With BlackBerry 10, there’s no place for home

Research In Motion (RIMM) has a steep hill to climb as it prepares to unveil its next-generation BlackBerry 10 operating system later this month. Launching sleek new BlackBerry 10 handsets that prompt a healthy portion of its current user base to upgrade is of the utmost importance, of course. Just as important, however, is creating a user experience that showcases compelling differentiation and might draw users away from leading smartphone platforms.
[More from BGR: Apple’s next iPhone to reportedly feature larger screen and ‘brand new exterior design’]
Early glimpses at BlackBerry 10 revealed software that attempts to take a fresh look at the smartphone experience in some ways, but after our first look, we wondered if RIM was going far enough with its new OS. Now that we’re just weeks away from the BlackBerry 10 launch event, RIM appears to have started slowly showing users that BlackBerry 10 will, in fact, provide a unique user experience.
[More from BGR: Smooth sailing is over for Apple]
To highlight one example, RIM’s Donny Halliwell recently took to the company’s BlackBerry blog to discuss BlackBerry 10′s take on smartphone navigation. Unlike iOS and Android, RIM’s new platform does not support a home button, which on other platforms would bring the user back to the home screen from anywhere in the OS.
Why exclude the home button? Halliwell says that BlackBerry 10 is all about “moving forward,” not backward.
“In much the same way you multitask with frames on your BlackBerry PlayBook tablet – keeping one frame in front of you while other frames are minimized – you can keep your most-used apps readily available,” Halliwel wrote while explaining RIM’s new “Flow” interface. He says that like all BlackBerry device owners, he was a “long-time user of the U-turn arrow” and upon first picking up a BlackBerry 10 developer device, he had concerns about navigating the device with no home button.
The Flow interface negates the need for a home button in many respects. Like webOS did before it, Flow presents users with a series of minimized windows representing each open application. The result is a UI that lets users easily jump between apps without the need to return to a home screen between steps. Combined with gesture support, RIM may have indeed simplified the smartphone user experience in several key ways.
“If you think about it, the real world pretty much works the same way,” Halliwell wrote. ”Picture yourself preparing to take a walk: You put on your shoes and coat, grab your keys, and go out the door. The point is that you’re always moving forward in a general ritualistic ‘flow’ toward the goal of taking a walk. You don’t put on your shoes then take them off to put your socks on.”
RIM’s first two next-generation smartphones, the BlackBerry Z10 and BlackBerry X10, are expected to be unveiled alongside the BlackBerry 10 OS on January 30th.

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James Franco Does His Best Justin Bieber

We realize there's only so much time one can spend in a day watching new trailers, viral video clips, and shaky cell phone footage of people arguing on live television. This is why every day The Atlantic Wire highlights the videos that truly earn your five minutes (or less) of attention. Today:
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Remember when Justin Bieber was struggling for relevance and James Franco was the super serious, super educated actor destined for greatness? Well, Franco clearly doesn't want you to:
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So what do you do when someone gets their dream wedding ruined by a doomed hot-air balloon ride? Well, if you're the Today show, you make a macabre Wedding Crashers joke:
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Here's perhaps one of the better arguments against that trillion-dollar coin, courtesy of Homer Simpson and company:
And this guy seems pretty down on the squandered opulence of cruise ships:

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Verizon looks beyond mobile phones for increased revenue in coming years

Lowell McAdam, chief executive officer of Verizon Communications (VZ), believes the company can generate hundreds of millions of dollars in additional revenue from its wireless network if it looks beyond smartphones and tablets. The executive notes that Verizon will focus on other areas of business, from healthcare and automobiles to energy management. Utilizing wireless networks beyond mobile devices is expected to be a major theme at this year’s Consumer Electronics Show in Las Vegas, Nevada and in the future. Verizon’s biggest rival, AT&T (T), on Monday announced plans to develop a wireless home security network, for example.
[More from BGR: Corning demonstrates the strength of Gorilla Glass 3 [video]]
“It’s safe to say this is a market potential of billions in the 2020 timeframe,” McAdam said in an interview with Reuters, adding that this should translate into a market with “hundreds of millions of dollars in revenue for a company the size of us.”
[More from BGR: With BlackBerry 10, there’s no place like home]
At the annual technology trade show, McAdam highlighted two examples where company’s wireless network can be used to bolster revenue with nonstandard services. He said that it could allow doctors to remotely treat patients and could also help firefighters navigate a burning building with the use of an infrared camera that has wireless access to its layout.
The executive said that people will be “really surprised” at what the company can do once “the power of the networks is finally going to be able to provide these sort of things.

