Aug 22

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Apr 5

“Video has exploded in the last few years,” he said. A lot of people are posting videos to sites like YouTube and much of them are coming from solid-state video cameras like the Flip, he said, showing the Flip Ultra model, which comes with 4GB of storage for $149.

With user-created video exploding, Apple CEO Steve Jobs uttered what is probably one of the more frightening things rival electronics industry execs can hear: “We want to get in on this.”

(Credit:
Stephen Shankland/CNET)

A weigh-in between Cisco's Flip Video camera and Apple's new iPod Nano with video camera.

Still, the fact that Apple wants to be in this market puts a lot of pressure on Cisco and its Flip camera. For its part, Cisco responded publicly using Twitter, posting a message after the Apple event that said, “Imitation is the sincerest form of flattery.”

Cisco wasn’t the only major technology company that noticed. At Wednesday event, Jobs specifically referenced the Flip’s success.

One of the biggest revelations at Apple’s music event Wednesday wasn’t just that the
iPod Nano now has a video camera, but that Apple has the popular Flip Video camera squarely in its sights.

Flip of course isn’t the only minicamcorder maker that could be worried about Apple’s attempts to enter this market. The Flip begot several imitators, like the Sony Webby, the Kodak Zi8, and devices from RCA, Sanyo, and Creative.

Already having decimated the MP3 player market with the iPod, and putting pressure on fellow smartphone makers, Apple now hopes to take on the Flip in its own backyard: short, user-generated video clips. Cisco purchased Pure Digital, the maker of the popular flash-based camera, earlier this year for almost $600 million because it was clearly the leader in its field. The Flip Video set itself apart by making the process of creating, editing, and uploading short videos to sites like YouTube very uncomplicated. In two years the company said it sold 2 million devices.

But Flip is the de facto leader in minicams, and its Ultra and Mino models have several things going for them that the much more compact Nano doesn’t, like the Flip’s flip-out USB port that allows the camera to be plugged directly into a computer without need for a connector cable. The Flip also has user-replaceable batteries. Though the Nano overall has a smaller footprint, it was a bit unfair that when comparing the Flip to the Nano during its presentation Apple used the chunkiest model of Flip available (the Ultra), when the Mino is much slimmer and more compact.

Apple is attempting to one-up the Flip by inserting a video camera inside the iPod Nano, along with a microphone and internal speaker for video playback. Like the Flip, the Nano is supposed to have easy video uploading right to YouTube. Comparing them head to head, since the base model Nano now comes with 8GB of storage and costs $159, the value of the Nano with all the additions (media player, FM tuner, pedometer) certainly seems attractive. Of course until we actually use it, it’s hard to say how much of a threat the Nano’s new camera will be.

Apr 5

There are still a few UI kinks to work out as well. If you e-mail an invite to someone at an e-mail address other than the one connected to their Adobe ID, there’s no way to link the addresses or even allow the person to reply to you with the correct address.

Photoshop.com may be Flash-y and Air-y with photo-editing capabilities, but it surprisingly still seems to lag sites like Flickr and Facebook when it comes to various sharing features. For instance, only this week has Adobe launched video-hosting and group album capabilities (available for free accounts as well as paid), long available from its competitors.

People you invite as Collaborators to Group Albums aren’t automatically added as your friends. And while it notifies you via e-mail of updates to the album there don’t seem to be other notification options, like posting Twitter, Facebook, or even an RSS feed. (Concurrently with the rollout, Adobe updated Photoshop.com’s terms of service. There doesn’t seem to be anything objectionable in the new terms. Yay!)

There are some done-it-better aspects, however. For example, Adobe allows for larger videos: a maximum of 2GB vs. Flickr’s 150GB/90 seconds. Of course, the more large videos you upload the closer it will push you to the 2GB storage maximum of a free account. As it’s taking forever (it’s up to about an hour and still hasn’t completed) to process my short 177MB video, however–everything gets transcoded to Flash video–I shudder to think how long a 2GB file would take.

(Credit:
Screenshot by Lori Grunin/CNET, photos by Lori Grunin, Michael Ricca/CNET)

You can see how Photoshop.com’s editing capabilities stack up against the competition in 15 online photo editors compared.

Jan 7
AC Milan makes Club World Cup final
Posted by admin in Uncategorized on 01 7th, 2010| | No Comments »

AC Milan of Italy defeated Urawa Reds of Japan 1-0 to make the final of the Club World Cup in Yokohama, Japan on Thursday.

