Sunday, March 31, 2013

Outgoing FSA chief to join Soros body - report

LONDON (Reuters) - The outgoing chairman of Britain's financial watchdog and one-time candidate to head the Bank of England (BoE) is expected to take up a post at a think tank founded by billionaire investor George Soros.

Britain's Sunday Telegraph newspaper reported that Adair Turner, who heads the soon to be dissolved Financial Services Authority, will join the Institute for New Economic Thinking in New York.

Dubbed by British media as "The Man Who Broke the Bank of England", Soros reportedly made $1 billion by betting on the devaluation of Britain's sterling currency in 1992, helping to send it crashing out of the European Exchange Rate mechanism.

Hungarian-born Soros set up the think tank to devise new economic theories in response to deficiencies in current thinking demonstrated by the recent global financial crisis.

Board members include Nobel prize-winning economists Joseph Stiglitz and Amartya Sen.

The Sunday Telegraph gave no details of the nature of Turner's role at the think tank. The appointment has not yet been announced and spokesmen for Soros and Turner were not immediately available for comment.

The Sunday Telegraph said the FSA had confirmed Turner's appointment and quoted an FSA source as saying Turner's aim at the think tank was to "think big thoughts" and write "more learned papers".

Turner's FSA will be scrapped from April 1 amid reforms to fix a supervisory system criticised for failing to spot the financial crisis coming, forcing Britain to bail out banks.

Two new bodies will replace it - the Financial Conduct Authority and the Prudential Regulation Authority.

(Reporting by Mohammed Abbas; editing by Anna Willard)

Source: http://news.yahoo.com/outgoing-fsa-chief-join-soros-body-report-110402701--finance.html

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Lisa Rinna On 'Real Housewives Of Beverly Hills': Season 4 Cast Rumors

Watch out Lisa Vanderpump, another Lisa -- Lisa Rinna -- could be heading to "Real Housewives of Beverly Hills."

According to RadarOnline, Rinna has been approached to join the Season 4 cast of Bravo's "Real Housewives of Beverly Hills." "Lisa already knows people at Bravo and they really like her. She?s funny but she?s got a great sense of humor so she can send zingers," a source told the gossip site.

In 2011, Rinna revealed she was close to joining the show's cast for Season 1. "We were in discussions originally," Rinna said. "I was up for it, and at the time I did my show instead of 'Beverly Hills.' It was part of the process, but then my show came along so I ended up doing our show." The show Rinna referred to was "Harry Loves Lisa" on TV Land.

In February 2013, Rinna and Bravo's Andy Cohen discussed the possibility of her joining the cast. "I don?t know what it would be like once you get in that rat?s nest of it all," she said.

"Real Housewives of Beverly Hills" is reportedly going to shake up its cast for the fourth season. Adrienne Maloof has already left the series and reports indicate Taylor Armstrong and Camille Grammer will also bid the series goodbye. Faye Resnick is also reportedly done with the series. RadarOnline previously reported Baroness Monica Von Neumann is also in talks to join the cast.

Bravo has yet to officially announce any new cast members.

  • Real Housewives of Beverly Hills

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    Taylor Armstrong, Kim Richards, Lisa Vanderpump, Adrienne Maloof, Brandi Glanville, Yolanda Hadid, Kyle Richards

  • Real Housewives of Beverly Hills

    Taylor Armstrong, Kim Richards, Lisa Vanderpump, Adrienne Maloof, Brandi Glanville, Yolanda Hadid, Kyle Richards

  • Real Housewives of Beverly Hills

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Source: http://www.huffingtonpost.com/2013/03/31/lisa-rinna-real-housewives-beverly-hills_n_2989449.html

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Clothing for sale... ? Greedy or Needy Forum

Quote:

Archambault said:Quote:

luvmydoxi said:I would definitely take a peek at the women's clothing, since those are my sizes.

i did not know you were that small.

Yes, I have the opposite problem of most: trying to GAIN weight and keep it on. I do often wear medium tops, because I am of medium build and don't like things super tight, but it depends. Sizes run so different, too, but I am generally about a size 5 now. I am 5'7" and I weight about 115 right now. I would like to weigh 125 to 130 pounds to feel and look more healthy.

Source: http://www.greedyorneedy.com/forum/topic/121166

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More trouble for Cohen's SAC Capital as Steinberg indicted in NY

By Nate Raymond and Matthew Goldstein

(Reuters) - U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager at Steven A. Cohen's hedge fund, with insider trading in two technology stocks, the most senior SAC Capital Advisors' employee to be indicted in the government's long-running probe.

FBI agents arrested Steinberg at his Park Avenue home in New York City at around 6 a.m. EDT (1000 GMT). Steinberg, wearing a blue sweater, pleaded "not guilty" to charges of securities fraud and conspiracy to commit securities when he appeared at a late morning arraignment.

The five-count indictment charges Steinberg, 40, with using inside information to trade shares of computer maker Dell Inc and chipmaker Nvidia Corp in 2008 and 2009 that generated about $1.4 million in illegal profits for Cohen's $15 billion hedge fund.

In a related civil complaint against Steinberg, the U.S. Securities and Exchange Commission said the information allowed Steinberg to generate $6.4 million in profits and avoided losses for the hedge fund.

Barry Berke, Steinberg's lawyer, said in a statement that his client had done "absolutely nothing wrong" and his "trading decisions were based on detailed analysis."

The charges come after a tumultuous six months for Cohen, one of the most successful hedge fund traders. It began with last November's arrest of former SAC portfolio manager Mathew Martoma in what prosecutors had described as the largest U.S. insider-trading case.

Martoma pleaded not guilty to charges of insider trading in Elan Corp and Wyeth that allegedly resulted in profits and avoided losses totaling $276 million.

SAC Capital agreed two weeks ago to pay a $616 million penalty to the SEC to settle allegations of improper trading by the firm arising out of the Martoma investigation and alleged improper trading in Dell and Nvidia. SAC neither admitted nor denied wrongdoing as part of that settlement.

