The Nexus 7 is now a little more awesome. Google just released the details on a significant update that includes larger storage options for less money. Starting today, the Nexus 7 is available with 16GB for $199 and 32GB for $249. There is also a $299 32GB 3G model, providing Google plenty of ammo to fight off Apple and its new iPad mini.Source: http://feedproxy.google.com/~r/Techcrunch/~3/6Q6NDqH95wo/
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NEW YORK (Reuters) - U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers' homes, as markets prepare to open for business on Monday even as Hurricane Sandy brings public transportation to a halt.
Hurricane Sandy is expected to slam into the East Coast on Monday night, bringing torrential rains, high winds, severe flooding and power outages, forecasters said. The rare "super storm," created by an Arctic jetstream wrapping itself around a tropical storm, could be the biggest to hit the U.S. mainland.
New York's subway, bus and rail systems will suspend service by 7 p.m. EDT on Sunday which means there will be no public transportation into or within the city. About 8.5 million commuters use the Metropolitan Transit Authority's rail, bus and subway lines daily.
New York City Mayor Michael Bloomberg closed public schools and ordered an evacuation of 375,000 people in coastal areas including the Battery Park neighborhood, just a few blocks from the New York Stock Exchange, City Island in the Bronx and Staten Island.
Spokesmen for NYSE Euronext and Nasdaq OMX Group said they still planned to open exchanges for trading on Monday, but would monitor the situation for any changes.
The New York Stock Exchange has arranged accommodations for essential staff near its lower-Manhattan headquarters, while other employees have been encouraged to work from home or alternate locations, said a person familiar with the situation.
"Everybody on Wall Street has hotels booked for essential personnel," this person said, adding that the stock exchange would need several hundred people, compared to its usual 1,000, on the floor to keep trading going.
The major exchanges and most big trading firms have alternate trading facilities if downtown Manhattan is inaccessible, but the storm's wide path may affect a number of sites in the New York metropolitan area. Authorities have warned of possible widespread power outages that could last for days.
"The word going around the floor on Friday was people should expect this to happen. In the event the exchange does not open, they will trade electronically though," said Ken Polcari, managing director for ICAP Equities.
"If that happened, it's probably going to be very muted volume," he said.
A spokesman for Goldman Sachs, whose office is located within the evacuation area, said the firm has plans in place to ensure the safety of its people and that operations continue. Representatives of other large financial institutions, such as Citigroup Inc and JP Morgan Chase, described similar plans.
BACKUP POWER
The NYSE has not had to delay the open for a weather-related issue since a blizzard hit the New York area in January 1996.
In August 2011, officials feared Hurricane Irene would flood lower Manhattan and cripple business in the world's financial capital. Wall Street firms activated contingency plans and New York City ordered evacuations in lower Manhattan and shut down its mass transit system on a Saturday night in anticipation of the storm. But the flooding was minor and there were no major disruptions at the exchanges.
Before the storm passed, however, NYSE officials said while they planned to open, the final decision hinged on whether city subways were running and whether New York Harbor waters flooded low-lying downtown.
Flooding is one of the more likely worst-case scenarios that forecasters see as Sandy pushes water onto land Monday evening.
Sandy's storm surge has the potential to flood New York city's subway system if the storm arrives at or near Monday evening's high tide around 9 p.m. EDT, according to hurricane specialist Jeff Masters, who writes a Weather Underground blog. Monday is also a full moon, which creates an extra-high tide.
The NYSE has a backup power generator and said that should it have to shut down floor trading at 11 Wall Street, all NYSE-listed securities would trade on NYSE Arca, the company's fully electronic exchange. NYSE's servers are located in Mahwah, New Jersey, while Nasdaq has servers in Carteret, New Jersey.
"Preparations are in place for our U.S. markets to operate normally on Monday. If conditions change, notifications will be posted," the New York Stock Exchange said in a statement on its website.
Nasdaq OMX also said it has plans in place to ensure markets operate normally on Monday and Tuesday.
Both exchanges are in contact with trading firms and regulators, which include the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA), about the potential impact of the storm, said people with knowledge of the plans.
The Securities Industry and Financial Markets Association said it has not made any recommendations to close on Monday.
