Wednesday, February 20, 2013

Slickdeals' best in tech for February 20th: 55-inch LG 3D HDTV and Brother HL-2270DW laser printer

Looking to save some coin on your tech purchases? Of course you are! In this round-up, we'll run down a list of the freshest frugal buys, hand-picked with the help of the folks at Slickdeals. You'll want to act fast, though, as many of these offerings won't stick around long.

Slickdeals' best in tech for February 20th: 55-inch LG 3D HDTV and Brother HL-2270DW

Perhaps some online shopping is just what your Wednesday needs to make it worthwhile. In today's round of links, a 3D HDTV, wireless laser printer, prepaid smartphone and work-ready laptop all make the cut. Take a look at the other side of the break to see 'em all, with pricing and purchase links in tow.


Slickdeals' best in tech for February 20th 55inch LG 3D HDTV and Brother HL2270DW

This deal is available from TigerDirect. Use the rebate form found here.

Slickdeals' best in tech for February 20th 55inch LG 3D HDTV and Brother HL2270DW

Grab one of these from T-Mobile.

Slickdeals' best in tech for February 20th 55inch LG 3D HDTV and Brother HL2270DW

This offer is available from Dell.

Slickdeals' best in tech for February 20th 55inch LG 3D HDTV and Brother HL2270DW

Snag one of these from Amazon.

Slickdeals' best in tech for February 20th 55inch LG 3D HDTV and Brother HL2270DW

This deal is available from Rakuten.

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Source: Slickdeals

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/LZaf3Gw6j0c/

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Rare tiger born at San Francisco zoo

Rare tiger born in San Francisco Zoo is the first since 2008. Such zoo births are rare, and there are few as 400 Sumatran tigers left in the wild. This cub was born to a 9-year-old tiger, named Leanne.

By Laila Kearney,?Reuters / February 15, 2013

A Sumatran tiger named "Leanne" is shown sleeping beside her newborn cub at the San Francisco Zoo. The cub was born this past weekend.

REUTERS/San Francisco Zoo/Handout

Enlarge

A Sumatran tiger gave birth to an apparently healthy cub at the San Francisco Zoo over the weekend in a rare boost to the critically endangered subspecies, zookeepers said on Thursday.

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There are estimated to be as few as 400 Sumatran tigers in the wild, and zookeepers were monitoring the pair in the zoo's secluded Lion House via webcam to allow the 9-year-old mother, named Leanne, and baby to bond with little human interference.

"All signs seem to be positive so far," said Corinne MacDonald, San Francisco Zoo curator of carnivores and primates.
"Mom and cub are bonding," she said, adding the cub appeared to be healthy and was active and eating a lot.

The unnamed cub was the first tiger born at the San Francisco Zoo since 2008, when Leanne delivered a litter of three males. The cubs were transferred to zoos across the United States. Before 2008, the zoo had not had a tiger birth in 30 years.

Zoo staff will not know the gender of the newborn until its first examination at least two weeks from now.

"These births are definitely rare," said Dr. Tara Harris, a tiger specialist with the North American accrediting group Association of Zoos and Aquariums. About 75 Sumatran tigers are in captivity in North America and give birth to two to four litters a year, she added.

The cub, which will stay at the zoo for a year and a half before zookeepers decide whether to transfer it, was fathered by a 6-year-old tiger named Larry, who was temporarily transferred from the Audubon Zoo in New Orleans for breeding.

Leanne was one of a handful of tigers worldwide to receive prenatal sonograms and exams while awake. Captive tigers are generally put under during the pregnancy exams, which can be dangerous to the mammals.

"It's so much better for these animals not to have to be sedated. Many animals have adverse reactions to the anesthesia, which can be worse than the actual procedure," MacDonald said.

In the wild, Sumatran tigers - the smallest of six tiger subspecies - are found only on the Indonesian island of Sumatra in lowland and mountain forests. Habitat destruction and poaching are the main reasons for the tigers' endangerment. (Editing by Cynthia Johnston and Peter Cooney)

Source: http://rss.csmonitor.com/~r/feeds/science/~3/wVaCtIRiAJE/Rare-tiger-born-at-San-Francisco-zoo

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Poor Social Media Practices Can Kill Businesses [Report]

A new research on social media says that, businesses can no longer adopt a trial-and-error method on social media. The research finds that there is a connection between social media and business metrics such as consumers? probability to purchase or interact with companies through leading social channels.

