Tuesday, January 31, 2012

Analysis: Fed-watching gives Asian central banks cause to pause (Reuters)

SINGAPORE (Reuters) ? Asia's central bankers have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer.

Indonesia, Thailand, Australia and the Philippines have all cut interest rates at least once in the past three months to try to shore up economic growth, and many economists predict more easing to come this year from India and South Korea.

But as the U.S. central bank extends the horizon for its first rate hike, it changes the Asian equation. Instead of lowering interest rates, which may have unintended consequences when the Fed is on hyper-extended hold, it may make more sense for some economies to tinker with currency exchange rates.

Forecasts released last week from Fed officials show that it will probably be late 2014 before rates rise from the current level near zero -- considerably longer than the mid-2013 low-rate pledge the central bank had made back in November.

That could provide a "policy breather" for emerging markets if it helps sustain U.S. growth, which is essential to export-sensitive Asia, Philippines central bank Governor Amando Tetangco said on Thursday.

However, the Fed's forecasts are conditional. If the U.S. economy strengthens more than expected or inflation threatens to build, the Fed is under no obligation to stick to a late 2014 timetable for tightening.

"There is still much confusion over what the Fed did or didn't do," said Thomas Lam, chief economist at OSK-DMG in Singapore. "That's going to add another layer of complexity for Asian policymakers."

Asia's central bankers typically set interest rates with an eye on currency values because so many of the region's economies are driven by exports. An ultra-easy Fed probably means a weaker dollar, which eats into Asia's export price advantage.

That is why Lam expects Asian officials to rely on currency market intervention more than interest rate cuts to try to bolster economic growth. In Singapore, where exports are larger than the city-state's entire annual output, the exchange rate is the primary policy tool.

"There's never a disconnect between interest and exchange rates, particularly in Asia," he said. "Most of the Asian economies are export-driven, so even though they have an interest rate policy, exchange rates always play a key role in their decision making."

OUT OF SYNC

When the Fed embarked on its aggressive easing campaign, which eventually took rates to near-zero in December 2008, the global financial crisis was raging and the rest of the world was cutting rates as well.

But the world is not really in sync now.

Economies such as Hong Kong, China and Singapore effectively cede some control over monetary policy to Washington because they tightly manage their currencies against the U.S. dollar, which can cause headaches when growth rates diverge.

The Fed's easy-money policy can weaken the dollar, putting a drag on Asia's dollar-linked currencies and driving up imported inflation. Hong Kong, Singapore and China are already grappling with inflation rates running above policymakers' comfort levels.

Even those countries that keep a looser grip on foreign exchange rates must be mindful of Fed policy when setting their own interest rates. Cut too far and the gap between the two rates narrows, making it less attractive for foreign investors; hike too much and it could draw an onslaught of speculative money that drives up inflation.

Rahul Bajoria, an economist with Barclays Capital in Singapore, said emerging Asia's rate-cutting cycle was "pretty much done" for now, with the exception of India where domestic growth and inflation are both slowing sharply.

FOLLOW THE MONEY

The Fed also said it was ready to provide more economic stimulus should growth falter, which economists took to mean it would probably buy more government bonds or mortgage-related securities. It has already more than tripled its balance sheet to $2.9 trillion through two sets of bond purchase programs.

The second round of bond purchases, launched in 2010, provoked howls of protest from Asian officials, who blamed it for stoking inflation and sending uncontrollable waves of speculative money into emerging markets. But talk of a third batch has so far elicited few, if any, complaints.

Part of the reason is that Asia's own growth is slowing, unlike in 2010 when it came charging back from the global slump. In addition, some Asian economies such as India and China have been more worried lately about capital flowing out rather than in, and would welcome a little more foreign capital.

In the first four months of 2011, emerging market foreign exchange reserves shot up at a nearly 30 percent annualized pace, according to data from J.P. Morgan. But the pace tapered off in the second half of the year as investors shied away from riskier markets. China's official reserves recorded a rare decline in the final quarter of 2011.

But if the Fed's easy-money stance helps boost U.S. growth and Europe's debt troubles simmer down, Asia could soon be back to worrying about inflation instead of growth, and a wave of foreign money might once again be unwelcome.

"Given the point in the (economic) cycle we are at, I don't think they will be very concerned about capital flows, but six months down the line, the outlook could change once the worst is behind us," Barclays' Bajoria said.

"Policymaking has to be pretty nimble on both sides."

(Reporting by Emily Kaiser; Editing by Vinu Pilakkott)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20120130/bs_nm/us_asia_policy_fed

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Analysis: More than ever, businesses must think "what if" (Reuters)

DAVOS, Switzerland (Reuters) ? A tumultuous 12 months that saw revolutions in the Middle East, a worsening debt crisis in Europe and a tsunami in Japan has set the tone for corporate activity in 2012.

Caution, flexibility, nimbleness and deep knowledge of host countries are more important than ever, executives and their advisers said at the World Economic Forum's annual meeting.

Fear of a major geopolitical disruption over the next 12 months has risen to 54 percent, up from 36 percent last quarter, a WEF poll showed at the start of this week's meeting.

"You have to more than at any time in recent memory think in terms of 'what ifs,'" said Vasant Prabhu, chief financial officer of Starwood Hotels & Resorts Worldwide Inc (HOT.N).

"This is a world in which you have to think in terms of scenarios and alternate outcomes and what you would do."

Companies are closely looking at their counterparties - their vendors, suppliers and the banks that manage their cash to assess what would happen if they run into problems.

They are worrying about their currency exposure, with one U.S. company chairman in Davos privately saying he had started converting all of his company's cash in euros into dollars since the euro zone debt crisis suddenly deepened last year.

Other risk-averse moves include companies adjusting their supply chains to build flexibility into their business should a natural disaster cause a repeat of the huge disruption which followed the Japanese earthquake and tsunami last year.

And as they enter new markets and face more uncertainty in mature ones, they are putting more effort into understanding local politics and business practices. Some are using former spies to gather intelligence on trade partners.

Behind all this is a growing sense that increased uncertainty is the new reality of doing business. Financial considerations can no longer be the sole focus, advisers and executives said in interviews before and during the WEF in Davos.

"I think fundamentally there is an acknowledgement that this volatility that we are seeing is going to be here for the foreseeable future," PricewaterhouseCoopers Chairman Dennis Nally said.

