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Saturday, July 18, 2009

Hottest gadget

Google Sky Map

Google Sky Map

Google does more than just internet searches and email – it also has an impressive number of mapping tools, such as this one, which allows you to take a virtual tour of the solar system. By joining forces with astronomers at some of the world’s largest observatories, Google has created a superb rendering of the galaxy that can be explored on an Android-powered phone. Simply point the camera at the night sky and the application automatically identifies which stars are which. You can also search for specific stars and planets. Educational, addictive and free

Price: Free (google.com/sky/skymap.html).

Wednesday, July 15, 2009

Ten of the Most Audacious Swindles Ever

Hook, Line and Sinker:

Scam_2Ever since the invention of money there have been con artists out there ready to swindle the unwary out of their cash. Last year around 28 million Britons were targeted, according to the government, and £1 billion was lost in financial scams.

Fortunately, most victims suffer a greater dent to their pride than their bank balance. But some involve the loss of millions or even billions of pounds and cause real financial hardship. Here are ten of the most audacious financial swindles ever.

1. Dave Rhodes, whoever he or she may be, has a lot to answer for. His is the name at the top of the most famous chain letter in the world – which more often than not is sent by e-mail nowadays. The original letter titled “Make Money Fast” and signed by Rhodes began doing the rounds about 20 years ago. Who the original Dave Rhodes was, or if he even existed, has never been ascertained. (A website reputed to be by the original Dave Rhodes is thought to be a hoax.)

Recipients are usually told to send money to the first name or names on a mailing list and then copy the letter to hundreds of other addresses. In return, they are promised huge profits for their small investment. “It is an undeniable law of the universe,” goes one letter promising £40,000 in cash within the next 60 days, “that first we must give to receive. Do this with a big smile on your face because “as ye sew (sic), so shall ye reap.” If you say so.

2. Canadians are usually thought of as law-abiding and frankly boring souls. But they were implicated in one of the nastiest swindles of recent years – the Canadian lottery scam. This involved organised criminals telephoning unsuspecting Brits – often elderly people – claiming they had won a fortune on the Canadian lottery. To claim the prize you had to send money to cover processing fees. In some cases, victims lost more than £40,000.

Those targeted were often chosen because they appeared on “sucker lists” circulated among criminal gangs because they had fallen victim to similar cons in the past.

3. The notorious Women Empowering Women pyramid selling scheme made headline news in 2001 after it swept across the country and left people with heavy losses. The swindle claimed to have women’s interests at heart. “Our main goal is the empowerment of women by providing for them the financial and emotional abilities to support themselves, their loved ones and the community", claimed the schemes’ gushing mission statement.

The scheme encouraged women to sign up family and friends by promising that they would generate £24,000 for each person who invests a £3,000 stake. While a few profited, thousands lost their £3,000 'joining' fee. The scheme resurfaced in 2003, in a more exclusive mode, under the name Hearts, targeting well-heeled society figures including Lady Elizabeth Anson, the Queen’s cousin, and celebrities such as Cilla Black.The government has since attempted to outlaw such scams, but driven by greed, it can only be a matter of time before it rears its ugly head again.

4. Have you ever received an unsolicited e-mail claiming to be from the family of a dead Nigerian dictator or someone high up in that country’s civil service? They will almost certainly have desperately needed help getting the family’s millions out of the country (their bank accounts have been frozen, you see). Did they ask you to provide them with money and supply your bank account details to help them transfer money out of the country? Then you’ve been targeted by the infamous Nigerian “419” scam. In return for your help they promise a handsome reward: in reality they empty your bank account.

These 419 scams have been so widespread that some enterprising individuals have started to fight back by scamming the scammers with some very funny results. Check out 419eater.com or thescambaiter.com

5. They say love is blind, which is perhaps why fraudsters are increasingly targeting victims through online dating services. It’s the ideal time to catch you with your defences- and maybe even your pants - down. Malihu Ramu, a married Singaporean woman was sentenced to six months in jail earlier this year after conning a man in America out of $45,000 (£22,000) after she promised to marry him.

Ramu used a false name and photographs of Bollywood actress Gayatri Joshi on an online chat room to seduce her prey. Using all the arts of seduction, she asked for the money to cover her mother's funeral expenses and for a friend's wedding. It was only when she asked him for more cash that his suspicions were aroused and he called in the police. To find out more take a look at romancescam.com.

6. One of the most popular scams is the pyramid scheme, and in 1920 trickster Charles Ponzi gave his name to the granddaddy of them all – the Ponzi scam. Ponzi raked in millions of dollars from Americans who were taken in by his promise to double their money in 90 days by trading hoax postal coupons. About 40,000 people invested about $15m (£7m) all together – which is worth about $150m in today’s money.

Returns were paid to the first investors out of the funds received from those who invested later – with Ponzi siphoning off a large chunk of the cash for himself. The simple arithmetic of the scheme meant that soon thousands and then millions of people were needed to keep passing money up through the pyramid chain. The scheme collapsed, Ponzi ended up in jail and the swindled investors got back only about a third of their funds, but it hasn’t stopped it being replicated thousands of times since.

7. Millions of Albanians lost their life savings in what must the most damaging pyramid selling trick ever: it caused rioting in the streets, brought down the government and sparked a near civil war in this desperately poor Balkan state in south-west Europe. About two-thirds of the population of the former Communist dictatorship were duped by a series of these schemes in the 1990s, which initially received the support of the government.

Thousands sold their houses and farmers flogged their livestock to invest in them, entranced by the promise of huge riches- more than 100 per cent a year at the peak of the mania. The dream didn’t last and the schemes crumbled leaving many Albanians penniless while thousands died in the ensuing violence.

8. Most con men are shady characters who try to keep a low profile, but they don’t always hide from the public gaze. The Barlow Clowes affair is one of Britain’s most notorious frauds. In the eighties, the firm attracted the savings of 18,000 private investors who believed they were putting their money into risk-free government bonds. In fact, hundreds of millions of pounds of this money was being diverted into the bank account of co-founder Peter Clowes, who spent the cash on private aircraft, cars, homes and a luxury yacht. Barlow Clowes collapsed in 1988 after the con was uncovered.

9. Some con-artists really know how to tug on the heartstrings. Eugene and Kathryn Stabe were charged with swindling $13,000 out of people in their home town of Huntington Indiana by claiming their daughter was dying of leukaemia. They said they wanted to fulfil as many of her dreams as possible before she passed away and used the generous donations to take the whole family to Disney World in Florida. The child was in fact in perfect health.

10. It only had to be a matter of time before financial scams made it into the virtual word. Earlier this year, Ginko Financial, a bank in the life simulation game Second Life tempted customers with the promise of unrealistically high returns of 40 per cent to 60 per cent. It quickly collapsed leaving some people nursing large real life losses. Then another bank, imaginatively called “The Bank” became embroiled in another scandal after it stopped processing customer withdrawals and its owner “Jasper Tizzy” and his staff – Paydayloan Lindman and Teanna Nomura - disappeared In Second Life players use "Linden dollars", which are converted into and out of real cash using a special exchange. Some residents lost 2.5m Linden dollars when the bank went bust – that’s the equivalent of about £5,000.

Whether these were actual scams or business mistakes have yet to be ascertained. But with no official law and order in Second Life, one thing is guaranteed: investors can wave good bye to the money they have lost.

List compiled by David Budworth. (http://timesbusiness.typepad.com/money_weblog/2007/11/hook-line-and-s.html)

Times Money's top 10 investment gurus

Times Money's top 10 investment gurus

Buffett

Genuine stock market experts are a rare breed, and their investment thinking is never more valuable than when the financial world is in turmoil, as it is today.

So here at Times Money we have come up with a list of our top ten stock market gurus of all time.

1. Benjamin Graham

He is generally regarded as one of the most influential thinkers on investment management. His book, the Intelligent Investor, is still selling more than 50 years after he wrote it.

Mr Graham’s basic idea was that you should be looking to buy companies worth ten dollars a share for five dollars a share. The way you determined which companies were selling at way below their book value was to make a detailed study of their balance sheets. He believed in cautious investment following thorough analysis and abhorred ill-informed speculation.

2. Warren Buffett.

The ‘sage of Omaha’ has put his investment skills to good use and is now the world’s richest man. In the process he has made millionaires out of many of the shareholders in Berkshire Hathaway, his main investment vehicle.

Mr Buffett’s basic idea is that there are a handful of truly outstanding businesses around - and a lot of mediocre ones. The investor’s skill comes in identifying the rare great businesses and then in waiting for the moment when a great business is selling at a really attractive price. He is down to earth - he won’t invest in a business he doesn’t understand - and very patient. He is prepared to wait a long time for the right sort of company to turn up. As he would put it, he is like a baseball player who is ready to stand at the plate for ball after ball until he finds one he can hit into the stands.

