Tuesday, July 31, 2012

A look at recent tech-industry earnings

Samsung reported strong results Friday, days after rival Apple showed a slowdown in revenue growth. Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:

? July 2: Microsoft Corp. says it is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history, for online ad company aQuantive, turned out to be a dud.

? July 6: Samsung Electronics Co. estimates its second-quarter operating profit at 6.5 trillion won to 6.9 trillion won ($5.7 billion to $6.1 billion), a 79 percent jump from a year earlier based on the midpoint of that range. Analysts say the sharp rise in operating profit was driven by the success of its Galaxy line of smartphones. However, Samsung's stock fell as lower-than-expected overall sales underlined the threat from Europe's economic malaise.

? July 9: Chipmaker Advanced Micro Devices Inc. lowers its quarterly forecast, blaming weaker-than-expected sales in China and Europe and lackluster demand overall from consumers. AMD says it expects revenue to fall by 11 percent from the previous quarter, below its earlier forecast of a 3 percent decline.

? July 10: BlackBerry maker Research in Motion Ltd. asks disgruntled investors at a shareholders meeting for patience as it develops new devices to rival the iPhone and Android smartphones. The company reiterates a warning that the next several quarters will be challenging. It also expects to book another operating loss in the current quarter as the company cuts prices to sell its older BlackBerry models.

? July 17: Yahoo Inc. reports another lackluster quarter on CEO Marissa Mayer's first day on the job. It continues years of financial lethargy that has plagued the one-time Internet pioneer as Google and Facebook have prospered. Net income fell 4 percent from a year ago, and adjusted earnings were short of expectations.

Intel Corp., the world's largest chipmaker, says revenue for the current quarter is likely to come in below Wall Street forecasts as it blames "a more challenging macroeconomic environment."

? July 18: IBM Corp. reports its 38th consecutive quarter of earnings increase. Net income rose 6 percent despite a 3 percent drop in revenue amid Europe's economic jitters. IBM revenue in Europe, the Middle East and Africa fell by 9 percent from last year. The turmoil in Europe hurt IBM's results as currencies there weakened, translating into fewer U.S. dollars. IBM says revenue would have been slightly higher than last year if currency-exchange rates had remained the same.

EBay Inc. more than doubled its second-quarter net income thanks to higher revenue from its PayPal online payments business and its e-commerce websites. Its marketplaces business, which includes its flagship website, saw the strongest growth rate since 2006.

? July 19: Google Inc. says its second-quarter earnings rose 11 percent despite a deepening decline in the prices paid for its Internet search advertising. The results included Google's $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings Inc. for the first time. Revenue climbed 35 percent from last year to $12.2 billion. If not for Motorola, revenue would have increased by 21 percent.

Microsoft Corp. says a $6.2 billion accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. The company had a loss of 6 cents a share, compared with earnings of 69 cents a share a year ago. Adjusted earnings beat expectations, and the stock rose.

Verizon Communications Inc. says net income rose 13 percent in the second quarter as its wireless arm pulled in record profits. But its traditional, wired phone business was weaker. Like other phone companies, Verizon is losing landlines, but has been compensating to some extent by signing up broadband customers. In the second quarter, that trend faltered, as it gained just 2,000 broadband customers ? the worst result in four years.

? July 24: Apple Inc. reveals that its growth slowed in the most recent quarter. In both revenue and net income, the company posted the smallest increases in years and failed to meet analyst expectations. It wasn't so much the volume of sales, but Apple's average selling prices declined.

At AT&T Inc., meanwhile, declining smartphone sales contributed to the best profitability ever in its wireless arm as it saved on phone subsidies. AT&T says it activated fewer smartphones in the quarter, much of it because subscribers are holding to their phones longer. That's good news for the company because it doesn't have to shell out as much in subsidies to sell the phones to customers for $99 or $199.

Netflix Inc. reports a 91 percent reduction in second-quarter earnings amid a slowdown in subscriber growth. Netflix Inc. added 1.1 million worldwide subscribers to its streaming service ? in line with management predictions, but below what analysts had hoped for.

? July 25: Online game maker Zynga Inc. reports a loss in the second quarter, with adjusted earnings and revenue below Wall Street's already low expectations. Zynga also lowers its outlook for the year, citing game delays, reduced expectations for "Draw Something" and what it called a "more challenging environment on the Facebook Web platform." Changes Facebook made to its website can make older games such as "FarmVille" more difficult to discover.

