Bernanke: Crisis taught lesson for central banks (AP)

WASHINGTON ? Federal Reserve Chairman Ben Bernanke says a key lesson learned from the 2008 financial crisis is that central banks must have a dual goal of controlling inflation while supporting the banking system.

During a speech Tuesday in Boston, Bernanke said the steps the Fed took during the crisis proved to be successful. The Fed lowered short-term interest rates to record lows and expanded its portfolio of Treasury and mortgage-backed securities to push long-term rates lower.

Bernanke also noted that the Fed helped calm markets by being more explicit about its interest rate policy. He said it's a trend that will increase in the future.

The Fed has been criticized by those who say keeping rates too low for too long could fuel higher inflation later.

In September, the Fed voted to shift $400 billion of its investments to try to lower long-term interest rates. That followed the Fed's announcement in August that it planned to keep short-term rates at record lows until at least mid-2013, assuming the economy remains weak.

Both steps were approved on 7-3 votes. That represented the highest level of dissent at the Fed in nearly 20 years.

Bernanke did not address the current state of the economy or possible future moves on interest rates during his speech at the Federal Reserve Bank of Boston. He also did not take questions from the audience.

He used an entrance to the building that was not near an Occupy Boston protest group that has been camped in Dewey Square, across the street from the Boston Fed.

Earlier this month, Bernanke told members of Congress that the economy "is close to faltering." He assured lawmakers that the central bank was prepared to take further steps to try to bolster economic growth.

Fed policymakers meet next on Nov. 1-2. Many economists expect the central bank to hold off on further action, allowing more time for the previously adopted steps to have an impact.

Minutes of the Sept. 20-21 meeting reflected the policymakers' uncertainty over why the economy is struggling to grow and create jobs more than two years after the recession has ended.

Some members said they favored taking bolder action to boost growth because the unemployment rate has been stuck at about 9 percent, according to minutes from the September meeting. But others have argued that the central bank has done all it can and that further action could increase the risk of inflation.

The three regional bank presidents who have oppose further action have argued any further moves by the central bank run the risk of making inflation worse when the economy does rebound.

In September, employers added 103,000 net jobs. While that was enough to ease recession fears, it's well below what's needed to lower the unemployment rate, which stayed at 9.1 percent for the third straight month. It takes about 125,000 jobs a month just to keep up with population growth.

Without more jobs and higher pay increases, consumers are likely to keep spending cautiously. Many have already cut back on spending in the face of steeper food and gas prices. Consumer spending accounts for 70 percent of economic activity.

___

Associated Press reporters Mark Jewell and Jay Lindsay contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111018/ap_on_bi_ge/us_bernanke

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Just Show Me: How to use the Notification Center on your iPhone or iPad (Yahoo! News)

Welcome to?Just Show Me on Tecca TV, where we show you tips and tricks for getting the most out of the?gadgets in your life. In today's episode we'll show you how to use the Notification Center on your iPhone or iPad once you've upgraded to?iOS 5.

The Notification Center allows you to quickly see all the alerts from your apps in one place, right at the top of the screen or in a popup notification. You'll want to be sure that the things appearing there are just what you want, and it's easy to configure when you follow our step by step video.

For more episodes of Just Show Me, subscribe to Tecca TV's You Tube channel and check out all our Just Show Me episodes. If you have any topics you'd like to see us cover, just drop us a line in the comments.

This article originally appeared on Tecca

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Source: http://us.rd.yahoo.com/dailynews/rss/personaltech/*http%3A//news.yahoo.com/s/yblog_technews/20111019/tc_yblog_technews/just-show-me-how-to-use-the-notification-center-on-your-iphone-or-ipad

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Video: Flooding in Thailand forces elephant evacuation?

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Source: http://www.msnbc.msn.com/id/21134540/vp/44946764#44946764

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AUTOMOTIVE - AUTOS: Special Mustang In Charity Auction

AUTOS: Special Mustang In Charity Auction

Only School Bus Yellow 2012 model, also fitted with Laguna Seca track equipment and signed by Parnelli Jones, to benefit Detroit health-care organization.

A one-of-a-kind 2012 Ford Mustang Boss 302 painted School Bus Yellow goes under the hammer Oct. 15 to raise money for the Henry Ford Health System, a non-profit health-care organization based in Detroit.

