lorna caviar: June 2013

Wednesday, June 26, 2013

Mass. voters head to polls to pick new US Senator

This panel of May 2013 file photos shows Republican Gabriel Gomez, left, and Democrat U.S. Rep. Ed Markey, right, candidates for U.S. Senate in the June 25, 2013 special election, being held to fill the seat vacated when John Kerry was appointed as secretary of state. (AP Photos/File)

Massachusetts Senate Democratic candidate Ed Markey, left, meets and greets grassroots volunteers and supporters at the Pickle Barrel Restaurant & Deli, in Worcester, Mass., Monday, June 24, 2013. Markey and Republican Gabriel Gomez made appeals to voters Monday in the final hours before Massachusetts' special election for the U.S. Senate, where turnout is expected to be light, a contrast to the high-profile special election in the state three years ago. (AP Photo/Worcester Telegram & Gazette, John Ferrarone)

Gabriel Gomez, Republican candidate for U.S. Senate in the Massachusetts open seat special election, greets supporters, Monday, June 24, 2013, at the Four Square restaurant in Braintree, Mass. Gomez faces Democrat Rep. Ed Markey in Tuesday's election. (AP Photo/Josh Reynolds)

Massachusetts Senate Democratic candidate Ed Markey, right, meets and greets grassroots volunteers and supporters at the Pickle Barrel Restaurant & Deli, in Worcester, Mass., Monday, June 24, 2013. Markey and Republican Gabriel Gomez made appeals to voters Monday in the final hours before Massachusetts' special election for the U.S. Senate, where turnout is expected to be light, a contrast to the high-profile special election in the state three years ago. (AP Photo/Worcester Telegram & Gazette, John Ferrarone)

BOSTON (AP) ? Massachusetts voters are heading to the polls to pick a new U.S. senator.

Democratic U.S. Rep. Edward Markey and Republican Gabriel Gomez scrambled to energize supporters and mobilize get-out-the-vote efforts in the hours leading up to Tuesday's special election to succeed John Kerry in the U.S. Senate.

Both candidates made a series of campaign stops Monday, culminating with election eve rallies while their campaigns cranked up their all-important ground games designed to get as many of their voters to the polls as possible on a day when statewide turnout was expected to be light.

Gomez was scheduled to vote early Tuesday in his hometown of Cohasset, with Markey casting his ballot later in the morning in Malden.

Markey, 66, has led in the polls, but said he's taking nothing for granted.

"There is no overconfidence in this entire operation," Markey told reporters after an evening rally Monday in Malden.

The longtime Democratic member of the Massachusetts U.S. House delegation explained that his campaign has called or rang the doorbells of 3 million prospective voters in the last four days.

"That's the sign of an organization working hard right up to the finish line," he added.

Gomez, 47, is a political newcomer and former Navy SEAL who worked for a Boston-based private equity firm before jumping into the race.

Gomez was also urging his supporters to get themselves to the polls and to remind their friends and family members to vote, too.

"Tell your friends. Tell your friends to tell their friends they need to vote," Gomez said at a rally in Quincy with former GOP U.S. Sen. Scott Brown on Monday evening.

"They think there's going to be a low turnout. There may be a low turnout on their side. That's fine with me. But I know our side and it's a broad side," he added.

Massachusetts state Secretary William Galvin said Monday that he expected a lackluster turnout on Tuesday, with no more than 1.6 million of the state's 4.3 million registered voters to cast ballots in the special election, well below the 2.2 million who voted in a 2010 special election, won by Brown, to succeed the late Sen. Edward Kennedy.

Based on a number of factors, including absentee ballots and the relatively few inquiries to his office about the election, the current race was not matching the intensity of the 2010 election, Galvin said.

Markey has held a fundraising advantage throughout the campaign, having spent more $8.6 million on the race through the end of the last reporting period on June 5, compared to $2.3 million by Gomez, according to Federal Election Commission records.

