Wednesday, October 9, 2013

KitKat coming to Samsung Galaxy Mega and Samsung Galaxy S4 mini?

A leaked document seems to confirm that the Samsung Galaxy Mega models and the Samsung Galaxy S4 mini will all be getting updated to Android 4.4 (KitKat). The document shows that the Korean OEM plans on adding Samsung KNOX to the Samsung Galaxy Mega 5.8, the Samsung Galaxy Mega 6.3 and the Samsung Galaxy S4 mini once the trio of handsets is updated to Android 4.4. That is about as much of a confirmation as you are going to see that those models will be updated to Android 4.4.

Samsung KNOX consists of a number of work related applications placed inside a secure 'container' that prevents the applications inside from being infected by malware and viruses. The applications include email, a browser, contacts and a calendar to name a few. Tapping on the KNOX icon secures the apps and starts the program. Another tap returns the phone to its normal functionality.

Based on the leaked document, it seems that those with the Samsung Galaxy S III mini will not be receiving the consumer version or the enterprise version of KNOX and the phone will most likely never see Android 4.4. As for the other devices on the list, We would expect KitKat to end up on the Samsung Galaxy Note 3 (which was preloaded with the KNOX software), the Samsung GALAXY Note II, the Samsung Galaxy S4 and the Samsung Galaxy S III. The latter three models will receive Samsung KNOX after they are updated to Android 4.3.

Once Samsung KNOX becomes available on a model, the software will come pre-installed on future versions of the device. In China, only the KNOX launcher will come pre-loaded. Opening it up will download the appropriate files. There is also a chance that a carrier bought model will have the feature locked down by the mobile operator.


source: SamMobile via UnwiredView

Source: http://feedproxy.google.com/~r/phonearena/ySoL/~3/CjzZS9NUxX8/KitKat-coming-to-Samsung-Galaxy-Mega-and-Samsung-Galaxy-S4-mini_id48093

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Tuesday, October 8, 2013

Rick Otton Reveals The Secret Of Buying Sydney Property Easily As ...

blog_image_for_10082013

Rick Otton, the man who brought creative real estate strategies to Australia, shares with Sydneysiders the secret in buying Sydney real estate, despite high property values right now.

RP Data and Rismark International index showed over 2 percent growth for residential property values in Sydney last month. Report authors added that home values in Australia?s capital cities have risen 8.7 percent from June 2012 to September 2013, according to a Property Wire news report published on 1 October 2013.

?High Sydney property prices and the strict approval of new home loans are two of the main reasons why many first home buyers are having a hard time getting a house of their own, and this rapid increase of the already expensive property values in capital cities only makes the situation even worse,? Mr. Otton said.

?For home buyers who are using the traditional process of buying and selling houses, this is the perfect time to throw in the towel because there?s no way you can you can get Sydney real estate without making high deposit payment in this system,? he shared in his latest interview.

?Those who use creative strategies, on the other hand, still have a lot of options left on their hands, despite the extreme prices of Sydney property right now. This is possible with the help of flexible payment terms which are in the heart of every creative strategy I teach,? according to Mr. Otton.

Mr. Otton then showed how flexible payment terms in instalment contracts help home buyers get Sydney real estate without paying high amounts of deposit.

?Instead of paying the seller everything at once, instalment contracts simply allow a buyer to pay the value of a property for sale within a certain number of years, but in exchange for that he will have to pay the seller a little bit more of the property?s original value,? Mr. Otton said.

?The 10:10, a variation of instalment contracts, for example directs buyers to pay the seller 10 percent more, so that he can finish his payments within 10 years. This is a great deal for sellers, since they get more out of their property in exchange for a little patience,? he discussed.

?Home buyers should never let the high cost of Sydney real estate stop them from reaching for their dream of home ownership. They should, instead, start applying creative solutions so they won?t be faced with a dead end in any property problem the modern world throws at them,? he explained further.

Rick Otton would be visiting Sydney on 12 October 2013 to talk about his creative real estate strategies free of charge.

Grab this chance to see Rick Otton in-action for the last time this 2013, so sign up now for a seat to his Sydney real estate event at http://www.howtobuyahouseforadollar.com/.

Source: http://www.howtobuyahouseforadollar.com/latest-news/rick-otton-reveals-the-secret-of-buying-sydney-property-easily-as-home-values-in-the-city-jump-another-2-percent-last-month/

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Deadly clashes hit Egypt on 1973 war anniversary

CAIRO (AP) ? Clashes erupted across much of Egypt between security forces and supporters of the ousted president on Sunday, leaving 15 killed, as rival crowds of supporters of the military and backers of the Islamist Mohammed Morsi poured into streets around the country to mark a major holiday.

