An unmanned rocket owned by privately held Space Exploration Technologies blasted off from Cape Canaveral Air Force Station on Tuesday for a mission designed to be the first commercial flight to the International Space Station.
If this unmanned flight and others like it succeed, commercial The 178-foot (54-meter) tall Falcon 9 rocket lifted off at 3:44 a.m. (7:44 GMT) from a refurbished launch pad just south of where NASA launched its now-retired space shuttles.
Less than 10 minutes later, the rocket delivered its cargo — a Dragon capsule with 1,200 pounds (544 kg) of supplies for the station crew — into orbit.
"Feels like a giant weight just came off my back," company founder and chief executive Elon Musk posted on Twitter after Dragon deployed its solar panels, the first of several key milestones that must be met before the spacecraft is cleared to dock at the station. "Falcon flew perfectly!!" Musk wrote.
NASA is counting on companies like Space Exploration Technologies, or SpaceX, to take over the task of flying cargo — and eventually astronauts — to the $100 billion space station, which orbits about 240 miles (390 km) above Earth.
Currently, NASA is dependent on Russia to fly crew to the station, at a cost of more than $60 million per person. Russia, Europe and Japan also fly cargo to the station.
If its test flight is successful, SpaceX would become the first private company to reach the space station, a microgravity research complex for biological, materials, fluid physics and other science experiments and technology demonstrations.
SpaceX and a second company, Orbital Sciences, already hold contracts worth a combined $3.5 billion to fly cargo to the station. SpaceX also is among four firms vying to build space taxis to fly astronauts, tourists and non-NASA researchers.
Separately, NASA contributed nearly $400 million to SpaceX's $1.2 billion commercial space program, which includes development and up to three test flights of Falcon 9 rockets and Dragon capsules.
An analysis by the U.S. Government Accountability Office shows that a similar program under traditional NASA procurement would have cost four to 10 times as much, said NASA's Alan Lindenmoyer, who manages the agency's commercial spaceflight initiatives.
Tuesday's launch followed a last-second cutoff of Falcon's planned liftoff on Saturday. Engineers later traced the problem to climbing pressure in an engine chamber due to a faulty purge valve.
"It looks like we probably could have flown with the condition," SpaceX president Gwynne Shotwell said during pre-launch mission commentary broadcast on NASA Television. "Once we separated from the ground, things would have settled down a bit, but it was still the right thing to do."
Dragon will take about a day to reach the space station's orbit. It will then spend another day practicing maneuvers and testing its communications systems and navigation aids.
If all goes as planned, NASA is expected to clear Dragon for berthing at the space station on Friday.
If this unmanned flight and others like it succeed, commercial The 178-foot (54-meter) tall Falcon 9 rocket lifted off at 3:44 a.m. (7:44 GMT) from a refurbished launch pad just south of where NASA launched its now-retired space shuttles.
Less than 10 minutes later, the rocket delivered its cargo — a Dragon capsule with 1,200 pounds (544 kg) of supplies for the station crew — into orbit.
"Feels like a giant weight just came off my back," company founder and chief executive Elon Musk posted on Twitter after Dragon deployed its solar panels, the first of several key milestones that must be met before the spacecraft is cleared to dock at the station. "Falcon flew perfectly!!" Musk wrote.
NASA is counting on companies like Space Exploration Technologies, or SpaceX, to take over the task of flying cargo — and eventually astronauts — to the $100 billion space station, which orbits about 240 miles (390 km) above Earth.
Currently, NASA is dependent on Russia to fly crew to the station, at a cost of more than $60 million per person. Russia, Europe and Japan also fly cargo to the station.
If its test flight is successful, SpaceX would become the first private company to reach the space station, a microgravity research complex for biological, materials, fluid physics and other science experiments and technology demonstrations.
SpaceX and a second company, Orbital Sciences, already hold contracts worth a combined $3.5 billion to fly cargo to the station. SpaceX also is among four firms vying to build space taxis to fly astronauts, tourists and non-NASA researchers.
Separately, NASA contributed nearly $400 million to SpaceX's $1.2 billion commercial space program, which includes development and up to three test flights of Falcon 9 rockets and Dragon capsules.
An analysis by the U.S. Government Accountability Office shows that a similar program under traditional NASA procurement would have cost four to 10 times as much, said NASA's Alan Lindenmoyer, who manages the agency's commercial spaceflight initiatives.
Tuesday's launch followed a last-second cutoff of Falcon's planned liftoff on Saturday. Engineers later traced the problem to climbing pressure in an engine chamber due to a faulty purge valve.
"It looks like we probably could have flown with the condition," SpaceX president Gwynne Shotwell said during pre-launch mission commentary broadcast on NASA Television. "Once we separated from the ground, things would have settled down a bit, but it was still the right thing to do."
Dragon will take about a day to reach the space station's orbit. It will then spend another day practicing maneuvers and testing its communications systems and navigation aids.