The study is consists of responses from more than 23,200 U.S. online consumers who have interacted with a company via the companies? social media channel. The study was conducted across more than 100 U.S. brands in six industries: airline, auto, banking, credit card, telecom and utility, from November to December 2012.

The research also measures the overall consumer experience in terms of consumer engagement with companies through their social channels for needs of marketing and servicing. The study spotlights on social media engagement, marketing and servicing. Marketing engagements include connecting with consumers to build brand awareness and likeness, plus to promote coupons and deals. Servicing engagements include answering specific consumer questions or resolving problems.

The study sets up performance benchmarks and industry best practices that provide insights to companies to help them make the most of their social media efforts.

The report also highlights that, companies need to understand how their consumers use social media and then keeping that as a basis they need to develop a strategy to address their usage model.

Social Media Marketing

The study finds that engagement ability changes by age group in social marketing engagements. About 39% of consumers aged 30-49 years and 38% of respondents aged 50+ years interact with a company in a social marketing engagement perspective. But only 23% of consumers aged between 18 and 29 years interact with companies.

Consumers engagement with brands on social media vary by age (in percentage)

The study finds that the automobile industry is the only industry that performs well in both types of social media engagement.

Social Media Servicing

Companies that throw away discount coupons should not ignore customers who need the service and want the company?s help, adds Anderson.

On the contrary to social media engagement, 43% of consumers who are aged between 18 and 29 years use social media for servicing interactions, while 39% of consumers aged 30-49 years use social channels for servicing needs. Only 18% of consumers aged 50+ interact with a company through social networks for a servicing.

Social media  for servicing interactions with brands vary by age

The wireless industry is performing well in social servicing, and the utility industry in social marketing.

Satisfaction Rates:

87% (satisfaction scores of 951 and higher on a 1,000-point scale) indicate that the online social interaction with the company has increased the purchase probability from the company.

On the other hand, 10% (500 out of 1000) of the consumers who are less satisfied consumers show less probability to purchase from that brand/company.

The study?unveils?that some industries are more effective in applying best practices into social media engagement strategies than others.When looking across industries the only industry which performs well in both marketing and servicing social media interactions is known to be ??auto industry?. Other industries performing well are wireless in social servicing interactions and utility in social marketing interactions.

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Source: http://www.dazeinfo.com/2013/02/19/poor-social-media-practices-can-kill-businesses-report/

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Tuesday, February 19, 2013

The Real Obstacles To Increasing Apple's Share Price

The traditional bull and bear arguments on Apple (AAPL) have become extremely familiar and perhaps tiresome to investors. Thus, I will not rehash them here. Instead, I will present two ideas that I have not yet seen discussed:

  1. Samsung phones did not have any effect on Apple's Q1 revenue or profit;
  2. Investor diversification guidelines pose the most serious long term limitation to Apple's market cap.

Hopefully, when combined with reader responses that correct any of my mistakes, this article will add new insights into everyone's understanding of Apple. Disclosure: I am very heavily invested in AAPL for the long term and do not expect to make any trades in AAPL for the next several weeks.

Let's start with Samsung phones not having had any effect on Apple's Q1 revenue or profit. How can this be? Haven't I heard how great the new Samsung phones are and what a large percentage of the market Samsung phones represent? Yes, though I am an exclusive iPhone user myself, I have heard of the greatness of Samsung phones, and I don't doubt that they are every bit as good as their fans say. However, it is highly unlikely that they impacted Apple financially in Q1. For Apple's latest quarter management claims to have been supply constrained on the iPhone 4S for the entire quarter and supply constrained on the iPhone 5 for most of the quarter. Another way of saying this is that Apple sold virtually every phone they could make; even if there were no Samsung phones available during the quarter Apple could not have sold more iPhones. Furthermore, Apple's pricing for iPhones has remained remarkably stable over the past few years, in other words they have not had to drop pricing significantly due to competition from other vendors. If their volumes and prices have not been affected then they have not suffered financially, at least not in Q1.

