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Billionaire Commissions "Titanic II"

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Australian Billionaire Chris Palmer has announced plans to build a 21st century version of the Titanic, the Sydney Morning Herald reports.

Almost exactly a century after the doomed maiden voyage of the original Titanic, the mining magnate announced plans to build a new ship that would be ready to sail in 2016. the Titanic II would be build as close to the specifications of the original as possible, but with 21st century amenities and technology.

"It is going to be designed so it won't sink,'' Palmer told the BBC. ''But, of course, if you are superstitious like you are, you never know what could happen.''

The attention-grabbing new boat is just a part of Palmer's recent expansion into tourism, which also includes a luxury resort and other cruise ships.

"Arrested Development" creator Mitch Hurwitz announced that the revival of the cult TV show would arrive on Netflix all at once at a press event on Wednesday, according to the AV Club.

At the National Association of Broadcasters Convention in Las Vegas, Hurwitz and "Arrested Development" cast members answered questions about the show's upcoming fourth season, which was picked up by Netflix last fall, five years after the sitcom was canceled by Fox.

Hurwitz and co. said that the ten-episode season will film over the summer and premiere all at once on Netflix's streaming service on a yet-to-be determined day next year. Any talk of the rumored movie was sidestepped, although Vulture reports that Hurwitz expressed hope that season four would "be the first first of many visits."

Julian Assange launches talk show, teams with MIA

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Wikileaks founder Julian Assange will debut a new talk show called on Russian TV on Tuesday, according to the Huffington Post.

A press release from Wikileaks said "The World Tomorrow" will feature interviews from "iconoclasts, visionaries and power insiders," and will debut online and on the english-language Russian network RT.

"A lot of the things that we have been trying to report have not been carried accurately in the mainstream press," Assange said. "There are many, many fine exceptions but when we look at international networks there's really only two that are worth speaking about, and that's RT and Al Jazeera."

Twelve episodes of "The World Tommorrow" have been shot in Assange's home in Britain, where he is under house arrest.

Pitchfork reports that controversial rapper M.I.A. has, fittingly, penned the theme for the program

"Community" Returns to NBC

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NBC announced that its cult-favorite sitcom "Community" will be returning from hiatus, according to The Hollywood Reporter.

"Community" was benched by NBC in November after pulling in low ratings in it's 8 p.m. (eastern) Thursday timeslot. It was replaced at midseason by the delayed premiere of "30 Rock", but the critically acclaimed flagship failed to do any better. Community continued production on its third season, despite having no set return date.

The Huffington Post reports that the show's March 15 return date will see a rearrangement in NBC's Thursday night line-up. The show will reclaim its old timeslot, moving 30 Rock down to 8:30. "Parks and Recreation" will go on a five-week break before claiming "Up All Night"'s plum post-"Office" timeslot when the Will Arnett/Christina Applegate sitcom wraps up its first season.

Although NBC's revival of "Community" was motivated mostly by a lack of options, fans are claiming the announcement as a victory. When the show was benched fans staged a number of events and "Save Community" online petitions to attempt to bring back the Dan Harmon-helmed sitcom.

In his weekly television blog for the Minnesota Daily Tony Wagner called the announcement "great news."

Apple Previews New OS X Update "Mountain Lion"

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Apple previewed their latest operating system update, OS X 10.8 or "Mountain Lion," to developers and press Thursday, according to the BBC.

OS X 10.8 boasts a number of new features that push along the convergence between Macs and Apples iOS devices, such as a Notification Center, a messaging application that mimic's the app on iOS and replaces iChat, and full integration with Twitter via an omnipresent "share" button.

The Washington Post also notes that Mountain Lion contains a new feature called "Gatekeeper", which promises to protect Mac users from Malware by only allowing the download of applications from developers certified by Apple.

The tech giant has not announced a price for the upgrade but slated it's release to consumers for "Late Summer 2012."

MIA Flips Off America At Super Bowl

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The 2012 Super Bowl halftime show was not without a minor controversy this year as MIA displayed an obscene gesture during her guest spot in Madonna's performance, according to the Associated Press.

During the performance of "Give Me All Your Luvin'", which feature's guest verses by Nicki Minaj and MIA, the camera lingered on the latter performer, who sang the last line of her verse, "I don't give a [expletive]" but stopped short of finishing the sentence, opting to make an obscene hand gesture instead. The broadcast blurred momentarily, but not quickly enough to obscure MIA's middle finger.

Keen to avoid the controversy of 2004's halftime show, in which Janet Jackson's exposed breast saddled CBS with fines from the FCC, NBC issued a quick apology while attempting to deflect blame onto the NFL, reports the New York Times.

"The NFL hired the talent and produced the halftime show," said Christopher McCloskey of NBC. "Our system was late to obscure the inappropriate gesture and we apologize to our viewers."

JC Penney Drastically Altering Business Model

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JC Penney announced Wednesday that it is completely restructuring its business starting in February. Changes include a new logo, simpler pricing, less promotions, and a new spokesperson in the form of Ellen DeGeneres, according to Reuters.

The struggling department store chain will reduce the number of promotions it holds per year from 590 to just 12, using the newly freed up money to advertise its brand more extensively. The company will still release traditional weekly newspaper ads, and a new 90-page monthly ad with that month's promotions.

In lieu of direct-mail and blowout-style promotions, JC Penny will enact new "fair and square pricing". Only one in 500 items at JC Penney is actually sold at full price, according to AdAge. The new pricing model is meant to reflect the way Penney's merchandise is already being sold while doing away with confusing sales and promotions. An example given in AdAge says that a shirt retailed for $14 would have typically sold for around $6 under the old system, so the new price will be $7. To further reduce confusion, all items will have flat prices.

The company will also be restructuring their stores to resemble the layout of department stores of yesteryear, with small boutiques within the larger store, and a new "town square" area set up in the area currently reserved for cosmetics and jewelry. JC Penney hopes an improved in-store experience will bring back shoppers who are currently content to find deals online rather than wade through endless racks.

These changes come in the wake of an executive shake up at Penney. Last fall the chain hired a new CEO, Apple alum Ron Johnson, and a new president, Michael Francis, formerly of Target. The new leadership at Penney's has said that they are aspiring to mirror the success of their former companies with JC Penney.

The changes will launch in February, though won't fully take effect until 2015. The shake-up has already been well-received with business press. Forbes called Penney the "most interesting retailer of 2012", and Penney's stock saw a 15% jump on Thursday, according to the Salt Lake Tribune.

"We're rethinking and reimagining, and if we find that we've picked up any bad habits over the decades, we're going to leave them far behind," Johnson told Ad Age.

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