Tuesday, May 22, 2012

Aston Martin Legacy of Beauty Reflected in Exclusive Jewelry Collection

Australian designer Calleija and famed luxury car company Aston Martin are partnering to create an exclusive line of jewelry celebrating the Aston Martin legacy. John Calleija, who is of Maltese and Italian descent, imbues his beautiful pieces with a sense of true European style, and in 2000 was awarded with the De Beers Diamond International Award. The honor is considered the largest Design Award in the world. The designer consistently pushes boundaries, travelling the world to discover the best gems and metals and spearheading innovations within the field which includes his launch of the new “Glacier” cut for precious stones. 


The Calleija collection of Aston Martin jewelry took six years to design and feature a fitting 77 pieces of jewelry with 30 different designs. The style was molded around the Aston Martin front grill and uses an Astar cut gemstone. Like the One-77 itself, the goal of the collection was a line of impeccably beautiful jewelry that embodied the prestige and perfection of Aston Martin. Aston Martin and Calleija’s partnership represents a new era of luxury lifestyle products. The blending of luxury brands defies the economic climate, and helps to give power to the individual brands by representing their qualities in a new way. 





Maybach Exelero

Audi: Truth in 24 II: Every Second Counts


Luxury Car maker Audi chronicles its winning race team’s efforts at the 24-hour Le Mans race in France. The film, which debuted nationwide on Speed TV in early May, is the third of a trilogy of films documenting the Audi sports teams and the U.S. Ski team’s pursuit of excellence. 

The latest film follows Audi Sports Team Joest attempt to capture the racing team’s tenth victory at the 2011 Le Mans race. Action-adventure actor Jason Statham adds an intriguing narrative to Truth in 24 II: Every Second Counts. Audi released Truth in 24, also narrated by Jason Statham, at AFI FEST, in 2008. The film depicted the Audi R10 team and its quest for a third consecutive outright win of the famous 24-hour race at Le Mans.    

Apple's New Campus




Apple Inc's chief financial officer is asking the residents of Cupertino, California, to support the company's new 2.8 million square foot spaceship-like campus, which critics say would increase traffic and pressure city services.

In a brochure mailed last week to its neighbors in the Silicon Valley city, Apple's CFO Peter Oppenheimer asked them to write a letter, attend a public meeting, or let the company use their names in support of its building plans, according to one of the people who received it. A response card was included for respondents to express support and comment on the plans.

The brochure included renderings and details of the project, dubbed "Campus 2", which Apple wants to build and occupy by the end of 2015. The company said in the brochure that Campus 2 would be in addition to its current headquarters, which will remain at 1 Infinite Loop in Cupertino.

Oppenheimer touted the design and the benefits of the new campus, saying "what's currently a sea of asphalt will be transformed into nearly 120 acres of green space."

He noted that the 126-acre campus would include wooded walking areas, restaurants and fitness centers, but it would not be open to the public.

The Most Expensive Home in The US

Lil Wayne Truckfit Launch Party













Existing Home Sales Have Largest Gain in 6 Years

Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million.
The median price of an existing home climbed 10.1 percent to $177,400 from $161,100 in April 2011, the strongest year-to-year gain since January 2006. The median price in April reached its highest level since July 2010 when it was $182,100.
The inventory of homes for sale in April rose to 2.54 million, the highest level since last November, bringing the months’ supply of homes on the market to 6.6.
The 10.0 percent yearly gain in the sales rate was the strongest since October when sales were up 14.0 percent year-over-year.
Distressed homes – foreclosures and short sales sold at deep discounts – accounted for 28 percent of April sales (17 percent were foreclosures and 11 percent were short sales), down from 29 percent in March and 37 percent in April 2011, the NAR said. Foreclosures sold for an average discount of 21 percent below market value in April (compared with an average discount of 19 percent in March), while short sales were discounted 14 percent in April compared with 16 percent in March.
The months’ supply of existing homes for sale remains well below the July 2010 cyclical peak of 12.4 which had been the highest level since 1982. Inventories as tracked by theNAR are 20.3 percent below their year ago level. However, anecdotal evidence suggests there is still a large “shadow” inventory of homes available for sale, especially bank-owned properties.
Regionally, existing-home sales rose in April in every region of the country led by a 5.1 percent month-to-month increase in the Northeast where sales were up19.2 percent over April 2011. Sales rose 4.4 percent over March in the West (a 7.3 percent year-year gain), 3.5 percent in the South (6.5 percent year-year) and 1.0 percent in the Midwest (14.4 percent year over year).
The median price of an existing home rose month-to-month and year-to-year in all four regions. At $256,600, the median price of an existing home reached its highest level since August 2010. The median price of an existing home in the South rose to $153,400, the highest level since July 2010 and the median price of an existing home in the West rose to $221,700, also the highest since July 2010.
The year-to-year price gain in the West, 15.9 percent, was the strongest since November 2005. The year-to-year price increase in the Northeast was the first since last June.

