Lundi 23 mai 2011 1 23 /05 /Mai /2011 03:01

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barefoot shoesFor Republicans running for president in 2012, there’s a new political reality: Support Rep.Paul Ryan’s budget plan — or else.Newt Gingrich learned that lesson the hard way. After the former House speaker criticized the Medicare overhaul included in Ryan’s proposal as “right-wing social engineering,” conservative criticism rained down on him.Loading...CommentsWeigh In Corrections? Tweet Chris Cillizzawrites “The Fix”, a politics blog for the Washington Post. He also covers the White House for the newspaper and website. Chris has appeared as a guest on NBC, CBS, ABC, MSNBC, Fox

 

five finger shoesNews Channel and CNN to talk politics. He lives in Virginia with his wife and son. Archive Facebook YouTube Twitter “Here you’ve got Representative Ryan trying to bring common senseto this world of insanity, and Newt absolutely cut him off at the knees,” South Carolina Gov. Nikki Haley said in an interview with CNN. (An Iowa voter agreed: He confronted Gingrich and told him that his comments about the Ryan plan were “unforgivable.)Gingrich (Ga.), sensing that he was losing GOP primary voters less than a week into his candidacy, called Ryan (Wis.) to apologize.In the aftermath of the Gin­grich episode, former Utah governor Jon Huntsman was forced to get specific about the Ryan budget on Friday. He told ABC’s George Stephanopoulos he would have voted for the plan, “ including the Medicare provisions.”And Priorities USA Action, a political group run by two former White House aides, began

 

five fingers shoesairing an ad in South Carolina on Friday that criticizes former Massachusetts governor Mitt

Romney, who was visiting the state, over the Ryan plan. “Mitt Romney says he’s ‘on the same page’ as Paul Ryan,” the narrator says. “With Mitt Romney, you have to wonder: Which page is he on today?”There’s almost certainly more where that came from for the 2012 GOP contenders,who, before Gingrich’s struggles, had largely stayed away from engaging in the specifics of the Ryan plan — choosing instead to broadly praise its boldness.One candidate’s shakedown leaves the party shook up,” said Tucker Eskew, a longtime party strategist. “The reckoning was coming anyway, but this episode starkly reminds campaigns that entitlements are on the chopping block.”If Gingrich’s experience is any indication, it’s now clear that, for many Republicans, criticizing what Ryan laid out — and the House approved — amounts to apostasy.But it’s equally clear that, outside of a Republican primary electorate, supporting the

changes in Medicare that Ryan has proposed is politically perilous.In an Upstate New York special election to fill the seat of former congressman Chris Lee (R), Democrats and their allied outside groups have pounded away at Republican Assemblywoman Jane Corwin’s support for the Ryan plan. One ad being run by the Democratic Congressional Campaign Committee hits Corwin for backing legislation that “essentially ends Medicare.”New independent polling suggests that the Medicare attack has political legs. Medicare was the most important issue for voters in the 26th Congressional District in a Siena Research Institute poll. More than one in four voters age 55 and older called it the critical issue of the special election. That same poll showed Erie County Clerk Kathy Hochul (D) leading Corwin by 42 percent to 38 percent. Independent candidate Jack Davis received 9 percent.If Hochul goes on to win in Tuesday’s special election, expect Democrats to seize on the results in the district — one of only four that Sen. John McCain (R) won in New York state in 2008 — as evidence of the deep danger of the Ryan plan for Republicans at the ballot

box next fall.Of course, for the likes of Gin­grich, Huntsman and Romney, the political calculation is

more near-term and aimed almost entirely at a Republican primary electorate that has little

interest in candidates expressing something short of full fealty to spending cuts and debt

reduction.That means the next six months of the Republican primary race are likely to feature

candidates trying to outdo one another in displaying their commitment to fiscally

conservative principles — a rhetorical trend that could complicate downballot GOP

candidates’ attempts to distance themselves from the Ryan plan.I think candidates running for president should have a plan of action to deal with the

entitlement time bombs and our deficits and debt,” said former Florida governor Jeb Bush.

That would include President Obama [who] has been missing in action.”Said Gentry Collins, a former political director at the Republican National Committee:

The only way I can see around Ryan’s plan is to have one of your own that is every bit

as serious. I don’t see most campaigns wanting to do that, which I actually think is an

error in this environment, and therefore see them as having to be responsive to the Ryan

plan.”

