Thursday, March 28, 2013

BlackBerry Z10 (T-Mobile)


T-Mobile's version of the BlackBerry Z10 ($99.99) is very similar to the AT&T version. Read our full review of the AT&T BlackBerry Z10 and BlackBerry 10 OS for an in-depth look. There are a few unique considerations for those considering a BlackBerry on T-Mobile, though. Most notably, the Z10 is the first T-Mobile LTE phone that's comfortable to use in one hand. At press time, the only two handsets confirmed for T-Mobile's new LTE network are the Z10 and the Samsung Galaxy Note II, which is more of a tablet than a phone.

Here's the thing, though: That doesn't matter. Because T-Mobile's HSPA+ network is so fast, and its LTE network is so unformed, you shouldn't be making T-Mobile buying decisions based on LTE yet. Using speedtest.net on the BlackBerry Z10, I got 10-13Mbps down and around .8Mbps up. That matches the download speeds I expect to see initially on T-Mobile's 5x5 LTE network. Upload speeds will be much faster on LTE, but the HSPA+ and LTE experiences will be more similar than on any other carrier.

Since T-Mobile has so little LTE, I'm very happy to see that there's an LTE toggle under network settings. Even better, you can mix and match whichever networks you want. Want 2G only? Sure. LTE and HSPA+ but not EDGE? I have no idea why you'd do that, but go for it.

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Unfortunately, the Z10 is missing two of T-Mobile's most compelling network features: Wi-Fi calling and HD Voice. The lack of Wi-Fi calling may hurt for older T-Mobile BlackBerry owners, who've become used to the feature protecting their phone calls in rooms with no T-Mobile signal. The lack of HD Voice is just a missed opportunity. Like the AT&T Z10, the T-Mobile version is a very good voice phone. But HD Voice adds a richness to calls that could have helped set this device apart.

As expected, the T-Mobile Z10 benchmarked exactly the same as the AT&T model. I tested battery life on the HSPA+ network and got 7 hours, 33 minutes of talk time, pretty much exactly the same as I saw on the AT&T Z10. The 1800mAh battery just isn't quite enough for a day of heavy use.

T-Mobile will offer the lowest monthly cost in the U.S. for a BlackBerry Z10, but not always by much. For a Z10 with unlimited talk, text, and 2.5GB data, the carrier will charge $60 per month with no contract, and if you buy the phone for $99.99 with no contract, you'll have to pay $18 per month for 24 months to cover the subsidy. Unlimited data will cost $70 a month, plus $18 per month for 24 months. Verizon charges $60 per month for unlimited talk, text, and 2GB data, with each additional 2GB adding $10 a month. This all compares favorably to AT&T's monthly plans, where 450 talk minutes, unlimited text, and 3GB of data costs $89.99.

Everything I said about the AT&T Z10 still applies here, possibly even more so because the Z10 lacks the T-Mobile differentiators of Wi-Fi calling and HD Voice. While the Z10 is a good phone with many positive aspects, the Android, Apple, and Microsoft ecosystems are all more compelling overall. BlackBerry has a better chance with the Q10, with a hardware keyboard that's relatively rare in the industry and which really plays up BlackBerry's superior messaging prowess.

Several phones I want to recommend on T-Mobile aren't quite here yet: the BlackBerry Q10, the Samsung Galaxy S4, and the HTC One are all coming in the next few months. For now, the LG Nexus 4 is the best bet on the carrier, and at an unbelievable $49.99 right now, it's an absolute steal. While it doesn't have LTE, the Nexus 4 has excellent HSPA+ performance and the latest version of Android, which is at the moment, a much more well-developed ecosystem than BlackBerry 10.

Source: http://feedproxy.google.com/~r/ziffdavis/pcmag/~3/aK_Q6XEgInQ/0,2817,2416857,00.asp

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Fisker puts US workers on furlough to conserve cash

Fisker puts US workers on furlough to conserve cash

Fisker's cash reserves have been in trouble ever since its Department of Energy loans were frozen, and now its putting its US workforce on furlough to keep money in the bank while it searches for a partner with deep pockets. "This is a common practice, particularly in the automotive industry, to manage costs and operations based on current activity levels and commercial requirements," said Fisker, which has over 200 employees in America, in a statement concerning the unpaid leave. Considering that battery woes and other mishaps have contributed to keeping assembly lines quiet, current activity levels are indeed low. Reuters says the automaker hasn't built a car since July, and it's coming up against a federal loan payment in late April. According to the outlet, Fisker was aiming to partner with Chinese auto companies that could bolster its finances, but talks are said to have crawled to a stop. Regardless, the firm is still on the lookout for an investor to fuel the production of its Atlantic hybrid.

