Tuesday, July 30, 2013

Billy Horschel's flashy fashion sense mirrors his zest for life, golf

Billy Horschel loves that some of his fans and perhaps some of his foes might be wondering what he will wear next.

The 2009 University of Florida graduate showed up for the final round of the U.S. Open sporting navy pants with white octopuses on them and became an instant Internet sensation. The outfit seemed fitting for the 26-year-old from Jacksonville Beach, Fla., who has such a lust for life that he told Golf Digest he doesn't need to drink coffee in the morning to get going.

Horschel explained that the pants were a tribute to 1934 U.S. Open champion Olin Dutra, who won that championship at Merion wearing octopus socks. When the idea was raised by his sponsor, Ralph Lauren RLX, Horschel said he thought the pants were a new cut.

"They sent me a picture and I realized there's actual (octopuses) on them. They asked if I'd still wear them and I said, 'Sure, no problem,'?" Horschel said last month before the AT&T National at Congressional Country Club.

"I've caught a lot of grief from guys out here. All the fans have been unbelievably nice and love 'em. I got a lot of (Internet) hits and a lot of good stuff from it. Any press is good press, right?"

The pants drew critiques from bloggers who might not normally venture into golf. They were a hit with Marty Hackel, Golf Digest's fashion editor.

"There's no question that Billy Horschel not only has game, he's also willing to go bold with his clothes," Hackel wrote in his U.S. Open review on golfdigest.com. "I'm still getting emails about the octopi. Good for him! PS - I'm starting to hear a lot of people say he probably won't be wearing those pants on Sunday ever again, but when was the last time an octopus made a 4-foot putt?"

Making his first appearance this week at the $8.75 million World Golf Championships-Bridgestone Invitational, Horschel might not be wearing anything as flamboyant. For a practice round at Congressional, he was outfitted in plain navy slacks.

Ralph Lauren RLX scripts all his outfits for the majors and leaves the rest to him. Before the British Open, he tweeted sketches of his fashion lineup @BillyHo - Golf.

"Those are probably just a one-time gig," Horschel said of the octopuses. "But we do have a couple things in the works, some pants that might spice things up on Sundays."

When he's on his own and on the fence about his choice, Horschel said he relies on the input of his wife, Brittany.

"I've tried to get some stuff by her, and she won't go for it sometimes," Horschel said. "She was cool with octopus pants."

As for his golden rules, Horschel said, "You don't want to clash your colors. I'm always cautious of that."

His outside-the-box fashion sense seems to fit the intense, aggressive style of Horschel, who fought his emotions on the course after turning pro in 2009.

"I still beat myself up a lot," Horschel said at Congressional. "The less I can beat myself up, the better I play. It's still tough. I'm not a complacent guy. I don't want to say, 'I've got a win, let's go out there and free-wheel it' because then you start making mistakes and I start getting angry because I'm playing stupid.

"But there is a fine line between me being free and playing with ease and me being uptight and worrying and too much into what I'm trying to do. I've got to find that boundary a little bit and I've been pretty good at that so far this year."

He's got the results to prove it.

After finishing 147th on the money list in 2012, Horschel had to return to qualifying school to regain his card. This year he recorded his first career victory at the Zurich Classic of New Orleans. He has earned more than $3 million, ranks fifth on the FedExCup points list and has seven top-10 finishes in 20 events.

"I've always felt I was good enough to win out here. I just felt I had to check every box," Horschel said in New Orleans.

Source: http://www.miamiherald.com/2013/07/30/3530961/billy-horschels-flashy-fashion.html

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Monday Scouting Report, July 29, 2013 - Business Insider

"Risk events are set to pick up dramatically, threatening the summer lull," says Soci?t? G?n?rale head of rates and forex strategy Vincent Chaigneau.

First of all, it's jobs week in America. The July U.S. jobs report comes out on Friday, and the numbers will be considered carefully as the Federal Reserve decides the course of its currently ultra-easy monetary policy.

Furthermore, new U.S. housing data may begin to give us a sense of whether rising mortgage rates are affecting homebuyer behavior. Similar insights will be revealed through the July auto sales figures.

Speaking of monetary policy, three of the world's most important central banks will hold interest rate meetings this week.

All of this comes as every major economy around the world will publish its crucial manufacturing PMI reports. Is Europe still getting better? Is China still getting worse?

Meanwhile, we're still in the middle of Q2 earnings season. Pfizer, ExxonMobil, Proctor & Gamble, and Berkshire Hathaway are just a few of the companies announcing this week.

Also, the U.S. will be publishing revisions to every GDP report since 1929.

Top Stories

  • Three Central Bank Meetings: The U.S. Federal Reserve, the Bank of England, and the European Central Bank will all be holding their monetary policy meeting this week.? No change is expected from the ECB.? On July 4, the BoE's Mark Carney hinted that he was considering adopting forward guidance; we may hear more about that on Thursday.

    One thing's for sure, there won't be any tapering of it's monthly $85 billion bond-buying program. "Even uber-hawk Charles Plosser has called a first move in September, and if he doesn't advocate a July move, it's hard to see anyone in the leadership doing so," said JP Morgan's Michael Feroli.

  • GDP Mega-Revisions : This week, the Commerce Department will release revised GDP data to include R&D as a category of investment.? This will affect every report since 1929. "The net effect could be a 3% upward revision to the level of output," said Deutsche Bank's Joe LaVorgna. "However, of greater significance to us (as well as the Fed and financial markets) will be the change in growth, rather than the outright level. This is what makes Q2 GDP estimates so difficult to forecast. Based on the recent and substantial upward revisions to nonfarm payrolls, we believe the growth rate of GDP will be revised modestly higher over the past several years. This is a separate issue from the overall level being revised higher."

