sâmbătă, 3 martie 2012

Damn Cool Pics

Damn Cool Pics


Rubik's Cube Blindfolded World Record 28.80 Seconds by Marcell Endrey

Posted: 02 Mar 2012 08:30 PM PST



Marcell Endrey sets a new World Cube Association (WCA) world record for solving the Rubik's Cube blindfolded at the Zonhoven Open 2012 in Zonhoven, Belgium, with a magnificent time of 28.80 seconds.

The goal of the organization is having some good old-fashioned fun in an atmosphere of fairness, so if you've always dreamed of putting your Rubik's Cube skills to work on an international stage, check out their site for more information.


20 Funny Clothing Tags

Posted: 02 Mar 2012 02:43 PM PST

Clothing tags shouldn't be boring. You have to be made of stone inside if you don't find these clothing tags somewhat amusing!

Thank­fully, you chil­dren already know how to read labels and do your own laun­dry. Right?









































What Susan G Komen Doesn't Understand About Communities and You Should

What Susan G Komen Doesn't Understand About Communities and You Should


What Susan G Komen Doesn't Understand About Communities and You Should

Posted: 02 Mar 2012 02:31 AM PST

Posted by ericpratum

Recently, Susan G. Komen pulled some funding for Planned Parenthood, and the internet exploded in disgust. Some people responded maliciously by supposedly hacking their site:

Komen hacked

Others responded with donations:

Global neighborhoods can appear, exist, and disappear overnight.

In Shel Israel's 2009 book Twitterville, he argues that communities and causes now form around issues of the day and not organizations. Because of all of the possibilities to connect, it's no longer necessary to fly to Haiti to see the effect of your donations or advocacy. You can advocate online, see the dollars get racked up, get emailed pictures of people being helped, and then see the YouTube video about all of it tomorrow.

Leveraging pre-existing networks to fight SOPA.

Reddit SOPA BlackoutDuring the recent SOPA blackout, supporters used pre-existing communities (*cough* Reddit) to tip a movement from underground, web-entrepreneurs, and web-folk lurkers being upset to popular media movement. Their success was based by and large on leveraging communities that already existed. Their "global neighborhood," as Shel Israel might have dubbed it, appeared quickly, made use of a network that already existed.

If anti-SOPA protesters had tried to do this all themselves and build a community from scratch, they wouldn't have gotten anywhere. Without the initial mass media attention that something like an earthquake garners, getting a community moving takes months if not years.

SOPA succeeded in part because of using those pre-existing communities.

Building events from communities of passion.

Social SlamMark Schaefer was blogging away at {grow} for months and months before he and Social Media Club Knoxville dreamed up the first Social Slam, an event I am happy to have attended and will now be speaking at this year. They debated whether or not the event would be successful in little, old Knoxville or if they needed to move it to Atlanta, my town, to get a proper audience.

Because Social Slam leveraged the high-passion community that Mark had built around his blog, the event sold out in its first year and had to be moved to a larger location. People came in from every corner of the US, seriously, and this year, the speakers list includes people like Mitch Joel, Gini Dietrich, Tom Webster, and Marcus Sheridan. All for an event that costs only $90 to attend and is in Knoxville... not LA, not NYC, not Atlanta... Knoxville.

When a machete to the face moves the world.

Anthony OmariOn January 23rd, men broke into a Kenyan orphanage, and in a fight that ensued, Anthony Omari was struck in the face with a machete blade. Two days later, Reddit user TheLake posted this photo and asked if users could donate $2,000 to help.

Within 24 hours, Redditors had donated over $65,000 to build a wall, improve the orphanage, and help Omari, and as members of communities often do, TheLake returned with more pictures and words of thanks.

If TheLake had posted his request to Kickstarter or tried to build his own network, he would have been lucky to get $200, not to mention the requested $2,000. Because he leveraged an existing community, where a global neighborhood could pop up and then disappear quickly, he had access to people with the means to help, an immediate way to get his message out, and a way to respond to that community with information that helped them to feel secure in their contributions: photos, comments, etc.

Ego stroking works as long as it's not just ego stroking.

Click worthy titles

Dan's recent YouMoz post had both a great title and good analysis. If the number of comments and thumbs are any indication, he was smart in choosing to post this here rather than anywhere else.

Several factors played into Dan's success here:

  1. He posted the right topic in the right community.
  2. He stroked a few community mogul egos with his screen shots.
  3. His praise of those people wasn't empty, but rather appropriate.
  4. He didn't try to hammer it out alone, building his own network or community. He went where there was a community ready for his message.

Similar things could be said of other members of the SEOmoz community that, rather than building their own separate communities, have smartly leveraged the people and relationships here to build their businesses, events, brands, and more. This is going where the people are rather than trying to build a more attractive community and then fill it with people.

