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How Did Brown Become the ‘Change’ Candidate?
Christopher Beam, Slate
BOSTON"”At a rally here on Sunday, President Obama told Massachusetts voters that Democratic senatorial candidate Martha Coakley would move the country forward, while her opponent, Republican Scott Brown, would move it backward. But Obama's goal, too, was to turn back time"”just not as far. He wanted to go back to, say, November 2008, when Democrats were the “change” candidates, populist anger was directed at Republicans, and voters blamed another president not on the ballot for their problems. That's one reason the Massachusetts…

Obama: The Man or the Movement?
Joan Walsh, Salon
What strange forces conspired to schedule a crucial, down-to-the-wire Senate race that Democrats can't afford to lose, almost exactly a year to the day after Barack Obama's historic inauguration? For Obama supporters, there's no time to commemorate the glorious events of a year ago. All that joy and promise has turned to dread and doubt, as a defeat for Martha Coakley on Jan. 19 could block Obama's signature policy initiative, health care reform. If she loses, Obama wakes up Jan. 20 to endless news cycles declaring his presidency, having lost its 60-vote Senate majority,…

Haiti No Stranger to Suffering
George Packer, The New Yorker
The night after the earthquake, Haitians who had lost their homes, or who feared that their houses might collapse, slept outdoors, in the streets and parks of Port-au-Prince. In Place Saint-Pierre, across the street from the Kinam Hotel, in the suburb of Pétionville, hundreds of people lay under the sky, and many of them sang hymns: "God, you are the one who gave me life. Why are we suffering?" In Jacmel, a coastal town south of the capital, where the destruction was also great, a woman who had already seen the body of one of her children removed from a building learned…

Boston Globe Puts Its Thumb on Scale for Coakley
Tom Bevan, RCP Blog

Lock on Senate is a Mixed Blessing for Obama
Michael Barone, Examiner
Year One of the Obama administration ends Wednesday. Another era may come to an end the day before, when Massachusetts voters — or at least those of them motivated enough to vote — choose a senator to fill the three years remaining in the term of Edward Kennedy, who held the seat for 47 years.If Republican Scott Brown wins that election — and at this writing he seems to have an excellent chance to do so — that election will mean the end, after just seven months, of the Democrats' 60-seat supermajority in the Senate.

With the eyes of the world on the catastrophe in earthquake-stricken Haiti, U.S. Vice President Joe Biden traveled to the site of a domestic disaster last week, unveiling a program offering financial assistance to Gulf Coast communities devastated by hurricanes Katrina and Rita in 2005.

Speaking at New Orleans’ St. Bernard Community Center on Friday, Biden announced a plan to allow local governments in Louisiana and Mississippi that received Special Community Disaster Loans (CDLs) following the storms to apply for loan forgiveness.

“This Administration continues to be deeply committed to do everything in our power to help New Orleans and the entire Gulf Coast not only restore their storied past, but build a better future,” Biden said. “Today’s loan forgiveness announcement is just another example of our common-sense approach to rebuilding in the region — we’re removing unnecessary bureaucratic hurdles and providing faster turnaround on assistance.”

In the wake of the 2005 hurricanes, the Federal Emergency Management Agency provided over $1.27 billion in Special CDLs, enabling cash-strapped local governments to continue providing essential services. But in authorizing the program, Congress prohibited FEMA from forgiving any of the loans.

The new regulation strikes that prohibition, allowing municipalities that experienced operating deficits during the three fiscal years following the storms to apply for forgiveness.

U.S. Sen. David Vitter (D-La.), a longtime advocate of loan forgiveness for hurricane-stricken Gulf communities, raised concerns about the three-year deficit requirement, since some local governments aren’t allowed to have operating deficits by law. But in his New Orleans speech, the Vice President seemed to downplay the deficit requirement, the Times-Picayune reports:

… Biden, although guided by teleprompters, seemed to brush that aside in a conversational passage in his remarks: “I advise you to apply quickly, because when you apply you going to get the right answer…. You’re going to get your money,” he said to sustained applause.

