Drake In 'Anchorman 2': Rapper Spotted On Set Of 'Anchorman: The Legend Continues' (PHOTO)

Celebrity Photos: May 2013

Isla Fisher attended the Opening Ceremony and premiere of "The Great Gatsby" during the 66th Annual Cannes Film Festival at Palais des Festivals on May 15 in Cannes, France.

Celebrity Photos: May 2013

Emma Stone stepped out in New York City on May 15 looking adorable as always.

Celebrity Photos: May 2013

Leonardo DiCaprio, Carey Mulligan and Baz Luhrmann posed together at "The Great Gatsby" photocall at the 66th Cannes Film Festival on May 15.

Celebrity Photos: May 2013

A very pregnant Penelope Cruz and her brother Eduardo visited their sister Monica at the hospital after she gave birth to a baby girl on May 14 in Madrid, Spain.

Celebrity Photos: May 2013

Zoe Saldana looked incredible at the "Star Trek Into Darkness" premiere held at The Dolby Theatre in Hollywood, Calif., on May 14.

Celebrity Photos: May 2013

Nicole Kidman arrived at the Martinez Hotel in Cannes, France to attend a photocall of the Jury on the eve of the 66th edition of the Cannes Film Festival on May 14.

Celebrity Photos: May 2013

Katie Holmes was spotted on the set of "Mania Days" in New York City on May 14.

Celebrity Photos: May 2013

Emma Watson arrived on a flight at the Nice Airport on May 14 to attend the upcoming 66th Annual Cannes Film Festival in France.

Celebrity Photos: May 2013

Lea Michele attended the FOX 2013 Programming Presentation Post-Party at Wollman Rink Central Park in New York City on May 13.

Celebrity News: May 2013

Angelina Jolie revealed that <a href="http://www.huffingtonpost.com/2013/05/14/angelina-jolie-double-mastectomy_n_3271514.html?utm_hp_ref=celebrity" target="_blank">she had a double mastectomy</a> after discovering she carried a cancer gene on May 14.

Celebrity Photos: May 2013

Owl City's Adam Young took a snack break while helping launch the new OREO cookie "Wonderfilled" campaign in NYC on May 14.

Celebrity Photos: May 2013

Alyson Hannigan was spotted leaving the AOL office after visiting The Huffington Post in New York City on May 13.

Celebrity News: May 2013

Angie Everhart <a href="http://www.huffingtonpost.com/2013/05/13/angie-everhart-cancer-diagnosis_n_3267500.html" target="_blank">confirmed that she's been diagnosed</a> with thyroid cancer.

Celebrity Photos: May 2013

Selma Blair was seen enjoying her Mother's Day with her son, Arthur Bleick at the beach in Malibu, Calif., on May 12.

Celebrity Photos: May 2013

Jennifer Aniston and Justin Theroux took a stroll after shopping at Barney's and dining at Fred's Restraunt in New York City on May 12.

Celebrity Photos: May 2013

Sienna Miller attended the Arqiva British Academy Television Awards at the Royal Festival Hall on May 12 in London.

Celebrity Photos: May 2013

Reese Witherspoon flaunted her legs in short shorts while watching her son's football game in Brentwood, Calif., on May 11.

Celebrity Photos: May 2013

Selena Gomez was spotted spending some time at the pool in Miami, Fla., on May 11.

Celebrity Photos: May 2013

Halle Berry flaunted her baby bump at the 20th Annual EIF Revlon Run/Walk For Women held at the Los Angeles Memorial Coliseum in Los Angeles, Calif., on May 11.

Celebrity Photos: May 2013

Liv Tyler took a walk with a male friend around West Village in New York City on May 10.

Celebrity Photos: May 2013

Stephen Amell hosted the F*ck Cancer event on May 9 at Bootsy Bellows in Los Angeles, Calif.

Celebrity Photos: May 2013

Pregnant actress Jenna Dewan headed out of her home in London on May 9.

Celebrity Photos: May 2013

Kerry Washington stopped by "Extra" at The Grove in Los Angeles, Calif., on May 8.

Celebrity Photos: May 2013

Bradley Cooper went incognito as he headed to the set of "American Hustle" on May 8 in Boston.

Celebrity Photos: May 2013

Ryan Reynolds was spotted walking his dog Baxter while sporting the new Fitbit Flex Wireless Activity Wristband in Bedford, NY on May 7.

Celebrity Photos: May 2013

Olivia Wilde was spotted rocking Carrera shades at Carrera Ignition Night in New York City on May 7.

Celebrity Photos: May 2013

Jennifer Lopez and Casper Smart held hands while leaving their hotel in New York City on May 7. Check out J.Lo's tight leather pants!

Celebrity Photos: May 2013

Blake Lively rocked thigh-high boots and a little black dress for a photo shoot in New York CIty on May 7.

Celebrity Photos: May 2013

Jennifer Lawrence and Sarah Jessica Parker share a laugh while attending the "PUNK: Chaos To Couture" Costume Institute Gala at the MET Museum in New York City on May 6.

