Monday, July 22, 2013

Charlie Munger Joins a Roundtable Discussing China-U.S. Investment Challenges

The 21st Committee of 100 Annual Conference hosts a roundtable discussion of U.S. and China bilateral investment challenges and choices.

The speakers include:

Moderator:
Dominic Ng, Chairman and Chief Executive Officer, East West Bank

Speakers:
Victor K. Fung, Chairman, Li & Fung Group

Charles Munger, Vice Chairman, Berkshire Hathaway

Jim Sinegal, Co-Founder and Director, Costco Wholesale Corporation

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Source: http://www.gurufocus.com/news/224301/charlie-munger-joins-a-roundtable-discussing-chinaus-investment-challenges

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Sunday, July 21, 2013

Woman's Six Flags roller coaster death probed

ARLINGTON, Texas (AP) ? Investigators will try to determine Saturday if a woman who died while riding a roller coaster at a Six Flags amusement park in North Texas fell from the ride dubbed the tallest steel-hybrid coaster in the world after not being properly secured by staff, as some witnesses accounts contend.

The accident happened just after 6:30 p.m. Friday at Six Flags Over Texas in Arlington. Park spokeswoman Sharon Parker confirmed that a woman died while riding the Texas Giant roller coaster but did not specify how she was killed. Witnesses told local media outlets that the woman fell.

"She goes up like this. Then when it drops to come down, that's when it (the safety bar) released and she just tumbled," Carmen Brown of Arlington told The Dallas Morning News. Brown said she was waiting in line to get on the ride when the accident happened.

Brown said she also witnessed the woman being strapped into the ride.

"They didn't secure her right. One of the employees from the park ? one of the ladies ? she asked her to click her more than once, and they were like, 'As long you heard it click, you're OK.' Everybody else is like, 'Click, click, click.' Hers only clicked once. Hers was the only one that went down once, and she didn't feel safe, but they let her still get on the ride."

Six Flags expressed sadness over the death and said it was temporarily closing the section of the park around the accident site. It didn't say how long the area would be closed. A message left for Parker by The Associated Press was not returned.

"Our thoughts and prayers are with the family and friends during this difficult time," the park's statement said.

The Texas Giant reaches 14 stories high and has a drop of 79 degrees and a bank of 95 degrees. It can carry up to 24 riders. The ride first opened in 1990 as an all-wooden coaster but underwent a $10 million renovation in 2010 to install steel-hybrid rails before reopening in 2011.

Brown said she was next in line behind the woman and saw her being strapped into her seat next to her son.

"We heard her screaming. We were like, 'Did she just fall?'" Brown said.

Arlington police Sgt. Christopher Cook, the department spokesman, referred all questions to Parker. No other details were available.

In another amusement park accident Friday, a boat on an Ohio thrill ride accidentally rolled backward down a hill and flipped over in water when the ride malfunctioned, injuring all seven people on it. Operators stopped the Shoot the Rapids water ride after the accident, which occurred on the ride's first hill, the Cedar Point amusement park in Sandusky, Ohio, said.

In 1999, a 28-year-old Arkansas woman drowned and 10 other passengers were injured when a raft-like boat on the Roaring Rapids ride at Six Flags overturned in 2 to 3 feet of water about 200 feet from the end of the ride.

Six Flags Over Texas opened in 1961 as the first amusement park in the Six Flags system. It is 17 miles west of downtown Dallas.

Source: http://news.yahoo.com/womans-six-flags-roller-coaster-death-probed-060222031.html

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Saturday, July 20, 2013

NBA Approves Charlotte Name Change

Updated:?July 19, 2013,?8:10 am?ET

The Charlotte Hornets are back.

The NBA Board of Governors unanimously approved changing the Charlotte Bobcats name back to the Hornets beginning for the 2014-15 season during its summer meeting Thursday in Las Vegas.

The Hornets brand became available when the New Orleans Pelicans officially gave it up earlier this year as part of their own name change. The Charlotte Hornets moved to New Orleans in 2002, and the Bobcats joined the league as an expansion team in ?04. Commissioner David Stern said Bobcats owner Michael Jordan has been in discussions to get the Hornets name back since he bought the team in 2010.

via Brian Windhorst of ESPN.com

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Source: http://www.hoopsworld.com/nba-approves-charlotte-name-change?utm_source=rss&utm_medium=rss&utm_campaign=nba-approves-charlotte-name-change

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Palestinians: Israel must agree on borders

RAMALLAH, West Bank (AP) ? A stormy, high-level meeting of senior Palestinian leaders called to discuss U.S. Secretary of State John Kerry's latest peace proposal ended with a decision early Friday to demand guarantees that Israel agree on the general border of a future Palestinian state, officials said.

The demand casts a cloud of uncertainty over months of U.S. mediation efforts because Israel is weary of agreeing to preconditions, arguing it has not led to successful peace talks in the past. Palestinian officials said they wanted guarantees to ensure peace talks would lead to fruition.

Hoping to push Israelis and Palestinians toward talks, U.S. President Barack Obama asked Israel's prime minister, Benjamin Netanyahu, to work with Kerry "to resume negotiations with Palestinians as soon as possible," according to a statement released by the White House late Thursday.

