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First look at AOL’s earnings: Revenue of $529 million and earnings of 22 cents a share. Wall Street was looking for $527 million and seven cents a share.

The earnings beat is nice for AOL. Not nice: Domestic display sales, a key metric, shrank 1 percent after climbing for several quarters. That’s going to be fresh meat for AOL critics like Starboard Value.

So what happened to domestic? “Domestic display advertising revenue declined primarily reflecting a decline in reserved impressions sold Office 2010 Key, partially offset by growth in reserved inventory pricing and Patch revenue,” AOL’s release says.

Later on in the release, we get a better sense of what may have happened: AOL’s audience is melting away. Traffic to AOL’s own properties is down 4 percent over the last year.

I imagine that Tim Armstrong will tell analysts that the decline isn’t wholly unexpected, because AOL’s dial-up unit Office Visio Key, which still powers the whole operation, continues to shrink — that archaic business lost 14 percent of its subscribers in the last year.

On the other hand, this is a full year since AOL paid $315 million for the Huffington Post (and another $30+ million for TechCrunch, a few months before). I guess Armstrong could argue that things would be worse if he hadn’t bought the new sites, but that’s not very inspiring.

Update: A quick skim through the archives reminds me that shrinkage has been a recurring problem for AOL. The company also posted a 4 percent traffic drop in Q4 2011. And in Q3, traffic was flat. When I asked Armstrong about the issue then, he did indeed argue that the new sites were fighting off the decrease from dial-up users, and also argued that the company was still integrating Arianna and company (work in progress, apparently). He also predicted that traffic would tick up over time, and it has, just a bit — AOL is up to 108 million uniques versus 107 million six months ago. Key question: Does he expect more progress? Should shareholders?

AOL’s call starts at 8 am ET. We’ll see what Armstrong has to say then.

Update: AOL blames the Q1 drop on a number of things, including a specific but unnamed advertiser that stopped spending during the quarter. But Armstrong also tells analysts that his sales team’s pitch wasn’t resonating with advertisers. “A lot of it was because we have had a display strategy that was probably off-tune,” he says, adding “I was not happy with the domestic display.”

AOL says its display problems won’t be fixed this quarter Exchange Server Key, either, and predicts another drop. But it says domestic display will start moving up again in the second half of the year.

Meanwhile, AOL defends its much-maligned Patch unit, by noting that revenues are up and expenses are down at the local-news play this year. Armstrong tells investors that Patch will hit “run rate profitability” by the end of 2013. If they give him that much time.

I’ve been waiting to learn more about the big JP Morgan Chase loss — $2 billion and probably growing when a derivative bet went bad — before writing about it. So after perusing this AMs papers, here are some thoughts:

What happened?

The bank invested in corporate bonds, then bought insurance as a hedge against losses on the bonds. The form of these insurance policies are those good old credit default swaps (remember them from the meltdown days?) where JP makes bets with other banks that pay off if the underlying bonds go bad.

Now, here’s where the trouble starts. They then added another level of hedging, essentially selling insurance policies on the first hedge. So now replica watches, if the firms backing the bonds do badly and the bonds default, JP is covered by hedge #1. But under hedge #2, as long as the companies covered by the insurance do well, JP collects insurance premiums from investors betting the other way.

The bet on the second hedge grew so large that other banks recognized that if the economy were to look a bit more shaky, the underlying CDS index could flip and JP could lose big. Remember replica watches, these are derivatives — securities whose value is tied to a price. So for JP to lose money on hedge #2, they don’t have to actually pay out like a real insurance company. They just have to make a wrong bet of the direction of the index.

JP had such large bets of hedge #2, that counterparty banks recognized they would be cornered if the CDS index spiked. And that’s just what happened.

Will JP need another bailout? Are we headed back into another financial recklessness-induced recession?

Though the extent of the losses are not yet know, that’s not likely. JP appears to be handily able to cover the losses. Of course, we should not forget the reason they’re back in the black had a lot to do with $95 billion in bailout funds from the TARP, which they’ve since paid back.

