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Morning Digest: Asia stocks ring out 2010 with solid gains but dollar dips

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12/31/2010
News Good Morning Omss
LATEST NEWS
Asia stocks ring out 2010 with solid gains but dollar dips
SINGAPORE (Reuters) - Most Asian stock markets looked set on Friday to end the year with solid gains and further advances are expected in 2011, but worries about the sluggish U.S. economy and Europe's festering debt crisis will likely keep investors on edge well into the new year. | Full Article
Floods cover vast area of Australia's northeast
December 31, 2010 03:37 AM ET
SYDNEY (Reuters) - Floodwater rose across a vast area in Australia's northeast on Friday, inundating 22 towns, forcing 200,000 residents out of their homes, and closing a major sugar export port. | Full Article
Wall St futures point to slight rise in shares
December 31, 2010 04:26 AM ET
(Reuters) NEW YORK - Futures for the Dow Jones industrial average, the S&P500 and the Nasdaq 100 are flat to 0.1 percent higher, pointing to a slight rise in equities on Wall Street on Friday. | Full Article
Facebook tops Google as most visited site in U.S.
December 30, 2010 06:34 PM ET
NEW YORK (Reuters) - Facebook surpassed Google for the first time as the most visited website in the United States for most of 2010. | Full Article
More repairs ordered for space shuttle fuel tank
December 31, 2010 01:52 AM ET
CAPE CANAVERAL, Florida (Reuters) - NASA ordered additional repairs to space shuttle Discovery after more cracks were discovered in the ship's fuel tank, but the flight remains targeted for early February, officials said. | Full Article
Tiger Woods still the game's biggest earner despite 2010 woes
December 30, 2010 11:47 PM ET
LOS ANGELES (Reuters) - Tiger Woods has once again ended a calendar year as golf's top earner, despite suffering a pay cut of $48 million after losing his swing and his marriage and failing to win a single tournament. | Full Article
John Mellencamp and wife separate after 20 years
December 30, 2010 08:30 PM ET
LOS ANGELES (Reuters) - In a post-holiday week that has seen several announcements of celebrity couplings, singer John Mellencamp and his wife Elaine have decided to do the opposite and separate. | Full Article
Odd 2010: Sound the vuvuzela for year of the mystic mollusc
December 30, 2010 10:45 AM ET
LONDON (Reuters Life!) - The astounding predictions of an octopus, the perils of "chexting" and the pain of getting around on planes were the laughing matters of 2010. | Full Article
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 Afternoon Edition. Fri 31 Dec 2010


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 Top StoriesMore Top Stories > 

Dire situation: Boats in a flooded street in Emerald

Queenslanders warned of worse to come
Prime Minister Julia Gillard is touring disaster zones in Queensland as the state's flood crisis enters a frightening new phase.

Exploded fuel tanker closes Pacific Highway
A tanker hauling 40,000 litres of fuel has overturned and exploded on the Pacific Highway in northern New South Wales.

Diggers wounded in Afghanistan
Two Australian soldiers have been wounded in Afghanistan.

Early cool change helps SA firefighters
An early cool change has helped firefighters in South Australia to contain about 20 fires today.

Crews contain west Victoria blaze
Fire crews have contained a blaze that burned through 100 hectares of farm land in Western Victoria.


 The DrumMore from The Drum > 

Social networking and the five stages of grieving

Coming to terms with the information age
The one thing we've all gleaned from 2010 is both simple and a bit dizzying: trust no one. Welcome to the middle of the Information Age. Welcome to the world that we all wanted. In January all was sweetness and light and unicorns and rainbows. But in this last week of December we all feel like the shocked survivors of a car smash. It's all a bit too sudden. We haven't had time to process what has just happened, how it has changed everything in our lives. We need the opportunity to pass through the five stages of grieving, starting with denial - where we are just now.

Don't blame the captain
The Ashes weren't lost because of the captain. They've been surrendered because Australian cricket hasn't managed to unearth another Ponting.

