Thursday, August 23, 2012

Investing and Cash Flow Strategies Through Insurance

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There are few strategies that could be used to invest or generate extra cash flow through insurance products. Insurance is not exactly part of my usual topics but this post is part of the Insurance Movement hosted by a buddy of mine at Good Financial Cents. It shows the importance of insurance for everybody. Since there are a few ways to invest or generate a steady cash flow by using insurance, I thought it was a good angle to use for this blog. Did you know that insurance could actually generate some great returns? Here?s how:

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Back to Back

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The first strategy is for individuals aged between 65 and 75 seeking a stable source of income. Most older investors will get rid of their equities to buy bonds and certificates of deposit. Unfortunately, both investing strategies will lead them to struggle with inflation since today?s interest rates are so low. However, there is another option; they could buy an annuity.

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The way an annuity works is quite simple; you write a check to an insurance company and it guarantees you a $ amount payable each year for the rest of your life. For example, you write a check of $100,000 in exchange of a yearly payment of $8,000 (so 8%). The amount of the annuity will depends on your age (this is why it becomes interesting only at 65 +). The problem with annuities is that they expire upon your death. So if you live only two years after signing the annuity contract, you got a very bad deal!

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This is when the ?back-to-back? expression comes into play. In addition with the annuity, an investor can also purchase a life insurance policy of the same amount. For example, you write your $100K check, get the 8K payment and buy a 100K life insurance policy (check out how to get the best term life insurance quotes). The payment will be quite expensive because you are over 65 (and this is why after 75, this strategy is useless). But between this sweet spot (65-75), you can pay something like $4,000 per year for such policy. Therefore, you are making a net of $4,000 (4%) from your investment! At your death, your estate will receive the $100K while you have been making 4% on your capital during the time of your life. Not bad, huh?

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The downsides of this strategy are:

a)????? It doesn?t protect you from inflation (your 8K will always remain the same)

b)????? Your capital is frozen until the moment of your death

The upsides of this strategy are:

a)????? You can generate a higher investment return on your capital in a secured way

b)????? The tax implication of an annuity are better than interest income

c)?????? Your capital is guaranteed

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It?s a case by case scenario and it?s highly possible that your numbers don?t match this example. But I wanted to highlight the idea so you can discuss it with your insurance broker and make the proper calculations.

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Investing Through Whole Life Insurance

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Another way to benefit from your life insurance is to invest through the cash surrender value of a whole life insurance policy. Whole life insurance policies include a possibility to put extra money (once you have paid your premium) ?inside? the policy. This account is called the cash surrender value (CSV). It?s a way to increase the value of your life insurance policy while investing in a tax sheltered investment account.

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For example, if you have a 100K whole life insurance policy and you put an extra $500 per month in it (the $500 has to be over the premium you already pay), you will grow your cash surrender value account by $6,000 per year + investment returns/losses. This means that after a year, your life insurance policy will be worth $106K (+/- returns/losses).

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The main advantage of this strategy is that you benefit from a tax free account. Profits earned within your CSV account are not taxable (since the insurance payout upon your death is tax free).

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However, this strategy is also very limiting. You usually have to buy insurance mutual funds which show the highest MERs in the industry (not a good idea) and you can?t really access your money until you pass away. Insurance brokers will tell you that you can access your CSV at any time? but it?s actually a loan that you?ll be taking on the CSV. Meaning that you will pay interest to borrow your own money!

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My thought on this strategy; use it once you don?t know what to do with your money anymore and that you have maxed out all the other ways to invest!

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Do You Know Other Ways to Use Insurance to Generate Money?

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I?d be curious to know if you have any experiences to share regarding insurance strategies. Here are a few others insurance articles I found interesting in this project:

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An Overview of the Insurance Sector

Determine Your Life Insurance Needs ? Thx to Excel!

Whole Life Insurance Sucks? And The Reason Why We Have One!

Life Insurance by Age

5 Tricks to Get The Best Term Life Insurance Quotes

You are interested in dividend investing? Check out my Free Dividend Investing eBook and don't forget to sign-up to my RSS Feeds!

Similar posts:

Source: http://www.thedividendguyblog.com/2012/08/22/investing-and-cash-flow-strategies-through-insurance/

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TV Guide Rolls Out A New iOS App For Personalized Discovery Of TV Shows

TVG_logo_mobile.jpg.0x675.clkb6gjymqfzjjorp8dn2ov0ooagu8frFor all the content that's going online, users still watch a ton of TV content on, you know, TV. But today's program grids still leave a lot to be desired, which is why TV Guide is offering up a new way for users to keep track of their favorite TV shows and discover new ones, with a new iOS app launching today. The new app is designed to help users find the shows that they're most interested in, and share them with friends. At the center of the new product is Watchlist, which lets users tag shows that they'd like to watch and then provide notifications and updates whenever those shows air live or when they're available through video-on-demand services. It also makes them easier to find on streaming services that have their own iPad apps, like ABC, ABC Family, CW, Hulu Plus, HBO GO, MAX GO, Crackle and iTunes.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/oBEEcPtyY7k/

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A much more ?rigorous? - Business Risk Management

Since I will be giving a mathematics tutorial during Thursday?s class, I thought y?all might appreciate an?entertaining and whimsical parody on the use of math in applied economics?which first?appeared in the Nov.-Dec. 1970 issue of The Journal of Political Economy, entitled ?A First Lesson in Econometrics? (at least I found it entertaining in a geeky sort of way :-) ).? Anyway, check it out!

File Attachment: JPEMathParody.pdf (30 KB)

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Source: http://risk.garven.com/2012/08/21/a-much-more-rigorous-way-to-calculate-11-2/

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Wednesday, August 22, 2012

Barry Diller sues copycat site BarryDriller.com

LOS ANGELES (TheWrap.com) - Barry Diller has found himself in yet another legal entanglement over his involvement with Aereo - but this time he's the one initiating the proceedings.

Diller filed suit Tuesday against Alkiviades (a/k/a "Alki") David, founder of the website BarryDriller.com, claiming that the site is unfairly capitalizing on Aereo's success.

The suit, filed in U.S. District Court in central California Tuesday, notes that BarryDriller.com purports to offer an identical service to Aereo, which allows users to watch over-the-air television broadcasts on devices connected to the internet.

Combined with the fact that the site bears an almost-identical name as Diller - who's backing Aereo through his InterActiveCorp (IAC) - the suit alleges that BarryDriller.com is attempting to "associate their service with Plaintiff."

"The terms 'BarryDriller.com,' 'BarryDriller' and 'Barry Driller' are substantially similar to Plaintiff's name, 'Barry Diller,' and are therefore likely to mislead consumers into believing that there is an association between Plaintiff and 'BarryDriller.com' when in fact there is not," the lawsuit reads.

Alleging false designation of origin, violation of the right of publicity and cybersquatting, the suit is seeking a permanent injunction against David using BarryDriller.com and similar names, and for the domain name BarryDriller.com to be transferred to Diller. The suit also seeks unspecified compensatory, general, statutory and exemplary damages, plus interest, attorneys' fees and expenses.

Diller's Aereo has faced its own legal challenges, but has so far weathered them. The company, which launched its service in March, was sued by the major networks for copyright violations slightly before the launch, but a U.S. district judge in New York - which is currently Aereo's sole market - shot down the networks' effort to block the service from going forward.

In May, a judge partially shot down the networks' complaint, dismissing an unfair competition claim because it was a matter of federal, not state, law.