What does this say about financial oversight reform? Would a fully implement Dodd-Frank bill have prevented this loss?

That’s the most interesting part of this. The answer to the second question is not entirely clear, though I think, if the rules were properly implemented and enforced, Dodd-Frank would have prevented this outcome. Hedge #1 would probably be legit but hedge #2 — the one that blew up — looks more like the type of proprietary trading the Volcker rule is intended to block. (The usually careful and reliable Allen Sloan gets this wrong today — the facts of the case and the magnitude of the losses aren’t even known yet and he’s somehow determined that the case proves we don’t need the protection of a Volcker rule.)

It’s also possible that under Dodd-Frank transparency rules regarding derivative positions, market participants and more importantly, regulators at the Federal Reserve, would have seen that one bank — actually one trader at one bank — was getting cornered such that a reversal in the index had the potential to cause sudden and systemically dangerous losses.

But the fundamental truth here is the one known since Adam (Smith replica watches, that is) and amplified by the great financial economist Hy Minsky: humans underprice risk. Their proclivity to do so increases as the business cycle progresses and confidence takes over (remember, JP’s bet was unwound by the fact that the economy wasn’t as strong as they thought). The advent of a global derivatives market with notional trades in the trillions greatly amplifies the risks.

The fact that humans like Jamie Dimon — he who presided over JP’s self-proclaimed “fortress balance sheet” — he who inveighed against financial reform as imposing unnecessary oversight on such skilled risk managers as he and his staff — fall prey to this fundamental truth only underscores the lesson of this episode in financial hubris.

And that is this: financial markets are inherently unstable. They will neither self-correct nor self-regulate. Their instability poses a threat to markets and economies and people across the globe. Therefore, they need to be regulated. That’s not to say that anyone knows the best way to do this yet in order to balance the necessity of oversight with the dynamics of the markets. We don’t know where to set the speed limits. It must be an iterative process.

But we do know they need to be set, and JP’s loss should be taken as a warning that our tendency is to set them too low. And it should be taken as an even bigger warning against positions like that of Gov. Romney that Dodd-Frank should be repealed.

This post originally appeared at Jared Bernstein’s On The Economy blog.

AUGUSTA, Maine — Cash-strapped state governments that are searching every crevice for money have found a new target: computer programs that enable businesses to keep two sets of books simply by plugging a flash drive into their cash registers.

The so-called tax-zapper software lets businesses, especially those that deal mostly in cash, underreport taxable sales and pocket money that should go to the government.

Five states — Florida, Georgia, Maine, Utah and West Virginia — have enacted laws cracking down on the programs, and about a dozen others are considering similar proposals. One expert says states are losing billions of dollars to the software.

“Maine, like all of the other states, has revenues that should be coming in but are not Tattoo Stencil Machine,” said Democratic state Rep. Seth Berry, who sponsored one of the measures. “It’s our job to make sure that everyone’s pulling their weight.”

It’s always been illegal to cheat on taxes, but the new laws are the first to specifically target tax zappers, making it illegal to possess or install any devices designed to falsify a cash register’s electronic records.

The software, which sells for around $500, can be installed directly in registers or through small memory devices that plug into them.

The system works like this: During business hours, cashiers record the true sales and give customers accurate receipts. A log of real sales can also be stored electronically.

But after hours, a memory stick that contains the zapper is inserted to remove a given amount in sales from the day’s receipts Tattoo needles, say, $500. For each altered transaction, the zapper will also re-total and recalculate the receipt. That changes the tax due and produces a second set of books.

Boston University tax law professor Richard Ainsworth, an authority on the issue, estimates that 30 percent of the predominantly cash businesses in the states are using tax zappers.

The programs are most likely to be found in businesses such as restaurants, where cash volumes are heavy, because transactions using credit or debit cards leave a paper trail. Even by nipping off just a few of the actual sales per day, businesses can reap a considerable illegal reward over time, Ainsworth said.

