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Source: http://www.970wfla.com/cc-common/news/sections/newsarticle.html?feed=124415&article=11442902
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WASHINGTON (AP) ? The U.S. economy grew at an annual rate of 1.8 percent in the first three months of the year, significantly slower than first thought. The steep revision was mostly because consumers spent less than previously estimated, a sign that higher taxes could be having a deeper impact on growth.
The Commerce Department revised its growth estimate for the January-March quarter down from a 2.4 percent annual rate. The revised rate was still faster than the 0.4 percent rate in the October-December quarter.
Economists had thought growth in the April-June quarter would be 2 percent or less, although the revision will likely change those estimates. They had also expected growth to strengthen in the second half of this year.
The Federal Reserve last week said that it would begin to slow its bond purchases later this year and end them next year if the economy continues to strengthen. The Fed's bond purchases have helped keep long-term interest rates low. The revision also may alter that plan, if growth stays weak.
The latest estimate was the government's third look at first-quarter growth. The bulk of the revision was because consumer spending was cut to an annual rate of 2.6 percent. That's sharply lower than the 3.4 percent rate estimated last month. Consumer spending accounts for 70 percent of economic activity.
Much of the change reflected a lower estimate for spending on services such as heat and electricity. Export growth was also trimmed as was investment spending by businesses in buildings.
An increase in Social Security taxes on Jan. 1 has reduced take-home pay for most Americans. A person earning $50,000 a year has roughly $1,000 less to spend, while a high-earning couple has less than $4,500.
Many economists had thought that the tax increase, along with steep government spending cuts, would start to affect consumers in the second quarter, which ends next week. But the revision suggests the tax increase may have hampered consumer spending a little earlier than thought.
Economists had predicted that growth would rebound to a rate of around 2.5 percent in the July-September quarter and to more than a 3 percent rate in the final three months of the year.
The Fed's latest economic projections are for growth of 2.3 percent to 2.6 percent this year. And it predicts that growth will accelerate next year to as much as 3.5 percent.
The latest reports have been encouraging. U.S. factories are fielding more orders. Home sales and prices are rising, signaling a stronger housing recovery. Spending at retail businesses rose in May. And employers added 175,000 jobs last month, which almost exactly matched the average increase of the previous 12 months.
Steady job growth has gradually reduced the unemployment rate to 7.6 percent from a peak of 10 percent in 2009. And it has lifted Americans' confidence in the economy to its highest point in 5? years.
Consumers' confidence in the economy is watched closely because their spending accounts for about 70 percent of U.S. economic activity.
Source: http://news.yahoo.com/us-economy-grows-slower-1-8-pct-rate-123936162.html
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Richard Matheson in 2000.
Richard Matheson, whose science-fiction stories enthralled many and were often turned into movies and television scripts, has died at his home in Calabasas, Calif., his family announced in a private Facebook post Monday.
The post was quoted by science fiction and fantasy publisher Tor Books. According to Tor, Matheson's daughter Ali Marie Matheson wrote, "My beloved father passed away yesterday at home surrounded by the people and things he loved?he was funny, brilliant, loving, generous, kind, creative, and the most wonderful father ever?I miss you and love you forever Pop and I know you are now happy and healthy in a beautiful place full of love and joy you always knew was there."
Matheson's 1954 novel, "I Am Legend," told the story of Robert Neville, the last survivor of a plague that turns humans into vampiric killers, and inspired numerous zombie and apocalyptic tales. It was made into three films -- 1964's "The Last Man on Earth," 1971's "The Omega Man," and 2007's "I Am Legend."
Director George A. Romero said on the DVD commentary for his 1968 zombie classic "Night of the Living Dead" that he "ripped off" Matheson's work to create his own film. In 2007, Matheson told Entertainment Weekly he didn't "harbor any animosity" towards Romero for the theft.
His stories may have had horrific plots and creatures, but they never veered too far from reality.
''I could never write Harry Potter,'' Matheson told the magazine at the time of the "I Am Legend" movie. ''I never did fantasies about trolls. I had to write about realistic circumstances.''
