Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/253915608?client_source=feed&format=rss
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Monday, October 8, 2012
Oil falls in Europe as world growth outlook dims
A string of indicators that the global economy is struggling to escape its mire kept oil prices on their down trend Monday.
By early afternoon in Europe, benchmark crude for November delivery was down $1.31 to $88.57 a barrel in electronic trading on the New York Mercantile Exchange.
Oil fell more than 2 percent Friday as traders fret that jobs aren't growing fast enough in the U.S. to significantly boost demand for fuel. The contract closed down $1.83 to $89.88 per barrel.
In London, Brent crude, which is used to price international varieties of oil, was down 91 cents to $111.11 a barrel.
The widening spread between the Nymex and Brent contracts, now above $22, was attributed to higher U.S. output and supply risks in Europe and the Middle East.
Analysts at Commerzbank in Frankfurt said U.S. oil production was at its highest level since December 1996, while concerns about the spread of the Syrian conflict to neighboring countries and delays in shipments of North Sea oil were keeping a floor under Brent prices.
The U.S. economy created 114,000 jobs in September, in line with what economists had expected but not an indication of strong jobs growth. The U.S. Labor Department said the unemployment rate fell to 7.8 percent, the first time it's been below 8 percent in nearly four years.
In a new sign of a weak global economy, the World Bank cut the growth outlook for developing Asia-Pacific economies for 2012 to 7.2 percent from its May forecast of 7.6 percent. The bank cited weak global demand due to the lackluster U.S. recovery and Europe's recession.
The bank also cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.
Oil jumped 4 percent on Thursday following a 4 percent decline on Wednesday. Traders have been trying to gauge the strength of global oil demand while also watching developments surrounding Syria for any signs of a disruption in supplies from the Middle East.
Among other energy futures traded in New York:
? Natural gas fell 2.3 cents to $3.373 per 1,000 cubic feet.
? Heating oil fell 1.79 cents to $3.138 per gallon.
? Wholesale gasoline fell 1.82 cents to $2.9342 per gallon.
___
Pamela Sampson in Bangkok contributed to this report.
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Friday, October 5, 2012
Romney shifts to center as his confidence grows
In this photo taken Oct. 4, 2012, Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks in Denver. Romney is shifting sharply to the political center as he begins to deliver a closing argument aimed at a slice of moderate, undecided voters a month before Election Day. (AP Photo/Charles Dharapak)
In this photo taken Oct. 4, 2012, Republican presidential candidate, former Massachusetts Gov. Mitt Romney speaks in Denver. Romney is shifting sharply to the political center as he begins to deliver a closing argument aimed at a slice of moderate, undecided voters a month before Election Day. (AP Photo/Charles Dharapak)
WASHINGTON (AP) ? Republican presidential nominee Mitt Romney is shifting sharply to the political center as he begins to deliver a closing argument aimed at a slice of moderate, undecided voters a month before Election Day.
On taxes, immigration and more, the former Massachusetts governor has toned down his heated, campaign trail rhetoric this week, including during his strong debate performance Wednesday night, as he looks to gain ground against President Barack Obama in the handful of states that will determine the outcome of the competitive race.
"I know this is going to be a close-fought battle," a jubilant and invigorated Romney said in Colorado before he flew to Virginia for an evening rally with running mate Paul Ryan.
In the coming days, the Republican nominee will try to capitalize on his well-received appearance by moderating his pitch and working to narrow Obama's advantage in swing-state polling that aides say showed signs of tightening even before Romney and the president sparred. The Republican's aides played down the notion that the debate was a game-changing event. But they appeared more optimistic about Romney's chances than they had been during a troubled stretch that lasted several weeks.
"We've got over a month here," Romney strategist Stuart Stevens said. "That's an eternity."
Romney will use that time to drive the centrist message he outlined in the debate. He emphasized support for popular elements of Obama's health care plan, embraced government regulation as necessary and hinted that he may eliminate government subsidies for oil companies as part of a larger tax plan he insisted would not cut taxes for the wealthy.