In some cases, restaurants end up with so much extra money they dispose of it by buying produce or by paying employees in cash “under the table,” said Ainsworth. In the latter case, employees sometimes show so little income that they qualify for welfare programs, another burden on states, he said.

The states seem to be awakening to a problem that has been recognized for some time in Europe, Ainsworth said. But the Europeans have a better handle on rooting out cheats because their tax systems are different.

In countries that have value-added taxes — applied to each production phase of a product or service — there’s a more unified, comprehensive analysis of how much money is due to the government.

But in the United States, each state has its own tax system, and governments tend to concentrate enforcement on large companies that pay bigger taxes, Ainsworth said. To catch tax zappers, revenue agents have to visit businesses, often small ones.

“You have to dig,” he said.

Still, there have been successful prosecutions in the United States. Last year in Detroit, a self-employed computer software salesman who sold a program called Journal Sales Remover was sentenced to a day in jail and two years of probation after pleading guilty to conspiracy to defraud the federal government. Authorities said the program was sold to Detroit-area strip clubs.

A $17 million tax fraud case involving zappers was also uncovered in Connecticut, where authorities found suitcases stuffed with cash while investigating a decade-long scheme at a supermarket chain.

In the restaurant industry alone in California, the loss from zappers was estimated at $2.8 billion three years ago, and in New York at $1.7 billion, Ainsworth said.

Honest businesses take a dim view of competitors who cheat and therefore get an unfair advantage, said Jeff Lenard of the National Association of Convenience Stores, whose constituent stores collect $162 billion per year in various taxes.

“It’s about illegal businesses getting a disadvantage over legal businesses,” Lenard said. “I don’t see many law-abiding retailers who would object” to laws aimed at tax zappers.

Meanwhile, Ainsworth has made it a point to share his knowledge about the issue with policymakers. His presentation at a National Conference of State Legislatures gathering last summer in San Antonio called attention to the problem for the first time, said NCSL policy specialist Max Behlke.

Maine was awakened after looking across the international border at how neighboring Quebec has tracked and tried to neutralize zappers. Quebec revenue officials estimate they lost $417 million in revenue from tax fraud by restaurants during the 2007-08 fiscal year, and the province has gone on to prosecute hundreds of zapper users.

Quebec has taken steps to crack down on zappers, including issuing special recorders to document every sale punched into cash registers.

In New York, a series of sting operations in the last couple of years revealed a scheme in which cash register vendors were invited to pitch their equipment to phony restaurants. In most cases, the vendors offered ways for the restaurants to underpay their taxes, Behlke said.

By Ainsworth’s count, at least five other states — New York Tattoo Gun Tattoo Designs, Tennessee, Michigan, Indiana and Oklahoma — have drafted bills addressing tax zappers. Massachusetts, Connecticut and Alabama are among others discussing the measures.

Maine’s law, signed last month by Gov. Paul LePage, makes it illegal to possess or install an “automated sales suppression device or phantom-ware” designed to falsify the electronic records of a cash register. Installation of such software could bring up to five years in jail and a $5,000 fine. Possession is punishable by up to a year in jail and a $2,000 fine.

Behlke expects more states to take the same steps.

Next year, he said, “we’re going to have a huge inundation of these bills.”

Asa Mathat / AllThingsD.com

Five years after investing in Hulu, Providence Equity is getting its return and going home. The private equity group is striking a deal with the rest of Hulu’s owners — Comcast, Disney and News Corp. — that will let it cash out its 10 percent stake.

People familiar with the negotiations tell me that Providence and its fellow investors are pegging Hulu’s value at $2 billion, as Bloomberg reported earlier today. I don’t know if that means Providence will take $200 million, or if it structured a deal that gave it some sort of preferred return over and above its equity stake. (News Corp. also owns this Web site.)