Celebrity Photos: May 2013

Beyonce looked amazing at the "PUNK: Chaos To Couture" Costume Institute Gala at the MET Museum in New York City on May 6.

Celebrity Photos: May 2013

Kristen Stewart wowed in a jumpsuit at the "PUNK: Chaos To Couture" Costume Institute Gala at the MET Museum in New York City on May 6.

Celebrity Photos: May 2013

Nina Dobrev dazzled at the "PUNK: Chaos To Couture" Costume Institute Gala at the MET Museum in New York City on May 6.

Celebrity Photos: May 2013

Gwen Stefani and Gavin Rossdale attended the "PUNK: Chaos To Couture" Costume Institute Gala at the MET Museum in New York City on May 6.

Celebrity Photos: May 2013

Jessica Biel flashed her bra while she was out with her dogs for a walk on May 6 in New York City.

Celebrity Photos: May 2013

Brooke Burke-Charvet and her son enjoyed Wendy`s new Frosty Waffle Cones in Los Angeles, Calif., on May 6.

Celebrity Photos: May 2013

Kim Kardashian and Kanye West held hands on May 5 before heading to dinner in New York City.

Celebrity Photos: May 2013

Joshua Jackson and Diane Kruger were seen walking together in SOHO in New York City on May 5.

Celebrity Photos: May 2013

Josh Hartnett was snapped catching a cab in New York City on May 5.

Celebrity Photos: May 2013

The crowd watched as Paris Hilton and her boyfriend River Viiperi shared a sweet kiss at the Pool After Dark at Harrah's Resort in Atlantic City on May 4.

Celebrity Photos: May 2013

Orlando Bloom had his hands full during an afternoon outing in Beverly Hills, Calif., with 2-year-old son Flynn on My 4.

Celebrity Photos: May 2013

Keith Urban carried 2-year-old daughter Faith while 4?-year-old Sunday Rose stuck close to mom Nicole Kidman as the family ventured out in Hollywood on May 4.

Celebrity Photos: May 2013

LeAnn Rimes sported short shorts as she shopped in Los Angeles, Calif., on May 3.

Celebrity Photos: May 2013

Nina Dobrev visited the Origins Flatiron store for the launch of the new Origins GinZing? Energy-boosting on May 3 in New York City.

Celebrity Photos: May 2013

Leonardo DiCaprio and Jay-Z partied with Mo?t & Chandon at the after party for the NY premiere of "The Great Gatsby" on May 1.

Celebrity Photos: May 2013

Heidi Klum was spotted leading the "Right End" Hair Revolution at The Grove on May 1 in Los Angeles, Calif.

Celebrity Photos: May 2013

Allison Williams rocked spandex as she filmed scenes for "Girls" in Chinatown, NYC, on May 1.

Celebrity Photos: May 2013

LaLa Anthony provided some added comfort by donating Dr. Scholl's Massaging Gel Insoles to construction workers at the Seaside Heights boardwalk on May 1. The New Jersey town is working tirelessly on the rebuilding efforts after Hurricane Sandy.

Celebrity Photos: May 2013

Hilary Duff donned a tight red dress as she headed into "The Today Show" in New York City on May 1.

Celebrity Photos: April 2013

Amy Poehler hosted Worldwide Orphans Salon Event presented by Shutterfly on April 30 in Los Angeles, Calif.

Celebrity Photos: April 2013

Nicole Richie attended the AOL 2013 Digital Content Newsfront at Moynihan Station in New York City on April 30.

Celebrity Photos: April 2013

Kristin Cavallari arrived on a flight at LAX airport in Los Angeles, Calif., with her son Camden on April 30.

Source: http://www.huffingtonpost.com/2013/05/18/drake-anchorman-2_n_3299973.html

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Life In The Fast Lane

Set in New York, the playground of the wealthy living a crazy existence. OOC- If you wish to join you must create 2 characters, one of each gender.

Isabelle Marlow

age- 25

Description: A recent law school graduate from Yale, Isabelle has hardly been back to the city since she started college. Most of her friends have moved away and her parents have moved to Chicago, leaving her their Penthouse on Central Park West.
She's returned to the city having been offered a job at Goldman and Banks law firm and is looking to get back into the swing of things in the new york social scene.

Drake Bennetton

age- 24

Description- As a young journalist working at the one of the city's leading newspapers, Drake is living the dream he's had since he started working on his high school paper back in Chicago. Except he's working as a social scene columnist in New York, not his ideal job. He's keen to meet people and make a splash in New York's writing world.

