Saturday, April 20, 2013

Indeed's Burr Grinder Coffee Ale at Grumpy's: A drink of the week ...

Indeed Burr Grinder Coffee Ale
Grumpy's Bar and Grill
$5

It's hump day, the vintage "Country Club Malt Liquor" sconces are illuminated over the kitsch crimson damask wall paper, and it's down to the wire in the audio round of your weekly trivia battle at the original Grumpy's in Northeast: quick, what are you drinking? Smart beer imbibers will be reaching for the Burr Grinder from Indeed while it lasts on tap, the Dogwood collaboration coffee ale that will keep you on point until the last points are counted.

Forget everything you think you know about coffee and beer, together. In delightful contrast to the usual glut of heavy, creamy, sweet and very strong coffee stouts and porters that flood the taps of your local watering holes, the Burr Grinder Coffee Ale from Indeed Brewing Company is light, balanced, and refreshing, like sipping on your favorite caf?'s homemade cold press. This is a coffee lover's beer, a solid American brown ale with just the right amount of malty toffee sweetness, a surprising amount of acidity and a nice dry finish. The Guatemalan Finca Rosma beans provided by Dogwood Coffee get center stage in this brew and shine, with 90 pounds steeped in the brew kettle and 54 gallons of cold press topping off the finished product.

Run, don't walk, to the Indeed taproom this weekend and sample this collaboration between this rising star brewery and top-notch roastery while you can. Grumpy's is a good bet to find it on tap, as well as Parka in Longfellow, but it's worth a call before you make the trek. We can't promise the caffeine will improve your trivia score, but this glass of buzzed suds will taste just as good whether you're lamenting defeat or toasting to your victory.

Source: http://blogs.citypages.com/food/2013/04/burr_grinder_coffe_ale_at_grumpys_drink_of_the_week.php

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Pakistan won't have Musharraf to kick around anymore

General Musharraf was a somewhat benign autocrat who wanted to be like Ataturk; but his return from exile to get elected in the top job, smacks of miscalculation.

By Robert Marquand,?Staff writer / April 18, 2013

Pakistan's former President and military ruler Pervez Musharraf leaves the High Court in Islamabad, Pakistan, Thursday. Musharraf and his security team pushed past policemen and sped away from a court in the country?s capital on Thursday after his bail was revoked in a case in which he is accused of treason.

B.K. Bangash/AP

Enlarge

Pervez Musharraf, Pakistan?s former Army chief and national ruler today escaped a set of judges and an Islamabad arrest order, climbed in a black bullet proof SUV, and sped red-faced away for the protection of home.

Skip to next paragraph Robert Marquand

Staff writer

Over the past three decades, Robert Marquand has reported on a wide variety of subjects for?The Christian Science Monitor, including American education reform,?the wars in the Balkans, the Supreme Court, South Asian politics, and the oft-cited "rise of China." In the past 15 years he has served as the Monitor's bureau chief in Paris, Beijing, and New Delhi.?

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For General Musharraf, who once held all the reins of power in Pakistan, it seems a spectacle of humiliation and miscalculation, or as the BBC calls it??high drama and farce.??

The Islamabad judges that Musharraf sought to muzzle and dismiss in 2007 now appear to have muzzled him ? ultimately thwarting his aim to run for high office May 11, in what will be the first formal civilian transfer of authority in Pakistan?s history.

Musharraf?s lawyers will likely appeal the charges of malfeasance against him for ordering 60 judges to be removed in 2007. But for Musharraf, born in New Delhi before the partition of India and Pakistan, and who of late has been living in self-imposed exile in Dubai and London, a chapter may have closed.

He long dreamed of himself as Pakistan?s Mustafa Kemal Ataturk, forging a path similar to the Turkish military ruler that secularized that Muslim country. ?He hoped to be a moderating force of reason, a ?chief executive,? a secular reformer with clout in a land of Taliban and madrassas, the guy that could keep things together and running while the nation modernized, someone that impressed US Pentagon chief Colin Powell.

But last week Musharraf?s much-touted return to Karachi did not excite crowds; efforts to run his All-Pakistan Muslim League party failed in four districts. And he?s ended up looking more like Don Quixote than an Ataturk.

The Guardian describes Musharraf?s bid to return home as doomed and offers today that the general is:

...politically what Imran Khan was in the mid-1990s, when the famous cricket-turned-philanthropist launched his own career in politics: a high-wattage name that grabs a disproportionate share of the media spotlight but has negligible traction with the voting public. Now that he has been barred from contesting the upcoming general election by a judiciary that has not forgotten Musharraf's?attempt in 2007 to sack Chief Justice Iftikhar Chaudhry, Musharraf still faces a sea of legal trouble, brought into sharp focus by Thursday's refusal to extend the bail granted to him last month. Musharraf may yet be able to return to life abroad ?but his political obituary has long been written.

Musharraf now finds three criminal cases thrown against him: He?s charged with not providing enough security to prevent the 2007 assassination of former Prime Minister Benazir Bhutto, allegations that he ordered the killing of a Baloch nationalist leader in 2006, and the court case he walked out of today.

Whether Musharraf, who in court brushed past police on his way out, will finally be made an example in his own country and put behind bars is unclear. The Los Angeles Times quotes a prosecuting attorney:

?The security he has been given is only meant to safeguard his life, not to allow him to avoid the law,? said senior lawyer Chaudhry Muhammad Aslam Ghumman, the complainant in the judges' detention case against Musharraf. ?They are flouting the law. The people responsible for implementing the order of the court are facilitating the culprit.??

But Musharraf?s lawyers said today that the Islamabad court ruling against him wasn?t about law and order, but was?"seemingly motivated by personal vendettas."

Though many?Pakistanis started to loath Musharraf by the time he stepped down and he may not have stood a chance at actually securing the position of prime minister, fair questions may be asked about whether Pakistan is better served by fewer candidates running for the high office.?

And unlike ostensible current front-runner Nawaz Sharif, who hails from the Punjab, and who in the late 1990s as national leader was unable to reign in the growing jihadis in places like Lahore, Musharraf could crack down. He is one of about two current candidates for high office not part of the small coterie of regional family dynasties that rule the nation.?

While Musharraf gets called a former ?military dictator,? ?anyone who has watched Pakistani politics might think the term overly harsh, considering the Muammar Qaddafi or Bashir al Assad end of the ?dictator? spectrum. Unlike those dictators, after all, Musharraf stepped down.

Future of Pakistan

Pakistan may be just about rid of Musharraf, but in a country where judicial authority has been distorted so often, it remains unclear what kind of future leadership Pakistan will see.

The nation is fractured, faces a need for more IMF bailouts, has an uncertain but powerful military influence, grudges are rife in every direction. ?

Though today it is a different world than when he last held power, it is worth remembering that at one point Musharraf may truly have been within striking distance of peace with India over the jewel of Kashmir. Steve Coll asked Musharraf about it in an interview he wrote up in 2009 the New Yorker:

"I've always believed in peace between India and Pakistan," [Musharraf] replied. "But it required boldness on both sides. . . . What I find lacking sometimes is this boldness ? particularly on the Indian side." He then reviewed a long negotiating session he had had, many years before, with former Indian Prime Minister Vajpayee, in which the pair had tried and failed to agree on a particular joint statement. As he recounted the incident, the pitch of Musharraf's voice rose slightly; he seemed to be reliving his frustration.