In some cases, the message is a dramatic departure ? in tone, if not substance ? from a candidate who has for more than a year assailed the president's "government takeover" of health care and "job-crushing regulations," and who has promised tax cuts for all.
While moderating his message, Romney will also deliver a series of policy speeches, beginning with a foreign policy address in Virginia on Monday, to help crystalize differences with the Democratic incumbent. Future speeches are expected to focus on job creation and federal debt ? areas where Romney's internal polling suggests there is an opportunity to win over so-called "persuadable voters."
A recent Associated Press-GfK poll found that the vast majority of voters already have settled on a candidate, but 17 percent of likely voters are considered persuadable ? either because they're undecided or showing soft support for Obama or Romney. The group is generally less informed than the average voter and more moderate politically. Roughly 56 percent of persuadables approve of the way Obama is handling his job as president, but fewer, 47 percent, approve of his handling of the economy.
Starting Thursday night, Romney also planned to lean more heavily on Ryan, the Wisconsin congressman, to help connect with voters. While Romney's campaign can cover more ground if they hold separate events, the two typically draw larger crowds when they appear together and Romney tends to be more energized with his No. 2 alongside him.
As he headed to Virginia on Thursday, Romney was more upbeat than he had been in weeks. He grinned widely as he laughed and talked with aides at the front of his campaign plane. The atmosphere among his staff and advisers on the plane was jovial.
Obama's campaign wasted little time trying to dampen the mood, with David Axelrod, the president's campaign strategist, saying: "It was a very vigorous performance, but one that was devoid of honesty." ''.... I don't think he helped himself last night with his serial evasions and deceptions."
To a certain extent, there's a fissure between Romney's message on the campaign trail and in television advertising.
He declared in the debate, for example, that government regulation "is essential." Asked whether he thought it was excessive under Obama's leadership, Romney told a Denver audience a day later: "In some places, yes. Other places, no."
But Romney is running an ad on Colorado television on the same topic that says: "Excessive government regulations are crushing job creation."
On health care, Romney said in the debate that "pre-existing conditions are covered in my plan," a reference to the popular provision in the president's health care overhaul that prevents insurance companies from denying coverage to certain people.
But in recent months, the Romney campaign has repeatedly clarified that only those who maintain continuous health care coverage would be protected.
And while immigration was not addressed in the debate, Romney earlier in the week told The Denver Post that he would honor temporary work permits for young illegal immigrants granted by the Obama administration.
Throughout the Republican primary, however, Romney took an aggressive tack on immigration, saying in debates that he approved of "self-deportation," where illegal immigrants would choose to leave on their own because they couldn't find work in the U.S. He assailed rival Rick Perry, the Texas governor, for allowing illegal immigrants to attend Texas state colleges and universities at reduced, in-state tuition rates.
___
Associated Press writers Kasie Hunt in Denver and Ken Thomas and Deputy Director of Polling Jennifer Agiesta in Washington contributed to this report.
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Beauty, Fitness & Health...Oh my!: Schuler Shoes
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If you are a regular reader of my blog you know that I work out quite a bit.? I'm all about fitness.? This year in particular I've been that way.? I've been trying to do things right this year.? I found myself this summer doing a lot of outdoor activites.? Mostly walking, doing a bit of jogging and playing with the kids..? I found out the hard way about wearing the proper shoes.? I hurt my ankle while playing with the kids outside.? Wearing sandals while chasing after a ball was not a smart thing. It's important to wear the proper shoes. Came across this website for Schuler Shoes.They have name brands like New Balance. And for walkers like myself they have womens New Balance walking shoes.?
Schuler Shoes also have shoes for running, and cross-training.? Schuler has shoes for kids and men.? And they can also get you ready for winter with their large selection of boots.? One thing I really like about this website is that it just doesn't want to sell you shoes, but it has a section about foot health.? In the Foot Health section you can find out about specific foot issues, search for products and if your lucky enough to live in Minnesota you can get an evaluation and medical referrals from a Board Certified Pedorthist. Schuler Shoes have been in business for over 120 years. There are eight locations in the Twin Cities area. Explore the website for yourself.? You can follow Schuler Shoes on Twitter and Pinterest.