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Source: Reuters

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/ESgcYwSHI88/

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Wednesday, March 27, 2013

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb Yes, Google Reader is going away, and yes, there are great alternatives. However, if you're tired of web services shutting down on you, why not take matters into your own hands? Tiny Tiny RSS is a free, open-source syncing RSS platform with more features than Google Reader ever had, and it can't get shut down. Here's how to install it and set it up.

What You'll Get

Setting up Tiny Tiny RSS requires a little patience, but it's deceptively easy. I had my instance set up and web-accessible within a few hours, and I spent a few more tweaking all of the settings and options just the way I wanted them. At the end of the day you'll have a web page that you can visit at any time, on any device, to read all of the latest articles from the blogs you subscribe to. Tiny Tiny RSS supports filters and labels, so you can organize those feeds into categories, filter out the stories you don't want, and organize them so you read the interesting things first. You can also score feeds, so the blogs you like the most float to the top. There are more features than we have time to get into, but you can read more about them here.

Tiny Tiny RSS also has an Android app (sorry, no iOS app), a mobile-friendly web interface, a Chrome extension, and more third-party supported apps. There's even an XBMC client if you want to read your feeds on the big screen.

There are some things you won't get with Tiny Tiny RSS that Google Reader offers, though. For example, you won't get such a broad array of third party apps and clients. Sadly, Tiny Tiny RSS can't be used with your favorite desktop or mobile feed reader like Reeder or NewsRob. Plus, it's definitely harder to set up than just importing all of your feeds to Feedly. Even so, if you want ultimate control over your news reading, and you want something that'll never shut down on you, Tiny Tiny RSS Is worth setting up.

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb

What You'll Need

Installing Tiny Tiny RSS isn't difficult, but you'll definitely need a few things before you begin:

  • A web host that supports PHP and MySQL. I used Dreamhost, since they have Linux web servers, they support PHP and have it installed already, and make setting up MySQL databases a one-click affair. Alternatively, if you don't want to use a web host, you can install Tiny Tiny RSS on a Linux computer you have at home. It's a bit more complicated, and you'll need to install PHP and MySQL on your own, but it's not too hard. We're going to focus on web servers in this how-to, so check out Linux.com's how-to guide here if you want to use your own Linux server.
  • How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the CurbA URL for remote access. You may want to buy a domain name so you can just type "www.myrssreader.com" in your browser to get to your Tiny Tiny RSS instance. If you already own a domain (and most of you do), it's easier (and cheaper) to just use a sub-domain of a URL you already own. For example, I used "reader.novawerks.net" for my Tiny Tiny RSS installation. Dreamhost had it up in minutes and it didn't cost me anything.
  • The latest version of Tiny Tiny RSS to install. The archive you download will include all of the files you need to install the application and set up the database.
  • Your exported Google Reader subscriptions. Here's our step-by-step guide to exporting your Reader data. You'll need the subscriptions.xml file that you get after using Google Takeout.

Tiny Tiny RSS was meant to be installed on Linux computers that you have complete control over, like a Linux box in your house. Since most people don't have their own Linux web server, we're going to walk you through installing it on a web hosting company's servers?which we won't have complete control over. The developer behind TTRSS says that using this kind of hosting isn't supported. I think that's silly, and I'm willing to bet that this is a matter of support and personal preference, not functionality. Basically, if you use something like Dreamhost, you won't be able to get any help from the developer if something goes wrong. If you want that support and control, you'll need to use a dedicated Linux server as described above.

