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  • Amazon Opens Kindle Up for Development: App Store Ahoy [Kindle]

    Amazon just announced that the Kindle will have its own app store, with partners ranging from publishers like Zagat to, believe it or not, game makers like EA. E-ink gaming? What?

    Says Amazon’s vice president for Kindle:

    We knew from the earliest days of the Kindle that invention was not all going to take place within the walls of Amazon. We wanted to open this up to a wide range of creative people, from developers to publishers to authors, to build whatever they like.

    In that spirit, they’ve opened up development to selected partners (not everyone, yet—a wider release will come later this month) to create apps for the Kindle platform. There’ll be three kinds of apps: Free, one-time payment, and monthly payment. Interestingly, because the Kindle is sold without a monthly fee for the wireless connection, these developers will have to pay 15 cents per megabyte for content delivery. They’ll keep 70% of the revenue after those expenses are recouped by Amazon—more info on that stuff here.

    There are also some basic limits on both bandwidth and app size. Free apps must be smaller than 1MB and use less than 100KB of data per user per month. One-time purchase apps and monthly apps both have the same data usage limit as free apps, but have a size limit of 100MB (although any app larger than 10MB can’t be downloaded wirelessly—gotta do it via USB).

    Amazon expects to start adding apps “sometime later this year,” which is a nice vague thing to say in January. They’ll also retain control over the types of apps added, restricting offensive apps, VoIP apps, viruses, that kind of thing. Now: What kind of things are we likely to see in a Kindle app store?

    The Kindle is extremely limited by its hardware, most importantly its e-ink screen. The kind of glacial refreshes that are acceptable while reading a book make it totally useless for pretty much any game. The only ones that can deal with the limited screen are essentially pen-and-paper games, like Sudoku, word games (crossword puzzles, Scrabble) and, um, hangman. Scrabble is a fair bet to make an early appearance, since it’s owned by EA, one of the two partners specifically named in the NYTimes announcement.

    Other apps mentioned include searchable travel books, like a Zagat app that could find, say, local restaurants with specific criteria. But apps like that are really better suited for smartphones, which is an argument you could make about the entire idea of a Kindle app store. We’ll have to wait until the plan actually launches before we see if it was a good decision—and who knows, by then the Apple Tablet will probably have revolutionized the publishing industry, solved the economic recession and rescued the world’s kittens from the world’s trees. [Amazon and NYTimes 1 and 2]

    Amazon Announces Kindle Development Kit—Software Developers Can Now Build Active Content for Kindle
    Travel books that suggest activities based on real-time weather and current events, cookbooks that recommend menus based on size of party and allergies, and word games and puzzles—just some of the possibilities with the new Kindle Development Kit

    SEATTLE, Jan 21, 2010 (BUSINESS WIRE) — (NASDAQ: AMZN)—For the past two years, Amazon has welcomed authors and publishers to directly upload and sell content in the Kindle Store through the self-service Kindle publishing platform. Today, Amazon announced that it is inviting software developers to build and upload active content that will be available in the Kindle Store later this year. The new Kindle Development Kit gives developers access to programming interfaces, tools and documentation to build active content for Kindle—the #1 bestselling, most wished for, and most gifted product across all categories on Amazon. Developers can learn more about the Kindle Development Kit today at http://www.amazon.com/kdk/ and sign up to be notified when the limited beta starts next month.

    “We’ve heard from lots of developers over the past two years who are excited to build on top of Kindle,” said Ian Freed, Vice President, Amazon Kindle. “The Kindle Development Kit opens many possibilities—we look forward to being surprised by what developers invent.”

    The Kindle Development Kit enables developers to build active content that leverages Kindle’s unique combination of seamless and invisible 3G wireless delivery over Amazon Whispernet, high-resolution electronic paper display that looks and reads like real paper, and long battery life of seven days with wireless activated. For example, Handmark is building an active Zagat guide featuring their trusted ratings, reviews and more for restaurants in cities around the world, and Sonic Boom is building word games and puzzles.

    “As the leading worldwide publisher of mobile games, EA Mobile has had the privilege of collaborating with many dynamic and innovative companies in bringing exciting gaming experiences to new platforms,” says Adam Sussman, Vice President of Worldwide Publishing, EA Mobile. “Working with Amazon, we look forward to bringing some of the world’s most popular and fun games to Kindle and their users.”

    Starting next month, participants in the limited beta will be able to download the Kindle Development Kit, access developer support, test content on Kindle, and submit finished content. Those wait-listed will be invited to participate as space becomes available. The Kindle Development Kit includes sample code, documentation, and the Kindle Simulator, which helps developers build and test their content by simulating the 6-inch Kindle and 9.7-inch Kindle DX on Mac, PC, and Linux desktops.






  • SHARE INVESTOR BLOG: Cadbury aquisition a good deal for Kraft

    I am still following the Kraft Inc [KFT.NYSE] acquisition of Cadbury PLC [CBRY.LSE] . A conditional deal for sale of Cadbury to Kraft has been approved by Cadbury management but it still needs the approval of both Kraft and Cadbury shareholders.

    Nearly 10% shareholder of Kraft, Warren Buffett, publicly came out against a deal on Jan 5 and today on CNBC indicated that he would have voted against the acquisition.

