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Preview of Apple’s Tuesday iPhone Event

Get ready: Tuesday is iPhone day.

Tim Cook will take the stage for the first time as Apple’s new permanent CEO Tuesday morning, replacing the recently-retired Steve Jobs to reveal the company’s newest gadgets. Cook may not be the star that Jobs has become, but sources at Apple assure me that the holiday product lineup will be the real star of the event.

The most anticipated product is the new iPhone. Rumor has it that the phone will be called the iPhone 4S, not iPhone 5. We have seen Apple do this before when its flagship phone has not been fully refreshed but rather updated incrementally. The 3G and 3GS are good examples.

Read more: http://www.foxnews.com/scitech/2011/10/03/what-to-expect-from-tuesdays-apple-iphone-event/?test=faces#ixzz1ZjtOkrSt

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FLASH: YHOO Spikes on Takeover Rumors

Shares of YHOO spiked due to rumors that private equity firms were sniffing around the shitty internet giant.

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British Banks About to Get Regulated Like Hell (Hugh Hendry Smirks)

Britain’s banks face some of the world’s toughest regulations under reforms outlined on Monday that require them to insulate their retail lending activities and store up billions in extra capital.

Finance minister George Osborne said he would fast-track legislation based on the proposals from the Independent Commission on Banking (ICB), which could cost the industry up to 7 billion pounds ($11 billion) a year.

The purpose of the reforms is to avoid a repeat of the financial crisis, when massive injections of government cash were required to bail out two of Britain’s biggest lenders, Lloyds and Royal Bank of Scotland.

“We’re getting right up there with the Swiss in terms of having the most onerous capital regime,” said Jane Coffey, a fund manager at Royal London Asset Management.

In its report, the ICB insisted banks hold core capital of at least 10 percent of risk-weighted assets in their domestic retail operations.

They will have to hold a further 7 to 10 percent of capital that can be in the form of “bail-in” bonds — which take a loss or convert into equity to recapitalize a bank if it hits trouble — giving a requirement they hold a total of primary loss-absorbing capital of between 17 and 20 percent, a level only the Swiss also plan to introduce.

By comparison, new global regulation due to come into force in 2019 asks banks to hold a minimum of 7 percent in quality capital, or a likely 9.5 percent for the biggest institutions.

The ICB estimated the annual pretax cost of its proposals for Britain’s banks at between 4 billion and 7 billion pounds and recommended the reforms be completed by 2019, to take into account the current economic environment.

The British government backed the report, saying it would help boost the economy and protect taxpayers.

“(ICB head) John Vickers himself sets out a timetable, and I intend to stick to his timetable. So he says let’s have all the changes in place by the end of this decade,” said Osborne.

“There are a lot of changes involved — that is why it will take some time — but let’s get the legislation through in this parliament,” he added.

Business minister Vince Cable from the Liberal Democrats, the junior party in the government, also backed the report, reducing fears that disagreement among the coalition partners could hold up legislation.

“(Vince Cable) welcomes the recommendations and thinks it’s an excellent report,” his spokeswoman said.

Britain’s “Big Four” banks — Barclays and HSBC as well as Lloyds and RBS — have fought against tough new regulation on top of EU and global reforms. They form a powerful lobby since financial services contribute about 10 percent to the UK economy.

“The banking industry … is a much more important component to the UK than it is to other countries, which is why the gold-plating of the regulatory regime which is being implemented globally has to be sensible and not push us into a corner where the banking industry here is uncompetitive,” said David Miller, fund manager at Cheviot Asset Management.


Barclays and RBS are expected to be hardest hit by the reforms because they have the biggest investment banking units.

The report was better news for Lloyds as it backed away from an earlier recommendation that it should sell more branches than the 632 regulators have told it to offload following its absorption of Halifax parent HBOS during the crisis.

By 1330 GMT British bank shares had bounced from an initial slump to outperform their European peers, which were pummeled by worries about their exposure to euro zone debt.

Shares in Barclays were up 0.1 percent, Lloyds was up 0.4 percent, RBS was off 0.5 percent, and HSBC was down 2 percent. The broader European bank sector was down 3.3 percent.

The proposals will impose a ring-fence limiting the extent to which a bank can use money in its retail arm to fund investment banking activities, thus increasing its funding costs, which will likely hit its profits and possibly make it harder to lend to businesses.

HSBC, Standard Chartered and Barclays have all said they could leave Britain if regulations become far more onerous than elsewhere.

Vickers downplayed that threat, saying the cheaper funding for investment banking due to an implicit government guarantee had to be removed, and other reforms did not undermine London’s competitiveness.

“If a bank effectively says I’m here because I get a UK taxpayer subsidy and without that I don’t want to be here, then it’s not a good idea for the UK to say please stay, we’re quite happy to subsidize you,” Vickers said.

Consumer deposits and small business lending must be inside the cordon, but banks will have some flexibility on what else should be included.

“There are real concerns that ring-fencing may limit banks’ ability to lend to small businesses,” said John Longworth, director general of the British Chambers of Commerce.

Between 1 trillion and 2 trillion pounds’ worth of assets is likely to be held inside the ring-fence.

British banks have total assets of 6 trillion pounds, four times the size of UK GDP. Two of them, RBS and Lloyds, were partly nationalized following the financial crisis, and a third, Northern Rock, was fully nationalized.

