Tuesday, August 13, 2013

Sinkhole swallows part of Florida resort villa

CLERMONT, Fla. (AP) ? It sounded like a thunderstorm as windows broke and the ground shook, but vacationers who were awakened from their rooms at a villa near Orlando, Fla., soon realized that the building was starting to collapse ? parts of it swallowed by a 100-foot sinkhole that also endangered two neighboring resort buildings.

By early Monday, nearly a third of the structure at Summer Bay Resort had collapsed. All 105 guests staying in the villa were evacuated, as were those in the neighboring buildings. No injuries were reported. The villa, with 24 three-story units, was reported as a total loss.

Inspectors remained on the scene Monday afternoon to determine whether the other two buildings near the sinkhole ? a common occurrence in Florida ? would be safe to re-enter.

The first sign of trouble came about 10:30 p.m. Sunday. Security guard Richard Shanley had just started his shift, and he heard what sounded like shouting from a building.

A guest flagged him down to report that a window had blown out. Shanley reported it to management, and another window popped. The resort's staff decided to evacuate the villa.

Shanley said the building seemed to sink by 10 to 20 inches and bannisters began to fall off the building as he ran up and down three floors trying to wake up guests. One couple with a baby on the third floor couldn't get their door open and had to break a window to get out, he said.

"It's a scary situation," Shanley said, and guests credited him with saving lives by knocking on doors to awaken them. Inside, they heard what sounded like thunder and then the storm of water, as if it were a storm. Evacuation took about 10 to 15 minutes, according to staff and witnesses.

Amy Jedele heard screams coming from one of the adjacent buildings around 10:30 p.m., and several minutes later, the sounds of sirens. She and her fiance, Darren Gade, went outside. "That's when you could hear the pops and the metal, the concrete and the glass breaking," she said.

The first portions of the building to sink were the walkways and the elevator shaft, Gade said.

"You could see the ground falling away from the building where the building started leaning," Gade said. "People were in shock to see a structure of that size just sink into the ground slowly. ... You could see the stress fractures up the side of the structure getting wider."

Then, as a part of the leaning building crumbled quickly into the ground, dust shot up around the site, amateur video of the collapse shows (http://bit.ly/1cuOc1u ).

In one of the adjacent buildings, firefighters and police officers knocking on doors woke up Maggie Moreno of San Antonio. She couldn't fully open the door to her unit.

"It sounded like popcorn," said Moreno, who was visiting with her husband, daughter and two grandchildren. "The building was just snapping."

Luis Perez also was staying at a nearby building. He said he was in his room when the lights went off around 11:30 p.m. He said he was on his way to the front desk to report it when he saw firefighters and police outside.

"I started walking toward where they were at, and you could see the building leaning, and you could see a big crack at the base of the building," said Perez, 54, of New Jersey.

Over the next five hours, sections of the building sank into the ground. Paul Caldwell, the development's president, said the resort gave all affected guests other rooms. Some visitors ? many of whom had to leave their wallets, purses and other belongings behind in the quick evacuation ? were given cash advances by Summer Bay.

The Red Cross also distributed food, clothing and medicines to vacationers who had lost their belongings in their resort rooms.

There were no signs before Sunday that a sinkhole was developing, Caldwell said. He said the resort underwent geological testing when it was built about 15 years ago, showing the ground to be stable.

Caldwell said he was awaiting further inspections to determine any damage to the second and third buildings. The resort ? with condominiums, two-bedroom villas and vacation houses in addition to standard rooms ? has about 900 units spread over a large area about 10 miles west of Walt Disney World. It is set on a secluded 64-acre lake.

Problems with sinkholes are ongoing in Florida. They cause millions of dollars in damage in the state annually. On March 1, a sinkhole underneath a house in Seffner, about 60 miles southwest of the Summer Bay Resort, swallowed a man who was in his bed. His body was never recovered.

But such fatalities and injuries are rare, and most sinkholes are small. They are caused by Florida's geology ? the state sits on limestone, a porous rock that easily dissolves in water, with a layer of clay on top. The clay is thicker in some locations, making them even more prone to sinkholes.

Last week, Florida received a $1.08 million federal grant to study the state's vulnerability to sinkholes.

Other states sit atop limestone in a similar way, but Florida has additional factors like extreme weather, development, aquifer pumping and construction.

___

Alma Rodriguez in Clermont contributed to this report.

Source: http://news.yahoo.com/sinkhole-swallows-part-florida-resort-villa-194010118.html

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China?s Twitter-like Sina Weibo service now has over 50 million active users per day

China?s Twitter-like microblogging platform Sina Weibo has reached 54 million daily active users as of June this year, up 8.3 percent from the figure recorded in March, according to latest figures released in its Q2 2013 earnings today, as spotted in a TechWeb report.

In comparison, Twitter ? which is blocked in China ? hit 50 million daily active users back in 2011 and passed 200 million monthly active users in December 2012.

The figures from Sina Weibo are impressive considering that it is only present largely in mainland China and some Chinese-speaking parts of the world. At the end of 2012, Sina Weibo reached 503 million registered accounts.

However, Sina previously admitted that it believes?time spent on Weibo is down?because of competition from rival Tencent?s WeChat messaging service. It seems like user growth has slowed indeed.?The Chinese service had 46.2 million daily active users as of last December, up 82% year-on-year ? but it is a tough task to get the pace of growth up to that level again.

Source: http://thenextweb.com/asia/2013/08/13/chinas-twitter-like-sina-weibo-service-now-has-over-50-million-active-users-per-day/

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Two suspected al Qaeda militants killed in Yemen drone strike

ADEN (Reuters) - At least two suspected Islamist militants were killed in a drone missile strike in Yemen's southern Shabwa province, the latest in a surge since Washington warned of possible attacks by al Qaeda in the region.

At least 37 people have been killed in just over two weeks in a campaign targeting insurgents linked to Al Qaeda in the Arabian Peninsula (AQAP), described by U.S. officials as the most dangerous branch of the global jihadi network.

That campaign has been stepped up after intercepted communication between AQAP leader, Nasser al Wuhayshi and Ayman al-Zawahri, head of al Qaeda, along with other intelligence prompted Washington to close 19 U.S. embassies this month.

"The car was completely obliterated and the two men inside it were killed," a local official said, adding the strike happened late on Monday. He gave no further details.

Yemen is one of a handful of countries where Washington acknowledges using drones, although it does not comment publicly on the practice.

Security in Yemen is of regional and global importance.

AQAP has previously plotted unsuccessfully to attack international airliners and is seen in Washington as a potential threat to Yemen's neighbor Saudi Arabia, the world's top oil exporter, and Red Sea oil tankers.

On Monday, AQAP leader Wuhayshi said he would free jailed Islamist militants soon.

(Reporting by Mohammed Mukhashaf; Writing by Mahmoud Habboush; editing by Sami Aboudi and Elizabeth Piper)

Source: http://news.yahoo.com/two-suspected-al-qaeda-militants-killed-yemen-drone-075844878.html

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Monday, August 12, 2013

Inventor Musk to share plans for high-speed travel

File- This June 15, 2012 file photo shows SpaceX CEO and Chief Designer Elon Musk pausing during his commencement speech for Caltech graduates in Pasadena, Calif. Twice as fast as an airplane, cheaper than a bullet train and completely self-powered: that's the mysterious transportation system that inventor and entrepreneur Musk is promising to reveal design plans for Monday Aug. 12, 2013. (AP Photo/Damian Dovarganes)

File- This June 15, 2012 file photo shows SpaceX CEO and Chief Designer Elon Musk pausing during his commencement speech for Caltech graduates in Pasadena, Calif. Twice as fast as an airplane, cheaper than a bullet train and completely self-powered: that's the mysterious transportation system that inventor and entrepreneur Musk is promising to reveal design plans for Monday Aug. 12, 2013. (AP Photo/Damian Dovarganes)

(AP) ? Twice as fast as an airplane, cheaper than a bullet train and completely self-powered: that's the mysterious transportation system that inventor and entrepreneur Elon Musk is promising to reveal design plans for Monday.

