Monday, June 18, 2012

Linus Torvalds: 'NVIDIA is the worst we've ever dealt with' (video)

Linus Torvalds ''NVIDIA is the worst we've ever dealt with'

Fresh from receiving technology prize plaudits, Linux creator Torvalds is still telling it how it is. In a recent Q&A session at Aalto University in Finland, he said that NVIDIA was "single worst company we've ever dealt with," responding to an audience member's question on her Optimus-powered laptop and its lack of Linux support. While she was finally able to get it working on her machine through some GitHub help, Torvalds was unequivocal about his thoughts on NVIDIA. Throwing in a middle-finger gesture to the camera, he was particularly irritated with the fact that the chipmaker's own Tegra range were faring so well on the wave of Android devices currently hitting stores, as Google's mobile OS itself came from a strong Linux background. Aside from hardware manufacturer gripes, Torvalds goes on to discuss his work with open source development in greater detail -- the full talk is right after the break. You can jump through to the 49th minute mark to hear the Linux founder's complaints, but be warned, family readership -- he drops the f-bomb.

Continue reading Linus Torvalds: 'NVIDIA is the worst we've ever dealt with' (video)

Linus Torvalds: 'NVIDIA is the worst we've ever dealt with' (video) originally appeared on Engadget on Mon, 18 Jun 2012 06:37:00 EDT. Please see our terms for use of feeds.

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Euro crisis far from over, stock analysts warn

An man tries to find a polling station during the elections in Thessaloniki, Sunday, June 17, 2012. Greeks voted Sunday for the second time in six weeks in what was arguably their country's most critical election in 40 years, with the country's treasured place within the European Union's joint currency in the balance. (AP Photo/Dimitri Messinis)

An man tries to find a polling station during the elections in Thessaloniki, Sunday, June 17, 2012. Greeks voted Sunday for the second time in six weeks in what was arguably their country's most critical election in 40 years, with the country's treasured place within the European Union's joint currency in the balance. (AP Photo/Dimitri Messinis)

Head of Greece's radical left-wing Syriza party Alexis Tsipras casts his ballot at a voting center in Athens, Sunday, June 17, 2012. Greeks voted Sunday for the second time in six weeks in what was arguably their country's most critical election in 40 years, with the country's treasured place within the European Union's joint currency in the balance. (AP Photo/Petros Karadjias)

A woman arranges ballot papers at a polling station in Athens, on Sunday, June 17 2012. Greeks voted Sunday for the second time in six weeks in what was arguably their country's most critical election in 40-years, with the country's treasured place within the European Union's joint currency in the balance. (AP Photo/Kostas Tsironis)

(AP) ? A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil.

But when it comes to Greek politics ? and European economic policy ? it's never that easy. So the bumpy ride for financial markets isn't over yet.

The conservative New Democracy party, which supports a bailout agreement Greece agreed to earlier this year, appeared to win enough votes Sunday to form a ruling coalition with another pro-bailout party.

The result forestalled what financial analysts had most feared ? a victory for Syriza, a leftist party that objects to the bailout terms. That could have sped Greece toward an exit from the euro and the world economy toward an unpredictable shock.

Dow Jones industrial average futures were up 34 points early Monday morning, suggesting the market could open higher. But analysts cautioned that any surge is likely to be brief. Asian stock markets rallied Monday, with Japan's Nikkei 225 stock average up 1.8 percent. The euro rose to $1.2686 from $1.2637 late Friday in New York.

Neil MacKinnon, global macro strategist at the investment bank VTB Capital, told his clients that the election result, combined with a Federal Reserve meeting this week at which investors hope for measures to stimulate the U.S. economy, could lift stocks.

MacKinnon cautioned, however, that there are still too many problems in Europe, particularly in Spain, plus evidence that the global economy is cooling, to justify a celebration.

"I think investors should treat any sort of knee-jerk rally with caution," MacKinnon said in an interview.

Investors learned that lesson last week. On June 9, European countries agreed to lend Spain up to $125 billion to save its banks. That was a Saturday. On Monday, the Dow Jones industrial average opened up almost 100 points but closed down 142.

Borrowing costs for the Spanish government crept closer to 7 percent, the level beyond which economists say countries can no longer finance their debt, throughout the week. They also inched higher for Italy. Those countries have the fourth- and third-largest economies among the 17 countries that use the euro.