The City of New Orleans, where much of the Katrina-related destruction was caused by failed federal levees, borrowed $240 million from the feds in Special CDLs, while other local agencies including the Sewerage & Water Board and the Orleans School Board got another $218 million, according to figures from the office of U.S. Sen. Mary Landrieu (D-La.).

New Orleans used the last $10 million of its federal loan to finance operations this year. The city’s director of intergovernmental affairs, Julie Schwam Harris, told the Times-Picayune that “loan forgiveness will mean the city can wipe nearly a quarter of a billion dollars in debt off its books, improving its bond rating and potentially making it easier and cheaper to borrow capital.”

Following his trip to Louisiana, which also included a stop in a part of southwestern Louisiana hit hard by Hurricane Rita, Biden headed to Miami’s Little Haiti community to meet with Haitian-American leaders about the earthquake recovery effort, which he said would be a “long slog.”

The proximity of the Vice President’s Gulf Coast announcement to the Haitian disaster was coincidental, as Biden’s Louisiana trip was planned before the earthquake hit. But loan forgiveness has long been a pressing issue for the Haitian people, too.

Last year two-thirds of Haiti’s international debt — a total of $1.2 billion — was canceled after the country agreed to make a number of reforms. But that still left Haiti with about $641 million in debt, with about half owed to the International Monetary Fund and the InterAmerican Development Bank and the rest to lender countries including Taiwan and Venezuela. This year, Haiti owes about $10 million in debt payments to the IMF and IDB alone.

But last week’s massive earthquake centered near the Haitian capital of Port-au-Prince has led to calls for the U.S. to use its influence to encourage creditors to cancel Haiti’s debt so all of the impoverished nation’s limited resources could be directed toward recovery.

Debt-relief advocates also say that earthquake assistance for Haiti should be given in the form of grants — not additional loans like the $100 million emergency financing that’s been offered by the IMF.

After news about the landing of US Airways 1549 in the Hudson first broke on Twitter in January 2009, the microblogging service quickly captured the imagination of a new group of potential users. Throughout the first months of 2009, Twitter grew at a rapid pace, peaking at a growth rate of 13% in March 2009.

Now, however, according to the latest data from HubSpot, Twitter’s growth is slowing dramatically. In October 2009, Twitter’s growth rate had fallen to 3.5%. On a positive note, though, the average active user on Twitter today is more engaged than six months ago.

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Most Twitter users, however – even if they are now more engaged on average – still have fewer than 100 followers. Only 18% of all Twitter users have more than 100 followers. A total of 81% of all users are currently also following less than 100 people. Just six months ago, the average user was just following around 40 accounts.

HubSpot’s analysis also shows that more Twitter users now include bios (54%), links (65%) and location data (41%) in their profiles.

International Footprint Increases

As we pointed out earlier this month, social media analytics firm Sysomos also noted that most of Twitter’s growth is currently happening internationally. According to HubSpot’s analysis of over 5 million Twitter accounts, 40% of the top 20 Twitter locations are now outside of North America. In July 2009, only 15% were from outside North America.

For Twitter, this means that its current user base is making better use of the service, but the company also has to worry that its growth is slowing down. Maybe some of the earlier high growth rates were inflated by spam accounts, but a 3.5% growth rate is very low and the overall trend is only pointing down at this time.

Discuss

Heatsinks aren’t a novel energy efficient type of washing bowl, they are parts that are placed on high powered IC packages to help remove the heat more effectively and thus lower the operating temperature of the package which in turn increases reliability, can improve performance etc.  etc. Such approaches are observed in nature, from Elephants ears to the low sun apparent surface area of homo erectus. It could well be that the evolution of heatsinks also take a leaf out of nature’s book. (more…)

After a sore 2009 with production being cut and plants being shuttered, American automakers are getting ready to significantly boost car production as the economy shows some signs of recovery.

According to data from Ward’s AutoInfoBank, the industry plans to produce 2.93 million cars and trucks in North America between Jan. 1 and March 31, an increase of 69% from 1.73 million built in the first 3 months of 2009. Nonetheless, that’s still significantly less than the 3.58 million vehicles produced in the first quarter of 2008.