Musk has been dropping hints about his "Hyperloop" system for more than a year during public events, mentioning that it could never crash, would be immune to weather and would move people from Los Angeles to San Francisco in half an hour.

Coming from almost anyone else, the hyperbole would be hard to take seriously. But billionaire Musk ? who sold his first computer program, a $500 space game called Blastar, at age 12 ? has earned his reputation as an inventor and entrepreneur, co-founding online payment firm PayPal, electric luxury carmaker Tesla Motors Inc. and rocket-building company SpaceX.

During a Tesla earnings call Thursday, Musk said he would reveal plans for the Hyperloop on Monday. But he said he is too focused on other projects to consider actually building it.

"I think I kind of shot myself by ever mentioning the Hyperloop," he said. "I don't have any plans to execute, because I must remain focused on SpaceX and Tesla."

He said he would fulfill his commitment to publishing a design, and he said he invites critical feedback after its release Monday to "see if the people can find ways to improve it." It will be an open-source design, meaning anyone can use it and modify it.

Also Thursday, Musk said during a Google Hangout with Sir Richard Branson about entrepreneurship, "It does involve a tube, but not a vacuum tube."

His hints and promises have prompted a flurry of online speculation.

Canadian John Gardi, a self-described "tinkerer," posted online and tweeted his conjecture a few weeks ago to Musk.

"I believe that Hyperloop is merely a modern day version of the pneumatic tubes used in banks, stores, and industry to move money and small items over long distances or to other floors of a building," he said.

Musk responded, "Your guess is the closest I've seen anyone guess so far."

Associated Press

Source: http://hosted2.ap.org/apdefault/495d344a0d10421e9baa8ee77029cfbd/Article_2013-08-12-Hyperloop%20Travel/id-ff844e5bbca244e2afc0c9cdef159296

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Sunday, August 11, 2013

Voice over IP is ? | What is this ? - Top definitions

Voice over IP is a methodology and group of technologies for the delivery of voice communications and multimedia sessions over Internet Protocol (IP) networks, such as the Internet. Other terms commonly associated with VoIP are IP telephony, Internet telephony, voice over broadband (VoBB), broadband telephony, IP communications, and broadband phone service.

The term Internet telephony specifically refers to the provisioning of communications services over the public Internet, rather than via the public switched telephone network (PSTN). The steps and principles involved in originating VoIP telephone calls are similar to traditional digital telephony, and involve signaling, channel setup, digitization of the analog voice signals, and encoding. Instead of being transmitted over a circuit-switched network, however, the digital information is packetized and transmission occurs as Internet Protocol (IP) packets over a packet-switched network. Such transmission entails careful considerations about resource management different from time-division multiplexing (TDM) networks.

Early providers of voice over IP services offered business models and technical solutions that mirrored the architecture of the legacy telephone network. Second generation providers, such as Skype, have built closed networks for private user bases, offering the benefit of free calls and convenience, while potentially charging for access to other communication networks, such as the PSTN. This has limited the freedom of users to mix-and-match third-party hardware and software. Third generation providers, such as Google Talk have adopted the concept of federated VoIP ? which is a departure from the architecture of the legacy networks. These solutions typically allow dynamic interconnection between users on any two domains on the Internet when a user wishes to place a call.

VoIP is available on
computers, and on Internet access
messages may be sent over 3G or
many smartphones, personal
devices. Calls and SMS text
Wi-Fi.
The H.323 protocol was
protocols that found widespread
traffic, as well as local area
since the development of
such as MGCP and SIP, H.323
limited to carrying existing
particular, the Session Initiation
VoIP market penetration.
one of the 1st VoIP
implementation for long-distance
network services. However,
newer, less complex protocols
deployments are increasingly
long-haul network traffic. In
Protocol has gained widespread
-
These protocols can be
software, such as Jitsi, or
Google Talk.
used by special-purpose
integrated into a web page, like
-
It is becoming
telecommunications providers to use VoIP
public IP networks to connect
interconnect with other telephony
often referred to as ?IP
increasingly common for
telephony over dedicated and
switching centres and to
network providers; this is
backhaul?.
Because of the
costs that VoIP technology
are migrating from
systems to VoIP systems to
costs. In 2008, 80% of all new
internationally were VoIP.
bandwidth efficiency and low
can provide, businesses
traditional copper-wire telephone
reduce their monthly phone
PBX lines installed
-
VoIP solutions aimed at
unified communications
communications?phone calls, faxes, voice
conferences and more?as discrete
delivered via any means and to any
Two kinds of competitors
space: one set is focused on
enterprises, while another is
business market.
businesses have evolved into
services that treat all
mail, e-mail, Web
units that can all be
handset, including cellphones.
are competing in this
VoIP for medium to large
targeting the small-to-medium
-
VoIP allows both voice
be run over a single
significantly reduce infrastructure
and data communications to
network, which can
costs.
The prices of
for PBX and key systems.
commodity hardware, such as
closed architectures, these
interfaces.
extensions on VoIP are lower than
VoIP switches may run on
personal computers. Rather than
devices rely on standard
-
VoIP devices have
interfaces, so users can often make
changes. Dual-mode phones
conversations as they move between an
internal Wi-Fi network, so that
to carry both a desktop
Maintenance becomes simpler as
oversee.
simple, intuitive user
simple system configuration
enable users to continue their
outside cellular service and an
it is no longer necessary
phone and a cellphone.
there are fewer devices to
-
In the United States the
Administration is converting its field
traditional phone installations to
carried over its existing data
Social Security
offices of 63,000 workers from
a VoIP infrastructure
network.
Communication on the IP
reliable in contrast to the
network, as it does not provide a
that data packets aren?t
sequential order. It is a
fundamental Quality of Service
implementations may face problems
network is perceived less
circuit-switched public telephone
network-based mechanism to ensure
lost, and are delivered in
best-effort network without
guarantees. Therefore, VoIP
mitigating latency and jitter.
By default, network
first-come, first-served basis.
traffic links may introduce
permissible thresholds for VoIP.
controlled, as they are caused by the
travel; however, latency can be
packets as being
DiffServ.
routers handle traffic on a
Network routers on high volume
latency that exceeds
Fixed delays cannot be
physical distance the packets
minimized by marking voice
delay-sensitive with methods such as
-
VoIP endpoints usually
of transmission of
data may be sent. Although it
less important packet in
done, especially on
transmission times are short even for
alternative to preemption on slower
digital subscriber line (DSL),
transmission time by reducing the
every packet must contain
increases relative header
traversed, not just the bottleneck
have to wait for completion
previous packets, before new
is possible to preempt a
mid-transmission, this isn?t commonly
high-speed links where
maximum-sized packets. An
links, such as dialup and
is to reduce the maximum
maximum transmission unit. But
protocol headers, so this
overhead on every link
(usually Internet access) link.
DSL modems provide
equipment, but inside they are
Mode (ATM) modems. They use
(AAL5) to segment each
53-byte ATM cells for
into Ethernet frames at the
identifier (VCI) is part of the
cell, so the transmitter can
circuits (VCs) in any arbitrary
are always sent
Ethernet connections to local
actually Asynchronous Transfer
ATM Adaptation Layer 5
Ethernet packet into a series of
transmission, reassembling them back
receiving end. A virtual circuit
5-byte header on every ATM
multiplex the active virtual
order. Cells from the same VC
sequentially.