Source: http://feedproxy.google.com/~r/RolePlayGateway/~3/yqVASJjP-OQ/viewtopic.php

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SKorea says NKorea fires 3 short-range missiles

A South Korean man watches a TV news reporting missile launch conducted by North Korea, at a Seoul Train Station in Seoul, South Korea, Saturday, May 18, 2013. North Korea fired three short-range guided missiles into its eastern waters on Saturday, a South Korean official said. It routinely tests such missiles, but the latest launches came during a period of tentative diplomacy aimed at easing tensions. The letters at a screen read " Fired three short-range guided missiles." (AP Photo/Ahn Young-joon)

A South Korean man watches a TV news reporting missile launch conducted by North Korea, at a Seoul Train Station in Seoul, South Korea, Saturday, May 18, 2013. North Korea fired three short-range guided missiles into its eastern waters on Saturday, a South Korean official said. It routinely tests such missiles, but the latest launches came during a period of tentative diplomacy aimed at easing tensions. The letters at a screen read " Fired three short-range guided missiles." (AP Photo/Ahn Young-joon)

South Koreans watch TV news showing a footage of North Korean missiles on a military parade, at a Seoul Train Station in Seoul, South Korea, Saturday, May 18, 2013. North Korea fired three short-range guided missiles into its eastern waters on Saturday, a South Korean official said. It routinely tests such missiles, but the latest launches came during a period of tentative diplomacy aimed at easing tensions. (AP Photo/Ahn Young-joon)

SEOUL, South Korea (AP) ? North Korea fired three short-range guided missiles into its eastern waters on Saturday, a South Korean official said. It routinely tests such missiles, but the latest launches came during a period of tentative diplomacy aimed at easing tensions.

The North fired two missiles Saturday morning and another in the afternoon, South Korean Defense Ministry spokesman Kim Min-seok said by phone. He said the North's intent was unclear. His ministry said it is watching North Korea carefully in case it conducts a provocation against South Korea.

In March, North Korea launched what appeared to be two KN-02 missiles off its east coast. Experts believe the country is trying to improve the range and accuracy of its arsenal.

North Korea recently withdrew two mid-range "Musudan" missiles believed to be capable of reaching Guam after moving them to its east coast earlier this year, U.S. officials said. The North is banned from testing ballistic missiles under U.N. Security Council resolutions.

Earlier this year, North Korea threatened nuclear strikes on Seoul and Washington because of annual U.S.-South Korean military drills and U.N. sanctions imposed over its third nuclear test in February. The drills ended late last month. This past month, the U.S. and South Korea ended another round of naval drills involving a nuclear-powered aircraft carrier off the east coast. North Korea calls such drills preparation to invade the North.

Analysts say the recent North Korean threats were partly an attempt to push Washington to agree to disarmament-for-aid talks.

This past week, Glyn Davies, the top U.S. envoy on North Korea, ended trips to South Korea, China and Japan. On Friday, an adviser to Japanese Prime Minister Shinzo Abe returned from North Korea but didn't immediately give details of his talks with officials there.

On Monday, North Korean state media showed that the country's hard-line defense minister had been replaced by a little-known army general. Outside analysts said it was part of leader Kim Jong Un's efforts to tighten his grip on the powerful military after his father Kim Jong Il died in December 2011.

The United States and Japan are participants in six-nation nuclear disarmament talks along with the Koreas, Russia and Japan. North Korea walked out of the talks in 2009 after the United Nations condemned it for a long-range rocket launch.

North Korea possesses an array of missiles. U.S. and South Korean officials do not believe the North's claim that it has developed nuclear warheads small enough to place on a missile. Last week in Washington, South Korean President Park Geun-hye and President Barack Obama warned North Korea against further nuclear provocations.

Tension between the two Koreas remains high after both sides pulled out their workers from a jointly run factory complex earlier this year. The countries remain technically at war after the 1950-53 Korean War ended in a truce instead of a peace treaty.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2013-05-18-NKorea-Missile/id-f57ab532701a4370a1a925e8740319ab

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NAIS Career Center: Business Management jobs, California jobs, P ...

P/T (50%) CFO POSTED: May 17 Salary: Open Location: California Employer: Gateway School Type: Part Time - Administration Category: Business Management Preferred Education: Masters

