like it.

    A Community Starved by War

    As tax day looms on April 15th, Ryan increasingly thinks about where Binghamton’s tax dollars will be heading and dreams about a government system that would have the potential to raise and spend tax revenue in the service of social benefits like affordable healthcare.

    He’s disturbed by how Binghamton’s tax dollars will be distributed and what they will — and won’t — buy for his city. Consider, for instance, where the 2009 taxes paid by a median income Binghamton household actually went. That year, such a household’s income hovered around $30,000 annually, while its members paid approximately $738 in federal income taxes.

    According to the tax-day analysis of the National Priorities Project (NPP), an overwhelming 218 of those dollars went to pay for military expenditures and interest on military-related debt (generated, in part, by current war spending). The next highest amount — $137 — went to healthcare, including Medicare, Medicaid, and the Children’s Health Insurance Program.

    In 2009, $67, nearly 10 cents on every tax dollar, went to an aggregated category of spending NPP has titled “government,” tripling it in a single year, largely thanks to the Troubled Asset Relief Program (TARP), otherwise known as the bank bailout, whose cost every community in America has had to shoulder. Fifty-eight dollars (8.5 cents on every income-tax dollar) went to increased unemployment insurance payments and job-training initiatives, also a rise from the previous year.

    Not surprisingly, the $15 that went to elementary, secondary, higher, and vocational education in 2009 represented a drop from 2008, a loss of a penny on every tax dollar. There’s no way, of course, that Mayor Ryan’s dream of free, quality education from kindergarten to college is likely to happen on but 2% of every individual federal income tax dollar. Nor will we usher in the green techno-revolution that he and President Obama both support, by spending 2.5 cents on every dollar for the combined categories of the environment, energy, and science, and another 1.3 cents of every dollar on transportation.

    “It’s a double whammy,” Ryan says. “We have a revenue problem and a values and priorities problem in this nation.”

    Some desperate city leaders have suggested that the Mayor cut workers’ pensions to help close the city’s budget gap. Matt Ryan doesn’t see that as a solution to anything. “I have secretaries making $25,000 or $30,000. I’m not about to cut their net, such as it is. We have to think long haul. We have to look at fundamental changes if we’re going to make it as a country. We should all be talking about this — all the time.”

    A construction crew will soon arrive to install Binghamton’s “cost of war” counter which will overlook the city’s busiest intersection and spur conversation around tax day. During the three minutes local motorists wait at the nearby traffic light, they can join Mayor Ryan in waving good-bye to $100. And Binghamton as a whole can grapple with spending $49,650 in war costs every day of 2010.

    Jo Comerford is the executive director of the National Priorities Project. Previously, she served as director of programs at the Food Bank of Western Massachusetts and directed the American Friends Service Committee’s justice and peace-related community organizing efforts in western Massachusetts.

  • Canadian Devon Island Ice Cap is Shrinking

    According to almost 50 years of data the Devon Island ice cap in the Canadian High Arctic is thinning and shrinking.

    A paper published in the March edition of Arctic, the journal of the University of Calgary’s Arctic Institute of North America, reports the substantial loss of mass, ice volume and area each year since 1961 of the Devon Island ice cap.

    The report shows that between 1961 and 1985 the ice cap both grew and shrank, signifying an overall loss of mass. However from 1985 onwards scientists began to notice a steady decline in the volume and area of ice covering one of the largest ice masses in the Canadian High Arctic at approximately 14,400 square kilometres.

    This slow death has been evidenced in other ice caps and large sheets of ice the world over. What begins as a couple of years with warmer summers starts a domino effect that is almost irreversible. (more…)

  • Rhapsody: Add 9 Million Tracks to Your Android

    Rhapsody, the streaming music service previously accessible only by computer or iPhone/iPod Touch, recently released their beta app to the Android market. Rhapsody is a subscription-based service which provides on-demand access to its catalog of over 9 million songs, giving users complete control over what he or she wants to listen to. Although Rhapsody isn’t the first on-demand music service to hit Android, it is the first to combine on-demand access with streaming radio stations, a powerful combo which may distinguish Rhapsody from the oncoming wave of similar services to come.

    Upon launching the Rhapsody app for the very first time, you will be asked to log in if you are an existing Rhapsody user, or to register a new account for a free 14-day trial. Registration is quick, and does not ask for credit card information in order begin the trial period. Afterwards, you are greeted with the home page where you can, among other things, search for an artist, album, or song, view your playlists, view your library, and listen to Rhapsody Radio. In comparison to Pandora, Rhapsody Radio leaves something to be desired. Stations are somewhat limited, as users can only browse through Rhapsody’s pre-selected stations, which can be filtered by popularity, genre, or “key artists”. There is no social integration such as scrobbling or Facebook support, and there is no ability to tailor the station to your preferences via a like/dislike button. Like individual tracks and entire albums, stations can be added to your library for quick access.

    Begin playing a track and you will be taken to the “Now Playing” screen. At the top of the screen are playback controls, a Home button, and a clever button which drops the screen down to reveal the previous screen you were in behind it. At the bottom of the screen is a queue, where songs can be added and rearranged to any order of your liking. In the middle lies the album cover and artist/track title. Long press on this part of the screen and you will be able to purchase the track from Rhapsody, add it to your playlist or library, view more from the artist, or remove the song from your queue.

