Professional Documents
Culture Documents
com
Minerals agree that between significant increase in the amount for Consolidated Minerals was the were not). Consolidated Minerals JP Morgan’s Sydney Managing
October 2006 and January 2008, offered was an increase in the Ukrainian Bogolyubov, who is argues in its appeal brief that the Director Jon Gidney was asked to
the market capitalization of the price of manganese…” developing manganese production share price of a company always clarify why his bank believes it is
mining company jumped by $805 Consolidated Minerals argues in mines and refineries across the reflects its debt position, as well proper to claim duplicate or
million – from a starting point of support of the Hammerschlag world from Australia to Ghana as its income and other assets. So triplicate fees for the the services
$495 million to a closing point of decision that JPM had a duty to and Ukraine. But Bogolyubov for JPM to count its fee from the rendered in the Consolidated
$1.3 billion. But the dispute “assist the Company to achieve started buying shares of rise in the share price, and also Minerals case; and to explain how
between them which the court the highest Offer price, Consolidated Minerals well from the debt, “would be double he justifies fees for services that
must settle is when exactly the irrespective of who was bidding before the bidding contest started counting”, records the brief. appear to have ended in failure,
bidding process started, and when or when they bid.” The fee JPM and he joined it. JPM insists that Counting assets and liabilities on and for Bogolyubov’s success
JPM started earning the fees it is has called its Base Defence the $14 million Bogolyubov spent top of the share price, in order to which was guided by a rival bank
claiming. At stake was one of the Response Fee has been calculated on this 14.29% pre-bid stake boost the bank’s fee “would make at a significantly lower charge.
largest manganese mining as 0.75% of this added transaction ought to be counted as part of the a nonsense of the commercial Gidney declined to respond,
operations in the world with value, or 1% if the deal was transaction value on which its fees purpose of the definition of adding: “I don’t think there is any
almost 18 million tonnes of completed. On top, JPM is should be based. Hammerschlag Transaction Value.” purpose in having this
estimated reserves and resources demanding a 3% Incentive Fee; threw that out as an unearned. As for JPM’s claim to get paid discussion.” All JP Morgan’s
of manganese, a hardening alloy based on the formula of any JPM argued last week the judge multiple fees for the multiple bids Sydney spokesman Andrew
required by steelmakers. As steel increase in the Offer price up to had made a mistake, because the in the bidding contest, Donohoe would say after
prices shot up from 2006, 25% above the initial Offer, and final value of the transaction Hammerschlag called that Hammerschlag’s ruling was that
principally driven by China, so 5% of any increase in the Offer included the value push capricious and unreasonable. That “we believe there are strong
did manganese prices: price of more than 25% above the Boglyubov had originally given, conclusion “must be right,” grounds for appeal.”
In the middle of 2006, initial Offer. whether or not he intended at the Consolidated Minerals told the Gidney was questioned in court
Consolidated Minerals, thinking it That, Consolidated Minerals time to enter a bidding war. court, “otherwise it would be during the initial trial before
might become a takeover target, testified to the appeals court, “ is Consolidated Minerals told the entitled to as many …fees as there Hammerschlag. The transcript of
negotiated an agreement for JPM properly understood as a bonus appeals court that since there was were unsuccessful bidders, even what he said appears in the
to act as an adviser in relation to where J.P. Morgan did something no evidence of a link between the though the ‘defence’ failed submissions to the appeals court
“any actual takeover, merger, or above and beyond, namely, first share purchase by because the company was taken this past July. Gidney admitted
other business combination assisting Consolidated Minerals to Bogolyubov and his final and over. It would not matter how being worried that JPM’s fee
offers” which might materialize. get a particular bidder to offer a successful takeover bid, “the unrealistic those bidders’ failed demand might not be paid by
Many offers did. But higher sum than it was willing to connection was missing” between offers had been: J.P. Morgan Consolidated Minerals. He was
Consolidated Minerals has told pay in relation to its opening what happened, what JPM did, would get ‘a fee equal to 1.0% of then asked if his concern was
the court JPM “promised to do proposal. In the context of a and what it claimed it had earned. the proposed Transaction Value’ “whether or not JP Morgan had
very little…[Its promised] bidding war, it was a reward for Consolidated Minerals has also for each of them. There can be no really earned the fee as opposed to
services are essentially matters of keeping a particular bidder – the accused JPM of inflating its fee commercial justification for such there being a spike in the
analysis and advice. Notably, the one who ultimately wins – in the calculation by adding to the an outcome… It would be manganese price which had
Bank did not promise to try to process.” transaction value at the end of the commercially absurd for the Bank driven the share price up?”
organize an auction for the The bigger issue that has now takeover process $44 million in to double dip, picking both an Gidney replied: “Yes.” “And you
company or even to solicit any surfaced is whether JPM had a net debt which Consolidated Incentive Fee covering that were worried, were you not, that
offers.” duty according to its service Minerals was holding. Judge period, and also several Base JP Morgan might never get paid
As several bidders emerged to agreement with its client, and Hammerschlarg rejected that part Defence Response Fees triggered unless it sued?” “Yes.”
make counter-bids against each cannot later claim to earn an of JPM’s fee claim, saying it had by [Consolidated Minerals] board Join the conversation about this
other, and the share price of additional incentive fee for doing confused the fundamental recommendations to reject the story »
Consolidated Minerals rose, what it was already duty-bound to distinction between the company very offers which made the
Hammerschlag has ruled that “[at] do. (which was responsible for its Incentive Fee possible.” MORGAN page 5
least part of the reason for the The winner of the bidding match debts), and its shareholders (who Before Hammerschlag’s ruling,
4 Business/ E-reader News Edition
Street (GS, MS, JPM, HSBC, CS, BX) Filed under: Amazon.com
(AMZN), Technical Analysis
Courtney Comstock and Leah
Goldman (Business Insider) Amazon ( AMZN) may be an
online retailer, but it is a retailer
Submitted at 12/6/2010 2:35:41 PM nevertheless. A big one, in fact.
Consumers are increasingly essential concepts behind growth:
The most powerful person on turning to this site to make their
Wall Street is an elusive you might pay a premium today,
shopping chores a little easier, but you'll be paid back tomorrow
character. especially during the Christmas
Is it Blankfein? Doubtful. with capital appreciation.
season. With holiday buying in Continue reading Amazon: Still a
Is it the M&A all-star who full force, my mind turned to this
initiated the recent wave of hedge Buy?
particular stock. How is it looking Amazon: Still a Buy? originally
fund mergers? The wealth these days?
manager who's brought in 15 new appeared on BloggingStocks on
No, it isn't cheap. But while this Mon, 06 Dec 2010 15:20:00 EST.
clients this year? Now that's more equity can't necessarily be called
like it. Please see our terms for use of
one for the deep-value players out feeds. Read| Permalink| Email
Earlier this fall, we asked Bill there, growth investors want to
Ackman - who's the most this| Comments
know if it's okay to pay up for this
powerful person on Wall Street idea. After all, that's one of the
right now?
He didn't have an answer.
Tumblr has now MORGAN
"I don't think there are any most continued from page 3
nomination; nominations are Alternative Asset Management
powerful people left," he said.
"They are in hiding."
anonymous.
• Tell us all about your
• Mary Erdoes, CEO of Asset
Management, JPMorgan
been down for
But we think they're out there.
And if anyone's left, and if anyone
nomination - we love details.
• A good title does not equal
• Stuart Gulliver, Executive
Director and Chief Executive,
over 20 hours.
knows who they are, it's you guys. (Business Insider)
power. Global Banking and Markets and
So email us. We'll be taking
Global Asset Management, HSBC Submitted at 12/6/2010 2:42:44 PM
nominations for the most
Some people, like Jamie Dimon • Barbara Desoer, President Bank
powerful people on Wall Street Tumblr has now been down for
and Lloyd Blankfein, are obvious. of America Mortgage, Home
d u r i n g 2 0 1 0 a t over 20 hours.
So use these guys, who have Equity and Insurance Services
ccomstock@businessinsider.com, Join the conversation about this
already been nominated, as your • Heidi Miller, President of JP
lgoldman@businessinsider, or story »
guide: Morgan Chase International
katyawachtel@businessinsider.co
m.
• Stephen Trauber, Head of • Peter Kraus, Alliance Berstein
Energy Investment Banking, • Sallie Krawcheck, President of
Wootcast for 12/6/2010
The rules: Woot (Woot! - One Day, One though none of us is quite brave
Citigroup Global Wealth and Investment
• One nomination = 1 vote. We're Deal) or cool enough to don one. Still,
• Tom Hill, Vice Chairman, The Management, BAC
ranking everyone. isn't there room in the
Blackstone Group; President & Submitted at 12/6/2010 12:00:00 AM
• Nominations are not limited to marketplace for more than one
C h i e f E x e c u t i v e O f f i c e r , Join the conversation about this
bankers. The Woot podcast team kind of style of he-skirt?
B l a c k s t o n e M a r k e t a b l e story »
• You are not limited to one loves Seattle-based Utilikilts,
6 Business/ E-reader News Edition
The potential sales of the Phoenix Filed under: Sprint Nextel Corp
Coyotes, Toronto Maple Leafs, (S), Stocks to Buy Is the tide
and Buffalo Sabres are a hot topic starting to turn for much-maligned
at the NHL Board of Governors mobile phone service provider
meeting, being held today and Sprint Nextel ( S)? Perhaps, and becoming synonymous with
tomorrow in Palm Beach, Florida. the carrier is worth a review. 'dropped calls' and 'not in service
Matt Hulszier, a prospective First, the most important area.'
buyer of the Coyotes, already met warning: Sprint is a high-risk Continue reading Sprint Nextel:
with the board today and hopes to stock not suitable for low-risk or For High-Risk Investors, Only
complete a deal by the end of the like the Chicago Blackhawks who • Despite Rule Changes, NHL moderate-risk investors. Sprint Nextel: For High-Risk
year. were forced to jettison some of Concussion Rates Continue To Don't consider Sprint if you can't Investors, Only originally
An increase of the salary cap will their stars to stay under this year's Rise tolerate a more than 50-70% loss appeared on BloggingStocks on
also be discussed, and some salary cap. • Salary Cap Creates Profitability or seeing your entire investment Mon, 06 Dec 2010 15:40:00 EST.
reports suggest that it could be For more on the NHL, follow the Gap Among Teams wiped out -- it could happen. Please see our terms for use of
bumped another $2 million at the Sports Page > • Bill Guerin has announced his The gory story with Sprint has feeds. Permalink| Email this|
end of the season. Join the conversation about this retirement from the NHL. been well-documented: Sprint's Comments
That means the league is doing story » cell network underperformed, to
well financially, but it'd be a See Also: say the least, regarding call
tough pill to swallow for a team completions, with the company
frenzy from the tabloid press. "I'm just worried about keeping have eaten and run.
NEW YORK – Kate Gosselin is Now, single mom Kate and her my toes wiggling 'cause they're Fortunately, Sarah knows the CAIRO – Egypt's election
not a happy camper. kids just happened to be in Alaska freezing." show must go on. Minus the commission says the ruling party
On this week's edition of "Sarah taping one of her "Kate Plus 8" Sarah, daughters Piper and Gosselins, she settles the crowd has won a sweeping victory in
Palin's Alaska," she and her brood specials, which occasioned their Willow, husband Todd and other down for the night. parliamentary elections after the
make a much-anticipated guest guest spot with the Palins. family members seem to be "Well, I thought we were gonna two main opposition groups quit
appearance. But don't expect it to The first stop: Sarah takes Kate having a blast. So, for that matter, go camping with the Gosselins," the polls in protest of what they
reveal her inner Daniel Boone. to a bear safety class to prepare are Kate's youngsters. she says when it's all over, full of said was massive vote-rigging.
"How would you like to go her for their camping expedition. "The kids are having fun, so I'm glossy good cheer. "Turned out, Final results after runoffs on
camping with Kate and her eight On the road from Wasilla to the tolerating it, but this is my new we didn't. We had lunch with Sunday gave President Hosni
kids — that TV show you class in Anchorage, Sarah sort-of home," grumbles Kate, having them on a sand bar." Mubarak's National Democratic
watch?" Sarah Palin asks her jokes that, in case of a bear attack, sullenly planted herself, apart ___ Party 83 percent of the vote. If
daughter, Piper, at the start of the "You need a partner with you from the rest, beneath a tarp. "I TLC is a division of Discovery dozens of elected independents
episode. who's slower than you." am miserable, but, I mean, Communications Inc. join the NDP, as is expected, the
Piper squeals with delight at the "Oh, my gosh!" replies Kate, who somebody's got to be." ___ ruling party could end up in
idea of hanging with these stars of already was spooked by the bear Sarah, ever gung-ho, announces Online: control of around 96 percent of
another TLC series. rug in the Palins' home. "Sacrifice to the group, "This is the most http://www.tlc.com the legislature.
As things develop, the camping your friends?" luxurious camping spot I've ever ___ Mubarak's government carried
trip in the Alaskan wilds will be At the rifle range, she looks more seen!" EDITOR'S NOTE — Frazier out a heavy crackdown on its
no day at the beach for Kate. But miserable than she used to look Cut to Kate, who tells the Moore is a national television main opponents in the
it makes for a hilarious hour of with Jon. camera, "It just kills me that columnist for The Associated fundamentalist Muslim
Palin's show, which airs on TLC And that's only the beginning. people, like, willingly do this." Press. He can be reached at Brotherhood before the vote,
Sunday at 9 p.m. EST. The day of the camping trip, it's Soon everybody else is enjoying fmoore(at)ap.org rounding up 1,400 supporters. The
Read no further if you don't want — wouldn't you know? — hamburgers, hot-dogs and s'mores This entry passed through the Brotherhood decided to boycott
spoiler details of Kate's stab at pouring rain. from the camp fire. Full-Text RSS service — if this is the runoffs after if failed to win a
roughing it. Out in the middle of nowhere by Maybe it was finding out the hot- your content and you're reading it single seat in the first round.
For a few fleeting moments, it a stream and surrounded by dogs are moose. About that time, on someone else's site, please read This entry passed through the
seems she will savor her visit with mountains, Sarah is smiling, Kate loses it. our FAQ page at fivefilters.org/ Full-Text RSS service — if this is
the Palin family. She instantly chipper and (literally) loaded for "I don't see a table, I don't see content-only/faq.php your content and you're reading it
bonds with Sarah, as they bear. utensils, I don't see hand- Five Filters featured article: on someone else's site, please read
compare notes on the predatory "Rain or shine, Alaskans still cleansing materials," she Beyond Hiroshima - The Non- our FAQ page at fivefilters.org/
nature of the media. camp. We still find a way to have whimpers. "This is not ideal Reporting of Falluja's Cancer content-only/faq.php
"There's not a whole lot of people fun," she chirps. conditions. I am freezing to the Catastrophe. Five Filters featured article:
that I run into that can understand Then Kate and her kids land at bone, I have 19 layers on, my Beyond Hiroshima - The Non-
the scrutiny (by) the media and the campsite. Quickly, Kate hands are frigid. I held it together Reporting of Falluja's Cancer
beyond," says Kate, whose proves to be a bigger pill than a as long as I could and I'm done Catastrophe.
crumbling marriage to Jon was horse tranquilizer. now!"