? Position Description: Chief Financial Officer Part-Time (50%) Year-Round Gateway School REPORTS TO:??Head of School POSITION SUMMARY:Gateway School is a CAIS-accredited independent school in Santa Cruz, CA serving 270 students in grades kindergarten through grade 8. The CFO position is primarily a ?value-added? role; the CFO leads a team of two full-time positions in the Business Office, and the Facilities/I.T. Manager, and various vendors.? All financial and administrative transactions are conducted by the Business Office personnel while the CFO is expected to prepare management reports, budgets and forecasts, long range financial projections, scenario planning, financial analyses for the board, Finance Committee and Head of School, and ensure the financial success and viability of the school. ? GENERAL AREAS OF RESPONSIBILITY: Financial management and decision support Management reporting Internal business controls Support future acquisition of an owned campus, including negotiation of a long term loan, support for a capital campaign, and financial plans for financing, funding and spending on a new campus Revenue planning (tuition and fee rates, ancillary program fees), and expense planning and control Build relationships with Gateway School board members, banks, and CFOs of other CAIS schools Oversee the financial aid process Manage facilities and administrative I.T. through the Manager of Facilities and Admin I.T. Manage Human Resources Administration processes (benefits, new hire process, records, etc.) Risk management, including insurance, campus security and employee training Financial oversight of all ancillary programs of the school, currently including the Summer Program and the After Care Program. Liaison with campus lessor, neighbors, and City of Santa Cruz SPECIFIC RESPONSIBILITIES: ????? The following are representative of the types of activities in which the CFO will be involved: Oversee the Business Office functions including financial reporting, payroll, bank reconciliation, cash management, billing, accounts payable, investing, financial aid analysis, and human resources administration Cost center/department budgeting and expense control Prepare the annual financial plan and multi-year financial plans as needed Prepare monthly financial management reports for board ? Prepare financial research, benchmarking and analysis as required by the Head of School and the Finance Committee Develop financial models (primarily in Excel) to analyze various scenarios such as different tuition rates, differing enrollment levels, and other planning parameters Develop financial plans for various projects such as different new campus scenarios Work with Finance Committee to solicit and negotiate a loan for a new campus.?? Ensure that the school complies with all terms of any new loan and forecast/highlight any potential failure to comply well in advance so that appropriate action can be taken. Review the annual Form 990 and other external reporting requirements for accuracy Establish policies, procedures, standards and strategies for areas of responsibility and provide adequate internal control capabilities and strengths to safeguard the school?s assets and manage business risk Participate in managing the Purchasing function, which is shared among several managers Oversee administrative technology and facilities maintenance and renovations Administer and maintain all property, casualty and liability insurance for the school Review, update and implement school security and crisis management plans Review legal requirements in areas of responsibility and advise the Head of School on implications for the school Serve on the Head of School?s administrative team; attend board meetings and make presentations as required; member of the Finance and Executive Committees of the Board Work with the Development Department to support all fundraising processes Monitor and report on school investments to Finance Committee Working with the school?s benefits insurance broker, the Head of School and the Finance Committee, evaluate and select employee benefit programs? ?

Gateway School

CA

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Source: http://careers.nais.org/jobs/5413181/p-t-50-cfo

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Buying Real Estate Tax Liens | Tax Amnesty

Have you decided to purchase some real estate? Intending to purchase a new property? If this applies to you, dont panic, it is a lot simpler process now than previously. Home listings are readily available for all areas. It is easy to access the details you require without always having to go through an estate agent.

By far the quickest way to find a property for sale would be via the internet. For example, use a search engine to find prospective homes in the state or region you are researching. By entering a few simple keywords, homes for sale adverts is a good place to start, a wealth of information will be at your finger tips.

Advertisments from properties for sale all over the country will be available for your perusal. There will be literally hundreds of sites featuring homes from many different real estate agencies. The format of the classifieds and agency links may differ from site to site but do not let this confuse or deter you.

By modifying the keywords used in your initial search you can streamline the classifieds to those that are more relevant to you. This will help you find more property for sale in the correct price range and zip code. Some property sites have great features that can inform you of price reductions when they happen and when new properties in certain areas become available for sale. Contact details for real estate agents will be listed and they will be more than happy to offer some expert advice.

Consider all options available in your area. Set a price range and look at all the different living spaces in the local listings. A condominium may be more suitable for you than a mobile home. Classifieds may differ on the way they display the properties for sale in the same place so it is best sometimes to consult an estate agent. Before you do this complete your research so you can provide the agent with a selection of homes you are considering within your required area and more importantly within your budget. You never know, they may be able to point you in the direction of a property that may interest you.

Whatever property you decide is right for you, it is important that you think about your purchase carefuly. This desicion will affect the rest of your life so choose wisely. You should start hunting for the property of your dreams now but remember to invest your money in the right home for you. The right purchase can be immensely rewarding.

Source: http://sumgait.net/uncategorized/buying-real-estate-tax-liens/

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Mark Webber thinks Red Bull Racing were not quick enough in ...

Mark Webber thinks Red Bull Racing were not quick enough in Spain ? Formula 1 news

Red Bull Racing driver Mark Webber has said that they were not quick enough to challenge for a higher position in the 2013 Spanish Grand Prix.

Webber performed convincingly well in the last race at Circuit de Catalunya in Barcelona and managed to secure 5^th place finish after taking a start from 7^th grid slot. Although, he tried his best to improve his position towards the end of the race, but fail to make any further progress because of lack of pace.

On the other hand, his teammate, Sebastian Vettel could only secure 4^th place finish in the Spanish GP even after qualifying for 3^rd grid position.

The Australian driver has said that he tried his best to attain a more competitive position in the preceding race, but it was the best he could get as they were not quick enough as compared to their rivals.

?I think it's pretty much the maximum I could get to be honest,? Webber said. ?We were not quick enough to challenge too much further up the road. Ultimately if you're not quite quick enough you're not going to come up with magic strategy to get yourself out of that sort of pace situation.?

Nevertheless, he expressed that he is pleased with his performance in the last round and is confidently looking forward to perform well in the season ahead.

?After that I was happy with my drive; got back there but always a little bit on back foot in terms of strategy and ultimately we got result we deserved. The guys did good job in pit stops and that's all we could get from it, so fifth was maximum,? he added.

Presently, he is standing at 6^th place in the drivers? championship with 42 points. Besides, he is ahead of Romain Grosjean of Lotus and behind his main opponent, Felipe Massa of Ferrari. Although, he has not been able to attain consistent results in the first five races of this season as compared to the last one, but he is not feeling upset and is targeting to come up stronger in the forthcoming races.?