“Consumers may be scared, but they don’t like that rusting hulk in the driveway,” said Sean McAlinden, chief economist with the Center for Automotive Research in Ann Arbor. He forecasts 2010 U.S. auto sales to hit 12.4 million.

According to R.L. Polk & Co., the average age of vehicles in American driveways has increased from 6.7 years in 2001 to 8.1 years in 2008.

– By: Omar Rana

Source: Free Press

TransferJet is a close-proximity wireless transfer technology Sony introduced in 2008. The idea is to let two electronic devices quickly exchange data (theoretically at up to 560 Mbps) just by bringing them close together (touch is possible, too). By way of comparison: The data transfer rate for Bluetooth Version 2.0 + EDR stands at just 3 Mbps.

Toshiba announced during IFA in Berlin last year they are planning to use the technology in their products soon. And now Sony made its move, too (if you don’t count the TransferJet-compatible LSI Sony announced in November).

The company is preparing a number of computers and digital cameras that support TransferJet, enabling users to transfer data between these devices as long as they are no more than 3cm apart (Bluetooth: about 10m). Sony made several big product announcements yesterday in Tokyo, but Sony’s American website shows that some devices featuring Transferjet actually will be available in the US earlier than in Japan.

Sony already lists the DSC-TX7 (pictured above) in their American online store for $400 (to be shipped on January 25), while the DSC-HX5V will set you back $350 and will be available from March 15 in the US (in Japan, both models will go on sale next month). An 8GB Memory Stick with TransferJet is listed in Sony’s American online store for $100 (release date in the US: February 8).

America will also get TransferJet-compatible Sony notebooks (Vaio F series) soon, it seems. This model, the VPCF11MFX, for example, is already listed and has a price tag of $1,720 but lacks a release date as of this writing (in Japan, a total of three Vaio F computers will hit stores as early as this Saturday).

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The National Business review has an article on the expanding geothermal power industry in New Zealand – Mighty River Power tests $430m geothermal project, lodges consent for another.

Mighty River Power is a step closer to completing its $430 million Nga Awa Purua geothermal power station and has lodged consents for another $400 million geothermal station at Ngatamariki, near Taupo.

The state-owned company said testing at Nga Awa Purua was conducted over the weekend and electricity was added to the national grid.

The 132 MW station north east of Taupo, is a joint venture between Mighty River and the Tauhara North No. 2 Trust and is a welcome new addition to electricity reliability to the peak North Island, the company said.

Maximum output, expected in April, will provide power to 130,000 homes – or the equivalent of every home in Hamilton, Tauranga, Rotorua and Taupo. Until then, testing will continue, with electricity added to the grid in stages.

The planned station at Ngatamariki, 17 kilometres north east of Taupo, is also in partnership with the trust.

Mighty River Power chief executive Doug Heffernan said it had been fortunate to develop a cooperative business model with Maori Land Trust partners, including Tauhara North No. 2 Trust, that enabled such projects to be feasible, given the significant capital investment needed.

“At $430 million for Nga Awa Purua; $300 million for Kawerau; and at least $400 million for Ngatamariki, its easy to see how we are nearing the end of our initial $1.2 billion geothermal investment programme,” he said.

“These are great projects that are providing a secure source of renewable electricity to help power the New Zealand economy.”

GOOD MORNING. stocks in Asia closed mixed today; U.S. futures are pointing to a lower open.

Of course, the history of big “transformational” deals is littered with failures, and integrating the supply chains, manufacturing plants and global operations of such large firms will be no easy feat. Kraft has been trying to decentralize operations, while Cadbury has been streamlining its business units—both aimed at improving profitability. “We have great respect for Cadbury’s brands, heritage and people,” said Kraft CEO Irene Rosenfeld in a statement. The challenge now: coming up with a joint recipe for success.

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SwitchGames is a game trading site that has ridden the wave of demand for used games. Today, the company says its users are now offering more than 100,000 items for trade on its peer-to-peer game trading community.

The New York company, which was a finalist in the GamesBeat 2009 startup competition, makes it easy to trade games quickly and safely without fear you’ll be ripped off. The company hit its 100,000-item milestone in less than a year, said company founder Jason Crawford.

