Saturday, 2 March 2013

Video: Expert on sequester: ?Cuts are not world-ending?



>> likes the cuts. everybody says they didn't want them. but i don't think we can say there was much of an effort to stop them. there is one 11th hour meeting. you've been there. behind closed doors , what happens? was this anything more than political theeter?

>> i do think they spent more time discussing how to deal with the next deadline which is at the end of this month and basically the funding mechanism for government throughout the rest of the fiscal year goes into effect. i think by the time leaders came to the white house yesterday the dye had been cast for several weeks. this is more about how to operate our fiscal situation going forward.

>> there's been a lot of talk about the president trying to get the message out there that he needs a little public outrage to carry this down the path he would like to see. yet, we see him changing the message saying this isn't going to be as dire immediately. how important is that message change to what he's trying to ultimately accomplish and will it work?

>> well, i think what you heard him say there is the cuts are arbitrary. they're dumb. and they will hurt the economy. i do think -- i mean apocalyptic is world ending. i don't think the cuts are world ending. i do think as they are phased in over a matter of weeks that you'll see the pain ratchet up, anything from threatening military readiness to making as much more inconvenient to travel by air, as kristen talked about, federal workers being furloughed. there's no doubt this will have an economic impact and that will be felt around the country.

>> it will be felt. do you think it will bring with it enough of that public outrage or are these cuts, in fact, here to stay?

>> well, i -- i'm going to answer yes to both of those questions. obviously the white house and democrats are betting on ramped up pressures as these cuts are phased in to bring republicans back to the bargaining table. i have to say, i think if you were betting today, it is far more likely that these cuts continue and are -- continue throughout this fiscal year than they are dialed back at this point. i think these cuts were implemented last night are here to stay for quite some time.

>> robert gibbs , nice to see you this morning. thank you.

Source: http://www.today.com/video/today/51016858/

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Construction spending mixed in January

Total residential construction in January was down 0.02 percent from December. Single family construction climbed 3.62 percent in January, but non-residential spending dropped 5.08 percent during that period.?

By SoldAtTheTop,?Guest blogger / March 1, 2013

This chart shows, in millions, the total value of residential construction put in place between 2004 and the beginning of 2013. Total residential construction slid slightly in January, dropping 0.02 percent from December 2012.

SoldAtTheTop

Enlarge

Today, the U.S. Census Bureau released their?latest read of construction spending showing mixed results in January with total construction spending and non-residential construction spending declining while single family residential construction spending improved. ?

Skip to next paragraph SoldAtTheTop

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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On a month-to-month basis, total residential spending declined 0.02% from December climbing 22.05% above the level seen in January 2012 while still remaining a whopping 54.97% below the peak level seen in 2006.

Single family construction spending climbed a notable 3.62% since December rising 30.21% since?Janaury 2012 but remained a whopping 68.00% below it's peak in 2006.

Non-residential construction spending declined a whopping 5.08% since December but still?climbing?3.95% above the level seen in January 2012 and remained a whopping 27.36% below the peak level reached in October 2008.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/4TAlHljcUPo/Construction-spending-mixed-in-January

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Friday, 1 March 2013

T-Mobile Q4 2012 revenue drops 5.2 percent to $4.9 billion, customers and income also fall

TMobile revenue drops 10 percent to $41 billion, customers and income down, too

It might be a good thing that T-Mobile's in the crosshairs of a MetroPCS merger, as the company again shed revenue, customers and profits. Total revenue dropped to $4.9 billion from $5.2 billion last year, while profits were down a whopping 25.1 percent over Q4 2011 to $1.05 billion. Meanwhile the company dropped 515,000 branded contract customers compared to 492,000 last quarter, representing a 'churn' rate of 2.5 percent, a slight improvement over last year. All that culminated in a rather miserable year for the carrier, which despite showing income of $4.9 billion for the year, took a whopping $11.3 billion in depreciation and impairment charges, resulting in a full year loss of $6.4 billion. Meanwhile, Deutsche Telecom said recently that T-Mobile would soon fall under its umbrella along with MetroPCS as early as April -- which sounds like it can't come soon enough.

