Is It a Bounce? (talking-points-memo)

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Troika inspectors question part of Greek austerity plan: official

ATHENS (Reuters) - Greece's international lenders have questioned some of the measures included in a near 12 billion-euro ($15 billion) austerity package prepared by the government and have demanded more details before signing off on the plan, a senior Greek official said on Sunday.

The so-called "troika" of inspectors from the European Commission, the European Central Bank and the International Monetary Fund returned to Athens on Friday to conclude a report on Greece's progress in meeting the terms of its latest bailout, which will determine whether it gets further aid.

"They have some objections on some of the measures. They want more details to understand them," the official told reporters after a meeting between the EU/IMF inspectors and Greece's finance minister on Sunday.

The measures will be rejected if those details are not provided, the official said, without specifying what the objections related to. The IMF's mission chief to Greece, Poul Thomsen, told reporters as he left that the two sides had a "good meeting".

The austerity package, which Prime Minister Antonis Samaras has yet to persuade his allies to sign off on, contains a new round of unpopular wage and pension cuts for the next two years.

Thousands of Greeks demonstrated against the cuts at a prominent annual trade fair on Saturday in the northern city of Thessaloniki, and more protests are expected in the coming days.

Samaras was also holding talks with the other two political leaders in his coalition - Socialist leader Evangelos Venizelos and Democratic Left chief Fotis Kouvelis - on Sunday to discuss the cuts. The allies have objected to across-the-board cuts on wages and pensions to shield poorer Greeks from further misery.

Athens argues that it needs two more years to push through the austerity cuts because of a deepening recession, but the country's lenders - exasperated by failed promises to reform - have demanded the country first deliver on its pledges before seeking any concessions.

Greece faces bankruptcy and a potential euro zone exit without the next tranche of aid, an issue that European leaders are expected to decide on next month.

(Reporting by Lefteris Papadimas; Writing by Deepa Babington; Editing by Greg Mahlich)

Source: http://news.yahoo.com/troika-inspectors-part-greek-austerity-plan-official-163327179.html

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Penn State loses heartbreaker, 17-16 at Virginia

CHARLOTTESVILLE, Va. (AP) ? Penn State is still looking for its first win under coach Bill O'Brien. The Nittany Lions may not get more chances than they had against Virginia.

Cavaliers quarterback Michael Rocco hit Jake McGee on a 6-yard touchdown pass with 1:28 to play Saturday, and Penn State kicker Sam Ficken's fourth missed field goal of the game ? from 42 yards at the gun ? preserved Virginia's 17-16 victory.

The loss in O'Brien's first road game had to hurt the Nittany Lions just as much, if not moreso, than their defeat last weekend at home against Ohio. Penn State (0-2) forced four turnovers in Virginia territory, continually giving its offense opportunities, but it converted those chances into just three points.

Virginia's winning drive took 6:36 and covered 86 yards in 12 plays, the biggest blow a 44-yard pass from Rocco to McGee on third-and-16 from the Cavaliers' 22-yard line. Seven plays later, on third-and-goal from the 6, Rocco found McGee open again just inside the end zone, and Drew Jarrett's extra point was the difference.

If not for the Jerry Sandusky sex abuse scandal that led the NCAA to hit Penn State hard with sanctions, including a four-year bowl ban and the chance for its players to transfer without penalty, the Nittany Lions might have won easily. Among the departures: placekicker Anthony Fera, who made 14 of 17 field goals last season. He went to Texas.

But the Nittany Lions still almost overcame the miscues, turning to their old standby of punishing defense. At least until the final drive.

The Nittany Lions couldn't stop Ohio in the second half last weekend, but forced three fumbles and an interception against the Cavaliers, giving them possessions that started at Virginia's 17 twice, its 19 and its 29. Only one of those takeaways, however, a fumble by Phiilip Sims at his 17, turned into points ? a 32-yard field goal by Ficken.

When that kick sailed through and the officials signaled it was good, even empathetic Virginia fans gave a cheer.

It also gave the Nittany Lions a 16-10 lead ? Ficken also had an extra point try blocked ? and then Rocco went to work.

After Virginia scored, Matt McGloin drove Penn State from its 27 to the Cavaliers 22, and even took a knee to center the ball between the hashmarks with one second left, but Ficken's kick sailed wide left just as it started raining, and the crowd erupted in stunned glee.

