McDonald's Canada is at it again, demystifying their french fry recipe "from the farm to all the way to the fryer."
In their new behind-the-scenes video, Scott Gibson, manager of the company's supply chain, takes customer questions on their world-famous fries.
Gibson addresses the first question asking whether or not the potatoes used by the fast food restaurant are real. Standing in the middle of the Levesque farm with farmer Angelo Levesque, the two discuss how the potatoes are harvested and sorted at the farm. Then they are then brought to McCain, the company's fries supplier, to be prepped before heading to stores.
SLIDESHOW: Fast Food Ads vs. Reality: How Do They Size Up?
Mario Dupuis, production manager at McCain, describes how they prepare the fries by washing the potatoes to remove the rocks and the dirt and put them through a "peeling system."
Afterwards, they are cut and blanched "to remove the natural sugars from the strips, this will prevent some variation in the color once we cook the product," said McCain.
Next they are washed in a textural solution to give it the "nice even coat we see in the restaurants," said McCain, adding they also use an ingredient on the strips to prevent the fries from greying or oxidizing. Afterwards, they are then dried and fried for 45 to 60 seconds. Finally, they are frozen, packaged and shipped to stores.
Once in stores, the fries are deep-fried in 100 percent vegetable oil. They are salted with about 1 tablespoon of salt per four orders of medium fries. For those concerned about salt intake, Gibson suggests that customers can order their fries without the salt.
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Earnings from McDonald's, Microsoft sink stocks
Labels: BusinessNEW YORK (AP) -- Poor earnings reports from three companies in the Dow Jones industrial average — Microsoft, General Electric and McDonalds — sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market.
McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon.
"I'm concerned about corporate earnings, but I'm not alarmed yet," said Doug Cote, chief market strategist at ING Investment Management in New York.
Cote cautions that it's still early in reporting season, but what's worrying is that companies have reported an overall drop in earnings so far. "And once you get one quarter of negative earnings, it's a precursor," he said. "It's the cockroach theory: if you find one, there's probably many more."
The Standard & Poor's 500 sank 17 points to 1,440 and the Nasdaq composite dropped 52 points to 3,020. All 10 industry groups in the S&P 500 fell, led by materials and technology stocks.
McDonald's profit sank as a strong dollar hurt international results, which account for two-thirds of its business. The fast-food giant's stock lost $3.51 to $89.35.
Microsoft's income fell 22 percent as PC sales took a dive and as troubles in Europe took their toll. Its stock lost 67 cents to $28.82.
General Electric, another economic bellwether, fell 3 percent. The company reported stronger profits early Friday but its revenue missed Wall Street's expectations. Orders for new equipment and services sank, mainly because wind turbine orders have fallen because a key U.S. federal subsidy for wind power expires at the end of the year.
GE's stock lost 60 cents to $22.21.
Analysts currently expect companies in the S&P 500 to post their worst earnings results since the third quarter of 2009, according to S&P Capital IQ. Banks and consumer discretionary companies are projected to report the best growth. Analysts expect companies dealing in metals and other materials to report the worst results, followed by energy companies.
But it's technology companies like IBM, Intel and Google whose weak results have grabbed the most attention so far.
Weak earnings from Google and a rise in claims for unemployment benefits helped pull the stock market lower Thursday. That snapped a four-day run of gains for the Dow. Google fell again Friday, giving up $14.14 to $680.86.
The Dow is still up 0.6 percent for the week. The S&P 500 up is up 0.8 percent.
In other Friday trading, the yield on the 10-year Treasury note slipped to 1.77 percent from 1.83 percent late Thursday.
Among other stocks making big moves, Chipotle Mexican Grill plunged 14 percent after the burrito chain forecast that revenue growth would slow sharply next year. The stock had been a favorite among investors thanks to super-fast growth in recent years. The stock fell $41.32 to $244.61.
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Who Owns America’s Debt?
Labels: BusinessAs the U.S. continues to rack up more than $1 trillion of new debt every year, Americans are beginning to worry about who we owe this money to and how much power our creditors have over us.
According to Barry P. Bosworth, a senior fellow at the Brookings Institution, our two biggest foreign creditors are Japan and China.
Although it may seem as though our debt to these countries renders us a puppet on strings, Bosworth says this fear is overblown. The U.S. market is very important to China's economy, so China would be loathe to do anything that might exacerbate tensions or disrupt trade between the two countries. And the same can be said for Japan. China owns $1.15 trillion of U.S. government debt -- more than any other country -- but U.S. taxpayers actually owe less money to China compared to recent years. China holds 10% of U.S. Treasuries, down from 12% two years ago.
Related: China's Slow Growth 'Marks An End of an Era' But No Hard Landing
And what about all the anti-China rhetoric that we hear about on the campaign trail?
Republican Presidential Nominee Mitt Romney has been promising the country that he will declare China a "currency manipulator" on the first day of his presidency--and then enact tariffs as necessary until he forces China to level the trading playing field. Is that something that Romney is actually likely to do if he gets elected?
No, says Bosworth.
Tough talk with respect to China has become standard rhetoric for any presidential challenger. If and when Romney becomes president, his position will likely mellow.
Bosworth also says that the problem with the U.S.-China trade relationship is not, as is commonly believed, that China doesn't play fair. China has actually addressed lots of its unfair practices over the past decade, Bosworth says, while the U.S. is still pursuing the same old self-destructive habits. Until we stop consuming so much and start producing more, Bosworth says, we're in no position to demand anything.
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Google filing error shocks investors, exposes process
Labels: BusinessSAN FRANCISCO/NEW YORK (Reuters) - R.R. Donnelley & Sons Co handles thousands of securities filings a year for corporate clients in a routine process that is invisible to most investors. On Thursday Google and its shareholders found out just what happens when that process goes wrong.
Google issued a statement blaming Donnelley, its filing agent, after the Internet search company's quarterly results were released by the U.S. Securities and Exchange Commission hours ahead of schedule.
Earnings were far less than analysts expected and Google shares immediately plunged as much as 10.5 percent, knocking $26 billion off its market capitalization - the equivalent, as it happens, of about 13 R.R. Donnelleys.
It was quickly obvious that a mistake had been made -- the second paragraph of the filing said "PENDING LARRY QUOTE" instead of an actual quote from Google CEO Larry Page -- but it was not clear why.
Within minutes, though, an unknown prankster set up a "PendingLarry" Twitter feed to hypothesize what the missing quote might be. Among the highlights: "Man, our privacy was WAY violated today."
Donnelley shares lost more than 5 percent after Google started pointing the finger, though they recovered later in the day. The company did not respond to a call for comment, but issued a statement to CNBC in which it said it was investigating the circumstances of the release.
Best known as a provider of printing services, Donnelley is also the top SEC filing agent in the country, handling more than 75,000 submissions this year as of mid-October, according to SECInfo.com.
Filing agents like Donnelley take paper documents and convert them for submission to the SEC in the appropriate format. The company also owns the filing portal EDGAR Online.
WHO GOOFED?
It is far from the first time a company's earnings have somehow gotten out early.
In late 2010 and early 2011, inadvertent releases - usually by a misplaced release on a website - plagued companies like Walt Disney Co (NYS:DIS) and Microsoft Corp (NSQ:MSFT).
The common thread in all of those cases is that investors who are not in the right place at the right time to see the news may suffer for it.
"Some who didn't get a chance to sell will try to, and others will be looking for bargains. I'm sure a lot of Google owners were caught off guard," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.
After the first question of "who goofed?" was sorted out Thursday afternoon, the second one being asked by investors was "can we sue?"
