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?This is a tremendous assist for an industry that is inherently international,? said Patricia A. Cooper, president of the Satellite Industry Association, a business group in Washington. ?It will ensure our place at the forefront of space.?
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NEW YORK (Reuters) - Citigroup Inc
The bank is not planning to ask to increase its quarterly dividend, which is currently a penny a share, the newspaper reported, citing people familiar with the company's plans.
Citigroup Chairman Michael O'Neill and newly installed CEO Michael Corbat have told company executives that the capital plan the company submits to the Federal Reserve must be so conservative that it will not be rejected, the Journal said.
Big banks are due to submit their capital plans to the Fed on Monday.
Another bank, JPMorgan Chase & Co
In November, JPMorgan won approval from the Fed to resume previously approved buybacks it had suspended in May after a multibillion-dollar loss surfaced on derivatives transactions in its London office. JPMorgan's operations have generated more than enough capital to cover those losses.
The Journal reported that Morgan Stanley
Citigroup's last annual plan was rejected by the Fed in March after former CEO Vikram Pandit led analysts and investors to believe the company would be allowed to spend a few billion dollars on share buybacks and additional dividends. The rejection became a major embarrassment for the bank and contributed to the board's decision to replace Pandit.
(Reporting by David Henry in New York; Editing by Gary Hill)
Source: http://news.yahoo.com/citigroup-seek-permission-buy-back-shares-wsj-011754478--sector.html
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The seismic activity under the crust of well-established gaming community hasn?t created an earthquake just yet, but our seismographs are clearly showing new activity, and ? sorry Maya guys ? but this is just the beginning of things to come!
Forget PC graphics, what we want is Realtime Pixar and Lucas Films rendering quality graphics
Ok. So for the moment, let?s forget the idea of ?Yeah great, I have up-to-date PC graphics on my vintage machine? (that?s right, a machine only two years old is vintage). Having PC graphics on an old machine, at home, is something very attainable in todays? age. But let?s have a peek in the crystal ball.
The best use of cloud gaming in the future might be for games developed specifically for cloud gaming technology; with graphics of a thousand graphic cards combined ? to create the biggest Scalable Link Interface (SLI*) mode in the world. Supercomputer power with real-time rendering as good as the CGI of LucasFilms (or Disney, if you will).
Of course, this signifies a totally new development model for game designers and for now, quite a risky one at such an early time in this area?s development. But this brings me to ask the question: could this sci-fi hypothesis be one of, if not the next, evolution of cloud gaming, one that could help gamers accept the slight lag in play mode and the frustrations of controlling a character while using this technology?
4G ? the new friend of cloud gaming?
Another area that has seen much development is 4G cloud gaming on the move. With 4G?s reduced ping value and bigger bandwidth (than a standard home DSL connection), some tablets on the market are powerful enough for cloud gaming technology. SFR in France demonstrated this early in December 2012 with the help of their cloud gaming partner G-Cluster. It showed that some games, when played through the cloud were running on 4G Samsung tablets. And they worked well enough to impress the journalists who tried it. Mission accomplished. This Christmas I?ll be asking Santa to please hurry up and bring that capability to us mere mortals.
Cloud based gaming stores are now everywhere
Cloud gaming can now be delivered in different ways through gaming app stores. With the advent of Valve?s Steam, Electronic Arts? Origin and others, the biggest thing to happen this side of the new year was that Valve?s gaming app store in the cloud ? Steam ? reached 6 million concurrent users during thanksgiving. This kind of success has made its competitors think twice. The big change has been achieved on all major gaming platforms; ?it is now possible to buy and download AAA games from A to Z. The PlayStation Vita allows you to buy and download games via their cloud based app store. The latest addition is the Nintendo WiiU, also allowing online purchase and download of their latest releases.
We have no official news about Sony?s plans to use cloud gaming, however, could these developments mean they?re getting closer? ? Sony could launch its cloud gaming platform along with its new PS4 expected next Christmas. If they don?t, the backward compatibility to the PS3 may not be possible due to different hardware, so could Sony not use Gaikai to play old PS3 games? It begs a question.
Only?shadows on this idyllic situation
Onlive, who had been hiding a critical financial situation, was sold last summer, quite cheaply ($4.8 Million), to an investor who created a new company purely for this acquisition. Onlive is also being sued by T5 Labs, a dispute over who invented cloud gaming.