E-reader News Edition Top News/ News Wire/ Food/ 9
asked about the prospective would no longer calculate it. The backed money when this thing
Heath Miller Hit
quantitative easing, he stated:
“What we’re doing, basically, is
reason given was that the
calculation of M3 takes up too
collapses in a couple of years. If
we do, I hope and pray that Should’ve Drawn Flag:
printing money…” many “resources”. This was an fractional reserve banking is made
In fact, they ARE printing
money. He is lying when he says
obvious lie because calculating it
is a simple case of adding and
illegal forever and that central
banking fades into history..
NFL Official
that the money supply is not subtracting given that the Fed still centralized banking has made (Epoch Times | All headlines) NBC commentators calling the
changing. In fact, M1 is soaring gathers all the basic data. more people poor and the upper Submitted at 12/6/2010 1:27:30 PM smashmouth AFC North matchup
and M2 is rising. We have just learned, from rich richer.. Read the book “The expressed their outrage that there
Only M3 is mildly declining or Bernanke’s words on 60 Minutes, Creature from Jekyll Island: A Heath Miller suffered a was no penalty call.
stagnant, and that is because the that the Fed never stopped Second Look at the Federal concussion after this hit. A Heath The fact that there was no flag
velocity of money has done down calculating M3. It simply does so, Reserve”. You’ll have a eureka Miller hit by the Ravens’ Jameel was “unbelievable,” NBC color
dramatically. Once it normalizes, now, in secret. The reality is that moment… McClain in Sunday night’s game commentator Cris Collinsworth.
M3 will soar, along with inflation, this incompetent Fed Chairman is This entry passed through the should have drawn a flag, an NFL “That is the very definition of
as it did the last time Bernanke going to bring on an inflationary Full-Text RSS service — if this is official said after the play. what I’ve been told [is] a
was advocating the printing of holocaust the likes of which the your content and you're reading it Carl Johnson, head of NFL defenseless player.”
money to help his friends on Wall world has never seen before. It on someone else's site, please read officiating, told NBC’s broadcast The game, won by the Steelers by
Street, back in 2001-03. simply takes time to reach our FAQ page at fivefilters.org/ that the helmet-to-helmet hit a score of 13-10, also saw Steelers
M3 began to soar very high, after fruition. We are now in the content-only/faq.php should have resulted in a penalty QB Roethlisberger have his nose
Bernanke pressed former incubation period. Five Filters featured article: against McClain and the Ravens, broken after a sack by the Ravens’
Chairman Alan Greenspan to Bernanke should be impeached Beyond Hiroshima - The Non- the Pittsburgh Tribune-Review Haloti Ngata. Roethlisberger will
deeply lower interest rates from as soon as possible, and the Fed Reporting of Falluja's Cancer reported. need surgery to fix his crooked
2001-03. True inflation should have its doors closed. Both Catastrophe. Late in the third quarter, the nose.
(calculated honestly according to of these things will happen when Pittsburgh Steelers’ Heath Miller This entry passed through the
the pre-1982 formula) began the current excesses collapse into had a pass from Ben Full-Text RSS service — if this is
reaching the double digits by a total implosion by about 2013. Roethlisberger deflected away, your content and you're reading it
2007-08. M3 was so high that the Silkster wrote: and was going to the ground, on someone else's site, please read
corrupt Fed announced that it Maybe we’ll go back to gold when he was hit by McClain, our FAQ page at fivefilters.org/
snapping Miller’s head and neck content-only/faq.php
backwards. Miller stayed on the Five Filters featured article:
field for several minutes before Beyond Hiroshima - The Non-
leaving the game with a collision, Reporting of Falluja's Cancer
the Tribune-Review reported. Catastrophe.
Amazon to PayPal, Wikileaks Rosen, however, calls be shut down, Twitter's Matt Julian Assange and Wikileaks. I
leader Julian Assange may still be UserVoice, one of our favorite
Wikileaks"the world's first Graves told ReadWriteWeb, expect that TIME will award
named TIME Magazine's Person idea management services,
stateless news organization." "We've got no additional Assange the Person of the Year
of the Year for 2010. He's launched a new API today.
The organization, which isn't at comment beyond the statement." Award, not for any of the
currently leading in the UserVoice has completely
all a wiki like Wikipedia is Genie, Meet the World Outside a revelations that Wikileaks
magazine's online poll, ahead of revamped its API, which is
anymore, does represent Bottle exposed, but for the way it forced
the Prime Minister of Turkey, available in two varieties: a free
something very interesting about It's also notable that most of the the issue of a radically transparent
Recep Erdogan, in influence score read-only version and a more
contemporary technology and "state secrets" being distributed global communications network.
if not in votes. powerful commercial version. The
media. This much is hard to by Wikileaks are allegedly from The magazine may reference its
Erdogan is hardly company built its new Facebook
argue with, I think, no matter your troves of information that choice of Joseph Stalin in 1939 to
uncontroversial, either, having Page App and iPhone SDK using
perspective: Written about by thousands, if not millions, of emphasize that the award is not a
challenged Israel vehemently and the new API.
websites everywhere, spread people had security clearance to sign of approval or support, but
collaborating with Turkish Sponsor
across millions of Twitter and see already. There are 3 million such an award would doubtlessly
nationalists TIME says still deny The SDK is particularly
Facebook conversations, mirrored people in the U.S. with some level confer a new sense of legitimacy
the history of the Armenian interesting. As UserVoice points
by hundreds of independent of security clearance to access to Wikileaks and the issues the
genocide. The Person of the Year out in its announcement, iPhone
servers, Wikileaks represents classified government documents. organization represents.
award this year is basically a users frequently give apps bad
mass accessibility of information It's hard to believe that malevolent You can't change your Facebook
media statement for or against the ratings because of one bug or
that simply cannot be shut down, actors who wanted to see what profile from dating to single these
legitimacy of Wikileaks and what missing feature. Using the iPhone
despite the best efforts of Wikileaks exposes didn't have the days without all your friends
it represents. The third candidate SDK you can build a UserVoice
authorities. opportunity to, though now the finding out - and neither can
on the list might represent the community right into an app and
Unlike Amazon, Paypal and documents have been analyzed by international diplomats put digital
perfect abdication of collect feedback within the app,
others, Twitter and Facebook hundreds of outside analysts, pen to paper without some
responsibility for answering this hopefully stemming bad reviews
have allowed the organization to indexed by search engines and concern that their words will be
or any serious questions: it's Lady elsewhere. The SDK is available
continue using their services. pointed to by countless websites. made available for universal
Gaga. here.
Were that to change, we'd be That scale of eyeballs, minds, access and analysis. How will
Sponsor The new API can be access
talking about a different ball machines and social connections that change the world of
What Wikileaks Represents through your UserVoice account
game. Neither company has is the biggest game changer, not international relations? I suspect
Depending on your perspective, in Apps & Plugins section of the
responded to inquires about their the mere availability of the we're about to find out.
Assange and Wikileaks probably Admin Console. Discuss
official positions on their information. Perhaps Lady Gaga will be the
represent one of two things. As Wikileaks accounts, but neither The U.S. government made the Person of the Year instead,
GigaOm's Mathew Ingram wrote has shut down the accounts, Internet fault tolerant through though. Discuss
this weekend, "Some argue that either.
14 Technology/ E-reader News Edition
Klint Finley (ReadWriteWeb) based tool for displaying leads users will receive discounts on
Submitted at 12/6/2010 2:15:00 PM from Salesforce.com on a heat Pete Warden on Vimeo. subscriptions in the future.
map. When used on the iPhone, it As of now it's only available for [Disclosure: Salesforce.com paid
Just in time for Dreamforce, will use your current location to enterprise-level Salesforce.com for a plane ticket and hotel room
o c c a s i o n a l R e a d W r i t e W e b suggest nearby customers to visit users, but should be available in for Klint Finley to attend the the
contribute Pete Warden has and provide directions. AppExchange soon. It will be free Dreamforce conference in San
r e l e a s e d F o r c e M a p p e r . Sponsor for the first 30 days, and early Francisco.] Discuss
ForceMapper is an OpenHeatMap ForceMapper demonstration from
E-reader News Edition Technology/ 17
Siamese Twintography -
Sony PSP2 Dead on Arrival, Says Analyst The 'Holy Beauty Project’
by Rossina Bossio
Evan Selleck (SlashGear)
Submitted at 12/6/2010 1:52:18 PM Replicates the Past
(VIDEO)
The mobile gaming market may
not be as intense as the home (TREND HUNTER - The Latest
console market, but there’s Trends)
obviously still a lot of money to Submitted at 12/6/2010 2:27:02 PM
Arnold Schwarzenegger
Is Going To Announce A
Fiscal State Of
Emergency In California
Today
Joe Weisenthal (Money Game)
Submitted at 12/6/2010 1:10:00 PM
eJOUX Concept Design Shows Electronic Jewelry is ordering it into a special session.
The new crop of lawmakers is
scheduled to be sworn in at noon
the Way of the Future Monday, and Schwarzenegger
has called a 1 p.m. news
Evan Selleck (SlashGear) where the owner is able to put sure that your normal bracelet is incorporate that of a normal conference to lay out his plans to
Submitted at 12/6/2010 2:07:37 PM anything they want on there, from brought into the future. Thanks to bracelet or necklace, and just close a gap of almost $6 billion in
moving images, to information a Bluetooth device, users will be implant some flexible display the current fiscal year, which
Slapping electronic things on about who’s calling you. That’s able to upload images, dynamic technology into it. The result ends June 30.
every day items, especially what the eJOUX electronic wallpaper-like panoramic shots, would be a bracelet that feels like Read the whole thing >
electronic things that move or jewelry concept design is all or even allow the bracelet (or your regular old bracelet, but now (Via Mike Riggs)
offer shiny lights, seems to be the about. necklace) display what band has a feature- and color-rich Join the conversation about this
way the future wants to embrace The pieces of jewelry are you’re listening to, and which flexible display on it. story »
those every day items, and there’s designed to fit around your wrist track. [ via Yanko Design]
n o t h i n g w r o n g w i t h t h a t . or neck, based on whether or not There are other uses, too,
Especially when it comes to every you prefer a bracelet or necklace. including providing caller ID
day items like jewelry, and it gets The concept, which was designed information, or text messages.
outfitted with a flexible display, by Biju Neyyan, is meant to make The design is meant to
22 Economy/ E-reader News Edition
in advance of making any China is playing. Money supply FASB has suspended rule changes bill holders can acquire cash since dropped 4.7. The price-to-
alterations, the National and credit are soaring in China and the Fed and FDIC purposely before its maturity date at lower rent ratio in China’s eastern cities
Development and Reform and along with that explosion of looks the other way on rate. It could be a channel for has risen by over 200pc since
Commission’s local branch said credit is rampant inflation. horrendous bank balance sheets companies to get capital while 2004".
on its website yesterday. Economics Junkie has a nice set for as long as they can. bypassing the loan quota. Citing Fitch, The Telegraph
Besides the five companies, other of charts comparing Money We do know the official problem Banks held more than 2.5 trillion reports "private credit in China
food, cooking-oil and beverage Supply in the US vs. China. bank list according to the 3rd yuan (US$375 billion) in credit has grown to 148pc of GDP,
producers are requested to apply M1 in China Quarter 2010 Quarterly Banking not reflected in their balance compared to a median of 41pc for
for government approval 10 M1 (China) vs TMS1 (US) Profile rose from 829 to 860. The sheets in wealth management emerging markets."
working days before making price Domestic Credit Contraction in unofficial total is 919. products at the end of November. Yes Virginia, there is rampant
changes, the statement said. US The problem banks total would "Adjusting for these factors, the inflation, in China, not the US.
The city government also According to the Fed Z1 Flow of be higher yet judging from Texas amount of new credit extended A Bit About Hyperinflation
imposed temporary price ceilings Funds Report US domestic Ratios. Meanwhile, in China .... through the end of the third Several misguided writers cite
on daily necessities in major parts nonfinancial credit has been in Credit Up by 9.3 Trillion Yuan quarter was on par with the 9.3 rising commodity prices and
of the city starting from yesterday contraction for 9 consecutive Please consider Fitch says slower trillion yuan extended in the same money supply growth in the US
to the end of February, according quarters, while domestic financial credit rise premature period a year ago," Chu said. and warn of hyperinflation in the
to the statement. Prices of grain, credit has been in contraction for China's credit growth this year "Credit conditions remain loose, US by the end of 2011 or early
cooking oil, meat, eggs, milk and 6 consecutive quarters. has not slowed materially from which explains why inflation and 2012.
noodles are to be kept at levels This means one or more of the the rapid pace in 2009 despite property prices stay stubbornly They ignore the fact that inflation
before Nov. 17, the statement following conditions are true, headline data pointing to a high." China's Credit Expansion is in China is the primary driver for
said. most likely all of them. slowdown, Fitch Ratings said in a 28% of GDP commodity price hikes; they
The city limited retail prices of report yesterday. US GDP is close to $15 trillion. ignore currency debasement the
vegetables, depending on type, to • US banks are reluctant to lend The rating agency said that This year's borrowing, including world over; they ignore extremely
40 percent to 100 percent higher • US businesses and consumers Chinese banks have been off- government deficit spending is important trends in consumer
than wholesale prices, the are reluctant to borrow loading trillions of yuan in loans roughly $1.7 trillion, or 11% of credit and bank lending; and they
statement said. Price Controls • Banks are capital impaired and this year by artificially reducing GDP. Money supply growth is especially ignore consumer and
Never Work do not want to lend their holdings of discounted bills 5%. business attitudes regarding debt
Not once in history have price • Chargeoffs exceed new loans and by re-packaging the loans into In contrast, China's GDP is about and credit.
controls ever accomplished investment products for sale to $5 trillion with annual credit That's one hell of a lot of things
anything good, unless you Total debt is up 4.8% but only investors. growth of 9.3 trillion Yuan to ignore.
consider shortages a good thing. because of massive government The report came on the same day (about $1.4 trillion), a whopping Bear in mind that hyperinflation
Expect shortages and black spending (much of it completely that China said it would change to 28% of GDP. China's money is a complete loss of faith in
market pricing if the service wasted on futile stimulus a "prudent" monetary policy in supply growth has been over 20%, currency. Political, not monetary
sector and grocery stores cannot measures). 2011 from a "relatively easing" most of the time since 2007. events kick off hyperinflation.
pass on input price increase. Moreover, the mark-to-market stance. Credit Bubble on Borrowed Time Given that the US is one of the
The market's response last Friday valuation of debt sitting on the According to the report, the The Royal Bank of Scotland says most politically stable countries
was swift and severe as noted by balance sheets of banks is likely balance of Chinese banks' China's Credit Bubble on in the world, with large gold
the following commodity charts. an absolute disaster. What cannot discounted bills was understated Borrowed Time, Warns of reserves, with the world's
Grains be paid back won't, and real estate by as much as 1.65 trillion yuan Sovereign Default by China strongest military, and with an
Metals loans are still extremely (US$250 billion) at end of the According to The increasingly conservative
Crude problematic. third quarter. Telegraph"Property prices are 22 Congress, the idea that
Chicken Unfortunately, we don't have an A discounted bill is an accepted times disposable income in hyperinflation will hit the US
It's not chicken prices that are accurate assessment of just how draft against which a loan is made Beijing, and 18 times in Shenzen, anytime soon is preposterous.
important but rather the very bad things are from a mark-to- and the interest is deducted compared to eight in Tokyo. The MULTIPLE page 24
dangerous game of chicken that market perspective because the immediately. Through the action, US bubble peaked at 6.4 and has
24 E-reader News Edition
MULTIPLE
continued from page 23
Multiple Simultaneous Games of Portugal that cannot possibly be in for one nasty spill. demographics and a rapidly aging Japanese Yen or Euro crash seems
Chicken paid back. Canada has its own property population, Japan will soon have far more likely.
