Friday, July 19, 2013

Tech slump pulls stocks mostly lower after weak results from Google, Microsoft; S&P inches up

Tech slump pulls US stock market mostly lower


Associated Press - 19 July 2013 16:20-04:00


NEW YORK (AP) ? Technology stocks are slumping on Wall Street after weak results from Microsoft of Google, but the rest of the market is closing out a decent week.

The Standard & Poor's 500 managed a small gain, enough for the index to set another record high.

The S&P edged up two points, or 0.2 percent, to 1,692. It rose 0.7 percent for the week.

The Dow Jones industrial average slipped five points, 0.03 percent, to 15,543, held back by losses in Microsoft and IBM.

The Nasdaq fell 23 points, 0.7 percent, to 3,587. The Nasdaq was the only major index to lose ground for the week.

Microsoft plunged 11 percent after writing off $900 million on its tablet computer.

Slightly more stocks rose than fell on the New York Stock Exchange.

News Topics: Business, Stock prices, Stock indices and averages, Information technology, Stock markets, Leading economic indicators, Economy, Financial markets, Industries

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. This article is published under the terms of the News Licensing Group, LLC. privacy policy, in addition to the terms of use and privacy policy for this website.

Source: http://www.neurope.eu/news/wire/tech-slump-pulls-stocks-mostly-lower-after-weak-results-google-microsoft-sp-inches

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If You Want to Live in a Giant New Home, Might We Suggest ...

Over the last year, eleven new homes have risen on the 1800 block of Lombard Street, thankfully replacing a dreaded surface parking lot. This project is now in the home stretch, with just a few of the homes in the middle of the development still under construction. This is great, because it means that Lombard Street will soon be much less congested, right? Well?

Lombard Estates

If you live in the general area, you might want to prepare yourself for another year or two of construction-related congestion on Lombard Street. Because just as this large project is coming to a close, another big residential project is in the works a mere block away. Yes folks, more homes are coming to Lombard Street, this time on the 1900 block. These homes will come at the expense of another surface parking lot plus the unlikely-to-be-missed Cottages off Rittenhouse Square apartments.

The surface lot

One of the buildings that will be coming down, looking east

The developers for this project received non-opposition last month from CCRA?after making several revisions to the project after meeting with the community the month before. Next week, they?ll be going before the ZBA with a plan to build ten homes on this 188?x95? parcel. Like Lombard Estates, the homes will be quite large, with 3 of the homes having three parking spaces, 6 having two parking spaces, and 1 having only one spot (bummer). The parking will be accessible via an easement in the rear of the properties, which means that the homes won?t have garages. We?re guessing that the easement will be accessible via 19th Street to the east and Uber Street to the west, meaning that we wouldn?t see any curb cuts on Lombard Street. Good news there.

Lombard Street in this part of town has always felt rather underused, given its location, with a surprising number of surface parking lots and underwhelming buildings. Projects like this represent an improvement over the parking lots, no doubt, but we continue to be a little surprised at the sheer size of the new homes being built. Then again, we would imagine that Lombard Estates is having success in terms of sales, so why not keep going with the same idea on the next block?

We?ll keep an eye on this project, and will provide some updates once either groundbreaking takes place or we can get our hands on some renderings.

Source: http://nakedphilly.com/rittenhouse/if-you-want-to-live-in-a-giant-new-home-might-we-suggest-lombard-street/

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Student Loans 101: Why Uncle Sam is your banker (The Arizona Republic)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/320444683?client_source=feed&format=rss

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Monday, July 1, 2013

Mumfords to close Glastonbury after Stones triumph

LONDON (AP) ? Mumford & Sons are bringing the Glastonbury Festival to a close Sunday, with many music fans still on a high from the Rolling Stones' first-ever gig at Britain's leading music extravaganza.

The Mumfords' performance will be the Grammy-winning folk-rockers' first since bassist Ted Dwane had surgery for a blood clot on his brain earlier this month.

The banjo-wielding balladeers are sure to get a raucous reception. But Saturday belonged to the Rolling Stones, with festival founder Michael Eavis declaring the band's show "the high spot of 43 years of Glastonbury."

"It's the whole razzmatazz of the occasion ? the two of us finally getting together at long last," said Eavis.

The Stones, joined by ex-member Mick Taylor on guitar, played for more than two hours on the festival's main Pyramid Stage, giving fans a clutch of hits, from opener "Jumpin' Jack Flash" through to encores of "You Can't Always Get What You Want" and "(I Can't Get No) Satisfaction."

Organizers estimated 100,000 of the 135,000 festival ticket-holders watched the Stones, including celebrity music fans Prince Harry and Kate Moss.

The gig was a coup for the three-day festival, which has been trying to book the band for years, although there were grumbles from TV viewers because the band agreed to let the BBC air only an hour of its set.

