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Source: http://video.msnbc.msn.com/cnbc/45890896/
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Friday, January 6, 2012
Tuesday, January 3, 2012
Man arrested in connection with LA arson spree
Los Angeles Fire Department firefighters extinguishes numerous cars on fire in a carport in the Sherman Oaks neighborhood of Los Angeles on Monday, Jan. 2, 2012. For the fifth night in a row, a spate of arson fires has sent firefighters scrambling to extinguish car fires in the Hollywood, Hollywood Hills, Studio City, and Sherman Oaks neighborhoods of Los Angeles. The Los Angeles Fire Department confirms a person of interest has been detained and is being questioned in connection with the arson spree. (AP Photo/Dan Steinberg)
Los Angeles Fire Department firefighters extinguishes numerous cars on fire in a carport in the Sherman Oaks neighborhood of Los Angeles on Monday, Jan. 2, 2012. For the fifth night in a row, a spate of arson fires has sent firefighters scrambling to extinguish car fires in the Hollywood, Hollywood Hills, Studio City, and Sherman Oaks neighborhoods of Los Angeles. The Los Angeles Fire Department confirms a person of interest has been detained and is being questioned in connection with the arson spree. (AP Photo/Dan Steinberg)
Los Angeles Fire Department firefighters extinguish a car on fire in a carport in the Sherman Oaks neighborhood of Los Angeles on Monday, Jan. 2, 2012. For the fifth night in a row, a spate of arson fires has sent firefighters scrambling to extinguish car fires in the Hollywood, Hollywood Hills, Studio City, and Sherman Oaks neighborhoods of Los Angeles. The Los Angeles Fire Department confirms a person of interest has been detained and is being questioned in connection with the arson spree. (AP Photo/Dan Steinberg)
A Los Angeles Fire Department firefighter extinguishes a car on fire in a parking lot in the Sherman Oaks neighborhood of Los Angeles on Monday, Jan. 2, 2012. For the fifth night in a row, a spate of arson fires has sent firefighters scrambling to extinguish car fires in the Hollywood, Hollywood Hills, Studio City, and Sherman Oaks neighborhoods of Los Angeles. The Los Angeles Fire Department confirms a person of interest has been detained and is being questioned in connection with the arson spree. (AP Photo/Dan Steinberg)
Los Angeles Fire Department firefighters don breathing apparatus before extinguishing a two cars burning in a carport in the Sherman Oaks neighborhood of Los Angeles on Monday, Jan. 2, 2012. For the fifth night in a row, a spate of arson fires has sent firefighters scrambling to extinguish car fires in the Hollywood, Hollywood Hills, Studio City, and Sherman Oaks neighborhoods of Los Angeles. The Los Angeles Fire Department confirms a person of interest has been detained and is being questioned in connection with the arson spree. (AP Photo/Dan Steinberg)
Los Angeles Fire Department firefighters extinguishes numerous cars on fire in a carport in the Sherman Oaks neighborhood of Los Angeles on Monday, Jan. 2, 2012. For the fifth night in a row, a spate of arson fires has sent firefighters scrambling to extinguish car fires in the Hollywood, Hollywood Hills, Studio City, and Sherman Oaks neighborhoods of Los Angeles. The Los Angeles Fire Department confirms a person of interest has been detained and is being questioned in connection with the arson spree. (AP Photo/Dan Steinberg)
LOS ANGELES (AP) ? Authorities arrested a man Monday in connection with dozens of suspected arson fires that destroyed parked cars, scorched buildings and rattled Los Angeles residents over the New Year's weekend.
Police declined to identify the man, but said he was to be booked later on arson charges arising from 53 fires that have flared since Friday in Hollywood, neighboring West Hollywood and the San Fernando Valley.
The suspect resembled a "person of interest" captured on videotape Saturday near a carport. He was stopped early Monday in a van that matched a description given by witnesses.
Firefighters have not been called to any other suspicious fires since the man was detained, Capt. Jamie Moore said.
The blazes caused an estimated $2 million in damage, but there were no serious civilian injuries. One firefighter was hurt, and another person suffered smoke inhalation, Moore said.
Authorities declined to provide other details, saying they did not want to jeopardize the case.
Hundreds of investigators, police officers and firefighters raced to deal with the rash of fires over the holiday weekend. Police were kept on overtime, and the noise of helicopters and sirens persisted virtually nonstop in Hollywood.
Investigators were still busy mapping out the sequence of the blazes, examining more than 100 clues and interviewing witnesses.
