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Disaster-Relief
Funds Taken From
Auto Technology
Loan Program
Some Democratic
members of
Congress are
howling after
the House
Appropriations
Committee this
week voted to
prop up
disaster-relief
funds during a
tumultuous
spring storm
season
with money set
aside -- but
unspent -- for
new automobile
technology.
On Tuesday, the
House committee
voted for
legislation that
adds an extra $1
billion to the
$2.65 billion
authorized by
the underlying
legislation to
fund the Federal
Emergency
Management
Agency's
disaster-relief
fund.
To offset that
$1 billion, the
committee cut
$1.5 billion
from the
Department of
Energy's
Advanced
Technology
Vehicle
Manufacturing
Loan program,
prompting
critics --
especially in
Michigan -- to
complain that
the loan program
is needed to
produce the cars
and trucks of
the future.
"There's no
question we need
to provide
disaster relief
to
tornado-ravaged
communities, but
attaching major
cuts to
initiatives
proven to create
thousands of
jobs doesn't
make any sense,"
said U.S. Sen.
Debbie Stabenow,
D-Mich.
Established in
2007, the
program provides
what have become
known as Section
136 loans -- so
called for the
section of the
legislation that
contained the
loan program.
The program was
bolstered by a
$7.5-billion
infusion of
money in 2008,
with the belief
that it could
help support a
maximum $25
billion in loans
ultimately.
Ford received a
$6-billion loan
to upgrade
factories in
several states,
adding new
technology to
raise fuel
efficiency.
Nissan North
American
received a
$1.4-billion
loan to retool
its plant in
Smyrna, Tenn.,
to make
all-electric
automobiles and
build an
advanced
manufacturing
facility.
But only a
handful of
projects are
listed among the
Section 136
loans granted on
the Department
of Energy's Web
site, and the
House
Appropriations
Committee called
it, in a news
release Tuesday,
"underperforming."
According to
committee staff,
the program has
$4.2 billion in
unspent funding
-- all left over
from the 2008
authorization --
which is much
more than it
would take to
provide loans to
all the current
applicants.
"Even if the
Department of
Energy would
grant all of the
loans for all
the dollars
these entities
have applied
for, there would
still be over $2
billion left,"
said Jennifer
Hing, a
committee
spokeswoman.
Chrysler has
been waiting for
news on a
pending loan
application, but
it declined to
comment on the
committee's
vote. Chrysler
and Fiat CEO
Sergio
Marchionne has
said the Auburn
Hills automaker
expects its
application to
move forward
after the
company paid off
its debts to the
U.S. government. |
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Ashoka's
Youth Venture &
Best Buy
Announce Winners
of Technology
for a Better
World Campaign
Ashoka's Youth
Venture, a
global
organization
supporting youth
social
entrepreneurs,
and Best Buy
Co., Inc.
announced today
the five winners
of the
Technology for a
Better World
Campaign. They
will be
recognized at
the prestigious
Jefferson Awards
in Washington
D.C. for their
innovative
contributions to
public and
community
service and will
spend a day at
Ashoka's
headquarters
learning how to
further expand
their local
ventures.
The five winners
of the campaign
are:
InvenTech
Enterprises-Griffin
Latulippe, 17,
Wethersfield,
CT. InvenTech
Enterprises is a
social purpose
business founded
by 10 high
school students
inspired, in
part, by
Griffin's
experience with
muscular
dystrophy. The
team creates
assistive
technology
devices for
people with
disabilities,
filling an
important gap
often missed by
large medical
devise firms due
to the small
market niche and
low profit
potential. The
team has been
recognized
nationally by
the Junior
Engineering
Technical
Society for
their wheelchair
storage solution
and adjustable
walker. Griffin
is committed to
building a
future where all
people,
including those
with
disabilities,
have the
independence and
ability to
contribute to a
changing world.
Jamii
Capital-Joyce
Yan, 16,
Cupertino, CA.
Dynamic duo
Joyce and
Crystal Yan have
set their sights
on developing
data analysis
mobile
application
tools to support
aid agencies in
gathering
valuable
feedback from
communities.
Dismayed that so
little progress
has been made in
transforming
developing
countries, the
sisters are
committed to
tapping into
their vast and
varied
experiences
including
winning a mobile
application
development
pitch
competition,
co-founding the
Social Startup
Summit for high
school students,
serving on a
team that led
6000 students to
raise over
$160,000 for
water filters,
and co-producing
What's Next: 25
Big Ideas from
Gen-Yers Under
25, a
collaborative
book project on
the power of
youth.
Oink-A-Saurus-Fabian
Fernandez-Han,
13, Conroe, TX.
The Great
Recession and
housing crisis
deepened
Fabian's
understanding of
the importance
of financial
literacy and
compelled him to
take action to
educate his
peers. An avid
saver and
investor with a
14 percent
return during
the recession,
he makes finance
fun and
accessible for
youth through
technology.
Oink-A-Saurus is
an iPhone/iPad/iPod
application and
interactive
website, where
students learn
investing by
building a 'porkfolio,'
and setting
financial goals
through 'piggy
banks." Fabian
was recognized
by the New York
Stock Exchange's
Financial Future
Challenge for
his innovative
work.
GreenShields-Jonny
Cohen, 15,
Highland Park,
IL. Alarmed by
the low gas
mileage of
school buses,
Jonny began
developing
GreenShields, a
polycarbonate
shield that
attaches to the
front of school
buses to make
them more
aerodynamic.
Although he is
in 10th grade,
Jonny spends
most of his time
designing and
testing
prototypes with
the help of his
interns from
Northwestern
University
Engineering
department and
early tests show
significant gas
savings. The
team won the
Illinois
Governor's Green
Youth Award and
received a
donated school
bus from
Cook-Illinois
Bus Company so
the team could
conduct ongoing
tests of
GreenShields.
TEDxHomer Teens-McKenzy
Haber, 14,
Homer, AK.
McKenzy and his
team of youth
are passionate
about wild
places, animals,
food justices,
conversation and
sustainability
and have won
many awards for
their efforts.
However, these
young
changemakers
wanted a way to
connect globally
with other young
environmentalists
and policy
leaders to
broaden their
impact and
exchange ideas.