"Everyone is trying to figure out if there's any legal issue with respect to R.R. Donnelley. Google is halted, Donnelley is down big-time on the news since they're allegedly not supposed to have released the information," said Michael Matousek, senior trader at U.S. Global Investors in San Antonio.
But one plaintiffs lawyer who sues companies on behalf of investors said shareholders would not have a claim against either Google or R.R. Donnelley because the earnings disclosure was likely a mistake.
"There's no fraudulent intent here," said Reed Kathrein with Hagens Berman.
R.R. Donnelley may not be entirely off the hook with Google, however. The company could have a negligence claim to recover any additional costs it incurred in responding to the incident, Kathrein said.
Any potential damages against R.R. Donnelley could be limited, though, by the contract between the two companies.
Late Thursday, Google filed an amended press release with the missing quote and a confirmation that the figures in the original were accurate.
R.R. Donnelley shares were up 2 cents at $10.87 in late trading. Google was down 8.1 percent to $693.94 after trading resumed.
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US housing construction up 15 percent in September
Labels: BusinessWASHINGTON (AP) -- U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening.
The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. That's an increase of 15 percent from the August level.
Applications for building permits, a good sign of future construction, jumped nearly 12 percent to an annual rate of 894,000, also the highest since July 2008.
[Click here to see home loan rates in your area.]
The strength in September came from both single-family construction, which rose 11 percent, and apartments, which increased 25.1 percent.
Construction activity is now 82.5 percent higher than the recession low hit in April 2009. Activity is still well below the roughly 1.5 million rate that is consistent with healthier markets.
Still, the surge in construction suggests builders believe the housing rebound is durable.
Builder confidence reached at a six-year high this month, according to a survey by the National Association of Home Builders. The group's index of builder sentiment rose to a reading of 41. While that's still below the level of 50 that signals a healthy market, it has steadily climbed over the past year from a reading of 17.
Sales of new and previously owned homes have been slowly improving this year, and home prices are starting to show consistent gains.
Record-low mortgage have encouraged more people to buy. And the Federal Reserve's aggressive policies could push long-term interest rates even lower, making home-buying affordable for the foreseeable future.
Housing is expected to keep improving next year. But many economists say economic growth will stay muted until companies step up hiring and consumers start spending more.
Though new homes represent less than 20 percent of the housing sales market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to data from the home builders group.
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RB Richardson thinks Saban will stay at Alabama
Labels: SportsBEREA, Ohio (AP) — Trent Richardson would be surprised if Nick Saban followed him from Alabama to the Cleveland Browns.
Saban, who will lead the Crimson Tide against Notre Dame in the BCS national championship game in Miami on Jan. 7, has been mentioned as returning to the NFL, perhaps with the Browns if second-year coach Pat Shurmur is fired at season's end.
"I can't see him coming to the NFL," Richardson said Wednesday. "I would be very shocked."
And Richardson knows the coach quite well. After all, he was a standout running back for Saban at Alabama before being selected in the first round by Cleveland in April. Richardson ran for 1,679 yards last season for the Crimson Tide.
"How can you get tired of winning," Richardson asked. "He's got so much going there. He has no reason to leave. He gets what he needs and he treats his program like the NFL (anyway). He makes sure his players are prepared for the game and prepared for the next level when the time comes."
Any exit to the NFL wouldn't be foreign to Saban, who led Alabama to national titles in 2009 and 2011. He left his post at LSU, in fact, to become coach of the Miami Dolphins in 2005. After going 15-17 in two seasons there, he went back to the SEC, this time in Tuscaloosa, Ala.
"I can see him staying at Alabama," Richardson said, "and retiring at Alabama."
Saban, who played and coached at Kent State, has Cleveland roots, as well. He was the Browns defensive coordinator from 1991-94, which has helped to spark the speculation.
"I don't believe it," Richardson said. "Rumors are rumors. I don't buy into it and that's one thing he taught me to do — not buy into rumors."
Richardson is more concerned with playing the playoff-bound Denver Broncos (11-3) on Sunday. The No. 3 overall pick is 46 yards shy of surpassing Hall of Fame standout Jim Brown's 55-year-old team rookie rushing record of 942 yards for the Browns (5-9).
"I'm ready for a big day," Richardson said. "Anytime Jim Brown's name is mentioned, it is big for me. Huge."
Richardson, who missed all of training camp after having minor surgery on his left knee in July, has already set a new franchise rookie mark with 11 rushing touchdowns. Overall, he has 258 carries for 897 yards.
"I'm good to go," he said. "No issues with the knee. None. With the ribs, I am not going to stop playing ball. I am going to keep on going no matter what."
All that said, he did reveal for the first time that he occasionally had trouble breathing in his first few games with the injury. He has adjusted his mindset to ignore the pain. He doesn't anticipate difficulty in Denver's mile-high thin air.
"I've never played there, but I'll be OK," he said. "If I need oxygen, I'll take it and go play."
Shurmur has not considered resting Richardson, either.
"He'll play," he said. "None of us are 100 percent right now. I think that's fair to say at this time of year. Guys are playing through things."
___
NOTES: DB Dmitri Patterson, released by Cleveland on Monday, landed with Miami. Shurmur declined to say why Patterson was cut: "I'm not going to talk about the whys or what-fors there. I will say this though, I'm happy for him that he's going to be able to finish out the year in Miami. That will be great for him." ... TE Jordan Cameron (head) and DL Frostee Rucker (groin) did not practice. ... WR Jordan Norwood practiced for the first time since sustaining a foot injury Oct. 7. He's not on the active roster. ... TE George Bryan was signed to the practice squad. He played at N.C. State (2008-11) and was in camp with Dallas last spring. ... The Browns are 3-0 vs. the AFC West, with the first-place Broncos on deck.
Read More..
Saban, who will lead the Crimson Tide against Notre Dame in the BCS national championship game in Miami on Jan. 7, has been mentioned as returning to the NFL, perhaps with the Browns if second-year coach Pat Shurmur is fired at season's end.
"I can't see him coming to the NFL," Richardson said Wednesday. "I would be very shocked."
And Richardson knows the coach quite well. After all, he was a standout running back for Saban at Alabama before being selected in the first round by Cleveland in April. Richardson ran for 1,679 yards last season for the Crimson Tide.
"How can you get tired of winning," Richardson asked. "He's got so much going there. He has no reason to leave. He gets what he needs and he treats his program like the NFL (anyway). He makes sure his players are prepared for the game and prepared for the next level when the time comes."
Any exit to the NFL wouldn't be foreign to Saban, who led Alabama to national titles in 2009 and 2011. He left his post at LSU, in fact, to become coach of the Miami Dolphins in 2005. After going 15-17 in two seasons there, he went back to the SEC, this time in Tuscaloosa, Ala.
"I can see him staying at Alabama," Richardson said, "and retiring at Alabama."
Saban, who played and coached at Kent State, has Cleveland roots, as well. He was the Browns defensive coordinator from 1991-94, which has helped to spark the speculation.
"I don't believe it," Richardson said. "Rumors are rumors. I don't buy into it and that's one thing he taught me to do — not buy into rumors."
Richardson is more concerned with playing the playoff-bound Denver Broncos (11-3) on Sunday. The No. 3 overall pick is 46 yards shy of surpassing Hall of Fame standout Jim Brown's 55-year-old team rookie rushing record of 942 yards for the Browns (5-9).
"I'm ready for a big day," Richardson said. "Anytime Jim Brown's name is mentioned, it is big for me. Huge."
Richardson, who missed all of training camp after having minor surgery on his left knee in July, has already set a new franchise rookie mark with 11 rushing touchdowns. Overall, he has 258 carries for 897 yards.
"I'm good to go," he said. "No issues with the knee. None. With the ribs, I am not going to stop playing ball. I am going to keep on going no matter what."
