Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/167257773?client_source=feed&format=rss
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Monday 28 November 2011
Akamai Reportedly Buying Rival Cotendo For Up To $350 Million
Classify this as a rumor for now, but Israeli business press is reporting that Akamai is poised to take over one of its competitors, website and mobile acceleration technology vendor Cotendo, for $300 million to $350 million. Founded in 2008, Cotendo has raised over $36 million in funding from investors like Sequoia Capital, Benchmark Capital and Tenaya Capital. A few months ago, Cotendo raised $17 million in new funding from its previous backers, with Citrix Systems and Juniper Networks stepping in as strategic investors as well.Source: http://feedproxy.google.com/~r/Techcrunch/~3/RzneMXv8wec/
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Sunday 27 November 2011
November 2011 Celebrity Quotes: Justin Bieber, Kim Kardashian, Katy Perry & More!
November 2011 celebrity quotes included their fair share of “Say, what?” From Dr. Conrad Murray claiming he did nothing wrong to Justin Bieber’s denial that he’s Mariah Yeater’s baby daddy, we’ve got some highlights below. And really, I can’t believe that we’re just days away from December. Where has this year gone? “I’d just like to say basically that none of those allegations are true. I know I’m going to be a target, but I’m never going to be a victim.” – Justin Bieber 17-year-old Justin Bieber was the center of some baby drama earlier this month. Mariah Yeater claimed that the pop star fathered her baby after an alleged tryst backstage at one of his concerts. Bieber vehemently denied the accusations. He reportedly has submitted a DNA test to refute Yeater’s claims and the lawsuit against the Biebs has been dropped. “First and foremost, I married for love. I can’t believe I even have to defend this. I would not have spent so much time on something just for a TV show!” – Kim Kardashian The reality star on the demise of her marriage after claims that their wedding was all just a ‘hoax and publicity stunt’ plus a [...]
Source: http://feedproxy.google.com/~r/RightCelebrity/~3/Ve2Mm0lJklU/
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That was fast: Apple pulls first subscription-based iPad game (Digital Trends)
Seattle?s Big Fish Games scored a bit of a coup this week by being the first app developer to get a subscription-based game app into the iTunes App Store. But, the bubble has burst, at least for now: Apple has removed Play Instantly from the iTunes App Store.
Play Instantly was the first iPad app to offer subscription access to games: for $4.99 a month, subscribers could play any available titlle as much as they liked, without having to purchase a separate copy of the game app. Play Instantly?s operation is similar to the OnLive PC gaming service: instead of downloading versions of the app, users connect to gamed via the cloud (which means Play Instantly only worked via a solid Wi-Fi connection: 3G doesn?t cut it).
Big Fish has expressed surprise over the removal, telling Bloomberg the company was trying to contact Apple to find out why the app had been pulled. Big Fish Games was very public about the release of the Play Instantly app and its revenue model: the $4.99/month subscription price included access to ?dozens? of Big Fish premium casual games, and the company anticipated that Play Instantly would expand to ?several hundred? titles for iOS, Android, and PCs in 2012?that would also come with a higher subscription price of $6.99/month.
Play Instantly may be the first game service to use Apple?s subscription model, but numerous publishers have been using it since the launch of the original iPad. Like app sales and in-app purchasing, Apple takes a 30 percent cut of subscription fees, leaving 70 percent for developers. Apple?s high share of subscription fees has led some publishers (like the Financial Times) to eschew Apple?s subscription technology in favor of iPad/iOS-optimized Web services.
This article was originally posted on Digital Trends
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Saturday 26 November 2011
A rogue convention? (Politico)
The rules of a game often determine its winner. With the approach of the Republican Party?s first presidential nomination caucuses and primaries, party rules are already playing a key role ? and just may lead Republicans on a wild nomination ride that won?t end until the last day of its convention in Tampa.
The Republican Party is an association rather than a government entity, making its national rules the equivalent of a constitution when it comes to its nomination process. To be sure, states may want to change the dates of a primary, state parties may change the manner of their nomination contests and members of Congress may pontificate about the process. But for the final word, it?s the Rules of the Republican Party.
Continue ReadingHere?s the party?s problem: Those party rules directly conflict with the conventional interpretation of the meaning of upcoming primaries and caucuses, and next summer may well lead to challenges to seating delegates. According to explicit language in their rules, Republicans can?t bind delegates from a state to vote only for one candidate by a winner-take-all rule, for example, nor are they supposed to allow non-Republicans to vote in their contests.
Given the rebellious spirit within the Republican Party embodied by a tea party movement that demands respect for the Constitution, party leaders can?t just wish away departures from the rules. Indeed, the national convention in Tampa just might take us back to a different political era: one in which delegates act on their power to choose the nominee that they think best represents the Republican Party ? even if that is someone other than the apparent winner through state primaries and caucuses.