However, a majority of DSL providers use only one VC for each customer, even those with bundled VoIP service. Every Ethernet frame must be completely transmitted before another can begin. If a 2nd VC were established, given high priority and reserved for VoIP, then a low priority data packet could be suspended in mid-transmission and a VoIP packet sent right away on the high priority VC. Then the link would pick up the low priority VC where it left off. Because ATM links are multiplexed on a cell-by-cell basis, a high priority packet would have to wait at most 53 byte times to begin transmission. There would be no need to reduce the interface MTU and accept the resulting increase in higher layer protocol overhead, and no need to abort a low priority packet and resend it later.

Voice, and all other
IP networks with fixed
may be more prone to
traditional circuit switched
system of insufficient
connections while carrying the
while the quality of
conversations on packet-switched
dramatically.
data, travels in packets over
maximum capacity. This system
congestion and DoS attacks than
systems; a circuit switched
capacity will refuse new
remainder without impairment,
real-time data such as telephone
networks degrades
-
When the load on a link
switches experience queue
data packets are lost. This
like TCP to reduce its
congestion. But VoIP usually uses
recovering from congestion
usually entails too much
avoid the undesirable loss of
transmitting them ahead of any queued
link, even when that bulk
grows so quickly that its
overflows, congestion results and
signals a transport protocol
transmission rate to alleviate the
UDP not TCP because
through retransmission
latency. So QoS mechanisms can
VoIP packets by immediately
bulk traffic on the same
traffic queue is overflowing.
The receiver must
out of order and recover
late or not at all. Jitter
random changes in queue
path due to competition from
transmission links. VoIP receivers
incoming packets briefly in a
deliberately increasing latency to
packet will be on hand when it is
play it. The added delay is
excessive latency and excessive
interruptions.
resequence IP packets that arrive
gracefully when packets arrive too
results from the rapid and
lengths along a given Internet
other users for the same
counter jitter by storing
?de-jitter? or ?playout? buffer,
improve the chance that each
time for the voice engine to
thus a compromise between
dropout, i.e. momentary audio
-
It has been suggested to
nature of media in VoIP
of packets from the source
phone simultaneously across
temporary failures have less
quality. In capillary routing it
the packet level Fountain
codes for transmitting extra
communication more reliable.
rely on the packetized
communications and transmit the stream
phone to the destination
different routes. In such a way,
impact on the communication
has been suggested to use at
codes or particularly raptor
redundant packets making the
-
Rural areas in
their ability to choose a VoIP
generally down to the poor access
rural country areas. With the
potential for corporate users
areas to switch their
which is comparatively as
broadband connection. This
quality & user experience
areas. This method was already
surpassing all expectations.
particular are greatly hindered in
system over PBX. This is
to superfast broadband in
release of 4G data, there is a
based outside of populated
internet connection to 4G data,
fast as a regular superfast
greatly enhances the overall
of a VoIP system in these
trialled in rural Germany,
-
The Media VoIP Gateway
stream, so as to complete
well as data media. It
connecting the standard PSTN
Protocol networks. The Ethernet
modern systems, which are
that are passed via the VoIP.
connects the digital media
creating the path for voice as
includes the interface for
networks with the ATM and Inter
interfaces are also included in the
specially designed to link calls
-

Related Sites for Voice over IP

This entry was posted in Uncategorized and tagged (ip), over, packets, voice, Voice over IP, voip. Bookmark the permalink.

Source: http://topdefinitions.com/2013/08/10/voice-over-ip-is/

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Saturday, August 10, 2013

OUYA's Free The Games Fund now live, offers $1 million toward crowdfunded titles

OUYA Free The Games Fund now live, offers $1 million toward crowdfunded titles

OUYA has launched its promised fund-matching campaign to spur development of games for its recently launched Android console. Now known as the Free the Games Fund, the effort rewards successful Kickstarter campaigns with a matching $50,000 to $250,000; OUYA will back as many games as its $1 million pool allows. There are a few conditions, of course. Producers have to meet that $50,000 minimum, end their campaigns within the next year and agree to a six-month OUYA exclusive. The console maker will also stagger payments across the development cycle, although the company promises an additional $100,000 to the most successful project. If you're looking for help in building a game and are willing to take a chance on a young platform, full details of the fund await at the source link.

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Comments

Source: Free the Games Fund

Source: http://www.engadget.com/2013/08/09/ouya-free-the-games-fund/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Perry Capital to ask J.C. Penney board to replace Ullman: CNBC

NEW YORK (Reuters) - Perry Capital LLC will ask the board of J.C. Penney to replace its interim chief executive, Mike Ullman, CNBC reported on Friday, citing sources familiar with the matter.

The New York-based hedge fund will file a 13-D regulatory filing with the Securities and Exchange Commission later on Friday asking J.C. Penney to immediately seek to name Allen Questrom as chairman and Ken Hicks as chief executive, CNBC said, citing sources familiar with the matter.

Perry Capital will report a roughly 7.3 percent stake in J.C. Penney, CNBC also said.

Thomas Engibous is currently the chairman of J.C. Penney.

(Reporting by Sam Forgione; Editing by Diane Craft and Leslie Adler)

Source: http://news.yahoo.com/perry-capital-ask-j-c-penney-board-replace-172026227.html

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Thursday, August 8, 2013

ANZ GOLF WORLD - Season 1, Ep 21

Thursdays 11.15pm | Season 1, Ep 21

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Source: http://www.tv3.co.nz/ANZ-GOLF-WORLD-Season-1-Ep-21/tabid/3692/articleID/94496/MCat/2891/Default.aspx

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Ariana Grande's 'Yours Truly' Tracklist Features Collabs With Big ...

All hail pop?s favorite babydoll! Ariana Grande has finally pulled herself away from arduous tasks like googling unicorns and rainbows to reveal the tracklist of eagerly-awaited debut LP Yours Truly. By this stage, most of the songs have already been teased with snippets but there are some surprises. Like collaborations with rapper Big Sean and British pop star Mika.

As for the rest, there?s not much to say? although certain titles won?t do anything to stop the Mariah Carey comparisons. ?Daydreamin?? anyone? Check out the full tracklist after the jump.

Ariana Grande?s Yours Truly tracklist

1. Honeymoon Avenue
2. Baby I
3. Right There (feat. Big Sean)
4. Tattooed Heart
5. Lovin? It
6. Piano
7. Daydreamin?
8. The Way (feat. Mac Miller)
9. You?ll Never Know
10. Almost Is Never Enough (feat. Nathan Sykes)
11. Popular Song (feat. Mika)
12. Better Left Unsaid
13. The Way (feat. Mac Miller) [Spanglish Version]

Is this going in your shopping basket?

Source: http://idolator.com/7475909/ariana-grandes-yours-truly-tracklist-features-collabs-with-big-sean-mika-and-nathan-sykes

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Tuesday, July 30, 2013

Rumor: Former Knicks executive Steve Mills likely new players union head

When Stu Jackson stepped down as the VP and enforcement arm of the NBA, this rumor somehow got started around the Web (as often seems to happen): Jackson was going to take over as the head of the NBA players union.

That doesn?t make much sense ? you don?t take a guy from the enemy?s inner circle and put him in charge of negotiating the next collective bargaining agreement for you. He sees things through their eyes, not yours.

SBN?s Tom Ziller was making this point on twitter when the well connected Zach Lowe of Grantland threw out this comment:

This is not the first time we heard this rumor, it?s been thought of around the league for a while.

Mills (a former basketball player at Princeton) was the COO of Madison Square Garden, the owners of the Knicks and Rangers. His stocked dipped there in part because he helped bring in Isiah Thomas, but this is the Knicks front office so nothing is ever just that simple. He is currently the CEO of Athletes & Entertainers Wealth Management Group.

The union has been without an executive director since Billy Hunter was ousted back at the All-Star Game by a unanimous vote of team representatives. An audit of the union had raised a lot of questions about nepotism and how the union?s money was spent (but there was a lot of other issues with Hunter being let go tied back to how the lockout ended).

