Saturday, December 31, 2011

Crude Oil, Gold Expected to Decline as the New Year Begins

Talking Points

  • Crude Oil to Follow Stocks Lower in 2012 on Euro Crisis, Slowing Growth
  • Gold Outlook Bleak as Fed Backs Off QE, US Dollar Gains on Risk Aversion

WTI Crude Oil (NY Close): $99.65 // +0.29 // +0.29%

European shares are little changed in early trade and S&P 500 stock index futures are treading water, pointing to neutral risk appetite trends and promising a quiet end to the trading week and the year. Liquidity is almost certainly evaporating as market participants wind down for the New Year holiday, meaning any significant directional moves will likely wait until 2012.

Looking ahead to January, risk aversion seems likely to stage a comeback with the Eurozone debt crisis still unresolved and global economic growth expectations pointing to a broad-based slowdown. On balance, such an environment seems most supportive for safe-haven assets like US Treasuries and the US Dollar at the expense of global shares and growth-geared commodities including crude oil.

On the technical front, prices put in a Hammer candlestick above resistance-turned-support at thetop of a falling channel set from mid-November, hinting a pull-up is ahead. Initial resistance lines up at 101.80. The channel bottom, now at 98.93, remains as near-term support.

Crude_Oil_Gold_Expected_to_Decline_as_the_New_Year_Begins_body_Picture_3.png, Crude Oil, Gold Expected to Decline as the New Year Begins

Daily Chart - Created Using FXCM Marketscope 2.0

Spot Gold (NY Close): $1545.97 // -9.45 // -0.61%

With only hours left before global exchanges shutter for the New Year holiday, little can be expected in terms of significant directional momentum. Looking to 2012, the path of least resistance appears to favor weakness as the Fed?s abandonment of QE saps demand for gold as an inflation hedge while safe-haven capital inflows boost the US Dollar, amounting to a de-facto headwind.

Sizing up the chart setup, prices are showing a Hammer candlestick above support at 1532.45, the September 26 wick low, pointing to a corrective bounce ahead after gold took out major multi-year trend line support yesterday. Trend line resistance lines up at 1569.85. Renewed selling through support initially exposes 1477.99, the July 1 low.

Crude_Oil_Gold_Expected_to_Decline_as_the_New_Year_Begins_body_Picture_4.png, Crude Oil, Gold Expected to Decline as the New Year Begins

Daily Chart - Created Using FXCM Marketscope 2.0

Spot Silver (NY Close): $27.70 // +0.59 // +2.19%

As with gold, the fundamental landscape appears to favor weakness in the new year but little is likely to materialize in the remaining hours of 2011. Prices put in a Hammer candlestick at the bottom of a falling channel set from early November, hinting an upswing is ahead. Near-term resistance is at 28.41, while the next significant support level is marked by the September 26 low at 26.05.

Crude_Oil_Gold_Expected_to_Decline_as_the_New_Year_Begins_body_Picture_5.png, Crude Oil, Gold Expected to Decline as the New Year Begins

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow me on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

Source: http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2011/12/30/Crude_Oil_Gold_Expected_to_Decline_as_the_New_Year_Begins.html

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93% Mission: Impossible Ghost Protocol

All Critics (178) | Top Critics (34) | Fresh (165) | Rotten (12)

As usual with the series, the movie combines a plot line a toddler could understand with gadgets that would baffle an engineering Ph.D.

I'm thinking it, so I might as well say it: Mission: Impossible - Ghost Protocol is no Fast Five.

...it's pretty much state-of-the-art.

[Bird's] fresh touch gives breathless energy, tremendous excitement and, above all, humor to what could have been a wearying genre exercise.

Powered by Cruise's moxie, Mission: Impossible -- Ghost Protocol proves that in a Hollywood action-ride culture drenched in fake adrenaline, it's cathartic to encounter the real thing.

Mission: Impossible - Ghost Protocol is top-notch popcorn entertainment, chock-full of dazzling stunts and heroic moments, played out at a near-hysterical pitch.

...great cinematic entertainment.

Better than the tower climb is the scene in which Hunt infiltrates the Kremlin with, essentially, a high-tech magic trick; the playfulness of the effect demonstrates the usefulness of Bird's background in the astonish-the-audience culture of animation.

So exciting you have to remind yourself to breathe.

Ghost pulls off the impossible.

Film number four has found its optimum screen display, its best director for the job and its sense of humour while increasing the gadgets and death-defying stunts.

Something goes wrong and the entire Kremlin blows up. 'The wattage of my smile has overpowered the antiquated Russian electrical grid,' explained Tom.

The cinematography is rewarding enough for a travelogue. The good guy vs. the world with a hateful bad guy is involving. This is another film where you should just leave your brain at home, relax, and enjoy it.

Welcome to the post-Pixar action movie.

Best line of 2011 delivered by Jeremy Renner: "That's it. Next time I get to seduce the rich guy." Why is MI4 so terrific? I screamed out in the theater: "The pants are gonna rip!"

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It's actually pretty entertaining... but a certain genericness is creeping in.

A mature Tom Cruise is in top form here, displaying a relatively-sophisticated savoir faire in lieu of the easy boyish charm that's served him so well in the past.

It's a great mix that feeds an action junkie's need for death defying stunts but reminds us how dangerous it all really is so that we remain engaged in the tension of the scene.

Exhilarating, nerve-wracking, vertigo-inducing, action-packed popcorn picture, filled with spectacular feats of derring-do.

This is some Star Trek level techno-nonsense, but the locations, stunts, and ambient batsh*ttedness of the entire endeavor provide ample distraction.

Could be the poster boy for disposable films.

By turns eye-watering, knee trembling, heart-pounding and rib-tickling, this gravity-defying blockbuster is what popcorn was invented for. Chomp away!

...a perfectly watchable (yet undeniably overlong) entry in an almost remarkably consistent series...