Breaking the Rules
At the 2008 convention, delegates gave the Republican National Committee limited power to change aspects of the nomination rules between conventions. To much fanfare, the RNC last year voted to move the first contests later in the year, with only Iowa, New Hampshire, South Carolina and Nevada allowed to have caucuses and primaries in February. All states scheduling contests before April 1 were required to allocate convention delegates by proportional representation instead of the winner-take-all rule.
These rules were designed to avoid an early victory for a candidate who might secure the nomination by stringing together a series of low-plurality wins. That?s what happened in 2008, when John McCain in early February became the de facto nominee despite failing to win a majority of the vote in nearly any of the party?s contests at the time. His early knockout victory contributed directly to reduced participation and media attention in remaining Republican primaries, in sharp contrast to the spirited Democratic contest that continued into June.
But the new rules apparently were made to be broken. Last month, Florida Republicans scheduled their primary for Jan. 31, before party rules allowed. Arizona, Michigan, New Hampshire and South Carolina then advanced the date of their contests, and Iowa moved its nonbinding caucuses to Jan. 3. One potential casualty of that rule-breaking was the potential candidacy of New Jersey Gov. Chris Christie, as the newly compressed schedule left him little time to build the kind of field operations necessary to compete in states holding early contests.
While states breaking party rules are sure to monopolize presidential candidate time and attention, their party leaders may come to regret their decision. If the convention has real power in choosing presidential and vice-presidential nominees, five states ? Arizona, Florida, Michigan, New Hampshire and South Carolina ? will have only half their allotted delegates because the RNC already has acted on Rule 16, allowing such a penalty. RNC chairman Reince Priebus told ABC News: ?The penalty is there, the penalty is going to stick, and that?s all there is to it.?
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Friday 25 November 2011
Researchers surprised to find fatty liver disease poses no excess risk for death
Thursday, November 24, 2011
Non-alcoholic fatty liver disease (NAFLD) is a common condition associated with obesity and heart disease long thought to undermine health and longevity. But a new study by Johns Hopkins researchers suggests the condition does not affect survival.
A report on the study was published online last week in BMJ, the British medical journal.
"Physicians have considered fatty liver disease a really worrisome risk factor for cardiovascular disease," says study leader Mariana Lazo, M.D., Ph.D., a postdoctoral fellow at the Johns Hopkins University School of Medicine's Welch Center for Prevention, Epidemiology, and Clinical Research. "Our data analysis shows this doesn't appear to be the case. We were surprised to say the least because we expected to learn by how much non-alcoholic fatty liver disease increased the risk of death and instead found the answer was not at all."
Using health information collected from 11,371 Americans between 1994 and 1998 and followed for up to 18 years as part of the Third National Health and Nutrition Examination Survey (NHANES III), the researchers checked liver enzyme levels and ultrasound tests for evidence of NAFLD, and ultimately looked at death rates associated with NAFLD. The participants ranged in age from 20 to 74 during the data collection years. Because the ultrasounds were originally taken to assess gallbladder health, Lazo and colleagues from Johns Hopkins looked at each recording to determine the presence of fat in each person's liver. People whose livers are 5 percent fat or more are considered to have NAFLD.
The Johns Hopkins team found no increase in mortality among those with NAFLD, which was identified in approximately 20 percent of the NHANES participants. At the end of the follow-up period, mortality from all causes was 22 percent, or 1,836 individuals. Cardiovascular disease was the cause of death for 716 participants, cancer for 480 and liver disease for 44.
Although the researchers found no increase in deaths, Lazo says further study is needed to determine whether more advanced NAFLD has serious long-term consequences for the liver, a vital organ that turns what we eat and drink into nutrients and filters harmful substances from the blood.
NAFLD, which some researchers have called the nation's next epidemic, is characterized by the liver's inability to break down fats and fatty build up in the organ. Found in roughly one in three Americans, it is most prevalent in those who are obese, and those with diabetes and cardiovascular disease. The spectrum of disease ranges from simple fat build-up to inflammation to the scarring and poor liver function that characterize cirrhosis. Chronic liver disease has long been associated with long-term alcohol consumption, but as the name suggests, NAFLD is found in those who are not heavy drinkers.
"We don't yet know why mortality is not affected or whether there might be some actual protective effect of non-alcoholic fatty liver disease," she says, "but it looks like the liver's ability to accumulate fat may somehow shield the body from the detrimental effects of other health problems such as obesity and diabetes," she says.
