Saturday, January 7, 2012

Romney warns NH supporters not to ease off (AP)

TILTON, N.H. ? Republican presidential candidate Mitt Romney warned his supporters Friday not to rest just because polls show he has a commanding lead with those planning to vote in New Hampshire's primary next week.

"Those polls, they can just disappear overnight," Romney said as supporters enjoyed a spaghetti dinner. "What you say to a pollster is a bit like going on a date. It's like, `Well, I'm going to try this, but getting married, that's something else.' We need to make sure you're working real hard."

Romney has led in New Hampshire polls for months ? and two separate surveys out Friday show him up 20 percentage points or more over his closest rival, Rep. Ron Paul of Texas.

Two debates loom this weekend, and rivals Newt Gingrich and Rick Santorum are both looking to slow Romney ahead of the South Carolina primary if not in New Hampshire.

After weeks of insisting he wouldn't go negative, Gingrich has called Romney a liar. On Friday the former House speaker continued the criticism of Romney, saying that President Barack Obama would "laugh at him" in the general election.

Romney has defended negative campaigning as part of the primary crucible. But on Friday he insisted he would support the GOP's nominee and that "when it's all over we ought to be able to hug" and go on to defeat Obama.

"We'll put our egos and bruised feelings aside and come back and do what's the right thing for our nation," Romney said.

The former Massachusetts governor drew an enthusiastic crowd here. But he still faced a handful of difficult questions from those wondering, among other things, how he personally sacrifices to help the middle class.

"I'm a middle-class American like a lot of people here and we're all hurting, we really are," one woman said. "It's a little hard for me because I know you're a multimillionaire. I read that you have four houses. ... Would you be willing to give up some of that so that we middle Americans could get some tax cuts?"

Romney responded: "That's a good idea. OK, that's right. Let's see, well, I don't have four houses, that's No. 1, although it's a good idea. ... Thank you for the idea."

Romney, whose worth has been estimated at as much as $250 million, owns three homes, including one on Lake Winnipesaukee in New Hampshire.

Before returning to New Hampshire, Romney campaigned Friday morning in South Carolina with Sen. John McCain, the party's nominee in 2008. Romney criticized Obama's plan to shrink the military and focus more on Asia, calling it "inexcusable" and saying the policy must be reversed.

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Associated Press writer Thomas Beaumont in South Carolina contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/politics/*http%3A//news.yahoo.com/s/ap/20120107/ap_on_el_ge/us_romney

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Apple TV Is the New iPhone 5 of Tech Rumors (The Atlantic Wire)

Without the hope of the iPhone 5 anytime soon, the Apple rumormongers have turned to Apple TV for all of their tech-gadget fantasies. (Above, one of the many totally made up "concepts" that fanboys have posted to the Web.) Today we get the latest round, with USA Today igniting the 50-inch-screen possibility. And what do you know, the rumor mongers have gotten all chatty?-- even though that's an old bit of possibly, but probably not, true info.?

Related: Apple's Getting Serious About TV

The Apple rumor mill is a strong, passionate stream that will take the littlest, fakest nugget of information and churn it into lots of almost?convincing?blog posts. Apple just released a new phone, disappointing all the 5 hopefuls. The real 5 won't be coming out any time soon. And while there are still some 5 whispers, the 4S release quieted that narrative, at least for now. Now it's TV's turn. As soon as Apple gave the tiniest indication that it had revolutionary TV plans, via a?posthumous quote in Walter Isaacoson's Steve Jobs biography, the fanboys are eager to speculate. The rumors range from design to content possibilities to release dates.

Related: The iPhone 5 Is Probably Coming October 4th

And we can expect more to come. Apple doesn't release much information on purpose. The company will sit out this year's Consumer Electronics Show next week. While competitors showcase their offerings, Apple gets its free-publicity via the rumormongers, who will continue to speculate the TV of their dreams. Imagining a sleek, 50-inch, cord-cutting device that will take over the living room and make popcorn, too.?

Related: Survey: iPhone Could Gain on Android, BlackBerry Very Quickly

But like the iPhone 5, the Apple TV rumors can't live up to expectations. Rumormongers rarely get the details right,?as we saw with the iPhone 5. Many of the reports contradict each other. And, Apple ensures nothing slips out -- no matter how accurate the PhotoShop job looks, Apple didn't let its TV slip into some Apple obsessed blogger's hands.?

Source: http://us.rd.yahoo.com/dailynews/rss/applecomputer/*http%3A//news.yahoo.com/s/atlantic/20120105/tc_atlantic/appletvnewiphone5techrumors47021

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Thursday, January 5, 2012

Backers of Calif millionaire tax target Kardashian (AP)

SACRAMENTO, Calif. ? Kim Kardashian, the model who has parlayed reality TV fame into a personal fortune for her family and herself, is the target of a new online advertising campaign asking Californians to support a proposed ballot initiative to raise taxes on its wealthiest residents.