As noted above, China plays Instead of admitting the above, bubble to reckon with, much the to draw down on its "savings", all However, the ultimate currency
chicken with commodity prices, Trichet pulled out the "unlimited same as Australia. Indeed, most of which went into treasury bonds irony pertains to the Yuan,
credit expansion, and price cash" bazooka. The problem with Canadian and Australian housing at 1%, all of it already spent, and especially with Bernanke and
controls. That is not the only offering unlimited cash is that it is proponents are in their own 200% more, in various Congress pleading for China to
game of chicken. a high-interest loan that leaves the Fantasyland bubble chanting "It nonsensical deflation-fighting allow the Yuan to strengthen.
Internationally, there are multiple debt intact and puts a huge can't happen here." efforts. Here is the reason: Hot money is
simultaneous games of chicken. interest-rate penalty on top of it. It will. The problem for Japan is interest flowing into China in speculation
For example, Bernanke plays Ireland cannot possibly pay back Chicken Japanese-Style on the national debt will consume of rising interest rates, 10%
chicken with China via a QE its debt even at 0% interest. Yet In one of the biggest games of all revenues if Japan's long-term perpetual growth, and a rising
policy hoping to force China to the EU and IMF expect Ireland to chicken the world has ever seen, interest rates rise to a mere 3%. value of the Yuan.
jack up its interest rate, something come up with interest at 5.8%, on Japan is hell-bent on defeating Yet, demographics show higher Few bother to think ahead as to
China does not want to do. a huge loan, when its budget deflation. The result is staggering. interest rates are nearly what happens when that hot-
Bernanke plays a second game of deficit is 30% of GDP, and its Japanese government debt is guaranteed unless Japan decides money flow reverses or what
chicken with Congress, treading economy is in contraction. 200% of GDP and growing, but to default. happens if China cannot expand at
on fiscal policy while demanding Mathematically this Ponzi scheme inflation is nowhere to be found. The interesting thing about the expected rate of growth for
Congress not comment on cannot possibly work. Why is there no inflation in default is that countries frequently any reason. The kicker is that
monetary policy. Australian and Canadian Chicken Japan? Because like the US, and default on external debt but China cannot possibly grow at
Bernanke plays a third game of The Reserve Bank of Australia unlike China, there is little to no seldom default on debt owed to its 10% perpetually and peak-oil is
chicken attempting to spur played its own games of chicken, credit expansion in Japan. own citizens. Nearly all of Japan's the reason.
inflation in the US while letting property bubbles get sky This shows the importance of debt is internal. Will Japan default Peak-oil stares China-bulls
simultaneously holding down high in order to prevent a credit expansion as opposed to on that debt or will Japan attempt straight in the face, but they are
long-term interest rates. Can that recession in 2008. Now, in spite monetary expansion alone. Nearly to print its way out? too blind to see it.
possibly work? For how long? At of still rising commodity prices, everyone gets this wrong in spite Should Japan try printing instead Crude Chicken
what cost? Australia is on the brink of of overwhelming evidence that of defaulting, it faces a currency Crude prices are soaring higher
Bernanke Plays Chicken with the recession, with 3rd quarter GDP rampant credit growth is the crash. If taken to extreme and higher, not only because of
Bond Market falling to .2%. driver for inflation. measures, Japan could peak-oil but also because of the
Trichet Plays Chicken with the Those plowing into Australian Actually, to be far more accurate, conceivably see a complete loss game of chicken Bernanke plays
Euro dollars in belief it is a safe haven net expansion of credit is of faith in the Yen with QE and the game of chicken
Trichet and the EU are in various just may have another thing inflation, not a driver of inflation. (hyperinflation). At this juncture, China plays with interest rates. In
games of chicken regarding the on coming when the Reserve Bank is To understand the paramount hyperinflation is far more likely in response, shipping and
-again-off-again strategy of forced to cut rates to combat a importance of credit, please see: Japan than the US. manufacturing costs rise, China
buying sovereign bonds while recession it refused to allow the The critical question for Japan is overheats, and a price squeeze
offering "unlimited cash" to fight last go around. • "Straight Talk" with Economic "How long can this imbalance mounts on businesses unable to
the alleged attack on the Euro Australia is finally poised to Bloggers continue before it blows up in one pass along all the input price
(See ECB Offers "Unlimited crash with massively rising • Are we "Trending Towards direction or the other?" hikes.
Cash" for 3 Months at 1%, Buys housing inventory and multiple Deflation" or in It? Interestingly, Japan may blowup Meanwhile, China-bulls (nearly
Government Bonds to Fight Acute failed property auctions. The • Is Debt-Deflation Just both ways, first in one direction everyone) cheer that which is
Tensions; Ireland, Take the Australian economy will be in Beginning? then the other, so the order and unsustainable, and China itself
Money and Buy Gold) shambles when housing collapses. timing of bets is important. thinks it can control prices with
The only thing that can save Imagine what happens when In spite of ever-expanding Yuan Chicken price-controls. As icing on the
Europe is if senior bond holders China slows and commodity national debt, Japan's long-term Interestingly, myopic, dollar- speculative cake, hedge funds,
take a haircut on debt owed by prices sink as well. The interest rates are the lowest in the centric eyes remain focused on a MULTIPLE page 26
Greece, Ireland, Spain, and Australian stock market could be world. Yet, because of US currency crash even though a
E-reader News Edition Economy/ 25
pension plans, and other Every country including the US China, to Australia and Canada, to scenarios are possible. When this
speculators continually rollover wants to export its way out of this hedge funds and investors, to complicated mess does blowup
ever-increasing numbers of mess. It's mathematically currency and carry-trade (and it will), all the "sure thing"
futures and other derivatives impossible. It's also speculators, very few understand traders on the wrong side of a bet
which increases the risk for mathematically impossible for the inevitable end-result of will realize too late, that they
everyone. Europe to grow its way out of its chicken. played one game of chicken too
All things considered, it seems problem with the tactics taken by It's called a crash. many.
likely that such speculation, in Trichet and the EU. We are in a currency endgame Mike "Mish" Shedlock
conjunction with China finally It's mathematically impossible for that no one on this planet can be h t t p : / / How to Lie and Tell the
hiking interest rates enough to the US to cut its budget deficit, sure how or when it ends, or who globaleconomicanalysis.blogspot.
matter, will cause a second crash be the world's policeman, and not blows up first. I highly doubt the com Truth Without Being an
in commodity prices (including reduce entitlement spending. It's US is first, and certainly none of Click Here To Scroll Thru My Asshole [Honesty]
crude) before peak-oil finally impossible to grow our way out of the above suggests US Recent Post List Mike Adam Dachis (Lifehacker)
takes its toll. pension problems. hyperinflation. Nonetheless, the "Mish" Shedlock is a registered
Submitted at 12/6/2010 11:00:00 AM
Investing Chicken It's mathematically impossible for order in which things blowup is investment advisor representative
Bernanke and China together tariffs to solve our problems, yet very important, depending on for SitkaPacific Capital There are many instances in life
have acted in a manner that puts Congress plays chicken with which side of each trade you are Management. Sitka Pacific is an when we feel we have to lie,
huge price pressures on the China on that score every month. on. asset management firm whose because "yes, you look fat in
service sector, especially small Bernanke and Geithner have If that was not bad enough, the goal is strong performance and those pants" doesn't win you any
businesses that cannot pass on recently joined Congress in that odds of a multiple simultaneous low volatility, regardless of favor. Here's how to find the
prices. This will end, and it will game of chicken. crash (or rapid series of crashes) market direction. Visit http:// perfect harmony between
not be pretty when it does end. Collective Chicken is high and growing as central www.sitkapacific.com/ kindness and the brutal truth.
Yet, hedge funds, pension plans, I hope you now see how bankers pull out ever-increasing, account_management.html to More »
and other investors plow into interrelated and complicated this counter-productive, and clearly learn more about wealth
commodities, currencies, and mess is, complete with destabilizing bazooka-stops, management and capital
emerging market equities as if simultaneous central-bank hoping-against-hope to keep a lid preservation strategies of Sitka
growth in China, Asia, and competitive currency devaluation on things. Pacific.
Australia and their currencies is a tactics in Japan, China, and the Is it any wonder the price of gold
"sure-thing". US, with no possible currency keeps soaring?
Getting out in time is the key to tactics in Ireland, Greece, In the meantime, various
success of hedge-fund and Portugal, and Spain (countries pressures mount. At some point
investing chicken, yet many do that arguably need currency the global pressure cooker will
not even understand the nature of tactics)! blow sky high. I suspect the
the game they are playing. Chicken End-Game Eurozone or Japan will be the first
Chicken-Math From Bernanke to Trichet, to of the big boys, but any number of
noreply@blogger.com (Michael Asia. credit has grown to 148pc of I will have more on China, Japan, Reese Witherspoon, who is one
Shedlock) (Mish's Global Diana Choyleva from Lombard GDP, compared to a median of and Europe in a much longer post
Economic Trend Analysis) of our favorite female stars of
Street Research said the money 41pc for emerging markets. It said coming up shortly. The post will 2010, posed for photos during
Submitted at 12/5/2010 10:32:00 PM supply rose at a 40pc rate in 2009 the true scale of loans to local compare monetary and credit yesterday's How Do You Know
Royal Bank of Scotland has and the first half of 2010 as governments and state entities has growth in the US vs China, with a junket in NYC. During the day's
advised clients to take out Beijing stoked an epic credit been disguised. detailed look at various games of press conference, Reese joined
protection against the risk of a boom to keep uber-growth alive, The result of such a hard landing "chicken" central banks play with her trio of male costars, Paul
sovereign default by China. but the costs of this policy now would be a 20pc fall in global each other as well as games of Rudd, Owen Wilson, and Jack
Although not predicting default, outweigh the benefits. commodity prices, a 100 basis chicken various speculators play Nicholson, to chat about their real
risk protection is one of its top The economy is entering the ugly point widening of spreads on with the market. -life blind date experiences, the
trade trades for 2011. quadrant of cycle – stagflation – emerging market debt, a 25pc fall Mike "Mish" Shedlock fun they had making the movie,
Ambrose Evans-Pritchard has the where credit-pumping leaks into in Asian bourses, a fall in the h t t p : / / and the bad career advice they've
story in The Telegraph article speculation and price spirals, even growth in emerging Asia by 2.6 globaleconomicanalysis.blogspot. received. Reese is out promoting
China's credit bubble on borrowed as growth slows. Citigroup’s percentage points, with a risk that com this project before its Dec. 17
time as inflation bites"Many see Minggao Shen said it now takes a toxic politics could make matters Click Here To Scroll Thru My release, but of course everyone
China’s monetary tightening as a rise of ¥1.84 in the M2 money much worse. Recent Post List Mike also wants to know what it was
pre-emptive tap on the brakes, a supply to generate just one yuan If there is a hard-landing in 2011, "Mish" Shedlock is a registered like to work with Robert Pattinson
warning shot across the proverbial of GDP growth, up from ¥1.30 China’s reserves of $2.6 trillion – investment advisor representative on Water For Elephants. She
economic bows. We see it as a earlier this decade. or over $3 trillion if counted fully for SitkaPacific Capital gushed about the hearthrob,
potentially more malevolent The froth is going into property. – will not help much. Professor Management. Sitka Pacific is an saying,"I'm not gonna lie. He's a
reactive day of reckoning," said Prices are 22 times disposable Michael Pettis from Beijing asset management firm whose very, very handsome man. The
Tim Ash, the bank’s emerging income in Beijing, and 18 times in University says the money cannot goal is strong performance and fervor and madness and girls
markets chief. Shenzen, compared to eight in be used internally in the economy. low volatility, regardless of waiting at 5 a.m. on a set in the
Officially, inflation was 4.4pc in Tokyo. The US bubble peaked at While this fund does offer China market direction. Visit http:// middle of nowhere just to see
October, and may reach 5pc in 6.4 and has since dropped 4.7. external protection, Mr Pettis www.sitkapacific.com/ him. He's sweet and loving and
November, but it is to hard find The price-to-rent ratio in China’s notes wryly that the only other account_management.html to has the nicest family. Kristen
anybody in China who believes it eastern cities has risen by over times in the last century when one learn more about wealth [Stewart] is really sweet, too. He's
is that low. Vegetables have risen 200pc since 2004 country accumulated reserves management and capital a very sensitive soul. He worked
20pc in a month. As it happens, Fitch Ratings has equal to 5pc to 6pc of global GDP preservation strategies of Sitka really hard. He looks great in the
RBS recommends credit default just done a study with Oxford was US in the 1920s, and Japan in Pacific. movie, too." Reese's 11-year-old
swaps on China’s five-year debt. Economics on what would happen the 1980s. We know how both daughter, Ava, got to meet Rob on
This is not a forecast that China if China does indeed slow to episodes ended. The Telegraph set, though Reese revealed she
will default. It is insurance against under 5pc next year, tantamount article is a very good read and herself is the Twilight fan in the
the "fat tail risk" of a hard to a recession for China. The risk inquiring minds will want to take family since she thinks her
landing, with ramifications across is clearly there. Fitch said private a closer look. daughter is still a bit too young
for the series.
View 2 Photos ›
28 Economy/ Culture/ E-reader News Edition
SAN
continued from page 25
on a city Councilmember's home restructuring several significant I salute Councilmember Carl public unions and their untenable
page. Councilmember Carl liabilities facing the city. DeMaio and his Roadmap to pension plans.
DeMaio has a very nice website The centerpiece of DeMaio’s Recovery for San Diego. He Mike "Mish" Shedlock
appropriately named " Clean Up plan is a heavy dose of pension offers a genuine proposal, one that h t t p : / /
City Hall" reforms – including a freeze on may work. globaleconomicanalysis.blogspot.
