Tag Archives: Movies

Get Facebook Home On Any Android Device Now

Get Facebook Home On Any Android Device Now


Facebook Home has been the topic du jour since its release on Friday, but it’s still only available for a small handful of devices. Those with Android phones and tablets that aren’t under the roll-out umbrella have been left out in the cold, until now. TechCrunch reports that MoDaCo founder Paul O’Brien has created a patch of Facebook Home that will work on practically any Android device.

Get Facebook Home On Any Android Device Now

O’Brien’s patch is easy to get on any Android device: Go to your phone’s “Settings” menu to make sure you can download applications from unknown sources, then load the patch from the website on your device and run Home. The patch dupes the app into thinking that the device is whitelisted, getting rid of the roll-out barrier and allowing for free roam on the app. The app works seamlessly with the phone provided that there are zero instances of Facebook’s proprietary apps (including the original app and Messenger) on the phone already. Those with Facebook baked in to the phone already will have to go through the rooting process to get their hands on Home early.

Unfortunately, O’Brien’s patch is not quite perfect. There is a widespread issue with SMS messages not routing correctly through Home, so you would have to send text messages through your traditional home screen. The experience isn’t complete, but it’ll definitely be enough to get your feet wet on Home before it’s available for your particular device.

Download the patch at your own risk here. What do you think of Facebook Home? Let us know in the comments.

(VIA. IGN)

LeBron- Can't worry about injuries

LeBron: Can’t worry about injuries


MIAMI — LeBron James’ longest string of missed games in his NBA career was five straight, and that was because of a finger injury more than five years ago.

LeBron- Can't worry about injuries

He knows he’s fortunate in that regard.

So he cannot really relate to what Kobe Bryant is dealing with now that the Los Angeles Lakers star’s season is over with a torn Achilles that required surgery and is expected to keep him sidelined for up to nine months.

But while Bryant’s heavy workload down the stretch of this season remains a talking point as to whether that played a role in the injury, James said he’s among those who think players should simply never think about getting hurt.

“You can’t say, ‘OK, I’m not playing this game because I’m afraid of injury’ or ‘I’m not playing this summer,’” James said Sunday after the Miami Heat beat the Chicago Bulls 105-93. “The opportunity is there. There’s going to be a time when you can’t play the game at all because Father Time has caught up with you. So you’ve got to try to do as much as you can while you can.”

Bryant played 3,018 minutes this season, his most since 2007-08. Entering Sunday, only Oklahoma City’s Kevin Durant, Portland’s Damian Lillard and Milwaukee’s Monta Ellis logged more court time this season than Bryant, who has played 17 seasons — two more than Durant, Lillard and Ellis combined.

But James hardly ever wants to miss games, either, even at this point in the season with the Heat already wrapping up home-court advantage throughout the playoffs.

“That’s not who we are,” James said. “We can’t play the game worried about injuries. … If you play your professional life worried about injuries, you’re never going to be able to maximize your potential. You can’t do that. You’ve got to just go out and play.”

Heat coach Erik Spoelstra also weighed in on the Bryant injury Sunday, saying that seeing it made him sick to his stomach.

James said he was sad for Bryant, and reiterated what he wrote in a tweet after the Lakers’ guard got hurt Friday night: he has no doubt the NBA’s No. 4 all-time scorer will one day return.

“I know how much work he puts into the game,” James said.

(VIA. ESPN)

Dirk Nowitzki scores 25,000th point

Dirk Nowitzki scores 25,000th point


NEW ORLEANS — Dallas Mavericks star forward Dirk Nowitzki became the 17th member of the NBA’s 25,000-point club Sunday.

Dirk Nowitzki scores 25,000th point

Nowitzki hit the milestone with a midrange jump shot over New Orleans Hornets center Robin Lopez at the 6:44 mark of the second quarter.

