Triggertrap fires up an Android app, new dongle for remote photography

Triggertrap

Attention all photo buffs and Android fans: You now have a new option for remote shooting. Triggertrap just released the second version of its mobile dongle (appropriately called the Triggertrap Mobile Dongle v2), with an Android application to to with it.

The dongle's been redesigned, and it's now smaller, faster and supports more cameras. It'll run you $29.99, which isn't bad at all. The Android application costs another $4.99 on top of that -- again, perfectly reasonable. With the app, you get eight options for remote shooting:

  • Cable release
  • Time lapse
  • Bulb ramping timelapse
  • Eased time lapse
  • Distance lapse
  • Star trail mode
  • Long exposure HDR
  • Long exposure HDR time lapse

The app is available now in Google Play.

More: Trigger Trap; Mobile Dongle v2

Source: http://feedproxy.google.com/~r/androidcentral/~3/ksqOAry9v9g/story01.htm

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Love To Hate Cilantro? It's In Your Genes And Maybe, In Your Head

The very sight of this lacy, green herb can cause some people to scream. The great cilantro debate heats up as scientists start pinpointing cilantrophobe genes. Enlarge lion heart vintage/Flickr.com

The very sight of this lacy, green herb can cause some people to scream. The great cilantro debate heats up as scientists start pinpointing cilantrophobe genes.

lion heart vintage/Flickr.com

The very sight of this lacy, green herb can cause some people to scream. The great cilantro debate heats up as scientists start pinpointing cilantrophobe genes.

There's no question that cilantro is a polarizing herb. Some of us heap it onto salsas and soups with gusto while others avoid cilantro because it smells like soap and tastes like crushed bugs.

Some people despise the lacy green herb so much that there's even an I Hate Cilantro website. There, cilantrophobes post haikus expressing their passionate anger and disgust at the leafy green: "Such acrid debris! This passes as seasoning? Socrates' hemlock!" writes user Dubhloaich.

But what separates the cilantro lovers from the haters? Is it hard-wired in our genes, as Harold McGee suggested a few years ago in the New York Times, or can we learn to enjoy cilantro if we associate its flavor with fresh fish tacos or bowls of spicy pho? It's probably not so simple.

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Two studies published this week link the aversion for cilantro with specific genes involved in taste and smell. But, just like the flavors of the herb itself, the findings are nuanced: The genes appear to influence our opinion of cilantro but probably not as much as we initially thought.

Geneticists at 23andMe in California asked about 25,000 people whether they like cilantro or think it smells soapy. When they searched the people's DNA for regions that correlate with a distaste for the herb, a single spot jumped out. And, it sits right next to a cluster of odor-detecting genes, including one that is known to specifically recognize the soapy aromas in cilantro's bouquet. (They'll analyze your genome, too, for $299.)

The authors propose that this odor gene contributes to a person's dislike for cilantro because it increases the herb's soapy smell.

But, "it didn't make a huge a difference in cilantro preference from person to person," Nicholas Eriksson, the lead author on the study, tells The Salt. In fact, their results suggest that a hatred for cilantro has only a small underlying genetic component. He and his team just published their findings on the arXiv.org.

The second study, which was published in the journal Chemical Senses, takes a similar approach. Geneticists from the Monell Chemical Senses Center asked 527 twins whether they thought fresh, chopped cilantro tastes pleasant and smells good.

The scientists pinpointed three more genes that influence our perception of cilantro: Two of the genes are involved with tasting bitter foods and one gene detects pungent compounds, like those in wasabi.

Overall, Eriksson says these studies demonstrate that DNA does shape our opinion of cilantro, but probably not enough that we can't overcome it. "It isn't like your height, that you're stuck with. People can change it," he says.

So is there hope for the extreme cilantrophobes? Maybe.

As Nature reports, McGee offers a strategy for building up an appreciation for the herb: Try a cilantro pesto. Crushing the leaves, he says, releases enzymes that convert the soapy, stinky compounds into more mild aromas. The recipe for the pesto is on the website.

But Julia Child, an avowed cilantro hater, said she would just pick it out and throw it on the floor, Nature reports.

