Central Perk

joi, 10 noiembrie 2011

The choice is up to you

Good morning,

I want to introduce you to a few federal employees who are serving our country every day, and who are thinking about ways to make sure your tax dollars aren't wasted.

Yesterday, President Obama announced the four finalists for the 2011 SAVE Award, an annual contest for federal employees to submit their ideas for cutting costs by making government more effective and efficient.

We need your help to determine this year's winner – help us choose who gets to discuss their idea with President Obama.

Cast your vote for the winner of the SAVE Award:

This year, nearly 20,000 ideas were submitted from federal employees across the country. There were a lot of great ideas, but in the end, these four really stood out:

Matthew Ritsko, NASA: At Goddard Space Flight Center, NASA employees purchase specialized tools and ground support equipment for developing and building flight projects. Many of the tools are not tracked once projects are complete, and as a result funds are wasted on duplicative purchases. In order to cut down on repeat purchases, Matthew suggests creating a centralized tool repository – or "lending library" – where these tools can be stored, catalogued, and checked in and out by NASA employees.
Eileen Hearty, Department of Housing and Urban Development: All across the country, HUD contractors and staff conduct annual Management and Occupancy Reviews of multifamily properties (i.e. apartments) that are privately-owned and subsidized by HUD. Many of these properties receive high marks year after year and consistently provide excellent service. Eileen proposes a reduction in the frequency of reviews for high-performing properties – a change that would reward superior properties for their excellent work and reduce the travel costs, staff time, and fees paid by HUD for these reviews.
Kevin Korzeniewski, Office of the Comptroller of the Currency: When Kevin began working as an attorney in the Office of the Comptroller of the Currency, he automatically received a new set of U.S. Code books that get updated and reordered every year. Because the information in these books is now available online through LexisNexis, Westlaw, and free sources – where it is also updated in real time – Kevin suggests that his agency stop automatically ordering these books.
Faith Stanfield, Social Security Administration: Every quarter, the Social Security Administration (SSA) produces and mails OASIS, a 25-plus-page, glossy magazine to 88,000 SSA employees all across the country and more than 1,000 retired SSA employees. The OASIS magazine has been around for decades; however, as more and more SSA communications shift online, Faith suggests that the magazine be released only in an online format to save money on printing and shipping that could be put to better use elsewhere.

The SAVE Award is just one of many ways we're working to ensure that none of your hard-earned tax dollars go to waste. Yesterday, President Obama signed an Executive Order instructing federal agencies to reduce spending by 20 percent on things like travel, cell phones, laptops and other devices that can be issued to employees, printing documents that can be posted online, and unnecessary plaques, mugs, water bottles, and other frivolous swag.

For three years now, federal employees from across the government have submitted their ideas to help streamline and modernize their departments and agencies. These are the folks who know the system best, people who have a genuine understanding of the nitty-gritty details.

All their ideas help to save taxpayers money and make sure the government better serves the American people. And this is a chance to make sure that each of them is recognized for their foresight and creativity.

But only one of them will get a chance to sit down with the President and present their proposal. And it's up to you to choose who that is.

Vote on the SAVE Award today:

http://www.whitehouse.gov/save-award

Sincerely,

David Plouffe
Senior Advisor to the President

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SEOptimise

Google Freshness Update – what it means for your brand

Posted: 09 Nov 2011 07:20 AM PST

Last week Google released yet another algorithm update, and although it wasn't Panda 2.6 or Panda 2.5.2, it has affected up to 35% of searches. The newly-named ‘freshness update’ is built on the Caffeine update that was launched last year, allowing Google to provide the very latest content.

Google's Amit Singhal states that

"Given the incredibly fast pace at which information moves in today's world, the most recent information can be from the last week, day or even minute, and depending on the search terms, the algorithm needs to be able to figure out if a result from a week ago about a TV show is recent, or if a result from a week ago about breaking news is too old."