He returned to the subject of the 2007 talks. "I wasn't just giving concessions ? I was taking from India as well," he said, a touch defensively. Then he calmed. He fixed his gaze and added, "It would have benefitted both India and Pakistan."

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/yPYfUqKfw50/Pakistan-won-t-have-Musharraf-to-kick-around-anymore

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Thursday, April 18, 2013

BlackBerry returns not abnormally high: Jefferies

Apr 15 (Reuters) - Leading money winners on the 2013 PGATour on Monday (U.S. unless stated): 1. Tiger Woods $4,139,600 2. Brandt Snedeker $3,137,920 3. Matt Kuchar $2,442,389 4. Adam Scott (Australia) $2,100,469 5. Steve Stricker $1,935,340 6. Phil Mickelson $1,764,680 7. Dustin Johnson $1,748,907 8. Jason Day $1,659,565 9. Hunter Mahan $1,553,965 10. Keegan Bradley $1,430,347 11. Charles Howell III $1,393,806 12. John Merrick $1,375,757 13. Russell Henley $1,331,434 14. Michael Thompson $1,310,709 15. Kevin Streelman $1,310,343 16. Bill Haas $1,271,553 17. Billy Horschel $1,254,224 18. ...

Source: http://news.yahoo.com/blackberry-returns-not-abnormally-high-jefferies-125600759--finance.html

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Wednesday, April 17, 2013

Analysis: Canadians losing faith in economic "miracle"

By Louise Egan and Andrea Hopkins

OTTAWA/TORONTO (Reuters) - Factory worker Nelson Claros has little time for talk of the Canadian economic miracle.

The 50-year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs. His best offer: A job at $12 an hour, half his previous wage and not enough to pay his bills.

"Really there is a recession right now. They don't call it a recession, but the companies are closing, there are a lot of layoffs. How can this be a miracle economy?" he asked.

It wasn't supposed to be like this. Canada's recovery from a mild 2008-09 recession was quick and job-filled, and the country added nearly 900,000 jobs to take the jobless rate to 7.2 percent from 8.7 percent at the depths of the downturn.

No bank needed a government bailout, the housing market did not collapse and Finance Minister Jim Flaherty repeatedly boasted about how Canada was outperforming its partners in the Group of Seven rich industrialized economies.

But recent growth has consistently fallen short of expectations and a very rough patch late last year turned disappointment into dread. Economists had been betting on a quicker U.S. recovery to boost Canadian exports, as well as a pickup in business spending.

The slowdown could spell trouble for the Conservative government of Prime Minister Stephen Harper, which is showing signs of mid-term stress and losing ground in opinion polls to the third largest party, the Liberals.

Policy makers predict a brighter second half of 2013, but people like Claros and business leaders are not so sure.

"I don't see any solution for the problem of people who are laid off right now," said Claros, a single father of four, who is living off his severance pay and is waiting for the 31 weeks of unemployment insurance he is eligible for.

Some 54,000 Canadians joined Claros in the ranks of the unemployed in March, the worst monthly job losses in more than four years.

Previous engines of growth - housing and consumer spending - are slowing, and businesses are shying away from investments.

And with the government striving to balance its budget and the Bank of Canada talking of rate hikes rather than cuts, official stimulus programs are off the table, at least for now, leaving resource-rich Canada hitching its economic star to uncertain hopes of a strong energy sector and a U.S. recovery.

Harper wants Canadians to look at the bigger picture and not draw gloomy conclusions from the latest data.

"We can expect we're going to have good months and bad months in terms of numbers. The trendlines remain generally positive," he told reporters in Calgary on Thursday.

Still, Canadian growth is set to weaken for the fourth straight year in 2013 and trail the U.S. performance for a second year. But at a forecast 1.6 percent, it will likely surpass the euro zone countries and Japan by a wide margin.

LOWERING EXPECTATIONS

The labor market is far healthier than that of the United States, but job growth has lagged population growth, making the recovery incomplete. There are 1.4 million unemployed Canadians competing for jobs compared to 1.1 million prior to the crisis.

Alysa Golden, an unemployed social worker with 20 years of experience, said the last online job posting that fit her skills had 1,600 views in the first 24 hours it was posted. The 49-year-old is starting to lower her expectations in terms of salary and interest.

"With two kids, we really need something steady coming in, sooner rather than later."

Wage growth has been decent at 2 percent a year, but experts say nervous consumers won't spend enough to provide a significant boost to the economy, especially as households have a record C$1.65 of debt for every dollar earned.

"I do see things continuing on much as they have, where there will be economic growth, there will be some jobs created, but it won't be enough to significantly reduce unemployment or improve the labor market," said Erin Weir, economist for the United Steelworkers union.

As for housing, most are pleased to see an end to the overheated prices of a year ago. But a slowing housing market is dampening growth and raising fears of a U.S.-style crash.

Dustin Kroft, owner of Rent-a-Son moving company in Toronto, said he has "that sort of pit in your stomach" feeling after seeing an estimated 17 percent fall in sales in March. "It has been a while since I felt that," he said.

The latest figures suggest the housing sector is cooling, not crashing, after the government tightened mortgage rules in mid-2012 to prevent a real estate bubble.

WAR FUNDS

Business investment remains slow and outgoing Bank of Canada Governor Mark Carney wants the private sector to unleash some of what he has called the "dead money" to stimulate the economy.

But companies need to put cash in a "war fund" until better times, said Betty Lou Pacey, founder and chief executive officer of BL Innovative Lighting, a small Vancouver-based business that exports optical fiber for lighting.

She cites the massive U.S. fiscal deficit as the biggest external threat for exporters, whose sales growth depends on healthy U.S. demand. Her own company has a couple of costly projects "percolating" that would be easier to commit to if circumstances were better.

"You're not going to go hog wild and spend all your money. It would be foolish for a business to do that."

And despite the more bullish mood on energy prices, some oil sands producers are shifting strategy in the face of stiff competition from cheaper-to-produce U.S. domestic oil. Last month, Suncor Energy Inc scrapped plans for a multibillion-dollar Voyageur upgrading plant, saying returns would not meet previous expectations.

Canadian businesses expect to boost capital spending this year by a mere 0.8 percent, the worst rate since 2009, Statistics Canada said in a report earlier this year.

"Our country's little engine is really not very big," said Pacey, referring to the hard-hit manufacturing sector.

"So that little engine is vital to the life of this country and we need some alarm bells going off."

(Additional reporting by Jeffrey Jones and Scott Haggett in Calgary; Writing by Louise Egan; Editing by Janet Guttsman, Martin Howell)

Source: http://news.yahoo.com/analysis-canadians-losing-faith-economic-miracle-050910904--business.html

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Tuesday, April 16, 2013

Why Kermit Gosnell hasn't been on Page One (Washington Post)

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

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Rihanna cancels Houston show because of illness

NEW YORK (AP) ? Rihanna has canceled another date on her latest tour because she is ill.

Live Nation says the Grammy-winning singer is unable to perform at Monday's concert in Houston "as a result of illness." The concert promoter says fans should retain their tickets to use at a rescheduled show.

Rihanna canceled shows in Baltimore and Boston on her "Diamonds World Tour" last month because she was sick.

The next date on the singer's tour is Tuesday in Dallas. She's supporting her seventh album, "Unapologetic," which features the hits "Diamonds" and "Stay."

