Source: http://think-left.org/2013/07/14/functional-finance-and-a-responsible-economy/
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Sunday, July 14, 2013
Functional Finance and a Responsible Economy | Think Left
[unable to retrieve full-text content]?The central idea [of functional finance] is that government fiscal policy, its spending and taxing, its borrowing and repayment of loans, its issue of new money and its withdrawal of money, shall all be undertaken with an eye ...
EXCLUSIVE Puppeteer Interview with Gavin Moore from Japan Studio
Puppeteer was announced to the world at Gamescom last year, and I recently had the chance to play it, and talk with it?s Creative Director, Gavin Moore.
Puppeteer is a brand new franchise developed exclusively for PlayStation 3 by SCE Japan Studio. Set in a magical puppeteer?s theatre, the game will introduce you to a strange and fantastic world, where the environment is constantly changing. Players will enjoy a rich, dark fairy-tale where surprises lurk around every corner.
One dark moonlit night, a young boy named Kutaro was carried away by the maleficent Moon Bear King to a black castle where the unlucky lad was transformed into a puppet.
Kutaro displeased the terrible tyrant, who devoured the boy?s wooden head and cast away his body.
But the headless hero was not alone, for he had discovered a very special pair of scissors to help him on his harrowing adventure to find his head, and his way home.
Gavin Moore is a Creative Director for Sony Computer Entertainments Japan Studio.
He has spent 20 years honing his craft in video games. Prior to joining Sony, Gavin cut his teeth as a pixel artist and animator at Mindscape, working on classic games machines such as the Amiga, SNES, Megadrive and original Gameboy. He joined SCEE in 1998, where he worked on the hugely successful The Getaway, which sold over 4 million units worldwide. Gavin currently lives and works in Japan, where he has spent the last 9 years immersing himself in Japanese culture and video game creation.
So over to Gavin:
Thank you to Gavin for taking the time to not only talk to me about Puppeteer, but also playing the game with me, which was a lot of fun.
I really enjoyed my time playing Puppeteer, so stay tuned for a preview soon.
Puppeteer will be released on the 11th September 2013 here in the UK and on the 10th September in North America.
What do you think of Puppeteer? Let us know by leaving a comment below.
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Watch LA Galaxy face Portland Timbers
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Source: http://mlsstream.nbcsports.com/
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Fulham sale adds to the alarming US takeover of English football
Shahid Khan, the owner of the Jacksonville Jaguars NFL franchise, has bought Fulham for a reported ?200m. Photograph: Sam Greenwood/Getty Images
Shahid Khan is perennially described as the living embodiment of the classic American dream, having landed in the country from Lahore at 16 to go to college and made himself, via the design of a truck bumper, a flamboyantly moustachioed billionaire. Mohamed Al Fayed said it when announcing his sale of charming Fulham football club to Khan, adding: "I met him twice prior to our successful transaction and have been very favourably impressed."
The statement from Khan, owner of the Jacksonville Jaguars NFL franchise, utilised the traditional language of English football club owners during the game's growth in the 20th century, promising: "I do not view myself so much as the owner of Fulham but a custodian of the club on behalf of its fans."
Quite what that actually means on the day he is becoming the club's owner is not explained. Nor did the man who has built a fortune from scratch in an arena as tough as the US automotive industry offer a clear explanation of why he is buying Fulham, for a reported ?200m. "Fulham is the perfect club at the perfect time for me" was all his statement said.
In such blandishments Khan has common ground with the other American owners of now six Premier League clubs ? almost a third of England's top league. Football, loved around the world, is here, in the land where it began 150 years ago, selling some of its most "storied" clubs to billionaires from the US, just about the only country which has never been entranced by the game.
As they have arrived, to own Manchester United, Liverpool, Arsenal, Aston Villa, Sunderland and now Fulham, these shrewd and calculating billionaires have rarely convincingly explained what is driving this gradual US takeover of our soccer. Khan at least avoided making a claim like that of Joel Glazer, when he bought Manchester United with his five siblings and ?525m of debt in 2005, that he was an "avid" fan of the club. Stan Kroenke, another NFL franchise holder who has steadily bought a controlling stake in Arsenal, has never said much about his motivation, beyond praising the club.
