Netanyahu reaches coalition deal - party spokeswoman

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• Netanyahu reaches coalition deal - party spokeswoman
• Technology to detect Alzheimer's takes SXSW prize
• Smartphone users will wait '2 seconds' for an app to load
• Seaboard Grand aims to redefine the idea of a keyboard
• China city searching for 'modern Marco Polo'
• Japan firm prints needle-eye sized book
• Hong Kong 'snake kings' stand the test of time
• Thailand, rebel group to open peace talks March 28
• Vietnam anti-China activists mark island battle
• Turkey's Kurds see best hope yet of end to three-decade war
• India court bars Italian envoy from leaving country in marines dispute
• Opponents fail to overturn shark protection deal
• Singapore expected to order F-35 fighter jets soon - sources
• The fate of Wong Tack
• Ieng Sary, minister for Cambodia's Khmer Rouge, dies in hospital
• Chavez leader with a difference: Ban Ki-Moon
• Habemus Papam
• World's largest telescope array to open in Chile
• S. Korean TV celebs charged with propofol abuse
• China's Xi appointed president, completes rise to the top

Netanyahu reaches coalition deal - party spokeswoman Posted: 14 Mar 2013 12:18 AM PDT JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu has reached a deal for a governing coalition in which a new centrist party will serve as his main partner, a spokeswoman for his right-wing Likud party said on Thursday.

Technology to detect Alzheimer's takes SXSW prize Posted: 14 Mar 2013 12:19 AM PDT Technology capable of diagnosing Alzheimer's disease long before its symptoms appear won a coveted honor for innovation Tuesday at the South by Southwest (SXSW) festival. read more This posting includes an audio/video/photo media file: Download Now

Smartphone users will wait '2 seconds' for an app to load Posted: 14 Mar 2013 12:17 AM PDT A new survey has found that apps are still more popular than mobile websites but that app users' patience is wearing thin. read more This posting includes an audio/video/photo media file: Download Now

Seaboard Grand aims to redefine the idea of a keyboard Posted: 14 Mar 2013 12:15 AM PDT A new musical keyboard called the Seaboard Grand allows the player to manipulate the sound -- using effects, fine-tuning and changing volume, for example -- with subtle movements of the fingers. read more This posting includes an audio/video/photo media file: Download Now

China city searching for 'modern Marco Polo' Posted: 14 Mar 2013 12:11 AM PDT A Chinese city is searching for a foreign traveller to become a "modern Marco Polo", with a 40,000 euro ($52,000) salary on offer to the winner, a tourism official said Wednesday. read more This posting includes an audio/video/photo media file: Download Now

Japan firm prints needle-eye sized book Posted: 14 Mar 2013 12:10 AM PDT A book with pages the size of the eye of a needle has been printed in Japan, the publishing company said Wednesday, with each tiny page showing a microscopic flower. read more This posting includes an audio/video/photo media file: Download Now

Hong Kong 'snake kings' stand the test of time Posted: 14 Mar 2013 12:06 AM PDT In a quiet corner of bustling Hong Kong, iron cages containing writhing serpents are stacked up at the entrance to an old shop that has been selling snake soup for more than a century. read more

Thailand, rebel group to open peace talks March 28 Posted: 13 Mar 2013 11:52 PM PDT Thailand and one of several rebel groups in the country's Muslim south will open peace negotiations in Malaysia on March 28 to try to end a bloody insurgency, a Thai official said Thursday. read more

Vietnam anti-China activists mark island battle Posted: 13 Mar 2013 11:52 PM PDT Activists in Hanoi chanted anti-China slogans and laid flowers Thursday at a protest marking the anniversary of a battle over the contested Spratly Islands in which 64 Vietnamese soldiers died. read more

Turkey's Kurds see best hope yet of end to three-decade war Posted: 13 Mar 2013 11:19 PM PDT DIYARBAKIR, Turkey (Reuters) - Kurdish politician Abdullah Demirbas is haunted by the nightmare vision of his two sons meeting in the hills of southeastern Turkey.

India court bars Italian envoy from leaving country in marines dispute Posted: 13 Mar 2013 11:07 PM PDT NEW DELHI (Reuters) - India's top court has temporarily barred the Italian ambassador from leaving the country amid a dispute between the two countries over the killing of two Indian fishermen by Italian marines, a lawyer in the case said on Thursday.

