Rivals look beyond London as team GB win more gold

French track team bosses are already looking towards the 2016 Olympic Games in Rio de Janeiro. The only consolation is they are not alone.

On the penultimate day of track cycling at the Olympic velodrome Gregory Bauge found himself in the unfamiliar position of second place on the podium after failing to beat Jason Kenny to the coveted sprint gold.

It gave Britain their fifth gold medal from the seven finals held so far and with three strong riders in the last three races on Tuesday the hosts could make it eight from 10.

While Bauge tried to digest his major loss to a man he had beaten in the final of the last two world championships, his coach Florian Rousseau was gracious in defeat.

"Physically, Greg was in better condition than he was at the world championships. In the end, he was just beaten, that's all," said Rousseau.

"Our objective was to win two gold medals, in the sprint and the team sprint: now we have two silver, which remain Olympic medals but, when you've been world champion four times, it's difficult to swallow.

"But we have to remain dignified. It's an Olympic medal. We just hoped it would be a different colour."

Previously considered unstoppable, Bauge says he will now "think over" whether he will remain in the sport or, as mentioned previously, switch to another track and become a 100m sprinter.

But he was bitter in defeat: "I've dominated my discipline for the past four years, and I wanted gold. I do not train twice a day for this disappointment."

And he carried his frustrations over to the post-race press conference where, to the astonishment of journalists, he took to questioning Kenny.

Kenny added a first individual Olympic title to add to the team sprint titles he has won with Britain in the past two Olympics.

Having been given the nod to represent Britain in the sprint over defending champion Sir Chris Hoy only a month ago, the 24-year-old Englishman took his chance with both hands.

While he worked on his own condition and finishing speed in the lead-up to the Games, Britain's track team did the rest by feeding him information from video evidence on his key rivals.

But the hard work was put in well before Monday.

"We've been working really hard the last six months to bridge that gap and just get faster, really. It's nice to turn up here and see that you've bridged that gap," said Kenny.

When it comes to resources, financial and otherwise, Britain are way ahead of their rivals.

Rousseau, who like Bauge was beaten the last time a Frenchman made the Olympic final -- by American Marty Nothstein, in 2000 -- refused to be drawn on suggestions that Britain are employing illicit methods.

"There are tangible things you can see, like the material they have. But behind that there's also a lot of hard work, discipline, and a lot of money and human resources," added Rousseau.

"Maybe we will never know how they're prepared for these Games. At the end of the day, what they've done is even better than what they achieved four years ago. Yes, it's even better."

Britain will aim for more track gold on Tuesday's final day at the velodrome in the women's omnium, with Laura Trott, and sprint with Victoria Pendleton.

Hoy, meanwhile, could pick up a sixth Olympic gold if he defends his men's keirin title, a feat that would push him past Sir Steve Redgrave's British record of five Olympic golds.

Source: http://news.yahoo.com/kenny-beats-bauge-coveted-sprint-gold-171621363--oly.html

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A guaranteed fix for the budget deficit - The Term ... - Fortune Finance

FORTUNE -- Okay, everyone knows that we've got big federal budget problems. Republicans aren't willing to raise taxes to solve them. Democrats aren't willing to cut benefits to solve the problems without taxes being increased, and maybe not even then.

What to do? In the spirit of the late Jonathan Swift's famous satirical essay, I'd like to offer A Modest Proposal to solve the problem: Get the Federal Reserve and the Treasury to start thinking like Wall Street and save us from our political inability to accomplish anything on the fiscal front.

In true Wall Street style, I'll show you a largely-overlooked source of federal profits, and show you how to exploit it.

What I'm talking about is the little-known fact that the Federal Reserve is immensely profitable, and that its profits have grown rapidly since it began dealing with the world financial crisis that started in mid-2007. A second little known fact is that the Fed sends its surplus profits to the Treasury, which counts them as revenue the same way it counts income tax payments and such.

The Fed is profitable because it creates money (as opposed to borrowing it, as other institutions do) and uses it to buy securities that pay interest at market rates. Pretty slick business model, right? Create money, then put it out at interest.

MORE:?Why Romney won't defend private equity

Because the Fed has vastly expanded its securities portfolio in an attempt to force down interest rates, both its profits and payments to the Treasury have zoomed. It sent $154.7 billion to the Treasury in 2010- 2011, more than $100 billion above the $54.6 billion it sent in 2005-06, the last two pre-crisis years. Its profits through mid-July match those of a year ago, $48.8 billion, so it's on track to post record or near-record income for the third straight year.