3. Philip Fisher

Mr Fisher, the father of Ken Fisher, was a renowned growth investor who was a passionate exemplar of the "buy and hold" approach.

His main idea was that the best way to invest is to buy a limited number of outstanding stocks and simply hold them for years and years. If you have chosen the right stocks in the first place - and that’s obviously a big if - then their real quality will shine through over the long term.
He was very definitely not an in and out trader. As he put it: “If the job has been done correctly when a common stock is purchased, the time to sell it is - almost never.”

4. T Rowe Price

Mr Price shared the long-term perspective of investors such as Philip Fisher. He, too, believed in the virtues of "buy and hold" and practised them with a vengeance. In 1972, looking back at a portfolio he had started in the 1930s, he found that he had held a number of stocks, such as Merck, the pharmaceutical company, and Black & Decker, the household tool company, for more than 30 years. Over that time they had made him a lot of money.

5. John Templeton

Sir John, who died earlier this year, was a classic contrarian investor. He embodied the dictum : "Buy when others are frantically selling and sell when others are greedily buying". While others were looking for gems in a jewel shop, he would be looking for diamonds in a dustbin. He was quite happy to buy what others were throwing away and believed that the stocks offering the best value would be those that other investors had completely neglected.

His most celebrated coup came in 1939, just after war had broken out in Europe. He reasoned, correctly, that although the immediate outlook was bleak, the war would provide a massive boost to US industry. He instructed his broker to buy 100 dollars’ worth of every single Wall Street stock that was priced at a dollar or less. Within four years he had sold his unusual portfolio of stocks for four times its original value.

6. Mark Mobius

Dr Mobius is from the Templeton stable of investment managers and has become a specialist in emerging markets. He shares something of Mr Templeton’s contrarian style. As he puts it: “We seek out shares that other investors have rejected. We go where others fear to tread.”

But above all he is a value-based stockpicker. He focuses on putting together a portfolio of good quality stocks, irrespective of which country they are from. One of his great strengths is that he immerses himself in his subject, travelling tens of thousands of miles each year to visit companies and meet their managements. He says:, “At Templeton we like to get out from behind our desks. We are also active investors, ready to get alongside management and take a seat on the board.”

7. Anthony Bolton

Mr Bolton is perhaps the best known UK fund manager of recent years, though he has now stepped back from the hands on running of funds. Like Mark Mobius he is a contrarian investor, as he demonstrated recently by indicating that he was putting some of his own money into bank shares just when everyone else was seeking to make a rapid exit from the sector.

One of his great skills is correctly anticipating market trends. He foresaw the end of the most recent bull run some months before the market peaked in the summer of 2007 and had already battened down the hatches before the market storms set in.

8. Neil Woodford.

Mr Woodford has taken over Mr Bolton’s mantle of best known UK fund manager and one of his great skills is being able to achieve very good performance with enormous sums of money that would weigh down a lesser investor. His two principal funds contain more than £13 billion of investors’ money.

Mr Woodford, like Mr Bolton, is something of a contrarian investor, and he shows considerable skill in keeping ahead of the investment pack. He had been warning about the excessive levels of debt in the UK and US long before the credit crunch struck and had sold all his bank and property shares before those two sectors collapsed.

He takes a top-down view of the economy and is not afraid to make big sector bets. In the past few years he has invested heavily in tobacco and utilities at a time when they were distinctly unfashionable areas to put your money.

9. Nils Taube.

Mr Taube, who died earlier this year, was Britain’s longest-serving fund manager. Like John Templeton he was fond of buying stocks that had been overlooked by other investors. He made a name for himself by keeping a cool head during the stock market slump of 1973-74 and was investing when most other people had despaired of shares ever recovering.

He called the market right again in 1987, when he anticipated the October crash of that year and was selling stocks short in the months running up to the dramatic drop in share prices.

10. Robin Geffen.

Mr Geffen might be viewed as something of a "new boy" because his company, Neptune Investment Management, was launched only in 2002. But Mr Geffen has nearly 30 years of investment management experience under his belt and it is now showing in the outstanding performance of his Neptune stable of funds.

Mr Geffen takes a thematic approach to investment and, like Mr Woodford, is prepared to take big sector bets. He is not constrained by index weightings and will seek out value wherever he finds it. He is quite prepared to go against the trend where he thinks this makes sense. For example while energy companies make up 60 per cent of the Russian stock market Mr Geffen’s Russian fund has just 22 per cent of its portfolio in energy.

(http://timesbusiness.typepad.com/money_weblog/2008/10/ten-investment.html)

The 10 biggest winners from the financial crisis


Champagne_254825a High street retailers, estate agents, Iceland…the casualties of the economic crisis are all too familiar. But while there are losers, others have profited from the doom.

We’ve rounded up ten credit crunch Houdinis who’ve escaped the financial crisis and are laughing all the way to the ailing bank.

1. Andrew Lahde
Andew Lahde, a California based hedge-fund manager, made 888 per cent profits last year when his company Lahde Capital bet against US sub-prime mortgage assets. In September this year Mr Lahde decided he was rich enough to retire, closed his fund and released a letter, which has become an internet sensation.

The opening paragraph begins: “Today I write not to gloat, given the pain that nearly everyone is experiencing, that would be entirely inappropriate.” In a petulant rant he then, bizarrely, goes on to ask the American government to recognise the benefits of growing marijuana and urges bankers to bin their blackberries and go on holiday.

2. John Paulson
Last year, John Paulson, a New York-based hedge fund manager, outsmarted Wall Street and made nearly $2 billion by betting against mortgage backed securities. Much derided for cashing in on others' misery, he has shown few regrets, telling the Wall Street Journal: “I've never been involved in a trade that had such unlimited upside with a very limited downside."

3. Barack Obama
The final straight of the presidential race has coincided nicely with the meltdown of the global financial system, providing a serendipitous marketing tool for Mr Obama. As voters watch the stock market plummet, the Democrats have offered to clean up the economic mess that the Republicans will leave behind.

4. Gordon Brown
A couple of months ago the Prime Minister was against the ropes. Now he’s being lauded as the rescuer of the banks. In an article in the New York Times entitled “Gordon does good” Paul Krugman, who two weeks ago picked up the Nobel Prize for economics said: “Luckily for the world economy, Gordon Brown and his officials are making sense… they may have shown us the way through this crisis.” Mr Brown’s polls ratings are starting to creep up and Labour, it seems, are back in the game.

5. Ronald McDonald
Don’t expect to bump into Ronald in the dole queue any time soon. As slightly pricier restaurant chains stare at gloomy sales figures, cheap and cheerful fast food joints are watching profits soar. McDonalds has seen two million extra customers a month compared with last year and is intending to create 4,000 new jobs in response.

6. Karl Marx
Dust off your headscarf, Marx is making a comeback. German bookstores have experienced a 300 per cent increase in sales of Das Kapital in recent months, and visitors are flocking to Marx’s birthplace in Trier – 40,000 so far this year. Jörn Schütrumpf, head of the Berlin publishing house Dietz, which brings out the works of Marx said: “We have a new generation of readers who are rattled by the financial crisis and have to recognise that neo-liberalism has turned out to be a false dream.”

7. Jamie Dimon, chief executive of JPMorgan Chase
With more than $900 billion in deposits, JP Morgan Chase is now America’s biggest savings business after it bailed out the failed Bear Stearns and Washington Mutual. Despite the market turmoil, its employees, not least its chief executive Jamie Dimon, can expect a nice Christmas box this year – staff have already been paid £700m in bonuses. Even better news for Dimon if rumour is to be believed, is that he will replace Hank Paulson as Treasury Secretary if Barack Obama makes it to the White House.

8. The Magic Circle
The paperwork is piling up on the desks of lawyers at Magic Circle firms such as Clifford Chance, Linklaters and Allen&Overy since the collapse of Lehman Brothers and Icelandic banks. Some top City lawyers are now demanding up to £900 an hour to dish out their advice on insolvency and restructuring. Fraud litigators are also feeling plush, as fraudsters are easier to spot during economic downturns.

9. Emilio Botin, chairman of Santander
Spanish Santander has been fattening itself up on high street banks rather than subprime mortgages, and thanks to a tough stance on exotic investment is now the world’s fifth largest bank based on the profits it generates. Already the owner of Abbey, Santander’s rescue of Alliance & Leicester and Bradford &Bingley mean that Mr Botin oversees almost 25million UK customers.