Opponents fail to overturn shark protection deal Posted: 13 Mar 2013 10:50 PM PDT Japan and other pro-shark fishing nations on Thursday lost a bid to overturn a landmark deal to offer international trade protection for several species of the ocean's oldest predator. read more

Singapore expected to order F-35 fighter jets soon - sources Posted: 13 Mar 2013 10:51 PM PDT SINGAPORE (Reuters) - Singapore is in the "final stages of evaluating" the F-35 to upgrade its air force, a process U.S. sources say should turn quickly into orders for several dozen of the stealthy warplanes that have been beset by cost overruns and delivery delays.

The fate of Wong Tack Posted: 13 Mar 2013 10:41 PM PDT However, shifting from green movement to the political runway means that Wong Tack has to walk down from the "altar" and from being universally respected to questioned, criticised and even attacked. Does it worth it? read more

Ieng Sary, minister for Cambodia's Khmer Rouge, dies in hospital Posted: 13 Mar 2013 09:57 PM PDT PHNOM PENH (Reuters) - Ieng Sary, who was standing trial for crimes against humanity during his time as the Khmer Rouge's foreign minister in Cambodia in the 1970s, died on Thursday, the court said.

Chavez leader with a difference: Ban Ki-Moon Posted: 13 Mar 2013 09:36 PM PDT The late Venezuelan President, Hugo Chavez, was one of the leaders who mark the difference in their country, the region and the world, said UN Secretary General, Ban Ki-Moon Wednesday. read more

Habemus Papam Posted: 13 Mar 2013 09:32 PM PDT White smoke rising from the chimney on the roof of the Sistine Chapel indicating that the cardinals have elected a new pope on the second day of the conclave at the Vatican. read more This posting includes an audio/video/photo media file: Download Now

World's largest telescope array to open in Chile Posted: 13 Mar 2013 09:04 PM PDT (Chile, San Pedro de Atacama-AFP) - In a super-arid desert at an altitude of 5,000 meters, with almost no humidity or vegetation, the world's largest ground-based astronomy project opens for business ready to probe the universe with unprecedented might. Copyright (AFP RELAXNEWS/ AFPTV), 2013. read more This posting includes an audio/video/photo media file: Download Now

S. Korean TV celebs charged with propofol abuse Posted: 13 Mar 2013 08:58 PM PDT South Korean prosecutors said Thursday they had charged four TV celebrities with illegal use of propofol, a short-acting sedative and anaesthetic blamed in the death of US pop legend Michael Jackson. read more

China's Xi appointed president, completes rise to the top Posted: 13 Mar 2013 09:12 PM PDT BEIJING (Reuters) - China's parliament formally elected heir-in-waiting Xi Jinping as the country's new president on Thursday, completing the country's second orderly political succession since the Communist Party took power in 1949.

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Brendan Brown, and The Global Curse Of the Federal Reserve

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• Brendan Brown, and The Global Curse Of the Federal Reserve
• The Facts Ma'am - Just The Facts
• Ieng Sary, minister for Cambodia's Khmer Rouge, dies in hospital
• Google Reader Shutdown a Sobering Reminder That 'Our' Technology Isn't Ours
• Tax Refund Too Good To Be True? Don't Spend It
• Ieng Sary, minister for Cambodia's Khmer Rouge, dies in hospital
• Ideas are a Dime a Dozen. People Who Implement Them are Priceless
• 20 Brands That Help You Start a Business
• Pope Francis: A humble image, but complex past
• Xi’s election to presidency completes China’s leadership transition
• China's Legislature Selects Xi as President
• New pope promises to bring new look to Church
• Exclusive: Iran steps up weapons lifeline to Syria's Assad - envoys
• Exclusive: Iran steps up weapons lifeline to Syria's Assad - envoys
• 'Father Jorge' Rose From Modest Roots
• Jesuits Had Past Struggles With Popes
• New pope promises to bring new look to Church
• Google Reader Shutdown a Sobering Reminder That 'Our' Technology Isn't Ours
• The Profitable Way To Break Up The Giant Banks
• Dealing with IRS Collection Action

Brendan Brown, and The Global Curse Of the Federal Reserve Posted: 13 Mar 2013 11:00 PM PDT The great British political economist John Stuart Mill long ago observed that 'most of the time the machinery of money is unimportant, but when it gets out of control it becomes the monkey wrench in all the other machinery of the economy." Notable about the quote is that Mill uttered it at a time when money, for having a commodity definition, could be considered unimportant.

The Facts Ma'am - Just The Facts Posted: 13 Mar 2013 10:54 PM PDT Clarity Matters. While clarity and brevity may have become a lost art, understanding the importance of clear, lucid, and straight-forward communication is nonetheless critical to your success as a leader. In today's column I'll reveal (clearly and briefly) the tricks of those who practice what I call "the black art of confusion" propagated by the ruse of ambiguity.