The clashes took place on the day 40 years ago when Egyptian forces crossed the Suez Canal at the start of the nation's last war with Israel. The day has since been declared a national holiday. The military-backed government had wanted the anniversary celebration to be a tribute to the armed forces, whose chief ousted the Islamist Mohammed Morsi in a popularly supported coup on July 3.

But demonstrations across Cairo and much of the country by Morsi's supporters marred the festivities. They and security forces fought pitched street battles for hours in several Cairo locations that now look like combat zones, with small fires burning, black smoke rising and the sound of gunshots piercing the air thick with tear gas.

In some cases, the pro-Morsi demonstrators were set upon by supporters of the military. Authorities said they had arrested 335 Morsi supporters nationwide.

The clashes were the last chapter in the turmoil roiling the country since the ouster in February 2011 of longtime ruler Hosni Mubarak and are certain to set back efforts by the government to revive the economy, especially the vital tourism sector, and bring order to the streets of Cairo, where crime and lawlessness have been rife.

The scene of the fighting contrasted sharply with a carnival-like mood in Cairo's central Tahrir Square, where thousands of supporters of the military waved Egyptian flags, blew whistles and touted posters of army chief Gen. Abdel-Fattah el-Sissi. Adding to the festivities, a military band in green jackets and off white pants played, and men spun in whirling dervish-style dances.

Thousands of Morsi backers meanwhile held marches around the city, shouting slogans against el-Sissi as some headed toward Tahrir in hopes of forcing their way into the sprawling plaza.

At central locations including a southern entrance to the square, police fired into the air and lobbed tear gas to push back several pro-Morsi marches as they approached. Some of the dead however suffered gunshot wounds to the head and chest and the pro-Morsi demonstrators were also lobbing firebombs and firing birdshots at the police.

An Associated Press photographer saw nine bodies lying on the floor of a clinic in the Dokki area, where heavy clashes took place. Most had gunshot wounds to the head and chest.

Soldiers barricaded entrances to Tahrir with barbed wire and armored personnel vehicles. Metal detectors were installed at the entrances and demonstrators pouring into the square were searched by troops.

"The people have one demand: Remove el-Sissi and the president," Islamist protesters chanted, referring to the interim president installed after Morsi's fall.

Violence was also reported in southern Egypt, where one Morsi supporter was killed in the town of Dalga. Police opened fire on a march by Islamists after some of the protesters fired birdshot at the police, according to the provincial security chief, Osama Metwali.

___

Associated Press reporter Mariam Rizk and photographer Hassan Ammar contributed to this report

Source: http://news.yahoo.com/deadly-clashes-hit-egypt-1973-war-anniversary-171703725.html

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Monday, October 7, 2013

CBS? Bob Schieffer grills GOP?s Cornyn over shutdown (video) (Americablog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/332353120?client_source=feed&format=rss

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Microsoft Surface 2 and Surface Pro 2 ?close to selling out?

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The new Surface 2 and Surface Pro 2 tablets may soon be hard to come by, as Microsoft said its slates are selling out.

Microsoft has recently launched its second-generation Surface tablets to a rather skeptic crowd, as its first-generation slates did not exactly fly off the shelves. The Surface RT in particular was not well-received at all, dealing a pretty heavy blow to the company's finances.

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The company hoped to turn things around with the new Windows RT-based Surface 2 and the Surface Pro 2, which runs the full-fledged version of Windows. According to Microsoft's latest announcement, things seem to be turning out well so far.

"Surface 2 and Surface Pro 2 are close to selling out," tweeted the company on Friday, Oct. 4.

It remains unclear at this point just how many tablets Microsoft made (and sold) and what that "close to selling out" really means. The company did not provide any additional details.

The Microsoft Store online indeed shows some shipping delays for the new Surface 2 and Surface Pro 2, which usually indicates high demand. The 32GB version of the Surface 2 will ship by Oct. 29, while the 64GB model will ship from Oct. 25. The Surface Pro 2, meanwhile, should ship in 64GB and 128GB configurations by Oct. 21, while the 256GB and 512GB should ship by Oct. 29.

Microsoft faces some tough competition on the crowded tablet market, which is mostly dominated by the iPad and tablets running on Google's Android operating system. Consumers still seem more drawn to the iOS and Android platforms rather than Windows 8 and Windows RT, but the new-generation Surface tablets seem to be pushing in the right direction.

