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Wednesday, 14 August 2013

Egyptian Forces Storm Pro-Morsi Sit-Ins

Posted on 06:29 by Ashish Chaturvedi

CAIRO — Security forces moved on Wednesday to clear two camps in Cairo
occupied by supporters of the ousted president, Mohamed Morsi,
deploying armored vehicles, bulldozers, tear gas, snipers and
helicopters in a sustained and bloody operation that seemed to
surprise some protesters with its resolve and to deepen an already
profound gulf in Egyptian society.
Witnesses spoke of gunfire from shotguns and automatic rifles as white
clouds of tear gas offset plumes of black smoke from burning tires.
Protesters arrived at field hospitals with gunshot wounds to the neck
and chest. At one location, soldiers were seen firing on a lone
protester lobbing rocks from a rooftop. There were reports of dozens
of fatalities, including three police officers. Scores of people were
arrested, including leaders of the Muslim Brotherhood, news reports
said.

The operation also threatened to reinforce regional tensions with
Turkey, whose Islamist-backed government opposed the overthrow of Mr.
Morsi. The "armed intervention on civilians, on people demonstrating"
was "completely unacceptable," in the words of President Abdullah Gul.

Hours after the operation began, the authorities said they had cleared
the smaller of two encampments at Nahda Square near Cairo University.
But protesters at the larger camp around the Rabaa al-Adawiya mosque
in the northeastern suburb of Nasr City remained defiant but seemed to
be under siege by vastly superior forces seeking to uproot them.

Pro-Morsi demonstrators from outside the larger camp, meanwhile,
clashed with the police on its approaches, braving waves of tear gas
to barricade streets. Some protesters prepared gasoline bombs and
broke paving stones to hurl at their adversaries as the confrontation
unfolded.

The clashes illuminated the deepening fissures in Egypt between an
Islamist movement sustained by the Muslim Brotherhood in support of
Mr. Morsi and secular forces who cast the military as protectors.

News agencies reported clashes between civilian supporters and foes of
Mr. Morsi in other parts of Cairo. An Egyptian human rights group, the
Egyptian Initiative for Personal Rights, said the crackdown had
spurred counterattacks by Muslim Brotherhood supporters against Coptic
Christian churches in Minya and Sohag, south of Cairo, apparently
reflecting a perception among Islamists that the Coptic minority had
supported the military's action in ousting Mr. Morsi in early July.

As demonstrations spread to other cities on Wednesday, television
footage from the Mediterranean city of Alexandria and Aswan in the
south showed thousands of Morsi supporters taking to the streets to
protest the military action in Cairo. The authorities were reported to
have suspended rail services in and out of Cairo to prevent pro-Morsi
demonstrators from regrouping or summoning reinforcements.

Amid the confusion, there were wildly divergent tallies of the death
toll. The Muslim Brotherhood called the operation a "massacre" and put
the number of dead in the hundreds, a figure that was not immediately
borne out by reporters visiting morgues.

Egypt's state news agency reported that three members of the security
forces had been shot and killed. The Egyptian Health Ministry said
nine protesters had died. But, at one makeshift morgue run by
pro-Morsi protesters, the number of dead bodies rose from 3 to 12 in a
matter of minutes while at another, Agence France-Press reported, one
of its reporters counted 43 bodies.

The coordinated action against the Morsi supporters, which had been
expected for days, began around 7 a.m. local time. The protesters are
seeking the reinstatement of Mr. Morsi, who became Egypt's first
democratically elected president in 2012 and was deposed by the
military six weeks ago. In removing Mr. Morsi, the military also
suspended the Constitution and installed an interim government
presided over by a senior jurist.

A statement from the interim government praised the security forces
for showing what it called self-restraint and blaming leaders of the
Muslim Brotherhood for inciting violence. "The government holds these
leaders fully responsible for any spilled blood, and for all the
rioting and violence going on," the statement said, according to
Reuters.

The interim authorities also pledged to pursue a military-based
political blueprint for the country's future in "a way that strives
not to exclude any party from participation."
But, in a further sign of the rift between faith and political power,
Al Azhar, the pre-eminent Muslim religious authority, said it had no
advance knowledge that the authorities would use aggressive means to
disperse the protesters. A statement cited by Agence France-Presse
called on all sides to "exercise self-restraint and take into account
the interests of the nation" and said the "use of violence has never
been an alternative to a political solution."
The statement followed hours of clashes after army bulldozers moved in
to dismantle the defenses set up by protesters.

Images on Al Jazeera television showed a car ablaze and protesters
being treated for bloody injuries. Protesters' tents appeared to have
been razed, and a pillar of black smoke rose above palm trees in one
of the areas. The footage showed what appeared to be a gunman firing
from a rooftop, but the shooter's identity was not immediately clear.

At Nahda Square, black-uniformed police wearing gas masks and helmets
dragged and carried away protesters, the footage showed. At least one
of the protesters showed no sign of life as his limp body was loaded
into an ambulance. The police seemed to be rounding up protesters in
groups as they fled the barrages of tear gas. The footage also showed
smoke from burning tires.

State television broadcast images of what it said was a protester
firing on security forces with an assault rifle.

An Associated Press television video journalist at the larger of the
camps at Nasr City said he heard women screaming as a cloud of white
smoke hung over the site in eastern Cairo.

Mohamed Soltan, a representative of protesters there, told Al Jazeera
that a cameraman working with the protesters had been shot and killed
by a sniper while filming on a stage. There was no official
confirmation of the shooting.

According to a recent visitor, the camp in Nasr City was always likely
to present the authorities with a greater challenge. Tens of thousands
of people have built a well-equipped community there with electricity,
Internet access, a hospital, communal kitchens, latrines and showers.

While dozens of people have been killed by the police and the military
since the sit-ins began, analysts said, the crackdowns on the
protesters seemed to have reinforced their conviction to stay.

Mr. Morsi is being held at an undisclosed location. The military
authorities have taken steps toward his criminal prosecution on
charges relating to his activities during the revolution that ousted
his predecessor, Hosni Mubarak.

While Egyptians broadly consider Mr. Mubarak's autocracy to have been
fundamentally illegitimate, Mr. Morsi is now under investigation for
his own escape from political imprisonment and his work in the
Islamist political opposition that helped to topple Mr. Mubarak in
2011.
Copyright http://www.nytimes.com/
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Report: 2 dead in UPS plane crash near Alabama airport

Posted on 06:16 by Ashish Chaturvedi

The pilot and co-pilot of a UPS plane were killed when their plane
crashed while approaching an airport in Birmingham, Ala., early
Wednesday, local media are reporting, citing Mayor William Bell.

The cargo plane, an A300 aircraft was en route from Louisville, Ky.,
when it crashed near a field, FAA spokeswoman Kathleen Bergen said in
an email.

The pilot and co-pilot were the only people aboard the plane, company
spokesman Jeff Wafford said. The crash happened at about 6 a.m.,
Bergen said.

Bell told al.com that no one on the ground was injured, which is
fortunate he said, because there is a church and some homes about 500
yards from the debris field.

"It's a tragedy anytime you have loss of life,'' the mayor told the
website. "I am grateful for the men and women of the police and fire
departments who quickly got the scene under control."

Bell, who was briefed on the situation by the city's fire chief, said
the plane broke into two or three primary pieces. "There were two to
three small explosions, but we think that was related to the aviation
fuel," he said.

Flight tracking site flightaware.com shows the cargo plane, identified
by the site and the FAA as flight UPS1354, dropped more than 9,000
feet over the course of two minutes about four minutes before the
crash.

"As we work through this difficult situation, we ask for your
patience, and that you keep those involved in your thoughts and
prayers," Atlanta-based UPS said in a statement.

Birmingham Airport Authority spokeswoman Toni Herrera-Bast said the
plane crashed in "open land" she described as a grassy field on the
outskirts of Birmingham-Shuttlesworth International Airport. She said
the crash hasn't affected airport operations.
Copyright http://www.usatoday.com/
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Tuesday, 6 August 2013

George W. Bush has heart surgery for blocked artery

Posted on 09:19 by Ashish Chaturvedi

Doctors placed a stent in his heart to open a blockage.
Former president George W. Bush is in "high spirits" after heart
surgery Tuesday morning, his office said.

During a physical examination Monday, doctors found a blockage in the
artery of the former president's heart, said Bush spokesman Freddy
Ford.

"At the recommendation of his doctors, President Bush agreed to have a
stent placed to open the blockage," Ford said.

The procedure at Texas Health Presbyterian Hospital in Dallas went off
"without complication" early Tuesday, Ford said.

The news caught the political world by surprise.

Bush was among the most physically active of presidents, with frequent
exercise that ranged from early morning workouts to bike rides.

