Archive for August, 2012

Daily Readings 08-31-2012

By: admin
Published: August 31st, 2012

Apple Loses Patent Lawsuit Against Samsung In Japan

Apple Inc. lost a patent lawsuit in Japan as a Tokyo judge ruled that Samsung Electronics Co. (005930) smartphones and a tablet computer didn’t infringe on an Apple invention for synchronizing music and video data with servers.

Apple’s rot starts with its Samsung lawsuit win

Apple is one of the most aggressive intellectual property litigators of all time. Its major moves have not been about protecting precise technical innovations, but about claiming the much softer zone of look and feel. It sues for brand rather than engineering. It has pioneered a new modern sensibility: taste is what’s most valuable; identity is king. It’s sued about the lower case “i”; it’s sued about the word “pod”; it’s sued New York City over the “big Apple”; it’s sued over using the words “app store”.

This fierce defensiveness might be rightly understood in a psychological sense: Apple itself is based on stolen iconography. There was first the Beatle’s Apple and there was Xerox PARC’s desktop design. Apple’s self-righteousness masks its guilt. (It may be sheepish, too, about being more of a marketing organization than a technology company.) What’s more, it knows better than anybody that if you relax your vigilance, somebody can easily walk off with what you’ve done – and improve it

U.S. Senator Reid, son combine for China firm’s desert plant

In 2003, the Nevada Democrat publicly banned relatives from lobbying him or his staff after newspaper reports showed that Nevada industries and institutions routinely turned to Reid’s sons or son-in-law for representation.

Now, questions surrounding family ties are flaring again in Nevada around the Senate majority leader. He and his oldest son, Rory, are both involved in an effort by a Chinese energy giant, ENN Energy Group, to build a $5 billion solar farm and panel manufacturing plant in the southern Nevada desert.

Obama Trying Ideas People Came To America To Get Away From – That is a must read 

Under Barack Obama, the only “Change” is that “Hope” has been hard to find.
Now millions of Americans are insecure about their future. But instead of inspiring us by reminding us of what makes us special, he divides us against each other.

He tells Americans they’re worse off because others are better off. That people got rich by making others poor.

Hope and Change has become Divide and Conquer.

No matter how you feel about President Obama, this election is about your future, not his. And it’s not simply a choice between a Democrat and a Republican.

It’s a choice about what kind of country we want America to be.

As we prepare to make this choice, we should remember what made us special. For most of history almost everyone was poor. Power and wealth belonged to only a few.

Your rights were whatever your rulers allowed you to have. Your future was determined by your past.

If your parents were poor, so would you be. If you were born without opportunities, so were your children.

But America was founded on the principle that every person has God-given rights. That power belongs to the people. That government exists to protect our rights and serve our interests.That we shouldn’t be trapped in the circumstances of our birth. That we should be free to go as far as our talents and work can take us.

South African miners charged with murder of colleagues shot by police

Murder charges brought against 270 miners under obscure law previously used by apartheid government

Majority of New Jobs Pay Low Wages, Study Finds

While a majority of jobs lost during the downturn were in the middle range of wages, a majority of those added during the recovery have been low paying, according to a new report from the National Employment Law Project.

‘Drink Less, Work More’, Billionaire Tells Non-Rich

“There is no monopoly on becoming a millionaire,” she writes. “If you’re jealous of those with more money, don’t just sit there and complain. Do something to make more money yourself – spend less time drinking, or smoking and socializing and more time working.”

She also tells the stories of her two grandfathers and three of her wealthy friends, who all started at the bottom and worked their way to the top. One grandfather, James Nicholas, started cleaning stables and launched a transportation company. Another granddad built a sheep station with 25,000 sheep.

Her pal Michael Kailis came from a poor Greek immigrant family and became Australia’s crawfish king. Friend Jack Cowin borrowed from friends to found the Hungry Jack burger chain, and is now the country’s “king of fries.”

“The lessons are the same,” she writes. “You can’t get rich without working hard, taking risks, investing and reinvesting your profits.”

Of course, as Rinehart knows, you can also become very rich from inheriting and expanding your father’s company.

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Daily readings 08-30-2012

By: admin
Published: August 30th, 2012

Is Inflation Returning?

Rising inflation is certainly not inevitable, but, in both the US and Europe, it has become a risk to be reckoned with.