Economic Calendar

  • Pending Home Sales (Monday): Economists estimate that the pace of pending home sales fell 1.0% in June month-over-month. "Pending home sales should have decreased by 2.0% mom in June," warned Bank of America Merrill Lynch's Michelle Meyer. "We expect some of the decline in signed contracts for existing homes to be a give-back following a 6.7% surge in May. We could also start to see the impact of rising mortgage rates, which may have deterred some homebuyers, particularly investors and second home buyers."
  • Dallas Fed Manufacturing (Monday): Economists estimate this index climbed to 7.3 in July, up from 6.5 a month ago.
  • S&P/Case-Shiller Home Prices (Tuesday): Economists estimate the 20-city index climbed 1.4% month-over-month in May and 12.4% year-over-year. "Figures released by data provider CoreLogic suggest that home selling prices remained on an uptrend during May in the twenty cities covered by the S&P/Case- Shiller survey," said Societe Generale's Brian Jones. "We will be paying particular attention to the breadth of price gains in next week?s report. Since last December, all of the metropolitan areas surveyed have posted sequential increases in home selling prices."
  • Consumer Confidence (Tuesday): Economists estimate that this confidence index fell to 81.0 in July from 81.4 a month ago. "Boosting confidence should be good news on employment. The June employment report, released during the survey period, surprised to the upside," said Credit Suisse's Neal Soss. "Also, ?News Heard on Employment? from the University of Michigan?s consumer survey improved in July."
  • ADP Employment Change (Wednesday): Economists estimate the ADP survey will show a 180,000 increase in private payrolls in July. "ADP private payrolls are expected to increase by 160,000 in July, a partial give- back from the pop up to 188,000 in June," said BAML's Ethan Harris who is a bit more cautious than the consensus. "This would bring private payrolls roughly in line with the 6-month moving average of 163,000."
  • GDP Q2 (Wednesday): Having said that, economists estimate that GDP grew at a meager 1.0% rate in Q2.? Personal consumption is estimated to have climbed by 1.6%. "2Q13 GDP is expected to be a very low +0.3%, leaving first half growth at only slightly better than 1% annualized, as the economy absorbed the heaviest impact of an estimated 1.7%% of GDP fiscal tightening this year," warned Morgan Stanley's Ted Wieseman who is much more bearish than the consensus.
  • Chicago PMI (Wednesday): Economists are looking for a reading of 54.0 in July, up from 51.6 in June. "Regarding the July Chicago PMI, we expect the manufacturing sector to regain some momentum in the back half of the year after suffering from a combination of sequester-related weakness, slowing exports and inventory rebalancing in H1," said Deutsche Bank's Brett Ryan.
  • The FOMC Rate Decision (Wednesday): "[This] week's FOMC meeting should prove to be relatively uneventful, with potentially the most interesting aspect being the degree to which they signal the imminence of the first tapering," said JP Morgan's Feroli. "We think that this first tapering comes at the September meeting, and see very low odds of a surprise reduction in asset purchases next week. Even uber-hawk Charles Plosser has called a first move in September, and if he doesn't advocate a July move, it's hard to see anyone in the leadership doing so."
  • Initial Jobless Claims (Thursday): Economists estimate that claims ticked up to 344,000 from 343,000 a week ago.
  • Markit PMI (Thursday): Economists are looking for a reading of 53.2 in July.
  • ISM Manufacturing (Thursday): Economists estimate that this key measure climbed to 52.0 in July, up from 50.9 in June. "For July, we expect the ISM Manufacturing Index to increase slightly to 52.6," said Wells Fargo's John Silvia. "The regional indices released for July so far have indicated that manufacturing improved this month. Although this is an improvement over last month?s figure, our forecast remains consistent with this recovery?s theme of modest, subpar growth and little evidence of the acceleration experienced in previous recoveries."
  • Construction Spending (Thursday): Economists estimate that spending climbed by 0.4% in June. "We look for a slowdown in the rate of increase of residential construction spending, reflecting the softening in housing starts of the past few months," said BAML's Meyer. "This should be offset by a gain in renovation spending. "
  • Vehicle Sales (Thursday): Analysts estimate that vehicle sales slipped to a still robust 15.8 million in July. "[V]ehicle sales have meaningful upside potential, thereby providing another pillar of support to the manufacturing sector in H2 and into 2014," said Deutsche Bank's Ryan.
  • Nonfarm Payrolls (Friday): Economists estimate that the U.S. added 185,000 payrolls in July, up from 195,000 in June. They also expect the unemployment rate to slip to 7.5% from 7.6% in June. "The public sector is likely to continue to gradually shed jobs; we forecast a decline of 5,000 public sector workers," said BAML's Harris. "In contrast, the private sector should add 185,000 jobs. Job growth recently has been driven by leisure and hospitality as well as retail trade ? two of the sectors with the lowest paying jobs and fewest working hours. This has sparked concern about a poor composition of job growth. "
  • Personal Income and Spending (Friday): Economists estimate that income climbed by 0.4% in June, while spending grew by 0.5%. "Personal Income is expected to see a solid +0.5% gain in June given strong growth in aggregate private sector wages and salaries reported in the June employment situation," said Morgan Stanley's Wieseman. "Personal Consumption is also expected to gain a solid +0.5%, supported by a surge in motor vehicle sales to a six-year high, upside in gasoline consumption reflecting both higher prices and volume, and a slight uptick in ex auto retail sales."
  • Factory Orders (Friday): Economists estimate that orders climbed by 2.3% in June.

Market Commentary

Despite the sea of uncertainty on the horizon, J.P. Morgan's Tom Lee is bullish.

"With both U.S. and Europe expected to see better growth in [the second half of 2013], we believe the Street will be in a position to raise 2014E EPS," said Lee about stock market profits. "We are raising 2014E EPS to $120 (vs $117) and also raising our YE 2013E S&P 500 Target to 1775 (up 3.5% vs prior 1715)."

Among other things, Lee is encouraged by the pent-up demand he sees in the U.S.

"As for the U.S. and to a lesser extent for Europe, this is more than ?easing financial conditions? but a story of pent-up demand," he said. "[I]nvestment/durables spending in the U.S. remains at 60-year lows. And at a time when the age of capital- stock is near record highs. This is a formula, in our view, for obsolescence asserting itself in the form of an eventual sharp rise in spending."

We asked Matthew Cheslock, Equity Trader at Virtu Financial, what we should think about when it comes to China, Europe, and the U.S. Watch the video here:

?

Source: http://www.businessinsider.com/monday-scouting-report-july-29-2013-2013-7

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Canada Carbon Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2013) - Canada Carbon Inc. (the "Company") (TSX VENTURE:CCB) announces that it has closed a non-brokered private placement (the "Private Placement") which raised gross proceeds of $300,000 (the "Gross Proceeds"). Specifically, the Company issued 2,000,000 units ("Units") at $0.15 with each Unit consisting of one common share in the capital of the Company ("Common Share") and one half of one Common Share purchase warrant ("Warrant"), with each whole Warrant being exercisable for the purchase of an additional Common Share for a period of three years from closing at $0.25 per Common Share. In accordance with applicable securities legislation, the securities issued in the Private Placement are subject to a statutory hold period expiring on December 1, 2013.