    The latest comment, if it isn’t just being made to blow off some steam, appears to suggest that Kraft is paying too much for the maker of Dairy Milk, Jaffas, Chrunchie , Moro and other well known brands but this is where Buffett and myself part company.

    Cadbury is a global brand and has dominance in the majority of the markets that it operates in, New Zealand is no exception.

    Because of its strong brand position globally, its potential to grow in all its markets – especially in Asia – and the largely untapped market for Cadbury in the United States -where Cadbury is a minor player – the price to be paid for full control of the company must show a healthy premium to its recent trading activity. Cadbury has a strong economic moat – good brands, with high cashflow with a reasonable barrier to entry by competitors.

    Warren Buffett seems to be ignoring this fact and it seems contrary to previous indications by him that in order to gain control of a company during an acquisition a premium is more often than not paid.

    The price being paid by Kraft for Cadbury isn’t the deal of the century but it is approaching fair price – on Kraft’s part – considering what Kraft are getting for their shareholders moola.

    Locally, New Zealand media have been speculating that Cadbury’s Dunedin factory maybe the subject of staff cuts and that local brands maybe for the cut. While this is of course possible because of Kraft’s high debt levels due to the acquisition and pre-deal debt levels, it would be folly on Kraft’s part to repeat the recent mistakes of Cadbury in New Zealand and in other global markets.

    I am having sugar overload over this deal. The Kraft acquisition of Kraft is not yet a fait a compli however, so there is still room for a diabetic attack. There is still time for other Cadbury tyre kickers like Hershey to make a higher bid for some of the sweet brown stuff.

    Cadbury @ Share Investor

    Bitter – Sweet Chocolate Business

    Cadbury could learn a thing or two from 1980’s Coca Cola Experiment

    Discuss this topic @ Share Investor ForumRegister free

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    CNBC VIDEO: Becky Quick One-On-One with Warren Buffett – 21/01/10

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    Cadbury’s Purple Reign: The Story Behind Chocolate’s Best-Loved Brand by John Bradley

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    Kraft Foods Inc. Business Background Report by ChoiceLevel Books

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  • At the Helm of the First U.S. Freshwater Studies Program — Meet Hans VanSumeren

    Hans VanSumeren has performed extensive water-related research from Maine to the Florida Keys, as far West as the Hawaiian Islands, and all the way to the bitter north of the Alaskan Bering Glacier. His latest adventure — creating the only Freshwater Studies program in the nation — is innovatively using education to combat the global water crisis.

    By Aubrey Parker
    Circle of Blue

    Hans VanSumeren is the director of the Water Studies Institute at Northwestern Michigan College

    Photo © J. Carl Ganter / Circle of Blue
    Hans VanSumeren is the director of the Water Studies Institute at Northwestern Michigan College — the only program in the nation to offer a degree in Freshwater Studies.

    In 2008 Hans VanSumeren, a water researcher and one of the most highly regarded underwater vehicle pilots in the nation, made one of those big career decisions that fits an adventurous professional ready for a change. VanSumeren left the University of Michigan, the renowned Big Ten institution where he’d spent 20 years as scientist and pilot in the university’s Ocean Engineering Laboratory, and took a new post in Traverse City as director of Northwestern Michigan College’s fledgling Water Studies Institute.

    The usual comments followed–from colleagues who called him crazy and from friends who thought he’d succumbed to a mid-life crisis. VanSumeren, however, was convinced that the same man who performed difficult and dangerous nautical missions from the Hawaiian Islands to the Alaskan Bering Glacier was also capable of taking a little-known community college water studies program into new and uncharted academic waters.

    More than a year after the 40-year-old VanSumeren assumed the directorship, the Water Studies Institute has attracted more students, developed new curriculum, and launched the nation’s first and only program to confer a two-year associate’s degree in Freshwater Studies. Interest in the degree is prompted by new trends in policy, science, technology, markets, and environmental conditions that students believe will increase demand for workers trained in water resources.

    The Water Studies Institute’s new program launched with the first classes in September. The 20 community college students—ranging in age from 17 to 54—enrolled in the program pursue a curriculum that uses Grand Traverse County’s 44 inland lakes and 132 miles of Lake Michigan shoreline as real-life textbooks and training manuals.

    “Water has been polluted and abused for a long time without a lot of protection towards its future, but now people are starting to catch on,” says Kyle LaLone, 24, a third-year student attending the WSI program.

    LaLone had intended to take a few courses at NMC and eventually transfer to another institution to finish his degree. But LaLone told Circle of Blue that he changed his mind when the Freshwater Studies degree was created.

    “More emphasis is going to be placed on water in the future, and creating this new branch of jobs is going to be a big boost for the economy.”

    VanSumeren and students from The University of Michigan traveled to Alaska to study the recently exposed areas of the rapidly melting Bering Glacier.

    Photo courtesy of Hans VanSumeren
    In 2003, VanSumeren (Left) and students from the University of Michigan traveled to Alaska to study the recently exposed areas of the rapidly melting Bering Glacier.

    The Program
    “Students don’t just learn the tool, they learn how to apply the tool,” VanSumeren says, explaining the value of a hands-on education. Coursework includes studying invasive species, monitoring pollution in nearby lakes, and examining the environmental consequences of removing three old dams on the Boardman River just a few miles from the NMC campus.