"SIFMA is currently monitoring the storm's projected path and we are in contact with public authorities and our members as we assess the possible impact of the storm to the financial services sector within the NYC area," SIFMA spokeswoman Katrina Cavalli said on Sunday morning in an e-mailed statement.
Some financial industry events have been postponed. The SIFMA Internal Auditors Society Annual Conference scheduled for Monday and Tuesday in New York has been delayed to December. The Bond Buyer's 501(c)3 SuperConference which was to take place October 28-30, will also be postponed.
(Reporting by John McCrank, David Gaffen, Caroline Humer, David Henry and Lauren LaCapra; Editing by Jennifer Merritt, Tiffany Wu and Maureen Bavdek)
Source: http://news.yahoo.com/wall-street-makes-plans-open-monday-even-sandy-152955498--sector.html
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WASHINGTON (Reuters) - A U.S. debt-ceiling increase could be headed for a Wall Street-rattling showdown in 2013 if Congress, as expected, shuns a quick and easy fix at the end of this year in favor of another round of last-minute brinkmanship.
Regardless of who wins the November 6 elections, many congressional aides and Capitol Hill observers are predicting that lawmakers will go right up to the deadline - probably around mid-February or early March - before increasing the $16.4 trillion limit on borrowing that is nearly exhausted.
While no one is certain of another 11th-hour fight in February or March, no one is ruling it out.
Without the bigger government credit card, the U.S. Treasury Department no longer would be able to finance government operations, forcing widespread shutdowns and default on debt payments to creditors from China to England.
It is a scenario almost exactly like the summer of 2011 when investors, credit-rating agencies and capitals around the world watched with alarm as Washington went to the brink before reaching a debt-limit and deficit-reduction deal.
Another such showdown is "always a possibility," a Republican staffer said, even though there will be an opportunity to head it off early in a post-election "lame-duck" session of Congress set to begin on November 13.
That session will be focused mainly on trying to clean up another big mess Congress has created over a series of imminent tax increases and spending cuts - known as the "fiscal cliff" - that could throw the U.S. economy back into recession if allowed to happen.
"A lot of people (in Congress) don't want it (the debt-limit increase) to be part of the lame duck," the aide said. "For many people, the situation is complicated enough as it is" with the budget and tax decisions. "So why not take one component out of the equation," the aide added.
A Senate Republican leadership aide, who also asked not to be identified, flat out predicted, "You're just going to see a focus on tax cuts and spending cuts" - and not raising the debt limit - during the upcoming post-election session of Congress.
But even the main two fiscal-cliff problems - how to parcel out a new round of deep spending cuts and how to structure tax rates - are probably too daunting for Congress to fully deal with during the short, five-week post-election session.
As a result, they will have to be revisited next year, when Democratic President Barack Obama promises to negotiate a comprehensive deficit-reduction deal if he is re-elected. Last year, he and House of Representatives Speaker John Boehner, a Republican, nearly shook hands on a $4 trillion package of spending cuts and revenue increases.
Bruce Josten, the chief lobbyist for the U.S. Chamber of Commerce, told Reuters that since the debt limit is so closely tied to those other big decisions, they all ought to be addressed simultaneously, probably in 2013.
Does that set up another bruising fight over the debt limit? "Of course," Josten replied.
Just as in 2011, the ominous debt-limit deadline will not be the only one breathing down lawmakers' necks in the first quarter of 2013.
On March 31, Washington runs out of money to pay for nearly all government activities and will be searching for a deal to fund programs through September 30, 2013.
Members of Congress - gun shy of Tea Party protests against more spending and more borrowing - probably will need the hard reality of these twin deadlines to be forced to act, according to congressional aides and budget and tax specialists outside of government.
STRINGS ATTACHED
Technically, market analysts expect the debt limit to actually be reached December 31. But they predict that Treasury Department maneuvers will allow the government to continue operating safely until mid-February. Even with last year's scares, analysts do not think it is important for Congress to increase the limit before the end of the year.
"It would be nice not to go down to the drop-dead date, but with the way the process has evolved over the last 20 years, operating on auxiliary engines is standard practice now," said Lou Crandall, chief economist with Wrightson ICAP, referring to emergency steps the Treasury Department can take to briefly delay exhausting its borrowing limit.