“His legacy is intact really regardless of any other scoring milestones,” Mavericks coach Rick Carlisle said before the game at New Orleans Arena, noting that Nowitzki is a member of the even more exclusive club of players who have been 10-time All-Stars, Finals MVPs and MVPs.

Kobe Bryant of the Los Angeles Lakers and Kevin Garnett of the Boston Celtics are the only other active players with at least 25,000 career points. The Celtics’ Paul Pierce, Miami’s Ray Allen and the Spurs’ Tim Duncan could hit the milestone next season.

Nowitzki, considered the sweetest-shooting 7-footer in NBA history, has averaged 22.6 points per game during his 15-year career. His scoring average of 17.1 points this season, when he missed the first 27 games while recovering from arthroscopic knee surgery, is his lowest since his rookie year.

(VIA. ESPN)

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Here’s Why Disney Is Cutting Jobs By The Hundreds


Fanning the flames of the Republican feud with Jay-Z, Florida Senator Marco Rubio chided the rapper Sunday over his recent trip to Cuba with wife Beyonce.

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“I think Jay-Z needs to get informed,” Rubio said during an interview on ABC’s “This Week.” “One of his heroes is Che Guevara. Che Guevara was a racist. Che Guevara was a racist that wrote extensively about the superiority of white Europeans over people of African descent, so he should inform himself on the guy that he’s propping up.”

“Secondly, I think if Jay-Z was truly interested in the true state of affairs in Cuba, he would have met people that are being oppressed, including a hip-hop artist in Cuba who is right now being oppressed and persecuted and is undergoing a hunger strike because of his political lyrics,” Rubio added. “And I think he missed an opportunity. But that’s Jay-Z’s issue.”

The Washington Post’s Sean Sullivan points out that Rubio was probably referring to Angel Remon Yunier Arzuaga, a jailed Cuban rapper whom the Florida Senator tweeted about last week.

Rubio’s remarks are the latest Republican criticism of Jay-Z’s Cuba visit, which was sanctioned by the Treasury Department. The rapper responded to the criticism last week with a new rap, titled “Open Letter.”
But Rubio, a Cuban-American, said Sunday that the real problem was not Jay-Z, but the current U.S. travel policy to the island.

“The bigger point is the travel policies,” he told ABC’s Jon Karl. “The travel policies need to be tightened because they are being abused,” Rubio said. “These are tourist trips, and they are — what they’re doing is providing hard currency and funding so that a tyrannical regime can maintain its grip on the island of Cuba, and I think that’s wrong.”

(VIA. Business Insider)

Salini's Chief Executive Salini poses for photographers before news conference in downtown Milan

Exclusive: Thermo Fisher nears $12 billion-plus Life Tech deal


(Reuters) – Thermo Fisher Scientific Inc is close to buying genetic testing equipment maker Life Technologies Corp for more than $12 billion, three people familiar with the matter said on Sunday.

Salini's Chief Executive Salini poses for photographers before news conference in downtown Milan

An acquisition of Life Technologies would boost Thermo Fisher’s presence in scientific research, genetic analysis and applied sciences and make it a major player in the genetic sequencing market, creating a healthcare technology giant with annual revenues of over $16 billion and some 50,000 employees.

Also it would be by far its biggest deal since the $12.8 billion merger in 2006 of Thermo Electron and Fisher Scientific International that created the world’s largest maker of scientific equipment and laboratory instruments.

Life Technologies’ board, which met on Saturday to review three takeover offers, chose Thermo Fisher as the top bidder after the world’s largest maker of laboratory equipment raised its bid on Friday to the low $70 per share range, or more than $12 billion, the people said.

A deal could come as soon as Monday, but terms of the agreement are being finalized and the negotiations still could fall apart, the people said.

Waltham, Massachusetts-based Thermo Fisher and a private equity consortium, as well as Sigma-Aldrich Corp, a maker of chemicals for research laboratories, submitted another round of bids on Friday after Life Technologies asked for “best and final” offers, the people said.