    With a degree in Freshwater Studies from WSI, graduates can continue on in a bachelor’s degree program at one of the six Michigan partner universities, or enter directly into industry jobs–working in wastewater treatment, stream data collection and analysis, or environmental and engineering consulting. The program optimizes hands-on experiences available to NMC’s students with in-the field opportunities, a research vessel, a float plane, internships, seminars with weekly guest lecturers, as well as a core curriculum in oceanography, earth science, meteorology, climatology, and watershed science.

    “We have a lot of people who really want to do this kind of work, so let’s give them the opportunity to get as much education as they can here,” says VanSumeren in an interview with Circle of Blue. “Let’s give them assets that they could not get in their first two years at the University of Michigan, or Michigan State, or any of the larger universities where you are one of thousands—versus one in tens when you get to the smaller programs here.”

    “Let’s give them assets that they could not get in their first two years at the University of Michigan or Michigan State.”

    The NMC program also makes economic sense, he added. One year of in-state tuition, including room and board, at Michigan costs more than $20,000; NMC costs $2,800 to attend.

    VanSumeren’s challenge in directing the Water Studies Institute has been considerable. The program, established in 2004, was staffed by contractors and spent much of its history as a professional enhancement vehicle for teachers—giving local community educators the chance to implement knowledge of the Great Lakes and freshwater science into their own classrooms. VanSumeren, who arrived in 2008, was the institute’s first full-time employee.

    VanSumeren and his Colombian-born colleague, Dr. Constanza Hazelwood—who serves as the institute’s education and outreach coordinator—worked for more than a year to develop a curriculum that harnesses the assets of a community college on the coast of Lake Michigan. Their program offers “three streams” of inter-disciplinary concentrations—economy and society; global freshwater policy and sustainability; and science and technology, a pre-engineering track. For the global track, Hazelwood is coordinating a student research exchange program with universities in South America that could be implemented as early as next year.

    “Michigan is near the 45th parallel and has a certain agricultural industry. If you go to the 45th parallel south of the equator you see similar crops grown—but they don’t have the same abundance of freshwater—how do they do that?” VanSumeren asks, emphasizing the benefits of a cultural exchange of ideas, methodologies, and skill sets on both sides of the border.

    “You learn a certain set of skills and competencies and you should be able to take that a lot of places. Water allows us to do that,” VanSumeren says. Graduates will be able to take their water degree anywhere, “from Traverse City to China to Chile, then back to Tennessee,” he added.

    His Credentials
    Whether it’s luck, charisma, or some mix of the two, VanSumeren has shown himself capable of easily navigating through life’s many challenges. He originally met his wife-–they share the same birthdate and the same birth hospital—in high school, although it wasn’t until a chance meeting on the streets of Ann Arbor many years later that they connected. He inherited the waterfront house that they call home. And he never faced a job interview until he applied for WSI director.

    Prior to his new post, VanSumeren was a researcher at the University of Michigan, where he worked for the Ocean Engineering Laboratory using different types of radar, backscatter, and remote sensing to characterize the ocean surface. He became an expert remotely operated vehicle (ROV) driver and was a member of expeditions that used the ROV to find shipwrecks all over the Great Lakes, as well as to investigate deep sinkholes in Lake Huron and Lake Michigan.

    In 1997, he retrieved a Ford Bronco, pictured above, that drove off the Mackinac Bridge of Michigan.

    Photo courtesy of Hans VanSumeren
    As one of the nation’s leading underwater vehicle pilots, VanSumeren has assisted law enforcement agencies with investigations and rescues for more than a decade. In 1997, he retrieved a Ford Bronco, pictured above, that drove off the Mackinac Bridge of Michigan.

    The underwater vehicle has been through its paces with VanSumeren in the pilot’s seat, so to speak. While researching in Maine, he used the ROV for seafloor mapping of lobster and scallop habitats. In the Florida Keys, VanSumeren used the ROV—equipped with special sensors to measure the health of the coral reef at multiple locations—to provide ground-truthing for a scanner that was flying above in an airplane.

    “He’s one of the nation’s best underwater vehicle pilots,” says Dr. Guy A. Meadows, the director of the Ocean Engineering Laboratory, who described the ROV as a million-dollar toy. “He became very skilled at operating the vehicle on high-quality scientific missions.”

    Sometimes trips turned bust, however, as was the case with VanSumeren’s “first ocean cruise” from Oahu to San Diego aboard the 160-foot long research ship, “New Horizon.” No data could be collected after the ROV flooded in Pearl Harbor, despite VanSumeren’s month-long efforts to fix it. Persistent, he completed the project four years later.

    During a 2003 trip to Alaska, VanSumeren and Meadows worked with an international team studying the recently exposed areas of the Bering Glacier following the massive and rapid retreat of ice coverage. VanSumeren completed hydrographic mapping of Vitus Lake, aiding in the study of the hydrodynamics of the melting glacier—while keeping a close eye out for grizzly bears.