The first-generation Surface tablets that launched last year marked Microsoft's first foray into the tablet market with its own-brand hardware, but the company seems to have learned plenty since then and is now trying again with improved specs and features.

For those unfamiliar with the new tablets, the Surface 2 runs the stripped-down version of Windows 8 called Windows RT, but sports better specs than the original Surface RT. The Surface Pro 2, meanwhile, is marketed as a slate that offers a full laptop experience in a tablet package. The two tablets went up for pre-order on Sept. 24 and will hit stores on Oct. 22. If Microsoft's tweet is any indication, interested buyers might want to hurry while the Surface 2 and Surface Pro 2 are still in stock.?

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Source: http://www.mobilenapps.com/articles/9382/20131006/microsoft-surface-2-pro-close-selling-out.htm

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Prep football: Warriors fall to Ironmen

VINCENT - Locked in a close ballgame, there comes a time when the defense simply has to get a stop.

If it doesn't, then that close ball game quickly becomes not quite so close.

Such was the case for the Warren Warriors, who watched the Jackson Ironmen pound out 407 yards rushing to pull away for a 35-20 win in Vincent Friday night, spoiling homecoming for the Warriors.

Article Photos

KEVIN PIERSON The Marietta Times
Warren quarterback Austin Klintworth (12) gets dropped for a loss by Jackson's Reagan Williams (6) during the first quarter of a football game in Vincent Friday night. Jackson beat Warren 35-20.

KEVIN PIERSON The Marietta Times
Warren's Gunnar Smith (66) makes a tackle on Jackson's Derek Rafferty (2) as the Warriors' David Rowland (62) closes in during the first quarter of a football game in Vincent Friday night. Rafferty was injured on the play and did not return as the Ironmen beat Warren 35-20.

"It's typical Jackson football. They're good at what they do," said Warren football coach Andy Schob. "We just weren't physically good enough to beat them."

On four different occasions the Ironmen had the ball leading by just a single score.

And every time they put the ball in the endzone to go just one step further away from the Warriors.

Fact Box

Jackson 35, Warren 20

Jackson 7 7 7 14 - 35

Warren 0 12 0 8 - 20

First quarter

J: Johnny Farley 14 run (Jimmy Voiles kick) 2:18

Second quarter

W: David Ryan 25 pass from Austin Klintworth (kick fail) 10:39

J: Farley 15 run (Voiles kick) 7:25

W: Alex Miller 15 field block return (pass fail) 0:00

Third quarter

J: Jake Crabtree 24 run (Voiles kick)

Fourth quarter

J: Gabe Griffiths 11 run (Voiles kick) 10:50

W: Ryan 11 pass from Klintworth (Cole Wigal pass from Klintworth) 7:50

J: Griffiths 21 run (Voiles kick) 3:31

JACKSON (3-3)

First downs: 21: Rushes/yds 42-407; Passing (comp-att-TD-int) 2-4-0-0; Passing yds 36; Total yds 443; Penalties/yds 10-90; Punts/avg. 1-32.0; Fumbles/lost 3/0

WARREN (2-4)

First downs 9; Rushes/yds 21-74; Passing (comp-att-TD-int) 13-20-2-0; Passing yds 85; Total yds 159; Penalties/yds 6-32; Punts/avg. 4-34.0; Fumbles/lost 0/0

Individuals:

Jackson: Rushing: Jake Crabtree 15-113, TD; Gabe Griffiths 14-126, 2 TDs; Hunter Sexton 11-64; Johnny Farley 11-73, 2 TDs; Derek Rafferty 1-1; Passing: Hunter Sexton 2-4-36 yds; Receiving: Derek Rafferty 1-17; Gabe Griffiths 1-19

Warren: Rushing: Aaron Sealey 2-11; Austin Klintworth 7-(-14); Andrew Henthorn 1-21; Jared Isner 9-57; Jake Scott 2-(-1); Passing: Austin Klintworth 13-20-85 yds, 2 TDs; Receiving: Jared Isner 2-3; David Ryan 6-57, 2 TDs; Andrew Henthorn 2-14; Jake Scott 1-(-2); Jake Powell 2-13

"You've got to find a way to stop the run," Schob said. "It wasn't the kids weren't trying. We just physically could not stop them."

Despite an offense that punted just once in the entire game - that coming after an unsportsmanlike conduct penalty negated a first down - the Ironmen couldn't get away from the Warriors.

Managing just 61 yards of total offense in the first half and a meager 159 for the game, the Warriors none-the-less kept pace with the Ironmen, as it wasn't until the fourth quarter Jackson got a two-score lead.