What you can learn from Susan G Komen and these examples.

Yay, Boo.Global neighborhoods can pop up anywhere, around anything. If millions of people can feel connected to Haitian earthquake victims, stand together to fight SOPA, or donate 32.5x the asked amount to an orphanage in Kenya and feel good about it, you can leverage a network or two to build your business, spread your message, and maybe even protect you from the blowback associated with breaking bad news.

SEOs often talk about places like Reddit like the community is only there to be seeded and as if previously popular, strong-PR subreddits are gold mines for link building, but while links can be votes of confidence for your site, community members can be bellmen for your causes and missions.

In this move and decision, Susan G Komen caved to pressure, did not fully explain itself to the people most concerned, and never bothered to reach out to a community to engage with or support it.

Don't reinvent the wheel.

So goodCorporate blogging has declined in the last year, and I'd wager it is due to marketers trying to remake their corporate marketing in the model of previously successful ventures only to realize what we all know offline. Copying success often does not lead to success. Instead, plugging into ready and waiting communities and providing something they desperately need and care about does.

And, it doesn't hurt to stroke egos now and then...as long as it's warranted and genuine.


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Seth's Blog : My first recommended book list of 2012

My first recommended book list of 2012

I think that books remain the tool of choice for changing the discussion and for impacting the way people think. There's really no better way for an individual to speak up with authority.

I hope you find something on this list that resonates with you.

And if you haven't read it yet, don't forget to download my new free ebook, Stop Stealing Dreams. After a week, it's been tweeted more than 4,000 times, with over 100,000 readers and more than 22,000 search matches.

 

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Weekly Address: Taking Control of Our Energy Future

The White House

Your Daily Snapshot for
Saturday, March 3, 2012

 

Weekly Address: Taking Control of Our Energy Future 

President Obama talks about how the American auto industry is back and creating cars that are better than ever -- and says we need to fight for a clean energy future that is within our reach.

Watch the video:

President Barack Obama tapes the Weekly Address in the State Dining Room of the White House, March 2, 2012. (Official White House Photo by Lawrence Jackson)

Weekly Wrap Up

Your quick look at this week on WhiteHouse.gov:

Welcoming the Danish Prime Minister: Five months ago, Helle Thorning-Schmidt became the first female prime minister of Denmark. In the Oval Office on Friday, Prime Minister Thorning-Schmidt joined the President to discuss a range of issues – including counterterrorism cooperation and international security.

Challenging America’s Governors: At an annual meeting of the National Governors Association in the State Dining Room on Sunday, governors were put up to two challenges—one by the First Lady Michelle Obama and Dr. Biden and another by President Obama: to take action on the state level to support military spouses and to ensure that all students receive the education and skills they need for the jobs of tomorrow.

We Demanded Responsibility: Speaking at the United Auto Workers Annual Conference on Tuesday, the President discussed the success of the American auto industry—turning profits, opening new factories, and adding hundreds of thousands of jobs—after being on the edge of collapse three years ago. “Because everyone came together and worked together,” the President explained, “the most high-tech, fuel-efficient, good-looking cars in the world are once again designed and engineered and forged and built – not in Europe, not in Asia – right here in the United States of America.”

A Nation’s Gratitude: On Wednesday night, President Obama, First Lady Michelle Obama, Vice President Joe Biden, and Dr. Jill Biden welcomed a group of true heroes to the White House. More than 100 men and women who served in Operation Iraqi Freedom and Operation New Dawn were in attendance for a formal dinner both to thank them for their bravery and dedication to their mission on behalf of more than 300 million Americans, as well as to mark the end of the war.

One Path Forward: Diagram in hand at Nashua Community College in New Hampshire on Thursday, the President spoke about America’s decreasing dependence on foreign oil and the ways in which the federal government is working to address the high costs at the pump. He also renewed his call to repeal the $4 billion in subsidies that taxpayers provide the oil industry each year.

Want to Go, Play, and Move?: Following over a century of White House tradition, the First Family is gearing up to host the 2012 White House Easter Egg Roll on Monday April 9. Do you want your family included in the more than 35,000 people who will be joining the First Family on the South Lawn? Enter the online ticket lottery here by 10 am EST on March 5, 2012 for your chance to be part of the games, stories, singing, dancing, and, of course, egg rolling at the White House.

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Seth's Blog : Finishing well

Finishing well

It's not enough to finish the checklist, to hurrily do the last three steps and declare victory.

In fact, the last coat of polish and the unhurried delivery of worthwhile work is valued all out of proportion to the total amount of effort you put into the project.

It doesn't matter how many designers, supply chains, workers, materials and factories were involved--if the box is improperly sealed, that's how you will be judged.