Source: http://www.npr.org/blogs/thesalt/2012/09/14/161057954/love-to-hate-cilantro-its-in-your-genes-and-maybe-in-your-head?ft=1&f=1007

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NY rape suspect eyed in 2002 murder of W.Va. woman

In this undated photo provided by NBC 4 New York, David Albert Mitchell, is shown. New York City Police arrested Mitchell Thursday, Sept. 13, 2012 on charges that he brutally raped a 73-year-old woman in New York?s Central Park on Wednesday, Sept. 12. The woman was found by a bird watcher who found badly beaten near the section of the park known as ?Strawberry Fields,? which was dedicated to the memory of slain Beatle John Lennon. (AP Photo/NBC 4 New York) MANDATORY CREDIT; ONLINE OUT; NO SALES; TV OUT

In this undated photo provided by NBC 4 New York, David Albert Mitchell, is shown. New York City Police arrested Mitchell Thursday, Sept. 13, 2012 on charges that he brutally raped a 73-year-old woman in New York?s Central Park on Wednesday, Sept. 12. The woman was found by a bird watcher who found badly beaten near the section of the park known as ?Strawberry Fields,? which was dedicated to the memory of slain Beatle John Lennon. (AP Photo/NBC 4 New York) MANDATORY CREDIT; ONLINE OUT; NO SALES; TV OUT

MORGANTOWN, W.Va. (AP) ? A drifter accused of brazenly raping an elderly woman in broad daylight in New York's Central Park was a person of interest in a 2002 slaying in his home state of West Virginia, but investigators never had enough evidence to charge him, police said Friday.

David Albert Mitchell, 42, has had run-ins with the law for virtually all of his adult life, and was twice charged with crimes in which the alleged victim was an elderly woman, according to court records and a prosecutor. And an ex-girlfriend says he bragged about killing Barbara Flake in the tiny West Virginia community of Jenkinjones, a tightknit community in an impoverished part of the state's southern coalfields.

West Virginia State Police determined the woman died from a blow to the head when they found her skull two years after she disappeared from her home. But there was never enough information or probable cause to arrest Mitchell, said Sgt. C.F. Kane.

Mitchell's onetime girlfriend, Saretta Mitchell, told The Associated Press that the man once bragged about killing Flake ? a claim she reported to police when Flake's remains were found.

"In a social setting, when there's alcohol involved, he will tell you anything," she said Friday. "He bragged to me and some of our friends at different times that he had murdered two people."

The rape charge against David Mitchell is just his latest brush with the law. Police in New York City say he raped a 73-year-old birdwatcher who took a compromising photo of him. Days earlier, the woman took a photo of Mitchell allegedly fondling himself ? she told police he unsuccessfully tried to take away her camera and demanded she delete the image. That encounter happened more than a week ago.

The birdwatcher told police she was attacked late Wednesday morning in a wooded area near Strawberry Fields, a spot that serves as a memorial to John Lennon and is one of Central Park's busiest sections. Police said the woman picked Mitchell out of a lineup.

In an interview with the New York Post published Thursday, the woman recounted the attack and said she felt enraged. She said she wanted him to be maimed and then sent to prison for life.

Mitchell was arraigned early Friday on charges of first-degree rape, robbery, assault and other charges and ordered held without bail, prosecutors said. A call to his attorney at arraignment was not returned.

Earlier, Mitchell said nothing as he was led from the special victims unit to face charges in court, but he spat at reporters gathered there. He was also charged with threatening a man last month with a knife in the same area of the park.

He told the man, according to investigators: "I have no problem stabbing you as many times as I want and making this circle full of blood."

Court and prison records in Virginia and West Virginia show Mitchell has been in trouble with the law for virtually all of his adult life, with regular stays behind bars.

He was just 18 in January 1989 when he was charged with a rape and murder in McDowell County. Court records show he was acquitted on Feb. 16, 1990.

McDowell County Prosecutor Sid Bell didn't immediately return a phone message Friday. However, he told The Charleston Gazette that the victim in that case was an 86-year-old woman. Bell had been in private practice at the time and was appointed to defend Mitchell.

Mitchell was sentenced in 1990 on a first-degree robbery and attempted robbery in McDowell County, and he escaped for two days while serving that term, West Virginia Division of Corrections spokeswoman Susan Harding said. Mitchell was then convicted in the escape.

Although Mitchell was acquitted of the 1989 murder, Bell said his client was arrested again a few months later, charged with raping another McDowell County woman, this one in her 70s, and stealing her gun. Prosecutors dropped the sexual assault charge in that case under a plea bargain, Bell told the newspaper.

Mitchell was released from prison in February 2000, according to state corrections officials, but incarcerated again in December 2000 on a grand larceny charge. He finished that sentence in 2001.

In Virginia, corrections records show a long list of arrests, but only one prison sentence, for an abduction: Mitchell served eight years, starting in 2003, spokesman Larry Traylor said.

He was indicted in Tazewell County on charges he stole a vehicle and used it to abduct the former girlfriend, Saretta Mitchell, eluded officers and drove while intoxicated. Since David Mitchell's release last year, he's been convicted of violating probation three times.

David Mitchell has "always had psychological issues and emotional problems," Saretta Mitchell said, declining to elaborate on her relationship with him out of fear for her safety.