This franchise has never dazzled with brilliance but it certainly baffles with something else. Mostly it's video game-style violence... occasionally pausing for necessary exposition that at home would be times to rest your thumbs.

More Critic Reviews

Source: http://www.rottentomatoes.com/m/mission_impossible_ghost_protocol/

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Perry Draws Blank on Landmark Texas Anti-Sodomy Supreme Court Case (ABC News)

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Friday, December 30, 2011

A Separation

A Separation isn?t worth watching only as a precise sociological analysis or a political critique of contemporary Iran?those qualities would be cold comfort indeed if they didn?t exist in the context of a sad, funny, suspenseful story about love, grief, and the search for justice. The ensemble cast?especially Maadi as the harried, short-tempered, ethically conflicted Nader?is extraordinary. As has become a tradition in Iranian cinema, the child characters are not just props but essential participants in the story, and both young actresses?Sarina Farhadi, the director?s daughter, as the wise-beyond-her-years Termeh and Kimia Hosseini as the caretaker?s observant, saucer-eyed little girl?deliver impeccable naturalistic performances.

Source: http://feeds.slate.com/click.phdo?i=01b0660ee5012f1d1faf6858a4cad58c

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All eyes on German renewable energy efforts (AP)

FELDHEIM, Germany ? This tiny village of 37 gray homes and farm buildings clustered along the main road in a wind-swept corner of rural eastern Germany seems an unlikely place for a revolution.

Yet environmentalists, experts and politicians from El Salvador to Japan to South Africa have flocked here in the past year to learn how Feldheim, a village of just 145 people, is already putting into practice Germany's vision of a future powered entirely by renewable energy.

Chancellor Angela Merkel's government passed legislation in June setting the country on course to generate a third of its power through renewable sources ? such as wind, solar, geothermal and bioenergy ? within a decade, reaching 80 percent by 2050, while creating jobs, increasing energy security and reducing harmful emissions.

The goals are among the world's most ambitious, and expensive, and other industrialized nations from the U.S. to Japan are watching to see whether transforming into a nation powered by renewable energy sources can really work.

"Germany can't afford to fail, because the whole world is looking at the German model and asking, can Germany move us to new business models, new infrastructure?," said Jeremy Rifkin, a U.S. economist who has advised the European Union and Merkel.

In June, the nation passed the 20 percent mark for drawing electric power from a mix of wind, solar and other renewables. That compares with about 9 percent in the United States or Japan ? both of which rely heavily on hydroelectric power, an energy source that has long been used.

Expanding renewables depends on the right mix of resources, as well as government subsidies and investment incentive ? and a willingness by taxpayers to shoulder their share of the burden. Germans currently pay a 3.5 euro cent per kilowatt-hour tax, roughly euro157 ($205) per year for a typical family of four, to support research and investment in and subsidize the production and consumption of energy from renewable sources.

That allows for homeowners who install solar panels on their rooftops, or communities like Feldheim that build their own biogas plants, to be paid above-market prices for selling back to the grid, to ensure that their investment at least breaks even.

Critics, like the Institute for Energy Research, based in Washington, D.C., maintain such tariffs put an unfair burden of expanding renewables squarely on the taxpayer. At the same time, to make renewable energy work on the larger scale, Germany will have to pour billions into infrastructure, including updating its grid.

Key to success of the transformation will be getting the nation's powerful industries on board, to drive innovation in technology and create jobs. According to the Environment Ministry, overall investment in renewable energy production equipment more than doubled to euro29.4 billion ($38.44 billion) in 2011. Solid growth in the sector is projected through the next decade.

Some 370,000 people in Germany now have jobs in the renewable sector, more than double the number in 2004, a point used as proof that tax payers' investment is paying off.

Feldheim has zero unemployment ? despite its tiny size ? compared with roughly 30 percent in other villages in the economically depressed state of Brandenburg, which views investments in renewables as a ticket for a brighter future. Most residents work in the plant that produces biogas ? fuel made by the breakdown of organic material such as plants or food waste ? or maintain the wind and solar parks that provide the village's electricity.

"The energy revolution is already taking place right here," says Werner Frohwitter, spokesman for the Energiequelle company that helped set up and run Feldheim's energy concept.

But it's not only in the country. Earlier this month in Berlin, officials unveiled a prototype of a self-sustaining, energy-efficient home, built from recycled materials and complete with electric vehicles that can be charged in its garage.

The aim of the prototype home is to produce twice as much energy as is used by a family of four ? chosen from a willing pool of volunteers who will be selected to live in the home for 15 months ? through a combination of solar photovoltaics and energy management technology, in order to show the technology already exists to allow people to be energy self-sufficient.

"We want to show people that already today it is possible to live completely from renewable energy," said German Transport Minister Peter Ramsauer as the project, dubbed "Efficiency House Plus," was unveiled. The house is part of a wider euro1.2 million ($1.57 million) project investing in energy-efficient buildings.

"The Efficiency House Plus will set standards that can be adopted by the majority in the short term," Ramsauer told The Associated Press. "The basic principle is that the house produces more energy than needed to live. The extra energy is then used to charge electric-powered cars and bicycles or sold back to the public grid."

Germany's four leading car makers are also participating in the project with BMW AG, Daimler AG, Volkswagen AG and Opel, which is part of Buick's parent company, General Motors Co., each making an E-car for use by in the home.

Such strong cooperation between Germany's industrial sector coupled with a political landscape that emphasizes stability and a heightened public ecological sensibility makes Germany fertile ground to lead the way in the transformation from a post-carbon economy to one run on renewable energy.

"Germany has the most robust industrial economy per capita. When you talk about industrial revolution, that's Germany. It's German technology, it's German IT, it's German commutation," said Rifkin, who outlines what he calls the "The Third Industrial Revolution," in a newly released book of the same title that explains how the economies in the future could swap fossil fuels for renewable energies and still maintain growth.

