Now you can really pay as you go: Google unveils phone that can be swiped as a credit card Read more: http://www.dailymail.co.uk/sciencetech/article-1391012/Google-unveil-mobile-wallet-phone-swiped-credit-card.html#ixzz1NZAlQliE

Revelation 13:16-18 (King James Version)

 ¹⁶And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
 ¹⁷And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
 ¹⁸Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.


This device is NOT the mark, but the basis for the integrated system of buying and selling is now ready

Google unveiled an app today that allows users to pay for goods with their mobile phones.

In future customers will be able to pay just by waving their phone's screens across a terminal reader thanks to Google Wallet, the smartphone application.

Unveiled in New York the app, which will launch this summer, signals the start of what Google calls the age of mobile and local, know simply as 'MoLo'.

It will begin being tested in New York and San Francisco this summer, with the service expected to roll out across the rest of the U.S. next year.


The project is designed in conjunction with MasterCard and Citibank, and so far the likes of Macy's, American Eagle Outfitters, Subway, Walgreens and a host of other brands have signed up to the scheme.

Using Near Field Communication technology, the app will allow users to purchase goods. The payments will then be sent to the merchants who may choose to provide shopping incentives for the consumer.

Other merchants that are MasterCard Paypass enabled - such as CVS and Jack in the Box - will also accept payments from the app.

Google wrote on its blog: 'You'll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk.

'When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you.

'Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.'

The app will initially only be available on the Nexus S 4G Sprint model, but will expand to more phones in the future.
Mail One

Read more: http://www.dailymail.co.uk/sciencetech/article-1391012/Google-unveil-mobile-wallet-phone-swiped-credit-card.html#ixzz1NZAxFmho






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US lawmakers block China firms from Pentagon contracts

Lawmakers in the US House of Representatives have voted to bar Chinese defence firms from receiving Pentagon contracts.

The amendment was passed as part of a larger defence budget bill passed by the House in Washington on Wednesday.

It excludes all companies owned by or affiliated to the Chinese government from US defence deals.

The US Senate must also pass the bill before it can be approved by President Barack Obama.

Congresswoman Rose DeLauro, a sponsor of the amendment, said it would help guard US national security interests.

"With China making significant progress in the defence and aerospace industries, including a Chinese state-controlled company considering a bid for the contract for the next presidential helicopter, it is critical that we ensure US national security is protected and that the highly skilled jobs and associated technologies in these industries are not outsourced overseas," she said in a statement.

"This amendment will help guard American interests, not only for our national security, but also the innovation, job creation and long-term economic growth."

Media reports, including one from the Wall Street Journal, say Chinese state-owned military contractor China Aviation Industry Corp (AVIC) may be making a bid for a contract to supply the US presidential helicopter.

Last week, a top Chinese general, Chen Bingde, said in Washington that China had no intention of matching US military power.

BBC

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U.S. forces will not be prepared for a future conflict with China

The threat from Chinese advanced weapons, including new stealth fighters and ballistic missiles, dominated concerns expressed by senior military officers at a Senate hearing this week on the military impact of delays and problems with the new fifth-generation F-35 jet.

Two senior officers in charge of U.S. air power voiced increasing worries that U.S. forces will not be prepared for a future conflict with China, during a hearing of the Senate Armed Services airland subcommittee on Tuesday.

Air Force Lt. Gen. Herbert J. Carlisle, deputy chief of staff for operations, said China’s rollout earlier this year of a new J-20 stealth fighter, which has made two or three test flights, is very troubling, along with another joint Russian-Indian stealth jet.

Both aircraft could be sold to Iran and affect a future U.S. intervention there against Tehran’s nuclear program.

“Those are discouraging in that they rolled out in a time that we thought there was maybe a little bit more time, although we weren’t sure of that,” Gen. Carlisle said.

The three-star general’s comments echoed earlier comments by Navy Vice Adm. David J. Dorsett, a senior intelligence official, who said of the J-20 in January that “we have been pretty consistent in underestimating the delivery of Chinese technology and weapons systems.”

U.S. military fighters will remain a pace ahead technologically of both the Chinese and Russian stealth jets. But if there are further F-35 delays, “then that pacing is in jeopardy,” Gen. Carlisle said.