Rapper A$AP Rocky is the opening act on Rihanna's tour.

___

Online:

http://www.rihannanow.com/rihanna-now/

Source: http://news.yahoo.com/rihanna-cancels-houston-show-because-illness-210820309.html

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NY Times wins 4 Pulitzers; Fla. paper also honored

NEW YORK (AP) ? The New York Times won four Pulitzer Prizes on Monday, including the award for investigative reporting for stories that detailed how Wal-Mart used bribery to expand in Mexico.

The Sun Sentinel in Fort Lauderdale, Fla., was awarded the public service Pulitzer for its reporting on off-duty police officers' reckless driving.

The Pulitzer in breaking news photography went to The Associated Press for its coverage of the civil war in Syria.

A New York-based online nonprofit news organization that covers energy, InsideClimate News, won the Pulitzer in national reporting for stories on flawed regulation of the nation's oil pipelines.

The Pulitzers, journalism's highest honor, are given out each year by Columbia University on the recommendation of a board of journalists and others. Each award carries a $10,000 prize except for the public service award, which is a gold medal.

The Times, which has won more Pulitzers than any other news organization, was also honored for international reporting for detailing the wealth of relatives of top officials in China's communist party; for explanatory reporting, for a look at business practices of Apple and other technology companies; and for feature writing, for an account of skiers killed in an avalanche in Washington state that wove in multimedia elements.

The Pulitzer in breaking news reporting went to The Denver Post for its coverage of the shooting a movie theater last summer in Aurora, Colo., that left 12 people dead.

The Star Tribune of Minneapolis won two awards: It was honored in the local reporting category for its coverage of a spike in infant deaths in poorly regulated day care centers, and Steve Sack won for editorial cartooning.

Source: http://news.yahoo.com/ny-times-wins-4-pulitzers-fla-paper-honored-191251975.html

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Monday, April 15, 2013

This 90-Year-Old Grandma Freaking Out Over the Oculus Rift VR Goggles Is What Makes Technology Great

More or less, this is all anyone ever wants from a piece of technology. Here's a 90-year-old woman strapped into an Oculus Rift VR headset, and totally losing her mind over how amazing it is. More »
    


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/VS3N4AbQHEk/this-90+year+old-grandmother-freaking-out-over-the-oculus-rift-vr-goggles-is-what-makes-technology-great

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U.S., China pledge efforts for nuclear-free North Korea

BEIJING (AP) ? The United States and China committed Saturday to a process aimed at ridding North Korea of its nuclear weapons, with the Obama administration gaining at least the rhetorical support of the only government that can exert significant influence over the reclusive North.

The question now is whether Beijing will make good on its pledge to uphold "peace and stability" and work with Washington on achieving the goal of a nuclear-free Korean peninsula.

The declarations from both nations' foreign policy chiefs came as North Korea appears to be readying a missile test that has caused grave concern for the U.S. and its two close Asian allies, South Korea and Japan.

"We are able ? the United States and China ? to underscore our joint commitment to the denuclearization of the Korean peninsula in a peaceful manner," U.S. Secretary of State John Kerry told reporters in Beijing before having dinner with State Councilor Yang Jiechi.

Kerry and Yang said they'd seek a peaceful resolution of the North Korean nuclear standoff, which has only grown worse in recent months under its young leader Kim Jong Un.

Since testing an atomic device in February, the North has threatened new tests of its missile capacity and even talked about launching nuclear strikes against the United States, while expanding its U.N.-outlawed uranium and plutonium enrichment program.

"We agreed that this is of critical importance for the stability of the region and indeed for the world and indeed for all of our nonproliferation efforts," Kerry said. "This is the goal of the United States, of China" and of other countries that hope to resume nuclear talks one day with North Korea.

"From this moment forward we are committed to taking actions in order to make good on that goal," he added. "And we are determined to make that goal a reality. China and the United States must together take steps in order to achieve the goal of a denuclearized Korean peninsula. And today we agreed that further discussions to bear down very quickly with great specificity on exactly how we will accomplish this goal."

Kerry said U.S. Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, and representatives from U.S. intelligence agencies would travel to Beijing later this month. Kerry also is sending his deputy at the State Department, William Burns, as part of the effort to "make sure that this is not rhetoric but that it is real policy that is being implemented."

Yang said his government's position was clear.

"China is firmly committed to upholding peace and stability and advancing the denuclearization process on the Korean peninsula," he said through an interpreter.

"We maintain that the issue should be handled and resolved peacefully through dialogue," Yang said, adding that China would work with the United States and other nations to resume six-party talks with North Korea that fell apart for good four years ago.

Amid almost daily North Korean threats, the U.S. has been counting on China to force its unruly neighbor to stand down. It's a strategy that has produced uneven results over decades of American diplomacy, during which the North has developed and tested nuclear weapons and repeatedly imperiled peace on the Korean peninsula.

But with only the counter-threat of overwhelming force to offer the North Koreans, the U.S. has little other option.

In their statements delivered side by side, neither Kerry nor Yang specifically addressed the immediate crisis: a North Korean test of a missile with a range of up to 2,500 miles that the U.S. believes could happen any day. Later, Kerry said at a news conference that Washington and Beijing "both call on North Korea to refrain from any provocative steps and that obviously refers to any future missile shoot."

Kerry and Yang focused primarily on the long-term problem, which is a nuclear program that may soon, if not already, include the capability to deliver a warhead on a missile.

The question of North Korea's capacity has been subject to great debate in Washington this past week after a U.S. intelligence assessment suggested North Korea had the capacity to put a nuclear warhead on a missile, even if any such weapon would have low reliability.

China has the greatest leverage over North Korea, a country that like few in the world actually cherishes its isolation.

The Chinese dramatically have boosted trade ties with their neighbors and maintain close military relations some six decades after they fought side by side in the Korean War. They provide North Korea with most of its fuel and much of its food aid.

And China has a history of quickly reversing course after talking tougher with North Korea. In late 2010, as American officials were praising Beijing for constructive efforts after the North shelled a South Korean island, a Chinese company agreed to invest $2 billion in a North Korean industrial zone.

"There is no question in my mind that China is very serious ? very serious ? about denuclearizing," Kerry told reporters after his day of talks with top Chinese officials including new President Xi Jinping and Premier Li Keqiang. He said no options were taken off the table in their discussions, without going into specifics.

Beijing, which values stability in its region above all else, clearly has different priorities than Washington.

China's greatest fear is the implosion of North Korea's impoverished state and the resulting chaos that could cause, including possibly millions of refugees fleeing across the border into China.

For that reason, China has in many ways looked past North Korea's bellicose rhetoric and activity, prioritizing the security of Kim's government, like his father's and grandfather's, over nuclear proliferation concerns.

China also remains deeply wary of any American military buildup in its backyard. Chinese officials are suspicious that the containment effort toward North Korea may be part of the long-term U.S. strategy to expand its influence in the region and even ring in fast-growing China with countries closer to Washington.

U.S. officials say they've gone to great lengths to explain to China that the American objective in North Korea, at least in the short term, is not to change governments.

The U.S. abhors the North's human rights record, its regular provocations and military links with other international pariahs such as Iran. But the U.S. has stressed over years of conversations with Beijing that pushing for North Korean denuclearization could reinforce stability.

In Seoul on Friday, Kerry said President Barack Obama had canceled a number of military exercises planned with South Korea. The message that the U.S. wasn't seeking a military confrontation was directed as much to the North as to Beijing.