Aereo has filed a countersuit against the broadcasters.

Source: http://news.yahoo.com/barry-diller-sues-copycat-barrydriller-com-224059288.html

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Romney raising cash from traditionally Dem cities

WASHINGTON (AP) ? Republican presidential candidate Mitt Romney is raising millions of dollars in traditionally Democratic areas this summer.

That's as his campaign has out-raised President Barack Obama for a third straight month since May.

An Associated Press analysis of campaign finance data found donors from New York to Los Angeles contributed to Romney or the Republican Party with checks both large and small.

Obama and his advisers say they will likely be outspent by November.

Last month, Romney and the GOP reported a combined $101 million in fundraising while Obama and the Democrats said they raised $75 million.

Source: http://news.yahoo.com/romney-raising-cash-traditionally-dem-cities-211152388.html

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Tuesday, August 21, 2012

Networking ROI--Independent Study Open to All Networkers > BNI ...

An associate of BNI's Founder & Chairman is currently conducting an important independent study measuring the return on investment (ROI) for any given networking organization.?

Once the results of the survey are calculated, they will be shared on www.BusinessNetworking.com and, as avid networkers, BNI members are encouraged to take part in the study by completing a very brief survey.

CLICK HERE for further details on the study and to find out how to participate in it.

Source: http://www.bni.com/BNINews/tabid/64/articleType/ArticleView/articleId/563/Default.aspx

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INTERNET GAMING UPDATE: Senate Leaders Confirm Deal, Tribes

August 20th, 2012

INTERNET GAMING UPDATE: Senate Leaders Confirm Deal, Tribes Examine Discussion Draft

As expected, federal activity to legalize Internet gaming is gaining steam in 2012, due in part to the U.S. Department of Justice (DOJ) change in legal position on the applicability of the Wire Act announced on December 23, 2011. As a result, a number of states have moved their lotteries online, and at least two (Nevada and Delaware) have passed local laws to regulate other forms of online gaming (poker and casino games).

Reports have been confirmed that the Senate Majority Leader and the Republican Whip have come to agreement and are working towards passage of a bill to authorize Internet poker. This agreement brings together proponents of legalizing Internet gaming with social conservatives opposed to Internet gaming. The reported deal would limit online gaming Internet poker while broadening the application of the Wire Act to reverse the DOJ opinion. As a result of this bi-partisan and diverse coalition, the outlook for passage of an Internet gaming bill in 2012 must be taken seriously.

At the same time, many obstacles remain. State governments that have placed lotteries online and those that wish to go further have already written Congress in opposition of legislation that would limit their ability to conduct Internet gaming. Nothing is expected to move until the after the November 6, 2012 elections.

Indian country remains very concerned that legalized Internet gaming will harm brick-and-mortal Indian gaming operations, which for more than 30 years has enabled tribal governments to begin to rebuild community infrastructure and provide essential health, education, and public safety services to tribal citizens. The Senate Committee on Indian Affairs (SCIA) has released a draft bill that seeks to protect tribal interests.

Meetings will take place throughout Indian country over the next several months to further address tribal concerns. The National Indian Gaming Association has scheduled a meeting on the Shakopee Mdewakanton Sioux Reservation for August 21st. NIGA will hold additional meetings during its Midyear Conference on the Seminole Tribe?s Reservation in Florida on September 18-19.

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Source: http://mapetsi.com/2012/08/internet-gaming-update-senate-leaders-confirm-deal-tribes-examine-discussion-draft/

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Monday, August 20, 2012

Car bomb kills eight near Turkey's border with Syria

HAKKARI, Turkey (Reuters) - A car bomb a senior Turkish politician blamed on Kurdish separatists exploded near a police station in a city near Turkey's southeastern border with Syria on Monday, killing at least eight people and wounding dozens more.

TV footage from Gaziantep showed a bus and the surrounding area ablaze and smoke billowing into the sky as firemen tried to fight the fire. Ambulances ferried casualties to hospital while anxious residents looked on.

"Unfortunately we lost eight citizens and nearly 60 people are getting treated at several hospitals according to our initial information," Erdal Ata, Gaziantep's governor, told reporters.

The explosion, which officials said was caused by a remote-controlled car bomb, is likely to further strain already tense relations between Turkey and its war-torn neighbor Syria.

There was no immediate claim of responsibility but southeastern Turkey is frequently the scene of attacks by the Kurdistan Workers Party (PKK), designated a terrorist group by Turkey, the United States and European Union.

Turkey has accused Syria of supporting the PKK, which launched a separatist insurgency in the region 28 years ago during which more than 40,000 people have been killed.

"The PKK ... is trying to provoke our citizens by targeting the civilian population directly. Our citizens must remain cool-headed," Omer Celik, deputy chairman of the ruling AK Party, wrote in his Twitter account.

ATTACK FOLLOWS TURKEY AID EFFORTS

Turkish Prime Minister Tayyip Erdogan has tried to limit the impact of the conflict in Syria, where the PKK is exerting growing authority in some border areas. Ankara believes PKK militants are receiving arms from Syrian forces.

The attack came just two days after Turkey began handing out food and other humanitarian aid on the border to refugees fleeing the 17-month-old uprising against Syrian President Bashar al-Assad.

Turkey has opened a center in Gaziantep to receive international aid but is struggling to cope with an influx of almost 70,000 refugees. Before the conflict in Syria halted trade across the border, Gaziantep was a gateway into Turkey for many Syrians.

Turkey initially cultivated good relations with Assad's administration but relations have deteriorated sharply since the Syrian uprising began. Erdogan is now one of Assad's harshest critics and has raised the possibility of military intervention in Syria if the PKK becomes a threat there.

Turkey suspects a major Syrian Kurdish movement, the Democratic Union Party (PYD), of having links with the PKK. Turkish analysts believe Assad let the PYD take control of security of some towns in northern Syria to prevent locals from joining the rebel Free Syrian Army (FSA).

Fighting between the Turkish army and PKK militants has intensified in recent weeks in Turkey's southeastern Semdinli district bordering Iran and Iraq.

Suspected PKK members ambushed a Turkish military bus in western Turkey earlier this month, an attack outside the group's regular field of operation in the mainly Kurdish southeast.

Earlier on Monday, two Turkish soldiers were killed by a landmine on a road in southeast Turkey, an attack also believed to have been carried out by PKK militants, security sources said.

(Additional reporting by Ece Toksabay and Daren Butler in Istanbul; Writing by Nick Tattersall; Editing by Andrew Osborn)

Source: http://news.yahoo.com/several-wounded-bombing-near-police-hq-southeast-turkey-181218694.html

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Palmyra family pleads for teenage runaway to return home ? Mid ...

PALMYRA, Maine ? When Sanborn Quimby went to bed on Wednesday night, his two granddaughters were home and in bed.

Sometime before 3 a.m. on Thursday morning, 15-year-old Harley McGinnis had left.

?She and her [13-year-old] sister sleep in the same room. When she got up, [Harley] was gone,? Sanborn Quimby of Palmyra said on Saturday. He and his wife, Sue, are the grandparents and guardians of the two girls and their brother, Ben, who was staying in New Hampshire at the time.

Quimby said the Somerset County Sheriff?s Department is investigating the disappearance.