The Ironmen got the scoring started on their second possession from scrimmage, making use of reserve running backs when starter Derek Rafferty went down with an apparent knee injury on his first carry of the game.

All those backup backs did was run for 113, 126 and 73 yards respectively while combining for five touchdowns.

"We pretty much went to a goal line and they were still driving our kids (off the line of scrimmage)," Schob said.

The scoring started with Johnny Farley finding the endzone from 14 yards out with 2:18 to play in the first quarter.

Warren answered the Jackson score, thanks to 20 yards in penalties assessed against the Ironmen on the ensuing possession and capitalized when quarterback Austin Klintworth connected with David Ryan on a 25-yard touchdown pass.

That 25-yard strike accounted for nearly half the offense mustered by the Warriors in the first half of play, but despite their inability to move downfield Warren never trailed by more than eight points in the first half.

Trailing 7-6, the Warriors could have gained an opportunity to take the lead, but watched the Ironmen turn to their ground game to cover 80 yards on six plays, with Farley again finding the endzone, this time from 15 yards out, to make the score 14-6 with 7:25 in the opening half.

Jackson nearly took a 17-6 advantage into the break, but Ironman kicker Jimmy Voiles attempt at a 42-yard field goal was blocked by the Warrior defense, and Jake Powell returned the block all the way to the endzone. That touchdown was negated by an illegal block against the Warriors, and deja vu struck again.

Attempting a 22-yard field goal after the penalty was assessed, the Warriors' kick was blocked by the Ironmen, but Warren kicker Alex Miller, who also stars on the soccer team, scooped up the ball and raced 15 yards into the endzone to set the halftime score 14-12 in favor of Jackson.

"It was a good play. I'm sure he (Miller) is excited. He's a great athlete. Unfortunately we can only use him to kick, or the soccer coach would kill me," Schob laughed.

Down by two, the Warriors stalled on their first possession to open the second half and the Ironmen answered, going 77 yards on seven plays with Jake Crabtree getting into the endzone from 24 yards out with 5:27 to play in the third quarter.

Jackson tallied another touchdown following Warren's second stalled drive of the quarter, with Gabe Griffiths finding the endzone from 11 yards out with 10:50 in regulation.

The Warrior offense discovered a spark of life in the second half behind tailback Jared Isner, who returned from an injury to pick up 57 yards on nine carries, accounting for all but 17 of Warren's rushing yardage.

Isner's 27 yard run set up the final score of the game for the Warriors, as Klintworth again connected with Ryan to make the score 28-20 with 7:50 to play in the game.

Rather than stopping the Jackson offense, the Warrior defense saw the Ironmen run over four minutes off the clock on nine plays as Griffiths scored from 21 yards out to set the final margin.

Overall, the Ironmen held a 407 to 74 advantage on the ground, and 443 to 159 advantage in total offense as they improved their record to 3-3 on the season while the Warriors fell to 2-4.

"When they can play their game, they're really good," Schob said.

Source: http://www.mariettatimes.com/page/content.detail/id/554564.html

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Sunday, October 6, 2013

Florida Panthers (1-0-0) at St. Louis Blues (1-0-0), 8 p.m. (ET)

(SportsNetwork.com) - The St. Louis Blues hope to have some more early jump in their skates on Saturday night as they continue their season-opening homestand with a matchup against the Florida Panthers.

The Blues exploded out of the gate on Thursday in a 4-2 win over the Nashville Predators, scoring three times in the first half of the opening period. David Backes got it started 2:05 into the contest on the power play before Vladimir Sobotka and T.J. Oshie added goals on St. Louis' first six shots of the game.

Nashville did score twice to get within a goal, but Alex Steen provided more cushion with another power-play goal.

"You have to score on the power play if you want to win hockey games," said Alex Pietrangelo, who finished with two assists. "You have to take advantage of that extra guy."

Jaroslav Halak stopped 28-of-30 shots for the victory.

"It was pretty ideal the first 10 minutes," said Backes. "I don't know if we got complacent, but we played pretty well that first 10 and maybe took a step back. They're a team that just keeps coming at you. They found a couple and kind of woke us up again where we had to focus on playing our style of hockey. The result we love."

The Panthers should also be happy with the result of their season opener, a 4-2 road win over the Dallas Stars.

Playing in his first game since April of 2012, Tim Thomas made 25 saves in his Panthers debut. The two-time Vezina winner and one-time Conn Smythe recipient had taken a leave of absence from the league last year.

Thomas is looking to provide a boost to a Panthers club that finished dead last in the league a season ago.

"That was a big difference for us," said Florida head coach Kevin Dineen about Thomas. "He was a guy that stood up and made the saves when he needed to and that's what we're going to need."

