Capitol Hill food+drink | Montreal-inspired Resto debuts, Li'l Molly ...

Got a tip? Undergoing?renovation? Let us know.

When last we spoke with the couple behind Montreal-inspired cafe project Resto, the duo ?was hard at work overhauling the former home of the Thomas Street Bistro into a new, more open but still tiny restaurant space. On Monday, Johanna Robinson and Jang Cho opened the rebuilt space for its first day of business.

?Our doors are open,? Robinson said Tuesday as she and Cho enjoyed the midday halftime currently built into Resto?s limited opening schedule. And, to be accurate, the space is still so small it only has one door.

?It feels nice and open so it?s kind of a dinner theater situation,? Robinson said of the new set-up inside the tiny cafe.

To get their bearings, Resto is currently open on a weekday breakfast and dinner schedule ? with no weekend service. You can stop by from 7 to 9:30 AM for breakfasts including dashi and eggs and toast. Dinner for their second night of business will include?grilled razor clams with house chimchuri and mussels in miso cream broth.

The menu is tilted toward keeping prices low ? to splurge, you?ll have to reach for the $24 tenderloin. Hours and the menu are a work in progress ? expect changes as the business settles in to a location that should give them time enough to work it out. There?s also no web site or Facebook page to point you to yet.

Meanwhile, Hill residents from beyond the Summit Slope may be making more treks along the grade ? Chico Madrid opened last week on Bellevue Ave.

The first night at Summit and Thomas went well enough, Robinson said.

?It was awesome,? Robinson said. ?Just the right amount came in.?

She and Cho are ready for a busier week as word of the opening spreads along Summit Ave.

Food+Drink Notes:

• Also now open on Capitol Hill: Cintli Latin Folklore adds its colors to Broadway.
• Just face it. B&O is not coming back from Ballard.
• The Capitol Hill-Ballard continuum is nearly complete, however. Coming soon: a new Li?l Woody?s/Molly Moon?s joint venture:

Two of Seattle?s favorite food addictions are moving into the space most recently occupied by Zak?s Burgers on Market Street in Ballard. Li?l Woody?s Burgers and?Molly?Moon?s Ice Cream will occupy the spot next to the Majestic Bay Theatre. Opening before Summer, this amazing food duo is a much anticipated addition to Ballard?s lively food scene.

Li?l Woody?s is currently located on Capital Hill, a hotspot for Hill regulars and visitors alike. Recently featured on the Travel Channel, Li?l Woody?s has received such accolades as winner of 2013?s Seattle Weekly Burger Battle; Seattle Magazine Best Burger (readers choice) 2012; and is a favorite spot for local artists and musicians (Macklemore, The Cave Singers) to create their own ?signature burgers? (Heist Burger and People?s Burger, respectively). Ballard will be the second location for Li?l Woody?s.

?Ballard is just the perfect fit for a Li?l Woody?s,? says Marcus Lalario, owner of the award-winning burger place. ?The unique combination of families and nightlife is the ideal spot for our delicious food? we are super excited to be a part of this neighborhood.?

Unique to the Ballard location,?Molly?Moon?s will also offer full-service ice cream on site. The ice cream queen currently scoops up Seattle?s favorite flavors in four neighborhoods ? Wallingford, Capitol Hill, Madrona and Queen Anne.? Her locally sourced and seasonally rotating menu includes the ever-popular Salted Caramel, Melted Chocolate, and Scout Mint ?always? flavors as well as monthly creations with northwest ingredients like Strawberry Rhubarb and Rainier Cherry Chunk.

?We?ve been getting emails from Ballard-ites for YEARS asking for a?Molly?Moon?s of their very own.,? said?Moon, who also recently celebrated the birth of her baby girl.

• No plans, yet, for a Ballard Canterbury?? but Capitol Hill Housing is going all out for its plan to replace the venerable 15th Ave E bar.
• Rachel Marshall, the power behind Rachel?s Ginger Beer and E Olive Way watering hole Montana, has chosen Pike Place Market for the home of her ginger beer bar.
• You can help out the annual Dining Out for Life fundraiser by signing up to be an ambassador at a Capitol Hill restaurant.
• Work on E PIke?s Capitol Hill Cider progresses. We updated you on the project last here.