The Obama administration believes it may now have greater scope for diplomatic progress.

It has pointed to Xi's recent criticism of the North as illustrative of a subtle shift in China's outlook. Beijing also has backed U.N. penalties in response to North Korea's tests of a nuclear device and intercontinental ballistic missile technology over the past four months.

Source: http://news.yahoo.com/us-china-pledge-efforts-nuclear-free-nkorea-134527072--politics.html

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Banking recapitalisation is fundamental policy error ? Ex Finance ...

*Says CBN cashless concept is a misnomer

BY UDEME CLEMENT

Dr. Kalu Idika Kalu, served as a member of the Development Committee of World Bank.? He worked as former Commissioner for Finance and Economic Planning in Imo State, ex- Minister of Finance, under two regimes, Federal Minister of National Planning and Minister of Transport. He was designated Nigeria?s Candidate for the Deputy Director General position at the World Trade Organisation (WTO) in 1999. He served in a special Niger Delta Technical Committee on the final resolution of the Niger Delta crisis. In January 2012, he was also appointed to chair the Special Task Force on the Nigerian refineries. In the concluding part of the interview with him, he speaks on the banking consolidation, on-going reforms in the financial sector and the need for the Central Bank of Nigeria to ensure increased rural banking in the country.
Excerpts

You worked as Commissioner of Finance and Economic Planning in Imo State, Finance Minister under two regimes,? With your experience, how will you assess the cashless monetary policy of the Central Bank of Nigeria (CBN), being implemented in some parts of the country?
To start with, there should be a proper definition of the monetary policy of the CBN in trying to reduce cash transactions in the economy. The reason being that, the word cashless, is a misnomer. We can?t be talking cashlessness in the cities, rather we should emphasize non cash instruments and not cashless economy. Not America, Japan, China, Russia,Indonesia, Singapore Switzerland and other advanced economies have reduced cash to zero. That is why I called it a misnomer, because there must still be cash transactions. For instance, in America, you pay cash for hair cut. The Fiduciary policies on management of currency and financial instruments in the economy are geared towards reducing the use of cash and correspondently moving into the use of non cash methods of transactions. Such methods include the use of cheques, Automated Teller Machines (ATM), Point of Sales (PoS), credit cards, electronic money transfers and other financial instruments other than cash. These instruments when adequately utilised can reduce the proportion of cash in the system. For instance, in super markets, shops, everywhere people need goods and services, they should be able to issue credit cards for immediate transactions instead of carrying large volumes of cash about.

The apex bank as the monetary authority has the autonomy to formulate and implement monetary policies to regulate the financial sector of the economy. Don?t you think that the current cashless policy is one of such initiatives?
Obviously, it is the duty of CBN to regulate the financial industry in order to reduce inflation in the economy. In doing that, the apex bank should not be talking about cashlessness, because there are areas you cannot talk of cashless economy since people in such places need cash for daily business transactions. For instance, a good number of people live in the rural areas where there are no banks and they use cash on a daily basis. So, if CBN is talking of cashless economy, where will these individuals be classified?

Banking recapitalisation has further shrunk the number of banks in Nigeria , even as new banks are not coming up. From your experience as a member of the Development Committee at the World Bank, don?t you think the banking sector is over regulated?
I had cautioned that the financial sector is not separate on its own but providing services to align with the market forces of demand for money in the economy. This demand for money is the function for distribution and production of real goods and services. You cannot get up one day and say all banks must get minimum capital of 25billion. Instead, the assets they are asked to operate must be function of demand in the system. There should be thrust of banking expansion and not forceful consolidation. Small banks must be efficiently managed not by the functions of their capital base. They should promote agriculture and people in real farming getting easy access to small loans.

Are you saying that the consolidation policy was wrongly conceived?
It was a fundamental error in policy. You can advise banks to increase their assets base and to merge if need be.? Consolidation ought to reflect the growth of market demand for financial services in the economy and not a situation where banks are forced by the law to consolidate. The current management of the CBN has been trying to correct this mistake to ensure focus and realignment in the system. For instance, I? chaired the launching of a recent book, ?Financialism: Water from an empty well?,? published by the former Governor of Lagos State, Bola Tinubu, which talked elaborately on the real work of capital on procurement, goods and services in the economy. We must grow the economy in order to develop the banking system by deepening the growth of banking industry.

Why are many places in the rural areas un-banked?
This is the question that CBN should answer. We need banks in rural areas to give loans to farmers, to enable them buy fertilizer, weeds killer and other basic things they need to increase productivity in large scale farming. Though some people also complain of insecurity especially for few banks operating in the rural areas, the merit system must be kept. It is the duty of government to secure the economic environment, because without security, we cannot have tangible savings and investments in the country.

What made government not to take IMF loan after so many debates on the issue?
What I want people to understand here is that, borrowing or resources mobilisation to expand capacity in the economy does not necessarily mean IMF loan. It simply means sourcing for funds from the big financial institutions and global lenders to invest in capital projects already identified by government. This is a function of demand. These projects must be viable to outweigh the cost, for government to develop the economy and pay back the loan like what obtains in developed countries.

Comments are moderated. Please keep them clean and brief.

Source: http://www.vanguardngr.com/2013/04/banking-recapitalisation-is-fundamental-policy-error-ex-finance-minister/

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Sunday, April 14, 2013

Prisoners, guards clash over Guantanamo Bay raid

MIAMI (AP) ? Months of increased tension at the Guantanamo Bay prison boiled over into a clash between guards and detainees Saturday as the military closed a communal section of the facility and moved its inmates into single cells.

The violence erupted during an early morning raid that military officials said was necessary because prisoners had covered up security cameras and windows as part of a weekslong protest and hunger strike over their indefinite confinement and conditions at the U.S. base in Cuba.

Prisoners fought guards with makeshift weapons that included broomsticks and mop handles when troops arrived to move them out of a communal wing of the section of the prison known as Camp 6, said Navy Capt. Robert Durand, a military spokesman. Guards responded by firing four "less-than-lethal rounds," he said.

There were no serious injuries from the rounds, which included a modified shotgun shell that fires small rubber pellets as well as a type of bean-bag projectile, said Army Col. Greg Julian, a spokesman for Miami-based U.S. Southern Command, which oversees the prison at the U.S. base in Cuba.

"I know for sure that one detainee was hit but the injuries were minor, just some bruises," Julian said.

The confrontation came a day after a team from the International Committee of the Red Cross finished a three-week visit to Guantanamo to meet with prisoners and assess conditions.

"The ICRC continues to follow the current tensions and the hunger strike at Guantanamo very closely and with concern," spokesman Simon Schorno said. "If necessary, an ICRC team will in coming days return to Guantanamo to assess the situation of the detainees on hunger strike in view of this latest development."

Camp 6 had previously been a section of the camp reserved for detainees who followed prison rules. In exchange they were allowed to share meals and pray together, have nearly round-the-clock recreation time as well as access to satellite TV, computer games and classes. It held a majority of the 166 prisoners at the base before the hunger strike began, but the military said the number was down to fewer than 70 on Saturday.

Prisoners in the communal section had access to materials with which to make some of the improvised weapons used in the clash with guards. Durand said troops were confronted with batons made with tape and plastic water bottles, about three to four feet long and "as big around as a broomstick," he said.