Clarence Seedorf scored the lone goal in the 68th minute to setup a showdown with Argentine giants Boca Juniors in Sunday’s tournament final.

“We showed great patience and waited for our moment to strike,” Milan coach Carlo Ancelotti said.

“We know Boca will be a different class from Urawa and we will need to play even better but we came to Japan with one aim — to take the trophy home to Italy. That’s still our goal.”

Kaka burst down the left, triggered panic in Urawa’s defense and Seedorf made a cool left-foot finish to silence a crowd of 67,000 in Yokohama.

“I think my team represented Japan well,” said Urawa coach Holger Osieck. “The difference was the individual class of Kaka, and Seedorf, with all his experience, finished it off.”

Milan won the Club World Cup’s forerunner, a one-off match between the champions of Europe and South America, in 1969, 1989 and 1990. The Italians lost to Boca on penalties in 2003.

Boca beat Tunisia’s Etoile Sahel 1-0 in Wednesday first semi-final in Tokyo.

Brazilian clubs won the first two versions of the revamped competition which is organized by world governing body FIFA.

Sao Paulo beat Liverpool 1-0 in 2005 and International stunned Barcelona by the same score last year.

Jan 5

Tiger Woods couldn’t even get on his yacht “Privacy” and sail away somewhere to keep everyone from looking.

Larger than life one day, just another sinner the next.

No reason to talk about his quest to become the greatest golfer ever when the tabloids were offering up much juicier stuff for debate.

Does anyone care about the odds of Woods winning the Grand Slam when one offshore sports book is posting odds on whether he will admit to having an affair by the end of the year? (Not admitting was a 2-1 favorite.)

There has probably never been an athlete as celebrated as Woods. There has surely never been one who went from virtual deity to an overused punch line overnight.

He could have tested positive for steroids and life would have gone on much as it did before, as Alex Rodriguez found out every time he was cheered at the plate.

Begin having questions raised about your moral behavior, though, and things change. There are those who draw the line there, especially if they feel they’ve been misled by the carefully crafted image they had of Woods as a good family man and father.

That’s why Woods came forward Wednesday with a statement he couldn’t have dreamed of making just a week ago. It came, as they all seem to do, from Woods’ official Web site, filed under the unlikely headline of “Tiger comments on current events.”

If you had been in a remote cave the last week, you might have thought he was giving his take on the health care debate or the war in Afghanistan. Instead, he was offering up remorse and regret for his “transgressions.”

“I have not been true to my values and the behavior my family deserves,” Woods said. “I am not without faults and I am far short of perfect.”

Very far short, if you believe the claims of Jaimee Grubbs, who told Us Weekly magazine said she carried on a 31-month affair with Woods.

If it’s true, perfect husbands don’t start hanging around in Las Vegas with a cocktail waitress two months before their wife is about to give birth to their first child. Perfect people don’t leave urgent voice mail messages like the one Woods allegedly left for Grubbs last week.

Just what Woods did or didn’t do with Grubbs, or another woman the National Enquirer alleged was involved with him, likely will be good fodder on the Internet for some time. Woods, who spent more time addressing his right to privacy than his personal shortcomings in the statement, admitted to nothing other than letting his family down.

Indeed, if only he had stayed in the house that night, there’s a good chance we wouldn’t have paid much attention.

What was known even before the scandal broke was that Woods had a thing for all things Vegas, a town where fantasy eclipses reality and where the whims of the super rich and famous are famously tended to.

“We heard stories and knew when he was in town,” said Norm Clarke, the gossip columnist for the Las Vegas Review-Journal. “What Vegas offered was a controlled environment to stay under the radar. You can sign people to confidentiality contracts but they still talk, especially in this town.”

Loving life in Vegas isn’t a crime, of course. And so far the only thing Woods has done legally wrong is drive badly.

But what happens when he returns to the golf course to play before large crowds? With the moral card now in play, will they — women, especially — still cheer everything he does?

The early returns aren’t encouraging. While Tiger was once the gold standard among all athletes, there are signs that the media frenzy is taking a toll.

Zeta Interactive, which measures Internet buzz on various topics, says the tone of postings on Woods went from being 91 percent positive and 9 percent negative before the accident to 74 percent positive and 26 percent negative afterward.