There is no treatment for NAFLD, other than lifestyle changes, including weight loss, and only a liver biopsy can determine how serious NAFLD is. Lazo says she hopes new methods are developed that more easily identify more advanced stages of NAFLD, which may not be harmless.
Still, she says, her research suggests that with respect to long-term survival of people with non-alcoholic fatty liver disease, "it may not matter if you have the disease or not."
###
Johns Hopkins Medical Institutions: http://www.hopkinsmedicine.org
Thanks to Johns Hopkins Medical Institutions for this article.
This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.
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Diabetes drug shows promise in reducing risk of cancer
Thursday, November 24, 2011
An inexpensive drug that treats Type-2 diabetes has been shown to prevent a number of natural and man-made chemicals from stimulating the growth of breast cancer cells, according to a newly published study by a Michigan State University researcher.
The research, led by pediatrics professor James Trosko and colleagues from South Korea's Seoul National University, provides biological evidence for previously reported epidemiological surveys that long-term use of the drug metformin for Type-2 diabetes reduces the risk of diabetes-associated cancers, such as breast cancers.
The research appears in the current edition of PLoS One.
"People with Type-2 diabetes are known to be at high risk for several diabetes-associated cancers, such as breast, liver and pancreatic cancers," said Trosko, a professor in the College of Human Medicine's Department of Pediatrics and Human Development. "While metformin has been shown in population studies to reduce the risk of these cancers, there was no evidence of how it worked."
For the study, Trosko and colleagues focused on the concept that cancers originate from adult human stem cells and that there are many natural and man-made chemicals that enhance the growth of breast cancer cells.
Using culture dishes, they grew miniature human breast tumors, or mammospheres, that activated a certain stem cell gene (Oct4A). Then the mammospheres were exposed to natural estrogen ? a known growth factor and potential breast tumor promoter ? and man-made chemicals that are known to promote tumors or disrupt the endocrine system.
The team found that estrogen and the chemicals caused the mammospheres to increase in numbers and size. However, with metformin added, the numbers and size of the mammospheres were dramatically reduced. While each of the chemicals enhanced growth by different means, metformin seemed to be able to inhibit their stimulated growth in all cases.
"While future studies are needed to understand the exact mechanism by which metformin works to reduce the growth of breast cancers, this study reveals the need to determine if the drug might be used as a preventive drug and for individuals who have no indication of any existing cancers," he said.
"Though we still do not know the exact molecular mechanism by which it works, metformin seems to dramatically affect how estrogen and endocrine-disrupting chemicals cause the pre-existing breast cancers to grow."
In addition, further research needs to be done with human cultures to see if metformin can reduce the risk of pancreatic and liver cancers in Type-2 diabetics as well, he said.
###
Michigan State University: http://www.newsroom.msu.edu
Thanks to Michigan State University for this article.
This press release was posted to serve as a topic for discussion. Please comment below. We try our best to only post press releases that are associated with peer reviewed scientific literature. Critical discussions of the research are appreciated. If you need help finding a link to the original article, please contact us on twitter or via e-mail.
This press release has been viewed 50 time(s).
Source: http://www.labspaces.net/115463/Diabetes_drug_shows_promise_in_reducing_risk_of_cancer
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Thursday 24 November 2011
50% Of Ecommerce Site Visitors Are Logged In To Facebook
Ecommerce sites should consider how they can personalize their sites using Facebook data, as a new study shows 50% of visitors to ecommerce sites are currently logged in to Facebook. Using Facebook social plugins and Connect integrations, sites can leverage Facebook data to show visitors what friends bought or shared, what products relate to their Likes, and which friends they might want to invite. The study was conducted by Sociable Labs, which helps websites implement social functionality, and looked at 456 million visits to over a dozen ecommerce sites catering to different demographicSource: http://feedproxy.google.com/~r/Techcrunch/~3/JRCsEgNfk-g/
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Wednesday 23 November 2011
Dancing With the Stars Season Finale Results: Who Won the Mirror Ball?
It all came down to one last Dancing With the Stars results show.
After 10 weeks of competiton, Ricki Lake, J.R. Martinez and Rob Kardashian headed into the DWTS season finale Tuesday with one last chance to win it all.
Rob took a slight lead Monday night, with Ricki and J.R. steady but not perfect and in a tie for second. Clearly, all three deserved their spots in the finals.
Who hoisted the Mirror Ball, Rob, Ricki or J.R.?
While J.R. and Ricki traded the top spot much of the season, Rob came on strong late.
A dark horse underdog for weeks, he rose to the occasion and proved he belonged with some outstanding performances this week. But would they be enough?
Follow the jump to see who prevailed on the Dancing With the Stars season finale ...