Overall, used games are a $3 billion business. Much of that is traded through GameStop retail stores. But users don’t get paid very much, while GameStop resells the games for a tidy profit. SwitchGames instead empower users so they can get much better deals.

The selection adds up to 43 percent of all current-generation console games that are available on eBay. At this rate, Crawford predicts that his site will have more games available than on eBay, the biggest site for used game sales. Some game publishers and developers hate used game sales because they say it hurts new game sales. But SwitchGames argues that gamers wind up purchasing more new games because of the value they get by buying and selling used games.

The company has three full-time employees and launched 11 months ago. Rivals include Goozex and Swaptree. Goozex charges a $1 fee per transaction and has more than 10,000 games available. Swaptree charges for postage and has 2,727 games available. By contrast, SwitchGames allows for free trading and allows gamers to send their games directly to each other. It is funded by angel money, as well as friends and family.

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Boku is on a roll. The mobile payments company bought two companies, combined them and, in June, launched its service, which lets people pay for online goods and games with their mobile phone accounts. Now it has raised $25 million in a third round of funding.

The San Francisco-based company was one of the finalists in our startup competition at MobileBeat. Now its service is available in 58 countries, and it has more than 1,000 online merchants, game publishers and others using its service. DAG Ventures led the round, and investors Benchmark Capital, Index Ventures and Khosla Ventures also participated.

Boku lets users pay for an item simply by using their mobile phone number. On Facebook, for instance, you can pay for a virtual good in a game using your phone number, which is often easier than remembering our credit card number, says Ron Hirson, senior vice president of product and marketing. Boku verifies the transaction by sending a text message to your phone. You then reply by hitting ‘y’ in a return message. Then the charge for the item shows up on your next mobile phone bill.

This works great for people who want simple payment, and it’s also great for people who don’t have a credit card. Customers vary from 35-year-old mothers playing FarmVille on Facebook to people living in Singapore who don’t have their own credit cards.

The amount of money raised is impressive. So is Boku’s speed. The company has agreements with 190 carriers around the world. In June, it announced it had raised $10 million and was buying two mobile payments startups, Paymo and Mobillcash. (Prior to that, it had raisd $3 million). In the past month, the company announced 12 new partnerships with online game developers.

The hiccup for the moment is that Boku relies on phone carriers to complete the billing transaction. For that service, the carriers collect a hefty fee. But Hirson said he believes that the mobile carriers will lower the fees this year to kickstart business.

The company was founded in 2008 and it has 50 employees. Competitors include Zong, PayPal, credit card companies and other direct payment providers. Zong in particular has an interesting twist: It lets you use your mobile phone number to pay for something, but instead of charging the transaction to your cell phone bill, Zong charges it to your credit card. That means you avoid the big cell phone carrier charges.

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You have to love a good clash of legitimate titans, and they don’t get much bigger than Google and China. After deciding to stop censoring its Google.cn results, the Mountain View company of evil-non-doers has stepped up its offensive with the announcement that two Android phones — one from Samsung and one from Motorola — which were slated to make their arrival on China Unicom on Wednesday have now been postponed. We’ll read between the lines and guess that the phones will be “postponed” if China plays nice, or “never gonna happen” if it doesn’t. Google seems intent on demonstrating the full impact of its potential withdrawal from China, and this show of its sway with mobile manufacturers will hardly go unnoticed.

[Thanks, David Casteneta]

Google’s spat with Chinese government causes ‘postponement’ of Android phones originally appeared on Engadget on Tue, 19 Jan 2010 07:10:00 EST. Please see our terms for use of feeds.

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Whoa, we just hit yet another major performance milestone in removable storage. Silicon Power is touting the world’s first 128GB 400x Compact Flash card with write speeds of 90MBps and support for PIO Mode-6 (as defined by CompactFlash spec 2.0) and Multi-Word DMA 4 (as defined by CompactFlash spec 2.1) transfer mode in quad-channel configurations. In other words, it’ll play nice with new HD video capable DSLR shooters. Unfortunately, the card is only being announced today — no price or ship date in the press release. Sigh.