School Bus Yellow will be a 2013 color for the Boss 302 Mustang, but only one 2012 model (the one up for grabs) will be sprayed in this hue and striped in honor of racing legend Parnelli Jones, who has also signed the car. Like all Boss 302 Mustangs, it comes with a 5-liter V8, good for 444 horsepower and 380 pound-feet of torque, mated to a six-speed manual transmission.

It?s a Laguna Seca Edition as well, which means that the lucky winner gets a track-ready collectible complete with race compound tires, additional chassis bracing, stiffer rear springs and a more comprehensive aero package. Inside, there?s a unique gauge package and Recaro cloth sport seats, embroidered with the Boss 302 logo. What you won't get is a rear seat, since that's replaced by a cross brace in Laguna Seca Edition cars.

Bargain hunters need not apply since charity auction cars can fetch some truly astounding auction prices. A 2012 Boss 302 in Grabber Blue sold for charity at a recent Barrett-Jackson auction for $450,000, which should give you an idea of how much it will cost to own this example.

The live auction of this unique vehicle takes place at the Winner?s Circle Afterglow event at 8 p.m. (ET) on Oct. 15 at the Ford Motor Company Conference and Event Center in Dearborn, Michigan. Nationally known auctioneers Spanky and Amy Assiter, who are featured at Barrett-Jackson auctions, will be in attendance to run the auction.

Auction bidders need not be present but must register in advance to participate by phone. The registration fee for phone participants is $500, which is waived for Shelby Track Event or Winner's Circle Afterglow ticket purchasers.

For more about the sale, see the Henry Ford Health Systems website.

Source: http://automotive.speedtv.com/article/autos-special-mustang-in-charity-auction/

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Indy 500 winner Wheldon dies after massive wreck (AP)

LAS VEGAS ? Race car drivers always know the worst can happen whenever they get behind the wheel.

On Sunday, it happened to one of IndyCar's biggest and most popular stars.

Two-time Indianapolis 500 winner Dan Wheldon died after his car became ensnared in a fiery 15-car pileup, flew over another vehicle and hit the catch fence just outside turn 2 in a season-ending race at Las Vegas Motor Speedway.

"Things happen in this kind of racing," said Wade Cunningham, also caught up in the wreck. "It's so close. Not much room for error. I was near the front of what caused all this, so I'm not thrilled about it. At this point, whose fault it was is kind of immaterial."

The green flag had barely stopped waving when disaster struck.

Wheldon, driving from the back of the field for a chance at $5 million, was in the middle of the pack when he drove into a tangle of cars careening off each other in every direction.

Unable to avoid the massive wreck unfolding before him, Wheldon clipped another car and went hurtling through the air, his car bursting into flames as it flew into a fence.

After just 11 laps, the race was over. Two hours later, track officials announced that Wheldon was dead. The Englishman was 33.

"One minute you're joking around at driver intros and the next, Dan's gone," said Dario Franchitti, whose wife, actress Ashley Judd, had to bring him a box of tissues. "I lost, we lost, a good friend. Everybody in the IndyCar series considered him a friend. He was such a good guy. He was a charmer."

With the speed ? close to 225 mph during practice ? and a crowded 34-car field, a big worry was aggressive driving early in the 200-lap race.

Chaos started when two cars touched tires and almost no one had time to react.

Within seconds, several cars burst into flames and debris covered the track nearly halfway up the straightaway. Some points of impact were so devastating workers had to patch holes in the asphalt.

Video replays showed Wheldon's car turning over as it went airborne and sailed into what's called the catch fence, which sits over a barrier designed to give a bit when cars make contact. Rescue workers were at Wheldon's car quickly, some furiously waving for more help to get to the scene.

"It's unfortunate that early on in the race they've got to be racing so close. ...," Team Penske owner Roger Penske said. "You always worry about those at these mile-and-a-halves at the speed and with this many cars."

Three other drivers, including championship contender Will Power, were hurt in the pileup.

Wheldon was airlifted from the track to University Medical Center; news of his death came from IndyCar CEO Randy Bernard:

"IndyCar is very sad to announce that Dan Wheldon has passed away from unsurvivable injuries," he said. "Our thoughts and prayers are with his family today. IndyCar, its drivers and owners, have decided to end the race."

In his honor, drivers, many sobbing openly, took part in a five-lap salute around the 1.5-mile oval as thousands of fans stood and cheered from the grandstand.

Also injured in the crash were JR Hildebrand and Pippa Mann. Both will remain in the hospital overnight. IndyCar said Mann was being treated for a burn to her right pinkie finger and will be released Monday morning; Hildebrand was awake and alert but will be held overnight for further evaluation. Power was evaluated and released. An autopsy was planned Monday for Wheldon.