Aleksander Barkov, selected with the second overall pick of the 2013 draft, scored in his NHL debut, while Marcel Goc had the game-winner with 4:55 to go before adding an empty-net tally. Scott Gomez also scored.

Florida has road games against Philadelphia and Tampa Bay up next before its home opener on Oct. 11 versus Pittsburgh.

The Blues have won seven of their past 11 against the Panthers, including the last two encounters.

St. Louis is 9-3-0 with a tie all-time versus Florida at home.

Source: http://www.miamiherald.com/2013/10/05/3671064/florida-panthers-1-0-0-at-st-louis.html

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Tampa Mayor Bob Buckhorn talks up the Rays, RNC in Tallahassee speech

Whether he was foreshadowing things to come or just wishfully thinking, Tampa Mayor?Bob Buckhorn?said today that he was "lucky enough to be mayor of the 55th largest city in the country and more, importantly, home to the Tampa Bay Rays."

One problem with that: the Rays are based in St. Petersburg, not Tampa. After the speech today in Tallahassee, we asked Buckhorn to clarify his comment about the Rays, who recently earned a playoff spot after winning?wild card games.

"We're all Rays fans at this point," he said. "They may physically reside in St. Petersburg, at least for a little while, but we all share in their success and I consider myself to be their mayor just as?Bill Foster?considers himself to be their mayor."

"At least for awhile"? Is that more foreshadowing or wishful thinking?

Buckhorn famously said he didn't want to be the?boyfriend in the divorce between Foster, and the Rays,?who would like permission to move their home stadium to a location more convenient to the population center in Tampa. He made it clear today he is still waiting in the wings to make his move.

"We can't talk until the city of St. Pete and the Rays come to some agreement," he said. "I'm frustrated and I'm sure a lot of people are frustrated that there has been no movement on that. We are no different a position than we were six months ago. That has to take place. As good as the Rays are, as much as the bay area loves the Rays, it's not going to work in St. Petersburg."

Buckhorn was in Tallahassee to speak at the monthly meeting of the Economic Club of Florida about the city's success hosting the Republican National Convention last year, Super Bowls and other major events.

He talked about fighting to win the mayoral election in 2011 and focusing each day on making the city better for his two young daughters. His vision is to make Tampa more welcoming for young professionals of diverse backgrounds and says the city is emerging as a model for the rest of the state coming out of the recession.

A proud Democrat, he was careful not to openly criticize any particular elected officials from Florida during his speech. But he lamented the "short-term, stupid politics" of today and said important issues are being overlooked like immigration reform.

Afterward, however, he answered our questions about Medicaid expansion by saying he wished Gov.?Rick Scott?had taken advantage of his veto power to persuade House Republicans to support a plan to use federal money to provide insurance for roughly 1 million poor Floridians.

"I think he needed to use his pulpit, and I think he needed to use the powers of his office to get that implemented," Buckhorn said.

Source: http://www.tampabay.com/blogs/the-buzz-florida-politics/tampa-mayor-bob-buckhorn-talks-up-the-rays-rnc-in-tallahassee-speech/2145505

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Friday, October 4, 2013

U.S. judge says Argentina debt swap plan violates court order

By Nate Raymond

NEW YORK (Reuters) - Argentina's proposal to use a debt swap to pay some of its creditors would violate a U.S. court injunction, a judge in New York said on Thursday.

The order by U.S. District Judge Thomas Griesa came in response to a proposal in August by Argentine President Cristina Fernandez that would enable her government to keep paying creditors who participated in restructurings after the country's $100 billion default in 2002.

Argentina's government proposed allowing a voluntary swap of foreign debt in exchange for bonds governed by local law after a U.S. appellate court ruling in August upholding an earlier Griesa decision requiring the country to pay $1.33 billion in favor of holdout bondholders.

Implementation of Fernandez's plan, or anything similar, would violate the earlier injunction, Griesa said in his order, which he said was issued "for the avoidance of doubt" over his court's position on Fernandez's plan.

The decision further complicates Argentina's strategy in a case that could ultimately go before the U.S. Supreme Court and has created worries about a potential default by South America's second-largest economy.

During two restructurings in 2005 and 2010, holders of about 93 percent of Argentina's debt agreed to swap their bonds in deals giving them 25 cents to 29 cents on the dollar.

But bondholders who did not swap, led by hedge funds NML and Aurelius Capital Management, instead went to court in New York seeking payment in full.

Argentina calls these bondholders vultures and has vowed not to pay them.