The astute reader will quickly punch holes in the above argument. It is faint praise indeed to say that your major competitor couldn't hurt you because your own manufacturing system was an even bigger obstacle. And the argument above also says nothing about future sales when manufacturing constraints will presumably be reduced or eliminated. At that time (perhaps we are there already) it certainly seems logical that growth and pricing could suffer due to the presence of legitimate competition. The reader might also argue that Samsung, as a major supplier, may have been the reason behind Apple's supply constraints. It could also be noted that while there was no effect on iPhone revenue, Apple's tablet revenue probably was impacted by Samsung and Android based tablets. This is because Apple was forced into making smaller lower margin tablets and perhaps selling fewer full size tablets than they would have otherwise. My major takeaway from this is that investor concerns about larger iPhone screen sizes and competition from Samsung and other Android phones is a little overdone and possibly distracting. Apple needs to worry first and foremost about scaling their manufacturing and they need to dump Samsung as a supplier as soon as possible. This is especially important if Apple plans to come out with new less expensive phones to address even larger developing markets like China Mobile (CHL).

Now let's turn our attention to perhaps the most important long term limit on how large Apple's market cap can get. Before you stop reading let me say that this has nothing to do with the often but mistakenly cited 'law of large numbers', which near as I can tell has nothing to do with stock prices. Nor does it have to do with limits to market share or margins. No, this is about investor self-imposed diversification and risk mitigation rules that place limits on how much stock of a given company you or I or any other investor should own.

Before I complicate this analysis with secondary details it might be illuminating to look at an overly simplified example. Start with just one assumption: that every investor has a strict inviolable diversification rule to not allow any one company to represent more than 5% of their equity portfolio. This puts an absolute mathematical limit on the market cap of any company; no single company can be more than 5% of the combined market cap of all equities. And that could only happen if every investor buys up to their maximum 5% limit. Normally, this would be a crazy high ceiling not even worth thinking about. But in the case of Apple's $430B market cap it already represents about 3.2% of the S&P 500 or about 2.4% of all US equities combined. Moreover, if Apple reaches $700 again it would represent slightly more than 5% of the S&P 500 market cap, assuming the rest of the market stayed about the same.

Since we know that many investors purchase little or no Apple shares at all, for example, Warren Buffett or the funds indexed to the Dow Jones Industrials, the remaining investors must increase their concentration of AAPL well above the percentage represented by Apple's market cap. Given the diversification requirements of most investors it may be difficult for Apple's market cap to grow at a rate much faster than the overall market.

There are at least two objections to the analysis above:

  1. Apple has a global brand and attracts foreign investors, so its market cap should really be compared to the total capitalization of global equities not just US equities. The total global equity market is roughly three times larger than the US market alone, so Apple represents only 1% of the market cap of global equities. I think this is a fair objection though I expect that foreign investors are dramatically underrepresented as Apple shareholders -- certainly far less than the two-thirds that might be hoped for from the ratios above.
  2. On a global basis equities are only about half the size of the bond market. Shouldn't this be taken into account since investors diversify portfolios with bonds as well? Here I believe that the normal diversification of portfolios between bonds and equities is a bit of a red herring, since whatever amount investors do allocate to equities they will still further diversify among various companies. And, it is unlikely that the equity portion of their portfolio will have much more than 5% (on average) devoted to a single company. If we get a net flow of funds from bonds to equities it should lift the entire equity market and this would allow Apple to grow but presumably at the rate of the overall market.

How have investors actually behaved with respect to the concentration of Apple in their portfolios? The table below shows the twenty largest shareholders that together represent about 28% of all Apple shares. While some shareholders such as Susquehanna Financial Group and Invesco Powershares Capital Management have an incredible 15% of their total assets concentrated into Apple stock, the overall unweighted average is much lower at about 4.68%. Given the volatility of Apple I doubt that most large investors will allow Apple to be much more than 5% of their total holdings going forward. Other large Apple investors tend to hold far lower percentages of their overall assets in Apple. For example, CalPERS holds 2.7 million Apple shares but that represents only about 0.5% of its overall assets. Much smaller institutions such as Gladius Capital Management may hold as much as 90% of their portfolio in AAPL shares. However, since they hold only a few tens of thousands of shares each, my assumption is these small overly concentrated funds represent a small fraction of AAPL's total shares.

Largest Institutional Shareholders

Shares Held

% of Total Shares Held

% Total Assets

Date of Report

Vanguard Group, Inc.

42,083,340

4.49

2.80

12/31/2012

Fidelity Management and Research Company

39,243,371

4.18

4.20

12/31/2012

State Street Corp

36,838,788

3.93

2.89

12/31/2012

T. Rowe Price Associates, Inc.

23,480,146

2.50

4.60

09/30/2012

Susquehanna Financial Group

16,123,195

1.72

15.73

12/31/2012

Northern Trust Investments, N.A.

