Monday, January 28, 2013

Market Chatter-Corporate finance press digest

Jan 28 (Reuters) - The following corporate finance-related

stories were reported by media on Monday:

* Internal reviews by banks in Singapore have found evidence

that traders colluded to manipulate rates in the offshore

foreign exchange market, according to a source with knowledge of

the inquiries.

* Bank of America has begun moving $50 billion of

derivatives out of its Irish-based operations into its British

subsidiary, The Financial Times reported.

* Barclays and Credit Suisse are both

preparing collateralised loan obligations - which bundle

corporate loans primarily for leveraged buyouts into a single

vehicle - for investment groups Pramerica and Cairn Capital,

said sources close to the deals. ()

* British insurer Admiral plans to buy law firm

Lyons Davidson to limit the financial impact of a ban on lawyers

paying for accident victims' contact details, the Mail on Sunday

reported, citing an unnamed source.

* BlackRock, the world's largest asset management

company, has taken an $80 million stake in Twitter Inc, a person

with knowledge of the deal said.

* Indonesia-focused miner Bumi Plc will announce

plans for a smaller board and a new company name as it seeks to

break with two years of damaging battles between investors, a

source familiar with the matter said.

Source: http://news.yahoo.com/market-chatter-corporate-finance-press-digest-041345754--sector.html

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Republic Wireless' Motorola Defy XT getting a software update

Republic Wireless

The Republic Wireless Defy XT should be getting a software update this evening, and it will address the two biggest issues with the phone. I've been giving the service a run to see how it compares, and the two big drawbacks seem to be sound quality, and not being able to send a text while on Wifi. Both these issues are said to be fixed with this update, as well as Wifi enhancements and bug fixes.

The OTA is slated to begin rolling out at 6PM ET, and Republic says you'll need to be on Wifi with 50-percent or higher battery power still available to get it. 

While Republic is more about disrupting the current telecommunications mess the US is in with low priced service than they are fancy cutting edge devices, it's nice to see them not let the little Defy languish away with bugs. If you're using the service, be sure to check for updates if you don't get a push notification.



Source: http://feedproxy.google.com/~r/androidcentral/~3/AzrAaXoCZhE/story01.htm

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Black and White ? Guide to Leukemia & Lymphoma Month

This year?s Leukemia & Lymphoma Month fundraiser will include a 5k race and a yard sale in addition to the return of Guy Auction, Whitman Idol, bRAVE, Battle of the Beards and Battle of the Bands.

?We?ve tried to make the events more community-oriented and involve a lot of people outside of the SGA in order to reach out to Bethesda,? SGA president Jacob Rosenblum said.

Correction: Whitman Idol has been postponed to Feb. 1. Graphic courtesy Jacob Rosenblum.

The SGA is offering students and clubs the opportunity to organize events in order to get the community involved, Rosenblum said. The G.U.Y.S. (Give Us Your Stuff) yard sale will be held Jan. 27 from 1 to 4 p.m. Students and community members can bring unwanted items to sell, and any remaining items will be donated to the Salvation Army.

?People get rid of their clutter, get new stuff and the SGA raises a lot of money. It?s a no cost event that?s pretty easy to put on and participate in,? Rosenblum said.

The Red Rush 5k is another new event that should bring the school community together. The race will replace last year?s Hoops for Heart basketball tournament. While Red Rush is scheduled to take place Feb. 10., the SGA has been planning the race since October, junior class president Jorge Richardson said.

The SGA hopes it can get a mix of students and community members to sign up for the race. If registration goes as planned, the race could bring in as much as 7,500 dollars, Richardson said. The race will rival Walter Johnson?s Burrito Mile race, Rosenblum said.

Last year's bRAVE raised over $9,000 for the Leukemia & Lymphoma society. Students danced for up to 12 hours at the school's first dance marathon. Photo by Billy Bird.