As a result the government now has stakes of 83 percent and 41 percent in RBS and Lloyds.

($1 = 0.629 pound)

(Additional reporting by Steve Slater, Sarah White and Matt Falloon; Writing by Sophie Walker; Editing by David Holmes and Will Waterman)

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1969 Apollo Moon Landing (Hoax) ‘evidence’ released; predicted by Billy Meier in 2004


New photographs released to silence conspiracy theory that Moon landings were a massive Nasa hoax.



However, in April 2004, Billy Meier said:

“You have further explained that the Moon landing lie will also be vehemently contested in the new millennium and everything will be undertaken to create “proof” and indeed again in the form that new fraudulent pictures are to be manufactured, in which allegedly, the first Moon landing’s “left-behind” objects and so forth, will be able to be “sighted” on the Moon through a new telescope and will be broadcast worldwide through television as a new fraud.”

April 26,2004. 12:23am

You talk too much, Quetzal, my friend.

Let us, from there, talk once again about the American Moon landings, even if we have already often done that.

I have here a book with the title “Die dunkle Seite von Apollo” [The Dark Side of Apollo] by Gernot L. Geise, which was published by Michaels-Verlag in the year 2002.

It has the ISB-Number 3-89539-607-9.

The research which the author undertook is astonishing and likewise expresses that the US Americans, respectively, NASA, undertook the greatest swindle of all time and has deceived the entire world in order to win the Cold War and the race to the Moon, and so forth, against the Soviet Union.

In addition to that, I am able to recall that earlier, once the talk was that NASA, subsequently, under certain circumstances, after the alleged first conjured up Moon race landing on July 20th, 1969, carried out manned or unmanned Moon landings, whereby all objects and so forth were then set out on the Moon which were supposed to have been left behind by the alleged first landing on the Moon.

The reason for that was supposed to have been, as I remember it, that it could later be “proven” that the first Moon landing, and also further ones, was actually supposed to have come about on July 20th, 1969.

You have further explained that the Moon landing lie will also be vehemently contested in the new millennium and everything will be undertaken to create “proof” and indeed again in the form that new fraudulent pictures are to be manufactured, in which allegedly, the first Moon landing’s “left-behind” objects and so forth, will be able to be “sighted” on the Moon through a new telescope and will be broadcast worldwide through television as a new fraud.

The whole thing can eventually actually come about through a new type of telescope, always with the prerequisite that real materials were set out on the Moon, yet it could also be that then everything is only a studio set-up, as with the alleged first Moon landing.

For this, indeed in suitable areas, hundreds of craters were created by means of underground explosions of blasting agents, and, with construction equipment, heaved-up hills would were created, which finally looked like a Moon landscape.

These areas, alongside special film studios, were then indeed also used for the lavish so-called training of astronauts.

The decisive machinations for the entire Moon landing swindle lead back fundamentally to Werner Freiherr von Braun and Walt Disney, who, together as good friends, already established everything earlier.

Walt Disney, as movie special effects specialist, suited NASA perfectly.

But, unfortunately, he died two and a half years before the execution of the swindle, on December 12th, 1966, if I remember correctly.

His ideas and those of Werner von Braun, who indeed died in 1977, I think that it was on June 16th, were then however still realised.

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Fed asks BoA to procure options

(Reuters) – The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.

BofA executives recently responded to the unusual request from the Federal Reserve with a list of options that includes the issuance of a separate class of shares tied to the performance of its Merrill Lynch securities unit, the people told the paper.

Bank of America and the Fed declined to comment to the Journal. Both could not immediately be reached for comment by Reuters outside regular U.S. business hours.

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David Einhorn Won’t Become a Mets Owner After All

The New York Mets and hedge-fund manager David Einhorn said Thursday that they have ended talks that would have seen Einhorn take an ownership stake in the team.

Announced to great fanfare in May, the deal as originally outlined would have seen Einhorn pay $200 million for a minority nonoperating investment, reported to be 49% of the team.

But the failure to seal the agreement after three months has seen the proposed deal collapse.

“I am disappointed to announce that I will not be purchasing an ownership interest in the New York Mets baseball team at this time,” Einhorn said in a statement.

“It is clear that it will not be possible for me to consummate the transaction on the terms that the Sterling-Mets organization and I originally agreed to several months ago. The extensive nature of changes that were proposed to me at the last minute has made a successful transaction impossible.”

The deal’s announcement came after a long and much-publicized search by Mets owner Fred Wilpon for an investor to help alleviate the team’s financial problems. The Mets are on course to lose about $70 million this year, reportedly have debts of about $500 million and plan to cut payroll by 30% next season. In October, the team took a reported $25 million loan from Major League Baseball to help with liquidity problems.

The Mets also have been embroiled in the Bernie Madoff scandal. The trustee acting on behalf of Madoff’s victims has claimed that the club took $90 million in fictitious profits from accounts it held with Madoff’s firm. The trustee, Irving Picard, is suing Wilpon’s firm Sterling Equities for $1 billion, claiming that Wilpon and his partners were beneficiaries of Madoff’s Ponzi scheme.

“We are very confident in the team’s plans — both off and on the field,” Wilpon said in a statement Thursday. “We will engage with other individuals, some who have been previously vetted by Major League Baseball, along with other interested parties, regarding a potential minority investment into the franchise.”



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