torrens late: December 2011

Thursday, December 29, 2011

Mitt's Run of Luck Continues (TIME)

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Tuesday, December 27, 2011

Techmeme: LG Announces Ice Cream Sandwich Updates to Begin Q2 2012 (@kevinphandroid / Android Phone Fans) http://t.co/jgH5y2Rk http://t.co/dZrm8OoM

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LG Announces Ice Cream Sandwich Updates to Begin Q2 2012 (@kevinphandroid / Android Phone Fans) j.mp/vTE51d techme.me/CTFF Il y a environ 4 heures via Techmeme Retweeted by 1 person

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Thursday, December 22, 2011

insidethegames: See pics from today's Baku 2020 Olympic bid launch http://t.co/KlUSUBhg #olympics #paralympic #baku #ioc #doha #rome #tokyo #istanbul...

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See pics from today's Baku 2020 Olympic bid launch ow.ly/86D1J #olympics #paralympic #baku #ioc #doha #rome #tokyo #istanbul... Il y a environ 6 heures via HootSuite Retweeted by 4 people

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Sunday, December 18, 2011

US Moves Toward Banning Photoshop In ... - Business Insider

Procter & Gamble has agreed to never again run an ad for its CoverGirl mascara because it used "enhanced post-production" and "photoshopping" to make eyelashes look thicker than they were in real life. P&G agreed to the ban even though it disclosed in the ad that the image was enhanced.

The move is the latest in a series of baby steps that U.S. and international advertising regulators have taken to ban the use of Photoshop in advertising when it is misleading to consumers.

The company's decision was described in a ruling by the National Advertising Division, the U.S. industry watchdog that imposes self-regulation on the advertising business. NAD is part of the Council of Better Business Bureaus. Its rulings are respected and followed by most advertisers because it enjoys a close relationship with the FTC, from which it has historically drawn some of its senior staff. Recalcitrant advertisers who refuse to withdraw or amend misleading ads are referred by the NAD to the FTC, which has the power to fine, sue or bring injunctions against companies.

When asked whether this was a de facto ban on Photoshop, NAD director Andrea Levine told us:

"You can?t use a photograph to demonstrate how a cosmetic will look after it is applied to a woman?s face and then ? in the mice type ? have a disclosure that says ?okay, not really.??

The ad in question was for CoverGirl NatureLuxe Mousse Mascara, which promised ?2X more volume? on women's lashes. After reviewing the ad, P&G agreed to yank it. (A different CoverGirl ad is shown here.) The NAD ruling said:

"? [P&G] advised NAD it has permanently discontinued all of the challenged claims and the photograph in its advertisement. NAD was particularly troubled by the photograph of the model ? which serves clearly to demonstrate (i.e., let consumers see for themselves) the length and volume they can achieve when they apply the advertised mascara to their eyelashes. This picture is accompanied by a disclosure that the model?s eyelashes had been enhanced post production."

In a footnote, the NAD said it was following the lead of its sister body in the U.K., the Advertising Standards Authority, which in July banned cosmetics ads featuring Julia Roberts and Christy Turlington because they used Photoshop. The NAD said:

"Advertising self-regulatory authorities recognize the need to avoid photoshopping in cosmetics advertisements where there is a clear exaggeration of potential product benefits."

"... the picture of Ms. Roberts had been altered using post production techniques (in addition to professional styling, make-up, photography and the product?s inherent covering and smoothing nature which are to be expected), exaggerating what consumers could expect to achieve through product use."

The U.K. ruling found the use of photo retouching misleading per se.

In the U.S., the FTC has has also tightened rules to hold celebrities accountable if they make claims in ads they know cannot be true.

And in France, in 2009, 50 politicians asked for health warnings to be imposed on fashion ads if they showed retouched models' bodies.

Wednesday, December 7, 2011

Exclusive: EU thinks twice about Iran oil ban (Reuters)

NEW DELHI/LONDON (Reuters) ? The European Union is becoming skeptical about slapping sanctions on imports of Iranian oil, diplomats and traders say, as awareness grows that the embargo could damage its own economy without doing much to undercut to Iran's oil revenues.