?Basically, she took a few clothes, not very many. Just pretty much what she was wearing,? said Sue Quimby. ?She took her pocketbook, birth certificate, social security card, driver?s permit and her iPod. That?s about it. [Harley?s sister Helena] thought she took some pictures too.?

Harley had been threatening to run away for a while, said Sanborn Quimby.

?I don?t think she?s thinking straight at all,? he said. ?I think it?s more of a rebellious teenager thing. She?s not stupid. She planned this out very carefully. She pulled it off pretty smooth.?

Sanborn Quimby said he?s concerned about Harley and where she might go.

?We?re worried about her more than anything,? he said. ?A lot of teenagers want to leave home, but don?t realize how limited their options are. A lot of people are looking to make use of runaways, especially pretty girls.?

Only her 16-year-old brother, Ben, has been able to get in contact with Harley, who had been text messaging with her iPod.

?When she texts her brother, she basically told him to stop texting her and leave her alone,? said Sue Quimby.

Sanborn Quimby said a family friend told him he thought he saw Harley in St. Albans late Thursday morning. The people at the home on Nokomis Road said she wasn?t there, according to Quimby.

He said he hopes she is still in the area and hasn?t taken off out of state.

?I?m pretty upset and pretty down,? said Sue Quimby. ?We can?t find her. She won?t answer our calls. She won?t talk to us. We?ve been really worried about her.?

?We?d like her to at least call us, to know if she?s OK,? said Sanborn Quimby on Sunday. ?We don?t know if she?s even in the state. Nobody got texted [Saturday from her]. We have no way of knowing where she is. We?d like to have her home, but we?d like to know if she?s OK.

?Her little 3-year-old cousin Katie has been asking for her,? he added. ?She always thought quite a lot of Harley.?

Anyone who may have seen Harley McGinnis is asked to contact the Somerset County Sheriff?s Department at 474-6386.

Source: http://bangordailynews.com/2012/08/19/news/mid-maine/palmyra-family-pleads-for-teenage-runaway-to-return-home/

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Canada's Black Gold Rush

Here at Energy and Capital, we've always had a soft spot for emerging oil plays.

These plays are the first to catch my eye as they pop up across North America.

The latest one is unfolding in an unexpected place.

Granted, the farthest north I've traveled is only a few kilometers past Fort Nelson. I'm starting to get the feeling I didn't go far enough...

It turns out the Northwest Territories have a sizable shale play of their own: the Canol Shale Formation.

According to some reports, there's as much as three billion barrels of recoverable oil just waiting to be pumped out of the ground.

Wait... Where?

Though we normally think of Alberta as Canada's energy powerhouse, the province has been losing ground for years...

Since 2001, Alberta's marketable natural gas production has declined by nearly 30%, while British Columbia's gas production increased approximately 66% during the same period. And don't forget to factor in the steady slide in Alberta's conventional oil production during the last decade.

The Canol Formation, located in Canada's Northwest Territories, is the newest player on the scene.

We can expect the buzz surrounding this shale formation to heat up over the next 12 months as large oil companies like Husky and Shell begin pushing their drill bits into the ground there, which is bound to happen with three billion barrels of recoverable oil at stake.

But have you spotted the huge catch in all of this?

It's the same problem Bakken producers are having?? something we've mentioned countless times here in the pages of Energy and Capital.

We're talking about more than just laying down a few more oil pipelines...

If you're wondering why I've never made it past British Columbia on my sojourns, it's because I'd need more than my Chevy to make the trek. The few roads that stretch across the Northwest Territories aren't your typical highways.

ice road

The companies producing in this region have two options to get their rigs and equipment on site: either truck it across the few ice roads during the winter, or send it by ship when it's too warm to travel on the ice.

The severe lack of infrastructure is what's keeping the Canol Shale play from truly taking off.

Luckily, there are much bigger opportunities opening up for us...

Our analysts have traveled the world over, dedicated to finding the best and most profitable investments in the global energy markets. All you have to do to join our Energy and Capital investment community is sign up for the newsletter below. You'll also get our free report, Ultimate Oil Investors Kit.

By now, we're painfully aware of how the United States has taken Canadian energy for granted.

I can't really blame anyone for doing so. Because until now, Canada has really had only one outlet: us.

It's far cheaper to pipe their crude oil south into the lower 48 states than to ship it halfway around the world...

And considering our gluttonous need for crude nowadays ? currently sitting just below 19 million barrels of petroleum products per day ? we are happy to take it off their hands.

As far as natural gas is concerned, we've always assumed too much. This is due to the simple fact that natural gas is mostly a regional market, because the most efficient way for companies to bring natural gas supplies to market is via pipeline.

Soon, however, the U.S. won't be Canada's only customer.

Consider the billions of dollars has China spent helping to develop Canada's energy sector. The two latest deals worth $16 billion are still fresh in our minds.

Trust me; it's no coincidence that China's richest man has billions invested in Husky Energy, one of Canada's largest integrated energy companies.

Husky just so happens to be drilling two vertical wells into the Canol this winter.

What's more, China has been securing future energy supplies across the globe...

Nothing is out of bounds for the Chinese, including one of the largest natural gas deposits in North America ? which alone is worth a fortune in the Asian market.

You can learn the details of that $2 trillion Sino-Canadian gas pact for yourself right here.

Until next time,

Keith Kohl Signature

Keith Kohl

follow basic@KeithKohl1 on Twitter

A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital as well as Investment Director of Angel Publishing's Energy Investor. For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations ? all ahead of the mainstream media. For more on Keith, go to his editor's page.


Media / Interview Requests? Click Here.

Source: http://feeds.angelpub.com/~r/angel-keith-kohl/~3/W7o6eNJjJ6k/2456

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Sunday, August 19, 2012

Thomas Haden Church -- Yeah, I Saved A Guy's Life ... No Biggie! | TMZ.com

www.tmz.com:

Thomas Haden Church is not the kind of guy to save a human life and then go brag about it on camera ... he's the kind of guy to save a life and then play it off like it's no big deal ... on camera.

Read the whole story at www.tmz.com

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Source: http://www.huffingtonpost.com/2012/08/19/thomas-haden-church-yeah-_n_1804811.html

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How Data Misuse in Public Education Could Seriously Harm Society ...

As I heard Tim say about a hundred times during a weekend in DC, the misuse of high-stakes test scores is a hill to die on. We simply can?t accept the way corporate reform wants to use them.

The post below is one of six I wrote about a year ago on the use and mostly misuse of data in public schools. My argument is that while there will be a day of reckoning that will come as a result of our data misuse, we will likely not recognize that data misuse was one of its causes. What do you think? Am I being too cynical?

On Data, Part Six: Data-Driven Disruption

When you read about the pitfalls of standardized testing today, it?s difficult to avoid coming across reference to Campbell?s law.

The first time I read about Campbell?s law was in Diane Ravitch?s book, The Death and Life of the Great American School System. Anti-testing reformers allude to it often because it so aptly captures the problems inherent in NCLB?s policy of using standardized test scores to evaluate school quality and punishing those schools that don?t meet adequate yearly progress (AYP).

According to Wikipedia, Campbell?s law says:

?The more any quantitative social indicator is used for social decision-making, the more subject it will be to corruption pressures and the more apt it will be to distort and corrupt the social processes it is intended to monitor.?

Enter the Atlanta Public Schools cheating scandal, reported by PBS?s Newshour (watch the full episode).

Earlier in this series on data I made a comparison between Wall Street and public education, but there are at least two other pertinent similarities that I think must be mentioned.

