Former Sony exec Phil Harrison takes over for Peter Molyneux at Microsoft (update: confirmed)

Phil Harrison, former head of Sony Worldwide Studios and the man that introduced the world to Playstation Home and gave one of the earliest public demos of the PS3, is heading to Microsoft. Harrison, also a former member of the board at Atari, will be stepping into the shoes recently abandoned by gaming legend Peter Molyneux. While his role at Lionhead was filled by the studio's co-founder Mark Webley, Molyneux's role as head Microsoft's European gaming efforts was left vacant while the company searched for the right fit. The man for the job is apparently Harrison, who is expected to be officially introduced by the Redmond crew later today.

Update: Well, that didn't take long. Check out the PR after the break announcing Harrison's joining of the Interactive Entertainment Business team.

Update 2: Microsoft has reached out to us to clarify that Harrison joining the team is unrelated to Molyneux's departure and there is still a vacancy for Microsoft Studios Europe Creative Director which may be filled with internal talent.

[Image credit: Rob Fahey]

Continue reading Former Sony exec Phil Harrison takes over for Peter Molyneux at Microsoft (update: confirmed)

Former Sony exec Phil Harrison takes over for Peter Molyneux at Microsoft (update: confirmed) originally appeared on Engadget on Tue, 13 Mar 2012 10:25:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/03/13/former-sony-exec-phil-harrison-takes-over-for-peter-molyneux/

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Debt | Biggest Debt Restructuring In History ... - Freedom Debt Relief ...

March 11, 2012 ? 5:49 am

Greece has succeeded in pushing through the biggest sovereign debt restructuring in history, with 85.8 percent of those holding private Greek debt agreeing to join a debt write-off deal, according to the Ministry of Finance in Athens.

The deal cuts Greek debt by around 105 billion ($138.8 billion) ? about half of the country?s private debt ? and clears the way for Greece?s second international bailout package, this one worth 130 billion ($173 billion). European finance ministers said today that they would immediately release the first tranche of the funds, worth35 billion ($46.2 billion).

WhileEuropean leaders welcomed the deal, analysts warn that it only buys Greece a bit of time to address the underlying problems.

?We have achieved an exceptional success,? Greek Finance Minister Evangelos Venizelos told the parliament today. ?I believe everyone will soon realize that this is the only way to keep the country on its feet, and give it the historic second chance that it needs.?

RELATED ?Greek bailout: 5 key conditions set by the EU

EU Monetary Affairs Commissioner Olli Rehn called the terms of the agreement ?very satisfying,? and German Finance Minister Wolfgang Schuble said, Greece was ?not out of the woods yet, but on a good way.?

The deal private investors have agreed to means they will write off 53.5 percent of private debt ? a real loss of 74 percent when the loss in future interest payments is taken into account. The deal also includes a debt swap in which lenders will exchange the rest of the bonds they hold for new ones worth less, have a longer maturity of up to 30 years and pay less interest. The Greek government now plans to legally force the few remaining lenders to sign on to the deal through a so-called Collective Action Clauses (CACs).

The good news out of Athens was overshadowed by the release of Greece?s latest growth figures, which show that the economy shrank by 7.5 percent in the last quarter of 2011. It is this deep recession that worries analysts like Peter Bofinger, an economist at Wrzburg University.

?Greece would have needed a 100 percent haircut, including the public creditors like the European Central Bank,? he says. ?But most of all, Greece needs growth. It needs investment and jobs. Right now I don?t see where these should come from.?

?This is not a time for celebration,? says Constantine Michalos , president of the Athens Chamber of Commerce. ?The deal is a pain relief in the great illness the Greek society has been going through in the last two years.?

Referring to the reaction of financial markets around the globe, which went down after the announcement of the deal and the subsequent use of CACs, Mr. Michalos said that investors still needed to be convinced that Greece was now on an upward trajectory.

?If we can?t convince them, we?ll be back to where we were yesterday in three months? time,? he said.

RELATED ? The Greek debt conundrum, explained

Tags: Debt

Posted in Freedom Debt Relief | No Comments ?

Source: http://freedom-debtrelief.org/debt-biggest-debt-restructuring-in-history-buys-greece-only-a-bit-of-time/

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JAPAN DATA: More from machinery orders data from the.

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Home / All, Mkt News / JAPAN DATA: More from machinery orders data from the.

JAPAN DATA: More from machinery orders data from the Cabinet Office:
? Japan Jan Core Machine Orders Post 1st M/M Rise in 2 Months
? Japan Govt Repeats View: Machine Orders Are Fluctuating
? Japan Jan Core Machinery Orders +5.7% Y/Y Vs Dec +6.3%
? Japan Jan Machine Orders From Overseas +20.1% M/M; Dec +5.6%

Source: http://www.forexlive.com/blog/2012/03/12/japan-data-more-from-machinery-orders-data-from-the/

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Bank of America Auto Loan Bill

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How Do I Make An Offer On An Unlisted Foreclosure? | Rock-n-Roll ...

Q: I?ve been watching a property that was in short sale for some time. Recently, through a website that sells foreclosure info subscriptions, I?ve become aware that the property has been repossessed by the bank and that the foreclosure is complete. I am not a member of this website, as it is a pay to subscribe site. How do I find out who to engage about inspecting the property and making an offer on this property? Might the last agency who listed the short sale be a place to start? What sort of info should I be asking for? Do you recommend hiring a real estate attorney to represent me? What about a Realtor as a buyer?s agent?
?Airgrabber, Tampa, FL

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Aram Shah is a Realtor? with Florida Capital Realty in Doral, FL.

A: I would suggest using a local Realtor in your area. They should be able to get the information that you need and they will know the minute that property hits the market?maybe even before.

Good luck!
Tesa Noonan is a Realtor? with Coldwell Banker Best Realty in Tehachapi, CA.

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Source: http://rock-n-rollrealestateagent.com/how-do-i-make-an-offer-on-an-unlisted-foreclosure/

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