Please consider “pensionable pay,” creation of Other cities are in far too much com
DeMaio's“Roadmap to Recovery” several more affordable pension trouble for anything but Click Here To Scroll Thru My
Plan that Balances City’s Budget options, and requiring city bankruptcy to work. Recent Post List Mike
and Reforms Pension System. employees to share in increased It's possible San Diego is in a "Mish" Shedlock is a registered Weet is a Simple,
SAN DIEGO –City costs and investment risks in the state-of-no-return as well, but at investment advisor representative
Councilmember Carl DeMaio pension system. least DeMaio offers some genuine for SitkaPacific Capital
Elegant Twitter App for
today unveiled a comprehensive DeMaio noted that fixing the alternatives. Meanwhile, Jerry Management. Sitka Pacific is an Mac OS X [Mac OS X]
five-year financial recovery plan city’s financial problems will Sanders offers nothing but lies, asset management firm whose Adam Dachis (Lifehacker)
that balances the city’s budget and require several tough, but hoping to buy more votes from goal is strong performance and
Submitted at 12/6/2010 11:30:00 AM
restructures long-term city necessary adjustments in city the police and fire unions. low volatility, regardless of
finances to eliminate the city’s labor contracts. There are many If you live in San Diego, please market direction. Visit http:// Mac OS X: The popular iOS
structural budget deficit. elements to the plan. Please click support Carl DeMaio should he www.sitkapacific.com/ Twitter app Weet has made it's
“To fix the city’s financial on the preceding link and give it a ever decide to take on Sanders account_management.html to beta debut on Mac OS X, bringing
problems and safeguard our look. and run for mayor. His plan learn more about wealth its focused functionality and
neighborhood services, we must Click here for a nice Roadmap to shows he would be a capable management and capital elegant interface to the desktop.
embrace new approaches in city Recovery Slideshow. mayor, deserving of your vote. preservation strategies of Sitka Download it now. More »
government,” noted DeMaio. Note: If the document load with Email Sanders Pacific.
Titled the “Roadmap to the wrong orientation. Click once If you live in San Diego, please
Recovery,” DeMaio’s plan on the document then, click on forward this post to your friends
borrows some elements of the "Rotate Clockwise". and neighbors. You may also wish
bankruptcy process – with the If you wish to see still more t o E m a i l
imposition of a five year details please see the Full Copy of JerrySanders@sandiego.gov to let
mandatory spending caps, Roadmap to Recovery. That PDF him know just what you think.
reorganizing city operations, and is 89 pages. It's time for genuine reform for
due to distortions in food and stance significantly reduced has been due to the volatile food
10 Tech Tools to Use
energy. An alternate measure that
weights consumer spending in all
inflation in 1982 and is
sometimes called the Volcker
and energy expenditure
categories. Core inflation is When Buying a House
categories (PCE) shows sustained deflation after then-Federal currently decelerating. (HowStuffWorks Daily Feed) fact, all these new options for
disinflation like we haven't seen Reserve Chairman Paul Volcker Likewise, while the energy- Submitted at 12/6/2010 1:00:56 PM home shopping can be a bit
in decades: (Blanchard 1984). By contrast, the distorted PCEPI shows deflation overwhelming. There are so many
While the current share of most recent recession was caused during the recession, PCE What was house hunting like in smart phone apps and Web sites
disinflationary expenditure by the bursting of the housing suggests that inflation has never the 1990s? Cruising for hours in waiting to be used, picking out the
categories is not unprecedented, bubble and the ensuing financial been lower than it is right now. search of colorful red, white and ones worth your time can be a
the magnitudes of deceleration in crisis. Despite exceptionally low For a contrary view, see 8 blue "for sale" signs, working challenge. That's why we've done
inflation are the largest seen interest rates, the breadth of reasons why no one believes closely with a real estate agent, it for you. Here are 10 tools that
since the 1981 recession. The disinflation has remained quite Bernanke's deflation warnings > taking time to visit dozens of harness the power of modern
main difference between slowing large since the beginning of the Join the conversation about this houses looking for that one technology. Use them wisely to
prices in the early 1980s and last recession. In October 2010, story » perfect home; it was a lot of work. m a k e y o u r h o u s e - h u n t i n g
current disinflation is that the half of consumer spending was on Buying a house is still no easy expedition as comprehensive and
large deceleration during and items whose inflation rate had task, but the Information Age has painless as possible.
after the 1981 recession was due declined 1.2% or more over the b r o u g h t h u g e c h a n g e s t o This entry passed through the
to a severe tightening of past year. Moreover, the current industries the world over, and real Full-Text RSS service — if this is
monetary policy. This tight policy acceleration of headline inflation estate is no exception. your content and you're reading it
There are now so many tools to on someone else's site, please read
5 Bizarre Ways to Moisturize Your aid us in the house-hunting our FAQ page at fivefilters.org/
process, that we can complete content-only/faq.php
much of the work from home, Five Filters featured article:
Skin whittle away at the details in our Beyond Hiroshima - The Non-
s p a r e t i m e a n d b r o w s e f o r Reporting of Falluja's Cancer
(HowStuffWorks Daily Feed) around the skin cells [source: and present) have used in an effort residences at our leisure before Catastrophe.
Submitted at 12/6/2010 1:00:56 PM Mayo Clinic]. The beauty to bring youth and luster to their even dealing with an agent. In
industry might seem to have no skin. Read on to learn about five
One way to have great-looking
skin is to keep it moisturized. The
bounds. If a product exists, then
there's a good chance that
bizarre ways to moisturize your
skin. How to Make a Swirl
basic idea behind moisturizing is somebody somewhere has tried to This entry passed through the
getting your skin to retain water to
prevent dryness, and there are a
put it on their skin. If it can be
made into a cream, a paste, an
Full-Text RSS service — if this is
your content and you're reading it
Cheesecake
(Cooking Light: Editor's Picks) Cheesecake Next Step One
surprising number of things -- exfoliant, a lather, a rinse, a mask on someone else's site, please read This entry passed through the
both natural and manmade -- that or some other beauty-boosting our FAQ page at fivefilters.org/ No need for intimidation! An Full-Text RSS service — if this is
can help it do just that. Some of concoction, then it probably has content-only/faq.php elegant swirl on top of your your content and you're reading it
the key ingredients in most been. Five Filters featured article: cheesecake is easier to make than on someone else's site, please read
moisturizing products include But some moisturizing methods Beyond Hiroshima - The Non- it looks. We guide you through it our FAQ page at fivefilters.org/
humectants, which draw moisture can push the limits of what most Reporting of Falluja's Cancer step-by-step using our December content-only/faq.php
from the air and help the skin would consider normal. We've Catastrophe. 2010 cover recipe, Cranberry Five Filters featured article:
retain it, and emollients, which dug up some of the strangest Swirl Cheesecake, but the Beyond Hiroshima - The Non-
smooth the skin by filling in methods that people (both past technique can be duplicated for Reporting of Falluja's Cancer
other cheesecakes as well. Catastrophe.
View Recipe: Cranberry Swirl
E-reader News Edition Culture/ 31
By Ryan Paul
Google has revealed Android 2.3,
codenamed Gingerbread, a new
version of its popular mobile
platform. It introduces a handful
of modest user interface
enhancements—such as a more
refined touchscreen
keyboard—and brings some
noteworthy performance
improvements that are largely
intended to boost Android
gaming.
Alongside the release of Android
2.3, Google has also announced
plans to launch the Nexus S, a
new smartphone that was
developed in collaboration with
Samsung. Much like Google’s
Nexus One, the new phone in the
Nexus series will be available
unlocked with a pure Google
experience. The unlocked version
will be sold at Best Buy for $529
without subsidy, and T-Mobile
will be selling it on contract for
$199. communication (NFC), which can openness compared to other palette. The keys on the onscreen Android devices.
The aptly named Nexus S looks be used for close-range Android-powered handsets. keyboard have been spaced out a Google has finally conceded the
like the love child of the Nexus contactless data exchange. As a Nexus One owner myself, I bit in order to enable faster typing need for manually quitting
One and the Samsung Galaxy S. Sales of the original Nexus One think there is a very clear need for and better accuracy. Taking applications. In Android 2.3, the
The touchscreen-only device has a fell far below Google’s Google to continue offering its advantage of multitouch input, application manager tool has a
four-inch curved “contour” Super expectations, leading the company own handset that isn’t Google has made it possible to “Running” tab that lets the user
AMOLED display, 1Ghz to characterize the device as a encumbered by carrier lockdown, use the shift or number toggle terminate individual applications
Hummingbird processor, 1GB of failure and withdraw it from the crapware, and tacky user interface keys as modifiers that can be and see how much system
internal storage, and a 1500 mAH general consumer market. customizations. The latest pressed concurrently with other resources each running program is
battery rated for 6.7 hours of talk Although it never achieved addition to the Nexus line handily keys. The platform has gained consuming. This feature will be
time. The handset showcases mainstream popularity, it attracted fulfills that need. native support for draggable text conveniently accessible from a
some of the new hardware a loyal following among third- Google has polished the Android selection, similar to the menu item on the home screen,
features of Android 2.3, such as party developers and Android user interface and developed a implementations we have seen on
support for near-field enthusiasts who valued its relative new visual theme with a simpler certain Motorola and Samsung GOOGLE page 32
32 Culture/ E-reader News Edition
GOOGLE
continued from page 31
largely obviating the need for The new version of the Android platform. For additional details,
Jake Gyllenhaal Sticks by
users to install third-party task
management tools.
SDK brings a lot of improvements
for game developers. Google has
you can refer to Google’s official
announcement.
Anne and Smiles at Taylor
Other significant new features
include SIP support (which allows
users to make voice calls to SIP
exposed more sensors and input
controls to native code, allowing
games to receive and process
See Also:
This entry passed through the
Full-Text RSS service — if this is
Swift Questions in Sydney
Molly Goodson (PopSugar) ate as much as I could. It's such
addresses over WiFi), better input events more efficiently. your content and you're reading it
Submitted at 12/6/2010 12:30:20 PM incredible food. I tried to eat my
support for devices with multiple Google has also introduced much- on someone else's site, please read
way around Sydney. I'm kind of a
cameras, support for more media needed native audio APIs and has our FAQ page at fivefilters.org/ Anne Hathaway and Jake foodie." He may love to dine out,
formats (including WebM), and a added support for managing the content-only/faq.php Gyllenhaal were once again but lately it's been his maple latte
built-in download manager. There application lifecycle from native Five Filters featured article: cuddled close for their Love and coffee dates with new girlfriend
are also a lot of improvements on code. For games that run closer to Beyond Hiroshima - The Non- Other Drugs premiere in Sydney Taylor Swift that have been
the performance front. A new the bare metal, all of these new Reporting of Falluja's Cancer tonight. The future Academy getting all the attention. Their
concurrent garbage collector in native APIs are a major win. We Catastrophe. Awards host was decked out in a relationship was a hot topic at
Android’s Dalvik virtual machine will be looking more closely at perfect holiday party dress from today's press events, though Jake
will be less invasive and help these APIs in a follow-up article. another Oscar - de la Renta, of simply smiled in response to
avoid stuttering, accelerated event Although it’s an incremental course - while Jake stuck with a questions about his country
handling will make input upgrade rather than a full well-tailored suit. The twosome sweetheart.
processing more responsive, and overhaul, the changes in Android arrived in Australia over the
updated graphics drivers will 2.3 are compelling and bring weekend and took in some of the
improve 3D performance. some much-needed polish to the sights on their own before this To see more from the red carpet,
morning's picturesque harbor just read more.
Carey Mulligan Is a Best Actress photo call. Jake told the local
press that meals were of the
View 10 Photos ›
British Rose With Her Eye on Daisy utmost importance during his
short time down under, saying,"I
Molly Goodson (PopSugar) on PopSugar UK. When asked the CFDA's recent glamorous
Submitted at 12/6/2010 11:00:00 AM about where she would keep her event. Carey has had quite the
new statue, Carey responded in whirlwind year and she's among
Carey Mulligan matched the her typically down-to-earth our favorite imports from England
carpet in a bright red Prabal fashion, joking,"It will go up in who we'll be seeing next in the
Gurung dress at the British my parents' house actually, enviable position of costarring
Independent Film Awards in they've got stuff, it's kind of with Ryan Gosling in Drive.
London last night. She was there strange to have it in your own
to accept the best actress honors house. 'Come in, have a cup of
for her work in Never Let Me Go, tea, look at my award!'" She also To see more Carey, just read
though it was predicted 2011 said she's been"obsessively more.
award season favorite The King's reading" The Great Gatsby in View 15 Photos ›
Speech that dominated the show - preparation for the role that made
check out the full list of winners her break down in happy tears at
E-reader News Edition Culture/ TV/ 33
'Boardwalk Empire'
Season Finale Recap: Is
Nucky's Luck Running
Out?
Maureen Ryan (TV Squad)
Submitted at 12/6/2010 7:30:00 AM
Rosenbergs Redux
Ronald Radosh, Steven Usdin Schneir book, Final Verdict, a foreword by his wife Miriam. In Rosenberg's espionage activities. Project. So, even if it was
(The New Republic - All Feed) posthumous work published Final Verdict, Schneir accepts In contrast to a number of Greenglass who did the only real
Submitted at 12/5/2010 11:00:00 PM earlier this year. Julius’s guilt but argues that the extensively researched, lengthy spying, he did so because Julius
Invitation to an Inquest distorted real culprit was Ethel’s brother, books on the Rosenbergs, Final brought him into his already-
In March of 1951, a young the historical record to make the David Greenglass, who, on his Verdict weighs in at 154 pages existing network of spies.
Jewish couple from New York case that the Rosenbergs were own, was an enthusiastic Soviet and has a whopping 21 footnotes. Navasky also ignores the fact that
City, Ethel and Julius Rosenberg, innocent of any association with spy. The Schneirs’ revisionist Yet Navasky wants Nation Julius Rosenberg recruited
both secret members of the Soviet espionage. The book theory asserts that the government readers to believe that this book another major atomic spy, the
American Communist Party, were argued that Harry Gold, the gave Greenglass a break for proves that David Greenglass previously unknown Russell
tried in Federal Court for courier who received a sketch of cooperating with the government acted alone. This, by the way, is a McNutt, a revelation that
“conspiracy to commit part of the atomic bomb from in their prosecution of the reversal of the Schneirs' earlier appeared in the 2009 book Spies:
espionage.” The Rosenbergs were David Greenglass never actually Rosenbergs. insistence in Invitation that The Rise and Fall of the KGB in
accused of having passed secrets met Greenglass and never traveled Writing recently in The Nation, Greenglass had never been a spy. America. Navasky and the
pertaining to the atomic bomb to Albequerque in June 1945 for the magazine’s former editor and Anything to excuse the Schneirs may not believe that this
from Ethel’s brother, David the supposed exchange. The publisher, Victor Navasky, Rosenbergs. proves that Julius was an atomic
Greenglass, who worked in a lab authors’ major “proof” that Gold proclaimed that Final Verdict As proof of Greenglass’s spy, but the KGB did. A May 26,
at Los Alamos, to the Soviets. In lied about the meeting was that presented a new view of the enthusiasm for espionage, 1944 letter from the KGB,
June of 1953, all legal appeals the Hilton Hotel card offered at Rosenberg case. In making this Navasky mentions the letters that discussed in Spies, indicated that
having been exhausted, the the trial by the defense was an argument, Navasky shows he has Greenglass wrote from Los Rosenberg had been given a
Rosenbergs were executed, FBI forgery, meant to falsely learned little since 1983, when he Alamos, which, Navasky says, are bonus for his “initiative in
becoming the only American prove Gold was in Albuquerque. attacked The Rosenberg File and “made available for the first time acquiring an agent [McNutt] to
civilians executed for espionage The Schneirs’ claims were defended the Schneirs’ Invitation by Schneir.” Evidently, he did not cultivate ‘Enormous,’ ” the KGB
by the United States government. challenged by the publication of to an Inquest. Now, so many years bother to check The Rosenberg code name for the Manhattan
Their sentence shocked the world The Rosenberg File, published in later, when the intellectual File, where he would find that Project. McNutt's employment
and was immediately seized by 1983. This book, written in part community largely acknowledges these same letters. (The Schneirs provided access to secrets about
communists as a powerful tool in by one of the co-authors of this the Rosenbergs’ guilt—a 2008 also ignored these letters in processes for manufacturing
the propaganda war between the piece, argued that, despite clear public confession by former Invitation.) As stated in The weapons-grade uranium.