"I'll tell you, I've never seen anything like it," Ryan Briscoe said. "The debris we all had to drive through the lap later, it looked like a war scene from Terminator or something. I mean, there were just pieces of metal and car on fire in the middle of the track with no car attached to it and just debris everywhere. So it was scary, and your first thoughts are hoping that no one is hurt because there's just stuff everywhere. Crazy."

IndyCar has not had a fatality since Paul Dana was killed at Homestead in 2006, during a crash in a morning warmup. Wheldon won the race later that day.

The accident appeared to start when Cunningham's car swerved on the track and Hildebrand drove over the left rear of Cunningham's car. Hildebrand appeared to go airborne, and Cunningham's car shot up into the wall, setting off a chain reaction among the cars behind him.

Some of those cars slowed, others didn't, and others spun in front of Wheldon and Power. There was so much confusion on the track it was hard to tell who was driving what car.

Power appeared to fly over Alex Lloyd's car, rolling into the catch fence and landing on its right side. His in-car camera showed one of the front tires coming toward him in the cockpit.

Wheldon then appeared to drive over a car driven by Paul Tracy, who seemed to be slowing down. Wheldon, however, went airborne and spun into the fence.

"It was like a movie scene which they try to make as gnarly as possible," said Danica Patrick, making her final IndyCar start. "It was debris everywhere across the whole track. You could smell the smoke. You could see the billowing smoke on the back straight from the car. There was a chunk of fire that we were driving around. You could see cars scattered."

Wheldon, who came to the United States from England in 1999, won 16 times in his IndyCar career and was the series champion in 2005.

Despite winning this year's Indy 500, Wheldon couldn't put together a full-time ride this season. He landed in the Las Vegas race thanks to Bernard's promise of $5 million to any moonlighting driver who could win the IndyCar season finale at Vegas. Although there were no takers, Bernard refused to scrap the idea and Wheldon was declared eligible for the prize, which would have been split with a fan.

Asked about speed after the crash, Wheldon's former boss Chip Ganassi said, "There'll be plenty of time in the offseason to talk about that. Now is not the time to talk about that."

And Franchitti said: "I agree. We'll discuss that and sort it out."

But driver Oriol Servia didn't mince words: "We all had a bad feeling about this place in particular just because of the high banking and how easy it was to go flat. And if you give us the opportunity, we are drivers and we try to go to the front. We race each other hard because that's what we do," he said. "We knew if could happen, but it's just really sad."

Wheldon had been providing blog posts for USA Today in the days leading up to the Las Vegas race, and in one posted Saturday to the newspaper's website he spoke of how he expected Sunday to be "pure entertainment."

"This is going to be an amazing show," Wheldon wrote. "The two championship contenders, Dario Franchitti and Will Power, are starting right next to each other in the middle of the grid. Honestly, if I can be fast enough early in the race to be able to get up there and latch onto those two, it will be pure entertainment. It's going to be a pack race, and you never know how that's going to turn out."

The accident spoiled what Bernard had hoped would be a showcase event for the struggling IndyCar Series.

The second-year CEO worked the entire season on turning the finale into a spectacle, and said he would offer his resignation to the IndyCar board of directors if ABC's broadcast didn't pull a .8 ranking. His goal was to improve upon last year's season finale's horrible television rating and give the series some momentum for a strong season in 2013 with the introduction of a new car and new manufacturers.

So Bernard poured everything into Las Vegas, renting the speedway from owner Bruton Smith and agreeing to promote the event himself. He landed enough sponsorship to at least break even on race, and the $5 million challenge bought him an enormous amount of publicity the entire year.

Bernard got the Las Vegas Strip to close to stage a parade of cars, hosted industry parties and a blackjack tournament all to boost interest in the race. He even got MGM Grand Resorts to offer a pair of tickets to anyone staying this weekend in one of the chain's 14 properties.

But what was hoped to be a day of celebration quickly turned somber.

When drivers returned to the track for the tribute laps, Wheldon's No. 77 was the only one on the towering scoreboard. Franchitti sobbed uncontrollably as he got back into his car for the memorial ride. The sound of "Danny Boy" echoed around the track, followed by "Amazing Grace." Hundreds of crew workers and representatives from each team stood at attention in honor of Wheldon.

"What can you say? We're going to miss him," Ganassi said. "Everybody in IndyCar died a little today."