"We want something to be done so he doesn't hurt anyone else," she said, "but he's done enough damage to the family already."

Wayne Mitchell, 45 and no relation to the suspect, says David Mitchell has terrorized people in his hometown for years, preying on helpless elderly women. Jenkinjones is an isolated town of fewer than 300 people in McDowell County ? a place where about a third of the population lives in poverty, according to U.S. Census figures.

Folks have long wondered how long it would be before he came back. When word spread that he was about to be released from the Virginia prison, people bought guns to protect themselves, Wayne Mitchell said.

"To be honest with you, he needs to be put away for life. He's better off where he's at," he told the AP. "He's dangerous, honey, believe that."

___

Long reported from New York. Associated Press writers contributing to this report were Tom Hays and Kiley Armstrong in New York, and Dena Potter and Steve Szkotak in Richmond, Va.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2012-09-14-Central%20Park-Sex%20Assault%20Report/id-d791e3094ee54e84b0d4a4cfb273916e

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Bill Murray mulls Oscar prospects as Roosevelt

TORONTO (AP) ? Most stars shun the "O word" ? Oscar ? when they might be in the running for an Academy Award, not wanting to jinx their chances or look too eager.

Bill Murray has no problem dissecting Hollywood's highest honors.

A best actor nominee for 2003's "Lost in Translation," Murray could have Oscar prospects again as Franklin Delano Roosevelt in "Hyde Park on the Hudson," a comic drama that played the ongoing Toronto International Film Festival.

Murray won a string of key prizes for "Lost in Translation" leading up to the Oscars, including a Golden Globe, an Independent Spirit Award and honors from many critics groups.

When he lost on Oscar night, it was a lesson not to get your hopes up too high, Murray said in an interview.

"You can't get all ramped up and amped up about this thing all the time," Murray said. "I mean, I got excited about it once, and it was odd. I won all the prizes, I won literally all the prizes all the way up to the last one. And I really thought, well, 'I've just to go get this thing, I'll be right back.'

"And then I didn't win, and I thought, 'Well, that's odd. How odd is that? I'm feeling so odd now.' And I came all dressed up and didn't win. So I'm not going to get all crazy about that."

Murray is a rare comic actor who has evolved into a performer with the depth to create characters that put him into the awards mix with such films as "Rushmore," ''Get Low" and "Broken Flowers."

The former "Saturday Night Live" regular and crazy man of "Ghostbusters," ''Caddyshack" and "Stripes" first dabbled in heavy drama with a 1984 adaptation of W. Somerset Maugham's "The Razor's Edge." Audiences and critics were not kind.

The reaction toughened him up for the inevitable double-takes as people mull the notion: Bill Murray as Franklin Roosevelt?

After "The Razor's Edge," ''I remember a certain famous movie reviewer saying, 'Bill Murray should not be allowed to do anything but comedy,' which I reminded him of at the Cannes Film Festival when I was nominated for an Oscar," Murray said. "Sometimes when you've got a biopic and they go, 'Jerry Lewis will play Albert Einstein' or something, the first thing is, 'No, don't buy it. Not for a second.'"

Murray knows people may have trouble buying him as Roosevelt. But he approached the character with the same thoughts he had when he played writer Hunter S. Thompson in 1980's "Where the Buffalo Roam."

The actor already was friends with Thompson, and when it came time to capture the writer on film, Murray aimed to bring out the writer's brightest qualities.

"I had the feeling of, like, 'I've got to revere the best of this person,'" Murray said. "The same with Roosevelt. I had to revere the best of him."

Murray is a very credible Roosevelt, capturing the grace, humor, subtle tact and homey wisdom of the president as he plays host to the king and queen of Britain, who have come over to seek American support as World War II approaches.

Directed by Roger Michell ("Notting Hill"), "Hyde Park on the Hudson" is told largely through the eyes of Roosevelt's spinster cousin (Laura Linney), a confidant of the president. The film opens in U.S. theaters in December.

Murray's sister had polio, the disease that crippled Roosevelt, so the actor said he had a strong sense of how to play the president's body language as he struggles on crutches, is pushed about in a wheelchair or is curled like a child in the arms of aides who lift him in and out of cars.

Capturing Roosevelt's voice was the bigger challenge. Murray worked with a voice coach to break down the unusual mix of vowel sounds in Roosevelt's speech.

"It's upstate New York, it's a little bit of Dutch in it, because he's Dutch. It almost sounds Scandinavian. They've got kind of an 'oot' and 'aboot' thing, like Minnesota, Wisconsin, in there sometime," Murray said. "It's just an inconsistent voice. It jumps around a little bit, so you had to be kind of flexible with it. I just tried to get as much of it in me as I could."