10. Bart Becht, chief executive of Reckitt Benckiser
The world’s biggest household detergent group and the makers of Cillit bang, Reckitt Benckiser has posted record profits of £373m for the last quarter. Apparently, as none of us can afford to leave the house or go out to eat we are staying in to clean the loo and stack the dishwasher instead.

List compiled by Laura Whateley (http://timesbusiness.typepad.com/money_weblog/2008/10/the-10-biggest.html)

Ten people who predicted the financial meltdown


Cable

The financial events of recent weeks have filled many of us with shock and panic. Surely no one could have predicted that we would be in this mess? Well, actually, they did. Here are ten people who saw the financial meltdown coming...

1. Vince Cable - deputy leader of the Liberal Democrats

Here is a question Mr Cable’s posed to Gordon Brown, then Chancellor, during Treasury Questions back in November 2003: “The growth of the British economy is sustained by consumer spending pinned against record levels of personal debt, which is secured, if at all, against house prices that the Bank of England describes as well above equilibrium level. What action will the Chancellor take on the problem of consumer debt?”

Mr Brown did not answer how he would solve the problem, merely replying that: “We have been right about the prospects for growth in the British economy, and the hon. Gentleman (Mr. Cable) has been wrong.”

2. Christopher Wood – chief strategist of CLSA, a broking firm in the Asia-Pacific Market.

In October 2005 Mr Wood wisely declared: "Investors should sell all exposure to the American mortgage securities market." In an interview in 2007, he said: "Some institutions have been behaving like leveraged speculators rather than banks… The UK economy is heading for a sharp shock. It just remains to be seen how bad."

3. Founders of www.stock-market-crash.net – website aimed at investors

The writers of this site claim that predicting crashes is, in fact, easy: “One of the greatest myths of all time is that market crashes are random, unpredictable events. The lead up to a market crash is often years in the making. Certain warning signs exist, which characterize the end of a bull market and the start of a bear market. By learning these common warning signs, you can liquidate your investments and prosper by shorting the market.”

4. Henry Weingarten - astrologer

Mr Weingarten is head of the Astrologers Fund, a New York firm that advises businesses on the basis of planetary movements. He forecast a major economic downturn in March 2007 – so hopefully his clients took note.

His website claims he has in fact made numerous successful predictions about worldwide financial affairs, including “both Mexican 1995 crises, the first 1995 dollar crisis, the 1998 oil collapse and 1999 recovery, and the decline of the Euro after its 1999 birth.”

5. Nouriel Roubini - economics professor

Aka Dr Doom, Dr Roubini is an economics professor at New York University. On September 7, 2006, at an International Monetary Fund meeting, he announced that a crisis was brewing. He said that the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.

Homeowners would default on mortgages, trillions of dollars of mortgage-backed securities would unravel worldwide and the global financial system would shudder to a halt. These developments, he said, would cripple major financial institutions like Fannie Mae and Freddie Mac.

As Mr Roubini stepped down, his host said: “I think perhaps we will need a stiff drink after that.” They do now.

6. Nikolai Kondratiev - Russian Marxist economist

In the early 1920s, Mr Kondratiev proposed a theory that Western capitalist economies have long term (50 to 60 years) cycles of boom followed by depression. These business cycles are now called "Kondratiev waves", or grand supercycles. He predicted an imminent dip, and he was proved right with the Wall Street Crash in 1929.

The current crisis may mean he is about 10 years out – but, still, not a bad prediction for a man who died in 1938.

From the archive: William Rees-Mogg on Kondratiev (1980)

7. Founders of Housepricecrash.co.uk – property website

HousePriceCrash.co.uk was established in October 2003 after its founders predicted “one of the potentially biggest economic boom bust events in living memory” was coming. Its aim, apparently, is to provide a “counterbalance to the huge amounts of positive spin the housing market receives in the main media”.

Whist there is not currently a lot of positive news about the housing market to counter, the site does provide a plethora of information, statistics and forums for those interested in the great house price crash.

8. Lord Oakeshott - Liberal Democrat Treasury spokesman

He may not have predicted the entire financial meltdown, but he did warn the Government of the possible collapse of Icelandic banks back in July. He said last week: “"Alarm bells were ringing all over about the Icelandic banks and the Treasury must have been blind and deaf not to hear them."

In a written question to the government in July, he asked: "What steps [have] the United Kingdom financial authorities taken to satisfy themselves, independently of the Icelandic financial authorities, of the solvency and stability of Icelandic banks taking deposits in the United Kingdom?”

Lord Davies, for the Government, replied that there was no concern about the liquidity or capital base of Icelandic banks operating in the UK.

9. Stephen Roach - senior executive at Morgan Stanley

In November 2004, Mr Roach predicted an “economic Armageddon”, in part due to the record US current account, trade and government deficits. His outlook was largely dismissed at the time.

Having being proved right, he recently went on to accuse central banks of being “asleep at the switch” in failing to stop the escalating crisis. “The lack of monetary discipline has become a hallmark of unfettered globalization,” he said.

10. Ron Paul - Republican Congressman

Back in September 2003, Mr Paul told a House Financial Services Committee that: “Ironically, by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market.

“This is because the special privileges granted to Fannie and Freddie have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions.” Of course, if we are going to give Mr Paul credit, than we should also highlight the efforts of Peter Schiff, his economic advisor and long-time economic hawk.

(http://timesbusiness.typepad.com/money_weblog/2008/10/10-people-who-p.html)

The world's 10 richest pets and pampered pooches


Pooch

It is the search that is gripping the US nation: which pooch will president-elect Barack Obama choose to be the White House puppy?

A pampered life awaits the dog that gets the nod, what with the run of the 132-room White House and its spacious gardens. Then there's the presidential jet Air Force One to look forward to. A trip to the countryside will never be the same again.

Not that life is going to be easy, what with all those photo shoots and life lived in the public eye. Nothing less than a shiny coat and perfect teeth will do. The press can be so cruel on those bad hair days. And "cavorting" with other canines will definitely be out.

But let's not play down the job's advantages. Mr Obama says that he is ideally looking for a mutt from a shelter home: a rags to riches story that sums up the American dream.

However, it won't be the first pet to embark on a life of luxury and excess. Here are some of the richest animals ever to have walked this earth.

1. Gunther IV - Germen Shepherd

Worth: £90 million

Alsatian

German Countess Karlotta Liebenstein left a staggering fortune of 139 million German marks (about £43 million) to her beloved pet dog Gunther III when she died in 1991. When Gunter III died, the fortune passed to his offspring – imaginatively named Gunther IV – who used it, through a mysterious group of human beings, to, among other things, buy Madonna’s eight-bedroom villa in Miami. Gunther’s property portfolio is also said to include estates in the Bahamas, Italy and Germany and is estimated to be worth £90 million.

A website dedicated to the pampered Alsatian shows him living the Playboy mansion lifestyle. There are photos of Gunther splashing around in swimming pools while bikini-clad women and bronzed muscle men look on adoringly. Read the accompanying text and it gets even weirder. These “five gifted youngsters” it informs you are the Burgundians, the “most talented among a selected group of boys and girls of international origin endowed with special features, beauty, intelligence and independence”.

You couldn't make it up, or maybe you could. Some cynics have questioned whether it is all just an elaborate hoax. Make your own mind up by taking a look at Gunther's website

2. Toby Rimes - Poodle

Worth: £45 million

Toby Rimes, worth the equivalent of £45m in dollars, is a descendant of a pooch left £15m in New York in 1931.

3. Kalu - Chimpanzee

Worth: £42.5 million

Kalu, a chimpanzee, was adopted by Patricia O’Neill, daughter of the Countess of Kenmore, after she found her tied to a tree in Zaire. On her death Mrs O'Neill stunned her husband, the former Australian swimming champion Frank, by leaving her entire estate near Cape Town, South Africa, to Kalu. She said she couldn’t bear the thought of what might happen to the chimp after she died. All together now- Awwwww.

4. Pepe le Pew, Ani and Frankie – Two cats and a Chihuahua

Worth: £18 million

Chihuahua Frankie and cats Ani and Pepe Le Pew each had a third of a San Diego mansion worth around £10 million left to them. The reclusive millionairess who granted them the house also left £8.1million in cash for the three to share. I wonder what they've spent it on - Tuna sachets and dog bones?

5. Flossie – Labrodor mix

Worth: £3 million

Drew_barrymore_370241a

Drew Barrymore, the actor (above), placed a £3 million Beverly Hills mansion in trust for her dog, Flossie, in 2002 after it woke up her and husband, Tom Green, in time to escape from a house fire. As the blaze caught hold in the early hours of the morning, Drew's faithful dog ran upstairs and banged on their bedroom door with its tail to alert them to the danger.

