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  • REPORT: U.S consortium now in lead for Volvo purchase

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    Just about a month ago, news hit the interwebs that Chinese automaker Geely officially became Ford’s preferred bidder for Volvo once concerns over intellectual property were sorted out. Today, though, we’re hearing that Crown, a consortium led by former Ford director Michael Dingman, former Ford and Chrysler LLC executive Shamel Rushwin and ex-Volvo CEO Roger Holtback, is gaining momentum in its bid for the Swedish automaker after submitting a revised proposal.

    If reports from The Wall Street Journal and Reuters are accurate, Crown’s new bid is “on par” with Geely’s $1.8 billion offer and is backed by both Swedish and Chinese investors and banks. Not surprisingly, Ford has yet to comment on the speculation, though it has said that talks with Geely are already at an advanced stage. Stay tuned.

    [Sources: The Wall Street Journal; Reuters]

    REPORT: U.S consortium now in lead for Volvo purchase originally appeared on Autoblog on Thu, 03 Dec 2009 15:40:00 EST. Please see our terms for use of feeds.

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  • Hedge Funds Love Activision’s “Call Of Duty”

    videogame girl

    Over a dozen hedge funds have invested in the video game company, Activision, according to Reuters.

    The massive investment is a bit surprising, because the video game market is down 12% this year in the US.

    But Activision A(TVI) shares are up 30% this year, mostly due to the release of the monster hit “Call of Duty.” The gaming company also has recurring revenue from “World of Warcraft,” and “Starcraft 2” is set to be released next year.

    Reuters: “The expectation for ‘Call of Duty’ is probably what they were trading into,” said Janco Partners analyst Mike Hickey, regarding fund manager’s buying shares. “You think these things are already priced in, but it never seems to be.”

    Soros Fund (who bought 22,000 shares), Singh’s TPG Axon Capital (who bought 4.3 million shares), Adage Capital, and Carlson Capital are among those who have invested.

    Read the full story >

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  • Google Public DNS: 8.8.8.8 and 8.8.4.4

    Today Google unveiled its new project: Google Public DNS. It means now anybody can use Google’s DNS servers for resolving domain names into IP addresses and back. According to Google it should speedup browsing as well as security. Hope I won’t see adsense ads once tried to load expired domain name (that’s how OpenDNS acts today).

    Here are easy-to-remember Google Public DNS IP addresses: 8.8.8.8 and 8.8.4.4.

    In order to set up Google public DNS to your Linux settings place the following lines into /etc/resolv.conf:

    nameserver 8.8.8.8
    nameserver 8.8.4.4

    Use command dig @8.8.8.8 linuxscrew.com to test how long it takes to resolve linuxscrew.com:

    artiomix@artiomix-laptop:~$ dig @8.8.8.8 linuxscrew.com
    ...
    ;; ANSWER SECTION:
    linuxscrew.com. 51844 IN A 69.164.195.222

    ;; Query time: 80 msec
    ;; SERVER: 8.8.8.8#53(8.8.8.8)
    ;; WHEN: Thu Dec 3 21:53:29 2009
    ;; MSG SIZE rcvd: 48

  • Piracy Harming African Culture… Because Some Professor Says So

    Shocklee points us to an odd, totally unsubstantiated article by a University of Southern Illinois professor insisting that “piracy” is creating tremendous harm to West African content industries. This goes against numerous studies, including those by the WTO on how developing nations often should have less stringent intellectual property laws while they’re developing. The article is based on some simple conjectures: that even with low budgets, films made in Nigeria are having trouble making money and it’s all the fault of piracy — first from lost sales, but also because people are pirating high budget American films as well. Basically, the argument is that if people can get those high budget films at the same “pirated” cost as local films, of course they’ll go for the high budget films, and thus destroy the local film industry.

    Of course, that assumes that in the absence of “piracy” prices to see foreign films or to buy their DVDs scale relative to their budget. That’s simply not true. Movie tickets and DVD prices do not scale based on the budget of the movie. The professor doesn’t seem to mention the fact that most films (especially the low budget kind) struggle to make money in the first place. He just assumes that it’s because of piracy. He neglects to mention that there are plenty of business models beyond selling DVDs. He does mention that people seem to prefer local content, but then ignores that in his very next sentence, saying that local content “can’t compete.” Even though he just said that the market demands local content.