The intimate film shows Roosevelt in private life, so Murray wasn't called on for any grand oratory.

Though he was ready for some public speaking of his own at the Oscars for "Lost in Translation," Murray has a practical attitude about the value of his awards prospects this time: If he's got Oscar buzz, it will draw audience attention to the film.

"It was OK that I didn't win, and I don't have any hard feelings about it. It was like, 'OK, that was cool, I'm fine. I'm fine with the way my career's gone. I'm happy with it. It's gone great.'

"The great thing about the Oscars that's cool is it means people are going to see your movie. That's really the deal."

Source: http://news.yahoo.com/bill-murray-mulls-oscar-prospects-roosevelt-141728772.html

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Chicago teachers strike: Talks 'at the brink' of deal

Sitthixay Ditthavong / AP

Public school teachers rallying at Chicago's Congress Plaza protest against billionaire Hyatt Hotel mogul Penny Pritzker, who is also a member of the Chicago Board of Education on Thursday.

By NBCChicago.com

The Chicago Teachers Union strike will continue for at least another day, completing a full week that public school students have been kept out of class, NBCChicago.com reported?early?Friday.

However, there appears to be a light at the end of the tunnel to end the city's first strike in 25 years.


Following another marathon day of negotiations, school board President Dave Vitale and Chicago Teachers Union President Karen Lewis emerged separately from the Hilton Chicago at around 1 a.m. Friday and said they were very close to a deal.

"We've got some number-crunching to do overnight and we'll be back here tomorrow to see if we can't finish this up hopefully tomorrow," Vitale said. "I think we've got a general understanding of what we'd like to do if the numbers work."

Lewis said a House of Delegates meeting scheduled for 2 p.m. would go on as scheduled, as the only information those members have is what has been reported in the media.

She said she remained hopeful that students and teachers could return to class on Monday.

Earlier in the day, Chicago Public Schools spokeswoman Becky Carroll said the parties were "at the brink? of getting all the key issues addressed.

theGrio: 'Safe havens' for kids offered during Chicago teachers strike

Carroll said the main sticking points are still the evaluation system and the union's demands that laid-off teachers get top consideration for rehiring.

"We've made many modifications over the last several days to our proposal,'' Carroll said. "We feel that we're there. And at this point, it's in the CTU's hands to bring it to a close."

Under an old proposal, the union estimated that 6,000 teachers could lose their jobs within two years.

'A sense of urgency'
A more recent offer included provisions that would protect tenured teachers from dismissal in the first year of the evaluations.

It also altered categories that teachers can be rated on and added an appeals process. Additionally, evaluations could work on a graduated scale throughout the term of the contract, comprising between 25 and 35 percent of a teacher's total score.

"There's a sense of urgency today,'' said the Rev. Jesse Jackson, who stopped by the hotel where the negotiators were working Thursday and spoke to reporters. A day earlier, he said the two sides were talking past each other.

Read more from NBCChicago.com

Ahead of morning negotiations, Lewis expressed hope the opposing sides could soon resolve their differences.

"Oh, I'm praying, praying, praying. I'm on my knees for that, please," Lewis said. "Yes, I'm hoping for Monday. That would be good for us."

Question at heart of Chicago strike: How do you measure teacher performance?

Thousands of teachers walked off the job Monday after months of negotiations failed to result in a new contract. It's the city's first teacher strike since October 1987.

As teachers plan for another day on the picket lines, CPS extended the hours at its 147 strike-designated "Children First" sites beginning Thursday.

More content from NBCNews.com:

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Source: http://usnews.nbcnews.com/_news/2012/09/14/13853337-chicago-teachers-strike-talks-at-the-brink-of-a-deal?lite

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How 2 b a Totes Hip Gran ? AARP

Posted on 09/14/2012 by Amy Goyer | Multigenerational & Family Issues | Comments

Entertainment | Home & Family | Relationships | Your Life Print

We?re wrapping up Grandparents Week with a look at how to be a hip (dare I say ?cool??) grandparent. This seemed appropriate because National Grandparents Day (the first Sunday after Labor Day) was created largely because of one amazingly hip grandmother, Marian McQuade of West Virginia. She wasn?t a sit-on-your-hands grandma. She advocated for recognizing the significant contributions of grandparents all the way to Washington, D.C. In 1978,Congress passed legislation and President Jimmy Carter signed a presidential proclamation designating the first Sunday after Labor Day as National Grandparents Day. You rock, Marian.

