Posts Tagged ‘Washington

23
Jul
10

Tablet War Hots Up With Microsoft iPad Rival

NEWS
Tablet War Hots Up With Microsoft iPad Rival

Friday, July 23, 2010

••• Microsoft is taking on the iPad in the battle of the tablets as it announced plans to launch it own version later this year.

It is working in partnership with Hewlett-Packard whose executive vice president Todd Bradley said: ‘Slates are going to be an enormous category.

‘Our focus is working with still our largest software partner, Microsoft, to create a tablet, a slate, for the enterprise business.’

‘This is just in its infancy.’

Apple has sold more than three million iPads since it went on sale in April and Microsoft has been seeking to develop products that will tap into the lucrative market.

When the Microsoft tablet arrives on the shelves it may benefit from one key advantage over its Apple rival.

The HP tablet computer will be able to run Flash, the popular video software from Adobe which Apple has barred from the iPad.
The news comes as Microsoft revealed a record $4.52 billion profit with a fourth quarter revenue of more than $16 billion dollars.

The American tech company credited the strong sales figures to the successful launch of its latest-generation Office 2010 software and to continued strong demand for its new Windows 7 operating system.

The popularity of its Xbox 360 videogame consoles and Bing’s improving share of the Internet search market also contributed to the successful final quarter of its fiscal year.

Microsoft chief operating officer Kevin Turner said: ‘We look forward to continuing our product momentum this fall with the upcoming launches of Windows Phone 7 and Xbox Kinect.’
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05
Jul
10

2010 Macy’s 4th of July Fireworks Spectacular

NEWS
2010 Macy’s 4th of July Fireworks Spectacular

Macy’s Fourth of July Fireworks in New York City

Monday, July 5, 2010

Macy’s Fourth of July Fireworks 2010 turned out to be a spectacular and star studded event. On Sunday night as the whole of the United States joined hands to celebrate the Independence Day,Macy’s Fireworks only made the occasion all the more special. The community took care to bring some of the most well known singers on board as the fireworks lit up the sky above the Hudson River. Live on the deck of the Norwegian Epic cruise liner were teen singing sensation Justin Bieber who headlined this year’s Macy’s 4th of July Fireworks spectacle. Along with him were other singing sensations like Enrique Iglesias and LeAnn Rimes. Some of the star-casts of the “Twilight Saga: Eclipse” also made it to the deck.
If people jived to the singing of Justin Bieber and Enrique Iglesias along the Manhattan West Side then, there were millions more who enjoyed the Macy’s 4th of July Fireworks 2010 on television as it was aired live by the NBC Networks on Sunday night. Although there were many who celebrated the occasion at home with family members and friends many came out witness the spectacle with their own eyes with hope that it would be “even better” to see it live.
There is no doubt about the fact that the Macy’s 4th of July Fireworks 2010 lived up to the expectation of the thousands who came up all the way to the bank of the Hudson river to mark the occasion. The red, blue yellow and white fireworks with each different from the other and gigantic in size made it a thing of beauty.
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04
Jul
10

July 4, Independence Day

NEWS
July 4, Independence Day

Sunday, July 4, 2010

Americans across the United States are attending barbecues, parades, fireworks displays and other events as the nation marks its birth 234 years ago.

The July 4 Independence Day holiday marks the occasion in 1776 when the 13 original U.S. colonies declared independence from Britain during a revolutionary war.

In Washington, DC, thousands of people are expected to converge on the National Mall for an annual festival featuring displays and events celebrating American heritage, and an Independence Day parade. Other activities in the nation’s capital include re-enactments of the signing of the Declaration of Independence by actors portraying the nation’s founders.
A few miles away at Mount Vernon, the home of the nation’s first president, George Washington, organizers are hosting a wreath-laying at Washington’s tomb and a naturalization ceremony for about 100 new U.S. citizens.

Later Sunday, there will be a televised concert and fireworks display over the National Mall. Similar events are planned in cities across the country.
President Barack Obama issued an Independence Day statement saying the tenacity, resolve and courage of the nation’s founders, in the face of seemingly impossible odds, became the bedrock of the country.

The president also paid tribute to the men and women of the U.S. armed forces who are serving around the world or have given their lives in the line of duty.
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• Source(s): The White House
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15
Jun
10

Microsoft Office 2010 goes on sale worldwide

NEWS
Microsoft Office 2010 goes on sale worldwide

Friday, June 11, 2010

••• Microsoft Corp. on Tuesday announced that the latest version of its Office software is now available for consumers worldwide.

