Monday, April 29, 2013

Samsung Galaxy Tab 3 announced, joins the Android tablet line-up with a 7-inch screen

Samsung Galaxy Tab 3 announced, joins the Android tablet lineup with a 7inch screen


If an 8-inch stylus-enabled Galaxy Tablet wasn't your cup of tea, perhaps Samsung's new seven-inch model will hit your screen-size sweet spot. The Galaxy Tab 3 has gone official and the third iteration of the company's first Android tablet arrives with a dual-core 1.2GHz processor, 8GB or 16GB of storage (with expansion up to 64GB), a 3- and 1.3-megapixel camera array and a substantial 4,000mAh battery. That 7-inch WSVGA (1,024 x 600) TFT display suggests it's likely to be a keenly-priced slate, although we're still waiting to hear on specifics. Samsung's loaded up the Galaxy Tab 3 with Android 4.1 and says that the WiFi version will launch "globally" in May, while an incoming 3G model (no LTE at this point, but it'll be able to make calls) will follow in June.

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787 Dreamliner flies to Kenya from Ethiopia

KAMPALA, Uganda (AP) ? An official with Ethiopian Airlines says one of the company's Dreamliners is scheduled to fly from Ethiopia to Kenya's capital, the first commercial flight since air safety authorities grounded the passenger jets after incidents with smoldering batteries on two different planes in January.

The Boeing 787 passenger jet was scheduled to arrive in Nairobi from Addis Ababa on Saturday afternoon.

The U.S. Federal Aviation Administration has approved Boeing's redesigned battery system, which the company says sharply reduces the risk of fire.

A Boeing engineer told reporters in Nairobi this week that all potential causes of battery fire have been eliminated with the new system.

There are 50 Dreamliners in service around the world. Boeing said Wednesday that deliveries of the 787 should resume in early May.

Source: http://news.yahoo.com/787-dreamliner-flies-kenya-ethiopia-103257857.html

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Rambler Takes Home The Disrupt NY 2013 Hackathon Grand Prize, Learn To Drive And Radical Are Runners Up

IMG_7362The past 24 hours have just flown by for the hundreds of hackers here at the Disrupt NY Hackathon, but the sun is finally up and it’s time to pass judgment on their caffeine-fueled projects. As it turns out, there’s a ton of them here — with 164 registered projects this is our biggest Hackathon yet, and each presenter only had 60 seconds to wow our judges (not to mention the rest of the audience). As you might guess there was no shortage of amazing projects that came together in a single day, but our judges could only choose one team to take home our $5,000 grand prize. Anyway, that’s enough out of me — meet our newest Hackathon winner! Winner: Rambler Rambler, created by William Hockey, Zach Perret and Michael Kelly, is a web app that lets users view their credit and debit card transactions on a map. During the dev process, the team tapped the Foursquare API for locations and the Plaid API to access user spending data. Runner-up #1: Learn To Drive Learn To Drive, created by Jared Zoneraich, Jemma Issroff, Kenny Song, and Nicholas Joseph, is an app for the GM vehicle platform that acts as a virtual driving instructor by speaking driving instructions aloud and display driving statistics like miles driven, hours driven, and hours driven at night. Runner-up #2: Radical Radical, created by Sam Saccone, Carl Sednaoui, and Jeff Escalante, allows users to create attractive calendars and embed on webpages with a single line of code. These three teams will also demo their projects on the main Disrupt stage on Wednesday afternoon, but that’s not to say everyone else is going home empty-handed. Hackathon sponsors Appery.io, AT&T, CrunchBase, General Motors, Microsoft Bizspark, Microsoft Skydrive, NewAer, Pearson, Samsung, Twilio, Visa, Wrigley and Yammer have also graciously doled out prizes of their own for the most innovative and interesting uses of their APIs and services. And just who decided the fate of these sleep-deprived hackers? Our panel of judges includes Mahaya CEO Tarikh Korula, Path101 co-founder Charlie O?Donnell, founder/CEO of The Muse Kathryn Minshew, bit.ly chief?scientist?Hilary Mason, FuturePerfect Ventures founding partner Jalak Jobanputra, and TechStars NYC Managing Director David Tisch.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/Ugb3ZVF49D4/

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Saturday, April 27, 2013

Did Syria cross Obama's 'red line'?

WASHINGTON (AP) ? The White House declared Thursday that U.S. intelligence indicates Syrian President Bashar Assad has twice used deadly chemical weapons in his country's fierce civil war, a provocative action that would cross President Barack Obama's "red line" for a significant military response. But the administration said the revelation won't immediately change its stance on intervening.

The information, which has been known to the administration and some members of Congress for weeks, isn't solid enough to warrant quick U.S. involvement in the 2-year-old conflict, the White House said. Officials said the assessments were made with "varying degrees of confidence" given the difficulty of information gathering in Syria, though there appeared to be little question within the intelligence community.

As recently as Tuesday, when an Israeli general added to the growing chorus that Assad had used chemical weapons, White House spokesman Jay Carney said the administration was continuing to monitor and investigate but had "not come to the conclusion that there has been that use."

The Syrian civil war has persisted, with an estimated 70,000 dead. Obama has so far resisted pressure, both from Congress and from within his own administration, to arm the Syrian rebels or get involved militarily. He has, however, declared the use of chemical weapons a "game changer" that would have "enormous consequences."

The White House disclosed the new intelligence Thursday in letters to two senators, but had Defense Secretary Chuck Hagel announce it to reporters traveling with him in the United Arab Emirates. The letters were sent in response to questions from senators of both parties who are pressing for more U.S. involvement, and it marked the first time the administration has publicly disclosed evidence of chemical weapons use.

"Our intelligence community does assess, with varying degrees of confidence, that the Syrian regime has used chemical weapons on a small scale in Syria, specifically, the chemical agent sarin," the White House said in the letters, which were signed by Obama's legislative director, Miguel Rodriguez. He went on to write that "given the stakes involved," the U.S. was still seeking "credible and corroborated facts" before deciding how to proceed.