The people asked not to be named because the matter is not yet public. Thermo Fisher, Life Technologies and Sigma-Aldrich did not respond to requests for comment. Blackstone Group LP, Carlyle Group LP, KKR & Co LP and Temasek Holdings, which are part of the buyout consortium, could not immediately reached for comment.

Carlsbad, California-based Life Technologies, which has a market value of $11.6 billion and debt of about $2.4 billion, sought a higher price from bidders after receiving committed offers on Tuesday, the people familiar with the matter said.

The private equity consortium also raised its offer on Friday from $65 to about $67 per share, short of Thermo Fisher’s bid, one of the people said. The price and structure of the offer from Sigma-Aldrich, which has a $9.2 billion market value and has been working with Morgan Stanley on the offer, could not be obtained. Morgan Stanley declined to comment.

PERSONALIZED MEDICINE

Thermo is already a world leader in scientific equipment and laboratory instruments, from the most basic test tubes to advanced mass spectrometry equipment used to determine the chemical structure of molecules.

Thermo also sells chemicals, agents and antibodies used in the manufacturing and research of biotech medicine, and has enhanced its portfolio of environmental safety products for testing air and water quality and food safety in recent years.

The acquisition of Life Technologies will catapult it into the field of genomic-based medicine, in which researchers, drugmakers and doctors are uncovering the genetic underpinnings of disease to better tailor a treatment to the patients most likely to benefit.

Thermo Fisher has been quite acquisitive in recent years, buying Phadia for $3.5 billion in 2011 and Dionex for $2.1 billion in 2010.

Life Technologies is also the product of the combination of two companies – Invitrogen, a maker of cultures used in the manufacture of biotech medicines, and the genetic testing company Applied Biosystems.

Life Technologies said earlier this year that it was undergoing a strategic review and that all options were on the table. But the sale of the company has appeared to be the most likely outcome for months.

(Reporting by Soyoung Kim and Greg Roumeliotis in New York; Editing by Diane Craft)

(VIA. Reuters)

KEVIN HART YUP, I WAS DRUNK

KEVIN HART YUP, I WAS DRUNK


Kevin Hart was not under oath, but he still told the truth to TMZ on his way out of jail … he was drunk when cops busted him for DUI.

KEVIN HART YUP, I WAS DRUNK

As TMZ first reported, Hart was popped for suspicion of DUI early Saturday morning after California Highway Patrol officers spotted him speeding and driving erratically on the freeway.

On his way out of jail this morning, Hart fully admitted to being drunk … and even said he told the officers as much. Guess he doesn’t plan on pleading not guilty.

Hart did say he was hit with another charge, but claimed that one was total BS.

(VIA. TMZ)

Even as the wider PC industry declines thanks to the rise of mobile devices, IHS is predicting that one segment in particular will be fully dead within two years, with Apple's iPad as the primary driver in its decline.

IHS sees netbooks dead by 2015, blames Apple’s iPad


Even as the wider PC industry declines thanks to the rise of mobile devices, IHS is predicting that one segment in particular will be fully dead within two years, with Apple’s iPad as the primary driver in its decline.

Even as the wider PC industry declines thanks to the rise of mobile devices, IHS is predicting that one segment in particular will be fully dead within two years, with Apple's iPad as the primary driver in its decline.

Netbooks were supposed to be the bridge between mobile devices like smartphones and the traditional PC form factor. The category peaked in 2010 with 32.14 million units shipped. That’s also the same year that Apple’s iPad hit the market, and it’s been a rapid downhill slide for the netbook category since.

IHS iSuppli has released a new report saying that netbook shipments for 2013 will be only a bit over 10 percent of that 2010 total, according to the LA Times. The 3.97 million unit figure forecast for 2013 is not just a precipitous drop from 2010′s figure, though: it’s a 72 percent drop from 2012′s shipments.