In any case, the real question to answer now is what this means for Jason Kilar and his management team. Kilar and his employees also have a chunk of equity in the company Tattoo Grips, but haven’t been able to get their hands on it because there hasn’t been a “liquidity event.”

So now that there has been one, will Kilar take his payout and leave? There have been a lot of folks, myself included, who assumed he was leaving for a long time — especially during 2011 Tattoo Kits, when he angered his media company owners with a “Jerry Maguire” memo questioning the basic business practices of the TV business, and when Hulu briefly went on the sale block.

But come 2012, Kilar was still there. And starting with his appearance at our D: Dive Into Media conference in January, he’s been loudly extolling Hulu’s virtues and its track record, in a variety of public appearances.

When I talked to Kilar a few months ago Tattoo Supplies sale, I tried to get him to tell me if he was sticking around. Here’s what he said then: “I’m not the kind of guy that dabbles in a lot of things; I tend to go deep. And I’m a big believer in the long term. … It’s highly amusing to read all the stuff that gets written, but all I’d ask … is judge me on my history.”

Which doesn’t really answer the question at all. I’ve asked him and his reps for a more concrete answer today. Not surprisingly, they’re staying quiet.

Here’s that interview again. The part where I confess to being wrong about his exit date is right at the beginning. The part where he won’t talk about his exit date is at the end.

President Obama’s new strategy to curb drug abuse takes the focus off of prison and puts it on treatment.

In the plan released today, the Obama administration says that the “mass incarceration” of nonviolent drug users is an “outdated” policy. Instead, the White House says it is spending resources on preventing people from using drugs in the first place and helping users recover Bandage dresses sale, because “drug addiction is a disease.”

The administration also repeats, to the chagrin of advocates who have for years sought to make marijuana legal, that “legalization of drugs will not be considered.”

Obama’s drug czar, Gil Kerlikowske, told ABC News that Obama is “firm” on not favoring the legalization of illicit drugs, even as the new approach eases up on arrests of people who use drugs.

“I think what it does is reflect the realities of being smart on the drug problem rather than being soft on the drug problem,” Kerlikowske said.

The strategy also seeks to bring attention to the abuse of prescription drugs, not just illegal substances that are brought  across the southern border. Kerlikowske said the administration will educate people on how to “clean out their medicine cabinet” and that it will “crack down on pill mills,” clinics that have sold drugs like Oxycodone.

The strategy aims to cut down on prison costs. Kerlikowske said around $9 billion in the federal budget is spent on domestic law enforcement related to drugs, and the goal is to lower that. But the administration wants to continue spending around $10 billion on prevention and treatment.

“We’re seeing not only alternatives to incarceration, but recognition that treatment for people who are incarcerated and have a drug problem is really critical,” Kerlikowske said.

Since Obama took office Replica Christian Audigier Clothing, he and his drug advisers have sought to do away with the “war on drugs” terminology, arguing that the phrase is used by people who want to make drugs legal. Though the strategy presented today isn’t centered on legalization concerns, it is likely to be the focus in the media and among advocates.

Groups trying to legalize marijuana routinely garner massive support online, pressuring Obama when he takes town-hall questions from Twitter, for example, or when the White House announced an online petition process to evaluate the public’s ideas.

Kerlikowske acknowledged the pressure but wrote it off as the result of a special interest

“The people that are involved in hoping to legalize drugs are very well funded,” he said. “They’re very organized, they have offices, they’re well supported, and with the push of a button, they can get as many signatures as they want, and we see that with a number of other special interest groups, so it’s not surprising.”

Where there’s smoke, there’s fire. So it was natural to expect that, with the debut of the mildly facelifted Fiat Punto Evo and its smoked headlights, we might expect an updated version of the fire-breathing Abarth to go with it. And this Tattoo Supplies, according to reports, is our first look at just such a hot hatch.

