Video: Take a ?Bite? out of these mini eats

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Obama fortunes improve as Republican rivals argue (Reuters)

WASHINGTON (Reuters) ? President Barack Obama's fortunes rallied on Friday as the U.S. jobless rate eased, his approval rating rose and his Republican rivals battled over harassment claims against presidential hopeful Herman Cain.

Nearly half of Americans now approve of how Obama is doing his job, a Reuters/Ipsos poll showed, and unemployment slipped to 9 percent from 9.1 percent -- good news for the president as he faces a tough 2012 re-election fight with the economy as the key issue.

Rare infighting in the Republican Party, usually known for its unity, also benefits Obama. Cain accused fellow candidate Rick Perry's camp of being behind news reports the former pizza executive faced sexual harassment allegations in the 1990s.

"Obviously Team Obama wants the Republican field as large as possible for as long as possible," Republican strategist Ford O'Connell said. "The more they duke it out, the more ammo Team Obama has going into the general election."

Democrats have stayed out of the harassment controversy, focusing on Obama's job-creation plans and keeping campaign attacks on former Massachusetts Governor Mitt Romney, whom Cain replaced at the top of most polls of Republican voters.

"It's clouding the Republican message right now, so that's got to be good news for Democrats and they are quite wisely being very quiet about it," said David Yepsen, director of the Paul Simon Public Policy Institute at Southern Illinois University.

"Napoleon I think said you never interfere with an enemy in the act of destroying himself."

The Reuters/Ipsos poll showed 49 percent of Americans approve of Obama's job as president, up from 47 percent in an October poll. His disapproval rating was steady at 50 percent.

While low, the number of Americans who believe the country is headed in the right direction also rose, to 25 percent from 21 percent.

"The more confused and weak the Republican contenders look, the better their opponent Obama looks," said Ipsos pollster Julia Clark.

WEAKENING CAIN

The November 2012 presidential election looks to be very close. The Reuters/Ipsos poll showed Obama in a statistical dead heat with Romney if the vote were held today and ahead of Cain and Perry by single-digit margins.

The harassment furor has tarnished the image of Cain, who leads in polls of Republicans nationally and in Iowa, which holds the first 2012 nominating contest on January 3. He has given conflicting accounts of whether women got financial settlements and shouted at reporters seeking answers.

"It's devastating," said Democratic strategist Greg Haas, while cautioning that Obama's team will not want the Republican field to narrow too quickly. "Our side has to watch and see that they don't create a situation where they end it fast."

The controversy is an unwelcome distraction from efforts to find one strong Republican contender, just two months before voting starts in the nomination process.

Longer term, it makes the Republicans look bad and could exhaust resources needed to fight Obama.

"The Republicans are trying to avoid a personal, protracted, difficult fight for the nomination. And this seems to be something that's pouring fuel on a smoldering fire inside the party," said Christopher Arterton, a professor at George Washington University who has been a Democratic consultant.

Cain's campaign said his supporters have rallied, giving at least $1 million in donations as the controversy raged. If supporters remain convinced Cain was treated poorly, and they stay home during the general election, it could benefit Obama.

Cain is a favorite of the Republican Party's conservative Tea Party wing, which has not embraced Romney.

Arterton said Cain's supporters could decide not to vote or could back him in a third-party campaign if things stay ugly.

"If Cain's polls go down and his people get very bitter about this, I think you could see the possibility of their deciding that they would mount a campaign in the fall," he said.

(Editing by Alistair Bell and John O'Callaghan)

Source: http://us.rd.yahoo.com/dailynews/rss/obama/*http%3A//news.yahoo.com/s/nm/20111104/pl_nm/us_usa_campaign_cain_obama

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Here?s The First GTA:V Trailer And It?s Spectacular

Rockstar Games just released the first trailer for the upcoming GTA V game and it's good to be home. Grand Theft Auto V is living large back in the beautiful state of San Andreas. The big city of Los Santos, the lovely ladies, and the fast cars -- it's all there. The game still doesn't have a release date but don't expect it this year. However, there will likely be a steady stream of trailers, teasers and random marketing until it's hyped to unreasonable levels.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/NTiksVo4fII/

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This 47" Refurbished LG LED HDTV Is Your I-Hope-This-TV-Works Deal of the Day [Dealzmodo]

I like the new-car smell of electronics more than the new-car smell of cars. Why anyone would want to buy something refurbished is beyond me. It's a crapshoot. A russian roulette of fried circuit boards and non-working wires. Spin and shoot and leave it up to fate. Seriously, you have no Idea what you might get. Refurbished could mean scratches! Dents! Or? IT MIGHT NOT EVEN WORK. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/pKLvTNJMlco/this-47-refurbished-lg-led-hdtv-is-your-i+hope+this+tv+works-deal-of-the-day

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Video: Where the Markets Are Headed

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Source: http://www.msnbc.msn.com/id/21134540/vp/45114960#45114960

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ASUS' Eee Pad plans: Transformer Prime landing November 9th, two Win 8 tablets coming in 2012

The Transformer Prime, with its quad-core silicon and tasty OS, has rightfully garnered much attention lately. A PowerPoint deck detailing ASUS' Q3 earnings now gives us a peek at its Eee Pad strategy -- confirming the aforementioned Prime's November 9th release date, while also promising two more bot-powered slates in the first quarter of 2012. Of course, ASUS isn't putting all of its eggs in the Android basket, as the same slide reveals that the Taiwanese firm will be getting its first two Windows 8 tablets to market by this time next year. So it seems that there will be an Eee Pad for all, whether you're from Redmond or Mountain View. No need to shove, fellas, there's room at ASUS' tablet table for everybody.