Since leaving office, Bush has hosted an annual 100-kilometer mountain
bike ride for wounded troops, the most recent in May near Waco.

The president is scheduled to host a golf tournament for wounded
warriors later this summer, and aides indicated his plans would not
change.

Bush, 67, is scheduled to return home Wednesday and "resume his normal
schedule on Thursday," Ford said.

Tributes poured in across the Web. "Prayers to President George W.
Bush for a fast recovery," tweeted Republican Party Chairman Reince
Priebus.

Aides said Bush is in good shape because of early detection.

Bush "is grateful to the skilled medical professionals who have cared
for him," Ford said. "He thanks his family, friends and fellow
citizens for their prayers and well wishes."

Ford added: "And he encourages us all to get our regular check-ups."
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Monday, 5 August 2013

New 'Doctor Who': It's Peter Capaldi

Posted on 10:06 by Ashish Chaturvedi

The Scottish-born actor becomes the 12th actor to play the British sci-fi icon.
And the sonic screwdriver goes to Peter Capaldi.

The Scottish actor was named the new star of the British sci-fi
franchise Doctor Who on Sunday during a live broadcast on BBC America.
He will replace the departing Matt Smith, whose time in the
time-traveling police box the TARDIS ends later this year.

"It's so wonderful not to keep this secret any longer," said Capaldi,
a lifelong fan of the show. "I haven't played Doctor Who since I was 9
on the playground."

Capaldi, 55, becomes the 12th man to play the Doctor since the cult
show debuted in 1963 with star William Hartnell and the fourth Time
Lord since executive producer Russell T Davies rebooted Doctor Who in
2005, following Christopher Eccleston, David Tennant and Smith.

Executive producer Steven Moffat had considered Capaldi when they were
casting the 11th Doctor. "There comes a right time for the right
person to play it," he said.

"We all had the same idea and it was a quite different idea," Moffat
added. When he and his team made a video with Capaldi, "everybody saw
it and was like, 'That's the Doctor.' "

American audiences most recently saw Capaldi as a World Health
Organization doctor in the movie World War Z, and he also has
big-screen roles in the upcoming The Fifth Estate this fall and next
year's Maleficent.

The half-hour live special on BBC America, hosted by British TV
personality Zoe Ball, also featured past Who stars, including Peter
Davison, the fifth Doctor (1981-84).

"In a way it's the longest job in television. It's a whirlwind time
when you do it, and it keeps on going after," said Davison, whose
daughter is married to the 10th Doctor, Tennant.

Smith recalled that people initially met his casting with backlash,
but fans ultimately came around for him as the Doctor.

"There are no parts like this," he said. "I loved it, I'll miss it,
but when you gotta go, you gotta go."

Doctor Who has long been a hit in the U.K., but more recently the
Doctor has gained a huge following in the USA, with the show becoming
the highest-rated series on BBC America.

Capaldi will make his first appearance in the Doctor Who Christmas
Special at the end of 2013, and it marks Smith's final jaunt as the
Doctor. Fans get to see him one more time, though, when Smith stars
with Jenna Coleman, John Hurt and Tennant in the 50th anniversary
special airing on Nov. 23.

The main reason the series is still a fixture in global pop culture is
because of anybody who's ever watched it, Capaldi said. "Doctor Who
belongs to all of us. Everybody makes Doctor Who."
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Sneak peek: Oprah grills Lindsay Lohan

Posted on 10:03 by Ashish Chaturvedi

A teaser for the interview has arrived.
Tough Oprah sat down with troubled Lindsay Lohan to tape the actress'
first post-rehab interview. A tiny teaser arrived on the Web on
Sunday.

"Are you an addict?" asks Oprah sternly.

And she throws this question LiLo's way: "What does it feel like to be
both an adjective and a verb for child star gone wrong?"

We don't get to see any of Lohan's answers.

TMZ reports that Lohan is traveling with a sober coach and is asking
that all alcohol be removed from wherever she is staying. This week,
TMZ, says she's at the Beverly Hills Hotel.

The Oprah's Next Chapter episode featuring Lohan, who completed her
90-day court-ordered rehab last week, will air Aug. 18 at 9 p.m. on
OWN. The network will also follow the former Disney star for an
eight-episode docu-series.

Meanwhile, you can see Lohan's guest-hosting stint on Chelsea Lately
tonight on E! at 11 p.m. ET.
Copyright http://www.usatoday.com/
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Christie, Clinton top 'hot politician' list

Posted on 09:40 by Ashish Chaturvedi
Chris Christie and Hillary Rodham Clinton are the "hottest
politicians" in the nation, according to one new poll.

The coldest: Congressional leaders from both parties.

Christie, the New Jersey governor and potential 2016 Republican
presidential candidate, rates 53.1 degrees on what Quinnipiac
University calls its "thermometer of voters attitudes towards the
nation's major political figures."

Clinton, the former secretary of State, senator, first lady and
potential Democratic presidential candidate in 2016, is second at 52.1
degrees.

A surprising third place: First-year Sen. Elizabeth Warren, D-Mass.,
at 49.2 degrees.

President Obama is in fourth at 47.6 degrees, tied with Sen. Kristen
Gillibrand, D-N.Y.

"Former Secretary of State Hillary Clinton's score is not surprising
given her lengthy political career and especially strong support among
Democrats and women," said Peter A. Brown, assistant director of the
Quinnipiac University Polling Institute.

He added: "But Gov. Christopher Christie's rating is impressive given
that his experience -- less than four years as governor -- pales
compared to Mrs. Clinton' s résumé. What is interesting is that only
two of the 22 figures rate better than the absolute middle of the
scale, not exactly a ringing endorsement of the nation's political
establishment."

The four lowest rated politicians in this survey are all congressional
leaders: Democratic House Leader Nancy Pelosi (38.4); Senate GOP
leader Mitch McConnell (37.5); Republican House Speaker John Boehner
(36.7); and Senate Democratic leader Harry Reid (33.8).

The Quinnipiac "thermometer," as measured in degrees:

Gov. Christie - 53.1

Secretary Clinton - 52.1

Sen. Warren - 49.2

President Obama - 47.6

Sen. Gillibrand - 47.6

Sen. Ted Cruz of Texas - 46.8

Sen. Marco Rubio of Florida - 46.5

Vice President Joseph Biden - 46.2

Maryland Gov. Martin O'Malley - 45.7

Louisiana Gov. Bobby Jindal - 45.2

Sen. Rand Paul of Kentucky - 44.8

New York Gov. Andrew Cuomo - 43.9

U.S. Rep. Peter King of New York - 43.6

U.S. Rep. Paul Ryan - 43

Wisconsin Gov. Scott Walker - 41.1

Former senator Rick Santorum of Pennsylvania - 40.7

Former Florida Gov. Jeb Bush - 40.4

Sen. Mark Warner of Virginia - 39.4

Democratic House Leader Pelosi - 38.4

Senate GOP leader McConnell - 37.5

Republican House Speaker Boehner - 36.7

Senate Democratic leader Reid - 33.8

Quinnipiac University surveyed 1,468 registered voters July 28-31. The
survey has a margin of error of +/- 2.6 percentage points.
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US to extend some embassy closures over security concern.

Posted on 04:41 by Ashish Chaturvedi
The US says it will keep a number of embassies in north Africa and the
Middle East closed until Saturday, due to a possible militant threat.

Twenty-one US embassies and consulates closed on Sunday.

The state department in Washington said the extended closures were
"out of an abundance of caution", and not a reaction to a new threat.

The UK said its embassy in Yemen would stay closed until the Muslim
festival of Eid on Thursday.

The decision to close the embassies comes as the US government battles
to defend recently disclosed surveillance programmes that have stirred
deep privacy concerns.

Security at US diplomatic facilities also remains a concern following
last year's attack on the US consulate in Benghazi, Libya, where the
US ambassador and three other Americans were killed.

While details of the threats are unspecified, the BBC's David Willis,
in Washington, says members of Congress who have been briefed about
the intelligence seem to agree it amounts to one of the most serious
in recent years - all pointing to the possibility of a major attack,
possibly to coincide with the end of the holy month of Ramadan, which
ends this week.
Al-Qaeda

A state department global travel alert, issued on Friday, is in force
until the end of August.
The department said the potential for an al-Qaeda-inspired attack was
particularly strong in the Middle East and North Africa.

Al-Qaeda's affiliate in Yemen, al-Qaeda in the Arabian Peninsula
(AQAP), has tried to carry out several high-profile attacks in recent
years, including one on Christmas Day in 2009 when a man attempted to
blow up a trans-Atlantic jet over Detroit, using explosives sewn into
his underwear.

Months earlier, the group tried to kill the Saudi intelligence chief
with a bomb on the attacker's body.