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Source: Business Wire

Source: http://www.engadget.com/2013/02/28/t-mobile-revenue-drops-5-2-percent-to-4-9-billion/

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Caro wins National Book Critics Circle bio prize

FILE - In this Aug. 20, 2008 file photo, author and biographer Robert Allan Caro is interviewed in New York. Caro's fourth Lyndon Johnson book, "The Passage of Power," won the National Books Critics Circle biography prize Thursday, Feb. 28, 2013. It's the third time he has been honored by the critics circle. (AP Photo/Bebeto Matthews, file)

FILE - In this Aug. 20, 2008 file photo, author and biographer Robert Allan Caro is interviewed in New York. Caro's fourth Lyndon Johnson book, "The Passage of Power," won the National Books Critics Circle biography prize Thursday, Feb. 28, 2013. It's the third time he has been honored by the critics circle. (AP Photo/Bebeto Matthews, file)

FILE - In this Aug. 20, 2008 file photo, author and biographer Robert Allan Caro smiles during an interview in New York. Caro's fourth Lyndon Johnson book, "The Passage of Power," won the National Books Critics Circle biography prize Thursday, Feb. 28, 2013. It's the third time he has been honored by the critics circle. (AP Photo/Bebeto Matthews, file)

NEW YORK (AP) ? Author Robert Caro is again the critics' choice.

Caro's fourth Lyndon Baines Johnson book, "The Passage of Power," won the National Book Critics Circle biography prize on Thursday night. The 77-year-old historian has won virtually every literary honor for his Johnson series, from the Pulitzer Prize to the National Book Award to three prizes from the critics circle, founded in 1974, around the time he started on the LBJ books.

Caro is working on the fifth, and presumably last, volume. "The Passage of Power" covers LBJ's vice presidential years and the early weeks of his presidency, after President John F. Kennedy was assassinated.

The fiction winner was Ben Fountain's satirical debut novel about the Iraq war, "Billy Lynn's Long Halftime Walk," a finalist last fall for the National Book Award. The prize for general nonfiction was Andrew Solomon's best-seller about how families handle everything from hearing loss to mental illness to crime, "Far from the Tree: Parents, Children, and the Search for Identity."

Leanne Shapton's "Swimming Studies," an illustrated chronicle of her life as an artist and athlete, was the autobiography winner. Marina Warner's exploration of a storytelling classic, "Stranger Magic: Charmed States and the Arabian Nights," received the criticism prize. D.A. Powell's "Useless Landscape, or A Guide for Boys" was cited for poetry.

No cash prizes were given. Honorary awards were presented to reviewer William Deresiewicz and to Sandra Gilbert and Susan Gubar for their work in feminist criticism.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-02-28-US-Books-Critics-Prizes/id-d286022036414393bcf61b3ed32a70a1

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5 reasons Google should be very afraid of Samsung

Google takes pride in the fact that its Android mobile operating system has outpaced Apple's. But the truth is, Android phones don't outsell Apple phones, Samsung phones do. Apple, Amazon, Facebook, Microsoft ? these may be Google's main competitors, but it's Samsung that could be the search giant's biggest threat.

As Samsung launches the Galaxy Note 8.0 this week, and the upcoming Galaxy S 4, not to mention a fleet of new Smart TVs, here are five reasons Google should be afraid:

1. Phones, phablets, tablets and more
Samsung has been the largest phone maker in the world for a while, but for the better part of last year, it was even out-selling Apple in the profitable smartphone category. On the surface, this is good news for Google, since Samsung is the largest ambassador of Android phones.

But compare the interface on a Google-branded Nexus phone to the software on Samsung's best-selling Galaxy S phones. The fundamental operating systems are the same, but everything from the stock apps (calendars, email, media player, etc.) to the interactive services (voice command, wireless file sharing, etc.) are different. Critics (including me) generally prefer Google's "pure" Android experience offered by Nexus devices (which also get faster OS updates), but the masses don't seem to mind Samsung's interface. And with time, money and momentum on its side, Samsung can keep improving.

The bigger the device gets, the more problematic things are for Google. Android phone apps may be a roaring success, but Android tablets have barely any native apps, especially compared to what's built for iPad. As evidenced in the expanding Note line ? which just welcomed an 8-inch model ? you can expect to see more Samsung-only features and interface tweaks, and increasing cooperation between Samsung and its software partners.

2. Retail stores
In an age when big-box stores struggle, Apple can still brag of its unbelievable (and mostly unforeseen) brick-and-mortar store success. Former skeptics now believe that the best way for electronics makers to reach their customers is through direct shopping-mall and online sales. Google is building up the online side, but recently rejected the idea of a retail store. Meanwhile, Samsung has quietly built out an online sales site, and is starting to show the urge to build some Apple Store clones of its own. In the meantime, it has clout with Best Buy, other mall retailers and even cellular carriers that Google could only dream of.