Step One: Prep Your Web Server and Create Your Database

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb Like I mentioned above, I used my web hosting company (Dreamhost) for this, so PHP was already installed, and creating the MySQL database for TTRSS was easy. Most web hosts have similar features, and will give you a web interface to create databases and users. If not, you'll have to use the command line. With that in mind, follow the corresponding instructions below:

Via the web interface: Check with your hosting provider to make sure that they meet the prerequisites. Odds are they'll make it easy for you and you can skip forward to step two. In most cases, once you've logged in to your host's management page, there's a wizard that will help you create a MySQL database and create its first user at the same time. Name the database and user whatever you want. Give the user a strong password to keep it secure. You can see how I did it with Dreamhost (using some example names) in the image to the right.

Via the command line: If your host doesn't offer one-click tools or a GUI to create a MySQL database (or you prefer the command line), it's not too difficult to do at the command line. Use your favorite terminal app (I use PuTTY in Windows and iTerm on the Mac) to connect to your web host (Open the tool and type slogin yourusername@mydomain.com. You'll be prompted for your password. Your username and password here are created through your web host, so check with them if you're not sure how to connect.) To create the database, type:

mysql -u root -p -h mysqlhost.mydomain.com CREATE DATABASE ttrssdb

In this example, your database is called "ttrssdb," and you should replace mysqlhost.mydomain.com in the above command for the name of the host where your SQL database will live. In my case, I had a separate hostname for my SQL database, but if you're running everything on the same system, you can omit -h mysqlhost.mydomain.com from the command to create the database on your local host.

To create the database user, type:

mysql -u root -p -h mysqlhost.mydomain.com GRANT alter,create,delete,drop,insert,update,select ON ttrssdb.* TO ttrssdbusername IDENTIFIED BY strongpassword

Again, change the fields in italics to what you want them to be, and omit the -h mysqlhost.mydomain.com if you're setting this all up on the same computer.

Step Two: Install Tiny Tiny RSS and Set Up the Database

Once your server is prepped, now all we have to do is install and configure Tiny Tiny RSS on it. First, download the latest version of TTRSS from the developer's site. It'll come as a tarball (a .tar.gz file), so make sure you have an app like 7-Zip (Windows, Free), The Unarchiver (OS X, Free), or PeaZip (Linux, Free) ready if you want to use an app to unpack it.

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb

Once you've unpacked the archive, look in the "schema" folder for the database schema (that is, the file that will build and organize TTRSS's database) that corresponds to the database software you're using. The ttrss_schema_pgsql.sql file is for PostgreSQL, and the ttrss_schema_mysql.sql file is for MySQL. You can import the schema either via command line or using the GUI for your database software. My host offers both command line access and PHPMyAdmin to manage my database.

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the CurbVia the web interface: First, go to the URL for your database. In this case, it's "mysqlhost.mydomain.com," and log in with the username and password you created earlier. Click the "import" tab at the top of the page, and then browse to the schema file you want to import (ttrss_schema_mysql.sql). PHPMyAdmin should detect the file format automatically. Click "Go," and wait for the import to complete.

Via the command line: The first time I imported the schema, it timed out on me, so I was worried it didn't import correctly. I decided to double-check by re-importing it via the command line. To do this, type:

mysql -u ttrssdbusername -D ttrssdb -p -h mysqlhost.mydomain.com < schema/ttrss_schema_mysql.sql

You'll be prompted for the password for that user account, but assuming you're in the directory you've created for Tiny Tiny RSS, the schema will be imported after a moment or two.

At this point, Tiny Tiny RSS is installed, your database is up and running, and you've imported your schema. The only thing left to do now is to connect Tiny Tiny RSS to your database and tweak some of the application settings.

Step Three: Connect Tiny Tiny RSS to Your Database

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb

Go back to your Tiny Tiny RSS folder and find the config.php-dist file in the root directory. Make a copy of it, rename it config.php, and open it with your favorite text editor, whether in the command line (pico, vi, emacs, whatever) or by downloading it and opening it with something like Notepad++. If you edit it on the desktop, just make sure to re-upload it with the proper name so your changes take effect.