The team took
advantage of
technology and
new online
platforms to
organize a TEDx
event for 140
Alaskans and
streamed to
1,800 people
globally on the
topic of
environmental
sustainability.
The experience
was
transformative
for the youth
involved and
they've
committed to
supporting more
teens in using
the TEDx format
to share their
ideas and bring
about positive
social change.
"These teams
exemplify that
youth view
technology not
only as a means
of
entertainment,
but as a tool
that can be
harnessed for a
wide-reaching,
positive impact
on their
communities and
even on the
world" said
Gretchen Zucker,
Executive
Director of
Youth Venture.
"Hopefully the
work these young
changemakers are
doing will
inspire other
youth to tackle
social problems
in their own
communities."
This nation-wide
campaign drew
entries
nationwide via
Facebook and a
network of
partners
including the
Jefferson Awards
and Engineering
for Change
(E4C). The
youth-led teams
were judged
based on their
impact on a
well-defined
social issue and
on the
innovative use
of technology,
among other
criteria.
Ashoka's Youth
Venture invited
an influential
panel of judges
that included
Christine
Webster Moore,
Vice President,
Strategy and
Networking New
Business
Customer
Solutions Group,
Best Buy; Lisa
H.
Neuberger-Fernandez,
Director of
Corporate
Citizenship
Programs,
Accenture;
Alexander Lin,
Youth Venturer,
Project TGIF -
Turn Grease Into
Fuel; Jane Kim,
Senior Manager,
SuccessFactors
Foundation; Mike
McKay, Software
Programmer for
International
Development, RTI
International;
and Phil
Shapiro,
Educator and
Technology
Access Activist.
The Technology
for a Better
World campaign
is supported by
Best Buy's
Children's
Foundation and
also includes
opportunities
for up to fifty
teams of young
people age 13 to
18 to tackle
social issues
with support
from advisors,
access to seed
funding and
fundraising
tools, and
opportunities to
learn from Youth
Venture's
network of
partners and
over 4,000
Venture Teams
worldwide.
"Best Buy would
like to
congratulate the
winners of the
Technology for a
Better World
campaign," said
Susan Bass
Roberts,
director,
Community
Relations for
Best Buy. "We
are proud to
support these
young people in
partnership with
Youth Venture
and applaud
their efforts to
make a
difference in
their
communities
through their
innovative use
of technology."
About Ashoka
Founded in 1980,
Ashoka is the
world's working
community of
more than 2,500
leading social
entrepreneurs.
It champions the
most important
new social
change ideas and
supports the
entrepreneurs
behind them by
helping them get
started, grow,
succeed, and
collaborate. As
the rate of
change in the
world continues
to escalate
exponentially,
social
entrepreneurs
and Ashoka must
play a special
role in helping
the world evolve
new systems
designed to
serve the good
of all. Central
to that change
is the necessity
for everyone to
be able to
contribute to
change. Ashoka,
its inner circle
of leading
social
entrepreneurs
across the
globe, and its
other partners
ranging from
highly
successful
business
entrepreneurs to
Youth Venturers
are all
contributors -
individually and
collectively -
to helping the
world make the
transition to
its "everyone a
changemaker(TM)"
future. For more
information,
visit
www.ashoka.org. |
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As Ice Melts
and Technology
Improves,
Interest in
Arctic Grows
By Jarondakie
Patrick and
Erika Bolstad
As declining sea
ice and better
mapping and
technology make
the Arctic more
accessible,
nations with
interests there
- including the
United States -
are beginning to
stake their
claims
on the
resource-rich
region.
Russia planted a
flag on the
seafloor below
the North Pole
in 2007. Denmark
announced this
week that it
would ask the
United Nations
to recognize the
North Pole as an
extension of
Greenland, its
territory. The
U.S. sent the
secretary of
state to a
meeting of eight
Arctic nations
earlier this
month for the
first time, a
sign that
Americans also
have their eye
on the region's
potential
resources.
"This region
matters greatly
to us,"
Secretary of
State Hillary
Clinton said
after the
conference in
Nuuk, Greenland.
The U.S. is
committed to the
Arctic Council's
mission as well
as the
challenges the
Arctic faces,
Clinton said,
including
possible
resource
development.
Although
numerous
logistical
challenges to
oil and gas
exploration in
the region
remain, the U.S.
Geological
Survey estimates
that as much as
a third of the
world's
undiscovered gas
and 13 percent
of its
undiscovered oil
may be in the
offshore Arctic,
in relatively
shallow water.
"The melting of
sea ice, for
example, will
result in more
shipping,
fishing and
tourism, and the
possibility to
develop newly
accessible oil
and gas
reserves,"
Clinton said.
"We seek to
pursue these
opportunities in
a smart,
sustainable way
that preserves
the Arctic
environment and
ecosystem."
The U.S. has
been slow to
recognize not
just the
importance of
the Arctic but
also the
implications of
the melting ice
and what it
means for
commercial and
economic
interests, said
John Bellinger
III, who was a
senior adviser
to Condoleezza
Rice when she
was the
secretary of
state in the
George W. Bush
administration.
Other nations
have been far
more focused on
the region while
the U.S. has
been distracted
by other events.
"Secretary
Clinton
attending a
summit of Arctic
Council members
at a time when
so many other
things are going
on in the world
does demonstrate
that the U.S.
understands the
importance of
the Arctic,"
Bellinger said.
Clinton took
with her to
Greenland
Interior
Secretary Ken
Salazar and Sen.
Lisa Murkowski,
R-Alaska, who's
long worked to
remind other
officeholders
that the U.S. is
an Arctic nation
and its foreign
policy should
reflect that.
Murkowski's
presence was
also the first
time that anyone
from Congress
had attended
such a
gathering.
"It's been
frustrating
getting anyone's
attention on
Arctic issues,
but Hillary
Clinton is one
who I could
engage on this
topic,"
Murkowski said.
Murkowski said
she first got
Clinton's
attention on
Arctic matters
long before the
former first
lady was the
secretary of
state. Several
senators,
including
Clinton, visited
Alaska one
summer a few
years ago, and
Murkowski and
her husband
hosted them at a
salmon barbecue.
