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Ballooning entitlements threaten to push the national debt bigger than the entire US economy by 2021, and twice that size within 25 years, according to a pessimistic Congressional Budget Office report. “The health care programs are the main drivers of that growth,” wrote the CBO. But with Democrats refusing to…

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Nokia Windows Phone Photo Leaked

Photos have emerged online of what looks like Nokia’s first Windows phone. WinRumours reports on what looks like a Nokia N9 running the Windows Phone 7 mobile operating system. The device appears identical to the Nokia N9 which was announced recently and is powered by MeeGo. It’s thought that the official launch of Nokia’s Windows Broadcasting platform : YouTube Source : The Next Web Discovery Date : 23/06/2011 14:41 Number of articles : 5

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World stock markets suffer heavy losses

Poor economic news from US, China, UK and eurozone push shares down sharply, while $8 is wiped off oil price World stock markets suffered another bout of heavy losses on Thursday, driven down by fears over the eurozone debt crisis and fresh evidence that global economic growth is faltering. A flood of poor economic news from the US, China, the UK and the eurozone helped to push shares down sharply, and send the euro to record lows. The oil price also slumped, wiping more than $8 off the cost of a barrel of Brent crude at one point, as extra supplies were released in an effort to prevent the world economy stagnating. In London the FTSE 100 shed more than 100 points in afternoon trading to 5666, a fall of more than 1.7%. Wall Street also saw early losses, with the Dow Jones losing 1.8% when trading began to 11,889 points. Across Europe, equity markets were also in retreat as European leaders met in Brussels to discuss creating a new rescue package for Greece. Ben Bernanke, chairman of the Federal Reserve, set the early direction with his warning on Wednesday night that the US economy would grow more slowly than expected in 2011 , and again next year. Jean-Claude Trichet, head of the European Central Bank, raised the stakes by warning that risk signals for financial stability across the eurozone were flashing “red”. “Everyone is running away from any sort of risk today,” explained David Jones, chief market strategist at IG Index. “The big cloud is Greece, but every day something else comes along [to knock confidence].” Reports from America that talks to raise the US debt ceiling had collapsed also alarmed traders. The euro lost nearly two cents against the dollar, touching a low of $1.4133. The pound also took a pummelling in the foreign exchange markets, falling by more than one cent against the dollar to $1.594. Economists said that the minutes of the Bank of England’s last meeting, released on Wednesday, had shown that Threadneedle Street was taking a more dovish approach to monetary policy. UK interest rates may now not rise until 2012. The weak state of the UK economy was highlighted by the CBI’s monthly snapshot of the retail sector. For the first time since June 2010, more retailers said that business was deteriorating than those who said it was improving . “After a year of growth, high street sales volumes fizzled out in June,” said Judith McKenna, chair of the CBI’s distributive trades panel. “Consumers are really feeling the pinch as disposable incomes continue to be squeezed by rising prices and weak earnings growth.” In America, the number of new jobless claims rose by 9,000 to 429,000, confounding expectations of a weekly fall to 415,000. China reported that its manufacturing output has barely grown so far in June, an indication that economic growth may have slowed significantly in recent weeks. This was followed by data from the eurozone, where manufacturing and services output slowing sharply to a 20-month low in June. “Tighter fiscal policy is increasingly kicking in across the region, the ECB has started raising interest rates and sovereign debt tensions have intensified, centred on Greece’s woes,” said Howard Archer of IHS Global Insight. The oil price fell after the International Energy Agency announced that it would release 60m barrels of oil on to the market, at a rate of 2m barrels per day. The move was criticised by members of the Opec cartel, who called the move unjustifiable. The cost of a barrel of Brent crude fell as low as $105.72, down more than $8, while US crude dropped to $90 a barrel. Global economy Economics Stock markets Oil Commodities United States FTSE Graeme Wearden guardian.co.uk

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FBI Nabs Wanted Boston Mob Boss in California

Federal officials in Boston say a tip led the FBI to begin surveillance on former mob boss James “Whitey” Bulger’s apartment in Santa Monica, Calif., Wednesday afternoon. (June 23)

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More on Potter From JK Rowling

