Liberty Newspost July 01 2012

Curated News Edition
- 01/07/12
http://www.LibertyNewspost.com
China June official PMI hits 7-month low

(Reuters: Top News)
still falling, which show there are still many factors affecting production. A recovery in BEIJING| Sun Jul 1, 2012 industrial output would take 9:55am EDT time," Zhang Liqun, a government (Reuters) - China's factory researcher, said in a statement downturn worsened in June as a accompanying the PMI data. key activity index hit a seven- Zhang's cautious tone backed month low, data expected to raise estimates among some analysts expectations the central bank may that China's economy could seek more policy easing to revive worsen in the third quarter as t h e w o r l d ' s s e c o n d - l a r g e s t previous policy easing takes time economy. to filter through, potentially The official Chinese purchasing jeopardizing Beijing's 2012 managers' index (PMI) fell to 50.2 growth target of 7.5 percent. i n J u n e a f t e r s e a s o n a l A protracted slowdown in China adjustments, the National Bureau would further hobble a world of Statistics said on Sunday, economy already bruised by above forecasts for 49.8, but Europe's nagging debt crisis, and down from May's 50.4. an ailing U.S. economic recovery. That was the worse reading since It is also a headache for Beijing as November last year, and a sharp exporters are mainstay employers fall in export orders and shrinking in China. new orders suggested a recovery Sunday's PMI suggested Chinese is not in sight. This would fuel factories struggled with lackluster bets that Beijing could further foreign and domestic demand in relax monetary policy as soon as June. this month, an analyst said. The sub-index for new export "New orders and input prices are orders had its biggest monthly fall
Submitted at 7/1/2012 8:55:41 AM
since December, shedding 2.9 percentage points to 47.5. New orders, which include domestic orders, slipped 0.6 percentage points to 49.2. This means factories received fewer orders in June from May as the 50-point level separates expansion from contraction. The dour numbers underline worries that China may miss its 2012 target to grow imports and exports by 10 percent, a level Trade Minister Chen Deming said would be met only if the country is "lucky". Economists are not counting on it. A Reuters poll in May showed they expect China's economy to clock its worse annual growth in 13 years this year at 8.2 percent. IMMINENT RRR CUT? As China heads into its once-adecade leadership change later this year, Beijing -- which believes strong growth legitimizes its rule -- is eager to do what it can to keep the economy growing briskly. [unable to retrieve full-text content]
With China's inflation likely to stay benign, Beijing has room to act. The country's annual inflation ran at 3 percent in May, below a 2012 target of 4 percent. The PMI input prices sub-index stood at 31/2-year lows of 41.2 in June. To shore up growth, Beijing lowered interest rates once and reduced banks' reserve requirement ratio (RRR) twice this year. Traders said on Friday they anticipate the central bank to lower banks' RRR soon to ease a recent liquidity squeeze, triggered by regulatory requirements and a large initial public offering. Small Chinese firms have also complained that loans are hard to come by despite lower lending rates. They say tight credit conditions further aggravate sluggish business. Sunday's PMI showed the smallest Chinese factories were indeed hardest hit. The PMI for small businesses languished under 50 for the third straight month at
47.2. The PMI for big factories stood at 50.6, and that for midsized companies at 50. But Hua Zhongwei, an economist at Huachuang Securities, was hopeful of an imminent recovery. He expects economic growth to trough at around 7.8 percent in the second quarter, before quickening to 8 percent over the next three months. "The government and banks will ratchet up support for growth and we could see some impact from their efforts in the third quarter," Hua said. (Reporting by Koh Gui Qing; Additional reporting by Kevin Yao; Editing by Ed Lane) This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
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Analysis: Stockton, California new paradigm for struggling cities

(Reuters: Top News)
People walk past shuttered businesses in downtown Stockton, California June 27, 2012. Credit: Reuters/Kevin Bartram By Hilary Russ NEW YORK| Sun Jul 1, 2012 8:04am EDT (Reuters) - Stockton, California, the largest city in the United States to ever file for bankruptcy, could create a new template for struggling cities and potentially lift the stigma that scars municipalities if they seek court protection from creditors. If Stockton, which filed for Chapter 9 municipal bankruptcy on June 28, can reach consensus with its creditors and craft a plan to exit bankruptcy quickly others may follow suit, legal experts said. "Successful cases breed more filings," said Andrew Glenn, a bankruptcy partner in New York at Kasowitz Benson Torres & Friedman. "Municipalities watch these cases closely around the country, and once the template is set up, if other towns have these problems, they're going to follow the template." Other cities and counties have gone bankrupt because of a bad investment or ill-conceived public works project, like the sewer
system that sank Jefferson County, Alabama, into $3.14 billion of debt. But Stockton may be a new breed of failing city, swamped by routine costs, pension payments, a payroll for city employees, a years -long economic slide and depressed housing tax receipts the same issues that currently face many other cities still struggling to recover from the cavernous U.S. recession. "Stockton is a precursor of something very different" from Jefferson County, Glenn said. "That's what makes it sort of a game-changing type of a case." It will be the first case to test California's mandated mediation process. State lawmakers changed the rules after the city of Vallejo went bankrupt in 2008 and then slogged through a three-year bankruptcy battle that racked up at least $10 million in attorneys' fees. Now, unless they declare a fiscal emergency, California municipalities must participate in mediation before they are allowed to file for bankruptcy. Each state has different requirements for cities and towns that want to file for Chapter 9 bankruptcy. Some use budget commissions, receivers and other measures to try to help resuscitate cities before
allowing them to go bankrupt as a last resort. Nearly half of U.S. states don't allow municipal bankruptcies at all. James Spiotto, a partner at Chapman and Cutler in Chicago, said California is the only state that requires mediation prior to a Chapter 9 filing. A similar proposal failed to pass the Illinois legislature this session, he said. He also noted in a recent national survey of Chapter 9 state provisions that California labor unions supported the mediation law as "a reaction to the difficulties they experienced in the city of Vallejo Chapter 9 bankruptcy proceeding." 'A HUGE LEG UP' Though the mediation process didn't stave off the bankruptcy for Stockton, lawyers said it forced the city and creditors to talk to each other ahead of time and put the city in a better position going into court - and could result in a quicker exit from the case. "Stockton is incredibly wellprepared for a bankruptcy filing and very forthcoming in terms of disclosing to creditors and the public," said Karol Denniston, a bankruptcy partner at Schiff Hardin in San Francisco. A third of Stockton's creditors reached agreements with the city during mediation, giving the city "a huge leg up, because at least
they're not filing bankruptcy like Vallejo did, fighting with everybody," she said. That result will also allow the city to show a bankruptcy judge it has tried in good faith to negotiate with creditors and is truly insolvent - requirements a California city must normally meet for a bankruptcy filing to be ruled valid. One big step Stockton is not expected to take is to attempt to dodge its pension obligations to city employees. If it did, the city would have to confront the powerful California Public Employees' Retirement System (Calpers), which handles pension plans for many California cities and counties. Calpers and unions around the country have made it clear they see a pension as an iron-clad right, one that's legally protected even in a bankruptcy. Whether pensions are contract rights, which can be changed, or property rights, which are protected under the U.S. Constitution, has never been tested in court. That's largely because of the time, money and emotional effort it would take for a municipality to fight deep-pocketed and politically connected pension systems to full resolution at an appellate level, experts said.
"Calpers is going to push back hammer and tong," said Kenneth Klee, a professor at the University of California at Los Angeles Law School. Public employees pensions weren't challenged by Vallejo, which used the same attorneys Stockton has hired. BANKRUPTCY A LAST RESORT Even so, bankruptcy is no easy road for municipalities. Business leaders in Jefferson County, which last year filed the biggestever U.S. municipal bankruptcy, at $4.23 billion have said the bankruptcy has deterred industrial investment. Stockton, as a case everyone's watching, could also be a deterrent to some other cities. "The threat of bankruptcy is quite a lever, particularly if people believe it's a realistic threat," said Mark Kalla, a partner at Barnes & Thornburg in Minneapolis. "It may make other cities' negotiations more successful, more fruitful." The possibility that Providence, Rhode Island could run out of money and eventually have to file for bankruptcy prompted labor unions, retirees and city officials to come to the table and reach a tentative deal in May on pension ANALYSIS: page 6
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Next Battleground of Health Care Debate New York Times

ALBERT R. HUNT | BLOOMBERG NEWS (Top Stories - Google News)
White House an overall victory, created new problems for Mr. Obamas re-election, declaring the laws requirement that most Submitted at 7/1/2012 10:20:52 AM WASHINGTON Shortly after A m e r i c a n s o b t a i n h e a l t h the U.S. Supreme Courts historic insurance or face a penalty was health care decision, Barack akin to a tax. That undercuts the O b a m a a n d M i t t R o m n e y presidents vow not to raise taxes appeared before the cameras to on working-class Americans. offer their spin. Neither took It was only moments after the questions. ruling that the Republican For weeks, both men had N a t i o n a l C o m m i t t e e b e g a n methodically calibrated their condemning a tax increase on the response to what was the most middle class. Mr. Romney called eagerly anticipated pre-election it a job killer. Senator Marco high court decision ever. The Rubio of Florida raised the ruling settles the law, not the specter of Internal Revenue politics. Service agents looking into The outcome poses challenges Americans health care choices. for both presidential contenders. In response, the president will Mr. Obamas claim that it means argue that the law is a tax cut, as it the country cant refight the law would provide tax credits as an is a pipe dream. Mr. Romney will incentive to purchase health care. be held accountable for his strong T a x e s a r e n o t c o m f o r t a b l e inconsistencies on health care and debating terrain for Mr. Obama. his refusal to offer serious In the two years since the passage alternatives. of the Patient Protection and The 5-to-4 decision upholding A f f o r d a b l e C a r e A c t , t h e the central tenet of Obamacare, as legislations official name, the Republicans call it, was a better W h i t e H o u s e h a s d o n e a result for the Democrats. If things miserable job of explaining it and had gone the other way, Mr. enlisting public support. Romney could have credibly The same criticism will continue: charged that Mr. Obama wasted The focus on health care is a two years on an unconstitutional distraction from the priorities of measure, instead of focusing on the economy and jobs. That the economy. probably provides Mr. Romney an Yet Chief Justice John G. opening. Roberts Jr., while handing the Still, the presumptive Republican
nominee faces tough questions, too. He and most congressional Republicans have vowed to repeal and replace the health care law. Mr. Romney says he will do away with it on his first day in office; Jan. 20 could be busy for him, as he also has vowed to repeal the financial regulatory law and to declare China a currency manipulator on that day. There is a huge void with the replace commitment that the Romney campaign calculates it can finesse until after the election. A vigilant news media will make that impossible, which is one of the reasons the Republican nominee is so inaccessible. An example: Mr. Romney has said he wants to make sure that Americans with pre-existing conditions do not lose their current health insurance. What he doesnt say is that he would not keep the provision ensuring this protection in the current law. What would he do? Simply say tough luck to people with disabilities? He still has not explained why he has shifted his views on a mandate requiring health insurance. This requirement was the defining characteristic of the plan he pushed through as governor of Massachusetts, which served as a model for Mr.
Obamas plan. Romneycare imposed stiff penalties at one stage more than $1,000 per person for those who could afford health insurance and did not get it. Was that a tax increase? The Republican nominee tries to make the distinction that a mandate is fine on the state level but unconstitutional and bad policy on the national level. That is a distinction most voters do not get. During his 1994 bid to unseat Senator Edward M. Kennedy, Mr. Romney supported the Senate Republicans alternative to President Bill Clintons health care initiative. The centerpiece of that proposal was an individual mandate. In 2007, well before Mr. Obama switched his position and backed the mandate, Mr. Romney said it was a terrific idea. Former Senator Rick Santorum, a former contender for the Republican presidential nomination, said last week that health care costs in Massachusetts are No. 1 in the country. The program, he concluded, doesnt work. Does Mr. Romney disagree? Political calculations on both sides are oversimplified. The Democrats assumption that voters will give the president credit for a major achievement and overlook some of the
concerns that have yet to be explained is not supported by public-opinion surveys. Republicans argue that the renewed health care debate will energize right-wing Tea Party activists, just as it did in the 2010 elections. Before the Supreme Courts announcement Thursday, they insisted this group was already fully energized. Polls and conversations indicate that voters want to learn more. The majority of Americans have real concerns about the impact of this law and certainly do not relish the prospect of higher taxes. At the same time, only a minority of hard-core conservatives about a third of the electorate want to see the law simply repealed; voters in the middle are more interested in hearing about the replace part of the Republican slogan. Mr. Romney and Mr. Obama had a free ride last week. For the next four months, as the boxing legend Joe Louis once said, they can run, but they cannot hide. A version of this article appeared in print on July 2, 2012, in The International Herald Tribune. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read NEXT page 7
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Eastern US continues to swelter; power outages could last days - msnbc.com

NBC, msnbc.com and news services (Top Stories - Google News)
gives you three days of warning, this storm gave us all the impact of a hurricane without any of the warning of a hurricane," Submitted at 7/1/2012 10:29:53 AM Utility crews untangled downed Maryland Gov. Martin O'Malley power lines and tree limbs said. Sunday, working to get the With the power out, authorities electricity turned back on for also warned people to be careful millions of people in the mid- w h e n u s i n g g e n e r a t o r s a n d Atlantic region facing a second candles to help light darkened day of 100-degree temperatures homes. without modern conveniences like Other parts of the country were air conditioning and refrigeration. also sweltering. Denver recorded Utilities were slowly making the hottest June on record. The progress, but more than 2.6 average temperature for the month million people still had no was 75 degrees, which was 7.6 electricity and could only watch degrees above normal. There were their thermostats climb. It could 17 days in which the maximum be several days before all the temperature exceeded 90 degrees, power outages are restored. including a stretch of five Strong winds from the storms late consecutive 100-degree days from Friday toppled massive trees onto June 22-26, the weather service cars and blocked roads, and said. officials asked residents not to The bulk of the eastern storm drive until they could clear debris damage was in West Virginia, from the streets. When a hurricane Washington and the capital's is lumbering their way, state Virginia and Maryland suburbs. officials have time to get extra At least six of the dead were personnel in place so they can killed in Virginia, including a 90immediately start on cleanup. year-old woman asleep in her bed That wasn't the case with this when a tree slammed into her storm, known as a derecho a home. Two young cousins in New straight-line wind storm that Jersey were killed when a tree fell sweeps over a large area at high on their tent while camping. Two speed. were killed in Maryland, one in "Unlike a polite hurricane that Ohio, one in Kentucky and one in
Washington. In Washington's northern Virginia suburbs, emergency 911 call centers were out of service; residents were told to call local police and fire departments. Huge trees toppled across streets in the nation's capital, crumpling cars. Cellphone and Internet service was spotty, gas stations shut down and residents were urged to conserve water. The power outages were especially dangerous because they left the region without air conditioning in an oppressive heat wave. Temperatures soared to highs in the mid-90s Saturday in Baltimore and Washington, a day after readings of up to 104 degrees were reported in the region. Yet another day of temperatures reaching 100 degrees was forecast for much of the region Sunday. "It is very unsafe outdoors for those susceptible to these extreme conditions," the National Weather Service warned in a statement. Three Baltimore City fire companies set to permanently close this week were staying open several more days to help cope. New Jersey Gov. Chris Christie ordered the National Guard to deliver fuel for generators and
fresh water to stricken areas. He reported that power had been restored to such tourist areas as Atlantic City's casinos. In West Virginia, 232 Amtrak passengers were stranded Friday night on a train blocked on both sides of the tracks by toppled trees. Brooke Richart, a 26-year-old teacher from New York City, was among the passengers stranded for 20 hours. She read half a book and took walks outside the train, which had light, air conditioning and food the entire time. But she called the wait "trying." "Thankfully we could go in and out of the train because we were there so long. If you wanted to stretch your legs or take a walk, you could," she said. Amtrak spokesman Steve Kulm said passengers were taken away by buses Saturday night. Meanwhile, officials focused on the most vulnerable residents: children, the sick and the elderly. In Charleston, W.Va., firefighters helped several people using walkers and wheelchairs get to emergency shelters. One of them, David Gunnoe, uses a wheelchair and had to spend the night in the community room of his apartment complex because the power
and his elevator went out. Rescuers went up five floors to retrieve his medication. Some sought refuge in shopping malls, movie theaters and other places where the air conditioning would be cranked up. Others simply tried to make the best of a bad situation. In the Columbus, Ohio, suburb of Dublin, Lori Schaffert said her household borrowed a generator from a friend and was alternating it between the refrigerator and freezer while using flashlights and battery-operated lanterns for light. Her 5-year-old daughter and a neighbor friend played board games and helped her make pickles from their garden's cucumbers. "You come to appreciate the simple life a little more in these times," Schaffert said. The Associated Press and Reuters contributed to this story. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
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Mexico presidential election sees Nieto as clear favourite to win - The Guardian
Jo Tuckman in Mexico City (Top Stories - Google News)
races, the election for the mayor of Mexico City, and hundreds of other local offices on the ballots Submitted at 7/1/2012 11:19:56 AM of the country's 143,151 polling Mexico's 79 million voters are stations. heading to the polls to elect a Electoral officials insist the president. Enrique Pea Nieto is fairness of these elections is the favourite to win, say experts. guaranteed, and most observers Photograph: Marco Ugarte/AP recognise that the days are over Mexicans go to the polls to elect when ballot boxes were crudely their new president on Sunday stuffed and the front runner in the with the candidate of the oncepresidential count switched after a vilified Institutional mysterious power failure. Revolutionary party, known as the Allegations of vote-buying are PRI, the clear favourite to win. nevertheless widespread, Young, telegenic and impeccably particularly directed at the PRI smooth, Enrique Pea Nieto has and its legendary party machine. helped the party gloss over a Both the PAN and the PRD have reputation for corruption and accused the PRI of stockpiling periodic authoritarianism accrued gift cards ready to be exchanged over 71 uninterrupted years in for votes. The old party of power power that ended in 2000 when it has countered that its rivals are lost the presidency to the National merely preparing to question the Action party (PAN). legitimacy of its victory. " T h e c h a n g e o f p a r t y i n "The polls are manipulated," said PAN at the last presidential "I don't particularly like her, but I While most polls give Pea Nieto government was not good" said receptionist and Lpez Obrador election in 2006 sparked a don't want our country to go a c o m m a n d i n g l e a d , s o m e Cristin Marquz, a PRI voter in supporter Mara Guadalupe prolonged post-election crisis. backwards to the PRI and I don't o b s e r v e r s s t r e s s t h a t m u c h Mexico City. "The PRI has Garca. "If the PRI wins it will be Now the PAN is in a similar trust Lpez Obrador" said PAN depends on who actually turns out learned from the mistakes it made because of the party machine that predicament to the PRD, with its voter Fabiola Torres. "The to vote. towards the end [of the regime] takes advantage of the poverty candidate, Josefina Vzquez [probable] return of the PRI does A low turnout is expected to and it is still the only party that and ignorance of the people, Mota, in third place in most polls. not frighten me but it does make favour the PRI and its machine. rather than an informed and The PAN has suffered from me angry at the thought that we Some suggest a high turnout, knows how to govern." public frustration at the party's 12 changed things for nothing." Such voices are rare in the reasoned vote." particularly a surge in normally capital, a bastion of support for In recent weeks Lpez Obrador years in power, first under As well as choosing a president apathetic young voters, could help Andrs Manuel Lpez Obrador of has filled his speeches with President Vicente Fox and then for a single six-year term (the Lpez Obrador who is presumed the leftwing Party of Democratic assumptions of victory, leading to under Caldern, marked by constitution bans re-election), to be the biggest beneficiary of Revolution. Most national polls, accusations from the PRI that he rampant drug war violence and Mexico's 79 million electorate the eruption of an anti-Pea Nieto however, show him trailing the is preparing to contest a loss. His sluggish economic growth in a will renew the upper and lower refusal to accept a wafer-thin country where about half the houses of the national Congress. MEXICO page 7 leader by double digits. defeat to Felipe Caldern of the population live in poverty. There are also six governorship
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Iran ready to battle 'dastardly' EU sanctions

RT (News RSS : Today)
ANALYSIS:
continued from page 2
meant to pressure Tehran over its alleged nuclear weapons ambitions. The effort is being South Pars oil field development coordinated by Washington, in the southern Iranian port town whose unilateral sanctions against of Asaluyeh (AFP Photo / Atta Iran and its oil customers came in Kenare) full force on Thursday. E n o u g h i m p o r t s a n d h a r d We have not remained passive. currency has been amassed to To confront the sanctions, we fight dastardly EU sanctions, have plans in progress, Central Iran says. The announcement B a n k g o v e r n o r M a h m o u d comes on the same day that an EU Bahmani told Mehr news agency, ban against Iranian crude and though he provided no details on insuring its oil tankers comes into what specific measures would be full force. taken. Iran's Central Bank is - T h e P e r s i a n c o u n t r y h a s reported to have accumulated stockpiled enough imported goods some $150 billion in foreign to meet the nations daily needs reserves. and soften the blow of the Tehran insists it can easily go embargo on the economy, Vice on selling its oil thanks to waivers P r e s i d e n t M o h a m m a d R e z a Washington granted to its major Rahimi maintains. customers in Asia, such as China, T oday, we are facing the India, Japan and South Korea. heaviest of sanctions and we ask But it remains to be seen how the people to help officials in this EU ban on insuring Iranian oil battle, state TV quotes Rahimi as would play out in this context. s a y i n g . T h e d a s t a r d l y South Korea has already voiced sanctions, whose enforcement its concerns that Brussels actions starts this Sunday, might cause might reduce their oil trade with occasional confusion in the T e h r a n t o n o t h i n g . I n d i a , market, but would not stop Iran, however, has allowed crude the Vice President added. delivery by Iranian oil tankers The EU sanctions, which ban oil insured by Tehran itself, thus purchases from Iran and prohibit b y p a s s i n g t h e E U s c h e m e insuring Iranian oil tankers, are a l t o g e t h e r .
Submitted at 7/1/2012 11:10:23 AM
and healthcare benefit reforms. Firefighters, police officers and city workers could have faced more layoffs, and retirees could have seen steep cuts in benefits, if the city went under. Though reluctant to confirm their using it." Retirees have approved the trade with Asia has receded, Iran Ghasemi ordered his staff to " agreement, and if union members admits its oil exports have m o b i l i z e " a g a i n s t " i l l e g a l sign off the deal is expected to dropped 20-30 per cent this year. s a n c t i o n s , " r e p o r t s t h e save the city up to $18.5 million a Saudi Arabia and several other semiofficial Mehr news agency. year and help avert insolvency. nations have boosted their crude But once again, the minister gave Cities may also be drawn to production to fill gaps in the no details concerning the exact negotiate because they need good market, driving oil prices below measures that would be taken. credit ratings to borrow money at $100 per barrel while hitting In international talks over its affordable rates - ratings that are Irans domestic economy in the disputed uranium enrichment harmed by defaults on loans and process. Official inflation in Iran program, Iran has demanded that bankruptcy filings. has already reached 20 per cent. all sanctions be lifted before it Both Standard & Poor's Rating Despite the blows to its economy, even considers scaling down its Services and Moody's Investors the tone of the upbeat rhetoric nuclear activities. Tehran says Service cut Stockton's credit emanating from Tehran has not uranium is enriched for energy ratings in the days leading up to changed: production and medical purposes. its bankruptcy filing. " I do not see it as a problem that But Western countries in tandem "This is a case the whole country e n e m i e s h a v e i m p o s e d a n with Israel fear Iran is seeking to is watching," Denniston said. "It embargo today," said Iran's Oil build nuclear warheads. While the is a case where we're all looking Minister Rostam Ghasemi. " US and EU have targeted Irans to see if we can create a better Simply, because they imposed economy with sanctions, Israel way to do this." similar sanctions years ago, and h a s r e p e a t e d l y t h r e a t e n e d (Reporting by Hilary Russ; nothing happened." airstrikes against the countrys Additional reporting by Jim Iran has already stopped selling nuclear facilities. Christie in San Francisco;, Editing oil to many EU members, who This entry passed through the by Tiziana Barghini; and Todd accounted for one-fifth of its total Full-Text RSS service if this is Eastham) c r u d e t r a d e , a n d f o u n d your content and you're reading it This entry passed through the replacement countries in the on someone else's site, please read Full-Text RSS service if this is process, Ghasemi continued. the FAQ at fivefilters.org/contentyour content and you're reading it " Developing countries and only/faq.php#publishers. Five on someone else's site, please read countries with fast economic Filters recommends: Donate to the FAQ at fivefilters.org/contentgrowth have no alternative to oil, Wikileaks. only/faq.php#publishers. Five he pointed out. Fortunately, Filters recommends: Donate to because of the quality of our Wikileaks. country's oil, all are interest in
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Aussie toxic tax: Cutting pollution and jobs?

