Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/167861856?client_source=feed&format=rss
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Wednesday, November 30, 2011
Nissan sells more than 20,000 Leafs in first year, high-fives commence on Tokyo Motor Show floor
Nissan sells more than 20,000 Leafs in first year, high-fives commence on Tokyo Motor Show floor originally appeared on Engadget on Wed, 30 Nov 2011 02:27:00 EDT. Please see our terms for use of feeds.
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(Founder Stories) How Michael Bloomberg Got His Start: ?I Brought You A Cup Of Coffee?
Before he became the three-time Mayor of?New York City, Michael Bloomberg made billions running the financial information company bearing his name. But it might never have happened if he hadn't been fired from Wall Street during the early days of his career. The Mayor and?Bloomberg LP founder dropped by our TechCrunch studio to discuss all this and how he is working to turn New York City into a high tech hub?with Founder Stories host, Chris Dixon. After leaving Salomon Brothers, Mayor Bloomberg?started his own business because ?nobody offered me a job, I was probably too proud to go look for one, and I said well why not start your own company.?Source: http://feedproxy.google.com/~r/Techcrunch/~3/szaUo1YCi20/
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US to pay $2.5M in photo editor's anthrax death
MIAMI (AP) ? More than a decade after tabloid photo editor Robert Stevens became the first victim of the 2001 anthrax attacks, the U.S. government has agreed to pay his widow and family $2.5 million to settle their lawsuit, according to documents released Tuesday.
Stevens, 63, died on Oct. 5, 2001, when a letter containing deadly anthrax spores was opened at the then-headquarters in Boca Raton of American Media Inc., publisher of the National Enquirer, Sun and Globe tabloids. Eventually four other people would die and 17 others would be sickened in similar letter attacks, which the FBI blames on a lone government scientist who committed suicide.
Stevens' widow, Maureen Stevens, sued the government in 2003, claiming its negligence caused her husband's death by failing to adequately safeguard anthrax at the U.S. Army Medical Research Institute of Infectious Diseases at Fort Detrick, Maryland. The FBI probe concluded that Fort Detrick was the source of the spores used in the attacks in New York, Washington and Florida.
The government failed to carry out its "duty of care, the highest degree of care" in making sure the deadly microbes were kept tightly under lock and key, said the lawsuit filed in West Palm Beach federal court.
The case languished for years in procedural delays and appeals until the FBI announced in 2008 that a Fort Detrick scientist, Dr. Bruce Ivins, was responsible for the attacks. Although some of his colleagues and outside experts have raised doubts about his intent and ability to weaponize the anthrax, the FBI formally closed its "Amerithrax" investigation in 2010.
Ivins killed himself with an overdose of Tylenol and valium as investigators closed in. His attorney has maintained Ivins is innocent, but Justice Department prosecutors say they had more than enough evidence to convict him at trial.
Stevens' attorney, Richard Schuler, said when the FBI announced that Ivins was their man that it proved a key allegation in their lawsuit: "We've maintained all along this was an inside job," he said. Schuler called the settlement a "tremendous victory" for the Stevens family after years of litigation.
"They fought us at every turn and dragged this thing out," Schuler said. "You have to control access to these tremendously dangerous organisms and they didn't have any of that. You had security that was Swiss cheese out there."
The Justice Department declined comment beyond the settlement documents.
Government attorneys who handled the Stevens settlement said in the court papers that it is not "an admission of liability or fault on the part of the United States" and that the intent of the deal was "avoiding the expenses and risks of further litigation."
The settlement avoids a trial that had been set for early 2012 before Senior U.S. District Judge Daniel T.K. Hurley, who had earlier rebuffed U.S. efforts to get the case dismissed.
The deal allows for attorney fees of up to 25 percent and requires that a host of sensitive documents be destroyed or returned to U.S. officials. In addition to Maureen Stevens, 68, the settlement will benefit her three grown children.
Schuler said he felt confident Stevens would prevail at a trial but likely would face years of appeals and uncertainty about whether she would ever collect. The settlement avoids all that.
For years the FBI investigation focused on another scientist, Steven Hatfill, who was identified as a "person of interest" in 2001 by then-Attorney General John Ashcroft. Hatfill was eventually cleared and sued the government for invasion of privacy, eventually reaching a $5.8 million settlement.