13,550,305

1.44

2.97

12/31/2012

Invesco Powershares Capital Mgmt LLC

10,629,940

1.13

14.41

09/30/2012

Wellington Management Company, LLP

7,493,102

0.80

1.79

09/30/2012

Geode Capital Management, LLC

6,917,119

0.74

4.60

09/30/2012

BlackRock Fund Advisors

8,554,086

0.91

2.04

12/31/2012

J.P. Morgan Investment Management Inc.

8,235,013

0.88

3.28

12/31/2012

Janus Capital Management LLC

6,406,612

0.68

7.78

09/30/2012

TIAA-CREF Investment Management LLC

7,768,584

0.83

3.66

12/31/2012

Citigroup Inc

5,146,106

0.55

6.13

09/30/2012

Jennison Associates LLC

5,985,132

0.64

3.85

12/31/2012

Bank of New York Mellon Corp

5,610,903

0.60

2.98

12/31/2012

Mellon Capital Management Corporation

5,400,515

0.58

3.04

12/31/2012

Government Pension Fund of Norway - Global

6,631,046

0.71

0.49

12/31/2011

American Century Inv Mgt, Inc.

4,794,252

0.51

3.75

12/31/2012

AllianceBernstein LP

4,156,413

0.44

2.65

12/31/2012

265,047,968 (Total)

28.26% (Total)

4.68% (Unweighted average)

A company with a market cap as large as Apple's cannot afford to leave out any large group of investors. If it does so, diversification limits will make it very difficult to grow faster than the market as a whole. This is likely not a problem at the current market cap but certainly if the market cap reaches its previous high, growth at faster than the overall market will become increasingly difficult. I believe the following steps should be taken by the company as soon as possible:

  • Increase the dividend to capture as many value and dividend investors as possible. I believe the dividend should be raised to about 4% from its current 2.3%. This may also attract part of the very large pool of funds sitting in the bond market, allowing Apple to benefit disproportionately from any net flow of funds from bonds to equities.
  • Initiate a 10 for 1 stock split so that the stock can become part of the Dow and thus a required purchase by Dow based index funds. This will also attract individual investors who through ignorance associate the numerically high share price with over priced. It will also make it easier for small investors to buy round lots and trade options.
  • Attract more foreign investors. I am not sure how to do this but it holds the greatest opportunity for bypassing the diversification imposed limits on market cap by nearly tripling the pool of investors.

In summary, Apple faces unique problems because its market cap represents an appreciable percentage of the total equities market. It must take steps to ensure the broadest possible investor base in order to improve its chances of outgrowing the market in the long run. In the short run, investors (and hopefully management) need to be far more concerned about scaling manufacturing and eliminating Samsung from the supply chain than about screen size.

Disclosure: I am long AAPL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)

Source: http://seekingalpha.com/article/1200351-the-real-obstacles-to-increasing-apple-s-share-price?source=feed

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Downton Abbey, Season 3

Michelle Dockery as Lady Mary and Dan Stevens as Matthew Crawley Michelle Dockery as Lady Mary and Dan Stevens as Matthew Crawley

Photo courtesy of ? Giles Keyte/Carnival Film & Television Limited 2012 for Masterpiece

June Thomas: Seth! The final few minutes of that episode were the cruelest in TV history. Just think, the Brits got that on Christmas Night. I bet thousands of Boxing Day breakfasts involved Downton fans weeping salty tears into their morning porridge.

I had managed to stay unspoiled about the details of that last devastating development, though I knew that Dan Stevens wanted to leave the show. But when the episode was entering its final minutes, and we were enjoying that lovely tableau of the new parents and their bonny baby?a son and heir at last?I told myself we?d avoided the worst and that his departure would be effected off-screen or at the beginning of Season 4. But no, the happiest man alive?a man, let?s not forget, who is driven around by a chauffeur 95 percent of the time?found himself in a motor-vehicle accident and now lies dead at the side of the road. I?m particularly wretched at the knowledge that we viewers are the only ones who are aware of this tragic development. Until next January, or whenever Season 4 rolls around, the Crawleys and their faithful retainers will remain in a state of ignorant bliss.