The fields at the top of the file are the most important, and the ones you need to change in order for TTRSS to find and log in to your database server. Review the entire file though, just to make sure none of the options are things you want to toggle. We'll tweak some of the additional settings later, but here are the basics, using the example names we've been using so far:

define('DB_TYPE', "mysql"); // or mysql
define('DB_HOST', "mysqlhost.mydomain.com");
define('DB_USER', "ttrssdbusername");
define('DB_NAME', "ttrssdb");
define('DB_PASS', "strongpassword");
//define('DB_PORT', '5432'); // when neeeded, PG-only

Unless your SQL database is on a server using a non-standard port, you probably won't need to define the DB_PORT. If you're running everything on the same system, leave DB_HOST blank or as "localhost." Of course, you should have your own usernames, domain names, and passwords to fill in here, but you get the gist.

Next, scroll down to the basic settings:

define('SELF_URL_PATH', 'http://yourserver/tt-rss/');

The SELF_URL_PATH is the domain where TTRSS is currently installed. If you installed it at http://yourdomain.com/ttrss, fill that in. If you set up a domain and installed TTRSS at its root, just type in the name of the domain, like http://myttrssdomainname.com/. If you're installing everything on the a server at home, this is where you'll put in your Dynamic DNS URL. There are more to set up, but these are the ones required to connect TTRSS to your database successfully. Now we're ready to log in for the first time.

Step Four: Log In and Import Your Feeds

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb If you've set everything up correctly, you should be able to go to http://yourdomain.com/ttrss or http://myttrssdomainname.com/ and see a login screen. Congratulations! The default credentials are "admin" and "password," so once you're logged in, the first thing you should do is change the password. Click the Actions menu at the top-right corner of the screen and select Preferences. You should see Personal Data/Authentication near the top of the screen. Click that and you'll see the password change screen. Give yourself a nice strong password and save it.

Next, let's import your feeds. If you haven't exported your subscriptions from Google Reader, now's the time to do it. Check out our step-by-step to get your data out of Google Reader, and once you have your subscriptions.xml file, here's how to import it to TTRSS:

  1. Click the Actions menu at the top right corner of the screen and select Preferences.
  2. Click the Feeds tab, and look for the "OPML" option near the bottom of the screen. Click it to open that frame.
  3. Click Choose File to browse your hard drive for your subscriptions.xml file. Select it, and click OK.
  4. Click the Import My OPML button to begin your feed import. If you have a lot of subscriptions (especially if some of them are defunct or now dead) this may take a while. Grab some coffee.

When your import is complete, click the Exit Preferences button in the upper right to go back to the main view. Even if your import seems like it's errored out (this happened to me a couple of times,) it probably imported your feeds okay anyway. You should see all of the subscriptions TTRSS imported in the sidebar, organized the same way they were at Google Reader?if you had folders, they should have come over with you. If you want to edit, rename, color-code, or re-categorize a feed, it's easy?just click to select it in the sidebar, and click the Actions menu to see all available options for it.

To add new feeds, click the Actions menu and select Subscribe to Feed. If the feed you want to subscribe to requires a login and password, check the "This feed requires authentication" box and you'll see fields to enter your credentials. If some of your feeds were imported with errors, or they're dead and TTRSS can't resolve them, highlight them on the left sidebar, then click Actions and Unsubscribe to remove them from your list.

Step Five: Tell Tiny Tiny RSS to Update Feeds and Update Itself Automatically

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb Now its time for a few advanced tweaks that will make your experience a little better. Here's how to make TTRSS update your feeds without doing it manually and how to get automatic updates to the application when the developer releases them:

Make TTRSS Update Your Feeds Without Help

By default, Tiny Tiny RSS only updates feeds when you double-click on them. If you want them to update automatically, you have a few options. You can either tell Tiny Tiny RSS to update quietly in the background while you're using the site and reading other feeds (and you can always update manually by double-clicking a feed name,) or you can run a background process on your linux server that will keep your database up to date even when you're not using the webapp.

The latter is the most foolproof method, but most web hosts aren't about to let you run a background process all the time, even when you're not logged in. However, if you're running TTRSS on your own linux box, check out the Updating Feeds page in the Tiny Tiny RSS Wiki for more information on how to set this up.

I opted for the former method, partially because I'm using a shared host, but also because it's just easier to set up. Open up your config.php file in a text editor, and scroll down "SIMPLE_UPDATE_MODE" and change its flag from "false" to "true." This will make TTRSS update your feeds for you every 30 minutes (by default, you can change this in the Preferences) as long as you're logged in. Set it as a pinned tab, and you'll never have a problem.