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US rate on 30-year mortgage hits record 3.83 pct.

WASHINGTON (AP) — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.
Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan ticked down to 3.83 percent. That's the lowest since long-term mortgages began in the 1950s. And it's below the previous record rate of 3.84 percent reached last week.
The 15-year mortgage, a popular option for refinancing, dropped to 3.05 percent, also a record. That's down from last week's previous record of 3.07 percent.
Low mortgage rates haven't done much to boost home sales. Rates have been below 4 percent for all but one week since early December. Yet sales of both previously occupied homes and new homes fell in March.
There have been some positive signs in recent months. January and February made up the best winter for sales of previously occupied homes in five years. And builders are laying plans to construct more homes in 2012 than at any other point in past 3 1/2 years. That suggests some see the housing market slowly starting to turn around.
Still, many would-be buyers can't qualify for loans or afford higher down payments required by banks. Home prices in many cities continue to fall. That has made those who can afford to buy uneasy about entering the market. And for those who are willing to brave the troubled market, many have already taken advantage of lower rates — mortgage rates have been below 5 percent for more than a year now.
Mortgage rates are lower because they tend to track the yield on the 10-year Treasury note. Slower U.S. job growth and uncertainty about how Europe will resolve its debt crisis have led investors to buy more Treasurys, which are considered safe investments. As demand for Treasurys increases, the yield falls.
To calculate the average rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week.
The average rage does not include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for 30-year loans was 0.7 last week, down from 0.8 the previous week. The fee on 15-year loans also was 0.7, unchanged from the previous week.
The average on one-year adjustable rate was 2.73 percent last week, down from 2.7 percent the previous week. The fee on one-year adjustable rate mortgages was 0.5, down from 0.6.

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US rate on 30-year mortgage rises to 3.71 pct.

WASHINGTON (AP) — Average rates on fixed mortgages rose this week, the first increase in seven weeks. But mortgage rates remain near historic lows, boosting prospects for home sales this year.
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan increased to 3.71 percent. That's up from 3.67 percent last week, the lowest since long-term mortgages began in the 1950s.
The average rate on the 15-year mortgage, a popular refinancing option, rose to 2.98 percent. That's up from 2.94 percent last week, also a record low.
The rate on the 30-year loan has been below 4 percent since early December. Low rates are a key reason the housing industry is showing modest signs of a recovery this year.
In April, sales of both previously occupied homes and new homes rose near two-year highs. Builders are gaining more confidence in the market, breaking ground on more homes and requesting more permits to build single-family homes later this year.
Low rates could also provide some help to the economy if more people refinance. When people refinance at lower rates, they pay less interest on their loans and have more money to spend.
Still, the pace of home sales remains well below healthy levels. Economists say it could be years before the market is fully healed.
Many people are still having difficulty qualifying for home loans or can't afford larger down payments required by banks. Some would-be home buyers are holding off because they fear that home prices could keep falling.
The economy is growing only modestly and job creation slowed sharply in April and May. U.S. employers created only 69,000 jobs in May, the fewest in a year.
Mortgage rates have been dropping because they tend to track the yield on the 10-year Treasury note. Uncertainty about how Europe will resolve its debt crisis has led investors to buy more Treasury securities, which are considered safe investments. As demand for Treasurys increase, the yield falls.
To calculate average rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week.
The average does not include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for 30-year loans was 0.7 point, unchanged from last week. The fee for 15-year loans also was unchanged at 0.7 point.
The average rate on one-year adjustable rate mortgages slipped to 2.78 percent from 2.79 percent last week. The fee for one-year adjustable rate loans was 0.5, up from 0.4.