Representative Chris Van Hollen, a member of the House Democratic leadership, told Reuters: "It would serve the country well if we could resolve that issue (raising the debt limit) sooner rather than later ... in the lame-duck session."
But political considerations are standing in the way.
If Republican presidential candidate Mitt Romney wins on November 6, Democrats likely would want to see the next debt-limit increase - always unpopular with voters - on the new president's watch rather than on Obama's, said a Senate Democratic aide.
If Obama is elected to a second term, he likely will have to deal with a House of Representatives still under Republican control. And Boehner repeatedly has warned he is not willing to let the debt limit rise without strings attached: For every dollar of higher borrowing authority, there would have to be at least one dollar of savings.
So for example, if Obama were to seek a $1 trillion debt limit increase Congress would have to find $1 trillion in spending cuts or tax increases under Boehner's rule. That is probably too ambitious for a lame-duck session that will last only five weeks or so.
One House aide, however, suggested that if Congress during the lame duck approved a "framework" for larger deficit reduction steps next year - with details to be worked out later - that might be enough to satisfy Boehner's demand.
(Editing by Fred Barbash and Eric Beech)
Source: http://news.yahoo.com/u-congress-may-face-another-debt-limit-showdown-182412393.html
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ScienceDaily (Oct. 29, 2012) ? Uncontrolled high blood pressure can lead to serious health issues, including heart disease, kidney disease and stroke. Baylor Health Care System researchers are studying a new approach that could help normalize blood pressure -- without medication.
The Symplicity trial tests a minimally invasive procedure known as renal denervation. The experimental procedure uses heat that is generated by radio frequency to disrupt nerve communication to and from the kidneys. This can reduce overactivity in the sympathetic nervous system, a frequent cause of chronic high blood pressure.
"The sympathetic nervous system controls blood pressure and can cause hypertension initiated by life and stress," says David L. Brown, M.D., principal investigator at THE HEART HOSPITAL Baylor Plano. "This investigational device is being tested to determine if it will disrupt the sympathetic nervous system, which may significantly lower blood pressure, stop multiple antihypertensive medications, and have an effect on other conditions affected by the sympathetic nervous system."
Blood pressure is measured in millimeters of mercury (mmHg). Less than 120/80 is considered healthy. To enroll in the Symplicity trial, patients must have a blood pressure level in which the top (systolic) number is above 160. They must also be taking the maximum dose of three to five different blood pressure medications simultaneously but not achieving the desired lower blood pressure levels.
"In previous studies of this device in limited numbers of people, this simple procedure reduced patients' blood pressure by an average of about 30 mmHg, a reduction that persisted throughout subsequent assessments," says Sonia Prashar, M.S.,CCRC, research coordinator at THE HEART HOSPITAL Baylor Plano. Baylor Jack and Jane Hamilton Heart and Vascular Hospital also is participating in the study.
Two Groups Comprise the Study
Participants will be randomly assigned into two groups: One group will have the renal denervation procedure and the other group will not. (No one but the surgical team will know who is in each group.) Patients will be given home blood pressure monitors and followed up with frequently. After six months, participants who did not have the procedure may be given the option of having it done, if they still qualify.
If the study confirms that renal denervation can result in a large, persistent decrease in blood pressure, it could be excellent news for people who have high blood pressure that isn't being successfully controlled with medication.
"Improving blood pressure has a profound effect on longevity and reducing the risk of stroke," says James W. Choi, M.D., primary investigator for the Symplicity trial at Baylor Heart and Vascular Hospital. "Catheterbased renal denervation is an exciting, investigational treatment for patients with resistant hypertension who otherwise might not be able to be helped."
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Publishers and manufacturers want to use copyright to stop people selling books or watches from other countries in the US. The Supreme Court is hearing a major case today that will force it to choose between consumers and sellers.
Is this the end of the yard sales? News media are making a fuss about a court decision that lets publishers use copyright to prevent consumers from reselling imported goods.
Today, the Supreme Court will take a closer at this ?grey marketing? issue ? and decide how to balance consumers? right to use their property against owners? rights to set prices.
The outcome will affect your right to buy and sell books, music and more. Here?s a plain-English guide to what the case is about and what it means for you:
In the past, a publisher?s right to control distribution ended after they sold a book ? copyright?s ?first sale? rule. But last year, an appeals court said this rule only applied if the book (or other item) was made in the US . This means that if you resell a book or a toy made in China or the UK, you?re infringing copyright.