___

AP Writer Ken Ritter in Las Vegas, AP Auto Racing Writer Jenna Fryer in Charlotte and AP Sports Writer Tim Reynolds in Miami contributed to this report.

Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http%3A//news.yahoo.com/s/ap/20111017/ap_on_sp_au_ra_ne/car_indycar_las_vegas_massive_wreck

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Google jumps as investors cheer mobile growth (Reuters)

SAN FRANCISCO (Reuters) ? Google Inc's free Android smartphone software, already a big hit with consumers, is starting to win the hearts of investors.

The world's No. 1 Internet search company offered a peek at its mobile business during quarterly results on Thursday, revealing that the business was generating revenue at an annual run rate of $2.5 billion, up from $1 billion last year.

That helped Google sail past third-quarter financial targets set by analysts, sending its shares up nearly 6 percent to $591.68 on Friday and easing some of Wall Street's concerns that mobile returns might not justify the investment.

"People just haven't given them any credit for that division. I think it could be a huge part of the overall company," said Pat Adams, portfolio manager at the Dunham Loss Averse Growth Fund, which owns Google shares.

"There are so many more mobile devices out there than there are PCs," Adams said. "What they did was brilliant to give that operating system away to get the search part of it," he added.

Google lets phone makers such as Samsung Electronics, LG Electronics and HTC Corp use its Android software for free, banking on consumers using those phones to visit Google's advertising-supported website to search for information.

The booming popularity of smartphones has frustrated many of the established giants of the computer industry, from Microsoft Corp to Hewlett-Packard Co.

For Google, whose business is built upon people using its search engine, making the transition from the personal computers to mobile devices is crucial.

The company has stepped up investments in its mobile business, which competes with iPhone-maker Apple Inc. Google's Android mobile software -- already the world's most-used smartphone platform -- powers 190 million devices, up from 135 million in mid-July.

The explosion of Android devices, as well as the availability of Google search on Apple's iPhones, has made Google even more dominant in mobile search than on the desktop PC, according to JP Morgan analyst Doug Anmuth who pegged Google's mobile search market share at 90 percent.

That strong position accounts for the sharp, 28 percent uptick in paid clicks on search ads that Google experienced during the third quarter, Anmuth said in a note to investors.

Those ads appear to command lower rates than PC search ads, analysts noted. But some analysts said they expect that to change over time, especially as Google creates new forms of advertising that take advantage of a user's location.

Mobile advertising sales is but one component of what analysts believe could be a broader wireless opportunity for Google. The company has begun offering coupon deals, and could make money through retailer loyalty programs and its recently launched Google Wallet, a free service which allows shoppers to use their mobile phones to pay for purchases.

MOTOROLA BET

More concerning for some investors is Google's plan to acquire mobile phone maker Motorola Mobility Holdings for $12.5 billion.

The deal will give Google access to one of the largest patent libraries in the wireless industry, as well as hardware manufacturing operations that will allow it to develop its own line of smartphones.

But some worry that Google is entering a low-margin hardware business in which it has no experience, and that the move could jeopardize its relationships with other phone makers that use Android.

BGC Partners analyst Colin Gillis said he did not think Google's increase in mobile ad revenue would make investors feel any better about the Motorola deal, which is expected to close this year or early in 2012.

"You could argue the Motorola deal puts some of that revenue at risk," he said, noting that some current Android phone makers might see Google as a competitor once it acquires Motorola and reduce their support for Google products. Google has said it plans to operate Motorola as a separate business.

Gillis also noted that the $2.5 billion annual run rate in Google's mobile business, while impressive, remains less than 10 percent of the company's overall revenue.

And he added that Google may not necessarily have based the $2.5 billion run rate on one quarter's worth of revenue, which would have suggested that Google made $625 million in mobile revenue in the third quarter.

"They probably took the last month and multiplied it by 12. It could be the last day," he noted. "We have no idea what that number really is."

Whatever the number though, Google's mobile revenue is clearly growing quickly, and for many on Wall Street, that's good enough for now. Many brokerages raised their price targets on Google on Friday, some by as much as 10 percent.

"We think mobile is near a massive volume inflection point," wrote Susquehanna Financial Group analyst Herman Leung in a note to investors on Friday.

"At these growth rates, we think mobile revenue could be larger than display (advertising revenue) by 2012."