The news doesn’t get better for the category. By 2014, IHS predicts, the netbook segment will move just 264,000 units. By 2015, IHS believes the segment will be dead, with no units shipped.

“Netbooks shot to popularity immediately after launch because they were optimized for low cost, delivering what many consumers believed as acceptable computer performance,” IHS analyst Craig Stice said in the report. “However, netbooks began their descent into oblivion with the introduction in 2010 of Apple’s iPad.”

Apple’s bestselling tablet has come to the forefront of a struggling PC industry. As consumers increasingly opt for smartphones and tablets over traditional computing form factors, virtually no manufacturer is immune from the resulting PC downturn. The iPad, though, has been — as Apple CEO Tim Cook called it — the poster child of the Post-PC revolution, and now accounts for one in every six shipped computers.

Prior to the iPad’s introduction, a number of analysts and industry observers thought it inevitable that Apple would release its own device to compete in the netbook segment. In the netbook’s heyday, the cheapest portable MacBook was still twice or more the cost of the cheapest netbooks.

Then-Apple CEO Steve Jobs repeatedly dismissed the netbook category, saying it wasn’t an area Apple was interested in.

“We don’t know how to make a $500 computer that’s not a piece of junk, and our DNA will not let us ship that,” Jobs said in 2008 when asked about the possibility of an Apple netbook.

Apple eventually responded to the netbook category, though, releasing the iPad in 2010 and delivering what Jobs deemed a “true third-category device.” Touting the iPad, Jobs once again dismissed the netbook segment as incomplete and not really delivering what consumers wanted.

“The problem is: netbooks aren’t better at anything,” Jobs said. “They’re slow, they have low-quality displays, and they run clunky, old PC software. We don’t think they’re a third-category device.”

(Via. Apple Insider)

facebook-home4

Facebook Home And The Promise Of Android


facebook-home1

If you’re an iPhone user, you might be feeling a little left behind, because Facebook launched an application called Facebook Home, touted by CEO Mark Zuckerberg as the “next version of Facebook.” In fact, you might be feeling this way if you’re an Android user, too. For now, only a handful of select devices can even run Home (officially) — devices that users adopt in particular to stay ahead of the curve when it comes to new app releases. Notably missing from the lineup is Google’s Nexus 4, the latest in the lineup of Nexus-branded flagship Android phones.

But Facebook promised that more handsets will be supported in time, as will tablets. Well, only Android ones, that is.

It’s too soon to say whether Facebook Home will live up to the company’s claims and expectations of becoming the new way people interact with the social network, or whether it will go down only as a notable experiment on the social network’s part. If the latter, it won’t be a major loss to the company, as Facebook will continue to have access to data from a core group of heavy Facebook enthusiasts. It will learn what keeps users engaged, what posts and images catch their eye and their clicks, and, eventually, which advertisements do, too.

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But to those who can’t download Facebook Home today because they’re using the “wrong” smartphone, it’s of small comfort to think that perhaps the product won’t ever really be as successful as Facebook promises. Because for users, what matters is not whether this grand roll of the dice pays off for Facebook itself – it’s whether you have the ability to participate in the game in the first place.

This is the challenge of the new mobile landscape.

Unlike the web, where the worst thing developers encountered was IE compatibility – and yes, that was bad – it was only a matter of time (and hair pulling and screaming) and energy to bring a new idea to everyone who had Internet access and a web browser. Because the web is built on open standards, this sort of thing is possible.

Facebook wouldn’t even be Facebook had this not been the case.

But mobile is a different story, and a potentially dangerous one in terms of progress and innovation, as Facebook Home today proves.

On the one side, you have an Android ecosystem that’s fragmented by operating system version. In fact, Google quietly changed the way it discloses that fragmentation. Now, instead of telling the developer community how many phones run Jelly Bean or Gingerbread, for instance, it tells them how many of those devices are used by people who download apps. It’s an attempt to paint a rosier picture of OS distribution patterns by focusing on the app-haves instead of the app have-nots. (Spoiler: there are a lot of people running old versions of Android out there.)