So when stock and bond markets open around the world on Monday, a Greek doomsday will have been avoided, but there will still be plenty for investors to fret about.

"How long is it going to take for people to worry about Spain again?" wondered Peter Schiff of the brokerage Euro Pacific Capital.

The next two weeks could prove critical if any grand solution to the crisis is to be achieved. The leaders of the world's 20 largest economies gather Monday in Los Cabos, Mexico, for a summit, with Europe sure to be a major point of discussion.

And on June 28 and 29, leaders of the 27 member countries of the European Union will hold perhaps the most important meeting since the body was created two decades ago.

"This crisis is not over," said John Silvia, chief economist at Wells Fargo. "The crisis will wax and wane for years. Maybe it will wane for the time being."

For that matter, the problems of Greece are far from solved.

The rest of Europe will "lean over backward" to support a coalition led by New Democracy, said Douglas Elliott, a fellow in economic studies at the Brookings Institution.

The Socialist party of French President Francois Hollande also swept that country's parliamentary election Sunday, another victory for European unity.

Polls have shown that Greeks overwhelmingly want to stay in the euro and avoid a return to Greece's old currency, the drachma, which would sink in value immediately against the euro. Greece relies heavily on imports, so costs would rise sharply and living standards sink further.

But Greeks remain outraged by the public spending cuts demanded by European neighbors, notably Germany, in exchange for a total of $300 billion in bailout loans. Greek unemployment is almost 22 percent.

Syriza, the anti-bailout party, signaled on Sunday that it wants no part of a coalition government. And while New Democracy and Pasok, another pro-bailout party, have enough seats to form one, it could disintegrate quickly.

Greek politics has become extreme and fractious, MacKinnon said, and it is not clear whether a new administration in Greece could implement the wishes of its lenders, the EU and the International Monetary Fund.

With most of the vote counted, official results showed New Democracy would win 30 percent of the vote and 130 of the 300 seats in Parliament. Syriza had 27 percent and 71 seats, and the pro-bailout PASOK party had 13 percent and 33 seats.

"Basically, all this does is keep the patient on life support, but doesn't resolve the basic problem," he said. "So whatever the reaction in the stock market in the next couple of days, I would say treat with caution."

One market strategist, Paul Christopher of Wells Fargo Advisors, said last week that a Syriza victory could have led to a 15 percent decline in the Standard & Poor's 500 index within weeks.

That is because no one is sure how bad a Greek exit from the euro would be. Greece would almost certainly default on its debt, triggering losses for European banks that own its government bonds.

The worst case envisions a worldwide lending freeze similar to what happened after the investment bank Lehman Brothers went under in September 2008, during the U.S. financial crisis.

That threat has been dodged at least for now. But another investment bank, RBC Capital Markets, warned its clients on Sunday afternoon that Europe still lacks a "grand solution" for its debt crisis, and that "domestic fixes will always disappoint."

Even if Europe finds an answer, investors have to contend with other big problems in the world economy. Job growth in the United States is slowing, and China's white-hot economic growth is cooling.

Central banks of countries around the world have signaled they are ready to step in if the international financial system comes under severe stress or if the world economy gets much worse.

That prospect was enough to trigger a 270-point rally in the Dow on Thursday and Friday. But the sentiment of stock analysts heading coming out of the weekend was still decidedly negative.

"I think investors can only end up being disappointed," MacKinnon said.

___

Joshua Freed reported from Minneapolis. AP Business Writer Christina Rexrode contributed to this report.

Associated Press

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Gold Is Still CHEAP-. Silver Is Even CHEAPER

June 18, 2012 (Investorideas.com Mining Newswire) Eric Muschinski,
editor of the Gold Investment Letter issues the following commentary for
investors following gold and mining stocks. Eric Muschinski has been
recommending gold and silver accumulation since 2003 to his clients.