Times have changed since then, and so have grandchildren. So how can grandparents stay hip in a changing world? Here are my tips:

  • Be able to sing all the words to ?Call Me Maybe.? The teen pop song, recorded by Carly Rae Jepson, is indeed a catchy tune. But what has really given it legs are the many lip dub videos that everyone from Katy Perry to the U.S. Olympic swim team to Cookie Monster have created in response to Jepson?s music video. Make your own version and your grandkids will be impressed. To inspire you, here?s our AARP ?grand? version?? it makes me grin every time I watch it! You?ll love it too.
  • Yes, Grandma, it IS about the kind of phone you have.? If you don?t have a smartphone, you run the risk of never quite reaching the level of hip-dom your grandchildren will respect. Kids these days know their phones and many are partial to one brand or another. Get with it and get your grandkids to teach you how to use it!

Translation: if you can?t text and use smiley faces appropriately, your grandkids may never communicate with you. How?s that for motivation?!

  • It?s all about the abbrevs.?Abbrev is, well, an abbreviation for the word abbreviation. Get it? From tweens to young adults, many use abbrevs so frequently you?d think it was another language. Totes amaze (i.e. it?s totally amazing.) Be aware that abbrevs are not the same as text acronyms so use appropriately or you?ll be relegated to the non-hip grandparents category. Also, don?t overuse ? more than two per sentence is seer awk.

? ?Here are some of my fave abbrevs:

    • Totes = totally
    • Jeals = jealous
    • Uzhe = usual
    • Ledge = legend
    • Plezh = pleasure
    • Brill = brilliant
    • Seer = seriously
    • Besties = best friends
    • Abs = absolutely
    • Sitch = situation
    • Trubs = trouble
    • Probs = probably
    • Awk = awkward
    • Offish = official
    • Bellig = belligerent
    • Whatevs = whatever
    • Gran = grandmother or grandfather
  • Learn how to dance The Dougie ? OK, just to be clear, we are not advocating the lyrics to the Cali Swag song ?Teach Me How to Dougie,? but let?s face it: pretty much every kid these days knows how to dance The Dougie ? or a version of it. Everybody?s doing it. Even FLOTUS Michelle Obama has been doing the Dougie, so I bet the First Grandma, Marian Robinson, knows how to Dougie! Basically, make like you?re smoothing your hair back, sway side to side ? it?s hard to describe. Get your grandkids to show you how to do it.

? ?But never, ever? do it in front of their friends. Keep it in the fam gran.

  • Know if you?re on Team Peeta or Team Gale??? So, vampires are passe. It?s all about dystopia and archery now. Read The Hunger Games?trilogy and you?ll know what we mean. And if your granddaughter starts naming dolls Katniss, you?ll know why.

What did I miss? Tell me yours in the comments section below!

Follow Amy on Twitter?@amygoyer?and?Facebook.

Source: http://blog.aarp.org/2012/09/14/amy-goyer-cool-grandma-dougie-abbrevs-call-me-maybe/

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That Stupid Ass Expensive iPhone Adapter Won't Support Video and iPod Out (Updated) [Iphone 5]

The iPhone 5 is using the new 'Lightning' port which means we all need to buy dumb, expensive adapters if we want to keep using our old accessories. Unfortunately, those adapters don't support video and iPod out. It's okay, it's not as bad as it sounds. More »


Source: http://feeds.gawker.com/~r/gizmodo/full/~3/1s4bwP0_Yog/that-stupid-ass-expensive-iphone-adapter-wont-support-video-and-ipod-out

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Debt crisis: Greece could get more time for austerity - live

Without the absolute constraint of the second part of the mandate, the first part doesn?t have any disciplinary effect. Every year, the Government could simply delay its plans for fiscal consolidation for a further year.

[...] But it may well be that he attempts to fudge it, by for instance piling more of the consolidation into the next parliament. He must resist this temptation at all costs. The mandate was there to keep him on a frankly not terribly challenging straight and narrow.

[..] If the Chancellor has to cut spending further than planned over the next three years, so be it ? it?s what?s needed for the economy?s long term health anyway.

16.43 European stock markets have closed. The FTSE 100 in London finished up 1.6pc at 5,915.55, while the CAC 40 in Paris closed up 2.1pc at 3,576.0 and the IBEX 35 in Madrid closed up 2.75pc at 8,154.5.

16.36 ECB board member Joerg Asmussen said the risks to the central bank?s economic forecasts remain on the downside:

Opinion The financial market system remains fragile [...] The risks surrounding our economic outlook are clearly tilted to the downside.

?I want to stress there is no time to rest," he added. "It is up first and foremost for governments to do their homework at the national level and the EU level."

16.03 EU press conference: round 2 has started. Watch it live here.

14.59 Be careful what you wish for...

Germany has accepted Mario Draghi's offer (see 09.34) to come to Berlin and explain the ECB's measures to stem the euro crisis - including its bond-buying plan.