Also on the ballot Tuesday is Richard Heos, who is affiliated with the Twelve Visions Party.

Temperatures are predicted to climb into the 90's again Tuesday.

Polls are open 7 a.m. to 8 p.m.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-06-25-Massachusetts%20Senate/id-c13042e5e5f14c78b3a0c86f51b1138f

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Pakistan to start treason probe of Musharraf

ISLAMABAD (AP) ? Pakistan's prime minister ordered officials Wednesday to begin a treason investigation into ex-military ruler Pervez Musharraf, bringing the government closer to putting the former army chief on trial.

The case sets up a possible clash between the government and Pakistan's powerful army, a worrisome prospect in a country that has a history of military coups. Musharraf could face life in prison or the death penalty if he is charged and convicted of treason.

The government told the Supreme Court on Monday that Musharraf, who seized power in a military coup in 1999, should be put on trial for allegedly committing treason while in office. The government specifically cited his decision to declare a state of emergency and suspend the constitution in 2007.

The Supreme Court ordered the government to notify the judges by Wednesday of the steps it would take to try Musharraf and scheduled a hearing for the following day to hear the government's response.

Prime Minister Nawaz Sharif said Wednesday in a written reply to the court that the government would constitute a special team to investigate Musharraf for treason under Article 6 of the constitution. Following the completion of the investigation, the government will file the "requisite complaint" against Musharraf and constitute the special court required to try him for treason.

Imaur Rehman, a lawyer who has been critical of Musharraf, described the government's decision to open an investigation as a "bold step."

"Today's government decision should be seen as the first serious step toward holding Musharraf's trial on treason charges," said Rehman.

But another lawyer, Ghulam Nabi, cautioned that the government could use the investigation as a way to delay the case and avoid a confrontation with the army, which is considered the strongest institution in the country.

"I think the investigation officer, who will be appointed by the government, will take months to complete his work, and we don't know whether the officer would come up with enough evidence required to punish Musharraf," said Nabi.

Sadiqul Farooq, a spokesman for the ruling Pakistan Muslim League-N party, said the government was determined to put Musharraf on trial for treason.

"No one should have any doubt in his or her mind about the intention of the government in putting Musharraf on trial for treason under Article 6 of the constitution," said Farooq. "The prime minister believes in the rule of law, and he thinks no one is above the law."

The case is personal for Sharif since he was serving as prime minister in 1999 when Musharraf carried out his coup. Musharraf ruled for nearly a decade but was forced to step down in 2008 because of growing public discontent. He spent years in exile before returning to the country in March.

The case is also personal for many judges and lawyers throughout Pakistan. Musharraf sacked the chief justice of the Supreme Court and other senior judges when he declared a state of emergency in 2007. He was forced to step down after lawyers across the country launched a protest movement against his actions.

Musharraf returned to Pakistan to run in the national election held in May but was disqualified from participating in the vote because of his actions while in office. He has spent most of his time battling legal cases and is currently under house arrest on the outskirts of Islamabad because of a separate case against him.

Musharraf can only be tried for treason if the federal government files charges against him. The caretaker government that ruled the country in the run-up to the May elections declined to bring charges, saying it was outside their mandate.

Many analysts speculated that Musharraf would be allowed to leave before the Sharif government took power earlier this month to avoid a confrontation with the army, but that didn't happen.

The army advised Musharraf not to return to the country because it was also worried about a confrontation, but the former military ruler ignored the advice. Even though the army was against his return, many analysts doubt the generals would be willing to let Musharraf be convicted for treason and could intervene to prevent it from happening.

Musharraf would be the first army chief put on trial for treason in a country that has experienced three military coups in its nearly 66-year history.

Analysts have speculated that a treason case against Musharraf could also ensnare many other officials who were in power when he declared a state of emergency in 2007.