After two separate meetings, Palestinian officials said they decided to send top negotiator Saeb Erekat to meet with Kerry "and inform him that Palestinians want guarantees regarding the general border," said Wasel Abu Yussef, a member of the Palestine Liberation Organization's executive committee, who was in the meeting.

He was referring to Israel's de facto border that separates the Jewish state from the West Bank and east Jerusalem, territories that Israel conquered in the 1967 Mideast war, alongside the Gaza Strip.

Palestinians claim those territories for their future state, with modifications reached through agreed "land swaps" that would see major Jewish settlement blocks built in the West Bank becoming part of Israel proper, in exchange for territories elsewhere.

Abu Yussef said Erekat would also ask for more clarifications from Kerry on what Israel expects from negotiations.

He said Palestinians did not want to reject Kerry's efforts to restart negotiations outright. Another official in the meeting, who spoke on condition of anonymity because of the matter's sensitivity, said they felt pressure from Palestinians to not restart negotiations if they could not be seen producing substantive outcomes.

Suggesting Palestinian officials would be open to talks, they deliberately did not bring up their often-repeated demand that Israel stop building in Jewish settlements in the West Bank and east Jerusalem before talks could resume.

The anonymous Palestinian official said they had decided, so far, not to make the demand this time. He said if Israel agreed on a general border route before negotiations began, it would delegitimize Jewish settlement building in areas expected to be part of a Palestinian state.

Palestinian President Mahmoud Abbas convened the two meetings beginning Thursday with his advisors after a lengthy meeting with Kerry earlier in the week. While Kerry has not publicized details of his plan, the Arab League's decision Wednesday to endorse his proposal raised speculation that the Palestinians would agree. Abbas traditionally has sought the blessing of his Arab brethren before making any major diplomatic initiative.

U.S. officials played down hopes that negotiations would begin soon.

"There are currently no plans for an announcement on the resumption of negotiations," Jen Psaki, a spokeswoman for Kerry, told reporters in neighboring Jordan. An Israeli Cabinet minister said no deal was imminent.

A U.S. official said Kerry would consult with Israeli and Palestinian leaders on Friday before ending his visit to the Middle East and returning to the United States but made no mention of an announcement of new negotiations. The official spoke on condition of anonymity because he was not authorized to discuss Kerry's plans publicly.

Kerry has been shuttling for months in search of a formula to allow resumption of talks after a nearly five-year break. Talks have been stalled since late 2008, with the status of Israeli settlements at the heart of the deadlock.

Netanyahu has rejected the Palestinian demands, saying talks should begin without preconditions.

Ahmed Majdalani, another executive committee member, said Kerry has proposed holding talks for six to nine months focusing on the key issues of borders and security arrangements.

He said Kerry would endorse the 1967 lines as the starting point of negotiations and assured the Palestinians that Israel would free some 350 prisoners gradually in the coming months. The prisoners would include some 100 men that Israel convicted of crimes committed before interim peace accords were signed in 1993. Israel has balked at freeing these prisoners in the past because many were convicted in deadly attacks.

Although the plan does not include a settlement freeze, it was not clear whether Israel would accept any reference to the 1967 lines.

Israeli Cabinet minister Yair Lapid said it was "too early to say" whether Kerry had found a formula for talks.

"Secretary Kerry has done a tremendous job in trying to put both sides together," he told The Associated Press. "Of course Israel is more than willing and has expressed its agreement to go back to the negotiation table, but apparently it's going to take a little more time."

While Israel has balked at Palestinian demands, the international community has largely rallied behind the Palestinian position on borders and Jewish settlements.

In a show of displeasure over the settlements, the European Union announced this week it would stop providing research and cooperation grants to Israeli entities that operate in the occupied territories. Israeli leaders condemned the decision.

On Thursday, Israeli President Shimon Peres urged the EU to reconsider the ban, saying it could undermine Kerry's efforts.

Peres urged the EU to "give priority to peace" and warned the ban "could cause another crisis."

___

Associated Press writer Matthew Lee in Amman, Jordan, contributed to this report.

Source: http://news.yahoo.com/palestinians-israel-must-agree-borders-001629417.html

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DPD to let UK shoppers track home deliveries in real time (video)

DPD to let UK shoppers track home deliveries in real time video

If you're like us, you want a better sense of where your packages are than "on truck for delivery." So does the UK's DPD, apparently, as it's rolling out a Follow My Parcel service that will let online shoppers track their goods in real time. The feature gives customers a web link that lets them see both the delivery vehicle's live position and a package's place in the queue. The new system is accurate enough to narrow the delivery window to 15 minutes -- in theory, recipients won't be caught off-guard again. There's also options for giving the shipment to a neighbor or rescheduling the shipment altogether. Follow My Parcel should be available through Interlink Express on August 5th, and British retailer ASOS already plans to offer the service to its customers.

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Comments

Via: The Verge

Source: DPD, Interlink Express (Twitter)

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/wUCmV40mZFg/

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Source: http://encribd.com/colorado-mountain-college-foundation-scholarships/

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