All that said, he did reveal for the first time that he occasionally had trouble breathing in his first few games with the injury. He has adjusted his mindset to ignore the pain. He doesn't anticipate difficulty in Denver's mile-high thin air.
"I've never played there, but I'll be OK," he said. "If I need oxygen, I'll take it and go play."
Shurmur has not considered resting Richardson, either.
"He'll play," he said. "None of us are 100 percent right now. I think that's fair to say at this time of year. Guys are playing through things."
___
NOTES: DB Dmitri Patterson, released by Cleveland on Monday, landed with Miami. Shurmur declined to say why Patterson was cut: "I'm not going to talk about the whys or what-fors there. I will say this though, I'm happy for him that he's going to be able to finish out the year in Miami. That will be great for him." ... TE Jordan Cameron (head) and DL Frostee Rucker (groin) did not practice. ... WR Jordan Norwood practiced for the first time since sustaining a foot injury Oct. 7. He's not on the active roster. ... TE George Bryan was signed to the practice squad. He played at N.C. State (2008-11) and was in camp with Dallas last spring. ... The Browns are 3-0 vs. the AFC West, with the first-place Broncos on deck.
Football Week 16 Ticket Deals on Whiztix.com
Labels: SportsWeek 16 is the second to last week of the football season. Whiztix.com has all the best deals to get into the games.
Ardsley, New York (PRWEB) December 20, 2012
While the NFL season winds down, the playoff races are starting to get really interesting. Tickets can still be had for even the best games at decent prices. According to Whiztix.com tickets for games are at surprisingly good prices. To see the Steelers at home in a matchup vs their division rival the Bengals, tickets are currently at $95. Games featuring home teams whom are already eliminated from the playoffs can often be purchased for less than $20, for example to see the Colts play the Chiefs in Kansas City, tickets are currently at $14.
Saturday 12/22/12
Atlanta Falcons At Detroit Lions 8:30 PM Est. at Ford Field in Detroit
Tickets Starting at $29
Sunday 12/23/12
New Orleans Saints At Dallas Cowboys 1:00 PM Est. at Cowboys Stadium in Dallas
Tickets Starting at $130
Tennessee Titans At Green Bay Packers 1:00 PM Est. at Lambeau Field in Green Bay
Tickets Starting at $123
Indianapolis Colts @ Kansas City Chiefs 1:00 PM Est. at Arrowhead Stadium in Kansas City
Tickets Starting at $14
Buffalo Bills @ Miami Dolphins 1:00 PM Est. at Sun Life Stadium in Miami
Tickets Starting at $30
San Diego Chargers @ New York Jets 1:00 PM Est. at MetLife Stadium in East Rutherford
Tickets Starting at $34 - Whiztix expects these tickets to fall significantly in price due to the Jets elimination from the playoffs on Monday Night.
Washington Redskins @ Philadelphia Eagles 1:00 PM Est. at Lincoln Financial Field in Philadelphia
Tickets Starting at $60
Cincinnati Bengals @ Pittsburgh Steelers 1:00 PM Est. at Heinz Field in Pittsburgh
Tickets Starting at $95
St. Louis Rams @ Tampa Bay Buccaneers 1:00 PM Est. at Raymond James Stadium in Tampa Bay
Tickets Starting at $30
Oakland Raiders @ Carolina Panthers 1:00 PM Est. at Bank of America Stadium in Charlotte
Tickets Starting at $33
New England Patriots @ Jacksonville Jaguars 1:00 PM Est. at EverBank Field in Jacksonville
Tickets Starting at $44
Minnesota Vikings @ Houston Texans 1:00 PM Est. at Reliant Stadium in Houston
Tickets Starting at $176
Cleveland Browns @ Denver Broncos 4:05 PM EST at Sports Authority Field at Mile High in Denver
Tickets Starting at $75
Chicago Bears @ Arizona Cardinals 4:25 PM Est. at University of Phoenix Stadium in Phoenix
Tickets Starting at $71
New York Giants @ Baltimore Ravens 4:25 PM Est. at M&T Bank Stadium in Baltimore
Tickets Starting at $143
San Francisco 49ers @ Seattle Seahawks 8:20 PM Est. at CenturyLink Field in San Francisco
Tickets Starting at $212
Adam Taxin
Taxin 376 LLC
9149607261
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Ardsley, New York (PRWEB) December 20, 2012
While the NFL season winds down, the playoff races are starting to get really interesting. Tickets can still be had for even the best games at decent prices. According to Whiztix.com tickets for games are at surprisingly good prices. To see the Steelers at home in a matchup vs their division rival the Bengals, tickets are currently at $95. Games featuring home teams whom are already eliminated from the playoffs can often be purchased for less than $20, for example to see the Colts play the Chiefs in Kansas City, tickets are currently at $14.
Saturday 12/22/12
Atlanta Falcons At Detroit Lions 8:30 PM Est. at Ford Field in Detroit
Tickets Starting at $29
Sunday 12/23/12
New Orleans Saints At Dallas Cowboys 1:00 PM Est. at Cowboys Stadium in Dallas
Tickets Starting at $130
Tennessee Titans At Green Bay Packers 1:00 PM Est. at Lambeau Field in Green Bay
Tickets Starting at $123
Indianapolis Colts @ Kansas City Chiefs 1:00 PM Est. at Arrowhead Stadium in Kansas City
Tickets Starting at $14
Buffalo Bills @ Miami Dolphins 1:00 PM Est. at Sun Life Stadium in Miami
Tickets Starting at $30
San Diego Chargers @ New York Jets 1:00 PM Est. at MetLife Stadium in East Rutherford
Tickets Starting at $34 - Whiztix expects these tickets to fall significantly in price due to the Jets elimination from the playoffs on Monday Night.
Washington Redskins @ Philadelphia Eagles 1:00 PM Est. at Lincoln Financial Field in Philadelphia
Tickets Starting at $60
Cincinnati Bengals @ Pittsburgh Steelers 1:00 PM Est. at Heinz Field in Pittsburgh
Tickets Starting at $95
St. Louis Rams @ Tampa Bay Buccaneers 1:00 PM Est. at Raymond James Stadium in Tampa Bay
Tickets Starting at $30
Oakland Raiders @ Carolina Panthers 1:00 PM Est. at Bank of America Stadium in Charlotte
Tickets Starting at $33
New England Patriots @ Jacksonville Jaguars 1:00 PM Est. at EverBank Field in Jacksonville
Tickets Starting at $44
Minnesota Vikings @ Houston Texans 1:00 PM Est. at Reliant Stadium in Houston
Tickets Starting at $176
Cleveland Browns @ Denver Broncos 4:05 PM EST at Sports Authority Field at Mile High in Denver
Tickets Starting at $75
Chicago Bears @ Arizona Cardinals 4:25 PM Est. at University of Phoenix Stadium in Phoenix
Tickets Starting at $71
New York Giants @ Baltimore Ravens 4:25 PM Est. at M&T Bank Stadium in Baltimore
Tickets Starting at $143
San Francisco 49ers @ Seattle Seahawks 8:20 PM Est. at CenturyLink Field in San Francisco
Tickets Starting at $212
Adam Taxin
Taxin 376 LLC
9149607261
Why more NFL teams should start rookie QBs
Labels: SportsAndrew Luck, Robert Griffin III, and Russell Wilson are on the verge of making playoff history
If the NFL playoffs started today, a record three rookie quarterbacks would be leading their teams into the postseason. With two weeks left to play, Indianapolis' Andrew Luck, Washington's Robert Griffin III, and Seattle's Russell Wilson all have their teams roaring toward unexpected postseason berths.