The guards moved the hunger strikers and all other detainees at the communal section to single cells in a separate wing of Camp 6 around 5 a.m. Prisoners will eventually be allowed back into communal living conditions in the future if they follow rules. Hunger strikers will be allowed back into the communal section eventually as well if they follow the rules, Durand said.

"For now, housing detainees in individual cells will enable us to observe them more closely," he said. He said one of the concerns of military officials was that some prisoners might have been coerced into participating in the hunger strike.

Tensions had been high at the prison for months. Lawyers for prisoners said a hunger strike began Feb. 6 in protest over their indefinite confinement and what the men believed were tighter restrictions and intrusive searches of their Qurans for contraband. Prisoners offered to give up the Muslim holy book that each one is issued by the government but officials refused, considering it a tacit admission of wrongdoing.

"This is exactly the opposite of what they should be doing," Carlos Warner, a federal public defender in Ohio, said of the decision to move prisoners into single cells instead of negotiating an end to the strike. "The military is escalating the conflict."

The military said 43 prisoners were classified as hunger strikers under a definition that includes missing nine consecutive meals. Lawyers for prisoners have insisted the strike is much more widespread and say almost all of the men are refusing to eat.

Officials were also concerned that some men were surreptitiously starving themselves to avoid being classified as hunger strikers and force fed. The military said it was conducting individual assessments of all the prisoners.

Source: http://news.yahoo.com/prisoners-guards-clash-over-guantanamo-bay-raid-214116253.html

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PFT: Mathieu says he's failed over 10 drug tests

Darts

Here?s the full list of the Bills? pre-draft visitors.

Entering his eighth NFL season, Patriots K Stephen Gostkowski has the fourth longest tenure on the team.

The Dolphins believe they have the ammunition to trade up from No. 12 to No. 1, but they most likely won?t.

Jets DL Muhammad Wilkerson looks forward to becoming a leader of the defense.

Steelers C Maurkice Pouncey says he definitely will be taking on a leadership role.

Bengals RB Bernard Scott, who re-signed on Friday, explained that he?s ?comfortable? and ?happy? in Cincinnati.

The Ravens have hosted UConn LB Sio Moore.

Former Browns player and employee Ricky Feacher, now a substitute teacher and coach, was arrested this week on drug and traffic charges.

Titans TE Delanie Walker, who lost an aunt and uncle to a drunk driver after the Super Bowl, has pledged support for a bill in Tennessee that would require ignition interlock devices for first offenders.

Texans RB Arian Foster has made it to the semifinals of the latest contrived ballot process for determining whose photo will appear on the cover of a popular-but-underwhelming video game that, if the technical upgrades were as good as the promotional efforts, would be a much better product.

The Indianapolis Star continues to look at the Colts? worst picks; the latest was made in the third round of the 2005 draft, at a time when RB Darren Sproles was still on the board.

Jaguars.com has the team taking DE/LB Dion Jordan with the second pick in the draft.

The Chiefs likely will start the 2013 regular season on the road, due to the Royals? schedule.

The Broncos have released pictures of their new giant video boards.? (We look forward to it playing this song.)

The Chargers? list of pre-draft visitors includes Alabama G Chance Warmack.

The Raiders? official 2013 draft party will be held at the Buffalo Wild Wings in San Ramon.? (Fans will be able to throw darts at the board the team previously used when making picks.)

The biggest question marks in the Redskins? starting lineup (apart from the health of QB Robert Griffin III) come at the safety position.

The Cowboys, once a Team of the Decade, are now settling for slightly less meaningful honors.

Could the Eagles trade down from No. 4?

Former Giants LB Marcus Buckley has been accused of workers? compensation fraud; Buckley allegedly received $1.588 million to which he wasn?t entitled.

Packers K Giorgio Tavecchio was working as a student-athlete tutor at Cal before receiving an email inviting him to work out for the team.

The Vikings are looking for a new, well, Viking.

The Bears hosted 50 local prospects on Friday.? (Hopefully one of these guys will finally get a shot.)

Former Lions K Jason Hanson believes QB Matthew Stafford will soon make the Lions his team.

For Mother?s Day, the Buccaneers will provide makeovers to 50 mothers of current military members.

Saints DL Akiem Hicks will primarily serve as a nose tackle in the 3-4 defense, but he?ll also work at defensive end.

With all the talk about the Falcons? defensive ends, it?s easy to forget they have a pretty good defensive tackle.

Panthers RB Jonathan Stewart plays the piano and hopes to pursue a career in music after football.

The 49ers have added QB Steve Young and coach George Seifert to the committee that hopes to host Super Bowl L.

Rams CB Janoris Jenkins largely stayed out of trouble in 2012, but his online photos suggest that trouble is never that far away.

Cardinals RB Ryan Williams believes his season-ending shoulder injury helped buy more time for his ruptured patellar tendon from 2011 to heal.

Seahawks CB Richard Sherman did something on Thursday night that half the league doesn?t do.

Source: http://profootballtalk.nbcsports.com/2013/04/12/report-mathieu-told-nfl-coaches-he-failed-more-than-10-drug-tests/related/

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Saturday, April 13, 2013

Lion Air plane skids into sea in Bali, Indonesia

JAKARTA, Indonesia (AP) ? A Lion Air plane with more than 100 passengers skidded off the end of a runway into the sea on the Indonesian resort island of Bali, police said Saturday.

Bali Police Chief Arif Wahyunadi told local TV One that all of the passengers and crew were evacuated from the plane and taken into the airport terminal for treatment.

Hospital officials and paramedics said at least seven passengers were taken to Sanglah hospital with head wounds and broken bones. Many passengers arrived with wet clothes and bruises.

The cause of the accident was unclear. Wahyunadi said the plane originated from Bandung, the capital of West Java province, and was landing in Bali.

A photo on TV One showed the plane with a large crack in its body sitting on top of the water.

Source: http://news.yahoo.com/lion-air-plane-skids-sea-bali-indonesia-090304784.html

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Nokia outs firmware for Lumia 620, 820 and 920 for better touch, camera action

Nokia outs firmware for Lumia 620, 820 and 920 for better touch, camera action

Owners of Nokia's Lumia 620, 820 and 920 are getting some firmware joy as the Swedish Finnish firm just released a new update for the Windows Phone 8 handsets. It'll bring improved auto screen brightness / touch screen functionality, camera fixes, enhanced Bluetooth headset functionality and numerous performance and stability enhancements, according to Nokia. You can expect to see it rollout "over the coming weeks," but may able to force the issue by selecting "phone update" from the settings. Check the source for more.

Update: Nokia's Scandinavian Nordic but it sure ain't Swedish. Thanks to all who pointed it out.

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Via: Ubergizmo

Source: Nokia Support

Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/yLYIkNi9-IQ/

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It's Not Michelin Star Cuisine: Why Venture Capital Can (and Should ...

TL;DR: Venture capital, like other kinds of businesses, can scale beyond traditional constraints like time and space. Investors that make ?too many deals? can add lots of value outside of just a check.

When I ask an entrepreneur why they are picking us or anybody else as their investors, I get a very similar answer:

?It?s because of the value you bring to the table.?

I agree with the broad idea that there?s some value an investor can bring on top of their checkbook. However, I believe most people in the startup world are misguided about how that value is delivered.