That’s not enough to cost Woods any of his big-name sponsors. Barring more allegations, it’s probably not even enough for Phil Mickelson to steal many of his fans.

More intriguing, meanwhile, is whether Woods will be the same player when he returns.

Will the famous Tiger glare and fist pump still be enough to intimidate opponents when they’ve seen his most vulnerable side? Will he be able to maintain his equally famous powers of concentration when the talk about him isn’t all about golf and the paparazzi still tail him home every night?

Woods may already be asking himself the same questions. He’s always been able to deal with distractions, but he’s never had one like this.

Yes, it’s hard to imagine. But in the end, his greatness could become the biggest casualty of all.

Jan 5

Tiger Woods couldn’t even get on his yacht “Privacy” and sail away somewhere to keep everyone from looking.

Larger than life one day, just another sinner the next.

No reason to talk about his quest to become the greatest golfer ever when the tabloids were offering up much juicier stuff for debate.

Does anyone care about the odds of Woods winning the Grand Slam when one offshore sports book is posting odds on whether he will admit to having an affair by the end of the year? (Not admitting was a 2-1 favorite.)

There has probably never been an athlete as celebrated as Woods. There has surely never been one who went from virtual deity to an overused punch line overnight.

He could have tested positive for steroids and life would have gone on much as it did before, as Alex Rodriguez found out every time he was cheered at the plate.

Begin having questions raised about your moral behavior, though, and things change. There are those who draw the line there, especially if they feel they’ve been misled by the carefully crafted image they had of Woods as a good family man and father.

That’s why Woods came forward Wednesday with a statement he couldn’t have dreamed of making just a week ago. It came, as they all seem to do, from Woods’ official Web site, filed under the unlikely headline of “Tiger comments on current events.”

If you had been in a remote cave the last week, you might have thought he was giving his take on the health care debate or the war in Afghanistan. Instead, he was offering up remorse and regret for his “transgressions.”

“I have not been true to my values and the behavior my family deserves,” Woods said. “I am not without faults and I am far short of perfect.”

Very far short, if you believe the claims of Jaimee Grubbs, who told Us Weekly magazine said she carried on a 31-month affair with Woods.

If it’s true, perfect husbands don’t start hanging around in Las Vegas with a cocktail waitress two months before their wife is about to give birth to their first child. Perfect people don’t leave urgent voice mail messages like the one Woods allegedly left for Grubbs last week.

Just what Woods did or didn’t do with Grubbs, or another woman the National Enquirer alleged was involved with him, likely will be good fodder on the Internet for some time. Woods, who spent more time addressing his right to privacy than his personal shortcomings in the statement, admitted to nothing other than letting his family down.

Indeed, if only he had stayed in the house that night, there’s a good chance we wouldn’t have paid much attention.

What was known even before the scandal broke was that Woods had a thing for all things Vegas, a town where fantasy eclipses reality and where the whims of the super rich and famous are famously tended to.

“We heard stories and knew when he was in town,” said Norm Clarke, the gossip columnist for the Las Vegas Review-Journal. “What Vegas offered was a controlled environment to stay under the radar. You can sign people to confidentiality contracts but they still talk, especially in this town.”

Loving life in Vegas isn’t a crime, of course. And so far the only thing Woods has done legally wrong is drive badly.

But what happens when he returns to the golf course to play before large crowds? With the moral card now in play, will they — women, especially — still cheer everything he does?

The early returns aren’t encouraging. While Tiger was once the gold standard among all athletes, there are signs that the media frenzy is taking a toll.

Zeta Interactive, which measures Internet buzz on various topics, says the tone of postings on Woods went from being 91 percent positive and 9 percent negative before the accident to 74 percent positive and 26 percent negative afterward.

That’s not enough to cost Woods any of his big-name sponsors. Barring more allegations, it’s probably not even enough for Phil Mickelson to steal many of his fans.

More intriguing, meanwhile, is whether Woods will be the same player when he returns.

Will the famous Tiger glare and fist pump still be enough to intimidate opponents when they’ve seen his most vulnerable side? Will he be able to maintain his equally famous powers of concentration when the talk about him isn’t all about golf and the paparazzi still tail him home every night?

Woods may already be asking himself the same questions. He’s always been able to deal with distractions, but he’s never had one like this.