Google buy Motorola



 Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing.
The deal closed Tuesday, nine months after Google Inc. made a surprise announcement that it wanted to expand into the hardware business with the most expensive and riskiest acquisition in its 14-year history. The purchase pushes Google deeper into the cellphone business, a market it entered four years ago with the debut of its Android software, now the chief challenger to Apple Inc.'s iPhones.
In Motorola, Google gets a cellphone pioneer that has struggled in recent years. Motorola hasn't produced a mass-market hit since it introduced the Razr cellphone in 2005. Once the No. 2 cellphone maker, Motorola now ranks eighth with 2 percent of the worldwide market share, according to Gartner.
As had been expected, Google CEO Larry Page immediately named one of his top lieutenants, Dennis Woodside, as Motorola's CEO. He replaces Sanjay Jha, 49, who will stay on just long enough to assist in the ownership change.
Woodside, 43, has spent the past three years immersed in online advertising as president of Google's America region, which accounted for $17.5 billion of Google's revenue last year. Motorola Mobility Holdings Inc. booked $13.1 billion in revenue during its final year as an independent company.
Nevertheless, Woodside's background in online advertising is likely to raise questions about whether he is the best choice to oversee a company that specializes in making smartphones, tablet computers and cable-TV boxes.
"It's a bit concerning because online advertising is quite different than the hardware business," Gartner Inc. analyst Carolina Milanesi said. "Google is so focused on advertising that it doesn't consider that kind of thing."
Google depends on digital ads for 96 percent of its revenue, which totaled $38 billion last year.
In a statement, Page praised Woodside as an outstanding leader who has "been phenomenal at building teams and delivering on some of Google's biggest bets."
The takeover became possible only after government regulators were satisfied that the acquisition wouldn't stifle competition in the smartphone market. China removed the final regulatory hurdle by granting its approval Saturday. Regulators in the U.S. and Europe had cleared the deal three months ago.
Google wants Motorola largely for its trove of 17,000 cellphone patents, which the search company can use to defend Android phones against lawsuits accusing them of copying key features from the iPhone.
But in recent months, Google has been signaling that it has been drawing up more ambitious plans for the newly acquired hardware business.
Macquarie Securities analyst Benjamin Schachter believes Google is particularly interested in developing a snazzier tablet computer powered by its Android software to compete against Apple's hot-selling iPad and Amazon.com Inc.'s Kindle Fire.
Owning a handset and tablet manufacturer will also allow Google to exert more control over how Android runs on the devices. That has been difficult for Google to do because it gives away Android to other hardware manufacturers, which can tweak the software to suit their own agenda.
In moving beyond its expertise in search and software into manufacturing a wide range of equipment, Google will test its ability to keep Android partners, shareholders and employees happy.
Google will have to reassure its Android partners such as Samsung Electronics Co. and HTC Corp. that Motorola's devices won't get souped-up versions of the software or receive other preferential treatment.
If it appears Google is favoring Motorola, manufacturers might consider building their own mobile operating system or defect to Microsoft Corp.'s Windows software, which is getting a major facelift this year.
"This gives Google a chance to develop and showcase a 'next generation' device for mobile computing," said N. Venkat Venkatraman, a Boston University professor specializing in technology and management. "But it could also create a complex issue for Google. How do you balance the desire to create something that consumers love without upsetting the rest of the Android ecosystem?"
Milanesi suspects Google might also try to design a Motorola smartphone that caters to the needs of companies and government agencies.
"Like almost everything Google does, I think they will try a lot of different things and then do whatever is best for them," Milanesi said.
Signaling its intention to experiment, Google said it has created an "advanced technology and projects group" at Motorola. It will be run by Regina Dugan, a former director of the U.S. Defense Advanced Research Projects Agency, or DARPA, which specializes in coming up with national security innovations. DARPA was how the Internet got its start more than four decades ago.
In a statement Tuesday, Motorola spokeswoman Jennifer Weyrauch-Erickson said the plan under Google's ownership is to make "fewer, but bigger launches." She said Woodside wasn't available for an interview.
Motorola's cable-TV boxes could provide Google with a springboard for delivering more of its services, including advertising, to living rooms. However, cable companies control the market for set-top boxes, and they resist any intrusion into their realm.
Google also will likely have to do some hand-holding with investors who have been worried about Motorola's troubles eroding Google's hefty profit margins.
"If it looks like Motorola is just a lab or toy for Google, investors are going to be asking themselves whether the company is spreading itself too thin," Venkatraman said.
As its line of smartphones has waned in popularity, Motorola has suffered losses totaling $1.7 billion during the past three years. Google has earned $25 billion over the same stretch.
Page already has decided to operate Motorola separately partly because of the contrasting fortunes of the two companies. That will make it easier for investors to track how the different lines of business are faring. For now, Motorola will continue to have its headquarters in Libertyville, Ill., far from Google's Silicon Valley home in Mountain View, Calif.

PLUNGE

Analysts who broke away from the herd and told investors to avoid Facebook, the biggest initial public offering ever by a technology company, are looking like heroes after the stock plunged.
The social networking site lost 19 percent through yesterday to $34.03 after opening at $42 on May 18. That’s consistent with warnings from Richard Greenfield of BTIG LLC and Brian Weiser of Pivotal Research Group LLC, who says the stock will slip as low as $30. It left five firms with bullish calls predicting an average rally of 36 percent and one, Tom Forte of Telsey Advisory Group, saying shares may rise 47 percent to $50.