A Thai-born man studying at a US school realized he could buy his textbooks much cheaper in his home country. He began importing large quantities of books and reselling them on eBay. Other people began doing the same, leading publisher John Wiley to bring a copyright suit to stop this. Last year, an appeals court sided with John Wiley.
It can apply to anything protected by copyright. The case is so important because manufacturers are relying on the rule, too ? by putting artistic designs on their products so they qualify for copyright protection. That?s what watch maker Omega did a few years ago; Omega put a tiny picture on its watches ?and then sued the retailer Costco for copyright infringement (Omega was upset that Costco was buying the watches overseas and then selling below the suggested price in the US).
Here?s a look at the tiny design that Omega used to make its watches eligible for copyright protection (other companies will likely try the same trick) :
In the bigger picture, the textbook and Omega watch cases show how real time information makes it easier for sellers to engage in arbitrage ? buying goods in other markets to resell back here. Publishers and manufacturers believe the resellers are engaged in an unfair business practice and are using copyright to stop this.
That?s the problem. In the John Wiley textbook case, the appeals court didn?t set out any limits to the ?no resale? rule. This means, in theory, that anyone who resells an overseas good could be violating copyright.
In reality, it?s a pretty safe bet that publishers and manufacturers are not going to run around shutting down garage sales. But the ruling could spell trouble for used book stores, consignment stores or other merchants who sell used goods.
If you?re into the legal nitty-gritty, the Copyright Act has two sections that seem to contradict one another: One section says unauthorized imports violate a copyright owner?s exclusive right to distribution (which favors the publisher). The other section limits the rights of the copyright owner by saying the owner of a copy??lawfully made under this title? can sell it (which favors the consumer).
The court can overturn the appeals court case, leaving us to carry on as before.?If it decides to uphold the ruling, the vourt may try to limit its effect, perhaps by declaring the rule only applies in special cases. Or it may simply uphold the case and leave it to Congress to clean up the ensuing resale mess.
How does the case affect digital book or music sales?
It won?t have a big affect because, for better or worse, we don?t really own our digital books and music ? we license them from Apple or Amazon. The Supreme Court case ? which turns on physical objects we do own ? is about non-digital property.
The Supreme Court heard the same issue in 2010 when Omega and Costco argued about the watches. That case resulted in a 4-4 tie which means the lower court ruling against Costco (and consumers) was upheld.?The tie came because Justice Elena Kagan recused herself. She will cast a vote this time ? likely the deciding one. It?s hard to predict which side she will take.
Legal reporter Joe Mullin of Ars Technica has a great profile of the facts and legal background:?How a Supreme Court ruling may stop you from selling just about anything. And SCOTUSblog has the filings and more for?Kirtsaeng v. John Wiley & Sons.
(Image by Monkey Business Images via Shutterstock)
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Ta-Da!
It's here at last! Terry Hope Romero's newest book, Vegan Eats World, arrived in my mailbox last week - to much fanfare. I've long been a fan of Terry's recipes - from Veganomicon to Viva Vegan. So, when I heard she wanted testers for her book of global recipes - I kinda freaked out. As you know, gentle readers, I am a big fan of international cuisine. Testing for this book was such a delight... and I'm so delighted to finally have the finished product to flip through and drool over.Moroccan Carrot Salad
(Maybe you've seen these pictures before... but these are just a few of the 35+ recipes I tested for this book. )
Okonomiyaki
A Japanese pancake full of veggies and topped with a special sauce and sesame seeds.
We practically lost our minds over this yumminess. I can't wait to make it again!
Moroccan Tempeh Tagine with Toasted Couscous
The recipes are arranged by the usual categories like "soups," and "desserts," or whatever, but in the back there are also menus listed by country/region - so if you wanted to make an all-Veitnamese dinner bonanza, she's got you covered.