Ieng Sary, minister for Cambodia's Khmer Rouge, dies in hospital Posted: 13 Mar 2013 10:28 PM PDT By Prak Chan Thul PHNOM PENH (Reuters) - Ieng Sary, who was standing trial for crimes against humanity during his time as the Khmer Rouge's foreign minister in Cambodia in the 1970s, died on Thursday, the court said. Ieng Sary's death will dismay victims of the regime who fear those most responsible for their suffering will escape justice. An estimated 1.7 million people died during the ultra-Maoist "killing fields" revolution of the Khmer Rouge and its leader, Pol Pot. A U.N. ...

Google Reader Shutdown a Sobering Reminder That 'Our' Technology Isn't Ours Posted: 13 Mar 2013 10:12 PM PDT When Google announced Wednesday night that it was shutting down its Reader product, it was met with a reaction that wasn't just furious, but personal. Many angered Reader-ites took to Twitter, looking for some outlet to express their anger, with some shouting "Save Our Reader!" in the hopes Google would hear their cries and keep their product alive.

Tax Refund Too Good To Be True? Don't Spend It Posted: 13 Mar 2013 10:08 PM PDT If you find $100 in cash, you could leave it there or pick it up and keep it. After all, finders keepers. You could also turn it in. Depending on where you find it there might be a variety of possibilities for turning it in. But however you handle it you probably will not be too worried about your legal liability.

Ieng Sary, minister for Cambodia's Khmer Rouge, dies in hospital Posted: 13 Mar 2013 10:28 PM PDT PHNOM PENH (Reuters) - Ieng Sary, who was standing trial for crimes against humanity during his time as the Khmer Rouge's foreign minister in Cambodia in the 1970s, died on Thursday, the court said.

Ideas are a Dime a Dozen. People Who Implement Them are Priceless Posted: 13 Mar 2013 09:55 PM PDT "Ideas are a dime a dozen. People who implement them are priceless." What a great quote by Mary Kay Ash, and so true! The world is full of incredible ideas that never go anywhere because great ideas are useless without someone full of passion to implement them.

20 Brands That Help You Start a Business Posted: 13 Mar 2013 09:55 PM PDT

Pope Francis: A humble image, but complex past Posted: 13 Mar 2013 09:48 PM PDT VATICAN CITY (AP) — On the streets in Buenos Aires, the stories about the cardinal who has become the first pope from the Americas often include a very ordinary backdrop: The city bus during rush hour.

Xi’s election to presidency completes China’s leadership transition Posted: 13 Mar 2013 09:12 PM PDT BEIJING — Xi Jinping was named China's new president Thursday, completing a months-long, highly choreographed transition of power. The announcement came after a largely ceremonial vote of about 3,000 parliamentary delegates at the National People's Congress, and acknowledging those delegates, Xi took two deep bows after his name was called. Xi has been China's top leader since November when he took control of the ruling Communist Party as well as its top military body. Read full article >>

China's Legislature Selects Xi as President Posted: 13 Mar 2013 10:33 PM PDT China formally appointed Communist Party chief Xi Jinping as the nation's president on Thursday, marking the beginning of the end of China's once-a-decade leadership change.

New pope promises to bring new look to Church Posted: 13 Mar 2013 09:04 PM PDT By Crispian Balmer and Philip Pullella VATICAN CITY (Reuters) - Argentine Cardinal Jorge Bergoglio's election as pope has broken Europe's centuries-old grip on the papacy, opening the doors on a new age of simplicity and humility for the Roman Catholic Church, mired in intrigue and scandal. He is the first South American pontiff, the first non-European pope in 1,300 years and the first to take the name Pope Francis, in honor of St. Francis of Assisi, the 12th century saint who spurned wealth to pursue a life of poverty. ...

Exclusive: Iran steps up weapons lifeline to Syria's Assad - envoys Posted: 13 Mar 2013 09:10 PM PDT By Louis Charbonneau UNITED NATIONS (Reuters) - Iran has significantly stepped up military support to Syrian President Bashar al-Assad in recent months, solidifying its position alongside Russia as the government's lifeline in an increasingly sectarian civil war, Western diplomats said. Iranian weapons continue to pour into Syria from Iraq but also increasingly along other routes, including via Turkey and Lebanon, in violation of a U.N. arms embargo on Iran, Western officials told Reuters on condition of anonymity. Iraqi and Turkish officials denied the allegations. ...

Exclusive: Iran steps up weapons lifeline to Syria's Assad - envoys Posted: 13 Mar 2013 09:10 PM PDT UNITED NATIONS (Reuters) - Iran has significantly stepped up military support to Syrian President Bashar al-Assad in recent months, solidifying its position alongside Russia as the government's lifeline in an increasingly sectarian civil war, Western diplomats said.