An online video from the Courage Campaign flashes images of Kardashian living the good life and proclaiming that "being on TV has changed my life, because you get lots of free stuff."

The video says Kardashian made $12 million in 2010 but paid just 1 percentage point more in California income taxes than someone making $47,000 ? 10.3 percent vs. 9.3 percent.

The video ad, which is posted at www.Taxkimk.com, urges Kardashian to support the proposal for a tax increase.

"Not everyone was born a Kardashian, but we all need to pay our fair share," it says.

A spokeswoman for Kardashian, Pearl Servat, did not immediately respond to a request for comment Tuesday from The Associated Press.

The Courage Campaign and the California Federation of Teachers are among the groups backing a so-called millionaire's tax that would raise income tax rates by 3 percent to 5 percent for individuals who make more than $1 million a year.

Proponents say the tax would raise about $6 billion to help fund public schools and local services that have been hit hard during the recession, such as social services, programs for the elderly and public safety.

Forbes magazine estimated Kardashian made $12 million in 2010.

Through their reality TV show, "Keeping Up with the Kardashians" and other promotions, Kardashian, her two sisters and their mother have created a celebrity brand name for themselves, appearing in endorsements for everything from weight-loss products to fast food.

Their father, Robert Kardashian, was an attorney and close friend of O.J. Simpson who played a prominent role in his murder trial.

After a lavish, made-for-TV wedding event last summer that reportedly netted the couple millions of dollars in royalties, Kim Kardashian filed for divorce in October, citing irreconcilable differences just 10 weeks after she wed NBA player Kris Humphries.

The couple's star-studded, black-tie ceremony was held at an exclusive canyon estate near Santa Barbara in the seaside enclave of Montecito. Kardashian wore three different designer wedding gowns, complemented by her 20.5 carat engagement ring. The couple's wedding registry at a Beverly Hills jeweler totaled $172,000 and included such items as a $1,650 coffee pot and two $1,250 sterling silver vegetable spoons.

The one-minute Courage Campaign ad flashes pictures of Kim Kardashian in fur and jewels, then compares her 10.3 percent income tax rate with that of a "middle-class Californian" who makes $47,000 a year and pays 9.3 percent.

"Don't you think she could pay a little more?" the ad asks as pictures of schoolchildren, firefighters and an elderly woman appear. "Especially to fund education and critical services?"

If the groups are successful in getting their tax initiative on the November ballot, they would likely pursue a television ad on the same theme, Courage Campaign spokeswoman Ana Beatriz Cholo said.

Source: http://us.rd.yahoo.com/dailynews/rss/celebrity/*http%3A//news.yahoo.com/s/ap/20120104/ap_en_ce/us_kardashian_millionaires_tax

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Google bans Siri knockoff from Android Market, but legit competitors persist (Appolicious)

Apple didn?t invent voice control when it rolled out its Siri personal assistant software with the iPhone 4S, but it definitely has garnered a lot of attention for the software. More than one Android developer is trying to get in on that popularity, some less legitimately than others.

Devices running Google?s Android mobile operating system have had voice control capabilities for a while now, but the thing about Siri is that it takes existing technology (voice-to-text and voice command tech have been around for years) and has found a way to make it work better than most people are used to. While I?ve watched my Android-owning friends repeatedly trying to use their voice control apps to find an address or call a loved one, often repeating themselves once or twice just to get the software on the same page, Siri is billed as being a lot more responsive and being able to understand a lot more speech more intuitively.

Siri is so popular that it?s seeing lots of attempts to get the iPhone 4S-exclusive software to other, older iOS devices, and it?s also seeing knock-off attempts in the Android Market. Google just banned an app that billed itself as Siri for Android, as GadgetBox reports. But there are other developers trying to catch Siri?s lightning in a bottle with real apps.

The Siri for Android app garnered at least 1,000 downloads before it was banned, GadgetBox?s story says. But the app didn?t pack the Siri software, instead it just presented a button on the device?s screen that resembled the Siri button on iPhone 4S displays, and that button just activated Android?s built-in voice control features.

Meanwhile, as SlashGear reports, two Android developers have teamed up to create a Siri-like app for Android that really can compete with Apple?s version. The app is called Iris, and is developed by Dextera. That developer is pairing with a competitor, ChaCha, in order to create a giant info database for Iris that will allow it to rival Siri, which draws its information from sources such as Yelp. ChaCha already has a giant database that allows users to type in their questions and get information from the Internet; pairing it with Iris brings in the voice-recognition side of the equation.