Pistachio Date Quinoa with Chickpeas
~ as good as it sounds! ~
There are a lot of recipes that call for specialty ingredients, but there are also a lot of recipes that don't - and also substitutions are given. Where I live, we don't really have any non-Western grocery stores, so I am at the mercy of whatever "international" food products my stores carry. There were some recipes I couldn't test for, because I couldn't track down the ingredients - but mostly I was able to get by and make a great dinner. Plus, when you're testing, you really have to follow the recipe, but when I'm just cooking for myself, I'll be able to make omissions or substitutions more liberally.? Also, when this book says "Vegan Eats World," it ain't kidding around. There are truly recipes from all around the globe: India, Vietnam, Japan, Korea, Mediterranean countries, Eastern Europe, Middle East, Africa, the Americas... the list goes on. It's absolutely mind boggling and awesome. Get your taste buds ready for a glorious thrill ride of new flavors.Afghan Pumpkin Ravioli with Spicy Tomato Sauce
so good, and not nearly as complicated as they look!
This book is an absolute gem, and if you enjoy cooking foods from around the world, don't mind hunting down a few new-to-you ingredients, and want a cookbook that branches out of the usual vegan fare: this is a book for you!
What's your favorite food from a foreign land?
Source: http://veganeatsandtreats.blogspot.com/2012/10/mofo-29-vegan-eats-world-glowing-review.html
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ALGEIRS, Algeria (AP) ? U.S. Secretary of State Hillary Rodham Clinton sought Algeria's assistance on Monday for any future military intervention in Mali, pressing the North African nation to provide intelligence ? if not boots on the ground ? to help rout the al-Qaida-linked militants across its southern border.
Clinton, on the first stop of a five-day trip overseas, met with Algerian President Abdelaziz Bouteflika as the United States and its allies ramped up preparations to fight northern Mali's breakaway Islamist republic.
When Mali's democratically elected leader was ousted in a military coup in March, Tuareg rebels seized on the power vacuum and within weeks took control of the north, aided by an Islamist faction. The Islamists then quickly ousted the Tuaregs and took control of half the country.
The U.N. Security Council has unanimously approved the idea of an African-led military force to help the Malian army oust Islamic militants, but its details are still unclear.
One plan would see Mali's embattled government in the south and its West African neighbors taking the military lead to battle with the militants, with the United States and European countries in support.
Any military intervention would likely require Algeria, whose reforms have headed off the Arab Spring tumult experienced by neighbors such as Libya and Tunisia and left it with the strongest military and best intelligence in the region.
Clinton said she and Bouteflika spoke at length about Mali, with the Algerian leader appearing to caution against any rash action.
"I very much appreciated the president's analysis based on his long experience as to the many complicated factors that have to be addressed to deal with the internal insecurity in Mali and the terrorist and drug trafficking threat that is posed to the region and beyond," Clinton told reporters.
She said they agreed to continue discussions with the U.N. and African nations "to determine the most effective approaches that we should be taking."
Washington is keen to eliminate northern Mali as a haven for al-Qaida in the Islamic Maghreb, which may have been involved in September's attack on the U.S. Consulate in the Libyan city of Benghazi. Mali even came up in the U.S. election campaign, with Republican challenger Mitt Romney citing the African nation's instability in a foreign policy debate with President Barack Obama.
As further evidence of the U.S. intensifying its diplomatic work in Mali, Maria Otero, an undersecretary of state for civilian security, democracy and human rights, was to travel to Mali on Monday. She is the highest-ranking Obama administration official to visit since the coup. She'll meet with Mali's prime minister, human rights activists and internal refugees.
The 15-nation West African regional bloc, the Economic Community of West African States, or ECOWAS, has discussed sending 3,000 troops to help oust the Islamist militants from the north. Many, though, question how Mali's weak military could take the lead on such an intervention and analysts believe more ECOWAS soldiers would be needed to take and hold the France-sized desert area now controlled by the militants.
While the U.S. wants to see the rebels routed, it has no interest in active involvement in the military mission, unless Mali and West African states explicitly ask for such assistance, a senior American diplomat in Africa said. The official demanded anonymity because he wasn't authorized to speak publicly on the matter.
From Algeria, Clinton left for three days of talks in the Balkans, arriving Monday night in the Bosnian capital of Sarajevo.
She plans to join the European Union's top diplomat in meetings with the leaders of Bosnia, Serbia and Kosovo, urging those nations to make the necessary reforms to join the EU and NATO. She'll finish with meetings in Croatia and Albania, NATO's two newest members.
Source: http://news.yahoo.com/us-seeks-algerias-support-possible-mali-move-124113234.html
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