Silicon Power crams 128GB into 400x Compact Flash card: a world’s first originally appeared on Engadget on Tue, 19 Jan 2010 07:04:00 EST. Please see our terms for use of feeds.

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Oh, this is as tasty as it is salacious. Acer founder and former chairman (now retired) Stan Shih has come out with the bold prediction that US computer brands are on the way out — if they do not adjust to the new reality of a PC market focused on low cost. When asked how he foresees Acer and ASUS establishing their brand credentials in the USA when they’re engaged in constant price wars, Shih resolutely stated that lowering costs and prices is the way to do it. Drawing an analogy to the fate of US television brands (pow!), Shih pointed out his belief that American vendors aren’t capable (slap!) of delivering the sort of affordability that the market is set to permanently demand. As harsh as his words may be, let’s not forget Acer recently jumped Dell for the number two spot in volume of global sales, so let’s not ignore what may in fact be prophecy rather than mere prattle.

CE-Oh no he didn’t! Part LXVI: Acer founder predicts extinction of US PC makers within 20 years originally appeared on Engadget on Tue, 19 Jan 2010 06:28:00 EST. Please see our terms for use of feeds.

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Well NOW we know why Robin Givhan has been penning those poisonous  hit pieces on First Lady Michelle Obama, she has a book coming our called “Michelle.” We thought the “look at me” venom was because Craig Robinson stood Robin up when they were all at Princeton, but nope, its pure “look at me” capitalism at work.  Now it all makes sense. Here is the video from the Today Show

Visit msnbc.com for breaking news, world news, and news about the economy

Okay so Aminah, I’m going to lock myself in an undisclosed location in February and not leave until I have a book proposal because we can’t leave the historical record up to Robin Givhan.

All the Best!

Gina

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Here at jkOnTheRun, we have some of the smartest and most well informed readers around when it come to mobile devices. With this in mind, we wondered what would happen if we asked you your thoughts about tech products such as smartphones and web tablets.

So, working with our colleagues over at GigaOM Pro, we present a short survey asking about just that. We also think you would love to see the results, so if you take the survey, we’ll send you an executive summary of the report we’ll produce for GigaOM Pro, and we’ll also be posting some results on jkOnTheRun as well.  And if that doesn’t compel you, if you take the survey you might win one of two $50 Amazon gift certificates we’ll be giving away to those here who take the survey.

And  just so you know, these results are only going to be used for this survey and analysis for a report (which you’ll get the summary results for in PDF), and nothing else.

So head on over, take the survey.  It’ll only take a few minutes. You’ll also get some interesting analysis as well as maybe some free Amazon $.

Paramount Studios has hired Saw VI director Kevin Greutert to step behind the camera for the eagerly-anticipated Paranormal Activity sequel, The Hollywood Reporter said Tuesday. Paranormal Activity 2 hits theaters Oct. 22, going head to head against the latest Saw movie at the box office this Halloween.

Oren Peli, who directed the original Paranormal Activity as an independent film, will produce the follow-up.

Paranormal Activity – who was shot on budget of just $15,000 — grossed more than $150 million at the international box office last year after gaining momentum via an online campaign. The critically-acclaimed horror hit is the most profitable film in Paramount’s history.

Whoa, the dispute between China and Google just got even more messy, with Google being forced to delay the launch of two Android phones from Motorola and Samsung on the China Unicom carrier.

The launch was initially slated for tomorrow, but with Google announcing last week they’d no longer be censoring search results in China—and then being attacked by Chinese hackers—it’s not at all surprising. There’s no word on what exactly will make Google go ahead with the launch as planned, but I’m willing to bet my last dollar that the main stipulation is for China to allow Google to continue with its plight against censorship. [AFP]

LONDON (Reuters) – Kraft Foods (KFT.N) agreed a deal to buy Cadbury (CBRY.L) for around 11.9 billion pounds ($19.6 billion), creating the world’s top confectioner after frantic last-minute talks broke an impasse over price.

Kraft’s CEO Irene Rosenfeld had to inject more cash into her bid and drop the number of new Kraft shares in the offer to win over Roger Carr, chairman of the 186-year-old Cadbury and mollify her top shareholder, billionaire investor Warren Buffett.