It was obvious
that Clinton's
trip to some of
Alaska's Arctic
regions had
inspired her,
Murkowski said.
Clinton got it,
Murkowski said,
including the
region's
strategic
importance to
the U.S. Since
then, the two
women have had
regular policy
discussions
about the
region.
In Greenland,
the eight
countries - the
United States,
Russia, Canada,
Denmark, Norway,
Iceland, Sweden
and Finland -
signed several
accords,
including a pact
to cooperate on
search and
rescue missions
in a region that
has minimal
resources for
such
expeditions. The
agreement is
recognition that
more people will
be in the area,
whether they're
on cruise ships,
cargo planes or
oil rigs.
They also laid
the groundwork
for a
multi-nation
task force to
address oil and
gas development
in the Arctic.
Since last
year's oil spill
in the Gulf of
Mexico, many
nations have
re-evaluated the
safety of
offshore
drilling, and
the U.S. is
considering how
to proceed in
the Arctic Ocean
off Alaska's
northern coast.
Environmental
groups such as
Oceana have been
keeping close
tabs on
potential oil
and gas
development in
the region, and
they think it's
crucial for the
U.S. to take the
lead in Arctic
matters. The
Arctic is
changing rapidly
and is more
sensitive to the
impacts of
climate change
than other
regions are,
said Chris Krenz,
the lead Arctic
project manager
for Oceana's
office in
Juneau, Alaska.
"The Arctic is a
very spectacular
place," Krenz
said. "It really
captures the
imagination of
people."
Many of those
who attended the
council meeting,
including
Clinton, called
for the U.S. to
ratify the Law
of the Sea
treaty. The
treaty, which
governs
worldwide
navigation
rights and
resources such
as fisheries,
also provides a
framework for
settling
territorial
claims in the
Arctic. Although
the United
States
participated in
the negotiations
that resulted in
the treaty,
conservatives,
led by Sen.
James Inhofe, R-Okla.,
have blocked
Senate
ratification
since 1994.
The U.S. and
Canada, which
are cooperating
on research to
develop better
maps of the
Arctic, have
their own
disputes over
boundaries,
Murkowski said.
And there are
differences
between the
countries about
navigational
access through
the Northwest
Passage, the sea
route through
the Arctic Ocean
along the
northern coast
of North
America.
Even non-Arctic
nations have an
eye on the
potentially
resource-rich
prize. Some
non-Arctic
nations - such
as China - have
been exploring
the region. No
one is quite
certain what the
Chinese want,
Murkowski said.
"That concerns
me," she said.
"If we don't
(sign the
treaty) ... we
have no right to
lay claim or to
make a case for
it." |
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Honoring
National Missing
Children's Day
28th Year, Wave
Technology Group
and Child Watch
of North America
launch free
iPhone Photo ID
Card App
Wave Technology
Group and Child
Watch of North
America are
proud to launch
a free iPhone
mobile
application
today, on
National Missing
Children's Day.
Mayday is a must
have family
safety
application for
the iPhone to
assist you in
the unfortunate
event your loved
one goes
missing. The
application
provides
functionality to
enhance family
preparedness in
the event a
family member is
displaced.
The Mayday
application is
distributed free
of charge and
has an
electronic
identification
card which is
displayed on
your iPhone
along with
information
about your child
or other family
member which may
be important to
emergency
management
services in the
event they are
engaged. An
additional
feature of the
Mayday
application is
that you may
email the
electronic id
with a simple
touch of a
button and an
email address.
Sam Cinquegrani,
CEO and founder,
Wave Technology
Group states: "I
am very excited
about the
opportunity of
creating an
application that
makes children
safe and
promotes family
safety
preparedness.
Every day more
than 2300 people
including
children go
missing. Our
goal is to
leverage mobile
technology to
make a
difference in
this chronic
problem and
safeguard
families
susceptible to
this unfortunate
situation. We
are already
working on the
Android and
other smartphone
releases of
Mayday."
The Wave
Technology Group
and Child Watch
alliance is a
natural fit.
Statistics show
that once a
child has gone
missing, it is
the first three
hours that are
the most
critical for
successful
rescue. The
National Center
for Missing and
Exploited
Children has
stated that a
current photo is
the single most
important tool
in the rescue of
a missing child.
The combination
of Wave
Technology
Group's
experience
building mobile
technology
applications and
Child Watch of
North America's
experience in
the area of
assisting
parents with
safety
preparedness, it
is our joint
mission to
provide
technology tools
to help families
better engage in
creating family
safety protocols
to ensure the
safety of their
loved ones. With
mobile
technology
making everyone
in the family
more independent
but also
connected, it is
our belief
families
creating a
Mayday Family
Safety Mobile
Plan will
enhance both
guardians and
law enforcements
ability to deal
with missing
children or
persons in an
expedited
fashion.
Don Wood,
Founder, Child
Watch of North
America: "For
over 19 years we
have been
assisting
parents to
protect their
children through
the distribution
of our KIDGUARD
Safety Program
and provided
millions of free
print Photo ID
cards all across
the United
States and to
over 40
countries around
the world. Today
we are very
proud, through
the Mayday
Alliance with
Wave Technology
Group, to offer
the smartphone
generation photo
ID. The staff
and management
at Wave
Technology Group
have really
understood the
importance
behind updating
photo
identification
creation and
provided the
technology and
expertise to
make this a
reality, we
can't thank them
enough. Now
parents can have
an electronic
photo ID on
their iPhone
which provides
more options in
times of
emergencies by
being able to
update
identification
cards with
current photos
instantly or
email to law
enforcement or
caregivers as
well as to a
computer nearby
to print for
posters during a
search. Time is
the most crucial
resource when a
child or person
goes missing.
Parents are
always looking
for ways to
protect their
children. The
free Mayday app
will be an
essential tool
in the search
and rescue
process."
Mayday is for
all family
members as
mishaps or
criminal foul
play does not
discriminate.
Mayday digital
Photo IDs can
assist families
with repeat
runaway
juveniles,
relatives who
suffer memory
loss from
dementia or from
other mental
disorders/illnesses.