But a federal judge on Thursday said he was reserving his decision on approving the deal.

Mounting concern over the insider trading probe prompted outside investors in SAC Capital to submit redemption notices last month to withdraw up to $1.68 billion from Cohen's firm. Several outside investors, including Blackstone Group, declined to comment on Steinberg's arrest.

Cohen, a multi-billionaire, has not been charged with any wrongdoing. A well-known art collector, he recently purchased Pablo Picasso's "Le Reve" from casino owner Stephen Wynn for $155 million and, according to The New York Times, bought a $60 million oceanfront home in East Hampton, N.Y.

$3 MILLION BOND

Steinberg is one of nine current or former employees of SAC Capital who have been charged or implicated with insider trading while working at Cohen's two-decade-old hedge fund.

His arrest had been widely expected after Jon Horvath, a former SAC analyst who reported to Steinberg, pleaded guilty last year to using illegally obtained information to trade in Dell. Horvath has been cooperating with the government and had implicated Steinberg.

Steinberg was suspended last autumn from his post at SAC Capital's Sigma Capital division and remains on paid leave.

SAC Capital spokesman Jonathan Gasthalter said: "Mike has conducted himself professionally and ethically during his long tenure at the firm. We believe him to be a man of integrity."

Prosecutors have introduced emails that they said indicated Steinberg had access to inside information about potential weakness in Dell's earnings, in advance of the personal computer maker's August 2008 results announcement.

Federal authorities contend the improper trading by Steinberg largely involved short positions and derivative trades. The trades involving shares of Dell occurred in August 2008, while the trading in Nvidia took place in May 2009.

The SEC complaint said some of the trading in Dell was done by a SAC portfolio called SAC Select. People familiar with SAC Select said it used computer-driven trading strategies to mimic the trades of some of SAC Capital's top portfolio managers.

The complaint against Steinberg made no reference to Cohen, unlike the criminal and civil cases filed by against Martoma, which was the first time authorities had alluded to him as the "owner" of the hedge fund.

Steinberg had been moving among several hotels in New York City in recent weeks, according to Reuters sources, as he wanted to avoid being arrested at his Upper East Side home where he lives with his wife and two children.

Following the arraignment before U.S. District Judge Richard Sullivan in lower Manhattan on Friday morning, Steinberg was released after agreeing to post $3 million in bond, which was secured by $1 million in property.

During the proceeding, a federal prosecutor said no search warrant was served on the hedge fund in connection with the charges against Steinberg.

In announcing the $616 million settlement with SAC Capital, lawyers with the SEC made clear the deal did not preclude further charges against individuals or from other trading at SAC Capital that is still be investigated. As part of that settlement, SAC Capital agreed to pay $14 million to settle charges of improper trading in Dell.

On Thursday, a federal district judge reviewing the part of the settlement involving trading in shares of Elan and Wyeth, now a part of Pfizer, said he was reserving decision for now.

The cases in U.S. District Court, Southern District of New York are: United States v. Steinberg, No. 12-cr-121, and Securities and Exchange Commission v. Steinberg, No. 13-2082.

(Additional reporting by Svea Herbst-Bayliss, Katya Wachtel and Sruthi Ramakrishnan; Editing by Tiffany Wu, Maureen Bavdek and Leslie Gevirtz)

Source: http://news.yahoo.com/former-sac-capital-portfolio-manager-steinberg-arrested-fbi-114324817--sector.html

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Saturday, March 30, 2013

Bank of Cyprus big savers to lose up to 60 percent

Personas hacen fila mientras un guardia de seguridad abre la puerta de una sucursal del banco Laiki en Nicosia, el viernes 29 de marzo de 2013. Los bancos abrieron normalmente por segundo d?a pero contin?an los l?mites a los retiros de dinero ante la crisis financiera. (AP Foto/Petros Giannakouris)

Personas hacen fila mientras un guardia de seguridad abre la puerta de una sucursal del banco Laiki en Nicosia, el viernes 29 de marzo de 2013. Los bancos abrieron normalmente por segundo d?a pero contin?an los l?mites a los retiros de dinero ante la crisis financiera. (AP Foto/Petros Giannakouris)

A hat with money belonging to a musician, is seen on the ground as he plays music at the main shopping street in central capital Nicosia, Cyprus, on Saturday, March 30, 2013. Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. (AP Photo/Petros Karadjias)

A sign at a branch of bank of Cyprus reading in Greek, "In light of the emergency restrictive measures, you can withdraw up to 300 euro either from the tellers or the ATM", as people are reflected on the glass in central capital Nicosia, Cyprus, on Surtaday, March 30, 2013. Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. (AP Photo/Petros Karadjias)

Seen through a bus stop bench, a woman passes an empty shop with a sign reading in Greek 'for rent' in central capital Nicosia, Cyprus, on Saturday, March 30, 2013. Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday. (AP Photo/Petros Karadjias)

NICOSIA, Cyprus (AP) ? Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue package to save the country from bankruptcy, officials said Saturday.

Deposits of more than 100,000 euros ($128,000) at the Bank of Cyprus will lose 37.5 percent in money that will be converted into bank shares, according to a central bank statement. In a second raid on these accounts, depositors also could lose up to 22.5 percent more, depending on what experts determine is needed to prop up the bank's reserves. The experts will have 90 days to figure that out.

The remaining 40 percent of big deposits at the Bank of Cyprus will be "temporarily frozen for liquidity reasons," but continue to accrue existing levels of interest plus another 10 percent, the central bank said.

The savings converted to bank shares would theoretically allow depositors to eventually recover their losses. But the shares now hold little value and it's uncertain when ? if ever ? the shares will regain a value equal to the depositors' losses.

Emergency laws passed last week empower Cypriot authorities to take these actions.

