Fallout from Facebook IPO showers benefits on all

So you didn’t bunk with Mark Zuckerberg at Harvard, you haven’t spent the past eight years slinging code for a certain social network, and you had zero chance of scoring even a single insider’s share of the hottest IPO ever. Your closest brush with Facebook wealth was a stack of “FarmVille” coins for your bumper asparagus crop.But you still stand to reap rewards from Facebook’s public debut.If you live in the Bay Area, or in California, the Facebook halo will shine on you in the form of huge boosts for the entire technology industry, the local economy, the state’s tax coffers and a host of businesses catering to newly minted Facebook millionaires.”This IPO is a symbol of the much broader income- and wealth-creating effect of technology,” said Stephen Levy, director of the Center for the Continuing Study of the California Economy. “It means that future venture capitalists will be emboldened to invest more broadly because they see from Facebook, LinkedIn, Zynga and all the others that the market for success is back.”And the IPO hardly exists in a vacuum. Silicon Valley is already in a positive upward spiral.”These companies are adding jobs,” Levy said. “With the very strong price appreciation of Google and Apple, and the wealth boom from San Francisco to San Jose, the impact on the economy is enormous. This is much bigger than Facebook employees buying Lamborghinis and houses.”Of course, for folks selling luxury cars and palatial homes, as well as those offering financial advice, building custom mansions, providing household staff, raising funds for charity and selling high-end goods, hordes of nouveaux riches customers is a possible game-changer.Housing prices soarNowhere is that more evident than in real estate.”We’re seeing an unprecedented shock to housing prices in Silicon Valley, especially for more-expensive houses,” said Guy Wolcott, CEO of Sawbuck, an online real estate company. Non-Facebook buyers are eager to get in before they have to bid against that IPO money. “In anticipation of future wealthy competition, people who had been waiting are jumping in and trying to beat the land rush,” he said. “At a certain point it becomes a self-fulfilling prophecy.”The hype was similar when Google went public in 2004. “When all was said and done, it did push prices up, but not astronomically,” said Eric Boyenga of Intero Real Estate in Cupertino. The average price of Silicon Valley homes that went under contract in the two weeks ending May 12 was $1.235 million, up 22 percent from a year ago, Sawbuck said. From Millbrae to Sunnyvale, 216 million-dollar-plus homes went into contract in this period, up 44 percent from the same time last year. Inventory is super-tight. “Sellers have been waiting for the IPO to put their houses on the market,” said Steve Niethammer, a Realtor with Zane MacGregor & Co. in Palo Alto. Facebook insiders who already sold stock on the secondary market are a potent force. Over the past two years, Eric Boyenga and his wife, Janelle, have represented several Facebook executives who paid all cash for multimillion-dollar homes in upscale communities such as Palo Alto (where Zuckerberg lives), Atherton, Woodside and Portola Valley. ‘Off-market’ sales”Privacy was one of their main concerns,” Eric Boyenga said. The sales were done “off market” as the buyers snapped up homes before they were publicly listed, and paid through companies set up to facilitate under-the-radar transactions. “The next-door neighbors and even the sellers don’t know who bought the houses,” he said. Most rank-and-file Facebook employees won’t have access to their newfound wealth until the IPO lockup period expires in several months. Those who want to buy a house sooner need to get creative.

Kristen Wiig Snl: Comedian Bids An Emotional Farewell

Trying her hardest to hold back the tears all night, Kristen Wiig’s SNL days ended as she bid her fondest of farewells to the show she has worked on for the past seven years. During her time on the show she has proved just as popular outside the set of Saturday Nigh Live as on it, appearing in such notable roles in Friends With Kids, Paul, Adventureland and Knocked Up, among other films. She is probably best known outside the show for the Oscar-nominated movie Bridesmaids, which she co-wrote and starred in.Guest host Mick Jagger played the principal at a high school graduation in the show’s final sketch making an example of Wiig, in cap and gown, as “one particular student who is leaving this summer.” The show then went into a series of Rolling Stones classics starting with ‘She’s a Rainbow’ before an ensemble rendition of ‘Ruby Tuesday,’ which features the line; “still I’m gonna miss you.” Fans of the show will distinctively remember Wiig and her time on the show for her portrayal of an almost limitless range of characters on SNL. Such character have included the neurotic attention-seeker Penelope, Kat, half of the musical duo Garth and Kat (alongside Fred Armisen); and such real-life notables as Bjork, Kathie Lee Gifford and former Speaker of the House NANCY PELOSI.