Two congressional officials said the administration has known for weeks ? and has briefed Congress ? that the CIA and other intelligence agencies have evidence of two incidents of sarin gas use.

A U.S. official said intelligence agencies have had indications of chemical weapons use since March and reached the conclusions made public Thursday about two weeks ago. The two incidents are believed to have occurred around March 19 in the Syrian city of Aleppo and suburbs of Damascus, the official said.

The officials commented only on condition of anonymity because they were not authorized to speak publicly by name.

The White House described the attacks as "small scale," but the full extent of the chemical weapons use and resulting casualties was not immediately known.

Even as Assad has ratcheted up the attacks on his own people, Obama has limited U.S. assistance to non-lethal aid, including military-style equipment such as body armor and night vision goggles. However, he has repeatedly said that the use of chemical weapons, or the transfer of the stockpiles to a terrorist organization, would change things.

"That's a red line for us," he said in August. "There would be enormous consequences if we start seeing movement on the chemical weapons front, or the use of chemical weapons. That would change my calculations significantly."

A senior defense official said the White House letters were not an "automatic trigger" for policy decisions on the use of military force. The official alluded to past instances of policy decisions that were based on what turned out to be flawed intelligence, such as the Bush administration's decision to invade Iraq after concluding that Saddam Hussein had weapons of mass destruction, including nuclear weapons.

Lawmakers from both parties sounded less than patient.

Sen. Dick Durbin of Illinois, a member of the Democratic leadership, was asked what should be done about Assad crossing the "red line." He said, "That's up to the commander in chief, but something has to be done."

And Sen. John McCain, R-Ariz., said, "I think it's pretty obvious that that red line has been crossed. Now I hope the administration will consider what we have been recommending now for over two years of this bloodletting and massacre and that is to provide a safe area for the opposition to operate, to establish a no-fly zone and provide weapons to people in the resistance who we trust."

Other lawmakers questioned whether a cautious U.S. response to the newly disclosed intelligence would only strengthen Assad's resolve to keep a grip on power.

"If Assad sees any equivocation on the red line, it will embolden his regime," said House Speaker John Boehner, R-Ohio.

The White House disclosure put the U.S. in line with Britain, France, Israel and Qatar, key allies who have cited evidence of chemical weapons use. The four countries have also been pressing for a more robust response to the conflict.

U.S. commanders have laid out a range of possible options for military involvement in Syria, including establishing a "no-fly zone" or secured area within Syria where citizens could be protected, launching airstrikes by drones and fighter jets or even sending in tens of thousands of ground forces to secure the chemical weapons caches. But the military has made it clear that any action would likely be either with NATO backing or with a coalition of nations similar to what was done in Libya in 2011.

Following the U.S. disclosure, NATO spokeswoman Oana Lungescu said, "There would doubtlessly be a very strong reaction from the international community if there were evidence that chemical weapons had been used."

Ahmad Ramadan, a member of the Syrian National Coalition opposition group's executive body, called the U.S. assertion an "important step," and he said that America had a "moral duty" to follow it with action.

The White House said the current intelligence assessments of sarin use are based in part on "physiological samples." U.S. officials said that could include human tissue, blood or other body materials, in addition to soil samples.

Sarin is an odorless nerve agent that can be used as a gas or a liquid, poisoning people when they breathe it, absorb it through their skin or eyes, or take it in through food or water. In large doses, sarin can cause convulsions, paralysis and death. According to the Centers for Disease Control and Prevention, people usually recover from small doses, which may cause confusion, drooling, excessive sweating, nausea and vomiting.

The Aum Shinrikyo cult used sarin in attacks in the Tokyo subway system in 1995 that killed 12 people and sickened thousands.

The White House said it was still seeking to confirm the "chain of command" that led to the chemical weapons use. But officials said they were confident attacks were initiated by the Assad government, not rebels, given that they see no evidence of Assad losing control of the stockpiles.

The U.S. said the completion of a stalled U.N. investigation would be critical in confirming the use. But it's unclear whether U.N. inspectors will ever be able to conduct a full investigation in areas where there is the most evidence of chemical weapons use.

The Syrian government has so far refused to allow the U.N. experts to go anywhere but Khan al-Assal, where Assad's government maintains the rebels used the deadly agents.

Officials said the U.S. was consulting with allies and looking for other ways to confirm the intelligence assessments.

___

AP National Security Writers Robert Burns in Abu Dhabi, United Arab Emirates and Lara Jakes in Washington, as well as AP Intelligence Writer Kimberly Dozier, and AP writers Lolita C. Baldor and Lauran Neergaard in Washington and Zeina Karam in Beirut contributed to this report.

Source: http://news.yahoo.com/crossing-red-line-us-says-syria-used-poison-221631098--politics.html

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TSX up 6th day on upbeat data, Potash earnings

By John Tilak

TORONTO (Reuters) - Canada's main stock index extended its gains into a sixth straight session on Thursday, buoyed by positive U.S. economic data and a stronger-than-expected earnings report from Potash Corp .

Investors were encouraged by data showing the number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market.

The Toronto market, which posted its biggest jump in more than eight months on Wednesday, has erased most of the losses incurred during a massive commodities-led rout earlier this month.

"The TSX is staging a bit of a recovery," said Keith G. Richards, portfolio manager and technical analyst at ValueTrend Wealth Management. "I see this near-term rally as a near-term rally, and that's all."

He expects weakness in banks and commodities to hold the index back over the next couple of months.

Despite the gains, the index is down 0.9 percent on the year, compared with a 10.7 percent rise in the S&P 500.

The Toronto Stock Exchange's S&P/TSX composite index <.gsptse> was up 53.18 points, or 0.43 percent, at 12,323.61 on Thursday. It hit its highest point since the huge selloff on April 15.

Eight of the 10 main sectors of the index were higher.

A 2.4 percent gain in Potash and rise in gold shares boosted the materials sector, which climbed 2.3 percent.

The price of bullion hit a 10-day high, lifted by a weak dollar and strong physical buying.

Potash said it was abandoning efforts to take over Israel Chemicals Ltd because of strong opposition in Israel. The fertilizer giant also reported a stronger-than-expected 13 percent rise in profit after renewed sales to China and India.