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US fixed mortgage rates fall to new record lows

WASHINGTON (AP) — Fixed U.S. mortgage rates fell again to new record lows, providing prospective buyers with more incentive to brave a modestly recovering housing market.
Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.62 percent. That's down from 3.66 percent last week and the lowest since long-term mortgages began in the 1950s.
The average rate on the 15-year mortgage, a popular refinancing option, slipped to 2.89 percent, below last week's previous record of 2.94 percent.
The rate on the 30-year loan has fallen to or matched record low levels in 10 of the past 11 weeks. And it's been below 4 percent since December.
Cheap mortgages have provided a lift to the long-suffering housing market. Sales of new and previously occupied homes are up from the same time last year. Home prices are rising in most markets. And homebuilders are starting more projects and spending at a faster pace.
The number of people who signed contracts to buy previously occupied homes rose in May, matching the fastest pace in two years, the National Association of Realtors reported last week. That suggests Americans are growing more confident in the market.
Low rates could also provide some help to the economy if more people refinance. When people refinance at lower rates, they pay less interest on their loans and have more money to spend. Many homeowners use the savings on renovations, furniture, appliances and other improvements, which help drive growth.
Still, the pace of home sales remains well below healthy levels. Many people are still having difficulty qualifying for home loans or can't afford larger down payments required by banks.
And the sluggish job market could deter some would-be buyers from making a purchase this year. The U.S. economy created only 69,000 jobs in May, the fewest in a year. The unemployment rate rose to 8.2 percent last month, up from 8.1 percent in April.
The government reports Friday on June employment.
Mortgage rates have been dropping because they tend to track the yield on the 10-year Treasury note. A weaker U.S. economy and uncertainty about how Europe will resolve its debt crisis have led investors to buy more Treasury securities, which are considered safe investments. As demand for Treasurys increase, the yield falls.
To calculate average rates, Freddie Mac surveys lenders across the country on Monday through Wednesday of each week.
The average does not include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for 30-year loans was 0.8 point, up from 0.7 percent last week. The fee for 15-year loans also was 0.7 point, unchanged from the previous week.
The average rate on one-year adjustable rate mortgages fell to 2.68 percent, down from 2.74 percent last week. The fee for one-year adjustable rate loans rose to 0.5 point, up from 0.4 point.
The average rate on five-year adjustable rate mortgages was unchanged at 2.79 percent. The fee stayed at 0.6 point.

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Miller, the man who ushered in free agency, dies at 95

(Reuters) - Marvin Miller, the founding chief of the Major League Baseball Players Association (MLBPA) who changed the landscape of sports by pioneering free agency for players, died on Tuesday at the age of 95, the union said.
Miller, who used the collective bargaining process and some stormy work stoppages to win players the right to become free agency along with vastly improved pensions, health benefits and pay, died at his New York home after a battle with liver cancer, the union said.
"All players - past, present and future - owe a debt of gratitude to Marvin, and his influence transcends baseball," current union head Michael Weiner said in a statement.
"Marvin, without question, is largely responsible for ushering in the modern era of sports, which has resulted in tremendous benefits to players, owners and fans of all sports.
"His legacy will live on forever."
Miller, who led the union from 1966-82, battled the club owners in the courts and at the bargaining table to eliminate MLB's long-standing reserve clause that had made players the property of the team beyond their contracts.
Through his efforts baseball players gained the freedom to sell their services in a virtually unrestricted market after satisfying an initial term of service.
Beginning in 1976, players were able to hit the open market, forever changing the way teams could build their rosters, and the success of the baseball players union fueled collective bargaining advances by unions in other major team sports.
The road to free agency and other changes did not come easily.
During Miller's tenure the players staged short strikes in 1972 and 1980 and a 50-day stoppage during the 1981 season. Owners locked out players for 17 days during spring training in 1976.
"Marvin Miller was a highly accomplished executive and a very influential figure in baseball history," MLB Commissioner Bud Selig said in a statement.
"He made a distinct impact on this sport, which is reflected in the state of the game today, and surely the Major League players of the last half-century have greatly benefited from his contributions."
Miller came to baseball after a career as a labor economist, working first for the National War Labor Relations Board and later for the International Association of Machinists, the United Automobile Workers, and the United Steelworkers.