Get Application Updates Automatically

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb When I started playing with Tiny Tiny RSS, I was using version 1.7.3. The night after I got everything set up the way I wanted it, the developer released version 1.7.5. There is a built-in updater in TTRSS, but you have to turn it on first. Go back to your config.php file, and look for this field near the bottom of the file:

define('PLUGINS', 'auth_remote, auth_internal, note');

Change it to look like this:

define('PLUGINS', 'auth_remote, auth_internal, note, updater');

This enables the updater plugin (I have no idea why it isn't enabled by default) and opens up a new option in the Preferences menu called "Update Tiny Tiny RSS." Click it to check for updates, or to download and install an update if one is available. Again, this tweak works best if you're running TTRSS on your own server or an instance you control. I had trouble with it and wound up updating manually anyway (more on that here), so your mileage may vary using it.

Grab the Tiny Tiny RSS Android Client for On The Go Reading

How to Build Your Own Syncing RSS Reader with Tiny Tiny RSS and Kick Google Reader to the Curb Tiny Tiny RSS is well suited for mobile browsers, but it's not perfect. If you'd like to take your subscriptions on the go, download the Tiny Tiny RSS client for Android. It takes a few seconds on the settings page to set it up to work with your TTRSS installation (type in your URL, your username, your password, and customize the settings the way you like) and in moments you'll be reading your feeds on your Android phone.

The app has settings for HTTPS if your instance is running via SSL, and you can tell it to download feed icons and categories if you want to browse your feeds the same way you would on the web. You can tweak the article text size, enable full-screen mode for easy reading, and more. There are even a few themes to choose from. The Android app is free for seven days?after that you'll need to shell out $1.99 for the unlock key either via Google Play or in-app purchase.

Additional Reading

While this guide walks you through setting up a fully-functional Tiny Tiny RSS instance and importing your feeds, it's still just the tip of the iceberg when it comes to all of the features and options available in the app. Want a daily digest of your subscriptions and all your unread stories? TTRSS can send you one (if you enable it in the preferences and enter your SMTP server settings in your config.php file). Want to float interesting articles to the top? You can score feeds so the ones you enjoy reading appear at the top of your list. You can even completely tweak the layout and design with custom CSS. Dive into the app settings and explore!

For more information, additional reading, or if you run into trouble and need some help, check out these links:

Since Tiny Tiny RSS is free and open source, you could even create additional users for your friends and share your install and let everyone import their own subscriptions, and use it without any fear that it'll shut down on you. In fact, we've already seen a number of people send us their own version of "the next Google Reader/the best replacement for Google Reader," which is really just a skinned instance of Tiny Tiny RSS (so look out for that, too, especially if someone's charging money for it!)

If you do plan to build an instance for your friends, or you want something more reliable, grab a dedicated server or a VPS to install and run Tiny Tiny RSS on. Even better, consider carving out a little space on Amazon Web Services' free tier and setting it up there?it's an ideal cloud-based, affordable option whether you want to use it on your own, or you want to open the doors to your friends and build a Google Reader replacement for you all to use. You can let someone else manage the back-end, and as long as you keep it alive, you'll have a true Google Reader replacement that's leaps and bounds better than the original. Bonus: You control it, and it'll never go away unless you want it to.

Source: http://feeds.gawker.com/~r/lifehacker/full/~3/prxvTM4HStM/how-to-build-your-own-syncing-rss-reader-with-tiny-tiny-rss-and-kick-google-reader-to-the-curb

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Meteorites reveal the secrets of last month's Russian fireball

Shards of meteorite, remnants of the fireball that streaked across Russia's skies on February 15, are giving scientists clues to the composition and origin of the space rock.

By Leonard David,?Space.com / March 21, 2013

A meteor streaked across the sky of Russia?s Ural Mountains on Friday morning, Feb. 15, causing sharp explosions injuring over 100 people, including many hurt by broken glass. Scientists have recovered broken fragments of the superbolide and are examining them for clues to its origin.

Nasha gazeta, www.ng.kz / AP

Enlarge Photos

Scientists studying small pieces of the meteor that exploded over the Russian city of Chelyabinsk on Feb. 15 are working to glean new insights into the rare impact by a space rock.