This seems to be a very timely release, especially in the UK, with lots of hot topics currently trending on the web and on social media, including Frankie Cocozza being kicked off the X Factor, the England poppy fiasco and Carlos Tevez leaving Manchester. With all these topics trending across the web, the freshness update has provided us with the very latest information on the subject from the last day, hour or even minute. There has been a lot of information around about the freshness update and here is Google's official announcement.

So we know that the algorithm will do the following:

Shows the lasted information on hot topics, trending stories and breaking news.
Provides the latest information on regular and upcoming events including concerts, Olympics, General Elections, etc.
Identify the very latest information on product releases, product reviews and information.

So what does this all mean for large brands?

Brands

For the majority of brands I don't see this having a significant effect on their current rankings, especially those that are targeting very generic terms such as "car insurance" or "tents". These terms are not generally in the news or terms that would be considered hot topics, but more research queries.

The issue will be where brands target key phrases that are constantly having new content produced, such as product reviews and releases. As a user you will want to see the very latest information on new products and the most up to date reviews. This would mean that the brand needs to devise a content strategy around specific product keywords to ensure that the very latest information is available to the user.

In theory, brands could use the algorithm to their advantage. Staying with the topic of Carlos Tevez leaving Manchester without consent, a sports brand could potentially write some great content about the story and rank well for a short period of time, generating a spike in traffic but also increasing brand exposure to a different audience. The traffic generated might also provide links to help the page sustain some rankings in the future, whilst also creating an increase in revenue from new visitors. All this at the moment is theory, but could it be potentially used as a short term tactic?

What are your thoughts on the latest freshness update? How do you think it will affect large brands? Could brands use this to their advantage by creating content around a hot topic or event to generate a short-term traffic boost? I look forward to hearing your comments below and of course on Twitter @danielbianchini.

Seth's Blog : The starfish and the long tail have trouble getting along

The starfish and the long tail have trouble getting along

We've all heard the parable of the kid throwing back the starfish, even though there are a million on the beach. "It makes a difference to that one!"

The Long Tail argues that if you can aggregate enough choices, people will make a choice and you'll do fine. Netflix, superstores, eBay--these are all long tail businesses. They might not sell that thing, but you can bet they're going to sell something.

Long tail businesses excel at selling anything, but they're not so good at selling one thing.

Which is fine, unless you're a starfish.

In a world of endless choice, it's mathematically obvious that something's going to get picked, but you, you the creator, the marketer, the one with something at stake--you're not at all concerned about something. You're concerned about you and your product.

If you're a starfish, then, don't sign up with the long tail guys. Build your own universe, your own permission asset. Find a tribe, lead it, connect with it, become the short head, the one and only, the one that we'd miss if you were gone.

The long tail is for organizations that own warehouses.

• Email to a friend •

miercuri, 9 noiembrie 2011

Mish's Global Economic Trend Analysis

Judge Unloads on Deal SEC Struck with Citigroup; No Lessons Learned, Citi Still Too Big to Exist
France, Germany have "Intense Consultations" on Smaller Eurozone; Breakup Inevitable, but How?
Banks Create New Rules to Show they are Already "Well Capitalized"; Magic Spreads at Lightning Speed
Ceridian Fuel Index Rises but Compared to What?
Yield Blowout, Bond Market Emphatically Rejects Italy's Solution; No Place to Hide
Margin Call of 4-5 Billion Euros as Clearing House Raises Deposit Requirements on Italian Bonds; Roman Empire Under Pressure

Judge Unloads on Deal SEC Struck with Citigroup; No Lessons Learned, Citi Still Too Big to Exist

Posted: 09 Nov 2011 07:31 PM PST

A federal judge today blasted 40 years of slap-on-the-wrist, no-admission-of guilt deals the SEC has reached with Citigroup.

In the latest deal, with no admission of guilt, the SEC fined Citigroup for $160 million in illicit profits, even though regulators claim Citigroup profited by $700 million.

Please consider Judge Unloads on Deal SEC Struck With Citi

A federal judge sharply questioned the Securities and Exchange Commission about why it didn't force Citigroup Inc. to admit to "what the facts are" before the agency agreed to settle a mortgage-bond case for $285 million.