Analysts said Saturday that imposing bigger losses on Bank of Cyprus customers could further squeeze already crippled businesses as Cyprus tries to rebuild its banking sector in exchange for the international rescue package.

Sofronis Clerides, an economics professor at the University of Cyprus, said: "Most of the damage will be done to businesses which had their money in the bank" to pay suppliers and employees. "There's quite a difference between a 30 percent loss and a 60 percent loss." With businesses shrinking, Cyprus could be dragged down into an even deeper recession, he said.

Clerides accused some of the 17 European countries that use the euro of wanting to see the end of Cyprus as an international financial services center and to send the message that European taxpayers will no longer shoulder the burden of bailing out problem banks.

But German Finance Minister Wolfgang Schaeuble challenged that notion, insisting in an interview with the Bild daily published Saturday that "Cyprus is and remains a special, isolated case" and doesn't point the way for future European rescue programs.

Europe has demanded that big depositors in Cyprus' two largest banks ? Bank of Cyprus and Laiki Bank ? accept across-the-board losses in order to pay for the nation's 16 billion euro ($20.5 billion) bailout. All deposits of up to 100,000 are safe, meaning that a saver with 500,000 euros in the bank will only suffer losses on the remaining 400,000 euros.

Cypriot officials had previously said that large savers at Laiki ? which will be absorbed in to the Bank of Cyprus ? could lose as much as 80 percent. But they had said large accounts at the Bank of Cyprus would lose only 30 to 40 percent.

Asked about Saturday's announcement, University of Cyprus political scientist Antonis Ellinas predicted that unemployment, currently at 15 percent, will "probably go through the roof" over the next few years.

"It means that (people) ... have to accept a major haircut to their way of life and their standard of living. The social impact is yet to be realized, but they will be enormous in terms of social unrest and radical social phenomenon," Ellinas said.

There's also concern that large depositors ? including many wealthy Russians ? will take their money and run once capital restrictions that Cypriot authorities have imposed on bank transactions to prevent such a possibility are lifted in about a month.

Cyprus agreed on Monday to make bank depositors with accounts over 100,000 euros contribute to the financial rescue in order to secure 10 billion euros ($12.9 billion) in loans from the eurozone and the International Monetary Fund. Cyprus needed to scrounge up 5.8 billion euros ($7.4 billion) on its own in order to clinch the larger package, and banks had remained shut for nearly two weeks until politicians hammered out a deal, opening again on Thursday.

But fearing that savers would rush to pull their money out in mass once banks reopened, Cypriot authorities imposed a raft of restrictions, including daily withdrawal limits of 300 euros ($384) for individuals and 5,000 euros for businesses ? the first so-called capital controls that any country has applied in the eurozone's 14-year history.

The rush didn't materialize as Cypriots appeared to take the measures in stride, lining up patiently to do their business and defying dire predictions of scenes of pandemonium.

Under the terms of the bailout deal, the country' second largest bank, Laiki ? which sustained the most damaged from bad Greek debt and loans ? is to be split up, with its nonperforming loans and toxic assets going into a "bad bank." The healthy side will be absorbed into the Bank of Cyprus.

On Saturday, economist Stelios Platis called the rescue plan "completely mistaken" and criticized Cyprus' euro partners for insisting on foisting Laiki's troubles on the Bank of Cyprus.

____

AP business correspondent Geir Moulson in Berlin and APTN reporter Adam Pemble in Nicosia contributed.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-03-30-Cyprus-Financial%20Crisis/id-95c83c8ffd1d4f42b04a462f5d1d2fa8

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FBI UFO memo is bureau's most viewed public record

FBI UFO memo: The Federal Bureau of Investigation says that its Hottel memo, which reports on an alleged flying saucer sighting, has been viewed nearly a million times since 2011.

By Megan Gannon,?LiveScience.com / March 27, 2013

A single-page March 22, 1950, memo by Guy Hottel, special agent in charge of the Washington Field Office, regarding UFOs is the most viewed document in the FBI Vault, an online repository of public records.

FBI

Enlarge

The FBI says its most viewed public record is a memo from 1950 recounting a strange story someone told an agent about three "flying saucers" that were allegedly recovered in New Mexico.

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The so-called?Hottel memo?was first released in the late 1970s under the Freedom of Information Act, but it's been viewed nearly a million times since 2011, when the FBI launched an online database of public records called the Vault.

Dated March 22, 1950, the memo was addressed to FBI Director J. Edgar Hoover and written by Guy Hottel, then head of the Bureau's field office in Washington, D.C. Hottel was reporting what an Air Force investigator said that someone else told him about the crashed saucers.

The following details of the report have perhaps fueled the hopes of those who want to believe: "They [the saucers] were described as being circular in shape with raised centers, approximately 50 feet in diameter. Each one was occupied by three bodies of human shape but only three feet tall, dressed in metallic cloth of a very fine texture. Each body was bandaged in a manner similar to the blackout suits used by speed fliers and test pilots."

For the record, FBI officials said in a statement on Monday (March 25) that the Hottel memo "does not prove the?existence of UFOs; it is simply a second- or third-hand claim that we never investigated."

Bureau officials also say there is no reason to believe that the story has anything to do with the infamous?1947 Roswell crash?in New Mexico.?Hoover did actually order his agents?to verify any?UFO sightings?after the?Roswell incident and until?July 1950. That?the Hottel report was never investigated suggests "our Washington Field Office didn't think enough of that flying saucer story to look into it," the FBI statement says.

Follow Megan Gannon on?Twitter?and?Google+.?Follow us?@livescience,?Facebook?&?Google+.

Copyright 2013?LiveScience, a TechMediaNetwork company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://rss.csmonitor.com/~r/feeds/science/~3/ODxFGvGpbzQ/FBI-UFO-memo-is-bureau-s-most-viewed-public-record

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Friday, March 29, 2013

New York state passes third on-time budget in a row

By Martyn Herman LONDON, March 28 (Reuters) - Whether by design, necessity, self-interest or because of all three, nurturing youngsters has become fashionable for England's elite with no expense spared in the hunt for the new Wayne Rooney or Steven Gerrard. The length and breadth of the country, scouts from top clubs are hoovering up promising footballers barely old enough to tie their bootlaces in a bid to unearth the 30 million pounds ($45.40 million) treasures of the future. ...