"You can't predict the solution here in Europe. You can't predict what may happen in the Middle East. You can't predict what could happen in terms of the geopolitical issues in Asia, or certainly what's coming out of Washington," Nally said.

Companies feel an imperative to be better prepared.

"Our own view right now for 2012 is, 'Yes, there are some scenarios that could be bad but we think of them as low probability," Starwood's Prabhu said. "We think 2012 would be a year where the world muddles through."

FLIGHT TO QUALITY

For bankers one consequence is closer scrutiny of the financial health of their business by corporate treasury departments. Ratings downgrades of some banks have prompted corporate treasurers to analyze their relationships and think about switching banks or spreading the risk by hiring more.

"Increasingly, we are seeing clients take a holistic view of integrating strategic capital raising and risk and cash management in this unique time of uncertainty and volatility," said Jacques Brand, global co-head of Investment Banking Coverage and Advisory at Deutsche Bank (DBKGn.DE).

"As a result, clients are planning accordingly and we are seeing a flight to quality."

Indeed, several major banks have seen their deposits grow, in part because companies have moved their business away from weaker institutions. JPMorgan Chase & Co's (JPM.N) Treasury & Securities Services unit saw liability balances grow to $370 billion last year, an increase of more than $100 billion in one year, Mike Cavanagh, the division's chief executive said.

"Corporate clients that we talk to are very mindful that they have counterparty and currency risks, and prioritizing them more so than pre-crisis," Cavanagh said.

"To the extent a client has a portfolio of banks providing transaction banking services, they are becoming much more conscious of concentration risk," he added.

Bankers said they are also advising clients to look beyond their immediate trade partners, as what happens to the partners' counterparties could end up affecting their business as well.

"You have to think in terms of two or three degrees of separation. Your vendor, and your vendor's vendor -- when does that create a problem in your supply chain? Your banker and your banker's banker -- when does that create a problem in your financials?" said Samuel Di Piazza, vice chairman in Citigroup's (C.N) Institutional Clients Group.

"Finance departments have to deal with that this year," Piazza said. "Two years ago they didn't. Maybe in '08 they did, but in '10 we felt better about that. It's back on the agenda."

POLITICS OF BUSINESS

For many Western corporations, the euro zone crisis and the gridlock in Washington are also bringing home the fact that politics has an ever bigger role to play in business and markets.

"The euro zone crisis on the surface is a fiscal crisis or a debt crisis but it's going to be resolved as a political issue," said D.J. Peterson, director of Corporate Advisory Services practice at political risk research and consulting firm Eurasia Group.

Adding to the complexity is the need for companies to find growth in emerging markets, where traditionally the state has played a bigger role in the functioning of markets.

Boutique firms such as Eurasia Group, Oxford Analytica and others, which provide geopolitical advice and analysis, are seeing demand for their services grow rapidly in the last few years and are increasingly finding a role alongside traditional advisers such as investment bankers and lawyers in transactions.

Eurasia's Peterson said the group had been growing at about 20 percent a year. It employs scholars, former policy makers, former regulators and industry experts to gather intelligence and analyze geopolitical trends for clients.

Some, including Oxford Analytica, also use senior people with experience in diplomacy, intelligence and finance to put together advice for corporate clients.

Swiss insurer Zurich Financial Services (ZURN.VX) said 2011 had been a rough year for natural catastrophe losses but its business of insuring against political risk is booming.

"From sovereign debt to tsunamis, the universe of enterprise risk seems broader and more consequential than ever before," said Thomas Huerlimann, head of Zurich Global Corporate.

"You need to hedge your political risk to a greater degree than you had to do, certainly in the last 20 years," said Nader Mousavizadeh, chief executive of Oxford Analytica.

(Additional reporting by Emma Thomasson and Ben Hirschler; editing by Janet McBride)

Source: http://us.rd.yahoo.com/dailynews/rss/business/*http%3A//news.yahoo.com/s/nm/20120129/bs_nm/us_davos_risk

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Monday, January 30, 2012

[OOC] League of Villainous Rejects

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This forum is for OOC discussion about existing roleplays.

Please post all "Players Wanted" threads in the Roleplayers Wanted forum!

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Forum for completely Out of Character (OOC) discussion, based around whatever is happening In Character (IC). Discuss plans, storylines, and events; Recruit for your roleplaying game, or find a GM for your playergroup.
This is the auto-generated OOC topic for the roleplay "League of Villainous Rejects"

You may edit this first post as you see fit.

"A lie told often enough becomes the truth."
"Can a nation be free if it oppresses other nations? It cannot."
"Crime is a product of social excess."
"It is true that liberty is precious; so precious that it must be carefully rationed."
"Sometimes - history needs a push."
"The most important thing when ill is to never lose heart."
- Vladimir Lenin

User avatar
Barel
Member for 1 years



may I reserve one villain? I'm gotta go to school now so when I come back, I'll submit my char ^^

User avatar
blackwolf
Member for 1 years


Of course... Character reserved!

User avatar
Barel
Member for 1 years


Can I resurve a villain? I have to do some stuff, but I will most likely get it in by tomorrow.

User avatar
Tonks
Member for 0 years


Alright... Character Reserved!

User avatar
Barel
Member for 1 years



Post a reply

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Sunday, January 29, 2012

Michigan Voters Don't Favor Legalizing Marijuana (ContributorNetwork)

Michigan voters passed the Michigan Medical Marijuana Act in 2008 with nearly 63 percent of the vote. On the November ballot, Michigan voters might be asked to consider legalizing marijuana for general use. According to a recent poll, residents are far more cautious about that type of law, reports the Detroit Free Press. Here are details about the legalized marijuana petition drive and how residents are responding to it.

* The Committee for a Safer Michigan (Detroit News. Abel said in light of enforcement issues and confusion about its parameters, legalization advocates want to scrap the law. The repeal would make cultivation, manufacture and distribution of marijuana available for anyone over 21 years old who is not incarcerated. Driving or operating machinery under the influence of marijuana would be subject to the same laws as drunk driving.

* According to Michigan's Licensing and Regulatory Affairs office there are about 130,000 registered medical marijuana users. According to Repeal Today , the Michigan Medical Marijuana Program has only made matters worse for those who are suffering and need the drug. Marijuana restrictions haven't prevented children from accessing, have created expensive legal battles and have made it only accessible by drug cartels.