Then on the other side, there’s Apple. Because of its restrictions, Facebook Home will never be able to run as intended on iOS operating systems. That’s not necessarily a bad thing, to be clear. It’s just a statement. Apple deserves plenty of credit for helping technology become an interest of the mainstream – a group that felt its former interfaces, configurations, and command lines too complicated and confusing. Or worse, simply not fun. The iPhone wasn’t the first smartphone, but it radically altered the way that people interact with – and learned to love and care about – technology.

But if we’re giving Apple credit for sparking this trend, lets give them credit for potentially stalling progress here, too.

It’s only a few years into this new paradigm of computing, and things are already starting to feel a little dated. We’ve become accustomed to, bored with, and finally overrun by mobile applications. So the shift ahead of us is enabling new experiences – possibly those that put an app-centric interface secondary. Android is well on its way to enabling this, with its potential for customizations and widgets, as well as the deep hooks that apps can sink into the underlying operating system.

Apps like Facebook Home.

Facebook Home, however, is but the first high-profile example. A niche group Android users have been doing this for years on their own with third-party widgets, launchers, and replacements for core applications.

Android is not an ideal landscape overall. (See: fragmentation issues above. See also: app quality, developer revenue potential, etc.) In other words, this is a not a statement about who wins the larger war, it’s about who wins on this particular battlefront. That said, in terms of enabling a new mobile experience, Android is now more promising than iOS.

facebook-home2

Of course, you may think that Facebook Home itself is a terrible, horrible thing that you would never consider installing on your own phone, and that’s just fine.

The point is, it’s a different idea. It’s not really an Android launcher, it’s only inspired by them. And even if you have no particular affinity for Facebook itself, you might for the next company that follows it. Because someone will. In fact, one already has: Korean messaging giant KakaoTalk just announced plans for a Facebook Home competitor of its own.

More will come.

And later, it won’t be just about direct copycats like KakaoTalk, or the third-party developers promising DIY “Home-like” experiences, either. Facebook Home’s existence speaks to a world where developers will be prompted to think beyond applications and the isolated experiences they deliver. With the layering, and overall well-designed nature of the Facebook Home feature called “Chat Heads,” we’ve been shown the potential to build entirely different ways of interacting with our devices. Period.

This is the path of innovation. Someone takes a bold step forward with a new idea. Eyebrows are raised, pundits opine, testers review, but ultimately a thing dies or lives in the hands of the everyday users. You.

Facebook Home itself might not make it. It challenges the status quo by making other applications less important than Facebook. That’s a radical enough idea that it could easily fail.

But the damage – whether Facebook Home succeeds or not – is already done. Facebook Home is something else. Wired called it an apperating system. That’s perfect. It exists somewhere between apps and phones. It dug out a whole new space, now begging to be exploited, experimented upon, and filled with new ideas.

And it did this on Android.

Asked if Facebook Home could ever come to iOS, Zuckerberg said, “anything that happens with Apple is going to happen with partnership. Google’s Android is open so we don’t have to work with them.”

No one had to “work with” the web, either.

(VIA. Tech Crunch)

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WordPress Under Attack: How To Avoid The Coming Botnet


WordPress is easy. That’s why people like it. It’s quick to set up a simple site. It’s easy to manage large amounts of content. It’s easy to add functionality without having to know how to code php because there is such a large developer community that makes tons of free plugins.

It’s also pretty easy to hack. When things are easy, we are less vigilant and we do stupid things like using obvious passwords (remember what trouble that caused on LinkedIn?) Less obvious is the use of the default “admin” username and the failure to keep the site software updated.