    VanSumeren has also used the ROV to conduct body recoveries for law enforcement organizations. He helped retrieve a Ford Bronco that drove off the Mackinac Bridge in March of 1997 and—in spite of his busy schedule as WSI program director—in June of 2009, VanSumeren used the ROV to find the body of a lost swimmer in East Grand Traverse Bay.

    Even though he once had the chance to pilot the SSBN 727-Michigan—a U.S. ballistic missile submarine—around the Hood Canal in Washington during a complete missile launch “simulating World War III,” VanSumeren says the real opportunities are only just beginning to unfold for him, and for the water community at large.

    “We can make fuel. We can’t make water,” VanSumeren says. “If we price it, it’s a lot more expensive than oil.” When we start pricing water appropriately, he added, there will be large increases in job opportunities in water-related careers. As director of the WSI Freshwater Studies Program, VanSumeren sees himself as preparing students for that workforce.

    The State of Michigan,

    Photo © J. Carl Ganter / Circle of Blue
    “The State of Michigan,” a former U.S. Navy vessel assigned to the North Sea, is now a research ship based at the Water Studies Institute located on Grand Traverse Bay. VanSumeren and his students use its 56-foot sister vessel, “The Northwestern,” as an on-the-water classroom.

    The Transition
    “I hated to lose him,” Meadows said of VanSumeren’s transition. Meadows had been VanSumeren’s undergraduate adviser long before he was his employer. “This was just too good to pass up. He has a lakeside office! I don’t have a lakeside office!”

    Leaving Michigan behind was a relatively smooth transition for VanSumeren. He was raised in Traverse City and inherited a house next door to the one where he spent his childhood on East Grand Traverse Bay. He was the winning candidate among the more than 50 professionals who applied for the WSI position. And as an administrator, VanSumeren is still able to collaborate with Meadows and others at Michigan on research—only now the water he’s studying is right in his own backyard.

    “We have all these nice pieces of equipment, like this remote-operated vehicle [owned by the State Police] that I have access to whenever I want,” VanSumeren says. “Plus the tools at Michigan–I still have a good relationship with them so they let me borrow their stuff. I still collaborate with them on research. So what did I really give up when I left? Not much.”

    He’s also taking advantage of equipment available through NMC and building new partnerships. He’s turned the The Northwestern, a 56-foot ship once used by the federally recognized Great Lakes Maritime Academy based out of NMC, into a floating classroom. At Michigan, students don’t go out on research vessels until well into their second or third year of school, VanSumeren told Circle of Blue. His NMC students, however, set sail much earlier.

    “And of course there’s nothing better than getting home from work and going for a sail.”

    This summer, VanSumeren took students out on The Northwestern with state-of-the-art hydrographic survey gear to map the bottom of the bay. VanSumeren also collaborates with NMC flight students to increase efficiency in water testing. Based on his travels to remote lakes in Alaska, VanSumeren suggested that NMC use its float plane to reach lakes and streams for testing. In an eight-hour day, his students sampled 14 lakes at 22 sites—a task that would have taken at least two weeks by boat and car. The NMC flight students were already up in the air practicing their flying skills, so it didn’t cost anything extra to load the aquatic gear. The partnership through WSI and the flight school has continued, performing tests for both federal and state government agencies.

    “We didn’t have planes at Michigan,” smiles VanSumeren.

    “Coming from Michigan, a lot of people challenged me. ‘What are you going to do there? What do they have? You’re not going to have the same toys, the same activities, the same research,’” VanSumeren remembers of his last few months in Ann Arbor. “And I looked through what NMC had to offer, and I think very quickly it was, ‘You’re wrong. I have a lot more here than I do at Michigan.’”

    “The atmosphere I get to work in here—you could not put that in Ann Arbor,” adds VanSumeren. “And of course there’s nothing better than getting home from work and going for a sail.”

    Aubrey Ann Parker, an undergraduate student at the University of Michigan, is a reporter for Circle of Blue where she specializes in data visualization. Reach her at [email protected].

  • UFC 113 in Montreal moves to May 8

    After plenty of speculation that the UFC may bail from its May 1 date for UFC 113, the promotion has decided to push the event back a week. The reason? It’s all but a certainty that Floyd Mayweather and Shane Mosley will meet in Las Vegas on May 1. The UFC does not want to go head-to-head against a powerhouse boxing pay-per-view.

    This afternoon, a UFC source told Cagewriter that UFC 113 was headed
    for May 8. This evening UFC president Dana White confirmed the date
    change. The switch was made possible when the Bell Centre was able to
    move a May 8 concert. 

    "We were trying to not go the same night as boxing but these [expletive] guys can’t get out of their own way," White told Cagewriter. "I have never seen anything so unorganized, selfish and dysfunctional as boxing. It’s a joke!"

    Golden Boy Promotions has May 1 reserved at the MGM Grand Arena for Juan Manuel Marquez. If Mayweather-Mosley lands on May 1, the Marquez fight, possibly against Michael Katsidis would be moved to May 8 at Mandalay Bay with the replay of Mayweather-Mosley serving as the lead-in on HBO.

    The main event will feature a rematch from UFC 104 between Lyoto Machida and Shogun Rua. There were signs of the change earlier in the week when Machida tweeted that it was a possibility. Also rumored on the card is a Josh Koscheck-Paul Daley fight.