* The petition drive will need 322,609 signatures by July 9 to get it on the November ballot. Supporters say though no state has completely legalized marijuana, presidential candidate Ron Paul has introduced a bill that would allow states to make their own laws about it.

* A poll by EPIC-MRA of Lansing shows more conservative numbers of support, says the Detroit Free Press. 45 percent of respondents said they would favor legalizing pot and 50 percent were against it. The rest was undecided. 43 percent of voters younger than 40 supported decriminalizing marijuana; 55 percent of voters ages 50 to 55 favored it; among voters older than 65, 40 percent agreed.

* In all Michigan counties but Wayne, voters oppose legalizing marijuana.

Marilisa Kinney Sachteleben writes about people, places, events and issues in her home state of "Pure Michigan."

Source: http://us.rd.yahoo.com/dailynews/rss/meds/*http%3A//news.yahoo.com/s/ac/20120128/hl_ac/10885915_michigan_voters_dont_favor_legalizing_marijuana

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Former Italian president Scalfaro dies at 93 (AP)

ROME ? Oscar Luigi Scalfaro, a past president of Italy who helped write its post-war constitution and was a founding member of the former Christian Democrats, died Sunday in Rome. He was 93.

Italian President Giorgio Napolitano paid tribute to his predecessor as "a protagonist in the democratic political life" and called him an example of "moral integrity."

No cause of death was immediately reported.

Scalfaro held numerous prestigious posts before becoming Italy's ninth postwar president, a position that is largely ceremonial but carries the significant role of moral compass for the country.

As president from 1992-1999, Scalfaro was often called upon to resolve Italy's recurrent political crises, either choosing a new premier or calling early elections. He once called Italy's volatile political situation "pathological."

The National Magistrates Association remembered Scalfaro as a "strenuous defender of constitutional values and the autonomy and independence of the magistrates."

A devout Roman Catholic with a law degree from the Catholic University of Milan, Scalfaro spent the war years working to help imprisoned anti-Fascists and their families.

Then, in 1946, he won a seat in the assembly that wrote the constitution for the Italian Republic, declared in late 1947 after a popular referendum abolished the monarchy.

Scalfaro, a native of the northern city of Novara, was elected to the Chamber of Deputies in the republic's first general election in 1948 and remained a deputy until he was elected president in 1992.

He also was one of the founding figures of the former Christian Democrats, for decades Italy's most powerful party until its demise in corruption scandals in the early 1990s.

Scalfaro held junior posts at various ministries through the 1950s and early 1960s. In 1966, he gained his first Cabinet position when Premier Aldo Moro appointed him transportation minister.

In subsequent governments, Scalfaro served two more stints as transport minister and was education minister and interior minister. He was vice president of the Chamber of Deputies from 1976 to 1983.

He became a senator for life after completing his term as president.

He is survived by a daughter, Marianna.

Source: http://us.rd.yahoo.com/dailynews/rss/obits/*http%3A//news.yahoo.com/s/ap/20120129/ap_on_re_eu/eu_italy_obit_scalfaro

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Saturday, January 28, 2012

Romney uses Tom Brokaw to make his case against Gingrich (Washington Bureau)

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Russell Brand To Star In Michael Bay's 'Hauntrepreneur'

Brand will also perform at Amnesty International's Secret Policeman's Ball, along with Coldplay, Jon Stewart and Stephen Colbert.
By Jocelyn Vena


Russell Brand
Photo: Getty Images

Russell Brand has nabbed a starring role in the Michael Bay-produced "The Hauntrepreneur."

The movie will revolve around a "peculiar man" (presumably Brand, given his penchant for those types of roles) who is hired by a family to help them adjust to living in a new town. Calling himself the "Hauntrepreneur," he creates a haunted house full of kooky characters to try to help them get acclimated to their new surroundings, Variety reports.

Paramount has yet to comment on the casting. It marks the latest move Brand has made since filing for divorce from Katy Perry over New Year's weekend.

On Wednesday, it was announced that Brand will perform as part of an Amnesty International benefit March 4 at New York's Radio City Music Hall. It marks his first public appearance since news broke of his split from Perry. Coldplay, Mumford & Sons, Jon Stewart, Stephen Colbert, Reggie Watts and others will also appear at Amnesty International's Secret Policeman's Ball.

Brand will next be seen in "Rock of Ages," alongside Tom Cruise, Julianne Hough, Mary J. Blige and Alec Baldwin. The big-screen adaptation of Broadway's rock musical will open June 1. He's also attached to Diablo Cody's "Untitled Diablo Cody Project," which also will feature Hough.

Additionally, he's working with the FX network on a series of six half-hour late-night comedy specials that will be filmed in front of a live audience as well as an animated comedy he co-created that will air on the Fox network.

Source: http://www.mtv.com/news/articles/1677931/russell-brand-hauntrepreneur-movie.jhtml

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Friday, January 27, 2012

Millions now manage aging parents' care from afar

(AP) ? Kristy Bryner worries her 80-year-old mom might slip and fall when she picks up the newspaper, or that she'll get in an accident when she drives to the grocery store. What if she has a medical emergency and no one's there to help? What if, like her father, her mother slips into a fog of dementia?

Those questions would be hard enough if Bryner's aging parent lived across town in Portland, Ore., but she is in Kent, Ohio. The stress of caregiving seems magnified by each of the more than 2,000 miles that separate them.

"I feel like I'm being split in half between coasts," said Bryner, 54. "I wish I knew what to do, but I don't."

As lifespans lengthen and the number of seniors rapidly grows, more Americans find themselves in Bryner's precarious position, struggling to care for an ailing loved one from hundreds or thousands of miles away.

The National Institute on Aging estimates around 7 million Americans are long-distance caregivers. Aside from economic factors that often drive people far from their hometowns, shifting demographics in the country could exacerbate the issue: Over the next four decades, the share of people 65 and older is expected to rapidly expand while the number of people under 20 will roughly hold steady. That means there will be a far smaller share of people between 20 and 64, the age group that most often is faced with caregiving.

"You just want to be in two places at once," said Kay Branch, who lives in Anchorage, Alaska, but helps coordinate care for her parents in Lakeland, Fla., about 3,800 miles away.

There are no easy answers.

Bryner first became a long-distance caregiver when, more than a decade ago, her father began suffering from dementia, which consumed him until he died in 2010. She used to be able to count on help from her brother, who lived close to their parents, but he died of cancer a few years back. Her mother doesn't want to leave the house she's lived in for so long.