If the music of the Stones, who formed in 1962, is familiar to the point of parody, many in the audience felt it retained plenty of power.

Reviewer Dorian Lynskey in The Observer newspaper noted that the band members "look like fabulous caricatures of themselves: Jagger a prancing dandy, Keith Richards a mummified pirate, Charlie Watts a dignified gentlemen's tailor somehow tricked into drumming." But he said the band's blues-soaked rock music and relaxed virtuosity remains "extraordinary."

The show was another landmark for Glastonbury, the most myth-encrusted of music festivals.

Founded in 1970 as a hippie happening on Eavis' Worthy Farm in southwest England, it long ago shed its counterculture cachet. But it remains known for its electric atmosphere, its eclectic lineup ? and the mud that overwhelms the site in rainy years.

This year, the sun shone after some early showers, and the lineup ranged from Vampire Weekend, Bobby Womack and Kenny Rogers to Dizzee Rascal, Primal Scream, Public Enemy and Elvis Costello.

Police said crime was down by a third from the last festival in 2011, with 220 reported crimes, including 61 drug offenses and 106 thefts from tents. Avon and Somerset Police said 154 people had been arrested as of Sunday afternoon, but there were no major incidents.

The Stones, meanwhile, are gathering no moss in their sixth decade as a band. They recently finished a string of North American dates on the "50 and Counting" tour and are due to play London's Hyde Park July 6 and 13.

___

Jill Lawless can be reached at http://Twitter.com/JillLawless

Source: http://news.yahoo.com/mumfords-close-glastonbury-stones-triumph-100741296.html

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Despite Design Focus, iOS 7 Doesn't Fix Apple's Horribly Off-Center 1

Despite Design Focus, iOS 7 Doesn't Fix Apple's Horribly Off-Center 1

I had high hopes for iOS 7. It's designed by Jony Ive, the God of Minimalism, Attention to Detail and Tight T-Shirts. I love his work almost as much as I love Phil Schiller (so huggable!) But Jony... you broke my heart, Jony. WHY DIDN'T YOU OPTICALLY CENTER THE 1 IN THE CALENDAR APP ICON?

OK, punks. It's that time of the year again. The time in which a new update to Apple iOS comes out and the calendar hits July 1. Yes, that time. The time I want to take a sledgehammer to my iPhone. The time I want to get a baseball bat, go to an Apple store, and start smashing every genius in their non-centered genitals as retribution for this act of typographic terrorism.

Did really think I was going to let this one slip away? COME ON! No, of course I couldn't let it pass.

Despite Design Focus, iOS 7 Doesn't Fix Apple's Horribly Off-Center 1

Not until Apple fixes it like they fixed off-center calendar days, which they corrected just a few months after I wrote a piece excoriating them for it.

But I digress. The problem with the Apple's centering of the number one goes back to the very beginning of the iPhone. For some reason, Apple decided to use the bounding box to center the digits in the Calendar.app's icon instead of carefully setting them to be optically centered. So what, you ask? You don't have to be a hawk-eyed genius to see the difference:

Despite Design Focus, iOS 7 Doesn't Fix Apple's Horribly Off-Center 1

The difference is obvious. Despite its bounding box being metrically centered in relation to the icon, the number 1 feels off-center. The example on the right shows the correct placement?the 1 feels optically centered, balanced in relation to the icon.

Does this matter? Not unless you are some detail-obsessed twunt like me.

Despite Design Focus, iOS 7 Doesn't Fix Apple's Horribly Off-Center 1

I had hoped that iOS 7 would fix this, but it didn't. And in fact the light typography makes the bad positioning even more obvious, like you can see in the image at the top of this article.

If you are reading this, whoever you are at Apple UI design's department, please, please fix this for the love of all that is sacred and good and made of deep fried rainbow bacon twinkies. I can't stand it anymore and I've run out of pills.

And just in case there's any doubt, this is...

THE RIGHT WAY TO DO IT

Despite Design Focus, iOS 7 Doesn't Fix Apple's Horribly Off-Center 1

Reader Backhome rendered it. The right way is the one on the right. Notice how the 1's stem is not centered in relation to the white area, neither is its bounding box. And yet, the number looks pleasantly centered in relation to the icon surface. The brain makes it work just like the one in the left looks like crap compared to the right one to anyone with eyes except the most rabid and brainless of all the Apple fanboys.

Source: http://gizmodo.com/despite-design-focus-ios-7-doesnt-fix-apples-horribl-637989614

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US official denounces Hezbollah's actions in Syria

BEIRUT (AP) ? A senior U.S. official denounced Hezbollah's involvement in the Syrian civil war Monday and accused the Shiite militant group of putting the interests of Iran and Syria above those of the Lebanese people.

Underscoring growing sectarian bitterness, mainly Sunni rebels vowed to "liberate" two Shiite villages they've had under siege in northern Syria if residents don't renounce President Bashar Assad's regime and force out his troops and Hezbollah fighters.