The Bundestag's Budget Committee has invited Mr Draghi to testify at a date yet to be set, Beate Hasenjaeger, the panel?s chief of staff, told Bloomberg.

13.55 Meanwhile, Spain will present a new list of reforms to Brussels by the end of the month, according to the country's economy minister.

In a strong hint that a formal request for aid isn't far away, Luis de Guindos told reporters "We will adopt a new set of reforms to boost growth [...] It will be in line with the recommendations of the European Commission".

Madrid has so far resisted austerity conditions that go beyond the EU policy recommendations it is already implementing. Earlier this week, PM Mariano Rajoy insisted that he will not accept outside conditions over a possible bail-out.

Cypriot Finance Minister Vassos Shiarly and Spanish Minister of Economy Luis de Guindos (R) speak in Cyprus on Friday (Photo: AFP).

13.05 Euro-area finance ministers have praised Portugal's commitment to cutting its deficit, and said that its original ?78bn bail-out remained "adequate" for the country's financing needs. In a statement, they said:

Opinion As far as fiscal consolidation is concerned, the Eurogroup takes note that the authorities have continued to rein in expenditure, but have experienced revenue shortfalls resulting from the fast rebalancing of the economy from domestic demand towards exports, which are characterised by a lower tax intensity. In addition, the social security budget came under pressure due to a stronger than expected increase in unemployment and lower social security contributions. On this basis and after having been reassured of the authorities resolve to continue implementing the programme, the Eurogroup welcomes that an agreement between the authorities and the Troika on revised fiscal targets has been reached. The deficit is expected to fall below 3% of GDP in 2014. The public debt to GDP ratio will peak below 124%, remains sustainable, and will be on a firm downward trajectory after 2014.

The Eurogroup will decide if Portugal will receive its next bail-out tranche by October 8.

12.25 Greek finance minister Yannis Stournaras has also told reporters that the possibility of the country getting more breathing space to meet its budget targets is "on the table".

12.05 The leaders take one more question before ending the press conference to conduct "serious business [...] that means lunch," says Mr Juncker.

12.00 Mario Draghi - who has so far remained silent, is asked his first question. Mr Draghi says that he has seen the "first signs of more normal working [in the markets] but we still have a long way to go."

He reminds the press room that all bond buying "needs conditionality - strict and effective conditionality."

11.59 Ms Lagarde says that Greece "has already produced a huge effort, but will have to continue to do so." She adds:

Opinion There are various ways to adjust. Time is one, and that needs to be considered as an option.

11.55 Luxembourg PM Jean-Claude Juncker says that he doesn't think the troika report on Greece will be available until October. "I don?t have the intention to wait until November," he says, "but from a realistic point of view, it will not be possible to take a decision until the first half of October."

Eurogroup Chairman Jean-Claude Juncker (R), International Monetary Fund (IMF) managing director Christine Lagarde (L), and ECB president Mario Draghi address a news conference in Cyprus on Friday (Photo: EPA).

11.49 Europe's economic A Team are holding a press conference in Cyprus following their meeting this morning.

IMF managing director Christine Lagarde says that the fund welcomes the ECB's decision to create a new bond buying plan.

On talk of granting Greece an extension on implementing its austerity measures, she says it is too early to comment "because we are taking stock of what has been done". "Timing" and "implementation" are both worth considering, she says. "I would not regard one component without the others."

11.20 Europe could become stuck in an economic "quagmire" that sees it suffer the same fate as Japan, according to Gordon Brown.

Writing in a Reuters blog, the former prime minister said that Mario Draghi and the ECB had acted "in the nick of time" to defuse "the market chaos of both a Greek and Spanish crisis". But added:

OpinionSo far so good - but it is not far enough.

The net effect of the intervention is to halt contagion, not to end the recession; to stop disintegration, rather than start a recovery that would reverse Europe's downturn. In the week after the market euphoria at the Bank's decision, private investors, worried about who is first to be repaid in a crisis, are not rushing to return and the ECB still has to address the moral hazard it has created by appearing to guarantee 'last resort' funding to countries still likely to go off track. They will now find it difficult to refuse a country support or to push them into an IMF programme.

Far more worryingly, France is likely to join half of Europe in a double-dip recession. Without European leaders following on with a swift and vigorous effort to seize the initiative to grow their economies, Europe will continue to struggle. Unemployment rates of ten per cent and over appear to be the new normal and the West will continue to drag the entire world economy, including China, down.

[...] As German growth starts to sink to the levels of France, the UK and the euro area, the sense is growing that we are stuck in stagnation for years to come; quagmire is the word that comes to mind.

