E-reader News Edition
com
Liberal millionaires to US: Please hike my taxes
Kim Dixon (Front Row
Washington)
Submitted at 11/22/2010 3:51:11 PM
Nov 22, 2010 16:51 EST
Some liberal millionaires are
putting their money where their
mouths are: they are calling on
Democrats to stay true to their
word and allow the Bush-era tax
cuts for the wealthiest to expire
next year.
Joining the likes of Warren
Buffett and George Soros, a new
crop of rich folks calling
themselves “patriotic
millionaires” want President
Barack Obama and congressional
Democrats to raise their taxes to
levels before former President
George W. Bush cut them in
2001.
“We have done very well over the
Washington Extra – Bad behavior
Simon Denyer (Front Row
Washington)
Submitted at 11/22/2010 5:40:17 PM
[ fivefilters.org: unable to retrieve
last several years,” about 50
millionaires including several
early Google Inc. executives and
the founder of IAC’s Ask.com,
say in a letter to leaders. “We
don’t need more tax cuts, and we
understand that cutting our taxes
will increase the deficit and the
debt burden carried by other
taxpayers.”
Obama wants to let lower tax
rates expire above the first
$200,000 of an individual’s
income but has been clashing with
Republicans, and some in his own
party, in Congress on a deal to
prevent all taxpayers from seeing
hikes on January 1.
The group is asking policymakers
to extend the higher rates for
those making more than $1
million. New York Democratic
Senator Chuck Schumer has
full-text content]"We will not be revelations that the world's most
drawn into rewarding North reclusive state showed off its
Korea for bad behavior," State latest...
Department spokesman P.J.
Crowley said today, after
- 23/11/10
suggested that benchmark, as
have some others.
“They felt comfortable speaking
for themselves and their income
bracket,” a spokeswoman for the
group said.
The group says it will make
http://www.LibertyNewspost.
dozens of phone calls to lobby
Obama, House of Representatives
Speaker Nancy Pelosi and Senate
Majority Leader Harry Reid.
Obama’s rhetoric in defense of
letting the rates rise has changed
over the past year. Instead of
Drunken Slanted Stemware - The Alvaro
Uribe 'Tipsy' Wine Glass Optimizes
Scent and Savor (GALLERY)
(TREND HUNTER - The Latest
Trends)
Submitted at 11/23/2010 1:48:02 PM
( TrendHunter.com) The
delightful design of this Alvaro
calling the rich ‘fat cats,’ he has
been increasingly citing the
impact on the burgeoning budget
deficit.
Republicans want to extend
lower rates on all tax groups and
threatened to block a deal in the
Senate where some conservative
Democrats have sided with them.
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Five Filters featured article:
Beyond Hiroshima - The Non-
Reporting of Falluja's Cancer
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Uribe 'Tipsy' wine glass might
make you feel a little drunk when
looking at it. The canted chalice
has been orchestrated in such a
way that the tumbler sits slanted...
2 Headline/ Business/ E-reader News Edition

Barbara Bush says Sarah Palin should
stay in Alaska
Steve Holland (Front Row
Washington)
Submitted at 11/22/2010 5:00:59 PM
Nov 22, 2010 18:00 EST
Former President George W.
Bush has carefully steered around
the subject of Sarah Palin during
interviews about his memoir. But
his mother, Barbara Bush, aka the
“Silver Fox,” is showing no
restraint.
“I sat next to her once,” Mrs.
Bush told CNN’s “Larry King
Live” in an interview that also
included her husband, former
President George H.W. Bush.
“Thought she was beautiful. And I
think she’s very happy in Alaska
— and I hope she’ll stay there.”
Palin is weighing a run for the
2012 Republican presidential
nomination,telling ABC’s Barbara
Walters last week that she thinks
she could defeat President Barack
Obama. She has a book, “America
by Heart,” coming out Tuesday
and is starring in a reality TV
show, “Sarah Palin’s Alaska.”
A Quinnipiac University poll
released on Monday showed a
close contest between potential
Republican candidates for 2012,
with Palin gaining 19 percent to
18 percent for former
Massachusetts Governor Mitt
Romney and 17 percent for
former Arkansas Governor Mike
Huckabee.
Photo Credit: REUTERS/
Jonathan Ernst (Barbara Bush
with son George at n the deck of
the US Navy aircraft carrier USS
George H. W. Bush at Naval
Station Norfolk, Virginia)
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Industrial Designer Carl Gustav
Magnusson: "Design Is Function
With Cultural Content."
Fast Company staff (Fast systems furniture. Teknion also is
Company) the publisher of the Design Does
Submitted at 11/23/2010 1:47:28 PM Matter book, now in its third
edition, featuring essays from top
Industrial designer Carl Gustav designers and design thinkers.
Magnusson has been inspired by The Design Does Matter concept
automobile design since he was was developed for Teknion by
12, working such motifs into San Francisco designer Michael
lamps and other office furniture. Vanderbyl of Vanderbyl Design,
Why cars? "Everything that I do who has articulated what Teknion
has a certain mechanical logic to stands for in every media from
it, and follows my definition of print collateral to showrooms to
design--which is function with digital presence. This year's
c u l t u r a l c o n t e n t . " H e r e , Design Does Matter films were
M a g n u s s o n e x a m i n e s h i s produced by Kris Johnson, an
definition of design in greater independent producer based in
detail. San Francisco.
[twistage 18a0d1fd6c0f3] Read more about Innovation
The Design Does Matter video Agents
series is produced by Teknion,
creator of award-winning office

Alcoa Hurt by Aluminum Oversupply Concerns

Brent Archer (BloggingStocks)
Submitted at 11/23/2010 3:00:00 PM
Filed under: Bad News, Alcoa
Inc (AA), Japan, Options,
Technical Analysis Alcoa ( AA-
option chain) stock is trading
lower with other aluminum stocks
this morning on reports that
premiums for aluminum
shipments to Japan will likely fall
during the first quarter of 2011. A
report stated that analysts believe
aluminum premiums are already
in a downtrend and could dip as
much as 10%. If you think this
stock won't be rising too far in the
coming months, then it could be a
good time to look at a bearish
hedged play on AA.
This morning, AA opened at
$13.10. So far today the stock has
hit a high of $13.14 and a low of
$12.96. As of 12:30, AA is
trading at $12.99, down $0.30 (-
2.3%). The chart for AA looks
bullish and S&P gives AA a
positive 4 STARS (out of 5) buy
ranking.
Continue reading Alcoa Hurt by
Aluminum Oversupply Concerns
Alcoa Hurt by Aluminum
Oversupply Concerns originally
appeared on BloggingStocks on
Tue, 23 Nov 2010 15:00:00 EST.
Please see our terms for use of
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Comments
E-reader News Edition
Why Is America Still Wasting A Ton Of Money On Ethanol
Subsidies?
Robert Rapier (Business
Insider)
Submitted at 11/23/2010 2:12:00 PM
(This guest post previously
appeared at The Oil Drum, and is
licensed under a Creative
Commons Attribution-Share
Alike 3.0 United States License.)
It has been interesting to watch
the flurry of ethanol rhetoric since
the recent elections. With the
$0.45 per gallon subsidy (called
the VEETC) and the ethanol
tariffs both set to expire at the end
of next month, both sides feel that
there is a lot at stake, and they
have really ramped up the
rhetoric. One side will claim that
ethanol is the greatest thing since
sliced bread, then the other side
claims it is an environmental
disaster. Around and around the
claims go. Misinformation
abounds.
Mortgaging the Future
I am not going to argue in this
essay that U.S. ethanol policy is
good or bad, but I am going to
argue that extending the VEETC
is fiscally irresponsible. There are
a couple of issues that influence
my thinking on this: (1) I think
governments need to be better
stewards of taxpayer dollars; and
(2) I hate waste.
Over the past decade, the U.S.
has been on a spending binge,
spending far more money than we
have collected in tax revenues.
That means that we are burdening
our children with debt. I believe
this is incredibly selfish and
irresponsible. We are supposed to
work to improve the future for our
children, not sabotage it. So my
view is that when we spend tax
dollars, we need to have a very
good reason for doing it.
The Bills Our Children Have to
Pay
I also hate waste. Wasted food,
energy, money, time – I loathe
them all. So any time I see
wasteful government spending
that mortgages the futures of the
next generation, I am determined
to fight it.
If, however, I thought that the
VEETC was actually doing
something to improve the
prospects for future generations, I
would suggest that it was money
well spent. But I don’t think that’s
what it does at all, for reasons I
will get into below.
The Redundant Subsidy
To review, here is where things
stand. There are two pieces of
legislation set to expire at the end
of this year. One is the $0.45 per
gallon subsidy (called the
VEETC) that is paid to oil
companies to blend ethanol into
gasoline. Because the oil
companies are also mandated to
blend ethanol, the subsidy is
mostly redundant. That is, we are
Business/ 3
want to see it maintained to
protect their market. For a more
detailed look at the issues around
the tariff, see Implications Of The
U.S. Ethanol Tariff.
I believe that the ethanol lobby
recognizes that they don’t really
need the VEETC with the
mandate in place. After all, we
had subsidies for 30 years, but the
explosive growth in the industry
only happened once the
Renewable Fuel Standard (RFS)
was passed into law in 2005. The
RFS meant that it was no longer
optional for the oil companies to
blend ethanol; they were
compelled by law to do it.
Following the passage of the
RFS, ethanol use exploded,
tripling in 5 years following
passage of the Energy Policy Act
of 2005. In fact, growth was so
paying a subsidy for something fast that ethanol producers
that is already being compelled by produced too much ethanol. So
law. As I have argued before, it is they went back and lobbied
like paying people to obey speed Congress to increase the amounts
limits. I don’t know too many that oil companies were mandated
people who would think it is a to blend. Originally scheduled to
good idea to borrow money from blend 7.5 billion gallons of
our children so we can give it ethanol by 2012, the new schedule
back to their parents for obeying increased the blend amount to
traffic laws. (You can find a more o v e r 1 3 b i l l i o n g a l l o n s o f
detailed discussion on the VEETC conventional (corn) ethanol by
here). 2012 and 15 billion gallons of
The second piece of legislation is corn ethanol by 2015.
an ethanol tariff that is applied to The Subsidy Protects the Tariff
ethanol entering the U.S. market. So if the RFS accomplished what
Brazilian producers want to see the VEETC was intended to
that tariff removed to open up the accomplish, why is the ethanol
U.S. market, and U.S. producers WHY page 4
4 E-reader News Edition
WHY
continued from page 3
lobby so concerned about seeing
the VEETC extended? What I
think they fear is that since a cited
justification for the ethanol tariff
is that it prevents foreign ethanol
producers from benefiting from
tax credits for U.S. producers, if
the tax credit goes away then so
does that cited justification of the
tariff. Then, corn ethanol has to
compete against imports. This is
something that corn ethanol
producers do not want, so they
lobby to keep the VEETC, which
then gives them cover to argue to
keep the tariff.
Shifting Strategies
It has been interesting to watch
the shifting strategies of the
ethanol lobby. Initially, they
distanced themselves from the
VEETC, saying that it really
benefited the oil companies.
When it became pretty clear that
the oil companies couldn’t care
less, they started talking about
jobs, foreign oil, etc. All of that
was irrelevant with respect to the
VEETC, because the mandates
ensured that any benefits (e.g.,
displaced imports) would occur
with or without the VEETC in
place. Later there was some
dissension in the ranks, when
Growth Energy suggested(as I had
long suggested) that perhaps the
subsidy no longer serves the
function it was designed for, and
perhaps some thought should go
into using some of that money for
developing infrastructure for E85.
Lately, however, their argument
goes like this:
Unlike most subsidies the ethanol
blenders tax credit does not go
upstream to ADM or stay with the
blender. IT GOES TO THE
CONSUMER @ the rate of 4.5
cents in savings for every gallon
of e10 they buy. It’s simple, just
follow the money.
One thing I wanted to comment
on is that these are clearly talking
points that one of the ethanol
lobbying groups has sent out.
How do I know? They once sent
out talking points related to
something I wrote, and they had
the same characteristics. People
suddenly start to show up
parroting the same line of defense.
I have now seen the above
argument — in almost identical
style and making the same claims
— popping up in lots of places
where people are critical of the
ethanol subsidies. The idea is to
simulate this big, grassroots
movement in favor of continuing
the subsidy. But the comments are
so similar, it is clear that this was
organized.
Subsidizing Consumption
So how about the claim, that the
VEETC slightly lowers gasoline
prices? Actually, I agree with it.
One thing the subsidy does is
subsidize the price of gasoline. So
it can be argued that some or even
all of the savings passes through
to consumers. In fact,
ExxonMobil recently said as
much to me:
ROBERT RAPIER: What is your
position on the expiration of the
VEETC at the end of the year? Do
you object to that expiring?
Would you be happy to see that
expire? What’s your view?
MR. SPELLINGS(XOM
spokesman): I think we would be
content for it to expire. We do not
see ourselves as the beneficiary of
that subsidy. We think in the
marketplace today, that subsidy
probably flows through to the
consumer. We do not see how it’s
a subsidy that benefits us or a
subsidy that benefits ethanol
refiners or farmers that produce
the corn, although some folks
continue to think that this is a
subsidy that benefits either
ethanol producers or corn
producers.
So let’s agree that the subsidy, at
a taxpayer cost next year of $6
billion, will flow through to
consumers. Now I ask you, why
on earth is it a good thing to hit all
taxpayers with a $6 billion bill
(again, borrowing money from
our children) only to subsidize
fuel consumption for motorists?
Why is it fair for a person who
doesn’t drive to subsidize the fuel
of those who do? Or for those
who are very fuel efficient to
subsidize those who are not?
I believe with every fiber of my
being that WE SHOULD NOT
SUBSIDIZE CONSUMPTION
OF A DEPLETING RESOURCE.
If the subsidy lowers the price of
gasoline, it encourages
consumption. That is the exact
opposite of what we should be
doing, and therefore the worst
possible reason for extending the
subsidy. We are not only
mortgaging the next generation’s
future, but the money we are
using to do so will cause us to
consume resources that will put
them at an additional
disadvantage.
The Cost of Discretional
Blending
So what about the argument that
the subsidy encourages gasoline
producers to blend more than they
are legally required to blend? This
is the essence of the argument that
chief ethanol lobbyist Bob
Dinneen used recently when he
talked about extending the
subsidies without having a debate:
Bob Dinneen: In the absence of
the tax incentive discretionary
blending evaporates. With more
than 2 billion RINs through the
RFS program that are out on the
marketplace, they would quickly
be bought up by refiners. So
there’s no question that in the
absence of the tax incentive
demand for ethanol will fall.
So let’s take that one on. What
this means is that ethanol
producers have overproduced
ethanol to the tune of 2 billion
gallons. (Remember, the last time
they overproduced, ethanol
producers lobbied for and
received a new RFS schedule that
benefited them). It means in 2011,
for instance, that gasoline
producers could buy and blend 2
billion gallons less ethanol
(actually it is more like 1.4 billion
gallons since the mandate
increases in 2011) than the
mandate requires. So if removal
of the subsidy caused ethanol to
be more expensive per unit of
energy than gasoline — almost a
certainty since it is more
expensive than gasoline today —
then demand for ethanol would
indeed fall.
So what? Is it the fault of the
taxpayer that ethanol producers
produced more than the legal
requirement? Should we be in the
business of encouraging
overproduction, or protecting
industries who overproduce from
the consequences of doing so?
Further, what is the price that we
are being asked to pay? In 2011, it
would amount to around $6
billion to protect 2 billion gallons
of ethanol. Really? Someone can
seriously suggest that we should
pay a subsidy equivalent to $3 per
gallon of ethanol (on top of the
cost of the ethanol!) just to make
sure ethanol demand doesn’t fall?
Preposterous.
Too Late for Debate?
Incidentally, what about
Dinneen’s argument that it is
simply too late in the year to
debate the issue, and therefore the
default position should be to
extend the credits?
Bob Dinneen: You can’t have
that in the week or two that you’re
going to have in a lame duck
session. So they can extend this
tax incentive with, you know, a
stroke of the pen, a little bit of
Whiteout, just change the date.
That’s what they need to do this
year and let’s have a robust
discussion about future biofuels
tax policy and make sure we’re
thinking about it in terms of
what’s the best policy to promote
cellulosic ethanol?
The problem with that is that
Dinneen wasn’t interested in
debating that issue earlier this
WHY page 8
E-reader News Edition
INSTANT MBA: In All Forms Of Communication, Including
Emails And Presentations, Less Is More
Eunju Lie (Business Insider)
Submitted at 11/23/2010 2:05:19 PM
Today's lesson comes from
entrepreneur turned venture
capitalist Mark Suster.
"Minimalism beats clutter.
Substance trumps verbosity. For
years I’ve been offering advice on
how to better communicate and
for years I’ve seen most people
commit the same universal
mistake: including too many
details.
Less is more effective. Less has
more impact. Less actually takes
more effort. There are so many
instances in the business world
where less is more that I’d
encourage you to always ask
yourself whether this might
actually be the case in your
situation. This includes emails,
phone calls, elevator pitches,
presentations, products, resumes,
training manuals, you name it.
Remember the adage: when in
doubt, leave it out."
Want your business advice
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6 Business/ Politics-Left/
Israeli Military Using Facebook To Find Draft Dodgers
Neal Ungerleider (Fast
Company)
Submitted at 11/23/2010 2:23:10 PM
The Israeli Defense Forces'
newest methods to hunt down
draft dodgers? Data mining and
creative Facebook tricks.
The Israeli military has stumbled
on a novel way of busting draft
dodgers: checking out their
Facebook profiles. According to
the Israeli Defense Forces (IDF),
1,000 women were found falsely
posing as orthodox Jews after
photos and information on their
profiles indicated otherwise.
According to Israeli law,
orthodox women are exempt
from a military draft that effects
most individuals in the country.
Ultra-orthodox male Jews and
members of Israel's Arab
minority are also exempt from
military service.
During hearings in the Knesset,
the Israeli parliament, on
Monday, Brig. Gen. Amir
Rogovsky told parliamentarians
about the IDF's embrace of social
media to catch purported draft
dodgers. Six separate offices are
involved in the task of looking
for women who falsely claim to
be religious. These offices use a
variety of data mining techniques
to parse the Facebook profiles of
potential suspects.
The methods used by the IDF
were, frankly, rather ingenious.
The Charnel Continent
Istvan Deak (The New Republic
- All Feed)
Fake party invitations for events
taking place on Friday night were
sent to individuals under
investigation. Recipients who
marked their replies as
“Attending” or “Might Be
Attending” were summoned into
questioning as orthodox Jewish
women are expected to observe
the sabbath. Other women
avoiding military service were
found through more conventional
methods; one woman was
summoned after a photo on
Facebook showed her holding a
Bloodlands: Europe Between
Hitler And Stalin
menu from a non-kosher
restaurant.
It is unknown whether the IDF
set up fake accounts to friend
individuals under investigation or
whether Israeli teenagers (like
teenagers everywhere) are
particularly poor at understanding
Facebook privacy settings.
However, the party invitations
appear to suggest that fake
accounts were created by IDF
investigators.
Orthodox women who receive an
exemption from military service
By Timothy Snyder
(Basic Books, 524 pp., $29.95)
E-reader News Edition
waiver in addition to Israeli-Arab
women.
The most interesting factor in all
of this is that the news that the
IDF is actively involved in data
mining social media sites.
According to official IDF
magazine BaMahachne, an
investigative division within
Military Intelligence's Department
of Information Security actively
searches through Facebook,
Twitter, MySpace and other social
networking sites. The Associated
Press also interestingly claims
that the same division “reviews
transcripts of hundreds of senior
officers' conversations, to ensure
they are not speaking to
journalists without authorization.”
No further information was given.
Israel's military has had an
ambivalent relationship to
Facebook in the past. This week
pro-Palestinian Web activists
in Israel are required to sign a
placed a list online containing the
declaration stating they maintain
personal details of 200 soldiers
a “religious lifestyle,” do not
who fought in the 2009 Gaza
travel on the sabbath and do not
conflict, using material partially
eat non-kosher foods.
obtained on the site. Back in
All of the women found by the
August, former Israeli soldier
IDF's investigators to be falsely
Eden Abergil also caused an
claiming the religious exemption
international incident when she
were called up to military
posted pictures of her humiliating
service. According to the
Palestinian detainees with
Jerusalem Post, no legal charges
humorous captions on Facebook
were bought up against any of
as well.
them. Thirty-five percent of
Israeli women receive army
exemptions under the orthodox
E-reader News Edition
Acer's Tablet Onslaught Revealed, Includes Giant Dual-Screen
iPad Rival
Kit Eaton (Fast Company)
Submitted at 11/23/2010 2:04:05 PM
Acer, hottest ticket in the netbook
game, has just revealed it's not
going to sit idly by while Apple's
iPad eats its dinner: It's got a wide
range of tablets inbound,
including a dual-screened half-
laptop/half-tablet iPad rival.
At a press event today, Acer has
just revealed in detail its plans to
tackle the tablet/slate PC market
with a broad range of products
designed to rival Apple's iPad.
The company's tablet onslaught is
possibly the most concerted effort
that anyone--including Apple--has
made yet to capture the broadest
possible range of the nascent
tablet market: Acer plans to
release a 5-inch (larger than
iPhone-size) smartphone, a 7-
incher (Samsung Galaxy Tab size)
one and a 10-inch version
(pitched to compete with the
iPad's large screen estate, which
many commenters still think leads
the pack). The smartphone is
going to sport a massive-sounding
8 megapixel unit and will arrive in
April 2011, and Acer's positioned
Rainbow-Happy Sneaks - The Special Edition Haroshi Nike Dunk
Makes Your Feet Look Happy (GALLERY)
(TREND HUNTER - The Latest
Trends)
Submitted at 11/23/2010 2:14:02 PM
it very carefully as "100%
smartphone, 100% tablet" so we
can guess they're chasing both the
iPhone and iPod Touch. While the
10-inch tablet--also due in April--
will have a smaller 5-megapixel
camera on the back, but a 1GHz
Tegra 2 CPU/GPU solution that
will likely keep its costs down.
We don't yet know the specs for
the iPhone and iPad revisions due
in 2011, of course, but the
( TrendHunter.com) The Haroshi
Nike Dunk sneakers are a very
artistic and creative pair of shoes
decked out in colorful rainbow
smallest Acer "tablet" would seem
pitched to compete with the
iPhone and iPod Touch--and
probably take them on a good run
for their money--while the 10-
incher sounds like a poor rival to
this year's iPad (since we're
expecting a faster CPU and twin
camera's in 2011's iPad 2) though
it'll probably have a very low
price and Google's tablet-friendly
version of Android will help.
stripes and specially-made
Business/ Technology/ 7
unfriendliness via a custom UI.
It's tagged as offering "a personal
approach to personal computing"
with the two screens able to be
configured either as a
conventional notebook, with
touch keyboard, or a more
interesting dual-display tablet.
We've seen similar ideas from
Toshiba and Kno before, but the
Toshiba Libretto W10 0 was
stymied by a limited edition status
and small screens, and the Kno
hasn't surfaced as a viable product
yet: The Iconia is scheduled for a
mid-January arrival at a cost of
about $2,300.
Of course Apple's iPad 2 is
expected to be revealed at about
the same time as the Iconia, and
The thing that's most intriguing will likely go on sale before the
though is Acer's dual-screen clutch of smaller Acer offerings,
tablet. It's the Iconia, a twin-14- so we'll have to watch the
inch-touchscreen leviathan of a situation closely to see if-- as
computer, half-laptop and half- rumors suggest--the merest hint of
tablet. The Iconia would seem to the iPad 2 suppresses the success
be Acer's attempt to reconcile the of its competition.
t w o p a r a d i g m s o f p e r s o n a l To keep up with this news, and
computing that are in such more like it, follow me, Kit Eaton,
dramatic collision at the moment, on Twitter.
and neatly side-stepping the
problems of Windows 7's touch-
actually made from decks
belonging...
features. These sneakers are
8 Business/ Technology/ E-reader News Edition
WHY
New Spinal Implant Could continued from page 4

year either. He could have been mongering on the horrible

Revolutionize Physical Therapy proactive and said “Let’s have
that discussion.” Instead, he has
consequences of not extending the
tax credits, and you have the stale,
Neal Ungerleider (Fast surgeons were uncomfortable simply repeated the mantra all backward-looking strategy that he
Company) with inserting more than one into year that the tax credits should be has used for years. I say enough.
Submitted at 11/23/2010 1:47:35 PM a patient. Infection and hygiene extended. When Growth Energy If it is too late to have a debate,
concerns also surround current tried to have that debate way back then don’t ask taxpayers for $6
A new implantable microchip spinal implants. in July, Dinneen wasn’t billion. We are broke.
the size of a child's fingernail has The bulkiness reduction in the interested. His response to their In the next post, we will examine
been proven to help the disabled new implant is significant and proposal was: the possibility that part of the
exercise their leg muscles. The praiseworthy: Current implants “Now is not the time to add VEETC is going toward
Active Book chip, developed in that stimulate spinal nerves have uncertainty and complexity to the subsidizing exports.
Britain, could just replace the use to be connected via cable to an energy tax debate,” said Bob This post was published at The
of electrodes for moving outside power source, which Dinneen of the Renewable Fuels Oil Drum >
immobile legs in physical therapy. usually consists of a muscle Association. “Losing the tax Join the conversation about this
The chip is implanted in patients' stimulator separately implanted incentive will shutter plants and story »
spinal canals and integrates in the user's abdomen. This is the cost tens of thousands of jobs.”
electrodes and a muscle stimulator first spinal implant that also So it should be clear that Dinneen
into a single, tiny unit. includes a muscle stimulator. isn’t interested in having a debate.
Developers named the product the
College London, who is the leader Apart from the size reduction, His strategy is to stall, delay, and
Active Book due to the implant's
of the research team that this also means better results are then claim it is too late for debate.
shape: The Active Book consists likely. Top it off with a bit of fear-
developed the Active Book, “The
of a silicon chip attached to tiny Demosthenous' team at 45 Crocodile Fashion
work has the potential to
electrodes made out of platinum University College London
foil that then wrap around
stimulate more muscle groups
developed the Active Book along
Features - From Crocodile
than is currently possible with Skin Sneakers to $50,000
patient's nerve endings. Viewed
existing technology because a with engineers from Germany's Chic Cartoony
with a microscope, the effect
number of these devices can be Freiburg University and the Collections - The Purple Crocodile Coats
looks quite like the pages of a University of Cork in Ireland. Cloth Holiday 2010 Line (CLUSTER)
implanted into the spinal canal
book are folded over the nerve The implant was developed over
[…] Stimulation of more muscle
endings.
groups means users can perform the past three years with funding Channels Minnie Mouse (TREND HUNTER - The Latest
While previous attempts at by the British Engineering and (GALLERY) Trends)
enough movement to carry out
muscle-stimulating spinal Physical Sciences Research (TREND HUNTER - The Latest Submitted at 11/23/2010 2:00:01 PM
controlled exercise such as
implants have been tried before, Council (EPSRC). Trends)
cycling or rowing.” ( TrendHunter.com) If you're one
the vast majority have been bulky The silicon microchip used in the
Other possible uses for the of the people who believes that
and difficult to implement in real-
implant include the possibility of implant is hermetically sealed to Submitted at 11/23/2010 2:26:02 PM
world situations. The Active prevent water penetration and any ( TrendHunter.com) Since I truly crocodiles belong on purses just
using multiple implants in one as much as they do in swamps,
Book's small size means that it possible corrosion. believe that there's a little Minnie
patient to help the disabled with then these crocodile fashion
will be far easier to implant into Pilot testing of the implant will in each of us gals, the Purple
restoration of bladder or bowel features are for you. Some may
users' spines. begin in 2011. Further details on Cloth Holiday 2010 collection
control. The size of previous think it is unethical to hunt...
According to Dr. Andreas the tests were not available as of will surely appeal to a variety of
implants meant that doctors and
Demosthenous of University press time. women on many different levels.
From cutesy to classy,...
E-reader News Edition
Apple Sells 2 Million Beatles
Songs, 450,000 Albums In
One Week (AAPL)
Jay Yarow (Business Insider)
Submitted at 11/23/2010 2:14:42 PM
While many people ( ourselves
included) scoffed at all the hype
for Apple getting the Beatles, it
seems to be working out well for
both parties.
Apple has sold 2 million Beatles
songs, and 450,000 albums after
one week in iTunes, Billboard
reports.
That's a pretty decent total
considering most Beatles fans
probably already have the Beatles
in some capacity -- be it on
record, CD, or ripped from CD to
mp3.
Beyond the sales figure, Peter
Kafka at All Things D points out
Apple gets to use Beatles songs in
advertisements for iTunes. That's
pretty valuable as a standalone
proposition.
See Also: 5 Huge Musicians
Holding Out On iTunes
Join the conversation about this
story »
See Also:
• The Beatles Coming To iTunes
May Have HUGE Significance To
The Overall Stock Market
• The Beatles Finally On Sale At
iTunes
• Apple's Big Announcement:
Beatles On iTunes
Chevron: Time to Take
Some Profits off the
Table?
Joseph Lazzaro
(BloggingStocks)
Submitted at 11/23/2010 2:30:00 PM
Filed under: Chevron Corp
(CVX), Stocks to Buy
Chevron's ( CVX) shares, first
discussed here on February 15,
2009, at a price of $66.18, burst
higher this fall, finally ending a
long period of doldrums and
volatility that many refiners
displayed during the gasoline
demand slump.
In fact, with CVX testing $88,
now may be a good time to
consider taking some profits off
the table with Chevron.
Further, assuming no more
irregular events (such as oil spills)
in the oil sector, look for
Chevron's production to increase
from its current 2.75 million
barrels per day (bpd) by about 2%
Internal Divisions Mask External Unity
(AEI.Org: Articles)
Submitted at 11/22/2010 5:00:00 PM
Sorry, Readability was unable to
parse this page for content.
This entry passed through the
Full-Text RSS service — if this is
your content and you're reading it
to 2.5% per year through 2012.
Meanwhile, its reserve
replacement rate remains
adequate.
Continue reading Chevron: Time
to Take Some Profits off the
Table?
Chevron: Time to Take Some
Profits off the Table? originally
appeared on BloggingStocks on
Tue, 23 Nov 2010 14:30:00 EST.
Please see our terms for use of
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Five Filters featured article:
Beyond Hiroshima - The Non-
Reporting of Falluja's Cancer
Catastrophe.
Business/ Policy/ 9
Whoopi Tells Bill
O'Reilly She Walked Off
'The View' Because "I
Crossed The Line"
Glynnis MacNicol (Business
Insider)
Submitted at 11/23/2010 2:24:00 PM
During her interview on the
O'Reilly Factor tonight (a rather
pleasant sounding) Whoopi
Goldberg tells Bill O'Reilly that
she walked off the set of the View
last month because she "crossed
the line...I heard myself saying
something I had no business
saying" and "I had to get out of
there." Presumably she is
referring to pat where she said
"that is such bullsh*t.”
As for trash talking O'Reilly after
he left the set...apparently nothing
beyond what was said on air was
voiced backstage. Watch below.
Join the conversation about this
story »
10 Business/ News Wire/ Economy/
Comcast's Slow Climb
Continues
Joseph Lazzaro
(BloggingStocks)
Submitted at 11/23/2010 3:30:00 PM
Filed under: Comcast Cl'A'
(CMCSA), Stocks to Buy Cable/
communications giant Comcast
Corporation ( CMCSA) took the
long way home, to quote
Supertramp, to get to $20, but it's
arrived.
Comcast, which I first wrote
about on April 22, 2009 at a price
of $14.05 will likely post a 2010
revenue increase of 5-7%, with a
similar increase in 2011,
propelled higher by increased
multi-service customers, higher
video services revenue, and a
rebound in advertising revenue.
Margins should improve slightly.
Comcasts' most compelling
metric? Subscribers: 22.9 million
video, 16.7 million high speed
Cargo area at Boston airport evacuated
(Reuters: Top News)
Submitted at 11/23/2010 12:58:44 PM
BOSTON| Tue Nov 23, 2010
1:58pm EST
BOSTON(Reuters) - A cargo
area and about 25 staff at Boston's
Logan International Airport were
evacuated on Tuesday after the
discovery of two suspicious
packages, authorities said.
An airport spokesman said two
duffel bags with Nigerian
E-reader News Edition
Will TiVo Pop or Drop
After Its Q3 Report?
Elizabeth Harrow
(BloggingStocks)
Submitted at 11/23/2010 2:00:00 PM
Filed under: Earnings Reports,
Options, Technical Analysis The Weirdest Idea From
Television titan TiVo ( TIVO) The FOMC Minutes:
will step into the earnings Bernanke Might Start
internet, and 8.4 million digital spotlight after tonight's closing SATS) and Dish Network (
Giving Press Conferences
p h o n e . C o m c a s t h a s a l s o bell, with Wall Street looking for DISH) took an ugly turn in the
formalized its plan to buy a 51% a third-quarter loss of 17 cents per courtroom, and the stock has yet Gregory White (Money Game)
joint-venture stake in NBC share -- wider than TiVo's year- to recover. Submitted at 11/23/2010 1:38:02 PM
Universal ( GE), which will ago deficit of 6 cents per share. Continue reading Will TiVo Pop
contribute programming. The firm has been on a hot streak or Drop After Its Q3 Report? In the latest step to make the Fed
Continue reading Comcast's Slow with its quarterly reports, having more "transparent," the FOMC is
Will TiVo Pop or Drop After Its
Climb Continues exceeded analysts' consensus discussing the possibility that the
Q3 Report? originally appeared
Comcast's Slow Climb Continues earnings expectations in each of on BloggingStocks on Tue, 23 Fed Chairman, Ben Bernanke,
o r i g i n a l l y a p p e a r e d o n the last three reporting periods. Nov 2010 14:00:00 EST. Pleasemight start giving press briefings
BloggingStocks on Tue, 23 Nov However, the equity's technical (HT Hedgeye).
see our terms for use of feeds.
2010 15:30:00 EST. Please see p e r f o r m a n c e i s n ' t q u i t e s o From the FOMC Minutes:
Permalink| Email this| Comments
our terms for use of feeds. impressive. The shares took a dive Participants discussed whether it
Permalink| Email this| Comments earlier this month after TiVo's might be useful for the Chairman
patent dispute with EchoStar ( to hold occasional press briefings
to provide more detailed
information to the public
regarding the Committee's
assessment of the outlook and its
addresses were being X-rayed and *We welcome comments that those of Reuters. policy decision making than is
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The Massachusetts State Police relevant tangential information. Full-Text RSS service — if this is post-meeting statements.
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areas at the airport. the comments do not represent
E-reader News Edition Top News/ Economy/ 11

Hit by AIDS, Africa welcomes Pope's condom message (AP)

(Yahoo! News: Most Viewed) positive impact ... Catholics Nelson Mandela Foundation, assuming moral responsibility "in as sanctioning condom use in
Submitted at 11/23/2010 1:29:45 PM consider the Pope infallible. He applauded the pope Monday, the intention of reducing the risk many risky situations, even before
cannot err in what he's teaching. saying "condom use is essential in of infection." the Vatican amplified the
NAIROBI, Kenya – From clerics That way, they will now be able the fight against HIV. This could have a big effect in remarks.
to AIDS activists, Africans to use condoms, and I can see While some church leaders in Africa, where nearly 20 percent of "I think it's good as a lifesaving
applauded Pope Benedict XVI's further decline in the AIDS Africa disagreed with the new the continent's 1 billion people are device, especially for married
suggestion that condoms could be epidemic." approach and others said they are Catholic. couples when one of them has
used in limited situations to Sheila Tlou spoke with The waiting for an official church Caroline Nenguke of the HIV and they want to continue the
protect partners — a shift that Associated Press during a meeting communique, Bishop Valentine Treatment Action Campaign, an marriage," Oluwarotimi said. "It
could make a dramatic impact in a Tuesday in Johannesburg in Seane, the leader of Botswana's advocacy group for people with is also good for the youths who
continent that is both battling an which UNAIDS announced a 70,000 Catholics, said he is open HIV, said more people will now still indulge in sins."
HIV pandemic and is the fastest- nearly 20 percent drop in new to the idea of condom use. accept the use of condoms, saving But Rev. Venicious Reeves, a
growing region for the Roman HIV infections around the world "The lesser evil is to use available lives. Pentecostal preacher in Monrovia,
Catholic church. over the past decade — largely means of protection," Seane told "He has a wide following and Liberia, disagreed with the pope's
"I say hurrah for Pope Benedict," due to increased condom use. AP. there are some people who take statement about condoms and
exclaimed Linda-Gail Bekker, Tlou, the eastern and southern The Catholic Church rejects the his word as gospel truth," said male prostitutes.
chief executive of South Africa's Africa regional director for use of condoms as part of its Nenguke, whose group is based in "The pope should instead
Desmond Tutu HIV Foundation. UNAIDS and a former Botswana overall teaching against artificial Cape Town, South Africa. "If encourage people he classifies as
She said the pope's statement may h e a l t h m i n i s t e r , s a i d o t h e r contraception. Senior Vatican condom use has more credibility, male prostitutes to get out of
prompt many people to "adopt a churches should follow the pope's officials have advocated fidelity then more people will use prostitution and live in morality,"
simple lifestyle strategy to protect lead. in marriage and abstinence from condoms and therefore infection said Reeves.
themselves." More than 20 million people premarital sex as key weapons in rates will reduce." ___
In comments made public last across Africa are infected with the fight against AIDS. Many others embraced the pope's Associated Press reporters across
weekend, the pope said condoms HIV — more than the rest of the Seane said of the pope's latest new stance. Africa contributed to this report.
could be morally justified in some world combined. comments: "The intention is very Melrosa Williams, a churchgoer Gross reported from
c a s e s , s u c h a s w i t h m a l e In Sierra Leone, the director of important here because it is to in Sierra Leone, said: "I support Johannesburg, South Africa.
prostitutes to prevent the spread the National AIDS Secretariat safeguard one from viruses such what the pope has said 100 This entry passed through the
of HIV. The Vatican went even predicted condom use would now as the pandemic," and not to percent since prevention is better Full-Text RSS service — if this is
further on Tuesday, saying the increase, lowering the number of sanction birth control. than a cure." your content and you're reading it
comments also apply to women. new infections. During a visit to Africa last year, The pope sought to "kick-start a on someone else's site, please read
A b o u t 5 4 p e r c e n t o f t h o s e "Once the pope has made a the pope said condoms are not the debate" when he said some our FAQ page at fivefilters.org/
infected with HIV in Africa are pronouncement, his priests will be answer to the AIDS epidemic and condom use may be justified, content-only/faq.php
women. in the forefront in advocating for even declared that distributing Vatican insiders said on Monday. Five Filters featured article:
R e a c t i n g t o t h e e x p a n d e d their perceived use of condoms," condoms "increases the problem." For many, there is little to debate. Beyond Hiroshima - The Non-
statement, a senior official with said the official, Dr. Brima But in comments made public last In Nigeria, Charles Oluwarotimi, Reporting of Falluja's Cancer
the United Nations AIDS agency Kargbo. weekend, he said using condoms who works in the financial field, Catastrophe.
said: "I think it will have a very Sello Hatang, spokesman for the could represent a first step in interpreted the pope's statements

The Fed Reveals Its Depressing New Economic Outlook

Joe Weisenthal (Money Game) Along with he Fed minutes, the Join the conversation about this
Submitted at 11/23/2010 1:04:00 PM FOMC has revealed its new story »
economic outlook Click here to enlarge
12 Top News/ Culture/ E-reader News Edition

North Korean artillery pounds S.Korean island (AFP)

(Yahoo! News: Most Viewed) Council, diplomats said. speak with his South Korean several messages protesting about separated by the war, were
Submitted at 11/23/2010 1:39:59 PM China -- North Korea's sole major counterpart Lee Myung-Bak to South Korean exercises being shelved.
ally and economic prop -- also discuss the crisis. staged south of the border, a Professor Kim Yong-Hyun of
SEOUL (AFP) – North Korea urged restraint, and called for the South Korean General Lee Hong- presidential spokesman said. South Korea's Dongguk
fired a deadly barrage of artillery resumption of stalled six-nation Ki accused Pyongyang of a "pre- "Flashes along with a thunderous University said North Korea had
shells onto a South Korean island t a l k s a i m e d a t d i s m a n t l i n g planned" attack and an "inhumane sound were seen here and there staged an "intentional provocation
on Tuesday in one of the most P y o n g y a n g ' s n u c l e a r d r i v e . atrocity that fired random shells across our villages and up to 10 to heighten cross-border tensions"
serious border incidents since the The firing came after North towards residential areas of houses were engulfed in flames," and to unify its people during the
1950-1953 war, inciting global K o r e a ' s d i s c l o s u r e o f a n defenceless civilians". said Woo Soo-Woo, 62, who fled leadership succession.
condemnation. apparently operational uranium Some 50 shells landed on to the mainland by ferry along "It is also sending a strong
South Korea's military went on enrichment plant -- a second Yeonpyeong near the tense with scores of other islanders. message to the United States and
top alert, its troops fired back with potential way of building a Yellow Sea border, damaging Yeonpyeong lies just south of the the international community that
cannon and the government met nuclear bomb -- which is causing dozens of houses and sending border declared by UN forces the peninsula urgently needs a
in an underground war room, serious alarm for the United plumes of thick smoke into the after the war, but north of the sea peace regime," to replace the
officials said, in response to what States and its allies. air, YTN television reported. border declared by Pyongyang. uneasy 1953 armistice and win
Seoul called an atrocity against It also comes as North Korea Two South Korean marines -- The Yellow Sea border was the Pyongyang more legitimacy, he
civilians. prepares for an eventual dynastic part of a contingent based scene of deadly naval clashes in said.
N o r t h K o r e a ' s s u p r e m e succession from Kim Jong-Il to permanently on the frontline 1999, 2002 and last November. While others around the world
command, however, accused his youngest son, Kim Jong-Un. island -- were killed, the military Tensions have been acute since lashed out at North Korea,
South Korea of firing first and The expected transfer is fuelling said. the sinking of a South Korean Chinese foreign ministry
vowed "merciless military attacks speculation about the opaque Another 15 marines were warship in March, which Seoul spokesman Hong Lei said Beijing
with no hesitation if the South regime's military and nuclear wounded along with three says was the result of a North had "taken note of the relevant
Korean enemy dares to invade our intentions. civilians, officials said. They said Korean torpedo attack. report and we express concern
sea territory by 0.001 mm". The United States "strongly South Korean forces fired 80 Pyongyang has rejected the over the situation".
But condemnation of Pyongyang condemned" the attack on the rounds back from K-9 self- charge. This entry passed through the
poured in from the United States, border island of Yeonpyeong but propelled guns on Yeonpyeong. President Lee convened an Full-Text RSS service — if this is
which has 28,500 troops in South said it was too early to consider "A Class-A military alert issued emergency meeting of ministers your content and you're reading it
Korea, along with Russia, Japan any military response. for battle situations was imposed and national security advisers in on someone else's site, please read
and Western Europe. "We're still monitoring the immediately after shelling began," an underground war room. our FAQ page at fivefilters.org/
UN Secretary General Ban Ki- situation and talking with our a military spokesman told AFP. His office warned that South content-only/faq.php
moon called for restraint from allies," Pentagon spokesman Sporadic firing by each side Korea would "sternly retaliate" Five Filters featured article:
both sides after condemning the C o l o n e l D a v e L a p a n t o l d continued for more than an hour, for any further provocations. Beyond Hiroshima - The Non-
attack by the North. reporters. the military said. Inter-Korean talks scheduled for Reporting of Falluja's Cancer
No country has yet requested a The White House said President The shelling began at 2:34 pm Thursday, aimed at arranging Catastrophe.
meeting of the UN Security Barack Obama was shortly due to (0534 GMT) after the North sent further reunions of families

Katie Holmes and Suri Cruise Bid Farewell to the High Seas
Katie Henry (PopSugar) boarded a private jet in Ft. costar Adam Sandler. Tom Cruise time for a family Thanksgiving, To see more photos of Suri and
Submitted at 11/23/2010 11:00:00 AM Lauderdale, FL today. Suri spent missed out on their nautical giving Tom and Katie a chance to Kate leaving the boat, just read
time with a young friend during adventure, as he's been off in also celebrate their anniversary more.
Katie Holmes and Suri Cruise their stay on Oprah's favorite Dubai doing stunts for Mission: belatedly. View 20 Photos ›
wrapped up their stay aboard the cruise ship, while Katie was busy Impossible 4. The Cruises will
luxury liner Allure of the Seas and working on Jack and Jill with hopefully be able to reunite in
E-reader News Edition
Review: 'Burlesque' shakes, shimmies, doesn't stir
(AP)
(Yahoo! News: Most Viewed)
Submitted at 11/23/2010 1:05:10 PM
Stop me if you think you've heard
this one before.
A small-town girl with big
dreams and a big voice packs up
everything she owns in a suitcase,
makes her way to Hollywood and
wows the world with her talent.
But not everyone has her best
interest at heart, so she'll have to
cling tight to her values to figure
out whom she should trust. And
she'll do it ... in song!
Yes, they should provide a cliche
checklist at the door of
"Burlesque," just to make it
interactive and help pass the time.
Sure, this song-and-dance
extravaganza is sufficiently shiny
and sparkly, an explosion of
sequins and feathers and sass.
Writer-director Steven Antin is
the brother of Pussycat Dolls
creator Robin Antin, so there's a
certain familiarity to the bump-
and-grind numbers the dancers
perform. The mere presence of
Cher guarantees a high camp
factor; at a recent screening, the
first sight of her on stage in all her
sailor-hatted, Plasticine glory
drew appreciative laughs and
applause from the audience.
Although "Burlesque" is never
the juicy diva smackdown of
"Showgirls," to which
comparisons are inevitable, it's
good enough as a guilty pleasure,
simply because it's all splash and
no substance. It's also a shameless
vehicle for Christina Aguilera,
trying to position herself as an
actress in her film debut, even
though she's essentially playing a
version of herself. She can really
sing, of course — one character
aptly describes her as having
"mutant lungs" — and she looks
great on camera, but the
performance is all one note
otherwise, if you'll pardon the
pun.
And while we're comparing
"Burlesque" to trash of the past, it
isn't the abject failure that Mariah
Carey's similar "Glitter" was, but
that's mainly because it has better
production values.
Aguilera's romantically named
Ali Rose is bathed in warm,
golden light wherever she goes.
This includes the opening
sequence in which she leaves the
dingy Iowa diner where she works
as a waitress (but not without
belting out a bluesy tune first),
gathers her meager belongings,
traipses through the trailer park
she's called home, then crosses a
railroad bridge and steps through
a hole in a chain-link fence en
route to the bus station.
Once in Los Angeles, she
literally stands on the corner of
Hollywood and Vine, holding a
list of want ads for backup singers
and dancers. Then she stumbles
upon The Burlesque Lounge on
Sunset Boulevard, an aging
theater where the ageless Cher
rules as the proprietress and
headliner, Tess. Ali's hooked the
second she walks in the door, and
insinuates herself from cocktail
waitress to backup dancer to
featured star in the blink of an
eye. (Alan Cumming is
depressingly underused as the
lounge's host, in a halfhearted nod
to "Cabaret.")
From there, the rest of
"Burlesque" plays like an
extended version of the "Lady
Marmalade" video, with a few
contrivances to provide vague
conflict. There's never a doubt
that the plucky, determined Ali
will win over Tess and her
obligatory best gay pal, stage
manager Sean (Stanley Tucci,
who has an effortless rapport with
Cher). When jealous bad-girl
Nikki (Kristen Bell) threatens to
stand in the way of her fame, we
know Ali will triumph anyway.
When Tess is on the verge of
eviction, we know she won't have
to sell the place to a predatory real
estate entrepreneur (Eric Dane).
And when Ali meets eyelinered
bartender Jack ("Twilight's" Cam
Gigandet), who's really a
sensitive, aspiring musician, it's
only a matter of time before they
fall for each other — in chaste,
tastefully lighted love scenes, of
course.
"Burlesque," a Sony Screen Gems
release, is rated PG-13 for sexual
content including several
suggestive dance routines, partial
nudity, language and some
thematic material. Running time:
116 minutes. Two stars out of
four.
___
Motion Picture Association of
America rating definitions:
G — General audiences. All ages
admitted.
PG — Parental guidance
suggested. Some material may not
be suitable for children.
PG-13 — Special parental
guidance strongly suggested for
children under 13. Some material
may be inappropriate for young
children.
R — Restricted. Under 17
requires accompanying parent or
adult guardian.
NC-17 — No one under 17
admitted.
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Top News/ Culture/ 13
Only the quick will
survive the tomb!
Play Alu's Revenge
(HowStuffWorks Daily Feed)
Submitted at 11/23/2010 1:00:56 PM
Alu's Revenge - Falling Stones,
Ancient Ruins, Loads of Fun
Alu's Revenge serves up solid
gameplay, where stacked stones
continue to fall as you use your
quick wits and speedy strategy to
open the tomb and reveal the
jewels inside similar to the
popular game Collapse online.
When you play this Collapse
genre online game, you'll be
tasked with unlocking the secrets
of this ancient tomb in a fun and
challenging puzzle game that's
sure to please. Simple matching
won't get you through this
enchanted tomb but speedy
strategy will. Play Alu's Revenge
online -similar to Collapse online-
and journey to this ancient relic to
face the falling stone guards head
on.
Try our free Alu's Revenge and
begin your adventure today!
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14 News Wire/ E-reader News Edition