? July 26: Facebook Inc.'s first earnings report as a public company had solid numbers, but in the end it landed with a thud ? much like its rocky initial public offering two months earlier. Facebook reported stronger-than-expected revenue and a gain in user numbers, but investors weren't impressed. After a brief spike, its stock fell.

Sprint Nextel Corp., the country's third-largest wireless carrier, reports a wider loss for the second quarter as wrote down the value of its moribund Nextel network. However, Sprint was successful in persuading smartphone subscribers to pay up for "unlimited data" service, and its service revenue zoomed, beating estimates.

Online retailer Amazon.com Inc. reports earnings that matched Wall Street's meager expectations, but its revenue gains and outlook for the current quarter fell short of forecasts.

? July 27: Samsung Electronics Co. reports another record-high quarterly profit as customers flocked to Galaxy smartphones. Samsung benefited from runaway demand for its Android-powered smartphones as rivals including Apple Inc. had yet to release new models. Robust sales of smartphones helped offset a slowdown in other consumer electronics businesses such as televisions.

Coming up:

? Wednesday: Comcast Corp.

? Thursday: Sony Corp., LinkedIn Corp.

? Aug. 13: Groupon Inc.

? Aug. 15: Cisco Systems Inc.

? Aug. 21: Dell Inc.

? Aug. 22: Hewlett-Packard Co.

? Sept. 27: Research in Motion Ltd.

Source: http://news.yahoo.com/look-recent-tech-industry-earnings-001704437.html

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International Man Of Mitt-stery

By MICHAEL FALCONE ( @michaelpfalcone ), CHRIS GOOD ( @c_good ) and ELIZABETH HARTFIELD ( @LizHartfield )

NOTABLES:

MITT ROMNEY'S EURO-TRIP CONTINUES. Mitt Romney has landed in Gdansk, Poland - the third and final county on his week-long overseas trip. While there he plans to meet with Polish Prime Minister Donald Tusk, former President Lech Walesa, visit the World War II Westerplatte Memorial and visit the Solidarity Monument Site before heading to Warsaw. But his fly-around to Great Britain, Israel and Poland has not been without turbulence. Romney addressed his views on a potential Israeli military strike against Iran in an interview with ABC's DAVID MUIR yesterday. WATCH: http://abcn.ws/Qqr9dB

OBAMA ADVISER: ROMNEY EMBARRASSED U.S. Senior Obama campaign adviser Robert Gibbs, on Romney's Olympics comments before traveling to London: "Mitt Romney wondered aloud whether London was ready for the Olympics, and I think it's clear that voters in this country wonder aloud whether Mitt Romney is ready for the world ? I'm happy David Cameron had the last word, because I thought it was embarrassing for our country." http://abcn.ws/MVvulx

VEEPSTAKES: MARCO RUBIO DRAWS BIG CROWDS : Rubio held his first solo events on behalf of Romney this weekend and drew hundreds. According to the Las Vegas Review Journal, a crowd of 800 attended Rubio's rally at his old elementary school in Las Vegas Saturday http://bit.ly/Odx0Nu, and a crowd of 200 gathered to meet Rubio outside the Iowa state capitol in Des Moines through Rubio's appearance was ultimately canceled due to flight problems, the Des Moines Register reported. http://dmreg.co/QGV2Rn

ROMNEY CAMPAIGN'S BUSY MONDAY: Today the Romney campaign has organized 18 "We Did Build This" events in 12 states. According to a campaign official: "There will be events in Wisconsin, Pennsylvania, North Carolina, Iowa, Ohio, Michigan, Virginia, Florida, Colorado, Nevada, Missouri, and New Mexico to allow small business owners the chance to respond to President Obama's claim that 'if you've got a business - you didn't build that. Somebody else made that happen.'" Also the campaign is striking the same theme with a new web video titled, "These Hands: Ohio." WATCH: http://mi.tt/OpQaDy

THE NOTE:

Mitt Romney got many of the headlines he wanted out of his trip to Israel this weekend:

"Romney Backs Israeli Stance on Threat of Nuclear Iran," wrote The New York Times; Politico weighed in: "Mitt Romney: No more 'diplomatic distance' from Israel"; and the Wall Street Journal noted, "Romney Talks Tough."

But the Republican presidential candidate also got some he didn't:

"Romney Campaign Muddles Iran Stand," according to BuzzFeed; National Public Radio put it this way: "Romney Camp Comments On Israeli Action In Iran, Then Clarifies"; and from Bloomberg News: "Romney Opens Fundraiser in Israel to Media After Outcry."