6. Trouble - Maltese Terrier

Worth: £1.1million

Helmsley185_249607a

New York hotel magnate Leona Helmsley, dubbed the "Queen of Mean" during a 1989 trial for tax evasion, left $12 million of her estimated $8 billion estate for the upkeep of her Maltese terrier Trouble. Two of her four grandchildren meanwhile got nothing. Unsurprisingly, the request by Helmsley, famous for her quip that "only the little people pay taxes," sparked nothing but trouble. After the will was contested, the pooch, who was spoon fed gourmet foods by maids, was stripped of $10 million by a Manhattan judge. Fortunately the $2 million left is enough to keep Trouble in the lap of luxury. The mutt's annual expenses come in at $190,000, including $100,000 for round-the-clock security, $60,000 for his guardianship fee, $8,000 for grooming and $1,200 for food.

7. Tinker - Cat

Worth: £450,000

Tinker

Tinker, an eight-year-old cat from North London, inherited a £450,000 fortune after Margaret Layne, an elderly widow who found him as a stray, left him a three-bedroom house in Harrow and a £100,000 trust fund. Her will makes clear that the black cat, aged about eight, should not stray again. "If Tinker abandons the property permanently the trustees shall at their discretion be entitled to bring the trust to an end," says the will.

8. Tina and Kate - Collie crosses

Worth: £450,000

Tina and Kate, owned by Nora Hardwell, were left £450,000, the run of their owner’s home and five acres in Peasedown, St John, near Bath. The will also demanded that a carer must be employed to look after the two dogs, and that the house must be kept clean at all times.

9. Silverstone - tortoise - and friends

Worth: £100,000 plus

Silverstone the tortoise and a number of cats were provided for from the £59million estate of Christina Foyle, the late owner of Foyle's bookshop in London. When she died in 1999 Ms Foyle left the cats a house in Essex and £100,000 to her handyman to look after the tortoise.

10. The Queen Mum's collection of livestock

Worth: £8,000 each

Cheviot

150 Aberdeen Angus cattle and 200 North Country Cheviot sheep were the beneficiaries of Queen Elizabeth the Queen Mother's will. She left a £3 million trust to protect the herds on the Castle of Mey Farm which is shared with a collection of goats, pigs, chickens, ducks, rabbits and two lovebirds. Each is worth about £8,000. Good on you, ma'am.

(http://timesbusiness.typepad.com/money_weblog/2008/11/the-worlds-10-m.html)

25 reasons to avoid the new iPhone


Iphone_2

The wait is over. The iPhone 3G goes on sale today, and no doubt hordes of Apple fans will be queing outside Carphone Warehouse and outlets of O2 mobile - the only supplier - to get their hands on the hugely hyped handset.

Here at Times Money we were pretty scathing of the original iPhone (take a look at 50 reasons not to buy an iPhone), but Apple claims that its new version is a huge improvement. It is being billed as twice as fast and half as expensive as its debut model.

Given that Apple kept the phone under wraps ahead of the launch it's difficult to know whether the new phone is all its cracked up to be. If the hype is true it will certainly be a huge improvement on the original model. But there are downsides. Maybe not 50 this time around, but here are 25 things to consider before parting with your cash.

1. It's less expensive than its predecessor but still not cheap. The 8GB version is free to O2 customers who spend £45 a month or more on a new 18-month contract. The handset, available from 02, Carphone Warehouse and Apple outlets will cost £99 on a new £30 monthly tariff and the existing £35 per month tariff.

2. For the more powerful 16GB version it will cost £159 on the £30 and £35 tariffs, £59 on the £45 tariff and will only be free on the £75 tariff. So the cheapest deal over 18 months - the 8GB version on the £30 tariff - costs £599. For that you get "unlimited" internet surfing but a measly 75 free calls a month and 125 texts. You can compare it with existing deals here.

3. It will not be available on Pay & Go till later this year. This has angered some O2 customers. Moreover, it is in super-short supply even on contract, with only a few dozen initially supplied to each O2 store.

4. The touch screen isn't great if you're an obsessive texter. This was a problem with the first iPhone, although this guy seems to have cracked it.

5. Like the Model T-Ford the 8GB model is available in any colour - as long as its black.

6. Go for the more expensive 16GB version and you can get it in white too. Rumours had been that Apple was going to be a little more adventurous.

7. Its camera is rubbish. At just two megapixels with no flash it's worse than many standard phones leaving even fans feeling short changed. Phones such as the Nokia N95 boast five megapixels.

8. You can’t use it to take videos, leading some critics to the conclusion that it’s not sexy enough.

9. Like its predecessor the 3G handset is large and bulky. Not something you can just stick in your pocket and forget about. True, the new phone is thinner at the edges and weighs slightly less than the debut model, but otherwise the measurements are the same. It’s even been nicknamed the monolith.

10. To enable Apple to cut costs something had to go. The original iPhone had a hard-wearing silver aluminum back; the new one a less durable black plastic skin. So will it be able to cope with a beating like this?

11. The absence of a metal back means that it is unlikely to blend as prettily as its predecessor.

12. It’s going to be popular with terrorists if Apple's official ad is anything to go by.

13. Battery life is poor - just five to six hours of 3G calls or web browsing. One reviewer found that the indicator fell below 20 per cent by early to mid-afternoon on some trial days.

14. The battery is sealed into the handset, which must be sent off for replacement when it starts to wear out. This is a hassle and means that you can't carry around a spare for use on the move.

15. It inspires people with anger issues to post pointless and mistitled videos at Youtube.

16. If you are an Apple fan, you already own the old iPhone. Much of the new handset's improved functionality is already available in the free 2.0 software update.

17. If you are not an Apple fan, you may be an Apple "hater". In that case, you wouldn't want one.

18. If you live away from the big cities, you may well not have 3G coverage (check here). That would make the whole 3G phone thing pointless...

19. It has no instant messaging function - forcing users to SMS. But it doesn't have multimedia messaging (MMS), which means that users must send and receive photos by email.

20. The web browser has limited Adobe Flash support, so cannot display videos from many sites.

21. Incredibly for a "smart" phone, it has no copy and paste ability. Duh.

22. Who needs a phone with GPS? Anyway, it can't find a decent pizza when you need one.

23. The iPhone is sometimes termed the "Jesusphone". Tasteless.

24. Bluetooth enables headset voice calls on the new handset. A less-limited Bluetooth profile could have enabled wireless music streaming and file sharing, too.

25. Its unveiling by Steve Jobs, of Apple, was predictably and unbearably smug.


(http://timesbusiness.typepad.com/money_weblog/2008/07/reasons-to-avoi.html)

The world's 10 RICHEST female models!

The 10 richest models in the world

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The age of the supermodel is definitely not over. The world’s top models have proved their earning power this year despite fashion designers downgrading their runway shows because of the recession. For the second year in a row, Gisele Bündchen, the Brazilian model tops Forbes magazine'd richest models list, based on estimated earnings from June 2008 – June 2009.

1. Gisele Bündchen, pictured above, £15 million

Despite earning US$10 million less this year, due to the loss of Victoria’s Secret and other contracts, this Brazilian beauty has topped the list for the second year in a row. With her own shoe line and success from campaigns such as Versace, Dior, and True Religion jeans, the 28 year old earned about £15 million last year. She also found time to hold two wedding receptions with her husband, American football player Tom Brady.

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2. Heidi Klum, £9.7 million

At 35, this mum of three (soon to be four, with husband Seal) and Victoria’s Secret Angel has made her fortune through TV and endorsements. When she wasn’t busy hosting her hit TV series Project Runway and Germany’s Next Top Model, she designed a range of sandals for Birkenstock. Klum endorses brands that range from Diet Coke and Volkswagen, to McDonalds and LG.

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3. Kate Moss, £5 million

This year Moss shot down rumours of a pregnancy by saying she's "just fat" and was also attacked for being old (yes, she is 35), but the supermodel isn't going anywhere. She achieved great successes in the past year as the face of Longchamp, Versace, and David Yurman, and her range for Topshop, which also debuted in New York, has made her the third highest earning model.

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4. Adriana Lima, £4.8 million

Another angel, famous for her sultry poses, Lima's career has taken off with the support of the lingerie brand. Although her contract with Maybelline ends later this year, the one-time Ford “Supermodel of the year” is busy away from the catwalk too. She appeared on Ugly Betty last September, and is now expecting her first child with her husband, basketball player Marko Jaric.