This is no fluke. It's a reflection of the new approach teams have begun to take with their freshman play-callers.
Teams used to insist that rookie quarterbacks weren't ready to lead a team to victory. When the Cincinnati Bengals selected Carson Palmer with the first overall pick in the 2003 draft, they hailed him as their new franchise player. Yet the following season, Palmer never once left the sidelines. The Bengals benched their prized rookie for the entire year, thinking he would develop faster by first watching a veteran quarterback. This was hardly unusual. Teams had long believed that rookies should be nurtured and eased into the pros. If you threw them right into the deep end, went the conventional wisdom, they would surely sink.
Michael Vick, the first overall pick in 2001, started just two games his rookie year. Eli Manning, Ben Roethlisberger, Phillip Rivers, and Aaron Rodgers — all highly-touted first round picks — began their careers as spectators, too.
In recent years, however, teams have been more adventurous with their new talent. In turn, more and more rookies have proven the old watch-and-learn system wrong.
Baltimore Ravens head coach John Harbaugh surprised everyone by naming rookie Joe Flacco his starting quarterback prior to the 2008 season. Flacco promptly led the Ravens to the AFC championship game, falling one win shy of the Super Bowl. That same year, fellow freshman QB Matt Ryan started every game for the Atlanta Falcons and took his team to the playoffs.
Mark Sanchez followed suit in 2009 with the New York Jets, driving his team to the AFC title game. And last year, Cincinnati's Andy Dalton and Houston's T.J Yates became the first rookie quarterbacks to face each other in a playoff game.
Since the AFL and NFL merged in 1970, just 11 freshman quarterbacks have started a playoff game; six have done so since 2004.
Even QBs whose teams failed to make the postseason have turned in sparkling rookie seasons in recent years. In 2010, Sam Bradford brought the St. Louis Rams, fresh off a one-win season, to the brink of the playoffs. And last year, number one pick Cam Newton obliterated a slew of rookie passing records.
In no season has this new phenomenon been more prominent than the current one. Five rookie quarterbacks started on opening day this year. Never before had more than two rookie quarterbacks done so.
This year's rookies aren't flailing away either. Leading the pack is Griffin, whose 104.2 passer rating — a composite measure of key passing statistics like completions, passing yards, and touchdowns — ranks second in the NFL behind only Rodgers, last year's league MVP. If Griffin keeps up the pace, he would destroy the record for the highest rookie passer rating ever. On top of that, his 6.7 rushing yards per attempt leads the league — not just among quarterbacks, but among all players.
By Total Quarterback Rating — a more nuanced version of passer rating created by ESPN — the big three rookie passers (Luck, Griffin, and Wilson) all rank in the top 11 league-wide. And even lesser-name rookies are enjoying relative success. Ryan Tannehill is turning in a respectable season for the struggling Miami Dolphins. And with Griffin out last week due to injury, rookie teammate Kirk Cousins picked up the win, throwing for 329 yards and two touchdowns.
Perhaps the driving factor behind this surge of rookie success is that college football has transformed in recent years to more closely resemble the pro game. College coaches have placed an increased emphasis on passing, and have adopted more and more NFL-style formations and plays — in some cases, college teams have even developed new tactics later appropriated their pro counterparts. As a result, college passers now enter the league with a built-in knowledge of the playing style, allowing them to more seamlessly transition between the two levels.
Read More..
If the NFL playoffs started today, a record three rookie quarterbacks would be leading their teams into the postseason. With two weeks left to play, Indianapolis' Andrew Luck, Washington's Robert Griffin III, and Seattle's Russell Wilson all have their teams roaring toward unexpected postseason berths.
This is no fluke. It's a reflection of the new approach teams have begun to take with their freshman play-callers.
Teams used to insist that rookie quarterbacks weren't ready to lead a team to victory. When the Cincinnati Bengals selected Carson Palmer with the first overall pick in the 2003 draft, they hailed him as their new franchise player. Yet the following season, Palmer never once left the sidelines. The Bengals benched their prized rookie for the entire year, thinking he would develop faster by first watching a veteran quarterback. This was hardly unusual. Teams had long believed that rookies should be nurtured and eased into the pros. If you threw them right into the deep end, went the conventional wisdom, they would surely sink.
Michael Vick, the first overall pick in 2001, started just two games his rookie year. Eli Manning, Ben Roethlisberger, Phillip Rivers, and Aaron Rodgers — all highly-touted first round picks — began their careers as spectators, too.
In recent years, however, teams have been more adventurous with their new talent. In turn, more and more rookies have proven the old watch-and-learn system wrong.
Baltimore Ravens head coach John Harbaugh surprised everyone by naming rookie Joe Flacco his starting quarterback prior to the 2008 season. Flacco promptly led the Ravens to the AFC championship game, falling one win shy of the Super Bowl. That same year, fellow freshman QB Matt Ryan started every game for the Atlanta Falcons and took his team to the playoffs.
Mark Sanchez followed suit in 2009 with the New York Jets, driving his team to the AFC title game. And last year, Cincinnati's Andy Dalton and Houston's T.J Yates became the first rookie quarterbacks to face each other in a playoff game.
Since the AFL and NFL merged in 1970, just 11 freshman quarterbacks have started a playoff game; six have done so since 2004.
Even QBs whose teams failed to make the postseason have turned in sparkling rookie seasons in recent years. In 2010, Sam Bradford brought the St. Louis Rams, fresh off a one-win season, to the brink of the playoffs. And last year, number one pick Cam Newton obliterated a slew of rookie passing records.
In no season has this new phenomenon been more prominent than the current one. Five rookie quarterbacks started on opening day this year. Never before had more than two rookie quarterbacks done so.
This year's rookies aren't flailing away either. Leading the pack is Griffin, whose 104.2 passer rating — a composite measure of key passing statistics like completions, passing yards, and touchdowns — ranks second in the NFL behind only Rodgers, last year's league MVP. If Griffin keeps up the pace, he would destroy the record for the highest rookie passer rating ever. On top of that, his 6.7 rushing yards per attempt leads the league — not just among quarterbacks, but among all players.
By Total Quarterback Rating — a more nuanced version of passer rating created by ESPN — the big three rookie passers (Luck, Griffin, and Wilson) all rank in the top 11 league-wide. And even lesser-name rookies are enjoying relative success. Ryan Tannehill is turning in a respectable season for the struggling Miami Dolphins. And with Griffin out last week due to injury, rookie teammate Kirk Cousins picked up the win, throwing for 329 yards and two touchdowns.
Perhaps the driving factor behind this surge of rookie success is that college football has transformed in recent years to more closely resemble the pro game. College coaches have placed an increased emphasis on passing, and have adopted more and more NFL-style formations and plays — in some cases, college teams have even developed new tactics later appropriated their pro counterparts. As a result, college passers now enter the league with a built-in knowledge of the playing style, allowing them to more seamlessly transition between the two levels.
Kicking Coach Lee McDonald Has Been Selected to Coach at the National Camp Series (NCS) Super Camp VII Being Held February 16-17, 2013, in Orlando, FL, According to NCS Founder Michael Husted
Labels: SportsNew Jersey Kicking Coach Lee McDonald, of Special Teams Solutions, has been selected to coach at the National Camp Series (NCS) Super Camp VII being held February 16-17, 2013, in Orlando, FL, according to kicking coach Michael Husted.
San Diego, CA (PRWEB) December 20, 2012
New Jersey Kicking Coach, of Special Teams Solutions, has been selected to coach at the National Camp Series (NCS) Super Camp VII being held February 16-17, 2013, in Orlando, FL, a two day kicking camp which will feature some of the country’s best high school kickers, punters and snappers.