Sentiment toward the offering worsened yesterday after Facebook fell below the $38 price set by underwriters, burning investors who speculated the Menlo Park, California-based company would mimic IPOs such as Linkedin, which doubled on its first day. While bulls forecast benefits as companies shift advertising to the Internet, Wieser said Facebook’s price is too high and the path to growth unclear.
“There’s always a risk of buying into excessive hype, using rules of thumb for valuation that are divorced from fundamentals,” Wieser, a New York-based analyst at Pivotal, said in a telephone interview yesterday. “There are many things that really speak to the uncertainty investors should be incorporating when they’re thinking about Facebook.”

Analyst Disagreement

The range of price estimates compiled by Bloomberg as of yesterday is wider than normal. At $20, the difference between the lowest and highest is 59 percent of Facebook’s stock price, compared with an average of 36 percent for the companies in the Standard & Poor’s 500 Index. The biggest gap is in Tempe, Arizona-based First Solar Inc, an energy technology provider, at 376 percent of its price, data compiled by Bloomberg show.
The wider gap in analysts’ estimates “reflects uncertainty about a new entity but also that their business model is one that’s in continual development,” Peter, who helps manage about $2.9 billion at Oakbrook Investments in Lisle, Illinois, said in a telephone interview. “They own and have access to a lot of information, but they’re still struggling with finding an effective way of monetizing that information.”
Underwriters led by Morgan Stanley set an IPO price that valued the company at 107 times reported earnings in the last 12 months, more than every S & P 500 stock except Seattle-based Amazon and Equity Residential, a real estate investment trust in Chicago. The valuation made Facebook, co-founded in 2004 by Harvard University student Mark Zuckerberg, the largest technology IPO of all time.

Bringing the 80's back

Synergy aircraft


Flying in the air has always been costlier than having a ride on road in a car. But it seems that the scenario is for an immediate overturn or so claims designer John McGinnis, the man behind the innovative Synergy aircraft. The current evolution of aircraft engineering gives us enough confidence to think so.The Yunec Electric Sport plane prototype priced at around $89,000, and the highly fuel-efficient Pipistrel's four-seater airplane. The compact of the lot is this small passenger airplane, called the Synergy with a mesmeric power efficiency that will even beat our cars down in mileage. The Synergy project was introduced in NASA’s 2011 Green Flight Challenge and is in look for an initial financial support of $65,000 on Kickstarter.

Monday, May 21, 2012

Rick Ross and Swizzbeats at Carol City High







Iguazu Falls











Don't Believe The Hype

Facebook, the social networking site that raised $16 billion in an initial public offering, fell below its $38 offer price in its second trading day.
The shares dropped 11 percent to $34.03 at the close in New York. The stock rose less than a percent to $38.23 at the close of its first day of trading on May 18.


Facebook, with more than 900 million users, is trying to attract more marketers to boost sales as competition increases. The company, the biggest provider of online display ads in the U.S., is set to lose the top spot to Google next year, according to EMarketer Inc. The offering valued Facebook at 107 times trailing 12-month earnings, more than every S&P 500 member except Amazon.com Inc. and  Equity Trade Today’s slump reinforces concern that the IPO was priced too high.
“Investors are clearly recognizing the risks embedded in the stock,” said Brian Weiser, an analyst at Pivotal Research Group LLC, who has a sell rating on the stock and doesn’t own it. “It’s just been priced for perfection at the IPO price, and that’s clearly unrealistic.”
Morgan Stanley, the bank that handled the IPO, stepped in to prop up the stock to keep shares from dipping below the offer price on May 18, said people with knowledge of the matter, who asked not to be identified because the purchases were private.

Shareholders ‘Want Out’

“It looks like they’re through spending their own money to support the price,” Francis, president of researcher IPOdesktop.com in Marina del Rey, California, said in an interview today. “Shareholders are lined up at the gate --they want out.”
The IPO also suffered from trading glitches on its first day. Nasdaq Chief Executive Officer Robert said a “poor design” in software driving auctions for IPOs caused issues with Facebook’s first trading day.
Morgan Stanley completed its role in the IPO auction at 11:11 a.m. on May 18, Greifeld said last week. Between then and 11:30 a.m., customers kept submitting cancellations and updating existing orders, putting Nasdaq’s systems into a “loop” and preventing it from opening the stock, he said.
The IPO valued the Menlo Park, California-based company site at $104 billion.


Diamonds

Please inquire for information on a 63ct Heart shaped diamond available for $14,200,000.


Made in America

Later today Jay-z will be announcing his line up for the Made in America festival. The list will be Drake, Pearl Jam, Odd Future, Afrojack, Santigold and D'Angelo.

Made In America

Later today, the full lineup will be announced for Jay-Z’s first annual “Made In America” festival, going down in Philadelphia September 1st and 2nd. Some of the names have already leaked (out of the 28 acts said to be performing) and it’s already giving some major competition to the Rock The Bells going down nearby at the same time! Find out who’s on the bill so far below, and keep checking IFWT for updates later on the full lineup! Tix on sale on LiveNation this Wednesday. The set list so far includes Santigold, Odd Future, Drake, Miike Snow, Pearl Jam, D’Angelo, Skrillex and Afrojack.