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Items in '12 Days of Christmas' now top $100K (AP)
PITTSBURGH ? The price of partridges, pear trees and turtle doves has spiked, pushing the cost of every item mentioned in the carol "The Twelve Days of Christmas" above $100,000 for the first time.
Holding mostly steady this year: maids-a-milking, ladies dancing, lords-a-leaping and gold rings.
The 364 items repeated across all the song's verses would cost $101,119, an increase of 4.4 percent over last year, according to the annual Christmas Price Index compiled by PNC Wealth Management. The broader government Consumer Price Index increased by 3.9 percent over the same period.
Those with the money to spend would end up with 12 drummers drumming, 22 pipers piping, 30 lords-a-leaping, 36 ladies dancing, 40 maids-a-milking, 42 swans-a-swimming, 42 geese-a-laying, 40 gold rings, 36 calling birds, 30 French hens, 22 turtle doves, and 12 partridges in pear trees. (The price does not include bird maintenance.)
But buying just one set of each verse in the song will cost $24,263 this year ? a moderate 3.5 percent rise.
Eleven pipers piping will set you back $2,427, but that's a relative bargain compared to seven swans-a-swimming, which cost $6,300. That's a 12.5 percent rise over last year.
Jim Dunigan, managing executive of investment for PNC Wealth Management, said the core rate of increase is less than half the 9.2 percent jump last year.
"The story in general is wages are still a very sluggish part of this economy," said Dunigan, who noted that the price of eight maids-a-milking at minimum wage was $58 ? the same as in 2009.
Five gold rings even declined a bit, Dunigan said, to $645, from $650 last year.
But last-minute shoppers who turn to the Internet may be in for some surprises. The core list that costs about $24,000 in stores will come to $39,860 online ? a whopping 16.1 percent increase over Internet prices last year. Dunigan said the high cost of shipping live birds explains some of the difference.
Six items didn't go up in cost this year: French hens, calling birds, gold rings, maids-a-milking, ladies dancing and lords-a-leaping. Pipers piping and drummers drumming rose 3 percent. The partridge is still the cheapest item, at $15, and swans the most expensive.
PNC Financial Services Group Inc. checks jewelry stores, dance companies, pet stores and other sources to compile the list. Some of its sources this year include the National Aviary in Pittsburgh and the Philadelphia-based Pennsylvania Ballet Company.
___
Online:
http://www.pncchristmaspriceindex.com
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Syracuse chancellor: Boeheim's our coach (AP)
ALBANY, N.Y. ? Syracuse University Chancellor Nancy Cantor gave men's basketball coach Jim Boeheim a vote of confidence Tuesday amid an investigation of child molestation allegations against his former longtime assistant coach.
Cantor emerged from an economic development conference with state officials and said: "Coach Boeheim is our coach."
Some commentators and sex abuse victims' advocates had said Boeheim should resign or be fired after three men, including two former Syracuse ballboys, accused former assistant coach Bernie Fine of molesting them and Boeheim verbally attacked the accusers.
"Coach Boeheim is our coach; he's getting the team ready tonight," Cantor said. "We're very pleased with what he said Sunday night, and we stand by him."
After initially saying Fine's first two accusers were lying to make money in the wake of the Penn State University sexual abuse scandal, Boeheim backed off those comments in a statement Sunday.
"What is most important is that this matter be fully investigated and that anyone with information be supported to come forward so that the truth can be found," Boeheim said after Fine's firing. "I deeply regret any statements I made that might have inhibited that from occurring or been insensitive to victims of abuse."
Bobby Davis first contacted Syracuse police in 2002 about Fine, but there was no investigation because the statute of limitations had passed.
On Nov. 17, his allegations resurfaced.
Davis, now 39, told ESPN that Fine molested him beginning in 1984 and that the sexual contact continued until he was around 27. A ball boy for six years, Davis said the abuse occurred at Fine's home, at Syracuse basketball facilities and on team road trips, including the 1987 Final Four. Davis' stepbrother, Mike Lang, 45, who also was a ball boy, also told ESPN that Fine began molesting him while he was in fifth or sixth grade.
On Sunday, a third man, Zach Tomaselli, who faces sexual assault charges in Maine involving a 14-year-old boy, said he told police last week that Fine molested him in 2002 in a Pittsburgh hotel room.
Fine has denied the allegations.
Cantor stressed the university is working with authorities.
"We've been very straightforward and candid about this whole process," she said. "We've gone through our due diligence when things came up, and we felt it was important both for Bernie Fine and for the university to move forward."