Source: http://blogs.bettor.com/Mark-Webber-thinks-Red-Bull-Racing-were-not-quick-enough-in-Spain-Formula-1-news-a215349

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Video: Big Name Investors' 13F

Sorry, Readability was unable to parse this page for content.

Source: http://www.nbcnews.com/video/cnbc/51896172/

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Barbara Walters announces retirement: How she changed TV news

Barbara Walters, America?s first TV evening news anchorwoman, is retiring from the news business after 52 years of interviewing the world?s top leaders and celebrities.

ABC News reported Sunday night that Ms. Walters will anchor and report for the organization for one more year before retiring in May 2014. She will make the official announcement Monday on ?The View,? an all women talk show she created in 1997.

?There?s only one Barbara Walters,? ABC News President Ben Sherwood said. ?And we look forward to making her final year on television as remarkable, path-breaking and news-making as Barbara herself.?

RECOMMENDED: Are you smarter than a Fox News viewer? How about a CNN viewer? Take our quiz to find out.

She began her TV journalism career in 1961 at NBC?s ?Today? show, before moving to ABC?s ?Evening News? in 1976 and later becoming co-host of ?20/20.? Her decades long career has included interviews with some of the world?s most interesting personalities including Saddam Hussein, Michael Jackson, Margaret Thatcher, and every US president and first lady since Richard Nixon.

In 1977, Walters landed an interview with Cuban leader Fidel Castro. He took her on a tour of the Bay of Pigs and into the mountains where he had been a guerilla. She grilled him about the country?s control over the media, asking why he didn?t allow dissenting opinions to be aired. ?Barbara, we do not have your same conceptions,? Mr. Castro said during the interview. ?Our concept of the freedom of the press is not yours. And I say this very honestly, I have nothing to hide.?

The interview later aired in Cuba ? more than three hours of questioning, minus his views on prisoners and torture ? the first time an interview with an American journalist aired there, Walters said in an interview with the Archive of American Television.

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One of her biggest scoops came later that year, when Walters did a joint interview with Egypt?s president Anwar Sadat and Israeli Prime Minister Menachem Begin ? the first time the two leaders appeared together for the media. She beat out Walter Cronkite for the interview. It was the first time that President Sadat visited Israel ? a step Walters called courageous due to their tumultuous relationship.

?It was a historic interview,? Walters told the Archive of American Television.

Fast forward to 2012, when Walters interviewed another Middle East leader: Syria?s Bashar al-Assad. In his first interview with Western media since the beginning of Syrian uprising, he denied allegations that he gave orders to attack or torture Syria?s citizens.

?There was no command to kill or be brutal,? he said.

Not all her interviews were hard-hitting journalism, as Walters often sat down with celebrities or other people making headlines ? like Monica Lewinsky.

Walters?s interview with Ms. Lewinsky had more than 74 million viewers when it aired in 1999 ? a record for ABC, the Daily Beast reported.

?I have a lot of healing to do,? Lewinsky told Walters, referring to the media coverage of her affair with President Bill Clinton. Lewinsky told Walters that if she ever had children, she would tell them that ?Mommy made a big mistake.?

?And that is the understatement of the year,? Walters said at the end of the segment.

Whether she?s remembered for serious journalism or celebrity infotainment, there is no doubt that Walters pioneered a path for other female TV journalists.

?Saying that Barbara Walters blazed a trail for a generation of female journalists would understate her impact,? MSNBC anchor Mika Brzezinski, told the Daily Beast in March, when rumors of Walter?s retirement first surfaced. ?Barbara broke the rules, made up a new set for women to work by, and broke them again in a sweeping, breathtaking career that revolutionized broadcast news and made my career possible."

TV anchor Dan Rather told the Daily Beast that Walters deserves to retire after decades of working against gender discrimination in the TV news industry.

?Barbara is a marvelously determined person. But a lot of people had the dream, and even had the determination, but they don?t have the work ethic that Barbara has had,? he said in March. ?And can you imagine how difficult it was for any woman to break through on television? Barbara did it. A few other women have broken through, strictly on the entertainment side, but Barbara was the first one in news who really climbed to the top of Everest.?

RECOMMENDED: Are you smarter than a Fox News viewer? How about a CNN viewer? Take our quiz to find out.

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Source: http://news.yahoo.com/barbara-walters-announces-retirement-she-changed-tv-news-170546623.html

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Argentina faces very different debt default if loses legal fight

By Hilary Burke

BUENOS AIRES (Reuters) - When Argentina defaulted on its debt in 2002, the economy was collapsing and a bloody popular revolt had helped topple two presidents in a week. Now, the country could default again, but it would be over a matter of principle rather than necessity.

After a decade of sleepy litigation, investors got a jolt late last year when U.S. courts ruled in favor of "holdout" creditors who had rejected Argentine debt exchanges in 2005 and 2010 and sued to be repaid in full on their defaulted bonds.

