T.O.O.B. omni-directional digital dome screen

Thursday, August 27, 2009

T.O.O.B. omni-directional digital dome screen

The T.O.O.B. omni-directional digital dome screen will definitely revise how entertainment is played out, as it helps bring the big screen 3D experience right into the middle of your living room thanks to animator and inventor Alexander Marten McDonnell. that home dome screen will target cinephiles, gamers and technology enthusiasts who want to indulge themselves with a small luxury in an immersive environment without having to dip fingers into their kids’ college funds. The home screen measures 3′ x 6′ x 3′ and can be customized to fit into any room, retailing for $1,440 a pop although there is an option to rent these as well.

READ MORE - T.O.O.B. omni-directional digital dome screen

Reports: Gillispie arrested for DUI

Former Kentucky men's basketball coach Billy Gillispie was arrested early Thursday morning on a DUI charge, multiple media outlets in Kentucky are reporting.

Gillispie, who was driving a 2009 white Mercedes, was pulled over around 2:45 a.m. ET in Kentucky. He refused to take a breathalyzer or blood alcohol test, WLEX-TV in Lexington is reporting.

Gillispie, 50, reportedly told police that he and his passenger, Brian O'Connor, were returning from a golfing trip. O'Conner, 42, was reportedly charged with public intoxication.

It is the third time that Gillispie has been arrested on alcohol-related driving charges. However, in one case the charge was dismissed and in the other he pleaded guilty to a lesser charge, reckless driving.

Gillispie sued the University of Kentucky Athletics Association in federal court in Dallas on May 27, claiming fraud and breach of contract. Gillispie claims the school never intended to sign him to a long-term deal. The school has denied the allegations. He is seeking at least $6 million -- about $1.5 million per year for four of the five years he says were left on his agreement.

The University of Kentucky countersued Gillispie, claiming it doesn't owe him pay because he never signed a contract.

UK's lawyers are asking the court to rule that the two-page memorandum of understanding Gillispie signed after his hiring in 2007 was not the equivalent of a full contract.

The athletics association has asked a federal judge in Texas either to dismiss Gillispie's lawsuit over his firing or to move the case to Kentucky. In a motion filed in federal court, the association's attorneys say the school has minimum contact with the state of Texas, giving the court there no jurisdiction to hear Gillispie's claims.

The association's attorneys also claim the University of Kentucky, not the athletics association, hired Gillispie and paid him.

Gillispie went 40-27 in two seasons with the Wildcats, including a 22-14 mark last season that tied for the second-most losses in the program's 106-year history. A stumble down the stretch left the Wildcats out of the NCAA tournament for the first time since 1991.

Information from The Associated Press was used in this report.

READ MORE - Reports: Gillispie arrested for DUI

UPDATE 3-Bank of China sees loan rate slowing in H2

* Q2 net profit 22.55 bln yuan, beating forecasts

* Interest margin narrows to 2.04 pct from 2.72 pct yr ago

* Bank upbeat on China's economy

(Adds comments from media briefing)

By Michael Wei and Clare Jim

BEIJING/HONG KONG, Aug 27 (Reuters) - Bank of China (3988.HK), the country's biggest foreign-exchange lender, expects to scale back lending in the coming months as Beijing moves to stem a break-neck increase in liquidity fuelled by a massive economic stimulus programme.

Bank of China (601988.SS) President Li Lihui said the pace of lending was likely to be slowed in the second half of the year "by a relatively big amount," after a surge in loans helped second-quarter earnings beat analysts' forecasts.

He added demand for credit was likely to be lower in the second half, and that his bank's loan growth for all of 2009 was expected to beat the industry average.

Li's comments came as further evidence that lending growth could slow sharply after hitting a record 7.4 trillion yuan ($1.08 trillion) in the first half, potentially adding to worries about the strength of China's economic recovery.

A likely end to an unprecedented lending surge that sustained the world's third-largest economy in the first half of the year may slow income growth at banks but will also reduce the level of bad-loan accumulation.

RAISING CAPITAL

Li said that his bank was also studying plans to raise capital, including potentially issuing subordinated bonds.

"We will study all options in the plan in a balanced way to decide the fund-raising channel which will be in the best interest of the Bank of China," Li said.

Despite the cautious note on loans, Bank of China on Thursday sounded an upbeat note on prospects for China's economy through to the end of the year.

"As China's economy is currently experiencing a critical period of stabilisation and recovery. The government will continue with its macroeconomic policies of maintaining a proactive fiscal and moderately relaxed monetary policy with a view to building up the economic base for further recovery," it said in a statement. Continued...