From his apparent insult of London Olympics organizers to his clarification of an adviser's comment on the fraught issue of a military strike against Iran, Romney's been learning a lesson about the perils of international communication.

After Romney foreign policy aide Dan Senor noted that "if Israel has to take action on its own, in order to stop Iran from developing [nuclear] capability the governor would respect that decision," ABC's David Muir sought, in a one-on-one interview with Romney, to decipher exactly where Romney stands on the question. http://abcn.ws/Q46b16

"I recognize the right of Israel to defend itself," Romney told Muir yesterday in Jerusalem. "At the same time we are two nations, both committed to employing every means we have to keep Iran from pursuing their nuclear folly and that means every diplomatic course, economic forces as well, sanctions are beginning to have a greater impact on Iran we want to execute all of these elements of soft power if you will but of course we maintain all options. If all of our political and economic options fail we of course retain military options as well."

And, in an interview with CBS News, Romney added: "Because I'm on foreign soil, I don't want to be creating new foreign policy for my country or in any way to distance myself from the foreign policy of our nation."

When it came to one of the issues that had been dominating the election-year debate before he left for his trip abroad - whether he would release additional years of tax returns - Romney was also keeping his cards close to the vest.

As ABC's Emily Friedman notes, Romney could not say today whether he had ever paid a tax rate lower than 13.9 percent, saying he would have to "go back and check."

"I haven't calculated that," Romney told Muir. "I'm happy to go back and look, but my view is I've paid all the taxes required by law."

"From time to time I've been audited as it happens, I think, to other citizens as well, and the accounting firm which prepares my taxes has done a very thorough and complete job pay taxes as legally due," Romney added. "I don't pay more than are legally due."

More tax questions likely await the GOP candidate when he returns stateside, but with Romney on the final leg of his trip, Democrats are reveling in Romney's missteps while overseas.

One top Democratic official told The Note: "We're going to start the week by tying a bow on Romney's foreign trip where he proved to be an embarrassment and not at all prepared to be commander-in-chief." MITT AND MUIR: WATCH ABC's David Muir interview Mitt Romney yesterday in Jerusalem: http://abcn.ws/Qqr9dB

TRANSCRIPT of the interview: http://abcn.ws/Qqr9dB

ROMNEY ON LONDON: I TELL PEOPLE WHAT I BELIEVE. In ABC's wide-ranging, exclusive interview with Mitt Romney in Jerusalem, David Muir asked Romney about the Olympics comments that roiled the British press. Romney responded: "I tend to tell people what I actually believe and referring to the comments that were made in the media was something which I felt was an honest reflection of what was being concerned what was concerning folks and having had the experience I'm absolutely convinced the organizing committee did what people hoped which is overcome the challenges and produced a brilliant product." http://abcn.ws/LXy3UK

ROMNEY VS. OBAMA ON AFGHANISTAN: WHAT'S THE DIFFERENCE? More from David Muir's interview: On Afghanistan, Romney told Muir, "It's the same time frame the president is speaking of with regards to the transition of the afghan forces, I also indicated that I want to make sure that we have had consultation with the commanders on the ground. The place where the president and I have had a difference with regards to time table is with withdrawal of our surge troops. Commanders were looking at December 2012 withdrawal point the president moves that up to September 2012 which is still during fighting season I sided with the commanders and felt the 2012 decision, the September 2012 decision was premature." http://abcn.ws/P8BFzf

GOD AND MITT AT THE KING DAVID: Romney spoke Monday morning at a fundraiser at Jerusalem's King David Hotel where wealth donors in attendance included billionaire Sheldon Adelson: Romney weighed in on his impressions of Israel: "I am overwhelmingly impressed with the hand of providence, whenever it chooses to apply itself, and also the greatness of the human spirit, and how individuals who reach for greatness and have purpose above themselves are able to build and accomplish things that could only be done by a species created in the image of God. I come to this place, therefore, with a sense of profound humility, as I look around here at great people who've accomplished a great thing, and also a sense of spiritual connection, acknowledging the hand of providence in establishing this place and making it a holy city."

NOTE IT!