Matheson's short story, "Duel," based on a true incident where he was tailgated by a trucker, was published in Playboy magazine and became a critically acclaimed 1971 television movie. Matheson wrote the screenplay and Steven Spielberg directed the film.
Matheson also wrote numerous television episodes, including 16 "Twilight Zone" installments. His most famous was 1963's "Nightmare at 20,000 Feet," in which William Shatner can't convince an airplane crew that a gremlin is destroying the plane from the outside.
Matheson's books were endlessly appealing to moviemakers. His 1971 novel "Hell House" became a British horror film, "The Legend of Hell House," in 1973. His 1956 novel, "The Shrinking Man," was adapted into the 1957 film "The Incredible Shrinking Man" and its 1981 take-off "The Incredible Shrinking Woman." The 1999 Kevin Bacon film "Stir of Echoes" was loosely based on Matheson's 1958 novel of the same name.
And not everything he wrote was pure horror -- his 1978 novel "What Dreams May Come," about a man who dies, goes to heaven, and then rescues his wife from hell after she commits suicide, became a 1998 Robin Williams film that won an Oscar for visual effects. And his 1975 novel, "Bid Time Return," became the 1980 romance, "Somewhere in Time."
Matheson, who was inducted into the Science Fiction Hall of Fame in 2010, inspired many of the major names in science fiction, fantasy and horror writing. The 1995 reprint of "I Am Legend" featured praise from Ray Bradbury, "Psycho" author Robert Bloch, and Stephen King, who called Matheson "the author who influenced me the most as a writer." King's 2006 novel, "Cell," is dedicated to Matheson.
"Everything Richard Matheson wrote was brilliant, scary and fun," wrote NPR host Peter Sagal on Twitter. "And he essentially invented the zombie apocalypse."
Source: http://www.today.com/entertainment/richard-matheson-author-sci-fi-books-movies-dies-87-6C10435398
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Scott Weiland.
Former Stone Temple Pilots frontman Scott Weiland is officially a married man!
The rocker said "I do" to photographer girlfriend Jamie Wachtel Saturday night at their Los Angeles home, according to PEOPLE. "We had the most beautiful, heartfelt ceremony," Wachtel tells the mag.
The bride donned a vintage dress from Paper Bag Princess in Beverly Hills and the groom looked dapper in John Varvatos as they exchanged their Pade Vavra rings.
PHOTOS: Guess the celebrity engagement rings
The Wildabouts rocker first met his now wife back in 2011 while filming music videos for his Christmas album. Scott told Billboard last year he knew when he met Jamie he'd be falling in love with her.
While on the music video shoot, Jamie told him "to tuck in your belly a little bit." He laughs: "It was around the holidays-it was after Thanksgiving, and you know how that tends to be. I was kind of caught off guard, and I started laughing and she started laughing. And I don't know ... something magical happened."
She then gave the rocker a ride home when he "just thought, 'I have a feeling that I am going to fall in love with this woman.'"
Congrats to the happy couple!
Source: http://www.today.com/entertainment/scott-weiland-marries-girlfriend-jamie-wachtel-6C10423394
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The Dolphins gritted their teeth and celebrated the success of the local NBA franchise that makes the local NFL franchise even less relevant locally.? And nationally.
There will be more cops at Bills games this year.? (Fans would prefer more points.)
The University of Florida connection isn?t working out for the Patriots.
Get to know Jets S Josh Bush.
Browns S T.J. Ward likes Ray Horton?s aggressive style; ?It?s an attack style, all downhill. We?re really getting after the guys. That?s what I?m most excited about,? Ward said, proving that the point can be conveyed without using terms like ?kill? or ?hurt? or ?inflict mild bruising.?
The Ravens last 2013 draft pick, CB Marc Anthony, hopes to win a job with ?physicality and versatility.?
Former Steelers K Jeff Reed did a little bragging recently about his ownership of two Super Bowl rings.
Bengals single-game tickets go on sale June 29; pre-registration was required for visits from the Steelers and the Packers.