  (Image: Capitol Hill Cider)

• Also opening soon, Lost Lake 24-hour diner. And they?re hiring. ?End of April,? Facebook says.
• Skillet Diner was closed? for work on a new patio. Patio season is upon us. CHS also saw a permit for Fogon to add seats at E Pine and Belmont.
• No renovations here that we know about but from the ?old news? file, open-every-day-in-its-life Liberty started serving its sushi for lunch earlier this year. You can stop by the bar during its daytime Liberty Espresso guise starting at 11:30 AM for rolls, etc. Open for coffee earlier than that, of course. Did we mention it?s been open every day since 2006?
• ?Seattle?s first rum bar?
• Cafe Presse now offering deals on wine by the bottle on weeknights.
• We?ve probably published an inordinate number of Canon photos in the weekly food+drink notes. But, good golly, even its cellar is photogenic.

  (Image: Canon)

• E Olive Way?s Tommy Gun turns two on Friday. And a reminder that The Saint celebrates five years on Thursday. Shout out to CHS?s main mariachi man Paco Garay? El Mariachi!
• Gosh, CHS maybe oughta finish its list of first-quarter Capitol Hill food and drink birthdays. Or shift attention to first-half edition?
• Word is out on a Capitol Hill restauranteur?s new downtown project but Seattle?s foodie media is apparently waiting for the press release. Guess we will, too.
• Personally, we?d use this dataset to pick the most interesting places to eat.
• This is important. Regent Bakery wants to know: Do you want weekend dim sum brunch on Capitol Hill? The answer is yes, if you?re wondering.
• A food and drink post with no food? Here?s some guess-where Capitol Hill pizza pie from the CHS Flickr Pool.

?

Source: http://www.capitolhillseattle.com/2013/04/capitol-hill-fooddrink-montreal-inspired-resto-debuts-lil-molly-moons-does-ballard/

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Gas prices drop by a penny in RI

PROVIDENCE, R.I. (AP) -- Gasoline prices have dropped by another penny in Rhode Island.

AAA Southern New England said Monday that its weekly survey finds the average cost of a gallon of regular gas in the state is $3.73.

Gas prices have gone down by six cents in the past month. The price for a gallon of regular remains 10 cents higher than the national average of $3.63.

A year ago Rhode Islanders were paying an average of $3.89.

Source: http://news.yahoo.com/gas-prices-drop-penny-ri-153419172.html

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Tapatalk HD updated in Play Store today

Tapatalk HD got a healthy update, but it may be a bit premature as force close issues plague the camera features

Tablet owners that use Tapatalk have an update waiting for them in the Play Store today, bringing Tapatalk HD up to v1.2.0. The change log mentions a new camera and photo editor in the latest version, however I'm unable to verify that thanks to consistent force closes. Trying to attach a photo using the gallery or by taking a new one on my Nexus 7 always leads to Tapatalk HD cashing, forcing me to exit the app.

Thankfully the new sub-forum search seems to be working without a hitch. It's now possible to search for keywords in sub-forum threads, search by thread title only, and search by author. The search results can be displayed as either threads or posts, depending on what you're looking for.

"New Jelly Bean Notifications style" is also listed as a new feature, however this must be purely aesthetic since notifications are not expandable in Jelly Bean.

Hit the Play Store link at the top to get the update. I hope my force close problems are isolated. Anyone else having better luck? Sound off in the comments.

Source: http://feedproxy.google.com/~r/androidcentral/~3/QEVpsQP9IUE/story01.htm

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Guest Post: The Great Disconnect - Markets Vs. Economy | Zero ...

Last week I was swamped with interviews, both radio and television, to discuss the meaning of the markets hitting new all-time highs.? The general consensus of the analysts and economists that I was pitted against was that the rise in capital markets, given weak current economic data and a resurgence of the Eurozone crisis, is clearly a sign of economic strength.? This, combined with rising corporate profitability, makes stocks the only investment worth having.? My arguments were much more pragmatic.

First, it is worth noting that the markets have only risen to "all-time highs" only on a nominal basis.? As I posted in this past weekends newsletter entitled "Why You Can Never Beat The Index" I stated that:

"While the markets have hit an all-time high on a nominal basis (due much to the substitution effect as discussed above), there is still much to go before making up lost ground on an inflation adjusted basis.

?

The chart below shows the S&P 500 adjusted for inflation. Investors today, if they had been able to get exactly the same performance as the index are now back to where there were effectively in 1997. Of course, the reality is that investors have fared far worse given emotional mistakes, jumping from one investment strategy to another, taking on excess risk, and chasing past returns.

?

As I explain to my kids in baseball ? it is not getting hits that win baseball games but rather having fewer errors than your opponents. In investing ? the winner is the person with the fewest errors."