J.R. Martinez, a fan favorite from the start, is your Season 13 champion!!
"First and foremost, I want to thank everybody who voted for us, for 10 weeks," the soap opera actor, motivational speaker and Iraq war veteran said.
And to Karina Smirnoff, who won for the first time in 10 tries, "You are amazing, and I'm so grateful I could be a part of your first mirror-ball trophy."
Rob came in second, and after both he and J.R. scored perfect instant samba 30s, we ended up with a two-night total of 112 for J.R. and 113 for Rob.
J.R.'s support from America was enough to overcome that slender margin.
Not that he's griping in the last. Despite the last-second loss, the Kardashian son made the best of his experience and says he isn't upset about it.
"I'm definitely not sad," Rob said. "I won in my book."
As for Ricki? "I've loved basically every minute of this," she said afterward. "I had the best partner, the best teacher, the best motivator there is."
"I've done something I really didn't think I could do."
Congratulations to all three finalists on a great run.
Did J.R. deserve to win Dancing With the Stars?
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Tuesday 22 November 2011
Where's the salt? Hidden in your Thanksgiving menu
FILE- This Oct. 13, 2011 file photo shows a citrus turkey surrounded by side dishes in Concord. N.H. No need for a salt shaker on the Thanksgiving table: Unless you really cooked from scratch, there's lots of sodium already hidden in all the turkey and trimmings. (AP Photo/Matthew Mead, FIle)
FILE- This Oct. 13, 2011 file photo shows a citrus turkey surrounded by side dishes in Concord. N.H. No need for a salt shaker on the Thanksgiving table: Unless you really cooked from scratch, there's lots of sodium already hidden in all the turkey and trimmings. (AP Photo/Matthew Mead, FIle)
Chart salt content of four major brands
WASHINGTON (AP) ? No need for a salt shaker on the Thanksgiving table: Unless you really cooked from scratch, there's lots of sodium already hidden in the menu.
Stealth sodium can do a number on your blood pressure. Americans eat way too much salt, and most of it comes inside common processed foods and restaurant meals.
The traditional Thanksgiving fixings show how easy sodium can sneak into the foods you'd least expect. Yes, raw turkey is naturally low in sodium. But sometimes a turkey or turkey breast is injected with salt water to plump it, adding a hefty dose of sodium before it even reaches the store ? something you'd have to read the fine print to discover.
From the stuffing mix to the green bean casserole to even pumpkin pie, a lot of people can reach their daily sodium allotment or more in that one big meal unless the cook employs some tricks.
"For Thanksgiving or any meal, the more you can cook from scratch and have some control over the sodium that's going in, the better," says the American Dietetic Association's Bethany Thayer, a registered dietitian at the Henry Ford Health Health System in Detroit.
The Food and Drug Administration this month opened deliberations on how to cut enough salt in processed foods for average shoppers to have a good shot at meeting new dietary guidelines. The idea: If sodium levels gradually drop in the overall food supply, it will ease the nation's epidemic of high blood pressure ? and our salt-riddled taste buds will have time to adjust to the new flavor.
"Reducing sodium is important for nearly everyone," Dr. Robin Ikeda of the Centers for Disease Control and Prevention told the FDA hearing.
The question is how to make that happen. The prestigious Institute of Medicine and several public health advocates are urging the FDA to order gradual rollbacks, setting different sodium levels for different kinds of foods, a step the government has been reluctant to take.
Food makers want a voluntary approach and say they're reworking their recipes, some as part of a campaign launched by New York City to cut salt consumption by at least 20 percent over five years.
It will take different strategies to remove salt from different foods ? and some may need to be a sneak operation, Kraft Foods Vice President Richard Black told the FDA meeting. Ritz crackers labeled low-sodium were a bust until the box was changed to say "Hint of Salt" and those exact same crackers started selling, he said.
In other foods, salt acts as a preservative with a variety of functions. Kraft sells cheese with somewhat less sodium in Britain than in the U.S. Americans melt a lot of cheese and lower-sodium cheese doesn't melt as well, Black said.
In the U.S., the average person consumes about 3,400 milligrams of sodium a day. The nation's new dietary guidelines say no one should eat more than 2,300 milligrams of sodium ? about what's in a teaspoon of salt ? and half the population should eat even less, just 1,500 milligrams. The smaller limit is for anyone who's in their 50s or older, African-Americans of any age, and anyone suffering from high blood pressure, diabetes or chronic kidney disease.
Why? One in three U.S. adults has high blood pressure, a leading cause of heart attacks, strokes and kidney failure. Being overweight and inactive raises blood pressure, too, but the weight of scientific evidence shows sodium is a big culprit.