ABC's RICK KLEIN: Is it over yet? The no-downside Romney foreign trip left its potential on the other side of the water's edge. Not that the soil back home is that much more friendly (thanks, Newsweek), but the shadow of London followed Romney to Jerusalem and now Poland. In Israel, Romney sough to chart a distinct foreign policy without defining it as such, even as he tempers down what his campaign aides have been saying about a possible Israeli strike on Iran. The trip is hard to second-guess - candidates go abroad these days, and London for the Olympics plus a visit with an old friend named Bibi made too much sense to pass up. Yesterday's pictures, of the Romneys at the Western Wall, and next to a chummy Israeli prime minister, may have been worth the airfare alone. But Friday and its latest jobs report can't come fast enough now for Boston.

"THIS WEEK" REWIND: MESSAGE TEST: GIBBS VS. MADDEN ON THE ECONOMY. Obama adviser Robert Gibbs and senior Romney adviser Kevin Madden sparred on the election's biggest issue:

MADDEN: "[T]his is a president who sort of abandoned, really, any idea of offering the public any new ideas about getting out of the current economic stagnation. ? We have had unemployment over 8 percent for 41 months now. And this is a president who continues to call for new taxes. This is a president that continues to call for new regulations on small businesses, the entrepreneurs and the Americans that are trying to help grow and expand the economy."

GIBBS: "[T]he president is the president of the United States. He understand where the buck stops. We also understand what we inherited and what we can't go back to, which are the tried-and-tested ideas of four years ago which got us into this mess. ? This week, the Senate rightly voted to ensure that when - at the end of the year, we extend tax cuts for middle-class families. But their economic theory is we get this economy going by giving millionaires and billionaires more and more tax cuts. That's not what's going to get this economy moving."

WHAT ISRAEL THINKS OF ROMNEY. Ruth Marcus, who recently traveled to Israel, discussed Mitt Romney's trip there on ABC's "This Week" round table: "One thing that I took away understanding about Israel is that it has a little bit of a Sally Field relationship with this president, which is, 'Does he like us? Does he really like us?' And they're nervous about that. And that actually cuts both ways for Mitt Romney. They are interested in him, they are looking forward to hearing from him all the words of support, but they are nervous about the relationship already with the president who they think might have them to kick around for the next four years, and they don't want to make that relationship worse."

DOMESTIC POLITICS: ISRAEL AND EVANGELICALS. George Will, during the roundtabe: "The vast majority of American Jews are going to vote Democratic. Always have, far as I can tell, always will. The great support Israel right now, the energy is in the Evangelical community, which is part of the Republican base. So the trip to Israel is a way of firing up this enormously important, somewhat skeptical of Mitt Romney, Republican base."

WATCH the full episode and see clips: http://abcnews.go.com/ ThisWeek/

THE BUZZ:

with Chris Good ( @c_good)

CHENEY IS BACK AND TALKING TO ABC'S JON KARL: ABC's Eric Noe writes: With a new heart, Dick Cheney is back. In an exclusive interview with ABC News' Jonathan Karl, Cheney reflects on the "miracle" that a heart transplant promises to give him years of added life. And Cheney shows he is as confrontational as ever, taking on President Obama - and even Sarah Palin. Cheney, 71, details how far back he has come. He remembers waking from weeks of heavy sedation after having a pump installed in his heart in 2010, a grueling operation that left him seeing his own mortality in the mirror.

CHENEY: PICKING PALIN WAS A 'MISTAKE.' Cheney tells Jonathan Karl: "[T]he test to get on that small list has to be: is this person capable of being president of the United States? And that's usually a very, very short list ? I think that that was one of the problems McCain had. I like Gov Palin. I've met her, I know her. She was an attractive candidate, but based on her background-she'd only been a governor for two years-I don't think she passed that test ? of being ready to take over. And I think that was a mistake." http://abcn.ws/MV7nUf

RECALLS KNOWING HIS HEART WAS 'AT AN END.' Cheney tells Jonathan Karl: "Two years ago this time I was on a respirator, heavily sedated. Just had a pump? installed on my heart because my heart had gotten so weak after six heart attacks and 30-some years of heart disease that it was, you know, it was at the end. ? I lost 40 pounds. I was heavily sedated in the intensive care unit for weeks afterwards. I had pneumonia while I was in recovering from the surgery. And by the time I came out from under I looked in a mirror and what I saw was my dad shortly before he died. He was in his 80s." http://abcn.ws/PbsDkN

OBAMA WORSE THAN JIMMY CARTER. Asked for his general assessment of President Obama, here's what Dick Cheney had to say: "I think he's been one of our weakest presidents. I just fundamentally disagree with him philosophically. I'd be hard put to find any Democratic president that I've disagreed with more." Karl: "Worse than Jimmy Carter, from your perspective?" Cheney: "Yes."