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All of these security weaknesses, it turns out, could allow an unidentified group of hackers to use “brute force” attacks on WordPress installations and form a huge “botnet” of infected servers. A report by Dan Goodin in Ars Technica details the threat. Unnamed attackers “are using more than 90,000 IP addresses to brute-force crack administrative credentials of vulnerable WordPress systems, researchers from at least three Web hosting services reported. At least one company warned that the attackers may be in the process of building a “botnet” of infected computers that’s vastly stronger and more destructive than those available today.”

A lot of cyber crimes are perpetrated by hackers that use “worms” to infect individual computers and use them to create “spoof addresses” for various types of fraud as well as to execute DDoS [distributed denial-of-service] attacks. Tying together servers with the large amount of network connections possessed by a popular WordPress site would up the ante by an order of magnitude or two.

If you or your company have sites that use WordPress, there are two things to consider. First is to avoid having your own site hijacked and second is to avoid becoming part of a larger problem. Think childhood immunizations.

Fortunately, there are some simple recommendations that can lower the liklihood of being part of the problem:

Avoid Obvious Passwords: A simple check of the security requirements recommended by WordPress will make brute force attacks much more difficult. As Mike Isaac points out in All Things D, “Hackers go after the low-hanging fruit, which is most often found in the novice Web users who don’t take the time to switch from their default login information.” A secure password is a mix of at least eight upper and lowercase letters, numbers and the kinds of ‘special’ characters used to depict curse-words (^%$#@*)!

Ditch The Admin Username: The attackers are in possession of 90,000 IP addresses from which they are trying to crack the default “admin” accounts on WordPress installations. So if you are still using “admin,” create a new user with admin privileges (you will need to use a different email address than the one attached to the current admin) and give it a strong password as defined above. Then log back in as the new user and delete the old admin account and assign all of the posts in that account to the new user. Five minutes, tops.

Use Two Factor Authentication on WP.com: If you have a WP.com account, take advantage of their two-step authentication which assures that you are a human logging in, not a bot.

Update WordPress: Many hackers exploit holes that have ben identified in older versions of WordPress, so keeping your install up to date is another easy way to avoid trouble, though this is not as immediately relevant as the above two action items. WordPress founder Matt Mullenweg advises that if you do these first three “you’ll be ahead of 99% of sites out there and probably never have a problem.”

Install A Security Plugin: Using something like the Better WP Security plugin is probably agood idea in general, it won’t do anywhere as much in this case as the suggestions higher up the list. Mullenweg writes, “Most other advice isn’t great—supposedly this botnet has over 90,000 IP addresses, so an IP limiting or login throttling plugin [like Better WP Security] isn’t going to be great (they could try from a different IP a second for 24 hours).”

Consider A Service Like CloudFlare: The Ars Technica article recommends, “operators can sign up for a free plan from CloudFlare that automatically blocks login attempts that bear the signature of the brute-force attack.” Just remember that, as Mike Isaac points out, CloudFalre itself has been “ringing the alarm bells (while simultaneously pimping the company’s own security services.)” See this post from the CloudFlare blog that raised this issue to the awareness of Goodin and Isaac, and make your own judgement.

A current estimate figures that one in every six sites on the web runs on WordPress. That’s a lot of fodder to make a botnet out of! Don’t let yours be one of the trampled. Make this five-minute fix today.

(VIA. FORBES)

U.S. President Barack Obama delivers remarks on measures to reduce gun violence, in Connecticut

United States puts Japan on notice in currency report


U.S. President Barack Obama delivers remarks on measures to reduce gun violence, in Connecticut

(Reuters) – The Obama administration on Friday put Japan on notice that it was watching its economic policies to ensure they were not aimed at devaluing the yen to gain a competitive advantage.

In a semi-annual report on currency practices of major trade partners, the United States also said China’s currency remained “significantly undervalued,” but again stopped short of labeling the world’s second-biggest economy a currency manipulator.

It has been more than 18 years since the U.S. Treasury has designated any country a manipulator. China was labeled a manipulator between 1992 and 1994.