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Jeudi 19 mai 2011 4 19 /05 /Mai /2011 03:07

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Louis VuittonIntel held its annual Investor Meeting today, where the chip maker talked software, the state of the business, as well as new hardware and leveraging microarcitecture leadership. This installment focuses on the business growth and financial aspects.With 43,905 United States employees and a rank of 62 on the 2010 Fortune 500 list, Intel is a huge company.  And with an over $10 billion dollar Q1 2011, Intel is doing quite well.During the investor meeting, Intel's CFO (Chief Financial Officer) Stacy Smith took the stage to talk about the company's financial performance and how the company is growing. One of the first points that he talked about was Intel's design and manufacturing advantages. Intel spends a great deal of it's capitol on R&D (research and development). and this investment in itself and the amount of research that is completed, allows the chip maker to maintain it's x86 market leadership. The company has also started acquiring other companies in an effort to differentiate itself from its competitors.

Louis Vuitton outletFor example, the recent McAfee acquisition has brought security and software engineers to Intel's portfolio, and will allow them to create security software solutions that can easily be paired with their hardware.Intel also stated that it is growing, and expects to sell even more hardware thanks to emerging markets and the rise in "cloud computing" requiring larger and more numerous data centers.  The chart above shows Intel's CAGR (compound annual growth rate), which is a number created by taking the nth root of the total percentage growth rate with "n" being the total number of years calculated.  It is a way for companies to describe the rate of investment growth if it grew at a steady rate (which is unlikely to happen in real life due to a dynamic and constantly changing market).  Including the company's projections for 2011, Intel is looking at a 12% CAGR for revenue and a 35% CAGR in EPS or earnings per share.Paul S. Otellini, who is the President and Chief Executive Officer for Intel reaffirmed Intel's growth by stating that 74.5 quintillion transistors shipped in 2010.  This rapid rise in growth can be attributed to cloud computing demands for more data centers, emerging markets adopting more computers, and Intel's interest in the mobile market.The historic part of the graph above shows the rise in traditional servers from 1995 to its highesd point in 2010 as the Internet becomes further adopted and more and more applications execute server side. 

Louis Vuitton bagsThe right side of the graph; however, shows Intel's projections for the future from 2010 to 2015.  They expect to see a massive increase in processor growth for data center market thanks to an influx of new cloud computing applications and networked storage.  Intel also stated that the company's latest Xenon processors are no longer second to Itanium for mission critical applications, and thus Intel expects a rise in Core processors for mission critical servers.  In 2010 alone, the company had $8.4B in revenue and $4.4B of operating profit.  In 2013, Intel forecasts a 15% growth in revenue with operating margins at ~50% for the data center group.From the PC Client Group, which encompasses both desktops and laptops, Intel had almost $7 million dollars for Q1 2011 revenue, which is at least $1 million more than Q1 2010.  Further, their reported Q1 revenue for 2011 is the highest that it has ever been between Q1 2008 and Q1 2010.  Their operating margins have also increased compared to 2008, with a 17% CAGR.  Intel also revisited the issue of high R&D budgets, and showed that the overall cost across platform segments have declined since 2008.  As research cost for new technologies increase, the cost to make wafers decreases.  Intel forecasts that for the Performance, Mainstream, and Atom platforms, the costs will continue to decrease into 2011 and 2012 while the Value platform will see a slight increase in 2011 and remain stable into 2012.Emerging markets are also responsible

Par charming
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Jeudi 19 mai 2011 4 19 /05 /Mai /2011 02:58

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barefoot shoesInternational Monetary Fund chief Dominique Strauss-Kahn is asking a second New York judge to release him on bail after being jailed on charges he sexually assaulted and attempted to rape a hotel maid in Manhattan. Strauss-Kahn has been held in New York’s Rikers Island jail complex since he was ordered held in custody at his arraignment May 16 before Judge Melissa Jackson. In a filing today in state court, Strauss-Kahn said he didn’t intend to leave the U.S. without court permission and waived his extradition rights. In the event I fail to voluntarily appear in the New York court for any such proceedings, I waive the issuance and service of the warrant provided by law for my extradition from the Republic of France or any other jurisdiction,” Strauss-Kahn said in an affidavit filed in court. A bail hearing is scheduled for tomorrow and may be heard by State Supreme Court Justice Michael Obus. Strauss-Kahn's proposal includes a requirement that he be confined to home detention 24 hours a day in Manhattan with electronic monitoring, in addition to posting $1 million in cash for bail, according to court filings. He previously surrendered his French passport to the District Attorney’s Office. His so- called laissez-passer travel document issued by the United Nations will be given to his lawyers, who will turn it