We?ll see if this happens, but it?s something to watch.

Either or both sides can opt out of the current CBA in 2017. One side will. If I were a betting man I would bet on another lockout then.

Source: http://probasketballtalk.nbcsports.com/2013/07/29/rumor-former-knicks-executive-steve-mills-likely-new-players-union-head/

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Saturday, July 20, 2013

How Will Apple Handle Verizon's iPhone Shortfall?

Verizon iPhoneVerizon?s got an iPhone problem and it?s not going away.

Reporting second-quarter earnings Thursday, Verizon said that more than half of the 7.5 million smartphones it activated during the period were iPhones. That?s a big number and good news for the carrier. But sadly it?s not nearly good enough to significantly pare down its ballooning iPhone purchase commitment to Apple.

Verizon must sell $23.5 billion worth of iPhones this year to satisfy the agreement it made with Apple in 2010, according to an analysis of SEC filings by former Sanford C. Bernstein & Co. analyst Craig Moffett. And at the rate it?s currently going, it has very little chance of doing that. To date, Verizon?s reported iPhone sales have lagged so far behind its commitments that Moffett figures the company is likely headed toward a shortfall of more than $12 billion.

And that?s a problem not just for Verizon, but for Apple as well. Obviously, the company would rather not advertise that a high-profile carrier like Verizon has fallen so far short of its purchase obligations for one of its flagship products. But there?s far too much money at stake here for it to simply grant Verizon amnesty. It?s quite the conundrum for Apple ? more so now that its shareholders and other carrier partners are aware of it. Apple?s negotiations with Verizon will likely be materially different simply because Verizon?s iPhone shortfall is no longer a secret.

?Apple will undoubtedly get pressure from its shareholders to realize the value that it is due,? Moffett told AllThingsD. ?And other carriers around the world will be watching what happens with Verizon to see whether their own contracts with Apple are enforceable. All that puts more pressure on Apple than would otherwise be the case.?

Will that be impetus enough for Apple to take a hard line against Verizon when the time comes? Will it enforce its contract and mete out a penalty to the No. 1 U.S. carrier by subscribers? And what tack will Verizon take here? Lower-than-expected iPhone sales figures weren?t what Verizon was expecting when it made that multibillion-dollar commitment to get Apple?s smartphone on its network. The carrier could use that disparity to win some sort of concession from Apple ? smaller purchase commitments for its next contract or perhaps even lower up-front prices.

But beyond that? Hard to say, as Moffett ? who has begun referring to the issue as the ?Heisenberg Principle of iPhone Uncertainty? ? notes.

?I have no way of guessing what might happen at the end of the contract,? he said. ?It seems unlikely that Apple would force Verizon to simply cut them a check. On the other hand, the words ?purchase commitments? are Verizon?s, not mine, and it seems equally unlikely that Apple would simply forgive a shortfall of that magnitude.?

Verizon did not respond to a request for comment on the matter; Apple declined to provide one.

Source: http://allthingsd.com/20130719/how-will-apple-handle-verizons-iphone-shortfall/

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Moto X: Google teases its 'worst kept secret'

The Moto X will be manufactured by Motorola Mobility, which was acquired by Google last year.?

By Matthew Shaer / July 19, 2013

The Google offices are seen near the city centre in Dublin, on July 8, 2013. Google is close to unveiling a new smartphone called the Moto X.

Reuters

Enlarge

Motorola has begun sending out invitations to a launch event for the Moto X, a smart phone that's been called the company's "worst kept secret."?

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A quick recap, for anyone who's missed the Moto X furor: Last May, Google officially closed its multimillion-dollar acquisition of Motorola Mobility, Motorola's cell phone division. In the ensuing months, we heard plenty of rumors about the Moto X, which will be the first high-powered smart phone manufactured by the Google-owned Motorola Mobility (others are expected to follow shortly after the Moto X launch).?

Google CEO Larry Page has said he's "very excited" about the device and Eric Schmidt, the executive chairman at Google, has been spotted using a white handset believed to be the Moto X. Yesterday, Motorola even tweeted a picture of the Moto X being assembled (granted, you can't see the phone itself ? only a dude in a white coat eyeballing a piece of hardware).?

Now we've got the invitation to the event, which will take place on Aug. 1 in New York. As Roger Cheng of CNET notes, the invitation doesn't exactly speak volumes about the phone: It's just a bunch of hip-looking people and the words "Moto X."?

So what will the Moto X look like? And how will it perform? Well, chances are, given the pedigree of the two companies, we're going to be dealing with a high-end piece of hardware running the latest Android OS with some sort of Motorola UI on top. Over at eWeek, Don Reisinger has assembled a list of the "must-haves" on the Moto X ? a list that includes a big screen, 4G LTE capability, and "clarity that it's a Google product."?

"Years ago Motorola was one of the top-selling mobile phone brands and one that people trusted, but that's no longer the case," he writes. "Search and cloud giant Google, on the other hand, is among the most admired tech companies on the planet these days. To give the smartphone the best chance of success, Google should make it abundantly clear to all customers that the Moto X is its baby, even if it is designed and manufactured by Motorola."?

For more tech news, follow us on?Twitter @venturenaut.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/WJBwap60HxU/Moto-X-Google-teases-its-worst-kept-secret

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Cover your eyes: NASA, ESA set to bring broadband speeds to space using lasers

NASA, ESA set to bump space internet speeds to 622 Mbps with frickin' lasers

NASA and the European Space Agency (ESA) will soon bring a much-needed data link speed increase between satellites, spacecraft and Earth using laser beams, according to Nature. ESA will get the ball rolling on July 25th when it launches the Alphasat, which will communicate at 300 Mbps with the German Tandem-X satellite over an experimental optical communication terminal. NASA's LADEE Lunar Atmosphere and Dust Environment Explorer (which launches September 5th) will take a different tack, however. That mission will communicate directly with the Earth all the way from the moon's orbit, thanks to an atmosphere-penetrating AM-style modulated infrared laser beam and eight ground telescopes. The use of lasers helps both missions avoid radio interference in space and on earth, while bringing six times greater speed from the moon than a radio-based system. Just to be on the safe side, though, NASA does have a backup radio link for LADEE -- as good as lasers are, they can't cut through a solid cloud layer.

Filed under: , ,

Comments

Via: The Register

Source: Nature

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ZSrrwGWG9Ng/

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Emmy Reactions: Benedict Cumberbatch 'Over the Moon' About 'Parade's End' Nomination

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Source: entertainment.msn.com --- Thursday, July 18, 2013
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Source: http://entertainment.msn.com/tv/article.aspx?news=818769

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Official Firefly Online Game Announced For iOS And Android ...

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Joss Whedon?s Firefly has something of a cult-following, especially since the show was cancelled in its prime, at least that?s what fans seem to say, and if you?re a fan of the series and the movie, you?re in luck because you will now be able to enjoy more Firefly content thanks to the official game which has been recently announced at SDCC 2013. Dubbed Firefly Online, the description of the game reads, ?a multi-user, social online role-playing game that will initially be available for smartphones and tablets, including those based on iOS and Android operating systems.?

While the PC version of the game has yet to be announced, a response to a commenter revealed that the developers will probably wait and see how things go with the mobile launch before committing to a PC version. The game will see players captain a ship and hire crew and trade with other players while completing missions. Developed by QMXi and Spark Plug Games, Firefly online is expected to be released in the summer of 2014 which sadly is still pretty far off, but in the meantime you will be able to check out the game?s announcement in the video above. So, who else out there is excited by this piece of news?

Related articles:

Source: http://www.ubergizmo.com/2013/07/official-firefly-online-game-announced-for-ios-and-android/

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Friday, July 19, 2013

Red Army Fiction Tonight In London

Red Army Fiction is returning to the Gallery Cafe in Bethnal Green for another evening of spoken word tonight, Thursday, July 18 2013 at 8pm.