FACT: Gold Is Still CHEAP. Silver Is Even CHEAPER

Eric Muschinski
http://www.goldinvestmentletter.com/
Millions will be made in gold and silver stocks in the coming years of this bull market. Will you participate and make a killing with our subscribers? My name is Eric Muschinski and I am the editor of the Gold Investment Letter. I welcome you to benefit from our research, contacts, and passion for profiting in the markets NOW. We will guide you to sit tight and buy near bottoms, while staying disciplined by taking profits to protect your principal and ensure maximizing your gains in this volatile gold bull market. I have been recommending to my clients and accumulating gold and silver since 2003. Frankly, the best is yet to come as the bull market enters its inevitable frenzy stage and gold/silver stocks make savvy investors rich (or richer!)!
Let the Gold Investment Letter help you maximize and protect your profits into the frenzy stage of this gold bull market.
Why the Gold Investment Letter? Read our bio here. The Gold Investment Letter will give you unbiased (we do not get paid by the companies we recommend), specific, and actionable recommendations on our favorite picks. We tend to prefer listed stocks that are not heavily promoted and will provide ample liquidity for our subscribers. So, register for our free e-letter, get our top pick, and get to know us at no risk to you!
Investorideas.com Newswire Subscribe to receive our top junior gold stock pick and bi-weekly updates on the market from " The Nation's Most Trusted Voice for Investment GOLD ."
For an update on our top Graphite stock click here!
http://www.goldinvestmentletter.com/zenyatta-buying-opportunity/
? 2012 Gold Investment Letter. All rights reserved
The editor of Gold Investment Letter, Eric Muschinski, who has been recommending gold and silver accumulation since 2003 to his clients, is Founder and CEO of Phenom Ventures LLC, President and Co-Founder of Investor Media Inc., and Co-Founder and Managing Member of Diadem Media Group. Eric has over 15 years of diverse experience in the capital markets. Initially as a general securities broker, and later becoming recognized as a specialist assisting the needs of high-net-worth investors, Eric focused his practice on alternative investments, including venture capital, private equity, and alternative investment management, exclusively for accredited investors and institutions.
Prior to Waveland Capital Partners where he worked from 2006-2011, Eric was Vice President and Co-Founder of GunnAllen Venture Partners where he worked with financial advisors to enhance their practice by understanding offerings and incorporating late-stage private equity and venture capital into their client services. Prior to GunnAllen, Eric served in the Private Client Group with McDonald Investments Inc., and another boutique investment bank headquartered in Chicago.
Eric specializes in alternative investment management, gold equities, hedge fund investing, private equity, equity trading/investing, gold/silver investing, business development, lead generation, and raising capital. Eric also educates sophisticated investors on how to invest in hedge funds and gain access and understanding into the burgeoning secondary market of pre-ipo private company investing. Eric studied Business Economics and Psychology at the University of Wisconsin-Whitewater while interning at both Piper Jaffray and Merrill Lynch.
875 North Michigan Avenue, Suite 3100 ? Chicago, IL 60611 ? See disclaimer at:
http://www.goldinvestmentletter.com/about/
Eric Muschinski, Editor
Gold Investment Letter
eric@investormediainc.com
Published at the Investorideas.com mining stocks newswire
Publish your news on the Investorideas.com Newswire
Disclaimer: Investorideas.com sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured companies, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp. The opinions expressed in this newsletter are not the opinions of Investorideas.com ? Investor Ideas is a publisher of this content only .
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

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Sunday, June 17, 2012

How To Avoid The Risk Of Operating In The Commercial Real Estate ...

The so-called commercial real estate (Business Real Estate), real estate products for commercial purposes in accordance with the end use of the real estate category, this type of real estate product development purposes that is not used for living or another, but for commercial use. A wide range of commercial real estate, including shopping malls (shopping centres, etc.), the professional market, entertainment, recreational places and all kinds of consumer sites, commercial property development and management. In comparison with the residential development, commercial real estate development project may have a higher return on investment and appreciation potential, but may also be lurking at greater risk. Pursue large-scale development, investment, return on commercial real estate development model, is the amplification of risk.

Commercial real estate development and general real estate development the biggest difference lies in the commercial real estate need to be considered a commercial operation. The healthy development of the commercial real estate market, you need a rational choice for investors, but also requires the development of rational development and commercial agent, commercial management companies mature operation to ensure By the large number of cases in the domestic commercial real estate development, we find that most development projects fail for the lack of commercial operation or prematurely. The risk of a variety of commercial real estate development, the most difficult to deal with the most prominent is the risk of commercial operation. However, commercial and real estate often or ?mismatch?, commercial real estate developers do not understand the commercial phenomenon of widespread commercial real estate investment project risk is great in this situation. Should co-ordinate the management of seeking to eliminate hidden dangers and ways to defuse the risk of commercial real estate. Commercial real estate development, we must guard against the risk of commercial operation can consider the following countermeasures strategy.