A revised fascia isn’t the only change the new Abarth Punto Evo brings to the table. Confirming earlier reports, the new Scorpion will get a bump in power from 155 horsepower to 170, thanks to the use of Fiat’s new MultiAir engine technology. But that’s just the base Abarth. The even hotter EsseEsse model is tipped to have 200 hp on tap, perfect for doing battle with the recently revised Clio Renaultsport 200. The use of Fiat’s new dual-clutch gearbox is also reportedly in the mix, along with some LED lighting.

In a related development Tattoo Supplies, Scottish racing team If Motorsport is reported to be considering bringing the Punto Abarth into the British Touring Car Championship. The adoption of new, low-cost NGTC rules for the 2011 series is the impetus, and if recent competition-spec Abarth machines are anything to go by, the BTCC could have a real thrasher on its hands.

[Source: Cardisiac via rmpgo.com, Autosport]

Even as some flood-ravaged NSW communities start cleaning up Discount Hale Bob Dresses, the worst may be yet be to come for others as rivers continue to rise.

Residents in the flooded central west town of Forbes are bracing for the Lachlan River to peak at 10.65 metres on Thursday night.

About 1000 people have been encouraged to leave their properties and move to evacuation centres nearby.

The State Emergency Service (SES) has issued a similar order for the indigenous settlement of Willow Bend, downstream from Forbes.

In NSW’s southwest, Griffith residents have been told to prepare for the town to be isolated.

“There have been some evacuation orders put out for … areas around Griffith, rather than in Griffith CBD Buy Chanel Dresses, which as far as we know has not been flooded as yet,” an SES spokesman told AAP.

One person was rescued from a car trapped in floodwaters in neighbouring Yenda on Thursday morning.

Meanwhile Replica Herve Leger gown, the clean-up has begun in parts of Wagga Wagga as floodwaters recede.

But an evacuation order remains in place for about 600 people in North Wagga Wagga and Gumly Gumly, which are still covered by around one metre of water.

Floodwater is travelling away from Wagga Wagga down the Murrumbidgee River and threatening areas including Narrandera and Gillenbah.

The SES has issued an evacuation order for all residents in the Gillenbah area.

Another 18 NSW council areas have been declared natural disaster areas, Emergency Services Minister Michael Gallacher announced on Thursday.

It brings to 39 the total number of local government areas eligible for financial support.

“The rain and the flooding continues, and there is hardly an area of NSW that has not been affected at some point,” Mr Gallacher said in a statement.

The latest councils to be declared disaster zones are Albury, Bega Valley, Berrigan, Bland Shire, Carrathool, Conargo, Cootamundra Buy Herve leger strapless, Cowra, Griffith, Hawkesbury, Junee Replica Bandage dresses, Lachlan, Oberon, Palerang, Penrith Discount Christian Audigier Clothes, Shoalhaven, Temora and Tumbarumba.

Eric Rohmer, French New Wave filmmaker and critic, died on Monday at the age of 89. In 2006, Stephen Metcalf assessed the work of the man “who revolutionized nothing; who invented nothing; and who never announced his own genius”—but nevertheless became his favorite filmmaker. The original article is reprinted below.

Back in the mid-’90s, when I still lay DKNY Clothing sale, self-entombed, in grad school, I began to notice a curiously inverted correlation. As the status of the English department declined, its claims on behalf of English poetry inflated. The poets themselves, in the famously provocative phrase of Auden, had always known they make nothing happen. But as interest in literature withered, and along with it interest in literary theory, the two defining camps of lit professors began to aggrandize on poetry’s behalf, often wildly. The theorists attached poetry to worldly power by proclaiming its complicity in the structures of social domination. (Unlike some, I take the argument seriously, enough at least to re-read John Guillory’s Cultural Capital every three or four years, scanning it for chinks in its gleaming armature.) But the humanists went even further. It was no longer enough for Harold Bloom to proclaim Buy Herve Leger v neck, as he once had, that Shakespeare invented the English language—no, Shakespeare had invented “the human” itself! Ay, caramba. What a relief it has been, over the years, to exit the smithy of Harold Bloom’s soul. And what a related pleasure this past week to reacquaint myself with a poetic filmmaker who revolutionized nothing; who invented nothing; and who never announced his own genius, implicitly or otherwise.

