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Archive for July, 2012

The top housing regulator rebuffed the offer of taxpayer funds to reduce mortgages held by struggling homeowners on Tuesday, a blow to the Obama administration which is keen to show voters it can help fix the housing market. Calling it a challenging decision, the regulator for Fannie Mae and Freddie Mac said using funds from the Troubled Asset Relief Program would not make a meaningful improvement in reducing foreclosures in a cost-effective way for taxpayers. “The anticipated benefits do not outweigh the costs and risks,” the Federal Housing Finance Agency’s head Edward DeMarco told reporters. The administration has been pressuring […]

An Apple attorney told jurors on Tuesday that Samsung’s own internal documents show that the South Korean company made a specific decision to copy the iPhone because it could not compete in the smartphone market on its own. Opening statements began on Tuesday in the high profile U.S. trial between Apple Inc and Samsung Electronics Co Ltd . The world’s largest consumer electronics corporations have been waging legal war around the world, accusing each other of patent violations as they vie for supremacy in a fast-growing market for mobile devices. Apple attorney Harold McElhinny started off by showing slides that […]

Americans breathed a bit easier about the economy in July, as a better outlook on short-term hiring and lower gas prices offset lingering worries about poor income growth. The Conference Board said Tuesday that its Consumer Confidence Index increased to 65.9, from 62.7 in June, the first increase in five months. That’s the highest reading since April and better than the reading of 62 that economists had forecast. “Consumers had a much improved view of job prospects, not immediately, but six months from now,” said John Lonski, chief economist at Moody’s Capital. He also said consumers are feeling better about […]

How to Live to 100…and Beyond

Good news: Working out seven days a week and maintaining a zero-fat diet aren’t the only ways to live longer. Going to church, taking naps and eating nuts can also add years to your life “Diet and supplements and exercise programs aren’t what is achieving longevity,” says Dan Buettner, founder and CEO of Blue Zones Projects, which identifies happy and healthy communities across the globe. “Having a faith-based community can add four to 14 years.” Buettner, who is also a National Geographic fellow, has trekked around the world to locate regions where people are living to be 100+ and what’s […]

Investors await Thursday’s meeting of the European Central Bank for possible actionECB president Mario Draghi pledged “to do whatever it takes” last week, buoying marketsGoldman Sachs’ JIm O’Neill: “The eurozone is waiting for leadership”Analyst: “It would really be a game changer if his actions met his rhetoric European Central Bank President Mario Draghi is talking the talk, but now will he walk the walk?That is the question on the minds of global investors this week ahead of Thursday’s ECB governing council meeting, after Draghi’s comments that the ECB is “ready to do whatever it takes” to preserve the euro currency. […]

Click to watch videoLondon – In 2008, 92% of all Olympic swimming medallists were wearing Speedo suits. But then, after the Beijing Olympics, the rules changed.  Swimming’s governing body FINA dramatically reduced the amount of skin the suit could cover, and the last four years have been a race to adapt.Using testing techniques often reserved for aeroplanes and Formula One cars, and working with experts from around the world in its top-secret “Aqualab,” Speedo came up with a solution. It’s known as the Fastskin 3.  This week’s Make, Create, Innovate looks at the evolution of this suit, and the designer’s […]

Spending by American consumers fell in June for the first time in nearly a year when accounting for inflation, suggesting the economy lost momentum as it ended the second quarter. Consumer spending, which makes up about 70 percent of U.S. economic activity, f ell 0.1 percent when adjusted for rising prices, the Commerce Department said on Tuesday. Before making price adjustments, spending was flat. That was just b elow the median forecast in a Reuters poll of 0.1 percent i ncrease. Pressure is rising on policymakers at the U.S. Federal Reserve to do more to help the sputtering U.S. economy. […]

First Job? Put Your Paycheck to Work

Dear Dr. Don, I graduated in June, and I am now using my degree working as a development specialist. I get my first paycheck in a week, and I am wondering what I should do with the money. I do not want to spend it all on pointless items. I don’t have any expenses right now besides gas, food and leisure. I am wondering what I should do with the money and also where I should invest it starting out. I want to grow my wealth and save money. I currently make around $ 600 a week and can save […]

Repairing or replacing windshield is a common thing, with which almost all car owners are familiar. Either the work is assigned to third party professional services or handled by the car owner himself. Whatever car owners do, they need to go through a sound research, before they go for windshield repair and replacement. There are both pros and cons of DIY, when it comes to windshield repair. But first, the  [ Read More ]

New high fashion ads forgo models

Tziporah Salamon, 62, is another citizen-turned-model in Lanvin’s fall 2012 ad campaign. Lanvin used nonprofessional models for its newest ad campaign. Casting agents for Lanvin found this model when he exited a New York bar. Lanvin creative director Alber Elbaz says nonprofessional models add realism to ad campaigns. HIDE CAPTION ‘Real people’ in ads ‘Real people’ in ads ‘Real people’ in ads ‘Real people’ in ads ‘Real people’ in ads << < 1 2 3 4 5 > >> STORY HIGHLIGHTS French fashion house Lanvin generates buzz with ad campaign using “real people” Lanvin is latest brand to use men […]

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