BILL CLINTON WILL HAVE KEY ROLE AT CONVENTION. Former President Bill Clinton will play a central role at the Democratic National Convention this year, assuming the stage for a prime-time address in a slot normally reserved for an incumbent VP. Clinton will speak Wednesday night in Charlotte, the evening before President Obama will formally accept the nomination in Bank of America Stadium, campaign and DNCC officials tell ABC News's Devin Dwyer. Biden will share the stage with Obama on Thursday, delivering his own solo address before the president speaks, the officials said. News of the speaker line-up was first reported by the New York Times. Clinton's role at the Convention comes as Obama increasingly invokes his popular Democratic predecessor on the campaign trail in part as a defense of his economic plan. The two have also conducted joint fundraisers in the past few months to help rouse the Democratic base.

NEW ABC/YAHOO! VIDEO: OLYMPIC POLITICS. The Olympics are supposed to be a time when the entire world puts aside politics and comes together for athletic competition, but it doesn't always work out that way. In the latest installment of "Political Punch," ABC's Jake Tapper recaps the controversy surrounding Mitt Romney's trip to London, the Olympic Committee's request that footage not be used in political ads, and a history of Olympic politics. http://yhoo.it/Ox3T8d

ROMNEY BRINGS IN $1 MILLION AT ISRAEL FUNDRAISER. Yahoo! News' Holly Bailey reports: "Mitt Romney raised more than $1 million at a campaign fundraiser here on his way out of Israel. At least 40 donors paid between $25,000 and $50,000 apiece to attend a breakfast with Romney at a hotel - including Las Vegas casino magnate Sheldon Adelson, who has contributed more than $20 million to Republicans and conservative super PACS so far this election cycle. Of that total, $10 million went to Restore Our Future, a political committee backing Romney's bid for president." http://abcn.ws/MOdPho

HOW WILL RUSSIA COMMENTS PLAY IN POLAND? Businessweek's Nicole Gaouette writes: "While Polish relations with Obama have been bumpy, Romney's attempts to play off Cold War fears in a former Soviet satellite and to connect with Americans of eastern European descent may not resonate in today's Poland, analysts and scholars said. Romney has called Russia, Poland's historic foe, America's 'No. 1 geopolitical foe' and accused Obama of the 'sudden abandonment' of Poles because the president delayed - and then revived - plans for a missile defense system in eastern Europe." http://buswk.co/Q4x4T9

ROMNEY FUNNELS MONEY TO STATE PARTIES. Roll Call's David Drucker reports: "Individuals are limited to contributions of $2,500 to Romney for President and $30,800 to the Republican National Committee. But through the Romney Victory Inc. joint fundraising committee, which raised $140 million in the second quarter, maxed-out Romney and RNC donors can contribute to the Republican parties of Idaho, Massachusetts, Oklahoma and Vermont. There, the money will await redistribution to state parties in presidential battlegrounds as determined by team Romney and the RNC." http://bit.ly/PbkDQQ

A TEXAS TEA PARTY: GOP SENATE PRIMARY SET FOR TUESDAY. USA Today's Susan Davis reports: "One of the biggest tests of strength for the movement's ability to upend the GOP establishment in 2012 is Tuesday, when formerly long-shot candidate attorney Ted Cruz is favored by election analysts to upset Lt. Gov. David Dewhurst in the Senate Republican primary runoff in a race to replace retiring GOP Sen. Kay Bailey Hutchison. Cruz started the race underfunded, lesser-known and without the support of the Texas Republican Party establishment, including Gov. Rick Perry. Endorsements from GOP activists, such as former Alaska governor Sarah Palin and Sens. Jim DeMint of South Carolina and Rand Paul of Kentucky, brought in national attention and money." http://usat.ly/Oceesx

BIDEN TO AFT: ROMNEY DOESN'T VALUE EDUCATION. The Associated Press reports on Vice President Joe Biden's adderss to the American Federation of Teachers national convention: "Vice President Joe Biden, in a speech Sunday to the nation's second largest teachers unions, said Republican presidential candidate Mitt Romney doesn't treat public education as a priority and distrusts the hardworking teachers who struggle to create opportunity for the nation's young people. ? From what Romney and his GOP rivals said during the primary debates, 'it looks like they don't think public education is worth the investment,' Biden said."