So Bryner talks daily with her mother via Skype, a video telephone service. She's lucky to have a job that's flexible enough that she's able to visit for a couple of weeks every few months. But she fears what may happen when her mother is not as healthy as she is now.

"Someone needs to check on her, someone needs to look out for her," she said. "And the only someone is me, and I don't live there."

Many long-distance caregivers say they insist on daily phone calls or video chats to hear or see how their loved one is doing. Oftentimes, they find another relative or a paid caregiver they can trust who is closer and able to help with some tasks.

Yet there always is the unexpected: Medical emergencies, problems with insurance coverage, urgent financial issues. Problems become far tougher to resolve when you need to hop on a plane or make a daylong drive.

"There are lots of things that you have to do that become these real exercises in futility," said Ed Rose, 49, who lives in Boston but, like his sister, travels frequently to Chicago to help care for his 106-year-old grandmother, Blanche Seelmann.

Rose has rushed to his grandmother's side for hospitalizations, and made unexpected trips to solve bureaucratic issues like retrieving a document from a safe-deposit box in order to open a bank account.

But he said he has also managed to get most of the logistics down to a routine.

He uses Skype to speak with his grandmother every day and tries to be there whenever she has a doctor's appointment. Aides handle many daily tasks and have access to a credit card for household expenses. They send him receipts so he can monitor spending. He has an apartment near his grandmother to make sure he's comfortable on his frequent visits.

Even for those who live near those they care for, travel for work can frequently make it a long-distance affair. Evelyn Castillo-Bach lives in Pembroke Pines, Fla., the same town as her 84-year-old mother, who has Alzheimer's disease. But she is on the road roughly half the year, sometimes for months at a time, both for work with her own Web company and accompanying her husband, a consultant for the United Nations.

Once, she was en route from Kosovo to Denmark when she received a call alerting her that her mother was having kidney failure and appeared as if she would die. She needed to communicate her mother's wishes from afar as her panicked sister tried to search their mother's home for her living will. Castillo-Bach didn't think she could make it in time to see her mother alive once more.

"I won't get to touch my mother again," she thought.

She was wrong. Her mother pulled through. But she says it illustrates what long-distance caregivers so frequently go through.

"This is one of the things that happens when you're thousands of miles away," Castillo-Bach said.

Lynn Feinberg, a caregiving expert at AARP, said the number of long-distance caregivers is likely to grow, particularly as a sagging economy has people taking whatever job they can get, wherever it is. Though caregiving is a major stress on anyone, distance can often magnify it, Feinberg said, and presents particular difficulty when it must be balanced with an inflexible job.

"It's a huge stress," she said. "It can have enormous implications not only for someone's quality of life, but also for someone's job."

It can also carry a huge financial burden. A November 2007 report by the National Alliance for Caregiving and Evercare, a division of United Health Group, found annual expenses incurred by long-distance caregivers averaged about $8,728, far more than caregivers who lived close to their loved one. Some also had to cut back on work hours, take on debt of their own and slash their personal spending.

Even with that in mind, though, many long-distance caregivers say they don't regret their decision. Rita Morrow, who works in accounting and lives in Louisville, Ky., about a six-hour drive from her 90-year-old mother in Memphis, Tenn., does all the juggling too.

She has to remind her mother to take her medicine, make sure rides are lined up for doctor's appointments, rush to her aid if there's a problem. She knows her mom wants to stay in her home, to keep going to the church she's gone to the past 60 years, to be near her friends.

"We do what we have to do for our parents," she said. "My mother did all kinds of things for me."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-01-26-Aging%20America-Long%20Distance%20Caregiving/id-7b3c6b7f40ae4a4baefa35e7321d3ea3

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Scientists Just Discovered the Speed Limit for Quantum Particles [Physics]

Nothing travels faster than light in a vacuum, obviously. And while scientists knew that quantum particles interact with one another at a slower speed, they had trouble measuring the speed at which that happens. Until now, that is. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/QhoooQgT3Sk/scientists-just-discovered-the-speed-limit-for-quantum-particles

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Thursday, January 26, 2012

Analyst predicts Google?s mobile ad revenue to hit $5.8 billion this year (Appolicious)

Google?s Android mobile operating system continues to sweep the world and has a huge number of devices using it, but the way that Google really makes money off the OS and the apps sold for it is through advertising. And one analyst expects that the amount of money Google stands to bring in by targeting ads at Android users to hit $5.8 billion this year.

TechCrunch has the story, which cites Cowen analyst Jim Friedland, who estimates that Google is raking in $7 per mobile device per year, both running Android and Apple?s iOS platform, since Google ads reach other platforms through search and web ads as well. That?s going to help Google?s mobile ad revenues jump significantly, Friedland says ? going from $2.5 billion in 2011 to his estimated $5.8 billion this year.

The biggest driver for that spike is the greater proliferation of mobile devices around the world. This benefits Google as much as any other company by allowing Google to advertise. Smartphone activations in 2012 are expected to rise to 914 million worldwide from 508 million last year. The chunk of Google?s ad revenue that comes straight from mobile ads (as opposed to web ads) is expected to pick up significantly as well, rising from an estimated 3 percent in 2010 to 7 percent in 2011, and doubling again by 2012 to 14 percent, Friedland says. He expects it to increase to a $20 billion revenue stream by 2016, accounting for an estimated 23 percent of Google?s ad business. All those figures are estimates because Google doesn?t release mobile ad revenues regularly.

Whether Google?s mobile ad revenue really could get up above $5 billion depends on smartphone sales for 2012. Last year, Google said during an earnings call that its total display ad business, including mobile, was hitting around a $5 billion annual run-rate. This suggests a really big increase to get just the mobile side up that high. Then again, if smartphone sales really do hit nearly a billion worldwide, that increase in Google?s ad revenue could definitely happen.

More big advertising figures from Google are a good thing when it comes to smartphones, if only because it continues to support the proliferation and refinement of Android and Google?s other mobile offerings. Even Google apps spread to other platforms like iOS are made with an eye toward advertising revenue.

Given the pace at which the smartphone and mobile markets have been growing just in the last few years and months, it seems entirely possible we could be seeing 914 million smartphones worldwide by the end of 2012. It?ll be interesting to look back in 11 months and see how the landscape changes, with more mobile devices, an increasing market and of course, more advertising.