Spyware Matching FinFisher Can Take Over IPhones

FinFisher spyware made by U.K.-based Gamma Group can take control of a range of mobile devices, including Apple Inc. (AAPL)’s iPhone and Research in Motion Ltd. (RIM)’s BlackBerry, an analysis of presumed samples of the software shows.

The program can secretly turn on a device’s microphone, track its location and monitor e-mails, text messages and voice calls, according to the findings, being published today by the University of Toronto Munk School of Global Affairs’ Citizen Lab. Researchers used newly discovered malicious software samples to further pull back the curtain on the elusive cyber weapon.

Designer markets brown paper lunch bag

How much would you pay for a brown paper bag? Some people are paying up to $290 for one.

Designer Jil Sander is selling a handbag that looks like the brown paper bags used to transport students’ lunches to school. The bag is being sold for up to $290.

According to Sander’s website, the unisex bag is sold out. There is no word if more bags will be made.

‘Emergency’ Tax on the Rich Roils Britain

As part of the global push to tax the rich, Britain is now debating an “emergency” wealth tax. But the idea has hit fierce opposition from conservatives, who say the “politics of envy” hasn’t made the country rich.

U.S. Firms Move Abroad to Cut Taxes

Despite ’04 Law, Companies Reincorporate Overseas, Saving Big Sums on Taxes

Cuba Vice President Marino Murillo’s daughter defected and is living in Tampa

Glenda Murillo, daughter of Cuban Vice President Marino Murillo, defected and set dry foot in Texas earlier this month.

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Daily Readings 08-29-2012

By: admin
Published: August 29th, 2012

U.S. Debt On Track to Hit $16 Trillion Within Week

The federal government’s debt could hit an unprecedented $16 trillion this week while the Republican Party is holding its national convention in Tampa, Fla.

On Monday afternoon, at the opening of the convention. the Republicans will try to draw attention to the mounting debt by unveiling a debt clock in the Tampa Bay Times Forum, where the convention will be held.
At an event in Waterloo, Iowa, earlier this month President Obama highlighted his own efforts to deal with the debt.

STUDY: States over $4 trillion in debt

America’s 50 states are collectively over $4 trillion in debt according to a new study by an independent, non-partisan think tank.

State Budget Solutions‘ third annual State Debt Report shows that aggregate state debt fell from $4.24 trillion last year to $4.19 trillion this year. State Budget Solutions’ debt calculations include a state’s regular debt, the fiscal year 2013 budget gap, outstanding unemployment trust fund loans, unfunded other post employment benefit liabilities, and the state’s unfunded pension liabilities.

State of the States

Long considered the best issuers in the municipal bond market, states are under a lot of strain. Mounting pension shortfalls and high debt are upping the risk for state muni-bond investors.

Feds: Too few Americans ‘turn to government for assistance’

More Americans rely on their families for assistance than the government, so federal officials have undertaken an effort to help people to apply for federal assistance.

“Given that only 15 percent of you turn to government assistance in tough times, we want to make sure you know about benefits that could help you,” announced today. The ”government made easy’ website has created a “help for difficult financial times” page for people to learn more about the programs.

80% of President Obama’s Drought Relief Bill Is For Food Stamps

The farm bill that President Obama was referring to, and that the Senate had passed, is proposed as an extension to current legislation which is due to expire next month. That new plan would cost taxpayers nearly $1 trillion over the next ten years, with an estimated $770 billion of that money going to fund an already out-of-control food stamp program. Yes, the vast majority of all the money budgeted to support the “Federal Agricultural Reform andManagement Act” is specifically earmarked for the Supplemental Nutrition Assistance Program (SNAP), more commonly known as the food stamp program.

Chart of the Week: Tax Revenues Devoured by Entitlements

Obama’s false sense of fairness

In the 2012 election, “a fair shot” is the new “hope and change.”

President Barack Obama regularly promises in campaign speeches that his policies will give every American a “fair shot.” As with his previous campaign promises, the president knows people interpret “fair” to match their own meaning.

The choice Americans face in this important election, however, does not rest on what they think “fair” means. They must know what the President means when he uses the term.

For more than three and a half years, the president has governed by his politically motivated idea of fairness. His record demonstrates that “fair” for him doesn’t mean equal opportunity for all Americans – it means equal outcome regardless of efforts.