 

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vineri, 2 martie 2012

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Bank of America Clash with Fannie Mae Intensifies; Insurance Disputes Put Taxpayers On the Hook For Still More Losses

Posted: 02 Mar 2012 02:52 PM PST

Taxpayers are already on the hook for $180 billion in losses at Fannie Mae and Freddie Mac. That number is going to rise, perhaps significantly.

The clever synonym for more taxpayer losses is "treasury Advance". With that understanding, please consider Fannie Mae's Losses Narrow but Treasury Advance Requested.
Fannie Mae is reporting a net loss of $2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1 billion in the third Quarter. For the entire 2011 year it reports a net loss of $16.9 billion compared to $14.0 billion in 2010.

The net worth of the company had a net deficit of $4.6 billion as of December 31 reflecting the $1.9 billion loss and its payment to Treasury of $2.6 billion in senior preferred stock dividends during the fourth quarter compared to $2.5 billion in Quarter Three. The Federal Home Mortgage Finance Agency (FNFA), conservator of Fannie Mae, will submit a request to the Treasury Department for a draw of $4.57 billion to eliminate the net worth deficit.
Bank of America Clash with Fannie Mae Intensifies

In simple terms, Fannie Mae will cost taxpayers another $4.6 billion. That's not the worst of it.

Taxpayers may be on the hook for still more losses as BofA Clash With Fannie Intensifies.
Bank of America Corp. said it's facing more demands by Fannie Mae for refunds on flawed home loans because mortgage insurers who cover defaults rejected 25 percent more claims last year.

Unresolved insurance rejections rose to 90,000 at the end of 2011 from 72,000 the year earlier, Bank of America said last week in its annual filing with regulators. Last year's denials equal $1.2 billion in unpaid loan balances, according to a note yesterday by Compass Point Research and Trading LLC.

The rejections heighten tension between Brian T. Moynihan, the bank's chief executive officer, and U.S.-owned Fannie Mae in their disputes over who must pay for billions of dollars in failed loans made during the housing boom. When mortgage insurers deny claims, the two firms are left to squabble over whether losses will be borne by bank shareholders or the taxpayers who bailed out Fannie Mae.

Shorter Deadline

Pressure on Bank of America, the second-biggest U.S. lender by assets, may rise in July when Fannie Mae shrinks the amount of time it gives a bank to appeal an insurer's denial to 30 days from 90 days before pressing for a refund. Repurchase costs probably would rise if the firm is forced to adhere to Fannie Mae's policy, Bank of America has said.

Fannie Mae and Freddie Mac buy mortgages from lenders and package them into securities for sale to investors. Both firms were seized by the U.S. in 2008 to stave off collapse, and have collectively drawn more than $180 billion in taxpayer funds. The bill is likely to rise -- Fannie Mae this week requested $4.6 billion more from the U.S. Treasury Department -- and the firms' regulator is pressing banks for refunds on bad loans to limit the bailout's cost to the public.

Insurance Disputes

Bank of America is involved in legal disputes with mortgage insurers, including MGIC, saying the firms are denying valid claims.

In the second half of last year, Bank of America has "materially increased" the percentage of denials it argues are improper, Milwaukee-based MGIC said this week in a filing. AIG's mortgage guarantor said last week that lenders were devoting more resources to reversing rejections.

Bank of America has committed about $42 billion to deal with flawed mortgages, foreclosures and writedowns since the start of 2007. The lender accounts for half of Fannie Mae's pending repurchase demands after insurance denials, the Washington-based firm said this week in an annual filing.

Outstanding repurchase claims against Bank of America from all sources jumped 22 percent to a record $14.3 billion as of Dec. 31, the lender said in January. That increase was fueled in part by other demands from Fannie Mae. The mortgage financing firm has started asking for refunds on loans that have performed for 2 years or more before defaulting, requests Bank of America has deemed invalid.

More Public Money

Fannie Mae faces its own squeeze and asked for more public funds this week after posting a $2.4 billion loss in the fourth quarter. The company said that while Bank of America has failed to "honor repurchase obligations in a timely manner," it still expects to get reimbursed.

"If we collect less than the amount we expect from Bank of America, we may be required to seek additional funds from Treasury," the company said in the Feb. 29 filing.
By the way, look at the potential losses mounting up at Bank of America if Fannie Mae does succeed on those push-backs. Think Bank of America has sufficient reserves for credit losses? I don't.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Money for Debt Swaps but No Money for Greece; Eurozone Delays Rescue Funds on Failure to Meet Conditions

Posted: 02 Mar 2012 09:49 AM PST

The Financial Times reports Eurozone delays Athens rescue funds
Eurozone members have delayed approval of more than half of the €130bn bail-out for Greece after deeming that Athens has yet to meet all the terms set as the price of a second rescue.