In unusually candid comments on China’s growing military power, Gen. Carlisle said: “You need only look across the Pacific and see what [China] is doing, not just their air force capability, but their surface-to-air [missile] capability, their ballistic missile capability, their anti-ship ballistic missiles,” and new missiles that can reach U.S. bases in Guam and Japan.

“All of those things are incredibly disturbing to us for the future,” Gen. Carlisle said. “And again, … we not only have to be able to defeat those, we have to hold those targets at risk, and that’s where these fifth-generation aircraft come in.”

Washington Times

More:

http://www.washingtontimes.com/news/2011/may/25/inside-the-ring-377211977/

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Unseen for 4,500 years: Pyramid finally reveals its hidden secrets as robot captures images of ancient markings

The last great mystery of the pyramids could be closer to being found thanks to a robot built in Leeds.

Images captured by a new 'micro snake' camera travelling deep within the Great Pyramid of Giza in Egypt reveal small hieroglyphs written in red paint on the floor of a small, hidden chamber.

Egyptologists believe that if deciphered the markings could unlock the secrets of why tunnels, doors and secret chambers were built within pyramids such as this one.

The pyramid is the last of the seven wonders of the ancient world still standing, and is thought to have been built as a tomb for Pharoah Khufu, who ruled in the Fourth Egyptian Dynasty and died in 2566 BC.

Khufu had the Great Pyramid of Giza built as a monumental tomb, inside of which are tomb chambers, ante-rooms, chambers, ventilation shafts and access tunnels.

There are three main chambers: The King's Chamber, the Queen's Chamber and the Grand Gallery.

The King's Chamber has two shafts connected to outside, but two tunnels from the Queen's Chamber deep inside the widest part of the pyramid have two stone doors.

It is not the first time robots have been used within the pyramid to gather evidence about the intricate workings of the structure.

In 1993 a robot discovered a small door set with metal pins, the first time any metal had been found inside the pyramid, igniting speculation that the pins were keys or door handles.

In 2002 a different robot filmed a small chamber blocked by a stone after managing to drill through the first stone block.

The latest robot, built by engineer Rob Richardson from the University of Leeds, has a bendy camera that can see around corners, reports the New Scientist.

The images revealed could be numbers or graffiti which were common in Giza at the time of the pyramid's construction. Egyptologists believe the marks could be the work of stone masons or work gangs, and could denote names, numbers or dates.


Read more: http://www.dailymail.co.uk/sciencetech/article-1390843/Pyramid-finally-reveals-hidden-secrets-robot-captures-images-ancient-markings.html#ixzz1NYzoj0t7

Fukushima melt-down worse than Chernobyl

The situation at the quake-hit Fukushima nuclear power plant in Japan appears to have fit into the worst predicted scenario. Tokyo Electric Power Company (TEPCO), which operates Fukushima, has officially admitted that fuel rods at the Fukushima reactors have partially melted, with a melt-down registered at one of the reactors. Remarkably, the announcement came on Tuesday when IAEA delegations arrived in Japan to inspect the power plant. More from Artyom Ananyan…

IAEA experts arrived in Japan on Tuesday to find out how the plant had been managed before the disaster and what measures were taken by the authorities to do the cleanup.

Fukushima-1 was seriously damaged by the 9.0-magnitude earthquake and tsunami that hit the north-western Japan on the 11th of March. The quake cut off power, while the massive tsunami sent the cooling system at the reactors into crisis. Radiation leaks were registered at the Fukushima, causing evacuations of homes inside the 30-km exclusion zone. Increased levels of radioactive iodine and cesium were found in sea water and in air nearby.

TEPCO promised that the situation would improve within 6-9 months, while radiation levels would drop to normal in three months. However, in late April Japan`s Nuclear Safety Commission raised the nuclear threat level at Fukushima up to the highest seventh level. This level previously only applied to the 1986 Chernobyl disaster. This month TEPCO officials started revealing all data about the crippled Fukushima power plant.