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  • Rail Traffic Still Negative Despite Really Easy Comps

    (This guest post originally appeared at the author’s blog)

    Rail traffic continues to decline despite very easy year over year comps.  In a sure sign of tepid recovery, we continue to see improvement off the lows, but a still very meager traffic trends.  A recovering economy would have no problem overcoming the very low levels of last fall, but we actually continue to see declines.  Total intermodal traffic was down 6.4% versus 2008 and down a staggering 32% versus 2007.  The recovery on Wall Street might be real, but it’s certainly not real on Main Street as these numbers clearly show.   A few commodity groups are showing strong year over year climbs, but all data is still very weak compared to 2007.

    rail train

    The AAR reports:

    ———–

    The Association of American Railroads today reported that freight rail traffic was down for the Thanksgiving holiday week ended Nov. 28, 2009. U.S. railroads reported originating 246,133 carloads for the week, down 3.9 percent compared with the same week in 2008 and down 29.3 percent from the same week in 2007. The comparison week from 2008 included the Thanksgiving Holiday, while the 2007 comparison week did not. In order to offer a complete picture of the progress in rail traffic, AAR will now be reporting 2009 weekly rail traffic with year over year comparisons for both 2008 and 2007.In the Western U.S., carloads were down 3.8 percent compared with the same week last year, and 23.9 percent compared with 2007. In the East, carloads were down 4.3 percent compared with 2008, and 37.3 percent compared with the same week in 2007.

    Intermodal traffic totaled 165,856 trailers and containers, down 6.4 percent from a year ago and 32.1 percent from 2007. Compared with the same week in 2008, container volume dropped 0.9 percent and trailer volume dropped 27.2 percent. Compared with the same week in 2007, container volume fell 26.2 percent and trailer volume dropped 51.9 percent.

    While 10 of the 19 carload freight commodity groups were down compared with the same week last year, increases were seen in nonmetallic minerals (38.1 percent), grain (21.3 percent), farm products not including grain (20.1 percent), motor vehicles and equipment (15 percent), chemicals (13.2 percent), grain mill products (11.5 percent), metals and products (11.2 percent), metallic ores (3.1 percent) and petroleum products (2.2 percent). Declines in commodity groups ranged from 0.9 percent for crushed stone, sand and gravel to 28.3 percent for coke.

    Total volume on U.S. railroads for the week ending Nov. 28, 2009 was estimated at 27.6 billion ton-miles, down 3.8 percent compared with the same week last year and down 25 percent from 2007.

    For the first 47 weeks of 2009, U.S. railroads reported cumulative volume of 12,571,696 carloads, down 17.1 percent from 2008 and 18.2 percent from 2007; 8,967,824 trailers or containers, down 15.5 percent from 2008 and 18.3 percent from 2007, and total volume of an estimated 1.35 trillion ton-miles, down 16.2 percent from 2008 and 16.7 percent from 2007.

    Source: AAR, Railfax

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  • UPDATE: U.S. bound Mitsubishi Colt will be an all-new global small car

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    Yesterday, we reported that Mitsubishi is bringing its small, B-segment Colt to our shores. And that’s true, mostly. What we’ve learned between now and then is that Mitsu isn’t bringing over the current Colt, but rather the replacement for the current Colt, i.e. the next Colt. In fact, Mitsubishi Motors Corp. President Osamu Masuko said as much during last month’s Tokyo Motor Show. Here’s what he told Automotive News:

    “Mitsubishi will follow that with a global small car in 2012. That car will be smaller than the Colt, which is sold in Japan and Europe, and will have a 1.0- to 1.3-liter gasoline engine. A plug-in hybrid version and all-electric version of the global small car are scheduled for 2013. Mitsubishi is studying which of those would best suit the United States.

    The scoop, then, is that this new global small car will be called Colt. As opposed to say, Havasu.

    [Source: Automotive News – Sub. Req.]

