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Liberty Newspost Aug-27-10

Liberty Newspost Aug-27-10

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Published by: Liberty Newspost Corp. on Aug 27, 2010
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E-reader News Editionhttp://www.LibertyNewspost.com- 27/08/10
Submitted at 8/27/2010 1:48:18 PM
Just when we thought thetablet-versus-e-readerargument wasdead in the water, along comesanother development that makesone realize there's life in the olddog yet. LG has revealed itsgrandiose plans on the e-paperfront--and it's a more than clevermove, given that rival Samsunggave up the chaseon the e-paperfront a couple of days back.AnSEC filingfrom LG revealsthat the firm is continuing tobreak new ground with e-papertechnology, moving forwardwith plans for both color andflexible modelsthat will work with bothe-readersand tablets.Let's not forget that LG is themaker of boththeiPad's 9.7- inch IPS LCD screen, as well astheKindle's e-paper display.Although it is generally agreedthat last man standing in thedogfight I alluded to in the firstparagraph will be the tablet(barring a last-minutesmackdown from the Cylons,that is) one cannot deny the e-Reader's tenacity. Cheaper andhardier than a tablet, the e-Reader wins on price, batterylife, is floggingdigital literaturelike never before, as well asbesting traditional bookworms'read rates.Although the rumors of a more-than-monochrome Kindle havebeen circulating since as farback as 2009--andour very ownChris Dannen has been ululatingloudly outside Amazon HQ for atechnicolor version--theversatile iPad's arrival makes itsomewhat redundant. Jeff Bezoshas admitted that there is a colorKindle in the works, but refusesto be drawn on when theconsumer will see it. However,with color e-ink providing moreof a drain on the power barsthan its black-and-whitecounterpart, there seems less of a reason to bring it in--after all,one of the best things about theKindle is its amazing batterylife.But will we see a 19-inchversion of the e-Reader? Afterall, the much lusted-after, large-sizedQuewas finallygiven the pushlast month by executives atPlastic Logic. Chances are,they'll be unwieldy things and,as newspaper executives searchfor ways to shrink their productsdown into a more manageablesize, the broadsheet reading manon the train will become a thingof the past--page turning buttonor no page turning button.So why is LG being so bullishabout e-paper? Probablybecause Samsung has given upthe fight. It knows that, ascomponent supplier to the twobiggest products in each market,it's got a vice-like grip overcurrent and future tech, and it'shedging its bets either way.Perhaps it's got some fiendishlyclever concepts coming thebusiness market's way, ratherthan that of the consumer.[Image viaAving USA]
2E-reader News Edition
Submitted at 8/26/2010 5:57:08 PM
We travel the KarakoramHighway from China toPakistan on today’s edition of Washington Extra. Driving theagenda for Reuters today isnews that the United Statescould be heading for anothertrade row with China, after itannounced plans to toughenrules against what it sees asunfair trade practices. A numberof the proposals are likely to irk Beijing and could provokeretaliation.It is all part of the Democrats’“Make it in America” agenda tosave manufacturing jobs athome. Critics will no doubt seeit as more evidence thatPresident Barack Obama is acloset protectionist. Othersargue that this is a shrewd movefrom the administration to headoff still more damaging movesfrom Congress.Over at the IMF, Pakistan’sfinance minister is in townseeking more help to salvage hiscountry’s economy in the faceof the devastating floods. Themood so far seems hopeful.Abdul Hafeez Shaikh saidPakistan wanted to keeppursuing an $11 billion IMFloan program and demonstrateits resolve to take tougheconomic decisions, dismissingreports that it might abandon theprogram. The IMF, for its part,is already urging donors to givegrants, not loans, for rebuildingprojects, to avoid adding toPakistan’s heavy debt burden.While we are on the subject of the IMF, an interesting little rowis developing which could throwthe global lender into disarray.The United States is urgingEurope to give some of theseats it occupies on the IMF’s24-member board to emergingmarket countries to reflect theirgrowing global economicweight. You won’t be surprisedto learn that Europe has balkedat the idea of yielding some oits nine chairs — because it isdivided over how to do it. Thesides face an Oct. 31 deadlinewhen the mandate of theexisting board expires. “TheIMF will be in crisis unless asolution is found in time,” asenior board official said.Here are our top stories fromtoday…U.S. lays out plan to strengthenanti-dumping regimeThe United States announcedplans to toughen rules againstwhat