If all goes as planned, NASA is expected to clear Dragon for berthing at the space station on Friday.
A new iPhone app is able to reveal the identity of your friends in any photos that you take. The app is called KLiK and it performs real-time facial recognition, which means it can instantly identify and tag your friends in your photos. Gil Hirsch, the CEO of the facial recognition technology platform, Face.com, which is the company behind KLiK said, "It's our most recent evolution of both the platform and the consumer product that we're offering." The way the app works is that it connects to Facebook and then scans your friends' photos to create facial profiles of everyone in the user's network. The app then identifies people in the pictures you take by comparing them to the facial profiles created from Facebook.
Of course, the app doesn't work like Google Goggles. Hirsch says, "It's not like you can point this at someone on the street and make it work." Since the app uses your Facebook profile to scan people, it will only be able to identify people you have as friends on Facebook. For those who still have friends who are not on Facebook, the app comes with a learn mode with which it can learn the faces of those friends that you do not have on Facebook. Finally, as any good photo app should do, KLiK also contains Instagram like filters and photos can be shared via Facebook, Twitter and e-mail.
The big issue that comes up with the way the app works is privacy. Hirsch, however says, "This system has been engineered from the get-go to preserve privacy and also deliver a social fun value and nothing creepy," in response to the privacy concerns that come up. Another service that Face.com has previously released is Photo Finder, which scans your friends' Facebook photos and finds pictures of you that you were never tagged in. The company also has technology for facial recognition, which does not come with privacy concerns, because while it can reveal gender, age and mood, it cannot reveal identity. KLiK is currently available from the iOS App Store for free. It can run on iPhones, iPod Touch and iPads running iOS 4.3 and later.
Of course, the app doesn't work like Google Goggles. Hirsch says, "It's not like you can point this at someone on the street and make it work." Since the app uses your Facebook profile to scan people, it will only be able to identify people you have as friends on Facebook. For those who still have friends who are not on Facebook, the app comes with a learn mode with which it can learn the faces of those friends that you do not have on Facebook. Finally, as any good photo app should do, KLiK also contains Instagram like filters and photos can be shared via Facebook, Twitter and e-mail.
The big issue that comes up with the way the app works is privacy. Hirsch, however says, "This system has been engineered from the get-go to preserve privacy and also deliver a social fun value and nothing creepy," in response to the privacy concerns that come up. Another service that Face.com has previously released is Photo Finder, which scans your friends' Facebook photos and finds pictures of you that you were never tagged in. The company also has technology for facial recognition, which does not come with privacy concerns, because while it can reveal gender, age and mood, it cannot reveal identity. KLiK is currently available from the iOS App Store for free. It can run on iPhones, iPod Touch and iPads running iOS 4.3 and later.
As promised, finance minister Pranab Mukherjee is out with the white paper on black money, which attempts to give an elaborate backgrounder on the generation of black money in India and abroad.
Black money, according to the white paper released today, can be generated mainly under two heads: generating it by manipulation of accounts and generating it in some vulnerable sections of the economy.
Under each of these heads, the paper lists 11 different ways to generate cash. Here are 22 ways to generate black money:
Manipulation of accounts
1. Out of book transactions: Not entering transactions that might result in taxation into the book of accounts. The taxpayer either maintains no book of record or reports partial transactions only.
2. Parallel book of accounts: Adopted by those who are obliged under law to maintain books of account. The taxpayer maintains one book for their own use which records all transactions while another is submitted to concerned authorities reporting part of the transactions.
3. Manipulation of books of account: When tax payers have to maintain books under different acts like Companies Act, Income Tax Act etc, it is difficult to maintain multiple parallel books. In that case they just manipulate the books of account.
4. Manipulation of sales/receipts: A taxpayer is required to pay taxes on profit or income which is the difference between sale proceeds or receipts and expenditure. Thus manipulation of sales or receipts is the easiest method of tax evasion. They might also divert sales to dummy or associated entities.
5. Under reporting production: Manipulation of production figure may be resorted to for the purpose of evading central excise, sales tax, or income tax.
6. Manipulation of expenses: Since the income on which taxes are payable is arrived at after deducting the expenses of the business from the receipts, manipulation of expenses is a commonly adopted method of tax evasion. This means under reporting of income.
7. Other manipulations: Besides inflation of purchase or raw material cost, expenses like labour charges, entertainment expenses, and commission can be inflated or falsely booked to reduce profits, generally done through showing wrong bills.
8. Manipulation by Way of International Transactions through Associate Enterprises: Manipulation of profits and taxes payable thereon may involve using associated enterprises in low tax jurisdictions through which goods or other material may be passed on. This may lead to accumulation of black money earned from within India to another country which are typically tax havens.
9. Manipulation of capital: The capital of the taxpayer reported in the balance sheet is the accumulated wealth which is invested in the form of assets or as working capital of the business. Manipulation of capital can be one of
the ways of laundering and introduction of black money in books of accounts.