EU urges feuding Irish not to delay budget

(Reuters: Top News) reporters after meeting Irish "We're in an impossible situation adopt the pound sterling and make nobody wants a bailout of Ireland
Submitted at 11/23/2010 11:51:26 AM members of the European here. We're being asked to tacitly a greater Great Britain. plus Greece, nobody wants the
Parliament in Strasbourg, France: support a budget that we haven't Britain must never ever fully join Billion-NATO-missile-shield,
A man carrying his tools walks "Stability is important. seen," Fine Gael lawmaker Brian this mad lunatic crazy socialist nobody wants nuclear waste
near a graffiti in South Dublin, "We don't have a position on the Hayes told public broadcaster agenda.. Dont these idiots deposits, nobody wants the illegal
November 23, 2010. domestic democratic politics of RTE. understand why Communism S21 construction. It´s against the
C r e d i t : R e u t e r s / C a t h a l Ireland but it is essential that the EU partners are watching the failed and crumbled/ will of the people. And by the
McNaughton budget will be adopted in time Irish turmoil with concern. Nov 23, 2010 11:20am EST way, German money is not very
By Gilbert Reilhac and Jodie and we will be able to conclude German Chancellor Angela ‘Britain must never ever fully join popular abroad plus it is not safe!
Ginsberg the negotiations on the EU-IMF Merkel told employers that this mad lunatic crazy socialist Germany has huge debts!!!
STRASBOURG/DUBLIN| Tue program in time." Ireland's crisis was different from agenda..’ Anyhow: where has actually all
Nov 23, 2010 12:51pm EST In New York, senior IMF official Greece's but just as worrying and As I recall, the Brits voted not the money gone from the US,
S T R A S B O U R G / John Lipsky said talks with the euro was in an "exceptionally once but twice against adopting Ireland, Iceland and the UK?
D U B L I N ( R e u t e r s ) - T h e Ireland were moving forward serious situation." the Euro and joining the EU. Where exactly is it???
European Union urged Ireland on quickly but it was up to the Irish Dutch Finance Minister Jan Kees Score one for Anglo-saxon Nov 23, 2010 2:47pm EST
Tuesday to adopt an austerity government to make the necessary de Jager said it would be a bad common sense! At least they had You see, the Irish people are a
b u d g e t o n t i m e t o u n l o c k political decisions. idea to throw Ireland out of the an opportunity to vote, unlike the proud people, steeped in
promised EU/IMF funding, in On Tuesday, the small leftist euro or split the single currency Europeans. generations of self sufficiency.
response to a deepening political Sinn Fein party submitted a area with southern countries Nov 23, 2010 11:27am EST They view the EU and IMF as a
crisis that could derail the motion of no confidence in devaluing, since that would Sorry, EU, but you cannot Save landlord offering to mortgage
financial rescue. Cowen, but it is unlikely to be provoke "a chain of unwanted your way out of a Depression. It their future for handouts today.
Dublin's government is on a knife debated or put to a vote because events." has never been done and cannot The EU and IMF, if they really
-edge. Damaged Prime Minister the party lacks the required 12 Nov 23, 2010 6:57am EST be done. care about the Irish people, should
Brian Cowen has rebuffed calls signatories. Everything was going fine in Ireland should sue Goldman explain it is helping “a friend in
for a snap election and insisted the Cowen also faces critics in his Ireland until that Dermot Sachs and English banks for need” (which is a friend indeed)
budget would go ahead as planned own Fianna Fail party who want McMurrough bought those creating this Depression. and not trying to profit from their
on December 7 before he calls an him out, though most want him to damned Normans back with him. And, Ireland should learn from economic misery. Afterall, Ireland
early poll. quit after the budget. Nov 23, 2010 8:59am EST the Greeks – never give Goldman would do the same if the tables
Opposition leader Enda Kenny Trade unions have warned that Free of the UK only to be in a dime for making your situation were turned, right? Why of course
hinted in parliament that his the austerity plan could provoke thrall to the Belgians and the worse. they would.
center-right Fine Gael party might c i v i l u n r e s t : a s t u d e n t Germans. If I was Irish, I’d be Nov 23, 2010 12:16pm EST The EU and IMF are genuinely
let the budget pass, saying it demonstration over planned fee most displeased. Ireland’s unemployment rate is trying to help not hinder. If we
would act in the national interest, increases turned violent this Nov 23, 2010 9:27am EST 14%, UK is 7.7%, Germany is 6.7 don’t help one another in
and challenged Cowen to bring it month, and unions have organized The Irish must be mentally and the Netherlands is 4.5%. And desperate times, how can we ever
forward to next week, but the a march to protest at the planned disturbed not to see exactly what the EU27 surplus in trade in hope to establish world peace and
prime minister refused. measures on Saturday in Dublin. is happening here. The EU goods with the USA almost prosperity for all?
Cowen said he expected all Tens of thousands are expected to “WANTS” you to take the doubled in the first six months of *We welcome comments that
budget legislation to be completed turn up. bailout, they are happy your in a 2010. Sounds to me those advance the story directly or with
by February, suggesting he would PUBLIC FURY mess, its all part of the greater “socialistic” countries could teach relevant tangential information.
not call an election in January as Opposition politicians said they socialist agenda to control the us something about employment We try to block comments that
h i s c o a l i t i o n p a r t n e r s h a d took Rehn's comments seriously whole EU… finances are and will and economic development. use offensive language or appear
requested. and were aware of the always be the main focus. Nov 23, 2010 12:16pm EST to be spam and review comments
European Monetary Affairs implications for the stability of Britain should offer Ireland the The govern’mental’ crisis at
Commissioner Olli Rehn told the euro zone. whole £100billion, Ireland can Germany might be even worse: URGES page 16
E-reader News Edition News Wire/ 15

North Korea shells South in fiercest attack in decades

(Reuters: Top News) question whether the But he made no suggestion the Let`s bomb our neighbour :) N.Korea (50’s) as historical
Submitted at 11/23/2010 2:14:01 PM bombardment might in part have South would retaliate further, Nov 23, 2010 5:48am EST precedents to try to prove a
been an attempt to burnish the suggesting Seoul was taking a CORRECTION: The Korean point….
People look as smoke rises from ruling family's image with the measured response to prevent War did not end in 1953 as you Nov 23, 2010 6:37am EST
South Korean Yeonpyeong Island military. things getting out of hand. report. Both sides are, technically, Am I missing something here?
after being hit by dozens of "Houses and mountains are on fire The North has a huge array of still at war – as only an armistice North Korea= despot state, China
artillery shells fired by North and people are evacuating. You artillery pointed at Seoul that was signed in 1953! = Friend of despot state. The
Korea November 23, 2010 in this can't see very well because of could decimate an urban area Nov 23, 2010 6:23am EST remainder = North Koreas worst
picture taken by a South Korean plumes of smoke," a witness on home to around 25 million people There might be a link between nightmare when the dust settles.
tourist. the island told YTN Television and cause major damage to its china, Chinese yuan and north Oh and China – Take Note!
Credit: Reuters/Yonhap before the shelling, which lasted trillion dollar economy. Korea and american dollar. Nov 23, 2010 7:21am EST
By Jack Kim and Lee Jae-won about an hour, ended. The two Koreas are still What was the need for north “afterall whatever the outcome ,it
INCHEON, South Korea| Tue YTN said at least 200 North technically at war -- the Korean korea to provoke south korea. will help china.” Are you insane?
Nov 23, 2010 3:14pm EST Korean shells hit Yeonpyeong, War ended only with a truce -- China and northkorea want to Anyone who thinks China has
INCHEON, S o u t h which lies off the west coast of and tension rose sharply early this spread the fear. so that Yuan will something to gain in a potential
Korea(Reuters) - North Korea the divided peninsula near a year after Seoul accused the North fall and dollar will rise. afterall war on the Korean peninsula is
fired scores of artillery shells at a disputed maritime border. Most of torpedoing one of its navy whatever the outcome ,it will help woefully misinformed. If the
South Korean island on Tuesday, landed on a military base there. vessels, killing 46 sailors. china. North keeps up hijinx like this,
killing two soldiers, in one of the Photographs from Yeongyeong North Korea said its wealthy Nov 23, 2010 6:24am EST Beijing might actually apply some
heaviest attacks on its neighbor island, just 120 km (75 miles) neighbor started the fight. Am I the only person wondering pressure.
since the Korean War ended in west of Seoul, showed columns of "Despite our repeated warnings, exactly WHY the N.Koreans Of course they also don’t want
1953. smoke rising from buildings. Two South Korea fired dozens of shells would do this without the North to failcascade, as this
The barrage -- the South fired soldiers were killed in the attack, from 1 p.m. ... and we've taken provocation? When they know all would produce millions of
back and sent a fighter jet to the 17 wounded. Three civilians were strong military action about the military resources refugees, so they won’t be too
area -- was close to a disputed also hurt. immediately," its KCNA news available to the South Koreans, tough.
maritime border on the west of the News of the attack rattled global agency said in a brief statement. the US, and associated poodles??? Nov 23, 2010 7:26am EST
divided peninsula and the scene of markets, already unsettled by Nov 23, 2010 3:20am EST How typical that a member of the It’s a civil war between koreans.
deadly clashes in the past. South Ireland's debt woes and a shift to Again N Korea shows that they US’s so-called ‘axis-of-evil’ What’s the big deal? After all, we
Korea was conducting military less risky assets. are completely nuts. And again should perform yet another had Civil War.
drills in the area at the time but Experts say North Korea's Kim we will see china step in to unprovoked attack on its *We welcome comments that
said it had not been firing at the has for decades played a carefully protect and harbor N Korea’s acts neighbour! I for one am shocked advance the story directly or with
North. calibrated game of provocation to of war. and I don’t believe for one minute relevant tangential information.
The attack came as the reclusive squeeze concessions from the Nov 23, 2010 3:51am EST that this attack was actually We try to block comments that
North, and its ally China, presses international community and Dear China, carried out by the US themselves use offensive language or appear
regional powers to return to impress his own military. The risk They’re your friends; you deal in order to further their own to be spam and review comments
negotiations on its nuclear is that the leadership transition with them. military and global interests by frequently to ensure they meet our
weapons program and revelations has upset this balance and that Signed, making NKorea out to be the bad standards. If you see a comment
at the weekend Pyongyang is fast events spin out of control. The civilized world guy. that you believe is irrelevant or
developing another source of South Korean President Lee Nov 23, 2010 4:57am EST And I definitely wouldn’t use inappropriate, you can flag it to
material to make atomic bombs. Myung-bak, who has pursued a I woke up this morning thinking , Japan (threats of an oil embargo our editors by using the report
It also follows moves by leader hard line with the North since what a great day…I`ll have my pre-empting the Pearl Harbour abuse links. Views expressed in
Kim Jong-il to make his youngest, taking office nearly three years coffee out in town :D … seems attack), Vietnam (Gulf Of the comments do not represent
but unproven, son his heir ago, said a response had to be like some ppl woke up thinking Tonkin), Iraq (WMD)
apparent, leading some analysts to firm following the attack. …. Hmmm , what a great day . Afghanistan (Bin Laden), NORTH page 16
16 News Wire/ Culture/ E-reader News Edition
URGES
Royal Wedding Date Set For 29th April continued from page 14

frequently to ensure they meet our

(Epoch Times | All headlines) committed to public and standards. If you see a comment
Submitted at 11/23/2010 12:38:40 PM ceremonial duties," said Lowther- that you believe is irrelevant or
Pinkerton. inappropriate, you can flag it to
By Simon Veazey The Dean of Westminster, The our editors by using the report
Epoch Times Staff Created: Nov Very Reverend Dr John Hall, said abuse links. Views expressed in
23, 2010 Last Updated: Nov 23, in a statement on the Abbey’s the comments do not represent
2010 website, "We are very pleased those of Reuters.
UK Gears Up For A Royal they have chosen Westminster This entry passed through the
Wedding After Engagement Abbey for their marriage and look Full-Text RSS service — if this is
Announcement-Workers at forward to the detailed planning your content and you're reading it
Aynsley China start producing for what will be a great and happy on someone else's site, please read
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mugs to mark the engagement themselves, for their families and content-only/faq.php
between Britain's Prince William friends, for the country and Five Filters featured article:
and Kate Middleton on November Commonwealth and for well- Beyond Hiroshima - The Non-
17, in Stoke On Trent, United wishers across the globe." Reporting of Falluja's Cancer
Kingdom. (Christopher Furlong/ Bank holidays are devolved in Catastrophe.
Getty Images) Prince William will wedding was following the Britain does best," Lowther- Scotland, meaning that the
marry Catherine Middleton on precedent set by the Queen’s own Pinkerton is widely reported to Scottish Government will make a
Friday 29th April at Westminster wedding, which was payed for by have said at a news conference decision later as to whether or not
A b b e y , t h e r o y a l f a m i l y the Royal Household. announcing the date. to call a bank holiday too,
announced on Tuesday. The prime minister confirmed "Prince William and Catherine according to Downing Street.
The Prime Minister declared that that the wedding bill would be have made it very clear that they This entry passed through the
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William will be a happy and Spokesperson for the Royal proper celebration for the nation our FAQ page at fivefilters.org/
Cyberspace
momentous occasion,” said Family Lowther-Pinkerton said and the realms. Having said that, content-only/faq.php Adam Rogers (Wired Top
Cameron. “We want to mark the William and Kate were "calling the couple are very mindful of the Five Filters featured article: Stories)
day as one of national celebration, t h e s h o t s " o n t h e w e d d i n g current situation, and for example, Beyond Hiroshima - The Non- Submitted at 11/23/2010 12:00:00 PM
a bank holiday will ensure the plans."We know that the world Prince William has already Reporting of Falluja's Cancer
most people possible will have a will be watching on April 29, and expressed a clear wish that any Catastrophe. Sorry, Readability was unable to
chance to celebrate on the day,” the couple are very, very keen involvement by the armed forces parse this page for content.
he said, according to a Downing indeed that the spectacle should should rely in great part on those This entry passed through the
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continued from page 15 our FAQ page at fivefilters.org/
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E-reader News Edition News Wire/ Culture/ 17
Top 5 Thanksgiving
Smartphone Apps Help You Snag Black Friday Sides That Won't
Deals Pack on the Pounds
(HowStuffWorks Daily Feed)
(Epoch Times | All headlines) iPhone app was even named an
Submitted at 11/23/2010 1:03:46 PM App of the Week by Gizmodo. Submitted at 11/23/2010 1:00:56 PM

Download it here. 3. Signpost for

Smartphone apps like the one iPhone Food. Family. Food. Football.
above (TGI Black Friday) can Like Dealmap, Signpost will give Food. The Thanksgiving Day
help you get the best deals on you local deals within your area, itinerary circles back to one thing
your mobile. (Courtesy of TGI and promises to “uncover hidden as often as possible: eating. You
Black Friday / Apple App Store) neighborhood gems.” It calls its might argue that one day of
Smartphone apps can do anything deals and features “community- stuffing your belly full of sweet
these days—including helping powered,” and also it has a potato casserole and corn pudding
you grab Black Friday deals for tremendous social networking never hurt anyone. The problem is
the holidays this shopping season. aspect, but it is limited to Boston, that sometimes this one-day event
There are a bunch of apps for San Francisco, Chicago, and New triggers an entire season of
iPhone, iPod and Android—so York, so far. If you live in one of gluttony. Is it possible to eat
how do you figure out which ones those cities, we recommend you healthy on turkey day?
are the best? Don’t fret—we’ve check this app out. It won’t give Sure it is. With a few simple
found the three best apps just for you electronics or gadgets deals alterations and substitutions, you
you. 1. TGI Black Friday for like the other two apps mentioned can enjoy a traditional
iPhone above, but it will give you some Thanksgiving meal -- and you
The TGI Black Friday app boasts great deals on food and drinks, may not even have to unbutton
that it is the ”highest rated Black which is just as important when your pants afterward. Read on for
Friday app for the Apple iPhone,” shopping with friends and family. five healthy Thanksgiving side
and it’s by far the most popular in also create your own shopping list t h e d e a l s i n y o u r a r e a , o r Download it here. dishes!
the Apple App Store. Launched by adding items you want, and wherever you want to view, with This entry passed through the This entry passed through the
by dealcatcher.com, TGI Black buy things directly from the app. an impressive listing of more than Full-Text RSS service — if this is Full-Text RSS service — if this is
Friday gives you a slew of Black TGI Black Friday has a 4.5-star 350,000 Black Friday deals. Like your content and you're reading it your content and you're reading it
Friday ads, including PDFs that rating with more than 4,000 the TGI Black Friday app, you on someone else's site, please read on someone else's site, please read
are scanned directly from paper ratings, so you know it’s reliable. can save the deals you want for our FAQ page at fivefilters.org/ our FAQ page at fivefilters.org/
ads, from most major retailers. The app will introduce push later, or buy directly from the app. content-only/faq.php content-only/faq.php
There’s a search function, which notifications in a later release. It even offers social networking, Five Filters featured article: Five Filters featured article:
is useful when you know exactly D o w n l o a d i t h e r e . 2 . T h e so you can share deals with Beyond Hiroshima - The Non- Beyond Hiroshima - The Non-
what you want and want to Dealmap for iPhone and Android friends in your area on Facebook, Reporting of Falluja's Cancer Reporting of Falluja's Cancer
compare the price of the deals Dealmap gives you a map of all Twitter, and through e-mail. The Catastrophe. Catastrophe.
among different stores. You can

Sneak Peek: Meet Super Papika!

alice (Featured Blog Posts - My
Modern Metropolis)
Submitted at 11/23/2010 12:30:00 AM
You came and you fell in love
with Super Mamika, the coolest
91-year-old grandmother in the
world. Well, did you know that
there's a Super Papika? As Sacha
Goldberger, the grandson/
photographer, explains to us, "I
have been looking for Papika for come...(We can't wait!)
more than a year now. He is a
dentist, and he is very good as a
model. Both off them are fantastic
when they are together." More to
18 News Wire/ Technology/ Culture/
Aubrey Huff Re-signed by Giants for
Two Years
(Epoch Times | All headlines)
Submitted at 11/23/2010 1:26:50 PM
By Alex Johnston
Epoch Times Staff Created: Nov
23, 2010 Last Updated: Nov 23,
2010
Aubrey Huff re-signed with the
San Francisco Giants for two
more years on Tuesday. (Elsa/
Getty Images) Aubrey Huff, the
first baseman and outfielder for
the San Francisco Giants, will
return to the Bay Area NL team
for two years with a contract
worth at least $22 million,
according to Major League
Baseball’s website on Tuesday.
Huff was one of the key players
of the San Francisco offense,
helping the Giants accomplish a
magical World Series title run. On
Tuesday, Huff came in seventh in
National League’s MVP voting.
"We're extremely excited to be
able to re-sign Aubrey," Giants
general manager Brian Sabean
said, according to the San Jose
Mercury News. "He was an
Computing Across the Keys: The
Piano Case Mod [Featured Workspace]
Jason Fitzpatrick (Lifehacker)
Submitted at 11/23/2010 12:00:00 PM
Most case mods involve tweaks
to a small computer case. Today's
workspace features a vintage
E-reader News Edition
Duke Energy And ITOCHU
Testing New Uses For Old
Electric Vehicle Batteries
Lora Kolodny (TechCrunch)
Submitted at 11/23/2010 2:14:10 PM
Duke Energy and ITOCHU Corp.
announced a partnership today
by storing power generated either
through which they will evaluate
during off-peak hours or from
and test new uses for old electric
intermittently available renewable
vehicle (EV) batteries. Once they
sources, like wind or solar, finally
are too spent for life on-the-road,
dispensing it during peak demand
EV batteries could store power
hours.
and deliver a charge elsewhere,
EV skeptics believe that
the companies reason.
production and recycling of EV
EV batteries falling below 80
batteries— at least until battery
percent of their original capacity
design and reycling related
when fully charged will be
technology improves— might
integral part in the team's success This entry passed through the candidates for replacement and make electric vehicles more
last season, not only with his Full-Text RSS service — if this is reuse. Duke and Itochu promised harmful to the environment than
outstanding play in the field, but your content and you're reading it to begin their project by testing the highest-efficiency diesel
also providing a great clubhouse on someone else's site, please read Ener1 lithium-ion batteries models. That’s especially if a
presence." our FAQ page at fivefilters.org/ extracted from a fleet of 80 EVs majority of electricity used to
Huff, 34, hit .290 with 26 home content-only/faq.php in a Duke Energy facility in
charge EVs comes from non-
runs and 86 RBIs in the regular Five Filters featured article: Indianapolis. renewable sources, like coal.
season and batted .268 with eight Beyond Hiroshima - The Non- The automaker GM embarked on Giving batteries a new life
RBIs and one home run in the Reporting of Falluja's Cancer a similar initiative with The ABB beyond the vehicle, and using
postseason. Catastrophe. Group in September, specifically
them to shift electricity
On a single-year contract last looking for ways to use spent
production to renewables as much
year, he earned just $3 million. Chevy Volt batteries in the smart
as possible would quiet many of
grid. One vision of reuse for EV
these worries. At the same time,
batteries proposed by GM would
see them to store power from
companies like GM, Duke, ABB
Group and Itochu hope that
renewable sources in EV charging
stations, the devices used to
charge cars.
increasing the total lifetime value
of EV batteries would ultimately
reduce the cost of producing them
workstation. Peek inside for Other ideas (as reported by
p i c t u r e s a n d a d e t a i l e d MSNBC.com and Gas2.org) as well. CrunchBase Information
explanation of the build. More » include using the weakened EV Duke Energy Corporation General
Motors Information provided by
batteries to keep cell phone
piano shell, completely gutted and CrunchBase
towers up and running during
restored, turned into a concealable
blackouts, or to stabilize the grid
E-reader News Edition World News/ Technology/ Culture/ 19

Ukraine Follows the 'Turkey Model' Report: Viewers seem

Judah Grunstein (World Politics
Review: Trend Lines)
Submitted at 11/23/2010 8:08:00 AM
Moscow and Brussels, after the
period of tilt toward the West
under his predecessor. It's also
central location, both
geographically and strategically,
that Turkey has put to good use in
OK with more Web video
worth noting that, if ties with the
There's an inherent risk involved EU have indeed suffered, it has to
its neighborhood. Not
surprisingly, Georgian President ads
in taking at face value the policy do in part with the fact that Mikheil Saakashvili seems to (CNET News.com) minute of ads watched 59 percent
declarations of a country's leader. Brussels hasn't exactly shown have caught on, signaling that he, Submitted at 11/23/2010 1:36:12 PM of an episode, while those who
My general rule of thumb is to do enthusiasm in delivering on too, will now seek a similar had 20 minutes of ads watched 49
so when the declaration in either its maximal offers from five rapprochement with Moscow. You might be more willing to percent of the show.
question supports an argument I'm years ago (full membership), or Operating as such a geostrategic watch video ads online than you The results of that study,
trying to defend. And that's the more-modest wish list that hub is smart policy in a multipolar think you are. according to the Times, made
certainly the case when it comes Y a n u k o v y c h h a s s i n c e environment, especially one that According to The New York Turner realize that having to
to Ukrainian President Viktor formulated (economic partnership is enjoying a broad warm front. Times, Turner Broadcasting, watch more ads isn't necessarily
Yanukovych's description of and energy cooperation). But it can be challenging when which owns TBS and TNT, an issue to online viewers.
Ukraine's approach to its foreign Yanukovych is also correct in that environment begins to recently tested how long people Video ads have become a key
policy posture: observing that improved Ukraine- polarize, whether on particular will watch television shows online part of most Web users' lives. In
After his first meeting with the Russia relations have been a net policy issues or more generally. with few ads, compared to how October alone, 84.1 percent of
European Union, M r . gain for Europe and the West. But Because if there's one thing a hub long they will watch shows with a U.S. Web users viewed online
Yanukovich contrasted past m o r e i m p o r t a n t l y f o r can't do, it's to choose sides. We slew of ads embedded in them. video, according to data released
disputes with Russia with the way Yanyukovich, who is after all see that now as the central Jack Wakshlag, the company's last week by research firm
in which he said Ukraine is now elected by Ukrainians, the overall challenge to Turkey's foreign chief research officer, told the ComScore. Over 4.6 billion video
working — "in the spirit of rebalancing act has been a net policy, whether it be in terms of Times that when viewers were ads were displayed during the
partnership in the triangle of gain for Ukraine. Now, part of EU relations and Cyprus, or presented with more ads, they month with over 1.1 billion of
Russia-Europe-Ukraine." that has to do with the policy shift NATO relations and Iran. would still "spend approximately those ads shown on Hulu. All
But it's worth noting that despite taking place in the context of a Ukraine's new posture is likely to the same amount of time watching told, the average viewer watched
fears that Yanukovych would broader thaw in Russia-EU and pay dividends for the time being. episodes online." 34.1 ads during the month.
return Ukraine to the Russian Russia-U.S. relations. And that is But Kiev should push to cement According to the Times, which This entry passed through the
sphere of influence, he's been a r e f l e c t i o n o f b o t h s m a r t its relationship with Brussels and cited Turner's internal statistics, Full-Text RSS service — if this is
pretty consistent about his desire d i p l o m a c y b y t h e O b a m a reform its energy sector while the people who watched Turner's 30- your content and you're reading it
to avoid improving relations with administration, but also structural good weather lasts. Because minute broadcasts online viewed on someone else's site, please read
Moscow at the cost of Ukraine's incentives that now make it in should the West's relations with 40 percent of a show when they our FAQ page at fivefilters.org/
relations with the EU. That Russia's interest to pursue better Russia hit another rough patch, were presented with one minute content-only/faq.php
mirrors what I observed in the relations. the "zero problems" approach will of ads. They watched 37 percent Five Filters featured article:
aftermath of his election, namely But Yanukovych's navigation of be tougher to manage. of the show when they were Beyond Hiroshima - The Non-
that Yanukovych isn't so much that shift recalls in many ways forced to sit through 16 minutes Reporting of Falluja's Cancer
realigning Ukraine with Russia, as Turkey's "zero problems" policy, of ads. For hour-long shows, Catastrophe.
he is rebalancing Ukraine between and capitalizes on the same those who viewed a little over one

Shining Charm
Habitually Chic (Habitually
Chic®)
Submitted at 11/23/2010 9:03:43 AM
"The more mirror-minded you Dorothy Draper was perfect since Have a shining day!
become, the more your home will my last post was full of mirrors.
reflect shining charm!" - Dorothy It just so happened to be
Draper I thought this quote from legendary interior designer Dorothy's birthday yesterday.
20 Technology/ E-reader News Edition

A Week with NOOKcolor: Reading (aka Core Apps)

Chris Burns (SlashGear)
Submitted at 11/23/2010 1:17:16 PM

Welcome to the second

installment in SlashGear’s“A
Week with” review session with
NOOKcolor, a device which
Barnes and Noble promises will
be for customers the culmination
of all their knowledge on how
people interact with what they
read. This device is a reader-
centric tablet, made by the
world’s largest bookstore for the
people who enjoy reading the
most. Today’s review session
revolves around the way you the
user will potentially interact with
the reading materials you’ll be
using while utilizing NOOKcolor.
As this device is aimed not at
those who wish for an open
Android tablet experience, this
review will for the most part
assume that the people who will
buy this device are the same
people Barnes and Noble intends
to market to. On the other hand, I
and we know there’s a large
population of tech-smart
individuals out there who indent
to try this device out as a hacked
device. While I won’t be hacking
into this device for your pleasure,
we will be keeping you in mind.
As you open up your NOOKcolor
for the first time, you’ll be sort of
dazzled by the brightness and
colorfulness of it all. If you’ve
only used an e-ink reader in the
past, this will be like going from spectacular, in some ways a bit of function. NOOKcolor isn’t meant purchasing books that don’t appreciate, oh you lovers of e-ink,
an original GameBoy to a a draw back, especially since, like for people only intending on require color, stick with an e-ink features that don’t necessarily
GameBoy color (remember that many of the games created for reading novels. Barnes and Noble device. require the color the display here
transition?) In some ways GameBoy back in those days, lots might disagree with me, but if That’s not to say that there aren’t WEEK page 21
of books never needed color to you’re only intending on features here that you’ll
E-reader News Edition
WEEK
continued from page 20
presents, but features hereto
unavailable in e-readers. Most of
these features have to do with
sharing and interactivity.
Inside a novels, you’re able to
highlight specific passages or
whole books and share them via
Twitter, Facebook, or your
Contacts (connected through
NOOKcolor.) Using this same
method*, you can also highlight,
add a note, or use your
highlighted text to search the rest
of the book. You may also add a
bookmark to a page by tapping
the upper right hand corner of the
screen (I consider this to be a
function in the same house as the
highlighting.) *This highlighting
is a very fun function but don’t
expect to be adept at making it
work unless you try at it for a
while. Attempting to highlight
text in an incorrect manner can
instead somehow lead you to a
completely different page in the
book (I must assume this has to
do with your ability to reach other
points in the book via the slider at
the bottom of the page, accessible
by tapping the bottom of the page,
invisible otherwise.)
Continuing in on functions inside
reading a novel, there are several
ways you can adjust the text. One
is font size – you’re given 6
different sizes to choose from,
each one general, identified in a
scale of “A”s. Next you’ll be able
to choose the font you like to read
in best, the list of fonts being:
Century Schoolbook, Dutch,
Georgia, Ascender Sans,
Trebuchet MS, or Gill Sans. After
that, you can choose from several
color combinations, those named:
Normal, Night, Gray, Butter,
Mocha, Sepia – these are all very
nice combos, the one standing out
most being Night as it’s the only
one with a dark background with
white lettering. After that there’s
three choices for how much space
you’d like between each line of
text, and three more options for
how much of a margin you’d like
around your text. If all of these
options give you a nervous
breakdown, you’ve always got the
option of flicking on the
“Publisher Defaults” switch. All
of these options are awesome, the
Publisher Defaults being the icing
on this nice little cake.
The rest of the functions inside a
novel I don’t see everyone
accessing all that often, that being
brightness, search (aka searching
through the book for a keyword),
and Share (which includes
Recommend (the book to your
friends), Rate and Review (for
B&N), and Post Reading Status
(which just posts a status to
Twitter or Facebook saying the
percentage of the book you’ve
completed.)) The furthest-left tab
is Content, and this will be helpful
if you’ve gotten the hang of
highlighting passages and adding
notes, as Content consists of three
tabs: Contents (chapters in the
book), Notes & Highlights (jump
to any of your notes and
highlights throughout the book),
and bookmarks (working here the
same as notes and highlights.)
Next are Newspapers. This
category of reading material has
24 titles at the launch, so I
recommend you take a look at the
list before purchasing if reading
your favorite title is high on your
list of things to do with
NOOKcolor. Once you’re inside
one of these periodicals, you’ll
find a very different experience
than the reading of an actual
newspaper – there’s sort of a
disconnect, if you will, but not
necessarily a bad one.
Each article is set up in a single
column, one above the next, each
with a tiny thumbnail preview
image where appropriate.
Newspapers have basically the
same controls and functions that
novels do, they having the ability
to have their letters, margins, line
spacing, etc changed at will since
their content is here not the layout
of the paragraphs, but the
messages contained inside the
paragraphs. The feature unique to
newspapers (and magazines) is
that if you purchase a
subscription, new issues will
appear in your desktop’s dock
(and in your library) with a ribbon
saying NEW as soon as they are
released.
Magazines are a place where
NOOKcolor really shines, and it
really should, being brilliant in its
display of colors and its simple
navigation, it’s as if NOOKcolor
were created with magazines at
the forefront of the designers
minds. You can view magazines
in both portrait mode or landscape
mode – I’d suggest landscape as
that’s how people laying out
magazines intend you to view
their spreads.
You move through a magazine
the same way you’d do it if you
were holding the paper copy in
your hands, but it’s better in that
you’ve got the option to employ
Article View. What Article View
is is a way to have the entire
article you wish to read (often
otherwise spread throughout a
magazine here and there) all in
one place, floating above the
magazine until you’ve finished
reading it.
Everything else about reading a
magazine here is great – zooming
in works, finding a page you want
by using the thumbnail scroller at
the bottom of the screen works,
getting new issues works (similar
to newspapers). The only thing
that you might think twice about,
again, is if your favorite title is
available, as there are only 67
titles at launch.
Next, there’s children’s books. If
you’ve got a kid who is already
technologically advanced (aka
you give them your iPhone to
mess around with while waiting in
the doctor’s office lobby), plays
video games, or is generally able
to sit long enough to read a short
book, they’ll probably enjoy
NOOKcolor’s children’s books
feature. Each children’s book is
landscape mode only as far as I
can see, mostly because the
authors who lay out children’s
books, again, do so by spread
rather than by single page.
Turning the page is done with a
swipe, and at the bottom of the
screen is simplified to a single
arrow button which reveals the
whole book in thumbnail mode,
allowing you the parent or the
21
child to select the page they want
to find (“mom, lets start from
where the goats and piggies
perform for the chickens!”)
You’ve also got the option of
pressing the “Read By Myself”
button or the “Read To Me”
button. If you opt for the read to
me option, the book is read aloud
by a narrator, sometimes a famous
narrator!
In the future there will be more
interactivity with these children’s
books (starting at the beginning of
next year when the first big
update to NOOKcolor happens)
including moving images and the
ability to move characters around,
play with them, all sorts of things
that work directly with the
storyline. Over the phone I
recently spoke with a Barnes and
Noble representative who works
in the department responsible for
executing these children’s books,
and she described their efforts as
very much for the advancement of
the storyline rather than just a
distraction from it. Exciting!
One of the more interesting
features available to you in place
for you to be able to interact with
other NOOKcolor users is the
LendMe tab. You can access the
LendMe function from other
places on the device, but here you
can both offer your books up
directly to friends or browse the
books they’ve got available and
ask them to lend them to you.
When you click one of your books
that are available for lending (not
every book is, mind you,) a
WEEK page 27
22 Technology/ E-reader News Edition

Microsoft Hires World's Leading Geo-Dissident to Join Bing

Maps Team
Marshall Kirkpatrick
(ReadWriteWeb)
Submitted at 11/23/2010 12:50:02 PM

OpenStreetMap is a global map

edited by volunteers, like the
Wikipedia of the mapping world.
Founded in 2004, the project is a
fascinating collection of local
knowledge and is a lot of fun to
participate in. Last month
OpenStreetMap founder Steve
Coast announced that he was
leaving for-profit Cloud Made,
the primary company behind
OSM. Today he announced
where he's going next: to be a
Principal Architect at Bing Maps.
Reaction in the mapping
community has been mixed but
this is a move that will be talked
about for a long time. With the
rise of location-aware mobile As an open alternative to offerings. innovation but these are and I will continue in my roles to
devices and platforms for proprietary world maps, and to Seeing OSM's leader join the companies that ultimately are push the OSM cause forward.
processing massive amounts of Google, big companies have lent corporate megalith Microsoft responsible to the shareholders. I Geo blogger James Fee puts
data, including location data, geo technical and financial support to hasn't made everyone in the guess we'll be hearing more down Coast's move in the context of
technology is poised to grow far make sure that OpenStreetMap mapping community happy, the road about OSM mapping battling giants and says it's going
more important than it already is (OSM) thrives. You can however. Leading GIS blogger tools and apps running on the Win to be a win for users.
today. participate in it yourself with a Glenn Letham tweeted this 7 mobile platform and then there's Makes you wonder about
Coast is a giant figure in the click of a button- the OSM map of morning that he "dang near spit Google... I wonder who Google Google's choice to roll their own
mapping world. In 2009, readers the area around my house, for coffee out of my nose," when he will be looking to hire from the now doesn't it? How quickly
of leading geo publication example, displays churches, bus saw the news. OSM camp?? Google's map looks like it will be
Directions Magazine voted him stops, traffic speed bumps and Letham wrote on his blog today: Coast on his blog tried to pre- a drag on their innovation.
the 2nd most influential person in more. I've added historical Indeed this is big news for the empt such concern by writing: Between the OSM mappers,
the geospatial world, ahead of the markers and other information OSM community and the open Of course, this doesn't mean MapQuest, Microsoft and all the
Google Maps leadership and myself. source movement, however, one Microsoft 'owns' OpenStreetMap others who are part of the open
behind only Jack Dangermond, As part of the deal, Bing is does have to wonder how this can any more than CloudMade or project; I [see] no way OSM
the dynamic founder of 41-year donating access to its distortion- impact the development and the MapQuest do with the significant doesn't become the dominate
old $2 billion GIS company ESRI. free ariel photos of the world to future of OSM... I mean think resources those firms have put in mapping data source for all users
Coast will turn 30 years old next the Open Street Maps community. about it, we now have AOL to making a better map with
month. This Summer, Bing Maps added (Mapquest) and Microsoft buying OSM. OSM continues to be MICROSOFT page 23
Sponsor an OpenStreetMap layer to its up the talent that spurred all this independent as it always will be,
E-reader News Edition Technology/ Culture/ 23
MICROSOFT
Face shield could head off trauma in military continued from page 22

moving forward. And you know

(CNET News.com)
Submitted at 11/23/2010 2:22:31 PM
Soldiers may soon be able to
avoid an all too common injury
associated with modern warfare,
if a new helmet and visor design
make it to the field.
In Iraq and Afghanistan, the most
common military injury is known
as "blast-induced traumatic brain
injury." Some 130,000 U.S.
service members deployed in Iraq
and Afghanistan have sustained
traumatic brain injuries (TBIs) as
a result of explosions, according
to the Department of Defense,
which can result in concussions,
long-term brain damage, and
death. (And that number could be
even higher.)
These images show the pressure
waves transmitted to the brain
tissue for the team's three
simulation scenarios: without
head gear, with a helmet, and with
a helmet and face shield.(Credit:
Michelle Nyein)
So a team of researchers at MIT
have been using a sophisticated
computer simulator to investigate
the effects of both the Advanced
Combat Helmet(ACH) and a face
shield on that helmet.
Perhaps most surprising is their
finding that the ACH itself, in
simulation, barely mitigates the
effects of blasts. Using both the
helmet and the face shield,
however, does delay the
transmission of blast wave
stresses to the head, and could
prove to be a more effective
strategy for dealing with these
injuries.
"There is a community studying
this problem that is in dire need of
this technology," says Raul
Radovitzky, an associate director
of MIT's Institute for Soldier
Nanotechnologies, in a news
release. Radovitzky is releasing
the computer code for the creation
of the models to the public this
week, alongside the publication of
the study's findings in the
Proceedings of the National
Academy of Sciences. (For the
code, e-mail tbi-
modeling@mit.edu.)
To create the models, the MIT
team worked with David Moore, a
neurologist at the Defense and
Veterans Brain Injury Center at
Walter Reed Army Medical
Center, who uses magnetic
resonance imaging to model
features of the head. The
researchers added data from other
studies of how pigs' brain tissue
responds to mechanical events,
such as blasts, as well as details
about the explosive type, mass,
and location relative to the target.
The result: unprecedented
anatomical detail of the skull,
Center who, though not involved
in this research, chaired a
Department of Defense science
panel analyzing blast injuries on
wounded soldiers. "What is
ultimately important is the impact
of the blast on the face, skull, and
brain."
While Radovitzky at MIT sees
potential in the face shield for the
civilian population as well (think
sports injuries and car crashes),
widespread adoption beyond
combat zones might be tricky.
That helmet-in-the-car scene in "
Benny & Joon" comes to mind.
A final note. This study
compared the effects of blasts on
the head without a helmet, with a
helmet, and with a helmet and
face shield, but the source of the
blast always came from the front.
So the actual benefit of the face
shield may only come into play in
very specific angles, when the
shield itself is between the blast
and the head.
This entry passed through the
Full-Text RSS service — if this is
sinuses, cerebrospinal fluid, and your content and you're reading it
layers of gray and white matter, on someone else's site, please read
not to mention the characteristics our FAQ page at fivefilters.org/
of the blast wave itself. content-only/faq.php
"This would be difficult to test in Five Filters featured article:
any useful way without using Beyond Hiroshima - The Non-
models," says Joseph Rosen, a Reporting of Falluja's Cancer
professor of surgery at the Catastrophe.
Dartmouth-Hitchcock Medical
who wins, everyone who wants
free and open data. That's the
take away -- congratulations to
Steve Coast because he sure
deserves success, but the real
winners here are you and I.
Coast has long symbolized the
disruptive potential of free and
community edited location data.
He, his collaborators and the
OpenStreetMap project are being
counted on to keep some of the
biggest and most powerful geo-
focused corporations in the world
honest. As we enter into a period
of history in which location data
becomes even more important
than it is today, when it impacts
the everyday lives of non-
technical people more directly
than ever before, when it becomes
a key dimension in all sorts of
other data and when an era of big
data processing enables a new
world of place-based inovation on
scale - as the web enters that era
it's a very big move for Bing to
have brought this young world-
changer onto its team. Discuss

How to Verify if an Email Address Is Real or Fake [Video]

Amit Agarwal (Lifehacker) Ever wonder whether an email exists? Tech blogger Amit simple and decidedly geekier
Submitted at 11/23/2010 12:30:00 PM address someone gave you—say Agarwal explains how to verify methods. More »
billgates@gmail.com—actually an email address using both
24 Technology/
3 Analyst Firms on the Trends Shaping Despite Backing from Google,
the Future of IT
Klint Finley (ReadWriteWeb)
Submitted at 11/23/2010 11:20:00 AM
As we said last week, it's
prediction season. We've kicked
off our own trends to watch
series, but we also wanted to
check in with what the analyst
firms are saying. Forrester,
Gartner and ZapThink have all
published their own trend watch-
lists. Common themes include
cloud computing, mobility and
analytics.
Sponsor
Forrester
Forrester identified 15 trends,
broken down into five categories
in its The Top 15 Technology
Trends Enterprise Architects
Should Watch: 2011 To 2013
report. The firm used the criteria
"impact, newness, and
complexity" to determine its
list:"Empowered" Technologies:
• SaaS and cloud-based platforms
become standard
• Collaboration platforms become
people-centric
• Customer community platforms
integrate with business apps
• Apps and business processes go
mobile on powerful devices and
faster networks
• Telepresence gains widespread
use
Process-Centric Data and
Intelligence:
• Next-gen BI takes shape
combining real-time access with
pervasiveness, agility, and self-
E-reader News Edition
Alan Turing's Papers Fail to
time frame. Four Converging
Trends That Will Change the Face
Sell at Christie's Auction
Audrey Watters
of IT and Business: (ReadWriteWeb)
• Cloud
Submitted at 11/23/2010 11:58:18 AM
• Business impact of social
computing The World War II papers of
• Context Aware Computing British computer scientist and
• Pattern Based Strategy codebreaker Alan Turing went up
for auction today at Christie's in
ZapThink about £400,000 short of Christie's
London, but failed to reach the
ZapThink rounds out the analysis minimum price set by the seller. £500,000 valuation. And at the
with its five supertrends of the In an effort to keep those papers bidding this afternoon, the price
next decade: only reached £240,000. The
at Bletchley Park, the site of the
service • Location independence failure to sell the papers today
British Government Code and
• Analytics target text and social • Global Cubicle means the Park will have to look
Cypher School, Google had
networks • Democratization of technology for another deal to save the
donated $100,000 towards the bid
• IaaS nds a broader audience • Deep interoperability archive for the public.
by the Park's trust.
• Master data management • Complex Systems Engineering The collection of papers includes
Bletchley Park Trust is home to
matures a number of handwritten notes, as
the National Museum of
Adding it Up well as Turing's first published
Computing, which would like to
A g i l e a n d F i t - t o - P u r p o s e Looking over all of this, I think paper. It's thought to be the
keep Turing's work on public
Applications we can find some common display. As with any auction of largest collection in the world of
• Business rules processing and themes and boil it all down to five Turing's work. Often called "the
this sort, many fear that a private
policy-based SOA move to the points: father of the computer," Turing
collector winning the auction
mainstream • L o c a t i o n i n d e p e n d e n c e , would mean that the papers would created a machine that was able to
• BPM will be Web-2.0-enabled m o b i l i t y a n d r e m o t e w o r k not be available to the public. crack the German Enigma code
• Event-driven patterns demand • Cloud computing while he was stationed at
Sponsor
attention • Standards and interoperability Bletchley Park during World War
Google announced its
• Patterns and analytics II. He committed suicide in 1954,
contribution this morning: "Dr
Smart Technology Management • Collaboration after being sentenced to chemical
Turing is a hero to many of us at
• System management enables castration for his homosexuality.
Google for his pioneering work
continued virtualization What's Missing Last year, the British government
on algorithms and the
• IT embraces planning and The trends listed here are d e v e l o p m e n t o f c o m p u t e r apologized for Turing's
analysis tools to manage the conservative to the point of "horrifying" treatment. Discuss
science." Google's support still
future obviousness, which is fine - these left the Bletchley Park's fund
• C l i e n t v i r t u a l i z a t i o n i s really are the important trends for
ubiquitous IT managers to be looking into.
But is there anything else out
Gartner there that's staring us all in the
Gartner has a much shorter list, face but hasn't been mentioned
looking at only four high-level yet? Discuss
trends, without any reference to
E-reader News Edition Technology/ 25

Enjoy Your Unlimited Data Plan While

It Lasts
Mike Melanson move away from data as the only
(ReadWriteWeb) game in town".
Submitted at 11/23/2010 1:04:33 PM The question, of course, is what
will this sort of data pricing mean
For a couple years now, we've for innovation? When AT&T
seen carriers pushing its introduced its tiered data plans in
customers to adopt smartphones June, ReadWriteWeb's Marshall
and pay for unlimited, monthly Kirkpatrick asked precisely that
data plans. We've seen
commercials of families bonding
The problem, Valenzuela pointed question. Nearly 80% of our
out, is that just 10% of all readers said they were concerned
Field of Glory, Civ 5 out
over streaming video and students
exploring the world in new and
innovative ways. There's just one
smartphone users are using the by the limitations and Kirkpatrick
majority of data. With current asserted that most people likely for OS X
s m a r t p h o n e a d o p t i o n r a t e s , fall under the 2 GB limit, but Mike Schramm (TUAW) available on Steam under the
problem - if we keep buying into
carriers are looking at a situation "what about a future of live video SteamPlay banner, which means
these spiels, adopting
where soon cost of providing the streaming to and from mobile
Submitted at 11/23/2010 2:45:00 PM

smartphones and taking to for $50, you get both the Mac and
data being consumed will surpass d e v i c e s , v i d e o c h a t a n d Here's two good strategy game Windows versions, digitally
watching Netflix on the subway
profit. Dave Gill, the senior unforeseeable data-intensive releases for Mac OS X this week delivered to whatever computer
ride home each night, the carriers
director of mobile media at innovations?" (in case you want to spend a little you'd like. If you've ever played
are going to go out of business.
Nielsen, also spoke at the summit Update: Valenzuela contacted us time away from the family after any Civ game, you know this
Sponsor after this story was posted to offer
and offered similar conclusions. the turkey's carved and eaten). series is the pinnacle of strategy
According to Dr. Reinaldo
"You've got to somehow throttle the following: First up, Freeverse has released a titles, and the new version not
Valenzuela, director of wireless
the top end of the spectrum here "I intended to convey that usage game called Field of Glory-- it's a only adds hexes to the mix, but
research at Alcatel-Lucent Bell
to make money in this market," based pricing is one answer. turn-based hex strategy game revolutionizes battle (no more
Labs, the problem is part of what
said Gill, offering the following There are many others, like that's originally based on a stacks of doom) and streamlines
he called the "too-much-data moving away from focusing on
chart of mobile data use. tabletop title and has you fighting city defense as well. I love Civ,
paradox". Dr. Valenzuela spoke higher rate applications and usage
The Solution? Metered Pricing medieval Roman warfare across and having it available in this way
on the topic last week at the Texas
Here's the part we, as mobile based pricing and moving onto single player and multiplayer as is something to be very thankful
Wireless Summit, describing a
Web users and smartphone content based and new service well as a number of different for.
situation wherein the constant
owners, don't want to here. The revenue generation that is not scenarios and setups. The game is Field of Glory, Civ 5 out for OS
push for smartphone adoption will
answer, according to Valenzuela, directly tied up with high rate US $39.95, and includes three X originally appeared on TUAW
prove unsustainable for carriers. usage." He also said that he did
is metered pricing. expansion packs from the PC on Tue, 23 Nov 2010 14:45:00
"There's a tremendous amount of
"Inescapably," he said," we're not intent to imply "that AT&T is version, all ready to go right EST. Please see our terms for use
relevant content on great devices
going to have to start metering. If spending Billions in NYC alone away. of feeds.
at reasonably affordable rates,"
we continue to sell just bytes, to accommodate the iPhone. I do But as cool as that sounds, here's Source| Permalink| Email this|
explained Valenzuela, "however, not know what the number is for
we're going to lose money." the real hex-based strategy game Comments
networks have started crashing
In addition to metered data NYC alone. I believe they are you're waiting for: Civ 5 is out
under this pressure. It's no
pricing, said Valenzuela, the rates s p e n d i n g s u b s t a n t i a l l y i n now for the Mac. And it's
surprise that just in New York, to
for new apps and services need to capacacity nation wide." Discuss
address the iPhone, AT&T is
greatly increase and "we need to
spending billions of dollars."
26 Technology/ Culture/ E-reader News Edition

Google doodle cooks up Thanksgiving Ask a VC: Why We’re

recipes Thankful for David
(CNET News.com)
Submitted at 11/23/2010 1:55:41 PM Hornik Fruit Conserve." There's even
"Pumpkin Banana Mousse Tart."
Many will be wondering at this
Google, one of the world's most
progressive companies, might
surely have considered choosing a Sarah Lacy (TechCrunch)
Google has always given thanks. apparently novel way in which chef with a little more modern and
It gives thanks for the content Google is suddenly favoring dynamic verve. David Chang Submitted at 11/23/2010 1:01:53 PM

creators around the world who specific content by adorning it from Momofuku in New York, for
make its own job selling ads so with the company's own logo. David Hornik of August Capital
example, would have been
much more satisfying. has bailed me out in a short week
Many will be fascinated that the perfect. Jose Andres from the
But it seems a curiously original company chose Thanksgiving to by hopping into the Ask a VC
wondrous Jaleo in Washington,
step into the future for Google to e n j o y w h a t s e e m s l i k e a n chair that I neglected to book in
D.C., would have surely offered a
suddenly attempt to become a i n t e r e s t i n g c o m m e r c i a l advance. The timing wasn’t
more revolutionary and
thanks taker. For, in celebration of experiment. We haven't yet heard planned, but it’s appropriate. The
international spin on the
America's most deeply felt feast, back from Google about whether first time I ever interviewed
Thanksgiving feast.
the company is offering free this is, in fact, a first such content Hornik, I was still at
Mourad Lahlou, from San
G o o g l e - s p o n s o r e d o r i g i n a l partnership. BusinessWeek and when I asked
Francisco's finest restaurant,
content. him to send a headshot he emailed
For myself, I am struggling with Aziza, would have also brought
To reach this new culinary the choice of the Barefoot one over where he was dressed
something entirely original, yet
nirvana, you have to click on the Contessa. like some sort of pilgrim. It was
simple, to your Thursday table. get invited to every year.
n e w G o o g l e d o o d l e , w h i c h As one who has been arraigned clear back then he was not going
Once you attach your logo to a Feel free to send follow-up
features carrots, cranberries, and into watching her cooking shows, to be your average blue-shirt-and-
certain type of content, it says questions on that super angel
other entirely healthy ingredients, she seems to represent a rather khaki-wearing VC.
something about your company. debate, general advice or
n o d o u b t f r o m t h e G o o g l e conservative, nay, retrograde form You may remember Hornik from
Google, perhaps, has suddenly questions about Hornik’s
canteen. a few TechCrunchTV
of culinary presentation. Set in an decided to become a little staid. investments in companies like
Once you click, you are taken to idyllic little place that might appearances, most notably the
This entry passed through the Blippy, Stumble Upon or the Six-
Thanksgiving recipes created by remind some of Toytown, it has a five-part Super Angel-VC
Full-Text RSS service — if this is Apart-and-Video-Egg-combo-
Ina Garten, who is better known somewhat soporific nature. SMACKDOWN! with Dave
your content and you're reading it platter called Say Media.
as the TV chef, the Barefoot And the occasional set piece at McClure. My most memorable
on someone else's site, please read We film in about an hour so get
Contessa. These recipes are the end of the show, when the Hornik moment was when he
our FAQ page at fivefilters.org/ your questions in quickly to
clearly marked as being "from Contessa and her husband get dressed like Tattoo (see left) for
content-only/faq.php AskaVC(at)techcrunch(dot)com.
Google." the first Lobby conference in
together for a meal, features a Five Filters featured article: Don’t make me make up fictional
There's "Perfect Roast Turkey level of performance that some Hawaii– an invite-only
Beyond Hiroshima - The Non- readers and questions…
with Herb and Apple Stuffing." might not wish to see even in the conference he founded that
Reporting of Falluja's Cancer
There are Popovers, "Smashed most optimistic of 1950s B industry superstars, well, lobby to
Catastrophe.
Sweet Potatoes," and "Cranberry movies.