dioxide they emit. The tax is also expected to rise to A$25.4 (US$26) by 2014. A truckload of coking coal (L) Australias Clean Energy Act a r r i v e s a t t h e f i n a n c i a l l y stipulates one of the highest prices beleaguered BlueScope Steel for carbon off-setting schemes in refinery in Port Kembla near the world, almost double the price Sydney (AFP Photo / Torsten of current EU schemes of between Blackwood) $8.7 and $12.6 per ton. Australia has introduced a muchAs well as reducing carbon contested carbon tax after a e m i s s i o n s , t h e A u s t r a l i a n marathon two years of debate. government hopes that the new The nations government claims it bill will promote growth in the is needed to comply with climate renewable energy sector and change obligations, but the reduce the countrys reliance on opposition says it will raise the fossil fuels. Australias thriving cost of living and cut jobs. mining industry and energy sector -The new measures are part of a will bear the brunt of the new government initiative to reduce carbon tax policy. However, it is carbon emissions in the country expected to have a knock-on that are some of the highest per effect on the general population in head in the world because of its increased energy bills. reliance on coal power. However, Labor government PM Julia the new toxic tax, as it has been G i l l a r d m a i n t a i n s t h a t t h e dubbed by the opposition, has unpopular bill is the only way been met with widespread protest. Australia can cut down on its high The legislation will oblige carbon emissions. She also A u s t r a l i a s w o r s t - p o l l u t i n g declared that people will be companies to pay a tax of A$23 compensated for the rise in fuel (US$24) for every ton of carbon p r i c e s . A d d i t i o n a l l y , t h e
government has invested billions of dollars on softening the blow on costs for businesses. "People have already seen pension increases and family payment increases and this assistance to families around the country will continue," PM Gillard told Australia's ABC. The controversial tax is a point of contention for voters who claim that Gillard has gone back on her pledge against introducing the legislation upon winning the 2010 elections. The opposition has vowed to overturn the law if they voted into power in the 2012 elections. Conservative leader Tony Abbot said on Sunday "on day one of the new parliament, the carbon tax repeal legislation will be introduced." "It [The carbon tax] will hit every Australian family's cost of living, it will make every Australian job less secure and it won't actually reduce emissions," he said. The treasurer of Australias second largest state, Queensland,
said that the tax would have the most significant impact on its workforce. As many as 21,000 jobs could be lost and salaries could drop by almost $2,940 (US$3,000), treasury figures indicate. "They're trying to use that (carbon tax) as an excuse, while consumers are confused, to actually put up prices more than what the carbon tax actually justifies," he told reporters on Sunday. Coal-fuel power currently provides Australia with around 85 percent of its electricity. The nation has an exceptionally lucrative mining industry and exports over 50 percent of its mined coal to East Asia. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
China opposes unilateral sanctions against Iran - China Daily

(china - Google News)
Submitted at 7/1/2012 11:01:29 AM
Bikya Masr China opposes unilateral sanctions against Iran China Daily China reiterated its opposition to unilateral sanctions against Iran, Foreign Ministry spokesman Hong Lei said on Friday, after Washington exempted China and Singapore from sanctions over purchases of oil from Iran. US officials say China is reducing purchases of Iranian oil Los Angeles Times ' China's economy needs to import Iranian crude oil' Tehran Times China responds to exemption from US sanctions People's Daily Online Reuters- Pittsburgh Post GazetteBikya Masr all 1,876 news articles
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student-led movement in May. The student movement, that also focused attention on alleged media bias in favour of the leader also backed by recent revelations in the Guardian, shook up what
had been a rather dull campaign. It did not, however, appear to have a major impact in preelection opinion polling. This entry passed through the Full-Text RSS service if this is
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Hawks eye view no more! Wimbledon mascot nabbed

favorite Andy Murray has reached the fourth round of the tournament after winning a nailWith tennis players taking a biting four-setter against Cypriot break at Wimbledon on Sunday, Marcos Baghdatis. London police are trying hard to The fourth-seed was the stronger find a hawk used to patrol the in the opening set. The Scotsman skies and deter pigeons from lawn pulled off a late break to take it 7tennis championships which 5. was stolen Friday. However, Baghdatis stepped it up According to police, Rufus the a gear in the second set as he Harrier hawk was snatched with saved six break points in the fifth its cage on Friday morning from a game to serve out the set, 6-3. car parked on a private driveway But the world number 42 could in the southeastern suburb of not maintain his momentum after Wimbledon. the play was halted due to The company that owns the hawk darkness. had left a rear window of the car With the roof closed, three-time open for ventilation, which turned semi-finalist Murray battled out to be a critical mistake. through a slight knee injury to Before being stolen, Rufus flew wrap up the next two sets 7-5, 6above the tennis lawns every day, 1. scaring away smaller birds that Next up for Murray is Marin could distract the players and C i l i c . T h e C r o a t o u t l a s t e d bother the audience. The tradition America's Sam Querrey in the dates back to the beginning of the second-longest match ever in 21st century. Wimbledon history, which lasted Returning to the courts, local 5 hours and 31 minutes.
In stark contrast, fifth seed JoWilfried Tsonga needed just over an hour and a half to book his berth in the last 16. The Frenchman cruised past Slovakia's Luk Lacko 6-4, 6-3, 6-3. Standing in the way next is tenth seed American Mardy Fish. The 30-year-old prevailed in a tight three-setter against Belgian wild card David Goffin. Elsewhere, three-time former finalist Andy Roddick crashed out as seventh-seed Spaniard David Ferrer came from a set down to win in four. Up next is Juan Martin del Potro. The Argentinean smashed his 12th ace to beat Japan's Kei Nishikori in straight sets. On the women's side, four-time winner Serena Williams toughed out a 6-7, 6-2, 9-7 victory against China's Zheng Jie. The American will face the sensational wildcard Yaroslava Shvedova. The player competing for Kazakhstan became the first
player to win every point in a set at the Grand Slam tournament since 1983. Shvedova won 6-0, 64 and utterly dominated the first set of the third-round match, preventing her Italian opponent Sara Errani from winning even one of the 24 points. Second seed Victoria Azarenka eased past Slovak Yana Cepelova 6-3, 6-3 to line up a meeting with Serbia's Ana Ivanovic, while Franchesca Schiavone of Italy rolled past Czech Klara Zakopalova to next play defending champion Petra Kvitova. The holder blitzed Varvara Lepchenko from the U.S. 6-1, 6-0. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Old guard Buffon & Pirlo overcome adversity as Italy's worldbeaters rise again - Goal.com
(Andrea Rossi - Google News)
Goal.com Old guard Buffon & Pirlo overcome adversity as Italy's world-beaters rise again Goal.com Old guard Gianluigi Buffon, Andrea Pirlo, Daniele De Rossi& Andrea Barzagli overcome adversity as Italy's 2006 world beaters rise again. Italy's No-Winger, Minimal Width Formation Actually A Massive Step Forward SB Nation Spain Vs. Italy Pre-Final Blog Forbes Spain must know what Azzurri are capable of India Today Goal.com India- Bet123.net- The National all 131 news articles
Builders bullish on local housing market - Tucson Citizen

(housing - Google News)
What might Wimbledon have in store for Week 2?

(Sports News Headlines Yahoo! News)
Submitted at 7/1/2012 10:30:52 AM
Builders bullish on local housing
market Tucson Citizen Metro Phoenix's housing-market recovery has spread to the new-
home market. Building permits, signs for one of Arizona's biggest new-home sales and prices have and most-important industries. been climbing steadily this year. and more All are long-awaited positive
Whew.
Top News/ Sports/
U.S. praises EU embargo of Iranian oil, presses Tehran

(Reuters: Top News)
Submitted at 7/1/2012 11:12:37 AM
China's Manufacturing Growth Weakens as New Orders Drop - Bloomberg

Submitted at 7/1/2012 11:06:33 AM
White House Press Secretary Jay Carney speaks to reporters about Operation Fast and Furious in the briefing room of the White House in Washington June 21, 2012. Credit: Reuters/Kevin Lamarque WASHINGTON| Sun Jul 1, 2012 12:12pm EDT (Reuters) - The White House praised the European Union for prohibiting Iranian crude oil imports into the 27-nation-bloc on Sunday and said Tehran had an opportunity in talks this week to make progress on international concerns about its nuclear program.
"The United States welcomes the European Union's prohibition of all Iranian crude oil imports and other sanctions on Iran's oil industry, which go into full effect today," White House spokesman Jay Carney said in a statement. "This collective decision of the 27 countries of the European Union represents a substantial additional commitment on the part of our European allies and partners to seek a peaceful resolution that addresses the international community's concerns about Iran's nuclear program." Carney said the EU move was an "essential part" of diplomatic efforts in dealing with Iran. "Iran has an opportunity to pursue
substantive negotiations, beginning with expert level talks this week in Istanbul, and must take concrete steps toward a comprehensive resolution of the international community's concerns with Iran's nuclear activities," he said. (Reporting by Jeff Mason; Editing by Sandra Maler) This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Bloomberg China's Manufacturing Growth Weakens as New Orders Drop Bloomberg China's manufacturing expanded at the weakest pace in seven months as overseas orders dropped, and South Korea cut its estimate for export growth this
year, underscoring risks to Asian economies from Europe's debt crisis. China June official PMI hits 7month low Reuters China Manufacturing Growth Slows Wall Street Journal China June Official PMI Hits 7 Month Lows CNBC.com MarketWatch all 197 news articles
Torres moves on in 50 free at US trials

Submitted at 7/1/2012 10:44:09 AM
at the U.S. Olympic swimming trials, while Dara Torres has qualified fifth-fastest in her bid to make a sixth Olympic team at 45.
Jessica Hardy is the leading qualifier in the 50-meter freestyle
Anti-China Protesters Take to Streets of Hanoi - Voice of America

Voice of America Anti- China Protesters Take to
Streets of Hanoi Voice of America Many protesters wanted to show support for law passed last week by Vietnam's National Assembly,
which states Vietnam's sovereignty claims in South China Sea. Tensions flare over South China Sea claims, Vietnamese demand
China backs... Washington Post Rare protest in Vietnam over China claims to offshore oil blocks Chicago Tribune all 169 news articles
10
Business/ Technology/
The Obamacare Bombshell Shouldn't Have Come As Such A Big Shock

Erin Fuchs (Business Insider)
Submitted at 7/1/2012 11:12:00 AM
While the Supreme Court's decision Thursday to save the heart of Obamacare surprised much of the public, the justices dropped a few hints during oral arguments about the fate of health reform. To be sure, conservative Chief Justice John Roberts gave little if any indication that he would uphold the mandate as essentially a tax. But it was clear from the oral arguments that he wanted to put a serious dent in Obama's Medicaid expansion. If you read the arguments closely, it's also fairly apparent that Anthony Kennedy wanted to kill it all. Justice Roberts indicated that he'd never let the feds force people to buy insurance as a type of "commerce." While Roberts ultimately saved Obamacare, he totally rejected the federal government's argument that it could compel people to buy insurance under its constitutional powers to regulate commerce. Instead, the chief justice found
that financially penalizing people who don't buy insurance can be "just another thing" that the government taxes. During oral arguments, Roberts seemed reluctant to let the government use its powers under the commerce clause to regulate insurance. That could be a slippery slope, Roberts indicated. "[O]nce we say that there is a market and Congress can require people to participate in it ... it seems to me that we can't say there are limitations on what Congress can do under its commerce power," Roberts said. The Chief Justice also indicated that he didn't favor Obamacare's expansion of Medicaid. Even though Roberts saved the core of health reform, he slashed a significant portion of Obamacare's Medicaid expansion. Under Roberts' opinion, the federal government can't threaten to take away states' Medicaid funding if they choose not to expand that program. And he revealed part of that sentiment during oral arguments. The federal government "has the authority under the provision to
say, you lose everything," Roberts said, during oral arguments. "No one has suggested in the normal course that will happen; but, so long as the federal government has that power it seems to be a significant intrusion on the sovereign interests of the state." And he also raised questions about whether the rest of the overhaul could survive if the Medicaid mandate was struck down.
indicate that allowing the government to use its commerce clause powers to force people to buy insurance would be a radical move. "Assume for the moment that this is unprecedented, this is a step beyond what our cases have allowed, the affirmative duty to act to go into commerce," Justice Kennedy asked the federal government. "If that is so, do you not have a heavy burden of justification?" "I understand that we must presume laws are constitutional," he added, "But, even so, when you are changing the relation of the individual to the government "But what if there isn't a Medicaid in this, what we can stipulate is, I expansion?" Roberts said. "We've think, a unique way, do you not talked about the individual h a v e a h e a v y b u r d e n o f mandate, but does the government justification to show authorization have a position on what should under the Constitution?" See the rest of the story at happen if the Medicaid expansion Business Insider is struck down?" Swing voter Justice Kennedy, Please follow Law & Order on who ultimately voted to kill Twitter and Facebook. Obamacare, also seemed to oppose the insurance mandate. During oral arguments, wild card Justice Kennedy seemed to
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11
KATIE HOLMES: Scientologists Are Now Watching Me

Henry Blodget (Business Insider)
Submitted at 7/1/2012 11:18:00 AM
Student Housing REITs Likely To Benefit From Low Student Loan Rate Extension - Seeking Alpha
Student Housing REITs Likely To Benefit From Low Student Loan Rate Extension Seeking Alpha This extension should be positive
news for the industries that service colleges and universities, including those that manage student housing options, such as student housing REITs. College students generally have three options when it comes to were...
Oh, brother. Here we go. In the weeks leading up to Katie Holmes filing for divorce from Tom Cruise, the world's most famous Scientologist, Holmes believes the Church of Scientology put a tail on her, TMZ reports. And the surveillance, apparently, continues. Specifically, TMZ reports that Holmes's movements are being monitored by mysterious people in a Cadillac Escalade and a Mercedes SUV. These people are apparently not affiliated with the media organizations following Holmes, TMZ says. TMZ has pictures of these vehicles and has put a call into the Church of Scientology. So far, there has been no response. Scientology is famously aggressive about "suppressive persons" who break from the Church or are vocally skeptical of it. And one would think that the Church might now view Katie
Housing is strong; more jobs needed - Buffalo News

Mob beats Indian MLA for second marriage - The News International
(Nation - Google News)
Submitted at 7/1/2012 10:42:44 AM
Holmes as the world's most suppressive person. It's also worth noting the quality of the vehicles that the suspected Scientology folks are apparently using to monitor Ms. Holmes. So much for el-cheapo unmarked vans! Earlier Rupert Murdoch startled Twitter by saying that Scientologists are "creepy, maybe even evil," a view shared by many non-Scientologists and some Scientologists who have left the
Buffalo News Housing is strong; more jobs needed Buffalo News The economic recovery in the Buffalo Niagara region is getting choppy. Our housing market Church. If the Church is, in fact, remains ... tailing Katie Holmes, this would not come as a surprise. SEE ALSO: No One Has Said Why Katie Holmes And Tom Cruise Are Divorcing, But You Have To Wonder If It Has Something To Do With This... Please follow The Wire on Twitter and Facebook. Join the conversation about this story
The News International Mob beats Indian MLA for second marriage The News International GUWAHATI: Indian Congress leader Rumi Nath was savagely attacked by a mob of 100 people for allegedly remarrying Jaki Jakir, a Muslim man, without taking divorce from her first husband. A mob of 100 people attacked the couple when the were having... Violence in Barak Valley over assault on MLA Rumi Nath Rediff Assam: Mob tried to rape me, says Congress MLA Rumi Nath IBNLive.com all 113 news articles
12
Business/ News Wire/
Here's A Look At Sony's New Spotify Killer For The iPhone

Kevin Smith (Business Insider)
Submitted at 7/1/2012 11:20:07 AM
U.S. praises EU embargo of Iranian oil, presses Tehran

(Reuters: Top News)
Submitted at 7/1/2012 11:12:37 AM
Sony's Music Unlimited yet another challenger to music streaming service Spotify. It's been around for awhile on Android and PlayStation-branded devices, but the app recently made its way to the iPhone. Still in its infancy, the app has a ways to go if it wants to steal users away from Spotify. Music Unlimited isn't as fullyfeatured as Spotify on the iPhone. For example, you can only stream music, not save it to your phone so you can listen offline. (Sony tells us that feature is coming later.) But if streaming is all that matters to you, then Music Unlimited could be worth a look. (Just make sure you're connected to Wi-Fi. Streaming a lot of music will eat up your data plan.) Music Unlimited offers two plans: The basic plan will set you back $3.99 per month and offers multiple device access, music discovery, international access,
and social sharing. The premium plan is $9.99 per month and offers more than the basic plan. Premium plan users can f ind and play any song (in Sony's library) as often as you want from millions of tracks instantly. No limitations. Premium users can also, browse top charts and new releases in addition to everything that a basic plan can get you. Check out the full details of the plans directly on
Sony's website. Download the app here. Tap to open. Sign in with your user name and password. The home page show you all the latest music. See the rest of the story at Business Insider Please follow SAI: Tools on Twitter and Facebook.
White House Press Secretary Jay Carney speaks to reporters about Operation Fast and Furious in the briefing room of the White House in Washington June 21, 2012. Credit: Reuters/Kevin Lamarque WASHINGTON| Sun Jul 1, 2012 12:12pm EDT (Reuters) - The White House praised the European Union for prohibiting Iranian crude oil imports into the 27-nation-bloc on Sunday and said Tehran had an opportunity in talks this week to make progress on international concerns about its nuclear program. "The United States welcomes the European Union's prohibition of all Iranian crude oil imports and other sanctions on Iran's oil industry, which go into full effect today," White House spokesman Jay Carney said in a statement. "This collective decision of the 27 countries of the European Union
represents a substantial additional commitment on the part of our European allies and partners to seek a peaceful resolution that addresses the international community's concerns about Iran's nuclear program." Carney said the EU move was an "essential part" of diplomatic efforts in dealing with Iran. "Iran has an opportunity to pursue substantive negotiations, beginning with expert level talks this week in Istanbul, and must take concrete steps toward a comprehensive resolution of the international community's concerns with Iran's nuclear activities," he said. (Reporting by Jeff Mason; Editing by Sandra Maler) This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
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13
Analysis: Stockton, California new paradigm for struggling cities

(Reuters: Top News)
People walk past shuttered businesses in downtown Stockton, California June 27, 2012. Credit: Reuters/Kevin Bartram By Hilary Russ NEW YORK| Sun Jul 1, 2012 8:04am EDT (Reuters) - Stockton, California, the largest city in the United States to ever file for bankruptcy, could create a new template for struggling cities and potentially lift the stigma that scars municipalities if they seek court protection from creditors. If Stockton, which filed for Chapter 9 municipal bankruptcy on June 28, can reach consensus with its creditors and craft a plan to exit bankruptcy quickly others may follow suit, legal experts said. "Successful cases breed more filings," said Andrew Glenn, a bankruptcy partner in New York at Kasowitz Benson Torres & Friedman. "Municipalities watch these cases closely around the country, and once the template is set up, if other towns have these problems, they're going to follow the template." Other cities and counties have gone bankrupt because of a bad investment or ill-conceived public works project, like the sewer
system that sank Jefferson County, Alabama, into $3.14 billion of debt. But Stockton may be a new breed of failing city, swamped by routine costs, pension payments, a payroll for city employees, a years -long economic slide and depressed housing tax receipts the same issues that currently face many other cities still struggling to recover from the cavernous U.S. recession. "Stockton is a precursor of something very different" from Jefferson County, Glenn said. "That's what makes it sort of a game-changing type of a case." It will be the first case to test California's mandated mediation process. State lawmakers changed the rules after the city of Vallejo went bankrupt in 2008 and then slogged through a three-year bankruptcy battle that racked up at least $10 million in attorneys' fees. Now, unless they declare a fiscal emergency, California municipalities must participate in mediation before they are allowed to file for bankruptcy. Each state has different requirements for cities and towns that want to file for Chapter 9 bankruptcy. Some use budget commissions, receivers and other measures to try to help resuscitate cities before
allowing them to go bankrupt as a last resort. Nearly half of U.S. states don't allow municipal bankruptcies at all. James Spiotto, a partner at Chapman and Cutler in Chicago, said California is the only state that requires mediation prior to a Chapter 9 filing. A similar proposal failed to pass the Illinois legislature this session, he said. He also noted in a recent national survey of Chapter 9 state provisions that California labor unions supported the mediation law as "a reaction to the difficulties they experienced in the city of Vallejo Chapter 9 bankruptcy proceeding." 'A HUGE LEG UP' Though the mediation process didn't stave off the bankruptcy for Stockton, lawyers said it forced the city and creditors to talk to each other ahead of time and put the city in a better position going into court - and could result in a quicker exit from the case. "Stockton is incredibly wellprepared for a bankruptcy filing and very forthcoming in terms of disclosing to creditors and the public," said Karol Denniston, a bankruptcy partner at Schiff Hardin in San Francisco. A third of Stockton's creditors reached agreements with the city during mediation, giving the city "a huge leg up, because at least
they're not filing bankruptcy like Vallejo did, fighting with everybody," she said. That result will also allow the city to show a bankruptcy judge it has tried in good faith to negotiate with creditors and is truly insolvent - requirements a California city must normally meet for a bankruptcy filing to be ruled valid. One big step Stockton is not expected to take is to attempt to dodge its pension obligations to city employees. If it did, the city would have to confront the powerful California Public Employees' Retirement System (Calpers), which handles pension plans for many California cities and counties. Calpers and unions around the country have made it clear they see a pension as an iron-clad right, one that's legally protected even in a bankruptcy. Whether pensions are contract rights, which can be changed, or property rights, which are protected under the U.S. Constitution, has never been tested in court. That's largely because of the time, money and emotional effort it would take for a municipality to fight deep-pocketed and politically connected pension systems to full resolution at an appellate level, experts said.
"Calpers is going to push back hammer and tong," said Kenneth Klee, a professor at the University of California at Los Angeles Law School. Public employees pensions weren't challenged by Vallejo, which used the same attorneys Stockton has hired. BANKRUPTCY A LAST RESORT Even so, bankruptcy is no easy road for municipalities. Business leaders in Jefferson County, which last year filed the biggestever U.S. municipal bankruptcy, at $4.23 billion have said the bankruptcy has deterred industrial investment. Stockton, as a case everyone's watching, could also be a deterrent to some other cities. "The threat of bankruptcy is quite a lever, particularly if people believe it's a realistic threat," said Mark Kalla, a partner at Barnes & Thornburg in Minneapolis. "It may make other cities' negotiations more successful, more fruitful." The possibility that Providence, Rhode Island could run out of money and eventually have to file for bankruptcy prompted labor unions, retirees and city officials to come to the table and reach a tentative deal in May on pension ANALYSIS: page 15
14
News Wire/
Millions in Dark and It's Sweltering