So far, profits have been a mere byproduct of the Fed's bailout efforts. Now, in Wall Street fashion, let's make Fed profitability an end in itself.

First, we'll have the Fed maximize its income by buying another $1 trillion or so of mortgage-backed securities, which would add about $25 billion to its annual profits. The Fed could also boost its profits by cutting or eliminating the interest (0.25% a year) that it pays on the cash that commercial and investment banks leave on deposit.

And now, the big payoff. You've got profits soaring, crossing the magic $100 billion mark. Paying that extra money to the Treasury would alleviate some budget pressure, but we're looking for a bigger score.

In a world in which Facebook (FB) was valued at $100 billion (if? only briefly), which was 100 times earnings, we can price a stellar performer like the Fed, which doesn't have to worry about ad revenues, at 200 times earnings. (As long as the Fed doesn't go public on Nasdaq, in which case let's not bother.)

MORE:?Death of Bob Diamond's dream for Barclays

Do the math: that's $20 trillion, enough to more than wipe out the national debt. We could keep control of monetary policy in the hands of the Fed's Open Market Committee by giving it one Golden Share, while selling public investors shares that carry the right to the Fed's surplus profits.

When interest rates begin to rise again, the Fed's profits will begin to fall. As will its stock price. But by then, we'll have solved our budget problems, wiped out the debt, and done it by snookering people who will have bought into a Fed bubble the same way that millions of people bought into the tech-telecom stock bubble and the housing bubble, and will buy into bubbles yet to come.

It's the American way. And the Wall Street way.

Now, for my fee. In return for this idea, I expect a modest, tax-exempt payment of 0.01 of 1% of the Fed's market value. Send it to me c/o Fortune magazine, and I'll invite you to my retirement party, which will take place the day after the check clears.

A FINAL WORD: You realize, I hope, that this column IS A SATIRE, Just as Jonathan Swift's "A Modest Proposal," which I mentioned in the second paragraph, was a satire. Swift wasn't really proposing that poor Irish families sell their children for use as food?but some people thought he was serious.

And in these crazy, contentious days, who knows? If we republished Swift's opus under another name and title, some people might well consider it to be a seminal piece of laissez-faire economic thought.

Source: http://finance.fortune.cnn.com/2012/07/31/budget-deficit-fix-sloan/

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Dropbox Reports User Accounts Were Hijacked, Adds New Security Features

Several weeks ago, reports started to trickle out that a number of Dropbox users were under attack from spam. Since then, Dropbox has been investigating those attacks (with some help from a third-party) and today gave the first update on the progress, saying that some accounts were indeed accessed by hackers, but that it is now adding two-factor authentication and other security features to prevent further problems. For some background: On July 17th, a number of Dropbox users begun noticing an increase in the level spam attacking their accounts. As Sarah reported at the time, the red flag appeared when users begun reporting that the email accounts receiving spam were in fact only tied to their Dropbox accounts, which indicated that the address leak had come from Dropbox itself. Many of those reports came from the company's international users, including Germany, the U.K. and the Netherlands.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/PmlSi8d1vwA/

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Childhood Obesity | Children's Health and Fitness

I got a kick out of this article on childhood obesity?..enjoy.

Recently, I was reading a question on a BLOG that is written and maintained by Ms. Len Saunders, MA. Ms. Saunders is a specialist in Children?s Health, Wellness and Fitness. The question was why do you think that childhood obesity has gotten so out of hand. Since I seem to have an opinion on just about anything and everything I decided to put my two cents worth in. So I wrote what I thought was a sensible answer to the question ( That was my first mistake. Just kidding. )

Not long after I submitted my answer I got an email from Ms. Saunders telling me that she had decided to select my response for publication on her BLOG. The following is what she printed in it?s entirety and unedited:

?As many of my regular viewers to this web blog know, there are many factors contributing to childhood obesity. I post daily here about it, whether news print articles, opinions, feedback, or just personal opinion.

Recently, I wrote an article for Yahoo! about childhood obesity. I started searching for sources for this article, and received over 100 responses to the question, ?What do you think caused the rise in childhood obesity?? Responses came from professional and Olympic athletes, fitness experts, health experts, nutritionist, and parents.