3. Mobile payments
Google got the jump on the competition when it comes to using your phone as a credit card. Built-in near-field communication chips in its Nexus phones combined with the Google Wallet system lets you, in Google's words, "shop faster, smarter and safer, in-store and online." Apple has been slower to get into mobile payments ? its Passbook app is a useful tool for those already checking into flights and buying event tickets online, but it's not yet a vehicle for commerce in itself. Now Samsung is making its own move with its own app ? called Wallet.

While the system, as it stands, currently resembles Apple's Passbook more than Google's similarly named service, don't forget that Samsung has NFC built into most of its premium phones. Not only that, as the Verge points out, it has a partnership with Visa to use the credit card company's PayWave service.

4. Media store
About two years ago, I laughed when Samsung tried to get me to buy a movie via its service on a cellphone. The selection wasn't great, and what was I going to do, watch some outdated action film on a phone's 4-inch screen? The laughter has, substantially, subsided. Those screens have gotten bigger, and Samsung has sold a lot of phones with its media store pre-installed.

Meanwhile, Samsung has expanded its media sales to its Smart TV line, and the current Smart TV interface dedicates a whole page to Samsung media. In other words, while you can still buy movies for apps like Amazon Instant Video and Vudu, you'll soon most likely stumble over stuff first on Samsung's page. How soon till you're giving it your $3.99 for a movie rental, rather than your cable provider or the competition?

5. Apple TV
Google's already spent its ammunition on something called Google TV, which you likely never bothered to purchase. Apple TV exists now too, as a cheap little add-on for Mac, iPad and iPhone owners, but Apple may yet pop a full-size TV that's so user friendly, fanboys would drool like they haven't drooled since Steve Jobs was alive.

Only thing is, Samsung already has an answer to Apple TV, and from what we saw at the Consumer Electronics Show in January, Samsung isn't going to rest until it gets the interface right. Does it need Google's help to do it? Nope.

(Bonus dirt in Google's face: LG recently went out of its way to buy a third-party operating system, probably so it wouldn't have to rely on Android for its next-gen smart TVs.)

Maybe none of this matters to Google as long as it can keep making money on mobile ads on Samsung devices ? but according to a recent report in the Wall Street Journal, even this relatively safe haven could be threatened by Samsung's explosive growth.

Further reading:
Samsung sparks anxiety at Google - The Wall Street Journal

Eyeing Apple: How competitors are finally making phones consumers want - The New Yorker

Samsung takes a page from Apple's Passbook with new Wallet app - The Verge

'Next generation' Samsung smartphones to ship with Visa NFC payment system - The Verge

Android boss Andy Rubin says Google doesn't need a retail store - Business Insider

Samsung's new retail store clearly inspired by Apple - Digital Trends

Wilson Rothman is the Technology & Science editor at NBC News Digital. Catch up with him on Twitter at @wjrothman, and join our conversation on Facebook.

Source: http://www.nbcnews.com/technology/technolog/5-reasons-google-should-be-very-afraid-samsung-1C8593123

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Video: Smearing Hagel: the attacks continue



>>> we're back. chuck hagel 's now secretary of deference. it's a done deal. but not without a campaign to smear him by guilt by association . first the false story of hagel 's ties to a nonexistent group called -- there's no such thing. friends of hamas . and here was rand paul on the radio earlier this month talking about this as if it actually existed.

>> let me bring up one piece of information that ben shapiro at breitbart put out today. which is one of the foreign funders behind senator hagel that he has not yet disclosed formally is something called friends of hamas . if that is, in fact, true would that lead you to vote against mr. hagel ?

>> you know, i saw that information today also. and that is more and more concerning with each day there are new things coming out.

>> and then just a few days later senator ted cruz of texas questioned whether hagel had been financed by north korea . or saudi arabia .

>> we saw with his nomination something truly extraordinary. which is the government of iran formerly and publicly praising the nomination of a defense secretary . i would suggest to you that to my knowledge, that is unprecedented to see a foreign nation like iran publicly celebrating a nomination. it may be that he spoke at radical or extreme groups or anti-israel groups and accepted financial compensation. we don't know. but it is a minimum relevant to know if that $200,000 that he deposited in his bank account came directly from saudi arabia , came from north korea .

>> that is a joe mccarthy imitation if i've seen one. yesterday it continued with jim inhofe of oklahoma on the senate floor.

>> isn't it interesting, though, that iran supports chuck hagel 's nomination to be secretary of defense?

>> dana milbank is a columnist for the washington post and howard fine is great. he's editorial director for the huffington poet and msnbc analyst. thank you for jumping on this. i'm a student of that era. the way he looks, looks and behaves, the throwing out of names to make him look like a terrorist supporter.