It's hip to be square
The '80s belonged to bad hair and new romantics, the '90s to grunge and heroin chic. As another decade bites the dust, we should give this one to the nerds.

The New Thrift: are we over shopping?
We live in interesting times. Despite the retailers wishing and hoping, Christmas Eve and Boxing Day sales were significantly down on previous years. The most recent results suggest the slow retail environment that began in June this year, carried through all the way to Christmas Eve and Boxing Day sales. My suspicion is that what we are seeing is a levelling of consumption and growth. For the time being, we are in a state of "consumption satiation".

Turkey takes the talent
The national gene-pool must have been in a diabolical state before the post-war migration boom, judging by the collective output of fifth-generation Australians on the world's two biggest stages: music and soccer. In music, nearly all our biggest names - from the Easybeats and AC/DC through to the Avalanches - have a strong migrant story. It's no different in football. The tug-of-war over Eran Gulum has been lost to Turkey. Content yourself with the likes of Harry Kewell, Tim Cahill, Mark Schwarzer, Jason Culina and Sasa Ognenovski instead.


 WorldMore World Stories > 

Paula Abdul insists she has a brain
Former American Idol judge Paula Abdul says that being perceived as stupid is one of the most annoying misperceptions people have about her.

Zimbabweans queue ahead of citizenship deadline
Thousands of Zimbabwean migrants in South Africa have been queuing outside government offices to try to legalise their status before a deadline later today.

Diggers wounded in Afghanistan
Two Australian soldiers have been wounded in Afghanistan.


 Science & TechnologyMore Science & Technology Stories > 

Powerful virus attacks Android phones in China
A powerful virus targeting smart phones in China running Google's Android operating system may be the most sophisticated bug to target mobile devices to date, security researchers say.

Online Christmas spending up 13pc in US
A survey shows Americans have clicked up a record $30 billion in online holiday sales in 2010, a jump of 13 per cent from a year ago.

Argentine military to record UFO sightings
The Argentine air force has created a commission to record and investigate reports of unidentified flying objects (UFOs) in the country's airspace.


 EnvironmentMore Environment Stories > 

Rain swells mouse numbers
A pest controller in Alice Springs says recent rain is to blame for a big increase in the town's mice numbers.

Murchison River reopened for commerce
The Murchison River in Kalbarri has been reopened to commercial boats after flood waters, strong currents and floating debris forced its closure on Boxing Day.

Surf rescues prompt renewed warnings to swimmers
The recent warm, sunny weather has seen huge crowds on Mid North Coast beaches, prompting a renewed warning from lifeguards for people to swim in patrolled areas.



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CNN Breaking News

-- Stanford women's basketball team defeats UConn 71-59, snapping Huskies' 90-game win streak.

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Battlemodo: The Best Point-and-Shoot Cameras

By matt buchanan

Battlemodo: The Best Point-and-Shoot Cameras

Battlemodo: The Best Point-and-Shoot CamerasThere are approximately 4 bazillion point-and-shoot camera models on the market. Mostly, borderline disposable—yet the $400 S95 was Amazon's best-selling camera 'til they ran out. Clearly, people want a better camera. These three are the best.

Canon's S95, Nikon's P7000 and Panasonic's Lumix LX5 are the three best point-and-shoots available—compact cameras aimed at pros or at advanced amateurs who want to step up their game. They sport bigger-than-average image sensors, more fine-grained controls and perks like RAW images.

Canon S95

Battlemodo: The Best Point-and-Shoot Cameras
Battlemodo: The Best Point-and-Shoot Cameras

Canon S95
Price: About $400
When: Now
Sensor: 10-megapixel, 1/1.7-inch CCD
Video: 720p@24fps (H.264)
Lens: 3.8x zoom (28-105mm), f2.0-f4.9
ISO: 80-3200
Display: 3-inch, 461,000 dots

The S95 is everything we loved about the frankly amazing S90—totally pocketable, awesome control ring, fantastic image-quality-to-camera-size ratio, feels great—but now with 720p video. Pictures are still great, and the video's fine, even if we're not blown away by the latter. Photos were the poppiest, warmest and most saturated out of the group (without being unnatural). It's also the easiest to use and most compact of the bunch.