The fires left a trail of smoldering debris in Hollywood, West Hollywood, North Hollywood and the Fairfax district of Los Angeles.
Police urged residents to check their cars for any signs of tampering and to take simple precautions such as locking vehicles, keeping garage and carport lights on at night and reporting suspicious activity.
Despite the arrest, authorities continued to urge vigilance.
"We're not resting, and we're not stopping" the extra patrols, police Cmdr. Andrew Smith said. "If you have lights in your carport area, keep them on tonight."
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Monday, January 2, 2012
Tech Comes To The Real World
2011 saw many interesting developments in the virtualization of goods. The growth of app stores continued unabated, aided by huge sales of iOS devices and Android handsets, and media of all kinds continued the move to a totally non-physical state for the end user: Netflix, Spotify, and other services make the idea of storing your things, whether on your hard drive or in stacks by the TV, seem very... 2010. Widespread adoption of non-physical media is sparking new industries and setting fire to old ones. But we also are seeing increasing frustration with the limitation of our digital acts to affecting digital things, and vice versa. The cutting edge of technology seems to be confined to the borders of our screens. People don't freak out about the Nest or the Little Printer because they're really such revolutionary devices - they aren't. People are excited because these things portend the fulfillment of the promise technology has unwittingly made: that it will change the way we live, not just the way we consume.Source: http://feedproxy.google.com/~r/Techcrunch/~3/n7QSmWiDpr4/
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aminterest: NYT Squeezes Bad News From Good: A worthless desert in South Africa, largely inhabited by drought-stricken sheep... http://t.co/frO8XV8L
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NYT Squeezes Bad News From Good: A worthless desert in South Africa, largely inhabited by drought-stricken sheep... bit.ly/v52rIE 
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Sunday, January 1, 2012
Spain says deficit bigger than expected, hikes taxes (Reuters)
MADRID (Reuters) ? Spain's new government said on Friday that this year's budget deficit would be much larger than expected and announced a slew of surprise tax hikes and wage freezes that could drag the country back to the centre of the euro zone debt crisis.
In its first decrees since sweeping to victory in November, the centre-right government said the public deficit for 2011 would come in at 8 percent of gross domestic product, well above an official target of 6 percent.
It announced initial public spending cuts of 8.9 billion euros ($11.5 billion) and tax hikes aimed at bringing in an additional 6 billion euros a year to tackle the shortfall.
"This is just the beginning ... We're facing an extraordinary and unexpected situation, forcing us to take extraordinary and unexpected measures," Deputy Prime Minister Soraya Saenz de Santamaria said.
Spain has been under market scrutiny over its ability to control its public finances, and Madrid has seen risk premiums soar to record highs on contagion fears as the euro zone debt crisis spread.
Ten days ago the Treasury said the central government budget deficit was on course to meet a full-year target of 4.8 percent of GDP, which analysts said would push Spain's overall public deficit above its 6 percent target for the year.
But the scale of the overshoot took some economists by surprise and led them to forecast a deeper recession, ending the year on a downbeat note for the euro zone as a whole.
"This is a strong shock. I didn't expect this kind of deficit increase. How can we achieve the objective using personal income taxes and capital taxes? This means making the recession much worse," economist at Barcelona ESADE university Robert Tornabell.
While Italy's debt mountain has been the biggest concern in financial markets in recent months, Spain had been seen as faring somewhat better. Measures taken by the previous Socialist government, while costing it the election, have kept the markets from pushing Spanish yields to unsustainable levels.
But as recession looms across the euro zone, the new government faces a rocky few years. After Friday's initial round of tax hikes and spending cuts, it plans to unveil a final 2012 budget by the end of March.
The Socialists cut the budget shortfall from 11.2 percent of gross domestic product in 2009, and the conservatives must take up the baton and bring the deficit down to 4.4 percent in 2012 and 3 percent in 2013.
If the final 2011 deficit hits the 8 percent mark, as the conservatives say, the government will need to make total savings worth more than 35 billion euros in 2012 to meet the official target.
TAX THE RICH
Spain's economy, the fourth-largest in the euro zone, is likely to have shrunk as much as 0.3 percent in the fourth quarter, Economy Minister Luis de Guindos said this week, and many economists expect output to keep shrinking in early 2012.
The collapse of the property market after the 2007 global credit crunch and shrinking consumer confidence have hit the economic cornerstones of construction and services, leaving Spain struggling to grow since emerging from recession in 2010.