Whitman?s 12-hour dance marathon, bRAVE, is going to be even bigger this year, Rosenblum said. This year, the SGA is encouraging students to bring guests from other schools.

Rather than hiring a DJ, the SGA will use its own playlist. Students in the leadership class have been compiling house music for bRAVE since the beginning of the school year.

The rest of the events planned for Leukemia and Lymphoma month are equally impressive. This year?s Battle of the Bands on Feb. 6 will feature popular local band Dale and the ZDubs, as well as student musicians.

Guy Auction, on Feb. 13, will feature junior and senior boys selling themselves as dates to raise money. In addition, students can donate money to their favorite bearded men in the Battle of the Beards and purchase red Leukemia and Lymphoma wristbands throughout the month.

For the past three years, Walter Johnson has won the Leukemia Lymphoma Society?s high school challenge. The SGA hopes to raise more money than Walter Johnson and finally win the challenge.

With all of the SGA?s planning and preparing, Whitman?s chances of winning are high, Rosenblum said.

?This is the first year that the freshman officers have mentioned beating WJ in their speeches and we?ve got all these people outside of leadership excited,? he said. ?I really think we can do it this year.?

Source: http://www.theblackandwhite.net/2013/01/27/guide-to-leukemia-lymphoma-month/

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Riots over Egyptian death sentences kill at least 32

PORT SAID, Egypt/CAIRO (Reuters) - At least 32 people were killed on Saturday when Egyptians rampaged in protest at the sentencing of 21 people to death over a soccer stadium disaster, violence that compounds a political crisis facing Islamist President Mohamed Mursi.

Armored vehicles and military police fanned through the streets of Port Said, where gunshots rang out and protesters burned tires in anger that people from their city had been blamed for the deaths of 74 people at a match last year.

The rioting in Port Said, one of the most deadly spasms of violence since Hosni Mubarak's ouster two years ago, followed a day of anti-Mursi demonstrations on Friday, when nine people were killed. The toll over the past two days stands at 41.

The flare-ups make it even tougher for Mursi, who drew fire last year for expanding his powers and pushing through an Islamist-tinged constitution, to fix the creaking economy and cool tempers enough to ensure a smooth parliamentary election.

That vote is expected in the next few months and is meant to cement a democratic transition that has been blighted from the outset by political rows and street clashes.

The National Defense Council, which is led by Mursi and includes the defense minister who commands the army, called for "a broad national dialogue that would be attended by independent national characters" to discuss political differences and ensure a "fair and transparent" parliamentary poll.

The National Salvation Front of liberal-minded groups and other Mursi opponents cautiously welcomed the call.

THREATS OF VIOLENCE

Clashes in Port Said erupted after a judge sentenced 21 men to die for involvement in the deaths at the soccer match on February 1, 2012. Many were fans of the visiting team, Cairo's Al Ahly.

Al Ahly fans had threatened violence if the court had not meted out the death penalty. They cheered outside their Cairo club when the verdict was announced. But in Port Said, residents were furious that people from their city were held responsible.

Protesters ran wildly through the streets of the Mediterranean port, lighting tires in the street and storming two police stations, witnesses said. Gunshots were reported near the prison where most of the defendants were being held.

A security source in Port Said said 32 people were killed there, many dying from gunshot wounds. He said 312 were wounded and the ministry of defense had allocated a military plane to transfer the injured to military hospitals.

Inside the court in Cairo, families of victims danced, applauded and some broke down in tears of joy when they heard Judge Sobhy Abdel Maguid declare that the 21 men would be "referred to the Mufti", a phrase used to denote execution, as all death sentences must be reviewed by Egypt's top religious authority.

There were 73 defendants on trial. Those not sentenced on Saturday would face a verdict on March 9, the judge said.

At the Port Said soccer stadium a year ago, many spectators were crushed and witnesses saw some thrown off balconies after the match between Al Ahly and local team al-Masri. Al Ahly fans accused the police of being complicit in the deaths.