John Henry and Tom Werner of the Fenway Sports Group were more forthcoming, telling the Guardian that they knew almost nothing about football before they bought one of the game's legendary names, Liverpool, in 2010. Henry and Werner acknowledged they were greatly attracted by the huge money the Premier League makes selling its matches to payTV, here and overseas. There has been little from the MBNA credit card scion Randy Lerner and the private equity financier Ellis Short to suggest their purchases of historic Aston Villa and Sunderland respectively did not similarly have an eye on the money.
All are smart enough to acknowledge football's and their new club's heritage, as Khan did in his statement, and they are competent and successful business people, although from a different culture in which US sport has always talked of "owners". Here the word has crept in only recently, supplanting years in which the senior man at a football club was referred to as the chairman, whether he owned a majority of shares or not. We never really thought of football clubs being "owned", certainly not to make money. And this wholesale change has arrived with precious little debate about its implications.
Forbes, the magazine for the US rich, had a go at assessing Khan's plan, pondering how many "cross synergies" the American can "bank on" between the Jaguars and the Cottagers. It could make "strategic sense", Forbes said, as Khan is already trying to "leverage the overseas market" by bringing the Jaguars to Wembley for matches.
This is becoming a critical group now, six clubs of 20, takeovers never planned, barely explained. At the same time more football people are outspokenly lamenting the imbalance between the clubs as global investments and the weakness of the England team, representing a sport still organised country by country. The long-term implications of overseas, predominantly US, mostly financially acquisitive ownership have not been considered; the clubs have just been sold, one by one. The Premier League will see this deal as another handshake of approval, a sign of success. But no other European country is selling its football clubs like this. Germany, which brought two clubs to the Champions League final and played at Wembley to honour the birth of the game in England 150 years ago, scoffs and says it would never countenance it.
Source: http://www.guardian.co.uk/football/blog/2013/jul/12/fulham-us-takeover-english-football
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Ryan Newman to leave Stewart-Haas Racing - NASCAR News | FOX Sports on MSN
Updated?Jul 12, 2013 4:53 PM ET
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LOUDON, N.H.
Ryan Newman will bid farewell to Stewart-Haas Racing at the end of 2013.
As part of the Kevin Harvick move to SHR, team owner Tony Stewart confirmed Friday that Newman will not be involved with the organization next season. At this time, Stewart doesn?t believe it?s in the company?s best interest to field more than three cars. Along with Stewart, Danica Patrick joined SHR last season.
?I truly wish we were able to facilitate four teams at this time,? Stewart said. ?We?re just not able to do that. Down the road, I?m sure if that becomes a possibility, he will definitely be on the list to fill the fourth seat again.?
Newman, 35, has been part of SHR since the company?s inception in 2009 and is 16th in this season?s points standings. Newman started his NASCAR career in 2000 with Penske Racing and has 16 career Sprint Cup wins ? including three since joining SHR. He ranks third among active drivers for most pole awards with 49.
Newman isn?t sure what the ideal situation would be for him next season. Although he?s spent this season putting together a solid audition, Newman realizes he has some ?homework to do? to figure out what seats might be available and best suited for him.
?To me, I first and foremost want to be wanted for my ability,? Newman said. ?Ability behind the wheel as well as what I can do for the sponsors. That is the most important part. It?s not easy out there with the economy and what it takes to run one of these race teams financially. It?s not easy. Sponsorship is not at its peak in NASCAR.
?There are a lot of things to be considered, but I was sincere when I said I want to be someplace where I?m wanted. I want to be wanted for my abilities and the desires that we have as common goals to win a championship. Every driver out there wants to win a championship. Every driver out there wants to win races. It?s the desire that you have to fight through all the things I think that make and separate the men from the boys, I guess you could say.?
Newman has been mentioned as a possible 2014 candidate for Richard Childress Racing or Furniture Row Racing should Kurt Busch opt to drive for Richard Childress. Another scenario might include the team currently known as Phoenix Racing, as potential buyer Harry Scott purchases James Finch's operation and adds a second team.
Although Newman?s contract with SHR ended last season, he earned a one-year reprieve as the organization ramped up for Harvick?s arrival next year.
Still, Stewart says he?ll continue to support Newman and believes in the driver of the No. 39 Chevy.
?Unfortunately, this will be the last year that we have Ryan with us,? Stewart said Friday. ?That?s probably what?s made this a bittersweet day. I?m bringing in one of my friends to the organization knowing that I?m losing a friend at the end of the year.