McDonald says he is looking forward to being at the NCS Super Camp again this year.
"The Super Camp is the ultimate experience for high school specialists looking to compete at the highest level,” says McDonald. “The best of the best specialty coaches provide unmatched instruction while aspiring college kickers, punters and snappers from across the country put their skills to the test on the nation's only standardized, objective platform. It's all about learning to perform when the lights are on!"
McDonald has both a strong coaching and playing background as a kicker. He signed a full scholarship to Rutgers University from where he earned a B.A. and M.Ed. The former Scarlet Knight is known for his 1999 game winning overtime field goal that upset the Syracuse Orangemen 24-21.
McDonald also garnered Special Teams Player of the Week honors twice during his career and was twice named to the Big East Conference Academic Team. McDonald then kicked for the Buffalo Destroyers of the Arena Football League and the Norfolk Nighthawks where he set several Arena 2 football kicking records including most field goals in one game (6) that earned him AF2 Player of the Week honors.
Michael Husted, who founded NCS after kicking in the NFL for 9 years, is now a kicking coach in San Diego, CA. He says Super VII is about great coaches, great instructions and great evaluations and he is looking forward to having McDonald coaching at Super Camp VII.
"All of our NCS coaches are eager to get down to Orlando in February to help teach as well as evaluate the top kickers, punters and long snappers from all across the country and outside the US,” says Husted. "This is the only camp where high school specialists will have a chance to work with some of the best kicking coaches in the world."
"The quality of instructors for our Super Camp is outstanding and continues to grow every year,” says Husted. “The NCS Network is committed to helping young athletes learn proper technique as well as to help them navigate through the recruiting process so that they can leverage their sport to get a college education.”
Husted says that by utilizing its Kicking IndeX (KIX) Player Rating System, NCS provides an objective evaluation platform for student-athletes who want to showcase their capabilities to colleges and universities for recruiting purposes.
By sorting through over six years of historical event data, the KIX system determines a kicker’s rankings by cross-referencing player data to determine how the athletes stack up against others, both presently and historically.
"The NCS levels the playing field for those who don't want to get caught up in all of the 'politics' that occurs in the kicking industry,” says Husted. “If you can kick, punt or snap, the NCS KIX system will let a young kicking specialist’s skills speak for themselves. No excuses. No explanations."
Go here for more about Super Camp VII.
Go here for more about Lee McDonald and Special Teams Solutions.
Go here for more about kicking coach Michael Husted.
Michael Husted
National Camp Series
888.702.0682
Read More..
San Diego, CA (PRWEB) December 20, 2012
New Jersey Kicking Coach, of Special Teams Solutions, has been selected to coach at the National Camp Series (NCS) Super Camp VII being held February 16-17, 2013, in Orlando, FL, a two day kicking camp which will feature some of the country’s best high school kickers, punters and snappers.
McDonald says he is looking forward to being at the NCS Super Camp again this year.
"The Super Camp is the ultimate experience for high school specialists looking to compete at the highest level,” says McDonald. “The best of the best specialty coaches provide unmatched instruction while aspiring college kickers, punters and snappers from across the country put their skills to the test on the nation's only standardized, objective platform. It's all about learning to perform when the lights are on!"
McDonald has both a strong coaching and playing background as a kicker. He signed a full scholarship to Rutgers University from where he earned a B.A. and M.Ed. The former Scarlet Knight is known for his 1999 game winning overtime field goal that upset the Syracuse Orangemen 24-21.
McDonald also garnered Special Teams Player of the Week honors twice during his career and was twice named to the Big East Conference Academic Team. McDonald then kicked for the Buffalo Destroyers of the Arena Football League and the Norfolk Nighthawks where he set several Arena 2 football kicking records including most field goals in one game (6) that earned him AF2 Player of the Week honors.
Michael Husted, who founded NCS after kicking in the NFL for 9 years, is now a kicking coach in San Diego, CA. He says Super VII is about great coaches, great instructions and great evaluations and he is looking forward to having McDonald coaching at Super Camp VII.
"All of our NCS coaches are eager to get down to Orlando in February to help teach as well as evaluate the top kickers, punters and long snappers from all across the country and outside the US,” says Husted. "This is the only camp where high school specialists will have a chance to work with some of the best kicking coaches in the world."
"The quality of instructors for our Super Camp is outstanding and continues to grow every year,” says Husted. “The NCS Network is committed to helping young athletes learn proper technique as well as to help them navigate through the recruiting process so that they can leverage their sport to get a college education.”
Husted says that by utilizing its Kicking IndeX (KIX) Player Rating System, NCS provides an objective evaluation platform for student-athletes who want to showcase their capabilities to colleges and universities for recruiting purposes.
By sorting through over six years of historical event data, the KIX system determines a kicker’s rankings by cross-referencing player data to determine how the athletes stack up against others, both presently and historically.
"The NCS levels the playing field for those who don't want to get caught up in all of the 'politics' that occurs in the kicking industry,” says Husted. “If you can kick, punt or snap, the NCS KIX system will let a young kicking specialist’s skills speak for themselves. No excuses. No explanations."
Go here for more about Super Camp VII.
Go here for more about Lee McDonald and Special Teams Solutions.
Go here for more about kicking coach Michael Husted.
Michael Husted
National Camp Series
888.702.0682
Kicking Coach Tom Feely Has Been Selected to Coach at the National Camp Series (NCS) Super Camp VII Being Held February 16-17, 2013, in Orlando, FL, According to NCS Founder Michael Husted
Labels: SportsFlorida Kicking Coach Tom Feely, owner of Feely Athletics, has been selected to coach at the National Camp Series (NCS) Super Camp VII being held February 16-17, 2013, in Orlando, FL, according to kicking coach Michael Husted.
San Diego, CA (PRWEB) December 20, 2012
Florida Kicking Coach Tom Feely, owner of Feely Athletics, has been selected to coach at the National Camp Series (NCS) Super Camp VII being held February 16-17, 2013, in Orlando, FL, a two day kicking camp which will feature some of the country’s best high school kickers, punters and snappers.
"It gives me great pride that I have been associated with the National Camp Series since it's genesis in 2006,” says Feely. “I have witnessed this Super Camp event evolve into the Premier event of the kicking world. Working with the great coaches that make up the NCS staff is always rewarding."
Feely began his career teaching and coaching in Minnesota in 1974. After his first two seasons as a varsity high school football coach he already had back to back state championships on his coaching resume.
He has been coaching continuously serving as head coach, offensive coordinator, defensive coordinator, and special teams coordinator. He currently coaches special teams for Armwood High School in Tampa, Florida.
In January of 2007, Tom Feely earned National Board Certification. According to Feely, he is the only Nationally Board Certified Teacher working in the kicking coaching industry.
Michael Husted, who founded NCS after kicking in the NFL for 9 years, and who is now a kicking coach in San Diego, CA, says Super VII is about great coaches, great instructions and great evaluations . He says he is looking forward to having Feely coaching at Super Camp VII.
"All of our NCS coaches are eager to get down to Orlando in February to help teach as well as evaluate the top kickers, punters and long snappers from all across the country and outside the US,” says Husted. "This is the only camp where high school specialists will have a chance to work with some of the best kicking coaches in the world."
"The quality of instructors for our Super Camp is outstanding and continues to grow every year,” says Husted. “The NCS Network is committed to helping young athletes learn proper technique as well as to help them navigate through the recruiting process so that they can leverage their sport to get a college education.”
Husted says that by utilizing its Kicking IndeX (KIX) Player Rating System, NCS provides an objective evaluation platform for student-athletes who want to showcase their capabilities to colleges and universities for recruiting purposes.