Setting aside for the moment the impact of all other factors and looking at the rise of the index solely as an indication of economic strength - we find a very large disconnect.

Since Jan 1st of 2009, through the end of March, the stock market has risen by an astounding 67.8%.?? However, if we measure from the March 9, 2009 lows, the percentage gain doubles to 132% in just 48 months.?? With such a large gain in the financial markets we should see a commensurate indication of economic growth - right?

The reality is that after 4-Q.E. programs, a maturity extension program, bailouts of TARP, TGLP, TGLF, etc., HAMP, HARP, direct bailouts of Bear Stearns, AIG, GM, bank supports, etc., all of which total to more than $30 Trillion and counting, the economy has grown by a whopping $954.5 billion since the beginning of 2009.? This equates to a whopping 7.5% growth during the same time period as the market surges by more than 100%.

However, as shown in the chart above the Fed's monetary programs have inflated the excess reserves of the major banks by roughly 170% during the same period of time.? The increases in excess reserves, which the banks can borrow for effectively zero, have been funneled directly into risky assets in order to create returns.? This is why there is such a high correlation, roughly 85%, between the increase in the Fed's balance sheet and the return of the stock market. ?

Unfortunately, while Wall Street benefits greatly from repeated Federal Reserve interventions - Main Street has not.? Over the past few years as asset prices have surged higher - consumer confidence has remained mired at levels historically associated with recessions.? This is reflective of weak growth in personal consumption expenditures which is primarily a function of weak income growth.

As an example - the last two reports on personal incomes and expenditures show that more than half of the increase came from increase in gasoline and food prices.? The problem with this, as we have explained previously, is that higher "sales" is not a function of greater volumes of product sold - just simply more dollars spent for the same amount of goods.? This is more commonly known as "inflation."

Of course, weak economic growth has led to employment growth that is primarily a function of population growth.? Sustained levels of unemployment have reduced the standard of living for many Americans forcing them to turn to social support programs.? Food stamp usage and disability claims have soared to record levels along with the percentage of real disposable incomes that are comprised by social benefits as shown below.

It is extremely hard to create stronger, organic, economic growth when the dependency on recycled tax-dollars to meet living requirements remains so high.?

Corporate profits have surged since the end of the last recession which has been touted as a definitive reason for higher stock prices.? While I cannot argue the logic behind this case, as earnings per share are an important driver of markets over time, it is important to understand that the increase in profitability has not come strong increases in revenue at the top of the income statement.? As the chart below shows while earnings per share has risen by over 200% since the beginning of 2009 - revenues have grown by less than 10%.

As expected, since the economy is 70% driven by personal consumption, GDP growth and revenues have grown at roughly equivalent rates.? Therefore, the question as to where corporate profitability came from must be answered?? That answer can be clearly seen in the chart below of corporate profits per worker which is at the highest level in history.?

Suppressed wage growth, layoffs, cost-cutting, productivity increases, accounting gimmickry and stock buybacks have been the primary factors in surging profitability.? However, these actions are finite in nature and inevitably it will come down to topline revenue growth.? However, since consumer incomes have been cannibalized by suppressed wages and interest rates - there is nowhere left to generate further sales gains from in excess of population growth.?

So, while the markets have surged to "all-time highs"? - for the majority of Americans who have little, or no, vested interest in the financial markets their view is markedly different.? While the mainstream analysts and economists keep hoping with each passing year that this will be the year the economy comes roaring back - the reality is that all the stimulus and financial support available from the Fed, and the government, can't put a broken financial transmission system back together again.? Eventually, the current disconnect between the economy and the markets will merge.? My bet is that such a convergence is not likely to be a pleasant one.

Source: http://www.zerohedge.com/news/2013-04-01/guest-post-great-disconnect-markets-vs-economy

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3 killed in 95-vehicle pileup at Virginia-NC line

This photo provided by the Virginia State Police shows the scene following a 75-vehicle pileup on Interstate 77 near the Virginia-North Carolina border in Galax, Va., on Sunday, March 31, 2013. Virginia State Police say three people have been killed and more than 20 are injured and traffic is backed up about 8 miles. (AP Photo/Virginia State Police, Sgt. Mike Conroy)

This photo provided by the Virginia State Police shows the scene following a 75-vehicle pileup on Interstate 77 near the Virginia-North Carolina border in Galax, Va., on Sunday, March 31, 2013. Virginia State Police say three people have been killed and more than 20 are injured and traffic is backed up about 8 miles. (AP Photo/Virginia State Police, Sgt. Mike Conroy)

