Monthly Archives: June 2011

Bugatti 57S Atalante supercar

The eccentric uncle who left a garage in his will… containing a £6m Bugatti supercar

Inside they found a 1937 Bugatti Type 57S Atalante, one of only 17 ever made.

The historic automobile with only 26,284 miles on the clock still has 99 per cent of its original parts.

It will be sold in Paris next month and is strongly tipped to surpass the £4.7million world record for a car at auction.

via The eccentric uncle who left a garage in his will… containing a £6m Bugatti supercar | Mail Online.

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Posted by on June 29, 2011 in investing


Blogger jailed over critical restaurant review

After visiting a Taichung beef noodle restaurant in July 2008, where she had dried noodles and side dishes, Liu wrote that the restaurant served food that was too salty, the place was unsanitary because there were cockroaches and that the owner was a “bully” because he let customers park their cars haphazardly, leading to traffic jams.

The restaurant’s owner, surnamed Yang, learned about Liu’s blog post from a regular customer, and filed charges against her, accusing her of defamation.

The Taichung District Court ruled that Liu’s criticism of the restaurant exceeded reasonable bounds and sentenced her to 30 days in detention, a ruling that Liu appealed.

The High Court found that Liu’s criticism about cockroaches in the restaurant to be a narration of facts, not intentional slander.

However, the judge also ruled that Liu should not have criticized all the restaurant’s food as too salty because she only had one dish on her single visit.

via Blogger jailed over critical restaurant review – Taipei Times.

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Posted by on June 28, 2011 in food, think


Why Graphene Won Scientists the Nobel Prize

Two University of Manchester scientists were awarded the 2010 Nobel Prize in physics Tuesday for their pioneering research on graphene, a one-atom-thick film of carbon whose strength, flexibility and electrical conductivity have opened up new horizons for pure physics research as well as high-tech applications.

Graphene Close-Ups

Graphene is one of the strongest, lightest and most conductive materials known to humankind. It’s also 97.3 percent transparent, but looks really cool under powerful microscopes. See our gallery of graphene images.

It’s a worthy Nobel, for the simple reason that graphene may be one of the most promising and versatile materials ever discovered. It could hold the key to everything from supersmall computers to high-capacity batteries.

Graphene’s properties are attractive to materials scientists and electrical engineers for a whole host of reasons, not least of which is the fact that it might be possible to build circuits that are smaller and faster than what you can build in silicon.

via Why Graphene Won Scientists the Nobel Prize | Gadget Lab |

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Posted by on June 27, 2011 in technology, think


Harrisburg Mayor is starving to end the financial crisis

One Mayor has her own method for taking on the financial crisis: Stop eating.

Harrisburg Mayor Linda Thompson said in a statement on Friday she will join religious leaders in three days of fasting and prayer to encourage ‘a cooperative spirit among government leaders, the business community and citizens.’

The refrain from food will begin on midnight Tuesday and run through 4 pm on Friday.

via Harrisburg Mayor is starving to end the financial crisis | Mail Online.

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Posted by on June 27, 2011 in economy, politics


Trial lawyers won’t give up on Wal-Mart lawsuits

If at first you don’t succeed, try, try, try again. That’s what trial lawyers are saying about the Supreme Court’s Wal-Mart decision, released earlier this week.

Wal-Mart is America’s largest private employer. On Monday, the U.S. Supreme Court threw out the class-action lawsuit alleging sex discrimination filed by three current and former employees on behalf of all 1.5 million current and former female Wal-Mart employees.

Joseph Sellers, one of the lawyers representing women in the case, promised to continue the fight by bringing more class-action lawsuits at the store or regional level.

He told the New York Times that “this case will be splintered into many cases that may take longer and be harder to resolve.”

via Trial lawyers won’t give up on Wal-Mart lawsuits | Diana Furchtgott-Roth | Columnists | Washington Examiner.

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Posted by on June 25, 2011 in business, economy


Annaly Ups Dividend, Pushing Yield Over 14

Annaly Capital Management, Inc. (NLY) declared a quarterly dividend of $0.65 per share after today’s closing bell, bumping its payout by 4.8%. This is the first dividend hike in a year from the agency mortgage REIT, which had reduced its payout each of the previous two quarters.

Annaly’s fat payout generally fluctuates from quarter to quarter. The company has paid anywhere from $0.55 to $0.75 per share in each of the last 12 quarters.

Shares of NLY closed Monday’s session trading at $18.50 — just a nickel off their 52-week high — where they now carry a 14.05% dividend yield.

via Annaly Ups Dividend, Pushing Yield Over 14% | The Dynamic Dividend.

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Posted by on June 21, 2011 in investing


The Hidden Cost of Home Ownership

What’s this hidden cost of home ownership? It’s TIME. Time is a ownership cost that most of us rarely factor in when we decide if we should rent or buy a home in our 20s. We run all of the financial calculations and crunch all of the numbers. What we don’t do is think about the time that we’ll now have to invest as a new home owner.

via The Hidden Cost of Home Ownership.

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Posted by on June 21, 2011 in investing, think

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