"Once again the judge has issued an order at the behest of the vultures," finance secretary Adrian Cosentino said in a statement, vowing to use all legal avenues at its disposal to guarantee continued service of its restructured debt.

Griesa has ruled that the holdout bondholders deserved equal treatment with the so-called exchange bondholders. He also ordered Argentina to pay $1.33 billion into escrow for the holdouts before paying the exchange bondholders, setting Argentina on course to default on its debt.

In August, Fernandez proposed a voluntary debt swap as a means of repaying the exchange bondholders.

Griesa's order on Thursday was proposed by holdout bondholders led by the hedge fund NML Capital Ltd, a unit of Paul Singer's Elliott Management Corp, which has been suing Argentina for payment on defaulted debt.

"Plaintiffs are surely within their rights to seek a remedy for this new problem," Griesa said, in a separate order on Thursday, of Fernandez's proposed debt swap.

The judge also ordered that with any plan Argentina puts forward that might violate the injunction, the country must disclose to the holdout bondholders within five days any communications to various parties regarding them.

Griesa said the court would retain jurisdiction to monitor and enforce its orders to account for any "materially changed circumstances," including Argentina's failure to abide by the order's terms.

A spokesman for NML declined to comment. A lawyer for Argentina did not immediately respond to a request for comment.

The case is NML Capital Ltd v. The Republic of Argentina, U.S. District Court, Southern District of New York, 10-05338.

(Reporting by Nate Raymond; Editing by Ken Wills)

Source: http://news.yahoo.com/u-judge-says-argentina-debt-swap-plan-violates-003903633--sector.html

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Oakley's Airwave Ski Goggles Get a Better Battery

Oakley's Airwave Ski Goggles Get a Better Battery

Last year Oakley wowed us with Airwave, its heads-up display ski goggles. And just as we're starting to think about ski season, Oakley's got a new version of the fancy mountain gear that has the same look and some essential internal tweaks.

Read more...


    






Source: http://feeds.gawker.com/~r/gizmodo/full/~3/GZHq4ADfeGE/oakleys-airwave-ski-goggles-get-a-better-battery-1440335533

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Thursday, October 3, 2013

Stocks, dollar fall on 2nd day of U.S. shutdown

By Wanfeng Zhou and Herbert Lash

NEW YORK (Reuters) - Global equity markets and the dollar fell on Wednesday as the U.S. government shutdown entered its second day and as data showed U.S. private employers added fewer jobs than expected last month.

Although equities showed resilience on Tuesday on hopes the first partial shutdown of the U.S. government in 17 years would be short-lived, just one day later concerns about the economic impact grew as no signs emerged of an end to the budget standoff in Washington.

Market volatility will likely increase the longer the shutdown persists. Investors are also looking for an indication of how negotiations play out over the looming need to raise the government's debt ceiling. The debt ceiling is far more important, as it could lead to an unprecedented default by the United States, which is considered unlikely.

"There's a sense that the debate isn't going to end soon. Yesterday's rally was driven by a hope this wouldn't last, but that hope is diminishing," said Oliver Pursche, president of Gary Goldberg Financial Services in Suffern, New York.

Data showing U.S. private employers added 166,000 jobs in September, below forecasts for 180,000 new jobs, added to investor jitters. The private-sector report has taken on added significance this week because the government shutdown means that the monthly payrolls report due out on Friday from the Labor Department may be delayed.

"If the numbers had come up really, really strong, perhaps people would overlook the problems in Washington. But with the numbers coming in slightly below expectations, it renews concern that the recovery could start to peter out," said Rick Meckler, president of hedge fund LibertyView Capital Management LLC in Jersey City, New Jersey.

MSCI's world equity index <.miwd00000pus>, which tracks shares in 45 countries, fell 0.28 percent to 383.55 one day after gaining 0.7 percent.

The Dow Jones industrial average <.dji> fell 79.34 points, or 0.52 percent, at 15,112.36. The Standard & Poor's 500 Index <.spx> slid 6.20 points, or 0.37 percent, at 1,688.80. The Nasdaq Composite Index <.ixic> lost 9.14 points, or 0.24 percent, at 3,808.84.

The dollar extended Monday's losses on expectations the shutdown will further delay the Federal Reserve's plans to scale back its asset-purchase program.

The dollar index <.dxy>, which tracks the greenback against six major currencies, fell as low as 79.781, its lowest level since February. It was last trading at 79.857, down 0.35 percent.

Safe-haven U.S. government debt prices rose. The benchmark 10-year U.S. Treasury note rose 13/32 in price to yield 2.6009 percent.