Kraft’s cash-and-share acquisition, which dealmakers said was struck after all-night negotiations at the London headquarters of investment bank Lazard, values each Cadbury share at 840 pence, with shareholders also set to get a 10p special dividend, bringing it to a total of 850p.

The enlarged group will pip privately owned Mars-Wrigley to the title of the world’s top sweet maker, bringing under one roof Cadbury’s Dairy Milk chocolate and Trident gum and Kraft’s Milka, Toblerone and Terry’s chocolate brands.

Cadbury shares hit a record high of 838 pence in early trade and were up 3.3 percent 834.5p by 1154 GMT (6:54 a.m. EST).

“We believe this is a very well-priced, and well-structured, deal from a Kraft perspective and we expect Kraft’s shares to open higher this afternoon which could push the value of the offer above 860p,” said Panmure Gordon analyst Graham Jones.

Kraft shares traded in Frankfurt (KFT.F) were up 0.4 percent.

The new bid, which won unanimous recommendation from the Cadbury board, consists of 500p of cash and 0.1874 new Kraft shares, compared to Kraft’s original offer of 300p cash and 0.2589 new Kraft shares, which valued the shares at 745p in September, when the deal was first proposed

Buffett, who owns a 9.4-percent stake in Kraft, had warned Rosenfeld not to overpay and issue too many new Kraft shares, and Kraft responded on Tuesday by saying it was issuing 265 million new shares compared with its original plan to issue 370 million.

“We have great respect for Cadbury’s brands, heritage and people. We believe they will thrive as part of Kraft Foods,” Rosenfeld said in the offer statement.

She increased Kraft’s annual cost savings target to at least $675 million by year three, up from $625 million, but made no mention of possible job losses at Cadbury 46,000 global workforce. She told Reuters in an interview that she found additional synergies after speaking to Cadbury’s Carr.

One leading Cadbury investor, Standard Life Investments (SL.L), with a just-under-1-percent stake, said it supported the board’s decision to recommend the Kraft offer.

“We are supportive of the management’s decision although the achieved price is slightly light of our stated target,” said David Cumming, head of UK equities at Standard Life.

COUNTERBID NOT SEEN

Analysts say a counter bid for Cadbury is unlikely. The UK Takeover Panel gave Hershey (HSY.N), the U.S.-based maker of Hershey’s Kisses and Reese’s peanut butter cups, and Italy’s Nutella chocolate spread and Tic-Tac candy maker Ferrero until January 25 to make a firm bid.

Cadbury shareholders now have until February 2 to decide whether to accept a deal that values the shares at 13 times the group’s estimated earnings before interest, tax, depreciation and amortization in 2009.

“Looking at precedent transaction multiples around 15 times, if Kraft can get one of the best consumer staples for 13 times, then good luck to them. It gives Kraft the growth engine they’ve been craving for years,” said analyst Warren Ackerman at brokers Evolution Securities.

Kraft said the deal would be accretive to 2011 earnings by around 5 cents on a cash basis and give a mid-teens percentage return on investment, well in excess of Kraft’s cost of capital.

Cadbury unions have opposed the move fearing big job cuts and UK politicians have also weighed in, with general elections looming, and UK Prime Minister Gordon Brown told a news conference after the deal was announced that he wanted to protect investment and jobs at Cadbury.

“The one thing I want to say is this: we are determined that the levels of investment that take place in Cadbury’s in the United Kingdom are maintained,” he said.

Felicity Loudon, a fourth generation member of Cadbury’s founding family was appalled that the iconic chocolate maker looked destined to fall to Kraft, and believes that jobs will be lost and that Cadbury chocolate will never taste the same.

“I’m horrified, we shouldn’t give up. I just think there’s a cultural imbalance. For a quintessentially, philanthropic iconic brand to sell out to a plastic cheese company – there’s no mix there,” she told Reuters.

(Additional reporting by Paul Sandle, Keith Weir, Sharon Lindores and Brad Dorfman) (Reporting by David Jones; editing by Dan Lalor and Sitaraman Shankar)

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