Video: Beyoncé, Blake Lively, and Kim Kardashian Talk Babies, Boys and Thanksgiving!
PopSugar (PopSugar) Beyoncé hosts Blake Lively, Kim jewelry line ahead of their
Submitted at 11/23/2010 10:36:54 AM Kardashian, and more of her Thanksgiving celebrations. Check
famous friends at the NY launch of Lorraine Schwartz's latest it out on PopSugar Rush!
E-reader News Edition
WEEK
continued from page 21
message pops up giving you the
ability to send the book out
through Facebook or your
NOOKcolor contacts. It reads:
“You may only lend this book
once. Your friend has up to 7 days
to accept or decline this offer and
then up to 14 days to read. Once
the book is returned, you can
download and read again.”
Choose wisely!
Finally, there’s the organization
of your collection. The
organization of books in several
places on NOOKcolor is
everything you’d hope it to be.
You can have them stacked on
your three-screen desktop in
different sizes, access them from
your desktop dock (which consists
of new issues from your
subscriptions as they’re released
as well as your most recent reads),
or access all of your materials in
your library. Your library is
stacked according to the kind of
material (Books, Magazines,
Newspapers) or however you’d
like in your “My Shelves” tab
which you can edit however
you’d like. There’s a “My Files”
tab inside which there’s multiple
folders which you can access
when plugging the NOOKcolor in
How to Get the Best Deals with All
Your Online Shopping [Deal Week]
Adam Dachis (Lifehacker)
Submitted at 11/23/2010 11:30:00 AM
Online shopping can quickly
become overwhelming during the
to your computer like an external
harddrive. This is an interesting
feature as it appears that basically
everything else about the device is
essentially closed-shop and
curated, but inside these folders
you can place basically anything.
As you may remember from the
hardware review portion of this
“A Week with” set of posts we’re
in, it’s not easy yet to put
whatever file you’d like in a
folder and expect it to open. Will
this be rectified in the future by
third-party apps? We’ll just have
to wait and see.
Wrap-Up
Everything depends on how you
choose to read. This is not a
device for everyone, but a reader
for people who’d like to access
several kinds of periodicals,
books, and children’s books from
one device. First and last, I’d
recommend checking to see if
your favorite titles are available or
will become available some time
in the future – do not assume
they’re going to certainly be here.
Should the NOOKcolor blow up,
that’ll be something you can
assume, but for now, be sure to
check. If your chosen titles are
here, especially if they’re
holiday season. Here's how to
stay organized, focused, and keep
Technology/ Culture/ 27
magazines and children’s books,
definitely give this device a try.
As far as e-ink goes: you must be
the one to decide. I personally do
not have any issue with reading
from a bright screen like the
NOOKcolor uses, but you’ve got
to take into account the fact that I
work on a computer screen 10+
hours a day. If you do not use a
computer at ALL during the day,
then I’d probably recommend you
get yourself an e-ink device
instead of NOOKcolor for
reading. If you’re a person who
works in the food service industry
during the day and can’t keep Cricut Cake Printer Lets
your eyes off your laptop at night,
well, then, again, feel free to give
NOOKcolor a try.
You Print Edible Goodies
Be on the lookout the rest of this Evan Selleck (SlashGear) cookie dough, tortillas, modeling
week for more posts like this, Submitted at 11/23/2010 1:33:44 PM chocolate, and soft candies. When
each of them accessible by you do, you just tell the printer
searching“A Week with” in the Having a printer that will cut out what you want printed on the
SlashGear searchbar.[This pieces of paper in distinct designs particular goodie, and the Cricut
paragraph will be replaced with isn’t new. In fact, even the Cake printer will take care of the
links to the rest of this extended original Cricut printer did the rest.
review at the end of the week] same thing. So, if you don’t want For those of you out there who
to just make the same printer, how have always wanted to decorate a
can you take the idea and make it birthday, or other celebratory
better? You add desserts, of piece of dessert but you lack the
course. The Cricut Cake printer artistic skill necessary, here’s an
looks like a normal printer, but in easy way to make it happen. But,
this version, you don’t put regular as you can probably already
paper in there. guess, this won’t be a cheap way
The Cricut Printer is able to cut
pre-determined designs into thing
sheets of sweets. You can load a
to get what you want. You’ll have
to shell out $399 to make the
Cricut Cake printer yours.
sheet of fondant in there, or even
frosting sheets. You can even put
[ via Oh Gizmo!]
on top of all the great deals when
shopping online. More »
28 Technology/
Facebook Alternative Diaspora
Launches Their Private Alpha With
Some Bet Hedging
MG Siegler (TechCrunch)
Submitted at 11/23/2010 12:48:19 PM
We’ve been tracking the progress
of Diaspora, the open-source
Facebook alternative, since before
the project even started. That’s
because the idea got so much buzz
on the crowdsourced micro-
funding site Kickstarter, that they
were able to turn a goal of raising
$10,000 in 39 days into$200,000
from 6,500 backers in the same
timeframe. But with such high
expectations, you have to deliver.
And many expressed doubts that
the small team of college students
could do that.
After the money came in, the
team sequestered themselves for
the Summer to work on the
project. Despite some hiccups,
they were able to unveil the
source of the project in September
to mixed reviews. Meanwhile, a
user-facing alpha launch was
promised for October. That came
and went, and they pushed the
launch to Thanksgiving. Well,
we’re two days away from turkey
day, and Diaspora has delivered
this time.
As the company notes on their
blog, the first batch of private
alpha invites are going out today.
They note that each week they’ll
be adding more people to the test,
starting with those who
contributed to the service’s
funding.
Says the team:
We are proud of where Diaspora
is right now. In less than five
months, we’ve gone from nothing
to a great starting point from
which the community can keep
working. We’ve spent a lot of
time thinking about how people
can share in a private way, and
still do all the things people love
to do on social networks. We
hope you’ll find it fun to use and a
great way to keep in touch with
all the people in your life.
Interestingly enough, it sounds as
if Diaspora is heavily predicated
on lists, which they call “aspects”.
This is interesting because
Facebook is going in the opposite
direction, as CEO Mark
Zuckerberg has made it clear that
people on their service don’t want
to make lists. In fact, their entire
new Groups project is a way to
make it so you don’t have to make
lists. “ We think that aspects are a
simple, straightforward,
lightweight way to make it really
clear who is receiving your posts
and who you are receiving posts
from,” writes Diaspora.
But the service is also quick to
hedge their bets. “ It isn’t perfect,
but the best way to improve is to
get it into your hands and listen
closely to your response,” they
note about the aspects idea. They
then go on to list five things they
know they could do better,
including: security, better APIs,
better documentation, easier
upgrades, and cleaner code. Yeah,
that’s quite a few major things.
“ Our work is nowhere close to
done. To us, that is the best part.
There are always more things to
improve, more tricks to learn, and
more awesome features to add,”
they conclude.
As you can see in the alpha site
graphic below, they’re smartly
playing towards some of the
things people complain about the
most with regard to Facebook:
choice, ownership, simplicity.
CrunchBase Information
Diaspora Facebook Information
provided by CrunchBase
E-reader News Edition
Acer Android Tablets
Hands-On
Chris Burns (SlashGear) the 10.1-inch dual-core Tegra-
Submitted at 11/23/2010 2:03:18 PM powered tablet though, taking a
peek at some high definition
The folks from Engadget that v i d e o b u t n o t i n g i t t o b e
were in the super fancy fashion “sluggish” and seeming very
audience sitting around the much like a pre-production
runway at the Acer global press device.
c o n f e r e n c e t o d a y h a d t h e Once they were able to see the 7-
opportunity to put their hands on inch tablet and 4.8-inch phone,
several of the devices announced they noted that they too seemed to
at the event, including the 10.1- look and feel like very pre-
inch tablet, 4.8-inch smartphone, production units, but did have
and 7-inch tablet. Sadly, because nice glossy black screens and
m o s t o f t h e t a b l e t s A c e r brushed metal backs. They note
announced today are going to be that the phone’s screen seems
running on Android Honeycomb huge[read more here] and that for
( G o o g l e ’ s t a b l e t O S ) , t h e y the most part all of the devices
basically didn’t function at the looked decent. Exciting?!
moment. They did get to peek at [ Via Engadget]
E-reader News Edition
Blekko Partners Up With Search
Engine DuckDuckGo
Alexia Tsotsis (TechCrunch)
Submitted at 11/23/2010 12:50:58 PM
Blekko, the little search engine
that could, has just come off the
success of hitting one million
search queries day and 30,000
slashtags (human curated search
topics like /colleges, /vegan, /
blogs) created in it’s first week of
existence.
Now it has taken a unique“if you
can’t beat them, join ‘em”
approach to the search and
hooked up with fellow market
outlier DuckDuckGo, which like
Blekko, is a search engine that
prides itself on having more
relevant results than Google or
Bing with the added bonus of not
keeping any of your personally
identifiable info.
“Both our companies share the
same mission of eliminating spam
from search so that users get
information from the best and
most relevant sources on the
Web,” said Blekko CEO Rich
Skrenta.
As of today Blekko will
incorporate DuckDuckGo’s Zero-
Click Info summaries on a site by
site basis, which can be ironically
accessed by yes clicking on “info”
in the search results while you’re
on Blekko and show up at the top
of your query page while on
DuckDuckGo.
DuckDuckGo search results will
now be powered by Blekko for
the following heavy hitting
searches: “personal
finance,”"lyrics,”"recipes,”"hotels
,”"health,”"colleges,” and “autos.”
Blekko itself has been
experimenting with auto-applying
slashtags to these categories in
order to improve queries, for
example using the slashtag /health
to cull better results for the search
“cure for colds.”
DuckDuckGo users will also be
able to search for the most recent
results with /date, which is
actually my favorite feature on
Blekko and is especially useful if
you’re looking for news articles
or blog posts or any thing
chronological.
Blekko has come up with some
highly original ways to keep users
coming back (check out its SEO
tools) and I wouldn’t be surprised
if DuckDuckGo isn’t the last
partnership we see from the well
coffered search engine. Says
Skrenta“We got a lot of money in
the bank [$24 million to be
exact] so we’re not going
anywhere.”
You can check out our TCTV
interview with Skrenta here and
our full review of Blekko here.
CrunchBase Information Blekko
Duck Duck Go Information
provided by CrunchBase
Technology/ Culture/ 29
TheCoolist Goes Behind
the Scenes at Gilt
alice (Featured Blog Posts - My as our motto states, we're all about
Modern Metropolis) sharing, inspiring and connecting.
That doesn't just apply to within
Submitted at 11/23/2010 7:00:00 PM
this social network but to artists
TheCoolist’s Mike Payne and their enthusiasts as well as
Yesterday, we connected with the from publisher to publisher.
publisher running one of our For now, check out some of the
f a v o r i t e w e b s i t e s a r o u n d , great content on TheCoolist.
TheCoolist. Mike Payne curates Recently, they went behind the
this modern lifestyle site that scenes at Gilt, showing us how
always features the latest and this three-year-old fashion startup,
greatest in cars, watches, art, making $500 million in sales this
design, etc. In the future, you're year, efficiently operates. It's a
going to see us working more fascinating story and well worth a
closely with the people behind the look.
websites we love. Why? Because
30 Technology/ Culture/ E-reader News Edition

The Selby
and The
Spades
Habitually Chic (Habitually
Chic®)
Submitted at 11/22/2010 4:55:00 PM

I kept hoping that someone else

would photograph Kate and Andy
Spade's apartment and my wish
was finally granted. The Selby has
finally come uptown and shot
their fabulous home for his site. I
remember seeing an interview of
the Spades touring this apartment
Why I'm skipping AirPlay when it was in its original
untouched condition. I'm happy
Victor Agreda, Jr. (TUAW) Airport Express I have is an older is a 3rd party application on the stream music or photos or movies to see they kept many of its
Submitted at 11/23/2010 2:30:00 PM model that causes my Airport store right now that will do this from your Mac to your iDevice? charming details such as the old
Extreme Base Station to freak out, called AirVideo. In fact, true to its View Poll fashioned light switches. I can't
It's pretty simple: I want to requiring frequent reboots of name, it'll stream more than photo by flickr user niceness wait to zoom in and see what's on
stream music from my Mac to my either device, often randomly, music. I used to use Airfoil to do Why I'm skipping AirPlay their bookshelves and study their
iPad or iPhone. Why? Because I never at a good moment. Yet, this from Mac to Mac and from originally appeared on TUAW on art collection. They also make me
sometimes connect one of those with all the awesomeness of Mac to iPhone. Why this Tue, 23 Nov 2010 14:30:00 EST. want to paint something red! For
iOS devices to a home stereo. AirPlay, I cannot do one simple seemingly simple use case is Please see our terms for use of even more photos and a funny
Those devices do not contain my thing: play music (or anything hobbled by Apple's design is feeds. little interview, check out The
e n t i r e i T u n e s l i b r a r y . else) from my $2,000+ MacBook beyond me. It's such a puzzler that Source| Permalink| Email this| Selby!
Unfortunately, AirPlay won't let Pro to my iPad. Instead, Apple I wrote Steve Jobs an email about Comments Photos by The Selby
me stream my iTunes library to wants me to pony up another $99 it. Naturally, I have yet to hear
my iOS devices. Thus, I'm not for an Apple TV -- a device I from him.
able to use AirPlay in my home. simply don't need right now. So I'm throwing it open to the
I don't own an Apple TV. The I'm not sure why this is so. There audience: would you also like to
E-reader News Edition
OpenFeint has doubled community
since Game Center's launch
Mike Schramm (TUAW)
Submitted at 11/23/2010 3:30:00 PM
When Game Center was first
announced way back in April, the
first question everyone had was
about all of the third-party
networks that had already built up
in the space. OpenFeint was the
biggest of these, and founder
Jason Citron had no apparent
worries about Apple's advance
into social gaming -- he said that
OpenFeint would continue to
offer features beyond what Game
Center did, and that developers
would be easily able to use both
networks in their apps. A report
released last week by OpenFeint
Technology/ Culture/ 31
Ryan and Julianne Bring
Their PDA, and His
Parents, on a Trip to Paris!
Allie Merriam (PopSugar)
Submitted at 11/23/2010 11:30:00 AM
Julianne Hough linked her arm
with boyfriend Ryan Seacrest's
this morning while out for a
romantic stroll in Paris. Ryan had
another lady holding on as well,
as his mother and father
accompanied them on the trip to
France. Julianne and Ryan were
unsupervised during their
a p p e a r a n c e S u n d a y a t t h e early side ahead of a good
American Music Awards in LA, evening nap.
where she stunned on the red
carpet, and he said a few words
from the stage. It's Ryan and To see more Julianne, just read
s a y s t h a t ' s e x a c t l y w h a t ' s There's definitely room for Julianne's latest romantic getaway
more.
happened -- the userbase has s e r v i c e s l i k e P l u s + a n d following Summer excursions to
View 20 Photos ›
doubled to a whopping 50 million OpenFeint, even with an official Italy and Mexico, and now they're
users since Game Center network up and running. p r e p p i n g f o r a n e a r l y
launched, and games on the OpenFeint, as far as I've been Thanksgiving dinner eaten on the
network have also increased told, is also still planning the
119% since Game Center was OpenFeint X service, with more
announced. options for in-game Why You Should Rely
T h o s e a r e p r e t t y a m a z i n g microtransactions, so we'll have to
numbers -- there was a lot of talk see what they're up to next.
earlier this year that Apple would OpenFeint has doubled Less on Your Resume
walk into this space and just community since Game Center's
dominate (and certainly, I've seen launch originally appeared on
a lot of solid Game Center TUAW on Tue, 23 Nov 2010
[Jobs]
integration since release, and of 15:30:00 EST. Please see our Adam Pash (Lifehacker)
course because Game Center is terms for use of feeds. Submitted at 11/23/2010 11:00:00 AM
automatically installed in iOS, Source| Permalink| Email this|
adoption is probably huge), but Comments A great resume could be your
that hasn't been the case at all. ticket to landing a new job, but as
your resume can do more harm
information security expert Lenny
than good. More »
Zeltser points out, sometimes
32 Technology/ Culture/ E-reader News Edition

Sony PS3 Launching 50 3D-Capable

Video Games in the Near Future
Evan Selleck (SlashGear) to play through the title with 3D
visuals turned on. As a new report
AAA titles that we heard were
getting the 3D treatment in the
Art Collector's Paradise
Submitted at 11/23/2010 1:23:50 PM
Habitually Chic (Habitually while remaining elegant yet
from Develop states, Sony’s future. Chic®)
Back in June, we reported that p u s h i n g e v e n h a r d e r n o w , Hocking believes that, due to the comfortable. I especially love
Sony was going full-steam ahead applying 3D technology to 50 hype of 3D and the fact that Submitted at 11/23/2010 3:09:01 PM how the light is reflected in all the
with the adoption of 3D, and that titles in the near future. developer’s are jumping onto the lacquered walls and the light
many of their titles heading to the Candia Fisher is a serious art colors don't compete with the East
According to SCEE studio bandwagon, goes to show how
PlayStation 3 video game console director, Mick Hocking, Sony is collector but then again, she River views. The apartment was
popular 3D is. Especially when it
w o u l d b e g e t t i n g t h e 3 D internally developing upwards of learned from the best. Her featured in the November 2009
comes to video games in the
“improvement.” Many of those 20 titles for the 3D conversion. mother, Emily Fisher Landeau is a issue of Elle Decor but I've found
home. Of course, there’s no
titles, as was suggested, would be That’s part of the total 50 games serious collector of modern art as more photos that give you a
chance that Sony is going to stop
triple-A titles, some of which being converted. Some of those well as, a trustee of of the complete picture of this art
the 3D assault any time soon. The
would even be coming from games, Hocking says, are major Whitney Museum of American collector's paradise. Enjoy!
interesting part will be to see
Sony’s first party developers. names. Whether that means Art. Candia's duplex apartment Photos by Ricky Zehavi and
which games, especially the
Titles like Killzone 3 are being development teams, or the games was designed by Aman & Carson Pieter Estersohn
ridiculously popular ones, get the
treated to the 3D experience, and is unclear. But, if it is the games and highlights the fabulous art
same treatment.
even recent releases like Call of that are featuring the “big names,” [ via Joystiq]
Duty: Black Ops have the ability that would line up with the triple-
E-reader News Edition
TiVo announces iPad app to control
TiVo box
Michael Gray (TUAW)
Submitted at 11/23/2010 3:00:00 PM
If you're like most iPad users,
then you probably surf the web
and check out IMDB with your
iPad while watching anything that
might be showing on the
television. TiVo knows this,
embraces this, and wishes to
support this. They want to make
the experience between your
television and your iPad even
closer.
TiVo announced Monday a new,
upcoming iPad app that will let
you use many features of the
TiVo service all on your iPad,
without ever interrupting what's
happening on your larger
television screen.
The TiVo iPad application will
allow you to browse TiVo's
program guide, schedule
recordings, remotely control your
TiVo unit, and browse your
library of recorded shows.
Additionally, the app will search
both broadcast TV and premium
Pic of the Day: Foil Face
Eugene (Featured Blog Posts -
My Modern Metropolis)
Submitted at 11/23/2010 9:00:00 AM
The Worn-Out Heart
Helen Vendler (The New
Republic - All Feed)
Submitted at 12/1/2010 11:00:00 PM
services like Netflix, let you
check out the cast and crew
information of any shows you're
watching, as well as schedule
shows to be recorded while you're
on the road.
Upcoming does mean that it's not
out yet, but TiVo says we'll be
notified in the customer
newsletter as soon as the app is
available. It will be interesting to
get our hands on the TiVo app
British designer Dominic Wilcox
created this fragile sculpture by
forming tin foil onto an old plaster
mold.
Canti
By Giacomo Leopardi
Translated and annotated by
Jonathan Galassi
since it really could open up a lot
of powerful features.
[Via PCMag.com]
TiVo announces iPad app to
control TiVo box originally
appeared on TUAW on Tue, 23
Nov 2010 15:00:00 EST. Please
see our terms for use of feeds.
Source| Permalink| Email this|
Comments
Dominic Wilcox
(Farrar, Straus and Giroux, 498
pp., $35)
Technology/ Culture/ Politics-Left/ Food/ 33
16 Unusual Facts About the
Human Body
(HowStuffWorks Daily Feed)
Submitted at 11/23/2010 1:00:56 PM
Digital Vision
-
---People will often say they
know somethin-g "like the back of
their hand" to indicate that they're
familiar with it top to bottom. But our FAQ page at fivefilters.org/
how much do you actually know content-only/faq.php
about your own body? We've got Five Filters featured article:
16 tidbits that may surprise you. Beyond Hiroshima - The Non-
This entry passed through the Reporting of Falluja's Cancer
Full-Text RSS service — if this is Catastrophe.
your content and you're reading it
on someone else's site, please read
Lightened Holiday Classics
(Cooking Light: Editor's Picks) This entry passed through the
Full-Text RSS service — if this is
This casserole exemplifies the your content and you're reading it
power of moderation. A holiday on someone else's site, please read
treat, sweet potatoes are also high our FAQ page at fivefilters.org/
in fiber and Vitamin A. The content-only/faq.php
pecans on top provide a healthy Five Filters featured article:
amount of monounsaturated fat. Beyond Hiroshima - The Non-
View Recipe: Traditional Sweet Reporting of Falluja's Cancer
Potato Casserole Next Carrot Catastrophe.
Soufflé
via [ thedailywh.at], [ toxel], [
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34 Policy/ Food/ E-reader News Edition

Fraud, Disqualifications Draw Out Elections in Afghanistan

(AEI.Org: Articles) votes, discounting results from stage protest rallies in the capital in opposition daily Jawedan read, Qanuni as head of the house for
Submitted at 11/22/2010 5:00:00 PM 650 voting centers, and ordering a and the provinces. Hundreds of "Country's Attorney General an another five years. Other reports
recount of votes in 500 vote disgruntled candidates have Instrument to Pressure suggest Karzai may call for new
On September 18, over 5 million centers in all of Afghanistan's 34 formed a new coalition, calling Independent Election elections in certain provinces
Afghan men and women braved provinces. the vote "illegitimate and illegal" Commission." Mohammad Yunis where the turnout was very low or
Taliban threats to vote in their Ahmad Zia Rafat, spokesman for and warning of national protests if Qanuni, speaker of the lower where security prevented voting.
s e c o n d - e v e r p a r l i a m e n t a r y the ECC, told a press conference their complaints are not house, said the parliament had This may lead non-Pashtun
e l e c t i o n . M o r e t h a n 2 , 5 0 0 that the disqualified candidates addressed. "deep concerns" about the candidates to boycott or resort to
candidates, including over 400 did not have the right to appeal, Video and audio recordings Attorney General's Office's violence.
women, contested 249 seats in and suggested other winning documenting fraud and interference. Western observers What does this mean for the
lower house of parliament. The candidates might be disqualified. irregularities have appeared on agree that Karzai is using the United States? First, political
elections were a litmus test for Afghan election officials Afghan television and radio Attorney General's Office as a instability may further complicate
Karzai to regain legitimacy after continue to try to sort out the networks. The latest and most tool to change the results. U.S. and NATO's plan to begin
last year's fraud-marred polls and m e s s . O n N o v e m b e r 2 1 , significant was a secretly recorded There are reasons for the Karzai transition of security
an opportunity for the Obama Afghanistan's election watchdog telephone conversation in which administration to try to influence responsibilities to Afghan forces
administration to demonstrate d i s q u a l i f i e d 1 9 w i n n i n g Ismail Khan, former governor of the vote results. The preliminary next year; and, second, a
progress in Afghanistan that the candidates for alleged fraud, Herat Province, said to an election results indicate a shift of power in parliament dominated by non-
president might springboard into including seven close allies of official: "I hope that the next the new parliament. Pashtun Pashtun minorities will also try to
justification for the withdrawal of Pres. Hamid Karzai, most notably results you announce will be all of candidates have lost perhaps 20 block Karzai's peace efforts with
100,000 American troops Hashmatullah Karzai, the the people that I have named for seats. In the majority-Pashtun the Taliban. Ahmad Majidyar is a
s t a t i o n e d i n t h e c o u n t r y . president's cousin, and Ahmad you." province of Ghazni, for example, senior research associate at AEI.
T h e e l e c t i o n s d i d n o t g o Wahid Tahiri, brother of Karzai Government pressure on the ECC all eleven seats went to candidates Photo Credit: Ahmad Massoud
smoothly. Massive fraud, low national security adviser Rangin is increasing. The office of from the Hazara minority. (UNAMA)
turnout, violence in Pashtun- Dadfar Spanta. Afghanistan's attorney general Security problems and poll This entry passed through the
d o m i n a t e d r e g i o n s , a n d Ahmad Zia Rafat, spokesman for issued a 48-hour ultimatum to the closures in violent Pashtun areas Full-Text RSS service — if this is
government interference have the ECC, told a press conference ECC to allow the body to may have undercut Pushtun your content and you're reading it
called into question the legitimacy that the disqualified candidates investigate election complaints or representation. The current tally on someone else's site, please read
of the vote. More than 4,000 did not have the right to appeal, it would suspend commission for Pashtuns elected stands at 90, our FAQ page at fivefilters.org/
formal complaints were filed with and suggested other winning officials. The commission rejected making the country's largest content-only/faq.php
t h e U . N . - b a c k e d E l e c t i o n candidates might be disqualified. the warning on the grounds that it ethnic group a minority in the 249 Five Filters featured article:
Complaints Commission (ECC), The disqualifications add to a would contravene the ECC's -member lower house. Beyond Hiroshima - The Non-
with more than half of those string of controversies that have independence. (Article 156 of the More problems may be on the Reporting of Falluja's Cancer
serious enough to affect the final undermined the legitimacy of the constitution mandates that the horizon. Karzai may refuse to Catastrophe.
results. On October 20, the parliamentary elections and have ECC is the only authority accept the results. There are
Independent Election Commission delayed the vote results for two responsible for assessing election rumors, denied by Qanuni, that
(IEC) announced the preliminary months now. complaints based on article 61 of Karzai struck a deal with Qanuni
results, canceling 1.3 million Losing candidates continue to the election law.) A commentary to discount the vote and reinstate
Our Best Healthy Pies
(Cooking Light: Editor's Picks) Full-Text RSS service — if this is Five Filters featured article:
your content and you're reading it Beyond Hiroshima - The Non-
Sorry, Readability was unable to on someone else's site, please read Reporting of Falluja's Cancer
parse this page for content. our FAQ page at fivefilters.org/ Catastrophe.
This entry passed through the content-only/faq.php
E-reader News Edition Policy/ TV/ 35

Health Reform's Competition Crushers

(AEI.Org: Articles) These exchanges are where most Permanente, where providers are with the concept of giving
Submitted at 11/22/2010 5:00:00 PM Americans will eventually buy salaried employees of a large providers a financial incentive to
their "private" insurance--and the (preferably not-for-profit) entity. band together and coordinate
Liberal consumer groups are White House is working to give The assumption is that insurers patient care. The problem isn't the
aghast to learn that the Obama the ACOs privileges that will let are just costly middlemen and ACOs, but the government rules
health team are really monopolists them undersell normal health doctors financially conflicted that will anoint hospitals as the
at heart, bent on handing hospitals insurers. unless they are given a salary stewards and then tilt the
a cartel in their local markets. The Obama team is now writing rather than a fee for each service marketplace in their favor, On the 'Skating' Scene:
Sunday's New York Times report regulations that are likely to they provide. helping them to prevail over Do Female Celebrities
on this horror confirms what I exempt ACOs from some of the But ACOs are no miracle cure. If private health plans regardless of
wrote about in these pages weeks costly rules that private providers they squeeze out insurers, that the quality and efficiency of the
Have the Edge?
ago ("Killing Marcus Welby," have to play by. For example, the will invariably limit the choice care that the ACOs deliver. Michael Maloney (TV Squad)
PostOpinion, Oct. 18). I warned "Stark" rules bar health-care that patients have on the new Congress must use its oversight Submitted at 11/23/2010 9:00:00 AM
that the creation of "accountable p r o v i d e r s f r o m o w n i n g t h e exchanges. People will be tied to powers to ensure that the ACOs
care organizations," which put facilities that they refer patients to their local community for most if have to play by the same rules as Filed under: Celebrity Interviews
hospitals in control of all the --so that doctors won't have a not all their health care. Going other providers. Restrictions on The first episode of'Skating With
doctors in their outlying areas, financial incentive to prescribe "out of network" will be hard if local monopolization and self- the Stars' is in the can and
would lead to concentrated power treatments simply because they'll not impossible. dealing grew out of corruption Rebecca Budig('All My Children')
over the provision of medical care get a cut. But ACOs may escape Since the ACOs will have local that harmed patients. The ACOs is in a clear lead with 45 (out of
--turning physicians into salaried these restrictions. monopolies, they'll also have little shouldn't get a pass on these rules 60) points, while rocker Vince
e m p l o y e e s a n d r e d u c i n g The ACO concept aims to copy incentive to compete for more so that the White House can erect Neil trails in last place with 28
consumer choices. groups such as Kaiser patients in an open marketplace. the edifice for a nationalized points.
ACOs were invented as a way to Permanente, where providers are Yet this is the only incentive that health-care system. In skating, the men have to lift
cut costs in Medicare. But the salaried employees of a large would spur an ACO to truly Dr. Scott Gottlieb is a resident their female partners, which begs
administration plainly means to (preferably not-for-profit) entity. innovate and improve its delivery fellow at AEI. the question: the female
use them as the tools for vastly The Obama team may also of medical care and offer better Photo Credit: iStockphoto/ celebrities have an advantage in
greater government control of the release the ACOs from key anti- services. Bluberries 'SWTS' over their male
health-care system, by having t r u s t p r o v i s i o n s . M e d i c a r e Private health plans vie to This entry passed through the competitors?
them displace traditional health r e c e n t l y d i s c u s s e d s u c h contract with the best doctors and Full-Text RSS service — if this is "It's definitely a slight edge,"
plans. exemptions with the Federal hospitals, creating market prices your content and you're reading it judge Johnny Weir, a U.S
In anticipation of this, the Trade Commission, so that an for services and competition to on someone else's site, please read Championship skater,
m a r k e t p l a c e i s a l r e a d y ACO can control all the doctors improve outcomes. If the ACOs our FAQ page at fivefilters.org/ acknowledged to TV Squad after
consolidating. The resulting ACO and health-care facilities in its squeeze out this competition, the content-only/faq.php the premiere. "But [female
monopolies will solidify the local marketplace. But these result will be a de facto "single Five Filters featured article: celebrities] have to back that up.
effects of ObamaCare. Even if the antitrust provisions exist precisely payer": Every market will be Beyond Hiroshima - The Non- They have someone who can
"reform" law is repealed in a few because of fear that a consolidated controlled by a single ACO, Reporting of Falluja's Cancer carry them around for 10 seconds,
years, it may be too late. medical provider could drive up which will in turn answer directly Catastrophe. but they can't look like a rock
The ACOs will offer coverage regional health-care costs and/or to the feds, with government when they're set down. You have
d i r e c t l y v i a t h e i n s u r a n c e lower the quality of medical care. regulators setting the prices and to be able to stand on your own
exchanges that the ObamaCare The ACO concept aims to copy all the terms of care. two blades."
law orders into being in 2014. g r o u p s s u c h a s K a i s e r There's nothing inherently wrong Permalink| Email this| Linking
Blogs| Comments
36 Economy/
November FOMC Minutes Reveal Significant Concern About
The Dollar Getting Crushed
Joe Weisenthal (Money Game)
Submitted at 11/23/2010 1:02:00 PM
Just out...
The general gist: Most members
supported QEII at the November
2-3 meeting, but there was talk
about the negative effects on the
dollar.
This is the key excerpt:
Most participants judged that a
program of purchasing additional
longer-term securities would put
downward pressure on longer-
term interest rates and boost asset
prices; some observed that it
could also lead to a reduction in
the foreign exchange value of the
dollar. Most expected these
changes in financial conditions to
help promote a somewhat
stronger recovery in output and
employment while also helping
return inflation, over time, to
levels consistent with the
Committee's mandate. In
addition, several participants
argued that the stimulus provided
by additional securities purchases
would help protect against further
disinflation and the small
probability that the U.S. economy
could fall into persistent deflation-
-an outcome that they thought
would be very costly. Some
participants, however, anticipated
that additional purchases of
longer-term securities would have
only a limited effect on the pace
of the recovery; they judged that
the economy's slow growth
largely reflected the effects of
factors that were not likely to
respond to additional monetary
policy stimulus and thought that
additional action would be
warranted only if the outlook
worsened and the odds of
deflation increased materially.
Some participants noted concerns
that additional expansion of the
Federal Reserve's balance sheet
could put unwanted downward
pressure on the dollar's value in
foreign exchange markets.
Several participants saw a risk
that a further increase in the size
of the Federal Reserve's asset
portfolio, with an accompanying
increase in the supply of excess
reserves and in the monetary base,
could cause an undesirably large
increase in inflation. However, it
was noted that the Committee
had in place tools that would
enable it to remove policy
accommodation quickly if
necessary to avoid an undesirable
increase in inflation.
Read the whole thing >
--------
A meeting of the Federal Open
Market Committee was held in
the offices of the Board of
Governors in Washington, D.C.,
on Tuesday, November 2, 2010,
at 1:00 p.m. and continued on
Wednesday, November 3, 2010,
at 9:00 a.m.
PRESENT:
Ben Bernanke, Chairman
William C. Dudley, Vice
Chairman
James Bullard
Elizabeth Duke
Thomas M. Hoenig
Sandra Pianalto
Sarah Bloom Raskin
Eric Rosengren
Daniel K. Tarullo
Kevin Warsh
Janet L. Yellen
Christine Cumming, Charles L.
Evans, Richard W. Fisher,
Narayana Kocherlakota, and
Charles I. Plosser, Alternate
Members of the Federal Open
Market Committee
Jeffrey M. Lacker and Dennis P.
Lockhart, Presidents of the
Federal Reserve Banks of
Richmond and Atlanta,
respectively
John F. Moore, First Vice
President, Federal Reserve Bank
of San Francisco
William B. English, Secretary
and Economist
Deborah J. Danker, Deputy
Secretary
Matthew M. Luecke, Assistant
Secretary
David W. Skidmore, Assistant
Secretary
Michelle A. Smith, Assistant
Secretary
Scott G. Alvarez, General
Counsel
Thomas C. Baxter, Deputy
General Counsel
Nathan Sheets, Economist
David J. Stockton, Economist
James A. Clouse, Thomas A.
Connors, Jeff Fuhrer, Steven B.
Kamin, Simon Potter, Lawrence
Slifman, Christopher J. Waller,
and David W. Wilcox, Associate
Economists
Brian Sack, Manager, System
Open Market Account
Patrick M. Parkinson, Director,
Division of Bank Supervision and
Regulation, Board of Governors
Nellie Liang, Director, Office of
Financial Stability Policy and
Research, Board of Governors
William Nelson, Deputy
Director, Division of Monetary
Affairs, Board of Governors
Linda Robertson, Assistant to the
Board, Office of Board Members,
Board of Governors
Charles S. Struckmeyer, Deputy
Staff Director, Office of the Staff
Director, Board of Governors
Seth B. Carpenter and Andrew T.
Levin, Senior Associate
Directors, Division of Monetary
Affairs, Board of Governors;
Michael Leahy, Senior Associate
Director, Division of International
Finance, Board of Governors;
David Reifschneider, Senior
Associate Director, Division of
Research and Statistics, Board of
Governors
Stephen A. Meyer, Senior
Adviser, Division of Monetary
Affairs, Board of Governors
Daniel M. Covitz and David E.
Lebow, Deputy Associate
Directors, Division of Research
and Statistics, Board of
Governors; Gretchen C.
Weinbach, Deputy Associate
Director, Division of Monetary
Affairs, Board of Governors
Brian J. Gross, Special Assistant
E-reader News Edition
to the Board, Office of Board
Members, Board of Governors
Mark A. Carlson, Economist,
Division of Monetary Affairs,
Board of Governors
Randall A. Williams, Records
Management Analyst, Division of
Monetary Affairs, Board of
Governors
Sarah G. Green, First Vice
President, Federal Reserve Bank
of Richmond
Loretta J. Mester, Harvey
Rosenblum, Daniel G. Sullivan,
and John C. Williams, Executive
Vice Presidents, Federal Reserve
Banks of Philadelphia, Dallas,
Chicago, and San Francisco,
respectively
David Altig, Richard P. Dzina,
Mark E. Schweitzer, and Kei-Mu
Yi, Senior Vice Presidents,
Federal Reserve Banks of Atlanta,
New York, Cleveland, and
Minneapolis, respectively
Todd E. Clark, Vice President,
Federal Reserve Bank of Kansas
City
Robert L. Hetzel, Senior
Economist, Federal Reserve Bank
of Richmond
The meeting opened with a short
discussion regarding
communicating with the public
about monetary policy
deliberations and decisions.
Meeting participants supported a
review of the Committee's
communication guidelines with
the aim of ensuring that the public
NOVEMBER page 37
E-reader News Edition
NOVEMBER
continued from page 36
is well informed about monetary
policy issues while preserving the
necessary confidentiality of policy
discussions until their scheduled
release. Governor Yellen agreed
to chair a subcommittee to
conduct such a review.
Developments in Financial
Markets and the Federal
Reserve's Balance Sheet
The Manager of the System Open
Market Account (SOMA)
reported on developments in
domestic and foreign financial
markets since the Committee met
on September 21, 2010. He also
reported on System open market
operations, including the
continuing reinvestment into
longer-term Treasury securities of
principal payments received on
the SOMA's holdings of agency
debt and agency-guaranteed
mortgage-backed securities
(MBS). The Open Market Desk at
the Federal Reserve Bank of New
York purchased a total of about
$65 billion of Treasury securities
since the Committee decided, on
August 10, to begin reinvesting
such principal payments.
Purchases were concentrated in
nominal Treasury securities with
maturities of 2 to 10 years, though
some shorter-term and some
longer-term securities were
purchased along with some
Treasury inflation-protected
securities (TIPS). Over the
intermeeting period, the Desk
also conducted a number of small-
value tri-party reverse repurchase
operations with the primary
dealers and with money market
mutual funds that have been
accepted as counterparties for
such operations; these
transactions, which the Desk
conducted to ensure continuing
operational and systems readiness,
used Treasury securities, agency
debt, and agency-guaranteed MBS
as collateral. In addition, the
Federal Reserve conducted
another small-value auction of
term deposits to ensure the
continued operational readiness of
the term deposit facility and to
increase the familiarity of eligible
depository institutions with the
auction procedures. There were
no open market operations in
foreign currencies for the
System's account over the
intermeeting period. By
unanimous vote, the Committee
ratified the Desk's transactions
over the intermeeting period.
The Manager described the
tentative plans the Desk had
prepared for implementing a
possible Committee decision to
expand further the System's
holdings of longer-term Treasury
securities. Purchases would
continue to be concentrated in
nominal Treasury securities with
remaining maturities between 2
and 10 years, with some
purchases of shorter- and longer-
term securities and of TIPS; with
this maturity distribution, newly
purchased securities would be
expected to have an average
duration of 5 to 6 years,
essentially the same as the
average duration of the System's
existing holdings of Treasury
securities. The Desk planned to
publish additional information
about its transactions to increase
the transparency of, and
encourage wider participation in,
future purchase operations. The
Desk judged that if it continued
reinvesting principal payments
from the Federal Reserve
System's holdings of agency debt
and agency MBS in longer-term
Treasury securities, then it could
purchase additional longer-term
Treasury securities at a pace of
about $75 billion per month while
avoiding disruptions in market
functioning. The Manager
indicated that implementing a
sizable increase in the System's
holdings of Treasury securities
most effectively likely would
entail a temporary relaxation of
the 35 percent per-issue limit on
SOMA holdings under which the
Desk had been operating;
whether, and to what extent, the
System's holdings of some issues
would exceed 35 percent would
depend on the specific securities
that dealers choose to offer at
future auctions. Finally, the
Manager summarized the
implications for the Federal
Reserve's balance sheet and
income statement of alternative
decisions that the Committee
might make about the size and
maturity distribution of the
SOMA's securities holdings.
Participants discussed the Desk's
tentative operational plans; they
also discussed the potential effects
of an expansion of the System's
holdings of longer-term securities
on financial markets and
institutions and on the economy,
and the channels through which
those effects could occur.
Staff Review of the Economic
Situation
The information reviewed at the
November 2-3 meeting indicated
that the economic recovery
proceeded at a modest rate in
recent months, with only a
gradual improvement in labor
market conditions, and was
accompanied by a continued low
rate of inflation. Consumer
spending, business investment in
equipment and software, and
exports posted further gains in
the third quarter, and nonfarm
inventory investment stepped up.
But construction activity in both
the residential and nonresidential
sectors remained depressed, and a
significant portion of the rise in
domestic demand was again met
by imports. U.S. industrial
production slowed noticeably in
August and September, hiring at
private businesses remained
modest, and the unemployment
rate stayed elevated. Headline
consumer price inflation was
subdued in recent months, despite
a rise in energy prices, as core
consumer price inflation trended
lower.
Private businesses continued to
increase their demand for labor
only modestly. In September,
private nonfarm payroll
employment remained on a
gradual uptrend, and the average
workweek of all private-sector
employees was unchanged for a
third month. In addition, the
number of individuals working
part time for economic reasons
moved back up for a second
37
month, and the available measures
of job openings and hiring were
still low. The unemployment rate
remained at 9.6 percent in
September, leaving the average
rate for the third quarter only
slightly below its average over
the first half of the year. Long-
duration unemployment
continued to recede somewhat but
was still very high. Indicators of
layoffs remained elevated,
although initial claims for
unemployment insurance drifted
down a little during October. The
labor force participation rate in
September was unchanged at a
level lower than earlier in the
year.
After rising rapidly from mid-
2009 to mid-2010, industrial
production decelerated in August
and edged down in September. In
the manufacturing sector, output
gains across a wide range of
industries were smaller in recent
months, and capacity utilization
leveled off at a rate still well
below its longer-run average.
Production of motor vehicles
picked up during the third quarter
as automakers replenished
dealers' stocks, but motor vehicle
assemblies were scheduled to
drop back in coming months.
More broadly, October surveys of
new orders received by
manufacturers suggested that
demand for factory goods had
continued to increase.
Real personal consumption
expenditures (PCE) rose at a
moderate rate in the third quarter.
NOVEMBER page 38
38
NOVEMBER
continued from page 37
Rising equity prices likely
resulted in some further
improvement in net worth over
the same period. However, real
disposable personal income,
which rose strongly in the first
half of the year, increased only
slightly in the third quarter. As a
result, the personal saving rate
dropped back somewhat in the
third quarter, although it
remained near the high levels that
have prevailed since late 2008.
Bank lending standards were still
relatively tight, and household
borrowing remained low. Surveys
taken in September and October
indicated that consumers were
slightly more pessimistic about
the economic outlook than earlier
in the year.
Activity in the housing market
remained exceptionally weak.
Although sales of new and
existing homes turned up in
August and September, the still-
low level of demand suggested
that the payback for the earlier
boost to sales from the homebuyer
tax credit had not yet faded.
Moreover, despite further declines
in mortgage interest rates in
recent months, other factors
continued to restrain housing
demand, including consumer
pessimism about the outlook for
jobs and income, the depressed
rate of household formation, and
tight underwriting standards for
mortgages. In addition, the
moratoriums recently announced
by some banks on the sale of
properties they had seized in
foreclosures were likely to damp
home sales further in the near
term. Starts of new single-family
houses rose somewhat in August
and September, but the pace of
construction was still noticeably
below the already-depressed level
of the preceding year. New
homebuilding appeared to be
weighed down by the backlog of
unsold existing homes and tight
lending conditions for
acquisition, development, and
construction loans.
After a very strong increase in
the first half of the year, business
investment in equipment and
software posted a smaller, but
still solid, gain in the third
quarter. Nominal shipments of
nondefense capital goods from
domestic manufacturers remained
on a moderate uptrend through
September. But rising demand for
equipment and software during
the third quarter was also satisfied
in part by a further rise in imports
of capital goods. Near-term
indicators of business spending on
equipment and software were
generally positive. New orders for
nondefense capital goods,
excluding aircraft, continued to
outpace shipments through
September. Credit conditions
improved further in the third
quarter, particularly for larger
firms with access to the capital
markets. Financing flows to
smaller firms, which are more
dependent on banks, were more
subdued.
Real nonfarm inventory
investment was estimated to have
picked up during the third
quarter. Rebuilding of dealers'
stocks of motor vehicles
accounted for part of the step-up,
but some of it likely reflected
another large increase in imports.
In August, inventory-to-sales
ratios for most industries
remained well below their
previous peaks. Surveys of
purchasing managers in
September and October indicated
that most did not perceive their
customers' inventories to be too
high. Business investment in
nonresidential structures was
about flat in the third quarter as
another strong increase in
spending for drilling and mining
structures offset further declines
in outlays on commercial and
industrial buildings.
Consumer price inflation
remained low in recent months.
The total PCE price index
increased slightly in September as
consumer energy prices moved
up noticeably for a third month.
The core PCE price index was
unchanged in September, and the
12-month increase in this index
continued to trend down. At
earlier stages of processing, the
rise in producer prices for
intermediate materials remained
moderate in September, but
prices of globally traded industrial
and agricultural commodities
accelerated considerably in
October, reflecting in part the
lower foreign exchange value of
the dollar as well as concerns
about supply for certain
commodities. In September and
October, survey measures of
households' short- and long-term
expectations for inflation
remained in the ranges that have
prevailed since the spring of 2009.
Labor compensation rose at a
moderate rate in the third quarter.
Private-sector wage increases, as
measured by both average hourly
earnings of all employees and the
employment cost index (ECI),
remained subdued. However,
according to the ECI, employer
benefit costs accelerated this year
after posting a very small increase
in 2009.
The U.S. international trade
deficit widened in August, after
narrowing in July, as a modest
increase in nominal exports was
more than offset by a strong
increase in imports. Following
widespread declines in July, most
major categories of imports
rebounded in August, with
imports of consumer goods and
capital goods exhibiting particular
strength. Imports of petroleum
products also increased
substantially, reflecting both
higher volumes and higher prices.
The increase in exports was
concentrated in agricultural
goods, partly boosted by rising
prices, and in services; most other
major categories either declined
or were flat.
Recent indicators of foreign
economic activity suggested that
growth abroad had slowed
appreciably after midyear.
Following an unsustainably high
rate of expansion in the second
quarter, growth of real gross
domestic product (GDP) in the
emerging market economies
appeared to have slowed
markedly, notwithstanding an
apparent acceleration in
E-reader News Edition
economic activity in China. Real
GDP growth apparently
moderated in the advanced
foreign economies as well. In the
euro area, industrial production
rose sharply in August, but
purchasing managers indexes
moved down in recent months.
The German economy continued
to perform strongly, while recent
data showed weakness in the
peripheral euro-area countries. A
reacceleration of food and energy
prices helped push up inflation
abroad, albeit generally to still-
moderate levels, in the third
quarter.
Staff Review of the Financial
Situation
The decision by the Federal Open
Market Committee (FOMC) at its
September meeting to maintain
the 0 to 1/4 percent target range
for the federal funds rate was
widely anticipated. However,
yields declined as market
participants reportedly interpreted
the language of the
accompanying statement to imply
higher odds of additional asset
purchases and a longer period of
exceptionally low short-term
interest rates. Investors took
particular note of the statement's
indication that inflation was
below the levels consistent with
the FOMC's dual mandate for
maximum employment and price
stability. In the weeks following
the FOMC meeting, Federal
Reserve communications, along
with economic data releases that
continued to point to a tepid
NOVEMBER page 40
E-reader News Edition Economy/ 39