The cost of insuring U.S. government bonds against default for the next year also rose, gaining five basis points to raise the cost of protecting $10 million of debt to $35,000 - the highest since August 31 and above the rate for 5-year insurance.

Usually it costs more to buy longer-term default insurance so the current level is considered a classic sign of credit stress, reflecting the concerns over whether the United States will be able to raise the debt limit in coming weeks.

The euro rose 0.5 percent to $1.3592, after having hit $1.3606, its highest level since February. The European Central Bank left interest rates unchanged, holding off any fresh policy action while it waits to see whether the fragile euro zone recovery strengthens.

A confidence vote for Italian Prime Minister Enrico Letta's government ended fears that the euro zone's third-largest economy would be forced into fresh elections, adding to the currency's appeal.

Italian shares and bonds both rose as it become clear that former Prime Minister Silvio Berlusconi would drop his attempts to bring down the government, sending Milan's FTSE MIB share index <.ftmib> up as much as 1.8 percent, before closing 0.8 percent higher.

Gold rose a day after falling 3 percent to a two-month low as the dollar weakened. Spot gold last traded at $1,317.84 an ounce, up from the previous day's close of $1,285.99 an ounce.

U.S. crude futures led the oil complex higher on Wednesday following a report that construction of Trans-Canada's Gulf Coast pipeline would be completed by the end of the month.

Brent crude for November rose $1.12 to $109.06 a barrel. U.S. crude traded at $103.85, up $1.81.

(Reporting by Herbert Lash; Additional reporting by Richard Hubbard in London; Editing by Leslie Adler)

Source: http://news.yahoo.com/asian-shares-cautiously-hopes-short-shutdown-035630090--finance.html

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Tuesday, October 1, 2013

Texas Longhorns Football: The case for an Interim Head Coach

Mack Brown and brand violations.

Yes, I Realize That's Superman's Cape I'm Tugging On

I mean Scipio Tex, not Mack.

I should really begin this article with a disclaimer. I don't make a practice of kicking someone when they're down. As much as I'm convinced that it's long overdue, if Mack had already announced his retirement at the end of the 2013 season and were simply taking a victory lap through the conference, I'd leave him alone to enjoy it. But since Mack has chosen to rise from the canvas and raise his gloves, then as far as I'm concerned he's fair game - if you'll excuse the plethora of sporting metaphors. Wow, I really touched all the bases, didn't I?

Two weeks ago, Scip authored an article dealing with the potential pitfalls that attend replacing an Athletic Director and Head Football Coach. One of his points was "No interim coach. NO. INTERIM. COACH."

In a vacuum, and maybe even as a general proposition, I'm inclined to agree. In the context of the here and now, though, I say that's wrong. In what follows I'll explain why.

Unquestionably, the AD Hire Comes First

God help me, I love Pat Haden. One blowout loss to ASU, and it's: "I don't like your jerk-off name, I don't like your jerk-off face, I don't like your jerk-off behavior, and I don't like you, Jerk-off."

I've already written that Pat Haden should be UT's model for a new athletic director, but last Sunday he went and made my point for me. When you ensure your school's AD is also an alumnus, you get someone who recognizes a brand violation the first time they see it. You also tend to get decisive action in support of the brand.

As UT fans, I've literally lost count of how many figurative blowouts to ASU we've endured under DeLoss Dodds and Mack Brown. But I have counted four five blowout losses to OU, each of which was a far more elemental brand violation than Southern Cal's loss to ASU last Saturday.

What should otherwise be an unacceptable loss (due to opponent, or margin of defeat, or both) is easy to rationalize when you have only a situational and contractual relationship with a school - especially if revenue remains steady. I actually don't blame Discussing Te Dodds entirely for this. I mean, I certainly don't know what constitutes a brand violation type of loss at Kansas State (beyond NDSU, I guess), and even if I were Kansas State's AD, I doubt that I would ever know on the intuitive level that I'm referring to here.

This is precisely why I'm asking all of the Oliver Luck advocates out there to tap the brakes. I know, he got his law degree here when he was playing for the Oilers. If he'd been playing for the Packers, he would have gotten it in Madison. That's not what I mean by an alumnus. You want someone who was a varsity athlete at UT, and playing flag football for Charles Alan Wright doesn't count. Trust me on this. You don't want Oliver Luck. YOU. DON'T. WANT. OLIVER. LUCK.

Like our opinions will really matter.

But because the AD hire must come first, it follows that you'll need an interim coach for the rest of the 2013 season. I would appoint Larry Porter as interim HC, and I come to that decision mainly by process of elimination.