Source: http://us.rd.yahoo.com/dailynews/rss/software/*http%3A//us.rd.yahoo.com/dailynews/external/appolicious_rss/rss_appolicious_tc/http___www_androidapps_com_articles10871_analyst_predicts_googles_mobile_ad_revenue_to_hit_5_8_billion_this_year/44304969/SIG=13rnv73eb/*http%3A//www.androidapps.com/finance/articles/10871-analyst-predicts-googles-mobile-ad-revenue-to-hit-5-8-billion-this-year

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Greenlight Capital fined $11M for market abuse (AP)

LONDON ? High-profile hedge fund manager David Einhorn and his U.S.-based Greenlight Capital Inc. have been fined 7.2 million pounds ($11.2 million) for trading on inside information, Britain's market regulator said Wednesday.

Roughly half the penalty will have to paid by Einhorn, making it the second-largest U.K. fine imposed on an individual by the Financial Services Authority, a spokesman for the watchdog said.

In a statement the FSA said Einhorn had been tipped off that leading British pub operator Punch Taverns PLC was about to begin raising money by issuing new shares only minutes before he began dumping millions of the company's shares on June 9, 2009.

As the value of Punch shares would have fallen following the announcement of the share issue, Greenlight avoided making a substantial loss by selling them early.

The authority said that while it accepted that Einhorn did not believe he was breaking the rules, the tip-off "was inside information and Einhorn should have appreciated this." It added that the lapse was particularly egregious given Einhorn's prominence.

"Einhorn is an experienced professional with a high profile in the industry," said Tracey McDermott, the authority's acting director of enforcement and financial crime. "We expect someone in his position to be able to identify inside information when he receives it and to act appropriately. His failure to do so is a serious breach of the expected standards of market conduct."

Einhorn said in a statement that while he believes he did nothing wrong, he and his company had decided to put the matter to rest "rather than continue an arduous fight."

He added that the fine would not be borne by Greenlight funds.

Einhorn is a charismatic figure best known outside the world of finance for his poker-playing prowess, winning a major 2006 tournament, and his unsuccessful attempt to secure minority ownership of the New York Mets.

In the industry, he built a fearsome reputation for publicly criticizing overvalued companies, including Lehman Bros., which he accused of putting the entire financial system at risk several months before the investment bank spectacularly collapsed.

His book, "Fooling Some of the People All of The Time," explores how weak regulators and compromised officials have allowed Wall Street companies to run amok.

___

Online:

Financial Services Authority: http://www.fsa.gov.uk/

Greenlight Capital: https://www.greenlightcapital.com/

Einhorn's book: http://foolingsomepeople.com/

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/ap/20120125/ap_on_bi_ge/eu_britain_greenlight_capital

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Wednesday, January 25, 2012

Tim Thomas: Six other athletes who snubbed the White House

Tim Thomas and the Boston Bruins won the NHL's Stanley Cup last June. It's an annual tradition that US championship sports teams receive an invitation from the President to be honored at the White House for their athletic feats.

However, there is a small portion of those ?privileged? individuals who have turned down such invitations on political, moral and personal grounds. Thomas, the Bruins goalie, is the latest to join the group.

Here?s a list of six athletes who have snubbed American presidents.

- Michail Vafeiadis,?Contributor

The indefinite postponement of the 1986 Chicago Bears White House reception, due to the Space Shuttle Challenger disaster, reached an abrupt end when 25 years later President Obama invited his favorite NFL team.

However, NFL Hall of Famer Dan Hampton declined the invitation.

"It's my own personal choice that I choose not to go," Hampton said, according to the Huffington Post.

?You know, life's about opportunities and seizing the moment. And you know what, I understand why we didn't go the week after the game -- or two weeks or three weeks -- because if indeed it was the Challenger that the White House and the regular administration was dealing with, I understand that. But there were other months -- March, April, May, June -- we could of went,? he said.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/0C7USUZYMX0/Tim-Thomas-Six-other-athletes-who-snubbed-the-White-House

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Drop in Unemployment Shows Trend in Gaming

LAS VEGAS -- The state's unemployment rate dropped in December to 12.6 percent from 13 percent the month before. While that sounds high, it is an improvement over the year before when the jobless rate in Nevada was 14.9 percent.

The state economist says the drop in unemployment is partly because people have stopped looking for work and partly because the state added 3,500 jobs in December. Hospitality and food service saw the biggest drop in jobs. The clothing industry saw the biggest jump.

David Schwartz with the Center for Gaming Research at UNLV says the slight dip in the unemployment rate shows the trend in hiring at gaming companies.

"Basically, what we can look forward to is smaller increases which are going to be a lot steadier. Hopefully, they will be more stable as these places get healthy. They are not in danger of closing so you will not have us losing as many jobs, but you are also not going to have as many created," Schwartz said.

Schwartz says as long as southern Nevada continues to see visitor volume increase, hotels, casinos and restaurants will put people back to work to maintain their level of customer service. He says right now they are just doing what they can with less.

The jobless rate in Las Vegas was 12.7 percent. Reno's rate was 11.9 percent.

?

(The Associated Press contributed to this report)

Source: http://www.8newsnow.com/story/16582827/state-sees-drop-in-unemployment

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Tuesday, January 24, 2012

Purported Bonnie and Clyde guns sells for $210K

KANSAS CITY, Missouri (AP) ? Two guns thought to have been used by bank-robbing fugitives Bonnie and Clyde have snatched $210,000 at an auction.

The Joplin Globe (http://bit.ly/A9BRHg) reported an online bidder from the East Coast on Saturday bought the weapons believed to have been seized from the outlaw couple's Joplin hideout in 1933.

Sold were a .45-caliber, fully automatic Thompson submachine gun ? better known as a Tommy gun ? and a 1897 Winchester 12-gauge shotgun. Mayo Auction, of Kansas City, was not given permission to release the name of the buyer.

Two law enforcement officers died during a shootout at the Joplin apartment where the couple and members of their gang were holed up, but all the members of the Clyde Barrow gang escaped.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-01-22-Bonnie%20and%20Clyde%20Guns/id-198cbc3b78a34ada936a2b0a6d8e2b8f

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Monday, January 23, 2012

Dave McClure Isn?t Worried About The ?Series A Crunch?

alexia dave mcclureIn recent months, there's been some hand-wringing about a "Series A Crunch" ? namely, a glut of startups raising seed and angel funding, then struggling once they need to raise a proper Series A. But in a recent interview, 500 Startups founder Dave McClure said the complaints are misguided.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/YpXIdkfR_fY/

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Toddlers to tweens: relearning how to play (The Christian Science Monitor)

Boston ? Havely Taylor knows that her two children do not play the way she did when she was growing up.