This photo provided by the Virginia State Police shows the scene following a 75-vehicle pileup on Interstate 77 near the Virginia-North Carolina border in Galax, Va., on Sunday, March 31, 2013. Virginia State Police say three people have been killed and more than 20 are injured and traffic is backed up about 8 miles. (AP Photo/Virginia State Police, Sgt. Mike Conroy)

This image provided by WXII Channel 12 news, shows the scene following a 75-vehicle pileup on Interstate 77 near the Virginia-North Carolina border in Galax, Va., on Sunday, March 31, 2013. Virginia State Police say three people have been killed and more than 20 are injured and traffic is backed up about 8 miles. (AP Photo/WXII, William Bottomley) MANDAORY CREDIT: WXII,WILLIAM BOTTOMLEY

This image provided by WXII Channel 12 news, shows the scene following a 75-vehicle pileup on Interstate 77 near the Virginia-North Carolina border in Galax, Va., on Sunday, March 31, 2013. Virginia State Police say three people have been killed and more than 20 are injured and traffic is backed up about 8 miles. (AP Photo/WXII, William Bottomley) MANDAORY CREDIT: WXII,WILLIAM BOTTOMLEY

GALAX, Va. (AP) ? Nearly 100 vehicles crashed Sunday along a mountainous, foggy stretch of interstate near the Virginia-North Carolina border, killing three people and injuring 25 others.

Police said traffic along Interstate 77 in southwest Virginia backed up for about 8 miles in the southbound lanes after the accidents. Authorities closed the northbound lanes so that fire trucks, ambulances and police could get to the series of chain-reaction wrecks.

Virginia State Police determined there were 17 separate crashes involving 95 vehicles within a mile span near the base of Fancy Gap Mountain, spokeswoman Corinne Geller said. The crashes began around 1:15 p.m. Sunday when there was heavy fog in the area.

"This mountain is notorious for fog banks. They have advance signs warning people. But the problem is, people are seeing well and suddenly they're in a fog bank," said Glen Sage of the American Red Cross office in the town of Galax.

Since 1997, there have been at least six such pileups on the mountain but Sunday's crash was the most deadly, according to The Roanoke Times. Two people died in crashes involving dozens of vehicles in both 2000 and 2010.

Overhead message boards warned drivers since about 6 a.m. Sunday to slow down because of the severe fog, Geller said. The crashes were mostly caused by drivers going too fast for conditions.

At the "epicenter" was a wreck involving up to eight vehicles, some of which caught fire, Geller said. Photos from the accident scene showed a burned out tractor-trailer and several crumpled vehicles badly charred. Those taken to hospitals had injuries ranging from serious to minor.

School buses took stranded people to shelters and hotels.

Nina Rose, 20, and her mother, were driving home to Rochester, N.Y., when they encountered the pileup.

"With so much fog we didn't see much around it," Rose told the Roanoke newspaper. "As we got further up we just saw a bunch of people standing on the median, just with their kids and families all together. There were cars smashed into other cars, and cars just underneath other semi-trucks."

Darrell Utt, 17, of Moore County, N.C., was stuck in the northbound lanes for about three hours as he traveled to Huntington, W. Va.

"It was really foggy at first," he said. "We probably saw over 50 tow trucks. We saw about five cars come down and three semi-trucks. One of them, it didn't even look like a car, it looked like a chunk of metal."

Utt said motorists were calm, despite the traffic jam.

"There was no road rage or anything, everyone understood the severity of how bad this was before we even began to figure out what exactly happened," he said.

Authorities reopened the northbound lanes Sunday night and hoped to have the other side cleared later in the evening.

Police did not immediately release the names of those killed.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-03-31-Virginia%20Interstate%20Pileup/id-2f856735e8b44a1abf3390e09b57ce12

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Sen. Casey Is Latest Senate Dem to Embrace Gay Marriage (ABC News)

Share With Friends: | | Politics - Top Stories News, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/296000370?client_source=feed&format=rss

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Facebook's Mobile Platform Ambitions Come As Messaging Apps Gain Traction With Youth

Facebook is making an announcement this Thursday, and our own Josh Constine reports that at this event we'll see the company unveil its own slightly tweaked flavor of Android, to power select HTC smartphones. But why would the company do that, and why now? A new report from Reuter provides very good motivation: Facebook sees a potential threat in the growing success of mobile-first messaging platforms that make the social networking experience more about conversation and less about broadcasts.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/WELZLAQrj_E/

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