Failure to Consider Constraints - My Response to "Has Mish

Deflated the Inflationistas?"
noreply@blogger.com (Michael market topped, I received an That puts me ahead of all those
Shedlock) (Mish's Global email from someone telling me who claim to know the
Economic Trend Analysis) that he was having turkey for unknowable.
Submitted at 11/23/2010 4:16:00 AM Thanksgiving and I was the Probabilities
I am rather amused by an article turkey. I prefer to look at things in terms
on Mises by Robert P. Murphy I highlighted a sequence of of probabilities. It is highly likely
called Has Mish Deflated the treasury calls in Daniel Amerman the Fed embarks on Quantitative
"Inflationistas"? vs. Mish: Reflections on the Great Easing. That should be good for
I was aware this article was Inflation/Deflation Debate that I gold, but short term that QE may
coming, Murphy told me in am quite proud of, but no I did not easily be priced in.
advance, and I rather expected get every turn correctly. However, Moreover, the Fed may go
some hard hitting piece on inflationistas have generally been slower than what the market
i n f l a t i o n ( o r a t l e a s t s o m e wrong about treasuries for a thinks.
semblance of inflation discussion) decade. Thus, there could be a huge "sell
saying why deflationists are With most inflationistas the news" event in both gold and
wrong, and more specifically why screaming a dollar collapse is not now (although I suppose the bounce could go on longer, and I the stock market on the QE
my deflation theories are wrong. imminent, I have generally taken Euro could bounce a bit higher gave no timeframe for the drop. announcement, no matter what
Instead Murphy outlines a positions for a dollar rise when still). Moreover, Murphy fails to point that announcement is.
number of allegedly bad calls I anti-dollar sentiment has been Fundamentals of Euro vs. Dollar out statements I have frequently Should that happen, given that
have made on the stock market, extreme. Looking ahead, a key question made similar to these in a recent gold is in a long-term bull market,
the US dollar, and treasuries. No my timing was certainly not for the Euro is whether or not the interview with Chris Martenson and given that Bernanke will
I admit I got some calls wrong, always perfect, but I stand by the European governments adhere to called"Straight Talk" with likely go back to the QE well, I
and Murphy did too as he admits. ideas I presented. their austerity measures (I rather Economic Bloggers expect buying the next big dip in
Actually anyone who makes short While everyone was rah-rah on doubt it). 9. What's the question we should gold would be a higher
-term calls is bound to get a huge the Euro, I calmly pointed out A second factor is the alarming have asked, but didn't? What's probability event than buying a
percentage of them wrong. problems in Greece, Spain, the rate at which the ECB is your answer? 10% correction in the stock
Nonetheless I did call the top of Baltic states, and European banks supporting Spain. How long can Mish: I guess it would be: "Does market.
the housing market on time in that would matter. They did. And that continue? your crystal ball have a forecast There is a lot going for gold, but
summer of 2005 as well as I think they will matter again. ... for the stock market? For Gold? it is by no means a "sure thing".
numerous real-time updates. For a That I prematurely called the end Factor that all in, and the The US Dollar?" Let's start with Is the Equities Bottom In?
synopsis of data points, please see of the recent bounce in the Euro is possibility of the US dollar rising gold. I see articles everyday by Many people claim the "Bottom
Housing Update - How Far To of little concern to me. to 1.15 or even to parity vs. the some prominent people saying is In"?
The Bottom? I am not a day trader, or even a Euro is not out of the question. In things like "I know gold is going Is it? How can they know? I am
I called the stock market top on short-term trader. I am looking at a complete distortion of reality to ... whatever". not even sure if the bottom is
the S&P 500 in July of 2007 in the global economic picture, with Murphy translated my sentence " The thing is, they don't know and likely in. Look at the half-dozen
Quotes of the Day / Top Call. And eyes on risk management. the possibility of the US dollar neither do I. Only a charlatan or a 50% or greater rallies in the
no, I did not make numerous top Moreover, Murphy took rising to 1.15 or even to parity vs. fool can make such a claim. Of Nikkei over the course of two
calls on the way up. I was s t a t e m e n t s o u t o f c o n t e x t . the Euro is not out of the course the fools and charlatans decades, all taken back and then
however, a few months and a few In Time for a Dollar Bounce I question." into a short-term may be right, but it is not because some.
percentage points early. The said ... prediction the the Euro would they "know" anything. How many "knew" that would
Stock market made a new high in The time to be bullish on the soon fall to 1.15 even though I One thing I do know is that I FAILURE page 41
October. On the exact day the Euro was at the 1.18 to 1.20 level, mentioned the possibility the don't know things of that nature.
40
NOVEMBER
continued from page 38
economic outlook, appeared to
reinforce market expectations that
additional policy accommodation
would be forthcoming in the near
term.
Yields on nominal Treasury
coupon securities and those on
TIPS declined, on net, over the
intermeeting period, largely in
response to Federal Reserve
communications and somewhat
weaker-than-expected economic
data releases. Five-year inflation
compensation increased over the
intermeeting period, and forward
inflation compensation 5 to 10
years ahead also rose. Anecdotal
reports pointed to the increased
likelihood of additional asset
purchases by the Federal Reserve
and to FOMC communications
noting that the Committee viewed
underlying inflation as somewhat
below the levels judged to be
most consistent with the
Committee's dual mandate as
factors contributing to lower
yields and to the increase in
inflation compensation over the
period. Yields on investment- and
speculative-grade corporate bonds
declined somewhat more than
those on comparable-maturity
Treasury securities, leaving risk
spreads slightly lower. In the
secondary market for syndicated
leveraged loans, prices of loans
continued to move up and bid-
asked spreads narrowed a bit
further.
Conditions in short-term funding
markets were generally stable
over the intermeeting period. In
dollar funding markets, spreads of
term London interbank offered
rates (or Libor) over those on
overnight index swaps edged up
but remained at levels similar to
those observed prior to the
emergence of euro-area concerns
earlier this year. Spreads on
unsecured financial commercial
paper and on asset-backed
commercial paper remained low.
Rates on repurchase agreements
(repos) involving various types of
collateral were little changed on
net. Bid-asked spreads in most
repo transactions generally
declined while changes in
haircuts on different types of repo
collateral were mixed.
Broad U.S. stock price indexes
rose, on balance, over the
intermeeting period, reflecting
investor expectations of further
monetary policy accommodation
and better-than-expected third-
quarter earnings news; option-
implied volatility on the S&P 500
index was little changed. The
spread between the staff's estimate
of the expected real return on
equities over the next 10 years
and an estimate of the expected
real return on a 10-year Treasury
note--a rough measure of the
equity risk premium--narrowed a
bit but remained at an elevated
level. Bank stocks generally
underperformed the broader
market amid concerns about the
handling of mortgage foreclosure
documents and possible lack of
compliance with securitization
agreements.
Net debt financing by U.S.
nonfinancial corporations was
very strong in September, with
sizable gross corporate bond
issuance across the credit
spectrum and a substantial
increase in commercial paper
outstanding, but data for October
pointed to a moderation in these
flows. Issuance of syndicated
leveraged loans in the third
quarter remained near the
average pace recorded in the first
half of the year. Measures of the
credit quality of nonfinancial
corporations remained solid. The
pace of gross public equity
issuance from seasoned and
initial public offerings by
nonfinancial firms remained
moderate in September and
appeared to slow in October.
Commercial real estate markets
remained strained. Commercial
mortgage debt in the third quarter
was estimated to have declined at
a rate similar to the drop in the
second quarter, and the
delinquency rate for securitized
commercial mortgages continued
to climb in September. However,
some signals offered modest
encouragement. In particular,
vacancy rates for commercial
buildings stabilized in the third
quarter, and the pipeline of new
commercial mortgage-backed
securities picked up a bit from
very low levels.
Residential mortgage refinancing
activity moved up in late
September and early October,
from an already high level, as the
average interest rate on fixed-rate
mortgages fell further over the
intermeeting period. In contrast,
the level of applications for
mortgages to purchase homes
remained anemic. Total consumer
credit contracted in August at a
pace roughly in line with the
declines posted earlier in the
year. Issuance of consumer asset-
backed securities was solid in
September. Consumer credit
quality generally continued to
improve, though delinquency
rates remained elevated.
Bank credit edged up in
September and October, as brisk
growth in banks' holdings of
securities more than offset a
further decline in total loans.
Commercial and industrial (C&I)
loans turned down in September
after having increased slightly
over the two previous months. A
moderate net fraction of banks
reported, in their responses to the
October Senior Loan Officer
Opinion Survey on Bank Lending
Practices, that they had eased
standards on C&I loans and
narrowed spreads of C&I loan
rates over their cost of funds;
demand for such loans reportedly
declined, on net, over the
preceding three months.
Commercial real estate loans,
home equity loans, and consumer
loans contracted. However,
closed-end residential mortgage
loans on banks' books increased
modestly for the second month in
a row.
Over September and October, M2
expanded at an average annual
rate that was noticeably above its
pace earlier in the year. The
growth rate of liquid deposits
moved up, while small time
deposits and retail money market
mutual funds continued to
contract. The compositional shift
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likely reflected the relatively
attractive yields on liquid
deposits. Currency growth
strengthened, with indicators
suggesting strong demand from
abroad.
The dollar declined about 3
percent against a broad array of
other currencies during the
intermeeting period, depreciating
even more against the euro and
the yen. In addition, Chinese
authorities allowed the renminbi
to appreciate slightly against the
dollar. Market commentary
highlighted the possibility that
major central banks would
further ease monetary policy, and
the Bank of Japan expanded its
asset purchase program and
reduced its policy target rate to a
range of 0 to 10 basis points.
Benchmark 10-year sovereign
yields generally declined in the
major advanced foreign
economies, but the overnight rate
in the euro area increased as the
European Central Bank continued
to allow the amount of liquidity
provided to the banking system to
decline. Spreads relative to
German bunds on the 10-year
sovereign bonds of most
peripheral euro-area countries
either declined or were little
changed over the period, but Irish
sovereign spreads moved higher
on concerns over the fiscal
burdens associated with losses in
the Irish banking sector. Major
equity indexes in the euro area
and in the United Kingdom
increased moderately, whereas the
NOVEMBER page 42
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continued from page 39
not happen. How many in the US
"knew" that housing prices could
not possibly collapse.
I am quite sure that stocks are
richly priced, but that sure does
not mean stocks cannot rally
further from here.
We are in a credit bust scenario
with enormous deflationary
pressures, even if outright
deflation is not sustained. As
such, the risk in equities is a lot
higher than most think.
Faith Bubble
There is a lot of confidence in the
Fed's ability to produce inflation.
Indeed, I think there is a bubble of
confidence in the Fed's ability to
produce inflation.
Should that bubble burst,
equities can collapse far faster
than most think possible. All
things considered, I am pretty
pleased with my calls, especially
on gold, treasuries, and in spite of
what Murphy says, the US dollar.
Now About That Inflation
Discussion?!
Robert kicked off his article with
a sentence "Over the last two
years, I have gotten perhaps
dozens of requests to "deal with"
the deflationist approach of Mike
"Mish" Shedlock."
So where the hell was it?
My long-term stock market call
still stands: the bottom may or
may not be in, however, the stock
market is not a measure of
inflation. Moreover, and although
Murphy went to great lengths to
point out the rally in equities, I
calmly point out Japan had at least
six 50% rallies in the last two
decades but the Nikkei sits near
10,000 down from a high of
38,000.
I still see no reason why the S&P
could not or should not do the
same. Indeed I did suggest this
would play out over as long as
another decade so I am not
concerned about a single year that
does not fit a pattern I suggested.
I have also on numerous
occasions, although not in the
article he mentioned, pointed out
alternate possibilities like a stock
market that goes sideways for 5
years while earning catch up to
valuations.
The only statement Murphy made
on the alleged topic of his post
was that he and Gary North "
think Bernanke has the power to
raise prices if he so chooses".
There was no discussion of ideas
involving that belief. All we saw
was a stated belief. We did not
even see a definition from
Murphy about what inflation is.
Can Bernanke Force Prices
Higher?
I say not really, at least without
serious consequences. I am not
the only one who believes that.
Ben Bernanke now believes that.
Please consider Bernanke Calls
On Congress To Help The
Economy -- For At Least The
Fourth Time In Five Months. For
at least the fourth time since June,
Federal Reserve Chairman Ben
Bernanke publicly urged
Congress to combat the lackluster
recovery by increasing
government spending, a
recommendation that has gone
unheeded by lawmakers.
In a speech at a conference of
central bankers in Frankfurt,
Bernanke once again said the Fed
cannot save the economy on its
own. The Fed's recent move to
add to its ballooning balance sheet
by committing to buy up to $600
billion of government debt faces
"limits" to its effectiveness,
Bernanke said. The rest of the
government, the chairman added,
could aid the Fed's efforts by
hammering out a plan for
stimulative spending. So while
Murphy and North think
Bernanke can force prices higher,
even Bernanke finally admits he
needs help.
This by the way goes along with
a statement that I have made
numerous times over the years.
"The FED can print money but it
can not dictate where the money
goes."
If the Fed could dictate where it
went, unemployment would not
be near 10%, and prices would be
going up 2% annually (Bernanke's
inflation target).
Rosenberg Says Deflation
Coming
Interestingly enough, the same
day Murphy wrote his piece Dave
Rosenberg, who does define
inflation in terms of prices says
DEFLATION COMING
The year started out with the U.S.
core (excluding food and energy)
consumer inflation rate at 1.8%
YoY; now, it is at a record low
0.6%. This has occurred even
with massive government
stimulus, U.S. dollar weakness, a
commodity boom and an ongoing
inventory cycle. Imagine what
would happen if these
developments reversed course.
Imagine what would happen if
these developments reversed
course. But the reality is that if the
deceleration of the past eight
months persists, then the core
inflation rate will become the core
deflation rate by the second
quarter of next year. Hence
Bernanke’s quest for QE2.
Excluding shelter, core consumer
prices actually deflated 0.05% (to
the second decimal place) and this
followed a 0.03% dip in
September. The last time this
metric declined in successive
months was back in November-
December 2008 when the
financial system and the economy
were imploding. Now, it is simply
a case of a listless recovery failing
to redress the vast amount of
excess capacity overhanging the
macro scene.
And, the deceleration has been
very broadly based. Core goods
prices have declined 0.24% for
two months in a row, despite what
commodities and the dollar have
done. The YoY trend is now
basically flat — it was 2% last
March. Core services (which
exclude energy) have been rising
by only 0.1% or lower now for
four months running and the YoY
pace of 0.8% is a record low.
Just take a look at these sectors
that are either deflating or
disinflating:
• New car prices dipped 0.2%
MoM last month, the first decline
since April.
• Used car prices were down
0.9%, the second falloff in a row
41
and the first back-to-back decline
since the depths of despair in
March-April 2009.
• Despite the surge in food costs,
grocery chains only managed to
raise prices 0.1% last month.
• Higher cotton prices have yet to
filter through — apparel prices at
the retail level fell 0.4% and are
down in each of the past three
months.
• Appliance prices deflated 1.2%
in October, the second decline in
as many months; furniture prices
are down five months in a row.
Clearly, the housing market has
yet to stabilize or these items
would still not be falling in price.
• Hotels saw a 1.3% price slide
— negative now for three months
in a row.
• Electronics prices dropped 0.1%
in October and have deflated for
four months running.
• Recreational services prices
were off 0.3% and down for two
months in a row.
• After deflating for just the
second time ever in September,
education prices were flat in
October. The three-month trend,
at -0.5% at an annual rate, is the
lowest this metric has ever been
— for most of the past decade, the
price trend here was locked in a 6-
8% band, and now it is negative.
Goes to show how desperate the
colleges are to draw in cash-
strapped students.
• Communication service prices
fell 0.2% in October and are down
three months in a row.
• Toy prices slid 0.5% and have
FAILURE page 43
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NOVEMBER
continued from page 40
Nikkei index declined.
Several emerging market central
banks tightened monetary policy,
including the People's Bank of
China. Against the backdrop of
interest rate declines in many of
the advanced economies, as well
as heavy capital flows toward
emerging market countries, many
emerging market currencies
strengthened, reportedly
prompting further official
intervention in foreign exchange
markets.
Staff Economic Outlook
Because the recent data on
production and spending were
broadly in line with the staff's
expectations, the forecast for
economic activity that was
prepared for the November
FOMC meeting showed little
change to the staff's near-term
outlook relative to the forecast
prepared for the September
FOMC meeting. However, the
staff revised up its forecast for
economic activity in 2011 and
2012. In light of asset market
developments over the
intermeeting period, which in
large part appeared to reflect
heightened expectations among
investors that the Federal Reserve
would undertake additional
purchases of longer-term
securities, the November forecast
was conditioned on lower long-
term interest rates, higher stock
prices, and a lower foreign
exchange value of the dollar than
was the staff's previous forecast.
These factors were expected to
provide additional support to the
recovery in economic activity.
Accordingly, the unemployment
rate was anticipated to recede
somewhat more than in the
previous forecast, although the
margin of slack at the end of
2011 was still expected to be
substantial.
The staff's forecast continued to
show subdued rates of headline
and core inflation during 2011
and 2012. However, the
downward pressure on inflation
from slack in resource utilization
was expected to be slightly less
than previously projected, and
prices of imported goods were
anticipated to rise somewhat
faster. As in previous forecasts,
further disinflation was expected
to be checked by the ongoing
stability of inflation expectations.
Participants' Views on Current
Conditions and the Economic
Outlook
In conjunction with this FOMC
meeting, all meeting participants-
-the six members of the Board of
Governors and the heads of the
12 Federal Reserve Banks--
provided projections of output
growth, the unemployment rate,
and inflation for each year from
2010 through 2013 and over the
longer run. Longer-run
projections represent each
participant's assessment of the rate
to which each variable would be
expected to converge, over time,
under appropriate monetary
policy and in the absence of
further shocks. Participants'
forecasts are described in the
Summary of Economic
Projections, which is attached as
an addendum to these minutes.
In their discussion of the
economic situation and outlook,
meeting participants generally
agreed that the incoming data
indicated that output and
employment were continuing to
increase, but only slowly.
Progress toward the Committee's
dual objectives of maximum
employment and price stability
was described as disappointingly
slow. Participants variously noted
a number of factors that were
restraining growth, including low
levels of household and business
confidence, concerns about the
durability of the economic
recovery, continuing uncertainty
about the future tax and
regulatory environment, still-
weak financial conditions of
some households and small
businesses, the depressed housing
market, and waning fiscal
stimulus. Although participants
considered it quite unlikely that
the economy would slide back
into recession, some noted that
continued slow growth and high
levels of resource slack could
leave the economic expansion
vulnerable to negative shocks. In
the absence of such shocks, and
assuming appropriate monetary
policy, participants' economic
projections generally showed
growth picking up to a moderate
pace and the unemployment rate
declining somewhat next year.
Participants generally expected
growth to strengthen further and
unemployment to decline
somewhat more rapidly in 2012
and 2013.
Indicators of spending by
households and businesses
remained mixed. Consumer
spending was expanding
gradually. Participants noted that
households were continuing their
efforts to repair their balance
sheets, a process that was
restraining growth in consumer
spending. Sluggish employment
growth and elevated uncertainty
about job prospects also
continued to weigh on household
spending. With respect to
business spending, contacts
generally reported that they were
investing to reduce costs but were
refraining from adding workers or
expanding capacity in the United
States. Energy producers were an
exception. Participants observed
that firms had generated rising
profits, but that business contacts
indicated those gains largely
reflected cost-cutting rather than
top-line growth in revenues. A
number of businesses continued to
report that they were holding back
on hiring and capital spending
because of uncertainty about
future taxes, health-care costs, and
regulations. But concerns about
actual and anticipated demand
also were important factors
limiting investment and hiring.
Firms continued to report strong
foreign demand for their products,
particularly from Asia.
Participants noted that the
housing sector, including
residential construction and home
sales, remained depressed.
Foreclosures were adding to the
elevated supply of available
homes and putting downward
pressure on home prices and
E-reader News Edition
housing construction. Some
participants saw disputes over
mortgage and foreclosure
documents as likely to delay the
eventual recovery in housing
markets. Commercial real estate
markets also were weak, and the
availability of credit for
commercial real estate
transactions remained limited, but
low interest rates were helping
stabilize prices.
Participants agreed that progress
in reducing unemployment was
disappointing; indeed, several
noted that the recent rate of output
growth, if continued, would more
likely be associated with an
increase than a decrease in the
unemployment rate. Participants
again discussed the extent to
which employment was being
held down, and the
unemployment rate boosted, by
structural factors such as
mismatches between the skills of
the workers who had lost their
jobs and the skills needed in the
sectors of the economy with
vacancies, the inability of the
unemployed to relocate because
their homes were worth less than
the principal they owed on their
mortgages, and the effects of
extended unemployment benefits
on the duration of unemployed
workers' search for a new job.
Participants agreed that such
factors were contributing to
continued high unemployment but
differed in their assessments of
the magnitude of such effects.
Many participants saw evidence
NOVEMBER page 44
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FAILURE
continued from page 41

fallen now in seven of the past Murphy and inflationistas need to quarter than rising." on China currency policy. Federal Inflation is rampant in China, not
eight months. read that sentence 100 times and The Fed can force prices up? Reserve Chairman Ben Bernanke here.
• Personal care products slipped understand the practical Really? put aside traditional central bank What About Negative Interest
0.3%, the second decline in a row. implications of it. If the Fed could it would, and as I niceties and launched a direct Rates?
• Despite higher fuel costs, Rising commodity prices without noted above the Fed admitted it attack on the slow pace of China’s Gary North has made the claim
airfares have been held to less a pass-through to consumer prices cannot without the "help" of steps to strengthen its currency. the Fed could force banks to lend
than a 0.2% advance in each of kills profit margins and especially Congress. In a speech prepared for a by announcing " from this point
the past two months. destroys small businesses. That Fed Cannot Give Money Away conference at the European on, all money deposited by banks
• Jewellery prices fell 0.7% in fact imposes a serious constraint Here is another constraint on the Central Bank on Friday morning, as excess reserves will be charged
October and are down in three of on Bernanke. Fed: Unlike Congress, the Fed, Bernanke said that China’s a storage fee. This fee could be
the past five months. Lack of Sales Still #1 Problem of cannot give money away. It decision to undervalue the yuan 2%."
• The price of sporting goods was Small Businesses simply cannot, at least legally, has essentially thrown a monkey Really? Perhaps Banks would
flat after three months of decline. Please consider NFIB Report and that is a statement of fact. wrench into the global economic buy short-term treasuries at 0%.
Ditto for reading materials. Shows Lack of Sales Still #1 Sure the Fed can monetize the recovery. Perhaps they would park the
Problem of Small Businesses, debt, and it is doing so right now, The result could be slow growth money in gold futures. However,
If Bernanke Wants 2% Inflation, Inflation Barely Registers but anything in addition to that ahead “for everyone,” he said. even if the Fed could control
Why Don't We Have It? Inflation Is A Non-Issue just may sit as excess reserves. “On its current economic those possibilities, there is still
Of course North and Murphy will Historically inflation measured If consumers do not want to trajectory, the United States runs one other big constraint: Paying
point out that gasoline prices are as a big concern in the mid-to-late spend, and businesses do not want the risk of seeing millions of interest on reserves slowly over
soaring and they may claim food 1970's. Inflation concerns spiked to expand, there is not a damn workers unemployed or time helps to recapitalize banks.
prices are soaring too, although I again in the summer of 2008 thing the Fed can do about it. That underemployed for many years,” Force them to lend and losses
do not believe the latter and I do along with gas prices. In spite of is a statement of fact as well as a Bernanke said. increase. Bernanke wants to help
most of the shopping. Commodity a h u g e r e c e n t r a l l y i n constraint on the Fed, and that is The Fed could not rule out the banks recapitalize. He does not
prices certainly did soar. commodities there is no fear of why Bernanke is running around possibility that unemployment want banks to make poor loans
Regardless, that point is it is inflation now. like a chicken without a head right “might rise further in the near just to make them. That is an
irreverent because Bernanke does From the report "Seasonally now, getting involved for the first term,” he said. This could bring obvious constraint that Gary
not want oil prices or food prices adjusted, the net percent of time in history on fiscal stimulus an end to the tepid U.S. recovery, North misses.
to rise, he really wants housing owners raising prices was a net issues. he said. Moreover there are new Basel
prices to rise, and prices of stuff negative five percent, a six point Fed's Obligation is to Banks “The strategy of currency capital requirements coming up.
in general to rise. Yet, in spite of increase from September. Plans to Although I have pointed out the undervaluation has demonstrated And finally, the reason banks are
$2 trillion in agency purchases to raise prices rose five points to a Fed cannot give money away, the important drawbacks, both for the not lending is out of capital
support home prices and home net seasonally adjusted 12 percent simple fact of the matter is the world system and for the concerns. Banks need those
sales, prices are falling and home of owners. However, most plans Fed would likely not do it even if countries using that strategy,” "excess reserves" to handle
sales are at all time record lows. t o r a i s e p r i c e s h a v e b e e n it could. The Fed does not want Bernanke said. additional (and huge) mortgage-
I g n o r i n g C o n s t r a i n t A f t e r frustrated by the recession and to wreck the banking system. The Thus the actions of other related losses not yet realized.
Constraint weak sales during the past few Fed is beholden to banks and does governments pose additional What the Fed Did and Why
Murphy ignores constraint after years." not really give a damn about constraints on the Fed. By the Inquiring minds may wish to
constraint. First off, I do not think The number of business owners consumers other than they earn way, gasoline and commodity read Ben Bernanke's Washington
Bernanke can cause prices to rise raising prices is a net negative enough to remain debt slaves prices are more of a function of Post Op-Ed What the Fed did and
at will, but IF he can, it clearly is 5%. The profit squeeze continues forever. huge inflation in China, not the why: supporting the recovery and
not the prices he wants. as small businesses are not able Turning Up The Heat On China US. sustaining price stability.
"The FED can print money but it to pass along rising input prices. Further comments from Bernanke Both money supply and credit are The Federal Reserve cannot solve
can not dictate where the money The result is easy to spot: " far about his struggles to create soaring in china while credit all the economy's problems on its
g o e s , o r i n d e e d i f i t g o e s more owners report that earnings inflation and spur jobs can be collapsed in the US for 10 straight FAILURE page 45
anywhere at all." are deteriorating quarter on found in Bernanke turns up heat quarters.
44
NOVEMBER
continued from page 42
that the current unemployment
rate was well above levels that
could be explained by structural
factors alone, noting, for example,
reports from business contacts
indicating that weak growth in
demand for their firms' products
remained a key reason why they
were reluctant to add employees,
and job vacancy rates that were
low relative to historical
experience. A number of
participants noted that continued
high unemployment, particularly
with large numbers of workers
suffering very long spells of
unemployment, would lead to an
erosion of workers' skills that
would have adverse
consequences for those workers
and for the economy's potential
level of output in the longer term.
Participants saw financial
conditions as having become
more supportive of growth over
the course of the intermeeting
period; most, though not all, of
the change appeared to reflect
investors' increasing anticipation
of a further easing of monetary
policy. Most longer-term nominal
interest rates declined, real
interest rates fell even more,
credit spreads tightened, and
equity prices rose, in part
reflecting better-than-expected
corporate earnings reports.
Inflation compensation rose
noticeably, returning to a level
more typical of recent years.
Participants noted that credit
remained readily available--in
debt markets and from banks--for
larger corporations, and there
were some signs that credit
conditions had begun to improve
for smaller firms that obtain
credit primarily from banks.
Banking institutions reported
signs of improving credit quality.
Improvements in household
financial conditions were
contributing to better performance
of consumer loans. However,
banks continued to report elevated
losses on commercial real estate
loans, especially construction and
land development loans.
Participants noted the risk of
losses at financial institutions
stemming from investors putting
mortgages back to sellers if the
quality of the loans was
misrepresented when the
mortgages were sold into
securitization vehicles.
Measures of price inflation had
generally trended lower since the
start of the recession; the same
was true of nominal wage growth.
Most participants indicated that
underlying inflation was
somewhat low relative to levels
that they judged to be consistent
with the Committee's statutory
mandate to foster maximum
employment and price stability.
While underlying inflation
remained subdued, meeting
participants generally saw only
small odds of deflation, given the
stability of longer-term inflation
expectations and the anticipated
recovery in economic activity.
They generally did not expect
appreciably higher inflation,
either. While prices of some
commodities and imported goods
had risen recently, business
contacts reported that they
currently had little pricing power
and that they would continue to
seek productivity gains to offset
higher input costs. Small wage
increases, coupled with
productivity gains, meant that unit
labor costs were lower than a
year earlier. Many participants
pointed to substantial slack in
resource utilization, along with
well-anchored inflation
expectations, as likely to
contribute to subdued inflation for
some time. A few participants
expected that continuing resource
slack would lead to some further
disinflation in coming years.
However, a few others thought
that the exceptionally
accommodative stance of
monetary policy, coupled with
rising prices of energy and other
commodities as well as rising
prices of other imports, made it
more likely that inflation would
increase, within a year or two, to
levels they judged consistent with
the Committee's dual mandate.
Participants generally agreed that
the most likely economic
outcome would be a gradual
pickup in growth with slow
progress toward maximum
employment. They also generally
expected that inflation would
remain, for some time, below
levels the Committee considers
most consistent, over the longer
run, with maximum employment
and price stability. However,
participants held a range of views
about the risks to that outlook.
Most saw the risks to growth as
broadly balanced, but many saw
the risks as tilted to the downside.
Similarly, a majority saw the
risks to inflation as balanced;
some, however, saw downside
risks predominating while a
couple saw inflation risks as tilted
to the upside. Participants also
differed in their assessments of
the likely benefits and costs
associated with a program of
purchasing additional longer-
term securities in an effort to
provide additional monetary
stimulus, though most saw the
benefits as exceeding the costs in
current circumstances. Most
participants judged that a program
of purchasing additional longer-
term securities would put
downward pressure on longer-
term interest rates and boost asset
prices; some observed that it
could also lead to a reduction in
the foreign exchange value of the
dollar. Most expected these
changes in financial conditions to
help promote a somewhat
stronger recovery in output and
employment while also helping
return inflation, over time, to
levels consistent with the
Committee's mandate. In addition,
several participants argued that
the stimulus provided by
additional securities purchases
would help protect against further
disinflation and the small
probability that the U.S. economy
could fall into persistent deflation-
-an outcome that they thought
would be very costly. Some
participants, however, anticipated
that additional purchases of longer
-term securities would have only a
limited effect on the pace of the
recovery; they judged that the
E-reader News Edition
economy's slow growth largely
reflected the effects of factors that
were not likely to respond to
additional monetary policy
stimulus and thought that
additional action would be
warranted only if the outlook
worsened and the odds of
deflation increased materially.
Some participants noted concerns
that additional expansion of the
Federal Reserve's balance sheet
could put unwanted downward
pressure on the dollar's value in
foreign exchange markets. Several
participants saw a risk that a
further increase in the size of the
Federal Reserve's asset portfolio,
with an accompanying increase in
the supply of excess reserves and
in the monetary base, could cause
an undesirably large increase in
inflation. However, it was noted
that the Committee had in place
tools that would enable it to
remove policy accommodation
quickly if necessary to avoid an
undesirable increase in inflation.
Committee Policy Action
Though the economic recovery
was continuing, members
considered progress toward
meeting the Committee's dual
mandate of maximum
employment and price stability as
having been disappointingly slow.
Moreover, members generally
thought that progress was likely to
remain slow. Accordingly, most
members judged it appropriate to
take action to promote a stronger
pace of economic recovery and to
help ensure that inflation, over
NOVEMBER page 47
E-reader News Edition
FAILURE
continued from page 43
own. That will take time and the
combined efforts of many parties,
including the central bank,
Congress, the administration,
regulators and the private sector.
That's a heck of a lot of help
needed. Admittedly the sentence
says "solve all the economy's
problems", but can the Fed solve
any problems including
Bernanke's concern over price
deflation?
Role of Attitudes
Inflationistas in general simply
do not understand the role of
attitudes. If consumers do not
want to spend they won't.
Boomers are headed into
retirement scared half to death. In
aggregate they are looking to
downsize, not upsize. They have
insufficient savings. They no
longer want to keep up with the
Jones. Consumers are without a
doubt cutting back on frivolous
expenditures.
This puts negative pressure on
asset prices as well as the prices
of goods and services. More
importantly it puts huge stress on
the demand for credit by
businesses and consumers alike.
Global Wage Arbitrage
Let's not forget about global
wage arbitrage. Even if Bernanke
could force up prices, he cannot
force up wages. Rising prices
without rising wages would
increase the number of defaults.
State Cutbacks
Let's not forget the implications
of 6 New Governors Seek to Kill
Defined Benefit Plans; 8 of 9 CA
Cities Vote to Reduce Benefits;
Fraudulent Promises (and what to
do about them).
We have yet begun to feel the
deflationary economic
implications of state cutbacks in
employment, wages, and benefits.
We will. And it is not at all in
Bernanke's control. He needs help
from Congress.
I suggest he may get some help,
but nowhere near as much as he
needs.
When Will the Inflation Genie
Get Out of the Bottle?
On December 14, 2009, in A
Case for the Inflation Camp
Robert P. Murphy asks When
Will the Inflation Genie Get Out
of the Bottle? Murphy's concern is
over "excess reserves".
My reason for expecting large-
scale price inflation is fairly
straightforward: I see no coherent
strategy for Bernanke to remove
the excess reserves from the
banking system. ...
After reviewing the evidence and
the theories offered by the two
camps, I still believe that
Bernanke's unprecedented
infusions of new reserves will
lead to rapid price increases.
These increases may not show up
in the price of US financial
assets, but they will rear their ugly
heads at the gas pump and
grocery checkout. Moreover, I
think the genie may already be
slipping out of the bottle. His
escape will only be hastened once
the year-over-year CPI figures
show moderate inflation.
Misguided Concern Over Excess
Reserves
Price increases showed up
primarily in asset prices (but not
housing), and also at the gas
pump. However, they sure did not
show up in the CPI as noted
above.
That's besides the point. The key
point of discussion is Murphy's
misguided notion that excess
reserves work their way into the
economy 10-times over spawning
massive price inflation.
That notion, although widely
believed, is simply false.
According to Money Multiplier
Theory (MMT) and Fractional
Reserve Lending, excess reserves
may be lent out as much as 10
times over and when that happens,
massive inflation will result.
Money Multiplier Theory Is
Wrong
In Roving Cavaliers of Credit
Australian economist Steve Keen
has made a strong case that
lending comes first and reserves
later. I discussed that at length in
Fiat World Mathematical Model.
That point alone should seal the
hash of the debate but it keeps
coming up over and over. So let's
try one more time.
Please consider BIS Working
Papers No 292, Unconventional
monetary policies: an appraisal.
Note: The above link is a lengthy
and complex read, recommended
only for those with a good
understanding of monetary issues.
It is not light reading.
The article addresses two
fallacies
Proposition #1: an expansion of
bank reserves endows banks with
additional resources to extend
loans
Proposition #2: There is
something uniquely inflationary
about bank reserves financing
From the article....
The underlying premise of the
first proposition is that bank
reserves are needed for banks to
make loans. An extreme version
of this view is the text-book
notion of a stable money
multiplier.
In fact, the level of reserves
hardly figures in banks’ lending
decisions. The amount of credit
outstanding is determined by
banks’ willingness to supply
loans, based on perceived risk-
return trade-offs, and by the
demand for those loans.
The main exogenous constraint
on the expansion of credit is
minimum capital requirements.
A striking recent illustration of
the tenuous link between excess
reserves and bank lending is the
experience during the Bank of
Japan’s “quantitative easing”
policy in 2001-2006.
Japan's Quantitative Easing
Experiment
click on chart for sharper image
Despite significant expansions in
excess reserve balances, and the
associated increase in base
money, during the zero-interest
rate policy, lending in the
Japanese banking system did not
increase robustly (Figure 4).
Is financing with bank reserves
uniquely inflationary?
If bank reserves do not contribute
to additional lending and are
close substitutes for short-term
government debt, it is hard to see
what the origin of the additional
inflationary effects could be.
45
There is much additional
discussion in the article but it is
clear that Money Multiplier
Theory as espoused by Murphy,
North and others did not happen
in Japan nor is there any evidence
of it happening in the US, nor is
there a sound theoretical basis for
it.
In fiat based credit systems,
lending comes first, reserves
come second, and extra reserves
do nothing much except pay
banks to sit in cash in cases
where interest is paid on excess
reserves.
Monetary Printing vs. Debt
Deflation
There is $35 trillion in credit on
the balance sheets of banks, little
of it marked to market. Yet, in
spite of the fact that Money
Multiplier Theory is totally
bogus, supposedly printing $600
Billion to is going to cause
serious inflation.
The odds sure don't look very
good to me.
Practical Constraint Recap
• Ability of consumers/
corporations to take on more debt
• Willingness of consumers/
corporations to take on more debt
• Willingness of banks/credit
companies to extend more credit
• Ability of banks/credit
companies to extend more credit
• Unwillingness of the federal
reserve to print themselves out of
power
• Actions of other Central Banks
• Actions of Congress
FAILURE page 48
46 Economy/ E-reader News Edition

Irish PM Dissolves Government; Spanish Banks Face Debt

Challenge; Greece May "Shut-Down"; Meaning of "Guarantee";
Should Ireland Ditch the Euro?
noreply@blogger.com (Michael public had lost faith in the for six billion euros in savings and domestic product next year, who thinks any rally in bond
Shedlock) (Mish's Global government after its acceptance of will be the first major hurdle that Finance Minister Fernando spreads relative to Germany will
Economic Trend Analysis) a $100 billion rescue package the government must clear to Teixeira dos Santos said after be short-lived.
Submitted at 11/22/2010 7:42:00 PM over the weekend and that it prove to the European Ireland became the second euro "Credit Negative Development" in
Things continue to simmer in would pull out of the government. Commission and the international country to seek a rescue. Spain
Europe with problems appearing It called for elections early next Monetary Fund that this recession The yield premium that investors Moody’s says Spain Banks Face
on multiple fronts in Ireland, year, when a second round of -battered country can come demand to hold Portugal’s 10- Debt Challenge as ECB Cuts
Spain, Portugal, and Greece. austerity measures, forced on together and pass brutally painful year bonds instead of German Cash. Spanish banks may struggle
Here are a few of highlights: Irish Ireland as a condition of the budgets. European Banks Drop bunds narrowed to 404 basis to refinance covered bonds as the
Prime Minister Brian Cowen bailout, will be put before voters As Contagion Concerns Spread points today, on track for a European Central Bank’s plan to
announced he would step down w h o h a v e a l r e a d y s u f f e r e d Bloomberg reports European seventh straight daily decline, reduce liquidity supports forces
once a series of fiscal packages through three years of recession. Banks Drop on Concern of after a euro-era record of 484 lenders to tap debt markets at
and budgets were in place next Ireland faces a stark choice Ireland Contagion basis points on Nov. 11. Portugal record-high yield spreads,
month; Portugal Struggles to Meet between accepting cutbacks in European banking stocks fell, led carried out its last bond sale of the Moody’s Investors Service said.
Deficit Goal; High Frequency popular middle class social by Bank of Ireland Plc and Banco year on Nov. 10 and faces its next The higher cost of refinancing is
Economics Ltd. says Greece May programs or rejecting them and Santander SA, on concern that redemption in April. a “credit negative development”
‘Shut Down’ on Cash Shortage. jeopardizing the rescue package, countries including Portugal and “The Irish bailout announced over for covered bond issuers,
After a look at a few articles I which would invite default. Most Spain may need external help to the weekend will likely provide “especially if the ECB pulls back
take a look at suggestions for analysts expect that Mr. Cowen, fix their finances. some relief to peripheral bonds, its support,” Moody’s analyst
Ireland to abandon the Euro, and a whatever the condition of his Bank of Ireland, the country’s but this could be short-lived, with Tomas Rodriguez-Vigil Junco
critical look at the meaning of coalition, will be able to pass the largest lender, plunged 19 percent Portugal likely to soon return wrote in a report today. Spanish
"guarantee". budget — even though it will to 39 cents in Dublin trading. under the markets’ spotlight, as lenders have about 70 billion
I r i s h L e a d e r t o D i s s o l v e have put into law such severe Santander, Spain’s biggest, the government is finding it hard euros ($96 billion) of covered
Government After Budget Passes measures as a decrease in the dropped 4 percent to 8.19 euros in to meet its fiscal targets,” said bonds coming due in the next two
The New York Times reports, minimum wage (one of the Madrid. The 53- member Luigi Speranza, an economist at years, the analysts wrote.
I r i s h L e a d e r t o D i s s o l v e highest in Europe) and changes to Bloomberg Europe Banks and BNP Paribas SA in London. Spanish Banks rated below A1,
Government After Budget Passes. the country’s generous child Financial Services index fell 2 Credit-default swaps tied to the fifth-highest investment grade,
Prime Minister Brian Cowen said benefits. percent. Credit Default Swaps Portuguese debt jumped 29.5 face the biggest refinancing
late Monday that he would step The always churning Dublin Soar as Portugal Struggles to basis points to a one-week high of burden because they account for
down once a series of fiscal rumor mill is now in overdrive, Meet Deficit Goal 447 basis points, the biggest about 50 percent of the total
packages and budgets were in with speculation mounting that a Yields spreads in Portugal have increase since Sept. 27, according mortgage covered bonds due next
place next month, acceding to the back bench revolt might be declined seven consecutive days to data provider CMA. year, the Moody’s analysts wrote.
demands of the opposition and its brewing as Fianna Fail ministers although Credit Defaults Swaps Portuguese Prime Minister Jose Potential "Shut-Down" in Greece
coalition partner, and injecting the contemplate the possibility of suggest a different picture as Socrates on Nov. 24 will face the Bloomberg reports Greece May
threat of political instability into a going into a new election with a Portugal Says Will Do Everything country’s first joint general strike ‘Shut Down’ on Cash Shortage.
financial crisis that already has new party leader. to Meet Deficit Goal in 22 years as the two biggest Parts of Greece’s government
markets on edge. The 2011 budget is to be Portugal will do all it can to meet labor organizations protest the may be forced to “shut down” as
Earlier in the day, the minority p r e s e n t e d b e f o r e t h e I r i s h its target of cutting the budget austerity measures. I concur with
Green Party declared that the parliament on Dec. 7. It will call deficit to 4.6 percent of gross the assessment of Luigi Speranza IRISH page 50
E-reader News Edition
NOVEMBER
continued from page 44
time, is at levels consistent with
the Committee's mandate. In their
discussion of monetary policy for
the period immediately ahead,
nearly all Committee members
agreed to keep the federal funds
rate at its effective lower bound
by maintaining the target range
for that rate at 0 to 1/4 percent and
to expand the Federal Reserve's
holdings of longer-term securities.
To increase its securities
holdings, the Committee decided
to continue its existing policy of
reinvesting principal payments
from its securities holdings into
longer-term Treasury securities
and intended to purchase a further
$600 billion of longer-term
Treasury securities at a pace of
about $75 billion per month
through the second quarter of
2011. One member dissented
from this action, judging that the
risks of additional securities
purchases outweighed the
benefits. Members agreed that the
Committee will regularly review
the pace of its securities purchases
and the overall size of the asset-
purchase program in light of
incoming information and will
adjust the program as needed to
best foster its goals of maximum
employment and price stability.
With respect to the statement to
be released following the
meeting, members agreed that it
was appropriate to adjust the
statement to make it clear that the
unemployment rate was elevated,
and that measures of underlying
inflation were somewhat low,
relative to levels that the
Committee judged to be
consistent, over the longer run,
with its dual mandate. Nearly all
members agreed that the
statement should reiterate the
expectation that economic
conditions were likely to warrant
exceptionally low levels of the
federal funds rate for an extended
period. Members agreed that the
statement should note that the
Committee will employ its policy
tools as necessary to support the
economic recovery and to help
ensure that inflation, over time, is
at levels consistent with its
mandate.
At the conclusion of the
discussion, the Committee voted
to authorize and direct the
Federal Reserve Bank of New
York, until it was instructed
otherwise, to execute transactions
in the System Account in
accordance with the following
domestic policy directive:"The
Federal Open Market Committee
seeks monetary and financial
conditions that will foster price
stability and promote sustainable
growth in output. To further its
long-run objectives, the
Committee seeks conditions in
reserve markets consistent with
federal funds trading in a range
from 0 to 1/4 percent. The
Committee directs the Desk to
execute purchases of longer-term
Treasury securities by the end of
June 2011 in order to increase the
total face value of domestic
securities held in the System
Open Market Account to
approximately $2.6 trillion. The
Committee also directs the Desk
to reinvest principal payments
from agency debt and agency
mortgage-backed securities in
longer-term Treasury securities.
The System Open Market
Account Manager and the
Secretary will keep the
Committee informed of ongoing
developments regarding the
System's balance sheet that could
affect the attainment over time of
the Committee's objectives of
maximum employment and price
stability."
The vote encompassed approval
of the statement below to be
released at 2:15 p.m.:
"Information received since the
Federal Open Market Committee
met in September confirms that
the pace of recovery in output and
employment continues to be slow.
Household spending is increasing
gradually, but remains constrained
by high unemployment, modest
income growth, lower housing
wealth, and tight credit. Business
spending on equipment and
software is rising, though less
rapidly than earlier in the year,
while investment in nonresidential
structures continues to be weak.
Employers remain reluctant to add
to payrolls. Housing starts
continue to be depressed. Longer-
term inflation expectations have
remained stable, but measures of
underlying inflation have trended
lower in recent quarters.
Consistent with its statutory
mandate, the Committee seeks to
foster maximum employment and
price stability. Currently, the
unemployment rate is elevated,
and measures of underlying
inflation are somewhat low,
relative to levels that the
Committee judges to be
consistent, over the longer run,
with its dual mandate. Although
the Committee anticipates a
gradual return to higher levels of
resource utilization in a context
of price stability, progress toward
its objectives has been
disappointingly slow.
To promote a stronger pace of
economic recovery and to help
ensure that inflation, over time, is
at levels consistent with its
mandate, the Committee decided
today to expand its holdings of
securities. The Committee will
maintain its existing policy of
reinvesting principal payments
from its securities holdings. In
addition, the Committee intends
to purchase a further $600 billion
of longer-term Treasury
securities by the end of the second
quarter of 2011, a pace of about
$75 billion per month. The
Committee will regularly review
the pace of its securities purchases
and the overall size of the asset-
purchase program in light of
incoming information and will
adjust the program as needed to
best foster maximum employment
and price stability.
The Committee will maintain the
target range for the federal funds
rate at 0 to 1/4 percent and
continues to anticipate that
economic conditions, including
low rates of resource utilization,
subdued inflation trends, and
stable inflation expectations, are
likely to warrant exceptionally
low levels for the federal funds
rate for an extended period.
47
The Committee will continue to
monitor the economic outlook and
financial developments and will
employ its policy tools as
necessary to support the
economic recovery and to help
ensure that inflation, over time, is
at levels consistent with its
mandate."
Voting for this action: Ben
Bernanke, William C. Dudley,
James Bullard, Elizabeth Duke,
Sandra Pianalto, Sarah Bloom
Raskin, Eric Rosengren, Daniel
K. Tarullo, Kevin Warsh, and
Janet L. Yellen.
Voting against this action:
Thomas M. Hoenig.
Mr. Hoenig dissented because he
judged that additional
accommodation would do little to
accelerate the economy's
continuing, gradual recovery. In
his assessment, the risks of
additional purchases of Treasury
securities outweighed the benefits.
Mr. Hoenig believed that
additional purchases would risk a
further misallocation of resources
and future financial imbalances
that could destabilize the
economy. He also saw a potential
for additional purchases to
undermine the Federal Reserve's
independence and cause long-
term inflation expectations to
rise. Mr. Hoenig also believed it
was not appropriate to indicate
that economic and financial
conditions were "likely to warrant
exceptionally low levels of the
federal funds rate for an extended
period" or to reinvest principal
NOVEMBER page 51
48 E-reader News Edition
FAILURE
continued from page 45