In connection with the Private Placement, the Company will be paying a cash commission of 8% of the Gross Proceeds, as well as non-transferable compensation units (the "Compensation Units") equal to 10% of the Units sold pursuant to the Private Placement, to Euro Pacific Canada Inc. (the "Agent"). Each Compensation Unit is exercisable by the Agent for a period of 18 months from the closing of the Private Placement at an exercise price of $0.15 per Compensation Unit into units on the same economic terms as the Units.

The Company intends to use the proceeds of the Private Placement for general corporate and working capital purposes. The Private Placement is subject to final approval by the TSX Venture Exchange.

On Behalf of the Board of Directors

CANADA CARBON INC.

R. Bruce Duncan, Interim CEO and Director

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Source: http://www.marketwire.com/mw/release.do?id=1815956&sourceType=3

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Poverty in India declined between 2004 and 2012: Ex Plan Panel member

PoorFormer member of the Planning Commission, Bhalchandra Mungekar, has told Business Standard that while poverty being reduced between 2004-05 and 2011-12 was a fact, the minimum estimates used recently to define poverty appeared to be unrealistic and, therefore, questionable.

?Between 2004-05 and 2011-12, the rate of growth was on an average 8.5 per cent per annum.

"It must have benefited people at large. Second, the inclusive policies of the United Progressive Alliance government, particularly the Mahatma Gandhi National Rural Employment Guarantee Act, had provided jobs to 400-450 people per annum at the wage rate ranging from Rs 130-160 per day.

"This had provided additional income to the poor. Third, due to relative scarcity of labour in rural areas due to MGNREGA, overall rural wage rates had increased, resulting in faster reduction of rural poverty, compared with urban poverty.

Between FY05 and FY12, rural poverty declined at 2.3 per cent per annum and urban at 1.69 per cent.

These rates of reduction were three times higher than rates at which poverty declined during FY94 and FY05,? said Mungekar.

On the poverty estimates issued by the Planning Commission, Mungekar, who is a Congress member in the Rajya Sabha, termed it a ?routine exercise?.

He said these estimates had been prepared on the basis of the Tendulkar Committee?s

recommendations.

?The committee had added expenditure on health and education in addition to per capita calorie expenditure.

"To estimate poverty for 2011-12 on the basis of National Sample Survey Office data, the Planning Commission took Rs 4,080 as monthly expenditure for a family of five in rural areas and Rs 5,000 in urban areas.

Taking into account the current rate of inflation, this minimum expenditure to define poverty appears to be unrealistic and, therefore, questionable.

But what the Commission has done is, it wanted to see the rate of reduction in poverty between 2004-05 and 2011-12.

On this basis, it found 137 million people crossed the poverty line during the seven-year period,? he added.

Source: http://www.rediff.com/business/report/poverty-in-india-declined-between-2004-and-2012/20130729.htm

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Friday, June 28, 2013

The Republican Party Is Stuffed Full of 'Frauds,' A Republican Argues

The Republican Party Is Stuffed Full of 'Frauds,' A Republican Argues

Republicans these days are riven by internal differences. That's partly because?legislators recognize what's in their party's collective interest?but won't, for individual reasons, take steps to make it reality. But it's also because of legitimate inconsistencies in the GOP's values. The Republican communications consultant Liz Mair lashed out at the problem in a thoughtful Twitter essay Friday. The whole thing is worth a read.

Source: http://news.yahoo.com/republican-party-stuffed-full-frauds-republican-argues-070415231.html

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Microsoft: We?re not afraid of BlackBerry, proud to be No. 3 in mobile

Impertinent. Mumbling. Offended. Teary-eyed. Rachel Jeantel, star witness for the prosecution in George Zimmerman's murder trial, was all of those, and more, as her testimony Wednesday provided new details into Trayvon Martin?s last moments and infused racially loaded commentary into an already-sensitive trial.

Source: http://news.yahoo.com/microsoft-not-afraid-blackberry-proud-no-3-mobile-205537962.html

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Judges: Social Security pushes approval of claims

WASHINGTON (AP) ? Several current and former judges say Social Security is pushing judges to approve disability benefits for people who may not deserve them in an effort to reduce a huge claims backlog.

Larry Butler, an administrative law judge from Fort Myers, Fla., called the system, "paying down the backlog."

The House Oversight and Government Reform Committee is investigating why many judges have high approval rates for claims that have already been rejected twice by field offices or state agencies.

The judges spoke at a committee hearing Thursday.

The number of people getting Social Security disability benefits has increased by 44 percent over the past decade. Social Security officials say the primary driver of the increase is a surge in baby boomers who are more prone to disability as they age.

Source: http://news.yahoo.com/judges-social-security-pushes-approval-claims-150426096.html

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Tickets Are Now Available For The 8th Annual August Capital Party In Silicon Valley

crunchup2013TechCrunch's annual party at August Capital is almost here and we just released more tickets. The first batch went within 24 hours so jump on these quick. Space is limited. We?ve hosted the TechCrunch summer party with VC firm August Capital since 2006. This year, as in years past, we?ll be partying on August Capital?s beautiful, sunny Sand Hill balcony on Friday, July 26. The party starts at 5:30 p.m. and goes til 9:00 p.m.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/2AojhMpUpSw/

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Thursday, June 20, 2013

From Campaign War Room to Big-Data Broom - NYTimes.com

At the Obama 2012 campaign headquarters in Chicago, inside a room nicknamed ?the Cave,? a team of data analytics experts helped President Obama build the most technologically advanced campaign in American history. And in their own centers of power, even before those votes were cast, Republican leaders and strategists vowed to hone their high-tech skills for future Election Days.

Big Data 2013

A special section on the business and culture of big data.

In ways that are often invisible to voters, Big Data ? the suite of powerful technologies and digital measurements that has upended so much in the world of commerce ? is reshaping American politics.

This is the new electioneering. Campaigns analyze data like voter files and buying habits to pinpoint potential supporters, donors and volunteers and, crucially, to marshal votes. Political advertising, like all advertising, is increasingly tailored to a particular person?s interests through the use of digital information and computer algorithms.

Part of this new world is unfolding in Blue Bell, Pa., near Philadelphia, where a small company called BehaviorMatrix is trying to sharpen the Republican Party?s technical prowess.