The U.S. Treasury said it would press Japan to adhere to the commitment it made in February as a member of the Group of Seven and Group of 20 nations to let the market determine exchange rates. The U.S. move followed comments by Japanese officials that suggested they were targeting a weaker yen.

Treasury’s report highlighted statements made by Japanese officials last year who said they wanted to “correct the excessively strong yen,” and also some proposals to ease monetary policy by purchasing foreign bonds.

But since then, Japan has mostly avoided commenting on the yen and has not intervened in currency markets, according to the congressionally-mandated report.

“We will continue to press Japan to adhere to the commitments agreed to in the G7 and G20 … and to refrain from competitive devaluation and targeting its exchange rate for competitive purposes,” the report said.

The Treasury also said it was closely monitoring policies in Japan meant to support the growth of domestic demand. The Bank of Japan launched a massive bond-buying program earlier this month to try to shock the economy out of two decades of stagnation.

The policy has sharply undercut the value of the yen – ending the dollar to another four-year high against the Japanese currency on Thursday – and refueled a debate about competitive devaluations.

YUAN UNDERVALUED, NOT MANIPULATED

The U.S. Treasury also said China did not meet the legal requirements to be deemed a currency manipulator, although Beijing controls the pace at which the yuan can rise by intervening in foreign exchange markets.

The label is largely symbolic, but would require Washington to open discussions with Beijing on adjusting the yuan’s value. Many U.S. lawmakers have accused China of deliberately keeping the yuan undervalued to gain a trade advantage.

As in other reports over the last several years, the analysis on China reflected both the administration’s desire to maintain good relations with its top creditor and an attempt to keep up pressure for changes in China that could benefit the U.S. economy and mollify domestic critics.

Efforts to take a stronger stance on China’s currency moves have also faded due to an increase in the value of the yuan, a big drop in China’s global trade surplus and a rise in labor costs that has made Chinese products less competitive.

The report said China had allowed the yuan to rise 16.2 percent against the dollar in inflation-adjusted terms since June 2010, when China moved off its exchange rate peg.

The yuan, also known as the renminbi, hit a record high against the dollar on Friday as China’s central bank fixed its official midpoint for the currency at the strongest level yet ahead of a Beijing visit by U.S. Secretary of State John Kerry.

“Nonetheless, the available evidence suggests the renminbi remains significantly undervalued, intervention appears to have resumed, and further appreciation of the renminbi against the dollar is warranted,” Treasury said in a statement.

The top Democrat on the U.S. House of Representatives Ways and Means Committee, Sander Levin of Michigan, said “action is long overdue” on what he called serious problem.

“Currency manipulation needs to be addressed in ongoing trade negotiations, especially the Trans-Pacific Partnership talks,” he said in a statement, referring to an 11-nation Asia-Pacific free trade agreement that Japan is moving toward joining.

The United States also said it remains concerned that China’s progress may not last. For example, China’s trade surplus has narrowed not only due to a higher yuan, but also because of weak demand for Chinese exports in advanced economies, suggesting the trend may reverse once the global economy recovers more.

The U.S. Business and Industry Council condemned the currency report, and called on the Obama administration to use tariffs to punish China for manipulating the yuan.

“The Treasury Department’s latest refusal to label China a currency manipulator once again demonstrates President Obama’s deep-seated-indifference to a major, ongoing threat to American manufacturing’s competitiveness, and to the U.S. economy’s return to genuine health,” the Council said in a statement.

As in the previous report, Treasury also kept the pressure on South Korea, urging it to limit foreign exchange intervention except in exceptional circumstances.

South Korea says it intervenes to smooth the volatility of its won currency. But Treasury said it had gone into the market throughout 2012.

(Reporting by Anna Yukhananov; Editing by Tim Ahmann, Leslie Adler and Xavier Briand)

INVESTING AND TAXES SIMPLIFIEDJAPAN

(VIA. Reuters)