"Potash has got near-term upside," Richards said. "Positive news on the stock is going to push it a bit."

Energy shares rose 0.5 percent, reflecting a rise in the price of oil.

Financials, the index's most heavily weighted sector, gave back 0.2 percent.

In other company news, Open Text Corp reported a 25 percent rise in third-quarter adjusted profit as its cloud-based services business expanded. The business software maker's stock added 9.1 percent to C$63.02.

Shares of Imperial Oil Ltd climbed 1.4 percent after Canada's No. 2 oil producer and refiner reported a first-quarter profit.

(Editing by Chizu Nomiyama)

Source: http://news.yahoo.com/tsx-set-open-higher-stronger-earnings-data-124832541--finance.html

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New KKR payout policy buoys investors, profit tops view

By Greg Roumeliotis

NEW YORK (Reuters) - Private equity firm KKR & Co LP said on Thursday it will share 40 percent of profits from its own investments with shareholders and reported quarterly earnings that beat expectations, sending its shares to an all-time high.

KKR shares jumped as much as 7 percent to a record $21.59, and were trading up 4.9 percent at $21.17 in afternoon trading, as investors welcomed clarity on how much of KKR's profits from principal investments would go to them. While the payout won't be substantially higher than before, it will be more frequent and predictable.

Uncertainty over the dividend policy had caused KKR shares to close down on February 7, the day it posted 2012 fourth-quarter earnings and announced its highest-ever dividend.

"From a valuation standpoint, KKR is trading ... meaningfully below peers, as well as the traditional asset managers. Moreover, our model calls for distributions per unit to reach $1.24 this year, implying a 6 percent-plus yield," Sandler O'Neill + Partners analyst Michael Kim wrote in a note.

New York-based KKR's cash profits nearly doubled as it took advantage of strong markets to sell shares in companies and sell some assets outright. But using an alternative asset management industry metric, its earnings fell.

First-quarter economic net income (ENI), a measure of profitability that takes into account the mark-to-market valuation of assets, dropped to $647.7 million from $727.2 million a year earlier.

This translated into aftertax ENI of 88 cents per adjusted share, topping the average analyst estimate of 82 cents, according to a Thomson Reuters poll.

KKR's private equity fund portfolio appreciated 5.9 percent in the quarter versus a 9 percent rise a year ago. The value of KKR's principal investments also grew at a slower pace.

Blackstone Group LP , the world's largest alternative asset manager, reported a 28 percent rise in first-quarter ENI last week as its real estate, private equity, credit and hedge fund units successfully sold assets and appreciated in value.

In the first quarter, KKR sold shares in discount retailer Dollar General Corp at 5.5 times its investors' money, hospital operator HCA Holdings Inc at 3.2 times its investors' money and Jazz Pharmaceuticals Plc at four times its investors' money.

It also agreed to sell its 51 percent stake in music rights management company BMG to Bertelsmann AG , Europe's largest media company, and Japanese recruitment services firm Intelligence Holdings Ltd to peer Temp Holdings Co Ltd .

DIVIDEND POLICY

Total distributable earnings, used to pay dividends, jumped to $290.6 million in the first quarter from $164.1 million a year earlier. Just over half of the rise was due to profits from KKR's own investments rather than management and performance fees it got from funds.

Fee-related earnings, mostly reflecting fees it charges to investors and portfolio companies that are not based on KKR's performance, rose to $88 million from $73.4 million a year ago. Realized performance fees from KKR's funds resulted in income of $52.9 million, up from $44.9 million a year ago.

KKR's principal investments made a significant difference. They yielded income of $153.2 million, versus $52.6 million a year ago.

Huge by industry standards, the size of KKR's balance sheet is the legacy of the firm's merger in 2009 with KKR Private Equity Investors, a fund vehicle whose listing KKR transferred to New York from Amsterdam in 2010.

KKR said it would now strive to distribute 40 percent of its balance sheet income as a dividend every quarter.

Previously, about 35 percent to 37 percent of the annual balance sheet gains had been paid out to shareholders in one installment in the fourth quarter. This was to cover their tax liabilities on those dividends.

The 2013 first-quarter dividend is 27 cents per share.

KKR also gave an update on its $17.6 billion 2006 buyout fund, which earns it no cash profits as long as some of the fund investments are marked below initial cost. The amount by which investments are marked below cost is called a netting hole.

The netting hole on the 2006 Fund has now been filled. This means KKR can now receive performance fees from all of its private equity funds with the exception of its European Fund II, its European annex fund, and its China Growth Fund, KKR said.

KKR, which has investments in retailer Toys R Us Inc and Internet domain registration company Go Daddy Group Inc, said assets under management rose to $78.3 billion at the end of March from $75.5 billion at the end of December. Besides private equity, the assets include credit investments, hedge funds, and infrastructure.

KKR also gave an update on its efforts to set up a real estate fund. It has so far committed over $650 million in ten property transactions, with about half of that money coming from KKR itself.

"I think that we'll club together a group of investors, drop some of those investments down into the fund to seed ... but it's very early days on that," Scott Nuttall, KKR's global head of capital and asset management, told analysts on a conference call.

The firm was founded in 1976 by Henry Kravis, George Roberts and Jerome Kohlberg. It gained widespread recognition through its $25 billion leveraged buyout of RJR Nabisco in 1988, a battle that was immortalized in the bestseller, "Barbarians at the Gate."

(Reporting by Greg Roumeliotis in New York; Editing by Jeffrey Benkoe and Tim Dobbyn)

Source: http://news.yahoo.com/kkr-payout-policy-buoys-investors-profit-tops-view-201339300--sector.html

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Friday, April 26, 2013

Exclusive: Emergency Medical Services selects banks for IPO - sources

By Olivia Oran and Greg Roumeliotis

(Reuters) - Emergency Medical Services Corp, the largest U.S. provider of ambulance services, has selected underwriters for a $750 million initial public offering, two people familiar with the matter said on Wednesday.