The headline act for the evening is Heidi James. Heidi?s novel Carbon was published by Blatt in October 2009 and is currently being made into a film. Her novel Wounding will be published by Bluemoose Books in 2014. Her other notable works include the novella The Mesmerist?s Daughter (2007, Apis books). She has collaborated with artists including Delaine LeBas, Gwyneth Herbert, Mike Chavez Dawson, Marisa Carnesky and Tara Darby. Heidi has an MA in Creative Writing and a PhD in English Literature, and her essays and short stories have appeared in various publications and anthologies including Dazed and Confused, Next Level, Flux, Brand, Mslexia, Another Magazine, Undercurrent, 3:AM London, New York, Paris, Dreams That Money Can Buy, Full Moon Empty Sports Bag, Pulp.net and many others.

Get down early to hear other readings.

Please note this is a free event, however on the night we will be accepting donations on behalf of the Sophie Lancaster Foundation.

Source: http://thequietus.com/articles/12870-red-army-fiction-tonight-in-london

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Thursday, July 18, 2013

This week's Burlington Union: July 18, 2013 edition

This week's edition of the Burlington Union is available tommorow,? Thursday, July 18, There's plenty of content to read and consider, including:

Well, Burlington Union readers, you are in for a treat this week. The feature article is about a historical home in Burlington, built in 1732, known as the John Winn House (a/k/a The Hens and Chickens Tavern), which is privately owned by Tim and Tricia Lynch. Many thanks to the Lynch family for their warm hospitality and interesting tour of the house. Many of the original features remain and they have taken such good care of the property. During our interview, a neighbor and his son were visiting, and Tim Lynch's Mom Ruth stopped in, and the atmosphere is cozy and warm, and this house just has a really good vibe.

Andrew Cardinale catches us up on the latest selectmen's meeting and as promised, Part II on our Alzheimer's series-which is about a presentation given by Dr. Robert Stern, Boston University professor of neurology and overseer of all clinical research conducted at BU's Alzheimer's Center. He gave a talk audience members are probably still thinking about, titled, "Alzheimer's: A time for hope."

-We also offer you terrific Public Safety, Perspectives columns by Burlington residents Rich Caplan, Peter Copppola, and Judy Wasserman), Education, Health, Calendar, Beacon Hill Roll Call, and Your News, and the next installment of our local dining options series that focuses on interesting ethic cuisines and so much more. And if you're looking for events happening in Burlington this weekend and over the next few weeks, definitely check out the "Around Town" section on Page A2.

Read on!

To pick up a copy of the Burlington Union, visit one of these stores.

To subscribe, click here.

Source: http://www.wickedlocal.com/burlington/news/x1806125833/This-weeks-Burlington-Union-July-18-2013-edition?rssfeed=true

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Product Safety Summit to Host U.S., Canada, Mexico

Playthings Staff -- Gifts and Dec, 7/17/2013 10:38:49 AM

NEW YORK - The 2013 North America Consumer Product Safety Summit in Ottawa, Canada, will bring together representatives from the U.S. Consumer Product Safety Commission (CPSC), Health Canada and the Federal Attorney's Office of the Consumer in Mexico (PROFECO) September 9-11, 2013, according to the Toy Industry Association (TIA).

All will assemble to evaluate the progress made in consumer product safety cooperation among the three countries since the inaugural summit? held in Bethesda, Maryland in 2011. The summit will feature discussions by consumer product safety regulators and representatives across a range of industries in Canada, Mexico, and the U.S. The assembly will evaluate areas of common interest and collaboration established in a Joint Statement and Cooperative Engagement Framework in 2011, including the organizations' work toward aligning toy safety standards.

The TIA's Joan Lawrence, vice president of standards and regulatory affairs, will also speak alongside representatives from the Consumer Federation of America and PROFECO on the benefits of North American and international regulatory alignment for consumers, industry and regulators. In addition to international cooperation, the Summit will cover four themes including: injury surveillance, triage and risk assessment; import, market surveillance and enforcement; outreach and awareness; and regulatory and standards development.

"TIA has a long history of working closely with governing authorities to assure the safety of children at play, and strongly advocates for the alignment of cross-border toy safety standards to help strengthen protections for children in the U.S., across North America, and around the world," said Carter Keithley, president, TIA, in a statement. "The North America Consumer Product Safety Summit is a vital opportunity for the toy industry to reiterate the importance of standards that are consistent across jurisdictions."

The first day of the Summit is open only to regulators; discussions on September 10 and 11 are open to the public and will be streamed online.

Source: http://www.giftsanddec.com/article/565278-Product_Safety_Summit_to_Host_U_S_Canada_Mexico.php?rssid=21047

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Carter says Zimmerman verdict was 'right decision'

AP jimmy carter jef 130717 16x9 608 Jimmy Carter on George Zimmerman Verdict: Right DecisionJimmy Carter

Jimmy Carter says the jury made the right call in finding George Zimmerman not guilty.

"I think the jury made the right decision based on the evidence presented, because the prosecution inadvertently set the standard so high that the jury had to be convinced that it was a deliberate act by Zimmerman, that he was not at all defending himself," C arter told Atlanta NBC affiliate WXIA-TV.

On Saturday, Zimmerman was found innocent by a jury in Florida. He shot and killed 17-year-old Trayvon Martin in February 2012, Zimmerman maintains in self defense.

The former president and Georgia governor discussed the verdict, and what it says about race in America, in an on-camera interview with the station.

"It's not a moral question, it was a legal question, and the American law requires that the jury listen to the evidence presented," Carter said. "The action that was taken in the courtroom was not to bring in the race issue at all. The prosecution avoided that subject quite clearly."

Judge Debra Nelson ruled that prosecutors could argue that Zimmerman "profiled" Martin, but only if they avoided suggesting Zimmerman profiled the 17-year-old based on race.

Asked what the Zimmerman verdict says about race, Carter compared it to other high-profile moments involving race and violence in U.S. history, such as the police beating of Rodney King and the ensuing 1992 Los Angeles race riots and the assassination of Martin Luther King, Jr.

"I think eventually, no matter how deep the moral feelings and personal feelings might be among African Americans or others, with time passing they start seeing what can we do about the present and the future and put aside their feelings about the past," Carter said. "I think that's what's gonna happen in our country."

Also Read

Source: http://news.yahoo.com/jimmy-carter-george-zimmerman-verdict-decision-215053026--abc-news-politics.html

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Wednesday, July 17, 2013

Selecci?n Sub-12 est? alojada en China Taipei

La Selecci?n Sub-12 de B?isbol de Panam? ya se encuentra instalada en China Taipei, donde participar? en el campeonato mundial de esa categor?a.

Una vez el conjunto paname?o lleg? a territorio asi?tico fueron recibidos por los oirganizadores y por personal de la Embajada de Panam? en China Taip?i. Adem?s se instalaron en el Hotel Santos de esa localidad.

Se espera que el colectivo istme?o entrene ma?ana por primera vez en China Taipei.

Panam? integra el Grupo B del certamen junto a Estados Unidos, Venezuela, Paquist?n, Hong Kong, Corea del Sur y Rusia.

El calendario de los partidos del equipo paname?o es el siguiente:

mi?rcoles 17 de julio : vs. Estados Unidos. Estadio Tien-Mou. 9:00 p.m.
viernes 19 de julio: vs. Corea del Sur. Estadio Tien-Mou. 1:00 a.m.
viernes 19 de julio: vs. Rusia. Estadio Shing-Sheng. 9:00 p.m.
domingo 21 de julio: vs. Paquist?n. Youth Park. 9:00 p.m.
martes 23 de julio: vs. Hong Kong. Estadio Shing-Sheng. 9:00 p.m.
mi?rcoles 24 de julio: vs. Venezuela. Youth Park. 9:00 p.m.