Seth Stevenson: Once again a child arrives just as its parent expires. Matthew had but one chance to say hello to his "dearest little chap." Two Downton babies have been born into sadness.

I had avoided direct spoilers but was vaguely aware that something like this was coming. I steeled myself the moment I saw Matthew smiling, his hair in full flop in an open roadster. Still, the gushing blood came as a shock.

June, can Downton survive now that it has, in fairly rapid succession, killed off two of its most likable performers? I realize the show is a victim of its own success?spring-boarding the careers of Dan Stevens and Jessica Brown Findlay to new heights. But I confess it might be a challenge for me to work up excitement for Season 4 when my favorite characters are all disappearing.

Thomas: I swear, the Crawleys are the Kennedys of Yorkshire.

I think you're right, though. As its storylines have become less credible, the essential goodness and likability of the core cast have become more important. At the end of last season, I wondered if the show would still hold my attention once all the hurdles to Matthew and Mary's getting together were removed. If keeping the show going means more bipolar ups and downs on the scale of Season 3, I fear the end is in sight.

And it's not just Sybil and Matthew who we'll miss. O'Brien revealed herself to be a lover of travel and hot climates, and, freed from loyalty to Miss Wilkins the punch-spiker, it seems that Downton's most cold-hearted villain might be taking her hair-dressing talents to the colonies. As reality TV has taught us, nothing keeps viewers coming back to a show like a truly detestable character.

The arrival of young Rose at Downton will in no way compensate for the loss of all these old favorites.

Stevenson: It?s always been the allure of the cast that?s kept me coming back. And Dan Stevens was in many ways the show's glue. No matter which soapy implausibilities developed around him, he always managed to make Matthew believable, charming, and menschy. No scene was entirely hopeless whenever he was in it. Downton will be hard-pressed to replace him.

What bright spots can we look forward to? Rose will bring youth, and no doubt a spot of mischief, back to the abbey. Edith seems poised for either a heartwarming romance or a spectacular flame-out with her editor. Isobel and Dr. Clarkson might resume their stilted series of misunderstandings. And Branson is surely the most eligible bachelor in Yorkshire. Do you think he'd ever marry Lady Mary, and raise their two star-crossed infants as siblings? Would she even have him? Mary has always been rather kind to Branson. She's also a terrible snob.

Thomas: Well, that's the other thing: Mary was really rather horrible this episode. I cut her some slack on account of her advanced pregnancy?the poor woman was denied the pleasure of Scottish country dancing!?but she was snooty and nasty, and recovered her good temper only when she brought forth the little prince. Now , quite understandably, she?ll be devastated by Matthew?s death. Season 4 will surely see her wandering the halls of Downton Abbey with a sad gray cloud floating above her head.

Stevenson: She skipped the reels, but she's still reeling.

Thomas: Even if Mary were capable of verbal sparring, whom would she zing with? If I were Edith, Matthew's sudden death, following so soon on Lady Sybil's?not to mention all those young men lost in the Great War?would convince me to ignore convention and shack up with Mr. Gregson. When life is so fragile and potentially short, people should seize happiness wherever they can.

Stevenson: Cheers to people seizing happiness. This was one of those episodes when I longed for everybody to shrug off social convention. That maid seemed to make Branson happy, or at least less lonely?I wish they could have had a meaningless yet recuperative fling. I wish Dr. Clarkson hadn't been scared to make a fool of himself?he and Isobel seem suited to each other, don't you think? And I wish poor Shrimpy and his wife could end each other?s misery. Their marriage feels like Matthew's description of his day spent stalking: "crawling through heather with nothing to show for it."

There wasn't nearly enough of the dowager countess for my taste this week (there never is), but she did display a morsel of her patented wisdom when she forgave Rose for being a teenager. Given that Violet once wore leg-of-mutton sleeves, she was in no position to condemn.

Thomas: This episode was rather good at offering positive alternatives to sad marriages like Susan and Shrimpy's. That gap-toothed flirt Jos Tufton wanted Mrs. Patmore for her cooking, but the happiest moment of the night came when Mrs. Hughes clued her in to his faithlessness, thus supplying an excuse to refuse him. Mrs. P is better off where she is. I feel quite sure that Isobel knew exactly what Dr. Clarkson was going to ask her, but she's right that, for the moment at least, they'll be happier as friends. Even Thomas and Jimmy found a (nonsexual) relationship that will work for them.