Source: http://news.yahoo.com/york-state-passes-third-time-budget-row-141823285--business.html

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Analysis: NKorea threat may be more bark than bite

University students punch the air as they march through Kim Il Sung Square in downtown Pyongyang, North Korea, Friday, March 29, 2013. Tens of thousands of North Koreans turned out for the mass rally at the main square in Pyongyang in support of their leader Kim Jong Un's call to arms. Placards read: ?Let?s crush the puppet traitor group? and ?Let?s rip the puppet traitors to death!? (AP Photo/Jon Chol Jin)

University students punch the air as they march through Kim Il Sung Square in downtown Pyongyang, North Korea, Friday, March 29, 2013. Tens of thousands of North Koreans turned out for the mass rally at the main square in Pyongyang in support of their leader Kim Jong Un's call to arms. Placards read: ?Let?s crush the puppet traitor group? and ?Let?s rip the puppet traitors to death!? (AP Photo/Jon Chol Jin)

North Koreans punch the air during a rally at Kim Il Sung Square in downtown Pyongyang, North Korea, Friday, March 28, 2013. Tens of thousands of North Koreans turned out for the mass rally at the main square in Pyongyang in support of their leader Kim Jong Un's call to arms. The placard reads: "U.S. forces, get out!" (AP Photo/Jon Chol Jin)

North Korean army officers punch the air as they chant slogans during a rally at Kim Il Sung Square in downtown Pyongyang, North Korea, Friday, March 28, 2013. Thousands of North Koreans turned out for the mass rally at the main square in Pyongyang in support of their leader Kim Jong Un's call to arms. (AP Photo/Jon Chol Jin)

North Koreans gather during a rally at Kim Il Sung Square in downtown Pyongyang, North Korea, Friday, March 28, 2013. Tens of thousands of North Koreans turned out for the mass rally at the main square in Pyongyang in support of their leader Kim Jong Un's call to arms. (AP Photo/Jon Chol Jin)

SEOUL, South Korea (AP) ? Across North Korea, soldiers are gearing up for battle and shrouding their jeeps and vans with camouflage netting. Newly painted signboards and posters call for "death to the U.S. imperialists" and urge the people to fight with "arms, not words."

But even as North Korean leader Kim Jong Un is issuing midnight battle cries to his generals to ready their rockets, he and his million-man army know full well that a successful missile strike on U.S. targets would be suicide for the outnumbered, out-powered North Korean regime.

Despite the hastening drumbeat of warfare ? seemingly bringing the region to the very brink of conflict with threats and provocations ? Pyongyang aims to force Washington to the negotiating table, pressure the new president in Seoul to change policy on North Korea, and build unity inside the communist country without triggering a full-blown war.

North Korea wants to draw attention to the tenuousness of the armistice designed to maintain peace on the Korean Peninsula, a truce Pyongyang recently announced it would no longer honor as it warned that war could break out at any time.

In July, it will be 60 years since North Korea and China signed an armistice with the U.S. and the United Nations to bring an end to three years of fighting that cost millions of lives. The designated Demilitarized Zone has evolved into the most heavily guarded border in the world.

It was never intended to be a permanent border. But six decades later, North and South remain divided, with Pyongyang feeling abandoned by the South Koreans in the quest for reunification and threatened by the Americans.

In that time, South Korea has blossomed from a poor, agrarian nation of peasants into the world's 15th largest economy while North Korea is struggling to find a way out of a Cold War chasm that has left it with a per capita income on par with sub-Saharan Africa.

The Chinese troops who fought alongside the North Koreans have long since left. But 28,500 American troops are still stationed in South Korea and 50,000 more are in nearby Japan. For weeks, the U.S. and South Korea have been showing off their military might with a series of joint exercises that Pyongyang sees a rehearsal for invasion.

On Thursday, the U.S. military confirmed that those drills included two nuclear-capable B-2 stealth bombers that can unload the U.S. Air Force's largest conventional bomb ? a 30,000-pound super bunker buster ? powerful enough to destroy North Korea's web of underground military tunnels.

It was a flexing of military muscle by Washington, perhaps aimed not only at Pyongyang but at Beijing as well.

In Pyongyang, Kim Jong Un reacted swiftly, calling an emergency meeting of army generals and ordering them to be prepared to strike if the U.S. actions continue. A photo distributed by North Korea's official Korean Central News Agency showed Kim in a military operations room with maps detailing a "strike plan" behind him in a very public show of supposedly sensitive military strategy.

North Korea cites the U.S. military threat as a key reason behind its need to build nuclear weapons, and has poured a huge chunk of its small national budget into defense, science and technology. In December, scientists launched a satellite into space on the back of a long-range rocket using technology that could easily be converted for missiles; in February, they tested an underground nuclear device as part of a mission to build a bomb they can load on a missile capable of reaching the U.S.

However, what North Korea really wants is legitimacy in the eyes of the U.S. ? and a peace treaty. Pyongyang wants U.S. troops off Korean soil, and the bombs and rockets are more of an expensive, dangerous safety blanket than real firepower. They are the only real playing card North Korea has left, and the bait they hope will bring the Americans to the negotiating table.

White House spokesman Josh Earnest said North Korea's "bellicose rhetoric" would only deepen its international isolation, and that the U.S. has both the capability and willingness to defend its interests in the region.

Narushige Michishita, director of the Security and International Studies Program at Japan's National Graduate Institute for Policy Studies, isn't convinced North Korea is capable of attacking Guam, Hawaii or the U.S. mainland. He says Pyongyang hasn't successfully tested an intercontinental ballistic missile.