By sorting through over six years of historical event data, the KIX system determines a kicker’s rankings by cross-referencing player data to determine how the athletes stack up against others, both presently and historically.
"The NCS levels the playing field for those who don't want to get caught up in all of the 'politics' that occurs in the kicking industry,” says Husted. “If you can kick, punt or snap, the NCS KIX system will let a young kicking specialist’s skills speak for themselves. No excuses. No explanations."
Go here for more about Super Camp VII.
Go here for more about Tom Feely and Feely Athletics.
Go here for more about kicking coach Michael Husted.
Michael Husted
National Camp Series
888.702.0682
Read More..
San Diego, CA (PRWEB) December 20, 2012
Florida Kicking Coach Tom Feely, owner of Feely Athletics, has been selected to coach at the National Camp Series (NCS) Super Camp VII being held February 16-17, 2013, in Orlando, FL, a two day kicking camp which will feature some of the country’s best high school kickers, punters and snappers.
"It gives me great pride that I have been associated with the National Camp Series since it's genesis in 2006,” says Feely. “I have witnessed this Super Camp event evolve into the Premier event of the kicking world. Working with the great coaches that make up the NCS staff is always rewarding."
Feely began his career teaching and coaching in Minnesota in 1974. After his first two seasons as a varsity high school football coach he already had back to back state championships on his coaching resume.
He has been coaching continuously serving as head coach, offensive coordinator, defensive coordinator, and special teams coordinator. He currently coaches special teams for Armwood High School in Tampa, Florida.
In January of 2007, Tom Feely earned National Board Certification. According to Feely, he is the only Nationally Board Certified Teacher working in the kicking coaching industry.
Michael Husted, who founded NCS after kicking in the NFL for 9 years, and who is now a kicking coach in San Diego, CA, says Super VII is about great coaches, great instructions and great evaluations . He says he is looking forward to having Feely coaching at Super Camp VII.
"All of our NCS coaches are eager to get down to Orlando in February to help teach as well as evaluate the top kickers, punters and long snappers from all across the country and outside the US,” says Husted. "This is the only camp where high school specialists will have a chance to work with some of the best kicking coaches in the world."
"The quality of instructors for our Super Camp is outstanding and continues to grow every year,” says Husted. “The NCS Network is committed to helping young athletes learn proper technique as well as to help them navigate through the recruiting process so that they can leverage their sport to get a college education.”
Husted says that by utilizing its Kicking IndeX (KIX) Player Rating System, NCS provides an objective evaluation platform for student-athletes who want to showcase their capabilities to colleges and universities for recruiting purposes.
By sorting through over six years of historical event data, the KIX system determines a kicker’s rankings by cross-referencing player data to determine how the athletes stack up against others, both presently and historically.
"The NCS levels the playing field for those who don't want to get caught up in all of the 'politics' that occurs in the kicking industry,” says Husted. “If you can kick, punt or snap, the NCS KIX system will let a young kicking specialist’s skills speak for themselves. No excuses. No explanations."
Go here for more about Super Camp VII.
Go here for more about Tom Feely and Feely Athletics.
Go here for more about kicking coach Michael Husted.
Michael Husted
National Camp Series
888.702.0682
Earnings from McDonald's, Microsoft sink stocks
Labels: BusinessNEW YORK (AP) -- Poor earnings reports from three companies in the Dow Jones industrial average — Microsoft, General Electric and McDonalds — sent indexes down sharply Friday, marking a sour end to an otherwise strong week in the stock market.
McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon.
"I'm concerned about corporate earnings, but I'm not alarmed yet," said Doug Cote, chief market strategist at ING Investment Management in New York.
Cote cautions that it's still early in reporting season, but what's worrying is that companies have reported an overall drop in earnings so far. "And once you get one quarter of negative earnings, it's a precursor," he said. "It's the cockroach theory: if you find one, there's probably many more."
The Standard & Poor's 500 sank 17 points to 1,440 and the Nasdaq composite dropped 52 points to 3,020. All 10 industry groups in the S&P 500 fell, led by materials and technology stocks.
McDonald's profit sank as a strong dollar hurt international results, which account for two-thirds of its business. The fast-food giant's stock lost $3.51 to $89.35.
Microsoft's income fell 22 percent as PC sales took a dive and as troubles in Europe took their toll. Its stock lost 67 cents to $28.82.
General Electric, another economic bellwether, fell 3 percent. The company reported stronger profits early Friday but its revenue missed Wall Street's expectations. Orders for new equipment and services sank, mainly because wind turbine orders have fallen because a key U.S. federal subsidy for wind power expires at the end of the year.
GE's stock lost 60 cents to $22.21.
Analysts currently expect companies in the S&P 500 to post their worst earnings results since the third quarter of 2009, according to S&P Capital IQ. Banks and consumer discretionary companies are projected to report the best growth. Analysts expect companies dealing in metals and other materials to report the worst results, followed by energy companies.
But it's technology companies like IBM, Intel and Google whose weak results have grabbed the most attention so far.
Weak earnings from Google and a rise in claims for unemployment benefits helped pull the stock market lower Thursday. That snapped a four-day run of gains for the Dow. Google fell again Friday, giving up $14.14 to $680.86.
The Dow is still up 0.6 percent for the week. The S&P 500 up is up 0.8 percent.
In other Friday trading, the yield on the 10-year Treasury note slipped to 1.77 percent from 1.83 percent late Thursday.
Among other stocks making big moves, Chipotle Mexican Grill plunged 14 percent after the burrito chain forecast that revenue growth would slow sharply next year. The stock had been a favorite among investors thanks to super-fast growth in recent years. The stock fell $41.32 to $244.61.
Read More..
McDonald's led a broad drop in the Dow, falling 3 percent. The Dow was down 151 points at 13,397 shortly after noon.
"I'm concerned about corporate earnings, but I'm not alarmed yet," said Doug Cote, chief market strategist at ING Investment Management in New York.
Cote cautions that it's still early in reporting season, but what's worrying is that companies have reported an overall drop in earnings so far. "And once you get one quarter of negative earnings, it's a precursor," he said. "It's the cockroach theory: if you find one, there's probably many more."
The Standard & Poor's 500 sank 17 points to 1,440 and the Nasdaq composite dropped 52 points to 3,020. All 10 industry groups in the S&P 500 fell, led by materials and technology stocks.
McDonald's profit sank as a strong dollar hurt international results, which account for two-thirds of its business. The fast-food giant's stock lost $3.51 to $89.35.
Microsoft's income fell 22 percent as PC sales took a dive and as troubles in Europe took their toll. Its stock lost 67 cents to $28.82.
General Electric, another economic bellwether, fell 3 percent. The company reported stronger profits early Friday but its revenue missed Wall Street's expectations. Orders for new equipment and services sank, mainly because wind turbine orders have fallen because a key U.S. federal subsidy for wind power expires at the end of the year.
GE's stock lost 60 cents to $22.21.
Analysts currently expect companies in the S&P 500 to post their worst earnings results since the third quarter of 2009, according to S&P Capital IQ. Banks and consumer discretionary companies are projected to report the best growth. Analysts expect companies dealing in metals and other materials to report the worst results, followed by energy companies.
But it's technology companies like IBM, Intel and Google whose weak results have grabbed the most attention so far.
Weak earnings from Google and a rise in claims for unemployment benefits helped pull the stock market lower Thursday. That snapped a four-day run of gains for the Dow. Google fell again Friday, giving up $14.14 to $680.86.
The Dow is still up 0.6 percent for the week. The S&P 500 up is up 0.8 percent.
In other Friday trading, the yield on the 10-year Treasury note slipped to 1.77 percent from 1.83 percent late Thursday.