READ MORE - UPDATE 3-Bank of China sees loan rate slowing in H2

Decline in air traffic slowed in July: IATA But ticket prices continue to drop on aggressive promotions

LONDON (MarketWatch) -- The decline in global airline traffic slowed in July, but ticket prices showed no improvement despite capacity cuts, leading a global industry body to caution that the recovery will be both "slow and volatile."

Scheduled passenger traffic fell 2.9% in July from a year earlier, the International Air Transport Association said Thursday. It was an improvement over the 7.2% drop recorded in June and the 6.8% decline seen over the first seven months of the year.

Fares, however, continued to fall, despite airlines having greatly reduced capacity in the past few months in an effort to protect their load factors and profitability.

"Demand may look better, but the bottom line has not improved. We have seen little change to the unprecedented fall in yields and revenues," IATA Chief Executive Giovanni Bisignani said in a statement.

He cautioned that the months ahead were uncertain, in particular the price of oil, which has been creeping back up along with the first signs of a global economic recovery.

Bisignani, who said the industry remains "in intensive care," still expects any recovery to be "both slow and volatile".

The comments may dampen the optimism of investors recently cheered by statements from British Airways /quotes/comstock/23s!a:bay (UK:BAY 188.40, -3.30, -1.72%) and Air France-KLM /quotes/comstock/23r!paf (FR:AF 10.85, -0.01, -0.05%) two of Europe's largest airline, suggesting demand had recovered a bit over the summer.

Looking at individual regions, July traffic fell roughly 3% in both North America and Western Europe, but IATA warned the improvement was more the result of "deep discounting" than stronger incomes or greater economic confidence.

In the Asia Pacific region passenger traffic dropped 7.6% in July, which was still a notable improvement from the 14.5% collapse witnessed in June. The recovery was helped by the return of economic growth to a larger extent than anywhere else in the world.

In Latin America traffic fell 3.5%. The Middle East remained the only region to show growth with a 13.2% increase.

The global freight market, meanwhile, fell 11.3% in July, an improvement from the 16.5% drop in June. All regions showed an improvement except Africa, as companies started replenishing their inventories.

"Once inventories are at desired levels in relation to sales, improvements in demand will level off until business and consumer confidence returns," Bisignani warned.

Aude Lagorce is a senior correspondent for MarketWatch in London.

READ MORE - Decline in air traffic slowed in July: IATA But ticket prices continue to drop on aggressive promotions

August tied for deadliest month in Afghanistan

KABUL — A U.S. service member died Thursday in a militant attack involving a roadside bomb and gunfire, a death that pushed August into a tie with July as the deadliest months of the eight-year war.

The death brings to 44 the number of U.S. troops who have died in Afghanistan this month. But with four days left in the month, August could set a new record.

More than 60,000 U.S. troops are now in the country — a record number — to combat rising insurgent violence. The number of roadside bombs deployed by militants across the country has skyrocketed, and U.S. forces have moved into new and deadlier areas of the country this summer, in part to help secure the country's Aug. 20 presidential election.

Violence is on the rise in Afghanistan even as it falls in Iraq, where nearly twice as many U.S. troops are still based. Five U.S. troops have died in Iraq this month, three fewer than in July.

A statement from the NATO-led force in Kabul said the U.S. service member died in southern Afghanistan when the troop's patrol responded to the bombing and gunfire attack. No other details were released. Thousands of new American troops are operating for the first time in Helmand and Kandahar, two of the country's most dangerous provinces, in part to secure the country's Aug. 20 presidential vote.

Afghan election officials have released two batches of vote tallies that show President Hamid Karzai with 44.8 percent of the vote and top challenger Abdullah Abdullah with 35.1 percent, based on returns from 17 percent of polling stations. The next partial results are expected Saturday.

Meanwhile, U.S. and Afghan forces battled Taliban militants at a medical center in eastern Afghanistan after a Taliban commander sought treatment there, and a U.S. helicopter gunship fired on the clinic after militants put up resistance.

Reports of the militant death toll from Wednesday's firefight varied widely. The spokesman of the governor of Paktika province said 12 militants died, while police said two were killed. The U.S. military did not report any deaths. It wasn't clear why the tolls differed.

The fighting began after a wounded Taliban commander sought treatment at a clinic in the Sar Hawza district of Paktika. Afghan forces went to the center and got in a firefight with militants. U.S. forces later provided backup.