Yes, it’s hard to imagine. But in the end, his greatness could become the biggest casualty of all.

Dec 30

The Shanghai municipal government has further restricted foreign investors from acquiring land for property development.

Under the No 16 land transfer bulletin issued by Shanghai Municipal Housing, Land and Resource Administration Bureau on December 23, deposits on land for residential use and commercial purposes can now only be paid in renminbi.

Previously, the bureau accepted four different foreign currencies - US dollars, HK dollars, Euros and Yen - as deposits at government auctions.

The move is widely seen as the latest attempt to clamp down on excessive speculation in the nation’s hottest property market.

Despite subtle changes, they are expected to have a large impact on the new inflow of foreign capital, partly triggered by the expectation of further appreciation of the renminbi.

Land for industrial use, however, can still be purchased through foreign currency accounts, according to the No 17 bulletin released simultaneously.

Industrial experts and analysts said this subtle policy change was expected to make a significant impact on Shanghai’s property market by containing the rush of foreign capital, which had been partially blamed for pushing up prices beyond sustainable levels.

James Macdonald, a senior manager of Savills Property Services Co in Shanghai, told China Daily: “This (move) of course will limit the capability for new investors coming into China’s market to acquire land for development. But it should not have too big an impact on some of the large foreign property developers who have been operating in China for years.”

These developers, he said, would have already accumulated large cash reserves in renminbi from previous profits.

“They have been in China for a long time and should have really large stockpiles of renminbi through revenue generation from the existing properties,” he said.

A spokesperson for the municipal administration bureau said the department had no further comment on the circular.

“This stricter restriction on property development by foreign investors is expected to be an effective measure to stabilize housing prices in Shanghai,” said Wang Shujuan, an analyst on property at Orient Securities.

Shuai Hu, an analyst on property at Haitong Securities, said that the supply and demand imbalance would remain the major factor in determining future property price movements. The stricter restriction is expected to ease pressure on prices in residential houses, he said.

Dec 29

The US subprime crisis may be able to help accomplish what China’s central bankers have yet to do — rein in China’s banking industry and its fast-pitched economic growth and inflation.

Adding to recent reports of a big subprime write-down at Beijing-based Bank of China Ltd., a Chinese senior economist on Tuesday said he expected rising nonperforming assets at China’s biggest lenders, fueled by their subprime exposure and tighter domestic credit.

“With the spreading of the US subprime crisis and a slew of tightening measures to stop economic overheating and rising inflation, the bad assets ratio in the banking industry and the risk of fluctuations in the capital markets are growing,” said Zhong Wei, an economics professor at Beijing Normal University, in an interview with the Financial News.

He said the ratio of bad loans on the books of China’s major banks fell to below 7% last year but is rising, and he said the central bank should increase its holding of foreign reserves. In the past, China has used its immense holdings of foreign currency to recapitalize struggling, state-owned banks.

The latest worries about the health of the banking system in the world’s fourth-largest economy come on the heels of steep sell-offs in Chinese and other stock markets, sparked by fears the United States is on the brink of recession.

Asian markets on Tuesday extended heavy losses from the prior session, derailed by concerns that exporters would get hit by a retreat in US spending. China’s Shanghai Composite Index lost more than 5%, adding to a 7.2% loss in the prior session. Hong Kong’s Hang Seng Index fell 8.7% after tumbling 5.5% the prior session.

Losses from holding soured subprime investments have already hit large US, British and European institutions but have yet to dog Chinese banks and the economy to the same degree. China could still get bruised by a wider subprime fallout, says China specialist Nicholas Lardy, but only indirectly.

“If the subprime crisis puts the US further into recession, that will affect China the most,” said Lardy, a senior fellow at the Peterson Institute of International Economics in Washington, DC. He said he would be surprised if a big write-down in subprime loans at the Bank of China led to a contraction in credit across the country, as it has in the United States and Europe.

But subprime could still leave its mark on China’s economy. Since exports have been such a large driver of growth, the country is particularly vulnerable to recession in the United States and other developed economies. Almost one quarter of its economic growth stems from the expansion of its trade surplus, the world’s largest.

So if export growth does sputter, the Chinese economy could slow, cooling lending and inflation. That’s a task China’s central bankers have struggled to achieve.

Analysts anticipate gross domestic product in China rose at about 11% in the fourth quarter, in keeping with previous quarters and topping the country’s prior growth projections. Inflation reached nearly 7% in November.