The Greenwood Village, Colorado-based company, backed by private equity firm Clayton, Dubilier & Rice LLC, has selected Goldman Sachs Group Inc , Barclays Plc and Bank of America Merrill Lynch to lead the deal, which may come during the third quarter, the sources said.

The people declined to be identified because the information is not public.

Clayton, Dubilier & Rice declined to comment. Goldman Sachs, Bank of America, Barclays and Emergency Medical Services could not be immediately reached for comment.

Private equity firms in recent months have been aggressively trying to exit their portfolio companies as the U.S. equity markets have rebounded. Companies which have recently gone public including SeaWorld Entertainment Inc , Taylor Morrison Home Corp and Norwegian Cruise Line Holdings Ltd .

A deal would bring EMSC back to the stock market just two years after it was taken private. Clayton, Dubilier & Rice acquired EMSC in 2011 for $2.9 billion. It also assumed $300 million of the company's debt.

EMSC was founded in 2005 when Canadian private equity firm Onex Corp acquired medical transportation company American Medical Response and physicians services provider EmCare and merged the two. EMSC went public that same year.

EMSC reported adjusted earnings before interest, tax depreciation and amortization of $404.7 million in 2012, up from $345.4 million in 2011.

(Reporting by Olivia Oran and Greg Roumeliotis in New York; Editing by Phil Berlowitz)

Source: http://news.yahoo.com/exclusive-emergency-medical-services-selects-banks-ipo-sources-212445978--sector.html

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Kids DIY Game Creation App TinyTap Heads To iPhone, Launches Its Own App Store

iPhone-iPad-TinyTapTinyTap, a Tel Aviv-based platform which allows children to create their own mobile games and "playable" books, is now expanding from the iPad to the iPhone, as it also launches its own social marketplace for apps. Here, users can sell their TinyTap creations to others, or just share them for free. The move comes roughly six months after the company announced its half a million dollar seed round, and detailed its plans for this "app store within an app."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/m2FFwAwPLDk/

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Thursday, April 25, 2013

Day after cracks were found, Bangladesh factory collapse leaves 125-plus dead

Concerns about safety conditions in garment factories sourced by Western retailers were revived when a factory collapsed after serious cracks were found in the building yesterday.

By Saad Hammadi,?Correspondent / April 24, 2013

People and rescuers gather after an eight-story building housing several garment factories collapsed in Savar, near Dhaka, Bangladesh, April 24. Dozens were killed and many more are feared trapped in the rubble.

A.M. Ahad/AP

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Eleven-year-old Taslima asked her mother not to go to her job at a local factory this morning after workers there noticed large cracks inside the building.?

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But where would the money come from if she did not go to work? Taslima's mother asked her before heading off to work like normal.

This evening, Taslima is in tears, sitting by her mother?s body in a makeshift mortuary. Her mother was one of the more than 125 killed when the eight floor building collapsed on the outskirts of Bangladesh?s capital, Dhaka. Some 800 more were injured.?As search-and-rescue efforts continue, those numbers are likely to rise, say witnesses, who report that hundreds of people may still be trapped in the rubble.

An inspection team visited Rana Plaza, where the factory building is located in the suburb of Savar, the day before the collapse and asked the owner to keep the building closed after they identified cracks in it. That instruction, however, was ignored.

The incident is not an aberration for Bangladesh. It comes on the heels of a series of factory disasters, the latest just five months ago, when a fire ripped through the Tazreen factory in Dhaka while workers were trapped inside:?More than 100 died. The collapse?revives concerns about the poor working conditions, code violations, and garment owner negligence that has racked the world's second-largest garment-exporting country, where firms produce clothing for high-profile brands including Gap, H&M, and?Wal-Mart.?

?This is an example of the most irresponsible and insensible work by the authority,? says Selim Newaj Bhuiyan, former deputy director of Fire Service and Civil Defense. Mr. Bhuiyan has attended to some of the deadliest factory fires and collapses in Dhaka. ?When the building was warned, how could the authorities ask the workers to come to work?? he asks. Bhuiyan places the blame on building and factory authorities.

One worker at the factory, Sumi, described coming to work at 8:00 a.m., despite what she calls a subconscious fear in her mind.

When debris began falling from the ceiling of the fifth floor where she worked, it was already too late for her to escape. She was trapped inside along with hundreds of others as the floors collapsed one after another. Firefighters pulled her out five hours later. She was receiving treatment at a nearby hospital.

On the seventh floor, right after meeting with production managers and supervisors, Shariful Islam was returning to his work when suddenly he heard a loud noise.

?Immediately we fell several stories down faster than an elevator?s speed,? says Mr. Islam, a quality checker at New Wave Bottoms, one of the factories that rented the building (the others included New Wave Style, Ether Tex, and Canton Tech Apparel, according to CNN).

?I closed my eyes as the entire place was engulfed with dust. A stitching machine fell on my left leg,? says Islam, who later managed to escape the building with the help of two co-workers. ?All I could see were dead bodies all around me.?

Flouting standards

At least 630 people have died in more than 30 incidents since 1990, according to the Bangladesh Institute of Labor Studies.?Eight years ago, another factory collapse outside Dhaka killed about 70 workers.?In most cases factory owners have been identified flouting safety standards, but very few of them are brought to court.

Former President of the?Bangladesh Garment Manufacturers and Exporters Association (BGMEA)?Abdus Salam Murshedy told The Christian Science Monitor that since the Tazreen fire last November officials are working to inspect and identify the many buildings not up to code.

It takes time, he says, to look into the licenses of all of Bangladesh's factories.

According to a fact-finding report of Bangladeshi human rights organization Odhikar, the Chief Inspector of Bangladesh?s Factories and Establishment renewed Tazreen?s safety inspection without even visiting the premises. A token sum of money was enough for the factory authorities to ?get the application [for factory operations] approved on mobile phone,? according to Odhikar?s report.

?Only compensation [for the victims and their families] and mourning such incidents are not enough. There are many vulnerable factories that are not looked into,? says Babul Akhter, president of Bangladesh Garment and Industrial Workers? Federation. Mr. Akhter urges international buyers to be more cautious while placing orders to the suppliers and ensure that the suppliers comply with the standards.