Among other stocks making big moves, Chipotle Mexican Grill plunged 14 percent after the burrito chain forecast that revenue growth would slow sharply next year. The stock had been a favorite among investors thanks to super-fast growth in recent years. The stock fell $41.32 to $244.61.
McDonald's Canada Reveals How They Make Famous Fries
Labels: BusinessMcDonald's Canada is at it again, demystifying their french fry recipe "from the farm to all the way to the fryer."
In their new behind-the-scenes video, Scott Gibson, manager of the company's supply chain, takes customer questions on their world-famous fries.
Gibson addresses the first question asking whether or not the potatoes used by the fast food restaurant are real. Standing in the middle of the Levesque farm with farmer Angelo Levesque, the two discuss how the potatoes are harvested and sorted at the farm. Then they are then brought to McCain, the company's fries supplier, to be prepped before heading to stores.
SLIDESHOW: Fast Food Ads vs. Reality: How Do They Size Up?
Mario Dupuis, production manager at McCain, describes how they prepare the fries by washing the potatoes to remove the rocks and the dirt and put them through a "peeling system."
Afterwards, they are cut and blanched "to remove the natural sugars from the strips, this will prevent some variation in the color once we cook the product," said McCain.
Next they are washed in a textural solution to give it the "nice even coat we see in the restaurants," said McCain, adding they also use an ingredient on the strips to prevent the fries from greying or oxidizing. Afterwards, they are then dried and fried for 45 to 60 seconds. Finally, they are frozen, packaged and shipped to stores.
Once in stores, the fries are deep-fried in 100 percent vegetable oil. They are salted with about 1 tablespoon of salt per four orders of medium fries. For those concerned about salt intake, Gibson suggests that customers can order their fries without the salt.
Read More..
In their new behind-the-scenes video, Scott Gibson, manager of the company's supply chain, takes customer questions on their world-famous fries.
Gibson addresses the first question asking whether or not the potatoes used by the fast food restaurant are real. Standing in the middle of the Levesque farm with farmer Angelo Levesque, the two discuss how the potatoes are harvested and sorted at the farm. Then they are then brought to McCain, the company's fries supplier, to be prepped before heading to stores.
SLIDESHOW: Fast Food Ads vs. Reality: How Do They Size Up?
Mario Dupuis, production manager at McCain, describes how they prepare the fries by washing the potatoes to remove the rocks and the dirt and put them through a "peeling system."
Afterwards, they are cut and blanched "to remove the natural sugars from the strips, this will prevent some variation in the color once we cook the product," said McCain.
Next they are washed in a textural solution to give it the "nice even coat we see in the restaurants," said McCain, adding they also use an ingredient on the strips to prevent the fries from greying or oxidizing. Afterwards, they are then dried and fried for 45 to 60 seconds. Finally, they are frozen, packaged and shipped to stores.
Once in stores, the fries are deep-fried in 100 percent vegetable oil. They are salted with about 1 tablespoon of salt per four orders of medium fries. For those concerned about salt intake, Gibson suggests that customers can order their fries without the salt.
Apple’s New iPad Mini Is Pricey but That Won’t Deter Fans: TechCrunch’s John Biggs
Labels: BusinessIt's officially here: The iPad mini, the subject of endless speculation and rumors over the past year, made its debut Tuesday at the California Theater in San Jose, Calif. The iPad mini starts at $329 and hits store shelves Nov. 2. Pre-sales begin Oct. 26. It boasts a 7.9-inch display, weighs 0.68 pounds and is 7.2mm thick. The design closely resembles the iPod Touch and comes in both black and white.
Related: Get Ready for a Big Week in Tech: Apple & Facebook Earnings, Mini iPad, Windows 8 & More
As is the case with all Apple products, there is an option to pay up for more hardware. Here are the price points:
* $329 for 16GB
* $429 for 32GB
* $529 for 64GB
In mid-November Apple will roll out the Wi-fi and 4G mini for $459 for 16GB, $559 for 32GB, and $659 for 64GB.
The iPad mini screen measures 1,024x768, the same resolution as the iPad 2. It also includes a dual-core A5 processor, a front-facing FaceTime HD camera, Apple's "Lightning" connector and a 5-megapixel back camera. A fully charged iPad mini will get 10 hours of battery life.
Apple (AAPL) stock was trading nearly two percent lower after the iPad mini presentation.
Related: Why Apple's Stock is Dropping
John Biggs, East Coast editor of TechCrunch, says the Apple event lacked the shock and awe of previous product announcements.
"Everybody was expecting an iPad mini and we got an iPad mini," he says in an interview with The Daily Ticker. "To see an iPad mini pop up is no huge surprise."
Biggs says the new mini may be pricey but it would not deter Apple devotees and tech "dorks" from adding to their Apple collections. The smaller screen will attract consumers who use tablet devices for reading -- "it's Apple's e-reader" -- Biggs says, and the new mini is not likely to cut into sales of the larger iPad versions, which still feature bigger screens and a higher resolution display.
The starting price for the iPad mini is $130 more than the Kindle Fire HD and Nexus 7 — Apple's two main competitors in the e-reader space. Most Apple insiders and analysts were expecting a lower entry point for the mini, says CNET's Brian Tong, and consumer sticker shock could drag down sales expectations. The mini's price would have been even higher if Apple made it with a retina display, he adds.
"It will sell well but won't break records," Tong says. "It will sell because it's Apple. Never underestimate the Apple consumer."
Microsoft will unveil its first tablet device, Surface, next week.
Related: Microsoft Launches Its Own Tablet--and Admits Apple Was Right
Biggs says the Surface's size and user-face are more conducive to typing, an important feature for some consumers. The tablet market may be expanding but there's still only one winner, according to Biggs — Apple. "You're getting the premium product," he says.
More from the Daily Ticker:
Apple's iPhone 5: Does it Live Up to the Hype?
The Final Presidential Debate: "Very Little Substance, Lots of Agreement": Ian Bremmer
Housing On the Mend But "Stunning Lack of Talk on the Campaign Trail: Zillow's Humphries
Read More..
Related: Get Ready for a Big Week in Tech: Apple & Facebook Earnings, Mini iPad, Windows 8 & More
As is the case with all Apple products, there is an option to pay up for more hardware. Here are the price points:
* $329 for 16GB
* $429 for 32GB
* $529 for 64GB
In mid-November Apple will roll out the Wi-fi and 4G mini for $459 for 16GB, $559 for 32GB, and $659 for 64GB.
The iPad mini screen measures 1,024x768, the same resolution as the iPad 2. It also includes a dual-core A5 processor, a front-facing FaceTime HD camera, Apple's "Lightning" connector and a 5-megapixel back camera. A fully charged iPad mini will get 10 hours of battery life.
Apple (AAPL) stock was trading nearly two percent lower after the iPad mini presentation.
Related: Why Apple's Stock is Dropping
John Biggs, East Coast editor of TechCrunch, says the Apple event lacked the shock and awe of previous product announcements.
"Everybody was expecting an iPad mini and we got an iPad mini," he says in an interview with The Daily Ticker. "To see an iPad mini pop up is no huge surprise."
Biggs says the new mini may be pricey but it would not deter Apple devotees and tech "dorks" from adding to their Apple collections. The smaller screen will attract consumers who use tablet devices for reading -- "it's Apple's e-reader" -- Biggs says, and the new mini is not likely to cut into sales of the larger iPad versions, which still feature bigger screens and a higher resolution display.
The starting price for the iPad mini is $130 more than the Kindle Fire HD and Nexus 7 — Apple's two main competitors in the e-reader space. Most Apple insiders and analysts were expecting a lower entry point for the mini, says CNET's Brian Tong, and consumer sticker shock could drag down sales expectations. The mini's price would have been even higher if Apple made it with a retina display, he adds.