five finger shoes over to prosecutors, according to the filing. In denying bail, Jackson agreed with prosecutors that Strauss-Kahn was a flight risk. Every Incentive’ Assistant District Attorney John “Artie” McConnell told Jackson on May 16 that Strauss-Kahn had every incentive to flee. If convicted of the most serious charges against him, he could be sentenced to as long as 25 years in prison, McConnell said. McConnell also said France doesn’t extradite its nationals and that Strauss-Kahn has “substantial” resources and “an extensive network of contacts throughout the world.” Erin Duggan, chief spokeswoman for Manhattan District Attorney Cyrus Vance Jr., declined comment on tomorrow’s bail hearing. Mr. Strauss-Kahn’s history and background weigh

five fingers shoes strongly in favor of an order of release on bail,” his lawyers said in court papers. “Mr. Strauss-Kahn is a loving husband and father and a highly regarded international diplomat, lawyer, politician, economist and professor with no prior criminal record.” Washington Resident He has been married for more than 10 years to Anne Sinclair, who was born in New York, according to court filings. She completed part of her secondary schooling in the U.S. The couple has lived in Washington since November 2007, when he was named managing director of the IMF, according to the filing. A copy of a deed in Sinclair’s name to a Georgetown home bought for $4 million that month was included in today’s filing. At the May 16 bail hearing, Benjamin Brafman, Strauss- Kahn’s lawyer, asked Jackson to let his client stay with his daughter, who lives in Manhattan. Camille Strauss-Kahn is a graduate student at Columbia University and lives permanently on the Upper West side of Manhattan, according to today’s filing. To contact the reporter on this story: Karen Freifeld in New York Criminal Court at To contact the editor responsible for this story: Michael Hytha at U.S. stocks are more vulnerable to a rising dollar than at any other time in the past four

 

decades, according to Myles Zyblock, chief institutional strategist at RBC Capital Markets. The CHART OF THE DAY demonstrates the link by comparing the Standard & Poor’s 500 Index

 

with the Dollar Index in the past 12 months. The latter is inverted to show that gains in

 

stocks have accompanied declines in the U.S. currency’s value. Through the first four months of the year, the Dollar Index dropped 7.7 percent. The

 

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Jeudi 19 mai 2011 4 19 /05 /Mai /2011 02:56

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Louis VuittonWASHINGTON — Palestinian refusal to accept Israel's right to exist remains the primary impasse for Mideast peace, and not the recently revised dispute over territorial lines, the Republican US House majority leader said Sunday.Representative Eric Cantor, the most senior Jewish member in House history, also told the

 

Louis Vuitton outletpowerful American Israel Public Affairs Committee's annual policy conference that it was time for the Arab world and Palestinians in particular to stop "scapegoating" Israel and to earn their statehood by renouncing violence.A Palestinian "culture infused with resentment and hatred" over the Jewish state is stymieing the peace process, which has all but frozen in recent months, and whose future is

 

 Louis Vuitton bagsin turmoil with the Palestinian Authority recently signing a unity pact with Hamas, which Washington considers a terrorist group."It is this culture that underlies the Palestinians' and the broader Arab world's refusal to accept Israel's right to exist as a Jewish state," Cantor said told some 10,000 delegates at AIPAC's annual policy conference."This is the root of the conflict between Israel and the Palestinians. It is not about the '67 lines," he said to a rousing standing ovation."And until Israel's enemies come to terms with this reality, a true peace will be impossible."US President Barack Obama and Israeli Prime Minister Benjamin Netanyahu are caught in a bitter disagreement over Obama's vision for peace, which he said on Thursday should be based on pre-1967 territorial lines but must include land swaps to accommodate population

changes on the ground.Netanyahu bristled, bluntly telling Obama in the Oval Office that Israel would never go back to "indefensible" 1967 borders to make peace with the Palestinians.On Sunday, in anapparent bid to soften some of his outspoken criticism, Netanyahu said "thedisagreement has been blown way out of proportion," and that he the differences of opinion were "differences among friends."Cantor stressed the importance of US leadership on the peace process, but was quick to stress that responsibility laid in large part on the Palestinians -- especially president Mahmoud Abbas."If the Palestinians want to live in peace in a state of their own, they must demonstrate that they are worthy of a state," Cantor said."To Mr. Abbas, I say: stop the incitement in your media and your schools. Stop naming public squares and athletic teams after suicide bombers. And come to the negotiating table when you have prepared your people to forgo hatred and renounce terrorism -- and Israel will embrace you."

 

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