NEW SENATE AD: WISCONSIN ENGINES. Democratic Rep. Tammy Baldwin, who is running for Senate in Wisconsin, released a new TV ad, highlighting local manufacturing: "Coast guard cutters: built in America, but powered by engines manufactured overseas, even though you can't buy a better engine than the ones made right here in Wisconsin. That's why I led the fight to require the Coast Guard to buy their engines from us, not foreign companies. I'm Tammy Baldwin. While the Coast Guard protects our shores, we can also protect our jobs. That's why I approve this message." http://bit.ly/MWnXBf

VEEP BEAT:

with ABC's Arlette Saenz ( @ArletteSaenz)

-PORTMAN 'FEELS THE PRESSURE' TO DELIVER OHIO: Campaigning in Ohio on Saturday, Portman said he sees an added pressure in bringing Romney a win in his home state of Ohio, NBC News' Andrew Rafferty reported. "Even though he is not yet on the Republican presidential ticket, Ohio Sen. Rob Portman already feels the burden of delivering his home state for presumptive nominee Mitt Romney," Rafferty wrote. "'I already feel the pressure,'Portman said when asked whether he felt he would be responsible for ensuring the Buckeye State is red this November if chosen as Romney's running mate. 'I'm chairing the effort here in Ohio and again I'm feeling good about things because there is a just a lot of volunteers who are stepping forward. I haven't seen energy like this in past elections, presidential or otherwise? My focus is going to be Ohio. And I do believe that this year, Ohio could make the difference again.'" http://nbcnews.to/Qr82Qp

-RYAN SEES WISCONSIN WIN: Rep. Paul Ryan said he believes Romney can pull off a victory in Wisconsin this fall, NBC News' Alex Moe reported. "Campaigning for the GOP nominee in his home state with just 100 days before the presidential election, Congressman Paul Ryan said he is confident Mitt Romney can win here in the Badger State this November," Moe wrote. "'We haven't gone Republican on top of the ticket since 1984 but we think this time is different. We think it's different because people in Wisconsin are tired of the direction Washington is going. They don't the president's policies have worked,' Ryan told NBC News in an interview Sunday evening. They think, 'this is not the uniter. This is not the hope and change. This is a man who is dividing us, who is giving us terrible economic policies, who is growing government, who is growing the debt, and that just doesn't rub right with Wisconsinites.'" http://nbcnews.to/MOfymY

WHO'S TWEETING?

@GarciaJon : @matthewbjaffe ties the knot in Lake Geneva. The bride, of course,is the lovely Katie Hogan. http://pic.twitter.com/diVoXV12

@emilyrs : My story this AM on how voter ID laws could affect the outcome in swing states this November: http://politi.co/OwUv4u

@HotlineJosh : Nice get from @mkraju: Olympia Snowe nursing a grudge against the GOP's #MESEN nominee. Makes holding seat even harder http://www.politico.com/news/stories/0712/79100.html

@PeterHambyCNN : WaPo looks at 4 counties to assess the state of play: Wood (OH), Iron (MO), Hillsborough (FL) and Henrico (VA) http://wapo.st/LVrp1g

@JohnJHarwood : Wishing Reps. Dave Camp and Jesse Jackson Jr. a return to good health as soon as possible

POLITICAL RADAR

-President Obama spends the day in Washington, DC and travels to New York tonight for a fundraiser.

-Mitt Romney, in Gdansk, Poland, meets today with Polish Prime Minister Donald Tusk, former President Lech Walesa, and visits two historical sites before heading to Warsaw.

Check out The Note's Futures Calendar : http://abcn.ws/ZI9gV

Also Read

Source: http://news.yahoo.com/international-man-mitt-stery-note-123208695--abc-news-politics.html

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Is outsourcing beneficial? | Memory Map

For some individuals outsourcing is perceived to be a total waste of time and financial resources, which can end up together with unwanted complications. Why assign work to other individuals if you know what will be admirable for your company? Why delegate the work to outsourcing professionals abroad if you can do much better right at your own territory? You know what is best for your business, and you don?t want other individuals to deal along with things that you can handle by yourself, or together with the encourage of in-house personnel. This is where the matter of KPO and BPO crops in. It is very important to make a broader and clearer understanding of the terms knowledge procedure outsourcing and company procedure outsourcing.