Las fechas y las horas son las de Panam?.

FOTO: Christopher Chin

Source: http://www.tvmax-9.com/deportes/noticias_detalle.asp?id_news=113576

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Obama, GOP offer differing visions on immigration

WASHINGTON (AP) ? President Barack Obama is using his presidential pulpit to press the Republican-controlled House to embrace a path to citizenship for all 11 million people living illegally in the U.S., while a top Republican says those brought to America as children should be given the highest priority for legalization.

With prospects shaky for passing an immigration overhaul in the House, the White House insisted Monday that to garner Obama's signature, any bill must satisfy the president's principles ? the path to citizenship chief among them. But Obama is leaving the particulars of how Congress gets there up to lawmakers, wary of strong-arming the process and handling Republicans an excuse to vote no.

"I cannot even begin to count the number of possibilities that could emerge through the House process. So I'm not going to," said White House spokesman Jay Carney. "What I'm saying is that the end result has to meet the president's principles if he's going to sign it into law."

He said Obama would voice those principles and the benefits of fixing immigration Tuesday in interviews with Spanish-language TV stations.

If the White House had its way, the House would simply and swiftly take up a sweeping Senate bill that passed with bipartisan support. But House Speaker John Boehner has already rejected that notion, preferring to tackle the nation's immigration laws in "bite-sized chunks."

Boehner's approach reflects the intense skepticism of the GOP rank-and-file, who say they don't trust Obama will fulfill border-security requirements in the Senate-passed bill. Although Republicans generally acknowledge they must broaden their appeal to Hispanic voters whose influence in elections is rapidly growing, many say they fear primary challenges from the right if they support a new path to citizenship.

One exception that could gain traction among Republicans would be to offer a citizenship path only to those brought here as children. Allowing only those individuals to obtain citizenship could shield Republicans from attacks by conservatives that they're giving a free pass to those who voluntarily broke the law.

"I think that group of people ? some call DREAMers ? is a group that deserves perhaps the highest priority attention," Rep. Bob Goodlatte, who chairs the House Judiciary Committee, said at an immigration-related conference in California. "They know no other country."

Goodlatte and House Majority Leader Eric Cantor, both Virginia Republicans, are working on a bill to address the status of those immigrants, although the timing is uncertain. And Goodlatte cautioned that any such measure should hinge on completion of enforcement measures to prevent parents from smuggling their children into the U.S. in the future.

Obama has kept his distance from the back-and-forth in Congress, knowing that the political imperative for Republicans will likely be more persuasive than any pressure he applies ? and that aligning himself too closely to any legislation could actually make it harder to attract GOP support.

Still, with a major component of his legacy on the line, Obama is ratcheting up his efforts to make clear to Republicans that without meaningful action on immigration, Republicans will be hard-pressed in future elections to peel Hispanic support away from Democrats. More than 70 percent of Hispanics backed Obama in his re-election last year.

From the grounds of the White House, Obama will take to the airwaves Tuesday of Spanish-language TV stations in Dallas, Denver, Los Angeles and New York. The White House said Obama will argue that immigration reform is in line with the nation's values and in the country's economic interests.

___

Associated Press writer Amy Taxin in Newport Beach, Calif., contributed to this report.

___

Reach Josh Lederman on Twitter at http://twitter.com/joshledermanAP

Source: http://news.yahoo.com/obama-gop-offer-differing-visions-immigration-204926704.html

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Horseshoe Bay Marriott Resort in Texas Hill Country Unveils Easter Weekend Activities and Specials


Austin, TX (PRWEB) April 13, 2011

With Easter just around the corner, families everywhere are making plans to celebrate the holidays. Whether spending time with extended family or wanting to take part in fun-filled activities, people looking for an ideal Easter Weekend should check out the Horseshoe Bay Resort Marriott. Located on Lake LBJ near Austin, this resort hotel has created holiday activities for Easter Weekend, starting April 22 and ending April 24.

The Horseshoe Bay Resort also offers a number of family-friendly deals to make Easter Weekend even more enjoyable. The Texas Family Fun Package gives guests at the Horseshoe Bay Marriott a hotel credit (up to $ 300), buffet breakfast, one fun pack for each child (ages 3-12), and 20% discount at the hotels Kids Club. These great savings will make Easter Weekend even more cheerful at this Texas Hill Country resort.

Throughout the weekend there are many activities planned for children of all ages, from Banana Boat rides at the full-service marina to Dive-in Movies at the hotel pool. For the little ones Easter treasure hunts for special surprises are scheduled Friday through Sunday, along with arts and crafts sessions. The Eggstravaganza on Saturday, April 23 features a petting zoo, Easter arts, crafts and much more. Finally, on Sunday guests can end their weekend with a grand Easter Brunch offering a delicious spread of classic Easter dishes along with other favorites. These are just a few of the Easter events taking place at the Horseshoe Bay Resort in Austin.

About the Horseshoe Bay Resort Marriott

Amidst the expanse and charm of Texas? Hill Country lies the breathtaking Horseshoe Bay Resort Marriott. One of the premier golf resorts in Texas, the hotel near Austin overlooks picturesque Lake LBJ and is surrounded by lush manicured waterscapes and gardens. Offering 347 rooms, the AAA Four Diamond Austin hotel and conference center offers visitors a unique yet complete Texas resort experience. Golfers can spend a few days enjoying any or all of the three Robert Trent Jones, Sr. Texas championship golf courses. Tennis players can stay in form at the hotels 16 adult tennis courts and three children courts. Also located at the Horseshoe Bay Resort is a full-service marina where guests can rent everything from kayaks to luxury cabin cruisers. Guests can relax at the hotels full service Bayside Spa. Delicious choices for breakfast, lunch and dinner await guests at any one of the seven eateries. Equipped to handle Texas meetings of any size, Marriott?s state-of-the-art meeting and function facilities boast an impressive 42,000 square feet of unique indoor and outdoor space.

About Marriott Hotels & Resorts

Marriott Hotels & Resorts is Marriott International?s original and most widely distributed brand, with 500 hotels and resorts in 60 countries. Marriott continues to inspire a balanced life on the road for discerning and high-achieving business and leisure travelers, offering warm, professional service; sophisticated yet functional guest room design; lobby spaces that facilitate working, dining and socializing; restaurants and bars serving international cuisine prepared simply and from the freshest ingredients; meeting and event spaces and services that are gold standard; and expansive, 24-hour fitness facilities. All Marriott hotels participate in the award winning Marriott Rewards frequent travel program that allows members to earn hotel points or airline miles for every dollar spent during each stay. For more information visit http://www.meetthedriven.com, or follow us on Twitter, at http://www.twitter.com/marriotthotels

# # #

from your own site.

Source: http://five-ten.org/kayak-travel/horseshoe-bay-marriott-resort-in-texas-hill-country-unveils-easter-weekend-activities-and-specials

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SEC unveils early college football TV schedule

Auburn Media Relations

Auburn will kick off the season Aug. 31 on ESPNU against Washington State.

Curious about which station will be airing your favorite SEC team's football games this fall?

As it kicks off SEC Media Days today in Hoover, the Birmingham-based league unveiled Tuesday the TV schedule for the first three weeks of the 2013 season.

ESPN, which is partnering with the SEC on its new network, has the bulk of the big games in the first two weeks of the season. That includes two opening night games on Thursday, Aug. 29 ? North Carolina at South Carolina and Ole Miss at Vanderbilt.

ESPN will have an SEC tripleheader on Aug. 31, featuring Rice at Texas A&M, Alabama vs. Virginia Tech and TCU vs. LSU. ABC, which owns ESPN, will also televise Georgia at Clemson that night. Auburn's Aug. 31 matchup against Washington State will air on ESPNU.