Robert Pottmann, an asset manager with Munich Re, one of the world's biggest reinsurers, says the company seeks to invest about euro2.5 billion ($3.27 billion) in the next few years in renewable energy assets such as "wind farms, solar projects or maybe new electricity grids."

Alan Simpson, an independent energy and climate adviser from Britain who visited Feldheim as part of a wider tour of Germany last month to see what the renewable revolution looks like up close said it was inspiring to view what is being accomplished on the ground.

"It's great to think about Germany delivering on everything that we are being told in Great Britain is impossible," Simpson said.

Amid the excitement, there is also an awareness of the real need for the German experiment to succeed.

"If Germany can't pull this off," said Rifkin. "We don't have a plan B."

___

Associated Press writer Juergen Baetz contributed to this story from Berlin.

___

On the Internet:

Feldheim: http://www.neue-energien-forum-feldheim.de/

German Renewable Energy Agency: http://www.unendlich-viel-energie.de/en/homepage.html

Source: http://us.rd.yahoo.com/dailynews/rss/science/*http%3A//news.yahoo.com/s/ap/20111229/ap_on_bi_ge/eu_germany_making_renewables_work

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WATCH: Betty White Introduces 'Monday Night Football'

Is there anything this 89-year-old spitfire can't do? Last night, Betty White introduced Monday Night Football’s Atlanta Falcons-New Orleans Saints game with a commentary on why she loves football. Watch the intro here:

Source: http://www.ivillage.com/betty-white-introduces-monday-night-football/1-a-413890?dst=iv%3AiVillage%3Abetty-white-introduces-monday-night-football-413890

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Canada overlooks a major market in western Japan

Don Cayo was the 2011 winner of a fellowship for Canadian journalists that is offered by the Foreign Press Centre of Japan. He travelled to Japan last month as their guest.

OSAKA, Japan

It?s hard to imagine that savvy Canadians, regardless of whether they work in government or in private enterprise, would be content to ignore the huge economic potential of a big international player like, say, the whole of South Korea or two-thirds of India.

Yet that?s the size of the opportunity that is all but slipping through Canada?s fingers in the Kansai region of western Japan. In any compilation of who?s who among international suppliers and customers doing business in this intensely productive part of the world, we Canadians don?t even rate a mention at the bottom of the list.

Yet, although this region may have only 0.3 per cent of Canada?s land area, it has well over half as many people and half the gross domestic product.

Kansai also punches above its weight among the other regions of Japan. Although it contains only about one-twelfth of the land area of the country, it is home to nearly 20 per cent of its universities and 21 per cent of its research institutes. Its thousands of companies specialize in two high-growth areas ? environmental technology and medical advances ? and the region is similarly strong in its track record for collaboration between researchers and businesses, and for filing patent applications. It?s also an active trader, more dependent for its prosperity on international suppliers and markets than on the substantial Japanese domestic market.

Canada is heavily engaged in trade with other regions of Japan. The country is B.C.?s second-largest trading partner, purchasing almost 14 per cent of our total exports. Until it was recently knocked into third place by fast-growing China, Japan was also the second-largest trading partner for Canada as a whole.

Yet Canadians? collective response to all this activity seems to be a yawn.

Although Premier Christy Clark has promised to try to make good with an official visit in the spring, those who pay attention to these things saw it as a snub that she over-flew Japan to go straight to China and India last month on her first, and so far only, trade mission trip.

But even if she had decided to stop in Japan, she wouldn?t have been able to conveniently land here. Because, while almost a hundred flights a week link Kansai International Airport to the United States and several hundred more fly in and out of other parts of the developed world, the former scheduled flights to Vancouver and Toronto have been scrubbed.

As well, the consulate Canada used to maintain in Osaka was closed several years ago and, although it was recently replaced with a less prestigious trade office, this appears to be so low profile that only one of the many business leaders interviewed for this series of stories on Japan seemed to know it existed.

When the people who were helping with logistics on this assignment sought to arrange an interview with Osaka?s Canadian Chamber of Commerce, they drew a blank and concluded that it was inactive.

Kansai is a long way ? almost as far as you can get and still be in Japan ? from the Tohoku earthquake and tsunami area, so it suffered no physical damage at all. Nor did its economy take much of a hit, says Noriko Mimura, manager of the investment promotion division of Kankeiran, a federation of Kansai regional companies. Aside from a brief blip caused by disruptions of the supply chain from factories in the east that were damaged or washed away, production in this region barely faltered.

However, nor did Kansai get the economic boost it expected as a result of a shift of production from the devastated east to the untouched west, says Katushiro Miyamoto, a professor at the graduate school of economics at Kansai University.

Initially after the quake, quite a few businesses were gearing up to bolster their operations here, Miyamoto said, but the reality of power supply problems set in ?and people realized there is no point shifting production to Kansai region.?

The power issue stems not from nuclear plant damage, but from the reluctance of local governments, who?ve been spooked by the damage at Fukushima from the tsunami, to allow them to continue producing. The problem is particularly acute in Kansai, because the region is even more dependent on reactors than is the rest of Japan. Fully half the power here was nuclear-generated, compared to about 30 per cent nationwide, so the impact of legislated conservation measures was felt more keenly by industries here.

Canada is too late into the game to compete as a supplier of liquid natural gas to meet the short- or even medium-term demand in Kansai for a buffer to produce energy while the future of nuclear is being decided and other sources of supply are being developed. We have a lot of gas, but no way to get it to the Japanese market before 2015, when the nation?s first LNG terminal is expected to open in Kitimat.

dcayo@vancouversun.com

Blog: vancouversun.com/economy

? Copyright (c) The Vancouver Sun

Source: http://feeds.canada.com/~r/canwest/F56/~3/ypYIps_OOIg/story.html

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Thursday, December 29, 2011

U.S. adds surveillance drone on Mexico border (Reuters)

SIERRA VISTA, Ariz, Dec 27 ? U.S. authorities took possession of an additional high-tech surveillance drone on Tuesday to overfly the rugged Arizona borderlands to look for drug smugglers and illegal immigrants crossing from Mexico.