The comments by Deputy Secretary of State William Burns were the first by a high-ranking visiting U.S. official since Hezbollah helped propel Assad's troops to victory last month in the strategic town of Qusair near the Lebanese border.

Syrian troops have been building on the victory to move against rebel-held areas elsewhere in the central province of Homs and in the north. On Sunday, troops hammered rebel-held districts in Homs with artillery, tanks and warplanes, part of a government offensive launched Saturday morning.

Fighters from the powerful Iranian-backed group have joined Assad's forces in their battle to crush the rebellion, which is dominated by Sunnis.

"Despite its membership in the Lebanese government, Hezbollah has decided to put its own interests and those of its foreign backers above those of the Lebanese people," Burns told reporters as he wrapped up a two-day visit Monday to Lebanon.

"That intervention may be in Hezbollah's interests, it may be in the interest of Iran, it may be in the interest of Bashar Assad, but it is not in the interest of Lebanon or the Lebanese people," Burns said.

He added that the U.S. condemned "in the strongest terms" Hezbollah's actions in Syria and said they "place the future of Lebanon at risk."

The U.S. considers Hezbollah a terrorist organization.

The group's open participation in the war has helped fan sectarian hatred in Lebanon and across the region. Its fighters were instrumental in helping Assad's troops capture Qusair, and activists say Hezbollah members are fighting in several locations in Syria.

Hezbollah leaders and Assad, however, deny those reports. Assad said in a recent interview that Hezbollah's involvement was restricted to Qusair because of its proximity to Lebanon.

The group, however, is known to be fighting alongside troops in the predominantly Shiite villages of Nubul and Zahra in the northern province of Aleppo, besieged by rebels for a year.

On Monday, rebels fighting in Aleppo vowed to attack the two villages if their residents do not renounce the Assad regime.

In a YouTube video, a group of rebels who identified themselves as being from a joint brigade that fought in Qusair demanded that Assad loyalists in the town hand over Assad militiamen and Hezbollah fighters along with their weapons and release rebels they hold prisoner.

"After that, the siege will be lifted and food and medicine will enter, and normal life will return," one rebel says. "But if there is no answer, there will be a large military attack on the two villages. You have been warned."

The video, confirmed by an activist in Aleppo, underscores the growing sectarian nature of the civil war, which has killed more than 100,000 people in two years, according to activists.

The conflict reflects the struggle for influence between Shiite Iran, which supports Assad, and major Sunni power Saudi Arabia, backed by smaller Gulf Arab states, such as Qatar, and non-Arab Turkey, which support the rebels.

At home, Assad draws support largely from Syria's minorities, including fellow Alawites ? followers of an offshoot of Shiite Islam ? as well as Christians and Shiites. His other foreign backers include Russia and China.

Rising tensions between Sunnis and Shiites linked to the Syrian conflict has sparked deadly street fighting between the rival sects in Lebanese cities.

Last week, sectarian tensions drew Lebanon's weak army into the fray. Eighteen soldiers were killed in two days of fighting in the southern city of Sidon between the army and supporters of a hard-line Sunni sheik whose popularity has soared by tapping into the frustrations of many Lebanese who resent the influence that Shiites have gained in government via Hezbollah.

"At a time of regional tumult and domestic uncertainty, it is deeply in the self- interest of all Lebanese to exercise restraint and respect for Lebanon's stability and security," Burns said.

Burns said he conveyed to President Michel Suleiman "our condolences and deepest sympathies for members of the Lebanese Armed Forces and innocent civilians" killed and injured in Sidon.

Burns also criticized a Lebanese government decision to postpone scheduled parliament elections last month, saying it undermines the people's faith in their government and shakes the confidence of the international community in the country's institutions.

In other violence in Syria, the state-run news agency SANA said three people were killed and 18 injured in a suicide bombing near the cultural center in the town of Sabboura. Two suicide bombers detonated a pickup truck packed with about 1.5 tons of explosives in front of the cultural center, it said.

___

Associated Press writer Diaa Hadid contributed to this report.

Source: http://news.yahoo.com/us-official-denounces-hezbollahs-actions-syria-185359097.html

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Biden: GOP Senators Tell Me Their Fear of Cruz and Paul

30 Jun 2013, 3:12 AM PDT post a comment

When I asked several Republican senators after they voted against background checks, not one offered an explanation on the merits of why they couldn't vote for them. But almost to a person, they said, "I don't want to take on Ted Cruz. I don't want to take on Rand Paul. They'll be in my district."

Here?s the question: does anyone believe that GOP senators would go to confession with Joe Biden, or is it more likely that the two GOP senators the White House most fears are in their crosshairs and Biden has been told to launch bloodletting against them now?


Source: http://feedproxy.google.com/~r/BigGovernment/~3/BL3YOK4NRu4/story01.htm

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