Bangladesh?s garment industry, the second largest garment exporter in the world, makes up 80 percent of country?s export revenue. The garment sector earned $19 billion from exports in the financial year that ended in June 2012.

?We will investigate this incident jointly with the government and make it public,? says the current president of the BGMEA, Atiqul Islam.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/20w3uZ9nwUM/Day-after-cracks-were-found-Bangladesh-factory-collapse-leaves-125-plus-dead

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Third recession since 2008 looms for UK

LONDON (AP) ? Recession may just be a word. But in Britain it may become a habit ? and a dangerous one at that.

It's possible that official figures on first quarter economic growth, to be released Thursday, could put the country back in recession, and tension is building.

Although economists on average expect growth of 0.1 percent on the quarter, they warn it would take the smallest statistical variation to put the figure in negative territory. That would place the country in recession, technically defined as two consecutive quarters of economic contraction.

Another recession ? the third since the 2008 financial crisis ? is already being referred to with foreboding in the media as a "Triple Dip." Experts warn that its confirmation would create a wave of negative media attention that would scare consumers away from spending, feeding into a vicious cycle that has the economy flat-lining.

"It's psychological ? this is all psychological," said Cary Cooper, a professor at Lancaster University Management School. "It's about the message that those figures send to consumers and small businesses."

The government desperately wants a strong number to justify its increasingly criticized policy of painful spending cuts. But recent indicators on Britain's economy, the third-largest in the 27-country EU after Germany and France, have been disappointing.

Inflation is rising, cutting into people's standard of living. Unemployment is up. Two international ratings agencies have downgraded the country's credit grade from the top level AAA, warning about the government's fiscal policies.

The government, which has long played on its AAA rating as a sign of its economic might, has been pursuing a harsh program of spending cuts and tax increases to reduce the budget deficit, which at 7.4 percent of annual economic output is more than twice the EU's 3 percent limit. Like many governments across Europe that have been scarred by the bond market turmoil that forced Greece and four other countries to need rescue loans, Britain is focusing on reducing debt quickly, even at the cost of short-term economic pain.

What some governments and economists are slowly realizing, however, is that they may have underestimated the damage such austerity would do.

There's long been pressure domestically in Britain to ease off the budget cuts, but in the past few days the International Monetary Fund also chimed in. The fund, whose views carry weight as it is involved in all of Europe's sovereign bailout programs, has pressured Treasury chief George Osborne to slow down the austerity measures in hopes of reviving the economy, whose output last year was worth 1.4 trillion pounds ($2.1 trillion at current exchange rates).

As the debate rages on, no other person than the national spiritual leader ? the Archbishop of Canterbury, Justin Welby ? has waded in and used a word no want wants to hear: Depression.

Welby has unusual standing in the world of money because in a previous life he served as an oil industry executive and now sits on the parliamentary banking standards committee. He told an audience at the heart of government in Westminster on Monday that there was an issue of confidence and trust ? and there is need to rebuild both.

"I would argue that what we are in at the moment is not a recession, but essentially some kind of depression and it therefore takes something very, very major to get out of it in the same way as it took something major for us to get into it," he said.

The Bank of England has cut interest rates to record lows and pumped money into the financial system in the hope that will encourage banks to lend money more cheaply. But the results have been mixed and experts say there is only so much a central bank can do to create jobs.

On Wednesday, the Bank of England and the Treasury extended until January 2015 a program to boost lending and help the economy. The program offers funding at low interest rates to banks on condition that those rates are passed on to small businesses and households. Its results so far have been mixed, however.

Even if the economy dodges recession, the daily reality for many Britons remains tough.

The Trussell Trust, a food bank network, said it fed more than 350,000 people in the year ending in March ? more than double the 128,000 served in the previous 12-month period. Tim Boyce, a retired investment banker who runs a south London branch, said he's seeing the people behind those numbers. Inside a frosty church that's opened its doors to the desperate, he watches as they come for emergency handouts of rice, pasta and beans.

"Most people don't realize the extent of poverty," he said as he sipped coffee to keep the edge off the chill. "It's hiding in plain view."

Take the cases of Kevin Bishenden, 50, and his wife, Nicola, 40. He's an upholsterer who says that no one wants to hire someone his age. She says she just can't find work. The only reason they aren't homeless is that Britain's welfare state manages to keep a roof over their heads.

But they've slowly been shedding all their possessions, together with memories of a past life. First a bike, then stuff from the kitchen. All the DVDs are going, though even Star Trek only gets you a few pennies. They've already sold their wedding rings.

He lamented a new council tax payment of 15 pounds ($22.80) that came into effect as part of government austerity plans. His exhaustion was plain as he tried to imagine paying for it.

"Where's that supposed to come from?"

Source: http://news.yahoo.com/uk-dark-mood-recession-may-confirmed-065201173--finance.html

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3 Doors Down bassist enters rehab following arrest

NASHVILLE, Tenn. (AP) ? An attorney says 3 Doors Down bassist Robert Todd Harrell has checked himself into drug treatment after being charged with killing someone while driving under the influence.

Attorney Ed Ryan says he could not disclose where Harrell is being treated.

Harrell is facing multiple charges, including vehicular homicide by intoxication. Authorities say he caused a fatal interstate crash in a Nashville suburb last weekend. Records show authorities discovered that Harrell had numerous narcotics on him while he was being processed into the Nashville jail.

Police say the 41-year-old bassist was speeding down Interstate 40 in his Cadillac CTS when he clipped the back of a pickup truck, causing a crash that killed the driver of the truck.

The bassist is due in court next month and is free on bond.

Source: http://news.yahoo.com/3-doors-down-bassist-enters-rehab-following-arrest-170835266.html

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Wednesday, April 24, 2013

Justin Bieber's Latest Tat: Does It Look Like Selena Gomez?