So the loans offered last week by central bankers will be no more than a band-aid unless followed by a growth plan from the politicians.

10.56 Eurogroup finance ministers have also been discussing the idea of giving Athens "more time" to meet its debt targets.

Austria's finance minister Maria Fekter said ?we will give them the time they need for that but probably not more money?.

The news comes a day after suggestions that Greece would need a third bail-out.

10.36 it looks like eurozone finance ministers have been having fun in Cyprus this morning:

Clockwise from top left: Eurogroup president Jean-Claude Juncker (L) and Irish Finance minister Michael Noonan; French Finance Minister Pierre Moscovici (R) and Spanish counterpart Luis de Guindos; Greek finance minister Ioannis Stournaras (R), EU commissioner for Economic and Monetary Affairs Olli Rehn and IMF Managing Director Christine Lagarde; Mario Draghi (R) with German finance minister Wolfgang Schuble, bottom, ECB board member Jorg Asmussen, and Ms Lagarde.

10.28 Howard Archer at IHS Global Insight comments on today's inflation data:

Quote While the ECB won?t be pleased with the rise back up to 2.6% in Eurozone consumer price inflation in August, the bank will be reassured to see that the increase was driven by a sharp move back up in energy prices and that core inflation actually moderated.

Indeed, the underlying inflationary environment is far from alarming given extended weak economic activity, widespread low capacity utilization and generally muted wage growth amid high and rising Eurozone unemployment. Significantly, latest survey evidence indicates that companies? pricing expectations remain muted.

10.16 Euro-area inflation climbed to an annual rate of 2.6pc in August, from 2.4pc in July, according to Eurostat.

Here's how inflation rates compare across the eurozone. It's worth noting that Germany has the second lowest in the 17-nation bloc:

August's inflation figure confirms Eurostat's flash estimate last month.

09.59 The Bank of Spain data also showed that Spanish banks' net borrowing from the ECB hit a new record of ?388.7bn in August, from ?375.5bn in July.

09.51 Spanish public debt rose to 75.9pc of GDP in the second quarter, from 72.9pc in Q1, according to Bank of Spain data.

Spain's regional debt burden is now 14.2pc of national output (v.13.8pc), with all 18 of the country's autonomous regions seeing their debt to GDP ratios rise in the three months to June. Catalonia is still the country's most indebted region, with debt at 22pc (v.21.2pc) of its regional GDP.

09.38 Mr Draghi defended the ECB's plans, and said that "not taking action would be much more risky". He said:

Quote Overall, we have the risks under control. Not to act would be much more risky. The financial markets need to know that the euro is irreversible.

09.34 Mario Draghi is ready to explain his policies to German MPs if invited to parliament. The ECB president told Germany daily Sueddeutsche Zeitung that an invitation to the Bundestag would be a "good opportunity to explain what we?re doing? and allay German concerns over the threat of inflation.

Mr Draghi also responded to an attack by German MP Alexander Dobrindt, who last month branded Mr Draghi a "counterfeiter" for launching the ECB's bond buying programme.

"I think Mr Dobrindt will change his mind when he sees the results," said Mr Draghi. "Fund managers are putting their money back into Europe, which is good for the economy."

09.16 Spanish and Italian borrowing costs are flat this morning. Italian 10-year yields are still trading below 5pc, at 4.963pc, while the Spanish equivalent is trading at 5.570pc.

09.13 The Bernanke rally continues this morning. The FTSE 100 in London is up 1.5pc at 5,906.58, while the IBEX 35 in Madrid has risen 2.3pc to 8,112.60 and Frankfurt's DAX is up 1.5pc at 7,420.10.

In Asia, the Hang Seng index in Hong Kong closed up 2.8pc at 20,611.22, while Japan's Nikkei 225 closed up 1.8pc at 9,159.39.

09.03 On Wednesday, Michel Barnier, the EU's commissioner for internal markets and services, said it would not be a "serious approach" to expect the ECB to supervise all banks by early next year. Instead, the supervisor would "go and look at certain aspects of a given bank which may pose a risk," with the biggest banks monitored on a regular basis.

However, as Bruno highlighted on Thursday, the paper argues that limiting the banking union could lead to "gaming behaviour and other distortions":

Quote ...seeking to limit the banking union merely to the largest banks, or cross border banks could lead to gaming behaviour and other distortions. There is also ample precedent to suggest that it is not only the largest banks that may cause systemic instability. The examples of the Spanish Cajas and German Landesbanks illustrate the fact that small and medium-sized banks may in aggregate pose significant risks to Euro area financial stability, and medium sized institutions may do so individually in times of stress.

Mr Barnier said on Wednesday that he hoped a supervisor for all eurozone banks will be up and running by mid-2014.