People want to eat heart-healthy, but Wal-mart shoppers spend about 19 minutes buying groceries, added Tres Bailey of Wal-mart Stores Inc., which told its vendors to start cutting sodium.
That's not a lot of time for label-reading to find hidden sodium, especially in foods where it's unexpected ? like salad dressings that can harbor more than 130 milligrams per tablespoon.
Depending on your choices, Thanksgiving dinner alone can pass 2,000 milligrams: About 600 per serving from stuffing mix, another 270 from gravy. The salt water-added turkey can bring another 320, double that if you saved time and bought it fully-cooked. Use canned beans in the green bean casserole and add another 350. A small dinner roll adds 130. A piece of pumpkin pie could bring as much as 350.
How to cut back? Thayer, the dietitian, has some tips for Thanksgiving and beyond:
?All bread contains sodium, but starting with a homemade cornbread for stuffing could help cut a few hundred milligrams.
?Use low-sodium broth for the gravy, and choose low-sodium soups whenever possible.
?Try onion, garlic and a variety of other herbs in place of salt. Lemon and other citrus also can stand in for salt in some foods.
?Check your spice bottles. Combination products, such as those labeled poultry seasoning, can contain salt.
?Fresh or frozen vegetables have little if any sodium, unless you choose the frozen kind with an added sauce.
?People tend to heavily salt mashed potatoes while sweet potatoes, even dressed up as a souffle, contain very little sodium.
Going suddenly low-salt can startle your palate, "but it adjusts much quicker than I think most people realize," Thayer says.
___
EDITOR'S NOTE ? Lauran Neergaard covers health and medical issues for The Associated Press in Washington.
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Stacy Keibler: "It's Love" with George Clooney!
Ladies, add this to the list of reasons you love George Clooney: He's a chivalrous boyfriend. So chivalrous, in fact, that his new girlfriend Stacy Keibler is already using the L word!
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Monday 21 November 2011
Gates to testify in $1B lawsuit against Microsoft
SALT LAKE CITY (AP) ? Microsoft's Bill Gates is set to testify in a billion-dollar antitrust lawsuit accusing the software maker of duping a competitor in violation of federal law.
The case against Microsoft has been ongoing in federal court in Salt Lake City for about a month.
Utah-based Novell Inc. claims Microsoft duped the company into thinking its WordPerfect writing application would be included in the Windows '95 rollout.
Novell says it was later forced to sell WordPerfect for a $1.2 billion loss.
Microsoft lawyers will open their case Monday with testimony from Gates.
They say he will testify he dumped WordPerfect because it threatened to crash Windows '95 and wouldn't be compatible with future versions.
Novell claims it was tricked, but Microsoft lawyers say the claims are groundless. They have sought a dismissal.
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Sunday 6 November 2011
G-20 rejects extra help for debt-strapped Europe
U.S President Barack Obama arrives for Friday's first working session at the G20 summit in Cannes, Friday, Nov. 4, 2011. European leaders had meant to use the summit of the Group of 20 leading economies in Cannes, France to get foreign powers like China to help with the debt crisis that has rocked the eurozone for the past two years and threatens to push the world economy into a second recession. (AP Photo/Remy de la Mauviniere)
U.S President Barack Obama arrives for Friday's first working session at the G20 summit in Cannes, Friday, Nov. 4, 2011. European leaders had meant to use the summit of the Group of 20 leading economies in Cannes, France to get foreign powers like China to help with the debt crisis that has rocked the eurozone for the past two years and threatens to push the world economy into a second recession. (AP Photo/Remy de la Mauviniere)
French President Nicolas Sarkozy, left, with Foreign Minister Alain Juppe arrives for Friday's first working session at the G20 summit in Cannes, Friday, Nov. 4, 2011. European leaders had meant to use the summit of the Group of 20 leading economies in Cannes, France to get foreign powers like China to help with the debt crisis that has rocked the eurozone for the past two years and threatens to push the world economy into a second recession. (AP Photo/Remy de la Mauviniere)
Delegates arrive for Friday's first working session at the G20 summit in Cannes, Friday, Nov. 4, 2011. European leaders had meant to use the summit of the Group of 20 leading economies in Cannes, France to get foreign powers like China to help with the debt crisis that has rocked the eurozone for the past two years and threatens to push the world economy into a second recession. (AP Photo/Remy de la Mauviniere)
U.S. President Barack Obama talks with German Chancellor Angela Merkel during a working session at the G20 Summit in Cannes, France Friday, Nov. 4, 2011. _Leaders from within troubled Europe and far beyond are working Friday on ways the International Monetary Fund could do more to calm Europe's debt crisis. Political chaos in Greece has hamstrung the leaders of the Group of 20 leading rich and developing economies, meeting on the French Riviera for their last day of a summit Friday. Italy's dance with financial disaster and doubts about its commitment to reforms only exacerbated the concern. (AP Photo/Charles Dharapak)
U.S. President Barack Obama, 2nd right, talks with, from left to right: Britain's Chancellor of the Exchequer George Osborne; British Prime Minister David Cameron; and Canada Prime Minister Stephen Harper, during a working session at the G20 Summit in Cannes, France, Friday, Nov. 4, 2011. Leaders from within the troubled Europe other nations are working Friday in Cannes, on ways the International Monetary Fund could do more to calm Europe's debt crisis. (AP Photo/Charles Dharapak)
CANNES, France (AP) ? The G-20 summit ended in disarray Friday without additional outside money to ease Europe's debt crisis and new jitters about Italy clouding a plan to prevent Greece from defaulting.
