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European shares recover on big Wall Street gains

BRUSSELS (AP) — Bank stocks recovered their poise Friday and helped European stock markets push higher as investors assessed the impact of a short-selling ban on financial shares in four eurozone countries. The advance in Europe follows big gains on Wall Street Thursday, which helped support most markets in Asia. However, wild swings over recent days, with shares often changing direction every few hours, highlight how volatile trading is at the moment amid concerns over the global economy and the levels of debt in both the U.S. and Europe. In Europe, London’s FTSE 100 was up 1.1 percent at 5,221 points, while Germany’s DAX was 1.9 percent higher at 5,908. The CAC-40 in France was 1.2 percent…

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Murder and mayhem: the fallout from England’s riots

Straight-A student on looting charge Stereotype of underclass need not apply Scotland Yard says it has arrested a total of 1047 people in connection with the violence, disorder and looting in London, with 584 of them charged. Meanwhile, the death toll from the riots has risen to five after a man who was attacked by a mob as…

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Michele Bachmann believes wives should be submissive to her husbands—she has said she pursued a degree in tax law only because her husband told her to—so would she remain submissive to her husband as president? That question from the Washington Examiner ’s Byron York drew boos from the…

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Casey Anthony is responsible for the death of her 2-year-old daughter, Caylee, according to Florida’s Department of Children and Families. The report—the first to blame Anthony for her daughter’s death—states that the young mother “failed to protect her child from harm either through her actions or lack of…

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Josef Fritzl basement to be filled with concrete

Liquidator of Josef Fritzl’s estate says cellar of house where daughter was imprisoned and abused is to be shut for ever The liquidator of Josef Fritzl’s estate says the basement of the house where Fritzl imprisoned and repeatedly raped his daughter for 24 years is to be filled up with concrete. Walter Anzboeck says the move is to ensure the space can never be entered again. He said in a statement that concrete would be pumped into the basement early next year, once town authorities in Amstetten, about 70 miles (120km) west of Vienna, issue a permit. Fritzl, 76, was sentenced to life in prison two years ago after being convicted of holding his daughter captive in a windowless cellar, fathering her seven children and for responsibility in the death of one of them. No decision has yet been made about whether the house should be torn down. Josef Fritzl Austria Europe guardian.co.uk

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Michele Bachmann Once Again Lies About Debt-Ceiling In Debate

Click here to view this media Michele Bachmann lies. That’s no surprise. But in this case, her lie is so insidious and stupid that it just has to be debunked. When asked about the debt-ceiling, she said she wouldn’t have raised it because Congress had an opportunity to cut spending and ducked it. Of course, she doesn’t say that the debt-ceiling relates to debt already authorized by Congress, the funds have been appropriated, and whether she voted for those appropriations for that or not, it’s what they’ve done. A refusal to honor that debt and invite default (either on payments to the debt or promised spending) is the dishonorable claim of a deadbeat. But wait, there’s more. Bachmann once again refers to the $2 trillion-dollar “blank check.” Maybe it’s just me, but blank checks usually don’t have amounts on them, right? Now we get to the real lie. Here it is: BACHMANN: I think we just heard from Standard & Poor’s. When they dropped our credit rating what they said is we don’t have an ability to repay our debt. That’s what the final word was from them . I was proved right in my position. We should not have raised the debt ceiling and instead, we should have cut government spending, which was not done and then we needed to get our spending priorities in order. That’s a pants-on-fire moment for Bachmann. Here is a direct quote from a Standard & Poor’s conference call yesterday: Finally, there is the political analysis, which is an important element of our sovereign criteria, and you have to remember of course that with sovereigns, unlike most issuers, the question is not only of ability to pay but also willingness to pay. It’s quite an important one because no one can force a sovereign to pay its debt, cannot force a sovereign into bankruptcy. So we have to look at the willingness and that’s done primarily by analyzing the politics. You look here at how important, from a policy perspective, paying the nation’s debts are, and also how much pro-active and effective and stable policy-making is there to ensure fiscal sustainability over the long term. So we think that this also has deteriorated, in recent years compared to other AAA countries, and that was why we moved to a negative outlook in April. Both fiscal and the political realities. And as we watched the fiscal debate going on intensely for many months this year and we noticed how little progress was being made in terms of bridging the gap between the two sides — one very focused on revenue measures to address the deficit issue and the other very focused on expenditures and not very much common ground between them — we noticed that there was not much moving together despite many months of debate. And in addition to this, we also had serious questions being raised about the debt ceiling and yes we’ve raised the debt ceiling many times in the past 50 years but we believe that the debate that was had this year was even more contentious and unproductive than previous ones. And the fact is, you know, we had a large proportion of not just anyone, but elected officials who seemed to be seriously advocating that paying US government debt in full and on time was less important than other domestic priorities that they advocated. That’s something that you don’t see happen in AAA countries. As a result of that and as a result of the continued what we view as very slow progress in addressing both the medium term and the longer term fiscal issues we view the politics in the U.S. as moving away from what we expect in a AAA country. So let’s review here. The prime factor that’s different now from the last ratings cycle is that we have batsh*t crazy politicians like Michele Bachmann casting doubt on our WILL to pay. Not our ability. Our WILL. And it all started when Bush took office and gave away the tax cut store, screwed up the plan to be deficit-free by 2012, and put a couple of wars on the credit card. Yes. Michele Bachmann lied. And this one was a whopper the size of Moby Dick, because it’s people like her who are the reason we can’t have nice things.