The company?s co-founder and chief technology officer, Charles Davis, has helped develop a set of technologies and algorithms that quantify and measure voter emotion and opinion online. The company is tracking what people are saying on Facebook, Twitter, blogs and elsewhere to determine how people think and feel about issues that might matter at the polls.

Whether Republicans can close or even reverse the Democrats? current edge in data analytics in time for the 2014 midterm elections ? and, of course, the 2016 presidential campaigns ? is uncertain. But BehaviorMatrix has already teamed up with a digital shop, CrowdVerb, on behalf of South Carolina Republicans for work on a special Congressional election this year. They are also working on the re-election campaign of Senator Mitch McConnell, Republican of Kentucky and the Senate minority leader.

Data-driven campaign techniques like microtargeting ? using data mining to deliver a tailored message to a specific subgroup of the electorate ? cannot change the fundamentals of an election or make an unlikable candidate suddenly likable. But the value of every vote became clear to political operatives after the hair-thin margin in the 2000 presidential election. During the last several election cycles, microtargeting has become a critical tool of politics. Campaigns use voting history as well as demographic and consumer data to determine who is likely to vote, and for whom, and direct customized advertising messages and fund-raising appeals to those specific voters.

?We can pretty accurately predict who is going to vote based on what they?ve done before,? said Rayid Ghani, the chief scientist of the Obama 2012 campaign?s data analytics team.

Mr. Ghani says adding social-media data like someone?s Twitter feed probably would not add much insight. But BehaviorMatrix and CrowdVerb are betting that campaigns will want all the real-time data they can get.

Until now, most microtargeting was based on backward-looking data ? the car someone bought or the magazines they subscribed to, says Cyrus Krohn, a co-founder of CrowdVerb. But as more people communicate online, particularly via social media, the Web has become an alluring source of up-to-the-moment insights.

?The social angle is clearly where this is going,? said Patrick Ruffini, a Republican strategist and president of Engage, another digital agency. ?There?s only so much you can do with ?So-and-so drives a Volvo.? ?

Mr. Davis said he had an idea of where things might be heading in the late 1990s, while he was chief technology officer at Millward-Brown Interactive. ?It was clear to me,? he said, ?even at that early stage, that the Internet was an evolving socio-behavioral phenomenon and that new tools and methods needed to be developed to effectively measure trends and attitudes.?

Over the next decade, Mr. Davis established the intellectual foundation that would underlie BehaviorMatrix, and in 2008, while seeking start-up funds, he met William M. Thompson, the former chairman and chief executive of Innovative Tech Systems, a software developer. Mr. Thompson invested in BehaviorMatrix and came out of retirement to run it.

Other data scientists and mathematicians at BehaviorMatrix built on Mr. Davis?s work, and the algorithms they use today try to analyze online speech and interactions, quantifying how people feel about a candidate or issue and building a model to predict how individuals may vote or whether they will buy a product. By analyzing the interplay of networks online, BehaviorMatrix also seeks to identify which individuals are influencing the opinion of others, Mr. Davis said.

BehaviorMatrix has done work for corporations and governments, but in its partnership with CrowdVerb it has dived into electoral politics. And Mr. Davis, 41, who grew up in a family of Democrats in the liberal San Francisco Bay Area, has found himself in the odd position of working to improve data analytics for the Republican Party.

?Does it make for some interesting conversations when I?m back home at Christmastime?? said Mr. Davis, a registered independent. ?Sure it does.?

While BehaviorMatrix has measured and modeled online opinion and emotion for clients before, it has just begun trying to link online profiles with flesh-and-blood voters.

The company?s algorithms also use publicly available information, like a person?s name and address, to tie a name in a voter file to a comment on a blog or Twitter post.

Tying the two identities together ?allows you to use data you?ve collected about someone online to model offline behavior, and vice versa,? said Sasha Issenberg, a reporter at Slate and the author of ?The Victory Lab,? a book about the science of campaigning.

This is what CrowdVerb and BehaviorMatrix did during the special election in May for the First Congressional District in South Carolina, which Mark Sanford, whose tenure as state governor was nearly ended by scandal, won handily.

The South Carolina Republican Party hired the companies to check voter files. BehaviorMatrix ran the files against a database of online profiles and pulled a sample of more than 4,000 matches, weighted to represent the district?s electorate, Mr. Davis said.

Among those matches, discrepancies were found between what BehaviorMatrix predicted a voter would do based on what that voter was saying online and what the traditional identification work predicted about that voter.

It is not yet clear whether the data CrowdVerb and BehaviorMatrix generated was more predictive than the traditional voter file. Once the South Carolina State Election Commission releases the voter rolls, CrowdVerb will do follow-up interviews to check if the digital profiling was better than the traditional voter profiling, and if so by how much, Mr. Krohn said.

But some wonder if adding online data to voter files will prove hugely beneficial.

?I don?t think the next big step will be about a new source of data,? said Joseph Rospars, the Obama campaigns?s digital strategist and co-founder of Blue State Digital. ?It will be about better understanding the data we have.?

Still, Republicans are eager to expand their technological tool kit, and BehaviorMatrix and CrowdVerb have already moved on to Mr. McConnell?s campaign in Kentucky. Even if Mr. McConnell does not face a top-tier challenger, either in the Republican primary or the general election, Mr. Davis said he hoped the technology he helped develop will prove beneficial beyond who wins and loses, or even righting the Republican?s technological ship.

?This isn?t just about figuring out who?s going to vote and how they?re going to vote,? Mr. Davis said. ?One of the most important things that the candidate does when they use our systems is they actually understand why people are voting for them or why they?re not, and that has the effect of hopefully being able to change policy in a more meaningful and democratic way.?

Source: http://bits.blogs.nytimes.com/2013/06/19/from-campaign-war-room-to-big-data-broom/

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Stocks slide as Fed says bond purchases could slow

Fed Chairman Ben Bernanke is on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)

Fed Chairman Ben Bernanke is on a television screen as trader James Dresch works in a booth on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)

Fed Chairman Ben Bernanke's news conference is on a television screen on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)

Traders gather at posts on the floor of the New York Stock Exchange Wednesday, June 19, 2013. Stocks edged lower in early trading on Wall Street Wednesday as investors waited for word from the Federal Reserve. (AP Photo/Richard Drew)

Fed Chairman Ben Bernanke is on a television screen as specialist James Naughton works at his post on the floor of the New York Stock Exchange Wednesday, June 19, 2013. The Federal Reserve offered a hint Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. (AP Photo/Richard Drew)

(AP) ? Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of 2014.