Hamidullah Zhwak, the governor's spokesman, said the Taliban commander was wounded Aug. 20, election day. Militants brought him and three other wounded Taliban to the clinic at noon Wednesday. Afghan forces were tipped off to their presence and soon arrived at the scene, he said.

Insurgent snipers fired from a tower near the clinic, and troops called in an airstrike from U.S. forces, Zhwak said. Fighting between some 20 militants and Afghan and U.S. forces lasted about five hours, and 12 Taliban were killed in the clash, he said.

"After ensuring the clinic was cleared of civilians, an AH-64 Apache helicopter fired rounds at the building ending the direct threat and injuring the targeted insurgent in the building," a U.S. military statement said.

A U.S. military spokeswoman, Lt. Cmdr. Christine Sidenstricker, said the clinic's doctor gave U.S. troops permission to fire on the clinic. After the battle, Afghan and U.S. forces met with villagers and discussed rebuilding the clinic, a U.S. summary of the meeting said.

Villagers expressed "disgust" that militants used the medical center to fire from and that they understood that the action by Afghan and coalition forces was necessary, the summary said.

"The local villagers thanked the Afghanistan National Security Forces for ensuring all civilians were out of harms way before they were forced to use Coalition helicopters to engage the enemy," the summary said.

Seven insurgents — including the wounded commander — had been detained, the U.S. statement said.

Gen. Dawlat Khan, the provincial police chief, said two militants died in the encounter.

The Taliban have gained control of large segments of Afghanistan's south and east over the past few years, prompting the U.S. to send an additional 21,000 troops to the country this year.

The latest clash comes as the war-torn country awaits results from last week's election. The lengthy vote count, coupled with ongoing accusations of fraud, threatens to undermine hopes that Afghans can put together a united front against the insurgency.

READ MORE - August tied for deadliest month in Afghanistan

Tropical Storm Strengthens, May Brush Long Island, New England

By Alex Morales

Aug. 27 (Bloomberg) -- Tropical Storm Danny strengthened and may brush Long Island and New England as a hurricane on a path for landfall in Canada at the weekend.

Danny’s maximum sustained winds intensified to 60 miles (95 kilometers) per hour from 50 mph late yesterday, the National Hurricane Center said on its Web site at about 4:45 a.m. Miami time. The system was 370 miles east-northeast of the Bahamian capital, Nassau, and heading northwest at 10 mph.

“Slow strengthening is forecast during the next couple of Days,” the center said. “Interests from the Carolinas northward to New England should monitor the progress of Danny.”

The center’s five-day forecast shows Danny strengthening on a northward track that may see the storm pass near the Carolinas late tomorrow and New York, Connecticut, Rhode Island and Massachusetts on Aug. 29, before hitting Canada in the area of Nova Scotia and New Brunswick late that day or early on Aug. 30.

Danny, the fourth named storm of the June 1 to Nov. 30 Atlantic hurricane season, is forecast to become a hurricane, with winds of at least 74 mph, late tomorrow or early Aug. 28.

The eye of the storm, which the hurricane center yesterday described as “disorganized,” formed again today “a little farther to the north,” the forecaster said. The latest position east of the Bahamas is also about 575 miles south-southeast of Cape Hatteras, North Carolina. Tropical storm-force winds of at least 39 mph extend up to 205 miles from the eye, and Danny is forecast to turn toward the north and accelerate tomorrow.

Danny would be the second cyclone to hit Canada this season, after Hurricane Bill on Aug. 23 and 24 brushed past Nova Scotia before hitting Newfoundland.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net.

READ MORE - Tropical Storm Strengthens, May Brush Long Island, New England

Cambodian banking sector could be affected by the worldwide financial crisis

Tal Nai Im (C), director general of the National Bank of Cambodia (Photo: Sovannara, RFI)

August 26, 2009

By Ly Meng Huor
Radio France Internationale
Translated from Khmer by Socheata


Mrs. Tal Nai Im, director general of the National Bank of Cambodia (NBC), expressed worries that, if the world financial crisis persists, its secondary effect will have a negative impact on the Cambodian bank sector. During the recent period of financial crisis, Cambodian banks were not directly affected.

Impact of the worldwide financial crisis on the banking sector in Cambodia and future prediction were two topics of discussion raised by Mrs. Tal Nai Im, NBC director general, during a roundtable discussion organized by the Club of Cambodian Journalists. Tal Nai Im indicated that the secondary effect of the financial crisis could have a negative impact on the banking sector in Cambodia because of the increasing amount of stagnant loans, i.e. bank loan borrowers during the financial crisis period do not have the ability to pay back their loans to the bank because of the stagnation of their businesses, and the loans borrowed to build houses or buy lands could not be returned to the banks either. Tal Nai Im added that the stagnant loan funds increased from 3.7% in December 2008 to 5.2% in May 2009.