    UPDATE: U.S. bound Mitsubishi Colt will be an all-new global small car originally appeared on Autoblog on Thu, 03 Dec 2009 15:20:00 EST. Please see our terms for use of feeds.

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  • A New Natural Treatment for Osteoarthritis

    No one wants to wake up in the morning with stiff, achy joints; but the reality is that twenty-one million people live with the stiffness and pain of osteoarthritis every day of their lives. Because of the side effects of anti-inflammatory medications, some people turn to natural alternatives for relief of painful osteoarthritis. One of the most commonly used natural treatments is glucosamine. Glucosamine for osteoarthritis is a natural supplement found in many health food stores that helps to rebuild cartilage damaged by the ravages of osteoarthritis. Unfortunately, not everyone experiences relief from taking glucosamine and studies have shown mixed results. Now, new research suggests that combining glucosamine with omega-3 fatty acids may be a more effective treatment than using glucosamine alone for osteoarthritis pain

    Glucosamine for Osteoarthritis: Better Results with Omega-3’s?

    In this study, published in the journal Advances in Therapy, researchers gave 177 volunteers with moderate to severe osteoarthritis of the hips or knees a glucosamine sulfate supplement or glucosamine plus omega-3 fatty acids for twenty-six weeks. At the end of this period, the participants were given tests to determine their degree of pain. The researchers found that the participants who took the combination of glucosamine and omega-3’s had less painful osteoarthritis symptoms and experienced reduced early morning stiffness.

    Why Do Omega-3’s Help the Pain of Osteoarthritis? Read more…

  • What’s in a Dream? Sleep Study Results.

    Healthy young adults experience dream-enacting behavior. Most of us have had that experience of waking to find we’re subtly acting out a dream, right?

    In a recent study, “Dream-Enacting Behaviors in a Normal Population,” researchers at the Université de Montreal in Canada found that more than 50% of study participants awakened from a dream to discover they were talking or crying. They also found themselves waking up while acting out an angry or defensive behavior like punching or kicking, or other actions like waving or pointing.

    sleep-terror

    Women in the study experienced more speaking, crying, fear and smiling/laughing than men. However, men reported more sexual arousal in their sleep. Of all participants, 78% reported awakening from an erotic dream to find that they were sexually aroused. Plus, 72% reported awakening from a happy dream to find themselves smiling or laughing. The study results were published in the December 1 issue of the journal Sleep.

    In the same issue of Sleep, researchers in Paris, France reported that people experiencing sleepwalking or sleep terrors (night terrors) may be acting out dreamlike thoughts. Research findings reveal that 71% of the study participants claimed at least one incident of “dreamlike mental content” linked with an episode of sleepwalking or sleep terrors. In addition, the action in the dreamlike thoughts corresponded with the observed behavior. The published article is “Dreamlike Mentations During Sleepwalking and Sleep Terrors in Adults.”

    “The results are surprising, as it is commonly reported that sleepwalkers and patients with sleep terrors do not remember dreaming,” said principal investigator Isabelle Arnulf, MD, PhD, neurologist.

    As someone who experiences sleep terrors from time to time, I can say the study makes sense to me. I sometimes remember dreams associated with sleep terrors, but not always. I have also found myself acting out those dreams by either sitting up in bed or standing up while trying to escape the unpleasant dream, which is usually that someone is standing over the bed. And, of course, there’s the loud screaming I often don’t remember.

    Do you act out dreams or experience any sleep disorders like terrors or sleepwalking?

    (Image via stock.xchng)

    Post from: Blisstree

    What’s in a Dream? Sleep Study Results.

  • HP Glisten hardware tour

    MobilitySite has unboxed the HP Glisten and given the device a brief hardware tour. The Windows Mobile 6.5 Professional smartphone with its front-facing keyboard appears to compare pretty well with its other front-facing competition and has a cool, professional look which should see it fit in pretty well in a suite pocket.

    We look forward to seeing more on this device soon.

