Obama: Too much debt could fuel double-dip recession

November 18th, 2009

BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

His administration was considering ways to accelerate economic growth, with tax measures among the options to give companies incentives to hire, Obama said in the interview with Fox conducted in Beijing during his nine-day trip to Asia.

“It is important though to recognize if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession,” he said.

Fox News, which released a transcript of the interview, showed that comment by Obama on Wednesday morning and said the full discussion would be broadcast later in the day. (Reporting by Caren Bohan; Editing by John O’Callaghan)

© Thomson Reuters 2009 All rights reserved

Credit Due: http://www.reuters.com/article/marketsNews/idUSN188108620091118

Google to Demonstrate Chrome OS in Thursday Event

November 18th, 2009

By Brian X. Chen

Google plans to host an event on Thursday morning to provide an overview of Chrome OS, its upcoming PC operating system.

Google announced Chrome OS in July, 2009 without disclosing many details about the operating system. What’s known is that Chrome will be a lightweight, open-source, Linux-based OS with a strong focus on web surfing using the Google Chrome browser. Applications will run mostly inside the browser, which in effect turns the web into the platform. The Chrome OS will initially be targeted at netbooks — low-powered, miniature notebooks, Google said in July.

Still, we have yet to see any official visuals of the OS, and thus far the media has only speculated about Chrome’s potential. Google has said Thursday’s event will give a “complete overview” of the OS with technical background and demonstrations.

Some questions to ponder on before Thursday’s event:

  • Will Google indeed proceed with plans to target the Chrome OS at netbooks? Compared to 2008, this year’s netbook shipments are slowing down, and the miniature devices are proving to be a recession-driven fad. Why target the OS at a played-out product category?
  • What apps does Google have in store to launch with the OS? The success of a platform’s launch, after all, is largely determined by its initial software offerings.
  • Will all apps be web-based, or will the OS support native programs as well? Apple’s first-generation iPhone supported web-based apps, and the company was roundly criticized for not providing access to the device’s native APIs until a year later.
  • When can we have the OS? Since Chrome is open source, we can expect that having the OS will be as easy as downloading and installing it onto our PCs. Google hasn’t provided a time frame of when we can expect the OS, but hopefully Thursday will provide an official launch date.

Have any more questions? Post them in the comments below. Wired.com will be attending the event to try to get your questions answered.

Via TechCrunch

Microsoft Office 2010: An Intriguing Beta

November 18th, 2009

The revised productivity suite brings interface tweaks, modest but useful desktop innovations, and integration with minimalist Web apps.

Yardena Arar, PC World

With the release of the Office 2010 beta, the general public finally gets to check out how Microsoft plans to deliver on its promises for the next edition of its flagship productivity suite–namely, close integration with lightweight Web versions of core apps (Excel and PowerPoint Web are the first to debut for consumers via Windows Live, with Word and OneNote available only in the business-oriented SharePoint 2010 server beta), better multimedia support, a subtle interface refresh, and a slew of features designed to make document creation and sharing easier. But there’s some news too, most notably support within Outlook for tracking feeds from social networks.

Suitewide, the most immediately apparent change is the departure of the round Office button that brought up commands for saving and printing documents as well as for changing application-specific settings. Instead, Microsoft returns to a familiar menu convention: a File tab that brings up a full screen of commands and information. Microsoft calls this screen the Backstage View.

The left navigation bar in Backstage View holds many of the commands, but most of the real estate is devoted to big panes filled with document-specific items such as editing permissions, links to autosaved versions, file size, and even a thumbnail. (Businesses can customize Backstage View to integrate their workflow processes.) It’s a nice idea in many ways–the ability to return to previous unsaved versions is especially good–but it can also be a bit disconcerting since you completely lose sight of the original document (except for the tiny thumbnail).

One of the cooler suitewide tweaks affects a simple task that most people perform every day: cutting and pasting text. Having observed that in many instances users immediately undo their paste, Microsoft engineers have added a paste-preview feature that lets you see the results before you commit (similar to the mouse-over previews of font changes and other edits available in the ribbon). You even get to choose between previews that apply different formatting options, either maintaining source formatting, merging with destination formatting, or removing all formatting.

Improved picture-editing tools allow you to preview and apply cropping (and many new adjustments and effects) on the fly as you insert images into Office documents.

The ribbon interface introduced in the key Office 2007 apps goes suitewide in Office 2010, with more contextual changes. Application icons are chunkier and restricted to one letter, which invites confusion in the case of PowerPoint and Publisher, and bemusement in the case of Outlook and OneNote (the latter’s icon is the letter N, one leg of which looks like a 1).