Currently, Cambodia has 35 banks and 45 financial institutions that are under the supervision and review of the NBC. There are currently 820,284 bank loan borrowers, i.e. 6% of the 14 million population of Cambodia. The amount of bank deposits is $2.9 billion, and the amount of loans is $2.4 billion.

At the explosion of the financial crisis at the end of 2008, Cambodian banks were not seriously affected. However, Tal Nai Im indicated that the worldwide financial crisis caused a drop in garment export, tourism, construction, as well a drop in real estate prices in Cambodia.
READ MORE - Cambodian banking sector could be affected by the worldwide financial crisis

Dams menace Mekong River life

Cambodian locals rely on the Mekong River to survive. Picture: GLENN DANIELS

27 Aug 09
by Helen Jacobs

PLANS to build a series of dams on the largest river in South-East Asia are threatening to destroy the livelihoods of millions of people in Cambodia and surrounding nations.

The Mekong River flows through the developing country, providing much of the food and nutritional needs of a population estimated at more than 14 million.

Most live a traditional lifestyle, relying on the river to grow their rice crops, and taking fish from the river - one of the world’s largest inland fisheries - for food.

But if plans by the Cambodian, Thai and Laotian governments to dam the river go ahead, these rural communities could find it difficult to survive.

Footscray resident and Leader photographer Glenn Daniels recently made a journey up the Mekong with international aid organisations Oxfam and Manna Gum as part of a campaign to save the river for the millions of people who rely on it.

“The aim of our journey was to document the livelihoods of people who live on the islands along the Mekong and how they’ll be affected if a dam is built,” Mr Daniels said.

Through his skills with a camera, Mr Daniels is hoping to alert Australians to the plight of these people.

His photos will be shown next year in Melbourne.

It was a highly unjust situation that the people found themselves in, Mr Daniels said.

“The first notification that these people had of the dam proposal was some Chinese officials surveying the land,” he said.

“There have been no talks of compensation ... for the relocation of families.”

Spending time with the villagers, sharing meals with them, observing their daily work patterns and watching children play gave Mr Daniels some insight into a lifestyle far removed from suburban life in Melbourne’s West.

“Most of the people we saw or interviewed technically live on less than $1 a day,” Mr Daniels said.

“In monetary terms they are extremely poor, but they grow their own rice, raise pigs, and they work together, along with taking all the fish that they need from the Mekong, and the family buffalo is like their bank account.

“The value of all that is far more than $1 a day.

“If they are forced to move they most likely won’t be able to farm the land any more. They will have to move to the cities, where, if they’re very lucky, they might earn more than $1 a day, but their expenses will also greatly increase so they would probably find it much harder to survive.”

Mr Daniels learnt a lot about a rich and diverse culture from “friendly and gentle people”, along with seeing the impact organisations such as Oxfam have had, including establishing schools, providing clean water and immunisations for animals.

“If these dams go ahead, they will make all the work that Oxfam has put in for these people a waste of time, it will threaten the diversity and health of one of the planet’s most important river systems, and most importantly it will destroy the lifestyles of millions of people,” Mr Daniels said.
READ MORE - Dams menace Mekong River life

Taiwan's government approves visit by Dalai Lama

FILE-In this file photo taken on April 7, 2001, The Dalai Lama smiles during a press conference before he leaving Taiwan, in Taipei, Taiwan. Taiwan's President Ma Ying-jeou risked angering China with his surprise announcement Thursday, Aug. 27, 2009, that he has agreed to let the Dalai Lama visit the island to comfort survivors of a devastating typhoon.(AP Photo/Chiang Ying-ying, File)

By ANNIE HUANG, Associated Press Writer

TAIPEI, Taiwan – Taiwan's president risked angering China with his surprise announcement Thursday that he has agreed to let the Dalai Lama visit the island to comfort survivors of a devastating typhoon.

President Ma Ying-jeou's move was unexpected because he has made a priority of seeking better relations with China, and just last December nixed plans for a visit by the Buddhist spiritual leader in what was deemed a move to placate Beijing.

But his government has come under fire over its slow response to Typhoon Morakot, which claimed 670 lives when it hit Aug. 8-9, and opposition politicians in the storm zone pointedly invited the Tibetan spiritual leader to the island to console survivors.