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  • Ezio costume for Sackboy sneaking into PlayStation Store

    It’s been more than a year since LittleBigPlanet and Sackboy came along, but the little guy still hasn’t lost his knack for dressing up as other video game characters. This time, he’d like to think he’s in

  • VIDEO: 2011 Ford Mustang with 305-HP V6 gets seen and heard in motion

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    2011 Ford Mustang – Click above to watch the video after the jump

    The 2011 Mustang is only one year removed from a major refresh, but that didn’t stop Ford from adding a host of upgrades, especially to the V6 model, to better-compete against its new pony car competition. While we certainly don’t discount the V6 Stang’s new suspension and packaging updates, the big story resides under its bonnet. The new 3.7-liter V6 packs 305 horsepower mated to a six-speed auto tranny (a six-speed manual is also available, but you lose 1 mpg) giving the new Mustang a big advantage over its predecessor while reportedly delivering the 30 mpg efficiency the masses are looking for.

    We got our hands on some b-roll video of the new Mustang V6, with both static and moving shots. If that’s not a good enough reason to watch there is also some aural pleasure courtesy of the new 3.7-liter V6. Unfortunately, the engine sounds are only audible when the Stang is in park but it still sounds pretty meaty when inside the cockpit. Hit the jump to see and hear the 2011 Mustang V6 in action.

    [Source: Ford]

    Continue reading VIDEO: 2011 Ford Mustang with 305-HP V6 gets seen and heard in motion

    VIDEO: 2011 Ford Mustang with 305-HP V6 gets seen and heard in motion originally appeared on Autoblog on Thu, 03 Dec 2009 14:59:00 EST. Please see our terms for use of feeds.

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  • Video: Surprised Kitten

    This video of a surprised kitten has been making the rounds like crazy, and it’s easy to see why! If your day needs a little brightening, just hit play:

    In the video, the little grey and white kitten is getting tickled (and trying for some finger nibbles), but when the tickler throws her hand up, the kitten, surprised, follows suit.

    There’s no way I could get our resident foster kittens to follow suit on this one, they’re much more interested in remaining upright and ready to pounce, as opposed to lounging on their backs getting tickles. Oh well!

    The only problem with the video is that it’s only 17 seconds long!

    Post from: Blisstree

    Video: Surprised Kitten

  • Unfashionable Nonsense: Coming Soon to an Armchair Near You!

    Another quarter down and another break is nearly upon us. During these breaks, I always set my sights upon the same goal and I must admit, I’ve never quite achieved it. Maybe some people catch up on sleep or read for pleasure, but I find neither of these diversions particularly alluring. Instead, I try to watch enough television to catch my yearly average up with the average American. I don’t do this for the honor or the money, but simply for that indescribable elation I feel for fitting in with my kin, even in this small way. But this is not an easy goal, since I’m usually behind by break and this year in particular has snuck up on me. In order to make my yearly tally, I’ll have to watch about 78 hours of television each day and, frankly, after factoring in the time it takes me to amble from my bedroom and open the kitchen cabinet on six separate occasions only to be disappointed, I’m going to be pretty busy.

    Even though I don’t watch that much at school, TV does satisfy me, in its way. The Food Network tells me what to eat, TLC tells me how to dress and the History Channel teaches me about UFO cults and feral children. This season, though, I won’t be watching nearly as many Gilmore Girls reruns because some especially promising political issues are on tap for nuanced debate over the next few weeks on FOX and MSNBC. I’ll be tuning into the following, in hopes that someone wins, someone loses and someone goes home crying to their mom when Nancy Pelosi shoots them “the look”:

    Health care: After six months of watching this slow-motion car crash, will the President finally get the Christmas/Hannukah/Kwanzaa/Festivus gift under the metaphorical tree, or will the Blue Dog scrooges deny him reform in a direct affront both to Democratic leadership and the spirit of the season? Will the public option be in the stocking? And will it be the robust Godiva option, or the crappy Russel Stover version that gets thrown away as useless on the 26th?

    Afghanistan: The commander-in-chief (also known as ditherer-in-chief in Cheney parlance) made an announcement this Tuesday, but we still have all of December to hand wring over Europe’s commitment to the war before the international conference in London. Since there are approximately zero “good” options and a lot of “sort of OK” ones, perhaps the only guarantee is that rhetoricians will have a heyday. Predicted frequently used terms: “throwing our allies under the bus,” “dither” (seriously, you could play a drinking game<\p>–<\p>take a shot for every op-ed you read on Afghanistan with this word in it), “back his oratory with a stick,” “a million dollars per troop per year,” and “what would Sarah Palin do? Gosh darn that she’s not in office.” OK, maybe not that last one.