United States and the USSR. judicial and legal improprieties in Soviet spy Morton Sobell, who Rosenberg File: “[T]he Navasky concludes with a plea
As time passed, the Rosenbergs’ the Rosenbergs’ trial, Julius was tried along with the Greenglass correspondence for the release of more documents
defenders convinced many that Rosenberg was indeed a Soviet Rosenbergs, made continued directly contradicts Julius about the Rosenberg case. In fact,
the couple had been framed. The agent who set up and ran a major denial impossible—Navasky has Rosenberg’s later assertion under more documents have been
innocence of the Rosenbergs espionage network for Stalin. written what is possibly the last- oath that he knew nothing about released about the Rosenbergs
became a touchstone of the left; Although Rosenberg defenders ditch attempt to redeem the the atomic-bomb project or his than about any other espionage
attempts to discuss evidence attacked the book, its findings Rosenbergs. brother-in-law’s role until after operation in history, and each
suggesting their guilt were were vindicated with the release In Walter Schneir’s new book, he the Hiroshima explosion at the release brings to light facts that
assailed as appeasement of in 1995 of previously classified admits that he and his wife were earliest—and that he had no firm make it ever more impossible to
McCarthyism. Walter and Miriam cables from Moscow to KGB wrong in Invitation and that Gold memory of discussing it until after deny that Julius Rosenberg was an
Schneir’s Invitation to an agents in America. These cables was telling the truth. Yet his the war ended.” important Soviet spy. The
Inquest(1965) was the textbook convinced even the most skeptical intent is still to fudge the record in Most important of all, documents—tens of thousands of
for this cause, providing a holdouts that the Rosenbergs had order to exonerate the Navasky—like Walter Schneir in pages of FBI files, the decrypted
compelling narrative that, to indeed been Soviet agents. Rosenbergs. Navasky, too, in his his new book—ignores the fact classified cables from Moscow to
many, proved that the Rosenbergs Earlier this year, Mellville House review of the book, has chosen to that Julius and Ethel recruited KGB agents in America in 1995,
were innocent. This strain of published Final Verdict by the ignore decades of scholarship Greenglass after learning that he
thought continues in the latest late Walter Schneir, with a documenting Julius and Ethel was stationed at the Manhattan ROSENBERGS page 38
36 Politics-Left/ E-reader News Edition
catastrophe. Obama and the Democrats should treated as well as the bankers who new economy that fulfills the
And from Virginia, Rep. Tom early on have sought to replace Filed under: Reality-Free, TV
get bailed out." promises of the old.
Perriello suggests that voters are the Bush tax cut. Their proposal News It sounds like the setup for
Sestak, who narrowly lost a race Yes, and there's a certain
less interested in "bipartisanship" could have shifted the tax burden a "man walks into a bar" joke, or
for U.S. Senate, argues that the president who got elected by
than "postpartisanship." He a w a y f r o m m i d d l e - i n c o m e at least an oddball sitcom: a ghost,
electorate was moved less by a sketching such a vision, wrapped
explains: "What they're looking taxpayers toward the wealthy a werewolf and a vampire live in
generalized hatred of government in the words "hope" and "change."
for is someone who solves the while providing strong incentives a house together.
than by fury over its failure to Kilroy, Sestak, and Perriello are
problem, not for a solution that for job creation and innovation But no, Syfy's remake of the
prevent the financial crisis. all telling him that's what the
happens to be half way between along lines suggested by Sen. BBC series'Being Human,' which
"Government hadn't protected voters are still looking for.
the two parties." follows a twentysomething trio of
Mark Warner, D-Va. them from this calamity—and E.J. Dionne, Jr. is the author of
Last week, I sat down with these Being the party of "new and roommates who also happen to be
they hadn't done anything wrong," the recently published Souled
Democrats who were defeated in improved" surely beats getting a ghost, a werewolf and a
he says. Out: Reclaiming Faith and
November to get their sense of trapped in a fight whose terms vampire, is more of a soapy
The election outcome, he said, Politics After the Religious Right.
what the election means for the were set entirely by Republicans. drama than anything else -- think
"was a vote to neutralize He is a Washington Post
future and how the president Improvement is what Kilroy's 'Melrose Place' with a
government because no one has columnist, a senior fellow at the
s h o u l d r e s p o n d . T h e i r constituents, bludgeoned by long- supernatural twist.
been making a case for what Brookings Institution, and a
observations were more revealing term economic difficulties, are E! Online has the first look at the
government can do or should do." professor at Georgetown
t h a n t h e a b s t r a c t i o n s t h a t desperately seeking. The party's new show, which debuts on Jan.
A starting point might be fleshing University.
conventional punditry typically heavy losses this year among 17. (Coincidentally, MTV's
out Sestak's vision of American (c) 2010, Washington Post
invokes to explain what "the white working-class voters, she remake of the hit British series
society—"a nation of individual Writers Group
people" supposedly said. 'Skins' premieres that same night.)
said, should not have come as a opportunity allied with the For more TNR, become a fan on
They spoke just off the floor of shock. After the jump, watch the short
common enterprise"—that is a Facebook and follow us on
t h e H o u s e s h o r t l y a f t e r i t "I watched them in the last four behind-the-scenes teaser.
rather inspired alternative to both Twitter.
approved an extension of the years go from being anxious Permalink| Email this| Linking
collectivism and social
Bush tax cuts only for families about the future to being worried, Blogs| Comments
indifference.
earning under $250,000 a year. but also hopeful during the 2008 For his part, Perriello sees an
This vote of principle was campaign, to being very angry." opening for politicians who set
38 TV/ Gaming/ E-reader News Edition
ROSENBERGS
continued from page 35
the KGB notebooks examined in classified information in the hope when they found out that those BioCentury.
Spies, declassified that the KGB would get back in arrested would not talk, waged a This was written and published
Czechoslovakian intelligence touch, and provided financial worldwide propaganda campaign with the support of:
files, and the Rosenberg grand support to his agents. to portray the Rosenbergs as Harvey Klehr, co-author of Spies:
jury transcripts—are As for Ethel Rosenberg’s role, victims of America’s imperial The Rise and Fall of the KGB in
complemented by memoirs from the evidence is unequivocal. She thrust. The Rosenbergs’ belief in America, and is Andrew W.
and interviews with members of recruited her brother as an atomic the Soviet Union and communism Mellon Professor of Politics and
the Rosenberg espionage ring.
This mass of documentation
spy and provided logistical
support to Julius's espionage
was the motive for their actions.
Julius began working for Soviet
History, Emory University.
John Earl Haynes, co-author of
World of Warcraft:
shows that Julius Rosenberg activities. She knew at least two foreign intelligence during the Spies: The Rise and Fall of the Cataclysm Collector's
began his espionage career before
the German invasion of the Soviet
Soviet intelligence officers, and
they considered her a loyal and
time of the Nazi-Soviet Pact,
when Stalin and Hitler were
KGB in America.
Mark Kramer, Director of The
Edition, unboxed
Union (a time when Hitler and trustworthy compatriot. The most cooperating in the brutal division Cold War Studies Program at Christopher Grant (Joystiq)
Stalin were allies) and that he frequently cited exculpatory of Eastern Europe. Hence, the Harvard University and Harvard Submitted at 12/6/2010 2:50:00 PM
continued for years after the end evidence, a decrypted transcript of notion that Julius was simply University Senior Fellow, The
of World War II, when the Soviet a KGB cable stating that Ethel working to oppose fascism is Davis Center for Russian and We're still some hours away from
Union's only potential opponent "does not work" could be, and baseless. As in so many other Eurasian Studies and editor of the midnight launch of the latest
was the United States. This most likely is, a reference to the episodes of this era, it was the anti The Journal of Cold War History. World of Warcraft expansion,
evidence also reveals that Julius fact that she did not have a job, -communists, and not the Allen Hornblum, author of The Cataclysm. It won't be long before
was a more active atomic spy than rather than confirmation that she apologists for communism, whom Invisible Harry Gold: The Man Deathwing wrecks shop, so we
the FBI, prosecutors, or his most did not work for the KGB. She history has proved correct. Who Gave the Soviets the Atom thought we'd take some of this
ardent opponents ever suspected. and Julius may not have deserved Ronald Radosh is co-author of Bomb. downtime to share pics of the
The risks and sacrifices he took the death sentence, but she was The Rosenberg File, an Adjunct For more TNR, become a fan on Collector's Edition which recently
for the USSR surprised even not innocent. Fellow at the Hudson Institute, Facebook and follow us on made its way to our doorstep.
hardened KGB officers. During a Finally, the truth that still escapes and a writer for Pajamas Media. Twitter. Peruse the gallery below, and
two-year period, from 1946 to Navasky is that these Soviet spies Steven Usdin is author of stick around for a giveaway later
1948, when security concerns had were recruited out of the U.S. Engineering Communism: How today.
caused the KGB to cut off communist movement, whose Two Americans Spied for Stalin Gallery: World of Warcraft:
communication, Rosenberg kept leaders knew of and covered up and Founded the Soviet Silicon Cataclysm (Collector's Edition
his ring together, stockpiled the Rosenbergs’ espionage, and, Valley. He is Senior Editor at unboxing)
World of Warcraft: Cataclysm
Collector's Edition, unboxed
'Terriers' Canceled by FX originally appeared on Joystiq on
Mon, 06 Dec 2010 14:50:00 EST.
Maureen Ryan (TV Squad) but profane interjections and Please see our terms for use of
Submitted at 12/6/2010 7:58:00 AM elaborate curse words. In the feeds.
name of decorum, not to mention Permalink| Email this| Comments
Filed under: Reality-Free, TV keeping my job, I'm going to try
News, Stay Tuned Being pretty to restrain myself. But this is one
sure a heartbreak is headed your of those times that TV really kicks
way doesn't make it any easier to you in the stomach.
bear when it happens. Permalink| Email this| Linking
'Terriers' has been canceled by immensely sad nonetheless. Blogs| Comments
FX, the network announced this If I was being true to myself, this
morning. It's not surprising but it's post would be filled with nothing
E-reader News Edition TV/ 39
Additional Photos:
the worst carrier
Carol Mangis (Consumer
B u g f i g h t s : N o C a u s e F o r a whole new understanding of the • Bridge Battle Habitat Reports)
Concern sport, and the Hexbugs and people Assembled
I’d like to see the NFL just TRY i n v o l v e d i n i t . F a r f r o m • Rare Nano Mutations Submitted at 12/6/2010 11:08:17 AM
and suspend me for this. exploiting mechanical wildlife, Specimens (colors may vary)
Look, you people who don’t fight Hexbug fighting is actually a Consumer Reports cell-service
• Package Contents
Hexbugs just don’t understand. great way to honor it. That’s why Ratings: AT&T is the worst
• Packaging
These robotic creatures were bred I got involved in the sport in the carrier
for fighting. They love it. They first place. AT&T is the lowest-scoring cell-
Product Specifications:
need it. It’s all they know. These phone carrier in the U.S.,
Also, one more dogfighting • Components: (1) easy connect
Hexbugs can’t be rehabilitated conviction and I’ll have to do jail according to a satisfaction survey Midwest—beat out Verizon
Bridge Battle Piece, (6) easy
into lovable family pets. Their time. of 58,000 ConsumerReports.org Wireless as the top-rated provider
connect curved pieces, (2) easy
taste for virtual blood is part of Warranty: 90 Days Innovation readers. Of all the carriers rated, for contract service. Also, Sprint
connect straight pieces, (4) easy
who they are. AT&T was the only one to drop has pulled even in overall
First connect hex cell pieces, (16) easy
Besides, the long tradition of Condition: New significantly in overall satisfaction with Verizon, which
connect standoff pieces, and (2)
H e x b u g f i g h t i n g h o l d s a n Features: satisfaction. has been the clear top provider in
HEXBUG Nano specimens
important place in my culture. If • Everything that you need to Over half of the survey our Ratings in most years since
• Package weight: 2.3lbs.
you’ve ever played Rock ‘Em battle your HEXBUG Nanos with respondents who used AT&T as a 2003. Sprint even scored better
• Dimensions: 17” x 14” x 4” (W
Sock ‘Em Robots, you have no the Bridge Battle Habitat Set carrier owned some version of the than Verizon in some aspects of
x H x D)
right to criticize. iPhone, the Apple smart phone customer service, in a remarkable
• Nanos enter the arena through • Control: Autonomous
The hysterical media’s gonna one-way gates and battle against that is exclusive to AT&T, at least turnaround.
• Battery: AG13- Included
make this HexBug Bridge Battle one another until only one for now. Consumer Reports data, The survey is part of our annual
Habitat Set sound like evil remains reflecting all versions of the comprehensive cell-phone
In the box:
incarnate. They’ll take one • Nanos behave like real bugs and phone, found that iPhone owners package, which hits newsstands
• (1) Innovation First 477-1631
superficial look at the two flip over by themselves were much less satisfied with tomorrow (Dec. 7) as part of the
HexBug Nano Bridge Battle
included Hexbug Nanos and they • Includes (2) extremely rare their carrier and rated data service January issue of Consumer
Habitat Set - 29 easy connect
won’t see two ingenious robot N a n o m u t a t i o n s ( b a t t e r i e s (Web and e-mail) lower than Reports. It will also post online at
pieces and 2 extremely rare Nano
bugs that run around on twelve i n c l u d e d a n d i n s t a l l e d ) owners of smart phones on other CRO tomorrow morning.
mutations
l e g s a n d c a n f l i p o v e r b y • The (29) easy connect pieces carriers that, like the iPhone, have Subscribers will be able to get full
themselves. All they’ll see is two give you the freedom to get a host of apps to encourage heavy Ratings and all the details on the
Discuss this product
helpless victims. I ask you, which creative and see how many ways data use. story, including city-by-city
Price: $17.99 I want one!
side has more respect for these your Nanos can battle “Our survey suggests that an Ratings for 23 metro areas.
noble beasts? iPhone from Verizon Wireless, Subscribe now!
• Easy connect standoff pieces
I invite anyone to visit my allow you to create multi-level which is rumored, could indeed be S u b s c r i b e t o
good news for iPhone fans,” said ConsumerReports.org for expert
Paul Reynolds, Electronics Editor Ratings, buying advice and
for Consumer Reports. reliability on hundreds of
Also big news this year: U.S. products. Update your feed
Cellular—which serves 26 states, preferences
mostly in the South and
E-reader News Edition Products/ 43
Boston Red Sox finalize trade to get San Diego Padres' Adrian
Gonzalez
Chris Forsberg (ESPN.com) .284 and averaged 32 home runs Boston for years.