The UK Foreign Office had earlier announced it would shut its mission
in the Yemeni capital, Sanaa, until Tuesday.

Meanwhile, US diplomatic missions in Algiers, Kabul and Baghdad are
among those which will reopen on Monday, Washington said.

But its diplomatic posts in Abu Dhabi, Amman, Cairo, Riyadh, Dhahran,
Jeddah, Doha, Dubai, Kuwait, Manama, Muscat, Sanaa and Tripoli will
remain closed until Saturday.

The US state department also added African missions in Antananarivo,
Bujumbura, Djibouti, Khartoum, Kigali and Port Louis to the list,
meaning a total of 19 US embassies will remain closed this week.

Embassies closed on Sunday, a working day in the Muslim world,
included Amman, Cairo, Riyadh and Dhaka.

US citizens are advised that all consular appointments have been
cancelled and will be rescheduled.

The US embassy in Tel Aviv, Israel, which is normally closed to the
public on Sunday, said all its facilities would be shut on Sunday and
asked "workers not essential for the building's security" not to come
in.

The two consulates in Jerusalem and Haifa were also closed on Sunday.
The embassy closures and US global travel alert came after the US
reportedly intercepted al-Qaeda messages.

It has been suggested that they were between senior figures talking
about a plot against an embassy.
'Serious threat'

US lawmakers appearing on Sunday morning shows talked about the
threat, saying it was the biggest chatter since 9/11.

"This is the most serious threat that I've seen in the last several
years," Republican Senator Saxby Chambliss said on NBC.

"Chatter means conversation among terrorists about the planning that's
going on - very reminiscent of what we saw pre-9/11."

Referring to the Middle East, the state department said: "Current
information suggests that al-Qaeda and affiliated organisations
continue to plan terrorist attacks both in the region and beyond, and
that they may focus efforts to conduct attacks in the period between
now and the end of August."

The travel alert called for US citizens to be vigilant, warning of
"the potential for terrorists to attack public transportation systems
and other tourist infrastructure".

Several European countries have also temporarily shut missions in Yemen.

On its website, the UK Foreign Office is advising against all travel
to Yemen and is strongly urging British nationals to leave.

It says there is "a high threat from terrorism throughout Yemen" and
"a very high threat of kidnap from armed tribes, criminals and
terrorists"

CopyRight - http://www.bbc.co.uk/
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Sunday, 4 August 2013

'Breaking Bad' wins top honors at TCA Awards

Posted on 09:18 by Ashish Chaturvedi

BEVERLY HILLS —Breaking Bad, the acclaimed AMC drama that begins its
final season next week, won top honors as program of the year at the
Television Critics Association Awards Saturday night.

The awards, selected by the 220 members of the critics' organization,
honors the best in television, including shows and performances not
always recognized by Emmy voters.

HBO's Game of Thrones was named best drama, while the best-comedy
award was split in a tie between CBS' The Big Bang Theory and NBC's
Parks and Recreation. FX's spy drama The Americans won outstanding new
program.

In the acting categories, Louis C.K. of FX's Louie won outstanding
achievement in comedy, while Tatiana Maslany, the young actress who
played multiple roles in BBC America's Orphan Black, won for
outstanding achievement in drama.
In other awards, HBO's Behind the Candelabra, which chronicled
Liberace's relationship with a younger man and starred Michael Douglas
and Matt Damon, won for best movie, miniseries or special.

Barbara Walters won the career achievement award, while CBS'
groundbreaking All in the Family received the association's Heritage
Award, accepted by its creator, TV legend Norman Lear.

ABC's Shark Tank won the TCA award for best reality program; PBS' Ken
Burns film The Central Park Five won for news and information
programming; and ABC Family's Bunheads, recently canceled, won for
youth programming.

The awards were presented in a non-televised ceremony hosted by Comedy
Central's Keegan-Michael Key and Jordan Peele.
Copyright http://www.usatoday.com/
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Venice boardwalk crash: Man, 35, arrested on suspicion of murder

Posted on 09:15 by Ashish Chaturvedi

The 35-year-old man arrested in connection with Saturday's deadly
hit-and-run incident on the Venice boardwalk was booked on suspicion
of murder, police said.

At a press conference Sunday morning on the boardwalk, a Los Angeles
Police Department spokesman said the suspect, Nathan Campbell, was
being held on $1-million bail.

Officials did not provide more details or a possible motive for the incident.

PHOTOS: Venice boardwalk crash

The deceased victim was identified Sunday morning as Alice Gruppioni,
32, of Italy, Los Angeles County Coroner's Office officials told
NBCLosAngeles.com.

Late Saturday, authorities said a person of interest was being
questioned in connection with the incident after turning himself in at
a Santa Monica police station. Los Angeles Police Department Lt. Andy
Neiman said the man told police he was "connected" to the incident.

The car involved in the crash was found abandoned.

Several videos have emerged showing the crash, which left one person
dead and at least 11 others hurt, including one in critical condition.

One of the videos showed a dark black sedan plowing into people on the
boardwalk. Another video captured the chaotic scene after the crash.

Witnesses said they believed the driver was traveling about 60 mph —
others cited slower speeds — when the crash occurred about 6 p.m.
Saturday near the boardwalk's intersection with Dudley Avenue, just
before the sun began to set on the tourist haven. Witnesses said
"scores of people" were walking along the beach.

"The vehicle appeared to be moving purposefully down the boardwalk,
according to witnesses," Humphrey said. He said firefighters
responding to the scene thought the driver might have had some kind of
medical emergency, but the vehicle did not stop.

"A car plowed through the boardwalk," said Daniel Regidor, 50, who was
running nearby when the crash occurred.

"People screaming, running. I was half a mile from the scene, but you
could see just this mass of people trying to get out of the way....
Just a lot of people screaming.... It was horrible.

"I saw somebody flying up in the air," Regidor said. "When I came upon
the scene, there were a bunch of people on the ground, bloodied."

Daniel Jenkins, 19, was selling medical marijuana-related art and
souvenirs on the pedestrian walkway and witnessed the incident.

Jenkins said he saw a blue Charger turn off a side street onto the
pedestrian walkway going about 35 mph.

"He started basically losing control," Jenkins said.

He said he saw the vehicle hit a woman who sells turtles and a man who
appeared to be homeless.

"All the turtles flew everywhere," as did mannequins outside of
storefronts, Jenkins said..

He said the vehicle appeared to speed up after it hit the pedestrians
and "zoomed all the way down" for several blocks.

The famed boardwalk is a cultural hub known for its eccentricities.
Galleries, restaurants, tattoo shops, skateboard parks and the famous
outdoor weight room known as Muscle Beach attract locals and tourists
alike.

The crash spurred many, including nearby lifeguards, to race "to the
aid of strangers," Los Angeles Fire Department spokesman Brian
Humphrey said.


Copyright http://www.latimes.com/
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Saturday, 3 August 2013

Zimbabwe officials: Mugabe wins with 61%

Posted on 11:51 by Ashish Chaturvedi

HARARE, Zimbabwe (AP) — Zimbabwe election officials say that President
Robert Mugabe won the presidential election with 61% of the vote,
compared to 34% for challenger Morgan Tsvangirai.

The official state election commission announced results Saturday in
which Mugabe Mugabe's ZANU-PF party won 158 of the 210 parliament
seats, giving it a two-thirds majority in the legislature that enables
it to make amendments to the new constitution and existing laws.

Tsvangirai rejected Mugabe's landslide victory, alleging massive
voting fraud and calling for fresh elections. Tsvangirai said he will
challenge the results in court.

Tsvangirai told a news conference that his Movement for Democratic
Change party will not "participate in any government institutions" to
protest what he said was voting fraud. Tsvangirai called for a
peaceful response, despite the alleged voting fraud.
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Berkshire Hathaway's 2Q profit jumps 46%

Posted on 09:07 by Ashish Chaturvedi
OMAHA (AP) — Berkshire Hathaway's second-quarter profit jumped 46% as
Warren Buffett's company reported big paper gains on the value of its
investments and derivative contracts.

On Friday, Berkshire reported net income of $4.54 billion, or $2,763
per Class A share. That's up from $3.1 billion, or $1,882 per Class A
share, last year.

Berkshire owns an assortment of companies, including clothing,
furniture and jewelry firms. Its insurance and utility businesses
typically account for more than half of the company's net income. It
also has major investments in such companies as Coca-Cola Co. and
Wells Fargo & Co.

The biggest factor behind the big swing in earnings was the estimated
value of Berkshire's investments and derivatives. This year, those
were worth $622 million. Last year, Berkshire recorded a $612 million
paper loss on those.

Berkshire's revenue grew 16% to $44.69 billion as its more than 80
subsidiaries generally performed well.