But nothing looks particularly alarming here. All the big names in the tech industry are taking onboard cloud gaming. Of course, like Apple or Samsung, some patent issues will occur and just like any company who is way ahead of their time, they will struggle with money. My worries though, as a user, are very much elsewhere: firstly the problem of latency still exists and that is preventing massive use. Secondly, letting this technology loose in the hands of early adopters. For now anyways?
*SLI stands for Scalable Link? Interface, this was launched by 3DFX back in 1998 and later used by NVIDIA in 2004 and is allowing to connect in a PC together 2 or 4 graphics cards to add together their power and give a lot better looking and smooth graphics for Video games or any realtime rendering application like CAD or 3D designing softwares.
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Tags: 4G, Cloud, Cloud Gaming, Feature
Source: http://www.nttcom.tv/2013/01/03/the-dreams-and-dark-realities-of-cloud-gaming/
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President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
President Barack Obama and Vice President Joe Biden make a statement regarding the passage of the fiscal cliff bill in the Brady Press Briefing Room at the White House in Washington, Tuesday, Jan. 1, 2013. (AP Photo/Charles Dharapak)
As an evening haze lights the sky with a reddish glow, the lights of the U.S. Capitol burn into the night as the House continues to work on the "fiscal cliff" legislation proposed by the Senate, in Washington, on Tuesday, Jan. 1, 2013. (AP Photo/Jacquelyn Martin)
WASHINGTON (AP) ? While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013.
That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. In 2012, that 2-percentage-point cut in the payroll tax was worth about $1,000 to a worker making $50,000 a year.
The Tax Policy Center, a nonpartisan Washington research group, estimates that 77 percent of American households will face higher federal taxes in 2013 under the agreement negotiated between President Barack Obama and Senate Republicans. High-income families will feel the biggest tax increases, but many middle- and low-income families will pay higher taxes too.
Households making between $40,000 and $50,000 will face an average tax increase of $579 in 2013, according to the Tax Policy Center's analysis. Households making between $50,000 and $75,000 will face an average tax increase of $822.
"For most people, it's just the payroll tax," said Roberton Williams, a senior fellow at the Tax Policy Center.
The tax increases could be a lot higher. A huge package of tax cuts first enacted under President George W. Bush was scheduled to expire Tuesday as part of the "fiscal cliff." The Bush-era tax cuts lowered taxes for families at every income level, reduced investment taxes and the estate tax, and enhanced a number of tax credits, including a $1,000-per-child credit.
The package passed Tuesday by the Senate and House extends most the Bush-era tax cuts for individuals making less than $400,000 and married couples making less than $450,000.
Obama said the deal "protects 98 percent of Americans and 97 percent of small business owners from a middle-class tax hike. While neither Democrats nor Republicans got everything they wanted, this agreement is the right thing to do for our country."
The income threshold covers more than 99 percent of all households, exceeding Obama's claim, according to the Tax Policy Center. However, the increase in payroll taxes will hit nearly every wage earner.
Social Security is financed by a 12.4 percent tax on wages up to $113,700, with employers paying half and workers paying the other half. Obama and Congress reduced the share paid by workers from 6.2 percent to 4.2 percent for 2011 and 2012, saving a typical family about $1,000 a year.
Obama pushed hard to enact the payroll tax cut for 2011 and to extend it through 2012. But it was never fully embraced by either party, and this time around, there was general agreement to let it expire.
The new tax package would increase the income tax rate from 35 percent to 39.6 percent on income above $400,000 for individuals and $450,000 for married couples. Investment taxes would increase for people who fall in the new top tax bracket.
High-income families will also pay higher taxes this year as part of Obama's 2010 health care law. As part of that law, a new 3.8 percent tax is being imposed on investment income for individuals making more than $200,000 a year and couples making more than $250,000.
Together, the new tax package and Obama's health care law will produce significant tax increases for many high-income families.
For 2013, households making between $500,000 and $1 million would get an average tax increase of $14,812, according to the Tax Policy Center analysis. Households making more than $1 million would get an average tax increase of $170,341.
"If you're rich, you're almost certain to get a big tax increase," Williams said.
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