ASUS' Eee Pad plans: Transformer Prime landing November 9th, two Win 8 tablets coming in 2012 originally appeared on Engadget on Mon, 31 Oct 2011 13:36:00 EDT. Please see our terms for use of feeds.

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China PMI in surprise fall, lowest since 2009 (Reuters)

BEIJING (Reuters) ? China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.

China's official purchasing managers' index (PMI) fell to 50.4 in October from 51.2 in September, countering expectations for a rise. The National Bureau of Statistics blamed the drop on weak European and U.S. economies.

A private-sector PMI though set a different direction, rising in October to 51.0 from 49.9 in September, the index's first rise above 50 that demarcates contraction from expansion since June.

Taken together, the PMIs backed the consensus view that Chinese interest rates will remain on hold as Beijing balances a need to tackle inflation with concerns that growth is slowing down.

Instead, more fine-tuning via a policy of so-called selective easing to help specific sectors of industry may be in the pipeline.

"All these signs may give Beijing good reason to adopt kind of selective easing in the monetary policy in the coming months," Tang Jianwei, an economist at Bank of Communications in Shanghai, said.

"We expect the central bank may opt for net injection in the money market operations and may loosen some bank loan curbs in the months ahead. There is also a chance of cutting the reserve requirement ratio for banks in the fourth quarter," Tang said.

It's not unusual for the two indexes to deliver divergent results.

China's official PMI, compiled by the China Federation of Logistics and Purchasing (CFLP) for the National Bureau of Statistics, gathers more data from the country's biggest manufacturers.

The private-sector gauge, compiled by UK-based private-sector data specialist Markit in conjunction with HSBC, focuses on the small and medium-sized enterprises that provide around 75 percent of the jobs in China.

Still, the drop in the official PMI to its lowest level since February 2009 rattled the Australian dollar, which fell almost half a cent against the U.S. dollar immediately after the index was released. It also added to bearish sentiment in stock markets.

"The fall of PMI in October points to further economic slowdown in the future," Zhang Liqun, a researcher with the Development Research Centre of the State Council, wrote in the CFLP statement.

That suggests Chinese policymakers will continue on the fine line between battling inflation and supporting growth, particularly in small and medium-sized businesses.

Premier Wen Jiabao has maintained tackling inflation is a priority, but in a nod to slowing growth has also said Beijing will "fine-tune" policy if need be.

Indeed, Beijing has already announced measures to support small firms and has intervened in the stock market to prop up banks.

Zhang Zhiwei, chief China economist at Nomura Securities, said the official PMI was not as alarming as it may seem, so there was no need for the central bank to relax macro monetary policies.

"Given the drop of the PMI is mostly driven by seasonality rather than economic weakness, we maintain our view that reserve ratio requirements and interest rates will remain unchanged for the rest of 2011," Zhang wrote in a note to clients.

He said that October's decline in the index of 0.8 point was broadly in line with the historical average decline of 0.9 point, which offsets the fall in the new orders and production components of the official PMI.

EXPORT ORDERS DROP

The official PMI recorded falls across key component parts with new orders, which make up 30 percent of the index, slipping to 50.5 from 51.3 and production -- another 25 percent of the headline number -- easing to 52.3 from 52.7.

New export orders dropped to 48.6 from 50.9.

A moderate rebound in China's PMI in recent months had held out hope that the country's vast factory sector was bottoming out after a soft patch earlier this year, when world demand waned on debt problems in the United States and Europe.

But with Europe -- China's largest export market -- still struggling to resolve its debt problems, many investors believe the Chinese economy faces more gloom than cheer right now.

Still, a fall in the input price sub-index to below 50 for the first time since April 2009 showed that "inflationary pressure in the manufacturing sector has eased and price rises have been brought under initial control," the NBS said.

Input prices showed a sharp 10.4 point fall in the prices sub-index of the PMI to 46.2.

China began tightening monetary policy in October 2010 in a fight to bring down inflation.

Economists say it appears to be working as the consumer price index has eased from a near three-year peak of 6.5 percent in July.

The market consensus is for full-year inflation of 5.5 percent, above the government's official 4 percent target, a Reuters poll shows.

The CFLP said in its statement that it expected China's economy to grow 9.2 percent in 2011. That would imply a further easing of activity in the last quarter of the year after growth slowed in the past three quarters.

(Additional reporting by Aileen Wang; Editing by Ken Wills and Neil Fullick)

Source: http://us.rd.yahoo.com/dailynews/rss/asia/*http%3A//news.yahoo.com/s/nm/20111101/bs_nm/us_china_economy

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