The three analysts surveyed by FactSet expected Berkshire to report
earnings per Class A share of $2,163.63.

Several years ago, Berkshire sold derivative contracts that are tied
to either the value of several global stock indexes or credit
defaults. Berkshire must estimate the value of those contracts every
time it reports earnings even though the contracts won't mature for at
least several more years.

So the true value of the derivatives won't be known until later, but
they can create big swings in Berkshire's net income from quarter to
quarter.

Without Berkshire's investments and derivatives, the company based in
Omaha reported operating earnings of $3.92 billion, or $2,384 per
Class A share. That's up from $3.72 billion a year ago, or $2,252 per
Class A share.

Berkshire's BNSF railroad performed well in the quarter and
contributed $884 million to the conglomerate's profits, up from $802
million a year ago.

BNSF said volume was up 3% this year and rates improved 2 percent as
the railroad hauled more coal, crude oil and intermodal containers of
products. Berkshire said higher natural gas prices and low utility
stockpiles drove coal demand higher.

Berkshire's insurance businesses, which include reinsurance giant
General Re and car insurer Geico, contributed $530 million to
Berkshire's net income in the quarter. That was down from $619 million
last year mostly because Berkshire recorded $189 million in pretax
losses related to flooding in Europe.
Copyright http://www.usatoday.com/
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E-Book Case Reminds Apple Its Biggest Enemy Isn't Samsung Or Google

Posted on 08:56 by Ashish Chaturvedi

The fight between Apple and the Department of Justice has been a story
of overreaching. Rather than join publishers in settling with the
government over accusations it conspired to fix the prices of e-books,
Apple decided to fight in court. Of course, the company lost and as a
result the government gets to weigh in on punishment for Apple. This
time the Department of Justice is doing the overreaching. It
recommended Judge Denise Cote not only stop Apple from engaging in the
offending behavior that started this mess, but also that the
government get to dictate how Apple runs its App Store and iTunes
store for years to come. Really?

To recap the important facts of the case briefly: Apple was found
guilty of conspiring with the major book publishers to raise prices
for e-books. The company is appealing the decision, but assume it will
stand (these things are rarely overturned and since prices did in fact
rise as a result of the agreements Apple struck, a successful appeal
is unlikely). Because the publishers settled, however, Apple no longer
exerts any pricing control beyond its own bookstore, which has perhaps
20% of the market.

A proper remedy in a case like this is to figure out how much damage
was done to consumers, apportion it among the guilty — the publishers
and Apple — and then bill everyone for the harm done. So if, say,
e-book prices rose by a total of $1 billion during the period of the
price fixing and Apple was deemed to be 20% of the cause, that would
be $200 million of "harm". Under antitrust law, you can often triple
the damages, so the government could hand Apple a bill for $600
billion, make it sign a series of promises never to do this kind of
thing again (called "consent decrees"), and call it a day.

But this Justice Dept. seems unfamiliar with the law and is of the
mind that Apple needs to be taken to the woodshed. It's looking to
replay the 2001 Microsoft case where a ruling ordering Microsoft to be
split in two was handed down, even though that ruling had little to do
with the case at hand. And, of course, Microsoft wasn't split in two.
Judge Cote should keep the ruling in United States v. Microsoft in
mind when she summarily rejects Justice's bizarre remedies here for
Apple. The government would like:

To prohibit Apple "from entering into agreements with suppliers of
e-books, music, movies, television shows or other content that are
likely to increase the prices at which Apple's competitor retailers
may sell that content."
For Apple to provide direct links to Amazon's and Barnes and
Noble 's e-bookstores from the Kindle and Nook apps and to allow those
third-parties to sell books commission free to Apple users for 2
years.

The problem with these isn't that they're so completely unreasonable
at face value, it's that the government has no right whatsoever to
impose them. In the Microsoft case, the U.S. Circuit Court in
Washington, D.C. explicitly rejected proposed remedies to Microsoft's
attempts to monopolize the market for web browsers that had nothing to
do with web browsers. Here the government attempts again to do the
same thing, suggesting Apple pay the freight for a government watchdog
to make sure it doesn't misbehave in any deal it might do with someone
— even those completely unrelated to e-books.

Calling the proposals a "draconian and punitive intrusion into Apple's
business," the company tried to remind the government of this in its
own filing. "This court is not at liberty to enjoin all future
[potential] violations of the antitrust laws … unrelated to violations
found by the court" the company wrote, citing language from the
Microsoft case. It further makes the valid point that the proposed
remedy not only fails to relate to the harm Apple caused in the e-book
case, but is only there to protect against some vague future
mis-dealing the company might engage in. We have rules for this
already — the antitrust laws on the books. If Apple breaks them again,
the government should feel free to sue it again. The idea DOJ should
get some additional ability to review every business deal Apple does
for the next decade is both crippling and absurd.

It would, however, be a dream come true for competitors like Google
and Amazon, who would benefit greatly from having every content
partnership Apple wanted to engage in be slowed down by the
bureaucracy. Of those, though, only Amazon would get the commission
free e-book sales for 2 years. And this is where it starts to move to
the ridiculous. Of the 80% of the e-book market Apple doesn't have,
Amazon has most of it. It needs the government's assist here like
LeBron James needs a basketball tutor. (Nothing is going to save the
Nook at this point.)

As the decision stands, Apple broke the law, but ironically it seems
to be the only party that understands it. It cites the antitrust
doctrine of having a "close, logical nexus between the proposed remedy
and the alleged violation" and that "the remedy should fit the
violation and flow from the theory… of competitive harm". That
doctrine comes from the DOJ's own manual.

So how then does a conspiracy to raise prices between book publishers
lead to a suggestion that Apple provide two third-party apps special
treatment among the 850,000 offered on its App Store? (Developers pay
30% of subscription fees or any app-related digital purchase fees to
Apple.) And why does this lead to the recommendation that someone
interfere with Apple's dealings in the movie industry? The "logical
nexus" is far from apparent here. And at no point in the trial did the
government ever raise any issues related to the App Store, suggest
that Amazon was harmed (which would've been laughable) or claim Apple
is monopolizing the movie and music industries (which have plenty of
competitors these days to Apple's offerings).

In short, under the law and existing guidelines, there is no basis on
which to impose these remedies. The punishments do not fit the crime.

The digital content universe is thriving and very competitive. A big
reason for that is pioneers like Apple proved it was viable with
offerings like iTunes and the App Store. To its own detriment, Apple
dismissed the Kindle and e-books early on. Later on — at least in the
eyes of Judge Cote — it broke the law to play catch up. Apple should
be fined and stopped from doing it again. And then it should be set
free to compete. Otherwise, the government takes one of the most
important competitors in the digital world and hamstrings it. That's
not a win for consumers, it's a loss for all of us.
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Moto X: Top 5 Features Of The Motorola Phone From Google (GOOG)

Posted on 08:43 by Ashish Chaturvedi

The Moto X phone from Motorola Mobility, a Google (NASDAQ:GOOG)
company, was revealed on August 1. The Moto X specs include a 4.7-inch
AMOLED screen, version 4.2.2 of the Android operating system, a
dual-core main processor (1.7GHz), and 2GB of RAM.

However, Motorola has joined other manufactures to argue that the
hardware specifications of a device -- from processor benchmarks to
camera megapixel numbers -- are not the most important features of a
good user experience. Motorola will offer the Moto X phone as a highly
customizable device and are marketing it as having an easy to use
"Google experience."

The Moto X, while not having the hottest hardware specifications on
the market, does have a few new features makes it stand out against
competing devices on the market, including the iPhone 5 and the
Samsung Galaxy S4. Here are the top five features of the Moto X, which
Motorola will release at an unspecified date in late August or
September.
1) Personalization

AT&T subscribers will be able to order the Moto X from Motorola's Moto
Maker website at launch. An unlocked or Google Play version of the
Moto X has not yet been announced, but is expected to be in the works,
and Motorola has announced that the "Motomaker" design studio will be
coming soon to Best Buy. Subscribers to Verizon, Sprint, T-Mobile and
U.S. Cellular will have fewer color options at launch, but Motorola
said that the Moto X will be offered in custom options from other
carriers by the end of 2013.

Moto X designers can choose a back from 18 different colors through
the Moto Maker, including six colors from the "cool" side of the
spectrum (like green and blue), five shades that span from white and
grey to black, and seven "warm" hues ranging from red to yellow.

Motomaker allows users to pick a Moto X front in white or black, as
well as one of seven metallic "accent" colors to accentuate the
phone's bumper buttons and a ring around its camera. Users will also
be able to add a "signature," sort of like the engraving done on Apple
products, but more of a darkly-printed paint job in the case of the
Moto X.