Sunday, May 20, 2012



Google continues to dominate search engine market share and establish itself as one of today’s most recognizable brands, because of one simple word – relevance.
This term in its most simplistic form is what defines every aspect of Google’s evolution and is the largest determinant in their future success. But how Google measures relevance is not so simple. It is a highly sophisticated and ever-changing model based on complex algorithms named after cute and cuddly things like Penguins and Pandas (two very recent and important updates).
Don’t let the names fool you. Not understanding the impact of Penguin and Panda can seriously limit your ability to be seen as relevant, and can eliminate your ability to generate leads online.
Everyone tries to manipulate and master the algorithm maze, but in the end, very few make it to the first page of Google for any given search term. The algorithms that Google uses to determine relevancy are frequently refined as they are committed to intelligently tuning the search engine to consistently provide the best possible search results and eliminate weak and spammy web pages from the index.
The latest Google algorithm changes have primarily focused on off-site factors like the quality of backlinks pointing to your site. Gone are the days that poor quality backlinks from non-authority sites will support ranking positions that generate traffic.
Let’s take a closer look at some ranking factors in Google’s algorithms that can cause your rankings to tumble, and some improvements that can be made to conquer these challenges to help ensure your Website remains relevant in 2012 and beyond.
1. Make your website an authoritative source for information - Many agents believe that if you build a website, consumers will come. Maybe, if you put your website address physically in their hands in the form of a business card…. Simply publishing a website and then walking away doesn’t work and puts you at a strong disadvantage when compared to your web-savvy competitors. And it certainly doesn’t take advantage of the power of the Internet for marketing. If you must tell consumers your web address, you have already failed.
Developing an authoritative source for localized market information takes a lot of work. It doesn’t happen by buying magical SEO beans that some telemarketer or over-hyping website sells you.
Adding an exhaustive list of local vendors or republishing someone else’s blog posts isn’t going to do it either. However, having a review section for local industry and non real estate-related vendors is a fantastic way to generate unique and user-friendly content for your site.
If you would like to include content that is written by industry leaders, or share “what’s happening” information from a popular local blog, then write a synopsis of that specific article. Whether it is about the local market, a provocative political piece or a post about a new restaurant opening, writing your own rendition of the article is another smart way to generate unique and attention-worthy content. Be sure to cite the original article as many authors that publish on the web are appreciative of the gesture and may even link back to your article from their blog, potentially generating additional traffic to your site.
A word of caution with using the new curation tools out there that simply copy snippets other people’s blogs to your site: don’t do it! Use curation of content to give you ideas for blogging and as a way to be informed about the social conversation taking place about specific topics, but realize that Google doesn’t value copied content on your site.
The other not-so-obvious way to build up the number of pages that feature housing information is to make sure your site features an indexable MLS IDX. For those of you out there that are not familiar with this technology, indexable MLS IDX means that the listings that are searchable on your site are able to be measured and weighed by Google as your listings, and not that of your local MLS.
2. Who’s informing the source? AKA – Who loves you baby? Google is progressively looking at the social graph. How engaged are your Internet marketing efforts within the social sphere? Are you sharing content and more importantly, is anyone sharing, liking and retweeting your content across the web? This is one of the hardest obstacles industry marketers face because the chance of going “viral” in this business is almost nil. This is not your fault or the fault of your assistant or marketing team. Trying to go viral by force is an obnoxious notion that rarely works. The best you can do is to create share-worthy content, whether it is articles, photos or videos. Even a witty meme could get you some very desirable social shares on any number of social sites that Google deems as relevant.
Keeping up social appearances is tremendously important as the word on the street is that Google will begin to devalue strategies that are easily manipulated such as link building via blog networks. If you don’t register a blip on the social graph but have 5,000 links pointed to your site using very strategic anchor text (the words in links that go to your site) Google’s algorithms are going to notice the disparity in weight. How much value this old method of link building will be devalued has yet to be seen. Diversity is the safest way to invest in your Internet marketing future. Don’t depend on any one source to provide all of your ranking cues to Google. If you do buy rSeo, be sure to use a company that keeps up with Google.
3. Regency – staying minty fresh - This can easily loop back into including synopses of interesting and geographically relevant articles or general industry-related articles on your web pages. The origin of Google’s algorithm known as the “Freshness” update comes from a relatively old Google patent that scores documents based upon how fresh the content is.
It would be a mistake to make a blanket statement that all pages must be refreshed frequently or Google will score them lower than others, but there is a certain half-life to your web pages. The rate of decay increases over time. Making small changes to your content will not likely have any impact so if you’re going to update your content, do so significantly. Adding a blog to your site will increase the number of pages over time which is a positive thing as this is seen as updated content. Updating on-page content can have a powerful impact on your visitors as well – are you still using a photograph and bio from 1995?
Google’s algorithms will continue to change, so as a website owner, you always need to be aware of what Google is evaluating you for.