The Predator-B drone is based at the National Air Security Operations Center in Sierra Vista, a few miles north of the Mexico border in southeast Arizona, the U.S. Customs and Border Protection agency said.

The addition brings CBP's fleet of surveillance drones along the nearly 2,000-mile southwest border with Mexico to six. Four are based at the Arizona center, and two more overfly the border from Corpus Christi, Texas.

"The missions from these two centers will allow CBP to deploy its unmanned aircraft from the eastern tip of California across the common Mexican land borders of Arizona, New Mexico, and Texas," CBP said in a statement.

The unmanned aircraft are equipped with tools including powerful day and night vision cameras which enable operators to spot incursions by drug traffickers and illegal immigrants slipping over the border from Mexico.

The surveillance operations under the program have led to the seizure of around 46,600 pounds of illicit drugs and 7,500 arrests along the southwest border.

This past year, arrests of illegal immigrants crossing north over the southwest border dropped to 327,577, their lowest level since 1972 when President Richard Nixon was in the White House.

Factors in the stark decline have included tightened border and workplace enforcement, a slowed U.S. economy providing fewer jobs to undocumented workers, and increased drug cartel-related violence in Mexico making the journey north more hazardous, according to analysts.

The arrival of the Predator-B marks the second of two unmanned aircraft earmarked in supplemental budget provisions identified in August 2010.

Source: http://us.rd.yahoo.com/dailynews/rss/latam/*http%3A//news.yahoo.com/s/nm/20111227/us_nm/us_usa_mexico_drone

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98% Le Havre

All Critics (54) | Top Critics (23) | Fresh (53) | Rotten (1)

'Tis the season, so the saying goes. And when it comes to Aki Kaurism?ki, it holds true. The Finnish writer-director arrives bearing a gift wrapped in a contemporary immigration fable.

If the bummers and ambiguity of some of this season's movies are getting you down - or, hey, just the bummers and ambiguities of life - make your way to Le Havre. You won't be sorry.

The Finnish director's sense of humor is dry and dark as pitch, as he consistently finds moments of absurdity in the midst of strife and tragedy.

Kaurism?ki wrote the script, I think, with secret credit from Mother Goose and some fabric softener.

"Le Havre" is a small bit of movie magic, a story that plays more as a fable even as it deals with something as topical as immigration.

The film is especially comforting if you love old movies, as Kaurismaki does.

While the film never reaches any hugely profound revelations with its parable-styled stories of compassion and community, and occasionally feels a little slight, it's also enormously enjoyable and gorgeous to watch.

It's a puzzle, and an intriguing one.

In two stories of evolving trust and secrets, Le Havre reflects the essential simplicity of the moral choices made in its simple-seeming camera set-ups.

Kaurismaki's movie about a shoeshine man and an illegal immigrant is nothing less than a joy

A wonderfully concise, unfussy movie; it is "easy" by the director's standards, which is to say that it doesn't leave any significant ellipses in the narrative up until the aggressively darling ending.

...an upbeat little tome that leaves a good feeling to the spirit.

Kaurism?ki can almost restore your hope in humanity.

Kaurismaki dives into French film culture in 'Le Havre'

You almost become a citizen of Le Havre, watching this film and rejoicing at the end as two newfound, unexpected friends share a drink.

It's a straightforward yet completely artificial scenario, with welcome overtones of Italian Neo-Realism.

Unlike the director's typical hero, Wilms's spare performance conveys confidence rather than defeat. He and the kid warm the heart, thawing Kaurism?ki's usual icy aplomb.

Heart-wrenching but ultimately inspirational.

Le Havre is not the filmmaker's best work (see La Vie de Boh?me for that), but no matter the storm, we should be grateful to dock in this port.

More Critic Reviews

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Source: http://www.rottentomatoes.com/m/le_havre_2011/

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Sprint Still Worth $4.25 Despite iPhone Deal, Debt Concerns

Sprint?s (NYSE:S) stock has been under a lot of pressure recently after the company announced plans to sell the hugely-subsidized iPhone as well as continuing to spend on building out new 4G LTE infrastructure. The substantial costs associated with these moves forced the company to pile onto its already high debt load with a $4 billion notes offering, the interest rates on which were higher than usual. Sprint also owns over 50% of its 4G network provider, Clearwire, which has been facing a severe cash crunch. Sprint had to use some of its cash on hand to participate in Clearwire?s stock offering in order to provide the struggling carrier with a temporary respite from its liquidity issues. Sprint is hardly in a position to be providing bailouts given its own financial straits and its distant third-place market position behind behind Verizon (NYSE:VZ) and AT&T (NYSE:T).

With the company?s recent troubles attracting heavy attention, the stock has taken a beating. However, we believe the sell-off has been overdone and the company?s strategy holds long-term promise.?We have a?$4.25 price estimate for Sprint?s stock, which is almost 80% higher than the market price.

See our full analysis of Sprint?s stock here

The iPhone Deal

Sprint has been steadily?losing postpaid customers, who are on long-term contracts with higher average monthly bills and are therefore more valuable than prepaid subscribers. Last quarter, the company lost almost 44,000 postpaid subscribers. Sprint struck a deal with Apple to sell the iPhone mainly in a bid to reduce this churn and also drive higher ARPU levels in the long term, as iPhone users are generally known to be heavy data users.

However, owing to its popularity, the iPhone comes with huge subsidies that carriers offer their subscribers in return for long-term contracts. Sprint will therefore have to suffer a?near-term hit to its margins, as it loses money on each iPhone sold. We believe that the market is hugely discounting this near-term margin hit while not taking into account the long-term positive impact on ARPU levels.