In the clip from Newshour, there is some discussion around who?s to blame for the cheating we?ve seen afflict cities from Baltimore to Los Angeles to DC to Atlanta. Are the teachers and administrators the villains, or is this evidence of a more systematic problem? (Erich Martel, a DC social studies teacher, wrote convincingly on the topic here.)

In evaluating the causes of the global financial crisis of 2008, many observers appropriately note the disturbing decoupling of risk from reward for many of the world?s biggest financiers (investors got all the risk and bankers got all the reward), resulting in what?s known as moral hazard. One of the primary causes of this decoupling was investment banks? decision to transition from privately-held to publicly-owned companies. When banks sold their stock to investors, they effectively transferred the long-term risk of short-term decision-making from the banks? partners to the firm?s investors. Knowing they would not share in the punishment if and when it came, traders? incentive to mitigate long-term risk dissipated, and before long, long-term risk was exacerbated in the name of gargantuan short-term gains.

I see a similar situation occurring in many of our high-profile urban school districts. Eschewing what should be long-term educational values (e.g. civic engagement, critical thinking, effective communication, a sense of shared responsibility), districts ? and the politicians held responsible for them ? see more incentive to maximize short-term testing gains in the interest of avoiding the punishments promised by NCLB for ?failing? schools. (There are also the incentives of media prominence and near celebrity status afforded superintendents who appear to turn failing districts around.) Public education finds itself focusing on short-term gains because it?s sold its stock (i.e. the right to make its decisions) not to the public, but to those who?d have you believe that standardized tests are appropriately used as the sole indicators of school quality.

On Wall Street and in public education, the new incentive structure is unquestionably biased toward serving the short-term. The reward for the Wall Street banker is vast sums of money. The reward for the urban teacher is the right to keep his or her job. (Read the fascinating story of a teacher who anonymously admits to cheating in the Philadelphia Public Schools Notebook.) Unless your view of human nature includes the widespread capacity for people to either deny $32 million bonuses in the name of fiscal responsibility or risk losing the ability to support one?s family in the name of truth, we must accept that both of these massive problems are systematic. They?re inherent to the incentive structures. While it may be tempting to vilify both bankers for ruining the lives of millions and teachers for failing their students, it should not surprise anyone if our myopic efforts to prosecute individuals while ignoring the systems that bore them don?t produce results.

Where Wall Street and public education diverge, however, is in their respective systems? abilities to ultimately bring some sort of reckoning for abusing them. Money is a vastly better indicator of financial success than standardized test scores are of school quality. Additionally, when banks spend money they can?t afford, especially when that money is borrowed, there sooner or later comes a reckoning that need not be initiated by an independent investigation. The reckoning is inherent to the system.

No such settling of accounts is inherent to the system of standardized testing. There will be no global knowledge meltdown if our standardized tests widely misrepresent school quality, at least not as far as we will be able to judge. There is no trigger that will, years from now, demand its points back when student learning is overvalued by cheaters. When students are deprived a quality education, the effects may often be just as severe (if not more) as an economic depression on those students? communities, but the media?s privileged perception of those communities often focuses on other causes of their hazardous condition.

There will be no proper accounting for miseducation?s future impact on society. We will not be able to place a neat number on it, like 12 trillion. But when we create a school system that sees its end goal in boosting annual numbers that indicate little about school quality, and then insists on disrupting education in schools that fail to meet them, it should give us cause to wonder what?s really being driven by the data.

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Source: http://atthechalkface.com/2012/08/18/how-data-misuse-could-seriously-harm-public-education-without-us-ever-knowing/

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Saturday, August 18, 2012

Gamescom 2012 wrap-up

Gamescom 2012 wrapup

Cologne, city of cathedrals, chocolate museums and -- at least for the last week -- a little bit of cosplay. While Gamescom largely concentrated on the latest titles coming in the next year, there was still plenty to see for gadget obsessives -- especially when it came to PC mice and keyboards. Sony also had a few tricks up its sleeve at its press event before Gamescom had even begun in earnest. After the break, gorge on all the gaming hardware of note, in case you missed it on the first round. Tschüss!

Gallery: Gamescom 2012

Continue reading Gamescom 2012 wrap-up

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Gamescom 2012 wrap-up originally appeared on Engadget on Fri, 17 Aug 2012 10:00:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/08/17/gamescom-2012-wrap-up/

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Peaceful world my sincerest wish: Chinua Achebe

By Nasrin Pourhamrang

Recently, the classic African novel ?Things Fall Apart? by Nigerian author Chinua Achebe was translated into Persian by Ali Hodavand and released in Iran. Nasrin Pourhamrang, Editor-in-Chief of Hatef Weekly Magazine interviewed the author on a wide range of topics from Art, culture and literature;politics, cultural and linguistic preservation; to the legacy of colonialism and his forthcoming book there was a Country-A personal history of Biafra.

Technology has come to the help of the borderless world of art and literature and has eliminated the geographical frontiers. How do you feel about the fact that your novel has been translated into Persian and that Iranian readers can read some of your works for the first time and make an acquaintance of Chinua Achebe?

I received the news of the Persian translation of Things Fall Part with great joy!Of course, one of the goals of any writer is to connect with his or her readers. Things Fall Apart in particular, indeed all my books, have enjoyed a warm readership. I am particularly grateful for the effort of the translators of my work.

They extend the reach of Art, in this case stories, to more people who may not have encountered them in the original English. I am told with this Persian translation that Things Fall Apart now exists in nearly 60 world languages! It is a wonderful blessing and I am deeply, deeply, grateful! So, the fact that readers in Iran can also read my work is very important to me.

Are you familiar with Iran, its culture and civilization? Have you ever heard of the artworks of Iranian artists as well as the work of her authors and writers?

I am a life-long student of Literature, History, Art and Culture. I can?t, however, claim to be an authority on Iranian history and culture. Let me also confess that I was caught looking through my Encyclopedia Britannica before this interview ? my grandchildren insist that no one does that anymore!

Nevertheless, I am aware of the writings of Herodotus on the Persian Empire and the spectacular golden art work of the Achaemenid period. I have always wanted to see the ruins of Thachar palace and Persepolis; the Quajarid reliefs, paintings from Iranian antiquity and the beauty of Persian calligraphy up-close. Of course, Persian carpets, as you are well aware, are adored the world over.In university, we encountered stories about great Persian emperors like Cyrus the Great who Alexander the Great revered. Also Darius the Great?and the later emperors.

As a writer, as you might expect, I have a special interest in the ancient scrolls of Persian philosophy. I have also been taken with the medieval poetry of Rumi, Hafez, Sa?adi, Khayyam, Farrid Attar; as well asepics such Shahnameh (The Book of Kings) by Ferdowsi. Modern Iranian classics such as The Blind Owl byHedayat and Sin by Farrokhzad should be required reading around the world, in my opinion. On my desk is Cypress Tree by Kamin Mohammadi, who I understand, is a very talented young female writer.

Chinua Achebe

What will you say if I ask you to talk directly to the Iranian audience and discuss your concerns and wishes with them?

?Peaceful co-existence between all racial and religious groups is my sincere wish for mankind?

After the ancient civilizations of Africa, there are no peoples older than those that inhabit what the British first called ?the Middle East.? The great world religions come from this part of the world. Islam and Judaism are considered Abrahamic religions because they are believed to descend from God through Abraham. We would not have Christianity without Judaism and the Jewish people. The three religions share many values and tenets and beliefs. There are parts of the Quran that integrate Jewish history.