At 500, people are always asking why we make so many investments ??usually implying that we are participating in way too many deals. Then the usual follow up question is, ?how can 500 add value to so many investments if your time is so limited?? That?s a fair question. How is it possible to add value to 450+ companies and counting, with only ~10 people on the investment team? This question is what keeps me up at night, yet at the same time, makes me most excited about our future.

Why don?t people ask this question in other industries?

Someone would never ask a restaurant owner or retailer why they have so many customers. That?s because we?re all familiar with the concept of repeatable processes. If a restaurant?s food is good, the waiters are nice, and the space is enjoyable, then we don?t complain that they?re serving too many other customers. (unless we?re hipsters, but that?s a different story)

It?s widely known that there are multiple ways a company can scale without having the head chef welcome every single customer, show them the menu and prepare every dish directly. Moreover, we understand that chefs can transfer their knowledge and even create branches of a whole franchise.

Most of us have realized the underlying mechanics of scale, and we praise companies like Google, Amazon, eBay for being able to grow their services to provide value to as many people as possible. Who would argue that Apple creates less value because they have millions of customers? Or that startups? products becomes less useful when more people use them?

This is why the question about 500 investing in so many startups fascinates me. Why do people assume a venture capital firm can?t do what so many businesses have ? scale? Why do people think investment firms should be run as boutique mom and pop shops? Why is it that most VCs (and other players) equate value to time spent in front of founders?

For decades, people in our industry have acted like they?re running a Michelin Star restaurant.

Many VCs perpetuate the perverse idea that personal attention is key, but despite delusions of grandeur, (most) investors aren?t 4-star chefs ?I love Jiro, but restaurant owners???or in our case, VCs ?? are being delusional if they believe that our entire industry should operate like Jiro.

Professional investors compete to back the most talented people pursuing some of the most ambitious businesses. While they certainly control where the money goes, they still need to convince entrepreneurs that their dollars are more valuable than a competitor?s.

Venture capitalists invented terms like ?smart money,? ?value add? and ?partner time? to prevent people like you and me from taking their money at face value.?While it?s true that facetime can be a nice thing to have, there are many other things a good investor brings to the table ??especially in the age of the internet.

What?s so great about a Venture Capital firm that can scale on a massive level?

Branding

An investor can lend a personal or business brand. Mark Cuban writing you a check for $10k is different from me writing you a check for $100k. This value has nothing to do with time. And the Maverick himself doesn?t have to spend lots of time with every single company in his portfolio to keep building a strong brand.

Family

When a firm does 200+ deals a year, they?re going to have a LOT of portfolio companies. And while these companies may not get face time with investors, they can reach out to them (and each other) over the Internet for advice, networking and even just to meet up for a beer. A large network of peers is what makes programs and funds like Y Combinator, TechStars, First Round Capital, and 500 such great communities for entrepreneurs.

The bigger your startup becomes, the more this matters. When you try to expand your business into other regions or new markets, you?ll be thankful to have friends in other parts of the world and other industries. As an investor, few things feel better than saying ?Hey, you should talk to Jane at Startup X; they are a portfolio company and the founders know a lot. Email her directly and put 500 in the subject line.?

The Network Effect

Each company adds their unique combined knowledge to the network, so our network gets smarter as we participate in more deals. 500 holds the combined lessons of hundreds of companies that have gone through thousands of ups and downs. And what some will discover, others will use as preemptive knowledge.

By standing on the shoulders of their peers, our startups are able to see farther than companies that are going it alone.

Functional support

At scale, it?s easier to help companies with clear challenges. Some investment firms will offer access to marketing, tech, finance, public relations or even legal staff. These are all activities that almost every company needs, but especially when they?re still small.

It?s definitely a challenge to hire a comprehensive full time staff for this. Firms like Andreessen Horowitz and Google Ventures have set the standard for this. We salute and admire what they?ve accomplished.

At 500, we?re all about constantly iterating and trying new things, making mistakes (and even big f*ck ups) in the process, then optimizing. Our companies don?t get a ton of facetime with the 500 staff, but they get one of the biggest, best networks in the startup world; It?s a slight trade-off, but we think it?s worth it. Especially when our companies have access to mentors, founders and partners on nearly every continent.

**Additional note to the entrepreneur: If you really want the venture capital equivalent of a Michelin 3-star experience, make sure you pick one of the maybe 10 people in the world who can provide it. *Wink* *wink*, we are not in the list.

C?sar Salazar

C?sar has been a tech entrepreneur for over a decade. Before joining 500 Startups, he co-founded Mexican.VC in Mexico City. Underneath his investor skin lives a passionate interaction designer with an engineering degree who really likes to mess with code. He sucks at running, but has already scored a marathon.

Source: http://500.co/2013/04/11/its-not-michelin-star-cuisine-why-venture-capital-can-and-should-scale/

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Friday, April 12, 2013

NASA's asteroid initiative: Robotically capture small near-Earth asteroid and explore it

Apr. 11, 2013 ? NASA's FY2014 budget proposal includes a plan to robotically capture a small near-Earth asteroid and redirect it safely to a stable orbit in the Earth-moon system where astronauts can visit and explore it.

Performing these elements for the proposed asteroid initiative integrates the best of NASA's science, technology and human exploration capabilities and draws on the innovation of America's brightest scientists and engineers. It uses current and developing capabilities to find both large asteroids that pose a hazard to Earth and small asteroids that could be candidates for the initiative, accelerates our technology development activities in high-powered solar electric propulsion and takes advantage of our hard work on the Space Launch System rocket and Orion spacecraft, helping to keep NASA on target to reach the President's goal of sending humans to Mars in the 2030s.

When astronauts don their spacesuits and venture out for a spacewalk on the surface of an asteroid, how they move and take samples of it will be based on years of knowledge built by NASA scientists and engineers who have assembled and operated the International Space Station, evaluated exploration mission concepts, sent scientific spacecraft to characterize near-Earth objects and performed ground-based analog missions.

As early as the 1970s, NASA examined potential ways to use existing hardware to visit an asteroid to understand better its characteristics. On the International Space Station, scientific investigations and technology demonstrations are improving knowledge of how humans can live and work in space. The agency also has examined many possible mission concepts to help define what capabilities are needed to push the boundaries of space exploration.

During the early space shuttle flights and through assembly of the space station, NASA has relied on testing both in space and on Earth to try out ideas through a host of analog missions, or field tests, that simulate the complexity of endeavors in space.

Through 16 missions in the National Oceanic and Atmospheric Administration's underwater Aquarius Reef Base off the coast of Key Largo, Fla., aquanauts have tested techniques for human space exploration. These underwater tests have been built upon the experience gained by training astronauts in the Neutral Buoyancy Laboratory at NASA's Johnson Space Center in Houston to assemble and maintain the space station. The NASA Extreme Environment Mission Operations (NEEMO) 15 and 16 missions in 2011 and 2012, respectively, simulated several challenges explorers will face when visiting an asteroid, including how to anchor to and move around the surface of a near-Earth object and how to collect samples of it.

NASA also has simulated an asteroid mission as part of its 2012 Research and Technology Studies ground test at Johnson. During the simulation, a team evaluated how astronauts might do a spacewalk on an asteroid and accomplish other goals. While performing a spacewalk on a captured asteroid will involve different techniques than the activities performed during recent analog exercises, decisions made about ways to best sample an asteroid will be informed by the agency's on-going concept development and past work.