(FOXNews.com)
storm, known as a derecho -- a straight-line wind storm that sweeps over a large area at high States declare emergency after speed. storms leave at least 12 dead and "Unlike a polite hurricane that millions without power gives you three days of warning, Powerful storms swept through this storm gave us all the impact the eastern United States Friday of a hurricane without any of the night, resulting in at least 12 w a r n i n g o f a h u r r i c a n e , " deaths and leaving more than Maryland Gov. Martin O'Malley three million without power. said. WASHINGTON Utility crews With the power out, authorities untangled downed power lines also warned people to be careful and tree limbs Sunday, working to w h e n u s i n g g e n e r a t o r s a n d get the electricity turned back on candles to help light darkened for millions of people facing a homes. s e c o n d d a y o f 1 0 0 - d e g r e e The bulk of the storm damage temperatures without modern was in West Virginia, Washington conveniences like air conditioning and the capital's Virginia and and refrigeration. Maryland suburbs. At least six of On Saturday, many people the dead were killed in Virginia, flocked to places like malls and including a 90-year-old woman movie theaters in the hope the asleep in her bed when a tree lights would be on again when slammed into her home. Two they returned home. Utilities were young cousins in New Jersey slowly making progress, but more were killed when a tree fell on than 3 million people still had no their tent while camping. Two electricity and could only watch were killed in Maryland, one in their thermostats climb. It could Ohio, one in Kentucky and one in be several days before all the Washington. power outages are restored. In Washington's northern Strong winds from the storms late Virginia suburbs, emergency 911 Friday toppled massive trees onto call centers were out of service; cars and blocked roads, and residents were told to call local officials asked residents not to police and fire departments. Huge drive until they could clear debris trees toppled across streets in the from the streets. When a hurricane nation's capital, crumpling cars. is lumbering their way, state Cellphone and Internet service officials have time to get extra was spotty, gas stations shut down personnel in place so they can and residents were urged to immediately start on cleanup. conserve water. That wasn't the case with this The power outages were
Submitted at 7/1/2012 11:03:30 AM
especially dangerous because they left the region without air conditioning in an oppressive heat wave. Temperatures soared to highs in the mid-90s Saturday in Baltimore and Washington, a day after readings of up to 104 degrees were reported in the region. Yet another day of temperatures reaching 100 degrees was forecast for much of the region Sunday. Three Baltimore City fire companies set to permanently close this week were staying open several more days to help cope. New Jersey Gov. Chris Christie ordered the National Guard to deliver fuel for generators and fresh water to stricken areas. He reported that power had been restored to such tourist areas as Atlantic City's casinos. In West Virginia, 232 Amtrak passengers were stranded Friday night on a train blocked on both sides of the tracks by toppled trees. Brooke Richart, a 26-year-old teacher from New York City, was among the passengers stranded for 20 hours. She read half a book and took walks outside the train, which had light, air conditioning and food the entire time. But she called the wait "trying." "Thankfully we could go in and out of the train because we were there so long. If you wanted to stretch your legs or take a walk, you could," she said. Amtrak spokesman Steve Kulm
said passengers were taken away by buses Saturday night. Meanwhile, officials focused on the most vulnerable residents: children, the sick and the elderly. In Charleston, W.Va., firefighters helped several people using walkers and wheelchairs get to emergency shelters. One of them, David Gunnoe, uses a wheelchair and had to spend the night in the community room of his apartment complex because the power -- and his elevator -- went out. Rescuers went up five floors to retrieve his medication. Some sought refuge in shopping malls, movie theaters and other places where the air conditioning would be cranked up. Others simply tried to make the best of a bad situation. In the Columbus, Ohio, suburb of Dublin, Lori Schaffert said her household borrowed a generator from a friend and was alternating it between the refrigerator and freezer while using flashlights and battery-operated lanterns for light. Her 5-year-old daughter and a neighbor friend played board games and helped her make pickles from their garden's cucumbers. "You come to appreciate the simple life a little more in these times," Schaffert said. Some major online services also saw delays and disruptions. Netflix, Instagram and Pinterest resorted to using Twitter and Facebook to update subscribers
after violent storms across the eastern U.S. caused server outages for hours. Netflix and Pinterest restored service by Saturday afternoon. Instagram used its Facebook fan page to communicate with users of its photo-sharing service. It posted a message on Saturday morning that blamed the electrical storm for the outage that sent its engineers scrambling to restore service. Print Email Share Comments Recommend Tweet Related Video Summer storms tear through eastern states Share This Article Newsletter Signup Sign up for free e-mail news alerts from FoxNews.com and FoxBusiness.com. Newsletter Signup This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
News Wire/
15
China June official PMI hits 7month low

(Reuters: Top News)
ANALYSIS:
Zhang's cautious tone backed estimates among some analysts that China's economy could BEIJING| Sun Jul 1, 2012 worsen in the third quarter as 9:55am EDT previous policy easing takes time (Reuters) - China's factory to filter through, potentially downturn worsened in June as a jeopardizing Beijing's 2012 key activity index hit a seven- growth target of 7.5 percent. month low, data expected to raise A protracted slowdown in China expectations the central bank may would further hobble a world seek more policy easing to revive economy already bruised by t h e w o r l d ' s s e c o n d - l a r g e s t Europe's nagging debt crisis, and economy. an ailing U.S. economic recovery. The official Chinese purchasing It is also a headache for Beijing as managers' index (PMI) fell to 50.2 exporters are mainstay employers i n J u n e a f t e r s e a s o n a l in China. adjustments, the National Bureau Sunday's PMI suggested Chinese of Statistics said on Sunday, factories struggled with lackluster above forecasts for 49.8, but foreign and domestic demand in down from May's 50.4. June. That was the worse reading since The sub-index for new export November last year, and a sharp orders had its biggest monthly fall fall in export orders and shrinking since December, shedding 2.9 new orders suggested a recovery percentage points to 47.5. New is not in sight. This would fuel orders, which include domestic bets that Beijing could further orders, slipped 0.6 percentage relax monetary policy as soon as points to 49.2. this month, an analyst said. This means factories received "New orders and input prices are fewer orders in June from May as still falling, which show there are the 50-point level separates still many factors affecting expansion from contraction. p r o d u c t i o n . A r e c o v e r y i n The dour numbers underline industrial output would take worries that China may miss its time," Zhang Liqun, a government 2012 target to grow imports and researcher, said in a statement exports by 10 percent, a level accompanying the PMI data. Trade Minister Chen Deming said
would be met only if the country is "lucky". Economists are not counting on it. A Reuters poll in May showed they expect China's economy to clock its worse annual growth in 13 years this year at 8.2 percent. IMMINENT RRR CUT? As China heads into its once-adecade leadership change later this year, Beijing -- which believes strong growth legitimizes its rule -- is eager to do what it can to keep the economy growing briskly. With China's inflation likely to stay benign, Beijing has room to act. The country's annual inflation ran at 3 percent in May, below a 2012 target of 4 percent. The PMI input prices sub-index stood at 31/2-year lows of 41.2 in June. To shore up growth, Beijing lowered interest rates once and reduced banks' reserve requirement ratio (RRR) twice this year. Traders said on Friday they anticipate the central bank to lower banks' RRR soon to ease a recent liquidity squeeze, triggered by regulatory requirements and a large initial public offering. Small Chinese firms have also complained that loans are hard to come by despite lower lending
and healthcare benefit reforms. Firefighters, police officers and city workers could have faced more layoffs, and retirees could have seen steep cuts in benefits, if the city went under. rates. They say tight credit Retirees have approved the conditions further aggravate agreement, and if union members sluggish business. sign off the deal is expected to Sunday's PMI showed the save the city up to $18.5 million a smallest Chinese factories were year and help avert insolvency. indeed hardest hit. The PMI for Cities may also be drawn to small businesses languished under negotiate because they need good 50 for the third straight month at credit ratings to borrow money at 47.2. The PMI for big factories affordable rates - ratings that are stood at 50.6, and that for midharmed by defaults on loans and sized companies at 50. bankruptcy filings. But Hua Zhongwei, an economist Both Standard & Poor's Rating at Huachuang Securities, was Services and Moody's Investors hopeful of an imminent recovery. Service cut Stockton's credit He expects economic growth to ratings in the days leading up to trough at around 7.8 percent in the its bankruptcy filing. second quarter, before quickening "This is a case the whole country to 8 percent over the next three is watching," Denniston said. "It months. is a case where we're all looking "The government and banks will to see if we can create a better ratchet up support for growth and way to do this." we could see some impact from (Reporting by Hilary Russ; their efforts in the third quarter," Additional reporting by Jim Hua said. Christie in San Francisco;, Editing (Reporting by Koh Gui Qing; by Tiziana Barghini; and Todd Additional reporting by Kevin Eastham) Yao; Editing by Ed Lane) This entry passed through the This entry passed through the Full-Text RSS service if this is Full-Text RSS service if this is your content and you're reading it your content and you're reading it on someone else's site, please read on someone else's site, please read the FAQ at fivefilters.org/contentthe FAQ at fivefilters.org/contentonly/faq.php#publishers. Five only/faq.php#publishers. Five Filters recommends: Donate to Filters recommends: Donate to Wikileaks. Wikileaks.
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News Wire/ Technology/
Iran Vows to 'Confront' New EU Oil Sanctions

(FOXNews.com)
Submitted at 7/1/2012 11:03:30 AM
Jan. 14, 2012: Iran's President Mahmoud Ahmadinejad (C) as First Vice President Mohammad Reza Rahimi looks on at Tehran's Mehrabad airport after Ahmadinejad's visit to Latin American countries Reuters TEHRAN, Iran Iran said Sunday that it has "plans" to deal with a new EU embargo on the country's oil sector and enough hard currency to meet its import needs. The remarks by central bank governor Mahmoud Bahmani carried by the semiofficial Mehr news agency are the first reaction from a senior Iranian official on the day that the sanctions, meant to pressure Tehran over its controversial nuclear program, are to go into effect. The EU said earlier this week that all contracts for importing
The U.S. and EU measures are intended to pressure Iran over fears that it is developing nuclear weapons. Iran denies the charges. Print Email Share Comments Recommend Tweet Share This Article Newsletter Signup Sign up for free e-mail news alerts from FoxNews.com and FoxBusiness.com. Newsletter Signup Iranian oil will have to be Iranian crude from about 2.5 received waivers from the U.S. to This entry passed through the terminated from Sunday. Also, million barrels a day last year to import some Iranian oil despite Full-Text RSS service if this is your content and you're reading it European companies will no between 1.2 and 1.8 million the punitive measures. longer be involved in insuring barrels now. The State Department has on someone else's site, please read Iranian oil. "We have not remained passive. announced that China, India, the FAQ at fivefilters.org/contentThe measures come on top of For confronting the sanctions, we Japan, Malaysia, South Korea, only/faq.php#publishers. Five previous sanctions levied by the have plans in progress," he said. Singapore, South Africa, Sri Filters recommends: Donate to U.S. and the West that have On Saturday Bahmani said Iran is Lanka, Turkey and Taiwan have Wikileaks. already hit Iran's economy. U.S. "easily" selling its oil despite all been given waivers from the U.S. o f f i c i a l s s a y t h e A m e r i c a n current and future sanctions in exchange for "significantly sanctions have cut exports of because some countries have reducing" oil imports.
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News Wire/ Sports/
17
State Trooper Falls 90 FeetTo Death During Rescue

(FOXNews.com)
Submitted at 7/1/2012 11:03:30 AM
This photo shows Utah State Trooper Aaron Beesley. Fox 13 SALT LAKE CITY A 13-year veteran of the Utah Highway Patrol fell to his death from a 90foot cliff Saturday while rescuing two teenagers on Mount Olympus. Fox 13 reports 34-year-old Aaron Beesley fell while participating in an aerial search and rescue mission for two teenage hikers on the Mount Olympus trail.
Aerial crews located and rescued the two teenagers, and Beesley was left to wait at the top of the mountain until the crews could return for him. Officials tell Fox 13 they believe Beesley may have dropped his pack and when he went to retrieve it, lost his footing and plunged the 90 feet to his death. Rescue crews found Beesley about 45 minutes later at the bottom of the cliff. The trooper died while engaged in a heroic effort to save two individuals, UPD Sheriff James Winder tells Fox 13. Beesley leaves behind a wife and
Tweet Share This Article Newsletter Signup Sign up for free e-mail news alerts from FoxNews.com and FoxBusiness.com. Newsletter Signup This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
three children, a 7-year-old and 5year-old twin boys. Click for more from Fox 13. The Associated Press contributed to this report.
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Epoch Times | National, World, China, Sports, Entertainment News

(Epoch Times | National, World, China, Sports, Entertainment News)
Hurricanes sign Jordan Staal to 10-year deal

Submitted at 7/1/2012 10:45:59 AM
Top Stories A tourist resort in Indias Andaman Islands accused of offering controversial human safaris. A major American defense
contractor sold technology that would help China develop its first military attack helicopter and was fined $75 million. European leaders gathering in Brussels this week are trying to chart a course out of the quagmire of the euro crisis by looking at options for greater European integration.
Jiang Zemins son was found to be implicated in several major corruption scandals in 2007, revealing secrets behind China's money laundering. A report, authored by a retired Russian colonel general, suggests China has up to 1,800 warheads as opposed to the 300 or 400 currently thought.
This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
The Carolina Hurricanes have signed new center Jordan Staal to a 10-year contract extension.
18
World News/
Family of murdered shopkeeper in emotional appeal for information - stv.tv

Submitted at 7/1/2012 10:46:44 AM
BBC News Family of murdered shopkeeper in emotional appeal for information stv.tv The family of murdered Paisley shopkeeper Javaid Ali have issued an emotional appeal for anyone with information on his death to come forward. The 48-year-old father of three spent two weeks
fighting for his life after being stabbed in his Sunshine... Family plea over murder of Paisley shopkeeper Javaid Ali BBC News Shopkeeper stabbed in attack dies The Press Association Scottish News: Friends pay tribute to grocer Javaid Ali who was stabbed to... Scottish Daily Record Herald Scotland all 118 news articles
Police nab man suspected of 'Ned Kelly' murder - Herald Sun

NSW man Edward Kelly's head has not been... Territory manhunt for suspected Sydney Morning Herald killer ends with arrest The Police nab man suspected of 'Ned Australian Kelly' murder Accused killer Stenberg arrested Herald Sun Sydney Morning Herald Video Image NT police capture Decapitation suspect captured in wanted man NT police have elaborate bush camp with loaded confirmed the capture of Jonathan guns The Daily Telegraph Stenberg, wanted in connection ABC Online- Ninemsn- Brisbane with a NSW murder. 'Ned Kelly' Times suspect found by NT police all 176 news articles Stenberg accused of decapitating
Submitted at 7/1/2012 10:37:03 AM
Would-be Britons 'to recite God Save the Queen' for citizenship test - Metro
Submitted at 7/1/2012 10:16:24 AM
Baden-Clay's family Akhilesh Yadav makes want this man to help b'day a simple affair Daily News & Analysis - NEWS.com.au
(Nation - Google News) (Nation - Google News)
Submitted at 7/1/2012 10:30:27 AM
NEWS.com.au Baden-Clay's family want this man to help NEWS.com.au ACCUSED wife killer Gerard Baden-Clay is bringing in celebrity lawyer Chris Nyst as a legal adviser as he steps up the fight for his innocence. But Mr Nyst - who has acted for highprofile defendants including
"Postcard Bandit" Brenden Abbott,... Gerard Baden-Clay hires highprofile Gold Coast lawyer Chris Nyst to defend... Courier Mail Parents of accused killer Gerard Baden-Clay empty rented Brookfield house Herald Sun Gerard Baden-Clay's father silent on 12.30am phone call, police say The Daily Telegraph Perth Now- Sky News Australia all 30 news articles
Submitted at 7/1/2012 10:49:12 AM
IBNLive.com Akhilesh Yadav makes b'day a simple affair Daily News & Analysis Place: Lucknow | Agency: PTI Uttar Pradesh Chief Minister Akhilesh Yadav today celebrated his 39th birthday at his official residence here without the pomp and show with which his predecessor used to celebrate the
Metro Would-be Britons 'to recite God Save the Queen' for citizenship test Metro Foreign nationals wishing to become British citizens will be required to know the first verse of God Save the Queen and key historic facts under a rewritten test, it has been claimed. The new test - due to come into effect this autumn - will focus on... Theresa May 'planning changes to immigrant test' BBC News UK migrants to face 'patriotic' citizenship test The Guardian Immigrants will be forced to learn first verse of national occasion. "Unlike in previous anthem as... Daily Mail Telegraph.co.uk- The Press Mayawati... Ensure clean image of the party: Association- ITV News A k h i l e s h t o m i n i s t e r s all 138 news articles IBNLive.com Akhilesh writes to ministers, asks them to fall in line Business Standard Accept no expensive gifts,no gold crowns,and declare your assets: CM to his... Indian Express all 13 news articles
World News/ Technology/ Featured/
19
Julia Gillard says Malaysia Rains down by 31%, Solution on asylum seekers showers likely in South India could be scrapped - Perth Now in 4 days - Times of India
Submitted at 7/1/2012 10:21:55 AM
Brisbane Times Julia Gillard says Malaysia Solution on asylum seekers could be scrapped Perth Now Prime Minister Julia Gillard said she would take the advice of the group she had appointed seriously. Picture: Kym Smith Source: News Limited Tony
Abbott says Julia Gillard's new independent committee on the asylum seeker issue is not a solution. Coalition floats 'asylum centres at sea' idea The Australian Labor the loser in blame game over boats deadlock Sydney Morning Herald Combet slams Greens over Senate stance Brisbane Times all 593 news articles

Submitted at 7/1/2012 10:50:35 AM
BBC News Rains down by 31%, showers likely in South India in 4 days Times of India India's crucial monsoon rains have been 31% deficient so far but the weather office has forecast increase in rainfall for peninsular region and fall in temperature for northern region over the next four
days. NEW DELHI: India's crucial monsoon rains... Rains down by 31 pc; showers likely in South India Zee News IMD predicts a turnaround in monsoon scenario The Hindu Monsoon seen picking up after slow start, says forecasters Economic Times Hindustan Times- IBNLive.comIndian Express all 122 news articles
Colorful Feathered Fashion - 'Bird of Asphalt' by Fernando Gomez is Stunningly Beautiful (TrendHunter.com)
(TREND HUNTER - The Latest Trends)
Vince Cable: referendum on EU is horribly irrelevant - Telegraph.co.uk

Submitted at 7/1/2012 11:10:35 AM
Telegraph.co.uk Vince Cable: referendum on EU is horribly irrelevant Telegraph.co.uk A referendum on Britain's membership of the European Union is "horribly irrelevant" at a time of upheaval, Vince Cable has said, as backbenchers accuse the
Prime Minister of "aluminium guarantees" after hinting at a vote in or after 2015. William Hague: 'Powerful case' for EU referendum BBC News PM accused of weak stance on Europe referendum The Guardian Cameron could consider EU referendum Financial Times AFP- WalesOnline all 834 news articles
Colorful Carnival Captures - The Franck Bohbot Day of Celebration Series Evokes Nostal (TrendHunter.com)
Cat-Themed Restaurants - The Hello Kitty Sweety House Cafe is Adorably Designed (TrendHunter.com)
( TrendHunter.com) Bird of Asphalt by Fernando Gomez is a beautiful fashion shoot featuring Tania Ryneiskaya from Sight. This story depicts a young woman who is trying to to find herself in an unoccupied and...
WaPo: 'Manmade Climate Warming' Maybe Responsible for Heat, Storm

Daniel Halper (The Weekly Standard)
Submitted at 7/1/2012 10:38:00 AM
( TrendHunter.com) The photographs in the Franck Bohbot Day of Celebration series are filled with magical wonderment. The captures were shot by the French photographer at the Parisan fair Foire du Trne. As the...
( TrendHunter.com) The Hello Kitty Sweety House Cafe in Muar, Malaysia is adorably designed with pink furnishings and walls. The popular animated cat has won the hearts of little girls all over the world. In fact,...
The Washington Post considers the heat wave and derecho thunderstorm that hit the Washington, D.C. area on Friday and wonders what role "manmade climate warming" might have played.
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Technology/
The Art Of Manipulation

Nir Eyal (TechCrunch)
Editors Note: Nir Eyal is a founder of two startups and an advisor to several Bay Area companies and incubators. He is a Lecturer in Marketing at the Stanford Graduate School of Business and blogs about the intersection of psychology, technology, and business at NirAndFar.com. Follow him on Twitter@nireyal and see his previous Techcrunch posts here. Lets admit it, we in the consumer web industry are in the manipulation business. We build products meant to persuade people to do what we want them to do. We call these people users and even if we dont say it aloud, we secretly wish every one of them would become fiendishly addicted. Users take our technologies with them to bed. When they wake up, they check for notifications, tweets, and updates before saying good morning to their loved ones. Ian Bogost, the famed game creator and professor, calls the wave of habit-forming technologies the cigarette of this century and warns of equally addictive and potentially destructive side-effects. When Is Manipulation Wrong? Manipulation is a designed experience crafted to change behavior we all know what it feels like. Were uncomfortable when we sense someone is trying
to make us do something we wouldnt do otherwise, like when at a car dealership or a timeshare presentation. Yet, manipulation cant be all bad. If it were, what explains the numerous multi-billion dollar industries that rely heavily on users willfully submitting to manipulation? If manipulation is a designed experience crafted to change behavior, then Weight Watchers, one of the most successful mass-manipulation products in history, fits the definition. Much like in the consumer web industry, Weight Watchers customers decisions are programed by the designer of the system. Yet few question the morality of Weight Watchers. But whats the difference? Why is manipulating users through flashy advertising or addictive video games thought to be distasteful while a strict system of food rationing is considered laudable? A More Addictive World Unfortunately, our moral compass has not caught-up with what technology now makes possible. Ubiquitous access to the web, transferring greater amounts of personal data at faster speeds than ever before, has created a more addictive world. Addictiveness is accelerating and according to Paul Graham of Y Combinator, we havent had time to develop societal antibodies to addictive new things. Graham puts responsibility on the user:
Unless we want to be canaries in the coal mine of each new addictionthe people whose sad example becomes a lesson to future generationswell have to figure out for ourselves what to avoid and how. But what of the people who make these manipulative experiences? The corporations who unleash these addictive technologies are, after all, made up of human beings with a moral sense of right and wrong. We too have families and kids who are susceptible to addiction and manipulation. What shared responsibilities do we code slingers and behavior designers have to our users, to future generations, and to ourselves? The Manipulation Matrix I offer a simple decision support tool for entrepreneurs, employees, and investors to be used long before product is shipped or code is written; even before customer development has begun. The Manipulation Matrix does not try and answer which businesses are moral or which will succeed. Nor does it describe what can and cannot become a habit-forming technology. The matrix seeks to help you answer not, Can I hook users? but Should I attempt to? To use the Manipulation Matrix, the maker needs to ask two questions. First, Will I use the product myself? and second, Will the product help users materially improve their lives? The Facilitator When you create something that
you will use and believe makes the users life better, youre facilitating a healthful habit. Its important to note that only you can decide if you would actually use the service and what materially improving the life of the user really means. If you find yourself squirming as you ask yourself those questions or needing to create a preamble starting with, If I were a STOP! You failed. You have to actually want to use the product and believe it materially benefits your life as well as the lives of your users. The one exception is if you would have been a user in your younger years. For example, in the case of an education company, you may not need to use the service right now, but are positive you would have used it in your not so distant past. Note however that the further you are from your former self, the lower your odds of success. While I dont know Mark Zuckerberg or the Twitter founders personally, I believe from their well-documented stories that they would see themselves as making products in this quadrant. There is also a long list of companies creating new products to improve lives by facilitating healthful habits. Whether getting users to exercise more, creating a habit of journaling, or improving back posture, these companies are run by authentic entrepreneurs who desperately want their products to
exist, firstly to satisfy their own needs. But what about when an addiction to a well-intended product becomes extreme, even harmful? For a product in this quadrant, I agree with Paul Graham in saying the responsibility falls to the user. In any normal distribution, a small percentage of people will be on the extremes. If the designers make a product that they would use themselves, and they believe it improves the lives of their users, they have fulfilled their moral obligation. To take liberties with Mahatma Gandhi, facilitators build the change they want to see in the world. The Peddler But heady altruistic ambitions can at times, get ahead of reality. Too often, designers of manipulative technology have a strong motivation to improve the lives of their users, but when pressed, they admit they would not actually use their own creations. Their holier-than-thou products often try to gamify some task no one actually wants to do by inserting hackneyed incentives like badges or points that dont actually hold value for the user. Fitness apps, charity websites, and products that claim to suddenly turn hard work into fun often fall in this quadrant. But possibly the most common example is in peddler advertising. ART page 24
Technology/
21
Facebooks Mobile Future Rests On Todays Feature Phone Users