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Tuesday, November 29, 2011
Mexico arrests 3 in slaying of governor's guards
MONTERREY, Mexico -- Mexican authorities say they have arrested three members of the Zetas drug cartel who later confessed to the June slaying of bodyguards for the governor of the northern state of Nuevo Leon.
A federal prosecutor's aide says the men were captured during a traffic stop Saturday.
The aide spoke on condition of anonymity due to safety concerns.
The aide says the men confessed to killing two of Gov. Rodrigo Medina's guards in June; a guard for a town mayor last year, and three police officers in May.
The suspects were identified as 24-year-old Arturo Garcia Celaya, 25-year-old Jose Daniel Hernandez Guzman, and 34-year-old Nicolas Yepes Alvarez.
The aide says Garcia and Hernandez were fugitives following a prison escape last December.
Source: http://www.miamiherald.com/2011/11/27/2520765/mexico-arrests-3-in-slaying-of.html
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Video: Freed American student: ?It was very scary?
'ESTER HOLT, co-host: We do want to begin, though, with the homecoming for those three American students detained in Cairo this week. They were arrested last Sunday, accused of throwing Molotov cocktails off the roof of a building during a protest near Tahrir Square . After nearly a week of uncertainty in jail, they were released and are back in the US . Joining us now is one of the students, Derrik Sweeney , and his mother Joy . Good morning to both of you. Thanks for joining us.
Ms. JOY SWEENEY (Mom of College Student Released from Cairo Jail): Good morning.
Mr. DERRIK SWEENEY (College Student Released from Cairo Jail): Good morning, Lester .
HOLT: Derrik , what's it like to be home?
Mr. SWEENEY: It's really wonderful. The world is beautiful.
HOLT: And we mentioned, you've got some stories to tell. There's a picture of the three of you that was sent out this week after you were arrested. You are the tallest one on the right. And in front of you -- at one point one of the pictures has a bag of supplies for Molotov cocktails that you were accused of using. What was going through your mind at that time?
Mr. SWEENEY: That was perhaps the scariest moment of my life. I was not sure whether I would get to see America , my family, or my loved ones again. I actually fainted right after that, the only time I recall fainting in my life. It was very, very scary.
HOLT: And as we noted, there were some materials for bomb making or Molotov cocktails . You were accused, along with the other two other students, of throwing these off a roof. Were you even on the rooftop at the time of all this?
Mr. SWEENEY: No. That was actually one of the strangest things. I didn't know where that came from. We were never on a rooftop, and also we did not ever handle or deal or throw Molotov cocktails .
HOLT: Were you participating in the protests in any way?
Mr. SWEENEY: We were at the protests. We were there. We didn't even chant the slogans. It was in Arabic, couldn't really even understand most of it. So we were there but not really participating.
HOLT: Listen, at one point you do end up in jail, but before that you were held in captivity somewhere else, and I understand those were the most harrowing hours. Tell us about those first several hours in captivity.
Mr. SWEENEY: Yeah, the first -- the first hours they -- well, they threatened to force feed us gasoline. They put our shirts up over our heads so we couldn't see where we were at all, and they hit us in the face and the back of the neck a lot. Then we spent about seven hours in the fetal position with our hands behind our back, handcuffed in the dark, and they were behind us with guns saying that if we moved at all they would shoot us. And at that point, I sort of -- I just -- I just recall that existence is love and everything is beautiful. It was very scary.
HOLT: And as you're telling that story, I'm watching you mom, Joy , the look of worry across your face again. What was it like for those days trying to find the latest on Derrik , his whereabouts and whether he would get out?
Ms. SWEENEY: Oh, my goodness. It was such an emotional roller coaster, you know. And then to find out the story behind it, I mean, I knew that the entire time I was praying, everybody that I knew was praying. I got prayers, messages from people. Total strangers would stop me at the grocery store and say, 'I've been praying for your son's safe return.' And our prayers were finally answered and we're so grateful.
HOLT: And, Derrik , I have to assume you did a little some praying yourself. Was there a point when you think this homecoming might not happen, that this thing could go sideways in a hurry?
Mr. SWEENEY: There was a point when that possibility seemed quite logically likely, though I never really allowed it to enter my thinking too much.
HOLT: Well, listen, we're glad you're back together. I know you've got a delayed Thanksgiving meal, and we thank you for taking time to send with us this morning.