American Dream:How Ferragamo’s Arch stepped into an empire


In 1907, Bonito, Italy, 9-year-old Salvatore Ferragamo could often be found intently watching the town cobbler tan leather skins, cut patterns, shape them around a wooden foot-shaped “last” and stitch the pieces together.
This did not amuse his father: Respectable people did not make shoes. Then fate changed the story.
Mariantonia, Salvatore’s mother, needed two pairs of white shoes for her 6-year-old daughter’s First Holy Communion, one pair for Giuseppina and another for the elder Rosina, the attendant. Furtively, Salvatore scurried to the cobbler’s, asking for white canvas, two child-size lasts and tools. The next morning, Mariantonia woke to find four small pairs of pristine white shoes. She gushed. The father relented. So begins the tale of Salvatore Ferragamo.
Two years later, Salvatore’s father suddenly died from an infection and, at the age of 11, the boy announced he would go to Naples to study his craft. After only a brief stay there, though, he borrowed money from an uncle to open his own shop back in Bonito.
At this juncture, the world, even Italy, thought little of shoes. Colors were limited -- the dominant palette was black, brown and white -- and styles, too, with low-heeled pumps, spectators, oxfords and buttoned or laced-up Edwardian boots. Poor families bought handmade shoes expected to weather a lifetime. Only the privileged could choose shoes to match an occasion or outfit.
Factory-Made Shoes
As World War I spread throughout Europe, however, the U.S. created methods of mass production, and cobbling became a booming industry. Now, shoes were less expensive, so women could afford to own more of them, and shorter skirts raised awareness of what they wore on their feet. Manufacturers could turn out shoes in various colors and styles.
Still, back in Bonito, where, by 1912, Salvatore Ferragamo was working with six assistants, the shoemaker’s role remained secure. Then his older brother, Alfonso, visited from the U.S.
“In America,” Alfonso reported, “nobody works by hand anymore.” Alfonso described the shoe factories where soles could be stitched to uppers, and heels were composed by stacking layer upon layer of leather -- all in a matter of minutes. In America, he said, Salvatore could earn much more for his custom- made shoes. Salvatore resisted at first but, soon enough, he was packing to move to the U.S.
In Santa Barbara, California, Salvatore and his three brothers opened a small shop, where the older Ferragamos repaired shoes and 16-year-old Salvatore made new ones for the movie studios. Quickly he developed a specialty: comfortable, attractive, period-appropriate cowboy boots. “The West would have been conquered earlier if they had had boots like these,” said director Cecil B. DeMille.
Salvatore Ferragamo grew into a successful, dapper artist with rugged, Bogart-like good looks, speaking English with a thick Italian accent that charmed his patrons. But he wanted to improve his skills. He had mastered the practice of measuring the foot and cutting, shaping and stitching to fit. Still, some customers complained that his shoes hurt their feet. He enrolled at the University of Southern California, in Los Angeles, to study anatomy.
There, Ferragamo tested his theories about weight distribution and the human skeleton. And he realized that he, like everyone else, was making shoes wrong. By measuring the foot while flat, they were creating shoes that supported the ball and the heel only. But human feet, when they are wearing shoes, need arch support. Ferragamo began building it into his shoes, and suddenly his customers began telling him he made them the most comfortable shoes they’d ever worn.
Hollywood Boot Shop
In 1923, he moved to Los Angeles and opened the Hollywood Boot Shop on the corner of Hollywood and Las Palmas boulevards. The film industry still kept him busy (among other jobs, he made sandals for “The Ten Commandments”), and the store became a destination spot for starlets. Ferragamo, it seemed, had satisfied his dream of opening a store that mixed art, podiatric science and commerce.
Nevertheless, four years later, he closed his LA shop in pursuit of his next big idea. Over the years, to increase his inventory, he had begun to sell some machine-made footwear -- made on his own arch-friendly lasts -- but had never been satisfied with the quality of the shoes. He began to wonder why the factory model couldn’t be applied to handmade shoes. In Italy, where labor was cheaper than in America and shoemaking a more widespread artisanal craft, he could hire other cobblers to work for him, creating an assembly line on which every stage of manufacture would be touched by human hands.
Italian shoemakers weren’t won over easily, however. Ferragamo went first to Naples, where the cobblers laughed at his proposal. He tried Rome, Milan, Turin, Venice and Padua with no luck. Finally, he settled in Florence, all but bribing shoemakers to work for him by offering the highest wages around. With 60 men in his employ, Salvatore designed an 18-shoe collection. Then, after sailing back to New York, he invited the city’s top department-store buyers to his room at the Roosevelt Hotel to see his new shoes.
George Miller of the I. Miller department store was first to arrive. “You have nothing, nothing!” he proclaimed. “Go back to Hollywood.”
Ferragamo then called Manuel Gerton of Saks Fifth Avenue and braced himself.
Gerton was in a rush, but Ferragamo could see that his eyes were alight. “You have done something new, Salvatore,” he said. “You keep these shoes away from everyone. I want them.”
And so Ferragamos became the first Italian shoes ever to be exported and sold internationally.
Innovation in Shoemaking
The Great Depression decimated the stateside business and, by 1933, Ferragamo faced bankruptcy. Then, another blow: After Mussolini invaded Ethiopia in 1935, the League of Nations imposed sanctions on Italy. To make matters worse, as World War II gained traction, materials like leather, rubber and steel -- the staples of a shoemaker’s toolbox -- were diverted to military use. Supplies were so limited, Ferragamo considered trying to make shoes from glass.
Then, tinkering in his workshop early one morning, he slipped out to buy a box of chocolates for his mother, who had a sweet tooth. As he unwrapped a candy, he examined the transparent paper foil, manipulating it to test its pliability. He twisted it around his finger, gauging its strength. He bought sheets of transparent paper, experimented with layering and braiding them and found, to his delight, he could use them to make attractive uppers.
To solve the next problem -- how to make an elevated shoe without steel reinforcement -- Ferragamo thought of a design not used since the wedged sandals of ancient Greece: He would fill in the space between the heel and the ball of the foot with cork.
To advertise his new invention, Salvatore relied on a tried-and-true subset of consumers: wealthy, fashionable women. Sure enough, cork-bottomed wedges -- “lifties” or “wedgies” in the U.S. -- became enormously popular. By 1939, Ferragamo estimated that 86 percent of American-made women’s shoes were wedges, though he received disproportionately little financial reward. He had patented the style, but it caught on so quickly he couldn’t take legal action against every manufacturer that knocked it off. So the coolheaded cobbler returned to his drawing board to see what else he could create.