But its medium-range Rodong missiles, with a range of about 800 miles (1,300 kilometers), are "operational and credible" and could reach U.S. bases in Japan, he says.

More likely than such a strike, however, is a smaller-scale incident, perhaps off the Koreas' western coast, that would not provoke the Americans to unleash their considerable firepower. For years, the waters off the west coast have been a battleground for naval skirmishes between the two Koreas because the North has never recognized the maritime border drawn unilaterally by the U.N.

As threatening as Kim's call to arms may sound, its main target audience may be the masses at home in North Korea.

For months, the masterminds of North Korean propaganda have pinpointed this year's milestone Korean War anniversary as a prime time to play up Kim's military credibility as well as to push for a peace treaty. By creating the impression that a U.S. attack is imminent, the regime can foster a sense of national unity and encourage the people to rally around their new leader.

Inside Pyongyang, much of the military rhetoric feels like theatrics. It's not unusual to see people toting rifles in North Korea, where soldiers and checkpoints are a fixture in the heavily militarized society. But more often than not in downtown Pyongyang, the rifle stashed in a rucksack is a prop and the "soldier" is a dancer, one of the many performers rehearsing for a Korean War-themed extravaganza set to debut later this year.

More than 100,000 soldiers, students and ordinary workers were summoned Friday to Kim Il Sung Square in downtown Pyongyang to pump their fists in support of North Korea's commander in chief. But elsewhere, it was business as usual at restaurants and shops, and farms and factories, where the workers have heard it all before.

"Tensions rise almost every year around the time the U.S.-South Korean drills take place, but as soon as those drills end, things go back to normal and people put those tensions behind them quite quickly," said Sung Hyun-sang, the South Korean president of a clothing maker operating in the North Korean border town of Kaesong. "I think and hope that this time won't be different."

And in a telling sign that even the North Koreans don't expect war, the national airline, Air Koryo, is adding flights to its spring lineup and preparing to host the scores of tourists they expect to flock to Pyongyang despite the threats issuing forth from the Supreme Command.

War or no war, it seems Pyongyang remains open for business.

___

Lee is chief of AP's bureaus in Pyongyang, North Korea, and Seoul, South Korea. She can be followed on Twitter at twitter.com/newsjean. Eric Talmadge in Tokyo contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-03-29-NKorea's%20Battle%20Cries/id-a394226e4b2b403b82b76f8a776a81df

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Deliv Raises $1 Million To Crowd Source Same-Day Local Delivery For Big Brick And Mortar Retailers

deliv_bagOnline shopping is happening at the expense of big national retail chains, which are having a difficult time keeping up with online competition. A new startup called Deliv hopes to provide retailers with a new way to please tech-savvy shoppers, by offering same-day local delivery for the same price ? or less ? than having items shipped.

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

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Congress adds cyber-espionage review for government tech purchases, scrutinizes Chinese products from Lenovo, Huawei

US Congress adds cyberespionage review process for government tech purchases, will scrutinize Chinese products from Lenovo, Huawei

Huawei's having a tougher time getting its network tech into the US, but Congress is apparently looking to shore up its security with other Chinese manufacturers too and has added a new purchase review law for NASA, Justice and Commerce departments of the government. Reuters reports that these branches won't be able to buy any IT system equipment without a federal law enforcement official giving it the okay, after assessing "any risk associated with such system being produced, manufactured or assembled" in China. The new restriction is folded into a 240-page spending law document and Chinese foreign ministry spokesman Hong Lei has already requesting that the US to abandon the law. While it's difficult to spell out the repurcussions yet, it could affect more than just the telecoms infrastructure that ZTE and Huawei were selling, with the ever-expanding Lenovo likely to be buffeted by the same new regulations -- stripped down or not.

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Source: Reuters

Source: http://www.engadget.com/2013/03/28/us-congress-adds-cyber-espionage-review-process-china/

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Thursday, March 28, 2013

Mass. Senate candidates spar over health care, abortion (cbsnews)

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Actress Ashley Judd opts not to enter Kentucky Senate race

By Steve Holland

WASHINGTON (Reuters) - Actress Ashley Judd's next role will not be as a Democratic candidate for the U.S. Senate in Kentucky.

Judd said on Wednesday she has decided not to run in 2014 to try to unseat Republican Mitch McConnell, the Senate minority leader, after considering such a candidacy for months.

"After serious and thorough contemplation, I realize that my responsibilities & energy at this time need to be focused on my family," she wrote on Twitter.

Judd and her husband, three-time Indianapolis 500 winner Dario Franchitti, announced in January that they had decided to end their 11-year marriage.

Judd, 44, considers Kentucky her home state but actually lives in neighboring Tennessee. She would have had to move to Kentucky in order to qualify as a candidate.

McConnell's re-election team in Kentucky already produced a campaign video criticizing Judd that made light of the fact that she did not live in Kentucky.

"And it just clicked, Tennessee is home," Judd is quoted as saying in a speech in the video.

Judd has starred in a number of movies including "Double Jeopardy" and "Kiss the Girls." Her mother, Naomi Judd, and sister, Wynonna, made up the country singing duo, The Judds.

Democratic strategist Hilary Rosen told CNN that her political consulting firm had represented Judd in her deliberations and that it had became clear over the past 10 days that she would not run.

"The timing just wasn't right," Rosen said. "She has a lot of other things going on."

Nashville television station WSMV said Kentucky Secretary of State Alison Lundergan Grimes has expressed interest in running for the Democratic nomination to challenge McConnell, 71.

(Reporting by Steve Holland; Editing by Will Dunham)

Source: http://news.yahoo.com/actress-ashley-judd-opts-not-enter-kentucky-senate-221238147.html

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Flossmoor Residents Eligible for Home Improvement Rebate ...

Flossmoor residents looking to increase the comfort in their homes with energy efficient improvements could earn up to $1,750 in rebates, thanks to Energy Impact Illinois. The rebate would provide homeowners with improvements to drafty windows, installing insulation and other similar home improvements.