The reaction by investors -- the Dow Jones industrial average fell more than 200 points and the yield on the 10-year Treasury note rose to its highest in 15 months -- showed just how much investors have come to depend on the Fed's easy money policies that have helped send the stock market up 140 percent in the past four years.

"Any whiff there's going to be reduction in the (Fed's) ammunition is met with selling," said James Camp, managing director of fixed income at Eagle Asset Management.

The selloff was broad. All 10 sectors in the Standard's & Poor's 500 fell, led by high-dividend stocks like telecommunications and utilities.

The Fed's $85 billion in monthly bond purchases have helped the U.S. economy by keeping long-term interest rates low and encouraging borrowing and investing. Now, it looks like the Fed is closer to ending that program as the U.S. economy improves.

The stock market drifted lower for most of the day, ahead of a scheduled statement from the Fed and a press conference by Chairman Ben Bernanke. The Dow was down just 16 points shortly before the central bank released a policy statement and economic outlook at 2 p.m.

Stocks started to fall after the Fed's statement. The selling accelerated after Bernanke began speaking at 2:30 p.m. The Dow Jones industrial average fell 206.04 points, or 1.4 percent, to 15,112.19. Other indexes also fell.

Bond and currency investors reacted more sharply to the Fed's news. Bond yields spiked as investors anticipated a slowdown in the Fed's purchases.

The yield on the 10-year Treasury note jumped to 2.31 percent, its highest in 15 months. The yield on the note started the day at 2.21 percent.

An index measuring the dollar against six other currencies surged 1 percent. The dollar rose against the Japanese yen, the euro and other currencies as traders anticipated higher U.S. rates.

The Standard & Poor's 500 index fell 22.88 points, or 1.4 percent, to 1,628.93.

For weeks, investors have been trying to figure out when the central bank will start to ease back on its bond purchases.

Speaking to reporters Wednesday, Bernanke said the bank could start scaling back its purchases later this year if the economy continues to improve. He said purchases could end by the middle of next year, and said reductions would occur in "measured steps."

Investors and traders were overreacting to the possibility of less stimulus, some analysts said. The economy will be strong enough for the Fed to start cutting back this year.

"I'm not really seeing a lot of reason for bonds to be selling off like they have or for the (stock) market to be down," said Scott Wren, a senior equity strategist at Wells Fargo Advisors. "If the market sells off on this, you have to view it as an opportunity," to buy.

The Fed's policy of low interest rates coupled with bond-buying has been a major factor in driving stocks higher since bottoming out in March 2009. The S&P 500 has gained 14.2 percent this year and has advanced more than 141 percent since its recession low.

In commodities trading, the price of crude oil fell 20 cents, or 0.2 percent, to $98.24 a barrel. The price of gold rose $7.10, or 0.5 percent, to $1,374 an ounce.

In other U.S. stock trading, the Nasdaq composite fell 38.98 points, or 1.1 percent, to 3,443.20.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-06-19-Wall%20Street/id-6dc52df8c9184f719057b5d5c9571bc8

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Obama to call for up to one-third cut in nuclear warheads (CNN)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/313775224?client_source=feed&format=rss

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Tuesday, April 16, 2013

RolePlayGateway?

[center]
[img]Gif of your character [/Gif]

[font=timenewsroman][size=100] |Age| Family| Job |Sexuality|[/size][/center]

|?? (crush or romantic interest)|
|? (friend with benefits, flirts, hooked up, etc.)|
?(friends)|
? (neutral)|
? (Enemies)

[size=100][list]
[*] [b]Alaura Daniels:[/b]Symbol, and then write what your character feels about this character

[*] [b]Bryn Carter:[/b]? Symbol, and then write what your character feels about this character

[*] [b]Chanel Juliette Asher:[/b] Symbol, and then write what your character feels about this character

[*] [b]Dakota Asher :[/b] Symbol, and then write what your character feels about this character

[*] [b]Jayson Daniels:[/b] Symbol, and then write what your character feels about this character

[*] [b]Luka Daniels:[/b] Symbol and then write what your character feels about this character

[*] [b]Magdalena Asher:[/b] Symbol, and then write what your character feels about this character

[*] [b]Marcus Daniels:[/b] Symbol, and then write what your character feels about this character

[*] [b]Sienna Asher:[/b] Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b] Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b] Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b] Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b]? Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b] Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b] Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b]Symbol, and then write what your character feels about this character

[*] [b]Character Name:[/b]Symbol, and then write what your character feels about this character[/list][/font][/size]

Source: http://feeds.feedburner.com/RolePlayGateway

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Final defendant in LA 'Bling Ring' sentenced

LOS ANGELES (AP) ? A man who pleaded no contest to stealing from Lindsay Lohan and reality star Audrina Patridge has been sentenced to time already served in jail.

Nicholas Prugo is the final defendant to be sentenced in the "Bling Ring" burglaries case that Los Angeles authorities say targeted celebrities' homes.

District attorney's spokeswoman Jane Robison says Prugo spent a year in custody before being sentenced Monday. He pleaded no contest in March 2012 in exchange for a two-year prison sentence.

Judge Larry Paul Fidler gave Prugo credit for that year plus an additional year's credit because of good behavior.

Authorities say the burglaries that Prugo and five others were involved in netted more than $3 million in jewelry, clothes and art.

Source: http://news.yahoo.com/final-defendant-la-bling-ring-sentenced-181958975.html

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Are Ozzy & Sharon Osbourne Separated?

Ozzy and Sharon Osbourne have been through hell together, but they're a match made in heaven...right? A recent report claims that the rocker and his talk-show host wife, who have been married for 31 years, are leading separate lives. According to the UK Sun, Sharon and Ozzy live two miles apart, are "not spending any time together," and "they row a lot." Both have also been spotted in public without their wedding rings. Could this be the end for the Prince of Darkness and his bride?

Source: http://www.ivillage.com/are-ozzy-sharon-osbourne-separated/1-a-533295?dst=iv%3AiVillage%3Aare-ozzy-sharon-osbourne-separated-533295

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Monday, April 15, 2013

At least one missing in Washington state avalanches

By Gil Aegerter, Staff Writer, NBC News

One person was missing after two avalanches struck separate groups Saturday during heavy snowfall in the mountains near Snoqualmie Pass east of Seattle, a King County officials said.