After the outside of the Moto X is finished, Motorola will offer two
different cases for the phone from Incase -- a simpler, snap-on case
in clear or "black frost" and a Pro Shell Case with seven different
colored bumpers, including black, gray, green, blue, orange and pink.

The Moto X will also be offered in 16GB and 32GB iterations, with
customizable text for the Moto X's boot animation, as well as a choice
of wallpaper and whether or not the phone should ship synced to a
user's Google account. According to Motorola's Motomaker Youtube
video, the Moto X will offer a choice of wall charger, and 13
different earbud color options from SOL. The earbuds will come at an
extra cost, which the company has not yet announced.

2) 'Always on' voice control

The Moto X has a relatively new feature also present in the new family
of devices for Verizon Wireless -- including the Motorola Droid Ultra,
Mini and Maxx -- voice control that is turned on whenever the phone
is, always listening for the specific command: "OK, Google Now."

The "Google Now" voice feature is always on, but according to
Motorola's Guy Kawasaki, is "silent until you ask it to do something."
Several hands-on demonstrations with the Moto X have shown that the
voice features available with Google Now require a training session --
the phone has to learn a user's voice before it will respond.

Training the Moto X to understand a specific user's voice and ignoring
others will give it additional security. For the "Google Now" voice
features to work properly, lock screens and other barriers to
hands-free usage need to be broken. The Moto X could be the phone to
do it, but only time will tell if the voice gestures in Motorola's
latest offering will sink or swim.

The International Business TImes has created a detailed breakdown of
the Motorola's X8 Mobile Computing System, which powers the Moto X. In
it, the X8's low-power natural language processing core is highlighted
as the backbone of "Google Now" and voice search in the Moto X.

Voice control could change the way that people interact with
technology. Motorola and Google's decision to incorporate always-on
voice gestures to the Moto X and new Droid devices is a major first
step. Forcing users to touch or pick up a smartphone to turn on a
listening app eliminates the convenience of the technology. However,
there are two main hurdles for always-on voice control: battery life
and hands-free usage.

Even though it is always listening, it is not yet clear if the Moto X
is able to bypass lock screens with its voice control features. Since
the Moto X will be trained to detect its owner's voice, the lock
screen might not be a necessary component of the phone's security, but
it remains to be seen if lock screens are going to be a major
hindrance. The video embedded above details the Moto X's ability to
create alarms and save notes without having to be touched. However, it
does not highlight phone calls being made or text messages being read
aloud -- which could mean the functionality is disabled or not
included. If this is true, the Moto X's voice functions will be
disappointingly limited.

If the low-power natural language processor is able to power "Google
Now" without quickly draining battery life, and allows smartphone
users to actually complete tasks rather than just checking the
weather, then voice search might actually start working like the
computer on "Star Trek" as opposed to some cheap parlor trick.

3) Situational awareness

Motorola has said that the "responsiveness" of the Moto X will set it
apart from other smartphones. Place it with the screen facing down on
a table, and it turns off the AMOLED screen. The same goes for placing
the phone in a pocket. Pick it up, and the Moto X lights up, ready for
action.

The Moto X also offers a low-power contextual awareness processor to
determine how to function in situations like the speeding motion of a
moving car, or the bouncing jog of a runner. This will allow the Moto
X to react accordingly, with less input from a user. When combined
with voice controls, the awareness of the Moto X will allow the phone
to be easier to use and more responsive to its users, Motorola says.

4) A gesture-based camera

Quickly twist the Moto X two times with your wrist, and the screen is
turned on, camera app ready to go. We at IBTimes are not able to
report whether the gesture is worthwhile or simply induces carpal
tunnel until we can review the Moto X hands on. However, the Moto X
camera (10-megapixel main on the back, 2-megapixels up front) has a
nice new addition in the form of an updated user interface.

Taking a picture only requires a touch, rather than pressing a single
button. Videos require the touch of the video-camera icon, and still
photos can be taken during video capture with a press of the screen as
well. Smartphone cameras have become the main instrument of
photography for many consumers, and having one that is easier to use
and functions better would be a major caveat for Motorola.

5) Assembled in the U.S.

While the feature will be exclusive to AT&T subscribers for the first
few weeks (or months) that follow the launch of the Moto X, Motorola
promises customized versions of the phone will ship to consumers in
"four days or less" after they place their order. The quick turnaround
is because the Moto X will be the first smartphone assembled in the
U.S. Many components will come from suppliers around the world, but
the final production of the Moto X will happen in the U.S., with
custom devices shipping straight from the Fort Worth, Tex. Motorola
factory.

Most Americans are willing to pay more for a product built in the U.S.
according to a recent Gallup poll. Most Chinese consumers are also
willing to pay more for a device made in the U.S., according to a
study from the Boston Consulting Group. That means a larger, more
interested market for Motorola and Google with the Moto X, and
potentially a more positive perception of Motorola (and Google) in the
U.S.

More than the sum of parts

Google acquired Motorola to protect the Android ecosystem and its
hardware partners from lawsuits over software patents from Microsoft
and other parties. Motorola had acquired a number of patents, and
Google paid dearly for it -- over $12 billion. However, Motorola CEO
Dennis Woodside (formerly from Google) was quick to point out at D11
that Motorola developed the StarTAC, one of the first popular cell
phones to gain traction with consumers, as well as the popular RAZR
line.

If Motorola is able to become a success again, Google's investment
will not only protect its Android operating system -- the company will
finally start to see a profit from hardware, like Apple does with the
iPhone.

The Moto X will be mostly assembled in the U.S. The Moto X will be
highly customizable with several color options and a voice search that
can learn its owner's voice. The Moto X's voice control will always be
listening when the phone is powered up, and a series of sensors might
allow the phone to function more intuitively than its competitors.
While marketing is certainly a factor at play in the pre-release hype
of the Moto X, if the promised features function properly, then the
phone will have good reason to sell well.

If the Moto X is a hit, then Google's acquisition of Motorola was not
only a smart move, it will have been a grand slam.
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UN to probe Syrian opposition claims of chemical weapons use.

Posted on 04:15 by Ashish Chaturvedi

UN to probe Syrian opposition claims of chemical weapons use.
The Syrian opposition has pledged to fully cooperate with UN
inspectors who are due in the war-torn country to investigate claims
that forces loyal to President Bashar Assad used chemical weapons,
Israel Radio reported on Saturday.
According to Israel Radio, the inspectors are scheduled to visit Syria
in the coming days. They will reportedly visit three sites where rebel
fighters battling the Assad regime claim there was use of chemical
arms.

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'An absolutely ridiculous idea': Wikipedia co-founder Jimmy Wales rejects David Cameron's online porn filter plan.

Posted on 03:32 by Ashish Chaturvedi

'An absolutely ridiculous idea': Wikipedia co-founder Jimmy Wales
rejects David Cameron's online porn filter plan.
One of David Cameron's most high-profile celebrity advisers has
branded the Prime Minister's plan to restrict online porn as "an
absolutely ridiculous idea that won't work."
Jimmy Wales, co-founder of Wikipedia, was asked about the plans for
web users to opt-in to receive adult content, and otherwise be
blocked.
Warning that access to online pornography is "corroding childhood" the
Prime Minister said internet service providers will ask users who open
new contract whether they want to activate filters which restrict
adult material.
Without an answer either way, the filters will be activated by default.
Mr Wales told Channel 4 News: "When Cameron uses the example of
paedophiles who are addicted to internet porn – all that these plans
would do is require them to opt in. It's an absolutely ridiculous idea
that won't work."
He said that - given more money - police could use existing
legislation to battle the problem.
Turning to the revelations about the US National Security Agency's
trawl of web use data, Wales decried that "billions had been wasted
shopping on ordinary people's data in a fruitless search for
terrorists".
He said: "We should be devoting a significant proportion of that to
dealing with the real criminal issues online, stealing credit card
numbers, hacking into sites ... that is going to take an investment in
real, solid police work.

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Insurgents attack Indian consulate in eastern Afghanistan: officials.