About The Mayday
Alliance
Founders:
Wave Technology
Group: "Setting
the motion in
mobile life"
Wave Technology
Group is a
mobile solutions
firm focused on
transforming
life through
technology
innovations.
Wave Technology
Group designs,
develops and
deploys custom
software
solutions and
products for the
mobile user
community. Wave
Technology
inherits its
capabilities
from many years
of experience
building large
complex systems
for the
enterprise. Wave
Technology Group
has developed a
focus in
creating
applications
that change our
lives using the
mobile platform
as an instrument
for change. Wave
Technology Group
is currently
designing and
developing
systems within
the mobile
health arena and
will be
delivering
monitoring
capabilities to
the public,
using mass
technology and
bringing down
costly barriers
to achieve
quality
healthcare for
all.
www.wavetechnologygroup.net
Child Watch of
North America:
Keeping our
children safe
since 1993
Child Watch of
North America is
a non-profit
501(c)(3)
organization
dedicated to the
prevention and
recovery of
missing, abused,
and exploited
children. Since
1993, Child
Watch
Investigators
have assisted in
the recovery of
over 215 missing
children. We
work with local
and national law
enforcement
agencies and
have been
recognized as a
critical
resource in the
recovery effort.
Child Watch has
always believed
that education
is an essential
element in
keeping our
children safe.
Providing
awareness and
safety education
to children,
teens,
pre-teens, and
parents is the
foundation for
our goal to
prevent
abductions and
victimization.
www.childwatch.org
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Geeks vs.
Jocks: How Geeks
are Winning the
War of Public
Opinion
It is a rivalry
that has stood
the test of
time, tortured
many a high
school souls and
become an iconic
battle in U.S.
culture: jocks
vs. geeks.
Today, on
International
Geek Pride Day,
a
new
survey reveals
that geeks are
winning the
public opinion
war.
Fifty-seven
percent of
Americans say
being called a
geek is a
compliment and
more Americans
would prefer to
be called a geek
rather than a
jock, according
to a new survey
by Modis.
"People have
gone from the
vision of the
movies 'Revenge
of the Nerds'
and that was
what geeks would
be associated
with being, to
Bill Gates,
Steve Jobs,
considered
pretty cool
people," said
Jack Cullen,
president of
Modis, a
provider of
information
technology
staffing. "I
point a lot of
it towards the
coolness of
Apple and what
they've done to
bring everybody
into the
forefront of the
digital world."
The survey also
reveals that
Americans
closely
associate the
word "geek" with
positive
attributes such
as intelligence
and an expertise
in technology.
Despite the good
will, however,
there is a
generational
divide.
Sixty-six
percent of those
18 to 34
consider being
identified as a
"geek" a
compliment,
while only 39
percent of those
65 and older
agree.
"The association
was if you're
technically
savvy and you're
really into
technology
you're tucked
away in a corner
somewhere and
you're nerdy,"
Cullen said.
"You got the pen
protector, the
white tape over
your glasses and
you're a social
outcast. Now
you're the
coolest guy in
the room."
The atmosphere
for geeks in
America is
changing
overall. The
vast majority,
82 percent of
people, believe
it is more
acceptable to be
a geek today
than it was 15
years ago.
But whatever you
do, don't get
geeks and nerds
confused. The
survey showed
that people do
not see the
words
synonymously.
Self-identified
geeks make up 17
percent of
Americans and 87
percent of those
who
self-identified
as a geek prefer
the term over
nerd.
"Being geek
signifies
intelligence and
coolness,"
Cullen told ABC
News. "In the
old days it
always stood for
intelligence,
but intelligence
wasn't always
that important
and I think
there's also a
different level
here of
intelligence.
The expectation
isn't that your
this Mensa. The
expectation is
that you
understand,
embrace and use
technology
everyday.
"Not only has
technology
changed our
lives and how we
use technology,
but how the
perceptions of
people have
changed as
well."
Geeks by the
Numbers:
57 percent of
Americans
consider being
called a geek a
compliment.
44 percent of
Americans would
prefer to be
called a geek.
22 percent of
Americans would
prefer to be
called a jock.
66 percent of
respondents aged
18 to 34
consider being
identified as a
geek a
compliment.
39 percent of
respondents 65
and older
consider being
identified as a
geek a
compliment.
17 percent of
Americans
self-identify as
a geek.
82 percent of
Americans say
they believe it
is more
acceptable to be
a geek today
than it was 15
years ago.
Opinion Research
Corp. surveyed
1,000 U.S.
adults 18 and
older May 4 to 8
on behalf of
Modis. |
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Ashton
Kutcher Invests
In, Will Advise
Travel-Booking
Start-Up Airbnb
Ashton Kutcher
has made a
"significant
investment" in
Airbnb, a
website where
people can list
and book places
and things
(apartments,
sailboats or
even the
occasional
castle) for
traveling and
vacations.
Kutcher is also
joining Airbnb
as a strategic
advisor, the San
Francisco-based
company said in
a blog post on
Thursday.
"For many,
Ashton Kutcher
is an actor and
heart throb, but
in the tech
scene he's made
his mark as a
branding and new
media expert
with an eye for
great ideas and
a fearless
approach to new
markets," Airbnb
said. "To the
Airbnb team, he
is more than an
icon –- he is
now our ally and
trusted
advisor."
Kutcher has long
been an investor
in tech
start-ups,
particularly in
California, with
stakes in
companies such
as Skype (which
was recently
sold to
Microsoft for
$8.5 billion)
and advising
companies such
as Pasadena's
UberMedia.
UberMedia on
Monday launched
A.Plus; a custom
Twitter app for
desktops
designed by
Kutcher.
Airbnb cited
Kutcher's
penchant for
unique marketing
ideas as a
positive for the
rising company's
future.
"From scavenger
hunts through
the streets of
Austin to
promote Nikon
cameras, to
raising
awareness for
the Sundance
Film Festival
with reality TV,
Ashton's
branding
initiatives set
new standards
for brand
engagement
through
technology," the
company said.