>> it started with ted cruz . it seems to have spread out to the armed service committee. it's one thing. they are all congratulating themselves before the vote saying this is going to weaken chuck hagel . a difficult job being secretary of defense.

>> crystal was out doing that.

>> who made his job difficult? not only chuck hagel , they weakened the defense department and the united states .

>> they did a hot dog jump in the end zone on this, too. howard, this used to be sort of, you know, sacred. we protect our country. we have a secretary of defense and we leave him alone. here, they smeared him out front. he didn't get money from north korea , he's not running around with terrorists.

>> may i say it's interesting that none of the things they floated are true.

>> none.

>> none. zero. zero, zero. this is the worst combination of the worst instincts of the senate and the worst instincts of the republican party and the conservative movement all at the same time. it was a triple play there that was shameful. the fact is, it is true that there has never been a presidential nominee filibustered, certainly in this --

>> why did they do it again yesterday? i read their names, their name of infamy of people who voted for another filibuster knowing they weren't going to win.

>> chris, it's what dan alluded to. they are not thinking about the country. they are thinking about their base. they are thinking about showmanship for the interests of their base and not about the good of the country in this case. the guy's going to be defense secretary . he's going to be defense secretary . now he is defense secretary . if they wanted to go after him, they could have asked what his plan was to deal with the shrinking defense budget , which is going to happen.

>> what about afghanistan.

>> what about afghanistan? a whole host of things. they didn't do any of that.

>> the bad job they did. this guy, cruz, there's an outside possibility he doesn't know about the mccarthy period. his staff, if they are watching, show him movies, the way he sat there with the same prosecutor look like this guy is an evil person and watch the questions that mccarthy played and say my boss is acting like him. i don't think his staff knows who mccarthy is.

>> ted went to princeton.

>> he's immune to criticism.

>> he might have read about this at one point. they went a little overboard inventing the friends of hamas and antiseminichl.

>> what does it say, he says i've been stone walled. what's it mean? it means you don't talk.

>> they have not coughed up the information proving he was in the pocket of north korea . he didn't get the information.

>> they are still pushing this line?

>> yeah. he said what else can i say? i suggest he come out and say he's sorry.

>> i think there's a -- i agree with you on princeton doesn't guarantee you knowledge of the world. samuel lito is a graduate, also.

>> okay.

>> ted cruise is a guy, take a risk and say, this is a guy with enormous talent. he's completely misused it in this case. completely misused it in this case. i think it's too bad. i think the guy is very, very smart. by the way, i wouldn't want to watch all the mccarthy movies, i think he would be inspired by them.

>> there's a smirk there. justifiable hatred of communism. the question of how you treat fellow americans you disagree with and treat them like traitors.

>> there's a style of high accusation.

>> yeah.

>> that is mccarthy that this guy definitely has. there's no question about it.

>> are we going to see a change or watch them go further right?

>> watch them go further right and the democrats are taking notes here. when there's a republican president, they are going to say remember what they did to hagel ?

>> it looks like jack liu is going to get through. they are all going to get through.

>> in fairness of history, that's what they think they did.

>> george will thinks that. just trying to help you out.

>>> when we return, we finish with a moment, a movement for or against gun control. you can't be on the sidelines of this one. you're watching "hardball," the place for

Source: http://video.msnbc.msn.com/hardball/50980029/

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Rosa Parks honored with statue at Capitol

WASHINGTON (AP) ? President Barack Obama and congressional leaders unveiled a full-length statue of civil rights icon Rosa Parks in the Capitol Wednesday, paying tribute to a figure whose name became synonymous with courage in the face of injustice.

Parks becomes the first black woman to be honored with a full-length statue in the Capitol's Statuary Hall. A bust of another black woman, abolitionist Sojourner Truth, sits in the Capitol Visitors Center.

Obama said that with the installation of the statue, Parks, who died in 2005, has taken her rightful place among those who have shaped the course of U.S. history. He said her presence in Capitol would serve to "remind us no matter how humble or lofty our positions, just what it is that leadership requires."

Obama and House Speaker John Boehner jointly led the unveiling, standing with the statue between them as they grasped and pulled in opposite directions on the braided cord that held the covering. Congressional leaders in the House and Senate joined Parks' niece in tugging on the cord.

"We do well by placing a statue of her here," Obama said, "but we can do no greater honor to her memory than to carry forward the power of her principle and a courage born of conviction."