When Ms. Taylor was a girl, in a leafy suburb of Birmingham, Ala., she climbed trees, played imaginary games with her friends, and transformed a hammock into a storm-tossed sea vessel. She even whittled bows and arrows from downed branches around the yard and had "wars" with friends ? something she admits she'd probably freak out about if her children did it today.

"I mean, you could put an eye out like that," she says with a laugh.

Related content: Little girls or little women? The Disney Princess effect

Her children ??? Ava, age 12, and Henry, 8 ??? have had a different experience. They live in Baltimore, where Taylor works as an art teacher. Between school, homework, violin lessons, ice-skating, theater, and play dates, there is little time for the sort of freestyle play Taylor remembers. Besides, Taylor says, they live in the city, with a postage stamp of a backyard and the ever-present threat of urban danger.

"I was kind of afraid to let them go out unsupervised in Baltimore...," she says, of how she started down this path with the kids. "I'm really a protective mom. There wasn't much playing outside."

This difference has always bothered her, she says, because she believes that play is critical for children's developing emotions, creativity, and intelligence. But when she learned that her daughter's middle school had done away with recess, and even free time after lunch, she decided to start fighting for play.

"It seemed almost cruel," she says. "Play is important for children ? it's something so obvious it's almost hard to articulate. How can you talk about childhood without talking about play? It's almost as if they are trying to get rid of childhood."

Taylor joined a group of parents pressuring the principal to let their children have a recess, citing experts such as the US Centers for Disease Control and Prevention, which recommends that all students have at least 60 minutes of physical activity every day. They issued petitions and held meetings. And although the school has not yet agreed to change its curriculum, Taylor says she feels their message is getting more recognition.

She is not alone in her concerns. In recent years, child development experts, parents, and scientists have been sounding an increasingly urgent alarm about the decreasing amount of time that children ? and adults, for that matter ? spend playing. A combination of social forces, from a No Child Left Behind focus on test scores to the push for children to get ahead with programmed extracurricular activities, leaves less time for the roughhousing, fantasizing, and pretend worlds advocates say are crucial for development.

Meanwhile, technology and a wide-scale change in toys have shifted what happens when children do engage in leisure activity, in a way many experts say undermines long-term emotional and intellectual abilities. An 8-year-old today, for instance, is more likely to be playing with a toy that has a computer chip, or attending a tightly supervised soccer practice, than making up an imaginary game with friends in the backyard or street.

But play is making a comeback. Bolstered by a growing body of scientific research detailing the cognitive benefits of different types of play, parents such as Taylor are pressuring school administrations to bring back recess and are fighting against a trend to move standardized testing and increased academic instruction to kindergarten.

Public officials are getting in on the effort. First lady Michelle Obama and US Secretary of Education Arne Duncan, for instance, have made a push for playgrounds nationwide. Local politicians from Baltimore to New York have participated in events such as the Ultimate Block Party ? a metropolitan-wide play gathering. Meanwhile, business and corporate groups, worried about a future workforce hampered by a lack of creativity and innovation, support the effort.

"It's at a tipping point," says Susan Mag?samen, the director of Interdisciplinary Part?nerships at the Johns Hopkins Uni?versity School of Medicine Brain Science Insti?tute, who has headed numerous child play efforts. "Parents are really anxious and really overextended. Teachers are feeling that way, too."

So when researchers say and can show that "it's OK to not be so scheduled [and] programmed ? that time for a child to daydream is a good thing," Ms. Magsamen says, it confirms what families and educators "already knew, deep down, but didn't have the permission to act upon."

But play, it seems, isn't that simple.

Scientists disagree about what sort of play is most important, government is loath to regulate the type of toys and technology that increasingly shape the play experience, and parents still feel pressure to supervise children's play rather than let them go off on their own. (Nearly two-thirds of Americans in a December Monitor TIPP poll, for instance, said it is irresponsible to let children play without supervision; almost as many said studying is more important than play.) And there is still pressure on schools to sacrifice playtime ? often categorized as frivolous ? in favor of lessons that boost standardized test scores.

"Play is still terribly threatened," says Susan Linn, an instructor of psychiatry at Harvard Medical School and director of the nonprofit Campaign for a Commercial-Free Childhood. But, she adds, "what is changing is that there's a growing recognition that the erosion of play may be a problem ... we need to do something about."

One could say that the state of play, then, is at a crossroads. What happens to it ? how it ends up fitting into American culture, who defines it, what it looks like ? will have long-term implications for childhood, say those who study it.

Some go even further: The future of play will define society overall and even determine the future of our species.

"Play is the fundamental equation that makes us human," says Stuart Brown, the founder of the California-based National Institute for Play. "Its absence, in my opinion, is pathology."

IN PICTURES: At play: Children worldwide taking part in some recreation

Can you define 'play'?

But before advocates can launch a defense of play, they need to grapple with a surprisingly difficult question. What, exactly, is play?

It might seem obvious. Parents know when their children are playing, whether it's a toddler scribbling on a piece of paper, an infant shaking a rattle, or a pair of 10-year-olds dressing up and pretending to be superheroes.

But even Merriam-Webster's Collegiate Dictionary definition, "recreational activity; especially the spontaneous action of children," is often inaccurate, according to scientists and child development re-searchers. Play for children is neither simply recreational nor necessarily spontaneous, they say.

"Play is when children are using something they've learned, to try it out and see how it works, to use it in new ways ? it's problem solving and enjoying the satisfaction of problems solv[ed]," says Diane Levin, a professor of education at Wheelock College in Boston. But Ms. Levin says that, in her class on the meaning and development of play, she never introduces one set definition.

"This is something that people argue about," she says.

Scientists and child advocates agree that there are many forms of play. There is "attunement play," the sort of interaction where a mother and infant might gaze at each other and babble back and forth. There is "object play," where a person might manipulate a toy such as a set of marbles; "rough and tumble play"; and "imaginative play." "Free play" is often described as kids playing on their own, without any adult supervision; "guided play" is when a child or other player takes the lead, but a mentor is around to, say, help facilitate the LEGO castle construction.