Other interface changes include a new color scheme, with classy muted grays that make the sky blues of past editions seem almost boisterous, and an orange logo instead of the multicolored one of years past.

Continue Reading the Rest of the article here…

Facebook Aims for PS3, While Twitter Taps Xbox

November 13th, 2009

Dave Rudden, GamePro

After giving many of its users an early look at the new Xbox 360 feature, Microsoft has announced (via Major Nelson) that it will be officially rolling out its latest Dashboard update, which includes Twitter, Facebook, and Last.fm.

You can check out my in-depth impressions of the update here.

Meanwhile, Eurogamer has received confirmation from Sony that recently leaked images of a customized PlayStation 3 version of Facebook (found by Scrawl) are indeed legitimate. While the PS3 is already capable of viewing Facebook through its web browser, this will hopefully allow for quicker and more user-friendly access to the popular social networking site.

SHOCKING UPDATE! (not) Balloon boy parents to plead guilty to charges of fabricating incident

November 12th, 2009

Minneapolis Airlines/Airport Examiner Marc Friedman

baloon_boyWell, well, well. What do we have here? The parents of balloon boy Falcon Heene have decided to plead guilty to charges of attempting to influence a public servant, a felony, and false reporting to authorities. They are expected to face nothing more than probation by making the guilty plea, which is hard to believe after such an incredible amount of hysteria was caused, as well as media hype and wasting of huge amounts of public resources in the search for the “missing” boy. The most serious of the charges could have led to a maximum six-year prison sentence, so how such a plea bargain was arrived at with prosecutors is hard to fathom.

What I’m hearing is that you can hide your kid in the attic, tell the police that he has flown off in a hot air balloon, watch sherriff’s helicopters and squad cars chase the balloon, necessitate flights at Denver International being routed away from the area and then you continue to insist that this really happened…and pretty much get away with it? In fact, if Falcon Heene, the youngster, didn’t say on national television that this was “all for the show” then who knows how much longer these lunatic parents would have been in the national limelight?

C’mon now…..they have to pay some sort of price with prison time and community service. And should parents be allowed to raise children in this crazy environment? What will they do next? To add insult to injury the mother, Mayumi Heene is apparently an illegal immigrant, so their lawyer is doing what he can to help them retain custody of the three children and keep her in the U.S. rather than be deported.

Obviously, to be continued…..

UPDATED INFORMATION: Police investigators say that they hope to soon question an associate of Richard Heene, father of the Balloon Boy, after e-mails surfaced indicating that the apparent hoax was discussed by the two men months ago. Heene indicated he planned a media event to help promote a reality show. While Heene’s attorney said today that his client is “absolutely innocent”, Denver resident Robert Thomas apparently has sold e-mail between him and Richard Heene to gawker.com which will portray Falcon Heene’s dad as a mad scientist carrying out various experiments.

Thomas provided the website a proposal that said, “This will be the most significant UFO-related news event to take place since the Roswell crash of 1947, and the result will be a dramatic increase in local and national awareness about the Heene Family, our Reality Series, as well as the UFO phenomenom in general”. (Check back for more updates as this story continues to evolve.)

Police in Fort Collins, Colorado have determined that last week’s media frenzy over a helium balloon that authorities initially feared carried a six-year-old boy was actually a concocted plan by the parent’s of the boy to gain attention. Various charges are pending that could send the parents to jail for several years and/or fine them up to half a million dollars.The balloon chase last Thursday included military helicopters and dozens of law enforcement vehicles.

Up until the time that Falcon Heene, the youngster who police initially thought had floated away in his family’s home made balloon, told CNN’s Wolf Blitzer that his dad said ” we did this all for the show”, it was believed that the incident was really a case of a missing child. Everyone was overwhelmingly relieved when Falcon was found hiding in the attic above the garage at home. He said that he hid because he felt he would get in trouble with his parents for allowing the tethered balloon to take flight.

Yesterday, Sheriff Jim Alderden said that the parents, Richard and Mayumi Heene had planned last Thursday’s escapade for at least two weeks as they sought to create a television reality show about them. The family was featured in a segment of ABC’s “Wife Swap” and had met in acting school.

The sheriff will recommending that criminal charges of conspiracy, contributing to the delinquency of a minor, attempting to influence a public servant and making a false report be filed against the couple. While Falcon and his two older brothers were “100% involved”, it is unlikely that they will be charged.

The Heene’s describe themselves as stormchasers, but in reality Richard Heene has a high school education and lays tile as a contract employee. He maintains a “nutty professor” image on the outside but according to the sheriff “he may be nutty, but he’s not a professor.”

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