?The number one thing when Ryan and I spoke was our friendship will not change. This was a business decision that was Gene?s (Haas) as well as mine. It was a hard decision. There?s a personal side, and there?s a business side, and for Ryan and I, we had to put the personal bit aside to work through the business part of it. But I?ll do everything I can to help Ryan moving forward to help his effort to find another team next year.?
Source: http://msn.foxsports.com/nascar/story/ryan-newman-to-leave-stewart-haas-racing-tony-stewart-071213
China cancels $7.6 billion uranium project after protest
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Uranium processing plan scrapped after protest by hundreds in southern China
NEW YORK - US Airways shareholders have approved the carrier's plan to merge with AMR Corp's American Airlines, moving a step towards bringing the two companies closer to forming the largest carrier in the world. US Airways CEO Doug Parker announced the approval at the airline's annual meeting of stockholders of Friday. "The landscape has changed as other mergers have taken place,'' said ...
Heathrow temporarily closed as Boeing 787 catches fire
LONDON - An Ethiopian Airlines operated Boeing 787 Dreamliner caught fire Friday evening at Britain's Heathrow airport, forcing the closure of both runways for a short time, in a blow for the U.S. plane maker. There were no passengers aboard the plane, which was parked at a remote stand at the time of the incident. Nobody suffered any injuries, a Metropolitan Police spokesman ...
Ghana builds gold refinery
Ghana is building a 4-million-euro gold refinery at the premises of the Precious Minerals Marketing Company (PMMC) Limited, its Chief Executive Officer Reuben Darko Damptey said. The Osagyefo Gold Refinery Ltd, named after Ghana's first president, Osagyefo Kwame Nkrumah, is being undertaken by the state-run PMMC in collaboration with Geo Professionals Services Ltd, a Russian mining and ...
Suspected gunman arrested after 2 killed 1 injured at San Francisco shopping center
SAN FRANCISCO -- A bloodied gunman suspected of killing two women and seriously wounding a man at a shopping center in a crowded San Francisco neighborhood was arrested after opening fire on police officers, authorities said. Officers encountered the suspect Friday outside the San Francisco Giftcenter & Jewelrymart in the trendy South of Market area. At first they were not sure if the man, ...
Amar Bose Devotee of Sound Dies
Amar G. Bose, the visionary engineer, inventor and billionaire entrepreneur whose namesake company, the Bose Corporation, became synonymous with high-quality audio systems and speakers for home users, auditoriums and automobiles, died on Friday at his home in Wayland, Mass. He was 83. His death was confirmed by his son, Dr. Vanu G. Bose. As founder and chairman of the privately held company, Dr. ...
Uranium processing plan scrapped after protest by hundreds in southern China
BEIJING -- Local authorities in a southern Chinese city on Saturday scrapped a plan to build a uranium-processing plant, one day after hundreds of local residents protested against it because of safety worries. The city government of Heshan in Guangdong province said in an online statement that it would halt the 37 billion yuan ($6 billion) project, which would have built facilities for uranium ...
British Gas and Ecotricity simplify tariff charges
Two power companies have announced plans to make their tariffs simpler following the regulator's campaign to make the energy market easier to navigate.British Gas has started to simplify tariffs by replacing its current range of eight standing charges with just one."By the end of August, British Gas will have completed the rationalisation for all but one of its current products and ...
Welcome to the 0 mortgage
These days you can't move for 0% introductory offers on credit cards - but now you can get an initial interest rate of 0% on your mortgage. An eye-catching new deal launched this week offers much lower payments during the first few months, resulting in a "saving" of as much as 4,000 or more - money the customer might want to use for home improvements, to buy furniture and so ...
Blindness is just one more barrier to jump for palomino and her teen rider
LAFAYETTE, Wis. -- Victoria Czech eased onto the back of her 27-year-old palomino quarter horse, Skip, and took him for a ride around a 2-acre pen at her home, preparing the animal for its upcoming performance in the junior horse show at the Northern Wisconsin State Fair. Victoria, 13, gave Skip a variety of voice commands, and used her legs and a rope to guide him. Skip needs the help, ...
In Litchfield one of Minn.s growing numbers of small farms builds from ground up
LITCHFIELD, Minn. -- The peas are ripening at Prairie Drifter Farm and ready for Joan and Nick Olson to pluck off the vine and offer to visitors. The taste is fresh, crisp and sweet. Under the July sun, vegetables are bursting forth on the 33-acre organic farm south of Litchfield. The Olsons point to each row: Over here is kale, with broccoli and cabbage beyond. Over there is garlic, whose ...