But often, says Dr. Brown at the National Institute for Play, a lot is happening all at once. He cites the time he tried to do a brain scan of his then-4-year-old grandson at play with his stuffed tiger.

"He was clearly playing," Brown recalls.

"And then he says to me, 'Grandpa, what does the tiger say?' I say, 'Roar!' And then he says, 'No, it says, "Moo!" ' and then laughs like crazy. How are you going to track that? He's pretending, he's making a joke, he's interacting."

This is one reason Brown says play has been discounted ? both culturally and, until relatively recently, within the academic community, where detractors argue that play is so complex it cannot be considered one specific behavior, that it is an amalgamation of many different acts. These scientists ? known as "play skeptics" ? don't believe play can be responsible for all sorts of positive effects, in part because play itself is suspect.

"It is so difficult to define and objectify," Brown notes.

But most researchers agree that play clearly exists, even if it can't always be coded in the standard scientific way of other human behaviors. And the importance of play, Brown and others say, is huge.

Brown became interested in play as a young clinical psychiatrist when he was researching, somewhat incongruously, mass murderers. Although he concluded that many factors contributed to the psychosis of his subjects, Brown noticed that a common denominator was that none had participated in standard play behavior as children, such as interacting positively with parents or engaging in games with other children. As he continued his career, he took "play histories" of patients, eventually recording 6,000. He saw a direct correlation between play behavior and happiness, from childhood into adulthood.

It has a lot to do with joy, he says: "In the play studies I'd find many adults who had a pretty playful childhood but then confined themselves to grinding, to always being responsible, always seeing just the next task. [They] are less flexible and have a chronic, smoldering depression. That lack of joyfulness gets to you."

Brown later worked with ethologists ? scientists who study animal behavior ? to observe how other species, from honeybees to Labrador retrievers, play. This behavior in a variety of species is sophisticated ? from "self-handicapping," so a big dog plays fairly with a small dog, to cross-species play, such as a polar bear romping with a sled dog. He also studied research on play depravation, noting how rat brains change negatively when they are deprived of some sorts of play.

Brown became convinced that human play ? for adults as well as children ? is not only joyful but neces?sary, a behavior that has survived despite connections in some studies to injury and danger (for example, animals continue to play even though they're likely to be hunted while doing so) and is connected to the most ancient part of human biology.

'Executive' play

Other scientists are focusing on the specific impacts of play. In a small, brick testing room next to the "construction zone" at the Boston Children's Museum, for instance, Daniel Friel sits with a collection of brightly colored tubing glued to a board. The manager of the Early Childhood Cognition Lab in the Department of Brain and Cognitive Sciences at the Massachusetts Institute of Technology (MIT), he observes children at play with puppets and squeaky toys, rubber balls and fabulously created pipe sculptures. Depending on the experiment, Mr. Friel and other researchers record such data as the time a child plays with a particular object or what color ball is picked out of a container. These observations lead to insights on how children form their understanding of the world.

"We are interested in exploratory play, how kids develop cause and effect, how they use evidence," he says.

The collection of tubing, for instance, is part of a study designed by researcher Elizabeth Bonawitz and tests whether the way an object is presented can limit a child's exploration. If a teacher introduces the toy, which has a number of hidden points of interest ? a mirror, a button that lights up, etc. ? but tells a child about only one feature, the child is less likely to discover everything the toy can do than a child who receives the toy from a teacher who feigns ignorance. Without limiting instruction from an adult, it seems, a child is far more creative. In other words, adult hovering and instruction, from how to play soccer to how to build the best LEGO city, can be limiting.

Taken together, the MIT experiments show children calculating probabilities during play, developing assumptions about their physical environment, and adjusting perceptions according to the direction of authority figures. Other researchers are also discovering a breathtaking depth to play: how it develops chronological awareness and its link to language development and self-control.

The latter point has been a hot topic recently. Self-regulation ? the buzzword here is "executive function," referring to abilities such as planning, multitasking, and reasoning ? may be more indicative of future academic success than IQ, standardized tests, or other assessments, according to a host of recent studies from institutions such as Pennsylvania State University and the University of British Columbia.

Curriculums that boost executive function have become increasingly popular. Two years ago, Elizabeth Billings-Fouhy, director of the public Children's Place preschool in Lexington, Mass., decided to adopt one such program, called Tools of the Mind. It was created by a pair of child development experts ? Deborah Leong and Elena Bodrova ? in the early 1990s after a study evaluating federal early literacy efforts found no positive outcomes.

"People started saying there must be something else," Dr. Leong says. "And we believed what was missing was self-regulation and executive function."

She became interested in a body of research from Russia that showed children who played more had better self-regulation. This made sense to her, she says. For example, studies have shown that children can stand still far longer if they are playing soldier; games such as Simon says depend on concentration and rule-following.

"Play is when kids regulate their behavior voluntarily," Leong says. Eventually, she and Dr. Bodrova developed the curriculum used in the Children's Place today, where students spend the day in different sorts of play. They act out long-form make-believe scenes, they build their own props, and they participate in buddy reading, where one child has a picture of a pair of lips and the other has a picture of ears. The child with the lips reads; the other listens. Together, these various play exercises increase self-control, educators say.

This was on clear display recently at the Children's Place. Nearly half the children there have been labeled as special needs students with everything from autism to physical limitations. The others are mainstream preschoolers ? an "easier" group, perhaps, but still not one typically renowned for its self-control.

But in a brightly colored classroom, a group of 3-, 4-, and 5-year-olds are notably calm; polite and quiet, sitting in pairs, taking turns "reading" a picture book.

"Here are scissors, a brush...," a boy named Aiden points out to his partner, Kyle, who is leaning in attentively.

"Oh, don't forget the paint," Kyle says, although he's mostly quiet, as it's his turn to listen.

Aiden nods and smiles: "Yes, the paint."

When Aiden is finished, the boys switch roles. Around them, another dozen toddlers do the same ? all without teacher direction. The Tools classrooms have the reputation of being far better-behaved than mainstream classes.

"We have been blown away," says Ms. Billings-Fouhy, the director, comparing how students are doing now versus before the Tools curriculum. "We can't believe the difference."