Scientific missions also have investigated the nature of asteroids to provide a glimpse of the origins of the solar system. From the Pioneer 10 spacecraft, which in 1972 was the first to venture into the Main Asteroid Belt, to the Dawn mission, which recently concluded its investigations of asteroid Vesta and is on its way to the dwarf planet Ceres, NASA's forays help us understand the origins of the solar system and inform decisions about how to conduct missions to distant planetary bodies. Scientists both at NASA and across the world also continue to study asteroids to shed light on their unique characteristics.

As NASA ventures farther into the solar system, the agency continues to simulate and evaluate operations and technical concepts for visiting an asteroid.

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Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_technology/~3/Qaw_3wV7ERc/130411113453.htm

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Opel dismisses reports of plants running at half-capacity

BERLIN, April 11 (Reuters) - Bayern Munich have received more than 200,000 ticket requests for their Champions League semi-final game in Munich, thousands of which were made before they advanced against Juventus, the club said on Thursday. "We have been updating the figure constantly and at the moment it stands at 200,000 ticket requests for the semi-final home leg," a Bayern Munich official told Reuters. Bayern's stadium fits only 69,000 and that includes the 39,500 ticket holders and any fans travelling with their opponents. ...

Source: http://news.yahoo.com/opel-dismisses-reports-plants-running-half-capacity-131642155--finance.html

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Thursday, April 11, 2013

International Budget Guide 2013: Granada & San Juan Del Sur ...

san juan del sur surferAmericans have long associated Nicaragua with the Cold-War era Iran-Contra scandal but as prices rise in Costa Rica and safety drops in Mexico, more and more savvy travelers are discovering that Nicaragua is a safe, cheap and interesting place with great beaches, reliably warm weather and a vibrant cultural scene.

Travel writers have been hyping Nicaragua for years. In 2005, Frommer's called it "the next big thing" and glossy magazines like Travel & Leisure and Cond? Nast promoted the country as a budget friendly alternative to Costa Rica. Until recently though, Nicaragua was still considered more of an off-the-beaten track backpacker destination than a place for American families to vacation. That tide is starting to turn, as The New York Times recently illustrated by naming Nicaragua one of its places to visit in 2013. On April 1, the country's first super luxury resort, Mukul, opened. If it succeeds, others will surely follow.

For the moment, Nicaragua is still a delightfully budget friendly holiday destination. According to the Wall Street Journal, foreign visitors spent an average of just $43 per day in Nicaragua in 2011. Nicaragua is the second poorest country in the Western Hemisphere, next to Haiti, so travelers should be prepared to experience heartbreaking poverty. Many who come for a vacation in Nicaragua end up staying to volunteer and even those who don't are often changed by their eye-opening experience in the country.

In checking out our recommendations below, please note that save Mukul and a few other ritzy places, nearly every hotel, restaurant and attraction in this country could qualify as "budget" or "value" by American standards. Our recent scouting trip didn't operate on a strict backpacker's budget, but according to Tim Leffel, author of "The World's Cheapest Destinations," savvy backpackers can by on as little as $15 per day in Nicaragua.

Budget Activities

Surf the Pacific: The Pacific Coast is a haven for surfers. San Juan del Sur is about a two-hour drive from the Managua airport and is a great base for surfers. Playa Hermosa, near San Juan del Sur, is a particularly good surf spot but there are dozens of other viable alternatives. There are several shops that rent boards and offer surf lessons, including Arena Caliente, Good Times Surf Shop and Baloy's Surf Shop. Arena Caliente also has a surf camp as does the all-girl surf camp Chicabrava.

Volcano Hikes/Boarding: There are several volcanoes that make for good day trips from San Juan del Sur or Granada. You can hike or drive up to the crater of Masaya Volcano ($5 entrance fee), which is just outside Granada, but if you stick around too long, you might get a bit light headed, as this is an active volcano. Isla de Ometepe has two more active volcanoes and is a great day trip from San Juan del Sur. There are places to hike and zip line all over the country and you can volcano board on the Cerro Negro Volcano near Leon.

Study Spanish or Volunteer: Nicaragua is also a great place to learn Spanish or volunteer. In San Juan del Sur, La Escuela Rosa Silva's Spanish School (50 meters west of the market) offers four hours of daily instruction for just $100 per week. Roger Ramirez's One-on-One Spanish Tutoring Academy (Calle Calzada) offers private lessons in Granada starting at just $6 per hour. The Moon Guide to Nicaragua has an extensive list of volunteer opportunities with organizations in Granada like Building New Hope, Empowerment International, and La Esperanza Granada.

ometepe nicaragua

Hotels

Granada- Hotel Plaza Colon- Travelers can find perfectly acceptable hotels in Granada for as little as $25 per night, but for a little bit more, you can stay at this historic old beauty of a hotel, located right on the city's principal square. The rooms are spacious and tastefully decorated, the staff is helpful to a fault and there's a great little pool in the hotel courtyard. From $99. Parque Central. hotelplazacolon.com

San Juan del Sur- Villas de Palermo- By Nicaraguan standards, this condo complex is a bit of a splurge, but it's a great value for families who want a full apartment, complete with a big, modern kitchen, rather than a hotel room. Many of the apartments have an ocean view and there's a glorious pool and a free shuttle that makes the 1-mile trip into town on the hour during daylight hours. From $159. villasdepalermo.com

Isla de Ometepe- The Corner House B & B- Rooms at Ometepe are stylish but simple and are a bargain for what you pay. The Canadian woman and British man that run the place are extraordinarily friendly and will help you plan adventures around the island. Try the excellent breakfast. From $25. thecornerhouseometepe.com Moyogalpa.

Restaurants

Granada- Restaurante El Garaje- This intimate, little place doesn't seem appealing from the street - they keep the gate locked, you have to ring the doorbell to enter and the place is very dark - but the food is excellent and dirt cheap, with full meals for $4-7. A Canadian couple from Vancouver who came to Granada on a vacation and decided to stay run the place out of a front room in their home, and you can watch them prepare the eclectic menu, which changes every night and can include anything from fresh fish to quesadillas to Thai. 512 Calle Corral.

San Juan del Sur- Asados Juanita- Juanita is very easy to find. Just look for the crowds and you'll see her grilling up meats on the street. For $4, you get a choice of freshly grilled meats, a small salad, plantains, rice, beans and guacamole. Near Casa Oro Hostel and the Central Market.

Laguna de Apoyo- Abuelas- The Laguna de Apoyo is a great place for a swim and the setting for this restaurant couldn't be lovelier. It features very tasty grilled meats and seafood, with most entrees in the $8-12 range. Best of all, you can go for a swim and lounge on one of their lagoon-side deckchairs after your feast.

Logistics

Getting Around
Car rental isn't particularly cheap in Nicaragua but it's easy to get around without a car. The Nicaraguan government has invested heavily in building and repairing roads in recent years in a bid to boost tourism. In San Juan del Sur, you can hire a driver for around $50-$60 a day. Just talk to any of the cab drivers you see parked in the town or ask your hotel for help.

A ride on a local chicken bus will cost about 60-80 cents an hour and more comfortable minibuses aren't much more. A short ride in a taxi in Granada can cost as little as 50 cents each because the drivers stop to pick up other passengers. The one hour, twenty minute ferry ride to Isla de Ometepe costs less than $2.

We used Camilo Rivera, a taxi driver based in San Juan del Sur, (505) 886-72336 - and can highly recommend him - for $50-60 per day depending on where you want to go.