But your mention of Branson and Edna the predatory maid brought me down again. That storyline was a rerun of a rerun of a rerun. (Just as Mrs. Patmore's courtship by Jos Tufton echoed the proposal Mrs. Hughes received in Season 1.) I really hope Julian Fellowes comes up with some new plot twists over the hiatus, because I am sick to death of the current crop.

Stevenson: There were so many recycled plotlines. A new life is born as another is cruelly taken. Molesley's inadvertently drunk again. Everyone's going to the fair, and deciding to ignore opportunities for romance because they're happier just as they are. Edith and Mary are bickering. Edith is flirting with a vaguely inappropriate fellow. A maid is sniffing around a man upstairs.

I think, at this point, the characters whose fates I'm interested in are Branson and Edith. Branson is starting over?a bachelor with a new career?and I'd like to see what the world has in store for him. Edith might dive into a more urbane, sophisticated lifestyle, with a magazine column to boot. (I liked when Lord Grantham scoffed at a journalistic enterprise employing "amateurs." Gregson doubted the distinction was meaningful. He's so new media! The Arianna of the 1920s.)

Everyone else seems content to ride things out at Downton. And the thought of that is beginning to give me chills. I think I might be ready to flee Yorkshire for new environs. As long as I don?t end up in Scotland. I'll take a pass on wandering through the heather and being awoken by bagpipes.

Thomas: Oh, let's not be too hard on Scotland. The tweeds were divine, as was Shrimpy's enormous Ruth Bader Ginsburg ruffle. And how marvelous to see Robert and Shrimpy don deerstalker hats for a morning?s deer stalking. I'd love to reel with Anna at the Gillies Ball, but British food is bad enough without having a piper circling the table while it's served. I'll gladly swear off bagpipes, but I'm not quite ready to abandon Downton Abbey yet.

Stevenson: Well,?I'll miss you when I head off to my colonial posting?"all sweat and jippy tummy"?but no doubt we will meet again one day at Downton. And once there, we shall watch, for hours on end, Carson comforting babies. Easily the most adorable image of the season. I loved his calm tone as he told squalling infant Sybil that it was time for them to "have a little chat."

It's been a pleasure having these little chats with you, June. But now it's time to pack away my white tie and tails.?

Thomas: It's been a treat to have a kindred spirit to discuss the show with, Seth. Don't forget your pencils and your rods.

Source: http://feeds.slate.com/click.phdo?i=6af992a14b143dabadd70db4c5fd74fb

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Belgians hunt boar: No contest, animals win

(AP) ? Belgians went on a boar hunt and at first it looked like no contest: 200 hunters vs. 170 wild boars. Yet in the end, only one boar was slain.

As hunter Jef Schrijvers said after a frustrating day: "The boars won. The hunters lost."

The northern town of Postel had organized the hunt because an explosive increase in the boar population had damaged farm fields and woods and caused rural traffic problems.

In a coordinated swoop, the hunters sought to drive the boars together so that marksmen in high positions could shoot them, but the plan didn't work.

Schrijvers told the VRT television network that "the hunt was perfect, safe and correct. Only the result was disappointing."

He called it a "successful general rehearsal" ahead of similar hunts.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/aa9398e6757a46fa93ed5dea7bd3729e/Article_2013-02-18-Belgium-Boar%20Hunt/id-5eaefa1f90d541048688dcc8b816ac6e

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Monday, February 18, 2013

The Pirate Bay suing rival for copyright infringement | Games ... - MCV

Yes, you read the headline correctly ? The Pirate Bay has threatened to sue a rival website over an alleged case of copyright infringement.

TorrentFreak reports that Finnish anti-piracy group the Copyright Information and Anti-Piracy Centre (CIAPC) launched a website designed to mimic TPB?s user interface to build a service that would direct users to legal download services.

The logo used is the same as the ship used by TPB, but the vessel is sinking.

Crucially, also stolen was part of TPB?s site code. And TPB isn?t happy.

"Stealing material like this on the internet is a threat to economies worldwide,? it said in a (presumably ironic?) statement. ?We will sue for copyright infringement."

CIAPC, however, welcomes any possible legal action, saying: "It is good if the people behind Pirate Bay identify themselves and the elements appear in their own name."

Source: http://www.mcvuk.com/news/read/the-pirate-bay-suing-rival-for-copyright-infringement/0111041

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