Mr. SWEENEY: Thank you.
Ms. SWEENEY: Thank you.
HOLT: All right, Derrik and Joy Sweeney . And now here's Jenna .
JENNA WOLFE, co-host: What a great spirit he has, huh? Lester , thank you.
Source: http://video.today.msnbc.msn.com/today/45452223/
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Alienware M14xr3
[unable to retrieve full-text content]The M14xr3 is the middle child of the Alienware family; it's a great performer on the gaming grid, but its weight and heat issues work against it.
Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/W6BJltccrMI/0,2817,2396764,00.asp
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Walker recall effort says 300,000 signatures in
MADISON, Wis. (AP) ? Organizers of the effort to recall Wisconsin Republican Gov. Scott Walker from office said Monday they have collected 300,000 signatures, more than half of what is needed to force an election.
The United Wisconsin coalition needs 540,208 signatures by Jan. 17 to force a recall election sometime in 2012. They reported Monday that over half the number needed had been collected in just 12 days, with signatures coming in from all 72 Wisconsin counties.
The recall drive was motivated by anger over Walker's proposal effectively ending collective bargaining rights for most public workers. The law passed in March despite massive protests and the fleeing of all 14 Democratic state senators to Illinois for three weeks.
Organizers' signature counts can't be independently verified. The petitions won't be submitted for verification before organizers have gathered more than the required total of signatures.
United Wisconsin did not report how many signatures had been collected for the recall of Lt. Gov. Rebecca Kleefisch, but a spokeswoman for the group said the totals were close.
Walker has already moved into campaign mode assuming the necessary signatures will be collected. He has released two television ads to counter the recall effort. The national conservative group Americans for Prosperity has also hit the airwaves in support.
Walker has defended the collective bargaining changes, and other moves such as cutting public education aid, as necessary to bring the state's budget back into balance at a time when it faced a $3.6 billion shortfall.
Ben Sparks, a spokesman for the Wisconsin Republican Party, called the recall effort "a baseless partisan power-grab being pushed on Wisconsin families by liberal special interests."
"We remain focused on Governor Walker's common-sense reforms that have laid the ground work for economic growth, and our economy only continues to improve," Sparks said in a written statement.
Anger spurred nine state Senate recall elections this summer targeting six Republican and three Democratic incumbents. Two Republicans lost, leaving them with a slim one-vote majority in the Senate.
Petitions are also circulating against four more Republican incumbents, setting up the possibility of more recall elections next year that could give Democrats control of the Senate.
The earliest a Walker recall could be held, assuming enough petitions have been collected, would be March 27. But legal challenges and additional time to verify the signatures is expected to push any recall election to later in the spring or summer. There could also be a primary.
No Democrat has announced plans to take on Walker. Democratic Party Chairman Mike Tate has said Democrats are in no hurry to name a candidate and they hope to make the recall a referendum on Walker.
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War drawdowns wreak havoc on Guard soldiers' lives
Michigan National Guard 1st Lt. Demetries Luckett, of Harper Woods, is seen outside of Tech Town in Detroit, Tuesday, Nov. 22, 2011. Two months ago, Luckett left his job in Michigan, turned in his cable box, sent his daughter to live with her mother, and headed for Camp Shelby in Mississippi. As a 1st lieutenant in Michigan's National Guard, he was being deployed to Afghanistan. But just a month after he arrived for training, the Army decided Uncle Sam didn't need him after all. Now Luckett's unemployed and back home in Harper Woods, Mich. _ a victim of the Obama administration's ongoing effort to pull at least 33,000 U.S. troops out of Afghanistan by next fall. (AP Photo/Jerry S. Mendoza)
Michigan National Guard 1st Lt. Demetries Luckett, of Harper Woods, is seen outside of Tech Town in Detroit, Tuesday, Nov. 22, 2011. Two months ago, Luckett left his job in Michigan, turned in his cable box, sent his daughter to live with her mother, and headed for Camp Shelby in Mississippi. As a 1st lieutenant in Michigan's National Guard, he was being deployed to Afghanistan. But just a month after he arrived for training, the Army decided Uncle Sam didn't need him after all. Now Luckett's unemployed and back home in Harper Woods, Mich. _ a victim of the Obama administration's ongoing effort to pull at least 33,000 U.S. troops out of Afghanistan by next fall. (AP Photo/Jerry S. Mendoza)