U.S. President Barack Obama (C) applauds after the unveiling of the Rosa Parks statue in the U.S. Capitol in Washington February 27, 2013. (From L-R) are Senate Majority Leader Harry Reid, House ... more? U.S. President Barack Obama (C) applauds after the unveiling of the Rosa Parks statue in the U.S. Capitol in Washington February 27, 2013. (From L-R) are Senate Majority Leader Harry Reid, House Speaker John Boehner and House minority leader Nancy Pelosi. REUTERS/Kevin Lamarque (UNITED STATES - Tags: POLITICS) less?

The statue portrays Parks seated, wearing a hat and clutching her trademark purse ? "a permanent reminder of the cause she embodied," said Senate Minority Leader Mitch McConnell.

The several hundred lawmakers, family and congressional staff who gathered for the ceremony in the vaulted hall rose to their feet and whooped as Boehner opened the ceremony.

"Here in the hall, she casts an unlikely silhouette ? unassuming in a lineup of proud stares, challenging all of us once more to look up and to draw strength from stillness," said Boehner, R-Ohio.

Parks is famous for her 1955 refusal to give up her seat on a city bus in Alabama to a white man, but there's plenty about the rest of her experiences that she deliberately withheld from her family.

While Parks and her husband, Raymond, were childless, her brother, the late Sylvester McCauley, had 13 children. They decided Parks' nieces and nephews didn't need to know the horrible details surrounding her civil rights activism, said Rhea McCauley, Parks' niece.

"They didn't talk about the lynchings and the Jim Crow laws," said McCauley, 61, of Orlando, Fla. "They didn't talk about that stuff to us kids. Everyone wanted to forget about it and sweep it under the rug."

He said more than 50 of Parks' relatives traveled to Washington for the ceremony.

In a pivotal moment in the civil rights movement, Rosa Parks refused to give up her seat on a city bus in segregated Montgomery, Ala. She was arrested, touching off a bus boycott that stretched over a year.

Senate Majority Leader Harry Reid, D-Nev., said Parks had "moved the world when she refused to move her seat."

Jeanne Theoharis, author of the new biography "The Rebellious Life of Mrs. Rosa Parks," said Parks was very much a full-fledged civil rights activist, yet her contributions have not been treated like those of other movement leaders, such as the Rev. Martin Luther King Jr.

"Rosa Parks is typically honored as a woman of courage, but that honor focuses on the one act she made on the bus on Dec. 5, 1955," said Theoharis, a political science professor at Brooklyn College-City University of New York.

"That courage, that night was the product of decades of political work before that and continued ... decades after" in Detroit, she said.

Parks died Oct. 24, 2005, at age 92. The U.S. Postal Service issued a stamp in her honor on Feb. 4, which would have been her 100th birthday.

Parks was raised by her mother and grandparents who taught her that part of being respected was to demand respect, said Theoharis, who spent six years researching and writing the Parks biography.

She was an educated woman who recalled seeing her grandfather sitting on the porch steps with a gun during the height of white violence against blacks in post-World War I Alabama.

After she married Raymond Parks, she joined him in his work in trying to help nine young black men, ages 12 to 19, who were accused of raping two white women in 1931. The nine were later convicted by an all-white jury in Scottsboro, Ala., part of a long legal odyssey for the so-called Scottsboro Boys.

In the 1940s, Parks joined the NAACP and was elected secretary of its Montgomery, Ala., branch, working with civil rights activist Edgar Nixon to fight barriers to voting for blacks and investigate sexual violence against women, Theoharis said.

Just five months before refusing to give up her seat, Parks attended Highlander Folk School, which trained community organizers on issues of poverty but had begun turning its attention to civil rights.

After the bus boycott, Parks and her husband lost their jobs and were threatened. They left for Detroit, where Parks was an activist against the war in Vietnam and worked on poverty, housing and racial justice issues, Theoharis said.

Theoharis said that while she considers the 9-foot-statue of Parks in the Capitol an "incredible honor" for Parks, "I worry about putting this history in the past when the actual Rosa Parks was working on and calling on us to continue to work on racial injustice."

Parks has been honored previously in Washington with the Presidential Medal of Freedom in 1996 and the Congressional Gold Medal in 1999, both during the Clinton administration.

But McCauley said the Statuary Hall honor is different.

"The medal you could take it, put it on a mantel," McCauley said. "But her being in the hall itself is permanent and children will be able to tour the (Capitol) and look up and see my aunt's face."

___

Associated Press writer Mark S. Smith contributed to this report.

Source: http://news.yahoo.com/rosa-parks-statue-unveiled-capitol-165811836.html

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