I wish to highlight lessons from Iranian history that should be championed by Iranian people in today?s precarious world. It is important for all of us to remember that the Iranians and the Jewish people have enjoyed a very long, mutually beneficial and fruitful relationship.

It dates back to 727 B.C. and the deportation of the Jewish people to Media and Persian from Samaria?that is nearly three thousand years ago! Cyrus the Great, who we have mentioned in this conversation, through a decree later known as the ?Cyrus declaration? allowed the Jewish people who lived along the Babylon river to return to Judea to rebuild their lives. Many, however, who had lived in Persia for a few generations, decided to remain and formed permanent Jewish settlements of intellectuals, merchants and artisans for centuries.

Jewish scholars (something I am told can be confirmed in the Talmud ? a revered Jewish book of rabbinical postulates), teach us that the environment was so tolerant for Jews in ancient Persia during this period that in a mark of their own magnanimity towards the Persian people, there was a call by Rabbis of the time for a picture of Susa the capital of Persian Kings to be engraved on the eastern gate of the temple of Jerusalem!

My appeal, therefore, is to the ancient virtue of Iranian hospitality, tolerance and peace. It is vitally important that the educated classes in Iran point out this glorious history which is central not just to the Middle East; but to all of mankind.

Finally, I would like to see the Dialogue of Civilizations proposed by former Iranian President Mohammad Khatami become reality?bringing together representatives of all of the earth?s people to Tehran in an environment of freedom of creative, intellectual,cultural and religious expression.

Your new work There was a Country-A personal history of Biafra is due from Penguin Books next month- September, 2012 ? in the United Kingdom. Can you tell Iranian readers what it is about?

The Nigerian-Biafran war raged from 1967-1970 and claimed nearly three million lives. The conflict wiped out twenty percent of my people ? the Igbo and other Easterners- who were known as Biafrans. In There was a Country- A personal history of Biafra, I tell three interweaving stories ? using an autobiographical prism to recount two broader stories ? the story of pre and post-independence Nigeria, and the story of Biafra and its aftermath.

I have been asked why it took me over 42 years to write about Biafra?The answer is that I was not ready? I had to find the right vehicle that could ?carry our anguish, our sorrow? the scale of dislocation and destruction?our collective pain.?

In many ways, I can say that I have been writing this book for about four decades ? at least in my head and the very scribbling on paper almost as long ? particularly the research, interviews, data collection etc. I discovered while working on the book, quite interest ingly, that it would not be a straight forward work.

I found that I had to draw upon prose, poetry, history, memoir, and politics and that they were independently holding conversations with each other ? perhaps because no one genre or art form could bear the weight of the complexity of our condition.You see, the Biafran war was such a cataclysmic event that in my opinion changed the course, not only of Nigeria, which has not fully recovered from that conflict; but of all of Africa. I hope your readers pick up a copy!

It is interesting to me that your first novel, ?Things Fall Apart,? which is also your most widely read and translated book was published by a British publisher (William Heinemann LTD). Why did you offer it to a British publisher while it depicted the difficulties and cultural contradictions which the people of your country have suffered as a result of the colonial presence of the British in the past decades?

That is a timely question?? In my new book,There was a Country-A personal history of Biafra, I point out that when a number of us [i.e. African writers] decided to pick up the pen and make writing a career there was no African literature as we know it today.

There were many that preceded my time, but still, the numbers were not sufficient. And so I had no idea when I was writing Things Fall Apart whether it would even be accepted or published. All this was new- there was nothing by which I could gauge how it was going to be received.

In those days one had very few avenues to get published?we had very few choices. My first novel was rejected by a number of publishers before providence led it into the hands of Alan Hill at Heinemann after Donald McRae, another Heinemann executive with extensive experience in Africa encouraged Heinemann to publish the novel with a powerful recommendation: ?This is the best first novel I have read since the war.?

So, you can tell that I had a good beginning and was only too pleased to have Heinemann publish the work. Later, Alan Hill and James Currey and I developed the African Writers Series (I served as first General Editor for the first one hundred titles). The African Writers Series ended up publishing many of the well-known writers of the era from Africa. In many ways, without the intervention of Alan Hill and Heinemann, many of the writers from that generation may not have found a voice.

Over 50 years have passed since you wrote the book ?Things Fall Apart.? Have your viewpoints and approaches toward the presence of a colonial power in the soil of your country changed since that time? Would you make changes and edits if you were to decide to write such a novel or rewrite it now and especially reconfigure the personality and reflections of the main characters such as Okonkwo?

Every thinking person, if you consider yourself a serious intellectual grows?Intellectual evolution and growth does not mean, however, that all of a sudden horrendous things in our shared history appear less appalling. It means that greater knowledge and understanding help place the best and worst of events in clearer perspective.

The legacy of colonialism is not a simple one but one of great complexity, with contradictions- good things as well as bad. We do not have enough time to outline every aspect of the colonial and post-colonial condition?So, one cannot talk about making changes or edits to a book that was written to speak to a condition that existed and continues to exist in different forms and different guises.

In many ways, the world is a much different place today than it was in 1958 when Things Fall Apart was published. Some may say a better place ? women?s rights are improving around the world, race relations perhaps can be said to have improved as well. In other ways, many things can also be said to have either remained the same or become worse. So the struggle to make the world a better place must continue!

Your books and novels are considered to be the representative of modern African literature. In your view, what are the most prominent features and attributes of the modern African literature?

Yes, well?remember that there was an entire movement, a whole group of us?In There was a country,I discuss this in greater depth.

Things Fall Apart, I believe, now has a life of its own. I think it is now more famous than I am! (Laughter). The fifty plus translations are a big indication of its impact. I feel like a parent watching a child succeed from the sidelines. The other books have also been successful. It feels good. I am very grateful. What was the second part of the question?

What are the most prominent features and attributes of the modern African literature?

Yes?I have stated elsewhere that one cannot cram African literature into a small, neat definition. I do not see African literature as one unit but as a group of associated units ? in fact the sum total of all the national and ethnic literatures of Africa.

National literature in my definition is written in national languages and has a potential audience through out the countries that speak that language. Ethnic literature, by contrast is available to a particular ethnic group within that country or sub-region.

I have often been asked why I choose to write in English rather than in my native language.That is a flawed question and a false choice, because most of us think and write in and speak both our ethnic language and the national languages we were taught in school. Context is very important?Those that ask this question fail to understand my goal and the goal of several other pioneers of modern African writing.?When I picked up the pen to make writing a career, African literature did not exist as it does today?the numbers were not there. One of the consequences of colonialism was the loss of the many traditions of Africa.

Many of us engaged Africa?s past, stepping back into what can be referred to as the ?era of purity? before the coming of Europe. What we discovered we put in books and that became known widely as ?African Culture.? Some of us would decide to use the colonizer?s tools: his language, altered sufficiently to bear the weight of an African creative aesthetic, infused with elements of the African literary tradition. I borrowed proverbs from our culture and history, colloquialisms and African expressive language from the ancient griots, the world views, perspectives, and customs from my Igbo tradition and cosmology, and the sensibilities of everyday people.

To be continued

Culled from Veterans Today, Military and Foreign Affairs Journal.

Comments are moderated. Please keep them clean and brief.