NATO in Chicago

A group associated with the hacker community Anonymous claims to have taken down Chicago’s police department website, and authorities are investigating whether the city of Chicago website was hit as well. As of about 11:10 a.m., the Chicago Police Department website, cityofchicago.org/police, was down along with Chicago’s city website, cityofcity.org. The sites were back up just before 1 p.m. Chicago Police News Affairs said they weren’t aware the sites weren’t working as usual, but Supt. Garry McCarthy confirmed to reporters at noon the sites were indeed down. Chicago’s Office of Emergency Management site, hosted on the city of Chicago site, also would not load and shortly after also went down. In the video statement posted online, the group AntiS3curityOPS claimed they are "actively engaged in actions against the Chicago Police Department." Officials say they continue to investigate. Greetings fellow citizens of the world, we are AntiS3curityOPS. While this has come to no surprise, the NATO protests are already reaching a boiling point. As tonight we have already witnessed the Chicago Police Dept sending out a request for two water cannons deployed on Michigan Avenue, which the protesters briefly were able to close of the street completely. Just a few moments ago we witnessed cops on horses seemingly all too content with the destiny that has turned their hearts cold, trampling over protesters trying to intimidate. And you know what we saw during this? Protesters locking arms and holding their ground. A few had Anonymous masks’ on, a few were girls who looked like they belonged safely off on the sidelines bravely charging cops with shields and on horse. All the while the protesters are chanting “Take those animals off those horses”, drowning out any attempts by the Chicago police to get a word in. Everyone of you are hero’s to us. We are actively engaged in actions against the Chicago Police Deptartment, and encourage anyone to take up the cause and use the AntiS3curityOPS Anonymous banner. For those able, chicagopolice.org should be fired upon as much as possible. We are in your harbor Chicago, and you will not forget us.

Boston Powers, Stephen A. Smith star in SNL web exclusives – Obnoxious Boston Fan – Boston.com

“Boston Powers” is back – and he’s got a new enemy – “Dr. Wicked Evil.” “Saturday Night Live” posted a web-exclusive video featuring the “Catch Phrase Kings of Comedy Tour 3″ that somehow missed the cut in this week’s lackluster (at least when it came to the comedy) season-ending episode. The “Wicked Horny” Powers (Seth Myers), complete in 1960′s-era attire and his Red Sox cap, returned to the Tour’s line-up, which this time includes host Mick Jagger as English comedian Denny “A Bit Weird Innit?” Cumberbatch. Dr. Wicked Evil’s catchphrase: “Go Yankees!” The lone sports-related skit of the week came via a web exclusive video of bombastic TV analyst Stephen A. Smith (Jay Pharoah) offering LeBron James and the Miami Heat some shooting advice while proudly claiming that Mario Chalmers is the father of his child. To close things out, here are our top five sports-themed moments from this past season (well four out of five): Tim Tebow meets Jesus. Didn’t help against the Patriots: Eli Manning stands up for frustrated “Little Brothers” everywhere: Jeremy Lin left everyone going “Lin-sane.” Seems like a million years ago: And here’s another a different kind of Lind-sanity: Finally, the side-effects of steroids don’t always include more home runs: As always, let us know what you think. Post your thoughts here, on our Obnoxious Boston Fan Facebook page or e-mail them to me at . And don’t forget to follow us on Twitter @realOBF. Thanks for reading. Pass the clicker.

KTVN Channel 2 – Reno Tahoe News Weather, Video – Police find anti-tank gun in Colton apartment

COLTON, Calif. (AP) – Authorities found a stolen anti-tank gun in a San Bernardino County apartment after spotting a teenage boy on the building's roof with the weapon. The San Bernardino Sun (bit.ly/K7ltzl ) says the teen ran inside after being spotted Friday evening in Colton. Officers with police dogs entered an apartment and found the anti-tank gun. Military officials confirmed the weapon had been stolen from a military base, but did not say which one. The Sun reports a 13-year-old boy and a 43-year-old man were arrested on suspicion of possession of stolen property and possession of illegal weapons. The man was booked into county jail, the boy into juvenile hall. Police said the anti-tank gun had been fired, but did not say where or when. A BB gun and a replica 9mm handgun were also found in the apartment. Information from: The Sun, sbsun.com Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CANOE — SLAM! Sports – Basketball – NBA Playoffs: Miami Heat feeling a chill