"With Ashton on
board, we'll be
working together
to take our
community
engagement to
the next level
and expand our
international
presence to
reach more
people from
different
cultures all
over the world." |
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Apple: Why
You Should Be
Buying The Stock
Right Now
In case you
hadn’t noticed,
Apple shares
this year have
basically been
stuck in a rut;
the stock is up
about 3% for the
year, but down
almost 9% since
peaking at $363
in February.
But
enough is
enough. Time to
buy the stock.
At least, that’s
what Piper
Jaffray analyst
Gene Munster
contends.
In a research
note this
morning, Munster
says there are
three reasons
investors have
been nervous
about the stock:
•The stock is
already owned
and reaching
investment
limits among
major investors.
•Investors are
nervous that the
company’s huge
growth rates are
setting tough
comparisons for
the next 12
months. The
company posted
83% revenue
growth in the
March quarter.
•Despite 20% EPS
upside in the
March quarter,
AAPL shares have
actually lost
ground since.
But Munster also
offers 3 reasons
why the stock
should
appreciate from
here.
•Even if the
multiple stay
flat or even
slides, the
stock should
rise on positive
earnings
estimate
revisions. He
notes that the
stock trades for
10.8x his
calendar 2012
forecast of
$30.78, or 8.5x
ex-cash. If
Apple earns $48
a share in CY
2014 – that
would be 25% EPS
growth – the
stock would be
trading at 6.9x,
or 4.4x ex an
estimated $120
billion in cash.
“We believe a
mid-teens
multiple is
warranted given
EPS growth in
the mid-to-high
20s over the
next four
years,” he
writes.
•He thinks Apple
moving into a
new product
category – in
particular,
televisions –
“will unlock new
perceived value
inthe company,
and thus the
stock.”
•He expects
Apple to
announce new
software for
iPhones, iPads
and Macs at the
company’s
Worldwide
Developers
Conference on
June 6 that
“could serve as
a near-term
catalyst” for
the stock.
Munster keeps
his $554 price
target on Apple
shares.
Meanwhile,
Wedbush analyst
Scott Sutherland
this morning
repeated his
Outperform
rating on Apple
shares and
nudged up his
price target to
$450, from $445.
He upped his FY
2011 EPS
forecast to
$24.71 a share,
from $24.30; for
FY 2012, he goes
to $28.50, from
$26.81.
Sutherland
writes that he
would be a buyer
of Apple shares
here based on
“continued
product momentum
and attractive
valuation.”
Sutherland joins
the group that
thinks Apple
will unveil an
interim upgrade
to the iPhone in
the fall –
likely the
iPhone 4S – with
a 4G-capable
iPhone 5 pushed
out to January,
“supported by a
major cloud
initiative.”
AAPL this
morning is up
$1.30, or 0.4%,
to $333.49 |
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Small Steps
For Paralyzed
Man, Giant Leaps
For Treating
Spinal Cord
Injuries
A device helps a
man paralyzed
from the waist
down make an
'unprecedented'
recovery, taking
steps on a
treadmill and
regaining other
key functions.
The treatment
could
potentially
allow 10% to 15%
of people with
spinal cord
injuries to
regain some use
of their legs.
A 25-year-old
Los Angeles man
paralyzed from
the waist down
after being hit
by a car in 2006
has regained the
ability to
stand, take
steps on a
treadmill and
move his hips,
knees, ankles
and toes
voluntarily as a
result of an
experimental
treatment
developed at
UCLA and the
University of
Louisville.
Rob Summers has
also regained
some bladder and
sexual function
after intensive
rehabilitation
and two years of
electrical
stimulation to
his damaged
spinal cord with
a device
normally used
for pain relief,
researchers
reported
Thursday.
His recovery
"remains
unprecedented in
spinal cord
injury
patients," who
until now have
faced a lifetime
of paralysis,
researchers from
the University
of Zurich wrote
in an editorial
accompanying the
report in the
journal Lancet.
"We are entering
a new era when
the time has
come for
spinal-cord-injured
patients to
move."
The new
treatment is "a
very exciting
discovery" that
can probably be
used to help 10%
to 15% of people
with spinal cord
injuries regain
some use of
their legs,
added Dr. John
McDonald,
director of the
International
Center for
Spinal Cord
Injury at the
Kennedy Krieger
Institute in
Baltimore, who
was not involved
in the research.
For those
people, "it has
the potential to
make a dramatic
difference in
their lives."
To achieve this
milestone,
researchers
bathed Summers'
spinal cord with
a mild dose of
electricity
using a device
that is normally
used to treat
chronic pain.
The electrical
stimulation
apparently
primed his
nervous system
to respond to
signals from his
limbs, allowing
him to rise out
of his
wheelchair.
"To everyone's
disbelief, I was
able to stand
independently
the third day we
turned it on,"
said Summers,
who was a
baseball player
in his junior
year at Oregon
State University
in Corvallis at
the time of his
accident. He
completely
supported
himself, but
needed some help
with balance.
The treatment,
devised
primarily by
UCLA
neurobiologist
V. Reggie
Edgerton, is
designed to
activate a
patient's spinal
nerves just
enough to make
them responsive
to sensory
signals coming
from the legs.
The approach,
which Edgerton
has been using
in animals for
nearly three
decades, is like
using a hearing
aid to amplify
sound.
The technique
"opens up a
whole new set of
possibilities …
for people who
have been
injured for
months or
years," said Dr.
Susan Harkema of
the University
of Louisville,
the study's
coauthor.
According to the
Christopher and
Dana Reeve
Foundation,
almost 6 million
people live with
some form of
paralysis, about
1.3 million of
them from a
spinal cord
injury. Such
people lose not
only limb
function, but
also bladder and
bowel control,
sexual response
and other
autonomic
functions,
sometimes
including the
ability to
breathe on their
own.
Researchers have
previously used
electrical
pulses to
activate nerves
in the legs of
spinal cord
patients in a
specific pattern
that caused them
stand or move in
a walking
motion. But in
those cases, it
is not the
patient's brain
but the computer
that sends the
pulses that has
control of the
activity.