‘Harry Potter’ author, JK Rowling, announced the launch of new content website ‘Pottermore’ in London; she also revealed that her seven Potter novels will be sold as e-books starting in October. (June 23)

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MRC Study: Networks Found Twice as Much Intensity for GOP Foley Scandal in 2006 Than Weinergate In 2011

As much as liberals might complain the Anthony Weiner scandal was some sort of feeding frenzy, the networks did not attack it, especially the evening news. They seemed to agree with just-departed CBS anchor Katie Couric, who asked on Twitter: “I’m curious if anybody thinks this Anthony Weiner Twitter scandal is a legit news story or just fodder for late-night comedians.” That’s not the way the networks acted in the fall of 2006, when the MRC demonstrated a real feeding frenzy in the case of Republican Rep. Mark Foley, who quickly resigned after ABC’s Brian Ross reported he’d sent lewd AOL instant messages to former congressional pages. In the first 12 days of that story, the networks “flooded the zone” with 152 stories (55 evening stories and 97 morning stories or segments). By contrast, Democrat Weiner’s weeks of trying to avoid resignation didn’t draw a similar flood. In the first 12 days of the Weiner scandal (from May 29 through June 9), the networks filed only 56 stories (just 11 in the evening, 45 in the morning). This includes partial stories, like Brian Williams introducing the scandal in a disdainful 20-second brief near the end of the June 3 newscast, in the midst of a news potpourri from politics to actresses who’d died. Williams lamented it was “the kind of thing that used to be people’s own business.” Williams did find what he thought was a real scandal on June 2: Republican Gov. Chris Christie of New Jersey taking a helicopter flight to his son’s soccer game. Before Weiner declared on the afternoon of June 6 that he’d lied in denying the story that he sent lewd Twitter messages to young women, the networks had aired an even smaller sample: one evening news story each (counting NBC’s Williams brief) and 13 morning stories. By the time Weiner resigned on the afternoon of June 16 (after 19 days), the overall number still didn’t quite match our Foley number: 113 (21 evening stories and 92 in the morning.) In fact, MRC analysts found the networks were twice as intense on the Foley story, long after he resigned (152 stories in 12 days is more than 12.6 stories per day) than on the entire Weiner scandal up to the resignation speech (113 stories in 19 days is less than six stories per day). The evening-news producers were noticeably allergic. Four of NBC’s eight updates were the Williams 20-second brief, two occasions on which Lester Holt asked one Weiner question to David Gregory, and a 66-second update from Kelly O’Donnell. CBS only aired five evening stories, and in Scott Pelley’s debut on June 6, he delayed Weiner’s admission of guilt until minute 12. NBC’s Today led the morning shows with 41 segments. CBS aired 29, and ABC lagged in third with 22. The tone of stories in both scandals matched a supportive tone for liberal Democrats. In the Foley case, it was doom from day one. Early on, CBS analyst Gloria Borger told Couric: “One senior House Republican tells CBS News that this scandal could be the congressional equivalent of [Hurricane] Katrina.” But with Weiner, the networks avoided spreading the story to other Democrats, and talked damage control for Weiner. On NBC’s Today June 2, Meredith Vieira insisted Weiner “is a rising star in this state” and wondered “how does he get ahead of this story again or get it behind him?” When Weiner admitted on June 6 that he’d sent the lewd photos on the Internet, CBS reporter Nancy Cordes worried out loud that Weiner was a vital voice tugging at Obama from the left, and “it’s unclear how well he’s really going to be able to perform that role now, a role that even the President has said is very important.” But when the story deepened, with Weiner swapping online messages with a 17-year-old girl and sending semi-nude pictures from the House gym, the Democrats turned. DNC chair Debbie Wasserman-Schultz and House Minority Leader Nancy Pelosi said Weiner had to go. In sync, the network tone changed. ABC Good Morning America co-host Robin Roberts began on June 13: “New pictures emerge of Anthony Weiner, this time snapped in the congressional locker room. As he begins treatment at a secret location this morning, will he now accept that his career is finished?” That same morning on NBC, Today co-host Matt Lauer began: “Drip, drip, drip. New photos emerge of a shirtless Congressman Anthony Weiner taken in the House gym, as calls for him to resign grow louder. Will these latest pictures be the final straw?” These two congressional non-sex scandals underline how politicians know the media is liberal. Mark Foley resigned immediately, no doubt in part because he knew the national media exposed him and would eventually drive him out. Anthony Weiner tried to negotiate around the media, since the New Media exposed him and he suspected that if Democrats would let him stay, so would reporters.