To read the full story?..Click here

Source: http://www.lensaunders.com/wp/?p=2632

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EYES ON LONDON: Quiet celebrations, lost keys

Great Britain's, from right, Phelan Hill, Constantine Louloudis, Matthew Langridge, Greg Searle, Mohamed Sbihi, Richard Egington, Tom Ransley, James Ford, and Alex Partridge wait for the start of a men's rowing eight repechage in Eton Dorney, near Windsor, England, at the 2012 Summer Olympics, Monday, July 30, 2012. (AP Photo/Chris Carlson)

Great Britain's, from right, Phelan Hill, Constantine Louloudis, Matthew Langridge, Greg Searle, Mohamed Sbihi, Richard Egington, Tom Ransley, James Ford, and Alex Partridge wait for the start of a men's rowing eight repechage in Eton Dorney, near Windsor, England, at the 2012 Summer Olympics, Monday, July 30, 2012. (AP Photo/Chris Carlson)

United States' Michael Phelps competes in a men's 200-meter butterfly swimming heat at the Aquatics Centre in the Olympic Park during the 2012 Summer Olympics in London, Monday, July 30, 2012. (AP Photo/Daniel Ochoa De Olza)

Manuel Minginfel off Micronesia competes during the mens 62-kg weightlifting competition at the 2012 Summer Olympics, Monday, July 30, 2012, in London. (AP Photo/Mike Groll)

Muhamad Hasabi of Indonesia competes during the mens 62-kg weightlifting competition at the 2012 Summer Olympics, Monday, July 30, 2012, in London. (AP Photo/Mike Groll)

New Zealand's crew members, right to left, Eve Macfarlane, Fiona Bourke, Louisa Trappitt, and Sarah Gray react after finishing last in a women's rowing quadruple sculls repechage in Eton Dorney, near Windsor, England, at the 2012 Summer Olympics, Monday, July 30, 2012. (AP Photo/Armando Franca)

LONDON (AP) ? Around the 2012 Olympics and its host city with journalists from The Associated Press bringing the flavor and details of the games to you:

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BIRTHDAY BRIGADE

Happy 35th Birthday, Misty May-Treanor. Don't celebrate too much, you've got an Olympic beach volleyball match against the Czech Republic at 11 p.m.

The international governing body tells us that there are six athletes in the beach volleyball competition who will celebrate birthdays during the tournament. Fellow American Jennifer Kessy turns 31 on Tuesday, when she'll play the Netherlands.

Also celebrating birthdays in the sand: Janis Smedins of Latvia (25), Paolo Nicolai of Italy (24), Stefanie Schwaiger of Austria (26) and Louise Bawden of Australia (31).

? Jimmy Golen ? Twitter: http://www.twitter.com/jgolen

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TICKETS, TICKETS, TICKETS

A large portion of Monday's daily Olympic organizing committee briefing was spent discussing one subject: tickets.

London organizers have gone to international federations to reclaim unused tickets, which have become a bit of an embarrassment because of swaths of empty seats at several venues through the first few days.

The reclaimed tickets will be sold daily on Ticketmaster ? but to Britain residents only.

"We've said from the beginning anything available will go to the British public, and that's what we'll continue to do," said London organizing committee Jackie Brock-Doyle. "Clearly the demand is there, and we don't need to worry about them not being sold. We sold 3,000 tickets overnight."

Organizers also had to open a dedicated will-call window in the athletes village because of long lines that apparently caused some parents to miss their children's swimming events on Sunday.

Organizers say that with more than 10,000 athletes to serve and the "enormous demand" for tickets, they are making adjustments as issues arise.

? Jenna Fryer ? Twitter http://twitter.com/jennafryer

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WHERE ARE MY KEYS?

The London Organizing Committee saw no humor in a lost set of keys that required a change of locks at Wembley Stadium.

The set of keys were misplaced before the games began, and Scotland Yard has acknowledged it is to blame.

Asked during Monday's daily briefing what had happened, LOCOG spokeswoman Jackie Brock-Doyle gave few details.

"We changed the locks," was all she offered during he formal portion of the briefing.

Asked for more information, Brock-Doyle was curt. "They got lost. I don't know. The police lost them," she snapped, then rolled her eyes. "The locks were changed. I don't know what more you'd like me to say."

? Jenna Fryer ? Twitter http://twitter.com/jennafryer

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FORESHADOWING OR WISHFUL THINKING?