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Eric Rohmer has become my favorite filmmaker in just the way that Eric Rohmer would prefer—without my even noticing. Can total unobtrusiveness be a style? Rohmer’s films are only barely films. “I went to the head of television at the time,” Barbet Schroeder, Rohmer’s first producer (now an eminent director in his own right) says in an interview accompanying the new Rohmer box set. “He threw the screenplay on the ground and said, ‘You pick it up. I’m sorry, but this is filmed theater.’” Rohmer was a decade senior to Truffaut, Godard, Chabrol, and the other filmmakers associated with Cahiers du cinéma and the New Wave in France, and he remained unimpressed by the film-cultish emphasis on camera or editing technique. Rohmer’s movies are the founding documents of a school of cinema that, but for a stray film (My Dinner With Andre, You Can Count on Me) or filmmaker (Henry Jaglom, Neil LaBute) Discount Marc Jacobs Dresses, has never come into existence—a talking cinema. “Film took more than thirty years to learn to manage without speech,” Rohmer wrote in 1948, “and so it’s not surprising that after eighteen years it still has not learned to use it.” Apprehensive over its status as a new art form, film had generated its own vocabulary, inward and semi-mystical, of mise en scene, a vocabulary that cut itself off from other cultural antecedents. Rohmer re-sutured it to Pascal and Balzac and Melville and Kant and Moliére, to the writers from the literary and philosophical past he cared for, on the one hand, and to conversation, to simple human speech, on the other. Thus my favorite line of Rohmer dialogue: “Pursuing girls does not estrange one from God,” says Jean-Louis Trintignant in My Night at Maud’s, “any more than pursuing mathematics, for example.”

I have made Rohmer sound grand without intending to. Everything about his genius is, after all, self-effacing and cumulative. No single scene announces his enduring talent, and no lone film (with the possible exception of My Night at Maud’s) is an unalloyed masterpiece. To do him some justice, Criterion has released a handsome box set of his early work, the six films that comprise what Rohmer called the “Six Moral Tales.” The cycle covers Rohmer’s evolution from the all-hands-on-deck guerilla filmmaker of The Baker’s Girl of Monceau to the internationally acclaimed director of Claire’s Knee and Love in the Afternoon. The early films feature three types of people: callow young men from privileged backgrounds who, though forced to make their own way in the professions (they are in law or med school) still have enough of the fils a papa in them to affect the libertine; an elegant woman they idealize; and a semi-anonymous woman from a lower social rung whom they victimize. In The Baker’s Girl of Monceau and Suzanne’s Career, Rohmer sets up the theme that will structure the whole series: A man is tempted away from his beau ideal by an ostensibly inadequate substitute. In this Karen Millen Dresses sale, Rohmer effected a series of sly reversals of the familiar romantic tropes. To Rohmer’s hero, the exalted woman is largely an abstraction, and thus to the audience something of a bore. The scorned woman, the abandoned woman, is in every way more compelling to us—more present, more lifelike, more engaging, only superficially less desirable—even as the hero abuses her, or talks himself out of loving her. In each moral tale, then, we enter into the interior life of the male protagonist, an elaborate house of bullshit constructed to keep life, in the form of a tempting woman, at bay.