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Based on the meteorite analysis, researchers have determined that last month's meteor explosion in Russia ? which scientists call a superbolide ? produced a shock wave that reached the ground. That shock shattered windows and injured some 1,500 people due to flying glass.

The blast also created a shower of stony meteorites that fell to Earth in an impact region more than 60 miles (100 kilometers) long.

Thinly sliced meteorites

Some of the Chelyabinsk meteorite samples have made their way to planetary scientist Larry Taylor, director of the Planetary Geosciences Institute at the University of Tennessee in Knoxville, who obtained the superbolide samples with the help of Russian colleagues.?

"I got three pieces that were completely coated with black fusion crust. The total of them is less than 10 grams," Taylor told SPACE.com here at the 44th Lunar and Planetary Science Conference.

Initially, the meteorite specimens were polished and thinly sliced for a detailed inspection under a petrographic microscope. The device is a type of optical microscope used in petrology and optical mineralogy that scientists are employing to identify rocks and minerals within the thin meteorite slices.

The small samples will undergo further scrutiny over the next few months, Taylor said.

"We've just started to skim the top of it," he added.

Tapping into superbolide secrets

Taylor and his associates are now deciding the best tactics to further reveal what stories the specimens have to tell.

"The magnitude of the explosion led a whole lot of us to believe that it must have been a very volatile-rich meteor that was coming in ? because it exploded so vigorously," Taylor said. Volatile materials are those that evaporate easily. ?In fact, everything we found so far points to an ordinary chondrite."

About 90 percent of stony meteorites are classified as ordinary chondrites, space rocks that are lacking in volatile materials.

"It is ordinary because it's common," Taylor said. "But it is special because it contains such a wide array of things ? a whole menagerie of things all in one."?

Source: http://rss.csmonitor.com/~r/feeds/science/~3/-mNZ-WM7BWo/Meteorites-reveal-the-secrets-of-last-month-s-Russian-fireball

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Singer Dionne Warwick files for bankruptcy

(Reuters) - Grammy Award-winning singer Dionne Warwick has filed for bankruptcy in New Jersey, citing tax liabilities she has attributed to financial mismanagement, her publicist said on Monday.

Warwick, 72, known for "Do You Know the Way to San Jose?" and other popular songs, filed the petition on March 21 in the U.S. Bankruptcy Court in New Jersey, the state where she was born and currently lives. She listed total assets of $25,500 and total liabilities of more than $10.7 million, nearly all tax claims by the Internal Revenue Service and the state of California, according to the filing.

The personal bankruptcy filing was due to "negligent and gross financial mismanagement" in the late 1980s through mid-1990s, Warwick's publicist, Kevin Sasaki, said in a statement.

The IRS and California tax claims total more than $10.2 million, mostly from the 1990s, according to the petition, which listed Warwick's average monthly income as $20,950 and expenses at $20,940.

Sasaki said the actual back taxes owed had already been paid, but the penalties and interest has continued to accrue.

"In light of the magnitude of her tax liabilities, Warwick has repeatedly attempted to offer re-payment plans and proposals to the IRS and the California Franchise Tax Board for taxes owed," Sasaki said. "These plans were not accepted, resulting in escalating interest and penalties."

A five-time Grammy winner, Warwick took her first in 1968 for "Do You Know the Way to San Jose?" and her second two years later for the album "I'll Never Fall in Love Again."

(Reporting by David Bailey in Minneapolis; Editing by Lisa Shumaker)

Source: http://news.yahoo.com/singer-dionne-warwick-files-bankruptcy-051621939.html

New Pope

Stock futures drop on renewed euro zone worries

By Angela Moon

NEW YORK (Reuters) - Stock futures fell on Wednesday, after a robust rally a day earlier, as soft demand at an Italian debt auction sparked fresh jitters over the financial health of the euro zone.

The Dow climbed more than 100 points Tuesday to another record close, and the S&P 500 rose to within striking distance of its all-time closing high, on optimism about the economy.

"I suspect that we are seeing institutions reposition their positions and the new worries from Europe are causing a bit of technical hiccup in the market today after a solid day yesterday," said Peter Cardillo of Rockwell Global Capital in New York.