Alexia Tsotsis (TechCrunch)
Submitted at 7/1/2012 11:00:57 AM
Editors Note: The following guest post by Thomas Clayton, the Chief Executive Officer of voice blogging startup Bubble Motion. Prior to Bubble Motion, Clayton was GM of the Worldwide Telecom Business at BEA Systems, an infrastructure software company acquired by Oracle for $8.5B USD. Clayton holds a BA from Harvard Business School and a BS degree from UC Berkeley. It goes without saying that Facebook is the darling of this eras technology boom. However, as many have repeated over the last month since its IPO, the company is now turning to face some major obstacles. Namely, adoption of the service is slowing, and the company is making little revenue off its increasingly large base of mobile users. Im going to explain how Facebook can both supercharge user adoption potentially hitting three billion users by 2014 and who they can work with to boost their mobile revenues drastically. In fact, the strategy may seem counter-intuitive in its simplicity: Facebook must prepare to go old school and partner with wireless carriers in its fastest growing emerging markets.
Find Tomorrows Smartphone Users Today, there are five billion mobile connections across the globe. According to Cisco, by 2016, this number will double to 10 billion connections across eight billion mobile devices. Facebook has the opportunity to be installed on every single one, but the company must start now in order to get in front of this coming wave of smartphone adoption. Who are the smartphone users of tomorrow? The feature phone users of today. Facebooks long-term vision and successfully monetizing mobile depends on penetrating this market. The company knows this: theyve improved the biggest draws of Facebook on mobile, the News Feed, released the standalone Facebook Camera app, and are rolling out a mobile-only ad platform. On the feature phone side, they acquired Snaptu in March 2011 an app platform that allowed users to access services like Facebook and Twitter from webenabled feature phones. They rolled the technology out as Facebook for Every Phone in June 2011, and partnered with hundreds of operators around the world to entice users by making the associated data free for 90
days. In the year since, the app page has registered a whopping 90 million likes. With todays social juggernauts building their mobile services exclusively on smartphone platforms like iOS, Android, and Windows Phone, they are leaving out an enormous potential user base: 90 percent of mobile users in the developing world do not have smartphones. For example, mammoth developing economies in Asia such as China, India, and Indonesia all have a smartphone penetration rate of less than 10 percent, compared to 50+ percent in the U.S. and most developed countries. Moreover, 90 percent of those feature phones do not even have data connectivity. Thus, even companies that build apps enabled for feature phones, are still missing out on the masses in extremely large developing markets. Catering to feature phone users in the developing world in the shortterm allows companies to ensure a vast upside in five years, as users accelerate their migration towards lower-cost smartphones. Services and social networks like Facebook are currently only addressing the tip of the iceberg of this unrealized upside. They should look to entrench their services
even deeper into the developing world in order to fuel mass growth and user adoption. After all, while average ARPU of these feature phone users in developing markets is significantly lower than smartphone users in developed markets and the mobile ad revenue markets are still in their infancy, the consumers willing to pay for subscription service and access to social media services is phenomenally higher than in developed markets since paying for these types of services via a prepaid card is the norm and far more frictionless. Friending Emerging Market Operators Many of Facebooks services can be adapted to feature phones via very basic telephony services SMS and voice networks for retrieval of updates and USSD for authentication and login. Thus, a user wouldnt even need a data connection, much less a smartphone or app. Of course, this is not an easy endeavor and requires deploying servers in an operators network, but looking at the new users it would bring to the service, it is an extremely small price to pay. This would allow the billions of users on feature phones with no data connectivity in feature phones to access the
service and their willingness to pay a monthly subscription for this is extremely high. Moreover, it acts as bridge to higher tech mobile devices as consumers upgrade over the next five years. Working with mobile operators can be challenging, but ultimately phenomenally rewarding. For example, my company Bubble Motion was able to attract 17 million users in less than two years and monetize them quite significantly, with no marketing spend whatsoever, by working directly with wireless carriers in a handful of target countries across Asia. Our potential user footprint is a whopping 2+ billion feature phones, which is far beyond what we couldve hoped for on a smartphone app. We recently launched a smartphone app version of our service, Bubbly, but for the foreseeable future, our feature phone users will be the overwhelming majority of our revenue stream. Like I said, while ARPU of smartphone users may be higher, the willingness of social media-starved feature phone users to pay for services is significantly higher. By cracking a few deals with mobile operators in target highgrowth countries, Facebook could FACEBOOKS page 26
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Technology/
Rise Of The Enterprise Toys

Aaron Levie (TechCrunch)
company. Explicitly modeled off of Twitter, it allowed people to post and respond to ideas and Editors note: This post was k e e p t r a c k o f e a c h o t h e r s written by guest contributor a c t i v i t i e s . I t s t h e s i s w a s Aaron Levie, CEO and co- unassuming at first: traditional founder of Box.net. You can read enterprise communication sucks, his previous posts here. and a very simple port of what we The enterprise software market experience in our personal lives has been uncharacteristically into the enterprise could address a turbulent of late. Beyond several massive problem. But when hefty funding rounds and well- Yammer took the top prize at performing IPOs, the ecosystem TC50 in 2008, it wasnt uniformly has experienced some major praised, and in some cases was c o n s o l i d a t i o n w i t h S A P s completely misunderstood. Was it purchase of SuccessFactors and a Twitter competitor? How useful Ariba, Oracles acquisition of w o u l d i t r e a l l y b e ? M a n y RightNow and Taleo, and even analysts, pundits, and enterprises IBMs multiple cloud additions. initially balked, dismissing it All totaled, weve seen more than simply as an enterprise toy. $10 billion in enterprise cloud But Yammer capitalized on its consolidation over the past three early traction, parlaying the quarters. service into a much broader social But Microsofts$1.2 billion platform for workplace sharing acquisition of Yammer is a little and communicating, with the different. Not just because it social enterprise space eventually underscores the importance of exploding into a billion dollar social in the enterprise and market in just a couple of years. cements Yammers rapid rise to And these social toys quickly more than a billion dollars in became a critical part of enterprise value. Rather, its different IT strategy something that was because it signals the severity of not lost on Microsoft, nor on the disruption occurring in salesforce.com, which started enterprise software disruption building out Chatter. And the that will make it very difficult for public markets have noticed as incumbent vendors to hold on, well, valuing Jive at$1.3 billion. and disruption thats coming from Who would have thought that entirely new places and in new something as simple as status ways. messages shared between Yammer began as an internal colleagues would evolve to communication tool built become such an important specifically for employees at strategic product for Microsoft Geni, David Sacks preceding and the enterprise? But this is
exactly how most disruptive innovations start: seemingly innocuous and grossly misunderstood at the onset. And by the time the misconceptions are corrected, its too late for the legacy players. The toys are no longer toys; theyre contenders. First theyre toys, then theyre solutions Students of the Innovators Dilemma know that a new technology starts out being just good enough. Often, an early solution only serves a niche part of the market with limited requirements. This naturally shields it from the incumbents radar, but what starts out as a nascent product attacking an unprofitable or unattractive market segment can quickly mature into a disruptive solution that becomes more than adequate for a broader population. What is remarkable is the predictability and consistency of the incumbents response to these new technologies. The first sign that an important disruption is occurring is the incumbent writing off the new innovation as just a toy. Its an age-old exercise, going back as far as Western Unions failure to see the value in telephones, classically stating, what use could this company make of an electrical toy? More recently, when the iPhone was introduced, Microsofts stance was that itdoesnt appeal to business customers because it
doesnt have a keyboard which makes it not a very good email machine. Of course, this turned out to be an unlucky predication, and the Redmond giant is now powering similarly consumerized devices for the enterprise sans keyboards. Fast-forward to today, and Larry Ellison is playing the same game with cloud ERP vendor Workday, dismissing it as frail and not ready for big customers. Im sure that Workdays customers Flextronics, Sallie Mae and Kimberly-Clark would argue that point. And by all accounts, Workday is just getting started. Youd think Ellison would have learned the game by now, having intimately watched Salesforce grow from a small, burgeoning company to an$18 billion player in a little over a decade, attracting a number of large customers at Oracles expense. And of course, when Salesforce was emerging, analysts and pundits claimed that itdoesnt compare well at all with other large CRM packages like Siebel and PeopleSoft. Which was true at the time. But customers dont just buy what youve built today; theyre buying what youll have in the future. Its easy for incumbents and everyone else to forget how broadly and rapidly these solutions can evolve. Some of the most powerful enterprise software on the market today
started out as mere wedges, later transforming into meaningful and substantial platforms. Particularly for enterprises, its far better to evolve from something simple after learning about customer demands, than to pare down something insanely complex. And this is precisely the dilemma that traditional vendors are now facing. Much of the enterprises existing technology is too stale and cumbersome to support the needs of workers today. And most legacy vendors simply cant update their technology fast enough to compete in a world where business is changing overnight. To capitalize on this void, new solutions built with fundamentally different models, architecture, and DNA are rapidly emerging. Attack of the Toys Yammer has gotten it right with its viral adoption model, Steve Ballmer said of the acquisition. Yammers rise to prominence and purchase underscores a number of critically important trends disrupting software today. Its virality, simplicity, and freemium business model represent important levers for startups looking to take on much larger, far better resourced traditional players. Today, nearly every internetconnected, employed individual is a potential user and buyer of RISE page 29
Technology/
23
For a friend of the military, an awesome collection of gifts

Daniel Terdiman (CNET News)
Submitted at 7/1/2012 10:59:45 AM
Marine Lance corporal Jessica Fine and her husband, Marine private first class Paul Fine are regulars at Compagno's, a deli in Monterey, Calif., that is a favorite with local soldiers. Over the years, the soldiers have returned Compagno's welcome with their own friendship, and a very impressive collection of military gifts.(Credit: Daniel Terdiman/ CNET) MONTEREY, Calif.--It never stops. One after another, soldiers walk through the doors in search of lunch -- or an early dinner -and before they can even get to the food, they get a huge and hearty welcome, usually by name. This is Compagno's Deli, just about the only shop in an otherwise residential neighborhood high on a hill overlooking this coastal town about two-and-a-half hours south of San Francisco. But a block away is an entrance to Monterey's Presidio, home to the worldfamous Defense Language Institute, and that means a lot of very hungry soldiers come calling every day. There's plenty of ways that could go. But for Bennett Compagno, the deli's owner, the steady flow of military customers has become
a family -- albeit one that is everchanging given the temporary nature of soldiers' time in Monterey. And in the 14 years
since he took over the store from his father, Compagno has also become family to that stream of soldiers, feeding them hearty
food, and becoming a friend in an otherwise unfamiliar town. That would all be heartwarming on its own. But because
Compagno has been so good to so many soldiers, they have been FOR page 24
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Technology/
ART
Countless companies convince themselves theyre making ad campaigns users will love. They expect their videos to go viral and their branded apps to be used daily. Their reality distortion fields keep them from asking the critical question of, Would I actually find this useful? The answer to this uncomfortable question is nearly always No, so they bend their brain into the mind of a user they believe might find the ad valuable. Materially improving users lives is a tall order. But attempting to create a persuasive technology which you dont find valuable enough to use yourself is nearly impossible. Theres nothing immoral about peddling; its just the odds of success are depressingly low. Youll lack the empathy and insights needed to create something users actually want. The peddlers project tends to end up a time-wasting failure because fundamentally, no one finds it useful or fun. If it were, the peddler would be using it instead of hawking it. The Entertainer In fact, sometimes makers just want to have fun. If a creator of a potentially addictive technology makes something that they would use but cant in good conscience claim improves the lives of their users, theyre making entertainment. Entertainment is art and is important for its own sake. Art provides joy, helps us see the world differently, and connects us with the human condition. These
are all important and age old pursuits. Entertainment, however, has particular attributes which the entrepreneur, employee, and investor should be aware of when using the Manipulation Matrix. Art is often fleeting; products that form addictions around entertainment tend to fade quickly from users lives. A hit song, repeated over and over again in the mind, becomes nostalgia after it is replaced by the next single. A blog article like this one is read, shared, and thought about for a few minutes until the next interesting piece of brain candy comes along. Games like Farmville and Angry Birds engross users for a while, but then are relegated to the gaming dustbin along other hyperaddictive has-beens like Pac Man and Tetris. Entertainment is a hits-driven business because the brain adapts to stimulus. Art is about creating continuous novelty and building an enterprise on ephemeral desires is a constantly running treadmill. In this quadrant, the sustainable business isnt the game, the song, or the book its the distribution system for getting those goods to market while theyre still hot. The Dealer Creating a product that the designer does not believe improves the users life and which the maker would not use is exploitation. In the absence of these two criteria, presumably the only reason youre hooking users is to make a buck. Certainly there is money to be made addicting
users to behaviors that do little more than extract cash; and where there is cash, there will be someone willing to take it. The question is: Is that someone you? Casinos and drug dealers offer users a good time, but when the addiction takes hold, the fun stops. In a satirical take on Zyngas Farmville franchise Ian Bogost created Cow Clicker, a Facebook app where users did nothing but incessantly click on virtual cows to hear a satisfying moo. Bogost intended to lampoon Farmville by blatantly implementing the same game mechanics and viral hacks he thought would be laughably obvious to users. But after the apps usage exploded and some people became frighteningly obsessed with the game, Bogost shut it down, bringing on what he called, The Cowpocalypse. Judging for Yourself Bogost was right in comparing addictive technology to the cigarette. Certainly, the incessant need for a smoke in what was once the majority of the adult population has been replaced by a nearly equal compulsion to constantly check our devices. But unlike the addiction to nicotine, new technologies offer an opportunity to dramatically improve the lives of users. Its clear that like all technologies, recent advances in the habitforming potential of web innovation have both positive and negative effects. But if the innovator has a clear conscience that the product
materially improves peoples lives first among them, the creators then the only path is to push forward. Users bear ultimate responsibility for their actions and makers should not be blamed for the misuse or overuse of their products. However, as the march of technology makes the world a more addictive place, innovators need to consider their role. It will be years, perhaps generations, before society develops the antibodies to new addictions. In the meantime, users will have to judge the yet unknown consequences for themselves, while creators will have to live with the moral repercussions of how they spend their professional lives. My hope is that Manipulation Matrix helps innovators consider the implications of the products they create. Perhaps after reading this, youll start a new business. Maybe youll join an existing company with a mission you believe in. Or, perhaps after reading this youll decide its time to quit your job, which you now come to realize no longer agrees with your moral compass. Thank you to Amy Jo Kim, J ess Bachman, Max Ogles for reading early versions of this essay. Photo Credit: byJess.net, Sarah G, and NirAndFar.com
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FOR
good to him in return. As a result, nearly every inch of ceiling and every wall in the deli features an incredible array of gifts he's been given over the years by grateful military personnel who stopped in so many times. The list of gifts is long: drill sergeant hats; commanding FOR page 25
Culture/ Finance/
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officers' nameplates; caps from Navy sailors' ships; a whole collection of G.I. Joe toys; Tshirts from soldiers' various units; and more. "Before they leave for their next duties," Compagno said, "they'll drop [gifts] off because they want me to have it." I had been in town working on several other stories for Road Trip 2012 and found myself at Compagno's looking for nothing other than lunch. But within minutes of walking through the door, I knew I had wandered into someplace special. Regardless of your feelings about the military, you can't help but appreciate the honest sentiments that are so proudly displayed here. And there's no question that it's for real. Returning the next day to talk to Compagno about his store and his impressive collection, my interview was constantly interrupted when a new soldier would walk through the deli's door and the owner would unhesitatingly jump up and greet the arrival, usually by name. Changeover The day I stopped in to talk to Compagno had been a busy one for him. Earlier, he had catered a large ceremony honoring the change of command for the local Marines -- certainly a job that had come as a result of the relationship he had built with the
military over the years. As he and I were talking, two young Marines came in to make a lunch order. "Hey, Marines, did you go to the changeover?" Compagno asked. "Yes, sir," they replied. "Did they run out of food?" he joked. There were other Marines in the store, as well, including Pfc. Paul Fine and his wife, Lance Cpl. Jessica Fine, both posted to the Defense Language Institute for Korean language studies. The two said they come to Compagno's whenever they can "because their sandwiches and hoagies are amazing and huge." I asked them what they thought of the welcome Compagno offers to his military customers. "It's great," Paul Fine said, "because it makes me feel at home...And good food is essential to learning languages." Noting the walls and ceilings packed with military memorabilia, Fine continued: "I have a feeling he knows pretty much everybody, the commanding officers, and the higher enlisted [soldiers]." Compagno had told me that occasionally local residents will buy soldiers their lunches, and Paul Fine said he'd seen that happen, though he'd never yet been the recipient. But while we were talking, Compagno quietly
gave the couple free cake to go along with the sandwiches they had bought. The stream of soldiers continued, and one by one, he greeted them, sometimes with a handshake, others with a big hug. One apparently was about to move on to his next posting. "You'd better come and say goodbye to me," Compagno said to the man. "I will," the soldier responded. Good beers from around the world Because his deli is so close to the Defense Language Institute, Compagno knew that many of the soldiers studying there had spent significant amounts of time in countries all over the world. So he figured that one way to get in good with the students would be to stock a wide selection of beers from some of those nations. And while he doesn't have quite as many as he used to, the shelves still sport brews from Lebanon and Russia, among others. That kind of attention to their needs -- plus the fact that the menu features specialty sandwiches named for a number of the military services -- leads to incredible loyalty, even from some of the soldiers Compagno never really got to know. I asked for a favorite memento, and he brought over a framed picture. "There was a kid from the
Navy," Compagno began. "I didn't know who he was. He came in two or three times a week. The day before he left, he came in with a present." He showed me the photo. It was a signed picture of "M*A*S*H" character Radar O'Reilly. "To Bennett, Thanks for taking such good care of my son Jordan," the inscription read. It was signed by actor Gary Burghoff, who played Radar. Before I left, I noticed that Compagno kept breaking out little phrases in one language or another to the soldiers -- usually the one they were studying. As two soldiers were walking out, one said to Compagno, "You know more languages than anybody." "I wonder why," the other deadpanned. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Pregnant Reese Witherspoon Tackles a Devilish Role

Katie Henry (PopSugar)
Economic and business week ahead: July 2 - July 6

Telegraph Staff (Finance News - Business news from the UK and world)
The focus of the week is likely to be on whether the Bank of England's Monetary Policy
Committee decides to restart QE.
Pregnant Reese Witherspoon arrived on the set of her latest film, Devil's Knot, yesterday in Atlanta. Sporting a retro hairstyle and polka dot dress Reese looked ready to get to work in front of the cameras. The film is based on the story of the West Memphis Three, a group of teens convicted in the 1990s of murdering three eightyear-old boys. Reese is just one of the major stars attached to the project. Fellow Oscar winner Colin Firth shares top billing with Reese, and True Blood's Stephen Moyer just signed on to the Devil's Knot cast. Stephen and Reese are both expanding their families later this year as he and wife Anna Paquin announced they're expecting twins. View Slideshow
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Culture/
FACEBOOKS
see their user numbers shoot upwards once again. Facebook has some experience in this already theyve already partnered with AT&T, Verizon and T-Mobile in the U.S. and with Bango in the U.K, mostly to streamline payment through Facebook credits charged directly to user mobile bills. Theyve also partnered with emerging market carriers to peddle their feature phone app but only on superficial levels like subsidizing data costs for users for 90 days. Compared to the App Store model, leveraging operator networks makes it much easier to reach the masses. On the other hand, working with operators is not easy, which is why so many Valley companies have shunned the idea. However, those with the scale and reach of Facebook or Twitter, need to embrace operators to take their user growth and service to the next level. Facebook Can Start Making Money in Mobile It wont be a lot at first, but by working with mobile carriers,
Facebook can extract a healthy revenue share from operators. For example, our current average revenue per user (ARPU) is around $4 in Japan this is the same amount Facebook makes off of its web-based U.S. users, where it has established a strong ad revenue model. By contrast, were making it solely off usage and access via mobile, which users are completely okay with when accessing services via their mobile device. Feature phone users can spend money much more easily than their smartphone counterparts (especially those on Android), due to the fact that they are tied into a networks billing service. In Asia and most developing markets, a very small percentage of smartphone users have entered their credit card information into Google Play for app purchases in fact, most do not even have credit cards! Direct billing makes up for the greater engagement and web-access that comes with using a smartphone app. In fact, as I write this article,
Facebook is announcing frictionless payments in collaboration with mobile operators. However, this still does not address the feature phone users without a data plan, which is the overwhelming majority of mobile users globally. This is where integrating tightly with operators, especially in emerging markets, will pay huge dividends. As feature phone users become increasingly engaged with the service and then upgrade to smartphones, this trickle will turn into a torrent. Theyll be much more likely to open their wallets after having done so in the past you have to attach the hose before turning on the water. Although partnering with mobile operators is something Facebook has been working on over the past year, expect to see them double down on these efforts in the years to come. To date, it has been primarily focused on getting them to make data charges free for accessing Facebook via their mobile device. Once again, this is great, but does not address those
that do not even have data plans which are the true masses. All of these lessons come from experience. Our service started out as an operator- embedded service via voice calls and SMS, similar to Twitter in the early days, and has only recently launched a smartphone app version. This has enabled us to both attract a massive audience one which is now following the evolutionary path as they migrate towards smartphones and a higher -touch experience, all while sticking with our service. In that way, we find ourselves well positioned for the coming Asian smartphone boom. Although Facebook has made some good strides in this direction, it should double down and embrace the emerging market trend in order to find the serious money in mobile.
Cook Packaged Cinnamon Rolls in Your Waffle Maker [Breakfast]

David Galloway (Lifehacker)
From making pizza to brownies and even bacon the waffle maker (aka waffle iron) is a little more versatile than you might expect. If you have canned cinnamon rolls on hand you can cook them directly in your iron to make cinnamon roll waffles and even make a syrup from the icing packet by adding corn syrup. More
Five Best Android Keyboards [Hive Five]

Alan Henry (Lifehacker)
The beauty of Android is that it's
so customizable, and Android keyboards are no exception. There are keyboards available for every type of typist, whether you prefer
to hunt and peck, turn your phone
sideways and use both thumbs, or swipe across the screen with one finger. This week we're going to take a look at five of the best
Android keyboards, based on your nominations. More
Technology/ Culture/
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A tiny USB digital-to-analog converter from AudioQuest

Steve Guttenberg (CNET News)
The AudioQuest DragonFly is a USB-powered (it doesn't use batteries or an external power supply) digital-to-analog converter. I usually need some time to get a handle on the sound of a component, but within minutes of plugging in the tiny $249 DAC I knew exactly what made it so special. It sounds clear and clean, so there's less standing between the music and my ears. The AudioQuest DragonFly(Credit: AudioQuest) The DragonFly is a bona fide audio component, designed by Gordon Rankin, a man known in audiophile circles as a great tube electronics engineer, but Rankin is also a computer audio guy. He's one of the few DAC designers with equal depth of knowledge in analog and digital audio technology. The DragonFly uses an ESS Sabre DAC, a high-performance chip more typically found in higher-end CD and Blu-ray players. The DragonFly works with MP3s and CD-standard 16bit/44KHz to 24-bit/96KHz file formats. Inside, there are 107 components mounted on a 0.6x1.7
a truly great DAC, like the DAC HD, on a desktop system, you're a giant step closer to the sound of a first rate high-end hi-fi. At first I was less happy with the DragonFly's sound when I listened to it as a headphone amp. I plugged in the Audio Technica ATH M50 and Bowers & Wilkins P5 headphones, and found the DragonFly's sound lightweight. Bass oomph was lacking, which -inch four-layer board including p e r f o r m a n c e i n c o n t e x t I overemphasized midrange and regulators and custom capacitors. compared it first with the Halide treble frequencies. Then I popped The DragonFly was designed Design DS DAC ($295) that I on my Velodyne vPulse in-ears, with the audiophile in mind, so raved about earlier this year. The and the DragonFly sounded instead of relying on a digital DS DAC has a softer and richer positively awesome! My JH-13 volume control that might reduce sonic balance, which I still like, custom- molded in-ears were also signal resolution and sound but the DragonFly's sound is fantastic, so all I can say for now quality, the DragonFly's volume clearer and more precise. Bass is is the Dragonfly might not be a control works in the analog t i g h t e r a n d b e t t e r d e f i n e d . great match with some full-size domain for the best sound quality. Listening over the Airmotiv 4 headsets. We'll see. The analog volume control tracks speakers, the DragonFly's more Granted, it's a $249 desktop the movement of the volume expansive stereo image floats DAC, so you can't really expect it slider on your computer. The freer of the speakers than it does to be a giant killer on every application, but the DragonFly DragonFly has a 3.5mm output with the DS DAC. jack. The DragonFly trounced the DS still has a lot going for it. It can be used with desktop DAC, but how would it fare in a This entry passed through the s p e a k e r s , l i k e m y E m o t i v a shootout with the $495 Halide Full-Text RSS service if this is Airmotiv 4s, or a component hi-fi Design DAC HD? The DragonFly your content and you're reading it system, or it can directly drive didn't win that one; the DAC HD on someone else's site, please read headphones. I tried it all three had more bass and sounded more the FAQ at fivefilters.org/contentw a y s , a n d t h e D r a g o n F l y ' s dynamically alive, and had better only/faq.php#publishers. Five stunning resolution was always a overall tonality. The stereo image Filters recommends: Donate to joy to listen to. was even bigger, and still had Wikileaks. T o p u t t h e D r a g o n F l y ' s razor-sharp detail. When you hear
Selena and Justin Beat the Heat on an Ice Cream Date