Although Sprint?s iPhone sales are not out yet, the overwhelmingly positive response that the iPhone 4S has garnered since its debut as well as the historical data usage of iPhone users leads us to believe the company?s?faith in the iPhone will serve it well in the long run.

Phasing Out Unsuccessful Networks

Sprint?s current postpaid subscriber losses can also be attributed to its failed bet on the push-to-talk iDEN network that it acquired when it bought Nextel, as well as its expensive bet on Clearwire?s 4G WiMAX network. Verizon and AT&T?s 4G LTE networks offer higher speeds to customers than Clearwire?s WiMAX, while Sprint?s 3G coverage has also been the subject of user complaints. These factors have been contributing to the defection of Sprint?s customers to rival networks. As part of its Network Vision project, Sprint is trying to phase out iDen gradually and consolidate its network holdings into one 2G/3G network using a combination of CDMA and EV-DO. This would not only reduce operating expenses substantially, but also allow for better 3G coverage and reduce roaming costs as the spectrum previously used for iDEN would now be available for the CDMA network. The company also plans to roll out 4G LTE, which would likely eventually replace WiMAX, in order to compete with rivals? 4G networks. We expect this long-term strategy will help stem postpaid market share losses and also improve margins.

Near-Term Capex Spike Should Help Margins

Sprint?s network costs will increase rapidly as it rolls out its own 4G LTE network by mid-2012 and funds Clearwire?s LTE plans.?The company will also be spending significant capital on the Network Vision project. These rising costs led the company to issue capital expenditure guidance of approximately $3 billion for 2011, a jump of more than 30% over last year. The company also increased its capex estimates related to the LTE rollout and Network Vision to about $10 billion in 2012 and 2013.?((Sprint Nextel Reports Third Quarter 2011 Results, Sprint Press Release, Oct 2011))

After 2013, we estimate a sharp decline in capital expenditures as the company completes its LTE build-out and gradually phases out the iDen network. Sprint?s stock is, however, highly sensitive to its capital expenditures. You can see how the stock price plummets when you tweak the trend-line to increase capital expenditures over the forecast period in the chart below. We think the current market price reflects this sensitivity, as the market likely doesn?t have confidence in management?s guidance.

High Debt Could Derail the Stock

Sprint already had a highly leveraged balance sheet prior to the notes offering, and piling on additional debt makes the balance sheet even less attractive and reduces the company?s operational flexibility. The elevated interest expense will certainly cut into the company?s cash flows, but we expect that the long-term margin improvement will justify management?s decision.

While we believe the market?s response has been somewhat exaggerated, it?s not entirely unwarranted. Liquidity concerns arising from excessive debt on its balance sheet will continue to be a major deterrent to its business, and should this strategy not pay off, Sprint could be in dire straits. (see?Sprint Plunges on LTE Expansion Costs, May Tap Capital Markets) On the other hand, if the company is able to grow its postpaid user base by selling the iPhone and execute its Network Vision plan successfully, its long-term prospects look very promising.

Understand How a Company?s Products Impact its Stock Price at Trefis

Source: http://www.trefis.com/stock/s/articles/94502/sprint-still-worth-4-25-despite-iphone-deal-debt-concerns/2011-12-28

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Wednesday, December 28, 2011

JXD releases S7100 Android-based gaming tablet, manages to steal from everyone

If you're going to steal, steal from the best. JXD has just released its S7100, a fairly conspicuous 7-inch Android-powered gaming tablet marketed towards playing old-school arcade games. The device features a D-pad, face buttons, an 800 x 480 capacitive touchsceen, ARM Cortex A9 CPU, Mail 400 GPU, 512MB of RAM, 16GB of internal storage, 0.3 megapixel front camera, 2.0 megapixel rear camera and HDMI-out. A video trailer shows the unit playing a variety of touchscreen games and classic ROMs including Metal Slug, Mario Kart 64, Angry Birds, Plants Vs. Zombies and Fruit Ninja HD. Not to be undone, the device also features the actual PlayStation button icons on its own buttons (sound familiar?), while the marketing website for the device sports icons from Apple, Google, Microsoft and others. If you're thus far undeterred, there's a must-watch promotional vid hosted just after the break -- nothing justifies a $140 price tag like Bieber, right?

Continue reading JXD releases S7100 Android-based gaming tablet, manages to steal from everyone

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Source: http://www.engadget.com/2011/12/27/jxd-releases-s7100-android-based-gaming-tablet-manages-to-steal/

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Amazon plans to set up local logistics backend in India

LBR Staff Writer Published 26 December 2011

Seattle (Washington)-headquartered Online retailer Amazon has prepared the process for creating a local logistics backend in India, marking its precursor to launch full-fledged operations to trade products in the country.

Amazon Asia-Pacific Resources, a Singapore-based arm of Amazon, is planning to setup a wholly owned subsidiary in Delhi-NCR to enable courier services for delivery of goods within the India.

The company is planning an initial investment of about $3m for hiring around 300 people for the independent Indian venture following the proposal filed with the Indian authorities for approval.

techcircle.in has reported that the plan to set up a courier firm follows the company's plan to launch its marketplace under the domain name amazon.in via a separate, wholly owned arm for its e-commerce activities.

The company also operates various country specific e-commerce sites in Canada, China, France, Germany, Italy, Japan, Spain and the UK.

The company already operates a development centre for refining and redefining how Amazon creates and manages product information for all its retail sites in India.

Source: http://www.logistics-business-review.com/news/amazon-plans-to-set-up-local-logistics-backend-in-india-261211

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Review of the year 2011: Telegraph photographers' pictures of the royal wedding

Review of the year 2011: Telegraph photographers' pictures of the royal wedding - Telegraph

Catherine waves upon arriving at Westminster Abbey.