Miami Heat feeling a chillHeat are anything but hot in IndianaBy Frank Zicarelli, QMI Agency Miami’s Dwyane Wade got into a verbal altercation with head coach Erik Spoelstra during Game 3 against the Indiana Pacers. To say the heat is on the Heat would be to state the obvious at a time when it’s so painfully obvious why Miami finds itself in its current predicament. If Miami can’t summon the necessary mental toughness and somehow extract more from a flawed bench, then the consequences of losing to Indiana so soon in the post-season will be deep and pronounced. No one, in the event of a playoff flameout no one had envisioned, will be spared, beginning with head coach Erik Spoelstra, whose altercation during a second-half timeout with Dwyane Wade in Thursday’s Game 3 will resonate well into this off-season. It’ll turn to chief architect Pat Riley, whom many expect will address his beleaguered team before Sunday’s crucial Game 4, all the way down to every player. In the wake of its 94-75 loss, a setback that put Miami in a 2-1 hole, the Heat decided to cancel a scheduled Friday practice, thus insulating the players from the scrutiny, at least for one day. Perhaps the years of carrying his team on his back have finally caught up with Wade — a complete non-factor in Game 3 — whose body is eroding and whose body language speaks to a beaten man. Everyone knew Chris Bosh’s injury absence would be felt, but no one knew just how much the one-time face of the Raptors meant when Roy Hibbert is allowed to turn into Wilt Chamberlain. LeBron James, with so few bigs available, is asked to start at power forward and defend David West. In stretches, James is so good and so athletically gifted that he can guard four positions, but when extended a price is paid and it gets reflected in missed shots and an inability to get to the free-throw line. It’s all-out panic mode with the Heat, a team it believed had learned from last spring’s loss to Dallas in the NBA final, a team with nowhere to turn but inward. When the predictable self-analysis is completed, Miami may not like what it sees and if the end arrives as soon as next week, then expect a makeover that will leave no one exempt. From coaching to execution, rotations, commitment, poise and finish, nothing has gone right for a Heat team that has now lost two in a row. More importantly, and more damning, Miami has lost its way. As bad as it looks going into Sunday’s do-or-die tip, momentum is so fleeting in the post-season that Miami can turn the series around. But so far, there are no signs suggesting a turnaround is possible. “The guys who have been in the playoffs know this is a series,” said Shane Battier, who went 0-for-7 from the field in Game 3, including six shots from beyond the three-point arc. “We can play better, that’s just a matter of fact. “We know if we bring a better effort in Game 4 we have to chance to even the series. It’s all about perspective, but we know we have to play better than this (Thursday’s 94-75 loss).” When Mario Chalmers, who is a decent player, emerges as Miami’s best player, you know the Heat is in trouble. You know Miami is in dire straits when three-point shots aren’t dropping — the team has made five of 42 heaves in the serie. When Indiana is able to outscore Miami by a combined 54-26 in the third quarters of Games 2 and 3, when James and Wade combine for nine turnovers and five free throw attempts, which is precisely what unfolded in Game 3. In a nutshell, Miami is on the ropes. If the Pacers can somehow maintain their level of play and composure, they have a chance to knock out a Heat team no one thought would look so bad, so vulnerable and so prone in coming apart at the seams. “That happens,” Spoelstra said of the blowup with Wade. “Anybody who has been a part of a team, who has been a coach or been a player, you have no idea how often things like that happen. “That was during an emotional part of the game. We were getting our butt kicked. “Dwyane and I have been together a long time. That type of fire is good. That’s the least of our concerns.” Maybe it’s blessing that Miami has a few days to get ready for Sunday, a day that figures to be the most important game this current Heat team has played. BIG BUCKS AWAIT BIG DOG As Roy Hibbert’s stock keeps rising, his projected price tag continues to soar. A restricted free agent this summer, the Pacers aren’t likely to lose the big fella, but Hibbert is going to demand a big contract because some team will make a lucrative offer. For now, Hibbert continues to say all the right things when so much has gone right for Indiana, which takes a 2-1 series lead over Miami into Sunday’s critical Game 4. “I love Indiana,” Hibbert said when free agency was broached. “They took a chance on me when they traded Jermaine O’Neal (to Toronto) and a couple of other guys to get me with the 17th pick. This is the place that I feel I’m very loyal to.” Loyalty has a way of being challenged when money gets involved, but as long as Hibbert continues to play at this level, he’ll have nothing to worry about. In Indiana’s Game 3 win over the Heat, Hibbert had 19 points, pulled down 18 boards and recorded five blocks in helping the home side out-rebound the visitors 52-36. “That’s why he’s an all-star this year,” Indiana native and Pacers guard George Hill said of Hibbert. “He’s a big part of this team, not just scoring but defensively. “His favourite saying is: ‘Send them (opposing players) to Big Dog.’ When we’re in trouble, he’s our bail-out.”