• Demographics they won't be, at least on a meet some asinine idea that and a “point-by-point” list from the agency debt market!) That
• Global wage arbitrage permanent basis. prices need to rise 2% a year, that speech. didn’t work...
• Fed cannot create jobs I recently discussed this idea just when to the perspective of the 1. Reduce nominal interest rate 11. Influence yields on privately
• Fed cannot give money away a few days ago in Following the average consumer prices are to zero. Check. That didn’t issued securities. (Note: the Fed
• Fed is beholden to banks Path of Japan and the Madness of going up much more than that, via work... used to be restricted in doing
Bernanke Fighting Just That taxes alone, let alone the grocery 2. Increase the number of that, but not anymore.) Check.
In theory the Fed can cause I have been saying for 5 years the store and gasoline pump. dollars in circulation, or credibly That didn’t work...
inflation rather easily. In practice US would follow the path of Berkanke's policies are just as threaten to do so. Check. That 12. Offer fixed-term loans to
the Fed has to deal with many Japan. An interesting chart in the mad from the perspective credit. didn’t work... banks at low or zero interest,
practical constraints. New York Times shows this is In a fiat credit-based regime, 3. Expand the scale of asset with a wide range of private assets
Murphy can believe what he indeed what has happened. there will be no significant purchases or, possibly, expand the deemed eligible as collateral
wants but he sure did not address click on chart for sharper image sustainable hiring or economic menu of assets it buys. Check & (…Well, I’m still waiting for
any issues of substance in his Madness of Bernanke growth when consumer and check. That didn’t work... them to accept bellybutton lint &
piece. Bernanke wants prices to rise business credit is collapsing. Net 4. Make low-interest-rate loans to Beanie Babies, but I’m sure my
By the way, I want to point out 2% a year. One problem is he credit creation has been negative banks. Check. That didn’t patience will be rewarded.
my definition of inflation and does not count food, energy, or for 10 quarters. Bernanke is work... Besides their “mark-to-maturity”
deflation once again. housing. Although OER (Owners attempting to stimulate lending, 5. Cooperate with fiscal offers will be more than enticing!)
Inflation is a net expansion of Equivalent Rent) is the largest and the Fed can print all the authorities to inject more money. Anyway… Check. That didn’t
money supply and credit, where component of housing, rent and money it wants. However, the Check. That didn’t work... work...
credit is marked to market. housing prices are two different Fed cannot force banks to lend or 6. Lower rates further out along 13. Buy foreign government debt
Deflation is the opposite: a net things. Property taxes and sales consumers to borrow. the Treasury term structure. (and although Ben didn’t
contraction of money supply and taxes are yet another thing, and For now, Bernanke's efforts have Check. That didn’t work... specifically mention it, let’s not
credit, where credit is marked to those are not factored into the caused rising commodity prices, 7. Commit to holding the forget those dollar swaps with
market. CPI either. which is hurting small businesses overnight rate at zero for some foreign nations.) Check. That
By that definition, consumer We are clearly following the that cannot pass on those price specified period. Check. That didn’t work...
prices and the stock market are path of Japan, especially if we increases because consumers are didn’t work... Now What?
s y m p t o m s o f i n f l a t i o n a n d include an analysis of housing and tapped out. The net effect of the 8. Begin announcing explicit I wrote about Bernanke's
deflation not a definition of it. equity prices including the policies of this Fed and this ceilings for yields on longer- Deflation Prevention Scorecard in
There are many more symptoms. Nasdaq. Yet to the pocketbook of administration is small businesses maturity Treasury debt (bonds April 2009.
Not all symptoms need be present the average US citizen, costs are are getting crucified in a price maturing within the next two Now, Bernanke is squealing like
all the time. going up, wages and benefits are squeeze. years); enforce interest-rate a stuck pig, begging Congress and
Following the Path of Japan going down (except of course for Thus, whether you view inflation ceilings by committing to make China to help him produce price
I have stated on many occasions W a l l S t r e e t a n d p u b l i c from a price perspective, or from unlimited purchases of securities inflation in the US
that if deflation is defined as an e m p l o y e e s ) . the proper perspective of credit at prices consistent with the Regarding points 8 and 9 above:
increase in prices, we may or Bernanke Doubly Wrong expansion, Bernanke is simply targeted yields. Check, and the Fed did purchase treasuries
may not see it. By my definition Regardless of what your position wrong. His policies have failed. check. That didn’t work... and agencies, but admittedly
we were in deflation in 2007 is regarding measuring inflation Bernanke's Deflation Prevention 9. If that proves insufficient, cap without an explicit ceiling.
through March 2009 and we have ( p r i c e s o r credit-based), Scorecard yields of Treasury securities at Theory and Practice
probably been in inflation since Bernanke is horrendously wrong. In case no one is keeping track, still longer maturities, say three to Murphy claims "Bernanke has
then. It is sheer madness in a world of Bernanke has now fired every six years. Check (they’re buying the power to raise prices if he so
I thought we were slipping back global wage arbitrage, where 14 bullet from his 2002 “ helicopter out to 7 years right now.) That chooses". Can he? With whose
i n t o d e f l a t i o n b u t t h e F e d million are unemployed, where drop” speech Deflation: Making didn’t work... help? At cost constraints
temporarily put a halt to that with the unemployment rate is close to Sure "It" Doesn't Happen Here. 10. Use its existing authority to Bernanke can ignore?
QE II. That does not mean the Fed 10%, to pursue a policy of Bernanke's Scorecard operate in the markets for agency FAILURE page 53
will be successful. Indeed I think attempting to force prices up, to Here is Bernanke’s roadmap, debt. Check (in fact, they “own”
E-reader News Edition
Ireland's "String and Sealing-Wax Fix"; Irish PM Loses
Confidence of Own Party; European Sovereign Default Risk Hits
All Time High
noreply@blogger.com (Michael
Shedlock) (Mish's Global
Economic Trend Analysis)
Submitted at 11/23/2010 1:12:00 PM
News in Europe regarding
Ireland, Spain, and Portugal is
ominous. Credit Default Swaps
(CDS) are soaring in Spain and
Portugal. European sovereign risk
jumped to an all-time high.
Lloyds TSB says "Ireland’s debt
woes may spread because
investors have lost confidence in
policy makers".
Members of his own party are
calling on Irish Prime Minister
Brian Cowen to resign.
The quote of the day goes to Bill
Blain, a strategist at Matrix
Corporate Capital LLP in London
who said "“Bailouts are nothing
but a short-term string-and-
sealing-wax fix”.
With that let's take a look at some
specific news.
Zero Confidence in Irish Solution
Lloyds says Ireland’s Woes May
Spread on ‘Zero Confidence’“The
markets currently have virtually
zero confidence that the bailout in
Ireland will solve the European
crisis even though fiscal austerity
measures in both Portugal and
Spain have been severe and prima
facie, sufficient to ease market
concerns,” Charles Diebel and
David Page, fixed-income
strategists in London, wrote in an
investor note today.
“With markets effectively in a
position to dictate policy, the risk
is that the credibility crisis shifts
to more sizeable European Union
countries and thereby poses a
greater risk to the system as a
whole,” they wrote. That may also
raise “valid questions about the
prescriptive policy measures
being sufficient to deal with
issues of such magnitude.” Credit
Default Swaps Soar in Spain,
Portugal
In spite of the Irish bailout,
Spain, Portugal Bank Debt Risk
Soars as Traders Look South The
cost of insuring Spanish and
Portuguese subordinated bank
bonds soared as traders of credit-
default swaps turned their focus to
southern Europe following
Ireland’s bailout.
Swaps on Portugal’s Banco
Espirito Santo SA rose to a record
while contracts on Banco Bilbao
Vizcaya Argentaria SA, Spain’s
second-biggest lender, climbed to
the highest in more than five
months. The benchmark gauge of
European sovereign risk also
jumped to an all-time high, while
two indexes tied to bank debt
surged the most since June.
Ireland’s rescue “achieves
completely the opposite of what it
allegedly tries to achieve, namely
to calm markets,” Tim Brunne, at
UniCredit SpA said in a report.
“Instead, the credit profile of both
the sovereign and the impaired
financial institutions has been
weakened,” the Munich-based
strategist wrote. “The
disentanglement of the sovereign
and the financial sector solvency
issue is the pivotal factor to
manage the European periphery’s
debt problems.”
“Bailouts are nothing but a short-
term string-and-sealing- wax fix,”
Bill Blain, a strategist at Matrix
Corporate Capital LLP in London,
wrote in a client note. “We into
the next stage of the euro
sovereign crisis. It’s now a
struggle between the political will
of the Brussels elites to maintain
the euro as is, versus the markets
betting they can’t.” Irish Prime
Minister Brian Cowen Loses
Confidence of His Own Party
Members of his Fianna Fail Party
may ask Cowen to Resign. Irish
Prime Minister Brian Cowen may
be asked to resign by some
members of his Fianna Fail party
as the parliament prepares to pass
the country’s 2011 budget, a
lawmaker in the party said.
“Tonight I’ll be telling him that
I’ve lost confidence in you, the
public has lost confidence in you
and for the sake of the country
and the party, give us an
indication when you will resign
and let us select somebody to lead
us into the next election,” Noel
O’Flynn told Bloomberg News in
Dublin today. “Several members
will stand up and ask him to go
after the budget” on Dec. 7.
Cowen’s position is weakening
as he opens formal negotiations
with the European Union and the
International Monetary Fund over
a rescue package to help stabilize
the country’s banking system.
Fianna Fail lawmakers will meet
tonight, a day after the Green
Party, Cowen’s junior coalition
partners, called for a January
election, saying he “misled’
voters over the past two weeks.
Ireland Borrowing Costs 5%,
Same as Greece
Dutch Finance Minister says
Ireland to Borrow From EU at
Same Rate as Greece Ireland will
pay about the same interest rate
on emergency loans from the
European Union as Greece, Dutch
Finance Minister Jan Kees de
Jager said.
“We agreed that it will take place
at about the same conditions and
pricing as with Greece,” De Jager
said in an interview at the
ministry in The Hague yesterday.
Ireland will have to pay interest of
“about” five percent on the
emergency loans, he said.
Dilution Concerns Plague Bank of
Ireland
Over bailout dilution concerns,
shares of Bank of Ireland Plunge
31 Percent Bank of Ireland Plc,
Ireland’s largest bank, fell to a 20-
Economy/ 49
month low on concern that
shareholders will be diluted in any
government bailout.
Bank of Ireland slid 31 percent to
27 cents at 12:45 p.m. in Dublin
trading after dropping 19 percent
yesterday. Allied Irish Banks Plc,
the country’s second-largest
lender, fell 19 percent to 33 cents
and Irish Life & Permanent Plc,
which has avoided a bailout so
far, fell 4.8 percent to 80 cents.
“That the banks will be obliged to
raise further capital now looks
assured,” Emer Lang, an analyst
with Dublin-based securities firm
Davy, wrote in a note today. “The
timing of any increase will hinge
on the balance struck between
‘immediate’ additional capital
injections and ‘top-ups’.” Rescue
Package Set at $114 Billion, 85
Billion Euros
The cost of the bailout keeps
going up. The original estimate
was for a $50 billion bailout.
Now, Ireland Said to Need 85
Billion Euros for Rescue
European Union officials estimate
that a rescue package for Ireland
may amount to about 85 billion
euros ($114 billion), according to
two officials familiar with the
talks.
The European Commission cited
the figure as a preliminary
estimate on a conference call of
IRELAND'S page 52
50
IRISH
continued from page 46
early as next week if the country
isn’t able to cover a revenue
shortfall after its European Union
partners delayed its next tranche
of aid money, High Frequency
Economics Ltd. said.
“With a big tax revenue shortfall,
cash requirements are surely
greater than the 6.5 billion euros
($8.95 billion) Athens was meant
to receive next week,” Carl B.
Weinberg, chief economist at
Valhalla, New York-based High
Frequency wrote in a note to
clients today.
“Unless the government gets
funds soon after Nov. 30, it will
run out of cash,” Weinberg said.
“If so, the government will have
to shut down, at least in part.”
Ireland should 'do an Argentina'
Dean Baker writing for the
Guardian says Ireland should 'do
an Argentina' Ireland is currently
experiencing a 14.1%
unemployment rate. As a result of
bailout conditions that will require
more cuts in government spending
and tax increases, the
unemployment rate is almost
certain to go higher. The Irish
people are likely to wonder what
their economy would look like if
they had not been rescued.
The pain being inflicted on
Ireland by the ECB/IMF is
completely unnecessary. If the
ECB committed itself to make
loans available to Ireland at low
interest rates, a mechanism
entirely within its power, then
Ireland would have no serious
budget problem. Its huge
projected deficits stem primarily
from the combination of high
interest costs on its debt, and the
result of operating at levels of
economic output that are well
below full employment – both
outcomes that can be pinned
largely on the ECB.
It is worth remembering that
Ireland's government was a model
of fiscal probity prior to the
economic meltdown. It had run
large budget surpluses for the 5
years prior to the onset of the
crisis. Ireland's problem was
certainly not out of control
government spending; it was a
reckless banking system that
fueled an enormous housing
bubble. The economic wizards at
the ECB and the IMF either
couldn't see the bubble or didn't
think it was worth mentioning.
The decision to make Ireland's
workers, along with workers in
Spain, Portugal, Latvia and
elsewhere, pay for the
recklessness of their country's
bankers is entirely a political one.
There is no economic imperative
that says that workers must pay;
this is a political decision being
imposed by the ECB and IMF.
This should be a huge warning
flag for progressives and, in fact,
anyone who believes in
democracy. If the ECB puts
conditions on a rescue package, it
will be very difficult for an
elected government in Ireland to
reverse these conditions. In other
words, the issues that Ireland's
voters will be able to decide are
likely to be trivial in importance
relative to the conditions that will
be imposed by the ECB.
The other point that should be
kept in mind is that even a
relatively small country like
Ireland has options. Specifically,
they could drop out of the euro
and default on their debt. What
Can't Be Paid Back, Won't
There is much more in the
Guardian article regarding what
went wrong in Argentina and
why, and how the IMF did
everything it could to sabotage
Argentina. It is an interesting read
well worth a look.
My only point of major
disagreement is with Baker's
suggestion that Ireland could drop
out of the Euro. While Ireland
certainly "could", such a move
could also cause hyperinflation, a
loss of faith in the currency.
Default is another matter. The
austerity measures imposed by the
IMP practically beg for default.
Will the next government go
along with any budget agreement
Prime Minister Brian Cowen
works out now?
I suspect not, nor do I think
Ireland should, although they may
try for a while. What can't be paid
back won't. The sooner Irish
citizens realize this, the better off
Ireland will be.
The critical point made by Baker
is " The decision to make Ireland's
workers pay for the recklessness
of their country's bankers is
entirely a political one. There is
no economic imperative that says
that workers must pay; this is a
political decision being imposed
by the ECB and IMF."
Firepower of Stupidity
I repeat what I said in Irish
Citizens Sold Down the River in
"Firepower of Stupidity"
Today the Irish Government sold
its citizens into debt slavery by
agreeing to guarantee stupid loans
made by German, British, and US
banks. Those loans fueled one of
the biggest property bubbles in
the world. Ireland has since
crashed.
Why the average Irish citizen
should have to bail out foreign
bondholders is beyond me, but I
do note that the same happened in
the US with taxpayers footing an
enormous bill for Fannie Mae,
Freddie Mac, and AIG.
No matter what stupid thing
banks do, prime ministers and
presidents are all too willing to
make the average taxpayer foot
the bill for the mess. That by the
way, is one reason why we get
into these messes in the first
place.
By agreeing to take on that debt,
and sticking it to the Irish
taxpayers who will be forced to
accept various austerity measures
to pay back that debt, Irish Prime
Minister Brian Cowen and
Finance Minister Brian Lenihan
just sold Ireland down the river.
For additional insight on how the
crash affects Ireland, please see
Ghost Estates and Broken Lives:
the Human Cost of the Irish Crash
Ireland at Crossroads
Ireland is at a major crossroads.
The fact that Irish Prime Minister
Brian Cowen is willing to step
down helps.
I agree that Ireland certainly
needs reforms. Lowering the
minimum wage will help create
jobs. So will reducing benefits.
E-reader News Edition
Both need to happen regardless of
what labour parties might think.
However the biggest job creation
effort will come from Ireland
telling the ECB and IMF to stuff
it. There is no reason Irish citizens
should have to pay back the
foolish guarantees made by Brian
Cowen.
Cowen will be gone soon
enough, and the next PM can and
should have different thoughts
about the meaning of "guarantee".
German Chancellor Angela
Merkel last month called for
bondholders to foot more of the
bill of European bailouts. I agree.
It's time to hold her to her word.
Mike "Mish" Shedlock
h t t p : / /
globaleconomicanalysis.blogspot.
com
Click Here To Scroll
Thru My Recent Post List
Mike "Mish" Shedlock is a
registered investment advisor
representative for SitkaPacific
Capital Management. Sitka
Pacific is an asset management
firm whose goal is strong
performance and low volatility,
regardless of market direction.
Visit http://www.sitkapacific.com
/account_management.html to
learn more about wealth
management and capital
preservation strategies of Sitka
Pacific.
E-reader News Edition
NOVEMBER
continued from page 47
payments from agency debt and
mortgage-backed securities in
long-term Treasury securities. In
his assessment, this continued
high level of monetary policy
accommodation could put at risk
the achievement of the
Committee's long-run policy
objectives.
It was agreed that the next
meeting of the Committee would
be held on Tuesday, December
14, 2010. The meeting adjourned
at 1:15 p.m. on November 3,
2010.
Notation Vote
By notation vote completed on
October 8, 2010, the Committee
unanimously approved the
minutes of the FOMC meeting
held on September 21, 2010.
Videoconference Meeting of
October 15
The Committee met by
videoconference on October 15 to
discuss issues associated with its
monetary policy framework,
including alternative ways to
express and communicate the
'Luther' and New TV Shows on DVD for Nov. 23,
2010
Elizabeth Chan (TV Squad)
Submitted at 11/23/2010 7:30:00 AM
Filed under: TV Shows on DVD
Considering 'tis the holiday
shopping season with both "Black
Friday" and "Cyber Monday"
coming up on the heels of
Thanksgiving, it's surprising that
Committee's objectives,
possibilities for supplementing the
Committee's communication
about its policy decisions, the
merits of smaller and more
frequent adjustments in the
Federal Reserve's intended
securities holdings versus larger
and less frequent adjustments,
and the potential costs and
benefits of targeting a term
interest rate. The agenda did not
contemplate any policy decisions
and none were taken.
Participants agreed that greater
public understanding of the
Committee's interpretation of its
statutory objectives could
contribute to better
macroeconomic outcomes.
Participants expressed a range of
views about the potential costs
and benefits of quantifying the
Committee's interpretation of its
statutory mandate to promote
price stability by adopting a
numerical inflation objective or a
target path for the price level. In
the end, participants noted that the
there aren't many more TV DVDs
coming out this week.
However, there is one key DVD
that does hit the shelves today.
As fans of 'The Wire' have
watched their favorite characters
land in other shows, Idris Elba
headed back to the other side of
the pond in 'Luther.' Elba plays a
longer-run projections contained
in the Summary of Economic
Projections, which is released
once per quarter in conjunction
with the minutes of four of the
Committee's meetings, convey
considerable information about
participants' assessments of their
statutory objectives. Participants
discussed whether it might be
useful for the Chairman to hold
occasional press briefings to
provide more detailed information
to the public regarding the
Committee's assessment of the
outlook and its policy
decisionmaking than is included
in Committee's short post-meeting
statements.
In their discussion of the relative
merits of smaller and more
frequent adjustments versus larger
and less frequent adjustments in
the Federal Reserve's intended
securities holdings, participants
generally agreed that large
adjustments had been appropriate
when economic activity was
declining sharply in response to
no-nonsense detective, in his
native British accent to boot -- a
TV/ Economy/ 51
the financial crisis. In current
circumstances, however, most
saw advantages to a more
incremental approach that would
involve smaller changes in the
Committee's holdings of securities
calibrated to incoming data. TV Families We'd
Finally, participants discussed the
potential benefits and costs of
Want to Spend
setting a target for a term interest
rate. Some noted that targeting
Thanksgiving With
the yield on a term security could Kim Potts (TV Squad)
be an effective way to reduce Submitted at 11/23/2010 8:00:00 AM
longer-term interest rates and thus
provide additional stimulus to the Filed under: Features, Holiday
economy. But participants also TV
noted potentially large risks, We're not saying there's anything
including the risk that the Federal wrong with your family ... you're
Reserve might find itself buying probably looking very much
undesirably large amounts of the forward to spending another long,
relevant security in order to keep long, loooong Thanksgiving Day
its yield close to the target level. with your relatives. Right? Or
Join the conversation about this maybe not. But whether your own
story » folks are delightful or
dysfunctional, we bet you'll agree
that these TV families would
make great Turkey Day hosts ...
Permalink| Email this| Linking
Blogs| Comments
far cry from his Stringer Bell
days.
Definitely get this DVD and
check out the rest of the DVDs
that hit the stores today after the Hey Zombie Bears, It's
jump! Time To Admit The
Permalink| Email this| Linking
Blogs| Comments Recession Is Over
Barry
“ Dude, Ritholtz
you (Money Game)
HEYreally
page 52love a good
bloodbath,
Submitted don’t
at 11/23/2010 you?
2:04:00 PM You
52 Food/
HEY
continued from page 51
actually have fum when the
market is getting killed.“
Prior to the collapse, there were
few bigger bears than I. Kevin
(my partner) constantly harangued
me about it. That’s his quote
above, and I admit to some level
of guilt.
Understand why this was: The
long hours of research put into
identifying the variant perspective
was a lonely path. There were no
guarantees it would be correct.
Worse still, it took a long time —
years — to pay off professionally.
I ate a lot of crow, and was
mercilessly tortured by eejits over
what I knew was a giant debacle
in the making.
When the deluge came, I
incorporated the collapse into my
thinking. It changed the valuation
calculus, the surprise factor, the
psychology. I didn’t want to be
one of those guys– the über bears
who stayed negative regardless.
This unfortunate crew missed the
1982 lows, the 1980s bull market,
Season's Best: Roasted Turkey
(Cooking Light: Editor's Picks)
Sorry, Readability was unable to
parse this page for content.
This entry passed through the
Full-Text RSS service — if this is
your content and you're reading it
the tech boom, the 2003 post-
dotcom-implosion rally, the
commodity boom, the 2009
snapback.
After the flood, I started looking
for the silver lining. We already
had a massive crisis and collapse,
so the worst of what came before
was already reflected in equity
prices and trader psychology.
Even after all this, these reflexive
Bears refuse to flip. They will not
admit the economy is getting
better, albeit slowly. They insist
the recession was a depression;
they insist it never ended. These
are the bears who cannot be
killed. They will stay bearish,
regardless of the data that all but
insists otherwise.
These are the Zombie Bears . . .
they cannot be killed.
As I write this, the market is off
1.5%, and some of our long
positions will soon hit our sell
discipline (We will stop ourselves
out). This is the nature of asset
management: One needs to be
on someone else's site, please read
our FAQ page at fivefilters.org/
content-only/faq.php
Five Filters featured article:
Beyond Hiroshima - The Non-
Reporting of Falluja's Cancer
Catastrophe.
flexible, intellectually nimble,
open minded. One cannot marry a
position, ignore data that goers
against it, and just hope for the
best.
Markets on occasion appear
irrational. They operate on
different time scales than humans
do. We are stuck in the moment,
they exist across longer arcs of
time. So very often, we cannot
adapt to their ways. We fight
them . . . and we lose.
Meanwhile GDP was revised to
2.5% (more than previously
calculated) on increased exports
boosted domestic spending.
Bad news, bears The Recession is
over . . . Check out Barry
Ritholtz's take on the end of the
stock-bond correlation >
Join the conversation about this
story »
IRELAND'S
continued from page 49
euro-region finance ministers on
Nov. 21, said the people, who
spoke on condition of anonymity
because the talks were private. Of
the total, 35 billion euros would
be earmarked for banks and 50
billion euros to help finance the
Irish government.
Contagion is spreading through
the euro region as Ireland
hammers out an aid package with
the EU and the International
Monetary Fund to rescue its
banking system. Spanish bonds
tumbled, pushing the extra yield
that investors demand to hold its
10-year debt over German bunds
to a euro-era record of 236 basis
points. Irish bonds also dropped
today. A tip of the hat to
Bloomberg for every one of the
above links.
Ireland at Crossroads
Here are my thoughts expressed
in Irish PM Dissolves
Government; Spanish Banks Face
Debt Challenge; Greece May
"Shut-Down"; Meaning of
"Guarantee"; Should Ireland Ditch
the Euro?
Ireland is at a major crossroads.
The fact that Irish Prime Minister
Brian Cowen is willing to step
down helps.
I agree that Ireland certainly
needs reforms. Lowering the
minimum wage will help create
jobs. So will reducing benefits.
Both need to happen regardless of
what labour parties might think.
However the biggest job creation
effort will come from Ireland
E-reader News Edition
telling the ECB and IMF to stuff
it. There is no reason Irish
citizens should have to pay back
the foolish guarantees made by
Brian Cowen.
Cowen will be gone soon
enough, and the next PM can and
should have different thoughts
about the meaning of
"guarantee".
German Chancellor Angela
Merkel last month called for
bondholders to foot more of the
bill of European bailouts. I agree.
It's time to hold her to her word.
Mike "Mish" Shedlock
h t t p : / /
globaleconomicanalysis.blogspot.
com
Click Here To Scroll
Thru My Recent Post List
Mike "Mish" Shedlock is a
registered investment advisor
representative for SitkaPacific
Capital Management. Sitka
Pacific is an asset management
firm whose goal is strong
performance and low volatility,
regardless of market direction.
Visit http://www.sitkapacific.com
/account_management.html to
learn more about wealth
management and capital
preservation strategies of Sitka
Pacific.
E-reader News Edition
FAILURE
continued from page 48
In theory, the Fed can cause
massive inflation at will. In
practice, they can't. As Yogi Berra
once quipped " In theory there is
no difference between theory and
practice. In practice, there is."
You can lead a horse to money,
you can't make him eat it. That's
the very important difference. It's
a question of attitudes.
The Fed can certainly encourage
inflation by offering money at
seemingly attractive rates, but it
cannot force the issue.
Right now, neither consumers nor
businesses want the risk. They are
too loaded up with debt already,
no matter how attractive the Fed
wants debt to appear. It's like
trying to give a kid one piece of
cake too many. At some point,
extra frosting makes the cake look
less attractive, not more. At that
point the kid will not take another
bite.
That is the point we are at now.
The Fed is hoping Congress will
How to Avoid Online Holiday Shopping
Pitfalls
nospam@example.com
(Reader's Digest
Magazine) (Financiallyfit on
Shine)
Submitted at 11/22/2010 8:13:46 PM
With the holiday shopping season
quickly approaching, we are all
looking for ways to save. One of
the best ways to cut costs and
avoid hassles is to shop online.
eat more cake. It's up to Congress,
not the Fed, and I doubt Congress
want to eat as much cake as the
Fed needs.
Not Start of Blog Wars
No sports fans this is not the start
of blog wars. Although Murphy
did an anemic job of covering any
issues of merit regarding the
inflation-deflation debate in his
article, I wholeheartedly endorse
his post My Debate Challenge to
Paul Krugman in which he
challenges Krugman to a debate
on Austrian versus Keynesian
business-cycle theory.
Murphy has over $50,000 in
pledges as of a couple weeks ago.
The goal is $100,000.
95% of the pledges will go to the
Fresh Food Program at
FoodBankNYC.org.
To make a pledge please click on
Murphy-Krugman Debate.
Beating Krugman should be easy
enough, and the results should be
entertaining.
But not all deals are as great as
they seem at first glance. Our
friends at MoneyTalksNews.com
share five potential pitfalls to
online holiday shopping, and
some ways you can address them
to maximize savings and
minimize stress:
Products/ Finance/ Culture/ 53
Mike "Mish" Shedlock
'Tis the season to be
h t t p : / /
globaleconomicanalysis.blogspot. sexist? Not like it used to
com
Click Here To Scroll
Thru My Recent Post List
be
Mike "Mish" Shedlock is a Consumer Reports Shopping slacks ad?)
Blog (Consumer Reports) Suggestive advertising is still
registered investment advisor
representative for SitkaPacific Submitted at 11/23/2010 11:08:58 AM pretty common (see AXE
Capital Management. Sitka deodorant and American Apparel
Pacific is an asset management 'Tis the season to be sexist? Not clothing). But the holiday season
firm whose goal is strong like it used to be seems to be off to a fairly tame
performance and low volatility, In"Oh honey, you shouldn't start. Some viewers might be
regardless of market direction. have!" we talked about the perils offended by the Target Two-Day
Visit http://www.sitkapacific.com of buying your spouse a vacuum Sale television campaign, in
/account_management.html to or toaster for the holidays. Our which comedian Maria Bamford
learn more about wealth final word: if you do go the small plays two sisters—one dour, the
management and capital appliance route, make sure it's a other oddly ageless—gearing up
preservation strategies of Sitka t o p m o d e l f r o m C o n s u m e r for the Black Friday bonanza. But
Pacific. Reports reviews—and maybe it's more creepy than chauvinistic.
throw in something silky for good (Feel free to disagree in the
measure. comment box below.)
T h e t r o u b l e w i t h s m a l l Things could still take a turn for
appliances, of course, is the whiff the sexist. Even with Christmas
of chauvinism they can bring. But Creep pushing the holidays up to
seasonal sexism used to be a lot summer this year, we've yet to
worse, as a Ragan.com story on feel the full brunt of the 2010
the"The 10 most sexist ads of advertising blitz. But we're
yesteryear" makes clear. Most of guessing we won't see anything
the spots hail from the heady Mad o n t h e o r d e r o f t h e o l d
M e n d a y s o f a d v e r t i s i n g , Volkswagen ad that warned
including the vacuum cleaner spot "Sooner or later, your wife will
with the tag line "Christmas drive home: one of the best
morning she'll be happier with a r e a s o n s f o r o w n i n g a
Hoover." There's also the ad for a V o l k s w a g e n . "
Kenwood Chef stand mixer, —Daniel DiClerico Subscribe
featuring a smiling couple, loads now!
of mixed drinks, and the line "The S u b s c r i b e t o
Explosive Digital C h e f d o e s e v e r y t h i n g b u t ConsumerReports.org for expert
cook—that's what wives are for!" Ratings, buying advice and
Art by Archan Some of the other campaigns are r e l i a b i l i t y o n h u n d r e d s o f
way racier (remember the tiger products. Update your feed
Nair (15 pieces) lady from the 1970 Mr. Leggs preferences
alice
Archan(Featured
Nair isBlog
EXPLOSIVE Posts
a page
visual - My
54 artist,
Modern Metropolis)
illustrator and art director based in
54
EXPLOSIVE
continued from page 53
New Delhi, India whose work can
only be described as explosive. At
18, he began working in fashion
at his family's apparel
manufacturing business. It was
only when he started dabbling in
digital art in 2006 (at the age of
24), that he found his true calling.
Just a year later, he became an
independent artist.
His incredible style has not gone
unnoticed, in fact, he's worked
with global companies to help
build their brand. With an
impressive client list that includes
Canon, Nike, Microsoft, Pepsi
and Sony, you can say that at the
age of 27, Archan has already
experienced a great deal of
success. (His work has also been
published in magazines like
Vogue, GQ and Vanity Fair.)
Using mixed media, including
both traditional and digital tools,
Archan creates layered
illustrations that are full of detail.
But more than that, you can tell
that he put his emotions and
feelings into each piece, bringing
together life's moments in a way
that's beautiful and memorable.
We caught up with Archan to ask
him some questions. Read that
interview below after enjoying his
spectacular art and illustrations.
How does living and working in
India influence your work?
First of all, thank you so much
for making me a part of this
wonderful discussion. It's a real
pleasure! India is a stunning,
beautiful country. I am in love
with this part of the world. Truly
blessed to be born here in this
divine land. My art and
expressions have a natural
influence from our rich culture,
atmosphere, and heritage. So
much richness in fashion, food,
streets, festivals, people.. every
part of India you go to, you
experience so much diversity.. it's
full of soul and passion. I
definitely get a lot of influence
directly or indirectly from this
country I have grown up in, which
has embedded its values into me
subconsciously.
How would you describe your
style?
I feel like I don't have a style, and
that is my style.. that I don't have
a style. Haha! Because I love
experimenting with media so
much, I keep creating something
new all the time. This usually
leads to creating something new
rather than something in a similar
style. But one element which is
common in most of my artworks
is my feelings. That is something
I always connect with while
creating and personally comes out
the most.
Where do you get your
inspirations from, or what inspires
you?
Life = Inspiration. Everything
and anything could inspire. Even
this conversation or a cup of chai
(tea) which I hardly have, you, my
friends, travels, anything really. I
am very vulnerable to inspiration.
I get inspired very easily, so it is
just this incredible beautiful life
which works with us, where it
creates and lets us create.
What drives you to create, or
what is the soul vision behind
your works of art?
Wow, these two questions go
seamlessly with each other. The
excitement to share, to express, to
inspire is always pushing me to
create. My works express what I
feel, a lot of the phases and
moments I observe around me,
and it really depends on a
particular mood. It's the zone I'm
in to create at that time.
What are some of the trends
you've been seeing in digital art?
There has been a lot of variety I
have come across, just as any
other medium. From illustration,
to more concept based, to
freestyle to photo manipulations,
matte painting. I think every artist
evolves in his own way, in his
own speed and area of interest.
But as a trend I usually see a lot
of commercially oriented styles
where there is a lot of photo
mixed illustration and geometric
experimentation going on. I also
see a lot of concept-oriented
works becoming stronger these
days, as well.
Who are some other artists that
you admire?
I love a lot of musicians like
Shpongle, Bassnectar and Baths..
been listening to them lately. I
listen to a lot of music and artists.
Also, I admire a lot of artists and
sculptors in interiors and villages
of India, they produce some
beautiful works of art.
How has the internet helped you
get your name out there?
Technology in any form, mobile,
internet, has not only made the
world smaller, but the way we
keep in touch with easy other has
become far more easier, whether
it be friends or network. I feel it
plays an equal role having a
website presence as much as
showcasing our artworks in the
real physical plane. I believe that
if we create from our hearts, all of
these areas of communication and
display help in one way or the
other.
What was working for Nike like?
It was a true pleasure to work
with Nike. It has been a beautiful
experience for me. The projects I
completed with them will be
released in January. It was
challenging, fun, and most of all,
a learning experience. What I
E-reader News Edition
loved was the creative freedom
they gave and the fact that they
wanted me to create from the
heart, completely! Was beautiful
working with them and I hope to
do more with them in the future.
How did you land jobs with
magazines like Vogue and GQ?
It was through magazine features
and press coverage, that Condé
Nast came across my work and
we started doing projects together.
Started with GQ first and then
Vogue. I have done a couple of
projects with each of them, and
really enjoy creating with them
now.
Any advice you'd give to other
illustrators or artists?
To follow your heart, to be
absolutely original, and to explore
and enjoy what you do.
Thank you for the interview,
Archan. I'm sure your work and
story will inspire many others.
You can find Archan Nair on his
recently redesigned website and
Facebook.
Thanks for the tip, Laura!
E-reader News Edition
Antiretroviral Drugs May Prevent HIV Infections
Nathan Seppa (Wired Top
Stories)
Submitted at 11/23/2010 12:30:00 PM
HIV-negative gay and bisexual
men can lower their likelihood of
acquiring the AIDS virus by
taking an antiretroviral drug mix,
concludes a study in which
healthy men received either the
medication or a placebo. The
finding, published online
November 23 in the New England
Journal of Medicine, suggests that
a preventive strategy might limit
HIV spread, scientists say.
“These results represent a major
advance in HIV-prevention
research,” says physician Kevin
Fenton of the Centers for Disease
Control and Prevention in Atlanta.
“For the first time, we have
evidence that a daily pill used to
treat HIV is partially effective for
preventing HIV among gay and
bisexual men at high risk of
infection.” Fenton cautions,
however, that the results don’t
warrant abandoning other proven
prevention techniques.
Physician Robert Grant of the
University of California, San
Francisco and an international
team of researchers recruited
2,499 men who have sex with
men. Participants lived in the
United States, Peru, Ecuador,
South Africa, Brazil and Thailand.
Half were randomly assigned to
get a placebo and half got a
similar-looking pill that contained
two antiretroviral drugs,
emtricitabine and tenofovir.
During a follow-up period that
averaged slightly more than one
year, 100 of the men became
infected with HIV — 64 who took
the placebo and 36 who got the
drugs. Men assigned to the real
drugs and who took them more
than 90 percent of the time had
the highest rate of protection, the
data show.
In trials offering preventive
drugs, there is always a risk that
some participants’ behavior will
become more risky because they
assume they are protected, says
Connie Celum, a physician and
epidemiologist at the University
Culture/ 55
and treatment for other sexually
transmitted diseases.
In the fight against HIV, Celum
says, “we are enthusiastic about a
role for preexposure prophylaxis.”
She is currently testing the
strategy in a trial in East African
heterosexual couples in which one
spouse is HIV-positive but not the
other. The HIV-negative spouses
are being randomly assigned to
get medication or a placebo, she
says, along with counseling and
other services, which appear to be
indispensable. “No single strategy
will have overwhelming
efficacy,” Celum predicts.
Image: California Department of
Toxic Substances Control
This entry passed through the
of Washington in Seattle who Full-Text RSS service — if this is
wasn’t involved in the new study. your content and you're reading it
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care services, she says. “It helps content-only/faq.php
to tell them they may be on a Five Filters featured article:
placebo.” Beyond Hiroshima - The Non-
High-risk behaviors actually Reporting of Falluja's Cancer
decreased in both groups after Catastrophe.
enrollment, the authors note,
possibly because participation
included free condoms,
counseling, regular HIV testing
56 Culture/ Sports/ E-reader News Edition

Angelina Talks About Filmmaking - Tiger Woods Needs to Be

Interesting or Too Intense? Loved, Unfortunately He
PopSugar (PopSugar)
Submitted at 11/23/2010 12:00:00 PM
these people in need, and get the
right information out to the
international community. I've met
when this happens what can we
do to prevent [it]?"
• On loving directing: "From the
Isn't
Clay Travis (FanHouse Main)
Angelina Jolie and her family with so many people over the very first day I've loved it more
have been in Budapest for the last years, and in some way this story than I've ever loved acting. I've Submitted at 11/23/2010 11:26:00 AM

month while she works on her still could take place in any country. always loved being an actor but
-untitled directorial debut, with The essence of it is we meet Filed under: PGA When you
there's something about being a
Brad Pitt making frequent cameos people on the eve of the war and break it all down there are two
director where you really get to
o n s e t t o p h o t o g r a p h t h e we see what their lives could have kinds of athletes: those who can
know the crew and the actors so
proceedings and maybe even been. We meet them as young handle being hated and those who
much more. You really become
scoring a role as an extra. She people, and it's a lot of hope and can't.
part of the team."
recently granted an interview to a wonderful lives that come out Some athletes perform their best
Hungarian outlet about the movie, from Yugoslavia." when the world is at war with
The rare interview from Angelina
saying she's tried to focus on the • them: Barry Bonds, Terrell
On the movie being gives great insight into her work,
Serbian/Muslim love story aspect. political:"My goal was try to talk Owens, Kobe Bryant. While
especially considering the delicate
The actress, who just donated to people from all sides of the others need to bathe in fan
subject matter of her project. So,
$ 1 5 0 , 0 0 0 t o a n a d o p t i o n situation and allow them to have a adulation in order to be
tell us what you think of Angelina
organization, says she was voice. Allow them to have to go successful: LeBron James, Vince
sharing about her filmmaking -
compelled to make a film that through what they went through Young, Alex Rodriguez.
interesting or too intense?
sheds light on the human cost of and express it whether it be Up until this year, we didn't
Angelina Talks About they're motivated by something
war. She said: really know about Tiger Woods.
extreme cruelty or the loss of Filmmaking - Interesting or Too internal, a drive to succeed that
He seemed like the kind of athlete
humanity or the extreme sense of Intense? Interesting - She's doesn't take note of their
• On getting the idea for the hope or the beauty, whatever it who could put on his sunglasses
passionate about a topic that surroundings. But this past year
film:"I've had a lot of frustration was. . . If there's a political and ignore all distractions as he
deserves our attention. Too we discovered a flaw in Tiger
w i t h h o w l o n g i t t a k e s t o statement it's that hopefully stood over a ball on the tee.
intense - Angelina sure is bold to Woods: he really wants to be
intervene or understand what's people will watch it and say Certainly that was his reputation
tackle this subject on her first liked. In the world at large, that's
happening within a conflict and where was I when this was on the course, that his powers of
film! not a flaw at all. In fact, in most
for the world to give assistance to happening? . . . And next time concentration were superior to
yours or mine. That Earl Woods' walks of life that's helpful. But
son didn't need to worry about Tiger Woods got used to being
silly things like fan support or beloved on the golf course and
someone calling out, "That's what when that love suddenly vanished,
she said," after another fan yelled, he didn't know how to respond.
"Get in the hole!" on his tee shot. Suddenly, the roar from Tiger's
But he truly cares what we think crew on the course turned from
of him, after all this, Tiger Woods adulation over an eagle or birdie
is not a golfing island. putt to catcalls over his private
All athletes like to pretend that life.
E-reader News Edition
Electric Nissan Leaf Gets Equivalent of 99 MPG
Chuck Squatriglia (Wired Top
Stories)
Submitted at 11/23/2010 12:34:00 PM
It’s official: The Nissan Leaf
electric vehicle gets the equivalent
of 99 mpg in combined city and
highway driving.
The Environmental Protection
Agency has approved the window
sticker you’ll see(.jpg) when the
Nissan Leaf rolls into showrooms
next month, and it says in big bold
letters, “99 MPG equivalent
combined 106 city, 92 highway.”
How’d they arrive at those
figures? According to Nissan, the
calculation is based on the EPA’s
formula of 33.7 kilowatt-hours
being the equivalent of one gallon
Eric Christian Olsen Loves L.A.!
Chris Willman (TVGuide.com:
Breaking News)
Submitted at 11/23/2010 11:39:00 AM
Erik Christian Olsen
Eric Christian Olsen remembers
the moment he learned he'd
graduated to "regular" status for
the second season of NCIS: Los
Angeles, after guesting on two
episodes in Season 1. "I got the
call while I was in Canada doing
The Thing prequel," he says. "I
was so excited they were picking
up the option I was jumping
around with a tentacle hanging off
[my] back."
of gasoline. The Leaf’s 24
kilowatt-hour pack is good for a
driving range of 73 miles. The
window sticker says the car
charges in seven hours at 240
volts.
Nissan has said the Leaf will
deliver a range of 100 miles based
on the LA4 driving cycle. Further
muddying the waters, the Leaf
also will feature a sticker from the
Federal Trade Commission, which
regulates advertising of alt-fuel
vehicles, stating the car has a
range of 96 to 110 miles,
according to The New York
Times.
The question of range is
dependent upon several factors,
including driving style and
Deeks, an LAPD liaison officer
working with the undercover
NCIS team, is brighter than a lot
of the characters Olsen previously
played in films like Beerfest and
Dumb and Dumberer, not to
mention his shirtless dude on the
first season of Community. In the
real world, he relates to his
current alter ego, who dropped out
of law school to become a cop.
Olsen was studying child
psychology at Pepperdine U and
hoping to go into medicine before
acting intervened. "Everything in in the woods ultimately leading
life is just a Robert Frost poem," down the coast to NCIS: Los
he says — with one of those paths Angeles.
ambient temperature. Drive like
Formula 1 champ Sebastian Vettel
on a blistering hot day with the A/
C cranked and you’ll get far less
range than if you drive like
grandma on a pleasant day. That’s
why Nissan says drivers will
experience “a range of ranges.”
“We’re trying to be very open so
folks are making the right
decision for them,” Mark Perry,
Nissan’s director of EV and
As Deeks, Olsen shares a good
deal of screen time with Daniela
Ruah's Kensi, which "allows a 'B'
story line to be happening," says
Olsen. That is, he and Ruah can
follow one investigative road
while Chris O'Donnell and LL
Cool J follow another, "instead of
the three of them always going
everywhere." But c'mon — it also
works because these two
characters are hot for each other,
right? Are they a Tiva 2.0? "Every
relationship in television is a love
story," he says. "It's a love story
between me and Kensi and also a
love story between Chris and LL
Culture/ TV/ 57
advanced technology strategy,
told The Times. “We don’t want
them to be surprised.”
The EPA says annual electricity
costs for the Leaf will be $561.
Photo of the Leaf on the
assembly line: Nissan
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and between me and Linda
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58 TV/ Sports/
Cartoon Network's CGI movie
Firebreather Has Daddy Issues
Danny Spiegel (TVGuide.com:
Breaking News)
Submitted at 11/23/2010 1:29:00 PM
Firebreather
High school, for any kid, is tough
enough. But if you're half-human,
half-Kaiju (a "monster" in the
Godzilla genre), it's a mess.
Cartoon Network's first original
CGI movie, Firebreather, follows
16-year-old Duncan Rosenblatt
(voiced by Jesse Head) as he deals
with his unique appearance (scaly
skin, pointy teeth, etc.),
superhuman abilities, typical girl
troubles and an estranged father
the size of a skyscraper who now
wants a relationship with his son.
And while the movie — based on
the Image Comics series of the
same name — is packed with
thrilling and complicated action
sequences, it was the character of
Belloc, a 120-foot giant who
somehow sired a son with
Duncan's mother, Margaret
(voiced by Dana Delany), which
created the project's greatest
challenge. "Belloc had to be
appealing and charming enough
as a character [that viewers]
would believe that there could
have been that relationship
between him and Duncan's mother
that could result in Duncan," says
director Peter Chung. (Providing
the character's voice is Kevin
Michael Richardson, a versatile
animation actor best known as
Cleveland Jr. on The Cleveland
Show.) "Their relationship is such
a crucial part of what's driving
Duncan and his inner conflict."
And you thought your parents
were embarrassing.
Firebreather airs Wednesday, 7/
6c, on Cartoon Network.
E-reader News Edition
Thanksgiving NFL
MVPs: A Brief History
FanHouse Staff (FanHouse night contest. And in 2007 they
Main) added an award for that, too -- the
Submitted at 11/23/2010 11:22:00 AM Pudding Pie Award.
This year, the action is started by
Most MVP discussion this season the Patriots vs. Lions game on
has centered on whether Mike CBS. That game looks to be a
Vick is a lock, but that award is lock for the Patriots, so you can
still weeks away. There will be be the All-Iron Award will go to
three MVPs named much earlier, someone on their roster. Maybe
on Thanksgiving Day, part of the Tom Brady can add another honor
spectacle surrounding the league's to his resume? The Saints and
annual three-game slate. Cowboys play on FOX after that,
While Thanksgiving football has and there are a number of
been a staple since the AFL days, playmakers on both teams who
the first MVP wasn't named until c a n t a k e h o m e t h a t a w a r d .
1989, when John Madden created Finishing us off on the NFL
the Turkey Leg Award for FOX's Network are the Jets and Bengals.
game broadcast (later to be named The Jets have gotten good at
Subscribe to TV Guide Magazine the Galloping Gobbler). The other winning games late, so it's
now! Thanksgiving game originally possible that someone will come
This entry passed through the aired on NBC, who declined to through for Gang Green in the
Full-Text RSS service — if this is give a similar honor in their game, clutch again and take home the
your content and you're reading it but that all changed when CBS Pudding Pie Award as dessert.
on someone else's site, please read took over in 1998 with their All- Below is a list of every past
our FAQ page at fivefilters.org/ Iron Award. For years, it was just award winner.
content-only/faq.php those two games, but then NFL
Five Filters featured article: Network came along to add a
Beyond Hiroshima - The Non-
Reporting of Falluja's Cancer
Catastrophe.
E-reader News Edition TV/ Sports/ 59

Police: Ugly Betty Actor Michael L.