Software to blame

 
“This was not our finest hour,” Greifeld said, one day after Nasdaq’s board convened to discuss the offering. Asked if his job is secure, he said, “I certainly hope so.”
Nasdaq will use an “accommodation pool” to pay back investors that should have received executions in the opening auction, based on the decisions of a third-party reviewer, Greifeld said. It may total $13 million, he said.
Problems surfaced on May 18 at 11:11 a.m. New York time after Morgan Stanley, one of the underwriters that sold 421 million shares the night before, completed its role setting the price for the trade in Nasdaq’s opening auction, Greifeld said. Nasdaq’s software for IPOs allows investors to cancel or update details of orders until the auction runs. Trade requests received during the 5 milliseconds it took to operate the auction disturbed the process, leading to an imbalance of buys and sells and sending the program into a loop.

Manual Intervention

Nasdaq officials manually intervened to allow the auction to occur at 11:30 a.m. The IPO software “didn’t work” even after thousands of hours of testing for “a hundred scenarios” aimed at anticipating problems, Greifeld said. “We’re not happy with our performance,” he said on the call yesterday.
Volume during the auction amounted to 75.7 million shares, or almost 1 percent of trading during the entire day on all U.S. exchanges, according to data compiled by Bloomberg.
“We saw on a real-time basis, obviously with the pressure of the world upon us, that this was happening,” Greifeld said. “We then manually intercepted this cross,” he said. “That manual intervention said we had to ignore the cancels that came in between the raindrops as we were processing the trade.”
Nasdaq wound up with 5,000 shares of Facebook because of its intervention, Greifeld said. A broker was used to sell the stock that had been placed in the exchange’s so-called error account for $10 million. Greifeld said he would ask the SEC for permission to add the money to the $3 million available from the exchange, according to its rules, to repay investors that should have received trades.

Some Dispute

Orders totaling 30 million shares were submitted into the opening auction between 11:11 a.m. and 11:30 a.m., Greifeld said. About half of them may involve “some level of dispute,” he said. Greifeld said he didn’t think the delay in starting trading affected the price of Facebook shares.
Adding to the day’s confusion, Nasdaq reported an issue after trading began with confirming transactions from the opening auction with the brokerages that placed them. The exchange said in a statement posted to its website at 11:59 a.m. New York  time that it was having a problem delivering the messages. An update at about 1:57 p.m. said they had been sent.
“When you have a complex market system that gets overwhelmed, it fails in bizarre ways,” James Angel, a finance professor at Goergetown  said in a phone interview on May 18. “If you don’t know whether you got filled, you don’t know your position. If you’re buying you might buy more shares and then suddenly you’ve got twice as many shares as you wanted. It makes it hard to do your risk management and hard for brokers to know how much credit to extend to customers.”

$42 at Auction

Facebook advanced 23 cents to $38.23 after surging as high as $45. It fell as low as the IPO price of $38, which valued the company at $104.2 billion. More than 43 million shares were executed at that level, the second-most changing hands at any price except for $42, the opening auction price, data compiled by Bloomberg show.
Underwriters purchased shares to keep them from falling below $38, people with knowledge of the matter said. The bankers supported the stock amid Nasdaq’s difficulties delivering trade execution messages, said one of the people, who asked not to be identified because the transactions are private.
Facebook was originally scheduled to open at 11 a.m. At about 11:07 a.m., a Nasdaq official told market participants on a conference call that the exchange was delaying the opening. Aside from assurances that an update was coming, the phone line went silent until just before the first trade at about 11:30 a.m., according to two people who were on the call and asked not to be identified because the discussions were private.

Ignoring Requests

Buy and sell requests that should have been filled in the opening auction, based on the exchange’s rules, weren’t, while cancellations for other trade requests were ignored, they said. Their employers plan to appeal some of the results they received for orders sent to Nasdaq.
Nasdaq began experiencing problems with its bid and offer quotes after the opening auction trade. By 11:31 a.m., the exchange’s highest bid, or price at which market participants were willing to purchase shares, was $42.99, and its lowest offer to sell was $42.50, according to data compiled by Bloomberg. The quotes produced a so-called crossed market, where sellers appear to be asking less than buyers are willing to pay.
Other markets continued trading, usually with a difference of a few cents between their best bid and lowest offer. Nasdaq’s quotes were marked as manual and not electronically accessible, which allowed brokers and other exchanges to ignore the venue’s prices. Its offer price later dropped to $38.01 and remained at that level, almost $4 below the highest bid, until 1:49 p.m., according to data compiled by Bloomberg.