10. Manipulation of closing stock: Suppression of closing stock both in terms of quality and value is one of the most common methods of understating profit. This might include undervaluation of inventory, which means that while the expenses are being accounted for in the books, the value being added is not accounted for, thereby artificially reducing the profits.
11. Manipulation of capital expenses: Over-invoicing plant and equipment or any capital asset is an approach adopted to claim higher depreciation and thereby reduce the profit of the business.
Black money in vulnerable sections of the economy
12. Land and real estate transaction: The taxes applicable on real estate transactions in form of stamp duty and capital gains tax can be avoided by under-reporting of transaction price.
13. Bullion and Jewellery Transactions: Cash sales in the gold and jewellery trade allows the buyer to convert black money into gold and bullion, while the trader can keep his unaccounted wealth in the form of stock, not disclosed in the books or valued at less than market price.
14. Financial market transaction: Financial markets can generate black money, especially in IPOs by rigging of the markets.
15. Public procurement: The total public procurement figure for India has grown phenomenally and is currently estimates at around Rs 10-11 lakh crore per year giving ample opportunity for creation of black money.
16. Non profit sector: Taxation laws allow certain privileges and incentives for promoting charitable activities. These can be misused through entities claimed to be constituted for nonprofit motive and are among possible sources of generation of black money.
17. Informal Sector and Cash Economy:Dependence on agriculture, existence of a large informal sector, and insufficient banking infrastructure with large un-banked and under-banked areas have meant huge cash transactions in the economy making it vulnerable to more black money.
18. External trade and Transfer Pricing: More than 60 per cent of global trade is carried out between associated enterprises of multinational enterprises who function across geographies. They might manipulate to take use of different taxation regimes they work across giving rise to more black money.
19. Trade-based Money Laundering: This is the process of disguising the proceeds of crime and moving value through the use of trade transactions in an attempt at legitimising their illicit origins.
20. Tax Havens: These are typically characterised by no or very low taxes, lack of effective exchange of information, and lack of transparency about substantial activities. Though they have agreed to share more information over time, they can be used to generate more black money.
21. Off shore financial centres (OFC): Some of the old tax havens have adopted the more benign designation of OFC and tend to describe themselves as financial centres specializing in non-residential financial transactions. They generally can also generate black money with their array of secrecy provisions that lack regulation.
22. Investment through Innovative Derivative Instruments: With increasing sophistication of derivative instruments, new opportunities for investing and making profits without being subjected to taxes and regulations are also opening up, which might also lead to black money.
Black money, according to the white paper released today, can be generated mainly under two heads: generating it by manipulation of accounts and generating it in some vulnerable sections of the economy.
Under each of these heads, the paper lists 11 different ways to generate cash. Here are 22 ways to generate black money:
Manipulation of accounts
1. Out of book transactions: Not entering transactions that might result in taxation into the book of accounts. The taxpayer either maintains no book of record or reports partial transactions only.
2. Parallel book of accounts: Adopted by those who are obliged under law to maintain books of account. The taxpayer maintains one book for their own use which records all transactions while another is submitted to concerned authorities reporting part of the transactions.
3. Manipulation of books of account: When tax payers have to maintain books under different acts like Companies Act, Income Tax Act etc, it is difficult to maintain multiple parallel books. In that case they just manipulate the books of account.
4. Manipulation of sales/receipts: A taxpayer is required to pay taxes on profit or income which is the difference between sale proceeds or receipts and expenditure. Thus manipulation of sales or receipts is the easiest method of tax evasion. They might also divert sales to dummy or associated entities.
5. Under reporting production: Manipulation of production figure may be resorted to for the purpose of evading central excise, sales tax, or income tax.
6. Manipulation of expenses: Since the income on which taxes are payable is arrived at after deducting the expenses of the business from the receipts, manipulation of expenses is a commonly adopted method of tax evasion. This means under reporting of income.
7. Other manipulations: Besides inflation of purchase or raw material cost, expenses like labour charges, entertainment expenses, and commission can be inflated or falsely booked to reduce profits, generally done through showing wrong bills.
8. Manipulation by Way of International Transactions through Associate Enterprises: Manipulation of profits and taxes payable thereon may involve using associated enterprises in low tax jurisdictions through which goods or other material may be passed on. This may lead to accumulation of black money earned from within India to another country which are typically tax havens.
9. Manipulation of capital: The capital of the taxpayer reported in the balance sheet is the accumulated wealth which is invested in the form of assets or as working capital of the business. Manipulation of capital can be one of
the ways of laundering and introduction of black money in books of accounts.
10. Manipulation of closing stock: Suppression of closing stock both in terms of quality and value is one of the most common methods of understating profit. This might include undervaluation of inventory, which means that while the expenses are being accounted for in the books, the value being added is not accounted for, thereby artificially reducing the profits.