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5. Doutzen Kroes, £3.6 million

This Dutch model, the latest to join the entourage of Angels, recently signed up with Seven For All Mankind jeans after her contract with DeBeers expired. At just 24, Kroes is also the face of cosmetic company L’Oreal, and the fragrance Calvin Klein Eternity.

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6. Alessandra Ambrosio, £3.6 million

Last autumn, the 28 year old returned to the Victoria’s Secret runway just three months after giving birth. Having starting modelling for their PINK line, she is now one of the brand’s biggest names. Ambrosio is also a model for the European retail outlet C&A and the Mexican department store Liverpool.

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7. Natalia Vodianova, £3.3 million

This Russian-born beauty has not forgotten her roots, using some of her fortune to run Naked Heart Foundation, which helps provide playgrounds for children in Russia. Vodianova, 27, is most recognisable for her work with Calvin Klein fragrance Guerlain, but over the next three years, she will be designing and modelling various collections for French lingerie company Etam.

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8. Daria Werbowy, £2.7 million

After winning a modelling competition, this Polish-born Canadian has shot to fame as the face of Lancome and Louis Vuitton. Werbowy’s other campaigns include H&M, Balmain, Roberto Cavalli, and Vogue Eyewear. At just 25, she was inducted into Canada’s Walk of Fame, alongside film director James Cameron.

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9. Miranda Kerr, £1.8 million

Equally famous for being Orlando Bloom’s leading lady as for her sultry Victoria’s Secret campaigns, this fresh-faced Aussie made her mark signing on to be the new face of Maybelline and XOXO. Following the devastating Australian bush fires earlier this year, Kerr lent a hand to the Australia Unites fundraiser.

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10. Carolyn Murphy, £1.8 million

The long-time face of Estee Lauder has proved her staying power in the industry, at 35. She is also the only American on the list. Having posed for Playboy and Sports Illustrated swimsuit in the past, her most recent campaigns include Banana Republic and Lord & Taylor.

By Vanessa Kortekaas

(http://timesbusiness.typepad.com/money_weblog/2009/07/top-ten-richest-models-in-the-world.html)

Tuesday, July 14, 2009

5 reasons touchscreen PCs may fail

Software still in early stages

Touchscreen technology is sweeping the consumer electronics market as technology brands hope to come up with the next iPhone, but these new toys could be little more than plenty of hype especially in the PC market.

Major phone and PC makers such as Nokia, Research in Motion Hewlett-Packard and Asustek have launched touchscreen-enabled products, aiming to ride the trend of what they expect to be the next big thing.

Microsoft's impending launch of its next-generation Windows 7 operating system is expected to give the budding technology a further boost, bringing a software that supports such capabilities into millions of home and office PCs.

But most consumers may not find touchscreen PCs very different from their usual laptop or desktop PCs, and the technology is unlikely to spread beyond mobile phones.

"I don't think it's going to be the next big thing by any means, but just more and more brands are going into it," said IDC analyst Jay Chou.

"The software's still in an embryonic stage, and until that changes, hopefully with Windows 7, it's still going to be a while more before we see things taking off."

Touchscreens, once only commonly found in supermarket checkout counters and airports and banks, jumped to the forefront of consumer technology thanks to Apple's popular iPhone, inspiring a whole list of knock-offs in the process.

The old-fashioned keyboard and mouse could still be the best way to use a PC, with user interaction habits notoriously hard to change, especially if there is a dearth of software support.

"I think it sounds like a lot of hype," said Gartner analyst Tracy Tsai. "It seems impractical to me for a person to use touchscreens on a computer, and when you're using a device so big, it really adds little value to the over all experience."

Touchscreen PCs have been around for a while now, but high costs and limited functionality have kept them to niche devices. These type of PCs make up less than 1 percent of all computers sold worldwide. While most analysts expect this figure to climb, few see it growing as quickly as some computer brands expect.

"The biggest question to me is how much value does a touchscreen add to your computer? Probably not very much, and if that's the case, why would I want to pay more money for such a computer," said iSuppli analyst Peter Lin.

High cost associated with touchscreens could set back the technology a few more years until prices come down, with the cost of manufacturing a panel and its required chips jumping manifold on a PC when compared to a smaller smartphone.

Specialist manufacturer Wintek estimates it costs about $10 to make a 3 inch touchscreen frequently used in smartphones, but said costs can increase exponentially when the size increases.

Touchscreen chip designer Elan Microelectronics, which counts Dell and HTC among its clients, estimates that adding a touchscreen to a desktop computer would increase its price by more than 10 percent.

"We've got to wait for the cost to come down a little before the kind of growth we're seeing right now in mobile phones can spread to computers," Elan's Chairman IH Yeh told Reuters at during the PC trade show Computex.

"Right now, I think it's still an issue whether or not consumers are willing to fork out an extra 10 percent for a touchscreen on their computers."

PC brands' previous forays into touchscreens have fizzled. With products such as the Tablet PC not living up to its initial hype when they were launched more than a decade ago.

High costs

(http://infotech.indiatimes.com/quickiearticleshow/4763026.cms)

6 failed technology predictions by Bill Gates

6 failed tech predictions by Bill Gates

The founder of the world's largest software company Microsoft Bill Gates is often looked upon for his vision. But then they also say, there's really nothing like perfection. So, all our venerable tech czar's forecasts too have not been flawless.

Many of the technology prophecies of the man who is often credited for ushering in the third wave of computing -- mainframe era, minicomputer era to personal computing era -- did miss the mark.

Here's looking into where all Gates went ‘wrong’.
Seems Bill Gates couldn't comprehend the pace at which the size of data will grow in the computing space. In 1981, Gates reportedly said that nobody would ever need more than 640 kilobytes of memory on their personal computer. Contrary to what Gates thought, most PCs today come with at least 2GB of memory.

However, in an interview to Bloomberg Business News in 1996, Gates refuted the quote. Here's an excerpt of what he said when asked about the (in)famous quote, "I've said some stupid things and some wrong things, but not that. No one involved in computers would ever say that a certain amount of memory is enough for all time.

"The need for memory increases as computers get more potent and software gets more powerful. In fact, every couple of years the amount of memory address space needed to run whatever software is mainstream at the time just about doubles. This is well-known."

In a foreword to the OS/2 Programmer's Guide in 1987 Bill Gates wrote, "I believe OS/2 is destined to be the most important operating system, and possibly programme, of all times."

OS/2 was a computer operating system initially jointly developed by both Microsoft and IBM, and later developed by exclusively by IBM.

The OS though gained some ground in large industries like banking, insurance and telecommunications it, however, failed to make an impact among the home and SOHO users. The launch of Windows 95 completely stole the OSes thunder.

Contrary to what Gates wrote, Microsoft's own Windows operating systems today continue to power world's over 90 per cent desktops. OS/2 is no longer marketed by IBM, and IBM standard support for OS/2 was discontinued on 31 December 2006.

The problem of spam e-mail messages will be gone within two years, Bill Gates promised in January 2004.

Speaking at a session of the World Economic Forum, Gates said that the company was working on three ways to enable email users to keep spam out of their computers.

The first two, he said, would involve having computers reply automatically to any email messages from senders not known to that computer -- that is, not in the mail list of the email programme installed on the computer -- with a request to solve a problem that could be handled by a person but not by a computer.

The third way, which Gates said was likely to arrive later but be the long-term solution, would require that email messages sent by strangers come with postage attached, the equivalent of a postage stamp. It's been four-and-a-half years since then, and the spam menace only seems to be growing.

In 1983, Bill Gates said that the company "will never make a 32-bit operating system."

However, nine years later (in 1992), Microsoft released beta of its first 32 bit Windows NT. NT was the first full 32-bit version of Windows. The OSes consumer-oriented counterparts, Windows 3.1x and Windows 9x were 16-bit/32-bit hybrids.

In 1995, Microsoft released Windows 95, which featured new user interface, supported long file names and could automatically detect and configure installed hardware (plug and play). The OS could natively run 32-bit applications, and featured several technological improvements that increased its stability over Windows 3.1.

In 2005, Microsoft released 64-bit versions of Windows XP Professional and Windows Server 2003, now dubbed Windows XP Professional x64 and Windows Server 2003 x64. Currently, Microsoft's most popular XP packs both 32 and 64-bit versions. Less-popular Vista also comes in both versions.

In the year 2005, the tech czar amused the world with one another forecast that failed miserably. In an interview to a newspaper, Gates said "Blu-ray Disc is the last physical format there will ever be."