"It will sell well but won't break records," Tong says. "It will sell because it's Apple. Never underestimate the Apple consumer."
Microsoft will unveil its first tablet device, Surface, next week.
Related: Microsoft Launches Its Own Tablet--and Admits Apple Was Right
Biggs says the Surface's size and user-face are more conducive to typing, an important feature for some consumers. The tablet market may be expanding but there's still only one winner, according to Biggs — Apple. "You're getting the premium product," he says.
More from the Daily Ticker:
Apple's iPhone 5: Does it Live Up to the Hype?
The Final Presidential Debate: "Very Little Substance, Lots of Agreement": Ian Bremmer
Housing On the Mend But "Stunning Lack of Talk on the Campaign Trail: Zillow's Humphries
US economic growth improves to 2 pct. rate in Q3
Labels: BusinessWASHINGTON (AP) -- The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.
Growth improved from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday.
The pickup in growth may help President Barack Obama's message that the economy is improving. Still, growth remains too weak to rapidly boost hiring. And the 1.74 percent rate for 2012 so far trails last year's 1.8 percent growth, a point GOP nominee Mitt Romney will emphasize.
The report is the last snapshot of economic growth before Americans choose a president in 11 days.
The economy improved because consumer spending rose 2 percent in the July-September quarter, up from 1.5 percent in the second quarter. Spending on homebuilding and renovations increased more than 14 percent. And federal government spending expanded sharply on the largest increase in defense spending in more than three years.
Growth was held back by the first drop in exports in more than three years and flat business investment in equipment and software.
The economy was also slowed by the severe drought this summer in the Midwest. That sharply cut agriculture stockpiles and reduced growth by nearly a half-point.
The government's report covers gross domestic product. GDP measures the nation's total output of goods and services — from restaurant meals and haircuts to airplanes, appliances and highways.
The first of three estimates of growth for the July-September quarter sketched a picture that's been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment and corporate anxiety over an unresolved budget crisis and a slowing global economy.
While growth remains modest, the factors supporting the economy have changed. Exports and business investment drove growth for most of the recovery, but are now fading. Meanwhile, consumer spending has ticked up and housing is adding to growth after a six-year slump.
Consumer spending drives nearly 70 percent of economic activity.
Businesses have grown more cautious since spring, in part because customer demand has remained modest and exports have declined as the global economy has slowed.
Many companies worry that their overseas sales could dampen further if recession spreads throughout Europe and growth slows further in China, India and other developing countries. Businesses also fear the tax increases and government spending cuts that will kick in next year if Congress doesn't reach a budget deal.
Since the recovery from the Great Recession began in June 2009, the U.S. economy has grown at the slowest rate of any recovery in the post-World War II period. And economists think growth will remain sluggish at least through the first half of 2013. Some analysts believe the economy will start to pick up in the second half of next year.
Read More..
Growth improved from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday.
The pickup in growth may help President Barack Obama's message that the economy is improving. Still, growth remains too weak to rapidly boost hiring. And the 1.74 percent rate for 2012 so far trails last year's 1.8 percent growth, a point GOP nominee Mitt Romney will emphasize.
The report is the last snapshot of economic growth before Americans choose a president in 11 days.
The economy improved because consumer spending rose 2 percent in the July-September quarter, up from 1.5 percent in the second quarter. Spending on homebuilding and renovations increased more than 14 percent. And federal government spending expanded sharply on the largest increase in defense spending in more than three years.
Growth was held back by the first drop in exports in more than three years and flat business investment in equipment and software.
The economy was also slowed by the severe drought this summer in the Midwest. That sharply cut agriculture stockpiles and reduced growth by nearly a half-point.
The government's report covers gross domestic product. GDP measures the nation's total output of goods and services — from restaurant meals and haircuts to airplanes, appliances and highways.
The first of three estimates of growth for the July-September quarter sketched a picture that's been familiar all year: The economy is growing at a tepid rate, slowed by high unemployment and corporate anxiety over an unresolved budget crisis and a slowing global economy.
While growth remains modest, the factors supporting the economy have changed. Exports and business investment drove growth for most of the recovery, but are now fading. Meanwhile, consumer spending has ticked up and housing is adding to growth after a six-year slump.
Consumer spending drives nearly 70 percent of economic activity.
Businesses have grown more cautious since spring, in part because customer demand has remained modest and exports have declined as the global economy has slowed.
Many companies worry that their overseas sales could dampen further if recession spreads throughout Europe and growth slows further in China, India and other developing countries. Businesses also fear the tax increases and government spending cuts that will kick in next year if Congress doesn't reach a budget deal.
Since the recovery from the Great Recession began in June 2009, the U.S. economy has grown at the slowest rate of any recovery in the post-World War II period. And economists think growth will remain sluggish at least through the first half of 2013. Some analysts believe the economy will start to pick up in the second half of next year.
Disney buying Lucasfilm for $4.05 billion
Labels: BusinessLOS ANGELES (AP) — Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind "Star Wars," from its chairman and founder, George Lucas. It's also making a seventh movie in the "Star Wars" series called "Episode 7," set for release in 2015, with plans to follow it with Episodes 8 and 9 and then one new movie every two or three years.
The Walt Disney Co. announced the blockbuster agreement to make the purchase in cash and stock Tuesday. The deal includes Lucasfilm's prized high-tech production companies, Industrial Light & Magic and Skywalker Sound, as well as rights to the "Indiana Jones" franchise.
Disney CEO Bob Iger said in a statement that the acquisition is a great fit and will help preserve and grow the "Star Wars" franchise.
"The last 'Star Wars' movie release was 2005's 'Revenge of the Sith' — and we believe there's substantial pent-up demand," Iger said.
Kathleen Kennedy, the current co-chairman of Lucasfilm, will become the division's president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new "Star Wars" films.
Lucas said in a statement, "It's now time for me to pass 'Star Wars' on to a new generation of filmmakers."
The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC, all companies that Disney has acquired over the years. A former weatherman who rose through the ranks of ABC, Iger has orchestrated some of the company's biggest acquisitions, including the $7.4 billion purchase of animated movie studio Pixar in 2006 and the $4.2 billion acquisition of comic book giant Marvel in 2009.
Disney shares were not trading with stock markets closed due to the impact of Superstorm Sandy in New York.
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The Walt Disney Co. announced the blockbuster agreement to make the purchase in cash and stock Tuesday. The deal includes Lucasfilm's prized high-tech production companies, Industrial Light & Magic and Skywalker Sound, as well as rights to the "Indiana Jones" franchise.
Disney CEO Bob Iger said in a statement that the acquisition is a great fit and will help preserve and grow the "Star Wars" franchise.
"The last 'Star Wars' movie release was 2005's 'Revenge of the Sith' — and we believe there's substantial pent-up demand," Iger said.
Kathleen Kennedy, the current co-chairman of Lucasfilm, will become the division's president and report to Walt Disney Studios Chairman Alan Horn. Lucas will be creative consultant on new "Star Wars" films.
Lucas said in a statement, "It's now time for me to pass 'Star Wars' on to a new generation of filmmakers."
The deal brings Lucasfilm under the Disney banner with other brands including Pixar, Marvel, ESPN and ABC, all companies that Disney has acquired over the years. A former weatherman who rose through the ranks of ABC, Iger has orchestrated some of the company's biggest acquisitions, including the $7.4 billion purchase of animated movie studio Pixar in 2006 and the $4.2 billion acquisition of comic book giant Marvel in 2009.
Disney shares were not trading with stock markets closed due to the impact of Superstorm Sandy in New York.
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