11. Manipulation of capital expenses: Over-invoicing plant and equipment or any capital asset is an approach adopted to claim higher depreciation and thereby reduce the profit of the business.
Black money in vulnerable sections of the economy
12. Land and real estate transaction: The taxes applicable on real estate transactions in form of stamp duty and capital gains tax can be avoided by under-reporting of transaction price.
13. Bullion and Jewellery Transactions: Cash sales in the gold and jewellery trade allows the buyer to convert black money into gold and bullion, while the trader can keep his unaccounted wealth in the form of stock, not disclosed in the books or valued at less than market price.
14. Financial market transaction: Financial markets can generate black money, especially in IPOs by rigging of the markets.
15. Public procurement: The total public procurement figure for India has grown phenomenally and is currently estimates at around Rs 10-11 lakh crore per year giving ample opportunity for creation of black money.
16. Non profit sector: Taxation laws allow certain privileges and incentives for promoting charitable activities. These can be misused through entities claimed to be constituted for nonprofit motive and are among possible sources of generation of black money.
17. Informal Sector and Cash Economy:Dependence on agriculture, existence of a large informal sector, and insufficient banking infrastructure with large un-banked and under-banked areas have meant huge cash transactions in the economy making it vulnerable to more black money.
18. External trade and Transfer Pricing: More than 60 per cent of global trade is carried out between associated enterprises of multinational enterprises who function across geographies. They might manipulate to take use of different taxation regimes they work across giving rise to more black money.
19. Trade-based Money Laundering: This is the process of disguising the proceeds of crime and moving value through the use of trade transactions in an attempt at legitimising their illicit origins.
20. Tax Havens: These are typically characterised by no or very low taxes, lack of effective exchange of information, and lack of transparency about substantial activities. Though they have agreed to share more information over time, they can be used to generate more black money.
21. Off shore financial centres (OFC): Some of the old tax havens have adopted the more benign designation of OFC and tend to describe themselves as financial centres specializing in non-residential financial transactions. They generally can also generate black money with their array of secrecy provisions that lack regulation.
22. Investment through Innovative Derivative Instruments: With increasing sophistication of derivative instruments, new opportunities for investing and making profits without being subjected to taxes and regulations are also opening up, which might also lead to black money.
China’s government has failed to curb manufacturing of counterfeit military electronic parts by Chinese companies that are the “dominant source” of fakes in the U.S. defense supply chain, a Senate investigation found.
The U.S. Air Force suspended in January a Shenzhen, China- based company from supplying parts to U.S. contractors after it sold about 84,000 suspect components, many of them installed on U.S. aircraft, according to an example cited in the U.S. Senate Armed Services Committee report released yesterday.
The panel’s report outlines the results of a 14-month investigation disclosing dozens of examples of suspected counterfeit electronic parts. Saying U.S. companies and the military services didn’t crack down on abuses, the committee said the defense industry “routinely failed to report cases of suspect counterfeit parts, putting the integrity of the supply chain at risk.”
The report didn’t cite any examples of counterfeit parts causing damage such as lives lost or planes that crashed.
The committee said it found “overwhelming and undeniable evidence to support” the conclusion that China hasn’t taken steps to stop operations “that are carried out openly in that country.”
Denying Visas
“Rather than acknowledging the problem and moving aggressively to shut down counterfeiters, the Chinese government has tried to avoid scrutiny, including denying visas to committee staff to travel to mainland China as part of the investigation,” according to the report.
Geng Shuang, a spokesman at the Chinese embassy in Washington, didn’t respond to an e-mail yesterday seeking comment.
The Senate committee’s investigative staff amassed a database with 1,800 cases of counterfeiting involving about 1 million parts. It scrutinized 100 cases and found that 70 percent of the suspect parts were traced to Chinese companies. The U.K. and Canada followed China, based on the resale by companies in those countries of parts from China, according to the report.
The “vast majority of the 1,800 cases appear to have gone unreported to the Defense Department or criminal authorities,” the report found.
Night-Vision Sights
Suspect parts went into equipment ranging from thermal night-vision sights for Army weapons to computers installed on Lockheed Martin Corp. (LMT) missile interceptors and transport aircraft as well as those made by L-3 Communications Holdings Inc. (LLL) and Boeing Co. (BA), according to the panel’s report.
Questionable parts also made it into special forces helicopters, Raytheon Co. (RTN)’s GPS-guided Excalibur artillery shell and General Dynamics Corp. (GD)’s Army Stryker Mobile Gun, according to the report.
The committee disclosed at a November hearing that it found counterfeit parts on at least seven aircraft, including the C-130J transport plane from Bethesda, Maryland-based Lockheed Martin and the P-8A Poseidon maritime patrol from Chicago-based Boeing.
Two new Air Force C-27J Spartans from New York-based L-3 deployed to Afghanistan had displays with suspect parts, according to the panel.