Bieber has fans playing 'guess who?' with his new tattoo, which he premiered in Stockholm.
By Jocelyn Vena

Source: http://www.mtv.com/news/articles/1706289/justin-bieber-tattoo-selena-gomez.jhtml

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Millionaire businessman goes to jail for selling fake bomb detectors

LONDON (AP) ? A millionaire businessman who sold fake bomb detectors that were based on a novelty golf ball finder to countries including Iraq was convicted Tuesday of fraud in a British court.

Police investigators said the bogus devices put people's safety at risk.

James McCormick, 56, is said to have made an estimated 50 million pounds ($76 million) from sales of his detectors, which claimed to be able to find explosives, drugs and people from planes, under water, underground and through walls. They could purportedly detect at distance and bypass "all known forms of concealment."

But experts said the hand-held devices, which were sold for up to 27,000 pounds ($41,000) each, in fact lacked "any grounding in science" and were "completely ineffectual as a piece of detection equipment."

"The devices did not work, and he knew they did not work," prosecutor Richard Whittam said. One of the earlier models McCormick sold was based on a novelty machine for finding golf balls that could be bought in the U.S. for less than $20, he added.

The detectors were sold to military and police forces around the world, including Iraq, Niger, Georgia, Egypt and Thailand.

Nigel Rock, an investigating officer with the Avon and Somerset Constabulary ? the police force that arrested McCormick in 2010 ? said the businessman sold 6,000 devices to Iraq for more than $40 million between 2008 and 2010.

"The devices were used at numerous checkpoints within Iraq during this period. It is clear that both civilians and armed forces personnel were put at significant risk in relying upon this equipment," Rock said.

McCormick was found guilty of three counts of fraud at London's Central Criminal Court. He will be sentenced on May 2.

Source: http://news.yahoo.com/uk-man-convicted-selling-fake-bomb-detectors-131902046--finance.html

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Monday, April 22, 2013

Page Not Found - Yahoo!

Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Yahoo!, try visiting the Yahoo! homepage or look through a list of Yahoo!'s online services.

Please try Yahoo Help Central if you need more assistance.

Source: http://rss.news.yahoo.com/rss/weightloss

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From the Editor's Desk: Big things ahead

Phil Nickinson

Exciting things are afoot, folks. I'm mostly going off the grid this week, insofar as the usual work week is concerned, but that's not to say there's nothing going on.

So here's to a fun, fast and fruitful week in New York City, with some of the smartest people I know.

And now, a few thoughts on the week that was:

read more

    


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Condition of Indian girl who was raped improves

Indian women activists of India's main opposition Bharatiya Janata Party jostle with Indian police women outside ruling United Progressive Alliance chairperson Sonia Gandhi?s residence during a protest against the rape of a 5-year-old girl in New Delhi, India, Sunday, April 21, 2013. The girl was raped and tortured by a man who held her in a locked room in India's capital for two days. (AP Photo/Manish Swarup)

Indian women activists of India's main opposition Bharatiya Janata Party jostle with Indian police women outside ruling United Progressive Alliance chairperson Sonia Gandhi?s residence during a protest against the rape of a 5-year-old girl in New Delhi, India, Sunday, April 21, 2013. The girl was raped and tortured by a man who held her in a locked room in India's capital for two days. (AP Photo/Manish Swarup)

Indian women activists of India main opposition Bharatiya Janata Party remove police barricade outside ruling United Progressive Alliance chairperson Sonia Gandhi?s residence during a protest against the rape of a 5-year-old girl in New Delhi, India, Sunday, April 21, 2013. The girl was raped and tortured by a man who held her in a locked room in India's capital for two days. (AP Photo/Manish Swarup)

An Indian women activist of India main opposition Bharatiya Janata Party shouts slogans outside ruling United Progressive Alliance chairperson Sonia Gandhi?s residence during a protest against the rape of a 5-year-old girl in New Delhi, India, Sunday, April 21, 2013. The girl was raped and tortured by a man who held her in a locked room in India's capital for two days. (AP Photo/Manish Swarup)

A banner lies on the road after a protest by Indian women activist of India main opposition Bharatiya Janata Party outside ruling United Progressive Alliance chairperson Sonia Gandhi?s residence against the rape of a 5-year-old girl in New Delhi, India, Sunday, April 21, 2013. The girl was raped and tortured by a man who held her in a locked room in India's capital for two days. (AP Photo/Manish Swarup)

(AP) ? The condition of a 5-year-old girl who was allegedly kidnapped, raped and tortured by a man and then left alone in a locked room in India's capital for two days has improved, a doctor said Sunday, as protests continued over the authorities' handling of the case.

The girl was in critical condition when she was transferred Thursday from a local hospital to the largest government-run hospital in the country. But D.K. Sharma, medical superintendent of the state-run hospital in New Delhi where the girl was being treated, said Sunday that she was responding well to treatment and that her condition had stabilized.

Police say the girl went missing April 15 and was found two days later by neighbors who heard her crying in a locked room in the same New Delhi building where she lives with her family. The girl was alone when she was found, having been left for dead by the man following the brutal attack, police say.

A 24-year-old man was arrested Saturday in the eastern state of Bihar, about 1,000 kilometers (620 miles) from New Delhi, in connection with the incident. After being flown to New Delhi, he was in custody Sunday and was being questioned, police said.

The incident came four months after the fatal gang rape of a woman on a New Delhi bus sparked outrage across India about the treatment of women in the country.

For the second consecutive day, hundreds of people protested Sunday outside police headquarters in the capital, angry over allegations that police had ignored complaints by the girl's parents that she was missing.

About 100 supporters of the main opposition Bharatiya Janata Party protested outside the home of the chief of the ruling Congress Party, Sonia Gandhi, demanding that the government ensure the safety and security of women and girls in the city.

The protesters also demanded that the Delhi police chief be removed from office and that police officials accused of failing to act on the parents' complaint be dismissed.

"Police and other officials that fail to do their jobs and instead engage in abusive behavior should know that they will be punished," Meenakshi Ganguly, South Asia director of New York-based Human Rights Watch, said Sunday.

Police said they detained more than 50 protesters when they tried to break down barricades on the road leading to Gandhi's house. The protesters were released after a few hours.