Battlemodo: The Best Point-and-Shoot Cameras

Only around 200 shots per charge at best. The pint size means sacrificing some of the fancier features you'll find on the P7000 and LX5. It also means people with big hands will feel cramped. The old shutter button was bigger and easier to press.

Nikon P7000

Battlemodo: The Best Point-and-Shoot Cameras

Battlemodo: The Best Point-and-Shoot Cameras

Nikon P7000
Price: About $450
When: Now
Sensor: 10-megapixel, 1/1.7-inch CCD
Video: 720p@24fps (H.264)
Lens: 7.1x zoom (28-200mm), f2.8-f5.6
ISO: 100-6400
Display: 3-inch, 921,000 dots

What a fiddly little camera—and I mean that in the best possible way. This is the most "pro" feeling camera of the three. There's a dial (four of them) or button for basically every setting, so you feel like you're in absolute control every single second, without diving into the menu. A viewfinder! Though the screen's so good—double the pixels of the other two—you won't use it. The lens has the best range and the most reach, 7x zoom up to 200mm (or rather, the 35mm equivalent). Pictures seems to have the crispest detail.

Battlemodo: The Best Point-and-Shoot CamerasIt is a bulky mofo. Slower lens is the tradeoff for more zoom. Speaking of slow, the camera's whole software interface can feel getting-a-bill-through-Congress slow. The resemblance it bears to Canon's G12 is uncanny ,and we like rewarding some points for originality. (Or in this case, taking them away for not being so original.) Pictures are the noisiest (at higher ISO settings) and coolest of the bunch. Video is average, at half the bitrate of the S95.

Panasonic Lumix LX5

Battlemodo: The Best Point-and-Shoot Cameras

Battlemodo: The Best Point-and-Shoot Cameras

Panasonic Lumix LX5
Price: About $400
When: Now
Sensor: 10.1-megapixel, 1/1.63-inch CCD
Video: 720p@30ps (AVCHD Lite)
Lens: 3.8x zoom (24-90mm), f2.0-f3.3
ISO: 80-3200
Display: 3-inch, 460,000 dots

This lens beats mad quantities of ass. It's super wide and super fast, all the way through. It's my favorite thing about the LX5, by far. The LX5 handles and feels the best of the three from a hardware standpoint—possibly because it's squarely in the middle on size and number of buttons/dials. There's a crazy amount of control, like multiple aspect ratios, toggled on the lens. It also just looks like a subtle, serious camera. Great photos that seem to thread the middle between the S95 and P7000 on multiple fronts: color saturation, detail and the like.

Battlemodo: The Best Point-and-Shoot Cameras Pain-in-the-ass AVCHD Lite video format. The lens is killer, but having to deal with the giant protrusion lens cap still sucks, when you'd wanna pocket this cam otherwise. Ugliest, confusing software of the group. Also, the worst display—it was harder to compose than on the S95, because it was harder to see colors and tell what was in focus.

Battlemodo: The Best Point-and-Shoot CamerasBattlemodo: The Best Point-and-Shoot CamerasThere's a different reason to love each of these cameras, and every one of them pumps out fantastic, reasonably comparable photos, given their size. The fiddler will dig the P7000's mecha-like assortment of external controls; the lens freak won't be able to stay away from the LX5; and the S95, well—that's our pick for the overall best. If you have no idea which camera you want, and you just want the best that you can shove in your pocket and carry everywhere, there isn't a better choice.

You can check out full-size samples of photos and video right here, and for an even nerdier breakdown of these cameras, check out DPReview's in-depth comparison.

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