Posted on 03:23 by Ashish Chaturvedi

Insurgents attack Indian consulate in eastern Afghanistan: officials.
(Reuters) - A suicide bomber attacked the Indian consulate in the
eastern Afghan capital of Jalalabad on Saturday, Indian officials and
local police said, killing six people and wounding 22.
Gunfire resounded through the area for at least an hour following the
10 a.m. blast near the consulate entrance.
All the casualties were civilians, except for one wounded Afghan
soldier, said Baz Mohammad, a senior health official in Nangarhar
province.
"Explosion in front of India's Consulate in Jalalabad. All Indians
officials safe," Indian Ministry of External Affairs spokesman Syed
Akbaruddin said on Twitter.
The attack followed a world-wide travel alert issued by the United
States on Friday, saying that Al Qaeda could be planning attacks in
August, particularly in the Middle East and North Africa. The United
States has ordered the closure of 21 embassies and consulates on
Sunday, including its Kabul mission.
Nangarhar police chief Mohammad Sharif Amin told Reuters a bomber
detonated a car packed with explosives outside the consulate and an
adjacent mosque. The consulate was the intended target, he said, but
most casualties were from the mosque.
Roads near the Indian consulate remained blocked as gunfire rattled
through the area, deputy provincial police chief Masoom Khan Hashimi
said.
Indian diplomatic missions have been targets of previous attacks in Afghanistan.
The eastern border province of Nangarhar, and its capital Jalalabad,
have long been a hotbed of insurgent activity.
On Friday, a five-hour battle between Afghan security forces and
Taliban fighters in the province's Shirzad district killed dozens of
Afghan police and insurgents, officials said.

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Twitter issues new rules in clampdown on abusive behaviour.

Posted on 03:14 by Ashish Chaturvedi

Twitter issues new rules in clampdown on abusive behaviour.
Social networking site Twitter has issued new rules to help clamp down
on abusive behaviour.
The company said it had updated its rules to make it clear that abuse
will not be tolerated.
Extra staff have also been put in place to handle reports of abuse,
Twitter said.
The move comes after police revealed they were investigating
allegations by eight people of abuse or threatening behaviour on the
site.
Scotland Yard said its e-crime unit was looking into the claims, three
of which involve incidents outside London.
Three female journalists said they had been the subject of bomb
threats on the site, while an MP and a campaigner received threats of
rape.
The revelations sparked a backlash online, with a petition calling for
Twitter to add a "report abuse" button to tweets attracting more than
120,000 signatures.
'Clear message'
In a message posted on its blog, Twitter's senior director for trust
and safety, Del Harvey, and UK general manager Tony Wang, said the
company had updated its rules in light of feedback from customers.
They said: "It comes down to this: people deserve to feel safe on Twitter."
The company has clarified its guidance on abuse and spam - reiterating
that users "may not engage in targeted abuse or harassment".
And from next month an in-Tweet "report abuse" button already
available on some mobile devices will be rolled out across the main
Twitter website and apps.
Ms Harvey and Mr Wang wrote in their blog: "We want people to feel
safe on Twitter, and we want the Twitter rules to send a clear message
to anyone who thought that such behaviour was, or could ever be,
acceptable."
They said additional staff were being added to the teams that handle
abuse reports and the company was working with the UK Safer Internet
Centre, which promotes the safe and responsible use of technology.
"We are committed to making Twitter a safe place for our users," they
said, adding: "We're here, and we're listening to you."

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Friday, 2 August 2013

US embassies to shut on Sunday over 'security threat'.

Posted on 01:48 by Ashish Chaturvedi

US embassies to shut on Sunday over 'security threat'.
The US will close a number of embassies and consulates, mostly in the
Middle East, on Sunday in response to an unspecified threat, officials
say.
A state department spokeswoman said the order applied to any embassy
or consulate normally open on Sunday.
In the Muslim world, Sunday is a work day. In other parts of the world
US diplomatic offices are shut on Sunday.
Last year on 11 September, the US consulate in Benghazi, Libya, was
attacked, leaving four Americans dead.
Other embassies are routinely targets of protesters.
"We have instructed all US embassies and consulates that would have
normally been open on Sunday to suspend operations, specifically on
August 4th," a senior state department official told the BBC.
"It is possible we may have additional days of closing as well."
The official said the state department had "been apprised of
information" leading it to these "precautionary steps... out of an
abundance of caution".
CBS News reported that among those affected by closure would be the
embassies or consulates in Bahrain, Israel, Jordan, Kuwait, Libya,
Oman, Qatar, Saudi Arabia, Yemen, Afghanistan and Bangladesh.
Last year, the attack on the facility in Benghazi led to the deaths of
US Ambassador Christopher Stevens, as well as three other US consulate
staff.

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RBS Names Ross McEwan as CEO.

Posted on 01:46 by Ashish Chaturvedi

RBS Names Ross McEwan as CEO.
LONDON—Royal Bank of Scotland Group on Friday promoted Ross McEwan,
the head of its retail bank, to the role of chief executive.
The bank, 81% owned by the British government, said Mr. McEwan will
start on Oct. 1. The New Zealander, who was widely tipped to take the
job, will replace departing CEO Stephen Hester, who announced his
decision to step down in June.
In accepting the job, the 56-year-old will be tasked with improving
returns at the bank, appeasing its political owners and eventually
returning it to private hands.
Mr. McEwan's first act on the job, however, was to renounce his bonus.
RBS said he would be paid £1 million ($1.5 million) a year in salary
and has agreed to give up his bonus for the remainder of 2013 and the
whole of 2014. Future pay awards will be put to a vote by shareholders
at next year's annual meeting.
RBS Chairman Philip Hampton said the appointment had been made after
"an international search," and added that no one else had been offered
the job. "This is a job that is among the most important and
challenging in the business world, and Ross has shown that he has the
drive and capability to take it on," he said.
U.K. Chancellor of the Exchequer George Osborne said Friday he
welcomed the appointment. Mr. McEwan "impressed me with his vision of
RBS as a strong, U.K.-centered corporate bank that is focused on
supporting the British economy," he said.
Mr. McEwan joined RBS in August 2012 from Commonwealth Bank of
Australia, where he ran the bank's retail business for five years.
Before that, he spent 18 years in senior roles in both the insurance
and investment business, including at the stockbroking business First
NZ Capital Securities and head of the National Mutual Life Association
of Australasia Ltd.
The New Zealander's background in retail banking has many analysts
predicting this could herald a further shrinking of RBS's investment
bank. On Friday, Mr. Hampton played this down, saying that most of the
restructuring at the bank was now complete.
Instead, the new CEO's task will be to try squeeze greater returns
from RBS's increasingly U.K.-focused activities. On Friday, the bank
said it turned a first-half profit on the back of lower impairment
charges and a swing in the value of its own debt. In the first six
months of 2013, RBS made a net profit of £535 million, after a loss of
£2.03 billion a year earlier. Banks book accounting gains or losses on
their own debt to reflect price they would pay if they were to buy it
back in the open market.
Revenue, however, fell to £10.61 billion from £11.69 billion a year
earlier, excluding the value of own credit and other special items, as
the group's markets division continued to post weaker results. "We are
running hard to stand still," said Mr. Hester.
Mr. McEwan will also have to digest various legacy issues. In the
first half of 2013, RBS booked a £185 million provision for wrongfully
sold insurance products, bringing its total provision to £2.4 billion.
The bank also put aside £385 million to cover undisclosed legal and
regulatory actions.
The U.K. government is currently evaluating whether to break up RBS
into a "good" and "bad" bank. Mr. Hester said he hadn't heard back
from the U.K. Treasury and the bank was in the "information delivery
stage."

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Glee to address Cory Monteith's drug abuse and death.

Posted on 01:43 by Ashish Chaturvedi

Glee to address Cory Monteith's drug abuse and death.
Glee will "deal directly with the incidents involved" in the death of
Cory Monteith, says Kevin Reilly, chairman of entertainment at Fox.
Monteith played Finn Hudson, a high school sports star turned choir member.
The 31-year-old died last month in Vancouver, of an accidental
overdose of heroin and alcohol.
The fifth series of the US TV show, due to start in September, has
already been delayed by a week as writers rewrite episodes without
Monteith's character.
"[The] third episode will deal with the Finn Hudson character being
written out of the show," Reilly told reporters at a Television
Critics Association meeting.
"I can't speak to it yet because [it's still being written]. That
episode will deal directly with the incidents involved in Cory's
passing and the drug abuse in particular," Reilly added.
Money from music sales for the tribute will go into a fund in Monteith's honour.
He also said that the cast will record public service announcements
about drug abuse to air during the episode.
The series will now start on US television on 26 September and may be
one of the programme's last.
"I would not anticipate it goes beyond two more seasons," he said.
Monteith was in a relationship with Glee co-star Lea Michele at the
time of his death.
Earlier this week she told her 3.5 million followers on Twitter:
"Thank you all for helping me through this time with your enormous
love & support. Cory will forever be in my heart."
Monteith missed the filming of the final episodes of the fourth series
of Glee after voluntarily checking into rehab for substance abuse in
April.
The actor had been open about his battle against addiction and was
first treated for drug abuse aged 19.

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Moto X: Google unveils 'self-driving', always listening smartphone.

