GCC and UAE Finance and Investment News: Reduced loans hold ...

UAE credit expansion failed to pick up speed in April as growth in bank lending to the government sector shrank.

Outstanding loans to the private sector reached Dh821 million (US$223.5m) in April, up 2.6 per cent from the same month a year earlier, data released yesterday from the Central Bank's statistical bulletin showed. It was about the same growth rate as the month earlier.

Viewed as less of a credit risk than private businesses, lending to public sector enterprises has been a cornerstone of banks' growth plans since the global financial crisis. But the rate of annual growth eased to 10.5 per cent to reach Dh123.4m in April, sharply down from lending levels in the first quarter.

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Source: http://rupertbumfrey.blogspot.com/2012/09/reduced-loans-hold-back-credit-in-uae.html

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Shocker: Samsung is 'likely to add' the iPhone 5 to its Apple lawsuit

After emitting an appropriate number of yawns and groans, staff at the federal court in San Jose have accepted a document from Samsung's lawyers stating that the manufacturer "anticipates" adding the iPhone 5 to its list of ongoing patent grievances against Apple. Samsung did acknowledge that it needs to "analyze the device" before being certain of its devilry, but it also clearly remains undeterred by that separate billion dollar verdict in Apple's favor. According to the Wall Street Journal, Samsung's latest challenge -- if it goes ahead -- is not expected to affect sales of the new iPhone.

Filed under: Cellphones, Mobile

Shocker: Samsung is 'likely to add' the iPhone 5 to its Apple lawsuit originally appeared on Engadget on Thu, 20 Sep 2012 07:48:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/09/20/samsung-iphone-5-lawsuit/

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Who are Mitt Romney's 47 percent? A breakdown

WASHINGTON (AP) ? Just which 47 percent of Americans was Mitt Romney talking about? It's hard to say. He lumped together three different ways of sorting people in what he's called less-than-elegant remarks.

Each of those three groups ? likely Obama voters, people who get federal benefits and people who don't pay federal income taxes ? contains just under half of all Americans, in the neighborhood of 47 percent at a given moment. There's some overlap, but the three groups are quite distinct.

Confusingly, Romney spoke as if they're made up of the same batch of Americans.

A look at the three groups:

___

OBAMA VOTERS

What Romney said: "There are 47 percent of the people who will vote for the president no matter what."

He's right on the nose, according to the latest Associated Press-GfK poll: Forty-seven percent of likely voters say they support Obama. And 46 percent say they support Romney, essentially a tie. This number fluctuates from poll to poll and week to week and could shift substantially before Election Day.

Who they are:

?Most are employed: Sixty-two percent of the Obama voters work, including the 10 percent working only part time. A fourth are retired. Five percent say they're temporarily unemployed.

?Most earn higher-than-average wages. Fifty-six percent have household incomes above the U.S. median of $50,000. Just 16 percent have incomes below $30,000, and about the same share (20 percent) have incomes of $100,000 or more.

?They're all ages but skew younger than Romney's voters: Twenty percent are senior citizens and 12 percent are under age 30.

?They're more educated than the overall population: Forty-three percent boast four-year college degrees or above; 21 percent topped out with a high school diploma.

___

PEOPLE WHO GET FEDERAL BENEFITS

What Romney said: "There are 47 percent ... who are dependent on government ... who believe they are entitled to health care, to food, to housing, to you name it."

Whether they are dependent and believe they are entitled to anything is arguable, but Romney's statistic is about right ? 49 percent of the U.S. population receive some kind of federal benefits, including Social Security and Medicare, according to the most recent Census Bureau data. Looking only at people who receive benefits that are based on financial need, such as food stamps, the portion is smaller ? just over a third of the population. Many people get more than one type of benefit.

The biggest programs and their percentage of the U.S. population:

?Medicaid: 26 percent

?Social Security: 16 percent

?Food stamps: 16 percent

?Medicare: 15 percent

?Women, Infants and Children food program: 8 percent

___

THOSE WHO PAY NO FEDERAL INCOME TAX

What Romney said: "Forty-seven percent of Americans pay no income tax."

Romney's about on target ? 46 percent of U.S. households paid no federal income tax last year, according to a study by the nonpartisan Tax Policy Center. Most do pay other federal taxes, including Medicare and Social Security withholding. And they're not all poor. Some middle-income and wealthy families escape income tax because of deductions, credits and investment tax preferences.

Why these people don't pay:

?About half don't earn enough money for a household of their size to owe income tax. For example, a family of four earning less than $26,400 wouldn't pay.

?About 22 percent get tax breaks for senior citizens that offset their income.

?About 15 percent get tax breaks for the working poor or low-income parents.

?Almost 3 percent get tax breaks for college tuition or other education expenses.

Who they are:

?The vast majority have below-average earnings: Among all who don't owe, 9 out of 10 make $50,000 or less.

?But some of the wealthy escape taxes, including about 4,000 households earning more than $1 million a year.

___

Associated Press Deputy Polling Director Jennifer Agiesta contributed to this report.

___

Follow Connie Cass on Twitter: http://www.Twitter.com/ConnieCass

Source: http://news.yahoo.com/mitt-romneys-47-percent-breakdown-070451942--election.html

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Apple Rolls Out OS X 10.8.2, Brings Facebook To Mountain Lion

Apple introduced an update to OS X alongside the iOS 6 update today, version 10.8.2. It offers Facebook integration, allowing users to sign in with their Facebook integration at the system level and share links and photos directly from the OS, as well as see Facebook information in the Contacts apps and receive Facebook notifications in Notification Center.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/GxLKotR7K_Q/

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20 TV Shows With the Most Social Media Buzz This Week

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Chael Sonnen still training for Jon Jones, just in case

Chael Sonnen wants a fight with Jon Jones. He talked smack to the light heavyweight champ before Dan Henderson's pre-UFC 151 injury, he stepped up for a fight to try to save UFC 151, and he continued to needle Jones in the wake of UFC 151's cancellation.

Even now, with the fight less than a week away, he continues to train just in case Vitor Belfort pulls out of Saturday's UFC 152 bout. UFC president Dana White told USA Today that Sonnen is in fight camp.

"Chael Sonnen is in full training camp right now," White said. "He's been training since he got offered the Jones fight. He said, 'I'm in full camp right now because Vitor will get hurt and pull out, and it will be Jones vs. Sonnen, anyway."

Bravo, Chael. It's one thing to talk trash about how he will be ready in case Belfort pulls out of the fight with Jones. It's quite another to still train and prepare for a fight that isn't booked. That's not idle trash-talking.

More sports news from the Yahoo! Sports Minute:

Other popular content on Yahoo! Sports:
? Week 2 fantasy standouts: Rookie RB Trent Richardson arrives
? Jay Hart: Brad Keselowski may be Roger Penske's ticket to win elusive Sprint Cup Championship
? Case of the Monday: Virginia Tech and Virginia are reeling after getting shelled by unranked teams.

Source: http://sports.yahoo.com/blogs/mma-cagewriter/chael-sonnen-still-training-jon-jones-just-case-132719540--mma.html

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