Seasonality
Weather in Nicaragua is almost always hot, sunny and dry in the high season, which runs from December through February, plus Easter. March-May can be uncomfortably hot. June-August is a bit cooler and generally dry, while September-November is the rainy season.

Safety
Nicaraguans boast that their country is the safest in Central America. There is no reliable way to test that claim but in our scouting trip we felt safe in San Juan del Sur, Ometepe and Granada. As in any developing country, tourists sometimes get robbed, but in most cases, they are crimes of opportunity and the victims aren't harmed. Use the same precautions here that you would in any large city. Americans should also be extra careful not to run afoul of Nicaragua's laws, especially the drug laws, as the justice system is deeply flawed and a number of foreigners have been imprisoned on dubious charges.

Note: San Juan del Sur and other towns in Nicaragua don't use traditional street names and addresses. On our scouting trip this didn't prove to be a problem as cab drivers in Granada and San Juan del Sur know how to find just about any beach, hotel, restaurant, store or attraction you might want to visit.

[Photo credits: Dave Seminara]

Filed under: Nicaragua, Budget Travel, Central America

Source: http://www.gadling.com/2013/04/10/international-budget-guide-2013-granada-and-san-juan-del-sur-nic/

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Cookie Monster, Elmo get in Times Square trouble

An Elmo character poses for photos in New York's Times Square, Tuesday, April 9, 2013. A string of arrests in the last few months has brought unwelcome attention to the growing number of people, mostly poor immigrants, who make a living by donning character outfits, roaming Times Square and charging tourists a few dollars to pose with them in photos. (AP Photo/Richard Drew)

An Elmo character poses for photos in New York's Times Square, Tuesday, April 9, 2013. A string of arrests in the last few months has brought unwelcome attention to the growing number of people, mostly poor immigrants, who make a living by donning character outfits, roaming Times Square and charging tourists a few dollars to pose with them in photos. (AP Photo/Richard Drew)

A Super Mario character, left, uses a woman's mobile phone camera to photographer her with a pair of Elmo characters in New York's Times Square, Tuesday, April 9, 2013. A string of arrests in the last few months has brought unwelcome attention to the growing number of people, mostly poor immigrants, who make a living by donning character outfits, roaming Times Square and charging tourists a few dollars to pose with them in photos. (AP Photo/Richard Drew)

Elmo and two Hello Kitty characters pose for photos with a little girl in New York's Times Square, Tuesday, April 9, 2013. A string of arrests in the last few months has brought unwelcome attention to the growing number of people, mostly poor immigrants, who make a living by donning character outfits, roaming Times Square and charging tourists a few dollars to pose with them in photos. (AP Photo/Richard Drew)

A woman gives a monetary tip to characters in New York's Times Square after she photographed the girl with them, Tuesday, April 9, 2013. A string of arrests in the last few months has brought unwelcome attention to the growing number of people, mostly poor immigrants, who make a living by donning character outfits, roaming Times Square and charging tourists a few dollars to pose with them in photos. (AP Photo/Richard Drew)

(AP) ? Cookie Monster stands accused of shoving a 2-year-old. Super Mario was charged with groping a woman. And Elmo was booked for berating tourists with anti-Semitic slurs.

Times Square is crawling with entrepreneurs who dress up as pop-culture characters and try to make a few bucks posing for photos with visitors to the big city. But some of these characters are unlike anything you've seen on "Sesame Street" or at Disney World.

They smoke, they use foul language, and they can be aggressive. At least three of them have been arrested in the past seven months.

"He was using words that were really bad," said Parmita Kurada of Stamford, Conn., who told police she got into a dispute this week with a man in a Cookie Monster costume who demanded $2 for posing with her 2-year-old son, Samay.

Kurada said that when she told the Cookie Monster that her husband needed to get cash, the shaggy blue creature pushed the boy and began calling her and the child obscene names.

"It was very scary for us, and I was crying. I didn't want to provoke him, so I said, 'We'll give you the money, but stop yelling!'" she said.

Osvaldo Quiroz-Lopez, 33, was charged with assault, child endangerment and aggressive begging. His lawyer did not immediately return a call for comment.

Asked by a WNBC-TV reporter why he no longer likes the character he sees on "Sesame Street," little Samay said: "Because Cookie Monster give me boo-boo."

In the wake of the latest arrest, the bustling "Crossroads of the World" was filled Tuesday with performers, including multiple versions of Mickey and Minnie Mouse, Hello Kitty, a Transformer robot, Lady Liberty, Super Mario and Elmo.

Many of them are immigrants trying to eke out a living in what appear to be knockoff costumes.

As street performers protected by the First Amendment, they are free to roam Times Square and work for tips that average between $2 and $5 a photo as long as they don't block traffic, sell merchandise or demand payment, police say. That's a ticketable offense that can cost about $60.

"I don't think they should charge, but if they're unemployed or homeless, and this is the only way they can make money, it's OK," said Lauren Larcara of Oakland, N.J., who posed with a torch-carrying Statue of Liberty.

Laura Vanegas, a 45-year-old native of Ecuador, changes into her Liberty robes and applies copper-green face paint behind the Times Square military recruiting station. She said she picks up $30 to $50 on her eight-hour shift.

Steve Crass, dressed as a robot in fluorescent red and white plastic panels, said he has made as much as $280 during his six-hour stint in front of Toys R Us. He acknowledged: "Some of the characters are a little too aggressive."

Police spokesman Paul Browne said in an email that the department has had "occasional issues with the 'faux paws' in Times Square, but they're nominal."

The case against the Super Mario charged with groping is still pending. The Elmo accused of an anti-Semitic rant pleaded guilty in September to disorderly conduct and was sentenced to two days of community service.

City Council Speaker Christine Quinn called the Cookie Monster case "just horrible" and said lawmakers have been looking into how to regulate the characters. But she noted the issue is, well, fuzzy.

"It's very challenging legally because dressing up in a costume and walking around Times Square is, we believe, a First Amendment-protected activity," said Quinn, a candidate to be New York's next mayor.

Similar cases of misbehavior by costumed performers have been reported in Hollywood.

Disney did not respond to a request for comment, while the Sesame Workshop, the organization behind "Sesame Street," said it has not authorized such uses of any its characters in any city and is looking into what actions it can take.

Anthony Elia, a New York lawyer in the intellectual-property field, said the entertainment groups probably have a case for trademark infringement, but "the challenge probably would be getting a bunch of self-employed entrepreneurial individuals to stop."

It's not the easiest way to make a living. On a day when temperatures pushed 80, they sweated in their outfits, coming out from under their oversized costume heads only to grab a hot dog or a smoke. When one posed for a photo, two or three others dashed over and joined in.

"Want to take a picture?" a furry red Elmo asked a tourist. Moments later, he declined to speak to a reporter, saying through his costume, "I no speak English."

A Minnie Mouse offered a toddler in a stroller her hand and positioned herself at the handlebar. A Super Mario rushed over to join her.

"She said, 'Can you give us money?'" said the child's mother, Melanie Somogyi of Hamilton, Ontario. "And they grabbed the stroller!"

___

AP reporters Colleen Long, Karen Matthews and Jennifer Peltz in New York contributed to this report.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2013-04-09-Times%20Square%20Characters/id-098086c2fe1d42eca206f913e0d9f78e

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