    What I liked:

    • Great selection – browsing through an artist’s discography even includes tracks on compilation albums.
    • Interface allows you to easily find more music from an artist or group you’re listening to.
    • Songs and entire albums can be added to your queue, playlist, or library. This is an essential feature for those looking to use their Android handset as their main media device.

    What needs improvement:

    • On the second day of my trial period, I began receiving a message reading “5 days left in trial” and suggesting I sign up for a subscription.
    • Offline playback has not yet been implemented. Eventually, users will be able to download tracks to their handset for when they have no signal.
    • Social integration and has become intertwined with the mobile music experience. I’d like to see such features included in future updates.
    • Navigation could be improved slightly, as some controls are long-press and some are click-through.

    Final Verdict:
    Audiophiles may be inclined to spend the $10 monthly subscription to have access to an entire library of music, but Rhapsody will face competition from less expensive apps. Users who only listen to music on the fly may prefer streaming their own collection via Orb or Gmail, or using free streaming radio services.

    Note: This review was submitted by Shane Manning as part of our app review contest.



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  • What’s Nokia up to on Tuesday?

     

    Today I got two invites – one via Email and one express mailed from the UK (that must have cost a bunch) – to a Nokia “virtual event” that starts at 4am Eastern Time on Tuesday. What’s it all about? The Web’s best collective guess is a new version of Nokia Messaging, though some are holding onto a thin, thin strand of hope for new hardware like the N8-00.

    I’ll be fast asleep when the party starts, but if you’re up and online then, go ahead and attend over at the Nokia Events site. And be sure to report back in the comments on what you find out, okay? Okay, then. Nighty night.


  • Somali Resistance Forces Ban BBC Output

    Somali Islamists ban BBC output

    By Peter Greste
    East Africa correspondent, BBC News

    The Somali Islamist movement al-Shabab has banned the BBC and closed down transmitters broadcasting the Somali language service inside the country.

    Al-Shabab accused the BBC of fighting against Islam and supporting the transitional federal government, which the rebels are fighting to overthrow.

    The group said the BBC had been broadcasting the agenda of crusaders and colonialists against Muslims.

    The BBC said it was strictly impartial and spoke to all sides in the conflict.

    The BBC has been broadcasting its services in Somali, Arabic and English across the country on a series of FM frequencies for at least a decade, and surveys suggest it is one of the most widely listened-to news services in Somalia.

    ‘Strict standards’

    Al-Shabab ordered all of the BBC’s transmitters to be shut down.

    A statement by al-Shabab demanded that any organisation transmitting the BBC, or the Washington-based Voice of America, should cancel their contracts.

    Al-Shabab and its allies control most of southern and central Somalia and all but a few districts of the capital, Mogadishu.

    They have been fighting to establish an Islamist administration of their own in place of the current government.

    The BBC’s broadcasts have been taken off the FM bandwidth, but are still available on shortwave and the internet.

    In response to the statement, the head of BBC Africa, Jerry Timmins, said the organisation spoke to all sides in the conflict, including al-Shabab, adhered to strict standards of impartiality and editorial independence and rejected any suggestion otherwise.

    Story from BBC NEWS:
    http://news.bbc.co.uk/go/pr/fr/-/2/hi/africa/8612654.stm
    Published: 2010/04/09 21:36:05 GMT

  • Insomniac Games: "We’ve got great projects to be shown at E3"

    Insomniac can’t wait for E3 to start, and with every good reason. You should be excited too, because the developer company is promising to bring in some heavy-hitters for all of you to see.
     
     
     
     

  • Prepare Yourself For A Yuan Move By July

    Chinese Tea Leaves

    12 out of 19 analysts believe a yuan revaluation will come by June 30th, according to a new Bloomberg survey. 17 out of 19 think it will happen by September 30th, and all of them think it will happen by year-end.

    So everybody thinks a revaluation of some form is coming this year, yet they are roughly split as to how it might be accomplished.

    11 out of 19 expect a widening of the yuan’s allowed trading band while the rest expect a one-off hike.

    Bloomberg:

    The trading band will be widened to between 0.75 percent and 3 percent either side of the central bank’s daily reference rate, from 0.5 percent now, the survey showed. The median estimate is for the yuan to strengthen 3.1 percent to 6.62 per dollar by year-end. Estimates ranged from 6.4 yuan to 6.8 yuan in the survey carried out since April 9.

    The analysts are more bullish on the currency than traders in the forward market. Nine-month non-deliverable yuan contracts show traders are pricing in a 2.3 percent gain in the currency from the spot rate of 6.8252 as of 8:10 a.m. in Hong Kong.

    Even traders expect a revaluation this year.

    Thus it seems the question for 2010 is how China will revalue, not if. A widening of the trading band seems to most likely since not only are the analysts above expecting it but some Chinese government officials have already said this is the likely course of action as well.

    An anonymous official was quoted by China Business News as saying “Research shows that a one-off yuan appreciation is not applicable but it’s possible to widen the yuan trading band, such as from current 0.5% to 1%,” and Zhang Junhua, the director of research at the People’s Bank of China, has said that inflation is now a greater risk than a double dip. A yuan revaluation would help temper inflationary expectations within the economy.

    Join the conversation about this story »

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