What’s really wrong with our economy 

Before you can fix something, you have to know what’s wrong.

Politics lies at heart of problem

Brain-dead politics assures chaos till 2016

 No matter who wins, irrationality will rule markets

Into The Meat Grinder We Go

“I want to give you a few predictions and then tell I’ll you who they’re from. It might surprise you.

Prediction number 1: We’re heading headlong into a financial meat grinder.

Prediction number 2: We’re about to plunge off a financial cliff.

Prediction number 3: Major market meltdown the likes of which we’ve never seen is upon on us.

This wasn’t from some alternative media site or somebody that’s peddling gloom and doom.

The first one is from JP Morgan, the second from Ben Bernanke, and the third was from Steven Rattner, former Obama Treasury adviser.

The IMF and the US Congressional budget office are both warning about the largest tax increase and the largest spending cut in history hitting this country.

They’re doing this for a reason. 

It isn’t because it’s not going to happen. It is because it’s going to happen.

Spaniards pull more money out of banks in July

A rush by consumers and firms to pull their money out of Spanish banks intensified in July, with private sector deposits falling almost 5 percent as Spain was sucked into the centre of the euro zone debt crisis.

Catalonia Asks Madrid for Help in Spanish Financial Crisis – The house of cards are falling down, falling down….

Spain’s regions have a combined debt of €145 billion and some €36 billion must be refinanced this year. Catalonia alone owes more than €42 billion. The government fund, which was set up on July 13 to help rescue the regions, has €18 billion in capital, part of it raided from the national lottery.

2013 Ford C-Max Hybrid, America’s first Prius killer: Motoramic Drives

Over the past 12 years, the Toyota Prius has made hybrid cars a household term and given the carmaker the greenest image of any manufacturer. The competition isn’t just sitting on the sidelines and watching the Japanese manufacturer dominate the world’s demand for fuel-efficient cars with a growing Prius model line; cars like the Chevy Volt and Nissan Leaf provide some alternative to help consumers save on energy usage. But no model from Detroit has taken a direct aim at the Prius.

That is, until now. Enter the 2013 Ford C-Max Hybrid, a five-passenger tall hatchback that, like the Prius, will only succeed or fail as a hybrid.

End Game – OOPS…

Curt Schilling set out to build the greatest video-game company the world had ever seen, and to get rich — Bill Gates rich — doing it. Instead, the whole thing exploded in his face. Drawing on exclusive interviews with the Red Sox legend and his former employees, Jason Schwartz takes us inside the chaos, arrogance, and mistakes that led to the destruction of 38 Studios and the loss of $75 million in taxpayer money.

Drought to cost insurers billions in losses – Taxpayers on the hook again….

The insurance industry faces its biggest ever loss in agriculture as the worst drought to hit the US in more than half a century devastates the country’s multibillion-dollar corn and soyabean crops, triggering large claims.

Insurance companies providing so-called crop protection will recoup part of their loss, nonetheless, as the US federal government reinsures some of their risk, on top of subsidising the premiums that farmers pay to private companies.

A Dismal Outlook for Growth

In a new paper, the Northwestern economist Robert J. Gordon argues that the United States should get ready for an extended period of slowing growth, with economic expansion getting ever more sluggish and the bottom 99 percent getting the short end of the (ever-slower-growing) stick.

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By: admin
Published: August 28th, 2012

As an owner of Google – Samsung Galaxy Nexus HSPA+ (which I consider to be the best “pure android” phone for sale in USA – I approve these messages….

SAMSUNG: Whether or not we ripped off Apple’s tech, Apple stole it to begin with

Dubbed “Diamond Touch,” Samsung’s legal team presented a massive touchscreen table built by Mitsubishi to the jury in an effort to show that Apple’s patent on pinch-to-zoom technology should not be valid because it already existed for years before the first iPhone launched. What’s more, Samsung suggested that Apple knowingly stole the technology when its witness, Mitsubishi engineer Adam Bogue, testified that he showed the Diamond Touch to Apple engineers back in 2003.

For the young folks out there who think that Apple is one of the most innovative companies in the world….here is how they started – stealing the idea for the GUI (graphic user interface) from XEROX…Steve Jobs admits it here…

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Links 08-27-2012

By: admin
Published: August 27th, 2012

Argentine leader’s image falls as inflation soars – LOL – Communism still not popular …. 