'Father Jorge' Rose From Modest Roots Posted: 13 Mar 2013 09:52 PM PDT The new Argentine pope, Cardinal Jorge Mario Bergoglio, is known to shun the lofty trappings of a cardinal and prefers to be called "Father Jorge" rather than more formal titles like "Cardinal" or "your eminence."

Jesuits Had Past Struggles With Popes Posted: 13 Mar 2013 07:16 PM PDT Jorge Mario Bergoglio's election as Pope Francis brings new attention to his religious order, the powerful and controversial Society of Jesus, better know as the Jesuits.

New pope promises to bring new look to Church Posted: 13 Mar 2013 09:04 PM PDT VATICAN CITY (Reuters) - Argentine Cardinal Jorge Bergoglio's election as pope has broken Europe's centuries-old grip on the papacy, opening the doors on a new age of simplicity and humility for the Roman Catholic Church, mired in intrigue and scandal.

Google Reader Shutdown a Sobering Reminder That 'Our' Technology Isn't Ours Posted: 13 Mar 2013 08:50 PM PDT When Google announced Wednesday night that it was shutting down its Reader product, it was met with a reaction that wasn't just furious, but personal. Many angered Reader-ites took to Twitter, looking for some outlet to express their anger, with some shouting "Save Our Reader!" in the hopes Google would hear their cries and keep their product alive.

The Profitable Way To Break Up The Giant Banks Posted: 13 Mar 2013 08:33 PM PDT Don't punish the banks because you'll be punishing their all suffering shareholders. The proper solution obviously is to break-up the banks into their stand-alone parts. Without government pressure, voluntarily, strategically, with the proper stated purpose of benefiting the banks shareholders, who have not gotten anywhere near back to the price of the their shares in late 2006 or 2007. (C is selling at 5% of its peak price; BAC at 25%, GS at 60%) I'm told there are hints of this solution bubbling amongst the bank analyst fraternity. Spin off the asset management division that manages several hundred billion of other people's money into a public company that will have the multiple of a T. Rowe Price, or a BlackRock, which will have a transparent cash flow and sell at some price-earnings multiple higher than a bank today and behave according to the way the stock market behaves. It would be regulated by the SEC and be dependent on its own performance and not a bunch of financial activities with leverage that few can understand, much less put a dollar value on. Then, spin off the consumer banking operation into a separate stand-alone business. Its profit margins will be transparent as the spread between the bank's borrowing costs and the yield on the loans or mortgages it finances. I'd be willing to bet these operations, with more predictable earnings and a steady dividend would also sell at greater than 10 times earnings. These spin offs would be regulated by the Federal Deposit Insurance Commission (FDIC), which might well strongly suggest a cap on the leverage that can be used of between 10 and 15 times. Thirdly, the wholesale banking operations, the collateralized loans, the derivative positions, the futures, puts and calls would be in their own unit. Investors and analysts and regulators would be able to evaluate these institutions more rationally, especially if they are forced to disclose more exactly what they are doing globally and with whom. We need to know who is doing what to whom in numbers, in amounts of debt, even if we don't know the identity of all the counter-parties. It's not clear to me this spin-off could sell well above 10 times earnings because the profits might be volatile. It would be regulated by the Federal Reserve Bank, which has the sophisticated understanding to guard the public interest from another run on the banks.(See my blog "Don't Buy Another Share of a Bank Until You Read This Blog" To maintain clean lines of independence I'd propose different boards of directors for each spin-off-- possibly including some of the most prescient hardest working CEOS and directors of today's institution, who would not have executive power over the spin-offs. The empire builders who are only happy getting larger by acquisition should be retired with a copper parachute. For the spin-offs to be successful, they have to be autonomous. Tomorrow, I will have a look at Citigroup, BankAmerica, Wells Fargo, JP Morgan, Goldman Sachs, Morgan Stanley and try to describe what values might be created from this plan. I'd bet my net worth that creating three separate institutions for each of these giants will produce valuations greater than today's market prices. And be easier to manage without scandals and carelessness and terrible governance oversight-- and without the confusion of who is supposed to regulate their activities to keep their solvency.

Dealing with IRS Collection Action Posted: 13 Mar 2013 08:33 PM PDT To one of my posts warning of the perils of tax resolution schemes, reader Nick Sparagis commented: "Your article discusses what not to do. Can you tell people with tax issues what they should do? The IRS is horrible to deal with, so people need help." This article responds to Mr. Sparagis' request. Never Ignore Correspondence from the IRS

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