A U.S. judge ordered Argentina to pay the holdouts the full $1.33 billion owed them the next time it serviced restructured debt. Argentina appealed, and a ruling by the 2nd U.S. Circuit Court of Appeals is expected in the coming weeks.

Investors are following the case closely because Argentina appears willing to enter into technical default in order to avoid paying the holdouts any more than other creditors received.

The nearly 93 percent of bondholders who accepted the debt exchanges got returns of as low as 25 cents on the dollar.

Tough-talking Argentine President Cristina Fernandez has pledged to keep paying the restructured debt but vows never to pay the "vultures" that bought the bonds at a steep discount and sued for full repayment.

When Argentina defaulted on some $100 billion in bonds 11 years ago, its debt represented 166 percent of gross domestic product. Bank deposits were frozen and devalued, the economy shrank 11 percent in one year, and millions lost their jobs.

Argentina's economy rebounded after that crisis and boomed during most of the last decade. Although growth slowed sharply in the last year and inflation is high, the debt burden is down to about 42 percent of GDP.

In other words, Argentina could pay the holdouts if it wanted, but it refuses to do so.

"Argentina will not blink and neither will the holdouts, so this will lead to a technical default," said Shahriar Shahida, co-founder of Constellation Capital Management LLC in New York, which is currently invested in Argentina and believes it would be unfair to favor the holdouts over exchange bondholders.

"This is an unparalleled case of somebody defaulting not because they don't have capacity, not because they don't have willingness, but because somebody is forcing them to do something egregious," he said.

MARKETS ON EDGE

Argentina says it will fight the holdouts - led in this case by Elliott Management affiliate NML Capital and Aurelius Capital Management - all the way to the U.S. Supreme Court.

Sources familiar with the position of Elliott and Aurelius say Argentina has never shown a willingness to negotiate.

Investors anticipate the country will eventually defy U.S. courts if they insist the holdouts be paid in full.

In that scenario, Argentina is widely expected to force a technical default on the restructured bonds issued under New York law - which would be most directly affected by the rulings - while trying to create a new payment scheme for those bonds.

One option would be a swap in which the exchange bondholders turned in their New York paper for new Argentine-law bonds. Some analysts warn that might not be doable, however.

The default would be technical because Argentina might try to pay the exchange bondholders without paying the holdouts, and the courts could then disrupt the payments. Or the country could suspend payments on the restructured bonds citing its own laws, which bar it from paying the holdouts on better terms.

Argentine economic officials have refused to discuss whether they are evaluating a "Plan B" for payments. The next interest payments on restructured bonds come due June 2 and June 30.

When the court rulings first came down last year, many investors scrambled to sell off their Argentine bonds and some firms specializing in distressed debt moved in to buy.

The market has since stabilized and the restructured bonds regained some ground in April. Argentina's Global 2017, issued during the 2010 debt swap, is now yielding around 16.3 percent, down from 19.6 percent in early March.

In terms of credit default swap contracts - which act as insurance against a default - the maximum payout possible dropped sharply in late 2012 and now stands at about $1.53 billion, data from the Depository Trust & Clearing Corp shows.

CDS payouts would likely be less, however, after an auction process to determine the recovery value of the defaulted bonds.

Ultimately, Argentina is no longer as relevant to global credit markets as it used to be. It has not issued international debt since the 2002 default and its weighting on the JPMorgan Chase EMBI+ emerging market sovereign bond index has shrunk to 1.8 percent from over 23 percent in early 2001.

Capital controls and more-recent foreign currency restrictions have further isolated the country, which is seen as an anomaly in largely market-friendly Latin America.

Credit Suisse analysts said last week that most of their contacts in Buenos Aires believe the spillover effects of a technical default "would be relatively small due to Argentina's relative isolation from international capital markets and the ongoing deterioration in Argentina's business climate."

LEGAL OUTLOOK

In November, U.S. District Judge Thomas Griesa ordered Argentina to deposit the $1.33 billion owed to holdouts in an escrow account by December 15, when restructured debt came due.

He also required that third parties involved in payments on Argentina's restructured bonds be held accountable if the court order were evaded. This included Bank of New York Mellon Corp, which acts as trustee for the exchange bondholders.

The 2nd Circuit suspended these orders under an emergency judicial stay while reviewing Argentina's appeal.

It is not clear, however, that the stay would remain in place if Argentina had to appeal to the Supreme Court. Most analysts seem to think it would, but there is no guarantee.

It is also anyone's bet how the 2nd Circuit will rule. The court upheld Griesa's original decision, finding Argentina had discriminated against the holdouts and violated the "pari passu" or equal treatment clause in their defaulted bond contracts.

But with the U.S. government arguing Griesa's rulings could complicate future sovereign debt restructurings, the 2nd Circuit may seek to limit the scope of the payment orders.

The appeals court asked Argentina to submit its own payment proposal, which essentially echoed the terms of the 2010 swap. NML and Aurelius rejected this outright.

If Argentina appealed to the Supreme Court and its case were accepted for review, a ruling could be made as late as June 2015, according to Bank of America Merrill Lynch analysts.