08.46 Bruno has also obtained a confidential paper written by UK Treasury officials that will form the basis for George Osborne's talks in Cyprus today on ECB supervision and banking union (you can read his original story here).

The paper addresses a wide range of issues, from the Bank of England's role to the very important question of whose job it would be to appear on TV in the event of a major crisis. You can read the document in full here (click on the link below to see a larger version):

Eurozone Banking Union

08.39 Our Brussels correspondent Bruno Waterfield highlights the dilemma that Spain faces:

Spain is being pulled two ways.

France, heavily exposed to southern European banking risk, is pushing it hard to take a bailout, along with the politically toxic conditions that are attached.

Italy too is seeking the safety of persuading Spain to take a bailout, insulating Rome from risk.

Germany, its eyes on the purse strings and public hostility to more bailouts, is pulling the other way.

Berlin is not convinced that throwing more cheap credit at Spain's burst asset bubble is the answer and knows that the Spanish bailout with open the doors for northern European taxpayers to become directly exposed to bad banks, starting with the Cajas.

08.32 Meanwhile, Wolfgang Schaeuble, Germany's economy minister, has said that concerns about the country's "unlimited" exposure to the eurozone's permanent bail-out fund and ECB bond buying plan are unfounded. Mr Schaeuble said that he had "confidence in the ECB".

08.02 James Nixon at at Societe Generale predicts Spain will miss its deficit target this year, and highlights the burden that Madrid has put on the country's autonomous regions, which will have to find nearly three-quarters of this year?s cuts:

Quote Spain?s two-year bond yield has fallen back below 3%, raising hopes within the government that perhaps the mere threat of ECB intervention will be enough to ensure Spain?s continued market access. We remain sceptical and believe the government may be on course to miss this year?s fiscal targets. Similar to last year, the biggest overshot of these targets is likely to come from the regions, but this simply reflects the inelastic nature of their expenditures and the central government?s unrealistic attempts to foist the bulk of the fiscal adjustment onto the shoulders of the autonomous regions. This looks set to backfire once the full extent of the regions? borrowing needs becomes apparent, and may still force the government to seek a rescue facility. However, we believe the Spanish government has enough incentive to postpone such a decision until after the regional elections in Galicia and the Basque Country on 21 October.

07.52 As for Spain, its economy minister is remaining tight-lipped this morning. Luis de Guindos told reporters that although today's talks would focus on the finers of the ECB's bond buying programme, they would not look specifically at Spain. Well, of course not. He said:

Quote The fundamental question here is to establish the conditions under which there could be an intervention of the ECB on the secondary market. I believe that's what we will do today, although it will be in a generic way and not directly in relation to Spain.

Spain's Economy Minister Luis de Guindos reacts to the media before an informal meeting of eurozone finance ministers in Cyprus on Friday (Photo: AP).

07.42 Across the Atlantic, the focus has been on Spain this morning, as eurozone finance ministers gather in Cyprus to discuss the country's aid requirements.

Irish finance minister Michael Noonan called on Spain to "set out their position" on ECB aid, while Dutch finance minister Jan Kees de Jager said the country should "show markets its commitment and determination to reform".

07.39 Ben Bernanke pulled out all the stops yesterday, announcing that the Federal Reserve in America would print $40bn a month until the country's job market improves "substantially". Richard Blackden reports:

In addition to the new purchases, officials said they will continue with their current round of stimulus, known as "Operation Twist", until the end of the year and also pledged to keep interest rates at record low levels until the summer of 2015. With the Presidential election less than two months away, most thought this month's meeting was the last remaining one in which the Fed could act without being drawn further into politics.

However, the Fed's action drew criticism from some quarters of the Republican party, who argue that QE has proved ineffective and is debasing the dollar.

"Open-ended purchases of mortgage-backed securities will politicise the Fed and add substantially to its balance sheet risks, but it will not help our economy's long-term growth prospects," said Bob Corker, a Republican Senator from Tennessee.

Charles Schumer, a Democratic Senator for New York, hit back, arguing that the Fed was only "fulfilling its obligation" to help bring down the unemployment rate.

Federal Reserve Board chariman Ben Bernanke speaks during a news conference on Thursday in Washington (Photo: Getty).

07.35 Good morning and welcome back to our live coverage of the eurozone debt crisis.

Debt crisis live: archive

Source: http://telegraph.feedsportal.com/c/32726/f/568301/s/236d010b/l/0L0Stelegraph0O0Cfinance0Cdebt0Ecrisis0Elive0C95422590CDebt0Ecrisis0EGreece0Ecould0Eget0Emore0Etime0Efor0Eausterity0Elive0Bhtml/story01.htm

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