Starting from Tuesday, consumers can purchase Microsoft Office 2010 at more than 35,000 retail stores across the globe, through online retailers or from Microsoft website.

Office 2010 can also be purchased with desktops and laptops from leading personal computer (PC) makers including Acer, Asus, Dell, HP, Lenovo, Samsung and Sony, Microsoft said in a press release.

The software giant predicted that in the next year, more than 100 million PCs will ship with Office 2010 preloaded.

Microsoft said it has made considerable enhancements to Office 2010, a suite of applications including the popular Word, Excel, Outlook and PowerPoint.

For example, improvements to Word 2010 can help users add extensive text effects and table formatting options.

Microsoft also announced that a free, Web-based version of the Office programs is becoming available to consumers.

The Office Web Apps, which includes Web-based versions of Word, Excel, PowerPoint and OneNote that enable users to edit and share documents online, is seen as Microsoft’s answer to Google Inc.’s Web-based applications.
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• Source(s): Microsoft Corporation
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10
May
10

Fannie Mae asks for $8.4 billion in aid

NEWS
Fannie Mae asks for $8.4 billion in aid

Monday, May 10, 2010

••• U.S. mortgage finance company Fannie Mae has again asked taxpayers for more money after reporting a first-quarter loss of more than $13 billion.

The company, which was rescued by Washington in September 2008, said it needs an additional $8.4 billion from the government to help cover mounting losses.

Fannie Mae says it lost $13.1 billion, or $2.29 per share, in the January-March period. That takes into account $1.5 billion in dividends paid to the Treasury Department. It compares with a loss of $23.2 billion, or $4.09 a share, a year ago.

The rescue of Fannie Mae and sister company Freddie Mac is turning out to be one of the most expensive aftereffects of the financial meltdown. The new request for aid will bring Fannie Mae’s total to $83.6 billion. The total bill for the duo will now be nearly $145 billion.
Late last year, the Obama administration pledged to cover unlimited losses through 2012 for Freddie and Fannie, lifting an earlier cap of $400 billion.

Fannie and Freddie play a vital role in the U.S. mortgage market by purchasing mortgages from lenders and selling them to investors. Together the pair own or guarantee almost 31 million home loans worth about $5.5 trillion. That’s about half of all mortgages.

The two companies, however, loosened their lending standards for borrowers during the real estate boom and are reeling from the consequences.

With the housing market still on shaky ground, Obama administration officials say it is still too early to draft any proposals to reform the two companies or the broader housing finance system.

But Republicans argue the sweeping financial overhaul currently before Congress is incomplete without a plan for Fannie and Freddie. They propose transforming Fannie and Freddie into private companies with no government subsidies, or shutting them down completely.

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01
May
10

Weekly Address: Giving Government Back to the American People

NEWS
Weekly Address: Giving Government Back to the American People

President Obama Calls on Congress to Enact Reforms to Stop a ‘Potential Corporate Takeover of Our Elections’

Saturday, May 1, 2010

In the wake of a recent Supreme Court ruling, which gives special interests, corporations – and potentially foreign nationals – the power to spend unlimited money to influence the outcome of elections, President Barack Obama called on Congress to enact reforms to limit this power and protect the integrity of our democracy. With these reforms, campaign committees will have to reveal who is funding them, and their leaders or financers will have to claim responsibility for their ads. Also, the reforms will restrict foreign corporations and foreign nationals from spending money in American elections. These reforms will help ensure the government works for the American people, not the special interests.

Over the past few weeks, as we’ve debated reforms to hold Wall Street accountable and protect consumers and small businesses in our financial system, we’ve come face-to-face with the great power of special interests in the workings of our democracy. Of course, this isn’t a surprise. Every time a major issue arises, we’ve come to expect that an army of lobbyists will descend on Capitol Hill in the hopes of tilting the laws in their favor.

That’s one of the reasons I ran for President: because I believe so strongly that the voices of ordinary Americans were being drowned out by the clamor of a privileged few in Washington. And that’s why, since the day I took office, my administration has been taking steps to reform the system. Recently, however, the Supreme Court issued a decision that overturned decades of law and precedent – dealing a huge blow to our efforts to rein in this undue influence. In short, this decision gives corporations and other special interests the power to spend unlimited amounts of money – literally millions of dollars – to affect elections throughout our country. This, in turn, will multiply their influence over decision-making in our government.