A new Argentine default, no matter how short-lived, would tend to push bond prices lower and hurt the balance sheets of local banks, which hold lots of debt. But most economists do not think there would be massive fallout, in part because Argentine exporters are much less reliant on trade finance than in 2002.

Guillermo Nielsen, who as finance secretary helped push through Argentina's tough debt restructuring in 2005, said nonetheless a default should be avoided at all costs.

"The New York financial market is important not only for less developed countries but also for developed countries. Even Sweden issues debt in the New York market," Nielsen said. "And here we have everything to be made, to be built, to be created. We need that financing."

(Additional reporting by Daniel Bases in New York and Alejandro Lifschitz and Guido Nejamkis in Buenos Aires; Editing by Kieran Murray, Bernard Orr)

Source: http://news.yahoo.com/argentina-faces-very-different-debt-default-loses-legal-110556026.html

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92% Lore

All Critics (90) | Top Critics (23) | Fresh (83) | Rotten (7)

It's a harrowing walk through the heart of darkness.

Saskia Rosendahl gives an impressively poised performance as the beautiful teenager, whose determination to protect her remaining family coincides with her growing revulsion toward her parents.

"Lore" is not a pretty story, but it is a good and sadly believable one.

"Lore" is not a love story, nor the story of a friendship. Rather, it's a story of healing and of how breaking, sometimes painfully, is often necessary before that process can begin.

A fiercely poetic portrait of a young woman staggering beyond innocence and denial, it's about the wars that rage within after the wars outside are lost.

Full of surprises, the movie draws a thin line between pity and revulsion - how would you feel if you had discovered your whole life had been based on lies?

Think "Little Red Riding Hood" meets The Road.

Unflinching but thoroughly engrossing, the film provides a rarely depicted look at the Holocaust's other innocent victims. Beautiful cinematography by Adam Arkapaw.

Proves that there is always room for another [World War II] story if it can be presented in an original and unexpected fashion.

Texture and detail embellish a provocative story

Child of Nazi parents faces an uncertain future

[Director Cate] Shortland directs with an almost hypnotic focus, favoring Lore's immediate experience over the big picture.

Rosendahl's performance is raw and compelling, as Lore fights for her siblings' survival and grows up in a hurry.

Lore and her siblings make a harrowing journey across Germany

Worthwhile, but so subtle that it's frustrating.

The Australian-German co-production takes an unconventional tale and turns it into a challenging, visually stunning and emotionally turbulent film experience.

Over the river and through the woods, to Grandmother's house we go. Except this ain't no fairy tale... unless it is, perhaps, a hint of the beginnings of a new mythology of ... scary childhood and even scarier adolescence...

With a child's perspective on war, "Lore" deserves comparisons with "Empire of the Sun" and "Hope and Glory," and with a feisty female protagonist it stands virtually alone.

Rosendahl...provides both narrative and emotional continuity to a film whose deliberate pace and fragmented presentation of reality might otherwise prove exasperating.

A burning portrait of consciousness and endurance, gracefully acted and strikingly realized, producing an honest sense of emotional disruption, while concluding on a powerful note of cultural and familial rejection.

Although there are moments that push the story a bit beyond credulity, Shortland has created something remarkable by forcing us to find within ourselves sympathy for this would-be Aryan princess.

Stunning, admirable and indelible - truthfully chronicling the triumph of the human spirit - in a class with Michael Haneke's 'The White Ribbon.'

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Source: http://www.rottentomatoes.com/m/lore/

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See what happened at the Windows Phone Boston Hackathon

On the weekend of April 13^th and 14^thLance McCarthy (XAML Support Specialist at Telerik and Nokia Ambassador) hosted a two day Windows Phone training and hackathon in Boston.?

The first half of day one was an intense training regimen of 5 days of code camp content squeezed into 8 hours with 10 minute breaks between sessions.? Starting with the basics and moving up to advanced topics like NFC and speech recognition, these developers absorbed an amazing amount of information in a short time.

After the training ended, the hackathon started. Developers started coding away on their app ideas, integrating the Telerik RadControls for Windows Phone in many different ways to produce some amazing apps. Lance continuously went from dev to dev, providing hands-on assistance and guidance on their projects.?

The deadline to finish was 3:30 PM on Sunday. There were 43 apps submitted in total! Each developer/team presented their creation to the audience and judges over the next two hours. In the end there could only be three top apps. See the winners here.

We had a film crew there to follow their amazing two day journey. ?

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And here is what participants at the Hackathon say about the Telerik Windows Phone tools:

Source: http://www.pheedcontent.com/click.phdo?i=494a46ec02448f36a48c8b8924ecd8b9

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Internet sales tax bill faces tough sell in House

Sen. Patrick Leahy, D-Vt., president pro tempore of the Senate, right, and Sen. Thad Cochran, R-Miss., left, walk to the floor of the Senate during a vote on legislation to collect sales tax on Internet purchases, on Capitol Hill in Washington, Monday, May 6, 2013. (AP Photo/J. Scott Applewhite)

Sen. Patrick Leahy, D-Vt., president pro tempore of the Senate, right, and Sen. Thad Cochran, R-Miss., left, walk to the floor of the Senate during a vote on legislation to collect sales tax on Internet purchases, on Capitol Hill in Washington, Monday, May 6, 2013. (AP Photo/J. Scott Applewhite)

Chart shows U.S. online sales and projections

Sen. Lisa Murkowski, R-Alaska, left, and Sen. Ron Wyden, D-Ore., right, leave the Senate floor after voting on legislation to collect sales tax on Internet purchases, on Capitol Hill in Washington, Monday, May 6, 2013. (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) ? Traditional retailers and cash-strapped states face a tough sell in the House as they lobby Congress to limit tax-free shopping on the Internet.