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I dare anyone to watch this video and read the amazing story of Jose Antonio Vargas , Pulitzer-prize winning writer while at the Washington Post, and an undocumented immigrant who was sent here from the Philippines to the United States by his mother to make a better life. You cannot understand the shame or the fear these people endure because of decisions made when they were children and over which they had no control. Before he knew he was undocumented, he watched television shows to learn how to speak English without an accent, worked hard in school, earned his way to college and through college, and has established himself as a quality journalist in a time where we lack quality journalists. He pays taxes just like the rest of us. And he will be deported if Republicans have their way. It’s a stupid, idiotic political stance, this xenophobic Republican whitebread ideal. It ignores the fact that undocumented workers are the ones breaking their backs in the fields to pick the food that ends up in our supermarkets and fattens the corporate farmers’ profit margin. It ignores the fact that children of those undocumented workers actually go to school and actually learn something, because their parents have raised them to believe that if they work hard in school they can have a better life. How would it feel to have to write this as a truth you live with every day? There are believed to be 11 million undocumented immigrants in the United States. We’re not always who you think we are. Some pick your strawberries or care for your children. Some are in high school or college. And some, it turns out, write news articles you might read. I grew up here. This is my home. Yet even though I think of myself as an American and consider America my country, my country doesn’t think of me as one of its own. Ironically, Vargas’ hope of unraveling his immigration status came when Orrin Hatch and Dick Durbin introduced the original DREAM Act in 2002. I was hopeful. This was in early 2002, shortly after Senators Orrin Hatch, the Utah Republican, and Dick Durbin, the Illinois Democrat, introduced the Dream Act — Development, Relief and Education for Alien Minors. It seemed like the legislative version of what I’d told myself: If I work hard and contribute, things will work out. And here we are today in 2011, with wildly xenophobic Republican TeaBirchers waggling their finger and showing up on Fox News, wailing about “illegals” and ginning up fear and loathing. I challenge any of them to actually read Vargas’ story with an open mind, and stand in front of him and the countless others in his situation and tell them they aren’t welcome here. I’ll wait.

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A Utah man spent 16 hours holding a woman hostage in a motel room on the weekend—and made 15 new friends. Jason Valdez, 36, kept his Facebook page updated throughout the armed standoff with police, reports the New York Daily News . Some friends offered encouragement—and even advice on…

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Iphone 5

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Iphone 5

iPhone 5 News And iPad 2 News Enter your Email For FREE iPhone 5 iPhone 5 News And iPad 2 News I_aM_Pradeep says: RT @Next_Gadgets : iPhone 5 to Have a Dual LED Flash?: Single (Left) vs Dual (Correct) LED comparison with Nokia phones by Zomgit… http://bit.ly/k2giML

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Tokyoflash resurrects readable Rogue watch with combo LCD/LED display (video)

Tokyoflash is notorious for selling geek-friendly and borderline indecipherable timepieces but, not every watch the company hawks is unreadable. One of its more easily interpreted wrist clocks, the Rogue, has been resurrected with an always-on LCD display (a rarity from the shop) and a brightly colored LED backlight in your choice of red, green, blue, or orange. Like the RPM , the Rogue SR2 tells time with a series of unnumbered, inner and outer rings that represent hours and minutes — all you need to do is spot the gaps. Sure, it requires you fire a few more synapses than that cheap digital Casio you’ve been wearing, but think of it as mental exercise — it’s like wearing Brain Age on your wrist. You can order one now for $179 at the source, and don’t forget to head after the break for one more photo and a video demonstration. Continue reading Tokyoflash resurrects readable Rogue watch with combo LCD/LED display (video) Tokyoflash resurrects readable Rogue watch with combo LCD/LED display (video) originally appeared on Engadget on Thu, 23 Jun 2011 11:07:00 EDT. Please see our terms for use of feeds . Permalink

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