Thus, knowledge procedure outsourcing and company process outsourcing for businessman is a ?modern day boon?. number of businessmen are aware that outsourcing provides them the liberty of dumping all of their non-core yet valuable aspects of their corporation and delegating the job to an distinctive or group of individuals who can give justice to the procedure. Thus, a businessmen could focus on the core of his company. On the added hand, the outsourcing establishment could also focus on the specific job delegated to them, thus a cost-efficient business operating. That is one of the primary advantages of knowledge procedure outsourcing and business procedure outsourcing..

another enticing advantage of outsourcing is being one of the economical measures that you could take for your industry. It is a well known fact that manpower costs within the united states of america and Europe are far higher than those elsewhere in the globe. This is because of the glaring difference between the growths of economies. knowledge procedure outsourcing and company process outsourcing provides an instant solution within getting highly-productive manpower at a cheaper price. For what you may have to pay another than $1,000 within the USA, the identical can be done for less than $500 per month together with no compromise on the output quality.

another convincing convenience of outsourcing is investment substantial amount of cash within terms of the development of some aspects of your business (such as IT development). Since outsourcing involves reduced expenditures on your part, you would be accomplished to maximize the price of your money to need your IT services civilized into the latest and biggest powerful modern info tool. inside addition, you will avoid recruiting new personnel who will handle the development as well as training them, thus decreasing the recruitment and training price for your industry. The purchase of required technology would now be handled by the outsourcing company, thus saving cash inside the long run which you can use on other substantial corporation aspect.

You are the corporation owner-and you know what is fine for your company. Excepting few lean periods, the statistics suggests that the economies have grown faster along with outsourcing and moreover, it had no tell-tale impact on employment in the aged countries.

Knowledge Process Outsourcing

Source: http://map.smithvisual.com/?p=129412

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Calculating Child Support in High Income Cases | Legal Shield | Pre ...

Generally, the New Jersey Child Support Guidelines are employed to determine child support awards. There are a few circumstances when the guidelines would not be used for the calculation of child support. First, parties are always free to agree to any figure they want as a child support figure. In that instance, the parties circumvent any decision the Court would make with respect to child support. However, assuming that the Court is involved, if the parties have either extremely high combined income or exceptionally low combined income, the child support guidelines figure will be adjusted.

What exactly does ?extreme? mean? Under the Court Rules for 2012, the threshold for ?high? income is a combined net income of $187,200.00. In other words, if both parties? incomes after taxes exceed $187,200.00, then the Court will determine a custom child support amount. For example, if one party grosses $300,000.00 and the other party earns $50,000.00, their net income will be higher than the threshold, and a custom child support figure will be determined. The Court will run the child support guidelines and then supplement the obligation in this scenario. The extent of the supplement varies case by case, but it involves an analysis of the lifestyles of the parties and the children involved. The Court does not expect a child accustomed to a privileged lifestyle to be limited to a modest lifestyle, when there are funds available to maintain the former lifestyle.

Conversely, there are circumstances in which parties have extremely low income, and therefore the child support guidelines are not simply applied under these circumstances. What constitutes an ?extreme? low income case? Under the Court Rules for 2012, if an obligor (party with the responsibility of paying support) has net income which is less than 105%, of the U.S. poverty guidelines, after deducting the child support from his or her gross income, such a scenario is considered a low income matter. In this circumstance, the Court will review the obligor?s expenses and income to determine a child support obligation that will not deprive a party of his or her right to subsist at a minimum level.

In either situation, it is imperative to prepare a complete and accurate Case Information Statement, which is the document used by the Court to determine the lifestyles of the parties and the children. While filling out a Case Information Statement can be daunting, it may just be the single most important document a party completes in family law matters. A knowledgeable, skilled New Jersey child support attorney can assist you in providing a fair and accurate representation of your financial situation and in obtaining an equitable child support award.

No related posts.

Source: http://safeguardfreedom.com/blog/?p=7024

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London 2012: China's Ye Shiwen staggered the world ? even Ryan Lochte

The morning after the night before there was only one name on everybody's lips. It was not Ryan Lochte or Michael Phelps. In fact it was exactly the same person those two had been talking about themselves: Ye Shiwen. The 16-year-old, born and raised in Hangzhou out on the east coast of China, became the first swimmer to break a world record at these Olympics when she knocked more than a second off the time that won Steph Rice gold back in Beijing in 2008. And Rice had the advantage of swimming in a polyurethane suit, of the kind long since banned by the sport's governing body, Fina. It was not just Ye's speed, or her age, that was so staggering ? it was the manner of her victory.