Commercial real estate development, the pursuit of present value, but the appreciation of the future, it is at this point to make it different from the usual sense of the real estate development. Commercial real estate development operation in accordance with the investment rely on the commercial operations to the value-added concept, not only prior to orientation, planning, positioning several stages in order to break ground, but also after the completion of construction works through a series of commercial operation of the real estate to obtain appreciation . Completion of the construction project is the new phase of commercial real estate development, not the end, makes the real estate business development and operation through the late to get appreciation, and further expand the scale of the development of the surrounding residential and other building facilities, developers and investors bring greater benefits. Real estate development, the lack of commercial development, or real estate development and commercial development and do not take the sector, this fault type of commercial real estate development is not only difficult to make real estate to get appreciation. The same time, because without the support of the commercial development of real estate development itself, it is difficult to be successful. Once developed, suffered losses, not just developers, investors and operators, and even spread to the financial institutions, and the formation of a difficult to solve the debt chain.

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New Motorola slider for Sprint surfaces with Android 4.0, many mysteries

New Motorola slider with Android 40 surfaces with Sprint clues, many mysteries

Two can play at the leaked Android slider phone game: just hours after Samsung and T-Mobile had their time to play, a more than slightly enigmatic Motorola QWERTY slider has popped up at the Android Central forums. What looks at first like a Droid 4 with the edges rounded off instead looks to be a completely new creation that has the same buttonless front face plus Android 4.0 combo as the rumored Droid RAZR HD. Other than a Sprint Music app icon giving away the phone's ultimate destination, though, we know little else about what the design will entail. It's logical to imagine Sprint wanting LTE and at least a qHD (540 x 960) screen, however. The tipster didn't give a clue as to when Motorola's device would officially join the ranks -- not to mention any device names -- but we'd say that the lack of any QWERTY phone on the soon-to-launch Sprint LTE network might serve as a strong incentive for both the carrier and Motorola to get cracking.

New Motorola slider for Sprint surfaces with Android 4.0, many mysteries originally appeared on Engadget on Sat, 16 Jun 2012 18:20:00 EDT. Please see our terms for use of feeds.

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Armored car heist leaves four dead at Canadian university

An armored car robbery at a university campus in Edmonton, Canada, has left three security guards dead and one in critical condition.

The suspects fled and remain at large.

The attempted robbery happened just before midnight on Friday morning near a student residence at the University of Alberta.

Police were still searching for suspects, but later found an abandoned vehicle from G4S Security running, with its lights on, the National Post reported.

"The university was quickly put into lockdown, it has its own protocols and it remains in lockdown now. It?s a crime scene so students are required to stay remain in their dorms," police spokesman Scott Pattison told the Post.

The deceased are two men and one woman from G4S, The Globe and Mail reported.

"Tonight, a friend and I discovered 3 shot security guards. Two were dead, one was screaming for us to help him. Worst night ever," Sapphira Nuttall, a student and volunteer with Safewalk, wrote on Twitter.

The Edmonton Journal reported that witnesses heard loud bangs like firecrackers and saw armed tactical police near the residence.

The University of Alberta posted an alert on its website early Friday morning that the shooting involved an armored car.

"Armored car robbery on campus in HUB Mall. Edmonton Police are on scene. Exams and other university operations are proceeding as regularly scheduled," read the notice on the school's website.

The Canadian Press reported that no students were involved in the incident.

The shootings occurred at the Hub Mall, a student residence and shopping mall that houses over 800 students and over 50 stores.

The robbery happened around a cluster of bank machines.

One anonymous source told the Globe it was a "perfect kill zone."

More from GlobalPost: 'Snow globe' of cash rains from armored car

http://www.globalpost.com/dispatch/news/regions/americas/canada/120615/armored-car-heist-leaves-four-dead-at-canadian-universi

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Saturday, June 16, 2012

Ambrose takes Sprint Cup pole at over 203 mph

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