Source: http://beautyfithealth.blogspot.com/2012/10/schuler-shoes.html
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Google oracle CEO common to appear in court ... - Raw Business Law
Beijing time on September 19 evening news, Google CEO Larry o Page (brief benchwarmer) and oracle CEO Larry Ellison o (Ellison) will be on a benchwarmer on Monday local time, also in SAN jose, California, United States district court to resolve the long-term threat Google Android operating system survival patents. At present, the Android operating system has set up a file in the 150 million Taiwan mobile equipment in use.
In the patent problems up to a year of debate, should the United States where the requirements of SAN jose California court, page and ellison will both be appear in court. Previously, oracle Sue Google about Android operating system infringes the company?s intellectual property rights. If the two sides can in the judge?s mediation to achieve reconciliation, that means that Google will avoid the jury decided whether to pay oracle to the risk of patent fee.
Located in Washington, specially dealing with intellectual property rights lawsuit Westerman law firm Hattori Daniels and Adrian LLP attorney Scott o Daniels (Daniels, said Google st1) and the patent war like oracle tension between Russia and the United States of the cold war, the best way is to emulate Ronald Reagan and mikhail gorbachev, that two companies CEO sat down to negotiate.
Now oracle is already more than a paper litigation to Google Android operating system apple threat level, although apple and Android equipment manufacturers in the patent wars have achieved good preliminary. In reconciliation talks, page will try to avoid patent fee paid to oracle. According to Citigroup (Citigroup analyst estimates, each machine Android devices can be as high as $15 patent fee. This number may lead to Android operating system promotion speed decreases.
And the case of the other party, oracle CEO ellison also face huge profit pressure. In 2010, oracle Microsystems acquisition from, and receive and Java about intellectual property. In June this year, according to a report of the current hardware equipment sales decline oracle. This also triggering questioned ellison make spent $7.3 billion acquisition of Sun microsystem Microsystems decision is correct.
Strong opponent
The United States based Ticonderoga Securities analyst Neil o Herman (Neil Herman) points out, ellison is definitely a great role. Ellison had after two years of hard work, in 2009 in the americas cup side beat Switzerland?s 0.1 billion millionaire sailing competition swing o ?(Ernesto Bertarelli) inside the tower?s defending champion, west, spirit.
The same is also patent disputes, allison?s a testifies makes the jury returned a verdict of oracle competitor Germany commercial software developer SAP AG to the compensation of $1.3 billion. Although this year in September, a judge overturned the ruling, think indemnity, but oracle is still too high that $1.3 billion compensation for reasonable.
Herman says, ellison is a lawyer in hiring, he experienced a few times also prove its case in legal proceedings with some success experience.
Financial analysis firm Discern Analytics is Paul o gaza for the ephod Saffo) says, (can replace Eric o Schmidt (the Eric Schmidt) become Google CEO, also prove page strength not common.
Gaza eph said, since in 1977 in California annatto beach create since oracle, straightforward ellison has been served as the company?s CEO. And for this April will be officially as Google CEO and then make huge personnel adjustment, promote seven managers as a senior executive, to simplify the company decision-making procedures.
Page, Google already have enough that the patent lawyer to cope with the allegations. Google in August spend $12.5 billion acquisition of Motorola (the Po) mobile (the Motorola Mobility), so to get 17000 patents.
Evenly matched
Gaza eph said, the difference between the two ceos in skills, and lies in age. In general, they both strength evenly matched.
Earlier, allison and page all said the two sides would send the company executives at trial, but has been responsible for the case of the San Francisco district judge William o al SaPu (William Alsup) urged two ceos attend the day?s court trial.
The California SAN jose district judge Paul o gray anwar (Grewal) will monitor both sides for reconciliation talks. On July 22, according to court records, oracle said in the unauthorized use Java technology to oracle caused some 6.1 billion dollars in damage. But the oracle?s expanded gaza said the claim for compensation is wishful thinking.
At the same time, SaPu?s suggestion Google to pay a $100 million patent fees.