Brea in Custody Following Slaying of
Mother
Gina DiNunno (TVGuide.com:
Breaking News)
Submitted at 11/23/2010 12:51:00 PM

Michael L. Brea
Actor Michael L. Brea, who
appeared on episodes of Ugly
Betty and in the feature film Step-
Up 3D, is a person of interest in
the murder of his mother, who
was stabbed to death Tuesday
with a Samurai sword, police told
TVGuide.com.
New York authorities were called
to Brea's Brooklyn apartment after
screams were heard by neighbors
early Tuesday morning. Yannick
Brea, 55, was found with multiple
stab wounds and was pronounced
dead on arrival at 2:20 a.m.,
police spokesman Det. Martin
Speechley said.
Brea had to be subdued with a
taser and is currently undergoing
a psychiatric evaluation at a
hospital, where he is with a police
guard, Speechley said. He has not
been charged.
See celebrities who died this year
Neighbors said Brea was yelling
biblical passages at his mother.
"I hear [Brea] chasing her through
Tiger's Rebound Will Be
Sterling
David Whitley (FanHouse Main) million in lost endorsements and
Submitted at 11/23/2010 11:25:00 AM at least four suicides by Nike
executives.
Filed under: PGA It will be in with the new, which
We usually wait until the New will feature four or five wins on
the house and he's just saying a commercials, was described as Y e a r f o r p r e d i c t i o n s . B u t the PGA Tour and one major
bunch of [Bible] passages like, quiet by his neighbors. according to the Tiger calendar, championship.
' R e p e n t , R e p e n t , R e p e n t , ' " This entry passed through the this one will arrive Friday at 2:33 The Year of the Dog will be over.
neighbor Gregory Clare told local Full-Text RSS service — if this is a.m. when the ball drops at Speaking for all of humanity let
television station WPIX 11 News. your content and you're reading it Isleworth. me say it didn't end one mistress
"I heard him chasing her through on someone else's site, please read It will be out with the old year too soon.
the house and I hear a loud our FAQ page at fivefilters.org/ featuring zero wins, one divorce, It's not that we didn't enjoy the
scream and so I have my father content-only/faq.php two porn flicks, three weeks in greatest sports scandal since Pat
call the cops, call 911." Five Filters featured article: sexual rehab, nine threatened Nixon caught Dick texting G.
Sources close to the investigation Beyond Hiroshima - The Non- paternity suits from Devon James, Gordon Liddy at the Watergate.
told WPIX 11 News that Yannick Reporting of Falluja's Cancer 16 say-nothing interviews, an But about the 67th Gloria Allred
Brea was decaptiated and her Catastrophe. undisclosed number of visits from press conference, Tiger Fatigue
body badly hacked. a Canadian witch doctor, $22 set in.
Brea, who also appeared in Coke
60 TV/ Sports/ Daily Word/ E-reader News Edition

'Ugly Betty' Actor Arrested for Murder, Psalm 100:4-5 (11-23-10)

'Gossip Girl' Suspends Momsen and
More Celebrity News from PopEater
Elena Cox (TV Squad)
Submitted at 11/23/2010 8:30:00 AM
Filed under: Celebrities and
Gossip Want to know what's
going on with your favorite TV
stars when the cameras aren't
rolling? Check out the latest
celebrity news from our friends at
PopEater.com.
o. Michael Brea, a 31-year-old
actor seen on 'Ugly Betty' and the
movie 'Step Up: 3D,' has been
arrested after he allegedly stabbed
his mother to death with a samurai
sword in the Brooklyn
neighborhood of Prospect Heights
Tuesday morning.
o.'Gossip Girl' actress Taylor
Momsen has been suspended from
the show indefinitely because of
her "off-screen antics."
o. Reality star Kim Kardashian
has made it it pretty clear that she
(Verse of the Day)
Submitted at 11/23/2010 2:00:00 AM
enduring grace. We come to God
like so many before us, with God
waiting for us. We come to praise
Enter [the Lord's] gates with him for all he has been, all he is,
thanksgiving and his courts with and all he will be. We come to
dislikes being single. After being praise; give thanks to him and enter and worship. We can do this
linked to everyone from John praise his name. For the Lord is simply because God is faithful,
Mayer to Kanye West, Kim was g o o d a n d h i s l o v e e n d u r e s through all the generations, to
spotted with Halle Berry's ex- forever; his faithfulness continues wait for us to come. My Prayer...
husband, 34-year-old model through all generations. Faithful God, the Almighty Rock
Gabriel Aubry, at Sunday's Los — Psalm 100:4-5(NIV) Thoughts of Israel, the God on whom the
Angeles Lakers game. on Today's Verse... Worship is generations trusted, you alone,
o. Disney princess-turned-wild always about entering - entering LORD, are God. I praise you for
child Miley Cyrus turns 18 today, i n t o g r a c e , e n t e r i n g w i t h your enduring grace and mercy. I
but the 'Hannah Montana' star thanksgiving, entering to share praise you because I want my
plans on celebrating all month. with others, but most of all, heart tuned to your will. I praise
She hosted a star-studded bash in entering into the Lord's presence you, because I want to prepare for
L.A. on Sunday with Demi in a special way. But our entering my longest lifetime, the one in
Moore, Ashton Kutcher, and is not the basis of worship. your presence. I praise you in
'Glee' stars Mark Salling and Instead, worship is about the Jesus' name. Amen.
Chord Overstreet in attendance. Lord's faithfulness, goodness, and
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Josh Hamilton Wins 2010 AL MVP Award

Marc Lancaster (FanHouse Cano for the honor. majors in batting average (.359),
Main) Hamilton received 22 of the 28 slugging percentage (.633) and
Submitted at 11/23/2010 12:01:00 PM first-place votes and 358 total OPS (1.044) and was second in
points. Cabrera of the Tigers was the AL to Cabrera with a .411 on-
Filed under: Rangers, MLB second with 262 points and five base percentage -- he did miss
Awards Rangers outfielder Josh first-place votes, while the nearly a month late in the season
Hamilton was named the 2010 Yankees' Cano came in third at with a rib injury.
American League MVP Tuesday 229 points.
in voting by the Baseball Writers' The AL MVP race wasn't quite as one first-place vote. Despite
Association of America, beating clear-cut as the one in the NL, Hamilton's overwhelming edge in
out Miguel Cabrera and Robinson where Joey Votto snared all but most of the rate stats -- he led the
E-reader News Edition
Annual "Trouble in Toyland" report warns of lead,
pthalates, choking hazards
Consumer Reports on Safety
(Consumer Reports)
Submitted at 11/23/2010 11:14:41 AM
Annual "Trouble in Toyland"
report warns of lead, pthalates,
choking hazards
Just in time for the holiday
shopping season, the U.S. Public
Interest Research Group (PIRG)
released its annual toy safety
survey today. This year’s report
focuses on toxic chemicals in toys
and choking hazards.
U.S.PIRG researchers went to
national chain discount stores and
other retailers in September and
October 2010 to identify
potentially dangerous toys. They
analyzed CPSC recall notices and
other regulatory actions to
identify trends in toy safety.
Examples of unsafe toys were
easily found on store shelves.
They purchased 98 toys and
pieces of children’s jewelry from
major retailers and dollar stores.
Screening tests for the presence of
lead and other metals and
phthalates were performed. Their
findings include:
Lead and other toxic chemicals.
There is no “safe” level of lead
exposure for children, and yet it
continues to show up in many
children’s products: toys, stuffed
animals, jewelry, trinkets. Lead-
tainted children’s products
shouldn’t be on store shelves but
they are so be aware. Read our
steps to lower
Phthalates. The potential health
effects of exposure to phthalates
(a group of compounds used as
plasticizers and as ingredients in
some pliable plastics, some
perfumes and personal care
products) have been documented
for everything from reproductive
defects and premature delivery to
early onset puberty and lower
sperm counts. U.S.PIRG
researchers found two children’s
products that contain phthalates: a
baby doll and a Dora the Explorer
backpack.
Choking hazards. Some good
news here: overall, manufacturers
and toy retailers are doing a good
job of marketing and labeling
small balls, balloons, small toys
and toys with small parts, with the
required choke hazard warning.
But choking continues to be the
leading cause of death related to
toys and some toys may not meet
CPSC requirements. Small parts
are banned in toys for children
under three and labeling is
required for toys with small parts
made for children between the
ages of three and six. PIRG
researchers, however, still found
toys for children under three with
Products/ Gaming/ 61
In 2009, there were an estimated
186,000 emergency room-treated
injuries related to toys with Double Fine reveals
children younger than 15, which
is up from 152,000 injuries in puzzle adventure Stacking
2005. for spring of 2011
Unfortunately for consumers, Justin McElroy (Joystiq)
small parts and toys with small there is no comprehensive list of
Submitted at 11/23/2010 3:03:00 PM
parts for children under six potentially hazardous toys. But
without the required choking there are things you can do, It seems you can't spit without
hazard warning. including the following: hitting a digitally distributed
A specific danger to watch out • Before heading out to shop, puzzle adventure about Russian
for: toys shaped like corks or with check if any of the toys on your nesting dolls these days, and now
spherical, hemispherical, or list have been recalled. Double Fine is adding to the pile
circular flared ends and attached • In the store, examine toys with its next release. The just-
to a shaft, like the toy nails that carefully for any potential dangers revealed Stacking is slated to
caused two suffocation deaths, before purchasing. arrive in spring of next year on
could pose particular hazards. • Visit the U.S.PIRG website for XBLA and PSN.
Also, keep all balloons away from toy shopping tips and a mobile The game, set in the 1930s, lets
children. Read our six tips to phone app . Charlie Blackmore (the world's
avoid a choking accident. • Check out CPSC's top three toy- smallest Russian nesting doll) slip
According to CPSC's just- shopping tips. into the husks of other local
released annual report ( pdf • Report unsafe toys or toy- matryoshkas and use their abilities
download), there were 44 toy related injuries. to solve puzzles in the world.
recalls in fiscal year 2010—down Details are scant, but you can get
from 50 in 2009 and 172 in 2008. —Desiree Ferenczi Subscribe a taste of Charlie's world in the
Toy-related deaths also decreased now! debut trailer just after the break.
in 2009 to 12 deaths (from 24 in S u b s c r i b e t o Continue reading Double Fine
2007 and 2008). Riding toys were ConsumerReports.org for expert reveals puzzle adventure Stacking
associated with almost 60 percent Ratings, buying advice and for spring of 2011
of the reported deaths in 2009: 3 r e l i a b i l i t y o n h u n d r e d s o f Double Fine reveals puzzle
with tricycles, 2 with powered products. Update your feed adventure Stacking for spring of
r i d i n g t o y s , a n d 2 w i t h preferences 2011 originally appeared on
nonmotorized riding toys or Joystiq on Tue, 23 Nov 2010
unspecified riding toys. While 15:03:00 EST. Please see our
recalls and deaths have declined, terms for use of feeds.
toy-related injuries are increasing. Permalink| Email this| Comments
62 Products/ Gaming/ E-reader News Edition

NHTSA crash tests pickup trucks under the new,

more rigorous ratings system
Consumer Reports Shopping performance. AWD 4 5 4 4 GMC Sierra 1500
Blog (Consumer Reports) Other models in this batch Crew Cab Hybrid AWD 4 5 4 4 Golden Sun: Dark Dawn's
Submitted at 11/23/2010 11:19:55 AM include the GMC Yukon Hybrid, GMC Sierra 1500 Extended Cab 4 Hiroyuki Takahashi on
Honda CR-Z, Kia Soul, Mazda3, 5 4 4 GMC Sierra 1500 Extended
NHTSA crash tests pickup trucks and the latest Hyundai Sonata, Cab AWD 4 5 4 4 GMC Sierra the new game, hoaxes and
under the new, more rigorous which had mid-year updates. Not 1500 Regular Cab 4 5 4 4 GMC 3DS
ratings system all tests were complete as noted in Sierra 1500 Regular Cab AWD 4 JC Fletcher (Joystiq)
The National Highway Traffic the chart below, but so far the 5 4 4 GMC Yukon Hybrid 5 N/A
Submitted at 11/23/2010 3:20:00 PM
Safety Administration (NHTSA) highest-scoring vehicle overall in 3 N/A GMC Yukon Hybrid 4WD
has recently tested pickup trucks these new tests is the Honda groups in our previous blogs). 5 N/A 3 N/A Honda CR-Z 3 3 5 3 It has been seven years since the
and several other models under Accord--the only vehicle to earn Make and model Overall frontal Hyundai Sonata (Built on or after last Golden Sun game, the GBA's
the new 5-Star Safety Ratings five stars in all crash categories. crash rating Overall side crash Sept. 7th) N/A 5 5 N/A Kia Soul Golden Sun: The Lost Age. Now,
system to assess crash worthiness. Previously, nearly all models rating Rollover rating Overall 4 5 4 4 Mazda3 4-door 5 2 4 4 after that long wait, Camelot
The results are mixed, proving the received five stars in the tested vehicle score Chevrolet Silverado Mazda3 5-door 5 2 4 4 Toyota Software Planning has put aside
more stringent methods have categories and didn’t have an 1500 Crew Cab 4 5 4 4 4 5 4 4 Tacoma Crew Cab RWD 3 5 4 4 Mario-flavored sports games (and
ended the days of easy 5-Star overall rating, making it difficult Chevrolet Silverado 1500 Crew Toyota Tacoma Crew Cab AWD Capcom's We Love Golf) to
ratings. for consumers to determine the Cab AWD 4 5 4 4 Chevrolet 3 5 4 4 produce a new entry in the
The latest and third round of tests better performers. Under the new, Silverado 1500 Crew Cab Hybrid For a full list of the vehicles revered RPG series, Golden Sun:
include 2011 versions of the more rigorous ratings system, not AWD 4 5 4 4 4 5 4 4 Chevrolet evaluated and further details on Dark Dawn, available next week
Chevrolet Silverado, Dodge Ram, all vehicles will earn the highest Silverado 1500 Extended Cab t h e program, see on DS. We spoke with Hiroyuki
GMC Sierra, and Toyota Tacoma. score even if they had been at that AWD 4 5 4 4 Chevrolet Silverado w w w . s a f e r c a r . g o v . Takahashi, one of the two
The Silverado and similar Sierra level before. It is important to 1500 Regular Cab 4 5 4 4 Learn about car safety in our Takahashi brothers responsible
models score the best out of the note that, despite the temptation to Chevrolet Silverado 1500 Regular special section. for creating the series, and
group with an overall vehicle do so, 2011 results cannot be Cab AWD 4 5 4 4 Dodge Ram — Liza Barth Subscribe now! Nintendo assistant producer Yuya
score of four stars and with front compared against those from 2010 1500 Crew Cab 2 5 4 3 Dodge S u b s c r i b e t o Sato about the new game and
and rollover crash tests earning model years and prior due to the Ram 1500 Crew Cab 4WD 2 5 3 3 ConsumerReports.org for expert about bringing a seemingly lost
four stars and five stars for the changes in methodology and Dodge Ram 1500 Quad Cab 2 5 4 Ratings, buying advice and series back to life.
side crash rating. The Toyota calculation. For this first year of 3 Dodge Ram 1500 Quad Cab r e l i a b i l i t y o n h u n d r e d s o f Continue reading Golden Sun:
Tacoma also received four stars the new ratings, NHTSA will rate 4WD 2 5 3 3 Dodge Ram 1500 products. Update your feed Dark Dawn's Hiroyuki Takahashi
overall, but a three for the front 24 passenger cars, 20 SUVs, two Regular Cab 2 5 4 3 Dodge Ram preferences on the new game, hoaxes and 3DS
crash rating. The Doge Ram vans, and nine pickups. Below is a 1500 Regular Cab 4WD 2 5 3 3 Golden Sun: Dark Dawn's
scored three stars overall rating list of the latest group tested (see GMC Sierra 1500 Crew Cab 4 5 4 Hiroyuki Takahashi on the new
only a two for frontal crash the list of the first and second 4 GMC Sierra 1500 Crew Cab game, hoaxes and 3DS originally
appeared on Joystiq on Tue, 23
Nov 2010 15:20:00 EST. Please
see our terms for use of feeds.
Permalink| Email this| Comments
E-reader News Edition
180s Adjustable Ear Warmers 2-Pack
(Woot! - One Day, One Deal)
Submitted at 11/23/2010 12:00:17 AM
At Last
Man, are you Lobot cosplayers
going to be happy today!
How many times have you gone
up to the stage, only to see that
first prize go to some chick in a
cat suit that shows off her belly?
And when you ask a judge to
justify their vote, it’s always the
same thing. “Sorry, my friend,
but those earmuffs looked too
fake.” And then all you have left
are the three T’s of nerd failure:
tears, tequila and chicken tenders.
But after today, you’ll be having
celebration chicken! Because two
pairs of 180s Behind-the-Head
Ear Warmers are going to WIN
you that cosplay award! With a
comfortable innovative Behind-
The-Head design, the 180s
Behind-the-Head Ear Warmers
use the adjustable frame to allow
for earrings, glasses, baseball caps
and bald wigs, just like the kind
actor John Hollis wore! At least,
he might have worn it. Oh, he
really went bald? Wow, that’s
dedication. Or genetics.
Sometimes it’s hard to tell.
Anyway, that’s not the point
we’re trying to make. The point
we’re trying to make is that with
a two pack of 180s Behind-the-
Head Ear Warmers and a few
flashing lights, you’re going to
have that Lobot cosplay award
locked down. And you’ll be warm
while doing it! But, um… just in
case… maybe you should do a
few sit-ups? No, that’s not a slam
or anything, we’re just saying… if
you can pull off a belly-shirt,
Sexy Lobot is probably going to
swing a few more votes your way.
Warranty: 90 Day Woot Limited
Warranty
Condition: New
Size: One Size Fits Most
Features:
• Patented behind-the-head
design fits comfortably over your
ears
• Features an adjustable internal
frame that allows the ear warmers
to expand and contract to fit
varying head sizes
• Offers superior thermal
insulation, breathability and
moisture wicking to keep you
warm and dry
• Ear warmers can be worn
comfortably with earrings,
glasses, hats, helmets and
baseball caps
• Includes removable, machine
washable polyester shell
• Collapsible for easy storage
• Hand wash, air dry, and do not
Products/ Gaming/ 63
Longtime Disney games
bleach ear warmers
How to Use:
boss Graham Hopper
• Hold the ear warmers by the ear
pieces hops off
• S t r e t c h t h e a d j u s t a b l e , James Ransom-Wiley (Joystiq)
“clicking” frame Submitted at 11/23/2010 2:29:00 PM
• Place the ear warmers behind
the back of your head and squeeze Graham Hopper, the longtime
the frame to your desired fit head of Disney Interactive
• Enjoy warm ears Studios, won't be sticking around
long enough to witness the lasting
Additional Photos: impact of next week's Epic
• Ear Warmers in Collapsed Mickey, which marks the most
Position important release of his eight-year
• Package Contents: (2) Ear stint with the games group.
Warmers & (2) Removable Shells Hopper's departure from Disney
was announced in a company
Product Specifications: memo yesterday and follows a Black Rock Studio's Pure and
• Shell: 100% Polyester dismal fiscal year for the Split/Second racing games. Of
• Outer shell: 50% Polyester, Interactive Media division, whose course, with Playdom exec John
45% Tactel, 5% Lycra president resigned two months Pleasants now running the show,
• Lining: 100% Polyester ago, ushering in the new era of there are going to be some
• Insulation: 100% Polyester "Jack and Jim." changes around Disney's games
• Binding: 90% Nylon, 10% According to the Los Angeles department -- no matter how epic
Spandex Times, Hopper said in an internal Mickey's adventure proves to be
email, "The time has come for me at retail.
In the box: to move on from the company and [Pictured: Hopper (with Epic
• (2) Black 180s Adjustable set my sights on new horizons." Mickey ears); original photo
Behind-the-Head Ear Warmers Hopper joined Disney in 1991 credit: Disney Interactive Studios]
• (2) Black Removable Polyester before being appointed head of Longtime Disney games boss
Shells the games group in 2002. He was Graham Hopper hops off
instrumental in the 2007 originally appeared on Joystiq on
Discuss this product acquisition of Warren Spector's Tue, 23 Nov 2010 14:29:00 EST.
Price: $4.99 I want one! Junction Point Studios, the Please see our terms for use of
developer of Epic Mickey, in feeds.
addition to Disney Interactive Permalink| Email this| Comments
Studios' general foray into non-
Disney-brand titles, including
64 Products/ Gaming/
Black Friday deal: Navigon
MobileNavigator navigation app for
Android, iPhone
Consumer Reports Shopping
Blog (Consumer Reports)
Submitted at 11/23/2010 11:29:03 AM
Black Friday deal: Navigon
MobileNavigator navigation app
for Android, iPhone
Navigon has moved out of the
portable navigation device (PND)
market to focus on smart-phone
navigation apps, but it isn't giving
up on the Black Friday tradition.
Navigon is discounting its well-
rated MobileNavigator app up to
40 percent. (Read: " Faceoff: GPS
navigator vs. cell-phone
navigation.")
The bargain is the MyRegion
version. Rather than purchase full
North America coverage, you can
buy a third of the United States,
broken into East, Central, and
West. If you don't stray too far
from home, this full-featured
version will be just $19.99 for the
iPhone on Friday--discounted
from $29.99. There is not an
equivalent version for Android.
MobileNavigator iPhone USA
will be $39.99, instead of $49.99.
The North America version
remains $59.99.
Navigon is discounting
MobileNavigator Android USA
from $59.99 to $39.99 for this
promotion.
We have found that
MobileNavigator for iPhone
faithfully reproduces the core
capabilities found in a dedicated
nav device, and it integrates well
with the phone.
The current version includes
spoken street names, reality view,
lane assistance, speed warning,
weather information, day/night
modes, and pedestrian mode.
Traffic information can be added
via an in-app purchase for $19.99.
For smart-phone owners looking
for an all-in-one solution, the
Navigon MobileNavigator is a
smart choice, though there are
other, capable apps from other
established navigation companies,
as well.
E-reader News Edition
Check our smart-phone
navigation ratings, and see our
iPhone app reviews.
— Jeff Bartlett
Related:
Staff GPS navigation picks for
Black Friday 2010
Best GPS deals for 2010 Black
Friday--Your guide to door
busters
Countdown to Black Friday
2010: The Best GPS deals for
early shoppers Next Steps
You will not be taken for
• GPS Buying Advice:
• Types of GPS|
• GPS Features|
a ride by a Marvel vs.
• GPS Brands
Capcom 3 demo
All GPS Ratings Subscribers can Griffin McElroy (Joystiq) sell downloadable characters,
view and compare all GPS Submitted at 11/23/2010 2:00:00 PM stating "DLC is part of the
Ratings. Recommended GPS business model these days given
Look at the ones that we chose as We're pretty sure if we were the massive costs of production
the best of the best. Subscribe given only a handful of characters and can be the difference between
now! and stages from Marvel vs. a profitable product and an
S u b s c r i b e t o Capcom 3: Fate of Two Worlds in unprofitable product." Oh, wait --
ConsumerReports.org for expert a free trial, we could stretch out that's gotta be another hint, right?
Ratings, buying advice and our enjoyment of it for an awfully An unprofitable product? That's
reliability on hundreds of long time. We won't get the like, pretty much confirmation of
products. Update your feed opportunity, however: In a recent the inclusion of Dark Void
preferences post on the Capcom Unity forums, protagonist William Grey.
V P o f S t r a t e g i c P l a n n i n g You will not be taken for a ride
Christian Svensson confirmed to by a Marvel vs. Capcom 3 demo
anticipatory fans that, "As with originally appeared on Joystiq on
Street Fighter IV, there will be no Tue, 23 Nov 2010 14:00:00 EST.
demo of MvC3." Please see our terms for use of
Svensson also responded to a few feeds.
fans theories about yet-to-be- Permalink| Email this| Comments
revealed fighters, and also
defended Capcom's decision to
E-reader News Edition Sports/ 65

Texas Rangers outfielder Josh Hamilton wins American League

MVP award
Richard Durrett (ESPN.com) the New York Yankees was third minimum of a .359 average, 40 .815 slugging percentage and a from second on an infield single
Submitted at 11/23/2010 2:24:41 PM at 229 and Jose Bautista of doubles, 30 home runs and 100 .482 on-base percentage, all of in the eighth inning to tie the
Toronto fourth with 165. Bautista RBIs since Lou Gehrig in 1934. which led the majors for the score after Texas had fallen
Updated: November 23, 2010, also picked up a first-place vote. And he wins the MVP despite month. He hit nine home runs, behind 8-2.
3:24 PM ET By Richard Durrett Chicago's Paul Konerko was fifth missing most of the final month of which led the AL. "Shortstop went to his left, Josh
ESPNDallas.com with 130 points. the regular season with two It was a critical month for the didn't stop and he beat the throw
Archive Hamilton, Cabrera, Cano and fractured ribs. Rangers, who went 21-6 to take by 15 feet," Rangers pitcher C.J.
Texas Rangers outfielder Josh Bautista were named on every Hamilton was asked what he the AL West lead, which they Wilson said after the game. "It
H a m i l t o n w a s n a m e d t h e ballot. A total of 20 players thought the MVP award meant. didn't relinquish the rest of the wasn't even close. MVP moment."
American League Most Valuable received votes. "Hopefully, Most Valuable Player season. Hamilton ended up winning
P l a y e r o n T u e s d a y b y t h e "It's an absolutely great honor," is somebody who excels More on the Rangers MVP honors for his play in the
Baseball Writers' Association of Hamilton said on a conference obviously at their position, with Richard Durrett and the rest of ALCS. The BBWAA MVP is
America, becoming the franchise's call Tuesday. "There's a lot of the bat, but has done things each the ESPNDallas.com team have voted on before postseason play
fifth player to receive the honor. players in the league [qualified] to night, whatever that might be, that the inside scoop on the Rangers, begins, but the six-game series
AL MVP Voting get this accomplishment -- this helps their team win," he said. "I the American League and Major showed how valuable he is to the
Josh Hamilton collected 22 of 28 award speaks volume. To be think I did that the majority of the League Baseball. Blog Rangers. Hamilton hit .350 with
possible first-place votes to voted on by the writers I really season I helped us get somewhere Hamilton hit .384 after the All- four homers in the series and was
collect his first American League appreciate that. It's awesome, but we've never been before as a Star break, helping put the intentionally walked five times.
MVP. at the same time I told some you Rangers organization. I have to Rangers in position to make their His mere presence altered the
• ESPN Dallas: He did it all of you guys earlier in the year, if I give thanks to all my teammates first playoff appearance since clinching Game 6 as he was
Player could give up the MVP to go into for helping me as much as I 1999. But it wasn't just his play at walked intentionally late in the
Pts. 1st Pl. the payoffs and win in the helped them." the plate that made him an MVP game by the Yankees so they
Votes Josh Hamilton, Tex. 358 playoffs I would definitley do Hamilton was a critical clutch in 2010. Hamilton was a solid could pitch to Guerrero, who
22 Miguel Cabrera, Det. 262 5 that. To do both, I just thank God hitter for the Rangers, batting .370 defender, playing left and center made them pay with a big two-run
Robinson Cano, NYY 229 0 Jose for that." with two outs in 2010 -- highest in during the season. His speed double that broke open a tie game.
Bautista, Tor. 165 1 Hamilton helped the Rangers win the majors. He hit .369 with allowed him to run down balls Hamilton was acquired by the
Hamilton is the first Rangers the AL West for the first time in runners in scoring position, and he made plenty of highlight- Rangers on Dec. 21, 2007 for
player to win the award since 11 years and was the MVP of the leading the AL. reel plays, diving for balls and right-handed pitcher Edinson
Alex Rodriguez in 2003, and he ALCS. Hamilton did all of it despite a scaling walls. He stole eight Volquez and left-handed pitcher
also joins former Rangers winners "We don't do what we did this slow start to the season, when he bases, but also didn't hesitate to Danny Ray Herrera. Hamilton has
Jeff Burroughs (1974), Juan year without him," Rangers batted just .205 in the first 13 stretch out singles for doubles and made two all-Star appearances as
Gonzalez(1996 and 1998) and president Nolan Ryan said. games of April. Hamilton's was aggressive about getting a member of the Rangers and has
Pudge Rodriguez (1999). Hamilton, 29, led the majors with average was up to .281 through himself into scoring position. hit at least 30 homers and driven
Hamilton was first on 22 of 28 a .359 batting average and a .633 the end of May. Hamilton's signature game of in 100 runs in two of his three
ballots cast for the award. He was slugging percentage. He was also But June was what really got the 2010 came on Aug. 13 against the seasons.
second on four ballots and fourth in the top six among AL leaders season going for him. He Red Sox. He showed off all of his Richard Durrett covers the
on two others for a total of 358 in on-base percentage (.411, eliminated his toe tap at the tools, almost singlehandedly Rangers for ESPNDallas.com.
points. second), total bases (328, fourth), beginning of the month, and that leading the Rangers to a come- You can follow him on Twitter.
Miguel Cabrera of the Detroit hits (186, T-sixth), multihit games coincided with more comfort and from-behind victory. Hamilton This entry passed through the
Tigers finished second in the (53, T-fifth), extra-base hits (75, confidence at the plate. Hamilton was 4-for-5 with a double and a Full-Text RSS service — if this is
voting with five first-place votes fifth) and home runs (32, T-fifth). hit .454 for the month with 31 homer. He scored four runs, none TEXAS page 66
and 262 points. Robinson Cano of He was the first AL player with a RBIs, 49 hits, 88 total bases, a more memorable than his scamper
66 Sports/ E-reader News Edition
TEXAS
Reports: Victor Martinez leaves Boston Red Sox for continued from page 65

your content and you're reading it

Detroit Tigers on someone else's site, please read
our FAQ page at fivefilters.org/
ESPNBoston.com (ESPN.com) Red Sox had not been informed of above slot in later rounds for bill as maybe an everyday catcher content-only/faq.php
Submitted at 11/23/2010 12:46:45 PM Martinez's decision, but the team premium talent that dropped with us," Francona said of Five Filters featured article:
was not surprised to hear that he because of contract demands. Saltalamacchia, while adding that Beyond Hiroshima - The Non-
Updated: November 23, 2010, would play elsewhere. With the collective bargaining they aren't just handing him the Reporting of Falluja's Cancer
1:46 PM ET The Orioles and White Sox were agreement due to expire next job. Catastrophe.
F r e e - a g e n t c a t c h e r V i c t o r also outbid, according to the El November, the draft is expected to The Tigers lacked production
Martinez is bolting the Boston Nacional report. undergo extensive revisions as from the catcher's spot last season.
Red Sox to sign with the Detroit "When guys get to free agency, part of negotiations. Rookie Alex Aliva, 23, batted
Tigers, according to multiple there are a lot of decisions that The switch-hitting Martinez was .228 in 104 games, while 30-year-
media reports on Tuesday. have to be made," Red Sox extremely productive for the Red old Gerald Laird hit just .207 in
Two weeks ago, Red Sox general manager Terry Francona said on Sox since his acquisition from 89 games. Udonis Haslem's
manager Theo Epstein expressed the "Dale and Holley" program on
his strong interest in re-signing Boston sports radio station WEEI.
Cleveland at the 2009 trading Earlier this offseason, Detroit re- season might be
deadline. Martinez, who turns 32 signed third baseman Brandon
Martinez and third baseman "One is by the player, one is by on Dec. 23, batted .313 in 183 Inge and shortstop Jhonny Peralta over for Miami Heat
A d r i a n B e l t r e . B u t h e the organization and one is by games with the Red Sox, with 28 and signed reliever Joaquin Associated Press (ESPN.com)
acknowledged competition for the other teams. Sometimes it doesn't home runs and 120 RBIs. Last Benoit.
Submitted at 11/23/2010 2:26:53 PM
players. Edes: What it means for work out where a guy comes season, he was the only big- Detroit finished 81-81 in 2010,
Red Sox back, but that doesn't mean we're league catcher in the majors to hit which was good for third place in Updated: November 23, 2010,
Losing Victor Martinez could not going to be any good. I feel .300 or better while hitting 20 or the AL Central. 3:26 PM ET
mean the beginning of the Jarrod real confident. The winter has to more home runs, despite missing Information from MIAMI -- Heat forward Udonis
Saltalamacchia era in Boston. play itself out, it's just beginning 22 games with a fractured left ESPNBoston.com's Gordon Edes Haslem may miss the remainder
Story and it will be really interesting." thumb. He was dominating and The Associated Press of the regular season after having
"It always comes down to dollars Martinez is a Type-A free agent, against left-handed pitchers, contributed to this report. Ignacio surgery to repair a torn ligament
and years," Epstein said. meaning the Red Sox will receive batting .400, slugging .742 and Serrano is a regular contributor to in his left foot, and free agent
Martinez will receive a four-year compensation for his signing posting a 1.173 OPS ESPNdeportes.com. Erick Dampier has been signed to
deal for $50 million, according to elsewhere -- assuming they offer Martinez is a lifetime .300 hitter, This entry passed through the help fill the void that creates.
Venezuelan reporter Ignacio him arbitration. The Red Sox will a four-time All-Star and also Full-Text RSS service — if this is Haslem had surgery Tuesday, the
Serrano of El Nacional, who first receive the Tigers' No. 1 pick (No. plays first base. your content and you're reading it same day Dampier took a physical
reported the agreement. The 19 overall) and a first-round Jarrod Saltalamacchia, who was on someone else's site, please read with the Heat -- the last hurdle
Associated Press reported that the "sandwich" pick, a selection that acquired from the Rangers last our FAQ page at fivefilters.org/ before a contract could be signed.
deal is pending the results of a will come after the regular first season, becomes No. 1 on the content-only/faq.php Dampier practiced with the Heat
physical. Martinez made $7.7 round and before the second depth chart at catcher for the Red Five Filters featured article: that afternoon.
million last season. round. Sox. The team has until midnight Beyond Hiroshima - The Non- Haslem ruptured the Lisfranc
The Red Sox offered Martinez a The 2011 draft class is Tuesday night to offer arbitration Reporting of Falluja's Cancer ligament in his foot, which
choice of a three-year, $36 million anticipated to be very strong, and to longtime catcher Jason Varitek. Catastrophe. connects arch bones to the ones
deal or a four-year contract for it may be the last in which the Sox "A switch hitter with power, I leading to his toes. His recovery
$42 million, according to a major will be able to employ their very think we view him potentially as could take more than four months.
league source. The source said the successful strategy of paying somebody that can really fit he The Heat may consider applying
for an injury exception if the

UDONIS page 67
E-reader News Edition
UDONIS
continued from page 66
determination is that Haslem's
season is over.
Dampier worked out in
September for Miami, which
decided at that time not to offer
him a contract.
To make room for Dampier, the
Heat waived guard Jerry
Stackhouse, whose contract was
not guaranteed.
At 8-6, the Heat entered Tuesday
tied for the fourth-best record in
the Eastern Conference and the
10th-best mark in the NBA -- not
exactly what a team filled with
superstars wanted.
And the words Heat president Pat
Riley once famously said -- "No
rebounds, no rings" -- are
resonating again, especially after
an embarrassing home loss to
Indiana on Monday night.
Since the moment Haslem was
carried off in Memphis with his
foot injury, Heat opponents have
outrebounded Miami 64-44,
including 20-7 on the offensive
glass and while holding a 27-10
edge in second-chance points.
LeBron James(5.4 per game) and
Chris Bosh(7.2 per game) are on
pace for career-lows in
rebounding.
Take away Haslem, and the Heat
don't have anyone ranked among
the NBA's top 37 rebounders this
season.
Those numbers aren't the only red
flags, either. Miami ranks last in
the league with 33 points in the
paint per game, and Dwyane
Wade had the worst shooting
night of his career in the loss to
Indiana -- 1 for 13 from the field,
1 for 5 from the foul line, a three-
point performance.
So for some help, at least in the
big-man realm, the Heat are
turning to a veteran in Dampier
who's had interest from Charlotte,
Phoenix, Houston, Toronto,
Portland and Miami in the past
two months alone, yet hasn't been
on the court for anyone this
season.
For weeks, Dampier had been
saying he wanted to be in Miami,
and ultimately got that wish. He
worked out for Riley and Heat
coach Erik Spoelstra in
September, but was not offered a
contract. When Haslem got hurt,
it didn't take long for Dampier to
reclaim his spot on Miami's radar
screen.
Dampier showed flashes last
season with Dallas -- 14 points
and 20 rebounds against Houston,
14 points and 18 rebounds against
Charlotte, and maybe most
notably, a 20-point, 17-rebound
effort in Miami last Dec. 11.
But in his last 20 games last
season, 12 as a starter, he
averaged 3.0 points and 4.9
rebounds, never scoring more
than nine points and scoring more
than five only twice. Dallas traded
him in July to Charlotte, which
wiped out the voidable $13
million final season of his deal in
a salary-cap move.
The 36-year-old Stackhouse
scored 12 points in seven games
for Miami, on 3 for 12 shooting.
He was in the Heat starting lineup
on Saturday in Memphis, a fill-in
for Dwyane Wade, who sat that
game out with a sprained left
wrist.
Copyright 2010 by The
Associated Press
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George H.W. Bush: I
Support Romney in 2012
(Newsmax - Inside Cover)
Submitted at 11/23/2010 6:12:43 AM
Tuesday, 23 Nov 2010 12:12 PM
Ex-Massachusetts Gov. Mitt
Romney, who is almost certain to
run for president next year, has an
important ally. Former President
George H.W. Bush favors him as
the GOP's 2012 presidential
nominee, The Hill reports.
Bush explained his views in an
interview with CNN's Larry King
Monday night. Asked who he
likes best of the 2012 contenders,
Bush said, "Well, I mentioned
[my son] Jeb, but he’s not going
to try. If you asked me, who will
the nominee be, I couldn't tell
you. We like Mitt Romney. We
know him well and like him very
much."
Showing his trademark humility,
the elder Bush said, "Don't want
Politics/ 67
to kill him off," when King asked
if his support of Romney is
"keeping with the Bush political
stance [in] the middle of the
road." Romney is a "reasonable
guy" and "conservative fellow,"
Bush says.
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68 Politics/ Health/ E-reader News Edition

Barbara Bush Reminds Sarah Palin It's My Party

Too
Eleanor Clift (Politics Daily)
Submitted at 11/23/2010 2:11:00 PM
worth noting that she is the
matriarch of a family with two
presidents in its direct lineage,
questioning his opponent's
patriotism, or when her son,
George W., unleashed a barrage
War Two, Bush was reduced to
chowing down pork rinds on the
campaign trail to prove he had the
2010
Contributor The country loved only the second in history, and a
First Lady Barbara Bush with her third waiting in the wings. What
of sleazy character attacks to
destroy John McCain in South
common touch. Identifying with
what today could be called Palin
Holiday
coif of white hair, full figure, and seemed unthinkable a year ago
sensible clothes. After Nancy after the George W. fiasco that the
Reagan and her size two designer country could accept another
Carolina in 2000. Then there is
the bigger frame of longstanding
tension between the George H.W.
America is not something that
comes naturally to the elder
Bushes, and in her remarks about
Gift Guide
(Mensfitness.com)
dresses, Bush was down-home Bush, the once and future Jeb is wing of the party and GOP Palin, Barbara Bush exposed the
Submitted at 11/23/2010 2:00:00 AM
and nonthreatening. But anybody gaining traction thanks to Palin. conservatives. Barbara Bush, like gulf between traditional, upscale,
who knew the Bushes, or covered The theory is that if the party her husband, is to the manor born country club Republicans and the | Print Article| Email to Friend
them when they were in the White needs a savior, someone to rescue and descended from a long line of meat eating, moose hunting, red Between working all day and
House, understood that Mrs. Bush it from Palin's star-studded Eastern Establishment state America that Palin trying to find time to hangout with
was far from a retiring matron, takeover, someone who can Republicans. In 1980, when represents. We'll see more of that friends, most guys don't have a
t h a t s h e i s s t r o n g - w i l l e d , appeal across the party from Ronald Reagan picked Bush as gulf played out in the positioning few extra hours to cruise the mall
opinionated and the member of Establishmentarians like his his vice president, Bush had to for 2012, but Bush's remarks for holiday gift ideas. That's why
the family most likely to carry a parents to upstarts like tea party disavow his campaign criticism of about Palin remind us that the MF did all the work for you. From
grudge. For those who remember favorite Marco Rubio, who Jeb Reagan's policies as "voodoo surface gentility she exudes the latest fitness and gadget items
her famous smack down of mentored, it's Jeb Bush. economics" and end any further shouldn't be mistaken for to the coolest stocking stuffers
Geraldine Ferraro in 1984 -- "I Even Democrats fear a late entry support for Planned Parenthood. capitulation when it comes to and entertainment releases, we
can't say it but it rhymes with from Bush, figuring that if voters The compromises that Bush had standing up for her family, and searched high and low to bring
rich" -- shouldn't be surprised at can tell the difference between to make to join the Reagan camp her beliefs. you the ultimate holiday gift
how deftly she slipped in a major Bill and Hillary Clinton they can prompted commentary that he had This entry passed through the guide. You can even buy it all at
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aired on Monday evening. figures. In this context, Barbara (he once asked for a "splash on someone else's site, please read stores. Consider it our gift to you.
"I sat next to her once. Thought Bush's remark can be read as an more" of coffee at a truck stop in our FAQ page at fivefilters.org/ Choose from the categories
she was beautiful," Barbara Bush implicit threat -- stay in Alaska, or New Hampshire) he was faced content-only/faq.php below
said. "And she's very happy in face the consequences with Jeb with what Newsweek called "the Five Filters featured article: [on Facebook, Digg, Reddit and
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E-reader News Edition Politics/ Finance/ 69

Poll: Majority of Americans Say Health Care Law

Should Stand or be Expanded
Bruce Drake (Politics Daily) like to see this provision repealed
Submitted at 11/23/2010 1:25:00 PM is 50 percent -- lower than the
number of those who favor
Contributing Editor Fifty-one repealing the entire law -- while
percent of registered voters say 49 percent of Republicans want to
that Congress should let the new see this part of the law retained. How Your View of Client
health care reform law continue as However, one major provision of Eastwood Can Help You
is or change it so that it does the law is universally panned --
more, according to a McClatchy/ the requirement that all
Pick the Right
Marist Institute poll conducted Americans be required to obtain Investments
Nov. 11-15. Thirty-three percent health insurance or face tax nospam@example.com
want to repeal it completely, 11 penalties for not doing so. (Quizzle.com) (Financiallyfit on
percent want it changed so that it Sixty-five percent of all Shine)
is less sweeping and 5 percent are there is a wide gap between public p o l l s . M a n y a n a l y s t s h a v e r e g i s t e r e d v o t e r s s a y t h i s Submitted at 11/23/2010 7:19:07 PM
undecided. o p i n i o n a n d t h e p o l i t i c a l accounted for this by saying that requirement is unconstitutional
Simple, Easy Investing Using an
Among those who support the c o m m u n i t y . " overall opposition to the health compared to 29 percent who
Age-Based Portfolio Strategy
legislation, 16 percent are in the The partisan divide on what to do care reform law has been tied support the mandate, with 7 By: David Young
"let it stand" camp while 35 about the law is not surprising. closely in voters' minds to their percent undecided. Republicans Everything changes as you get
percent believe it should be Fifty-eight percent of Republicans concerns about an overreaching o v e r w h e l m i n g l y r e j e c t t h i s older. And while few of us look
c h a n g e d t o d o m o r e . T h e want to see it repealed and federal government, even though provision and even a plurality of forward to the downsides of aging
R e p u b l i c a n c o n g r e s s i o n a l another 16 percent say it should the law contains measures that D e m o c r a t s s a y i t i s - the joys of belly fat, wrinkles,
leadership included a vow to be scaled back. Fifty-two percent they like. unconstitutional. thinning hair, and so on - one of
repeal health care in its pre- of Democrats want to expand the Such a provision is the part that Follow Poll Watch on Twitter the big upsides of getting older is
election "Pledge to America" and law so it does more and 27 prohibits insurers from denying Visit the Poll Watch Home Page gaining the wisdom and
many GOP candidates ran on a percent believe the current law coverage because of pre-existing and see all the latest polls in one experience you just can’t acquire
p r o m i s e t o w o r k t o w a r d s should be allowed to stand. conditions. Voters overall say that place
any other way.
scrapping what they dubbed Independents are divided -- 48 provision should remain in place This entry passed through the
Your investment portfolio gets
"Obamacare." While GOP leaders percent want to let the law stand by 59 percent to 36 percent, with Full-Text RSS service — if this is older, too. But unlike our
acknowledge that an effort to or expand it, and an equal number 5 percent undecided. Sixty-seven your content and you're reading it waistlines, we actually want our
repeal the law is unlikely to be want to change it so it does less or percent of Democrats say it on someone else's site, please read portfolio to grow over time. And
s u c c e s s f u l g i v e n P r e s i d e n t repeal it, with the remainder should remain in the law, as do 51 our FAQ page at fivefilters.org/ taking an age-based strategy with
Obama's veto power, they have undecided. percent of Republicans and 59 content-only/faq.php
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vowed to chip away at it by trying When voters are asked about percent of independents. Five Filters featured article:
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Marist's Lee Miringoff told keep it or scrap the whole thing, the provision that allows children Catastrophe.
McClatchy, "The political give- t h e r e i s m o r e s u p p o r t a n d to stay on their parents' insurance
and-take is very different than agreement on specific parts. This until they are 26. The percentage
public opinion. On health care, is a finding consistent with other of the Republicans who would
70 Politics/
Boehner, GOP Exploiting Democrats'
Social Media
(Newsmax - Inside Cover)
Submitted at 11/23/2010 7:53:33 AM
Tuesday, 23 Nov 2010 01:53 PM
House Speaker-to-be John
Boehner on Monday joined
Visible Vote, a social media
application designed to promote
instantaneous communication
between voters and their elected
representatives, the National
Journal reports. It’s already been a
big hit with Minority Whip Eric
Cantor, R-Va., who is one of
several early adopters of the
technology.
The only problem is that the
technology was subsidized by one
of President Obama’s posse of
techno-literati, his friend friend
and former campaign finance
chair Penny Pritzker, an heir to
the Hyatt hotel fortune.
The irony is furthered by the fact
that it’s one of only several
examples of the GOP seizing on
technology developed by
Democrats, who in 2008 appeared
to be at the cutting edge of digital
media used by politicians.
“We didn’t understand that the
adoption was happening pretty
much on the right at first, so that
was kind of a coincidence, I
guess,” said Paul Everton, founder
and CEO of Visible Vote. “Now
that everybody realizes how
important transparency and
accountability is… I think we’re
going to see a pickup from both.
We’re getting a lot of interest
from the left now.”
So far, the biggest name on the
slim list of Democratic
participants is Rep. Charles
Rangel, D-N.Y., currently facing
censure by the House for not
being transparent enough about
his personal finances.
Everton told the Journal that the
application is a nonpartisan tool
aimed at improving
communication between elected
officials and their constituents --
something he had to consider
when negotiating with Jason
Pritzker, an Obama donor.
“I was aware of his background,”
Everton said, “and one of the
stipulations that went into him
investing was that the integrity of
this and the nonpartisan nature of
the actual application had to be
maintained throughout. So it
actually was part of our
negotiations, and he was fine with
that.”
© Newsmax. All rights reserved.
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E-reader News Edition
West: TSA Procedures
Show Terrorists Won
(Newsmax - Inside Cover)
Submitted at 11/23/2010 6:46:30 AM
Tuesday, 23 Nov 2010 12:46 PM
Many Republican officials have
voiced their opposition to the new
air passenger screening methods
adopted by the Transportation
Security Administration. You can
add GOP Rep.-elect Allen West
of Florida to the list. The new
body scanner and pat-down
procedures show we’re giving in West favors profiling likely
to the terrorists, he says, terrorists at airports instead.
according to The Hill, which cites © Newsmax. All rights reserved.
the South Florida Sun Sentinel. This entry passed through the
“There are two aspects of Full-Text RSS service — if this is
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killing us. They have still won."
E-reader News Edition Politics/ Politics-Right/ 71

Texas Democrat Ortiz, 28 Corruption: Siphoning Off Growth

Michelle Kaffenberger (The
Years in Office, Loses to Foundry: Conservative Policy
News.)