It?s likely that Iris and ChaCha will both be helping one another to improve in the future to keep up with Siri and provide an alternative that Android users can get behind. Meanwhile, Siri is going to be improving, too ? Apple released the software as a beta product, which means there?s still development to be done. Expect Siri to be more robust with the release of the iPhone 5, likely later this year. Hopefully Android developers will work hard to keep pace, and keep Android competitive with Apple?s popular new feature.

Source: http://us.rd.yahoo.com/dailynews/rss/software/*http%3A//us.rd.yahoo.com/dailynews/external/appolicious_rss/rss_appolicious_tc/http___www_androidapps_com_articles10654_google_bans_siri_knockoff_from_android_market_but_legit_competitors_persist/44064846/SIG=13sapffos/*http%3A//www.androidapps.com/tech/articles/10654-google-bans-siri-knockoff-from-android-market-but-legit-competitors-persist

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CITY VIEW: Smart investors can overcome the debt gloom

By John Chatfeild-roberts

Last updated at 5:52 PM on 3rd January 2012

Highly regarded fund manager John Chatfield-Roberts give his view on where to invest in 2012.

Normal assumptions about investing in share and bond markets have been turned upside down by Europe?s debt crisis. As a result, making investment decisions has become trickier than ever.

On the one side, there is the gloomy outlook for the world economy but on the other, some assets look attractively valued. Markets have swung like a pendulum as investors respond to these opposing pressures.

The start of a year changes nothing. Europe?s crisis rumbles on and predicting the final outcome is very difficult but further financial blood-letting will be required before the global economy can heal.

Knock-on effect: The eurozone's woes could take a heavy toll on world growth

Knock-on effect: The eurozone's woes could take a heavy toll on world growth

European politicians have treated this as a crisis of liquidity ? a temporary shortage of cash ? rather than one of solvency, where countries? finances are unsustainable.

As a consequence, the woes of the single currency zone could take a heavy toll on world growth. If there is a recession on the Continent, the UK will not be immune from the knock-on effects.

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The crisis has also created a dilemma for investors struggling to assess risk. Received opinion places cash and government bonds at the lower end of the risk spectrum and shares at the higher end. Now the concept has been turned on its head.

In a world in which sovereign debt and the banking system are under such strain, cash and government bonds may not offer the comfort investors usually expect. Even supposed ?safe havens? may not be as safe or as low risk as they appear.

Bonds issued by the UK and the US governments, for example, are currently in heavy demand as investors see them as a harbour from Europe?s woes. But if you analysed them in the same way as you would equities, you might think differently.

UK gilts, for example, currently pay a yield of under 2 per cent. This gives you no protection against inflation of 4.8 per cent, provides no dividend growth and is backed by a country with very high debts and weak long-term growth prospects.

Yet such is the demand that it is priced at highs not seen for over 100 years. One cannot put the US, although burdened by high debts, quite in the same category as the UK because the dollar is still the world?s reserve currency. But still, a yield of around 1.9 per cent on 10-year US Treasuries suggests this is not a cheap investment.

The shares of healthy multinational companies with strong balance sheets that can maintain good dividends look far more attractive.

Share prices may be more volatile in the short term but I would feel more confident owning a portfolio of high quality income stocks such as Glaxo and Shell, which have attractive valuations and healthy dividend yields of around 4.7 per cent and 4.4 per cent, than I would holding the bonds of most supposedly triple A-rated countries. Or, for that matter, the deposit accounts of most European banks. Such dividends are decent compensation for any short-term ups and downs in price.

Emerging markets were not a profitable place to invest in 2011 but prospects for some of these markets look brighter. China?s property market is looking sick but when the rapidlygrowing middle classes in these countries start spending on a western scale, we might witness a genuine de-coupling of the two-speed global economy. Investors need an eye to the long term to profit from this.

With a US recovery looking more likely its housing market, which has fallen over 30 per cent, appears to be bottoming out and given continued population growth, buying a house in the US now may prove a good investment decision long-term.

Even Europe will eventually recover; and markets will move to discount this well in advance of the problems actually being resolved.

Big crises have a habit of creating big investment opportunities therefore, over time, we can expect to see some wonderful opportunities unfolding.

John Chatfeild-Roberts

John Chatfeild-Roberts

At this stage though we remain defensively positioned. The point will come when the scales start to tilt back to favour increasing risk levels but we are not there yet. In 2012 investors need what Tolstoy called ?the two most powerful warriors? ? patience and time ? in order to get the most out of their investments.

John Chatfeild-Roberts, pictured right, is chief investment officer at Jupiter Asset Management

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Source: http://www.thisismoney.co.uk/money/investing/article-2081451/CITY-VIEW-Smart-investors-overcome-debt-gloom.html?ITO=1490

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