Durant saves best for last in Thunder’s win

LOS ANGELES — With Russell Westbrook and Kevin Durant engineering yet another late comeback, the Oklahoma City Thunder pushed Kobe Bryant to the brink. Just that simple: Thunder forward Kevin Durant takes a shot in front of the Lakers’ Kobe Bryant on Saturday in Los Angeles. Oklahoma City won 103-100. AP Westbrook scored 10 of his 37 points during a stirring fourth-quarter rally, Durant added 31 points and hit the tiebreaking 3-pointer with 13.7 seconds left, and the Thunder seized control of the second-round series with a 103-100 victory over the Los Angeles Lakers in Game 4 on Saturday night. Serge Ibaka scored 14 points and the second-seeded Thunder took a 3-1 series lead with a rally from a 13-point deficit in the final 8 minutes, moving one win away from their second straight trip to the Western Conference finals. “Everybody kept fighting,” Westbrook said. “We all believed in each other. It’s the playoffs. You can’t afford to sit back and wonder about it.” Game 5 is Monday night in Oklahoma City. Oklahoma City improved to 7-1 in the postseason with a tenacious rally on the second night of back-to-back games against the Lakers and Bryant, who scored 38 points but struggled in the fourth quarter of Los Angeles’ fifth loss in seven games. After Durant put the Thunder ahead with his shot-clock-draining 3-pointer, Kobe couldn’t match it with 10 seconds left. The Thunder finished Game 4 on a 22-8 run, punctuated by Durant’s dramatic 3-pointer and two late free throws from James Harden, who had 12 points. “We know no game is over,” Durant said. “We’ve witnessed that before. We play hard every possession and live with the results, and we came out on top.” After sweeping Dallas in the first round, the Thunder are one win away from sending home the NBA’s last two champions. Andrew Bynum had 18 points and nine rebounds for the Lakers, who led 92-81 with 7:45 to play before Westbrook went to work with a furious series of drives to the hoop. The UCLA product scored nine points in just over 2 minutes, and Kendrick Perkins capped the 17-4 run on a putback layup with 1:16 left, putting Oklahoma City up 98-96 with its first lead since the first quarter. After Bryant evened it with two free throws, Westbrook and Pau Gasol traded turnovers, with Durant swiping Gasol’s careless pass before burying a straightaway 3-pointer that silenced Staples Center. The Thunder made 10 of their 15 shots in the final period. “I wish I could sit up here and say how that happened,” Oklahoma City coach Scott Brooks said. “It just happened.” Metta World Peace had 14 points, and Gasol managed just 10 points and five rebounds in the second game of the Lakers’ first back-to-back playoff games in 13 years. A night after the Lakers got back in the series with a late comeback for a 99-96 victory in Game 3, Los Angeles led for most of the night, but couldn’t execute on offense late, struggling for even difficult shots. “We can talk about us offensively, because we had some struggles,” Lakers coach Mike Brown said. “But it comes down to those guys scoring 32 points in the fourth quarter, and I thought they did that very easily. That’s the most disappointing thing.” Spurs 96, Clippers 86 In Los Angeles, nothing was going to rattle the calm, cool and collected Spurs. Not even a 24-point deficit. Tim Duncan scored 19 points, helping engineer a defining 24-0 run in the third quarter, and San Antonio defeated the Clippers to take a commanding 3-0 lead in their second-round playoff series. “We didn’t plan on being down that much,” said Duncan, who at 36 is hungry to win the team’s fifth NBA championship and first since 2006-07. “We stuck with it.” Led by Tony Parker’s 23 points and his defense on an ailing Chris Paul, the Spurs kept running their plays even as Blake Griffin’s early offensive assault buried them in a huge hole. Griffin missed three shots in the first half, when he scored 20 points and carried his team to a 24-point lead despite a left hip injury and struggling with a sprained right knee. “They came out like we expected, very strong. Blake was making crazy shots,” Parker said. “We just took our time. It’s a long game, a very long game. At halftime, we were very calm.” Griffin had 28 points and 16 rebounds, and reserve Mo Williams added 19 points for the Clippers, who face some daunting NBA history heading into Game 4 on Sunday at Staples Center. No team has rallied from a 3-0 deficit to win a series. “If we don’t play with that sense of urgency, it’s not going to be pretty,” Griffin said. The Clippers played a must-win Game 7 in the opening round on the road at Memphis and succeeded. “We have to keep fighting,” Paul said.