Police also placed restrictions on the gathering of more than four people on the main avenue in the heart of New Delhi after university students said they planned to hold a demonstration there later Sunday. Despite the police order, about 100 students gathered at New Delhi's iconic India Gate monument and held a peaceful protest late Sunday.

Sexual crimes against women and children are reported every day in Indian newspapers, and women often complain about their sense of insecurity when they leave their homes.

Prime Minister Manmohan Singh called for changes in attitudes toward women in India, where there has been a fierce debate since December's fatal New Delhi gang rape about the routine mistreatment of females.

"The gruesome assault on the little girl a few days back reminds us once again of the need to work collectively to root out this sort of depravity from our society," Singh said Sunday at a meeting with civil servants.

A day earlier, Singh had urged Indian society "to look within and work to root out the evil of rape and other such crimes from our midst."

The fatal beating and gang rape of a young woman aboard a moving New Delhi bus sparked outrage and spurred the government to pass tough laws for crimes against women, including the death penalty for repeat offenders or for rape attacks that lead to the victim's death.

But activists say that merely passing strong laws is not enough, and that the government has to convey its intention to crack down on crimes against women to its officials and the police.

"Enacting strong laws are simply a first step, but it needs the government to focus urgently on implementation if it is serious about protecting children and other victims of sexual abuse," Human Rights Watch's Ganguly said.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-04-21-AS-India-Child-Rape/id-8b9971a924c2405aa50efc31b031fb74

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Sunday, April 21, 2013

Roger G3XBM&#39;s Amateur Radio Blog: Optical communications in the ...

With the recent upsurge in interest in long range optical communications it is easy to forget that optical data communications over long distances predates radio communications by many years. In those far-off days the data was morse code and the light came from the sun in the form of a heliograph mirror that reflected the sun's rays over long distances in daylight. Keying was usually by tilting the mirror or? by keying a grill placed in front of the mirror. See http://www.modulatedlight.org/Modulated_Light_DX/Heliograph.html . Best DX achieved in the 19th century was well over 200km using these methods!

Source: http://g3xbm-qrp.blogspot.com/2013/04/optical-communications-in-19th-century.html

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Saturday, April 20, 2013

Graphics chip designer Raja Koduri heads back to AMD after four-year stint at Apple

Image

Well, it looks like AMD had a bit of news up its sleeve that it chose not to drop during its earnings call yesterday. The Wall Street Journal has confirmed that famed graphics chip designer Raja Koduri is heading back to the company, which he left in 2009 to take on the graphics CTO role at Apple. Presumably, Koduri will again be performing some similar duties at AMD, but the company isn't offering any further details just yet apart from saying that it's "very pleased" about the move.

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Source: The Wall Street Journal

Source: http://www.engadget.com/2013/04/19/amd-hires-raja-koduri-from-apple/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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Lawmaker Passes Resolution to Honor Himself (Taegan Goddard's Political Wire)

Share With Friends: Share on FacebookTweet ThisPost to Google-BuzzSend on GmailPost to Linked-InSubscribe to This Feed | Rss To Twitter | Politics - Top Stories News, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/300014456?client_source=feed&format=rss

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Friday, April 19, 2013

EBay grows 1Q earnings but outlook falls short

NEW YORK (AP) ? EBay's high-flying stock price declined in after-hours trading Wednesday after the e-commerce bellwether's outlook for the current quarter fell below Wall Street's expectations.

The company grew its earnings and revenue in the first quarter, as shoppers continued to flock to eBay.com and other sites and mobile apps, to buy everything from cars to handbags to wedding rings. EBay's payments unit, PayPal, continued its fast-paced growth and expansion beyond the Web. People can now use their PayPal accounts to make purchases in some brick-and-mortar stores. Nonetheless, eBay's revenue, along with its guidance for the current quarter, fell shy of Wall Street's expectations ? though its full-year guidance stayed unchanged.

The San Jose, Calif.-based company's stock dropped by $1.60, or 2.9 percent, to $54.50 in after-hours trading. The stock closed down 91 cents at $56.10 in the regular session amid a broad market decline. That is up 10 percent since the start of the year and more than 55 percent from a year ago.

EBay's 2013 earnings forecast surpassed and revenue outlook met Wall Street's expectations, indicating that the second half of the year could be stronger than the first. EBay also recently issued an upbeat long-term forecast, saying it expects revenue to hit as much as $23.5 billion in 2015, up from 67 percent from $14.1 billion in 2012.

President and CEO John Donahoe said he wouldn't call eBay's second-quarter guidance cautious, adding that it's "highly consistent with what we thought."

"Expectations got a bit ahead of themselves," Donahoe said in a phone interview.

The company's business in Europe was "modestly softer" than expected amid the economic uncertainty there, Donahoe said, while the U.S. was slightly stronger than expected.

EBay said revenue at PayPal grew 18 percent to $1.55 billion and ended the quarter with 128 million registered accounts, up 16 percent from a year earlier. Its marketplaces unit, which includes eBay.com, grew revenue by 13 percent to $1.96 billion and ended the quarter with 116 million active users, an increase of 13 percent.

Some analysts are worried about short-term challenges EBay faces. Benchmark analyst Daniel Kurnos believes EBay is confronted with tight retail inventories and potential pressure on PayPal's profit margins from credit card companies, if they start charging fees for using the payments service.

EBay Inc. said Wednesday that it earned $677 million, or 51 cents per share, in the January-March period. That's up 19 percent from $570 million, or 44 cents per share, in the same period a year earlier.

Adjusted earnings were 63 cents per share, up from last year's 55 cents and a penny above analysts' expectations of 62 cents.

Revenue grew 14 percent to $3.75 billion, slightly below Wall Street expectations. Analysts polled by FactSet were looking for $3.77 billion.

For the current quarter eBay expects earnings of 46 to 48 cents per share and adjusted earnings of 61 to 63 cents per share. Analysts estimated 66 cents per share.

The company's revenue forecast of $3.8 billion to $3.9 billion is also slightly below the $3.95 billion analysts expected.

Gross merchandise volume, an important metric that measures all items sold on eBay excluding vehicles, rose 13 percent to $18.33 billion.