  • CRIKEY.COM: Buffett’s Krafty take on merger maulings

    by Glenn Dyer

    Fishpond
    SPONSOR

    CNBC VIDEO: Becky Quick One-On-One with Warren Buffett -21/01/10

    According to some academic research takeovers more than often destroy value or don’t achieve the claims made at the time of the tie-up.

    The above research paper identifies a dozen studies that have examined mergers and takeovers, some of which were positive, but quite a few found that between half and two thirds destroyed value and just didn’t work.

    Some studies seem to suggest that the bigger the deal, the more problems the merged company will have in generating the claimed higher returns.

    So is that why Warren Buffett, the billionaire investor who is the largest shareholder in Kraft, on Wednesday criticised the US food group’s $US20 billion ($A21.6 billion) agreement to buy Cadbury’s as “a bad deal”?

    Probably not. He seems to have been speaking from self-interest as his stake in Kraft will be watered down and he will find it hard to get more dividend income after Kraft boosted its debt by a third to a reported $US30 billion by buying Cadbury.

    That on its own is a sign that all those fears about the health of markets and debt a year ago have vanished.

    Buffett told CNBC, the US business television network, that he had doubts over the purchase of Cadbury and would have voted against it had Kraft sought shareholder approval for the deal.

    I have a lot of doubts,” Buffett said. But Kraft investors will not have the chance to vote on the deal, which involves the US group issuing 265 million new shares, or about 18% of its existing share capital, because that is below the 20% at which shareholder approval is required.

    The issue will dilute Buffett’s holding by more than 1%, taking his stake to about 8%, from the current 9.4% where he is the company’s biggest holder.

    Buffett said the company was worth more than its current stock price — down 2% at $US28.72 in Wall Street trading overnight, but added that the use of its shares in the takeover was “very expensive currency”.

    But he said he supported Irene Rosenfeld, Kraft’s CEO, and denied that he would sell down his stake in the group. “I like Irene,” Buffett told CNBC. “She has been straightforward with me. We just disagree.”

    Kraft finally secured Cadbury’s backing for its hostile approach on Tuesday after raising its offer to 850 pence a share by adding more cash to the offer (because Buffett had earlier indicated he would vote against any move to issue more shares than originally planned).

    The deal will prove more expensive for Kraft as its huge debt pile will become more expensive after the Fitch credit ratings agency downgraded Kraft by one notch to BBB minus, the lowest investment grade, saying “the anticipated increase in financial leverage of the combined Kraft/Cadbury”.

    Rival agency Standard & Poor’s has Kraft’s rating at A-minus but was keeping it on a negative cedit watch. Moody’s said it was likely to keep Kraft at investment grade, but the rating was under review for possible downgrade.

    The Cadbury deal will push Kraft’s debts from $US20 billion to more than $US30 billion once it has taken on $US9.5 billion of debt to fund the cash portion of the offer and assumed more than $US3 billion in Cadbury debt.

    Rosenfeld called the takeover “transformational”, but has to say something like that. After all, if the deal sours, she’s out on her neck (no doubt with a golden pile of compensation) and Warren Buffett will be poorer, but proven right.

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  • Disney restaurants

    Going to Disney in June. I was wondering if anyone has had any experiences with their food they would share.

    mom mom

  • Four More Inducted Into The Streisand Effect Hall Of Shame

    It seems that my legacy is going to be the fact that I coined the term “The Streisand Effect” five years ago, and it’s now become part of the culture. It’s great to see the concept take off, though, and it’s pretty exciting to see the EFF update the takedown hall of shame it announced last year, with four new entries, exclaiming: “Hello Streisand Effect!” For the record, here are the EFF’s four latest inductees:

    • Peabody Energy, for issuing outstandingly spurious trademark claims against a spoof site criticizing their “clean coal” group;
    • Yahoo, for an impressive attempt to return a cat to the bag after a leak of its guide to snooping services for law enforcement was posted to a whistleblower site;
    • Perez Hilton and the Miss Universe Organization for endeavoring to stop a non-profit from airing an ad commenting on a public same-sex marriage controversy initiated by their videos; and
    • Universal Music Group, for attempting to muzzle online criticism of the rapper Akon.

    Permalink | Comments | Email This Story





  • iPhone Apps Save Man Trapped in Haiti [IPhone]

    An American filmmaker trapped in the Haitian earthquake used his iPhone in some pretty ingenious ways to survive until he could be rescued 65 hours later. It’s like a digital multitool!

    Dan Woolley was caught under a pile of rubble when the earthquake hit, injuring both his leg and his head. A first-aid app instructed him on the best way to create a tourniquet for his leg and a bandage for his head, and even warned him against falling asleep after head trauma—so he set his iPhone’s alarm clock to go off every 20 minutes as a precaution.

    Evidently the strategies worked, because he survived long enough to be rescued 65 hours later and reunited with his family. I can’t figure out exactly which app he used, which is mildly inconvenient since now I’ll have to download every first-aid app I can find. [MSNBC via Wired]






  • NIGHTLY BUSINESS REPORT: Berkshire Hathway’s Class B Share Sale

    Wednesday, January 20, 2010

    Fishpond
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    SUSIE GHARIB: No more sticker shock for Berkshire Hathaway stock. At 9:30 a.m. Eastern time tomorrow, right here at the New York Stock Exchange, investors can buy Warren Buffett’s class B shares for about $70 each. That’s a lot more attractive than today’s $3,000-plus price tag. Berkshire shareholders voted yes today to split those class B shares 50 to one. Suzanne Pratt looks at whether the split really makes a difference.