The Senate voted 69 to 27 Monday to pass a bill that empowers states to collect sales taxes from Internet purchases. Under the bill, states could require out-of-state retailers to collect sales taxes when they sell products over the Internet, in catalogs, and through radio and TV ads. The sales taxes would be sent to the states where a shopper lives.

Current law says states can only require retailers to collect sales taxes if the merchant has a physical presence in the state.

That means big retailers with stores all over the country like Wal-Mart, Best Buy and Target collect sales taxes when they sell goods over the Internet. But online retailers like eBay and Amazon don't have to collect sales taxes, except in states where they have offices or distribution centers.

"This bill is about fairness," said Sen. Mike Enzi, R-Wyo., the bill's main sponsor in the Senate. "It's about leveling the playing field between the brick and mortar and online companies and it's about collecting a tax that's already due. It's not about raising taxes."

The bill got bipartisan support in the Senate but faces opposition in the House, where some lawmakers regard it as a tax increase. Grover Norquist, the anti-tax advocate, and the conservative Heritage Foundation oppose the bill, and many Republicans have been wary of crossing them.

Supporters say the bill is not a tax increase. In many states, shoppers are required to pay unpaid sales tax when they file their state tax returns. However, states complain that few taxpayers comply.

"Obviously there's a lot of consumers out there that have been accustomed to not having to pay any taxes, believing that they don't have to pay any taxes," said Rep. Steve Womack, R-Ark., the bill's main sponsor in the House. "I totally understand that, and I think a lot of our members understand that. There's a lot of political difficulty getting through the fog of it looking like a tax increase."

On Tuesday morning, House Speaker John Boehner, R-Ohio, declined to say whether the House would take up the bill. Later, he told Bloomberg Television in an interview that he would "probably not" support the bill. But he said he would refer it to the House Judiciary Committee and "we'll see what they think."

Rep. Bob Goodlatte, R-Va., chairman of the Judiciary Committee, said there are problems with the bill, but he did not reject it outright.

"While it attempts to make tax collection simpler, it still has a long way to go," Goodlatte said in a statement. Without more uniformity in the bill, he said, "businesses would still be forced to wade through potentially hundreds of tax rates and a host of different tax codes and definitions."

Goodlatte said he's "open to considering legislation concerning this topic but these issues, along with others, would certainly have to be addressed."

Internet giant eBay led the fight against the bill in the Senate, along with lawmakers from states with no sales tax and several prominent anti-tax groups. The bill's opponents say it would put an expensive obligation on small businesses because they are not as equipped as national merchandisers to collect and remit sales taxes at the multitude of state rates.

Businesses with less than $1 million in online sales would be exempt. EBay wants to exempt businesses with up to $10 million in sales or fewer than 50 employees.

"The contentious debate in the Senate shows that a lot more work needs to be done to get the Internet sales tax issue right, including ensuring that small businesses using the Internet are protected from new burdens that harm their ability to compete and grow," said Brian Bieron, eBay's senior director of global public policy.

Some states have sales taxes as high as 7 percent, plus city and county taxes that can push the combined rate even higher.

Many governors ? Republicans and Democrats ? have been lobbying the federal government for years for the authority to collect sales taxes from online sales.

The issue is getting bigger for states as more people make purchases online. Last year, Internet sales in the U.S. totaled $226 billion, up nearly 16 percent from the previous year, according to government estimates.

States lost a total of $23 billion last year because they couldn't collect taxes on out-of-state sales, according to a study done for the National Conference of State Legislatures, which has lobbied for the bill. About half of that was lost from Internet sales; half from purchases made through catalogs, mail orders and telephone orders, the study said.

Supporters say the bill makes it relatively easy for Internet retailers to comply. States must provide free computer software to help retailers calculate sales taxes, based on where shoppers live. States must also establish a single entity to receive Internet sales tax revenue, so retailers don't have to send it to individual counties or cities.

Opponents worry the bill would give states too much power to reach across state lines to enforce their tax laws. States could audit out-of-state businesses, impose liens on their property and, ultimately, sue them in state court.

___

Associated Press reporter Andrew Miga contributed to this report.

___

Follow Stephen Ohlemacher on Twitter: http://twitter.com/stephenatap

Associated Press

Source: http://hosted2.ap.org/apdefault/89ae8247abe8493fae24405546e9a1aa/Article_2013-05-07-Internet%20Sales%20Tax/id-759f5ff32c964051b892ee5811bf9447

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