Summers was
completely
paralyzed below
the waist after
being struck by
a car in a
hit-and-run
accident in July
2006, although
he did retain
some feeling in
his limbs. He
spent three
years in
rehabilitation
and physical
therapy trying
to learn how to
stand and walk
again, without
success.
Then Dr.
Jonathan Hodes
of the Frazier
Rehab Institute
at the
University of
Louisville
implanted the
51/2-inch-long
epidural
stimulation
device next to
his spine. The
device is not
optimal for this
purpose,
Edgerton said,
but using it
allowed the team
to proceed
without having
to get a new
device approved
by the Food and
Drug
Administration.
(A team led by
Caltech
bioengineer Joel
W. Burdick is
designing newer
and better
electrode
systems.)
The 16-electrode
device was
placed in his
lower back
between the
vertebrae and
the dura, which
covers the spine
and keeps fluid
in. A lead was
buried under his
skin and
tunneled to a
pouch above his
hip.
The important
thing, Edgerton
noted, is that
the device did
not cause
Summers to
stand, as
previous
attempts at
electrical
stimulation have
done. When
Summers is
sitting normally
with the
stimulus
operating,
nothing happens.
But when he
leans forward
and puts some
weight on the
legs, muscle
memory takes
over and the
spine sends
signals to the
legs that cause
him to stand.
With more
training,
Summers also
learned how to
walk on a
treadmill.
Eventually, he
developed the
ability to move
his legs, wiggle
his toes, flex
his ankles and
make other
movements
voluntarily — as
long as his
spinal cord is
being
stimulated.
At first, "none
of us believed
it," Edgerton
said. "We have
no idea what the
mechanisms are,
but we are
pretty sure it
has resulted in
changes in the
brain."
And as Summers
relearned these
rudimentary
activities, his
autonomic
functions also
improved. He
regained control
of his bladder
and bowels, as
well as some
sexual function.
"Not being able
to walk and
stand is
devastating,"
Harkema said,
"but these other
things may be
more important."
Dr. Amie B.
Jackson of the
Spain
Rehabilitation
Center at the
University of
Alabama at
Birmingham, who
was not involved
in the research,
said she was
impressed that
the therapy
affected those
autonomic
functions
"because that is
a different type
of nervous
system."
Summers' overall
health also
began to
improve, at
least in part
because of the
exercise. He was
able to
discontinue a
variety of
medications for
cardiovascular
disease and
pain. "That was
important
because they
were very
expensive," said
Summers, who now
attends the
University of
Louisville and
helps coach the
baseball team
there.
The researchers
emphasized that
the electrical
stimulation
alone was not
enough to get
Summers back on
his feet.
Rather, it was a
combination of
the stimulation
and the
intensive
rehabilitation,
up to two hours
a day.
Jackson
speculated that
this treatment
could be
combined with
other therapies
to provide even
better,
longer-lasting
results. Once a
patient has
reached this
stage, she said,
it might then be
possible to use
stem cells to
repair the
spinal cord and
make the
improvements
more permanent.
Everyone
involved
cautioned that
the experiment
involved only
one patient and
would need to be
replicated in
others before
becoming a
mainstream
therapy. Harkema
said the team
will immediately
begin testing it
on four other
patients with
injuries similar
to Summers',
then will try it
on others with
different types
of injuries.
Eventually, he
said, the team
may study
paralysis caused
by other types
of problems,
such as strokes
or disease.
As for Summers,
he said his
goals were "to
stand completely
independently,
take steps in a
more functional
manner, and
eventually try
to play baseball
again." |
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Upgrade Your
Life: Must-have
Gadgets for
Parents
By Jared
Spurbeck
Moms and dads
need all the
help they can
get. So in this
week's episode
of Upgrade Your
Life, Yahoo!
News' Becky
Worley shows us
some must-have
gadgets and apps
for parents!

Motorola DECT
6.0 ($59) and
Plantronics
Calisto Pro
($279)
Most parents
probably wish
they could grow
an extra hand.
These cordless
home phones
won't give you a
third arm, but
they will let
you talk on the
phone
hands-free.
That's because
they use the
same BlueTooth
technology that
wireless
cellphone
headsets use.
The Motorola
DECT is a decent
budget phone,
with all the
basic features
that you would
expect. Its
downside? Only
so-so headset
sound quality
and comfort. But
the Plantronics
Calisto Pro may
be one of the
best home
phones, period.
The headset is
easy to set up
and stays in
place when
you're wearing
it, the sound
quality is
superb, and you
can even use it
with your
cellphone or to
make Skype
calls.
Speaking of
which --
Skype app for
iPhone ($0) and
Qik for Android
($0)
If you haven't
tried Skype out
yet, here's the
deal: Skype is
an app that lets
you make video
calls for free.
You can also
make phone calls
with it, but
when it comes to
communicating
with your kids,
it's all about
video calling.
You may already
have Skype
installed on
your Windows or
Linux PC, or on
your Mac. But
there are also
Skype apps for
the iPhone, iPad
and iPod Touch,
plus Android
phones and
tablets! And
unlike Apple's
FaceTime, the
video chat works
over a cellular
connection as
well as Wi-Fi.
So when you're
on that business
trip and missing
the toddler at
home, just fire
up Skype on your
phone and get
that baby fix.
The Android
version of Skype
doesn't yet
support video
chat. But Skype
owns anther app
called QIK, that
does let you
make video calls
from your
Android phone.
You can download
it at qik.com.
Compro IP540
Baby Monitor
($294)
Tired of being
tied to your
baby monitor's
screen? How
about a monitor
that you can
watch from your
iPhone or
Android phone?
The Compro
IP540, which is
"powered by
Seedonk," lets
you do just
that, with a
free smartphone
app. You can
even use your PC
or Mac's web
browser, to
watch your child
over its secure
connection.
The Compro IP540
has night vision
sensors and "No
geeks required"
setup, plus a
wireless adapter
that lets it
connect to your
home's Wi-Fi
network, so you
don't have to
drag a cable
into your
child's room.
Another
smartphone-enabled
baby monitor is
supposedly
coming soon from
a company called
Withings, but
there's no word
yet on how much
it will cost, or
when it will be
ready.