To assist in figuring out what homeowners can do to improve their home's efficiency, Energy Impact Illinois is offing to set customers up with a certified contractor to determine what improvements can be made. There is a customer co-pay of $99 for this service.

For more information about Energy Impact Illinois, homeowners can visit www.EnergyImpactIllinois.org or call (708) 408-7155.

Source: http://homewood-flossmoor.patch.com/articles/flossmoor-residents-eligible-for-home-improvement-rebate

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Are 3-D printers coming to American homes?

On the show

57 minutes ago

3-D printing is a quickly developing tool that allows young innovators to create products that are usually the exclusive province of high-cost manufacturers. Glenn Derene, senior technology editor at Popular Mechanics, demonstrates the basics of 3-D printing to Matt Lauer and explains the potential benefits of having one at home.


Source: http://feeds.nbcnews.com/c/35002/f/653377/s/2a1aa452/l/0L0Stoday0N0Ctech0Care0E30Ed0Eprinters0Ecoming0Eamerican0Ehomes0E1C9124676/story01.htm

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Wednesday, March 27, 2013

Gmail app updated with unknown features and no change log

Gmail

The Gmail for Android application has received a small update this evening. It probably does something faster, or better. Maybe there is a new feature or two. We have no idea, because they haven't posted any new features or changes. Google sucks at providing change logs.

We're letting you know in case it is something really cool -- though we're not seeing anything just yet, and we use Gmail a lot around these parts. And even if it is just some bug fixing, an update is an update. Grab it at the Google Play link to the left.

We'll come back and update once we know what the changes are.



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

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Rolly: Obama likes Compact, making it DOA with Utah County GOP

A public declaration of loyalty and devotion to the LDS Church received a resounding boo on Saturday.

In Utah County.

The melodrama-type raspberries from the Utah County Republican Central Committee came in response to one member?s plea for approval of a motion to incorporate the Utah Compact as the party?s position on illegal-immigration policy.

The church has endorsed the compact, which urges compassion as well as respect for undocumented workers and favors a policy that keeps families together.

But when member Val Hale, former athletic director of Brigham Young University, cited the church?s support for the compact as a reason for the political body to embrace it, he got booed.

Earlier, the county party?s public relations representative, Sherry Hall-Everett, sent a memo to members stating that by supporting the compact "you will be shoulder to shoulder with some of the finest people and organizations in Utah."

Apparently, that didn?t impress the members. They resoundingly voted the resolution down. It needed a two-thirds vote. It didn?t even get a majority.

Perhaps the argument from compact opponent Keri Witte carried more weight than the church?s endorsement. She pointed out in an email to members that President Barack Obama liked the compact.

That?s probably a stake in the heart for any resolution proposed in Utah County.

A competing resolution, which emphasized enforcement and opposed using taxpayer dollars for any benefits to illegal immigrants, passed the two-thirds requirement.

story continues below

?

Where?s Waldo ? When the City Creek Center celebrated its one-year anniversary Friday, many dignitaries were there to honor one of the most ambitious retail projects in the West and its success during the first year.

But there was one glaring absence. Salt Lake City Mayor Ralph Becker was not in attendance at the celebration of his city?s crown jewel and business and tourism magnet.

Becker wasn?t available to join Salt Lake County Mayor Ben McAdams, Gov. Gary Herbert and other dignitaries for the event.

But here?s what he would have said had he been there: "City Creek Center has redefined and enhanced our downtown area in ways too numerous to count. As we celebrate the first anniversary of this fantastic project, I look forward to both its continued success and a downtown area that is continuing to grow and evolve into a truly spectacular commercial, residential and cultural center ? not just for our community but of the entire region."

At least that?s what the City Creek Center press release said he said.

?

Actions and words ? Utah Sen. Mike Lee said during the Conservative Political Action Conference last week and again during his Saturday national radio address giving the weekly Republican point of view, that the government needs to present a responsible budget that doesn?t go beyond its means and that private citizens should watch out for each other rather than rely on the government to take care of them.

Speaking of personal responsibility, this is the same guy who took out a $1.2 million mortgage loan, including a second loan to fund a last-minute media blitz during his primary election campaign in 2010, only to sell short for $800,000 when he couldn?t make his payments, leaving the bank and its shareholders holding the bag for $400,000.

prolly@sltrib.com

Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.sltrib.com/sltrib/news/56046769-78/compact-utah-center-church.html.csp

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Tuesday, March 26, 2013

Leto reveals fan once sent him a severed ear

By Bruna Nessif, E! Online

Getty Images

Jared Leto at the SiriusXM Studios on March 19 in New York.

Talk about life imitating art (Van Gogh would be so proud). Among the numerous fan letters singer and actor Jared Leto receives on a daily basis, he admits that one stood out more than the rest, and considering the surprise he found inside, it makes sense.

The 30 Seconds to Mars frontman is no stranger to getting gifts from his admirers, and told XFM, "The fans are an incredibly committed and passionate group of people. Going to a show is kind of like visiting Japan; you expect gifts on your arrival. You get all kinds of wonderful things."

More from E!: One Direction's Louis Tomlinson is not happy about the Mirror's interview with his estranged father

Yes, all?kinds?of wonderful things ? like a human ear, for example.?

"Someone cut their ear off once and sent it to me," Leto told the radio station. "That was very strange. A whole ear. The Van Gogh move."

But that's not all. In an effort to up the creep factor, the package with the severed ear also contained a note.

"The note just said, 'Are you listening?' I never knew who it was, who's missing their ear out there."

So what does a celeb do with such a gift? "I poked a hole in it and wore it as a necklace," he joked. "Just don't put your entire body in a case and send it to us."

More From E!: Check out these musicians who turned into TV stars!

Yeah, that would be a little too heavy on the neck.

More in Entertainment:

?