First, it's wrong to tank the rest of the 2013 season. It's not fair to the players or the fans. The coaching staff and team should do whatever is necessary to win as many remaining games as they can, and then go crush defeat Iowa in the Armed Forces Bowl on December 1.

With that written, we can cross off the other interim candidates together. We know that all of the defensive coaches have their hands full with learning a new system. On the offensive side, Major Applewhite has his hands full trying to figure out ways to score more points than the defense allows. Stacy Searles still needs to teach the OL how to block, and injuries have forced Darrell Wyatt to prepare freshmen to play. Bruce Chambers . . . I'm sorry; I couldn't keep a straight face and type that. That leaves Larry Porter, who conveniently already has head-coaching experience.

I would also let Coach Porter interview for the head coach position in 2014, although I hasten to add that I would very candidly tell Coach Porter what kind of background and qualifications the job calls for, why his results as interim HC are immaterial to his chances, and why his prospects for getting the job are dim.

Regardless Of Whether It Was Optimal Before, Now That the USC Domino Has Fallen, It's Right To Fire Mack Brown on October 13.

Yes, that means I'd wait until after the OU game on the 12th regardless of what happens in Ames on Thursday night. At this point, a two-touchdown loss to the Cyclones shouldn't surprise anyone.

I'd wait because the beatdown loss to OU will capture the attention of the media, casual fans, and diehards alike. Accordingly, I believe that firing Mack the next day would engender at most 10-15% disapproval within the fanbase, and most of them would object only to the timing.

Okay, so we can get away with firing Mack on October 13. Here are the reasons why that's the right call:

  1. It sends an immediate signal to the CFB world that the UT brand has been violated. Yeah, I know. That's like sending an immediate signal that Pearl Harbor has been attacked. I still say better late than never. At this point, there's no way to protect the UT brand from significant devaluation (that takes a Haden-like reaction with Haden-like alacrity), but at least it's some evidence that the decision makers at UT actually care about the quality of their varsity football team.
  2. Since another of the Top 5 HC jobs is vacant for 2014, there may be formidable competition to land the ideal candidate. This creates a potential first-mover advantage. In my opinion, HC at Southern Cal is a better job (narrowly) than HC at Texas. But even if you invert the order, the fact that Southern Cal is already looking, combined with some uncertainty regarding whether the Texas job will actually come open at the end of the year, means that USC will choose first unless UT creates their opening now.
  3. Naturally, this is only a problem to the extent there's overlap between candidates for the Southern Cal and Texas positions. For example, I'm certain that USC will look at Art Briles, Charlie Strong, Al Golden, and Chris Petersen - you know, the usual suspects. They'll also make some kind of a run at Saban. USC might or might not look at Gary Patterson, but sadly they're more likely to consider Patterson than UT is.

    The point is that if Southern Cal makes their HC hire before UT does - and they won't even be contemporaneous hires unless Mack is fired soon - that's one fewer from among the top CFB HC candidates that UT can select, and perhaps the same candidate who would have been at the top of the wish list.

  4. It gives the big donor wing of the search committee plenty of time to start vetting candidates. That's not to say they haven't already started, but it's all hypothetical until there's an actual opening.
  5. For example, if a HC candidate is going to insist on defending his wife, even in the presence of a big donor, it's better to know that now. Let's be real here - it takes time to ferret out all of the scratchy personalities and the irrational focus on winning.

  6. It signals to underclassmen and recruits, now, that it won't be business as usual in 2014. I'm not sure I've ever been in an analogous situation, but if I'm a kid who's currently running second-team at UT, it's got to be hard to put up with Bennie Wylie every day. I mean, where's the payoff if Mack is still going to be the HC in 2014? Unless I have legitimate NFL prospects, I'm not sure that the occasional co-ed I can impress is enough.
  7. If Mack remains in place as HC, we will begin to lose recruits. Mark it down. Now admittedly, I'm not as incensed by that as some. Looking back on the 35-40 years that I've followed UT football, there have been fewer than 10 UT players, and maybe fewer than 5, whose absence from the roster would have made a truly significant difference in season outcome. I'm just as troubled by the prospect that some kid will pass up the opportunity to attend UT and choose an inferior school just because he doesn't want to waste his four years of CFB eligibility.

  8. It appeases the rank-and-file alumni and the fans, almost all of whom have seen enough at this point. This is the least compelling reason, but you can't deny that it's a valid consideration. Okay, and I'll feel better if it happens. So there's that.

Source: http://www.barkingcarnival.com/2013/10/1/4791030/texas-longhorns-football-the-case-for-an-interim-head-coach

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