    Marijuana: Attorney General Eric Holder, relieving the anxieties of those who smoke pot to relieve their anxieties (and sundry other ailments), has declared an armistice, if you will, in the “War on Drugs,” insofar as the feds will no longer use random and irrational terror as a method of controlling marijuana distribution. While you might suspect the raids became prohibitively expensive after Southwest jacked up their Fun Fares from D.C. to California, it’s most likely because Miss New Jersey “outed herself as a stealth marijuana user to treat her asthma.” Activists, reasonably, are interpreting this as a call to fight for full legalization so we can tax it and, in turn, have enough money for our school systems to start teaching students about the respiratory system again.

    Gitmo: Looks like Obama reduced, recycled and reused his 2009 New Year’s Resolution into being his 2010 Resolution. How fun!

    Global Warming: Speaking of recycling, just when it seemed like things would go swimmingly with Mr. Obama traveling to Copenhagen on a mission to save the world from carbon emissions, some hackers fished up thousands of e-mails and documents from a environmental research center purportedly filled with titillating stories of lies, damn lies and statistics engineered by scientists to make warming seem more urgent. Putting aside what seems to be the Republican Party’s new penchant for information acquired through morally questionable schemes, on-the-fence Democrats can’t be too enthused about supporting still stagnant legislation designed to cut domestic emissions. It might just take divine intervention to snatch this bill from the jaws of death, but, in a pinch, maybe Al Gore will do.

    A packed schedule to be sure and I hope you’ll join me in watching other people procrastinate. It’s one of the few times I don’t feel guilty about procrastinating myself.

  • Could Vegan Skin Care Products Be Just What You Are Looking For?


    One of the main reasons that many people make poor unhealthy choices is due to peer pressure and intimidation from friends and loved ones. When you’re little and raised a certain way by your family, you eat what they feed you and use the skin care products that they give you. When you reach adulthood, you may continue these practices, however your circle of influence may change and you may be fortunate enough to connect with people who are wise, knowledgeable, compassionate and those who want to help you make better personal choices. One of those important choices is veganism. A lifestyle choice that includes plant-based products: for food, clothing, anti aging skin care products, natural body lotion and in fact all products that are cruelty-free. Many people believe that veganism is weird, strange, and fringe. Some may even believe the misconception that eating animal products is healthy, smart, and important. If your product choices fall into this category, here is more information and encouragement. Fortunately, veganism is becoming more widely accepted and is spreading across various walks of life. Surprisingly to many, vegan food tastes great, vegan skin care products and natural body lotion products actually work, and vegan household products for example, are excellent and help to save the planet. Yet, as acceptable, wise, and respected that being vegan may be, some people try to interfere with other people’s efforts and thwart their progress to pursue a vegan lifestyle. It’s not easy to be independent or a free thinker in this world. The moment you decide to think for yourself and try something different that goes against the mainstream way of thinking and living, you’re looked upon as a heretic. The truth is that it really doesn’t matter what anyone thinks about what you want to do with your life. Going vegan, organic, holistic, and caring deeply about the social consciousness, and the environment is a blessing and is a beautiful thing. Selecting handmade luxury products such as all natural soap, natural body lotion, professional skin care products or any other vegan skin care products is rewarding. Please be patient with yourself, stick with what you believe in and be strong! You can do it!

    Visit http://www. foreueblog. com for your skin care products.

    For great info on vegan vitamins, vegetarian supplements and nutrition, visit www.vegetarianvitaminsguide.com today!

    PINK Winter Sheepskin Boots VEGAN Mid-Calf FLEECE Women

    US $29.99
    End Date: Friday Dec-04-2009 14:55:31 PST
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    Buy it now | Add to watch list

    Could Vegan Skin Care Products Be Just What You Are Looking For? is a post from the Vegetarian Vitamins Guide blog where you can find suggestions and advice from vegetarians and vegans on vegetarian diets, supplements, vitamins and overall nutrition.