    SUZANNE PRATT, NIGHTLY BUSINESS REPORT CORRESPONDENT: It’s now a lot cheaper to own a piece of Warren Buffett. Today’s stock split sets the stage for Berkshire Hathaway’s planned purchase of railroad giant Burlington Northern. But, the split is also likely to attract new investors to the oracle of Omaha, particularly those previously put off by his company’s lofty stock price. Berkshire Hathway’s class B shares are already a top holding for the Wintergreen Fund, run by David Winters.

    DAVID WINTERS, CEO, WINTERGREEN ADVISORS: People for some reason don’t want to buy a stock at $3,000. But they are willing to pay $70 for a stock. But it may in fact attract more buyers and Berkshire could go up because of it. It doesn’t make sense, but it may happen.

    PRATT: The lower price should increase trading volume and that in turn may make it eligible for the exclusive S&P 500 index. Once included, index funds would then be forced to buy the stock. But, Morningstar analyst Bill Bergman says the anticipated pop for Berkshire is not enough of a reason to buy in.

    BILL BERGMAN, ANALYST, MORNINGSTAR: That’s already in the market price for Berkshire Hathaway. The things that really matter, stock splits normally don’t matter that much, going into the S&P 500 that’s an interesting development. But, what really matters for Berkshire Hathaway is the long-run viability of its business model.

    PRATT: Many experts say the Berkshire business model gets brighter daily as the U.S. recovery picks up steam. That’s because the conglomerate is in so many economically sensitive businesses.

    BERGMAN: They sell things like (INAUDIBLE) candy and paint, Benjamin Moore paint, the basics, the fabric of our lives. So, as I think the economy improves and with the split, the stock should go up a lot.

    PRATT: But, there’s still one more big issue for Berkshire Hathaway’s stock. Buffett is still mum about who will replace him if he ever retires. Suzanne Pratt, NIGHTLY BUSINESS REPORT, New York.

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  • A lighting hackea

    A simple light hack but one that helps Stefan save energy.

    We have a dining room table light (not made by IKEA) which has 5 E14 fitting type bulbs. The original bulbs were 25W a piece, which adds up to 125W total.

    Trying to reduce our energy usage I decided to replace with the 5W Sparsam CFL’s. At first it didn’t look too pretty.

    The solution was simple: spray-paint them to a matching color and so the label text isn’t visible anymore. The result: energy usage dropped from 125W to 25W. On the last picture you can see lights 1, 2 and 5 have been replaced with the Sparsam bulbs, lights 3 and 4 are original (for comparison purposes).


  • Streaming iTunes.com Service Coming in June? [Unconfirmed]

    At the bottom of the WSJ story about the Apple tablet family sharing feature we posted earlier today, we find out that an iTunes streaming service at itunes.com could be launched as early as June. Unconfirmed, but very interesting.






  • BUSINESSWEEK: Kraft Bondholders Say Buffett Wrong on Cadbury: Credit Markets

    January 20, 2010, 11:23 PM EST

    By Bryan Keogh and John Detrixhe

    Fishpond
    SPONSOR

    Jan. 21 (Bloomberg) — Kraft Foods Inc. bonds are rallying as debt investors reject Warren Buffett’s assertion that the company’s 11.9 billion-pound ($19.4 billion) takeover of Cadbury Plc is a mistake.

    Kraft’s 6.875 percent notes due in 2039 climbed to a three- month high of 108.7 cents on the dollar yesterday, according to Trace data. The Northfield, Illinois-based food and beverage company’s bonds have returned 2.02 percent including reinvested interest this month, compared with 1.72 percent for an index of similar debt and 1.71 percent for the global corporate bond market, according to Bank of America Merrill Lynch index data.

    While Buffett said Kraft is overpaying for Cadbury by using undervalued stock to fund part of the deal, bond investors are betting the acquisition won’t jeopardize its investment-grade credit rating. Shares of Kraft have risen 2 percent since early September, just before the offer was announced.

    “It’s not as bad on the bondholders as it is on the equity guys,” said Mirko Mikelic, a money manager at Fifth Third Asset Management in Grand Rapids, Michigan, where he helps oversee $14 billion of fixed-income assets. “People in the bond market don’t think they’re going to want to jeopardize their BBB rating.”

    Elsewhere in credit markets, the extra yield investors demand to own corporate bonds globally instead of Treasuries is holding at about the lowest since December 2007 at 1.61 percentage points. Yields fell to 4.09 percent on average yesterday from 4.12 percent on Jan. 19. Credit-default swaps show investors are growing more concerned about the risk of companies failing to pay their debt.

    Kraft Bonds Rise

    Some Kraft bonds rose yesterday even after Fitch Ratings cut its default ranking to BBB- from BBB, citing the “the anticipated increase in financial leverage of the combined companies.” Kraft, the maker of Oreo cookies and Tang powdered drinks, said the deal will result in at least $675 million in annual savings and give it leading positions in India, Brazil and Mexico.