Mobile commerce remains a strong suit for eBay. The company said it gained 2.8 million new users during the quarter who signed up through a mobile device. EBay said its mobile apps have been downloaded 162 million times since launching in the first quarter of 2008.

Source: http://news.yahoo.com/ebay-grows-1q-earnings-outlook-falls-short-211931895--finance.html

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Coaching carousel starts to spin in NBA

FILE - I(n this Oct. 17, 2012 file photo, Philadelphia 76ers coach Doug Collins, left and Cleveland Cavaliers coach Byron Scott talk before the start of their NBA preseason basketball game in Philadelphia. The Cavaliers have fired Scott after three losing seasons. Collins has resigned after three seasons. (AP Photo H. Rumph Jr., File)

FILE - I(n this Oct. 17, 2012 file photo, Philadelphia 76ers coach Doug Collins, left and Cleveland Cavaliers coach Byron Scott talk before the start of their NBA preseason basketball game in Philadelphia. The Cavaliers have fired Scott after three losing seasons. Collins has resigned after three seasons. (AP Photo H. Rumph Jr., File)

Detroit Pistons head coach Lawrence Frank watches from the sidelines during the first half of an NBA basketball game against the Philadelphia 76ers at the Palace in Auburn Hills, Mich., Monday, April 15, 2013. (AP Photo/Carlos Osorio)

FILe - In this March 4, 2013 file photo, Cleveland Cavaliers head coach Byron Scott reacts in the fourth quarter of an NBA basketball game against the New York Knicks in Cleveland. The Cavaliers have fired coach Byron Scott after three losing seasons. (AP Photo/Tony Dejak, FIle)

The first time Byron Scott was fired, Lawrence Frank took his job. Now they're both looking for work, and the NBA's coaching carousel is already spinning in three cities.

Scott was fired by the Cleveland Cavaliers, Frank was ousted by the Detroit Pistons and Doug Collins resigned as coach of the Philadelphia 76ers, all three Thursday, a day after the end of the regular season.

And now the wait continues to see what happens in other cities, such as Sacramento, Toronto and maybe even Atlanta.

"There's a lot of things I want to enjoy," Collins said. "I think it's every man's dream to be able to live that life that you've worked so hard to try and live. That's what I want to do."

All three of the coaches who were packing their offices Thursday missed the playoffs in the Eastern Conference, after leading teams that combined for records of 87-159.

Collins essentially chose his own fate, though he could have stayed on the 76ers' sideline if he was so inclined with one year and $4.5 million left on his contract. He will remain with Philadelphia as an adviser and will surely play a role in what the team decides to do with its roster this summer.

Scott and Frank weren't as fortunate.

Scott was hired by the Cavaliers about a week before LeBron James decided that he wanted to leave Cleveland and join the Miami Heat. James' Heat team won 66 games this season alone; Scott's three Cavaliers teams combined to win 64 in three seasons, and owner Dan Gilbert said the team's lack of significant growth on the defensive end played a big part in the coach's downfall.

"I feel like a piece of me is missing now," Cavs guard Kyrie Irving said, not long after the news of Scott's dismissal broke. "The relationship I have developed with him was very special. I'm just hurt. I'm trying to get over the loss of my basketball father."

Plenty of big names may try to return to the sideline this offseason, with speculation surely going to revolve around the likes of Phil Jackson, Stan Van Gundy and Mike Brown. Some top assistants also might get their chance, like Miami's David Fizdale, who is a close confidant to Erik Spoelstra with the reigning champion Heat.

One of the things Scott, Frank and Collins had in common this season was that their teams all have young, promising guards, with Irving in Cleveland, Jrue Holiday in Philadelphia and Brandon Knight in Detroit.

None of those three probably had the years they wanted. Irving missed 23 games, Holiday shot just 38 percent after March 1 and Knight's season will be best remembered for him getting leveled on a dunk by the Los Angeles Clippers' DeAndre Jordan.

"He did what he felt he had to do," Holiday said about Collins' decision, which he indicated caught him off-guard. "But it is sad to see him go. ... I know I've grown so much with him as the coach."

Scott and Frank were probably the two coaches most likely to face firings in this offseason, though others likely remain on the proverbial hot seat. Sacramento's ownership situation could affect Keith Smart's future, Dwane Casey in Toronto might be in trouble and some coaches of playoff teams might not be safe either. Atlanta, for example, might continue its roster revamping, and that might lead to a change for coach Larry Drew.

Frank was a Nets' assistant when the then-New Jersey franchise fired Scott in 2004. Frank took over for his former boss, in what became his first stint leading an NBA club. He won his first 13 games with the Nets ? who ultimately fired Frank after he went 0-16 to open the 2009-10 season.

The Pistons brought Frank on before the start of the lockout-shortened 2011-12 season. He went 54-94 with Detroit, and the franchise ? which has some free-agent money to spend this summer ? clearly felt he didn't figure into the long-term plan.

"Yes, you can tell the world: We're ready to spend," Pistons owner Tom Gores said.

His spending will now include some dollars on a new coach as well.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-04-18-BKN-NBA-Coaches/id-06da4ace46654d1fa06f58d2470fbd49

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Archos announces new line of stock Android (and Google-certified) smartphones

Archos 53 Platnium

Manufacturer Archos has just announced a trio of new Android smartphones -- each with stock Android and including the full suite of Google Play services.

The three phones run the gamut in size, as well. The Archos 35 Carbon is the budget phone of the group, starting things out with a 3.5-inch IPS display and a 320x480 resolution, powered by a 1 GHz Qualcomm 7225a processor and 1GB of RAM. It's running Android 4.0 Ice Cream Sandwich.

The Archos 50 Platinum bumps things up to a 5-inch display and Android 4.1.2 Jelly Bean, powered by a Qualcomm 8225Q quad-core processor and 1GB of RAM.

And the Archos 53 Platinum takes the 50 Platinum and bumps things up to a 5.3-inch IPS display.

All three phones are 3G only -- no LTE here -- and are expected to be available in Europe by June.

    


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