The invitation put Ma into a bind — either risk angering China, or give further ammunition to the opposition, which accuses him of hewing Beijing's line. On Thursday, Ma gave his answer while visiting a school in Nantou County that was destroyed in mudslides triggered by the storm.

"The Dalai Lama could come to Taiwan to help rest the souls of the dead and also pray for the well-being of the survivors," he said.

There was no immediate comment from either China's Taiwan Affairs Office or Foreign Ministry.

Beijing considers the Dalai Lama a "splittist" for promoting autonomy in the Chinese region of Tibet, and opposes visits to foreign countries that raise his profile. Allowing him to visit Taiwan could undermine the rapidly improving relations between Beijing and Taipei, longtime rivals which are developing close business ties after decades of enmity.

China claims self-governing Taiwan as part of its territory, though they split amid civil war in 1949.

On Wednesday, leaders of seven municipalities hit by Morakot issued a joint statement inviting the Dalai Lama to visit storm victims from Aug. 31 to Sept. 4. The invitation from the leaders — all from the opposition Democratic Progressive Party — came as Ma faced criticism that he botched the government's response to the island's deadliest storm in 50 years.

The Dalai Lama — who has made three visits to the island over the past 12 years — has accepted the invitation "in principle," his spokesman Tenzin Takhla said Wednesday from Dharmsala, India, home to the Tibetan government-in-exile.

Since becoming president 15 months ago, Ma has reversed many of his predecessor's anti-China policies, tightening economic links across the 100-mile (160-kilometer) -wide Taiwan Strait and even speaking of a peace treaty with Beijing.

Presidential spokesman Wang Yu-chi said the Dalai Lama's upcoming visit would be strictly religious, with no political overtones.

"We welcome the Dalai Lama to come to Taiwan to take part in mass prayers," Wang told reporters. He said the visit was approved "for humanitarian and religious considerations ... and we believe it will not harm cross-Strait relations."

Wang declined to say if Ma would meet the Dalai Lama during his stay in Taiwan.

Ma's policy of seeking better relations with China contrasts sharply with the opposition DPP's strong support for formal independence for the island of 23 million people.

That stance infuriates Beijing, which has repeatedly warned that any move to make the Taiwan-China split permanent would lead to war.

Taiwan and Tibet share similar histories. Both are territories that Beijing believes should be under its rule. Despite a failed 1959 uprising that sent the Dalai Lama into exile, China controls Tibet and has refused the Tibetan religious leader's request for greater autonomy.
READ MORE - Taiwan's government approves visit by Dalai Lama

Review: Sleepwalking Through the Mekong - all weekend long at the Red Vic!


August 26

Sleepwalking Through the Mekong chronicles the journey of the band Dengue Fever as they travel through Cambodia playing their version of Cambodian rock tunes from the 60s and 70s. The viewer is treated to snippets of Cambodian culture, fun interactions between the band members, and panoramic views of the countryside.

As the film unfolds, it becomes clear that Sleepwalking Through the Mekong is more than a documentary about rock band Dengue Fever - it is a poignant celebration of Cambodian music and culture. The joy of the music created in Cambodia in the 60s and 70s is interwoven with the tragedy that cut it short - the Khmer Rouge. The film captures not only Dengue Fever's live shows in bars, schools, and festivals, but also people's reaction to hearing this music again. One interviewee who lived through the Khmer Rouge goes so far as to say it is good to hear old songs being played because it has a healing effect.

Other moments in the film show the depth of the damage done by the Khmer Rouge. In one scene it is explained that most masters of different Cambodian arts and musical instruments were killed, meaning that Cambodia could lose most of its culture very soon.

Mixed in throughout Sleepwalking Through the Mekong are anecdotes and interviews with the band members that show the depth of this group's passion for the music they play. One of the most touching elements of the film is the way in which two vastly different cultures (Cambodian and American) are able to find common ground through the music of Dengue Fever.

This is not a film you want to miss out on - you can find a screening near you by going to the website for the film - ".Sleepwalking Through the Mekong.""

Or, if you're here in San Francisco you can see them all week long at the Red Vic:

Red Vic Movie House - Screenings of Sleepwalking Through the Mekong
August 30, 2:00, 4:00, 7:15, 9:15
August 29, 2:00, 4:00, 7:15, 9:15
August 28, 7:15, 9:15
August 27, 7:15, 9:15
1727 Haight Street
San Francisco, CA 94117
(415) 668-3994
READ MORE - Review: Sleepwalking Through the Mekong - all weekend long at the Red Vic!

 
 
 

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