Source: http://todayentertainment.today.com/_news/2013/03/25/17460291-jared-leto-reveals-fan-once-sent-him-a-severed-ear?lite

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APL backpack-sized mini-mapper captures intel in tight spots

APL backpack-sized mini-mapper captures intel in tight spots [ Back to EurekAlert! ] Public release date: 26-Mar-2013
[ | E-mail | Share Share ]

Contact: Gina Ellrich
Gina.Ellrich@jhuapl.edu
240-228-7796
Johns Hopkins University

Engineers at the Johns Hopkins University Applied Physics Laboratory have developed a portable mapping system -- carried in a backpack -- that can be used to automatically create annotated physical maps of locations where GPS is not available, such as in underground areas and on ships.

Produced for the Defense Threat Reduction Agency (DTRA), the Enhanced Mapping and Positioning System (EMAPS) captures a floor-plan-style map of the area traversed as well as 360-degree photos and sensor readings of that area using a combination of lasers and sensors.

The system improves upon algorithms once developed for robots -- which are not practical for all environments -- and has a built-in allowance for normal human movement, like walking.

Using light, detection, and ranging (LIDAR) sensors, EMAPS works while operators walk through an area carrying the unit in a backpack. Designed mainly to detect and map environmental threats on ships and in other tough-to-get-to locations, EMAPS' novel algorithms also associate critical environmental data, such as radiation or radio frequency signal levels, with map locations.

The basic EMAPS unit is an approximately 6-inch cube that weighs less than 4 pounds (smaller than a brick), and includes a 270-degree laser scanner that measures the distances to walls and features in the environment.

"EMAPS virtually takes pictures with every step," says Jason Stipes of APL's Force Projection Department. "Using this technology, we can map almost every nook and cranny of targeted locations, capture that intelligence and store it. Sensors can also detect threats, such as radiation or chemicals, and include them in our map."

A second laser scanner is available to allow 3-D data collection, while an inertial sensor measures the roll, pitch, and yaw of the system to compensate for steps taken by the user. In addition, a removable camera system can be used to capture omnidirectional images along the walker's path. A GPS receiver can be connected to EMAPS to allow for georegistration of the data, and an onboard computer stores and processes data in real time.

Stipes says EMAPS has collected more than 100 hours of mapping data from a wide array of GPS-denied environments, including ships, underground storage facilities, Army training areas, and buildings such as the Smithsonian Natural History Museum. The maps include paths that are several miles long, in environments ranging from office buildings to complex engine rooms of ships at sea.

"The EMAPS software addresses a number of challenges using specially developed algorithms," says Stipes. "Working with DTRA, APL engineers have created software to efficiently map data without boundaries while using a fixed amount of computer memory. And, while previous algorithms fail in open areas and long, smooth hallways, we have been able to design algorithms to map these challenging environments."

###

Note: Downloadable images available at http://www.jhuapl.edu/newscenter/stories/st130321.asp


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


APL backpack-sized mini-mapper captures intel in tight spots [ Back to EurekAlert! ] Public release date: 26-Mar-2013
[ | E-mail | Share Share ]

Contact: Gina Ellrich
Gina.Ellrich@jhuapl.edu
240-228-7796
Johns Hopkins University

Engineers at the Johns Hopkins University Applied Physics Laboratory have developed a portable mapping system -- carried in a backpack -- that can be used to automatically create annotated physical maps of locations where GPS is not available, such as in underground areas and on ships.

Produced for the Defense Threat Reduction Agency (DTRA), the Enhanced Mapping and Positioning System (EMAPS) captures a floor-plan-style map of the area traversed as well as 360-degree photos and sensor readings of that area using a combination of lasers and sensors.

The system improves upon algorithms once developed for robots -- which are not practical for all environments -- and has a built-in allowance for normal human movement, like walking.

Using light, detection, and ranging (LIDAR) sensors, EMAPS works while operators walk through an area carrying the unit in a backpack. Designed mainly to detect and map environmental threats on ships and in other tough-to-get-to locations, EMAPS' novel algorithms also associate critical environmental data, such as radiation or radio frequency signal levels, with map locations.

The basic EMAPS unit is an approximately 6-inch cube that weighs less than 4 pounds (smaller than a brick), and includes a 270-degree laser scanner that measures the distances to walls and features in the environment.

"EMAPS virtually takes pictures with every step," says Jason Stipes of APL's Force Projection Department. "Using this technology, we can map almost every nook and cranny of targeted locations, capture that intelligence and store it. Sensors can also detect threats, such as radiation or chemicals, and include them in our map."

A second laser scanner is available to allow 3-D data collection, while an inertial sensor measures the roll, pitch, and yaw of the system to compensate for steps taken by the user. In addition, a removable camera system can be used to capture omnidirectional images along the walker's path. A GPS receiver can be connected to EMAPS to allow for georegistration of the data, and an onboard computer stores and processes data in real time.

Stipes says EMAPS has collected more than 100 hours of mapping data from a wide array of GPS-denied environments, including ships, underground storage facilities, Army training areas, and buildings such as the Smithsonian Natural History Museum. The maps include paths that are several miles long, in environments ranging from office buildings to complex engine rooms of ships at sea.

"The EMAPS software addresses a number of challenges using specially developed algorithms," says Stipes. "Working with DTRA, APL engineers have created software to efficiently map data without boundaries while using a fixed amount of computer memory. And, while previous algorithms fail in open areas and long, smooth hallways, we have been able to design algorithms to map these challenging environments."

###

Note: Downloadable images available at http://www.jhuapl.edu/newscenter/stories/st130321.asp


[ Back to EurekAlert! ] [ | E-mail | Share Share ]

?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2013-03/jhu-abm032613.php

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Monday, March 25, 2013

'Sideline quasars' stifled early galaxy formation

Sorry, Readability was unable to parse this page for content.