Citigroup Global Markets (Citibank Global optimisation techniques of analysts Walter o cannot) at Richard (Walter Pritchard) points out, ellison is not recognized by the judge and compensation for, he may request to use Android products patent license fee to pay. General Richard think oracle to every Android products may charge $5 to $15 a patent license fee. And Nomura Securities (Nomura analyst Richard o Beijing Windsor (Richard Windsor), says that oracle likely to take each charge less than us $1 product patent license fee.
But whether less than $1 or $5, the patent license fee is a huge income. According to page every day, now last month said 550000 sets of electronic product support Android is activated. And according to the market research firm Gartner report to see Android smart phones, is leading software, the second quarter account for 43% of the total amount of the market, the earlier this year increased by 17%.
Industry standard
As the focal point of a patent dispute is Java business software programming standards for the industry, is widely used in network. In 2010, with the purchase from Microsystems, oracle said will be made after the Sun microsystem Microsystems profit level than ever before. Sun microsystem Microsystems fiscal 2008 revenue of the Java software for $220 million.
Oracle said, Google Android depend on the Java technology is Sun microsystem Microsystems.
Android in the legal wrangle is never a failure of the image. In July, the United States International Trade Commission (U.S. International top HTC?s Android mobile phone of the ruling of the patent right infringe the apple related.
Market research company J.G this the old Associates LLC analysts Jack o (Jack goldsmith Gold), oracle said the prosecution to Android will cause greater impact.
Market research firm IDC analysts Will o, fee plus (Will), patent fee Stofega said that mobile phone manufacturers Will consider an alternative to the operating system, but now Google has $39.1 billion cash and short-term bonds, to bear part costs should be a problem.
Market research firm Gartner analyst Ray Valdes (Ray Valdes o) said, if oracle won the victory of the lawsuit, then oracle also shoulds not be too high a patent license fee of extraction, because only Android success, oracle to profitable
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Thursday, October 4, 2012
Romney goes on offensive in first debate with Obama
DENVER (Reuters) - Mitt Romney battled back in his uphill drive to oust President Barack Obama on Wednesday with an aggressive debate performance that put his campaign on a more positive footing after weeks of stumbles and knocked Obama off-stride.
In the first of three presidential debates this month, Romney went beyond expectations as the two candidates stood side-by-side for the first time after months of campaigning against each other from long distance.
Looking to claw his way back into a race that has seen Obama hold an edge among voters, Romney was on the offensive throughout the 90-minute encounter with Obama. While the president landed some punches on Romney's tax plan, he did not appear as prepared as his rival and missed several opportunities to attack.
With under five weeks to go until the November 6 election, it was uncertain whether Romney had managed to change the trajectory of a race that has favored Obama. It is difficult to dislodge an incumbent from the White House. In recent weeks, Romney has lurched from stumble to stumble and been unable to project a consistent message.
"How does it translate into the horse race? That's unclear," said Steven Schier, a political science professor at Carleton College in Minnesota. "Romney should have some momentum. The question is whether he can maintain it."
But there was no question that Romney's campaign felt it was now in a better position. In the "spin room" afterward, Romney advisers hung around for 90 minutes talking to reporters, long after the Obama side had decamped.
A CNN/ORC snap poll said 67 percent of registered voters surveyed thought Romney won the debate at the University of Denver, compared with 25 percent for Obama.
Romney and Obama clashed repeatedly over taxes, healthcare and the role of government in ways that reflected the deep ideological divide in Washington and that has contributed to political gridlock.
Romney zeroed in on weak economic growth and 8.1 percent unemployment that have left Obama vulnerable in his effort to win a second four-year term. Government has taken on too big a role under Obama, dampening job creation, Romney argued.
"What we're seeing right now, in my view, (is) a trickle-down government approach, which has government thinking it can do a better job than free people pursuing their dreams. And it's not working. And the proof of that is 23 million people out of work," Romney said.
Fact checkers took issue with some of assertions by the former Massachusetts governor, like the number of people unemployed, but he appeared more poised and better prepared than his opponent.