The committee traced memory chips in the L-3 to the company in Shenzhen, which also delivered an earlier counterfeit part L-3 discovered in October 2009, the panel said.
Company Suspended
The Air Force on January 13 suspended the company, Hong Dark Electronic Trade Co., from Pentagon contracting, according to a memo from the service.
“Hong Dark has supplied suspect counterfeit parts” to a middleman who then sold the parts to L-3 Communications, Boeing, Lockheed Martin, and Raytheon, among others, Air Force Deputy General Counsel Steven Shaw said in the memo.
Many of the 84,000 electronic parts from Hong Dark have been installed on aircraft such the C-17 transport and helicopters such as the AH-64 Apache and CH-46, according to Shaw.
After the November hearing, L-3 officials sent samples from 20 lots of parts purchased from the company for independent testing, which confirmed that all except two were suspect, according to the Senate committee.
L-3 also provided the committee an “extensive” list of equipment beyond the C-27J aircraft that contained suspect counterpart parts, such as the Traffic Alert and and Collision Avoidance System for preventing mid-air collisions used on several military programs, including the Global Hawk drone from Northrop Grumman Corp. (NOC)
The defense industry has failed to utilize an existing database for sharing information, the Government-Industry Data Exchange, that’s intended to ease the dissemination of warnings on faulty parts and their manufacturers, the committee said.
Only 271 reports of suspect parts were disseminated in the defense supply chain in 2009 and 2010, the period when the committee identified 1,800 cases of suspect parts.
The U.S. Air Force suspended in January a Shenzhen, China- based company from supplying parts to U.S. contractors after it sold about 84,000 suspect components, many of them installed on U.S. aircraft, according to an example cited in the U.S. Senate Armed Services Committee report released yesterday.
The panel’s report outlines the results of a 14-month investigation disclosing dozens of examples of suspected counterfeit electronic parts. Saying U.S. companies and the military services didn’t crack down on abuses, the committee said the defense industry “routinely failed to report cases of suspect counterfeit parts, putting the integrity of the supply chain at risk.”
The report didn’t cite any examples of counterfeit parts causing damage such as lives lost or planes that crashed.
The committee said it found “overwhelming and undeniable evidence to support” the conclusion that China hasn’t taken steps to stop operations “that are carried out openly in that country.”
Denying Visas
“Rather than acknowledging the problem and moving aggressively to shut down counterfeiters, the Chinese government has tried to avoid scrutiny, including denying visas to committee staff to travel to mainland China as part of the investigation,” according to the report.
Geng Shuang, a spokesman at the Chinese embassy in Washington, didn’t respond to an e-mail yesterday seeking comment.
The Senate committee’s investigative staff amassed a database with 1,800 cases of counterfeiting involving about 1 million parts. It scrutinized 100 cases and found that 70 percent of the suspect parts were traced to Chinese companies. The U.K. and Canada followed China, based on the resale by companies in those countries of parts from China, according to the report.
The “vast majority of the 1,800 cases appear to have gone unreported to the Defense Department or criminal authorities,” the report found.
Night-Vision Sights
Suspect parts went into equipment ranging from thermal night-vision sights for Army weapons to computers installed on Lockheed Martin Corp. (LMT) missile interceptors and transport aircraft as well as those made by L-3 Communications Holdings Inc. (LLL) and Boeing Co. (BA), according to the panel’s report.
Questionable parts also made it into special forces helicopters, Raytheon Co. (RTN)’s GPS-guided Excalibur artillery shell and General Dynamics Corp. (GD)’s Army Stryker Mobile Gun, according to the report.
The committee disclosed at a November hearing that it found counterfeit parts on at least seven aircraft, including the C-130J transport plane from Bethesda, Maryland-based Lockheed Martin and the P-8A Poseidon maritime patrol from Chicago-based Boeing.
Two new Air Force C-27J Spartans from New York-based L-3 deployed to Afghanistan had displays with suspect parts, according to the panel.
The committee traced memory chips in the L-3 to the company in Shenzhen, which also delivered an earlier counterfeit part L-3 discovered in October 2009, the panel said.
Company Suspended
The Air Force on January 13 suspended the company, Hong Dark Electronic Trade Co., from Pentagon contracting, according to a memo from the service.
“Hong Dark has supplied suspect counterfeit parts” to a middleman who then sold the parts to L-3 Communications, Boeing, Lockheed Martin, and Raytheon, among others, Air Force Deputy General Counsel Steven Shaw said in the memo.
Many of the 84,000 electronic parts from Hong Dark have been installed on aircraft such the C-17 transport and helicopters such as the AH-64 Apache and CH-46, according to Shaw.
After the November hearing, L-3 officials sent samples from 20 lots of parts purchased from the company for independent testing, which confirmed that all except two were suspect, according to the Senate committee.