Here's quoting him, "Well, the key issue here is that the protection scheme under Blu-ray is very anti-consumer and there's not much visibility of that. The inconvenience is that the [movie] studios got too much protection at the expense consumers and it won't work well on PCs. You won't be able to play movies and do software in a flexible way. It's not the physical format that we have the issue with, it's that the protection scheme on Blu is very anti-consumer. If [the Blu-ray group] would fix that one thing, you know, that'd be fine. For us it's not the physical format. Understand that this is the last physical format there will ever be. Everything's going to be streamed directly or on a hard disk. So, in this way, it's even unclear how much this one counts.”

While Blu-Ray has beaten HD-DVD to death, its successor are on way including multi-layer discs (LS-R), 3D discs that may hold up to a terabyte of data and discs read by short wavelengths such as UV.
In the year 2001, Bill Gates had said that tablet PC would be the most popular form of PC sold in America.

At an event in Las Vegas, Gates showed a prototype Tablet PC and following year launched it. He said, "It's a PC that is virtually without limits and within five years I predict it will be the most popular form of PC sold in America."

However, Tablet PCs failed to make an impact. Only a few handful vendors market Tablet PCs. Also, they are still to take off as business devices.

Some time back, Gates again reiterated his faith in the Tablet PC form factor. He said that with better hardware and software, Tablet PCs have the potential to dominate over traditional laptop PCs.
Tablet PCs to be most popular'

'Tablet PCs to be most popular'

(http://infotech.indiatimes.com/quickiearticleshow/4775207.cms)

Monday, July 13, 2009

Wow, what a FLY-PAST..Just amazing

Now that's what I call a fly-past: US Navy F18 streaks past apartment block

This is the moment a a US Navy pilot gave a shocked resident a very close look at his F18.

The fighter/bomber streaked past an apartment block on the banks of the Detroit River at the weekend.

It was part of a tactical demonstration fly-past to open a speedboat race in the North American city.

Officials waived rules to allow the Navy flyers to swoop under 100ft along the waterway.

Flypast: The F18 streaks past an apartment block

One resident said: 'I couldn't believe how low they flew and how close they came to our building - I'm sure the pilot waved at me.'

The jets had flown in from the Naval Air Station Oceana in Virginia to put on a spectacular show for thousands of spectators.

The Chrysler Jeep Superstores APBA Gold Cup race was won by speedboat ace Dave Villcock.

'We danced with the devil at every turn,' said Villwock, 55, who demolished the field on his way to his seventh Gold Cup win.

'We were either going to win it big or lose it big.'

He couldn't match the F15s for speed, although his average of 141mph for the five-lap final remained impressive.

Friday, July 10, 2009

Worst US cities for IT pros

Worst US cities for IT pros

USA is considered as the land of opportunity. The country is the core market for Indian software companies and one of the hot favourite with techies.

However, during the current troubled times not all US cities are likely to be a great workplace for IT pros. Network World has come out with a list of US cities that IT pros probably should avoid. Here's Network World's list of least favorite US technology job locales.

Topping the list is Detroit. According to Network World, Detroit, the Mecca of automobile companies, can hardly be any IT professional's destination of choice right now. With auto companies and their suppliers struggling to survive bankruptcy and global recession reason is not hard to find.

Detroit was also a part of the Forbe's top 10 'Fastest Dying US Cities' list. The second city on the list is US retail giant's headquarter Bentonville. The city of Rock and Roll fame Cleveland is next on the list. The city has witnessed one of the highest foreclosure rates in the US, huge population declines and dying industries of yesteryear, according to the article. Like Detroit, Cleveland too was a part of the Forbes top 10 'Fastest Dying US Cities' listing.

Next on the `worst' US city for IT pros list is Syracuse. The city holds the title for the US city with the highest average annual snowfall (115 inches), more than Anchorage, Alaska (114 inches). The city reportedly also has a bit of a problem with Seasonal Affective Disorder (SAD) due to heavy snow and little sunshine. Here's the city whose entry in the list is sure to raise eyebrows. According to Network World, "These havens for IT geeks and tech companies both offer insanely high real estate prices, suicide-inducing traffic and too many cocky and annoying IT people fighting over precious jobs."

San Francisco also claims the No. 1 spot for worst cities for identify theft, or `iJacking.' And Boston is said to be too full of itself. Anchorage is the next city on the list. The city receives second-highest snowfall in the US.

Orlando is surely a tourist haven with its theme parks. But the city is surely not a haven for techies. The Network World's authour blames the Orlando's real estate mess and the annual hurricane season for this not-so-favourable title.

(http://infotech.indiatimes.com/quickiearticleshow/4745138.cms)

Thursday, July 9, 2009

Bing may replace Google!

It's easy to mock Bing as Microsoft's latest attempt to rip off a competitor. Bloggers, in fact, have christened the search engine "But It's Not Google".

In many ways, Bing is better. Here's how:

* When you hover your mouse over a search result, Bing opens a pop-up window that displays the first few paragraphs. Saves time clicking on dead ends.
* Bing’s search-result sidebar is handy: input a celebrity’s name and it gives you the following list: News, Movies, Quotes, Bio, Images. A sports team will get you Schedule, Tickets, Stadium, History, and so on. “Aren’t those almost always the answers you’re really looking for?” writes Pogue.
* Bing’s image search page scrolls on and on, sparing you the tedium of clicking “next,” and you can filter the image results by size, file type, “just faces” or “just head and shoulders.”
* Bing allows you to see and hear samples from video thumbnails.

(http://StoryPage/StoryPage.aspx?sectionName=LifeStyleSectionPage&id=1a5a87f7-29c0-4a0c-8c99-c7b97e597f6e&Headline=Bing+may+replace+Google!)

Lopez was bad for my career: Ben Affleck

Ben Affleck's thoughts.............

Hollywood actor Ben Affleck has spoken out about his high-profile relationship with former girlfriend Jennifer Lopez insisting it was bad for his movie career.

The actor began dating the singer-actress in 2002 after starring in "Gigli" with her, and the pair later became engaged before splitting up shortly before their scheduled wedding in 2004. Affleck now is adamant he should never have got involved in the first place because the publicity surrounding their romance tainted his career, reports contactmusic.com.

"I was no longer in control of my life. I thought I wanted certain things, but I didn't. I got lost. I felt suffocated, miserable and gross. I should never have gone down that route or got sucked in to all the publicity," he said.

"I was typecast as myself. Too many people weren't getting past what they read about me. That was damaging. I can tell from experience it's bad for you, and bad for your career. So I took a break, went away for a while and let things calm down," he added.

He admits he is much happier now with his wife Jennifer Garner and their two daughters, three-year-old Violet and six-month-old Seraphina.

"Work has taken a back seat. My job is not as important as it was. Saying that having a family changed my life is a cliche. But it's true - it re-arranged my life and made me see clearly," he said.


http://www.chinadaily.com.cn/english/doc/2005-02/05/xin_23020205091016405741.jpghttp://www.hindustantimes.com/news/images/Affleck.jpg


(http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=HomePage&id=a8ba26fc-bbdb-4d04-ba18-0ee5255cbc55&Headline=Lopez+was+bad+for+my+career%3a+Ben+Affleck)

9 disappointments in iPhone 3G S

9 disappointments in iPhone 3G S

New iPhone is here, iPhone 3G S. iPhone 3G S offers as many as 100 new features and more than double the speed of the earliest version. Plus, it comes with a price cut. Seems like users have got all they wanted and wished for in the new gadget. Not really!

iPhone 3G S though offers a lot, still leaves a lot wanting. The revamped iPhone disappoints users on many counts, some which were on top of their wishlist for the new iPhone.

Here are the 9 things that disappoint many users in iPhone 3G S.
Apple products are known for their design. Apple iPhone too scores high on looks. But a change is always refreshing. So, a change in looks was high on users' wishlist. However, the new iPhone 3G S disappoints with almost nothing new in terms of appearance.

The phone looks exactly same like its predecessors with same dimensions and screen display. iPhone 3G S, in both 16GB or 32GB variants, will be available in black and white colour options.

Apple finally upgraded iPhone's camera megapixel. iPhone 3G S offers 3 megapixel camera over 2 megapixel in the previous version. However, 3 megapixel looks pale in front of the higher megapixel camera smartphones that are flooding the market.

Recently, world's top cellphone maker Nokia unveiled its second touchscreen phone with 5 megapixel camera (with Carl Zeiss optics and dual LED flash). Other iPhone rivals including Samsung, LG and Sony Ericsson boast of a portfolio of higher megapixel camera phones.

iPhone 3G S also disappoints fans looking forward to Flash support in the new version. The latest iPhone too offers no Flash support. In case users wish to see those multimedia files that require Flash, they will have to do away with them.

Presently, when users browse through Web pages with Adobe Flash, it displays empty spaces with missing icons. Earlier, Apple said that Flash would run too slowly on the iPhone.