Source: http://www.vanguardngr.com/2012/08/peaceful-world-my-sincerest-wish-chinua-achebe/

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Friday, August 17, 2012

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Source: http://www.pembermuseum.org/the-interesting-replacement-personal-injury-law-firm/

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Dot Earth Blog: A Song Tries to Go Beyond the 'OMG' Reaction to GMOs

[2:26 p.m. | Update | I'll be adding various interesting "reviews" at the bottom of the post, starting with Stewart Brand, the author of "Whole Earth Discipline."]

David Holmes, a graduate of Prof. Jay Rosen?s Studio 20?digital journalism program at New York University?and co-creator of the popular ?Fracking Song,? is now making a career out of deconstructing tough, consequential issues through a mashup of music, graphics and hyper-linking. (Some people have taken to calling such output ?newsicals.?)

Holmes and fellow graduate and song creator Andrew Bean have formed a company, Explainer Music, and their latest tune, produced for the Web site PandoDaily, is ?OMG GMO?s!? The hip-hop video digs in on a familiar theme here ? resolving the mix of technologies and traditions that can feed humanity with the fewest regrets:

I encourage you to read the hyper-linked lyrics to see the informational backdrop behind they lyrics. Here?s an excerpt:

Is it bad for us? It depends on the crop
Sometimes it?s more nutritious,?sometimes it?s not
And while the pesticides don?t sound very sweet
The EPA assures us that they?re safe to eat

But people should know how their food is grown

Yet Americans don?t label GMOs
There are many different kinds of GM foods
Just saying ?Made with GMOs? might not do

Now it might be too simple to say ?Just ban it?
When there?s potential to help feed the planet
Weigh each crop?s impact on earth and health
And don?t use patents to screw the ones you?re out to help

The full lyrics are here. I?d say this is a constructive and creative step in resolving what many see as?n?a hybrid path to a secure food future.

I was in touch with Holmes this morning after he alerted me to the new song and I asked for a bit of background. Here?s his note:

Each year, NYU?s Studio 20 partners with a media organization on solving a problem in journalism. Explainer.net was part of our Building a Better Explainer project with ProPublica which unofficially ended in May 2011 when we presented our findings to them at the end of the semester. But I continued to work on explainer songs about redistricting, Super PACs, and foreclosures for ProPublica, and about the Euro Crisis for the Guardian.

In January, I started the company?Explainer Music?with Andrew Bean (who co-wrote the music for all of our songs including the Fracking Song) and two graduates of the N.Y.U. Film & Documentary concentration, Sharon Shattuck and Krishnan Vasudevan (they?ve been working with us since the Super PAC song). Then last month, we entered into a partnership with PandoDaily to produce short, biweekly explainer songs on technology/science. (this is our third song. The first two can be found?here?and?here).

A recent post on N.Y.U?s Studio 20 blog includes Holmes? recommendation to other young commuicators to think entrepreneurially:

?I don?t mean, ?starting your own business,?? he says. ?I mean charting your own path, with or without the help of an established journalistic institution, and, most importantly, not waiting for someone else?s permission to do something innovative.?

Needless to say, I?m a big fan, and Holmes will be a featured visitor in my ?Blogging a Better Planet? class at Pace University this fall.

2:26 p.m. | Addendum | I?m adding various reasoned reviews below:

Stewart Brand, the author of ?Whole Earth Discipline: An Ecopragmatist Manifesto?:

My reaction: groan?. Maybe because I was just on the phone with Hero-For-The-Planet ur-botanist Peter Raven. He is horrified by the continuing anti-scientific uproar and panic about GMOs.

Saying as the song does, ?Well, it?s a real debate,? is the same formulation as saying it?s okay to have creationism paired with evolution in schools if you ?teach the controversy.?

In an e-mail exchange, I responded to Brand this way:

Personally, I?m not groaning because I see this as akin to step 2 or so in a 12-step program toward rational discourse. There won?t be a single jump to a big societal group ?OK?..

This need for stepwise process is one reason I?m not averse to labeling. In some ways I think it could awaken the public to the normalcy and ubiquity of technologically developed food.

Source: http://feeds.nytimes.com/click.phdo?i=90a74188b93e488c8d98eea1c997afbf

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Middlesex bowler Steven Finn not content despite good first day with England against South Africa

Friday, August 17, 2012
11:40 AM

Steven Finn believes he has left himself a little to work on, despite his handsome start to England?s bid for victory over South Africa at Lord?s.

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Finn and James Anderson both took three wickets as the tourists were first reduced to 54 for four but then recovered to 262 for seven - on the back of JP Duminy?s battling 61 - in the third Investec Test.

Duminy shared in two of three successive half-century stands, and Finn ended up the most expensive of England?s bowlers on a first day which turned from gold to graft for them.

He said: ?I personally maybe chased wickets a little bit.

?Trying to come into the team as a wicket-taker, maybe I searched for it a little bit.?

England are well aware they need to wrap up the South Africa innings quickly today to retain their advantage, and Finn will be happy enough if a little fortune comes his way again.

He admitted that was the case yesterday morning, to a degree, after having both Alviro Petersen and Jacques Kallis caught behind down the leg-side.

?Obviously, those wickets are a little bit fortunate to get caught down the leg-side - because if they go six inches further, it?s four runs.

?But we deserved some luck like that, from the way we bowled in that first session, and fortunately it happened for me.?

Finn appears to be conquering the habit of knocking over the non-striker?s stumps - something which cost him dear in the drawn Test at Headingley, when he had Graeme Smith caught at slip only to hear a dead-ball call from the umpire.

?It?s something I went away and worked on between these two Tests,? he said.

?It?s a work in progress, obviously, but I hope my bowling will keep improving as a result of it.?

Duminy, Jacques Rudolph and Vernon Philander all made England work for their three wickets after lunch.

But Finn still believes the hosts are slightly ahead of the game.

?The wicket was a bit tacky first thing, so the ball nipped around a bit,? he said.

?But as the sun bakes it, there could be a bit in it for Swanny later in the match. It will be an intersting game of cricket, on a very good cricket wicket.?

Among his successes so far, Kallis? dismissal on DRS - even though it appeared his glove might not have been in contact with bat handle when he was hit on the bottom hand - was controversial.

Duminy said: It?s one of those things we can?t comment on - but we were a little disappointed.

?You win some, and you lose some.?

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Source: http://www.hamhigh.co.uk/middlesex_bowler_steven_finn_not_content_despite_good_first_day_with_england_against_south_africa_1_1485737

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Thursday, August 16, 2012

Complete Guidelines to Health and Fitness: Problem Gambling And ...

The Grand National (horserace) spurs over a third of the adult
population of the United Kingdom into having a flutter making it the
country's single biggest gambling event. However, even with the recent
boom in internet gambling, problems with gambling are often overlooked.

Problem gambling is the subject of a new research venture funded by Economic and Social Research Council in partnership with the Responsibility in Gambling Trust (RIGT). Funding worth around ?920,000 over a three year period has been awarded to six projects researching the impacts of gambling on those involved as well as the broader implications for society.

Robin Burgess, Director of RIGT, states "Problem Gambling has a profound effect on not only those involved but the wider community around them. This funding, as well as building the research capacity in this field, will help us to understand why people become involved in gambling, how people learn to control their addiction, and how we can prevent people from becoming Problem Gamblers."