L-3 also provided the committee an “extensive” list of equipment beyond the C-27J aircraft that contained suspect counterpart parts, such as the Traffic Alert and and Collision Avoidance System for preventing mid-air collisions used on several military programs, including the Global Hawk drone from Northrop Grumman Corp. (NOC)
The defense industry has failed to utilize an existing database for sharing information, the Government-Industry Data Exchange, that’s intended to ease the dissemination of warnings on faulty parts and their manufacturers, the committee said.
Only 271 reports of suspect parts were disseminated in the defense supply chain in 2009 and 2010, the period when the committee identified 1,800 cases of suspect parts.
Imagine a sophisticated bicycle that matches the speeds of a bike with just the press of a button.
Well, your fantasy has now become a reality - thanks to an incredible new e-bike by a auto manufacturer.
The new e-bike Worthersee, built on motor racing design principles, has every possible gadget that you could ever need just like a Formula 1 car. Perhaps the most helpful feature is an electric motor to help rest those tired legs of the rider. But this isn't just any electric motor, it can help build speeds up to 80km per hour, the Daily Mail reported.
According to its developers, a cyclist can choose between a total of five modes, including the pure muscle power mode, the electric motor alone, or pedalling supported by the motor.
In the 'Pure' mode, the drive power is purely the product of the cyclist's legs, while in 'Pedelec' mode you are aided by the electric motor that then makes speeds of up to 50 mph.
If you select 'eGrip', the ebike Worthersee runs solely on the electric motor and can reach a top speed of 31 mph. The cyclist then controls forward momentum using a gripshift and can configure power as desired using the touchscreen onbike computer.
The cyclist can also hook up to the computer using a smartphone. For those looking to record tricks, video images recorded via the in-helmet camera can be uploaded to the internet in real time via your smartphone.
Facebook status reports also pop up on the Audi e-bike Worthersee display.
Well, your fantasy has now become a reality - thanks to an incredible new e-bike by a auto manufacturer.
The new e-bike Worthersee, built on motor racing design principles, has every possible gadget that you could ever need just like a Formula 1 car. Perhaps the most helpful feature is an electric motor to help rest those tired legs of the rider. But this isn't just any electric motor, it can help build speeds up to 80km per hour, the Daily Mail reported.
According to its developers, a cyclist can choose between a total of five modes, including the pure muscle power mode, the electric motor alone, or pedalling supported by the motor.
In the 'Pure' mode, the drive power is purely the product of the cyclist's legs, while in 'Pedelec' mode you are aided by the electric motor that then makes speeds of up to 50 mph.
If you select 'eGrip', the ebike Worthersee runs solely on the electric motor and can reach a top speed of 31 mph. The cyclist then controls forward momentum using a gripshift and can configure power as desired using the touchscreen onbike computer.
The cyclist can also hook up to the computer using a smartphone. For those looking to record tricks, video images recorded via the in-helmet camera can be uploaded to the internet in real time via your smartphone.
Facebook status reports also pop up on the Audi e-bike Worthersee display.
A New Jersey woman said on Monday that she was dismissed from a temporary job at a New York lingerie warehouse because her male employers felt she was too busty and dressed too provocatively for the workplace.
Wearing a form-fitting sequined black dress and black leather, sequin-studded boots, Lauren Odes, 29, said her Orthodox Jewish employers at Native Intimates told her that outfit and others like it were "too hot" for the warehouse.
"We should not be judged by the size of our breasts or the shape of our body," Odes said.
Odes's attorney, celebrity lawyer Gloria Allred, said she filed a gender and religious discrimination complaint with the U.S. Equal Employment Opportunity Commission in New York.
Odes said she felt her wardrobe was appropriate for a business that sells "thongs with hearts placed in the female genital area and boy shorts for women that say 'hot' in the buttocks area."
Media photographers climbed on chairs and crashed into each other as Odes held a pose and Allred held up a series of purple, black and brown outfits she said also led to the woman's dismissal.
Odes said that on successive days during her week-long employment in late April she was warned that her attire was too alluring, that her breasts should be taped down to make them look smaller, and that she was asked to wear a red bathrobe to cover one outfit.
"This whole experience has been horrifying to me," she told reporters. "I love fashion and I always will, but I don't believe any woman should be treated as I was."
Odes, whose said her duties included data entry and coordinating the shipping of samples to customers, said she eventually agreed to purchase a sweater to wear over her dress, but was dismissed anyway.
"I understand that there are Orthodox Jewish men who may have their views about how a woman should dress ... but I do not feel that any employer has the right to impose their religious beliefs on me," she said.
An employee at the company had no immediate comment on Odes' claims.
Wearing a form-fitting sequined black dress and black leather, sequin-studded boots, Lauren Odes, 29, said her Orthodox Jewish employers at Native Intimates told her that outfit and others like it were "too hot" for the warehouse.
"We should not be judged by the size of our breasts or the shape of our body," Odes said.
Odes's attorney, celebrity lawyer Gloria Allred, said she filed a gender and religious discrimination complaint with the U.S. Equal Employment Opportunity Commission in New York.