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http://www.telegraph.co.uk/news/uknews/royal-wedding/royal-wedding-pictures/8968417/Review-of-the-year-2011-Telegraph-photographers-pictures-of-the-royal-wedding.html

Source: http://c.moreover.com/click/here.pl?r5666588077

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Nigerian blasts mar pope's Christmas peace appeal - Albany Times Union

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Team Canada Set To Reclaim Gold At The World Juniors

EDMONTON - It would be more comforting for Canada's fans if it was obvious who their starting goaltender is for the first game of the 2012 world junior hockey championship.

But it isn't obvious.

Since a 5-3 pre-tournament loss to Sweden on Friday, there's been a question mark hanging over the host country's goaltending situation. Canada opens the tournament Monday against Finland.

Head coach Don Hay said prior to the team's practice Sunday he'd made his choice, but he didn't reveal it to reporters.

Mark Visentin and Scott Wedgewood practised without knowing, although Hay planned to inform his goalies after a team meeting later which one would get the coveted start in the tournament opener.

"I feel good about which guy I'm going to pick," Hay declared. "I know right now who it's going to be and I'll let them know later."

Hay has maintained since selection camp earlier this month that Visentin is his No. 1 goalie because of Visentin's experience playing in the 2011 tournament in Buffalo, N.Y.

But after Visentin gave up four goals on 17 shots and Wedgewood stopped all 10 shots he faced before the Swedes scored an empty-net goal, questions arose over which goalie was the most ready for the tournament.

Hay did say he plans to play both goalies in the tournament. That's not unusual.

The backup often gets a game in the preliminary round against the weaker country promoted from the second-tier world championship, which would be Thursday's game against Denmark.

"Both goalies feel, at least I feel that way right now, is that both goalies feel there's confidence coming from me to them," Hay said. "No matter who we play, no matter what time of the game it is, or against whoever, I think the goalies should have a lot of confidence."

The U.S. meets Denmark in the later Pool A game in Edmonton. Latvia and Sweden open Pool B games in Calgary on Monday afternoon, followed by defending champion Russia versus Switzerland at night.

The top team in each pool earns byes to the semifinals. The second and third seeds cross over to meet in the quarter-finals.

Canada has won a medal in this tournament 13 straight years, including five gold from 2005 to 2009, and has played in the final every year for the last decade. Canada took silver the last two years.

Securing the bye to the semifinals provides rest and an extra day of preparation to the countries who earn them, but in recent tournaments, the bye hasn't been that much of an advantage.

Three of the last four winners have come through a quarter-final ? Canada in 2008, the U.S. in 2010 and Russia in 2011.

Canada opens against the Finns after beating them 3-1 in an exhibition game Dec. 19. Finland played hard in that game despite having just recently arrived in Canada.

"We were in that game," Finnish coach Raimo Helminen said. "I don't know if we can be better but I hope so (that) we can compete against the big favourite."

Helminen, too, was secretive on the subject of his starting goalie. Chris Gibson, who plays for the Quebec Major Junior Hockey League's Chicoutimi Sagueneens, was outstanding his two periods of the exhibition game against Canada.

Sam Aittokallio played the last period and the Colorado Avalanche prospect has the experience of playing one game in the tournament in Buffalo.

The Finns last won this tournament in 1998 and are looking for a bounce-back year after finishing sixth in Buffalo. They have six returning players, as well as a player who is considered the best one outside the NHL this season in Mikael Granlund.

The first-round pick (ninth overall) of the Minnesota Wild is a player Canada must pay attention to, says Hay.

"The Granlund line is a very talented line," Hay said. "They're very explosive and they're the key I feel to their team and we have to make sure we limit their offensive opportunities."

Canada went 2-1 in pre-tournament play. Visentin of the Niagara IceDogs made 22 saves in the exhibition games versus the Finns. The first-round pick of the Phoenix Coyotes is more conservative in his movements in net than the acrobatic Wedgewood.

Visentin was handed the starting job for the medal round in Buffalo and backstopped Canada to wins in the quarter-final and semifinal. Canada was leading 3-0 heading into the third period of the gold-medal game, but Russia scored five unanswered goals on Visentin to take the title.

He's never shirked from addressing his role in the collapse. The maturity and experience he gained through that experience is considered valuable to Canada's chances in this tournament.

"My mentality is the same as the team's," Visentin said Sunday. "We want to get better each and every day and once the tournament starts we need to bring our 'A' game every day so that's what I'm going to do."

Wedgwood, who plays for the Plymouth Whalers, stopped 24 of 25 shots in Canada's 7-1 victory over Switzerland on Thursday. The third-round pick of the New Jersey Devils was a standout in selection camp.

"The coaches are going to make a decision they feel comfortable with and as a goalie you've got to deal with it," Wedgewood said. "When you get your opportunity, take it."

The Canadian team spent Christmas Eve at the home of Edmonton Oilers president of hockey operations Kevin Lowe and then received Christmas gifts from Hockey Canada back at their hotel.

"The last week has been fun, we worked on a lot, I think we got a lot better and we became closer as a team, but the tournament is finally here and the atmosphere is going to be great," Canadian captain Jaden Schwartz said. "Finland is going to be a first tough contest for us so we're real excited."

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Source: http://www.huffingtonpost.ca/2011/12/25/world-junior-hockey-championships-2012-team-canada-visentin-wedgewood_n_1169590.html

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Britain's Prince Philip leaves hospital (AP)

LONDON ? Britain's Prince Philip returned to the royal family's country estate Tuesday, after a spell in the hospital undergoing treatment for a blocked coronary artery.

Philip, Queen Elizabeth II's 90-year-old husband, spent four nights in the hospital recovering from a successful coronary stent procedure. He was taken to Papworth, a specialist heart hospital in Cambridge, on Friday after complaining of chest pains.

It was the most serious health scare suffered by Philip, who is known to be active and robust. He has continued to appear at many engagements, most recently taking a 10-day tour of Australia with the queen.