During an hour-long hearing Wednesday, U.S. District Judge Jed S. Rakoff, an outspoken critic of the SEC's approach to securities-fraud settlements, challenged the SEC on why the regulator allowed Citigroup to settle the case using boilerplate language in which it neither admits or denies wrongdoing.

"Why does that make any sense in this context?" the judge said.

Judge Rakoff didn't issue a decision on the Citi settlement Wednesday, saying he wants to think about the case and issue an opinion later. He also expressed other concerns.

He questioned why the SEC only sought $160 million in alleged illicit profits—the regulator claims Citigroup profited from the deal—when investors may have lost more than $700 million in the deal.

"They're out something like $600 million, so the net effect of this is, you're only returning a small fraction of what the plaintiff's lost, yes?" the judge asked.

The judge also asked Citigroup lawyer Brad Karp if the company admitted to the allegations. He said the company didn't. "If it's any consolation, we don't deny them either," Mr. Karp said.

No Lessons Learned, Citi Still Too Big to Exist

As long as the rules of the game are such there is no chance of being fined more than illegal profits are made, banks will ignore rules and go for illegal profits.

The SEC has learned nothing from these deals, but the financial sector has. Banks have learned they will profit more from illegal activities than they will be fined if they are caught. The added bonus is they are unlikely to get caught in the first place.

Such actions prove Citigroup remains too big to exist even though Citigroup CEO Claims Citi has Learned a Lesson on Leverage and Banks Should be Banks, Not Supermarkets.

Banks should be banks, not criminal operations. Then again, some might wonder, is there a difference?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

France, Germany have "Intense Consultations" on Smaller Eurozone; Breakup Inevitable, but How?

Posted: 09 Nov 2011 02:08 PM PST

Realization the Eurozone is no longer tenable is at long last at hand. In fact, "intense discussions" have been underway for months but are just now admitted to by senior EU officials.

Bloomberg reports U.S. Stocks Extend Declines on Concern Nations May Exit Euro

U.S. stocks extended declines following a report that German Chancellor Angela Merkel's party wants to make it possible for European nations to exit the euro area.

Merkel's Christian Democratic Union party wants to make it possible for European Union members to exit the euro area, Handelsblatt reported in a preview of an article to be published tomorrow, citing unnamed participants in the discussion.

A commission within the party, that is crafting a framework to be presented at a party meeting, has proposed allowing a euro member who doesn't want to or isn't able to comply with the common currency rules to leave the euro region without losing membership in the EU, the newspaper said.

France and Germany have "Intense Consultations" on Smaller Eurozone

Please consider French and Germans explore idea of smaller euro zone

"France and Germany have had intense consultations on this issue over the last months, at all levels," a senior EU official in Brussels told Reuters, speaking on condition of anonymity because of the sensitivity of the discussions.

"We need to move very cautiously, but the truth is that we need to establish exactly the list of those who don't want to be part of the club and those who simply cannot be part," the official said.

The change has been discussed on an "intellectual" level but had not moved to operational or technical discussions, the EU official said.

A French finance ministry spokesman denied there was any project in the works to reduce the currency bloc's membership.

"There have been no conversations between French and German authorities at any level on decreasing the size of the euro zone," the spokesman said .

A radical overhaul of the European Union would be opposed by many members.

"This will unravel everything our forebears have painstakingly built up and repudiate all that they stood for in the past sixty years," one EU diplomat told Reuters."This will redraw the map geopolitically and give rise to new tensions. It could truly be the end of Europe as we know it."

Never Believe Anything Until It's Officially Denied

We now have an official denial from France that breakup conversations are taking place. This contradicts an admission by others that such discussion are taking place.

According to the 1980's British sitcom Yes Minister, "The first rule of politics," Sir Humphrey, the wily civil servant in the show, insists is: "never believe anything until it is officially denied."

Eurozone Breakup Inevitable, But How?

The Eurozone is a failed experiment. A breakup is inevitable just as it has been from the beginning. Structural flaws were too great, built up over the years. No currency union in history has ever survived unless there was also a fiscal union.