Justin Bieber and Selena Gomez grabbed lunch at Bronco Burrito in LA yesterday. The couple then went for a stroll around Lake Balboa and cooled off with some ice cream. Selena opted for a patriotic Bomb Pop while Justin snacked on a Spongebob Squarepants ice cream bar, the same kind he was photographed with for his October 2010 Teen Vogue spread. The duo kept a low profile on their mid-day walk, but Tuesday night all eyes were on Selena, Justin, and Robert Pattinson at Katy Perry's Part of Me afterparty. Selena kept the fun times coming on Wednesday when she met up with Taylor Swift in Malibu for a lunch date. View Slideshow
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Technology/ Finance/
Police intercept online threat, raid wrong house

Chris Matyszczyk (CNET News)
Submitted at 7/1/2012 10:07:06 AM
It's a good thing Milan wasn't eating one of those at the time of the raid.(Credit: Food Network Screenshot: Chris Matysczyk/ CNET) The occasional program on the Food Network can be quite frightening. There's"Outrageous Food", for example, where you can watch people build a 105-pound burger in Clinton, N.J. However, please place yourself inside the stomach of 18-year-old Stephanie Milan as she sat at home watching the Food Network and was overtaken by a harsh queasiness. For her door was broken down and in walked a SWAT team, which was not in the mood to make her a burrito. The Evansville Courier-Press offers that the ingredients of this raid were somewhat confused. The SWAT team was looking for computer equipment, which, if you're a SWAT team, you tend to
search by breaking doors down. This computer equipment, police believed, had been used to post threats (including references to explosives) against the police and members of police officer's families, via Topix.com. This computer, police believed, was at the Milan family's Evansville, Ill., house. Actually, what the police believed was that the threats had
been posted using Milan's Wi-Fi. Hence the draconian manner of entry. More Technically Incorrect Milan insists that no member of her family has ever been involved in nefarious behavior. Police hinted that this may not entirely be the case. However, local police Chief Billy Bolin said the police had no way of knowing if Milan's Wi-Fi had been appropriated by persons
unknown. So his officers banged on the outside wall, said "police, search warrant" three times and then smashed the door down. No, the procedure doesn't require them to wait for a reply. The Food Network can be absorbing, after all. Sgt. Jason Cullum, a police department spokesman, told the Courier-Press: "This may be just
somebody who was online just talking stupid. What I would suggest to anybody who visits websites like that is that their comments can be taken literally." The police, though, claim they now know who the miscreants might be and have agreed to repair the front door. A grenade they tossed inside seems to have caused a little carpet-staining, too. The police are still in possession of Stephanie Milan's computer, and one can only hope that the case is resolved soon. One wonders, though, what would have happened had Milan been watching "Law and Order," rather than the Food Network. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Libor scandal: Was Barclays the worst offender?

James Quinn (Finance News Business news from the UK and world)
Libor scandal could have farreaching consequences for banking industry.
Economy/ Finance/
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RISE
enterprise tools. And by making these tools accessible to users with just a few clicks, enterprise software providers can reach markets at a scale and speed that were impossible in the clientserver paradigm. Across mobile and web, new solutions will emerge that help workers connect and communicate better with their customers, analyze business data, gain new clients, manage their payroll and expenses, and more. Which is precisely why were seeing more investment in the enterprise software space than consumer internet, chasing hundreds of billions of dollars that are now up for grabs in enterprise IT spend. At Box, we regularly talk with Global 2000 CIOs whose organizations now rely on dozens of applications that only cropped up in the past couple of years. This pace of adoption wasnt possible in any previous technology era; the way software was both designed and implemented prohibited it. In the
past, each new application required new infrastructure and new competencies, making organizations wary of new additions to the stack. It was far easier to buy your technology for a select few vendors. But thats simply not possible today, given the heterogeneity of enterprise environments and diversity of new tools that users are bringing into work on their own. Consequently, todays technology buyers have become more comfortable with the mixand-match approach to enterprise IT, and now managing another mobile app or cloud solution is a far more incremental, trivial exercise. And unsurprisingly, the cycles of disruption are accelerating. Given increasingly lower barriers to distribution, less conservative buyers, and rapidly changing business demands, were going to see unprecedented change in enterprise technology moving forward. Yammer produced a billion dollar outcome in less than
four years. Following suit, were already seeing a new crop of companies initiate the next wave of disruption, like Base, Domo, CloudOn, GoodData, Asana, MixPanel, Zapier, PiCloud, DotCloud, intercom.io, PlanGrid (Box is an investor through/bin) and many others. Initially, many will be written off by the legacy players as too simple to be important. But as they rise, well see software categories created, remade and destroyed. Some of these apps, of course, will invariably go the way of Yammer, and be snapped up by incumbents. Others, however, will remain independent, evolve to the needs of large enterprises, and turn into leaders that define the next generation of enterprise software. And then they, too, will have to defend their positions against the next wave of toys.
The 10 Economic Datapoints That Everybody Wants To Know

Joe Weisenthal (Money Game)
How Arianna Huffington has breathed new life into the media
Katherine Rushton (Finance News - Business news from the UK and world)
Submitted at 7/1/2012 11:09:33 AM
staid media landscape since launch.
Huffington Post has shaken US's
We've drawn up the latest version of each chart to give you an idea where each one stands. CPI is the Regular readers of the site know most popular inflation gauge. On w e ' r e b i g f a n s o f t h e s i t e a year-over-year basis, the pace of FRED(Federal Reserve Economic inflation is dropping quickly. D a t a ) , a p o p u l a r p l a c e f o r Real GDP is GDP excluding the analysts, researchers, academics, impact of inflation. We're still far and journalists to draw and chart below historical trends. economic data. The 10-year yield is the rate at On FRED they keep a running which the US borrows money for list of the top 10 datapoints that 10-years. We're incredibly close people call up the most frequently to historical lows. on the site. See the rest of the story at Given the popularity of this site Business Insider all over the world, it's safe to say Please follow Money Game on that these are the 10 most popular Twitter and Facebook. economic datapoints in the world.
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Technology/ Culture/
Treyarch doesnt even know whos developing Black Ops on Vita

Mark Raby (SlashGear)
Submitted at 7/1/2012 11:12:15 AM
As part of Sonys allencompassing push to prove the PlayStation Vitas relevance at last months E3 trade show, it made sure to mention that a special version of Call of Duty: Black Ops would be making its way to the portable console. However, aside from a brief tease, we didnt learn much about the game. But we cant feel too bad, because apparently even the company thats in charge of the Call of Duty franchise doesnt know much. In a recent interview, the companys director of communications John Rafacz was asked what studio would be developing the Vita title. He
Two-legged kitten can frolic with the best of them [video]

(Holy Kaw!)
apparently said, I dont know. With regards to the Vita, all I can tell you is that its quite literally declassified When I know, Ill tell you. Rafacz was described as sounding confused when answering the seemingly simple question. Among the other Black Ops speculation is that a Wii U version
of Call of Duty: Black Ops II is in the works. But so far, the only officially announced console versions are those for the PS3 and Xbox 360. In summary, even though Sony is trying to make you believe that the Vita is a platform that developers are interested in, those very developers dont even know details about Vita games
that theyre involved with. [ via Videogamer.com] Treyarch doesnt even know whos developing Black Ops on Vita is written by Mark Raby& originally posted on SlashGear. 2005 - 2012, SlashGear. All right reserved.
Submitted at 7/1/2012 11:00:00 AM
Matt Damon Spends the Weekend With His Girls

wife Luciana who carried their youngest daughter, Stella, in her arms. The Damon family is Matt Damon held hands with setting up a new residence on the daughters Gia and Isabella West Coast with news they've y e s t e r d a y l e a v i n g l u n c h a t moved into a home down the Brentwood's Sortino restaurant. street from Ben Affleck and The actor was also joined by his Jennifer Garner. The Damons
short trip to San Diego for this year's Comic-Con. He's scheduled to appear on the second day of the convention to chat about his futuristic thriller, Elysium. View Slideshow have a few more weeks to get situated before Matt makes the
Get ready to have those heartstrings pulled, folks, by one very playful two-legged kitten named Anakin. Anakin was born without a pelvis or back legs, but that doesnt stop this little guy from pursuing cat toys with a vengeance. Owner Carrie Hawks discovered the feral kitten in the woods and has set up a website, Facebook page and Twitter feed for those who would like to follow the miraculous life of this frisky fuzzball. Full story at Tigerpixie Art Studio via Laughing Squid. Miracle cat. Permalink| Leave a comment
Economy/
31
If We're Not In Recession Right Now, Then ECRI Was Officially Wrong
New Deal democrat (Money Game)
Today begins July, meaning that we have arrived at midyear, the point by which ECRI predicted we would enter a new recession. While we don't have the June data, as of May real income, payrolls, and real retail sales continued to rise, although retail sales are below their March peak. Industrial production was off slightly in May from its post recession peak in April. In monthly data released last week, new home sales continued their recent improvement, making a 2 year high. The Case-Shiller index of repeat home sales after adjusting for seasonality still improved slightly for the third month in a row. Durable goods orders increased although their overall trend is still sideways. The Chicago PMI remained slightly positive. Consumer confidence continued to fade. Consumer spending was flat, but as indicated above consumer income improved. Overall the high frequency weekly indicators were weakly positive in the past week, with the more leading components more positive than the more coincident ones. Since June payrolls will be reported next Friday, let's start
with those and the more coincident indicators. Employment related indicators were weak: The Department of Labor reported that Initial jobless claims fell 1,000 to 386,000 last week. The four week average rose 500 to 386,750. The rise in jobless claims is a serious concern, but there remains some question of whether there is a seasonal adjustment issue or whether something more ominous is going on, as we had a similar rise during the second quarter of 2011. The Daily Treasury Statement for the first 20 days of June showed $132.0B vs. $127.5B for the same period in 2011, an increase of $4.5B, or +3.5%. The YoY growth in ax receipts has lessened in the last few months although it remains positive. The American Staffing Association Index remained at 93. This index has been flat for the last two months, mirroring its 2nd quarter flatness last year. Rail traffic continued its recent more positive turn this week. The American Association of Railroads reported a +3.0% increase in total traffic YoY, or +15,400 cars, at 534,900. Nonintermodal rail carloads were up 1.4% YoY at 288,700, as coal hauling leveled off YoY. Intermodal traffic was up 4.8%
YoY at 246,100. Nine of the 20 carload types were negative YoY vs. 8 types one week ago. Same Store Sales have weakened significantly. The ICSC reported that same store sales for the week ending June 23 were up 2% w/w, and were up +2.7% YoY. Johnson Redbook reported a 1.9% YoY gain. Shoppertrak did not report last week. The 14 day average of Gallup daily consumer spending at $69 was barely positive compared with $68 last year. This is the third week in a row in which consumer spending has weakened significantly, barely if at all improving YoY. A few months back I noted that YoY consumer spending had consistently run better than 2.0% for the duration of the recovery. Gallup has now declined under that for the entire month. Johnson Redbook is under 2%, and Shoppertrak's last few reports have also been dismal. The consumer is wavering. Housing reports continued positive although not quite so strong: The Mortgage Bankers' Association reported that the seasonally adjusted Purchase Index fell 1% from the week prior, and was down 3% YoY, back into the middle part of its two year range. The Refinance
Index fell 8%, but it still close to its 3 year high set one week ago. The Federal Reserve Bank's weekly H8 report of real estate loans, which turned positive YoY in March after having been negative for 4 years, this week rose 0.1%, and the YoY comparison improved to +0.9%. On a seasonally adjusted basis, these bottomed in September and remain up+1.0%. The YoY growth rate has weakened in the last few weeks. YoY weekly median asking house prices from 54 metropolitan areas at Housing Tracker were up + 2.1% from a year ago. YoY asking prices have been positive for 7 months, remain higher than at any point last year, and at their maximum seasonal point on a seasonally adjusted basis. Only the possibility that the long-incoming foreclosure tsunami might finally materialize remains as a reason to think we have not seen the bottom in housing prices. Money supply was mixed but continued very positive on a YoY basis: M1 fell -1.0% last week, and was flat month over month. Its YoY growth rate declined to +15.7%, so Real M1 is up 14.0%. YoY. M2 fell -0.3% for the week, but was up 0.4% month/month. Its YoY growth fell slightly +9.4%, so Real M2 grew at +7.7%. Real
money supply indicators continue to be strong positives on a YoY basis, and after slowing earlier this year, have increased again. Bond prices were mixed and credit spreads declined: Weekly BAA commercial bond rates decreased by .03% to 5.02%. Yields on 10 year treasury bonds rose .02% to 1.64%. The credit spread between the two fell to 3.38%, just above its new 52 week low set last week. The recent collapse in government bond yields shows fear of deflation due to economic weakness. Corporate yields have not followed. The energy choke collar has disengaged: Gasoline prices fell for the tenth straight week, down another .09 to $3.44. Oil prices per barrel rose sharply on Friday, so that for the week Oil rose over $5 from $79.76 to $84.96. Ex-Friday, Oil has only been less expensive for about 2 months in the last 3 years. Oil prices remain well below the point where they start to constrict the economy, and gasoline has followed. The 4 week average of Gasoline usage, at 8829 M gallons vs. 9278 M a year ago, was off 4.8%. For the week, 8840 M gallons were used vs. 9261 M a year ago, for a decline of -4.5%. WE'RE page 34
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Economy/
Is The Bank Of England About To Be Dragged Into Lie-borgate, And Which US Bank Is Next
Tyler Durden
provided to the BBA committee were higher than other banks' Submitted at 7/1/2012 10:42:13 AM quotes. While the Li e borgate scandal Which conveniently brings us gathers steam not so much once again to our piece from because of people's January 22, 2009 when the market comprehension of just what is at was crashing every single day, stake here (nothing less than the when the world's central banks fair value of $350 trillion in would do anything to halt the interest-rate sensitive products as collapse in risk and asset prices, explained in February), but up to an including telling their simply courtesy of several very host banks to lie about funding vivid emails which mention conditions, before the real QE1 expensive bottles of champagne, was announced back in the middle once again proving that when it of March, in which we made just comes to interacting with the this speculation. outside world, banks see nothing Everyone knows there is but rows of clueless muppets until something very screwy about caught red-handed (at which point LIBOR, with opinion ranging damaging confidence in its health. to anyone that central banks, they use big words, and speak England, I have learned. from it's way too high to the S o B a r c l a y s s o - c a l l e d already known to sell Treasury confidently), the BBC's Robert This belief was fostered after a opposite. We also have been quite Peston brings an unexpected actor telephone conversation in the "submitters", the managers who puts in order to game interest rates vocal in our opinion of the TED into the fray: the English Central autumn of 2008 between Mr gave borrowing data to the British on global benchmark securities, Spread but that's irrelevant for the Bank and specifically Paul Tucker and Bob Diamond, who at Bankers Association's Libor- would go so far as to advise BBA time being. Lately we have been Tucker, the man who, unless the time ran Barclays' investment setting committees, consistently member (which as noted last looking at the most recent BBA Goldman's-cum- Canada's Mark bank, Barclays Capital, and is t o l d t h e s e c o m m i t t e e s t h a t week was shocked to find that data for the 3 month LIBOR Carney or Goldman's Jim O'Neill today chief executive of Barclays. Barclays was paying a lower epic manipulation was going on submission by bank and while the step up, will replace Mervyn King The heart of the matter is that in interest rate to borrow than was here) banks to do all in their average is 1.122%, the range is 2008, at the height of the credit actually the case. power to lie and cheat to the as head of the BOE. quite wide: 1.04% at the tight end crunch, the perception of banks' And what is striking is that after market in order to avoid the From the BBC: to 1.204% at the wide. What In making false submissions financial strength was linked to their conversation took place, perception of reality. confuses us is that the banks that about their borrowing costs, how much they had to pay to senior Barclays' management on Yet here is the punchline in submitted the lowest rates are the managers at Barclays believed borrow. Barclays managers were October 29 2008 gave an explicit Peston's piece: ones that have the most they were operating under an very worried that the appearance instruction to reduce Libor What is striking is that even the governmental independence, artificially suppressed quotes for instruction from Paul Tucker, of the bank paying more to submissions. BANK page 34 borrow than other banks was We hope it comes as no surprise B a r c l a y s ' b o r r o w i n g c o s t s deputy governor of the Bank of
Economy/ Culture/
33
Spain Reminds Us What The Main Problem With Blank Checks Is: Says Q2 GDP Will Be Worse Than Q1
Tyler Durden
means (something we proved empirically before). Finally, this Submitted at 7/1/2012 9:53:45 AM is also a stark reminder that when Even as Spain, Italy and soon one removes out all the bailout France are scrambling to break noise and the daily high-beta the link between sovereigns and gyrations of sovereign debt, the banks, an unpopular move that r e a l r e a s o n w h y s o v e r e i g n until recently Germany was very bondholders should be buying much against as it permitted the S p a n i s h d e b t - a n a c t u a l culture of endless unsupervised improvement in its economybank bailouts on taxpayer dimes continues to not only be absent, to continue, we get a fresh but by the very nature of endless r e m i n d e r o f w h y a n y now-monthly bailouts, becomes unconditional aid, entitlement, or impossible as debt never fixed backstop guarantees funded by more debt. "other people's money" is always Here is the latest steaming pile of inevitably a bad idea. Case in reality just served from from point: Spain, which just said that Spain, via Bloomberg: its economy will contract in Q2 Data for 2Q show contraction even more than in Q1. This was slightly superior to that of reminds us why any claims of " 1Q, Spains economy minister austerity" are a total mockery: said today during a conference in only Keynesian priests seem Navacerrada, near Madrid. unable to grasp that countries gain The deterioration is "not very much more upside from pushing significant" says Guindos their economies to the brink only Spain is totally committed to to be bailed out, than from austerity: Guindos e n g a g i n g i n r e a l e c o n o m i c Says EU summit intensified v i a b i l i t y a n d s u s t a i n a b i l i t y European project, sent message of programs: i.e., living within your solidarity
Says Spain must show public finances, services are sustainable
One can push for artificially lower yields to keep the game of musical chairs going longer, but No they're not. It's ok though: the not even naive children believe government did not cut more that there could be a happy ending spending than necessary to a farce in which one time in order to live within its means, bailouts continue to enable selfbecause it knows that if things get destructive behavior, which in bad enough, and yields on debt turn becomes a Mutually Assured soar, someone, somewhere will Destruction gambit to the worst step in and make the price of debt, offenders. so critical to plug the ever grown In the mean time Spain's already deficit hole, sustainable for just a deep recession is about to become little longer, even as deficits even worse, to be followed by accumulate to a level that is Italy, France, and soon, Germany simply ridiculous, at least until the too, now that it has decided to next risk flaring crisis. spread the wealth. Average: This is precisely what Monti and Your rating: None Average: 4.8( Rajoy showed at last week's 10 votes) Eurosummit: every time things This entry passed through the get worse, someone who has done Full-Text RSS service if this is the right thing, has to fold to keep your content and you're reading it the party going for all the crack on someone else's site, please read addicts. the FAQ at fivefilters.org/contentThe problem with this approach, only/faq.php#publishers. Five a n d i t a p p l i e s t o t h e U S Filters recommends: Donate to entitlement state underfunded by Wikileaks. about $100 trillion just as much as it does to Europe, is that at the end of the day only math matters.
Bill Nye the Science Guy explains how to find planets we cant see [video]
(Holy Kaw!)
Submitted at 7/1/2012 11:01:00 AM
Seems like every few days theres an announcement regarding the discovery of a new planet with characteristics that we assumed only existed in the wild frontiers of the sci-fi imagination, but did you know that many of these discoveries are objects we cant even see? To answer the question of how scientists are going beyond the old adage seeing is believing, theres no better guy than Bill Nye to do the explaining. Full story at PlanetarySociety @ YouTube via Geeks are Sexy. Exploring space. Permalink| Leave a comment
34
BANK
WE'RE
notably BofA and JPM, while the other end of the range is represented by pseudo nationalized banks such as RBS, in which the UK government recently acquired a 70% stake, and UBS, which had all of its bad assets swept by the Swiss National Bank in exchange for a loan (read more about the Swiss model here). The implication is that with more governmental involvement or even virtual nationalization, the cost to lend to another bank creeps higher, when compared to entities such as BofA and JPM which still, at least theoretically, carry all their bad assets on their books. This intuitively is very confusing as the cheapest LIBOR should come from the nationalized entities, that have a full governmental backstop. So while LIBOR's moves in itself have been very puzzling lately, the components of LIBOR and their relative values provide an additional layer to the puzzle. Three and a half years later the puzzle is no more: it was all one big epic fraud, pardon, no fraud, as the CFTC and SEC settlements never admitted or denied fraud. Let's just call it benign market manipulation of a $350 trillion
market. But what the table above brings up are some curious observations: note the banks that in the middle of January were telegraphing to the world they were the healthiest via the one metric that was actually still relevant: 3 Month USD funding costs. We already know that Barclays has been exposed to be manipulating Libor on an epic scale. And even with all this, it still could manage to only be in the third best quartile? If they were manipulating their Libor submissions they sure sucked at it. Which of course is why even the BOE got involved. However, it begs the question: what about the Libor submissions of the three then "healthiest" banks: Bank of America, JP Morgan and Deutsche Bank. If Barclays was manipulating and gaming Lie-bor, only to fall even below the median submission, does this mean that these three banks were all furiously coming up with totally meaningless numbers? And how long until the SEC comes up with a US scapegoat bank to mimic the FSA's bold action on Barclays? If, and this is a big if, the SEC does for once do something
proactive in its illustrious career of corrupt, incompetent complacency and co-option, not to mention pornoholic hypnosis, the next and final question becomes: will it be Bank of America, or JP Morgan... and just how will the market react to the knowledge that two of the world's biggest non-nationalized banks participated in what as many have been warning for years, the biggest market manipulation fraud in history. Finally, if the BOE ends up getting crucified for Barclays' stunning email disclosure, will the Fed, which certainly had a role to play in all of this, be once again left untouched? Average: Your rating: None Average: 4.9( 13 votes) This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
This is a significant YoY decline; however, June and early July of 2011 were the only months after March 2011 where there was a YoY increase in usage, so the YoY comparison now is especially difficult. If this decline persists past the middle of July, it will be a red flag. Turning now to high frequency indicators for the global economy: The TED spread declined 0.1 to 0.38, in the middle of its recent 4 month range. This index remains slightly below its 2010 peak. The one month LIBOR rose another 0.001 to 0.246. It has risen slightly above its recent 4 month range, it remains well below its 2010 peak, and has still within its typical background reading of the last 3 years. The Baltic Dry Index rose another 26 from 978 to 1004. It remains 334 points above its February 52 week low of 670. The Harpex Shipping Index fell for the fourth straight week from 447 to 438, but is still up 63 from its February low of 375. Finally, the JoC ECRI industrial commodities index rebounded slightly from its recent cliff-dive, up from 113.89 to 114.53. This is just above its 52 week low. Its recent 10%+ downturn during the last few months is is a strong sign of all that the globe taken as a whole is slipping back into recession.
The best comparisons are found in money supply, bond yields, and housing. All of these are long leading indicators. Low gas prices are helping to fatten the consumer's wallet, as is the continuing surge in refinancing activity. The weakest are the short leading indicators of jobless claims, credit spreads, and industrial commodities. Payroll related data is weakly positive to weakly negative, portending a poor June payrolls report. I would not rule out a negative number. Consumer spending is also weakening. Rail traffic, however, has been turning more positive. All things considered, it appears that this summer, like the summers of 2010 and 2011, will likely be the weakest point of the year. Deflation now should set up a rebound later. Turning to the title of this week's piece, while I suspect it will be touch and go for a couple more months, I continue to believe that ECRI's prediction will ultimately be proven wrong. Have a nice weekend. Please follow Money Game on Twitter and Facebook. Join the conversation about this story
Economy/ Products/
35
A Fantastic Metaphor To uNu iPhone 4/4S Battery Case Describe The Crisis In Europe
(Woot)
Submitted at 7/1/2012 12:01:03 AM
Joe Weisenthal (Money Game)