For the first time in years he was forced to miss the royal family's traditional Christmas festivities, which include attending a morning church service, viewing the queen's annual Christmas broadcast together, and a shooting party on Boxing Day.

Philip did not speak to reporters as he was driven away from the hospital in a Range Rover Tuesday morning, though he smiled and waved to those gathered to film his departure.

"He is very much looking forward to rejoining his family," a Buckingham Palace statement said, adding that he also thanked the hospital staff for their care.

Philip will now return to Sandringham, the queen's huge private estate in rural Norfolk where the royal family retreats for the holiday season every year.

It is not yet clear if Philip's heart problem will cause a reduction in his plans to travel with the queen next year to celebrate her Diamond Jubilee. He is scheduled to make a series of trips to England, Scotland, Wales and Northern Ireland to help her mark her 60th year on the throne.

Dr. Allen Schwartz, chief of cardiology at New York-Presbyterian, Columbia University Medical Center, said that an otherwise healthy 90-year-old could be expected to resume normal activity shortly after having a stent procedure.

"The treatment now would be aimed at three things: recuperation from the procedure, which is usually relatively minor, eliminating factors that might lead to a recurrence of the problem, with an appropriate diet and exercise program, and, depending on the type of stent, some medicine to reduce the chance of clotting," Schwartz said.

Now that Philip has been found to have coronary artery blockages, he is likely to be treated with several medications that are routinely prescribed for heart patients.

In most cases these medicines would include a daily dosage of aspirin to thin the blood, a statin to lower cholesterol, and possibly a beta-blocker and a separate medicine to control blood pressure. Philip would also be expected to have his heart function tested every six months or so to check for any changes.

Philip had already announced when he turned 90 that he intended to slow down his extremely active schedule. The Diamond Jubilee plans reflected this desire, with the queen deciding to send her children and grandchildren on grueling overseas trips to Commonwealth countries while she and her husband make less demanding trips throughout the United Kingdom.

____

Associated Press writer Gregory Katz contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/britain/*http%3A//news.yahoo.com/s/ap/20111227/ap_on_re_eu/eu_britain_prince_philip

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Tuesday, December 27, 2011

Automotive Photography by Ilya Davidovich | designrfix.com

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    Create an abstract space fantasy photo manipulation inside Photoshop. This tutorial will show you how to combine several different images, blend them together using layer masks, and apply color...

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    Patters are one of the best option of Photoshop. You can give your designs a designer look specially to your backgrounds. We are always concentrate more on providing Photoshop resources and this post is yet another part of...

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    Bit more than a week ago a new CSS property Filter Effects was released almost immediately accepted by Google Chrome. Filter effect for now is only supported by Google Chrome Canary, and hopefully others will...

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    Bruno Alexander is a international fashion and beauty PHOTOGRAPHER is represented by MARLENE OHLSSON...

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    When I first entered Hotel Chocolat?s site, the first thing I was stroke by was the great diversity of package designs, each having its unique beauty. Furthermore, their Christmas package designs are absolutely gorgeous and I?m pleased that...

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  • Source: http://designrfix.com/news/automotive-photography-by-ilya-davidovich

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    Analysis: Russia's Putin risks losing touch amid protests (Reuters)

    MOSCOW (Reuters) ? Vladimir Putin is looking increasingly out of touch in Russia after the opposition brought tens of thousands of people out onto the streets of Moscow for the second time in two weeks to demand a parliamentary election be re-run.

    But the looming New Year holiday in Russia means there is likely to be a pause in the biggest opposition protests since he rose to power 12 years ago and he will hope they will now at least temporarily lose momentum.

    The protesters say they are tired of his domination of Russia after eight years as president and now four as prime minister, and suspect the December 4 election, won by his United Russia party, was rigged.

    First Putin dismissed the protesters as chattering monkeys financed from abroad, then he backed President Dmitry Medvedev's proposal for gradual political reform and later the 59-year-old leader had a former KGB spy appointed as Kremlin chief of staff.

    The gulf between Putin and many of his people has convinced many that he has lost his popular touch and is refusing to take the protests as seriously as many of his closest allies do as he prepares to reclaim the presidency in an election in March.

    "They do not understand," one person close to policy makers said of Putin and Medvedev. "One is weak and the other does not want to listen, though people have tried to explain the seriousness of the situation."

    That could bode badly for the long-term stability of the world's biggest country and energy producer.

    Opponents say Putin's inner circle is a small group of former KGB spies, businessmen and Kremlin officials who have little empathy with the Internet-savvy generation of younger, urban Russians who have come out onto the streets this month.

    But Putin's portrayal of the protesters as pawns financed by a foreign power has also contrasted with the conclusions drawn by some of the other men at his court.

    Kremlin deputy chief of staff Vladislav Surkov, who helped Putin craft his tightly controlled political system, warned on Friday that some enemies wanted to provoke a revolution but that the protesters were among the best people in society.

    PUTIN'S COURT

    "The best part of our society, or rather the most productive part, is demanding respect," Surkov, one of Putin's most powerful advisers on domestic policy, told Izvestia. "You cannot simply swipe away their opinions in an arrogant way."

    An even closer Putin ally, former Finance Minister Alexei Kudrin, joined Saturday's protest in Moscow, warning that Russia needed much more serious political reforms to ensure a stable development.

    "I came today because I do not believe the elections were fair and I believe we need to hold an investigation and punish those responsible up to and including criminal responsibility," Kudrin, 51, told Reuters at the protest.

    "There is a possibility today, without any sort of revolution, to make a transformation to ensure fair elections and real representation in parliament," said Kudrin, who helped Putin get his first job in the Kremlin in 1996.

    But Putin has other powerful advisers too.

    Nikolai Patrushev, the powerful head of the Russian security council and former head of the FSB state security service, said this month that Russia should impose "rational regulation" of the Internet.