Italy paid more to borrow over five years than it has since October at an auction Wednesday as lack of progress in forming a new government and worries about Cyprus's bailout hit demand. The treasury sold $5 billion of the new June 2018 bond at a yield of 3.65 percent, two days after an election in which no party won enough seats to govern.

Cyprus is finalizing capital control measures to prevent a run on its banks by depositors anxious about their savings, after wealthy depositors were penalized under a rescue package agreed with international lenders. Cypriot banks are due to reopen on Thursday.

European stocks slid and the euro currency fell to a four-month low against the dollar on Wednesday. <.eu/>

U.S. investors awaited data on pending home sales for February, due at 10:00 a.m. EDT (1400 GMT).

S&P 500 futures fell 8.1 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures lost 64 points, and Nasdaq 100 futures fell 13.25 points.

As Boeing works to regain permission for its 787 Dreamliner to resume flights, the company faces what could be a costly new challenge - a temporary ban on some of the long-distance, trans-ocean journeys the jet was intended to fly. The stock fell 0.3 percent in premarket trade.

BlackBerry will be in focus after data released Tuesday showed short interest in the stock is at record levels and has more than doubled over the course of the last year. Shares were down 0.4 percent in premarket trading.

T-Mobile USA said Tuesday it will start selling Apple Inc's iPhone on April 12, making it the last of the big national U.S. operators to sell the popular smartphone. The No. 4 U.S. mobile provider hopes the device can help stem customer losses.

Wal-Mart Stores Inc said Tuesday it is "probable" the company will incur losses relating to allegations that its representatives had bribed officials in Mexico to speed up expansion there. The stock was off 0.5 percent in premarket trading.

U.S. prosecutors are examining whether JPMorgan Chase & Co fully alerted authorities to suspicions about fraudster Bernard Madoff, the New York Times reported, citing people with direct knowledge of the matter. The stock was off 0.8 percent in premarket trade.

(Editing by Bernadette Baum)

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Report: Sanctions may be speeding Iran's nuclear advancement

Interviews with Iranian officials and others reveal that tough sanctions are hurting Iran's economy ? but may also be encouraging defiance by a regime more worried about any appearance of capitulation.

By Scott Peterson,?Staff writer / March 26, 2013

A view of the inside of a shopping mall is seen in northwestern Tehran in this February 2012 file photo. Iranian officials now admit that the US-led sanctions regime against Iran is damaging its economy.

Morteza Nikoubazl/Reuters/File

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Even Iranian officials now admit that the US-led sanctions regime against Iran is damaging its economy.

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But the pressure has failed in its primary aim:?to slow Iran?s nuclear progress. That has become obvious to the US and European officials imposing crippling sanctions, as has the fact that sanctions may have even sped up Iran's nuclear advancement.

A report released today ? based on?30 in-depth interviews with Iranian officials, analysts, and businessmen ? explains?that dilemma and Iran?s determined defiance to Western policymakers, who will conduct a fifth round of nuclear negotiations with Iran in Kazakhstan next week.

The report's conclusions provide a rare glimpse from high levels in Iran of how sanctions have and have not worked, which?could directly affect decisions by Western nuclear negotiators, and a US Congress keen on adding more sanctions, but reluctant to offer enough sanctions relief to convince Iran to stop its most sensitive nuclear work.

?It?s critical to understand how massive pain is being channeled and absorbed in Iran, because just sitting there expecting pain to deliver results is somewhat na?ve,? says co-author Trita Parsi, president of the Washington-based National Iranian American Council (NIAC), which produced the report.

?Putting pressure is just half of the equation; [US and European officials] have succeeded with that, undoubtedly the pain on Iran is immense,? says Mr. Parsi. ?But to channel the pain is a very, very different task.?

The wrong incentive?

Sanctions now include a European oil embargo,?exclusion?from the SWIFT?international banking?system that enables Iranian banks to transfer money, and US measures that target Iran?s central bank.

These measures have begun to bite, causing economic isolation?and?a precipitous fall in both oil revenues and?the value of the Iranian currency.?But Iran has?still?added thousands of centrifuges to enrich uranium, and deployed a more efficient, second-generation centrifuge model; stepped up?uranium?enrichment levels from 5 percent to 20 percent, which is technically not too far from weapons-grade; and moved its most sensitive work to a deeply buried site impregnable to air attack.