Submitted at 7/1/2012 10:09:00 AM
The phrase "dysfunctional family" gets used too much to describe the crisis in Europe, but in this case it's well used and apt. Here's Bob Savage of Track Research describing what's going on... Bottom Line: Europe is a dysfunctional family, Mom and Dad stay together for the sake of the children. The children see the game and play for better toys. Parents yell and scream but give in as they have nothing else. The next month starts with the hope that the last fight was the last but the flag seems too clean to be one of conviction rather than contrivance. So it goes for Germany and France as they try to hold confidence in the union together
even as Italy and Spain plan to spend more for growth at their expense. Ireland wants the same treatment as Spain while Portugal wonders what to ask for while everyone ignores Greece which remains the black sheep. This is not a great platform for a Federation of nations let alone a multi-generational victory for
families or peoples. The world should remain worried as the promises from the 19th crisis EU summit are likely just another exercise in avoiding conflict rather than finding resolution. Please follow Money Game on Twitter and Facebook. Join the conversation about this story
MAGIC! PURE MAGIC! Don't open it! We'll tell you what [we think] is inside! Wait, this uNu battery case protects your iPhone 4 or 4s while also pretty much doubling your usage time? That sounds like crazy talk, right? Well, it's not. It's the truth! So now you probably want to know what's inside this magical battery thing that gives it so much power? See, that's the thing: no one knows for sure. But we have our theories. Here's what we think is in the uNu to keep your phone going: A potent mix of espresso, gasoline, and wasabi. Several long wires that don't connect to anything, but by the time they realize it, they've been powering your phone for a really long time.
Neighbors that are always arguing. Just a small town battery that no one suspected could lead the team to the championship, but after the star quarterback went down, he was their only hope. A complicated riddle that your phone must solve before powering down. A bunch of electricity that just gets it, you know?
36
Culture/
David Platt Still Addressing Controversy Over 'Sinner's Prayer' Remarks

(Christianpost.com > Most Popular)
others couldn't avoid what they saw as the underpinnings of his remarks Calvinism. Some June 29, 2012| 3:17 pm thought Platt voiced opposition to (Photo: The Christian Post) the "sinner's prayer" because as a David Platt, pastor of The Church Calvinist, he didn't want the at Brook Hills in Birmingham, hopeless unelect to think they are Ala., speaks at a panel during the saved through a simple prayer. SBC Annual Meeting in New He pushed back in his recent blog Orleans, June 19, 2012. post, stating that "nothing could be further from the truth." "I believe we simply need to be as Follow us biblical as possible (2 Timothy "Any cautions I have expressed 2:15). Do I believe it is 'wrong' with a 'sinner's prayer' have for someone to pray a 'prayer of absolutely nothing directly to do salvation'? Certainly not," Platt with the doctrine of election, and I maintained in a blog post this definitively don't believe that week. certain people 'actually have no The 33-year-old pastor, who chance for life in Christ,'" the leads The Church at Brook Hills Southern Baptist pastor clarified. in Birmingham, Ala., sparked "Instead, my comments about the debate earlier this year when he 'sinner's prayer' have been deeply told attendees at the Verge motivated by a concern for Conference that there is "no such a u t h e n t i c c o n v e r s i o n a n d superstitious prayer in the New regenerate church membership Testament," referring to the doctrines which many Calvinists popular "sinner's prayer." and non-Calvinists, as well as a "I'm convinced many people in variety of Christians in between, our churches are just simply would rightly value." missing the life of Christ and a lot Danny Akin, president of of it has to do with what we've Southeastern Baptist Theological sold them as the Gospel, i.e. 'pray Seminary, came to Platt's defense this prayer, accept Jesus into your on Thursday. While noting that heart, invite Christ into your life,'" Platt could have chosen a better he said. "It's modern evangelism word other than "superstitious" in built on sinking sand and it runs his talk, Akin said he shared his the risk of disillusioning millions c o n c e r n a b o u t p o o r g o s p e l of souls." presentations and false While some agreed with him, p r o f e s s i o n s .
But that doesn't mean he's against the "sinner's prayer." "I want it to be known that I shepherded all of my sons in praying a 'sinner's prayer' as an expression of the work of God in their hearts as they repented of their sin and placed their trust in Christ alone for salvation," Akin stated. "I have also preached more than a dozen graduation messages and in each and every one I have shared the gospel, invited people to receive Christ, and even helped them as they surrender their lives to Christ by leading them in a 'sinner's prayer.' "Handled carefully and wisely, I gladly invite people to repent of sin, trust in Christ, and surrender their lives to Him. David and I, I am quite certain, are in 100% agreement with one another on the issue." Platt addressed his controversial statements during the Southern Baptist Convention's Pastors Conference in New Orleans last week. "In my youth, I know that I am prone not to be careful with my words (particularly when they can become three-minute youtube clips!), so I want to be very careful with my words today," he said in his introduction. He went to the New Testament book of John to show evidence of devout followers of Jesus who
were not born-again. John 2:23-24 states: "Many trusted in his name ... Jesus, however, would not entrust himself to them." "Clearly, from the beginning of the gospel of John this gospel that revolves around the necessity and centrality of belief in Christ John makes clear to us that there is a kind of belief, a kind of faith, that does not save," Platt explained. "Is it possible for people to say they believe in Jesus, to say they have accepted Jesus, to say that they have received Jesus, but they are not saved and will not enter the kingdom of heaven? Is that possible? Absolutely, it's possible. It's not just possible; it is probable." Platt, who has a passion for global missions, expressed concern that there are millions of people who are being deceived to thinking they're saved when they're not because of a prayer they prayed or decision they made years ago. At the same time, he made it clear that praying a prayer or making a decision aren't in themselves bad. In fact, that's how many believers called out to Christ and became "justified" through faith in Jesus. But the question, he said, is: "What kind of faith are we calling
people to?" "In a day of rampant easybelievism that creates cultural Christians who do not know Christ, who have never counted the cost of following Christ, we must be biblically clear about saving faith, lest any of us lead people down a very dangerous and potentially damning road of spiritual deception." True, saving faith, the Alabama pastor explained, requires first understanding man's condition before God that they are dead in sin. "We cannot dumb it down," he stressed. "We are morally evil." To be born-again, one must repent turn from sin and self and believe "trust in Jesus as the Savior who died for us and the Lord who rules over us." "We tell men and women, boys and girls everywhere: repent and believe in Christ. Whether we say, 'Pray this prayer after me,' is not the issue," Platt highlighted. "The issue is that together we say, 'By the grace of God in the cross of Christ, turn from yourself and trust in Jesus. Come from darkness to light. Come from death to life.' "Now we can debate all day long how these words are used in what senses, but the testimony of DAVID page 38
Culture/
37
'Leap Second' Bug Wreaks Havoc Across Web

Cade Metz (Wired Top Stories)
immediately responded to a request for comment, but on Friday, with a post to Twitter, An oddity in the worlds atomic Foursquare said its site was down clocks caused problems with due to the massive outage that hit some big name web operations on Amazons cloud services. It does Saturday, including Reddit and not seem that the company has Mozilla. publicly acknowledged a leap Reddit, Mozilla, and possibly second bug. many other web outfits Gawker was at least aware the experienced brief technical extra second was coming. What problems on Saturday evening, Are You Going to Do With Your when software unpinning their Extra Second? read a headline on online operations choked on the its homepage. leap second that was added to Marco Marongiu a senior the worlds atomic clocks. system administrator with Opera On Saturday, at midnight Software, the maker of the Opera Greenwich Mean Time, as June browser warned of the leap turned into July, the Earths second bug with a blog post dated official time keepers held their June 1, providing potential clocks back by a single second in workarounds for the issue. But, as order to keep them in sync with he notes, the leap second problem the planets daily rotation, and is nothing new. There have now according to reports from across been more than 25 leap seconds the web, some of the nets since they were first introduced to fundamental software platforms atomic clocks in the early 1970s. including the Linux operating In September of last year, with a system and the Java application major outage to Amazon Web open source database, and it M o z i l l a w a s e x p e r i e n c i n g blog post, Google detailed how it platform were unable to cope Services, an online operation that attributed these problems to the problems with Hadoop, another deals with leap seconds. The web runs as much as one percent of the leap second. Originally designed open source platform written in with the extra second. giant uses a technique is calls Many computing systems use i n t e r n e t . S o m e o p e r a t i o n s , by Facebook and now used across Java. Ziegenhorn also blamed the leap smear, where it gradually whats called the Network Time including Google, saw the leap the web and beyond, Cassandra is leap second, since the problems adds milliseconds to its system had hit at midnight GMT. P r o t o c o l , o r N T P , t o k e e p second coming and prepared for built with Java. clocks prior to the official arrive it, but others werent so diligent. Reddit did not immediately Others complained of issues with themselves in sync with the of the leap second. worlds atomic clocks, and when In a post to Twitter, Reddit the respond to a request for comment. Linux servers, and according to This meant that when it became an extra second is added, some popular news aggregation and Meanwhile, Eric Ziegenhorn a BuzzFeed, FourSquare, Yelp, time to add an extra second at just dont know how to handle it. discussion site owned by the same site reliability engineer with L i n k e d I n , G a w k e r , a n d midnight, our clocks had already The leap second bug hit just as parent company as Wired said Mozilla, maker of the Firefox web StumbleUpon were also felled by 'LEAP page 39 the web was recovering from a it was experiencing problems with browser posted a bug report on the leap second bug. Java/Cassandra, referring to the the organizations site saying that None of these five outfits
38
Culture/
Singapore Megachurch: Pastor Kong Hee Did Not Misuse Funds for Wife
DAVID
police. The COC said it received complaints in early 2010 alleging the misuse of funds. June 28, 2012| 6:49 pm COC's inquiry revealed that "The people currently in the news " f u n d s w e r e u s e d w i t h t h e are our pastors and trusted staff purported intention to finance Ho and leaders who have always put Yeow Sun's secular music career God and CHC first," said Aries to connect with people. There was Zulkarnain, executive pastor and a a concerted effort to conceal this founding member of the church. movement of funds from its "As a church we stand with them stakeholders." and I believe fully in their Follow us integrity. Pastor Kong is still our The COC suspended eight Senior Pastor." officers, including Kong and Pastor Kong Hee and four other board members, from their church executives were charged on duties. Wednesday for funneling more Zulkarnain denied allegations than $18 million to his wife's that the church executives cheated music career. His wife, Ho Yeow the church of S$50 million. Sun or Sun Ho, is an international "This is not accurate," he stated. pop artist. "The [S]$24 million, which went Kong, Pastor Tan Ye Peng, John to investment bonds, was returned Lam, Chew Eng Han and Sharon to the church in full, with interest. Tan have been charged with We didn't lose the [S]$24 million, committing criminal breach of n o r d i d w e l o s e ' a n o t h e r trust. [S]$26.6m' as alleged. The church Their arrest earlier this week did not lose any funds in the c a m e a f t e r a t w o - y e a r relevant transactions, and no investigation by Singapore's personal profit was gained by the Commissioner of Charities (COC) individuals concerned." and the Commercial Affairs The church also defended its Department of the Singapore outreach program called the
Crossover Project. "[T]he Crossover Project is not about one person's singing career; it is a mission that is fundamental to the congregation of CHC. The Crossover Project is an outreach that uses Sun Ho's singing and music to engage people and places that would never otherwise hear the Gospel. As a result of the Crossover Project, many churches have grown worldwide and the faith of many has been strengthened," it asserted. Unhappy with the media's coverage on the case, Bobby Chaw, the pastor in charge of missions at City Harvest Church, commented, "In some instances, they seem to have pre-judged us. We will be dealing with this in due course." Chaw noted that they have been cooperating with the COC since the case opened two years ago. He also stated that the church has replaced half of its board with new members and that a "full internal audit" was done. "[W]e have been putting their recommendations into action, and will continue to do so," he said
Scripture is absolutely, fundamentally clear: God loves the world, and everyone in the world who trusts in Him will be saved." And those who are truly saved, he added, will be compelled to boldly preach the Gospel. They don't have to be cajoled to do it. Amid debate on the "sinner's regarding the audit. C i t y H a r v e s t C h u r c h w a s prayer," Southern Baptists chose founded in 1989 and claims to to adopt a resolution this month draw an average of over 23,000 affirming the prayer as "a biblical attendees. It reportedly has 49 expression of repentance and affiliated churches and six Bible faith." Notably, Platt voted for the schools all across Asia. resolution. Kong is, meanwhile, a highly sought after speaker around the "It was encouraging to see pastors world. According to the church, and leaders together say that we he personally withdrew himself need to be wise in the way we from CHC's staff payroll in lead people to Christ, but such November 2005 and started his wisdom doesn't necessarily warrant that everyone must throw own business. The executives are out on bail out a 'sinner's prayer' altogether," and are due back in court on July he stated. This entry passed through the 25. Full-Text RSS service if this is The COC confirmed with City Harvest that Kong will continue your content and you're reading it on someone else's site, please read to preach at the church. This entry passed through the the FAQ at fivefilters.org/contentFull-Text RSS service if this is only/faq.php#publishers. Five your content and you're reading it Filters recommends: Donate to on someone else's site, please read Wikileaks. the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Culture/ Daily World/
39
Manny Pacquiao Open to Visiting 'Brother in Christ' Floyd Mayweather in Jail

'LEAP
(Photo: REUTERS/Danny Moloshok) Filipino congressman and boxer Manny Pacquiao, the evening's guest host, poses at the North American premiere of the Filipino film "The Road" at the Arclight Hollywood Theater in Los Angeles May 9, 2012. June 29, 2012| 3:36 pm Pacquiao, 33-year-old Christian boxer, said he was open to the idea of visiting Mayweather, who is currently serving a three-month jail sentence stemming from domestic violence charges. "I'm open [to the idea], I would [consider it]," Pacquiao said about visiting Mayweather in a Boxing Scene report. "He is my brother in Christ and I pray for him that everything will be fine." Although the two have not been
friendly over the years with accusations of drug use and lawsuits being filed, Pacquiao seems to have let bygones be bygones recently. The Filipino fighter told the press that he is also praying for 35-year-old Mayweather. "I'm praying for him. I'm not treating him as my opponent, my enemy or anything," Pacquiao revealed before his fight against Bradley. "I'm treating him as my friend, my brother. I'm praying for him that all things will be fine for him." While fans have been waiting for the pair to face one another in a boxing ring, World Boxing Council (WBC) president Jose Sulaiman recently said that he would attempt to bring the bout into fruition. Follow us "Take it for sure I will do my best as this is the top fight the world wants to see," Sulaiman told the
taken this into account, by skewing the time over the course of the day, the company said. All of our servers were then able to continue as normal with the new year, blissfully unaware that a leap second had just occurred. On Saturday, many other servers were not so blissfully unaware. M a n i l a S t a n d a r d r e c e n t l y . Image: Flickr/ iandavid "[Mayweather] respects the This entry passed through the organization and is a friend. So are some of his representatives." Pacquiao has also reportedly been more vocal about wanting the fight with his famed promoter Bob Arum. Although the Filipino fighter has spoken about retirement earlier this year, he has a vested interest in fighting (Verse of the Day) Mayweather for his children. Submitted at 7/1/2012 12:00:00 AM "My kids request me: 'Dad, I want you to retire, but before, you have O LORD my God, I take refuge to fight Mayweather and beat in you; save and deliver me from him,'" Pacquiao said in the ESPN all who pursue me... Psalm 7:1 Thoughts on Today's Verse... report last February. This entry passed through the Who or what is pursuing you? Is Full-Text RSS service if this is it a past mistake? Is it an old your content and you're reading it enemy? Is it your conscience? Is it on someone else's site, please read a nagging sense of guilt? Is it the FAQ at fivefilters.org/content- someone who wants to do you only/faq.php#publishers. Five physical harm? Is it a physical Filters recommends: Donate to illness? In the middle of all the storms and struggles of life, where Wikileaks. do you go to find peace and security? There is only One who can be a true and lasting refuge. Just One! My Prayer... Father God, you are my refuge and source of strength when my courage is gone and my soul is
Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Verse of the Day - Psalm 7:1

weary. Please, dear Father, destroy all the forces and powers and enemies that pursue me and seek to take me captive and draw me away from you. In Jesus' name I pray. Amen. The Thoughts and Prayer on Today's Verse are written by Phil Ware. You can email questions or comments to phil@heartlight.org. 1998-2012, Heartlight, Inc. Verseoftheday.com is part of the Heartlight Network. All scripture quotations, unless otherwise indicated, are taken from the HOLY BIBLE, NEW INTERNATIONAL VERSION. 1973, 1978, 1984 by International Bible Society. Used by permission of Zondervan Publishing House.
40
Culture/ News Photos
16 terrible sequels nobody has ever heard of

(Holy Kaw!)
Adventure According to an informal survey done here at the office, most OK, maybe some of you are people are aware this film exists, familiar with some of these. But but nobody has actually seen it. how many of these questionable Can anyone share a review? sequels have you actually seen? 3. American Psycho 2 1. Ace Ventura, Jr. Mila Kunis and William Shatner Josh Flitter played Ace Ventura, star in this straight-to-DVD sequel Jr. in this 2009 spin-off of the to the Christian Bale hit. original series that starred Jim 4. Road House 2 Carrey. While Carrey isnt in this This straight-to-DVD sequel, film, he and Flitter do share one which clocks in at under 90 movie credit: both were in Eternal minutes, came out seventeen Sunshine of the Spotless Mind. years after the original. 2. National Lampoons Christmas 5. Legally Blondes Vacation 2: Cousin Eddies Island Reese Witherspoon, the star of
Submitted at 7/1/2012 11:14:38 AM
the first two Legally Blonde movies, produced this third film but did not act in it. Instead, the film stars British twins who play
cousins of Witherspoons original character. 6. Home Alone 4: Taking Back the House Supposedly, this film would have led to a Home Alone TV series had it been well-received. Unfortunately for French Stewart, it was not. See the rest at mental_floss. All the top stories from mental_floss. Permalink| Leave a comment
'Dallas' 1.06 photos and spoilers: Trouble from the past Examiner.com
(news photos - Google News)
'Dallas' 1.06 photos and spoilers: Trouble from the past Examiner.com "Dallas" will air an all-new episode on Channel 26 in Tempe on Tuesday night, and now fans are being given a glimpse at an upcoming episode. On Friday, KSiteTV. and more
Most Dangerous Object in the Office: BTC40 Tesla Coil

Wired (Wired Top Stories)
Photo: Stan Musilek Maniacal laugh? Check. White lab coat? Check. Dastardly plot to control the world? Check. Only one thing left to do before you become the official mad scientist of your workplace: Outfit your
cubicle with a Tesla coil. Flip on the BTC40 and itll snap, crackle, and dispense zaptastic 500,000volt sparks of electricity. Similar devices were used a century ago to transmit radio signals, but ever since a Tesla appeared as a lab prop in the original Frankenstein, it has sent a very different genius you should not mess with. message: The owner is a deranged Even if youre not stitching
together cadavers in a vain effort to become godlike, the coil can strike fear in the hearts of your coworkersit doles out painful shocks, and one stray bolt can instantly fry a laptop hard drive. Mwa-ha-ha! Fear the wrath of the electromagnetism I have unleashed, puny mortals! This entry passed through the
Politics-Left/
41
Hong Kong leader sworn in as protests swell

(AL JAZEERA ENGLISH (AJE))
Submitted at 7/1/2012 10:16:05 AM
interrupt Hu as he began his address was bundled away by security officials. Hong Kong's new Beijing-backed The man, one of the guests leader has been sworn in amid invited to the inauguration, waved rising public discontent over a small flag and yelled slogans widening inequality and lack calling for China's leaders to of full democracy in the semi- reverse their condemnation of the autonomous southern Chinese brutal June 4, 1989 crackdown financial centre. on protesters in Tiananmen Tens of thousands of people are Square. expected to take to the streets later He also called for an end to oneon Sunday in an annual protest party rule in China. that is an occasion for ordinary Hu took no notice and continued people to air their grievances over to read his speech, but the a range of issues. incident marred what was Al Jazeera's Rob McBride, s u p p o s e d t o b e a c a r e f u l l y reporting from Victoria Park in o r c h e s t r a t e d v i s i t . Hong Kong, where protesters had Self-made millionaire begun to gather, said the annual Leung, a police officer's son and event is where various political self-made millionaire, replaces groups come together. "If you career bureaucrat Donald Tsang, have a grievance, you come out who took office in 2005 and o n t h i s d a y t o a i r t h o s e is barred from another term. grievances." The 57-year-old takes over Hong "It has to be said, though, given Kong's top job amid swelling the events of what has been taking public anger over a yawning place today with the new chief i n c o m e g a p , s k y r o c k e t i n g executive, more people have property prices and rising unease come out than usual." about mainland China's growing Leung Chun-ying took office in a influence. morning ceremony overseen by A protester interrupted the Chinese President Hu Jintao, inauguration ceremony, yelling becoming Hong Kong's third chief slogans against the Tiananmen executive since more than a Square crackdown [Reuters] century of British colonial rule "We will focus our energies on ended and China regained control major and pressing issues," said of the city 15 years ago. Leung, who outlined plans to even There were sporadic scuffles o u t H o n g K o n g ' s w i d e n i n g between demonstrators and police i n e q u a l i t y . outside the convention centre He vowed to provide more where the event took place. affordable housing and land for A demonstrator who tried to property development, though he
with his wife, Regina) took office in a morning ceremony [Reuters] The scandals have stirred anger among Hong Kong residents, many of whom can only afford tiny apartments. Yeung Sum, from the Democratic Party, told Al Jazeera while attending the annual protest that Leung is already in "big trouble." "I think he has already lost his honeymoon, because the public are concerned about his credibility, and they are worried about his lack of integrity." "We are worried about the legislation, or that there will be also said "there is no need for a subversion legislation that was any real universal suffrage," said Yeung. major reversal of policy". later shelved. Calls for democracy have been The huge number shocked Party claims catalysed by the way in which China's leaders, who maintain Leung is not seen as friendly to L e u n g g o t h i s j o b a n d b y strict control on the mainland. the billionaire tycoons that corruption scandals surrounding Organisers said last year's event dominate Hong Kong and who his predecessor. drew more than 200,000 people, initially backed Tang. Trained as a land surveyor Leung was chosen as chief although police said the number and holder of a British degree in executive in March, winning 689 was much lower. votes from a 1,200-seat The scandal over Leung's estate management, he worked his committee of business elites who mansion has added to worries way up to the m o s t l y v o t e d a c c o r d i n g about his integrity because he top of a property consultancy to Beijing's wishes. took advantage of gaffes by rival firm. H o n g K o n g ' s 3 . 4 m i l l i o n H e n r y T a n g , i n c l u d i n g Some in Hong Kong also fear registered voters, who can vote the discovery of a huge, luxurious that Leung is an underground for neighbourhood councillors but illegal basement extension, to member of China's Communist Party because he was named to and half of all politicians, had no win the contest. say. At the time, he promised that he lead a committee helping to draft Annual march h a d n o i l l e g a l s t r u c t u r e s the Basic Law, Hong Kong's mini Pro-democracy activists are but reporters at a local newspaper -constitution that would take gathering for an annual march that discovered over the past week that effect on July 1, 1997, while still is expected to draw tens of Leung's upscale home in an in his early 30s. thousands people. exclusive neighbourhood on Leung denies that and said his The yearly event began in 2003, Victoria Peak had six, including a volunteer activities helping to when half a million people turned small basement. HONG page 42 o u t t o p r o t e s t a n t i - Leung Chun-ying (pictured above
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Politics-Left/ Gaming/
Mexico begins voting for new president