Volunteers at the O2 Arena are practicing for the medal ceremony for tonight's men's gymnastics team final, and their pick for the gold was ? no surprise ? Britain. The U.S. men were "silver medalists," with Russia getting the "bronze." Who will really go home with the hardware? Tune in in a few hours.

? Nancy Armour ? Twitter: http://twitter.com/nrarmour

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BORIS GOOD ENOUGH?

The early returns are in. Britain's biggest winner from the London Games may not be an athlete, but the city's mop-haired, brilliantly bumbling mayor, Boris Johnson.

Long seen in some Conservative Party quarters as a badly concealed oddball, Johnson's political star is soaring amid the Olympic limelight. His loose-cannon loquaciousness is popping up everywhere as he offers self-deprecating jokes alongside bikini-clad volleyballers and at Queen Elizabeth's side as she tours Olympic venues.

His unique mix of qualities ? simultaneously posh and unpolished, capable of mind-boggling erudition one moment and the most crowd-pleasing barb the next ? seems to be touching a popular nerve.

The right-wing Mail on Sunday is lauding Johnson as the ultimate political exemplar of "a nation unafraid to take risks or laugh at itself." The left-wing Independent sees "the beginnings of a Churchillian stature" in Johnson and credits him with "the size of personality that is waiting for a crisis that will summon him to greatness."

And the Independent even carried a poll Monday among Conservative members identifying Boris as the party's most attractive successor to the incumbent prime minister, David Cameron.

? Shawn Pogatchnik ? Twitter http://twitter.com/ShawnPogatchnik

___

HATS ON

After 200 years, it seemed just about time for a fresh hat for Admiral Nelson, the hero honored in Trafalgar Square.

Nelson's column, one of London's most famous landmarks, received new headgear on Monday, with a snappy bicorn made by the same company that designed hats for the admiral lo those many years ago. Lock & Co, the oldest hatter in London, decorated the hat in a Union flag and adorned it with an Olympic torch.

Nelson led Britain to victory over the combined fleets of France and Spain in the Battle of Trafalgar, but was mortally wounded in the confrontation that secured Britain's naval supremacy in 1805.

One wonders what Nelson would think of this one. Certainly more colorful this time around.

? Danica Kirka ? http://twitter.com/danicakirka

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WRONG NUMBER

Tunisia may have missed out on its first medal at the London Olympics because of bad math. Weightlifter Khalil El-Maoui was in second place of the men's 56-kilogram competition after the snatch but never showed up on the platform for the second lift, the clean and jerk.

Afterward, he blamed his coach for submitting an entry weight that was 10 kilograms too high.

"It was a mistake," El-Maoui says. "I should have started lifting at 148 kilograms but my coach entered 158 kilograms by mistake."

? Karl Ritter ? Twitter: http://twitter.com/karl_ritter

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THOSE EMPTY SEATS?

The London organizing committee spoke Sunday with International Federations about empty seats at venues, and they've reclaimed tickets that do not plan to be used.

Jackie Brock Doyle says about 3,000 tickets were given back to London organizers on Sunday night for Monday's events and promptly sold out. About 600 of those were for Monday's gymnastics session.

Brock Doyle says organizers will continue to reclaim tickets from federations each day to resell to the public.

"Everybody is giving up what they can," she says. "we are trying everything we can to make sure those accredited seats are filled."

? Jenna Fryer ? Twitter http://twitter.com/jennafryer

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NOT SO OAR-SOME

New Zealand's hopes of qualifying for the final of the women's quadruple sculls at the Olympic rowing regatta were dashed when the oar of one of its crew broke with around 400 meters remaining in the repechage race.

The Kiwis were third at the time ? with four boats going through ? when Fiona Bourke was left stranded on Dorney Lake. They finished last, 30 seconds behind winner Australia.

Bourke looked distraught as her boat crawled past the finishing line.

New Zealand was bronze medalist at last year's world championship.

? Steve Douglas ? Twitter http://twitter.com/sdouglas80

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'WITH HANDBALL WE FIGHT'

"We have no army in Iceland, so it's with handball we fight for the recognition." ? Gudmundur Gudmundsson, the coach of Iceland's handball team, after Iceland beat Argentina 31-25 in the Olympic opener on Sunday.

? Barbara Surk ? Twitter http://twitter.com/BarbaraSurkAP

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DJOKOVIC AWAITS

Andy Roddick's tennis match against Slovakia's Martin Klizan was postponed due to rain on Sunday. It may just be prolonging the inevitable.