Now, the euro zone debt crisis and fear of economic slump across the bloc has hit Spanish export growth, the only element of the economy to promote growth through 2011.
The tax hikes announced by the conservatives on Friday, which they have always said would be counterproductive to a struggling economy, will be aimed at the country's wealthiest.
The government froze civil servants wages, but also pledged to help the country's poorest by raising pensions and holding electricity tariffs steady for small consumers.
Beyond deficit reduction, the new government said it would concentrate its first few measures on the broken labor market, which has left Spain with an unemployment rate more than double the European Union average, and the banking system.
Spain has rapidly lost competitiveness since the birth of the single currency bloc as wages have followed a higher-than-average inflation rate, a situation the conservatives have pledged to changed through labor reform.
Spanish wages have risen by 20.8 percent in 2003-2008 compared to just 9.7 percent in Germany according to data from the IESE business school.
The government is in talks with unions and employers' representatives to produce a reform plan in the first two weeks of January.
Meanwhile, the banking system has been badly hit by the burst property bubble and new Prime Minister Mariano Rajoy has said the banks must be forced to announce losses on the housing market in a new step in the ongoing restructuring plan.
But some economists say that while Spain must reform and cut costs, its future depends on decisions by euro zone leaders on creating a viable backstop for troubled regional economies.
"There is very little that the Rajoy government can do on its own to bring down Spain's borrowing costs significantly, not least as its fiscal policies are going to depress growth further. The real challenge in Spain is to get the economy moving," said Spiro Sovereign Strategy's Nicholas Spiro.
(Additional reporting, writing by Paul Day; Editing by Hugh Lawson)
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Video: Open-ended vacation policies a good idea?
>> and in need of a vacation. maryland-based company is offering a unique perk. unlimited vacation. wedding wire writes on the website, we want you to have a life so our vacation policy is simple. take what you need. can you believe that? joining us with more is the director of rule an resources, jenny harding. i was reading your website and thinking this has to be a typo unless you can say i can take six months off. it's natural that you would make that leap. a lot of people have. the policy is like any other vacation policy out there. you still have to make sure you get your job done and have to schedule the time with your supervisor. it works the same, you just don't have this bucket of time that you have to draw your time from.
>> what have you found? have your employees taken advantage of this policy or are they away more than they were before?
>> we have only started to institute it as of minute or tuesday when we get back to the office. 2012 will be the launch time. we slowly let ourselves get to this place. in 2011 at the beginning of the year, we granted the entire year's worth of vacation time to all of our employees at the beginning of the year.
>> where do you draw the line? when they sit down and say i would like to take off six months as i was saying earlier, how are you going to say no, you can't do that?
>> the crux of it is, the way our business works, we have highly collaborative teams of employees and the absence of a six-month period of time would prevent from you being able to get your job done. at the same time we don't want to be able to say you can't take three weeks off for the honeymoon in june and not have time off around the holidays to spend with your newlywed.
>> why did you start this? it sounds like something out of california from the dot-comes out there. did you think you might have more output?
>> there is that obviously. we want to have a happy employee and because they are more productive. we are competing for the talent in this area and we want to attract world class talent to the business. if this means somebody might relocate to the washington area to work for a bethesda-based company, we would love to be competitive. in that same market with the dot-comes.
>> they have the restaurants and all the valet services and the cars and the masseuses. they also may be looking at the study. we were looking into this. expedia put out a study that shows how much vacation folks are taking around the world. you can see our european breath ren get almost twice as much as we do, although we get less here, we don't take it all.
>> that's true.
>> that is something we found giving vacation at the beginning of the year, people ended up with big balances at the end of the year. not only --
>> why?
>> i think that for one, people work differently. at least in our company. if you are going to be going to the dentist through the day, you are not counting that against your vacation because you work later when you get back or make it up during the week. people weren't taking vacation time as much to do errands and to schedule with their spouses. we already had a flexible work schedule. the chunks of time that people weren't taking to be away, we were a smaller company and everybody has big responsibilities.
Source: http://video.msnbc.msn.com/newsnation/45827875/
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csdickey: RT @Nervana_1: #Iran-US brinkmanship over oil strait worsens. an increasingly bellicose exchange of words. .... http://t.co/3TqD8slQ #H ...
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#Iran-US brinkmanship over oil strait worsens. an increasingly bellicose exchange of words. .... yhoo.it/vrSEp5 #Hormuz 
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