Parallel to Rohmer’s evolution as a filmmaker, the Moral Tales chart the development of Rohmer’s tempting women, from the lumpen girl-victims of the earliest films, through the amorous brinksmanship of Francois Fabien of My Night at Maud’s, and finally to the ambiguously man-eating Zouzou, all mandible and lips, of Love in the Afternoon. Along the way, no actual sex is had, until the unheard-of conclusion of Love in the Afternoon, when a man has sex with (cover your eyes) … his wife. Along the way, though, every cranny of the theology of sex is discussed. The most pleasant surprise of the set is La Collectionneuse Karen Millen Dresses sale, which Rohmer filmed on the cheap in the Côte d’Azure while waiting for Jean-Louis Trintignant to free up his schedule. The film is Rohmer’s sun-kissed flip-off to all the Roger Vadim clichés: a young unattainable goddess pursued by a tormented man, and all the Which is worse, capturing her or not capturing her? blah blah that accompanies the genre. Instead, Rohmer gives us Haydée, a terrifically sexy gamine who is rather too easily had. What irritates her would-be pursuers, two art-world poseurs, to the point of outright contempt is that she hasn’t cultivated herself as a mysterious object of enchantment. Having deprived them of this story line, they turn on her and call her a “collector”—that is, they project onto her their own worst qualities as dandies.

The default state of mankind is bullshitting, or the foisting of our self-deceptions onto others. For Rohmer, film was a uniquely apt way of putting this fact before an audience, though he did so without a tincture of contempt, either for the elaborate evasions themselves, some of which, such as Trintignant’s obsession with Pascal, are quite beautiful, or for the animal need being evaded by all the persiflage. Rohmer, a late bloomer, had started out a teacher and a critic, and by the time he ceded his life to making movies, he was well into his 40s. He once described his method this way: “When filming, it’s usually: ‘Camera,’ then ‘Clapper,’ then ‘Action.’ I did the opposite. First I said, ‘Action Emilio Pucci Dresses sale!’ Then if it was going well I tapped the cameraman and he started filming.” He is still a vigorous presence in international film at the age of 86, thanks to a very Rohmerian contradiction: His love of people and ideas has always exceeded any affection he may or may not have for the monomaniacal cult known as “cinema.”

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Honda is recalling some of its previous-generation Odyssey minivans due to potentially faulty gas-filled struts on vehicles equipped with a power rear liftgate. A total of 45 Buy Herve Leger gown,747 vehicles are affected by this recall, all of which are from the 2008 and 2009 model years.

According to the official release from the National Highway Traffic Safety Administration Buy Karen Millen Dresses, the faulty struts in these vehicles are prone to early life failures due to a “manufacturing flaw” (that’s as specific as it gets) Buy Christian Audigier Clothing, an issue that can result in the leak of pressurized gas. These struts aid in opening and closing the power liftgate BCBG Dresses sale, and if there isn’t enough pressurized gas in the strut, performance can be diminished and can lead to unexpected liftgate closure Cheap Karen Millen Dresses, potentially causing an injury.

Honda will notify its owners beginning in mid-March, and dealers will replace both gas struts free of charge. For the full details, follow the jump to read NHTSA’s report.

Road & Track record-breaking Suzuki Kizashi – Click above to watch video after the jump
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You can’t accuse the guys at Road & Track of lacking ambition. The magazine has announced plans to tackle the seemingly impossible by building a Suzuki Kizashi to do battle at Speed Week on the Bonneville Salt Flats. The crew will be shooting for not one Replica Hublot Watches, but two different land speed records. On the low end is the naturally-aspirated gas coupe record which Fake Casio Watches for sale, for some odd reason Replica Patek Philippe Watches, sits at a lowly 103 mph. The plan is to unbolt the factory turbo and run the car as a naturally aspirated machine. That shouldn’t be so much of an issue considering that the stock Kizashi can knock off that kind of speed without so much as turning a wrench under the hood.

The really impressive feat will be seeing whether or not the Kizashi can topple the blown gas coupe category. That record sits at a more respectable 202 mph Replica BMW Watches, which means the Road & Track team will need to work the little Suzuki up to at least 203 mph. To do that Where buy best Replica Casio Watches, the crew turned to Richard Holdener – a man with plenty of experience pulling other worldly speed out of common cars. Hit the jump for a look at the first three in a series of videos about the build.

Related GalleryFirst Drive: 2010 Suzuki Kizashi Sport
Photos by Zach Bowman / Copyright ©2010 AOL

[Source: Road & Track]