Roddick and Klizan are scheduled to play on Monday, with the winner getting a date against Novak Djokovic in the next round. Djokovic overcame a 3?-hour rain delay on Sunday to defeat Fabio Fognini of Italy.

It was the Serbian's first match since falling to Roger Federer in the Wimbledon semifinals.

The Olympics are played at Wimbledon as well, which keeps the players away from the hustle and bustle of the athletes' village in London.

"It's really an honor and a privilege to be part of the Olympic Games," Djokovic says, "although we would wish to be part of the Olympic Village and feel that atmosphere beside the best athletes in the world."

? Steven Wine ? Twitter http://twitter.com/Steve_Wine

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PROUD PAPA

Frankie Fredericks has served as chairman of the athlete's commission leading up to the London games. The man who ended Michael Johnson's 21-race winning streak in the 200 meters with a win at the Bislett Games in Norway in 1996 is preparing to give way to German fencer Claudia Bokel.

"It's been a very emotional journey for me," Fredericks says. "I've seen this baby grow over the last seven years and to see what we have today is special."

? Jon Krawczynski ? Twitter http://www.twitter.com/APKrawczynski

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NIGHT SHIFT

Kerri Walsh Jennings and Misty May-Treanor are having to work the night shift in pursuit of a third gold medal. The reigning Olympic champions in beach volleyball hit the sand at Horse Guards Parade at 11 p.m. Monday night to face the Czech team of Kristyna Kolocova and Marketa Slukova.

It's the second straight match to open the Olympics that Walsh and Treanor have played at 11 p.m. It's forced an adjustment in the body clock for Walsh Jennings, who is used to getting up at the crack of dawn with her two children.

"I was worried," Walsh Jennings said after winning her opener against Australia. "At home, it hits 11 and I'm a zombie. But we could play at 4 in the morning, we don't care."

? Janie McCauley ? Twitter http://twitter.com/janiemccAP

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ONE MORE ON COMMUTE

There were few signs of commuting trouble early Monday in Olympic-saturated London, with rail lines operating properly and some highways having lighter traffic than expected. There were some tie-ups, but those are expected on a Monday rush hour. People attending Olympic events mingled easily with commuters on the Overground line to Stratford, though seats filled up more quickly than usual.

? Gregory Katz ? Twitter http://twitter.com/Gregory_P_Katz

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SPRINT, NOT MARATHON

It was more Usain Bolt then Haile Gebrselassie.

Predicted commuting chaos as London attempted to juggle a regular business day and the strain of hosting the Olympics didn't materialize early Monday morning ? at least not along the capital's cycle lanes.

A regular ride from north London to the Houses of Parliament ? a small spike from the Olympic beach volleyball courts ? took a zippy 20 minutes, almost 5 minutes less than during a usual Monday morning.

While a major route that links London to the country's M1 highway had typically thick traffic, many other roads appeared far quieter, with schools closed for summer holidays and many businesses advising staff to work from home.

Along a cycle path in Hyde Park, bicycle commuters negotiated new obstacles ? barriers and bright pink banners put in place for Olympic visitors, but raced along several roads in central London which have been temporarily cleared of car traffic.

? David Stringer - Twitter http://twitter.com/david_stringer

___

EDITOR'S NOTE ? "Eyes on London" shows you the Olympics through the eyes of Associated Press journalists across the 2012 Olympic city and around the world. Follow them on Twitter where available with the handles listed after each item, and get even more AP updates from the games here: http://twitter.com/AP_Sports

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-07-30-OLY-Eyes-on-London-Package/id-6460a82e138b457dbf68d8a06644a3c5

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Ethics investigation could affect key Senate race in Nevada (Powerlineblog)

Share With Friends: | | Politics - Top Stories News, News Feeds and News via Feedzilla.

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Homes For Sale Pleasanton CA Real Estate Weekly Review July 8 ...

?2012 Bay East. ?2012 CCAR. ?2012 EBRD. All rights reserved. Information deemed reliable but not guaranteed. This information is provided from three separate sources: Bay East, CCAR and EBRD. The listings presented here may or may not be listed by the Broker/Agent operating this website. Information last updated on 7/10/12 10:29 PM PDT.

This IDX solution is (c) Diverse Solutions 2012.

Source: http://vickiesellshomes.com/homes-for-sale-pleasanton-ca-real-estate-weekly-review-july-8-2012/

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