Michigan National Guard 1st Lt. Demetries Luckett, of Harper Woods, walks outside of Tech Town in Detroit, Tuesday, Nov. 22, 2011. Two months ago, Luckett left his job in Michigan, turned in his cable box, sent his daughter to live with her mother, and headed for Camp Shelby in Mississippi. As a 1st lieutenant in Michigan's National Guard, he was being deployed to Afghanistan. But just a month after he arrived for training, the Army decided Uncle Sam didn't need him after all. Now Luckett's unemployed and back home in Harper Woods, Mich. _ a victim of the Obama administration's ongoing effort to pull at least 33,000 U.S. troops out of Afghanistan by next fall. (AP Photo/Jerry S. Mendoza)
Michigan National Guard 1st Lt. Demetries Luckett, of Harper Woods, walks outside of Tech Town in Detroit, Tuesday, Nov. 22, 2011. Two months ago, Luckett left his job in Michigan, turned in his cable box, sent his daughter to live with her mother, and headed for Camp Shelby in Mississippi. As a 1st lieutenant in Michigan's National Guard, he was being deployed to Afghanistan. But just a month after he arrived for training, the Army decided Uncle Sam didn't need him after all. Now Luckett's unemployed and back home in Harper Woods, Mich. _ a victim of the Obama administration's ongoing effort to pull at least 33,000 U.S. troops out of Afghanistan by next fall. (AP Photo/Jerry S. Mendoza)
Michigan National Guard 1st Lt. Demetries Luckett, of Harper Woods, outside of Tech Town in Detroit, Tuesday, Nov. 22, 2011. Two months ago, Luckett left his job in Michigan, turned in his cable box, sent his daughter to live with her mother, and headed for Camp Shelby in Mississippi. As a 1st lieutenant in Michigan's National Guard, he was being deployed to Afghanistan. But just a month after he arrived for training, the Army decided Uncle Sam didn't need him after all. Now Luckett's unemployed and back home in Harper Woods, Mich. _ a victim of the Obama administration's ongoing effort to pull at least 33,000 U.S. troops out of Afghanistan by next fall. (AP Photo/Jerry S. Mendoza)
WASHINGTON (AP) ? Two months ago, Demetries Luckett left his job in Michigan, turned in his cable box, sent his daughter to live with her mother, and headed for Camp Shelby in Mississippi.
As a 1st lieutenant in Michigan's National Guard, he was being deployed to Afghanistan.
But just a month after he arrived for training, the Army decided Uncle Sam didn't need him after all.
Now Luckett's unemployed and back home in Harper Woods, Mich. ? a victim of the Obama administration's ongoing effort to pull at least 33,000 U.S. troops out of Afghanistan by next fall.
Unlike active-duty soldiers who are stationed at U.S. military bases across the country and can be sent on a moment's notice to a conflict anywhere in the world ? the nation's citizen soldiers have civilian jobs and lives they have to set aside when they get those deployment notices.
And unlike active-duty soldiers, Guard members may have little to go back to, if their country changes its mind.
Luckett is not alone.
In the last 60 days, as many as 8,900 Army National Guard soldiers were either sent home early from Iraq or Afghanistan, or were told that the Pentagon's plans to send them to war had either been shelved or changed. As a result, U.S. military and Guard leaders have been scrambling to find alternative missions for many of the soldiers ? particularly those who had put their lives and jobs on hold and were depending on the deployment for their livelihood.
"If you're a 25-year-old infantryman, and you're a student at Ohio State University, and you decide not to register for school in July because you were going to mobilize, and we say your services aren't needed anymore ? that becomes a significantly emotional event in that person's life," said Col. Ted Hildreth, chief of mobilization and readiness for the Army National Guard.
Guard members scheduled for deployment, he said, often quit or take extended leaves from their jobs, put college on hold, end or break their apartment leases, sell or rent their houses, and turn their medical or legal practices over to someone else. And in some cases, in this flagging economy, Guard members who may be unemployed or underemployed are relying on the year-long paycheck, which can include extra money for combat pay or tax-free benefits.
"These are commitments and contracts that have been signed, and so when these changes happen, they are not insignificant," he said. "So we work with the unit, the country team and the joint force headquarters to define who are no-kidding hardships and who we had to work to find other employments opportunities to fulfill the 400-day mobilization commitment that we made to that soldier."
In the coming weeks, as America works to extricate itself from two wars, the U.S. will pull the remaining 18,000 troops out of Iraq, and withdraw 10,000 forces from Afghanistan. Another 23,000 or more will come out of Afghanistan by next fall.