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Michelle Obama’s Most Affordable Looks (PHOTOS)

Everyone loves a good deal — even Michelle Obama. We know she’s a fan of J.Crew and regularly wears pieces by Talbots, but what other affordable, mass-produced brands does she like? Well… Target, Gap and H&M, to name a few! Check out some of FLOTUS’ most affordable looks below and tell us which outfits look, well, cheap and which are chic.

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Divorce: The Natural Order of Things (For Men)

Who doesn’t remember the 1996 revenge fantasy, “First Wives Club,” as Bette Midler, Goldie Hawn, and Diane Keaton cook up an elaborate scheme to make their husbands pay for dumping them–for younger women? I recall enjoying the movie, and at the time, I was married. Little did I know that a few years later I’d be divorced, broke, and raising kids on my own. No end in sight to dealing with losses, and my ex–relocated, and quickly remarried. Now I’m not complaining, mind you. But as a veteran of the online dating merry-go-round, I’d urge us all to chuck our checklists and axe our assumptions when it comes to Good Providers or Good Lookers, Bad Boys or Boy Toys, and any other posturing that pits Types against Individuals. And if you’re a woman over 40, or God forbid over 50, consider yourself lucky if you can find a decent guy to date, preferably with a pulse. In light of my own single mother experience, I took exception to author Pamela Haag’s approach to the Just OK Marriage, concerned that this grass-is-greener stance is foolhardy, if not destructive. I expressed an opinion that we should focus on going for good in relationships, rather than some pumped up, trumped up, steroidal version of Who-To-Hold-Out-For. And that means appreciating what we have, accepting reasonable compromises, and if we are on the market for mates, setting aside unrealistic expectations. What followed was unanticipated feedback–women generally agreeing that “good” could be great, that stability matters, and men taking the other side. But one comment was startling, as a single dad suggested that divorce is the “natural order of things.” We all concede that men remarry faster than women, and more of them do so. Second wives are frequently younger than the first. Could I assume from this that the starter marriage works well for men, but for women, not so much? Or does any marriage work well for men, including a series of marriages moving to increasingly newer, shinier models? Specifically, my reader states: … maybe we are supposed to get divorced. Maybe that is the natural order of things… Maybe the mother of your children doesn’t have to be the love of your life. What if raising your children as a team, where you each get a few nights a week to yourself to enjoy a social life, explore your sexuality, go back to school, read a book or whatever…. is a good thing? … It’s what we do anyway. The comment goes on to say: Our first mate is usually a good mother, she cooks and cleans and is maternal. Once those things are no longer in demand (the kids are grown) we move on to search for a mate who has other traits we desire. Younger, hotter, more sexually open perhaps… usually someone who doesn’t challenge us as much. Now before all the ladies decide to skewer this divorced dad (might I have that pleasure?) let me clarify that he seems to be a respectful man who has responsibly co-parented for years. I may be stunned by his remarks, but I also admire his willingness to make them. And I’m guessing he’s not alone in his convictions. As for the supposed upside for the gals? The benefits of divorce, providing single mothers–as it does single fathers–a few days off to explore their sexuality? I daresay I haven’t enjoyed that sort of arrangement, and if I suggested that the fairer sex required time off for extracurricular maneuvers–then I’d be the one who was skewered. Still, I can’t believe that millions of men consider their (first) wives to be disposable. Did I miss the memo? I bristle at the premise that first wives are good for mothering, cooking, and cleaning and then the so-called natural order of things kicks in, complete with the Guilt-Free Younger, Sexier (dumber?) Missus-Number-2. And then what? Bye Bye, Ms. Original Bride? And where exactly do we store the discarded models? Do we pose questions, or just say why bother? Does a woman’s behavior change so radically during marriage that her husband no longer knows her–or desires her? Is motherhood a romance-killer, or is that a convenient excuse for men as they set their sights on the new target? And do we care that women still raising children have a narrower window of opportunity – with time and timing not in their favor, especially over 40? Is it motherhood that ruins us for some husbands, and just age for others? Is it too much emphasis on parenting, and not enough on coupling? Is it growing distance, independence, toilet seats and toothpaste caps, or is monogamy the problem? Are first wives disposable, no matter what we do? If that’s the case, then what are we teaching our children about the value of women, much less marriage? It may be time to trot out Revenge of the First Wives – complete with a reunion tour for Bette, Goldie, and Diane. But in lieu of that, maybe we float the idea that there is no natural order of things. It’s up to us to construct our own, and find a way to make it stick.

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British Prime Minister David Cameron is calling some unusual characters on the carpet for the violence that rocked England this week: Twitter, Facebook and Blackberry. In fact, social media played such a key role in the unrest that Cameron is considering blocking users from the systems to prevent violence in…

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Quantum Phantom prototype lets you control your computer screen with a webcam (video)

A guy named Ben Wu sent us this video recently and it sort of blew our minds. Wu, an engineer and self-described dreamer, has spent the past year developing a program he calls Quantum Phantom — an Iron Man -inspired system that allows users to control a computer’s cursor using only an ordinary webcam . With his Windows software onboard, Wu can draw, write and move onscreen icons or widgets, simply by waving his camera in front of a set of dual monitors. The prototype is even sophisticated enough to recognize his own webcam-produced handwriting and automatically convert it to rich text. In most cases, the sensor relies upon an ordinary cursor to navigate a screen, but Wu has also developed a pointer-free solution, as demonstrated toward the end of the above, three-part video. Be sure to check it out for yourself and get lost in the magic. [Thanks, Ben] Quantum Phantom prototype lets you control your computer screen with a webcam (video) originally appeared on Engadget on Fri, 12 Aug 2011 08:53:00 EDT. Please see our terms for use of feeds . Permalink

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