Also Wednesday, a bomb targeting a senior judge in the southern city of Karachi wounded him and killed seven members of the security forces, said Sharjeel Memon, information minister for southern Sindh province. The explosion also wounded 15 people, he said.

Pakistani Taliban spokesman Ahsanullah Ahsan claimed responsibility for the attack on the judge, Maqbool Baqir, saying he was taking decisions against the militants and Islamic law.

Associated Press writers Ishtiaq Mahsud in Dera Ismail Khan, Pakistan, and Adil Jawad in Karachi contributed to this report.

Source: http://news.yahoo.com/pakistan-start-treason-probe-musharraf-135436803.html

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Monday, June 24, 2013

New Samsung tablets mimic Galaxy phones

NEW YORK (AP) ? Samsung is making its tablet computers look more like its hit Galaxy phones in the hope that the success of the smartphones can boost tablet sales.

Samsung Electronics Co., the second-largest maker of tablets after Apple, is putting three new tablets in the Galaxy Tab 3 series on sale in the U.S. on July 7. The cheapest, $199 device will have a screen that measures 7 inches diagonally. An 8-inch model will go for $299 and a 10-inch one for $399.

"Our goal is to attract Galaxy smartphone users, and to make it the ultimate smartphone accessory," said Shoneel Kolhatkar, director of product planning at Samsung Mobile.

The "Tab" line is Samsung's value brand, undercutting the price of similar Apple models. Samsung's premium tablets are in the "Note" line, which include styluses.

The new tablets have the same three buttons on the front as the Galaxy smartphones. Last year's Tab 2 had no physical buttons on the front, as encouraged by Google, which supplies the Android software.

The 10-inch model is the first Android-powered Samsung tablet to use an Intel processor. That's a significant win for the Santa Clara, Calif., chipmaker, which has been trying to break into the market for cellphone and tablet chips now that PC sales are slumping. Other smartphones and tablets run chips made by a variety of companies, all based on designs from ARM Holdings PLC, a British company.

Samsung had 18 percent of the global tablet market in the first quarter this year, according to research firm IDC. Apple had 40 percent. In smartphones, the figures are nearly reversed, with Samsung dominating, largely because of its Galaxy line. Apple came in second with a 17 percent market share for the iPhone.

Even though the tablets have bigger screens than Samsung's flagship Galaxy S4 smartphone, their screen resolution is lower. The 10-inch tablet has a resolution of 1280 by 800 pixels, compared with 1920 by 1080 for the phone. The smartphone packs in three times more detail in a square inch than the tablet does. Competitors Google and Apple have similarly-sized tablets with higher-resolution screens.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-06-24-US-TEC-Samsung-Tablets/id-3b3211a715074aa7b4cce80afc820e1e

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Sunday, June 23, 2013

'Project Runway' season 12 changes: more Tim Gunn, added Fan Interaction

By Tim Kenneally

LOS ANGELES (TheWrap.com) - Tim Gunn is going to have more time - and power - to make it work on the upcoming season of "Project Runway."

The Lifetime reality show has tinkered with its format for its 12th season, which premieres July 18. More screen time for the longstanding "Runway" mentor Gunn is part of the new formula.

Gunn will join the judges -- Heidi Klum, Nina Garcia and Zac Posen - during the runway show to answer questions that the judges have about what occurred in the workroom and give them the opportunity to physically examine the craftsmanship of each design.

Gunn's expanded role will also include the power to "rescue" one designer if he feels the contestant deserves a second chance.

A new feature dubbed Runway Redemption will allow fans to vote online for a past contestant to return, while the Project Runway Superfan Contest will choose seven fans via video submission to appear on "Project Runway" for a fashion makeover.

Also for the first time, fans will be able to interact with other viewers in real time during the episodes via a new interactive onscreen feature dubbed PlayRunway.

Guest judges for the upcoming season include Kate Bosworth, "Big Bang Theory" star Kaley Cuoco, Kelly Osbourne and Sigourney Weaver.