    Another former KGB spy, Sergei Ivanov, was appointed Kremlin chief of staff on Thursday and Deputy Prime Minister Igor Sechin, a Putin ally, has voiced concern about the role played by the Internet in the Arab Spring revolts.

    Patrushev, 60, Ivanov, 58, and Sechin, 51, are all old friends of Putin and though they may be divided by tactics and court politics, they are ultimately hardliners.

    Medvedev, Russia's 46-year-old iPad-carrying president, may have more sense of the anger against Putin but he is weak, sources close to the situation said.

    "Medvedev understands this all a little better because he is a person less prone to conspiratorial theories," said a source with close ties to the leadership, adding that Russia's leaders were hoping the protests would burn themselves out.

    "Putin has realized his popularity is declining," the source said.

    PUTIN'S POPULARITY

    For Putin, who has used his popularity to justify his plan to run for the presidency in the March 4 presidential election, that may be a hard thing to accept.

    Putin still remains Russia's most popular politician and though his ratings are high by Western standards, they are low according to Putin's own expectations.

    Russia's biggest independent pollster, Levada-Center, said 63 percent of Russians approved of his activities as prime minister in a poll carried out on Dec 16-20.

    But that is just three percentage points above the lowest level since August 2000, when he was dogged by the botched reaction to a naval disaster that killed all 118 crewmen aboard the submarine Kursk.

    "They are worrying and they are nervous," said Mikhail Kasyanov, who served as prime minister under Putin for four years before joining the opposition. "And they really do have something to be worried and nervous about."

    CHATTERING MONKEYS?

    Putin seems intent on riding out the protests. While tens of thousands turned out for the second time on two weeks on Saturday, he is likely to take comfort from the fact that there was not a huge increase in the numbers.

    Tens of thousands protested in cities across Russia on December 10. On Saturday, organizers said they had gathered 120,000 in Moscow though the police put the number at 30,000.

    The truth may lie somewhere in between: Russia's Navaya Gazeta opposition newspaper said its reporters counted more than 102,000 while estimates from state news agency RIA put the crowd at about 56,000.

    Putin appears to reason that even though the protests are much larger than any he has faced before, it is still a relatively small percentage of the population that is protesting in a country of more than 140 million.

    He is counting on the support of the many millions in the provinces who regard him as the man who restored order to Russia after the chaos of the decade that followed the collapse of the Soviet Union in 1991.

    In a televised question and answer session with the Russian people, Putin used a reference to the chattering monkeys known as "Bandar Log" in Rudyard Kipling's Jungle Book to describe the protesters and said he thought the white ribbons which are the symbol of the election protests were condoms.

    But Alexei Navalny, the most prominent leader of the divided opposition groups which refuse to negotiate with the Kremlin, turned Putin's comments back against the authorities.

    "Hi all of you Bandar Logs and Internet hamsters: You were called Bandar Log but you came here today. But where is the chap who called us that?" Navalny, 35, told tens of thousands of people at the protest in Moscow's Sakharov Avenue.

    Navalny's satire may excite the crowds and the thousands who read his blogs but there is still no leader of the fragmented opposition. As if to illustrate that, dozens of different leaders addressed the crowd in Moscow.

    United or not, Navalny warned that there were enough people at the protest to take the Kremlin by force, though he quickly added that this was not the plan.

    "If the authorities continue to cheat the people and thieves and if those two swindlers continue the usurpation of power - they have stolen it from the people - then the people will come and take it back because it is theirs by rights," he told Reuters.

    So does he plan a revolution?

    "It is not a revolution," he said. "The revolution, the illegal takeover of power, was implemented by Putin and Medvedev. Here there will be a legal return of power to the people."

    (Editing by Jon Hemming)

    Source: http://us.rd.yahoo.com/dailynews/rss/russia/*http%3A//news.yahoo.com/s/nm/20111226/wl_nm/us_russia_putin

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    LG Fantasy Windows Phone Spotted with 4-inch IPS Display

    LG fully embraced Google?s Android mobile platform. This is also reflected in its entire 2011 lineup of smartphones, which are mostly based on Android and less on Microsoft?s Windows Phone operating system.

    ?

    Although the Korean handset maker only launched a few Windows Phone 7 devices last year, such as the LG Quantum and LG Optimus 7, it looks like the company is willing to give Microsoft?s mobile platform another try.

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    A certain ?LG Fantasy? has just been leaked along with two pictures and some of its specifications. Apparently, the Fantasy will be LG?s first Windows Phone 7.5 Mango smartphone and is expected to be announced in early 2012.

    ?

    There are no details regarding its exact launch date yet, but it won?t come as a surprise to see this one being showcased at CES or MWC trade fairs, next year.

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    The smartphone made its appearance in Romania and was bought by an XDA forum member from a Romanian tester and developer who was willing to part with it.

    ?

    According to him, the smartphone is very light and features an impressive 4-inch IPS capacitive touchscreen, which is very responsive and bright. There?s no reference whether or not the display is based on LG?s NOVA technology.

    ?

    The LG Fantasy scored 85.7 on WPBench, which is very close to HTC Radar?s results. This is a clear indication of the fact that LG Fantasy is a second generation Windows Phone smartphone, which is equipped with a 1GHz single core processor.

    ?

    The lucky person that managed to purchase the LG Fantasy also revealed that the device packs 8GB of internal memory. On the back, the phone sports a 5-megapixel camera, while on the front there?s a secondary 1.3-megapixel camera.

    ?

    Rumor has it that the LG Fantasy will be launched in Q1 2012, but no exact release date has emerged yet.


    Source: http://news.softpedia.com/news/LG-Fantasy-Windows-Phone-Spotted-with-4-inch-IPS-Display-242879.shtml

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    JEROME SIMPSON FLIP TD | Football | Sports GIFs

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    Monday, December 26, 2011