The German supreme court has ruled out a fiscal union and printing unless German voters approve (and they won't). Please see Germany's Top Judge Throws Major Monkey Wrench Into Leveraged EFSF Machinery, Demands New Constitution and Popular Referendum for Further Powers for details.

The Italian bond market revolt (see Yield Blowout, Bond Market Emphatically Rejects Italy's Solution; No Place to Hide) and the collapse of Greece says the breakup is sooner rather than later. However, politicians have a propensity to kick the can down the road longer than anyone thinks possible.

The key question now is how?

It would be best for all involved if Germany left the Eurozone and went back to the Deutschmark. Germany would have an immediately credible currency. Should Greece or Spain leave first, those countries might experience hyperinflation or massive inflation.

Breakup Scenarios and Logistics of Denial

For further details discussion of various breakup scenarios as well as a discussion on the "Logistics of Denial", please see my September 16 article Eurozone Breakup Logistics (Never Believe Anything Until It's Officially Denied)

It's important to remember that Germany suffers regardless. As long as the Eurozone stays intact (it can't and won't over the long haul) German taxpayers have to keep acting bailing out foreign countries, foreign banks, and their own banks.

On the other hand, were Germany to leave, the debts to German banks will not be paid back in Deutschmarks but rather deflated Euros.

On the whole, Germany exiting the Eurozone would be less disruptive, than massive inflation scenarios in Greece, Portugal, and Spain.

If France wants to stay in the Euro, let them. They can have the ECB as well. Then the ECB will print money to bail out the French banks (just as French president Sarkozy wants).

Sarkozy may not want a collapse of the Euro, but it would happen. The message here is simple: If you are in Euros, get the hell out.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Banks Create New Rules to Show they are Already "Well Capitalized"; Magic Spreads at Lightning Speed

Posted: 09 Nov 2011 11:30 AM PST

Regulators have said European banks need to come up with additional capital. The amounts vary from 8 to 413 billion Euros.

Anything less than 200 billion Euros (the IMF's proposed number) is preposterous. Given the rout in Italian bonds today and the gloomy outlook for Spain and Portugal, even 400 billion Euros is far too low.

One Trillion Euros would not be surprising.

The number that Merkel and Sarkozy hammered out with banks is a lousy 106 billion Euros. However, more stories are out today showing the intent of banks is to raise 0 billion in additional capital (because they don't need to!)

For example, Bloomberg reports Financial Alchemy Foils Capital Rules as Banks Redefine Risk

Banks in Europe are undercutting regulators' demands that they boost capital by declaring assets they hold less risky today than they were yesterday.

Banco Santander SA, Spain's largest lender, and Banco Bilbao Vizcaya Argentaria SA, the second-biggest, say they can go halfway to adding 13.6 billion euros ($18.8 billion) of capital by changing how they calculate risk-weightings, the probability of default lenders assign to loans, mortgages and derivatives. The practice, known as "risk-weighted asset optimization," allows banks to boost capital ratios without cutting lending, selling assets or tapping shareholders.

Regulators in Europe, seeking to stem the region's sovereign-debt crisis, ordered banks last month to increase core capital to 9 percent of risk-weighted assets by the end of June. Lenders, facing a 106 billion-euro shortfall, are reluctant to plug the gap by cutting dividends or bonuses and are struggling to sell assets or raise cash in rights offerings. Politicians are trying to stop banks from the alternative, cutting back lending, because it could trigger a recession.

"By allowing sophisticated banks to do their own modeling, we are allowing the poacher to participate in being the game- keeper," said Adrian Blundell-Wignall, deputy director of the Organization for Economic Cooperation and Development's financial and enterprise affairs division in Paris. "That risks making core capital ratios useless."

Commerzbank, Lloyds

Spanish banks aren't alone in using the practice. Unione di Banche Italiane SCPA, Italy's fourth-biggest bank, said it will change its risk-weighting model instead of turning to investors for the 1.5 billion euros regulators say it needs. Commerzbank AG, Germany's second-biggest lender, said it will do the same. Lloyds Banking Group Plc, Britain's biggest mortgage lender, and HSBC Holdings Plc, Europe's largest bank, both said they cut risk-weighted assets by changing the model.