However, finance ministers from the 17-country currency bloc meeting in Brussels signed off on funds to underpin a €206bn debt swap to cut the value of the Greek bonds held by private investors.

Jean-Claude Juncker, the Luxembourg prime minister who chairs the eurogroup, said Greece's official creditors would "finalise in the next few days" an assessment of Greece's steps to enshrine the bail-out conditions into law.

But he added that the full bail-out would only be completed on a successful completion of the debt swap with private bondholders.

The ministers decided that Athens had yet to meet all the conditions to secure the €71.5bn portion of the bail-out destined for the Greek government. The balance of the rescue funds – which, when combined with other incentives and instruments to be used in the debt swap comes to some €93bn – was agreed.
There is not much new information here actually. Greece was supposed to have met conditions at the end of October, then November, then January, then February.

Every time Greece failed and it did not matter. The EMU granted extension after extension.

However, with the debt swap and protection of the ECB, and with a bond payment due on March 20, time has run out for extensions. The sane thing to do would be for the EMU, IMF, and ECB to accept the very simple fact that Greece is bankrupt and there is no point in giving Greece another nickel, thereby forcing Greece out of the Eurozone.

All parties should have recognized that years ago actually, but stubborn ideology got in the way.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions

Posted: 02 Mar 2012 07:51 AM PST

In the worst possible form of kicking the can down the road, at the worst possible time as well (given the lofty overvalued condition of the stock market), To Pay New York Pension Fund, Cities Borrow From It First.
When New York State officials agreed to allow local governments to use an unusual borrowing plan to put off a portion of their pension obligations, fiscal watchdogs scoffed at the arrangement, calling it irresponsible and unwise.

And now, their fears are being realized: cities throughout the state, wealthy towns such as Southampton and East Hampton, counties like Nassau and Suffolk, and other public employers like the Westchester Medical Center and the New York Public Library are all managing their rising pension bills by borrowing from the very same $140 billion pension fund to which they owe money.

Across New York, state and local governments are borrowing $750 million this year to finance their contributions to the state pension system, and are likely to borrow at least $1 billion more over the next year. The number of municipalities and public institutions using this new borrowing mechanism to pay off their annual pension bills has tripled in a year.

Public pension funds around the country assume a certain rate of return every year and, despite the market gains over the last few years, are still straining to make up for steep investment losses incurred in the 2008 financial crisis, requiring governments to contribute more to keep pension systems afloat.

Nationwide, the cost of public retiree benefits has soared in recent years, and states including California, Connecticut and Illinois have been borrowing to pay, or even deferring, their pension bills. Many states are worse off than New York. New Jersey is still paying off bonds issued in 1997 to close a hole in its pension system.

But New York appears to be unusual in allowing public employers to borrow from the state's pension system to finance their annual contributions to that system.

In Poughkeepsie, which is contributing $3.6 million into the state pension system this year and borrowing nearly $800,000, Mayor John C. Tkazyik, a Republican, said rising pension costs and new federal accounting requirements for retiree health coverage could have dire consequences.

"It could bankrupt the city," Mr. Tkazyik said, adding that the city had cut its work force, to 367 from 418 employees, in four years as it struggled to compensate.
Perverted Math

Only with the most perverted actuarial math can anyone fund a pension plan by borrowing from it.

Unfortunately, it's not just cities that are borrowing money from plans to fund them. New York state borrowed $575 million in the current fiscal year, and $782 million in the next, under Gov. Andrew M. Cuomo's proposed budget.

The True One Percent

The following video may come across as a bit over-the-top in terms of presentation, but the examples are accurate.



Link if video does not play:Government Employees: The True 1%

Public Pension Ponzi Scheme

As I have commented on numerous occasions, defined benefit pension plans are going to bankrupt numerous cities and states. Several smaller cities have already gone bankrupt over union salaries and pensions.

Numerous other cities are on deck. The public pension Ponzi scheme will fly apart as soon as one major city declares bankruptcy to get those pension benefits tossed out in court.

Realistically speaking, numerous cities such as Los Angeles, Houston, and San Diego are already bankrupt, as are second tier cities like Oakland, Newark, Cincinnati, and Baltimore and others too numerous to list, they just have not admitted it yet.

Simply put, pension promises have been made that cannot and will not be kept.

In the meantime, defined benefit plans need to end, city services privatized or eliminated, Davis-Bacon and prevailing wages laws scrapped, national right-to-work laws implemented, and at the top of the list, collective bargaining of public union workers need to stop immediately.

It's time to abolish collective bargaining, a practice that makes slaves out of everyone. I make the case in ...

Collective Bargaining neither a Privilege nor a Right

Paul Krugman, Stephen Colbert, Bill Maher, others, Ignore Extortion, Bribery, Coercion, and Slavery; No One Should Own You!

Clearly, huge battles loom over these issues.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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