McGloin, who finished 19 for 35 for 197 yards, left late in the first half and went to the locker room to have an injured elbow attended to, and returned a few plays into the third quarter with Virginia ahead 10-7. His first pass was a 23-yard completion to Alex Kenney on third-and-10 from the Nittany Lions' 25, keeping alive a drive that reached the Virginia 3 before O'Brien sent Ficken out to try from 20 yards. He'd already missed from 40 and 38, and this time, he missed again.

Early in the fourth quarter, McGloin gave Penn State the lead, hitting a diving Allen Robinson for a 30-yard touchdown, again on a third-and-7 play. When Ficken tried the extra point, Virginia linebacker Henry Coley slapped it away.

McGloin also threw a touchdown pass on the Lions' opening drive to Kyle Carter, capping a 17-play, 75-yard drive that signaled that this wasn't just another game for the beleaguered Nittany Lions.

After converting a long third down and then nearly another, O'Brien elected to take a chance on fourth-and-1 from his own 45 yard-line. McGloin got the necessary yard on a quarterback sneak, and four plays later, Michael Zordich ran for three yards on fourth-and-1 from the Virginia 45.

A personal foul penalty against Virginia defensive tackle Jake Snyder for continuing to play after his helmet popped off eventually moved the ball from the 20 to the 10, and on third-and-8, McGloin found Carter wide open.

Virginia started the second half the way Penn State started the game, driving for a touchdown.

Rocco had completions of 26 yards to McGee and 20 yards to Dominique Terrell on the 11-play, 77-yard march, and used a nifty play fake to free Jeremiah Mathis for a 1-yard touchdown reception.

That made it 10-7, and it stayed that way until McGloin's scoring pass to Robinson.

___

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Source: http://news.yahoo.com/penn-state-loses-heartbreaker-17-16-virginia-195612890--spt.html

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NCI Building Back to Profit - Zacks.com

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Zacks Investment Research is one of the most highly regarded firms in the investment industry. The guiding principle behind our work is that there must be a good reason for brokerage firms to spend billions of dollars a year on stock research. Obviously, these investment experts know something special that may be indicative of the future direction of stock prices. From day one, we were determined to unlock that secret knowledge and make it available to our clients to help them improve their investment results.

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Source: http://www.zacks.com/stock/news/82449/nci-building-back-to-profit

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Facebook completes acquisition of Instagram, eyes improved mobile experience

The FTC just completed its investigation into Facebook's acquisition of Instagram late last month, and now the two companies have announced that the billion dollar deal is officially closed. Instagram has also confirmed that its team will be making the move to Facebook's offices, but it assures folks that the "Instagram app and its features will stay the same one you know and love." For its part, Facebook reiterated its statement that it is "committed to building and growing Instagram independently," and that "Instagram will continue to serve its community, and we will help Instagram continue to grow by using Facebook's strong engineering team and infrastructure." It also offers a small hint of things to come by noting that "we also can't wait to work with the talented Instagram team to improve the mobile experience." In other news, Instagram also took the opportunity to announce that it's now crossed the five billion photo mark -- no word on a breakdown by filters, though.

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Facebook completes acquisition of Instagram, eyes improved mobile experience originally appeared on Engadget on Thu, 06 Sep 2012 11:07:00 EDT. Please see our terms for use of feeds.

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Kanye West to Kim Kardashian in 2009: Leave Reggie Bush!

Forget "Theraflu," the April track in which Kanye West confessed his love for Kim Kardashian.

According to TMZ sources, the rapper actually made it clear in 2009 that he had feelings for the reality star, expressing them in the single "Knock You Down." Listen to it here:

Kanye West - "Knock You Down"

Specifically, Kanye is supposedly directing the following lyrics to Kardashian:

"You was always the cheerleader of my dreams/To seem to only date the head of football teams/And I was the class clown that always kept you laughing/We were never meant to be, baby we just happened."

Because Kim was with Reggie Bush at the time, the song adds: You should leave your boyfriend now.

In a recent stop by The View, Kim said she sees her relationship with West as "permanent," meaning a future marriage may actually last 100 days!

Source: http://www.thehollywoodgossip.com/2012/09/kanye-west-to-kim-kardashian-in-2009-leave-reggie-bush/

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