The IMF recapitalization need is 200 billion Euros, a figure I think is exceptionally low because it ignores writedowns on Portuguese, Spanish, and Irish debt (and of course Italian debt as well). It also presumes Greek losses will be pegged at 50% when losses are likely to be in the 70-90% range.

Nonetheless, the agreement worked out by Merkel reduced that 200 billion euro figure down to 106 billion.

I talked about reluctance of banks to raise needed capital on October 31, in Europe to Recapitalize Banks Without Raising any Capital; Berlusconi Defiant as Focus Shifts to Italy; Sarkozy Under Fire for Seeking China's Help

The answer to the question "How Does Europe Recapitalize Banks Without Raising any Capital?" should now be perfectly clear ...

Oh Ho Ho Its Magic!

Magic Spreads at Lightning Speed

What one bank does, they all do.
The Bloomberg article clearly shows Magic has Spread.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Ceridian Fuel Index Rises but Compared to What?

Posted: 09 Nov 2011 09:12 AM PST

Inquiring minds are digging into the Ceridian Report for October which shows the Pulse of Commerce Index Increased 1.1 Percent in October Offsetting the 1.0 Percent Decline in September.

However, appearances may be deceiving because month-over-month comparisons are easy and the three-month moving average is still falling.

The Ceridian-UCLA Pulse of Commerce Index® (PCI®), issued today by the UCLA Anderson School of Management and Ceridian Corporation rose 1.1 percent in October after three consecutive negative months: -1.0 in September, -1.4 percent in August and -0.2 percent in July.

The October data offers a welcome relief from the double-dip fears that were rampant a month ago, but one month does not mean a new trend. Until we get a series of positive months, it remains a she-loves-me, she-lovesme- not economy with bad news followed by good followed by bad.

Moreover, the positive month-on-month news in October is relative to a very disappointing September result. Though the growth in October offsets the September decline, it doesn't offset the cumulative decline including August and July. The average of the last three months has declined compared with the previous three months at an annualized rate of 5.8 percent, and the PCI remains lower than it was during most of the first half of 2011.

About Ceridian-UCLA Pulse of Commerce Index

The Ceridian-UCLA Pulse of Commerce Index® is based on real-time diesel fuel consumption data for over the road trucking and serves as an indicator of the state and possible future direction of the U.S. economy. By tracking the volume and location of fuel being purchased, the index closely monitors the over the road movement of raw materials, goods-in-process and finished goods to U.S. factories, retailers and consumers.

Year-Over-Year Growth of PCI

Retail Sales and the PCI: Inventories in Motion

Ceridian reports ....

The growth in real GDP is to a large extent driven by growth in consumer spending. In the above figure, both the PCI and the real retail sales have been normalized by their maximum value, making it easy to see that both declined from their peak values by 13 or 14 percent.

Last year the disconnect between the PCI and real retail sales was resolved with a burst in trucking activity, which seems most likely this year although some commentaries suggest retail sales are falling short of expectations.

Retail Sales Short of Expectations

The last line above is interesting because the Financial Times does indeed report US retail sales fall short of expectations

November 3, 2011

US retail sales rose in October but growth decelerated and fell below market expectations as retailers head into a holiday shopping season of fragile sentiment and fierce competition.

In spite of a weak economy, sales increased 3.8 per cent from a year ago to rack up a 26th successive monthly rise, according to Retail Metrics. But they fell below analyst forecasts of 4.4 per cent growth and below the 5 per cent-plus increases of the previous three months.

Fifty four per cent of the retailers that report monthly sales fell short of expectations, among them both those that reported overall increases and declines.

In September, half of the retail sales gains were in autos. Yet, Auto sales are counted when cars are shipped to dealers, not when they are sold to consumers.

Please consider GM Sales Barely Rise, Chrysler's Up 27%; What Does It Mean?

GM Sales Barely Rise, Chrysler's Up 27%
Chrysler Group LLC's October U.S. auto sales rose 27% while General Motors Co. climbed just 1.7% amid a mixed picture for the largest U.S. auto makers.