Projects, which are just beginning, will look at a range of issues including social contexts for problem gambling; how the distinction between problem and non-problem gambling is made; internet gambling; gambling-related brain responses in social and problem gamblers; impacts of gambling on family life as well as how young and vulnerable gamblers can be deterred. The research being funded has been chosen for its direct applicability to policy and practice in a neglected area. These studies will inform the way services are commissioned and how policy is formed.

"The ESRC is very pleased to be collaborating with the RIGT on this initiative. The studies proposed are of high quality and relevance, offering great potential for our understanding of harm related to gambling and how society can respond through regulation and the development of services," says ESRC Chief Executive, Professor Ian Diamond.

The six projects funded through this venture include:

-- Dr Gerda Reith and colleagues at the University of Glasgow and the Scottish Centre for Social Research, for a sociological study of routes in and out of problem gambling. Dr Reith has written extensively on the social, cultural and historical aspects of gambling, as well as the impacts of problem gambling

-- A team at Goldsmiths, University of London, for an anthropological study of betting in bookmakers and a study of Chinese community betting. The main author, Dr Rebecca Cassidy, has previously published widely on horseracing.

-- University Of Cambridge, for an MRI scanning study to identify brain responses to gambling tasks, especially near misses. Professor Trevor Robbins and Dr Luke Clark, who are leading this study, are world leaders in MRI scanning for compulsive behaviours.

-- At University of Cardiff, Dr Stephanie Van Goozen and Dr Simon Moore will lead a multi-disciplinary study of the associations between deviant youth and impulsivity and lack of control to gamble

-- Led by Dr Robert Rogers, a team at Oxford University will study internet gambling including personality traits and risk of on-line gamblers

-- Professor Gill Valentine and colleagues at Leeds University for a study of patterns of play and harm in families about internet gambling.

1. The ESRC is the UK's largest funding agency for research and postgraduate training relating to social and economic issues. It provides independent, high quality, relevant research to business, the public sector and Government. The ESRC total expenditure in 2005/6 is ?135million. At any time the ESRC supports over 4,000 researchers and postgraduate students in academic institutions and research policy institutes. More at http://www.esrcsocietytoday.ac.uk

2. ESRC Society Today offers free access to a broad range of social science research and presents it in a way that makes it easy to navigate and saves users valuable time. As well as bringing together all ESRC-funded research (formerly accessible via the Regard website) and key online resources such as the Social Science Information Gateway and the UK Data Archive, non-ESRC resources are included, for example the Office for National Statistics. The portal provides access to early findings and research summaries, as well as full texts and original datasets through integrated search facilities. More at http://www.esrcsocietytoday.ac.uk

3. RIGT - the Responsibility in Gambling Trust, exists to fund research, treatment and educational work about problem gambling. Our aim is to reduce the impact of problem gambling on society. Funded mainly by the UK gambling industry, but completely independent of it, RIGT seeks to ensure that people at risk of gambling problems are educated about problem gambling and that people affected by problem gambling get access to help and advice. Our main role is to commission treatment for problem gamblers through organisations like GamCare and Gordon house. RIGT also commissions education programmes and sponsors independent academic research into all facets of gambling behaviour to aid the development of policy and services. In May 2006, RIGt will be launching a new searchable on-line database of leading research into problem gambling. For details of this, and RIGT's other programmes, including other research funds, see http://www.rigt.org.uk

Source: http://guidelines-to-health-fitness.blogspot.com/2012/08/problem-gambling-and-its-effects.html

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Scottish sailor claims to have photo of Loch Ness Monster

[unable to retrieve full-text content]Legend has it that the Loch Ness Monster was first sighted in the sixth century years ago by an Irish monk while preaching by the lake. Now, a Scottish sailor who has spent the last 26 years of his life searching for the elusive creature, says he has the best picture yet of "Nessie."

Source: http://news.yahoo.comgma.yahoo.com/blogs/abc-blogs/scottish-sailor-claims-best-picture-yet-loch-ness-100057921--abc-news-topstories.html

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Wednesday, August 15, 2012

CrankyAds Can Now Manage Your Google AdSense | Extreme ...

by estremozmarca on August 15, 2012

Just over a month ago, CrankyAds (my startup with two partners, Walter and Mick) made a huge shift in how we are developing our business and in particular, how we prioritise and create new features for our service.

I?ll write more about why we made the shift and how it was different from what we were doing previously, in my ? Read the rest of this entry ?


Click here to view the original post.

Source: http://1minutegetaway.com/estremozmarca/2012/08/15/crankyads-can-now-manage-your-google-adsense/

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Home Depot's strong results building respect

Brian Nagel, Oppenheimer analyst, breaks down the numbers at Home Depot.

By Roland Jones, NBC News

Home Depot impressed Wall Street with its latest earnings report Tuesday, driving its stock price up 3 percent to just above $54 in morning trading.

The world?s largest home improvement retailer reported net earnings of $1.5 billion for the second quarter of fiscal 2012, up from net earnings of $1.4 billion in the same period of fiscal 2011 -- an increase of 7.1 percent. Sales for the second quarter were $20.6 billion, a 1.7 percent increase from the second quarter of fiscal 2011.

Home Depot hiked its fiscal-year earnings outlook too, as tight cost controls helped the company to offset sales weakness and beat Wall Street's profit estimates in the quarter.

Brian Nagel, an analyst at Oppenheimer, appeared on CNBC to break down the company?s report, calling Home Depot ?better run today than it?s ever been run.?

A key feature of the Home Depot?s report was the management's ability to keep expenses down, Nagel said.

?It?s very encouraging,? he said. ?As sales continue to gradually improve, you?re seeing them control their costs very very well.?

?I think the market will look at this report and say this is a really solid report,? Nagel said.

There was a lot of concern on Wall Street that there would be a slowdown in sales because of the weather, he added.

?Sales did slow down a bit from Q1 to Q2, but not dramatically, and that?s going to comfort investors as they look at these results,? Nagel said.

Nagel noted that, given the mild winter, demand had been pulled forward. Home owners were beginning remodeling projects earlier than usual, he said.

Reuters contributed to this report.

Source: http://marketday.nbcnews.com/_news/2012/08/14/13277512-home-depots-strong-results-building-respect?lite

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Tuesday, August 14, 2012

In new role, Ryan faces Obama in Iowa

DES MOINES, Iowa (AP) ? President Barack Obama is blaming Republican vice presidential candidate Paul Ryan for blocking a farm bill that could help voters in Iowa and elsewhere cope with a crippling drought, as both candidates campaigned in the important Midwestern battleground.

"If you happen to see Congressman Ryan, tell him how important this farm bill is to Iowa and our rural communities," Obama says in excerpts released before he spoke Monday in Council Bluffs, Iowa.

Ryan, campaigning alone for the first time since getting the vice presidential nod, planned to meet voters Monday at the Iowa State Fair. Romney was in Florida for a bus tour.

Obama carried Iowa in 2008, but polls show a close race in the battleground state less than three months from Election Day.

Ryan's events in Iowa could help determine whether conservative excitement for the Wisconsin congressman ? and his austere budget plans ? will overshadow Romney's message and Republican attacks on Obama's economic performance.

Romney briefly defended his new running mate's budget proposals for Medicare, telling Florida voters that the Republican ticket wants to "make sure that we preserve and protect Medicare."

"He's come up with ideas that are very different than the president's," Romney said of Ryan. "The president's idea, for example, for Medicare, was to cut it by $700 billion. That's not the right answer."