HONG
Mexicans have started voting for a new president with the opposition party that dominated the country for most of the past century poised for a comeback after the ruling conservatives failed to provide strong growth or halt a brutal drugs war. Twelve years after the Institutional Revolutionary Party (PRI) lost power, polls show its candidate, Enrique Pena Nieto, heading into the vote on Sunday with a double-digit lead over his opponents, despite lingering doubts about the party. Tainted by corruption, electoral fraud and occasional bouts of brutal authoritarianism during its 71 years in power, the PRI was voted out in 2000. But it has bounced back, helped by the economic malaise and a tide of lawlessness that have plagued Mexico under the conservative National Action Party (PAN). Election officials solemnly looked on as a giant red, white and green national flag was hoisted in the capital before polls opened at 1300 GMT. The first national exit polls are expected when voting ends in the westernmost part of the country 12 hours later.
After ending the PRI's rule in 2000, the PAN raised hopes of a new dawn for democracy in Mexico. But years of weak growth and the death of more than 55,000 people in drug-related killings since 2007 have eroded its popularity. Voter mistrust Andres Manuel Lopez Obrador from the leftist Party of the Democratic Revolution (PRD) insists that his figures show that he can pull an upset victory. Lopez Obrador lost in 2006 by less than one per cent and claimed he was robbed of his victory. Weeks of mass protests followed, bringing Mexico City to a standstill. Polls show Josefina Vazquez Mota from PAN in a distant third, with about 24 per cent support, while Gabriel Quadri, a civil engineer representing a party created by the country's powerful teachers' union, has between two and four percent support. Mexican presidents are elected by simple majority for six-year terms and are banned from running for re-election. Consecutive re-election is also banned in all other elected positions. There is no run-off vote, meaning that a plurality of votes likely will
be cast for someone other than the winner. Mistrust in the electoral system runs high. Pre-vote surveys suggested that 40 per cent of the nearly 80 million eligible voters will not bother to show up at the polls. A survey out Friday by the Autonomous University of Mexico showed that 71 per cent of Mexicans believe electoral fraud is possible. Nearly one million Mexicans, including IFE workers, volunteer citizens and party representatives, as well as 700 international observers will be at polling stations across the country to oversee the vote. Also on the ballot are 500 members of the Chamber of Deputies who serve for three years; 128 members of the senate, who serve for six years; and various mayoral and gubernatorial positions. 486 This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
develop China's land use rights following the country's economic reform that began in 1978 earned him a good reputation in China. 891 This entry passed through the Full-Text RSS service if this is your content and you're reading it
on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Nathan Drake is the devil in this spoof on respawning

Mike Suszek (Joystiq)
Submitted at 7/1/2012 10:30:00 AM
A new video from the Fat Awesome Films YouTube channel shows just how bad the bad guys have it (really bad). It might make you feel bad for the
bad guys, and not so bad for Nathan Drake, who is the devil. Nathan Drake is the devil in this spoof on respawning originally appeared on Joystiq on Sun, 01 Jul 2012 10:30:00 EST. Please see our terms for use of feeds. Permalink| Email this| Comments
Politics-Left/ Gaming/
43
Kenya grenade attacks hit church services

Submitted at 7/1/2012 10:47:36 AM
At least 19 people have been killed in attacks at two churches in Kenya's eastern town of Garissa, according to the country's Red Cross. Sunday's attack in the normally quiet Garissa is the latest in a series that has rocked Kenya since it deployed troops into southern Somalia last October to hunt down al-Shabab fighters who are said to have links to al-Qaeda. Garissa is serving as a military base for operations against the Islamist fighters. Witnesses said bodies lay scattered in the blood-spattered churches as scores of wounded were rushed to hospital. "It is a horrible sight to see," said Hussein Abdi, a resident of Garissa. Regional police chief Philip Ndolo said a total of seven attackers hurled grenades inside
the Catholic Church and the African Inland Church before opening fire with guns. Two police officers were among the dead. The assailants struck the churches, which are 3km (two miles) apart, at around 10.15am (0715 GMT). "The goons were clad in balaclavas and hurled the grenades at the Catholic Church and the [African Inland Independent Church] in the town," Ndolo told the Reuters news agency. Christian worshippers have been previously targeted in grenade blasts that left two people dead in March and April. The Vatican described Sunday's attacks as a "horrible and very worrying" act. "The bloody attacks in Kenya in the town of Garissa against two churches, including a Catholic cathedral, during Sunday prayers, are a horrible and very worrying
fact," Federico Lombardi, the spokesman, told Vatican Radio. Garissa is not far from the Dadaab refugee camp, where a Norwegian aid delegation was attacked yesterday and four of its members taken hostage in their own car, which the kidnappers drove towards the Somali border. Recent attacks in Kenya are believed to be the work of groups sympathetic to al-Shabab, the Islamist group fighting to overthrow the Somali government, Al Jazeera's Nazanine Moshiri said. 307 This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
The Quantum Conundrum show is heavy on fluff, frenzy

Jessica Conditt (Joystiq)
is produced by iam8bit, and this is the first episode in a series that Submitted at 6/30/2012 11:59:00 PM will show off each dimension of The premiere episode of The p h y s i c s - p u z z l e r Q u a n t u m Super Dimensional Quantum Conundrum: fluffy, heavy, slowL e a r n i n g ' s P r o b l e m s a n d mo and reverse gravity. Solutions Gametime Spectacular!! For a less manic take on is live, and that's all we're going Quantum Conundrum, check out to say about that. We're not going our review, a recorded live stream to mention how former G4 host of us playing the first bit of the Kevin Pereira makes for an overly game, and our discussion of its emphatic, quirked-out presenter, finer points on the Super Joystiq how it seems developers Airtight Podcast, as part of the Joystiq Games really want Quantum Research Institute. Conundrum to go viral, or how The Quantum Conundrum show we honestly couldn't watch the is heavy on fluff, frenzy originally entire thing because it hurts us, appeared on Joystiq on Sat, 30 precious. Why does it hurts us? Jun 2012 23:59:00 EST. Please The Super Dimensional Quantum see our terms for use of feeds. L e a r n i n g ' s P r o b l e m s a n d Permalink| Email this| Comments Solutions Gametime Spectacular!!
44
Sports/
Serena survives third-round Wimbledon scare - Baltimore Sun

(- Bing News)
string of balls to pop out of his pocket in mid-rally but still managed eke out a nerveLONDON -- Serena Williams shredding 7-5 3-6 7-5 6-1 win as fired down a Wimbledon record the clock struck 2302 local time 23 aces, Yaroslava Shvedova the latest ever finish at the blitzed through a record 24 grasscourt slam. consecutive points and Andy Time was also an issue for his Murray beat the clock in another next opponent Marin Cilic. night of late drama as the All The Croatian staggered past Sam England Club ushered in the AN - Querrey 7-6 6-4 6-7 6-7 17-15 in - after Nadal -- era on Saturday. fading light to win the second Forty-eight hours after brazen longest ever match at the All Czech Lukas Rosol turned tennis's England Club. world order on its head by Two years after John Isner won bludgeoning Rafa Nadal out of an 11 hour five minute duel Wimbledon and 24 hours after against Nicolas Mahut, which Roger Federer came within two featured 183 games and ended 70points of falling through the same 68 in the fifth set, a similar battle trap door, Murray waged his own played out on Court Two. battle under the floodlights - this But at five hours 31 minutes, time with the clock. Cilic achieved his win in less than Wimbledon rules state that half the time it took Isner to put Centre Court matches must finish away Mahut in 2010. by 2300 local time and with the Earlier in the day, it seemed as if seconds ominously ticking down, four-times women's champion it seemed as if Murray would be Williams was also on borrowed left hanging in no man's land till time. Monday to complete his third- The American's serve was on fire round match against Cypriot and she was never broken but she Marcos Baghdatis. was lucky to escape unscathed as As it was he survived a series of she subdued Zheng Jie's charge falls, was penalized for allowing a with a 6-7 6-2 9-7 third-round
win. It was little wonder that Williams arched backwards to let out an almighty roar of relief after punching away a backhand volley on her third match point to complete a 6-7 6-2 9-7 win in just under 2-1/2 hours on a blustery and baking hot Centre Court. It was the same arena that Rosol had found to his liking on Thursday as his ferocious forehands and atomic aces destroyed Nadal's title hopes. But 48 hours later, Rosol will be hoping he does not end up being a one-hit wonder as he headed back into obscurity after a less than spectacular 6-2 6-3 7-6 Court 12 drubbing at the hands of Germany's Philipp Kohlschreiber. Kazakhstan's Shvedova will be looking to reach her second successive grand slam quarterfinal when she takes on Williams on Monday but it is unlikely she will repeat the kind of run she enjoyed on day six of the grass court championships. The 24-year-old wildcard left French Open runner-up Sara Errani red-faced by becoming the first player to win a set in a grand
slam tournament without conceding a point. The first set disappeared in a 15minute blur as Shvedova won 24 consecutive points -- known as a golden set -- en route to a 6-0 6-4 victory. Williams, for one, was bemused by Shvedova's achievement. "Hopefully I'll be able to win a point in the set (on Monday)," grinned the American, who broke her own women's Wimbledon record for aces. "I never knew that (golden set) existed. I was like 'What does that mean'? I immediately thought, she won all four in a row and the Olympics? I thought that wasn't possible. That's the only golden thing I know of." Joining the 13-times grand slam champion in the second week were title holder Petra Kvitova, Australian Open victor Victoria Azarenka and former French Open champions Ana Ivanovic and Francesca Schiavone. Andy Roddick's chances of winning that elusive Wimbledon crown faded further into the sunset when he was outplayed 2-6 7-6 6-4 6-3 by seventh seed David
Ferrer. Three-times runner-up Roddick has now failed to reach week two for the second year running and with his 30th birthday just a few weeks away, the resigned look on his face at the end of the match suggested that even he knew that his time was up. In stark contrast, fellow American Brian Baker has been providing the feel-good factor in the men's game this week. The 27-year-old qualifier -described by Mardy Fish as a player who "just fell off the map" -- showed that it is never too late to mount a career comeback as he fought his way into the last 16 with a 6-4 4-6 6-1 6-3 win over Benoit Paire. ( This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Sports/ News Photos
45
EURO 2012 LIVE: It's Spain vs. Italy for the title - Minneapolis Star Tribune
(- Bing News)
Photos: Alec Baldwin Finally Ties The Knot, Gets NY Times Announcement Gothamist
Submitted at 7/1/2012 11:05:48 AM
KIEV, Ukraine - It's the final day of Euro 2012, with Italy and Spain going head to head for the cup. Follow the best of the action, photos and pre-match buildup here. Want to have your say? Contact (at)phillipsian and (at)simonhaydon via Twitter. All times are Ukrainian. ___ 1915: In an era when many sports struggle to maintain ratings, U.S. viewership of international football is increasing at a startling rate. The two Euro 2012 semifinals averaged 1.91 million viewers, a 46 percent increase from 1.31 million four years ago. With both semis starting at 2:45 p.m. EDT, Spain's penalty kicks victory over Portugal was seen by 1.95 million on Wednesday, and Italy's 2-0 upset win over Germany was viewed by 1.85 million the following day. ESPN said the semis averaged 576,000 additional viewers on computers, smart phones, tablets and Xbox. The first 31 matches averaged 1.2 million viewers on ESPN's networks, up 61 percent from
2008. ___ 1900: jongreenlee (via Twitter): Today history will be made. Spain will win their first meaningful match with Italy in a century. Possesion will win. cpes100 (via Twitter): Which Balotelli turns up today will influence the result. I go Spain 2 Italy 1 in normal time. izzy15mercado (via Twitter): The Spanish D will be all over Balotelli making sure he's very uncomfortable on the pitch. Spain 1 Italy 0. ___ 1645: Five hours until kickoff at the Olympic Stadium and the outcome is so hard to predict. Can Italy's Andrea Pirlo continue to shine even in the company of Spain's Xavi Hernandez, Andres Iniesta and Xabi Alonso? Will it be showman Mario Balotelli's night? Or another headlinegrabbing night for Cesc Fabregas whose penalty got Spain into the final and also won the 2008 European Championship final? Of course it could come down to nerve-wracking penalties with two of the world's very best
goalkeepers, Iker Casillas and Gianluigi Buffon, emerging the hero. ___ 1630: Will Spain throw off the shackles and attack more tonight? They beat Portugal on penalties in the semifinals after a 0-0 draw. Their 2-0 victory over France in the quarterfinals included a penalty and a 1-0 win over Croatia in the final group match needed an 88th minute winner from Jesus Navas. That's just two goals from open play in 300 minutes of football. The coach has mostly opted for starting lineups without a recognized striker, hoping one of the midfielders will ghost into attacking positions and score. That's risky especially gainst Italy which over the years has traditionally been a hard team to break down. ___ 1615: Among tonight's guests could be Belarus' authoritarian president Aleksander Lukashenko. EU leaders are boycotting Sunday's match over the jailing of former Ukraine premier Yulia Tymoshenko. ___ 1600: So far, 72 goals have been
scored and here are AP's John Leicester top five contenders. Still time, though, for another entry or two tonight. Want your say? Contact us via Twitter: DANNY WELBECK vs. Sweden: Brilliant for its cunning and exquisite timing. ZLATAN IBRAHIMOVIC vs. France: An acrobatic kick Bruce Lee would have been proud of. DAVID SILVA vs. Ireland: He passed it into the back of the net past one defender, through the legs of two others, and beyond 'keeper Shay Given. ANDREA PIRLO vs. England: The height of cool, chipping a penalty over the 'keeper Panenka-style. DI NATALE vs. Spain: Not the prettiest of goals, but worth a mention because of the rarity of anyone scoring past Iker Casillas. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Christian Post Photos: Alec Baldwin Finally Ties The Knot, Gets NY Times Announcement Gothamist After all the photographer punches, passive agressive gift baskets and ghostly apparitions, Alec Baldwin and Hilaria Thomas tied the knot at St. Patrick's Old Cathedral on Mott Street yesterday. Guests included Tina Fey, Lorne Michaels, Woody Allen... Photos: Alec Baldwin marries yoga instructor in NYC KMOV.com Alec Baldwin Married Man After New York City Wedding ( PHOTOS) Christian Post all 456 news articles
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Gaming/ News Photos
Weekly Webcomic Wrapup is vaguely in love

Mike Suszek (Joystiq)
Submitted at 7/1/2012 12:00:00 PM
Hundreds of historical photos put on Flickr to mark Canada Day TheChronicleHerald.ca

Submitted at 7/1/2012 10:03:00 AM
Wrapup devotees might notice that this week's post is a day late. That would be inexcusable if I weren't celebrating the love two of my best friends share at a their joint bachelor party (which involved relaxing on a boat for a lengthy period of time followed up by a baseball game). Apologies to our readers, but love conquers all. I wish there were a great way to convey this in video game form. Lust and infatuation are fairly common in video games, but what about true love? Some JRPGs approach the matter in an intriguing way, where the bonds between teammates grow stronger as their adventure intensifies. But is it love? I get the impression that some of the emotions shown are vague, fleeting fits of joy that lack the depth of true love. Love is a difficult emotion to get across in games, as players can only be told about the feelings shared by characters. Without really "feeling" and understanding
that connection themselves, players don't get the full effect of witnessing something powerful and honest. To me, that means it's more than likely these games exist, but are also dependent on other factors to make that emotion shine. Maybe more characters need to invite the player to celebrate their love firsthand. That means we need more parties on boats in video games. I encourage you to show last week's webcomics a little love,
and then vote for your favorite after the break! Beleaguered ( Awkward Zombie) Magic 2k13 ( Legacy Control) Abobo ( Magical Game Time) Form of: Flying Potato Squid! ( Manly Guys Doing Manly Things) Speedball 2: Brutal Deluxe ( Blow the Cartridge) Sonic the Hedgehog 4: Episode 2 ( GG-Guys) Innovation ( Penny Arcade) Welcome to the Neighborhood (
Virtual Shackles) Continue reading Weekly Webcomic Wrapup is vaguely in love Weekly Webcomic Wrapup is vaguely in love originally appeared on Joystiq on Sun, 01 Jul 2012 12:00:00 EST. Please see our terms for use of feeds. Permalink| Email this| Comments
TheChronicleHerald.ca Hundreds of historical photos put on Flickr to mark Canada Day TheChronicleHerald.ca TORONTO Horse-drawn carriages parade down a quaint and unpaved Government Street in downtown Victoria. Fishing canoes rest undisturbed on the marshy banks of the Red River in Winnipeg. A sleepy, muddy King Street West sits empty in downtown... Hundreds of colonial-era photos uploaded to Flickr to mark Canada Day Canada.com all 20 news articles
Politics-Right/
47
David Frum
(David Frum)
Andrew Sullivan complained yesterday that I had engaged in a McCarthyite attack on Ron Paul by writing the following: A politician isnt answerable for the antics of every one of his supporters. But theres surely a reason, isnt there, that racists, anti-Semites, 9/11 Truthers, and Holocaust deniers are so strongly attracted to the Paul campaign. They hear something. They continue to hear it too, no matter how firmly Ron Pauls more mainstream supporters clamp their hands over their own ears. Andrews riposte: Notice how pure the smear is, enabled and not diminished by the first sentence. Notice the key concept of Beltway ideological policemen: there is a mainstream and a non-mainstream. Dabble with the latter at your peril. Since David has perished by the cult of the mainstream, its odd he should deploy it against others. But to throw in Holocaust denial and 9/11 Truthers for good measure! Really. And notice how particularly cheap and easy it is to use such tactics against a libertarian. The traditional left is often based on collective associations, building a movement out of oppressed groups and their grievances, whether it be class or race or even
sexual orientation. Libertarianism is the opposite. Its about dis associating. When you listen to Paul saying he will not turn anyone away from supporting his platform regardless of their motives or beliefs, you are hearing a reflection of his libertarianism, not his bigotry. He will accept support from any quarter and compared with the corporate money flowing into the other candidates coffers, he is about as independent as a presidential candidate can be. Because he is a radical individualist, he doesnt even understand why he should somehow explain the belief of others, or justify their support. You should ask them, not him. This kind of gotcha-association game is particularly easy because libertarians favor liberty above all, and that will necessarily mean liberty for bigots as well as others. A principled belief in states rights will doubtless lead to more racist and homophobic policies in many states but also, of course, more enlightened and successful inclusive states like Oregon or New York or Massachusetts or California. A rejection of statism might lead to more discrimination in the private sector. But it doesnt mandate it. And it need not encourage it. A noninterventionist foreign policy will allow evil to triumph elsewhere in
the world, because it believes its none of our business or too riddled with unintended consequences to try extirpating. That may be right or wrong, but it is not an approval of the evil of Assad or Ahmedinejad or the North Korean junta. And again, it is actually much deeper an American tradition than permanent warfare. But if you can trot out David Duke or Ayatollah Khamenei as potential Paul supporters, you have a very easy, cheap and essentially McCarthyite target. It saddens me that this kind of tactic works. I still believe that the newsletters, because they were in Pauls name, require a clearer explanation from Paul than the muddled ones he has given. He should not be left off the hook. And his proposals deserve a thorough vetting and discussion. But there is something awry when a candidate is assessed not on his arguments and proposals but on the shadiness and ugliness of some of his fringe supporters. Ron Pauls supporters ask that their candidate not be judged by his associates. Or by the people he chose to employ. Or by the newsletters he published. Or by the book he wrote. Or by the way he earned the largest part of his living when out of office in the 1990s. Or by his purchase of the mailing list of the Holocaust-
denying Liberty Lobby. Or by the radio shows he chooses to appear on. Or by his strategic decision to reach out to racist voters. Or by the conspiracy theories to which he lends credence, from government creation of AIDS to Israeli culpability for the 1993 bombing to a putative 9/11 coverup. And here I thought that libertarianism was a doctrine of personal responsibility? May Ron Paul at least be judged by the words he has spoken with his own mouth within the current campaign? The supporters say no again. When Ron Paul tells an interviewer that the Civil Rights Act of 1964 made race relations worse, were not supposed to consider what he might mean by better. When Ron Paul warns that a border fence would be used to prevent fleeing American citizens from exiting the country, were not supposed to conclude that hes a paranoid crank. Andrew deploys what might be called the ontological defense of Ron Paul, as follows: 1) Ron Paul is a libertarian. 2) Libertarians espouse individualism. 3) Racism is a form of antiindividualism. 4) Therefore Ron Paul cannot be a racist. That is a demonstration of what
might be called the deductive method of reasoning. But theres another way to study reality: induction. Like this: 1) Ron Paul has again and again exploited bigotry, paranoia, and hate as fundraising devices. 2) Ron Paul is a libertarian. 3) So yes, I guess it is possible for a libertarian to do that. Heres my question for Ron Paul supporters: why the denial of the undeniable? Perhaps you like Pauls message of legalized marijuana? Why not just say so? You dont think its important to stop Iran from gaining nuclear weapons? Argue it forthrightly. If you regard Social Security and Medicare as literally the moral equivalents of slavery, go ahead, make your case. But all this excuse-making, special pleading and jiggering of the rules of evidence so as to exculpate Ron Paul from the record of his whole political life? For what? This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
48
Politics-Right/
Local Churches and Charities Help Victims of Colorado Fires

Sarah Torre (The Foundry: Conservative Policy News Blog from The Heritage Foundation)
Amid the destruction of the Waldo Canyon fire in central Colorado, local churches and charity organizations have quickly mobilized to meet the needs of neighbors fleeing the fire. New Life Church in Colorado Springs has been a hub of disaster relief activities since the fire started roaring down mountain ranges to within a few miles of the citys limits earlier this week. We dont wish for these kinds of tragedies, but in these kinds of times this is the churchs finest hour, New Life pastor Brady Boyd explained to reporters. This is when the church can be the church. Our people from across the city are responding. New Life members, like many other local organizations, moved to action as the fire rushed closer. They took people in their homes. They took food down to the food banks. There were people that were moving horses, livestock out of danger, theyve volunteered all that, Brady said.
Four semi-trailers full of food and basic provisions have arrived at New Life. As many evacuations have yet to be lifted, the church has also set up a housing network to help victims of the fire connect with others willing to open their homes to evacuated families. Three Catholic Charities affiliates near Denver and Colorado Springs have sent financial donations, relief supplies, and
importance of these institutions for the health of civil society. However, increasing government overreach and disregard for the groups religious freedom to continue helping others in accordance with their faiththe same faith that motivates them to serve in the first place threatens these invaluable institutions. Ironically, while faith-based charities were helping victims of Colorados fires this week, the Supreme Court upheld Obamacare, which would force such religious organizations to violate their beliefs by providing life-ending services in insurance plans. Policymakers and all Americans should be vigilant to food to shelters near the blaze. disaster relief efforts is their protect the integral work of faithSamaritans Purse has coordinated intimate knowledge of the lives based groups by respecting and disaster relief teams near other and needs of their communities. defending their religious freedom. fires, offering basic necessities to In addition to the social services This entry passed through the evacuees and starting the clean-up provided year round by charities, Full-Text RSS service if this is process with families who lost local community organizations your content and you're reading it everything to the blazes. situational awareness and physical on someone else's site, please read As Heritages Jennifer Marshall proximity allows them to swiftly the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five a n d J a m e s C a r a f a n o h a v e meet their neighbors needs. explained, part of what makes The integral position of local Filters recommends: Donate to churches and local faith-based c h u r c h e s a n d f a i t h - b a s e d Wikileaks. organizations invaluable to organizations should reaffirm the
Politics-Right/ Social Media/
49
D.C. Could be Without Power for Days

(The Feed)
Via Washington Post: Daybreak Sunday found 789,358 in the Washington region still without power, facing another sweltering day and the prospect of returning to work Monday before electricity is restored to their homes. Many roads made impassable by fallen trees and the power lines they took down were reopened by Sunday as crews worked through the night to clean up the tangled aftermath of the storm that struck before midnight Friday. The regions three utilities said they were making progress in turning the lights on again, but they cautioned that broken branches and hanging limbs continued to topple onto power lines, causing blackouts for people who thought they have
Happy Birthday Walkman: 10 Cassette Cases for Your iPhone