Another big miss in the new iPhone is the absence of a standard USB port. iPhone 3G S comes with a proprietary USB connector rather than a microUSB. This means users have to shell out extra money to buy separate cables to use phone's USB features.

Like the all earlier versions iPhone 3G S too does not come with user-replaceable battery. Apple has increased the battery life but it does not still allow users to replace battery when it runs out of juice.

Apple had earlier reportedly said that it left out the user-replaceable battery because it adds bulk and weight, but users can't help comparing it with other smartphones.

Though Apple has fulfilled a long time wish by enabling the device to record videos, however, iPhone 3G S still lacks front-facing camera for video conferencing. This means the device is not capable of sending videos across a Wi-Fi or cellular network in real time.

Another disappointment is no upgrade in screen resolution. Apple has made no enhancement in the iPhone 3G S screen resolution, which is same as its 2007 and 2008 predecessors. It has 480 x 320 pixel resolution at 163 ppi, same as the iPhone 3G's. Recently-launched Nokia N97 boast of a wide touchscreen that has a 16:9 aspect ratio and a resolution of 640 x 360 pixels.

As speculated, iPhone 3G S does not support HD (high-definition) content. iPhone 3G S supports 640 x 480 videos as its predecessors and is not capable of playing higher-resolution videos. The phone supports video formats: H.264 video, up to 1.5 Mbps, 640 x 480 pixels, 30 frames per second.

HD video refers to any video system of higher resolution than standard-definition (SD) video, and most commonly involves display resolutions of 1280 720 pixels (720p) or 1920 1080 pixels (1080i/1080p).

Another big rumour doing rounds was an iPhone FM transmitter chip. However, it remained a rumour only. iPhone's new model does not offer support for FM Transmitter. Some reports claim that the chip would have enabled faster wireless connection and FM transmission.

(http://infotech.indiatimes.com/quickiearticleshow/4643933.cms)

6 reasons why Google OS may not work

6 reasons why Google OS may not work

Putting rest to all speculations, Google announced this week that it is developing a new operating system for personal computers, Google Chrome OS. With Chrome OS, Google launches a direct attack on Microsoft Corp's golden goose -- its long-dominant Windows franchise.

The new operating system will be based on Google's 9-month-old Web browser, Chrome. Google intends to rely on help from the community of open-source programmers to develop Chrome operating system. Taking a minimalist view, Google argues that operating software only needs to do what can't be done externally on the web. It is promising that users will be able to fire up their computers and get on the web in a few seconds.

The rivals have spent years attacking each other, but with Chrome OS, Google makes it entry into Microsoft's core territory, its lair. So, is it time for Bill Gates and Steve Ballmer to get worried? Not really, feel many analysts. Here's why.

The early versions of the Chrome operating system will be tailored for Netbooks, a breed of low-cost, less powerful laptop computers that are becoming increasingly popular. However, a vast majority of Netbooks already run on Windows, and that is unlikely to change unless Google can demonstrate the Chrome operating system is a significant improvement, said Forrester Research analyst Paul Jackson.

He pointed out that many customers had returned the original Netbooks that used open-source alternatives to Windows. "It was not what people expected," he said. "People wanted Windows because they knew how to use it and knew how applications worked."
One major challenge that could delay adoption is getting makers of printers, networking gear, cameras and other devices to develop software that lets their equipment work with the new Google system. There are more than 2 million software drivers that connect devices to Windows PCs.

The success of the Chrome operating system will likely hinge on its acceptance among computer manufacturers that have been loyal Windows customers for years, said Matt Rosoff, an analyst for the research group Directions on Microsoft. "Most people, when they get a new operating system, they get it with their PC," he said. "I don't think most people think much about their operating systems."

If enough computer manufacturers embrace the Chrome operating system, it could weaken Microsoft while opening up new avenues for Google to persuade consumers and businesses to use its suite of online applications and other Internet services, generating more opportunities for Google to sell lucrative Internet ads.

Getting consumers and businesses to switch to computers powered by a new operating system won't be easy, as Google has learned from the introduction of Chrome.


Microsoft's Windows operating system has been even more dominant for a longer period time despite challenges from Apple Inc and various systems based on Linux, the same type of open-source software that Google plans to use. Analysts feel that people may bitch about Windows, but they are used to it. Windows is almost habit for many. And it is tough to change habits.

"It's going to be tough," Standard & Poor's equity analyst Scott Kessler said of Google's foray into PC operating systems. "The reality is that as the importance of a device or task increases, people have a much lower inclination to consider a change."

Businesses will be especially reluctant to abandon Windows because, on average, about 70 per cent of their applications are designed to run on that, said Gartner Inc analyst Michael Silver.
The new operating system is based on a product from Google that has had limited success: the Chrome browser. As of February, it claimed 1.2 per cent market share, compared to nearly 70 per cent for Microsoft's browser, according to researcher Net Applications.

(http://infotech.indiatimes.com/quickiearticleshow/4757784.cms)

Was Jackson finale, seeds of rehabilitation ?

The global send-off for Michael Jackson was not just a goodbye. The lavish tributes may have also planted the seeds for the next goal in the King of Pop’s career: rehabilitating his image for posterity.

The Jackson family can find a model in Elvis Presley, who in his final years had turned into a media laughing stock, but is now fondly remembered worldwide as the King of Rock ‘n´ Roll.

Jackson’s memorial service Tuesday, which brought some of the entertainment world’s top names together before a television audience of hundreds of millions, won rave reviews for being moving yet tasteful.

Before Jackson’s gold-plated, flower-covered coffin, the service culminated in a performance of “We Are The World,” the 1985 song to support Ethiopian famine victims -- a reminder of the star’s extensive humanitarian work which also included early activism on behalf of AIDS victims.

But Jackson later became better known for his eccentricities or worse -- his puzzling physical transformation, his close friendship with a chimpanzee, his private amusement park at his childhood-themed Neverland Ranch and, of course, allegations of child molestation.

Ian Condry, an expert on pop culture at the Massachusetts Institute of Technology, said he was surprised at how much Jackson’s public image had improved since his June 25 death.

He pointed to the huge imprint Jackson’s music left on a generation worldwide -- and said that while the allegations against him were serious, it was also easy for the public to see the former child star as a tragic rather than sinister figure.

“Perhaps there’s a sense that we all were a bit responsible for having so much fascination in the failings of the King of Pop,” Condry said.

But in a sign of the enduring controversy over Jackson, much of the political world has shied away from identifying too closely with the pop star who for much of his career was arguably one of most visible faces of the United States abroad.

President Barack Obama, while praising his music and offering condolences to Jackson’s family, has also been quick to stress his “tragic” side. Obama did not take part in the memorial service in Los Angeles.

Even some people who attended the tribute said a cloud would always hang over Jackson due to his lurid 2005 trial over pedophilia allegations, on which he was acquitted.

“I think there will still be a mixed legacy,” said Jackie Davis, 45, who said she was not a huge Michael Jackson fan but was thrilled to win the lottery for free tickets. “There will always be some elements who push the negative side of him, but it’s important to think about the positive,” she said.

Focusing on the positive has worked wonders for Presley’s legacy. According to music industry lore, one executive once quipped that Elvis’s best career move was his 1977 death, which spawned legions of conspiracy theories.

Patrick Lacy, an expert on Presley and author of the book “Elvis Decoded,” said the Jackson family could learn from Presley’s Graceland mansion in Tennessee, a popular tourist site.

Lacy said Graceland stays carefully on-message, not showing any images of Presley in his last years of life when he was caricatured as a bloated has-been and -- like Jackson -- struggled with prescription drugs.

“You will never find unflattering images of Elvis -- it’s almost as if the years 1974-1977 don’t exist,” Lacy said.

Jackson was undoubtedly familiar with Graceland -- he was briefly married to Elvis’s daughter, Lisa-Marie Presley. Some fans want to turn Neverland into a Graceland-style shrine to the King of Pop, perhaps with Jackson buried there.

But Lacy doubted Jackson could be rehabilitated in the same way as Presley. Compared with the allegations against Jackson, Elvis’s main transgressions, such as suggestive dancing, seem innocuous in 2009, Lacy said.

“I do not believe Jackson will have a successful posthumous career like Elvis’s because there simply is no way to diminish or eliminate the effect his behavior and appearance had on the public,” Lacy said.

“There are too many memories that leave us all with an uncomfortable feeling.”