In one incident, an avalanche struck three people on Granite Mountain near milepost 47 about?five miles west of the pass?along Interstate 90, leaving one missing and one injured, King County sheriff's Sgt. Katie Larson told NBC News. The slide carried the snowshoers about 1,000 feet, NBC station KING of Seattle reported.

In the other incident, a slide hit a group of 12 snowshoers at an elevation of about 4,800 feet in an area north of the pass, KING reported.


A woman who was in the group told KING her survival instincts kicked in.

"Horrible experience, fear, avalanche came down like water ... water shape ... so we held onto trees and we survived," Kay Seo said.

KING reported that one man was buried up to his armpits and a woman with a dog was found after the dog led rescuers to her.

Snoqualmie Pass is along Interstate 90 about 50 miles east of Seattle. It is a popular skiing and snowshoeing destination in the winter and early spring.

The mountains in the region have been hit by spring snowfall in the past couple days, with the Alpental ski area at Snoqualmie Pass reporting about 11 inches of new snow. The Northwest Weather and Avalanche Center reported considerable avalanche danger above 4,000 feet and moderate danger below that level on Saturday, with the risk increasing in the afternoon.

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Source: http://feeds.nbcnews.com/c/35002/f/653381/s/2aafbc7c/l/0Lusnews0Bnbcnews0N0C0Inews0C20A130C0A40C130C177380A160Eat0Eleast0Eone0Emissing0Ein0Ewashington0Estate0Eavalanches0Dlite/story01.htm

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10 Things to Know for Monday

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Monday:

1. THE AMERICANS MOST LIKELY TO GET AUDITED

The IRS has identified small-business owners near San Francisco, Houston, Atlanta or DC as probable tax cheats.

2. A DAY ALL EYES ARE ON NORTH KOREA

It's the birthday of founding father Kim Il Sung, and Pyongyang has often used major national holidays to show off military power.

3. VENEZUELA'S NEXT LEADER IS...

Voters choose between Hugo Chavez's hand-picked successor and an emboldened second-time challenger.

4. WHY THE SELF-DEFENSE ARGUMENT FOR GUNS IS COMPLICATED

Researchers provide little clarity on how often Americans use firearms to protect themselves.

5. AL-SHABAB ISLAMIC EXTREMISTS STORM SOMALIA'S SUPREME COURT

The attack shows the country's most dangerous militant group may be down but not defeated.

6. WHAT SOME US CATHOLIC ORDERS DIDN'T REVEAL

The organizations may have sent pedophile priests to new parishes in the same way the larger church shuffled problem clergy.

7. NYPD'S 'LUCKY BAGS' UNDER SCRUTINY

A court ruling casts a harsh light on using planted, unattended wallets and "bait cars" to snare crooks.

8. CLASSICAL MUSIC FOR A CAPTIVE AUDIENCE

Chicago Symphony Orchestra organizes a concert at a juvenile detention center to inspire at-risk youth.

9. BIEBER'S ANNE FRANK COMMENT DRAWS IRE

In a guestbook at the museum memorializing the Holocaust victim, the pop star writes that he hopes she "would have been a Belieber."

10. THE FIRST AUSSIE TO WEAR THE GREEN JACKET

Adam Scott beats Angel Cabrera on the second hole of a soggy playoff to win the Masters.

Source: http://news.yahoo.com/10-things-know-monday-104352258.html

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Sunday, April 14, 2013

Liberal Hypocrisy Watch (Powerlineblog)

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Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/298909741?client_source=feed&format=rss

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If You Named A Planet Recently You Probably Didn't, You Know, Officially Name The Planet

The International Astronomical Union is sitting down with the Internet to have a little talk. Just because some kids on the playground say they'll let you name an exoplanet for $5 doesn't mean you should give them $5. First of all they're not the boss of you, and second of all they have nothing to do with planet-naming. More »
    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/G_raAyuSwK8/if-you-named-a-planet-recently-you-probably-didnt-you-know-officially-name-the-planet

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House passes GOP bill to halt Labor Board action

WASHINGTON (AP) -- The House on Friday passed a bill to prevent the National Labor Relations Board from conducting much of its business until a dispute over the president's recess appointments is resolved.

The Republican-backed measure, approved on a 219-209 vote that broke largely along party lines, is a response to a federal appeals court ruling in January that President Barack Obama violated the Constitution by filling vacancies on the board without Senate confirmation. The measure is not expected to gain traction in the Democratic-controlled Senate, where it goes next.

White House officials say the court's decision is flawed and insist the board can continue operating while the ruling is appealed to the U.S. Supreme Court. But Republicans and their allies in the business community claim the agency lacks any legitimacy to issue decisions.

Obama has threatened to veto the bill, saying it would jeopardize workers' rights.

The board, which resolves disputes between unions and management, has operated under a cloud for months since the court's ruling. Republicans say the board's work is tainted, creating uncertainty for both businesses and unions that rely on its decisions.

"Every decision it issues is ripe for appeal on the basis the board itself is not legitimate," Rep. John Kline, R-Minn., said in a floor speech.

The bill would prevent the board from conducting business for the rest of the year unless the Senate confirms new members constituting a quorum or the Supreme Court decides the board has the authority to act.

But Democrats say it would render a critical agency powerless to help victims of unfair labor violations and encourage employers to ignore union election results and refuse to bargain.

Rep. Robert Andrews, D-N.J., accused Republicans of putting the board in an awkward position because GOP lawmakers in the Senate have refused to confirm Obama's nominees to the NLRB. Republicans have complained about the board's pro-labor tilt and its recent decisions that could help unions organize new members.

"A functioning board is clearly not the objective of the other side," Andrews said.

The five-member board currently has only three members, two of whom Obama appointed in January 2012 while the Senate was on a break. It needs a quorum of at least three sitting members to conduct business.

Obama has asked the Senate to confirm those two recess appointments to full terms. This week, Obama also renominated board Chairman Mark Pearce for another term and nominated two Republican lawyers for the remaining seats, part of a five-member package deal he wants the Senate to confirm swiftly.

But GOP leaders have balked, saying they won't consider the recess appointees for full-term positions.

Obama made the recess appointments last year to keep the agency functioning after Senate Republicans vowed to block his nominations to the board. But the U.S. Court of Appeals for the D.C. Circuit issued a sweeping decision in January, ruling that recess appointments can be made only during the once-a-year break between sessions of Congress. It also ruled for the first time that a vacancy must occur during a recess in order to be valid.