Those results so far indicate that pressure is not working, according to the NIAC report, because ?escalating sanctions as a [Western] bargaining chip also gives Iran the incentive to advance its program for the same reason.?

It also suggests that rethinking the scale of sanctions relief on offer may be necessary when the P5+1 group (the US, Russia, China, Britain, France, and Germany) sits down to nuclear talks with Iran next week, if they are to have any chance of success.

The NIAC study concludes that, ?it is highly unlikely that the regime will succumb to sanctions pressure ? [when] no proportionate sanctions relief is put on the table by the P5+1, and capitulation is seen as a greater threat to the regime?s survival than even a military confrontation with the United States.?

'Never give in and never give up'

Iran?s Supreme Leader Ayatollah Ali Khamenei said last week that Iran had turned ?threats into opportunities? and was emerging victorious despite the ?negative effects? of sanctions.

?They have announced that their goal is to cripple the Iranian nation and to bring it to its knees,? Ayatollah Khamenei said, according to a transcript on his website. ?Therefore, if our nation resists their pressure, stays vibrant, and achieves more advances, they will lose credibility.?

The US had been the ?enemy? and ?main center for designing machinations? against Iran since the 1979 Islamic revolution, Khamenei said. ?The sanctions have had an effect, but they have not had the effect that they were after," he added.

Senior Iranians quoted in the NIAC report ? titled ?Never give in and never give up," in reference to the core regime ideology at play ? also explain how Iran?s unexpected reaction raises questions about the utility of sanctions.

The report states that?"individuals close to the core of Iran's power structure are relishing the narrative of resistance"?because although there is?economic suffering, Iran ?is also gaining newfound respect on the international stage due to its refusal to succumb to Western pressure.?

A senior Iranian parliamentarian ?influential in the top layers of the regime? told NIAC that Iran?s resistance had even become a ?role model? for developing countries?? a view echoed by a number of other Iranian officials.

?Stark divisions among the Iranian elite are unmistakable,? notes the NIAC report. ?[But] if the testimony of elite insiders is to be believed, sanctions have helped strengthen cohesion rather than intensify rifts.?

One current Iranian official told the NIAC that Western governments expected Iran?s economy to collapse: ?Well, now they know that they have failed. If they continue this way, it will just strengthen Iran?s resolve to confront the West.?

Describing regime thinking, a former deputy foreign minister said, ?It was obvious to us that the sanctions pressure will increase and ? the main target was to weaken the regime, but that compelled us to stay strong, work together, and prove the Western strategy wrong.?

Iran: 'No balance' in current offers

This is likely to be food for thought on Capitol Hill, at the White House, and among European Union officials, who have so far offered Iran only modest sanctions relief ? and none at all on oil or financial sanctions ? in exchange for capping its most sensitive nuclear work. Iranian sources have told the Monitor the current offer has "no balance."

The report's conclusions?echo another detailed sanctions analysis from the International Crisis Group (ICG) in February.

?Compliance with Western demands, in Ayatollah Khamenei?s mind, likely will not result in alleviation of pressure? because it would project weakness, noted the ICG. ?Under this view, the [nuclear] deal, not its absence, could be the poison that brings down the Islamic Republic.?

The sanctions juggernaut against Iran ?illustrates the risk that, precisely due to their inability to secure their primary goal, sanctions may turn into an end in and of themselves,? reports the ICG. ?That such [economic] pain does not translate into the desired policy change becomes ? almost an afterthought.?

Many of the US sanctions can only be lifted or adjusted by Congress, which has shown little interest in giving Iran what some see as a ?reward? for its defiance.?

?The key thing for the US is what are the sanctions that politically can be lifted without causing major mayhem or a backlash from Congress,? says NIAC?s Parsi, who co-authored the report with the Vienna-based Iranian economist?Bijan Khajehpour and NIAC research director?Reza Marashi.

?It is truly a litmus test for diplomacy, because if it ends up in a situation where the president is incapable of convincing Congress to play ball, and actually be helpful for diplomacy, rather than being unhelpful, then the US doesn?t have any cards to bring to the negotiating table,? adds Parsi.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/hxS0H7-crTg/Report-Sanctions-may-be-speeding-Iran-s-nuclear-advancement

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