Kristen Wiig says goodbye to ‘SNL’

  May 20, 2012 (NEW YORK) — Kristen Wiig got a musical sendoff on the season finale of Saturday Night Live as the popular and versatile cast member made her exit after seven years. In the show’s final sketch, guest host Mick Jagger played the principal at a high school graduation and brought up Wiig, in cap and gown, as “one particular student who is leaving this summer.” She danced in turn with Jagger, cast members and executive producer Lorne Michaels to the tune of the Rolling Stones classic “She’s a Rainbow.” Then the ensemble sang another Stones hit, “Ruby Tuesday,” with its line, “still I’m gonna miss you.” Wiig appeared to be holding back tears. Though NBC had made no prior announcement of her departure, it comes as no surprise. She starred in and co-wrote the hit comedy “Bridesmaids,” and even before that had notable roles in “Friends With Kids,” “Paul,” “Adventureland” and “Knocked Up,” among other films. She has six more in various stages of development. Wiig’s almost limitless range of characters on “SNL” has included neurotic attention-seeker Penelope; Kat, half of the musical duo Garth and Kat (alongside Fred Armisen); and such real-life notables as Bjork, Kathie Lee Gifford and former Speaker of the House Nancy Pelosi. Andy Samberg and Jason Sudeikis have also been reported to be leaving “SNL,” though Michaels recently said any decision on cast changes will wait until the summer. (Copyright ©2012 by The Associated Press. All Rights Reserved.) Get more Entertainment » entertainment

Newark Mayor Cory Booker Breaks Ranks, Hits Obama for Anti-Romney Bain Ad: ‘Stop Attacking Private Equity’

APNewark, N.J. Mayor Cory Booker’s national star has been rising in recent weeks: First it was rescuing his neighbors from a fire, then he spoofed himself alongside N.J. Gov. Chris Christie in a “Seinfeld”-inspired video skit.But Booker, a Democrat and surrogate for the Obama campaign, may just have opened himself up to a new barrage of news coverage: He briefly broke ranks and criticized Obama’s recent attack ad against Mitt Romney.Appearing on NBC’s “Meet the Press,“ Booker said he was ”very uncomfortable” with the ad blasting Romney’s time at Bain Capital, saying he’s “not about to sit here and indict private equity.”“To me, we’re just getting to a ridiculous point in America,” he said. “Especially, I know, I live in a state where pension funds, unions and other people are investing in companies like Bain Capital. If you look at the totality of Bain Capital’s record — they’ve done a lot to support businesses, to grow businesses and this to me, I’m very uncomfortable.”The Republican National Committee quickly seized on Booker’s remarks and highlighted them on its website.Still, Booker‘s attack wasn’t one-sided: He called reports this week about a plan to use Rev. Jeremiah Wright to attack Obama equally reprehensible.“This kind of stuff is nauseating to me on both sides,” he said. “It’s nauseating to the American public. Enough is enough.”“Stop attacking private equity,” he continued. “Stop attacking Jeremiah Wright. This stuff has got to stop, because what it does is it undermines, to me, what this country should be focused on. It’s a distraction from the real issues. It’s either going to be a small campaign about this crap or it’s going to be a big campaign, in my opinion, about the issues that the American public cares about.”Watch below, via NBC:

The Totally Tubular Stanley Cup Favorites

By David RothGetty ImagesDrew Doughty and the Kings have basically been doing this since mid-April.The Los Angeles Kings are good. Good enough to have knocked off the top-seeded Vancouver Canucks in the first round of the playoffs, good enough to claim a 3-0 series lead over the Phoenix Coyotes in the Western Conference finals on Thursday night, good enough to look like contenders for years to come. For the first time in nearly two decades, the Kings have a real shot at hoisting the Stanley Cup. Again: This is the Los Angeles Kings we