Source: http://news.yahoo.com/project-runway-season-12-changes-more-tim-gunn-004707344.html

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Windows 8 Music update brings in-app searching, login-free trial ...

Music on Windows 8 update brings in-app searching, login-free trial listening

Windows 8 has built-in search tools for apps, but a tweak in the June update to Xbox Music is making that feature more accessible. The media player now lets you search for songs on both your PC and Xbox Music through an in-app button. If you don't have any local tunes, you won't have to sign in to start listening -- Music now lets you stream 15 tracks through Xbox Music's ad-supported free tier without using an account. While other bug fixes and UI enhancements are minor in nature, what's here is enough to justify a trip to the Windows Store for the new version.

Source: http://www.engadget.com/2013/06/22/windows-8-music-update-brings-in-app-searching/

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Thursday, June 20, 2013

3 reasons not to panic about the market _ yet

NEW YORK (AP) ? Stocks dropping across the globe. Six weeks of gains wiped out in the U.S. The biggest drop in the Dow Jones industrial average in 1 ? years.

It's easy to give into panic and sell along with everyone else. But there is a good case for staying calm.

Three reasons you may want to hold on to your stocks:

? STRONGER ECONOMY: Nothing kills a stock rally like a recession. Four of the five previous bull markets ended as investors sold during a recession, or anticipated one.

Are we anywhere near a recession now? Quite the opposite. The economic recovery seems to be gaining traction.

Americans spent more at stores in May, despite higher payroll taxes. Sales of previously occupied homes last month topped five million at an annual rate for the first time in 3? years.

Better yet, the jobs picture is brightening. Since October, employers have added an average of 196,500 jobs a month, up from 157,000 a month in the previous eight months. And unemployment, still relatively high at 7.6 percent, looks likely to head down. The Fed said Wednesday that it could fall as low as 7.2 percent this year, then down to 6.5 percent next year.

One warning: Recessions are difficult to predict, so anything is possible.

? STOCKS SEEM REASONABLY VALUED: Major U.S. stock indexes have dropped more than 2 percent this month even though corporate profits are at a record high.

All else being equal, investors who buy now could be getting stocks at a good price.

One way to value stocks is to look at their price-earnings ratio. To calculate a P/E, you divide the price of a stock by its annual earnings per share. A company that earns $4 a share and has a $60 stock has a P/E of 15, for instance. The lower the P/E, the cheaper the stock.

The Standard & Poor's 500 index is trading at 16.1 times earnings per share over the past 12 months, according to S&P Dow Jones Indices, which oversees the index. The average since World War II is 17.5. Translation: Stocks are slightly cheaper than the long-term average now.

To be sure, there are other ways to value stocks, and not all are as encouraging.

Still, it's clear that stocks are not wildly overpriced. And if you believe the economic recovery will continue, earnings are likely to grow, too.

? CASH APLENTY: Don't be surprised if companies launch yet another round of stock buybacks, which could lift stock prices. Fewer shares outstanding means higher earnings per share.

The impact of stock buybacks on the market the past four years has been big.

Nearly every other large player in the stock market ? insurers, brokerages, state and local governments, pension funds ? has been selling. And yet stocks have more doubled from their recession lows. A big reason is that U.S. companies, not counting financial firms, have bought more than $1 trillion of their own stock in the five years through 2012, according to the Federal Reserve.

Depending on your point of view, the outsize role of buybacks is either good or bad.

Skeptics say buybacks show companies don't have anything better to do with their money, a bad sign for future profits. Stock bulls say it shows that the people who know their companies better than anyone else ? corporate executives ? think their stocks are a bargain, and so should you.

Whoever is right, buybacks are likely to continue because companies have plenty of firepower. Companies in the S&P 500 have $1 trillion of cash, according to S&P Dow Jones. The cash hoard has never been higher.

Source: http://news.yahoo.com/3-reasons-not-panic-market-yet-004317521.html

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