Among those killed on Saturday were a former player for al-Masri and a soccer player in another Port Said team, the website of the state broadcaster reported.

TEARGAS FIRED

On Friday, protesters angry at Mursi's rule had taken to the streets for the second anniversary of the uprising that erupted on January 25, 2011 and brought Mubarak down 18 days later.

Police fired teargas and protesters hurled stones and petrol bombs. Nine people were killed, mainly in the port city of Suez, and hundreds more were injured across the nation.

Reflecting international concern at the two days of clashes, British Foreign Office Minister for the Middle East Alistair Burt said: "This cannot help the process of dialogue which we encourage as vital for Egypt today, and we must condemn the violence in the strongest terms."

European Union foreign policy chief Catherine Ashton urged the Egyptian authorities to restore calm and order and called on all sides to show restraint, her spokesperson said.

On Saturday, some protesters again clashed and scuffled with police in Cairo, Alexandria and other cities. In the capital, youths pelted police lines with rocks near Tahrir Square.

In Suez, police fired teargas when protesters angry at Friday's deaths hurled petrol bombs and stormed a police post and other governmental buildings including the agriculture and social solidarity units.

Around 18 prisoners in Suez police stations managed to escape during the violence, a security source there said, and some 30 police weapons were stolen.

"We want to change the president and the government. We are tired of this regime. Nothing has changed," said Mahmoud Suleiman, 22, in Cairo's Tahrir Square, the cauldron of the 2011 anti-Mubarak revolt.

Mursi's opponents say he has failed to deliver on economic pledges or to be a president representing the full political and communal diversity of Egyptians, as he promised.

"Egypt will not regain its balance except by a political solution that is transparent and credible, by a government of national salvation to restore order and heal the economy and with a constitution for all Egyptians," prominent opposition politician Mohamed ElBaradei wrote on Twitter.

The opposition National Salvation Front, responding to the Defense Council's call for dialogue, said there must be a clear agenda and guarantees that any deal would be implemented, spokesman Khaled Dawoud told Reuters.

The Front earlier on Saturday threatened an election boycott and to call for more protests on Friday if demands were not met. Its demands included picking a national unity government to restore order and holding an early presidential poll.

Mursi's supporters say the opposition does not respect the democracy that has given Egypt its first freely elected leader.

The Muslim Brotherhood, which propelled Mursi to office, said in a statement that "corrupt people" and media who were biased against the president had stirred up fury on the streets.

The frequent violence and political schism between Islamists and secular Egyptians have hurt Mursi's efforts to revive an economy in crisis as investors and tourists have stayed away, taking a heavy toll on Egypt's currency.

(Additional reporting by Omar Fahmy, Peter Griffiths in London and Claire Davenport in Brussels; Writing by Edmund Blair; Editing by Mark Trevelyan)

Source: http://news.yahoo.com/seven-die-egypt-violence-anniversary-uprising-003521804.html

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Sunday, January 27, 2013

Lovetrack ? it?s not what you think?

I love riding bikes. I rode bikes as a kid, like everyone else, but I started again as an adult when I hit my mid-50s and health problems started rising. I quickly became addicted. Due to global climate change and the push-back against car-dominated design, there’s a new interest in bicycling all over the country [...]

Source: http://the-gadgeteer.com/2013/01/27/lovetrack-its-not-what-you-think/

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Home Improvement

Categories

Source: http://atixi.com/home-improvement/

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How Long Till Facebook Clones Vine? No, Facebook Should Have Invented Vine

Facebook Crystal BallFacebook used to build the future, but since the mobile era began it's been chasing what's next -- Buying Instagram, reskinning acquisition Beluga as Messenger, copying Snapchat as Poke, and now getting beat to animated photos by Twitter's Vine and Cinemagram. If Facebook doesn't bust out its crystal ball, it could get picked apart by visionary competitors, or lose its reputation for innovation.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/0iS20f7ZUuE/

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