Submitted at 12/6/2010 2:14:13 PM and 99 RBIs. Saying that Epstein is his good
The Red Sox will ship minor friend and they talk often, Hoyer
Updated: December 6, 2010, 3:14 leaguers -- outfielder Reymond expressed regret that the Padres
PM ET By Chris Forsberg Fuentes, right-handed pitcher had to lose Gonzalez.
ESPNBoston.com Casey Kelly and first baseman "Adrian is a superstar player, and
Archive Anthony Rizzo -- and a player to I certainly wish we could keep
BOSTON -- Declaring it his be named later to San Diego in him in San Diego long term but
"second dream" to play in Boston, exchange for Gonzalez. we can't," Hoyer said. "I think he's
Adrian Gonzalez was introduced "This is one of the best hitters in going to be unbelievable at
as the latest member of the Red baseball," Red Sox manager Terry Fenway Park. He hit so many fly
Sox at Fenway Park on Monday. Francona said from Orlando in an balls the other way, and so many
Flanked by general manager interview on Boston sports radio times they just died before the
Theo Epstein and owner John station WEEI. "This is a big move warning track at Petco Park. He's
Henry, the soft-spoken Gonzalez for us. We're getting a middle of going to be a monster at Fenway
donned a numberless home Red the order bat, a guy that's won a Park. They've got themselves a
Sox jersey (he'll have to duke it couple of Gold Gloves. He's still great player, a player we certainly
out with old friend Mike Cameron young. This is exciting. We gave good faith that developed. Had we field, which is a great fit for our wish we could have kept. Red Sox
if he wants the No. 23 he wore in up some good players to get him, not gotten to know Adrian and his ballpark. He hits the ball the other fans will certainly enjoy watching
San Diego) and spoke of growing but that's the only way you can wife [Betsy] and what they're all way, so he'll be using the wall, him play for a long time."
up rooting for Boston from afar get a guy of his caliber." about over the course of the and we think he'll wear the wall Epstein took advantage of being
with a desire to one day play in The Padres admitted that they weekend, we probably wouldn't out going from [pitcher friendly] in a bigger market but didn't think
Fenway. couldn't afford to re-sign have had that comfort. We think Petco [Park] to Fenway Park." he got Gonzalez for nothing.
"I had five incredible years in San Gonzalez after his contract that he's such a good fit -- Adrian Epstein joked Gonzalez would "It wasn't a situation where either
Diego, where I grew up trying to expires at the end of the season. wants to be a Red Sox -- and we need to work on his speed with all side was looking to pull a fast ball
play in the major leagues and be a The Red Sox had been trying to want him to be a Red Sox for a those doubles he stands to register on the other," Epstein said. "This
Padre," Gonzalez said. "But my negotiate an extension but went long time." off the wall. More On The Red trade was all known commodities.
second dream was to be a Red ahead with the deal without a long Gonzalez is a three-time All-Star Sox We know Adrian really well, we
Sox and so I'm very excited ... to -term contract in place. Epstein who hit .298 with 31 homers and Gordon Edes and the rest of the know that he's of one of the best
start this new phase. I look said he's "confident" something 101 RBIs last season. In five ESPNBoston.com team have the players int he game; Jed knows
f o r w a r d t o a l o t o f w o r l d will be worked out. seasons with San Diego, Gonzalez Red Sox covered for you. Blog our system well and got three
championships."[+] Enlarge "There was a lot of good faith that has 161 homers and 501 RBIs. Gonzalez added: "My first fly great prospects. This is a win-win-
AP Photo/Josh Reynolds New developed over the course of the Including parts of two seasons ball to left that would have been win situation."
Red Sox first baseman gets ready negotiations and both sides have with Texas, he has 168 homers an out at Petco, I'm looking Francona said he could tell that
to receive his jersey from team an understanding of what it will and 525 RBIs. forward to getting to second base Epstein thought this deal was
owner John Henry. take, when the time is right," "He's one of very best hitters in [at Fenway]." critical.
Gonzalez later tossed in a Epstein said. "We got close to a the game, left-handed hitter, San Diego gets some of Boston's "I could tell that Theo was really
reference about being ready to deal, but in the end the [48-hour] tremendous ability to control the top prospects. Padres general digging his heels in on this one,"
"beat the Yanks," the most window [to negotiate] lapsed and strike zone, hit for power, power manager Jed Hoyer was familiar Francona said. "And I'm glad he
surefire way to endear himself to we didn't have a deal. We decided to all fields," Epstein said. "His with the Red Sox's farm system did because when he feels that
the region. Another way is that to go forward with the trade natural stroke is to the opposite since he worked under Epstein in BOSTON page 48
over seven seasons, Gonzalez hit anyway, as a demonstration of the
E-reader News Edition Sports/ 47
Neil Patrick Harris to host Milestone Shooting Considering the affection the
design community has for Apple
VGAs, hopefully in a legen Collection 2 bundles five products and the Pantone
Matching System, combining
these passions seems ripe for
- (wait for it) dary manner shmups on Wii success. At least that's Case
Scenario's theory with this new
Griffin McElroy (Joystiq) last year's VGA ceremony was line of licensed cases: they're
Submitted at 12/6/2010 3:30:00 PM one of the highlights -- but the JC Fletcher (Joystiq) game) and Illvelo, which was Pantone approved, so you know
first time he busts out some Submitted at 12/6/2010 3:10:00 PM once planned for North American the hues and ridiculous code
There are few people on this unconvincing nerd-speak, or gets release but canceled. Perhaps names are legit. In total, nine
planet we admire more than one danced all-up-on by models with The first Milestone Shooting North American publisher UFO different versions are available for
Mr. Neil Patrick Harris, the length award winners' names painted on Collection for Wii came to North Interactive will give Illvelo a the iPhone and four for the iPad,
of whose name is matched only their torsos, we're going to have a America as Ultimate Shooting second chance by bringing this providing plenty of style leeway
by the depth of his comedic talent full-on panic attack. We've got all Collection, and combined Chaos collection over. If you want the should the colorware route be out
-- which is to say that there's a lot our fingers crossed that those Field, Radio Allergy, and Karous import, it's out in Japan on of your budget. No word on
of it. However, we're of two won't occur, though leaving our into one delightfully cheap December 30. pricing or availability just yet, so
minds about how to react to the fingers in that position might collection of vertical shmups. You can see more of each game for now it looks like our Capsure
announcement that NPH would be make it a little difficult to type Milestone is developing a at the official site. color identifier will have to
fulfilling hosting duties for the snarky comments about the rest of followup in Japan, which contains Milestone Shooting Collection 2 remain holstered until more
2010 Spike VGAs, which, once the show. Hmmm. everything the first disc offered, bundles five shmups on Wii details surface.
again, we have been dragooned Neil Patrick Harris to host VGAs, plus two more games. Milestone originally appeared on Joystiq on Gallery: Case Scenario Pantone
into watching and reporting on hopefully in a legen- (wait for it) Shooting Collection 2 includes all Mon, 06 Dec 2010 15:10:00 EST. iPhone 4 & iPad Cases
this year. (Man, this job dary manner originally appeared three of the aforementioned Please see our terms for use of Pantone iPhone and iPad cases
sometimes, we swear.) on Joystiq on Mon, 06 Dec 2010 games, plus Radio Allergy Noir(a feeds. thumb their noses at Apple's
Again, we're big, big fans of Neil 15:30:00 EST. Please see our version of which was released as a Permalink| Email this| Comments grayscale aesthetic originally
(who provided one of the four terms for use of feeds. standalone, full-price Xbox 360 appeared on Engadget on Mon, 06
Spider-voices in Shattered Permalink| Email this| Comments Dec 2010 15:45:00 EDT. Please
Dimensions), and his bit during see our terms for use of feeds.
Permalink Design Boom| Case
Scenario| Email this| Comments
E-reader News Edition Featured/ Politics/ 51
Congress Moving Toward Extending Bush Tax Cuts for All -- for
Now
Patricia Murphy (Politics Daily) in an appearance in North also signaled that Republicans
Submitted at 12/6/2010 12:27:00 PM Carolina on Monday, the would relent on their opposition
president said that both parties to extending jobless benefits, even
With the Dec. 31 deadline need to find a compromise on the if the benefits are not paid for
looming for the expiration of the issue. with cuts elsewhere in the federal
Bush-era tax cuts, White House "Republicans want to make budget.
and Congressional negotiators permanent tax cuts for the "I think we will extend
appear be moving toward a deal wealthiest Americans and I have unemployment compensation,"
that would temporarily extend the argued that we can't afford it right McConnell said. "We've had some
current tax rates for all now," Obama said. "But, we've very vigorous debates in the
households, while also extending got to find consensus here Senate. Not about whether to do it
unemployment benefits for because a middle-class tax hike but whether to pay for it as
Americans who have been out of would be very tough, not only for opposed to adding it to the deficit.
work for more than 26 weeks. working families, but it would All of those discussions are still
Specifically, the proposal would also be a drag on our economy at under way."
permanently extend the Bush tax this moment." McConnell and Senate Majority
cuts on all annual household Part of that consensus, the Leader Harry Reid are expected to
income below $250,000, while president said, must also be an senators voted 36-53 against Virginia and Feingold, along with present a final proposal to their
temporarily continuing current tax extension of unemployment moving to the House-passed bill, L i e b e r m a n , v o t e d w i t h t h e members at caucus meetings on
rates for income over $250,000, benefits and tax provisions from seven votes short of the 60 votes R e p u b l i c a n s . Tuesday, while House leaders will
likely for two years. In addition, the stimulus bill, including the needed to break the filibuster. A f t e r t h e S a t u r d a y v o t e , do the same on their side of
extended unemployment benefits Making Work Pay tax credit for Four Democrats -- Joe Manchin c o n g r e s s i o n a l n e g o t i a t o r s , Capitol Hill. Once each side has
would continue for one year, low- and middle-income workers. of West Virginia, Jim Webb of including House Speaker Nancy g a u g e d t h e s u p p o r t f o r a
while expiring tax cut provisions "We've got to make sure we're V i r g i n i a , B e n N e l s o n o f Pelosi and House Majority Leader compromise from their members,
included in the stimulus bill coming up with a solution, even if Nebraska, and Russ Feingold of Steny Hoyer, went back to votes in the House and Senate are
would also continue temporarily. it's not 100 percent of what I want Wisconsin -- voted with the c o n t i n u e t a l k s w i t h t o p expected later this week.
Although senior congressional or what Republicans want." Republicans to block action on Republicans and the White This entry passed through the
aides stress that no deal has been Although many Democrats are t h e b i l l , a s d i d S e n . J o e House. Full-Text RSS service — if this is
finalized, a compromise on loath to join Obama in a Lieberman, an independent from On Sunday, Senate Minority your content and you're reading it
extending the tax cuts for the compromise on the issue, they Connecticut. L e a d e r M i t c h M c C o n n e l l on someone else's site, please read
highest earners would represent a may have little choice if they want Later, by a 37-53 vote, the Senate appeared on NBC's "Meet the our FAQ page at fivefilters.org/
painful concession for the most to keep the middle-class tax cuts also stopped consideration of "the Press" to discuss the negotiations content-only/faq.php
liberal Democrats, who fought the alive. While Democrats in the millionaires' tax," a bill that and lay out the areas where he Five Filters featured article:
tax cuts when they passed House of Representatives were would have extended the Bush tax saw compromise coming from the Beyond Hiroshima - The Non-
Congress in 2001 and 2003 and able to push through a permanent cuts for every American family left and the right. Reporting of Falluja's Cancer
have fought to end them ever extension of the cuts for income making less than $1 million per "Obviously, the president won't Catastrophe.
since. Even President Obama below $250,000 last week, Senate year, while returning income sign a permanent extension, so
made a rollback of the Bush tax Democrats failed on Saturday to taxes for everyone else to 2001 we're going to have some kind of
cuts for wealthy Americans a find enough votes to move to a levels. Democratic Sens. Richard extension. I'd like one as long as
cornerstone of his campaign for debate on the measure. Durbin of Illinois, Tom Harkin of possible," " he said of the tax cuts
president in 2007 and 2008. But In a rare weekend session, Iowa, Jay Rockefeller of West for the high earners. McConnell
E-reader News Edition Politics/ Health/ 55
SUPER page 56
56 Daily Word/ Health/ E-reader News Edition
SUPER
continued from page 55
sheet for 30 to 45 minutes, or until cool, then pour into a blender. microwaving for example. This
John 10:14-15 (12-06-10)
(Verse of the Day) for us. He is not a hireling, he is
crispy. For more flavor, use salt Process until smooth. Return to helps bring out the potato's earthy,
and pepper or a bit of balsamic pot. Stir in a cup of coconut milk less sweet flavor. Submitted at 12/6/2010 2:00:00 AM the Good Shepherd. My Prayer...
vinegar. and 1/2 cup of water. Heat until Holy Father, you are wonderful
[Jesus said,] "I am the good and generous beyond description.
Eat 'em for breakfast . . . warm. Yams vs. Sweet Potatoes
shepherd; I know my sheep and You have shown your love by
Try a lean spin on eggs Benedict. Cooking Tips and Tricks The sweet potatoes and yams you
my sheep know me - just as the sending your Son to be my
Microwave a sweet potato until see in most grocery stores are
Father knows me and I know the Shepherd. Help me hear his voice
soft, about 4 minutes. Cut in half • For grilled spuds: Boil a few exactly the same! American
Father - and I lay down my life through your Word. Help me hear
and mash insides with a fork. Top whole potatoes in their skin for "yams" are just a different variety
for the sheep." his voice through the wise counsel
with a couple of poached eggs. a b o u t 1 0 m i n u t e s . S l i c e of sweet potato, given the
— John 10:14-15(NIV) Thoughts of spiritual friends. Help me hear
For a low-cal hollandaise sauce, lengthwise into wedges. Brush alternate name by farmers. True
on Today's Verse... The goal of his voice through the words sung
combine 1/4 cup egg substitute, 1 with olive oil, then place directly yams are grown in West Africa
our walk with Jesus is to come to to me by my brothers and sisters
tbsp light butter, 1 tsp lemon on the grill. Cook for one to two and New Guinea and, unless
know him as our shepherd just as when we are assembled. Help me
juice, 1 tsp dijon mustard, and a minutes on each side, or until you're shopping in a specialty
intimately as he knows the Father. hear his voice in the Holy Spirit's
dash of cayenne pepper. Warm crispy. market, you'll likely never run
A key thing for us to remember: work on my conscience. Father, I
sauce in the microwave (don't • across them in the U.S. Related
In a world where so many people want to follow your Son as my
cook too long or it may curdle). • For potatoes in a hurry: Prepare articles:
want to attract our attention and Shepherd and Lord because I
Mix with your rice . . . a large batch of sweet potatoes. MF Super Foods: Peanut Butter
are willing to give us advice, we know he, like you, is good! In the
For a perfect side to grilled Let cool, then wrap the cooked Five Energy-Zapping Foods
can refuse their voice. We listen name of my Shepherd and Lord I
chicken or steak, finely dice a potatoes individually in plastic 101 Ways to Lose Your Gut
to Jesus because he has shown his pray. Amen.