Amy-Mae Elliott (Mashable!)
Submitted at 7/1/2012 10:02:21 AM
weathered the storm unscathed. . . U p d a t e s t o follow. Greg Pollowitz This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
With Nexus 7, Google Finally Gets Android Tablets Right [REVIEW]

Peter Pachal (Mashable!)
Google Nexus 7 The Nexus 7 is essentially Google's answer the the Amazon Kindle Fire -- a 7-inch tablet priced at $199 that's based around media consumption. In almost every respect, the Nexus destroys the Fire. Click here to view this gallery. This, Android fans, is the tablet you've been waiting for. Google's Nexus 7 finally nails it for Android tablets. It has an inviting design, excellent software, and the right components inside to keep it all running. Even better, it has the
1. Neon Cassette Tapes This cool range comes in bright colors and can be adorned with spikes or studs, if you're going for the punk look. Cost: $12.22 Click here to view this gallery. To mark the anniversary of the Sony Walkman, launched in right price: $199, and that's even before the $25 in downloadable Japan on July 1, 1979, we have media you get if you preorder collated a retro selection of cassette-themed cases for the one. The Nexus 7 is the Android Walkman of today: the iPhone. media tablet the Kindle Fire was While audio cassettes may have supposed to be. When the Kindle had their downsides (remember Fire debuted in the fall, it was a trying to re-spool a chewed up success because the price was just tape?), they still have a special as right (also $199), but also place in many people's hearts. because it did something Android SEE ALSO: 15 Accessories That tablets hadn't done very well until Celebrate the Iconic Power then: It put media consumption Symbol Take a look through the front and center, the home screen slideshow above for our vintageserving as a storefront for style choices. What was your first Continue reading... More About: android, Google, cassette tape? jelly bean, Nexus, Nexus 7, Thumbnail image courtesy of reviews, tablets, trending HAPPY page 50
50
Daily World/
HAPPY
Flickr, edvvc More About: accessories, features, Gadgets, iphone, Mobile, Tech, walkman
Four RBS traders sacked over fixing

(Evening Standard - News)
Submitted at 7/1/2012 11:10:09 AM
anyone found to have manipulated the Libor interbank lending rate. Ministers have also announced an Taxpayer-backed Royal Bank of independent review into the interScotland (RBS) sacked four of its bank lending rate after the rigging traders at the end of last year over scandal, but a wider inquiry into their alleged role in the Libor- the banking industry has been fixing scandal, sources have said. urged by Labour leader Ed The revelation comes after the Miliband. bank confirmed it is being The Government said the investigated for manipulating the independent review will consider rates at which banks lend to each the future operation of the soother. called Libor rate and the Two of the traders were removed possibility of introducing criminal from their posts in October and a sanctions for its manipulation. third the following month. RBS Treasury sources said its review h a s n o t c o m m e n t e d o n t h e would ensure a speedy response sackings. to the issue, resulting in The RBS revelation comes amid amendments to the Financial speculation over the scale of the Services Bill this summer. rate-rigging probe in the UK and Ministers are considering setting internationally in the wake of the up a separate review into the B a r c l a y s s e t t l e m e n t l a s t professional standards of bankers. Wednesday. Barclays boss Bob But Mr Miliband insisted the Diamond is preparing to face a public would not accept anything panel of MPs over the controversy less than a full-scale independent this Wednesday. He has so far inquiry into the culture and resisted pressure to resign. practices of banking. Calls are mounting for criminal Barclays was fined 290 million proceedings to be taken against by UK and US regulators for
manipulating the rate at which banks lend to each other in the first of two scandals to rock the City this week. On Friday, the FSA revealed separately that Barclays, HSBC, Royal Bank of Scotland and Lloyds Banking Group had agreed to pay compensation to customers who were mis-sold interest-rate hedging products. Some 28,000 of the products have been sold since 2001 and may have been offered as protection - or to act as a hedge against a rise in interest rates without the customer fully grasping the downside risks. Serious Fraud Office investigators are in talks with the regulator over the scandal. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Daily World/
51
PM's EU poll move 'jam tomorrow'

Submitted at 7/1/2012 11:10:08 AM
David Cameron has failed to satisfy Conservative demands for a referendum on the European Union after declaring that he was prepared to consider the idea - but not yet. The Prime Minister was accused of offering "jam tomorrow" with his offer to go to the people once Britain's future relationship with Brussels, in the aftermath of the eurozone crisis and further EU integration, becomes clear. He insisted that an immediate in/ out referendum was not what the public wanted. But, in an article for The Sunday Telegraph, Mr Cameron acknowledged the need to ensure the UK's position within an evolving EU has "the fullhearted support of the British people". He stressed there would be further opportunities in the coming months and years to win back powers from Brussels and
that he wanted to be able to offer voters a "real choice" in any potential referendum. He said he wanted to scrap "whole swathes" of legislation on social issues, working time and home affairs. "As we get closer to the end point we will need to consider how best to get the full-hearted support of the British people, whether it is in a general election or a referendum," he said. "As I have said, for me the two words 'Europe' and 'referendum' can go together, particularly if we really are proposing a change in how our country is governed, but let us get the people a real choice first." He is expected to set out more detail about the possibility of a referendum in the autumn. Influential eurosceptic backbencher Mark Pritchard said Tory grassroots were "fed up of aluminium guarantees" and insisted there should be a referendum during the current parliament. "Once again, when it
comes to Europe, it's always jam tomorrow. But tomorrow may never come," he said. Nearly 100 Conservative MPs wrote to Mr Cameron recently urging him to make a legal commitment to hold a poll on the UK's relationship with the EU during the next parliament. Labour said Mr Cameron's positioning on a referendum was a "shambles" and revealed more about his "weakness" in managing his party than in his plans for a plebiscite. Nigel Farage, leader of the UK Independence Party (Ukip), said Britain was no closer to getting a referendum on the EU and told Tory eurosceptics they were "in the wrong party". This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Verse of the Day - 1 Thessalonians 4:16-17

(Verse of the Day)
standing on tiptoe as I look to the clouds to see my Lord and your Submitted at 7/1/2012 12:00:00 AM Son return in glory and receive The Lord himself will come the welcome and honor he down from heaven, with a loud deserves. I praise you for that day command, with the voice of the now, even though I only see it by archangel and with the trumpet faith. Until I see you on that day, call of God, and the dead in Christ please know my heart's desire is will rise first. After that, we who to serve you, even when my are still alive and are left will be weakness gets in my way of caught up together with them in showing it as fully as I should. the clouds to meet the Lord in the My thanks to you in Jesus' name. air. And so we will be with the Amen. Lord forever. 1 Thessalonians The Thoughts and Prayer on 4:16-17 Thoughts on Today's Today's Verse are written by Phil Verse... What do you have that is Ware. You can email questions or forever? Most of everything we comments to phil@heartlight.org. have falls apart, breaks, or runs 1998-2012, Heartlight, Inc. down in a short time. But we have Verseoftheday.com is part of the at least three things that last Heartlight Network. forever: God, our Christian All scripture quotations, unless friends, and our praise of God. otherwise indicated, are taken These are eternal. Someday, we from the HOLY BIBLE, NEW will share in all three of these in INTERNATIONAL VERSION. unbroken and glorious joy. My 1 9 7 3 , 1 9 7 8 , 1 9 8 4 b y Prayer... God, I look forward to International Bible Society. Used the day of your next great by permission of Zondervan surprise. I join the angels in Publishing House.
52
Daily World/ Technology/
McGuinness spoke of Queen's loss

Submitted at 7/1/2012 11:10:07 AM
the Queen responded. "I said to them that I recognised that they too had lost a loved One of the most painful chapters one," said Mr McGuinness. in the Queen's life - the IRA "I did not shy away from the issue murder of her cousin Lord because I think these are things Mountbatten - was acknowledged that we need to face up to. I will in her private talks with Martin not repeat what she said as that McGuinness, it has emerged. would not be proper, but she was The Stormont deputy First absolutely understanding of the M i n i s t e r r e v e a l e d t h a t h e need for everybody to work addressed the 1979 murder when together to ensure that we don't go he met the Queen privately in back to the past." Belfast last Wednesday. He added: "She was very The former IRA commander gracious about it." shared an historic handshake with Mr McGuinness revealed some the Queen in public at the city's of the detail of the private meeting L y r i c t h e a t r e , b u t t h e i r during a talk show on RTE conversation took place during an television on Saturday. Sinn Fein initial private meeting at the had previously said that during venue. the meeting Mr McGuinness Mr McGuinness said he would referred to the Queen's groundnot detail exactly what he said b r e a k i n g v i s i t t o t h e I r i s h d u r i n g t h e e i g h t - m i n u t e Republic last year where she discussion, which the Duke of spoke of the need to remember all Edinburgh also attended, or how victims of the Troubles.
The party said Mr McGuinness had endorsed that view, but in his TV comments he went further and revealed he had raised the fact that the royal family had themselves suffered loss. Lord Mountbatten was killed with three others when the IRA detonated a bomb on his boat as he holidayed in Co Sligo in 1979. The former Viceroy of India, who was also the Duke's uncle, was killed on board a boat off Mullaghmore by an IRA gang using a radio controlled device. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
New fuel cell keeps on going even once the fuel's dried up
James Trew (Engadget)
out. The team who developed the cell usually work with platinumSubmitted at 7/1/2012 6:16:00 AM based SOFCs, but they can't store Vanadium oxide seems to be the a charge for much more than 15 go-to guy in power storage right seconds. By adding the VOx, this now. A new solid-oxide fuel cell - proof of concept extended that by - developed at Harvard's School 14 times, with the potential for of Engineering and Applied m o r e l i f e s p a n w i t h f u r t h e r Sciences -- that can also store development. Especially handy if energy like a battery, also uses the you're always running out of stuff. In the new cell, by adding a sugar. VOx layer it allows the SOFC to New fuel cell keeps on going both generate and store power. even once the fuel's dried up Example applications would be originally appeared on Engadget situations where a lightweight on Sun, 01 Jul 2012 06:16:00 power source is required, with the EDT. Please see our terms for use potential to provide reserve juice of feeds. Permalink PhysOrg| should the main fuel source run ACS Pubs| Email this| Comments
Politics/
53
The Danger of Using Markets Too Much Or Too Little

Conor Friedersdorf (Politics : The Atlantic)
cajoling, her young son kept refusing to practice Mandarin for the one hour per day she Submitted at 7/1/2012 6:00:00 AM proscribed. Nothing worked until Professor Michael Sandel offers she pulled out her pocketbook. compelling examples of the "For a dollar a day he takes his c o r r o s i v e e f f e c t s o f Mandarin quite happily," she said, c o m m o d i f i c a t i o n . T h e r e i s , defending such payments as an however, another side to the story. indisputably effective tool. On the In " What Money Can't Buy," other hand, she added as an aside, Professor Michael Sandel argues he now requests payment for that the United States has always everything. Say that she wants to had a market economy, but that take her son's photograph. It's an more recently it has started to indulgence he once granted her become a market society, where for free. market values seep into many new Now he requests cash.* * * areas of life, often with negative There are 90,000 Americans consequences. Discussing his waiting for a kidney transplant. thesis Saturday at the Aspen Ideas Thousands die each year due to a Festival*, he raised the example shortage of donated organs. Many of education experiments that pay of those people would live if the disadvantaged students for every sale of kidneys was permitted. But b o o k t h a t t h e y r e a d , o r it remains illegal, even though compensate them with money you can live a perfectly healthy every time they receive an A or a life with just one kidney.* * * B on their report cards. Professor Sandel's talk was filled Is this a good idea or a bad one? with fantastic examples of times He put that question to the when the use of markets seemed a u d i e n c e . O n e w o m a n w h o to backfire. His focus is a logical responded described herself as an reaction to the aforementioned alpha-mom and a WASP. She trend he perceives, wherein complained that despite her markets become increasingly
admonition; what would make it even better is if he added a warning about failing to use the market when it offers a plausible solution to an otherwise intractable problem. That isn't to say that such experiments aren't sometimes pervasive to ill effect. What his fraught. lecture lacked w a s Says John Lanchester: acknowledgement of ruinous There's one example in particular o u t c o m e s w h e n m a r k e t that comes close to summing up m e c h a n i s m s a r e u n d e r u s e d , the entire argument of What though there are plenty of them Money Can't Buy. Notes from the besides the dearth of kidneys. Aspen Ideas Festival -- See full Read up on free parking or coverage It concerns an Israeli congestion pricing, for example. It daycare centre, which responded is plausible - urban planning to a problem with parents turning experts say it is probable - that up late to collect their children by we'd save time and money and introducing fines. The result? Late live much happier lives if we pick-ups increased. Parents turned weren't irrationally attracted to up late, paid the fine, and thought no more of it; the fine had turned "free" parking and roads. Under-using markets can be as into a fee. The fear of disapproval and of imprudent as their over-use. * * * Happily, Professor Sandel's doing the wrong thing was based ultimate counsel to the audience on non-monetary values, and was was sound. Think carefully, he a stronger force than mere cash. said, before introducing markets The daycare centre went back to into new arenas of American the old system, but parents kept society and human life. There is turning up late, because the g o o d r e a s o n t o h e e d h i s introduction of market values had
killed the old ideas of collective responsibility. Once the old "norm" of turning up on time had been marketised, it was impossible to change back. But dead kidney patients are impossible to "change back" too. Let us think through the consequences of using markets more explicitly and rigorously but as we engage in the democratic debates on these matters that Sandel wisely counsels, let us carefully weigh the costs of not using markets too. This article available online at: http://www.theatlantic.com/ politics/archive/2012/07/thedanger-of-using-markets-toomuch-or-too-little/259251/ This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
54
Politics/
Poll: What was the Obamateurism of the Week?

Ed Morrissey (Hot Air Top Picks)
posted at 9:31 am on July 1, 2012 by Ed Morrissey Time once again to ask the question what was the Obamateurism of the Week? We dont hand out silver medals here, but dont boo just because your choice lost. Just remember if you cant stand the Heats, youd better outsource the kitchen. What was the Obamateurism of the Week (7/1)? Previous weekly winners in 2012: Scolds American Crossroads for lack of transparency on same day Obama asserted executive privilege in Fast & Furious probe The private sector is doing fine Declares Lech Walesa too political to accept award, gives another to Dolores Huerta, chair of Democratic Socialists of America Polish death camp [T]hose of us who have spent time in the real world. . . Adds himself into presidential histories of his predecessors,
outs before getting to the Fort Hood shooting ( 2009) Obama leaves Clinton at press conference podium on tax deal to attend Christmas party ( 2010) I would put our legislative and foreign policy accomplishments in our first two years against any president with the possible exceptions of Johnson, F.D.R., and Lincoln. ( 2011) screws up JFK quote When I think about, ah, those soldiers or airmen or Marines, sailors, who are out there fighting on my behalf Includes Nazi collaborator/ Hitler admirer in proclamation for Jewish American Heritage Month Obamas griped that the American public just did not appreciate their exceptional leader Gets annoyed when asked about number of vacations, doesnt answer question Im confident that the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress. This is my last election. After my election I have more flexibility. Blames Fox News for his unpopularity because they hear Obama is a Muslim 24/7, and it begins to seep in Attacks Limbaugh while remaining silent on Maher contribution to his super-PAC Says when the chips are down, I have Israels back, WH claims its not a military doctrine Apology to Karzai calmed things down Uses Boeing plant in SC to cheer manufacturing after his NLRB tried to shut it down Emphasizes graduation rates in SOTU, cuts DC voucher program that nearly doubled grad rates Well, it turns out our Founders designed a system that makes it more difficult to bring about change that I would like sometimes. Finds claim of unemployment interesting because he is getting the word that womans husband should have no trouble finding work Hails Roe as essential to allow our daughters to fulfill their dreams Shuts down DisneyWorld in order to promote tourism He didnt want to take pictures with any more soldiers; he was complaining about i t[.] Famous opponent of signing statements issues one covering 17 provisions of bill he signed Previous Obamateurisms of the Year: Giving 2 minutes of shoutGot an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at obamaisms@edmorrissey.com with the quote and the link to the Obamateurism. Ill post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and Ill give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office. This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Politics/
55
Open thread: Sunday morning talking heads

Allahpundit (Hot Air Top Picks)
the Court bless the biggest congressional power grab in decades is a huge win for Submitted at 7/1/2012 7:00:56 AM conservatism or something. posted at 8:00 am on July 1, 2012 The line-up via WaPo: by Allahpundit NBCs Meet the Press: One last burst of obsessive Court Democratic Leader Rep. Nancy analysis this morning before the Pelosi (D-CA); former Gov. media gets back to the campaign. Howard Dean (D-VT); Gov. Pelosi will hit Meet the Press to Bobby Jindal (R-LA); Rich expound on her compellingare Lowry, National Review; Eugene y o u s e r i o u s ? t h e o r y o f Robinson, Washington Post; c o n g r e s s i o n a l p o w e r w h i l e Chuck Todd, NBC; Savannah Boehner will turn up on Face the Guthrie, NBC Nation to discuss repeal. Your CBS Face the Nation: Speaker best bet, though, is This Week, Rep. John Boehner (R-OH); Sen. where Stephanopoulos will ask Chuck Schumer (D-NY); Sen. Ted Kennedys wife the tough Tom Coburn (R-OK); Gov. questions about whether she Martin OMalley (D-MD); Gov. thinks Teddys high-fiving with Scott Walker (R-WI); John God in heaven. Then comes the Harris, Politico; Major Garrett, roundtable featuring (a) Artur National Journal; John Dickerson, D a v i s , w h o s g o n e f r o m CBS and Slate; Jan Crawford, Democrat to independent to CBS conservative warrior in record ABCs This Week: Vicki time; (b) Keith Olbermann, whos Kennedy, widow of former Sen. earned a spot on this highly rated Ted Kennedy; White House chief national television show by, I of staff, Jack Lew; Rep. Paul guess, keeping up his Twitter Ryan, (R-WI); Keith Olbermann, feed; and (c) George Will, wholl political commentator; George explain to America why having Will, ABC News; Donna Brazile,
ABC News; Rep. Artur Davis (RAL); Terry Moran, ABC News Fox News Sunday: John Brennan, White House Counterterrorism Adviser; Joel Osteen, Lakewood Church; Victoria Osteen, Lakewood Church; Brit Hume, Fox News; Liz Marlantes, Christian Science Monitor; Kimberly Strassel, Wall Street Journal; Charles Lane, Washington Post; Dr. Suzan Murray, The National Zoo CNNs State of the Union with Candy Crowley: Jack Lew, White House chief of staff; former Governor Jennifer Granholm, (DMI); Carly Florina, California Senate Candidate; Dan Lothian, CNN; Susan Page, USA Today; Gov. John Hickenlooper (D-CO) This entry passed through the Full-Text RSS service if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/contentonly/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.
Video: Truthland is the answer to Gasland

Jazz Shaw (Hot Air Top Picks)
offer it to you on YouTube. (Though it would be nice if you paid a visit to their website.) Submitted at 7/1/2012 10:01:57 AM I wont spoil the whole thing for posted at 11:01 am on July 1, you, but there are two takeaways I 2012 by Jazz Shaw would like to share. First, the If youve read Hot Air even money shot in Gasland comes infrequently over the last few when a guy in Pennsylvania turns years, youve seen my rather on the water in his kitchen sink disgusted comments over the and is able to light it because of filmmaker / fabulist Josh Fox and all the flammable gasses in the h i s p s e u d o - d o c u m e n t a r y area. (Presumably because of all Gasland. (No link provided. the fracking in the area.) In You can go Google it if you like.) Truthland, a homeowner in New It was one of the most baldly York where fracking has always outrageous pack of distortions been and remains illegal todayever packaged and sold to the does the same thing. He lives atop country as a documentary about a gas field, as do so many citizens hydrofracking and the natural gas of Pennsylvania, and he drilled a industry. This year somebody well for water. finally came up with a response to The second gem comes from t h i s f r o m a b a s i c , h u m a n none other than EPA chief Lisa perspective. Its a somewhat J a c k s o n . I l l l e t O b a m a s shorter film called Truthland. regulatory chief speak for herself: In it, one woman from a farm in In no case have we made a Pennsylvania who was looking at definitive determination that leasing her land for natural gas fracking has affected ground extraction goes on a journey to water. speak with experts from both Please visit their excellent site, sides of the aisle and see what all but in the meantime, heres the the fuss was about and explores film. Its roughly one half hour, the alarming claims made in but I assure you that its well Gasland. worth your time to watch. While Josh Fox made a ton of This entry passed through the cash off of his hysterical, alarmist VIDEO: page 56 piece, the makers of Truthland
56
Technology/
VIDEO:
OWC Mercury Aura Bundles let you replace your MacBook Air's SSD, use it as external storage
Joe Pollicino (Engadget)
Mercury Aura Envoy is available as a stand-alone enclosure, and Submitted at 7/1/2012 10:59:00 AM it'll cost you just under $50 bucks. Got a Macbook Air from 2010 or Hit up the press release after the 2011 and want to upgrade the break for the full details if this storage without dropping its predual-drive setup piques your existing SSD module all together? interest Well, you're in luck, thanks to Continue reading OWC Mercury OWC's new Mecury Aura Aura Bundles let you replace your Bundles. After upgrading your MacBook Air's SSD, use it as Air with one of the company's external storage Mercury Aura Pro Express SSDs, OWC Mercury Aura Bundles let the included Mercury Aura Envoy you replace your MacBook Air's lets you re-purpose the factory ounces. Owners of the 2010 Air Pricing for the bundle starts at SSD, use it as external storage SSD as a bus-powered, USB 3.0- can opt for a 180, 240 or 480GB $200 for the 120GB variant, originally appeared on Engadget compatible external drive. Better 3Gb/s drive, while those with the maxing out at a hefty $780 and on Sun, 01 Jul 2012 10:59:00 yet, the Envoy is made of 2011 model can bump up to 6Gb/s $800 if you want to move up to EDT. Please see our terms for use aluminum, matches the Air's bus speeds with the same storage the spacious 480GB offerings. of feeds. Permalink Electronista| tapered design and weighs just 1.5 allotments and a 120GB option. Thankfully, like the SSDs, the | Email this| Comments
Technology/
57
Nike+ Basketball and Training stat tracking shoes launch, kick off 'Game On, World' challenge (video)
Richard Lawler (Engadget)
lightweight Flywire construction and Lunarlon cushioning. Both Submitted at 7/1/2012 8:20:00 AM can wirelessly transfer their data While the Nike+ fitness tracking t o a p p s o n u s e r ' s p h o n e s platform has been around for (currently iOS only, pre-iPhone years, the footwear giant has only 4S hardware will also need the just unleashed shoes with the $20 Nike+ Sport adapter) tracking technology built right in. The activity during games, height on a Nike Hyperdunk+ (last seen dunk or movement as part of a skying through the FCC) is its training workout or drill. first basketball shoe in the line, So what is Nike going to do with while the first training shoes are all that data? Its first plan for the the Lunar Hyper workout+ for summer is "Game On, World", women and Lunar TR 1+ for men. which is a series of challenges All feature not only the new i n s p i r e d b y p r o a t h l e t e s Nike+ Pressure Sensor that tracks encouraging all Nike+ users to set its wearer's movement, but also their personal bests in various
categories. If you're still not sure how all this comes together, there are several demo videos embedded after the break. Now all we need to do is find someone
(else) to get all sweaty, let us know if it works and keep us on top of the leaderboard -- has anyone seen Dan Cooper lately? Gallery: Nike+ Basketball and
Training Continue reading Nike+ Basketball and Training stat tracking shoes launch, kick off 'Game On, World' challenge (video) Nike+ Basketball and Training stat tracking shoes launch, kick off 'Game On, World' challenge (video) originally appeared on Engadget on Sun, 01 Jul 2012 08:20:00 EDT. Please see our terms for use of feeds. Permalink| Game On World| Email this| Comments

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Curated News Edition

China June official PMI hits 7-month low

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Analysis: Stockton, California new paradigm for struggling cities

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Next Battleground of Health Care Debate New York Times

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Aussie toxic tax: Cutting pollution and jobs?

China opposes unilateral sanctions against Iran - China Daily

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Submitted at 7/1/2012 10:49:12 AM