The local Citi Bike program once planned to launch 1,000 of its 10,000 rentals today, but a software problem has kept them off the street entirely. Instead, the company behind the program, Alta, has asked initial sponsor Citibank for $3.5 million of the $41 million promised on an accelerated timetable, even if their goals aren't met, the New York Post reports. And if the hold-up lasts longer, the whole thing may have to wait until next year: "No one wants to do this in November," said an anonymous insider. "You'd be looking at spring [2013]."
"That is inaccurate," said a Department of Transportation spokesperson, failing to offer much reassurance for eager renters. "While we can’t get into details, we are working on a plan to launch the system."
The organization Transportation Alternatives is hosting a party "celebrating the launch of Citi Bike" on August 23, leading some to get excited about a late-summer takeoff, but the group confirmed to Daily Intel that the party was planned before the delay: "We don't know when the bike share program will launch." So everyone is the dark, but only Citibank is paying.
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Watching you. 
We recently told you that rumors are on the street that Motorola and Verizon will be launching the Motorola Droid 3 on July 7. Droid 3 will be successor to Droid 2 and in past few weeks, we showed you some leaked shots, video and also some information related to it. Now we have some more information related to Droid 3, thanks to xda.cn who got their hands on this device and they also previewed it. Well, now we can tell you what the device will actually feature because xda.cn is confirming that it comes with a 4-Inch touchscreen display with qHD resolution of 960 x 540, 512 MB of RAM, an 8-Megapixel camera capable of recording HD video, HDMI-out, 1,500 mAh battery, and it's possible that it will feature Texas Instruments OMAP 4430 dual-core processor.