Oil accounts for 50 percent of Iranian budget revenues, and those arguing for sanctions say they can deprive Tehran of billions of dollars and derail what the West sees as Iran's attempts to build a nuclear bomb.

But diplomats and oil industry insiders say Europe may calculate that even a small rise in oil prices as a result of an introduction of an EU-wide embargo would more than compensate Tehran for any losses from being obliged to re-route displaced supplies to Asia at discounted prices.

"Maybe the aim of sanctions is to help Italy, Spain and Greece to collapse and make the EU a smaller club," one trader joked.

The remark reflects the growing unease that EU sanctions would hit hardest some of the continent's weakest economies, because Iranian oil provides the highest share of their needs, not to mention the rest of the bloc.

"The likely increase in oil prices that would result from a ban would be felt by all (European) oil refiners, not just those that are big customers for Iranian oil," ratings agency Fitch said last week.

An oil industry source in Greece, which mostly relies on Iranian oil, said: "Greece can't be put with its back to the wall."

The threat to Iran's oil exports and fears about a possible military strike on its nuclear facilities have helped keep oil prices above $100 a barrel despite sluggish global growth and a gradual return of Libyan oil supplies.

Iran, the world's fifth-largest oil exporter, has said it cannot rule out a self-imposed oil embargo to punish the West and on Sunday warned that oil prices could spike to $250 a barrel as a result of sanctions.

The United States has long banned Iranian oil imports and is now moving to ban dealings with the central bank of the Islamic Republic.

Supporters of sanctions say an EU ban would not amount to a supply disruption. Iranian oil displaced from Europe would flow to China, displacing existing sources of Chinese oil towards Europe. They say Beijing, as Iran's buyer of last resort, would then have the leverage to drive a hard bargain on prices.

However, calculations by U.S. research firms and traders show the discount could be as small as a couple of percentage points.

Sanctions critics say the regime of Iraqi former dictator Saddam Hussein was able to withstand sanctions for years.

SAUDI CONTINGENCY

"What's going to happen now is talks with the Saudis, Chinese, Koreans and Indians. Although the political will to impose the sanctions are there, they would only be effective if all the above players helped out -- not followed the sanctions but co-ordinated their response," said a Western diplomat.

Saudi Arabia, the only oil nation with spare capacity, faces a tough choice. Shipping more oil to Europe to replace lost Iranian barrels could mean ceding promising Asian markets to Iran, its political foe.

The Saudis have already started assessing the volume of Iranian supplies that go to their own big buyers.

"It is sort of a contingency plan to know to what extent they can fill the gap and minimize the impact on the market," the source familiar with the Saudi strategy said. "The Saudis want to know their options if something happens."

A source close to the Saudi oil industry in Europe also said Riyadh would consider raising supplies if Iranian oil was lost.

Saudi Arabia has already helped to substitute Iranian supplies once this year, when Tehran threatened to halt oil to India due to a payment dispute which followed U.S. pressure on New Delhi to reduce dealings with Iran.

This week, refiners in India, South Korea and Japan indicated they are reluctant to buy more Iranian crude, fearing that payments troubles could resurface again.

"To make sanctions effective, the Europeans would have to go to the Chinese to ask them not to take more oil," said a senior oil executive, who added that he did not expect sanctions to take place at least until the second quarter of 2012, when seasonal demand eases.

EU politicians have said a decision is unlikely before January at the earliest.

However, industry sources say China has repeatedly shown it is ready to absorb any incremental cheap supplies, especially given that Iran has offered no concession to China or any other buyers in negotiations underway for prices for 2012.

"Plants will be very happy to take more," said one source at China's Sinopec, Asia's largest refiner. "It's definitely good news to Chinese plants if that's the case."

(Additional reporting by Florence Tan in Singapore, Meeyoung Cho in Seoul, Osamu Tsukimori in Tokyo, Aizhu Chen in Beijing, Jessica Donati, Christopher Johnson, Zaida Espana, Ikuko Kurahone. Editing Richard Mably and Jane Baird)

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/nm/20111205/bs_nm/us_iran_oil

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