Source: http://www.aninews.in/newsdetail14/story104434/'Sideline-quasars'-stifled-early-galaxy-formation.html

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The drones are coming ... but our laws aren't ready

When a fire broke out in a church in Mesa County, Colo., in September 2011, the police department was ready with its flight team. Strapping a thermal camera to a Draganflyer X6, they flew the drone above the burning building. Together, police and firemen identified hotspots in the structure, and traced the direction in which the fire was spreading.

In 2010, a 5-pound Marcus drone was loaned to forest rangers in West Virginia by University Cincinnati researchers, in order to monitor a controlled burn. Now the group is developing an unmanned system to help control wildfires.

Even the Global Hawk, used by the U.S. Army, has entered civilian life. NOAA and NASA have decked two out with all kinds of sensors to watch storms as they brew. The crafts can endure (comparatively) long missions, letting researchers study large-scale weather patterns, like how grains from a Sahara sandstorm can seed a new hurricane when they reach the ocean.

There's no doubt drones can do a world of good. They can get to places humans can't, and do many jobs quicker ? for a fraction of the cost. Benjamin Miller, who manages the Mesa County Sheriff?s Office drone program, estimates that drones can do "30 percent of the missions of manned aviation for 2 percent of the cost." The two Mesa County drones cost $25 for each hour they are used.

But state-level bills cropping up across the U.S. could ground virtuous drones used in rescue and research. Meanwhile, privacy advocates and legal experts disagree over how effective the proposed legislation really will be.

In Oregon, one proposed bill requires that anyone who operates a drone, whether it's a local police department or a hobbyist, get a license from the Oregon Department of Aviation first.

An Indiana state bill wouldn't let a news station survey traffic on a highway, or let law enforcement send out an unmanned search party for lost hikers, the American Civil Liberties Union's Allie Bohm explained to NBC News. And a Nebraska bill wouldn't allow law enforcement to gather evidence or information via drone except in the case of a terrorist threat.

Two bills on the governor's desk in Virginia propose drone restrictions, but exclude select cases, such as search and rescue. Same for a bill proposed in Massachusetts last December, which would require police to get a warrant before sending a drone to collect aerial photography or thermal data as part of a criminal investigation.

Privacy advocates told NBC News they support this type of drone law.

"With drones, we have arrived at a moment when it is technologically possible to engage in constant mass aerial surveillance," the ACLU's Jay Stanley told NBC News. But don't surveillance cameras do some of that already? "We don't like those either," Stanley added, "But I think that drones raise the stakes considerably from there."

There's currently a trade-off between how maneuverable a drone can be and how long it can stay in the air. You can't combine the endurance of the solar-panelled QinetiQ Zephyr ? which stayed aloft in the Nevada desert for two straight weeks, but whose view can be blocked by clouds ? with the steady gaze of the Pentagon?s 1.8-gigapixel drone camera. Not yet.

One drone that captured the attention of Wednesday's senate hearing was AeroVironment's Nano Hummingbird, which can fly sideways or vertically by flapping two tiny wings. It weighs less than a AA battery, but records video. Not especially well, mind you, but cameras are always improving.

Regardless of current limitations, drones great and small still give law enforcement more reach than it had before. Yet while new legislation will surely be required, existing law may address some concerns.

"I believe that existing frameworks will provide more protection than is generally appreciated," John Villasenor a policy expert with UCLA and the Brookings Institution, told NBC News via email. By that he means that, when drones start snooping, courts will uphold certain privacies thanks to the Fourth Amendment.

Others say that current laws may be insufficient, but targeting drones misses the point.

?Whether data's being collected by Google or from cellphones or bank cameras or traffic cameras, I don't think the medium is the essence," Michael Toscano, president of the Association for Unmanned Vehicle Systems International, which represents drone manufacturers, told NBC News. "The question is what's being done with it, who's using it, who's collecting it, where's it being stored, where is it being deleted."

Toscano's organization may wish to keep drones out of legislation, but legal experts agree with the premise.

"Privacy law is not keeping up with surveillance technology, and drones are helping us see that," Ryan Calo, assistant professor of law at the University of Washington told NBC News. "But it's not limited to drones," he said, citing street cameras and vans like the ones driven by Google's mapping team.

"I think the good reason to get the privacy laws right here is to avail ourselves of this kind of technology," Calo said. And there's no time like the present, as the FAA has been asked to fully integrate drones into U.S. airspace by 2015.

More on drone policies: Lawmakers voice concerns on drone privacy questions

Nidhi Subbaraman writes about technology and science. Follow her on Twitter and Google+.

Source: http://feeds.nbcnews.com/c/35002/f/653377/s/29ebf13e/l/0L0Snbcnews0N0Ctechnology0Ctechnolog0Cdrones0Eare0Ecoming0Eour0Elaws0Earent0Eready0E1C90A0A6243/story01.htm

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Sony Xperia ZL goes on pre-order for US customers, off-contract: $720 for HSPA, $760 for LTE

Sony Xperia ZL goes on preorder for US customers, carrierfree

Remember the Xperia ZL? While it lingered in the shadow of the waterproof Xperia Z back at CES, the phone does still exist and has now gone on preorder at Sony's own webstore. With the same 5-inch 1080p display, 13-megapixel camera and Snapdragon S4 Pro of the omnibalanced Z model, the Xperia ZL packs it into a smaller footprint and adds the courtesy of a physical camera button. Sony's NFC skills remain onboard and that lead camera is capable of HDR video capture, alongside recent improvements to the Xperia range's automatic shooting mode. While its own retail site is currently down (and there's no concrete date for when you'll get your hands on the phone), Sony says that it will be available from other online stores soon, pricing the Xperia ZL, contract- and carrier-less, at a hefty $720 on HSPA, or $760 for the 4G variant. That pricier option includes LTE Bands 2, 4 5, and 17, which means it should connect with AT&T's 4G network -- with or without any carrier branding.

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Source: Sony Store

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/96nq_k9HGgo/

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