Republican After Recount Submitted at 11/23/2010 1:00:16 PM

Posted November 23rd, 2010 at
Tom Diemer (Politics Daily) 2:00pm in American Leadership
Submitted at 11/23/2010 12:35:00 PM Print This Post
Stories of corruption in India
Correspondent Texas Democrat have filled the news in recent
Solomon P. Ortiz, who days. First there’s the corrupt
represented a district in the Rio Communications and Information
Grand Valley along the Mexican Technology Minister, whose scam
border for nearly three decades, to pocket money from
has conceded to Republican Blake telecommunications firms may
Farenthold after a recount have topped $37 billion. Then
confirmed the challenger's narrow there were accusations that
margin of victory. politicians, officials, and
Farenthold's triumph upped the contractors had pocketed more
back their loans. If India has any hopes of
GOP's pickup in the House of than 70% of $2.5 billion meant
Corruption also affects education continuing its recent economic
Representatives to 62 seats, and for flood relief in the state of
in India. Twenty-five percent of growth and moving much of its
marked one of bigger upsets of Assam. There are the officials
teachers in India don’t bother population out of poverty, it must
the 2010 midterm election, The arrested for corruption in the
showing up for work, and of those take real steps towards fighting
Hill newspaper reported Tuesday. planning for the Commonwealth
that do show up, only 50% corruption. Otherwise its
The recount gave the race to the Games and there reports that
This entry passed through the businesses over the last six actually teach while they are economic gains will continue to
Republican by 648 votes.
there. Why, one might ask? be siphoned off, and eventually
Farenthold, a political neophyte, Full-Text RSS service — if this is decades have made billions
Because as government will dry up.
had previously worked as host of your content and you're reading it t h r o u g h t a x e v a s i o n a n d
employees, they cannot be fired. This entry passed through the
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teacher for absenteeism. on someone else's site, please read
reelection two years ago by a Five Filters featured article: ongoing, rampant problem, which
Government employees are our FAQ page at fivefilters.org/
comfortable 58 percent. Now, he Beyond Hiroshima - The Non- is holding India back from its
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Catastrophe. having to supply any work, and as Five Filters featured article:
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recent uproar over microcredit in
children, but also of their tax Catastrophe.
India, in which politicians
dollars.
encouraged borrowers not to pay
72 Health/
Check Your Vision
(Mensfitness.com)
Submitted at 11/23/2010 4:00:00 AM
by Roy S. Johnson| Print Article|
Email to Friend
When was the last time you had
your vision checked? I don't mean
an eye exam. If you wear glasses,
like me, you should see your
optometrist or ophthalmologist
every year, especially if you strain
your eyes at work (who doesn't);
or if your early 30s are growing
increasingly distant. That's part of
an overall health strategy that
should ensure your body remains
fit inside and out.
Your vision is altogether
different. It's not what you see
with your eyes. It's what you
"see" for yourself in the future.
It's how you envision your life
unfolding.
And it's just as important as your
eyesight—if not more so. Heck,
Ray Charles had a bold vision for
his life—and he made it happen!
Without a vision, you're
meandering through your days
without direction or purpose.
Without a vision, you're more
likely to be stymied by the road
bumps of each day.
Without a vision, you're just
living. Maybe.
I'm sure you have goals. Almost
everyone does. You might want to
get a raise or a promotion. You
may want to buy a new car or a
home. Maybe take a vacation or
write a book. Or even rise to
E-reader News Edition
eyesight. Even most of us who
have always opened our eyes each
morning and seen nothing but a
fuzzy mess can see clearly with
eyeglasses or laser surgery.
But you don't need a doctor to fix
poor vision. There's no medical
procedure needed to see beyond
the fuzzy mess of today.
Check your own vision. Then Marques
correct it. Create it. Live it.
Onward,
Roy S. Johnson
Colston
Men's Fitness (Mensfitness.com)
Editor In Chief Submitted at 11/23/2010 1:00:00 AM
Related articles:
Let It Go: Negativity can make by Brandon Guarneri| Print
Article| Email to Friend
become CEO or editor in chief. vision. Now, my vision is to you sick. But not if you don't In his last four games, Colston
Those are great goals. But they're inspire men and women to lead allow it to
Savor the Next "You": Get has 32 catches for 365 yards and
not a vision. A vision is much fit, healthy lives, and perhaps in all four of the touchdowns that
more; it's bigger than a mere some small way, alter the sad and excited about where life is taking
he's caught this season. Despite
achievement. Your goals, as big troubling trend of obesity in our you suffering plenty of injuries on
as they might be, can be checked nation. Today is Not Tomorrow:
offense (to running backs Reggie
off like items on a grocery list. Bold? Certainly. But small Setbacks happen to the nicest Bush and Pierre Thomas, as well
Check. Check. Check. visions do not affect change. people
as tight end Jeremy Shockey), the
Not a vision. You might also be thinking that [on Facebook, Digg, Reddit and Saints continue to solidify
A vision articulates the impact you're not capable of having a more]
themselves as a legit contender in
you want to have on others. vision. It's hard enough to pay This entry passed through the the NFC. On Nov. 21, in a 34-19
And it might take a lifetime to your bills, handle a relationship, Full-Text RSS service — if this is
win against the Seattle Seahawks,
achieve. maintain your career, or simply your content and you're reading it Colston had eight catches for 113
Now some of you might be keep a job. on someone else's site, please read
yards and two TDs, looking every
thinking: "How arrogant! Who It's hard just to survive today. our FAQ page at fivefilters.org/ bit the number one option on a
dares to outline such a path for Forget about tomorrow. content-only/faq.php
playoff team. For the year,
themselves?" Wrong answer! Having a vision Five Filters featured article: Colston now has 62 catches for
Well, I do. And so do many, is vital to your survival, to your Beyond Hiroshima - The Non-
over 700 yards receiving.
many others. After all, what's the revival. And your journey—your Reporting of Falluja's Cancer We featured Colston in our
point of being here if you don't way out and up—just might be an Catastrophe.
October issue to find out how he
touch others along the way? inspiration to others. To people was dealing with his Super Bowl
Editing a magazine was one of you don't even know.
hangover. Apparently, he's doing
my goals, but it was not my Almost everyone has 20/20 just fine.
Plenty of NFL receivers hog the
MARQUES page 73
E-reader News Edition
MARQUES
continued from page 72
spotlight with their mouths.
There's no need to name names.
New Orleans Saints wideout
Marques Colston isn't one of
them. And he lets you know that
by the tattoo on his left shoulder:
"The Quiet Storm." "That's just
me," he says. "I've always been an
under-the-radar type of guy, but I
go to work every day and try to
get better.
When we talked with him, the
6'4", 225-pounder was still
dealing with the after-effects of
the Saints' Super Bowl XLIV win.
After all, no one parties as they do
on Bourbon Street, and Colston
says the celebrations went on so
long they cut six weeks out of his
off-season training. "It's tough to
manage something like that
because [winning] is a lifelong
dream," he says. "But you've got
to stay focused." Colston certainly
is. His off-season program centers
around lifting four times a week
with strength coach Aaron
Sistrunk, co-owner of Balance
gym in Chestnut Hill, Pa. Every
two weeks, the pair change up his
exercises. "We don't want his
body to plateau," Sistrunk says.
"You want to keep shocking it."
True to his demeanor, Colston
approaches his workouts without
flair or drama. "He's strictly
business," Sistrunk says. "He just
does what he needs to do."
Much of Colston's workmanlike
attitude may come from the fact
that he isn't really supposed to be
in the NFL. He played his college
ball at tiny Hofstra University
(which has had only a handful of
players reach the NFL), and he
wasn't selected until the last round
of the 2006 NFL draft. Last
round. "Subconsciously, I think it
drives me."
Last year, Colston caught 70
balls for 1,074 yards and nine
TDs, but he's still obsessed with
getting better.
In addition to lifting, his
workouts emphasize plyometrics
and unilateral training. Sistrunk
will often put Colston on a Bosu
ball for one-legged squats while
throwing a medicine ball at him to
simulate game play.
At the time we chatted, he also
had to drop eight pounds before
training camp. His strategy: No
bread, no pasta, no rice. "Just lots
of fruit and vegetables," he said.
When the Saints take the field to
defend their title, he's confident
the work will pay off. "The weeks
before training camp are crucial,"
he says. "You've got to learn to
work smarter, rather than just
going harder." Related articles:
Michael Vick's Rise to the Top
Ndamukong Suh: Meet Detroit's
6'4", 307-pound rookie defensive
tackle
Small School, Big Production: 7
NFL stars who don't boast the
usual pedigree
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more]
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Social Media/ 73
All Kids Want for
Christmas Is an iPad
[STATS]
Lauren Indvik (Mashable!)
Submitted at 11/23/2010 2:15:55 PM
Like many of our readers ( we
suspect), the device American
kids want most this holiday is an
iPad.
According to a recent survey
from Nielsen, 31% of U.S.
children ages 6-12 want an iPad
over any other electronic device
in the next six months, followed
by a computer (29%) and iPod
hopeful iPad owners is that the
touch(29%).
device should be widely available,
The study, which was conducted
unlike many of the “it” gifts of
in October, includes 17 different
yesteryear; according to
kinds of popular electronic
Digitimes, China-based
devices currently on the market,
manufacturer Foxconn has
including TVs, game consoles and
ramped up production in order to
various kinds of mobile phones.
meet holiday demand.
Only 11% said they most wanted
Image courtesy of iStockphoto,
an e-reader, which renders this
pagadesign
recent commercial from Amazon
More About: apple, holiday
a little less compelling.
shopping, Holidays, ipad, Kids,
Those over the age of 18 express
study
the most interest in buying a
For more Tech coverage:
computer (20%) over the next six
• Follow Mashable Tech on
months, followed by a TV (19%),
Twitter
smartphone (19%) and iPad
• Become a Fan on Facebook
(18%). E-readers prove slightly
• Subscribe to the Tech channel
more popular (15%) among an
• Download our free apps for
older crowd, while gaming
iPhone and iPad
devices are significantly less.
Although it’s got a hefty price
tag, the good news for parents of
74 Religion/ E-reader News Edition

Mysterious faith, the WPost, the American dream

tmatt (GetReligion) home-cooked dinners for $10 implication, I guess, is that there
Submitted at 11/23/2010 11:03:19 AM apiece. is something that God wants
Her American Dream has taken a Walker to do or there is
Late last week, I was visiting the punch to the gut. “I never thought something that God wants her to
Washington Post newsroom with I’d be in a situation like this,” she learn from this experience of
some of my students and the says, smoke from the cooking suffering. However, this
professionals there were — swirling about her. “My friends hardworking mom and fervent
justifiably — buzzing about a say to me: ‘Listen to the Lord, believer wants to keep seeking a
news feature that dominated that Chris.’ I say, ‘No, I have to have a paycheck, after losing her high-
day’s front page. It was one of paycheck.’ “ paying job as an executive in a
those mood-of-the-nation pieces And the larger picture? The local nursing home.
in which one person’s story is reason readers are meeting this Say what? God is against her
used as a metaphor for the lives of woman on A1 in a major national being employed?
many. newspaper? Here’s the big problem. Strong
The setting is Fort Myers, Fla. The Census Bureau recently references to faith are woven
The person is single-mother reported that the poverty rate in throughout the feature, but we
Chrissandra Walker ( photo the United States rose to 14.3 never are given any details about
feature here). The headline is a percent last year, the highest level her faith or her community of
quotation that says, ”‘A storm in in more than 50 years. Texas and faith that frame these words, that
my life’— Woman goes from Florida saw the most people fall help them make sense. Could a
American Dream to nothing after below the line. In Florida alone, clergy person explain that
losing high-income job.” 323,000 people became newly mysterious quote about the
Here is a healthy chunk of the poor last year, bringing the state’s mysterious voice of God? It
story, starting with the symbolic- poverty total to 2.7 million. appears not.
detail lede: The numbers tell another tale as The photo essay includes a
Chrissanda Walker’s bourbon- well: Nationwide, in black picture of Walker sitting in a
glazed chicken is just out of the households such as Walker’s, church office using the
oven. The bread pudding is income plunged an average of 4.4 congregation’s computer, with the
finished. The collard greens worry percent in 2009, almost three implication that this is where she
her, though; she doesn’t want to times the drop among whites. The searches for work since she
overcook them. Walker looks at number of blacks living below the cannot afford an Internet
the clock. It’s 10 a.m. She’s been official poverty line — $21,756 connection of her own.
on her feet since 6. for a family of four — increased OK, I have some questions. What
Walker used to make $100,000 a by 7 percent in just one year. is the name of this church? What
year as a nursing home executive It’s a gripping story. If you read role does it play in her life? In
until she lost her job a year and a d o w n t o t h o s e g u t - p u n c h another picture, she appears to be
half ago. Unable to find a new statistics, is almost impossible to this story. The first time I read that, I taking part in worship. Again,
one, she shed her business suits stop until you reach the end. It’s At the top of the story, above the thought to myself, “What a quote. what is she hearing in this church?
and high heels and put on an the kind of profile that editors main photograph, was the No wonder they pulled up top.” How is it helping her to wrestle
apron and soft-soled shoes. This want to see in their newspapers, following pull quote. Let’s read it But then I read it again. Then I with this crisis? What does her
year, she and her daughter are combining hard news and real again: read the whole story. Twice. Then pastor have to say about her
l i v i n g o n $ 1 1 , 0 0 0 : h e r human emotions. And, of course, “My friends say to me: ‘Listen to I read the quote again. plight? The members of her
unemployment benefits plus religion plays a major — but the Lord, Chris.’ I say, ‘No, I Truth be told, I still have no idea
whatever she can earn selling completely mysterious — role in have to have a paycheck.’ “ what that quotation means. The MYSTERIOUS page 77
E-reader News Edition
Reflections on the Vatican 2010 sex abuse crisis
Mollie (GetReligion)
Submitted at 11/23/2010 1:39:47 PM
Here at GetReligion, we respond
to the news of the day. Sometimes
that means we don’t get a chance
to reflect on broader themes. We
spent a lot of time discussing how
the mainstream media handled the
Vatican sex abuse crisis earlier
this year. The Ethics and Public
Policy Center hosted a gathering
of journalists from mainstream
secular outlets to reflect on what
went right and what went wrong
with that coverage.
It sounds like it was a fascinating
discussion. Veteran Vatican
reporter John Allen, who we’ve
been mentioning a bit this week,
was one of the facilitators of the
discussion and he wrote up a
report for the National Catholic
Reporter.
The conversation ranged from the
Vatican’s poor state of crisis
communications to whether the
news media got the story right.
Among the reporters present was
Laurie Goodstein, whose New
York Times work on the matter
fueled much of the controversy.
George Weigel was the other
facilitator for the conversation. He
laid out seven “flawed
assumptions” that permeated this
year’s coverage. These were: a
notion that the papacy wields total
control over Catholic life, that the
Roman Curia is highly competent,
that there is a will to deceive at
the highest levels of the Vatican,
that the church has
institutionalized hypocrisy, that
Catholic priests have a higher-
than-average sex abuse rate, a
lack of skill in reading church
documents, and confusion over
who is and is not a reliable source.
Weigel also noted that the church
has two chronic problems —
communications and the lack of a
mechanism for dealing with
incompetence — or worse —
from bishops.
Allen talked about the paradox of
Benedict — regarded by insiders
as the great reformer on the sex
abuse issue and yet painted as the
global symbol of the problem:
Measured not against the
sweeping programs for reform
that some critics of the church
have advanced, but against what
was realistically possible,
Ratzinger moved the ball farther
and faster than most people
anticipated, often against strong
internal opposition.
If that’s so, then why did a
handful of cases from decades
ago, which came to light earlier
this year, cause such an
earthquake in public perceptions?
He suggests two additional
factors that impeded the Vatican
from making a better case: The
first case that came to light was
the worst; when it broke, the
Vatican’s instinct was to protect
Benedict rather than empathize
with the victims and restate what
reforms had taken place. The
other issue is that the Vatican may
have been hampered in pointing
out Benedict’s record because it
would indict other senior Vatican
officials or have the effect of
tainting the memory of Pope John
Religion/ 75
Paul II.
Okay, so let’s get to the juicy
part. Goodstein said that when she
began reporting, she accepted the
“Ratzinger the Reformer” idea:
Yet, she said, the 2010 stories
upended that narrative, which
placed the responsibility entirely
on bishops for the failure to report
and remove abusers. This year we
learned of one case after another,
she said, in which bishops were
pleading urgently with the
Congregation for the Doctrine of
the Faith under Ratzinger to
laicize a known molester, and the
CDF rejected those requests. And,
she added, we were always told
that the CDF had nothing to do
with these cases until 2001, but
that turned out to be false also. In
fact, they were handling them all
along.
As a footnote, Goodstein said
that much of the reporting was
based on documents — though
she didn’t add this herself, usually
documents obtained from victims’
lawyers. Those documents, she
said, are the most revelatory
evidence we have. The documents
come from attorneys, she said,
because the church sure is not
handing them over.
Allen said that the additional
2010 reporting didn’t
fundamentally alter his views on
how the Vatican reformed. He
explains some of the specific
reasons why and adds:
One can certainly argue that his
awakening came late, and that not
REFLECTIONS page 77
76 Religion/ E-reader News Edition

Taking one for the team

Bobby (GetReligion) contests in RNA’s history. We are publications that only cover Pulliam Bailey serves as CT’s religion and let the work stand on
Submitted at 11/23/2010 9:29:47 AM growing from eight contests last religion (but which are for-profit online editor. In my experience, its own, rather than make
year to 19. More importantly, commercial ventures or otherwise CT’s editors are every bit as statements about the funding
The e-mail came across my w e ’ v e a d d e d s i g n i f i c a n t financially independent of any committed to quality journalism mechanisms of certain
computer screen last week. The categories that were missing in denomination or religious group). as my editors in my Associated publications. (I should note that I
title of the note from Debra past years, such as blogging, Now Christian Century, Tricycle, Press days — and every bit as have no idea whether Russell
Mason, the highly respected documentaries, books, TV news Tikkun, The Forward, Islamica, talented and professional. would want to compete in RNA. I
executive director of the Religion magazines, magazines design, Christianity Today and hundreds The journalism produced by just brought up her name because
Newswriters Association, was online only publications and other of other publications are eligible religious publications matches she is an example of someone
cheery enough: categories. for the magazine category and sometimes exceeds that in doing excellent journalism in the
New contests expand recognition Up until that point, Mason’s note contests. mainstream newsrooms. My own denominational press and
Mason wrote: made perfect sense. Journalists Read that again. It’s a significant publication, The Christian someone honored by RNA during
In a time when the religion beat love contests. What we lack in development. And not necessarily Chronicle, competes with her secular reporting days.)
i s c h a l l e n g e d , a d d i n g n e w salary and benefits, we make up a positive one for those of us, Oklahoma’s major dailies in the As its website notes, RNA was
contests may s e e m for in certificates and plaques. such as your GetReligionistas, Oklahoma Society of Professional founded in 1949 to advance the
counterintuitive. After all, fewer Our brother-in-law can keep his who value the secular Godbeat Journalists’ annual contest and professional standards of religion
journalists are covering religion f a t C h r i s t m a s b o n u s . W e and consider it crucial. does quite well, especially reporting in the mainstream media
full-time and fewer media outlets journalists are perfectly happy What that change tells me (and I considering the tiny size of our and to create a support network
pay the contest entry fees. with a box of candy canes and could be wrong) is that the RNA, staff. for religion reporters. It’s difficult
Yet, in times like these, we need fifth place in third-day spot news which long has prided itself on Maybe I’m wrong and this isn’t to do that if you don’t have the
more recognition and reward for coverage of weekend natural being an organization for religion about the money at all. Maybe membership base or funding to
quality religion news, not less. disasters in Division 15 of the journalists, not religious this change reflects a belated survive. Sometimes, you hold
Examples of poorly written state press contest. (I say this, journalists, no longer can support recognition by the RNA of the your nose and take one for the
religion news — nearly always tongue firmly in cheek, as itself on mainstream journalism excellent caliber of journalism team. Written by: Bobby on
produced by general assignment someone who both enters his fair alone. Rather, it must hold its produced in the religious media. November 23, 2010.
or non-specialist reporters — are share of contests and has served nose and take one for the team by Somehow, though, I doubt it. This entry passed through the
easy to find. But as an association, the last few years as a judge for inviting certain less-offensive If that were the case, RNA would Full-Text RSS service — if this is
we need to shine the light on the the Sigma Delta Chi Awards.) religious publications to pay its open more than just the magazine your content and you're reading it
journalistic jewels that may get But the next part of Mason’s note contest fees and keep the category to such journalists. It on someone else's site, please read
l i t t l e n o t i c e , d e s p i t e t h e i r surprised me: organization going. would let my friend Robin our FAQ page at fivefilters.org/
c r e a t i v i t y , e l o q u e n c e a n d The contests for the first time Now, just to be clear, this is no Russell, managing editor of the content-only/faq.php
accuracy. open up the awards to a criticism of the publications United Methodist Reporter, Five Filters featured article:
T h e R N A B o a r d , a f t e r classification of members who suddenly eligible for RNA compete in the prestigious Beyond Hiroshima - The Non-
r e c o m m e n d a t i o n s f r o m t h e were in recent years eligible as contests. I write freelance stories newspaper categories. It would Reporting of Falluja's Cancer
Contest Committee, this fall active members but ineligible for for Christianity Today, and my open up the entire hen house to all Catastrophe.
approved the largest expansion of our contests, namely, members at fellow GetReligionista Sarah journalists who write about
E-reader News Edition
MYSTERIOUS
continued from page 74
Sunday school class, if she is part
of one? Is there a support group
for single mothers?
Later on we read:
In 20 months, she had gone from
flourishing American Dream to
Down to Nothing.
“There have been some painful
days,” Chrissanda Walker says. “I
should have been back working
by now. I’ve had to hold on to my
faith. I’ve gone on job interviews.
I know I’m qualified. My record
speaks for itself.”
She sighs and drops her head.
Readers also meet a friend —
Christine Rahmings — who
describes Walker’s attempts to
pay the bills by cooking meals for
others. Now, Rahmings and these
other women that we meet in the
story, are they part of this there-
but-not-there church?
A short while later, Walker
started making meals. During the
Depression, many American
women, trying to stave off ruin,
went to their kitchens and
emerged selling dinners - from
their porches, windowsills, back
yards. “It reminded me of the
black women who used to sell
dinners to help build churches,”
Rahmings says. “Chris was
selling dinners, though, to pay her
utilities, or to get something for
Ravean. You’ve heard that
expression: ‘By any means
necessary.’ ”
Here’s another strong faith-based
quote from a Friday night high-
school football game, in the voice
of Kelly Newson, one of Walker’s
high-school classmates from long
ago:
On the field, Fort Myers High is
falling behind. Kelly Newson, an
old high school classmate of
Walker’s, takes a seat behind her.
He starts right in: “You find a job
yet?” Walker shakes her head no.
Riverdale scores again.
Newson goes on: “If God wants
you to go North, you go North.
You can’t go Northwest if he
wants you to go North, my sister.”
Walker nods, not sure about the
cryptic counseling. “I had a
relative in the nursing home Chris
was at,” Newson begins again,
“and she was really happy there.
Chris took care of the place. It
was clean. I just can’t understand
why she can’t get a job.”
The religious references are
everywhere, from her supporters
getting “prayed up” to, literally, a
prayer balloon that drifts toward
heaven in the final lines.
It’s clear that there is a faith
community in this woman’s life
and that it is a source of support,
prayer, advice and friendship.
There is evidence of that
community everywhere in this
story. One might even claim that
it is the context of this woman’s
story.
That is, this faith community is
everywhere except IN THE
STORY.
This is most strange. Written by:
tmatt on November 23, 2010.
This entry passed through the
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content-only/faq.php
Five Filters featured article:
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REFLECTIONS
continued from page 75
enough has yet been done —
perhaps especially in terms of
matching the new accountability
for priests with similar
accountability for bishops. The
fact remains, however, that the
Vatican is today more committed
to a “zero tolerance” policy
because of Ratzinger’s impact,
both before and after his election.
If that point sometimes got lost
earlier this year, it’s probably one
part a media failure to keep the
whole picture in focus, and one
part the Vatican’s inability to
project a different narrative.
There’s a lot more, if this type of
conversation interests you. Weigel
gets into some nitty gritty about
the end of John Paul II’s time in
office. The group also discussed
why there never seem to be
consequences when someone in
Rome screws up.
These reporter insights that Allen
mentions are also interesting:
One [journalist] said that while
such insider scoop is interesting,
it’s of limited journalistic value.
Editors won’t tolerate sticking in
four paragraphs of “Vatican
context” into stories to explain
every statement or decision that
comes down the pike, this reporter
said, because it smacks too much
77
of apologetics — i.e., trying to get
the Vatican off the hook.
Another reporter made the point
that when it comes to the crisis,
media outlets have a limited
appetite for nuance, because of
the stark moral nature of the
underlying issue — the sexual
exploitation of vulnerable
children. In that regard, this
reporter said, the media can be as
“unchanging and relentless as the
church.”
Allen says the take-away is that
unless the Vatican wants a
perpetual war with the press, it
needs to become better at
explaining its culture to the
outside world. Written by: Mollie
on November 23, 2010.
This entry passed through the
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78 Politics-Right/
In Defense of Defense
Submitted at 11/23/2010 3:00:04 AM
From the November 29, 2010,
issue of NR.
T wo bedrock beliefs of
traditional conservatism are fiscal
discipline and strong national
defense. Likewise, two general
rules of budgetary reform in times
of economic crisis are, first, to
scale back expenditures rather
than raise taxes, and, second, to
look at defense for some of the
deepest cuts. Something therefore
will have to give.
In the last two years the United
States has piled up record $1.3
trillion annual budget deficits.
That red ink has pushed the
national debt close to $14 trillion,
approaching 98 percent of the
nation’s annual gross domestic
product, a peacetime record.
Worse still, there is no end in
sight to this massive borrowing.
Trillion-dollar budget deficits are
scheduled at least through 2014
and will take our national debt
beyond $18 trillion.
#ad#These staggering figures
have caused near-panic
throughout the world, as the
Federal Reserve desperately prints
$600 billion to monetize some of
the huge debt, gold soars to over
$1,400 an ounce, and Washington
is chastised as profligate by
everyone from Germany to China,
which worries about the solvency
of its massive surplus dollar
accounts.
No wonder, then, that the quest
for fiscal sanity became the
signature of the Tea Party
movement and fueled the general
Republican political renaissance.
But amid the talk of across-the-
board budget freezes, radical
entitlement reform, and
elimination of entire programs, is
it fair to spare defense from the
anticipated 2011 slashing?
At first glance, clearly no. After
all, the United States will spend
over $680 billion on defense this
year alone -- slated to rise to $712
billion next year -- and well over
$1 trillion when you include
defense-related expenses that are
not counted in the official
Pentagon budget. Depending on
how one categorizes the figures,
defense spending now represents
over 19 percent of the federal
budget and is nearing 5 percent of
the nation’s GDP. Over the last
nine years, the Pentagon’s budget
has grown on average by about 9
percent each year, more than
triple the rate of inflation -- quite
apart from the supplementary
spending on the Afghanistan and
Iraq wars.
Indeed, America now accounts
for about 40 percent of the
world’s military spending. That is
six times as much as its supposed
chief rival, China. And when
America’s defense expenditure is
added to the military budgets of
Europe, as well as those of
Australia, Canada, Japan, South
Korea, and other allies, the
Western alliance accounts for
nearly three-fourths of all global
outlay on defense. Why can’t
fiscal conservatives at least freeze
Pentagon spending in an era of
near–financial collapse?
In addition, national security and
global influence are not always
measured by arms alone. China,
with an economy one-third the
size of ours and a military budget
one-sixth the size of ours, is
increasing its profile in Africa and
Latin America and is insidiously
reminding Japan, the Philippines,
South Korea, and Taiwan that the
time is approaching when a near-
bankrupt United States either
cannot or will not support them in
times of existential crisis. Flush
with nearly $2.5 trillion in cash
reserves (the result of huge
ongoing trade surpluses and
budgetary discipline), China
reminds both neutrals and rivals
that it has plenty of money to buy,
bribe, or persuade its way with
nations -- and will have even
more in the years ahead, even as
its chief rival, the United States,
will have less.
#page#In Washington,
meanwhile, the Democratic White
House and Senate are most likely
to compromise on budget cuts if
defense-spending freezes or
reductions are on the table --
concessions that might both
preclude increases in income-tax
rates and facilitate reductions in
general social spending. No doubt
the president’s bipartisan deficit
commission will include defense
allocations among the cuts it
recommends as necessary to
balance the budget. After all, most
government bureaucracies have
plenty of waste, the Pentagon
included -- especially in a period
of rapid expansion that saw the
military budget double in less
than ten years and consume $1
trillion in aggregate budget
increases above the rate of
inflation.
#ad#Yet there are also compelling
reasons not to cut defense, and
these are rarely discussed. The
United States has an alarming
record of courting danger when it
has slashed defense, or even
merely been perceived abroad to
be pruning its military. In the
1930s the Germans and Japanese
did not take the United States
seriously as a deterrent power,
and understandably so: It was not
until 1943 -- after tens of
thousands of American deaths --
that the United States finally
deployed planes, armor, and ships
that were of rough parity in
numbers and quality with those of
its Axis enemies.
After World War II ended,
America demobilized and
returned to its parsimonious
military ways. The result: By
August 1950 an outnumbered and
outclassed American army in
South Korea was confined to the
tiny Pusan perimeter. For the first
six months of hard fighting in
Korea, the military’s obsolete
tanks, anti-tank weapons, and
planes proved no match for Soviet
-supplied T-34 tanks and MiG-15
jets.
Three decades later, in April
1980, post-Vietnam budget cuts
were the subtext of the
humiliating failed mission
(Operation Eagle Claw) to rescue
E-reader News Edition
the Iranian-held hostages. And the
post–Cold War defense cuts of the
1990s may have made it far more
difficult to pursue terrorists or
fight in Iraq and Afghanistan in
the new millennium. As Rudyard
Kipling put in his poem
“Tommy,” the public demands a
superb wartime military as much
as it neglects it in peacetime --
“For it’s Tommy this, an’ Tommy
that, an’ ‘Chuck him out, the
brute!’ / But it’s ‘Saviour of ’is
country’ when the guns begin to
shoot.”
At present, the world is not
tranquil. At least a half dozen
countries, including Iran, North
Korea, and Venezuela, have
ratcheted up their bellicose
rhetoric, spurned U.S. efforts at
outreach, and either threatened or
harassed their neighbors. Our
future relations with China, Syria,
and Turkey are at best
problematic. Soon-to-be-nuclear
Iran may start a new strategic-
arms race in the Middle East, as
Sunni Arab states seek to deter the
Shiite Persian hegemon.
Potentially more frightening are
the increasing tensions between
Japan and both China and Russia
that stem from territorial disputes
over islands near the Japanese
mainland. It is almost a given that
anytime the post-war United
States cuts its military or tires of
its global deterrent role, it will
soon rue the effort and pay for its
laxity with blood and treasure.
Second, the United States
DEFENSE page 82
E-reader News Edition Politics-Right/ 79

Pence for President?

Submitted at 11/23/2010 3:00:35 AM
Republican Conference following Reaganesque qualities that are so intense competition will be a the polling company, inc./
the election, there was immediate effective in American politics. I change for him. Running in a WomanTrend and a pollster for
No one has gone straight from buzz that he might be considering can imagine easily a scenario district rated R+10 by The Cook Pence. “Meg Whitman [the
the House to the White House a p r e s i d e n t i a l r u n . O t h e r s where Mike Pence could get Political Report, Pence has California gubernatorial
since James Garfield. Mike Pence speculated that he might run for traction and end up emerging as trumped opponents by 20 to 35 candidate] spent $150 million and
might be the one. governor of Indiana, where term the candidate.” points every time he has run for re got about the same percentage of
H e hasn’t held executive office. limits mandate that current Pence, however, has also shown -election. Another potentially the vote as [Delaware Senate
H e i s n ’ t a p a i d F o x N e w s governor Mitch Daniels step signs of interest in running for tricky matter, if he goes national, candidate] Christine O’Donnell.”
contributor. He hasn’t written a down in 2012. governor. “He did a lot of Lincoln will be appealing to non- Conway also points out that the
best-seller or starred in a reality “The congressman hasn’t made a Day dinners that weren’t exactly conservative voters. In Indiana, new media landscape offers
show. decision at this point,” says Pence in his congressional district, so many Democrats are somewhat underdog candidates more
So is there any reason Rep. Mike spokesman Matt Lloyd. “He’s that tells you he’s maybe at least conservative. “We’re not to be opportunities to spread their
Pence (R., Ind.) should be humbled by the encouragement thinking hard about the confused with Chicago, for message to the public rapidly and
c o n s i d e r e d a v i a b l e 2 0 1 2 he’s received back in Indiana and governorship,” says Mike example,” says Robert Dion, a inexpensively.
presidential contender? around the country, and he’s McDaniel, former chairman of the political-science professor at the Another undervalued asset is
According to supporters, there’s a going to take the coming weeks to Indiana GOP, referring to the University of Evansville. “It’s a Pence’s Midwestern background.
huge one: authenticity. Pence seek counsel and prayerfully dinners held annually by each of different animal.” McDaniel “In 2008, President Obama
identifies himself as a fiscal and consider it.” Indiana’s 92 counties. agrees, saying that Indiana carried Wisconsin, Michigan,
social conservative and has the If Pence decides to run for If Pence does opt to run for Democrats are “Reagan Illinois, Indiana, Iowa, and Ohio,
voting record to prove it. Elected p r e s i d e n t , h e f a c e s s t e e p governor, he will most likely face Democrats.” gaining a total of 86 electoral
in 2000, when compassionate obstacles. The last president a competitive primary, with Lt. #ad#On the other hand, Pence, a votes,” Conway observes. “He is
conservatism was trendy, he has elected directly from the House of Gov. Becky Skillman having former radio-show host, is noted far less popular in all of them
never been afraid to play the R e p r e s e n t a t i v e s w a s J a m e s already said she’s “seriously for his communication skills. now, and Republicans just won
Grinch, voting against big- Garfield in 1880. And while considering” running. If Pence “He’s not as brusque or rough statewide in each of them.” Ohio
spending initiatives such as No President Obama’s rapid ascent wins the primary, his opponent around the edges as some really and Indiana are both considered
Child Left Behind, Medicare Part may signal that voters don’t may well be Sen. Evan Bayh, who hard-charging conservatives,” battleground states, while
D , a n d T A R P . P e n c e h a s demand much political experience was Indiana’s governor for two says Dion. “He might say the Wisconsin’s recent election of
displayed the same kind of from their presidents, even terms before serving in the U.S. exact same thing, but it goes over Republican Ron Johnson for
consistency on social issues, Obama had been a senator for two Senate for twelve years. Bayh is better than some.” Marjorie Senate could signal a shift to the
establishing a solidly pro-life y e a r s b e f o r e l a u n c h i n g h i s not currently Indiana’s favorite Dannenfelser, president of the right. However, Pence is not the
record over the last decade. campaign. Democrat, thanks to his last- Susan B. Anthony List, talks only potential candidate who has
#ad#Pence’s advocacy hasn’t On the flip side, Pence may minute decision not to run for re- about Pence’s ability to appeal to this Midwestern edge. The
gone unnoticed. He spoke at the b e n e f i t f r o m b e i n g a n e w election, a decision that many the grassroots and communicate speculative list of 2012
T e a P a r t y ’ s 9 / 1 2 r a l l y i n candidate, which could appeal to Democrats believe ensured that a “a vision that is really compelling, contenders also includes Indiana
Washington, D.C., last year and GOP voters who don’t want the Republican would win, as Dan that gets people out of their seats governor Mitch Daniels,
again this year, and won the straw 2012 presidential field to be 2008 Coats in fact did. But if Bayh and going door to door.” Minnesota governor Tim
p o l l o f 2 0 1 2 p r e s i d e n t i a l redux. “When I travel around the decides to try to patch up his Among some Pence partisans, Pawlenty, and South Dakota
candidates at the Family Research country,” says Gary Bauer, relations with state Democrats and there’s a sense that the senator John Thune.
Council’s Value Voters Summit p r e s i d e n t o f t h e s o c i a l - run, he’ll be likely to mount a conventional wisdom is wrong Ultimately, Pence’s strongest
this year, beating out notables like c o n s e r v a t i v e o r g a n i z a t i o n formidable campaign, although about the requirements for a advantage may be his ability to
Mike Huckabee, Mitt Romney, American Values, “conservative his more liberal Senate votes may presidential candidate. “High build bridges within the GOP.
and Sarah Palin. When Pence audiences seem to feel that they prove to be an Achilles’ heel. name ID and deep pockets are not “The Republican party is going
resigned from his leadership would love to see someone new #page#If Pence chooses to run for all that they once were,” argues
position as chairman of the House emerge who had the sort of either governor or president, the Kellyanne Conway, president of PENCE page 81
80 Politics-Right/ E-reader News Edition