In Athens, meanwhile, Greece's prime minister survived a confidence vote in parliament, calming a revolt in his Socialist party with a pledge to seek an interim government that would secure a vital new European debt deal.
In the end, only vague offers to increase the firepower of the International Monetary Fund ? at some later date ? were all the eurozone leaders were able to take home after two days of tumultuous talks.
With their own finances already stretched from bailing out Greece, Ireland and Portugal ? and the United States and other allies wrestling with their own problems ? eurozone countries had been looking to the IMF to help line up more financing to prevent the debt crisis from spreading to larger economies like Italy and Spain.
Italy's fate in particular is crucial to the eurozone, because its economy ? the third-largest in the currency union ? would be too expensive to bail out. The implications for the world economy are stark: The debt crisis that has rocked the 17-nation eurozone threatens to push the world economy into a second recession.
European leaders could point to one potential catastrophe averted: They stared down Greece's prime minister and berated him into scrapping a referendum that threatened their European bailout plan. Greece's politics are in upheaval as a result, but the shaky bailout plan appears back on track ? for now.
"We want Europe to work," French President Nicolas Sarkozy said on French TV when the summit was over. "I think today we can have confidence ... but that's not to say our troubles are behind us."
In the end, the Greek question completely derailed Sarkozy's aim of using the summit to show that Europe had sorted out its debt problem once and for all ? and possibly convince some of them to pitch in to the rescue effort.
In the space of days, the already shrunken list of goals set out by France to close out its year as head of the G-20 was scrapped, replaced by a nearly constant stream of shocking new developments and reversals in Europe's long-running attempt to get control of Greece's debt crisis.
That reality was perhaps best illustrated at the height of the summit Thursday evening, when hundreds of journalists dropped what they were doing in the basement of Cannes' Palais des Festivals and gathered around television screens to watch a live transmission from the Greek parliament in Athens, where Prime Minister George Papandreou was speaking.
The week of unending drama in Athens horrified its European partners, spooked global markets and overshadowed the summit in Cannes. The threat of a Greek default or exit from the common euro currency has worsened the continent's debt crisis.
When the week started, Europe had finally reached an intricate, ambitious and fragile deal to try to rescue Greece and stop the crisis from spreading any further. The G-20 summit was supposed to solidify and clarify the deal and get the world economy back on the right track.
Then Monday night, Papandreou shocked his European partners and domestic allies by announcing he would put the plan to a referendum. Markets panicked, as did many of the leaders coming to Cannes.
Sarkozy and German Chancellor Angela Merkel held a series of frenzied meetings, then summoned Papandreou on Wednesday. If you lose this referendum, you could lose the euro, they told him. And they froze a new euro8 billion loan that Greece will soon need to pay government salaries.
On Thursday, Papandreou backed down and abandoned the referendum. The U-turn left his 2-year-old government teetering.
Now Europe's leaders may find it is impossible to take back the shocking admission by Sarkozy and Merkel that an exit by Greece from the eurozone was no longer unthinkable.
And even as U.S. President Barack Obama, Chinese President Hu Jintao and other leaders struggled to make sense of the Greek drama's fast-shifting plot, another flashpoint emerged in Italy.
Market confidence in Italy's ability to reduce its public debt and spur growth in its anemic economy has withered over recent weeks as the government weakened. Lawmakers have defected to the opposition and some of Prime Minister Silvio Berlusconi's ministers have openly suggested the government's days may be numbered.
Market fears mounted on Friday in the wake of the confusion about Greece. Italy's benchmark 10-year bond yield jumped 0.32 of a percentage point to 6.43 percent, indicating a surge in investor worries about the country's ability to repay its debts.
The need to reassure bond markets led Italy to agree to submit to IMF scrutiny.