(http:///StoryPage/FullcoverageStoryPage.aspx?sectionName=NLetter&id=09d7d14d-162f-4875-949c-87b65dc4015bHomagetothekingofpop_Special&Headline=In+Jackson+finale%2c+seeds+of+rehabilitation)

Wednesday, July 1, 2009

Was MJ trying to avoid London concert dates........

I came across an article written by Gerald Posner (of the dailybeast.com) suggesting that the King of Pops Michael Jackson was trying to land himself in the hospital with meds to avoid concert dates but this accidentally backfired and he ended up dead............

A close Michael Jackson confidant tells The Daily Beast's Gerald Posner he believes the star triggered his death with a foolhardy plan to void a concert commitment: mixing pills to prompt a minor hospital visit. Plus, behind the scenes at the stormy meetings where Jackson’s advisers told him he was insolvent; threats that creditors would seize his assets if he didn’t do the concerts; friends’ worries that he couldn’t physically do the tour; and the pop star’s bartering of performances in exchange for works of art.

A close confidant of Michael Jackson tells The Daily Beast that he believes that the superstar was so determined to avoid a rigorous tour schedule that he intentionally took a large amount of prescription drugs in order to induce a hospital visit—potentially triggering a medical escape clause in his performance contract—but wound up accidentally overdosing instead.

“Like a child who doesn’t want to go to school, Michael thought he could get away from his obligations if he had a ‘note from the doctor.’”

This top adviser, who spoke about this explanation for the first time on the condition of anonymity, says that he believes Jackson was determined to force the AEG Group, the promoter of his 50-concert London series scheduled to commence next month, to reduce the number of dates. But the adviser says that Jackson was also well aware that he was subject to serious cancellation penalties if he failed to show up for any gigs. Medical infirmity, a standard clause in most contracts like this, might have provided him a consequence-free out. AEG did not return calls for comment.

“Like a child who doesn’t want to go to school,” the team member tells me, “Michael thought he could get away from his obligations if he had a ‘note from the doctor.’”

This source, who was familiar with Michael’s use of prescription painkillers he had used with increasing frequency over a decade, says he believes that Jackson was determined to prompt that “note” by mixing pills.

This explanation is supported by the fact that Jackson asked his personal physician, Dr. Conrad Murray, to stay overnight for the hours before he died. Dr. Murray’s attorneys say it was not the first time he had stayed overnight, but such a request was not typical. Sources in the Jackson camp tell me that Jackson knew that Dr. Murray, when he did stay, checked on him regularly. In other words, Jackson would have thought he had a safety net.

It’s also clear, based on a half-dozen sources in Jackson’s business and financial entourage, that Jackson desperately wanted out of the commitment to 50 concerts, which were to be held at London’s O2 Arena. Earlier this month, only weeks before his death, someone in the Jackson camp, presumably with the singer’s blessing, leaked information that the pop star was “reportedly fuming” at the expanded concert schedule and pace and demands of preparation. (At the Los Angeles dance studio where he practiced for his London shows, he once stopped outside to talk to fans who gathered daily. One fan told a British tabloid, The Sun, that Jackson said to the group, “Thank you for your love and support, I want you guys to know I love you very much….I’m really angry with them booking me up to do 50 shows. I only wanted to do 10, and take the tour around the world to other cities, not 50 in one place. I went to bed knowing I sold 10 dates, and woke up to the news I was booked to do 50.”)

That fateful shift—from 10 dates to 50—has roots going back to last September when, The Daily Beast has learned, his advisers held a summit meeting with him to drive home the concept that he was virtually insolvent. Since his 2005 acquittal on sexual-abuse charges, he initially supported himself at the largesse of Abdullah bin Hamad Al Khalifa, son of Bahrain's king. When that money pipeline was cut off, The Daily Beast learned that Jackson resorted to doing one-night gigs for private parties for Arab sheiks and Russians in London. These gigs, I am told, commanded up to $2.5 million for an hour performance—or sometimes were bartered in exchange for works of art.

But as fast as the money came in, Jackson spent it. His major asset, his music catalog that included the Beatles songs, was half owned by Sony, and his portion had so many liens and loans against it that it could take a probate court years to unravel its real value. By November, the Jackson confidant says, the pop star was given an ultimatum by his advisers. Either commit to the London concert tour or have creditors seize whatever assets he still prized.

At a meeting in Las Vegas in late 2008, Jackson met with Randy Phillips, Rod Stewart’s former manager and now the chief executive of AEG, who is one of the world’s largest concert promoters. The concerts could raise tens of millions of dollars for Jackson, money he desperately needed. The sticking point was over the number of performances. AEG, owned by secretive American billionaire Philip Anschutz, wanted dozens.

Friends knew that Michael was frail, his weight at 112 lbs. on his 5-foot-11 frame the lowest it had been in years. He had not toured publicly in over a decade. I’m told that even some of his old UAE friends, like the rally-car driver Mohammad Ben Sulayem, had doubts that Jackson was physically fit enough to complete a grueling tour. Jackson apparently knew his own limits. He insisted on no more than 10 performances.

On March 5, Jackson held a London news conference in which he announced to the press and fans that he would perform 10 concerts there beginning July 8. The concerts were dubbed “This Is It,” and Jackson told the group, “These will be my final shows performing in London. ‘This Is It’ really means this is it.”

Behind the scenes, AEG and Jackson’s financial advisers had evidently worked out a deal that required the pop star to do more shows. When Jackson learned of that after the press conference, it kicked off several days of stormy meetings, with Jackson at times threatening to balk at doing any. Jackson, as usual according to those who knew him, had failed to grasp all the obligations of the financial arrangement he had entered. Five days later, on March 10, a brief press release added 11 dates to the 10 that Jackson had already announced. The next day, the number of shows expanded to 45, and would soon be 50, extending into February 2010. The shows were scheduled so Jackson had at least one night off between each, and AEG released a statement that Jackson was in "tremendous condition after a battery of tests.”

By April, Jackson’s advisers were in talks with two hoteliers in Las Vegas to create a six-month show for the pop star, starting soon after his London dates finished in early 2010, which would fetch him, I was told, up to $100 million. Jackson, according to one close adviser, resented the pressure to start performing to pay past bills and avoid losing his music catalog.

Shortly after that news broke, AEG announced Jackson’s tour dates slipped. The opening night was moved from July 8 to the 13th and performances previously scheduled for July 10, 12 and 14 were moved to March 2010.

It is little wonder that with so much at stake, AEG had already hired a full-time tour doctor for the pop star. It was Jackson, however, who chose Dr. Murray. Jackson had met Murray in 2006 in Las Vegas, when one of Jackson’s children had become ill. A member of Jackson’s security detail knew Murray and called him. The doctor made a house call to Jackson’s hotel, treated the child, and the pop star and physician became fast friends.

When Jackson asked Murray to become the tour doctor, the Las Vegas and Houston-based Murray immediately accepted (unknown to Jackson, he had his own financial difficulties, and the lucrative AEG position was a godsend).

Based on an interview with senior members of Jackson’s entourage during the past year, Jackson picked Dr. Murray in part because he thought a “friend” would be less inquisitive about his medical past than a doctor selected independently by AEG. A source close to Jackson’s legal team says that Jackson complained often about the rigors of the training schedule.

It was during a routine check on Jackson during the early morning of June 26 when Dr. Murray noticed his client seemed to be in medical distress with a low pulse, unresponsive to questions or touch. Murray, a large man, began performing CPR on Jackson’s chest.

There are conflicting accounts on whether Dr. Murray had his cellphone with him. Some sources believe he did not, while others say he did but he did not want to stop the CPR to call 911, and thus risk losing Jackson’s pulse. What is indisputable: He did not make a call from his cell to 911. Instead, he kept shouting for help. Dr. Murray later told investigators that no one responded for at least 20 minutes. There was a landline phone in the bedroom, but Dr. Murray’s legal team says he couldn’t use it since there “was a security feature that blocked outside calls.” Again, it’s not clear if Dr. Murray tried to use that phone or just assumed it wouldn’t call out.

It was not until a Jackson employee arrived and called 911 on his own cellphone—according to Dr. Murray’s legal team—that emergency help was dispatched. By the time Murray, Jackson, and the ambulance arrived at the emergency room, Jackson still had a low pulse. But nothing the ER doctors did could revive him.

Before he could leave the hospital, Los Angeles police investigators were already questioning Dr. Murray. Before that, Dr. Murray, with a Jackson manager, broke the news to Jackson’s sister, La Toya, and her brother, Jermaine, that their brother was dead. Possibly, it turns out, the victim of self-inflicted injuries from a plan gone very wrong.

(more details can be found here: http://www.thedailybeast.com/blogs-and-stories/2009-06-30/jacksons-final-panic/?cid=hp:mainpromo3)