After 300m of fly, back and breaststroke, Ye was eight-tenths of a second behind USA's world champion, Elizabeth Beisel. And then, with 100m to go, something extraordinary happened. She swam her first 50m of freestyle in 29.25sec, and her second in 28.93. Those are just numbers, and mean little to those who do not study the sport. To put them in context, consider this: Ye was faster in the final 50m of her own 400m IM than Lochte was in his.

"Yeah, we were talking about that at dinner," Lochte said. "It is pretty impressive. She's fast. If she was there with me, she might have beat me." There's no might about it. Ye was 0.17 quicker over the final 50m of freestyle than the man many reckon to be the greatest all-round swimmer in the world. Beisel, Lochte's training partner, had no chance. She was two seconds slower over the final 50m.

It is the first time in history such a thing has happened. But it will not be the last. Ominously, Ye is certain she can get better still, and seeing as she is only 16, who can doubt her? "There's much room for improvement," she said. "It's true for breaststroke I am lagging behind but I think my freestyle result is also not that good. Usually I'm very bad at turning. This is one of my worst basic skills, but turning is a very important skill, therefore I was practising my turns before the competition." She says she is even better at the 200m IM, the event in which she won gold at the world championships in Shanghai last year, when she was 15.

Ye's team-mate Li Xuanxu took bronze and she is only 17 herself. She too came home in under 30 seconds, with a time of 29.77. The next best split was almost a second slower.

Then there was Sun Yang, 20, and also from Hangzhou. The world knew a little more about him, after he beat the longest-standing record in swimming at the world championships last year, taking 0.42 off the 1500m time set by the great Grant Hackett back in 2001.

Sun won the 800m in Shanghai, too. In London he has already won gold and set a new Olympic record in the 400m freestyle, beating South Korea's world and Olympic champion Park Tae-hwan. And on Sunday morning he was the fastest-qualifier in the heats of the 200m freestyle, pipping Lochte. It is entirely possible that Sun will sweep all the freestyle distances from 200m to 1500m.

China's success has prompted, with tedious predictability, dark mutterings about exactly how they are achieving it. Over the course of the 1990s they had 40 swimmers banned after positive doping tests. The sceptics ? or perhaps cynics ? would say that the doubts about Ye, Li and Sun are the inevitable consequence of that history.

There is, of course, no evidence to support such thoughts other than the talent and speed of the athletes themselves. Surely the success of this young generation stems from a legacy of a very different kind ? that of the Beijing Olympics. China has sent 49 swimmers to these Games, and 27 of them were born after 1990. On the women's side, there are eight who were born in 1995 or after. The country's success in the Aquatics Centre surely owes a lot to the investment in the sport made before the 2008 Games.

Their medals could also owe something to the unique talent identification system China uses to stream children into different sports. In his excellent 2003 profile of Yao Ming for the New Yorker, Pete Hessler, talks about how Chinese basketball players are selected strictly on the basis of their height and genealogy. "We go to the schools and look at the children's height, and then we check their parents' height," Hessler was told by one high school coach. "The method of early recruitment is a product of China's inability to provide every public school with coaches and sports facilities," Hessler wrote. "The system has proved effective in low-participation, routine-based sports like gymnastics and diving." And also, it seems, swimming.

Ye says she started swimming in 2003 because her "teacher spotted she had big hands". In swimming, where physique determines so much, the rather-rudimentary method of recruiting young athletes on the basis of their physical characteristics rather than their talent or inclination for the sport, appears to work well. It is coupled, of course, to an infamously fierce training programme, to the point where Ye was asked whether she resented being treated like a robot. "Of course not," she replied. "I think we have very good training, very scientific-based training, that's why we all have progressed."

Source: http://www.defence.pk/forums/world-affairs/198923-london-2012-chinas-ye-shiwen-staggered-world-even-ryan-lochte.html

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White House: Nothing to offer on Poland? (Washington Bureau)

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Golf to benefit cancer research

The 4th Annual Dal Bon Memorial golf tournament is coming up Aug. 11.

The tournament is held in memory of Brad and Jeff Dal Bon's parents Jim and Merrilee Dal Bon, who both died from complications of pancreatic cancer. The tournament benefits the Hirshberg Foundation for pancreatic cancer research.

The shotgun/scramble starts at 1 p.m. Prices will be awarded and food will be served after the event.

To sign up, visit the Team Dal Bon website www.teamdalbon.org.

Source: http://www.theunion.com/ARTICLE/20120730/COMMUNITY/120729733/1055/RSS

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