In the second week, ESPN once again has the two biggest games: Florida at Miami and South Carolina at Georgia. Auburn's Sept. 7 game against Arkansas State will air on Fox Sports Network. Alabama is off that week.

But CBS gets into the act on Sept. 14, when it will host one of the most anticipated matchups of the season: Alabama's rematch against Texas A&M.

The SEC said CBS has also chosen Oct. 19 and Nov. 9 for its doubleheaders.

You can check out the full early season schedule here.

Ty West is the managing editor for the Birmingham Business Journal. Click here to follow him on Twitter.

Source: http://feedproxy.google.com/~r/bizj_birmingham/~3/N8__0hp8pXs/sec-unveils-early-college-football-tv.html

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Tuesday, July 16, 2013

Privacy group: Why does Jay-Z's app check who you call?

Your gadgets

7 hours ago

BROOKLYN, NY - JULY 03:  JAY Z attends JAY Z and Samsung Mobile's celebration of the Magna Carta Holy Grail album, available now through a customized ...

Larry Busacca / Getty Images

Jay-Z attends a celebration of the "Magna Carta ... Holy Grail" album.

By downloading an app made available thanks to a partnership between Samsung and Jay-Z, Galaxy smartphone owners received free copies of the musician's latest album, "Magna Carta ... Holy Grail," three days before its official release. Now, a privacy group says that in order to claim this gift, folks were required to surrender too much information.

The complaint to the FTC, filed by the Electronic Privacy Information Center (EPIC), states that the mobile app "collects massive amounts of personal information from users, including location data and data pulled from other accounts and other apps on the users phones." Additionally, EPIC's summary of the complaint adds, the app "also includes hidden spam techniques that force users to promote the album."

Among other things, installation of the app requires users to allow the app to access their location, see who they're calling, find email addresses and social media accounts connected to their phones, and more. That's a lot of info for an app ? which has no purpose once a user downloads "Magna Carta ... Holy Grail" ? to grab, EPIC says. On top of that, the organization calls attention to how the app forces users to log in with Facebook or Twitter accounts to download it in the first place (and requires social media posts in order to "unlock" song lyrics).

"We are aware of the complaint filed with the FTC, and believe it is baseless," a statement provided by Samsung, who created the app in partnership with Jay-Z, explains. "Samsung takes customer privacy and the protection of personal information very seriously. Any information obtained through the application download process was purely for customer verification purposes, app functionality purposes, and for marketing communications, but only if the customer requests to receive those marketing communications. Our permissions are in line with other apps? standard permissions. Samsung is in no way inappropriately using or selling any information obtained from users through the download process."

In plain terms? Samsung's basically shouting "But everyone else is doing it!" while EPIC wags its finger and says that the company's got 99 problems ... and the FTC could be one.

Want more tech news or interesting links? You'll get plenty of both if you keep up with Rosa Golijan, the writer of this post, by following her on Twitter, subscribing to her Facebook posts, or circling her on Google+.

Source: http://feeds.nbcnews.com/c/35002/f/663301/s/2ebda5a4/l/0L0Snbcnews0N0Ctechnology0Cprivacy0Egroup0Ewhy0Edoes0Ejay0Ezs0Eapp0Echeck0Ewho0Eyou0E6C10A6450A31/story01.htm

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Novated Lease ? Great Way To Own A Car In Australia - Auto Candy

Many employees prefer signing in for a Novated lease agreement for purchasing a car. The concept is relatively new but been adopted by the corporate world on the fast track. Novated Lease Agreement is an agreement between the employer, employee and a car financing company. All the three parties benefit from this agreement.

The employers provide a vehicle to the employee which is financed through a leasing company. The amount of installment is made part of the employee?s salary. Many companies that require their employees to have a car of their own for marketing, distribution or business development purpose opt for this option. This also helps them satisfying employee benefit structure while fulfilling the company?s requirements. The vehicle remains the ownership of the employee who at times uses it in a company?s work as well. The vehicle is not calculated towards the assets of the company; hence repair and maintenance charges are also not borne by the company.? The Novated Lease therefore provides a vehicle which is neither an asset nor a liability for the company.

In Novated Lease, an employee has the option to lease a car of his choice. In a few cases, the company fixes a maximum limit of the installment. Depending on the maximum limit the employee can select any car and get it financed. In case the installment amount exceeds the permissible installment amount by the company, the employee can make down payment and bring down per month installment amount accordingly. The monthly installments are paid from his salary before the deduction of tax. As this reduces his taxable income, he can easily save a good amount. In Novted Lease Agreement, the ownership of the vehicle rests with the employee. Although the company pays the installment amount on his behalf, he remains the owner of the vehicle. In case he plans to switch his job, the loan can be transferred from the current employer to the new, so switching a job is also not an issue.

Other than employee and employer, the financing company is also at the benefiting edge in Novated leasing Agreements. Financing companies tend to minimize their risk while extending loans. In case of Novated Lease, the company agrees to pay installments on the behalf of the borrower which minimizes the risk that the financing party has to bear. The companies are off course more trustworthy as compared to individuals. Few financing companies make a long term agreement with the employers offering a special interest rate on all the cases of the employees of the specific employers.

As the risk factor is on the lower side, the employee can even get this loan at lower interest rate. This in turn saves him more money. So basically Novated lease helps the employee to secure car loans at lower interest rate and pay installments before the deduction of tax. The companies provide an extra benefit to the employees by providing an asset for which they are eventually playing out of their own salary. The financing companies minimize the risk factor and secure the stake amount.

Author Bio

Bart is finance consultant and a freelance blogger, he loves to write articles on car finance .He recently visited a website http://www.fincar.com.au/ and found it interesting.

Source: http://www.auto-candy.com/novated-lease-great-way-to-own-a-car-in-australia/

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Spain PM resists resignation demands amid scandal

Spain's Prime Minister Mariano Rajoy attends a bilateral signing with Poland at the Moncloa Palace in Madrid, Spain, Monday, July 15, 2013. Conservative Spanish Prime Minister Mariano Rajoy is certain to face a barrage of questions in a press conference following newspaper publication of alleged text message exchanges between him and a now jailed former party treasurer that have prompted opposition demands for the premier to resign. (AP Photo/Paul White)

Spain's Prime Minister Mariano Rajoy attends a bilateral signing with Poland at the Moncloa Palace in Madrid, Spain, Monday, July 15, 2013. Conservative Spanish Prime Minister Mariano Rajoy is certain to face a barrage of questions in a press conference following newspaper publication of alleged text message exchanges between him and a now jailed former party treasurer that have prompted opposition demands for the premier to resign. (AP Photo/Paul White)

Spain's Prime Minister Mariano Rajoy looks down during a bilateral signing with Poland at the Moncloa Palace in Madrid, Spain Monday July 15, 2013. Conservative Spanish Prime Minister Mariano Rajoy is certain to face a barrage of questions in a press conference following newspaper publication of alleged text message exchanges between him and a now jailed former party treasurer that have prompted opposition demands for the premier to resign. El Mundo published Sunday what it said were friendly text messages between Rajoy and former Popular Party treasurer Luis Barcenas. Barcenas is at the heart of a probe into a slush-fund scheme that allegedly included payments to top party figures including Rajoy. He is to be quizzed by a judge in the case again Monday. (AP Photo/Paul White)

Spain's Prime Minister Mariano Rajoy, right speaks with his Polish counterpart Donald Tusk as they walk in the gardens of the Moncloa Palace in Madrid, Spain Monday July 15, 2013. Conservative Spanish Prime Minister Mariano Rajoy is certain to face a barrage of questions in a press conference following newspaper publication of alleged text message exchanges between him and a now jailed former party treasurer that have prompted opposition demands for the premier to resign. El Mundo published Sunday what it said were friendly text messages between Rajoy and former Popular Party treasurer Luis Barcenas. Barcenas is at the heart of a probe into a slush-fund scheme that allegedly included payments to top party figures including Rajoy. He is to be quizzed by a judge in the case again Monday. Spaniards are currently coping with harsh austerity measures and tough economic reforms designed to reduce the country's debt. (AP Photo/Paul White)