‘Don’t Like’

“Clearly investors would hit the ‘don’t like’ button,”Matt McCormic who helps oversee $6.2 billion at Bahl & Gaynor Inc. in Cincinnati, said in a telephone interview.
The IPO price valued the company at 107 times trailing 12- month earnings, more than all Standard & Poor’s 500 Index stocks except Amazon.com Inc. and Equity Residential. The valuation also made Facebook, co-founded in 2004 by a then-teenage Mark the largest company to go public in the U.S.
Customers of London-based Fidessa Group Plc, which helps asset managers track transactions, weren’t receiving confirmation of Facebook trades, according to an e-mailed statement. Michael Cianfrocca, a spokesman for Charles Schwab Corp. wrote in an e-mail: “There are currently industrywide delays in reporting trade executions. These issues do not appear to be unique to Schwab.”

TD Ameritrade

Uncertainty about whether orders received executions in the opening auction affected some clients of online broker TD Ameritrade Holding Corp., according to Steve Quirk, senior vice president of the trader group at the Omaha, Nebraska-based company. Facebook accounted for 22 percent of equities volume at the firm, he said by e-mail.
Clearing broker Pershing LLC told clients yesterday it worked through the weekend to address processing delays for purchases and sales of Facebook shares. The unit of Bank of New York Mellon Corp. expects to deliver trade information to customers’ account by around 7 a.m. on May 21, the broker said in the message.
Nasdaq shares fell 4.4 percent, the most since October, to $21.99 on May 18 following the problems with the IPO. NYSE, its larger rival, rose 0.3 percent to $24.61.
Facebook shares traded 582.5 million times on May 18, or about 6.6 percent of total volume on U.S. exchanges, according to data compiled by Bloomberg.
“I don’t think you’ll see a long-term downturn of volume on Nasdaq,” Karsh said. “Nasdaq will pick up a couple percentage points because it’s the primary listing venue for Facebook.

Ring of Fire



Thousands turned their eyes to the sky on both sides of the Pacific to gaze excitedly as a partial eclipse occluded the sun at dawn in Asia and at dusk in the western United States.
  
The eclipse began over southern China early Monday before moving westwards towards Japan, and was continuing across the Pacific towards North America late Sunday local time.
  
Clouds across much of eastern China prevented a clear view, with some early risers in Hong Kong able to see only a small sliver of the "annular" eclipse and others coming away disappointed.
  
An annular eclipse occurs when the moon passes in front of the sun, but is too far from the Earth to block it out completely, leaving a "ring of fire" visible.
  
But hundreds in Tokyo got a spectacular sight of the Japanese capital's first glimpse of the phenomenon in 173 years.
  
Sadanobu Takahashi, 60, from Japan's northern Akita prefecture, said he and his wife joined a special two-day tour of Tokyo to watch the eclipse from the top of a 54-floor building in the Roppongi district.
  
"Look! Now it's a perfect ring. How wonderful!" he cried out.
  
Around 200 people were gathered on the roof terrace, where two-year-old Hikaru Ichikawa jumped up and ran around with special viewing glasses designed to protect his eyes, shouting: "I can see it! I can see it!"
  
Commuters from businessmen to schoolchildren stopped on the streets of Tokyo to watch as the eclipse developed, cheering when it became visible.
  
Japanese electronics giant Panasonic sent an expedition to the top of Mount Fuji, 3,776 metres (12,388 feet) high, to film the phenomenon using solar-powered equipment.
  
"Our goal in this project is to broadcast the world's most beautiful annular eclipse from the highest mountain in Japan," the company said.
  
A climbing team took high-capacity rechargeable batteries to the base camp, and was planning to use the power of the sun to "broadcast this moment of a century from the top of Mt. Fuji".
  
In Hong Kong, a few thousand optimistic early birds gathered on the Victoria Harbour waterfront hoping to catch a glimpse of the spectacle, but were denied by total cloud cover.
  
But while others higher up in Hong Kong were able to get a small glimpse through the clouds, the best that the would-be viewers on the harbourfront could do was take photos of each other holding up their protective filters.
  
Thousands in the western United States were banking on clearer skies as they ventured out at sunset on Sunday.
  
One of the best spots in North America to see the full ring of fire effect was the tiny town of Kanarraville, Utah, where the local population of 350 was invaded by thousands of eclipse-watchers.
  
"I looked along the (eclipse path), and the West Coast is always misty and New Mexico was too high on the horizon," David Lee, a member of the Royal Astronomical Society from Victoria, Canada, told the Salt Lake Tribune.
  
"I thought Utah was as good a gamble as any," he told the newspaper in the town, some 230 miles south of Salt Lake City.
  
Further west in Los Angeles, thousands gathered at a viewing party at the Griffith Observatory, a hill-top star-gazing centre popular with tourists, overlooking the city and the nearby Hollywood sign.
  