Texans WR Andre Johnson and S Ed Reed made it to the teens on NFL Network?s Top 100 countdown.
Colts DL Ricky Jean Francois still gets advice from Donald Heaven, who played OT at Florida State when Jean Francois arrived in 2002.
Titans G Chance Warmack is trying to stay positive as he makes the transition from college to the NFL.
The enhancements to the Jaguars stadium will start after the 2013 season and are expected to be ready by the start of the 2014 season.
Chargers FB Le?Ron McClain is holding a free football camp for kids in Alabama on Saturday.
Ditto for Chiefs RB Jamaal Charles, who started his fourth annual free camp for 175 kids on Friday in Texas.
Whatever Broncos WR Wes Welker got paid this week to talk repeatedly about his hair plugs, it wasn?t nearly enough.
When news broke that actor James Gandolfini has passed, some fans thought Raiders assistant Tony Sparano had died.
Cowboys QB Tony Romo didn?t earn a spot on NFLN?s Top 100 list, after coming in at No. 91 in 2012 and No. 72 in 2011.
The Associated Press style book would seem to suggest that any publication adhering to it should not use the term Redskins.
A New Jersey accountant who allegedly scammed the state out of nearly $700,000 in false unemployment claims used the money to buy, among other things, Giants season tickets.
Kyle Shurmur, the son of Eagles offensive coordinator Pat Shurmur, is 6-4 and slated to play quarterback for La Salle High School.
The Packers have reduced from nine night training-camp practices in 2012 to zero in 2013.
Retired Bears LB Brian Urlacher is playing a lot of golf; ?The first thing on my mind when I wake up isn?t working out anymore,? Urlacher said.? ?So that?s a good thing.?
Vikings CB Xavier Rhodes arrived at Florida State as a receiver, and when he was moved to defense he initially wanted to transfer.
LB Jon Morgan is trying to win a spot on the Lions roster as an undrafted free agent.
Saints WE Marques Colston is hosting a receivers camp on Saturday for kids 10 to 18 years old.
50 sacks may be a bit unrealistic, but Panthers LB Greg Hardy could be in for a big year.
A 150-year-old church in Atlanta wants $24.5 million to move from the footprint of the Change Purse; the city has offered $15.5 million.
The Buccaneers? ?Rookie Club? spent time this week with local kids in Tampa.
So how can players like 49ers WR Michael Crabtree recover so quickly from a torn Achilles tendon?
Cardinals running backs coach Stump Mitchell is helping rookie RB Stepfan Taylor catch up after missing the offseason program due to the ridiculous, outdated, and unfair rule that prevents first-year players from working until the students at the college the players no longer attend have taken their final exams.
Seahawks DE Michael Bennett told the Real Rob Report that he?s never seen a pace like the one at Seahawks practices.
35 first-year Rams stuck around for ?Rookie Week,? an up-close introduction to St. Louis.? (Which for most of them will be completely irrelevant by September.)
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The bow of the mine countermeasure ship Guardian is removed in March in the Sulu Sea, Philippines. The Guardian ran aground on the Tubbataha Reef in January.
U.S. Navy/Getty ImagesThe bow of the mine countermeasure ship Guardian is removed in March in the Sulu Sea, Philippines. The Guardian ran aground on the Tubbataha Reef in January.
U.S. Navy/Getty ImagesMany of the world's most accident-prone waters for shipping are also among the most delicate marine ecosystems, according to a new study released Friday by WWF International.
The fear of something like a major oil spill in environmentally sensitive waters comes as the number of vessels plying the world's oceans has risen 20 percent in the past 15 years, from 85,000 to 105,000, the report, released on World Oceans Day, says.
"Since 1999 there have been 293 shipping accidents in the South China Sea and East Indies, home of the Coral Triangle and 76 percent of the world's coral species," says Simon Walmsley, WWF International's marine manager. "As recently as April this year we've seen a Chinese fishing boat run aground on a protected coral reef in the Philippines that had already been damaged by a U.S. Navy ship in January."
The report says that general cargo vessels account for 40 percent of all ships lost at sea, and fishing boats for nearly a quarter.