___

Follow Sam Hananel on Twitter: http://twitter.com/SamHananelAP

Source: http://news.yahoo.com/house-passes-gop-bill-halt-161704317.html

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Saturday, April 13, 2013

How To Sleep In Space

While you are sinking into you soft, pillow-top mattress—or pile of trash—there are a handful of human beings in space who take to their nightly respite a little differently, by strapping themselves into a zero-g space coffin. Apparently it's better than it sounds. More »
    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/D8GRwUXQqkI/how-to-sleep-in-space

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Tuesday, April 9, 2013

Airline passenger complaints surged in 2012

(AP) ? Airline passengers are getting grumpier, and it's little wonder.

Airlines keep shrinking the size of seats to stuff more people onto planes, those empty middle seats that once provided a little more room are now occupied and more people with tickets are being turned away because flights are overbooked.

Private researchers who analyzed federal data on airline performance also said in a report being released Monday that consumer complaints to the Department of Transportation surged by one-fifth last year even though other measures such as on-time arrivals and mishandled baggage show airlines are doing a better job.

"The way airlines have taken 130-seat airplanes and expanded them to 150 seats to squeeze out more revenue I think is finally catching up with them," said Dean Headley, a business professor at Wichita State University who has co-written the annual report for 23 years.

"People are saying, 'Look, I don't fit here. Do something about this.' At some point airlines can't keep shrinking seats to put more people into the same tube," he said.

The industry is even looking at ways to make today's smaller-than-a-broom closet toilets more compact in the hope of squeezing a few more seats onto planes.

"I can't imagine the uproar that making toilets smaller might generate," Headley said, especially given that passengers increasingly weigh more than they use to. Nevertheless, "will it keep them from flying? I doubt it would."

In recent years, some airlines have shifted to larger planes that can carry more people, but that hasn't been enough to make up for an overall reduction in flights.

The rate at which passengers with tickets were denied seats because planes were full rose to 0.97 denials per 10,000 passengers last year, compared with 0.78 in 2011.

It used to be in cases of overbookings that airlines usually could find a passenger who would volunteer to give up a seat in exchange for cash, a free ticket or some other compensation with the expectation of catching another flight later that day or the next morning. Not anymore.

"Since flights are so full, there are no seats on those next flights. So people say, 'No, not for $500, not for $1,000,'" said airline industry analyst Robert W. Mann Jr.

Regional carrier SkyWest had the highest involuntary denied boardings rate last year, 2.32 per 10,000 passengers.

But not every airline overbooks flights in an effort to keep seats full. JetBlue and Virgin America were the industry leaders in avoiding denied boardings, with rates of 0.01 and 0.07, respectively.

United Airlines had the highest consumer complaint rate of the 14 airlines included in the report, with 4.24 complaints per 100,000 passengers. That was nearly double the airline's complaint rate the previous year. Southwest had the lowest rate, at 0.25.

Consumer complaints were significantly higher in the peak summer travel months of June, July and August when planes are especially crowded.

"As airplanes get fuller, complaints get higher because people just don't like to be sardines," Mann said.

The complaints are regarded as indicators of a larger problem because many passengers may not realize they can file complaints with Transportation Department, which regulates airlines.

At the same time complaints were increasing, airlines were doing a better job of getting passengers to their destinations on time.

The industry average for on-time arrival rate was 81.8 percent of flights, compared with 80 percent in 2011. Hawaiian Airlines had the best on-time performance record, 93.4 percent in 2012. ExpressJet and American Airlines had the worst records with only 76.9 percent of their planes arriving on time last year.

The industry's on-time performance has improved in recent years, partly due to airlines' decision to cut back on the number of flights.

"We've shown over the 20 years of doing this that whenever the system isn't taxed as much ? fewer flights, fewer people, less bags ? it performs better. It's when it reaches a critical mass that it starts to fracture," Headley said.

The industry's shift to charging for fees for extra bags, or sometimes charging fees for any bags, has significantly reduced the rate of lost or mishandled bags. Passengers are checking fewer bags than before, and carrying more bags onto planes when permitted.

The industry's mishandled bag rate peaked in 2007 at 7.01 mishandled bags per 1,000 passengers. It was 3.07 in 2012, down from 3.35 bags the previous year.

The report's ratings are based on statistics kept by the department for airlines that carry at least 1 percent of the passengers who flew domestically last year.

The airlines covered in the report are Air Tran, Alaska, American, American Eagle, Delta, ExpressJet, Frontier, Hawaiian, JetBlue, SkyWest, Southwest, United, US Airways and Virgin America.

The research is sponsored by Purdue University in Indiana, and by Wichita State University in Kansas.

___

Online:

Airline Quality Ratings: http://www.airlinequalityrating.com

___

Follow Joan Lowy on Twitter at http://www.twitter.com/AP_Joan_Lowy

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-04-08-Airline%20Quality/id-d95c16f3418a49838b549fa0b7e769b1

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Targeting Business Travelers, Rocketmiles Lets You Earn Miles For ...

Over 25 million Americans participate in frequent-flier programs that allow them to earn airline miles through flights and credit cards. Today, Chicago-based Rocketmiles is launching a service that will allow those travelers to earn miles just by booking rooms from select hotels, which Rocketmiles serves up directly on its website, and soon, on mobile, too.

Rocketmiles was founded in November 2012 by former Groupon exec, Jay Hoffman, who also previously ran the Mileage Plus program at United Airlines. Co-founders Bjorn Larsen and Kris Helenek?also have a background in the travel industry.

Hoffman says he knows first-hand what it?s like to be a frequent traveler, having spent four to five days per week on the road earlier in his career when he worked with The Boston Consulting Group. He learned a lot about frequent-flier programs and the needs of businesses travelers in general through this experience, which he now brings to Rocketmiles.

Like the partnership programs with credit-card companies, Rocketmiles also buys miles from the airlines which it then ties to stays with its partner hotels. Prior to today, these deals were only available to a couple of hundred private beta testers who could search across eight cities in the U.S.