sweet potato and dump it into the wrap or zip-close bags. Toss in [on Facebook, Digg, Reddit and
love for us by laying down his life
water when you start cooking the the freezer to defrost and eat later more]
rice. Let the mixture come to a on. This entry passed through the
boil and steam. When done, fluff • Full-Text RSS service — if this is
with a fork, then stir in additional • For sweeter potatoes: Go slow your content and you're reading it
ingredients such as chopped and low. Cooking slowly allows on someone else's site, please read
almonds or mint. the sugars in the potatoes to our FAQ page at fivefilters.org/
Blend them . . . caramelize and brings out its content-only/faq.php
To make a delicious sweet potato natural sweetness. Try baking Five Filters featured article:
soup, toss a diced onion and 2 your spuds at 350 degrees for Beyond Hiroshima - The Non-
tbsp of olive oil in a large pot and around an hour. Reporting of Falluja's Cancer
cook until tender. Add a dash of • Catastrophe.
curry powder, the flesh of 3 • For a more savory dish: Cook
precooked sweet potatoes, and 5 for speed. aim to soften the
cups of vegetable stock, then potato's flesh as quickly as
bring the mixture to a boil. Let possible, by boiling or
What to Cut
Submitted at 12/6/2010 3:00:31 AM
government-wide spending caps symbols of waste and corruption (but not contracts with) businesses crop insurance and new Farmer
that gradually return spending to cannot be salvaged. Taxpayers that have gross revenues above a Savings Accounts (in which
From the November 29, 2010, 20 percent or less of GDP. will never accept Social Security certain level. farmers can save tax-free in good
issue of NR. After a $727 billion spending and Medicare reforms if they #ad# Four. Reform farm years, and from which they can
I f the 2010 election produced increase since 2007, there is no believe the savings will go toward subsidies. The $25 billion farm- withdraw tax-free in bad years)
any conservative mandates, they shortage of programs to cut to bridges to nowhere. Beyond subsidy system is a case study in will help family farmers smooth
are to create jobs and to rein in meet that 20 percent target. The costing $20 billion annually -- a economic illiteracy. It subsidizes out the fluctuations in their
soaring spending and deficits. 112th Congress should target non-trivial sum, even if it’s just growers of five crops (wheat, income at minimum taxpayer
Republicans should begin programs based on their economic under 1 percent of the federal cotton, corn, soybeans, and rice) cost.
implementing this agenda by impact, their cost, and the budget -- earmarks encourage even if they’re millionaires while Five. Recall unspent stimulus
extending the 2001 and 2003 tax feasibility of reforming them. It lawmakers to vote for budget- bypassing producers of nearly all funds. The economic failure of the
cuts and paring back a should build credibility with the busting bills and divert their other farm products even if their stimulus has become a political
government that now spends a public by including cuts in the attention from higher priorities. income is meager. It disaster for Democrats. Most
staggering $30,000 per household federal government’s spending on Republicans should not leave simultaneously pays some farmers stimulus dollars have been spent
annually. itself, unpopular earmarks, and unelected Washington bureaucrats to grow more of their crops or obligated, yet perhaps $60
Despite liberal claims to the even traditional conservative to distribute federal dollars to (through subsidies) and other billion could still be recalled in
contrary, rising spending -- not spending programs. Conservatives fund local projects in place of farmers to grow less (through a areas including energy,
declining revenues -- drives could begin with the following earmarks. Rather, grants can be conservation program). Overall, transportation, and state aid. If the
America’s long-term deficits. twelve projects: distributed by formula to state and subsidies harm small family president vetoes an outright recall
Once the economy recovers, One. Freeze and reform federal local governments, which are in a farms, taxpayers, consumers, the of unspent stimulus funds,
revenues are projected to return to pay. Before Washington asks much better position than environment (by encouraging Congress could instead use them
their historical average of 18 Americans to tighten their belts, it Washington, D.C., to decide over-planting to maximize to offset any new spending the
percent of the economy -- even if must tighten its own. While some where to put their streetlights. subsidies), trade (by inviting White House requests.
all tax cuts are extended. Federal federal employees are #page# Three. Ban corporate retaliation against farm Six. Vote to repeal Obamacare.
spending -- rising from its undercompensated, the average welfare. Even before bailing out protectionism), impoverished The president’s inevitable veto
historical average of 20 percent of federal employee receives 30 to Wall Street, Washington spent nations (by undercutting their should not dissuade conservatives
the economy to a projected 26 40 percent more in total more on corporate welfare than on farmers), and even our health (by from passing legislation to repeal
percent by the end of the decade - compensation than the equivalent homeland security. The public subsidizing corn and soy, which the recent health-care law. Such a
- is the moving variable. private-sector worker; all this will not trust conservatives to are often used to create sugary vote would leave no doubt as to
#ad#Nearly all of this new extra pay adds up to $47 billion. reform middle- and lower-income and fatty foods, rather than where conservatives stand, and
spending will come from Social Lawmakers should freeze federal entitlement programs unless they healthier fruits and vegetables). would force Democrats to go on
Security, Medicare, Medicaid, and pay until it can be fundamentally are also willing to stop granting About how many programs can the record before the 2012
interest on the debt. Combined reformed. special favors to their friends in we say that? election.
and adjusted for inflation, these Similarly, Congress should cut its business. A free market means The defeat of more than half the Conservatives can also attack
annual expenditures will rise from own budget and salaries to 2008 that businesses rise and fall on members of the House Obamacare piece by piece, by
$1.6 trillion to $3 trillion over this levels, pare back the surging their own, without politicians’ Agriculture Committee presents refusing to fund discretionary bills
decade. Therefore, budget reform federal travel budget (not every picking winners and losers. an opportunity for reform. The to implement the law and by
must include putting Social federal conference has to be in Most corporate-welfare spending policy challenge is not farmer offering legislation to block or
Security and Medicare on a fixed Maui), suspend acquisition of is buried in obscure projects with poverty (the average farmer delay its implementation.
long-term budget with a capped federal office space, competitively harmless-sounding names like the significantly outearns the average #page# Seven. Repeal CLASS.
growth rate. outsource more federal work, and “Technology Innovation worker) but rather income Buried in Obamacare is a massive
Yet major entitlement reforms require federal employees to fly Program.” Rather than terminate instability (farmers can earn very new long-term-care program
would be phased in slowly. In the coach domestically. each program individually, little in bad years). Replacing
meantime, Congress should enact Two. Ban earmarks. These Congress could ban subsidies for farm subsidies with improved WHAT page 65
60 Politics-Right/ E-reader News Edition
Dupes
Jamie Glazov (FrontPage progressives that they were being say through mis-education.
Magazine » FrontPage) exploited. Dupes have been an integral part
Submitted at 12/5/2010 10:34:13 PM That bizarre, sad manipulation of American history since the
continues to this day, with founding of the republic. George
Frontpage Interview’s guest communists from the grave still Washington actually warned his
today is Paul Kengor, a professor finding their suckers, especially in countrymen about dupes in his
of political science at Grove City a c a d e m i a , w h e r e l i b e r a l classic “Farewell Address.” It was
College. His previous books professors continue to frame the a word common during the
include the bestsellers God and anti-communists as the bad guys. American Revolution, and it
Ronald Reagan and The Crusader: Their Cold War demon is Joe never went away.
Ronald Reagan and the Fall of McCarthy, not Joe Stalin. And Once I started looking into
Communism. His latest book is most depressing of all, those communist archives, I saw the
D u p e s : H o w A m e r i c a ’ s professors generate new dupes ugly upsurge in this process of
Adversaries Have Manipulated among their gullible, wide-eyed duping, starting specifically with
Progressives for a Century, based students. To add insult to injury, the launching of the Bolshevik
on an unprecedented volume of those profs and their students Revolution in Russia in October
declassified materials from Soviet elected as president a man 1917, the launching of the
archives, FBI files, presidential ( B a r a c k O b a m a ) w h o w a s Comintern in Russia in March
libraries, CPUSA holdings, and mentored by one of those duping 1919, and the launching of the
more. communists (Frank Marshall American Communist Party in
FP: Paul Kengor, welcome to Davis), who liberals today refuse Chicago in September 1919. Of
Frontpage Interview. to dare acknowledge was a course, communists excelled at
Congratulations on your new communist, and, naturally blast propaganda. They were masters.
book. the anti-communists as Red- They were outstanding
Tell us what you have uncovered baiting reprobates for daring to liars—born liars, really. It’s in the
about the Left yet again. even raise the question. DNA, the marrow of the bones.
K e n g o r : I d o n ’ t k n o w i f So, congratulations? I suppose. Lenin said that lying was moral as
congratulations are in order, But it’s pretty damned depressing long as it advanced class interests.
Jamie. It can be rather depressing at times. Vaclav Havel spoke of the
and tormenting to read through Imagine: After 100 million “communist culture of the lie.”
old archives from the Communist c o r p s e s p r o d u c e d b y t h e Think about this, Jamie: At the
International, the Soviet Central communists, it’s still us anti- height of its membership, in the
C o m m i t t e e , t h e K G B , a n d communists who are on the 1930s, Communist Party USA
Communist Party USA, and see defensive, thanks to continued never had more than about
how the communists so cynically dupes on the American left. You 100,000 members. They were
and successfully duped liberals/ know that Vladimir Lenin is ideology of communism is the one of the biggest dupes in my truly a tiny, fringe minority. So, to
progressives again and again and howling from his tomb. greatest killer in human history, book. Liberals and progressives get marchers at their rallies,
again. It’s even worse when, in FP: I understand Prof. Kengor, I and too many Americans have no h a v e b e e n t h e u n w i t t i n g signers for their petitions, foot
t u r n , t h o s e s a m e l i b e r a l s / just wanted to give you credit for idea that such is the case, h a n d m a i d e n s t o t h e l i e s , soldiers for some protest, they
progressives attacked not the writing this priceless book. e s p e c i a l l y t o d a y ’ s c o l l e g e deceptions, and advancement of needed to attract non-communists
communists who used them and Share with us a bit more on what students, who were born after the this pernicious ideology. And o n t h e l e f t — i . e . , l i b e r a l s /
made them look like fools, but the exactly inspired you to write this fall of the Berlin Wall. They are now, even today, they continue to progressives. As was their nature,
anti-communists who repeatedly book. being educated by the disciples of provide that service, primarily
tried to warn the liberals/ Kengor: That’s easy: the John Dewey, who, incidentally, is through education—or I should DUPES page 64
64 Politics-Right/ E-reader News Edition
DUPES
A 9/11 Bonanza for Trial Lawyers continued from page 63
known as Community Living Washington to decide where to return funding to 2008 levels. empowered to address local
Assistance Services and Support build a road in Appleton, Wis. Concerns about whether students problems with local solutions --
(CLASS). Like Social Security, Congress should eliminate the will be able to afford college are financed and held accountable by
CLASS will run initial surpluses middleman and allow states to opt unfounded. Over the past three local voters.
(a $70 billion surplus in the first out of the federal-highway decades, student-aid increases Twelve. Reduce waste. Although
decade will be raided to cover up program. In return for agreeing to have been one of the causes -- not the budget cannot be balanced by
Obamacare’s deficits) before maintain their interstate highways, the result -- of tuition increases. cutting waste alone, Congress
falling into deep deficit afterward. these states could collect and The more aid students receive, the should not ignore this low-
The Congressional Budget
Office, the Medicare chief
retain the federal gas tax
themselves.
higher colleges raise tuition to
capture that aid.
hanging fruit. For instance,
Washington runs 342 overlapping
When the
actuary, and the American
Academy of Actuaries have all
acknowledged that CLASS is
Nine. Defund high-speed-rail
projects. The Obama
administration has provided $8
#ad#Higher student-loan limits
for low-income families are a
fairer way of guaranteeing college
economic-development programs,
lost $98 billion last year to
program payment errors, and
Saints Go
financially unsustainable. Even
Senate Budget Committee
billion to states for high-speed-rail
projects and promised more
access. There is no justification
for taxing waitresses and welders
recently spent $33 million
enhancing the Kennedy family Marching In
chairman Kent Conrad (D., N.D.) funding later. Yet high-speed rail so that future college graduates -- image through the Edward M. David Solway (FrontPage
called CLASS “a Ponzi scheme of is extraordinarily expensive who will outearn them by $1 Kennedy Institute for the Senate, Magazine » FrontPage)
the first order, the kind of thing (California received $2.3 billion million over their lifetime -- the John F. Kennedy Presidential Submitted at 12/5/2010 10:31:29 PM
that Bernie Madoff would have for a new project that some won’t be burdened by the typical Library and Museum, and the
been proud of.” (He then estimate will cost $81 billion), $24,000 student loan. Rose Kennedy Greenway. Melanie Phillips, author of The
proceeded to vote for and cash-strapped states will Eleven. Reduce aid to states. Conservatives should harbor no World Turned Upside Down,
Obamacare.) certainly seek more federal Over the past decade, federal aid illusions that cutting spending is laments that “it is the intellectual
#ad#If CLASS is allowed to begin funding. Moreover, these projects to state and local governments has easy. However, by carefully classes—the supposed custodians
enrolling participants in the next are estimated to reduce the surged, rising 129 percent faster selecting its targets, Congress of reason—who have turned into
couple of years, it will almost average travel time by as little as than inflation. Endless bailouts could save as much as $3 trillion the destroyers of reason,” as our
surely collapse within two 30 minutes compared with have made Washington one of the over the next decade and lay the cognitive avant-garde retreats
decades. The resulting taxpayer driving, and to lower auto top sources of state revenue. groundwork for Social Security, ever deeper into the realm of
bailouts could cost trillions. ridership by as little as 1 percent. These bailouts allow profligate Medicare, and Medicaid reform. disembodied cerebration and
Eight. Return highway spending Congress should follow the states to delay their inevitable belt — Brian Riedl is the Grover M. reality-disconnect. Proposing one
to states. Washington collects the voters’ backlash against these -tightening and instead be Hermann Fellow in Federal or another blueprint for radical
18.4 cent–per–gallon gas tax, projects by cancelling their subsidized by the taxpayers of Budgetary Affairs at the Heritage social change or meddling in the
subtracts a hefty administrative funding. responsible states. Foundation. This article originally complexities of foreign and
fee, and then returns the funds to #page# Ten. Trim Pell Grants. There is no compelling reason for appeared in the November 29, economic policy, it would seem
state governments with numerous After doubling Pell Grant Washington to finance state-level 2010, issue of National Review. that these intellectuals and
strings attached. These strings spending from $16 billion to $32 education, justice, and economic- Brian Riedl academics have too much time on
include thousands of earmarks, as billion since 2008, President development expenditures -- their hands. After all, they are not
well as requirements to divert Obama proposes to give it especially through failed required to deal with the grubby
highway dollars into bike paths, entitlement status and spend $52 programs such as COPS and details of wrenching a living from
museums, and prevailing-wage billion by 2020. Fiscal reality firefighter grants. State and local a harsh, empirical world, and so
regulations. There is no reason for demands that lawmakers instead governments should be are free, like Swift’s pixilated
“projectors” in the Academy of
Lagado, to spin their crackpot
theories and advance their
WHEN page 66
66 E-reader News Edition
WHEN
continued from page 65
irrational speculations about real- is a relative concept, except, of an accomplished civilization. The the time, lashing themselves for
life situations they have little course, for the truth of their own sequestered intellectual, however, the sins of their colonial
knowledge of. claims (Michel Foucault); writers believes that a new world order forefathers while promising to
It is not only in Swift’s Academy who promote violence as the road “may be invented just as easily as create a new and pristine
that such projectors, “full of to millennial harmony (Slavoj one might conjure a crystal goblet dispensation for the benefit of
volatile spirits acquired in that Zizek), and so on. Indeed, on the from the sand” and mold its mankind, or rather, for that part of
airy region,” labor to extract major issues of the day—climate symmetry without the slightest mankind deemed worthy of their
sunbeams from cucumbers, spin change, the war on terror, the free knowledge of the craft. The efforts. Having studied in the
silk from cobwebs, propagate a market, Israel, Iran—our trouble is that “there is not one of cloisters of hermetic university
breed of woolless sheep, adjust “supposed custodians of reason,” them who can work a crystal departments and relishing their
“the annual and diurnal motions pontificating from the Left, get goblet from sand and the forge.” hard-won ignorance, they will
of the earth and sun,” strive to everything backwards, opting for Perhaps David Horowitz hits on turn the world upside down and
“reduce excrement to its original measures that only magnify the the aptest analogy when he says, pretend that it is right-side-up.