Obama argued that under his leadership, the economy had been brought back from the brink, with 5 million jobs created in the private sector, a resurgent auto industry and housing beginning to rise.
"You know, four years ago, we were going through a major crisis. And yet my faith and confidence in the American future is undiminished," Obama said.
NO MENTION OF THE '47 PERCENT'
Mysteriously, Obama failed to mention issues his campaign has used in attack ads to damage Romney such as the Republican's now infamous "47 percent" video, job cuts he made while at Bain Capital private equity firm, his tax returns and previous hard line on immigration.
The debate saw no haymaker punches thrown and not much in the way of memorable one-line zingers. Instead, it was a war of attrition as each man used facts and figures to make his points and stress the differences between them.
Romney, however, did himself some favors with crisper answers than Obama, who sounded professorial and a bit long-winded despite his staff's best efforts to get him to give snappier comments.
Quite often Obama looked downward at his notes as Romney pounced on the president's record. At one point, the Democrat quibbled with debate moderator Jim Lehrer who tried to cut him off for going over his allotted time.
"I had five seconds before you interrupted me," Obama said to Lehrer with a smile.
Romney's chances of winning the White House were up by 8.4 percentage points after the debate, although he was still only 34.3 percent assured of victory in November, according to online betting site Intrade.
The incumbent did put Romney on the defensive about his proposals for overhauling the U.S. tax system with a 20 percent across-the-board tax cut. Obama said it would cost the government $5 trillion and that it would be impossible to make up this amount by eliminating tax loopholes as the Republican talks about.
"The fact is that if you are lowering the rates the way you described, Governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. It's - it's math. It's arithmetic," Obama said.
Romney insisted his tax plan would not cost $5 trillion, saying, "Virtually everything he said about my tax plan is inaccurate."
Obama also reminded Americans that Romney was proposing more of the same kind of tax cuts that Obama's Republican predecessor, former President George W. Bush, pushed through Congress in 2001 and 2003. Most Americans are willing to concede that Obama inherited an economic mess, but also believe it is his responsibility to bring back the economy.
"We ended up moving from surpluses to deficits and it all culminated with the worst recession since the Great Depression," said Obama.
In the face of attacks from Romney that the Obama healthcare overhaul of 2010 will hurt small-business hiring, Obama basically said his healthcare plan was modeled after the program Romney put in place as governor of Massachusetts, and it "hasn't destroyed jobs" there.
After arguing for months that the Wall Street regulation legislation known as "Dodd-Frank" should be repealed, Romney was forced to concede under pressure from Obama that he would keep some financial regulations established under the law.
ROMNEY NEEDED VICTORY MORE
Romney was in need of a victory in the debate to help him put his campaign back on a positive footing after a rocky few weeks.
He was damaged by a hidden-camera videotape in which he said 47 percent of voters were dependent on government and unlikely to support him. That was among several stumbles that have knocked Romney's campaign off message.
Obama, holding a slight lead in national polls and leading Romney in some swing states where the election will be decided, was looking in the debate to avoid harming his position as the apparent front-runner.
But he may have spent too much time trying to avoid making mistakes and let Romney get the better of him.
The debate was the best opportunity to date to reach large numbers of voters in an unfiltered way, with an estimated television audience of 60 million possible.
Advisers to both Romney and Obama predictably said their man emerged victorious. Obama adviser David Plouffe told reporters in the spin room that Romney appeared "testy" at times.
As for Obama's lengthy comments, his campaign manager Jim Messina said, "That's never going to be our strong suit."
Romney adviser Eric Fehrnstrom said if the debate had been a prize fight, the referee would have called it for Romney an hour in.
The debate was the first of three such face-offs scheduled in the next four weeks. Biden and Romney's running mate, U.S. Representative Paul Ryan, will debate once, on October 11.
(Additional reporting by Sam Youngman and Jeff Mason in Denver and Alina Selyukh in Washington; Editing by Alistair Bell and Peter Cooney)
Source: http://news.yahoo.com/obama-romney-battle-over-economy-debate-012240690.html
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