Archive for July, 2012

Should Congress have the power to audit the Fed?

Jul 31 2012 Published by under General Interest

Federal Reserve Chairman Ben Bernanke appears before the House Financial Services Committee to deliver his twice-a-year report to Congress on the state of the economy, Wednesday, July 18, 2012. Bernanke sketched a bleak picture of the U.S. economy yesterday at the Senate Banking Committee warning it will darken further if Congress doesn't reach agreement soon to avert a budget crisis. (AP Photo/J. Scott Applewhite)It is often said that the Chairman of the Federal Reserve is the second most powerful person in the world, with unrivaled influence and clout domestically and abroad.


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    Seiko Epson to pay Motorola $150 million to settle LCD dispute

    Jul 31 2012 Published by under General Interest

    Signage for Motorola is displayed outside their office building in Tempe, ArizonaTOKYO (Reuters) – Japan's Seiko Epson Corp said on Tuesday it has agreed to pay Motorola Mobility LLC $150 million to settle a civil lawsuit over pricing of liquid crystal displays. The Japanese printer manufacturer will post an extraordinary loss of 13 billion yen ($166.26 million) in its earnings for the April-June quarter, covering the settlement and costs from other suits. ($1 = 78.1900 Japanese yen) (Reporting by Miki Kayaoka; Editing by Michael Watson)


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      Jury selected in Apple, Samsung patent trial

      Jul 31 2012 Published by under General Interest

      An employee of South Korean mobile carrier KT holds an Apple Inc's iPhone 4 smartphone and a Samsung Electronics' Galaxy S II smartphone as he poses for photographs at a registration desk at KT's headquarters in SeoulSAN JOSE, California (Reuters) – An insurance agent, an unemployed video game enthusiast and a project manager for wireless carrier AT&T were among the 10 jurors selected to decide a high-stakes U.S. patent battle between Apple Inc and Samsung Electronics Co Ltd, with billions of dollars in the balance. U.S. District Judge Lucy Koh on Monday spent several hours examining jurors about their backgrounds and biases, as the companies began the trial after more than a year of pretrial jousting. Opening statements by the lawyers are expected to begin on Tuesday. …


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        HTC shutters Seoul office as Apple, Samsung continue to dominate

        Jul 31 2012 Published by under General Interest

        HTC shutters Seoul office as Apple, Samsung continue to dominateStruggling smartphone maker HTC (2498) on Monday said that it has closed its offices in the South Korean capitol of Seoul. IDG News Service confirmed the news with the Taiwan-based company, which as seen smartphone sales slow significantly after an impressive run in mid-2011 helped the firm report record revenue for six consecutive months. That run came to an abrupt end in October following the launch of Apple’s (AAPL) iPhone 4S, and HTC has been struggling ever since. HTC recently pulled out of the competitive Brazilian market, and it also closed a research facility in North Carolina in an effort to cut costs. Read


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          Samsung plots to conquer the Windows Phone 8 smartphone market as well

          Jul 31 2012 Published by under General Interest

          Samsung plots to conquer the Windows Phone 8 smartphone market as wellSamsung (005930) apparently isn’t satisfied with being the current undisputed champ of Android smartphones. As The Verge reports, it seems that Samsung has its eye on creating some high-end Windows Phone 8 devices as well. According to court documents filed during the Samsung-Apple mega-trial last week, Samsung is developing two Windows Phone 8-based smartphones codenamed “Macro” and “Odyssey” that both feature 1.5GHz dual-core processors, 4G LTE connectivity and Super AMOLED displays. The Odyssey is the fancier phone of the two with its 8-megapixel camera, NFC connectivity and 4.65-inch display, while the Macro features a 5-megapixel camera and a 4-inch screen. Read


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            Jury picked in blockbuster Apple-Samsung case

            Jul 31 2012 Published by under General Interest

            Individuals line up to watch Apple and Samsung face each other in federal district courtA 10-member jury was chosen Monday to hear the Silicon Valley blockbuster trial with Apple and Samsung battling over patent infringement for hot-selling smartphones and tablet computers.


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              Making maki at home gets exciting with the Sushi Bazooka

              Jul 31 2012 Published by under General Interest

              Cooking enthusiasts have lots of drool-worthy gadgets to make cooking healthier and easier, but this is certainly one of the strangest. It’s a Sushi Bazooka, sold by Strapya World of Japan. For 2,000 yen, or about $25.50, you can be … Continue reading →

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                Eye injection gives a blind mouse the ability to see

                Jul 31 2012 Published by under General Interest

                Losing the use of your eyes via retinitis pigmentosa or macular degeneration — diseases that effect your ability to sense light — can be absolutely traumatizing. But thanks to new research on lab mice, these types of blindness may soon be reversible through … Continue reading →

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                  NBC says viewers are at fault for quality problems in online Olympics coverage

                  Jul 31 2012 Published by under General Interest

                  NBC made waves with the announcement that it would offer livestreams of all events during the 2012 Olympics. However, now that the London games are here, many viewers have complained about problems with the online broadcasts, noting that the video has … Continue reading →

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                    Mountain Lion is Apple’s most successful OS X release to date

                    Jul 31 2012 Published by under General Interest

                    If you haven’t upgraded your Mac to Mountain Lion yet, don’t be surprised if you find yourself the only one who hasn’t done so among your Mac-using friends. In a statement released today, Apple revealed that three million copies of … Continue reading →

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