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  • Webb 2.0: Dead Week Sweeps

    Welcome, freshmen, to Dead Week. Your friends from other universities may have told you about an incredible week where they have literally nothing to do but study for their finals. As of this week, those people are no longer your friends. They aren’t liars, but they may as well be, because Dead Week is anything but.

    While it isn’t dead, it’s pretty close. Teachers will sometimes (not always) reduce workloads, which means more time to study for responsible students. For the rest of us, it means more time for, again, anything but.

    When it comes to procrastination, I am a Viking. I’ve Photoshopped myself kicking Oski into the pit from “300,” I’ve morphed friends’ faces together to envision their hypothetical children, I’ve written columns about TV under the guise of Dead Week advice.

    As of late, though, none of that has been necessary. Why? This fall season, television has done it all for me.

    I know TV traditionally has a pretty bad reputation, especially among academics. It’s shocking how many students on this very campus grew up without knowing that power coins can summon huge transforming robots called Zords, or that when Tim the Tool Man Taylor grunts, you had best duck for cover.

    I also vaguely recall seeing commercials comparing a brain watching TV to an egg being scrambled, which was ironic given the advert’s medium, as well as the fact that eggs are way more delicious when scrambled.

    As a lifelong TV watcher, though, I think we’re entering a new golden age, where even average shows are smarter and faster than their counterparts a decade ago. Yes, I am only going to be talking about sitcoms in this column (if you only watch TV for the reality shows, you really have no business reading, anyway).

    I’ve been reflecting on how shows like “30 Rock,” “The Office,” “Curb Your Enthusiasm” and, my new favorite, “Community” can exist when only a few years ago we were stuck with formulaic programs like “Dharma and Greg,” “Everybody Loves Raymond” and the countless sitcoms set in a magazine office/radio station/TV newsroom.

    First of all, comedies today have room to develop. Unlike their forebears which traditionally started and ended in the same place every week, comedies today can have characters, plots and settings that change from episode to episode, and with online distribution, DVRs and the availability of relatively cheap DVDs, audiences can be trusted to get jokes that build on old ones.

    A show just on the cusp of this phenomenon was “Arrested Development,” a series that arguably remains unsurpassed in cleverness. If you haven’t seen it, please stop reading this and watch every episode immediately. Twice. Unfortunately, the show came out just as TV show DVDs were becoming a common product and just before recent episodes could be seen online. An episode of “Arrested” independent of the ones that preceded it is confusing and only sporadically funny, a fact that I believe spelled its premature demise. But “Arrested” nonetheless paved the way for more complicated comedies, and for that we should all be grateful.

    The next huge reason the modern sitcom trumps that of the old is the near-absolute death of the laugh track. Although the laugh track lingers in some decent shows (“How I Met Your Mother,” for example), ever since “The Simpsons,” an increasing number of comedies in primetime have axed it. Firstly, comedies now have more jokes. The laugh track takes precious time from those and imbues the actors with an unnatural awareness of their medium as they pause for laughter from an unseen audience.

    More significantly, killing the laugh track means blurring the line between comedy and drama. With canned laughter, audiences leap from laugh to laugh and any pause between these seems uncomfortable and awkward. With it gone, writers can seamlessly move the show from high to low and give even light comedies heart. Anyone who describes “The Office” as merely a sitcom has clearly not been paying attention.

    Comedies today are also no longer required to have likeable characters. George Costanza paved the road for TV douches everywhere–without him there’d be no womanizing burnout Andy Botwin on “Weeds,” no self-absorbed pretty boy Jeff Winger on “Community,” no entire cast of “It’s Always Sunny in Philadelphia.” Characters like George are horrifying to watch because they expose our basest thoughts and instincts, but also therefore tap into a very raw comedic vein shows from generations before didn’t know existed.

    Ultimately, though, the biggest reason comedies today succeed is that they take risks–big ones. Just imagine if Mr. Brady had stolen a golf club from a corpse at a wake, Lucy had lost the Contest, or Gilligan had released a bloodthirsty seal that later bit off the Skipper’s hand.

    So study hard, but remember–if you have to take a break, leave room for TV.