Odes said she felt her wardrobe was appropriate for a business that sells "thongs with hearts placed in the female genital area and boy shorts for women that say 'hot' in the buttocks area."
Media photographers climbed on chairs and crashed into each other as Odes held a pose and Allred held up a series of purple, black and brown outfits she said also led to the woman's dismissal.
Odes said that on successive days during her week-long employment in late April she was warned that her attire was too alluring, that her breasts should be taped down to make them look smaller, and that she was asked to wear a red bathrobe to cover one outfit.
"This whole experience has been horrifying to me," she told reporters. "I love fashion and I always will, but I don't believe any woman should be treated as I was."
Odes, whose said her duties included data entry and coordinating the shipping of samples to customers, said she eventually agreed to purchase a sweater to wear over her dress, but was dismissed anyway.
"I understand that there are Orthodox Jewish men who may have their views about how a woman should dress ... but I do not feel that any employer has the right to impose their religious beliefs on me," she said.
An employee at the company had no immediate comment on Odes' claims.
http://ibnlive.in.com/news/ap-hampi-express-collides-with-goods-train-6-dead/260072-62-129.html
The Hampi Express collided with a goods train near Penneconda in Andhra Pradesh early on Tuesday morning on its way from Hubli to Bangalore. Eight people were dead and 25 were injured in the collision, according to a railway spokesperson. The accident happened at around 3:45 am on Tuesday.
Railway Minister Mukul Roy is reportedly on his way to the accident site. The Railway Ministry has announced a compensation of Rs 5 lakh for the dead, Rs 1 lakh for grievous injuries and Rs 50,000 for simple injuries.
The traffic en route has reportedly been restored.
Three bogies of the Hampi Express got derailed. The accident caused the first two compartments of the train to catch fire. Reports say there was a short circuit in the first compartment.
The flames have been extinguished and Railway officials were trying to enter the train.
Rescue efforts were underway in Penneconda. Many people were feared trapped under the debris. The injured were taken to the Penneconda hospital.
Reports said the Hampi Express was over-speeding and overshot a signal due to which it collided with the goods train. However the spokesperson for the railways said that nothing could be confirmed until the probe was over.
Helpline numbers:
Bangalore: 080 22371166, 22156553, 22156554
Bellary: 08392 277704
Hubli: 0836-2345338, 2346141, 2289826
Hospet: 08394-221788
Update 1: Short Positions covered Nifty at 4860 ( Spot )
US markets rebounded from a 2012 lows as some technical bounce and supportive actions from Europe about Greece calmed the market nerves. Vix index has tumbled more than 10 %. The uptrend is not convincing yet as it was just a bounce from oversold positions. How the week will span out, we have to watch out for Greek Exit Headlines for that.
Nifty Trading Tips & Outlook Today
Yesterday we have recommended Sell on rise strategy on Nifty. Nifty has retreated from day high and closed flat. the bounce that is expected but it will be used to create short positions. We Continue our recommendation to Sell on Rise on Nifty and until it crosses 5000 and closes above it. Short positions may be created around 4970 or 4980 levels ( Spot ).
See out Previous Recommendation Here
US markets rebounded from a 2012 lows as some technical bounce and supportive actions from Europe about Greece calmed the market nerves. Vix index has tumbled more than 10 %. The uptrend is not convincing yet as it was just a bounce from oversold positions. How the week will span out, we have to watch out for Greek Exit Headlines for that.
Nifty Trading Tips & Outlook Today
Yesterday we have recommended Sell on rise strategy on Nifty. Nifty has retreated from day high and closed flat. the bounce that is expected but it will be used to create short positions. We Continue our recommendation to Sell on Rise on Nifty and until it crosses 5000 and closes above it. Short positions may be created around 4970 or 4980 levels ( Spot ).
See out Previous Recommendation Here
Everyme attracted nearly half a million users in their first month of operation. Here's why they jumped to the web and Android so quickly--and why Facebook's success is good news for other social networking services.
Everyme, a heavily funded social networking service, made it big last week when they unveiled web and Android versions of their previously iPhone-only app. The social networking service restricts itself to users' friends and families, and has a series of sophisticated algorithms that automatically determine how contacts know Everyme users. Everyme isn't just high-tech: It's also an early peak at the post-Facebook future of specialized social networks.
The California-based social networking service's secret source is a series of algorithms that go through a user's phonebook/contact list and automatically sort contacts into coworkers, family members, friends, neighbors, work contacts and other sublists--with a surprisingly high success rate. In a phone conversation with Fast Company, CEO Oliver Cameron explained that the algorithms were designed to understand the relationships between end users and their contacts. More importantly, Everyme was only able to provide their service with the advent of cloud computing--by using Amazon Web Services (AWS), the company was able to get the computer brainpower their sophisticated algorithms require.