And while the political ramifications of the war drawdowns are hotly debated topics, there is often little said or known about the cascading effects such decisions have on the lives, jobs and schooling of the National Guard and Reserve troops.
Guard units are notified of their deployments as much as two years in advance, so they make long-term plans to meet the year-long military commitment.
But to meet the often-changing withdrawal timetables for Iraq and Afghanistan, the Pentagon has had to abruptly shuffle units, and even individual soldiers, around. The major moves include shifting forces from Iraq to new missions in Kuwait or to Afghanistan.
During a hearing on Capitol Hill, Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, said the military tries to do all it can to avoid changing deployment orders given to National Guard units once they are notified.
If a unit has been mobilized, he said, "we will find a place to use it," particularly if it is an aviation unit, since those are in high demand.
Usually, he said, officials try to identify soldiers who prefer not to deploy, since there often are some who are happy to stay home. Then the rest of the unit will, if possible, be sent to a different mission in the same country or to another location.
For example, the 37th Infantry Brigade Combat Team, made up of more than 2,300 soldiers from Ohio and Michigan, was initially scheduled to go to Afghanistan in early October to do combat and other operations.
But when Pentagon leaders decided many weren't needed, they scrounged for other missions so that the soldiers who really wanted or needed to deploy could do so.
Maj. Jeff Kinninger, executive officer for the 126th Cavalry Squadron, was another soldier who got to Camp Shelby, then was told not to deploy. But for Kinninger and his family, it was more of a welcome decision because he has a full-time job working for the National Guard in Grand Rapids.
"For me, this would have been three deployments in the last seven years, so I wasn't too disappointed," said Kinninger, 42, who had served in Iraq in 2005 and 2008. "I'm disappointed not to be there with my soldiers, but my family is happy I'm not going."
His squadron is part of the 37th IBCT. So, of the 430 squadron members who headed to Camp Shelby to prepare to deploy, more than 200 were told they weren't needed. After sorting out who wanted to go home, military officials were able to find assignments for all the rest, Kinninger said.
Two other brigades are going through similar struggles ? the 27th Infantry Brigade Combat Team, based in New York, and the 29th Combat Aviation Brigade, which includes soldiers from across the U.S.
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Sony Ericsson to shut down Sync service, recommends Google Sync instead
Like bubbles casually floating on the horizon, Sony Ericsson's Sync service is about to fade into obscurity. Last week, the company formerly known as Sony Ericsson confirmed that Sync will be shut down on December 29th, in favor of similar offerings from Google and other companies. In a statement posted to its site, the manufacturer explained that the service had to be cut, "since it was meant for old generation phones and our aim is to create a more enhanced and integrated smartphone experience for you." Sony Ericsson suggests using Google Sync as an alternative, though Plaxo and UNYK are also viable. Check out the source link below for detailed instructions on how to make the transition.
Sony Ericsson to shut down Sync service, recommends Google Sync instead originally appeared on Engadget on Mon, 28 Nov 2011 05:35:00 EDT. Please see our terms for use of feeds.
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Monday, November 28, 2011
Atari Flashback 3 offers you old school gaming ? Coolest Gadgets
by Edwin - on November 28th, 2011
Now here is something that you might want to consider after getting your daily fix of PS3 as well as Xbox 360 (the Wii does not really count since the graphics are not exactly worth looking into) ? the Atari Flashback 3, and as its name implies, it offers a blast from the past. Retailing for just ?39.99 a pop, it will let the younger generation in your home enjoy what used to occupy your time back in the days when you were a wee lad. Yes sir, it even comes with its own set of old school joysticks to set the classic gaming mood in your home.
Just plug them into the console, and you will enter a ?time machine? of sorts, with everyone in the room enjoying what real gameplay is all about, without having to worry about how many pixels it is able to cram into the screen. Forget about Angry Birds or Call of Duty, this is something you might want to look into if you want to take a trip down memory lane.
Source: http://www.coolest-gadgets.com/20111128/atari-flashback-3-offers-school-gaming/
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Sunday, November 27, 2011
Bond market hammers Italy, Spain ponders outside help (Reuters)
ROME/MADRID (Reuters) ? Italy's borrowing costs soared to their highest levels since Rome joined the euro on Friday, piling pressure on the newly installed government of Mario Monti at the end of a week in which the euro zone crisis tainted even safe haven Germany.