    “It’s obviously a good company to a bond investor in the sense that it’s a steady business,” said Jason Brady, a managing director at Santa Fe, New Mexico-based Thornburg Investment Management, which oversees about $55 billion, including Kraft bonds. “When you start levering up to do transformative things, I think bond investors start to get kind of nervous.”

    The takeover creates a company with about $50 billion in annual sales, displacing Mars Inc. as the world’s biggest candy maker, according to Euromonitor data. Kraft fell 63 cents, or 2.1 percent, to $28.78 in New York Stock Exchange composite trading.

    “I think this deal was a mistake,” Buffett said in a Bloomberg Television interview. “Kraft was very undervalued before. I feel it’s less undervalued after doing this deal.”

    Investment Grade

    Kraft will likely keep its investment-grade ratings, Moody’s Investors Service said. Bonds rated below Baa3 by Moody’s and BBB- by Standard & Poor’s and Fitch are considered below investment grade. The company will “no doubt” sell bonds in the U.S. and Europe to help finance the purchase, Gary Jenkins, head of credit strategy at Evolution Securities Ltd. in London, said yesterday in a note to clients.

    Credit-default swaps on the Markit CDX North America Investment-Grade Index Series 13, which is linked to 125 companies and used to speculate on creditworthiness or to hedge against losses, increased 0.5 basis point to 85 basis points yesterday, according to broker Phoenix Partners Group. A rise in the index signals a decline in investor confidence.

    The Markit index rose for the sixth day, its longest stretch of gains since August, according to CMA DataVision prices, after China asked banks to cut lending following a record $1.4 trillion of new loans last year. Asian bond risk rose to a one-month high today, with the Markit iTraxx Asia ex- Japan index reaching the highest since Dec. 18, according to CMA.

    Investors are concerned that a premature tightening of credit will crimp economic growth worldwide, said Charles Himmelberg, chief credit strategist at New York-based Goldman Sachs Group Inc.

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  • Ex-cop convicted of trying to deposit bogus $1M check

    A Cook County judge today convicted a 38-year-old Chicago woman of attempting to deposit a $1 million bogus check.

    And not only was the defendant in Wednesday’s bench trial a former Chicago police officer, but prosecutors say she attempted to deposit the bad check in her account at the Chicago Patrolmen’s Federal Credit Union.

    Circuit Court Judge William Lacy found former officer Tiffany Brown guilty of forgery, attempted theft and official misconduct.

    Prosecutors said Brown tried to deposit the check in August 2006, saying it was a windfall from a legal settlement involving Six Flags Great America amusement park in suburban Gurnee.

    Great America said the check was fraudulent.

    Brown, who had been on the force since 199, was stripped of her police powers after her arrest.

    The Associated Press

    Read the original article from Tribune News Services.


  • Battlefield: Bad Company 2: Squad Rush Gameplay Trailer

    Time for some gameplay video! We’ve got here a new one for EA DICE’s Battlefield Bad Company 2. Check out how they mix the old with the new in this display of action right here.
     
     
     

  • Agave Nectar: Healthful or Harmful?

    012110-agave-nectar.jpgWhen agave nectar burst onto the health food market, many people were excited about it as a substitute for refined sugar. But a growing body of research indicates that agave nectar — which is not, in fact, a nectar and is processed in much the same way as high-fructose corn syrup — might be as unhealthy as HFCS is purported to be.

    Read Full Post


  • Suit: Oswego police caused crash during arrest

    The Aurora Beacon-News reports: Monica Hernandez of Oswego claims in a federal lawsuit filed today against two Oswego police officers that they caused an accident while trying to stop a car driven by a suspected shoplifter last year.

    The suit says Hernandez was injured after the suspect’s car smashed into her vehicle.

    Get the full story: suburbanchicagonews.com.

    Read the original article from Tribune News Services.


  • Choosing Valentine’s Day Flowers

    Most gardeners I know are actually pretty savvy when it comes to choosing flowers for gifts. However, if you need some general tips about Valentine’s Day flowers or are simply interested in some fun facts about flowers, then read on.

    choosing valentine's day flowers

    • Which cut flowers last the longest vs. examples of some with shorter lifespans once cut.
    • The Society of American Florists helps you sort out what the meanings behind flowers. Good thing too, because Valentine’s Day is the last day you’d want to give your sweetheart flowers that stand for distrust (Lavender) or friendship (pink rose) if you’re looking for something more than friendship. Not that Lavender doesn’t rock in a Valentine’s bouquet though – the meanings list is more fun than serious.
    • Matching flowers to personalities – i.e. is your Valentine romantic, a trendsetter, or a nature lover.
    • Learn how to keep holiday bouquets looking fresh and how to make cut flowers last longer.
    • What various flower colors mean.
    • Top five flowers sold in the UK and the U.S. for Valentine’s Day – what I find odd is that carnations made both lists. I worked for a wholesale nursery but we didn’t carry Carnations so I didn’t see them sell and I personally don’t really like them much, so I’m surprised to find out they’re so popular. Maybe because they’re long lasting, but man, in my opinion there are so many better looking flowers.
    • When to order flowers – typically most flower shops say they can deliver up until Valentine’s Day even if you order at the last minute. But keep in mind, last minute flower shopping will cost you. Plus if you’re picky and want a special arrangement you really need to order before all the shops run out. At the wholesale flower shop I worked for you do not know how busy Valentine’s Day was. We’d get orders super early (months) and still we’d run out which means the shops we supplied to would run out as well – growers who supply to shops can only grow so fast. Basically the sooner you order the better for delivery. If you’re ordering and picking up from a shop, order early and pick up in the morning. Most flower shops get their flowers in early in the morning and/or make arrangements the evening before hand or early in the morning. So a morning pick-up may mean fresher, better looking flowers.