Amid cloudless southern Californian skies, the moon was expected to cover 86 percent of the solar diameter at the eclipse peak, leaving a thin sliver of the sun in the sky, an hour two before sunset.
  
The observatory ran out of $2.99 eclipse glasses two days before the event, and on Sunday was only selling larger "solarama" shields, limited to two per family to see the eclipse, the most spectacular in LA for 20 years.
One of the most ambitious projects to mark the moment was being mounted by electronics giant Panasonic, which had sent an expedition to the top of Mount Fuji to film the eclipse using solar-powered equipment.


Rihanna

Lil Wayne's Home










Audi's Smartphone Controlled Bicycle

Audi, known globally for performance oriented cars and chic designs, revealed a two wheel modelat the Worthersee Autonews 2012 show, a meet-up of Audi, Volkswagen, Seat and Skoda (and their fans) in Carinthia, Austria.
The new bike, called the Audi e-bike Worthersee, is a lithium-iron-battery powered e-bike that according to Audi, explores technological limits on the basis of Audi’s core competences: design, connect, ultra, and e-tron to make a unique and innovative sport bike.
Neither a straight electric nor a normal bicycle, the company describes the prototype as “high-end pedelec” that’s made specifically for “sport, fun and tricks.” The design is super-futuristic, probably for the reason of steering away from other bike concepts. Audi wants us to know that this bike, like their cars, is performance, speed and flash-driven.
The e-bike is very light, the carbon-fiber frame weighing in at only 3.53 pounds, and the 26-inch wheels (made from Carbon Fiber Reinforced Polymer) weigh only 1.32 pounds each. The swinging arm for the rear wheel is also made of CFRP, making all of the main components very, very light– 46 pounds with the motor.
The electric motor, according to Audi, “is a permanent magnet synchronous machine; it is located at the lowest point on the frame and drives the bottom bracket shaft directly.”
The e-bike has three different levels of power. You can either just pedal or the electric motor can take some of the pressure off, or you can sit back, relax and let the electric motor do all the grunt work.
Also– there are “wheelie” modes, where if you tip the bike back on the rear wheel and ride it upright, with the motor taking care of balance issues. Maybe not totally practical, but this is an interesting take on the different ways a bike can be ridden. Plus, it doesn’t seem like Audi was going for “practical.”
To top it all off, it has an awesomely fast top speed at 50 miles per hour.

Saturday, May 19, 2012

T.I.P.

Ignorant Art. Clifford also known as T.I. in the studio with Australian Producer Iggy Azalea.


The Beau Sancy

One of the world’s oldest and most famous diamonds, the Beau Sancy, has sold for 9.7 million dollars at an auction in Geneva - twice its reserve.
The 35-carat gem was worn by Marie de Medici at her coronation as Queen of France in 1610. It was owned by Henry IV and had never left the hands of Royalty,

Lebron James: My Time is Now

In the midst of the NBA playoffs, you’d think the only thing worth talking about when referencing LeBron James would be his game, but a recent ad campaign with Nike is getting lofty levels of attention, too.The My Time is Now campaign encourages athletes to excel in their chosen arena. Along with James, fellow athletes Cristiano Ronaldo, Pep Guardiola and Neymar will also be featured in the campaign. “To be a part of this campaign and to be a part of this movement, is amazing,” James said of his involvement.


Top Marques Monaco




Cooperation between Vredestein and Rimac Automobili offers a unique experience at the Top Marques Monaco. Vredestein showcases the Ultract Vorti, the ultimate high performance tyre, on the world’s first electric hypercar -the Rimac Concept_One.

The Vredestein Ultrac Vorti is the Ultimate High Performance tyre. The tyre was designed by top Italian designer Giugiaro and has been developed with the most advanced and sportiest high performance cars in mind. The Concept_One’s revolutionary drive system, where each wheel is driven separately, needs a revolutionary tyre that can guarantee superior road handling and performance with an elegant and stylish appearance. The Ultrac Vorti is on display on the Concept_One during Top Marques Monaco in sizes 245/35 R 20(front) and 295/30 R 20 (rear).

Painstaking attention to every detail made the Concept_One not only appealing and classy, but an engineering masterpiece. With 1088 HP and a torque of 1.600 Nm available from 0 RPM, the Concept_One can reach 100 km/h from standstill in 2.8 seconds and continue to accelerate to the limited 305 km/h. 92kWh of energy in the Battery Modules delivers enough „juice“ for up to 600 km of range.

By presenting the Ultrac Vorti on the electric Concept_One, Vredestein is tapping into developments in the field of sustainable mobility. Although many still believe that this is nothing more than a trend, more and more manufacturers in the automotive sector are becoming convinced of the importance of sustainable mobility. His Royal Highness Prince Albert II of Monaco will underline this importance during his visit by paying particular attention to exhibitors presenting electric cars.

Top Marques Monaco is the only live supercar event in the world where visitors can not only admire the stunning cars on show but also have the opportunity try them out for themselves. This exclusive event is being held in the Grimaldi Forum in Monte Carlo, right next to the Monaco Formula 1 circuit.

Rimac Automobili will officially start taking reservations and deposits for the production version of the Concept_One on the opening day of the Top Marques Monaco. The first customers will have the privilege of owning this unique limited-edition hypercar, with only 88 models being produced.