Baby Monitor
iPhone app
($4.99) and
Android app
($2.99)
Like the idea of
using your
smartphone to
monitor your
child, but don't
have the money
for an expensive
camera? Just
download the
$4.99 Baby
Monitor app for
your iPhone. You
can set your
phone next to
your child's
bed, and have it
text you on
another phone or
call your home
number if it
hears your child
crying. It can
even start a
FaceTime call,
to your
compatible Apple
device.
The Android app
doesn't have a
video feature,
but it does let
you record your
voice or play as
song for your
child, as he or
she falls
asleep. It also
keeps a full log
of every noise
it records, so
you can play
them back later.
It's $2.99, and
you can download
a free trial
from the Android
Market.
Both apps are
especially great
for travel,
since they don't
need any
hardware besides
your smartphone!
Safety First
Sleepy Baby Nail
Clippers ($5.75)
Clipping a
baby's
fingernails is
really
nerve-wracking
when they're new
borns. You're
hunched over
tiny fingers,
blocking the
light, and you
worry you'll
clip them too
close. Safety
First Sleepy
Baby nail
clippers have
built-in LED
lights that
illiuminate your
baby's nails,
and let you see
what you're
doing.
Meeno Babies
"Cool Mee"
Universal Car
Seat Liner ($39)
Every kid wants
to be cool,
especially when
he or she's
crammed into a
hot car seat.
The Cool Mee
seat liner comes
in five colors,
and it uses the
same sort of
wicking fabrics
as Underarmor
and Nike Fit, to
increase air
flow between
your child and
the car seat and
to pull heat and
sweat away from
his or her body.
The only
downside is that
the headpiece
attaches with
velcro, so you
have to keep
resticking it if
you choose to
use the top
piece.
Eye-Fi 4 GB
Connect SDHC
Card ($42)
Do you have a
shelf full of
memory cards of
your kids'
photos, that
you've been
meaning to copy
over
stouchomeday?
The Eye-Fi cards
make this easy
for you! They're
camera memory
cards that have
a built in Wi-Fi
connection, so
as soon as you
walk into your
house they copy
all of their
pictures to your
home computer.
They even work
with iPhoto, if
you have a Mac.
Their "Eye-Fi
View" feature
lets you go
online to check
out all the
pictures you've
taken in the
last seven days.
You can even set
them to upload
everything
automatically to
Flickr or
Facebook,
instead of just
copying pictures
to your PC or
Mac. Plus, the
newest Eye-Fi
cards can
automatically
send their
photos to your
iPhone, iPad, or
Android
smartphone or
tablet instead,
if you prefer.
There are a
variety of Eye-Fi
cards available,
at different
price points.
All of them cost
more than normal
memory cards,
but with their
"Endless Memory
Mode" -- which
automatically
makes room for
more pictures as
the old ones are
uploaded -- you
just might save
some money in
the long run.
Kidz-Med
VeraTemp
Non-Contact
Thermometer
($29)
Tired of trying
to get your
child to hold
the thermometer
under his or her
tongue? Here's a
thermometer that
doesn't even
need to touch
your child to
get an accurate
reading -- you
can use it while
he or she's
sleeping! It's
also good for
checking if
food, bathwater,
or bottles are
too hot or cold,
or just for
checking room
temperature.
Of all the
digital
thermometers
Becky has tried
-- in-ear
models,
forehead-swiping
thermometers --
this one is the
most consistent,
and the least
traumatic for
small children. |
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Review:
Disconnecting In
a Too-Connected
World
By Barbara
Ortutay
The knowledge
that I'd be cut
off from
Internet and
cellphone
service in just
a few hours
started to relax
me long before I
reached the
secluded, serene
site of a
two-day yoga
retreat in
upstate New
York.
For 43 magical
hours, chirping
birds replaced
car horns and
sirens. Two-hour
yoga classes,
hammock-lounging
and hot-tubbing
replaced sitting
at my desk in
Manhattan.
The best part:
Absolutely
nothing replaced
my iPhone. It
sat powered off
at the bottom of
my backpack all
weekend save for
a brief stint as
an alarm clock
to wake me from
a nap.
I readily admit
that I am
powerless.
Without a forced
break from
email, text
messages,
Facebook and an
endless stream
of online news
and blogs, I am
an information
addict. Spending
a few days
without mobile
service in an
age where
smartphones have
become like
limbs for many,
I found immense
value in
disconnecting
from our
always-on,
always-connected
world.
It wasn't easy.
During the
three-hour ride
upstate, I
clutched my
phone and
reloaded
Facebook, Gmail
and Hotmail
every 10 to 15
minutes. I
followed our
route on Google
Maps, checked in
to Route 17 on
Foursquare and
scanned the app
for The New York
Times for news
updates for the
fourth, fifth,
sixth time.
As we neared the
no signal zone,
I called my
husband to say
goodbye for the
second time and
left a message
for a friend to
wish him well on
medical-school
admission tests
that he was
taking that
weekend. I
checked email
once more.
Should I have
called my mom?
Posted one last
update on
Facebook about
the looming
Rapture? See if
I missed any
tech news by
taking Friday
off?
My goodness,
what have I
become?
Then, "No
Service"
appeared in the
top left corner
on my phone, and
that was that. I
took a deep
breath, turned
off the phone
and turned to my
surroundings and
later, inward.
Facebook came up
at least twice
during the
retreat at
Heathen Hill.
Both times, our
yoga instructor
was leading the
18 of us through
relaxation
techniques.
Forget about
work, she said,
forget about
your children at
home, for a
moment, and
forget about
Facebook. We lay
on our mats,
listening to the
softly tapping
rain and
chirping birds
and complied. We
breathed.
It's become an
increasingly
rare treat to
disconnect from
"real world"
while on
vacation. For
many people,
work and family
left behind
require constant
email and phone
contact.
Wireless access
through Wi-Fi is
plentiful and
often free, as I
have discovered
in the Irish
countryside, in
the outskirts of
my hometown of
Budapest,
Hungary, and in
parts of the
Catskills,
notwithstanding
the pocket where
my yoga retreat
took place.