Posted on 01:26 by Ashish Chaturvedi

Moto X: Google unveils 'self-driving', always listening smartphone.
Motorola's Moto X can be operated hands free using voice control, and
is designed to be in permanent listening mode.
Google has unveiled an American-built "self-driving" smartphone, the
first made from scratch by Motorola since it was acquired by the
internet company last year.
Using voice control as its standout feature, the Moto X is designed to
be in permanent listening mode, able to serve up directions, a weather
forecast or dial a number in response to a spoken command.
Using similar technology to the Google Glass spectacles which the
company is preparing for commercial launch, the device can be operated
hands free. By speaking the trigger words "OK Google now", users will
be able to wake up the phone without touching its screen.
"Google is the first to commercialise the self-driving car," said
Motorola chief executive Dennis Woodside, in a reference to the
vehicles Google's laboratories have been developing. "This is the
first self-driving phone."
The Moto X is the most high profile attempt by Google's founders Larry
Page and Sergey Brin to mesh software and hardware creation under one
roof, emulating the business model that helped Apple become the
world's most valuable company.
While Apple introduced the world to voice commands through its Siri
application, it has been criticised for its limited functionality and
integration with other application in the phone, and must be activated
by pushing the home button.
Google is using the Moto X to push the limits of voice control, but it
also responds to motion. Sensors linked to the phone's camera allow it
to be launched by two twists of the wrist, and the shutter is
triggered by touching any part of the screen.
The company is embracing the "made in America" banner as a point of
difference. In another deliberate contrast to Apple, whose reliance on
Foxconn's assembly plants in China has left it open to accusations of
allowing the iPhone to be produced by poorly treated workers, Google
will assemble its handset at a newly opened and Motorola owned factory
in Texas.
"Users have large screens, they have voice control – so at the end of
the day what may attract users to replace their current smartphone is
a completely new experience," said IDC analyst Francisco Jeronimo. "In
my opinion, it's one of the biggest trends of the next year."
Google is also counting on the appeal of customisation. When ordering
their handset, new owners will be able to choose front and back case
colours and order their names or a short message engraved into the
body of the phone, via an online service called Moto Maker.
With smartphone ownership approaching saturation point among high- to
middle-income earners in the west, the Moto X is priced at the budget
end of the market.
Featuring a 4.7 inch screen and a 10 megapixel camera, it will cost
from $199 (£132) on contract for a handset with 16MB of storage.
However, Google has no plans yet to release the handset in Europe. It
will go on sale in the United States, Canada and Latin America from
late August or early September.

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Fabrice Tourre found liable for defrauding investors.

Posted on 01:22 by Ashish Chaturvedi

Fabrice Tourre found liable for defrauding investors.
Fabrice Tourre, the former Goldman Sachs banker, has been found liable
for his role in a massive mortgage securities fraud that cost
investors $1bn (£661m).
"Fabulous Fab", as he calls himself, was found liable by a
nine-member jury for six of the seven charges against him. He now
faces potential fines and a possible ban from the financial industry.
The 34-year-old, who had denied wrongdoing, was sued by America's
Securities and Exchange Commission in the highest-profile trial to
emerge from the financial crisis.
The SEC described Tourre as the "face of Wall Street greed" and
claimed he hoodwinked investors into ploughing money into a sub-prime
mortgage vehicle called Abacus while he was at Goldman.
The SEC claimed Tourre and the hedge fund Paulson & Co conspired to
hook buyers by suggesting that founder John Paulson was also backing
the vehicle, on the assumption that house prices would rise. In fact,
Mr Paulson had taken a short position, betting that house prices would
fall. The manoeuvre ended up making $1bn for the hedge fund.
The SEC also sought to show that the scheme helped earn Tourre a bonus
that boosted his salary to $1.7m in 2007.
Goldman settled with the SEC to the tune of $550m without admitting or
denying wrongdoing to avoid a similar trial, but has covered Tourre's
legal fees despite him leaving the bank last year.
In a statement on Thursday, Goldman said: "As a firm, we remain
focused on being more transparent, more accountable and more
responsive to the needs of our clients."
The SEC said it was "gratified" by the outcome. "We will continue to
vigorously seek to hold accountable, and bring to trial when
necessary, those who commit fraud on Wall Street," said Andrew
Ceresney, the SEC's co-director of enforcement. "Mr Tourre... put
together a complicated financial product that was secretly designed to
maximise the likelihood that it would fail, and marketed and sold it
to investors without appropriate disclosure,"
US District Judge Katherine Forrest instructed both sides to submit
proposals by August 23 for what she termed "next steps". The judge
will determine any financial penalties for Tourre.

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Thursday, 1 August 2013

Tourre Interviews: Case Will 'Stay With Me Forever' .

Posted on 21:30 by Ashish Chaturvedi

Tourre Interviews: Case Will 'Stay With Me Forever' .
At the end of each day of his three-week trial, Fabrice Tourre
shuffled through a downtown Manhattan courthouse's revolving doors
onto Worth Street, past photographers and into a nearby building where
his legal team had set up temporary offices.
Now, the former Goldman Sachs Group Inc. trader would like nothing
more than to slip away, undetected, into Wall Street history.
Yet three years after the government accused Mr. Tourre and his former
employer of misleading investors, the 34-year-old Frenchman concedes
he will never shake a public identity forged by the trial and a cache
of personal emails that surfaced during the inquiry.
"I'm not naive," he said during a series of recent interviews with The
Wall Street Journal prior to a federal jury's verdict in the trial
Thursday. "It's going to stay with me forever."
The nine-member jury found Mr. Tourre liable on six of seven claims
that he violated federal securities law. He may face a fine and a ban
from the securities industry. Neither Mr. Tourre nor his lawyer
commented Thursday.
In the recent interviews, Mr. Tourre said he was resigned to a legacy
as the face of Wall Street's mortgage machine run amok. Yet he said he
was excited to return to his new life among the gothic buildings of
the University of Chicago, where he is working toward a doctorate in
economics.
Sitting in his lawyer's conference room, Mr. Tourre was as he often
appeared on the witness stand last week: upbeat and unyielding in his
defense of the actions at the heart of the Securities and Exchange
Commission's civil complaint. His responses, like many of the emails
that surfaced as exhibits in his trial, at times brim with optimism
and self-awareness.
"I know the point of view of many people in the world is that I'll
probably look like a bad guy," he said. "You cannot erase Google
searches. You will forever get the same articles, forever get the
fabulous Fab."
The nickname, bestowed by a Goldman colleague and referred to by Mr.
Tourre himself in an email to his girlfriend, helped define him to
many as an unsympathetic figure at one of Wall Street's most powerful
firms.
The SEC said Goldman and Mr. Tourre misled investors on a mortgage
deal that soured during the financial crisis, costing investors $1
billion. Mr. Tourre's lawyers had rejected those claims, calling Mr.
Tourre a "scapegoat," a junior Goldman employee who rarely acted
alone.
"I was a big team player," Mr. Tourre said. "If there was something
wrong with this transaction, wouldn't people have told me?"
Wall Street was never an obvious destination for Mr. Tourre, who grew
up in Châtenay-Malabry, a middle-class suburb of Paris. His father
sold office furniture, while his mother worked as a pedicurist.
"It's an accident that I ended up in the financial industry," he said.
When he came to the U.S. in 1999 for an internship at the Hamilton,
Ohio, factory of Valeo SA, a French auto-parts manufacturer, Mr.
Tourre said, his co-workers called him "Febreze," and quizzed him on
his parents' decision to name him after a "detergent brand."
After picking up a graduate degree at Stanford University on
scholarship, Mr. Tourre decided to interview with some of the banks
that had come to Stanford to recruit, including Goldman. His interview
"went OK, I guess," Mr. Tourre said.
Mr. Tourre began at the firm in 2001, was promoted to associate in
2004 and, in December 2006, rose to vice president, a midlevel title
shared by thousands at the firm. Even so, in 2007, when he helped
create Abacus, the collateralized-debt obligation at the center of his
SEC trial,
Mr. Tourre was 28 years old and earning $1.7 million in total
compensation. Later that year, he transferred to London.
Sensing the market for complex securities like CDOs was dying, Mr.
Tourre began in late 2008 to reach out to friends about working at
hedge funds and other investment firms. At his trial, the SEC showed
the jury an email he had sent to Paolo Pellegrini, the former Paulson
& Co. executive called as a witness for the government, indicating Mr.
Tourre was surveying his prospects elsewhere.
"It wasn't a pleasant time to be working on a trading business where
the direction from senior management was 'this business is going
nowhere, let's shut it down,'" he said.
Then came a call from an in-house Goldman lawyer. The attorney told
Mr. Tourre the SEC wanted to speak to him about a deal he had helped
structure two years earlier, he said. He said he met with the agency's
investigators on March 3, 2009.
The SEC had warned Goldman that year that it might be charged with
violating securities laws in connection with the Abacus deal. Mr.
Tourre said he didn't hear from the SEC again until that September,
when the regulator sent him a so-called Wells notice informing him he
might also be charged. He hired his own lawyer, Pamela Chepiga, from a
list provided by Goldman and the firm's outside law firm. Goldman
picked up the tab.
Mr. Tourre said he was sitting at his trading desk in London at about
4 p.m. on April 16, 2010, when a friend sent him a news story
reporting that the SEC had filed a complaint against him and Goldman.
"It was a shock," he said.
Although he said no one from the firm ever told him so, Mr. Tourre
said he knew he was probably finished. Goldman released a series of
Mr. Tourre's emails to the public just before he was scheduled to
testify before a U.S. Senate subcommittee.
"They took certain steps that immediately didn't make me look good,"
he said. "But did I understand why they took those steps? Of course I
did."
A person familiar with the matter said Goldman released the emails to
get ahead of any effort by other parties to cherry-pick a handful of
notes most damaging to the firm's defense.
Soon the world would know Mr. Tourre as fabulous Fab, a moniker he
said was coined by Mitch Resnick, a Goldman colleague. A person
familiar with the matter said Mr. Resnick, who worked in London, would
frequently call the trading desk in New York asking: "Is Fabulous
there?"
The name surfaced in an email he wrote to Marine Serres, another
colleague at Goldman's London office and Mr. Tourre's girlfriend until
2011.
The email did more than embarrass him. The SEC had seized on that note
and others as evidence he knew the mortgage market was collapsing even
as he sold complex securities to investors destined to lose money.
Three months later, Goldman settled its SEC suit, agreeing to pay $550
million. The agency offered Mr. Tourre a deal consisting of a fine, a
lifetime ban from the industry—with the right to reapply in two
years—and an acknowledgment that he would neither admit nor deny
wrongdoing. It gave him 24 hours to accept, he said. After consulting
with his lawyers, Mr. Tourre said, he rejected the offer.
His legal travails took a bizarre turn in 2011 when his laptop, which
he thought was broken when he tossed it in the garbage at his New York
apartment on 10th Street and University Place several years earlier,
reappeared—along with a still-streaming Gmail account—in a newspaper
article that detailed still-more personal emails.
Mr. Tourre said he was in Rwanda, volunteering at a nonprofit that
advised local coffee farmers, when he learned that his private notes
to friends and family members were laid bare. "It is what it is," he
said.
In September, Mr. Tourre is scheduled to go back to the University of
Chicago to teach macroeconomics to fellow doctoral candidates. A
spokesman for the university said Mr. Tourre is currently enrolled at
the university but declined to comment further Thursday.
Mr. Tourre's research interests, including the relationships between
markets and economics, and systemic risks in the financial system,
make a clean break from his old life all but impossible. Mr. Tourre
says he is OK with that.
"I want to finish my Ph.D.," he had said before the jury's verdict
Thursday. "I started something and I want to finish it.''