Spain's Prime Minister Mariano Rajoy speaks, during a meeting with his Polish counterpart Donald Tusk, unseen at the Moncloa Palace in Madrid, Spain Monday July 15, 2013. Conservative Spanish Prime Minister Mariano Rajoy is certain to face a barrage of questions in a press conference following newspaper publication of alleged text message exchanges between him and a now jailed former party treasurer that have prompted opposition demands for the premier to resign. El Mundo published Sunday what it said were friendly text messages between Rajoy and former Popular Party treasurer Luis Barcenas. Barcenas is at the heart of a probe into a slush-fund scheme that allegedly included payments to top party figures including Rajoy. He is to be quizzed by a judge in the case again Monday. Spaniards are currently coping with harsh austerity measures and tough economic reforms designed to reduce the country's debt. (AP Photo/Paul White)

Spain's Prime Minister Mariano Rajoy, right shakes hands with his Polish counterpart Donald Tusk at the Moncloa Palace in Madrid, Spain, Monday July 15, 2013. Conservative Spanish Prime Minister Mariano Rajoy is certain to face a barrage of questions in a press conference following newspaper publication of alleged text message exchanges between him and a now jailed former party treasurer that have prompted opposition demands for the premier to resign. El Mundo published Sunday what it said were friendly text messages between Rajoy and former Popular Party treasurer Luis Barcenas. Barcenas is at the heart of a probe into a slush-fund scheme that allegedly included payments to top party figures including Rajoy. He is to be quizzed by a judge in the case again Monday. Spaniards are currently coping with harsh austerity measures and tough economic reforms designed to reduce the country's debt. (AP Photo/Paul White)

(AP) ? Spain's prime minister on Monday brushed off demands he should resign after text messages emerged showing him comforting a political party treasurer under investigation over a slush fund and secret Swiss bank accounts. The spectacle of alleged greed and corruption has enraged Spaniards hurting from austerity and sky high unemployment with no end in sight.

As Mariano Rajoy told reporters he would not step down, former Popular Party Luis Barcenas testified behind closed doors in Madrid, telling a judge investigating slush fund allegations that he gave tens of thousands of euros in secret cash payments to Rajoy and party secretary general Maria Delores de Cospedal between 2008 and 2010.

Rajoy declined to comment on specifics, while Cospedal slammed Barcenas' declarations as "new slander and lies" from a criminal suspect and said she never received cash payments from him. Rajoy insisted after meeting with Poland's premier that he will "see out the mandate the Spanish electorate gave me. This is a stable government that is going to fulfill its obligations."

Rajoy, who says neither he nor other party figures received illegal payments, did not deny exchanging text messages with now jailed former Popular Party treasurer Luis Barcenas. He insisted that the messages demonstrated that the state "was not bowing to blackmail. This is a serious democracy."

But the text messages, some analysts said, appeared to convey a tone of cronyism.

"Luis, nothing is easy," one message said. "But we are doing what we can. Cheer up."

Analysts are divided over whether the scandal could prompt an early exit for Rajoy, whose conservative party ousted the ruling Socialists in a 2011 landslide giving his party an absolute majority in Parliament and no requirement to call new elections until late 2015.

If Rajoy's position as leader becomes untenable, his party could theoretically decide he needs to go and select someone else as prime minister. It's unlikely that there would be any changes in Spain's tough austerity measures aimed at helping keep the European debt crisis at bay.

But the ever deepening scandal and its twists and turns have shaken Spaniards who saw their country teeter on the edge of a full-blown public finances bailout last year before Rajoy asked for a 100 billion euro ($130 billion) bailout of the country's hurting banks, raised taxes and cut public services ? all in the name of saving the country from ruin.

And the corruption allegations come on top of unemployment at 27 percent with the rate double that for those under age 25, plus an ill-fated elephant hunting trip by Spain's king last year seen as a shameless sign of royal excess while the economy tanked.

Sitting on a shady park bench on a hot day in downtown Madrid, guide dog trainer Juan Antonio Luna said the corruption allegations on top of the painful cuts Spaniards have had to endure keep on amazing and angering him as details leak out bit by bit .

"They raised our taxes, they cut services like national health care, and they got rid of scholarships for college students," said Luna, 56. "But there are millions (of euros) hidden away in Switzerland. If this happened in the United States, they would fire the president. Not here. They have no shame. They are raising taxes through the roof and swindling us at the same time."

Investors are closely watching the case play out without panicking yet, but Spain's already shaky image abroad is getting hammered, said Javier del Rey, a political science professor at Madrid's Complutense University.

"We're hitting new lows, with the Spanish brand tarnished across Europe," he said. "The question is if Rajoy stays, will it go down more? How is he going to be received in Brussels, London and Paris under these circumstances?"

Rajoy's leadership of his party is strong and party members fear that forcing him to step down could be make matters worse, potentially causing the party itself to implode, said Florentino Portero, a professor of contemporary history at Spain's Open University.

"But Barcenas places a question mark over whether Rajoy has the legitimacy to lead the government, particularly at a moment when strong leadership is needed to carry out the reforms Spain needs," Portero said. "At a time when the government is raising taxes to unprecedented limits, threatening the livelihood of the middle classes, that the same party should be found to be hiding its own income from the tax inspectors is morally unacceptable."

The scandal started earlier this year, when allegations of irregular or illegal party member financing emerged in a scheme allegedly orchestrated by Barcenas, a top financial in the Popular Party for nearly two decades until her resigned in 2009 after being named as a suspect for illegal party funding.

Details of the case have dripped out piecemeal for months, but reached a fever pitch on Sunday, when the text messages between Barcenas and Rajoy were printed by the El Mundo newspaper.

Barcenas was jailed last month while awaiting possible trial on tax fraud and money-laundering charges after the National Court found he had held the 47 million euros in secret Swiss bank accounts. Speculation has been rampant since then that he might try to drag the party and the government into the scandal, and TV camera crews film everyone who shows up outside jail to visit him.

While the slush fund probe has rocked the party and the county, Rajoy on Monday boasted that his party's economic reforms were beginning to pay off.

"Let no one think we are going to be distracted from getting Spain out of the crisis," he said.

During his appearance before a judge held behind closed doors, Barcenas gave details of making cash payments directly to Rajoy and Cospedal over a three-year period while Rajoy was Spain's opposition leader, the leading newspaper El Pais reported. The private news agency Europa Press said Barcenas claimed to have given 25,000 euros to Rajoy and Cospedal in 2010 alone but acknowledged there were no receipts.

He also reportedly confirmed the authenticity of ledger sheets handwritten by him and published by El Mundo last week allegedly documenting other under-the-table payments to Rajoy and other party leaders. El Mundo said the documents showed Rajoy received at least 42,000 euros in payments while serving as a government minister between 1997 and 1999.

Other Popular Party members portrayed Barcenas as a liar and a tax cheat who is trying to save himself by falsely implicating Rajoy.

"It's Barcenas who is in jail and it's up to him to explain where he got the money in Switzerland from," said Carlos Floriano, the party's deputy national organizer.

Barcenas initially claimed the money stemmed from private business deals. But last week El Mundo quoted him as saying the Popular Party has long been illegally funded.

Economy Minister Luis de Guindos dismissed suggestions that the scandal was affecting Spain's economic credibility, noting that Spanish stocks rose slightly on Monday and interest rates eased on the nation's benchmark 10-year bond.

"As regards international investors," he said, "nobody has asked me about this."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-07-15-Spain-Corruption/id-dd6d58724a0e4c678bb90c6a0abec0ff

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