Like many
people, I have
also developed a
bit of an
unhealthy
attachment to my
iPhone in the
past couple of
years, though
it's not to the
point where that
I sleep with it
under my pillow.
Convenient as it
is, there are
plenty drawbacks
to the constant
ability to check
in — to friends,
strangers, work,
news, gossip and
whatever else my
phone gives me
instant access
to. Sometimes I
don't even
notice when I
subconsciously
reach for my
phone when
there's a lull
in a
conversation
over dinner or
when I want to
avoid awkward
small talk in
the elevator.
Then there's the
type of
information I'm
getting. Sure,
some of it is
valuable, but
more of it is on
the caliber of
cute animal
stories and
incidental
Facebook updates
from friends or
casual
acquaintances.
After coming
back from the
retreat, I
extended my
Facebook ban, so
it's been five
days already.
I'm not sure
I've missed
much, except
perhaps a few
laughs or
headshakes at
friends' posts.
So what did we
do, without
news, Twitter
and email in the
Catskill
Mountains? Yoga,
and lots of it.
Our teacher
instructed us to
turn inward.
That's
especially
difficult to do
in the age of
social media,
when many of us
seek validation
even for the
most minute
actions and
passing thoughts
of our lives.
Why do I need to
tell my Facebook
friends that
it's raining
again? And when
someone
responds, why do
I feel weirdly
validated in my
existence?
I won't call it
addiction, but
for the first
few hours of the
retreat, I found
myself regularly
reaching for my
iPhone — for
what, I don't
know. It was
like a phantom
limb, unnerving
in its absence.
By the second
day, the feeling
was gone, thanks
to vigorous
exercise, yogic
breathing and
our beautiful
surroundings. We
dined on
homemade
vegetarian
dishes, another
break from my
regular days as
an avid
carnivore. I
also brought a
book with me,
printed on real
paper. It's
called "Living
Dead in Dallas,"
part of a series
about Southern
vampires that is
now a show on
HBO. It helps me
relax, OK?
At night we sat
by the campfire,
roasted
marshmallows and
drank wine. Then
sleep, breakfast
and more yoga.
I don't advocate
disconnecting
forever from the
Internet or
social media,
and I admit a
weekend was just
enough. We
needed GPS to
find our way
back to the
city, for one
thing. Some
email addresses
were exchanged,
too.
And, as we left,
we promised our
newfound yoga
friends: "I'll
find you on
Facebook." |
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Inside E R I
Jams
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Presenting,
promoting and
preserving the
artistic culture of our city
along with the works of
independent
filmmakers, writers,
artists and
musicians in the
Erie area.
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New Game
Releases |
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Week of May 15,
2011 |
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3DS
Dead or Alive:
Dimensions
Release Date:
May 24, 2011
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iPhone/iPad
Touch Zombie:
Real Ver.
Release Date:
May 22, 2011
Wine Expert
Release Date:
May 23, 2011
Aqua Defence
Release Date:
May 22, 2011
Epic Pencil
Release Date:
May 22, 2011
TimeOut Dance
Release Date:
May 22, 2011
Darwen Quiz
Release Date:
May 22, 2011
Super Droid
World HD
Release Date:
May 24, 2011
MadBike
Release Date:
May 22, 2011
Rhino Drop
Release Date:
May 22, 2011
Fodboldspil
Release Date:
May 23, 2011
Bird Blocks
Release Date:
May 22, 2011
Film Quiz
Release Date:
May 22, 2011
JewelFitting
Release Date:
May 22, 2011
Cute Bomberman
Release Date:
May 24, 2011
Super Droid
World
Release Date:
May 24, 2011
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PC
DiRT 3
Release Date:
May 24, 2011
Dungeons &
Dragons:
Daggerdale
Release Date:
May 25, 2011
LEGO Pirates of
the Caribbean:
The Video Game
Release Date:
May 24, 2011
King Arthur
Collection
Release Date:
May 24, 2011
Faxion Online
Release Date:
May 26, 2011
Space Ark
Release Date:
May 23, 2011
The Lord of The
Rings Online:
Lost Legends of
Eriador
Release Date:
May 23, 2011
Death and the
Fly
Release Date:
May 24, 2011
Aion 2.5:
Empyrean Calling
Release Date:
May 25, 2011
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Play Station
2
No New Games
This Week |
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Play Station
3
DiRT 3
Release Date:
May 24, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
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Play Station
Network
DiRT 3
Release Date:
May 24, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
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PSP
No New Games
This Week |
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xBox360
DiRT 3
Release Date:
May 24, 2011
Dungeons &
Dragons:
Daggerdale
Release Date:
May 25, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
Battle for Venga
Islands
Release Date:
May 23, 2011
Avatar's Rock
Paper Scissors
Release Date:
May 22, 2011
Refractor
Release Date:
May 23, 2011
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xBox360 Live
Arcade
DiRT 3
Release Date:
May 24, 2011
Dungeons &
Dragons:
Daggerdale
Release Date:
May 25, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
Battle for Venga
Islands
Release Date:
May 23, 2011
Avatar's Rock
Paper Scissors
Release Date:
May 22, 2011
Refractor
Release Date:
May 23, 2011
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DS
Duke Nukem:
Critical Mass
Release Date:
May 25, 2011
Emily The
Strange
Release Date:
May 24, 2011
99Bullets
Release Date:
May 23, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
Puzzle Quest:
Challenge of the
Warlords (DSiWare)
Release Date:
May 23, 2011
Murder in Venice
Release Date:
May 26, 2011
Cake Mania: Main
Street
Release Date:
May 24, 2011
3D Twist & Match
Release Date:
May 23, 2011
Paws & Claws:
Pampered Pets 2
Release Date:
May 24, 2011
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Wii
NASCAR 2011: The
Game
Release Date:
May 24, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
Crazy Machines
Release Date:
May 25, 2011
Overflow
Release Date:
May 23, 2011
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Wii Virtual
Console & Wii
Ware
NASCAR 2011: The
Game
Release Date:
May 24, 2011
Kung Fu Panda 2:
The Video Game
Release Date:
May 24, 2011
Crazy Machines
Release Date:
May 25, 2011
Overflow
Release Date:
May 23, 2011 |
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