The WWF warns:
"Climate change models show increased storm surges, changing wind and wave patterns and extreme weather events which are likely to exacerbate the risks of foundering leading to potential catastrophic environmental destruction. Fifty percent of all accidents are caused by foundering, where a boat sinks due to rough weather, leaks or breaking in two."
In a report issued by Allianz Global Corporate and Specialty Insurance earlier this year, the company concluded that while shipping accidents were up in the year before the study's issue, they were down 27 percent on a 10-year average.
"Despite this long-term downward trend, driven by technology, training and regulation and a proactive response from the shipping industry to safety improvement, human error remains the core challenge," Allianz said.
"For some commercial ship-owners, especially in the hard-pressed bulk cargo and tanker sectors, there is little money for maintenance and little money for training," it said.
WWF says that "as the global fleet continues to expand rapidly and begins to operate routinely in more risky areas, the probability of accidents and likely severity of impacts will again increase unless precautionary measures are put in place to address identifiable risk factors."
The environmental watchdog group says new ports are being built to transport coal from Australia, which would bring more traffic in the vicinity of the Great Barrier Reef, the world's largest coral reef system. It also warns about the dangers from shipping in the Arctic region.
Walmsley called for exposing "irresponsible and badly performing owners and countries ... in order to motivate them to significantly increase their standards."
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David Paul Morris/Bloomberg Technology company executive Josh Linton asserts that cloud computing is built upon virtualization.
Josh Linton, vice president of technology at VLCM, a provider of computer hardware and software to businesses in the Mountain West, says that computer virtualization is important to any organization, no matter its size.
What is computer virtualization?
It creates a virtual machine that performs as if it were an actual computer with its own dedicated operating system. Virtualization allows hardware, software and applications to run multiple workloads simultaneously on a single, physical computer. It enables us to wrap the three into a single file that can be moved from one server or device to another. For example, a computer running on Windows can host a virtual machine that looks like a computer with other apps or another operating system.
Is virtualization something everybody should be doing, or is it just for big businesses?
There is a place for virtualization in every organization. Five or six years ago, I wouldn?t have said this because of cost, but that?s just not the case anymore. Technology is developing so rapidly that the old way of tying an application to hardware is changing. Virtualization allows a business to have enterprise-class infrastructure at a reasonable cost. If people resist the change, they?ll fall further and further behind, and have more difficulties and more expense to catch up in the future.
Are there advantages to going virtual?
Two main ones, consolidation of hardware and increased reliability. In the past, if we had 10 applications, it required us to have 10 physical servers. Through virtualization, we can host those 10 on as little as two servers. In the past, if one of these servers failed, the application was unavailable until the hardware was replaced. With virtualization, if one of the two physical servers fails, the application is automatically restarted on the other physical server. Within minutes of a failure, you?re up and running again without replacing the failed hardware.
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Disadvantages?
With virtualization you?re adding complexity. If you?re a small business that has an employee acting as your IT person on the side, this may be a little too complicated for him or her to handle. It would require the expertise and assistance of a trained IT professional either in the form of a full-time employee or an IT consultant.
Does virtualization look like it will have staying power??
With technology, staying power is different than with other industries because it evolves so quickly and is constantly changing. That said, I don?t see any signs of the move toward virtualization slowing down. You hear a lot about cloud computing and cloud everything, but all of that is built upon virtualization. All technology evolves, but I think future advancements and innovation will revolve around and be built upon virtualization as we know it today.
? Tom Harvey
Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Source: http://www.sltrib.com/sltrib/money/56327601-79/virtualization-computer-hardware-technology.html.csp
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Michelle Obama isn't quite as tolerant of hecklers as her husband is, if a late Tuesday confrontation is any indication. Obama, speaking at a private fundraiser in?Northwest Washington, was interrupted by Ellen Sturtz, who wanted the First Lady to get the President to sign an executive order banning LGBT discrimination.
Source: http://news.yahoo.com/abi-samsung-tizen-become-no-5-mobile-os-030036670.html
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