Everyme, of course, is well funded and has prominent backers. The Y Combinator graduate recently raised $1.5 million in seed funding from a team of Silicon Valley A-listers including Andreessen-Horowitz, Crunchfund, and Greylock Partners. Since launching in April 2012, Everyme has attracted over 400,000 users--a staggering growth rate. Everyme's backers hope that the company will continue to attract similar numbers of new users over the next few months.
Social networking in 2012 is an odd game. The old Facebook-MySpace-Friendster (remember those?) wars are over and Mark Zuckerberg's creation is the Internet's de facto user directory in much of the world. Facebook attempts to be all things to all people. But while Facebook is ubiquitous, it also fails at niches. Spotify unites music lovers. Path caters to close circles of friends. Foodspotting caters to foodies. Goodreads is for readers. Instagram's for photo geeks. The list goes on and on--with the notable exception of LinkedIn, Twitter, and Tumblr, the only three truly successful non-Facebook social networking sites that exist in private ecosystems.
Like Spotify, Foodspotting, Goodreads, and Instagram, Everyme is also integrated with Facebook. Users can share Facebook status updates with circles of contacts via Everyme. Interestingly, Everyme has no option at all for public sharing: All content posted through the service goes directly to restricted circles of contacts.
Everyme's default social circles include Family, Friends, Co-workers, and “Sweethearts.” Users can easily customize social circles and all content is self-contained; stories, photos, and files posted to Everyme cannot be republished on sites like Facebook. However, Everyme does allow users to share content from Facebook, Instagram, and others on their site.
Ironically, Facebook's popularity makes it possible for other social networking sites to flourish. Facebook's Achilles heel is their awful mobile product, which makes it possible for smartphone-centric services like Everyme, Path, and Instagram to thrive (and, ironically, competitor Google+). More importantly, Facebook offers a massive list of services it provides to users. Most of these services work well, but none of them work great. This leaves space for more specialized social networking services to operate and, of course, make a profit. And if Everyme doesn't work, hey, at least users will still have one heck of an address book organizer.
Everyme, a heavily funded social networking service, made it big last week when they unveiled web and Android versions of their previously iPhone-only app. The social networking service restricts itself to users' friends and families, and has a series of sophisticated algorithms that automatically determine how contacts know Everyme users. Everyme isn't just high-tech: It's also an early peak at the post-Facebook future of specialized social networks.
The California-based social networking service's secret source is a series of algorithms that go through a user's phonebook/contact list and automatically sort contacts into coworkers, family members, friends, neighbors, work contacts and other sublists--with a surprisingly high success rate. In a phone conversation with Fast Company, CEO Oliver Cameron explained that the algorithms were designed to understand the relationships between end users and their contacts. More importantly, Everyme was only able to provide their service with the advent of cloud computing--by using Amazon Web Services (AWS), the company was able to get the computer brainpower their sophisticated algorithms require.
Everyme, of course, is well funded and has prominent backers. The Y Combinator graduate recently raised $1.5 million in seed funding from a team of Silicon Valley A-listers including Andreessen-Horowitz, Crunchfund, and Greylock Partners. Since launching in April 2012, Everyme has attracted over 400,000 users--a staggering growth rate. Everyme's backers hope that the company will continue to attract similar numbers of new users over the next few months.
Social networking in 2012 is an odd game. The old Facebook-MySpace-Friendster (remember those?) wars are over and Mark Zuckerberg's creation is the Internet's de facto user directory in much of the world. Facebook attempts to be all things to all people. But while Facebook is ubiquitous, it also fails at niches. Spotify unites music lovers. Path caters to close circles of friends. Foodspotting caters to foodies. Goodreads is for readers. Instagram's for photo geeks. The list goes on and on--with the notable exception of LinkedIn, Twitter, and Tumblr, the only three truly successful non-Facebook social networking sites that exist in private ecosystems.
Like Spotify, Foodspotting, Goodreads, and Instagram, Everyme is also integrated with Facebook. Users can share Facebook status updates with circles of contacts via Everyme. Interestingly, Everyme has no option at all for public sharing: All content posted through the service goes directly to restricted circles of contacts.
Everyme's default social circles include Family, Friends, Co-workers, and “Sweethearts.” Users can easily customize social circles and all content is self-contained; stories, photos, and files posted to Everyme cannot be republished on sites like Facebook. However, Everyme does allow users to share content from Facebook, Instagram, and others on their site.
Ironically, Facebook's popularity makes it possible for other social networking sites to flourish. Facebook's Achilles heel is their awful mobile product, which makes it possible for smartphone-centric services like Everyme, Path, and Instagram to thrive (and, ironically, competitor Google+). More importantly, Facebook offers a massive list of services it provides to users. Most of these services work well, but none of them work great. This leaves space for more specialized social networking services to operate and, of course, make a profit. And if Everyme doesn't work, hey, at least users will still have one heck of an address book organizer.
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