Educators and scientists have published overwhelmingly positive analyses since the early 2000s of the sort of curriculum Tools of the Mind employs. But recently the popularity of the play-based curriculum has skyrocketed, with more preschools adopting the Tools method and parenting chat rooms buzzing about the curriculum. Two years ago, for instance, Billings-Fouhy had to convince people about changing the Children's Place program. Now out-of-district parents call to get their children in.

"I think we're at this place where everyone is coming to the conclusion that play is important," Leong says. "Not just because of self-regulation, but because people are worried about the development of the whole child ? their social and emotional development as well."

Today's kids don't know how to play

But not all play is created equal, experts warn.

The Tools of the Mind curriculum, for instance, uses what Leong calls "intentional mature play" ? play that is facilitated and guided by trained educators. If children in the class were told to simply go and play, she says, the result probably would be a combination of confusion, mayhem, and paralysis.

"People say, 'Let's bring back play,' " Leong says. "But they don't realize play won't just appear spontaneously, especially not in preschool.... The culture of childhood itself has changed."

For a host of reasons, today's children do not engage in all sorts of developmentally important play that prior generations automatically did. In her class at Wheelock College, Levin has students interview people over the age of 50 about how they played. In the 1950s and '60s, students regularly find, children played outdoors no matter where they lived, and without parental supervision. They played sports but adjusted the rules to fit the space and material ? a goal in soccer, for instance, might be kicking a tennis ball to the right of the trash can. They had few toys, and older children tended to act as "play mentors" to younger children, instructing them in the ways of make-believe games.

That has changed dramatically, she says. In the early 1980s, the federal government deregulated children's advertising, allowing TV shows to essentially become half-hour-long advertisements for toys such as Power Rangers, My Little Ponies, and Teenage Mutant Ninja Turtles. Levin says that's when children's play changed. They wanted specific toys, to use them in the specific way that the toys appeared on TV.

Today, she says, children are "second generation deregulation," and not only have more toys ? mostly media-based ? but also lots of screens. A Kaiser Family Foundation study recently found that 8-to-18-year-olds spend an average of 7.5 hours in front of a screen every day, with many of those hours involving multiscreen multitasking. Toys for younger children tend to have reaction-based operations, such as push-buttons and flashing lights.

Take away the gadgets and the media-based scripts, Levin and others say, and many children today simply don't know what to do.

"If they don't have the toys, they don't know how to play," she says.

The American educational system, increasingly teaching to standardized tests, has also diminished children's creativity, says Kathy Hirsh-Pasek, a professor of psychology and director of the Infant Language Laboratory at Temple University in Philadelphia. "Children learn from being actively engaged in meaningful activities," she says. "What we're doing seems to be the antithesis of this. We're building robots. And you know, computers are better robots than children."

Other countries, particularly in Asia, she notes, have already shifted their educational focus away from test scores, and Finland ? which is at the top of international ranking ? has a policy of recess after every class for Grades 1 through 9.

But as Dr. Hirsh-Pasek points out, children spend most of their time out of school. A playful life is possible if parents and communities know what to do.

The Ultimate Block Party, which Hirsh-Pasek developed with other researchers, is one way to involve local governments, educators, and institutions in restoring play and creativity, she says. The Ultimate Block Party is a series of play stations ? from blocks to sandboxes to dress-up games to make-believe environments ? where kids can play with their parents. Meanwhile, the event's staff helps explain to caregivers what sorts of developmental benefits the children achieve through different types of play.

The first Ultimate Block Party in New York's Central Park in October 2010 attracted 50,000 people; Toronto and Baltimore held parties last year. Organizers now say they get multiple requests from cities every month to hold their own block parties; Hirsh-Pasek says she hopes the movement will go grass roots, with towns and neighborhoods holding their own play festivities.

"It's an exciting time," she says. "We're starting to make some headway. It's time for all of us to find the way to become a more creative, thinking ?culture."

Source: http://us.rd.yahoo.com/dailynews/rss/health/*http%3A//news.yahoo.com/s/csm/20120122/ts_csm/449876

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Sunday, January 22, 2012

Lana Del Rey's 'SNL' Set Defended By Andy Samberg

' 'Video Games' is a great song,' he tells MTV News at Sundance about Del Rey's 'Saturday Night Live' appearance.
By Josh Wigler, with reporting by Josh Horowitz


Andy Samberg
Photo: MTV News

PARK CITY, Utah — The critics have not been kind to Lana Del Rey following her recent performance on "Saturday Night Live." "Wack-a-doodle" was how Eliza Dushku described it, while actress Juliette Lewis likened the performance to "watching a 12-year-old in their bedroom when they're pretending to sing and perform." At times, it seems that just about everybody has it in for Del Rey.

But "SNL" castmember Andy Samberg is not so quick to criticize. Speaking with MTV News at the Sundance Film Festival — where he's busy promoting his romantic dramedy "Celeste and Jesse Forever" — Samberg acknowledged the outcry against Del Rey but took the opportunity to compliment her.

"People gave her a lot of crap. I saw it online. BriWi," he said when asked about Del Rey, referring to "NBC Nightly News" anchor Brian Williams' assessment of the performance as "one of the worst outings in 'SNL' history."

"But 'Video Games' is a great song," Samberg added.

Also there to offer support was Samberg's "Celeste and Jesse" co-star Rashida Jones, who doesn't envy anybody who has to grace the pressure-filled "SNL" stage. "It's a tough venue," she said. "You're not actually performing in front of an audience; you're performing in front of cameras. But I didn't see it, so I don't know."

"Yeah, I didn't see it either, so I can't really speak to it," Samberg quickly added, followed by a long pause and an uncomfortable look. (Perhaps there's something he's not telling us ... )

Samberg and Jones aren't the only two who have come to Del Rey's defense. Daniel Radcliffe, who served as "SNL" host during the singer's appearance, has already condemned the way people criticized her. "It was unfortunate that people seemed to turn on her so quickly," Radcliffe told the British media earlier this week. "I also think people are making it about things other than the performance. ... If you read what people are saying about her online, it's all about her past and her family and stuff that's nobody else's business. I don't think [the performance] warranted anywhere near that reaction.

The 2012 Sundance Film Festival is officially under way, and the MTV Movies team is on the ground reporting on the hottest stars and the movies everyone will be talking about in the year to come. Keep it locked with MTV Movies for everything there is to know about Sundance.

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Source: http://www.mtv.com/news/articles/1677675/andy-samberg-defends-lana-del-ray-snl.jhtml

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