Eliot Spitzer to Jay Leno Wall Street Rooting Against Me
Eliot Spitzer Re-Entering Politics Following TV Career Spitzer appeared on Leno's show in California less than 24 hours after a four-day flurry of canvassing for 3,750 valid petitions to run for city comptroller - submitting over 27,000 petitions to the city Board of Elections late Thursday night ahead of a midnight deadline. And Leno, who has poked at Spitzer's reentrance to New York ...
Microsoft conspires with the NSA in spying on its users
Newly released documents reveal the depth of collaboration between Microsoft and the National Security Agency in collecting data from the company's users, including communications and documents sent or accessed over Outlook.com, SkyDrive and Skype. They also show that Microsoft worked with the NSA to break the company's own encryption, ensuring the fullest possible access for the ...
Small hedgie bests the rest
June was a tough month for most hedge funds - but not for one small manager who foresaw the commodities rout.Anuraag Shah?s Tusker Investment Fund, a $105 million commodities fund based in Chicago, gained a whopping 15.6 percent last month, compared with a loss of 2.75 percent for the Absolute Return Commodities Index. The entire hedge-fund universe fell 0.78 percent. Industry insiders ...
Icahn delivers adds perk to his Dell offer
Billionaire investor Carl Icahn is offering shareholders a chance to own a bigger stake in Dell, seeking to force Michael Dell to sweeten his $24.4 billion buyout offer for the personal-computer maker.Icahn, who holds 8.7 percent of Dell, is adding a warrant to his $14 per-share offer that holders could exchange for additional stock, he said in a letter Friday. The value to shareholders would be ...
Israeli fighter jets and Saudi missiles
Earlier this month, a report by Reuters on the state of Israeli air defenses flew under the radar. The story noted that an F-16 on a training mission crashed into the Mediterranean due to ...
Microsoft reboots with wide-ranging business remodel
CEO Steve Ballmer is restructuring the company to cope with a quickening pace of technological change that has left the world's largest software maker a step behind its two biggest rivals, Apple and Google. In an effort to catch up, Microsoft is dismantling a management structure that separated the company into sometimes disjointed divisions and hatching a more cohesive product line-up. The ...
Asian shares mixed after profit-taking record Wall St close
HONG KONG--Asian markets were mixed on Friday, with a record-breaking close on Wall Street offset by profit-taking after the previous day's broad ...
Contracts court rulings hamstring workers
Emboldened by a series of U.S. Supreme Court decisions and an employers' job market, many companies are starting to require workers to sign away their rights in return for a job. It is a trend that experts worry could further wear away employees' power in the workplace. The contracts make it harder for employees to join class-action lawsuits, take their employers to court, or leave to ...
Awash in Lake effect
JPMorgan CFO Marianne Lake is sounding more like a CEO-in-waiting. The 44-year-old exec is garnering kudos from her boss, Jamie Dimon, who praised her performance following the bank?s second-quarter earnings call with analysts. Typically, Dimon leads JPMorgan?s question-and-answer sessions with analysts, overshadowing his beancounters. But yesterday, he let Lake, who was promoted ...
Judge No Steinberg bias seen
The judge overseeing Michael Steinberg?s insider trading trial said he?s not inclined to give the SAC Capital trader special treatment tied to the "media storm" surrounding the high-profile case. Steinberg?s lawyer had asked Manhattan federal Judge Richard Sullivan to give potential jurors a questionnaire to screen for bias as a result of the media coverage stemming ...
B?Berry losin? ZZs over Z10
Best Buy has cut the price of BlackBerry?s Z10 smartphone to $49.99 with a service contract, two weeks after the Canadian smartphone maker reported lackluster sales of the flagship touch-screen model. The Z10 is available at that price with a two-year contract from Verizon or AT&T. The device originally went on sale in the US in March at $199.99, on a par with Apple?s iPhone. ...
Falcone Ergen set for claw-off
Billionaire investor Phil Falcone and satellite guru Charlie Ergen will finally come face to face in their battle over LightSquared. The two will square off in court this week for the first time since it became clear that Ergen is trying to wrest control of the bankrupt wireless provider from founder Falcone. A Manhattan federal bankruptcy judge will hold a hearing on Wednesday tied to ...
Source: http://www.tajikistannews.net/index.php/sid/215805347/scat/3a8a80d6f705f8cc
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