GM suffered declines in all its brands except Chevrolet, the Detroit auto maker said on Tuesday. Its dealer inventory was up 15% from a year ago and up 6.1% from September.

The auto maker reported total sales for the month of 186,895 vehicles. Its Chevrolet sales rose 6% while Cadillac sales fell 11.9%, Buick declined 7% and GMC sales dropped 4.6%. Overall, GM's retail sales were up 2.6% ...
Sales down and dealer inventory up 15% at GM.

The key takeaway from last months "good" GM sales report is it was largely based on channel stuffing. "Sales" get reported when cars are shipped to the dealer and cars are stacking up at GM dealers.

I do not think sales, especially auto sales, were as robust as reported. Even if they were, there is no reasonable expectation the increase in sales should continue.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Yield Blowout, Bond Market Emphatically Rejects Italy's Solution; No Place to Hide

Posted: 09 Nov 2011 08:58 AM PST

Italy has a debt rollover needs and the market just shut off efficient funding across the entire yield curve. There is no place to hide while waiting for the long-end of the curve to calm down.

Italian government debt yields are above 7% from 2-year bonds all the way to 10-year bonds, with an inversion in 3-year and 5-year yields vs. 10-year yields. Moreover the 2-year yield is very close to inversion as well.

Sovereign Debt Table Italy vs. Germany

Duration	Germany	Italy	Spread
2-Year	0.36	7.18	6.82
3-Year	0.49	7.55	7.06
5-Year	0.89	7.59	6.70
10-Year	1.73	7.25	5.52

Note that the spread between German and Italian 3-year bonds exceeds 7%.

This capture is at about 10:45 Central, after the market calmed down a bit. Here is a chart to show the "calming".

Italy 10-Year Government Bond Yield

Yields are well below the highs of the day, yet still up significantly.

Expect emergency meetings at the ECB, IMF, EMU, EU, and Italian Government to start anytime. Actually they are probably underway right now.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Margin Call of 4-5 Billion Euros as Clearing House Raises Deposit Requirements on Italian Bonds; Roman Empire Under Pressure

Posted: 09 Nov 2011 12:42 AM PST

Yields on Italian bonds rose once again on Tuesday as margin requirements on those bonds rose sharply. Bloomberg reports LCH Clearnet Boosts Deposit Required for Trading Italian Government Bonds

The so-called deposit factor charged for Italian bonds due in seven-to-10 years will be raised to 11.65 percent, LCH Clearnet SA said in a document on its website dated yesterday. That compares with a charge of 6.65 percent announced in an Oct. 7 document. The additional charges will be applied from close- of-day positions today, LCH said.

Roman Empire Under Pressure

Steen Jakobsen, chief economist at Saxo Bank, pinged me with these comments.

Major investment banks calculate the "margin call" to be around 4-5 billion EUR as of tomorrow.

The Italian situation is very complicated – on one hand Berlusconi has promised to step down, on the other there are no alternatives to him in the opposition, there is no real hope for majority for "someone else".

Berlusconi has a long history of comebacks, and being 75 years old he has little to lose. The main issue remains whether Italy truly moves forward with austerity and reforms. One without the other has no value for market and for building a fire-wall around Italy.

The facts are simple: No one but Italy itself can save Italy under present conditions.

ECB intervening is merely delaying the inevitable. Italy needs to move forward.

Only two countries has had lower growth than Italy since 2000 – Haiti and Zimbabwe!

This is the present outlook for 2011 and 2012:

Conclusions

A bureaucrat government in Greece and potentially Italy will not solve anything. What's needed in both countries are:

A government elected to deal with crisis
A plan for creating growth and reforms
An austerity plan underwritten by politicians, labor unions and employers.

That does not seem likely for now, in either country.

At a bare minimum we will have another month of uncertainty. A concerning trivia remains in place: When a country passes 6.5% in 10 year yield – the call for help from the IMF has only been 14 days behind. Italy is different, but the timeline is running out.