  • Bete Giyorgis of Lalibela

    Lalibela, Ethiopia | Cultures and Civilizations

    When young Saint Gebre Mesqel Lalibela was born into the Zagwe Dynasty in Ethiopia, the town of Lalibela was known as Roha. The name Lalibela was given to the young boy when he was surrounded by a swarm of bees soon after birth. His mother believed this was a sign that he would come to rule Ethiopia one day. His name literally means, “the bees recognize his sovereignty.”

    Lalibela is best known as the king who ordered the construction of 11 monolithic stone churches found in the town today. Lalibela’s goal was to create a new Ethiopian Jerusalem, and he recreated many biblical scenes, such as the stable, out of carved rock. The Bete Giyorgis is by far the most spectacular of these churches. Carved out of the ground, and shaped from the inside out, it is one, unbroken piece of stone. Bete Giyorgis is connected to the other sunken stone churches through a series of elaborate tunnels.

    These eleven solid rock churches, in the hills not far from the town, make Lalibela one of the holiest places in Ethiopia. Today, the site is considered one of the centers of pilgrimages for Ethiopian Christians.

  • Museum of Funeral Customs

    Springfield, Illinois | Museums and Collections

    Near the Oak Ridge Cemetery, the second most visited cemetery in the United States and the site of Abraham Lincoln’s tomb, lies the Springfield Museum of Funeral Customs. The museum houses a bizarre collection aimed at educating visitors about the history of funeral customs and practices in the United States, with a special emphasis on the 1800s and Lincoln.

    The museum’s collection features a handful of beautiful replicas, including the caskets of Lincoln, Kennedy and Nixon as well as a home funeral from the 1870s and an embalming room from the 1920s. Other exhibits include horse-drawn hearses, clothing, jewelry, instruments, photography and of course, a wide variety of caskets and coffins.

  • LA 2009: Buick rendering teases new compact sedan

    Filed under: , , ,

    Buick Compact Sedan Rendering – Click above for high-res image

    Buick officially took the wraps of its 2011 Regal at the LA Auto Show, and in addition to showing off its sportier side, General Motors’ reborn Lexus competitor confirmed its intentions to produce a compact sedan – and here’s the first rendering.

    Likely based on the Chinese market 2011 Buick Excelle XT (a rebadged Opel Astra with an upmarket interior), the new compact four-door is expected to lose its hatch in favor of a traditional trunk and gain a 181 horsepower, 1.6-liter turbocharged four-cylinder mated to a six-speed gearbox.

    The sketch above (flashed on screen during the Regal unveiling here in LA) certainly bears a resemblance to the Excelle and to the larger LaCrosse, although a few tweaks to the fascia, headlamps and the addition of a few hood-mounted portholes could be found on the concept and later, the production model. We should know more later this year, when Buick unveils an official design study followed by the eventual production car that is expected by the end of 2010.

    Gallery: Buick Excelle XT

    LA 2009: Buick rendering teases new compact sedan originally appeared on Autoblog on Thu, 03 Dec 2009 14:28:00 EST. Please see our terms for use of feeds.

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  • Father Paul Dobberstein’s Grotto of the Redemption

    Altoona, Iowa | Outsider Architecture

    When Paul Dobberstein, a young man studying to be a priest, fell ill, he made one of those promises to God that most people never fulfill. Father Paul Dobberstein promised that if he survived, he would build a great shrine to the virgin Mary. He lived, and completed his end of the bargain by building the massive Grotto of the Redemption.

    Begun in 1912, it was built using rare rocks from hundreds of miles away. With shells and semi precious stones donated from across the country, Dobberstein and his helper, the young Father Louis Greving, built the four-story, nine-grotto creation. Each grotto is dedicated to a different religious theme like the Garden of Eden or the Ten Commandments. When Father Dobberstein passed away in 1954, his helper Father Greving took over and continued to work on the grotto until he too passed away in 2002. Together, they spent nearly a century working on the grotto.

  • Bond Funds To Bet On A Dying US Dollar

    eurodollar

    We’ve had quite a rally, but among key concerns that currently threaten to blight the fun is the dollar. The greenback has declined steadily since the beginning of the rally in March, and there is widespread agreement that we’ve not seen the bottom yet. What’s not clear-cut, however, is how investors might fight this trend.