Among China’s biggest banks, Bank of China is seen having the most exposure to international assets. Shares fell sharply Monday after the South China Morning Post, citing unnamed sources, said the lender may post severely reduced 2007 net profit or even a loss after writing down part of its nearly $8 billion in securities backed by subprime mortgages.

The Hong Kong-listed bank responded to the article with a statement that it still expected to increase profits for the year ending Dec. 31, notwithstanding provisions and disposal losses for the bank’s exposure to subprime related securities. It did not specify the size of the losses.

“Rumors were that they could write off $2 billion,” said Todd Lee, managing director of the Greater China group at Global Insight.

A multi-billion write-off would top the bank’s previous estimates of its subprime problem. If subprime write-offs spread to other institutions, these could trigger a more prolonged decline in the high-flying Chinese stock market.

Still, said Lee, the more likely threat to the country’s banks and economic growth stems from domestic efforts to curb inflation. To tighten up credit, the People’s Bank of China is raising interest rates and requiring banks to hold more reserves. Those measures are coinciding with a slowdown or even recession in the United States and Europe, increasing pressures on the economy.

Before, “they could afford to tighten domestic investments and still see exports support growth,” said Lee. “Now they’re facing a real risk of recession.”

Dec 26

Wall Street was set to open lower Wednesday, as investors paused from a three-day winning streak and waited for comments on the economy from Federal Reserve Chairman Ben Bernanke.

Recent data reports show the economy already may be facing the dual challenges. If so, this is a worst-case scenario for the Fed, which will have to choose whether to keep cutting rates to stimulate the economy, or halt rate reductions to cool off inflation.

The futures contract for the Dow Jones industrial average fell 19 points, or 0.2 percent, to 12,680. Futures contracts for the Standard & Poor’s 500 dropped 3.50, or 0.3 percent, to 1,379.30 as the Nasdaq 100 futures gave up 4.5 points, or 0.3 percent, to 1,792.2.

Dec 24

Xu Dongxiang, gold medalist at the 2006 World Rowing Championships, crowned her second title at the 2008 Spring China National Rowing Championships on Sunday, giving a strong boost to her morale in the run-up to the Beijing Olympic Games.

Xu of Zhejiang won the lightweight women’s single sculls in 7 minutes 52.08 seconds, just 0.3 seconds ahead of second finisher Chen Haixia of Guangdong. Yu Hua of Beijing finished third by covering the 2km course in 8 minutes 0.65 seconds. The three are all from China’s national rowing team.

Xu, 25, won the 8km lightweight women’s single sculls on Thursday, the first day of the 4-day competition held on the Thousand Island Lake in the suburb of Hangzhou, east China’s Zhejiang Province.

“My back ached, so I didn’t have a good start today,” Xu said, “Chen led me by as many as 5 meters in the first 1,500 meters.”

“I’m becoming more and more mature with all the races. Now I can still keep cool-minded even when I’m left behind by others,” she said.

Zhang Lin and Wu Chongjiu beat national teammates Tian Jun and Huang Zhongming to win the lightweight men’s pair in 6 minutes 46.06 seconds. The four have clinched gold medals of the lightweight men’s four at the world cup and world championships.

Zhang, a Liaoning native, said: “It’s thrilling to see the progress we’ve made. There’re always a lot of excellent rowers around me, and their presence motivates me to train hard for more national and world championships.”

“Rowing looks beautiful for you outsiders, but the training is sometimes so tiring and boring that we want to cry out,” he said.

Most of the more than 200 participating rowers, especially those hopeful to attend the 2008 Olympics, took the tournament more as a test of their winter training and further preparation for the Games.

“Our ultimate goal is to win medals at the Olympics in August,”s aid Tian, “we didn’t change our daily training for the competition because we can not afford an adjustment at the cost of disturbing our preparation for the Olympics.”

“We take it as part of our preparation for the Beijing Olympics,” Tian added.

Chinese national rowing team members, including Zhang Liang and Tang Bin, also swept the other five titles — men’s and women’s single sculls, ligh weight men’s single sculls, men’s and women’s pair.

Jin Shengjun and Xue Feng of Jiangsu provincial team, gold medalists at the 2007 World Rowing Junior Championships, staged excellent performance by beating a rival from the national rowing team to the third place in the men’s pair.

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