As of the public debut, however, Rocketmiles now supports 15 cities in the U.S. and plans to expand to even more markets over the next few months, adding about one to two cities per week.

home-page

What?s different about Rocketmiles, besides the fact that it?s a new way to accumulate miles, is that it?s also focusing on delivering a hand-picked selection of premium hotels that appeal to business travelers, as opposed to the hundreds of search results which aggregators offer, while also offering the same prices. The company gets its hotel rooms at a lower rate and resells them higher, leaving behind enough revenue to purchase more miles and generate revenue.

?You?re getting the same rate that you would have paid any place else,? explains Hoffman, ?and you?re getting a?gigantic incentive for booking through Rocketmiles.? The service appeals to the hotels, too, he adds. ?If you think of this as an alternative to booking through Priceline or Hotwire, the hotels love this because they?re not publicly discounting their price,? Hoffman says. ?Sometimes the hotels look down on the Priceline or Hotwire customers as being ?deal seekers.? We deliver to them a business traveler who?s a lot more likely to buy Wi-Fi or order room service?it?s going to be the kinds of people the hotel wants to work with.?

hotel-list

While the company isn?t disclosing transaction numbers during its pre-launch period, Hoffman did say that the average transaction is about 3,100 miles per night, and the service is focused only on stays where at least 1,000 miles can be earned. The per-booking average was 7,000 miles. Hoffman notes that the average business traveler taking a dozen or so trips per year could end up with an extra 80,000 miles per year using the service.

Though the company is targeting the travelers themselves, it?s also beginning to work directly?with companies who want to offer Rocketmiles as an option to benefit their employees. A few consulting and tech firms have already begun to pilot this program at their own companies, we?re told.

Going forward, the plan is to continue to expand across the U.S. and prepare the launch of the Rocketboom mobile application, which has already been through a beta of its own. Rocketmiles has been self-funded until recently, but is now closing a round of seed funding north of a million, expected to be finalized in a few weeks? time.

Interested travelers can?sign up to try Rocketmiles today?for hotel stays in the following 15 cites: Atlanta, Boston, Chicago, Dallas,?Denver, Honolulu, Houston, Las Vegas, Los Angeles, Miami, New York City, Philadelphia, San?Diego, San Francisco and Washington D.C., with more to come.


Rocketmiles was built with the sole purpose of helping people travel more and travel further. Our mission is to help you earn miles quicker, getting you to your dream vacation faster. How do we do it? We feature premium, hand-picked hotels in each city that have been screened by our staff of experts. When you book your hotel using Rocketmiles, you earn an incredible average of 7,000 miles per booking from your favorite frequent flier program. All it takes is...

? Learn more

Source: http://techcrunch.com/2013/04/08/targeting-business-travelers-rocketmiles-lets-you-earn-miles-for-hotel-stays-no-special-credit-card-needed/

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Friday, March 29, 2013

Lawsuit claims Ford 'design defect' can cause sudden acceleration

A new lawsuit claims that nearly a decade?s worth of vehicles produced by the Ford Motor Co. suffer from a ?design defect? that can make them susceptible to suddenly and unexpectedly racing out of control.

The lawsuit, filed in West Virginia federal court on behalf of 20 different owners in 14 states, is seeking class-action status that could, if approved, come to involve the owners of millions of Ford vehicles produced between 2002 and 2010.

"For too long, Ford has put its own financial interests ahead of its consumers' safety," said lead attorney Adam Levitt. "We hope this lawsuit sheds light on this important situation and requires Ford to correct its ways, compensate its customers and put them first."

Chevy Rolls Out New 2014 Camaro

Ford is the latest in a string of manufacturers whose vehicles have been accused of experiencing so-called ?unintended acceleration,? dating back to the late 1980s when Audi?s U.S. subsidiary became embroiled in a case involving its old Audi 5000 model. In 2009 and 2010, Toyota recalled nearly 8 million vehicles due to a variety of problems including sticky accelerators and loose floor mats that could jam gas pedals wide open.

Audi ultimately was vindicated by federal regulators who largely put the blame on driver error. The automaker eventually redesigned the layout of its pedals to make it more difficult for consumers to inadvertently hit the gas instead of the brake. And Toyota is turning to so-called brake interlock systems that automatically throttle back if a motorist hits both pedals simultaneously.

In the lawsuit, attorneys insist Ford should have used a similar override as a ?failsafe.?

Subaru Plans More Hybrids, Battery Cars ? Eventually

According to the lawsuit, a 2011 report by the U.S. Department of Transportation found that Ford products racked up 22 percent of the complaints involving unintended acceleration between 2003 and 2009. Ford not only ?concealed? the defects cited in the lawsuit, but ?could have and should have? used a brake override system, the lawsuit alleges.

In response, Ford issued a statement asserting that the National Highway Traffic Safety Administration ?has investigated alleged unintended accelerations many times over many years and has concluded that driver error is the predominant cause of these events. NHTSA's work is far more scientific and trustworthy than work done by personal injury lawyers and their paid experts. In rare situations, vehicle factors, such as floor mats or broken mechanical components, can interfere with proper throttle operation, and manufacturers have addressed these rare events in field service actions."

Virtually every automaker has, at one point or another, fielded complaints related to unintended acceleration. While a few, notably including Toyota, have been forced to take actions to deal with defects that could cause cars to race out of control, NHTSA has largely echoed Ford?s contentions.

The federal agency authorized two separate studies, one by the National Academy of Sciences, the other by NASA, that essentially cleared Toyota of electronic problems ? though NASA researchers did note that it can be next to impossible to track some digital issues that may not be repeatable.

Mercedes Plugs In With B-Class Electric Drive

Nonetheless, Toyota recently reached a $1.1 billion settlement involving owners who claimed the unintended acceleration scandal resulted in lower trade-in values for their vehicles. And it has negotiated settlements involving some claims of wrongful death and injury.

Among the Ford models targeted in the new lawsuit are the 2008-2010 Taurus sedan, 2007-2010 Edge Crossover and 2004 to 2010 Explorer, as well as the 2006-2010 Lincoln MKZ luxury sedan. A number of models produced by the now-abandoned Mercury division, such as the 2005 to 2009 Grand Marquis, also are cited.

(Ford official wants EPA to come up with more accurate mileage numbers. Click here for that report.)

Copyright ? 2009-2013, The Detroit Bureau

Source: http://feeds.nbcnews.com/c/35002/f/653351/s/2a23c4ea/l/0L0Snbcnews0N0Cbusiness0Clawsuit0Eclaims0Eford0Edesign0Edefect0Ecan0Ecause0Esudden0Eacceleration0E1C9142466/story01.htm

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