    Foreign currency funds, precious metals, commodities, and similar alternative asset classes are being mooted as possible ways to shield portfolios from a dollar rout. Those ideas can diversify a portfolio. Yet, a good old foreign bond fund would be up to the task, too, and arguably a more sensible fix for most investors. An unhedged foreign bond fund will buy you exposure to foreign currencies and also offer far more potential for price appreciation than currency funds (which hold essentially cashlike instruments). Precious metals will hold up when paper currencies tumble, but they (most notably, gold) are at record highs these days, and their valuations are questionable. And although commodities’ could also be better stores of value than paper money in the long run, their prices remain vulnerable to business cycles. In comparison, foreign bond funds look like a decent option that investors can incorporate into their portfolios without much head-scratching.

    Before discussing a few eligible candidates, some caveats are in order. Currency movements are notoriously unpredictable and will defy the most rational consensus view. Moreover, many investors may already have a measure of nondollar exposure through foreign stock funds or even domestic blue-chip funds that feature many companies that earn sizable chunks of their revenue abroad. Thus, don’t overestimate your need for foreign currency allocation. The following fund examples also are among the world-bond category’s bolder options that deploy a wide range of securities and active currency bets, so make sure you are comfortable with their risks. Also, the securities in these funds can suffer capital losses (which will erode any currency gains), though in the long run you should come out ahead of a cashlike currency fund.

    Loomis Sayles Global Bond (LSGLX)

    This global bond Analyst Pick had a tough time last year due to the portfolio’s heavy corporate stake, but that very emphasis is powering the fund to a topnotch finish in 2009. The fund’s veteran managers clearly rely heavily on their firm’s global expertise in bottom-up credit research, but they have shown the ability to make well-calculated shifts into other sectors as well. For example, management took profits in many of the portfolio’s biggest corporate winners this year and bought higher-rated government bonds in Norway and Canada (those countries’ currencies have staged some of the biggest moves against the U.S. dollar this year). Strong issue selection should continue to give this fund a significant edge over more passive vehicles for nondollar exposure.

    Templeton Global Bond (TPINX)

    Unlike the Analyst Pick discussed above, this one sticks to government bonds, but there are plenty of bold statements in the portfolio. For example, the fund currently has a 21% stake in South Korea bonds alone and a combined 14% stake in Brazil and Mexico. Veteran manager Michael Hasenstab argues that those developing countries’ bonds and currencies are backed by a great combination of fiscal responsibility and cheap valuations. This logic underscores a key point in the whole currency debate. Many developed markets (including Japan, United Kingdom, and several in the eurozone) face the same pressures as the U.S. The central banks of these developed countries all have limited ability to support their currencies because of the continued need to bail out or support private debt markets. Thus, Hasenstab’s approach to diversify the fund’s currency exposure beyond the “usual suspect” choices makes sense. Also, he has a great long-term record through many different market environments owing to his patient, valuation-conscious approach.

    Oppenheimer International Bond (OIBAX)

    This is another example of a veteran manager using a flexible approach to great effect. Skipper Art Steinmetz, who was tapped earlier this year to head up the firm’s entire fixed-income effort, has considerable leeway here to go into emerging markets and corporate bonds and to make active currency bets. The portfolio currently has a 13% combined stake in Brazil and Mexico, for example, which includes several prominent corporate issues. Again, for investors looking to add currency diversification, the key strength to note here is the fund’s ability to deliver plenty of price-appreciation upside on top of the currency gains.

    AllianceBernstein Global Bond (ANAGX)

    The strategy here is just as distinct as those at the funds already mentioned, although not as well-tested. Management uses a multisector approach that pulls in the entire spectrum of choices in global bond markets including emerging markets, corporate and asset-backed bonds, and currency plays. To boot, management will use leverage as well. This approach took shape in 2007, after a series of incremental strategy changes that gradually gave management greater flexibility. Granted, the record is not long under the mandate, but we like what we’ve seen so far. Management will often be early with its bold valuation calls, but patient shareholders have reaped rewards.

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