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Jack White's Wife Files Restraining Order.

Posted on 21:23 by Ashish Chaturvedi

Jack White's Wife Files Restraining Order.
The estranged wife of rock star Jack White has filed a restraining
order against him, saying she fears for her safety.
British model and singer Karen Elson said in divorce filings that he
was threatening her and she fears for her and her children's safety.
Elson married White - one half of the White Stripes until a 2011
breakup - in Nashville in 2005 and they have two children.
They separated in 2011 and Elson filed for divorce last year.
She filed for a temporary restraining order on July 17, it was
approved by a judge pending a court hearing on August 29.
Elson said in the filing that White has a violent temper, sends her
emails laced with profanity and calls her derogatory names.
It is believed the two have been in disagreement for months over custody issues.
Elson currently cares for their children, aged five and seven, but
White reportedly wants to be more involved.
White has supposedly been unwilling to enter family counselling and
has been "pressuring (Elson) about the settlement terms for divorce".
In one quoted email, he wrote: "I'm not extending this anymore. And
we're not getting lawyers involved to rip me off."
White's publicist said there was no immediate comment to be made.

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The NVidia Shield Is A Gorgeous Console With No Games

Posted on 10:48 by Ashish Chaturvedi

The NVidia Shield I've had for a day now. I've played games on it,
I've tried it out, and I have to say, it's gorgeous. It's got a
pleasing weight to it, it's got thunderous speakers, it's got a
gorgeous screen, it's got a great gamepad. All the elements for a
great game system are here except… what's the missing ingredient… oh,
right. Games.

In terms of hardware, I can't emphasize this enough, this is one of
the Android devices to get. Seriously. Bar the new Nexus 7, I don't
think there's a better demonstration of what Android can do as an
operating system. NVidia nearly manages to beat Google at its own
game, with this. Hardware-wise, it has a great feel, and for non-game
software, it's perfect.

And therein lies the problem; your choice of games are either Android
games, which don't necessarily work with it very well, or PC games,
which don't necessarily work with it very well for entirely different
reasons.

The PC game streaming is probably the selling point, and it looks
really, really cool, right up until you turn around and the audio cuts
out for a few seconds, or artifacting smears across the screen for a
second in the middle of a tense firefight. It's not a dealbreaker, per
se, and the feature is still in beta, but if you were hoping to use
this to stream games on the couch, it's not there yet.

Similarly, booting up an Android game on this thing is like giving a
Ferrari to a gorilla. It might realize that there is speed and glory
right in front of it. It might even figure out how to start the car
and drive off. But it's more likely to look at the car, scratch its
head, and then drop a massive gorilla load all over the leather
upholstery.

For example, the first game I went to was Grand Theft Auto: Vice City
because of course. I fire it up, start the tutorial, and the game has
absolutely no idea what the hell I'm using as an input device.
Basically you've got to poke at the controls to find each button. Max
Payne? Same problem. The Dark Knight mobile game? Same problem.

I wasn't expecting it to "just work", of course, but yeesh. To be
fair, with some experimentation and fiddling, all of these games did
work and once the Shield got the hang of it, they delivered a far, far
better experience than I've yet had with mobile gaming. But once you
get out of the heavy hitters and into strictly mobile games, welcome
to configuration hell. It's not as miserable an experience as getting
a mobile game to work on a Ouya, but it can be pretty close.

It's frustrating because the Shield is pretty much the solution to the
mobile gaming conundrum. I can see exactly what NVidia was thinking;
Android games are an enormously popular genre, and if we give the
hardcore a tool to enjoy them, that will mean more Tegra sales and
piles of money for Android developers. But the Android developers
aren't on board, and they seem confused as to why anyone would give
them a system that, you know, does stuff and has inputs beyond a
volume button.

Hopefully the Shield can straighten this out, either by having some
Android games made for it or by helping developers make their games
more Shield-friendly. Because this is a gorgeous piece of gear, and
you can taste the potential in your fingertips. It just isn't being
met yet.

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Will Rihanna's Topshop Lawsuit Victory Sour Chloe Green Friendship?

Posted on 07:16 by Ashish Chaturvedi

Will Rihanna's Topshop Lawsuit Victory Sour Chloe Green Friendship?
As Rihanna wins her lawsuit against Topshop over the sale of
unauthorised T-shirts with her face on, we can't help but wonder if
her friendship with Chloe Green might be a bit on the awkward side
from now on.
Chloe, of course, is the daughter of Topshop boss Philip Green, and
she's known to be good pals with RiRi.
Early last year the former Made In Chelsea star was spotted attending
the 'We Found Love' singer's birthday meal at London's Nozomi
restaurant in early 2012, and she was also snapped attending her gig
when she played the HMVV Forum in Kentish Town last Novembe.
What's more, Philip Green was reported to have included Rihanna when
he jetted 100 A-list friends and their families half way around the
world to celebrate his 60th birthday celebrations in the Maldives.
She was allegedly enlisted alongside Stevie Wonder and Bruno Mars to
provide the musical entertainment for the bash, with the trio
apparently setting the mogul back around £3 million.
Perhaps their friendship with the star is what led a Topshop rep to
say the company was "perplexed" by the judge's decision to take her
side in her lawsuit against them.
The spokesperson said yesterday: "We feel that the fact that Rihanna
has shopped, worn and had a relationship with Topshop for several
years appears to have been detrimental to our case.
"We robustly dispute the Judge's conclusion. We believe that our
customers clearly understand when we are undertaking a collaboration
such as the one we created with Kate Moss over several seasons."
They added: "Topshop are therefore perplexed by the judge's decision
and are considering all options available to us including seeking to
appeal."
We wouldn't be surprised if things were a little frosty next time
Chloe and Rihanna have a little get-together...

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      • Tourre Interviews: Case Will 'Stay With Me Forever' .
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