(Reporting by Alexei Oreskovic; Additional reporting by Sayantani Ghosh, Tenzin Pema and Rachana Khanzode in Bangalore; Editing by Richard Chang)

Source: http://us.rd.yahoo.com/dailynews/rss/internet/*http%3A//news.yahoo.com/s/nm/20111014/tc_nm/us_google

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(AP)

Islam is not a religion nor is it a cult. It is a complete system.
Islam has religious, legal, political, economic and military components. The religious component is a beard for all the other components.

Islamization occurs when there are sufficient Muslims in a country to agitate for their so-called ?religious rights.?
When politically correct and culturally diverse societies agree to ?the reasonable? Muslim demands for their ?religious rights,? they also get the other components under the table. Here?s how it works (percentages source CIA: The World Fact Book (2007)).
As long as the Muslim population remains around 1% of any given country they will be regarded as a peace-loving minority and not as a threat to anyone. In fact, they may be featured in articles and films, stereotyped for their colorful uniqueness:

United States ? Muslim 1.0%
Australia ? Muslim 1.5%
Canada ? Muslim 1.9%
China ? Muslim 1%-2%
Italy ? Muslim 1.5%
Norway ? Muslim 1.8%

At 2% and 3% they begin to proselytize from other ethnic minorities and disaffected groups with major recruiting from the jails and among street gangs:

Denmark ? Muslim 2%
Germany ? Muslim 3.7%
United Kingdom ? Muslim 2.7%
Spain ? Muslim 4%
Thailand ? Muslim 4.6%

From 5% on they exercise an inordinate influence in proportion to their percentage of the population.
They will push for the introduction of halal (clean by Islamic standards) food, thereby securing food preparation jobs for Muslims. They will increase pressure on supermarket chains to feature it on their shelves ? along with threats for failure to comply. ( United States ).

France ? Muslim 8%
Philippines ? Muslim 5%
Sweden ? Muslim 5%
Switzerland ? Muslim 4.3%
The Netherlands ? Muslim 5.5%
Trinidad &Tobago ? Muslim 5.8%

At this point, they will work to get the ruling government to allow them to rule themselves under Sharia, the Islamic Law. The ultimate goal of Islam is not to convert the world but to establish Sharia law over the entire world.
When Muslims reach 10% of the population, they will increase lawlessness as a means of complaint about their conditions ( Paris ?car-burnings). Any non-Muslim action that offends Islam will result in uprisings and threats ( Amsterdam ? Mohammed cartoons).

Guyana ? Muslim 10%
India ? Muslim 13.4%
Israel ? Muslim 16%
Kenya ? Muslim 10%
Russia ? Muslim 10-15%

After reaching 20% expect hair-trigger rioting, jihad militia formations, sporadic killings and church and synagogue burning:
Ethiopia ? Muslim 32.8%

At 40% you will find widespread massacres, chronic terror attacks and ongoing militia warfare:

Bosnia ? Muslim 40%
Chad ? Muslim 53.1%
Lebanon ? Muslim 59.7%

From 60% you may expect unfettered persecution of non-believers and other religions, sporadic ethnic cleansing (genocide), use of Sharia Law as a weapon and Jizya, the tax placed on infidels:

Albania ? Muslim 70%
Malaysia ? Muslim 60.4%
Qatar ? Muslim 77.5%
Sudan ? Muslim 70%

After 80% expect State run ethnic cleansing and genocide:

Bangladesh ? Muslim 83%
Egypt ? Muslim 90%
Gaza ? Muslim 98.7%
Indonesia ? Muslim 86.1%
Iran ? Muslim 98%
Iraq ? Muslim 97%
Jordan ? Muslim 92%
Morocco ? Muslim 98.7%
Pakistan ? Muslim 97%
Palestine ? Muslim 99%
Syria ? Muslim 90%
Tajikistan ? Muslim 90%
Turkey ? Muslim 99.8%
United Arab Emirates ? Muslim 96%

100% will usher in the peace of ?Dar-es-Salaam? ? the Islamic House of Peace ? there?s (supposed) to be peace because everybody is a Muslim: we know however that this isnt true is it...?

Afghanistan ? Muslim 100%
Saudi Arabia ? Muslim 100%
Somalia ? Muslim 100%
Yemen ? Muslim 99.9%

Of course, that?s not the case. To satisfy their religiously ordained blood lust, Muslims then start killing each other for a variety of reasons...and they are coming to a neighborhood near you...so keep thinking they are not going to harm you and they "accept" you.

Source: http://us.rd.yahoo.com/dailynews/rss/iraq/*http%3A//news.yahoo.com/s/ap/20111013/ap_on_re_mi_ea/ml_apnewsalert

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