The IMF said it will monitor Italy's financial reform efforts, a humbling step for one of the world's biggest ? but also most indebted ? economies.
To solve the political deadlock that threatens to bring down his government and slow down implementation of reforms, Berlusconi said he had asked the IMF to check up on the country's progress in implementing the measures with periodic, public reports.
The most likely way the eurozone could still get additional financing is through a special account under the auspices of the IMF, into which individual countries could make payments.
Those investments in turn could then be used to boost the eurozone's own bailout fund, the euro440 billion ($606 billion) European Financial Stability Facility. That way, countries such as the United States, which think Europe should pay for its own financial problems, wouldn't have to put any money in. And countries like Russia and Brazil, which have expressed interest in investing in the eurozone, could.
But Merkel and IMF chief Christine Lagarde both said not a single country at the two-day meeting made a firm commitment to participate.
___
Gabriele Steinhauser, Jamey Keaten, Joe McDonald and Angela Charlton in Cannes contributed to this report.
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Saturday 5 November 2011
HOLY CRAP - Business Insider
This screenshot comes from Groupon's amendment to its S-1, and it shows the enormous fees Groupon had to pay to go public.
The final tab was $5.7 million to the SEC, FINRA, NASDAQ, lawyers, accountants, and others.
That's a lot of money, but it doesn't even factor in the investment banking fee. The investment bankers take 7% of the IPO, or because its raising $700 million, in this case, $49 million.
Investment bankers get more than that, though. They get a secret money maker called the "green shoe," which means they can buy an additional 15% of the 35 million shares (5.25 million) at $20, then sell into the market at wherever it trades.?
If the stock trades at, say, $30, and the banks dump the whole over-allotment option at the level, they will make an additional $50 million.
That's more money out of Groupon's pocket and into the investment banks'. It's just awesome to be a banker!
Source: http://www.businessinsider.com/holy-crap-look-at-how-much-groupon-had-to-pay-to-go-public-2011-11
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Thursday 3 November 2011
Turkey to host meeting on Afghan security, economy (AP)
ISTANBUL ? Turkey is hosting a conference this week on creating a regional strategy for improving security and economic development in Afghanistan ahead of the withdrawal of international combat forces by the end of 2014.
Afghan President Hamid Karzai and President Asif Ali Zardari of Pakistan were in Istanbul for a meeting Tuesday. Afghanistan and the United States are demanding that Pakistan do more to curb militant activity and sanctuaries on its territory.
Pakistan denies that it shelters or supports the Haqqani network, a wing of the Taliban that has been blamed for high-profile attacks in Kabul.
U.S. Secretary of State Hillary Rodham Clinton had planned to attend Wednesday's conference, but canceled her trip because her mother is ill.
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Wednesday 2 November 2011
Ex-'X Factor' singer says deal cut for his exit
LOS ANGELES?? Former "The X Factor" contestant Dexter Haygood said he wasn't pushed off Fox's new singing contest. He jumped.
Haygood was among five contestants eliminated from the show last week. But the rock singer with the James Brown rasp said that what viewers saw didn't reflect the whole story, including a behind-the-scenes agreement to ensure the swift exit he wanted.
According to Haygood, 49, who was part of mentor-judge Nicole Scherzinger's group of age 30-plus contestants, he told Scherzinger two days before last Wednesday's live performance show that he was dissatisfied with "X Factor."
"I wanted to leave the show because I was unhappy that I was unable to be a rock artist. I grew up on rock," said Haygood, of Memphis, Tenn., who enjoyed the spotlight in the 1980s as frontman for the rock group Xavion, which toured at one point with Hall & Oates.
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Being called on to do pop songs such as Beyonce's "Crazy in Love" and Katy Perry's "I Kissed a Girl" was aggravating, Haygood said: "Can you imagine Steven Tyler, Mick Jagger, James Brown, doing (the 'Crazy in Love' chorus) 'uh oh uh oh uh'?"
'Idol' vs. 'X Factor': Who has the better host?Producers "seemed to have their way of doing things. I'm not sure why they wouldn't let me be me," he said Tuesday.
Scherzinger, former member of the Pussycat Dolls, took his complaint to the show's producers and came back the same day with an offer, according to Haygood: He would be bounced on Thursday's results show if he agreed to return for the season finale.
Neither Scherzinger nor Fox immediately responded to requests for comment.
Haygood said he was contractually bound to remain on the show and wouldn't have quit, but he appreciated the out he was given ? despite the $5 million record contract that goes to the winner.
"They (producers) took the opportunity to cut me, to let me just fly and do things the way I want to do them," said Haygood, who said he communicated only with Scherzinger and didn't talk directly to the producers, including series creator Simon Cowell.
