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Tuesday, June 5, 2012

Report: Romney vows to dump federal stake in GM quickly

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With a multi-volume list of issues that a presidential hopeful could discuss, we aren't sure why Mitt Romney keeps circling back to the auto industry bailouts, but here we are again. He's lately swinging his stick at the U.S. Treasury Department for not having sold its 26.5-percent stake in General Motors, accusing it of holding back on the stock sale to avoid having to report a multi-billion dollar loss before the election.

At GM's current stock price, the government would lose about $16 billion by sellings its 500 million shares, a number that hasn't much changed from several months ago. Romney said the government has "no reason" for not selling, and a report of his interview with The Detroit News says that "he'd sell the stock quickly if he wins the White House." A Treasury spokesman responded with "We have to balance maximizing recovery for the taxpayers with the speed of exit."

On top of that, Romney said that if he becomes POTUS, he would take another look at Corporate Average Fuel Economy standards, believing that "The best approach is to try and build vehicles that people want, rather than having the government telling the companies what they must make." It's a line we've heard (and even uttered) often, but the nexus of government regulations, consumer desires, viable business models and long-term industry concerns is a moving target shifty enough to confuse quantum physicists.

Either way, it's clearly fair to expect more jabs from Romney at President Obama and the auto bailout as the campaign season grinds toward election day.

Romney vows to dump federal stake in GM quickly originally appeared on Autoblog on Tue, 05 Jun 2012 11:32:00 EST. Please see our terms for use of feeds.

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Source: http://www.autoblog.com/2012/06/05/romney-vows-to-dump-federal-stake-in-gm-quickly/

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HTC announces fix for Android Wi-Fi security flaw

HTC announced a fix for a vulnerability that lets hackers view and access Wi-Fi security information on nine of its Android phones. The fix is available via an automatic software upgrade, though some users will have to update manually....

Source: http://www.linuxfordevices.com/c/a/News/HTC-fixes-WiFi-vulnerability-on-nine-phones/?kc=rss

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Swivel ProFolio Case for the Kindle Fire Keeps Your eReader in Hand or Hands-Free

The Swivel ProFolio case for the Kindle Fire eBook reader from Us+U is a case that will transform itself to fit your various usage styles. A�self-adjusting hand strap makes sure you can keep a firm grip as you read your favorite books. When you’re ready for some entertainment, a built in�pivot gives you 360 degrees [...]

Source: http://the-gadgeteer.com/2012/06/02/swivel-profolio-case-for-the-kindle-fire-keeps-your-ereader-in-hand-or-hands-free/

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Red Bull plays down floor ruling

Red Bull motorsport chief Helmut Marko does not think the FIA's ruling over Formula 1 floor regulations will handicap Red Bull Racing at all in the Canadian Grand Prix. The reigning champion team will have to modify holes in its RB8's floor following a clarification issued by the FIA this week. Several of Red Bull's rivals had considered protesting its design during the Monaco GP weekend, which saw RBR's Mark Webber take the team's second victory of 2012

Source: http://www.iracing.com/inracingnews/formula-one-news/f1-formula-one-news/red-bull-plays-down-floor-ruling

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Monday, June 4, 2012

Cain Velasquez TKOs Antonio Silva in a bloody UFC 146 battle (PHOTO)

Cain Velasquez wanted to make a statement in his first fight back after losing the UFC heavyweight belt to Junior dos Santos. He did that with a bloody, first-round TKO of Antonio "Big Foot" Silva.

Velasquez caught a Silva kick and took him down right off the bell. From there, Velasquez pounded away at Silva's face, opening a massive cut on Silva's nose. The cut gushed a ton of blood, more than is usually seen during a fight. It covered Silva's face and body, coated Velasquez's arms, and gathered in a pool next to them.The bout was stopped for a doctor to check the cut.

[Kevin Iole: Junior dos Santos rocks Frank Mir at UFC 146]

Silva tried to shake the blood off as the doctor looked at the cut. After the fight was allowed to continue, Velasquez kept throwing bombs at Silva's head until the bout was stopped at 3:36 in the first round.

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Source: http://sports.yahoo.com/blogs/mma-cagewriter/cain-velasquez-tkos-antonio-silva-bloody-ufc-146-034956588.html

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Dell reaches for the cloud with new prototype ARM server

Dell on Tuesday announced a prototype low-power server with ARM processors, following a growing demand by Web companies for custom-built servers that can scale performance while reducing financial overhead on data centers.

The proof-of-concept server is code-named Copper and is the first one from Dell that is based on the ARM processor. Dell will not sell the server, but will install prototypes at specific locations so customers can kick the tires around ARM, whose processor designs are found in most smartphones and tablets today.

Source: http://www.infoworld.com/d/computer-hardware/dell-reaches-the-cloud-new-prototype-arm-server-194307?source=rss_computer_hardware

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Iannone takes first win of 2012

Andrea Iannone claimed his first Moto2 victory of the year with an excellent ride under heavy pressure at Catalunya, while Marc Marquez and erstwhile championship leader Pol Espargaro clashed in controversial manner three laps from the end. Marquez and Espargaro had been two of the primary reasons Iannone could not be assured of victory despite leading for the majority of the race. Along with Thomas Luthi, the lead quartet was rarely separated by more than six tenths of a second

Source: http://www.iracing.com/inracingnews/real-world-racing/3rdparty/iannone-takes-first-win-of-2012

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