Certainly, in the first hours after the tragedy happened the operators were too shocked to unveil any details to the public. However, things did not get clearer with time. Deputy Director at the Russian Institute for Nuclear Engineering, Chernobyl clean-up worker Igor Ostretsov commented on the situation in an interview with the VOR…

"The Fukushima disaster has proved that nuclear industry should be controlled only by the state and not by private companies. The outcome of this tragedy has turned even worse than it was in Chernobyl. Graphite which was part of the reactor`s core, burnt out and vanished in the atmosphere. But at Fukushima the reactor`s core melted."

Now that TEPCO is going to allow IAEA experts access to all information concerning the disaster, the agency`s commission might decide on what should be done to boost nuclear safety standards not only in Japan but worldwide. IAEA is expected to present its report in June. Meanwhile, nuclear safety will be high on agenda at the G8 summit in Deauville, France, on 26-27 May. According to the Russian presidential aide Arkady Dvorkovich, the G8 leaders won`t come up with a separate declaration on the Fukushima disaster but will discuss the issue in every detail.

Voice of Russia

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U.S. at Risk of Default as Cost to Insure U.S. “Ponzi Scheme” Against Default Rises Sharply

Gold and silver are lower today with profit taking, Chinese bond buying and increased risk appetite being cited for the price falls. Gold is marginally lower in all currencies and is 0.2% lower in U.S. dollar terms despite the dollar coming under selling pressure again this morning. Risky assets have recovered somewhat from recent losses with Asian and European equities and commodities receiving a bid.

Reports of China buying Eurozone government debt may have led to a rise in the euro and equities. However, the scale of sovereign debt risk internationally is such that even significant and ongoing Chinese buying would be unlikely to contain the crisis.

Sovereign debt risks in Europe and internationally continue to threaten the increasingly fragile economic recovery.

While most of the focus has been on Greece and Eurozone sovereign debt issues, the not insignificant risk posed by a U.S. sovereign debt crisis increases by the day. The risk of a US default continues to rise which can be seen in the sharply increased cost to insure U.S. sovereign debt.

Risk of a U.S. default can be seen in the credit default swap (CDS) market. 1 year U.S. CDS has risen from 23 to 37 or by 60% in the last six trading days (see chart below). According to this measure, the U.S. is now more likely to default than Slovenia and Indonesia in the next year.

In the more liquid 5 year U.S. CDS, the cost to insure has risen by some 50% in the last week. The U.S. is considered more likely to default in 5 years time than South Africa, Malaysia, Panama, Brazil and Colombia.

Credit default swaps on U.S. debt saw a flutter of activity in the past week with investors placing 135 trades in U.S. CDS in the week ended May 20, far above previous weeks, when in some cases only one contract trade was seen.

This compares to 360 CDS trades in the week on Spain's sovereign debt, 191 on Greece, 142 on Portugal and 136 on Italy.

Volumes in U.S. CDS have been ticking up, though at about $4 billion they remain significantly lower than the $9 trillion in outstanding U.S. Treasuries.

The squabbling between Democrats and Republicans last week as the U.S. debt ceiling of $14.3 trillion was being reached did not help sentiment towards U.S. debt.

Gold Seek

MORE:

http://news.goldseek.com/GoldSeek/1306414800.phphostgator coupon 2011

China Drought Ignites Global Grain Supply Concerns

A prolonged drought in China could hit grains output in key growing regions, further squeezing global supplies and putting upward pressure on prices, but plentiful domestic wheat stocks will act as a cushion and keep import volumes low.

Analysts are closely watching the weather in China, warning any further supply shocks in the grain markets would fuel a further rally in U.S. corn and wheat futures, already stoked by harsh crop weather in the United States and Europe.

"Parts of China have been too dry and if we did see crop failures in that part of the world they are going to look to the global market for supplies," said Luke Mathews, a commodity strategist with Commonwealth Bank of Australia in Sydney.

"They are going to be looking to North America and Europe and there is significant amount of concern whether those particular countries will be able to satisfy those needs."

Chicago Board of Trade corn has climbed 80 percent since the start of May last year, while wheat has risen around 50 percent. Last week alone corn and wheat jumped more than 10 percent on expectations of a global squeeze in supplies.

CNBC

MORE:

http://www.cnbc.com//id/43188915
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