Argentine President Cristina Fernandez’s popularity sank to 30 percent in August, less than half of what it was a year earlier, according to a poll published on Sunday that portrayed a country worried about crime and high inflation.

Obama should pray that China overtakes US 

… it may be inevitable…

Asian cities to become top finance centres by 2022 – survey 

Top UK traders and dealmakers bruised by intense banker bashing believe an Asian city will take over as the world’s dominant financial centre within 10 years, according to a survey.

Hong Kong apartment fetches record $61 million 

A luxury apartment in Hong Kong has sold for a record HK$470 million ($61 million), making it the priciest condominium in the Chinese city and possibly the second most expensive in the world, reports said.

An unidentified buyer paid the HK$75,806 ($9,773) per-square-foot price for the 6,200-square-feet (576-square-metre) unit at Opus Hong Kong in the upmarket Peak residential area, Hong Kong Economic Journal and Sing Tao Daily said

Goin’ off a cliff

The mother of all tax storms is heading our way. And it’s due to arrive at the end of the year, raising rates for more than 100 million Americans.

It is a storm that could sink the economy, as Congress’ number-crunchers at the Congressional Budget Office warned late last week. It said failure to act will put the economy back in recession and that unemployment will soar from 8.2 percent to 9.1 percent, or roughly 2 million more jobless on the street.

1.3 Million Got Disability for ‘Mood Disorders’—Including 33% of Beneficiaries in Puerto Rico

The Social Security Administration released its annual statistical report on federal disability insurance last month, revealing that at the end of 2011 there was a then-record of 8,575,544 workers collecting federal disability benefits and among them were 1,304,851 doing so because they suffered from “mood disorders.”

Cuba campaign takes on ‘free’ health care 

“It’s interesting that the health care system, which has always been touted as a basic human right, is now being put into market terms,” said Burke, a medical anthropologist who makes yearly research trips to Cuba. “That says so much about Raul’s market reforms and the ideology … informing that. It’s a real shift, a major shift in the way of thinking about health care.”

Researchers Find Mysterious New AIDS-Like Disease 

Researchers have identified a mysterious new disease that has left scores of people in Asia and some in the United States with AIDS-like symptoms even though they are not infected with HIV.

The patients’ immune systems become damaged, leaving them unable to fend off germs as healthy people do. What triggers this isn’t known, but the disease does not seem to be contagious.

Food shortages could force world into vegetarianism, warn scientists 

Water scarcity’s effect on food production means radical steps will be needed to feed population expected to reach 9bn by 2050

Economist: Approving Keystone pipeline better for oil prices than releasing strategic reserves

“If the administration had not blocked construction of the Keystone Pipeline for the last four years, every year we could have been delivering an additional 180 million barrels of oil  to refiners on the U.S. Gulf Coast,” he said to TheDC News Foundation.

“That would be much more likely to have an impact than would another symbolic release from the SPR,”

America’s Descent into Poverty

The United States has collapsed economically, socially, politically, legally, constitutionally, and environmentally. The country that exists today is not even a shell of the country into which I was born. In this article I will deal with America’s economic collapse. In subsequent articles, i will deal with other aspects of American collapse.

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Not exactly the 99%: Top union leaders’ salaries

By: admin
Published: August 23rd, 2012

From Washington examiner

by Sean Higgins

Advocating for the working man doesn’t pay too poorly, it seems. Here’s a list of the annual salaries and benefits earned by the nation’s top labor officials, according to the Labor Department. This data is based on 2011 filings:

AFL-CIO President Richard Trumka – $293,750.

National Education Association President Dennis Van Roekel – $460,060

Service Employees International Union President Mary Kay Henry – $290,334.

American Federation of State, County & Municipal Employees President Gerald McEntee – $512,489.

International Brotherhood of Teamsters President James P. Hoffa , Jr. – $372,489.

American Federation of Teachers President Randi Weingarten – $493,859.

International Association of Fire Fighters President Harold Schaitberger – $323,811.

American Federation of Government Employees President John Gage – $198,690. (Gage retired this month)

United Food and Commercial Workers President Joseph Hansen – $361,124

That’s still not in the the league of most top corporate executives, but it’s not bad. Interesting to note too that Trumka, who leads the largest coalition of unions, is on the lower end of the scale.

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You Didn’t Win Those…

By: admin
Published: August 23rd, 2012

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