food” and, most pertinently, problems they affect to settle. As referring to the Democratic Party They will, so to speak, forge the
devise methods to build houses by the popular idiom has it, the (though he might just as well be cultural goblet out of thin air,
“beginning at the roof and inmates have taken over the speaking of the Left in general): serene in their false humility and
working downwards to the asylum. Clearly, to avoid descent “These people see themselves as confident of their nonexistent
foundations”—the forte of our into madness, reason must visionaries, as an army of the means. And they are committed to
standard, top-downing intellectual accommodate itself to reality. saints marching through the the belief, as French sociologist
conventicles. Sundered from the world as it is electoral process opposed by the and author of We Have Never
It is also in the seminar rooms and from men as they are, it army of Satan, which is us,” that Been Modern Bruno Latour
and study carrels of our current generates only caricatures and is, those who adopt a conservative argues, that time is on their side,
intelligentsia that we find deformities rather than solutions perspective on political life. that “Kronos would eat away all
comparable absurdities, as for and practicable recommendations. Horowitz’s soi-disant“saints” are that [is] archaic and irrational [by
example: professors who advocate Considering the same chiefly militant atheists who have their lights]…sparing only those
rampant spending to neutralize malformation of thought from a substituted a presumptive secular predestined for a radiant future.”
debt (Paul Krugman); teachers different angle, Robert Harkins paradise for the Second Coming
who believe that history is a muses on the beauty and of the Lord and are busy
narrative to be manipulated for workmanship of the Waterford assembling a new Vulgate for the
ideological ends (Howard Zinn); crystal goblet as a symbol of the deliverance of mankind.
philosophers who affirm that truth artistry, intelligence and genius of They are the gutter messiahs of
E-reader News Edition Politics-Right/ 67
END
Iran Goes All In continued from page 60
Activating Jihad
Ryan Mauro (FrontPage episode from showing
Magazine » FrontPage) Mohammed, an act surely seen by
Submitted at 12/5/2010 10:35:42 PM the extremists as a vindication of
their methods.
The Investigative Project on Revolution Muslim also recently
Terrorism (IPT) is reporting that praised a Muslim woman who
two extremist groups in the U.S., stabbed a British parliamentarian South Korea–U.S.
Revolution Muslim and the that supported the war in Iraq,
Islamic Thinkers Society, are saying they hoped it would Trade Deal: Better
becoming “increasingly
operational” and are violently
“inspire Muslims to raise the
knife of jihad.” Unsurprisingly,
Late Than Never
carrying out their faith. Today’s she was a reader of their website. Bryan Riley (The Foundry:
non-violent Islamic extremists are The writers provided a list of the Conservative Policy News.)
often tomorrow’s terrorists. British politicians who voted for Submitted at 12/6/2010 2:30:23 PM
Groups seeking to replace the war, gave suggestions on how
democracy with Sharia-based to locate them, and even linked to Posted December 6th, 2010 at
governance are using our a website where knives can be 3:30pm in American Leadership
freedoms to create the Islamist bought. Print This Post
swamp from which terrorists The Islamic Thinkers Society is When the proposed South
emerge. just as guilty of fomenting Korea–U.S. Free Trade
“U.S. counter terror agencies have violence. The group’s website Agreement (KORUS) was
traditionally paid little attention to says that their “struggle is always initially signed on June 30, 2007,
those groups, presumably because [through] intellectual & political Heritage Foundation analysts
they represent a safe and legal non-violent means,” but their recognized significant benefits
outlet for the frustrations of otherwise,” Olson said. This is the same writer that condemnation of terrorism only that would come from
young, aspiring Jihadists,” the IPT On October 26, Abdel Hameed threatened the lives of the creators applies to actions against Muslims implementation of this landmark
explains. Shehadeh was arrested in Hawaii of South Park after they depicted they support. The site includes a trade deal. Those benefits
Captain Dean T. Olson, author of for trying to join the Taliban in Mohammed on their animated fatwa forbidding Muslims from included more exports, more
P e r f e c t E n e m y : T h e L a w Pakistan. Shehadeh had openly comedy show. Revolution Muslim voting because only Allah can export-related jobs, and a stronger
Enforcement Manual of Islamist supported Al-Qaeda on his reacted by posting their photos legislate. In 2006, the group economy. As the Obama
Terrorism told FrontPage that the websites that were also used to and saying their lives are now in received attention when it reacted Administration has pointed out,
activities of these groups are promote Revolution Muslim. danger. The website denied to a bombing in Tel Aviv by the agreement would increase
within the law as long as they Several friends of the website calling for their murder, but the holding an anti-Israel protest that U.S. exports by billions of dollars
don’t overtly help a terrorist have been arrested on terrorism- post included addresses at which included proclamations that “with and create tens of thousands of
group or lie to the authorities related charges. In June, one of Muslims could “pay them a visit” our blood and with our lives we new export-related jobs.
when questioned. the group’s own website writers, and audio from Anwar al-Awlaki will liberate al-Aqsa [Jerusalem]” KORUS would also strengthen
“It is not illegal in America to Zachary Chesser, was arrested preaching that those who defame and “the real Holocaust is on its the U.S. economy by reducing
think about or even agitate for after repeatedly trying to join al- Mohammed should be killed. way.” domestic trade barriers that act
jihadi violence or imposition of Shabaab, Al-Qaeda’s affiliate in Comedy Central reacted with like a tax on American consumers
Sharia, by peaceful means or Somalia. He has pled guilty. appeasement and censored the and businesses, such as the
“temporary” 25 percent tariff on
imported pickup trucks that has
SOUTH page 70
E-reader News Edition Politics-Right/ 69
END
The Cost of Sugar Subsidies continued from page 67
been driving up prices ever since His changes include charging from the Obama Administration’s
Win a Holiday MashPack
the U.S. government imposed it in
1963. As economic theory and
American consumers a 2.5
percent tax on cars made in South
other job-killing initiatives. Given
the highest unemployment rates With 12 Tech and Social
facts reported in The Heritage Korea for five more years instead and weakest economy in a
Foundation’s Index of Economic
Freedom demonstrate, reducing
of eliminating it immediately, as
originally agreed to, maintaining
generation, it is just unfortunate
that Americans had to wait for it
Media Prizes [CONTEST]
Meghan Peters (Mashable!)
trade barriers—including those the 25 percent tariff on imported for so long.
we place on ourselves—increases pickup trucks for eight more This entry passed through the Submitted at 12/6/2010 1:30:17 PM
our economic growth. Exports are years, and forcing South Koreans Full-Text RSS service — if this is
We kicked off the holiday season
good, but imports create jobs for to pay taxes on U.S. pork until your content and you're reading it
by telling you about some of the
Americans, too. Just ask the 2016 instead of 2014. on someone else's site, please read
hottest holiday gadgets in the
longshoremen, truck drivers, Although the final document has our FAQ page at fivefilters.org/
Mashable 10 gift guide and asked
lawyers, accountants, marketers, yet to be released to the public, it content-only/faq.php
what’s on your wish lists this
and sales clerks whose livelihoods appears that despite such Five Filters featured article:
year.
depend on the streams of backtracking, KORUS will Beyond Hiroshima - The Non-
Now we’re celebrating by giving we get further into the holiday
imported goods that increase our eliminate 95 percent of barriers to Reporting of Falluja's Cancer
away a daily MashPack! Each season.
standard of living. trade in consumer and industrial Catastrophe.
weekday for the next two weeks, Check out the list of prizes below
Although KORUS was goods between people living in
we’ll give away a collection of at to see what’s in today’s
completed over three-and-a-half the United States and those living
least 12 favorite tech and social MashPack, and see details on how
years ago, President Obama in South Korea within the next
media wish list items. A different to win!
refused to submit it to Congress five years.
grand prize will be added each
until he put his Administration’s If so, this trade agreement will WIN page 71
day, getting bigger and better as
mark on it. represent a welcome deviation
Happy holidays from Mashable! table entertainment! Griffin highlighting panoramic, two-page Folds with words by Nick Hornby residue if film is removed. Power
How To Win Today’s MashPack Technology AirCurve Play spreads, and the paper’s for what The Huffington Post Support USA iPhone4 Designer
Tweeting for today’s MashPack The AirCurve Play acoustically pearlescent sheen coating adds a calls “one of the most interesting Collection Cases
will end Tuesday, December 7 at amplifies the speaker of your luminous glow to your photos. collaborations of the year.” This Power Support has teamed up
12 p.m. ET. Please use your real iPhone without batteries, cables or The elegant custom cover features special deluxe edition includes the with cutting-edge designers Tibi,
identity in the submission so that electricity. It collects the sound a photo of your choice under a album on CD and vinyl, four short Rachel Pally and Rory Beca to
we may contact you via e-mail, from the built-in speaker of your protective laminate and a full- stories by Nick Hornby, and 15 create a set of super stylish air
Twitter or Facebook to let you iPhone, amplifies it in a built-in grain glove leather wrap around images by acclaimed jackets. Measuring under 1 mm,
know that you’ve won. We’ll coiled waveguide, and projects it the spine and back cover is photographer Joel Meyerowitz, all the jacket snugly hugs the back of
announce the winner after the out into the room. AirCurve’s available in five colors. in a hardbound, 152-page book. your iPhone 4. You can keep your
contest closes. At this time, the transparent polycarbonate body Skullcandy Headphones Hard Candy Mobile Phone Cases phone protected from dings and
contest is limited to those 18 and lets you appreciate the Skullcandy headphones are Hard Candy Cases merges fashion scrathes while looking
older in the U.S. Sony MHS-TS10 waveguide’s graceful curves, known for their funky fashion and and function to distinguish and fashionably fresh with the Power
Bloggie Touch HD Camera inside, that do all the work. Its durable design. Their style is in protect mobile phones from the Support Designer Collection. It’s
Sony’s Bloggie Touch camera internal engineered waveguide line with an impressive list of wear and tear of daily use. It’s one a win-win for any iPhone 4
captures Full HD video and 12.8- requires no power, making it a celebrities who endorse the brand, of the fastest growing brands in owner! Twournal Twitter Journal
megapixel still shots with the perfectly portable audio/video including rap czar Snoop Dogg; the Apple accessories industry Twournal allows you to create,
simple touch of its single record conference phone, and self- snowboarding legends Terje with distribution in the United buy and sell Twitter books printed
button. The large touch screen contained music player and video Haakonsen, Mark Frank Montoya States, Singapore, Mexico, Saudi from your tweets. All Twournals
showcases your photos and viewer. Caseable Custom- and Devun Walsh; skate pros Arabia, South Africa, France, have color covers, can include
videos, which are stored on built- Designed Mashable Laptop Case Lizard King, Theotis Beasley and Puerto Rico, Thailand, Indonesia, replies and Twitpic/Tweetphoto/
in memory. Its size makes it Caseable, a startup based right in Greg Lutzka; surf rulers Mick Ireland, UK and Malaysia, among Yfrog pictures in color or black
readily available from your pocket Mashable HQ’s backyard — Fanning, Owen Wright, Kolohe others. Power Support USA iPad and white. You can choose a
or purse, and you can easily Brooklyn, New York, creates Andino, the Gudauskas brothers, Leather Sleeve Constructed with custom picture for your front
upload your photos and videos to handmade, customized cases for and Clay Marzo; as well as free- premium quality leather, the cover. Select which tweets you
your favorite social networking just about any size laptop or ski greats Tanner Hall, Kaya Power Support USA iPad sleeve want to start and end at. And you
sites while you’re on the go. tablet. You can get any look Turski, and Tom Wallisch. protects while complimenting the can add a dedication message to
Griffin Technology you’d like by handpicking your Merkury Innovations Universal aesthetics of the device. The appear after your title.
PowerDockDual colors for each detail — even the Square Stereo Speakers sleeve’s soft inner lining prevents More About: ben folds, caseable,
Your iPad and your iPhone (or zipper! Caseable made specialized The Universal Square Stereo scratching while using this sleek contest, gadgets, Gifts, giveaway,
your iPod) get seats of honor in 15-inch Mashable cases Speakers are just one example of carrying case. Its clean design and griffin technology, hard candy,
PowerDock Dual’s built-in exclusively for our holiday Merkury Innovations’ fun and superb manufacturing techniques Holiday, lonely avenue, mashable
charging dock, while the valet MashPack winners. They’re quite stylish electronic accessories. make for high-quality iPad 10, mashpack, merkury
dish is a resting place for your snazzy, if we might say so These battery-free speakers will protection. innovations, picaboo photobook,
change, keys and whatever else ourselves. work with audio devices featuring Power Support USA iPhone4 power support usa, promojam,
might live in your pockets. It has Picaboo Madison Photobook a 3.5mm audio jack. The slim Anti-Glare Films Power Support skullcandy, sony bloggie,
an AC power supply with four Picaboo photo books can be fully design and exciting metallic USA films protect your iPhone 4 twournal
international plug adapters, 10 customized by dragging-and- colors can complement any decor. screen from scratches, dirt and For more Social Media coverage:
watt (2 amp) charging for your dropping photos and captions Their compact size make them dust while reducing glare, • Follow Mashable Social Media
iPad and 5 watt (1 amp) charging anywhere on your pages. You convenient for toting from room fingerprints and smudges. It’s on Twitter
for your iPhone or iPod. The have complete creative control to room in the house or packing specially formulated to be • Become a Fan on Facebook
screens and speakers are with powerful-yet-simple editing up for a friend’s party. Ben Folds’ compatible with retina display and • Subscribe to the Social Media
unobstructed while the batteries options. The Madison’s Lonely Avenue Deluxe Album resist glare and fingerprints while channel
get charged, so you can listen heavyweight, archival quality lay- Lonely Avenue contains 11 new protecting your screen. The static WIN page 72
while you watch. It’s perfect side flat pages are ideal for songs featuring music by Ben cling adhesive film leaves no
72 Social Media/ E-reader News Edition
WIN
Commenting Guidelines for the continued from page 71