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Yankees sign relief ace Rivera for another season

NEW YORK (Reuters) - Major League Baseball's all time saves leader Mariano Rivera has signed a one-year contract to return for his 18th season with the New York Yankees, the team said on Friday.
The Panama native tore ligaments in his left knee in May while catching fly balls in the outfield before a game and pitched in only nine games in 2012.
"I didn't want to go out like that," the 43-year-old Rivera said. "I didn't want that to be the last image."
No details were announced, but local media reports said Rivera had signed for $10 million plus incentives.
"It wasn't an easy decision because there's more than just baseball with me. I have to consider my family and the church, too," said Rivera.
"But I feel like we have a great group of guys and a team that can compete for a championship. I'm not just coming back to play. I'm coming back to win."
The right-hander, who has long baffled hitters with the deceptive, late movement on his cut fastball that bears in on left-handed batters, has 608 career saves and won five World Series titles with the Yankees dating back to the 1996 season.
A 12-time American League All-Star, Rivera's 42 postseason saves is the major league record.
His 18 seasons with the club tie him with Yogi Berra, Mickey Mantle and team mate Derek Jeter for the longest tenure at the storied franchise.

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Braves swap starter Hanson for Angels reliever Walden

(Reuters) - The Atlanta Braves borrowed from their starting rotation to boost their bullpen by trading Tommy Hanson to the Los Angeles Angels for hard-throwing reliever Jordan Walden, the Major League Baseball teams said on Friday.
Both young pitchers have shown glimmers of greatness but slipped back last season.
Hanson, 26, who broke into the majors midway through the 2009 season and went 11-4 with a 2.89 ERA, was 13-10 with a 4.48 ERA last season and has struggled to regain his velocity after enduring shoulder and back discomfort during the 2011 season.
Walden, 25, who saved 32 games for the Angels in 2011 along with a 5-5 record and 2.98 ERA, lost his closer's job last season and posted a 3-2 mark with a 3.46 earned run average out of the bullpen.
"As we looked at our young pitching, we felt like we would be able to cover our starting needs," Braves General Manager Frank Wren said. "The area we wanted to reinforce was to put another power arm in our bullpen."

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Kenyan house prices rise in Q3 on interest rate drop

NAIROBI (Reuters) - Kenya's house prices rose by 7.1 percent in the third quarter of 2012 compared to the same period last year, a real estate firm said on Wednesday, as lower mortgage rates on the back of falling interest rates spurred demand for prime real estate.
Housing has been one of Kenya's fastest growing sectors over the last decade, fuelled by a burgeoning middle class with higher disposable incomes. Returns on investments in the sector have easily outpaced those of equities and government securities.
HassConsult, a real estate firm which publishes the only regular property price index in the country, said a reduction in lending rates by commercial banks was expected to spur further growth of the property market and help support an upward movement of house prices.
"The week that the central bank dropped the rates, activity peaked up (September)," said Sakina Hassanali, marketing manager at HassConsult.
"Confidence in the property market has come back ... If the last six weeks are any clue, then the coming (quarter), so long as mortgages continue going down, we are in a better place than we were six months ago."
The central bank has cut its benchmark rate twice since July by a total of 500 basis points to 13 percent, having raised the rate to 18 percent last year to fight double-digit inflation and stabilise the shilling.
Inflation fell to 5.32 percent in September from 6.09 percent previously, having peaked at 20 percent late last year, while the shilling has largely oscillated at 85 to the dollar this year, from a record low of 107 in October last year.
The lending rates in commercial banks have dropped to about 19 percent, from as high as 30 percent earlier in the year, easing the cost of funding for both house developers and buyers.
"Even the psychological satisfaction of (investors) knowing that the rates are coming down, makes (investors) make that buying decision instantly," said Caroline Kariuki, the managing director of The Mortgage Company.
The east African nation of 40 million people has a massive housing shortage with annual demand at 250,000 units per year against a supply of 60,000 units, a World Bank study showed.
Kariuki said a steady rise of diaspora remittances to a record high of $891.1 million in 2011, had boosted development of the real estate sector, while China was singled out as one of the top foreign investors in east Africa's biggest economy.
"... We have seen (Chinese investors) getting financing at very cheap rates for their projects, so you will find that they have became significant players in Kenya," said Kariuki.
China is one of the main players in the construction of Kenya's infrastructure such as roads.

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