    [image via stock.xchng]

    Post from: Blisstree

    Choosing Valentine’s Day Flowers

  • BOEING | Airplane Characteristics for Airport Planning

    ∇ Airplane Characteristics for Airport Planning ∇

    NO 56K

    707
    Version: (all versions) | Document: D6-58322 | Revision: – | Date : December 1968
    http://www.boeing.com/commercial/airports/acaps/707.pdf

    717
    Version: (all versions) | Document: D6-58330 | Revision: A | Date : August 2001
    http://www.boeing.com/commercial/airports/acaps/717.pdf

    720
    Version: (all versions) | Document: D6-58323 | Revision: – | Date : March 1969
    http://www.boeing.com/commercial/airports/acaps/720.pdf

    727
    Version: (all versions) Document: D6-58324 Revision: C Date : April 1985
    http://www.boeing.com/commercial/airports/acaps/727.pdf

    737
    Version: (all versions) Document: D6-58325-6 Revision: – Date : October 2005
    http://www.boeing.com/commercial/airports/acaps/737.pdf

    747
    Version: 747-8 Document: Ground Wireless System Revision:- Date : November 2009
    http://www.boeing.com/commercial/air…ess_System.pdf

    Version: 747-8 / 747-8F Document: D6-58326-3 Revision: – Date : September 2008
    http://www.boeing.com/commercial/air…caps/747_8.pdf

    Version: 400/400ER Document: D6-58326-1 Revision: D Date : December 2002
    http://www.boeing.com/commercial/air…caps/747_4.pdf

    Version: 100/200/300/SP Document: D6-58326 Revision: E Date : May 1984
    http://www.boeing.com/commercial/air…/747_123sp.pdf

    757
    Version: (all versions) Document: D6-58327 Revision: F Date : August 2002
    http://www.boeing.com/commercial/air…aps/757_23.pdf

    767
    Version: (all versions) Document: D6-58328 Revision: H Date : September 2005
    http://www.boeing.com/commercial/airports/acaps/767.pdf

    777
    Version: 200LR/300ER/777F Document: D6-58329-2 Revision: D Date : August 2009
    http://www.boeing.com/commercial/air…777_2lr3er.pdf

    Version: 200/200ER/300 Document: D6-58329 Revision: C Date : December 2008
    http://www.boeing.com/commercial/air…aps/777_23.pdf

    787
    Version: Electrical Document: Requirements – Date : February 2008
    http://www.boeing.com/commercial/air…electrical.pdf

    Version: Wireless Document: System Revision: – Date : March 2009
    http://www.boeing.com/commercial/air…ess_system.pdf

    Version: (all versions) Document: Brochure Revision: – Date : December 2009
    http://www.boeing.com/commercial/air…87brochure.pdf

    Version: 787-8 Document: D6-58333 Revision: B Date : December 2009
    http://www.boeing.com/commercial/air…acaps/7878.pdf


    BC-17/C-17A
    Version: (all versions) Document: Brochure Revision: – Date : September 2005

    DC-3 to DC-7
    Version: (all versions) Document: Brochure Revision: – Date : December 2004

    DC-8
    Version: (all versions) Document: MDC K0369 Revision: A Date : May 1989

    DC-9
    Version: (all versions) Document: MDC J2904 Revision: F Date : June 1984

    DC/MD-10
    Version: (all versions) Document: DAC-67803A Revision: A Date : April 2004

    MD-11
    Version: (all versions) Document: MDC K0388 Revision: E Date : August 1998

    MD-80
    Version: (all versions) Document: MDC J2904 Revision: – Date : December 1989

    MD-90
    Version: (all versions) Document: MDC K9099 Revision: A Date : October 2002

    by SiLvEr@SSC per SSC Italia
    su base: http://www.boeing.com/commercial/air…n_manuals.html

  • Funeral Webcasting: Horrifying, or Totally Horrifying? [BadIdeas]

    There goes that last frontier of decency. Or did it? I could almost buy into this being at worst an unfortunate necessity, when friends and loved ones are ill or abroad. That is, until I watched the official sales pitch.

    That’s right, you can use the funeral webcast as a way to actively exclude those you don’t like from the ceremony! You can also set a password, which is great for keeping out funereal voyeurs (if those exist?), but also, you know, that cousin with the lazy eye that owes everybody money. It also suggests that you watch the funeral from the library, which is just come on already. If you’re trying to sell me on live funeral webcasting, Chris Hill, at least do it with a little dignity and tact. [Funeral Resources via Consumerist]