Safe travels,

Steen

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Damn Cool Pics

The Dark Knight Rises Filming in New York
Promotional Posters for Movies That May Never Exist
The New Workplace Currency: It's Not Just Salary Anymore [INFOGRAPHIC]
Grand Theft Auto V Trailer
Blood Pack of Santa Claus
Strange Rock Formations Around The World

The Dark Knight Rises Filming in New York

Posted: 09 Nov 2011 04:45 PM PST

Christian Bale and Tom Hardy were both spotted on the New York set of The Dark Knight Rises over the weekend. A clash between Gotham City Police and escaped inmates from Arkham Asylum, led by Bane (Hardy), footage shows hundreds of extras duking it out at a smoke-filled intersection until the sound of air-horns signal the end of the take.

Christopher Nolan's last Batman movie in his Batman trilogy, opens in theaters on July 20, 2012 and stars Christian Bale, Michael Caine, Gary Oldman, Morgan Freeman, Tom Hardy, Anne Hathaway, Joseph Gordon-Levitt, Marion Cotillard, Juno Temple, Josh Pence, Daniel Sunjata, Nestor Carbonell, Matthew Modine, Tom Conti, Joey King, Brett Cullen, Chris Ellis, Josh Stewart, Christopher Judge, Adam Rodriguez and Rob Brown.

Promotional Posters for Movies That May Never Exist

Posted: 09 Nov 2011 04:05 PM PST

Great movie posters play a key role at the American Film Market event in Santa Monica, California, because sci-fi filmmakers often rely on these "sell sheets" to attract production money and distribution deals even before their projects go into production.

While we wait for Abraham Lincoln vs. Zombies to hit the Big Screen, feast your eyes on these 19 Insane Posters for Movies That May Never Exist, over at Wired's Underwire blog:

Extending the B-movie legacy of insane posters and catchy titles, legendary showman Roger Corman and other independent producers unleash a fresh barrage of eye-popping genre hype this week at the American Film Market. Great movie posters play a key role at the annual movie marketing event in Santa Monica, California, because sci-fi filmmakers often rely on these "sell sheets" to attract production money and distribution deals even before their movies go into production.

The New Workplace Currency: It's Not Just Salary Anymore [INFOGRAPHIC]

Posted: 09 Nov 2011 03:27 PM PST

Planning on hiring a hotshot kid straight out of college? Here's a checklist for you: Make sure she can tweet or update Facebook while on the clock. Let her get work email on whatever device she wants. Allow her to work from home on her own schedule, even though she's unlikely to really think it makes her more productive. And by the way, an increasing number of your employees don't think they need to be in the office either.

These are all the results of a Cisco survey of 2,800 college students and young professionals worldwide. The survey had a number of questions that make good cocktail party trivia (one-third of students think the Internet is as important as food, air and water) and are rather less impressive the more you consider them (the vast majority, after all, don't believe that for a moment).

Click on Image to Enlarge.

Source: cisco

Grand Theft Auto V Trailer

Posted: 08 Nov 2011 10:18 PM PST

Rockstar Games has officially released the trailer for its next open-world video game that is sure to be full of cars, guns and illegal substances — Grand Theft Auto V.

The games takes place in modern-day Southern California in the city of Los Santos (a clear rendition of Los Angeles and surrounding areas).

Blood Pack of Santa Claus

Posted: 08 Nov 2011 09:34 PM PST

Designer Kiseung Lee of Helsinki wants people to fill stockings with more vital gifts this Christmas: donations to the blood bank. His conceptual stocking-shaped blood packs were on show as part of Helsinki Design Week in September, although they were filled with red pigment rather than actual blood.

Source: dezeen

Strange Rock Formations Around The World

Posted: 08 Nov 2011 02:37 PM PST

Rock formations are created by the elements such as heat, wind, rain, and erosion. What nature has done with these tools on the palette of the earth is both breath taking and mind boggling. These incredible natural rock formations were created slowly over millions of years using the hardest materials. Thankfully for us, nature is a patient artist.

An overview of the 25 most incredible natural rock formations on the planet:

Balanced Rock, Garden of the Gods, Colorado