At the same time, a pro-Romney super PAC is spending more than $10 million on a new television advertisement attacking Obama's handling of the economy as the nation's unemployment rate lingers above 8 percent.

"Another month. Even more Americans jobless," says the narrator in the ad from the group, Restore Our Future, which is led by people with close ties to Romney.

The spot will air for more than a week across 11 presidential battleground states, including Colorado, Florida, Iowa, Michigan, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania, Virginia and Wisconsin.

Democrats are banking on Ryan and his controversial budget proposals overshadowing Romney's message and Republican attacks on Obama's economic performance.

Since Romney formally named Ryan his running mate on Saturday, the Obama campaign has been attacking the Republican budget architect's plans to transform Medicare into a voucher system and re-shape the nation's tax system.

A top Obama political adviser, David Axelrod, said Monday that Romney's selection of Ryan is reminiscent of John McCain's choice of Sarah Palin four years ago. He told "CBS This Morning" he remembers the initial excitement surrounding Palin's selection, but says he doesn't believe the choice of Ryan "is going to be a plus for Mr. Romney."

Axelrod called Ryan "a genial fellow" who advocates harsh policy positions, particularly on Medicare.

Ryan figures to play prominently in Obama's message during his three-day bus tour across Iowa, which marks his longest visit to a single state during the 2012 campaign.

Obama's bus tour will begin in Council Bluffs, just across the Missouri River from Omaha, Neb., and head across the state before wrapping up in Davenport along the Mississippi River.

Obama will showcase the powers of incumbency as he tours a farm in Missouri Valley, Iowa, and discuss ways of addressing the devastating drought. White House officials said the president planned to direct his Agriculture Department to buy up to $170 million worth of meat and poultry to provide relief to farmers and ranchers.

The Defense Department, a large purchaser of beef, pork and lamb, was expected to look for ways to encourage its vendors to speed up purchases of meat.

Obama has urged Congress to pass a farm bill to provide a long-term solution for farmers. Democrats and Republicans are at odds over the program's farm subsidies and food stamps, with Ryan among the GOP lawmakers backing cuts in food stamp programs that are opposed by the president's party.

Ryan, a 42-year-old congressman, is best-known for his proposing to reshape Medicare, the long-standing entitlement, by setting up a voucher-like system to let future retirees shop for private health coverage or choose the traditional program ? a plan that independent budget analysts say would probably mean higher out-of-pocket costs for seniors.

Looking to define the Republican ticket's views on Medicare, the Obama campaign released an online video Monday featuring seniors in Florida talking about how Ryan's proposed changes to the popular health care program could affect them.

"It doesn't make any sense to cut Medicare," says one woman. The video aims to portray the Romney-Ryan ticket as a threat to Medicare and Obama as its protector.

The commercial comes as Romney gently tries to distance himself from his running mate's budget plan, making clear that his ideas rule, not Ryan's.

"I have my budget plan," Romney said, "And that's the budget plan we're going to run on."

He walked a careful line as he campaigned with Ryan, a tea party favorite, by his side in North Carolina and Wisconsin, singling out his running mate's work "to make sure we can save Medicare." But the presidential candidate never said whether he embraced Ryan's austere plan himself.

The pair faced an estimated 10,000 supporters in Wisconsin as Ryan returned Sunday to his home state for the first time in his new role.

"Hi mom," Ryan said, voice crackling as he took the stage and looked out over a sprawling crowd.

An enthusiastic Romney seemed to feed off the energy.

"If you follow the campaign of Barack Obama, he's going to do everything in his power to make this the lowest, meanest, negative campaign in history. We're not going to let that happen. This is going to be a campaign about ideas, about the future of America," Romney said. "Mr. President, take your campaign out of the gutter. Let's talk about the real issues that America faces."

The Romney campaign, meanwhile, released a new ad accusing the Obama administration of "gutting welfare reform."

The new television advertisement released Monday accused the Obama White House of stripping the work requirement from the nation's welfare law. It's the same charge the Republican candidate levied in a separate ad last week.

Independent fact checkers have found the premise of the ad to be false.

___

Online:

Obama video: http://www.youtube.com/watch?v=A4OACn0Kkbk

Source: http://news.yahoo.com/role-ryan-faces-obama-iowa-073806526.html

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Robert Pattinson Breaks Silence On The Daily Show (Video)

After weeks of laying low Robert Pattinson finally broke his silence. He had a chat with John Stewart on The Daily Show and I have to say although a bit awkward at times it just might have been the perfect first back in the spotlight interview. Those of hoping for the hunky Twilight star to open up about the cheating scandal regarding his love Kristen Stewart, you are going to be sorely disappointed. Rob handled himself very well during the interview both he and John seemed to be struggling throughout the whole interview though to find well the right topic of conversation. At one point the actor made a joke about needing a publicist, you have to watch the below video to fully understand it. My favorite part was when Stewart pulled out ice cream for the two to eat. It was for sure a joke and a ploy at that the same time to get RPatz to open up, which he did not. Even though there were some definite awkward moments there were some good parts too. At one point John and Rob even kind of talked about his movie Cosmopolis, which open this weekend. In the end Steward [...]

Source: http://feedproxy.google.com/~r/RightCelebrity/~3/YFfSG2wViLg/

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Hong Kong court approves 'Occupy' eviction

A Hong Kong court on Monday approved the eviction of protesters camped outside the HSBC bank headquarters in the city, in a major blow to the last outpost of the "Occupy" movement in Asia.

"The defendants can't provide sufficient reason to continue to live on the property so the court has decided to allow the plaintiff to take back the property," magistrate Reuden Lai said.

The camp sprouted at the landmark HSBC tower in central Hong Kong 10 months ago, weeks after thousands of people pitched tents in New York's Zuccotti Park demanding an overhaul of the rules of global capitalism.

Similar camps sprang up in dozens of countries worldwide, but most have petered out since police forcibly dismantled the New York tent city in November last year.

The High Court gave the Hong Kong protesters 14 days to leave the courtyard of the bank's downtown office tower, after which HSBC would be entitled to reclaim the site.

Only a handful sleep at the camp overnight, and during the day there are rarely more than 10, according to witnesses and bank officials.

Even so, their tents, personal belongings and banners denouncing capitalism have become a fixture -- some say an eyesore -- at the HSBC building in one of Hong Kong's most exclusive shopping and financial districts.

"We welcome the decision of the court and look to the occupiers to follow the terms of the court order," HSBC spokesman Gareth Hewett told AFP.

HSBC, Europe's biggest bank, brought its case against the "occupiers of the ground floor" of its Asian headquarters, along with three individuals it identified as the ringleaders of the protest.

Defiant protester Tam Mei-kam, 89, said: "They can try all they want, I won't leave."

But fellow occupier Ho Yiu Shing said he would "find another suitable place" to continue his protest.

London-based HSBC was spared the worst of the 2008 global financial crisis and did not receive one of the bailouts that spurred the original New York Occupy movement.

But it has recently been fined and forced to apologise for failing to apply anti-money laundering rules in transactions that US lawmakers say benefited Iran, terrorists and drug dealers.

The banking industry's reputation has also been damaged by revelations of interest rate fixing at British lender Barclays, as well as US allegations that another British firm, Standard Chartered, acted as a "rogue bank" by violating financial sanctions on Iran.

Standard Chartered denies the allegations.

Source: http://news.yahoo.com/hong-kong-court-approves-occupy-eviction-043532903.html

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