A punishing bond sale, in which Italy was forced to pay a record 6.5 percent for six months paper, came after a disastrous German bond auction earlier in the week and the leaders of France, Germany and Italy failed to make headway in tackling the growing debt crisis.
Amid signs that the euro zone contagion is spreading, indications emerged in Madrid that the People's Party, getting ready to form a government in the coming weeks, may apply for international aid to shore up its finances.
After winning an election this month, the PP under Mariano Rajoy inherits an economy on the verge of recession, a tough 2012 public deficit target, financing costs driven to near unsustainable levels by nervous debt markets and a battered bank sector with billions of euros of troubled assets on its books.
Tuesday's launch by the International Monetary Fund of a credit facility for fiscally responsible countries at risk from the euro zone debt crisis gives it a potential lifeline it may wish to exploit.
"I don't believe the decision has been made ... but it is one of the options on the table, because I've been asked about it. But we need more time and more information on the current state of things," a source close to the PP told Reuters.
Italy's auction on Friday, described by one analyst as "awful," spooked investors further and pushed two-year yields on the secondary market to an eye-watering euro lifetime high of more than 8 percent.
Longer term debt is above a "red line" of 7 percent which forced Portugal, Greece and Ireland into bailouts that Europe could not afford for the much bigger Italian economy.
Spiralling borrowing costs have added to pressure on Monti's government of technocrats, hastily sworn in this month after Prime Minister Silvio Berlusconi was bundled out of office as economic pressures grew.
European Economic and Monetary Affairs Commissioner Olli Rehn threw his backing behind Monti but warned that swift action was needed to contain the escalating euro zone debt crisis.
He dismissed fears that the euro's survival was in question but said the crisis had reached the heart of the single currency.
"This contagion effect has been touching the proximity of the core and even touching the core itself," he told a news conference after meeting Monti in Rome.
"It shows that this is an increasingly systemic phenomenon, which calls for strong financial firewalls in order to contain this contagion and have a counterforce to this market turbulence."
EYES ON ECB
With the European Central Bank coming under increasing pressure to take more effective action, something it and Germany continue to oppose in public, officials suggested one possible scenario that could break the impasse.
A push by euro zone countries toward very close fiscal integration could give the ECB the necessary room for maneuver to dramatically scale up euro zone bond purchases and stabilize markets.
The ECB, which cannot directly finance governments, has been buying Italian and Spanish bonds intermittently on the secondary market since August to try to keep their borrowing costs and contain Europe's sovereign debt problem.
But Italian and Spanish yields have nonetheless reached levels that economists see as unsustainable, raising the possibility that Rome and Madrid will be forced to seek emergency international funding.
"We are not far from a point when the disruption in the markets is so big that monetary policy transmission does not work at all," said one euro zone official involved in shaping the euro zone's policy response to the crisis.
"If the ECB has the assurance that we are moving toward a fiscal union, they could be ready to go all out," he said
Belgium, which had prided itself on being able to stabilize its debt position despite having had no government for the past 18 months, saw its credit rating downgraded.
Political deadlock in Brussels prompted Standard & Poor's to cut Belgium's credit rating to double-A from double-A-plus, citing concerns about funding and market pressures, as the euro zone debt crisis continues to worsen.
"We need a reply that is clear and credible if we are to avoid the worst," Belgium's caretaker prime minister, Yves Leterme, told Belgian television.
The downgrade followed difficulties this week in Belgium's drawn-out attempt to form a government. Elio Di Rupo, leader of the French-speaking Socialists, had been trying to form a government based on a six-party coalition.
But he tendered his resignation on Monday after talks for a 2012 budget - agreement on which is a condition for forming a government - ground to a halt.
Greek, the source of the euro zone's debt crisis, provided another source of dispute.
Investors' worries intensified after reports that Greece was demanding harsh conditions from creditors on a proposed bond swap -- critical to reduce its debt and avoid default.
Banks represented by the Institute of International Finance agreed last month to write off the notional value of their Greek bondholdings by 50 percent to reduce Greece's debt ratio to 120 percent of its gross domestic product by 2020.
But Greece was demanding that its new bonds' net present value -- a measure of the current worth of future cash flows -- be cut to 25 percent, a far harsher measure than the banks had in mind, according to people briefed on the matter.
(Writing by Giles Elgood, editing by Mike Peacock)
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