it sees as unfair foreigntrade practices, proposing anumber of changes likely to irk China, its biggest importsupplier. At least some of theproposals could lead to higheranti-dumping or countervailingduties on goods from the Asianmanufacturing giant, the mostfrequent target of U.S.complaints about unfair trade inrecent years.For the full story by DougPalmer, click here.Power struggle threatens toparalyze IMFA power struggle threatens tothrow the InternationalMonetary Fund into disarrayunless a compromise is reachedsoon between the United Statesand Europe over how to givemore say to emerging powers.For more of this analysis byLesley Wroughton, readhere.Jobless claims fall, but stillelevatedNew jobless claims fell morethan expected last week butwere too high to signal a shift ina weak labor market that isconstraining economic growth.The data from the LaborDepartment, coming on theheels of reports this week showing a slump in housing andsoft demand for long-lastingmanufactured goods, was arelief amid escalating fears theeconomy is slipping back intorecession.For more of this story by LuciaMutikani, readhere.Factbox: Murkowski maybecome seventh ousted USincumbentRepublican Senator LisaMurkowski is in jeopardy of becoming the seventh memberof Congress voted out of officethis year amid the anti-incumbent fervor fanned largelyby the weak economy andconservative Tea Partymovement. Murkowski isfighting for survival in aRepublican primary in her homestate of Alaska likely to bedecided once absentee ballotsare counted in coming days.For a list of six lawmakers whohave already lost their bids forre-election, readhere.Banks lobby Fed on debit cardfee limitsThe Federal Reserve has beguntaking the first steps to crack down on debit-card transactionfees, with the battle betweenmerchants and banks movingfrom the legislative to theregulatory arena. The bankslobbied in vain against anamendment included in thefinancial reform act passed inJuly that limits some of theirtransaction fees.For more of this story by DaveClarke, readhere.Tax plan may have unintendedeffect, companies sayCorporations that could be hitwith higher taxes under aproposal to raise taxes onprivate equity and real estatefund managers are pressinglawmakers to fix what is likelyan unintended consequence of the plan.For more of this story by KimDixon, readhere.FDA ties chicken feed tosalmonella in egg recallBacteria found in chicken feedused at two Iowa farms has beenlinked to a salmonella outbreak that prompted the recall of morethan a half billion contaminatedeggs, U.S. regulators said.For more of this story by AlinaSelyukh, readhere.And for what we areblogging…Tit for tatDeficit commission co-chair
3E-reader News Edition
Submitted at 8/27/2010 8:55:26 AM
Former first lady Laura Bushsays every president is unfairlycriticized and it comes fromboth friends and foes.She spoke to ABC’s “GoodMorning America” fromtheGulf Coast, where she is on avisit for the fifth anniversary ofHurricane Katrina. Her husband,former President George W.Bush and his administrationwere sharply criticized for slowfederal response to the disaster.“The differences are huge now,five years later. Each time Icame there was a little bit of improvement, but really now Ithink after five years things arestarting to look great,” she said.She was asked about writing inher book about thecriticismherhusbandfaced for flying overNew Orleans after Katrina andnot stopping, but said there wasa purpose behind that.“If Air Force One had landed inNew Orleans that day, all of theassets that were actually beingused to help people, the firstresponders, many of those firstresponders would be required togo to the airport even just fromAir Force One landing. And heknew that and he didn’t want touse any of the assets that werebeing used in other ways torescue people,”she said.Laura Bush says her husbandwrites about it in his upcomingbook as well — “that he realizesthat that was a mistake, that itlooked like he didn’t care.”She was asked whether she feltthe Obama family was nowexperiencing thecriticism fromall sides that her family hadduring theirWhite House years.“Well sadly I think it’s just apart of life for the president andthe president’s family, and it’stoo bad really, because it comesfrom every direction — fromyour friends and your foes and Ithink that’s too bad,” she said.“But I am really proud of theway George handled it. I think he handled it in a verypresidential way really, knowingthat that’s part of it. And we didknow that that was part of itbecause of course we’d been thechildren of a president ourselvesand we’d seen President Bush,George’s dad, criticized in away that we knew was unfair,”she said.“So I wish, I hope, thatAmericans would just take astep back and a deep breath and
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