In the starkest terms, members will know – when pressured by lobbyists – that if they dare to oppose that lobbyist’s client, they could face an onslaught of negative advertisements in the run up to their next election. And corporations will be allowed to run these ads without ever having to tell voters exactly who is paying for them. At a time when the American people are already being overpowered in Washington by these forces, this will be a new and even more powerful weapon that the special interests will wield.

In fact, it’s exactly this kind of vast power that led a great Republican President – Teddy Roosevelt – to tackle this issue a century ago. He warned of the dangers of limitless corporate spending in our political system. He actually called it “one of the principal sources of corruption in our political affairs.” And he proposed strict limits on corporate influence in elections. “Every special interest is entitled to justice,” he said. “but not one is entitled to a vote in Congress, to a voice on the bench, or to representation in any public office.”

In the wake of the recent Supreme Court ruling, we face a similar challenge. That’s why it’s so important that Congress consider new reforms to prevent corporations and other special interests from gaining even more clout in Washington. And almost all of these reforms are designed to bring new transparency to campaign spending. They are based on the principle espoused by former Supreme Court Justice Louis Brandeis – that sunlight is the best disinfectant.

Shadowy campaign committees would have to reveal who’s funding their activities to the American people. And when corporations and other special interests take to the airwaves, whoever is running and funding the ad would have to appear in the advertisement and claim responsibility for it – like a company’s CEO or an organization’s biggest contributor. This will mean citizens can evaluate the claims in these ads with information about an organization’s real motives.

We know how important this is. We’ve all seen groups with benign-seeming names sponsoring television commercials that make accusations and assertions designed to influence the public debate and sway voters’ minds. Now, of course every organization has every right in this country to make their voices heard. But the American people also have the right to know when some group like “Citizens for a Better Future” is actually funded entirely by “Corporations for Weaker Oversight.”

In addition, these reforms would address another troubling aspect of the Supreme Court’s ruling. Under the bill Congress will consider, we’ll make sure that foreign corporations and foreign nationals are restricted from spending money to influence American elections, just as they were in the past – even through U.S. subsidiaries. And we’d keep large contractors that receive taxpayer funds from interfering in our elections as well, to avoid the appearance of corruption and the possible misuse of tax dollars.

Now, we can expect that these proposed changes will be met with heavy resistance from the special interests and their supporters in Congress. But I’m calling on leaders in both parties to resist these pressures. For what we are facing is no less than a potential corporate takeover of our elections. And what is at stake is no less than the integrity of our democracy. This shouldn’t be a Democratic issue or a Republican issue. This is an issue that goes to whether or not we will have a government that works for ordinary Americans – a government of, by, and for the people. That’s why these reforms are so important. And that’s why I’m going to fight to see them passed into law.

Thanks so much.

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30
Apr
10

Microsoft sidelines ‘Courier’ tablet project

NEWS
Microsoft sidelines ‘Courier’ tablet project

Friday, April 30, 2010

Microsoft has sidelined a ‘Courier’ project said to be focused on building a twin-screen tablet computer that could be used for entertainment and work.

‘At any given time, across any of our business groups, there are new ideas being investigated, tested, and incubated,’ Microsoft spokesman Frank X. Shaw (Corporate Vice President, Corporate Communications) said in a message posted on Thursday on the U.S. software giant’s blog.

‘The Courier project is an example of this type of effort and its technologies will be evaluated for use in future Microsoft offerings.’

Microsoft has kept details of the project secret, declining to confirm or deny what it is about.

Leaked reports of the table described it as opening like a book to reveal two screens operated by touch.

Shaw said he posted his brief comments in response to ‘a tonne of speculation’ about Courier.

A Microsoft tablet computer was expected to debut in January at the Consumer Electronics Show, which features the debuts of many of the tech-world’s latest devices.

Microsoft chief executive Steve Ballmer instead touted a Hewlett-Packard tablet computer during his on-stage presentation.

Industry insiders were expecting Courier to rival Apple’s freshly-launched iPad tablet computer.

The Wi-Fi-only model of the latest device from the maker of the Macintosh computer, the iPod and the iPhone went on sale in the United States on April 3.

The company sold over 500,000 iPads the first week.

Apple promised that its iPad models featuring 3G cellular connectivity will hit U.S. stores on Friday.

Apple has said that heavy US demand has forced it to delay the international release of the iPad by a month, until late May.

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