Cowell left Fox's "American Idol" so he could launch the U.S. version of "The X Factor," his hit British singing contest. Fox gave "X Factor" a lavish promotional launch but the show hasn't lived up to the 20 million weekly viewers predicted by Cowell, with 12.1 million watching last Tuesday's show.
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Although Haygood said he was willing to play along before he was cut, he decided he owed it to himself and fans he made through "X Factor" to tell his side of events.
He also expressed frustration with how much the show highlighted his difficult circumstances, including "living couch to couch" in Memphis since he lost his home to foreclosure in 2007.
"I was treated more like a character than an artist. This is TV, they want a good story, you know? But they took that and I didn't get a chance to be an artist. I was doing things I would never do," he said.
For the approximately two weeks he was in Los Angeles, he was paid $250 for expenses, another $500 for the live show and cab fare for his ride to the airport after he was cut, Haygood said.
He voiced appreciation for the exposure "X Factor" gave him, which put him back in touch with members of his old band. They are in talks for a comeback tour and may appear on the season-ender of "X Factor," he said.
"The judges are great," he said, including Cowell, whom he called "a very nice guy."
"They understood me even though they couldn't give me what I wanted," Haygood said.
Do you agree with Dexter's move? Share your thoughts on the Facebook page for our TV blog, The Clicker.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://today.msnbc.msn.com/id/45128205/ns/today-entertainment/
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[OOC] River of Tears
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Tuesday 1 November 2011
The Herman Cain sexual harassment allegations: 'Devastating'? (The Week)
New York ? A bombshell Politico story alleging past bad behavior by Cain threatens to derail the GOP presidential hopeful's thriving campaign
Surprise GOP presidential frontrunner Herman Cain was accused of inappropriate, "sexually suggestive behavior" by two female employees who worked for him during his tenure as head of the National Restaurant Association in the 1990s,?according to a "devastating"?report?published Sunday night by?Politico.?Details on the specific allegations remain scant, but the two women were reportedly paid settlements to leave the trade association after these episodes. The Cain camp argues?that Politico is "casting aspersions on [Cain's] character and spreading rumors that never stood up to the facts." On Fox News Monday morning, Cain acknowledged that the women had indeed accused him in the '90s, but called their allegations "totally baseless and totally false." How bad is this for Cain?
It's a bomb, but it can be defused:?This is serious,?says Joe Gandelman at?The Moderate Voice. The damning allegations are apparently well-sourced and thoroughly vetted. But this bombshell?doesn't have to spell the end of Cain's campaign. If he attempts to "defuse the charges head on" with specific answers to every question asked, the story will fade. Attacking?Politico?might seem smart since that strategy "will play well to the party's conservative base," which loves to discredit the supposedly liberal media, but it will only open Cain up to more scrutiny, essentially "inviting the media" to dig up more dirt. If Cain is swift, smart, and honest, he can still make this go away.
"The?Politico?breaks Herman Cain scandal"
Actually, this could ruin Cain:?It may not matter whether these allegations are even true,?says Ed Driscoll at?Pajamas Media. "It's the attack that counts," especially with relatively disengaged voters who may only remember the screaming headline. The Cain campaign's response will be key to determining how damaging this story will be ? and so far, Team Cain's "awful," muddled response does not inspire confidence. A long-winded rebuttal on TV by Cain's spokesman Sunday night, for instance, "did nothing to stop his employer's potential hemorrhaging."?
"The?Politico?draws first blood"
C'mon. This is a transparent attack by the liberal media: Just like the shameful accusations against Clarence Thomas in 1991, this is another "high-tech lynching"of a conservative black man conducted by members of the liberal media, says Jeffrey Lord at The American Spectator. When Bill Clinton faced the Lewinsky sex scandal during his second term, his defenders argued that "these kind of charges were only about sex," and not relevant to his political job. But when a conservative black candidate is accused by anonymous women of "inappropriate behavior," it's considered enough to keep him out of the Oval Office? What a double standard.
"High-tech lynching: The sequel starring Herman Cain"
If anything, this proves Cain is for real: It's no coincidence that someone leaked this story to Politico?now, says Erick Erickson at Red State. It's an indicator that Cain's rivals are taking his "very real" polling lead seriously. In past GOP nominating fights, "we have never seen a candidate publicly vetted... like this." The closest comparison is Mike Huckabee in 2008, who faced "a never ending media attack" as rival GOP campaigns were caught off guard by Huckabee's success, and dished dirt to the media to squelch Huckabee's surge. It's clear that some establishment figures "want to make sure Herman Cain cannot become Mike Huckabee for 2012."
"The oppo dump on Herman Cain begins in earnest"
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