Jim Clyburn: Personification of a Degraded Party

John Perazzo (FrontPage achievement. “When he [Clinton] reflexive charges of racism, but
Magazine » FrontPage) was going through his also in the congressman’s voting
Submitted at 11/22/2010 10:36:07 PM impeachment problems, it was the record on a wide range of vital
black community that bellied up issues. A devoted fan of the
Seventy-year-old Democrat to the bar,” said Clyburn. “I think bloated welfare state, Clyburn,
James Clyburn has been the U.S. black folks feel strongly that that early in his legislative career,
R e p r e s e n t a t i v e f o r S o u t h this is a strange way for President voted against a 1995 bill designed
Carolina’s 6th congressional Clinton to show his appreciation.” to move people off the welfare
district since 1993. He also has When South Carolina’s rolls and into paying jobs. In
served as House Majority Whip R e p u b l i c a n g o v e r n o r M a r k addition to limiting welfare aid to
since 2007, making him the third- Sanford formally rejected federal five years per family, this bill
ranking Democrat in the House earmarks for his state early last barred states from giving cash
behind Speaker Nancy Pelosi and year, Clyburn alleged that Sanford assistance to children of
Majority Leader Steny Hoyer. was a racially insensitive elitist: unmarried teenagers; to families
When the new Congress convenes “He [Sanford] happens to be a that had given birth to additional
in January 2011, Clyburn will millionaire. He may not need help children while on public
retain a #3 leadership position– “ for the plantation his family owns, assistance; to any person who had
Assistant Minority Leader” – b u t t h e p e o p l e w h o s e fraudulently sought to obtain
among the now-minority grandparents and great- benefits in more than one state;
Democrats. As one of the most g r a n d p a r e n t s w o r k e d t h o s e Zimbabwean president Robert Claiming that he had always tried and to fugitive felons, parole and
influential political figures in the plantations need the help.” Mugabe, Clyburn characterized to “look past” Wilson’s probation violators, alcoholics,
country, he merits the closest In February 2009, Clyburn the governor’s remarks as “membership in some groups that and drug addicts. But alas, Rep.
scrutiny of the American people – offered this assessment of why “beyond the pale.” When call into question his feelings Clyburn thought all these
particularly in light of the fact that Sanford and three other southern reporters subsequently asked about his whole notion of white stipulations were bad ideas. The
h i s p o l i t i c s a r e t h o s e o f white governors were opposing Clyburn if his use of that phrase supremacy,” Clyburn said: “Joe following year, he voted against
Democratic Party orthodoxy writ President Obama’s $787 billion was intended to imply that Wilson has worked very hard to the landmark Welfare Reform Act
large. stimulus package: “The governor Sanford’s comments had racial cultivate a sort of choir-boy of 1996, which caused welfare
A member of the Congressional o f L o u i s i a n a e x p r e s s e d overtones, the congressman image, but I think that most rolls nationwide to shrink by more
Black Caucus(CBC), Clyburn, in opposition. [Louisiana] has the replied: “I’m sure he would not people realize that there’s than 50 percent, as millions of
the longstanding tradition of the h i g h e s t A f r i c a n - A m e r i c a n say that, but how did he get to something else going on with formerly dependent people were
CBC and the political Left, has p o p u l a t i o n i n t h e c o u n t r y . Zimbabwe? What took the man to him.” moved successfully into jobs
cultivated an uncanny ability to G o v e r n o r o f M i s s i s s i p p i Zimbabwe? Someone should ask In Clyburn’s calculus, even a where they were able to earn their
spot white racists lurking expressed opposition. The him if that’s really the best refusal to dutifully swallow the own way instead of being the
menacingly around virtually every governor of Texas, and the comparison.… How can he fantasy of manmade global wards of American taxpayers.
corner. For instance, when former governor of South Carolina. compare this country’s situation warming qualifies as evidence of Clyburn also thought it was a bad
President Bill Clinton likened These four governors represent to Zimbabwe?” racism because, as the idea in 2003 to place even
B a r a c k O b a m a ’ s 2 0 0 8 states that are in the black belt. I After Rep. Joe Wilson congressman explains, “African- minimal new conditions on
Democratic primary victory in was insulted by that. All of this infamously shouted “ You lie!” Americans are disproportionately welfare eligibility. Thus he voted
South Carolina to then-candidate was a slap in the face of African- during President Obama’s impacted by the effects of climate against a proposal to raise the
Jesse Jackson’s primary victory Americans.” September 9, 2009 address change economically, socially and work requirements, from 30 hours
t h e r e t w e n t y y e a r s e a r l i e r , In March 2009, when Governor outlining his healthcare-reform through our health and well- per week to 40, for individuals
Clyburn concluded that Clinton’s Sanford compared Obama’s proposal to a joint session of being.” receiving public assistance. By
remarks were embedded with a massive stimulus spending to the Congress, Clyburn again sniffed Clyburn’s unwavering leftism
racist intent to diminish Obama’s disastrous fiscal policies of the pungent stench of racism. manifests itself not only in such JIM page 87
E-reader News Edition
Why Unhappy People Become Liberals
Submitted at 11/22/2010 11:00:38 PM
. . . and why liberalism makes
them even unhappier.
A ccording to polls -- Pew
Research Center, the National
Science Foundation -- and studies
such as Arthur Brooks’s Gross
National Happiness, conservative
Americans are happier than liberal
Americans.
Liberals respond this way: “If
we’re unhappier, it’s because we
are more upset than conservatives
over the plight of those less
fortunate than ourselves.”
But common sense and data
suggest other explanations.
#ad#For one thing, conservatives
on the same socioeconomic level
as liberals give more charity and
volunteer more time than do
liberals. And as regards the
suffering of non-Americans, for at
least half a century conservatives
have been far more willing to
sacrifice American treasure and
American blood (often their own)
for other nations’ liberty.
Both of these facts refute the
liberals-are-more-concerned-
about-others explanation for
liberal unhappiness.
So, let’s look at other
explanations.
Perhaps we are posing the
question backwards when we ask
why liberals are less happy than
conservatives. The question
implies that liberalism causes
unhappiness. And while this is
true, it may be equally correct to
say that unhappy people are more
likely to adopt leftist positions.
Take black Americans, for
example. It makes perfect sense
that a black American who is
essentially happy is going to be
less attracted to the Left. Anyone
who has interacted with black
conservatives rarely encounters an
angry, unhappy person.
Why?
Because the liberal view on race
is that America is a racist society.
Therefore, for all intents and
purposes, a black American must
abandon liberalism in order to be
a happy individual. It is very hard,
if not impossible, to be a happy
person while believing that
society is out to hurt you. So, the
unhappy black person will
gravitate to liberalism and
liberalism will in turn make him
more unhappy by reinforcing his
view that he is a victim.
The unhappy gravitate toward the
Left for a second reason. Life is
hard for liberals and life is hard
for conservatives. But
conservatives assume that life will
always be hard. Liberals, on the
other hand, have utopian dreams.
At his brother Robert’s funeral,
the late Sen. Edward M. Kennedy
recalled his brother saying: “Some
men see things as they are and
say, ‘Why?’ I dream things that
never were and say, ‘Why not?’”
Utopians will always be less
happy than those who know that
suffering is inherent to human
existence. The utopian compares
America to utopia and finds it
terribly wanting. The conservative
compares America to every other
civilization that has ever existed
and walks around wondering how
he got so lucky as to be born or
naturalized an American.
#page#Third, imagine two
Americans living in essentially
identical socioeconomic
conditions. They earn $45,000 a
year, they have the same amount
of debt on their homes, and both
have the same number of
dependents. One seeks
governmental assistance wherever
possible; the other eschews any
governmental help. Which one is
likely to be the liberal and which
one is likely to be the happier
individual?
This is not a question only an
oracle can answer. The one who
yearns for governmental help is
the one who is likely to be both
liberal and less happy.
Conservatism, which demands
self-reliance, makes one happier.
The more a man or woman feels
like captain of his or her ship (as
poor as that ship may be), the
happier he or she will be.
#ad#A fourth explanation for
greater unhappiness among
liberals is that the more people
allow feelings to govern them, the
less happy they will be. And the
further left one goes, the more
importance one attaches to
feelings.
It is liberal educators and liberal
parents who have clamored for
protecting young people from the
pain of losing games. The liberal
world came up with the idea of
giving trophies to kids who lose;
they don’t want their children
feeling bad. Conservatives, on the
other hand, teach their kids how
to lose well. They are less worried
about their children feeling bad.
A couple of years ago, I gave a
speech on happiness to the
students and faculty of a
prestigious high school in the Los
Angeles area. The subject was the
need to act happy even when one
isn’t feeling happy -- because it is
unfair to others to inflict our bad
moods on them and because we
will never be happy if we allow
our feelings to dictate our
happiness.
From what I experienced that day
and learned later, liberal students
and faculty generally loathed my
speech; conservative students
generally loved it (there were no
conservative faculty to speak of).
Why? Because conservatives are
far more likely to be comfortable
with the idea that feelings are not
as important as behavior.
Those who know that feelings
must not govern us, but that we
must govern our feelings, are far
more likely to be happy people.
The upshot of all this? There is
an amazingly simple way to
defeat the Left: Raise children
who are grateful to be American,
who don’t complain, who can
handle losing, and who are guided
by values, not feelings. In other
words, teach them how to be
happy adults.
— Dennis Prager is a nationally
syndicated radio talk-show host
and columnist. He may be
contacted through his website,
dennisprager.com. Dennis Prager
Politics-Right/ 81
PENCE
continued from page 79
through its own little growth pains
here,” remarks Bauer, “and we
see all the continued speculation
about whether the party
establishment can meld
successfully with the new Tea
Party activists and so forth. I think
whoever we nominate in 2012 has
to be somebody that can deal
with, work with both of those
impulses in the coalition,
somebody who is respected by
both of those groups.” Bauer
believes that Pence is one of a
“handful of people” who meet
those qualifications.
So what will Pence do? He has
said he will not make a decision
until after January 1. “For now,
we [the Pence family] will
continue our duties serving the
people of Indiana and do what we
have always done in such times;
we will wait on the Lord and
follow where He leads,” he wrote
in the letter announcing his
resignation from the House
leadership.
Bauer offers a less religious take
on what Pence should do next.
“Selfishly,” he says, “I would hate
to surrender him back to Indiana
at a time when the Republican
party is desperately in need of
competitive leadership.”
— Katrina Trinko writes for
National Review Online’s Battle
’10 blog. Katrina Trinko
82 Politics-Right/
DEFENSE
continued from page 78
military keeps international peace
in many quiet ways that transcend
its more overt efforts to rid the
world of assorted thugs, genocidal
dictators, and terrorist sponsors
such as Saddam Hussein,
Slobodan Milosevic, Manuel
Noriega, and the Taliban. NATO,
which would be impossible
without the United States, cools a
number of traditional hot spots
like Cyprus, the Aegean Sea
between Greece and Turkey, and
the historically vulnerable eastern
-European borderlands that abut
Russia. The U.S. military hunts
down al-Qaeda from the horn of
Africa to South America, fights
the Somali pirates, organizes
tsunami relief in Indonesia,
facilitates aid to earthquake-
stricken Haiti, and keeps sea lanes
open from the China Sea to the
Persian Gulf. These costly
deterrent and humanitarian efforts
save lives and build goodwill --
and many of them either would
not occur or would be taken up by
less conciliatory powers should
we cut back the current military
budget.
#page#Third, much of the
Pentagon budget is spent on
military personnel -- at least $150
billion -- including college
education and vocational training.
After 20 years as a professor in
the California State University
system, I can attest that returning
military veterans were more
mature and responsible in general,
and were better-motivated
students, than my average
undergraduates, who often
expanded their college experience
to six or eight years of on-again-
off-again study. In short, the
military was able to train 20-year-
old signalmen on aircraft-carrier
decks to park $150 million jet
fighters wingtip to wingtip far
more safely than college students
zoom through campus parking
lots.
#ad#Fourth, we are currently
spending on defense (at least on
average) one point of GDP less
than we did during the Cold War
in the 1980s -- which ended with
the implosion of a Soviet Union
that simply could not produce a
technologically sophisticated and
disciplined military
commensurate with America’s re-
equipped and expanded armed
forces. When the George W. Bush
administration entered office, we
were spending only about 3
percent of GDP on defense, a
historic low, and the figure did
not exceed 4 percent until the
latter half of Bush’s second term.
In other words, in terms of the
overall economy, the present
military budget is not historically
high.
Fifth, the U.S. military is billions
of dollars behind in repairing or
replacing equipment worn out by
years of fighting in Afghanistan
and Iraq and by its increased
responsibilities in the War on
Terror. Indeed, we sometimes
forget that we are in a global
conflict with radical Islamists who
most recently have attempted to
kill thousands of Americans in the
New York subway system, in
Times Square, and on both
passenger and freight planes.
The failures of these planned
operations are attributable in part
to stepped-up military
intelligence, the elimination of
thousands of terrorists in
Afghanistan and Iraq, and the
ongoing targeting of terrorists by
drone attacks in the badlands of
Pakistan, Somalia, Sudan, and
Yemen. But this does not show
that conventional weapons are
unnecessary. As personnel costs
and the prices of weapons systems
skyrocket, we are forced to buy
fewer planes and vehicles. Those
economies increase both the per-
unit cost of acquisition and the
hours of usage per asset. The
result, for example, is that in just
20 years the Air Force has gone
from deploying over 4,000 fighter
aircraft to scarcely 1,500. That
means fewer and more costly
planes than ever before, and more
wear and tear on those that we can
afford.
Of course it is salutary to review
carefully all Pentagon
expenditures, and to make sure we
are not purchasing assets or
fielding forces that we do not
need, or that are not in line with
our strategic goals and
responsibilities. But we should
also remember that near the end
of the Cold War, in 1988, income
taxes were lower (28 percent on
top brackets), budget deficits were
smaller (3 percent of GDP), and
defense expenditures were
proportionally greater (5.8 percent
of GDP) than they are now --
reminding us that the present
budget meltdown reflects
particular policies and priorities
that transcend both tax rates and
defense spending.
In the end, the problem of
national security in a time of
budget restraint is not so much
about defense spending per se;
instead, it lies in two other areas.
First, we must establish our global
responsibilities in the context of
our fiscal limitations, and fund
our military to fulfill the ensuing
obligations. At present, defense
spending is increasingly not
synchronized with a clear and
understandable strategic mission.
Second, we must grow the
economy. Our defense capability
improved radically in the last 30
years without a great leap in
expenditures as a percentage of
GDP, simply because GDP grew
at such a rapid clip. But unless we
continue to expand the pie, there
will be fights over the size of the
slices. A healthy economy is the
best national-security measure of
all.
— Victor Davis Hanson is a
senior fellow at the Hoover
Institution and a recipient of the
2007 National Humanities Medal.
Victor Davis Hanson
E-reader News Edition
A Poor
START
Submitted at 11/22/2010 11:00:28 PM
The case for New START is so
weak that we’d better hope the
fate of the planet doesn’t hinge on
it.
S ometime after the Democratic
losses in the midterm elections, a
funny thing happened to the New
START treaty. It became a matter
of extreme urgency.
Secretary of State Hillary Clinton
called the treaty with Russia a
matter of “life and death.” A lefty
group cut a “Daisy ad” showing a
girl counting flower petals until
she’s rudely interrupted by a
thermonuclear blast — evidently
caused by the failure to ratify
New START.
#ad#It’s undoubtedly a time of
nuclear angst, but Moscow
doesn’t have much to do with it.
Pyongyang just revealed a vast
new uranium-enrichment plant.
North Korea’s nuclear program is
truly a problem from hell. It’s
much easier to execute a
pantomime of high-stakes Cold
War diplomacy with the Russians
and claim to have saved the
world.
In his weekly address, Pres.
Barack Obama implicitly
acknowledged the reflexive nature
of the deal. “Since the Reagan
years,” Obama said, “every
president has pursued a
negotiated, verified arms-
reduction treaty.” And every one,
POOR page 84
E-reader News Edition Politics-Right/ 83

Beware of Greeks Bearing Gifts

Sally McNamara (The Foundry: This request must have come as and there are real concerns that
Conservative Policy News.) quite a shock to the Czechs, who the Treaty will limit the U.S.’s
Submitted at 11/23/2010 12:00:17 PM only a year-ago received a options on missile defense(and
midnight phone call from the thereby NATO’s options too).
Posted November 23rd, 2010 at President to tell them they’d been When the new Senate
1:00pm in American Leadership dropped like a hot brick from the reconstitutes in January there will
Print This Post previous Administration’s missile be plenty of time for the Foreign
Speaking to the media this defense plans. It also seems Relations Committee to
weekend, Secretary of State incongruous to the high-handed reconsider the matter and
Hillary Clinton told CBS’s Bob way in which this Administration investigate exactly whether the
Schieffer that at NATO’s Lisbon has treated Central and Eastern Treaty genuinely does serve U.S.
Summit this weekend, many Europe in general. First there was and allied interests. It is worth
E u r o p e a n s t a t e s i n c l u d i n g the reset with Russia that saw off waiting these few short weeks for
Germany, Poland and the Baltic the Third Site missile defense the newly-elected Senate to
s t a t e s h a d p r e s s e d t h e installations in Poland and the execute its constitutionally-
Administration on the ratification Czech Republic. Then there was mandated duty to genuinely offer
of New START. the callous disregard for the its advice and consent on such an
During one of the summit’s many official ceremonies marking the important issue—and with the full
news conferences, President 20th anniversary of the fall of the facts before it.
Obama also stated, “Unprompted, Berlin Wall—where Russia was This entry passed through the
I have received overwhelming better represented than the Full-Text RSS service — if this is
support from our allies here that Americans. The White House your content and you're reading it
Start — the New Start treaty — is didn’t even initially acknowledge on someone else's site, please read
a critical component to U.S. and the invitation from the Polish our FAQ page at fivefilters.org/
European security.” However, government to attend the 70th As a member of the NATO invocation of Reaganism in content-only/faq.php
Czech defense minister, Alexandr anniversary commemoration of alliance, U.S. Senators have an support of New START, the Five Filters featured article:
Vondra revealed that it was the the Nazi invasion of Poland—and obligation to consider the interests Administration’s Damascene-like Beyond Hiroshima - The Non-
other way round; in fact, the scurried to send a low-ranking of its allies when making c o n v e r s a t i o n s a p p e a r m o r e Reporting of Falluja's Cancer
Administration had asked their official once the snub became decisions on international opportunistic than genuine. Catastrophe.
Central and Eastern European public. And Poland and several security. However they should The Administration’s desperation
allies to lobby for the Treaty. He others still await acceptance in to take the Administration’s new to push through New START in
stated: “Throughout the summit, the U.S. Visa Waiver Program, found enthusiasm for Central and the lame duck session of Congress
there was intense lobbying by the despite massive support for the Eastern Europe’s endorsement smacks of opportunism too. It has
administration to win support for U . S . - l e d w a r s i n I r a q a n d with a pinch of salt. Somewhat not released the negotiating record
the ratification process.” Afghanistan. like Secretary Clinton’s recent of the U.S.-Russian deliberations
84 Politics-Right/
Louisiana Senators to Interior Secretary: End
Drilling Permit Logjam
Camilo Rodriguez (The
Foundry: Conservative Policy
News.)
Submitted at 11/23/2010 2:00:36 PM
Posted November 23rd, 2010 at
3:00pm in Energy and
Environment Print This Post
Interior Secretary Ken Salazar
traveled to Louisiana on Monday
to meet with oil and gas
executives whose industry has
been suffering from a “de facto”
drilling ban since the
government’s moratorium was
lifted. Both of the state’s senators
said Salazar failed to adequately
address the core issues causing
the logjam.
Salazar’s trip to Houma to meet
with industry leaders was made in
exchange for Sen. Mary
Landrieu’s (D-LA) lifting of her
hold on Jack Lew, President
Obama’s nominee to head the
Office of Management and
Budget. The state’s other senator,
David Vitter (R-LA), told Salazar
that the Obama administration
needs to resolve at least a few big-
picture issues to end the logjam
on Gulf drilling permits.
Vitter spoke on the phone with
Salazar Saturday and sent a letter
Sunday to lay out specific
regulatory issues that he said need
to be resolved so permits can
again be issued at their pre-
moratorium levels. Among the
unresolved regulatory issues
Vitter mentioned: the staffing of
the U.S. Bureau of Ocean Energy
Management, Regulation and
Enforcement, the agency that
issues drilling permits; developing
regulatory certainty and defining
rules; and shifting the focus from
shallow water permits solely to
both shallow and deepwater
permits.
After meeting with Salazar,
industry executives were not
pleased by what they heard. James
Noe, general counsel of Hercules
Offshore Inc. and director of the
Shallow Water Energy Security
Coalition, told reporters, “The
only commitment we received
from the secretary is that he’s
going to meet with us again in
December.”
More than a month has passed
since the Obama administration
lifted the six-month deepwater
E-reader News Edition
POOR
continued from page 82
he noted, has gotten more than 85
votes in the Senate.
This is selective history. The
But we heard none of that – Senate refused to ratify the Salt II
absolutely nothing. treaty signed by Jimmy Carter in
I told the secretary that this 1 9 7 9 , a n d i t r e j e c t e d t h e
permit logjam had to change – Comprehensive Test Ban Treaty
this vital industry is virtually shut in 1999. If Obama is going to get
down. New START — his sudden rush
In a statement released after the obviously has to do with avoiding
meeting, Landrieu expressed six more Republican senators next
“disappointment” that Salazar did year — he’ll have to do it through
not outline steps to lift the “de persuasion rather than sheer
facto” moratorium. assertion.
Salazar said, “We will continue The case for New START is so
to work with the industry and weak that we’d better hope the
stakeholders to provide certainty fate of the planet doesn’t hinge on
a n d e n s u r e t h a t e v e r y o n e it. It places a limit on strategic
understands the rules of the road.” warheads of 1,550, and a limit on
He also agreed to Vitter’s request deployed delivery vehicles —
to follow up on the discussions missiles, bombers, submarines —
and suggestions made Monday at 700. Even in theory, this isn’t
drilling moratorium, but few
and meet again in Washington, much of a cut in warheads. Under
permits have been issued since the 2002 Treaty of Moscow,
D.C., with industry leaders.
then, thanks to stringent permit
Unless Salazar addresses these Russia and the United States had
requirements. The ban was
regulatory issues, permit issuance already agreed to arsenals of
imposed as a safety and
will not reach its previous rates 2,200 to 1,700 each.
environmental precaution after the
anytime soon and the Gulf Coast Here’s the catch: The Russians
Deepwater Horizon oil spill, but
economy will continue to suffer. a r e a l r e a d y b e n e a t h 7 0 0
has come under growing
This entry passed through the launchers. The aging of their
skepticism after the Interior
Full-Text RSS service — if this is arsenal, coupled with economic
Department’s inspector general
your content and you're reading it constraints, means that they aren’t
concluded that a drilling safety
on someone else's site, please read g o i n g h i g h e r r e g a r d l e s s .
report made it falsely appear that
our FAQ page at fivefilters.org/ Effectively, New START only
the moratorium was supported mandates cuts on us, and we make
content-only/faq.php
and peer reviewed by scientists
Five Filters featured article: concessions to the Russians for
and other experts.
Beyond Hiroshima - The Non- the privilege. This is classic
Vitter expressed frustration for
Reporting of Falluja's Cancer Obama chump diplomacy.
the lack of progress from The preamble of the treaty notes
Catastrophe.
Salazar’s meeting: “the interrelationship” between
All of us from Louisiana hoped offensive arms and defenses. Prior
to hear some new policy, some to the signing of the treaty,
permitting breakthrough, maybe a Russia’s foreign minister Sergei
handful of new permits approved.
POOR page 87
E-reader News Edition Politics-Right/ 85

Oil Producers Bullied

Tait Trussell (FrontPage federal auditors at oil companies
Magazine » FrontPage) to check correct counting. But to
Submitted at 11/22/2010 10:43:18 PM be sure government gets every
dime owed, Gould has hired 19
Department of Interior officials more auditors, bring the total to
seem to take sadistic pleasure in 164. Previously, only the big
badgering oil companies. The companies faced audits. The total
latest example involves a new ONNR employees will number
agency created to levy untold
millions of dollars in fines if
600.
The disdain for oil companies, of
Al Gore’s
companies don’t kowtow to the
new bureaucracy. The agency’s
head gave the tasteless warning:
course, comes from the top.
Obama has made clear he can’t
stand profit-making, especially by
Green
“If they cut corners they could
end up paying enough to quickly
oil companies. It’s a case of
trickle-down hate. It dripped
Blasphemy
take care of the federal deficit.” down to Interior Secretary Ken Rich Trzupek (FrontPage
The oil industry now pays $37 Salazar during the Gulf oil spill Magazine » FrontPage)
million a day in royalties. That’s last spring. That’s when Salazar Submitted at 11/22/2010 10:45:17 PM
over $13 billion a year for our promised that the Administration
near empty U.S. Treasury and would “ keep its boot on the Back in 1994, vice-president of
other state and special accounts. throat” of energy giant British the United States Al Gore cast the
The comment about collecting t h e n e w O f f i c e o f N a t u r a l overall reorganization.” Just to Petroleum until the oil gusher tie-breaking vote that started us
royalties enough to pay off the Resources Revenue (ONRR). It is m a k e s u r e t h e r e ’ s e n o u g h stopped and the spill was cleaned on the long road of taking
federal deficit might have been one of three agencies that will bureaucracy, three agencies will up. American farms out of food
said in jest. But petroleum replace the Minerals Management replace one. In the period during which production and converting them to
officials aren’t laughing. Allison Service (MMS), which was The Office of Natural Resources S a l a z a r h a d i m p o s e d a fuel production. While
Nyholm, a royalty expert and blamed for being too chummy Revenue opened its Denver office moratorium on drilling in the Gulf conservatives and libertarians
policy adviser at the American with the energy industry in its Oct. 1 where it will use new of Mexico, the Interior Secretary argued at the time that subsidizing
Petroleum Institute told me: “We royalty collection operation. The computer facilities to assure that continued his brazen talk. “We ethanol production made no
want a positive approach, not an new ONRR will collect and government gets what it’s owed, will only lift the moratorium economic or environmental sense,
adversarial process. There’s a lot disburse energy-produced revenue Director Gould commented. when I, as Secretary of Interior, Gore and his green allies were
of discretion in how fines are from federal and American Indian Energy royalties are collected like am comfortable that we have certain that bio-fuels would solve
imposed. It’s really in the best lands onshore and from the U.S. income taxes. Companies self- significantly reduced those risks. all the nation’s woes. Sixteen
interest of the companies to Outer Continental Shelf offshore. report what they owe. So the moratorium dragged years later, Mr. Gore has
expedite payments.” In announcing the new agency, In the past, a few companies have on–hurting jobs, drilling, and apparently seen the light,
The sadistic jokester at Interior is Interior Secretary Ken Salazar cheated—just as some taxpayers tourism. admitting that America’s rush to
Gregory J. Gould, new director of called it “a major step in our do. The big oil companies have embrace corn ethanol has been
something of a mistake.
Here is what Vice President Al
Gore had to say about his role in
subsidizing ethanol, while
speaking at the Farm Journal

GORE’S page 87
86 Politics-Right/ E-reader News Edition

Debbie Schlussel Stands Up for Persecuted Christian

Teachers – in America
Jamie Glazov (FrontPage deceased Hezbollah spiritual
Magazine » FrontPage) leader Mohammed Hussein
Submitted at 11/22/2010 10:40:32 PM Fadlallah, made sure that the
teachers were repeatedly
Frontpage Interview’s guest scheduled for two classes at the
today is Debbie Schlussel, a same time at opposite ends of the
conservative political school, and he recruited Muslim
commentator, radio talk show students to harass and report on
host, columnist, and attorney. the teachers, as well as
Visit her website at deliberately assigning them the
debbieschlussel.com. w o r s t
FP: Debbie Schlussel, welcome students—troublemakers—repeat
to Frontpage Interview. edly encouraging them to harass
You have recently launched a these two teachers.
federal lawsuit against Imad The teachers are both award-
Fadlallah, a Muslim individual winning teachers, but as part of
who was, until July, the principal Mr. Fadlallah’s harassment of
of Dearborn’s Fordson High them, he and other school
School. personnel under his domain gave
Tell us what the lawsuit is about. the teachers negative reviews and
Schlussel: Two teachers at clear that the harassment was giving students the day off and reports in their records. Mr.
Dearborn’s Fordson High School, brought because these teachers are extra credit to campaign against Purcell also has Type I Diabetes
Bryan Purcell and Georgene Christians and not Muslims and Christian candidates on Election and, as part of the harassment
S t e r g a l a s , w e r e r e p e a t e d l y because the principal wanted to Day and temporarily canceling the against him, he was repeatedly
harassed by the then-Muslim replace Christian teachers with prom because it is unIslamic. The told he could not take time out to
principal Imad Fadlallah. (He has teachers who are Muslims, Arabs, school football team also illegally give himself necessary shots and
since been replaced by another or Arab Muslims. engages in organized Islamic the school deliberately scheduled
Muslim principal.) As we’ve Fadlallah has used this tax- prayer before football games. As classes when he was medically
n o t e d i n t h e p r e s s r e l e a s e funded public school to push we noted in the lawsuit, Fadlallah, required to eat and take shots.
announcing the lawsuit, it was Islamic extremism, including who is a cousin of recently-
E-reader News Edition
GORE’S
continued from page 85
conference back in 1998:
I was also proud to stand up for
the ethanol tax exemption when it
was under attack in the Congress
— at one point, supplying a tie-
breaking vote in the Senate to
save it. The more we can make
this home-grown fuel a
successful, widely-used product,
the better-off our farmers and our
environment will be.
Contrast that with what the vice-
president is quoted as saying in
this report from Fox, statements
he made while he was attending a
recent green energy conference
held in Athens, Greece:
It is not a good policy to have
these massive subsidies for first-
generation ethanol. First-
generation ethanol I think was a
mistake. The energy conversion
ratios are at best very small. One
of the reasons I made that mistake
is that I paid particular attention to
JIM
continued from page 80
contrast, boondoggles requiring
absolutely nothing of their
beneficiaries are just dandy in
Clyburn’s eyes. In 2006 he voted
Yes on a $70 million amendment
to fund 10,000 Section-8 housing
vouchers. Two years after that, he
voted in favor of yet another
spending bill to revitalize public
housing – despite the fact that the
U.S. already had more than 80
federal housing programs
operating on an annual budget
exceeding $30 billion.
the farmers in my home state of
Tennessee, and I had a certain
fondness for the farmers in the
state of Iowa because I was about
to run for president. The size, the
percentage of corn particularly,
which is now being (used for) first
-generation ethanol definitely has
an impact on food prices. The
competition with food prices is
real.
While it’s nice to hear that the
hero of the environmental
movement has embraced reality,
Gore’s conversion has come far
too late. When Gore cast his
critical vote in 1994, the bio-fuels
industry produced about 1.4
billion gallons of ethanol each
year from less than fifty plants.
Sixteen years later, as a direct
result of government subsidies
and tax breaks, over a hundred
new corn ethanol plants have been
built and the amount of ethanol
Just as Clyburn is willing to
funnel billions of other people’s
dollars toward redistributive
welfare and public-housing
initiatives, so is he ever-eager to
pour rivers of cash into a public-
education system that has scarcely
proven to be worth its weight in
dirt. In 2007 he voted in favor of a
bill – stuffed with more than
2,200 earmarks totaling nearly $1
billion, and funding nearly five-
dozen programs that were
duplicative or had proven
produced in the United States has
increased by almost an order of
magnitude, topping 10.5 billion
gallons in 2009. Private investors
have invested tens of billions of
dollars to build today’s massive
corn ethanol infrastructure and the
government has invested tens of
billions more to ensure that it
remains in place. Had Gore faced
facts in 1994, the public and
private sectors could have used
those funds more wisely and more
profitably elsewhere. But now?
Having made this huge
investment, the pain of admitting
defeat, suffering our losses and
walking away from corn ethanol
may be too much to bear.
ineffective – allocating an
additional $10.2 billion to federal
education and HHS projects. Two
years later, he voted Yes on a
proposal to spend $40 billion for
the modernization, renovation,
and repair of “green public
schools.” Every year since 2005,
Clyburn has received a perfect
rating from the National
Education Association, the largest
American labor union, the leading
engine of leftist indoctrination in
the public schools, and a major
POOR
continued from page 84
Lavrov said the linkage “is legally
binding.” The Russians want to
leverage the treaty into a de facto
limit on our defensive
capabilities, and given the Obama
administration’s attenuated
commitment to defenses, the
Russian tack is a shrewd one.
The Russians negotiated well.
The treaty removes the limits of
the old START treaty on how
many warheads can be placed on
a missile, and it counts a bomber
as one weapon no matter how
many warheads are loaded on it.
The Russian press has reported
that these rules will allow the
Russians to retain hundreds more
strategic warheads than the
technical limit.
Our verification regime with the
Russians ended with the
expiration of the old START
treaty last December. The
administration did not get a
funder of Democratic candidates
and causes.
By Clyburn’s reckoning, only the
enlightened Washington elite are
qualified to determine how
American children ought to be
educated. Thus in 1997 the
congressman voted against
permitting certain federal
education funds to finance
vouchers that would enable low-
income families to send their
children to private schools rather
than to dismal, failing public
87
temporary extension with the
Russians, and now argues that the
verification gap means we must
ratify New START posthaste. But
the verification provisions of the
new treaty are weaker than those
of the old, and the administration
could always seek new ones via
an executive agreement.
In the final analysis, the
administration wants the treaty
because it thinks it makes the
Russians feel good and fosters a
“reset.” The benefits of reset are
overrated, though. Yes, the
Russians voted for the fourth
round of U.N. sanctions against
Iran, but only after watering them
down along with the Chinese.
They have made it clear they
won’t support more stringent
sanctions outside the U.N.
If Obama wants to butter up
POOR page 88
schools. The following year,
Clyburn again voted against
federally funded vouchers for
impoverished children in
Washington, DC, a city whose
schools are the very embodiment
of fiscal waste and academic
incompetence.
88 Social Media/
POOR
continued from page 87
Russian president Dmitry
Medvedev and his countrymen,
surely there are easier ways than
with a flawed arms-control treaty.
Maybe a bow is in order?
— Rich Lowry is editor of
National Review. He can be
Foursquare Takes on the TSA With
“Baggage Handler” Badge
Brenna Ehrlich (Mashable!)
Submitted at 11/23/2010 2:05:43 PM
First Loopt, now Foursquare —
starting today, the location-
sharing service will award a
badge to anyone who checks in at
an airport with words along the
lines of “TSA,” “touch,” or
“Don’t touch my junk!”
Last week, Loopt announced its
intentions to celebrate National
Opt-Out Day by rewarding 10
travelers who opt out of body
scans in favor of full-body pat-
downs (and then check in via
Loopt, of course) with a free iPod
touch.
National Opt-Out Day is a protest
planned by those who are against
the TSA’s new security measures,
which include full-body scanners
reached via e-mail,
comments.lowry@nationalreview.
com. © 2010 by King Features
Syndicate. Rich Lowry
According to About Foursquare,
the unlock text reads: “Looks like
you’ve had your baggage handled.
Happy Holidays and have a safe
flight!”
Despite how adorable (yet kind
of sexist — why is it a dude?) this
badge is, I can’t help being
relieved that I’ll be taking the bus.
More About: baggage-handler,
foursquare, national-opt-out-day,
tsa
For more Mobile coverage:
(which show passengers fully
• Follow Mashable Mobile on
naked) and invasive pat-downs
Twitter
administered to those who opt out
• Become a Fan on Facebook
of the scans. It’s scheduled to go
• Subscribe to the Mobile channel
down tomorrow — a.k.a. the day
• Download our free apps for
before Thanksgiving — when
iPhone and iPad
airports are sure to be bustling.
Now it seems Foursquare wants
its piece of the parody pie.
E-reader News Edition
Skype Hits New Usage
Record
Adam Ostrow (Mashable!)
Submitted at 11/23/2010 2:08:20 PM
With an IPO looming, Skype is
touting a major new milestone: 25
million concurrent users. The
number was reached on Monday
for the first time, and the
company says it represents a new
all-time high. an impressive clip, including deep
To put that in some perspective, integration with Facebook and
Verizon Wireless, the largest continued expansion to new
mobile carrier in the U.S., serves mobile handsets (there was even a
a little more than 100 million rollout on a number of Verizon
customers. phones earlier this morning).
Skype breaks out a couple of More About: Skype
other stats in its announcement, For more Tech coverage:
including that through the first six • Follow Mashable Tech on
months of 2010, 40% of Skype-to Twitter
-Skype minutes utilized video, not • Become a Fan on Facebook
too surprising given the • Subscribe to the Tech channel
innovations the company has been • Download our free apps for
working on in that area. iPhone and iPad
Overall, Skype has been adding a
variety of major new features at
E-reader News Edition Social Media/ 89

3 Incredible Social Good Champions [Mashable Awards]

Sarah Kessler (Mashable!) agent,” as they defined it, is a donation or how efficiently it was and performances from our
Submitted at 11/23/2010 2:26:34 PM “person who is passionate about a used. When they give to charity: partner Cirque du Soleil
social cause, but is working water, they can look up a picture Zumanity. In addition, there will
As part of the ongoing Mashable o u t s i d e o f a n o n p r o f i t and GPS coordinates of the be special guest presenters and
Awards, we’re taking a closer o r g a n i z a t i o n t o o r g a n i z e , by Ben Rattray in 2006, helps project they contributed to. Since appearances.
look at each of the nomination mobilize, raise money, and solve both. the organization relies on private Date: Thursday, January 6th,
c a t e g o r i e s . T h i s i s “ M o s t engage with others.” Using social The site has more than 100 donors for the money that makes 2011 (during International CES
I n f l u e n t i a l S o c i a l G o o d media tools, free agents are able writers who contribute in-depth it run, there’s no doubt about Convention week)
Champion” supported by Yahoo!. to make an impact that was once reporting on 15 different causes. whether your donation ended up Time: 7:00 – 10:00 p.m. PT
Be sure to nominate your o n l y c a p a b l e w i t h i n t h e When people come to the site to paying for somebody’s flight Location: Cirque du Soleil
favorites and join us for the Gala infrastructure of an organization. read about a cause they’re instead of funding a water project. Zumanity, New York New York
in Las Vegas! We’ve covered a number of free passionate about, they also have The organization even covers its Hotel, Las Vegas
Social Good is a brand new form agents who had influence this the opportunity to take action PayPal fees on donations. Agenda: Networking, Open Bars,
of online giving that draws both year. Individuals like Shawn toward that cause by signing This model of transparency and Acts, Surprises and the Mashable
from small non-profits and large Ahmed, who posts YouTube petitions. While these cumulative accountability has created trust Awards Gala presentations
b r a n d c a u s e - m a r k e t i n g videos about poverty in actions lack the drama of a and helped raise more than $20 Socialize: Facebook, Foursquare,
c a m p a i g n s . B u t l i k e a n y Bangladesh; Mark Horvath, who p r o t e s t , m o b i l i z i n g a l a r g e million for 3,196 projects in the Meetup, Plancast,
burgeoning movement, social gives homelessness a voice network toward one specific past four years. We hope that its T w i t t e r ( H a s h t a g :
good requires champions to bring through his We Are Visible and action has proved a lot more success will influence other non- # M a s h a b l e A w a r d s )
it to the public and promote its Invisible People projects; and effective than a hodgepodge of profits to do the same. What’s Mashable Awards Category
growth. even Dan Savage, who launched independent actions. Your Pick? Sponsor:
W h i l e “ s o c i a l g o o d ” a n d the It Gets Better Project in Change.org has partnered with Who were your social good Yahoo! is an innovative
“ i n f l u e n c e ” m a y n o t h a v e September to support gay teens thousands of non-profits, and champions this year? Let us know technology company that operates
absolutely concrete definitions (is who face adversity. together the community has in the comments or nominate the largest digital media, content,
influence based on Twitter Kanter, a free agent herself, has accomplished more than 100 them for a Mashable Awards. The and communications business in
followers? Raising the most played an influential role in “victories,” in which they’ve Mashable Awards Gala at Cirque the world. Yahoo! keeps more
money?), it is easy to see when an helping non-profit organizations changed an unjust practice, law or du Soleil Zumanity (Vegas) than half a billion consumers
individual has taken on the cause accept and cooperate with these policy. The organization connects In partnership with Cirque du worldwide connected to what
of social good to create some real social media-powered activists. activists with similar passions, Soleil, The Mashable Awards matters to them most, and delivers
change. Among her efforts, she facilitated and by doing so it gives them Gala event will bring together the powerful audience solutions to
Even though the exact parameters a conversation at the State power as a cohort that they would w i n n e r s a n d n o m i n e e s , t h e advertisers through its unique
are a subjective call, we scoured Department’s Tech@State Civil never have as individuals. 3. Scott Mashable community, partners, combination of Science + Art +
the web for three social good Society 2.0 event about how non- Harrison, Founder of Charity: media, the marketing community, Scale. Yahoo! is headquartered in
activists who are using their skills profits and free agents can work Water consumer electronics and Sunnyvale, California. For more
t o c r e a t e c h a n g e . W e ’ v e together. Charity: water uses 100% of technology brands and attendees information, visit the company’s
highlighted three individuals who 2. Ben Rattray, Founder and CEO public donations to fund water from the 2011 International CES blog, Yodel Anecdotal.
are utilizing social media and of Change.org projects and is transparent about Convention to Las Vegas on Image courtesy of iStockphoto,
online campaigns to shape the There are two hurdles that almost how donations are used. Both of Thursday, January 6, 2011. RichVintage
way that we think about activism. every cause campaign struggles these qualities make it somewhat Together, we will celebrate the More About: Ben Rattray, Beth
1. The Free Agent with. The first is making the of an oddball in the non-profit winners and the community of the Kanter, change.org, charity:
Beth Kanter and Allison Fine complexities and realities of its world — which might be exactly Mashable Awards at the Cirque water, Invisible People, it gets
defined the concept of the “free cause understood. The second is what the non-profit world needs. du Soleil Zumanity stage in the better, List, Lists, Mark Horvath,
agent” this year in their book, The mobilizing people effectively. When people donate money to beautiful New York New York
Networked Nonprofit. A “free Change.org, which was founded most organizations, they’re not Hotel. The event will include acts INCREDIBLE page 90
sure what happens to their
90 Publishing/ Finance/
INCREDIBLE
continued from page 89
mashable awards, mashable
awards 2010, Scott Harrison,
Shawn Ahmed, social good,
uncultured, we are visible
For more Social Good coverage:
• Follow Mashable Social Good
on Twitter
• Become a Fan on Facebook
Thanksgiving Read For A Cause: Celebrity Chef
Eric Ripert
scribd (The Scribd Blog)
Submitted at 11/22/2010 3:48:37 PM
November 22, 2010
“The importance of reading, for
me, is that it allows you to dream.
Reading not only educates, but is
relaxing and allows you to feed
your imagination – creating
beautiful pictures from carefully
chosen words.” — Eric Ripert,
featured reader
Last week we announced our new
Read For A Cause program,
which aims to leverage the
popularity of social networking
and influential individuals to
combat illiteracy. Our featured
reader at launch was author and
philanthropist Deepak Chopra,
and this Thanksgiving week we
are highlighting Michelin Star-
rated celebrity chef and TV host,
Eric Ripert.
• Subscribe to the Social Good
channel
• Download our free apps for
iPhone and iPad
As a citizen of the world, Eric
understands the value of caring
for one another — whether it’s
cooking a meal or helping a child
learn to read. Born in Antibes,
France, Eric soon moved with his
family to Andorra, a small
country over the Spanish border,
where he was exposed to a variety
of cuisines and endowed with an
understanding of our
interconnectedness. By age 17,
Eric’s cooking took him to Paris
where he studied under the
legendary La Tour D’Argent,
followed by the Watergate Hotel
in Washington, D.C., and then
back to New York where he
assumed his current position as
the chef for Le Bernardin.
When explaining why he chose to
participate in Scribd Read For A
Cause, Eric cites the following
quote from the Dalai Lama:
I pray for all of us, oppressor and
friend, that together we succeed in
building a better world through
human understanding and love,
and that in doing so we may
reduce the pain and suffering of
all sentient beings.
Through hard work and
painstaking care, Ripert has
firmly established himself as one
of New York’s—and the
world’s—great chefs, winning
Michelin stars, Bon Appétit
awards and countless appearances
on television shows including
Bravo’s Top Chef, the Late Show
with David Letterman, and his
new PBS series, AVEC ERIC. It’s
Eric’s work as the chair of City
Harvest’s Food council and
charity work, however, that most
beautifully translates his passion
for cooking into something
meaningful for those less
fortunate. It is this same belief in
the power of art to enact change
with which Eric joins Scribd Read
For A Cause.
Happy Thanksgiving!
Kathleen Fitzgerald, Senior
Content and Marketing Manager
(currently reading “ Flavorful
Thanksgiving Dinner Recipes“)
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E-reader News Edition
How Your View of Client
Eastwood Can Help You
Pick the Right
Investments
(Financiallyfit on Shine)
Submitted at 11/23/2010 7:19:07 PM
How Your View of Clint
Eastwood Can Help You Pick the
Right Investments
Simple, Easy Investing Using an
Age-Based Portfolio Strategy
By: David Young
Everything changes as you get
older. And while few of us look
forward to the downsides of aging
- the joys of belly fat, wrinkles,
thinning hair, and so on - one of
the big upsides of getting older is
gaining the wisdom and
experience you just can’t acquire
any other way.
Your investment portfolio gets
older, too. But unlike our
waistlines, we actually want our
portfolio to grow over time. And
taking an age-based strategy with
your portfolio is a simple
approach to managing your
investments effectively over the
long-term.
Start Early and Keep the Ball
Rolling
HOW page 91
E-reader News Edition
HOW
continued from page 90
The secret of investing isn’t
much of a secret at all - start early
and invest regularly. The earlier
you get started, the more time
your money has to grow. Ideally,
as soon as you have a regular
income, you should try to reserve
at least 10 percent of each
paycheck toward savings and
investments (and taking full
advantage of your employer’s
401(k) match, if available, is a no-
brainer). If you can’t manage to
do that, you may be living beyond
your means.
Have I Got a Deal for You!
OK, let’s assume you’re living
within your means, regularly
contributing to a savings account
and you’ve accumulated a couple
thousand dollars that you’re ready
to invest. As soon as you have
even the smallest pile of money,
the salespeople start to come out
of the woodwork - and all of them
have the best investment for your
personal situation. The lowest
fees, highest return, lowest risk
and best customer service. And if
you act now you get a free mouse
pad!
Be very wary of the hype,
especially coming from anyone
with a commission riding on it.
And contrary to what the experts
will tell you, you can manage
your portfolio yourself. One of the
easiest ways to do so is by taking
an age-based portfolio approach.
Simply put, this strategy
associates your age bracket with a
target asset allocation (proportion
of stocks, bonds and cash). Let’s
take a closer look.
I’m a 20-Something, Where Do I
Put My Money?
For those of you who don’t wear
watches, who prefer texting to
email and who think of Clint
Eastwood as a kindly old movie
director, you’re probably a 20-
something and stocks should
make up the majority of your
portfolio. Stocks are considered
(especially in the short-term with
market ups and downs) higher
risk investments than bonds or
cash equivalents (like savings
accounts, CDs and 30-day
Treasury bills). Over the long-
term, though, stocks have
historically outperformed all other
investments. So if you’re in your
20s, a portfolio made up of mostly
domestic stocks is a good place to
start.
One warning: keep your stock
investments diversified by buying
into mutual funds or exchange-
traded funds (where the price
reflects a large basket of stocks)
instead of just picking individual
stocks to invest in. Unless you’re
looking into a career as a
stockbroker, I’m guessing you
don’t want to spend most of your
free time analyzing balance
sheets, price-earnings ratios and
future outlooks of dozens of
companies.
I’m in My 30s, What About Me?
If you wear a watch as an
accessory, you don’t like to text
as much as you used to and you’re
vaguely aware Clint Eastwood
used to be an actor, you should
begin to move your portfolio
toward a mix of stocks, bonds and
cash equivalents - especially as
you near the big 4-0. Always
remember that the closer you get
to retirement, the less short-term
risk your portfolio should have.
And since bonds and cash
equivalents are less risky
investments, as the years pass, the
bond + cash proportion of your
portfolio should grow over time.
That said, though, in your 30s the
majority of your portfolio should
still be in stocks.
For the Over-40 Crowd
If you actually use a watch as a
timekeeping device, you accept
texting as an unfortunate part of
life and you can remember when
Clint Eastwood was Dirty Harry,
most likely you’re in your 40s.
Bonds and cash equivalents
should now become a larger part
of your portfolio, anywhere from
15 percent to 20 percent,
depending on how much risk you
want to take on.
Mid-Life and Retirement
If you feel naked without your
watch, you think texting is a
waste of time and you remember
when Clint Eastwood was a
hunky TV star on Rawhide, then
retirement is probably just around
the corner. Many investment
advisors recommend a 50/50
portfolio rule of thumb - meaning,
by the time you reach retirement
age, stocks should be about 50
percent of your portfolio with
bonds and cash making up the
other half.
The Caveats – One Size Does
Not Fit All
Below is a table summarizing an
age-based investment portfolio
approach. Years to Retirement
Stocks Bonds + Cash 25 years or
more 90% 10% 20 years 85%
15% 15 years 75% 25% 10 years
65% 35% 5 years 60% 40% At
retirement age 50% 50% 5 years
after retirement 35% 65% 10
years after retirement 30% 70%
A few things to keep in mind
about taking an age-based
approach to investing:
• Everyone’s risk tolerance is
different. If the short-term swings
of the market make you queasy,
you may prefer to have a higher
proportion of safer investments
(bonds and cash equivalents) in
your portfolio. The tradeoff is a
potentially lower return over the
long-term.
• It’s a long-term strategy. An age
-based approach assumes you
don’t jump in and out of
investments like a day trader. It
works best when you save and
invest on a regular basis and re-
balance your portfolio only when
you need to adjust your asset mix
to meet your target allocation.
• Diversification. We’ve
discussed a very basic, boiled-
down version of a portfolio, using
broad references to stocks and
bonds and cash equivalents. In
reality, there are countless stock
91
and bond investing options out
there. Do your homework and
make sure your investments
maintain a good level of
diversification, including stocks
of all capitalization levels (small,
mid and large) and a variety of
bonds (short-, mid- and long-
term). And stay away from any
bonds or bond funds below
investment grade (let the
speculators roll the dice with the
junk bonds).
There are few things as important
to you and your family’s well-
being as the active care and
maintenance of your investment
portfolio. And with regular,
consistent saving and investing,
an age-based strategy offers a
simple, practical way to manage
your money over the long haul.
For more tips and tools to help
you make the most of your
money, visit Quizzle.com and
follow Quizzle on Facebook.
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92 Finance/ E-reader News Edition

How to Avoid Online Holiday Shopping Pitfalls

(Financiallyfit on Shine) DealCoupon.com-- there are often Sometimes there’s a “restocking the condition and quality by MoneyTalksNews.com.
Submitted at 11/22/2010 8:13:46 PM codes for free shipping during the fee” and you won’t get a full asking questions and getting Plus:
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E-reader News Edition
TerreStar Genus now available to
anyone who wants one for just $1,150
Chris Ziegler (Engadget)
Submitted at 11/23/2010 3:27:00 PM
Just how much is the promise of
anywhere, anytime cellphone
reception worth to you? If you
answered "one thousand, one
hundred and fifty dollars," well...
your time has finally come. After
initially launching through
business channels alone for $800,
TerreStar's unique GSM / HSPA
Windows Mobile 6.5 smartphone
for AT&T with satellite
connectivity is now available to
consumers from all walks of life,
as long as you've got $1,149.99
lying around. The Genus features
Bluetooth, WiFi, GPS, a 2
megapixel camera, and pretty
Nintendo returning to CES after a 16-year absence
Vlad Savov (Engadget)
Submitted at 11/23/2010 2:57:00 PM
If there's one event that's immune
to being overhyped, it's the annual
January expo of everything
consumer electronics, known to
you and us as CES. The only
downer to this geek endurance
ACER
continued from page 93
also mighty glossy. If you've got a
light in the vicinity above you,
there's gonna be glare -- we saw it
on stage, and we just saw it now
in person. That said, the screen is
clear and the touch functionality
is pretty clever (five fingers open
much every other amenity you'd
expect form a circa-2008 WinMo
6.5 smartphone, with the obvious
exception that it can be used
anywhere you can see TerreStar's
test is that we've felt it's been
lacking a little on the gaming
front lately, which is why we're so
giddy to hear the news that
Nintendo will be rejoining the
ranks of exhibitors over in Las
Vegas in a few weeks' time. CES
2011 will be the first time in 16
years that the console sales leader
up a widget where you can scroll
through other touch-friendly
apps). The keyboard, on the other
hand, is pretty hard to use -- even
the rep admitted there's a learning
curve. You can't rest your fingers
down without hitting something,
Technology/ 93
satellite pretty much anywhere in
North America. Of course, we'd
be a little hesitant about buying a
four-figure phone that operates on
a bankrupt service, but if you
need coverage in the boondocks,
your options are pretty limited.
Follow the break for TerreStar's
full press release.
Continue reading TerreStar
Genus now available to anyone
who wants one for just $1,150
TerreStar Genus now available to
anyone who wants one for just
$1,150 originally appeared on
Engadget on Tue, 23 Nov 2010
15:27:00 EDT. Please see our
terms for use of feeds. Permalink|
Acer Iconia first hands-
TerreStar| Email this| Comments physical ACER
keyboard
page for
93 another
display -- but its LCD panels are
Ross
Acer'sMiller (Engadget)
dual-screen Iconia laptop
is bold, for sure -- eschewing a
America's biggest tech show, with returning to CES after a 16-year
our suspicion being that the event absence
will be used as an opportunity to Nintendo returning to CES after a
remind the world about the 16-year absence originally
upcoming 3DS handheld. Or to appeared on Engadget on Tue, 23
drop that Wii HD bombshell Nov 2010 14:57:00 EDT. Please
we've all been waiting for. Yeah, see our terms for use of feeds.
right! Permalink| | Email this|
has deigned to pitch up a stand at
Continue reading Nintendo Comments
of course. We managed to browse Continue reading Acer Iconia Permalink| | Email this|
to Engadget, but it took several first hands-on! (update: video!) Comments
tries. Check out the photos below! Acer Iconia first hands-on!
Update: Now with video! It's (update: video!) originally
after the break. appeared on Engadget on Tue, 23
Gallery: Acer Iconia first hands- Nov 2010 14:28:00 EDT. Please
on! see our terms for use of feeds.
94 Technology/ E-reader News Edition

Dell Inspiron Duo tablet /

netbook now on sale,
arrives December 15th
Laura June (Engadget) right this minute at Dell. Hit up
Submitted at 11/23/2010 2:31:00 PM the source if you care to, and
expect your shipment to arrive
We've seen so, so much of the around the 15th of December,
beautiful and crazy Dell Inspiron o n l y s i x d a y s t o o l a t e f o r
Duo tablet / netbook hybrid that Hanukkah. Full press release is
we must confess we might just below.
need one of our very own. If Continue reading Dell Inspiron
you're like us, then today is your Duo tablet / netbook now on sale,
lucky day, because this wild and arrives December 15th
crazy laptop (last spotted at the Dell Inspiron Duo tablet /
Microsoft Store) is now on sale at netbook now on sale, arrives
Dell. The 10-incher boasts a dual- D e c e m b e r 1 5 t h o r i g i n a l l y
core Atom N550 CPU, Windows appeared on Engadget on Tue, 23
7 Home Premium operating Nov 2010 14:31:00 EDT. Please
system, and some serious attitude. see our terms for use of feeds.
The Inspiron Duo has a starting Permalink| Dell| Email this|
price of $549, and you can order it Comments